Courier Democrat. (Langdon, N.D.) 1891-1920, 1908-06-18
ABSTRACT OF STATEMENT

For the year ending December 81, A. D.. 1907, of
the condition and affairs of the Mutual Bene-
ganlzed under the laws of the State of New
Jersey. made to the Commissioner of Insur-
ance of the State of North Dakota, in pursu-
ance of the laws of said state.
Observation-Disclosures Frelinghuysen
Vice Observation-Disclosures l.. Dobbins and
Edward r. Rhodes, lmathematician.)
Secretary,J. William Johnson.
Principal Ofice-No.1 30 Broad Street New
wark, New Jersey.
Attorney for Service of Process in tho State
Name-Insurance Commissioner
Location-Bismarck, n. d.
lncorporated,January 81, 1S45.
Commenced Business-April, 1s45.
ASSETS.
Value of Real Estate Owned by
Loans Secured by Deeds of Trust ''00'''2h %
or Mortgages on Real Estate. 5 $685. o8 SO
Loans secured by Collaterals. .... 1,1S3,55O 90
Premium Notes and Loan......... 5,157,55 50
United States Stocks and Bonds. liz, 600 90
State, City, County and Other
Railroad Observation-Disclosures. 24',06S,'9s9 %
cies. Assigned as Collateral or
Secured by Terms of Policy..... 1888, 697 10
Cash ON Hand and in Bank....... 1,243, $50 %
Interest Due and Accrued, ........ 1,198, 1926 %
Agents 42,107 81
Net Amount of Deferred and Out-
standing Premiums ............ 1886, 713 SO
Sill, SIG, 70S 80
UNADMITTED ASSETS:
Agents Debit Balances. S 44,137 30
Total Unidentified Assets, S44,137 So 44,137 30
Total Sill, 1881 90
LIABILITIES.
Claims for Death Loss
es, no proofs received.
lestimated) .......... $500, 900 co
Mat Endowments;
due and unpaid ..-..... 81 1859 90
Policy claims in process
of Adjustment, or adj
justed and not DUE. 1870, 313 10
Policy claims resisted
by the company ........ $500 90
Total Policy Claims,.--- $50. 2S2 10
Net present value of all outstand-
ing policies, -''Actuaries, 4 per
cent. American 3 per cent and
McClintock 81 per cent ....... .1o2, pa, 1884 90
Dividends due and unpaid........ 347,25 81
Taxes due or accrued. 250,O 0 90
Present value of amounts not yet
due on supplementary contract,
not involving life contingencies 976, III 60
Dividends payable in 1905, -. 2,476,0a4 60
Amount of all other liabilities. 222, 500 II
Total Liabilities, ...... -. -. S107, 1O6, 060 66
INCOME.
New Premiums. e.. S 2.503, 1856 IL
Renewal Premiums. 4 ,161, 074 90
1OUal... ......SlO,bO4,4 0U 10
Total Premium Income ............ 1864 3O 10
Interest and dividends received. 4,869,841 o.
Rents received. 12S, 1876 Al
Income from all other Sources. 1864 40
Total Income.......... ........S 81. 676, 262 OF
EXPENDITURES.
Paid for losses and additions ...... 5,407, 100 IL
Paid for matUred ~endowments
and additions ............. 1.4o5,O51 is
Paid to annuitant 168.434 TO
Paid for surrendered policies...... 1903, 1872 81
Cash surrender values applied in
payment OF premiums....... 1929 So
Dividends paid to policyholders... 2,239, 445 %
Cash aid during the year forlcom-
missions and salaries. 2,17s,SS6 10
Taxes paid during the year........ 472, 480 Sc
Cash paid for advertising printing
and postage. 1918 Z II
4.425 90
Real estate expenses. 3O,41S AZ
Legal expenses........... 4O,057 So
Mortgage loan expense. 121, 7O4 10
Miscellaneous office exp. SS.860 10 2S1, 040 81
Loss on sale of real estate S,475 80
Agency loss ........... 9434 1859 10
Premiums on bonds purchased. 1885, AIT 50
Amount of all other cash e1pendi-