The weekly times-record. (Valley City, N.D.) 1912-1922, 1914-06-11

Joe Diemert of Sanborn spent the
day in Valley City Thursday.
ABSTRACT OF STATEMENT
For the Year Ending December 81,
A. D. 1918.
OF tho condition and affairs Of the Frank
lin Fire Insurance Co. OF philadelphia,
Pa, organized under the laws Of the
State Of Pennsylvania, made to the Com
missioner of Insurance of the State of
North Dakota, In pursuance of the laws
Of said state.
President-Of vacant
Vice President-Gcorge Fales Baker.
Seeretary-Edgar P. Luce.
Principal office-421 Walnut Street,
Attorney for Service Of Process in the
State of North Dakota:
Name, Commissioner Of Insurance; Lo-
cation, Bismarck N. D.
Organized or Incorporated April %, 1929.
Commenced business June, 1929.
CAPITAL.
Amount Of capital stock paid
paid up In full. ...........$ 5OO,OOO.U
ASSETS.
Value of real estate owned by.
the company ,......;.......$ 14o'4a4.oo
Loans on bonds and mort
Railroad bonds and stocks.... 155, 547.OO
bonds .......:............ o95, 42o.OO
Bank stocks .,......... l3'd15.M
Other corporation stocks. 80. 75,25O.W
Cash on hand and In bank. G7,893.87
Interest due and accrued 80. 36,269.79
Premiums in course Of collec.
ton and transmission $3.50. S15, 555. 10
All other sums due to the CON-
pany .................... A,4o@'V1o.S<
Book value Of ledger assets,
real estate, $s,944.53: agents -
balances over market value,
stocks and bonds, 500 ,O92.02
prior to Oct. l, SIC, 2s2.79... 111,S20.2
s3.245, 1906
LIABILITIES.
Gross claims for losses ad-
justed and unpaid ........$ 22.985.60
Gross claims for losses upon
which no action has been
pany .................... l3,445.22
Total gross amount Of claims. an ~, o.
for losses ...........* 1692d6.3S
Deduct reinsurance and sol.
wage claims thereon ....... 26,436.47
Net amount Of unpaid losses.$ 142,s29.92
Amount Of unearned premiums
on all outstanding risks.... 1,97o,25S.35
Dues for unpaid dividends. 1850
Due for commissions and
brokerage ................ SO,423.O
$2,14s,522o7
All other liabilities
Salaries. ETC., $2,111.6S; taxes
$14,970.71; return premiums,
Sl5.OS7.11; reinsur. prems
$1607091; capital. $5O0,OO0;
surplus, $54S,97268 ...."... 1,O97,213.O9
Total liabilities ............$ 3.245, 1865
RECEIPTS.
Premiums received during the
Interest and dividends receiv-
ed during the year 5000. 1882 IA
Rents received during the year $4,000
Amount received from all 9TH
er sources, transfer fees,
&G30. so: gross profit on sale
Of bonds, 81, 48263 ........ 8,l22.13
Total receipts .............S 1,542, 1882
DISBURSEMENTS.
Losses paid during the year.. 3 $50, 471.O
Dividends paid during the ,o,
I brokerage e .....:.......... 2os, 7o2.s4
other ~ charges ............. l55.s77s7
Paid for taxes .............. 86,l74.95
Amount Of all other dlsburse-
IncntS ................... lou, 14O.o4
Total disbursements .......s 1851. 1921
NORTH DAKOTA BUSINESS.
Total risks taken during the ,
year .............. ....4 A4o,<'o.Vv
Total premiums received dur
Ing the year .............. Z,6662A
Total losses incurred during
Total amount Of losses paid
during the year ........... 1,629.17
Office Of Commissioner Of Insurance.
|, W. c. Taylor, Commissioner Of In
surance Of the State Of North Dakota, do
hereby certify that the foregoing Is true
abstract. Of the original statement now on
In testimony whereof. l have herennto
set my hand and affixed the seal Of this
Office at Bismarck the LIST day of April,
isEAL) W. c. TAYLOR.
Commissioner Of Insurance.
STATE OF NORTH DAKOTA,
Office Of Commissioner Of Insurance.
coMrANY's c THGRETG OF Au-
Whereas the Franklin Fire Insurance
Co., a corporation organized under the laws
OF Pennsylvania, has filed in this office
n sworn statement exhibiting Its condi-
ton and business for the year ending De-
qulrcments Of the laws OF this state. regu-
lating the business of insurance. and.
Whereas, the said company has filed In
ter with certificate of organization in COM
plance with the requirements Of the In
surance laws aforesaid.
Now. therefore, !. w. c. Taylor, Com
missioner of Insurance Of the State of
North Dakota, pursuant to the provisions
Of said laws. do hereby certify that tho
above named company is fully empower
ed, through its authorized agents, to
transact its appropriate business Of au-
thortzcd insurance in this state according
to the laws thereof, until the 31st day OF
March, A. D. 1915.
In testimony whereof, have hereunto
set my hand and seal at Bismarck. this
lat day Of April, A. D. 1914.
iSEALl W. G. TAYLOR.
Commissioner Of lnsnrar"~