Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-03-10

Insurance Comm issioner Fowler, whose
Office Is in Laurel, was in Dover yester-
day week comforting with represen-
tatives Of the Commercial Fire In
surance Go. OF this city. relative to the |
value of the company's assets, about |
which inquiry had bean made of the |
commissioner. Recently Commissioner
Fowler, desiring to obtain positive in
formation concerning the assets which |
appeared on the annual statement filed |
with him, began an investigation. This
involved much correspondence, but did
not satisfy the commissioner, and 10
order to go deeper into the subject he
retained Thomas O. Frame. Jr., Of
Dover as counsel, to aid him. All the
willis his son, Edward Fowler, who is
his assistant, was doing what he could
to make the investigation thorough BY
writing letters to various points where
II was supposed information could lie
obtained.
Commissioner Fowler few days ago
notified Attorney General Robert G..
White OF what ne was doing aud re-
quested a conference. Accordingly,
Commissioner Fowler, his attorney,
Mr.. Frame, and MIR. White met at
Dover last Monday and discussed the
hthteuAt IL Whb huppUbtu lud1 Iub CUm
pany would be represented at the CON
ference also, and, as it was desirable
90 the part of those representing
the State to give the company an
opportunity to make an explanation,
and, as message had besn received
from the company's attorney that he
could not be in Dover until yesterday
week it WAS arranged that Commits
sioner Fowlsr and Attorney Frame
should give such represent ntives of the
company as might present themselves
an audience yesterday week.
Accordingly, G. J.. Sherman. score
tRry, and J. Rothschild, both of Phila-
delphia, and an attorney were on hand,
as representatives of the company yes
rerday week. They met Commissioner
Fowler and Attorney Frame IN the lat
ter's Office. After the conference Attor-
ney Frame informed representative
Of The Gazette that the matter had
not been settled. and, rs the reprs
ssntatives of the company had promised
that within day or two they would
deposit in some bank which would
meet with the approval of Commits
sioner Fowler the sum of s25, 600, a
reasonable length of time would be
given them.
The company is Incorporated under
the laws of ths State OF Delaware, the
charter having been passed on May
18th, 1897. Its provisions are quite
liberal.
THE ooMPASy's STATEMENT.
According TO the annual statement,
which was filed with insurance Com.
missioner Fowler this year, Amos Cole
is president and G. L. Sherman secre
tary. No name appears In the space al
lottsd for the Independent on thu
statement. According to printed state
ments, bearing date Of January LIST, 1888
which are in circulation. state that thu
principal Office is at No. 83S Market
street. this city, and that Rothschild 4
Co., rooms Nos. 10, 20 and q, Nos
All and 4l3 Walnut street, Philadel
phia, are general agents. The state
n.ent filed with Commissioner Fowler
which was sworn to by Mesars. Col
and Sherman before a Pennsylvania
notary public on January 25th, 1898
contains the following items:
Capital-Whole amount Of Joint stocl
= or guaranteed CAPITAL authorized
5000, 600; whole amount of capita
actually paid up in cash and securities
$l00, 600.
ssets-Value Of real estate owne
by the company (leas s., the amour
OF incumbrances thereon), as specific
in schedule, 90, COO; loans on inortpag
fduly recorded and being the first lien
on the fee simplel, upon which nc
more than one years. interest is due
SIG, 600; value of lands mortgagsd, o,
elusive of buildings and perishable in
9rovements, $40, 600; value of building
Aortgaged Ensured for 50, 700, S., oO(
Iotal value OF said mortgaged premis
$50, 600; account of bonds OF the Unita
States, and of this State and Of 9th,
States, and also OF bonds OF inco
porated cities in this State, and of a
other bonds and stacks, owned abs
lutely by tina company-Chicago JOLT
e. Western Railway Co., per cent fir
mortgage gold bonds, par vail
300, 600; market value. SOL, 600: INT
Friction Composition journal Bearir
Co., par value. 50, 500; market valu
81, 500; Green County Electric Co., d
value, S., 900; market value, So, U0
Omega Iron Mining Co., par yalu
3d. 300; market value, So, 300; total D
value, Sl1o, 800; market value, SOL, so
cash in the company's principal oific
S292. So; cash belonging to the compa
deposited in banks, Peoples & Amer
can Trust Co., s25, 493. 81; gross pre-,
iums las written in the policies)
course of collection, not more th
three months due, SO, 800. 10; bills /
ceiyable, not matured, taken for iii
marine and inland risks, 5000; amou
of premiums unpaid on policies issu
more than three months, 81, 200. )
Stockholders demand notes, slOO, OC
gross amount of all the assets OF {
company, 1928, COG. 81; amount viii
should DO deducted from the abe
assets on account of bad ana doubt
debts and securities, viz: From bi
receivable, 5000; amount of premium
unpaid on policies which have been
sued more than three months. 81, 200.
Liabilities-Gross claims for adj
and unpaid losses due and to beco
due (estimated), $500; net amount
unpaid losses (estimatsd, $500; or
premiums received aud receivable ur
all unexpIred fire. risks. running I
year or less from date of policy, incl,
ing interest premiums on perpetual 1
risks, Sl4, 777. 10; unearned premiu
t50 per cent. 81, 1888. SO; gross prem il
received and receivable upon all UNI
pired fire risks, running more than
year from date OF policy, S93G. 81; |
earned premims tpro rata) $3.50. 60; to
unearned premiums as computed abo
SO, 1863. 10.
Receipts during the year-qr
premiums on risks written and
neWed during the year, as shown in
hibit, So, POI. "a; deduct gross pre-
lums and bills in course of collection
this cate, Sl2, 020. IA; entire prsmiu
collected during tina yaor al lao