Daily globe., 1879-02-11

menced Business, April, 1925 Henry A. Oakley,
President; harles A. Hall, Secretary. Attorney to
accept service in Minnesota, I. F. A. Studdart.
Paid up capital stock, $500,000.
l. ASSETS.
Value of unincumbered real estate
owned. 5 115, 900 90
Amount loaned on real estate security
(irst lens>. >......................... 41,e5o 90
Interest due and accrued on bond and
mortgage loans Observation-Disclosures. 548 90
Market value of bonds and stocks
owned. -. ....................:... 55e,ess 90
Amount loaned on collateral security, 600 90
Cash on hand and in bank. ...... 80. 184O9 As
Interest due and accrued on bonds and
stocks not included in market value 1912 O5
Interest due and accrued on collateral
loans. ~ 25
Premiums in due course of collection 1964S 95
All other property, rents due and ac-
crued. NEUTRALITY-SUSPICIOUS.. 1,416 67
Aggregate amountof all actual, avail
able assets Observation-Disclosures. s75s,25s 80
ITEMS NOT ADMITTED AS ASS Ers.
Balance due from agents and
0'i0rS' q: 11AB1niT1Es. ESQ., "
Net amount of unpaid losses. ........ 21,431 80
Amount required to safely re-insure
all outstanding risks. ............... 1O2s7s Al
Total liabilities, except capital and
net surplus .............-. s124,31o %
Joint stock capital paid up in cash.. 100000 90
Surplus beyond capital. .............. 133,943 OF
Aggregate liabilities, including paid
up capital and surplus. S75s,253 80
3. INCOME.
Net cash actually received for pre-
miums ....:.............. $1916e5 SO
Interest received on bonds and mort
cages. Observation-Disclosures. 2,773 50
Interest and dividends received from
all other sources - ................ - s1,2a7 81
Income from all other sources. 3,4s4,9S
Total income. mo..............:. S22s,l62 OF
4. EXPENDITURES, 1878.
Net amount paid for losses. s............ es,7o1 20
Cash dividends actually paid. $4,000 90
Salaries of officers, clerks and other
Paid for commissions and brokerage. Is 939 SO
Amount paid for State, national and
local taxes. ACKNOWLEDGEMENTS. 5,648 35
| All other expenditures. ............... 24,199 %
Aggregate cash expenditures dur
ing the year. r................... s2oe,eos So
s. MISCELLANEOUS.
| Total amount of outstanding risks,
Dec. 81, 1878 s23, ,s44, 1854 90
Total premiums received, from organ
izatOn of Company to date ...... 6,4l6,34 90
| Total losses paid from organization of
Company to date: ..::.::::.....: s,41a,8le 90
6. BUSINESS IN MINNESOTA, 1878.
Amount Of risks taken. ....:..: s154,275 90
Amount of premiums received. $500. 1,479 10
Amount of losses paid ............... Is 80
Amount of losses incurred, claimed
and unclaimed 15 80
STATE OF MINNESOTA,
| DEPARTMENT OF INSURANCE.
Whereas, the Howard Insurance Company of the
State of New York, has filed in this department q
sworn statement exhibiting its condition aud busi-
ness for the year ending Dec 3 1875 and has other
wise fully applied with the requirements of the in
surance laws Of this State.
Now therefore, I, A. R. McGill, Insurance Com
missioner of the State of Minnesota, hereby GER
tify that the above named company is fully empower
3D. through it's authorized agents. to transactits ap
ropriate business Of fire insurance in this State ac-
cordng to the laws thereof until the 3lst day of jan
uary, A. D. 1880.
Witness my hand and official seal this Sth day of
February, 1879. A. r. MoGILL,
Insurance Commissioner