Daily Los Angeles herald., 1878-07-23
A Magnificent Insurance CombIn-
alton.

Lane Booker, her British Majesty's
Consul on this coast, as agent and
attorney; and Robert Dickson as
manager, with the Pacific Depart
ment office at No. 317 California
street, n splendid Insurance COM
bination has been formed, with an
aggregate capital of $4,000, 900;
embracing the Imperial Insurance
; Company of London, with S8,000,-
600; London Assurance Corpora
ton of London with capital of
"a, ,4S2, 750; Northern Assurance Of
London and Aberdeen, $4,000, 900;
and Queen Insurance Company OF
Liverpool with capital Of $40, ,0O0,-
600; and which, by reference to the
figures published below, gives evil
dence of the most powerful under
writing interest in the world; aud
most happily placed when the
names of those having charge OF
1t, are taken into consideration.
For the benefit of our many readers
and the general public, we give the
following epitome of the financial
standing and strength Of the Com.
panies as follows:
NEUTRALITY-SUSPICIOUS. COMPANY OF
| LONDON.
This company was instituted in
1903 and is located in London. It's
capital is $S,000,0o0, of which
$3, 500. 900 have been paid up in
cash. The assets of the Imperial
amount to $7,8ll,S59, which in
clude the very best securities OBJ
tainable, of which we may men,
ton $500, 16l 90 in real estate, and
SIS, 500, 1872 90, the cash market
value of all stocks owned by the
company, easily realized and made
available in case of emergency.
The Imperial has $79S,6 90 pre-
miums In due course of collection,
which are represented by the i'm.
mense business done by its vari-
GUS agencies, which are scattered |
all over the world. The liabilities |
OF the Imperial amount to $1,992,.
100 90, which is an Insignificant |
sum when the gigantic business of
eratlon. The income of the Impe.
rial for the past year was $3,065,.
SSO 90, for fire premiums, and
$266, ,OlO 90 interest on securities.
The expenditures were $3,349,.
1877 90 of all kinds, including
So, ,029, 79l 90 fire losses including
losses of previous years; $42O, 900 90
dividends were paid to stockhold-
ers. The running expenses Of the
company were $500, 4O6 90, which
is O little over rs per cent. of the
actual income and which Is by no
means heavy. The Imperial wrote
risks during the year amounting
to 81 ,092, ,204, 325. In force Decem-
Der 81, 1877, 1896, ,542,9d5. In Cali.
fornia $6,096, ,226. This is a first
class exhibit and one to inspire
thorough confidence OIL the part of
those desirous of avaiing them.
selves of thorough substantiability
and reliability in underwriting.
THE LONDON ASSURANCE coRpo.
RATION.
This company was established in
1720, some little time before we
paid much attention to underwrit-
ing matters. 1t is now 158 years
old. Its subscribed capital is
81 4S2, 740, of which amount lust
one half, $2,34l,375 has been paid
up In cash. Its assets amount to
$l5, ,246,7 1853 sc, and consists of val.
ues as good as sterling silver. OF
the amount $10,353,2 ,256 06 is on
bond and mortgage, So, $50, 703 25,
is the cash market value of ali
stocks and bonds owned by the
company. The Lendon Assurance
has but 1920, 1856 6s of premiums in
course of collection. The Iiabili.
ties of the company amount to
So, ,493, ,974 06, of which $9, 232, ,265 OIL,
is reinsurance fund. The income
for tho past year has been $3,042,.
756 27, and expenditures $2,731, 1873
OF, of which $537, $50 90 were divi-
dends to stockholders, and $707,-
$40 81 for losses. The losses in
CURED during the year were for
fire $435, $40 ~, marine $272,0 16.
Risks written during the year (fire)
1871 400, 100, in force Dec. 81, 1877,
$305, ,237, ,7G5. Marine risks $54,-
49, 1865, in force Dec. 81, 1877, $l3,
ASA The affairs Of this COM
pany have been admirably man
aged throughout, and the state
ment from which we quote, and
which can be found ia another COL
umn. Is full and complete evidence
as to the fact.
THE NORTHE RN ASSURANCE COM.
pANY.
The Northern Assurance Com
pany OF London and Aberdeen was
established in 1886, and has stead
lily increased in strength and busi.
ness. Its capital is $4,000, 900 90,
of which $3.50, 900 are paid up in
cash. Its assets amount to $Il,-
600, 351 II, and like the companies
above mentioned its securities are
of the very best description. The
company owns $287, 729 90 in real
estate, and has loaned on bond and
mortgage $2,695, ,266 OF. Cash mar
ket value Of all stocks and bonds
owned by the company $685..
8Ol II. The liabilities of the COM
pany are $3.50, 825 ", of which
81, 1929 81 are for Reinsurance.
The income has been So, ,333,-
994 %, of which $2,O18,591 So have
been for premiums, $751;, ,9O4 25 for
life premiums, $565, ,2l1 81 for inter-
est on bonds and mortgages. The
expenditures of the company have
amounted to $2,7l5,478 81, being
for fire losses 81, ,307, 1888 92, life and
inland losses $464, 979 20. Divi-
dends to stockholders $262,50O 90.
Fire risks written during the year
1857, III 900 90. In force December
81, 1877, $43S, ia, 900 0O; written in
California 81, l3l, ,066 90. 1t is said
figures do not lie, and we believe 1t
In this instance, for those we have
just quoted stand up straight in
the broad light of day, so that he
who runs may read.
THE QUEEN INSURANCE COM
PANY.