Daily globe., 1879-02-09

HOWARD INSURANCE COMPANY. Principa
Ill Office, New York City. [Organized and Com
nlenced Business, April, 1921 Henry A. Oakley
accept service in Minnesota, l. F. A. Studdart
Paid up capital stock $500,O0O.
l. ASSETS
Value of uEincumbered real estate
Amount loaned on real estate security ''' ~
first iens).. ;.......:. :....: :....:... 41,s5o OF
Interest due and accrued on bond and
mortgage loans. Observation-Disclosures. 548 Q.
Market value of bonds and stocks
owned. -. NEUTRALITY-SUSPICIOUS.. $4,000 o(
Amount loaned on collateral security, GOO O(
Cash on hand and in bank. ...... 49,. 1900 At
Interest due and accrued on bonds and
stocks not included in market value 1912 q:
Interest due and accrued on collateral
loans. NEUTRALITY-SUSPICIOUS.. 80 2:
Premiums l IN due course OF collection 1868 81
All other property, rents due and
crued. Observation-Disclosures. 1,416 e.
Aggregate amountof all actual, avail
aDie assets. S........................ S75S. .G53 3(
ITEMS NOT ADMITTED AS ASS ETs
Balance due from agents and
others. ..................S1,2s ,2s5 90
2. LIABILITIES.
Net amount of unpaid losses. w 21431 8.
Amount required to safely re-insure
all outstanding risks. s............... 102,s7s 4
Total liabilities, except capital and
net surplus: ...:............... $124,310 2;
Joint stock capital paid up in cash. 100000 0(
surplus beyond capital. ............. 133,943 0,
Aggregate liabilities, including paid
up capital and surplus ........... S758253 Il
3. INCOME.
Net cash actually received for pre-
mums ;.....,. s191,es5 st
Interest and dividends received from ''' y
1neo%5 s 4s1sf fro% sn other g
Total income. mo...:..........::::: s22e,l62 o.
4. EXPENDITURES, 1878.
Net amount paid for losses. .......... 6s,7o1 &c
Cash dividends actually paid ~ 5O'O0O nc
Salaries OF officers, clerks and other
Paid for commissions and brokerage. a9 S5aa9 81 81
Amount paid for State, national and
~, 1ocal cthd taxes 5,54s s5
al o'noi expenditures. s............... q, ,199 %
Aggregate cash expenditures dur
ing the year. ar...................- S2o6,6os ss
S. MISCELLANEOUS.
Total amount of outstanding risks,
rdte Dec: 81, 1873: s2as44,s54 90
1zatiOn of Company to date .... 6416S94 nm
Total losses paid from organization of
Company to o,esats:: date :. s,4ls,8ls 90
Amount OF risks taken. $154,275 OO
Amount of premiums received A7o 1S
Amount of losses paid ........... TX sO
Amount of losses incurred, claimed
and unclaimed. ..................... Is sc
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 and busi
ness 1oI the year ending Dec 81 l878 and has other
wise fully compiled with the requirements Of the in
SuranCe laws of this State.
Now therefore, I, A. R. McGin, Insurance Com
missioner of the State of Minnesota do herebv Gov
tfy that the above named company is fully em,,owsr
ed through its authorized agents. to transact it's an
proprate business of fire insurance in this State nc
cording to the laws thereof until the 31st day of Jan
uary, A. D. 1880.
Witness my hand and official seal this 9Th day of
February, 1879. A. R. MoGILL
Insurance Commissioner