Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1892-03-31
ANNUAL srATEMENT.
For the Year Ending December 81,

For the Year Ending December 81,
A. ID. 1891.
OF the condition and affairs of the MILwAu-
KEE MECHANICS INSURANCE COMPANY, of
Milwaukee, Wisconsin. organized under the
laws of the state of Wisconsin, made to the au-
ditor of the state of South Dakota, in pursuance
OF the laws of said state.
President, Christian Preusser.
Vice president John c. Dick
Prneipayl oce and 4 street.
Attorneys for Service of Process In the State of
South Dakota:-
Second circuit. Mckinney & Allen, Sioux
Falls.
Third circuit, Peter j. Erie BrookinRs.
Fourth circuit, y. w. Johnston, Chamberlain.
Fifth circuit, Chas. A. Fisher. Aberdeen.
Sixth circuit, Slough & Nyc, Pierre.
Organized or Incorporated February H. 1859.
Commenced business April |, 1859.
CAPITAL.
| Amount of capital stock actually
paid in cash. ...................S 200,00O w
| PROPERTY OR ASSETS OF THE COMPANY.
Cash value of real estate owned
by the company. 10000 90
Cash in office. OBSERVATION-DISCLOSURES. 1912 43
Cash on deposit lscc schedule al '6.Sil IS
| Accounts mot over three months
old due from agents, net....... 50,0S2 IS
| Bills receivable for premiums not
| Loans on mortgages being the
| first lien on real estate worth
| III least double the amount
loaned thereon see schedule 81 93l,l62 80
| Looms on stocks and bonds held
as collateral security lsee
schedule "C ........., ....... 1880 90
| Stocks and bonds owned by the
company sec schedule I'D G11.gG 90
| Interest accrued on mort
Interest accrued on bonds
and loans .............. 6.3o5 90 2}.9sS 90
Total assets. ......... 1,S:A,l59 ~
LIABILITIES.
| Capital stock actually paid in cashS 2uO0o0 90
| Whole amount of losses yet rn-
| pnid, losses in process of adj
| jilstmcnt S33.SSj %: losses adj
| justcd to become due Sl64GS 40
| ana OBSERVATION-DISCLOSURES.
| Amount of losses resisted by the
| company, losses resisted $3o9. % h'.4nOJi9
| Whole amount of uncarLcd pre-
| miilms on all outstandng risks
| lSouth Dakota standard 40 per
cent?. ...................... 5sl.ioS 10
Total liabilities s 17l,S0s %
| INCOME OF THE COMPANY DURING THE YEAR lS9l
| Whole amount cash premium re-
| ccipts. not including premiums
| i'll hands of agents or in course
| of transmission S:ti!S3. IL
| Amount of premiums III hands OF
| agents and i'll course of trans
| mission SG2t't3 to
| Total premiums for the year
| 1881. SG25.iiO ,4........ .......- 625,4i0 "a
| Whole amount of interest re-
ceip,s -. -. .................. so.ss s.
| Receipts from rents. .......... 1900 6,
| Other receipts not included in
| above ........ ................. GA 81
| Total reccipts........ 70. 5l9 81
| EXPENDITURES OF COMPANY DURING YEAR 1891.
Whole amount of losses paid. .7665i so
| Amount Of dividends paid ....... 5000 90
| Amount of commissions paid to
agents ...................... 1868 OF
Amount of salar es paid to officers
and employees. ,.....-... 1910! Al
| Amount paid for return prcmi-
ums and cancellations and
| insurance deaucted above
S1lE!3 %
| Amount paid for taxes and fees
to insurance departments.
| state taxes Ss.2?i g., municipal
| 1886 Is; fees $3.l56 - -. -. !0,3s, IS
| Amount paid for prutipgand adj
vcrtiSing. and -. 49,.
| Amount of all other cxpcndi-
lures not included in above. 3i..'s9 93
Total expenditures 5,0.sl9 rs
! Net amount of risks outstanding
at he date Of preceding state
ment .................S 80 1896 90
| Gross amount of risks written
since preceding statement 800. '':'S..3ll 90
Total risks .............. 80. 1t.,O:I,.1OO 90
! Amount of risks cancelled dur
| ing the year 1891 and ...........
Amount Of risks expired during
the year 1891 ........ 4,.5l5,l5? 90
| Net amount of risks in forces 1G.54O,54i 90
| Comrany's statement of business transacted
| in the state south Dakota during the year
| 1881.
| Gross amount of premiums on
risks wri,,en.......... .........s 1924 %
| ,mnr,, ~, ~ 9 n,r foo. Nod
| ~ thn a ~, i,' of ' s,n,o ''' lsu
| Whole amount of losses accrued
| .mnrr; nf I,ssos orcrnnd nr;nr
| to preceding statement. -. !5iG %
| Amount of losses accrued subsc-
| WIN ~ a NV ~ 49, MA W
MIN, " ,ho vn,r W P"'" 5.m -,
,hn s,a, ". c Ief .'p''se" III
| ~ S'' e
COMPANY S STATEMENT OF Losses.
Whole amour, of losses paid dur
ing the year 1891 .........S ..o3, Cos 81
| Amount accrued prior to prccod-
| ing statement .. 23,3ll n
| Amount accrued subsequent TO
preceding statement. pH,143 So
| Whole amount of losses remain.