St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-14

only had good news from the farmers
there would be more business done IN
the building trade, as well as IN all
others. This is undoubtedly true; but
if st. Paul can spend upwards OF fifteen
million dollars on building improve
ments in one season, and that in the
face Of bad crops and uncertainty, the
question naturally arises as to what can
she not do providing the farmers have
bOuntiful harvest this year and GOOD
prospects for another next year? we
must wait and see, and trust IN our
business men and our native push ana
enterprise. What other cities can DO
st. Paul can do, and if she was fourth
on the list of the great building cltles OF
America two years ago it is safe to eX-
pect that she will push her way still
further ahead before long.
INSURANCE STATISTICS.
Some Valuable Summaries From
the Commissioners Annual Re-
port.
Insurance Commissioner Bailey yes
terday issued his annual report in vol
ume form. The report covers the pc
Rod from March l, 1883, to March l,
1889, and in the preface the commits
sioner makes the following pertinent
references:
The year 1888 was a prosperous one
for all classes Of companies, so far as
this state was concerned. Although
there were numerous CONGREGATIONS IN
the larger cities the losses sustained
were small, and instead of a positive
loss on the years business, as was eX-
perienced in the year 1887, the compa-
MES enjoyed substantial profit. There
was one failure among the fire compa-
MES, namely, The Insurance Company
of Dakota. located at Sioux Falls.
There are, including the two real es-
tate title insurance companies. 249 conf
panies, other than life, in operation in
| the state.
The business of the fire insurance
companies operating in this state during
the past year has been of very salts
factory character, as the amount of i'll
surance risks and premiums thereon
have been materially increased over the
preceding year, while the ratio of losses
to premiums received has decreased.
The most marked difference is shown
in the business of the mutual COM
panies, whose losses during the year
1887 we're 100 per cent (or nearly twice
| the amOunD OF the premiums received,
while for the year 1883 their losses were
but Is per cent of the premiums.
The capital represented by the fire
and marine insurance companies which
are transacting business in this state
exclusive of foreign companies, which
do not report their capital-amounts to
fifty-siX millions five hundred and forty
one thousand (56,541, 000) dollars, and
the risks assumed by said companies in
this state during the past year were two
| hundred and thirty-nine millions three
hundred and Twenty-Five thousand
(239, 1926, OOO) dollars, while the risks as
sumed by the life insurance companies
amount to forty-five millions seven hun
bred and twenty-one thousand as, ri, ;
000) dollars, making total for the two
| classes of 1886, 051 900.
The losses incurred in the state during
! the past year amount to 81, 792.782 by
the fire and marine companies, and
S478,706 for the life insurance COM
| panies, making an aggregate OF suS-
tanned loss of s., 271. 400.
The report is replete with statistical
matter relative to the workings of lnsur-
ance companies in this state, which have
already appeared i'll the GLOBE.