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Full text of "Fiftieth Massachusetts Fire"

V 



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I .' 



PUBLIC DOCUMENT .... .... No. 9. 



FIFTIETH ANNUAL KEPOKT 



OF THE 



Insurance Commissioner 



OF THE 



Cnmmonfoealt^ of Hassat^nsttis. 



January 1, 1905. 



PART L 
FIRE AND MARINE INSURANCE. 




BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1905. 

to. 



ME H< 



Approved by 
The State Board of Publication. 



3tr v\i 

A 



TABLE OF CONTENTS. 



[For Index to Companies, see end of volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, v 

Companies admitted, v 

Companies ceasing to do Business, v 

APPOINTMENT OF THIRD REFEREES BY THE INSURANCE COMMISSIONER, . vi 

The Illegal Transaction of Business, viii 

Department Examinations xiii 

Finances of the Department, xiv 

Reports of Receivers of Insolvent Fire Companies, .... xv 

Massachusetts Mutual Fire Insurance Companies: 

Comparative Table A, xvi 

Massachusetts Mutual Fire-Marine Insurance Companies: 

Comparative Table B, xvi 

Massachusetts Joint-Stock Insurance Companies: 

Comparative Table C, xvii 

Insurance Companies of Other States : 

Comparative Table D, xviii 

United States Branches of Foreign Insurance Companies: 

Comparative Table E, xix 

Aggregates of All the Companies, xx 

Massachusetts Mutual Fire Insurance Companies : 

Table I. — Assets, liabilities and surplus, . . . . . . . xxi 

Table II. — Risks, income and disbursements, xxii 

Table III. — Premiums, losses and expenses, xxiii 

Massachusetts Mutual Fire-Marine Insurance Companies : 

Table IV. — Guaranty fund, scrip, assets, liabilities and surplus, . . xxiv 

Table V. — Income and disbursements, premiums, losses and expenses, xxiv 

Massachusetts Joint-Stock Insurance Companies : 

Table VI. — Cash capital, assets, liabilities, surplus and expenses, . . xxiv 

Table VII. — Income and disbursements, risks, premiums and losses paid, xxiv 



IV 



CONTENTS. 



Insurance Companies of Other States : 

Table VIII. — Cash capital, assets, liabilities, surplus and expenses, . 
Table IX. — Income and disbursements, risks, premiums and losses paid, 

United States Branches : 

Table X. — Risks, assets, liabilities and surplus, 

Table XI. — Income, disbursements, expenses, etc., 

Massachusetts Business in Detail: 

Table XII. — Risks written, premiums received, losses paid, etc., 
Table XIII. — Receipts and expenditures of the insurance department, 



PAGE 

xxv 

xxvii 



XXX 

xxxi 



XXXll 

xxxvii 



DETAILED STATEMENTS. 

Massachusetts mutual fire companies, 1 

Massachusetts mutual fire-marine companies, 82 

Massachusetts joint stock fire and fire-marine companies, 87 

Fire, marine and fire-marine insurance companies of other States, . . . 100 

United States branches of foreign companies, 385 

Appendix, 467 

Report of the Massachusetts District Police, Fire Marshal's department, . . 469 



CommrnitaUfo ai Utassarfrttsetls. 



Insurance Department, Boston, May 20, 1905. 
To the General Court of Massachusetts. 

Part I. of the fiftieth report of the Massachusetts insurance 
department, relating to fire and marine insurance companies 
and their operations for the year 1904, is herewith submitted. 

The following is a list of the companies admitted during the 
year, and also in 1905, up to the date of this report : — 



NAME OF COMPANY. 



Location. 



Date of 
Authority. 



Capital. 



Star Fire, . 
Lumbermen's Mutual, 
Rossia, 

Security Fire, . 
Royal Exchange, 
Union Marine, . 
Lumber, . 
Eastern Fire, 
Michigan Commercial, 



Alliance, . 
Eagle Fire, 
Calumet, . 
City of New York, 



Louisville, Ky., 
Mansfield, O., . 
St. Petersburg, 
Baltimore, 
London, . 
Liverpool, 
New York City, 
Atlantic City, N. 
Lansing, Mich., 

Philadelphia, . 
New York City, 
Chicago, . 
New York, 



1904. 

Jan. 

Jan. 12, 
March 5, 
May 



Sept. 

Oct. 

Nov. 

Dec. 

Dec. 

1905. 
Jan. 2, 
Feb. 25, 
May 3, 
May 19, 



23, 
9, 
5, 
10, 
13, 
31, 



$200,000 

200,000* 

200,000 

200,000* 

300,000* 

200,000 

200,000 

200,000 

600,000 
400,000 
200,000 
200,000 



* Deposit capital. 

Companies which ceased to do Business during the Year 1904, and in 

1905 to Date. 



NAME 
OF COMPANY. 



Location. 



Date. 



Capital. 



Remarks. 



Greenwich, 

Firemen's, 
Home Fire, 
Potomac, . 

Atlas Mutual, . 
Lafayette Fire, . 

Reliance Marine, 
ThuriDgia, 
Charles River Mutual, 
Manchester Assur- 
ance. 
Royal Exchange, 
Kings County Fire, . 

Cohasset Mutual Fire, 

National Assurance 

of Ireland. 
Millers' National, 



New York City, . 

Baltimore, 
Baltimore, 
Washington, D. C, 

Boston, . 

New York City, . 

Liverpool, 
Erfurt, Germany, 
Boston, . 
Manchester, Eng., 

London,. 

New York City, . 

Cohasset, 

Dublin, . 

Chicago, 



1904. 

Feb. 16, 

Feb. 17 
Feb. 17 
Feb. 25 

March 11 
March 16 

March 24 
April 7 
April 8 
June 24 



July 
Aug. 



Nov. 1 
1905. 

Feb. 2 

Feb. - 



$200,000 

400,000 
200,000 
200,000 



200,000 

300,000* 
200,000* 

200,000* 

200,000* 
200,000 



200,000 
200,000 



Reinsured in Commercial Union 

Assurance. 
Receiver appointed. 
Receiver appointed. 
Reinsured in North British and 

Mercantile. 
Receiver appointed. 
Reinsured in National, Hart- 

ford. 
Withdrew. 

Reinsured in Firemen's Fund. 
Perpetually enjoined. 
Merged with Atlas Assurance. 

Authority revoked. 
Reinsured in Atlas Assurance. 

Withdrew. 
Reinsured in Hingham Mutual. 

Reinsured in Providence-Wash- 
ington. 
Discontinued business in Mass. 



* Deposit capital. 



VI REPORT OF THE 

Under the operation of chapter 3, Acts of 1904, coupled 
with the provisions of section 28 of chapter 118 of the 
Revised Laws, the corporate powers of the Cohasset Mutual 
Fire Insurance Company, the Franklin Mutual Fire Insurance 
Company and the Western Massachusetts Mutual Fire Insur- 
ance Company have expired. The first-named act provided 
that, if a mutual fire insurance company such as is included in 
its specifications fails to maintain in respect to business in force 
the standard which is established for a new company seeking 
to begin business, it is prohibited from writing any new insur- 
ance until it has sufficient applications in hand to bring it up 
to that stature. All the companies named above fell below 
the mark, and did not, within a period of one year, secure 
applications so that new insurances could be written ; conse- 
quently they came under the ban of the law, as expressed in 
said section 28, and are thus permanently out of the field as 
insurers. 

Appointment of Third Referees by the Insurance 

■ 

Commissioner. 

The insurance laws place upon the Insurance Commissioner, 
in certain contingencies, the duty and responsibility of appoint- 
ing a third referee to act, in conjunction with two other referees 
duly selected, in adjusting fire losses. It became apparent in 
the proceedings under this statute that there was a lack of har- 
mony, to say the least, between the provisions of the standard 
form of policy, by virtue of which certain agreements of indem- 
nity are made with the mortgagee, and the letter of the statute, 
which directs how the parties shall proceed in case the two 
referees chosen by the insurer and the insured respectively fail 
to agree upon a third referee willing to act in that capacity. 
In this statute the rights of the mortgagee as set forth in the 
contract or policy are wholly ignored, as the statute is usually 
interpreted, and as the parties in interest usually proceed. 
The commissioner has no evidence that any mortgagee has 
been wronged thereby, but, seeing that there is a possibility 
that complications might arise that would be ground for set- 
ting aside the award by arbitration, or that would work an 
injustice to a mortgagee not understanding his rights, it was 



INSURANCE COMMISSIONER. Vll 

decided to lay this whole matter before the Attorney-General 

of the Commonwealth for an opinion. That opinion follows, 

and will hereafter be the guide of the department in its action 

under the statute in question. 

Boston, May 13, 1905. 

Hon. Frederick L. Cutting, Insurance Commissioner. 

Dear Sir : — You have requested my opinion upon the following 

questions of law relating to proceedings for arbitration under a fire 

insurance policy in the Massachusetts standard form : — 

(1) When the damaged property is mortgaged and the insurance 
is payable to the mortgagee, as his interest may appear, is the mort- 
gagee one of the insured in such a sense that the Insurance Commis- 
sioner should not, on the application of the party holding the equity, 
appoint a third referee unless the mortgagee joins in the request for 
an appointment? 

(2) In such case, is a referee of the insured duly chosen so that 
the Insurance Commissioner may act on his request for the appoint- 
ment of a third referee if the mortgagee has not concurred in his 
selection as referee of the insured by the mortgagor? 

(3) What parties are meant in Revised Laws, chapter 118, sec- 
tion 60, where it provides that the Insurance Commissioner " shall 
send written notification thereof to the parties ? " 

The material part of section 60 is as follows : — 

"In case of the failure of two referees, chosen, respectively, by 
the insurance company and the insured, to agree upon and select 
within ten days from their appointment a third referee willing to act 
in said capacity, either of said referees or parties may within twenty 
days from the expiration of said ten days make written application, 
setting forth the facts, to the insurance commissioner to appoint such 
third referee ; and said commissioner shall thereupon make such ap- 
pointment and shall send written notification thereof to the parties.'' 

The standard form of policy contains this provision : — 

"If this policy shall be made payable to a mortgagee of the in- 
sured real estate, no act or default of any person other than such 
mortgagee or his agents, or those claiming under him, shall affect 
such mortgagee's right to recover in case of loss on such real estate : 
provided" etc. 

The effect of such a policy, in which the insurance is made payable, 
in case of loss, to the mortgagee as his interest may appear, has been 
described in Palmer Savings Bank v. Insurance Co. of North America, 
166 Mass. 189, 194, as follows: — 

"The effect of such a policy is the same as if the mortgagor had 



Vlll KEPORT OF THE 

takeu out tbe insurance in his own name, and then assigned it to the 
mortgagee to the extent of his interest, and the insurance company 
had assented to the assignment and had promised the mortgagee that 
no act or default of the mortgagor should defeat the right of the 
mortgagee to recover to the extent of his interest. Under such ao 
assignment, assented to by the company, the mortgagee, in the event 
of a loss, could maintain an action in his own name to recover to the 
extent of his interest." 

. The court held that the mortgagee under such a policy is entitled 
to maintain an action in his own name. 

Harrington v. Fitchburg Mutual Fire Insurance Co., 124 Mass. 
126, held that a mortgagee under such a policy is not bound by an 
adjustment of such a loss made without his knowledge or consent by 
the assured, the mortgagor, with the insurance company. 

I am of opinion, following the authority of these cases, that your 
questions above quoted must be answered as follows : — 

(1) The Insurance Commissioner should not, on the application of 
the mortgagor, appoint a third referee unless the mortgagee joins in 
the request for an appointment. 

(2) A referee chosen by the mortgagor, without concurrence in his 
selection by the mortgagee, is not duly chosen, and the Insurance 
Commissioner should not act upon his request for the appointment of 
a third referee. 

(3) You should send notification of your appointment of a third 
referee, not only to the insurance company and the mortgagor, but 
also to the mortgagee, or to their respective representatives, the two 
referees. 

The following cases in other States also support this conclusion : — 
Brown v. Roger Williams Insurance Co., 5 R.I. 394; Bergman v. 
Commercial Union Assurance Co., 92 Ky. 494 (15 L.R.A. 270) ; 
Georgia Home Insurance Co. v. Stein, 72 Miss. 943. 

Very truly yours, Herbert Parker, 

Attorney- General. 

The Illegal Transaction of Business. 

On account of certain information -which, came to the Insur- 
ance Commissioner, it was deemed best to require fire insurance 
companies reporting to this department to make sworn state- 
ments with their report of the business of the year 1903, 
relative to their methods of handling certain classes of Massa- 
chusetts risks. The specific questions asked of the officers of 
each fire insurance company operating here were as follows : — 



INSURANCE COMMISSIONER. IX 

Are all policies covering specifically or under schedules on prop- 
erty in Massachusetts written on the Massachusetts standard form, 
and signed and issued by an authorized agent resident in Massa- 
chusetts ? 

Are all policies covering on property in Massachusetts under 
44 floaters" written on the Massachusetts standard form of policy, 
and signed and issued to the insured by an authorized agent resident 
in Massachusetts? 

If not, please give particulars. 

Are premiums on " floaters" and under schedules covering in Mas- 
sachusetts included in the company's returns to the Tax Commissioner 
of said Commonwealth? 

The answers to these questions were such as to indicate that 
all the companies were conducting their business in a lawful 
and proper manner. But still there w r as a suspicion to. the 
contrary, which suspicion grew into a conviction as time went 
on, that, in respect to one company at least, there ought to be 
an investigation. Accordingly a representative of this depart- 
ment was deputized to proceed to the head office in this country 
of the Royal Exchange Assurance, — Mr. Robert Dickson, 
United States manager, — and make an examination of the 
books, records and accounts of the company, to ascertain if 
the law of this Commonwealth was being or had been violated 
in respect to any of the matters covered by the three interrog- 
atories above quoted. 

It is needless to go into detail to set forth the attempts at 
deception which the examiner had to meet, and the difficulties 
thrown in his way, in an attempt to ascertain the facts. It is 
sufficient here to say that numerous specific instances of viola- 
tion of the law were discovered, for which the statutes provide 
a penalty. The Insurance Commissioner did not care to trust 
to hi© own judgment, exclusively, as to the legal liability of 
the company on account of the discoveries made by the ex- 
amination, but consulted the Attorney-General, w T ho by law 
is the legal adviser of this department, for his interpretation 
of the application of the law to the acts of the company which 
seemed illegal. One question was as to the authoritv of the 

O J. J 

Insurance Commissioner to revoke the authority of a fire insur- 
ance company which reinsured a Massachusetts risk in an 



X REPORT OF THE 

unauthorized company. His reply, which is one of importance 

to company officials as well as to the Insurance Department, 

reads as follows : — 

July 21, 1904. 

Hon. Frederick L. Cutting, Insurance Commissioner. 

Dear Sir : — In your letter of July 1 you desire my opinion 
whether, upon the facts disclosed in the examination by your depart- 
ment of a foreign fire insurance corporation, you have power to 
revoke the company's authority to transact business in Massachusetts. 

The corporation, which was admitted to Massachusetts in 1891, 
has at its general offices in the city of New York, reinsured risks on 
Massachusetts property, in companies which have not been author- 
ized to do business in Massachusetts, no affidavit having been filed, 
in accordance with R. L., c. 118, § 83, that the amount of insurance 
necessary to protect the property could not be procured in admitted 
companies. In each case the contract of reinsurance was made and 
was to be performed in New York city. 

R. L. c. 118, § 20, provides in part as follows : — 

" If a company directly or indirectly reinsures a risk taken by it 
on any property located in this commonwealth in a company not duly 
authorized to transact business herein, . . . the insurance commis- 
sioner may revoke its authority to transact business in this common- 
wealth." 

This statute does not limit such action by the Insurance Commis- 
sioner to acts done by the company within this Commonwealth ; its 
intention is to prevent, so far as it may, the insurance of Massachu- 
setts property by companies not under the control or supervision of 
this Commonwealth. It purports to authorize the Insurance Com- 
missioner to revoke the company's authority, although the ground of 
revocation is an act done outside this jurisdiction. The question is, 
whether this statute thus construed is constitutional. 

While the Legislature has no right to require an owner of property 
situated in Massachusetts to insure it only in authorized companies 
(Allgeyer v. Louisiana, 165 TJ. S. 578), the right of the Legislature 
to dictate terms upon which a foreign company may reinsure its risks 
as a condition of remaining here rests upon a different and valid 
foundation. A person owning property here has a right to insure it 
in such company as he chooses, provided the forbidden act of insur- 
ance takes place outside the jurisdiction. Since the contract of 
insurance, if made outside the jurisdiction, for the sake of the 
owner is not to be interfered with, the other party to the contract, 
the insurance company, is sheltered by the owner's privilege ; but in 
case of reinsurance, neither the insuring company nor the reinsuring 



INSURANCE COMMISSIONER. XI 

company, when not authorized to do business here, is guaranteed by 
the Constitution the right to make that contract. The owner of the 
property and his rights are not to be considered, since the contract 
of reinsurance is entirely between the two foreign companies, there 
being no relation between the owner and the reinsuring company. 

The State may prohibit foreign insurance companies entirely from 
doing business within its limits. It may then impose such condi- 
tions as it pleases upon the doing of business, and upon failure to 
perform the conditions it may refuse authority to do business, or 
revoke an authority once given. (Paul v. Virginia, 8 Wall. 168; 
Ducat v. Chicago, 10 Wall. 410; Hooper v. California, 155 U. S. 
648 ; Manchester Fire Insurance Company v. Herriott, 91 Fed. 711.) 

In Waters-Pierce Oil Company v. Texas, 177 U. S. 28, a Texas 
statute provided that every foreign corporation violating its provisions 
should forfeit its right to do business in Texas. The Attorney- 
General proceeded against a foreign corporation which was author- 
ized to do business in the State for forfeiture of that right. In the 
United States Supreme Court the corporation contended that the 
statute limited its right to make contracts, and took away its property 
without due process of law. The court sustained the forfeiture which 
had been declared by the State court, observing: "What right of 
contracting has it in the State of Texas? This is the only inquiry, 
and it cannot find an answer in the rights of natural persons." (See 
also Blake v. McClung, 172 U. S. 239; Orient Insurance Company 
v. Daggs, 172 U. S. 557.) 

It is no objection to the exercise by the Insurance Commissioner of 
the power given him by this statute that his reason for revoking the 
authority of the company is that the company has done an act outside 
the jurisdiction which the Commonwealth cannot effectually prohibit 
by penal laws, having no extra-territorial effect. Since insurance is 
not interstate commerce, the State may deprive a foreign company of 
the right to do business within its limits for any reason that it deems 
proper. 

In Doyle v. Continental Insurance Company, 94 U. S. 535, the 
Supreme Court of the United States held that an injunction to restrain 
the Insurance Commissioner from revoking the license of a foreign 
insurance company must be denied. In that case the license was 
revoked for the reason that the company removed a case from the 
State to the federal court, in violation of a State statute providing 
that in case of such removal its license should be cancelled. The 
company, as a condition of its license, had been required to agree 
not to remove any case. Though the agreement was void (Insurance 
Company v. Morse, 20 Wall. 445), and a similar statute applying to 



Xll REPORT OF THE 

a corporation or individual having a right to do business in the State 
would be unconstitutional, as denying a right guaranteed by the 
federal Constitution (see Barron v. Burnside, 121 U. S. 186, 199), 
a majority of the court held that, since a foreign insurance company 
has no constitutional right to do business within the State, it was 
justifiable to give the corporation the option either to stay out or to 
deny itself a federal right. 

I therefore conclude that the statute authorizes you to revoke the 
license of the foreign insurance company for the reasons stated, and 
that the statute is valid, though indirectly prohibiting acts done out- 
side the State, since under it the corporation had an option to stay 
out of the State or comply with the statute. 

Very truly yours, Herbert Parker, 

Attorney- General. 

As the fact was established, to the satisfaction of the Insur- 
ance Commissioner, that the company in question had reinsured 
Massachusetts risks in unauthorized companies, the authority 
of the company in question to transact business in Massachu- 
setts was revoked, such revocation taking effect on July 22. 
Other violations of the law made the company subject to many 
penalties, and it became evident, also, that the general agent 
of the company in Boston was not wholly innocent of com- 
plicity in some of its illegal acts. Upon due consideration, it 
was determined that the lines and penalties incurred were suffi- 
cient in number and importance to warrant an aggregate fine 
of at least $15,000 upon the company, and $200 was deemed a 
proper penalty for the offences committed by the Boston agent. 
These fines were duly paid and covered into the treasury of the 
Commonwealth. The question then came as to the readmission 
of the company. There never was any doubt in the mind of 
the commissioner as to its financial soundness ; in fact, it is 
one of the old and rich and conservative companies of Great 
Britain, and its United States branch also was of undoubted 
financial strength. Moreover, it became evident that the home 
office officials of the company were wholly innocent of any 
complicity with the acts of the United States branch which 
were in violation of the Massachusetts statutes. Their dis- 
approval of these acts rendered it evident that their repetition 
was wholly unlikely, even under the management of the per- 



INSURANCE COMMISSIONER. 



Xlll 



son who was then conducting its affairs in the United States. 
Accordingly, the company was readmitted in due time. The 
home office managers, soon after its readmission, took charge 
of its affairs on this side by sending over one of their own 
number, Mr. E. B. Hiles, to conduct its business. After due 
consideration, he selected a new United States manager, in the 
person of Mr. U. C. Crosby,, and the company has again taken 
its place among the strong and responsible fire insurance com- 
panies transacting business in this Commonwealth. The inci- 
dent has its lessons. May they be heeded. 



Department Examinations. 

The fire and marine companies examined by the department 
during the year 1904 are given below, together with the 
location of the head office of the company and the date of the 
previous examination : — 



Cambridge Mutual, . 

Atlas Mutual, 

U. S. Branch, Royal Exchange, 

Saugus Mutual, . 

Salem Mutual, . 

Newbury port Mutual, 

Gloucester Mutual Fishing, 

Barnstable County Mutual, 

Berkshire Mutual, 

India Mutual, 

Springfield Fire and Marine, 

Mutual Fire Assurance, 

Dorchester Mutual, 

Mercantile Fire and Marine, 

Grovel and Mutual, 

Salisbury and Amesbury Mutual, 

Norfolk Mutual, . 

Dedham Mutual, 

Merrimack Mutual, . 



Besides the above companies, the following companies of 
other classes were examined during the year : — 



Cambridge, . 


. December, 


1901 


Boston, 


November, 


1903 


New York City. 






Saugus, 


October, 


1901 


Salem, . 


December, 






Newburyport, 


October, 






Gloucester, . 


, December, 






Yarmouth port, 


. September 


i 




Pittsfield, . 


October, 






Boston, 


it 






Springfield, . 


u 






Springfield, . 


(i 






Neponset, . 


it 






Boston, 


July, 






Grovel and, . 


October, 






Marlborough, 


it 






Dedham, 


. December, 






Dedham, 


tt 






Andover, 


tt 







Berkshire Life, 

John Hancock Mutual Life, 

Boston Mutual Life, 



Masonic Mutual Accident, 

Mutual Boiler, 

Ahawas Israel, Independent Order of. 



XIV 



REPORT OF THE 



Finances of the Department. 

The receipts of the insurance department for the year 1904 
were $32,175.33 in excess of the total cost of its maintenance. 
This surplus exceeded that of the preceding year by $3,975.22. 
The total department expenses were $48,243.89, and its re- 
ceipts $80,419.22 ; the latter amount being $4,734.79 in ex- 
cess of the receipts for the previous year. 



Respectfully submitted, 




Insurance Commissioner. 



INSURANCE COMMISSIONER. XV 



REPORTS OF RECEIVERS OF INSOLVENT FIRE COMPANIES. 



Atlas Mutual Insurance Company. — Franklin T. Hammond, 
50 State Street, Boston, receiver; appointed May 11, 1904. 
His account to May 11 of the present year stands as follows : — 

Balance, May 19, 1904, f 43,960 67 

Receipts from May 19, 1904, to May 11, 1905, . . 16,624 02 
Disbursements during the same period, . . . 27,893 55 

Of the amount disbursed, $23,611.95 was paid to loss claim- 
ants and $4,281.60 for miscellaneous disbursements, including 
commissions, clerical services, legal expenses, etc. 

By decree of the Supreme Judicial Court, entered Feb. 11, 
1904, it was provided that policy holders whose policies were 
cancelled after March 8, 1904, the date of the filing of the bill, 
should not be permitted to set off against the assessment the 
return premiums on the cancellation or surrender value of 
the policies at that date, and therefore that an assessment of 
$73,500 should be levied. 

Firemen's Fire Insurance Company. — International Trust 
Company, Boston, receiver; appointed July 6, 1900. Re- 
ceiver reports that the balance on hand May 1, 1904, was 
$402,194.24, and that there has been charged for the services 
of receiver and expenses $2,194.24, leaving a balance of 
$400,000. 

Melrose Mutual Fire. — Alpheus Sanford, Mason Building, 
Boston, receiver; appointed Nov. 26, 1895. An order was 
allowed for the payment of a 20 per cent, dividend a short 
time ago, which will be the final amount to be distributed. 
This makes a dividend of 70 per cent, in all to those having 
claims for losses. After paying this final dividend, there will 
be left in the hands of the receiver a balance of $43.10. 



XVI 



REPORT OF THE 



Comparative Table A. — Massachusetts Mutual Fire Insurarice 

Companies. 





1903.* 


1904.t 


Increase or 
Decrease in 1904. 


Assets (including contingent), 


$45,133,364 


$47,314,230 


$2,180,866 


Liabilities, .... 


6,474,339 


6,464,951 


—9,388 


Cash surplus, . 








6,466,555 


6,881,211 


1,414,656 


Income, . 








7,854,033 


7,850,631 


—3,402 


Disbursements, 








6,998,718 


7,414,927 


416,209 


Premiums, 








7,305,148 


7,285,577 


—19,571 


Losses paid, 








1,193,109 


1,214,036 


20,927 


Losses incurred, 








1,231,355 


1,159,054 


—72,301 


Risks outstanding, 








1,092,028,154 


1,130,671,093 


38,642,939 


Expenses, 








1,065,036 


1,016,860 


— 48,176 


Assessments collected. 






7,975 


- 


- 


Profits returned, 






4,641,752 


5,109,189 


467,437 



* Forty-five companies. 



t Forty-three companies. 



Comparative Table B. — Massachusetts Mutual Fire-Marine Insur- 
ance Companies. 





1903.* 


1904.* 


Increase or 
Decrease in 1904. 


Assets, 


$566,125 


$511,420 


—$54,705 


Liabilities, 








263,709 


267,493 


3,784 


Surplus, . 








302,416 


243,927 


—58,489 


Income, . 








438,430 


416,088 


—22,342 


Disbursements, 








452,712 


450,945 


— 1,767 


Premiums, 








418,322 


398,114 


—20,208 


Losses paid, 








313,260 


327,737 


14,477 


Losses incurred, 








313,281 


356,668 


43,387 


Risks outstanding, 








18,839,619 


19,448,565 


608,946 


Expenses, 








98,732 


92,826 


—5,906 



* Two companies. 



INSURANCE COMMISSIONER. 



XV11 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies. 





1903.* 


1904.» 


Increase or 
Decrease in 1904. 


Cash capital, . 






$3,700,000 


13,700,000 


- 


Assets, . 






11,624,033 


11,761,735 


$137,702 


Liabilities, 






4,260,827 


4,520,847 


260,020 


Surplus, . 






7,363,206 


7,240,888 


—122,318 


Income, . 






5,836,752 


6,485,012 


648,260 


Disbursements, 






5,164,973 


6,314,523 


1,149,550 


Fire premiums, 






4,533,412 


4,881,785 


348,373 


Marine premiums, 






823,563 


909,305 


85,742 


Fire losses paid, 






2,313,142 


3,418,768 


1,105,626 


Marine losses paid, 




517,723 


404,829 


—112,894 


Fire losses incurred, 




2,315,701 


3,465,611 


1,149,910 


Marine losses incurred, 




507,248 


419,011 


-88,237 


Fire risks outstanding, 




592,262,431 


619,652,717 


27,390,286 


Marine risks outstanding, 


6,433,314 


12,733,006 


6,299,692 


Expenses, . 


1,926,050 


2,096,643 


170,593 


Cash dividends declared, 


373,000 


370,000 


—3,000 



* Four companies. 



xvm 



REPORT OF THE 



Comparative Table D. — Fire and Marine Insurance Companies of 

Other States. 





1903.* 


1904.* 


Increase or 
Decrease in 1904. 


Cash capital, . 




$49,502,875 


$49,602,875 


$100,000 


Assets, . 




281,127,024 


293,319,019 


12,191,995 


Liabilities, 




134,538,580 


144,055,476 


9,516,896 


Surplus, . 




146,588,444 


149,263,543 


2,675,099 


Income, . 




153,552,481 


164,757,962 


11,205,481 


Disbursements, 




130,563,326 


154,418,080 


23,854,754 


Fire premiums, 




131,416,833 


142,006,880 


10,590,047 


Marine premiums, 




8,529,669 


8,136,962 


—392,707 


Fire losses paid, . 




60,967,036 


82,625,133 


21,658,097 


Marine losses paid, 




4,974,121 


3,785,225 


—1,188,896 


Fire losses incurred, 




62,291,895 


83,134,202 


20,842,307 


Marine losses incurred, . 




5,280,675 


4,996,477 


—284,198 


Fire risks outstanding, 




18,703,522,406 


19,949,423,443 


1,245,901,037 


Marine risks outstanding, 


226,855,554 


235,817,486 


8,961,932 


Expenses, .... 


48,939,118 


52,222,245 


3,283,127 


Cash dividends declared, 


6,490,874 


7,094,977 


604,103 



* One hundred and seventeen companies. 



INSURANCE COMMISSIONER. 



XIX 



Comparative Table E. — United States Branches of Foreign 

Companies. 





1903.* 


1904.f 


Increase or 
Decrease in 1904. 


Deposit capital, 


$8,500,000 


$8,200,000 


—$300,000 


Assets in United States, 


80,655,847 


85,414,493 


4,758,646 


Liabilities in United States, . 


51,585,177 


53,791,638 


2,206,461 


Surplus, . 




29,070,670 


31,622,855 


2,552,185 


Income, . 




64,384,226 


76,878,098 


12,493,872 


Disbursements, 




57,650,245 


70,718,198 


13,067,953 


Fire premiums, 




56,104,502 


60,668,342 


4,563,840 


Marine premiums, . 




3,244,511 


3,706,390 


461,879 


Fire losses paid, . 




28,496,076 


39,692,762 


11,196,686 


Marine losses paid, 




2,006,712 


2,100,185 


93,473 


Fire losses incurred, 




28,571,302 


39,974,752 


11,403,450 


Marine losses incurred, 




2,686,735 


2,412,311 


—274,424 


Fire risks outstanding, 




7,330,994,249 


7,848,400,421 


517,406,172 


Marine risks outstanding, 


99,289,219 


113,163,124 


13,873,905 


Expenses, .... 


20,775,833 


22,138,895 


1,363,062 



Thirty-seven companies. 



t Thirty-eight companies. 



XX 



REPORT OF THE 



Aggregates of All the Companies. 





1903. 


1904. 


Increase or 
Decrease in 1904. 


Cash capital. .... 


$61,702,875 


$61,502,875 


- $200,000 


Assets (including contii 
of mutual companies^ 
Liabilities, 


lgent 


419,106,393 
197,122,632 


438,320,897 
209,100,405 


19,214,504 
11,977,773 


Surplus, . 




189,791,291 


195,252,424 


5,461,133 


Income, . 




232,065,922 


256,387,791 


24,321,869 


Disbursements, 




200,829,974 


239,316,673 


38,486,699 


Fire premiums, 




199,484,396 


214,962,891 


15,478,495 


Marine premiums, 




12,891,564 


13,030,464 


138,900 


Fire losses paid, . 




93,025,276 


127,031,051 


34,005,775 


Marine losses paid, 




7,755,903 


6,537,624 


—1,218,279 


Fire losses incurred, 




94,468,060 


127,033,891 


32,565,831 


Marine losses incurred, 




8,730,132 


8,104,266 


—625,866 


Fire risks outstanding, 




27,729,558,992 


29,559,581,811 


1,830,022,819 


Marine risks outstanding, 


340,665,954 


369,728,044 


29,062,090 


Expenses, .... 


72,804,769 


77,567,469 


4,762,700 


Cash dividends declared, 


6,863,874 


7,464,977 


601,103 



INSURANCE COMMISSIONER. 



XXI 



Table I. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Contingent 
Assets. 


Admitted 

Assets.* 


Liabilities.! 


Surplus or 

Deficiency 

in 1904. 


Surplus or 

Deficiency 

in 1903. 


Abington, .... 
Annisquam, .... 
Attleborough, 
Barnstable County, 
Berkshire, .... 


$100,027 

7,568 

46,428 

131,107 

154,681 


$113,898 

9,758 

48,024 

114,865 

157,213 


$54,265 

22 

12,971 

70,264 

84,033 


$59,633 

-t 
35,053 
44,601 
73,180 


$53,267 

-t 

32,009 
41,676 
68,816 


Bristol County, 
Cambridge, .... 
Citizens', ... 

Dedham, 

Dorchester 


113,028 
336,110 
376,437 
111,132 
627,581 


2,846 
202,554 
338,716 
168,473 
507,609 


169,865 

201,306 

61,891 

338,543 


-§ 

32,689 

137,410 

106,582 

169,066 


-§ 

22,363 

129,144 

101,639 

161,407 


Fitchburg, .... 
Q-roveland, .... 
Hampshire, .... 
Hlngham, .... 
Holyoke, 


266,861 
139,297 
57,762 
406,950 
553,063 


207,598 

182 

59,769 

354,419 

948,662 


160,835 

2,554 

30,359 

210,779 

290,783 


46,763 

-J 

29,410 

143,640 

657,879|| 


38,188 

-t 

28,029 

139,142 

631,416|J 


Lowell 

Lumber, 

Lynn, 

Merchants' and Farmers', 
Merrimack 


158,813 
460,513 
58,649 
316,016 
402,739 


207,302 
203,957 
64,424 
282,268 
243,937 


84,913 

87,429 

15,421 

166,362 

209,458 


122,389 
116,528 

49,003 
115,906 

34,479 


118,183 
80,532 
48,794 

101,847 
33,176 


Middlesex 

Mutual Fire Assurance, 

Mutual Protection, 

Newburyport, 

Norfolk, 


647,681 

102,654 

95,003 

46,312 

352,121 


706,305 
232.903 
133,456 
40,979 
667,269 


341,684 

51,922 

51,544 

5,315 

191,847 


364,621 

180,981 

81,912 

35,664 

475,422 


352,807 

162,019 

77,818 

33,297 

458,094 


Quincy, 

Salem, 

Salisbury and Amesbury, 

Saugue 

South Danvers, 


481,256 
103,755 

71,175 
335,218 

73,214 


724,027 

105,618 

7,124 

3,538 

30,651 


249,337 

58,862 

221 

12,438 


474,690 

46,756 

-§ 

-t 
18,213 


455,776 
48,162 

-§ 

-t 
19,555 


Traders' and Mechanics', 
West Newbury, 

Whiting, 

Worcester Mutual, 


617,188 
102,655 

140,876 
606,407 


678,421 

87 

44,789 

839,990 


321,935 

4,388 

37,419 

328,095 


356,486 

-t 

7,370 
511,895 

$4,528,221 


360,737 

-t 

6,237 
507,250 


Totals, .... 


$8,600,277 


$8,451,631 


$3,907,060 


$4,311,380 



Manufacturers' Mutuals. 



Arkwright, .... 
Boston Manufacturers', 
Cotton & Woolen, . 
Fall River Manufacturers', . 


$6,364,835 
7,787,895 
2,148,786 
2,420,923 


$1,317,489 

1,523,753 

304,261 

526,210 


$642,082 
784,323 
216,671 
244,268 


$675,407 

739,430 

87,590 

281,942 


$614,521 

673,702 

91,457 

253,284 


Industrial, .... 


1,381,341 


171,767 


139,170 


32,597 


25,286 


Paper Mill, .... 
Rubber Manufacturers', 
Worcester Manufacturers', . 


651,818 
1,891,573 
2,720,620 


137,442 
312,569 
601,040 


65,581 
190,875 
274,921 


71,861 
121,694 
326,119 


64,247 
126,923 
288,949 


Totals 


$25,367,791 


$4,894,531 


$2,557,891 


$2,336,640 


$2,137,369 


Grand totals, . 


$33,968,068 


$13,346,162 


$6,464,951 


$6,864,861 


$6,448,749 



* Not including contingent assets. t Including unearned premiums. 

X This company relies upon assessments on deposit notes to pay losses and expenses. 
§ This company takes deposit notes from its members and makes an assessment when the 
note is issued for paying current expenses. || Including guaranty capital, $100,000. 



XX11 



REPORT OF THE 



Table II. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Amount at Risk 
Dec. 31, 1904. 


Income. 


Disburse- 
ments. 


Abington, 

Annisquam, 

Attleborough, 

Barnstable County 

Berkshire 


$6,445,367 

298,280 

2,877,861 

7,561,821 

10,638,931 


$38,360 

807 

10,315 

48,582 
55,717 


$31,324 

751 

6,122 

42,973 

51,252 


Bristol County, 

Cambridge, 

Citizens', 

Dedham, 

Dorchester 


1,676,155 
21,075,784 
27,685,784 

7,224,426 
37,809,999 


1,947 

88,018 

99,698 

45,484 

244,430 


2,222 

133,065 

94,146 

37,493 

228,976 


Fitchburg, 

Groveland, 

Hampshire, 

Hingham, 

Holyoke, 


19,191,494 

1,717,752 

3,757,088 

27,133,653 

38,282,240 


110,789 

2,959 

17,226 

102,227 

189,431 


113,177 

4,128 

17,014 

102,645 

175,541 


Lowell, 

Lumber 

Lynn, 

Merchants' and Farmers', .... 
Merrimack 


9,910,576 
5,671,858 
2,176,783 
21,244,755 
27,387,231 


62,136 

162,691 

9,391 

111,552 

124,974 


55,636 

97,769 

8,643 

110,465 

130,926 


Middlesex 

Mutual Fire Assurance, .... 

Mutual Protection, 

Newburyport, 

Norfolk 


43.637,887 

6,300,425 

5,691,543 

765,635 

24,627,979 


193,574 

29,522 

42,901 

5,110 

119,727 


188,288 

22,893 

39,897 

4,133 

97,077 


Quincy, 

Salem, 

Salisbury and Amesbury 

Saugus 

South Danvers, 


32,766,552 
5,997,234 
1,943,190 
2,634,020 
1,145,813 


171,253 

45,933 

7,440 

3,281 

5,138 


158,434 

48,979 

5,034 

2,483 

6,660 


Traders' and Mechanics', .... 

West Newbury 

Whiting, 

Worcester Mutual, 


41,222,041 

1,496,440 

• 8,595,544 

43,926,262 


198,461 

7,830 

43,396 

186,075 


199,201 

7,908 

34,851 

186,247 




$500,518,403 


$2,586,375 


$2,446,353 



Manufacturers' Mutuals. 



Arkwright, 

Boston Manufacturers', 

Cotton and Woolen, 

Fall River Manufacturers', 

Industrial, 

Paper Mill, 

Rubber Manufacturers', 

Worcester Manufacturers', 

Totals, 

Grand totals, . 



$164,304,011 

200,696,753 

46,160,110 

60,167,457 

31,065,888 

16,385,316 
42,214,962 
69,158,193 



$630,152,690 
$1,130,671,093 



$1,325,695 

1,623,155 

427,101 

510,803 

280,520 

135,345 
387,783 
573,854 



$5,264,256 
$7,850,631 



$1;234,644 

1,510,328 

421,767 

474,376 

286,249 

124,964 
383,715 
532,531 



$4,968,574 
$7,414,927 



INSURANCE COMMISSIONER. 



XX111 



Table III. — Massachusetts Mutual Fire Insurance Companies. 





Com- 








NAME OF COMPANY. 


menced 
Business. 


Premiums. 


Losses Paid. 


Expenses. 


Abington, . ' . 


1857 


$33,470 


$10,353 


$9,518 


Annisquam, . . 


1847 


- 


229 


393 


Attleborough 


1845 


8,383 


3,031 


3,091 


Barnstable County, 


1833 


43,450 


9,821 


7,628 


Berkshire, 


1835 


49,401 


18,296 


14,933 


Bristol County, .... 


1829 


1,847 


789 


1,433 


Cambridge, 


1834 


73,521 


58,381 


30,310 


Citizens' 


1846 


82,720 


17,708 


30,987 


Dedham 


1837 


36,118 


8,901 


12,216 


Dorchester, 


1855 


226,443 


103,055 


57,626 


Fitchburg, 


1847 


99,702 


34,998 


38,600 


Groveland, 


1828 


- 


3,189 


940 


Hampshire, 


1832 


14,641 


7,424 


4,334 


Hingham, ..... 


1826 


85,695 


31,369 


24,096 


Holyoke, 


1843 


145,864 


52,092 


49,355 


Lowell, 


1832 


53,145 


16,787 


20,074 


Lumber, 


1895 


156,452 


38,468 


22,627 


Lynn 


1828 


6,516 


554 


3,068 


Merchants' and Farmers', . 


1847 


98,274 


36,992 


29,920 


Merrimack,. 


1828 


115,275 


47,359 


33,430 


Middlesex, 


1826 


167,495 


57,340 


49,120 


Mutual Fire Assurance, 


1827 


20,152 


1,272 


5,632 


Mutual Protection, 


1864 


36,419 


12,602 


15,768 


Newburyport, .... 


1829 


2,792 


482 


910 


Norfolk, 


1825 


84,636 


20,816 


24,210 


Quincy 


1851 


145,582 


50,186 


47,526 


Salem 


1838 


41,548 


21,677 


15,184 


Salisbury and Amesbury, . 


1855 


7,313 


2,725 


2,309 


Saugu£, 


1852 


43 


720 


1,764 


South Danvers, .... 


1829 


3,752 


211 


1,219 


Traders' and Mechanics', . 


1848 


172,553 


63,581 


56,261 


"West Newbury, .... 


1828 


- 


4,163 


895 


Whiting, 


1899 


41,965 


11,903 


5,829 


Worcester Mutual, 


1824 


139,970 


40,389 


46,781 




$2,195,137 


$787,863 


$667,987 



Manufacturers* Mutuals. 



Arkwright, 


1860 


$1,283,447 


$88,934 


$69,322 


Boston Manufacturers', 


1850 


1,567,364 


115,992 


100,970 


Cotton and Woolen, . 


1875 


416,168 


52,979 


42,533 


Fall River Manufacturers', . 


1870 


491,425 


25,273 


25,755 


Industrial, 


1890 


273,824 


39,621 


32,326 


Paper Mill, 


1887 


130,790 


10,699 


9,929 


Rubber Manufacturers', 


1885 


376,286 


49,989 


40,226 


Worcester Manufacturers', 


1855 


551,136 


42,686 


27,812 




$5,090,440 


$426,173 


$348,873 






$7,285,577 


$1,214,036 


$1,016,860 



XXIV 



REPORT OF THE 



Table IV. — Massachusetts Mutual Fire- Marine Insurance Com- 
panies. 



NAME OF COM- 
PANY. 


Com- 
menced 
Business. 


Guaranty 
Fund. 


Scrip 
Out- 
standing. 


Admitted 
Assets. 


Liabili- 
ties.* 


Deficiency 

In 

1904. 


Deficiency 

in 

1903. 


China, 
India,! • 


1853 
1867 


$152,000 


$506,090 
150,471 


$243,758 
267,662 


$181,875 
85,618 


$444,206 
97,031 


$405,303 
98,842 


Totals, . 


• 


$152,000 


$656,561 


$511,420 


$267,493 


$541,237 


$504,145 



* Including unearned premiums, but not including cash or stock-note guaranty fund or out- 
standing scrip. 
t Company commenced to do fire business in 1894. 



Table V. — Massachusetts Mutual Fire-Marine Insurance Companies. 



NAME OF COMPANY. 



Income. 



Disburse- 
ments. 



Premiums. 



Losses 
Paid. 



Expenses. 



China, 
India, 



$288,977 
127,111 



$323,166 
127,779 



$277,807 
120,307 



$247,385 
80,352 



$51,040 
41,786 



Totals, 



$416,088 



$450,945 



,114 



$327,737 



$92,826 



Table VI. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


8urplus to 

Policy 

Holders 

Dec. 31, 

1904. 


Expenses.* 


American, 

Boston, 

Mercantile Fire and Marine, 
8pringfield Fire and Marine, 


$300,000 

1,000,000 

400,000 

2,000,000 


$684,715 

3,959,134 

701,225 

6,416,661 


$323,033 

1,089,222 

228,011 

2,880,581 


$361,682 

2,869,912 

473,214 

3,536,080 


$177,958 
526,260 
117,423 

1,275,002 


Totals 


$3,700,000 


$11,761,735 


$4,520,847 


$7,240,888 


$2,096,643 



* Excluding losses, dividends, return premiums and drawbacks and taxes on real estate. 

Table VII. — Massachusetts Joint-Stock Insurance Companies. 

Fire Business. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 

1904. 


Premiums. 


Losses 
Paid. 


American 

Boston, 

Mercantile Fire and Marine, 
Springfield Fire and Marine, . 


$511,998 

1,701,425 

372,378 

3,899,211 


$602,730 

1,656,877 

391,324 

3,663,592 


$46,875,191 
98,919,749 
31,796,085 

442,061,692 


$422,264 
636,700 
322,216 

3,500,605 


$406,773 
583,899 
239,506 

2,188,590 


Totals, 


$6,485,012 


$6,314,523 


|$619,652,717 


$4,881,785 


$3,418,768 



Marine Business. 



Boston, 



$12,733,006 $909,305 $404,829 



INSURANCE COMMISSIONER. 



XXV 



Table VIII. — Insurance Companies of Other States. 













Surplus to 




NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Policy 

Holders 

Dec. 31, 

1904. 


Expenses. 


^Etna 


$4,000,000 


$15,556,175 


$5,075,953 


$10,480,222 


$1,848,585 


Agricultural, .... 


500,000 


2,651,323 


1,343,168 


1,308,155 


515,450 


Albany, ... 


250,000 


627,373 


161,255 


466,118 


75,248 


American, .... 


600,000 


5,186,218 


2,603,477 


2,582,741 


776,838 


American Central, . 


1,000,000 


3,799,670 


1,669,189 


2,130,481 


734,811 


American Fire, 


500,000 


2,812,544 


2,152,801 


659,743 


643,363 


American Lloyds, . 


- 


724,466 


221,559 


502,907 


89,830 


American Mutual Fire, . 


- 


306,371 


118,176 


188,195 


12,741 


Assurance Co. of America, 


400,000 


971,492 


393,666 


577,826 


153,234 


Atlantic Mutual, 


- 


12,638,243 


3,304,111 


9,334,132 


620,435 


Blackstone Mutual, . 


._ 


778,125 


295,544 


482,581 


33,496 


British American, . 


200,000 


466,470 


215,275 


251,195 


69,943 


Buffalo Commercial, 


200,000 


502,096 


201,866 


300,230 


89,725 


Buffalo G-erman, 


200,000 


2,315,520 


539,694 


1,775,826 


213,632 


Caledonian- American, 


200,000 


304,535 


15,137 


289,398 


4,392 


Camden Fire 


400,000 


1,360,889 


538,320 


822,569 


243.235 


Capital Fire, .... 


200,000 


525,330 


248,991 


276,339 


101,608 


Central Mfrs.' Mutual, . 


- 


181,933 


106,226 


75,707 


50,882 


Citizens' (St. Louis), 


200,000 


726,018 


376,299 


349,719 


177,526 


Colonial Assurance, 


200,000 


589,100 


325,172 


263,928 


176,898 


Colonial Fire, .... 


200,000 


316,996 


107,703 


209,293 


54,177 


Columbia, .... 


400,000 


503,168 


61,740 


441,428 


21,584 


Commerce 


200,000 


475,308 


171,575 


303,733 


84,061 


Commercial Union Fire, . 


200,000 


489,796 


205,466 


284,330 


69,974 


Commonwealth, 


500,000 


1,312,009 


351,249 


960,760 


119,785 


Concordia Fire, 


200,000 


1,071,012 


685,330 


385,682 


319,427 


Connecticut Fire, 


1,000,000 


5,253,017 


2,932,526 


2,320,491 


1,139,029 


Continental, .... 


1,000,000 


14,358,392 


6,633,643 


7,724,749 


2,250,234 


Delaware 


702,875 


1,705,590 


888,893 


816,697 


350,031 


Detroit Fire and Marine, 


500,000 


1,579,058 


364,416 


1,214,642 


139,956 


Dutchess, 


200,000 


827,713 


517,847 


309,866 


215,002 


Eastern, .... 


200,000 


409,988 


97,121 


312,867 


43,377 


Empire City Fire, . 


200,000 


360,879 


121,683 


239,196 


73,237 


Enterprise Mutual Fire, . 


- 


289,466 


118,336 


171,130 


12,646 


Equitable Fire and Marine, . 


400,000 


1,238,341 


705,905 


532,436 


312,953 


Farmers' Fire, .... 


_ 


836,340 


510,204 


326,136 


220,871 


Federal, 


500,000 


2,051,576 


872,530 


1,179,046 


312,573 


Fire Association, 


500,000 


6,507,840 


5,053,809 


1,454,031 


1,434,046 


Fire Ins. Co., Co. of Phila, 


400,000 


967,573 


404,319 


563,254 


102,804 


Fireman's Fund, 


1,000,000 


6,322,993 


3,267,164 


3,055,829 


1,404,833 


Firemen's (Newark), 


1,000,000 


3,539,143 


891,623 


2,647,517 


355,612 


Firemen's Mutual, . 


- 


1,303,491 


441,228 


862,263 


46,040 


Franklin Fire, .... 


400,000 


2,999,641 


1,674,453 


1,325,188 


326,593 


German (Freeport), 


200,000 


5,737,864 


3,657,263 


2,080,601 


1,298,541 


German Alliance, 


400,000 


1,269,064 


406,409 


862,655 


141,540 


German American, . 


1,500,000 


12,812,386 


5,648,861 


7,163,525 


1,819,186 


German American Fire, . 


200,000 


391,164 


118,965 


272,199 


46,322 


German Fire (Peoria), . 


200,000 


743,542 


406,396 


337,146 


181,114 


German Fire (Pittsburgh), 


200,000 


746,742 


459,089 


287,653 


208,365 


Germania Fire, 


1,000,000 


6,283,655 


2,718,739 


3,564,916 


876,190 


Girard Fire and Marine, . 


300,000 


2,133,104 


1,168,151 


964,953 


252,224 


Glens Falls, .... 


200,000 


4,109,134 


1,469,734 


2,639,400 


558,831 


Granite State Fire, . 


200,000 


685,999 


358,268 


327,731 


131,08) 


Hanover Fire, ... 


1,000,000 


4,043,195 


2,494,477 


1,548,718 


1,062,824 


Hartford Fire, .... 


1,250,000 


14,421,639 


9,762,950 


4,658,689 


4,107,049 


Home, ..... 


3,000,000 


19,417,329 


9,041,008 


10,376,321 


2,881,001 


Home Fire and Marine, . 


300,000 


1,568,712 


893,038 


675,674 


403,230 


Hope Mutual Fire, . 


- 


310,946 


150,363 


160,583 


24,985 


Indemnity Fin*, 


200,000 


462,100 


205,414 


256,686 


101,163 


Indianapolis Fire, . 


200,000 


510,187 


230,267 


279,920 


113,251 



XXVI 



REPORT OF THE 



Table VIII. — Insurance Companies of Other States — Concluded. 











Surplus to 




NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Policy 

Holders 

Dec. 31, 

1904. 


Expenses. 


Ins. Co. of North America, 


$3,000,000 


$11,878,262 


$6,383,374 


$5,494,888 


$2,359,577 


Ins. Co. State of Pennsylvania, 


200,000 


608,857 


354,546 


254,311 


74,066 


Lumber, . . . . 


200,000 


364,525 


81,807 


282,718 


32,721 


Lumberman's Mutual, . 


- 


194,622 


76,192 


118,430 


28,880 


Manufacturers' Mutual Fire, . 


- 


647,017 


235,144 


411,873 


26,439 


Mechanics', .... 


250,000 


1,049,624 


587,532 


462,092 


137,860 


Mechanics' Mutual Fire, 


- 


395,153 


159,248 


235,905 


17,926 


Mechanics' and Traders', 


300,000 


634,183 


225,369 


408,814 


111,308 


Mercantile Mutual Fire, . 


- 


212,967 


104,062 


108,905 


26,477 


Merchants' Mutual Fire, 


- 


405,796 


145,587 


260,209 


16,509 


Middlesex Mutual, . 


_ 


902,263 


219,338 


682,925 


55,289 


Millers' National, 


200,000 


922,280 


248,183 


674,097 


111,638 


Milwaukee Fire, 


200,000 


607,034 


296,442 


310,592 


128,418 


Milwaukee Mechanics', . 


200,000 


2,875,066 


1,499,676 


1,375,390 


593,015 


Nassau Fire, .... 


200,000 


696,311 


282,132 


414,179 


153,798 


National Fire 


1,000,000 


6,436,175 


3,844,803 


2,591,372 


1,308,138 


National Union Fire, 


750,000 


1,821,784 


785,698 


1,036,086 


377,949 


Newark Fire, .... 


250,000 


718,953 


178,040 


540,913 


91,729 


New Hampshire Fire, 


1,000,000 


3,911,743 


1,713,885 


2,197,858 


674,206 


New York Fire, 


200,000 


535,861 


273,526 


262,335 


170,411 


Niagara Fire, .... 


500,000 


4,260,304 


2,318,756 


1,941,548 


1,019,892 


North British and Mercantile, 


200,000 


756,015 


138,702 


617,313 


53,946 


Northern, 


350,000 


721,283 


300,749 


420,534 


161,768 


North German Fire, 


200,000 


502,668 


249,329 


253,339 


136,926 


North River, .... 


350,000 


1,481,183 


774,436 


706,747 


407,736 


Northwestern National, . 


600,000 


3,812,117 


2,062,693 


1,749,424 


713,143 


Orient, 


500,000 


2,200,985 


1,083,437 


1,117,548 


397,844 


Pawtucket Mutual Fire, . 


- 


444,174 


196,262 


247,912 


37,135 


Pelican Assurance, . 


200,000 


489,606 


220,803 


268,803 


111,202 


Pennsylvania Fire, . 


400,000 


6,386,711 


3,443,725 


2,942,986 


989,473 


Phenix, 


1,000,000 


7,943,137 


5,316,415 


2,626,722 


2,204,511 


Philadelphia Mfrs ' Mut. Fire, 


- 


308,902 


130,539 


178,363 


24,796 


Phoenix, 


2,000,000 


7,073,218 


3,472,394 


3,600,824 


1,461,165 


Providence Mutual Fire, 


- 


572,228 


163,727 


408,501 


25,815 


Providence- Washington, 


500,000 


2,640,599 


1,875,961 


764,638 


763,115 


Queen, 


1,000,000 


6,111,169 


2,966,227 


3,144,942 


1,099,365 


Reliance, 


300,000 


1,127,079 


692,169 


434,910 


250,882 


Rhode Island Mutual Fire, 


- 


880,160 


315,601 


564,559 


35,452 


Rochester German, . 


200,000 


1,515,750 


935,284 


580,466 


426,707 


Security 


400,000 


1,597,420 


915,348 


682,072 


365,871 


Security Fire 


200,000 


427,093 


191,355 


235,738 


130,618 


Spring Garden, 


400,000 


1,650,156 


1,130,851 


519,305 


340,624 


Star Fire, 


200,000 


313,806 


101,968 


211,838 


80,807 


State Mutual Fire, . 


- 


1,167,080 


495,015 


672,065 


56,424 


St. Paul Fire and Marin.-, 


500,000 


3,966,191 


2,467,399 


1,498,792 


1,082,227 


Teutonia 


250,000 


807,773 


476,898 


330,875 


225,858 


Traders', ... 


500,000 


2,806,424 


1,320,509 


1,485,915 


569,266 


Union, 


200,000 


623,687 


299,181 


324,506 


148,645 


Union Mutual Fire, . 


- 


358,218 


104,464 


253,754 


7,637 


United Firemen's, . 


300,000 


1,757,741 


1,296,395 


461,346 


194,383 


United States Fire, . 


250,000 


731,912 


447,461 


284,451 


193,709 


United States Lloyds, 


- 


1,191,720 


728,-567 


463,153 


242,625 


Victoria Fire, . 


200,000 


350,539 


107,281 


243,258 


49,978 


Westchester Fire, . 


300,000 


3,587,880 


1,946,705 


1,641,175 


834,826 


Western, 


300,000 


624,792 


287,964 


336,828 


136,099 


What Cheer Mutual Fire, 


_ 


335,841 


165,829 


170,012 


28,127 


Williamsburgh City Fire, 


250,000 


2,584,999 


1,046,456 


1,538,543 


469,630 


Totals 


$49,602,875 


! $293,319,019 


$144,055,476 

1 


$149,263,543 


$52,222,245 



INSURANCE COMMISSIONER. 



XXV11 



Table IX. — Insurance Companies of Other States. 
Fire Business, 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1904. 


Premiums. 


Losses 
Paid. 


^Etna, .... 


$6,438,816 


$6,209,263 


$674,505,508 


$5,517,601 


$3,358,449 


Agricultural, 


1,402,962 


1,389,435 


242,885,500 


1,289,698 


822,996 


Albany, .... 


243,284 


209,450 


29,050,432 


210,068 


110,833 


American, .... 


2,213,695 


1,999,727 


396,610,289 


2,028,857 


1,119,447 


American Central, . 


2,091,324 


2,057,157 


241,679,787 


1,929,717 


1,199,809 


American Fire, . 


1,901,042 


1,892,724 


234,817,647 


1,742,999 


1,166,222 


American Lloyds, 


278,038 


200,200 


28,743,358 


255,822 


64,472 


American Mutual Fire, . 


242,211 


215,409 


27,483,804 


231,351 


11,680 


Assurance Co. of America, 


458,508 


683,451 


49,022,380 


421,756 


512,418 


Atlantic Mutual, 


3,385,736 


2,889,232 


- 


- 


- 


Blackstone Mutual, . 


609,029 


571,714 


70,223,545 


578,980 


56,113 


British American, 


245,935 


258,516 


35,517,174 


195,899 


173,069 


Buffalo Commercial, 


275,937 


222,889 


29,350,469 


260,414 


117,042 


Buffalo German, 


626,304 


518,722 


87,036,061 


511,175 


238,133 


Caledonian-American, 


19,371 


18,752 


1,758,090 


9,671 


5,360 


Camden Fire, 


705,486 


589,024 


68,995,424 


643,988 


318,943 


Capital Fire, 


308,328 


253,493 


34,478,547 


284,638 


128,292 


Central Manfrs.' Mutual, . 


204,210 


168,973 


8,865,899 


199,736 


94,958 


Citizens' (St. Louis), 


496,763 


513,318 


47,393,103 


471,739 


335,792 


Colonial Assurance, . 


502,666 


493,178 


37,052,483 


481,296 


300,509 


Colonial Fire, . 


160,865 


149,932 


13,058,338 


146,999 


85,680 


Columbia, .... 


88,528 


88,070 


- 


- 


- 


Commerce, 


229,977 


205,634 


25,508,795 


206,642 


104,549 


Commercial Union Fire, . 


253,981 


206,861 


25,532,536 


240,969 


126,887 


Commonwealth, 


426,452 


361,882 


42,476,500 


363,172 


193,921 


Concordia Fire, 


737,065 


655,749 


107,893,080 


697,711 


322,017 


Connecticut Fire, 


3,234,820 


3,102,525 


419,088,911 


3,037,203 


1,834,134 


Continental, 


6,507,734 


6,816,734 


1,061,834,334 


5,920,807 


3,678,369 


Delaware, . 


903,982 


965,685 


117,784,976 


825,797 


589,484 


Detroit Fire & Marine, 


478,806 


460,331 


46,542,764 


340,398 


210,720 


Dutchess 


651,268 


613,880 


72,844,304 


606,821 


386,859 


Eastern, .... 


140,486 


100,766 


8,147,029 


123,947 


83,390 


Empire City Fire, 


234,296 


171,406 


17,312,618 


225,115 


91,569 


Enterprise Mutual Fire, . 


241,704 


214,955 


27,521,491 


231,546 


11,680 


Equitable Fire & Marine, . 


895,565 


942,330 


89,288,173 


812,847 


568,445 


Farmers' Fire, . 


546,742 


623,858 


70,310,714 


513,861 


401,184 


Federal, .... 


1,153,201 


830,737 


24,897,889 


327,569 


146,270 


Fire Association, 


4,184,771 


4,084,531 


545,048,338 


3,848,013 


2,314,822 


FirelD8.Co.,Co.ofPhila„ 


294,684 


254,581 


37,947,767 


247,652 


111,015 


Fireman's Fund, 


4,492,357 


3,822,404 


420,741,156 


3,775,985 


2,005,458 


Firemen's (Newark), 


1,118,250 


881,858 


156,067,978 


956,926 


395,388 


Firemen's Mutual, . 


938,026 


874,224 


105,922,195 


868,856 


65,607 


Franklin Fire, . 


887,875 


1,014,011 


158,285,478 


761,401 


549,012 


German (Freeport), 


3,607,120 


2,832,590 


502,910,750 


3,414,399 


1,445,940 


German Alliance, 


507,771 


483,707 


60,976,044 


458,643 


302,167 


German American, . 


5,848,129 


5,265,896 


916,013,252 


5,326,190 


3,071,517 


German American Fire, . 


296,361 


439,981 


21,841,915 


115,934 


377,671 


German Fire (Peoria), 


538,748 


524,527 


55,787,644 


510,215 


316,391 


German Fire (Pittsburgh), 


625,210 


455,537 


63,442,438 


494,840 


222,869 


Germania Fire, . 


2,710,164 


2,438,135 


505,400,605 


2,414,277 


1,301,614 


Girard Fire & Marine, 


681,610 


592,277 


137,666,044 


544,487 


213,669 


Glens Falls, ... 


1,609,470 


1,487,281 


238,255,069 


1,369,356 


808,450 


Granite State Fire, . 


434,390 


406,504 


49,162,659 


409,181 


247,113 


Hanover Fire, . 


2,875,631 


2,957,501 


423,679,714 


2,685,569 


1,794,472 


Hartford Fire, . 


12,511,848 


11,757,106 


1,431,569,959 


11,986,355 


7,107,573 


Home, .... 


9,335,767 


8,682,457 


1,298,270,327 


8,224,383 


5,141,987 


Home Fire & Marine, 


1,182,496 


1,059,081 


109,331,576 


1,075,654 


588,662 


Hope Mutual Fire, . 


312,102 


283,862 


31,304,105 


285,380 


23,907 


Indemnity Fire, 


287,874 


285,250 


26,429,688 


273,818 


184,087 


Indianapolis Fire, 


315,646 


270,671 


25,974,518 


296,963 


144,705 



XXV111 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Concluded. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1904. 


Premiums. 


Losses 
Paid. 


Ine. Co. of N. America, . 


$7,651,604 


$7,118,839 


$712,314,883 


$5,356,830 


$3,284,925 


Ins. Co. State of Penn., . 


218,320 


193,825 


20,410,443 


181,053 


72,216 


Lumber 


423,195 


60,119 


6,912,974 


119,426 


27,398 


Lumberman's Mutual, 


147,075 


89,355 


5,123,804 


142,553 


26,878 


Manufrs.' Mutual Fire, 


479,750 


437,989 


56,491,594 


460,630 


37,389 


Mechanics', 


373,632 


338,976 


53,623,326 


312,147 


166,359 


Mechanics' Mutual Fire, . 


323,259 


285,268 


37,986,607 


311,760 


14,058 


Mechanics' & Traders', . 


369,678 


327,257 


31,129,906 


343,831 


214,960 


Mercantile Mutual Fire, . 


208,820 


206,324 


21,475,768 


200,135 


31,837 


Merchants' Mutual Fire, . 


299,997 


277,644 


34,381,884 


284,424 


21,331 


Middlesex Mutual, . 


164,732 


160,861 


49,995,612 


124,622 


103,746 


Millers' National, 


575,038 


415,273 


31,322,273 


183,869 


303,635 


Milwaukee Fire, 


342,438 


289,517 


40,469,087 


306,593 


161,099 


Milwaukee Mechanics', . 


1,582,490 


1,585,151 


205,700,488 


1,445,268 


901,421 


Nassau Fire, 


450,409 


407,676 


43,371,515 


430,124 


233,072 


National Fire, . 


4,676,644 


4,767,333 


593,590,874 


4,423,660 


2,898,014 


National Union Fire, 


1,031,098 


867,874 


99,787,746 


951,861 


489,926 


Newark Fire, 


219,649 


195,464 


33,219,814 


193,600 


77,332 


New Hampshire Fire, 


1,959,581 


2,081,187 


239,437,922 


1,782,481 


1,289,320 


New York Fire, 


444,935 


416,715 


39,401,580 


430,339 


228,933 


Niagara Fire, 


3,377,761 


2,592,536 


364,632,359 


2,652,912 


1,472,624 


N. British & Mercantile, . 


195,687 


128,546 


34,644,568 


169,953 


54,600 


Northern, .... 


428,901 


505,472 


44,546,649 


404,052 


337,148 


North German Fire, . 


421,570 


340,795 


27,615,004 


348,673 


191,869 


North River, 


1,258,956 


974,453 


107,341,464 


1,043,085 


534,095 


Northwestern National, . 


1,591,288 


1,436,451 


337,681,029 


1,451,622 


632,330 


Orient, .... 


1,238,059 


1,213,070 


157,475,778 


1,117,371 


729,023 


Pawtucket Mutual Fire, . 


126,135 


114,564 


26,341,922 


107,660 


50,823 


Pelican Assurance, . 


360,293 


355,604 


34,705,782 


297,655 


244,402 


Pennsylvania Fire, . 


3,061,855 


2,961,207 


484,006,752 


2,776,450 


1,827,256 


Phenix, .... 


6,147,511 


5,798,843 


792,488,259 


5,875,727 


3,396,232 


Phila. Mfrs.' Mutual Fire, 


289,690 


267,188 


28,245,151 


276,081 


22,526 


Phoenix, .... 


4,221,139 


3,920,741 


560,327,114 


3,964,908 


2,170,562 


Providence Mutual Fire, . 


105,070 


84,905 


29,237,943 


80,524 


35,310 


Providence-Washington, . 


2,428,046 


2,281,590 


237,564,509 


1,985,630 


1,228,259 


Queen, .... 


3,616,007 


4,071,983 


410,885,501 


3,344,964 


2,357,836 


Reliance, .... 


651,666 


724,242 


82,781,201 


600,105 


440,698 


R. I. Mutual Fire, . 


647,917 


591,425 


75,641,564 


617,982 


48,242 


Rochester German, . 


1,205,702 


1,303,822 


130,559,232 


1,107,458 


847,218 


Security, .... 


983,659 


837,595 


137,505,857 


890,905 


417,156 


Security Fire, . 


498,451 


390,828 


25,515,571 


315,478 


256,210 


Spring Garden, . 


1,037,433 


951,148 


133,780,480 


920,513 


538,903 


Star Fire, .... 


204,288 


144,527 


11,548,741 


195,952 


63,721 


State Mutual Fire, . 


1,009,437 


941,013 


117,358,967 


969,135 


70,599 


St. Paul Fire & Marine, . 


3,498,391 


3,187,273 


280,398,357 


2,816,142 


1,732,486 


Teutonia, .... 


696,408 


694,093 


56,593,512 


650,157 


433,911 


Traders', .... 


1,633,929 


1,573,790 


177,558,119 


1,521,614 


952,819 


Union, .... 


573,704 


441,983 


43,504,037 


330,173 


281,712 


Union Mutual Fire, . 


55,897 


42,314 


18,634,374 


31,994 


11,471 


United Firemen's, 


589,348 


601,235 


110,496,424 


466,228 


319,510 


United States Fire, . 


480,051 


529,175 


63,152,409 


454,018 


322,304 


United States LloydH, 


736,200 


533,409 


-, 


- 


- 


Victoria Fire, 


171,829 


172,052 


16,578,353 


162,089 


122,074 


Westchester Fire, 


2,211,211 


2,211,204 


336.655,331 


2,02S,04l 


1,296,086 


Western, .... 


374,765 


381,641 


42,234,^38 


346,513 


226,239 


What Cheer Mutual Fire, . 


333,018 


319,241 


35,016,144 


320,336 


26,148 


Williamsburgh City Fire, 1 


1,322,929 


1,255,541 


182,480,777 


1,148,288 


695,091 


Totals, 


$164,757,962 


$154,418,080 


$19,949,423,443 


$142,006,880 


$82,625,133 



INSURANCE COMMISSIONER. 



XXIX 



Table IX. — Insurance Companies of Other States — Concluded. 

Marine Business. 



NAME OF COMPANY. 



Amount at 

Risk 

Dec. 31,1904. 



Premiums. 



Losses 
Paid. 



^Etna, 

Atlantic Mutual, 
Colonial Assurance, . 
Columbia, .... 
Detroit Fire and Marine, . 

Equitable Fire and Marine, 
Federal, .... 
Fireman's Fund, 

Home 

Home Fire and Marine, 



Insurance Co. of North America, 
Mechanics' and Traders', . 
Northwestern National, 

Orient, 

Providence-Washington, . 



Security, 

8t. Paul Fire and Marine, 

Teutonia, 

United States Fire, . 

United States Lloyds, 

Totals, . . 



$7,245,650 
131,675,520 

3,976,904 
866,512 

243,281 

40,833,541 

7,579,209 

12,456,205 

534,088 

6,571,245 

3,265,100 

6,047,267 

209,065 
3,833,777 

10,480,122 



$235,817,486 



$331,187 

2,785,827 

71,283 
65,431 

23,574 
758,050 
489,403 
266,718 

40,529 

1,819,416 
4,111 
4,132 

356,214 

21,725 

425,088 
21,290 

652,984 



$8,136,962 



$212,520 

824,156 

1,571 

66,486 

54,030 

20,365 
321,895 
257,764 
174,516 

25,782 

1,048,538 

639 

1,305 

240,216 

14,302 

272,206 

4,508 

3,642 

240,784 



$3,785,225 



XXX 



REPORT OF THE 



Table X. — United States Branches, Foreign Companies. 



[All companies in this list have a deposit capital of $200,000, except those doing a marine 
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under 
section 94, chapter 118, Revised Laws, all general deposits in excess of what is sufficient to 
enable the company to comply with the law as regards capital are counted as surplus funds.] 



NAME OF COM- 
PANY. 


Location. 


Amount at 

Risk 
Dec. 31, 1904. 


Admitted 

Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 1904. 


Aachen & Munich Fire, 


Aix-la-Chapelle, 


$105,713,446 


$1,166,140 


$802,633 


$363,607 


Alliance Assurance, 


London, . 


44,548,616 


888,460 


360,262 


528,198 


Atlas Assurance, . 


London, . 


145,503,706 


1,679,849 


1,021,304 


658,545 


British Am. Assurance, 


Toronto, . 


136,985,511 


1,365,257 


1,069,196 


296,061 


British & For. Marine,* 


Liverpool, 


9,787,377 


1,138,419 


667,339 


471,080 


Caledonian, . 


Edinburgh, 


175,945,723 


1,670,744 


1,164,638 


506,106 


Cologne Reinsurance, . 


Cologne, . 


87,565,633 


796,230 


519,883 


276,347 


Commercial Union Ass , 


London, . 


612,026,034 


5,152,065 


3,789,050 


1,363,015 


Hamburg-Bremen Fire, 


Hamburg, 


215,305,490 


1,906,176 


1,605,386 


300,790 


Law, Union & Crown, . 


London, . 


44,750,350 


755,151 


331,776 


423,375 


Liverp. & Lon. & Globe, 


Liverpool, 


1,034,960,745 


11,356,018 


7,060,254 


4,295,764 


London Assur. (Fire), . 


London, . 


215,906,271 


2,180,821 


1,401,200 


779,621 


London Ass. (Marine),* 


London, . 


6,026,080 


555,764 


168,108 


387,656 


Lon. & Lancashire Fire, 


Liverpool, 


354,778,443 


2,766,533 


2,044,950 


721,583 


Mannheim,* . 


Mannheim, 


23,176,003 


461,696 


156,002 


305,694 


Marine,* .... 


London, . 


44.624,555 


779,539 


189,566 


589,973 


Moscow Fire, . 


Moscow, . 


84,882,141 


965,768 


587,412 


378,356 


Munich Reinsurance, . 


Munich, . 


365,827,558 


3,450,176 


2,683,503 


766,673 


National Assurance, 


Dublin, . 


40,135,077 


586,746 


353,222 


233,524 


No. British & Mercantile, 


London, . 


588,896,579 


5,898,886 


3,543,964 


2,354,922 


Northern Assurance, . 


London, . 


349,047,472 


3,770,410 


2,518,390 


1,252,020 


Norwich Union Fire, 


Norwich, 


287,456,989 


2,704,151 


1,869,352 


834,799 


Palatine, .... 


London, . 


157,779,435 


1,970,244 


222,991 


1,747,253 


Phoenix Assurance, , 


London, . 


316,167,518 


3,110,703 


2,141,555 


969,148 


Prussian National, 


Stettin, . 


89,149,775 


1,131,797 


679,167 


452,630 


Rossia 


St. Petersburg, 


64,707,477 


974,926 


570,716 


404,210 


Royal 


Liverpool, 


841,589,085 


8,165,052 


5,370,072 


2,794,980 


Royal Exchange Ass., . 


London, . 


187,198,283 


2,191,557 


1,460,360 


731,197 


Salamandra, . 


St. Petersburg, 


119,637,683 


1,206,231 


949,758 


256,473 


Scottish Union 8s Nat'l, 


Edinburgh, 


295,068,012 


4,546,825 


1,877,325 


2,669,500 


Skandia 


Stockholm, 


90,372,769 


963,582 


671,894 


291,688 


State Fire, 


Liverpool, 


17,337,513 


336,982 


149,025 


187,957 


Sun, .... 


London, . 


356,039,198 


2,959,110 


2,123,060 


836,050 


Svea Fire & Life, . 


Gothenburg, . 


49,751,457 


806,277 


475,922 


330,355 


Thames & Mersey Mar.,* 


Liverpool, 


6,672,997 


552,322 


316,160 


236,162 


Union Assurance, . 


London, . 


137,447,859 


1,642,525 


909,726 


732,799 


Union Marine,* 


Liverpool, 


8,757,895 


599,288 


232,340 


366,948 


Western Assurance, 


Toronto, . 


250,036,790 


2,262,073 


1,734,277 


527,796 




$7,961,563,545 


$85,414,493 


$53,791,638 


$31,622,855 



INSURANCE COMMISSIONER. 



XXXI 



Table XI. — United States Branches, Foreign Companies. 



NAME OF COMPANY. 



Income. 



Disburse- 
ments. 



Expenses. 



Premiums. 



Losses 
Paid. 



Aachen & Munich Fire, 
Alliance Assurance, . 
Atlas Assurance, 
British America Assurance, 
British & Foreign Marine, . 

Caledonian, .... 
Cologne Reinsurance, 
Commercial Union Assurance, 
Hamburg-Bremen Fire, 
Law, Union & Crown, 

Liverpool & London & Globe, 
London Assurance (Fire), 
London Assurance (Marine), 
London & Lancashire Fire, 
Mannheim, .... 



Marine, 
Moscow Fire, 
Munich Reinsurance, . 
National Assurance, . 
North British & Mercantile 

Northern Assurance, . 

Norwich Union Fire, . 

Palatine, 

Phoenix, 

Prussian National, 

Rossia, .... 

Royal, .... 

Royal Exchange Assurance, 

Salamandra, 

Scottish Union & National, 

Skandia, 
State Fire, . 

Sun 

Svea Fire & Life, 
Thames & Mersey Marine, 

Union Assurance, 
Union Marine, 
Western Assurance, . 

Totals, . 



$1,204,654 

952,051 

1,980,132 

1,575,582 

1,105,406 


$1,029,905 

847,718 

1,456,705 

1,577,447 

1,287,162 


1,402,554 

577,969 

5,128,941 

1,978,177 

555,450 


1,335,340 

513,698 

4,134,372 

1,843,414 

532,667 


7,815,715 

1,798,206 
356,233 

2,282,340 
624,192 


7,830,925 
1,713,362 

345,313 
2,018,546 

659,723 


658,982 
955,709 

4,262,957 
536,699 

4,697,016 


492,250 
672,380 

4,032,299 
564,959 

4,292,848 


3,723,600 
2,785,973 
1,509,296 
3,136,369 
795,166 


3,120,218 
2,702,736 
1,370,654 
2,923,324 
702,404 


1,492,086 
6,730,285 
2,050,196 
1,515,064 
2,149,957 


400,313 
6,808,110 
1,962,921 
1,355,449 
2,010,843 


963,874 
290,477 
2,984,065 
614,013 
579,696 


958,122 
291,465 
2,759,262 
563,548 
583,173 


1,737,154 

557,540 

2,814,322 


1,662,939 

507,833 

2,853,851 


$76,878,098 


$70,718,198 



$381,241 
157,702 
482,552 
510,836 
220,033 

481,616 
166,254 
1,698,601 
677,641 
145,614 

2,387,636 
546,498 
103,424 
751,279 
201,640 

146,024 
266,992 

1,159,497 
154,945 

1,393,314 

839,581 
795,590 
490,536 
931,861 
291,774 

279,014 
1,817,562 
666,071 
376,164 
693,110 

255,907 
74,546 
863,614 
229,022 
107,520 

405,608 
99,634 

888,442 



$22,138,895 



$984,146 

471,034 

1,378,230 

1,512,029 

717,361 

1,311,739 
555,383 

4,673,863 

1,806,768 

412,385 

6,974,168 
1,567,405 

337,633 
2,173,727 

612,442 

638,112 
924,366 

3,812,638 
377,684 

4,080,388 

2,479,964 
2,126,045 
1,413,137 

2,577,365 
762,084 

895,178 
5,259,041 
1,570,124 
1,327,605 
1,964,274 

824,605 
210,065 
2,329,817 
591,887 
535,289 

1,142,935 

404,675 

2,639,141 



$64,374,732 



$634,895 
190,694 
664,982 

1,062,979 
206,739 

815,357 

262,115 

2,408,626 

1,029,284 

328,102 

4,928,258 
878,168 
127,980 

1,252,639 
329,993 

193,825 
405,389 

2,872,802 

409,036 

2,870,467 

1,877,334 
1,662,145 

880,118 
1,991,463 

372,016 

121,299 
3,369,200 
1,220,769 

828,543 
1,288,679 

546,137 
179,799 
1,706,763 
309,813 
270,183 

957,463 

376,360 

1,962,533 



$41,792,947 



XXX11 



REPORT OF THE 



Table XII. — Massachusetts Business for 1904. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



Abington, 
Annisquam, 
Arkwright, 
Attleborough, . 
Barnstable County, 

Berkshire, 

Boston Manufacturers', 

Bristol County, 

Cambridge, 

Citizens', . 

Cotton and "Woolen, 

Dedham, . 

Dorchester, 

Fall River Manufacturers 

Fitchburg, 

G-roveland, 
Hampshire, 
Hingham, 
Holyoke, . 
Industrial, 

Lowell, 

Lumber, . 

Lynn, 

Merchants' and Farmers 

Merrimack, 

Middlesex, 

Mutual Fire Assurance, 
Mutual Protection, . 
Newburyport, . 
Norfolk, . 

Paper Mill, 

Quincy, 

Rubber Manufacturers', 

Salem, 

Salisbury and Amesbury 

Saugus, 
South Danvers, 
Traders' and Mechanics' 
West Newbury, 
Whiting, . 



Worcester Manufacturers', 
Worcester, 



Totals, 



$2,154,749 

65,463,539 

985,599 

2,358,104 

3,273,413 

75,468,703 

288,300 

4,524,604 

6,436,070 

6,598,410 

2,375,309 

13,152,016 

22,175,919 

4,459,890 

342,896 

972,127 

5,938,296 

8,055,489 

3,662,216 

3,505,253 
1,555,127 
507,074 
4,763,591 
7,299,190 

10,976,197 

1,234,800 

2,028,123 

189,000 

6,065,494 

6,758,648 
7,438,949 
5,555,467 
2,550,077 
865,430 

863,430 
190,450 
8,126,981 
219,737 
673,885 

26,972,134 
10,538,064 



$337,562,750 



$32,975 

474,608 

9,056 

42,237 

41,941 

548,351 

1,817 

59,231 

82,114 

51,306 

36,118 

223,038 

168,981 

65,964 



15,115 

84,509 

114,949 

27,913 

56,753 

33,750 

6,936 

69,703 

106,338 

163,585 

20,049 

32,442 

2,792 

84,636 

49,008 

112,636 

42,529 

41,072 

7,313 



3,724 
119,657 

6,097 

197,365 
145,189 



$3,381,797 



$10,353 

229 

38,596 

3,031 

9,821 

14,536 
38,450 
789 
51,668 
17,708 

4,579 

8,901 

101,428 

11,650 

18,678 

3,189 

7,424 

31,369 

42,344 

3,475 

16,854 

6,934 

554 

26,439 

39,888 

57,340 

1,272 

11,145 

482 
20,816 

7,905 
32,756 

4,819 
21,805 

2,725 

720 

211 

43,814 

4,163 

600 

13,683 
40,389 



$773,532 



$10,428 

229 

36,240 

2,331 

14,470 

16,481 
37,477 
129 
41,154 
18,798 

4,573 

8,901 

106,478 

10,820 

20,043 

1,296 

8,424 

33,800 

41,816 

3,472 

18,915 

7,339 

375 

26,903 

42,061 

57,407 

1,272 

12,195 

428 

20,832 

10,041 
32,687 

4,813 
20,344 

2,725 

720 

211 

45,425 

4,142 

600 

12,896 
40,105 



$779,796 



INSURANCE COMMISSIONER. 



XXX111 



Table XII. — Massachusetts Business for 1904 — Continued. 

Massachusetts Mutual Fire-Marine Companies. 

Fire Business. 





NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 




$2,175,452 


$24,555 


$18,819 


$19,867 


Marine Business. 




$167,841 


$168,636 


$163,903 



Massachusetts Stock Companies. 
Fire Business. 



American, 

Boston, .... 
Mercantile Fire and Marine, 
Springfield Fire and Marine, 

Totals, 



$1,655,969 

14,572,366 

5,474,020 

20,260,313 



$41,962,668 



$14,927 

166,857 

59,708 

201,244 



$442,736 



$19,638 
75,671 
32,214 
90,641 



$218,164 



$22,646 
80,152 
34,119 

86,666 



$223,583 



Marine Business. 



Boston, 



$51,482,177 $481,532 $240,546 



$275,287 



Companies of Other States. 
Fire Business. 



^Etna, 

Agricultural, . 
Albany, . 
American, 
American Central, 



American Fire, 
American Lloyds, . 
American Mutual Fire, 
Assurance Company of America, 
Blackstone Mutual Fire, 

British American, . 
Buffalo Commercial, 
Buffalo German, 
Caledonian-American, . 
Camden Fire, .... 



Capital Fire, .... 
Central Manufacturers' Mutual, 
Citizens' (Mo.), 
Colonial Assurance, 
Colonial Fire, .... 



$31,740,395 

9,169,800 

3,829,651 

4,704,787 

11,296,815 

7,009,114 
2,961,142 
5,951,837 

2,750,078 
19,846,855 

1,354,923 
1,250,310 
1,800,244 
829,867 
3,723,765 

3,058,723 
571,412 
4,595,725 
2,643,036 
2,456,853 



$312,443 

81,391 

36,415 

53,168 

127,411 

71,710 
20,735 
44,037 
23,453 
148,198 

17,437 
10,763 
23,039 
10,615 
43,901 

31,156 
13,915 
62,344 
30,897 
31,400 



$170,264 
41,121 
15,734 
25,255 
68,555 

19,198 

8,587 

963 

16,049 

14,332 

12,466 
6,193 

14,172 
5,737 

21,155 

16,959 
1,697 
36,807 
13,014 
11,399 



$171,422 
47,015 
16,135 
24,847 
70,422 

36,706 

8,890 

983 

19,292 

13,288 

15,808 
8,304 

15,425 
6,395 

26,054 

19,338 
2,102 
41,880 
15,733 
15,263 



XXXIV 



REPORT OF TUP] 



Table XII. — Massachusetts Business for 1904 — Continued. 

Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received 


Losses 
Paid. 


Losses 
Incurred. 


Commerce 


$1,426,499 


$13,172 


$5,752 


$7,814 


Commercial Union Fire, .... 


2,296,963 


22,846 


8,565 


11,560 


Commonwealth, 


4,869,245 


34,419 


12,818 


12,150 


Concordia Fire, 


2,224,422 


28,427 


16,308 


20,529 


Connecticut Fire, 


13,326,500 


143,927 


81,503 


68,748 


Continental, 


13,932,254 


204,211 


128,349 


122,454 


Delaware, 


4,956,880 


68,671 


31,771 


27,806 


Detroit Fire and Marine, .... 


1,176,512 


10,244 


5,903 


8,625 


Dutchess, 


3,498,929 


47,370 


32,702 


31,052 


Eastern Fire, 


47,750 


583 


- 


- 


Empire City Fire, 


1,609,642 


11,507 


8,216 


5,544 


Enterprise Mutual Fire, .... 


5,954,064 


43,994 


964 


984 


Equitable Fire and Marine, .... 


5,976,054 


59,619 


25,066 


26,921 


Farmers' Fire, 


3,473,003 


47,094 


32,530 


39,878 


Federal, 


2,323,430 


17,011 


4,237 


4,927 


Fire Association, 


17,071,447 


185,956 


97,277 


109,177 


Fire Insurance Co , County of Philadelphia, 


933,560 


8,124 


4,602 


4,580 


Fireman's Fund, 


11,501,979 


120,192 


65,662 


73,967 


Firemen's, 


6,413,216 


62,512 


29,241 


33,522 


Firemen's Mutual, 


34,467,805 


257,666 


21,454 


19,894 


Franklin Fire, 


3,244,451 


33,655 


10,554 


9,822 


German (111.), 


7,817,307 


77,366 


37,861 


41,671 


German Alliance, 


2,688,262 


26,510 


16,484 


17,499 


German American, 


23,571,674 


227,914 


111,793 


109,391 


German American Fire, .... 


339,900 


3,774 


1,012 


2,504 


German Fire (111.) 


898,410 


7,649 


3,657 


3,657 


German Fire (Pa.), 


4,830,740 


52,293 


27,896 


31,557 


Germania Fire, . . 


9,480,297 


94,923 


22,877 


31,158 


Girard Fire and Marine, .... 


2,691,167 


22,525 


14,423 


15,972 


Glens Falls, 


5,313,969 


39,464 


15,644 


18,313 


Granite State Fire 


7,009,904 


64,771 


35,357 


37,022 


Hanover Fire, 


8,808,112 


94,352 


33,381 


32,686 


Hartford Fire, 


27,130,103 


287,397 


97,918 


103,772 


Home, 


54,476,730 


441,188 


410,473 


394,243 


Home Fire and Marine, 


5,032,795 


50,804 


20,095 


25,964 


Hope Mutual Fire 


2,905,515 


23,381 


355 


322 


Indemnity Fire, 


1,071,056 


11,437 


7,531 


7,121 


Indianapolis Fire, 


293,959 


3,609 


1,066 


3,169 


Insurance Co. of North America, 


27,693,336 


285.248 


163,204 


160,199 


Insurance Co., State of Pennsylvania, . 


1,038,261 


12,443 


12,315 


13,237 


Lumber 


92,800 


1,379 


- 


- 


Lumbermen's Mutual 


524,144 


13,639 


1,217 


1,217 


Manufacturers' Mutual Fire, 


15,238,910 


114,003 


8,400 


7,528 


Mechanics' 


1,113,448 


11,307 


7,527 


11,688 


Mechanics' Mutual Fire, .... 


8,886,556 


66,645 


2,803 


2,279 


Mechanics' and Traders', .... 


2,767,109 


24,544 


12,348 


10,693 


Mercantile Mutual Fire, .... 


1,381,212 


11,901 


1,668 


1,668 


Merchants' Mutual, 


8,496,341 


62,750 


6,479 


6,421 


Middlesex Mutual, 


1,274,198 


16,618 


30,080 


33,942 


Millers' National 


211,500 


2;274 


2,639 


3,164 


Milwaukee Fire, 


360, 131 


3,531 


1,701 


1,899 


Milwaukee Mechanics', ..... 


2,238,436 


25,955 


14,963 


14,955 


Nassau Fire, 


2,806,223 


25,254 


6,354 


8,906 


National Kire 


20,650,886 


176,771 


91,014 


82,851 


National Union Fire, 


4,949,003 


51,538 


15,772 


20,272 



INSURANCE COMMISSIONER. 



XXXV 



Table XII. — Massachusetts Business for 1904 — Continued. 

Companies op Other States — Concluded. 

Fire Business — Concluded. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Newark Fire, 


$514,570 


$4,962 


$4,472 


$5,988 


New Hampshire Fire 


15,798,736 


145,835 


85,783 


82,309 


New York Fire 


2,324,576 


15,284 


6,232 


6,879 


Niagara Fire, 


20,138,286 


235,803 


118,456 


113,521 


North British and Mercantile, 


3,091,145 


20,752 


6,835 


5,293 


Northern, . 


2,575,071 


21,858 


5,979 


9,919 


North German Fire 


639,567 


5,756 


7,169 


7,605 


North River 


4,941,094 


59,303 


12,131 


19,588 


Northwestern National, . . ■ . 


3,226,443 


26,757 


8,569 


8,882 


Orient, 


5,971,224 


45,114 


22,159 


26,027 


Pawtucket Mutual Fire, .... 


1,068,391 


40,099 


18,414 


20,200 


Pelican Assurance, 


1,857,811 


11,350 


7,275 


8,458 


Pennsylvania Fire 


11,526,047 


137,078 


51,110 


53,894 


Phenix, 


18,476,018 


215,717 


84,324 


82,889 


Philadelphia Manufacturers' Mutual, . 


2,347,558 


18,353 


1,313 


1,328 


Phoenix, 


20,340,519 


197,700 


104,274 


85,060 


Providence Mutual Fire, .... 


1,152,899 


12,469 


3,911 


3,911 


Providence-Washington, .... 


12,614,240 


129,011 


65,023 


60,788 


Queen, 


14,065,632 


135,506 


53,900 


55,665 


Reliance, 


3,992,504 


37,870 


13,917 


14,850 


Rhode Island Mutual Fire, .... 


21,152,706 


160,661 


12,712 


11,622 


Rochester German, 


5,373,429 


66,511 


31,861 


29,459 


Security (Ct.), 


7,891,277 


75,166 


35,098 


35,926 


Security Fire (Md ), 


842,956 


9,733 


1,347 


2,136 


Spring Garden, 


6,061,771 


68,867 


33,940 


38,015 


Star Fire 


1,183,412 


17,928 


7,180 


11,319 


State Mutual Fire, 


36,347,621 


274,862 


18,164 


19,236 


St. Paul Fire & Marine 


6,434,881 


58,399 


34,106 


37,938 


Teutonia, 


3,737,389 


40,487 


25,254 


27,001 


Traders', 


6,466,464 


79,482 


48,142 


40,963 


Union 


3,783,151 


36,811 


20,184 


20,313 


Union Mutual Fire, 


265,025 


2,936 


534 


534 


United Firemen's, 


4,314,982 


41,883 


16,125 


17,667 


United States Fire, 


5,144,437 


50,592 


32,984 


35,227 


Victoria Fire, 


965,538 


6,206 


1,703 


2,708 


Westchester Fire, 


7,315,725 


83,692 


51,067 


49,951 


Western, 


1,838,385 


18,495 


16,615 


17,108 


What Cheer Mutual Fire, .... 


. 3,904,844 


30,254 


528 


495 


Williamsburgh City Fire, .... 


3,508,718 


53,440 


22,768 


22,330 


Totals, 

* 


$799,547,673 


$7,743,767 


$3,470,996 


$3,565,198 



Marine Business. 



-(Etna, .... 

Atlantic Mutual, 

Columbia, 

Equitable Fire and Marine, 

Fireman's Fund, 



Home 

Insurance Co. of North America, 

Orient 

Providence- Washington, 
St. Paul Fire and Marine, 

United States Lloyds, 

Totals, . 



$3,157,607 

47,154,000 

510,940 

1,096,081 

3,240,492 

677,900 
76,624,247 

14,182,140 
1,947,994 

58,604,773 



$207,196,174 



$53,293 

214,404 

8,002 

21,216 

25,092 

15,166 
283,954 

53,793 
26,275 

122,015 



$823,210 



$30,322 

68,587 

1,185 

21,846 

23,506 

3,041 

134,612 

783 

10,416 

16,444 

62,439 



$373,181 



$30,306 

68,587 

9,263 

26,771 

34,968 

2,194 
153,237 

20^,525 
15,983 

80,133 



$441,967 



XXXVI 



REPORT OF THE 



Table XII. — Massachusetts Business for 1904 — Continued. 

United States Branches, Foreign Companies. 

Fire Business. 



name op company. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



Aachen and Munich, . 
Alliance Assurance, . 
Atlas Assurance, 
British America Assurance, 
Caledonian, .... 



Cologne Reinsurance, 
Commercial Union Assurance, 
Hamburg-Bremen, 
Law, Union and Crown, 
Liverpool and London and Globe, 



London Assurance (Fire), 

London and Lancashire, 

Moscow, 

Munich Reinsurance, . 

National Assurance, . 



North British and Mercantile, 
Northern Assurance, . 
Norwich Union, . 
Palatine, .... 
Phoenix Assurance, 

Russian National, 

Rossia 

Royal, 

Royal Exchange Assurance, 
Salamandra, 



Scottish Union and National, 
Skandia, .... 

State, 

Sun, . . . 

Svea, 



Union Assurance, 
Western Assurance, 



$3,356,952 
4,529,426 
7,109,181 
3,520,367 
8,070,770 

4,887,462 

14,922,898 

6,152,197 

2,611,055 

30,948,481 

7,584,820 
13,277,700 

4,390,780 
25,720,640 

3,581,311 

19,999,674 
15,017,294 
12,357,398 
12,010,153 
9,586,833 

4,558,024 

2,619,434 

41,921,236 

12,789,344 

5,218,263 

9,122,872 
7,500,013 
1,380,995 
12,570,520 
2,167,608 

9,031,574 
6,753,192 



Totals, 



$325,268,467 



$43,594 
45,308 
61,049 
43,366 
96,086 

47,954 

152,453 

68,442 

15,850 

348,559 

82,052 
90,933 
35,654 
250,349 
51,929 

184,712 
99,751 
120,505 
132,226 
117,794 

38,874 

27,944 

365,097 

124,011 

52,733 

93,645 

54,303 

7,872 

158,315 

24,678 

52,334 

82,588 



$3,170,960 



$24,022 
18,432 
32,583 
17,274 
58,990 

30,477 

82,309 

30,718 

7,591 

191,991 

43,921 
41,206 
10,760 
119,418 
48,429 

73,485 
48,653 
64,380 
79,383 
74,066 

14,142 

5,616 

190,669 

75,691 

36,370 

51,435 
30,699 

5,608 
86,276 

8,970 

21,118 
71,214 



$1,695,896 



$24,690 
23,263 
35,788 
18,207 
62,370 

35,571 

73,634 

33,433 

6,613 

171,759 

43,344 
38,668 
12,630 
138,355 
48,748 

59,028 
48,792 
65,398 
83,839 
77,582 

16,005 
10,851 
180,336 
80,443 
42,663 

52,727 
29,633 

4,588 
88,707 

8,061 

24,409 
68,963 



$1,709,098 



Marine Business. 



British and Foreign Marine, 
Commercial Union Assurance, 
London Assurance (Marine), 
Mannheim, .... 
Marine, .... 

Thames and Mersey Marine, 
Union Marine, 



Totals, 



$34,775,714 

54,702,205 

10,482,131 

7,367,677 

265,239,238 

6,216,045 

290,085 



$379,073,095 



$105,689 
30,576 
37,786 
46,834 
53,820 
20,798 
1,054 



$102,258 
10,201 
22,811 
14,618 
31,016 
29,907 
631 



$296,557 $211,442 



$68,953 
34,711 
29,260 
16,920 
31,821 
24,034 
631 



$206,330 



Recapitulation. 

Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire marine com- 
panies, 

Massachusetts joint-stock companies, 

Compauies of other States, 

United States brauches 

Totals, 



$337,562,750 

2,175,452 

41,962,668 

799,547,673 

325,268,467 



$1,506,517,010 



$3,381,797 

24,555 

442,736 

7,743,767 

3,170,960 



$14,763,815 



$773,532 

18,819 

218,164 

3,470,996 

1,695,896 



$6,177,407 



$779,796 

19,867 

223,583 

3,565,198 

1,709,098 



$6,297,542 



INSURANCE COMMISSIONER. 



XXXV11 



Table XII. — Massachusetts Business for 1904 — Concluded. 

Recapitulation — Concluded. 

Marine Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Massachusetts mutual marine companies, 
Massachusetts joint-stock companies, 
Companies of other States, 
United States branches 


$12,900,500 

51,482,177 

207,196,174 

379,073,095 


$167,841 
481,532 
823,210 
296,557 


$168,636 
240,546 
373,181 
211,442 


$163,903 
275,287 
441,967 
206,330 




$650,651,946 


$1,769,140 


$993,805 


$1,087,487 



Table XIII. — Statement of the Receipts and Expenditures of the 
Insurance Department for the Year ending Dec. 31, 1904. 

[Made pursuant to Revised Laws, chapter 118, section 17.] 

Receipts. 



Compensation for valuation of life insurance policies, 
License fees, tiling statements, certiiicates, etc., 



515,528 97 
64,890 25 



,419 22 



Expenditures. 



Commissioner. 
Frederick L. Cutting, 



Deputy Commissioner. 
Frank H. Hardison, 



Actuary. 



Emma W. Cushman, 



Examiner. 



William H. Brown, 



Clerks. 
A. E. Linnell, first, 
W. O. Richardson, second, 
Minnie F. Whipple, third, 

Extra Clerks. 
L. G. Hodgkins, 

C. E. Weis 

M. E. Burrill,. 

Amounts carried forward, 



$2,000 00 
1,500 00 
1,200 00 



H 1,500 00 
1,000 00 
1,000 00 



$3,500 00 



<3,500 00 
2,500 00 
2,000 00 
2,000 00 



4,700 00 



$14,700 00 



XXXV111 REPORT OF THE INSURANCE COMMISSIONER. 



Table XIII. — Statement of Receipts, etc. — Concluded. 



Amounts brought forward, 



E. L. Johnson, 

F. M. Robbins, 

F. M. Page, . 
I. L. Baker, 

G. H. Manks, . 
G. C. Studley, 
G. M. Hall, . 
M. Sanborn. . 

F. E. Gowell, . 
M. L. McMann, 
L. H. Young, . 
E. G. Stevens, 
M. H. Dyer, . 
J. S. Davis, 
B. B. Hadley, . 
K. J. Con nor ton, 
S. E. Gould, . 
K. L. Seheut'ele, 
E. P. Bancroft, 
H. L. Richardson, 

G. L. Hemenway, 
A. Robinson, . 
M. F. Yeaton, . 
L, A. McGowan, 
G. E, Nelson, . 
G. L. Moore, . 
Extra clerical assistance, 



Expenses. 
Abstract of reported cases, .... 

Appraisals, 

Expenses of delegates to national convention, 
Extra clerical assistance, .... 
Newspapers, publications, etc., 

Postage, 

Printing and binding, 

Stationery and office supplies, 

Telegraph and telephone, 

Travelling expenses, examination of insurance 

companies, 

Sundries, 



Printing and binding Report. 

2,500 copies Part I. 

4,000 copies Part II., 



Total expenditures for 1904, .... 
Fees collected and turned into the State treasury, 

Surplus accrued to the Commonwealth, 



$3,500 00 

1,000 00 
1,000 00 
1,000 00 
1,000 00 
933 34 
900 00 
900 00 
900 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
750 00 
690 00 
617 33 
615 00 
560 00 
431 67 



$90 00 
65 00 

174 27 

115 73 
75 00 

510 58 
2,081 14 

307 24 
44 78 

460 23 
75 43 



J 1,658 92 
2,168 23 



$14,700 00 



25,717 34 



3,999 40 



3,827 15 



$48,243 89 
80,419 22 



$32,175 33 



FIRE AND MAEINE INSURANCE COMPANIES. 



Abstracts of Annual Statements for the Year ending 
December 31, 1904. 



ABINGTON MUTUAL FIRE INSURAXCE CO. 



MASSACHUSETTS MUTUAL FIRE INSURANCE COMPANIES, 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 
ISAAC C. HOWLAND, President. ALFRED II. NASH, Secretary. 

Amount of permanent fund Dec. 31, 1903, .... $41,72854 

Increase during the year, 8,271 46 

Permanent fund Dec. 31, 1904, $50,000 00 

Income. 

Net premiums, 133,470 44 

Interest on mortgage loans, $1,091.06; stocks and bonds, 

$2,490.20; all other, $873.80, 4,455 06 

Profit on sale or maturity of ledger assets, .... 336 25 

From all other sources, 98 65 

Total income, $ 38,360 40 

Ledger assets, Dec. 31, 1903, 104,365 26 

Total, $142,725 66 

Disbursements. 

Net amount paid for losses, $10,352 63 

Profits on terminated policies, 11,278 91 

Commissions or brokerage, . 5,175 78 

Salaries, fees, etc., of officers and employees, .... 2,330 37 

Rents 300 00 

Taxes and fees, 382 77 

Loss on sale or maturity of ledger assets, .... 175 00 

All other disbursements, 1,328 80 

Total disbursements, $31,324 26 

Balance, $111,401 40 

Ledger Assets. 

