The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1896-02-28
Annual statement

For the year ending December 81, A. ID. 1895, OF
ance company Of America organized under
the laws of the state Of New York, made
TO the auditor of the state of South Dakota, IN
pursuance of the laws OF said state.
Attorneys for service of process in the state OF
South Dakota:
end circuit, j. Ii Clark, Sioux Fallp.
Bird circuit, G.. Il. Williams, WATERFOWL.
Attn circuit, Connor Cooney, Woonsocket.
5th c,rcnit. C. Z. Reed, Aberdeen.
9TH circuit, VIM. Slough, Pierre.
eth circuit, q. G.. Hunt, Rapid City.
9Th circuit, J. f.. Edmonds, Deadwood.
Organized or Incorporated September II, 1891
Commenced business September IL, 1891.
l. Capital.
Capital stock actually paid in cash -. 8 SOC, OOO.OO
?. Property or a.sets OF the company:
Cash value OF real estate............$ 2,Wnou
Cash In Office. I,S4.2I
Cash on deposit MISUNDERSTANDING. 3O2, i!5.ls
Rilis receiyshie &i5 81
Premiums in course Of collection. 2O,02e.U!
1868, 69s. SO
Interest dnc and accrued ............ 43,as 81
All other property 41.s7
Total 81 ,O39, ST. l6
"a b iabll.iies:
Capital stock actually paid in cash 500 o.
Surplus. 1,~5lS,@23.l4
Losses vet unpaid. 211, 3O1.S
outstanding risks 1853, 1855
e,c $500 10
above SOAR. 70
Total liabilities. 81. 0s9, $50. 46
4. Income Of the company during the year
1895:
Total premiums for the year 1895 81. l5s - s6
Total ceipt -. $2.276.l 3. OF
s. Expenditures Of the company during the
year 1885,
Losses paid l,l9O,9o l 70
Dividends paid ............. 6O,UO.OO
Commissions paid to agents ........ 324, 1883
Salaries paid to officers and employees l66, l5O.Ss
Taxes and fees to insurance depart
Other expenditures LIZ, AS. 81
Total expenditures. . 81 ,9Os, o9.'s
d. Risks.
Risks outstanding at the date Of pre-.
ceding statement. ............... 294 ,46O,Oo9.u
Risks written since preceding stat
Total risks 523, 4Sl ,O35.U
the year 1885 asa, s57 1890
! Net amount of risks in force........ 29O, 623 ,Os6 &C
| Compary's statement of business transacted
in the state of South Dakota during the veal
1895:
Premiums on risks writer ll,GlE
Amount Of risks written. ............ 4e6, Ns,!n
Losses incurred during the year..... s,S''6I
Ii sses paid during the year...... o,n''.o,
State of New York, county of New York So
}. A, Macdonald, president, and q. w. Burchell
secretary, of the Queen Insurance company Of
America, being duly sworn, depose and say thal
the foregoing is a full, true and correct
statement of ire affairs of said company. Ina
the said insurance company 1s the bona ,ndt
owner of at least one hundred thousand dollars
of actual cash capJtaf, invested IN state aAe
United States stocks and bonds, or In bonds and
mortgages of real estate unincnmb e-ed, and
worth double the amount for which the same IL
mOrtgaged, and they are the above described OF
fcer OF said insurance company,
}. A. MACDONALD. President.
6. W. BUKCHELL. Secretary.
Subscribed and sworn 10 before me, this BIRD
T. LIVING STONE KENNEDY.
(Sean Notary Public
The state Of South Dakota, office Of state audi
tor-Department OF Insurance. Company : Ger
tificate Of authority
Whereas, the Queen Insurance COMPANY, a cor
poration organized under the laws of New \ ork
has filed in this Office u sworn statement
exhibiting Its condition and business Tor thu
year ending December 81, 1895, couformable tt
the requirements of the laws of this state regu
lating the business of insurance; and,
Whereas, The said company has filed in mi
office a duly certified copy Of it's charter, will
certificate OF organization. in compliance VIII
the requirements Of the insurance law aforesaid
Now, therefore. !, j. K. Nipple, auditor OF TIT
state OF south Dakota, pursuant to the provis
ions of said laws, do hereby certify that tn
above named company lie fully empowere'
through it's authorized agents, to transact II
appropriate business of Fire insurance in thi
state, according to the laws thereof, until tn
31st day OF December, A. D.. 1896.
In estimony whereof, ! have hereunto act m
hand and zeal at Pierre, this Both day OF Jan
uary, A. d., 1896.
(SeaD J.E. NIPPLE Auditor.