The weekly times-record. (Valley City, N.D.) 1912-1922, 1913-05-29
ABSTRACT OF STATEMENT
For the Year Ending December 81,
A. D. 1912.

For the Year Ending December 81,
A. D. 1912.
OF the condition and affairs Of the North Da
kota Mutual Fire Ins. Co. Of Valley City. or
Dakota, made TO the Commissioner of lnsur'
ance of the State Of North Dakota, in pur
suance Of the laws Of said state.
:. Commissioner of Insurance Of the State Of
said state.
presdent---F. w. Ncidcl.
lice.presidcn,, r.. T.: Mann.
Principal Office, Valley City, N. D.,
Attorney for Service of Process in the State
OF North Dakota:
Name commissioner Of Insurance, Location,
i-DALANcE SHEET.
ed assets December 3lst
OF Prriscs Si:' DURING YEAR S 1873
Gross amount due and
unpaid at close Of prev
ious year as shown by
last report ...........$,6,5l3.21
Deduct amount of same
not collected .........t 624.33
Ne, collected .......... 5,9SS.94
Gross amount received
during the year from
business written in 1912,
including notes and cash 66,5lo.H
Total ................S 72 ,5os.os ~.
Deduct gross amount of fs" , " I'D
premiums in course of r." .9a.
collection at this date :. 79n2.4a .
Entire premiums col. .~st. .-s t
lected during the year SG4,545.66 :.
Deduct reinsurance, g ~
bate, abatement and re- .4
tur1 premiums ID, .S3
Ne; amount actually re.
ceived for premiums -. Sol 1888
Interest OH real estate o..
mortgage loans ........ 153.02
Interest on certificates .,...
OF deposit ........... $4,000
From all other sources. 3t.46
Total :................S l,3lh+s 10
From all other sources,
viz: 0temizcd Profit and 49,
Loss account ......... 3,sjS.23
Commissions. collection E'r'
1ecS, etc ............. bl.2U
Total income during the j.
year ................. $5o,d75.$4
Total footing ........ $s7,dls.ls
iIl-DiSBURsEMENTs DURING TIE
~ YEAR. r..
Gross amount paid for loss
es incudng S2,37os6 81.
occurring i'll previous
year .................$ $40 ,S4S.93
Deduct amount received
tor saiVagcs .......,' 6,2'V.SS
Net amount paid during
the year for losses .s23,3ss.65
Paid Policy holders for
interest dividends, '..
S9,S44.19 for discount
2.lG3OG ............. 12,007.S3
Total paid Pocy.hold- .'
ers during the year, not
including amount paid
tor losses ........... .S3J ,6oO.oO ...
Commission or brokerage ~
to agents ............. 2.3S).H
Travelling expenses ?,636.0O
Salaries, fees and all other
$3.ss1.75; Clerks, $500;
other Employees, S3,225. s,575.75
lns. Dept. Fees and agents
Advertising, Printing and
postage, s425.os; Furni,
ture and Fixtures inter.
est, Sl03.36; Miscellan.
esus, S4;s.5s; Adjusting
S]10.5l ............... @,ool.h
Other disbursements, viz:
accounts payable ..:... sSS.92
Total disbursements dur.
ing the year .......... Ah3,Sld@@
Balance ...... $44,4ol. eG
''' T'Vi-NoN.iiNvESTEn ASSETS
Interest accrued .......S 1920
Commissions due ... 1891
Postage, mileage on hand 10000
Jota, non.investcd assets. S 1.OG5.?l
Gross Assets .... $45,461.l7
"'SS W V.>LEDit;ER ASSETS. "
Mortgage loans on real estate (Schcd-
ulc - first liens ,...............Sl0,3o .Os
Furniture and Fixtures ........... 2,209.G2
Cash deposited in bank, $23.929.os;
name banks and amounts) The
Bank Of Valley City. S2o.749.9s;
First National, Finley, N. d.,
81, 1000 ...................: @"'"."."s
AGENTS. debit. premiums outstanding 1862 2
Total NEUTRALITY-SUSPICIOUS.. ,4ol so
Total risks taken during the year. $50, 1870
Total premiums received during The
wear ............ ........:. "4,'1"'o'
Total losses incurred q during the
year ....'...:.. go. "i'
Total amount Of losses paid during
the year ............. .....'...' ~"'''''"''
STATE OF NORTH DAKOTA,
Office of Commissioner of Insurance.
|, W. &C. Taylor Commissioner of lns1r-
ancc of the State of North Dakota, do hereby
certify that the foregoing is a true abstract Of
the original statement now on file III this Of
fee.
In testimony whereof, | have hcreunto set
my hand and affixed tho seal of this office at
Bismarck. the lst day of April 4. =. 1918.
1SEAI) W. e. TAYLOR,
Office of Commissioner OF Insurance.