Mortgages, $18,981 21 

Stocks and bonds (Schedule A), 66,600 00 

Cash in banks and office, 21,576 31 

Agents 1 balances, 3,054 31 

Bills receivable, not matured, 1,189 57 

Total ledger assets $111,401 40 



ABINGTON MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $252 . 24 f bonds, $729 . 57, 
Market value of real estate over book value, . 



Gross assets, 



$981 81 
1,515 00 

$113,898 21 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 
Due for return premiums, 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, . 



$75 00 

52,126 51 

1,899 54 

164 36 

$54,265 41 
59,632 80 

$113,898 21 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prems. 

Risks outstanding Dec. 31, 1903, $6,279,188 00 $96,576 71 $96,576 71 

Risks written during 1904, . 2,241,033 00 35,659 89 35,659 89 



Total, $8,520,221 00 $132,236 60 $132,236 60 

Risks expired and terminated, . 1,983,473 00 30,814 74 30,814 74 



In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



1,536,748 00 $101,421 86 $101,421 86 
91,381 00 1,394 90 1,394 90 



1,445,367 00 $100,026 96 $100,026 96 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$10,428 00 



Schedule A. 
Slocks and Bonds owned by the Company. 

Book Value. 

10 shares State National Bank, Boston, . . $1,000 00 

14 " Metropolitan National B'k, Boston, . 1,400 00 
5 " Old Boston National Bank, Boston, . 500 00 

20 " South End National Bank, Boston, . 2,000 00 

15 " Abington National Bank, Abington, 1,500 00 
5 " Whitman National Bank, Whitman, 500 00 

14 " First N'l B'k, Salem (in liquidation), 700 00 

Portland & Ogdensburg R.R. bonds, . . 5,000 00 

Naumkeag Street Railway bonds, . . . 2,000 00 

Trenton Passenger Railway bonds, . . . 2,000 00 

Rockland & Abington Street Railway bonds, . 1,000 00 

Concord and Montreal R.R. debentures, . . 4,000 00 

Maine Central R.R. bonds, .... 2,000 00 

Illinois Central R R. Co. bonds, . . . 5,000 00 

Terminal R.R. Association, St. Louis, bonds, . 2,000 00 

Chicago, Burlington & Quincy R.R. Co. bonds, 3,000 00 



Market Value. 

$1,450 00 
1,610 00 

510 
1,860 
1,500 

500 

700 
5,200 
2,020 
2,340 
1,080 
4,010 
2,210 
4,510 
2,240 
2,850 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Old Colony R.R. Co. bonds, . 

Flint & Pere Marquette R.R. Co. bonds, 

Chicago & Northwestern R'y Co. bonds, 

South Abington (Mass ) bonds, 

Omaha (Neb.) city bonds, 

Taunton Street R'y Co. bonds, . 

Princeton & Northwestern R'y Co. bonds, 

N. Y. Central & Hudson River R.R. Co. bonds 

Boston city bonds, .... 

New Bedford city bonds, . 

Massachusetts State bonds, 

N Y., New Haven & Hart. R R. Co. bonds, 

Chicago Junction R'y Co. bonds, 

West End Street R'y Co. bonds, 



Book Value. 


Market Value. 


$4,000 00 


$3,960 00 


1,000 00 


1,200 00 


• 2,000 00 


2,220 00 


2,000 00 


2,060 00 


1,000 00 


1,000 00 


1,000 00 


1,035 00 


1,000 00 


960 00 


>onds, 2,000 00 


2,000 00 


5,000 00 


5,050 00 


2,000 00 


2,000 00 


5,000 00 


4,900 00 


ds, . 3,000 00 


3,075 00 


1,000 00 


990 00 


3,000 00 


3,075 00 


$66,600 00 


$68,115 00 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.] 

ELI AS DAVIS, President. WILLIAM H. JEWETT, Secretary. 

[This company relies upon assessments on deposit notes to pay losses and expenses.] 



Amount of permanent fund, 



$948 98 



Income. 

Interest on mortgage loans, $246 ; all other, $210.70, . 
Assessments for losses, 



Total income, 

Ledger assets, Dec. 31, 1903, $9,644.87, less error, $28.65, 



$456 70 
350 57 

$807 27 
9,616 22 






Total, $10,423 49 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, . 

Guarantee bond, 

All other disbursements, 

Total disbursements, 

Balance, . . . . 

Ledger Assets. 

Mortgages, 

Cash in banks and office, 

Office safe, 

Total ledger assets, 



$229 


11 


129 


18 


363 


81 


7 


25 


3 46 


15 


00 


3 55 


$751 


36 



►,672 13 



$3,413 94 


6,173 


19 


85 


00 



),672 13 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $63.61 ; other assets, $21.87, . 



$85 48 



Gross assets, 



Assets not admitted. 



>,757 61 
85 00 



Office safe, 

Total admitted assets, $9,672 61 

Liabilities. 
Return assessments on cancelled policies, .... $21 50 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1903,* . . . $323,255 00 
Risks written during 1904, 



Total, 

Risks expired and terminated, . 

In force at end of year, . . . . 

Miscellaneous 
Losses incurred during the year, 



49,550 00 

$372,805 00 
74,525 00 



$298,280 00 $7,568 47 
$229 00 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 
R. W. TOPPAN, President. ' D. W. BARTLETT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $1,283,446 89 

Interest on bonds, 42,248 04 

Total income, $1,325,694 93 

Ledger assets, Dec. 31, 1903, 1,188,824 07 

Total, $2,514,519 00 

Disbursements. 

Net amount paid for losses, $88,933 75 

Profits on terminated policies, 1,076,388 81 

Salaries, fees, etc., of officers and employees, . . . . 27,321 00 

Rents, " 2,701 68 

Taxes and fees, 13,554 95 

Inspections, 19,584 94 

All other disbursements, 6,159 15 

Total disbursements, $1,234,644 28 

Balance, $1,279,874 72 

* $312,550, plus error, $107.05. 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



.Ledger Assets. 



Bonds (Schedule A), 
Cash in banks and office, . 
Premiums in course of collection, 

Total ledger assets, . 



$1,149,903 13 

121,980 21 

7,991 38 

$1,279,874 72 



Non-Ledger Assets. 

Interest accrued on bonds, .... 
Market value of bonds over book value, . 



Gross assets, 



14,629 16 
22,984 87 

.,317,488 75 



Liabilities, 



Unpaid losses, 

Unearned premiums on outstanding risks, 
Accrued taxes, 

All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, 



$2,230 50 

636,483 53 

3,367 63 

$642,081 66 
675,407 09 

1,317,488 75 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstand'g Dec. 31, 1903, $152,617,691 00 $1,200,056 82 $6,000,284 10 
Risks written during 1904, . 174,755,181 00 1,339,916 92 6,699,584 60 



Total,. . . . $327,372,872 00 $2,539,973 74 $12,699,868 70 
Risks expired and terminated, 163,068,861 00 1,267,006 67 6,335,033 35 



In force at end of year, 



$164,304,011 00 $1,272,967 07 $6,364,835 35 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 88.97 per cent. 



$82,944 00 



Schedule A. 

Bonds owned by the Compa?iy. 



Commonwealth of Massachusetts bonds, 

Cambridge city bonds, 

Boston city bonds, 

Providence city bonds, 

Waltham city bonds, 

Lowell city bonds, 

Worcester city bonds, 

Fitch burs: Kailroad bonds 

Eastern Railroad bonds, 

Old Colony Railroad bonds, 

Boston & Lowell Railroad bonds, 



Book Value. 

$100,000 00 
40,000 00 
62,625 00 

'50,000 00 

10,000; oo 

20,000 00 
23,750 00 
61,900 00 
35,000 00 
40,000 00 
89,875 00 



Market Value. 

$96,000 00 
40,763 00 
61,050 00 
47,000 00 
10,275 00 
21,400 00 
25,000 00 
63,500 00 
36,225 00 
43,400 00 
94,900 00 



ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



Chicago, Burlington & Quincy R.R. bonds, 

Boston & Maine Railroad bonds, 

Philadelphia, Wilm. & Bait. R.R. bonds, . 

Boston & Providence R.R. bonds, 

Lake Shore & Mich. Southern R.R. bonds, 

Pennsylvania R.R. Co. bonds, . 

Chic June. R.R. & Union Stock Y'ds bonds, 

Boston & Albany. R.R. bonds, . 

Norwich & Worcester R.R. bonds, . 

N. Y , N. H. & Hartford R.R. bonds, 

Concord & Montreal R.R. bonds, 

American Telephone & Tel. Co. bonds, . 

Chicago & Northwestern R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Erie & Pittsburgh R.R. Co. bonds, . 

West End Street R'y bonds, 



Book Value. 

$47,000 00 
49,900 00 
20,000 00 
20,000 00 
49,500 00 
30,000 00 
23,718 75 
55,000 00 
54,550 00 

103,000 00 
25,000 00 
25,000 00 
28,968 75 
34,365 63 
24,750 00 
26,000 00 



Market Value. 

$50,300 00 
54,250 00 
20,900 00 
21,000 00 
49,750 00 
32,550 00 
26,750 00 
56,050 00 
53,500 00 

103,250 00 
26,250 00 
24,250 00 
28,750 00 
34,825 00 
24,500 00 
26,500 00 



$1,149,903 13 $1,172,888 00 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated Feb. 24, 1844. Commenced business July 18, 1845.] 
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary. 

Amount of permanent fund, f 16,901 35 



Income. 

Net premiums, $8,259.35; extra premiums, $123.85, . . $8,383 20 
Interest on mortgage loans, $1,425 . 38 ; stocks and bonds, $340 ; 

all other, $ 166. 26 1,93164 

Total income, $10,314 84 

Ledger assets, Dec. 31, 1903, 43,564 22 

Total, $53,879 06 

Disbursements. 

Net amount paid for losses, $3,031 37 

Commissions or brokerage, 796 70 

Salaries, fees, etc., of officers and employees, .... 1,794 58 

Rents, 36 00 

Taxes and fees, 135 35 

All other disbursements, 328 25 

Total disbursements, $6,122 25 

Balance, $47,756 81 

Ledger Assets. 

Mortgages, $30,125 00 

Stocks and bonds (Schedule A), 8,910 97 



8 ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 

Cash in banks and office, $5,418 33 

Agents' balances, 2,802 51 

Personal notes, 500 00 



Total ledger assets, $47,756 81 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $224. 18; bonds, $104. 99; other assets, $14.55, 

Rents accrued, 

Market value of stocks and bonds over book value, 



Gross assets, 



343 72 

6 67 

584 41 


$48,691 61 



Assets not admitted. 
Agents' balances over three months due, .... 667 59 



Total admitted assets, $48,024 02 

Liabilities. 

Unpaid losses, $200 00 

Unearned premiums on outstanding risks, .... 12,771 26 



All liabilities, except surplus, $12,971 26 

Surplus, 35,052 76 



Total liabilities, $48,024 02 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $2,525,946 00 $18,878 85 $37,757 70 

Risks written during 1904, . 985,599 00 9,056 15 18,112 30 



Total, $3,511,545 00 $27,935 00 $55,870 00 

Risks expired and terminated, . 633,684 00 4,720 91 9,441 82 



In force at end of year, . . $2,877,861 00 $23,214 09 $46,428 18 

Miscellaneous. 

Losses incurred during the year, $2,331 00 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 



Attleboro' Steam & Electric Co. bonds, 

Vaughn Machine Co. bonds, 

Pawtucket city bonds, 

Attleboro' town bonds, 

10 shares Hereford R.R. Co., . 



$1,080 00 $1,050 00 

1,029 58 1,000 00 

2,275 33 2,060 00 

3,515 50 3,216 00 

1,010 56 1,000 56 

$8,910 97 $8,326 56 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



9 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTH PORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 
ALPHONSO L. WEEKES, President. JOHN H. CLARK, Secretary. 



Amount of permanent fund, 



$57,365 80 



Income. 

Net premiums, $42,236.64; extra premiums, $1,213.18, . $43,449 82 
Interest on mortgage loans, $58.50; stocks and bonds, 

$4,380.04; all other, $578.46, 5,017 00 

From all other sources, 115 22 



Total income, $48,582 04 

Ledger assets, Dec. 31, 1903, 93,404 54 



Total, 



$141,986 58 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Salaries, fees, etc., of officers and employees, . 

Real estate taxes, $21.75 ; other taxes and fees, $403.93, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



Total disbursements, 
Balance, 



$9,820 89 

23,216 37 

6,473 59 

425 68 

2,307 26 

728 77 

$42,972 56 



,014 02 



Ledger Assets 



Real estate, $2,000 ; mortgages, $1,250, 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Bills receivable, not matured, . 
Town of Yarmouth notes, 



$3,250 00 

77,700 00 

6,338 02 

26 00 

11,700 00 



Total ledger assets, 



,014 02 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $29. 75 ; bonds, $745. 63 ; other assets, $ 
Market value of stocks and bonds over book value, 



i,278.98, 



2,054 36 
13,797 00 



Gross assets, $114,865 38 



10 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, $4,750 00 

Unearned premiums on outstanding risks, .... 64,765 63 

Dividends due policy holders, 674 13 

Salaries and other miscellaneous expenses, due or accrued, . 74 17 

All liabilities, except surplus, $70,263 93 

Surplus, 44,601 45 

Total liabilities, $114,865 38 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prems. 

Risks outstanding Dec. 31, 1903, $7,555,758 00 $131,463 80 $243,413 56 
Risks written during 1904, 



2,358,104 00 42,236 64 42,236 64 



Total $9,913,862 00 $173,700 44 $285,650 20 

Risks expired and terminated, . 2,352,041 00 42,593 08 154,542 84 



In force at end of year, 



',561,821 00 $131,107 36 $131,107 36 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 50 and 60 per cent. 



$14,470 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



State National Bank, Boston, stock, 

National Shawmut Bank, Boston, stock, 

Nat'l Bank of the Republic, Boston, stock, 

First Natl Bank, Boston, stock, 

First National Bank, Yarmouth, stock, 

First National Bank, Hyannis, stock, 

Falmouth National Bank stock, 

Massachusetts Real Estate Co. stock, 

Old Colony R.R. stock, . 

Union Pacific R.R. stock, . 

Southern Pacific R.R. stock, 

N. Y., N H. & Hartford R R. stock, 

West End Street Railway stock, 

Bell Telephone Co. bonds, 

Western Telephone Co. bonds, 

St. Louis Terminal R.R. Asso. bonds, 

Boston & Maine R R. bonds, 

Fitchburg R.R. bonds, 

Iowa Falls & Sioux City R.R. bonds, 

Chicago & E. Illinois R.R. bonds, . 

Oregon Short Line R.R. bonds, 

Illinois Steel Co. bonds, . 

Atchison, Topeka & Santa Fe R.R, bonds 

Illinois Central R.R. bonds, 

Massachusetts State bonds, 

Lombard Farm mortgage bonds, 



Book Value. 

$1,500 00 

600 00 

500 

700 
1,500 
1,000 
1,000 
2,000 
6,300 00 
6,600 00 

600 
1,200 
4,100 
4,000 
4,000 
3,000 
12,000 00 
4,000 00 
" 2,000 
2,500 

500 
1,000 
1,000 
2,000 
1,000 

100 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$2,175 00 
1,410 

760 
1,715 
1,875 
1,100 
1,000 

700 

12,915 

7,556 

640 
2,388 
4,173 
3,980 
4,120 
3,360 
12,720 00 
4,100 00 
2,600 
2,905 

600 
1,000 
1,030 
2,120 
1,050 00 

100 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



11 



West End St. R'y Co. bonds, . 

Lake Shore & Mich. So. R'y Co. bonds, 

N. Y. Central R'y Co. bonds, . 

Lynn & Boston R'y Co. bonds, . 

N. Y., N. H. & Hart. R'y Co. bonds, 

United Traction & Electric Co. bonds, 

Chicago, Burl. & Quincy R.R. Co. bonds, 



Book "Value. 

$2,000 00 
4,000 00 
1,000 00 
1,000 00 
3,000 00 
1,000 00 
1,000 00 

$77,700 00 



Market Value. 

$2,050 00 

4,000 00 

895 00 

1,140 00 

3,255 00 

1,110 00 

955 00 

$91,497 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary. 



Amount of permanent fund, 



$60,000 00 



Income. 

Net premiums, $49,154.08; extra premiums, $247.31, . . $49,40139 

Interest on mortgage loans, $300 ; stocks and bonds, $5,345.27, 5,645 27 

Rents, . . . 670 40 

Total income $55,717 06 

Ledger assets, Dec. 31, 1903 123,868 98 

Total $179,586 04 

Disbursements. 

Net amount paid for losses, $18,295 76 

Profits on terminated policies, 17,446 62 

Commissions or brokerage, ....... 7,020 42 

Salaries, fees, etc., of officers and employees, .... 3,769 00 

Rents, 450 00 

Repairs and expenses on real estate, 76 55 

Real estate taxes, $122.59 ; other taxes and fees, $723.77, . 846 36 

Loss on sale or maturity of ledger assets, .... 500 00 

All other disbursements, 2,847 28 

Total disbursements, $51,251 99 

Balance, $128,334 05 



Ledger Assets. 

Real estate, $2,000 ; mortgages, $12,000, . 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 



$14,000 00 

102,540 04 

4,572 66 

7,221 35 



Total ledger assets, 



$128,334 05 



12 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $269.15; other assets, f 380, . 
Rents due on company's property, .... 
Market value of stocks and bonds over book value, 



Gross assets, 



$649 15 

30 00 

28,199 96 

$157,213 16 



Liabilities. 

Unpaid losses, $2,024 24 

Unearned premiums on outstanding risks, .... 79,095 3fr 

Dividends due policy holders, . 2,419 24 

Salaries and other miscellaneous expenses, due or accrued, . 493 67 

All liabilities, except surplus, $84,032 51 

Surplus, . . . 73,180 65 

Total liabilities $157,213 16 



Risks and Premiums. 

Amount. Cash Prem's. 1 

Risks outstanding Dec. 31, 1903, $10,973,578 00 $159,394 24 
Risks written during 1904, . 3,998,029 00 57,283 11 



Total, $14,971,607 00 $216,677 35 

Risks expired and terminated, . 3,576,594 00 50,832 41 



In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



.$11,395,013 00 $165,844 94 
756,082 00 11,163 52 



Conting't Prem's - 

$159,394 24 
57,283 11 

$216,677 35 
50,832 41 

$165,844 94 
11,163 52 



,638,931 00 $154,681 42 $154,681 42 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$18,361 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Western Union Telegraph Co. bonds, 

Chicago & Western Indiana R.R. bonds, . 

Baltimore & Ohio R.R. bonds, . 

St. Paul & Sioux City R.R. bonds, . 

Third Ave. R.R. (N. Y.) bonds, ' . 

Chicago & Northwestern R.R. bonds, 

Adams Express Co. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Pittsfield Cemetery bonds, 

American Tel. & Telegraph Co. bonds, . 

United Trac. & Elec. Co. (Pro v., R. I.) bonds, 

Greenfield & Turner's Falls St. R'y Co. bonds, 

10 shares Baltimore & Ohio R.R., . 
100 " Boston & Albany R.R , . 

50 " N. Y. Cent. & Hudson River R.R., . 



Book Value. 

$1,041 25 

5,356 

1,950 

1,270 

4,862 

2,165 

5,000 

1,000 

4,000 00 
10,090 33 

4,570 00 

5,370 00 

913 78 

15,305 20 

8,790 61 



25 

00 
00 
50 
00 
00 
00 



Market Value. 

$1,090 00 

5,500 00 

1,900 

1,210 

4,850 

2,160 

10,200 00 

940 00 

4,000 

9,600 

4,360 

5,250 
900 
24,700 00 

6,250 00 



00 
00 
00 
00 



00 
00 
00 
00 
00 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 13 



100 shares Adams Express Co., 
58 
10 
12 
15 
16 
10 
4 
40 



Pittsfield Nat'l Bank, Pittsfield, 
Agricultural Nat'l Bank, Pittsfield, 
Third National Bank, Pittsfield, 
First National Bank, Adams, . 
Adams NatU Bank, North Adams, . 
Lenox National Bank, Lenox, 
Lee National Bank, Lee, . 
Chic., St. Paul, Minn. & Omaha R.R., 



Book Value. 


Market Value. 


$6,061 25 


$22,000 00 


10,145 50 


9,280 00 


2,000 00 


2,700 00 


1,500 00 


2,700 00 


1,837 50 


1,650 00 


2,360 00 


1,840 00 


1,020 00 


1,400 00 


704 00 


660 00 


5,226 87 


5,600 00 



$102,540 04 $130,740 00 






BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 

COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.] 
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, . .......... $1,567,364 39 

Interest on bonds, 54,705 66 

Profit on sale or maturity of ledger assets, .... 1,085 00 

Total income, $1,623,155*05 

Ledger assets, Dec. 81, 1903, 1,327,837 69 

Total, f2,950,992 74 

Disbursements. 

Net amount paid for losses, $115,991 67 

Profits on terminated policies, 1,289,650 99 

Salaries, fees, etc., of officers and employees, .... 44,724 90 

Rents, 3,414 00 

Taxes and fees, . 16,715 07 

Loss on sale or maturity of ledger assets, .... 3,715 00 

Inspections, 23,880 12 

All other disbursements, 12,236 15 

Total disbursements, $1,510,327 90 

Balance, $1,440,664 84 

Ledger Assets. 

Bonds, etc. (Schedule A), $1,386,487 50 

Cash in banks and office, 52,429 82 

Cash loan, 1,747 52 

Total ledger assets, $1,440,664 84 

Non-Ledger Assets. 

Interest due and accrued on bonds, 18,133 35 

Market value of bonds over book value, 64,955 00 

Gross assets, $1,523,753 19 



14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, $927 29 

Unearned premiums on outstanding risks, .... 778,789 53 

Taxes accrued, 4,606 34 

All liabilities, except surplus, $784,323 16 

Surplus, 739,430 03 

Total liabilities, $1,523,753 19 



Risks and Premiums. 

Amount. Cash Prem's. Conting't PrenVs. 

Risks outstand'g Dec. 31, 1903, $186,078,558 00 $1,455,327 32 $7,276,636 60 
Risks written during 1904, .212,650,148 00 1,624,598 48 8,122,992 40 



Total $398,728,706 00 $3,079,925 80 $15,399,629 00 

Risks expired and terminated, . 198,031,953 00 1,522,346 73 7,611,733 65 



In force at end of year, . $200,696,753 00 $1,557,579 07 $7,787,895 35 

Miscellaneous. 

Losses incurred during the year, $112,239 00 

Profits or surplus returned during 1904, 87.75 per cent. 



Schedule A. 
Bonds, etc., owned by the Company. 



Massachusetts. State bonds, 

Old Colony R.R. bonds, .... 

Boston & Albany R.R. bonds, . 

Brookline town notes, .... 

Boston & Maine R.R. bonds, 

Pennsylvania Co. bonds, .... 

West Shore R.R. bonds, .... 

Rome, Watertown & Ogdens. R.R. bonds, 

Boston city bonds, ..... 

United New Jersey R.R. & Canal Co. bonds, 

Boston & Lowell R.R. bonds, . 

Phila , Wilm. & Baltimore R.R. bonds, . 

West End Street Railway Co. bonds, 

Illinois Central R.R. bonds, 

Chic, Rock Island & Pacific R.R. bonds, . 

N. Y , N. H. & Hartford R.R. bonds, 

Great Northern Pacific bonds, . 

American Telephone & Telegraph Co. bonds, 

Boston, Clin., Fitch. & New Bedford R.R. b'ds 

N. Y. Central & Hudson River R.R. bonds, 

Pennsylvania R.R. Co. bonds, . 

Long Island R.R. Co. bonds, 

Dutchess County R.R. Co. bonds, 

Terminal R.R. Association, St. Louis, bonds, 



Book Value. 

$299,962 50 
100,000 00 
50,000 00 
87,300 00 
50,000 00 
29,781 25 
46,000 00 
50,000 00 
16,000 00 
50,000 00 
25,000 00 
40,000 00 
50,000 00 
30,000 00 
20,000 00 
50,000 00 
28,593 75 
49,850 00 
50,000 00 
103,500 00 
20,000 00 
49,500 00 
42,000 00 
49,000 00 



00 
00 
00 
00 



Market Value. 

$305,100 00 
107,250 00 
51,750 
87,300 
59,500 
32,400 
54,250 00 
58,000 00 
16,340 00 
55,000 00 
25,937 50 
42,400 00 
53,125 00 
30,900 00 
20,800 00 
50,175 00 
29,700 00 
49,475 00 
52,500 00 
104,850 00 
20,000 00 
50,250 00 
44,940 00 
49,500 00 



,386,487 50 $1,451,442 50 



BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



15 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.] 

JAMES TAYLOR, President. GEO. N. ALDEN, Secretary. 

[Note. —This company takes deposit notes from its members and makes an assessment 
when the note is issued for paying current expenses.] 



Income. 

Net premiums, $1,816.77 ; extra premiums, $30.46, 

Interest, 

Fees, 



Total income, 
Ledger assets, Dec. 31, 1903, . 



Total, 



$1,847 23 

90 42 

9 75 


$1,947 40 
3,120 36 



1,067 76 



Disbursements. 

Net amount paid for losses, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Taxes and fees, 

All other disbursements, 



Total disbursements, 
Balance, 



$789 40 

97 13 

1,182 00 

16 47 

137 20 

$2,222 20 

$2,845 56 



Ledger Assets. 



Cash in banks and office, . 

Agents' balances, 

Bills receivable, not matured, . 

Total ledger assets, 



$2,709 73 

105 83 

30 00 

$2,845 56 



Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, . . . $1,789,505 00 $120,498 00 

Risks written during 1904, .... 288,300 00 18,888 00 



Total, 

Risks expired and terminated, . 

In force at end of year, 



. $2,077,805 00 $139,386 00 
401,650 00 26,358 00 



,676,155 00 $113,028 00 



Miscellaneous. 
Losses incurred during the year, 



$129 00 



16 CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 
GILBERT A. A. PEVEY, President. WILLIAM E. BURRAGE, Secretary. 

Amount of permanent fund, $ 130,688 77 

Income. 

Net premiums, |72,953.45; extra premiums, $567.88, . . $73,52133 
Interest on mortgage loans, $3,052.09; stocks and bonds, 

$2,140.33; all other, $271.35, 5,463 77 

Rents, including company's own occupancy, . . . . 7,910 39 

Profit on sale or maturity of ledger assets, .... 125 99 

From all other sources, 996 60 



Total income, $88,018 08 

Ledger assets, Dec. 31, 1903, 244,045 72 



Total, $332,063 80 

Disbursements. 



Net amount paid for losses, .... 
Profits on terminated policies, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 
Real estate taxes, $1,667.95 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 
All other disbursements, 



$58,380 75 

40,303 35 

10,929 22 

9,485 06 

1,000 00 

2,879 17 

^,445.58, 3,113 53 

1,191 71 

5,782 54 



Total disbursements, $133,065 33 



Balance, $198,998 47 



Ledger Assets. 

Real estate, $56,102.52; mortgages, $77,421, . . . . $133,523 52 

Stocks and bonds (Schedule A), 50,531 25 

Cash in banks and office, 5,673 57 

Agents 1 balances, 9,270 13 



Total ledger assets, $198,998 47 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $833.71; bonds, $773.16, .... 1,60687 

Rents accrued on company's property, ..... 357 16 

Market value of stocks and bonds over book value, . . 2,019 50 

Gross assets $202,982 00 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



17 



Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, .... 



$427 91 



. $202,554 09 



Liabilities. 



Unpaid losses, . . . $4,674 80 

Unearned premiums on outstanding risks, .... 156,997 49 

Dividends due policy holders, 5,537 64 

Salaries and other miscellaneous expenses, due or accrued, . 1,137 88 

Due for return premiums, $395.09 ; reinsurance, $1,122. 15, . 1,517 24 

All liabilities, except surplus, $169,865 05 

Surplus, 32,689 04 

Total liabilities, $202,554 09 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $23,468,144 00 $380,309 48 $380,309 48 

Risks written during 1904, . 6,063,486 00 93,268 01 93,268 01 



Total $29,531,630 00 $473,577 49 $473,577 49 

Risks expired and terminated, . 7,528,771 00 124,180 81 124,180 81 



In force at end of year, . . $22,002,859 00 $349,396 68 $349,396 68 
Amount reinsured," . . . 927,075 00 13,285 85 13,285 85 



Net amount in force, . .$21,075,784 00 $336,110 83 $336,110 83 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 60 per cent, 
to April 1, and 20, 30 and 40 per cent., April 1 to Dec. 31. 



,175 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Cambridge city bonds, 
New Bedford city bonds, . 
West End Street R.R. bonds, 
North Packing Co. bonds, 
Eastern R R. bonds, . 
Boston & Lowell R.R. bonds, 
Fitchburg R.R. bonds, 
N. Y., N. II & Hartford R.R. bonds, 
15 shares National City Bank, Cambridge, 
1 share Framingham National Bank, 



Book Value. 

$3,000 00 

5,350 00 
10,000 

5,000 

1,500 

4,000 
10,081 
10,000 

1,500 
100 



00 
00 
00 
00 
25 
00 
00 
00 



Market Value. 

$3,150 00 
5,150 00 

10,262 50 
4,750 00 
1,548 75 
4,285 00 

10,537 50 

10,850 00 

1,875 00 

142 00 



$50,531 25 $52,550 75 



18 



CITIZENS MUTUAL INSURANCE CO. 

I 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.] 
GEO. W. HINKLEY, President. CHARLES F. BOWERS, Secretary. 

Office, 141 Milk Street. 
Amount of permanent fund, 



Income. 

Net premiums, $82,114.12 ; extra premiums, $606.06, . 
Interest on mortgage loans, $10,771.04; collaterals, $60; 
stocks and bonds, $3,009.18 ; all other, 1155.82, . 

Rents, 

From all other sources, 



$174,441 91 



$82,720 18 

13,996 04 
1,857 92 
1,123 47 



Total income, 



,697 61 
326,131 05 



Ledger assets, Dec. 31, 1903, 

Total, $425,828 66 

Disbursements. 



Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, .... 
Real estate taxes, $610.40 ; other taxes and fees, $1,016.87, 
Loss on sale or maturity of ledger assets, 
All other disbursements, . 



Total disbursements, 
Balance, 



$17,708 33 

44,627 91 

13,239 77 

7,833 51 

2,884 04 

823 16 

1,627 27 

561 02 

4,841 38 

$94,146 39 

$331,682 27 



Ledger Assets. 

Real estate, $11,500; mortgages, $220,675, 

Loans secured by collateral (12 shares Natick Nat'l Bank), 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 



$232,175 00 

1,200 00 

85,720 00 

5,915 88 

6,671 39 



Total ledger assets, $331,682 27 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,371.11 ; stocks and bonds, $1,046.22 ; col- 
lateral loans, $18.22 3,435 55 

Rents due on company's property, 391 69 

Market value of real estate over book value, .... 3,300 00 

Market value of stocks and bonds over book value, . . 110 50 



Gross assets, $338,920 01 



citizens' MUTUAL INSURANCE CO. 



19 



Assets not admitted. 



Agents' balances over three months due, 
Total admitted assets, 



$204 43 
|338,715 58 



Liabilities. 

Unpaid losses, f 1,252.03 ; less reinsurance, i 
Unearned premiums on outstanding risks, 
Dividends due policy holders, ... 

All liabilities, except surplus, . 
Surplus, 



$1,244 03 

194,162 69 

5,899 41 

$201,306 13 
137,409 45 



Total liabilities, f 338,715 58 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $28,226,644 00 $384,732 59 
Risks written during 1904, . 6,690,811 00 90,500 24 



Total,. . . . $34,917,455 00 

Risks expired and terminated, . 6,471,311 00 



In force at end of year, 
Amount reinsured, . 



,446,144 00 
760,360 00 



$475,232 83 
88,324 55 

$386,908 28 
10,471 67 



Conting't Prem's. 

$384,732 59 

90,500 24 

$475,232 83 

88,324 55 

$386,908 28 

10,471 67 



Net amount in force, . $27,685,784 00 $376,436 61 $376,436 61 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$18,798 00 



Schedule A. 

* 

Stocks and Bonds owned by the Company. 



10 shares State National Bank, 
35 " Mass. Electric Co., . 

24 " Mass. Gas Co., .... 
16 " N. Y., New Haven & Hartford R.R. 

25 " American Tel. & Telegraph Co., 
15 " Chicago & Northwestern R.R., 
N. Y., New Haven & Hartford R.R. bonds, 
West End Street R'y bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Pennsylvania Steel Equip, trust bonds, . 
Maiden Electric Co. bonds, 
American Bell Telephone Co. bonds, 
Burl., Cedar Rapids & Northern R.R. bonds, 
Illinois Steel Co. bonds, .... 
Kansas City, Ft. Scott & Memphis R.R. bonds 
American Tel. & Telegraph Co. bonds, . 
Chicago & Northwestern R.R. Co. bonds, 
Flint & Pere Marquette R.R. Co. bonds, . 
General Electric Co. bonds, 
Pennsylvania Road car trust bonds, 



Book Value. 


Market Value. 


$1,400 00 


$1,450 00 


2,983 75 


2,065 00 


1,998 00 


1,929 00 


3,032 00 


3,184 00 


3,167 50 


3,662 50 


2,538 75 


3,120 00 


7,000 00 


6,510 00 


2,000 00 


2,120 00 


11,000 00 


10,600 00 


5,000 00 


4,925 00 


5,000 00 


5,000 00 


8,845 00 


9,000 00 


3,000 00 


3,045 00 


8,000 00 


8,007 50 


6,015 00 


6,250 00 


1,000 00 


1,020 00 


1,000 00 


967 50 


1,000 00 


1,200 00 


1,740 00 


1,800 00 


2,000 00 


1,970 00 



20 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 

Book* Value. Market Value. 

Pere Marquette Road Equip, trust bonds, . $3,000 00 $2,955 00 

Southern Road col. trust bonds, . . . 5,000 00 5,050 00 



$85,720 00 $85,830 50 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSUR- 
ANCE COMPANY, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.] 
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $416,167 96 

Interest on bonds, 10,933 17 

Total income, $427,101 13 

Ledger assets, Dec. 31, 1903, 291,999 53 

Total, $719,100 66 

Disbursements. 

Net amount paid for losses, $52,979 40 

Profits on terminated policies, 326,255 00 

Salaries, fees, etc., of officers and employees, .... 6,350 06 

Taxes and fees, 4,963 90 

Inspections, 8,671 24 

All other disbursements, 22,547 81 

Total disbursements, $421,767 41 



Balance, $297,333 25 

Ledger Assets. 

Bonds (Schedule A) $240,000 00 

Cash in banks and office, 47,554 68 

Premiums in course of collection, 9,778 57 

Total ledger assets, $297,333 25 

Non-Ledger Assets. 

Interest accrued on bonds, 4,038 7o 

Market value of bonds over book value, 2,888 75 

Gross assets, $304,260 75 

Liabilities. 

Unpaid losses $1,000 00 

Unearned premiums on outstanding risks, .... 214,878 58 

Taxes, 793 05 

All liabilities, except surplus, $216,671 63 

Surplus 87,589 12 

Total liabilities, $304,260 75 



DEDHAM MUTUAL FIRE INSURANCE CO. 



21 



Risks and Premiums. 

Amount. Cash Prem"s. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $43,724,025 00 $373,370 83 $1*866,854 15 
Risks written during 1904, . 51,042,218 00 436,530 39 2,182,651 95 



Total, $94,766,243 00 8809,901 22 $4,049,506 10 

Risks expired and terminated, . 48,606,133 00 380,144 07 1,900,720 25 



In force at end of year, 



. $46,160,110 00 $429,757 15 $2,148,785 85 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 84.05 per cent. 



$34,482 00 



Schedule A. 

Bonds owned by the Company. 



Chicago Terminal Transfer R.R. bonds, 
New England Tel. & Tel. Co. bonds, 
American Bell Telephone Co. bonds, 
Bangor & Aroostook R.R. bonds, 
American Writing Paper Co. bonds, 
American Tel. & Telegraph Co. bonds, 
Fitchburg Railroad bonds, 
Maine Central R.R. bonds, 
Portland & Ogdensburg R.R. bonds. 
Lynn & Boston Street R'y bonds, 
Boston & Lowell R.R. bonds, . 
N. Y. Cent. & Hudson River R.R. bonds, 
West End Street R'y bonds, 
Northern Pacific R.R. bonds, . 
Western Union Telegraph Co. bonds, 



Book Value. 

$20,000 00 
38,000 00 
15,000 00 
15,000 00 
5,000 00 
20,000 00 
18,000 00 
26,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
25,000 00 
1,000 00 
12,000 00 



Market Value. 

$17,200 00 
38,050 00 
14,981 25 
17,700 00 

4,150 00 
19,450 00 
18,945 00 
28,470 00 
10,425 00 
10,550 00 

9,900 00 

13,650 00 

25,950 00 

987 50 

12,480 00 



$240,000 00 $242,888 75 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.] 
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary. 

Amount of permanent fund, $89,765 77 



Income. 

Net premiums, $35,938.62; extra premiums, $178.92, . . $36,117 54 
Interest on mortgage loans, $1,920.25; stocks and bonds, 

$4,784.72; all other, $48.81, 6,753 78 

Profit on sale or maturity of ledger assets, .... 2,492 50 

From all other sources, 119 73 

Total income, $45,483 55 

Ledger assets, Dec. 31, 1903, 158,149 95 

Total, $203,633 50 



22 DEDHAM MUTUAL FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $ 8,900 87 

Profits on terminated policies, 15,474 92 

Commissions or brokerage, 5,588 56 

Salaries, fees, etc., of officers and employees, .... 4,884 03 

Rents, 270 00 

Taxes and fees, 367 84 

Loss on sale or maturity of ledger assets, .... 901 25 

All other disbursements, . . 1,105 84 



Total disbursements, $37,493 31 



Balance, $166,140 19 

Ledger Assets. 

Mortgages $37,900 00 

Stocks and bonds (Schedule A), 122,499 00 

Cash in banks and office, 2,183 81 

Agents' balances, 3,557 38 



Total ledger assets, $166,140 19 

Non-Ledger Assets. 

■ 

Interest due and accrued : — 
On mortgages, $953.97; bonds, $1,192.66; other assets, 
$258.50 2,405 13 



Gross assets, $168,545 32 

« 

Assets not admitted. 
Agents 1 balances over three months due, .... 72 69 



Total admitted assets, $168,472 63 

Liabilities. 

Unearned premiums on outstanding risks, .... $59,225 68 

Dividends due policy holders, 2,557 13 

Due for return premiums, 108 22 



All liabilities, except surplus, $61,891 03 

Surplus, 106,581 60 

Total liabilities, $168,472 63 

Risks and Premiums. . 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $6,915,941 00 $106,428 43 $106,428 43 

Risks written during 1904, . 2,397,909 00 37,835 50 37,835 50 



Total, $9,313,850 00 $144,263 93 $144,263 93 

Risks expired and terminated, . 2,089,424 00 33,132 22 33,132 22 



In force at end of year, . . $7,224,426 00 $111,131 71 $111,131 71 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



23 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 25, 50 and 70 per cent. 



1,901 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Boston city bonds, 

Salem city bonds, 

Lj 7 nn city bonds, 

Fitchburg R.R. bonds, 

Boston & Lowell R.R. bonds, 

Eastern R.R. bonds, . 

Boston & Maine R.R. bonds, 

Kan. City, St. Jos. & Coun. Bluffs R.R. bonds 

Atchison, Topeka & Santa Fe R.R. bonds, 

Boston & Albany R.R. bonds, . 

Lombard Investment Co. bonds, 

Newport & Richford R.R. bonds, 

Philadelphia & Reading R.R. bonds, 

Union Pacific Railway bonds, . 

St. Johnsbury & Lake Champlain R.R. bonds 

N. Y., N. H. & Hartford R.R. bonds, 

N. H. Trust Co. bonds 

Old Colony R.R. bonds, .... 

12 shares Dedham National Bank, . 

32 " Dedham Water Co., 
128 " Atch., Topeka & Santa Fe R.R., 

50 " Union Pacific R.R., . 



Book Value. 

$2,160 00 

3,150 00 

3,210 

5,200 
11,880 

1,035 
11,460 

2,110 
11,800 00 

6,000 00 
168 

8,560 

5,900 

3,657 

7,500 

11,463 75 

400 00 

5,000 00 

1,296 00 

3,520 00 
12,278 00 

4,750 00 



00 
00 
00 
00 
00 
00 



75 
00 
00 
50 
00 



Market Value. 

$2,160 00 

3,150 00 

3,210 

5,200 
11,880 

1,035 
11,460 

2,110 
11,800 

6,000 
168 

8,560 00 

5,900 00 

3,657 50 

7,500 00 

11,463 75 

400 00 

5,000 

1,296 

3,520 
12,278 



00 
00 
00 
00 
00 
00 
00 
00 
75 



00 
00 
00 
00 



4,750 00 



$122,499 00 $122,499 00 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February, 1855. Commenced business July, 1855.] 
THOMAS F. TEMPLE, President. W. D. C. CURTIS, Secretary. 

Office, Neponset. 



Amount of permanent fund, 



. $200,000 00 



Income. 

Net premiums, $225,261.68 ; extra premiums, $1,181.01, . $226,442 69 
Interest on mortgage loans, $1,460 ; stocks and bonds, 

$15,170.66, 16,630 66 

Rents, including company's own occupancy, .... 1,325 00 

From all other sources, 231 50 

Total income, $244,629 85 

Ledger assets, Dec. 31, 1903, 340,645 84 

Total, $585,275 69 



24 DORCHESTER MUTUAL FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $103,055 43 

Profits on terminated policies, 68,294 25 

Commissions or brokerage, 34,924 23 

Salaries, fees, etc., of officers and employees, . . . . 11,393 02 

Rents, including company's own occupancy, .... 800 00 

Real estate taxes, $425 ; other taxes and fees, $3,634.73, . 4,059 73 

All other disbursements, 6,448 92 



Total disbursements, .... ... $228,975 58 



Balance, $356,300 11 

Ledger Assets. 

Real estate, $28,500 ; mortgages, $38,200, .... $66,700 00 

Stocks and bonds (Schedule A), 242,223 20 

Cash in banks, 19,652 68 

Agents' balances, 27,724 23 



Total ledger assets, $356,300 11 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $170.83; bonds, $105.33, .... 27616 

Market value of stocks and bonds over book value, . . 149,032 80 

All other, 2,000 00 



Gross assets, $507,609 07 

Liabilities. 

Unpaid losses, * . $9,500 00 

Unearned premiums on outstanding risks, . . . . 325,068 29 

Dividends due policy holders, 3,975 00 

All liabilities, except surplus, $338,543 29 

Surplus, 169,065 78 



Total liabilities, $507,609 07 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $34,712,920 00 $569,644 43 $569,644 43 

Risks written during 1904, . 13,642,063 00 232,063 77 232,063 77 



Total, $48,354,983 00 $801,708 20 $801,708 20 

Risks expired and terminated, . 10,544,984 00 174,127 03 174,127 03 



In force at end of year, . . $37,809,999 00 $627,581 17 $627,581 17 

Miscellaneous. 

Losses incurred during the year, $110,928 00 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 25 



Schedule A. 
Stocks and Bonds owned by the Company. 



Chadwick Boston Lead Co. bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 
67 shares Blue Hill National Bank, 
10 " New England National Bank, 
29 " State National Bank, 
10 " Mt. Wollaston National Bank, 
5 " Granite National Bank, . 
5 " Weymouth National Bank, 

304 " Boston & Albany Railroad, . 

273 " Old Colony Railroad, . 
75 " Boston & Maine Railroad, 
56 " Boston & Lowell Railroad, 

315 " International Trust Co., . 

250 " American Telephone & Tel. Co., 
50 " American Woolen Co., . 



Book Value. 

$16,540 30 
17,559 09 

7,642 

1,402 

4,125 

1,400 

650 

600 

39,758 59 

37,430 02 

10,856 07 

7,378 57 
59,688 06 
33,692 50 

3,500 00 



50 
50 
00 
00 
00 
00 



Market Value. 

$10,200 00 

20,200 00 

9,380 

1,500 

4,234 

1,400 

780 

550 

77,520 

55,965 

12,975 

13,552 

141,750 

36,625 00 

4,625 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$242,223 20 $391,256 00 



FALL RIVER MANUFACTURERS 1 MUTUAL INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.] 
THOS. E. BRAYTON, President. CHARLES S. WARING, Secretary. 

Income. 

Net premiums, $491,424 85 

Interest on bonds, $18,385.88; all other, |992.15, . . . 19,378 03 

Total income $510,802 88 

Ledger assets, Dec. 31, 1903, . * 474,254 17 

Total, $985,057 05 

Disbursements. 

Net amount paid for losses, $25,273 40 

Profits on terminated policies, 419,511 38 

Salaries, fees, etc., of officers and employees, . . . . 11,109 96 

Rents, 906 00 

Taxes and fees, 5,206 51 

Loss on sale or maturity of ledger assets, .... 3,836 00 

Inspections, etc , 7,129 76 

All other disbursements, 1,402 54 

Total disbursements, $474,375 55 

Balance, $510,681 50 

Ledger Assets. 

Bonds (Schedule A), $473,937 14 

Cash in banks and office 29,292 25 

Agents' balances, 7,452 11 

Total ledger assets $510,681 50 



26 FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $6,558.33 ; other assets, $82.30, 
Market value of bonds over book value, . 



$6,640 63 
8,887 86 



Gross assets, $526,209 99 

Liabilities. 

Unpaid losses, . . $820 72 

Unearned premiums on outstanding risks, .... 242,092 33 

Salaries and other miscellaneous expenses, due or accrued, . 1,354 69 

All liabilities, except surplus, $244,267 74 

Surplus, 281,942 25 

Total liabilities, $526,209 99 



Risks and Premiums. 

Amount. Cash Prem's. . Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $55,556,624 00 $454,706 20 $2,273,531 00 
Risks written during 1904, . 64,317,306 00 512,914 98 2,564,574 90 



Total,. . . . $119,873,930 00 $967,621 18 $4,838,105 90 
Risks expired and terminated, . 59,706,473 00 483,436 53 2,417,182 65 



In force at end of year, 



,167,457 00 $484,184 65 $2,420,923 25 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 90.82 per cent. 



$22,563 00 



Schedule A. 

Bonds oivned by the Company. 



Taunton city bonds, . 

Boston city bonds, 

Newport (R. I.) city bonds, 

Cleveland (O.) city bonds, 

Boston & Lowell R.R. bonds, 

Boston & Providence R.R. bonds, 

Concord & Montreal R.R. bonds, 

Chicago, Burl. & Quincy R R. bonds, 

Phila , Wilm. & Bait. R.R. bonds, 

Old Colony R.R. bonds, . 

Boston & Maine R R. bonds, 

West End Street Railway bonds, 

Union Pacific R R. bonds. . 

Pitts., Bessemer & Lake Erie R.R. bonds, 

American Bell Telephone Co. bonds, 

Canada Southern R'y Co. bonds, 

Atchison, Topeka & Santa Fe R'y Co. bonds, 



Book Value. 

$15,900 00 
40,850 00 
20,500 00 
26,250 00 
30,000 00 
20,175 00 
15,000 00 
15,000 
19,800 

. 30,900 
10,000 00 
72,956 25 
20,675 00 
22,040 00 
14,662 50 
5,113 89 
19,897 50 



00 
00 
00 



Market Value. 

$16,125 00 
41,600 00 
21,500 00 
26,125 00 
30,200 00 
20,900 00 
15,600 00 
15,825 
20,800 
32,250 
10,800 
72,975 
20,800 00 
21,700 00 
14,925 00 
5,150 00 
20,500 00 



00 
00 
00 
00 
00 



FITCHBURG MUTUAL FIRE INSURANCE CO. 27 

Book Value. Market Value. 

Lake Shore & Mich. Southern R.R. Co. bonds, $19,850 00 $ 20,000 00 

Long Island R.R. Co. bonds, .... 19,850 00 20,200 00 

Pennsylvania Co. bonds, 19,975 00 20,000 00 

N. Y. Cent. & Hudson River R.R. Co. bonds, . 4,875 00 5,000 00 

Northern Pacific R.R. Co. bonds, . . . 9,667 00 9,850 00 



$473,937 14 $482,825 00 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 
HENRY G. MORSE, President. LINCOLN R. WELCH, Secretary. 

Amount of permanent fund, $106,226 50 

Income. 

Net premiums, $98,998.07; extra premiums, $703.63, . . $99,70170 
Interest on mortgage loans, $1,495.28; collaterals, $390; 

stocks and bonds, $2,649.07; all other, $89.75, . . . 4,624 10 

Rents, including company's own occupancy, . 4,561 00 

From all other sources, 1,901 88 



Total income, $110,788 68 

Ledger assets, Dec. 31, 1903, 194,441 40 



Total, $305,230 08 

Disbursements. 

Net amount paid for losses, $34,998 26 

Profits on terminated policies, 33,000 55 

Commissions or brokerage, 15,900 69 

Salaries, fees, etc., of officers and employees, .... 10,420 92 

Rents, including company's own occupancy, .... 1,200 00 

Repairs and expenses on real estate, 2,078 04 

Real estate taxes, $939.59; other taxes and fees, $2,000, . 2,939 59 

Loss on sale or maturity of ledger assets, .... 2,000 00 

Notes payable, . 2,500 00 

All other disbursements, 8,138 75 



Total disbursements, $113,176 80 



Balance, $192,053 28 



Ledger Assets 

Real estate, $69,000 ; mortgages, $29,215, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents' balances, 



$98,215 00 

12,800 00 

67,368 50 

4,874 72 

8,795 06 



Total ledger assets, $192,053 28 



28 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,362.18; stocks and bonds, |709.50; col- 
lateral loans, f 259. 66 $2,33134 

Rents due on company's property, 315 00 

Market value of stocks and bonds over book value, . . 12,898 50 

Gross assets, $207,598 12 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Interest due or accrued, 

Dividends due policy holders, .... 
Salaries and other miscellaneous expenses, due or 

Due for reinsurance, 

Borrowed money, 



accrued, 



All liabilities, except surplus, . 
Surplus, 

Total liabilities, . 



$2,015 81 

134,305 76 

297 30 

2,889 28 

727 06 

149 98 

20,450 00 

$160,835 19 
46,762 93 

$207,598 12 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $19,605,435 00 $274,333 18 
. Risks written during 1904, . 7,490,944 00 108,926 71 



Total $27,096,379 00 $383,259 89 

Risks expired and terminated, . 7,251,263 00 106,054 74 



In force at end of year, 
Amount reinsured, . 



.$19,845,116 00 $277,205 15 
653,622 00 10,343 35 



Conting't Prem's. 

$274,333 18 

108,926 71 

$383,259 89 

106,054 74 

$277,205 15 

10,343 35 



Net amount in force, . .$19,191,494 00 $266,86180 $266,86180 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 50 percent. 



$33,387 00 



Schedule A. 

Securities held as Collateral. 



80 shares Simonds Manufacturing Co., . 
50 " Grant Yarn Co., 
2 " Fitchburg Savings Bank books, 



Schedule B. 



Market Value. 

$12,000 00 
7,500 00 
1,659 00 



Loaned Thereon. 

$6,200 00 
5,000 00 
1,600 00 



$21,159 00 $12,800 00 



Slocks and Bonds owned by the Company. 

Book Value. Market Value. 

Fitchburg & Leominster Street R'y bonds, . $5,000 00 $5,600 00 

Northern Pacific R.R. bonds 10,450 00 10,200 00 

Eastern R.R. Co. bonds, 8,000 00 8,000 00 



GROVEL AND MUTUAL FIRE INSURANCE CO. 29 



Middlesex County bonds, . 

10 shares Fitchburg National Bank, . 

20 " Rollstone National Bank, . 

70 " Fitchburg Railroad, . 

15 " Springfield Safe Dep. & Trust 

50 " Pullman Car Co., 

43 " N. Y., N. H. & Hartford R.R., 

10 " Boston & Maine R.R., 

40 " American Tel. & Tel. Co., 

25 " Lowell Gas Light Co., 





Book Value. 


Market Value. 




$5,018 75 


$5,000 00 




1,000 00 


1,500 00 




2,000 00 


3,000 00 




7,930 00 


9,940 00 


Co., 


1,500 00 


3,000 00 




7,875 00 


11,900 00 




5,965 00 


8,557 00 




2,000 00 


1,730 00 




5,153 75 


5,840 00 




5,476 00 


6,000 00 




$67,368 50 


$80,267 00 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary. 

[Note. — This company relies upon assessments on deposit notes to pay losses and 
expenses.] 

Income. 

Policy fees, $292 00 

Assessments, 466 52 

Borrowed money, 2,200 00 

Total income, $2,958 52 

Ledger assets, Dec. 31, 1903, 1,352 08 

Total, $4,310 60 

Disbursements. 

Net amount paid for losses, $3,188 69 

Salaries, fees, etc., of officers and employees, . . . 737 49 

Rents, 90 00 

Taxes, 9 67 

All other disbursements, 102 43 

Total disbursements, $4,128 28 

Balance,' $182 32 

Ledger Assets. 

Cash in bank, $182 32 

Non-Ledger Assets. 

Furniture, fixtures and safes, 175 00 

Gross assets, $357 32 

Assets not admitted. 

Furniture, fixtures and safes, 175 00 

Total admitted assets, $182 32 



30 HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Interest due or accrued, $68 79 

Salaries and other miscellaneous expenses, due or accrued, . 285 00 

Borrowed money, 2,200 00 



Total liabilities, $2,553 79 

Risks and Premiums. 



Risks outstanding Dec. 31, 1903, 
Risks written during 1904, 

Total,. ...... 

Risks expired and terminated, . . . 

In force at end of year, .... 

Miscellaneous 
Losses incurred during the year, 



Amount. Conting't Prem's. 

.,734,088 00 $137,581 86 
342,896 00 26,880 80 



$2,076,984 00 $164,462 66 
359,232 00 25,166 00 



^,717,752 00 $139,296 66 
$1,296 00 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 

NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 
CHARLES N. CLARK, President. OLIVER WALKER, Secretary. 

Amount of permanent fund, $27,523 66 

Income. 

Net premiums, $14,616.16; extra premiums, $25.15, . . $14,64131 
Interest on mortgage loans, $1,343.90; stocks and bonds, 

$1,115; all other, $125.52, 2,584 42 



Total income, $17,225 73 

Ledger assets, Dec. 31, 1903, 46,424 76 

Total, 163,650 49 

Disbursements. 

Net amount paid for losses, $7,423 82 

Profits on terminated policies, 5,257 01 

Commissions or brokerage, . 1,870 15 

Salaries, fees, etc., of officers and employees, .... 1,774 50 

Rents, 150 00 

Taxes and fees, 158 93 

All other disbursements, 380 00 

Total disbursements, . ' $17,014 41 

Balance, $46,636 08 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



31 



Ledger Assets. 



Mortgages, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 



Total ledger assets, 



$24,800 00 

17,697 60 

3,890 59 

247 89 

$46,636 08 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $409.13; stocks and bonds, $425.42; other 

assets, 128.45, 

Market value of stocks and bonds over book value, 



Gross assets, 



863 00 
12,269 90 

$59,768 98 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, .... 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, . 

All liabilities, except surplus, 

Surplus, 



Total liabilities, 



$1,000 00 

29,087 36 

251 21 

20 00 

$30,358 57 

29,410 41 

$59,768 98 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31,1903, $3,629,326 00 
Risks written during 1904, . 972,127 00 



Total, $4,601,453 00 

Risks expired and terminated, . 844,365 00 



Cash Prem's. Conting't Prem's. 

$56,036 00 $56,036 00 



15,114 51 

$71,150 51 
13,388 44 



In force at end of year, 



15,114 51 

^71,150 51 

13,388 44 



. $3,757,088 00 $57,762 07 $57,762 07 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 50 per cent. 



1,424 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



63 shares Connecticut River R.R., . 
10 " Northampton National Bank, 
Northern Pacific Great Northern bonds, 
West End St. R'y Co. bond, . 
Pennsylvania Steel Equip, bonds, . 



Book Value. 

$6,650 00 
1,100 00 
6,000 00 
1,062 50 
2,885 10 



Market Value. 

$17,892 00 
2,000 00 
6,052 50 
1,065 00 
2,958 00 



$17,697 60 $29,967 50 



32 HINCiHAM MUTUAL FIRE INSURANCE CO. 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 
WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary. 

Amount of permanent fund, $193,042 98 

Income. 

Net premiums, $84,509.18; extra premiums, $1,185.87, . $85,695 05 
Interest on mortgage loans, $5,248.45 ; collaterals, $2,063.88 ; 

stocks and bonds, $7,171.36; all other, $243.07, . . . 14,726 76 

Rents, including company's own occupancy, .... 1,628 00 

From all other sources, . 176 71 

Total income, $102,226 52 

Ledger assets, Dec. 31, 1903, 320,251 49 



Total $422,478 01 

Disbursements. 

Net amount paid for losses, $31,368 51 

Profits on terminated policies, 41,275 72 

Commissions or brokerage, 12,281 05 

Salaries, fees, etc., of officers and employees, .... 6,771 31 

Rents, including company's own occupancy, .... 700 00 

Repairs and expenses on real estate, ..... 266 63 

Real estate taxes, $376.85 ; other taxes and fees, $816.95, . 1,193 80 

Loss on sale or maturity of ledger assets, .... 5,638 71 

All other disbursements, 3,149 56 



Total disbursements, $102,645 29 



Balance, $319,832 72 



Ledger Assets. 

Real estate, $22,200 ; mortgages, $99,275, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, ....*.. 



$121,475 00 

55,000 00 

135,787 50 

4,539 30 

3,030 92 



Total ledger assets, $319,832 72 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,132.67 ; bonds, $1,090.83 ; collateral loans, 

$668.88; other assets, $32, 2,924 38 

Rents due on company's propert} 7 , 74 00 

Market value of stocks and bonds over book value, . . 31,588 38 

Gross assets, $354,419 48 



HINGHAM MUTUAL FIRE INSURANCE CO. 



33 



Liabilities. 

Unpaid losses, including $300 resisted, . 
Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 



$3,180 13 

206,020 92 

1,577 60 

$210,778 65 
143,640 83 



Total liabilities, $354,419 48 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $26,586,317 00 $400,181 51 
Risks written during 1904, . 5,978,272 00 88,709 24 



Total $32,564,589 00 $488,890 75 

Risks expired and terminated, . 5,427,936 00 81,895 79 



In force at end of year, . . $27,136,653 00 $406,994 96 
Amount reinsured, . . . 3,000 00 44 75 



Conting't Prem's. 

$400,181 51 
88,709 24 

$488,890 75 
81,895 79 

$406,994 96 
44 75 



Net amount in force, . . $27,133,653 00 $406,950 21 $406,950 21 



Miscellaneous. 

Losses incurred during the year, . . . • . 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$33,800 00 



Schedule A. 

Securities held as Collateral. 



Market Value. Loaned Thereon. 



International Paper Co. bonds, 
International Paper Co. stock, . 
Savannah Electric Co. bonds, . 
General Electric Co. bonds, 
Metropolitan Steam Ship Co. note, 



$10,900 00 

22,800 00 

3,880 00 

9,350 00 

25,000 00 



$20,000 00 

10,000 00 
25,000 00 



Schedule B. 



$71,930 00 $55,000 00 



Stocks and Bonds owned by the Company. 



30 shares Hingham Nat'l Bank, Hingham, 

60 " Old Colony Nat'l Bank, Plymouth, 

8 " Abington Nat'l Bank, Abington, 

12 " Union National Bank, Boston, 

11 " Commerce Nat'l Bank, Boston, 

22 " Webster-Atlas Nat'l Bank, Boston 

62 " Hingham Water Company, 

50 " United Shoe Machinery Co., 

40 " Boston Elevated R.R., 

200 " Helena Water Works Co 

92 " Old Colony R R., . 

109 " Boston & Albany R.R., 

25 " Union Pacific R.R., . 



Book Value. 

$3,000 00 

6,000 00 
800 00 

1,200 

1,100 

2,480 

6,200 

1,525 00 

5,900 00 
200 00 

9,200 00 
10,900 00 

2,500 00 



00 
00 
00 
00 



Market Value. 

$3,150 00 
6,720 00 
800 00 
2,109 
1,672 
2,992 
7,750 
1,575 
6,200 



00 
00 
00 
00 
00 
00 



18,860 00 

27,686 00 

2,450 00 



34 



IIOLYOKE MUTUAL FIRE INSURANCE CO. 



Eastern R.R. bonds, .... 
Union Pacific R.R. bonds,. 
Hingham Water Co. bonds, 
No. Pacific & Gt. Northern R.R. bonds, 
Illinois Central R.R. bonds, 
American Telephone & Tel. Co. bonds, 
Helena Water Works Co. bonds, 



Book Value. 

$5,000 00 
10,000 00 
11,000 00 
7,000 00 
20,000 00 
17,782 50 
14,000 00 



Market Value. 

$5,214 38 
10,262 50 
11,400 00 
6,930 00 
20,900 00 
17,805 00 
12,900 00 



$135,787 50 $167,375 88 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary. 

Guaranty Capital, $100,000. 

Amount of permanent fund, $525,000 00 



Income. 

Net premiums, 

Interest on mortgage loans, .... 
Interest on stocks and bonds, $31,387.96 ; all other 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, 



Total income, 

Ledger assets, Dec. 31, 1903, .... 

Total, 

Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 
Real estate taxes, $679.92 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 
Dividends to guaranty capital, .... 
All other disbursements, 



$362.45,. 



$145,864 35 

3,056 06 

34,750 41 

4,357 12 

710 00 

693 19 

$189,431 13 
838,115 61 



.,813.59, 



1,027,546 


74 


$52,091 


69 


65,329 


10 


22,121 


56 


17,569 


08 


1,500 


00 


1,765 


08 


2,493 


51 


695 52 


7,000 00 


4,975 


32 



Total disbursements, . 
Balance, 



. $175,540 86 



Ledger Assets. 

Real estate, $46,420 ; mortgages, $53,000, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Town of Hamilton note, 



552.005 88 



$99,420 00 

719,664 00 

13,067 84 

13,854 04 

6,000 00 



Total ledger assets, $852,005 88 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



35 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $456.51; bonds, $9,009.15; other assets, 
25 



Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



Gross assets, 



$9,763 91 

790 00 

86,102 40 

$948,662 19 



Liabilities. 

Unpaid losses, $1,120.70; less reinsurance, $20.83, . . $1,099 87 

Unearned premiums on outstanding risks, .... 281,194 84 

Dividends due policy holders, 7,418 30 

Due for return premiums, 1,070 49 

All liabilities, except guaranty capital and surplus, . $290,783 50 

Guaranty capital 100,000 00 

Surplus over guaranty capital and general liabilities, . . 557,878 69 

Total liabilities, $948,662 19 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $38,802,641 00 $560,222 99 
Risks written during 1904, . 10,763,893 00 158,763 14 



Total, $49,566,534 00 $718,986 13 

Risks expired and terminated, . 10,411,737 00 152,064 11 



In force at end of year, . . $39,154,797 00 $566,922 02 
Amount reinsured, • . . 872,557 00 13,858 56 



Conting't Prem's. 

$560,222 99 
158,763 14 

#718,986 13 
152,064 11 

$566,922 02 
13,858 56 



Net amount in force, . . $38,282,240 00 $553,063 46 $553,063 46 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$51,538 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Boston & Lowell R.R. bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Boston & Maine R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Burl. & Missouri River R.R. (Neb.) bonds, 
Cincin., Hamilton & Dayton R.R. bonds, . 
Chesapeake & Ohio R.R. bonds, 
Cleveland, L. & Wheeling R.R. bonds, . 
Canada Southern R R. bonds, . 
Chicago & E. Illinois R.R. bonds, . 
Chicago & West. Indiana R.R. bonds, 
Central Pacific R.R. bonds, 



Book Value. 

$6,000 00 

14,000 00 

10,000 00 

12,000 00 

10,000 00 

10,000 00 

10,000 00 

15,000 00 

5,000 00 

5,000 00 

8,000 00 

3,500 00 



Market Value. 

$6,225 00 
14,140 00 
10,000 00 
11,446 88 
10,000 00 
11,200 00 
10,725 
17,287 

5,125 

5,250 

9,000 

3,505 



00 
50 
00 
00 
00 
00 



36 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Central New Jersey R.R. bonds, 

Central Vermont K.R. bonds, . 

Erie & Pittsburg R.R. bonds, . 

Cleveland Electric R'y bonds, . 

Delaware & Hudson Canal Co. bonds, 

Fitchburg R.R. bonds, 

Hocking Valley R'y bonds, 

Housatonic R.R. bonds, 

Erie R.R. bonds, .... 

Kan. City, St, Jos. & C. B. R.R. bonds, 

Kan. City, Ft. S & Memphis R.R. bonds, 

Lehigh Valley RR. bonds, 

Maine Cent. European & No. Am. R.R. bonds 

Mass. Electric Co. bonds, . 

N. Y. Cent. & Hudson River R.R. bonds, 

Northern Pacific & Gt. Northern R.R. bonds 

Norwich & Worcester R.R. bonds, 

New England R.R. bonds, 

Narragansett Pier R.R. bonds, . 

New Haven & Derby R.R. bonds, 

Northwestern Union R.R. bonds, 

N. Y., Ontario & Western R.R. bonds, 

St. Paul, Minn. & Manitoba R.R. bonds, 

Old Colony R.R. bonds, . 

New York & New England R.R. bonds, 

Princeton & North Western R.R. bonds, 

Seattle Electric Co. bonds, 

Terre Haute & Southeastern R.R. bonds, 

Union Pacific R.R. bonds, . 

Pennsylvania Co. bonds, . 

Third Ave. R.R. Co, N. Y, bonds. 

West End Street R'y, Boston, bonds 

Schenectady R'y bonds, . 

Terminal R'y Asso., St. Louis, bonds, 

Allen County (Ind.) bonds, 

Wayne County (Mich.) bonds, 

Marion County (Ind.) bonds, 

Boston (Mass.) city bonds, 

Columbus (Ohio) city bonds, 

Cleveland (Ohio) city bonds, 

Cambridge (Mass ) city bonds, 

Evansville (Ind.) city bonds, 

Dover (N. H ) city bonds, 

Jersey City (N. J ) city bonds, 

Lynn (Mass ) city bonds, . 

Lawrence (Mass ) city bonds, 

Maiden (Mass.) city bonds, 

Orange (N. J.) city bonds, 

Pawtucket (R. I.) city bonds, 

Province of Quebec bonds, 

St. Paul (Minn.) city bonds, 

Salem (Mass.) city bonds, 

Woonsocket (R. I.) city bonds, 

Hudson River Power Trans. Co. bonds, 

American Tel. & Telegraph Co. bonds, 

Boston B'l'g Co. (Denver, Col.) bonds, 

Salem Electric Lighting Co. bonds, . 

American Mail Steamship Co. bonds, 

American Cotton Oil Co. bonds, 

Clinton Water Works bonds (Clinton, la.), 



00 
00 
00 
00 



Book Value. 

$7,000 00 

2,000 

5,000 

2,000 

5,000 
10,000 00 

5,000 00 
10,000 00 

5,000 00 

5,000 00 
13,000 00 
15,000 00 

4,000 00 

5,000 00 
13,000 00 

5,000 00 

5,000 00 
25,000 00 
10.000 00 
20,000 00 

8,000 00 
20,000 00 
12,000 00 
15,000 00 

3,000 00 

4,000 

2,000 

5,000 
27,500 

3,000 

2,000 00 

3,000 00 

5,000 00 

6,000 00 
10,000 00 
10,000 00 

5,000 00 

5,000 00 
10,000 00 

8,000 00 

5,000 

6,000 

5,000 

5,000 

8,000 00 

5,000 00 
10,000 00 
10,000 00 
10,000 00 

3,000 00 
25,000 00 

5,000 00 

5,000 

2,000 

5,000 
10,000 

2,000 

2,500 
10,000 00 

5,000 00 



00 
00 
00 
00 
00 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



Market Value. 

$9,380 00 

1,600 00 

4,962 50 

2,040 00 

6,900 00 

10,362 50 

5,000 00 

12,500 00 

4,750 00 

5,300 00 

16,250 00 

17,200 00 

4,220 00 

4,950 00 

12,688 75 

4,937 50 

5,287 50 

32,125 00 

10,000 00 

21,450 00 

10,560 00 

21,000 00 

13,170 

15,831 

3,000 

3,840 

2,070 

5,312 

29,134 

2,880 

1,910 

3,105 

5,225 

6,540 00 

10,000 00 

10,000 00 

5,143 75 

5,100 00 

10,500 00 

8,080 00 

5,375 00 

6,120 00 

5,000 00 

5,487 50 

8,460 00 

5,350 00 

10,100 00 

11,300 00 

10,250 00 

3,105 00 

27,600 00 

5,012 50 

5,125 00 

2,040 00 

4,850 00 

10,000 00 

2,000 00 

2,500 00 

10,000 00 

5,000 00 



00 
25 
00 
00 
00 
50 
38 
00 
00 
00 
00 



INDUSTRIAL MUTUAL INSURANCE CO. 



37 



Keokuk Water Works bonds, . 
Western Union Telegraph Co. bonds, 
Woonsocket Elec. Machine & Pow. Co. bonds 

50 shares Boston & Maine R.R., 

31 " Old Colony R.R , . 
155 " N. Y., N. H. & Hartford R.R., 
100 " Pitts., Ft. Wayne & Chic. RR, 
162 " Union Pacific R.R 

25 " West End St. R'y Co., . 

30 " Atlantic National Bank, Boston, 

31 " Freeman's National Bank, Boston, 
100 " Merchants 1 National Bank, Boston, 

10 " First N'l B'k, Salem (in liquidate), 
10 " Merchants 1 National Bank, Salem, 
35 " Mercantile National Bank, Salem, 
41 " Naumkeag National Bank, Salem, 
93 " Salem National Bank, Salem, 
50 " Republic National Bank, Boston, 
10 " National Shawmut Bank, Boston, 

100 *' Second National Bank, Boston, 
10 " Beverly National Bank, . 
40 " N'l Exc. B'k, Salem (in liquidate) 
10 " Colorado Mining Exch. Building, 
20 " H. B. Claflin Co., N. Y., . . 
15 " Edison Elec. Ilium. Co., . 

Illinois Central R.R. bonds, 

Long Island R.R. bonds, .... 

Everett (Mass ) school bonds, . 



Book Value. 


Market Value. 


|10,000 00 


$10,000 00 


5,000 00 


5,475 00 


3,000 00 


2,767 50 


5,000 00 


8,650 00 


3,100 00 


6,355 00 


5,500 00 


10,890 00 


10,000 00 


18,300 00 


16,200 00 


15,795 00 


1,250 00 


1,167 19 


3,000 00 


4,020 00 


3,100 00 


3,162 00 


10,000 00 


18,500 00 


500 00 


250 00 


500 00 


650 00 


3,500 00 


3,605 00 


4,100 00 


5,740 00 


9,300 00 


7,440 00 


5,000 00 


7,500 00 


1,000 00 


2,550 00 


10,000 00 


20,500 00 


1,000 00 


1,450 00 


1,400 00 


120 00 


10,000 00 


8,500 00 


2,000 00 


1,900 00 


1,500 00 


3,810 00 


3,000 00 


3,135 00 


5,000 00 


5,075 00 


5,214 00 


5,474 70 


$719,664 00 


$805,766 40 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 17, 1890. Commenced business June 1, 1890.] 
CHARLES T. PLUNKETT, Vice-President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums $273,824 35 

Interest on bonds, 6,695 27 

Total income, . $280,519 62 

Ledger assets, Dec. 31, 1903, 178,703 08 

Total, $459,222 70 

Disbursements. 

Net amount paid for losses, $39,620 81 

Profits on terminated policies, 214,302 17 

Salaries, fees, etc., of officers and employees, .... 5,241 08 

Taxes, 3,509 40 

Inspections, . 2,462 94 

All other disbursements, 21,112 79 

Total disbursements, $286,249 19 

Balance, $172,973 51 



38 



INDUSTRIAL MUTUAL INSURANCE CO. 



Ledger Assets. 



Bonds (Schedule A), 
Cash in banks and office, . 
Premiums in course of collection, 

Total ledger assets, . 



$146,000 00 

20,583 01 

6,390 50 

$172,973 51 



Non-Ledger Assets. 



Interest accrued on bonds, 
Gross assets, 



2,540 83 
$175,514 34 



Assets not admitted. 
Depreciation in book value of bonds, 

Total admitted assets, .... 



3,747 50 
$171,766 84 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes, 



All liabilities, except surplus, . 
Surplus, 

Total liabilities, .... 



$5C0 00 

138,134 19 

535 67 

$139,169 86 

32,596 98 

$171,766 84 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $29,396,917 00 $270,133 95 
Risks written during 1904, . 33,538,482 00 287,826 65 



Total $62,935,399 00 $557,960 60 

Risks expired and terminated, . 31,869,511 00 281,692 22 



Conting't Prem's. 

$1,350,669 75 
1,439,133 25 

$2,789,803 00 
1,408,461 10 



In force at end of year, . . $31,065,888 00 $276,268 38 $1,381,341 90 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 82.37 per cent. 



$26,290 00 



Schedule A. 

Bonds oivned by the Company. 



Boston & Lowell R.R. bonds, . 
N. Y. Central & Hudson River R.R. bonds, 
Chicago Terminal Transfer R.R. bonds, . 
N. E. Telephone & Telegraph Co. bonds, 
American Telephone & Telegraph Co. bonds, 
American Writing Paper Co. bonds, 
West End Street R'y bonds, 



Book Value. 

$5,000 00 
10,000 00 
10,000 00 
35,000 00 
17,000 00 
20,000 00 
10,000 00 



Market Value. 

$4,950 00 
9,100 00 
8,600 00 
35,625 00 
16,532 50 
16,600 00 
10,325 00 



LOWELL MUTUAL FIRE INSURANCE CO. 39 

Book Value. Market Value. 

Fitchburg R.R. bonds, $15,000 00 $ 15,450 00 

Lynn & Boston R.R. bonds, .... 5,000 00 5,275 00 

Maine Central R.R. bonds, .... 5,000 00 5,287 50 

Western Union Telegraph Co. bonds, . . 13,000 00 13,520 00 

Northern Pacific R.R. bonds, .... 1,000 00 987 50 



|146,000 00 $142,252 50 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1S32. Commenced business April, 1832.] 
CHARLES A. STOTT, President. JOSEPH PEABODY, Secretary. 

Amount of permanent fund, . $100,482 24 

Income. 

Net premiums, $52,787.29; extra premiums, $357.77, . . $53,145 06 
Interest on mortgage loans, $903.09; stocks and bonds, 

I $6,271.25; all other, $301.39, 7,475 73 

From all other sources, 1,515 09 



Total income, $62,135 88 

Ledger assets, Dec. 31, 1903, 179,672 62 



Total, $241,808 50 

Disbursements. 

Net amount paid for losses, $16,786 84 

Profits on terminated policies, 18,775 68 

Commissions or brokerage, 7,440 09 

Salaries, fees, etc., of officers and employees, .... 7,871 36 

Rents, 650 00 

Taxes and fees, 595 28 

All other disbursements, 3,517 03 



Total disbursements, $55,636 28 



Balance, $186,172 22 

Ledger Assets. 

Mortgages, $18,500 00 

Stocks and bonds (Schedule A), 129,400 00 

Cash in banks and office, 31,937 63 

Agents' balances, 6,334 59 



Total ledger assets, $186,172 22 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $246.62; bonds, $2,212.25, .... 2,45887 

Market value of stocks and bonds over book value, . . 18,671 00 



Gross assets, $207,302 09 



40 



LOWELL MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, . 



$2,066 65 

81,048 51 

1,798 08 

$84,913 24 
122,388 85 

$207,302 09 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $9,849,754 00 $156,257 36 
Risks written during 1904, . 3,547,913 00 57,390 80 



Total, $13,397,667 00 $213,648 16 

Risks expired and terminated, . 3,390,369 00 53,450 47 



In force at end of year, . 
Amount reinsured, 

Net amount in force, . 



,007,298 00 $160,197 69 
96,722 00 1,384 58 



Conting't Prem's. 

$156,257 36 
57,390 80 

$213,648 16 
53,450 47 

$160,197 69 
1,384 58 



1,910,576 00 $158,813 11 $158,813 11 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned daring 1904, 20, 40 and 60 per cent. 



18,915 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Portland & Rumford R R. bonds, 
Boston & Maine R.R. bonds, 
United States bonds, .... 
Boston & Lowell R.R. bonds, . 
Fitch bur g R.R. bonds, 
Central Vermont R.R. bonds, . 
Boston city bond, .... 
Maine Central R.R. bonds, 
Lowell & Suburban St. R'y bonds, . 
Middletown, Conn., city bonds, 
Sharon town bonds, .... 
Chicago, Burl. & Quincy R.R. bonds, 

16 shares Lowell Bleachery, . 
2 " Pacific Mills, Lawrence, . 

16 " Lawrence Mfg. Co., Lowell, 
2 " Hamilton Mfg. Co., Lowell, 

50 " Massachusetts Cotton Mills, 

36 " Appleton Co 

132 " Merrimack Manufacturing Co., 

25 " Franklin Mfg. Co., Lewiston, Me , 

30 " Hill Mfg. Co., Lewiston, Me., 
6 " Vermont & Massachusetts R.R., 

30 " Boston & Maine R.R., . 

20 " Boston & Lowell R.R., . 



Book Value. 

$3,000 00 
5,000 00 
1,000 00 

19,000 00 

10,000 00 
1,000 00 
2,000 00 
6,000 00 
8,000 00 
3,000 00 
2,000 00 
4,000 00 
1,600 00 
2,000 00 
1,600 00 
2,000 00 
5,000 00 
3,600 00 

13,200 
2,500 
3,000 
600 
3,000 
2,000 



00 
00 
00 
00 
00 
00 



Market Value. 

$3,165 00 

5,000 

1,045 

19,660 

10,304 

800 

2,170 

6,150 00 

8,560 00 

3,180 

2,130 

3,930 

1,440 

4,650 

1,792 

1,330 

4,250 

4,392 

7,260 

2,500 

1,260 00 

1,020 00 

5,190 00 

4,840 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



LUMBER MUTUAL FIRE INSURANCE CO. 



41 



16 shares Union National Bank, Lowell, 
71 " Lowell & Andover R.R., . 
70 " Bigelow Carpet Co., 
50 " American Woolen Co., 
46 " Lowell Gas Light Co., 



Book Value. 

$ 1,600 00 
7,100 00 
7,000 00 
5,000 00 
4,600 00 



Market Value. 

$2,848 00 

15,975 00 

7,490 00 

4,700 00 

11,040 00 



$129,400 00 $148,071 00 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.] 
VVM. C. JOHNSON, President. HARRY E. STONE, Secretanj. 

Office, 53 State Street. 



Income. 

Net premiums, 

Interest on mortgage loans, $96 ; personal, $662.50 ; bonds, 

$1,277.83; all other, $3,351.15, . 
Profit on sale or maturity of ledger assets, 
From all other sources, .... 

Total income, 

Ledger assets, Dec. 31, 1903, . 



Total, 



Disbursements 
Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 
Mortgages, .... 
Bonds (Schedule A), 
Cash in banks and office, . 
Premiums in course of collection, 
Loans on personal security, 

Total ledger assets 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Due for inspections, 



$156,451 91 

5,387 48 
386 50 
464 67 

$162,690 56 
139,035 09 

$301,725 65 



All liabilities, except surplus, 



,468 28 
35,020 00 
9,870 00 
1,200 00 
2,035 51 
1,653 63 
9,521 62 

$97,769 04 

$203,956 61 



$1,400 00 
72,500 00 
106,099 42 
13,957 19 
10,000 00 

$203,956 61 



$8,657 95 

76,752 10 

2,018 86 

$87,428 91 



Surplus, 116,527 70 



Total liabilities, $203,956 61 



42 



LYNN MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $4,271,294 00 $114,582 52 $343,747 56 

Risks written during 1904, . 6,444,809 00 177,486 99 532,460 97 



Total, $10,716,103 00 $292,069 51 $876,208 53 

Risks expired and terminated, . 5,044,245 00 138,565 31 415,695 93 



In force at end of year, . 



,671,858 00 $153,504 20 



,512 60 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 30 per cent. 



46,224 00 



Schedule A. 



Bonds owned by the 



United States bonds, 
Cambridge (Mass.) city bonds, 
Nashville (Tenn.) city bonds, . 
Portland (Ore.) bonds, 
N. Y. Central & Hud. River R.R. bonds, 
Chicago & W. Ind. R.R. bonds, 
Long Island R R. bonds, . 
Dutchess County R.R. bonds, . 
Luther Manufacturing Co. bonds, . 



Company. 

Book Value. 

$2,500 00 

14,000 00 

10,000 00 

11,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 



Market Value. 

$2,623 75 

14,000 35 

10,700 00 

11,000 00 

5,050 00 

10,000 00 

10,100 00 

5,250 00 

5,000 00 



$72,500 00 $73,724 10 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 
JAMES S. NEWHALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 

Amount of permanent fund, $56,910 38 

Income. 

Net premiums, $6,511.94; extra premiums, $4.38, . . $6,516 32 
Interest on mortgage loans, $1,325.36; stocks and bonds, 

$1,297; allother, $25.23, 2,647 59 

Rents, 225 00 

From all other sources, 2 25 

Total income, ' . $9,391 16 

Ledger assets, Dec. 31, 1903, 58,367 92 

Total, . $67,759 08 

Disbursements. 

Net amount paid for losses, $554 15 

Profits on terminated policies, . . "*. . . . 4,948 52 

Salaries, fees, etc., of officers and employees, .... 2,334 00 



LYNN MUTUAL FIRE INSURANCE CO. 43 

Rents, $432 00 

Repairs and expenses on real estate, 56 53 

Real estate taxes, $83.76 ; other taxes and fees, $62.50, . 146 26 

Loss On sale or maturity of ledger assets, . . . • . 15 00 

All other disbursements, 156 79 

Total disbursements, $8,643 25 

Balance, $59,115 83 

Ledger Assets. 

Real estate, $5,462.95; mortgages, $25,040, .... $30,50295 

Stocks and bonds (Schedule A), 25,371 73 

Cash in banks and office, 2,794 01 

Agents' balances, 447 14 



Total ledger assets, $59,115 83 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $538.31; bonds, $192.32 730 63 

Market value of stocks and bonds over book value, . . 4,984 77 

Gross assets, $64,831 23 

Assets not admitted. 

Agents' 1 balances over three months due, .... 406 92 

Total admitted assets $64,424 31 

Liabilities. 

Unearned premiums on outstanding risks, .... $14,911 18 

Dividends due policy holders, 509 72 



All liabilities, except surplus, $15,420 90 

Surplus, 49,003 41 

Total liabilities, $64,424 31 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $2,179,556 00 $29,306 16 $58,612 32 

Risks written during 1904, . 507,074 00 6,936 38 13,872 76 

Total, $2,686,630 00 $36,242 54 $72,485 08 

Risks expired and terminated, . 509,847 00 6,962 18 13,836 36 

In force at end of year, . . $2,176,783 00 $29,280 36 $58,648 72 

Miscellaneous. 

Losses incurred during the year, $375 00 

Profits or surplus returned during 1904, 30, 60 and 80 per cent. 



44 merchants' and farmers' mutual FIRE INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 



Chicago, Milwaukee & St. Paul R R. bond, 

Southern Pacific of California R.R. bond, 

Atlantic & Pacific R.R. bond, . 

Mexican Central R.R. bond, 

Chicago & Great Western R R. bonds, 

Ohio & West Virginia R.R. bond, . 

Ogdensburg & Lake Champlain R.R. bonds, 

Security bonds, 

United Electric Securities bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
20 shares National City Bank, Lynn, 
5 " Central National Bank, Lynn, . 
10 " Merchants' National Bank, Boston, 
15 " West Newton First National Bank, 
45 " Atchison, Topeka & Santa Fe R.R., 
Jacksonville Electric bonds, 
20 shares Essex Trust Co., 



Book Value. 

$1,025 00 
500 00 

773 50 
2,020 00 
1,000 00 
2,050 00 

800 00 
1,032 50 
2,366 36 
2,000 00 

500 00 
1,392 50 
1,500 00 
2,931 87 
1,880 00 
3,600 00 



Market Value. 

$1,120 00 
500 00 

700 00 
2,100 00 
1,100 00 
2,000 00 

680 00 
1,131 50 
2,920 00 
3,000 00 

750 00 
1,900 00 
1,725 00 
4,050 00 
1,880 00 
4,800 00 



$25,371 73 



,356 50 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 
HENRY M. WITTER, President. HARRY S. MYRICK, Secretary. 



Amount of permanent fund, 



$121,574 43 



Income. 

Net premiums, $97,800.02; extra premiums, $474.35, . 
Interest on mortgage loans, $1,359.13; stocks and bonds, 
$6,063.58 ; all other, $538.30, 

Rents, 

Profit on sale or maturity of ledger assets, 
From all other sources, .... 



,274 37 

7,961 01 

3,960 00 

874 63 

481 86 



Total income, . $111,551 87 

Ledger assets, Dec. 31, 1903, 257,244 06 



Total, $368,795 93 



Disbursements 

Net amount paid for losses, 

Profits on terminated policies, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $1,414.90 ; other taxes and fees, $1,461.86, 



$36,992 07 

35,486 33 

15,507 33 

6,193 17 

700 00 

169 08 

2,876 76 



merchants' and farmers' mutual FIRE INSURANCE CO. 45 

Loss on sale or maturity of ledger assets, .... |7,897 21 
All other disbursements, 4,643 05 



Total disbursements, . . . . • . . . . $110,465 00 



Balance $258,330 93 



Ledger Assets. 

Real estate, $57,482.35; mortgages, $21,580, . 

Corporation note, 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 



$79,062 35 

750 00 

156,697 33 

13,541 56 

8,279 69 



Total ledger assets, $258,330 93 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $333 . 25 ; bonds, $2,199 ; other assets, $15 . 63, . 2,547 88 

Rents accrued on company's property, 360 00 

Market value of real estate over book value, .... 2,516 65 

Market value of stocks and bonds over book value, . . 18,512 67 



Gross assets, $282,268 13 



Liabilities. 

Unpaid losses $1,280 97 

Unearned premiums on outstanding risks, .... 160,106 69 

Dividends due policy holders, 3,063 88 

Commissions and other charges due agents and brokers, . 1,240 52 

Due for return premiums, $647.30 ; reinsurance, $22.65, . 669 95 

All liabilities, except surplus, $166,362 01 

Surplus 115,906 12 

Total liabilities, $282,268 13 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prems. 

Risks outstanding Dec. 31, 1903, $20,872,403 00 $311,986 59 $311,986 59 

Risks written during 1904, . 6,954,716 00 103,287 10 103,287 10 



Total $27,827,119 00 $415,273 69 $415,273 69 

Risks expired and terminated, . 6,582,364 00 99,257 38 99,257 38 



In force at end of year, . . $21,244,755 00 $316,016 31 $316,016 31 



Miscellaneous. 

Losses incurred during the year, $37,876 00 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



46 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 



Gt. Northern & Northern Pacific R.R. bonds, 
Eastern R.R. bonds, .... 
Atch., Topeka & Santa Fe R.R. bonds, 
Oregon Short Line R.R. bonds, 
City of Syracuse bonds, . 
Ill shares Atch., Topeka & Santa Fe R.R., 
57 " Union Pacific R.R., . 
61 " Boston & Albany R.R., . 
34 " Providence & Worcester R.R.. 
25 " Norwich & Worcester R.R., 
11 " Boston & Maine R.R., 
25 " Wachusett National Bank, 
20 " Westminster National Bank, 
8 " Mechanics' National Bank, 
25 " Quinsigamond National Bank 
40 " Am. Card Clothing Co., . 
42 " Worcester Electric Light Co., 
28 " Worcester Gas Light Co., 
4 " Worcester Safe Dep. & Trust Co., 
Ottawa, Cedar Rapids & St. Paul R.R. bonds, 
Pere Marquette R.R. bonds, 
Des Moines & Iowa Falls R.R. bonds, 
Portland & Ogdensburg R.R. bonds, 
Chicago, Cincinnati & Louisville R.R. bonds, 
Chicago & Western Indiana R.R. bonds, . 



Book Value. 

$3,551 25 

4,800 00 

10,500 00 

906 17 

19,030 40 

7,322 19 

4,938 55 
11,695 00 

6,625 00 

4,525 

1,948 

5,000 

2,000 
800 

3,119 

4,000 

8,428 00 

6,135 00 

920 00 

10,550 00 

4,750 00 
10,200 00 

5,253 50 

9,800 00 

9,900 00 



00 
27 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



Market Value. 

$5,940 00 
5,100 

10,535 
1,025 

19,000 

10,456 
6,370 

15,494 00 
9,775 00 
5,800 00 
1,903 00 
3,375 00 
2,000 00 
800 00 
3,375 00 
3,600 00 

10,500 00 
7,000 
940 

10,572 
4,850 

10,250 00 
5,200 00 

10,100 00 

11,250 00 



00 
00 
00 
00 



$156,697 33 $175,210 00 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.] 
JOS. A. SMART, President. BURTON S. FLAGG, Secretary. 



Amount of permanent fund, 



1150,206 00 



Income. 

Net premiums, $114,524.56 ; extra premiums, $750.11, . $115,274 67 
Interest on mortgage loans, $4,804.71; stocks and bonds, 

$4,895, 9,699 71 

Total income, $124,974 38 

Ledger assets, Dec. 31, 1903, • . 248,949 19 

Total $373,923 57 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 



$47,359 47 

47,752 45 

18,762 36 

7,934 75 



MERRIMACK MUTUAL FIRE INSURANCE CO. 47 

Rents, $713 55 

Taxes and fees, 1,813 18 

Loss on sale or maturity of ledger assets, .... 2,384 98 

All other disbursements, 4,206 23 

Total disbursements, $130,926 97 



Balance, $242,996 60 

Ledger Assets. 

Real estate, $3,500 ; mortgages, $96,348, .... $99,848 00 

Stocks and bonds (Schedule A), 117,275 00 

Cash in banks and office, 10,814 48 

Agents' balances, 15,059 12 

Total ledger assets, $242,996 60 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $1,492; bonds, $1,387.96, .... 2,87996 

Rents accrued on company's property, 180 00 

Gross assets, $246,056 56 

Assets not admitted. 

Agents' balances over three months due, . $37 00 

Depreciation in book value of stocks and bonds, 2,082 00 

Total unadmitted assets, .... 2,119 00 

Total admitted assets, $243,937 56 

Liabilities. 

Unpaid losses, including $700 resisted, $4,293.98 ; less rein- 
surance, $27.27, $4,266 71 

Unearned premiums on outstanding risks, .... 198,707 73 

Dividends due policy holders, 5,233 01 

Due for return premiums, $724.84 ; reinsurance, $525.39, . 1,250 23 

All liabilities, except surplus, $209,457 68 

Surplus, 34,479 88 

Total liabilities, $243,937 56 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prems. 

Risks outstanding Dec. 31, 1903, $28,188,533 00 $420,059 34 $420,059 34 

Risks written during 1904, . 8,463,637 00 124,072 34 124,072 34 

Total $36,652,170 00 $544,13168 $544,13168 

Risks expired and terminated, . 8,680,086 00 132,088 02 132,088 02 

In force at end of year, . .$27,972,084 00 $412,043 66 $412,043 66 

Amount reinsured, . . . 584,853 00 » 9,304 47 9,304 47 

Net amount in force, . .$27,387,231 00 $402,739 19 $402,739 19 



48 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 30, 40 and 60 
per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 



$46,451 00 



Salem (Ohio) Water Co. stock, 

Chicago, Peoria & St. Louis R.R. stock, 

15 shares Lawrence National Bank, 

10 " Andover National Bank, 

Cincinnati city bonds, 

Lynn city bonds, 

Boston & Maine R.R. bonds, 

Old Colony R.R. bonds, . 

Chicago & Northwestern R.R. bonds, 

Chicago, Mil. & St. Paul R.R. bonds, 

Salem (Ohio) Water Co. bonds, 

Helena Water Co. bonds, .... 

Chicago, Wisconsin & Minn. R.R. bonds, 

Chicago, Peoria & St. Louis R.R. bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Town of Milton bonds, 

Andover water bonds, 

Danvers water bonds, 

Seattle city bonds, 

Westborough bonds, 

North Andover bonds, 

Bangor & Aroostook R.R. bonds, 

Illinois Central R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 



00 
00 
00 
00 



Book Value. 

$3,000 00 

3,400 

1,500 

1,000 

4,000 

5,000 00 

2,000 00 

10,000 00 

4,000 00 

5,000 00 

3,000 00 

5,375 00 

5,000 00 

1,000 00 

3,000 00 

3,000 00 

15,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

3,000 00 

3,000 00 

2,000 00 



Market Value. 

$750 00 
170 

1,800 

1,200 

4,460 

5,000 

2,200 
10,675 

4,420 

5,600 00 

3,000 00 

2,688 

5,850 
900 

2,880 

3,015 
16,150 00 
10,550 00 

5,300 
10,150 
10,750 

2,835 

2,850 

2,000 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



$117,275 00 $115,193 00 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 
RICHARD T. BARRETT, President. ADAMS TOLMAN, Secretary. 

Amount of permanent fund, $327,532 84 



Income. 

Net premiums, $166,352.90 ; extra premiums, $1,142.09, . $167,494 99 
Interest on mortgage loans, $2,283; collaterals, $377.50; 

stocks and bonds, $21,625.13, 24,285 63 

Rents, including company's own occupancy, .... 888 00 

Profit on sale or maturity of ledger assets, .... 384 89 

From all other sources, 520 78 

Total income, $193,574 29 

Ledger assets, Dec. 31, 1903, plus error, 631,798 31 

Total, $825,372 60 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



49 



Disbursements. 

Net amount paid for losses, .... 

Profits on terminated policies, .... 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $413.32 ; other taxes and fees, $1,660.26, 

Loss on sale or maturity of ledger assets, 

Accrued interest on bonds purchased, 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 



Real estate, $23,872. 26; mortgages, $50,575, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents' balances, 

Total ledger assets, 



$57,339 


68 


80,428 


64 


24,569 


40 


14,220 


00 


500 00 


257 


62 


2,073 58 


995 25 


147 


50 


7,756 


84 


$188,288 


51 


$637,084 09 


$74,447 


26 


6,800 00 


523,181 


05 


14,344 29 


18,311 


49 


$637,084 09 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,006.80 ; bonds, $5,644.88 ; collateral loans, 

$127.50, 

Rents due on company's property, 

Market value of real estate over book value, .... 
Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 



6,779 18 

500 00 

18,127 74 

43,814 45 

$706,305 46 



$350 00 

332,673 90 

8,660 45 

. $341,684 35 
364,621 11 

Total liabilities $706,305 46 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31,1903, $44,140,300 00 $654,908 89 
Risks written during 1904, . 11,562,702 00 176,078 69 



Total $55,703,002 00 

Risks expired and terminated, . 11,613,875 00 



In force at end of year, 
Amount reinsured, . 



.$44,089,127 00 
451,240 00 



$830,987 58 
176,742 02 

$654,245 56 
6,564 54 



Conting't Prem's. 

$654,908 89 
176,078 69 

$830,987 58 
176,742 02 

$654,245 56 
6,564 54 



Net amount in force, . . $43,637,887 00 $647,681 02 $647,681 02 



50 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 30, 40 and 60 
per cent. 

Schedule A. 
Securities held as Collateral. 



$57,490 00 



25 shares American Powder Mills, . 
35 " Putnam Water Co , . 
25 " Knoxville Water Co., 
American Bell Telephone Co. bonds, 



Market Value. Loaned Thereon. 

$3,750 00 $1,500 00 
4,375 00 ) 
2,375 00 S 
1,980 00 1,300 00 



$12,480 00 



4,000 00 



1,800 00 



Schedule B. 

Slocks and Bonds owned by the Company. 



33 shares Concord Nat'l Bank, Concord, 
57 " Boston & Albany R.R , . 

100 " Fitchburg R.R 

180 " Pullman Co., .... 

Burlington & Missouri River R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Boyer Val div., Chic. & Northwest'n R.R. bYls 

Cleveland & Pittsburg R.R. bonds, . 

Portland & Ogdensburg R.R. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Cincinnati, Hamilton & Dayton R.R. bonds, 

Concord & Montreal R.R. bonds, 

Conn. & Passumpsic Rivers R.R. bonds, . 

Old Colony Railroad bonds, 

Boston & Lowell Railroad bonds, 

Boston & Albany R.R. bonds, . 

N. Y., Providence & Boston R R. bonds, . 

Boston & Maine Railroad bonds, 

Chic June. R'y & Union Stock Y'ds Co. bonds 

Eastern R'y of Minnesota bonds, 

Long Island R R. (Penn.) bonds, 

Erie & Pittsburg (Penn.) R.R. bonds, 

United Trac. & Elec. R'y (Prov., R. I.) bonds 

Hamilton, Ontario, Street R'y bonds, 

N. Y , N. H. & Hartford R.R. bonds, 

Mohawk & Malone R.R. bonds, 

Lake Shore & Mich. Southern R.R. bonds, 

Narragansett Pier R.R. bonds, . 

Norwich & Worcester R.R. bonds, . 

St. Paul, Minn. & Manitoba R.R. bonds, . 

N. Y., Ontario & Western R.R. bonds, . 

Terminal R.R. Association of St. Louis bonds 

N. Y. Central & Hudson River R.R. bonds, 

West End Street R'y bonds, 

Temple Iron Co. bonds, .... 

Town of Concord, Mass., bonds, 

Toledo city bonds, 

Cambridge city bonds, .... 



Book Value. 

$3,300 00 

5,757 75 

8,660 00 
18,726 65 
16,495 
12,077 
10,225 
31,575 
21,200 

1,900 
15,212 
25,150 00 
26,600 00 

5,262 50 
20,506 
10,557 
10,750 
11,775 
10,250 
10,712 

5,762 
10,400 

5,737 
10,350 
10,475 00 
11,062 50 
10,912 50 
10,375 00 
10,575 00 
11,225 00 
10,475 00 
11,450 00 
10,037 50 
10,387 50 

5,200 00 
12,121 40 
10,000 00 
20,000 00 



00 
75 
00 
00 
00 
00 
50 



25 
50 
00 
00 
00 
50 
50 
00 
50 
00 



Market Value. 

$5,775 00 
14,478 00 
14,200 00 
42,840 00 
17,000 00 
12,840 00 
10,000 00 
30,300 00 
20,900 00 

2,050 00 
16,562 50 
26,500 00 
27,750 00 

5,300 00 
20,675 00 
10,500 00 
11,000 00 
12,000 00 
10,100 00 
10,350 00 

5,500 00 
10,000 00 

5,600 00 
10,400 00 
10,000 00 
10,500 00 
10,400 00 
10,400 00 
10,700 00 
11,300 00 
10,500 00 
11,400 00 
10,000 00 
10,450 00 

5,000 00 
12,165 00 
10,700 00 
21,200 00 



MUTUAL FIRE ASSURANCE CO. 



51 



Pawtucket city bonds, 
Medford city bonds, . 
Holyoke city bonds, . 
Massachusetts State bonds, 
Town of Belmont bonds, . 
Sioux City & Pacific R.R. bonds, 



Book Value. 

$18,847 50 

5,356 25 

10,950 00 

10,137 50 

5,000 00 

9,650 00 



Market Value. 

$18,510 00 

5,400 00 

11,050 00 

9,650 00 

5,050 00 

10,000 00 



$523,181 05 $566,995 50 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.] 
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary. 

Amount of permanent fund, $122,422 00 

Income. 

Net premiums, $20,049.31; extra premiums, $102.42, . . $20,15173 
Interest on mortgage loans, $1,954.33; stocks and bonds, 

$7,216; all other, $199.68, 9,370 01 

Total income $29,521 74 

Ledger assets, Dec. 31, 1903, . . . ' . . . . 190,410 58 

Total, $219,932 32 

Disbursements. 

Net amount paid for losses, $1,271 66 

Profits on terminated policies, 15,989 46 

Salaries, fees, etc , of officers and employees, .... 4,552 00 

Rents, 500 00 

Taxes and fees, 176 52 

All other disbursements, 403 59 

Total disbursements, $22,893 23 

Balance $197,039 09 

Ledger Assets. 

Mortgages, $41,350 00 

Stocks and bonds (Schedule A), 144,946 19 

Cash in banks and office, 10,742 90 

Total ledger assets, $197,039 09 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $500.22; bonds, $802.49, .... 1,30271 

Market value of stocks and bonds over book value, . . 34,560 81 

Gross assets, . $232,902 61 



52 



MUTUAL FIRE ASSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 



$51,873 09 

48 60 

851,921 69 

180,980 92 



Total liabilities, $232,902 61 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $6,192,525 00 $100,214 92 $100,214 92 

Risks written during 1904, . 1,234,800 00 20,049 31 20,049 31 



Total, $7,427,325 00 $120,264 23 $120,264 23 

Risks expired and terminated, . 1,126,900 00 17,609 96 17,609 96 



In force at end of year, 



>,300,425 00 $102,654 27 $102,654 27 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 90 per cent. 



$1,272 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Vermont Valley R.R. bonds, . 

Chesapeake & Ohio R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, . 

Holyoke Street R.R. bonds, 

Boston & Albany R.R. bonds, . 

Detroit Southern R R. bonds, . 

Reading, Jersey Central R R. bonds, 

American Telephone & Telegraph Co. bonds, 

Woronoco Street R.R. bonds, . 

Connecticut River R.R. bonds, . 

Springfield Street R.R. bonds, . 
75 shares Second Nat'l Bank, Springfield, 
61 " Chicopee Nat'l Bank, Springfield, 
25 " John Hancock N'l B'k, Springfield 
25 " First Nat'l Bank, Springfield, 
25 " Chapin Nat'l Bank, Springfield, 
10 " Monson Nat'l Bank, Monson, . 
10 " First National Bank, Chicopee, 
50 " Hadley Falls Nat'l Bank, Holyoke, 
25 " Springfield Nat'l Bank, Springfield, 
50 " Nat'l Bank of Commerce, Boston, 

100 " Boston & Albany R.R , . 

