Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1906-06-07
ANNUAL STATEMENT
For the Year Ending December 81,
OF the condition of the
MODERN WOODMEN or AMERICA.

MODERN WooDMEN OF AMERICA,
Organized under the laws of the State OF
Illinois, made to the Commissioner OF
Insurance of the State Of South Dakota,
Talbot, Head Consul; G.. w. Halves,
Head Clerk. Incorporated May 5, 1884.
Commenced business Jan. 2, 1883. Prin-
cipal office Rock Island. Ill.
BALANCE SHEET
Amount of net or invested
assets Dec. 81 OF previous
year ............ 1919. 81, 437, 47s.o7
INCOME DURING YEAR.
Gross ross amount ,n paid by mem-
its agents without deduc-
lions for commissions or
other expenses. as follows:
Mortuary assessments ..... $7,853, 7O6.83
Annual dues as per contract,
1n wha.svsr y ,t 71s.2 ssl g
Cash received from all other
sources .....,s............... ,1ol, s7s,1s
Total income ............... ss,5o3,9T .es
Total net resources. .,......... 9,941, 450.T5
DISBURSEMENTS DURING YEAR.
Loss and claims. 1919: S6.611, 36o,s6 Z
Advance payments returned
to rejected applicants. 4,6ss.53
Commissions and fees re-
taln"d by or paid to agents
on account Of fees and dues 2Sa, 52i,96
Salaries, ETC. of managers
and agents not paid by
: /. +.
Salaries Of officers. directors
and 'itors ............... 43.544.o3
Salaries and other compensa-
ton of office employees. ~. 15S, O9T.36
SALARY supreme M pdical d.
rec ,.....,,........... 12,6oo.0o
All RI'' o'SsF items: 4a a5.sasss
Total disbursements 81 ~, o64 80 I
Balance .,.......,,.5 ...... 2.sisT,3S6,39
NET OR INVESTED ASSETS.
Cost value of real estate In
brances Observation-Disclosures; ss21, ss4 40
hens> on real estate. furni-
Loans secured by pledge Of
bonds, stocks and other
bray ,ss,.....l,....,.,...... 5,ao5,ao
Cash deposits in banks on
emergency or reserve fund
account OBSERVATION-DISCLOSURES. 1914, 9S693
Tota, net or invested assets. s23s7, 1858
NoN-INEESTED ASSETS.
I !, :, yase,qod ............. s1o,do5.ss
Rents accrued ............... 5000
Total non -invested assets..,. Stn,Gaa7 ;s.;555
L.iaBlLITIEs. $500 -
Losses adjusted. due and un-
Salaries, rents and Office ex-
penses due and accrued.8.. 30,I0l.9 30
Total actual liabilities 21,226M
Balance, net assets. ..j...... 2,aT6,s16s0
CONTINGENT NIORTTTARY ASSETS
tOR RlaSOURCES1.
MortuarN assessments called
and not Vet due. ........f.. ss7O,oNo.o0
Net amount due from MEM
bers ......,......,.....'.'.... s7o,ooo.oo
CONTINGENT MoRTUARY .LIARILI-
TIES.
Losses in process OF adjust
ment ..........,............ 800, 10000
Losses resisted ..,.,..... 1880 IT,5u0.00
Total contingent mortuary
liabilities .,............... S56s. 10000
BUSINESS In SOUTH DAKOTA DUR
ING THE YEAR 1905.
Amount of policies issued
during the yeaf....,.. .s...... 81, sos, 900 90 4
Losses paid during year 14S, 10000 &
Total receipts In state during
Total expenses incurred dur
ing year ACKNOWLEDGEMENTS, S,472.56
THE STATE OF. SOUTH DAKOTA,
Department of sInsura nee.
Company's Certificate of Authority 81
Whereas, The Modern Woodmen OF
America. corporation organized under
the ,w sws q nos has sd q oas
ton and bsuiness for the year ending
December 81 1905, conformable 70 the re-
ulating the business of insurance; and
Whereas, The said company has flied 4
IN this office duly certified copy of its
charter, with certificate OF organization.
in compliance with the requirements Of
the insurance law aforesaid;
Now, Therefore, /, John c. Perkins,
Commissioner Of Insurance OF the State
OF South Dakota. pursuant to the pro-
visions of said laws, do hereby certify
that the above named company is fully
empowered through It's authorized agents
to transact its appropriate business of
Fraternal Life Insurance in this state
according to laws thereof, until the 31st
day of December A. D. 1906.
In Testimony Whereof, ! have hereunto
set my hand and offacial seal at Pierre
this 18th day of February, A. D. 1876.
(Seal.) JOHN G. PERKINS,
Commissioner of Insurance.
BY H. Il. Walseth Chief Clerk