The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-17

INSURANCE.
IN1NTH ANNUAL STATEMENT
FACTORS AND TRADERS, INSURANCE
COMPANY,
37....-...---.- Carondeiet Street.
NEW ORLEANS, May 90 1875
The Trustees in conformity with the charter of the
Company publish the following statement of its
affairs for the year ending April 30 1875, to wit:
| PREMIUMS FOR THE YEAR.
| On Fire Risks. 1860, orb 80
Oh river hlsKs -.----. 23l,2 29 10
On Marine Risks...-..---.. 441l6 Al $685. 419 SO
| LESS
| DIFFERENTIATED premiums
Both April, 1675..---..-. s9,742 90
Return premiums .-..-.--- 1926 So s9,667 so
Net earned premiums. $685., 752 40
LOSSES PAID, To-wIT:
On IRE risks 1874 3f7 30
| River risks. 126, 482 So
Marine risks 8 800 65-$269, ITO SO
Re,relnsurance- 1859 62
rebate retuTns-----. 10, 1872 81
State and city taxes. 22,616 As
Gross expenses home Office
and agencies -.-.--.- 81, 899 81
Balance. -....:-:........... sl45, 1863 So
Add interest and discount and savings
received. -............... 1O5o54 81
sa5e, 2a4 50
Less first semi annual interest on CAPT.
tai stock paid and second now due 10000 90
Net profits. Observation-Disclosures. 14o,2a4 50
Less reserved for shrinkage in invest
ments. ACKNOWLEDGEMENT. 1904 50
Balance to be divided on net premiums
OF 1918 and unearned OF lS73-4..- $117, 100 90
IHE COMPANY HAVE THE FOLLOWING ASSETS TC-WIT
Cash ON hand -------:.--.- 1894 s3 Is
Accounts in course of col
Bills s1 receivable for loans on '0'S0
pledge of stocks and
bonds. .-....--. 522, 923 GA
Bills receivable at short
dates............ 3s,O11 IS
Bank and other stocks. 215 1O3 SIS
Stocks OfCity Railroads 10, $40 &c
City and other bonds. 1106s1 Sc
Bonds OF Masonic Grand
Lodge of Louisiana 5000
Bonds Of Odd Fellows Hall
Association. 5000 90
Bonds of Association for
Relief of jewish Wild
ows and Orphans...... 1000 90
Real estate Co. 135 00-$1 4S6, 215 SO
LIABILITIES
Capital stock 81, 100 900 90
Reserved for DIFFERENTIATED
Risks. 69742 90
Unpaid dividends dnclud.
ing interest and pre-
81 1870 III 655 %
Contingent Fund (surplus) 11s61S 65-$I 4s6 215 SO
The foregoing is true and correct transcript from
the books Of the Company.
ED. A. PALFREY, President
THos. F. WALKER, Secretary.
STATE OF LOUISIANA,
Parish of Orleans, City of New Orleans.
Sworn to and subscribed before me- this 22d day of
May, 1875
EDWARD IVY. Notary Public.
At special meeting of the Board of Trustees held
On the twentieth inst it resolved to pay on DE-
MAND SECOND SEMI-ANNUAL interest of
FIVE PER CENT to Both April 1875 making ten |
per cent per annum on the CAPITAL STOCK of the
Company, 81, 100 ,000) and CASH DIVIDEND of |
TWENTY-FIVE PER CENT, to Stockholders on
he amount (s47l 100 $50 of their net participating
premiums for the year ending Both april 1875 and
Of their unearned participating premiums for the
year ending Both April 1874
ED. A. PALFREY, President
THos. f. WALKER Secretary.
MOSES GREENWOOD Vice-presde1t.
TRUSTEES.
Noses Greenwood r. M. Wa,msley,
W A. johnson, A. BrittiD,
John l. Noble, A. II. May
Iohn Chatfe, S. H. Snowden,
Richard Milliken, L. Iytt Lyon
samuel E. Moore, VIM. C. Raymond
. l. Warren, James S. p stidge
I. L. Buckner Samuel F. Boyd
ami Fredlander. Joseph McElroy
\. A. Yates, E. b. Wheelock
Ohm l. Adams, Cyrus Bussey,
saac Scherck, VIM. j. Behaa
B. T. Eshleman. my23 I'm