The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1910-07-21

N." 1s1W0 NVvUtAEMCV
COMPANY
Organized under the laws Of the state
Of New York. made to the neureaes
department. OF the State OF South
Dakota pursuant to the la.1 thereof.
President, Darwin F. Kn0itey:- Sec
Sfsss. s4s ;Y S&aesdwa N; N ss.'. e. H G;sy.
n. Y; Incorporated 1871; conunsnoed
Business 1916.
Amount Of GehfaAl Assets se3e
Sc = per Salancs) Deem
year ii. iNcoMh $40 ''70''4s
Iotal premium income ..$7t, ,625, o27.7e
Consideration for supple.
msniary f liz. s%ast not in.
Dividends left with asshe tS''''sN
at ss%H inssr. as': and rent: "a, ,s ss;ss::4{
Increase in book value Of
Ledser Assets ......::. %s.s75.12s.se
From Of ls ss6sr a scs4ss. ;.: :: \; :'ss:s;
Total Il, Income n ffs5ai;ai,;s,;;;;sss5.see5,54s.5
Net amo paid for losses
and matured endov.
For %annuities involving life ''''
s: $@;;:;s$:;? :; S:i $:i i. holder: 'sa!':;:!;;;;ii;;
Paid for claims on supple
! mentary contracts not In
volving life contingent
Expense Of nvestigation ~
and settlement of claims. piazza
Commissions and bonuses
Salaries and allowances for
agenciss. managers, ag-
ents and clerks ,..s..... 1,ss7.1o7.7s
Agency supervision. travel
! ing and all other agen-
cy. expenses .....:...:-. sss.sso.7s
Medical examiners fees
and inspection OF risks. 3e4,729.SS
Salaries and all other COM
pensation of of,cers and
! home ONCE employees 4. 1888, S6S.47
Rent. including amount fer
company's own Occupan
Advertising. legal expenses. i
printing and stationery.
Furnitapr rs'Asf fxtures and ''''"
safe ......... .......... sl,016.s7
and department fees 49,. s4s,s5z.s4
Taxes, repairs and expen-
ses on real estate ...... 8 1890 Is
Decrease in book value Of
Il Ledger Assets .......... 4,s42.s25.47
Loss on sale or maturity Of
| Ledger Assets .......... 973,6S
All other Disbursements. 713.S18.11
Total Disbursements SIS ,ass,4 1857
Balance 49,. ........ $3.50. SEA, so9.41
~. LEDGER ASSDTS
Book value Of real estate
unincumbered -. :...$11,7 u.s. 44.eA
Mortgage loans on real es-
tate, first liens .......... se.74s.27o.6s
Loans made to policy hoh-
ers on this company's
/; policies assigned as col
Premium notes on policies
Book value Of bonds and
Deposited in trust compau-
les and banks on interest s,597.574.S0
Cash in company's Office. 7,673.lO
Cash in banks ........... 1,939,197.2S
Cash in branch Offices and
Branch office baiances..... 47,2S6.i9
Total ledger assets ..5a.,ee4.sos.4
NON-LEDGER ASSETS.
Interest and Rents due .
Net amount OF uncoliected ''
and deferred premiums.. 1sse.s5s.ss
Gross Assets sees, 2e7,es3.5s
Branch Office debit bal
Book Value OF ledger assets
over market value ...... 3.444,17s.60
Total ....... .........s 3,95s.s97.59
Total Admitted Assets ;ssss,7es,2s5.s7
: Net reserve .;4se, sa1, 1890
| not yet due on supple-
mentary contracts not
involving life contingent
Total Policy Claims ..: s,,sso,75e.Ss
Due and unpaid on supple
mentary contracts not in
volving life contingent
PREMIUMS paid in advance "'
including surrender vail
uss SO applied .......... S13.932.9s
Commissions due agents on
premium notes when paid 47,O64.0e
Liability on policies cam
Salaries, rents. of,ce expen- --
ses. taxes, bills accounts,
i medical and legal fees
due or accrued .:....... 1,oo4.971.5o
Dividends left with the
un eomPeay interest ere and rent ls's'''i'
paid in advance ........ 2,139,147.12
Dividends or other profits
due policy hoiders -. 716,529.09
Dividends apportiOned 80. 8,844,108. 50
other liabilities .......... 1,559,195.S3
funds ........ ......... s1,oss .o41.77
Total liabilities $500. .5ss ,7es. 2s6.s7
= vi. II OF CERTIFICATES.
Policies in force December
81 of previous year....$1, 1913, 559,6e1
Policies issued and revived
during che year ........ 1es,155,7es
Total .......... ........2.l5s,7l 5,3e4
force during the year.. 1873, S06,137
Policies in force Decem-
s5 Ssf q IN THE srxrS i;s go ;SSs s SIS ~
DAKOTA DURING THE YEAR 1909
polksies on lives Of citi-
zsa.s Of said state issued
during the year .........$ 469,217.00
Losfss and claims incurred
during the year -. 23,616.13
Losses and claims settled
during the year ......... 22,246.41
Leases and claims unpaid
December q :.:........ 10000
premiums collected ....... 2O9,O92.l8
Expenses in South Dakota
during the year ........ 23,1S5.64
STATE OF SOUTH DAKOTA,
Department of Insurance.
Gompany's Certificate Of Authority.
Whereas, the New York IAfe Insur-
anoe &C., q corporation organized under
the laws of New York. has filed in this
omoe a sworn statement exhibiting It's