The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1910-06-17
ANNUAL STATEMENT
Fer the Year Ending December 31st,

ANNUAL STATEMENT
Fer the Year Ending December 31st,
4. l.. 1903
OF the condition of the
AMERICAN SURETY COMPANY.
Organized under the laws of the State
Commissioner of the State of South
Dakota pursuant to the laws OF said
state. President. Henry D. Lyman;
Secretary H. B. Zebely; Incorporated.
April IA. 1884, Commenced business,
April Is. 1884; Principal ONCE, 100
Broadway, New ,,, York City lily, n y
Capital stock paid up in
cash 70 o,VOVpu
s1st Of previous year. s.s55.4ssol
II. INCOME DURING YEAR
Net cash actually received
for premiums .......... 81, 10l .02e. s
Gross interest and rents. 412.625.i s
Profits on ledger assets sold
during the year, over cost 32,S62.00
Income from all other
sources ................. 21.7so.66
Total income .......... s3,22S.370.60
III. DISBURSEMENTS DURING YEAR
Net paid policy holders. s 402,3S2.O6
To stockholders for interest
on dividends ....... sl2,5OO.oo
Commission to agents ..... 1875, sc. 80
Salaries, travelling and all
expenses of agents and
agencies not on commits
sion account ............ SIS '"2.02
Inspections ............... l5.2s7.s2
Salari and all other COM
pensation of officers and
home office employees ....$ 292.699.57
Taxes. insurance depart
ment fees. licenses ...... 54,316.06
Rent. legal and 4 estate
expenses and taxes on
Furniture. hxtures, adver-
Using. general printing
and stationery ........ 44,5622O
Losses on ledger assets. 21,005. 90
All other items ........... 9l.233.57
Total disbursements -. 81. sos.s5o.l5
D'"e "; AssSTs ''0''0
Book value OF rra! estate.
less membranes $3.50. SO, 166, 047.S1
Loans on mortgage on real
Loans secured by pledge Of
bonds. stocks or other
marketable collaterals. 64,750.00
stocks owned ........... s.3oS.265.s3
Cash in company's Office. 6,52S.25
Cash deposited in ho ks. 813,S27.92
Premiums in course of COL
lection ................. 3S6,403.11
Total Observation-Disclosures. $7774,1 56.46
Total outstanding inter-
est and rent ............s 37,731.22
Gross Assets ............. Ssh. SS7.68
Unpaid claims and ex-
Total unearned nuns. sso,ss7.s7
Commissions, brokerage.
etc. -. 1l,35s.1s
Due and accrued for sal
aries. rent, advertising.
penses .............,:.. 1e5oooo
taxes and assessments. sl.752e2
Advance premiums ........ 45.141.51
Other items ............... S0562.32
Total amount of all LA
bilities. except capital
Joint Capital stock actually
paid up in cash ......... $500, 100000
Surplus beyond capital and
other liabilities ......... 3,127,839.32
VI RISKS
Risks outstanding at the
date of preceding state
RISKS written and renewed
since preceding statement 2.902,797.
Total risks .......... ,os2.1o
Risks cancelled and expired
during the year. 2.619.291.l5
Balance ................s2 .6os. 800. s5
Net in force s2.sos. 800. IS
BUSINESS IN TUE STATE o. SOUTH
DAKOTA DURING THE YEAR 1909
Expenses incurred ........... 1,1S0.27
STATE OF SOUTH DAKOTA.
Department of Insurance.
Company's Certificate of Authority
Whereas. The American Surety Com
pany, 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
Itnsurance: and,
| Whereas, The said company has filed
lin this office duly certified copy OF
its charter. with certificate Of organ.
tixation, In compliance with the re.
lqutrements Of the insurance law afore.
lsaid;
Now. Therefore. I. o. 8. Basford
commissioner of Insurance Of the STATE
;of South Dakota. pursuant to the pro.
visions of said laws. do hereby certify
that the above named company is FULLY
empowered, through its authorized
| agents, to transact it's appropriate
/ business OF Fidelity. Surety. Burglary
Employers Liability and Title Guaran.
tee Insurance In this state, accordins
to the laws thereof. until the 2Sth day
/ of February, A. d. 1911.
In Testimony whereof, have here
unite set my hand and official seal al
fierre, this 18th day Of February
(eeaD o. s. BASFORD,
Commissioner OF Insurance