Centre Democrat. [volume] (Bellefonte, Pa.) 1848-1989, 1880-07-29
r e p O r T .


fully report:
That began Investigations Wednesday morning July a. $780,
s M g. n sspt 1 @ 1 1 The 5 3
g En- many % other facts which do mot mot h %
$780, showing the actual condition of the that
@ % ts g .as@ s snng % g % at the % s ms %
the @ % not get % in % reply our first
last till Friday morning owing chiefly the sickness and absence the
It's proper here order
accounts from the books would require much longer time than
ledger ob" aS WHICH % Gs zsa
the States which the company business This
ence p to many books land and to numerous accounts
made the duty of the officers of every insurance company the 3
the operations of the during the preceding var showing it's
entire available liabilities expenditure and
Habug The report made is to be verified by the 0ah Of the
by the Department for the Information Of the public and @
1 & ySS 1 the sad of the holding @ p % & We resTsd 7s %
the purpose ascerang the condition of the the beginning
DECEMBER & % spG above aRX all b 3 na as spn s @
this RS % u DnR sG" e e % d n as 5 P
made since agggang 81 of the premium We called the
replied that the ubhd report ~a @ @ p pgu % e
report made by the company but that was an inaccurate
show surplus We then asked report
attorneys Harrisburg the trial of suit
he g v State AMOUNTING o oO & & g "pn no WHICH
the State claimed accumulated liable
them procured from Forster the COMMISSIONS at Harrisburg Certified
report with published by Department report made
BY the Insurance copy report
certainly the 8 day December 1879 surplus 562
Secretary company this report shows that
puPord embrace all losses and liabilities company
In the made by the officers of the company the directors
b ap m 10 % per G s co.. COPY ii me t annexed
ance We inquired if the included
then outstanding in the liabilities of the company reply
outstanding day Deemb 1879 were reported by the COM
ny and the given that had the true the been
done business any the
important suppressed outstanding acpances
p d nS % n that R % e d % H n the
losses paid prior to the $lst day of December, 1879
. they exhibit IT, s," 5'S ;S%
s546229 report wholly incorrect and unreliable so far
pgrpos to show the liabilities of the company that day.
the % s G Of E y s sn aS s ns 4 % from @
with all hand available for the debts and losses
find the in the h of January in the of
all available hand To this added
e98s4 The cash policies in the State Of New York
Tes nss a s % " s s@d a @ m% " also be added
advertising adjusting salaries &C. of ssG24o3 which also be
amount to the sum Of s94 al4Ss i' 0 'O A. L. i0'
n ne p No.
s5ss us are Sn S be the SPPS nstsf 5 s nss ns @
Fs% & Ss' 81 10 s% % % Per Se n r nsS s1
it will the whole of this extraordinary
In the above statement there calculation made
by fire for all of which will continually
liability of the In addition this allowance has been made
for the payment of debt arising of the cancellation
which debt gradually hourly rapidly premium
certificates be signed and We have debt
thus far from the 2Sh of May last and have estimated
the cancel the cash policies still force and this
will amount o 100000
In this unvoabe condition of the
endavored the workings
of five and in order avoid the effects
1871 began the period the LIST day of Jaauay 1875 The
total fire risks
s5957550OO; of this $685. 62500 This would
make the proportion of the cash risks heefhs of
following is the result