Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-05-08

A NNUAL STA rEMENT for the year ending
"A December 81, A. D. 1SaI, of the condition
and affairs of the
~German-American ms. Co.
OF NEW YORK
Organized under the laws of the State of
New York; made to the Eommiss; oner of In
snrance of the State of North Dakota, in pursuance
of the laws of said State.
President. Emil Oelbermnnn; Secretary, james
cipal Office, ll5 broadway, New York.
Organized or Incorporated March 1872; CON-
menced business March I, 1872.
Capital.
Amount of capital stock actually
pad IN cash ........S 81 90 ,OOJ 0O
Property or Assets of the. Company.
! he cash on deposit in bank is.......$ 395, 675 -
The cash in hands of agents and in
course of transmission is......... . ,2C0 81
Stocks and bonds owned by the CON-
uHny as per schedule attached to
original statement--to al carried out
at market value..... ............. 1885, OF 90
Total assets 1850, s93 So
Liabilities.
Amount of losses yet unpaid. .......$ 1866 10
Amount of claims'f LOSSES resisted
by the company. 2O,623 50
Whole amount of unearned premiums
on outstanding risks ............... 2,0i2. l1S IS
Amount of all DINER existing claims. 63,g2s 80
Total liabilities ....... S2,3O3. 1874 81
Income During tn Year 1890.
Whole amount of cash premiums re-
Whole amount of cash premiums re-
ceived on policies written in the
state of North Dakota. .. S21. $50 93
Whole amount of income received
ftOm all other sou1c es =. ............ 23l, l2S 81
Total income .................. S. ,61a.34l 33
Expenses During the Year 1890.
Whole amount of losses paid during
the ye r 1890 81 ,S01. 445 81
Amount accrued prior to preceding
Amount accrued subsequent to pre-
ceding statement. =. 81 ,1l6. 1873 90
Amount of losses paid upon risks
taken in the state of North Da-
Amount of dividends puid fU during ig
Amount of comnissious and fees paid '''' W
TO officers and agents during the
year ls!D; O1,C3b 50
year 1880 IT,, Jos 26
Amount of taxes paid the State of
North Dakota during the year
Amount of fees paid the Commits
sioner of Insurance of the State of
North Dakota during the year 1890,
mot including taxes) ....... STAG 90
Whole amount paid for salaries of
officers and agents during the year
1s9,sO6 II
Whole amount of all other expendi-
lures during the year 1890. ........ 241,S49 Il
Total expenditures. -. ........... So, 1896, 24O "a
Risks.
Gross amount of risks taken dur
ing the year 1890. -. $500, 002, 242
Gross amount of risks taken in the
state Of North Dakota urin. the
w {sdt l am ;o;u;nrttofri.sik1s;; ou fstaiais
Whole amount Of losses incurred W
DUNG the year 1890, including
those claimed and not yet due. 1872, 432 50
Who @ amount of losses incurred
during the year 1890, including
those. claimed but not yet due in
the state of North Dakota ........ 3,742 %
Number of agents in the state of
North Dakota. ......"....S
STATE OF NEW YORK, (sa
County of New Yo:k. 8"
james A. Silyey, Second Vice-President and
Alfred NJ: Thorbwin; Assistant Secretary Of the
say, that thu foregoing is a full, true
and correct statement of the affairs of said COM
bona tide owner of ut least one hundr, d Thousand
dollars of actual cash capital, invested in the
state and United States stocks and bonds. or in
bonds and mortgages of real estate unincum-
Der d, and wort double the amount for which
the same is mortgaged, and they are the above de-
scribed officers of Is id insurance company.
JAMES A. SILvEY, Second Vice-President.
A. Nj. THoRBwIN, Assistant Secretary.
Subscribed andssworn to before me this 31st
day of January, 1891.
IsEALI JNo. L. CAMpBE. L,
Notary Public, New York County, N. Y.
STATE OF NORTH DAKOTA,
INSURANCE DEPARTMENT
l, A. l.. Carey, commissioner of insurance of
the state Of North Dakota, do hereby certify that
the above is a tr9e copy of the original statement
In witness whereof. ! have her; unto set my
hand and affixed the seal of this office, at Bis
[sEAL.1 A.. L. CARRY.
By l.. +. CoMsRFoRD, Chief Clerk.
STATE OF NORTH nAKoTA,
OFFICE OF COMMISSIONERS OF INSURANCE.
CoMPANY's CERTIFICATE OF AUTHORITY.
Whereas. the German-Am American Insurance
company, acorp. ration organized under the laws
of New York. has filed in this office a sworn etat.-
ment exhibiting it's condition and business for
the year ending December 81, 1890, conform
able TO the requirements of the laws of this state
regulating the business of insurance.: and
Whereas. the said company has filed in this
office a duly certified copy of it's charter, with
certificate of oreanization, in compliance
with the requirements of tho insurance laws
aforesaid:
Now, Therefore, l, A. l.. Carey, commissioner
of insurance of the state of North DAKOTA, pur-
suant to the provisions of said laws, do hereby
certify that the above named company is fully
empowered through its authorized agents, to
ance in this state, according to laws thereof,
until the S16t day of December. A. D. 1891.