Oakes weekly Republican. (Oakes, Dickey County, D.T. [i.e. N.D.]) 1883-1898, 1890-04-18
ANNUAL STATEMENT

ANNUAL STATEMENT
For the year ending Dec. 81. A. D. 1889, Of the
Insurance Co., of Watertown, s. D., ganized
under the laws of the Territory of Dakota, made
to the Commissioner of Insurance. OF the State
said State.
President, Arthur G. Mellette; Vice-PresIdcnt,
Marck W.. Sheafe; Secretary, Edward G; Fahn-
estock. Principal Office Watertown, South Oak,
Organized or Incorporated Nev 0, 1856; COM
menced business Nov. II. 1886.
III. CAPITAL.
Amount Of Capital Stock actually paid
in cash. Observation-Disclosures. 100000 90
l. The value Of its Real Estate s...S 10000 90
2. The cash on hand in its office is.. 554 81
.. The cash on dep lsit in bank 1s.... 26,73S 67
q. The cash in hands of agents aud in
course of transmission is s......... 65, ,440 0S
5 Furniture aud Fixtures. es........... 366 90
6. Loans on bonds and mortgage, be-
ing the first lien on Real Esate
worth double tie amount OF the
sum loaned thereon. .............. 65,sl5 10
z. Bills receivable for prcmiums.... 5,44s 81
5, Stocks held rs collateral security
for lonns, to-wit: AS per schedule
attached to original statement.
Total carried out at market value 22 400 90
9. All other sums due the Company s,55s %
Total Assets 10000. .... .s1as, ,bo7 a5
v. LIABILITIES.
1. Amount of Losses yet unpaid. IS 4,158 43
2. Amount of claims for losses resist
ed by the Company ................ 1000 90
8. Whole amount of unearned pre-
miums Oh outstanding risks....... 1890 0S
q. Amount Of all other existing claims sos 70
Total liabilities. ........ S254o4 II
VI. INCOME DURING TIE YEAR 1889.
l. Whole amount of cash premiums
received. Observation-Disclosures. S39. gS3 C9
Whole amount of cash premiums re-
ceved ON policies written in the
State of Moth Dakota, 81. 1906.
=. Whole amennt Ut interest money
8. Whole amount of income received
from all other sources............. 1000 90
Total Income me.............. S5a.749 93
VII. EXPENSES DURING THE YEAR 1889.
/. Whole amount of losses paid dur
ing the year 1889 ........... ..... Fl 1888 81
Amount accrued prior to preceding
statement, S1.17350.
Amount accrued subsequent to preced-
ing statement, s20,664Sl.
Amount of o-ses paid upon risks taken
Sa,s6i.m. .'A'' u N'''n DAN''"'
Amonnt of losses accrued subsequent
topraceedng statement, S., ,66l.T
2 Amount of dividends paid during
8 Amount OF commissions and fees = '''~ "
paid to officers and agents during
the year 1889 ............ 1QS4 IS
4. Amount Of tuxes paid during the N' -
5. Amount of fees pnid Dakota dur
ing the year 1899 mot including
6. Whole amount pad for salaries of
officers and agents during thcycar
7, Whole amount Of other expendi-
lures during the year 1889 go. 3,7oO Of
Total Expenditures ..........a 1850 81
VIII. RISKS.
L. Gross amount of risks tukeu dur
ing the year 1889. $l4S9,591
Gross amount of risks taken in the
State of N0r:h Dakota during the
year 1889, S26O,805.
2. Whole amount of risks Outstand-
8. Whole amount of losses incurred
during the year 1889, including
those claimed and not yet due. 2.S23 "a
Whole amount OF losses incurred during
the year 1899, hciudi%S tnuse
clalmed but not yet due, in the
State OF North Dakota. ......... 3g3C OF
d. Numbered agents IN ,he State of
North Dakota, 50.
STATE OF SOUTH DAKOTA, l.s
COUNTY OF CoDINGToN, 'e'
Mark W Sheafe Vicc-P dent, and Edward e.
In .uranee Company, OF Watertown, South Dakota,
being duly sworn, dcpose and say, that the fo.c-
going is a full, true and correct statement of The
alars of sad h hcpmpany; that the = sad lnsarace
Hundred Thousand Dollars of actual cash capital
invested in the state and United states Stocks
Estate nEncumhercd. and worth double the
amount for which the same IL mortsaged, aud
they arc the above described officers OF said In
suyance Company.
MARK W. sHEATE, VICE PRESIDENT.
EDWARD q. FAHNMSTOCK, SEcY.
Subscribed and sworn to before me this 9th
day Of Jsnnary, 1890
LSeall a. j. FAuNEsrocK, Notary Public.
STATE OF NORTH DAKOTA,
INSURANCE DEPARTMENT.
IL, 4. l.. CAREY, Commissioner of Insurance of
3tR State of North Dakota, do hereby certify that
the above is true copy of the original statement
In witness whereof have hereunto set my
hand and affixed the seal of this office, at Bis
marck, this 18th day of March, $780,
,lSeal). Commissioner Of insurance
THE STATE OF NORTH DAKOTA, l
OFFIcE OF COMMISSIONERS LF INSURANCE. (
ComrANY's CERTIFICATE OF AUTHORITY
Whereas, The Watertown Fire Insurance Co.
a corporation organized under the laws of
the former Territory of Dakota, has filed in this
Office sworn statement exhibiting ts condition
and business FOR the year ending December 81,
1859, confOrinabe to the requirements of the laws
of his State regulating the business of insurance;
and
Whereas, The said company has filed i'll this
once duly C. rtticd copy of its charter, with
the requirements Of the insurance laws aforesaid;
Now Therefore, I, \. l.. Carey Commissioner
of Insurance Of the State of North Dakota, pur-
sllant to the provisions of said laws, do hereby
certify that the above named company is fully en-
powered through Its authorized agents. to trans
act its appropriate business Of hail insurance, in
Inns state, according to laws thereof, until the
3lst day of December, A. D. 1890.
In testimony whereof. have hereur to set my
hand and seal at Bismarck this 5th day of Feb
lSeaD. A T.. CAREY,