The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-09
rNSUR ANCE,


MERCHANTS MUTUAL INSURANCE COM
PANY OF NEW ORLEANS.
1O4 Canal Street.
TwENrY.FIRsr ANNUAL STATEMENT.
In conformity with the requirements of their char.
ter, the Company publish tho following statement:
Premiums received during tho year ending May 81 |
1875. including Unearned Premiums Ut the previ |
GUS year:
ON Fire Risks 1850 621 O5
On Marine So $50 10
On River Risks ACKNOWLEDGEMENTS. 55,9e3 o.
Total Premiums ..s 67s, 100 % |
Less Unsarned Premiums 12l, 46e 90
Net Earned Premiums 3lst May ls75.... $556,692 .
Losses paid
On Fire Risks. $257, 344 Al
On Marine Risks..---.-- 41.7s2 "A
On River Risks .............. 1894 o5
$3.50, 40 20
Taxes .................-...... 5000 SO
Reinsurance and Return Pre-
Expenses and fifteen per cent
rebate less interest. 54,93O VI
Profit sloa, 431 So
Real Estaia n"'o WV Ssss,si4 43
CITY Bonds OBSERVATION-DISCLOSURES. no 10
Bank, Railroad and other Stocks 13,oll 80
Notes secured by mortgage and pledge-- 81, ~ 80
Premium in course Of collection ...... 4,4o4 70
Stata Ponds - $50 90
Insurance. stock 1924 a.
stock Of vallette Dry Dock Company. 10, 400 90
Mortgage Bonds, Turner'S Association. 2OO0 w
Mortgage Bonds ODD Fellows HAl..... 5oO0 w
Cash ON hand 1oc''o' 80
s1,ss s99 So
The above statement 10 . just true and correct
transcript from the books Of the Company .;dn+
" }" N'''' '''' STATE OF LOUISIANA, |
Parish of Orleans, city of New Orleans.
Sworn to and subscribed before the 18th day Of
June 1875. JAMES FAHEY, N. p.
At meeting of the Board of Directors held ON the
14th day Of june 1875 it was resolved to pay to the
Stockholders, demand interest at the rate of 10
| per cent per annum on their stock.
DIRECTORS:
p Maspero Ed Toby,
D. Fatjo,. p Fourchy.
I. +. Gsne,es, u; Fs,Tnandes.
| Chas LATTE. je16 rs 1y
UlHE NEW ORLEANS INSURANCE COMPANY
OF NEW ORLEANS. La,
| Corner of Camp and Canal streeta'
| ESTABLISHED IN 1905.
Income for year 1s74....... o3s n
Assets December g. $50 8,
Tho Company insuros 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.
W. b. Schmidt A. II. BiokhAm
Placids Forstal, Ad Schneider,
H d Galiyi .stt. v ". 1 BsIi
w. Van Benthuysen, y. FatO,
Emile BOuny, u. ID. Rogers fe3 ~
NEV ORLEANS INSURANCE COMPANY
Cornsr Canal and Camp streets.
FIFTEENTH ANNUAL STATEMENT.
IN conformity with their charter. the company pub
ush the following statement:
PREMIUMS Home and Ageade., DURING TEL
YEAR ENDING DEC. 81, 1874.
On fire risks...... ..-..........$4s5,12 100
On Marine risks. 1882 65
On river and inland.-.......... 94,394 SO ~
Less reserved for unterminated
risks Deosmber 81, ls4.... 1666ol 50
'''>'- lss,sa
e46s, SO 8
ADD interest. 1896 l
s5o4,o3s !
, Deduct reinsurances. .......... H5,103 w
! q Fire losses. .e161, ia 50
8 Marine lossos.. 57,432 -
River ard in
land losses 81, AT IS
= General expenses. 55,25e %
9 Taxes ...... 194& 90
e. Commission. 81, $50 80
! Rebate 11494 80
'''' ''''' E7s,ess Q
Ne, profits. ..--...... ", aos
The company has the following ass tss
| Cash .................... ..... Soo,OoO "
| Premiums in course Of ccllec-
lection. 92,13 n
Pledges and mortgage R,tes.. 211, $50 81
Bills Receivable fer premiums II, 4s1 "a
Ronds city and ether . 1896 S.
Stocks, gas and other. H,409 so
Agencies premiums in course
of transmission 9,7H q
Due by insurance compar' b.. 1880 81
Real estate corner CAM and
Canal. 7o,66e II
Other real estate. ..........-. 7O,532 u
Branch office Third District,
premium L, collection...... 1878 10
Suspense account.. 3,070 16
0N'' t75s $50 I
LIABILITIES.
Capital stock 900 90
Reserved for unterminated
risks Dec. 81, 1S74.......... l68,6Ol IS
Interest and dividends uncol-
lected ... 6,7H Is
. Claims against the company. 4,293 rs
Surplus more than sufficient
to cover depreciaton $50 92e s
| ThA ah0Ya statement is true and OOfroCt QAl