The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1910-10-07


thereof President sylvester Z. Dun
ham: Secretary, Louis F. butler; IN
corr Grated June II; 1863; Gommenceo
Business July /, 1866; Home once
Hartford, Connecticut.
I. CAPITAL STOCK.
(a) Amount of ledger as
sets cas- per balance) De-
cember 3lst of previous
Total premium income .ss,s76, s2o21
(c) Consideration for sup
Elementary contracts not
Involving life contingent
Gross interest and rent. 2,429,2S4S1
Increase in book value of
ledger assets .......... 6h6,Ial
Of Of ledger assets ........ 142.s5s.4s
From other sources ..... 679,S22.7S
Total Income .s1o,51s,245.7s
III. DISBURSEMENTS.
Net amount paid for losses
and matured ndowmentS$3, 512, 929.73
For annuities involving life
contingencies .......... 27.124.72
Premium notes voided by
Surrender values ...... 57s,429.72
Dividends to policy holders 54,S5O.46
Paid for claims on supple
mentary contracts not
cies ......... ........ 325,19s.95
Expense Of Investigation
and settlement of claims 1,447.94
Commissions and bonuses
to agents ............. 59S.4S7.59
in ADVANCE ........... 1.S94.o3
Salaries and allowances for
agencies. managers, ag
ents and clerks ........ 177,147.57
Agency supervision. trav-
cling and all other agen-
cy expenses ........,... 44451.35
Medical examiners fees
and inSpecLlOn of risks. 62,6S3.59
Salaries and all other COM
pensaton of officers and
home office employees. 17s.13174
Rent. including amount for
cOmpanyS own Occupan-
Advertisins, legal expens-
es. printing and station
cry and postage ....... 7s279o7
Furniture, fixtures and safe 11,63253
Insurance, taxes, licenses
and department fees.... 112,16227
Taxes repairs and cXpens-
es on real estate ........ 51,so3s5
Decrease in book value Of
ledger assets .......... 62s,9s5.25
Loss on sale or maturity Of
ledger assets ......... 3hSS41S
All other disbursements. G2.715.72
Total Disbursements. S6,665,94o.77
Balance ... So. 271. 5S4.S2
Home Office real Estates 95O.000.OO
Book value of real estate
unincumbered ..... 49,. 225,O25.O0
Mortgage loans on real es-
| tate, first liens. ....... 1S,7O4,424.40
Loans made to policy hold
erS on this cOmpany's
policies assigned as COL
lateral ................ $685. 93.so
Premium notes on policies
Book value of bonds and
Deposited in trust compan- 49,
| les and banks on inter-
est ......... ........... 519,5s7.5s
Cash in company's office :. 100000
| Bills receivable, net...... 4.245.74
Total ledger assets. -. $50. 271, 534.S2
| LEDGER ASSETS
Interest due and accrued$ 659,74654
Market value of bonds and
stocks over book value. 529,3S7.80
Net amount Of uncollected
and deferred premiums. S79,a7OS0
DED DI5 AssETs NOT A ss5iaig;1Ss9o
Bills receivable, net ......s 4,245.74
Total admitted n, assets I~t s54,sss,s4s2s
Net reserve ...... s4e,522, 49,. 90
Present value of amounts
not yet due on supple
xolving life contingencies 1892, 5s1 90
Total policy claims .... 139SS344
Due and unpaid on supple
mentary contracts not in
volving life contingencies 1888
premiums paid in advance,
including surrender VAL
ues so applied. ....... 7S,2263S
Liability on policies can
celled $500. .......... 100000
| Unearned interest and rent
paid in advance :....... 1e3,112.7o
salaries. rents once ex-
| counts, BONUSES, commits
| sions, medical and legal
fees due or accrued. 127,45s.oo
Amount set anart. ....... 84,S66.0
holders $685.. .......... 250,0O0.00
Dividends or other profits
due policy holders. 4.eO5.34
Other liabilities .. 2,155.76
Reserve. snecal or sur
:, rlus, funds ........... 10000 90