The herald. (Big Stone City, Dak. [S.D.]) 1883-1890, 1888-04-06
ANNt AL STATEMENT

~ IN ~ L "A - - n +. NJ T. y l.
For the year ending Dec. 81. A. d. 1887, of the
ondition and affairs OF the
Western Fire and Marine
INSURANCE CO., OF
Sioux Falls, Dal1.,
Organized under the laws Of the Territory Of
Dakota made to the Auditor Of the Territory Of
DAKOTA, iii pursuance of the laws OF said Ter
ritory.
President J II, Westover; Secretary, c. f. Nc.
Kinney: Vice President, Vim. Van Fps; Princi-
pal Oiilce. Sioux Falls.
Organized or incorporated JAM S, 1887 Com
menced business Feb. ), ls~7.
CAPITAL.
Amount Of capital stock actually paid
in .......... Slbu.NOu %
The value OF its r, al estate is..... lU,nr %
The cash on deposit in bank is....... i5,il1 t3
The cash III hands of agents and in
course of transmission is.......,,..... 22,o9l ST
Once furniture and stationary
s4,9l2 co. Sundry Bills Rec. s26i>5... 5,t-- Is
Stocks and bonds, amount SlS,ooo: TO-
tai par value slS,0N: total market
Bank stocks and Mortgages 10 secure
collateral loans, amount s3l,1.tt
total par value S5t,796, total mar
ket value 80, ,~2s amount secured
thereby .............. Opn, ~
Bill receivable lit4g 70
All other sums due the company ac.
Cumulatcd interest 2.r!o l5
Total ........... Sl5l6iV -
LIABILITIES.
Amount OF Losses get ulpaid--csti-
mated 1000 90
Amount OF claims tor losses resisted
by the company ...,............ .,..,.... Geo GO
Whole amount Of unearncd prem
iuns on outstanding risks........,. 2s. 40 10
Total liabilities s6e2 10
INCOME DURING THE YEAR 1887
Whole amount Of cash premiums
ceived...... slGl- to
Whole amount Of cash premiums re
ceivei on policies written in the
Territory Of Dakota So "A l,S6.
Whole amount OF interest money re
ctNtd......... Il -
Whole amount ~ income received
tro.n all other sonfccs-reuts... " %
Total income ...,,.,,... ............. ssi,76o -
ENPENSES DURING THE YEAR 1857.
Whole amount Of losses paid during
the year les7........... .......-.. sl9657 u
Amount OF losses paid upon risks ti
ken III the Territory OF Dakota,
Amount Of commissions and fees
pnii to officers and akents during
the year so7. is,7ls OF
Amount n taxes paid during the
year 2gi l.
Amount Of foes paid the auditor OF
the Territory of Dakota during the
Year ISL, (iot including taxes. % 70
Whole amount paid for salaries of
officers and agents during the
Year Isl, general expenses. 2ntsl II
/ " hole amount OF all other eApen1l-
lures during the Year lsh1, Alsce
lanous eSps printing oAt-ft...e....e u ~
Total expenditures .......... ........ s,6,ly9 ~
RISKS.
| Gross amount Of risks taken dur
ing the year lss7, s2,sl5. 72Is5o.
Gross amount of risks taken in the
Territory OF Dakota during the
| year 1857, u, le5ga'.
Whole amount oi risks outstanding. S2,22l,3o2
/ Whole amount OF loeses Incurred
during the year 1ss7, ineIndlng
those claimed and hot Yet due,
tnatca Ze,o1 :.
Whole amount Of Losses incurred
during tie year los,, including
those claimed and not yet dut, ii
the Territory OF Dakota ,l5- -
Number OF agents i'll the Territory Of Dakota l6i
| TERRITORY CT DAKOTA,
County ol Mlunehaha.
| j. II Westover President, ande T. Mckinney
secretary ot the Western Fire and Marine Insur-
ance Com npany, OF sioux Falls, being duly sworn
depost and 81! that the foregoing Is tull, true
ana correct statement OF the affairs OF said
| paly: that the sali insurance company is the
| bona iide oNnel Of at least one hundred Ihous
| and Dollars OF actual cash eapltnl, invested III
/ the State ana tinted states stocks and bonds, or
III bonds and mortgages 81 real estate anncun-
! beree, nnd Nuith double the amour, for which
tile Is l4tuitsagea, aud titeA are The uboNc
/ described 0siilel> II oali II .lraatc ooil laHy
| j Ii. NEsIuv III, President
q. +. lcnlH>4h secretary.
/ su44s yfibl aud swuin to b,telr this .sth
/ tsa! Js.h'.arS, -.
/ s!l.As T. Bl.AfvslT,
j seal. NJ DAsotd.
| I,nlt.rs OF Dakota, Auditors Ohlee, insurance
/ department.
/ j. taines 4 Ward Auditor Of the Territory OF
/ Dukota. do Hereby certify that tht above il II
! lruc#culS ot tic urigtnui statement now Oh lille
4 III Iii. \.
! III wll!..ss nh.1euf, | have hefeun,o set my
i hand .nd affixed the seul oi this ol.lce az Bis
mack this -itt day oi February. ls,s.
JANE, 4. WARD, Auditor.
/ lie TERRITORY OF DAKOTA, Ohee Terri,or
lul Aaol.of Department Ut Insurance.
COMPANY 5 CERT TllsATE % AUTHORITY.
Whereas, The Western Fire and Marine Insur-
anCe Company, corporation, OrghEiZcd under
the RAMS VI Dakota has ctl III this office sworn
statement exhibiting lta cUHultlon and business
\ Ior the Year ending December 3lst, 1ss1,
iollAnblc 70 the requirements o the laws OF tins
| Territory reg uaiIiig the business oi INSURANCE..
and
| Whereas The said company has fled in this
| office uuls certified copy Of its charter With
certificate Of aIGallAatlan. and has fully COM
pied with tile le4ulrell.its OF The Insurance
INV. aiorcsnld.
Now, Therefore. !, james A. WARD, Auditor OF
the Territory oi Iu.ota, pursuant To the pruSl-
.iors u said ANS 30 hereby certify that the
above -unued cotnpauy Is iulls empowered
through lis aLtLorlIei agents, 10 llunsnct II,
appropl nt; huslnes. nj Fire ami AnIlae llI,uf-
alice III this Territory. according = he law.
| thereof, until the 3i,l day vi Dc,enber, a -.
1ssa.
| III testimony whereof. l have herenntn set my
hand and u .n,ttek, this OF Feb