198 " N. Y. Cent. & Hudson River R.R., 
69 " Chic, Burl. & Quincy R.R., . 
20 " Holyoke & Westfield R.R., . 



Book Value. 

$4,200 00 

4,040 

8,000 

1,000 

4,040 

6,300 00 
10,650 00 

3,300 

2,865 

2,970 

5,312 

2,030 

3,064 

7,820 

6,100 00 

2,500 00 

2,720 

2,875 

1,000 

1,000 

5,050 

3,000 00 

5,000 00 
14,073 25 
23,931 25 

8,364 85 

3,740 00 



00 
00 
00 

00 



00 
00 
00 
00 
00 
84 
00 



00 
00 
00 
00 
00 



Market Value. 

$4,240 00 

4,720 

7,280 
970 

4,120 

6,600 00 
10,200 00 

2,670 00 

2,940 

2,910 

5,150 

1,960 

3,090 
10,875 00 

9,455 00 

2,500 

2,750 

3,125 

1,200 

1,350 

6,750 

4,500 

7,550 
25,600 00 
28,512 00 
14,490 00 

4,000 00 



00 
00 
00 
00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 



$144,946 19 $179,507 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



53 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, 

CHARLESTOWN. 

[Incorporated April 10, 1861. Commenced business July 15, 1864.] 
GEO. H. PENDERGAST, President. FRANK V. NOTES, Secretary. 

Office, Thompson Square, Charlestown. 
Amount of permanent fund, $52,639 30 



Income. 

Net premiums, $36,224.68; extra premiums, $194.26, . 
Interest on mortgage loans, $2,688.75 ; collaterals, $487.50 ; 

stocks and bonds, $2,190.67 ; all other, $560.91, 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1903, 



Total, 



Disbursements 



Net amount paid for losses, 

Profits on terminated policies, . . . • 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 



Mortgages, 

Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), 

Cash in banks and office, .... 

Agents' balances, 

All other ledger assets, '. 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $923.89; bonds, $216.25; collateral loans, 

$208.30, 

Market value of stocks and bonds over book value, 



$36,418 94 

5,927 83 
554 43 

$42,901 20 
127,526 29 

$170,427 49 



$12,602 33 

11,508 67 

5,348 22 

7,000 00 

500 00 

467 70 

2,452 18 

$39,879 10 

$130,548 39 



$47,100 00 

10,000 00 

53,648 54 

16,337 69 

3,359 78 

102 38 

$130,548 39 



1,348 44 
1,818 46 



Gross assets, $133,715 29 



Assets not admitted. 
Agents' balances over three mcjnths due, 

Total admitted assets, .... 



259 10 



$133,456 19 



54 



MUTUAL PROTECTION FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $1,000 resisted,. 
Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 

Total liabilities, 



$1,050 21 

49,419 91 

1,073 63 

$51,543 75 
81,912 44 

$133,456 19 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstand'g Dec. 31,1903, $5,734,113 00 $95,531 92 $95,531 92 

Risks written during 1904, . 2,360,345 00 40,251 10 40,251 10 



Total, $8,094,458 00 $135,783 02 $135,783 02 

Risks expired and terminated, . 2,021,152 00 34,229 05 34,229 05 



In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



1,073,306 00 $101,553 97 $101,553 97 
381,763 00 6,551 42 6,551 42 



1,691,543 00 $95,002 55 $95,002 55 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 70 per cent. 



$13,584 00 



Schedule A. 
Securities held as Collateral. 



150 shares Copper Range Co., 
Copper Range R.R. bond, 
Oregon Short Line R.R. bond, 
Lampson Store Service bond, 



Market Value. 

$10,350 00 ^ 
4,050 00 I 



Loaned Thereon. 



1,160 00 



)> $10,000 00 



1,000 00 J 



$16,560 00 $10,000 00 



Schedule B. 



Stocks and Bonds owned by the Company. 



17 shares Monument National Bank, 
20 " National Bank of the Republic, 
31 " Charlestown Gas & Electric Co., 
15 " N. Y. Central R.R.,. 
5 " Atch., Topeka & Santa Fe R.R., 
13 " N. Y., New Haven & Hartford R.R 
54 " American Tel. & Telegraph Co., 

186 " Pennsylvania R.R. Co., . 

American Tel. & Telegraph Co. bonds, . 

United States bonds, 

N. Y., N. H. & Hartford R.R. bonds, 



Book Value. 

$3,150 00 

2,570 

2,263 

2,173 
255 

2,719 

7,835 
12,789 

6,978 
10,000 

2,915 



00 
00 
13 
00 
00 
00 
38 
20 
00 
83 



Market Value. 

$2,567 00 

3,040 00 

3,410 

2,160 
505 

2,613 

7,938 
12,834 00 

6,860 00 
10,600 00 

2,940 00 



00 
00 
00 
00 
00 



$53,648 54 $55,467 00 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 55 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.] 
WILLIAM R. JOHNSON, President. CHARLES C. DONNELL, Secretary. 

Amount of permanent fund, $27,021 89 

Income. 

Net premiums, f 2,791 66 

Interest on mortgage loans, $35 ; stocks and bonds, $1,621.08, 1,656 08 

Rents, 125 00 

From all other sources, . . - . . . . . 537 57 

Total income, . . • $5,110 31 

Ledger assets, Dec. 31, 1903, 37,636 65 

Total, $42,746 96 

Disbursements. 

Net amount paid for losses, $482 35 

Profits on terminated policies, 2,586 47 

Salaries, fees, etc., of officers and employees, .... 567 80 

Rents, 175 00 

Taxes and fees, 27 79 

Loss on sale or maturity of ledger assets, .... 154 10 

All other disbursements, 139 20 

Total disbursements, $4,132 71 

Balance, $38,614 25 

Ledger Assets. 

Mortgages, $700 00 

Stocks and bonds (Schedule A), . . . . 32,272 80 

Cash in banks and office, 5,591 45 

Furniture, 50 00 

Total ledger assets, $38,614 25 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $17.50; bonds, $320.79, 338 29 

Market value of stocks and bonds over book value, . . 2,076 00 

Gross assets, $41,028 54 

Assets not admitted. 

Furniture, 50 00 

Total admitted assets, $40,978 54 



56 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$5,182 00 
132 50 

$5,314 50 
35,664 04 



,978 54 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $756,585 00 $11,399 92 
Risks written during 1904, . 189,000 00 2,839 00 



In force at end of year, 



Total $945,585 00 $14,238 92 

Risks expired and terminated, . 179,950 00 ' 2,661 02 



$765,635 00 $11,577 90 



Conting't Prem'8. 

$45,607 68 
11,356 00 

$56,963 68 
10,652 08 



,311 60 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 100 per cent. 



$428 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Riverbank Court Trust Co. bonds, . 
New England Cotton Yard bonds, . 
Minneapolis General Electric Co. bonds, 
Meriden, Conn., bonds, .... 
Newport News, Va., bonds, 
Penobscot Shore Line bonds, . 
Central Vermont R.R. bonds, . 
American Telephone & Tel. Co. bonds, . 
Western Telephone & Telegraph Co. bonds, 
South Bend, Ind., bonds, .... 
100 shares Mer. Nat'l Bank, Newburyport, 
31 " Ocean Nat'l Bank, Newburyport, 

4 " State National Bank, Boston, . 
10 " Western Union Telegraph Co., 

10 " U. S. Rubber Co 

15 " Westinghouse Electric Co., 

20 " Boston & Maine R.R., . 
7 " N. Y. Central R.R., . 
9 " St. Paul R.R., . 

5 " Chicago Junction Stock Yard Co , 

11 " Atch., Topeka & Santa Fe R.R., 
1 share Central Vermont R.R., 

Central Vermont R.R scrip, 
Michigan State Telephone bonds, . 
5 shares First Nat'l Bank, Boston, . 
12 " Michigan State Telephone, 



Book Value. 

$2,000 00 
1,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
1,600 00 

990 00 
3,000 00 
1,000 00 
2,000 00 
1,550 00 

420 
1,000 

500 
1,125 
3,600 

900 
1,350 

625 

900 

8 

4 

1,000 

500 
1,200 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
80 
00 
00 
00 



Market Value. 

$2,000 00 

950 
1,030 
1,030 
2,060 
2,160 
1,620 

970 
3,090 
1,010 
2,400 
1,705 

581 

940 

990 
1,370 
3,460 
1,001 
1,665 

622 

976 
8 
4 

970 
1,227 

508 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
50 
00 
00 
80 
00 
50 
00 



$32,272 80 $34,348 80 



NORFOLK 31UTUAL FIRE INSURANCE CO. 57 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary. 

Amount of permanent fund, . . . . . . . $334,201 14 

Income. 

Net premiums, |83,964.89; extra premiums, $670.68, . . $84,635 57 
Interest on mortgage loans, $1,373.50; stocks and bonds, 

$24,016.56; all other, $159.80, 25,549 86 

Rents, 825 00 

Profit on sale or maturity of ledger assets, .... 8,475 40 

From all other sources, 241 01 



Total income, $119,726 84 

Ledger assets, Dec. 31, 1903, 636,757 01 



Total, $756,483 85 

Disbursements. 

Net amount paid for losses, . . . . . . . $20,815 53 

Profits on terminated policies, 47,935 36 

Commissions or brokerage, 12,816 65 

Salaries, fees, etc., of officers and employees, .... 8,303 80 

Repairs and expenses on real estate, 1,667 93 

Real estate taxes, $232.90 ; other taxes and fees, $1,047.57, . 1,280 47 

Loss on sale or maturity of ledger assets, .... 2,547 75 

All other disbursements, 1,709 27 



Total disbursements, $97,076 76 



Balance, $659,407 09 

Ledger Assets. 

Real estate, $15,000 ; mortgages, $27,125, .... $42,125 00 

Stocks and bonds (Schedule A), 600,526 90 

Cash in banks and office, 8,964 70 

Agents' balances, 7,790 49 



Total ledger assets, . . $659,407 09 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $500.28; bonds, $6,132.97; other assets, 

$1,163.75, 7,797 00 

Rents due on company's property, 187 50 



Gross assets, $667,391 59 

Assets not admitted. 
Agents' balances over three months due, . . . . 122 19 



Total admitted assets, $667,269 40 



58 



NORFOLK MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 
Due for return premiums, 

All liabilities, except surplus, . 
Surplus, 

Total liabilities, 



$680 00 

184,077 89 

6,766 66 

322 89 

$191,847 44 
475,421 96 

$667,269 40 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $24,184,555 00 $346,523 48 
Risks written during 1904, . 6,118,194 00 88,493 77 



Total, f 30,302,749 00 $435,017 25 

Risks expired and terminated, . 5,674,770 00 82,896 66 



Conting't Prem's. 

$346,523 48 
88,493 77 

$435,017 25 
82,896 66 



In force at end of year, . . $24,627,979 00 $352,120 59 $352,120 59 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 25, 50 and 70 per cent. 



$20,832 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Atchison, Topeka & Santa Fe R.R. bonds, 
Boston & Albany R.R. bonds, . 
Boston & Maine R R. bonds, 
Boston Consolidated Street R'y Co, bonds, 
Boston & Providence R.R. bonds, 
Boston & Lowell R.R. bonds, . 

Boston city bonds, 

Chelsea city bonds, 

Concord & Montreal R R. bonds, 
Fitchburg Railroad bonds, 
Conn & Passumpsic River R.R. bonds, . 
Dexter & Newport R.R. bonds, 

Fall River city bonds 

Fremont, Elkhorn & Mo. Valley R.R. bonds, 
Grand Avenue R'y, Kansas City, bonds, . 
Oregon Short Line R.R. bonds, 
Kan. City, St. Jos. & Coun. Bluffs R.R. bonds 

N. H Trust Co. bonds 

Illinois Central R.R. bonds, 

Lombard Investment Co. bonds, 

Lawrence city bonds, .... 

Norwich & Worcester R.R. bonds, . 

Maine Central R.R. bonds, 

Newport & Richford R'y Co. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Newton city bonds, . 

North Andover town bonds, 



Book Value. 

$33,885 00 

20,037 50 

39,060 00 

5,075 00 

20,900 00 

21,025 00 

12,965 00 

11,137 50 

10,500 00 

26,400 00 

5,450 00 

6,240 00 

2,200 00 

6,850 00 

5,100 00 

12,500 00 

9,495 00 

500 

4,925 

99 

5,325 

21,200 00 

16,400 00 

16,050 00 

20,615 00 

16,255 00 

5,362 50 



00 
00 
75 

00 



Market Value. 

$33,885 00 

20,037 50 

39,060 00 

5,075 00 

20,900 00 

21,025 00 

12,965 00 

11,137 50 

10,500 00 

26,400 00 

5,450 00 

6,240 00 

2,200 00 

6,850 00 

5,100 00 

12,500 00 

9,495 00 

500 

4,925 

99 

5,325 

21,200 

16,400 00 

16,050 00 

20,615 00 

16,255 00 

5,362 50 



00 
00 
75 
00 
00 



PAPER MILL MUTUAL INSURANCE CO. 



59 



Philadelphia & Reading R.R. bonds, 

Old Colony R.R. bonds 

Taunton city bonds 

Portland & Rum ford Falls R.R. bonds, . 

Lynn city bonds, 

Salem city bonds, 

Union Pacific Railway bonds, . 

Northern Pacific & Gt. Northern R.R. bonds, 

313 shares Atch , Top. & Santa Fe R.R., . 



65 

60 
100 

75 
125 

20 



Dedham Water Co., 
Union Pacific R.R., . 
Old Colony R.R., . 
Boston & Lowell R.R., . 
Boston & Albany R.R., . 
Boston & Providence R.R., 



Book Value. 


Market Value. 


$9,440 00 


$9,440 00 


42,918 75 


42,918 75 


10,770 00 


10,770 00 


10,400 00 


10,400 00 


20,790 00 


20,790 00 


5,250 00 


5,250 00 


4,702 50 


4,702 50 


21,560 00 


21,560 00 


30,353 40 


30,353 40 


7,150 00 


7,150 00 


5,700 00 


5,700 00 


20,400 00 


20,400 00 


18,000 00 


18,000 00 


31,500 00 


31,500 00 


6,040 00 


6,040 00 


$600,526 90 


$600,526 90 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated November, 1886. Commenced business April 1, 1887.] 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 31 Milk Street. 



Income. 



Net premiums, . 
Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1903, 



$130,790 48 
4,554 40 

$135,344 88 
123,816 85 



Total, $259,161 73 



Disbursements 

Net amount paid for losses, 

Profits on terminated policies, . 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Taxes and fees, ..... 

Inspections, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



$10,699 20 

104,336 09 

5,816 50 

360 00 

1,346 48 

1,947 99 

457 85 

$124,964 11 

$134,197 62 



Ledger Assets. 



Bonds (Schedule A), 
Cash in banks and office, . 
Premiums in course of collection, 



118,915 75 

14,561 27 

720 60 



Total ledger assets, 



$134,197 62 



60 



PAPER MILL MUTUAL INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued on bonds, .... 
Market value of bonds over book value, 



$1,435 00 
1,809 25 



Gross assets, $137,441 87 

Liabilities. 

Unpaid losses, $118 00 

Unearned premiums on outstanding risks, .... 65,181 84 

Accrued taxes, 281 27 



All liabilities, except surplus, 
Surplus, 



$65,581 11 
71,860 76 



Total liabilities, $137,441 87 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $15,178,859 00 $121,789 28 
Risks written during 1904, . 17,278,480 00 135,966 14 



Total $32,457,339 00 $257,755 42 

Risks expired and terminated, . 16,072,023 00 127,391 74 



Conting't Prem's. 

$608,946 40 
679,830 70 

$1,288,777 10 
636,958 70 



In force at end of year, \ $16,385,316 00 $130,363 68 $651,818 40 



Miscellaneous. 

Losses incurred during the year, . 

Profits or surplus returned during 1904, 85.37 per cent. 



$10,041 00 



Schedule A. 
Bonds owned by the Company. 



Portland & Ogdensburg R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Cincin., Sandusky & Cleveland R.R. bonds, 

Maine Central R.R. bonds, 

Pennsylvania R.R. bonds, . 

Newton water bonds, 

Boston & Albany R.R. bonds, 

Boston & Maine R.R. bonds, 

Boston & Lowell R.R. bonds, 

Fitchburg R.R. bonds, 

Chic. June. R.R. & Union Stock Y'ds bonds, 

Chicago, Burl. & Quincy R.R. bonds, 

American Bell Telephone bonds, 

American Telephone & Telegraph Co. bonds, 

West End Street Railway Co. bonds, 

Boston city bonds, 

Mohawk & Malone R.R. bonds, 
Concord & Montreal R.R. bonds, 
N. Y., N. H. & Hartford R.R. bonds, 



Book Value. 

$5,010 00 
4,993 75 
5,092 00 
5,175 00 
5,220 00 
5,200 00 

10,250 00 
5,530 00 
5,135 00 
5,500 00 
4,950 00 
5,000 00 
5,000 00 
5,000 00 

10,417 50 

15,417 50 
5,350 00 
5,275 00 
5,400 00 



Market Value. 

$5,200 00 
4,500 00 
5,650 00 
5,800 00 
5,550 00 
5,400 00 

10,300 00 
6,000 00 
5,250 00 
5,350 
5,000 
5,000 
5,000 
4,850 00 

10,450 00 

15,450 00 
5,300 00 
5,250 00 
5,425 00 



00 
©0 
00 
00 



$118,915 75 $120,725 00 



QUINCY MUTUAL FIRE INSURANCE CO. 



61 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851.] 
CHARLES A. HOWL AND, President. WM. H. FAY, Secretary. 

Amount of permanent fund, $ 350,000 00 



Income. 

Net premiums, $144,548.06 ; extra premiums, $1,034.16, 
Interest on mortgage loans, $3,462 . 50 ; collaterals, $7,868 . 80 
stocks and bonds, $9,556.60; all other, $2,852.82, 

Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1903, 



$145,582 22 

23,740 72 

180 48 

1,750 00 

$171,253 42 
684,094 02 



Total, • $855,347 44 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Real estate taxes, $326.05 ; other taxes and fees, 
All other disbursements, 



!,647 



17, 



$50,186 24 

60,721 28 

22,558 10 

15,317 36 

2,973 22 

6,677 56 



Total disbursements, $158,433 76 



Balance, $696,913 68 



Ledger Assets 

Real estate, $16,083.30; mortgages, $99,775, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 

Agents 1 balances, 

Re-organization account, .... 



$115,858 30 

211,244 18 

270,394 32 

82,453 54 

11,963 34 

5,000 00 



Total ledger assets, $696,913 68 



Non-Ledger Assets. • 

Interest due and accrued : — 
On mortgages, $2,616.74; bonds, $200; collateral loans, 

$1,105.16; other assets, $103.62, 

Rents due and accrued on company's property, 

Market value of real estate over book value, .... 

Market value of stocks and bonds over book value, 

Gross assets, 



4,025 52 


150 


00 


516 


70 


22,420 


68 


$724,026 58 



62 



< V >1 INCY MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, $1,200 CO 

Unearned premiums on outstanding risks, .... 243,286 91 

Dividends due policy holders, 4,500 00 

Salaries and other miscellaneous expenses, due or accrued, . 350 00 

All liabilities, except surplus, $249,336 91 

Surplus, 474,689 67 

Total liabilities, $724,026 58 



Risks and Premiums 

Amount. 

Risks outstanding Dec. 3 1 , 1903, $32,586,226 00 
Risks written during 1904, . 9,702,214 00 



Total, $42,288,440 00 

Risks expired and terminated, . 9,521,888 00 



Cash Prem's. 

$477,248 28 
147,881 14 

$625,129 42 
143,873 33 



Conting't Prem'9. 

$477,248 28 
147,881 14 

$625,129 42 
143,873 33 



In force at end of year, 



.$3i,766,552 00 $481,256 09 $481,256 09 



Miscellaneous. 

Losses incurred during the year, ...... 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$48,986 00 



Schedule A. 

Securities held as Collateral. 



740 shares American Woolen Co., . 
Wabash & Pittsburg R'y Co. bonds, 
Hudson River Electric Power Co. bonds, 
Fonda, Johnstown & Gloversville R.R. Co. b'ds 
Potomac Valley R.R. Co. bonds, 
Hudson River Water Power Co. notes, . 
Mass. Securities Co. bonds, 
Lowell & Boston St. R'y Co. bonds and notes, 
144 shares National Granite Bank, Quincy, 
175 " N. E. Dressed Meat & Wool Co., 
100 " North Packing & Provision Co., 

Mortgage note, 

Corporation notes, 



Schedule B. 



Market Value. 

$44,200 00 
11,000 00 
15,000 00 ' 

9,000 00 ' 
10,000 00 
10,000 00 

9,000 00' 
19,000 00 
19,440 00 
26,250 00 
10,000 00 
50,000 00 
39,344 18 



Loaned Thereon. 

$34,200 00 
25,000 00 

25,000 00 

20,000 00 

17,700 00 

7,500 00 

7,500 00 

35,000 00 

39,344 18 



$272,234 18 $211,244 18 



Slocks^ and Bonds oivned by the Company. 

Book Value. 

88 shares Rockland National Bank, Boston, . $12,056 00 

87 " Second National Bank, Boston, . 15,056 00 

40 " Merchants' National Bank, Boston, 6,040 00 

60 " State National Bank, Boston, . . 8,792 88 

329 " Mt. Wollaston Nat'l Bank, Quincy, 40,490 75 

48 " Granite National Bank, Quincy, . 6,295 75 

50 " Wachusett Nat'l Bank, Fitchburg, . 10,000 00 

40 •• Hingham Nat'l Bank, Hingham, . 5,639 25 



Market Value. 

$13,200 00 
17,835 00 
7,400 00 
8,700 00 
39,480 00 
6,480 00 
5,000 00 
4,000 00 



RUBBER MANUFACTURERS MUTUAL INSURANCE CO. 



63 



32 shares First Nat 1 ! B'k, South AVey mouth, 



Quinsigamond N'l B'k, Worcester, . 
Brockton National Bank, Brockton, 
Plymouth Natl Bank, Plymouth, . 
First National Bank, West Newton, 
on Washington Bank, Boston (in 



10 

50 " 

29 " 

25 " 
Balance 

liquidation), 
Balance on 46 shares Continental National 

Bank, Boston (in liquidation), 
Balance on Suffolk B'k Boston (in liquidation), 

11 shares Old Colony R.R., . 
178 " Lawrence Duck Co., 

50 " State St. Safe Deposit & Trust Co., 

13 " Decatur Water Works Co., 
Chicago, Burl. & Quincy R R. bonds, 
Decatur Water Works Co. bonds, 
Michigan Telephone Co bonds, 
Northern Pacific & Gt. North. R'y Co. bonds, . 
State of Massachusetts bonds, . 
37 shares First National Bank, Boston, . 
Balance on Union National Bank, Weymouth, 

(in liquidation), 

Balance on Hamilton National Bank, Boston, 

(in liquidation), 

25U shares Commonwealth Trust Co., 



Book Value. 

75 

50 
00 
00 
00 



f3,538 

992 

5,000 

3,433 

2,675 



Market Value. 

00 
00 
00 
00 
00 



§3,200 
1,300 
6,250 
3,045 
2,500 



25 00 



00 
00 
00 
00 
00 
00 



40 

50 

1,100 

17,800 

5,000 

350 

10,000 00 

2,900 00 

9,605 00 

24,033 48 

38,500 00 

3,439 25 

16 71 

25 00 
37,500 00 



50 00 

100 00 

200 00 

2,200 00 

15,000 00 

7,500 00 

350 00 

10,000 00 

2,900 00 

8,000 00 

43,200 00 

38,500 00 

8,325 00 

100 00 

500 00 
37,500 00 



$270,394 32 $292,815 00 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incoi'porated Nov. 4, 18«4. Commenced business Jan. 15, 1885.] 
ARTHUR W. CLAPP, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums $376,285 89 

Interest on bonds, 11,497 37 

Total income, $387,783 26 

Ledger assets, Dec. 31, 1903, 301,986 06 

Total, $689,769 32 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc., of officers and employees, . 

Taxes, 

Inspections 

All other disbursements, 

Total disbursements, 

Balance, ....... 



$49,988 69 

293,499 91 

5,221 48 

4,602 35 

8,303 21 

22,099 25 

$383,714 89 

$306,054 43 



<>4 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 



Ledger Assets. 

Bonds (Schedule A) $254,000 00 

Cash in banks and office, 43,012 26 

Premiums in course of collection, 9,042 17 



Total ledger assets, $306,054 43 

Non-Ledger Assets. 

Interest accrued on bonds 4,565 41 

Market value of bonds over book value, 1,948 75 



Gross assets, $312,568 59 

Liabilities. 

Unpaid losses $1,000 00 

Unearned premiums on outstanding risks, .... 189,157 25 

Taxes 717 80 

All liabilities, except surplus, $190,875 05 

Surplus, 121,693 54 

Total liabilities, $312,568 59 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $39,727,342 00 $319,944 34 $1,599,721 70 

Risks written during 1904, . 45,502,558 00 395,373 34 1,976,866 70 



Total $85,229,900 00 $715,317 68 $3,576,588 40 

Risks expired and terminated, . 43,014,938 00 337,003 17 1,685,015 85 



In force at end of year, . . $42,214,962 00 $378,314 51 $1,891,572 55 

Miscellaneous. 

Losses incurred during the year, $32,300 00 

Profits or surplus returned during 1904, 83.91 per cent. 

Schedule A. 

Bonds owned by the Company. 

Book Value. Market Value. 

N. Y. Cent. & Hudson River R.R. bonds, . $15,000 00 $13,650 00 

Chicago Terminal Transfer R.R. bonds, . . 20,000 00 17,200 00 

N. E. Telephone & Telegraph Co. bonds, . 27,000 00 27,325 00 

American Bell Telephone Co. bonds, . . 15,000 00 14,981 25 

Bangor & Aroostook R.R. bonds, . . 10,000 00 11,800 00 

West End Street R'y bonds 20,000 00 20,637 50 

St. Lo. Merchants' Bridge Terminal R.R. b'ds, 25,000 00 28,125 00 

American Writing Paper Co. bonds, . . 10,000 00 8,300 00 

American Tel. & Telegraph Co. bonds, . . 22,000 00 21,395 00 

Fitchburg Railroad bonds, .... 20,000 00 21,062 50 



SALEM MUTUAL FIRE INSURANCE CO. 



65 



Boston & Lowell R.R. bonds, . 
Maine Central R.R. bonds, 
Boston Consolidated R.R. Co. bonds, 
Northern Pacific R.R. Co. bonds, 
Western Union Telegraph Co. bonds, 



Book Value. 

$20,000 00 

16,000 00 

12,000 00 

7,000 00 

15,000 00 



Market Value. 

$19,800 00 

16,920 00 

12,240 00 

6,912 50 

15,600 00 



|254,000 00 $255,948 75 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced lousiness May 1, 1838.] 
HOWARD 8. PORTER, President. ARTHUR DERBY, Secretary. 

Amount of permanent fund, ....... $52,580 66 

Income. 

Net premiums, $41,368.14; extra premiums, $179.70, . . $41,547 84 
Interest on mortgage loans, $100.10; stocks and bonds, 

$3,800.58; all other, $34.69, 3,935 37 

From all other sources, 449 44 

Total income, .... .... $45,932 65 

Ledger assets, Dec. 31, 1903, plus error, 108,001 82 

Total, $153,934 47 

Disbursements. 

Net amount paid for losses, $21,676 99 

Profits on terminated policies, 12,028 97 

Commissions or brokerage, 7,751 95 

Salaries, fees, etc., of officers and employees, . . . . 4,124 00 

Rents, 450 00 

State tax, . 416 33 

Loss on sale or maturity of ledger assets, .... 88 75 

All other disbursements, 2,441 70 

Total disbursements, $48,978 69 

Balance, $104,955 78 

Ledger Assets. 

Mortgages, $300 00 

Stocks and bonds (Schedule A), 98,738 73 

Cash in banks and office, 1,411 31 

Agents' balances, 4,505 74 

Total ledger assets, $104,955 78 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $1.05; bonds, $1,497.28, 1,498 33 

All other, 96 05 

Gross assets, $106,550 16 



6ti 



SALEM MUTUAL FIRE INSURANCE CO. 



Assets not admitted. 

Agents' balances over three months due, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 

Total admitted assets, .... 



$479 37 
453 23 


$932 60 






$105,617 56 



Liabilities. 

Unpaid losses, $2,917 81 

Unearned premiums on outstanding risks, $53,721.47 ; plus 

same on disallowed reinsurance, $64.75, .... 53,786 22 

Dividends due policy holders, 1,880 09 

Due for return premiums, $131.40 ; reinsurance, $63 47, . 194 87 

State tax, 82 80 

All liabilities, except surplus, $58,861 79 

Surplus, 46,755 77 

Total liabilities, $105,617 56 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $5,896,513 00 $100,748 27 
Risks written during 1904, . 2,580,527 00 43,854 39 



Total, $8,477,040 00 $144,602 66 

Risks expired and terminated, . 2,320,427 00 38,770 65 



In force at end of yea,r, . 
Amount reinsured, . 

Net amount in force, . 



1,156,613 00 $105,832 01 
159,379 00 2,076 62 



Conting't Prem's. 

$100,748 27 
43,854 39 

$144,602 66 
38,770 65 

$105,832 01 
2,076 62 



$5,997,234 00 $103,755 39 $103,755 39 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$20,344 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Boston & Albany R.R. bonds, . 
Boston & Lowell R.R bonds, . 
Boston & Maine R R bonds, . 
Boston & Providence R.R. bonds, 
Chicago, Burlington & Quincy R.R. 
Eastern R R. bonds, . 
Fitch burg R.R bonds, 
Illinois Central R.R. bonds, 
Maine Central R.R. bonds, 
Old Colony R R. bonds, . 
West End St. R'y Co. bonds, 
Akron, O., city bonds, 
Boston city bonds, 



bond 



Book Value. 

$1,052 50 
3,115 
1,017 
2,100 
1,037 
2,220 
3,225 
3,680 
2,137 
1,055 
1,065 
2,087 
5,341 



89 
50 
00 
50 
00 
00 
00 
50 
00 
00 
42 
25 



Market Value. 

$1,032 50 

3,172 50 

1,080 00 

2,100 00 

955 00 

2,060 00 

3,105 00 

3,470 00 

2,040 00 

1,060 00 

1,057 50 

2,057 50 

5,117 50 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 67 



Brockton city bonds, 
Chelsea cit}^ bonds, . 
Chicago city bonds, . 
Columbus, O., city bonds, 
Cranston, R I., town bonds, 
Dayton, O , city bonds, 
Fall River city bonds, 
Haverhill city bonds, 
Marlborough city bonds, . 
Lynn city bonds, 
Massachusetts State bonds, 
Medford city bonds, . 
Milwaukee city bonds, 
Meriden, Conn., town bonds, 
Minneapolis city bonds, . 
New Bedford city bonds, . 
New Britain city bonds, . 
Northampton city bonds, . 
Peabody town bonds, 
Pittsburgh city bonds, 
Plymouth town bonds, 
Quincy, 111., city bonds, . 
Salem (Mass.) city bonds, 
Louisville city bonds, 
Stoneham town bonds, 
Stamford, Conn., city bonds, 
Swampscott town bonds, . 
Toledo, O., city bonds, 
Waltham city bonds, 
Wilksbarre, Pa., city bonds, 
Woburn city bonds, . 
9 shares Boston & Maine Railroad, 
15 " Salem Gas Light Co., 



Book Value. 


Market Value. 


$2,112 50 


$2,032 50 


2,170 00 


2,060 00 


3,125 00 


3,135 00 


3,112 50 


3,032 50 


1,050 00 


1,030 00 


1,038 70 


1,035 00 


4,315 00 


4,080 00 


1,120 00 


1,075 00 


1,092 50 


1,030 00 


4,115 00 


4,040 00 


3,300 00 


2,979 50 


1,060 00 


1,060 00 


1,093 75 


1,030 00 


1,047 80 


1,002 50 


1,122 50 


1,080 00 


2,152 50 


2,070 00 


4,166 73 


4,122 50 


1,020 00 


1,005 00 


1,012 63 


1,002 50 


2,041 39 


1,940 00 


5,115 45 


5,162 50 


2,130 00 


2,070 00 


2,091 25 


2,018 75 


3,112 13 


3,040 00 


2,075 00 


2,000 00 


2,095 00 


2,070 00 


2,060 00 


2,060 00 


2,108 89 


2,107 50 


1,060 00 


1,012 50 


1,031 70 


995 00 


3,056 25 


3,003 75 


900 00 


1,536 00 


1,500 00 


3,060 00 


$98,738 73 


$98,285 50 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, MARLBOROUGH. 

[Incorporated May 18, 1855. Commenced business June 15, 1855.] 

W. C. JEWETT, President. E. D. HOWE, Secretary. 

[Note. — This company takes deposit notes from its members and makes an assessment 
when the note is issued for paying current expenses.] 

Income. 

Net premiums, $7,281.75; extra premiums, $30.78, . . $7,312 53 
Interest, 127 61 

Total income, $7,440 14 

Ledger assets, Dec. 31, 1903, 4,717 72 

Total, $12,157 86 



Disbursements. 



Net amount paid for losses, 
Commissions or brokerage, 



S2,724 60 
1,043 71 



68 



SAUGUS MUTUAL FIRE INSURANCE CO. 



Salaries, fees, etc., of officers and employees, . 

Taxes and fees, 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 



Cash in banks and office, . 
Agents' balances, 



Total ledger assets, 

Non-Ledger Assets. 
Furniture, fixtures, safe, stationery, etc., . 

Gross assets, 



Assets not admitted. 
Furniture, fixtures, safes, stationery, etc., 

Total admitted assets, 

Liabilities. 
Commissions and other charges due agents and brokers, 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1903, $1,403,113 00 
Risks written during 1904, . 865,430 00 



Total, $2,268,543 00 

Risks expired and terminated, . 325,353 00 



Cash Prem's. 

$12,767 88 
7,946 65 

$20,714 53 
2,920 82 



$878 26 

65 78 

321 58 

$5,033 93 

$7,123 93 



$5,871 79 
1,252 14 

$7,123 93 



205 00 



$7,328 93 



205 00 



\123 93 



$220 96 



Conting't Prem's. 

$51,071 52 
31,786 60 



,858 12 
11,683 28 



In force at end of year, 



.,943,190 00 $17,793 71 $71,174 84 



Miscellaneous. 
Losses incurred during the year, 



$2,725 00 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary. 

[Note. — This company relies upon assessments on deposit notes to pay losses and 
expenses.] 

Income. 

Interest, $43 18 

Assessments, 2,747 30 

Policy fees, 491 00 

Total income, $3,281 48 

Ledger assets, Dec. 31, 1903, 2,475 99 

Total $5,757 47 



SOUTH DAN VERS MUTUAL FIRE INSURANCE CO. 69 



Disbursements. 



Net amount paid for losses, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

All other disbursements, 



$719 


70 


1,440 00 


150 


00 


173 


68 


$2,483 38 



Total disbursements, 

Balance, $3,274 09 

Ledger Assets. 
Cash in banks and office, $3,274 09 

Non-Ledger Assets. 
Unpaid assessments, 263 50 



Gross assets, $3,537 59 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, . . . $2,686,145 00 $340,673 00 
Risks written during 1904, .... 863,430 00 110,256 00 

Total, . . ... 
Risks expired and terminated, . 

In force at end of year, .... 



Miscellaneous 



$3,549,575 00 $450,929 00 
915,555 00 115,711 00 



Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, . 2,820 00 



(,634,020 00 $335,218 00 



$720 00 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 
G. HORACE MERRILL, President. FRANK TAYLOR, Secretary. 

Amount of permanent fund, $33,697 05 

Income. 

Net premiums, $3,724.13; extra premiums, $27.75, . . $3,75188 

Interest on stocks and bonds, $1,251 ; all other, $2.79, . . 1,253 79 

Policy fees, 120 00 

From all other sources, 12 82 



Total income, $5,138 49 

Ledger assets, Dec. 31, 1903, 30,421 11 

Total, $35,559 60 



70 SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $210 61 

Profits on terminated policies, 3,230 00 

Commissions or brokerage, 15 68 

Salaries, fees, etc., of officers and employees, .... 922 00 

Rents, 120 00 

Taxes and fees, 38 23 

Loss on sale or maturity of ledger assets, .... 2,000 00 

All other disbursements, 123 54 

Total disbursements, $6,660 06 

Balance, $28,899 54 

Ledger Assets. 

Stocks and bonds (Schedule A), $26,196 42 

Cash in banks and office, 2,703 12 

Total ledger assets $28*899 54 

Non-Ledger Assets. 
Interest accrued : — 

On bonds, $165; other assets, $162.50, 327 50 

Market value of stocks and bonds over book value, . . 1,424 58 

Gross assets, $30,651 62 

Liabilities. 

Unearned premiums on outstanding risks, .... $11,976 42 

Dividends due policy holders, 380 25 

Salaries and other miscellaneous expenses, due or accrued, . 81 50 

All liabilities, except surplus, $12,438 17 

Surplus, 18,213 45 

Total liabilities, $30,651 62 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $1,131,358 00 $24,007 65 $72,022 95 

Risks written during 1904, . 194,950 00 4,116 13 12,348 39 

Total, $1,326,308 00 $28,123 78 $84,371 34 

Risks expired and terminated, . 175,995 00 3,665 10 10,995 30 

In force at end of year, . . $1,150,313 00 $24,458 68 $73,376 04 

Amount reinsured, . . . 4,500 00 54 00 162 00 

Net amount in force, . . $1,145,813 00 $24,404 68 $73,214 04 

Miscellaneous. 

Losses incurred during the year, $211 00 

Profits or surplus returned during 1904, 20, 40, 60 and 100 per 
cent. 



traders' and mechanics' mutual FIRE INSURANCE CO. 71 



Schedule A. 
Stocks and Bonds owned by the Company. 



Providence, R I., city bonds, . 

Boston & Maine R R. bonds, . 

N. Y. Cent. & Hudson River R.R. bonds, 

20 shares Warren National Bank, Peabody, 

20 " Naumkeag National Bank, Salem, 

12 " First N'l B% Salem (in liquidate), 

4 " State National Bank, Boston, . 

4 " Andover National Bank, Andover, 

1 share Cape Ann Nat'l Bank, Gloucester, 
20 shares Naumkeag Steam Cotton Co., 
20 " Androscoggin Mills, . 

2 " Nashua Manufacturing Co., 
15 " N. Y., N. H. & Hartford R.R., 
50 " Pennsylvania R.R., . 



Book Value. 

$4,184 44 
3,084 50 
2,094 37 
2,000 
2,000 

600 

560 

400 

150 
2,045 
2,000 

960 
3468 
2,949 



00 
00 
00 
00 
00 
00 
00 
00 
00 
75 
36 



Market Value. 

$4,340 00 
3,210 
1,990 
2,500 
2,800 

600 

581 

440 

150 
1,020 
2,300 
1,230 
2,985 
3,475 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$26,196 42 $27,621 00 



TRADERS 1 AND MECHANICS' MUTUAL FIRE INSURANCE 

COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 
CHARLES C. HUTCHINSON, President. . E. M. TUCKE, Secretary. 



Amount of permanent fund, 



$410,098 69 



Income. 

Net premiums, $171,639.51; extra premiums, $913.99, . . $172,553 50 
Interest on mortgage loans, $2,926.31 ; collaterals, $809.48 ; 

stocks and bonds, $20,705.35, 24,44114 

Rents, 1,447 00 

From all other sources, 19 75 

Total income, $198,461 39 

Ledger assets, Dec. 31, 1903, 616,432 66 

Total, $814,894 05 

Disbursements. 

Net amount paid for losses, $63,581 48 

Profits on terminated policies, 72,011 45 

Commissions or brokerage, 25,763 39 

Salaries, fees, etc., of officers and employees, .... 15,280 00 

Rents, 1,696 00 

Repairs and expenses on real estate, 429 71 

Real estate taxes, $355.17 ; other taxes and fees, $2,592.56, . 2,947 73 

Loss on sale or maturity of ledger assets, . . . . 6,918 08 

All other disbursements, 10,573 52 



Total disbursements, . 
Balance, 



$199,201 36 
$615,692 69 



72 traders' and mechanics' mutual FIRE INSURANCE CO. 



Ledger Assets 

Real estate, $14,250 ; mortgages, $79,072.60, 
Loans secured by collateral (schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents 1 balances, 



$93,322 60 

15,086 00 

476,100 00 

9,751 09 

21,433 00 



Total ledger assets, $615,692 69 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,948.64; bonds, $1,487.50 ; collateral loans, 

$139.85, 

Market value of stocks and bonds over book value, 



Gross assets, 



3,575 99 
59,152 50 

$678,421 18 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . . ... 
Commissions and other charges due agents and brokers, 



$1,611 55 

314,976 51 

2,269 23 

3,077 23 



All liabilities, except surplus, $321,934 52 

Surplus, . » . 356,486 66 



Total liabilities, $678,421 18 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31,1903, $40,658,912 00 $607,077 17 
Risks written during 1904, . 11,852,415 00 181,633 86 



Conting't Prem's. 

$607,077 17 
181,633 86 



Total,. 
Risks expired and terminated, 



,511,327 00 
11,289,286 00 



$788,711 03 1788,711 03 
171,522 55 171,522 55 



In force at end of year, 



. $41,222,041 00 $617,188 48 $617,188 48 



Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 40 and 60 per cent. 



$64,093 00 







Schedule 


- A. 










Securities held as 


Collateral. 


» 










Market Value. 


Loaned Theieon. 


2 shares Tremont & Suffolk Mills, 




$174 00 I 


$1,000 00 


4 


it 


Lowell Gas Light Co., 




960 00 S 


35 


It 


Tremont & Suffolk Mills, 




3,025 00 


3,000 00 


145 


(1 


Massachusetts Electric, . 




5,786 00 I 


4,500 00 


13 


It 


Swift & Co., . 




1,339 00 ^ 


16 


II 


Merrimack Mfg. Co., 




1,090 00 


786 00 


30 


II 


Putnam & Son Co., . 




3,000 00 


3,000 00 


6 


It 


Merrimack Mfg. Co., 




540 00 


450 00 


12 


II 


New England Tel. Co., . 




1,606 00 


1,350 00 


10 


It 


Old Lowell National Bank, 




1,080 00 


1,000 00 



$18,600 00 $15,086 00 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 



73 



Schedule B. 

Stocks and Bonds owned by the Company. 



Andover town bonds, 
Boston city bonds, 
Boston & Maine R.R. bonds, 
Fitchburg city bonds, 
Fitchburg R.R. bonds, 
Holyoke city bonds, . 
Illinois Central R.R. bonds, 
Long Island R.R. bonds, . 
Massachusetts State bonds, 
Maiden sewer bonds, 
Marlborough water bonds, 
Marblehead water bonds, . 
Ogdensburg & Lake Champlain R.R. bonds, 
Rutland Canadian R.R. bonds, 
Quincy (111.) city bonds, . 
New England R.R. bonds, 
Maine Central R.R. bonds, 
West End Street Railway bonds, 
Chicago sanitary bonds, . 
35 shares Bigelow Carpet Co., 



2 

50 

462 

80 

68 

176 

15 

50 

100 

25 

200 

200 



Hamilton Manufacturing Co., 
Lawrence Gas Company, 
Lowell Gas Company, 
Massachusetts Cotton Mills, 
Massachusetts Cotton Mills, Ga., 
Merrimack Manufacturing Co., 
Middlesex Mills, 
Tremont & Suffolk Mills, 
Old Lowell National Bank, 
Vermont & Massachusetts R.R. 
Massachusetts Electric Co., 
Massachusetts Gas Co., . 



Book Value. 

$15,000 00 

20,000 00 

20,000 00 

10,000 00 

15,000 00 

15,000 00 

45,000 00 

11,000 00 

25*000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

20,000 00 

12,000 00 

10,000 00 

20,000 00 

20,000 00 

20,000 00 

3,500 00 

2,000 00 

5,000 00 

46,200 00 

8,000 00 

6,800 00 

17,600 00 

1,500 00 

5,000 00 

10,000 00 

2,500 00 

20,000 00 

20,000 00 



Market Value. 

$16,237 50 
21,000 00 
23,400 00 
10,800 00 
15,900 00 
16,275 00 
40,800 00 
12,045 00 
23,687 
10,875 
10,825 
10,700 
19,400 00 
19,400 00 
12,390 00 
12,650 
20,450 
21,100 
20,600 

3,762 

1,330 

7,250 
110,880 

6,800 

6,800 

11,990 

780 

4,350 
10,800 00 

4,375 00 
11,600 00 
16,000 00 



50 
00 
00 
00 



00 
00 
00 
00 
50 
00 
00 
00 
00 
00 
00 
00 
00 



$476,100 00 $535,252 50 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, 

WEST NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 
RICHARD NEWELL, President. MYRON H. GOODWIN, Secretary. 



[Note. — This company relies upon assessments on deposit notes to pay losses and ex- 
penses.] 



Income. 



Assessments, 
Policy fees, 
Borrowed money, 




Total income, 
Ledger assets, Dec. 31, 1903, 



Total, 



$4,944 27 

85 50 

2,800 00 

$7,829 77 

141 60 

$7,971 37 



74 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, . 
Commissions or brokerage, . 
Salaries, fees, etc , of officers and employees, . 

Rents, 

Taxes and fees, 

Borrowed money repaid, . 

All other disbursements, 



Total disbursements, . 
Balance, 



$4,162 72 


249 


17 


397 


00 


15 00 


48 


97 


2,850 00 


184 


96 


$7,907 


82 



$63 55 



Cash in banks and office, 



Ledger Assets. 



$63 55 



Non-Ledger Assets. 



Unpaid assessments and policy fee, . 
Furniture, fixtures and safe, 

Gross assets, .... 



22 98 
75 00 



$161 53 



Assets not admitted. 
Furniture, fixtures and safes, .... 

Total admitted assets, .... 



75 00 



$86 53 



Liabilities. 

Interest due or accrued, . . 

Salaries and other miscellaneous expenses, due or accrued, . 
Borrowed money, 

All liabilities, except surplus, 



14 

219 50 
4,100 00 

$4,387 64 



Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, . . .$1,533,905 00 $102,836 13 

Risks written during 1904, .... 219,737 00 15,814 88 



Total, $1,753,642 00 $118,651 01 

Risks expired and terminated, .... 257,202 00 15,996 77 



In force at end of year, 



. $1,496,440 00 $102,654 24 



Miscellaneous. 
Losses incurred during the year, 



$4,142 00 



WHITING MUTUAL INSURANCE CO. 75 



WHITING MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Nov. 9, 1898. Commenced business Jan. 1, 1899.] 
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary. 

SI Milk Street. 

Income. 

Net premiums, $41,964^79 

Interest on bonds, 1,430 83 



Total income, f 43,395 62 

Ledger assets, Dec. 31, 1903, 35,960 31 



Total, $79,355 93 

Disbursements. 
Net amount paid for losses, . . . ... . . $11,902 73 



Profits on terminated policies, . 

Salaries, fees, etc., of officers and employees, 

Taxes and fees, 

All other disbursements, .... 



17,119 41 

1,354 50 

744 63 

3,729 80 



Total disbursements, $34,851 07 



Balance, $44,504 86 

Ledger Assets. 

Bonds (Schedule A) $35,000 00 

Cash in banks and office, 8,080 22 

Premiums in course of collection, 1,424 64 



Total ledger assets $44,504 86 

Non-Ledger Assets. 
Interest accrued on bonds, 515 00 



Gross assets, $45,019 86 

Assets not admitted. 
Depreciation in book value of bonds, 231 25 



Total admitted assets, $44,788 61 

Liabilities. 

Unpaid losses, $200 00 

Unearned premiums on outstanding risks, .... 37,125 96 

Salaries and other miscellaneous expenses, due or accrued, . 93 10 



All liabilities, except surplus, $37,419 06 

Surplus, 7,369 55 



Total liabilities, $44,788 61 



76 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1903, $7,420,349 00 
Risks written during 1904, . 6,575,004 00 



Total, $13,995,353 00 

Risks expired and terminated, . 4,560,548 00 



In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



1,434,805 00 
839,261 00 



Cash Prem's. Conting't Prem's. 

$63,255 78 $126,511 56 

43,860 24 87,720 48 



!107,116 02 $214,232 04 
33,822 97 67,645 94 



$73,293 05 
2,855 12 



$146,586 10 
5,710 24 



^,595,544 00 $70,437 93 $140,875 86 



Miscellaneous. 

Losses incurred during the year, . . . 

Profits or surplus returned during 1904, 60 and 75 per cent. 

Schedule A. 



Bonds owned by the Company. 



Chicago Terminal Transfer R.R. Co. bonds, 
American Bell Telephone Co. bonds, 
New England Tel. & Tel. Co. bonds, 
American Tel. & Telegraph Co. bonds, 
Western Union Telegraph Co. bonds, 
Lake Shore & Mich. Southern bonds, 
Michigan Central R.R. bonds, . 
N. Y., New Haven & Hartford R.R. bonds, 



Boob Value. 

$5,000 00 
5,000 00 
4,000 00 
6,000 00 
8,000 00 
3,000 00 
2,000 00 
2,000 00 



$11,185 00 



Market Value. 

$4,300 00 
4,993 
4,300 
5,835 
8,320 00 
3,000 00 
1,960 00 
2,060 00 



75 

00 

00 



$35,000 00 $34,768 75 



WORCESTER MANUFACTURERS 1 MUTUAL INSURANCE 
COMPANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 
WALDO E. BUCK, President. CHARLES S. BACON, Secretary. 

Income. , 

Net premiums, $551,135 87 

Interest on stocks and bonds, $19,980.18; all other, $2,381 .27, 22,361 45 
Premiums paid in advance, 356 89 



Total income, 
Ledger assets, Dec. 31, 1903, 



$573,854 21 
527,275 87 



Total $1,101,130 08 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, , 

Taxes and fees, 



$42,685 96 

461,851 96 

10,758 60 

1,000 00 

5,859 28 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 77 

Loss on sale or maturity of ledger assets, .... f 18 75 

Inspections, etc., 8,097 65 

1903 premiums paid in 1904, 163 13 

All other disbursements, 2,095 97 

Total disbursements, $532,53130 

Balance, $568,598 78 

Ledger Assets. 

Stocks and bonds (Schedule A), $490,299 32 

Cash in banks and office, 70,263 68 

Premiums in course of collection, 8,035 78 

Total ledger assets, $568,598 78 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 7,379 00 

Market value of stocks and bonds over book value, . . 25,062 68 

Gross assets, $601,040 46 

Liabilities. 

Unpaid losses, $1,041 87 

Unearned premiums on outstanding risks, .... 272,062 05 

Premiums paid in advance, 356 89 

Taxes on net premiums, 1,460-02 

All liabilities, except surplus, $274,920 83 

Surplus, 326,119 63 

Total liabilities, $601,040 46 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prems. 

Risks outstanding Dec. 31, 1903, $63,098,445 00 $504,070 37 $2,520,351 85 

Risks written during 1904, . 73,936,465 00 577,065 06 2,885,325 30 

Total,. . . . $137,034,910 00 $1,081,135 43 $5,405,677 15 

Risks expired and terminated, . 67,876,717 00 537,011 33 2,685,056 65 

In force at end of year, . . $69,158,193 00 $544,124 10 $2,720,620 50 

Miscellaneous. 

Losses incurred during the year, $40,040 00 

Profits or surplus returned during 1904, 90.35 per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

100 shares Connecticut River R.R $25,000 00 $28,000 00 

52 " Norwich & Worcester R.R., . . 10,700 00 11,752 00 

100 " Union Pacific R R., . . . . 7,700 00 9,700 00 
200 •• Northwestern Tel. Co., . . . 12,487 50 12,000 00 



78 



WORCESTER MUTUAL FIRE 



Concord & Montreal R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & E. Illinois R.R. bonds, . 

West End Street Railway bonds, 

Chic, Rock Island & Pacific R.R. bonds, . 

Rutland R.R. bonds, . 

Old Colony R.R. bonds, . 

Fitchburg R.R. bonds, 

Boston & Maine R.R. bonds, 

Union Pacific R.R. bonds, . 

Oregon Short Line R.R. bonds, 

Oregon R.R & Navigation Co. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

American Bell Telephone Co bonds, 

American Tel. & Telegraph Co. bonds, . 

Central R.R. of New Jersey bonds, . 

Ogdensburg & Lake Champlain R'y bonds, 

Wisconsin Central R'y bonds, . 

Chic. June. R'y & Union Stock Y'd Co. bonds 

Rio Grande Western R'y bonds, 

Toronto, Hamilton & Buffalo R'y bonds, . 

Erie R.R. bonds, 

Cincin., Richmond & Muncie R.R. bonds, 
Chicago & Cincinnati R.R. bonds, . 
Boston & Albany R.R. bonds, . 
Chicago, Burlington & Quincy R.R. bands, 
Cincinnati & Indiana Western R.R bonds, 
Northern Pacific & Gt. Northern R.R. bonds, 
American Telephone & Telegraph Co. bonds, 
Buffalo & Susquehanna R.R. bonds, 



INSURANCE CO. 




Book Value. 


Market Value. 


|20,000 00 


$20,800 00 


40,000 00 


41,600 00 


19,000 00 


19,000 00 


15,000 00 


15,750 00 


20,000 00 


20,900 00 


8,912 50 


8,200 00 


10,000 00 


10,100 00 


15,000 00 


15,900 00 


15,000 00 


15,750 00 


20,000 00 


23,600 00 


14,730 00 


16,600 00 


14,494 32 


16,350 00 


10,000 00 


10,200 00 


15,000 00 


15,450 00 


25,000 00 


24,750 00 


9,800 00 


9,600 00 


10,000 00 


13,500 00 


10,000 00 


10,000 00 


9,200 00 


9,200 00 


6,000 00 


6,360 00 


10,000 00 


9,900 00 


4,887 50 


4,750 00 


9,400 00 


9,500 00 


10,000 00 


10,800 00 


5,000 00 


5,400 00 


15,000 00 


15,000 00 


14,456 25 


14,550 00 


5,300 00 


5,400 00 


23,531 25 


25,000 00 


15,000 00 


15,150 00 


14,700 00 


14,850 00 


$490,299 32 


$515,362 00 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.] 
LEWIS N. GILBERT, President. ROGER F. UPHAM, Secretary. 



Amount of permanent fund, 



$420,000 00 



Income. 

Net premiums, $139,273.17 ; extra premiums, $696.88, . $139,970 05 
Interest on mortgage loans, $14,910. 17 ; collaterals, $272.50 ; 

stocks and bonds, $13,685 ; all other, $641.59, . . . 29,509 26 

Rents 8,352 34 

Profit on sale or maturity of ledger assets, .... 8,243 05 

Total income, $186,074 70 

Ledger assets, Dec. 31, 1903, 804,974 53 



Total, . $991,049 23 



WORCESTER MUTUAL FIRE INSURANCE CO. 



79 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Repairs and expenses on real estate, 

Real estate taxes, $2,553.25 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, 



!,255.63, 



$40,389 12 

92,218 83 

19,591 57 

14,393 15 

476 56 

4,808 88 

6,381 39 

7,987 29 

$186,246 79 



Balance, $804,802 44 



Ledger Assets. 

Real estate, $100,000; mortgages, $311,606, . 

Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), 

Cash in banks and office, . 

Agents' balances, 



Total ledger assets, 



$411,606 00 

5,450 00 

350,500 00 

20,732 34 

16,514 10 

$804,802 44 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,393.70; stocks and bonds, $4,801.62 

lateral loans, $125.35 ; other assets, $50.69, 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 

Gross assets, 



col- 



9,371 36 

699 57 

12,600 00 

12,517 00 

$839,990 37 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 
Due for return premiums, 

All liabilities, except surplus, . 
Surplus, 



$4,800 00 

308,823 21 

13,424 48 

1,047 61 

$328,095 30 
511,895 07 



Total liabilities $839,990 37 

Risks and Premiums. 

Amount. Cash Prems. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $44,305,095 00 $614,851 01 $614,851 01 

Risks written during 1904, . 10,538,064 00 145,189 40 145,189 40 

Total $54,843,159 00 $760,040 41 $760,040 41 

Risks expired and terminated, . 10,916,897 00 153,633 08 153,633 08 



In force at end of year, 



$43,926,262 00 $606,407 33 $606,407 33 



80 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 25, 50 and 70 per cent. 



|40,105 00 



Schedule A. 

Securities held as Collateral. 



60 shares Howard Bros. Manufacturing Co., 
Mechanics' Savings Bank book, 



Schedule B. 



Market Value. Loaned Thereon. 

$6,000 00 $5,000 00 
1,114 15 450 00 



r ,114 15 



Stocks and Bonds owned by the Company. 



45 shares Quinsigamond National Bank, 

Boston & Maine R.R. bonds, 

Boston & Albany R.R. bonds, . 

Cincin., Hamilton & Dayton R.R. bonds, 

Portland & Rumford Falls R.R. bonds, 

Fitchburg R.R. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Worcester, Nashua & Rochester R.R. bonds, 

Maine Central R.R. bonds, 

West End Street Railway bonds, 

Old Colony R.R. bonds, .... 

Illinois Central R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

St. Paul, Minn. & Manitoba R.R. bonds, . 

Boston & Lowell R.R. bonds, . 

Chic, Rock Island & Pacific R.R. bonds, . 

Concord & Montreal R.R. bonds, 

Cincin., Rich. & Muncie R.R. bonds, 

Central Pacific R.R. bonds, 

N. Y. Central R.R. bonds, 

Chicago & Cincinnati R.R. bonds, . 

Toledo, Walhom. Valley & Ohio R.R. bonds, 

Chicago & Western Indiana R.R bonds, . 

Pere Marquette & Indiana R.R bonds, . 

South Shore & Boston R.R. bonds, . 



Book Value. 

$4,500 00 

15,000 00 

15,000 00. 

12,000 00 

27,000 00 

25,000 00 

20,000 00 

9,000 00 

5,000 00 

6,000 00 

20,000 00 

26,000 00 

15,000 00 

5,000 

50,000 

10,000 

15,000 

10,000 00 

5,0U0 00 

6,000 00 

10,000 00 

20,000 00 

10,000 00 

5,000 00 

5,000 00 



00 
00 
00 
00 



$5,450 00 



Market Value. 

$6,075 00 
16,750 00 
15,375 00 
13,800 00 
28,620 00 
26,375 00 
20,600 

9,627 

5,325 

6,165 
21,300 00 
24,830 00 
14,325 

5,600 
50,000 
10,600 
15,675 
10,700 

4,900 

6,000 00 
10,700 00 
20,000 00 

9,900 00 

4,700 00 

5,075 00 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



$350,500 00 $363,017 00 



AGGREGATE. 



81 



AGGREGATE. 



Guaranty capital, . 
Admitted assets, . 
Liabilities, 



Assets. 
Liabilities. 



Income. 
Cash received for premiums during the year, 
for interest and dividends, . 

for rents, 

from all other sources, . 



Total income, 



Disbursements. 

Cash paid for losses, 

for brokerage and commissions on premiums, 
for salaries and fees of officers and employees, 
for State and local taxes, 

for rents, 

for return of profits or surplus, . 
for dividends on guaranty capital, 
for all other disbursements, 

Total disbursements, 

General Items. 

Risks outstanding at end of year, 

Amount of contingent premiums received thereon, 
of losses incurred during the year, 
of permanent fund, .... 



$100,000 



$13,346,162 



1,464,951 



$7,285,577 

476,998 

37,641 

50,415 

$7,850,631 



$1,214,036 

291,363 

326,277 

97,069 

25,571 

5,109,189 

7,000 

344,422 

$7,414,927 



$1,130,671,093 

33,968,068 

1,159,054 

4,191,272 



82 CHINA MUTUAL INSURANCE CO. 



MASSACHUSETTS MUTUAL FIRE-MARINE INSURANCE 

COMPANIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Kilby Street. 

Income. 

Net marine premiums, $277,806 68 

Interest on stocks and bonds, $6,678.60 ; all other, $491 .50, . 7,170 10 

Profit on sale or maturity of ledger assets, .... 3,300 00 

From all other sources, 700 00 

Total income, $288,976 78 

Ledger assets, Dec. 31, 1903, 274,477 02 

Total, $563,453 80 

Disbursements. 

Net amount paid for marine losses, $247,384 74 

Interest paid scrip holders, 15,084 30 

Commissions or brokerage, 18,856 41 

Salaries, fees, etc., of officers and employees, .... 20,875 00 

Rents, 3,650 00 

Taxes and fees, 1,953 99 

Loss on ledger assets, 675 22 

Interest on loans, 1,580 55 

Balance of account paid Baring Bros. & Co., .... 7,401 50 

All other disbursements, 5,704 73 

Total disbursements, $323,166 44 

Balance, $240,287 36 

Ledger Assets. 

Stocks and bonds (Schedule A) $126,452 00 

Cash in banks and office, % . . 38,133 05 

Agents' balances, 36,820 62 

Bills receivable, 38,881 69 

« 

Total ledger assets, $240,287 36 

Non-Ledger Assets. 

Salvage, 5,000 00 

Gross assets, $245,287 36 



CHINA MUTUAL INSURANCE CO. 



83 



Assets not admitted. 



Agents 1 balances over three months due, 
Bills receivable, past due, 

Total unadmitted assets, . 



$195 00 
1,334 50 



$1,529 50 



Total admitted assets, 



$243,757 86 



Liabilities. 

Unpaid losses, $71,112 ; less reinsurance, $15,580, . 
Unearned premiums on outstanding risks, $119,888.10, plus 
same on disallowed reinsurance, $1,272.14, 

Unpaid scrip ordered to be redeemed, 

Interest due or accrued, 

Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $1,000 ; reinsurance, $1,300, . 



All liabilities, except scrip and surplus, . 
Surplus to policy holders, .... 
Scrip outstanding not ordered to be redeemed, 
Impairment of scrip reserve, .... 



11,883 92 



$55,532 00 

121,160 24 

60 00 

321 70 

1,000 00 

1,500 00 

2,300 00 

$181,873 94 

506,090 00 
444,206 08 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 



Risks and Premiums. 

Premiums. 

. $8,349,125 00 $215,854 29 
. 20,850,752 00 349,607 39 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $29,199,877 00 $565,461 68 
. 20,564,677 00 345,495 47 



. $8,635,200 00 $219,966 21 
620,772 00 17,754 10 



5,014,428 00 $202,212 11 



Miscellaneous. 

Premiums received from organization of compan}-, 
Losses paid from organization of company, . 
Marine and inland losses incurred during the vear, 



$19,683,069 00 

. 14,087,950 00 

276,467 00 



Schedule A. 
Stocks, Bonds, etc., owned by the Company. 

Book Value. Market Value. 

400 shares N. Y., New Haven & Hart. R.R., . $79,600 00 $79,600 00 

100 " Boston & Albany R.R., . . . 25,400 00 25,400 00 

10 " Underwriters' Salvage Co., . . 1,000 00 1,000 00 

Atlantic Mutual Insurance Co. scrip, . . 5,452 00 5,452 00 

Boston & Maine R.R. bonds, .... 15,000 00 15,000 00 



$126,452 00 $126,452 00 



84 INDIA MUTUAL INSURANCE CO. 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 18G7. Commenced lousiness May 2, 1867.] 

Guaranty Fund paid up in Notes, $150,000. 

H. B. ALDEN, President. GEO. H. CROWE LL, Secretary. 

Office, 72 Kilby Street. 

Income. 

Net fire premiums, $120,306 77 

Interest on stocks and bonds, 4,804 20 

Increase of subscription notes, 2,000 00 



Total income, $127,110 97 

Ledger assets, Dec. 81, 1903, 268,330 02 

Total, $395,440 99 



Disbursements. 

Net amount paid for fire losses, $80,351 86 

Interest and dividends to scrip holders, 4,849 33 

Commissions or brokerage, 27,595 14 

Salaries, fees, etc., of officers and employees, .... 7,013 00 

Rents, 2,000 00 

Taxes and fees, 1,599 48 

Uncollected premiums, 792 38 

All other disbursements, 3,577 90 

Total disbursements, $127,779 09 

Balance, $267,661 90 

Ledger Assets. 

Stocks and bonds (Schedule A), $90,890 63 

Cash in banks and ofl&ce, 10,783 08 

Agents' balances, 13,988 19 

Subscripts notes on time not exceed'g twelve mos. not yet due, 152,000 00 

Total ledger assets, • . . $267,661 90 

Non-Ledger Assets. 

Market value of stocks and bonds over book value, . . 24,114 37 

Gross assets, $291,776 27 

Assets not admitted. 

Agents 1 balances over three months due, .... 718 91 

Total admitted assets, $291,057 36 



INDIA MUTUAL INSURANCE CO. 



85 



Liabilities. 

Unpaid losses, $7,256.32; less reinsurance, $0.83, . . . $7,255 49 
Unearned premiums on outstanding risks, $ 76,97 1.18 ; plus 

same on disallowed reinsurance, $170.34, .... 77,141 52 

Dividends due scrip holders, 639 39 

Salaries and other miscellaneous expenses, due or accrued, . 217 85 

Due for reinsurance premiums, 363 56 

All liabilities, except guaranty fund and surplus, . . |85,617 81 
Surplus to policy holders, .... $205,439 55 

Guaranty fund 152,000 00 

Scrip outstanding not ordered to be redeemed, . . . 150,471 00 

Impairment of scrip reserve, 97,031 45 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



.$11,031,484 00 
. 11,768,183 00 

.$22,799,667 00 
. 10,994,360 00 

.$11,805,307 00 
371,170 00 



Premiums. 

$148,957 13 
143,341 47 

$292,298 60 
140,182 23 

$152,116 37 
3,957 17 



.$11,434,137 00 $148,159 20 



Miscellaneous. 

Premiums received from organization of company, . . $4,165,440 00 

Losses paid from organization of company, .... 2,926,740 00 

Fire losses incurred during the year, 80,201 00 

Cash dividends declared from organization of company, . 133,585 00 



Schedule A. 

Stocks, Bonds, etc., owned by the Company. 



Chicago, Burlington & Quincy R.R. bonds, 

150 shares Old Colony Railroad, 

100 " Boston & Maine R.R., . 

125 " West End St. R'y, . 

110 " N. Y., N. H. & Hartford R.R., 
25 " Fitchburg R.R., 
10 " Boston & Albany R.R., . 
25 " Pullman Co., .... 
10 " Southern Oregon Co., 
60 " American Telegraph & Tel. Co., 



Company's own scrip, 



$5,801 00 



Book Value. 

$9,533 75 
18,750 00 
14,550 00 

9,872 75 
20,376 88 

2,383 25 

2,116 

3,240 
843 

9,225 



00 
00 
00 
00 



Market Value. 

$9,900 00 

30,750 00 

17,300 00 

13,875 00 

21,890 00 

3,550 00 

2,540 00 

5,950 00 

340 00 

8,910 00 



$90,890 63 $115,005 00 



86 



AGGREGATE. 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 
Whole amount of outstanding scrip not cancelled, 

Assets. 
Admitted assets, 

Liabilities. 

Income. 
Cash actually received for fire premiums, .... 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, 


$152,000 00 
656,561 00 

$511,420 00 

$267,493 00 

$120,307 00 

277,807 00 

11,974 00 

6,000 00 


Total income, 


$416,088 00 


Disbursements. 
Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 

for brokerage and commissions on premiums, . 

for salaries and pay of officers and employees, . 

for rents, . 

for State and local taxes, 

for office, agency and incidental expenses, 
Interest paid scrip holders, 


$80,352 00 

247,385 00 

46,452 00 

27,888 00 

5,650 00 

3,553 00 

19,056 00 

19,934 00 

675 00 


Total disbursements, 


$450,945 00 


Miscellaneous. 

Fire risks outstanding at end of year, 

Marine risks outstanding at end of year, .... 

Fire losses incurred during the year, 

Marine losses incurred during the year, .... 


$11,434,137 

8,014,428 

80,201 

276,467 



AMERICAN INSURANCE CO. 



87 



MASSACHUSETTS JOINT-STOCK FIRE, MARINE AND 
FIRE-MARINE INSURANCE COMPANIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June IS, 1818.] 

Paid-up Capital, $300,000. 

FRANCIS PEABODY, President. HENRY S. BEAN, Secretary. 

Office, 30 Kilby Street. 



Income. 

Net fire premiums, $422,263 88 

Interest on mortgage loans, $1,550.76; stocks and bonds, 

$22,307.65; all other, $980.03 24,838 44 

Profit on sale or maturity of ledger assets, .... 61,160 84 

From all other sources, 3,735 00 

Total income, $511,998 16 

Ledger assets, Dec. 31, 1903, . . . . . . . 749,850 60 

Total, . $1,261,848 76 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, . 

Salaries, fees, etc., of officers and employees, , 

Rents, 

Taxes and fees, 

All other disbursements, 

Total disbursements, .... 

Balance, 



$406,772 60 
18,000 00 
91,875 88 
24,148 95 
2,140 00 
15,851 54 
43,941 30 

$602,730 27 

$659,118 49 



Ledger Assets. 



Mortgages, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 

Total ledger assets, . 



$32,000 00 

536,168 23 

30,627 18 

60,323 08 

$659,118 49 



88 



AMERICAN INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $248.19 ; stocks and bonds, |5,993.72, 
Market value of stocks and bonds over book value, 

Gross assets, 



$6,241 91 
19,354 77 

$684,715 17 



Liabilities. 

Unpaid losses, $43,646.98 ; less reinsurance, $8,112.08, . 
Unearned premiums on outstanding risks, $280,293.71 ; plus 

same on disallowed reinsurance, $150, . . . 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 
Paid-up capital, ...... 

Surplus over capital and general liabilities, . 



$361,681 88 



$35,534 90 

280,443 71 

1,395 46 

178 84 

5,480 38 

$323,033 29 

300,000 00 
61,681 88 



Total liabilities, 



,715 17 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $66,351,239 00 
. 61,503,917 00 



Premiums. 

$805,511 11 
819,956 34 



$127,855,156 00 $1,625,467 45 
. 50,731,647 00 662,096 25 



. $77,123,509 00 
. 30,248,318 00 



$963,371 20 
342,247 29 



.$46,875,191 00 $621,123 91 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . • . 

Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$15,321,156 00 

. 9,596,191 00 

411,000 00 

. 2,937,000 00 

18,000 00 

60,300 00 



Schedule A. 

Stocks, Bonds, etc., owned by the Company. 



Old Boston National Bank stock, 
Tremont Nat'l Bank stock (in liquidation), 
Atlantic Mutual Ins. Co. scrip, . 
Boston & Lowell R.R. Co. stock, 
Old Colony R.R. Co. stock, 
Massachusetts Electric Co. stock, 
Merrimack Manufacturing Co stock, 
Pemberton Building Trust stock, 



Book Value. 

$12,200 00 

1,400 00 

5,210 00 

6,500 00 

12,400 CO 

9,945 00 

12,800 00 

10,300 00 



Market Value. 

$12,566 00 

182 CO 

5,400 

16,055 

25,637 

6,018 

8,160 



00 
00 
00 
CO 
00 



9,000 00 



BOSTON INSURANCE CO. 



89 



Claverly Trust stock, .... 
Underwriters Salvage Co. stock, 
Chicago, Burl. & Quincy R.R. bonds, 
Chicago, Mil. & St. Paul R.R. bonds, 
Cincin., Ind., St. Louis & Chicago R.R. bonds 
State of Massachusetts bonds, . 
Boston Terminal Co. bonds, 
Somerset Hotel Trust bonds, . 
Northern Pac. Gt. Northern joint bonds, . 
Central Union Telephone Co. bonds, 
American Telephone & Telegraph Co. bonds, 
Eastern Steamship Co. bonds, . 
Pennsylvania Steel Trust Co. bonds, 
Terminal R'y Association of St. Louis bonds, 
Atch., Topeka & Santa Fe R.R. bonds, 
Louisville & Nashville (gold) bonds, 
Ft. Street, Detroit, Union Depot bonds, . 
American Bell Telephone Co. bonds, 
United Elec Securities Co. (debent ) bonds, 
Baltimore & Ohio R.R. bonds, . 
City of Boston bonds, .... 
St. Louis National Stock Yards bonds, 
Lackawanna Steel Co. bonds, . 
Wabash Pittsburg Terminal Co. bonds, . 



Book Value. 

$5,000 00 
500 00 
40,000 00 
25,000 00 
40,000 00 
18,571 50 
22,194 00 
50,000 00 

7,540 00 
25,101 00 
20,000 00 
10,440 00 

9,762 00 
19,456 

4,725 

9,641 

7,563 

9,675 
10,000 00 

8,925 00 
86,209 48 

5,700 00 
20,285 00 

9,125 00 



00 
00 
25 
00 
00 



Market Value. 

$5,000 00 

5C0 00 

40,000 00 

31,500 00 

40,000 00 

18,315 00 

22,1C0 00 

50,000 00 

7,920 00 

23,750 00 

19,450 00 

10,000 00 

10,000 00 

19,910 00 

4,912 50 

9,675 00 

7,560 00 

9,975 00 

10,200 00 

9,400 CO 

86,487 50 

5,700 CO 

21,000 00 

9,150 00 



$536,168 23 $555,523 00 



BOSTON INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1871.] 

Paid-dp Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 137 Milk Street. 



Income. 

Net tire premiums, $636,699.79; marine, $909,305. 17, . . $1,546,004 96 
Interest on mortgage loans, $48,765.25; collaterals, $3,- 

657.17; stocks and bonds, $75,446.56; all other, $10,336.63, 138,205 61 

Rents 1,536 34 

Profit on sale or maturity of ledger assets, .... 4,182 58 

From all other sources, 11,495 83 



Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



. $1,701,425 32 
. 3,681,097 59 

. $5,382,522 91 



Disbursements. 

Net amount paid for fire losses, $583,899.13; marine, 

$404,829.04 

Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc , of officers and employees, 
Rents, 



$988,728 17 

120,000 00 

263,165 77 

141,371 89 

16,521 49 



90 



BOSTON INSURANCE CO. 



Repairs and expenses on real estate, 

Real estate taxes, $273.80; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

Doubtful accounts charged off, 

All other disbursements, 

Total disbursements, 

Balance, 



57,882.36, 



$800 59 

38,156 16 

3,065 77 

18,022 95 

67,044 08 

,656,876 87 

1,725,646 04 



Ledger Assets. 

Real estate, $18,066.91 ; mortgages, $1,104,450 

Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), 

Cash in banks and office, . 

Agents 1 balances, .... 

Bills receivable, .... 

Atlantic Mutual Insurance Co. scrip, 

Total ledger assets, . 



$1,122,516 


91 


55,750 


00 


1,812,624 


24 


438,525 


24 


222,956 


70 


72,042 


95 


1,230 00 


$3,725,646 


04 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $10,402.86; stocks and bonds, $4,247.50 ; col- 
lateral loans, $507.64, 

Market value of stocks and bonds over book value, 

Return premiums and reinsurance, 



Gross assets, 



15,158 00 

229,611 05 

6,225 39 

$3,976,640 48 



Assets not admitted. 



Agents 1 balances over three months due, 
Bills receivable, past due, 

Total unadmitted assets, . 

Total admitted assets, 



$17,411 05 
95 63 



17,506 68 



$3,959,133 80 



Liabilities. 

Unpaid losses, including $1,450 resisted, $248,194.66; less 

reinsurance, $19,189.67, $229,004 99 

Unearned premiums on outstanding risks, $821,009.40, phis 

same on disallowed reinsurance, $400. OS, .... 821,40948 

Commissions and other charges due agents and brokers, . 28,769 06 

Due for reinsurance premiums, . . . . - . . 4,083 26 

Contingent salvage, 5,955 00 



All liabilities, except capital and surplus, . . . $1,089,221 79 
Surplus to policy holders, .... $2,869,912 01 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,869,912 01 



Total liabilities, . 



$3,959,133 80 



BOSTON INSURANCE CO. 



91 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



1110,195,512 00 

. 97,513,925 00 

$207,709,437 00 

. 85,379,651 00 

$122,329,786 00 

23,410,037 00 



Premiums. 

$1,164,099 69 

979,369 56 

$2,143,469 25 

891,474 94 

$1,251,994 31 

242,739 62 



$98,919,749 00 $1,009,254 69 



$6,839,892 00 
142,545,242 00 



$149,385,134 00 
136,146,145 00 



$13,238,989 00 
505,983 00 



$350,617 24 
1,103,500 86 

il,454,118 10 
966,578 71 

$487,539 39 
24,311 44 



.$12,733,006 00 $463,227 95 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (12 per cent.), 

Company's stock owned by directors, .... 



$39,072,859 00 
25,783,163 00 
583,113 00 
419,011 00 
2,720,000 00 
120,000 00 
113,600 00 



Schedule A. 

Securities held as Collateral. 



25 shares Martha's Vineyard Nat'l Bank, 



83 

375 

10 

10 

20 

2,000 

72 



Boston Safe Deposit & Trust Co 
Eastern Steamship Co., 
Bangor & Aroostook R.R. Co., 
Aroostook Construction Co., 
Northern Telegraph Co., 
Bangor Investment Co , 
Northern Maine Seaport R.R. Co 



.Market Value. 

$2,875 00 

24,900 00 

18,750 00 

1,500 00^1 

45,056 80 | 

2,121 20 y 

2,000 00 | 

367 92 J 



Loaned Thereon. 

$2,250 00 

10,000 00 

8,500 00 



35,000 00 



SCHEDULE B. 



$97,570 92 $55,750 00 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Atchison, Topeka & Santa Fe R.R. bonds, . $61,607 43 $85,917 50 

Boston & Lowell R R. bonds, .... 25,500 00 26,250 00 

Chicago, Burlington & Quincy R.R. bonds, . 6,000 00 6,090 00 



92 



BOSTON INSURANCE CO. 



City of Boston bonds, 

City of Newton bonds, 

Eastern Steamship Co. bonds, 

Fitchburg R.R. bonds, 

Illinois Central R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Old Colony R.R. bonds, . 

Oregon Short Line R'y bonds, 

Pennsylvania R R. Co. bonds, 

Southern R'y Co. bonds, . 

West Shore R.R. bonds, . 

Wisconsin Central Co. bonds, 

1,500 shares American Tel. & Telegraph Co. 



10 

10 

2,000 

350 

100 

220 

50 
250 
250 
250 

50 

250 

1,000 

1,000 

72 

20 

100 

1,200 

300 

60 
100 
130 
1C0 
182 
100 
300 
100 
125 

17 
100 
376 
100 
200 
100 
150 
150 
300 

50 
107 



Aroostook Construction Co., 
Bangor & Aroostook R R. Co , 
Bangor Investment Co., 
Boston & Albany R.R,, 
Boston & Lowell R.R., . 
Chic, Mil. & St. Paul R'y Co., 
Conn. & Passumpsic R.R. Co., 
Delaware & Hudson Co., 
Edison Electric Illuminating Co. 
Fitchburg R.R. Co., . 
Manchester & Lawrence R.R. Co. 
Manchester Mills, 
N. Y. Cent. & Hud. R. R.R. Co , 
N. Y., N. H. & Hart. R.R. Co., 
Northern Maine Seaport R.R. Co. 
Northern Telegraph Co , 
Old Colony R.R. Co., . 
Pennsylvania R.R. Co , 
Pullman Palace Car Co , 
Wisconsin Central R'y Co., 
Atlantic Bank, 
Beverly Bank, 
Brookline Bank, . 
Commercial Bank, 
Exchange Bank, . 
First Bank, . 
First B'k, Salem (in liquidation) 
Freeman's Bank, . 
Grand Bank, Marblehead, 
Mercantile Bank, Salem, 
Merchants' Bank, . 
Merchants' Bank, Salem, 
National Shawmut Bank, 
Naumkeag Bank, Salem, 
New England Bank, 
Republic Bank, 
State Bank, . 
Tremont Bank (in liquidation), 
Webster Atlas Bank, . 



00 
00 
91 
00 
50 
50 
00 



00 
33 
26 
80 
00 
00 



Book Value. 

$126,148 33 
25,500 
50,000 
36,697 
23,750 
33,412 
16,462 
10,600 
10,000 00 

2,510 22 

5,175 

11,718 

190.928 

45,056 

1,500 

2,000 
72,624 27 
16,412 50 
24,362 50 

6,213 25 

45,843 75 

57,952 22 

20,808 

12,582 

25,000 

129,090 

192,442 78 

367 92 

2,121 
17,712 
71,771 
35,411 

7,812 
15,593 00 
16,603 00 
10,000 CO 
34,955 00 
11,625 
56,663 

7,793 
11,050 

2,040 
12,285 37 
62,357 13 

6,822 75 
30,000 00 
14,290 00 
20,584 00 
19,391 12 
39,886 08 

3,306 50 
14,282 75 



38 
50 
00 
00 



20 
50 
88 
25 
23 



00 
00 
13 
00 
00 



Market Value. 

$133,250 00 
26,375 
50,000 
36,787 
24,125 
33,087 50 
15,787 50 
13,250 
10,325 

1,990 

5,525 

11,100 

219,750 

45,056 

1,500 

2,000 
88,900 CO 
24,200 00 
37,840 00 

8,100 00 

46,250 

63,750 

35,500 

12,250 

23,250 

142,C00 00 

199,000 00 

367 92 

2,121 
20,500 
82,800 
71,400 

4,042 
13,400 
18,850 
12,625 
24,570 
14,700 
73,500 

5,000 
12,750 

1,870 
10,000 00 
69,607 00 

6,525 00 
50,950 00 
13,675 (0 
20,925 00 
22,837 
43,575 

2,500 
13,936 



00 
00 
50 
00 



62 

00 
00 
00 
00 
00 
80 
00 
00 



00 
00 
00 
00 
00 



20 
00 
00 
00 
50 
00 
00 
00 
00 
CO 
00 
00 
00 
00 



50 
00 
00 
75 



,812,624 24 $2,042,235 29 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



93 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 11, 1S23. Commenced business May, 1823.] 

Paid-up Capital, $400,000. 

GEO. T. CRAM, President. JAMES SIMPSON, Secretary. 

Office, 47 Kilby Street. 






Income. 

Net fire premiums, $322,216 05 

Interest on mortgage loans, $6,822.25; collaterals, $480; 

stocks and bonds, $15,522.66; all other, $2,019.25, . . 24,844 16 

Profit on sale or maturity of ledger assets, .... 15,816 29 

From all other sources, 9,502 00 

Total income, $372,378 50 

Ledger assets, Dec. 31, 1903, 644,882 04 

Total, $1,017,260 54 

Disbursements. 

Net amount paid for fire losses, $239,505 82 

Interest and dividends to stockholders, 32,000 00 

Commissions or brokerage, 83,844 82 

Salaries, fees, etc., of officers and employees, . . . 17,640 84 

Rents, 2,908 41 

Taxes and fees, 6,598 51 

Loss on sale or maturity of ledger assets, .... 2,394 75 

All other disbursements, 6,430 78 

Total disbursements, $391,323 93 

Balance, $625,936 61 

Ledger Assets. 

Mortgages $195,600 00 

Loans secured by collateral (Schedule A), .... 12,00000 

Stocks and bonds (Schedule B), 333,143 89 

Cash in banks and office, 27,428 86 

Agents 1 balances, 57,763 86 

Total ledger assets, $625,936 61 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $1,297.44; stocks and bonds, $3,333.31 ; col- 
lateral loans, $146.67, 4,777 42 

Market value of stocks and bonds over book value, . . 70,511 11 



Gross assets, $701,225 14 



94 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $7,570.45 resisted, $28,135.07 ; less 
reinsurance, $18,265.28, 

Unearned premiums on outstanding risks, $214,057.05; plus 
same on disallowed reinsurance, $3,482.03, . 

Salaries and other miscellaneous expenses, due or accrued, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, ....... 

Surplus over capital and general liabilities, . 



$473,213 67 



$9,869 79 

217,539 08 

602 60 

$228,011 47 

400,000 00 

73,213 67 



Total liabilities, $701,225 14 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

.$70,235,036 00 $881,515 21 
. 63,367,113 00 849,020 94 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$133,602,149 00 $1,730,536 15 
. 58,707,747 00 802,148 27 



. $74,894,402 00 $928,387 88 
. 43,098,317 00 529,071 22 



. $31,796,085 00 $399,316 66 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared fiom organization of company, 
Dividends declared during the year (8 per cent ), . 
Company's stock owned by directors, .... 



$12,149,260 00 

7,380,270 00 

233,384 00 

2,408,720 00 

100,000 00 

32,000 00 

133,000 00 



Schedule A. 

Securities held as Collateral. 



500 shares Long Island R.R., 



Market Value. Loaned Thereon. 

$32,000 00 $12,000 00 



Schedule B. 

Stocks and Bonds owned by the Company. 



City of Boston, Mass., bonds, . 
City of Cambridge, Mass., bonds, 
City of Lowell, Mass., bonds, . • 
City of Providence, R I., bonds, 
City of Taunton, Mass., bonds, 
Boston & Albany 11. R. bonds, . 
Boston & Lowell R R. bonds, . 
Boston & Maine R.R. bonds, 
Boston Terminal Co. bonds, 



Book Value. 

$10,000 00 
5,000 00 
5,000 00 

10,000 00 
5,000 00 

15,000 00 
5,000 00 

10,000 00 

42,700 00 



Market Value. 

$10,400 00 

5,200 

5,350 
10,800 

5,400 
15,300 

5,150 
10,800 



CO 
00 
00 
00 
00 
00 
00 



44,400 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



95 



Chicago, Burlington & Quincy R.R. bonds, 

Cleveland Terminal & Valley R.R. bonds, 

Concord & Montreal R.R. bonds, 

Fitchburg R.R. bonds, .... 

Kansas City, Ft. Scott & Memphis R.R. bonds 

New York Central R.R. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Northern Pacific & Gt. Northern R.R. bonds, 

Old Colony R.R. bonds, . 

Oregon R'y & Navigation Co. bonds, 

West End R.R. bonds, 

American Telephone & Tel. Co. bonds, 

National Shawmut Bank stock, 

New England National Bank stock, 

Second National Bank stock, . 

State National Bank stock, 

Union National Bank stock, 

Boston & Providence R.R. stock, 

Union Pacific R.R. stock, . 



Book Value. 

$10,000 00 

4,975 00 

10,000 00 

14,000 00 

5,000 00 

7,000 00 

17,323 75 

14,775 00 

25,000 00 

10,040 00 

15,000 00 

14,900 00 

5,500 00 

16,000 00 

7,600 00 

13,300 00 

20,000 00 

11,530 14 

3,500 00 



00 
00 
00 
00 
00 



Market Value. 

$9,600 00 

5,000 00 
10,400 
14,280 

6,250 

7,000 
16,490 
14,850 00 
26,250 00 
10,200 00 
15,300 00 
14,550 00 
13,970 00 
22,400 00 

8,200 00 
19,285 00 
35,000 00 
37,875 00 

3,955 00 



$333,143 89 $403,655 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 
Paid-up Capital, $2,000,000. 
A. W. DAMON, President. W. J. MACKAY, Secretary. 



Income. 

Net fire premiums, $3,500,605 23 

Interest on mortgage loans, $27,772.66 ; collaterals, $774.37 ; 

stocks and bonds, $179,488.06; all other, $3,328.68, . . 211,363 77 

Rents, including company's own occupancy, .... 10,468 43 

Profit on sale or maturity of ledger assets, .... 176,773 21 



Total income, 
Ledger assets, Dec. 31, 1903, . 



. $3,899,210 64 
. 5,392,090 37 



Total \ $9,291,301 01 



Disbursements. 

Net amount paid for fire losses, $2,188,590 34 

Interest and dividends to stockholders, 200,000 00 

Commissions or brokerage, 664,278 63 

Salaries, fees, etc., of officers and employees, .... 158,657 92 

Rents, including company's own occupancy, .... 5,800 00 

Real estate taxes, $3,628. 10 ; other taxes and fees,$ 119,876. 70, 123,504 80 

All other disbursements, 322,760 52 

Total disbursements, $3,663,592 21 

Balance, $5,627,708 80 



96 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Ledger Assets. 

Real estate, $432,476.02 ; mortgages, $548,424, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, ..... 
Agents' balances, 



Total ledger assets, 



$980,900 02 

16,100 00 

3,586,885 16 

470,491 74 

573,331 88 

£5,627,708 80 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $13,868.10 ; stocks and bonds, $31,457.50 ; col- 
lateral loans, $302. 50 ; other assets, $509.60, 

Rents accrued on company's property, . . . . . 

Market value of stocks and bonds over book value, 



Gross assets, 



46,137 70 

537 84 

783,989 84 

1,458,374 18 



Assets not admitted. 

Special deposits less $39,762.52 liab. thereon, . 
Depreciation in book value of real estate, 

Total unadmitted assets, .... 



,237 48 
11,476 02 



41,713 50 



Total admitted assets, 



1,416,660 68 



Liabilities. 

Unpaid losses, including $24,997.07 resisted, $287,585.10; 

less reinsurance, $46,274.16, $241,310 94 

Unearned premiums on outstanding risks, $2,630,601.04 ; plus 

same on disallowed reinsurance, $8,669.20, . . . . 2,639,270 24 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



-3,536,079 50 



$2,880,581 18 

2,000,000 00 
1,536,079 50 



Total liabilities,' $6,416,660 68 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$482,144,996 00 $5,459,951 68 
.393,120,185 00 4,737,951 30 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 



$875,265,181 00 $10,197,902 98 
.368,579,818 00 4,359,504 78 



$506,685,363 00 $5,838,398 20 
. 64,623,671 00 727,384 97 



Net amount in force, . 



$442,061,692 00 $5,111,013 23 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



97 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.),. 
Company's stock owned by directors, .... 



$58,102,995 

34,404,521 

2,238,114 

4,754,542 

1,500,000 

200,000 

118,300 



00 
00 
00 
00 
00 
00 
CO 



Schedule A. 

Securities held as Collateral. 



15 shares Agawam Nat'l Bank, Springfield, 
90 " Revere, Mass., Water Co., 
30 " Eastern Oil Co., Olean, X. Y., . 
22 " Boston & Albany R.R., . 



Schedule B. 



Market Value. Loaned Thereon. 

$900 00 1 1,100 00 

18,000 00 9,000 00 

3,000 00 2,000 00 

5,500 00 4,000 00 



Stocks and Bonds owned by the Company. 



500 shares 


1,500 


(< 


500 


IC 


1,150 


II 


400 


(( 


500 


tt 


500 


IC 


900 


tt 


3,000 


11 


500 


11 


4,800 


tt 


240 


(1 


200 


tt 


300 


tt 


200 


tt 


150 


tt 


100 


tt 


62 


CI 


150 


tt 


250 


tt 


230 


tt 


143 


II 


150 


It 


100 


II 


100 


It 


100 


It 


91 


tt 


120 


tt 


250 


tt 


300 


tt 


200 


tt 


350 


It 


200 


tt 


300 


II 



A ten., Top. & Santa Fe R'y, 
Boston & Albany R R., 
Boston & Lowell R.R., 
Chic, Mil. & St. Paul R'y, 
Connecticut River R.R., 
Conn. & Passumpsic Rivers R.R. 
Fitchburg R.R., 
Illinois Central R.R., . 
N. Y., New Haven & Hart. R.R., 
Old Colony R.R , . 
Pennsylvania R.R., 
Rome, Watert'n & Ogdens. R.R., 
Fourth National Bank, N. Y., 
Nat'l Bank of Commerce, N. Y., 
Nat'l Bank of No. America, N. Y. 
Boy Is ton Nat'l Bank, Boston, 
Eliot National Bank, Boston, 
Freeman's National Bank, Boston 
Merchants 1 National B'k, Boston 
Nat'l Bank of Commerce, Boston 
Nat'l B'k of the Republic, Boston 
Nat'l Exchange Bank, Boston, 
Nat'l Shawm ut Bank, Boston, 
New England Nat'l Bank, Boston 
Old Boston Nat'l Bank, Boston, 
Second National Bank, Boston, 
Webster & Atlas N'l B'k, Boston 
Agawam Nat'l Bank, Springfield 
Chapin Nat'l Bank, Springfield, 
Chicopee Nat'l Bank, Springfield 
City National Bank, Springfield, 
First Nat'l Bank, Springfield, 
John Hancock N'l B'k, Springfield 
Second Nat'l Bank, Springfield, 



38 
37 
25 
00 
00 
00 



Book Value. 

|50,125 00 

195,086 

111,425 

151,746 
98,800 
50,000 
51,875 

101,368 78 

386,851 17 
91,081 26 

296,879 14 
22,900 00 
23,880 75 
48,380 13 
28,212 76 
21,238 00 
10,496 75 
6,746 75 
20,083 00 
34,512 
35,817 
19,554 
22,500 
15.220 
12,216 
19,000 
11,760 
25,424 
31,302 
41,694 00 
28,025 00 
49,345 00 
24,094 50 
46,081 00 



13 
50 
12 
00 
50 
25 
00 
00 
00 
50 



127,400 00 $16,100 00 



Market Value. 

$50,000 00 

375,000 

120,000 

211,250 

112,000 

52,500 

70,000 00 
139,500 CO 
594,000 
102,500 
331,200 

31,200 

45,000 

70,500 

44,000 

15,450 

17,800 
6,324 

27,750 

38,000 

34,960 

21,021 

38,250 

13,900 00 

10,200 00 

20,500 

12,285 
7,200 

30,000 

46,500 00 

30,000 00 

38,500 00 

20,000 00 

43,500 00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 



98 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



395 shares Third National Bank, Springfield, 
200 " First National Bank, Chicopee, . 
95 " Franklin Co. N'l B% Greenfield, 
300 " City National Bank, Holyoke, 
100 " Holyoke National Bank, Holyoke 
100 " Monson Nat'l Bank, Monson, 
20 " Adams National B'k, No. Adams 
60 " First Nat'l Bank, Northampton, 
50 " Northampton N'l B'k, N'hampton 
37 " Palmer National Bank, Palmer, 
75 " Ware National Bank, Ware, 
100 " St. Paul N'l B% St. Paul, Minn. 
45 " Holyoke Water Power Co., 

1,000 " Mass. Gas Companies, . 
500 " Pullman's Palace Car Co., 
200 " American Express Co., 
500 " Wells, Fargo & Co., . 
140 " Hampshire Street R'y, • 
700 " Holyoke Street Railway, 

1,000 " Springfield Street Railway, 

1,000 " West End Street Railway, 

1,000 " Worcester R'ys & Investm't Co. 

City of Boston bonds, 

Port of Portland bonds, . 

State of Georgia bonds, . 

Valencia County, New Mex , bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & Northwestern R'y bonds, 

Northern Pacific-Great Northern bonds, 

Oregon Short Line bonds, 

St. Paul, Minn. & Manitoba R'y bonds, 

Union Pacific bonds, 

American Writing Paper Co. bonds, 

Holyoke Street R'y bonds, 

Torrington Co bonds, 



55 

00 
00 



Book Value. 

$66,505 00 

28,138 00 

11,678 00 

33,328 75 

15,800 00 

13,331 00 

2,910 00 

8,686 50 

7,524 00 

5,355 00 

8,289 

10,000 

15,750 

86,000 00 

53,411 60 

42,025 00 

111,937 50 
14,000 CO 

117,385 00 

185.828 00 

135,900 

101,412 
27,075 
50,000 00 
11,425 00 
10,550 00 
9,000 00 
50,687 50 
12,493 82 
13,525 05 
52,750 00 
19,954 40 
14,000 00 
31,506 00 
25,000 00 



00 
50 
00 



00 
00 
00 
00 
00 
00 



Market Value. 

$82,950 00 

24,000 00 

9,975 00 

33,300 00 

15,800 00 

11,000 00 

2,400 00 

7,500 

10,000 

3,330 

7,875 

10,500 

14,625 

80,000 00 

117,500 00 

42,000 00 

120,000 00 

14,000 00 

140,000 00 

200,000 00 

157,250 00 

100,000 00 

25,000 00 

50,000 00 

10,000 00 

10,000 00 

9,000 00 

53,580 00 

25,000 00 

15,000 00 

54,000 

22,000 

16,000 

31,500 



00 
00 
00 
00 



25,000 00 



$3,586,885 16 $4,370,875 00 



AGGREGATE. 



99 



AGGREGATE, 



Capital Stock. 
Whole amount of capital actually paid up in cash, 

Assets. 

Liabilities. 

Income. 
Cash actually received for lire premiums, .... 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, 


$3,700,000 
$11,761,735 

$4,520,847 

$4,881,785 
909,305 
399,252 
294,670 


Total income, 


$6,485,012 


Disbursements. 
Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 

dividends to stockholders, 

for brokerage and commissions on premiums, . . 

for rents, 

for salaries and pay of officers and employees, . 

for State and local taxes, 

for office, agency and incidental expenses, . 


$3,418,768 
404,829 
370,000 
1,103,166 
27,369 
341,817 
184,110 
464,464 


Total disbursements, 


$6,314,523 


Miscellaneous 
Cash dividends declared during the year, .... 

Fire risks outstanding 

Marine risks outstanding, 

Fire losses incurred daring the year, 

Marine losses incurred during the year, .... 


$370,000 

619,652,717 

12,733,006 

3,465,611 

419,011 



100 



JETNA INSURANCE CO. 



FIRE, MARINE AND FIRE-MARINE INSURANCE COM- 
PANIES OF OTHER STATES. 



"^TNA INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business Aug. 17, 1819.] 

Paid-up Capital, $4,000,000. 

WM. B. CLARK, President. WM. H. KING* Secretary. 

Income. 



Net fire premiums, $5,517,601.09 ; marine, $331,186.87, 
Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $636 ; stocks and bonds, $582, 

672.96, 

Profit on sale or maturity of ledger assets, 

From all other sources, 

Total income, . 

Ledger assets, Dec. 31, 1903, 



$5,848,787 96 
4,956 42 

583,308 96 

1,480 56 

282 41 



Total, 



$6,438,816 31 
12,992,761 30 



,431,577 61 



Disbursements. 

Net amount paid for fire losses, f 3,358,449. 07 ; marine, $212, 

520.46 

Deposit premiums returned, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employ 

Repairs and expenses on real estate, 

Taxes and fees, ..... 

Loss on sale or maturity of ledger assets 

Profit and loss, 

All other disbursements, . 



Total disbursements, . 
Balance, 



ees, 



$3,570,969 53 

3,213 67 

672,000 00 

988,291 05 

354,356 04 

167 46 

136,156 93 

95,948 24 

18,378 70 

369,781 21 

. $6,209,262 83 

$13,222,314 78 



Ledger Assets. 

Real estate, $424,751.09; mortgages, $12,600, . . . $437,35109 

Stocks and bonds (Schedule A), 11,193,279 13 

Cash in banks and office, 998,666 30 

Agents' balances, 593,018 26 



Total ledger assets, 



$13,222,314 78 



^TNA INSURANCE CO. 



101 



Non -Ledger Assets. 
Interest accrued : — * 
On mortgages, $192.66 ; other assets, $563.16, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 

Gross assets, 



$755 82 

248 91 

. 2,399,804 73 

$15,623,124 24 



Assets not admitted. 

Agents 1 balances over three months due, . $20,175 65 
Special deposits less $264,525.02 liab. thereon, 46,773 84 

Total unadmitted assets, .... 66,949 49 



Total admitted assets, 



$15,556,174 75 



Liabilities. 

Unpaid losses, including $29,378 . 50 resisted, $654,033 . 78 ; less 

reinsurance, $89,491.15, $564,542 63 

Unearned premiums on outstanding risks, $4,414,430.04 ; plus 

same on disallowed reinsurance, $12,254.50, . . . 4,426,684 54 

Reclaimable on perpetual fire policies, . . . . . 84,725 80 



All liabilities, except capital and surplus, . . . $5,075,952 97 
Surplus to policy holders, . . . .$10,480,22178 

Paid-up capital . . 4,000,000 00 

Surplus over capital and general liabilities, .... 6,480,221 78 



Total liabilities, . 



$15,556,174 75 



Fire risks outstand'g Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$729,654,945 00 $9,176,309 80 
.560,216,656 00 7,464,303 38 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,289,871,601 00 $16,640,613 18 
. 516,134,762 00 6,902,257 57 



$773,736,839 00 $9,738,355 61 
. 102,930,259 00 1,407,535 89 



$670,806,580 00 $8,330,819 72 



Perpetual risks in force (not included above), $3,698,928 00 $89,185 05 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



.$14,419,731 00 $275,931 76 
. 97,479,695 00 455,588 10 



$111,899,426 00 $731,519 86 
. 102,782,265 00 457,094 50 



19,117,161 00 $274,425 36 
1,871,511 00 62,044 22 



$7,245,650 00 $212,381 14 



102 



^ETNA INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (16.8 per cent.), 

Company's stock owned by directors, .... 



$188,114,796 00 
99,899,109 00 
3,323,410 00 
215,614 00 
28,503,365 00 
2,805,000 00 
672,000 00 
225,500 00 



Schedule A. 

Slocks, Bonds, etc., owned by the Company. 



400 shares 


300 


it 


300 


&t 


1,000 


tt 


50 


tt 


10 


tt 


575 


(( 


500 


tt 


500 


(« 


362 


«. 


