The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-14

INSURANCE.
NINTH ANNUAL STATEMENT
FACTORS AND TRADERS INSURANCE
COMPANY,
Cnrendelet Street.
NEW ORLEANS, May 20, 1875.
The Trustees in conformity with the charter of the
| Company, publish the following statement of its
affairs for the year ending April 80, 1875 to wit:
PREMIUMS FOR THE YEAR.
/ On Fire Risks 1850, orb 80
On River RlsAs.........-.. 81 ,229 IS
On Marine Risks.......-.. 44,116 ii $685., 419 90
| LESS
/ DIFFERENTIATED premiums
Both April, 1S75......... s9,742 90
Return premiums. 1926 So 99,6 so
Net earned premiums 1885, 1852 40
LOSSES PAID TowIT:
On fire risks. .S134 3G7 30
River risks. 126, 4s2 50
Marine risks : 800 65-f269, 1908
Rereinsurance. ID 1863 62
Rebate returns--..... 1892 81
State and city taxes. 1918 IS
Gross expenses home office
and agencies. 80, S99 81
Pr0nt and Loss 1t, 03l 40 - $3.50, $50 60
Balance. OBSERVATION-DISCLOSURES. s145, 1863 So
Add interest and discount and savings
received. .........-...-.---.--.--.. 1o5,o54 81
sa5o,sa4 50
Less first semi annual interest on CAPT.
tai stock paid and second now due 10000 90
Net profits ACKNOWLEDGEMENTS. 14O,2a4 50
Less reserved for shrnkage in invest
ments. ACKNOWLEDGEMENT. 1904 50
Balance to be divided on net premiums
of 1s74-5 and unearned of 1s73-... $117,130 90
The COMPANY HAVE THE FOLLOWING ASSETS TC-WIT
Cash On hand ............ 1894, 4o3 Is
Accounts in course Of col
Bills receivable for loans
pledge OF stocks and
bonds. 1923 "a
Bills receivable at short
Observation-Disclosures 3sO114 Is
Bank and other stocks. 2ls 103 S.
Stocks fCity Railroads. 79549 66
City and other bonds 1106el 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 Orph2ns--.... 1000 90
Real estate .--........ Co. l35 Oo-sl 4s6, a15 Is
|
Capital stock. 81 100 900 90
Reserved for Unterminated |
Risks. Observation-Disclosures. s9,742 90 |
Unpaid dividends (includ-
ing interest and pre-
MUM dividends April
80 1879 -.....-....--.. 1T 655 %
Contingent Fund (surpus) 11e,sls 65-s1 4s6 215 81
The foregoing is true and correct transcript from
Eb. a PALFREY, President
THos. T. WALKER, Secretary.
STATE OF LOUISIANA I
Parish of Orleans, City of New Orleans. |
Sworn to aud subscribed before me- this I'D day Of
May, 1875.
EDWARD IVY. Notary Public.
At special meeting of the Board of Trustees held
On the twentieth inst it was 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, ($1, l00, 0OO) and CASH DIVIDEND of
TWENTY-FIVE PER CENT, to Stockholders on
the amount (S47l 769 ss) of their net participating
premiums for the year ending 3Oth April 1875 and
If their unearned participating premiums for the
yesr ending Both April, ls74
ED. A. PALFREY, President.
THos. +. WALKER Secretary.
MOSES GREENWOOD, Vice President.
TRUSTEES.
Noses Greenwood r. NJ Wamsley,
W. A. johnson, A. BrittiD,
John l. Noble, A. H. May,
John Chaffe, S. II. SnOwden,
Richard Mken, L. Lytt. Lyon,
samuel e. Moore VIM. G. Raymond,
7. l. Warren, James S. Pr1stidgeo
3. T. Buckner, Samuel F.. Boyd
;am1 Friedlender. Joseph McElroy, |
L. A. Yates, E. b. WheelOck,
TOhn I. Adams Cyrus Bussey,
saao Scnerck VIM. j. Behaa,
B. f. Eshleman. my23 I'm