, 1876-05-02

Duo for borrowed NEUTRALITY-SUSPICIOUS.. 2t,b1U
quo for commissions, brokerage, etc........ 1,7su
Total. ...........................s 2lu.47o
Premiums reccrod during tito year In ...
Premium. received during tic year ii '''''
INTEREST received iarn9 liz ssar. ii4fS
ExpEsplrunE1.
Losaes paid during tho year..............$ 3n.s7s
Commissions and salaries paid during tho
r;scs psid during ito ysar. iosn
Al other expepscs.... ..-...........,....... ,sW
Totsl expenditures. nrcs....................s 604,lo5
MItUkLLANEous.
Total risks taken during tho year In ILL.,
Total prsnuma received during tho yesr
Total iossea incurred during ts ,s.r il o Nv
rotal amount oi r.ia outstanding ls,ssiSit
TIE aEClETAnY's HTonY.
This statement doea not jlbe very we'll with
has given BY D1r. Walker. Tho Company, ho
said, waa started previous to the great lro Of
1871, and In that gcnoral destruction lost
e82 600. Shortly after tho Company reorgan-
hod under the prcsidouoy Of Mr. Clark. Tho
Company soomea to havo mat With roycrscb
from tho sta1t. In nn exchange OF stocka with thu
Frultport Magnetic md Sulphur Springs Company It
lest $4,000. In rcdecm!ua stock Issued by former
officers, the Company Lost $1,000 more. Then Whit
su Nelson Co.. the city agents, failed 10 ray over
como s. 900 IL collections.
However theso uttle triaea In part corrected,
and the Company placed ngalu fairly upon ita Plus
outside ~ na s 1s q juys ISL a' eaas ana
tias,ooo This large amouns was raid. md III M tlo 10
Cornpsuys Chicago losses have been adJuRted up 10
thsy .re rocent onss, moi yet dus All tod they ,,aso
adjusted aud paid over $3.50 ooo in loaa in ChlcnRo
IT, ,iS1 hs gsSa. s 1m the eaa
H. money, xhc vas Considered an
loan and Inalo preferred d0bt, payable out Of The
very fair.
aonc; lowering It from fA,o vpo % sao6,o0g thus
e "a h.s ao ss be eoaa 70
Ths Company iost about ST. oau in gold By the viz
u. been rsid. cside. other restraer. Tie coaceTn
sook ocean snd na1tne risis al Of which proved bad.
new Ftreman's Insurance Company, of thIi city,
which has patd,up capital Of 1000. This Globe
ss s.na sna o.sst
socretaty Walker further Btutcd TINT lie cartal ID
NJ gonc, and nothing Of will be left to tbs aock-
il @ TSe @ sseat S.ses bad tes ens UsFo rso
e,sa9 e d Tne oeean sna marine losses alone foot up
LIT Yoar On Il. companies doing ibat class Of Guaess
Tho marine Isks were msiniy taken through tho Hoa
fy nFrsSnt ~ tna M.tom. s 1ho @ ta'ter actier
Known Al N rinn nmtsrwritar' AZ ti ~ 1;i,
nnil .issaatnn III. ha1 +. r., e ry ianos.
Te 4rcs fro az snanS nose saea a,n suse San 3s1
rs uS In November i'll IN e. ri ~ t,, " Afu' t.
fhs from monsa to ,uonts soy n Insn 91.ansilx ,sr:
diminished, and tho percentage OF losses w.
bern XIX md re.lir sspnm ,n, n.e ey business ~
hde however, took more tSsn ill., reeen, Too,s.
we're Issued last week. but collections virtually
rsnuees .at Il a,sconnns u sne.p Unmpany foee!fSa
w ns taSom il not known hut thsra i, M dnt tnn
m A..igles viii Is arIsa for tosy IL &c court % ~ ' se
IlE fAGIs.
INC fe faeta IN regard 10 Tho Company aro about -
ron that titne anu some ycar1 afterwards was known
III L. sonss:d ~ u VII
,rani,-xor,h lo esn'. per aere: ny .ons assns /.
managed Ia do little bencss before the big tro, ami
Tue .mo Of th4t es,nsy had $50 700 s!ais on Chi
0sses With tic swamp lands. iiuly presenting policy
holdsEs with surplus Of wafer warerith To quelch
1ny fntNro nros Al this critical period tho OLD F!ru-
su,ion. sad il leading SPIRITS + Walker IN leaving
no aetunct corporation. eterrd Into the Olobc lusr.
sncn Company. Unatr Walkers management tho
uom1any WIN reorgaui.ed, uearge K. Clark WA
WALKER Socrctary. II VIA represented 10 = conaang
public that tho nominal capltal Of snUU actually
Ps!d IN by Tho npw ofkanizat!on, ana thai tlu
E0,G00 losacH hy tho great Irn were assumed
tnd paid tn full Tho Gtatement "a 10
s her item Ia probably correct. AZ tioso Of thelr
a1t years business they showed !: Wlulo pmount of
10; iosses III ls73, f;S93s premiums ro.eivsl ia
1onaed II cou,assio snd Salaries. sis.o57; t.1ea,
h1ai other expenses, fi5G0i: ratio IT e1petsrs to