750 


11 


1,000 


(( 


935 


41 


403 


■( 


300 


(1 


500 


(( 


300 


CI 


300 


It 


500 


tt 


500 


tt 


300 


tt 


181 


tt 


100 


tt 


450 


tt 


1,000 


tt 


1,058 


tt 


500 


It 


2,888 


tt 


780 


tt 


1,500 


tt 


1,000 


tt 


200 


tt 


1,000 


tt 


640 


tt 


200 


tt 


400 


It 


200 


tt 


200 


tt 


400 


tt 


200 


tt 


150 


tt 


350 


tt 


300 


tt 


1,000 


tt 



American Telegraph & Cable Co. 
Gold & Stock Telegraph Co , 
Intern 1 ! Ocean Telegraph Co., 
Northwest Telegraph Co., . 
Connecticut River Co., . 
Underw'rs' Sal. Co. of N. Y., 
N. Y. Dock Co , . 
Albany & Susquehanna R.R. Co. 
Bald Eagle Valley R.R. Co., 
Baltimore & Ohio R.R. Co., . 
Clev., Cin., Ch. & St. L R.R. Co. 
Cleve. & Pitts. R R. Co., 
Chic, Mil. & St. Paul R'y Co., 
Chic. & Northwestern R.R. Co., 
Connecticut River R.R. Co., . 
Conn. & Pass Rivers R.R. Co , 
Davton & Michigan R.R. Co., 
Del. & Bound Brook R.R. Co., 
Fort Wayne & Jackson R.R. Co. 
Georgia R.R. & Banking Co., 
Illinois Central R.R. Co., 
Illinois Southern R'y Co., 
Joliet & Chicago R.R. Co., . 
Kal., Alle. & Gr. Rap. R.R. Co., 
Morris & Essex R.R. Co , . 
N. Y. Cent. & Hud. R. R.R. Co , 
N. Y. & Harlem R.R. Co., . 
N. Y., N. H. & Hartford R.R. Co. 
Oswego & Syracuse R.R. Co., 
Pennsylvania R.R. Co., 
Pitts., Ft. Wayne & Ch. R.R. Co 
Peoria & Bureau Val. R R. Co., 
Rensselaer & Saratoga R.R. Co., 
St. Jos., S. B & South. R.R. Co , 
Utica, Chen. & Sus. V. R.R. Co., 
Valley (N. Y.) R R. Co., . 
iEtna Nat'l B'k, Hartford, Conn. 
Amer. Nat'l B'k, Hartford, Conn. 
Charter Oak N'l B'k, Hart., Conn. 
City Bank, Hartford, Conn., . 
Conn. R. B'k Co., Hart., Conn., 
Far. & Mec. N'l B'k, Hart., Conn. 
First N'l B'k, Hartford, Conn., 
Hartford N'l B'k, Hart., Conn., 



Book Value. 

$36,750 00 

36,000 00 

33,000 00 

50,992 93 
2,500 00 
1,000 00 

43,704 67 

46,662 50 

49,560 00 

30,529 44 

73,881 25 

46,032 75 
144,500 00 

62,759 

28,016 

50,312 

23,636 

54,000 

50,175 
120,710 

38,456 

22,500 
9,462 75 

55,750 00 

43,968 75 
114,550 75 

36,681 25 
293,041 

81,383 

91,328 
112,201 

35,155 
173,575 

63,940 

31,400 

44,550 

21,408 

10,500 

51,832 

27,087 
9,300 00 

63,192 50 

34,906 50 
140,359 00 



58 
66 
50 
00 
00 
00 
00 
25 
00 



26 
00 
14 
75 
93 
00 
00 
00 
00 
50 
00 
25 
00 



Market Value. 

$37,600 00 
36,900 00 
36,900 00 
62,500 00 
5,000 00 
1,000 00 
32,525 00 

120,000 00 
51,250 00 
35,913 00 
86,250 00 
92,500 00 

171,190 00 
92,574 
84,000 
52,500 
31,800 
61,500 
75,000 

130,000 00 
47,400 00 



00 
00 
00 
00 
00 
00 



18,500 00 

67,500 00 

95,000 00 

151,294 00 

101,250 00 

571,824 00 

91,650 00 

104,250 00 

185,000 00 

42,000 00 

210,COO 00 

34,000 00 

32,000 00 

53,200 00 

40,000 00 

14,000 00 

50,000 00 

18,000 00 

8,250 00 

42,000 00 

43,500 00 

138,000 00 



JETNA INSURANCE CO. 



103 



550 shares Nat'l Exch. Bank, Hart. Conn , . 

1,000 " Phoenix N'l B'k, Hartford, Conn., 
550 " State Bank, Hartford, Conn , 
400 " Am. Ex. N'l B'k N. Y. City, . 
400 " B'k of the Man Co., N. Y. City, 
300 " B'k of N. Y. N'lB'kAs,N.Y. C'y 
75 " First N'l Bank, N. Y. City, . 
300 " Hanover Nat'l Bank, N. Y. City, 
300 " Imp. & Tr. N'l B'k, N. Y. City, 
112 " Mar & Fult. N'l B'k, N. Y. City, 
700 " Merch. Nat'l Bank, N. Y. City, 
120 " Mer Ex. Nat'l Bank, N. Y. City, 

1,380 " Mech. Nat'l Bank, N. Y. City, 
200 " Nassau Bank, N. Y. City, . 
625 " N'l B'k of Commerce, N. Y. City 
400 " N'l B'k of N. Amer., N. Y. City, 
500 " Nat'l City Bank, N. Y. City, 
200 " People's Bank, N. Y. City, . 
100 " Third Nat'l Bank, N. Y. City (in 

liquidation), 
250 " Far. & Me. N'l B'k, Phila , Pa., 
100 " First Nat'l Bank, Albany, N. Y., 
100 " N. Britain N'l B'k, N. Br., Conn. 
100 " Central Trust Co., N. Y. City, 
200 " Holland Trust Co., N. Y. City, 
100 " Internat'l B'k Corp., N. Y City, 
100 " Metrop. Trust Co., N. Y. City, 
150 " N. Y. L In & Tr. Co., N. Y. C'y 
100 " U. S. Trust Co., N. Y. City, . 
100 " Union Trust Co., N. Y. City, 

United States bonds, . . . . 

Arizona Territory bonds, .... 

New Mexico Territory bonds, . 

Alabama State bonds, . . 

Georgia State bonds, .... 

Mississippi State bonds, .... 

New Hampshire State bonds, . 

Tennessee State bonds 

Mecklenburg County, N. C, bonds, . 

Spokane County, Washington, bonds, 

Talbot County, Georgia, court house bonds, 

Norwich, Conn., town bonds, . 

Westmount, Quebec, town debenture bonds, 

Americus, Ga., city pub. b'l'g, sch. and s'er b'ds 

Albina, Oregon City, boulevard bonds, . 

Bainbridge, Ga., city academy bonds, 

Cleveland, Ohio, city bonds, 

Chicago, 111., sanitary district bonds, 

City of Sioux Falls, So. Dak , funding bonds, 

Dallas, Tex., city water and sewer bonds, 

Dalles City, Oregon, water bonds, . 

Fostoria, O., city water bonds, . 

Greensboro, N. C, city school bonds, 

Greenville, Ala., city school bonds, . 

Hamilton, Ont., city debenture bonds, 

Jersey City, N. J , city hall bonds, . 

Key West, Fla., city street improvement bonds 

Lexington, Ky., city bonds, 

Montreal, Canada, bonds, .... 

Ogden City, Utah, bonds, .... 



Book Value. 

$34,306 25 
146,711 50 
63,779 00 
43,983 00 
26,708 00 
36,766 55 
20,571 00 
50,037 00 
30,000 00 
14,143 00 
39,918 52 
8,792 50 
38,636 
10,791 
84,379 
61,213 
66,889 
5,544 



00 
00 
77 
00 
00 
00 



00 
00 
85 
00 
CO 
00 



12,400 00 
28,488 00 
17,996 67 
10,000 00 
11,000 00 
30,200 00 
20,0U0 00 
11,000 00 
18,525 00 
28,510 
10,000 

113,718 
15,450 
10,550 
9,500 
26,908 60 
12,320 00 
14,499 17 
29,004 20 
75,815 00 
51,250 00 
8,550 00 

104,500 00 

50,375 CO 

18,795 00 

27,750 00 

8,000 00 

103,407 50 
53,348 75 
25,000 00 
51,437 50 
13,562 50 
22,000 00 
24,480 00 
20,000 00 
48,185 00 
26,304 79 
10,200 00 
52,846 83 
66,584 43 
18,270 00 



Market Value. 

$35,750 00 

120,000 00 
77,000 00 

112,000 00 
65,000 00 
99,000 00 
56,250 00 

163,500 00 

183,000 00 
29,680 00 
64,750 00 
10,200 00 

106,950 
19,500 

150,000 
90,000 

155,000 
14,500 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



3,000 

32,750 

10,000 

16,000 

215,000 

10,200 

15,500 

63,000 00 

165,000 00 

150,000 00 

142,500 00 

131,000 00 

17,250 00 

11,300 00 

10,300 00 

26,000 00 

11,550 00 

13,500 00 

22,310 00 

81,360 00 

52,500 00 

8,560 00 

100,000 00 

50,500 00 

18,400 00 

31,500 00 

8,960 00 

104,250 00 

54,000 00 

25,500 00 

54,500 00 

12,750 00 

22,880 00 

28,200 00 

20,600 00 

48,300 00 

28,750 00 

10,200 00 

52,500 00 

65,130 00 

19,080 00 



104 



jETNA INSURANCE CO. 



Port of Portland, Ore., bonds, . 

Rah way, N. J., city bonds, 

Richmond, Va., city bonds, 

Roanoke, Va., city bonds, 

Seattle, Wash., city, water and sewer bonds, 

Tacoma, Wash , city, water and light bonds, 

Topeka, Kan., city funding bonds, . 

Urbana, Ohio, city bonds, 

Winston, N C, city bonds, 

Winnipeg, Man., city local impr'm't deben. b's 

New York Dock Co. bonds, 

Loan & Guarantee Co. of Conn, bonds, . 

People's G. Lt. & Coke Co., Chic, refund, b'ds 

School District, No. 2, Enfield, Conn., bonds, 

Masonic Temple Corp., Wilm., N. C, bonds, 

Y. M. C. A., Wilmington, N. C , bonds, 

Atlantic Mutual Insurance Co. scrip, 

Albany & Susquehanna R.R. bonds, 

Alabama Central R.R bonds, . 

Atchison, Topeka & Santa Fe R'y bonds 

Atlantic & Danville R'y bonds, 

Baltimore & Ohio R.R. bonds, . 

Buffalo, New York & Erie R.R. bonds, 

Central Branch R'y bonds, 

Central Pacific R'y bonds, 

Central R.R. of New Jersey bonds, . 

Chesapeake & Ohio R.R. bonds, 

Cleve., Columbus, Cin. & Indianap. R.R. bonds 

Cleveland, Lorain & Wheeling R'y bonds, 

Cleve., Cin., Chicago & St. Louis R'y bonds, 

Chicago, Burl. & Quincy R.R, bonds, 

Chicago & Eastern Illinois R R. bonds, . 

Chicago & Erie R R. bonds, 

Chicago, Hammond & Western R.R. bonds, 

Chicago, Mil. & St. Paul R R bonds, 

Chicago & Northwestern R.R bonds, 

Chicago North Shore Street R'y bonds, . 

Chicago, Rock Island & Pacific R R. bonds, 

Chicago & Western Indiana R.R. bonds, . 

Cicero & Proviso Street R'y, Chicago, bonds, 

Cincinnati, Dayton & Ironton R.R. bonds, 

Cincinnati, Hamilton & Dayton R.R bonds, 

Cincinnati, Indianap & Western R'y bonds, 

Columbus & Toledo R.R. bonds, 

Dayton & Western R.R. bonds, 

Delaware & Hudson Canal bonds, . 

Detroit Railway bonds, .... 

Flint & Pere Marquette R.R. bonds, 

Galveston, Harrisburg & San Antonio R'y b'ds 

Georgia R.R. & Banking Co. bonds, 

Hartford Street R'y bonds, 

Hocking Valley R'y bonds, 

Illinois Central R.R. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Iowa Central R'y bonds, .... 

Jefferson ville, Madison & Ind. R.R. S. F. b'ds 

Keokuk & Des Moines R.R. bonds, . 

Lake Shore & Mich. Southern R R bonds, 

Louisville & Jeffersonville Bridge Co. bonds, 

Louisville, New Albany & Chic. R R. bonds, 



00 
50 
00 
00 
00 
50 
30 
50 



Book Value. 

$54,152 78 
44,796 80 
41,326 75 
31,500 00 
50,000 00 
25,250 00 
25,000 00 
26,500 00 
25,000 00 
36,235 40 
55,000 00 
650 00 
52,312 50 
4,000 00 
30,500 00 
20,000 00 
27,200 00 
121,062 50 
28,500 00 
48,000 00 
47,000 
73,437 
90,120 
31,450 
25,840 
66,812 
39,289 
126,551 
67,690 00 
147,750 00 
158,022 50 
53,750 00 
121,270 00 
62,500 00 
154,606 67 
218,775 83 
26,500 00 
179,350 00 
233,850 00 
25,000 00 
35,462 50 
146,721 67 
49,500 00 
110,585 64 
29,397 00 
31,970 00 
26,562 50 
79,567 50 
54,000 00 
28,734 75 
51,500 00 
51,716 25 
101,000 00 
60,473 75 
73,250 00 
8,6C0 00 
45,942 50 
291,725 00 
49,250 00 
27,468 75 



Market Value. 

$57,500 00 
21,340 00 
37,580 00 
31,200 00 
53,000 00 
26,000 00 
26,750 00 
25,000 00 
26,500 00 
35,488 86 
52,250 00 
650 00 
53,000 00 
4,000 00 
31,500 00 
20,000 00 
28,560 00 

106,000 00 
29,750 00 
49,000 00 
48,500 00 
77,625 00 
87,630 00 
35,520 00 
26,380 00 
68,000 00 
51,500 00 

123,000 00 
66,700 00 

151,500 00 

152,720 00 
53,250 00 

122,000 00 
64,000 00 

158,450 00 

211,160 00 
25,000 00 

181,000 00 

226,560 00 
25,000 00 
40,600 00 

147,130 00 
50,000 00 
99,750 00 
33,000 00 
34,500 00 
26,500 00 
86,000 00 
57,000 00 
27,500 00 
53,500 00 
55,500 00 

100,000 00 

57,000 00 

71,750 00 

7,420 00 

54,500 00 

290,000 00 
50,000 00 
28,000 00 



AGRICULTURAL INSURANCE CO. 



105 



Lehigh Valley Terminal R R. bonds, 

Lehigh Valley R'y bonds, 

Mahoning Coal R.R. bonds, 

Midland R.R of New Jersey bonds, 

Minneapolis & St. Louis R'y bonds, 

Minneapolis Union R R. bonds, 

Morris & Essex R.R. bonds, 

N. Y., Lake Erie & Western R.R, bonds, 

New England R.R. bonds, 

New York & New England R.R. bonds, . 

N. Y., Susquehanna & Western R.R. bonds, 

Northwestern Union R.R. bonds, 

Norfolk & Western R.R bonds, 

North Chicago Electric R'y bonds, . 

North Chicago Street R.R. bonds, . 

Northern Pacific-Great Northern joint bonds 

Oswego R.R. Bridge Co. bonds, 

Ohio & West Virginia R.R. bonds, . 

Pennsylvania Steel Equipment Trust, 

Pittsburgh, Fort Wayne & Chicago R.R. bonds 

Port Reading R.R. bonds, 

St. Paul, Minneapolis & Manitoba R.R, bonds 

St. Paul & Northern Pacific R R. bonds, . 

St. Paul & Sioux City R.R. bonds, . 

Southern Pacific R.R. of California bonds, 

Southern R'y bonds, 

Terre Haute & Peoria R.R. bonds, . 
Terminal R.R. Association of St. Louis bonds 
Toledo & Ohio Central R.R. bonds, . 
Toronto, Hamilton & Buffalo R'y bonds, . 
Vermont Valley R.R. bonds, . 

Wabash R.R. bonds, 

West Chicago Street R.R. bonds, 

West Shore R.R. bonds, .... 

Will mar & Sioux Falls R R. bonds, . 



Book Value. 

5126,025 00 
133,326 25 

28,584 74 

31,562 50 
164,432 50 
115,642 
164,937 

64,143 

62,437 

62,794 

72,985 

33,311 

59,251 

27,375 

25,875 

67,086 

52,679 

45,515 

24,037 
226,887 

53,000 00 

64,750 00 
122,864 17 

28,790 00 

26,093 75 

72,380 00 

25,805 54 

58,875 00 

59,967 

39,100 

54,460 
112,097 

50,875 

43,875 

56,318 



08 
22 
75 
50 
65 
00 
72 
83 
00 
00 
61 
17 
00 
50 
37 



95 
00 
00 
50 
00 
00 
75 



Market Value. 

$130,900 00 

138,750 00 

36,300 00 

30,800 00 

156,500 00 

126,000 00 

175,000 00 

66,500 00 

64,000 00 

50,000 00 

75,650 00 

33,750 00 

66,500 00 

25,000 00 

23,750 00 

110,000 00 

56,000 00 

45,200 00 

24,000 00 

240,280 00 

54,500 00 

68,000 00 

125,000 00 

31,000 00 

27,000 00 

79,750 00 

23,750 00 

59,500 00 

62,050 00 

38,400 00 

58,860 00 

118,000 00 

45,000 00 

55,000 00 

60,000 00 



$11,193,279 13 $13,593,083 86 



"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y. 

[Incorporated 1853.* Commenced business February, 1853.] 

Paid-up Capital, $500,000. 

W. II. STEVENS, President. J. Q. ADAMS, Secretary. 

Income. 

Net fire premiums, $1,289,697 71 

Interest on mortgage loans, $35,616.48; collaterals, $24- 

405.85; stocks and bonds, $49,686.89 ; all other, $914.21,. 110,623 43 

Rents 2,432 01 

Profit on sale or maturity of ledger assets, .... 209 2L 



Total income, 
Ledger assets, Dec. 31, 1903, 



. $1,402,962 36 
. 2,627,481 83 



Total, $4,030,144 19 



* Organized as mutual, 1853; incorporated as stock, 1S63. 



106 



AGRICULTURAL INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $822,995 70 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 279,956 67 

Salaries, fees, etc., of officers and employees, .... 89,434 23 

Repairs and expenses on real estate, 988 53 

Real estate taxes, $4,262.03 ; other taxes and fees, $47,473.60, 51,735 63 

All other disbursements, 94,323 87 

Total disbursements, $1,389,434 53 

Balance, -. $2,641,009 66 



Ledger Assets. 

Real estate, $ 325,112. 62; mortgages, $562,316.12, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 
Cash in banks and office, ..... 
Agents 1 balances, 

Total ledger assets, 



$887,428 74 

401,796 47 

956,582 86 

199,821 71 

195,379 88 

$2,641,009 66 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $10,284.42; stocks and bonds, $9,897.08; 

collateral loans, $5,954.93; other assets, $4,225.63, . . 30,362 06 
Market value of stocks and bonds over book value, . . 72,789 39 
Reinsurance due. on losses paid, 657 73 

. Gross assets $2,744,818 84 



Assets not admitted. 

Agents 1 balances over three months due, . $4,917 18 

Special deposits less $59,816.84 liab. thereon, 40,603 16 

Depreciation in book value of ledger assets, . 24,423 74 

Mortgage loan, second lien 23,551 69 

Total unadmitted assets, .... 



93,495 77 



Total admitted assets, 



. $2,651,323 07 



Liabilities. 

Unpaid losses, including $18,613 resisted, $125,363.95; less 

reinsurance, $29,945.96, $95,417 99 

Unearned premiums on outstanding risks, $1,218,566.28, plus 

same on disallowed reinsurance, $25,137.62, . . . 1,243,703 90 

Due for reinsurance premiums, 4,046 51 

All liabilities, except capital and surplus, . . . $1,343,168 40 
Surplus to policy holders, .... $1,308,154 67 

Paid-up capital, 5CO,000 00 

Surplus over capital and general liabilities, .... 808,154 67 



Total liabilities, $2,651,323 07 



AGRICULTURAL INSURANCE CO. 



107 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$262,604,400 00 $2,639,776 00 
. 174,977,500 00 1,896,040 00 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$437,581,900 00 $4,535,816 00 
. 160,627,900 00 1,780,230 00 



$276,954,000 00 $2,755,586 CO 
. 34,068,500 CO 404,303 00 



$242,885,500 00 $2,351,283 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent), 
Company's stock owned by directors, .... 



$29,480,473 00 



14,746,1! 

836,750 

1,530,000 

400,000 

50,000 



00 
00 
00 
00 
00 



73,600 00 



Schedule A. 
Securities held as Collateral. 



Real estate mortgages, .... 

Deeds of real estate, 

International Paper Co. stock, . 
International Paper Co. bonds, 
Watertown National Bank stock, 
Union Carriage & Gear Co. stock, . 

Brock way Co. stock, 

Union Nat'l Bank, Schenectady, N. Y., stock, 
Bagley & Sewall Co. stock, 
Harmon Machine Co. stock, 
Watertown National Bank stock, 
International Paper Co. stock, . 

Deed of real estate, 

J. H. Murphy Manufacturing Co. stock, . 

Life Policy, N. Y. Life Insurance Co., 

Brownville Paper Co. stock, 

Knowlton Brothers stock, 

St. Regis Paper Co. stock, 

Adams & Duford Co. stock, 

First NatU Bank of the Thousand Islands st'ck 

International Paper Co. stock, . 

Real estate mortgage, .... 

Carthage Tissue Paper Mills stock, . 

Carthage Electric Light & Power Co. stock, 

St. Lawrence International Elec. R.R. bonds, 

West End Paper Co. stock, 

Dexter Sulphite Pulp & Paper Co. stock, 

Carthage Sulphite Pulp Co. stock, . 

Malone Paper Co. stock, .... 

Champion Paper Co. stock, 

Carthage Machine Co. stock, . 



Market Value. 

$295,428 00 

7,500 00 

4,399 00" 

1,090 00 

3,375 00 

300 00 

10,000 00 

10,000 00 

23,700 00 

5,400 

2,250 

1,520 

6,000 

6,000 

2,000 

12,000 

20,000 00 

10,000 00 

3,750 00 

450 CO 

1,900 00 

325 00 

22,500 00 

13,000 00 

30,000 00 

23,800 00 

14,100 00 

29,500 00 

7,000 00 

6,600 00 

2,500 00 



Loaned Thereon. 

$87,846 20 

141,136 98 

4,658 20 

4,640 00 

210 00 

8,000 00 

5,000 00 

10,000 00 

6,750 00 

1,200 00 

6,000 00 

120 00 

10,500 00 

.20,0C0 00 

2,500 00 

1,735 09 

10,000 00 

6,000 00 

20, 000 00 



} 17,500 00 

i 

J 



108 



AGRICULTURAL INSURANCE CO. 



Market Value. Loaned Thereon. 



Macmillan Co. stock, 
Champion Paper Co. bonds, 
National Bank & Loan Co. stock, 
J. & J. Rogers Co. stOGk, . 
Jefferson County National Bank stock, 
Malone Paper Co. bonds, . 



$9,750 00 

15,000 00 

7,500 00 

6,250 00 

2,000 00 

15,000 00 



$6,500 00 

10,000 00 

5,000 00 

5,000 00 

1,500 00 

10,000 00 



$631,887 00 $401,796 47 



Schedule B. 



Stocks and Bonds owned by the Company. 



Watertown N'l B'k, Watertown, N. Y., stock, 
Nat'l Union Bank, Watertown, N. Y., stock, 
Jefferson Co. N'l B'k, Watertown, N. Y., stock 
N'l B'k & Loan Co , Watertown, N. Y., stock, 
Carthage Nat'l Bank, Carthage, N. Y , stock, 
First N'l B'k of Thou. Is., Alex. B., N. Y., stock 
Cleveland Sav. & Loan Co , Cleve., O., stock, 
Savings, Build'g & Loan Co , Cleve., O., stock 
Morris & Essex R.R. stock, 
N. Y. Central & Hudson River R R. stock, 
Chicago, Mil. & St. Paul R'y stock, . 
Illinois Central R.R. stock, 
Union Pacific Railroad stock, . 
Atchison, Topeka & Santa Fe R'y stock, 
Pennsylvania R.R. stock, . 
Western Union Telegraph stock, 
International Paper Co. stock, . 
Hungerford-Holbrook Co. stock, 
Excelsior Carriage Co. stock, . 
W T atertown Carriage Co. stock, . . 
American Car & Foundry Co. stock, 
American Locomotive Co. stock, 
State of Georgia bonds, . 
City of Portland, Ore , bonds, . 
City of Richmond, Va., bonds, . 
Northern Pacific R'y bonds, 
Lehigh Valley R'y, N. Y., bonds, 
Lehigh & Hudson River R.R. bonds, 
Union Pacific R.R. bonds,. 
Galveston, Harrisb. & San Antonio R'y bonds 
N. Y. Central & Hudson River R R. bonds, 

Erie R.R. bonds, 

Reading Co. bonds, 

Missouri Pacific R'y bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Northern Pacific-Gt. Northern R'y joint bonds 

Connecticut R'y & Lighting Co. bonds, . 

Metropolitan Street R'y bonds, 

Jefferson Power Co. bonds, 

Consol. Water Co. of Utica, N. Y., bonds, 

St. Regis Paper Co. bonds, 

West End Paper Co bonds, 

Little Falls & Dolgeville R.R. bonds, 

National Herkimer County Bank stock, . 

Underwriters' Salvage Co., 



50 
00 
00 
00 

00 



Book Value. 

$14,925 00 
41,038 

3,935 
14,500 

4,000 

1,000 
10,000 00 

1,000 00 
19,650 00 
28,985 45 
35,233 75 
18,932 70 
17,025 33 
30,575 00 
65,025 00 
49,507 31 
51,599 98 
26,500 00 

2,500 00 

3,500 00 
27,787 50 
18,825 00 
11,724 60 
62,000 00 
27,290 00 
10,000 00 
21,850 00 

5,000 00 

9,707 03 
21,650 00 

9,562 50 
19,125 00 
19,325 00 
26,937 50 
10,187 51 

9,412 64 
20,100 
19,665 
40,000 
10,250 
50,000 00 
50,000 00 

3,500 00 

12,750 00 

500 00 



00 
56 
00 
00 



00 
00 
00 
00 
00 
00 
00 



Market Value 

|23,625 00 
47,016 00 

4,400 
19,500 

4,375 

1,500 
10,000 

1,000 
18,650 
37,290 00 
68,650 00 
22,500 00 
19,500 00 
30,337 50 
69,062 50 
54,258 75 
45,600 00 
26,500 00 

2,500 00 

3,500 00 
28,125 00 
20,600 00 
11,800 00 
60,000 00 
28,620 00 

9,900 00 
22,200 00 

5,100 00 
10,750 00 
22,500 00 

9,100 00 
19,050 00 
19,800 00 
27,125 
10,350 
10,087 
20,150 
18,600 00 
40,000 00 

9,000 00 
50,000 00 
50,000 00 

3,500 00 

12,750 00 

500 00 



00 
00 
50 
00 



$956,582 86 $1,02^,372 25 



ALBANY INSURANCE CO. 109 



"ALBANY INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized 

Jnnel, 1881.] 

Paid-up Capital, $250,000. 

JOHN E. MCELROY, President. CHARLE H. HAHN, Secretary. 

Income. 

Net fire premiums, $210,068 03 

Interest on mortgage loans, f 11,002. 35; bonds, $12,017.88 ; 

all other, $4,084.40 27,104 63 

Rents, including company's own occupancy, .... 5,935 94 

Profit on sale or maturity of ledger assets, . . . . 175 00 

Total income, $243,283 60 

Ledger assets, Dec. 31, 1903, 569,539 96 



Total, $812,823 56 



Disbursements. 

Net amount paid for fire losses, $110,832 88 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, ....... 47,393 65 

Salaries, fees, etc., of officers and employees, . . . . 11,143 50 

Rents, including company's own occupancy, .... 1.20000 

Repairs and expenses on real estate, ..... 3,369 22 

Real estate taxes, $829.37 ; other taxes and fees, $10,418.22, 11,217 59 

All other disbursements, 4,263 22 



Total disbursements, $209,450 06 



Balance, $603,373 50 



Ledger Assets. 

Real estate, 176,790 ; mortgages, $206,530, .... $283,320 00 

Bonds (Schedule A) 280,264 25 

Cash in banks and office, 21,038 05 

Agents' balances, 18,751 20 



Total ledger assets $603,373 50 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $914.21 ; other assets, $1,963, . . . . 2,877 21 

Rents due on company's property, 842 28 

Market value of bonds over book value, 20,280 75 



Gross assets, $627,373 74 



110 



ALBANY INSURANCE CO. 



Liabilities. 

Unpaid losses, including $ 1,150 resisted, f 11,960; less rein- 
surance, f 60 $11,900 00 

Unearned premiums on outstanding risks, .... 149,355 72 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 
Paid-up capital, . . . . . • 

Surplus over capital and general liabilities, . 



,118 02 



$161,255 72 

250,000 00 
216,118 02 



Total liabilities, $627,373 .74 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

.$27,219,919 00 $285,755 22 
. 26,000,214 00 265,992 28 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$53,220,133 00 $551,747 50 
. 21,276,354 00 236,035 66 



U,943,779 00 
2,893,347 00 



115,711 84 
27,367 26 



$29,050,432 00 $288,344 58 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



(2,513,127 00 

1,345,638 00 

106,122 00 

485,000 00 

50,000 00 

20,000 00 

24,700 00 



Schedule A. 
Bonds owned by the Company. 



Watervliet Turnpike R.R. bonds, 

Wabash R.R. bonds, .... 

Union R.R , N. Y , bonds, . 

St. Louis & San Francisco R.R. bonds, 

People's Gas Light Co., Chicago, bonds, 

Western N. Y. & Pennsylvania R.R. bonds, 

Atlanta, Knoxville & Northern R R. bonds, 

Texas Central R.R bonds, 

United Traction Co., Albany, N. Y., bonds, 

Detroit & Mackinac R.R. bonds, 

Colorado Fuel & Iron Co. bonds, 

Equitable Gas & Elec. Co., Utica, N. Y., bonds 

Virginia Iron, Coal & Coke Co. bonds, 

Virginia & South Western R.R. bonds, 

Schenectady R.R. bonds, . 



Book Value. 

$7,000 00 

34,885 00 

10,000 00 

24,000 00 

15,922 50 

25,000 00 

15,000 00 

20,000 00 

11,000 00 

9,658 00 

5,000 00 

8,000 00 

4,012 50 

20,232 00 

25,425 00 



Market Value. 

$8,190 00 

40,600 00 

11,100 00 

21,600 00 

18,750 00 

29,875 00 

16,800 00 

21,600 00 

11,165 00 

9,550 00 

5,150 00 

8,480 00 

4,250 00 

21,600 00 

26,310 00 



AMERICAN INSURANCE CO. 



Ill 



Book Value. Market Value. 

Consolidated bonds $5,175 00 $5,175 00 

United Elec. Lt. & Pow. Co., Bait, Md., bonds, 9,500 00 9,500 00 

Union Elec. Lt. & Power Co., St. L., Mo., b'ds, 7,000 00 7,000 00 

Lake Shore & Mich. Southern R.R. bonds, . 9,900 00 10,100 00 

N. Y. Central and Hudson River R.R. bonds, . 10,000 00 10,000 00 

Northern Pacific R.R. bonds, .... 3,554 25 3,750 00 

$280,264 25 $300,545 00 



"AMERICAN INSURANCE COMPANY," NEWARK, N J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-up Capital, $600,000. 

E. O. DOREMUS, President. JAMES H. WORDEN, Secretary. 

Income. 

Net fire premiums $2,028,856 65 

Interest on mortgage loans, $75,838.18; stocks and bonds, 

f94,803.08; all other, $1,506.39, 172,147 65 

Rents, 12,690 50 



Total income, $2,213,694 80 

Ledger assets, Dec. 31, 1903, 5,006,462 71 



Total, $7,220,157 51 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, 

Interest and dividends to policy holders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Repairs and expenses on real estate, 

Real estate taxes, $6,089.02 ; other taxes and fees, $58,629.39, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 

Total disbursements, 



$1,119,447 42 

95,929 96 

160 00 

463,267 38 

115,317 37 

3,565 95 

64,718 41 

3,785 23 

133,535 04 

$1,999,726 76 



Balance, $5,220,430 75 



Real estate, $505,000 ; mortgages, 

Stocks and bonds (Schedule A), 

Cash in banks and office, . 

Agents 1 balances, 

Bills receivable, 

All other ledger assets, 



Ledger Assets. 

,491,213.19, 



51,996,213 19 

2,653,091 11 

130,518 52 

198,642 40 

241,123 58 

841 95 



Total ledger assets, 



$5,220,430 75 



112 AMERICAN INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $26,322.44; stocks and bonds, f 34,894. 40, . 161,216 84 
Rents due on company's property, 124 84 



Gross assets,* $5,281,772 43 

Assets not admitted. 

Agents' balances over three months due, . . $1,070 34 

Bills receivable, past due, .... 27,235 64 

Special deposits less $5,737. 85 liab. thereon, . 46,387 15 

Depreciation in book value of stocks and bonds, 20,861 11 

Total unadmitted assets, .... 95,554 24 



Total admitted assets, $5,186,218 19 

Liabilities. 

Unpaid losses, including $9,806.17 resisted, $211,132.17 ; less 

reinsurance, $25,574.17 $185,558 00 

Unearned premiums on outstanding risks, $2,372,140.84 ; plus 

same on disallowed reinsurance, $7,773.28, . . . . 2,379,914 12 

Dividends due stockholders, $471.09 ; policy holders, $229, . 7C0 09 

Commissions and other charges due agents and brokers, . 37,305 05 



All liabilities, except capital and surplus, . . . $2,603,477 26 
Surplus to policy holders, .... $2,582,740 93 

Paid-up capital 600,000 00 

Surplus over capital and general liabilities, .... 1,982,740 93 



Total liabilities, $5,186,218 19 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . $372,875,213 00 $4,060,828 90 
Fire risks written during 1904, . . . .234,516,919 00 2,571,767 21 



Total, $607,392,132 00 $6,632,596 11 

Risks expired and terminated, . . . .185,703,850 00 2,068,123 52 



In force at end of year, .... $421,688,282 00 $4,564,472 59 
Amount reinsured 25,077,993 CO 276,122 25 



Net amount in force $396,610,289 00 $4,288,350 34 

Miscellaneous. 

Premiums received from organization of company, . $19,528,952 00 

Losses paid from organization of company, . . - . . 8,794,300 00 

Fire losses incurred during the year 1,147,329 00 

Cash dividends declared from organization of company, . 2,661,650 00 

Stock dividends declared from organization of company, . 600,000 00 

Dividends declared during the year (16 per cent.), . • 96,000 00 

Company's stock owned by directors, 75,025 00 

* The company holds also instalment premium notes to the amount of $64,294.45, which 
do not enter into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily he counterbalanced by the 
addition of an amount exactly equal to the reinsurance liability, the entire sum consisting 
of "unearned premiums." 



AMERICAN CENTRAL INSURANCE CO. 



113 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, .... 
Consolidated Traction Co. (N. J.) bonds, 
Easton & Arnboy R.R. (N. J.) bonds, 
Lehigh Valley R.R. bonds, 
Long Dock (Jersey City) bonds, 
Morris & Essex R.R. bonds, 
Newark (N. J.) Passenger R'y bonds, 
N. Y. & Greenwood Lake (N. J.) bonds, 
N. Y., L. Erie & West. Dock & Imp bonds, 
N. Y., Susquehanna & Western R.R. bonds, 
North Hudson Co., (N. J.) bonds, . 
United N. J. R.R. & Canal Co. bonds, 
Borough of Madison, N. J., bonds, . 
Newark Gas Co. bonds, .... 
American Dock and Improvement Co. bonds, 
Trenton Passenger R'y Co. bonds, . 
Midland R.R. Co., N. J., bonds, 
2,000 shares Morris & Essex R.R,, . 
1,000 " United N. J. R.R. & Canal Co., 



76 
35 
59 
35 



Book Value. 

$100,000 00 
133,857 55 
159,157 20 
220,426 07 
256,556 06 
121,777 
143,362 
104,141 
120,519 

46,168 07 
132,356 10 
106,034 01 

21,000 00 
198,500 70 
216,481 92 

52,731 13 

46,983 36 
195,665 64 
277,372 25 



Market Value. 

$100,000 00 
129,320 00 
158,730 
218,000 
256,000 
122,000 
141,250 
104,000 
119,780 

45,100 
132,500 00 
106,000 00 

21,000 00 
197,600 
216,160 

52,920 

46,870 
190,000 
275,000 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



$2,653,091 11 $2,632,230 00 



"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 
Paid-up Capital, $1,000,000. 

GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 

Home Office, Broadway and Locust Street. 

Income. 

Net fire premiums, $1,929,716 61 

Interest on mortgage loans, $495; collaterals, $14,505.35; 

stocks and bonds, $138,504.40; all other, $1,712.27, . . 155,217 02 

Profit on sale or maturity of ledger assets, .... 6,389 98 



Total income, ' . .$2,091,323 61 

Ledger assets, Dec. 31, 1903, 3,325,755 22 



Total, $5,417,078 83 

Disbursements. 



Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, . 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, 



Total disbursements, . 



$1,199,809 43 

100,000 00 

391,049 40 

102,263 96 

5,000 00 

62,803 38 

2,537 50 

193,693 83 

$2,057,157 50 



Balance, $3,359,921 33 



114 



AMERICAN CENTRAL INSURANCE CO. 



Ledger Assets 



Mortgages, 

Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents' balances, 



Total ledger assets, 



$9,500 00 

260,000 00 

2,713,494 20 

140,504 44 

236,422 69 

$3,359,921 33 



Non-Ledger Assets. 
Market value of stocks and bonds over book value, 



Gross assets, 



485,096 75 
5,845,018 08 



Assets not admitted. 
Special deposits less $28,351.81 liability thereon, . 

Total admitted assets, 



45,348 19 
1,799,669 89 



Liabilities, 

Unpaid losses, including $9,248.15 resisted, $179,995.96 ; less 

reinsurance, $26,765.55, $153,230 41 

Unearned premiums on outstanding risks, $1,502,511.04, plus 

same on disallowed reinsurance, $13,447.89, . . . 1,515,958 93 

All liabilities, except capital and surplus, . . . $1,669,189 34 
Surplus to policy holders, .... $2,130,480 55 

Paid-up capital 1,000,000 00 

Surplus over capital and general liabilities, .... 1,130,480 55 

Total liabilities, $3,799,669 89 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$235,057,954 00 $2,786,396 15 
.209,199,974 00 2,792,111 01 



Total,. 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$444,257,928 00 $5,578,507 16 
. 174,342,198 00 2,316,733 30 



$269,915,730 00 $3,231,773 86 
. 28,235,943 00 380,033 57 



$241,679,787 00 $2,851,740 29 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of compan} T , . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$28,593,728 00 

14,246,258 00 

1,211,714 00 

1,831,412 00 

100,000 00 

151,000 00 



AMERICAN CENTRAL INSURANCE CO. 



115 



Schedule A. 

Securities held as Collateral. 



125 Nashville Terminal Co. bonds, . 
325 shares Nat'l Bank of Commerce in St. Lo., 
700 " Broadway Real Estate Co. in St. Lo., 
50 " Commonwealth Tr. Co. in St. Lo., . 



Schedule B. 



Market Value. 

$125,000 00 

104,000 00 

70,000 00 

14,750 00 



Loaned Thereon. 

|100,000 00 
90,000 00 
60,000 00 
10,000 00 



$313,750 00 $260,000 00 



Stocks, Bonds, etc., owned by the Company. 



John Scullin Collateral Trust gold notes, 

United States bonds, .... 

National Enameling & Stamping Co. bonds, 

Kan. City, Ft. Scott & Memphis R.R. Co. b'ds, 

Missouri Electric Lt. & Power Co. bonds, 

St. Louis Merchants' Bridge Co. bonds, . 

Union Depot R'y Co. bonds, 

United R'ys Co. bonds, .... 

Carthage, Mo , school bonds, . 

Central of Georgia R'y Co. bonds, . 

City of Portland, Ore., bonds, . 

Lincoln Real Estate Building Co. bonds, . 

Pontiac Building Co. bonds, 

St. Louis, Mem. & Southeastern R.R. Co b'ds 

Southern R'y Co. bonds, .... 

Tennessee Central R.R. Co. bonds, . 

St. Clair, Madison & St. Louis Belt R'y bonds 

St. Lo. & San Francisco R.R. Co. bonds, . 

St. Louis, Iron Mt. & Southern R.R. Co. bonds 

Atlantic City R.R. Co. bonds, . 

Little Rock & Hot Springs West. R.R. Co. b'ds 

Fort Worth & Rio Grande R.R. Co. bonds, 

Laclede Gas Light Co bonds, . 

City of Fort Worth, Tex., bonds, . 

St. Lo., Council Bluffs & Omaha R.R. Co. b'ds 

Peirce City, Mo., bonds, .... 

Chic, Burlington & Quincy R.R. Co. bonds, 

State of Georgia bonds, .... 

Fort Worth & Denver City R.R. Co. bonds, 

Illinois Central R.R. Co. bonds, 

Norborne, Mo., school bonds, . 

Tennessee Central R.R. Co. bonds, . 

National Bank of Commerce, St. Lo., stock, 

Hargadine-McKittrick D. G'dsCo., St. Lo., st'k 

United Railways Co., St. Lo., stock, 

Third National Bank, St. Lo., stock, 

Boatmen's Bank, St. Lo., stock, 

Mechanics' National Bank, St. Lo., stock, 

Laclede Gas Light Co., St. Lo., stock, 

West. Adjustment & Inspect'n Co., Chic, st'k, 



Book Value. 

$246,250 00 
211,750 00 
103,000 00 
86,625 00 
98,640 00 
85,950 00 
80,875 00 
65,811 25 
54,000 00 
55,687 50 
53,000 00 
52,500 00 
48,000 00 
48,750 00 
48,000 00 
50,250 00 
30,430 00 
35,150 00 
26,875 00 
24,500 00 
23,718 75 
23,025 00 
13,846 
21,780 
18,000 
15,000 



25 
00 
00 
00 



14,850 00 



00 
50 
00 
00 
95 
00 



11,725 
11,387 

8,800 

4,500 
25,715 
814,345 
60,000 00 
24,275 00 
76,250 00 
11,800 00 
25,025 00 

3,282 00 
125 00 



Market Value. 

$250,000 00 
210,000 00 
100,000 00 

88,000 00 
102,080 00 

94,350 00 

87,000 00 

66,000 00 

54,000 00 

54,500 

52,000 

53,000 

50,000 

49,000 

48,500 

50,000 

34,960 

32,930 

29,000 

25,000 

23,250 

21,500 

25,070 

22,000 00 

18,720 00 

15,900 00 

15,000 

11,700 

10,700 
8,300 
4,770 

25 715 

1,248^000 00 
60,000 00 
21,000 
80,000 
25,000 
25,935 
5,585 
125 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
Q0 
95 



00 
00 
00 
00 
00 
00 



$2,713,494 20 $3,198,590 95 



116 AMERICAN FIRE INSURANCE CO. 



"AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 

Paid-up Capital, $500,000. 

T. H. MONTGOMERY, President. JOHN H. PACKARD, Jr., Vice.-Pres. and Secretary. 

Home Office, 308 Walnut Street. 

Income. 

Net fire premiums, $1,742,998 63 

Deposit premiums on perpetual risks 35,257 48 

Interest on mortgage loans, $35,551 . 16 ; collaterals, $843.02 ; 

stocks and bonds, $52,907.80 ;' all other, $834.57, . . 90,136 55 

Rents, including company's own occupancy, .... 10,791 95 

Profit on sale or maturity of ledger assets, .... 19,628 10 

From all other sources, 2,228 94 



Total income, $1,901,041 65 

Ledger assets, Dec. 31, 1903, 2,791,723 12 



Total, $4,692,764 77 

Disbursements. 

Net amount paid for fire losses, $1,166,221 81 

Deposit premiums returned, 25,079 26 

Interest and dividends to stockholders, 15,000 00 

Commissions or brokerage, 394,106 28 

Salaries, fees, etc., of officers and employees, .... 129,797 05 

Rents, including company's own occupancy, .... 6,000 00 

Repairs and expenses on real estate, 11,134 17 

Real estate taxes, $2,323 . 60 ; other taxes and fees, $39,105 . 97, 41,429 57 

Loss on sale or maturity of ledger assets, .... 31,925 40 

All other disbursements, 72,030 41 



Total disbursements, $1,892,723 95 



Balance, $2,800,040 82 



Ledger Assets. 

Real estate, $356,217.44; mortgages, $723,483.46, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, ..... 

Agents' balances, 

All other ledger assets, 



Total ledger assets, 



$1,079,700 90 

1,450 00 

1,342,409 93 

131,354 40 

227,125 59 

18,000 00 

$2,800,040 82 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $13,212.56; collateral loans, $15.34; other 

assets, $90 13,317 90 

Rents due and accrued on company's property, . . . 1,734 84 

Market value of stocks and bonds over book value, * . . 36,197 24 



Gross assets $2,851,290 80 



AMERICAN FIRE INSURANCE CO. 117 



Assets not admitted. 
Special deposits less $17,753.20 liability thereon, . . . $38,746 80 



Total admitted assets, $2,812,544 00 

Liabilities. 

Unpaid losses, including $ 15,600 . 09 resisted, $ 198,842 . 43 ; less 

reinsurance, $15,280.62 $183,56181 

Unearned premiums on outstanding risks, $ 1 ,372,374 . 10 ; plus 

same on disallowed reinsurance, $10,818.52, . . . 1,383,192 62 

Reclaimable on perpetual fire policies, 580,174 09 

Commissions and other charges due agents and brokers, . 5,872 55 



All liabilities, except capital and surplus, . . . $2,152,801 07 
Surplus to policy holders, .... $659,742 93 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 159,742 93 



Total liabilities, $2,812,544 00 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1903, . . $214,436,274 00 $2,642,901 00 
Fire risks written during 1904, . . . .163,714,07100 2,154,005 47 



Total $378,150,345 00 $4,796,906 47 

Risks expired and terminated, .... 148,205,099 00 1,972,541 31 



In force at end of year, .... $229,945,246 00 $2,824,365 16 
Amount reinsured, 17,554,942 00 219,306 46 



Net amount in force, .... $212,390,304 00 $2,605,058 70 

Perpetual risks in force (not included above), $22,427,343 00 $635,986 10 

Miscellaneous. 

Premiums received from organization of company, . $44,968,570 00 

Losses paid from organization of company, .... 25,790,620 00 

Fire losses incurred during the year, 1,182,983 00 

Cash dividends declared from organization of company, . 3,000,936 00 

Dividends declared during the year (3 per cent.), . . . 15,000 00 

Company's stock owned by directors, 26,700 00 

Schedule A. 

Securities held as Collateral. 

Market Value. Loaned Thereon. 

5 shares Fourth Street National Bank, . . $1,425 00 $1,050 00 

31 " Pennsylvania R.R. Co., . . . 2,139 00 400 00 



$3,564 00 $1,450 00 



118 



AMERICAN FIRE INSURANCE CO. 



Schedule B. 
Stocks and Bonds owned by the Company. 



Allegheny Valley R.R. Co. bonds, . 
Altoona & Logan Valley Elec. R'y Co. bonds, 
American Railways Co. bonds, 
Ashtabula & Pittsburgh R.R. Co. bonds, . 
Atlantic Coast Line R.R. Co. bonds, 
Baltimore & Ohio R.R. bonds, . 
Belt Road and Stock Yard bonds, . 
Camden & Atlantic R.R bonds, 
Central R.R. Co. of New Jersey bonds, . 
Chesapeake & Ohio R'y Car Trust bonds, 
Choctaw, Okla. & Gulf R.R. Co. bonds, . 
Cit} T of Portland, Ore., water bonds, 
Connecticut R'} T & Lighting Co. bonds, . 
Consol. Traction Co. of New Jersey bonds, 
Denver & Rio Grande R.R. Co. bonds, 
Eastern Equipment Co. bonds, 
Erie R.R. Co. Car Trust bonds, 
Georgia R'y & Electric Co. bonds, . 
Glenwood Highway Bridge Co. bonds, . 
Hughesville water bonds, 
Huntingdon & Broad Top Mt. R.R. bonds, 
Iron Mountain Car Trust bonds, 
Joliet R R. Co. bonds, .... 
Lafa} T ette Street R'y Co. bonds, 
Lehigh Valley R.R. Co. bonds, 
Long Island R.R. Co. bonds, . 
Mather Humane Stock Transport. Co. bonds, 
Middlesex Banking Co. bonds, 
Mortgage Trust Co. of Pennsylvania bonds, 
Northern Pacific R.R. Co. bonds, 
Northwestern Guaranty bonds, 
Omaha Loan & Trust Co. bonds, 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
Pennsylvania Co. bonds, .... 
Philadelphia Co. bonds, .... 
Philadelphia & Reading R.R. Co. bonds, . 
Pitts., Chartiers & Yough. R R. Co. bonds, 
Potomac Elec. Power Co. of Wash., D. C, b'ds, 
Read. & Ph. Co., & Read. C'l & Iron Co. b'ds, 
Savannah Gas Co. bonds, .... 
Seaboard Air Line R'y Co. bonds, . . . 
Seaboard & Roanoke R.R. Co. bonds, 
Second Avenue Traction Co., Pitts., bonds, 
Southern R'y Co. bonds, .... 
Steubenville & Indiana R.R. Co. bonds, . 
St. Louis & San Francisco R.R. Co. bonds, 
United Traction Co., Pittsburgh, bonds, . 
Western N. Y. & Pennsylvania R.R. bonds, 
Wheeling & Lake Erie R.R Co. bonds, . 
Wisconsin Central R'y Co. bonds, . 
500 shares Cambria Iron Co., . 
45 " Wheeling & Lake Erie R.R. Co., 
250 " Philadelphia Traction Co., 



00 
86 
33 
58 
00 
00 



Book Value. 

S6,018 07 
19,445 00 
34,562 50 
15,729 44 
23,634 44 
35,750 00 
20,240 
15,642 
14,213 
19,852 
32,379 
50,000 
19,695 62 
37,281 08 
14,868 08 
20,020 56 
26,087 75 
20,144 44 
10,894 91 
17,996 57 
19,412 50 
25,101 26 
15,742 83 
20,960 00 
85,080 68 
20,233 33 
20,038 88 
25,000 00 
25,000 00 
15,000 00 
15,343 65 

2,600 
82,749 
42,406 
23,977 
24,812 
83,822 

9,250 
25,187 
20,787 
17,903 
10,144 
42,472 
11,275 
24,680 
20,419 
24,506 
24,440 97 

5,955 00 
34,271 20 
23,283 34 
21,562 50 



00 
73 

01 
50 
50 
72 
00 
50 
72 
50 
85 
92 
00 
17 
59 
60 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$5,850 00 
19,700 00 
35,700 
15,975 
25,375 
37,450 
21,800 
15,975 
14,700 
19,745 
33,000 
56,500 
20,000 00 
38,675 00 
15,000 00 
20,200 00 
26,000 00 
19,800 00 
11,300 00 
13,000 00 
20,700 00 
25,250 00 
15,750 00 
21,600 00 
102,615 00 
20,300 00 
20,200 00 
23,750 00 
23,750 00 
11,662 50 
767 17 

1,560 00 
87,400 00 
41,600 00 
24,375 00 
25,500 00 
85,375 00 
10,300 00 
25,250 00 
25,750 00 
18,020 00 
10,000 00 
43,450 00 
12,595 00 
24,875 00 
22,890 00 
25,000 00 
29,000 00 

5,950 00 
34,262 
23,250 
23,625 

1,740 



50 
00 
00 
00 



24,531 25 24,750 00 



$1,342,409 93 $1,378,607 17 



UNDERWRITERS AT AMERICAN LLOYDS. 119 



"UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK. 

[Commenced business April 30, 1890.] 
GEORGE A. STANTON, Attorney. 

Borne Office, 45 Cedar Street. 

Income. 

Net fire premiums, $255,822 14 

Interest on bonds, 22,216 34 

Total income, $278,038 48 

Ledger assets, Dec. 31, 1903, 683,338 74 

Total, . $961,377 22 

Disbursements. 

Net amount paid for fire losses, $64,471 55 

Cash dividends paid, 41,390 92 

Retiring subscriber, 4,508 03 

Commissions or brokerage, 79,684 91 

Salaries, fees, etc., of officers and employees, .... 4,605 00 

Taxes and fees, 5,473 06 

All other disbursements, 66 66 

Total disbursements, $200,200 13 

Balance, $761,177 09 

Ledger Assets. 

Bonds (Schedule A), $669,881 25 

Cash in banks, 55,167 60 

Agents' balances, ,36,128 24 

Total ledger assets ' $761,177 09 

Non-Ledger Assets. 

Interest due and accrued on bonds 8,170 15 

Gross assets $769,347 24 

Assets not admitted. 

Depreciation in book value of bonds, 44,881 25 

Total admitted assets, $724,465 99 

Liabilities. 

Unpaid losses $11,062 32 

Unearned premiums on outstanding risks, .... 136,097 99 

Due for return premiums, $3,198.37 ; reinsurance, $1,200, . 4,398 37 

Reserve for contingencies, 70,000 00 

All liabilities, except subscribers' deposits and surplus, . $221,558 68 
Surplus to policy holders, .... $502,907 31 

Subscribers' deposits paid up, 100,000 00 

Surplus over subscribers' deposits and general liabilities, . 402,907 31 

Total liabilities, $724,465 99 



120 



AMERICAN MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . . f 28,028,837 00 $268,228 71 
Fire risks written during 1904, 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. 34,421,586 00 310,221 09 



. $62,450,423 00 $578,449 80 
. 33,424,565 00 304,580 60 



. $29,025,858 00 $273,869 20 
282,500 00 1,673 22 



.$28,743,358 00 $272,195 98 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 



$3,005,575 

1,150,336 

. 73,902 

392,067 

41,391 



00 
00 
00 
00 
00 



Schedule A. 

Bonds owned by the Company. 



New York city bonds, 

Brooklyn city (East River Bridge) bonds, 
Essex County Park, N. J., bonds, . 
Metropolitan Street R'y bonds, 
West Shore R.R. Co. bonds, .... 
Pitts., Cin., Chicago & St. Lo. R.R. Co. bonds, 

State of Indiana bonds, 

State of Massachusetts bonds, .... 
Atchison, Topeka & Santa Fe R R. Co. bonds, 
Baltimore & Ohio R R. Co. bonds, . 
Cleve., Cin., Chicago & St. Lo. R.R. Co. bonds, 



Book Value. 

$282,625 00 
55,500 00 
59,000 00 
61,125 00 
46,000 00 
26,625 00 
30,000 00 
33,975 00 
25,156 25 
25,000 00 
24,875 00 



Market Value. 

$275,000 00 
50,000 00 
50,000 00 
50,000 00 
40,000 00 
25,000 00 
30,000 00 
30,000 00 
25,000 
25,000 
25,000 



00 
00 
00 



$669,881 25 $625,000 00 



"AMERICAN MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated June 1, 1877. Commenced business June 1, 1877.] 
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums, $231,351 28 

Interest on stocks and bonds, $9,418.83; all other, $1,441.35, 10,860 18 



Total income, 
Ledger assets, Dec. 31, 1903, 



$242,211 46 
263,260 92 



Total, " . $505,472 38 



AMERICAN MUTUAL FIRE INSURANCE CO. 121 



Disbursements. 

Net amount paid for losses, $11,680 10 

Profits on terminated policies, 190,988 09 

Salaries, fees, etc., of officers and employees, .... 3,354 94 

Rents 1,460 28 

Taxes and fees, . 4,207 82 

All other disbursements, 3,717 47 



Total disbursements, $215,408 70 



Balance, $290,063 68 



Ledger Assets. 

Stocks and bonds (Schedule A), $240,115 40 

Cash in banks, 44,153 89 

Premiums in course of collection, 5,794 39 



Total ledger assets, $290,063 68 



Non-Ledger Assets. 

Interest due and accrued on bonds, 2,119 38 

Market value of stocks and bonds over book value, . . 14,188 10 

Gross assets, $306,371 16 



Liabilities. 

Unpaid losses, $353 45 

Unearned premiums on outstanding risks, .... 114,086 11 

Accrued taxes, 3,736 89 

All liabilities, except surplus, $118,176 45 

Surplus, 188,194 71 

Total liabilities, $306,37116 



Risks and Premiums. 

Amount. Cash Prem'a. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $24,140,240 00 $203,650 82 $1,018,254 10 
Risks written during 1904, . 29,615,027 00 241,843 96 1,209,219 80 



Total $53,755,267 00 $445,494 78 $2,227,473 90 

Risks expired and terminated, . 26,271,463 00 217,322 57 1,086,612 85 



In force at end of year, . .$27,483,804 00 $228,172 21 $1,140,861 05 



Miscellaneous. 

Losses incurred during the year $10,720 00 

Profits or surplus returned during 1904, 92.5 per cent. 



122 ASSURANCE COMPANY OF AMERICA. 



Schedule A. 



Slocks and Bonds owned by the Company. 

Book Value. Market Value. 



Providence city bonds, .... 

Boston city bonds, 

Denver City Tramway Co. bonds, . 
117 shares Providence & Worcester R.R., 

150 " Old Colony R.R 

100 " N. Y., N. H & Hartford R.R , 

130 " Morris & Essex R.R., . 

100 " Cleveland & Pittsburg R.R., . 

100 " Illinois Central R.R., 

100 " Chicago, Great Western R.R., 

200 " Pitts., Bessemer & Lake Erie R.R. 

105 " West End Street R.R., . 

500 " Pennsylvania R.R., . 

100 " Manhattan R.R., 



$22,000 00 $22,000 00 

20,000 00 20,600 00 

8,000 00 8,000 00 

29,835 00 33,696 00 

27,750 00 30,750 00 

18,267 90 19,850 00 

11,395 00 12,122 50 

9,550 00 9,250 00 

12,277 50 13,570 00 

9,000 00 8,700 00 

15,400 00 15,000 00 

9,850 00 9,765 00 

31,890 00 34,500 00 

14,900 00 16,500 00 



$240,115 40 $254,303 50 



" ASSURANCE COMPANY OF AMERICA," NEW YORK, N. Y. 

[Incorporated Feb. 25, 1897. Commenced business April 1, 1897.] 

Paid-up Capital, $400,000. 

R. BLEECKER RATHBONE, President. CHARLES S. CONKLIN, Secretary. 

Home Office, 45 William Street. 

Income. 

Net fire premiums, $421,756 05 

Interest on bonds, $35,215.19 ; all other, $1,537.25, . . 36,752 44 

Total income, $458,508 49 

Ledger assets, Dec. 31, 1903, 1,222,639 15 

Total, $1,681,147 64 

Disbursements. 

Net amount paid for fire losses, $512,418 01 

Interest and dividends to stockholders, 17,456 47 

Commissions or brokerage, 119,500 47 

Salaries, fees, etc., of officers and employees, . . . . 1,825 00 

Taxes and fees 23,296 40 

Loss on sale or maturity of ledger assets, .... 342 50 

All other disbursements, 8,611 83 

Total disbursements, $683,450 68 

Balance, $997,696 96 

Ledger Assets. 

Bonds (Schedule A) $884,39375 

Cash in banks 49,577 92 

Agents' balances 63,725 29 

Total ledger assets, $997,696 96 



ASSURANCE COMPANY OF AMERICA. 



123 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $3,315 ; other assets, f 1,156.42, 

Gross assets, 



1,471 42 



$1,002,168 38 



Assets not admitted. 



Agents 1 balances over three months due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$525 39 
30,151 25 



30,676 64 



,491 74 



Liabilities. 

Unpaid losses, including $3,619 resisted, $59,314; less rein- 
surance, $3,248, $56,066 00 

Unearned premiums on outstanding risks, $314,859.32 ; plus 

same on disallowed reinsurance, $1,947.77, . . . 316,807 09 

Commissions and other charges due agents and brokers, . 6,015 46 

Reserve for contingencies, 14,777 66 

All liabilities, except capital and surplus, . . . $393,666 21 
Surplus to policy holders, .... $577,825 53 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 177,825 53 

Total liabilities, $971,49174 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



.$69,260,415 00 

. 49,556,757 00 

$118,817,172 00 

. 64,068,915 00 

.$54,748,257 00 

. 5,725,877 00 



Premiums. 

$914,687 56 
638,090 47 

'1,552,778 03 
869,359 80 

$683,418 23 
68,431 02 



.$49,022,380 00 $614,987 21 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Company's stock owned by directors, . 



$4,894,741 00 

3,160,224 00 

494,265 00 

265,456 00 

202,800 00 



Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

New York City bonds, $628,402 50 $594,905 00 

Atchison, Topeka & Santa Fe R'y Co. bonds, . 30,600 00 31,050 00 

Baltimore & Ohio R.R. Co. bonds, . . . 36,400 00 37,350 00 

Chicago & Alton R.R. Co. bonds, . . . 16,565 00 17,000 00 



124 



ATLANTIC MUTUAL INSURANCE CO. 



Denver & Rio Grande R.R. Co. bonds, 

Lake Shore & Mich. Southern R.R. Co. bonds, 

Lehigh & Wilkes-Barre Coal Co. bonds, 

Manhattan R'y Co. bonds, 

Metropolitan Street R'y Co. bonds, . 

Missouri Pacific R'y Co. bonds, 

Oregon Short Line R'y Co. bonds, . 

Richmond & Danville R.R. Co. bonds, 

Scioto Valley & New England R.R. Co. bonds, 

Terminal R.R. Association of St. Louis bonds, 



Book Value. 


Market Value. 


$20,200 00 


$20,050 00 


19,750 00 


20,300 00 


10,137 50 


10,175 00 


15,598 75 


15,750 00 


18,450 00 


18,600 00 


12,100 00 


12,337 50 


24,790 00 


25,400 00 


11,100 00 


11,125 00 


20,300 00 


20,350 00 


20,000 00 


19,850 00 


1884,393 75 


$854,242 50 



"ATLANTIC MUTUAL INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 11, 1842. Commenced business July 1, 1842.] 
A. A. RAVEN, President. G. STANTON FLOYD-JONES, Secretary. 

Home Office, 51 Wall Street. 

Income. 

Net marine premiums, $2,785,826 96 

Interest on stocks and bonds, $287,0 17. 56; all other, $7,502. 27, 294,519 83 
Rents, including company's own occupancy, .... 280,104 10 
Profit on sale or maturity of ledger assets, .... 25,223 41 
From all other sources, 61 53 



Total income, 
Ledger assets, Dec. 31, 1903, 



Total, . 



. $3,385,735 83 
. 12,597,788 34 

$15,983,524 17 



Disbursements. 



Net amount paid for marine losses, 

Cash paid for redemption of scrip, 

Interest paid to scrip holders, 

Commissions or brokerage, . 

Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupancy, .... 

Repairs and expenses on real estate, 

Real estate taxes, $55,190 . 06 ; other taxes and fees, $45,582 . 82, 
All other disbursements, 

Total disbursements, 



Balance, 

Ledger Assets. 

Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks, .... 
Agents' balances, . . 
Bills receivable, 
Overdue notes, .... 
Scrip owned by the company, . 

Total ledger assets, . 



$824,156 34 
935,000 00 
440,975 70 

54,816 30 
344,401 44 

50,000 00 

68,665 02 
100,772 88 

70,444 03 

. $2,889,231 71 
$13,094,292 46 



$4,364,638 53 

5,584,526 69 

1,768,845 66 

241,710 47 

1,085,462 68 

27,498 43 

21,610 00 

$13,094,292 46 



ATLANTIC MUTUAL INSURANCE CO. 



125 



Assets not admitted. 

Company's scrip owned, 

Bills receivable, past due, .... 

Depreciation in book value of ledger assets, . 

Total unadmitted assets, .... 

Total admitted assets, .... 



$21,610 00 

92,873 83 

341,564 70 



$456,048 53 
^12,638,243 93 



Liabilities. 

Unpaid losses, including $21,600 resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued, . 
Due for return premiums, 

Miscellaneous, 

Reserve for contingencies, 

All liabilities, except scrip and surplus, . 
Surplus to policy holders, .... 

Scrip outstanding not ordered to be redeemed, 
Surplus over scrip and general liabilities, 

Total liabilities, 



►,334,132 49 



12,115,714 00 
616,516 57 
207,131 48 

51,325 27 
132,574 98 

20,849 14 
160,(00 00 

13,304,111 44 

7,677,080 00 
. 1,657,052 49 

$12,638,243 93 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1903, . $130,562,39100 $724,15184 
Marine risks written during 1904, . . . 651,457,589 00 2,909,343 08 



Total, 

Risks expired and terminated, . 

In force at end of year, 



$782,019,980 00 $3,633,494 92 
.650,344,460 00 3,016,978 35 



$131,675,520 00 $616,516 57 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine losses incurred during the year (estimated), 
Scrip dividends declared during the year, 



$221,319,376 00 

126,514,942 00 

. 1,413,130 00 

. 1,180,881 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



District of Columbia bonds, 

United States bonds, 

N. Y. Central & Hudson River R R. bonds, 
N. Y , Chicago & St. Louis R.R. bonds, . 
West Shore R R. bonds, .... 
Brooklyn & Montauk R.R. bonds. 
United States Mortgage & Trust Co. stock, 
N. Y. Central & Hudson River R.R. stock, 
Metropolitan Trust Co. stock, . 
Consolidated Gas Co , N. Y., stock, . 
New York City stock, .... 
Pennsylvania R.R. Co. stock, . 



Book Value. 

$94,351 79 

558,843 00 

282,483 75 

195,357 50 

203,312 50 

75,000 00 

26,420 01 

358,403 39 

408,965 

80,065 

1,180,829 

374,606 



15 
31 
25 
25 



Market Value. 

$200,000 00 

500,000 00 

259,000 00 

160,000 00 

160,000 00 

60,000 00 

26,420 00 

417,380 00 

396,15f> 52 

70,000 00 

1,170,545 l 

330,000 00 



126 



BLACKSTONE MUTUAL FIRE INSURANCE CO, 



N. Y M Lackawanna & Western R.R. stock, 

Morris & Essex R.R. Co. stock, 

Delaware, Lackawanna & Western R.R. stock 

Chicago & Northwestern R'y Co. stock, 

American Exchange Bank stock, 

Bank of America stock, . 

Bank of Commerce stock, 

Bank of New York stock, 

Merchants' Bank stock, 

Mechanics' Bank stock, 

Manhattan Company Bank stock, 

Market & Fulton Bank stock, . 

Lake Shore & Mich. Southern R.R. bonds, 

Northern Pacific-Gt. North. R R. bonds, 

Chicago, Burl. & Quincy R R. bonds, 

Consolidated Gas Co., N. Y., bonds, 

State of New York stock, 



Book Value. 

f61,687 50 

34,475 00 

159,212 50 

180,075 00 

113,004 82 

61,765 49 

115,437 11 

154,805 98 

80,203 98 

82,369 10 

25,524 81 

45,080 00 

198,125 00 

145,622 50 

50,250 00 

17,500 00 

220,750 00 



Market Value. 

$61,687 00 

34,475 00 

159,212 00 

180,075 00 

90,000 00 

50,000 00 

80,500 00 

94,200 00 

70,150 00 

85,000 00 

18,000 00 

33,300 00 

160,000 00 

120,000 00 

40,000 00 

17,500 00 

200,000 00 



$5,584,526 69 $5,243,600 52 



"BLACKSTONE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated August, 1868. Commenced business August, 1868.] 

WM. B. McBEE, President. JAMES H. SWEET, Secretary. 

Home Office, 10 Weybosset Street. 



Income. 

Net premiums, 

Interest on stocks and bonds, $23,783.55 ; all other, 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1903, 



5,789.57, 



$578,980 43 

27,573 12 

2,475 00 

$609,028 55 
623,324 12 



Total, $1,232,352 67 

Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupancy, . 

Taxes, 

Inspections, .......... 

All other disbursements, 



Total disbursements, . 



1,112 56 

482,104 96 

10,847 01 

1,360 07 
10,868 94 

8,299 39 

2,120 82 

$571,713 75 



Balance, $660,638 92 



Ledger Assets. 



Stocks and bonds (Schedule A), 
Cash in banks, .... 
Premiums in course of collection, 



$542,532 96 

107,816 08 

10,289 88 



Total ledger assets, f 660,638 92 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 



127 



Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $8,098.17 ; other assets, $1,122.38, 
Market value of stocks and bonds over book value, 



$9,220 55 
108,268 04 



Gross assets, $778,127 51 



Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, .... 



2 50 



$778,125 01 



Liabilities. 

Unpaid losses, $1,382 92 

Unearned premiums on outstanding risks, .... 285,126 14 

Taxes, 9,035 05 

All liabilities, except surplus, $295,544 11 

Surplus 482,580 90 

Total liabilities, $778,125 01 



Risks and* Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $64,670,763 00 $531,915 46 $2,659,577 30 

Risks written during 1904, . 75,101,898 00 604,793 31 3,023,966 55 



Total, .... $139,772,661 00 $1,136,708 77 $5,683,543 85 
Risks expired and terminated, . 69,549,116 00 566,456 49 2,832,282 45 



In force at end of year, . .$70,223,545 00 $570,252 28 $2,851,261 40 

Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1904, 89.04 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 



$52,580 00 



Rhode Island State bonds, 

United States bonds, .... 

Chicago, Burlington & Quincy R.R. bonds, 

United Traction & Electric Co. bonds, 

Gt. Northern & Northern Pacific R.R. bonds, 

Long Island R R. bonds 

360 shares Illinois Central R.R., 
230 " Chicago & Northwestern R.R , 
200 " Rome, Watertown & Og. R.R , 
944 " Pennsylvania R R , 
170 " Pitts , Ft. Wayne & Chic R.R., 
50 " Rensselaer & Saratoga R.R., . 
110 " Mahoning Coal Co., 
150 " Hereford R.R , 



Book Value. 

$100,000 00 
16,000 00 

5,000 00 
25,000 00 
26,951 27 

9,900 00 
37,417 50 
22,912 50 
20,000 00 
60,203 24 
29,442 50 

9,900 00 

6,655 00 
15,178 12 



Market Value. 

$107,250 00 
20,920 00 

4,890 00 
27,687 00 
56,560 00 
10,150 00 
56,250 00 
47,610 00 
27,100 00 
65,254 00 
31,365 00 
10,300 00 

6,600 00 
14,925 00 



128 BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



Albany & Susquehanna R.R., . 
Morris & Essex R.R., 
Upper Coos R R., . 
Cleveland & Pittsburgh R.R., 
Erie & Pittsburgh R.R., . 
Illinois Central R.R., 
Pitts., Bessemer & Lake Erie R.R 
National Bank of North America, 
Lime Rock National Bank, 
Manhattan Elevated R'y Co., . 
Pitts., McKeesp. & Yough. R.R , 
Atlanta & Charlotte R R., 
Cleveland, Cin. & Chic. R.R , . 



60 shares 


300 


it 


50 


u 


100 


(t 


100 


(1 


100 


It 


100 


u 


100 


l( 


200 


(t 


250 


11 


222 


II 


50 


it 


50 


It 



Book Value. 


Market Value. 


$14,580 00 


$14,100 00 


28,269 23 


28,125 00 


7,450 00 


7,000 00 


9,750 00 


9,250 00 


8,237 50 


8,025 00 


10,750 00 


10,450 00 


7,702 60 


7,200 00 


4,875 00 


8,500 00 


2,000 00 


300 00 


35,162 50 


41,250 00 


15,446 00 


15,540 00 


8,000 00 


8,300 00 


5,750 00 


5,900 00 


$542,532 96 


$650,801 00 



"BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated February, 1898. Commenced business February, 1898.] 

Paid-up Capital, $200,000. 

E. J. KNOWLES, President. C. V. HOWARD, Secretary pro tern. 

Home Office, 45 Cedar Street. 



Income. 

Net fire premiums, 

Interest on stocks and bonds, $ 9,925 ; all other 
Paid in by stockholders, .... 

Total income, .... 
Ledger assets, Dec. 31, 1903, . 



Total, 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc , of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
Profit and loss, ..... 
All other disbursements, . 

Total disbursements, . 

Balance, ..... 



Ledger Assets 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 



,$110.72, 



Total ledger assets, 



$195,899 39 
10,035 72 
40,000 00 

f245,935 11 
480,304 97 

$726,240 08 



$173,068 51 

5,000 00 

42,519 76 

9,062 06 

1,541 67 

6,564 95 

10,476 30 

28 31 

10,254 24 

$258,515 80 

$467,724 28 



$320,633 25 

55,672 01 

91,419 02 

$467,724 28 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 129 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 

Gross assets, 

Assets not admitted. 
Depreciation in book value of stocks and bonds, 



Total admitted assets, 



Liabilities. 



Unpaid losses, $12,825.52 ; less reinsurance, $1,307.98, . 
Unearned premiums on outstanding risks, .... 
Due for reinsurance premiums, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $251,194 67 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



$2,166 65 
$469,890 93 



3,420 75 
$466,470 18 



$11,517 54 

201,485 37 

2,272 60 

$215,275 51 

200,000 00 
51,194 67 



Total liabilities, $466,470 18 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 



. $29,282,354 00 
. 45,938,330 00 

. $75,220,684 00 
. 37,155,052 00 

. $38,065,632 00 
. 2,548,458 00 



Premiums. 

$375,681 45 
473,190 95 

$848,872 40 
439,466 50 

$409,405 90 
33,689 50 



Net amount in force, . 



$35,517,174 00 $375,716 40 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (2.5 per cent), 

Company's stock owned by directors, 



Schedule A. 
Stocks and Bonds owned by the Company. 



New York City bonds, .... 
Pennsylvania R.R. Co. stock, . 
Chicago, Mil. & St. Paul R'y Co. stock, . 
Illinois Central R.R. Co. stock, . 
Atchison, Topeka & Santa Fe R'y Co. stock, 
Consolidated Gas Co. of New York stock, 



Book Value. 

5216,052 00 
31,593 75 
14,775 00 
27,012 50 
10,187 50 
21,012 50 



,383,892 00 

831,763 00 

158,302 00 

5,000 00 

5,000 00 

180,000 00 



Market Value. 

$204,250 00 
34,562 50 
17,175 00 
31,300 00 
10,125 00 
19,800 00 



$320,633 25 $317,212 60 



130 



BUFFALO COMMERCIAL INSURANCE CO. 



"BUFFALO COMMERCIAL INSURANCE COMPANY," 
BUFFALO, N. Y. 

[Incorporated April 15, 1896. Commenced business April 16, 1896.] 

Paid-up Capital, $200,000. 

JOHN G. WTCKSER, President. GEO. H. HOFHEINS, Secretary. 

Home Office, 455 Main Street. 



Income. 

Net fire premiums, 

Interest on mortgage loans, f 5,620. 24; bonds, $9,902.82, 

Total income, ..... 
Ledger assets, Dec. 31, 1903, . 



Total, 



Disbursements 



Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 

Profit and loss, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 



Mortgages, 
Bonds (Schedule A), 
Cash in banks and office, 
Agents' balances, 

Total ledger assets, 



Non-Ledger Assets. 



Interest accrued : — 
On mortgages, $7u4.50 ; bonds, $1,363.28, 



Gross assets, 



Liabilities. 



$260,413 86 
15,523 06 

$275,936 92 
446,980 36 

$722,917 28 



$117,041 94 

16,000 00 

65,199 95 

7,666 11 

450 00 

5,249 09 

2 50 

119 29 

11,159 96 

$222,888 84 

$500,028 44 



$116,950 00 

277,230 18 

71,472 58 

34,375 68 

$500,028 44 



2,067 78 
$502,096 22 

$14,829 77 

187,035 83 

$201,865 60 

2( 0,000 00 
100,230 62 

Total liabilities, $502,096 22 



Unpaid losses, including $1,000 resisted, 

Unearned premiums on outstanding risks, $186,616.89 ; plus 
same on disallowed reinsurance, $418.94, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$300,230 62 



BUFFALO GERMAN INSURANCE CO. 



131 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $24,906,306 00 $299,177 19 
. 24,898,241 00 313,194 32 



Total, . . . . . 
Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



.$49,804,547 00 $612,371 51 
. 19,445,623 00 252,816 60 



.$30,358,924 00 $359,554 91 
. 1,008,455 00 9,662 48 



. $29,350,469 00 $349,892 43 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (8 per cent.), . 

Company's stock owned by directors, . 



$1,356,229 00 
726,659 00 
122,553 00 

43,000 00 
16,000 00 
68,500 00 



State of New York bonds, 
City of Buffalo, N. Y., bonds, 



Schedule A. 

Bonds owned by the Company. 

Book Value. Market Value. 

. $100,000 00 $100,000 00 
177,230 18 177,230 18 



$277,230 18 $277,230 18 



"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, $200,000. 

OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary. 

Home Office, 447 Main Street. 

Income. 

Net lire premiums, $511,174 54 

Interest on mortgage loans, $22,689. 09 ; collaterals, $1,390. 74 ; 

stocks and bonds, $45,178.37 ; all other, $19,019.37, . . 88,277 57 

Rents, including company's own occupancy, .... 22,573 12 

From all other sources, 4,279 11 

Total income, $626,304 34 

Ledger assets, Dec. 31, 1903, 2,194,029 52 

Total, $2,820,333 86 

Disbursements. 

Net amount paid for fire losses, $238,133 12 

Interest and dividends to stockholders, 60,000 00 

Commissions or brokerage, 132,595 96 

Salaries, fees, etc., of officers and employees, .... 31,161 67 



132 BUFFALO GERMAN INSURANCE CO. 

Rents, including company's own occupancy, .... §2,000 00 

Repairs and expenses on real estate, 6,575 26 

Real estate taxes, $13,639. 83; other taxes and fees, $10,772. 10, 24,411 93 

Loss on sale or maturity of ledger assets, . . . . 199 37 

Profit and loss, . . ' 182 52 

All other disbursements, 23,462 52 



Total disbursements, $518,722 35 



Balance, $2,301,611 51 



Ledger Assets. 

Real estate, $ 315,000 ; mortgages, $437,000, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 
Cash in banks and office, .... 
Agents' balances, 



$752,000 00 
13,175 00 

1,296,331 18 

185,727 83 

54,377 50 



Total ledger assets, $2,301,611 51 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $2,986.99; stocks and bonds, $9,506.62 ; col- 
lateral loans, $219.65, 12,713 26 

Rents accrued on company's property, 1,195 19 



Gross assets,* $2,315,519 96 

Liabilities. 

Unpaid losses, including $1,000 resisted $18,729 26 

Unearned premiums on outstanding risks, $469,315.83; plus 

same on disallowed reinsurance, $1,648.99, . . . 470,964 82 

Reserve for contingencies, . 50,000 00 



All liabilities, except capital and surplus, . . . $539,694 08 
Surplus to policy holders, .... $1,775,825 88 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 1,575,825 88 

Total liabilities, $2,315,519 96 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . . $86,366,128 00 $908,374 58 

Fire risks written during 1904, . . . 59,303,354 00 663,071 23 



Total $145,669,482 00 $1,571,445 81 

Risks expired and terminated, . . . . 51,814,59100 597,800 78 



In force at end of year, $93,854,89100 $973,645 03 

Amount reinsured, 6,818,830 00 68,036 41 



Net amount in force, $87,036,06100 $905,608 62 

Including $200,000 special reserve held under New York law. 



CALEDONIAN-AMERICAN INSURANCE CO. 



133 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, .... 



$11,858,723 00 

5,708,626 00 

233,836 00 

1,385,925 00 

60,000 00 

46,200 00 



Schedule A. 
Securities held as Collateral. 



Market Value. Loaned Thereon. 



Exchange Elevator Co., Buffalo, N. Y., stock, . 
Central Production Co., Pittsburgh, Pa., stock, 
Fidelity Trust Co., Buffalo, N. Y., stock, . 
Frontier Telephone Co , Buffalo, N Y., bonds, 
Commonwealth Trust Co., Buffalo, N. Y., st% 



Schedule B. 



$1,000 00 
1,250 00 

12,500 00 
5,000 00 
2,500 00 



$700 00 

125 00 

7,350 00 

5,000 00 



$22,250 00 $13,175 00 



Slocks and Bonds owned by the Company. 

Book Value. 

City of Buffalo, N. Y., bonds $942,081 18 

Erie County bonds 273,000 00 

Buffalo Southwestern R R. bonds, . . . 36,250 00 

Third National Bank stock, .... 45,000 00 



Market Value. 

$942,081 18 

273,000 00 

36,250 00 

45,000 00 



:,296,331 18 $1,296,331 18 



"CALEDONIAN-AMERICAN INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.] 

Paid-up Capital, $200,000. 

CHARLES H. POST, President. N. A. McNEIL, Vice-President and Secretary. 

Home Office, 50 Pine Street. 



Income. 



Net fire premiums, . 
Interest on stocks and bonds, 

Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



$9,671 10 
9,700 00 

$19,371 10 
301,802 76 

|321,173 86 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 



$. r »,.So9 86 

9,000 00 

2,330 59 

1,014 38 

53 13 



134 CALEDONIAN-AMERICAN INSURANCE CO. 

Taxes and fees, $312 00 

All other disbursements, 681 89 



Total disbursements, $ 18,761 85 



Balance, $302,422 01 

Ledger Assets. 

Stocks and bonds (Schedule A), $288,757 59 

Cash in banks 2,108 73 

Agents' balances, 11,269 97 

Reinsurance due on losses paid, 285 72 



Total ledger assets, $302,422 01 

Non-Ledger Assets. 

Interest due on stocks and bonds, 2,345 83 

Commissions on reinsurance premiums unpaid, . . . 895 50 



Gross assets, $305,663 34 

Assets not admitted. 

Agents' balances over three months due, . $157 60 
Depreciation in book value of stocks and bonds, 657 59 
Excess of agents' balances over unearned pre- 
miums, 313 30 

Total unadmitted assets, .... 1,128 49 



Total admitted assets, $304,534 85 

Liabilities. 

Unpaid losses, including $500 resisted, $2,685.40; less rein- 
surance, $2,032.45, $652 95 

Unearned premiums on outstanding risks, .... 10,799 07 

Due for reinsurance premiums, 3,685 20 



All liabilities, except capital and surplus, . . . $15,137 22 
Surplus to policy holders, .... $289,397 63 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 89,397 63 

Total liabilities, $304,534 85 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$15,404,677 00 $176,438 57 
8,763,921 00 107,024 49 



$24,168,598 00 $283,463 06 
8,392,980 00 102,584 70 



$15,775,618 00 $180,878 36 
14,017,528 00 160,100 70 



Net amount in force, $1,758,090 00 $20,777 66 



CAMDEN FIRE INSURANCE ASSOCIATION. 



135 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4.5 per cent.), 
Company's stock owned by directors, 

Schedule A. 

Slocks and Bonds owned by the Company. 



New York City school bonds, .... 
Steinway R R Co. of N. Y. bonds, . 
Brooklyn, Queens Co. & Subur. R.R, Co. b'ds, 
N. Y., Ont & West. R'y Co. bonds, . 
The Tenth & Twenty-third St. Fer. Co's b'ds, 
Morris & Essex R'y Co. stock, .... 
Cleveland & Pittsburg R.R. Co stock, 
Rome, Watertown & Ogdens. R.R. Co. stock, . 
Pitts., Bessemer & Lake Erie R.R. Co. stock, . 
N. Y., Chic. & St. Louis R.R. Co. stock, . 



Book Value. 

$200,000 00 

5,718 

5,481 

5,097 

5,087 
17,639 
17,976 
12,785 79 

7,283 90 
11,687 67 



75 
25 
38 
50 
29 
06 



$354,700 00 

280,228 00 

5,189 00 

37,000 03 

9,000 00 

4,500 00 



Market Value. 

$197,500 00 

5,950 00 

5,550 

5,250 

4,750 
18,700 
18,500 
13,700 

7,200 
11,000 



00 
00 
00 
00 
00 
00 
00 
00 



$288,757 59 f 288,100 00 



•■ CAMDEN FIRE INSURANCE ASSOCIATION," CAMDEN, N. J. 

[Incorporated March, 1841. Commenced business April, 1841.] 

Paid-up Capital, $400,000. 

EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary. 

Home Office, 434 Federal Street. 



Income. 

Net fire premiums, $643,988 49 

Deposit premiums on perpetual risks, 1,153 00 

Interest on mortgage loans, $13,070.94; collaterals, $3,- 

633.70 ; stocks and bonds, $29,316.15 ; all other, $833.58, . 46,854 37 

Rents 941 62 

Profit on sale or maturity of ledger assets, .... 12,525 42 

From all other sources, . 23 50 



Total income, 

Ledger assets, Dec. 31, 1903, plus increase of capital, $100,000 
and surplus paid in $100,000, 



$705,486 40 
1,239,378 63 



Total, . 



Disbursements. 



Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Repairs and expenses on real estate, 

Real estate taxes, $387.50 ; other taxes and fees, $7,758.54, 



. $1,944,865 03 


. $318,942 


94 


851 


63 


24,902 


55 


196,097 


05 


21,622 


27 


529 


19 


8,146 


04 



136 



CAMDEN FIRE INSURANCE ASSOCIATION. 



Loss on sale or maturity of ledger assets, .... $512 27 

All other disbursements, 17,369 81 

Total disbursements, $589,023 75 

Balance, $1,355,841 28 

Ledger Assets. 

Real estate, $38,976.64 ; mortgages, $285,350, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, ...... 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,491 . 23 ; collateral loans, $100 ; other assets, 

$575, 

Rents due on company's property, ...... 

Market value of stocks and bonds over book value, 



$324,326 64 

50,500 00 

880,537 07 

36,685 32 

63,792 25 

$1,355,841 28 



4,166 23 

90 00 

4,522 93 



Gross assets, $1,364,620 44 



Assets not admitted. 

Agents' balances over three months due, 
Depreciation in book value of real estate, 

Total unadmitted assets, .... 



$1,754 86 
1,976 64 



3,731 50 



Total admitted assets, 



Liabilities. 



Unpaid losses, $63,337; less reinsurance, $3,308.60, 
Unearned premiums on outstanding risks, $453,460.60; plus 
same on disallowed reinsurance, $860, ..... 

Reclaimable on perpetual fire policies, 

Dividends due stockholders, 

Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$822,569 01 



$1,360,888 94 



$60,028 40 

454,320 60 

23,745 58 

193 80 

31 55 

$538,319 93 

400,000 00 

422,569 01 



Total liabilities, $1,360,888 94 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $53,460,942 00 
. 65,206,320 00 

$118,667,262 00 
. 47,585,531 00 

.$71,081,731 00 
. 3,254,264 00 

.$67,827,467 00 



Perpetual risks in force (not included above), $1,167,957 00 



Premiums. 

$647,481 26 
832,623 41 

$1,480,104 67 
608,709 65 

$871,395 02 
40,688 38 

$830,706 64 

$26,383 98 



CAMDEN FIRE INSURANCE ASSOCIATION. 



137 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (6.2 per cent.) 
Company's stock owned by directors, .... 



$2,419,787 00 

921,221 00 

337,187 00 

339,903 00 

52,865 00 

24,953 00 

55,400 00 



Schedule A. 

Securities held as Collateral. 



Central Trust Co. stock, .... 
West Jersey & Seashore R.R. stock, 
American Dredging Co. stock, . 

Reading R.R. bonds, 

South Jersey Gas, Elec. & Tract. Co. stock, 



Schedule B. 



Market Value. Loaned Thereon. 



$30,300 00 
5,015 00 

30,000 00 

2,400 00 



Stocks and Bonds owned by the Company. 



Bridgeton, N. J., city bonds, 
Jersey City, N. J., bonds, . 
Philadelphia city bonds, . 
Boston city bonds, 
Camden city bonds, . 
Lehigh Valley Coal Co. bonds, 
Choctaw, Oklahoma & Gulf R.R. bonds, 
Read Co. & Phil. & Read. C'l & I'n Co. bonds 
Consolidated Traction Co. of N. J. bonds, 
Electric & People's Traction Co. bonds, . 
Norfolk & Western R R. Co. bonds, 
Maryland Steel Co. bonds, 
Syracuse Rapid Transit Co. bonds, . 
Philadelphia Co. bonds, .... 
South Bound R.R. Co. bonds, . 
Wisconsin Central R.R. Co. bonds, . 
City of Duluth Water and Light bonds, . 
Jersey City, Hoboken & Pat. R R. Co. bonds. 
Choctaw & Memphis R.R. Co. bonds, 
Reading Co Equipment Trust bonds, 
Iron Mountain Car Trust bonds, 
Atlantic Coast Line R.R Co. bonds, 
Norfolk & West. Pocahon. Pur. Money bonds 
Citizens 1 St. R'y Co. of Muncie, lnd., bonds, 
Penn. & Northwestern R.R. Co bonds, 
Lehigh Valley R.R. bonds, 
Erie R.R. Co. bonds, .... 
Camden & Suburban R'y Co. bonds, 
Schuylkill River East Side R.R. bonds, 
St. Louis & San Francisco R.R. bonds. 
Western N. Y. & Penn. R R. Co. bonds, 
Camden Horse R.R. Co. bonds, 
16 shares Girard Trust Co. (Phil.), 
300 41 Philadelphia & Camden Ferry Co., 
150 " Philadelphia Traction Co., 



Book Value. 

$5,343 33 

5,100 CO 

11,334 17 

5,100 00 

3,583 70 

21,143 75 

31,197 50 

22,018 75 

54,862 50 

24,968 75 

19,062 50 

20,208 33 

8,110 00 

29,845 00 

9,750 00 

13,662 50 

5,800 00 

16,468 75 

5,475 00 

15,138 75 

15,374 89 

14,755 84 

4,737 50 

4,216 67 

11,600 00 

10,075 00 

10,075 00 

26,040 00 

19,900 00 

9,712 50 

5,762 50 

16,106 94 

7,973 37 

38,225 00 

14,537 50 



|20,000 00 
4,000 00 

25,000 00 

1,500 00 



$67,715 00 $50,500 00 



00 
00 
00 
00 
00 



Market Value. 

$5,000 00 

5,050 00 

11,100 00 

5,100 00 

3,000 00 

23,310 00 

32,300 00 

25,500 00 

54,500 00 

25,000 00 

20,200 00 

20,600 00 

8,400 

29,450 

11,300 

13,800 

5,700 

15,400 00 

5,61,0 00 

15,000 00 

15,150 00 

14,850 00 

4,750 00 

4,200 00 

11,200 00 

10,000 00 

10,000 00 

26,050 00 

2",S00 00 

10,100 00 

5,950 00 

16,060 00 

11,200 00 

42,000 00 

14,850 00 



138 



THE CAPITAL FIRE INSURANCE CO. 



300 shares West Jersey & Seashore R.R., 
100 " Philadelphia Co., . 
100 " United N. J. It R. & Canal Co., 
100 " Phil., Germ & Norrist'n R.R. Co., 

20 " Morris Canal & Banking Co., 
400 " Camden Horse R.R. Co, . 
Camden County, N. J, bonds, . 

Ocean City, N. J, bonds 

Seaboard Air Line R.R. bonds, 
West Jersey & Seashore R.R. bonds, 
South Jersey Gas, Electric & Tract, bonds, 
Newark Passenger R.R. bonds, 
Trenton Gas & Electric Co. bonds, . 
Newark Con. Gas Co. bonds, . 

25 shares General Asphalt Co., 
100 " Consolidated Lake Superior Co, 



Book Value. 

$31,239 25 

4,712 50 

27,194 63 

16,900 00 

3,500 00 

56,189 99 

107,500 00 

5,081 10 

25,340 97 

9,729 31 

10,434 72 

11,727 78 

10,665 28 

10,830 55 

4,262 50 

7,962 50 



Market Value. 

|32,500 00 

4,500 00 

27,500 0(5 

16,000 00 

3,400 00 

56,400 

107,000 

5,000 

25,000 

9,600 

10,300 

11,500 00 

10,600 00 

10,900 00 

1,000 00 

1,500 00 



00 
00 
00 
00 
00 
00 



,537 07 $885,060 00 



"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, 

N. H„" CONCORD, N. H. 

[Incorporated March 10, 1886. Commenced business March 19, 1886.] 
Paid-up Capital, $200,000. 
LYMAN JACKMAN, President. CHAELES L. JACKMAN, Secretary. 

Home Office, 2 South Main Street. 



Income. 

Net fire premiums, 

Interest on mortgage loans, $7,506.78 ; collaterals, 
and bonds, $9,138.26, ... 

Rents, 

Profit on sale or maturity of ledger assets, 
From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1903, .... 

Total, 



>5 ; stocks 



$284,637 61 

16,740 04 

6,245 22 

312 50 

392 50 

$308,327 87 

446,090 75 

$754,418 62 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc , of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $1,121 .63 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

Borrowed money, 

All other disbursements, 

Total disbursements, 

Balance, 



$8,096.32, 



$128,291 58 

8,000 00 

64,613 39 

17,530 24 

700 16 

1,394 44 

9,217 95 

1,699 22 

12,500 00 

9,546 21 

$253,493 19 

$500,925 43 



THE CAPITAL FIRE INSURANCE CO. 



139 



Ledger Assets. 

Real estate, $94,486.14; mortgages, $112,901.15, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 



$207,387 29 

1,700 00 

235,741 85 

24,156 52 

31,939 77 

$500,925 43 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $1,688.23; stocks and bonds, $674.16 ; col- 
lateral loans, $9.91, 

Rents due and accrued on company's property, 

Market value of real estate over book value, . 

Market value of stocks and bonds over book value, 



Gross assets, 



2,372 30 

853 50 

10,713 86 

10,465 15 

$525,330 24 



Liabilities. 

Unpaid losses, including $4,000 resisted, $33,053.79 ; less re- 
insurance, $5,490.21, $27,563 58 

Unearned premiums on outstanding risks, $216,877.49; plus 

same on disallowed reinsurance, $2.16, .... 216,879 65 

Salaries and other miscellaneous expenses, due or accrued, . 4,548 24 

All liabilities, except capital and surplus, . . . $248,99147 
Surplus to policy holders, .... $276,338 77 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 76,338 77 

Total liabilities, $525,330 24 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $33,287,415 00 $395,310 98 
. 29,362,087 00 381,631 42 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $62,649,502 00 $776,942 40 
. 24,687,001 00 311,165 09 



.$37,962,501 00 $465,777 31 
. 3,483,954 00 52,356 37 



.$34,478,547 00 $413,420 94 



Miscellaneous. 

Premiums received from organization of compan}-, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), . 
Company's stock owned by directors, . . . 



. $3,720,708 00 


. 1,672,655 


00 


142,309 


00 


121,614 


00 


8,000 


00 


55,000 


00 



140 



THE CAPITAL FIRE INSURANCE CO. 



Schedule A. 

Securities held as Collateral. 



10 shares National Bank, Lebanon, N. H , 
10 " Iowa Loan & Trust Co., . 



Market Value. 

$1,250 00 
1,350 00 



Loaned Thereon. 

$1,700 00 



Schedule B. 
Stocks and Bonds owned by the Company. 



City of Concord, N. H., bonds, . 
City of Dover, N. H., bonds, 
City of Portsmouth, N. H., bonds, . 
Town of Montrose, Col , bonds, 
City Water Co., Merrill, Wis., bonds, 
Winfield Water Co., Winfield, Kan., bonds, 
Grand Fork Gas & Electric Co. bonds, . 
Denver Consolidated Electric Co. bonds, . 
Denver Consol. Gas & Electric Co. bonds, 
Denver Gas & Elec. Co. prior lien, . 
Nebraska Loan & Trust Co. bonds, . 
New Hampshire Trust Co. bonds, . 
Central Loan & Debenture Co. bonds, 
American Bell Telephone Co. bonds, 
American Tel. & Telegraph Co. bonds, . 
Western Union Telegraph Co. bonds, 
Northern Pacific-Gt. Northern joint bond, 
St. Louis & San Francisco R.R. Co. bonds, 
Pere Mar. R.R. Co. of Ind. bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Chicago, Cin. & Louisville R.R. bonds, . 
N. Y. Central & Hud. River R.R. Co.. bonds, 
Southern Indiana R'y Co. bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
60 shares Concord & Montreal R.R., 
60 " Pennsylvania R.R., . 
50 " Illinois Central R.R., 
35 " Atchison, Topeka & Santa Fe R.R., 
30 " Ch. June. R.R. & Union St. Yards, 
10 " Manhattan Elevated R.R., 
1 share Amoskeag Mfg. Co., 

2 shares Nashua Mfg. Co., 

7 " Amory Mfg. Co., 
10 " Nat'l Bank, Lebanon, N. H., 
10 " N'l State Capital B'k, Cone, N 
25 " Page Belting Co., 
25 " Prescott Piano Co., 
30 " Pullman Palace Car Co., . 
87 " Concord Real Estate Co., . 
30 " Mo. & Kan. Telephone Co., 
10 " Amer. Telephone & Tel. Co., 
20 " Western Union Telegraph Co., 
10 " Denver Gas & Electric Co., 
20 " Mergenthaler Linotype Co., 
20 " Massachusetts Electric Co., 
35 " American Woolen Co., 



H., 



00 
00 
00 
00 
00 
00 



Book Value. 

$32,000 00 

26,487 50 

41,200 00 

800 00 

5,000 00 

3,000 00 

3,000 

1,000 

4,400 

1,800 
400 

2,650 

2,500 00 

1,987 50 

4,793 75 

7,315 00 

7,705 00 

1,775 

1,900 

1,957 

4,900 00 

2,970 00 

2,775 

2,842 

9,033 

4,256 

7,262 

3,526 

3,537 

1,396 

1,500 

1,162 

1,148 

1,200 

2,350 

1,250 

2,500 

3,033 50 

8,700 00 

3,075 00 

1,262 50 

1,787 50 

3,690 00 
1,455 00 
2,740 00 



00 
00 
50 



00 
50 
30 
25 
50 
25 
50 
25 
00 
50 
80 
00 
00 
00 
00 



Market Value. 

$33,310 00 

27,040 00 

41,800 00 

800 00 

5,000 00 

3,000 00 

3,000 00 

1,000 

4,400 

2,020 
400 

2,520 

1,918 

1,960 

4,875 

7,315 

7,920 

1,800 

2,000 

2,020 

5,050 

3,000 

2,850 

2,820 
11,100 

4,140 

7,800 

3,535 

3,780 

1,650 

1,952 

1,230 
847 

1,250 

2,350 

1,250 

2,500 

6,540 

8,700 

3,075 

1,460 

1,860 00 
340 00 

3,800 00 

1,180 00 

3,220 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 141 

Book Value. Market Value. 

20 shares American Locomotive Co., . . $1,970 00 $2,080 00 

10 " Amer. Agricul. Chemical Co., . . 832 50 860 00 

60 " United States Shoe Machinery Co., . 1,913 75 1,890 00 



$235,741 85 |246,207 00 



"THE CENTRAL MANUFACTURERS 1 MUTUAL INSURANCE 
COMPANY," VAN WERT, OHIO. 

[Incorporated April 7, 1876. Commenced business Oct. 2, 1876.] 

H. V. OLNEY, President. F. W. PURMORT, Secretary. 

Home Office, 100 East Main Street. 

Income. 

Net premiums, .... $199,736 20 

Interest on mortgage loans, f 2,598. 72 ; bonds, $1,273.04; all 

other, $602.27, " 4,474 03 

Total income, $204,210 23 

Ledger assets, Dec. 31, 1903, 142,656 83 

Total, $346,867 06 

Disbursements. 

Net amount paid for losses, $94,958 43 

Profits on terminated policies, 23,132 29 

Commissions or brokerage, 29,486 55 

Salaries, fees, etc., of officers and employees, .... 9,435 87 

Rents, 250 00 

Taxes and fees, 3,349 93 

All other disbursements, 8,360 03 

Total disbursements, $168,973 10 

Balance, $177,893 96 

Ledger Assets. 

Mortgages, $82,375 50 

Bonds (Schedule A) 56,740 00 

Cash in banks and office, 20,159 10 

Agents 1 balances, 18,619 36 

Total ledger assets, $177,893 96 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $1,386.68; bonds, $136.03, .... 1,52271 

Market value of bonds over book value, 2,517 00 

(iross assets, $181,933 67 



142 citizens' insurance co. 



Liabilities. 

Unpaid losses, including $1,03.2 resisted, .... f 10,816 90 

Unearned premiums on outstanding risks, $ 95,352. 47 ; plus 
same on disallowed reinsurance, $57.13, .... 95,409 60 



All liabilities, except surplus, $106,226 50 

Surplus, 75,707 17 



Total liabilities, $181,933 67 

Risks and Premiums. 

Amount. Cash Pre m' e. Conting't Prem's. 

Risks outstanding Dec. 31,1903, $7,539,627 00 $157,374 65 $821,63185 

Risks written during 1904, . 11,237,236 00 239,753 41 1,215,657 15 



Total $18,776,863 00 $397,128 06 $2,037,289 00 

Risks expired and terminated, . 9,906,464 00 206,308 87 1,060,203 30 



In force at end of year, . . $8,870,399 00 $190,819 19 $977,085 70 
Amount reinsured, . . . 4,500 00 114 25 571 25 



Net amount in force,. . $8,865,899 00 $190,704 94 $976,514 45 

Miscellaneous. 

Losses incurred during the year, . . . . . . $94,923 00 

Profits or surplus returned during 1901, 20 per cent. 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $50,400 00 $52,917 00 

Ohio city bonds, 1,800 00 1,800 00 

Van Wert street improvement bonds, . . 4,540 00 4,540 00 



$56,740 CO $59,257 00 



"CITIZENS 1 INSURANCE COMPANY OF MISSOURI," 
ST. LOUIS, MO. 

[Incorporated February, 1837. Commenced business 1S37.] 

Paid-up Capital, $200,000. 

SOL. E. WAGGONER, President. JOHN II. CARR, Secretary. 

Home Office, Central Building. 

Income. 

Net fire premiums, $471,601.57; marine, $137.61,. . . $471,739 18 
Interest on mortgage loans, $13,493.53 ; bonds, $11,530, . 25,023 53 



Total income $496,762 71 

Ledger assets, Dec. 31, 1903, . .' 730,18121 



Total, $1,226,943 92 



citizens' INSURANCE CO. 



143 



Disbursements. 

Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Real estate taxes, $12.70 ; other taxes and fees, $ 16,708. 99, 
All other disbursements, 

Total disbursements, 

Balance, 



$335,792 33 
85,575 95 
37,826 16 
2,180 29 
16,721 69 
35,221 91 

$513,318 33 

$713,625 59 



Ledger Assets. 

Real estate, $4,877 ; mortgages, $244,700, 

Bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Total ledger assets, 



$249,577 00 

256,615 00 

113,441 63 

93,991 96 

$713,625 59 



Non-Ledger Assets. 



Interest accrued : — 
On mortgages, $3,357 ; bonds, $2,620, 
Market value of bonds over book value, 

Gross assets, .... 



5,977 00 
6,415 00 

$726,017 59 



Liabilities. 

Unpaid losses, including $5,719.27 resisted, $150,405.95 ; less 
reinsurance, $110,842.83, 

Unearned premiums on outstanding risks, $332,498.18; plus 
same on disallowed reinsurance, $4,237.76, .... 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$349,718 53 



$39,563 12 
336,735 94 

$376,299 06 

200,000 00 
149,718 53 

$726,017 59 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks written during 1904, . 
Risks expired and terminated, . 



$143,815,536 00 
. 148,481,228 00 

$292,296,764 00 
. 116,015,010 00 

$176,281,754 00 
. 128,888,651 00 



Premiums. 

$2,031,203 06 
2,124,177 68 

$4,155,380 74 
1,759,164 51 

$2,396,216 23 
1,761,311 23 



. $47,393,103 00 $634,905 00 



$94,732 00 
94,732 00 



$458 72 
458 72 



144 



THE COLONIAL ASSURANCE CO. 



Miscellaneous. 

Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Company's stock owned by directors, .... 

Schedule A. 
Bonds owned by the Company. 



Southern Pacific R.R. bonds, . 
Brooklyn Union Elevated R'y bonds, 
Elgin, Joliet & E. R'y bonds, . 
Chesapeake & Ohio R'y bonds, 
International & Great Northern R.R. bonds, 
Missouri Pacific R.R. bonds. 



Book Value. 

$54,875 00 
50,500 00 
28,500 00 
47,500 00 
57,765 00 
17,475 00 



$4,813,783 00 
333,303 00 
985,798 00 
165,000 00 
199,800 00 



Market Value. 

$55,000 00 

54,500 00 

29,000 00 

47,600 00 

58,080 00 

18,850 00 



$256,615 00 $263,030 00 



"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated June 15, 1896. Commenced business July 15, 1896.] 

Paid-up Capital, $200,000. 

LEO H. WISE, President. E. E. HALL, Secretary. 

Home Office, 45 Cedar Street. 

Income. 

Net fire premiums, $481,296 41 

Interest on bonds, 15,345 07 

Profit on sale or maturity of ledger assets, .... 6,025 00 

Total income, '. $502,666 48 

Ledger assets, Dec. 81, 1903, 580,132 41 

Total, $1,082,798 89 

Disbursements. 

Net amount paid for fire losses, $300,508.91; marine, 

$1,570.88 $302,079 79 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 158,978 42 

Salaries, fees, etc., of officers and employees, .... 3,375 00 

Taxes and fees 13,348 03 

Loss on sale or maturity of ledger assets, .... 4,200 00 

All other disbursements, 1,197 06 

Total disbursements, $493,178 30 

Balance, $589,620 59 

Ledger Assets. 

Bonds (Schedule A) $459,000 00 

Cash in banks, 44,623 05 

Agents' balances, 85,997 54 

Total ledger assets, $589,620 59 



THE COLONIAL ASSURANCE CO. 



145 



Non-Ledger Assets. 
Interest due and accrued on bonds, . 



1,229 17 



Gross assets, 

Assets not admitted. 
Depreciation in book value of bonds, 



Total admitted assets, 



Liabilities. 



Unpaid losses, $44,663 ; less reinsurance, $1,797.55, 
Unearned premiums on outstanding risks, $259,732.59 ; plus 

same on disallowed reinsurance, $ 1,697.01, 
Due for return premiums, $17,707.92 ; reinsurance, $3,168.78, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$263,928 01 



Total liabilities, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 



. $38,549,845 00 

. 44,926,685 00 

. $83,476,530 00 

. 45,240,829 00 

. $38,235,701 00 

. 1,183,218 00 



$592,849 76 

3,750 00 
$589,099 76 

$42,865 45 

261,429 60 
20,876 70 

$325,171 75 

200,000 00 
63,928 01 

$589,099 76 



Premiums. 

$531,918 41 
617,339 57 

1,149,257 98 
622,557 27 

$526,700 71 
14,504 44 



Net amount in force, . 



. $37,052,483 00 $512,196 27 



Miscellaneous. 



Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (5 per cent.), . 

Company's stock owned by directors, .... 

Schedule A. 

Bonds owned by the Company. 

Book Value. 

United States bonds, $138,750 00 

New York State bonds, 100,000 00 

New York City bonds, 193,500 00 

Brooklyn City East River Bridge bonds, . 26,750 00 



$2,894,846 00 

2,127,679 00 

310,442 00 

516 00 

44,000 00 

10,000 00 

99,200 00 



Market Value. 

$138,750 00 

100,000 00 

191,000 00 

25,500 00 



$459,000 00 $455,250 00 



146 



THE COLONIAL FIRE INSURANCE CO. 



"THE COLONIAL FIRE INSURANCE COMPANY OF THE 
DISTRICT OF COLUMBIA," WASHINGTON, D. C. 

[Incorporated Dec. 12, 1899. Re-incorporated Feb. 11, 1902. Commenced business 

Feb. 7, 1900.] 

Paid-up Capital, $200,000. 

S. W. WOODWARD, President. E. QUINCY SMITH, Secretary. 

Home Office, 1410 New York Avenue, N. W. 



Income. 



Net fire premiums, 

Interest on mortgage loans, $8,982.16 ; collaterals, $ 606. 17 

bonds, $2,971.54; all other, $14.47 

Rents, 

Profit on sale or maturity of ledger assets, 

From all other sources, 



$146,998 65 

12,574 34 

120 00 

1,155 34 

16 64 



Total income, $160,864 97 

Ledger assets, Dec. 31, 1903, 296,194 24 

Total, $457,059 21 



Disbursements. 

Net amount paid for fire losses, $85,679 95 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 39,792 27 

Salaries, fees, etc., of officers and employees, . . . 6,150 00 

Rents 1,050 00 

Repairs and expenses on real estate, 75 51 

Real estate taxes, $33.88 ; other taxes and fees, $2,829.79, . 2,863 67 

All other disbursements, 4,320 82 

Total disbursements $149,932 22 

Balance, $307,126 99 



Ledger Assets. 

Real estate, $2,161.09; mortgages, $193,809.64, . . . $195,970 73 

Loans secured by collateral (Schedule A), .... 9,47500 

Bonds (Schedule B) 75,578 68 

Cash in banks and office, ........ 14,981 87 

Agents 1 balances, 10,786 15 

All other ledger assets, 334 56 

Total ledger assets, $307,126 99 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,123; bonds, $458.36; collateral loans, 

$23.23, ...• 3,604 59 

Home office premiums written subsequent to Oct. 1, 1904, . 457 51 

All other, 6,131 08 



Gross assets, 



$317,320 17 



THE COLONIAL FIRE INSURANCE CO. 



147 



Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $10,000 liability thereon, 
Total unadmitted assets, .... 

Total admitted assets, .... 



$63 84 
259 93 



f 323 77 
$316,996 40 



Liabilities. 

Unpaid losses, including $700 resisted, 

Unearned premiums on outstanding risks, $88,175.43 ; plus 

same on disallowed reinsurance, $257.07, 
Commissions and other charges due agents and brokers, 

Due for reinsurance premiums, 

Miscellaneous, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, 



$209,293 26 



$12,769 12 

88,432 50 

106 19 

356 48 

6,038 85 

$107,703 14 

200,000 00 
9,293 26 



Total liabilities, $316,996 40 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

.$12,857,857 00 $136,608 13 
. 12,303,602 00 191,615 63 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$25,161,459 00 $328,223 76 
. 10,984,720 00 156,105 72 



$14,176,739 00 $172,118 04 
1,118,401 00 10,122 73 



.$13,058,338 00 $161,995 31 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



$560,697 00 
236,011 00 
89,448 00 
20,000 00 
10,000 00 
82,800 00 



Schedule A. 
Securities held as Collateral. 



30 shares N'l Metro. B'k, Washington, D. C, 
436 " American Graphophone Co., . 
7 " Union Sav. B'k, Washington, D. C, 



Market Value. 

$21,750 00 
1,526 00 
1,260 00 



Loaned Thereon. 

$7,500 00 

1,100 00 

875 00 



$24,536 00 $9,475 00 



148 COLUMBIA INSURANCE CO. 



Schedule B. 
Bonds owned by the Company. 

Book Value. Market Value. 

Norfolk, Va., city bonds, $10,259 93 $10,259 93 

New York city bonds 54,875 00 54,875 00 

U. S. Electric Light bonds 10,443 75 10,443 75 



$75,578 68 $75,578 68 



" COLUMBIA INSURANCE COMPANY," JERSEY CITY, N. J. 

[Incorporated March 21, 1901. Commenced business March 21, 1901.] 

Paid-up Capital, $400,000. 

GEO. F. CRANE, President. H. HALTERMANN, Secretary. 

Home Office, 15 Exchange Place. 

Income. 

Net marine premiums, $71,283 04 

Interest, 17,231 09 

From all other sources, 14 17 



Total income, $88,528 30 

Ledger assets, Dec. 31, 1903, 521,136 01 

Total, $609,664 31 

Disbursements. 

Net amount paid for marine losses, $66,485 55 

Commissions or brokerage, ....... 8,947 42 

Salaries, fees, etc , of officers and employees, .... 6,450 00 

Taxes and fees, 2,030 26 

All other disbursements, 4,156 35 



Total disbursements, . . $88,069 58 



Balance, $521,594 73 

Ledger Assets. 

Bonds (Schedule A), $480,688 13 

Cash in banks and office, 29,549 24 

Agents 1 balances, 11,357 36 

Total ledger assets, $521,594 73 

Non-Ledger Assets. 

Interest accrued on bonds, 4,465 00 

Due from reinsurers, 102 79 

Gross assets, $526,162 52 



COLUMBIA INSURANCE CO. 



149 



Assets not admitted. 



Agents' balances over three months due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$2,004 95 
20,989 38 



$22,994 33 
$503,168 19 



Liabilities. 

Unpaid losses, including f 6,500 resisted, $25,841 . 82 ; less rein- 
surance, $100, 

Unearned premiums on outstanding risks, $30,633.80; plus 
same on disallowed reinsurance, $30, 

Commissions and other charges due agents and brokers, 

Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$141,428 17 



$25,741 82 

30,663 80 

800 26 

4,534 14 



,740 02 



400,000 00 
41,428 17 



Total liabilities, $503,168 19 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$3,204,567 00 

5,677,110 00 

$8,881,677 00 

4,826,518 00 

$4,055,159 00 

78,255 00 



Premiums. 

$83,627 90 
103,059 11 

$186,687 01 
118,676 38 

$68,010 63 
6,743 03 



$3,976,904 00 $61,267 60 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$364,844 00 

246,800 00 

66,136 00 

26,000 00 

700 00 



Schedule A. 

Bonds owned by the Company. 



City of Jersey City bonds, 

City of New York bonds, .... 

City of Binghamton bonds, 

City of Buffalo bonds, .... 

North Pacific & Great Northern R.R. bonds, 

New York Central R.R. bonds, 

St. Louis, Iron Mountain R.R. bonds, 

Chicago & Northwestern R.R. bonds, 



Book Value. 

$116,375 00 
187,610 63 
53,812 50 
62,925 00 
18,100 00 
9,600 00 
18,475 00 
13,790 00 



Market Value. 

$108,750 00 
177,968 75 
50,000 00 
60,300 00 
19,800 00 
9,950 00 
19,000 00 
13,930 00 



$480,688 13 $459,698 75 



150 COMMERCE INSURANCE CO. 



" COMMERCE INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 

Paid-up Capital, $200,000. 

GARRET A. VAN ALLEN, President. ADDISON J. HINMAN, Secretary. 

Home Office, 57 State Street. 

Income. 

Net fire premiums, $206,641 76 

Interest on mortgage loans, $1,965.80; collaterals, $148.38 ; 

stocks and bonds, $10,294.58; all other, f 1,1 11. 68, . . 13,520 44 

Rents, 7,524 18 

Profit on sale or maturity of ledger assets, .... 2,290 72 



Total income, $229,977 10 

Ledger assets, Dec. 31, 1903, 437,906 13 



Total, $667,883 23 

Disbursements. 

Net amount paid for fire losses, $104,549 33 

Interest and dividends to stockholders, 16,000 00 

Commissions or brokerage, 50,215 23 

Salaries, fees, etc., of officers and employees, .... 14,602 70 

Repairs and expenses on real estate, 1,024 17 

Real estate taxes, $ 2,030. 20; other taxes and fees, $9,504. 39, . 11,534 59 

All other disbursements, 7,708 00 



Total disbursements, $205,634 02 



Balance, $462,249 21 



Ledger Assets. 

Real estate, $77,000 ; mortgages, $44,300, 

Loans secured by collateral (50 shares United Trac. Co.), 

Stocks and bonds (Schedule A), ..... 

Cash in banks and office, 

Agents' balances, 



$121,300 00 

5,000 00 

264,250 00 

51,672 03 

20,027 18 



Total ledger assets, $462,249 21 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $450; stocks and bonds, $2,245.93, . . . 2,695 93 

Rents accrued on company's property, 849 97 

Market value of stocks and bonds over book value, . . 9,512 50 



Gross assets, $475,307 61 



COMMERCE INSURANCE CO. 



151 



Liabilities. 

Unpaid losses, including $ 2,300 resisted, $24,604 ; less rein- 
surance, f 1,858 $22,746 00 

Unearned premiums on outstanding risks, $140,075.78; plus 

same on disallowed reinsurance, $8,510.31, . . . . 148,586 09 

Due for reinsurance premiums, 242 57 

All liabilities, except capital and surplus, . . . $17 1,574 66 
Surplus to policy holders, .... $303,732 95 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 103,732 95 

Total liabilities, $475,307 61 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$25,185,817 00 $277,158 39 
21,419,966 00 250,540 60 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$46,605,783 00 $527,698 99 
19,766,875 00 238,218 97 



$26,838,908 00 $289,480 02 
1,330,113 00 15,964 36 



!5,508,795 00 $273,515 66 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared f i om organization of company 

Dividends declared during the year (8 per cent.), . 

Company's stock owned by directors, 



^6,560,405 00 

4,086,532 00 

114,626 

984,000 

16,000 

72,850 



00 
00 
00 
00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

New York City bonds, $94,250 00 $96,842 50 

Albany city bonds, 73,500 00 73,500 00 

Brooklyn, N. Y., bonds, 10,000 00 10,250 00 

Albany county bonds, 10,000 00 10,100 00 

150 shares First NatH Bank, Albany, N. Y., . 15,000 00 15,000 00 

50 " Nat'l Bank of Cohoes, N. Y., . . 5,000 00 8,750 00 

500 " Western Union Telegraph Co., . 45,000 00 46,500 00 

5 " Underwriters' Salvage Corp , N. Y., 500 00 500 00 

110 " United Traction Co., . . . 11,000 00 12,320 00 



$264,250 00 $273,762 50 



152 THE COMMERCIAL UNION FIRE INSURANCE CO. 



"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF 

NEW YORK," N. Y. 

[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.] 

Paid-up Capital, $200,000. 

A. H. WRAY, President. C. J. HOLMAN, Vice-President and Secretary. 

Home Office, 58 William Street. 

Income. 

Net fire premiums, $240,968 90 

Interest on stocks and bonds, 13,011 67 



Total income, $253,980 57 

Ledger assets, Dec. 31, 1903, 439,21101 

Total $693,191 58 



Disbursements. 

Net amount paid for fire losses, $126,887 25 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 55,044 85 

Salaries, fees, etc., of officers and employees, .... 3,709 84 

Taxes and fees, 5,562 86 

All other disbursements, 5,656 69 

Total disbursements, $206,861 49 



Balance, $486,330 09 



Ledger Assets. 

Stocks and bonds (Schedule A), $392,852 50 

Cash in banks and office, 31,555 39 

Agents 1 balances, 59,640 45 

Reinsurance due on losses paid, 2,281 75 

Total ledger assets, $486,330 09 



Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . 3,595 25 



Gross assets, $489,925 34 

Assets not admitted. 
Agents 1 balances over three months due, . . . . 128 93 



Total admitted assets, $489,796 41 



THE COMMERCIAL UNION FIRE INSURANCE CO, 



153 



Liabilities. 

Unpaid losses, including $4,500 resisted, $28,814; less rein- 
surance, $3,464, $25,350 00 

Unearned premiums on outstanding risks, $156,869.62 ; plus 

same on disallowed reinsurance, $240.43, .... 157,110 05 

Commissions and other charges due agents and brokers, . 5,917 34 

Due for return premiums, $138.09 ; reinsurance, $6,950.53, . 7,088 62 

Reserve for contingencies, 10,000 00 

All liabilities, except capital and surplus, . . . $205,466 01 
Surplus to policy holders, .... $284,330 40 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 84,330 40 

Total liabilities, $489,796 41 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



.$28,616,767 00 
. 33,381,393 00 

. $61,998,160 00 
. 27,727,852 00 

. $34,270,308 00 
. 8,737,772 00 



Premiums. 

$329,581 67 
387,023 27 

$716,604 94 
323,240 76 

$393,364 18 
98,629 75 



>5,532,536 00 $294,734 43 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (5 per cent ), . 

Company's stock owned by directors, 



,294.222 00 

690,428 00 

135,307 00 

89,000 00 

10,000 00 

6,500 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, 

New York City bonds, 

New York City bonds, 

Atchison, Topeka & Santa Fe R.R. bond 

Southern R'y Co. bonds, . 

Missouri Pacific R'y Co. bonds, 

St Louis Southwestern R'y Co. bonds, 

Michigan Lake Superior Power Co. bonds, 

Western Union Telegraph Co. bonds, 

( hie , Milwaukee & St. Paul R.R. stock, 

Southern R'y Co. stock, . 

Second Ave. R.R. Co.. N. Y., stock, . 

Manhattan Elevated R'y Co. stock, . 



00 
00 
25 
00 



Hook Value. 

$23,241 25 

201,920 
13,715 
10,161 

8,650 
20,925 00 
13,893 75 

9,250 00 
26,068 75 
16,112 50 

9,312 50 
26,740 00 
12,862 50 



Market Value. 

$26,200 00 

196,750 00 

13,130 CO 

10,100 00 

9,660 00 
21,700 00 
14,775 00 

7,000 00 
26,156 
18,500 

9,687 
2(1,289 
16,500 



25 

00 

:>o 
00 
00 



$392,852 50 $396,447 75 



154 



THE COMMONWEALTH INSURANCE CO. 



"THE COMMONWEALTH INSURANCE COMPANY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.] 

Paid-up Capital, $500,000. 

CHARLES S. BARTOW, President. JOHN M. DAGGETT, Secretary. 

Home Office, 67 William Street. 

Income. 

Net fire premiums, $363,171 55 

Interest on mortgage loans, $8,370.49; stocks and bonds, 



$40,283.64, 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1903, . 

Total, 

Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Cash paid for redemption of scrip, . 

Interest paid to scrip holders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 

Mortgages, 

Stocks and bonds (Schedule A). 
Cash in banks and office, . 
Agents' balances, .... 
Office premiums in course of collection, 



48,654 13 
14,626 50 

$426,452 18 
1,244,621 35 

$1,671,073 53 



$193,921 19 

40,000 00 

7,019 00 

1,156 75 

57,890 10 

33,479 00 

4,292 00 

11,678 49 

12,415 38 

£361,88191 

§1,309,191 62 



$205,000 00 

1,005,589 95 

56,078 17 

12,807 63 

29,715 87 



Total ledger assets, $1,309,191 62 



Non-Ledger Assets. 



Interest accrued on mortgages, 
All other, 

Gross assets, 



2,812 92 
4 43 



Liabilities. 



$1,312,008 97 
$19,686 10 



Unpaid losses, 

Unearned premiums on outstanding risks, $232,286.66; plus 

same on disallowed reinsurance, $106.32, .... 232,392 98 



THE COMMONWEALTH INSURANCE CO. 



155 



Salaries and other miscellaneous expenses, due or accrued, . $4,700 00 

Commissions and other charges due agents and brokers, . 3,669 48 

Due for return premiums, 1,331 24 

Reserve for contingencies, 89,469 52 

All liabilities, except capital and surplus, . . . $351,249 32 
Surplus to policy holders, .... $960,759 65 

Paid-up capital 500,000 00 

Surplus over capital and general liabilities, .... 460,759 65 

Total liabilities, $1,312,008 97 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total • 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$36,892,383 00 
44,770,479 00 

$81,662,862 00 
38,100,762 00 

$43,562,100 00 
1,085,600 00 



Premiums. 

$395,122 49 
437,690 90 

$832,813 39 
384,181 46 

$448,631 93 
6,283 86 



$42,476,500 00 $442,348 07 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$3,961,507 00 

2,139,672 00 

197,435 00 

426,000 00 

40,000 00 

264,300 00 



175 sha 
120 
200 
500 
1,000 
100 
800 
100 
500 
200 

70 

50 
115 
100 
220 
100 
100 

13 

70 

50 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

es American Surety Co., . . . $15,750 00 $15,750 00 

American Sugar Refining Co., . 12,120 00 12,120 00 

American Telegraph & Cable Co., 18,025 00 18,025 00 

American Tel. & Telegraph Co., . 68,750 00 68,750 00 

Brooklyn City R.R. Co., . . 18,725 00 18,725 00 

Chicago, Mil. & St. Paul R'y Co., 15,175 00 15,175 00 

Chicago & Northwestern R'y Co., 137,975 00 137,975 00 

Ch., St. PI, Minn. & Om. R'y Co., 10,162 60 10,162 50 

Consolidated Gas Co., N. Y., . 94,625 00 94,625 00 

The Great Northern R'y Co., . 37,925 00 37,925 00 

Hocking Valley R'y Co., . . 6,510 00 6,510 00 

Kan. C'y, St. L. & Chic. R.R. Co., 6,818 75 6,818 75 

The Manhattan Ry Co., . 16,114 38 16,114 38 

N. Y. Cent. & Hud. R. R.R. Co., . 14,200 00 14,200 00 

N. Y., N. H. & Hartford R.R. Co., 43,780 00 43,780 00 

The Pullman Co 15,300 00 15,300 00 

Rome, Watert'n & Og. R.R. Co., . 11,087 50 11,087 50 

Rank of America 3,401 25 3,401 25 

Corn Exchange Bank, . . . 21,000 00 21,000 00 

German-American Bank, . . 4,537 50 4,537 50 



156 THE CONCORDIA FIRE INSURANCE CO. 



17 shares The Manhattan Co., . 

50 " Merchants' National Bank, 

32 " Nat'l Bank of Commerce, 

25 " National Park Bank, 

50 " N. Y. Produce Exchange Bank, 

United States bonds, 

New York City bonds, .... 
Missouri, Kansas & Texas R'y Co. bonds, 
Brooklyn Union Gas Co. bonds, 



Book Value. Market Value. 

$1,672 32 $1,672 32 

3,625 00 3,625 00 

4,107 00 4,107 00 

13,250 00 13,250 00 

8,896 25 8,896 25 

5,240 00 5,240 00 

390,000 00 390,000 00 

3,037 50 3,037 50 

3,780 00 3,780 00 



$1,005,589 95 $1,005,589 95 



"THE CONCORDIA FIRE INSURANCE COMPANY OF 
MILWAUKEE," MILWAUKEE, WIS. 

[Incorporated March 7, 1870. Commenced business March 22, 1870.J 

Paid-up Capital, $200,000. 

GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary. 

Home Office^ Corner West Water and Wells Streets. 

Income. 

Net fire premiums, $697,710 65 

Interest on mortgage loans, $22,837.68; bonds, $15,017.94, . 37,855 62 

Rents, 1,455 28 

Premiums previously reported uncollectible, .... 43 87 

Total income, $737,065 42 

Ledger assets, Dec. 31, 1903, 975,676 02 



Total, $1,712,741 44 

Disbursements. 

Net amount paid for fire losses, . . . . . . $322,017 47 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, 209,294 47 

Salaries, fees, etc., of officers and employees, .... 32,260 00 

Rents, 2,370 00 

Repairs and expenses on real estate, 340 61 

Real estate taxes, $220.59 ; other taxes and fees, $30,711.50, 30,932 09 

Loss on sale or maturity of ledger assets, .... 1,900 00 

Uncollectible premiums, 63 68 

All other disbursements, 44,570 38 



Total disbursements, $655,748 70 



Balance, $1,056,992 74 

Ledger Assets. 

Real estate, $16,492.04; mortgages, $509,780, . . . $526,272 04 

Bonds (Schedule A), 362,298 18 

Cash in banks and office, 48,792 68 

Agents 1 balances, 119,629 84 

Total ledger assets, $1,056,992 74 



THE CONCORDIA FIRE INSURANCE CO. 



157 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $4,472.47 ; bonds, $ 7,321. 01, . 
Market value of real estate over book value, . 
Reinsurance due on losses paid, 

Gross assets, 



$11,793 48 

507 96 

8,042 00 

$1,077,336 18 



Assets not admitted. 
Depreciation in book value of bonds, 

Total admitted assets, .... 



6,324 26 
$1,071,011 92 



Liabilities. 

Unpaid losses, including $5,300 resisted, $80,223.63 ; less re- 
insurance, $22,659.68, . . .' 

Unearned premiums on outstanding risks, $609,770.89 ; plus 
same on disallowed reinsurance, $1,613. 16, . 

Due for reinsurance premiums, 



Total 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$385,681 74 



$57,563 95 

611,384 05 
16,382 18 

$685,330 18 

200,000 00 
185,681 74 



Total liabilities, $1,071,011 92 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$122,428,412 00 
. 83,977,298 00 

$206,405,710 00 
. 76,943,535 00 

$129,462,175 00 
. 21,569,095 00 



Premiums. 

$1,412,557 53 
1,046,244 64 

$2,458,802 17 
974,859 10 

$1,483,943 07 
289,574 72 



$107,893,080 00 $1,194,368 35 



Miscellaneous. 

Premiums received from organization of company, . . $9,869,733 00 

Losses paid from organization of company, .... 5,138,432 00 

Fire losses incurred during the }'ear, 325,871 00 

Cash dividends declared from organization of company, . 351,667 00 

Dividends declared during the year (6 per cent.), . . . 12,000 00 

Company's stock owned by directors, . . . . . 108,400 00 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

Cincinnati, Ohio, bonds, $44,000 00 $41,956 00 

Washington Co., 111., bonds, .... 10,40000 10,00000 

State of Montana Agricultural College bonds, 42,779 50 40,000 00 



158 



CONNECTICUT FIRE INSURANCE CO. 



Fon du Lao, Wis., bonds, . 

Sparta, Wis., bonds, . 

Whiting, Ind , bonds, 

Lawrence County, 111 , bonds, 

Spokane, Wash., bonds, . 

New York City bonds, 

Milwaukee, Wis., bonds, . 

Westport, Mo., bonds, 

Portland, Ore., bonds, 

Juneau County, Wis , bonds, 

LaClede Gas Light Co., St. Louis, bonds, 

Starke County, Ind., bonds, 



Book Value. 


Market Value. 


$31,125 00 


|30,156 00 


2,500 00 


2,500 00 


11,296 40 


. 10,553 00 


13,651 25 


13,095 00 


23,147 50 


21,730 00 


27,375 00 


27,127 50 


55,636 25 


58,008 41 


' 13,751 64 


13,079 29 


48,750 00 


50,000 00 


11,363 98 


12,000 00 


10,250 00 


10,194 00 


16,271 66 


15,574 72 


$362,298 18 


$355,973 92 



" CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD, 

CONN. 

[Incorporated June, 1850. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

J. D. BROWNE, President. CHARLES R. BURT, Secretary. 

Home Office, 51 Prospect Street. 

Income. 

Net fire premiums, ... $3,037,202 77 

Interest on mortgage loans, $61,472.91; stocks and bonds, 

$127,904.54; allother, $3,149.22, 192,526 67 

Rents, 5,090 06 

Total income, $3,234,819 50 

Ledger assets, Dec. 31, 1903, 5,077,093 83 

Total, ' $8,311,913 33 

Disbursements. 

Net amount paid for fire losses, $"1,834,134 23 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, ....... 618,922 37 

Salaries, fees, etc., of officers and employees, .... 216,386 78 

Rents, . . 10,770 04 

Repairs and expenses on real estate, . . . . 3,289 83 

Real estate taxes, $3,517.48 ; other taxes and fees, $98,517.96, 102,035 44 

Loss on sale or maturity of ledger assets, .... 6,072 23 

All other disbursements, 190,914 12 

Total disbursements, $3,102,525 04 

Balance, $5,209,388 29 

Ledger Assets. 

Real estate, $204,000 ; mortgages, $1,199,600, . . . .$1,403,600 00 
Stocks and bonds (Schedule A), . . * . . . 3,218,507 28 

Cash in banks and office, . 305,364 78 

Agents' balances, 266,145 56 

Bills receivable, 15,770 67 

Total ledger assets, $5,209,388 29 



CONNECTICUT FIRE INSURANCE CO. 



159 



Non-Ledger Assets. 
Market value of stocks and bonds over book value, 



Gross assets, 



|135,758 72 



i,345,147 01 



Assets not admitted. 

Agents 1 balances over three months due, 
Bills receivable, past due, .... 

Special deposits less $92,941 liability thereon, 
Total unadmitted assets, . 

Total admitted assets, .... 



$ 1,994 02 

5,236 67 

84,899 00 



92,129 69 



. $5,253,017 32 



Liabilities. 
Unpaid losses, including $19,303.01 resisted, $279,944.59; 



less reinsurance, $23,397, 
Unearned premiums on outstanding risks, 



$256,547 59 
. 2,675,978 59 



All liabilities, except capital and surplus, . . . $2,932,526 18 

Surplus to policy holders $2,320,491 14 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,320,491 14 



Total liabilities, . 



1,253,017 32 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$411,341,476 00 $5,080,749 12 
. 281,462,944 00 3,690,501 80 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$692,804,420 00 $8,771,250 92 
. 250,140,436 00 3,344,187 37 



$442,663,984 00 $5,427,063 55 
. 23,575,073 00 304,670 18 



$419,088,911 00 $5,122,393 37 



Miscellaneous. 

Premiums received from reorganization of company, 
Losses paid from reorganization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from reorganization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 



Book Value. 



Dominion of Canada bonds, 
State of Georgia bonds, . 
Territory of Arizona bonds, 
Territory of New Mexico bonds, 



$40,122,002 00 

22,507,025 00 

1,856,426 00 

3,925,000 00 

120,000 00 

27,800 00 



Market Value. 



$102,564 06 $100,000 00 

26,625 00 28,250 00 

79,525 00 79,500 00 

10,550 00 10,550 00 



160 



CONNECTICUT FIRE INSURANCE CO. 



City of Astoria, Ore., bonds, 

City of Cleveland, O., School District bonds, 

City of Columbus, O., bonds, . 

City of Colorado Springs, Col., bonds, 

City of Dallas, Tex., bonds, 

City of Duluth, Minn., bonds, . 

City of Fargo, N. D., bonds, 

City of Helena, Mont., bonds, . 

City of Kansas City, Mo., bonds, 

City of Nashville, Tenn , bonds, 

City of New Britain, Conn., bonds, . 

City of Newport, R. I., bonds, . 

City of New York, N. Y., bonds, 

City of Pawtucket, R. I., bonds, 

City of Portland, Ore., bonds, . 

City of Richmond, Va., bonds, . 

City of Salem, Ore., bonds, 

City of Salt Lake, Utah, bonds, 

City of San Diego, Cal., bonds, 

City of Seattle, Wash., bonds, . 

Cit}' of Urbana, O., bonds, 

Hennepin County, Minn., bonds, 

Wayne County, Mich , bonds, . 

E. Hartford, Conn., Fire District bonds, 

High School District, Stockton, Cal., bonds, 

Mankato School District, Minn., bonds, . 

School Dis., No. 24, Marion Co., Oregon, bonds 

South School District, Hart , Conn., bonds, 

Atlantic & Danville R.R. bonds, 

Black Rocks & Salisbuiw Beach St. R.R. bonds 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & Erie R.R. bonds, 

Chicago, Mil. & St. Paul R.R. bonds, 

Chicago & Northwestern R.R. bonds, 

Chicago, St. Louis & New Orleans R.R. bonds 

Chicago, St. Paul & Omaha R.R, bonds, . 

Chicago & Western Indiana R.R. bonds, . 

Cin., Dayton & Ironton R.R. bonds, . 

Cincinnati, Hamilton & Dayton R R. bonds, 

Cin., Indianapolis & Western R.R. bonds, 

Cleve., Cin , Chicago & St. Louis R.R. bonds, 

Cleveland Electric R.R. bonds, 

Cleveland & Mahoning Valley R.R. bonds, 

Dayton & Michigan R.R. bonds, 

Detroit R.R. bonds, . 

Illinois Central R.R. bonds, 

Iowa Central R.R. bonds, 

Lehigh Valley R.R. bonds, 

Michigan Central R.R. bonds, 

Minneapolis & St. Louis R.R. bonds, 

Norfolk & Western It R. bonds, 

North Chicago Street It It. bonds, . 

Northern Pacific & Gt. Northern R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

N. Y., Lackawanna & Western R.R bonds, 

N. Y., N. H. & Hartford R.R. bonds, . 

Pennsylvania & New York Canal R.R. bonds, 

Philadelphia, Bait. & Washington R.R. bonds, 

Port Reading R.R. bonds, . 

Rutland It It. bonds 



00 
60 
50 
00 
00 



00 
00 
00 
50 
50 
25 



Book Value. 

$18,115 00 
52,750 
35,424 
25,687 
12,360 
46,925 
6,478 75 
21,400 00 
53,250 00 
50,625 00 
25,625 00 
44,880 00 
51,031 25 
30,525 
57,625 
50,000 
12,017 
52,212 
32,831 
25,250 00 
15,900 00 
56,345 00 
25,750 00 
41,800 00 
33,262 50 
15,247 
14,121 
26,125 
23,625 
9,500 
46,100 
60,750 
54,375 

101,346 
24,500 00 
46,750 00 
38,292 50 
14,325 00 
51,125 
24,750 
9,000 
51,375 
11,000 00 
26,437 50 
54,862 
25,000 
28,156 
25,312 
24,281 
47,687 
23,098 
10;350 00 
23,993 75 
76,226 25 
53,025 00 

133,437 50 
26,500 00 
53,750 00 
10,200 00 
26,187 50 



50 
25 
00 
00 
00 
00 
00 
00 
25 



00 
00 
00 
00 



50 
00 
25 
50 
25 
50 
13 



Market Value. 

$18,080 00 
52,000 00 
34,680 00 
25,687 00 
12,600 00 
46,100 00 
6,480 00 
21,400 00 
53,250 00 
51,500 00 
25,000 00 
44,880 00 
51,250 00 
31,800 00 
58,000 00 
54,000 00 
11,770 00 
53,500 00 
32,100 00 
26,750 00 
15,000 00 
57,000 00 
25,500 00 
41,200 00 
32,100 00 
15,000 00 
13,910 00 
24,750 00 
24,000 00 
10,200 00 
48,000 00 
60,750 00 
55,500 00 

102,910 00 
23,750 00 
47,000 00 
36,960 00 
17,250 00 
57,500 00 
24,750 00 
10,000 00 
51,000 00 
11,800 00 
26,500 00 
55,000 00 
23,750 00 
28,750 00 
27,500 00 
24,250 00 
48,000 00 
25,000 00 
10,000 00 
25,000 00 
74,750 00 
51,500 00 

129,750 00 
27,500 00 
53,750 00 
11,000 00 
25,750 00 



CONTINENTAL INSURANCE CO. 



161 



Rutland Canadian R.R. bonds, . 

Southern Pacific R.R. bonds, . 

St. Louis & San Francisco R.R. bonds, . 

St. Louis Southern R.R. bonds, 

Toledo & Ohio Central R.R. bonds, . 

Utica, Clinton & Binghamton R.R. bonds, 

West Chicago Street R.R. bonds, 

West Chicago St R.R. Tunnel Co. bonds, 

Chicago Edison Co. bonds, 

New York Dock Co bonds, 

Peopled Gas Light & Coke Co., Chicago, b'ds 

Swift Company, Chicago, bonds, 

Northwestern Telegraph Co. bonds, 

Western Union Telegraph Co. bonds, 

Traders 1 Safe & Trust Co., Chicago, bonds, 

150 shares Bald Eagle Valley R.R. Co., 



173 

200 
600 
300 
200 
600 
412 
167 
100 
100 

93 
125 
185 
300 
412 
150 

45 



Chicago & Northwestern R.R. Co. 
N. Y. Cent. & Hud. River R.R. Co. 
N. Y., N. H. & Hartford R.R. Co., 
Pitts , Ft. Wayne & Chic. R.R. Co. 
Empire & Bay Sts. Telegraph Co 
Northwestern Telegraph Co., 
New York Dock Co., 
First National Bank, Minn., . 
Imp. & Traders' Nat'l Bank, N. Y 
iEtna National Bank, Hart, . 
Charter Oak National Bank, Hart. 
Far. & Mech. Nat'l Bank, Hart., 
First National Bank, Hartford, 
Hartford National Bank, Hart., 
National Exchange Bank, Hart., 
Phoenix National Bank, Hartford, 
Conn. Trust & Safe Dep. Co., Hart. 



Book Value. 


Market Value. 


$25,000 00 


$24,000 00 


41,616 25 


42,800 00 


24,837 50 


25,000 00 


26,250 00 


25,750 00 


15,375 00 


16,650 00 


12,400 00 


11,800 00 


10,050 00 


10,000 00 


10,175 00 


9,000 00 


26,625 00 


26,250 00 


38,540 00 


38,130 00 


26,125 00 


26,250 00 


25,500 00 


25,250 00 


25,562 50 


25,750 00 


52,937 50 


52,000 00 


10,000 00 


10,000 00 


15,000 00 


15,000 00 


16,470 00 


35,465 00 


24,154 25 


29,000 00 


100,498 77 


118,200 00 


28,700 00 


54,900 00 


14,800 00 


16,000 00 


27,600 00 


37,500 00 


17,716 00 


20,600 00 


19,054 00 


30,060 00 


16,800 00 


60,000 00 


12,500 00 


20,000 00 


12,026 00 


11,160 00 


26,442 50 


14,750 00 


26,655 72 


25,900 00 


45,645 75 


40,500 00 


28,106 00 


25,544 00 


22,246 50 


18,000 00 


4,950 00 


10,350 00 



1,218,507 28 $3,354,256 00 



" CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated November, 1852. Commenced business January, 1853.] 
Paid-up Capital, $1,000,000. 

HENRY EVANS, President. ^ ^ BALLARD i Secretaries - 

Income. 

Net fire premiums, $5,920,807 28 

Interest on mortgage loans, $1,676.83; stocks and bonds, 

$490,183.84; all other, $24,044.65, 515,905 32 

Rents, 71,021 19 

Total income, $6,507,733 79 

Ledger assets, Dec. 31, 1903, 14,557,978 80 

Total, $21,065,712 59 



Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, 
Commissions or brokerage, 



$3,678,368 70 

360,075 00 

1,296,760 36 



162 



CONTINENTAL INSURANCE CO. 



Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $16,400.52; other taxes and fees, $146, 
233.45, 



Loss on sale or maturity of ledger assets, 
Cash paid for redemption of scrip, . 
Interest paid to scrip holders, . 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



$450,604 20 
12,700 80 
29,891 08 

162,633 97 

498,142 02 

22 00 

1 32 

327,534 85 

. $6,816,734 30 

$14,248,978 29 



Ledger Assets.* 

Real estate, $1,113,000; mortgages, $28,900, . 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, . . 

Bills receivable, not matured, .... 

Total ledger assets, 



$1,141,900 00 

11,623,500 00 

764,442 67 

708,970 54 

10,165 08 

$14,248,978 29 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $726. 15 ; stocks and bonds, $93,769.50, 
Rents accrued on company's property, . 
Market value of stocks and bonds over book value, 

Gross assets,f 



$94,495 65 

709 87 

51,365 00 

$14,395,548 81 



Assets not admitted. 

Agents 1 balances over three months due, . $6,343 88 

Special deposits less $89,186.94 liab. thereon, 30,813 06 

Total unadmitted assets, .... 



Total admitted assets, 



37,156 94 
$14,358,391 87 



Liabilities. 

Unpaid losses, including $51,284 resisted, $498,549.66; less 
reinsurance, $88,004.61, 

Unearned premiums on Outstanding risks, $5,903,813.33; 
plus same on disallowed reinsurance, $1,099.18, 

Due for reinsurance premiums, ...... 

Reserve for contingencies, ....... 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $7,724,749 29 

Paid-up capital, . . . . . . . , . 

Surplus over capital and general liabilities, .... 

Total liabilities, 



$410,545 05 

5,904,912 51 

18,185 02 

300,000 00 

^6,633,642 58 

1,000,000 00 
. 6,724,749 29 

$14,358,391 87 



* The company holds also instalment premium notes to the amount of $1,777,463, which 
do not enter Into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an amount exactly equal to the insurance liability, the entire sum consisting of 
"unearned premiums." 

t Including $600,000 special reserve held under New York laws. 



CONTINENTAL INSURANCE CO. 



163 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$1,061,224,052 00 
773,650,383 00 

$1,834,874,435 00 
736,810,743 00 

11,098,063,692 00 
36,229,358 00 



Premiums. 

11,171,307 46 
6,978,680 72 

18,149,988 18 
6,523,242 49 

111,626,745 69 

356,912 77 



$1,061,834,334 00 $11,269,832 92 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (36 per cent.), 
Company's stock owned by directors, .... 



$102,894,443 00 

56,025,728 00 

3,624,021 00 

7,804,357 00 

360,000 00 

156,900 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



250 shares 


50 


u 


1,500 


it 


350 


it 


200 


it 


1,500 


tt 


1,000 


it 


2,200 


ti 


17,000 


tt 


630 


tt 


1,000 


it 


800 


it 


3,000 


tt 


4,505 


ii 


1,000 


it 


1,000 


ii 


2,200 


ii 


1,000 


it 


2,300 


ii 


. 500 


ii 


1,000 


tt 


5,021 


II 


1,400 


II 


10,000 


It 


500 


it 


1,200 


11 


4,200 


tt 


500 


tt 


2,000 


it 


2,000 


tt 


2,000 


tt 


5,800 


tt 



Amer. Ex. National Bank, . 
Bank of America, 
Mechanics 1 National Bank, 
Merchants 1 National Bank, 
Central Trust Co., 
American Tel. & Tel. Co., . 
Atlanta & Chad. Air Line R.R , 
Baltimore & Ohio R.R. Co., 
Brooklyn City R.R. Co., . 
Buff., Roch. & Pitts. R'y Co., 
Chic. & East 111. R.R. Co., . 
Chicago Gt. Western R^ Co., 
Chic, Mil. & St. Paul R'y, . 
Chicago & Northwests R'y, 
Ch., St. P., Minn. & Om. R'y Co 
CI., Cin, Chic. & St. L. R'y Co., 
Consolidated Gas Co., N. Y., 
Delaware & Hudson Co., . 
Lake Shore & Mich. So. R'y Co 
Mahoning Coal R.R. Co., . 
N. Y., Chic. & St. Louis R'y Co 
N. Y. & Harlem R.R. Co, . 
N. Y., N. H. & Har. R.R. Co., 
Pennsylvania R.R. Co., 
Pitts., Ft. Wayne & Ch. R'y Co, 
Pitts., Cin., Ch. & St. Lo. R'y Co 
Pitts., McK. & Yough. R.R. Co 
Second Avenue R.R. Co, . 
Southern R'y Co, 
United N. J. R.R. & Canal Co, 
United States Express Co, 
Northern Securities Co, 



Book Value. 

$50,000 00 

20,000 00 

71,700 00 

26,250 00 

300,000 00 

193,955 00 

140,000 00 

190,446 00 

382,500 00 

78,000 00 

120,000 00 

68,000 00 

525,000 00 

855,825 00 

175,000 00 

105,000 00 

422,400 00 

155,000 00 

575,362 00 

50,000 00 

82,500 00 

953,990 00 

266,481 00 

595,000 00 

87,500 00 

115,343 00 

252,000 00 

100,000 00 

150,000 00 

500,000 00 

224,812 00 

522,000 00 



Market Value. 

$52,500 00 

20,000 00 

93,750 00 

26,250 00 

350,000 00 

202,500 00 

140,000 00 

193,000 00 

382,500 00 

81,250 00 

120,000 00 

64,000 00 

525,000 00 

875,875 00 

175,000 00 

100,000 00 

396,000 00 

160,000 00 

575,000 00 

50,000 00 

80,000 00 

953,990 00 

245,000 00 

575,000 00 

87,500 00 

120,000 00 

252,000 00 

100,000 00 

160,000 00 

500,000 00 

200,000 00 

580,000 00 



164 



THE DELAWARE INSURANCE CO. 



1,000 shares Del., Lack. & Western R.R. Co., 
312 " Bank of New York, . 
500 " Manhattan R'y Co., 

2,500 " Missouri Pacific R'y Co., 

1,000 " Hocking Valley R'y Co , 
200 " Atlantic Coast Line Co. of Conn., 
500 " Atlantic Coast Line Co. of Va., 
700 " Wells, Fargo & Co, . 
400 " Reading Co, .... 

1,000 " Illinois Central R.R. Co, . 

Chicago & Alton R'y Co. bonds, 

Chicago & Northwestern Sinking Fund bonds 

Columbia & Greenville R.R. bonds, 

Elmira, Cortland & Northern bonds, 

Louisville & Nashville bonds, . 

Metropolitan Street R'y Co. bonds, . 

N. Y. Gas, El. Lt, Ht. & Power Co. bonds, 

Portland, Ore, water bonds, 

Richmond, Va , bonds, 

New Mexico bonds, . 

Georgia bonds, . 

New York City bonds, 

Chic, Rock Island & Pacific R.R. Co. bonds, 

Wabash R.R. Co. bonds, .... 

Northern Pac. & Gt. Nor. C, B. & Q. bonds, 

Milwaukee Gas Light Co. bonds, 

Western Maryland R.R. Co bonds, . 

Atlantic Coast Line R R. Co, L. & N. bonds, 

St. Louis, Iron Mt. & So. R'y Co. bonds, . 

Massachusetts bonds, .... 

Consolidated Gas Co. bonds, 



Book Value. 


Market Value. 


. $125,000 00 


$125,000 00 


78,000 00 


78,000 00 


70,000 00 


70,000 00 


261,479 00 


250,000 00 


80,168 00 


80,000 00 


49,308 00 


50,000 00 


69,217 00 


70,000 00 


164,286 00 


140,000 00 


17,508 00 


17,000 00 


150,183 00 


145,000 00 


14,800 00 


15,000 00 


41,000 00 


41,000 00 


50,000 00 


50,000 00 


50,000 00 


50,000 00 


50,000 00 


50,000 00 


100,000 00 


100,000 00 


90,0C0 00 


90,000 00 


50,000 00 


50,000 00 


50,000 00 


50,000 00 


10,000 00 


10,000 00 


25,000 00 


25,000 00 


600,000 00 


600,000 00 


68,000 00 


68,000 00 


157,500 00 


137,500 00 


236,612 00 


237,500 00 


89,000 00 


89,000 00 


85,000 00 


80,000 CO 


47,375 00 


45,000 00 


135,000 00 


135,0C0 00 


200,000 00 


200,000 00 


55,000 00 


90,750 00 


$11,623,500 00 $11,674,865 00 



"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, $702,875. 

TATTNALL PAULDING, President. HENRY LYLBURN, Secretary. 



Income. 

Net fire premiums, $825,796 73 

Deposit premiums on perpetual risks, 8,290 19 

Interest on mortgage loans, $7,213.61 ; collaterals, $1,800.55 ; 

stocks and bonds, $41,883.30 all other, $3,087.18, . . 53,984 64 

Rents, including company's own occupancy, .... 11,046 87 

Profit on sale or maturity of ledger assets, .... 3,717 45 

From all other sources, 1,146 77 

Total income, $903,982 65 

Ledger assets, Dec. 31, 1903, 1,740,658 15 



Total, . 



$2,644,640 80 



THE DELAWARE INSURANCE CO. 



165 



Disbursements. 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $2,029 ; other taxes and fees, $22,894.61, 

All other disbursements, 

Total disbursements, 

Balance, 



$589,484 44 

7,427 18 

14,057 50 

204,713 20 

62,909 31 

8,319 63 

4,684 82 

24,923 61 

49,165 73 



5,685 42 



$1,678,955 38 



Ledger Assets 

Real estate, $200,000; mortgages, f 184,700, 

Stocks and bonds (Schedule A), 

Cash in banks and office, .... 

Agents' balances, 

All other ledger assets, .... 

Total ledger assets, .... 



$384,700 00 

1,041,629 43 

87,910 59 

159,722 84 

4,992 52 

$1,678,955 38 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,909.01 ; stocks and bonds, $14,347.83, 
Rents accrued on company's propert} 7 , .... 
Market value of stocks and bonds over book value, 
Perpetual premiums in course of collection, . 



Gross assets, 



17,256 84 
870 00 

18,717 74 
315 00 

,716,114 96 



Assets not admitted. 



Special deposits, 

Total admitted assets, 



10,525 00 



$1,705,589 96 



Liabilities. 

Unpaid losses, including $6,480 resisted, $92,785 ; less rein- 
surance, $19,690, $73,095 00 

Unearned premiums on outstanding risks, .... 698,548 99 

Reclaimable on perpetual fire policies, 117,172 40 

Dividends due stockholders, 77 00 

All liabilities, except capital and surplus, . . . $888,893 39 
Surplus to policy holders, .... $816,696 57 

Paid-up capital, 702,875 00 

Surplus over capital and general liabilities, .... 113,82157 



Total liabilities, $1,705,589 96 



166 



THE DELAWARE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$134,800,732 00 $1,549,189 55 
. 93,904,711 00 1,203,759 83 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$228,705,443 00 $2,752,949 38 
. 90,985,699 00 1,141,733 57 



$137,719,744 00 $1,611,215 81 
. 24,420,700 00 277,748 95 



$113,299,044 00 $1,333,466 86 



Perpetual risks in force (not included above), $4,485,932 00 $129,537 10 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (2 per cent.), . 

Company's stock owned by directors, .... 



$37,081,161 
22,038,026 
592,861 
2,803,194 
14,058 



00 
00 
00 
00 
00 



136,575 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



State of Georgia bonds, . 
City of Camden, N. J., bonds, . 
City of Richmond, Va., bonds, . 
Lehigh Valley R'y Co. bonds, . 
Allentown Terminal R'y Co. bonds, 
Pennsylvania & N. Y. Canal & R.R. Co. bonds 
Delano Land Co. bonds, .... 
Mortgage Trust Co. of Pennsylvania bonds, 
Wilmington & Northern R.R. Co. bonds, 
St. Louis Merchants' Bridge Term. Co. bonds 
Phila , Wilm. & Baltimore R.R. Co. bonds, 
People's Passenger R'y Co. bonds, . 
United Traction Co. of Pittsburg bonds, . 
Allegheny Valley R.R. Co. bonds, . 
Westinghouse Electric & Manuf. Co. bonds, 
Connecticut R'y & Lighting Co. bonds, . 
Reading R.R Co , Jersey Central, bonds, 
N. Y. Dock Co. bonds, .... 
Philadelphia Co. bonds, .... 
American Railways bonds, 
Electric & People's Trust bonds, 
United Railways, San Francisco, bonds, . 
City of Duquesne, Pa., bonds, . 
Camden & Suburban R'y Co. bonds, 
Roanoke R'y & Electric Co. bonds, . 
Borough of South Bethlehem, Pa , bonds, 
Suburban Gas Co., Phila., bonds, 
Lynchburg Traction & Light Co. bonds, . 
Philadelphia Electric Co. bonds, 
Mt Washington Street R'y Co. bonds, 



Book Value. 

$9,925 00 

30,630 00 

35,855 00 

126,734 10 

50,350 00 

50,340 00 

30,468 75 

15,000 00 

25,937 50 

25,374 92 

29,400 00 

29,356 81 

19,900 00 

51,425 00 

20,362 50 

24,937 50 

38,033 33 

11,000 00 
31,619 
25,149 
24,812 
20,281 
28,993 
20,488 
20,050 
25,778 
15,367 
10,025 

49,922 50 

15,221 18 



77 
98 
50 
25 
60 
10 
00 
70 
34 
00 



Market Value. 

$10,525 00 
30,300 00 
39,220 00 

133,062 50 
49,000 00 
50,000 00 
31,350 00 
14,150 00 
26,791 67 
27,687 50 
30,300 00 
31,100 00 
22,700 00 
50,833 33 
20,100 00 
24,187 50 
39,200 00 
10,266 67 
30,350 00 
25,395 84 
25,000 00 
21,625 00 
26,650 00 
21,300 00 
19,583 34 
26,000 00 
15,087 50 
10,116 66 
50,875 00 
15,412 50 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



167 



Altoona & Logan Valley R'y Co. bonds, 
United Railway Trust bonds, . 
Pocahontas Coal & Coke Co. bonds, 
Norfolk & Western R R. bonds, 
Lehigh Valley R'y Co. bonds, . 
Boston & Worcester St. R'y bonds, 
Pennsylvania R R. Co. stock, . 
New York Dock Co. stock, 
Philadelphia Bourse stock, 
Underwriters' Salvage Co. stock, 



Book Value. 

$9,400 00 
12,412 50 
14,137 50 
19,540 00 

9,800 00 
23,224 10 
27,500 00 
11,000 00 

1,375 00 
500 00 



Market Value. 

$9,631 75 

12,150 00 

14,200 00 

19,300 00 

9,766 66 

23,028 75 

37,950 00 

5,500 00 

150 00 

500 00 



.,041,629 43 $1,060,347 17 



"THE DETROIT FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.] 

Paid-up Capital, $500,000. 

WILLIAM A. MOORE, President. A. H. McDONELL, Secretary. 

Home Office, 91 Griswold Street. 

Income. 

Net fire premiums, $340,398.39; marine, $65,431.07, . . $405,829 46 
Interest on mortgage loans, $37,662 .41 ; collaterals, $2,539 . 83 ; 

bonds, $14,168.47; all other, $13,293.46, .... 67,66417 

Rents 4,877 00 

Profit on sale or maturity of ledger assets, .... 434 93 

Total income, $478,805 56 

Ledger assets, Dec. 31, 1903, 1,541,545 54 

Total, $2,020,351 10 

Disbursements. 

Net amount paid for fire losses, $210,719.51; marine, $54,- 

030.35, $264,749 86 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, . 68,103 28 

Salaries, fees, etc., of officers and employees, .... 28,616 78 

Rents, 3,000 00 

Repairs and expenses on real estate, 1,961 16 

Real estate taxes, $1,172.01; other taxes and fees, $17,666.94, 18,838 95 

Loss on sale or maturity of ledger assets, .... 3,664 28 

All other disbursements, 21,396 60 

Total disbursements, $460,330 91 

Balance, $1,560,020 19 

Ledger Assets. 

Real estate, $268,390.80; mortgages, $718,910.25, . . . $987,300 55 

Loans secured by collateral (Schedule A), . . . 31,000 00 

Bonds (Schedule B), 395,323 10 

Cash in banks and office, 88,747 64 



168 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Agents 1 balances, 
Bills receivable, 
Advances on losses, . 

Total ledger assets, 



$54,245 00 

983 75 

2,420 15 

. $1,560,020 19 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, 1 14,870. 89 ; bonds, $5,478. 21 ; collateral loans, 

$137.33; other assets, $2,762.98, 23,249 41 



Gross assets $1,583,269 60 

Assets not admitted. 



Agents 1 balances over three months due, 
Bills receivable, past due, 

Total unadmitted assets, . 



1,563 68 
647 79 



4,211 47 



Total admitted assets, 



Liabilities. 



Unpaid losses, including $9,793.37 resisted, $73,802.78 ; less 
reinsurance, $10,487.37, 

Unearned premiums on outstanding risks, $294,347.50 ; plus 
same on disallowed reinsurance. $6,753.05,. 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,214,64217 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



1,579,058 13 

$63,315 41 
301,100 55 

$364,415 96 

500,000 00 
714,642 17 



Total liabilities, $1,579,058 13 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



Premiums. 

$48,286,422 00 $559,732 45 
36,320,024 00 435,778 70 



$84,606,446 00 $995,511 15 
34,345,436 00 420,884 93 



$50,261,010 00 $574,626 22 
3,718,246 00 42,828 70 



$46,542,764 00 $531,797 52 

$2,460,607 00 $64,082 17 
9,009,614 00 79,907 42 



111,470,221 00 $143,989 59 
10,536,709 00 101,727 25 



$933,512 00 $42,262 34 
67,000 00 1,760 45 



$866,512 00 $40,501 89 



DUTCHESS INSURANCE CO. 



169 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, .... 



. $9,144,740 00 


. 4,685,340 00 


213,851 


00 


38,799 


00 


. 1,228,500 


00 


350,000 


00 


50,000 


00 


105,100 00 



Schedule A. 

Securities held as Collateral. 



Market Value. Loaned Thereon. 



20 shares National Lead Co., . 

50 " Wayne Co. Sav. Bank, Detroit, 

Del ray, Mich., school bonds, 

Ecorce, Mich , school bonds, . 

32 shares First Nat'l Exchange Bank, . 

20 " Com Sav. Bank, St. Clair, 
200 " Ft. Huron En£. & Thresher Co. 



$1,800 00 
15,000 00 
5,500 00 
11,000 00 
4,000 00" 
2,500 00 
1,500 00 



$1,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 



Schedule B. 

Bonds oivned by the Company, 



$41,300 00 $31,000 00 



United States bonds, . 
American Steamship Co. bonds, 
Yosemite Steamship Co. bonds, 
School Dist. No. 3, Springvvell, Micl 
Detroit city bonds, . 
Adams Transportation Co. bonds, 
Stewart Transportation Co. bonds, 
Monroe Transportation Co. bonds, 
Detroit Museum of Art bonds, . 
Lakewood Steamship Co. bonds, 



bonds, 



Book Value and 
Market Value. 

$52,250 00 

7,000 00 

10,000 00 

6,000 00 

273,435 90 

10,000 00 

10,000 00 

10,000 00 

9,637 20 

7,000 00 

$395,323 10 



"DUTCHESS INSURANCE COMPANY," POUGHKEEPSIE, N. Y. 

[Incorporated April 12, 1S36. Commenced business April 12, 1836.] 

Paid-up Capital, $200,000. 

L. H. VAIL, President. J. J. GRAHAM, Secretary. 

Home Office, 39 Market Street. 



Income. 

Net fire premiums, . 

Interest on mortgage loans, $898.66; collaterals, $720.45; 

stocks and bonds, $22,964.89; all other, $7.38, . 
Rents, including company's own occupancy, .... 



,820 70 



24,591 38 
1,748 00 



170 DUTCHESS INSURANCE CO. 

Profit on sale or maturity of ledger assets, .... $18,108 25 
From all other sources, 04 



Total income, $651,268 37 

Ledger assets, Dec. 31, 1903, 776,044 66 



Total $1,427,313 03 

Disbursements. 

Net amount paid for fire losses, $386,859 45 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, 162,165 93 

Salaries, fees, etc., of officers and employees, .... 22,143 98 

Rents, including company's own occupancy, .... 1,200 00 

Repairs and expenses on real estate, 18 50 

Real estate taxes, $183 . 49 ; other taxes and fees, $12,067 . 15, . 12,250 64 

All other disbursements, 17,241 03 



Total disbursements, $613,879 53 



Balance, $813,433 50 

Ledger Assets. 

Real estate, $26,473.90; mortgages, $15,300, . . . . $41,773 90 

Stocks and bonds (Schedule A), 605,608 48 

Cash in banks and office, 118,100 33 

Agents 1 balances, 47,950 79 



Total ledger assets, $813,433 50 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $222.28; stocks and bonds, $1,808, . . 2,030 28 

Rents due on company's property, . . . . . . 532 00 

Market value of real estate over book value, .... 1,026 10 

Market value of stocks and bonds over book value, . . 11,328 52 



Gross assets, $828,350 40 

Assets not admitted. 
Agents 1 balances over three months due, .... 637 44 



Total admitted assets, $827,712 96 

Liabilities. 

Unpaid losses, $56,650.53; less reinsurance, $4,763.55, . . $51,886 98 
Unearned premiums on outstanding risks, $462,947.64; plus 

same on disallowed reinsurance, $259.88, . . . • 463,207 52 

Due for reinsurance premiums, 2,752 87 

All liabilities, excejtt capital and surplus, . . . $517,847 37 
Surplus to policy holders, .... $309,865 59 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 109,865 59 

Total liabilities, $827,712 96 



DUTCHESS INSURANCE CO. 



171 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums, 

.$71,486,482 00 |853,979 77 
. 58,583,787 00 776,118 89 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$ 130,070,269 00 $1,630,098 66 
. 52,249,779 00 671,760 60 



. $77,820,490 00 $958,338 06 
. 4,976,186 00 69,284 84 



.$72,844,304 00 $889,053 22 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, .... 



$7,139,403 00 

4,546,590 00 

389,094 00 

48,000 00 

12,000 00 

76,000 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Buffalo city bonds, .... 
Long Island city bonds, . 
New York City bonds, 
Poughkeepsie city bonds, . 
Iowa Central R'y Co. bonds, . 
Kanawha & Michigan R'y Co. bonds, 
Lake Erie & Western R.R. Co. bonds, 
Leavenworth & Term. R'y & Bridge Co bonds 
Northern Pacific-Great Northern joint bonds, 
St. Louis, Iron Alt. & South. R'y Co. bonds, 
Southern Pacific Co. bonds, 
Tennessee Coal, Iron & R.R. Co. bonds, . 
Brooklyn Union Gas Co bonds, 
Chicago Gas Light & Coke Co. bonds, 
Poughkeepsie Elec. Light & Power Co. bonds 
United Traction & Electric Co. bonds, 
100 shares CI., Cin., Chic. & St. Lo. R'y Co., 
300 " N. Y. Cent. & Hudson R. R.R. Co 
100 " Northern Securities Co., . 
100 " Southern R'y Co., . 
5 " Fallkill Nat'l Bank, Poughkeepsie 
60 " Far. and Manuf. N'l B'k, Poughk., 
10 " Merch. Nat'l Bank, Poughkeepsie, 
100 " American Telegraph & Cable Co., 
400 " Consolidated Gas Co., N. Y., . 
300 " Metropolitan St. R'y Co., N. Y., 
100 " American Express Co., . 
Atchison, Topeka & Santa Fe R.R. Co. bonds 
Chesapeake & Ohio R.R. Co. bonds, 
Chic, Rock Island & Pacific R.R. Co. bonds, 
St. Lo , Memphis & Southeastern R.R. bonds. 
St. Louis & San Francisco R.R. Co. bonds, 



Book Value. 

$21,375 00 

5,700 00 

110,822 48 

59,168 50 

11,450 00 

4,500 00 
11,562 

5,250 

9,605 
11,012 

8,300 

5,000 

5,712 50 
10,900 00 
10,500 00 

5,850 00 

9,787 
39,037 

8,612 

9,162 
.650 

9,600 

1,450 

9,000 
76,325 
39,750 
17,812 

9,412 50 

5,181 25 
17,662 50 

9,750 00 
18,025 00 



50 
00 
00 
50 
00 
00 



50 
50 
50 
50 
00 
00 
00 
00 
00 
00 
50 



Market Value. 

$20,300 00 

5,500 00 

105,937 00 

59,175 00 

11,400 00 

4,825 
11,275 

5,200 
10,100 
11,700 

9,500 

4,812 

5,825 
11,100 
10,500 

5,350 

9,175 
42,900 
13,300 

9,700 
800 
12,000 00 

1,600 00 

9,500 
78,800 
36,150 
21,300 

9,475 

5,425 
17,950 
10,000 
18,150 



00 
00 
00 
00 
00 
00 
50 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



172 



EASTERN FIRE INSURANCE CO. 



Lehigh & Wilkesbarre Coal Co. bonds, . 
Western Union Tel. Co. bonds, 
Westinghouse Electric & Manuf. Co. bonds, 
100 shares Erie R.R., .... 



Book Value. 

$5,106 25 
5,181 25 

10,031 25 
7,362 50 



Market Value. 

$5,087 50 

5,225 00 

10,100 00 

7,800 00 



$605,608 48 $616,937 00 



"EASTERN FIRE INSURANCE COMPANY," ATLANTIC CITY, 

N. J. 

[Incorporated Oct. 4, 1902. Commenced business Oct. 21, 1902.] 

Paid-up Capital, $200,000. 

ARVINE II. PHILLIPS, President. HERMAN M. SYPHERD, Secretary. 

Home Office, Corner Atlantic and North Carolina avenues. 

Income. 

Net fire premiums, 

Interest on mortgage loans, $9,366.21 ; collaterals, $307.50; 

bonds, $3,226.95 ; all other, $3,635.59, 
From all other sources, .... 



Total income, 

Ledger assets, Dec. 31, 1903, . 

Total, 

Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 



Mortgages, 

Loans secured by collateral (Schedule A), 
Bonds (Schedule B), . '. 
Cash in banks and office, .... 
Agents' balances, 



Total ledger assets, 



Non Ledger Assets. 



Interest due and accrued : — 
On mortgages, $2,521.91 ; bonds, $1,327.08, . 

Gross assets, 



$123,947 34 

16,536 25 
2 72 

$140,486 31 
367,364 47 

$507,850 78 



$33,389 55 

24,000 00 

34,820 44 

4,395 00 

300 00 

1,350 93 

2,510 48 

$100,766 40 
$407,084 38 



$194,550 00 

20,500 00 

102,750 00 

61,380 22 

27,904 16 

$407,084 38 



3,851 99 
$410,936 37 



EASTERN FIRE INSURANCE CO. 



173 



Assets not admitted. 



Agents' balances over three months due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$158 48 
790 00 



$948 48 



|409,987 89 



Liabilities. 

Unpaid losses, including $2,9C0 resisted, f 18,859.22 ; less rein- 
surance, $18.75, 

Unearned premiums on outstanding risks, f 65,452. 17 ; plus 
same on disallowed reinsurance, $384.67, . 

Miscellaneous expenses, due or accrued, 

Commissions and other charges due agents and brokers, 

Due for reinsurance premiums, 

Contingent commissions, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$312,867 00 



$18,840 47 

65,836 84 

498 59 

8,004 17 

540 82 

3,400 00 

$97,120 89 

200,000 00 

112,867 00 



Total liabilities, $409,987 89 



Risks and Premiums. 



Fire risks outstand'g Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$3,062,671 00 

11,194,907 00 

$14,257,578 00 

5,771,331 00 

$8,486,247 00 

339,218 00 



Premiums. 

$55,591 33 
159,535 78 

$215,127 11 
88,346 71 

$126,780 40 
4,380 74 



$8,147,029 00 $122,399 66 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Company's stock owned by directors, .... 



$234,002 00 
38,169 00 
51,179 00 
24,000 00 
24,000 00 
1,800 00 



Schedule A. 
Securities held as Collateral. 



50 shares Marine Trust Co., . 
200 " W. Jersey Title & Guaranty Co , 
13 " Second National Bank, . 
27 " Atlantic Safe Dep. & Trust Co., 



Market Value 

$7,500 00 

21,000 00 

3,575 00 

7,020 00 



Loaned Thereon. 

$5,000 00 
10,000 00 

5,500 00 



$39,095 00 $20,500 00 



174 EMPIRE CITY FIRE INSURANCE CO. 



Schedule B. 
Bonds owned by the Company. 

Book Value. Market Value. 

Atlantic City, N. J., bonds $62,750 00 $61,047 00 

Hudson County, N. J., bonds, .... 10,000 00 10,388 16 

Essex County, N. J., bonds, .... 10,000 00 10,625 00 

Altoona & Logan Valley Elec. R'y Co. bonds, 10,000 00 9,600 00 

Toledo R'y & Terminal Co. bonds, . . . 10,000 00 10,300 00 

$102,750 00 $101,960 16 



"EMPIRE CITY; FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated October, 1850. Commenced business Oct. 5, 1850.] 

Paid-up Capital, $200,000. 

LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary. 

Home Office, 61 William Street. 

Income. 

Net fire premiums, f 225,114 75 

Interest on mortgage loans, $275 ; stocks and bonds, $8,- 

762.67; all other, $ 143. 82, 9,18149 

Total income, $234,296 24 

Ledger assets, Dec. 31, 1903, 294,937 56 

Total, $529,233 80 

Disbursements. 

Net amount paid for fire losses, $91,569 25 

Interest and dividends to stockholders, 6,000 00 

Commissions or brokerage, 55,223 01 

Salaries, fees, etc., of officers and employees, .... 10,154 18 

Rents, 3,500 00 

Taxes and fees, * . . 1,019 06 

Loss on sale or maturity of ledger assets, .... 600 00 

All other disbursements, 3,340 70 

Total disbursements, . . . . . . $171,406 20 

Balance, $357,827 60 

Ledger Assets. 

Mortgages, $5,500 00 

Stocks and bonds (Schedule A), 250,023 75 

Cash in banks and office, 50,256 59 

Agents' balances, 52,047 26 

Total ledger assets, $357,827 60 



EMPIRE CITY FIRE INSURANCE CO. 



175 



Non-Ledger Assets. 

Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 

Gross assets, 



$3,051 25 
1,572 84 

$362,451 69 



Assets not admitted. 
Reinsurance due on losses paid, 

Total admitted assets, . 



1,572 84 

$360,878 85 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $107,247.76 ; plus 
same on disallowed reinsurance, $180.51, . . . . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$239,195 58 



$14,255 00 
107,428 27 

$121,683 27 

200,000 00 
39,195 58 



Total liabilities, $360,878 85 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 



.$11,406,121 00 
. 21,240,027 00 



$32,646,148 00 

14,376,111 00 

$18,270,037 00 

957,419 00 



Premiums. 

$130,542 86 
249,201 01 

$379,743 87 
152,000 00 

$227,743 87 
13,696 67 



Net amount in force, . 



.$17,312,618 00 $214,047 20 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors 



$4,600,625 00 

2,152,316 00 

88,343 00 

939,000 00 

6,000 00 

88,800 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. 

New York City bonds, $230,506 25 

Lake Shore & Mich. Southern R'y bonds, . 10,280 00 

American Exchange National Bank stock, . 8,737 50 

Underwriters' Salvage Co, stock, . . . 500 00 



Market Value. 

$229,075 00 

10,000 00 

13,500 00 

500 00 



$250,023 75 $253,075 00 



176 ENTERPRISE MUTUAL FIRE INSURANCE CO. 



"ENTERPRISE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated June 2, 1874. Commenced business July 14, 1874.] 
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Home Office, 10 Weybossel Street. 

Income. 

Net premiums, $231,545 96 

Interest on stocks and bonds, $8,586.30; all other, $1,571.63, 10,157 93 

Total income, $241,703 89 

Ledger assets, Dec. 31, 1903, 246,863 78 

Total, $488,567 67 

Disbursements. 

Net amount paid for losses, $11,680 12 

Profits on terminated policies, 190,628 97 

Salaries, fees, etc., of officers and employees, .... 3,354 94 

Rents, 1,474 52 

Taxes and fees, 4,099 54 

All other disbursements, * 3,716 70 

Total disbursements, $214,954 79 

Balance, $273,612 88 

Ledger Assets. 

Loans secured by collateral (town of Barrington notes), . $3,C00 00 

Stocks and bonds (Schedule A), . . . . . 214,655 85 

Cash in banks, 50,186 76 

Premiums in course of collection, 5,770 27 

Total ledger assets, $273,612 88 

Non-Ledger Assets. 

Interest due and accrued on bonds, 1,920 80 

Market value of stocks and bonds over book value, . . 13,932 65 

Gross assets, $289,466 33 

Liabilities. 

Unpaid losses, $353 45 

Unearned premiums on outstanding risks, .... 114,241 95 

Taxes, 3,741 07 

All liabilities, except surplus, $118,336 47 

Surplus, 171,129 86 

Total liabilities, $289,466 33 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



177 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $24,133,578 00 f 203,770 17 $1,018,850 85 
Risks written during 1901, . 29,642,804 00 242,045 69 1,210,228 45 



Total $53,776,382 00 $445,815 86 $2,229,079 30 

Risks expired and terminated, . 26,254,891 00 217,331 96 1,086,659 80 



In force at end of year, . . $27,521,491 00 $228,483 90 $1,142,419 50 

Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1904, 92.33 per cent. 



$ 10,720 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Providence city bonds, .... 

Boston city bonds, 

117 shares Providence & Worcester R.R., 

127 " Old Colony R.R , . 

100 " N. Y., New Haven & Hart. R.R., 

130 " Morris & Essex R.R., 

100 " Cleveland & Pittsburg R.R, . 

100 " Illinois Central R.R,, 

100 " Chicago Great Western R.R., . 

100 " Pitts., Bessemer & Lake Erie R.R 

105 " West End Street R.R., . 

500 " Pennsylvania R.R., . 

100 " Manhattan R.R., 



Book Value. 


Market Value. 


$16,500 00 


$16,500 00 


20,000 00 


20,600 00 


29,835 00 


33,696 00 


23,495 00 


26,035 00 


18,263 35 


19,850 00 


11,395 00 


12,122 50 


9,550 00 


9,250 00 


12,277 50 


13,570 00 


9,000 00 


8,700 00 


7,700 00 


7,500 00 


9,850 00 


9,765 00 


31,890 00 


34,500 00 


14,900 00 


16,500 00 


$214,655 85 


$228,588 50 



"EQUITABLE FIRE AND MARINE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $400,000. 

FRED. W. ARNOLD, President. SAMUEL G. HOWE, Secretary. 

Home Office, 1 Custom House Street. 

Income. 

Net fire premiums, $812,847.06; marine, $23,574.10, . . $836,42116 
Interest on mortgage loans, $8,552.21 ; collaterals, $1,169.26 ; 

stocks and bonds, $28,262.75; all other, $43.13,. . . 38,027 35 

Rents, 4,570 50 

Profit on sale or maturity of ledger assets, .... 16,250 00 

From all other sources, 296 40 

Total income, $895,565 41 

Ledger assets, Dec. 31, 1903, 1,189,994 91 



Total $2,085,560 32 



178 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $568,445.47; marine, $20,- 

364.56 $588,810 03 

Interest and dividends to stockholders, 28,000 00 

Commissions or brokerage, '. 186,381 12 

Salaries, fees, etc., of officers and employees, .... 52,890 61 

Repairs and expenses on real estate, 3,648 34 

Real estate taxes, $1,975.05; other taxes and fees, $24,651.80, 26,626 85 

Loss on sale or maturity of ledger assets, .... 7,866 50 

Profit and loss, . 1,052 74 

All other disbursements, 47,054 01 



Total disbursements, . 
Balance, 



. $942,330 20 



$1,143,230 12 



Ledger Assets. 

Real estate, $115,000; mortgages, $170,700, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents' balances, ...... 

Bills receivable, not matured, . 

Total ledger assets, 



$285,700 00 

25,500 00 

632,250 00 

65,300 43 

133,388 62 

1,091 07 

1,143,230 12 



Non-Ledger Assets. 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



670 00 
97,663 25 



Gross assets,* $1,241,563 37 



Assets not admitted. 



Agents 1 balances over three months due, 
Total admitted assets, 



3,222 09 



$1,238,341 28 



Liabilities. 

Unpaid losses, including $6,989.06 resisted, $90,783.68; less 
reinsurance, $4,50U, 

Unearned premiums on outstanding risks, $594,099.89 ; plus 
same on disallowed reinsurance, $5,521.85, . 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$532,435 86 



$86,283 68 

599,621 74 

5,000 00 

15,000 00 

$705,905 42 

400,000 00 
132,435 86 

$1,238,341 28 



* Including $70,000 special reserve held under Rhode Island law. 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



179 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $90,919,060 00 |1,152,336 61 
. 72,187,810 00 994,591 56 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$163,106,870 00 $2,146,928 17 
. 69,396,701 00 956,351 20 



.$93,710,169 00 $1,190,576 97 
. 4,421,996 00 51,297 44 



$89,288,173 00 $1,139,279 53 

$254,303 00 $15,520 76 
1,505,901 00 25,638 44 



51,760,204 00 $41,159 20 
1,508,473 00 24,815 08 



$251,731 00 $16,344 12 
8,450 00 713 50 



$243,281 00 $15,630 62 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), . 
Company's stock owned by directors, .... 



$10,017,801 


00 


. 6,025,396 


00 


578,489 


00 


25,315 


00 


781,500 00 


28,000 


00 


78,900 00 



Schedule A. 

Securities held as Collateral. 



201 shares Narragansett Elec. Light Co., 
127 " American Screw Co., 
2 " Rawson Fountain Society, 



Schedule B. 



City of Boston bonds, .... 
Milwaukee City R.R. Co. bonds, 
N. Y Central & Hudson River R.R. bonds, 
Lehigh Valley Terminal Co. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Bridgeport Traction Co. bonds, 
United Traction & Electric Co. bonds, 
Columbus, Ohio, St. R.R. Co. bonds, 
Milwaukee Elec. R'y and Light Co. bonds, 



Market Value. 


Loaned Thereon. 


$19,598 OOP 
12,700 00 \ 


$25,000 00 


600 00 


500 00 


$32,898 00 


$25,500 00 


he Company. 




Book Value. 


Market Value. 


$25,000 00 


$26,813 00 


5,000 00 


5,109 00 


12,000 00 


10,945 00 


10,000 00 


11,963 00 


8,()00 00 


2,918 00 


5,000 00 


5,350 00 


10,000 00 


11,217 00 


5,000 00 


5,450 00 


20,000 00 


22,( 67 00 



180 



THE FARMERS FIRE INSURANCE CO. 



Pawtucket Electric Co. bonds, . 

Metropolitan Water Works Co. bonds, . 

Rhode Island & Suburban R'y Co. bonds, 

Grand Rapids Gas Light Co. bonds, . 

State of Massachusetts bonds, . 

Cincinnati Edison Electric Co. bonds, 

Detroit Electric R'y Co. bonds, 

North Chicago St. R.R. Co. bonds, . 

Nor. Pac, Gt. Nor. R.R. Co , C, B. & Q. b'ds, 

Georgia R'y & Electric Co. bonds, . 

Utica & Mohawk Valley St. R.R. Co. bonds, 

Utica Electric Light & Power Co. bonds, 

Pennsylvania Steel Equipment Trust bonds, 

Pawtuxet Valley Water Co. bonds, . 

Chicago, Alton Equipment Association bonds, 

Atchison, Topeka & Santa Fe R.R. Co. bonds, 

Central R.R. of N. J. Car Equipment bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Southern Pacific R.R. Co bonds, 

United Elec. Lt. & Power Co. of Bait bonds, 

Missouri Pacific Equip. Association bonds, 

Cin., Hamil & Dayton R'y Co. Equip, bonds, 

500 shares Old Nat'l Bank of Providence, 

Nat'l Bank of Com of Providence, 
American N'l Bank of Providence, . 
Providence Gas Co. of Providence, 
N. Y. Cent. & Hudson R. R.R. Co., 
Illinois Central R.R Co , 
Chicago Gt. West R.R., . 
Wells, Fargo & Co. Express, . 
Providence Telephone Co., 
Worcester R'ys & Invest. Co., 
Underwriters' Salvage Corps., 
Pennsylvania R R. Co , . 
Narragansett Electric Lighting, 



300 
200 
600 
265 
320 
100 

50 
125 

50 

5 

400 

300 



Book Value. 

$ 10,000 00 

7,000 00 

15,000 00 

5,000 00 

75,000 00 

5,000 00 

5,000 00 

5,000 00 

50,000 00 

5,000 00 

5,000 00 

5,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

50,000 00 

15,000 00 

10,000 00 

30,000 00 

26,500 

32,000 

10,000 

5,000 

6,250 00 

5,000 00 

500 00 

20,000 00 

15,000 00 



Market Value. 

$10,342 00 

3,850 00 

13,800 00 



00 
00 
00 
00 



5,179 
72,563 

5,309 

5,196 

5,000 
50,738 

4,925 

5,100 

5,150 
19,833 
10,042 
10,317 

9,980 

9,825 
18,750 
10,126 

9,475 
10,442 
10,113 
51,000 
16,800 
11,200 
61,800 
37,961 
50,240 

8,610 
12,000 
13,625 

4,250 

500 

27,650 00 

26,400 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
25 
00 
00 
00 
CO 
00 
00 



$632,250 00 $729,913 25 



"THE FARMERS' FIRE INSURANCE COMPANY," YORK, PA. 

[Incorporated April 6, 1853. Commenced business May 16, 1853.] 
WM. H. MILLER, President. E. K. McCONKEY, Secretary. 

Home Office, 53 East Market Street. 



Income. 

Net fire premiums, $513,860 70 

Interest on mortgage loans, $9,520.26 ; collaterals, $965.05 ; 

stocks and bonds, $16,530.51 ; all other, $1,493.08, . . 28,508 90 

Rents, including company's own occupancy, .... 2,347 93 

Profit on sale or maturity of ledger assets, .... 2,024 27 

Total income, $546,741 80 

Ledger assets, Dec. 31, 1903, 815,936 43 

Total, $1,362,678 23 



THE FARMERS FIRE INSURANCE CO. 



181 



Disbursements. 

Net amount paid for fire losses, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Real estate taxes, $471.82 ; other taxes and fees, $10,891 

Profit and loss, 

All other disbursements, . . . 

Total disbursements, 

Balance, 



40, 



$401,184 35 

130,397 33 

37,913 50 

1,800 00 

11,363 22 

1,802 54 

39,397 44 

$623,858 38 

$738,819 85 



Ledger Assets. 

Real estate, $41,500; mortgages, $193,586.52, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, 

Total ledger assets, 



$235,086 52 

57,600 00 

315,940 39 

73,766 23 

56,426 71 

$738,819 85 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $6,649.13 ; stocks and bonds, $1,558.74 ; col- 
lateral loans, $4,099. 03 ; other assets, $154.38, . 

Rents accrued on company's property, . 

Market value of stocks and bonds over book value, 



12,461 28 

87 50 

88,735 37 



Gross assets, $840,104 00 



Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, .... 



3,763 62 



$836,340 38 



Liabilities. 

Unpaid losses, including $7,808 resisted, . 

Unearned premiums on outstanding risks, $450,367.84 

same on disallowed reinsurance, $120.55, . 
Reclaimable on perpetual fire policies, . 

Taxes (estimated), 

Agents' balances, 



plus 



$50,864 23 

450,488 39 

3,749 67 

5,000 00 

102 12 



All liabilities, except surplus, 
Surplus, 



$510,204 41 
326,135 97 



Total liabilities $836,340 38 



182 



THE FARMERS' FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, .... 
Perpetual risks in force (not included above), 



.f68,836,336 00 
. 43,144,340 00 

$111,980,676 00 
. 41,316,790 00 

. $70,663,886 00 
483,297 00 

. $ 70,180,589 00 
$130,125 00 



Premiums. 

$866,921 37 
569,763 09 

1,436,684 46 
552,579 50 

$884,104 96 
4,718 93 

$879,386 03 
$3,947 04 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



$11,293,060 00 

. 7,649,308 00 

406,516 00 



Schedule A. 
Securities held as Collateral. 



66 shares First National Bank, York, Pa., 
Middletown Water Co. bonds, . 
51 shares York Water Co , 

20 " York Trust Co. 

60 •« York Water Co., 
90 " First Nat 1 ] Bank, W^rightsville, Pa., 
Middletown Water Co. bonds, .... 
200 shares York Gas Co., 



Schedule B. 



Market Value. 

$13,860 00 

10,000 00 

1,938 00 

1,000 00 

2,280 00 

13,050 00 

15,000 00 

18,500 00 



Loaned Thereon. 

$18,000 00 

1,500 00 

500 00 

600 00 

10,000 00 

15,000 00 

12,000 00 



$75,628 00 $57,600 00 



Stocks and Bonds owned by the Company. 



N. C. R'y bonds, 

Philadelphia & Erie R.R. bonds, 

Shamokin, Sunbury & Lewisburg R.R. bonds 

Lehigh Valley R.R. bonds, 

Potomac Valley R'y bonds, 

Lehigh Valley Coal Co. bonds, 

Central Market House bonds, . 

York Felt & Paper Co. bonds, . 

United States bonds, 

12 shares Farmers 1 Nat'l Bank, York, Pa., 
50 " York Co. Nat'l Bank, York, Pa., 
75 " First National Bank, York, Pa., 

615 " York National Bank, York, Pa., 

333 " Pennsylvania R.R. Co., 
4,382 " York Water Co., . 

357 " York Gas Co., 

200 " Guardian Trust Co., York, Pa., 



Book Value. 

$8,640 00 
15,907 50 

9,750 
15,337 

9,250 
10,300 
10,000 

5,000 
39,771 

1,6,15 

2,130 
13,615 
27,797 
18,228 42 
106,665 50 
16,932 54 

5,000 00 



00 
50 
00 
00 
00 
00 
88 
00 
00 
00 
05 



Market Value. 

$8,870 00 

17,062 50 

10,716 17 

16,443 75 

11,650 00 

10,550 00 

9,833 34 

4,875 00 

36,575 00 

2,100 00 

2,300 00 

15,750 00 

30,135 00 

22,977 

166,516 

33,022 

5,300 



00 
00 
00 
00 



$315,940 39 $404,675 76 



FEDERAL INSURANCE CO. 183 



"FEDERAL INSURANCE COMPANY," JERSEY CITY, N. J. 

[Incorporated Feb. 1, 1901. Commenced business March, 1901.] 

Paid-up Capital, $500,000. 

PERCY CHUBB, President. MAX GRUNDNER, Secretary. 

Home Office, 15 Exchange Place. 

Income. 

Net fire premiums, $327,568.54; marine, $758,049.69, . . $1,085,618 23 
Interest on mortgage loans, $1,132.50; stocks and bonds, 

148,760.38; all other, $14,755.79, 64,648 67 

Profit on sale or maturity of ledger assets, .... 2,933 90 

Total income, . $1,153,200 80 

Ledger assets, Dec. 31, 1903, 1,756,731 77 

Total, $2,909,932 57 

Disbursements. 

Net amount paid for fire losses, $146,269.56; marine, $321,- 

894.71, $468,164 27 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 201,522 95 

Salaries, fees, etc , of officers and employees, . i . . 53,907 04 

Rents 1,630 16 

Taxes and fees, 25,645 30 

All other disbursements, 29,867 29 

Total disbursements, $830,737 01 

Balance, $2,079,195 56 

Ledger Assets. 

Mortgages, $30,000 00 

Stocks and bonds, etc. (Schedule A), 1,386,590 48 

Cash in banks and office, 400,954 81 

Agents' balances, 261,650 27 

Total ledger assets, $2,079,195 56 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $112.50; stocks and bonds, $15,308.71, . . 15,42121 

Gross assets, $2,094,616 7T 

Assets not admitted. 

Agents' balances over three months due, . $23,384 19 

Depreciation in book value of stocks and bonds, 19,656 48 

Total unadmitted assets, .... 43,040 67 

Total admitted assets, $2,051,576 10 



184 



FEDERAL INSURANCE CO. 



Liabilities. 

Unpaid losses, $275,441.19; less reinsurance, $39,500, . . $235,94119 
Unearned premiums on outstanding risks, $320,427.17 ; plus 

same on disallowed reinsurance, $64,339.38, . . . 384,766 55 

Salaries and other miscellaneous expenses, due or accrued, . 21,500 00 

Commissions and other charges due agents and brokers, . 21,001 24 

Due for reinsurance premiums, 34,321 24 

Reserve for contingencies, 175,000 00 

All liabilities, except capital and surplus, . . . $872,530 22 
Surplus to policy holders, . . . $1,179,045 88 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 679,045 88 

Total liabilities, $2,051,576 10 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $8,323,344 00 
. 34,363,188 00 

. $42,686,532 00 
. 15,183,373 00 

. $27,503,159 00 
. 2,605,270 00 



Premiums. 

$104,130 54 
452,549 46 

$556,680 00 
194,429 55 

$362,250 45 
35,124 68 



$24,897,889 00 $327,125 77 



.$35,572,101 00 

. 567,128,770 00 

$602,700,871 00 

. 524,724,474 00 

. $77,976,397 00 

. 37,142,856 00 



$140,671 86 
1,808,397 20 

$1,949,069 06 
1,671,015 95 

$278,053 11 
119,524 64 



. $40,833,541 00 $158,528 47 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



13,095,274 00 
1,359,086 00 
168,806 00 
501,708 00 
150,000 00 
50,000 00 
154,400 00 



Schedule A. 

Stocks, Bonds, etc., owned by the Company, 



American Cereal Co. bonds, 

American Dock & Improvement Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 



Book Value. 

$19,986 66 
21,618 47 
18,533 53 



Market Value. 

$20,000 00 
21,280 00 
18,950 00 



FEDERAL INSURANCE CO. 



185 



Central R.R. of New Jersey bonds, . 
Consol. Traction Co. of New Jersey bonds, 
Chicago & Alton R'y Co. bonds, 
Choctaw & Memphis R.R Co. bonds, 
Chic, Indianapolis & St. Louis R'y Co. bonds 
City of Elizabeth, N. J., bonds, 
City of Jersey City, N. J., water bonds, . 
City of East Orange, N. J., water bonds, 
City of New York, N. Y , bonds, 
County of Hudson, N. J., bridge bonds, . 
County of Essex, N. J., bridge bonds, 
East Tenn , Va , & Ga. R.R. Co. bonds, . 
Easton & Amboy R.R. Co. bonds, 
Elizabeth, Plainfield & C. Jersey R'y Co b'ds 
Elgin, Joliet & Eastern R'y Co. bonds, . 
Edison Electric Illuminating Co. bonds, . 
Flint & Pere Marquette R.R. Co. bonds, . 
Gas & Elec. Co. of Bergen Co., N. J., bonds, 
Illinois Central R.R. Co. bonds, 
Kings Co. Elec. Light & Power Co. bonds, 
Kentucky Central R'y Co. bonds, 
Long Dock Co. consolidated bonds, . 
Lehigh Valley Terminal R'y bonds, 
Mobile & Ohio R.R. Co. bonds, 
Midland R R. Co. of N. J. bonds, . 
National Starch Manufacturing Co. bonds, 
N. Y. Gas & Elec L't, H't & Power Co. bonds 
N. Y., Chicago & St Louis R.R Co. bonds, 
N. Y., Susquehanna & West. R.R. Co. bonds, 
North Jersey Street R'y Co bonds, . 
N. Y., Lake Erie & Western R.R. Co. bonds, 
Newark Passenger R'y Co. bonds, . 
Newark Consolidated Gas Co. bonds, 
N Y. & X. J. Telephone Co. bonds, 
N. Y. Cent. & Hudson River R.R, Co. bonds, 
N. Y, Phila. & Norfolk R.R. Co bonds, . 
Northern Pacific R.R. Co. bonds, 
Paterson Extension R.R. Co. bonds, 
Port Reading R'y Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
Peoria & Eastern R'y Co. bonds, 
Passaic County, N. J., bridge bonds 
Syracuse Lighting Co. bonds, . 
St. Joseph R'y, Light, Heat & Power Co. bonds 
Toledo & Ohio Central R.R. Co. bonds, . 
Trenton Gas & Electric Co. bonds, 
Terminal R.R. Asso. of St Louis bonds, . 
Western Union Telegraph Co. bonds, 
Washington Water Power Co. bonds, 
100 shares Consolidated Traction Co of N. J. 
267 " N. Y. & N. J. Telephone Co., 
200 " Metropolitan Street R'y Co., . 
10 " Underwriters' Salvage Co. of N. Y. 
4 " Pacific Coast Salvage Association, 
Atlantic Mutual Ins Co. scrip of 1903, 



00 
00 
00 
50 
00 
00 

11 

00 
00 
67 
25 



Book Value. 

$13,000 00 
27,375 00 
29,143 74 
11,575 00 

9,975 00 
50,375 00 
57,972 50 
15,862 50 
217,285 00 
51,875 00 
26,437 50 
11,813 89 
34,950 00 
25,250 00 
11,525 
27,475 
12,082 
25,062 
14,625 
12,150 
10,011 
27,021 
11,850 
12,876 
29,406 
10,676 67 

9,551 11 
21,435 56 
58,624 99 

8,150 00 
29,633 34 
29,507 50 
26,500 00 
29,774 70 
14,217 75 
10,062 50 

7,443 33 
28,176 

3,445 
23,654 

5,887 
26,125 

9,600 

9,500 
11,597 
53,000 00 
10,000 00 
21,622 22 
10,600 

6,812 
41,069 
30,800 

1,000 
500 
510 



25 
00 
24 
17 
00 
00 
00 
22 



00 
50 
50 
00 
00 
00 
61 



Market Value. 

$13,350 00 
27,000 00 
29,106 25 
11,050 00 
10,900 00 
50,000 00 
54,500 00 
15,525 00 
207,000 00 
51,750 00 
26,500 00 
12,050 00 
33,900 00 
25,000 00 
11,625 00 
27,425 00 
12,025 00 
25,125 
15,075 
12,325 
10,050 
26,900 00 
11,800 00 
12,600 00 
27,375 

8,950 

9,400 
20,750 
57,500 

9,750 00 
29,750 00 
28,562 
27,156 
28,210 
14,981 
10,200 00 

7,537 50 
27,375 

3,090 
25,875 

5,955 
26,187 
10,200 00 
10,100 00 
11,450 00 
53,000 00 
10,000 00 
21,437 50 
10,312 50 

7,975 00 
44,922 75 
24,100 00 

1,000 00 
500 00 
520 00 



00 
00 
00 

00 



00 
00 
00 
00 
00 



50 
25 
00 
25 



00 
00 
00 
00 
50 



$1,386,590 48 $1,366,934 00 



186 



FIRE ASSOCIATION OF PHILADELPHIA. 



"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.] 

Paid-up Capital, $500,000. 

E. C. IRVIN, President. M. G. GARRIGUES, Secretary. 

Home Office, 407 Walnut Street. 

Income. 

Net fire premiums, $3,848,012 53 

Deposit premiums on perpetual risks 52,968 53 

Interest on mortgage loans, $72,12 1.49 ; collaterals, $5,138. 11 ; 

stocks and bonds, $157,749.50; all other, $2,310.11, . . 237,319 21 

Rents, 29,498 90 

Profit on sale or maturity of ledger assets, . . . . 6,414 58 

From all other sources, 10,557 38 



Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



. $4,184,771 13 
. 6,156,792 75 

$10,341,563 88 



Disbursements. 

Net amount paid for fire losses, ...... 

Deposit premiums returned, ....... 

Interest and dividends to stockholders, ..... 

Commissions or brokerage, . 

Salaries, fees, etc., of officers and employees, .... 
Repairs and expenses on real estate, ..... 
Real estate taxes, $7,564 . 19 ; other taxes and fees, $85,385 . 30, 
All other disbursements, 

Total disbursements, 

Balance, 



$2,314,822 32 

124,603 12 

200,000 00 

969,336 90 

286,446 93 

11,059 33 

92,949 49 

85,312 82 

$4,084,530 91 

$6,257,032 97 



Ledger Assets. 

Real estate, $437,833.62 ; mortgages, $1,254,156.99, 

Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), 

Cash in banks and office, . . . 

Agents 1 balances, 

Total ledger assets, 



$1,691,990 61 

72,000 00 

3,623,600 22 

345,776 02 

523,666 12 

$6,257,032 97 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $21,902.71; stocks and bonds, $31,309.64 

collateral loans, $239.50, ..... 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 



53,451 85 

1,944 61 

5,066 38 

225,461 53 

7,215 05 



Gross assets, $6,550,172 39 



FIRE ASSOCIATION OF PHILADELPHIA. 



187 



Assets not admitted. 

Company's stock owned, $11,935 00 

Special deposits less $78,111 liab. thereon, . 29,748 00 

Reinsurance due on losses paid, . . . 619 36 

Total unadmitted assets, .... 



Total admitted assets, 



$42,332 36 
1,507,840 03 



Liabilities. 

Unpaid losses, including $32,375 . 78 resisted, $359,483 . 37 ; less 

reinsurance, $52,839.68, $306,643 69 

Unearned premiums on outstanding risks, $2,960,924 . 05 ; plus 

same on disallowed reinsurance, $2,907.33, . . . . 2,963,831 38 

Reclaimable on perpetual fire policies, 1,783,333 46 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



. $5,053,808 53 



,454,031 50 



500,000 00 
954.031 50 



Total liabilities, ' . . . $6,507,840 03 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



Premiums. 

5479,089,148 00 $5,837,032 10 
403,406,766 00 5,230,017 80 



$882,495,914 00 $11,067,019 90 
.380,016,257 00 4,827,834 56 



$502,479,657 00 $6,239,215 34 
. 41,465,782 00 523,610 65 



$461,013,875 00 $5,715,604 69 



Perpetual risks in force (not included above), $84,034,463 00 $1,945,359 59 

Miscellaneous. 



Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (40 per cent.), 

Company's stock owned by directors, . . . . 



$67,125,259 00 

38,347,070 00 

2,282,401 00 

6,779,762 00 

200,000 00 

30,700 00 



Schedule A. 

Securities held as Collateral. 



$3,000 mortgage, premises, Syracuse, N. Y., 
259 shares Merchants' National Bank, 
75 " United N. J. R.R. & Canal Co., 
Diamond State Steel Co. bonds, 
Jackson & Battle Creek Traction Co. bonds, 



Market Value. Loaned Thereon. 

$3,000 00 $2,800 00 
38,073 00) 

19,875 00 S 50,000 00 
7,700 00 ) 
23,400 00 19,200 00 



592,048 00 $72,000 00 



188 



KIRK ASSOCIATION OF PHILADELPHIA . 



Schedule B. 

Stocks and Bonds owned by the Company. 



City of Richmond certificates, . 

City of Taconia bonds, 

City of Portland, Ore., bonds, . 

City of Petersburg, Va., bonds, 

Atlantic City, N. J., bonds, 

City of Duluth bonds, 

City of Birmingham, Ala., bonds, 

State of Georgia bonds, . 

Lehigh Valley R.R. bonds, 

Belt R.R. and Stock Yards bonds, 

Louisville & Nashville R.R. bonds, 

Texas & Pacific R R. bonds, 

Camden & Atlantic R.R. bonds, 

Cincin , Hamilton & Dayton R.R. Co. bonds, 

Cin., Dayton & Ironton R.R. Co. bonds, . 

Chicago, Rock Island & Pac. R.R. Co. bonds, 

Northern Pacific R R. bonds, . 

Reading Co. bonds, . 

Ohio River R R. Co. bonds, 

Lynn & Boston R.R. Co. bonds, 

Lehigh Valley Coal Co bonds, 

Port of Portland, Ore., bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Evansville & Terre Haute R.R. Co. bonds, 

Newark Passenger R'y Co. bonds, . 

Terminal R.R. Associa., St. Louis, bonds, 

Philadelphia City Passenger R'y Co. bonds, 

Cleveland Electric R.R. Co. bonds, . 

Toledo Electric Street R'y bonds, 

Central of Georgia R'y Co. bonds, . 

United Traction Co. of Pittsburgh bonds, 

Colorado Springs Electric Co bonds, 

Fairmount Park Transportation Co. bonds, 

Chicago Edison Co. bonds, . . , 

Minneapolis Street R'y Co. bonds, . 

Trenton Street R'y Co. bonds, . 

Seaboard & Roanoke R'y Co. bonds, 

Wilmington & Chester Traction Co. bonds, 

Cleveland, L & Wheeling R.R. Co. bonds, 

Trenton Gas & Electric Co. bonds, . 

Harrisburg Light, Heat & Power Co bonds, 

The People's R.R. Co. of Syracuse bonds, 

Fort Pitt Traction Co. bonds, . 

Chicago Suburban Water & Light Co. bonds, 

West Chester Lighting Co. bonds, . 

Wheeling Traction Co bonds, . 

Connecticut R'y & Lighting Co. bonds, 

Elmira Water, Light & R.R. Co. bonds, 

Brooklyn Union Elevated R.R. Co. bonds 

Shawinigan Water & Power Co. bonds, 

Erie R.R. Co. bonds, .... 

Wabash R.R. Co. bonds, . 

Chesapeake & Ohio R.R. Co. bonds, 

Passaic Steel Co. bonds, . ... 

Edison Electric Light Co. certificates, 



00 
00 
00 
00 
25 
25 
00 
33 
00 



25 
00 
00 
00 
00 



Hook Value. 

$93,317 00 
40,450 
16,950 
53,500 
27,445 

109,996 
73,058 
26,875 

172,583 
52,500 
56,800 00 
9,572 50 
31,425 00 
20,200 00 
24,250 00 
25,600 70 
33,966 25 
68,431 
24,000 
51,125 
15,450 
41,325 

154,106 95 
51,500 00 
22,040 00 
74,450 00 
53,500 00 
60,512 50 
31,290 00 
90,543 75 
49,750 00 
50,000 00 
52,537 50 
52,250 00 
48,437 50 
19,000 00 
51,625 00 
50,500 
53,750 
4(',625 
25,500 
13,920 
57,825 
25,000 00 
20,500 00 
49,500 00 
49,750 00 
24,365 00 
60,300 00 
24.500 00 
69,625 
21,875 

132,482 
47,500 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 



00 
00 
50 
00 



13,325 00 



Market Value. 

