The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-13

INSURANCE.
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 the following statement:
Premiums received during tho year ending May 81,
1875, Including Unearned Premiums Of the previ-
GUS year:
On Marine Risks o2,9oo III
On River Risks 1888 0e
Total Premiums. se7s, 100 %
Less Unearned Premiums. -.... 12l, 46s 90
Net Earned Premiums 3st May 1s75.... $3.50, 692 %
Losses paid
On FIRE RISKS .S2oIo44 II
On Marine Risks -.--.--.---- 4i,io2 ~
On River Risks 1884 Oo
1881, 47o 90
IaXo6 ACKNOWLEDGEMENTS. 30,UU9 20
Reinsurance and Return Pre-
miums ... $3.50 70
Expenses and fifteen por cent
rebate less interest. 54,93O OF
454, 26o 81
Profit slo2, 4s1 81
Real Estate s2s2 s14 43
City Bonds. NEUTRALITY-SUSPICIOUS.. 216 ITO 90
Bank Railroad and other Stocks 49, III 80
Notes secured by mortgage and pledge. 327 ~ %
Bills receivable Observation-Disclosures. e3, IL w
Premium in cousse of collection ~ 81 4O4 70
State Bonds. Observation-Disclosures. $50 o.
Insurance Stock. Observation-Disclosures. 49, 1874 46
Stock of Vallette Dry Dock COMPANY l6 400 90
Mortgage Bonds, Turner'S Association. 1900 90
Mortgage Bonds Odd Fellows Hall. 80. 5000 60
Cash on hand 1Gs,5o7 %
slaas 500 50
The above statement is Just, true and correct
transcript from the books OF the Company.
p. FOURChY, President.
G. W. Norr. Secretary.
STATE OF LOUISIANA,
Parish OF Orleans city of New Orleans.
Sworn to and subscribed before me the 18th day Of
June, 1875 JAMES FAHEY, n. p.
AT meeting of the Board of Directors held on the
l4th day OF june 1875 it resolved to pay to the
Stockholders demand, interest at the rate OF 10
per cent per annum on their stock.
p Maspero, Ed Toby,
S. z. Kelf, Nj. W. smith,
l. +. G Ta u; Fernandez,
Chas. Laftte je16 rs ly
T,HE NEW ORLEANS INsURAN NOE COMPANY
OF NEW ORLEANS, La,
Corner of Camp and Canal StreetA
ESTABLISHED IN 1905.
Income for year 1s74...--. OBS 10
Assets December 81, .s75s, $50 e.
The 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.
]. TUYES President.
DIRECTIONS:
W. B. Schmidt, A. NJ Bickhsm,
Plscide Forstall, AID Schneider,
II. Gally, Jules Tuyes
W. Van Benthuysen, D. Fatjo
Emile Bouny d. D. Rogers. fe3 1y
NEV ORLEANS INSURANCE COMPANY
Corner Canal and Camp streets.
FIFTEENTH ANNUAL STATEMENT.
IN conformity with their charter, the company pub
ish the following statement:
PREMIUMS Home and AgenoieS) DURING THE
YEAR ENDING DEC. 81, 1874.
IN nre rlsks...... .$4S5 l30
IN Marine rlsks--...-.-...... ee,9e2 %
On river and inland. 94394 So
Less reserved fer unterminated
risks December g. 1S74.... 166 COL 50
Return premiums. ............. 1929 90
Aos,67s IS
Add IS 1865 II
s5o4,oas 70
Deduct reinsurances As, 1o3 30
p Fire losses. t161, IA So
Marine losses. 57.i32 43
River ard in.
land l0sseA 81, 427 As
q General expenses--...... 5525e %
Taxes 19,4& 90
& Commission. $3.50 80
Rebate...... ......-...... 11494 80
Net profits. ~, 2o3 n
The company has the following ass t..
Cash. .................. ..... $oO,Uou ~
Premiums in course Of cellec
lection. ", l3j II
Pledges and mortgage 'tes.. 211, $50 "a
Bills Receivable fer premiums 12,4s1 o.
Bonds, city ard ether. 139, GIG IS
Stocks gas aid ether. 74,409 50
Agencies premiums in course
of transmission 9,767 81
Due by insurance compar ss.. 1880 81
Real estate. corner CAM and
Canal. Observation-Disclosures. 1852 n
Other real estate. 70,532 81
Branch office Third District,
premium Ia collection. 1,675 10
Suspense account. 3.070 16
-e75e $50 50
LIABILITIES
Capital stool. $500, 900 90
Reserved for untermiIated
risks, Dec 81, 1874.......... 16S, COL SO
Interest and dividends uncol.
lected OBSERVATION-DISCLOSURES. 6,737 IS
Claims against the company. 1888 70