The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1907-08-09
ANNUAL STATEMENT
For the Year Ending December S1st,
A. d.. 1905,
NATIONAL SURETY COMPANY,
OF the condition Of the

OF the condition of the
NATIONAL SURETY COMPANY,
| Organized under the laws of the State of
New York. made to the Insurance Com
missioner of the State of South Dakota.
pursuant to the laws Of said st Wiee
President. William J.. Griffin. Secretary,
Samuel H. Shriver. Incorporated. Feb.
"a. 1897. COMMENCED business. June
0, 1897. Principal' office, 346 Broad"ay'
New York. N. Y.
l.. CAPITAL STOCK.
Capital stock paid up in cash S5oo,VO.V
Net ledger assets. Dec. 81, or - on
previous year .............. $l,ol2,4oo.o1
II. INCOME DURING YEAR.
Net cash actually received
for premiums ............. tl.2s0. aO!tm
Interest 4I,on1.oo
1srnaf on ledger assets sold
during the year, over cost. 1886
Income from all otner ~
sources l53.lo
Total income ............ 81, $40. s0s.05
III. DISBURSEMENTS DURING THE
WEAR.
Net paid policyholders....... $685.. 5ss.7s
Commission to agents ......: 252.3so3'
Salaries. travelling and all
expenses OF agents and
agencies not on commission
investigation and adjustment
of claims and Inspections. 50.s4l.57
Salaries and all other COM
home Office employes....... 14s.5 o4.G4
Taxes. insurance department
fees. licenses ............ SO,3is.So
Rent. legal and real estate
expenses and taxes on prop
erty Shooo.oo
Furniture. fixtures. advertis-
ing. general printing and
stationery Observation-Disclosures. 2I,G92.A1
under cost 100000
All other 0,372.O3
Total disbursements ....... 81. 900, 1910
Balance 1892. 445.2s
w. ASSETS.
Book value CT real estate,
less membranes ......... s116.426.77
loans IN mortgage on real
estate 17.465.S5
Book value OF bonds and
stocks owned .............. LAS. 1878
Cash in company's ofiice..... 16.215.15
Cash deposited in Danks..... 27S,33S.52
Bills receivable .............. G.1O2.G2
Agents debit alances....... 214.59
All other items. ..,........ 9.553.G5
Total 81 1922. 445. %
Total net ledger assets. ...... 81. 800, 445. 2S
Total outstanding interest. S.1gG.15
Total net amount of out
standing premiums ........ 2l3, G22.47
Total assets ............. 81. TIA, 26a.oo
Accounts receivable. unse-
cured Observation-Disclosures. 375.o1
collection .............. oa, eos.s 80
Depreciation from cost of
above ledger assets to bring
Same to market value...... 5,G5S.G7
Total 500. 1913
Total admitted assets ....... So o4 1876. 60
v. NON-LEDGER LIABILITIES.
Unpaid claims and expenses. SHE, 97S.O1
Total unearned premiums. -. zoe, 097. 01
Cash dividends to stockhold-
ers remaining unpaid...... 100000
Commissions brokerage. etc. 81 ,4aO. 81
Special reserve created. ..... 10000 .OC
Reinsurance. etc, surety and
all other liabilities. ......... 1926 II
Total amount of all liabil-
tiles except capital stock. 1888, 100 s
Joint stock capital actually
paid up in cash ............ $780, oo.W
Surplus beyond capital and
other liabilities ............ go. 565. CT
vi. PREMIUMS.
Premiums outstanding at the
date of preceding state
Premiums written since pre-
ccdlng statement .......... 1869. 1909:
Total premiums ........... 50, s42. 21G.2
Premiums cancelled and ex-
pired during the year. ..... SLAP, 647.9
Balance s1,42o. 56s.a
Premiums refnsured during
the year ................. 1oo.a74.a
Net in force ............... 81. 400. 1914
BUSINESS IN THE STATE OF SOUTI
DAKOTA DURING THE YEAR 1906.
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