The herald-advance. (Milbank, S.D.) 1890-1922, 1903-05-08
ANNUAL STATEMENT
For the year ending December 3lst, A.
d. 1902, of the condition Of the
RankerS' Surety COmn0nV.

interest on loans ana mort
gages 1855 50
stocks and bonds.......... 1851 so
Interest upon other debts
due the company ......... l.24s.52
Income from all other
sources ................. 54fS
Total income actually re-
ceived during the year. in
caSh 800, '9o.oo
fncome 1868, 64s.e 90
III. DISBURSEMENTS DURING THE,
Net paid Observation-Disclosures. $63462
Commission to agents....... 3,3O7.42
Salaries, travelling and all
expenses of agents and
agencies not on commission
Inspections .................. 1905 SO
Salaries and other compen-
sation of officers and home
office employees ............ 17,o6SW
Rent, taxes, insurance de-
partment fees and agents
and municipal licenses..... 5,21S5S
Legal expenses ..........,.. 6O3.25
Furniture, fixtures, advertis-
ing, printing and station
cry I,3b941
All other items. ........... 2,990.75
Total disbursements ...... $50. 63s.7 3
Balance Coz, Ole. 20
Book value of real estate.... se5. 10000
estate, first E. .se.......... 2,225.O 90
Loans secured by pledge Of
bonds, stocks or other mar
ketable collaterals ....... 100000
stocks owned absoiutely.... 800. 1s1.17
Cash In cOmpany's otfice.... 50S.S1
Cash deposited in banks..... Is, 5952 %
Total SGO7, $40 90
collateral deposits ......... 10000
Net ledger assets. $6o7, o1o 20
Interest due and accrued on
mortgages and bonds and
Total net amount of out
standing premiums ........ 9,456. 70
Total assets ............... $6ls, so9.2s
Depreciation from cost Of
above ledger assets to bring
same to market value...... 2,7sS.13
Total admitted assets. ..... S6l7, o21.1
V. NON-LEDGER LIABILITIES.
Known or reported; proofs
not filed ................ S273.lO
Total gross premiums upon
all uneXpired risks, run
ming one year or less from
date of policy. ............. 2S,666.45
Joint stock cap
itals actually
paid up in cash $500, OO0.0
S Il rplus beyond
capita al and
other liabilities. S. s1. CO. 5ss, 0s1 co
Aggregate amount of all
liabilities, including paid
up capital stock and net
D'"0 vi. Risks.
Risks outstanding at e the
date of preceding state
ment 763,334.7s
Risks written since preced-
ing statement ............. Il, $50, 1858
Total risks .$13, 325, 100. 90
Risks cancelled and expired
during the year ........... 2,1I4,11S.S5
Risks reinsureG during the
year 100000
BUSINESS IN STATE OF OUT
DAKOTA DURING THE YEAR. 1902.
Risks written ............... $l05, 10000
Premiums received ......... 234.5O
STATE OF OHIO.
County Of Cuyahoga-ss.
D. A. Macbeth, Second Vice President,
and Howard H. Burgess. Secretary OF
the Bankers Surety Company, being duly
sworn, depose and say,sand each for HIM
self says: that they are the above de-
scribed officers of the said company, and
that on the thirty-first day of December.
last. all of the above described assets
company, free and clear from any lens
or claims thereon. except as above stat
ed, and that the foregoing statement.
with the schedules and explanations
h~ereunto annexed and by them sub
scrihed. are a full and correct exhibit Of
all The assets, liabilities. income and ex-
pendltures and of the general condition
and affairs of said company on the said
thirty-frst day of December, last, and
for the year ending on that day, accord
knowledge and belief respectively.
d. A. MACBETH.
HOWARD Fl.
Subscribed and sworn to before me-. this
Goth day of January, 1908,
FREDERICK Fl. JOHNSON.
(Notarial Seal) Notary Public.
STATE OF SOUTH DAKOTA,
Insurance department.
/, H. G. Shobcr, Commissioner of In
surance of the State of South Dakota,
do hereby certify that the above Is a
true copy of the original Statement now
on file at this office.
In witness whereof, I nave hereunto
set my hand and affixed the seal of this
office at Pierre, this 10Th day of March,.
1903.
(Seal) II. G. SHOBER. i,
Commissioner OF Insurance.