The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-20
HIBERNIA INSURANCE COMPANY.
Office No. 81 Camp street.
JOHN HENDERSON, President,
T. IRWIN. Vice President
THOS. I. BRAGG. Secretary.

EARNINGS. .s1es ,o13
Losses paid. 1929
Net profits .a... sO,25s
At IN election held on Monday. The It'll instant
the following named gentlemen were. chosen
Directors OF this Company to serve for the ensu-
ing year:
z Irwin, John Henderson,
Thomas King, John g. Ryan.
Thos, & Gilmore. WI; CasteIl.
Will William Hart Enij r. dai,ehe
David Jackson, r. John H. Hanna
H Al Tsa p, .aS gsf sW Mp W.. } r2as
dent md TH0s., +. BRAdd. Secretary we're
unau imously reelected.
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
premiums paid by stockholders (making with
the rebate. 30 per cent on premums). Said In
terest and dividends to be placed TO the credit OF
Interest and dividends on full paid stock pay
able n eash at the office OF the Company on and
''''Yl : 'A' rios. r. BRAGG, Secretary.
New Orleans. May IS, 1877. ie3 I'm
T,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. 1871
Fire premiums. ........... .s1Ss,068 81
Marine premiums. ......... 29315 95
River premiums. .......... 81 ,s24 81
Earned premiums. less re-
insurance and return pre-
m1umS. ................. 228,I35 IL
Losses paid and estimated,
including all known and
unpaid. say:
Fire LOSSES. 1857 1896 so
Marine losses..... 1885 Al
River losses...... 25,510 20
------$100 13f 81
Taxes. expenses,
discount in lieu
Of participation.
etc.. ......... .sb1 .892 So
Less rents, salv-
age savings, etc. H. 66 70
- $4o12s IS s14s.257 on
Gross profits. $S7. 97s 08
OF which $50 5s7 85 Is appropriated to balance
OF intei lest and liquidation of doubtful assets.
The company have the following assets
Bills receivable. ............. 648 SO
Loans on Bonds and Mort
gage. Observation-Disclosures IS. 943 80
- 1A,59 10
Loans on call ............... s74,554 Is
Cash OBSERVATION-DISCLOSURES. 63.sl6 II
--s 1ss,4oo 80
City Bonds. NEUTRALITY-SUSPICIOUS.. 72,o55 90
Bank and other Stocks. 73,415 CO
Real Estate. Observation-Disclosures. 1854 &C
Premiums in course Of Col
lection and Suspense Ac-
count .-....... .-...-...-.. J3.415 %
Total assets $551, 423 70
The above statement is a true and correct
transcript from the books of the Company.
THOS. A. ADAMS, President
HENRY V. OGDEN. Secretary
Sworn to and subscribed before me this nine
W. B. KLEINPETER,
No.ary Public.
The Board Of Trustees this day resolved that
after paying the annual dividend Of TEN PER
Of Twenty PER UENT IN cash sha be psid ON
MONDAY. June II, to those parties entitled to
receive the same.
Thoss; A. Adams, Fred'k Camerden
Sam'l B. Newman, J. L. Harris
Sam1 d, Kennedy. andrew Stewart,
John PhelpS, Joseph Stone,
Adam Thomson, George Martin,
Henry Abraham, Alfred Moulton,
Victor Meyer, L. C. Jurey.
Edward Gay, Edward Nallei,
Simon FF oreheimer VIM II al Matthews.
Jos. b. Wolff. Paul =. Mortimer,
I. B; Post John y; Moore.