The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1910-07-01
ANNUAL STATEMENT
Fer the Year Ending December 31st

ANNUAL STATEMENT
Fer the Year Ending December a1st,
a. Il. 1903
OF the condition OF the
AMERICAN SURETY Co.:PANy.
Organized under the laws of the State
of New York, made to the Insurance
Dakota pursuant to the laws of said
state. President; Henry D. Lyman:
Secretary, Fl: B. zebely; Incorporated,
April IA. 1884: Commenced business.
April, Is, 1884; Principal ohice, 100
Broadway NsW p1 YoIk CITY sntSc n: Y.
Capital stock paid up in
cash $2,500,O 0O.OU
Net ledger assets. December
s1s #. of p NeomE 6 ye4G:ii. S siS5I!4ss.o1
Net cash actually received
for premiums ..........$2,7O 1 ,022.4S
Gross interest and rcnts... 472,625.46
Profits OF ledger assets sold
during the year. over cost 32,962.00
Income from all other
sources 21.76O.G6
Total income 3,22S.2 $1,000
III. DISBURSEMENTS DURING YEAR
Net paid policy holders....s 4O2,3S2.O6
TO stockholders for interest
on dividends ........... 312,5Oo.oO
Commission to agents $3.50. 95,79C.30
Salaries, travelling and ali
expenses of agents and
agencies not on commits
sion account ............ SIG o92.O2
salari : and ali other com
pensation Of officers and
home office employees ....$ 292,699.57
Taxes. insurance depart
ment fees. licrnses....... 54,316.o6
Rent. legal and + ! estate
expenses and taxes on
Funrniturcs, iixtures. diver.
Using, general printing
and stationery .......... 44,562.20
Losses on ledger assets.... 81, 0O5. 90
All other items ........... 91,233.57
Total disbursements ....s2,3o9, 65o.15
n'''"'e ". iss+rs
less in~cumbranc"s 100. ,1Ge, o47.s1
estate. b .............. ss,sss.s4
bonds. stocks or other
marketable collnte"als... 64,750.00
Book value of bonds and
stocks owned ........... 3,303,2G5.93
Cash in company's Office. 6,52S.25
Cash deposited in b" Ks. S13,S21.92
Premiums in course of col
lection $50, 4O3.11
T Totai outstanding inter. ''4'h'''
est and rent ............s 37,731.22-
Gross Assets Observation-Disclosures
oipdiu ait SN-
penSes 553. 937.90
Total unearned pre- 7iums.. 1,330,3G7.97
Commissions, brokerage,
Due and accrued for sal
aries, rent, advertising,
agency and other ex-
penses .................. 12,5Oo,Oo
State, city. count. " other
axes and assessments. 31,752.92
Advance premiums ....... 45,14l.51
other items .............. 30,562.32
Total amoun of all liza
bilities, except capital
Joint capital stock actually
paid up in cash ......... $500, 100000
Surplus beyond capital and
other liabilities ........: 3,127,SS9.S2
vi. RISKS
Risks outstanding at the
date of preceding state
Risks written and renewed
since preceding statement 1902, 1882
Total risks ,22s, os2.1o
Risks cancelled and expired
during the year......... 2,619, 291.15
Balance 50, COS, soo.e5
B6 ISL n so IN THE STATE 81 s ;SSDigi
DAKoTA DURING THE YEAR 1909
EEisks written ...s5.0s2.
EXPENSES incurred ........... l,lSU.lI
Estate OF SOUTH DAKOTA,
Department of Insurance.
Company's Certificate Of Authority.
Whereas. The American Surety Com
pany, a CORPORATION organized under
the laws of New York. has filed in this
office a sworn statement exhibiting its
condition and business for the year
ending December 81. 1909, conformable
to the requirements of the laws Of
this state regulating the business Of
linsurance: and,
Whereas, The said company has filed
I'm this Office a duly certified copy OF
Hts charter. with certificate Of organ
ization, In compliance with the re-
quirements Of the insurance law afore-
said;
Now. Therefore, I. O. s. Basford,
Commissioner of Insurance of the State
OF South Dakotn, pursuant to the pro-
Visions of said laws, do hereby certify
that the above named company is fully
empowered, through it's authorized
agents. to transact it's appropriate
business of Fidelity, Surety, Burglary,
Employers Liability and Title Guaran-
tee Insurance in this state. according
to the laws thereof. until the 2Sth day
OF February, A. ID. 1911.
In Testimony whereof, I have here
unto set my hand and official seal at
Pierre, this 18th day of February.
A. q. 1910.
7 (1eal) o. S. BASFORD.
Commissioners Of Insurance.
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