The Dickinson press., 1899-05-27

STATEMENT for the year ending Dec. 81.
a. d. 1893. Of the condition and affairs OF tho
Red River Valley Mutual Hail Insurance Com
pany of Richland county. Wahpeton, N. D.,
organized under the laws of the State Of
North Dakota, made to the Commissioner of
Insurance of the State Of North Dakota. in
pursuance Of the laws of said state.
VIZ w. fease
secretary !. Rowland
Principal .wahpe ct hoN N. D.
Attorney for Service in the State
of North Dakota: :
name
Organized or Incorporated. .1s-
Commenced business:
Cash on hand Dec. s1st, 1897, funds
OF 1897 and previous years. -. .........
Received from 1898 premiums and
Received from premiums and mem
berships. 1897 and previous years. ...........
Deceived from interest. 1sos.:::.... 1878
Received from accounts Of 1897 and
previous .,,,...,
Received from all other sources. viz.
'......... ........
Total receipts. .s4e, 1914. SO
Disbursements,
Paid for losaes. 1906. SOS, O7s.0 OF
Faid for losses. 1897, and previous
years
Paid for commissions to agents. 800. .$12. 3oo.7i
Paid collection Observation-Disclosures. LAG. 10
Patd adjusting expenses. ........ LOOT. II
Paid salary to officers, viz.
rIesiuent 100000
SSant'eer ''''........!.... .......
secretary ................... 10000
treasurer ................... 100000
- 50. $780, 90
Paid for clerk hire .,....,,
Paid directors expense. 100, 90
3aia LOT stationery and printing. $3.50
Paid for postage and revenue stamps 263.5
raid registers of leeds 1874. 70
AoVertlslng 1O5. 90
paia insurance department. ......... $3.50
Paid for publishing annual state
-Ment ,,,.
Paid for general expense. .... 164, 80
Saio Tor interest. $780, "a
Oiscouut ,,....
Rebate. or cash returned to policy
All other disbursements. viz... III
Total disbursements ........... $40, 1864
Assets.
Premium notes and memberships of
1898 unpaid. .$13. 2OD. IA
premium notes and memberships of
1SD6 and previous years unpaid... ..
Cash on hand and on deposit. ...... 3,623, %
Due from accounts, 1893. and previous
E,ra g., ......".
All other assets, viz:
Blanks on hand. 1870. 90
Total assets. ST., o2o.4s
Unpaid losses of 1898. .s25. OTIS. OF
Unpaid losses Of 1897 and previous
Years .......,
Due ~ agents. cocoon.
Unpaid salaries.
All other liabilities, viz:
'."..... ......,,
............. ......,,,
Total liabilities, .s25. o7s.o OF
miscellaneous, 1898.
Total number of policies issued,.. 400
total number Of acres Insured ......, 595. 400
Total premiums received during the
year IN cash and notes at an aver
age OF about lie per acre........ 500 Ia. 20
Total losses incurred ............. bO,156.11
Rebate to policy holders. per acre.. ..,.,,,.
Net cost OF insurance, per
TAT OF NORTH DAKOTA.
ONCE Of Commissioner of Insurance.
j.. geo. w. Harrison. Commissioner Of In
surance OF the State Of North Dakota. do
hereby certify that the foregoing is a true alb
stract Of the original statement now on Ale
In this Office.
my hand and affixed the seal Of this office at
Bismarck this 25th day of March, A. D. 1899.
GEO. w. HARRISON,
lSeai) Commissioner of Insurance,
STATE OF R Dakota
Onlce OF Commissioner Of Insurance.
Certificate of Authority.
Whereas, The Red River Valley Mutual Hail
insurance Company of Wahpeton, NJ. D., a
corporation organized under the laws of the
state OF North Dakota. has filed in this office
o sworn statement exhibiting its condition and
n sSM for the year ending December 81,
1898. conformable to the requirements /, 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 its charter with
certificate Of organization in compliance with
the requirement Of the insurance laws afore-
said;
Now. Therefore. I. Geo: W. Harrison. Com
missioner Of Insurance of the State Of North
Dakota, pursuant to the provisions Of said
avs. do hereby certify that the above named
company is fully empowered. through its au.
thortzed agents to transact its appropriate bust.
ness of hail insurance in this state according
TO laws thereof, until the 31st day Of Deem
Der, A. D. 1899.
In Testimony Whereof. I have hereunto set
my hand and seal at Bismarck this 9th day Of
March. A. D. 1890.
.@ GEO.. W. HARRISON,
tScal.) Commissioner of Insurance.