The Bottineau pioneer. (Bottineau, N.D.) 1885-1895, 1890-05-03

II NNUAL STATEMENT for the year end
ing December 81, A D 1889, Of the
condition and affairs Of the
BURLINGTON IMS.C0
Or Burlington, organized under the laws Of
the State Of Iowa, made TO the commissioner
of insurance OF the State of North Dakota, in
pursuance Of the laws Of said state.
President-John G. Miller.
Secretary-Jacot Alter.
Principal Ofhce-220 N. Main Street.
Organized or incorporated Dec q, 1860.
Commenced business Feb, 18th, 1851.
CAPITAL:
Amount Of capital stock actually
paidln cash ......... .......... $2UO, OOO W
Property or Assets Of the Company
The value Of its real estate is 1920 90
The cash on hand In its Office is 1923 So
The cash on deposit In bank is 1854 IS
The cash in hands Of agents and
in course Of transmission rs. SO. o03 1e
Loans on bonds and mortgage, be- g. ....
ing the FIRST lien on real estate
worth double the amount of
the sum loaned thereon...... 12s, 1872 81
Stocks and bonds owned by the ~
company, to wit: as per sched-
ule attached to original state
ment, total carried out at q
market vAlue........ 55,24s rs
Stocks held as collateral secur-
ity for loans, to-wit as per
schedule attached to original
statement-total carried out
loaned the reou. ............. 25,4 400 90
All other sums due the company,
bills receivable and interest 80
On loans...... ss,2e7 20
--
Total Assets. $3.50, 535 II
LIABILITIES;
Amount Of losses yet unpaid....$ 1880 70
Amount Of claims for Losses re-
sisted by the company, $3,376.
less Reinsurance thereon, 81 1865 1911 90
Whole amount Of unearned pre-
miums on outstanding risks,
less amt re-insured ........ 131, 916 SO
Amount Of all other existing
claims ......... ............. 1888 86
Total Liabilities: ........$l6O,45s 81
Income During the year 1889:
Whole amount Of cash premiums
received ............ ..... I'll. 1892 81
Whole amount OF interest money
~
Whole amount ofincome received
from all other sources ,....... - 6O2 90
Total Income. 1929, 1916 A
Expenses During the Year 1889:
Whole amount Of losses paid dur
ing the year 1890, less amt
received for re-insurance..... 77,7ss 81
Amount accrued prior to pre-
ceding statement,...$8,369 80
Amount of dividends paid dur
ing the year of 1880 ..... 10000 90
Amount of commissi ,ns and fees
paid officers and agents during
the year lsss............... 81, 1923 10
1889 Observation-Disclosures. $40 81
Whole amt paid for salaries ofof-
fcers and agents during the
year 29,370 "
Whole amount OF all other expendi-
lures during the year 1889 =. 1851 SO
Total Expenditures .........$ 207,8O4 80
RISKS:
Gross amc u 1T of risks taken DUR
ing the year 1889, $16,431, 700.
Whole amount of risks outstand-
ing less amt re- insured. %, 351,210 90
Whole amount of losses incurred
during the year 1889, includ-
ing those claimed and not yet
due .............$9O,92 9 IS.
STATE OF IOWA.
County of DesMoines. IS.
JOHN G. MILLER. President, and
Jacob Alter. secretary, of the Burlington
Insurance Company, being duly sworn, c.
pose and say, that the foregoing is q full.
true and correct statement of the affairs OF
said company; that the said insurance
company is the bona 6de owner of at least
One Hundred Thousand Dollars of actual
cash capital. invested in the State and
United States Stocks and bends, or in bonds
and mortgages of real estate u~ninoumbered,
and worth double the amount for which the
some is m%ortgaged. and they are the above
described officers Of said insurance com-
pany. JOHN G. MILLER, President.
JACOB ALTER, Secretary.
49, Subscribed and sworn &c before
SEAL. me this 23d day OF JAN, 1890.
~ P. G. HARPER,
Notary Public.