Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-03-06
STATE HOUSE.
Insurance Commissioner Carr Issues
His Preliminary Report.
Arthur N. Douglass Elected TO The State
Board Of Agriculture.


agriculture of the county. for the term OF
three years dating on the third Wednes.
day of January of the present year.
This meeting was the second one that
has been held for the purpose of electine
a member. The former meeting was ille-
gal so it was claimed, from the fact that
the East Pittston society that was en-
| titled to representation, was not notified
of the meeting. At the former meeting;
Mr. Douglass was the choice. but it was
! thought better to have legal election.
hence the convention of Saturday.
| The meeting was held at the office of
the board of agriculture in the State
House, with ~ delegates in attendance.
| The East Pitston society had five dele
gates in attendance, the South Kennebec
had four, and the kennebec, had three.
| ID. b. Savage was made the president of
| the meeting, and G. r. Mansir, the sec
rotary. The choice Of Mr. Douglass was
unanimous.
The preliminary report of the insurance
department of the State of Maine, is out
for the year ending December 81, 1898
During the year the department has adj
mitted ten fire insurance companies 10
the State, with a cash capital of 81 900 900:
one life company. one miscellaneous
company and one fraternal company
In the same time six fire companies
with a capital of $S00,O00 withdrew as
well as two life companies, three assess
ment companies and one fraternal So
| ciety.
The report shows that at the present
| time there are doing fire and marine bust
ness in the State, AZ Maine mutual COM
panieS, two Maine stock companies, IS
stock companies of other states, and
three mutual companies of other states,
with 80 United States branches of COM
panies of foreign countries. There are al
SO one doing life and miscellaneous
business. one Maine life insurance COM
pany % life insurance companies of other
states % miscellaneous companies, two
Maine assessment companies and seven
assessment companies of other states.
Besides these there are four Maine
fraternal beneficiary companies and q
like companies of other states. This
makes a grand total of 237 different COM
panies transacting business in the State.
The long list of statistical tables show
that the aggregate amount of risks writ
ten by fire companies in 1898, to have been
$lS1, 9S2 12O.4S, for which there was paid in
premiums, sl.649. 35l62. which was an in
crease over 1897 in the risks taken of over
IS, OO0 600. The losses paid amounted to
$685., 1864, which was about $500, 900 more
than last year.
The aggregate marine insurance was
s24. 49, while the losses paid amounted
to 1874, 72O.54, which was larger by $500
than the losses of 1897.
There were 60,19S life insurance policies
amounting to $50, Cos S47.4l, issued during
the year, which was an increase of about
four millions over last year The premi-
ums received amounted to 81. 965, 1887; the
losses and claims paid amounted to
$685., 971.7S.
The aggregate risks written of the mis-
cellaneous companies was $2S,3S2, 547.3l.
The premiums received were 1874,
The losses incurred were $40,4 1882
The assessment companies issued 1914
policies during the year amounting to N,-
O5O, 500. There terminated during the year,
2466 policies amounting to $3,92S, 5000. On
the 31st day of December, there were 743j
policies in force, amounting to 1909, 25l.
One table is given showing the causes
of the fires, which was given in last
Mondays Journal and another that gives
the record Of the fires for the year. This
latter table gives the property on, or in
which the fire worked it's devastation.
giving the value of both the property and
the contents the damage, the insurance
upon it and the insurance paid. The esti-
mated value of the property where there
| was fires was .S5S 1929. while the fire
| damage was 81, $685. 4i3. The insurance on
| the property was 1894. 941.30. while the
| insurance paid was $780, 1856. 90. ~
| The report Of the commissioner Of la
Dor and Industrial statistics has become
almost exhausted. There We're $500 bound
volumes of this report as well as 500 pa
per covered books, and this it was
thought, would be enough. However,
| Commissioner Matthews has received so
great call for them that they have be-
come almost completely exhausted He
has now a large demand for them but
these who applied latest will have to wait
and take one of next years books.
| Commissioner Matthews, who was in
Boston recently, to arrange for the enter
| tainment of the labor commissioners of
| the United states, WHO Will Hoiu tilelT
annual convention in Augusta, next year.
saws the plans are abou, complete. They
will visit Poland Springs. Portland with
it's many attractions, Bar Harbor and
other points of interest in the State.
while they are here and they will find the
hospitality of the State of Maine fully
equal to that of any State they have yet
visited, which will be saying great deal.
The five following companies filed GER
tifcates of incorporation last week:
r. F. Homsted Co.. organized at Port
lland for the purpose OF manufacturing
| and dealing in dry and fancy goods, with
so 900 capital stock, of which $500 is paid
lin. The officers are: President, 7. Frank
Homsted of Portland, Me; treasurer,
| Asbury F. Waldron Of Portland, Me.
lCertificate approved. Feb. q, 1899.
washington Copper Mining and Smelt-
| inc Co organized at Eastport,. for the
n,irpose Of operating mines with $500. 0Gf
lcanitai stock, of which $25O, OS5 is paid in.
TIE nfsicers are: President, Horace G.
RmxtOn of PASSPORT. Me-; treasurer, Will
ian r Capen of Eastport, Me. Certih-
cate approved, Feb %, 1899.
Nesmith Company. organized at Port
| w 4ho p,,rnoSn of maunfacturiuE