$99,098 00 
42,000 00 
17,925 00 
62,250 00 
30,750 00 

116,250 00 
76,400 00 
27,750 00 

204,875 00 
57,000 00 
73,080 00 
9,000 00 
32,400 00 
23,000 
28.750 
26,625 
35,700 
76,250 00 
29,000 00 
57,500 00 
17,100 00 
45,045 00 

170,500 00 
53,000 00 
25,300 00 
88,500 00 
53,500 00 
62,400 00 
31,500 00 

104,375 00 
58,000 00 
50,000 00 
50,125 00 
52,000 00 
53,000 00 
21,000 00 
56,000 00 
52,500 00 
56,250 00 
43,200 00 
25,000 00 
14,430 00 
57,375 00 
25,000 00 
21,900 00 
50,000 00 
48,750 
25,500 
65,700 
25,500 
71,750 00 
21,250 00 

137,385 00 
50.000 00 
14,170 00 



00 
00 
00 
00 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 189 



Westinghouse Elec. & Mfg. Co. certificates, 
United R'ys certificates, .... 
United Gas & Electric Co. bonds, 
Pennsylvania Steel Equipment bonds, 
St. Joseph R'y, Lt , Ht. & Power Co. bonds, 
Iron Mountain Car bonds, 
Atchison, Topeka & Santa Fe R.R Co. bonds 
Philadelphia Co. bonds, .... 
Elmira, Courtland & Northern R R Co. bonds 
Pitts., McKeesp. & Greensb. R.R. Co. bonds, 
Pikes Peak Hydro-Electric Co. bonds, 
St. Louis & San Francisco R.R. Co bonds, 
Toledo & Ohio Central R'y Co. bonds, 
Metropolitan Cross-Town R'y Co. bonds, 
Southern R'y Co. Equipment notes, . 
Pennsylvania R.R. Co. bonds, . 
Wilkinsburg & East Pitts St. R'y Co. bonds, 
Omaha & Council Bluffs St. R'y Co. bonds, 
Det., Roch , Romeo & Lake Orion R'y bonds, 
3L shares Fire Association, . 

331 " Ph , Ger. & Nor R.R. Co., . 
70 " Chestnut Hill R R. Co., 
35 " Philadelphia Bourse, 
5 " Underwriters' Salvage Co., . 

500 " Philadelphia Traction Co., . 

306 " Illinois Southern R'y Co., . 

250 " Colorado Springs Electric Co , 

500 " Passaic Steel Co., . 

200 " Philadelphia Co , . 
1,000 " Pennsylvania R.R , 

300 " Union National Bank, 

200 " Cambria Steel Co , 
37 " United Gas & Electric Co 

188 " Pikes Peak Electric Co., 

500 " General Asphalt Co. of America, 



Book Value. 

$25,625 00 
20,750 00 

24,375 00 
25,135 00 
50,000 00 
47,125 00 
26,000 00 
37,790 00 
23,250 00 
23,750 00 
47,565 00 
46,195 00 
26,781 25 
48,357 40 
48,000 00 
54,875 00 
48,625 
15,750 

8,947 
30,666 

6,401 

1,375 

500 

28,709 

7,650 



00 
00 
86 
36 
75 
00 
00 
37 
00 



9,550 00 
68,687 50 
36,975 00 

4,750 00 



Market Value. 

$ 25,750 00 
24,900 00 

2,500 00 
25,000 00 
25,375 00 
51,000 00 
52,000 00 
25,750 00 
38,340 00 
23,250 00 
23,750 00 
49,625 00 
47,625 
26,781 
50,000 
51,250 
55,000 
48,625 
15,750 
11,935 
52,463 

4,550 

177 

500 

49,375 

1,250 

3,750 



00 
25 
00 
00 
00 
00 
00 
00 
50 
00 
50 
00 
00 
00 
00 



8,200 

69,000 

34,500 

5,200 

2,531 



00 
00 
00 
00 
50 



67,577 50 20,750 00 



1,623,600 22 $3,849,061 75 



"THE FIRE INSURANCE COMPANY OF THE COUNTY OF 
PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated May 31, 1832. Commenced business April 11), 1833.] 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary/. 

Home Office, 110 S. 4th Street. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $9,131.98 ; collaterals, $3 16. 34 

stocks and bonds, $24,627.72; all other, $1,833.13, . 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, ....... 

Total income, ........ 

Ledger assets, Dec. 31, 1903, 

Total, 



$247,651 58 
4,226 74 

35,909 17 

4,619 42 

254 95 

2,022 11 

$294,683 97 
835,110 11 

$1,129,794 08 



190 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



Disbursements. 

Net amount paid for fire losses, 

Deposit premiums returned, .... 

Interest and dividends to stockholders, . 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $974.22 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, ..... 

Balance, 



1,980.70, 



$111,015 


47 


12,243 


41 


24,000 


00 


60,634 00 


14,091 


86 


1,800 


00 


710 


78 


7,954 92 


3,807 


17 


18,323 


27 


$254,580 


88 


$875,213 


20 



Ledger Assets. 

Real estate, $62,702.90; mortgages, $204,950, 
Loans secured by collateral (21 shares Union Pass 
Stocks and bonds (Schedule A), 
Cash in banks and office, ..... 

Agents' balances, 

All other ledger assets, 

Total ledger assets, 



R'yCo.), 



$267,652 90 

3,700 00 

520,038 54 

45,770 42 

34.058 08 

3,993 26 

$875,213 20 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,478.12; collateral loans. $39.78; other 

assets, $100 

Rents accrued on company's property, .... 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



2,617 90 

60 50 

18,262 10 

71,418 84 

$967,572 54 



Liabilities. 

Unpaid losses, including $2,500 resisted, $27,101.08; less 

reinsurance, $3,134.28, $23,966 80 

Unearned premiums on outstanding risks, $170,931.54; plus 

same on disallowed reinsurance, $108.29, .... 171,039 83 

Reclaimable on perpetual fire policies, 203,488 64 

Commissions and other charges due agents and brokers, . 5,823 65 

All liabilities, except capital and surplus, . . . $404,318 92 
Surplus to policy holders, .... $563,253 62 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 163,253 62 



Total liabilities, 



$967,572 54 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 191 



Risks and Premiums. 



Fire risks outstanding Dec. 81, 1903, 
Fire risks written during 1904, 

Total,. . . 
Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. |30,230,876 00 

. 24,571,249 00 

.|54,802,125 00 

. 23,917,613 00 

.$30,884,512 00 

. 2,280,389 00 

.$ 28,604,123 00 



Premiums. 

$358,365 17 
309,884 21 



Perpetual risks in force (not included above), $9,343,644 00 



,249 38 
304,758 94 

$363,490 44 
24,973 93 

$338,516 51 

$224,523 27 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$4,251,869 00 

2,666,537 00 

99,675 00 

852,408 00 

24,000 00 

122,800 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



City of Camden bonds, 

Lehigh Valley R R. bonds, 

Delaware & Bound Brook R.R. Co. bonds, 

Penn. & N. Y. Canal & R.R. bonds, . 

Philadelphia & Erie R.R. bonds, 

Pennsylvania R.R. bonds, 

Penn. & Northwestern R.R. Co. bonds, 

Lehigh Valley R R. bonds, 

Northern Central R'y Co bonds, 

Philadelphia & Reading Terminal bonds, 

Pitts., Cin., Chic & St. Louis R'y Co. bonds, 

Catawissa R.R. Co. bonds, 

Norfolk & Western R'y bonds. 

Wladikawkas R'y bonds, .... 

Iron Mt. Car bonds, 

Erie Railroad Car bonds, .... 
Phila., Bait. & Wash R R. Co. bonds, 
Pennsylvania Co. bonds, .... 
Pennsylvania Steel Co. bonds, . 
Philadelphia Co. bonds, .... 
Equitable Ilium. Gas L't Co of Phila. bonds, 
Western Union Telegraph Co bonds, 
Phila City Passenger R'y Co. bonds, 
Newark Passenger R'y Co. bonds, . 
Elec & People's Traction bonds, 

11 shares Elmira & Williamsport R.R, . 
264 " Phila., Ger. & Norris. R.R. Co., 
150 " United Cos. of N. J., 
470 " Pennsylvania R.R Co., . 
104 " North Pennsylvania R.R. Co., 
205 " Germantown Passenger R'y Co., 
100 " 2d & 3d St. Passenger R'y Co., 



Boob Value. 

$1,280 00 
10,15!) 00 
28,867 50 

7,387 50 
10,600 00 
20,337 50 
10,400 
48,287 
11,550 
12,050 
23,400 

4,300 

4,897 
15,000 

5,000 

5,000 

5,225 
19,750 



5,425 
16,507 
16,425 

3,240 

4,625 
23,359 
550 
28,847 
29,217 
26.502 

8,699 
17,744 
16,816 



00 
50 
00 
00 
00 
00 
50 
00 
00 
00 
00 
00 



15,250 00 



00 
50 
00 
00 
00 
00 
00 
05 
39 
00 
50 
60 
00 



Market Value. 

$1,050 00 

9,430 00 
24,840 00 

6,300 00 
11,575 
18,512 
11,200 
54,370 
11,900 
12,350 
22,425 

4,200 

5,000 
14,250 

5,000 

5,000 

5,387 
20,000 
16,125 

5,500 
16,350 
16,200 

3,150 

5,750 
25,250 00 
550 00 
41,844 00 
40,950 00 
32,459 38 
10,920 00 
27,880 00 
30,000 00 



00 
50 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
50 
00 
00 
00 
00 
00 
00 
00 



192 



fireman's FUND INSURANCE CO. 



20 shares 13th & 15th Sts. Pass. R'y Co , 

50 " Frank. & Southw. P. C. P. R.R. Co , 

164 " Union Traction Co. of Phila.,. 

200 " Philadelphia Traction Co., 

35 " Nat'l Bank of Northern Liberties, . 

28 " Bank of North America, Phila., 

10 " First Nat'l Bank of Phila., 



Book Value. 

$4,500 00 

16,656 25 

2,870 00 

18,225 00 

11,516 25 

7,458 00 

2,102 50 



Market Value. 

$6,080 00 

22,000 00 

9,676 00 

19,800 00 

8,750 00 

7,728 00 

' 1,700 00 



$520,038 54 $591,457 38 



"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO, 

CAL. 

[Incorporated May 3, 1863. Commenced business June 18, 1863.] 

Paid-up Capital, $1,000,000. 

WM. J. L>UTTON, President. LOUIS WEINMANN, Secretary. 

Home Office, 401 California Street. 



Income. 

Net fire premiums, $3,775,984.84 ; marine, $489,402.99, 
Interest on mortgage loans, $11,837.68; collaterals, $17,- 
908.18; stocksand bonds,$165,516.73; all other,$ 11,849.83, 
Rents, including company's own occupancy, .... 

Total income, 

Ledger assets, Dec. 31, 1903, 

Total 

Disbursements. 

Net amount paid for fire losses, f 2,005,458.48 ; marine, $ 257,- 

764.29, 

Interest and dividends to stockholders, ..... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupancy, .... 
Real estate taxes, $9,122.95 ; other taxes and fees, $ 73,529. 12, 
Loss on sale or maturity of ledger assets, .... 

Profit and loss, 

All other disbursements, 

Total disbursements, 



$4,265,387 83 

207,112 42 
19,857 02 

. $4,492,357 27 
. 5,529,142 15 

$10,021,499 42 



$2,263,222 77 

120,000 00 

763,243 86 

300,416 06 

8,400 00 

82,652 07 

2,415 04 

31,933 17 

250,121 41 

$3,822,404 38 



Balance $6,199,095 04 



Ledger Assets. 

Real estate, $517,750 ; mortgages, $213,400, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, 

Bills receivable, not matured, . 

All other ledger assets, 

Total 

Less ledger liabilities, 

Total ledger assets, 



$731,150 00 

428,250 00 

3,883,926 02 

456,597 73 

662,050 12 

50,031 31 

17,003 59 

56,229,008 77 
29,913 73 

>6,199,095 04 



fireman's FUND INSURANCE CO. 



193 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,349.13 ; collateral loans, $1,986.54, . 
Market value of stocks and bonds over book value, 

Gross assets, 



$3,335 67 
214,951 48 

1,417,382 19 



Assets not admitted. 

Agents' balances over three months due, . $36,648 41 

Special deposits less $112,058.76 liab. thereon, 42,741 24 

Depreciation in book value of real estate, . 15,000 00 

Total unadmitted assets, .... 



94,389 6b 



Total admitted assets, 



1,322,992 54 



Liabilities. 

Unpaid losses, including $6,266.67 resisted, $399,379.43 ; less 

reinsurance, $106,624.16, $292,755 27 

Unearned premiums on outstanding risks, $2,875,715 . 34 ; plus 

same on disallowed reinsurance, $98,693.33, . . . 2,974,408 67 



All liabilities, except capital and surplus, . . . $3,267,163 94 
Surplus to policy holders, .... $3,055,828 60 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 2,055,828 60 



Total liabilities, . 



. $6,322,992 54 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, . 

Amount reinsured, .... 



$365,462,515 00 

. 488,906,553 00 

$854,369,068 00 

.372,700,530 00 

$481,668,538 00 

. 60,927,382 00 



Premiums. 

K,738,041 70 
5,362,420 89 

$10,100,462 59 
4,323,591 29 

j,776,871 30 
792,256 50 



$420,741,156 00 $4,984,614 80 



. $11,579,875 00 

. 147,418,838 00 

$158,998,713 00 

. 146,404,830 00 

.$12,593,883 00 

. 5,014,674 00 



$385,042 74 

970,817 31 

1,355,860 05 

950,866 47 

$404,993 58 

184,535 67 



Net amount in force, . 



. $7,579,209 00 $220,457 91 



194 



FIREMAN S FUND INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$50,493,881 

26,357,161 

2,010,300 

303,597 

3,716,000 

120,000 



00 
00 
00 
00 
00 
00 



107,600 00 



Schedule A. 
Securities held as Collateral. 



390 shares B'kof Sonoma Co., Petalurna,Cal., 
Olaa Sugar Co , Hawaii, bonds, 

600 " Cal. SafeDep. & Tr. Co., S. F, 
Loan to Merchants 1 Exchange of San Francisco 

secured by 15 memberships, . 
250 shares Contra Costa Water Co., 
475 " Chutes Co., S. F., . 
Sierra R'y Co. of California bonds, . 
5,000 shares Olaa Sugar Co., . 
1,250 " HiloR'yCo., 
Puna Sugar Co. bonds, 
350 shares California Wine Association, 
100 " Cal. Safe Dep. & Tr. Co. of S. F., 
100 " El Dorado Lumber Co., . 
Oakland Transit Co of California bonds 
Northern R'y Co. of California bonds, 
S. P. of California bonds, . 
S. F. & Northern Pacific R.R. bonds, 
Presidio & Ferries R.R. Co. bonds, . 
359 shares Presidio & Ferries R.R. Co., 

50 " American National Bank, 

50 " Bank of Healdsburg, 
Petaluma & Santa Rosa R'y Co. bonds, 
Los Angeles Pacific R'y Co. bonds, . 
250 shares Pacific Borax Co., . 
32i " First N'l B'k of Winnemucca, Nev., 



Market Value. Loaned Thereon. 

|54,600 00 $34,000 00 

43,700 00 40,000 00 

90,000 00 48,000 00 



7,500 00 
6,250 00 ) 
2,375 00 I 
22,000 00 
50,000 00 ^ 
21,250 00 S 
10,000 00 ) 
28,700 00 
15,000 00 t 
5,000 00 s 
22,000 00 
26,625 00^ 
15,500 00 | 
24,750 00 )> 
9,000 00 | 
14,360 00 J 
6,500 00 
6,250 00 
30,000 00 
67,000 00 
39,250 00 
4,387 50 



} 



7,500 00 

6,250 00 

20,000 00 

50,000 00 

24,500 00 
10,000 00 
15,000 00 

70,000 00 



25,000 00 

50,000 00 

25,000 00 

3,000 00 



$621,997 50 $428,250 00 



Schedule B. 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $204,701 56 $209,600 00 

Omnibus Cable R'y Co., S. Fran., Cal., bonds, 128,302 08 145,500 00 

Market St. R'y Co., San Francisco, Cal., bonds, 128,982 50 139,800 00 

Powell St. R'y Co., San Fran., Cal., bonds, . 24,217 50 24,860 00 

Sutter St. R'y Co., San Francisco, Cal., bonds, 55,847 50 59,890 00 

Pres. & Fer. R.R. Co., San Fran., Cal., bonds, . 54,662 50 54,000 00 

Park & Cliff House R'y bonds, . . 5,450 00 5,250 00 

Los Angeles R'y Co., Los Angeles, Cal., bonds, 81,823 75 81,550 00 

Oakland Transit Co. bonds 17,712 50 17,000 00 

San Fran. & San Joaquin Val. R'y Co. bonds, . 78,707 50 83,650 00 

San Francisco & North Pacific R'y bonds, . 59,107 50 59,625 00 

Pacific Electric R'y Co. bonds, . . . . 91,455 00 89,675 00 



FIREMAN S FUND INSURANCE CO. 



195 



South Pacific Coast R'y Co. bonds, . 
Stamped South. Pacific R.R. of Cal. bonds, 
Southern Pacific Co. of Cal. bonds, . 
South. Pacific R.R. of Cal., unstamped bonds, 
Southern Pacific Branch bonds, 
Sierra Railway of California bonds, 
North Pacific Coast R.R. Co. bonds, 
California Northwestern R'y Co. bonds, . 
San Francisco, Oakland & San Jose R.R. b'ds 
Petaluma & Santa Rosa R'y Co., Cal., bonds, 
Spring Valley Waterworks of San Fran., b'ds 
Pacific Gas Improvement Co. bonds, 
The Risdon Iron & Locomotive Works bonds 
San Francisco Dry Dock Co bonds, 
Oakland Gas, Lt. & Ht. Co., Oak., Cal., bonds 
Stockton Gas & Elec. Co., Stock., Cal., bonds 
Bay Counties Power Co. bonds, 
California Central Gas & Electric Co. bonds, 
California Gas & Electric Co. bonds, 
San Francisco Gas & Electric Co. bonds, . 
Edison Electric Co., Los Angeles, Cal., bonds 
Valley Counties Power CO., Cal., bonds, . 
Northern Cal. Power Co., Cal , bonds, 
Siskiyou Electric Power Co., Cal., bonds, 
Keswick Electric Power Co., Cal., bonds, 
Hanford Gas & Power Co., Cal., bonds, . 
Nevada Electric Power Co., Cal., bonds, . 
Sunset Telephone & Telegraph Co. bonds, 
American Hawaiian S.S. Co.,N. Y, N. Y., b'ds 
Baker City, Ore., school bonds, 
Riverside Water Co. bonds, 
Honolulu Rapid Transit & Land Co. bonds, 
Oahu Railway & Land Co. bonds, 
Olaa Sugar Co. bonds, 
Hilo R.R. Co., Honolulu, H. I., bonds, 
Oahu Sugar Co. of Honolulu, H. I., bonds, 
2,986 shares Home Fire & Mar. Ins. Co. of Cal. 
410 " Bank of Cal., San Fran., Cal., 
130 " First Nat'l Bank, San Fran., Cal. 
225 " Anglo-Cal. B'k, Ltd., S. F., Cal., 
100 " Mercantile Tr. Co., S. F., Cal., 

10 " Union Trust Co., . 
450 " Oakland B'k of Sav., Oak., Cal., 
50 " Union Nat'l Bank, Oakland, Cal. 
304 " San Francisco National Bank, 
83 " Security Savings Bank, S. F., 
130 " N.B'k of D. O. Mills & Co., S ,Cal. 
1,000 " Cal. St. Cable R.R. Co., S. F., Cal. 
550 " Pres. & Fer. R.R. Co., S F., Cal. 
800 '« S. F. Gas & El. Co., San. F., Cal. 
375 " Cal. Gas & Electric Co., 
366 " Pacific States Tel. & Tel. Co., 
1,200 " Spring Val. W. W., S. F., Cal., 
100 " San Jose Wat. Co., San J., Cal., 
656 « San. F. Dry D'k Co., San F., Cal. 
656 " Mission Rock Co., San F., Cal., 
100 " Marin County Water Co., . 



00 
00 
00 
00 



Book Value. 

$190,625 00 
110,105 00 

2,977 50 
30,375 00 
101,075 00 
21,053 33 
89,472 50 
22,150 00 
119,149 99 
49,536 13 
58,982 50 
32,045 00 
57,937 50 

5,500 00 
74,290 00 
54,265 
63,175 
25,625 
37,500 
60,142 50 

4,908 35 
43,750 00 
34,750 00 
10,000 00 
20,000 00 

9,787 50 
29,250 00 
76,470 00 
21,850 00 

6,850 00 
17,485 75 
47,551 95 
31,275 00 
29,990 00 
47,500 00 
20,000 00 
600,403 50 
150,967 00 

1,986 58 
15,560 88 
10,000 00 
18,000 00 
25,144 17 

7,250 00 
33,404 50 
31,350 00 
39,000 00 
96,763 25 
29,462 
67,927 
18,750 
38,145 
58,886 

9,000 



50 
50 
00 
50 
25 
00 



00 
00 
00 
00 
00 



37,429 00 
6,125 00 



Market Value. 

$186,200 00 
108,000 00 
3,000 00 
28,750 00 
98,550 00 
22,000 00 
87,565 00 
22,500 00 
123,625 00 
50,000 00 
53,040 00 
32,980 
57,750 
5,600 
76,325 
52,650 
60,900 00 
26,250 00 
42,500 00 
60,000 00 
5,000 00 
42,500 00 
35,000 00 
10,000 00 
20,000 00 
10,000 00 
29,250 00 
74,200 00 
22,880 00 
7,245 00 
20,000 00 
53,000 00 
30,900 00 
28,500 00 
47,500 00 
20,000 00 
600,000 00 
172,200 00 
41,600 00 
19,687 50 
22,500 00 
20,000 00 
49,500 00 
8,250 00 
45,600 00 
31,540 00 
39,000 
200,000 
22,000 
43,200 
18,750 
38,430 00 
46,800 00 
10,000 00 

39,360 00 

5,900 00 



00 
00 
00 
00 
00 



$3,883,926 02 $4,098,877 50 



196 firemen's insurance co. 



" FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.," 

NEWARK, N". J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 
Paid-up Capital, $1,000,000. 
DANIEL H. DUNHAM, President. A. H. HASS1NGER, Secretary. 

Home Office, 784 Broad Street. 

Income. 

Net fire premiums, $956,925 91 

Interest on mortgage loans, $74,434 ; stocks and bonds, $74,- 

891.12, • . . . . 149,325 12 

Rents, 11,998 52 



Total income, SI, 118,249 55 

Ledger assets, Dec. 31, 1903, . .... 2,781,080 04 



Total, $3,899,329 59 



Disbursements. 

Net amount paid for fire losses, $395,388 40 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 233,605 19 

Salaries, fees, etc., of officers and employees, .... 41,259 76 

Repairs and expenses on real estate, 3,479 60 

Real estate taxes, $5,937.23 ; other taxes and fees, $25,514.24, 31,451 47 

Loss on sale or maturity of ledger assets, .... 7,377 37 

All other disbursements, 49,295 88 



Total disbursements, • . . $881,857 67 



Balance, $3,017,471 92 



Ledger Assets. 

Real estate, $117,484.86; mortgages, $1,530,898.60, . . $1,648,383 46 

Stocks and bonds (Schedule A), 1,192,300 00 

Cash in banks and office, 65,586 98 

Agents' balances, 111,201 48 



Total ledger assets, $3,017,471 92 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $22,954.25; stocks and bonds, $8,187.50, . 31,141 75 

Rents due on company's property, 14 00 

Market value of stocks and bonds over book value, . . 490,575 00 

Reinsurance due on losses paid, 573 86 



Gross assets, $3,539,776 53 



firemen's INSURANCE CO. 



197 



Assets not admitted. 



Agents' balances over three months due, 
Reinsurance due on losses paid, 
Total unadmitted assets, . 

Total admitted assets, 



$59 22 
573 86 



$633 08 



$3,539,143 45 



Liabilities. 

Unpaid losses, including $5,911.10 resisted, $103,289.94; less 
reinsurance, $11,879.94, 

Unearned premiums on outstanding risks, $797,757.23; plus 
same on disallowed reinsurance, $77.50, . 

Unpaid scrip, 

Interest due or accrued, . ' 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $2,647,517 50 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



$91,410 00 

797,834 73 

1,887 00 

494 22 



,625 95 



1,000,000 00 
1,647,517 50 



Total liabilities, $3,539,143 45 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$142,607,297 00 $1,351,430 92 
. 92,656,813 00 1,196,032 52 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$235,264,110 00 $2,547,463 44 
. 68,891,175 00 949,138 00 



$166,372,935 00 $1,598,325 44 
. 10,304,957 00 100,617 28 



$156,067,978 00 $1,497,708 16 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$12,083,371 00 

5,696,869 00 

427,957 00 

2,390,500 00 

850,000 00 

120,000 00 

235,050 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Morris & Essex R.R. bonds, 

North Hudson Co. R'y Co. bonds, . 

Newark Gas Co. bonds, . 

Lehigh Valley Terminal R'y bonds, 

Newark Passenger R'y Co. bonds, . 

Atlantic City, N. J., water bonds, 

Passaic Water Co. bonds, . 



Book Value. 

$50,000 00 

55,000 00 

50,000 00 

50,000 00 

20,000 00 

22,000 00 

20,000 00 



Market Value. 

$64,000 00 
60,650 00 
67,000 00 
56,500 00 
22,400 00 
24,200 00 
21,200 00 



198 



firemen's MUTUAL INSURANCE CO. 



Consolidated Traction Co. bonds, 

Consumers' Heat, Light & Power Co. bonds, 

Central R.R. of New Jersey bonds, . 

United Electric Co. (N. J.) bonds, . 

Newark Consolidated Gas Co. bonds, 

N. Y., L. Erie & West. R.R. Dock & Imp. b'ds 

Trenton Passenger R'y Co. bonds, . 

Hudson Co. Gas Co. bonds, 

Trenton Gas & Electric Co. bonds, . 

N. J. & N. Y. R.R. bonds, . 

American Dock & Improvement Co. bonds, 

N. Y., Susquehanna & West. R.R. Co. bonds, 

United N. J. R.R. & Canal Co. stock, 

Delaware, Lackawanna & Western R.R. stock 

Morris & Essex R.R. stock, 

Newark Consolidated Gas Co. stock, 

National Newark Banking Co. stock, 

National State Bank stock, 

Essex County National Bank stock, 

Manufacturers' National Bank stock, 

Consolidated Rosendale Cement Co. stock, 

Merchants' National Bank stock, 

N. Y. & N. J. Telephone stock, 

Rapid Transit R'y Co. stock, . 

Western Adjustment & Inspection Co. stock, 

Consolidated Traction .Co. stock, 

Hackensack Water Co. bonds, . 



Book Value. 

$100,000 00 
10,000 00 
25,000 00 
100,000 00 
100,000 00 
20,000 00 
30,000 00 
40,000 00 
10,000 00 
20,000 00 
20,000 00 
25,000 00 
15,000 00 
60,000 00 
70,000 00 
40,000 00 
40,000 00 
32,500 00 
20,000 00 
10,000 00 
4,000 00 
20,000 00 
38,500 00 
15,000 00 
300 00 
40,000 00 
20,000 00 



Market Value. 

$107,000 00 

10,500 00 

32,500 00 

67,000 00 

107,000 00 
22,400 00 
37,200 00 
42,400 00 
10,500 00 
21,200 00 
22,200 00 
28,000 00 
40,500 00 

180,000 00 

126,700 00 
32,000 00 

136,000 00 
65,000 00 
68,000 00 
17,500 00 
800 00 
50,000 00 
57,750 00 
36,000 00 
375 00 
30,000 00 
18,400 CO 



$1,192,300 00 $1,682,875 00 



"FIREMEN'S MUTUAL INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated May 1, 1854. Commenced business September 1, 1854.] 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 

Home Office, 10 Weybosset Street. 



Income. 

Net premiums, $868,856 33 

Interest on stocks and bonds, $42,698 . 34 ; all other, $6,37 1.12, 49,069 46 

Profit on sale or maturity of ledger assets, .... 20,100 00 

Total income, $938,025 79 

Ledger assets, Dec. 31, 1903, 984,547 69 



Total, . 



,922,573 48 



Disbursements 

Net amount paid for losses, 

Profits on terminated policies, . 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 



$65,607 44 

760,821 64 

13,266 00 

925 00 

16,522 99 

1,755 51 



firemen's MUTUAL INSURANCE CO. 199 

Inspections, $12,774 41 

All other disbursements, 2,551 40 



Total disbursements, $874,224 39 



Balance, $1,048,349 09 

Ledger Assets. 

Stocks and bonds (Schedule A), $ 819,212 50 

Cash in banks, 196,507 29 

Premiums in course of collection, 12,629 30 

American Telephone & Telegraph Co. (3-year notes), . . 20,000 00 

Total ledger assets, f 1,048,349 09 

Non-Ledger Assets. 
Interest accrued : — 

On bonds, $8,564.66; other assets, $1,717.34, . . . . 10,282 00 

Market value of stocks and bonds over book value, . . 244,860 50 



Gross assets, $1,303,491 59 

Liabilities. 

Unpaid losses $1,707 09 

Unearned premiums on outstanding risks, .... 426,565 29 

Taxes due and accrued, 12,955 80 



All liabilities, except surplus, $441,228 18 

Surplus, 862,263 41 



Total liabilities, $1,303,49159 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $99,969,788 00 $814,993 80 $4,074,969 00 
Risks written during 1904, . 112,950,728 00 907,977 56 4,539,887 80 



Total $212,920,516 00 $1,722,971 36 $8,614,856 80 

Risks expired and terminated, . 106,998,321 00 869,840 77 4,349,203 85 



In force at end of year, . $105,922,195 00 $853,130 59 $4,265,652 95 

Miscellaneous. 

Losses incurred during the year, $61,998 00 

Profits or surplus returned during 1904, 91.58 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds $120,000 00 $136,400 00 

Rhode Island State bonds 100,000 00 103,000 00 

Columbus Street R'y Co. bonds, . . . 20,000 00 21,800 00 

Chicago, Burlington & Quincy R.R. bonds, . 4,000 00 3,880 00 



200 



FRANKLIN FIRE INSURANCE CO. 



Northern Pacific-Great Northern R'y bonds, . 
Cleveland Electric R.R. Co bonds, . 

100 shares Hereford R'y Co., 

100 " Detroit, Hillsd'le & So. West. R.R,, 

200 " Pitts., Bessemer & Lake Erie R.R., 

200 " Cleveland & Pittsburgh R'y Co., 

210 " West End St. R'y Co., . 

200 " Rensselaer & Saratoga R.R., 
1,020 " Pennsylvania R.R., 

200 " Morris & Essex R.R., . 

230 " Rome, YVatert'n & Ogdens. R.R., 

230 " Chicago & Northwestern R.R., 

100 " Old Colony R.R., . 

200 " N. Y., Lackawanna & West. R.R. 

400 " Illinois Central R.R., . 

100 " Pitts., Ft. Wayne & Chicago R.R. 

530 " N. Y. Cent. & Hudson R. R.R., 

100 " N. Y.,N. H. & Hartford R.R., 

200 " Manhattan R'y Co., 

273 " Providence Gas Co., 

100 " The Gold & Stock Telegraph Co. 

130 " Upper Coos R.R. Co., . 

280 " American National Bank, 

200 " National Bank of Commerce, 
;'100 " Old National Bank, 

[100 " Blackstone Canal National Bank 
Long Island R.R. Co. bonds, 
American Tel. & Telegraph Co. bonds, . 
East St. Louis & Suburban Co. bonds, 
Lake Shore & Michigan Southern R'y bonds, 
Toledo R'y & Terminal Co. bonds, . 
100 shares Ft. Wayne & Jackson R.R. Co., 



Book Value. 

$55,000 00 
10,000 00 
10,000 00 
10,000 00 

7,412 50 
10,000 00 
10,500 00 
20,000 00 
51,000 00 
10,000 00 
30,000 00 
23,000 00 
10,000 00 
20,000 00 
40,000 00 
10,000 00 
53,000 00 
18,000 00 
20,000 00 
13,650 00 
10,000 00 
13,000 00 
14,000 00 
10,000 00 
10,000 00 

2,500 00 
10,000 00 

9,150 00 
20,000 00 
25,000 00 
10,000 00 
10,000 00 



Market Value. 

$55,550 00 
10,200 00 
10,000 00 
10,400 00 

7,400 00 
19,400 00 
19,530 00 
41,400 00 
70,380 00 
18,400 00 
41,400 00 
47,610 00 
20,500 00 
27,400 00 
62,400 00 
18,500 00 
75,260 00 
19,800 00 
33,000 00 
27,573 00 
12,000 00 
19,500 00 
17,640 00 
11,000 00 
10,000 00 

3,500 00 
10,000 00 

9,400 00 
20,000 00 
25,250 00 
10,100 00 
14,300 00 



$819,212 50 $1,063,873 00 



"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 22, 1829. Commenced business June 22, 1829.] 

Paid-up Capital, $400,000. 

JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary. 

Some Office, 421 Walnut Street. 



Income. 

Net fire premiums, $761,401 46 

Deposit premiums on perpetual risks, ..... 5,759 02 
Interest on mortgage loans, $5,286.87; collaterals, $360.83; 

stocks and bonds, $106,767.50; all other, $1,618.32, . . 114,033 52 

Rents, 5,405 08 

From all other sources, 1,275 50 

Total income, $887,874 58 

Ledger assets, Dec. 31, 1903, 3,055,227 70 

Total, $3,943,102 28 



FRANKLIN FIRE INSURANCE CO. 



201 



Disbursements 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, f 3,057 . 96 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 

Real estate, $208,645.73; mortgages, $80,548, 
Stocks and bonds (Schedule A), 
Cash in banks and office, .... 
Agents' balances, 



,195.26 



Total ledger assets, 



Non-Ledger Assets. 



Interest accrued on mortgages, .... 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 



Unpaid losses, including $1,550 resisted, $72,128.37; less 

reinsurance, $2,387.11, 

Unearned premiums on outstanding risks, .... 

Reclaimable on perpetual fire policies, 

Dividends due stockholders, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,325,188 00 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



$549,012 26 

48,164 69 

79,430 00 

185,103 39 

35,235 75 

2,128 00 

1,182 50 

23,253 22 

9,628 59 

80,873 01 

$1,014,011 41 

$2,929,090 87 



$289,193 73 

2,427,142 22 

119,760 31 

92,994 61 

$2,929,090 87 



1,208 22 
19,354 27 
49,987 78 

1,999,641 14 



$69,741 26 

697,025 75 

907,116 13 

570 00 

,674,453 14 

400,000 00 

925,188 00 



Total liabilities, $2,999,641 14 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . . . . $111,344,184 00 $1,290,987 45 
Perpetual risks in force (not included above), $46,941,294 00 $988,535 96 



$110,790,435 00 

. 75,210,432 00 

$186,000,867 00 

. 69,191,693 00 

$116,809,174 00 

. 5,464,990 00 



Premiums. 

$1,284,528 35 

970,993 52 

$2,255,521 87 

900,207 33 

$1,355,314 54 

64,327 09 



202 



FRANKLIN FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 



Shamokin, Sunbury & Lewisburg R.R. bonds, 

Huntingdon & Broad Top R.R. bonds, 

Pennsylvania & N. Y. Canal & R.R. bonds, 

Philadelphia & Erie R.R. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, 

Belvidere Delaware R.R. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, 

Pennsylvania R.R. Collateral Trust Loan 

Easton & Amboy R.R. bonds, . 

Elmira & Williamsport R.R. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, 

West Jersey R.R. bonds, . 

N. Y. Central R.R. bonds, 

Northern Central R.R. bonds, . 

Steubenville & Indiana R.R. bonds, 

Camden & Atlantic R.R. bonds, 

Northern Central R.R. bonds, . 

River Front R.R. bonds, . 

Camden & Atlantic R.R bonds, 

Lehigh Valley R.R. bonds, 

Philadelphia & Baltimore Central R.R. bonds, 

Pennsylvania & N. Y. Canal & R.R. Co. bonds, 

Wilmington & Weldon R.R. bonds, . 

W r est Jersey & Seashore R.R. bonds, 

Pitts., Chartiers & Yough. R.R. bonds, . 

Chic, Rock Island & Pacific R.R. Co. bonds, 

Lehigh & Hudson River R.R. bonds, 

Erie & Pittsburgh R.R. Co. bonds, . 

West Jersey & Seashore R.R. bonds, 

N. Y., Philadelphia & Norfolk R.R. bonds, 

Pitts., Cin., Chicago & St. Lo. R.R. bonds, 

Erie R.R. bonds, 

Lehigh Valley R.R. bonds, 

Rio Grande AVestern R.R. bonds, 

Lehigh Valley R.R. bonds, 

Southern R'y Co. bonds, . 

Wilmington & Northern R.R. bonds, 

Reading Co. R.R. & Marine Equipt. bonds, 

Baltimore & Ohio R.R. bonds, . 

Pennsylvania Co., Collateral Trust bonds, 

Erie R R. Car Trust bonds, 

Norfolk & Western R.R. bonds, 

Reading R.R., Equipt. Trust bonds, . 

Baltimore & Ohio R.R. bonds, . 

Norfolk & Western R.R , Equipt. Trust b'ds, 

Chic, Rock Island & Pacific R'y bonds, . 

Erie R.R. Car Trust bonds, 

N. Y., Philadelphia & Norfolk R.R. bonds, 



Book Value. 

$10,594 45 

21,025 00 

11.550 00 

34,973 33 

15,005 00 

21,000 00 

10,000 00 

31,200 00 

25,916 67 

9,950 00 

24,629 17 

28,654 67 

25,000 00 

14,550 00 

62,658 75 

16,622 50 

10,375 00 

16,780 00 

11,550 00 

66,501 25 

1,077 78 

2,857 50 

50,C00 00 

25,000 00 

50,000 00 

70,000 00 

25,000 00 

49,640 97 

100,000 00 

50,000 00 

50,000 00 

50,000 00 

50,000 00 

22,894 45 

40,000 00 

20,000 00 

59,986 66 

50,000 00 

23,937 50 

98,036 28 

25,000 00 

20,000 00 

25,000 00 

20,000 00 

73,801 66 

49,313 88 

50,000 00 

23,027 77 



^35,633,784 00 

19,004,839 00 

553,280 00 

6,154,000 00 

80,000 00 

16,500 00 



Market Value. 

$10,300 00 
20,400 00 
11,500 00 
36,750 00 
15,750 00 
21,840 00 
10,400 00 
31,500 00 
28,000 00 
11,100 00 
26,250 00 
29,250 00 
25,250 00 
18,000 00 
63,600 00 
16,800 00 
11,000 00 
16,800 00 
11,550 00 
71,500 00 
1,010 00 
3,000 00 
50,000 00 
26,000 00 
50,000 00 
74,200 00 
27,500 00 
49,000 00 
96,000 00 
52,000 00 
47,500 00 
51,000 00 
50,000 00 
22,500 00 
43,200 00 
19,800 00 
58,800 00 
50,000 00 
24,000 00 
98,000 00 
25,500 00 
20,200 00 
25,500 00 
19,600 Q0 
73,500 00 
48,500 00 
50,000 00 
24,000 00 



GERMAN INSURANCE CO. 



203 



Iron Mt. R'y Car Trust bonds, . 
St. Louis & San Fran. R.R. Equipt. Tr. bonds, 
Long Island R R. bonds, .... 
Chesapeake & Ohio R'y bonds, 
Norfolk & Western R'y bonds, 
Pennsylvania Co., Forty Years Trust bonds, 
United R'ys Co. of St. Louis, Mo., bonds, 
Lehigh Coal & Navigation Co. bonds, 
Lehigh Valley Coal Co. (Snow Shoe) bonds, 
Susquehanna Coal Co. bonds, . 
Lehigh Coal & Navig. Co. Col. Tr. bonds, 
Delaware River Ferry Co. bonds, . 
Girard Point Storage Co. bonds, 
Philadelphia Traction Co. bonds, 
Newport & Cincinnati Bridge Co. bonds, 
Edison Electric Light Co. bonds, 
Infantry Battalion, State Fencibles, bonds,. 
United Traction Co. of Pitts., Pa., bonds, 
Federal St. & Pleasant Val. Pass. R'y bonds, 
Electric & People's Traction Co. bonds, 
Philadelphia Electric bonds, 
Philadelphia Co., Pitts., Pa., bonds, 
City of Springfield, 111., bonds, 
City of Sandusky, Ohio, bonds, 
City of Camden, N. J., bonds, . 
Borough of Sewickiy, Pa., school bonds, 
City of Dayton, Ohio, sewer bonds, . 
City of Dayton, Ohio, street paving bonds, 
Borough of Downingtown, Pa., water bonds, 
City of Camden, N. J., bonds, . 
City of Lancaster, Pa., school bonds, 
County of Gloucester, N. J., road imp. bonds 
County of Cameron, Pa., bonds, 
Monongahela City, Pa., bonds, . 
County of Gloucester, N. J , bonds, . 
35 shares Girard National Bank, . 
300 u Philadelphia Traction Co , . 



Book Value. 

$25,000 00 

47,376 38 

50,000 00 

24,598 05 

24,566 67 

23,327 08 

41,372 21 

10,000 00 

20,630 56 

16,825 00 

50,000 00 

5,000 00 

16,329 83 

31,830 28 

25,000 00 

29,775 00 

2,000 00 

29,625 00 

10,000 00 

22,250 00 

24,895 00 

5,000 00 

2,092 78 

39,248 75 

5,050 00 

16,678 72 

5,712 50 

23,425 00 

9,405 00 

5,216 67 

4,130 00 

4,500 00 

20,000 00 

59,000 00 

17,500 00 

7,234 00 

29,437 50 



Market Value. 

$25,500 00 
49,000 00 
50,500 00 
24,500 00 
24,500 00 
23,500 00 
39,600 00 
10,300 00 
21,000 00 
16,800 00 
50,500 00 

5,250 
19,000 
33,170 
27,000 
33,300 00 

2,000 00 
34,800 
11,500 
25,250 
25,750 

5,500 

2,100 
38,500 

5,150 
16,960 

5,500 
23,200 

9,630 

5,200 

4,080 

4,545 
21,000 
59,000 00 
17,850 00 

8,645 00 
29,700 00 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



1,427,142 22 $2,477,130 00 



"GERMAN INSURANCE COMPANY OF FREEPORT," 
FREEPORT, ILL. 

[Incorporated February, 1865. Commenced business October, 1866.] 

Paid-up Capital, $200,000. 

C. O. COLLMANN, President. WM. TREMBOR, Secretary. 

Home Office, 9 North Galena Avenue. 



Income. 

Net fire premiums, 

Interest on mortgage loans, $123,659.57; collaterals, $425 
stocks and bonds, $60,222.18 ; all other, $5,416.31, . 

Rents, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1903, 



^3,414,398 78 

189,723 06 

2,454 43 

544 00 

^3,607,120 27 

4,796,827 74 



Total, . 



5,403,948 01 



204 



GERMAN INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, . 

Repairs and expenses on real estate, 

Real estate taxes, f 694. 96 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

Munich Reinsurance Co., 

Uncollected premiums charged off, . 
All other disbursements, . . 

Total disbursements, 

Balance, 



,113.09, 



. $1,445,939 82 

40,000 00 

. 879,874 05 

184,795 48 

818 32 

79,808 05 

2,652 95 

43,111 78 

1,525 78 

154,063 33 

>,832,589 56 



$5,571,358 45 



Ledger Assets. 

Real estate, $76,700; mortgages, $2,977,666.20, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents 1 balances, ...... 

Bills receivable, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $82,622.40; stocks and bonds, $12,584.88; 



collateral loans, $232.70, 
Market value of stocks and bonds over book value, 



(3,054,366 20 

7,700 00 

1,585,449 16 

425,685 09 

426,240 72 

71,917 28 

i5,571,358 45 



Gross assets, 



95,439 98 
81,923 50 

$5,748,721 93 



Assets not admitted. 

Agents' balances over three months due, . $6,963 51 

Bills receivable, past due, .... 230 45 

Special deposits less $16,636.26 liab. thereon, . 3,663 74 

Total unadmitted assets, .... 10,857 70 

Total admitted assets, $5,737,864 23 

Liabilities. 

Unpaid losses, including $13,703.37 resisted, $222,242.24; 

less reinsurance, $9,968.59 $212,273 65 

Unearned premiums on outstanding risks, $3,405,087 . 69 ; plus 

same on disallowed reinsurance, $39,901.56, . . . 3,444,989 25 

All liabilities, except capital and surplus, . . . $3,657,262 90 
Surplus to policy holders, .... $2,080,601 33 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 1,880,601 33 



Total liabilities, $5,737,864 23 



GERMAN INSURANCE CO. 



205 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$444,849,121 00 $5,731,679 43 
. 310,305,386 00 4,210,734 94 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$755,154,507 00 $9,942,414 37 
. 242,481,768 00 3,469,138 98 



$512,672,739 00 $6,473,275 39 
. 9,761,989 00 119,604 46 



$502,910,750 00 $6,353,670 93 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, . 



,363,128 00 

19,205,857 00 

1,481,450 00 

1,179,665 00 

40,000 00 

78,100 00 



Schedule A. 
Securities held as Collateral. 



10 shares German Bank, Freeport, 111., . 
70 " German Bank, Freeport, 111., . 
30 " First Nat'l Bank, Blue Hill, Neb., 



Schedule B. 



Market Value. Loaned Thereon. 

$1,000 00 1700 00 

7,000 00 5,000 00 

3,000 00 2,000 00 



Stocks and Bonds owned by the Company. 



Freeport, 111., school bonds, 

Urbana, 111., city hall bonds, 

Elgin, 111., school bonds, .... 

Macon Co., 111., court house bonds, . 

Lake and Hyde Park, Cook Co., school bonds 

Mt. Vernon, HI., school bonds, 

Monroe Co., 111., funding bonds, 

East St. Louis, 111., school bonds, 

Danville, 111., city sewer bonds, 

Wheaton, 111., city bonds, .... 

Gilman, 111., school bonds, 

Danville Junction, 111., school bonds, 

Mt. Morris, 111., school bonds, . 

Mattoon, 111., Township refunding bonds, 

Eldorado, 111 , school bonds, 

Pecatonica, 111., school bonds, . 

Monmouth, 111., water bonds, . 

Marshall Co., 111., school bonds, 

Woodhull, 111., school bonds, . 

Blue Island, 111., village bonds, 

Warren, 111., water bonds, 

Carmi, 111., school bonds, . 



Book Value. 

$26,500 00 

11,000 00 

6,000 00 

25,000 00 

1,000 00 

8,000 00 

10,000 00 

10,000 00 

6,000 00 

10,000 

3,000 

10,000 

300 

6,000 

3,000 

5,000 00 

5,000 00 

4,000 00 

1,600 00 

8,000 00 

6,000 00 

2,000 00 



00 
00 
00 
00 
00 
00 



$11,000 00 $7,700 00 



00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$26,725 00 
11,550 

6,180 
26,500 

1,040 

8,320 
10,000 
10,900 

6,120 
10,500 00 

3,270 00 

10,800 00 

309 00 

6,420 00 

3,000 00 

5,200 

5,350 

4,320 

1,600 

8,640 

6,180 

2,040 



00 
00 
00 
00 
00 
00 
00 



206 



GERMAN INSURANCE CO. 



Omaha, 111., school bonds, 

Greenville, 111., school bonds, 

Watseka, 111., school bonds, 

Amboy, 111., school bonds, 

Ogden, Champaign Co., 111., school bonds, 

Kankakee, 111., improvement bonds, 

Grossdale, 111., bridge bonds, 

Orangeville, 111., village bonds 

Quincy, 111., funding bonds, 

Anna, 111., school bonds, . 

Paxton, 111., school bonds, 

Evansville, Ind., school bonds, 

Evansville, Ind., funding bonds, 

Drummer Twp., Ford Co., 111., funding bonds 

Rock Island, 111., funding bonds, 

Charleston, 111., funding bonds, 

Bloomington, 111., school bonds, 

Meredosia, 111., drainage bonds, 

Maywood, 111., bonds, 

Pekin, 111., refunding bonds, 

Normal, 111., water bonds, 

St. Charles, 111., school bonds, . 

Morris, 111., school bonds, 

Oregon, 111., town refunding bonds, 

Momence, 111 , town funding bonds, 

East Lincoln, 111., town funding bonds, 

White Co., 111., funding bonds, 

East St. Louis, 111., school bonds, 

Muscatine, Iowa, refunding bonds, 

Lawrenceville, 111., city bonds, 

Chicago Heights, 111., water bonds, 

Pana, 111 , Twp. funding bonds, 

Monmouth, III., refunding bonds, 

DuQuoin, 111., refunding bonds, 

Hawthorne, 111. (Cook Co.), school bonds 

Jersey ville, 111., refunding bonds, 

Monroe, Wis., water bonds, 

Windsor, 111., town funding bonds, 

Bloom, Cook Co., 111., town bonds, 

Council Bluffs, Iowa, refunding bonds, 

Elmwood, 111., refunding bonds, 

Piper City, 111., school bonds, 

Georgia State bonds, 

Colchester, 111., school bonds, 

Nunda, 111., water bonds, . 

Marshall, 111., water bonds, 

Carrollton, 111., water bonds, 

Viola, III., village bonds, . 

Carmi, 111., water bonds, . 

Taylorville, 111., bonds, 

Freeport, 111., water bonds, 

Freeport, 111., Light & Fuel Co. bonds, 

People's Gas Light & Coke Co. bonds, Chicago 

Portsmouth, Va., city bonds, 

C. R. I. & P. R.R. bonds, . 

I. C. R.R. Western Lines bonds. 

I. C. R.R., Louisville Division, bonds, 

I. C. R.R. bonds, 

I. C. R.R. Collateral Trust bonds, . 

C. B. & Q. R.R., Illinois Division, bonds, 



Book Value. 

02,000 00 

10,000 00 

2,000 00 

5,700 00 

500 00 

7,000 00 

4,000 00 

300 00 

26,000 00 

3,500 00 

6,000 00 

10,000 00 

5,000 00 

5,000 00 

15,000 00 

18,000 00 

10,000 00 

100 00 

3,000 00 

17,000 00 

20,000 00 

8,900 00 

500 00 

30,000 00 

15,000 00 

15,000 00 

10,000 00 

17,000 00 

25,000 

4,350 

3,000 

29,000 

3,000 

3,000 

2,000 00 

11,000 00 

75,000 00 

9,500 00 

8,000 00 

13,000 00 

8,5C0 00 

8,000 00 

10,000 00 

2,900 00 

4,000 00 

9,000 00 

6,000 00 

800 00 

8,000 

20,000 

2,000 

9,000 

20,000 

10,000 

81,468 

17,000 

19,340 

15,000 00 

10,000 00 

20,000 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
75 
00 
00 



Market Value. 

$2,180 00 

10,000 00 
2,020 00 

5,928 00 

505 00 

7,210 00 

4,120 00 
300 00 

26,960 00 

3,500 00 

6,060 
10,200 

5,140 

5,350 

15,750 

19,080 

10,100 00 

102 00 

3,090 
17,170 
21,600 

9,256 
500 
30,900 
15,450 00 
15,150 00 
10,600 00 
17,510 
26,750 

5,133 

3,330 
29,580 

3,270 

3,330 

2,180 
11,220 00 
78,750 00 
10,070 00 

7,920 00 
13,910 00 

8,500 00 

8,880 00 
10,700 00 

2,958 00 

4,000 00 
10,080 00 

7,080 00 
800 00 

8,080 00 
21,200 00 

2,160 00 

9,000 00 
21,000 00 

9,600 00 
84,100 00 
17,680 00 
19,000 00 
15,600 00 
10,400 00 
19,000 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 



GERMAN ALLIANCE INSURANCE CO. 



207 



C. B. & Q. R.R., Neb. Extension, bonds, . 

C. B. & Q. joint bonds, .... 

Elgin, Joliet & Eastern R'y bonds, . 

C. M. & St. P. R'y, Wis. & Min. Div., bonds, 

Chicago & Eastern Illinois R'y bonds, 

Chicago & Alton R'y bonds, 

B. & O. R'y, South Western Division, bonds, 

Baltimore & Ohio R'y bonds, . 

B. •& O. bonds, 

Atchison, Topeka & Santa Fe adjustment b'ds 

Union Pacific bonds, 

Pennsylvania R.R. bonds, .... 

Reading Co. bonds, 

Northern Pacific bonds, .... 
Norfolk & Western bonds, 

Erie R.R. bonds, ' 

Pere Marquette, Detroit River Division, bonds 

Southern Pacific bonds, .... 

Bellingham Bay & B. C. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Central Pacific bonds, .... 

Flint & Pere Marquette bonds, . 

Illinois Central R.R. stock, 

N. Y. Central R.R. stock, .... 

Pennsylvania R.R. stock, .... 

Minnehaha Nat'l Bank, Sioux Falls, S. D., st'k, 

West. Underwriters' Asso., Incor., Chic, st'k, . 



Book Value. 

|20,000 00 
23,968 75 
10,000 00 
10,000 00 
35,000 00 
17,050 00 
22,687 50 
25,000 00 
24,277 50 
23,456 25 
24,150 00 
24,362 50 

9,700 00 
18,402 50 
25,000 00 
24,606 25 
39,750 00 

8,600 00 
10,000 00 
23,937 50 

9,975 00 

5,000 00 
20,000 00 
10,000 00 
20,000 00 

4,366 66 
195,400 00 



Market Value. 

$21,000 00 
24,750 00 
11,600 00 
11,600 00 
41,650 00 
16,000 00 
23,000 00 
25,500 00 
26,000 00 
23,500 00 
28,250 00 
25,500 00 
10,100 00 
18,750 00 
25,000 00 
25,000 00 
41,200 00 

9,400 00 
10,200 00 
24,750 00 
10,000 00 

5,500 00 
31,400 
14,200 
27,800 

4,366 



00 
00 
00 
66 



195,400 00 



,585,449 16 $1,667,372 66 



"GERMAN ALLIANCE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897.] 

Paid-up Capital, $400,000. 

WM. N. KREMER, President. CHARLES. G. SMITH, Secretary. 

Home Office, Corner Liberty and Nassau streets. 



Net fire premiums, . 
Interest on stocks and bonds, 

Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 



Income. 

,789.17; all other,' $338.43, . 



$458,643 29 
49,127 60 

. |507,770 89 
. 1,240,510 00 

. $1,748,280 89 



$302,166 95 

40,000 00 

108,281 95 

4,470 05 

27,950 03 

837 58 



Total disbursements, $483,706 56 



Balance, $1,264,574 33 



208 GERMAN ALLIANCE INSURANCE CO. 



Ledger Assets. 

Stocks and bonds (Schedule A), $1,151,487 78 

Cash in banks, 31,112 73 

Agents' balances, 81,973 82 



Total ledger assets, $1,264,574 33 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, . . . . 3,496 50 

Market value of stocks and bonds over book value, . . 76,194 22 



Gross assets, $1,344,265 05 

Assets not admitted. 
Special deposits less $24,599 liability thereon, . . . 75,201 00 



Total admitted assets, $1,269,064 05 

Liabilities. 

Unpaid losses, $82,625 06 

Unearned premiums on outstanding risks, .... 323,783 80 

All liabilities, except capital and surplus, . . . $406,408 86 
Surplus to policy holders, . . . . $862,655 19 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 462,655 19 

Total liabilities, $1,269,064 05 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . . $59,148,601 00 $594,148 94 
Fire risks written during 1904, . . . 54,468,658 00 576,984 52 

Total, $113,617,259 00 $1,171,133 46 

Risks expired and terminated, .... 52,641,215 00 549,686 42 



In force at end of year, $60,976,044 00 $621,447 04 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 



52,565,829 00 

1,412,242 00 

313,578 00 

128,000 00 

40,000 00 

71,400 00 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

500 shares Chic, Mil. & St. Paul R.R., . . $74,361 94 $91,000 00 

200 " Chicago & Northwestern R.R., . 32,837 50 45,800 00 

500 " Hocking Valley R.R., . . . 41,100 00 45,000 00 



GERMAN-AMERICAN INSURANCE CO. 



209 



496 shares Illinois Central R.R., . 
2,937 " Pennsylvania R.R., 

100 " Rensselaer & Saratoga R.R., 
1,000 " Southern R'y, 
500 " Union Pacific R.R., 
228 " Citizens' Central Nat'l Bank, 
125 " National Bank of Commerce, 
85 " Consolidated Gas Co., . 
10 " Underwriters' Sal. Co. of N. Y., 
United States bonds, 
United States bonds, 
Massachusetts State bonds, 
Massachusetts State bonds, 
N. Y. City school house bonds, 
Atchison, Topeka & Santa Fe R'y bonds, 
Atchison, Topeka & Santa Fe R'y debent. b'ds 
Central R.R. of New Jersey bonds, 
Central R.R. of New Jersey bonds, 
Chicago, Burl. & Quincy R.R., 111. Div., bonds 
Chicago & Eastern Illinois R.R. bonds, . 
Missouri, Kansas & Texas R'y bonds, 
Northern Pacific-Gt. Northern joint bonds, 
Oregon Short Line R.R. bonds, 
Second Avenue R.R. Co. bonds, 
Southern R.R. Co bonds, . 
Utah & Northern R.R. bonds, . 
Consolidated Gas Co. bonds, . 
Edison Electric Illuminating Co. bonds, . 
Kanawha & Hocking Coal & Coke Co. bonds, 
Western Union Telegraph Co. bonds, 



Book Value. 


Market Value. 


$64,576 25 


$73,904 00 


173,557 50 


192,373 00 


18,250 00 


20,300 00 


93,287 50 


91,000 00 


41,650 00 


47,500 00 


38,020 00 


36,480 00 


24,056 25 


28,375 00 


17,352 50 


15,980 00 


1,000 00 


1,000 00 


159,781 28 


166,400 00 


10,605 73 


10,200 00 


19,451 18 


19,000 00 


1,067 50 


1,050 00 


79,070 49 


75,000 00 


9,917 23 


10,100 00 


23,625 00 


23,750 00 


11,212 50 


13,200 00 


11,156 00 


13,300 00 


1,500 00 


1,860 00 


32,125 00 


32,500 00 


21,766 25 


24,500 00 


27,992 50 


27,160 00 


23,592 50 


25,000 00 


27,531 25 


28,250 00 


11,723 64 


11,600 00 


24,000 00 


21,000 00 


1,000 00 


1,760 00 


11,695 83 


11,600 00 


20,500 00 


19,600 00 


2,124 46 


2,140 00 


$1,151,487 78 $ 


1,227,682 00 



" GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,500,000. 

WM. N. KREMER, President. CHARLES G. SMITH, Secretary. 

Home Office, Corner Liberty and Nassau streets. 



Income. 



Net fire premiums, . 
Interest on mortgage loans, $610 
$458,924.39 ; all other, $8,235.17, 

Rents, 

Profit on sale or maturity of ledger 
Profit and loss, .... 



Total income, 
Ledger assets, Dec. 31, 1903, . 



99 ; stocks and bonds, 
assets, 



$5,326,190 28 

467,770 55 

1,200 00 

52,139 45 

828 78 



$5,848,129 06 
11,963,517 24 



Total, 



$17,811,646 30 



210 



GERMAN-AMERICAN INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Taxes and fees, 

All other disbursements, 

Total disbursements, . . 

Balance, 



53,071,517 12 
375,000 00 
973,049 80 
222,079 61 
35,735 10 
192 86 
137,471 26 
450,850 28 

. $5,265,896 03 

112,545,750 27 



Ledger Assets. 

Real estate, $15,000 ; mortgages, $15,000, 

Stocks and bonds (Schedule A), 

Cash in banks and office, . 

Agents' balances, 

Total ledger assets, 



$30,000 00 

. 11,232,748 73 

402,324 95 

880,676 59 

$12,545,750 27 



Non-Ledger Assets 
Interest accrued : — 
On mortgages, $150 ; stocks and bonds, 

\ assets, $2,043.76, 

Market value of stocks and bonds over book value, 

Gross assets,* 



,172.50; other 



51,366 26 
392,692 27 



$12,989,808 80 



Assets not admitted. 

Agents 1 balances over three months due, . 
Special deposits less $81,180 liab. thereon, 

Total unadmitted assets, . . . . - 



Total admitted assets, 



$9,102 97 
168,320 00 



177,422 97 
$12,812,385 83 



Liabilities. 

Unpaid losses, including $66,193 resisted, $828,660 ; less re- 
insurance, $191,592.75, $637,067 25 

Unearned premiums on outstanding risks, $4,713,862.04 ; plus 

same on disallowed reinsurance, $10,062.68, . . . 4,723,924 72 

Salaries and other miscellaneous expenses, due or accrued, . 12,337 95 

Commissions and other charges due agents and brokers, . 26,340 46 

Due for return premiums, $3,096 . 88 ; reinsurance, $246,093 . 87, 249,190 75 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



. $5,648,861 13 



r ,163,524 70 



1,500,000 00 
. 5,663,524 70 

$12,812,385 83 



* Including $750,000 special deposit held under New York law. 



GERMAN-AMERICAN INSURANCE CO. 



211 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$ 1,024,048,243 00 $9,655,646 22 
833,764,533 00 8,337,991 67 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . . 

Net amount in force, . 



1,857,812,776 00 $17,993,637 89 
733,397,434 00 7,345,467 06 



$1,124,415,342 00 $10,648,170 83 
208,402,090 00 1,767,540 01 



$916,013,252 00 $8,880,630 82 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, . 



$75,337,187 00 

39,995,830 00 

3,110,124 00 

6,165,000 00 

375,000 00 

227,700 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, .... 

New Mexico bonds, .... 

Toronto Local Improvement bonds, 

Brooklyn city bonds, 

New York City bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Atlantic Coast Line R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

Central R.R. of N. J. bonds, . 

Chesapeake & Ohio R'y bonds, 

Chicago & Alton R.R. bonds, . 

Chicago & Alton R'y lien, 

Chicago & E. Illinois R.R. bonds, . 

Chicago & Northwestern R'y bonds, 

Chicago & Northwestern R'y bonds, 

Chicago, Mil. & St. Paul R.R. bonds, 

Chic, Mil. & St. Paul R.R., C. &. P. W. b'ds, 

Chic, Mil. & St. P'l R.R. So. Minn, bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

Cleve., Columbus, Cin. & Indianap. R'y bonds, 

Clevc, Cin., Chicago & St. Louis R.R. bonds, 

Erie R.R. bonds, 

Erie R.R. bonds, 

Erie R'y bonds, . 

Erie R.R. bonds, 

Hocking Valley R'y bonds, 

Lake Shore & Mich. Southern bonds, 

Little Miami R.R. bonds, .... 

Louis. & Nash. & Mob. & Mont. R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

Minneapolis & St. Louis R 11. bonds, 

Minn., St. Paul & Sault Ste. Marie R'y bonds, 



Book Value. 

$135,591 20 

11,700 00 

106,370 00 

102,500 00 

762,418 58 

164,785 83 

200,000 00 

100,000 00 

75,184 25 

50,250 00 

22,283 75 

21,086 34 

31,446 00 

111,268 68 

60,489 25 

65,400 00 

33,675 00 

11,737 50 

64,000 00 

61,687 50 

46,000 00 

210,487 50 

164,411 75 

84,075 42 

45,000 00 

83,130 65 

95,000 00 

27,500 00 

104,000 00 

141,568 10 

22,375 00 

24,562 50 



00 
00 
00 
00 
00 



Market Value. 

$134,400 00 

12,800 00 

102,300 00 

100,000 00 

738,350 00 

168,250 00 

180,000 00 

101,000 00 

85,450 00 

52,500 

20,500 

19,500 

32,250 

110,230 

62,150 00 

66,600 00 

34,200 00 

10,800 00 

60,000 00 

61,500 00 

49,000 00 

196,500 00 

159,250 00 

89,000 00 

46,000 00 

80,250 00 

98,000 00 

26,250 00 

106,000 00 

144,500 00 

2<>,300 00 

24,250 00 



212 



GERMAN-AMERICAN INSURANCE CO. 



Book Value. 



Mobile & Ohio R.R. Co. bonds, 

Montana Central R.R. bonds, . 

Missouri Pacific R'y bonds, 

Missouri Pacific R'y bonds, 

Missouri Pacific R'y bonds, 

Nashville, Chat. & St. Louis R'y bonds, 

N. Y., Chicago & St. Louis R.R. bonds, 

N. Y., Lackawanna & Western R.R. bonds, 

N. Y., Susquehanna & Western R.R. bonds, 

N. Y., Susquehanna & Western R.R. bonds, 

Norfolk & Western R'y bonds, 

Northern Pacific-Gt. North. R R. bonds, . 

Oregon Short Line R.R. bonds, 

Pennsylvania Co. bonds, .... 

Pennsylvania Co. bonds, .... 

Pennsylvania R.R. bonds, .... 

Rio Grande- Western R'y bonds, 

Southern Pacific Co. Central Pacific bonds, 

Southern R'y bonds, 

St. Paul, Minn. & Manitoba R'y bonds, . 

St. Lawrence & Adirondack R.R. bonds, . 

St. Louis, Iron Mt. & Southern R'y bonds, 

St. Louis, Iron Mt. & Southern R'y bonds, 

St. Louis & San Francisco R.R. bonds, 

Santa Fe, Prescott & Phoenix R'y bonds, 

Union Pacific R'y bonds, . 

Union Pacific R'y bonds, . 

Utah & Northern R.R. bonds, . 

West Shore R'y bonds, 

West Shore R'y bonds, 

Columbus & Ninth Avenue R.R. bonds, 

Lexington Ave. & Pav. Ferry R'y bonds, 

Minneapolis, L. & M. St. R'y bonds, 

Metropolitan St. R'y Co. bonds, 

34th Street Crosstown R'y bonds, 

Troy (N. Y.) City R'y bonds, . 

Edison Electric 111. Co. bonds, . 

Kanawha & Hocking Coal & Coke Co. bonds, 

N. Y. Gas & Electric Light bonds, . 

N. Y. Gas & Electric Light bonds, . 

U. S. Steel Corporation bonds, . 

Western Union Telegraph Co. bonds, 

Standard Gas Light Co. bonds, 
100 shares Albany & Susquehanna R.R. 

1,600 " Baltimore & Ohio R R. 

2,700 " Baltimore & Ohio R.R.. 

1,000 " Cayuga & Susquehanna R.R. 

2,500 " Chic , Mil. & St. Paul R.R., 

1,200 " Chic, Mil. & St. Paul R.R., 
700 " Chicago & Northwestern R.R., 
700 " Chicago & Northwestern R.R., 
500 " Cleve., C, C. & St. Louis R.R., 
200 " Detroit, Hills & S'w'n R.R., 

1,700 " Delaware & Hudson Co., 
500 " Erie R.R 

1,122 " Hocking Valley R'y Co., 

1,500 " Illinois Central R.R., . 
300 " Lake Erie & Western R.R. Co., 

1,000 " Louisville & Nashville R.R., 

1,000 " Manhattan Elevated R'y Co., 



50 
00 
15 

00 
00 
50 
00 



$55,187 
65,925 
85,024 
10,250 
58,625 
24,937 
46,575 

130.000 00 
25,000 00 
26,968 75 
86,750 00 

148,613 34 

115,884 71 

40,330 00 

47,730 00 

48.124 30 
16,882 14 
22,953 81 

173,604 95 
87,541 25 

27.125 00 
45,436 30 
84,680 01 
44,397 24 
30,450 00 
53,514 59 
51,760 
12,000 
47,135 

6,427 
29,372 
29,000 00 
21,500 00 
36,579 
56,250 
26,250 
37,829 
82,000 00 
23,312 50 
27,166 65 
42,854 17 
26,000 00 
29,125 00 
17,000 00 
149,587 50 

246.001 25 
40,500 00 

367,562 50 
168,287 50 
111,285 00 
109,737 50 

40,712 50 

19,400 00 
280,362 50 

33,187 50 

77,443 
192,797 

33,037 
108,325 



56 

00 
00 
50 
00 



86 
00 
00 
17 



78 
15 
50 
00 



132,950 00 



Market Value. 

$55,500 00 

71,500 00 

86,100 00 

10,400 00 

60,000 00 

28,000 00 

45,450 00 

126,000 00 

i 28,250 00 

28,250 00 

93,000 00 

145,500 00 

122,000 00 

39,960 00 

46,440 00 

50,500 00 

17,280 00 

23,000 00 

174,000 00 

93,010 00 

25,250 00 

46,000 00 

85,500 00 

43,000 00 

30,740 00 

55,500 00 

51,000 CO 

10,600 00 

47,080 00 

6,420 00 

29,250 00 

28,750 00 

26,250 00 

40,250 00 

54,000 00 

27,500 00 

40,950 00 

78,400 00 

23,000 00 

27,000 00 

45,000 00 

27,000 00 

27,000 00 

21,000 00 

136,000 00 

243,000 00 

60,000 00 

442,500 00 

186,000 00 

145,600 00 

122,500 00 

52,500 00 

19,000 00 

289,000 00 

32,500 00 

93,126 00 

205,500 00 

27,000 00 

122,000 00 

135,000 00 



THE GERMAN-AMERICAN FIRE INSURANCE CO. 



213 



100 shares Minneapolis & St. Louis R.R., 

800 " Missouri Pacific R.R. Co., . 

245 " Mobile & Birmingham R.R., 

1,200 " Morris & Essex R.R., . 

2,633 " N. Y & Harlem R.R., . 

200. " N. Y., Lack. & Western R.R., 

1,000 " Norfolk & Western R'y, 

500 " Norfolk & Western R'y, 

500 " Northern Securities Co., 

6,666 " Pennsylvania R.R., 

950 " Pitts., C, C. & St. Louis, . 

450 " Pitts., Ft. Wayne & Chic. R.R., 

500 " Rensselaer & Saratoga R.R., 

100 " St. Louis & San Francisco R.R., 

500 " Second Avenue R.R. Co., 

3,100 " Southern R'y Co 

800 " Third Avenue R.R. Co., 

3,000 " Union Pacific R.R., 

800 " Union Pacific R R., 

100 " Amer. Exch. National Bank, 

475 " Citizens' Central Nat'l Bank, 

400 " Fourth National Bank, . 

221 " German American Bank, 

90 " Merchants' National Bank, . 

150 " Merchants' Trust Co., . 

526 " National Bank of Commerce, 

400 " N. Y. Sec. & Trust Co., 

700 " American Sugar Refining Co., 

200 " American Tel. & Tel. Co., . 

1,070 " Consolidated Gas Co., . 

600 " Pullman Co., 

175 " Realty Associates, 

750 " Standard Oil Co., . 

500 " United Gas Imp. Co., . 



Book Value. 


Market Value. 


$ 8,400 00 


$8,500 00 


81,037 50 


76,000 00 


22,603 73 


19,600 00 


98,100 00 


106,800 00 


385,734 50 


502,903 00 


23,600 00 


25,600 00 


91,525 00 


85,000 00 


36,062 50 


32,500 00 


51,457 50 


50,000 00 


396,648 75 


383,295 00 


92,793 75 


95,000 00 


86,962 50 


80,100 00 


90,500 00 


98,500 00 


12,968 33 


12,500 00 


104,762 51 


87,500 00 


289,043 75 


272,800 00 


102,675 00 


94,400 00 


259,062 50 


276,000 00 


77,825 00 


77,600 00 


17,100 00 


25,000 00 


74,355 88 


71,250 00 


70,000 00 


82,000 00 


17,901 00 


25,691 00 


6,750 00 


7,200 00 


48,975 00 


24,750 00 


105,028 00 


113,616 00 


260,000 00 


248,000 00 


93,375 00 


91,000 00 


27,650 00 


23,400 00 


202,218 50 


176,550 00 


122,155 00 


132,000 00 


24,675 00 


17,500 00 


251,017 50 


412,500 00 


44,550 00 


46,500 00 



$11,232,748 73 $11,625,441 00 



"THE GERMAN-AMERICAN FIRE INSURANCE COMPANY," 

BALTIMORE, MD. 

[Incorporated June 10, 1880. Commenced business Sept. 2'.), 1SS0.] 

Paid-up Capital, $200,000. 

MA {{TIN MEYERDIRCK, President. HERMAN KNOLLENBERG, Secretary. 

Home Office, 411 E. Baltimore Street. 



Income. 



Net fire premiums, . 

Interest on mortgage loans, $6,743.51 ; collaterals, $1,338.93 
stocks and bonds, $10,884.82 ; all other, $ 143.96, 

Rents, 

Profit on sale or maturity of ledger assets, 

Capital s'k decreased to $ 50,000 and reins, by sale of new s'k, 

Total income, ......... 

Ledger assets, Dec. 31, 1903, 



$115,934 48 

19,111 22 

1,992 60 

9,322 32 

150,000 00 

$296,360 62 
529,454 33 



Total, . 



$825,814 95 



214 THE GERMAN-AMERICAN FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $377,671 19 

Deposit premiums returned, ....... 20 00 

Interest and dividends to stockholders, . . . . . 10,804 20 

Commissions or brokerage, 23,857 49 

Salaries, fees, etc., of officers and employees, . . . 11,205 82 

Rents 400 00 

Repairs and expenses on real estate, 495 68 

Real estate taxes, $945.02; other taxes and fees, $3,501.45, . 4,446 47 

Interest on borrowed money, 4,668 08 

All other disbursements, 6,412 23 



Total disbursements, . $439,981 16 



Balance, $385,833 79 



Ledger Assets. 

Real estate, $ 41,850; mortgages, $149,115.04, . . . $ 190,965 04 

Stocks and bonds (Schedule A), 159,309 00 

Cash in banks and office, 14,275 36 

Agents' balances, 21,284 39 



Total ledger assets, . . $385,833 79 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,473.34; stocks and bonds, §3,511.94, . . 4,985 28 

Rents accrued on company's property, 665 46 



Gross assets, $391,484 53 

Assets not admitted. 
Agents' balances over three months due, .... 320 34 



Total admitted assets, $ 39 1,164 19 



Liabilities. 

Unpaid losses, $6,146 98 

Unearned premiums on outstanding risks, $101,913.81 ; plus 

same on disallowed reinsurance, $4,730.84, . . . . 106,644 65 

Reclaimable on perpetual fire policies, ..... 623 37 

Dividends due stockholders, 612 40 

Salaries and other miscellaneous expenses, due or accrued, . 250 00 

Due for return premiums, $ 3,566. 21 ; reinsurance, $1,121.82, 4,688 03 



All liabilities, except capital and surplus, . . . $118,965 43 
Surplus to policv holders, .... $272,198 76 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 72,198 76 



Total liabilities, $391,164 19 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



215 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Total,. 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $23,506,240 00 
. 16,347,405 00 



,853,645 00 

16,688,589 00 

$23,165,056 00 

1,345,416 00 



Premiums. 

$204,702 72 
151,336 20 

$356,038 92 
147,242 62 

$208,796 30 
14,698 87 



. $21,819,640 00 $ 194,097 43 



Perpetual risks in force (not included above), $22,275 00 $623 37 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses. incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5.5 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, . 

68,700 shares Baltimore City stock, . 



150 
50 

78 

28 

40 

100 

100 



Merchants' & Miners' Trans. Co, 

National Mechanics' Bank, 

German Bank, 

Second National Bank, 

German American Bank, . 

Western National Bank, 

U. S. Fidelity & Guaranty Co., 



Book Value. 

$21,000 00 

76,359 00 

25,950 00 

1,400 00 

8,190 00 

5,320 00 

4,240 00 

4,000 00 

12,850 00 



^,260,045 00 

851,074 00 

377,357 00 

277,080 00 

11,000 00 

42,125 00 



Market Value. 

$21,000 00 

76,359 00 

25,950 00 

1,400 00 

8,190 00 

5,320 00 

4,240 00 

4,000 00 

12,850 00 



$159,309 00 $159,309 00 



"GERMAN FIRE INSURANCE COMPANY OF PEORIA," 

PEORIA, ILL. 

[Incorporated May 1, 1876. Commenced business May 10, 1876.] 

Paid-up Capital, $200,000. 

BERNARD CREMER, President. CHARLES CREMER, Secretary. 

Home Office, 124 Bridge Street. 

Income. 

Net fire premiums $510,214 82 

Interest on mortgage loans, $20,660. 11; collaterals,$2,188.75 ; 

stocks and bonds, $5,600, 28,448 86 

Rents 84 10 

Total income, $538,747 78 

Lodger assets, Dec. 31, 1903, 666,784 02 

Total $1,205,531 80 



216 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, .... 
Real estate taxes, $51.64; othertaxes and fees, $8,240.19, 
All other disbursements, 



Total disbursements, . 
Balance, 



$316,391 25 

27,000 00 

142,904 67 

8,412 00 

600 00 

21 00 

8,291 83 

20,905 80 

$524,526 55 

f681,005 25 



Ledger Assets. 

Real estate, $16,000; mortgages, $261,681.10, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks, . 

Agents' balances, 



$277,681 10 

44,011 94 

162,429 81 

'127,837 47 

69,044 93 



Total ledger assets, $681,005 25 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $6,676.03; stocks and bonds, $4,100 

lateral loans, $1,130.85, 

Rents accrued on company's property, 
Market value of real estate'over book value, . 
Market value of stocks and bonds over book value, 
All other, 



col- 



11,906 88 
240 00 

5,000 00 
40,390 19 

5,000 00 



Gross assets, $743,542 32 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $381,652.34; plus 
same on disallowed reinsurance, $3,034.28, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$337,146 04 



$21,709 66 

384,686 62 

$406,396 28 

200,000 00 
137,146 04 

$743,542 32 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . . . 

Net amount in force, . 



$39,595,175 00 
40,870,402 00 



,465,577 00 
23,599,887 00 

$56,865,690 00 
1,078,046 00 



Premiums. 

$513,421 02 
625,432 10 

$1,138,853 12 
444,890 16 

$693,962 96 
13,038 50 



. $55,787,644 00 $680,924 46 



GERMAN FIRE INSURANCE CO. 



217 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (13.5 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 



Securities held as Collateral. 



200 shares Com. Ger. Nat'l B'k, Peoria, 111., 



100 
41 
37 
25 
50 
5 
10 



Colburn, Birks & Co., Peoria, 111., 
Commer. Ger. N'l B'k, Peoria, 111., 
Commer. Ger. N'l B'k, Peoria, 111., 
National Hotel Co., Peoria, 111., 
State Bank, Chicago, 
People's Loan Asso. (paid up), 
Commercial German Nat'l Bank, 



Schedule B. 



Market Value. 

$45,000 00 

12,500 00 

9,225 00 

8,325 00 

2,500 00 

13,000 00 

500 00 

2,250 00 



$4,913,447 00 

1,901,643 00 

320,000 00 

320,000 00 

27,000 00 

167,000 00 



Loaned Thereon. 

$15,672 95 
8,000 00 
6,000 00 



5,000 

7,354 

234 

1,750 



00 

59 
40 
00 



$93,300 00 $44,011 94 



Stocks and Bonds owned by the Company. 



C. & A. R.R. bonds 

City of Peoria bonds, . 
83 shares Peoria National Bank, . 
255 " Commercial German Nat'l Bank, 
125 " Home Savings and State Bank, 
121 " State B'k & Tr. Co., Los Angeles, 
100 " American Nat'l Bank, Los Angeles 
100 " Bankers' National Bank, Chicago, 
50 " American Trust Bank, Chicago, 
85 " Nat'l Bank of North America, 
50 " Loan Association, Denver, 
50 " Selby, Starr & Co. Plant, 



Book Value. 

$8,500 00 

28,300 00 

9,545 00 

38,720 81 

12,675 00 

12,100 00 

11,500 00 

18,654 00 

8,985 00 

5,950 00 

5,000 00 

2,500 00 



Market Value. 

$8,500 00 

31,130 00 

12,450 00 

57,375 00 

18,750 00 

13,915 00 

12,500 00 

20,000 00 

11,000 00 

5,950 00 

6,250 00 

5,000 00 



$162,429 81 $202,820 00 



"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH," PITTSBURGH, PA. 

[Incorporated March 27, 1862. Commenced business July, 1862.] 

Paid-up Capital, $200,000. 

A. E. SUCCOP, President. A. H. ECKERT, Secretary. 

Home Office, 216 4th Avenue. 

Income. 

Net fire premiums, $494,839 97 

Interest on mortgage loans,f 10,473.29 ; collaterals, $4,091.50 ; 

stocks and bonds, $6,562.90, 21,127 69 

Rents, including company's own occupancy, .... 9,238 03 



Total income, 
Ledger assets, Dec. 31, 1903, . 



$525,205 69 
616,990 68 



Total, $1,142,196 37 



218 



GEEMAN FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $222,868 94 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 132,321 64 

Salaries, fees, etc., of officers and employees, .... 20,033 27 

Rents, including company's own occupancy, .... 5,000 00 

Repairs and expenses on real estate, 4,303 46 

Real estate taxes, 81,148.08; other taxes and fees, $ 11,115. 13, 12,263 21 

All other disbursements, 38,746 39 

Total disbursements, $455,536 91 

Balance, $686,659 46 

Ledger Assets. 

Real estate, $125,823.74; mortgages, $263,037.20, . . $388,860 94 

Loans secured by collateral (Schedule A), .... 59,38000 

Stocks and bonds (Schedule A), 110,927 64 

Cash in banks, 62,279 36 

Agents' balances, ....*..... 65,211 52 

Total ledger assets, $686,659 46 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,912.80 ; stocks and bonds, $344.50, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 

Gross assets, 



4,257 30 
22,176 26 
33,648 61 

$746,741 63 



Liabilities. 

Unpaid losses, $47,089 . 10 ; less reinsurance, $6,705 . 78, . 
Unearned premiums on outstanding risks, $392,139.24; plus 

same on disallowed reinsurance, $22,688.78, 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 



$40,383 32 

414,828 02 
2,689 56 
1,187 88 

$459,088 78 

200,000 00 
87,652 85 

Total liabilities, $746,741 63 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, % . 

Surplus over capital and general liabilities, . 



$287,652 85 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force,. 



. $58,993,155 00 

. 55,007,372 00 

$114,000,527 00 

. 45,097,488 00 

.$68,903,039 00 

. 5,460,601 00 



Premiums. 

$693,603 70 
656,308 20 

1,349,911 90 
536, 438 00 

$813,473 90 
72,861 68 



. $63,442,438 00 $740,612 22 



GERMAN FIRE INSURANCE CO. 



219 



Miscellaneous. 

Premiums received from organization of company. 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Stock dividends declared from organization of company 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



$7,576,448 00 

3,688,547 00 

233,130 00 

818,000 00 

150,000 00 

20,000 00 

27,450 00 



Schedule A. 

Securities held as Collateral. 



135 shares 


10 


tt 


40 


k 


10 


it 


10 


it 


125 


cc 


70 


(« 


20 


It 


130 


tt 


10 


tt 


14 


tt 


40 


It 


250 


(t 


25 


tt 


75 


tt 


100 


tt 


500 


tt 



Pittsburg Brewing Co., . 
VVestinghouse Air Brake Co., 
D. Lutz Brewing Co., 
Diamond National Bank, 
McKees Rocks Trust Co., 
Manufacturers 1 Light & Heat Co., 
Pittsburg Brewing Co., . 
Manufacturers' Light & Heat Co., 
Am. Foundry & Construction Co., 
Mortgage Banking Co., . 
Diamond National Bank, 
Westinghouse Elec. & Manuf. Co 
Pittsburg Brewing Co., . 
Consolidated Ice Co., 
Lustre Mining Co., . 
Am. Window Glass & Machine Co., 
Pennsylvania R.R. Co., . 



Schedule B. 



Loaned Thereon. 

$3,000 00 
1,000 00 
1,500 00 



Market Value. 

$3,645 00 
1,460 00 
3,000 00 
4,250 00 
1,100 00 
4,937 50 
1,890 00 

790 00 
13,000 00 
1,250 00 
5,950 00 
3,600 00 
6,750 00 

225 00 !> 40,000 00 

900 00 

1,650 00 

25,000 00 



3,800 00 

2,680 00 

500 00 

400 00 

5,500 00 

1,000 00 



$79,397 50 $59,380 00 



Stocks and Bonds owned by the Company. 



Alleppo township school bonds, 
Millvale, Etna & Sharpsburg St. R'y bonds, 
Pitts & Birmingham Traction Co. bonds, 
100 shares German Nat'l Bank, Pittsburg, 
100 " Third National Bank, Pittsburg, 
100 " Exchange Nat'l Bank, Pittsburg, 
100 " Allegheny Nat'l Bank, Pittsburg, 
43 " Bank of Pittsburg, N. A., 
6 " Metropolitan Nat'l Bank, Pitts., 
10 " Fifth Avenue Bank, Pitts., Pa., 
75 " First National Bank, Allegheny, 
90 " Second Nat'l Bank, Allegheny, 



Book Value. 


Market Value. 


$1,400 00 


$1,400 00 


11,891 25 


12,966 25 


8,368 89 


9,280 00 


17,500 00 


25,000 00 


15,053 50 


15,000 00 


8,053 00 


8,700 00 


7,260 50 


13,500 00 


3,526 00 


7,310 00 


900 00 


1,140 00 


500 00 


780 00 


12,564 50 


11,250 00 


23,910 00 


38,250 00 



$110,927 64 $144,576 25 



220 GERMANIA FIRE INSURANCE CO. 



"GERMANIA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March 2, 1859. Commenced business March 2, 1859.] 
Paid-up Capital, $1,000,000. 

HUGO SCHUMANN, President. GUSTAV S KEHR KHAVER ' \ Secretaries. 

Home Office, 62 William Street. 

Income. 

Net fire premiums, $2,414,277 21 

Interest on mortgage loans, $17,062.11; stocks and bonds, 

$188,579.86; all other, $11,444.42 217,086 39 

Rents, 24,702 04 

Profit on sale or maturity of ledger assets, .... 54,097 99 



Total income $2,710,163 63 

Ledger assets, Dec. 31, 1903, 6,000,707 98 



Total, $8,710,871 61 

Disbursements. 

Net amount paid for fire losses, $1,301,614 48 

Interest and dividends to stockholders, 200,000 00 

Commissions or brokerage, 502,213 71 

Salaries, fees, etc., of officers and employees, .... 172,530 97 

Rents, 23,989 50 

Repairs and expenses on real estate, 16,868 83 

Real estate taxes, $8,323 . 80 ; other taxes and fees, $63,966 . 55, 72,290 35 

Profit and loss, 43,462 18 

All other disbursements, 105,165 42 



Total disbursements, $2,438,135 44 



Balance, $6,272,736 17 



Ledger Assets. 

Real estate, $650,000 ; mortgages, $326,500, . 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Cash in hands of department managers, . 



$976,500 00 

4,623,528 38 

286,608 08 

360,589 73 

25,509 98 



Total ledger assets, $6,272,736 17 

Non-Ledger Assets. 

Interest accrued on mortgages, ...... 7,736 25 

Rents due and accrued on company's property, . . . 1,904 14 

Market value of stocks and bonds over book value, . . 73,444 62 



Gross assets,* $6,355,821 18 

* Including $500,000 special reserve held under New York law. 



GERMANIA FIRE INSURANCE CO. 



221 



Assets not admitted. 

Agents 1 balances over three months due, 
Special deposits less $58,068.26 liab. thereon, 
Total unadmitted assets, . 



Total admitted assets, 



$3,121 45 
69,044 74 



$72,166 19 
1,283,654 99 



Liabilities. 

Unpaid losses, including $24,150.62 resisted, $233,020.90; 

less reinsurance, 150,053.35, $182,967 55 

Unearned premiums on outstanding risks, $2,524,219.17; 

plus same on disallowed reinsurance, $5,264.42, . . 2,529,483 59 
Unpaid commissions, 6,287 51 

All liabilities, except capital and surplus, . . . $2,718,738 65 
Surplus to policy holders, .... $3,564,916 34 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 2,564,916 34 

Total liabilities, $6,283,654 99 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$493,547,848 00 $4,564,038 29 
. 334,668,317 00 3,248,342 34 



Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$828,216,165 00 $7,812,380 63 
. 279,309,028 00 2,650,856 67 



$548,907,137 00 $5,161,523 96 
. 43,506,532 00 416,436 25 



$505,400,605 00 $4,745,087 71 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, . ... 



$43,464,455 00 

21,501,682 00 

1,336,520 00 

4,011,000 00 

200,000 00 

211,050 00 



Schedule A. 



Stocks and Bonds owned by the Company. 

Book Value. Market Vaiue. 

$419,437 50 $416,000 00 

157,500 00 156,000 00 

' 605,000 00 600,000 00 

10,250 00 10,300 00 

52,024 00 53,663 00 

5,953 08 5,850 00 

5,221 47 5,300 00 

253,407 36 255,000 00 



United States bonds, . 
United States bonds, . 
District of Columbia bonds, 
Georgia State bonds, 
Richmond city bonds, 
Territory of New Mexico bonds, 
Territory of New Mexico bonds, 
Corporate stock of the City of N. Y 



222 



GERMAN! A FIRE INSURANCE CO. 



Corporate stock of the City of N. Y., 
American Dock & Improvement Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Broadway & 7th Avenue R.R. Co. bonds, 
Brooklyn Union R.R. Co. bonds, 
Chesapeake & Ohio R'y Co. bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
Chicago, Burl. & Quincy R.R. Co. bonds, 
Chicago, Mil. & St. Paul R'y Co. bonds, . 
Chicago & Northwestern R'y Co. bonds, . 
Chicago & Northwestern R'y Co. bonds, . 
Chicago, St. Louis & New Orleans R.R. bonds 
Clew, Col., Cin. & Ind. R'y Co bonds, . 
Consolidated Gas Co of N. Y. bonds, 
Denver & Rio Grande R.R. Co. bonds, ' . 
Dry Dock, E Broadway & Battery R.R. b'ds, 
East Tenn., Va & Ga. R'y Co. bonds, 
Edison Electric Ilium. Co. bonds, . 
Evansville & Terra Haute R.R. Co. bonds, 
Flint & Pere Marquette R.R. Co. bonds, . 
Kentucky Central R.R. Co. bonds, . 
Lake Erie & Western R.R. bonds, . 
Lehigh Valley R'y Co of N. Y. bonds, . 
Long Island R.R. Co. bonds, . . : 
Long Island R.R. Co. bonds, . 
Milwaukee & Northern R.R. Co. bonds, . 
Missouri, Kan. & Texas R'y Co. bonds, . 
Missouri Pacific R'y Co. bonds, 
Morgans, La. & Tex. R.R. & S.S. Co. bonds, 
Nash., Chatt. & St. Louis R'y Co. bonds, . 
Nor. Pacific-Gt. Northern, C, B. & Q. bonds, 
N. Y., Brook. & Manhat. Beach R'y Co. bonds 
N. Y., Ontario & Western R'y Co. bonds, 
Oregon Short Line R.R. bonds, 
Richmond & Danville R.R. bonds, . 
St. Louis & San Francisco R.R. bonds, 
St. Paul & Northern Pacific R'y bonds, 
Tenn. Coal, Iron & R.R. bonds, 
Third Avenue R R. bonds, 
Toledo & Ohio Central R'y bonds, 
Union Pacific R.R. bonds, . 
Wabash R.R. bonds, . 
Western N. Y. & Pa. R.R. bonds, 
Wheeling & Lake Erie R.R. bonds, 
Atchison, Topeka & Santa Fe R R. Co. stock, 
Atchison, Topeka & Santa Fe R.R. Co. stock, 
Baltimore & Ohio R.R. Co, stock, 
Baltimore & Ohio R.R. Co. stock, . 
Broadway & Seventh Avenue R.R. Co. stock, 
Chicago, Mil. & St. Paul R'y Co. stock, . 
Chicago, Mil. & St. Paul R'y Co. stock, . 
Denver & Rio Grande R.R. Co. stock, 
German American Bank stock, 

Illinois Central stock 

Manhattan R'y Co. stock, .... 
Missouri Pacific R.R. Co. stock, 
National Park Bank stock, 
N. Y., Chicago & St. Louis R.R. Co. stock, 
Norfolk & Western R'y Co. stock, . 
Pullman Co. stock, 



25 
50 
25 
00 
25 
25 
25 
25 
75 
50 
25 
50 
25 



Book Value. 

$282,973 45 
28,531 25 
6,000 00 
58,062 50 
13,050 00 
29,057 50 
25,468 75 
53,062 50 
28,781 25 
39,640 00 
47,238 75 
31,781 25 
31,301 
89,427 
28,541 
10,500 
28,781 
27,696 
30,281 
26,881 
21,218 
58,687 
25,031 
49,937 
16,871 
28,343 75 
24,781 25 
29,593 75 
32,531 25 
28,031 25 
33,636 37 
25,125 00 
50,687 50 
23,000 00 
58,437 50 
8,262 
19,526 
28,021 
47,812 
37,493 75 
10,000 00 
58,150 00 
28,031 25 
22,781 25 
46,250 00 
97,112 50 
56,000 00 
96,250 00 
30,118 77 
82,812 50 
27,543 75 
113,512 50 
11,207 63 
94,250 00 
27,925 00 
129,062 
13,165 
130,187 
45,962 
217,475 



50 
25 
25 
50 



50 
00 
50 
50 
00 



Market Value. 

$255,000 00 
28,500 00 
6,180 00 
58,500 00 
16,500 00 
30,900 00 
27,000 00 
53,000 00 
28,250 00 
41,400 00 
44,850 00 
30,750 00 
33„250 00 
89,500 00 
35,700 00 
10,800 00 
30,250 00 
26,000 00 
30,750 00 
27,750 00 
25,000 00 
60,000 00 
27,750 00 
50,000 00 
17,400 00 
27,500 00 
25,750 00 
30,750 00 
32,250 00 
28,750 00 
50,000 
28,500 
52,500 
24,250 
59,000 
9,000 
20,000 
28,000 00 
48,500 00 
40,250 00 
11,300 00 
59,000 00 
29,750 00 
23,250 00 
43,000 00 

100,000 00 
57,680 00 
94,000 00 
35,700 
85,000 
27,450 

102,000 
15,375 
90,000 00 
32,600 00 

127,200 00 
39,675 00 

130,800 00 
46,500 00 

232,000 00 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



GIRARD FIRE AND MARINE INSURANCE CO. 



223 



Southern R'y Co. stock, 
St. Louis & San Fran. R.R. Co. stock, 
Underwriters' Salvage Co. stock, 
Union Pacific R.R. Co. stock, . 
Western Union Telegraph Co. stock, 



Book Value. 

|65,825 00 

62,750 00 

1,000 00 

38,062 50 

45,212 50 



Market Value. 

166,500 00 

61,600 00 

1,000 00 

48,000 00 

45,500 00 



$4,623,528 38 $4,696,973 00 



"GIRARD FIRE AND MARINE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March 26, 1853. Commenced business May 2, 1853.] 

Paid-up Capital, $300,000. 

ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretary. 

Home Office, 633 Chestnut Street. 



Income. 

Net fire premiums, . * 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $33,272.96 ; collaterals, $3,789. 66 

stocks and bonds, $35,785.93 ; all other, $1,040.20, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, 

Total income, . 

Ledger assets, Dec. 31, 1903, . . 



$544,487 29 
25,801 30 

73,888 75 

16,896 86 

19,309 62 

1,226 50 

$681,610 32 
1,948,287 93 



Total, 



Disbursements. 



Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, ..... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupancy, .... 

Repairs and expenses on real estate, 

Real estate taxes, $5,915.88 ; other taxes and fees, $11,480. 13, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Real estate, $262,693.95 ; mortgages, $598,000, 

Loans secured by collateral (ground lots), 

Stocks and bonds (Schedule A), 

Cash in banks and office, . 

Agents 1 balances, 

Bills receivable, not matured, . 

All other ledger assets, . 



Total ledger assets, 



$2,629,898 


25 


$213,669 


21 


36,108 


52 


67,500 00 


137,785 


65 


57,601 


34 


7,937 


00 


6,409 


22 


17,396 


01 


16,366 


28 


31,503 79 


$592,277 


02 


$2,037,621 23 


$860,693 95 


104,100 00 


891,008 


20 


82,577 


69 


80,219 


70 


13,494 


50 


5,527 


19 


$2,037,621 


23 



224 



GIRARD FIRE AND MARINE INSURANCE CO. 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $8,140.82; stocks and bonds, $11,081.26 

lateral loans, $1,394.75, 

Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 

Gross assets, 



col- 



$20,616 


83 


200 00 


54,956 


05 


27,021 


80 


847 


88 


$2,141,263 


79 



Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, .... 



8,159 72 



. $2,133,104 07 



Liabilities. 

Unpaid losses, including $1,400 resisted, $31,880.91; less 

reinsurance, $1,388.73, $30,492 18 

Unearned premiums on outstanding risks, .... 511,022 55 

Reclaimable on perpetual fire policies, 622,989 30 

Commissions and other charges due agents and brokers, . 737 86 

Due for return premiums, $347.01 ; reinsurance, $2,561.72, . 2,908 73 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$964,953 45 



. $1,168,150 62 



300,000 00 
664,953 45 



Total liabilities, $2,133,104 07 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $96,443,257 00 $912,214 04 
. 68,853,718 00 697,069 23 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$165,296,975 00 $1,609,283 27 
. 53,775,284 00 556,347 33 



$111,521,691 00 $1,052,935 94 
. 7,140,766 00 82,246 57 



$104,380,925 00 $970,689 37 



Perpetual risks in force (not included above),. $33,285,119 00 $692,210 33 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (22.5 per cent.), 
Company's stock owned b} 7 directors, .... 



117,092,409 00 

6,594,232 00 

220,966 00 

2,324,694 00 

67,500 00 

42,700 00 



GIRARD FIRE AND MARINE INSURANCE CO. 



225 



Schedule A. 

Stocks and Bonds owned by the Company. 



City of Philadelphia bonds, 
County of St. Louis Park bonds, 
City of Seattle, Wash., bonds, . 
State of Georgia bonds, . 
City of Camden, N. J., bonds, . 
City of Duluth, Minn., bonds, . 
Pennsylvania R.R. bonds, .... 
Phila., Wilm. & Baltimore R.R. bonds, . 
Phila., Wilm. & Bait. R.R. bonds, . 
Pitts., Cin., Chic. & St. Louis R.R. bonds, 
Delaware R.R. bonds, .... 
Lehigh Valley R'y Co. bonds, . 
Lehigh Valley R.R. bonds, ... 
Lynn & Boston R.R. bonds, 
Philadelphia & Read. R.R. Co. Terminal bonds 
Schuylkill Valley Traction Co. bonds, 
Kansas City Southern R'y bonds, 
Lehigh Coal & Navigation Co. bonds, 
American R'ys Co bonds, 
Chesapeake & Ohio R.R. Co. bonds, 
Fort Pitt Traction Co., Pittsburgh, bonds, 
Toledo, St. Louis & Western R.R. Co. bonds, 
Philadelphia Co. bonds, .... 
Consolidated Traction Co. of N. J. bonds, 
Connecticut Railway & Lighting Co. bonds, 
Norfolk & Western R'y equipment trust bonds 
Southern R'y Car trust bonds, . 
Lehigh Valley R.R. bonds, 
Wilkensburg & E. Pittsburg St. R'y Co. bonds 
North Hudson County R.R. Co. bonds, . 
Public Service Corporation of N. J. bonds, 
Hutchison Water, Light & Power Co. bonds, 
Hudson River Gas & Electric Co. bonds, . 
Glens Falls Gas & Electric Light Co. bonds, 
Consolidated Gas Co. of Pittsburgh, Pa., bonds 
Hamilton Real Estate Co. bonds, 
Chicago Suburban Water & Light Co. bonds, 
Elmira Water, Light & R.R. Co. bonds, 
Westchester Lighting Co. bonds, 
Missouri River Power Co. bonds, 
Economy Light & Power Co bonds, 
William Cramp & Sons Co. bonds, . 
Elgin American Gas Co. bonds, 
Altoona Gas Co. bonds, 
Rockford Gas Light & Coke Co. bonds, 
Lehigh & Wilkesbarre Coal Co. bonds, 
Kingston Gas & Electric Co. bonds, 
45 shares Phila. & Darby Pass. R'y Co., 
210 " Pennsylvania R.R. Co., . 
121 " Lehigh Coal & Navigation Co. 
300 " Philadelphia Traction Co., 
200 " Metropolitan St. R'y Co., 
100 " Ohio & Little Kanawha R.R. Co., 
320 " Penn. Salt Manufacturing Co., 



00 
50 
00 
00 



00 
00 
00 
50 



Book Value. 

$55,513 15 
10,256 67 
50,000 00 
28,000 00 
20,417 54 
15,300 00 

9,342 00 
50,721 25 
20,200 00 
10,500 00 

6,353 25 
10,142 50 
10,180 00 
25,500 00 
60,562 50 

9,500 00 
13,825 
10,237 

5,100 

9,655 
11,794 44 
12,600 00 

9,975 
10,400 

9,775 

9,811 
10,037 50 
29,400 00 
11,100 00 
26,125 00 
14,700 00 

6,000 00 
20,600 00 
10,189 03 
16,937 50 

9,600 00 
10,231 96 
10,301 
15,381 
10,728 
15,000 
11,065 
10,120 83 

5,000 00 

9,900 00 
10,112 50 

4,850 00 

2,250 00 
11,900 00 

5,812 50 
29,062 50 
24,975 00 

31,032 64 



39 
25 
33 

00 
28 



Market Value. 

$52,800 00 
10,100 00 
53,500 00 
25,750 00 
21,400 00 
16,800 00 
11,100 00 
51,500 00 
20,800 00 
11,300 00 

6,600 00 
10,800 00 
10,500 00 
28,250 00 
61,500 00 
10,000 00 
14,200 00 
10,000 00 

5,000 00 
10,000 00 
11,500 00 
13,350 00 
10,000 00 
10,700 00 

9,800 00 

9,800 00 
10,000 00 
29,400 00 
11,100 00 
26,000 00 
14,700 00 

6,000 00 
21,000 00 
10,000 00 
16,500 00 

9,600 00 
10,000 00 
10,300 00 
16,650 00 
10,500 00 
15,300 00 
11,000 00 
10,000 00 

5,000 00 
10,000 00 
10,200 00 

4,850 00 

1,800 00 
14,490 00 
13,310 00 
29,400 00 
24,000 00 

1,300 00 
33,600 00 



226 GLENS FALLS INSURANCE CO. 

Book Value. Market Value. 

