The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-23

Net assets, January ], 1895 $50, So, 39S So
Adj interest due ami accrued.
market values of stocks and
bonds over cost, and net de-
ferred quarterly and semi
annual premiums as per
ftenized statement, herewith. 1.6Ss. SIS 81
Gross assets. Jan. /, 1896. So. ia. ao5 80
Total liabilities. .............. s.. s5s.7l2 SO
Surplus. January 1, 1865 9, SIC, 20 IS
INTEREST.
We received for interest ard dividends
s.. ss9. $3.50; for rents. $26s, AZ. IS. On real
estate aoans OF $y7. is3. s4s.ls the overdue
interest at the end of the year was $685.
753. or as-loo OF per cent. Nearly all OF
tflis small percentage is on loans on city
property. On farm loans of 81. 2ss. ST % in
the corn belt only there was only $i2,-
10 overdue interest Our experbeuce has
steadily shown that the abs1ity OF good
farms, In good hands. in the right focais-
ties, to Ray interest promptly on a proper.
that il. a relatively small loan. IS Tess al
footed by hard times than 10 the; case
With city property OF good character and
OF the average variety: ard yet we loan
only iTlcsrses which are the great centegn
Of commerce. An our loans are very cor1-
servaTively distributed and placed.
On bonds costirsg SO. 81. SO. Is there were
two items OF Overdue interest. amounting
10 si.50o. Ore OF these Is on bonds OF the
city OF Austin. Texas. AMI tho other on
first mortgage bonds OF the Detroit, Lam
s@ng & Northern rasanoaI In neither case
do We apprehegst a fcse.
LOANS ON REAL Estate
We aca,ned ON real estate during tire
year 81, $50 90. 81: loans were pad amount
ing 70 s7os4eSas2.
FORECLOSURES AND SALES OF
REAL. ESTATE
II Is not 70 re supposed fssae over H. 900
loans aggrega1ing cver 81. 80. 800 could 20
strussSrs times OF protrartet and severe
:srsarc.as sez4ngency arxs depression with
out sosns defaults OF payment and tho no
eesssty OF enforcing car security in ssscn
caS~s During the year wr have taken IN
szrster foreclosure properly ccssang us az
decree s4s7 s1e. "a and have Sold proEersses
cgsssang Sss So s. leaving g net tnc-ease
ct reaa estate held a, a cost OF ssSS7 FL II.
OF shese sales siss.oss s. resresexssesf the
cost OF p~opertses wfsch WIRE entirely
closed out at saoa, 4s5 Is. a gasr over cost
ct N7.te.si. TIE rnraaznder represented
Gales Of parts q properties
W zk4fS VIC - 41S Ef14Ext~ NssS zS<<H,<<ssly o.
reasxang or our security and DO not wish
- hold psngerfy airy longer efAn Is neces-
sary - order 90 sell n 70 yvsir best All
vantage. We are governed by the face
tssat these srre nos the tines 90 press real
es-ase % sale except az sacrifice which
we DO rce need 20 .rzaie. We are strong
ssolse~s and can we'd s,wa2s q nuxrrszl
market
A tst ~ history VIII illustrate In II.
disastrous esesca8e tsTs-so wc took IN prrr,-
e~rses csssfsny 81 *. iss - ard valued By
the then trxsura-x,e commissions se Only
81. - 5ss %: out q witch properties cx1sx-
inx 60 s-zs vatpea ~ cry -. "a
ea1-ss esars been sold for NErgu. a
gain OVER cost % g. ss e6 - ard g. 49,
- "a over the conzzzsxsurer's vassm1scrL
And rssese rrcpe-sses csrns from soars
made usxsn yssssassors rerresent.n- TIE
great c4rrsEry imitation prevailing dssrsnx
ar. aetsr rss eva xar. and suGezfur or.