The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-14
INSURANCE.

/ COMPANY OF NEW ORLEANS,
81 Camp Street, corner of Commercial Place.
| Paid up Capital. s5s0,OOO.
| TWENTIETH ANNUAL STATEMENT.
In conformity with the requirements of their Char
ter the Company publish the following statement for
the year ending December 31st, 1875:
Amount premiums for the year ending December
| 3lst 1876
Fire-...--.-.----- S222, c64 "a
| River ---------. 77,735 IS
| Marine .-.-...... 56,1e5 40
DIFFERENTIATED risks for 1874. 97OO2 90
Less
| DIFFERENTIATED risks for 1875. 95,255 90
Return premiums. 13,479 OF
Net earned premiums. ......... ss44 a54 -
Losses, etc, paid during the same period
Fire risks..--.--. s4256O "A
River 31,47O rs
Marine. ---....--. 1854 80
s9O572 SO
Reserved for
adjusted losses 80 700 90
s1a4,272 90
Add
Reinsurance 49,. sl94so 81
General expenses,
taxes, Board of
Underwriters,
ETC. So s33 80
1884 II
Reserve fund --..--.-..-.... 10000 90
Interest on CAPT
tai stock. $40, SAT 4s
Less
Discount and in
terest.....-.... "a 629 So
saas,515 SO
Actual net profit. ACKNOWLEDGEMENTS. 1921, 73s 90
The company has the following assets,
estimated at their market values:
Stocks anu bends. ACKNOWLEDGEMENTS. $34o, 416 rs
Loans on mortgage. 1880 81
Loans on pledge .......-.-...-.--.... 3S,175 4e
Bills receivable. ACKNOWLEDGEMENTS. 9666 90
Premiums in course Of collection 40506 "a
Cash on hand 1863, 1888 10
S625, AL II
The above statement is a just, true and correct
transcript from the books of the company.
JAMES 1. DAY President
H. CARPENTER, Secretary.
STATE OF LOUISIANA, al
Parish of Orleans City of New Orleans.
Sworn TO and subscribed before me- this 18th day
of January, 1876
ALFRED INGRAHAM.
Notary Public.
The Board of Directors, at meeting held on the
10th day of January, 1876. after setting aside TEN
THOUSAND DOLLARS to the RESERVE FUND, |
from the net earnings Of the year, and paying TEN
PER CENT DIVIDEND to the stockholders, have
resolved to pay CASH DIVIDEND Of THIRTY |
FIVE PER CENT, on the net earned participating |
premiums of the year ending December 81, 1875;
said dividend payable and after MONDAY, the |
oath day Of January 1876.
DIRECTORS FOR 1876.
Jno. g. Gaines. Richard Flower. j. L. Harris,
e. J. Fart, j. Weis, D. A. Chaffraix.
Ely Renshaw, B.w. Taylor. L. Alcus
Hugh Wilson, j. @. Morris, Isaac L. Has
B. BiscOe. James I. Day, Soft McGel &C.
A. Baldwin, Lionel C. Levy. Gee. Jonas.
Chas. Macready. Emory Clapp, D. Fatjo
W. E. Seymour, T. L. Airey. ja2l I'm
EIGHTEENTH ANNUAL STATEMENT
HOPE INSURANCE COMPANY,
NEW ORLEANS
Office. No. 125 Common Street.
Tn
ter, the company publish the following statement:
Premiums received to December 81 1875 s177 TOT 81
On fire risks ............ 1921, SAB 90
On marine --.-........... 17,746 IS
On river.............--.. 81 4l5 %
Losses paid during the same period, viz:
On fire risks. S23,972 A.
On marine. ACES 81
On river....- 1850 O5
1928 12
Less rebate... S20o16 W
State and city IL
censes and tax
oncapital and
real estate for
1874 and 1875 :. 15315 so
-. 1854 -
Rent -. 1907 81
Return premiums 1,056 81
Profit and loss,
expenses lessin-
terest 13 COG S.
1,439 Is
117,677 q
-
Profits. ACKNOWLEDGEMENTS. $50 $50 go
Reserved for risks not terminated Decem.
Der 81, 1875 ACKNOWLEDGEMENTS. e25 500 40
Reserved for unadjus losses 1851 II
Cash dividend of ten per cent declared
this 10000 90
Estimated depreciation of assets. 1920 0a
S6O,030 60
|
The Gompany's Assets:
Invested in mortgage on rea! estate in
the city ACKNOWLEDGEMENTS. $40, 1913 II
Bills receivable on pledges - 1887 10
:. :. for premiums. 1895 81
Bank insursnc and other stocks .... 1904 %
Real estate ........ 34,324 81 i