The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-17
INSURANCE.
M ERCHANTs' MUTUAL INSURANCE COM.
PANY OF NEW ORLEANS,
IO4. Canal street. IO4
OVERWHELMED ANNUAL. HTATEMENT

EAN1 Of NEW OHLEANS,
IO4............ Canal street. ............IO A
TwENTY-THIRD ANNUAL STATEMENT.
In conformity with the requirements OF their
charter, the Company publish the following
statement:
Premiums received during the year ending
May 81. 1877. including unearned premiums
of the previous year
On Fire Risks. OBSERVATION-DISCLOSURES. 1851, 296 81
On Marine Risks. 2.473 90
On River Risks. Observation-Disclosures. 2567g 81
Total Premiums. Observation-Disclosures. A11 44g 80
Less Unearned Premiums. ..... 1915 90
Net Earned Premiums May 81,
1877. $685. 1884 80
Losses paid
On Fire Risks. 1867 SO
On Marine Risks. -........ 1902 30
On River Risks. .......... 1856 "
Taxes and expenses, less
interest. ............-.- 1888 80
Reinsurances and Re-
turned Premiums. 16.104 03- 1888 &C
Profit ............... $4,000 16
The Company have the following assets
Real Estate. $3.50 O79 40
City Bonds. NEUTRALITY-SUSPICIOUS.. 110419 so
Bank. Railroad and other Stocks
and Mortgage Bonds ........... 1929 Sc
Notes secured by mortgage. 214,042 O8
Notes secured by pledge .s......... 42,307 81
Bills receivable. OBSERVATION-DISCLOSURES. 1864 10
Premium in courseof collection. 49,0s7 90
Cash on hand. ACKNOWLEDGEMENTS. 77,007 80
Iotal.. $l.026.344 %
The above statement is q Just, true and cor
tron nj fheb IF tha
PAUL FOURCHY. President.
G.. w. MOTT 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 meeting of the Board of Directors, held
on the seventh day of june 1877. 1t was resolved
to declare 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 Stakeholder on demand
interest at the rate of five per cent per annum
on their stock.
DIRECTORS:
5 E. M A' SHsnii,raix. E.; T Bfsbe'
P. Fourchy, J. NJ. Allen.
s. q. Relf. N. ". Smith.
-. Charles Laftte, 2. Fatjo.
TWENTY EIGHTH ANNUAL STATEMENT
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 the 3Oth of April. 1877:
Fire premiums. .$18S068 81
Marine premiums. 1885 95
River premiums. ........... 81. 824 So
Earned premiums. less re-
insurance and return pre-
mluInS.. Z25236 10
Losses paid and estimated,
including all known and
unpaid. say:
Fire losses. ...... $67 1886 go
Marine losseS..... 1926 Al
River losses. 2561O 20
--$1O0.131 al
Taxes. expenses,
discount in lieu
OF participation,
etc.. .$51 1892 30
Less rents, salv-
age savings. etc. 11766 u
$4O,125 So s14O.257 on
Gross profits. $S7. 978 O8
OF which s56 5s7 35 is appropriated to balance |
of interest and liquidation of doubtful assets.
The company have the following assets
Bills receivable. ............. $68, 64s SO
Loans on Bonds and Mort
gage. ACKNOWLEDGEMENTS. &c, 943 80
$ 124,591 70 |
Loans on call ..........o....$ 74. 554 Is
- 13s, 400 SO
City Bonds. NEUTRALITY-SUSPICIOUS.. 72,055 90 |
Bank and other Stocks. 73,415 60 |
Real Estate. NEUTRALITY-SUSPICIOUS.. 139, 544 sc |
in course of Col
lection and Suspense Ac-
count Observation-Disclosures. 33.415 "a |
Total assets. 1851, 423 70 |
from the books Of the Company.
THOS. A. ADAMS. President.
HENRY Y. OGDEN, Secretary.
Sworn to and subscribed before me this nine
''|''''' N'' " e' W. B. KLEINPETER
Notary Public.
The Board of Trustees this day resolved, that
after paying the annual dividend of TEN PER
CENT CAPITAL Stock Of Company. that dividend
IF TWENTY PER GENT In cash be paid on
MONDAY. June II, to those parties entitled to
receive the same.
Thos. A. Adams, Fredk Camerden
Sam'l B. Newman, J. L. Harris,
SamI II, Kennedy, Andrew Stewart,
John Phelps, Joseph Stone,
Adam Thomson, George Martin,
Henry Abraham, Alfred Moulton,
Victor Meyer L. Jurey.
Edward J. Gay. Edward Nalle,.
Joseph Bowling, Geo. w. Sentell
Gilman Harnchafrn A Tayi |