Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1908-05-28
Cte FREE press
BY "A. o. sATTERLEE
PIERlRK SOUTH DAKOTA.
ANNUAL STATEMENT


Organized under the laws Of the State of
Wisconsin. made to the Commissioner
of Insurance of the State of South Da-
kota pursuant to the laws thereof Pres
ident.. William l.. Jones. Secretary. Os-
car Grie ling. Incorporated Feb. -,
1852. Co menced business April j, 1852.
Home oi.,ce. 542-444 City Hall Square,
Milwaukee,, Wis
1. CAPITAL STOCK.
Capital paid up in CASH.. s500.O00.0O
Ledger assets December 31st
of previous year. ....-...... 2.475,5S2,lO
II. INCOME.
Total premiums ........... 81, 4465s9,l4
Interest received ............ los SIS. 10
& Gross rents from company's
property, including amount
for company's own occu-
pancy .................., 4,11O00
Profit on sale or maturity of
ledger sets ...4....... 9O1.S5
Gross Increase in book value
OF ledger assets ... 10000
Toal income -. ........... $3.50, 2a.o9
III. DISBURSEMENTS
Net amount paid for losses. $500, 81
Advertising. stationery, tee
grams, telephone, express
and ega expenses etc.. sl.oa7.9a
Paid stef olders for interest
or dividends ......... G5,0o0. 90
Furnitur" fixtures, maps.
underwriters boards, fire
department fees. taxes and
expenses .........@,...5.... 2o,4S4.so
Decrease in book value of
ledger assets ............ s7,2ao.o 5
Commissions or brokerage. 3TS,6T9,9O
Salaries fees, etc, of Off
GERS clerks. etc.. o19.95
Rents, INCLUDING amount for
companies own occupancy. 100000
z Repairs and expenses (other
than taXesl on real estate. 1918 II
Taxes, licenses and insurance
departments fees ........... lo3s7Ol
LOSS On sale maturity OF
ledger assets ............. 1890
All other disbursements 49,. 81 .65S.0T
Total disbursements ...... s1.415, s.s5
Balance .....s............ SEGA. IT. "a
~. LEDGER ASSETS.
Book value of real estate url-
t45 1nCumDered .............. SlUo,U0O.0 O
Mortgage loans on real es-
tate first liens ........... Il, 1877, 744.21
Loans secured by pledge of
bonds, stocks or other col
laterals Observation-Disclosures. 100000
stocks. less interest ....... l,135, 80
Cash in company's ofice..... 1925. 20
Cash In bank and in trust
a ss%ssp balance. :..:: ~ s52 81 81
Other ledger assets ...S.... 1343.9T
Deduct ledger liabilities .... 124.G6l Sc
Total ledger assets ........ S2624, 21o.s4
NON-LEDGER ASSETS
Interest due and accrued. S29, sol %
Gross assets ....3.......a,... s2,65s, 1882
DEDUCT ASSETS NOT ADMITTED.
Agents balances ........... $4,7o2.51
Total ...................... S4,7ao51
Total admitted assets. ~. so,64S,9211l
" LIABILITIES
Net amount of unpaid losses
and claims .......4.5.i..5.5 $50, o4a GA
Total unearned premiums ~. 1,491, 700 90
- axes Que or accrued. so, DOC. 90
i + & l. ! Il ---
Total amount of ali liabfli-
55 ties. except capital. ..... ST ,G01;7 49, Ga |
Capital actually paid in cash $500 600 90 |
Surplus over all liabilities. 547 III Al |
surplus as regards policy
holders ACKNOWLEDGEMENTS. 1,047,1714 AZ |
Total .5....s........3..z S2,64s. 921 IL
vi. RISKS.
In force Dec. 81, 1905. r.. 500, All. AL |
Written or renewed during
B year OBSERVATION-DISCLOSURES. 162 656, 1872
Deduct those expired ana termi- r $500.
mated ....4........ 15O, y57 ,211 |
In force at end Of year. 49,. ~. s7319e,362
Deduct amount reinsured 49, 29O05,97O |
Net amount in force . :. .s244 II "a. 392
q SOUTH DAKOTA BUSINESS OF 1907. I
Risks written S534 3f9 on |
Premiums received ........ T57S rs |
IS Expenses incurred .......,., 2.3t1 40 |
Losses paid Observation-Disclosures. 6.2i3 06 |
Losses incurred ...s..... s31e06 |
y Amount at risk. $50, ....... Sol, 55a. 90 |
STATE OF SOUTH DAKOTA.
3 Department of Insurance
Company's Certificate of Authority
Whereas, The Milwaukee Mechanics |
insurance Company. u corporation organ |
& lied under the laws of Wisconsin, has |
filed in this office a sworn statement eX- 1
hibftlng Its condition and business for the |
year ending December 81, 1907. cunforma-
BILE to the requirements of the laws OF |
this state regulating the business of in |
surance; and
whereas. The said company has filed |
4 in this office duly certified copy of its |
charter, with certificate of organization |
in compliance with the requirements OF |
the insnraneaZltaW Il fercsaifi .a5z
Now therefore, l, O. S.. Basford, Com |
missioner of Insurance of the State OF |
South Dakota, pursuant to the provisions |
of said lawsaddG herah ..ffs the !
above named company is fully empow- /
cred, through Its authorized agents, to |
transact its appropriate business Fire |
and Tornado Insurance in this state, ac-
cording to the laws thereof. until the 31st |
\ day of December, A. D. 1903.
In testimony whereof. II have hereunto |
set my hand and official seal at Pierre, |
4 this 14th day Of February, "A D. 1905
(Seall 20. s.. BASFORD,
Commissioner of Insurance.
BY IL Al. Schubert, Chief Clerk,