100 shares Continental Title & Trust Co., . $2,500 00 $3,800 00 

40 " Philadelphia Bourse, . . . 1,500 00 180 00 

200 " United Gas Improvement Co., . 18,932 69 21,000 00 



$891,008 20 f918,030 00 



"GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 
Paid-up Capital, $200,000. 
J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary. 

Home Office, Corner Bay and Glens streets, 

Income. 

Net fire premiums, $1,369,356 35 

Interest on mortgage loans, $45,236.56; collaterals, $185; 

stocks and bonds, $135,918 ; all other, $9,639.80, . . 190,979 36 

Rents, 3,482 63 

Profit on sale or maturity of ledger assets, .... 45,651 61 



Total income, $1,609,469 95 

Ledger assets, Dec. 31, 1903, 3,974,982 91 

Total, $5,584,452 86 

Disbursements. 

Net amount paid for fire losses, $808,449 87 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 307,201 95 

Salaries, fees, etc., of officers and employees, .... 88,850 01 

Real estate taxes, $2,163.35 ; other taxes and fees, $59,154.80, 61,318 15 

All other disbursements, 101,461 31 



Total disbursements $1,487,281 29 



Balance, $4,097,171 57 

Ledger Assets. 



Real estate, $50,750.23; mortgages, $775,507.37, . 
Loans secured by collateral (Morris & Essex R.R. bonds,), 

Stocks and bonds (Schedule A), 

Cash in banks and office, ....... 

Agents 1 balances, 

Bills receivable, not matured, 



$826,257 60 

3,700 00 

2,382,785 00 

731,095 40 

152,533 57 

800 00 



Total ledger assets, $4,097,171 57 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,023.60; stocks and bonds, $7,236.25; 

other assets, $891, 10,150 85 

Market value of stocks and bonds over book value, . . 89,470 00 



Gross assets,* $4,196,792 42 

* Including $200,000 special reserve held under New York law. 



GLENS FALLS INSURANCE CO. 



227 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less $24,038 liab. thereon, 
Depreciation of ledger assets, .... 
Total unadmitted assets, . . . . — 



Total admitted assets, 



17 

66,962 00 
20,000 00 



$87,658 17 
L,109,134 25 



Liabilities. 

Unpaid losses, including $10,455 resisted, $94,943.53 ; less re- 
insurance, $17,413.93, $77,529 60 

Unearned premiums on outstanding risks, $1,386,443.46 ; plus 

same on disallowed reinsurance, $2,261.10, . . . . 1,388,704 56 

Salaries and other miscellaneous expenses, due or accrued, . 3,500 00 

All liabilities, except capital and surplus, . . . $1,469,734 16 
Surplus to policy holders, .... $2,639,400 09 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, .... 2,439,400 09 

Total liabilities, $4,109,134 25 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$241,907,101 00 
. 150,466,085 00 

$392,373,186 00 
. 129,784,613 00 

$262,588,573 00 
. 24,333,504 00 



Premiums. 

$2,755,105 36 
1,825,041 93 

$4,580,147 29 
1,599,723 93 

$2,980,423 36 
332,437 35 



$238,255,069 00 $2,647,986 01 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (60 per cent.), . 
Company's stock owned by directors, .... 



$25,130,983 00 
11,880,831 00 
830,191 00 
1,300,000 00 
120,000 00 
76,850 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Syracuse, Binghampton & N. Y. R.R. bonds, 
Morris & Essex R.R bonds, 
West Shore R.R. bonds, . 
Union Pacific R R. bonds, . 
Baltimore & Ohio R.R. bonds, . 
Central R.R. of New Jersey bonds, 
United States bonds, . 
International Paper Co. bonds, 



Book Value. 

$53,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
58,000 00 

305,000 00 



Market Value. 



00 
00 
00 
00 



$56,445 
63,000 
54,000 
50,000 
50,000 00 
65,000 00 
73,560 00 

315,000 00 



22S 



GRANITE STATE FIRE INSURANCE CO. 



Pendleton City, Ore., bonds, 

Hudson River Pulp and Paper Co. bonds, 

Gould Paper Co. bonds, . 

Georgia State bonds, 

Richmond city, Va., bonds, 

Saratoga Springs, N. Y., bonds, 

German Trust Co., Davenport, bonds, 

J. & J. Rogers Co. bonds, 

New York City bonds, 

Union Pacific R.R. stock, . 

First Natl Bank, Glens Falls, N. Y., stock, 

Glens Falls N'l Bank, Glens Falls, N. Y., st'k, 

Mt. Kisco Nat'l Bank, Mt. Kisco, N. Y., stock, 

Cleveland Trust Co., Cleveland, Ohio, stock, . 

Iron City Trust Co., Pittsburg, Pa., stock, 

Luzerne Co. Trust Co., Wilkesbarre, Pa., st'k, 

Chicago Great Western R.R. stock, . 



Book Value. 

$50,000 00 

320,000 00 

562,000 00 

25,000 00 

11,000 00 

5,000 00 

70,000 00 

328,000 00 

106,160 00 

45,000 00 

10,000 00 

2,500 00 

5,000 00 

10,000 00 

57,000 00 

20,000 00 

90,125 00 



Market Value. 

$55,000 00 

320,000 00 

562,000 00 

25,000 00 

11,000 00 

5,000 00 

70,000 00 

328,000 00 

102,000 00 

47,500 00 

30,000 00 

5,000 00 

8,750 00 

15,000 00 

56,000 00 

20,000 00 

85,000 00 



$2,382,785 00 $2,472,255 00 



"GRANITE STATE FIRE INSURANCE COMPANY/' 
PORTSMOUTH, N. H. 

[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.] 

Paid-up Capital, $200,000. 

CALVIN PAGE, President. ALFRED F. HOWARD, Secretary. 

Home Office, 32 Congress Street. 



Income. 

Net fire premiums, 

Interest on mortgage loans, $374.50; stocks and bonds, 

$20,475; all other, $821.76, 

Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1903, 

Total, 

Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $536.75 ; other taxes and fees, $8,451 .88, 

Loss on sale or maturity of ledger assets, . . 

Profit and loss, 

All other disbursements, 



,180 67 



Total disbursements, . 



Balance, $714,263 30 



21,671 


26 


3,473 50 


64 40 


. $434,389 


83 


686,377 


16 


. $1,120,766 


99 


. $247,112 


89 


12,000 00 


79,802 


21 


14,540 00 


1,500 00 


309 


02 


8,988 63 


6,756 07 


9,245 


07 


26,249 


80 


. $406,503 


69 



GRANITE STATE FIRE INSURANCE CO. 



229 



Ledger Assets 

Real estate, $38,810.59 ; mortgages, $8,000, 
Stocks and bonds (Schedule A), 
Cash in banks and office, .... 
Agents' balances, . . . . . 



Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $ 179.60 ; stocks and bonds, $2,668.72, 
Rents due and accrued on company's property, 
Reinsurance due on losses paid, .... 



Gross assets, 



Assets not admitted. 
Depreciation in book value of ledger assets, . 

Total admitted assets, .... 



$46,810 59 

574,817 20 

50,053 23 

42,582 28 

$714,263 30 



2,848 32 

583 98 

300 63 

$717,996 23 

31,996 79 

$685,999 44 



Liabilities. 

Unpaid losses, including $2,700 resisted, 

reinsurance, $9,647.27, . 
Unearned premiums on outstanding risks, 
Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



,701.23; less 



$327,731 42 



$37,053 96 

314,795 64 

6,418 42 

$358,268 02 

200,000 00 
127,731 42 



Total liabilities, $685,999 44 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



. $63,087,852 00 

. 39,167,396 00 

$102,255,248 00 

. 37,302,252 00 

.$64,952,996 00 

. 15,790,337 00 



Premiums. 

$767,008 08 
553,761 47 

$1,320,769 55 
520,186 03 

$800,583 52 
186,282 80 



.$49,162,659 00 $614,300 72 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

('ash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, . . . 



58,970,621 00 

3,959,468 00 

235,229 00 

180,000 00 

12,000 00 

36,500 00 



230 



GRANITE STATE FIRE INSURANCE CO. 



Schedule A 

Stocks and Bonds owned by the Company. 



Massachusetts bonds, 

Hillsborough County, N. H., bonds, 

Rockingham County, N. H., bonds, . 

Rockingham County, N. H., bonds, . 

Columbia County, Wash., bonds, 

Columbia County, Wash., bonds, 

Boston, Mass., bonds, 

Gloucester, Mass., bonds, 

Quincy, Mass., bonds, 

Maiden, Mass., bonds, 

Taunton, Mass., bonds, 

Newton, Mass., bonds, 

Manchester, N. H., bonds, 

Portsmouth, N. H.. bonds, 

Dover, N. II., bonds, 

Franklin, N. H., bonds, 

Nashua, N. H., bonds, 

Concord, N. H., bonds, 

Laconia, N. H., bonds, 

Littleton, N. H., bonds, 

Pittsfield, N. H., bonds, 

Peterboro, N. H., bonds, 

Peterboro, N. H., bonds, 

Rutland, Vt., bonds, . 

Burlington, Vt., bonds, 

New York, N. Y., bonds, 

Milwaukee, Wis., bonds, 

Cincinnati, Ohio, bonds, 

Concord & Montreal R.R. bonds, 

Concord & Montreal R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Illinois Central R.R. bonds, 

Fitchburg R.R. bonds, .... 

N. Y. Central & Hudson River R.R. bonds, 

Peterboro & Hillsboro R.R. bonds, . 

The L. & Power Co. of St. Cloud, Minn., bonds 

Boston & Maine R.R. stock, 

Concord & Montreal R.R. stock (Class 1), 

Concord & Montreal R.R. stock (Class 3), 

Concord & Montreal R.R. stock (Class 4), 

Illinois Central R.R stock, 

N. Y. Cent. & Hartford River R.R. stock, 

Pennsylvania R.R. stock, .... 

Nashua Card, Gum. & Coated Paper Co. stfk, 

Underwriters' Salvage Co of N. Y. stock, 

Worcester, Nashua & Rochester R.R. stock, 



Book Value. 

$22,754 50 
10,825 00 

4,295 60 

6,285 00 

4,189 20 

4,201 20 
24,137 50 
10,487 50 

6,607 50 
18,860 00 

8,734 40 
10,878 75 
107,335 00 
10,563 12 
10,481 50 
10,475 00 
10,695 00 

1,083 
10,730 
11,760 

2,606 

2,090 

2,095 

5,750 

5,350 
21,700 

5,291 
10,600 
27,325 

3,000 
11,125 

5,000 

5,650 
12,740 00 
11,575 00 
10,000 00 
19,830 86 

8,736 00 

1,274 00 

6,090 00 
13,925 00 
15,300 00 
50,664 79 

5,000 00 
500 00 

6,219 63 



75 
15 

00 
25 

00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$21,200 00 

10,623 00 

4,226 00 

6,000 00 

4,143 00 

4,156 00 

22,346 00 

10,000 00 

6,537 00 

17,802 00 

8,415 00 

9,855 00 

100,960 00 

10,448 00 

10,259 00 

10,000 00 

10,428 00 

1,064 00 

10,713 00 

12,000 00 

2,581 00 

2,053 00 

2,061 00 

5,350 00 

5,251 00 

20,000 00 

5,000 00 

10,000 00 

26,485 00 

3,000 00 

10,419 00 

4,700 00 

5,311 00 

13,000 00 

11,000 00 

8,000 00 

22,663 00 

8,736 00 

1,274 00 

6,475 00 

15,650 00 

14,200 00 

45,954 00 

5,000 00 

500 00 

7,293 00 



$574,817 20 |553,131 00 



HANOVER FIRE INSURANCE CO. 231 



" HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1852. Commenced business April, 1852.] 

Paid-up Capital, $1,000,000. 

CHARLES A. SHAW, President. JOSEPH McCORD, Secretary. 

Home Office^ 34 Pine Street. 

Income. 

Net fire premiums, $2,685,568 76 

Interest on mortgage loans, $175; stocks and bonds, $ 101, - 

535.73; allother, |8,731.61, 110,442 34 

Rents, including company's own occupancy, .... 20,660 76 

Profit on sale or maturity of ledger assets, .... 58,959 51 

Total income, $2,875,631 37 

Ledger assets, Dec. 31, 1903, 3,787,974 40 



Total, $6,663,605 77 

Disbursements. 

Net amount paid for fire losses, $1,794,471 72 

Interest and dividends to stockholders, ..... 90,000 00 

Commissions or brokerage, 518,790 09 

Salaries, fees, etc., of officers and employees, .... 224,130 52 

Rents, including company's own occupancy, .... 16,588 64 

Repairs and expenses on real estate, 6,707 46 

Real estate taxes, $9,620 . 65 ; other taxes and fees, $69,788 . 27, 79,408 92 

Profit and loss, 3,497 98 

All other disbursements, 223,905 78 



Total disbursements $2,957,501 11 



Balance, $3,706,104 66 

Ledger Assets. 

Real estate, $806,063.99; mortgages, $3,500, . . . . $809,563 99 

Stocks and bonds (Schedule A), 2,404,13132 

Cash in banks and office, 110,542 38 

Agents' balances, 381,866 97 



Total ledger assets, $3,706,104 66 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $14.58; stocks and bonds, $20,533.66, . . 20,548 24 

Market value of real estate over book value, .... 29,631 25 

Market value of stocks and bonds over book value, . , 345,199 18 

Reinsurance due on losses paid, 14,021 67 



Gross assets, $4,115,505 00 



232 



HANOVER FIRE INSURANCE CO. 



Assets not admitted. 

Agents 1 balances over three months due, 
Special deposits less $50,213.58 liab. thereon, 
Total unadmitted assets, . 



Total admitted assets, 



$3,898 48 
68,411 42 



$72,309 90 
[,043,195 10 



Liabilities. 

Unpaid losses, including $27,374.73 resisted, $309,135.59; 

less reinsurance, $32,884.71, $276,250 88 

Unearned premiums on outstanding risks, .... 2,116,913 91 

Commissions and other charges due agents and brokers, . 31,432 95 

Due for return premiums, $951 . 39 ; reinsurance, $23,928 . 30, . 24,879 69 

Contingent liability, 45,000 00 

All liabilities, except capital and surplus, . . . $2,494,477 43 
Surplus to policy holders, .... $1,548,71767 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, . . . • 548,717 67 



Total liabilities, . 



$4,043,195 10 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$463,587,912 00 $4,559,796 72 
. 395,863,163 00 3,945,372 68 



Total,. 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$859,451,075 00 $8,505,169 40 
.385,160,725 00 3,915,465 07 



$474,290,350 00 $4,589,704 33 
. 50,610,636 00 512,718 68 



$423,679,714 00 $4,076,985 65 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), . 
Company's stock owned by directors, .... 



$46,111,252 
26,423,948 
1,754,446 
4,279,500 
100,000 
90,000 
247.750 



00 
00 
00 
00 
00 
00 
00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $50,131 25 $52,500 00 

Commonwealth of Massachusetts bonds, . . 66,225 00 63,900 00 

Commonwealth of Massachusetts bonds, . . 44,050 00 42,300 00 



HANOVER FIRE INSURANCE CO. 



233 



State of Georgia bonds, .... 

State of Georgia bonds, .... 

City of New York water stock, 

City of New York dock bonds, 

City of Richmond, Va., bonds, . 

Atchison, Topeka & Santa Fe R'y Co. bonds, 

Central Pacific R'y Co. bonds, . 

Erie R.R. Co. bonds, 

Missouri, Kansas & Texas R'y Co. bonds, 
Norfolk & Western R'y Co. bonds, . 
Northern Pacific & Gt. Northern bonds, . 
Northern Pacific R'y Co. bonds, 
Reading Co. & Phil. & Read. C'l & Ir. Co. b'ds 
St. Louis, Iron Mt. & South. R'y Co. bonds, 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Atlantic Coast Line R.R. Co bonds, 
Cleve., Cin., Chicago & St. Lo. R'y Co. bonds, 
Long Island R.R. Co. bonds, 
Manhattan R'y Co. bonds, 
Lehigh & Wilkes-Barre Coal Co. bonds, . 
Pennsylvania Co. bonds, .... 
Missouri Pacific R'y Co. bonds, 
Southern R'y Co bonds, .... 
St. Louis, Iron Mt. & Southern R'y Co. bonds 
Chicago, Mil. & St. Paul R'y Co. bonds, . 
Brooklyn City (N Y.) R.R. Co. bonds, . 
Lehigh Valley Terminal R'y Co. bonds, . 
Wabash R.R. Co. (Det. & Chic extens'n) b'ds, 
Ch., M. & St. P. R'y Co. (Wis. & M. Div.) b'ds, 
Col. & Ninth Ave. (N. Y.) R.R. Co. bonds, 
Chic, Indianap. & Louisville R.R. Co. bonds, 
Laclede Gas Light Co. (of St. Louis, Mo.) b'ds 
Pennsylvania R.R. Co. stock, . 
Union Pacific R.R. Co. stock, . 
Manhattan R'y Co. stock, .... 
Chicago & Northwestern R'y Co. stock, . 
Great Northern R'y Co. stock, . 
Cleve., Cin., Chic. & St. Louis R'y Co. stock, 
Southern R'y Co. stock, .... 
N. Y , N. H. & Hartford R.R. Co. stock, . 

Reading Co. stock, 

Chicago & Northwestern R'y Co. stock, . 
Pitts., McKeesport & Yough. R.R. Co. stock, 
Chicago, Mil & St. Paul R'y Co. stock, . 
Kansas City, Ft. Scott & Memp. R'y Co. st'k, 
Norfolk & Western R'y Co. stock, . 
Baltimore & Ohio R.R. Co. stock, . 
Chicago Great Western R'y Co. stock, 
Syracuse, Binghampton & N. Y. R.R. Co. st'k 
Rensselaer & Saratoga R.R. Co. stock, . 
American Exchange National Bank stock, 
Bank of America stock, .... 



25 
25 

00 
00 



00 
25 
25 
63 
25 



Book Value. 

$5,393 75 
10,787 50 

104,000 00 
76,589 60 
54,680 56 
47,447 50 
50,375 00 
46,500 00 
50,437 50 
48,925 00 
50,000 00 
51,200 00 
48,455 00 
46,062 50 
23,531 
24,656 
25,000 
25,375 
26,350 00 
50,945 00 
38,250 
80,406 
58,891 
58,390 
32,306 
28,637 50 
22,600 00 
16,810 00 
10,312 50 
11,600 00 
27,606 25 
27,218 75 

107,985 63 
86,125 00 

129,675 00 
69,352 75 
60,519 38 
49,337 50 
46,550 00 
79,984 38 
22,756 
50,706 
48,325 
39,475 
24,787 
23,543 75 
24,006 25 
18,375 
27,075 
13,512 
16,766 
25,125 



25 
25 

00 
00 
50 



00 
88 
50 
26 
00 



00 
00 
00 
00 



Market Value. 

$5,287 50 

10,625 00 

99,000 00 

71,625 00 

55,500 00 

47,500 00 

51,500 00 

51,250 00 

50,625 00 

50,750 00 

50,562 50 

53,125 00 
51,750 
48,250 
24,250 
25,500 

25,250 00 

25,375 00 

26,406 25 

51,125 00 

38,160 00 

81,750 00 

60,500 00 

58,750 00 

33,600 00 

27,500 00 

23,675 00 

16,818 75 

11,712 50 

12,100 00 

33,187 50 

27,250 00 

138,125 00 

97,625 00 

132,000 

131,043 

150,000 
58,000 

48,750 00 

99,750 00 

22,937 50 

83,300 00 

46,550 00 

55,500 00 

24,750 00 

23,500 00 

24,000 00 

17,400 00 

36,290 00 

20,600 00 

41,250 00 

39,000 00 



00 
00 
00 
00 



$2,404,131 32 $2,749,330 50 



234 



HARTFORD FIRE INSURANCE CO. 



•• HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1810. Commenced business August, 1810.J 

Paid-up Capital, $1,250,000. 

GEORGE L. CHASE, President. P. C. ROYCE, Secretary. 

Home Office, 53 Trumbull Street. 

Income. 

Net fire premiums $11,986,354 53 

Interest on mortgage loans, $32,224.29; collaterals, $240; 

stocks and bonds, $432,112.29 ; all other, $6,436.14, . . 471,012 72 

Rents, 22,381 76 

Profit on sale or maturity of ledger assets, .... 21,868 18 
From all other sources, 10,231 06 



Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Real estate taxes, $8,150.60; other taxes and fees, $259, 

$422.27,. . 

Loss on sale or maturity of ledger assets, 

Profit and loss, . , . 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Real estate, $928,995.67 ; mortgages, $696,794 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents 1 balances, ..... 
Printing plant, 

Total ledger assets, .... 



$12,511,848 25 
. 12,517,192 15 

$25,029,040 40 



^7,107,572 75 

507,325 00 

2,146,243 20 

693,542 52 

267,572 87 

200 00 

34,959 07 

999,690 86 

$11,757,106 27 

$13,271,934 13 



$1,625,789 67 

4,800 00 

9,584,751 19 

807,426 43 

1,219,835 84 

29,331 00 

$13,271,934 13 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $10,085.30; collateral loans, $47.72, 
Rents accrued on company's property, . 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 

Gross assets, 



10,133 02 

1,488 85 

17,504 33 

1,196,044 86 

14,837 56 

$14,511,942 75 



HARTFOKD FIRE INSURANCE CO. 



235 



Assets not admitted. 

Special deposits less $294,673.32 liab. thereon, f 60,973 14 

Printing plant 29,331 00 

Total unadmitted assets, .... 



Total admitted assets, 



,304 14 



$ 14,421,638 61 



Liabilities. 

Unpaid losses, including $74,389.12 resisted, . 
Unearned premiums on outstanding risks, 



$711,635 94 
9,051,314 13 



All liabilities, except capital and surplus, . . . $9,762,950 07 
Surplus to policy holders, .... $4,658,688 54 

Paid-up capital, 1,250,000 00 

Surplus over capital and general liabilities, .... 3,408,688 54 



Total liabilities, . 



$14,421,638 61 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $1,310,853,484 00 $16,116,858 54 
1,103,851,729 00 14,706,020 56 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$2,414,705,213 00 $30,822,879 10 
945,875,128 00 12,945,091 23 



$1,468,830,085 00 $17,877,787 87 
. 37,260,126 00 339,785 27 



$1,431,569,959 00 $17,538,002 60 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (40.6 per cent ), 
Company's stock owned by directors, .... 



$155,823,436 00 
90,760,577 00 
7,143,334 00 
11,682,925 00 
950,000 00 
507,325 00 
193,100 00 



Schedule A. 
Securities held as Collateral. 



30 shares Chicago & Northwestern R.R. Co., 
64 " Billings & Spencer, . 



Schedule B. 



Market Value. Loaned Thereon. 

$6,990 00 $3,800 00 
2,240 00 1,000 00 



Alabama State bonds, 

Georgia State bonds, 

United States of Mexico bonds, 



$9,230 00 $4,800 00 



Stocks and Bonds owned by the Company. 

Hook Value. Market Value. 

$!),975 00 $10,300 00 

25,750 00 26,500 00 

105,846 40 105,807 60 



236 



HARTFORD FIRE INSURANCE CO. 



Virginia State Century bonds, . 

City of Toronto bonds, 

Montreal Corporation bonds, . 

City of Richmond, Va., bonds, . 

City of Toronto bonds, 

Atchison, Topeka & Santa Fe R.R. bonds 

Atlantic Coast Line bonds, 

Baltimore & Ohio R.R. bonds, . 

Belt R.R. & Stock Yards bonds, 

Brooklyn Union Elevated R R. bond 

Canadian Pacific R.R. bonds, . 

Central Pacific R'y bonds, 

Chesapeake & Ohio R.R. bonds, 

Chesapeake & Ohio R.R. bonds, 

Chicago & Western Indiana R.R. bonds, 

Chicago & Northwestern R.R. bonds, 

Chicago & Northwestern R.R. bonds, 

Chicago & Northwestern R R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & Great Western R.R. bonds,- . 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Chicago & Erie R.R. bonds, 

Cincinnati, Dayton & Chicago R.R. bonds, 

Cin., Indiana, St. Louis & Chicago R.R. bonds 

Cleve., Cin., Chicago & St. Louis R.R. bonds, 

Cleve., Cin., Chicago & St. Louis R.R. bonds, 

Cleve., Col., Cin. & Indian. R.R bonds, . 

Central R.R. of New Jersey bonds, . 

Dayton & Michigan R.R. bonds, 

Detroit, Grand Rapids & Western R.R. bonds 

Easton & Amboy R.R. bonds, . 

Elgin, Joliet & Eastern R.R. bonds, 

Erie R.R. bonds, 

Grand Rapids & Indiana R.R. bonds, 

Hartford Street R'y Co. bonds, 

Indianapolis & Vincennes R.R. bonds, 

International & Gt. Northern R.R. bonds, 

Iowa Falls & Sioux City R.R. bonds, 

Jefferson R.R. bonds, 

Lehigh Valley R.R. bonds, 

Lehigh Valley R.R. bonds, 

Lehigh Valley R R. bonds, 

Lehigh Valley R.R. gold bonds, 

Long Island R R. bonds, . 

Louisville & Nashville R.R. bonds, 

Louisville & Nashville R.R. bonds, 

Louisville & Nashville R.R. gold bonds, . 

Louisville & Nashville R.R. trust bonds,. 

Minneapolis Union R.R. bonds, 

Milwaukee, Lake Shore & West. R.R. bonds, 

Missouri, Kansas & Eastern R.R. bonds, . 

Missouri Pacific R.R. bonds, 

Nashville, Chatta. & St. Louis R.R. bonds, 

Northern Pacific-Great Northern R.R. bonds, 

Northern Pacific R.R. bonds, . 

Northern Pacific R.R. bonds, . 

N. Y. Central & Hudson River R.R. bonds, 

New York Dock Co. boncjls, 

Philadelphia & Reading R.R. bonds, 



00 
00 
50 
00 



Book Value. 

$10,093 12 
41,004 10 
64,821 25 
53,593 75 
19,053 00 
25,625 00 
95,875 00 
74,125 00 
98,910 00 

100,875 00 
57,750 00 
25,000 00 

106,140 00 

391,400 00 

469,292 50 

104,127 50 

168,916 25 

202,407 50 
52,562 50 

5,000 
44,810 
63,852 

108,150 
51,000 00 

128,160 00 
64,050 00 

190,027 50 
9,925 00 

296,493 75 
64,050 00 
41,443 

164,125 

287,726 

197,500 
22,000 

103,000 
92,054 

240,527 

131,938 75 

183,677 50 

328,345 00 
91,962 25 

151,840 00 
10,737 
59,400 

140,660 
54,275 
98,000 00 
58,650 00 
52,633 33 
55,180 00 
53,625 00 

116,533 
57,346 

125,550 
68,125 

100,500 00 

111,500 00 
83,250 00 
76,875 00 



90 
00 
25 
00 
00 
00 
80 
50 



50 
00 
00 
00 



33 
25 
25 
25 



00 
66 
00 
00 
25 
00 



00 
00 
00 
00 



Market Value. 

$10,290 00 

40,704 80 

68,750 00 

55,125 

19,466 

25,750 

97,000 

77,531 

96,600 
110,000 00 

55,966 66 

25,531 25 
107,750 00 
396,975 00 
446,350 00 
106,000 00 
168,200 00 
206,635 00 

53,500 
5,000 

45,580 

59,000 
121,500 00 

51,000 00 
120,750 00 

70,000 00 
204,000 00 

10,040 00 
354,900 00 

63,000 00 

41,000 00 
168,000 00 
293,580 00 
204,000 00 

22,400 00 
108,000 00 

84,240 00 
242,000 00 
128,500 00 
183,750 00 
353,430 00 

93,750 00 
168,000 00 

10,800 00 

61,500 00 
143,990 00 

56,350 00 
105,000 00 

58,800 00 

63,000 00 

60,500 00 

55,500 00 
124,000 

60,320 
201,000 

84,800 
100,000 
113,750 00 

79,200 00 

93,375 00 



00 
00 
00 
00 
00 



HARTFORD FIRE INSURANCE CO. 



237 



Port Reading R.R. gold bonds, 

Reading Co. bonds, 

St. Paul & Northern Pacific R R. bonds, . 
St. Louis, Iron Mt. & Southern R.R. bonds, 
St. Lo , Iron Mountain & So. R.R. gold bonds 
St. Louis & San Francisco R.R. bonds, 
St. Louis Southern R.R. bonds, 
Savannah, Florida & Western R.R. bonds, 
Southern Pacific R.R. of California bonds, 
Southern R'y Co. bonds, . 
Terminal R'y Asso. of St. Louis bonds, 
Terminal R'y Asso. of St. Louis bonds, 
Union Pacific R.R. bonds, . 
Utah & Northern R.R. bonds, . 
Wabash R.R. bonds, . 
Wabash R.R. bonds, . 
Western Maryland R.R. bonds, 
West Shore R.R. bonds, . 
315 shares iEtna National Bank, Hartford, 



300 
200 
166 
100 
314 
122 
172 
556 

40 
467 
100 
200 
150 
200 
300 
200 
334 
125 

39 
125 

32 
109 

50 
175 

477 

370 

200 

1,008 

1,000 

20 

120 

662 

825 

2,888 

500 

500 

30 



American Nat'l Bank, Hart., 
Charter Oak Nat'l Bank, Hart., 
City Bank, Hartford, . 
Conn. River Banking Co., Hart., 
Conn. Tr. & Safe Dep. Co., Hart. 
Far. & Mech. Nat'l Bank, Hart., 
First National Bank, Hartford, 
Hartford National Bank, Hart , 
National Exchange Bank, Hart., 
Phoenix National Bank, Hart., 
State Bank, Hartford, . 
American Ex. Nat'l Bank, N. Y., 
Bank of America, N. Y., 
Nat'l Bank of No. Amer., N. Y., 
Imp. & Traders' Nat'l Bank, 
Manhattan Co. Bank, N. Y., 
Merchants' National Bank, . 
Nat'l Bank of Commerce, N. Y., 
Atlantic Nat'l Bank, Boston, 
Boylston National Bank, Boston, 
Nat'l Bank of Com., Boston, 
Second National Bank, Boston, 
First National Bank, Albany, 
Bank of Montreal, Montreal, 
Ontario Bank, Toronto, 
Chic, Mil. & St. Paul R.R. Co., 
Chic, Mil. & St. Paul R.R. Co., 
Chicago & Northwestern R.R., 
Chicago & Northwestern R.R., 
Conn. & Passumpsic River R.R., 
Connecticut River R.R. Co., . 
Connecticut River Co., . 
N. Y. Cent. & Hudson R. R.R. 
New York Dock Co., . 
N. Y., N. H. & Har. R.R. Co., 
N. Y., Lackawanna & West. R.R 
Northwestern Tel. Co., 
Union Pacific R.R., 



Book Value. 

$50,750 00 

29,400 00 

91,682 50 

110,570 00 

92,750 00 

54,875 00 

65,405 00 

125,000 00 

106,000 00 

149,250 00 

50,000 00 

82,312 50 

72,187 50 

60,750 00 

56,675 00 

58,650 00 

45,093 75 

103,125 00 

32,780 00 

15,000 00 

20,350 00 

23,964 75 

7,660 00 

37,021 22 

22,161 99 

13,348 50 

63,962 75 

2,400 00 

50,470 

9,695 

21,066 

18,573 

30,781 

-30,000 

13,129 51 

19,735 17 

14,499 

3,983 

11,935 

4,304 

10,277 71 

8,328 33 

43,964 78 

13,082 18 

46,262 50 

38,237 50 

27,325 00 

114,893 25 

100,000 00 

2,000 00 

3,000 00 

72,463 47 

83,000 00 

377,884 69 

57,125 00 

25,000 00 

2,964 56 



25 
00 
25 
25 
50 
00 



50 
20 
35 
30 



Market Value. 

$52,500 00 

30,900 00 

108,360 00 

117,000 00 

96,500 00 

57,500 00 

66,240 00 

128,500 00 

108,000 00 

150,000 00 

51,000 00 

82,500 00 

79,875 00 

55,500 00 

59,000 00 

57,600 00 

45,500 00 

110,500 00 

63,000 00 

21,750 00 

25,000 00 

14,940 00 

5,500 00 

86,350 00 

14,640 00 

24,080 00 

76,728 00 

2,600 00 

56,040 00 

14,000 00 

55,000 00 

81,000 00 

45,000 00 

184,500 00 

32,200 00 

30,895 00 

29.875 00 

5,070 

13,125 

4,960 

22,345 

5,000 00 

89,250 00 

5,633 33 

82,282 50 

67,710 00 

46,600 00 

208,656 00 

105,000 00 

5,660 00 

3,000 00 

95,659 00 

49,500 00 

571,824 00 

66,500 00 

32,000 00 

2,910 00 



00 
00 
00 
00 



1,584,751 19 $10,780,796 05 



238 



HOME INSURANCE CO. 



A. M. BURTIS, 
WM. H. CHENEY. ! 



" HOME INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 13, 1853. Commenced business April 13, 1853.] 
Paid-up Capital, $3,000,000. 

EL BRIDGE G. SNOW, President. 

Home Office, 56 Cedar Street. 

Income. 

Net fire premiums, $8,224,383.34; marine, $266,718.31, . $8,491,101 65 
Interest on mortgage loans, $5,138.64; stocks and bonds, 

$565,953.34; all other, $5,979.53, 577,07151 

Rents, including company's own occupancy, .... 173,375 25 

Profit on sale or maturity of ledger assets, .... 90,195 60 

From all other sources, 4,023 06 



Tdtal income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



. $9,335,767 07 
. 16,905,776 36 

$26,241,543 43 



Disbursements. 

Net amount paid for fire losses, $5,141,986.87; marine, 
$174,516.37, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $22,252.76; other taxes and fees, $204, 
449.27, 

Loss on sale or maturity of ledger assets, 

Profit and loss, 

All other disbursements, 



Total disbursements, . 



Balance, 



Ledger Assets.* 



Real estate, $1,593,892.06 ; mortgages, $81,700, 
Stocks and bonds (Schedule A), 

Cash in banks, 

Agents 1 balances, 

Bills receivable, not matured, .... 
Counter and office premiums not collected, 



Total ledger assets, 



Non-Ledger Assets. 



Interest due and accrued on mortgages, . 

Market value of stocks and bonds over book value, 

Gross assets,! 



$5,316,503 24 

420,000 00 

1,504,387 24 

483,404 84 

85,957 33 

37,912 75 

226,702 03 

8,380 58 

18,659 53 

580,549 16 

. $8,682,456 70 

$17,559,086 73 



$1,675,592 06 

13,736,494 50 

1,042,689 43 

649,145 70 

277 13 

454,887 91 

$17,559,086 73 



1,708 50 
. 1,863,765 50 

$19,424,560 73 



* The company holds also instalment premium notes to the amount of $1,298,759.25, which 
do not enter into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an amount exactly equal to the reinsurance liability, the entire sum consisting 
of " unearned premiums." 

t Including $1,500,000 special reserve held under New York laws. 



HOME INSURANCE CO. 



239 



Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, .... 



$7,231 20 
$19,417,329 53 



Liabilities. 

Unpaid losses, including $61,526.85 resisted, $1,672,927.98; 

less reinsurance, $696,756.49, $976,17149 

Unearned premiums on outstanding risks, , . . 7,210,566 00 

Commissions and other charges due agents and brokers, . 84,217 66 

Due for reinsurance premiums, 695,053 15 

Reserve for taxes, 75,000 00 

All liabilities, except capital and surplus, . . . $9,041,008 30 
Surplus to policy holders, . . . .$10,376,32123 

Paid-up capital, 3,000,000 00 

Surplus over capital and general liabilities, .... 7,376,321 23 



Total liabilities, . 



$19,417,329 53 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$1,447,790,975 00 
1,199,799,193 00 

$2,647,590,168 00 
1,098,084,609 00 

$1,549,505,559 00 
251,235,232 00 



Premiums. 

$14,628,934 00 
12,365,280 45 

$26,994,214 45 
11,456,538 45 

$15,537,676 00 
1,905,576 00 



$1,298,270,327 00 $13,632,100 00 



$17,026,833 00 
. 81,234,095 00 

$98,260,928 00 
. 80,743,828 00 

$17,517,100 00 
. 5,060,895 00 



$445,314 00 
538,322 72 

$983,636 72 
558,975 72 

$424,661 00 
86,437 00 



$12,456,205 00 $338,224 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the vear, .... 

Til* O •/ * 

Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (14 per cent.), 
Company's stock owned by directors, .... 



$163,664,233 00 
95,011,296 00 
5,246,336 00 
231,632 00 
12,865,000 00 
1,000,000 00 
420,000 00 
166,400 00 



240 



HOME INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 



20,000 shares Pennsylvania R.R. Co., 
5,000 " Morris & Essex R.R. Co., . 
5,000 " Reading Co., 
5,000 " Southern R'y Co., 
4,000 " Lehigh Valley R.R. Co., . 
3,000 " Baltimore & Ohio R.R. Co., 
2,650 " United N.J. R.R. & Canal Co, 
2,500 " Pitts., Ft. Wayne & Ch. R'y Co 
2,200 " Consolidated Gas Co. of N. Y., 
2,000 " Baltimore & Ohio R.R., 
2,000 " Cleveland & Pitts. R.R. Co., 
1,500 " N. Y., N. H. & Hart. R.R. Co., 
1,500 " Rochester & Gen. Val. R.R. Co 
1,000 " N. Y. Cent. & Hud. R. R.R. Co 
1,000 " Ch., St. P., Minn. & Om. R'v Co 
1,000 " Ft. Wayne & Jackson R.R. Co , 
1,000 " Rensselaer & Saratoga R.R., 
1,000 " Connecticut River R.R. Co., 
1,000 " Chicago & Northw'n R'y Co., 
1,000 " Northern R.R. of N. J., 
1,000 " Valley R.R. Co., . 
1,000 " Atch , Top. & Santa Fe R'y, 
1,000 " Union Pacific R.R., . 
1,000 " Chic, Mil. & St Paul R'y, . 
1.000 " Illinois Central R.R. Co., . 
500 " Chicago & Northw'n R'y Co., 
200 " Amer. Ex. Nat'l Bank of N. Y., 
200 " Fourth National Bank of N. Y., 
200 " Manhattan Co., N. Y., 
200 " Nassau Bank, 
200 " Chatham Nat'l Bank of N. Y., 
100 " Bank of America, N. Y., . 
200 " Franklin Trust Co., Brooklyn, 
150 " Long Isl. Loan & Trust Co., 
50 " Metropolitan Trust Co., 
District of Columbia bonds, 

United States bonds, 

New York City bonds, .... 

City of Richmond, Va., bonds, . 

City of Rochester, N. Y., bonds, 

New York State bonds, .... 

Commonwealth of Massachusetts bonds,. 

State of Georgia bonds, .... 

United States of Mexico bonds, 

Northern Pacific-Gt. Northern bonds, 

Erie R.R., Pennsylvania Coal bonds, 

Union Pacific R.R bonds, 

Pennsylvania R.R. bonds,. 

N. Y.,Chic. & St. Louis R.R. Co. bonds, . 

Ohio & W. Va. R'y Co. bonds, - 

Cleve., Col. Cin. &Indianap. R.R. bonds, 

Louisville, New Albany & Chic. R'y bonds, 

Read. Co , Phil. & Read. C. & Iron Co. bonds 

Norfolk & Western & Pocahontas bonds, 

Oregon Short Line R.R. Co. bonds, . 



25 
86 
00 
62 



50 
00 
00 
00 
00 



Book Value. 

$1,212,550 00 

405,631 56 

214,256 25 

390,000 00 

193,575 00 

236,861 

630,527 

419,014 

438,190 

210,307 50 

187,122 22 

330,715 

224,250 

154,125 

95,725 

89,833 

177,000 00 

249,264 00 

165,125 00 

93,000 00 

130,000 00 

77,700 00 

79,125 00 

141,550 00 

129,812 50 

73,818 75 

22,106 25 

29,885 01 

15,997 50 

15,229 37 

8,190 00 

20,247 12 

27,125 00 

31,6D0 00 

9,125 00 

1,000,000 00 

600,000 00 

2,600,000 00 

50,000 00 

100,000 00 

271,000 00 

49,391 

25,000 

19,781 

124,877 

280,367 50 

200,000 00 

200,000 00 

112,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

95,250 00 

97.250 00 



00 
00 
00 



06 
00 
93 
50 



Market Value. 

$1,380,000 00 

475,000 

225,000 

480,000 

212,000 00 

285,000 00 

728,750 00 

462,500 00 

435,600 00 

208,000 00 

180,000 00 

295,500 00 

225,000 00 

140,000 00 

187,000 00 

145,000 00 

205,000 00 

282,000 00 

233,000 00 

95,000 00 

130,000 00 

100,000 00 

97,000 00 

170,000 00 

155,000 00 

103,000 00 

55,000 00 

45,000 00 

31,800 00 

19,000 00 

16,500 00 

51,500 00 

65,000 00 

43,500 00 

31,250 00 

1,200,000 00 

780,000 00 

2,633,000 00 

58,500 00 

100,000 00 

273,710 00 

48,250 00 

25,500 00 

18,000 00 

392,000 00 

282,000 00 

212,000 00 

204,000 00 

117,600 00 

113,000 00 

122,000 00 

112,000 00 

103,000 00 

95,000 00 

97,000 00 



HOME FIRE AND MARINE INSURANCE CO. 



241 



N. Y. & Westchester Lighting Co. bonds, 

Boonville R.R. Bridge Co. bonds, 

West Shore R'y bonds, .... 

Cleve. Term. & Valley R.R. Co. bonds, . 

Jefferson., Madi. & Ind. R.R. Co. bonds, . 

Virginia Midland R'y Co. bonds, 

Louisville, Hender. & St. Louis R'y Co. bonds 

American Tobacco Co. bonds, . 

Adams Express Co. bonds, 



Book Value. 

$92,000 00 
89,850 00 

100,000 00 
99,250 00 
41,000 00 
39,778 75 
20,000 00 
73,112 50 
28,000 00 



Market Value. 

$92,000 00 
93,000 00 
109,000 00 
100,000 00 
43,460 00 
55,000 00 
27,500 00 
72,000 00 
28,840 00 



$13,736,494 50 $15,600,260 00 



"HOME FIRE AND MARINE INSURANCE COMPANY OF 
CALIFORNIA," SAN FRANCISCO, CAL. 

[Incorporated September, 1864. Commenced business 1864.] 

Paid-up Capital, $300,000. 

WM. J. DUTTON, President. FRANKLIN BANGS, Secretary. 

Home Office, 409 California Street. 

Income. 

Net fire premiums, $1,075,654.30; marine, $40,529.44, . . $1,116,183 74 
Interest on mortgage loans, $12,037.45 ; collaterals, $552.95 ; 

stocks and bonds, $42,925.03; all other, $2,054.76, . . 57,570 19 

Rents, 4,237 65 

Profit on sale or maturity of ledger assets, .... 4,504 80 

Total income, $1,182,496 38 

Ledger assets, Dec. 31, 1903, 1,493,314 28 

Total, $2,675,810 66 



Disbursements. 



Net amount paid for fire losses, $588,662.28; marine, $25,- 

782.46, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $1,855.63 ; other taxes and fees, $22,219.38, 
Loss on sale or maturity of ledger assets, .... 

Profit and loss, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 



Real estate, $383,200 ; mortgages, $109,580, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 



$614,444 74 


36,000 00 


213,365 49 


56,121 69 


3,600 00 


1,046 96 


24,075 01 


2,507 50 


1,851 76 


106,067 36 


$1,059,080 51 


$1,616,730 15 


$492,780 00 


6,960 00 


800,424 04 



242 



HOME FIRE AND MARINE INSURANCE CO. 



Cash in banks and office, . 

Agents 1 balances, 

Bills receivable, not matured, . 



$124,227 76 

183,359 50 

8,978 85 



Total ledger assets, $1,616,730 15 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, f 545. 35 ; collateral loans, $19.25, . 



564 60 



Gross assets, $1,617,294 75 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less $27,864.16 liab. thereon, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 

Total admitted assets, .... 



$5,852 63 
23,235 84 
19,494 54 



48,583 01 
fl,568,711 74 



Liabilities. 

Unpaid losses, including $5,333.34 resisted, $67,652 ; less re- 
insurance, $12,003.48, 

Unearned premiums on outstanding risks, $819,291.36; plus 
same on disallowed reinsurance, $18,097.62, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, . 



75,674 24 



$55,648 52 

837,388 98 

$893,037 50 

300,000 00 

375,674 24 



Total liabilities, $1,568,71174 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$109,244,799 00 
. 106,196,693 00 



Premiums. 

$1,539,300 34 
1,587,650 25 



$215,441,492 00 
. 89,782,703 00 

$125,658,789 00 
. 16,327,213 00 



$3,126,950 59 

1,359,510 98 

$1,767,439 61 

250,326 75 



$109,331,576 00 $1,517,112 86 



$723,559 00 
3,881,388 00 



$4,604,947 00 
4,044,459 00 



$560,488 00 
26,400 00 



$36,176 54 
48,776 77 

$84,953 31 
55,720 58 

$29,232 73 
1,714 00 



$534,088 00 $27,518 73 



HOME FIRE AND MARINE INSURANCE CO. 



243 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



|14,802,144 00 

7,049,144 00 

585,902 00 

24,708 00 

1,200,500 00 

36,000 00 

1,400 00 



Schedule A. 
Securities held as Collateral. 



5 shares San Francisco Gas and Electric, 
40 " Spring Valley Water Co., 
130 " Contra Costa Water Co., 
Los Angeles R'y Co. bonds, 
United RR. of San Francisco bonds, 



Schedule B. 



Market Value. 

$270 00 

1,560 

3,250 

3,495 

2,625 



00 
00 
00 
00 



$11,200 00 



Loaned Thereon. 

|200 00 
600 00 
1,960 00 
3,000 00 
1,200 00 

$6,960 00 



Stocks and Bonds owned by the Company. 



Baker City, Ore., water bonds, . 

Baker City, Ore., school bonds, 

Bay Counties Power Co. bonds, 

California Northwestern R'y Co. bonds, 

Contra Costa Water Co. bonds, 

Dallas City, Ore., Water Co. bonds, 

Hanford Gas and Power Co. bonds, . 

Han ford Gas and Power Co. bonds, 

Los Angeles R'y Co. of California bonds, 

Market St. R'y Co. of San Francisco bonds, 

Northern R'y Co. of Cal. bonds, 

Northern R'y Co. of California bonds, 

Omnibus Cable Co. of San Francisco bonds, 

Oakland transit bonds, .... 

Oakland transit bonds, .... 

Pacific Electric R'y Co. bonds, . 

Pacific Gas Improvement Co. bonds, 

San Francisco & North Pacific R.R. Co. bonds, 

San Fran. <fe San Joaquin Val. R.R. Co. bonds, 

Siskiyou Electric Power Co. bonds, . 

S. P. R.R. Co. of California bonds, . 

S. P. R R. Co. of California bonds, . 

Sierra R'y Co. bonds, 

San Francisco Dry Dock Co. bonds, . 

Southern Pacific Branch R.R. bonds, 

Sunset Telephone and Tel. Co. of Cal. bonds, 

Sunset Telephone and Tel. Co. of Cal. bonds, 

Sunset Telephone and Tel. Co. of Cal. bonds, 

Spring Valley Water Works of San Fran, b'ds, 

San Fran., Oak & San Jose R'y Co. bonds, 

San Francisco Gas & Elec. Co. bonds, 

United States bonds, 

245 shares Anglo-Cal. Bank, L't'd, San Fran., . 
110 " Bank of California, San Fran., 



00 
00 
50 
50 



Book Value. 

$17,850 00 

3,150 
11,855 

5,687 

1,107 
10,850 00 

3,915 00 

978 75 

47,010 00 

36,130 00 

4,830 00 
11,358 00 
12,581 25 
12,287 50 
14,542 50 
31,635 00 
10,522 50 
17,728 00 
42,859 50 

4,730 00 

3,307 50 
42,893 75 
11,200 00 
22,000 
48,595 
11,625 
47,761 

1,180 

1,060 
18,483 

9,975 00 
53,525 00 
22,664 15 
45,029 00 



00 
00 
00 

11 

00 
00 
33 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



Market Value. 

$17,510 00 

3,090 
10,150 

5,625 

1,000 
10,500 00 

4,000 00 

1,000 00 
46,600 00 
37,280 

4,760 
10,650 
12,125 
12,000 
14,300 
31,650 00 
10,670 00 
18,000 00 
43,020 00 

5,000 00 

3,240 00 
42,120 00 
11,000 00 
22,400 00 
47,250 00 
11,400 
46,640 

1,140 

1,040 
19,350 00 
10,000 00 
52,400 00 
21,437 50 
46,200 00 



00 
00 
00 
00 



244 



IIOrE MUTUAL FIRE INSURANCE CO. 



40 shares Bank of Sonoma County, 



140 

20 

50 

233 

10 

247 

100 

600 

100 

300 



Cal. St. Cable R'y Co., San Fran., . 
First Nat'l Bank, San Francisco, . 
Merchants 1 Trust Co., Los Angeles, 
Marin Co. Water Co., San Fran., . 
Nat'l Bank of D. O. Mills Co., Sac, 
Pacific States Tel. & Tel. Co., S F., 
Presidio & Ferries R.R. Co., S. F., . 
San Fran. Gas and Elec. Co., S. F., 
San Jose Water Co., San Jose, 
Spring Valley W. W., San Fran., . 



Book Value. 


Market Value. 


$6,100 00 


|6,200 00 


22,076 25 


28,000 00 


3,800 00 


6,400 00 


5,000 00 


5,000 00 


14,351 25 


13,747 00 


3,000 00 


3,000 00 


25,750 00 


25,935 00 


2,500 00 


4,000 00 


53,012 20 


32,400 00 


9,170 00 


10,000 00 


14,757 50 


11,700 00 


$800,424 04 


$780,929 50 



"HOPE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated March, 1875. Commenced business April, 1875.] 
ROWLAND G. HAZARD, President. A. T. VIGNERON, Assistant Secretary. 

Home Office, 10 Weybosset Street. 



Income. 

Net premiums, $284,648.85 ; extra premiums, $731.05, . 
Interest on mortgage loans, $400 ; stocks and bonds, $8,367 . 50 ; 

all other, $2,598.87, .... 
Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1903, 



Total, 



Disbursements 
Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, .... 

Prepaid and deducted premiums, 

Inspections, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 

Mortgages, 

Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Premiums in course of collection, . 
Cash loans, 



Total ledger assets, 



$285,379 90 

11,366 37 
15,356 06 

$312,102 33 
234,995 71 

$547,098 04 



$23,907 17 

233,022 73 

11,853 81 

817 80 

5,344 86 

1,946 86 

5,449 97 

1,518 31 

$283,861 51 

$263,236 53 



$8,000 00 

161,343 58 

51,460 88 

8,831 81 

33,600 26 

$263,236 53 



HOPE MUTUAL FIRE INSURANCE CO. 



245 



Non-Ledger Assets. 

Interest due and accrued : — 
On stocks, $1,068.76; collateral loans, $100-, other assets, 

$479.51,. . $1,648 27 

Market value of stocks and bonds over book value, . . 46,061 42 

Gross assets, f 310,946 22 

Liabilities. 

Unpaid losses, $556 38 

Unearned premiums on outstanding risks, .... 144,592 76 

Salaries and other miscellaneous expenses, due or accrued, . 5,214 16 

All liabilities, except surplus, $150,363 30 

Surplus, 160,582 92 

Total liabilities, $310,946 22 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 



Risks outstanding Dec. 31, 1903, $29,498,121 00 f 267,634 06 $1,338,170 30 
Risks written during 1904, . 33,837,682 00 300,024 76 1,500,123 80 



Total $63,335,803 00 $567,658 82 $2,838,294 10 

Risks expired and terminated, . 32,031,698 00 278,473 30 1,392,366 50 



In force at end of year, 



,304,105 00 $289,185 52 $1,445,927 60 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 88.43 per cent. 



$23,266 00 





Schedule A. 


• 






Stocks and Bonds owned by the l Company. 








Book Value. 


Market Value. 


N. Y., West Shore & Buffalo R.R. bonds, 


$2,000 00 


$2,210 00 


Northern Pacific-Gt. Northern R'y bonds, 


13,100 00 


22,000 00 


230 shares Chicago & Northwestern R.R., 


23,900 00 


47,840 00 


500 " 


Pennsylvania R.R., . 


31,587 33 


34,500 00 


150 " 


Illinois Central R.R., 


15,562 50 


15,750 00 


70 " 


Rensselaer & Saratoga R.R., . 


12,827 50 


14,770 00 


125 " 


United Gas & Electric Co., 


10,000 00 


10,875 00 


100 " 


Manhattan R'y Co., . 


13,343 75 


16,500 00 


50 " 


N. Y. Cent. & Hudson R. R.R., 


5,781 25 


7,100 00 


60 " 


Oswego & Syracuse R.R., 


6,960 00 


6,960 00 


50 " 


Union Pacific R.R., . 


3,506 25 


5,700 00 


50 " 


Hereford R.R., 


4,875 00 


4,900 00 


100 " 


Pitts., Ft. Wayne & Chic. R.R., 


17,900 00 


18,300 00 




$161,343 58 


$207,405 00 



246 INDEMNITY FIRE INSURANCE CO. 



"INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK." 

NEW YORK, N. Y. 

[Incorporated 1897. Commenced business Oct. 1, 1S98.] 

Paid-up Capital, $200,000. 

J. MONTGOMERY HARE, President. ^ **. ^URGER,^ j Secretaries. 

Home Office, 56 Pine Street. 

Income. 

Net fire premiums, §273,817 84 

Interest on stocks and bonds, ' 13,071 26 

Profit on sale or maturity of ledger assets. .... 985 00 

Total income, $287,874 10 

Ledger assets, Dec. 31, 1903, 444,688 22 

Total $732,562 32 



Disbursements. 



.' 



Net amount paid for fire losses, . . . . . £ 184,087 14 

Commissions or brokerage, 54,062 03 

Salaries, fees, etc., of officers and employees, .... 22,123 85 

Rents, 2,159 05 

Taxes and fees, 10,395 10 

All other disbursements, 12,423 19 

Total disbursements, $285,250 36 

Balance § 447,311 96 

Ledger Assets. 

Stocks and bonds (Schedule A), §382,806 25 

Cash in banks and office, *. 33,721 68 

Agents" balances, 30,784 03 

Total ledger assets, §447,311 96 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 2,660 00 

Market value of stocks and bonds over book value, . . 13,181 25 

All other, 19 09 

Gross assets, , . . §463,172 30 

Assets not admitted. 

Agents 1 balances over three months due, .... 1,072 76 

Total admitted assets, $462,099 54 



INDEMNITY FIRE INSURANCE CO. 



247 



Liabilities. 

Unpaid losses, including $1,611.95 resisted, $22,535.78; less 

reinsurance, $2,346.10, 

Unearned premiums on outstanding risks, .... 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $255.50; reinsurance, $1,456.54, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$256,685 62 



$20,189 68 
179,535 60 

3,318 63 
657 97 

1,712 04 

$205,413 92 

200,000 00 
56,685 62 



Total liabilities, $462,099 54 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $31,193,709 00 
. 29,101,777 00 



),295,486 00 
. 27,231,298 00 

. $33,064,188 00 
. 6,634,500 00 



Premiums. 

$406,834 54 
391,814 17 

$798,64*8 71 
374,856 07 

$423,792 64 
82,796 31 



$26,429,688 00 $340,996 33 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization Of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



1,204,167 00 

663,579 00 

181,092 00 

3,500 00 



Schedule A. 



Stocks and Bonds owned by the Company. 



United States bonds, 

Oregon Short Line bonds, 

New York City loan stock, 

State of N. Y. Canal Improvement loan stock, 

Allegheny & Western R'y stock, 

Southwestern R.R. of Georgia stock, 

Twin City Rapid Transit R'y stock, . 

Union Pacific R.R. stock, . " . 

Norfolk & Western R'y stock, . 

Chicago & Eastern Illinois R.R. stock, 

Kan. City, Ft. Scott & Memphis R'y stock, 

Underwriters' Salvage Co. of N. Y. stock, 

Southern R'y stock, 



Book Value. 

$100,000 00 

6,000 00 

100,093 75 

26,062 50 

28,675 00 

10,600 00 

11,812 50 

32,850 00 

27,037 50 

13,700 00 

7,975 00 

1,000 00 

17,000 00 



Market Value. 

$104,875 00 

5,790 00 

92,437 50 

25,375 00 

30,600 00 

11,500 00 

15,400 00 

39,000 00 

28,500 00 

13,300 00 

8,200 00 

1,310 00 

19,700 00 



$382,806 25 $395,987 50 



248 



THE INDIANAPOLIS FIRE INSURANCE CO. 



"THE INDIANAPOLIS FIRE INSURANCE COMPANY," 
INDIANAPOLIS, IND. 

[Incorporated July 12, 1899. Commenced business Sept. 1, 1899.] 

Paid-up Capital, $200,000. 

JOHN H. HOLLIDAY, President. H. C. MARTIN, Secretary. 

Home Office, 122 E. Market Street. 

Income. 

Net fire premiums, $296,962 58 

Interest on mortgage loans, $14,253; bonds, $4,147.78; all 

other, $183, 18,583 78 

Profit on sale or maturity of ledger assets, .... 100 00 



Total income, $315,646 36 

Ledger assets, Dec. 31, 1903, 469,567 31 



Total, $785,213 67 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, . 

Salaries, fees, etc., of officers and employees, . 

Rents, ........ 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 



Total disbursements, 



$144,705 04 

12,000 00 

67,056 81 

21,449 75 

1,120 00 

7,990 03 

715 07 

15,633 98 

$270,670 68 



Balance, $514,542 99 



Ledger Assets. 



Mortgages, .... 
Bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 
Reinsurance due on losses paid, 
All other ledger assets, 

Total ledger assets, . 



$305,250 00 

125,003 17 

37,742 71 

32,999 37 

9,347 74 

4,200 00 

$514,542 99 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $4,727.14; bonds, $972.72; other assets, 

$35.46, 

Furniture, fixtures and safes, 



5,735 32 

2,500 00 



Gross assets, 



$522,778 31 



THE INDIANAPOLIS FIRE INSURANCE CO. 



249 



Assets not admitted. 

Furniture, fixtures and safes, .... $2,500 00 

Agents' balances over three months due, . 471 44 

Depreciation in book value of bonds, . . 271 92 

Reinsurance due from unauthorized companies, 9,347 74 

Total unadmitted assets, .... 



Total admitted assets, 



$12,591 10 
$510,187 21 



Liabilities. 



Unpaid losses, including $400 resisted, $25,895.37; less 
reinsurance, $1,886.05, 

Unearned premiums on outstanding risks, $196,361.05; plus 
same on disallowed reinsurance, $7,620.08, . 

Commissions and other charges due agents and brokers, 

Due for reinsurance premiums, 



$24,009 32 

203,981 13 

879 30 

1,397 46 

$230,267 21 

200,000 00 
79,920 00 

Total liabilities, $510,187 21 



Total 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$279,920 00 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $22,009,833 00 
. 26,689,126 00 

.$48,698,959 00 
. 20,831,970 00 

.$27,866,989 00 
. 1,892,471 00 



Premiums. 

$323,602 52 
392,391 82 

$715,994 34 
316,743 52 

$399,250 82 
26,744 62 



. $25,974,518 00 $372,506 20 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, 

Schedule A. 



$1,002,225 00 



Bonds owned by the Company. 




United States bonds, . 
Shelby County, Ind., bonds, 
Anderson, Ind., city bonds, 
Vincennes, Ind., city bonds, 
Brazil, Ind., city bonds, . 
Irvington, Ind., city bonds, 
Helena, Mont., school bonds, 
Marion County, Ind., bonds, 



Book Value. 

$52,595 39 
10,864 73 
26,702 35 



11,558 
3,059 
8,170 
2,552 
9,500 



00 
70 
90 
10 
00 



421,142 

154,954 

34,000 

12,000 

20,800 



00 
00 
00 
00 

00 



Market Value. 

$52,375 00 

10,565 00 

26,284 30 

11,380 60 

3,125 70 

8,182 40 

2,818 25 

10,000 00 



$125,003 17 $124,731 25 



250 



THE INSURANCE CO. OF NORTH AMERICA. 



" PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY 
OF NORTH AMERICA," PHILADELPHIA, PA. 

[Incorporated April 14, 1794. Commenced business as an association in 1792.] 

Paid-up Capital, $3,000,000. 

CHARLES PLATT, President. GREVILLE E. FRYER, Secretary. 

Home Office, 232 Walnut Street. 



Income. 

Net fire premiums, $5,356,830.08 ; marine, $1,819,415.68, . $7,176,245 76 

Deposit premiums on perpetual risks, 19,388 22 

Interest on mortgage loans, $45,662.72; collaterals, $17,- 

681.11; stocks and bonds, $309,076. 20; all other, $15,624.68, 388,044 71 

Rents, including company's own occupancy, .... 32,103 66 

Profit on sale or maturity of ledger assets, .... 32,718 33 

From all other sources, 3,103 56 



Total income, 
Ledger assets, Dec. 31, 1903, 



Total. 



. $7,651,604 24 
. 11,055,197 13 

$18,706,801 37 



Disbursements. 

Net amount paid for fire losses, $3,284,925.01; marine, 

$1,048,537.67, 

Deposit premiums returned, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and exjDenses on real estate, .... 

Real estate taxes, $7,855.05 ; other taxes and fees, $155,042. 33, 

Loss on sale or maturity of ledger assets, 

Reduction in book value of investments, .... 

Profit and loss, 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Real estate, $544,783.10; mortgages, $791,276.04, 

Loans secured by collateral (Schedule A), . 

Stocks and bonds (Schedule B), 

Cash in banks and office, . 

Agents' balances, 

Bills receivable, not matured, . 

All other ledger assets, 

Total ledger assets, . 



$4,333,462 


68 


33,983 


14 


359,937 


00 


1,437,517 


35 


446,918 


93 


30,463 


91 


9,271 


87 


162,897 


38 


18,575 48 


3,368 


26 


662 


98 


281,779 


72 


. $7,118,838 


70 


$11,587,962 


67 


$1,336,059 


14 


87,600 


00 


7,719,189 


32 


1,237,565 


70 


1,147,828 59 


• 34,722 


82 


24,997 


10 


$11,587,962 67 



THE INSURANCE CO. OF NORTH AMERICA. 251 



Non-Ledger Assets. 

Interest due and accrued on mortgages, $6,011 75 

Market value of stocks and bonds over book value, . . 396,197 28 

Reinsurance due on losses paid, 16,989 96 



Gross assets, $12,007,16166 

Assets not admitted. 

Agents' balances over three months due, . $26,428 07 

Special deposits less f 192,876 . 65 liab. thereon, 85,593 35 

Reinsurance due on losses paid, . . . 16,878 05 

Total unadmitted assets, .... 128,899 47 



Total admitted assets, $ 11,878,262 19 

Liabilities. 

Unpaid losses, including $38,674.86 resisted, $953,000 ; less 

reinsurance, $97,800, $855,200 00 

Unearned premiums on outstanding risks, $ 4,622,708.06 ; plus 

same on disallowed reinsurance, $84,819.70, . . . 4,707,527 76 

Reclaimable on perpetual fire policies, 757,357 13 

Dividends due stockholders, 106 20 

Salaries and other miscellaneous expenses, due or accrued, . 109 32 

Commissions and other charges due agents and brokers, . 50,000 00 

Due for reinsurance premiums, 13,073 38 



All liabilities, except capital and surplus, . . . $6,383,373 79 
Surplus to policy holders, .... $5,494,888 40 

Paid-up capital, 3,000,000 00 

Surplus over capital and general liabilities, .... 2,494,888 40 



Total liabilities, $11,878,262 19 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 



Premiums. 

$684,280,619 00 $8,269,780 27 
. 549,413,746 00 6,753,403 16 



$1,233,694,365 00 $15,023,183 43 
. 503,358,634 00 6,165,995 97 



$730,335,731 00 $8,857,187 46 
. 51,077,343 00 604,718 65 



Net amount in force, .... $679,258,388 00 $8,252,468 81 

Perpetual risks in force (not included above), $33,056,495 00 $834,102 09 

Marine risks outstanding Dec. 31, 1903, . . $6,760,84100 $364,472 00 

Marine risks written during 1904, . . .395,943,169 00 2,229,147 54 



Total, $402,704,010 00 $2,593,619 54 

Risks expired and terminated, .... 396,132,765 00 2,223,660 54 



In force at end of year, $6,571,245 00 $369,959 00 



252 



THE INSURANCE CO. OF NORTH AMERICA. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine losses incurred during the year, . 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, 



$175,778,955 00 

120,002,589 00 

3,305,925 00 

1,184,738 00 

16,698,875 00 

200,000 00 

360,000 00 

87,220 00 



Schedule A. 

Securities held as Collateral. 



Philadelphia Co. bonds, . . . 
Western N. Y. & Pennsylvania R'y bonds, 
Cambria Iron Co. stock, .... 
Philadelphia Electric Co. certificates, 
City of Philadelphia bonds, 
Little Schuylkill R R. stock, . 
2 shares Pennsylvania Co., 
1,000 " Metropolitan Securities Co., 

500 " Philadelphia Co., . 
Real estate in Tacoma, Wash., 



Market Value. Loaned Thereon. 



$1,018 75 

965 00 

4,725 00 

3,075 00 

3,030 00' 

1,245 00 

1,080 00 

40,000 00' 

20,875 00 

50,000 00 



$1,600 00 



2,000 
2,500 



00 
00 



5,000 00 

40,000 00 
36,500 00 



Schedule B. 



$126,013 75 $87,600 00 



Stocks and Bonds owned by the Company. 



Georgia State loan bonds, 
New Mexico bonds, . 
City of Boston, Mass., bonds, . 
City of Chicago, 111., bonds, 
City of Chicago, 111., bonds, 
Colfax Count} 7 , New Mex , bonds, 
Delaware County, Penn., bonds, 
Grant County, New Mex , bonds, 
City of Montreal, Can., bonds, . 
City of Montreal, Can., bonds, . 
New York City aqueduct bonds, 
City of Portland, Ore , city hall bonds 
City of Raton, New Mex., bonds, 
City of Richmond, Va., bonds, . 
City of Richmond, Va., bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds 
Atlantic City R.R bonds, . 
Atlantic & Danville R'y bonds, 
Baltimore & Ohio R.R. bonds, . 
Baltimore & Ohio R.R. bonds, . 
Baltimore & Ohio R.R. bonds, . 
Baltimore & Potomac R.R. bonds, 
Baltimore & Potomac R.R. bonds, 
Belt R .11. & Stock Yard Co. bonds, 
Bergen County R.R. bonds, 
Camden & Atlantic RR bonds, 
Canadian Northern R 1 } 7 bonds, . 
Central Pacific R'y bonds, 



Book Value. 

$25,000 00 

2,000 00 

112,000 00 

1,639 32 

2,500 00 

100 00 

50,000 00 

8,000 00 

16,000 00 

95,000 00 

102,300 00 

50,000 00 

200 00 

50,000 00 

3,000 00 

100,000 00 

25,000 00 

24,000 00 

30,000 00 

190,000 00 

130,500 00 

10,000 00 

5,000 00 

50,000 00 

50,000 00 

50,000 00 

30,000 00 

98,500 00 



00 
00 
00 
00 



Market Value. 

$27,500 00 

2,240 00 

117,600 

1,888 

2,950 

100 

50,500 00 

8,000 00 

16,480 00 

97,850 00 

103,000 00 

56,500 

200 

52,500 

3,150 

103,000 00 

24,250 00 

23,875 00 

31,050 00 

190,000 00 

137,250 00 

11,350 00 

5,600 00 

56,000 00 

56,000 00 

52,500 00 

30.750 00 

102,000 00 



00 
00 
00 
00 



THE INSURANCE CO. OF NORTH AMERICA. 



253 






Chesapeake & Ohio R.R bonds, 
Chesapeake & Ohio R.R. bonds, 
Chesapeake & Ohio R.R. bonds, 
Chesapeake & Ohio R.R. bonds, 
Chesapeake & Ohio R.R. bonds, 
Chesapeake & Ohio R.R. bonds, 
Chicago & Erie R.R. bonds, 
Chicago, Rock Island & Pacific R'y bonds, 
Chicago, Rock Island & Pacific R'y bonds, 
Chicago, St. Louis & New Orleans R.R. bonds 
Choctaw & Memphis R.R. bonds, 
Choctaw, Oklahoma & Gulf R.R. bonds, . 
Choctaw, Oklahoma & Gulf R.R. bonds, . 
Choctaw, Oklahoma & Gulf R.R. certificates, 
Choctaw, Oklahoma & Gulf R.R. certificates, 
Choctaw, Oklahoma & Gulf R.R. certificates, 
Cin., Hamilton & Dayton R'}* bonds, 
Cleve., Cin., Chic. & St. Louis R'y bonds, 
Cleve., Lorain & Wheeling R'y bonds, 
Cleve., Lorain & Wheeling R'y bonds, 
Delaware & Chesapeake R.R. bonds, 
Delaware River R.R & Bridge Co. bonds, 
Empress Elizabeth R'y of Austria bonds, 
Erie R R. car trust gold bonds, 
Erie R.R. gold bonds, .... 
Erie R.R. gold bonds, .... 
Indiana, III. & Iowa R.R. bonds, 
Jefferson R.R. bonds, .... 
Lake Shore & Michigan Southern R'y bonds, 
Lehigh Coal & Navigation bonds, . 
Lehigh Coal & Navigation bonds, . 
Lehigh Valley R.R. bonds, 
Lehigh Valley R.R. bonds, 
Lehigh Valley R.R. bonds, 
Lehigh Valley R R. bonds, 
Lehigh Valley Terminal R'y bonds, 

Long Island R.R. bonds 

Louisville & Nashville R R. bonds, . 

Louisville & Nashville R.R. bonds, . 

McKeesport & Belle Vernon R.R. bonds, 

N. Y., Lake Erie & Western R.R. bonds, 

N. Y., Philadelphia & Norfolk R.R. bonds, 

Norfolk & Western R'y bonds, 

Norfolk & Western R'y bonds, 

Norfolk & Western R'y certificates, 

Norfolk & Western R'y certificates, 

North Pennsylvania R.R. bonds, 

Northern Pacific R'y bonds, 

Penn. & N. Y. Canal & R.R. bonds, 

Penn. & N. Y. Canal & R.R. bonds, 

Pennsylvania Co. bonds, . 

Pennsylvania R.R. bonds, 

Philadelphia & Baltimore Cent. R.R. bonds, 

Philadelphia & Erie R R. bonds, 

Philadelphia & Reading R.R. bonds, 

Philadelphia & Reading R.R. bonds, 

Pitts , Cin., Chic. & St. Louis R'y bonds, . 

Pitts., Cin., Chic. & St. Louis R'y bonds, . 

Pitts., Cin., Chic. & St. Louis R'y bonds, . 

Pitts., McKeesport & Youghiogheny R.R. b'ds, 



Book Value. 

$73,500 00 
24,500 00 
47,500 00 
23,750 00 
23,750 00 
75,000 00 
50,000 00 
24,750 00 

100,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
8,000 00 
5,000 00 
12,000 00 
50,000 00 
48,000 00 
50,000 00 
25,000 00 

100,000 00 
50,000 00 
40,000 00 
25,000 00 
89,000 00 

125,000 00 

9,900 00 

47,000 00 

50,000 00 

100,000 00 
50,000 00 
52,000 00 
50,000 00 

195,400 00 
50,000 CO 
40,000 00 
99,000 00 
48,000 00 
49,000 00 
20,000 00 

200,000 00 
50,000 00 
33,950 00 

150,000 00 

49,000 00 

49,000 00 

5,000 00 

200,000 00 
50,000 00 

100,000 00 
48,000 00 
50,000 00 

100,000 00 

150,000 00 
50,000 90 

150,000 00 
50,000 00 
59,100 00 
95,000 00 
50,000 00 



Market Value. 

$75,000 00 
25,000 00 
49,500 00 
24,625 00 
24,625 00 
80,625 00 
61,000 00 
24,250 00 

104,500 00 
47,500 00 
55,000 00 
54,000 00 
53,000 00 
8,160 00 
5,100 00 
12,240 00 
56,750 00 
50,500 00 
57,500 00 
26,250 00 

102,000 00 
52,000 00 
47,200 00 
25,500 00 
90,000 00 

124,375 00 

9,900 00 

49,820 00 

50,500 00 

102,000 00 
54,500 00 
57,200 00 
53,500 00 

197,500 00 
55,000 00 
47,400 00 

101,000 00 
55,680 00 
50,750 00 
24,200 00 

220,000 00 
50,500 00 
34,300 00 

151,500 00 

50,000 00 

50,000 00 

5,500 00 

210,000 00 
52,000 00 

102,000 00 
49,000 00 
52,500 00 

104,000 00 

174,000 00 
53,000 00 

159,000 00 
56,500 00 
61,360 00 
95,000 00 
67,000 00 



254 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



Read Co. & Phil. & Read. C'l &I'n Co. bonds, 

St. Paul & Duluth R.R. bonds, . 

San Antonio & Aransas Passenger R'y bonds, 

Schuylkill River East Side R.R. bonds, 

So. Pacific Co. bonds, 

Southern R'y bonds, .... 

Southern R'y trust bonds, . 

Southern Wy trust bonds, . 

Steubenville & Indiana R.R. bonds,. 

Terminal R.R. Association of St. Louis bonds, 

Terminal R R. Association of St. Louis bonds, 

Texas & Pacific R'y (Eastern Division) bonds 

Tioga R.R. bonds, 

Tioga R.R. bonds, 

Union Pacific R R bonds, .... 

West Shore R R. bonds, .... 

Western N. Y. & Pennsylvania R'y bonds, 

Wilmington & Weldon R.R. bonds, . 

Atlantic Mutual Insurance bonds, . 

Belgian government fund bonds, 

Consolidated Traction Co. of N. J. bonds, 

Equitable Illuminating Gas Light Co. bonds, 

Harrisburg Gas Co. bonds, 

Jersey City, Hoboken & Paterson St. R'y b'ds 

Lehigh Valley Traction Co. bonds, 

N. Y. Dock Co. bonds, 

Omaha Gas Co. bonds, 

Philadelphia Co. bonds, . 

Philadelphia Co bonds, . 

Potomac Electric Power Co bonds, 

Steubenville Traction & Light Co. bonds, 

Wilkinsburg & East Pittsburg St. R'y bonds, 

Del. & Bound Brook R R. stock, 

Hocking Valley R'y certificates, 

North Pennsylvania R.R. stock, 

Girard National Bank stock, 

Philadelphia National Bank stock, 

N. Y Dock Co. stock, 

North American Wrecking Co. stock, 

Philadelphia Bourse stock, 

Philadelphia Bourse stock, 

Philadelphia Traction Co. stock, 

Underwriters' Salvage Co. of N. Y. stock, 

United Gas Improvement Co. stock, 



00 
00 
00 
00 



00 
00 
00 
00 
00 



Book Value. 

$190,000 00 
9,700 00 
17,800 

250,000 
24,500 
98,000 
50,000 00 
50,000 00 

200,000 00 
40,000 

150,000 

16,000 

17,000 

5,000 

150,000 00 
25,000 00 
99,000 00 
50,000 00 
44,650 00 
49,000 00 

100,000 00 

138,000 00 
25,000 00 
41,000 00 
46,500 00 
16,500 00 
25,000 00 
50,000 00 
50,000 00 
25,000 00 
25,000 00 
54,000 00 
19,000 00 
25,000 00 
50,000 00 
25,000 00 
10,000 00 
13,500 00 
29,000 00 
200 00 
750 00 

196,000 00 

1,000 00 

88,250 00 



00 
00 
00 
00 
00 
00 



Market Value. 

$203,000 00 
10,000 00 
18,480 00 

260,000 00 
25,125 00 

100,000 00 
50,500 00 
50,500 00 

218,000 00 
47,800 

150,000 

16,160 

17,340 

5,500 

156,750 
27,000 00 
96,500 00 
51,500 00 
47,329 00 
49,000 00 

109,000 00 

147,660 00 
26,500 00 
37,500 00 
35,000 00 
15,675 00 
25,750 00 
51,000 00 
55,000 00 
25,500 00 
25,000 00 
55,750 00 
20,300 00 
25,250 00 
53,500 00 
24,700 00 
31,500 00 
8,974 60 
29,000 00 
200 00 
750 00 

19S,000 00 
1,000 00 

106,000 00 



$7,719,189 32 $8,115,386 60 



"THE INSURANCE COMPANY OF THE STATE OF PENN- 
SYLVANIA," PHILADELPHIA, PA. 

[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.] 

Paid-up Capital, $200,000. 

JOHN WELSH DULLES, President. WM. H. KILPATRICK, Secretary. 

Home Office, 136 South Fourth Street, 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on bonds, $ 7,753. 22 ; all other, $716.27, 



$181,052 53 
9,798 29 
8,469 49 



THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 255 



Rents, including company's own occupancy, 
From all other sources, * 



Total income, 
Ledger assets, Dec. 31, 1903, 



Total, 



Disbursements 



Net amount paid for fire losses, 

Deposit premiums returned, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $3,020 ; other taxes and fees 

Loss on sale or maturity of ledger assets, 

Profit and loss, 

Borrowed money repaid, .... 
All other disbursements, .... 

Total disbursements, .... 



Balance, 



Ledger Assets 

Real estate, .... 

Bonds (Schedule A), 

Cash in banks and office, . 

Agents' balances, 

Perpetual reinsurance reclaimable, 

Bills receivable, 



1,951.95, 



Total ledger assets, 

Non-Ledger Assets. 
Interest accrued on bonds, .... 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Reinsurance reserve on perpetuals, . 
All other, 



$18,283 41 
716 71 

$218,320 43 
578,921 08 

$797,241 51 



$72,216 10 

11,016 27 

39,134 87 

13,185 37 

4,000 00 

12,225 72 

5,971 95 

84 62 

216 80 

24,000 00 

11,773 38 

$193,825 08 

$603,416 43 



$306,533 19 

226,356 75 

32,496 62 

27,883 84 

4,427 10 

5,718 93 

$603,416 43 



2,188 
3,035 
4,966 
1,426 
41 



81 
93 

81 
80 
39 



Gross assets, 



$615,076 17 



Assets not admitted. 



Agents' balances over three months due, 
Bills receivable, past due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$62 90 

5,396 98 

759 00 



6,218 88 
$608,857 29 



Liabilities. 

Unpaid losses, including $2,600 resisted, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 



$18,285 96 
101,712 69 
180,152 54 



2o6 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



Commissions and other charges due agents and brokers, 

Borrowed money, 

Miscellaneous, 



$3,044 21 

50,000 00 

1,350 86 



All liabilities, except capital and surplus, . . . $354,546 26 
Surplus to policy holders, .... $254,31103 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 54,31103 



Total liabilities, . 



,857 29 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $6,776,895 00 $91,076 92 
. 19,091,749 00 230,304 00 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. f 25,868,644 00 $321,380 92 
. 10,839,338 00 133,961 45 



. $15,029,306 00 $187,419 47 
299,822 00 3,563 57 



. $14,729,484 00 $183,855 90 



Perpetual risks in force (not included above), $5,680,959 00 $200,169 48 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$22,171,739 00 

. 17,572,479 00 

83,624 00 

. 4,315,406 00 

132,700 00 



Schedule A. 
Bonds owned by the Company. 



City of Philadelphia bonds, 
City of Scranton, Pa , bonds, . 
Montgomery County, Pa., bonds, 
City of Chester, Pa., bonds, 
City of Allegheny, Pa., bonds, . 
County of Allegheny bonds, 
City of Pittsburg, Pa., bonds, . 
City of Harrisburg bonds, 
City of Cleveland, Ohio, bonds, 
City of Cincinnati, Ohio, bonds, 
City of Syracuse, N Y., bonds, 
City of Rochester, N. Y., bonds, 
City of New York, N. Y., bonds, 



Book Value. 

$46,680 75 

5,724 50 

5,213 00 

5,084 50 

10,346 00 

10,025 00 

10,982 00 

20,025 00 

10,300 00 

10,075 00 

9,605 00 

5,093 50 

77,202 50 



Market Value. 

$46,229 00 

5,575 00 

5,125 00 

5,050 00 

10,150 00 

10,150 00 

11,050 00 

20,050 00 

10,400 00 

10,100 00 

9,750 00 

5,093 75 

76,875 00 



$226,356 75 $225,597 75 



LUMBER INSURANCE CO. OF NEW YORK. 257 



"LUMBER INSURANCE COMPANY OF NEW YORK," 
NEW YORK, N. Y. 

[Incorporated June 1, 1904. Commenced business June 15, 1904.] 

Paid-up Capital, $200,000. 

PENDENNIS WHITE, President. RALPH H. McKELVEY, Secretary. 

Home Office, 66 Broadway. 

Income. 

Net fire premiums, $ 119,426 17 

Interest on stocks and bonds, 3,769 19 

Surplus paid in, 100,000 00 

Capital paid in, 200,000 00 

Total income, $423,195 36 

Disbursements. 

Net amount paid for fire losses, $27,398 38 

Commissions or brokerage, 3,390 25 

Salaries, fees, etc., of officers and employees, .... 26,346 04 

Taxes and fees, 301 87 

All other disbursements, 2,682 53 

Total disbursements, $60,119 07 

Balance $363,076 29 

Ledger Assets. 

Stocks and bonds (Schedule A), $229,830 00 

Cash in banks, 99,401 67 

Agents' balances, 33,844 62 

Total ledger assets, $363,076 29 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, . . . . . 1,666 69 

Gross assets, ■ . . $364,742 98 

Assets not admitted. 

Agents' balances over three months due, . . . . 217 64 

Total admitted assets, $364,525 34 

Liabilities. 

Unpaid losses, $5,191 24 

Unearned premiums on outstanding risks, .... 70,687 99 

Commissions and other charges due agents and brokers, . 1,264 18 

Due for reinsurance premiums, 4,663 83 

All liabilities, except capital and surplus, . . . $81,807 24 
Surplus to policy holders, .... $282,718 10 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 82,71810 

Total liabilities, .... .... $364,525 34 



258 



THE LUMBERMEN S MUTUAL INSURANCE CO. 



Risks and Premiums. 



Fire risks written during 1904, 
Risks expired and terminated, . 



f7,565,574 00 
652,600 00 



Premiums. 

$157,782 14 
16,406 15 



In force at end of year, 



$6,912,974 00 $141,375 99 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



New York City bonds, 
Lackawanna Steel Co. bonds, . 
Niagara Falls Power Co. bonds, 
Natural Food Co. bonds, . 
New York City bonds, 
Pullman Car Co. stock, t 



Book Value. 

$51,812 50 
25,000 00 
25,000 00 
6,580 00 
50,937 50 
70,500 00 



$157,782 00 

32,810 00 

31,676 00 

181,300 00 



Market Value. 

$51,812 50 
26,375 00 
25,000 00 
6,580 00 
50,937 50 
70,500 00 



$229,830 00 $231,205 00 



" THE LUMBERMEN'S MUTUAL INSURANCE COMPANY OF 
MANSFIELD, OHIO," MANSFIELD, OHIO. 

Commenced business Oct. 10, 1895. 
E. S. VAIL, President. W. H. G. KEGG, Secretary. 

Home Office, Corner Main and Third streets. 

Income. 

Net premiums, $142,552 50 

Interest on mortgage loans, $424.93; collaterals, $9.20; 

stocks and bonds, $1,849; all other, $1,839.33, . . . 4,122 46 

From all other sources, 399 80 

Total income, $147,074 76 

Ledger assets, Dec. 31, 1903, . . . • . . . . 136,856 35 

Total, $283,931 11 

Disbursements. 

Net amount paid for losses, $26,877 86 

Profits on terminated policies, 33,597 09 

Commissions or brokerage, 6,991 47 

Salaries, fees, etc., of officers and employees, 10,988 00 

Rents, 480 04 

Taxes and fees, 1,613 49 

All other disbursements, 8,807 20 

Total disbursements, $89,355 15 

Balance, $194,575 96 



THE LUMBEKMEN'S MUTUAL INSURANCE CO. 259 



Ledger Assets. 

Mortgages, |6,787 44 

Loans secured by collateral (23 shares Mans. Pure Milk Co.), 704 20 

Stocks and bonds (Schedule A), ' . 89,209 45 

Cash in banks, 81,990 94 

Agents' balances, 15,883 93 

Total ledger assets, f 194,575 96 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $145.25; bonds, $502; collateral loans, 

$67.70; other assets, $774.22, 1,489 17 

Gross assets, $196,065 13 

Assets not admitted. 

Depreciation in book value of bonds, 1,443 20 

Total admitted assets, $194,621 93 

Liabilities. 

Losses resisted, $1,5C0 00 

Unearned premiums on outstanding risks, .... 71,276 25 

Commissions and other charges due agents and brokers, . 3,415 92 

All liabilities, except surplus, $76,192 17 

Surplus 118,429 76 

Total liabilities, ..." $194,621 93 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1903, $3,619,460 00 $102,559 32 $307,677 96 

Risks written during 1904, . 5,682,133 00 162,667 56 488,002 68 

Total, $9,301,593 00 $265,226 88 $795,680 64 

Risks expired and terminated, . 4,177,789 00 122,674 38 368,023 14 

In force at end of year, . . $5,123,804 00 $142,552 50 $427,657 50 

Miscellaneous. 

Losses incurred during the year, $26,878 00 

Profits or surplus returned during 1904, 33| per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $66,704 45 $65,26125 

Shelby, Ohio, city bonds, 2,010 00 2,010 00 

75 shares Farmers' National Bank, . . . 8,495 00 8,625 00 

3 " Mansfield Building and Loan Asso., 12,000 00 12,000 00 

$89,209 45 $87,896 25 



2 GO manufacturers' mutual FIRE INSURANCE CO. 



" MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY OF 
RHODE ISLAND," PROVIDENCE, R. I. 

[Incorporated 1835. Commenced business Dec. 1, 1835.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums $460,630 48 

Interest on stocks and bonds, $17,757.44; all other, $ 1,312.56, 19,070 00 

Premiums paid in advance, 50 00 

Total income, $479,750 48 

Ledger assets, Dec. 31, 1903, 461,214 57 

Total, $940,965 05 

Disbursements. 

Net amount paid for losses, $37,388 88 

Profits on terminated policies, 374,161 02 

Salaries, fees, etc., of officers and employees, .... 8,951 71 

Rents, 787 22 

Taxes and fees, 8,330 71 

Inspections, 6,390 67 

All other disbursements, 1,979 10 

Total disbursements, $437,989 31 

Balance, $502,975 74 

Ledger Assets. 

Stocks and bonds (Schedule A), $462,87193 

Cash in banks, 31,711 24 

Premiums in course of collection, 8,392 57 

Total ledger assets, $502,975 74 

Non-Ledger Assets. 

Interest due and accrued : — 

On bonds, $941.67; other assets, $3,909.93 4,85160 

Market value of stocks and bonds over book value, . . 139,189 82 

Gross assets, $647,017 16 

Liabilities. 

Unpaid losses, $1,153 66 

Unearned premiums on outstanding risks, .... 226,762 31 

State taxes accrued, 7,228 39 

All liabilities, except surplus, $235,144 36 

Surplus, 411,872 80 

Total liabilities, $647,017 16 



THE MECHANICS' INSURANCE CO. 



2(51 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $49,797,630 00 $405,794 44 $2,028,972 20 
Risks written during 1904, . 60,249,743 00 481,545 73 2,407,728 65 



Total, . . . . $110,047,373 00 $ 887 ,340 17 f 4,436,700 85 
Risks expired and terminated, . 53,555,779 00 433,815 55 2,169,077 75 



In force at end of year, . . f 56,491,594 00 $453,524 62 $2,267,623 10 

Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1904, 90.65 per cent. 



$36,144 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, 

Rhode Island State bonds, 
150 shares Providence & Worcester R.R., 



100 
100 
1,400 
60 
843 
110 
100 
100 
110 
200 
300 
300 
210 
100 
100 



Boston & Providence R.R, . 
Rome, Watertown & Ogden. R.R. 
Pennsylvania R.R., 
Old Colony R.R., . 
Northern Securities Co., 
N. Y„ N. H. & Hartford R.R., 
Chic, Mil. & St Paul R.R., . 
Clev., Cin., Ch. & St. Louis R.R., 
Chic, Burlington & Quincy R.R., 
Chicago & Northwestern R.R., 
Union Pacific R.R., 
Illinois Central R.R., . 
American National Bank, Prov, 
National Bank of Com., Prov., 
Manhattan R'y Co., 



Book Value. 

f 10,000 00 
50,000 00 
32,500 00 
25,300 00 
11,812 50 
84,173 61 
10,797 87 
52,261 30 
24,612 50 
17,337 50 
9,925 00 
13,362 50 
32,935 63 
26,189 07 
39,576 95 
5,100 00 
3,600 00 
13,387 50 



Market Value. 

$13,100 00 
52,000 00 
43,200 00 
30,200 00 
13,800 00 
96,600 00 
12,300 00 

111,486 75 
21,835 00 
18,450 00 
11,400 00 
24,860 00 
41,400 00 
29,250 
46,950 
13,230 
5,500 
16,500 



00 
00 
00 
00 
00 



$462,871 93 $602,061 75 



"THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 13, 1854. Commenced business May 4, 1854.] 

Paid-up Capital, $250,000. 

SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 

Home Office, 500 Walnut Street. 



Income. 

Net fire premiums, 1312,147 30 

Deposit premiums on perpetual risks, 17,901 53 

Interest on mortgage loans, $13,848.63; collaterals, $2,146.41 ; 

stocks and bonds, $21,900; all other, $683.90, . . . 38,578 94 



262 THE mechanics' INSURANCE CO. 

Rents, including company's own occupancy, .... $ 4,601 67 
From all other sources, 402 50 



Total income, $373,631 94 

Ledger assets, Dec. 31, 1903, less commissions due, . . 963,294 27 



Total, $1,336,926 21 

Disbursements. 

Net amount paid for fire losses, $166,358 66 

Deposit premiums returned, 12,524 78 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 88,859 57 

Salaries, fees, etc., of officers and employees, .... 15,568 59 

Rents, including company's own occupancy, .... 2,500 00 

Repairs and expenses on real estate, 985 97 

Real estate taxes, $965.25 ; other taxes and fees, $11,207.60, 12,172 85 

Loss on sale or maturity of ledger assets, .... 1,246 58 

All other disbursements, 18,758 80 



Total disbursements, $338,975 80 



Balance, $997,950 41 



Ledger Assets. 

Real estate, $81,732.25; mortgages, $255,585, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents' balances, 

Perpetual reinsurance deposits, 



$337,317 25 

60,100 00 

533,539 34 

27,885 22 

35,855 33 

3,253 27 



Total ledger assets, $997,950 41 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $3,039.42; stocks and bonds, $4,611.64; col- 
lateral loans, $165.28, 7,816 34 

Market value of stocks and bonds over book value, . . 46,589 41 



Gross assets, $1,052,356 16 

Assets not admitted. 
Depreciation in book value of real estate, .... 2,732 25 



Total admitted assets, $1,049,623 91 

Liabilities. 

Unpaid losses, including $1,570.25 resisted, $47,109.52; less 
reinsurance, $7,623.26, $39,486 26 

Unearned premiums on outstanding risks, $233,584.08; plus 

same on disallowed reinsurance, $28,701.47, . . . 262,285 55 

Reclaimable on perpetual fire policies, 285,760 05 

All liabilities, except capital and surplus, . . . $587,531 86 



THE MECHANICS' INSURANCE CO. 



263 



Surplus to policy holders, 

Paid-uj) capital, 

Surplus over capital and general liabilities, 

Total liabilities, .... 



$462,092 05 



|250,000 00 
212,092 05 

$1,049,623 91 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



),741,431 00 

. 32,713,955 00 

. $73,455,386 00 

. 29,102,011 00 

. $44,353,375 00 

. 4,410,027 00 

.$39,943,348 00 



Perpetual risks in force (not included above), $13,679,978 00 



Premiums. 

$468,159 90 
409,559 92 

$877,719 82 
377,471 65 

$500,248 17 
56,511 25 

$443,736 92 
$315,373 94 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$4,935,538 00 

2,742,704 00 

170,148 00 

640,660 00 

20,000 00 

55,875 00 



Schedule A. 

Securities held as Collateral 



Philadelphia City Passenger R'y bonds, 
Philadelphia Electric Co. certificates, 
Lehigh Valley R.R. Co stock, . 
Lehigh Coal & Navigation Co. stock, 



Market Value. Loaned Thereon. 

$10,000 00 $9,100 00 

3,000 00 1,000 00 

50,000 00 

5,000 00 



50,000 00 



Schedule B. 



$68,000 00 $60,100 00 



Stocks and Bonds owned by the Company. 



Phil., Wilmington & Baltimore R.R. bonds, 

Union Passenger R'y bonds, 

Borough of Clifton Heights, Pa., bonds, . 

Schuylkill River E. S. R.R. bonds, . 

Northern Pacific Terminal bonds, . 

Philadelphia & Erie R.R. gold bonds, 

North Pennsylvania R.R. bonds, 

The Toledo Electric St. Pass. R'y Co. bonds, 

United States bonds, 

Con. Traction Co. of New Jersey bonds, . 
Second Ave. Traction Co., Pittsburg, bonds, 
Terminal R.R. Asso. of St. Louis bonds, . 
Commonwealth of Pennsylvania bonds, . 
City of Altoona, Pa., bonds, 



Book Value. 

$2,180 00 

21,000 00 

3,000 00 

30,900 00 

10,825 00 

28,000 00 

13,255 00 

10,000 00 

6,181 25 

8,435 00 

10,000 00 

10,000 00 

5,050 00 

8,000 00 



Market Value. 

$2,050 00 
21,525 00 

3,000 00 
31,125 00 
11,575 00 
28,840 00 
11,962 50 
10,000 00 

6,468 75 
10,800 00 
11,500 00 
11,712 50 

5,000 00 

8,030 00 



264 



mechanics' mutual FIRE INSURANCE CO. 



Lehigh Valley R.R. bonds, 
City of Philadelphia bonds, 
City of Philadelphia bonds, 
Pitts., Cin , Chic. & St. Louis R'y Co. bonds, 
Allegheny Valley R.R. bonds, . 
Second Avenue R.R., N. Y., bonds, . 
Pennsylvania Co. loan bonds, . 
Camden & Suburban R'y Co. bonds, 
Edison Electric Light bonds, . 
Philadelphia Co. bonds, .... 
Suburban Rapid Transit Co., Pittsburg, bonds 
L. S. & M S. R'y Co. bonds, . 
Lehigh Valley Coal Co. bonds, 
Chesapeake & Ohio R'y car trust bonds, . 
200 bhares Fair. Park & Hadd. Pass. R'y Co. 



100 

30 

20 

1,000 

1,000 



Union Pass. R'y Co., 
13th & 15th Sts. Pass. R'y, 
2d & 3d Streets Pass. R'y, 
Philadelphia Traction Co., 
Union Traction Co., 



Book Value. 

$9,825 00 
21,063 00 

3,042 50 
11,025 00 

6,487 50 
18,000 00 
14,700 00 
16,014 58 
18,902 50 
22,144 25 
15,505 00 
10,000 00 
10,000 00 
19,726 00 
12,025 01 
18,337 50 

5,883 

3,982 
82,375 
47,575 



75 
50 
00 
00 



Market Value. 

$10,612 50 
20.275 

3,045 
11,062 

5,750 
16,650 
14,850 
16,200 
18,742 
21,550 
14,840 
10,012 
11,200 
20,000 
14,500 
23,900 00 

9,300 00 

6,050 00 
99,000 00 
59,000 00 



00 
00 
50 
00 
00 
00 
00 
50 
00 
00 
50 
00 
00 
00 



$533,539 34 $580,128 75 



"MECHANICS' MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1871. Commenced business 1871.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums, $311,760 04 

Interest on stocks and bonds, $9,659.63 ; all other, ft 1,789. 40, 11,449 03 
Premiums paid in advance, 50 00 



Total income, 
Ledger assets, Dec. 31, 1903, 



$323,259 07 
282,559 91 



Total $605,818 98 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, . 

Taxes and fees, . . . ... 

Loss on sale or maturity of ledger assets, 

Inspections, 

All other disbursements, 



Total disbursements, 
Balance, 



$14,058 44 
248,962 23 
6,206 17 
524 82 
5,563 15 
4,321 01 
4,257 22 
1,374 77 

$285,267 81 

$320,551 17 



mechanics' mutual FIRE INSURANCE CO. 265 



Ledger Assets. 

Stocks and bonds (Schedule A), $236,730 27 

Cash in banks, 77,564 89 

Premiums in course of collection, 6,256 01 



Total ledger assets, $320,551 17 

Non-Ledger Assets. 

Interest due and accrued : — 

On bonds, $975; other assets, $1,827.68 2,802 68 

Market value of stocks and bonds over book value, . . 71,798 98 



Gross assets, $395,152 83 

Liabilities. 

Unpaid losses, $948 69 

Unearned premiums on outstanding risks, .... 153,382 08 

State taxes accrued, 4,917 08 



All liabilities, except surplus, $159,247 85 

Surplus, 235,904 98 

Total liabilities, $395,152 83 

Risks and Premiums. 

Amount. Cash Pi em's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $33,173,021 00 $271,696 25 $1,358,481 25 

Risks written during 1904, . 40,534,360 00 325,782 94 1,628,914 70 



Total, $73,707,38100 $597,479 19 $2,987,395 95 

Risks expired and terminated, . 35,720,774 00 290,715 03 1,453,575 15 



In force at end of year, . . $37,986,607 00 $306,764 16 $1,533,820 80 

Miscellaneous. 

Losses incurred during the year, $13,386 00 

Profits or surplus returned during 1904, 90 per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 



United States bonds, 

Rhode Island State bonds, 

100 shares Rome, Watert'n & Ogden. R R., 

100 " N. Y., Lack. & Western R.R., . 

800 " Pennsylvania R.R., . 

100 " Clev., Gin., Chic. & St. Louis R.R , 

110 " Chicago, Burl. & Quincy R.R., 

300 " Union Pacific R.R., . 

83 " Nat'l Bank of Com., Prov., R. I., 
473 " Northern Securities Co., . 
100 " Manhattan R'y Co., . 

50 " Providence Gas Co. 



$15,000 00 $19,650 00 

50,000 00 52,000 00 

11,812 50 13,800 00 

12,200 00 13,700 00 

46,000 00 55,200 00 

10,162 50 11,400 00 

13,362 50 24,860 00 

26,089 07 29,250 00 

3,315 00 4,565 00 

30,276 20 62,554 25 

13,387 50 16,500 00 

5,125 00 5,050 00 



$236,730 27 $308,529 25 



2Q6 



mechanics' and traders' INSURANCE CO. 



"MECHANICS 1 AND TRADERS 1 INSURANCE COMPANY," 

NEW ORLEANS, LA. 

[Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1869.] 

Paid-up Capital, $300,000. 

JAMES NICHOLS, President. R. L. EMERY, Secretary. 

Home Office, 144 Carondelet Street. 

Income. 

Net fire premiums, $343,830.55; marine. $4,111.35, . . $347,94190 

Interest on stocks and bonds, $18,810.56 ; all other, $487.41, 19,297 97 

Rents, including company's own occupancy, .... 2,400 00 

Profit on sale or maturity of ledger assets, .... 28 65 

From all other sources, 9 80 

Total income, $369,678 32 

Ledger assets, Dec. 31, 1903, . 569,565 46 

Total, $939,243 78 

Disbursements. 

Net amount paid for losses, $214,960 03 

Commissions or brokerage, 70,806 65 

Salaries, fees, etc., of oflScers and employees, .... 18,256 95 

Rents, including company's own occupanc} T , .... 300 00 

Repairs and expenses on real estate, 202 00 

Real estate taxes, $533.82 ; other taxes and fees, $10,484.79, . 11,018 61 

Loss on sale or maturity of ledger assets, .... 787 35 

All other disbursements, 10,925 52 

Total disbursements, $327,257 11 

Balance, $611,986 67 



Ledger Assets 



Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks, .... 
Agents 1 balances, 
Bills receivable, not matured, . 



Total ledger assets, 



$22,400 00 

502,368 30 

51,755 45 

33,412 21 

2,050 71 

?611,986 67 



Non-Ledger Assets. 

Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



3,000 00 
19,196 10 



Gross assets, 



$634,182 77 



MECHANICS AND TRADERS INSURANCE CO. 



267 



Liabilities. 

Unpaid losses, including $7,450 resisted, $33,626.04 ; less re- 
insurance, $20,206.25, $13,419 79 

Unearned premiums on outstanding risks, $208,405.13 ; plus 
same on disallowed reinsurance, $3,544.30, . . . . 211,949 43 



All liabilities, except capital and surplus, . . . $225,369 22 
Surplus to policy holders, .... $408,813 55 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities, .... 108,813 55 

Total liabilities, $634,182 77 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1904, 
Risks expired and terminated, . 



. $33,680,962 00 
. 41,462,533 00 



. $75,143,495 00 

. 34,674,510 00 

.$40,468,985 00 

. 9,339,079 00 



Premiums. 

$420,023 56 
543,274 43 

$963,297 99 
430,984 43 

$532,313 56 
136,927 53 



. $31,129,906 00 $395,386 03 



. $4,376,358 00 
. 4,376,358 00 



515,791 40 
15,791 40 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



J8,750,813 00 

4,811,880 00 

211,396 00 

1,178,337 00 

120,800 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Louisiana State bonds, 

City of New Orleans bonds 

Lafourche Basin Levee District bonds, . 

New Orleans City & Lake R.R. bonds, . 

