The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-31

| MERCHANTS MUTUAL INSURANCE COM
PANY OF NEW ORLEANS,
1O4 Canal Street.
TWENTY FIRST ANNUAL STATEMENT.
In conformity with the requirements of their char
ter the Company publish the following statement;
Premiums received during tho year ending May 81
1875, including Unearned Premiums OF the Prev
On Fire Risks ACKNOWLEDGEMENTS S569,62l o.
On River Risks So 9s3 o.
Total Premiums s67s,16o %
Less UneaIued Premiums ......... III ,46S 0(
Net Earned Premiums 3lst May 1675.-. $3.50 692 %
Losses paid
On Fire Risks. s257, 344 Il
On Marine Risks. 41,7S2 IA
On River Risks .--..-----.... 32,344 10
1887, 40 30
Taxes ACKNOWLEDGEMENTS. 3o,uu9 9o
Reinsurance and Return Pre-
mums- Observation-Disclosures. 26,6i9 y
Expenses and fifteen per cent
rebate less interest..--....- 54,93O OF -.
Profit s102, 43l 81
Real Estate w $685., s14 40
CITY Bonds 2l6, 10 w
Bank Railroad and other Stocks.--.--. BILL 80
Notes secured by mortgage and pledge 327 ~ s5
Bills receivable Observation-Disclosures. g, IL 90
Premium in course of collection 94,4O4 IS
State Bonds $50 90
Insurance Stock 1924 46
Stock of Vallette Dry Dock Company 1e, 400 %
Mortgage Bonds, Turner's Association. 1900 90
Mortgage Bonds Odd Fellows Hall. 49,. 5000 90
Cash on hand OBSERVATION-DISCLOSURES. los 5e7 %
s1,22s, ss9 So
The above statement is just, true and correct
transcript from the books of the Company.
z. FOURCHY, President.
G. w. MOTT. Secretary.
STATE OF LOUISIANA.
Parish of Orleans city of New Orleans
Sworn to and subscribed before me the 18th day of
June, 1875. JAMES FAHEY, n z.
AT meeting of the Board of Directors held on the
14th day OF june 1873 it was resolved to pay to the
Stockholders demand, interest at the rate of 10
per cent per annum Oh their stock.
DIRECTORS:
P. Maspero Ed. Toby
d. Fatjo P. FOurchy,
S. Kelf Nj. w. Smith,
IF. Generes ID Fernandez,
D. A. Chatfraix, j. M. Allen,
Chas Laitte. je16 10 "
rT>HE NEW ORLEANS INSURANCE COMPANY
OF NEW ORLEANS, La,
Corner of Camp and Canal StreetA
ESTABLISHED IN 1905.
Income for year ls74.-.-... .--.......$5o4 o3s 10
Assets December 81, 1874. $50 IS
The Company nsuros Fire, Marine and River
Risks. Issues Marine Policies payable in London In
case of loss j. W. HINCKS, Secretary.
AID SCHREIBER Vice President.
j. TUYES President.
DIRECTIONS:
W. B. Schmidt A. N. Bickham
Placide Forstau, AID Schneider
Il. Gally, Jules Tuyes,
W. Van Benthuysen, D. FatO,
Emile Bouny D. D. Rogers fes iy
NEV ORLEANS INSURANCE COMPANY
Cornsr Canal and Camp streets.
FIFTEENTH ANNUAL STATEMENT.
IN conformity with their charter the company pub.
Hsh the following statement:
PREMIUMS Home and Agencies) DURING THE
YEAR ENDING DEC 81 1874.
On fire risks. .$4S5, 100
On Marine risks.--.-....-...-.. 1882 65
On river and inland........... 94,394 60
1856, 497
Less reserved for unterminated
risks December 81, 1s74.--. 16s6o1 50
Return premiums. ............. SO, 222 90
1895
s46s,67s IS
Add interest ACKNOWLEDGEMENTS. 1886 IA
s5o4, oss 70
Deduct reinsurances. .---...--. $45,1o3 20
g Fire losses $l61, IA SO
Marine losses. 57,432 43
River ard in
:, land losses 81, AT IS
x 27o, 0o4 n
y General expenses $3.50 %
Taxes 19, 40 90
z Commissions. ........... IS, $50 SO
Rebate. ............. 11,494 80
- l7e, 1886 oe
Net profits. N, aos II
The company has the following ass. is:
cash. 1890. $1,000. foo,ooo o.
Premiums in course OF ccllec-
lection. a2133 n
Pledges and mortgage Rites. oil $50 "a
Bills Receivable for premiums l2461 o.
Bonds, city and ether. 1866 IS
Stocks, gas and other. H409 so
Agencies premiums in course
of transmission .......-.... e,76 q
Due by insurance compan B.. ',2o0 81
Real estate corner CAM and
Canal 1e,662 II
Other real estate. 1852 "a
Branch office Third District
premium ii collection..-... l,675 10
Suspense account. ... 3070 Is
LIABILITIES.
Capital stock. s5OD, 900 90
Reserved for unterminated
risks, Dec. 81 1874.....-..-. sol So
Interest and dividends uncol.
lected ACKNOWLEDGEMENTS. 6,73715
Claims against the company. 1898 70
- $677 e32 Al
Surplus more than sufficient
to cover depreciation. ts0, 92s q
The above statement is a true and correct tran.