The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-21

| rect transcript from the books of the Company
PAUL FOURCHY. President.
G.. W. NoTT, Secretary.
STATE OF LOUISIANA
Parish of Orleans. City of new Orleans. !
| Sworn to and subscribed before me the sew
| enth day of June, 1877. JAMES FAHEY,
Notary Public.
At q meeting Of the Board Of Directors held
on the seventh day of June, 1877, 1t was resolved
to declare o cash dividend of twenty per cent on
| the net earned participating premiums for the
year ending May 81. 1877 pay able on the third
Monday Of July next.
Also, to pay to the Stockholders, on demand
interest at the rate of five per cent per annum
on their stock.
DIRECTORS
s. 5; HAatopss aff'raix. H. l. T S2so9'
81. Relf. NJ ". Smith.
jes il. Fernandez
HIBERN1A INSURANCE COMPANY,
Office No. 81 Camp street.
JOHN HENDERSON. President.
T. IRWIN, Vice President.
THOS. +. BRAGG. Secretary.
Earnings. .st9s. 03s
Losses paid ACKNOWLEDGEMENTS. 1925
Net profits..... Observation-Disclosures. 60.25t
At IN election held on Monday, the 9TH instant
the following named gentlemen were chosen
Directors Of this Company to serve for the ensu-
ing year:
p Irwin, John Henderson,
Thomas King. John g. Ryan.
Thos. Gilmore w. ]. Castell.
y WI1a 7 4 Ha1f }a mij A. alrdPsr
David jackson, John II. Hanna,
i. j. Gasuuet.
r, A. A. meeting Of the Board, held May a. JOHN
dent. md THos., i; BRAGG. Secretary, were
;, The Board declared out, of the net profits of
the Company for the past twelve months 10 per
cent interest; also per cent dividend on the
paid up capital. and 20 per cent dividend on
premiums paid by stockholders making, with
the rebate. 35 per cent on premiums). Said in
terest and dividends to be placed to the credit of
the stock notes.
able in cash Mt the office of the Company on and
1THos. +. BRAGG. Secretary.
New Orleans, May Is, 1877. je3 i'm
rI'HE TWENTY EIGHTH ANNUAL STATE
CRESCENT MUTUAL INSURANCE COMPANY
New ORLEANS. May 10. 1877.
The Trustees, in conformity with amended
charter. submit the following statement of the
affairs of the company on the 3oth Of April. 1877
Fire premiums. .s1s8,068 81
Marine premums......... 1886 95
River premiums. ........... 81 9N IS
Earned premiums, less re-
insurance and return pre-
mlumS. .....-... 228.235 ID
Losses paid and estimated,
including all known and
unpaid say:
Fire losses. ...... $67 1886 60
Marine losses....- 1926 Al
River losses....... 25.51O 20
Taxes, expenses,
discount In lieu
Of participation,
etc.. ........... s51 800 80
Less rents, saly-
age savings. etc. 11.76G 70
- sto,125 IS s14o,257 OF
Gross profits. ss7 97s Os
OF which s56,5s7 IS is appropriated to balance
Of interest and liquidation of doubtful assets.
The company have the following assets
Bills receivable. ............ .$GS.648 3s
Loans ON Bonds and Mort
gage ..-.-..- 55,943 33
- 12f591 10
Loans on call .......-......- S74,554 Is
Cash ...... .....-...... 63,846 I'll
- 13s4oo sc
City Bonds. OBSERVATION-DISCLOSURES. 72o55 90
Bank and other Stocks, ~ 73,415 So
Real Estate. ..-.-..-......... 1854 &C
Premiums in course of Col
. lection and Suspense Ac-
count 33415 "a
Total assets....-....- 1881 42s 10
The above statement is true and correct
from the books of the Company.
THOS. A. ADAMS. President.
HENRY Y. OGDEN, Secretary.
Sworn to and subscribed before me this nine
~ W. B. KLEINpETER,
No airy Public.
The Board of Trustees this day resolved, that
after paying the annual dividend of TEN PER
CENT Gapital Stock Of Company. that dividend
MONDAY. June II, to those parties entitled to
receive the same.
Thos; A. Adams, Fred'k Camerden
SamI B. Newman, j. L. Harris.
SamI n, Kennedy, Andrew stewart
John Phelps, Joseph Stone.
Adam Thomson George Martin
Henry Abraham, Alfred Mention
Victor Meyer, L. .Jurey1
Edward J. Gay, Edward Nalle.
Joseph Bowling, Geo. W. Sentei.
Simon Hernsheim, A. Levi
s1mon Eorcheimer. VIM Fl. Matthews.
Jos. b. Wolff. Paul E. Mortimer,
X b. Post, John V. Moore,
Ed Pilsbury, W. B. Conger
Jno. E kink, henry N. Preston.