The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-18

INSURANCE.
OFFICE OF SUN MUTUAL INSURANCE
COMPANY OF NEW ORLEANS.
81 Camp Street corner of Commercial Place.
Paid up Capital, S5o0.O0O.
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
31st 1875
Fire. $222, o64 "a
River .----..-.--. 77,735 76
Marine .-.--=..s. 56,1s5 40
DIFFERENTIATED risks for 1874. 97,O02 90
DIFFERENTIATED risks for 1875. s5,a55 90
Return premiums ......... 13479 OF
1Os 1874 OF |
Net earned premiums Observation-Disclosures. $344 254 -
Losses, etc. paid during the same period
Fire risks--..-... $42560 IA
River 31,470 IS |
Marine. ..-......- 1854 80 |
$9O572 SO |
Reserved for uH-
adjusted losses 81, 700 90 |
$124,272 50
Add |
Reinsurance. $19 400 81 |
General expenses,
taxes, Board Of |
Underwriters,
etc. 53S33 90
1884 Il
Reserve fund .-.. 10000 90
Interest on CAPT.
tai stock. S49,5 48
Less
Discount and in
terest....-.-.- "a 629 SO
s222,5l5 50 |
Actual net profit ..$l 21, 1873 81
The company has the following assets
estimated at thor market values:
Stocks and bonds. Observation-Disclosures. s34o, 416 rs
Loans on mortgage. Observation-Disclosures. 32e4O 81 |
Loans on pledge ACKNOWLEDGEMENTS. 3s,17s AZ |
Bills receivable. ACKNOWLEDGEMENTS. 9,666 90 |
Premiums in course Of collection. .,. 40 SOC "a |
Cash on hand. Observation-Disclosures. 1863, 1888 10
$625, AL II |
The above statement is 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 10 and subscribed before me, this 18th day |
of January, 1876.
ALFRED NGRAHAM.
Notary Public.
The Board of Directors, at a 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 on and after MONDAY, the
gath day of January, 1876
DIRECTORS FOR 1876
Jno. G. Gaines, Richard Flower, j. L. Harris,
4. J. Hart j. Weis, D.A Chaffraix
by Renshaw, B.W. Taylor. L.Alcus.
Hugh Wilson, &c. Norris Isaac L. HAS,
B. Biscoe. James I. Day, Scott McGebe
A. Baldwin, Lionel c. Levy, Gee. Jonas.
Chas. Macready. Emory Clapp. D. Fatjo
W. =. Seymour. T. Z. Airey. jail I'm
EIGHTEENTH ANNUAL STATEMENT
HOPE INSURANCE COMPANY
NEW ORLEANS.
Omce..,.....NO No. 125 Common Street.
In conformity with the requirements of their char.
ter, the company publish the following statement:
received to December 81, 1875. $177 7O7 81
On fire risks. ...-........ $127, SAB 90
On marine .--............ 1916 ~
Ga river. 32,41S %
Losses paid during the same period, viz:
On fire risks s23,972 46
On marine. 1925 81
On rivers.. 1850 O5
Less rebate..... saO,s76 O6
State and city IL
and tax
esOncapital and
real estate for
1874 and 1875 1913 80
49,. 1864 %
Rent 1907 81
Return premiums 1,056 81
Profit and loss,
expenses lessn-
terest 1908 IS
1,439 Is
11767 q
Profits ACKNOWLEDGEMENTS. $50 $50 so |
Reserved for risks not terminated Decem-
Der 81, 1875 $259 500 40
Reserved for unadjusted losses .....--... 1851 II
Cash dividend of ten per cent declared
this day. ................ 10000 90
depreciation of assets. .... 1920 O5
s6OO3O so
The Company's Assets:
Invested in mortgage on rea! estate in
the ........ 1899 II
Bills receivable on pledges .. 1887 16
for premiums 1895 81