The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-10
INSURANCE

FACTORS AND TRADERS
INSURANCE COMPANY.
81. ....... .CARoNDELET STREET. ar
New ORLEANS. May II, 1877.
The Trustees In conformity with the charter
Of the Company publish the following state
ment of its affairs for the fiscal year ending 50th
April 1877, to wit:
Premiums for the year
On fire risks. ........s 329,5a5 20
river r1sks........-......... 2VbseV ~ ..a..- .
Marine risks....,.......... 37,223 3t-S5G7,767 10
Less
DIFFERENTIATED premiums.
Return premiums. .......-. 9.4s7 a. 98,815 ~
Net earned premiums ..-..-..-.-. s46s. o5t ga ]
Losses paid. to wit:
On fire risks. .s1oo,2s7 az
On river risks. 1O4, 500 40
On marine risks "a .70s 81 23g,675 rs
He-1nsuranee. ......... 9l,tg4 08
Rebate account .......s... u,746 "a
N. 8. Board Of Under N'''N' "
Gross general expenses. :. 3s.s49 A. $50, n2 ~
Add Interest and discount and saw
ings received. Observation-Disclosures. 5000 30
1901, 142 90 /
Less first semi-annusl interest paid
on Capital Stock. per cent, and
second now due. per eent..--.-. 100000 90
Net profits Observation-Disclosures. s1O1. f42 g5 I
Reserved to cover losses. ...... $4,000 90 /
Balance divided on net premiums,
1Sfb~f 1b,l4z yb i
The Company have the following assets. TO +
Cash on hand. ..................... 1919, os7 II /
Ace UNITS in course OF collection Sill 40
Bills receivable on pledge. ........... 4G5,537 60
Bills receivable for premiums. 26,O13 10 4
Bank and other stocks .......4.. 203,5 28 10 II
City, State and other Bonds. ........ 148,122 "a +
Bonds Of Masonic Grand Lodge of
Bonds Of Odd Fellows Hall Assooia- '''''
Bonds Of Association for the Relief
Of Jewish Widows and Orphans. $500 90 I
Real estate 77.010 81 4
Total. .................. ......S ,282, 9Os 60 4
The foregoing is true and correct statement 4
ltoiN 'i'0 D'oN' Ed. 4. PAfIFk1EY. President.
THos. Il. WALKER. Secretary.
STATE OF LOUISIANA, | Il
Parish of Orleans, City of New Orleans 4
sworn to and subscribed before mo this 18th \
0"' VI ''"'' &c: EDWARD IVY. Notary Public.
At special meeting Of the Board Of Trustees
held on the IN bgi Il was rsa2Yed t. RaE g
OF FIVE PER CENT to April 80. 1877, making
10 per cent per annum on the CAPITAL STOCK
Of TwGaTY p Yer cent to oekhoers o'9 the
amount ls3ss.5ss Oh OF their net participating
premiums for Fl The ef PA e1n41g April 81 ,s
JOHN CHAFFE Vice President.
THos. Il. WALKER. Secretary.
TRUSTEES.
John I, Noble. r. Lytt; Lyon,
} kaba Gff MsGIjts0 5 5ss"nb M n E2ya
]. i. Warren, W j. Behan,
r 7. Bqsknsr. b. 3; 7. Es hI
sa e. ff fs,9d"n''f c M% T S Ghas
John |. Adams. l.. G. ynrey.
Isaac Scherck, VIM. Hartwell.
4. t. Il. May M""S'0S' 4. 4. + +. . Janin,
s. f. Snowden. Joseph Bowling,
UNION INSURANCE COMPANY OF NEW
ORLEANS.
TWENTIETH ANNUAL STATEMENT
UNION INSURANCE COMPANY
OF NEW ORLEANS.
Published according to law and their charter
Amount of premiums received during the year
ending April 30, 1877
Fire premiums. Observation-Disclosures. s7o98o Is
River premiums. Observation-Disclosures. II .t83 IS
Marine premiums Observation-Disclosures. 5.972 45
ss8 OBS o.
Less return premiums. ......... ISL o.
87.z5s o. 4
Paid losses during the year 81
Fire losses. $4,000 s. II
River losses. ACKNOWLEDGEMENTS. 1880 81
Marine losses ......................-... 8,575 n
s4s.795 n
Reinsurances ................... 80. 26o7 81
Rent ........................-.-- $500 O Ri
Taxes. ..............-........... 90 q III
Rebate .....................--.. S,97 2EI
Expenses, less discount and interest. 10,7s6 Oh |
Reserved for unterminated risks. 1900 qTt
sss.S77
The assets Of the Company arc t1i
Loans secured by pledge. s,952
Loans secured by mortgage. ...-..... 1880
Bills receivable for premiums. 500
Stocks, bonds and other securities. 1A.O71
Real estate ACKNOWLEDGEMENTS. 1867 Z t
Premiums In course Of coection..... 16,407 /
Cash on hand. Observation-Disclosures. 95A +
s2f4202 N /
The above statement Is correct transcri |
from the books of the company. ibl
A. G. CHIAPELLA, President 1 I
J. M. CRAWFORD. Secretary. +
STATE OF LOUISIANA, / i
Parish of Orleans. City OF New Oileans 1
Sworn to and subscribed before me this Il Z 1
day of May, 1877. .f III
v. MAIGNAN. u. GALLY.
A. BONNECAZE J. BAYLE.
i, IL A., I