Kansas City, Ft. Scott & Memphis R.R. bonds, 

150 shares People's Sav. Tr. & Bk. Co., 1ST. O., 
6 " Hibernia B'k & Tr. Co., New Or., . 
15 ■« Provident Sav. & Tr. Dep. Co., 

200 " Standard Guano & Chem. Mfg. Co., 
50 " Standard Cotton Seed Oil Co., 
30 " National Acid Co., New Orleans, . 



Book Value. 

$150,903 75 

238,799 85 

26,875 00 

6,060 
17,750 
11,400 

1,499 

1,430 
40,000 00 

3,750 00 

3,900 00 



00 
00 
00 
70 
00 



Market Value. 

$154,062 50 
239,936 90 

27,875 00 
6,675 00 

17,750 00 

22,200 00 
3,090 00 
2,325 00 

40,000 00 
3,750 00 
3,900 00 



$502,368 30 $521,564 40 



268 



MERCANTILE MUTUAL FIRE INSURANCE CO. 



"MERCANTILE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1884. Commenced business August, 1884.] 
HENRY T. GRANT, President. ALFRED U. EDDY, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums $200,135 28 

Interest on collaterals, $371.46; stocks and bonds, $7,125 ; 

all other, $300.95, . 7,797 41 

Profit on sale or maturity of ledger assets, .... 887 50 



Total income $ 208,820 19 

Ledger assets, Dec. 31, 1903, 169,072 03 

Total, $377,892 22 

Disbursements. 



Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, 

All other disbursements, 

Total disbursements, 

Balance, 



$31,836 56 

148,011 30 

13,470 00 

1,100 00 

4,135 82 

7,770 78 

$206,324 46 

$171,567 76 



Ledger Assets. 

Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks, 

Premiums in course of collection, . 
Endorsed call loan, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due : — 
On bonds, $75; collateral loans, $115.61; other assets, 

$1,466.36, 

Market value of stocks and bonds over book value, 



$4,600 00 

127,879 25 

32,969 20 

5,119 31 

1,000 00 

$171,567 76 



1,656 97 
40,845 75 



Gross assets, 



Assets not admitted. 



Premiums in course over three months due, . 
Loans on personal security, . 

Total unadmitted assets, .... 

Total admitted assets, . 



. 


$214,070 48 


». 

$103 13 
1,000 00 


1,103 13 





$212,967 35 



MERCANTILE MUTUAL FIRE INSURANCE CO. 



269 



Liabilities. 

Unpaid losses, including $78.74 resisted, .... $55198 

Unearned premiums on outstanding risks, .... 99,528 53 

Salaries and other miscellaneous expenses, due or accrued, . 3,981 14 

All liabilities, except surplus, $104,061 65 

Surplus, 108,905 70 



Total liabilities, $212,967 35 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $21,186,620 00 $191,754 50 $958,772 50 

Risks written during 1904, . 23,138,442 00 212,122 04 1,060,610 20 



Total, $44,325,062 00 $403,876 54 $2,019,382 70 

Risks expired and terminated, . 22,849,294 00 204,819 48 1,024,097 40 



In force at end of year, 



.$21,475,768 00 $199,057 06 $995,285 30 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 77 per cent. 



$21,949 00 



Schedule A. 

Securities held as Collateral. 

Market Value. Loaned Thereon. 

Denver City Tramway Co. bond, . . . $1,000 00^ 

75 shares Producers' National Bank, . . 2,400 00 | 

30 " National Bank of Commerce, . . 1,680 00 } $4,600 00 

5 " American Telephone & Tel. Co., . 70C 00 | 

13 " American Screw Co., . . . 1,300 00 ) 



$7,080 00 $4,600 00 



Schedule B. 



Stocks and Bonds owned' by the Company. 



United States bonds, 

250 shares Illinois Central R.R., 

100 " Boston & Maine R.R., . 

100 " Union Pacific R.R., . 

100 " Pennsylvania R.R., . 

150 " Rhode Island Investment Co., 

100 " American Express Co., . 

100 " Wells Fargo Co., . 

100 " American Telephone & Tel. Co., 



Book Value. 

$10,987 50 
25,416 75 
19,525 00 
8,425 00 
11,975 00 
15,250 00 
11,075 00 
13,025 00 
12,200 00 



Market Value. 

$10,500 00 

39,250 00 

17,200 00 

9,800 00 

13,900 00 

18,000 00 

20,900 00 

24,300 00 

14,875 00 



$127,879 25 $168,725 00 



270 merchants' mutual FIRE INSURANCE CO. 



"MERCHANTS' MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated Oct. 12, 1874. Commenced business Nov. 1, 1874.] 
WILLIAM B. McBEE, President. JAMES H. SWEET, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums $284,424 40 

Interest on stocks and bonds, $12,627 . 33 ; all other, $ 1,694 . 19, 14,321 52 
Profit on sale or maturity of ledger assets, . . . . 1,251 10 



Total income, $299,997 02 

Ledger assets, Dec. 31, 1903, 315,174 09 

Total $615,171 11 



Disbursements. 

Net amount paid for losses, $21,331 10 

Profits on terminated policies, 239,803 01 

Salaries, fees, etc., of officers and employees, .... 5,477 62 

Rents, 639 97 

Taxes, 5,257 89 

Inspections, 4,003 78 

All other disbursements, 1,130 19 

Total disbursements, $277,643 56 

Balance, $337,527 55 

Ledger Assets. 

Stocks and bonds (Schedule A) ' . $287,502 50 

Cash in banks, 44,544 75 

Premiums in course of collection, 5,480 30 

Total ledger assets, $337,527 55 

Non-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $4,061.20; other assets, $507.59, . . 4,568 79 

Market value of stocks and bonds over book value, . . 63,702 50 

Gross assets, $405,798 84 

Assets not admitted. 

Premiums in course over three months due, .... 2 50 

Total admitted assets, $405,796 34 



merchants' mutual FIRE INSURANCE CO. 



271 



Liabilities. 

Unpaid losses, $914 62 

Unearned premiums on outstanding risks, .... 140,062 00 

Taxes, 4,610 82 

All liabilities, except surplus, $ 145,587 44 

Surplus, 260,208 90 

Total liabilities, $405,796 34 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $31,198,074 00 $257,321 41 $1,286,607 05 
Risks written during 1904, . 86,850,271 00 296,686 31 1,483,431 55 



Total, $68,048,345 00 $554,007 72 $2,770,038 60 

Risks expired and terminated, . 33,666,461 00 273,883 72 1,369,418 60 



In force at end of year, 



. $34,381,884 00 $280,124 00 $1,400,620 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 91.54 per cent. 



$20,298 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Rhode Island State bonds, 

United States bonds, 

Chicago, Burlington & Quincy R.R. bonds, 
United Traction & Electric Co. bonds, 
Gt. Northern & North Pacific bonds, 
Long Island R.R. bonds, .... 
240 shares Illinois Central R.R., 
100 " Mahoning Coal Co., 
150 " Hereford Co., .... 
50 " Albany & Susquehanna R.R , . 
115 " Chicago & Northwestern R.R , 
100 " Rome, Watertown & Og. R.R., 
471 " Pennsylvania R.R 
200 " Morris & Essex R.R., 
50 " Rensselaer & Saratoga R.R., . 
85 " Pitts., Ft. Wayne & Chicago R.R., 
75 " National Bank of North America, 
50 " Upper Coos R.R. Co., . 
50 " Pitts., Bessemer & Lake Erie R.R. 
100 " Lime Rock National Bank, 
82 " Merchants' National Bank, 
50 u Mechanics' National Bank, 
250 " Manhattan Elevated R'y, 
50 " Atlanta & Charlotte Air Line R.R., 
50 " Cleve., Cin. & Chic. R.R., 



Book Value. 

$30,000 00 

9,000 00 

3,000 00 
10,000 00 
13,991 51 

4,950 00 
24,078 75 

6,050 00 
15,128 13 
12,150 00 
11,500 00 
10,000 00 
29,896 95 
18,740 86 

9,900 00 
15,302 

3,625 

7,450 

3,851 
500 

4,100 

2,500 00 
28,037 50 

8,000 00 

5,750 00 



50 
00 
00 
30 
00 
00 



Market Value. 

$32,175 00 
11,767 00 

2,945 00 
11,075 00 
29,290 00 

5,075 00 
37,500 00 

6,000 00 
14,925 00 
11,750 00 
23,805 00 
13,550 00 
32,557 00 
18,750 00 
10,300 00 
15,682 00 

6,375 00 

7,000 

3,600 
150 

7,134 

2,600 
33,000 00 

8,300 00 

5,900 00 



00 
00 
00 
00 
00 



$287,502 50 $351,205 00 



272 MIDDLESEX MUTUAL ASSURANCE CO. 



"MIDDLESEX MUTUAL ASSURANCE COMPANY," 
MIDDLETOWN, CONN.* 

[Incorporated June 2, 1836. Commenced business June 13, 1836.] 
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary. 

Home Office, 151 Main Street. 

Income. 

Net fire premiums, $124,621 57 

Interest on stocks and bonds, 30,408 58 

Rents 9,701 78 

Total income, $164,731 93 

Ledger assets, Dec. 31, 1903, 752,689 89 

Total, $917,421 82 

Disbursements. 

Net amount paid for fire losses, $103,745 52 

Commissions or brokerage, 19,807 92 

Salaries, fees, etc., of officers and employees, .... 22,199 00 

Repairs and expenses on real estate, 1,827 09 

Real estate taxes, $2,955.31; other taxes and fees, $2,115.61, . 5,070 92 

All other disbursements, 8,210 99 

Total disbursements, $160,861 44 

Balance, $756,560 38 

Ledger Assets. 

Real estate $194,000 00 

Stocks and bonds (Schedule A) 500,550 00 

Cash in banks, 42,067 08 

Agents' balances, 19,943 30 

Total ledger assets, $756,560 38 

Non-Ledger Assets. 

Market value of stocks and bonds over book value, . . 150,590 00 

Gross assets $907,150 38 

Assets not admitted. 

Agents 1 balances over three months due, .... 4,887 06 

Total admitted assets, $902,263 32 

* A mutual company. 



MIDDLESEX MUTUAL ASSURANCE CO. 



273 



Liabilities. 

Unpaid losses, including $1,630 resisted, $10,440 75 

Unearned premiums on outstanding risks, $208,872.65 ; plus 

same on disallowed reinsurance, $25.01, .... 208,897 66 



All liabilities, except surplus, . 
Surplus, 



$219,338 41 
682,924 91 



Total liabilities, $902,263 32 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

.$50,921,611 00 $446,570 81 
. 15,958,427 00 132,614 27 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $66,880,038 00 $579,185 08 
. 16,877,901 00 153,451 67 



. $50,002,137 00 $425,733 41 
6,525 00 50 02 



. $49,995,612 00 $425,683 39 



Miscellaneous. 

Losses paid from organization of company, . 
Fire losses incurred during the year, 



1,543,763 00 
106,846 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Middletown, Conn., town bonds, 

Portland, Conn., town bonds, . 

Nebraska Loan & Trust Co. bonds, . 

Omaha Water Co. bonds, .... 

W. & B. Douglas Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Cleve., Cin., Chicago & St. Louis R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

Union Pacific R.R. bonds, .... 

Pennsylvania R.R. bonds 

St. Paul, Minn. & Manitoba R.R. bonds, . 

Cin., Indianapolis & Western R.R. bonds, 

605 shares N. Y., N. H. & Hartford R.R., 

100 " Louisville & Nashville R.R., . 

345 " Chicago & Northwestern R.R., 

150 " Middletown National Bank, Conn., 
40 " First Nat'l B'k, Middletown, Conn., 
42 •• Middlesex Co. N 1 ! B% Middlet'n, 
30 " Central Nat'l Bank, Middletown, 

6 " First National Bank, Portland, 
90 " Omaha Water Co., . 

800 " Pennsylvania R.R. Co., . 

200 » Illinois Central R.R., 



Book Value. 

$9,000 00 
26,000 00 
19,750 00 
10,000 00 

5,000 00 
40,000 00 
40,000 00 
40,000 00 
20,000 00 
20,000 00 
25,000 00 
10,000 00 
60,500 00 
10,000 00 
34,500 00 
11,250 00 

4,000 00 

4,200 

2,250 
600 

2,000 
40,000 



00 
00 
00 
00 
00 



20,000 00 



Market Value. 

$9,000 00 
26,000 00 
19,750 00 
10,000 00 

5,000 00 
37,500 00 
40,200 00 
41,900 00 
22,750 00 
20,600 00 
34,000 00 

9,900 00 

120,395 00 

13,925 00 

74,660 00 

15,750 

4,000 

3,780 

2,310 
600 

2,000 
55,300 
31,300 



00 
00 
00 
00 
00 
00 
00 
00 



274 millers' national insurance co. 

Book Value. Market Value. 

Kansas City, Ft. Scott & Memphis bonds, . $ 12,000 00 $10,740 00 

Iowa Falls & Sioux City bonds, . . . 9,500 00 12,255 00 

Chicago & Eastern Illinois bonds, . . . 10,000 00 12,000 00 

East Orange, N. J., water bonds, . . . 15,000 00 15,525 00 



$500,550 00 $651,140 00 



" MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.] 

Paid-up Capital, $200,000. 

C. H. SEYBT, President. W. L. BARNUM, Secretary. 

Home Office, 205 La Salle Street. 

Income. 

Net fire premiums, $183,868 99 

Interest on stocks and bonds and mortgages, . . . * . 37,464 66 
Assessments on deposit notes, 353,704 75 

Total income, $575,038 40 

Ledger assets, Dec. 31, 1903, 709,592 96 

Total, : $1,284,631 36 

Disbursements. 

Net amount paid for fire losses, $303,634 87 

Commissions or brokerage, 27,652 24 

Salaries, fees, etc., of officers and employees, .... 58,315 00 

Taxes and fees, 11,533 11 

All other disbursements, 14,138 05 

Total disbursements, $415,273 27 

Balance, $869,358 09 

Ledger Assets. 

Mortgages $116,000 00 

Stocks and bonds (Schedule A), . . . '. . . 792,214 05 

Cash in banks and office, 99,143 51 

Office premiums in course of collection, 17,372 37 

$1,024,729 93 
Deduct guarantee deposits, 155,371 84 

Total ledger assets, $869,358 09 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $2,214.41 ; stocks and bonds, $11,216.35, . 13,430 76 

Market value of stocks and bonds over book value, . . 39,491 00 

Deposit notes 3,024,080 22 

Gross assets $3,946,360 07 



millers' NATIONAL INSURANCE CO. 



275 



Assets not admitted. 



Deposit notes, . 

Total admitted assets, 



$3,024,080 22 
$922,279 85 



Liabilities. 

Unpaid losses < $28,267 45 

Unearned premiums on outstanding risks, .... 214,663 98 

Commissions and other charges due agents and brokers, . 2,924 05 

Due for return premiums, 2,327 84 

All liabilities, except capital and surplus, . . . $248,183 32 
Surplus to policy holders, .... $674,096 53 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 474,096 53 

Total liabilities, $ 922,279 85 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



.$30,971,641 00 
. 18,474,717 00 



Total $49,446,358 00 

Risks expired and terminated, .... 18,124,085 00 



Premiums. 

$519,696 19 
294,826 52 

$814,522 71 
288,692 15 



In force at end of year, 



.$31,322,273 00 $525,830 56 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



$6,630,251 00 

4,632,915 00 

290,381 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States, D. C, bonds, 

Cook Co., 111., bonds, .... 

Chicago Board of Trade bonds, 

North Chicago City R'y bonds, 

St Lo., Cass Ave. & Fair Grounds R.R. bonds 

Illinois Central R.R. bonds, 

Chic, Milwaukee & St. Paul R.R. bonds, 

Chic, Burlington & Quincy R.R. bonds, . 

North Chicago Electric R'y bonds, . 

Chicago Electric Transit R'y bonds, 

Sanitary District of Chicago bonds, 

Marseilles, 111., bonds, 

Osgood, Ind., bonds, . 

Aberdeen, So. Dak., bonds, 

Des Plaines, 111., bonds, . 

Town of Wade, 111., bonds, 

Lincoln, 111., bonds, , 

Bonne Terre, Mo., bonds, . 



Book Value. 

$50,000 00 
60,000 00 
10,000 00 
10,000 00 
25,000 00 
25,000 00 
10,000 00 
13,000 00 
10,000 00 
25,000 00 
10,000 00 
3,000 00 
2,000 00 
10,000 00 
2,056 35 
15,000 00 
25,000 00 
14,000 00 



Market Value. 

$60,000 00 
60,000 00 
10,200 00 
10,000 00 
25,625 00 
26,000 00 
11,000 00 
13,260 00 
10,000 00 
25,000 00 
10,500 00 
3,000 00 
2,000 00 
10,000 00 
2,056 35 
15,000 00 
25,000 00 
14,000 00 



276 



MILWAUKEE FIRE INSURANCE CO. 



Poplar Bluff, Mo., bonds, . 

Windsor, 111., bonds, . 

Mechanics burg, 111., bonds, 

White County, Ind , bonds, 

Lawrence County, 111., bonds, . 

Mishawaka, Ind., bonds, . 

Jasper County, Ind., bonds, 

Sullivan County, Ind., bonds, . 

Chic. Gas Light & Coke Co. bonds, . 

Kahoka, Mo., bonds, .... 

Doniphan, Mo , bonds, 

Mead County, So. Dak., bonds, 

St. Claire County, 111., bonds, . 

Caruthersville, Mo., bonds, 

Stoddard County, Mo., bonds, . 

St Louis Terminal R.R, bonds, 

Pere Marquette R.R. bonds, 

Cin., Findlay & Ft. Wayne R.R. bonds, 

Illinois Central R.R. bonds, 

Brainerd School District, Minn., bonds, 

Hillsboro, 111., bonds, 

Dysart, Iowa, bonds, 

Macomb, 111., bonds, . 

Monett, Mo., bonds, . 

Farmington, 111., bonds, 

South Side Elevated R'y, Chicago, bonds 

Halstad, Minn., bonds, 

Willow Springs, Mo., bonds, . 

Fergus Falls, Minn., bonds, 

South Side Elevated R'y, Chicago, stock, 

Chicago National Bank stock, . 



Book Value. 

810,000 00 

10,000 00 

2,500 00 

10,000 00 

6,000 00 

14,000 00 

5,000 00 

1,000 00 

10,000 00 

12,800 00 

15,000 00 

1,800 00 

7,000 00 

26,000 00 

15,657 70 

50,000 00 

50,000 00 

25,000 00 

25,000 00 

22,000 00 

17,000 00 

10,000 00 

14,000 00 

18,800 00 

9,500 00 

5,000 00 

9,000 00 

5,000 00 

45,000 00 

11,100 00 

10,000 00 



Market Value. 

$10,000 00 

10,000 00 

2,500 00 

10,000 00 

6,000 00 

14,000 00 

5,000 00 

1,000 00 

10,500 00 

12,800 00 

15,000 00 

1,800' 00 

7,000 00 

26,000 00 

15,657 70 

49,750 00 

51,250 00 

24,250 00 

25,500 00 

22,000 00 

17,000 00 

10,000 00 

14,000 00 

18,800 00 

9,500 00 

5,100 00 

9,000 00 

5,000 00 

45,000 00 

10,656 00 

35,000 00 



$792,214 05 $831,705 05 



"MILWAUKEE FIRE INSURANCE COMPANY," MILWAUKEE, WIS. 

[Incorporated March 22, 1898. Commenced business March 23, 1898.] 
Paid-up Capital, $200,000. 
WM. L. JONES, President. H. A. NOLTE, Secretary. 

Home Office, 442 City Hall Square. 

Income. 

Net fire premiums, $306,593 07 

Interest on mortgage loans, $10,983.83; stocks and bonds, 

$10,471.85; all other, $621.88, 22,077 56 

Profit on sale or maturity of ledger assets, .... 8,006 25 

From all other sources, 5,760 64 

Total income $342,437 52 

Ledger assets, Dec. 31, 1903 551,304 97 

Total $893,742 49 

Disbursements. 

Net amount paid for fire losses, $161,098 75 

Commissions or brokerage, 85,198 37 

Salaries, fees, etc., of officers and employees, .... 15,902 05 



MILWAUKEE FIRE INSURANCE CO. 



277 



Rents, 

Taxes and fees, 

All other disbursements, 



$700 00 
10,166 27 
16,451 68 



Total disbursements, $289,517 12 



Balance, $604,225 37 



Ledger Assets. 



Mortgages, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 



$251,739 59 

280,875 00 

38,581 11 

33,029 67 



Total ledger assets, $604,225 37 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,358.69 ; stocks and bonds, $450, 



Gross assets, 



2,808 69 



$607,034 06 



Liabilities. 

Unpaid losses, including $2,185.81 resisted, $29,963.32; less 
reinsurance, $2,885.72 $27,077 60 

Unearned premiums on outstanding risks, $255,650.90; plus 
same on disallowed reinsurance, $337.19, .... 255,98809 

Reserve for reinsurance company, 13,375 88 

All liabilities, except capital and surplus, . . . $296,441 57 
Surplus to policy holders, .... $310,592 49 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 110,592 49 

Total liabilities, $607,034 06 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

.$38,021,829 00 $458,842 03 
. 32,098,949 00 389,913 81 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 



$70,120,778 00 $848,755 84 
25,399,632 00 325,298 74 



$44,721,146 00 $523,457 10 
4,252,059 00 49,826 84 



. 



Net amount in force, . 



. $40,469,087 00 $473,630 26 



Miscellaneous. 




Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



. $1,579,684 00 

809,012 00 

166,832 00 

61,950 00 



278 



MILWAUKEE MECHANICS INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the Company. 



City of New York bonds, 

N. Y. Central & Hud. River R.R. Co. bonds, . 
Atlantic Coast Line R'y Co. bonds, .... 
Penn. R.R. Co. (Grand Rapids & Indiana) bonds, . 
Flint & Pere Mar. R'y Co (Port Huron Division) bonds 
Southern R'y Co. (Atlantic & Danville) bonds, 
Norfolk & Western — Pocahontas joint bonds,. 
Wabash R'y Co (Omaha Division) bonds, 
Wisconsin Central R'y Co. bonds, .... 
Western Maryland R'y Co. bonds, .... 
Milwaukee Light, Heat & Traction Co. bonds, 
Wisconsin Traction, Light, Heat & Power Co. bonds, 
Niagara Falls Hydraulic Power & Mfg. Co. bonds, 
Union Electric Light & Power Co. bonds, 
Wisconsin National Bank stock, .... 





Book and 
Market Value. 




$10,250 00 




45,000 00 




35,350 00 




18,700 00 


>> 


11,200 00 




9,500 00 




23,625 00 




30,100 00 




22,500 00 




9,000 00 




25,750 00 




9,700 00 




8,950 00 




10,000 00 




11,250 00 




$280,875 00 



"MILWAUKEE MECHANICS' INSURANCE COMPANY," 

MILWAUKEE, WIS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.] 

Paid-up Capital, $200,000. 

WM. L. JONES, President. OSCAR GRIEBLING, Secretary. 

Home Office, 442 City Hall Square. 

Income. 

Net fire premiums, $1,445,268 18 

Interest on mortgage loans, $52,998.41 ; stocks and bonds, 

$49,570.10; all other, f 1,879.60, 104,448 11 



Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
From all other sources, .... 



Total income, 
Ledger assets, Dec. 31, 1903, 



Total, 



Disbursements 



3,996 00 
13,068 95 
15,708 98 

$1,582,490 22 
2,894,983 95 



Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of ofiicers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $1,767. 73 ; other taxes and fees, $48,333. 21, 

All other disbursements, 

Total disbursements, 

Balance, 



$4,477,474 


17 


$901,420 83 


90,000 00 


364,155 


67 


91,482 


10 


6,385 


00 


714 


26 


50,100 94 


80,891 


77 


$1,585,150 


57 


$2,892,323 


60 



MILWAUKEE MECHANICS INSURANCE CO. 



279 



Ledger Assets. 

Real estate, $117,000; mortgages, $1,166,191.53, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $26,354.54 ; stocks and bonds, $6,589. 15, . 



$1,283,191 53 

1,282,931 25 

124,406 20 

201,794 62 

$2,892,323 60 



32,943 69 



Gross assets,* . $2,925,267 29 

50,200 90 



Assets not admitted. 
Special deposits less $28,964.10 liability thereon, . 

Total admitted assets, 



Liabilities. 

Unpaid losses, including $13,236.88 resisted, $122,495. 75 ; less 

reinsurance, $28,940.92, 

Unearned premiums on outstanding risks, $1,319,983.55; 

plus same on disallowed reinsurance, $4,237.07, 
Reserve for reinsurance company, . 



All liabilities, except capital and surplus, 



Surplus to policy holders, 

Paid-up capital, ..... 

Surplus over capital and general liabilities, 



1,875,066 39 



$93,554 83 

1,324,220 62 
81,900 97 



. $1,499,676 42 



. $1,375,389 97 



Total liabilities, . 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



200,000 00 
. 1,175,389 97 

. $2,875,066 39 



Risks and Premiums. 

Premiums. 

$209,293,267 00 $2,564,735 85 
.152,035,096 00 1,954,518 92 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$361,328,363 00 14,519,254 77 
. 129,323,778 00 1,689,352 21 



$232,004,585 00 $2,829,902 56 
. 26,304,097 00 353,247 18 



$205,700,488 00 $2,476,655 38 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (45 per cent.), 
Company's stock owned by directors, .... 



121,181,613 00 

10,842,133 00 

907,973 00 

1,230,000 00 

90,000 00 

50,730 00 



* Including $200,000 special reserve held by treasurer of State of Wisconsin. 



280 



MILWAUKEE MECHANICS' INSURANCE CO, 



Schedule A. 
Stocks and Bonds owned by the Company. 

Milwaukee general city bonds, 

Milwaukee general city bonds, 

Milwaukee city park bonds, 

Milwaukee city bath bonds, 

Milwaukee city water sewerage bonds, 

Milwaukee city water sewerage bonds, 

Milwaukee city street improvement bonds, 

St. Paul, Minn., board of education bonds, 

City of Portland, Ore., water bonds, 

Milwaukee County, Wis , bonds, 

Brown County, Wis., bonds, 

Washington County, Wis., bonds, . 

Racine, Wis., school bonds, 

Ramsey County, Minn., bridge bonds, 

Ramsey County, Minn., loan bonds, . 

Sanitary district of Chicago bonds, . 

State of Virginia century bonds, 

State of Georgia bonds, 

Chic, B. & Q. R.R. Co. (Han. & St. Joe.) bonds, . 

Toledo, Walhonding Valley & Ohio R'y Co. bonds, 

N. Y. Central & Hudson River R.R. Co. bonds, 

Southern R'y Co. (Knoxville & Ohio) bonds, . 

Southern R'y Co. (Atlantic & Danville) bonds, 

Southern R'y Co. bonds, 

Elgin, Joliet & Eastern R'y Co. bonds, . 

Wabash R'y Co. (Toledo & Chicago Division) bonds, 

Wabash R'y Co. (Detroit & Chicago Ext.) bonds, . 

Wabash Pittsburg Terminal R'y Co. bonds, 

Western Maryland R'y Co. bonds, .... 

Marquette, Houghton & Ontonagon R'y Co. bonds, 

Chicago & Alton R'y Co. bonds, .... 

Kansas City Southern R'y Co. bonds, 

Flint & Pere Marquette R'y Co. (Pt. Huron Div.) bonds, 

Wisconsin Central R'y Co. bonds, . 

Norfolk & Western-Pocahontas joint bonds, 

St. Louis, Iron Mt. & South. R'y Co. (R. & G. Div.) bonds, 

Minn , St. Paul & Saulte St. Marie R'y Co. bonds, . 

Milwaukee City R'y Co bonds, .... 

Milwaukee Light, Heat & Traction Co. bonds, 

Union Electric Light & Power Co. bonds, 

Wisconsin Traction, Light, Heat & Power Co. bonds, 

Niagara Falls Hydraulic Power & Mfg. Co. bonds, 

Niagara Falls Hydraulic Power & Mfg. Co. bonds, 

The Milwaukee Electric R'y & Light Co. stock, 

First National Bank of Milwaukee stock, 

National Exchange Bank of Milwaukee stock, 

Milwaukee Trust Co. stock 

Milwaukee Underwriters' Building Association stock, 
Milwaukee Underwriters' Build'g Association No. 2 stock, 
Milwaukee Underwriters' Build'g Association No. 3 stock, 



Book and 
Market Value. 


$4,005 00 


6,015 00 


30,210 00 


5,018 75 


10,225 00 


6,105 00 


8,180 00 


133,750 00 


57,375 00 


23,517 50 


12,330 00 


25,500 00 


19,215 00 


80,437 50 


25,375 00 


51,250 00 


11,340 00 


10,450 00 


5,650 00 


55,825 00 


45,000 00 


20,740 00 


23,750 00 


29,375 00 


29,000 00 


9,750 00 


21,900 00 


46,500 00 


36,000 00 


22,252 50 


24,000 00 


35,750 00 


22,400 00 


45,000 00 


47,250 00 


24,000 00 


24,750 00 


20,500 00 


51,500 00 


20,000 00 


24,250 00 


7,160 00 


12,000 00 


25,300 00 


14,500 00 


7,020 00 


6,250 00 


2,220 00 


2,040 00 


1,000 00 


$1,282,931 25 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 



281 



"THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN;' 

NEW YORK, N. Y. 

[Incorporated Jan. 30, 1852. Commenced business Feb. 3, 1852.] 

Paid-up Capital, $200,000. 

WM. HARKNESS, President. THOS. M. HARRIS, Secretary. 

Home Office, 30 Court Street. 



Income. 

Net fire premiums, $430,123 96 

Interest on stocks and bonds, 18,584 92 

Rents, 1,699 92 



Total income, $450,408 80 

Ledger assets, Dec. 31, 1903, 443,818 95 



Total, 



,227 75 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Premiums on bonds purchased, 

All other disbursements, .... 



$233,071 70 

20,000 00 

127,509 32 

13,916 87 

4,000 00 

5,265 30 

806 40 

. 3,106 55 



Total disbursements, $407,676 14 



Balance, $486,551 61 



Ledger Assets. 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 



$368,500 00 
30,392 14 
87,659 47 



Total ledger assets, $486,551 61 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, 



6,117 51 
203,642 00 



Gross assets, 



$696,311 12 

•: 



282 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 



Liabilities. 

Unpaid losses, $20,500 38 

Unearned premiums on outstanding risks, $255,311.90; plus 

same on disallowed reinsurance, $6,319.88, . . . . 261,631 78 



All liabilities, except capital and surplus, . . . $282,132 16 
Surplus to policy holders, .... $414,178 96 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 214,178 96 



Total liabilities, $696,31112 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



. $35,339,132 00 
. 49,860,916 00 

. $85,200,048 00 
. 37,831,325 00 

.$47,368,723 00 
. 3,997,208 00 



Premiums. 

$398,682 66 
567,259 30 

$965,941 96 
426,257 62 

$539,684 34 
39,891 44 



$43,371,515 00 $499,792 90 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared f i om organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



14,322,184 00 

1,846,883 00 

226,573 00 

1,382,500 00 

50,000 00 

20,000 00 

54,600 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



New York City tax exemption bonds, 
New York City tax exemption bonds, 
Brooklyn Rapid Transit bonds, 
Consolidated Gas debenture bonds, . 
City of New York consolidated stock, 
City of New York consolidated gas stock, 
City of New York consolidated gas stock, 
City of New York consolidated gas stock, 
Brooklyn city R.R. stock, . 
American Express Co. stock, . 
Manhattan Elevated R R. stock, 
N. Y. & N. J. Telephone Co. stock, . 
N. Y. & N. J. Telephone Co. stock, . 
Nassau National Bank of Brooklyn, 
Mechanics 1 Bank of Brooklyn, . 
National City Bank of Brooklyn, 



Book Value. 

$100,000 00 
30,000 00 
10,000 00 

5,500 00 
75,000 00 
10,000 00 
10,000 00 
900 00 
80,000 00 
10,000 00 
10,000 00 
10,000 00 

1,000 00 
10,000 00 

3,600 00 

2,500 00 



Market Value. 

$102,000 00 

30,600 00 

10,600 00 

9,900 00 

75,000 

19,800 

19,800 

1,782 

191,200 00 

, 20,900 00 

16,300 00 

16,600 

1,660 

37,500 

10,800 

7,700 



00 
00 
00 
00 



00 
00 
00 
00 
00 



$368,500 00 $572,142 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 283 



"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD," 

HARTFORD, CONN. 

[Incorporated June 4, 1869. Commenced business Dec. 1, 1871.] 

Paid-up Capital, $1,000,000. 

JAMES NICHOLS, President. B. R. STILLMAN, Secretary. 

Home Office, 95 Pearl Street. 

Income. 

Net fire premiums, f 4,423,659 75 

Interest on mortgage loans, $33,459.43; stocks and bonds, 

$198,349.16; all other, 12,749.80, 234,558 39 

Rents, 18,425 62 



Total income $4,676,643 76 

Ledger assets, Dec. 31, 1903, 6,336,714 39 



Total $11,013,358 15 

Disbursements. 

Net amount paid for fire losses $2,898,014 09 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 832,514 21 

Salaries, fees, etc., of officers and employees, .... 314,523 37 

Repairs and expenses on real estate, 5,983 91 

Real estate taxes, $6,436. 16; other taxes and fees, $148,679. 88, 155,116 04 

Loss on sale or maturity of ledger assets, .... 108,317 88 

Profit and loss, . 1,360 42 

All other disbursements, 331,502 90 



Total disbursements, $4,767,332 82 



Balance, $6,246,025 33 

Ledger Assets. 

Real estate, $392,555.70; mortgages, $630,550, . . .$1,023,105 70 

Stocks and bonds (Schedule A), 4,532,582 13 

Cash in banks and office, 184,605 60 

Agents 1 balances, 505,731 90 



Total ledger assets, $6,246,025 33 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . 272,913 87 



Gross assets, $6,518,939 20 

Assets not admitted. 

Special deposits less $83,987.35 liab. thereon, . $47,812 65 
Depreciation in book value of real estate, . 34,951 42 

Total unadmitted assets, .... 82,764 07 



Total admitted assets, $6,436,175 13 



284 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Liabilities. 

Unpaid losses, including $32,505.64 resisted, . . . . $381,094 77 
Unearned premiums on outstanding risks, f 3,381, 665. 51 ; plus 

same on disallowed reinsurance, $32,042.56, . . . 3,413,708 07 

Reserve for contingencies, 50,000 00 



All liabilities, except capital and surplus, . . . $3,844,802 84 
Surplus to policy holders, .... $2,591,37229 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,591,372 29 

Total liabilities, $6,436,175 13 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$677,164,103 00 $7,506,361 09 
. 564,897,443 00 6,432,380 75 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$1,242,061,546 00 $13,938,741 84 
. 531,096,742 00 5,828,168 14 



$710,964,804 00 $8,110,573 70 
. 117,373,930 00 1,428,536 23 



$593,590,874 00 $6,682,037 47 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (12 per cent), . 
Company's stock owned by directors, .... 



$47,309,533 00 

25,152,258 00 

2,861,991 00 

3,137,000 00 

100,000 00 

120,000 00 

87,000 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Atchison, Topeka & Santa Fe R'y deb. bonds, 
Atlantic & Danville R'y Co. bonds, . 
Augusta Terminal R'y Co. bonds, . 
Brooklyn Union Elevated R.R. Co. bonds, 
Buffalo R'y Co bonds, .... 
Central of Georgia R'y Co. bonds, . 
Central of Georgia R'y Co. equip, bonds, 
Chesapeake & Ohio R'y Co. bonds, . 
Central Branch Union Pacific R'y Co. bonds, 
Chieago & Alton R.R. Co. bonds, 
Chic, Burl. & Quincy RR. Co. bonds, 
Chicago & Cincinnati R.R. Co. bonds, 
Chicago & Erie R.R. Co. bonds, 
Chicago & Indiana Coal R'y Co. bonds, . 
Chicago North Shore Street R'y Co. bonds, 
Chicago Terminal Transfer R.R. Co. bonds, 



Book Value. 

$23,625 00 
94,375 00 
63,500 00 
49,312 50 
26,250 00 
26,250 00 
25,000 00 
46,400 00 
46,750 00 
22,500 00 
1,500 00 
21,200 
29,500 
40,012 
26,500 
45,712 



00 
00 
50 
00 
50 



Market Value. 

$24,000 00 
95,000 00 
60,000 00 
55,000 00 
28,000 00 
27,500 00 
25,000 00 
49,000 00 
47,500 00 
21,000 00 
1,880 00 
21,400 00 
30,000 00 
47,200 00 
27,000 00 
42,000 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



285 



Chicago & Western Indiana R.R. Co. bonds, 
Cin., Indianapolis & Western R'y bonds, 
Cin., Richmond & Muncie R.R. Co. bonds, 
Cleveland Electric R'y Co. bonds, . 
Danbury & Norwalk R.R. Co. bonds, 
E. Tenn., Virginia & Georgia R R. Co. bonds, 
Elgin, Aurora & Southern Traction Co. bonds 
Elgin, Joliet & Eastern R'y Co. bonds, . 
Evansville & Terre Haute R.R. Co. bonds, 
Flint & Pere Marquette R.R. Co. bonds, . 
Galveston, Harris. & San Antonio R'y Co. b'ds, 
Hunt. & Broad Top Mt. R.R. & C'l Co. bonds, 
Illinois Central certificates, 
International & Gt. Northern R R. Co. bonds, 
Iowa Central R'y Co. bonds, 
Kanawha & Michigan R'y Co. bonds, 
Kansas City Cable R'y Co. bonds, . 
Kan. City, Ft. Scott & Memphis R.R. Co. b'ds 
Kansas City R'y & Light Co. bonds, 
Louisville & Nashville R.R. Co. bonds, . 
Metropolitan Street R'y Co. bonds, . 
Minneapolis & St. Louis R.R. Co. bonds, 
Missouri, Kansas & Oklahoma R.R. Co. bonds, 
Mobile & Ohio R.R. Co. bonds, 
Nash., Chattanooga & St. Louis R'y Co. bonds, 
Nash., Chattanooga & St. Louis R'y Co. bonds, 
New Hampshire Trac Co. sinking fund bonds, 
Nodaway Valley R.R. Co. bonds, 
Norfolk & Western R'y Co. bonds, . 
Norfolk & Western R'y Co. bonds, . 
Northern Ohio R'y Co. bonds, . 
Northern Pacific Terminal Co. bonds, 
Northwestern Elevated R.R. Co. bonds, 
Peoria & Pekin Union R'y Co. bonds, 
Richmond & Danville R.R. Co. bonds, 
Rochester & Pittsburg R R. Co. bonds, 
St. Louis, Iron Mt. & Southern R'y Co. bonds, 
St. Louis, Memphis & Southeast. R.R. Co. b'ds, 
St. Paul & Northern Pacific R'y Co. bonds, 
St. Paul, Minneapolis & Man. R'y Co. bonds, 
Savannah, Florida & Western R'y Co. bonds, 
Seaboard & Roanoke R.R. Co. bonds, 
Seaboard Air Line R'y Co. bonds, 
Southern R'y Co. bonds, . 
Southern R'y Co. bonds, . 
Southern R'y Co. bonds, . 
Texas & Pacific R'y Co. bonds, 
Toledo & Ohio Central R'y Co. bonds, 
Toledo & Ohio Central R'y Co. bonds, . 
Toledo Traction Co. bonds, 
Ulster & Delaware R.R. Co. bonds, . 
United R'ys Co. of St. Louis bonds, . 
Wabash-Pittsburg Terminal R'y Co. bonds, 

Wabash R.R. Co. bonds 

Wabash R.R. Co. sinking fund bonds, 
Western Maryland R.R. Co. bonds, . 
Wheeling & Lake Erie R'y Co. bonds, 
Wheeling & Lake Erie R'y Co. bonds, . 
Galveston city bonds, .... 
Georgia State bonds, .... 



Book Value. 

$50,500 00 
24,750 00 
31,950 00 

102,190 00 
11,000 00 
31,500 00 
25,000 00 
57,350 00 
9,000 00 
33,350 00 
37,550 00 
26,000 00 
45,500 00 

124,625 00 
51,531 25 
11,400 00 
51,310 00 
28,887 50 
24,375 00 
58,175 00 
22,250 00 
14,325 00 
20,000 00 
27,593 75 
16,912 50 
28,343 75 

22.750 00 
5,120 00 

21.751 30 
47,187 50 
54,500 00 
99,487 50 
48,500 00 
40,210 00 
20,350 00 
60,215 00 
46,836 25 
24,000 00 
42,000 00 
51,500 00 
26,125 00 
51,625 00 
24,628 75 
64,143 75 
48,547 00 
25,000 00 

109,375 00 
86,671 25 
19,600 00 
49,250 00 
56,000 00 
43,000 00 
43,500 00 
21,000 00 
52,000 00 
84,000 00 
22,250 00 
18,000 00 
25,200 00 
27,500 00 



00 
00 
00 
00 



Market Value. 

$49,000 00 
24,750 00 
32,100 00 

103,000 00 
11,400 00 
36,000 00 
25,000 00 
57,500 00 
10,400 00 
33,000 00 
38,850 00 
26,000 00 
45,500 00 

125,000 00 
56,000 00 
14,250 00 
50,000 00 
30,750 00 
24,500 00 
58,800 00 
23,000 00 
14,550 00 
20,800 00 
28,500 00 
17,250 
28,500 
8,750 
5,000 
25,000 00 
47,000 00 
57,500 00 
98,600 00 
46,000 00 
37,600 00 
21,800 00 
62,730 00 
48,450 00 
24,250 00 
43,050 00 
51,000 00 
28,000 00 
55,000 00 
24,750 00 
65,450 00 
58,000 00 
24,500 00 

110,000 00 
88,800 00 
21,200 00 
50,000 00 
56,000 00 
44,000 00 
46,000 00 
23,200 00 
51,000 00 
89,000 00 
22,400 00 
18,400 00 
18,750 00 
27,000 00 



286 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Groton borough bonds, 

Lincoln city bonds, . 

New York City bonds, 

Opelika city bonds, . 

Portland city bonds, . 

Richmond city bonds, 

Silver City, N. M., bonds, 

Territory of Arizona bonds, 

Town of New Britain school bonds, 

Galveston Wharf Co. bonds, 

North East School Dist. of Hart,, Conn., bonds, 

Sch'l Dist. No. 2, Sp'ngw'ls T'nsh'p, Mich., b'ds, 

Suftield & Thompsonville Bridge Co. bonds, . 

Western Union Telegraph Co. bonds, 

45 shares Atch., Top. & Santa Fe R.R. Co., . 
200 " Belt R.R. & Stock Yd. Co., Ind'lis, 
100 " Belt R.R. & Stock Yd. Co.Jnd'lis, 
500 " Chicago Great Western R'y Co., 
257 " Chic, Rock Is. & Pac. R.R. Co., 
200 " Ft. Wayne & Jackson R.R. Co., 
200 " Georgia R.R. & Banking Co., 
238 " Illinois Central R.R. Co., . 

17 " Illinois Central R.R. Co., . 
200 " Mobile & Ohio R.R. Co., 
1,135 " N. Y., N. H. & Hart. R.R. Co., 
200 " N. Y. & Harlem R.R. Co., . 
661 " N. Y. Cent. & Hud. R. R.R. Co., 
154 " Norfolk & Western R'y Co., 
150 " Oswego & Syracuse R.R. Co., 
1,753 " Pennsylvania R.R. Co., 
100 " Peoria & Bureau Valley R.R., 
200 " Pitts., Ft. Wayne & Chic. R.R., 

27 " St. Jos., So. Bend & South. R.R , 
100 " St. Jos., So. B'd & South. R.R. Co. 

80 " Southern R'y Co., . 
150 " Union Pacific R.R. Co., 
250 " JEtrm National Bank, . 
581 " Charter Oak National Bank, 

25 " Citizens' Cent. Nat'l Bank, N. Y. 

46 " City Bank, Hartford, . 

100 " Far. & Mech. Nat'l Bank, Hart., 
509 " Hartford Nat'l Bank, Hartford, 
360 " Nat'l Exchange Bank, Hartford, 

75 " Nat'l Bank of the Repub., Boston, 
450 " Phoenix National Bank, Hartford, 
100 " St. Paul Natl B'k, St. Paul, Minn., 

25 " Second Nat'l Bank, New Haven, 
809 " Commercial Union Tel. Co., 
146 " Gold & Stock Tel. Co., 
210 " Hart. Gas Securities Co., Hart., 
600 " Illinois & Miss Telegraph Co., 
500 " Northwestern Tel. Co., 



00 
00 
00 
00 
00 



00 
00 
00 
84 



Book Value. 

$10,400 00 

12.240 00 
153,250 00 

20,000 00 
61,625 00 
50,000 00 
10,200 00 
19,800 00 
44,325 
25,000 

4,000 

12,600 

28,000 

28,297 50 

900 00 

6,000 

4,500 
46,375 
18,363 
23,600 00 
41,800 00 
22,318 45 

1,496 00 

18,000 00 

186,115 00 

28,000 

63,250 

4,208 

14,825 

100,350 46 

16,500 00 

32,000 00 

1,500 00 

1,613 00 

7,200 00 

35,000 00 

56,085 50 

3,125 00 

4,690 00 

11,000 00 

70,242 00 

21,900 00 

10,125 00 

54,060 00 

7,200 00 

4,250 00 

24,775 63 

17.241 50 
8,430 00 

22,725 00 
27,500 00 



00 
00 
70 
00 



Market Value. 

$10,400 00 
12,000 00 
153,750 00 
20,000 00 
59,000 00 
52,000 00 
10,000 00 
21,200 00 
44,550 00 
26,250 00 

4,000 00 
12,000 00 
28,000 00 
27,500 00 

4,500 00 
11,000 00 

5,750 00 
43,000 00 
38,550 00 
29,200 00 
50,000 00 
35,700 00 

1,700 00 
19,000 00 
221,325 00 
40,000 
89,235 
13,090 
16,875 
116,574 
20,000 00 
36,800 00 

2,700 00 

4,000 00 

7,520 00 
14,100 00 
50,000 00 
69,720 00 

4,125 00 

4,140 00 
12,000 00 
70,242 00 
22,500 00 
11,250 00 
54,000 
10,500 

4,750 
24,270 
17,520 
10,500 00 
23,400 00 
31,250 00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



$4,532,582 13 $4,805,496 00 



NATIONAL UNION FIRE INSURANCE CO. 287 



"NATIONAL UNION FIRE INSURANCE COMPANY OF 
PITTSBURG, PA.," PITTSBURG, PA. 

[Incorporated Feb. 14, 1901. Commenced business March 1, 1901.] 

Paid-up Capital, $750,000. 

JAMES H. WILLOCK, President. E. E. COLE, Secretary. 

Home Office, 401 Wood Street. 

Income. 

Net fire premiums, $951,861 22 

Interest on mortgage loans, $14,653.87; collaterals, f 2,500 ; 

stocks and bonds, $53,546.49; all other, f 2,393. 17, . . 73,093 53 

Rents, 27 89 

Profit on sale or maturity of ledger assets, .... 5,458 75 

From all other sources, 656 38 



Total income, $1,031,097 77 

Ledger assets, Dec. 31, 1903, 1,625,838 39 

Total, $2,656,936 16 

Disbursements. 

Net amount paid for fire losses, $489,925 76 

Commissions or brokerage, 216,815 83 

Salaries, fees, etc., of officers and employees, .... 67,784 81 

Rents, 6,300 00 

Taxes and fees, 38,132 66 

All other disbursements, 48,915 35 

Total disbursements, $867,874 41 

Balance, $1,789,061 75 

Ledger Assets. 

Real estate, $1,172.41; mortgages, $297,272, . . . . $298,444 41 

Loans secured by collateral (100 shr's Sec. N'l B„ Pitts., Pa.), 50,000 00 

Stocks and bonds (Schedule A), 1,227,987 50 

Cash in banks and office, 57,827 30 

Agents' balances, 151,687 89 

Bills receivable, not matured, 235 20 

All other ledger assets, 2,879 45 

Total ledger assets, $1,789,061 75 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $4,418.75; stocks and bonds, $1,250, . . 5,668 75 

Market value of stocks and bonds over book value, . . 27,302 50 

Gross assets, $1,822,033 00 



288 



NATIONAL UNION FIRE INSURANCE CO. 



Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, .... 



$248 92 



. $1,821,784 08 



Liabilities. 

Unpaid losses, including $4,587.56 resisted, $102,325.48 ; less 

reinsurance, $20,688.67, $81,636 81 

Unearned, premiums on outstanding risks, $684,548.85 ; plus 

same on disallowed reinsurance, $19,512.05, . . . 704,060 90 

All liabilities, except capital and surplus, . . . $785,697 71 
Surplus to policy holders, .... $1,036,086 37 

Paid-up capital, 750,000 00 

Surplus over capital and general liabilities, .... 286,086 37 

Total liabilities, $1,821,784 08 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $73,743,173 00 
. 105,364,210 00 

$179,107,383 00 
. 64,178,538 00 

$114,928,845 00 
. 15,141,099 00 



Premiums. 

$932,934 47 
1,341,011 32 

$2,273,945 79 
853,454 07 

$1,420,491 72 
192,928 39 



. $99,787,746 00 $1,227,563 33 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



},386,092 00 
948,354 00 
526,774 00 
303,000 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Pennsylvania Water Co. bonds, 

Union Gas Co. bonds, .... 

West Braddock Bridge Co. bonds, . 

Sharon Steel Co. bonds, .... 

Standard Sanitary Mfg. Co. bonds, . 

Latrobe Water Co. bonds, 

Pittsburg & Buffalo Co. bonds, 

Connecticut R'y & Lighting Co. bonds, . 

St. Joseph Water Co. bonds, 

Pgh., Bessemer & L. E. R.R. bonds, 

City of Philadelphia bonds, 

Central of Georgia R'y (Chatt. Div.) bonds, 

Mass. Met. Water Co. bonds, . 

Beaver Valley Water Co. bonds, 



Book Value. 

$55,000 00 
21,000 00 
23,000 00 
23,000 00 
50,000 00 
30,000 00 
20,000 00 
20,000 00 
50,000 00 
23,000 00 
10,500 00 
18,300 00 
86,000 00 
20,000 00 



Market Value. 

$55,000 00 
•21,000 00 
24,150 00 
23,000 00 
50,000 00 
30,000 00 
20,000 00 
20,000 00 
50,000 00 
23,000 00 
10,200 00 
19,000 00 
84,000 00 
20,000 00 



NEWARK FIRE INSURANCE CO. 



289 



Western Union Tel. Co. bonds, 
Met St. R'y Co. bonds, 
Norfolk & Western R R. bonds, 
Atchison, Topeka & Santa F6 R.R. bonds, 
Racine Water Co. bonds, . 
New York City certificates, 
Monongahela Riv., C, C. & C. Co. bonds 
Pittsburg Brewing Co. bonds, . 
Jefferson County, Ind., bonds, . 
State of Delaware bonds, . 
Donnelly & Nicola bonds, 
Union Switch and Signal Co. bonds, 
McConway & Torley Co. bonds, 
Pgh. Lamp, Brass and G. Co. bonds, 
Lake Shore & Mich. Southern R.R. bonds 
State of Georgia bonds, . 
State of Georgia bonds, . 
State of Georgia bonds, . 
City of Portland, Ore , bonds, 
City of Portland, Ore., bonds, 
United States government bonds, . 
Electrical Securities Corporation bonds, 
25 shares Second National Bank, 



25 

1,800 

84 

200 

200 

200 



Farmers' Dep. Nat'l Bank, 
Pennsylvania R.R. Co., 
Pgh & L. E. R.R. Co., . 
Illinois Central R.R. Co., « 
Western Union Tel. Co., 
B. & O. R.R. Co., . 



Book Value. 

$25,000 00 
24,500 00 
25,000 00 
24,500 00 
20,000 00 
52,500 00 
27,500 00 
27,500 00 
25,000 00 
19,375 00 

100,000 00 

20,000 00 

30,000 00 

25,000 00 

14,850 00 

1,057 

1,115 

1,050 

28,375 

29,000 00 

7,385 00 

25,000 00 

17,500 00 

22,900 00 

108,000 00 
14,280 00 
26,000 00 
17,600 00 
18,200 00 



50 
00 
00 
00 



Market Value. 

$26,000 00 
23,250 00 
25,000 00 
25,000 00 
20,000 00 
51,000 00 
27,500 00 
27,500 00 
25,000 00 
19,000 00 

100,000 00 

20,000 00 

30,000 00 

25,000 00 

15,000 00 

1,050 00 

1,110 00 

1,C50 00 

28,250 00 

29,000 00 

7,280 00 

25,000 00 

18,750 00 

30,000 00 

124,200 00 
12,600 00 
31,000 00 
18,400 00 
19,000 00 



$1,227,987 50 $1,255,290 00 



"NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated May 14, 1810. Commenced business May 14, 1810.] 

Paid-up Capital, $250,000. 

JOHN J. HENRY, President. CHARLES M. HENRY, Secretary. 

Home Office^ 741 Broad Street. 

Income. 

Net fire premiums, $193,600 40 

Interest on mortgage loans, $8,940.97; stocks and bonds, 

$15,261.47, 24,202 44 

Rents, 1,845 93 

Total income, $219,648 77 

Ledger assets, Dec. 31, 1903, 542,909 24 

Total $762,558 01 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 



$77,332 44 

24,822 75 

41,571 73 

27,469 26 

48 00 

329 17 



290 NEWARK FIRE INSURANCE CO. 

Real estate taxes, $2,924.39 ; other taxes and fees, $6,255.40, $9,179 79 

Premiums on stocks, 1,250 00 

All other disbursements, 13,460 47 



Total disbursements, $195,463 61 



Balance, $567,094 40 

Ledger Assets. 

Real estate, f 44, 100; mortgages, $168,205, .... $212,30500 

Stocks and bonds (Schedule A), 281,550 00 

Cash in banks and office, 49,730 64 

Agents' balances, 23,508 76 



Total ledger assets, $567,094 40 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $2,531.30 ; stocks and bonds, $3,856.98,. . 6,388 28 

Rents due on company's property, 406 00 

Market value of real estate over book value, .... 43,000 00 

Market value of stocks and bonds over book value, . . 103,347 50 



Gross assets, $720,236 18 

Assets not admitted. 
Agents' balances over three months due, .... 1,283 08 



Total admitted assets, $718,953 10 

Liabilities. 

Unpaid losses, including $1,780.88 resisted, $17,968.03 ; less 

reinsurance, $195.94, $17,772 09 

Unearned premiums on outstanding risks, .... 150,299 31 

Dividends due stockholders, 7,203 50 

Salaries and other miscellaneous expenses, due or accrued, . 2,765 25 



All liabilities, except capital and surplus, . . . $178,040 15 
Surplus to policy holders, .... $540,912 95 

Paid-up capital 250,000 00 

Surplus over capital and general liabilities, .... 290,912 95 

Total liabilities, $718,953 10 

Risks and Premiums. 

Premiums. 

$34,257,534 00 $286,679 65 

25,293,079 00 235,276 63 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



$59,550,613 00 $521,956 28 
. 22,790,378 00 205,444 06 



$36,760,235 00 $316,512 22 
. 3,540,421 00 23,998 80 



Net amount in force, .... $33,219,814 00 $292,513 42 



NEW HAMPSHIRE FIRE INSURANCE CO. 



291 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$5,940,293 

3,068,200 

86,634 

990,577 

25,000 



00 
00 
00 
00 
00 



35,310 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, .... 
United States bonds, .... 
Essex Passenger R'y Co. bonds, 
Hoboken land and improvement bonds, 
West Shore R.R. bonds, . 
West Shore R.R. bonds, . 
Newark Gas Co bonds, 
Newark Consolidated Gas bonds, 
Essex County Park bonds, 
City of Newark water bonds, . 
City of Elizabeth bonds, . 
Hudson County Gas Co. bonds, 
Newark Passenger R'y Co. bonds, . 
400 shares Morris & Essex R.R. Co., 
318 " National State Bank, Newark, 
413 " National Newark Banking Co., 



Book Value. 

$30,000 00 
8,000 00 
5,000 00 
25,000 00 
20,000 00 
28,000 00 
10,000 00 
15,000 00 
35,000 00 
4,000 00 
15,000 00 
20,000 00 
10,000 00 
20,000 00 
15,900 00 
20,650 00 



Market Value. 

$31,800 00 
8,480 00 
5,050 00 
25,750 00 
21,600 00 
30,800 00 
13,500 00 
16,350 00 
37,100 00 
4,240 00 
15,000 00 
21,400 00 
11,400 00 
87,000 00 
34,185 00 
71,242 50 



$281,550 00 $384,897 50 



"NEW HAMPSHIRE FIRE INSURANCE COMPANY," 
MANCHESTER, N. H. 

[Incorporated 1869. Commenced business April, 1870.] 

Paid-up Capital, $1,000,000. 

UBERTO C. CROSBY, President. FRANK W. SARGEANT, Secretary. 

Home Office, 876 Elm Street. 



Income. 

Net fire premiums, 

Interest on mortgage loans, $20,741 . 32 ; collaterals, $2,824 . 65 
stocks and bonds, $120,574.91 ; all other, $6,097.70, . 

Rents, 

Profit on sale or maturity of ledger assets, 

From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



$1,782,481 40 

150,238 58 

22,083 62 

3,659 50 

1,117 92 

$1,959,581 02 

. 3,230,550 28 

$5,190,131 30 



Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, 
Commissions or brokerage, 



,289,319 91 
100,000 00 
433,788 37 



292 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Salaries, fees, etc., of officers and employees, .... $78,395 16 

Rents, 4,616 34 

Repairs and expenses on real estate, 10,021 35 

Real estate taxes, $3, 1 13 . 55 ; other taxes and fees, $46,650 . 30, 49,763 85 

Loss on sale or maturity of ledger assets, .... 7,639 93 

All other disbursements, 107,642 29 

Total disbursements, $2,081,187 20 

Balance, . . $3,108,944 10 



Ledger Assets. 

Real estate, $171,960.79 ; mortgages, $406,300, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents 1 balances, 



Total ledger assets, 



$578,260 79 
25,000 00 

2,110,968 85 
212,650 83 
182,063 63 

$3,108,944 10 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $5,668 ; stocks and bonds, $10,302.09; other 

assets, $472.22, 16,44231 

Market value of real estate over book value, .... 25,239 21 

Market value of stocks and bonds over book value, . . 754,042 15 

Reinsurance due on losses paid, 7,075 57 

Gross assets, $3,911,743 34 

Liabilities. 

Unpaid losses, including $18,414 resisted, $244,600.75; less 

reinsurance, $45,068.33 $199,532 42 

Unearned premiums on outstanding risks, $1,478,071.01; plus 

same on disallowed reinsurance, $1,827.59,. . . . 1,479,898 60 

Due for return premiums, $22,688. 18; reinsurance, $11,766. 24, 34,454 42 

All liabilities, except capital and surplus, . . . $1,713,885 44 
Surplus to policy holders, .... $2,197,857 90 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,197,857 90 

Total liabilities, $3,911,743 34 



RrsKS and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$243,209,415 00 
. 170,421,052 00 

$413,630,467 00 
. 156,230,672 00 

$257,399,795 00 
. 17,961,873 00 



Premiums. 

$2,981,379 18 
2,133,102 74 

$5,114,481 92 
2,027,023 57 

$3,087,458 35 
208,017 73 



$239,437,922 00 $2,879,440 62 






NEW HAMPSHIRE FIRE INSURANCE CO. 



293 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organisation of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent), 
Company's stock owned by directors, .... 



$24,586,786 

13,721,008 

1,258,672 

1,671,858 

100,000 

228,600 



00 
00 
00 
00 
00 
00 



Schedule A. 

Securities held as Collateral. 



426 shares Exeter Mfg. Co., 
Exeter Mfg. Co. bonds, . 



Market Value. 

121,300 00 
25,000 00 



Loaned Thereon. 

|25,000 00 



Schedule B. 



$46,300 00 $25,000 00 



Slocks and Bonds owned by the Company. 



United States government bonds, . 

City of Cleveland, Ohio, bonds, 

City of Columbus, Ohio, bonds, 

City of East Portland, Ore., bonds, . 

City of Seattle, Wash , bonds, . 

State of Georgia bonds, . 

Central R.R Co. of New Jersey bonds, 

VVatertown & Rome R.R. bonds, 

N. Y. & New England R.R. bonds, . 

N. Y. & New England R.R. bonds, . 

Boston, Concord & Montreal R.R. bonds, 

Concord & Montreal R.R. bonds, 

Concord & Montreal R.R. bonds, 

Fitchburg R.R. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Grand Rapids, Belding & Saginaw R.R. bonds 

Chicago, Burlington & Quincy R.R. bonds, 

Chic, Burl. & Q. R.R. (Illinois Div.) bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Union Pacific R.R. bonds, .... 

Missouri Pacific R'y Co. bonds, 

Northern Pac. R.R. (St. P'l & Dul. Div.) b'ds 

Oregon Short Line R.R. bonds, 

Oregon Short Line R.R bonds, 

Montana Central R.R. bonds, . 

Lehigh Valley Terminal R'y Co. bonds, . 

St. L., I. Mt & S. R.R. Co. (R. & G.Div.) b'ds 

Utah & Northern R.R. bonds, . 

Cin., Richmond & Muncie R.R. bonds, 

Northern Pacific-Great Northern bonds, . 

Toledo, St. Louis & Western R.R. bonds, 

Omaha Street R.R Co. bonds, . 

Manchester Traction, Lt. & Power Co. bonds 

Hillsborough County, N. H., bonds, 

Adams Express Co bonds, 

Central Loan & Land Co. bonds, 

National Loan & Trust Co. bonds, . 



Book Value. 

$25,000 00 
50,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
50,000 00 

140,000 00 
25,000 00 
40,000 00 
46,100 00 
8,000 00 
23,758 00 
20,000 00 
25,000 00 
9,900 00 
10,000 00 
24,968 75 
20,000 00 
25,000 00 
24,250 00 
25,000 00 
18,300 00 
12,000 00 
25,000 00 
85,000 00 
22,437 50 
25,000 00 
75,000 00 
15,000 00 
19,881 00 
3,100 00 
1,475 00 



Market Value. 

$26,250 00 
50,500 00 
10,700 00 
30,000 00 
10,500 00 
11,200 00 
32,250 00 
10,800 00 
10,000 00 
10,000 00 
56,500 00 

147,000 00 
25,000 00 
41,600 00 
50,000 00 
8,960 00 
25,000 00 
38,400 00 
24,250 00 
10,500 00 
12,000 00 
25,000 00 
25,200 00 
30,000 00 
29,500 00 
28,250 00 
19,000 00 
13,200 00 
26,500 00 

166,600 00 
22,500 00 
26,500 00 
80,250 00 
15,000 00 
25,500 00 
3,100 00 
1,475 00 



294 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Grand Forks Gas & Electric Co. bonds, . 

Swift & Co., Chicago, bonds, . 

American Telephone & Telegraph Co. bonds, 

Western Telephone & Telegraph Co. bonds, 

Western Union Telegraph Co. bonds, 

Great Northern Paper Co. bonds, 

Suncook Valley R.R. stock, 

Pennsylvania R.R stock, . 

N. Y. Central & Hudson River R.R. stock 

N. Y., N. H. & Hartford R.R. stock, 

Norwich & Worcester R.R. stock, . 

Pemigewasset Valley R.R. stock, 

Boston & Albany R.R. stock, . 

Boston & Maine R R stock, 

Boston & Maine Railroad stock, 

Concord & Montreal R.R. stock, 

Concord & Montreal R.R. stock, 

Concord & Montreal R.R. stock, 

Delaware & Hudson Canal Co. stock, 

Maine Central R.R. stock, 

Northern R R., N. H., stock, 

Fitchburg R.R. stock, 

Pitts , Ft. Wayne & Chicago R.R. stock, 

Illinois Central R.R. stock, 

Baltimore & Ohio R.R stock, . 

Chicago, Rock Island & Pacific R.R. stock, 

Chic. June. R'ys & Union Stock Y'ds Co. stock 

Chicago & Northwestern R.R. stock, 

Chicago, Milwaukee & St. Paul R.R. stock, 

Chicago, Milwaukee & St. Paul R.R. stock, 

Chicago Great Western R'y Co. stock, 

Merch. Nat'l Bank, Manchester, N. H., stock, 

Pemigewasset N'l B% Plymouth, N. H., st'k, 

First Nat'l Bank, Peterborough, N. H., stock, 

First National Bank, Concord, N. H., stock, 

Laconia National Bank, Laconia, N. H., stock, 

Lancaster Nat'l Bank, Lancaster, N. H., stock, 

Lancaster Trust Co., Lancaster, N. H., stock, 

Exeter Banking Co., Exeter, N. H., stock, 

Amoskeag Mfg. Co., Manchester, N. H., stock 

Amory Mfg. Co. stock, .... 

Manchester Mills, Manchester, N. H., stock, 

Manchester Mills, Manchester, N. H., stock, 

Pullman Palace Car Co. stock, . 

Manchester, N. H., Gas Light Co. stock, 

American Express Co. stock, . 

Adams Express Co. stock, 

American Tel. & Telegraph Co. stock, 

Underwriters 1 Salvage Co of N. Y. stock 

American Sugar Refinery Co. stock, 

Massachusetts Gas Co. stock, . 

Western Union Telegraph Co. stock, 

Nashua Card, Gum. and Coated Pap. Co. st'k, 



00 
00 
00 
60 
00 
00 



Book Value. 

$4,900 00 

25,000 00 

54,600 00 

16,000 00 

25,000 00 

49,750 00 

4,000 00 

100,000 00 

70,000 00 

44,000 00 

5,000 00 

26,000 00 

20,000 00 

20,000 00 

10,000 00 

15,000 00 

2,500 00 

20,000 00 

36,000 00 

10,000 00 

13,000 

9,200 

20,000 

79,973 

8,650 

3,300 

20,000 00 

46,000 00 

20,000 00 

9,175 00 

23,125 00 

13,000 00 

6,000 00 

5,000 00 

8,000 00 

2,400 00 

5,000 00 

2,500 00 

1,000 00 

10,000 00 

6,800 00 

10,000 00 

30,000 00 

30,000 00 

2,100 00 

20,000 00 

5,000 00 

68,000 00 

400 00 

30,000 00 

23,300 00 

8,125 00 

10,000 00 



00 
00 
00 
00 
00 



Market Value. 

$5,000 00 

25,500 00 

53,350 00 

16,000 00 

27,000 

50,000 

4,600 

137,000 

100,800 

87,120 00 

11,000 00 

33,800 00 

50,600 00 

34,400 00 

17,300 00 

27,600 00 

4,600 00 

36,800 

67,320 

17,000 

22,100 

14,000 

37,000 

123,200 

9,500 

4,620 

25,000 

94,300 

36,400 00 

20,280 00 

21,750 00 

16,250 00 

12,000 00 

6,500 00 

26,000 00 

2,448 00 

6,250 00 

2,500 00 

1,100 00 

19,500 00 

8,228 00 

6,600 00 

30,000 00 

69,900 00 

13,650 00 

41,800 00 

23,400 00 

99,960 00 

400 00 

41,400 00 

24,000 00 

9,200 00 

10,000 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$2,110,968 85 $2,865,011 00 



NEW YORK FIRE INSURANCE CO. 295 



"NEW YORK FIRE INSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.] 

Paid-up Capital, $200,000. 

CHAS. A. HULL, President. AUGUSTUS COLSON, Secretary. 

Home Office, 72 Wall Street. 

Income. 

Net fire premiums, f 430,339 11 

Interest on stocks and bonds, $8,687.50 ; all other, $4,132.66, 12,820 16 
Rents, 1,776 00 



Total income, f 444,935 27 

Ledger assets, Dec. 31, 1903, " 422,778 09 



Total, $867,713 36 



Disbursements. 

Net amount paid for fire losses, $228,933 50 

Interest and dividends to stockholders, 14,000 00 

Commissions or brokerage, 102,798 88 

Salaries, fees, etc., of officers and employees, .... 37,061 16 

Repairs and expenses on real estate, 477 85 

Real estate taxes, $1,406.27 ; other taxes and fees, $7,736.31, 9,142 58 

Loss on sale or maturity of ledger assets, .... 2,891 88 

All other disbursements, 21,408 82 



Total disbursements, $416,714 67 



Balance, $450,998 69 



Ledger Assets 



Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 



$100,000 00 

271,000 00 

40,288 87 

39,709 82 



Total ledger assets, $450,998 69 



Non-Ledger Assets. 

Market value of real estate over book value, .... 20,000 00 
Market value of stocks and bonds over book value, . . 64,862 50 



Gross assets, $535,861 19 



29(> 



NEW YORK FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $2,635 resisted, $25,863.51 ; less re- 
insurance, $2,481.70, $23,38181 

Unearned premiums on outstanding risks, $245,461 ; plus 

same on disallowed reinsurance, $3,229.03, . . . . 248,690 03 

Salaries and other miscellaneous expenses, due or accrued, . 1,454 06 

All liabilities, except capital and surplus, . . . $273,525 90 
Surplus to policy holders, .... $262,335 29 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 62,335 29 

Total liabilities, $535,861 19 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . . $32,156,086 00 $386,869 61 



Fire risks written during 1904, 



Total,*. . 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



46,038,067 00 552,700 58 



$78,194,153 00 $939,570 19 
36,305,377 00 448,972 42 



$41,888,776 00 $490,597 77 
2,487,196 00 26,737 13 



. $39,401,580 00 $463,860 64 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), . 
Company's stock owned by directors, . 



$7,483,625 00 

3,610.885 00 

231,585 00 

1,552,000 00 

14,000 00 

94,100 00 



Schedule A. 



Stocks and Bonds owned by the Company. 

Book Value. Market Vaiue. 

$200,000 00 $209,500 00 

3,500 00 6,282 50 

20,000 00 27,600 00 

6,500 00 15,080 00 

1,000 00 1,000 00 

10,000 00 14,300 00 

15,000 00 29,700 00 

5,000 00 16,750 00 

10,000 00 15,650 00 



United States bonds, . 
Consolidated Gas bonds, . 
Pennsylvania R.R. Co. stock, . 
National Bank of Commerce stock, 
Underwriters' Salvage Co. stock, 
N. Y. C. & H. R. R.R. stock, . 
Consolidated Gas Co. stock, 
Franklin Trust Co. stock, . 
Illinois Central Railroad stock, 



$271,000 00 $335,862 50 



NIAGARA FIRE INSURANCE CO. 297 



" NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated July, 1850. Commenced business August, 1850.] 

Paid-up Capital, $500,000. 

HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary. 

Home Office, 46 Cedar Street. 

Income. 

Net fire premiums $2,652,911 66 

Interest on mortgage loans, $15,435.41; stocks and bonds, 

$106,491.07; all other, $ 7,065. 38, 128,99186 

Profit on sale or maturity of ledger assets, . . . . 591,861 91 
Discounts, 3,995 71 

Total income, $3,377,761 14 

Ledger assets, Dec. 31, 1903, 3,371,19133 

Total, $6,748,952 47 

Disbursements. 

Net amount paid for fire losses, $1,472,624 15 

Interest and dividends to stockholders, 100,020 00 

Commissions or brokerage, 540,662 99 

Salaries, fees, etc., of officers and employees, .... 216,541 77 

Rents, 24,228 41 

Taxes and fees, 79,437 77 

All other disbursements, 159,021 08 

Total disbursements, $2,592,536 17 

Balance $4,156,416 30 

Ledger Assets. 

Mortgages, $464,000 00 

Stocks and bonds (Schedule A), 2,848,786 80 

Cash in banks and office, 493,596 51 

Agents' balances, 350,032 99 

Total ledger assets, . . # $4,156,416 30 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $5,329. 21 ; stocks and bonds, $15,140.08 ; other 

assets, $2,439.18 22,908 47 

Market value of stocks and bonds over book value, . . 143,683 20 

Gross assets,* $4,323,007 97 

* Including $250,000 special reserve held under New York law. 



298 



NIAGARA FIRE INSURANCE CO. 



Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $48,828.76 liab. thereon, . 
Total unadmitted assets, . 



Total admitted assets, 



$3,283 04 
59,421 24 



|62,704 28 
$4,260,303 69 



Liabilities. 

Unpaid losses, including $35,100 resisted, $243,298.87 ; less 
reinsurance, $21,004.51, $222,294 36 

Unearned premiums on outstanding risks, $2,090,448.86 ; plus 

same on disallowed reinsurance, $6,012.53, . . . . 2,096,461 39 

All liabilities, except capital and surplus, . . . $2,318,755 75 
Surplus to policy holders, .... $1,941,547 94 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 1,441,547 94 

Total liabilities, $4,260,303 69 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$386,249,795 00 
. 294,775,357 00 

$681,025,152 00 
. 270,795,508 00 

$410,229,644 00 
. 45,597,285 00 



Premiums. 

$4,213,193 50 

3,511,268 58 

$7,724,462 08 

3,259,850 61 

$4,464,611 47 

467.740 15 



$364,632,359 00 $3,996,871 32 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 



$53,880,765 00 

29,593,045 00 

1,478,465 00 

2,954,000 00 

100,000 00 

176,850 00 



Schedule A. 
Slocks and Bonds owned by the Company. 



United States bonds, .... 

New Mexico Provisional Indebtedness bonds, 

N. Y. City school house bonds, 

New York City water bonds, . 

New York City water bonds, . 

New York City additional water bonds, 

New York City Corporation bonds, . 

New York City Corporate bonds, 

New York City Corporate bonds, 

New York City Corporate bonds, 



Book Value. 

$40,250 00 
11,275 00 

200,000 00 
10,000 00 
50,000 00 

100,500 00 
26,950 00 
53,437 50 
30,157 11 
25,689 39 



Market Value. 

$35,000 00 
10,000 00 

194,000 00 
9,900 00 
48,500 00 
98,000 00 
25,500 00 
50,500 00 
27,540 00 
23,460 00 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 299 



Wabash R'y Co. bonds, .... 

Northern Pacific R'y Co. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Denver & Rio Grande R.R. Co. bonds, 

Union Pacific R.R. Co. bonds, . 

Baltimore & Ohio R'y Co. bonds, 

Baltimore & Ohio R'y Co. bonds, 

Norfolk & Western R'y Co. bonds, . 

Central Pacific R.R. Co. bonds, 

N. Pac, Gt. North. R.R. (C, B. & Q.) bonds, 

Third Avenue R.R. Co bonds, . 

Lake (111.) Gas Co* bonds, . 

Lehigh & Wilkesbarre Coal Co. bonds, . 

Lehigh Coal & Navigation Co bonds, 

N. Y. Gas & Elec. L't, H't & Power Co. bonds 

Hackensack Water Co. bonds, . 

Norfolk & \V. Pocahontas bonds, 

Chateaugay Ore & [ron Co. bonds, . 

City of Portland, Ore., water loan bonds, 

Port of Portland, Ore., bonds, . 

Kansas City, Ft. Scott & Memphis R'y bonds, 

U. S. Steel Corporation bonds, . 

Imperial Japanese government bonds, 

3u0 shares N. Y., Lack. & Western R'y, 
1,000 ■ 

600 ' 

100 ' 

100 

200 ' 

400 ' 

350 
1,000 ' 

500 ' 
1,200 

500 ■ 
1,500 ■ 
1,500 ' 

500 ' 
1,000 ' 



Bank, 



Chic, Mil. & St. Paul, 
Union Pacific R.R , 
Pitts., Ft. Wayne & Chicago, 
Rensselaer & Saratoga R.R., 
Cleveland & Pittsburg R.R., 
Morris & Essex R.R., . 
American Ex. National 
Consolidated Gas Co., . 
Missouri Pacific R'y, . 
Chic, Mil. & St. Paul, . 
Northern Securities Co., 
Chicago & Northwestern R.R., 
Atch., Topeka & Santa Fe R.R., 
Central R.R of N. J., . 
Southern Pacific Co., . 



Book Value. 


Market Value. 


$29,781 25 


$27,500 00 


25,980 00 


25,000 00 


47,357 50 


50,000 00 


14,278 75 


15,000 00 


40,467 50 


40,000 00 


24,156 25 


25,000 00 


24,187 50 


24,000 00 


25,750 00 


25,000 00 


49,875 00 


50,000 00 


49,187 50 


50,000 00 


50,750 00 


50,000 00 


20,300 00 


20,000 00 


30,500 00 


20,000 00 


25,562 50 


25,000 00 


48,837 50 


48,000 00 


48,875 00 


47,500 00 


47,312 50 


48,500 00 


9,000 00 


8,820 00 


12,100 00 


11,000 00 


48,000 00 


44,000 00 


60,095 13 


66,750 00 


38,719 87 


45,000 00 


45,737 84 


45,000 00 


34,682 50 


39,300 00 


171,762 50 


184,000 00 


46,509 17 


58,200 00 


18,886 25 


18,300 00 


10,700 00 


20,600 00 


18,837 50 


18,400 00 


37,200 00 


37,000 00 


42,000 00 


91,000 00 


209,280 12 


197,000 00 


56,562 50 


53,500 00 


173,745 00 


205,200 00 


53,200 00 


66,000 00 


265,491 67 


309,000 00 


149,173 61 


151,500 00 


81,562 50 


95,000 00 


115,122 89 


115,000 00 



!,848,786 80 $2,992,470 00 



"THE NORTH BRITISH AND MERCANTILE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated October, 1897. Commenced business October, 1897.] 

Paid-up Capital, $200,000. 

E. G. RICHARDS, President. J. F. HASTINGS, Secretary. 

Home Office, 76 William Street. 

Income. 

Net fire premiums, $169,953 08 

Interest on stocks and bonds, $25,366.22 ; all other, $367.42, 25,733 64 



Total income, $195,686 72 

Ledger assets, Dec. 31, 1903, 696,09131 



Total, . 



$891,778 03 



;>00 THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $54,600 42 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 36,968 68 

Salaries, fees, etc., of officers and employees, .... 4,939 63 

Rents, 1,800 00 

Taxes and fees, 4,135 40 

All other disbursements, 6,101 85 



Total disbursements, $128,545 98 

• 

Balance, $763,232 05 

Ledger Assets. 

Stocks and bonds (Schedule A), $732,369 91 

Cash in banks and office, 10,188 01 

Agents 1 balances, 20,660 38 

All other ledger assets, ........ 13 75 



Total ledger assets $763,232 05 

Non-Ledger Assets. 
Interest due and accrued on stocks and bonds, . . . 3,317 00 

Gross assets, $766,549 05 

Assets not admitted. 

Agents 1 balances over three months due, . $293 49 

Depreciation in book value of stocks and bonds, 10,239 91 

Total unadmitted assets, .... 10,533 40 



Total admitted assets, $756,015 65 

Liabilities. 

Unpaid losses, including $4,250 resisted, $20,514.51 ; less re- 
insurance, $13,195.49, $7,319 02 

Unearned premiums on outstanding risks, $131,298.05 ; plus 

same on disallowed reinsurance, $85.37, .... 131,38342 



All liabilities, except capital and surplus, . . . $138,702 44 
Surplus to policy holders, .... $617,313 21 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 417,313 21 

Total liabilities, $756,015 65 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 



Premiums. 

$35,044,187 00 $261,110 38 
41,121,784 00 305,214 69 



$76,165,971 00 $566,325 07 
32,050,601 00 236,948 53 



$44,115,370 00 $329,376 54 
9,470,802 00 87,049 66 



Net amount in force, $34,644,568 00 $242,326 88 



NORTHERN INSURANCE CO. OF NEW YORK. 



301 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$588,610 00 

192,547 00 

56,112 00 

52,000 00 

20,000 00 

5,500 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Northern Pacific-Great Northern bonds, 

New York State canal bonds, . 

City of Brooklyn bonds, . 

New York City additional water bonds, 

New York City Riverside Park bonds, 

New York City rapid transit bonds, 

N. Y. City (Brooklyn school house) bonds, 

N. Y. City Appell. Div., Supreme Ct. bonds, 

1,000 shares Chicago, Mil. & St. Paul R'y, 



1,000 

1,000 

500 

400 

100 



Reading Co., 

Southern R'y, 

Southern R'y (Mobile & Ohio), 

Hocking Valley R'y, 

Chic. & N. Western R'y, 



Book Value. 

$47,556 25 
51,421 00 
53,114 00 
19,949 85 
30,061 89 
28,419 
26,858 
56,365 

191,251 
44,410 
83,000 00 
45,851 83 
34,247 90 
19,862 03 



48 
00 
00 
94 

74 



Market Value. 

$48,500 00 
50,000 00 
50,000 00 
19,600 00 
28,800 00 
25,500 00 
25,500 00 
53,530 00 

180,000 00 
44,500 00 
92,000 00 
46,500 00 
35,200 00 
22,500 00 



$732,369 91 $722,130 00 



"NORTHERN INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1S97.] 

Paid-up Capital, $350,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 

Home Office, 50 Pine Street. 

Income. 

Net fire premiums, $404,052 18 

Interest on stocks and bonds, 19,809 17 

Rents, 2,649 98 

Profit on sale or maturity of ledger assets, .... 2,389 82 

Total income, $428,901 15 

Ledger assets, Dec. 31, 1903, plus increased capital, $100,000, 754,207 12 

Total, $1,183,108 27 



Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, 
Commissions or brokerage, 



$337,148 02 

6,400 00 

140,576 52 



302 



NORTHERN INSURANCE CO. OF NEW YORK. 



Salaries, fees, etc., of officers and employees, . . . . $125 00 

Rents, 4,000 00 

Repairs and expenses on real estate, 155 59 

Real estate taxes, $1,133.97 ; other taxes and fees, $14,136.08, 15,270 05 

All other disbursements, 1,796 52 

Total disbursements, $505,471 70 

Balance, $677,636 57 



Ledger Assets 



Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 

Total ledger assets, . 



80,000 00 

516,279 70 

17,318 23 

64,038 64 

$677,636 57 



Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, § 1,066.66 ; other assets, f 131.18, 
Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
All other, 

Gross assets, 



1,197 84 

250 00 

30,000 00 

12,090 80 

107 81 

$721,283 02 



Liabilities. 

Unpaid losses, $24,470.73 ; less reinsurance, $2,385.25, . 

Unearned premiums on outstanding risks, 

Dividends due stockholders, ...... 

Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$420,533 80 



$22,085 48 

271,018 39 

15 00 

7,630 35 

$300,749 22 

350,000 00 
70,533 80 

$721,283 02 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

.$37,436,176 00 $422,124 88 
. 50,636,977 00 534,764 82 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$88,073,153 00 $956,889 70 
. 40,813,370 00 421,281 83 



. £47,259,783 00 $535,607 87 
. 2,713,134 00 36.077 15 



. $44,546,649 00 $499,530 72 



THE NORTH GERMAN FIRE INSURANCE CO. 



303 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Company's stock owned by directors, .... 



$1,998,450 00 

1,248,988 00 

343,861 00 

30,750 00 

6,250 00 

127,600 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States government bonds, 

New York City (college and school) bonds, 

New York City (school) bonds, 

Northern Pacific R R. bonds, . 

Oregon Short Line R.R. Co. bonds, . 

Ann Arbor R'y bonds, .... 

Atchison, Topeka & Santa Fe R'y Co. bonds, 

Lake Shore & Mich. Southern R.R. bonds, 

Baltimore & Ohio R'y bonds, . 

Central Pacific R'y Co. bonds, . 

1,766 shares Pennsylvania R.R. Co , 
300 " Consolidated Gas Co. of N. Y., 
300 " Atchison, Top. & Santa Fe R.R., 
300 " Union Pacific R.R. Co., 
100 " Southern R'y Co., 



Book Value. 

$121,872 76 
26,580 15 
26,617 72 
24,718 75 
19,518 

9,512 

9,262 
10,162 

9,150 
10,187 
121,307 81 
61,376 25 
28,950 00 
27,637 50 

9,425 00 



76 
50 
50 
50 
00 
50 



Market Value. 

|131,000 00 
25,250 00 
25,250 00 
25,250 00 
20,800 00 

9,800 00 

9,500 00 
10,150 00 

9,500 00 
10,250 00 
122,295 50 
60,000 00 
30,300 00 
29,325 00 

9,700 00 



|516,279 70 $528,370 50 



"THE NORTH GERMAN FIRE INSURANCE COMPANY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated May 15, 1899. Commenced business June 17, 1S99.] 

Paid-up Capital, $200,000. 

ADOLPH LOEB, President. LOUIS L. LOEB, Secretary. 

Home Office, 2 Liberty Street. 

Income. 

Net fire premiums, $348,672 64 

Interest on mortgage loans, $3,537.44; bonds, $8,650; all 

other, $709.87, 12,897 31 

Investment to surplus account, 60,000 00 

Total income, $421,569 95 

Ledger assets, Dec. 31, 1903 430,352 26 

Total, $851,922 21 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, . 



. $191,869 28 

12,000 00 

116,286 14 



;04 



THE NORTH GERMAN FIRE INSURANCE CO. 



Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, 

All other disbursements, 

Total disbursements, 

Balance, 



$2,433 35 
1,500 00 
7,369 20 
9,336 89 

j 

$340,794 86 
$511,127 35 



Ledger Assets 



Mortgages, ... 
Bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 
Bank certificates of deposits, 

Total ledger assets, . 



$50,000 00 
309,898 13 

20,102 93 
100,526 29 

30,600 00 

$511,127 35 



Interest accrued : - 
On mortgages, $833. 

Gross assets, 



Non-Ledger Assets. 
; bonds, $2,272.48, . 



3,106 36 
$514,233 71 



Assets not admitted. 
Depreciation in book value of bonds, 

Total admitted assets, .... 



11,565 63 

. $502,668 08 



Liabilities. 

Unpaid losses, $38,511.52 ; less reinsurance, $2,473.03, . . $36,038 49 

Unearned premiums on outstanding risks, .... 213,290 53 

All liabilities, except capital and surplus, . . . $249,329 02 
Surplus to policy holders, .... $253,339 06 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 53,339 06 

Total liabilities, $502,668 08 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$22,594,334 00 $358,305 31 
.41,608,139 00 669,663 45 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$64,202,473 00 $1,027,968 76 
. 30,240,274 00 507,576 14 



$33,962,199 00 $520,392 62 
. 6,347,195 00 93,568 47 



$27,615,004 00 $426,824 15 



THE NORTH RIVER INSURANCE CO. 



305 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



Schedule A. 



Bonds owned by the 



Union Pacific R.R. bonds, . 
United States bonds, 
New York City bonds, 
Metropolitan W. S Elevated bonds, 
South Side Elevated R.R. bonds, 
Cleve., Cin., Chicago & St. Louis bonds, 
Metropolitan W. S. Elevated R.R. bonds, 
Wisconsin Central R.R. bonds, 
Atchison, Topeka & Santa Fe bonds, 



Company. 

Book Value. 

$27,156 25 
26,447 79 

221,897 09 
9,784 72 
5,266 25 
5,067 50 
4,888 47 
4,657 56 
4,732 50 



,164,274 

622,439 

211,093 

12,000 

12,000 

198,000 



00 
00 
00 
00 
00 
00 



Market Value. 

$26,500 00 

26,437 50 

210,870 00 

9,900 00 

5,150 

5,075 

4,950 

4,700 

4,750 



00 
00 
00 
00 
00 



$309,898 13 $298,332 50 



"THE NORTH RIVER INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Feb. 6, 1822. Commenced business March 6, 1822.] 

Paid-up Capital, $350,000. 

WM. E. HUTCHINS, President. FREDERICK H. CRUM, Secretary. 

Home Office, 84 William Street. 
Income. 



Net fire premiums, 

Interest on mortgage loans, $5,440.89 ; collaterals, $331.53 
stocks and bonds, $26,322.31 ; all other, $6,067, . 

Rents, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1903, 



$1,043,084 63 

38,161 73 

15,216 09 

162,493 29 

$1,258,955 74 
1,209,814 17 

Total, . $2,468,769 91 

Disbursements. 

Net amount paid for fire losses, $534,094 66 

Interest and dividends to stockholders, 26,776 00 

Commissions or brokerage, 256,955 97 

Salaries, fees, etc., of officers and employees, .... 85,549 87 

Rents, 7,500 00 

Repairs and expenses on real estate, 5,845 98 

Real estate taxes, $6,970.75; other taxes and fees, $11,320.35, 18,291 10 

All other disbursements, 39,438 97 

Total disbursements, $974,452 55 



Balance, $1,494,317 36 



306 



THE NORTH RIVER INSURANCE CO. 



Ledger Assets. 

Real estate, $294,339.36 ; mortgages, $106,900, 

Loans secured by collateral (100 shares U. S. Steel Corp.), 

Stocks and bonds (Schedule A), 

Cash in banks, 

Agents' balances, 

Office premiums, 

Total ledger assets, 



$401,239 36 
7,000 00 
683,579 94 
192,813 19 
102,639 45 
107,045 42 

$1,494,317 36 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,187.71; stocks and bonds, $3,352.35; 

collateral loans, $41.98, 5,582 04 

Rents accrued on company's property, 2,026 54 

Reinsurance due on losses paid, 2,843 04 

All other, 6,478 98 

Gross assets, $1,511,247 96 



Assets not admitted. 

Agents' balances over three months due, . $8,867 32 

Depreciation in book value of stocks and bonds, 20,492 69 

Reinsurance due on losses paid, . . . 705 19 

Total unadmitted assets, .... 



Total admitted assets, 



30,065 20 
$1,481,182 76 



Liabilities. 

Unpaid losses, including $4,252.60 resisted, $83,028.63; less 
reinsurance, $6,751.76, 

Unearned premiums on outstanding risks, $610,082.27 ; plus 
same on disallowed reinsurance, $31,666.89, 

Dividends due stockholders, 

Commissions and other charges due agents and brokers, 

Due for return premiums, $13,087 . 33 ; reinsurance, $ 14,224.62, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



,746 97 



$76,276 87 

641,749 16 

5,191 00 

23,906 81 

27,311 95 

$774,435 79 

350,000 00 
356,746 97 

$1,481,182 76 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $99,995,208 00 
. 146,077,749 00 

$246,072,957 00 
. 109,909,356 00 

$136,163,601 00 
. 28,822,137 00 



Premiums. 

$1,004,753 56 

1,484,231 38 

$2,488,984 94 

1,102,925 45 

$1,386,059 49 

250,623 71 



$107,341,464 00 $1,135,435 78 



NORTHWESTERN NATIONAL INSURANCE CO. 



307 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 



'New York bonds, 

Certs, of indebtedness of Philippine Isl. b'ds, 
Pennsylvania R R. Co. bonds, . 
Missouri Pacific R'y bonds, 
St. Louis, Iron Mt. & Southern R'y bonds, 
800 shares Pennsylvania R.R., . 
100 " St. Louis & San Francisco R.R., 
100 " Baltimore & Ohio R.R. Co., . 
20 " Washington Trust Co., . 



Book Value. 

$418,628 91 

151,980 20 

5,000 00 

16,087 50 

9,208 

58,137 

8,275 

8,262 



33 

50 
00 
50 



8,000 00 



$8,709,577 00 

3,852,948 00 

545,809 00 

2,808,750 00 

28,000 00 

124,100 00 



Market Value. 

$399,026 75 

151,011 00 

5,162 50 

16,350 00 

9,550 00 

55,300 00 

7,800 00 

10,487 00 

8,400 00 



$683,579 94 $663,087 25 



"NORTHWESTERN NATIONAL INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 

Paid-up Capital, $600,000. 

WILFORD M. PATTON, President. JOSEPH HUEBL, Secretary. 

Some Office, 87 Michigan Street. 

Income. 

Net fire premiums, $1,451,621.95 ; marine, $4,132.09, . . $1,455,754 04 
Interest on mortgage loans, $43,293.54; bonds, $89,442.38 ; 

all other, $2,772 135,507 92 

From all other sources, 26 30 

Total income, $1,591,288 26 

Ledger assets, Dec. 31, 1903, 3,612,837 27 

Total $5,204,125 53 

Disbursements. 

Net amount paid for fire losses, $632,329.77 ; marine, $638.93, $632,968 70 

Interest and dividends to stockholders, 90,000 00 

Commissions or brokerage, 438,472 56 

Salaries, fees, etc., of officers and employees, .... 146,944 85 

Rents, 13,764 00 

Taxes and fees, . 55,018 61 

Loss on sale or maturity of ledger assets, .... 339 01 

All other disbursements, 58,943 13 

Total disbursements, $1,436,450 86 

Balance, $3,767,674 67 



308 



NORTHWESTERN NATIONAL INSURANCE CO. 



Ledger Assets. 

Real estate, $119,644.72 ; mortgages, $993,200, 

Bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $7,149.68; bonds, $10,916.62,. 
Market value of bonds over book value, . 



Gross assets, 



$1,112,844 72 

2,315,723 81 

175,791 64 

163,314 50 

13,767,674 67 



18,066 30 
26,376 19 

1,812,117 16 



Liabilities. 

Unpaid losses, including $8,600 resisted, $84,029.86; less 

reinsurance, $4,204.84, $79,825 02 

Unearned premiums on outstanding risks, $1,727,624.93 ; plus 

same on disallowed reinsurance, $1,768.36, . . . . 1,729,393 29 

Conflagration reserve, 250,000 00 

Miscellaneous, 3,475 00 

All liabilities, except capital and surplus, . . . $2,062,693 31 
Surplus to policy holders, .... $1,749,423 85 

Paid-up capital, 600,000 00 

Surplus over capital and general liabilities, .... 1,149,423 85 

Total liabilities $3,812,117 16 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1904, 
Risks expired and terminated, . 



$327,021,475 00 
. 166,665,022 00 

$493,686,497 00 
139,668,761 00 

$354,017,736 00 
. 16,336,707 00 



Premiums. 

$3,199,000 18 
1,676,285 72 

$4,875,285 90 
1,467,219 36 

$3,408,066 54 
156,324 26 



$337,681,029 00 $3,251,742 28 



53,265,100 00 
3,265,100 00 



^9,085 69 
9,085 69 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (15 per cent), 

Company's stock owned by directors, .... 



$22,269,415 00 

10,535,686 00 

647,663 00 

639 00 

1,914,000 00 

174,000 00 

90,000 00 

202,600 00 



ORIENT INSURANCE CO. 



309 



Schedule A. 
Bonds owned by the Company. 



United States bonds, .... 
Chicago, Mil. & St. Paul R'y bonds, 
Chicago & Northwestern R'y bonds, 
Chicago & Alton R'y bonds, i . 
Atchison, Topeka & Santa F6 R'y bonds 
Southern R'y bonds, .... 
Union Pacific R.R. bonds, . 
Union Pacific R.R bonds, 
Northern Pacific R'y bonds, 
Pitts., Cin., Chic. & St. Louis R'y bonds, 
Wisconsin Central R'y bonds, . 
Norfolk & Western Pocahontas bonds, 
Baltimore & Ohio R'y bonds, . 
Baltimore & Ohio R'y bonds, . 
Chicago & Eastern Illinois R.R. bonds, 
Chicago & Western Indiana R.R. bonds, 
Chicago, Burl. & Quincy R.R. bonds, 
Elgin, Joliet & Eastern R'y bonds, . 
Lake Shore & Mich. Southern R'y bonds, 
Chicago, Rock Island & Pacific R'y bonds, 
Chicago Sanitary District bonds, 
Waukesha sewerage bonds, 
Milwaukee city bonds, .... 



Book Value. 

$269,000 00 

216,724 98 

331,237 65 

82,937 50 

89,463 25 

101,263 75 

94,937 50 

45,969 25 

102,750 00 

107,132 70 

90,247 50 

94,073 10 

47,813 18 

50,288 89 

120,262 50 

100,150 41 

46,593 75 

57,234 75 

100,000 00 

48,031 25 

52,526 36 

32,200 00 

34,885 54 



Market Value. 

$260,500 00 

223,500 00 

318,750 00 

81,000 00 

102,500 00 

118,000 00 

104,500 00 

56,500 00 

105,000 00 

102,000 00 

91,000 00 

94,000 00 

51,000 00 

47,500 00 

118,500 00 

98,000 00 

50,000 00 

57,500 00 

100,000 00 

47,500 00 

51,250 00 

30,600 00 

33,000 00 



1,315,723 81 $2,342,100 00 



"ORIENT INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June 28, 1867. Commenced business January, 1872.] 
Paid-up Capital, $500,000. 
A. G. McILWAINE, Jr., President. JAMES WYPER, Secretary. 

Home Office^ 5 Eaynes Street. 



Income. 

Net fire premiums, $1,117,370 68 

Interest on mortgage loans, $1,450.08; stocks and bonds, 

$63,661; all other, $3,093.07, 68,204 15 

Rents, 496 00 

Capital and surplus of Norwalk Fire Insurance Co., . . 51,988 61 



Total income, $1,238,059 44 

Ledger assets, Dec. 31, 1903, 2,171,257 93 



Total, . 



. $3,409,317 37 



Disbursements. 

Net amount paid for fire losses, $729,022.68; marine, 

$1,305. 1H, 

Interest and dividends to stockholders, 



$730,327 86 
50,000 00 



310 



ORIENT INSURANCE CO. 



Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, .... 
Real estate taxes, $142.04 ; other taxes and fees, $26,168.21, 
Loss on sale or maturity of ledger assets, 
All other disbursements, 

Total disbursements, 



Balance, 



$248,659 99 
63,964 58 
4,549 88 
286 12 
26,310 25 
34,611 21 
54,359 76 

$1,213,069 65 

$2,196,247 72 



Ledger Assets 



Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 
Bills receivable, not matured, . 
Special cash deposit, 

Total ledger assets, . 



1,893 57 

1,691,727 41 

184,250 70 

175,092 97 

283 07 

75,000 00 

$2,196,247 72 



Non-Ledger Assets. 

Interest due and accrued : — 
On stocks and bonds, $27,158.31 ; other assets, $422.28, 
Market value of stocks and bonds over book value, 
All other, 



Gross assets, 



27,580 59 

54,463 18 

351 06 

1,278,642 55 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less $38,342.01 liab. thereon, 
Total unadmitted assets, . 



$5,958 72 
71,699 32 



77,658 04 



Total admitted assets, 



. $2,200,984 51 



Liabilities. 

Unpaid losses, including $28,205 resisted, $123,440.07; 

less reinsurance, $7,622.12, . $115,817 95 

Unearned premiums on outstanding risks, $958,754.31 ; plus 

same on disallowed reinsurance, $3,704.70, . . . 962,459 01 

Salaries and other miscellaneous expenses, due or accrued, . 1,407 54 

Due for return premiums, $776.55 ; reinsurance, $2,975.95, . 3,752 50 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



. $1,083,437 00 



,117,547 51 



500,000 00 
617,547 51 



Total liabilities, $2,200,984 51 



ORIENT INSURANCE CO. 



311 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Risks and Premiums. 

Premiums. 

$155,223,241 00 $1,823,699 14 



. 126,512,092 00 1,585,927 68 



$281,735,333 00 $3,409,626 82 
. 110,747,630 00 1,409,126 52 



$170,987,703 00 $2,000,600 30 
. 13,511,925 00 167,037 32 



Net amount in force, 



$157,475,778 00 $1,833,462 98 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 



$26,507,325 00 
16,575,798 00 
701,152 00 
1,540,000 00 
100,000 00 
50,000 00 
5,500 00 



United States government bonds, 

Mass. Met. water loan bonds, . 

State of Connecticut bonds, 

State of Georgia funding bonds, 

Alexandria, Ind., water works bonds, 

City of Fayetteville, N. C, bonds, 

City of Middletown, Conn., bonds, 

City of New Britain, Conn., bonds, 

City of New Haven, Conn., bonds, 

City of New London, Conn., school bonds, 

City of Norfolk, Va., bonds, 

City of Portland, Ore., bonds, . 

City of Richmond, Va , bonds, . 

City of Rochester, N Y., bonds, 

City of Schenectady, N. Y., bonds, 

City of South Norwalk, Conn., bonds, 

City of Sioux Falls, Dak., bonds, 

City of Stamford, Conn., bonds, 

City of Waterbury, Conn., bonds, 

City of Watertown, N. Y., bonds, 

City of Willimantic, Conn., bonds, 

City of Yonkers, N. Y., bonds, . 

County of Finney, Kan., bonds, 

County of Glynn , Ga., bonds, . 

County of Pierce, Wash., bonds, 

County of Wichita, Kan., bonds, 

Bethany t'ns'p, Osborne County, Kan., bonds, 

Precinct of Beaver, Neb., bonds, 

Precinct of Stanton, Neb., bonds, 

Atchison, Topeka & Santa Fe R.R. Co. bonds, 

Atlantic Coast Line R.R. Co. bonds, 

Central of Georgia R.R. Co. bonds, . 

Central R.R. of New Jersey bonds, . 



Book Value. 

$13,537 50 
224,000 00 

5,020 00 
26,750 00 

9,187 20 
10,000 00 
12,000 00 
27,375 00 
10,268 00 

5,332 00 
20,700 00 
57,500 00 
33,035 45 
25,250 00 
23,330 60 
26,903 00 
13,780 00 
27,100 00 

5,000 00 

4,966 50 
20,723 00 
26,742 50 
10,825 
10,000 
10,708 

4,000 

3,660 

4,850 

7,760 
13,850 62 
23,250 00 
18,500 00 
80,600 00 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
50 
25 
00 



Market Value. 

$12,933 33 

209,000 00 

4,950 00 

27,000 00 

9,405 00 

10,500 

12,120 

27,375 

10,262 

5,406 

21,800 

57,000 00 

26,346 50 

24,875 00 

23,320 00 

26,750 00 

13,585 00 

27,100 00 

4,962 50 

4,981 25 

21,400 00 

24,906 25 

11,000 00 

11,400 00 

10,750 00 

4,000 00 

3,500 00 

5,250 00 

8,240 00 

13,960 00 

24,791 67 

21,000 00 

84,337 50 



312 



PAW TUCKET MUTUAL FIRE INSURANCE CO. 



Chicago, Burl. & Quincy R.R. bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago, Rock Island & Pac. R.R. Co. bonds, 
Cin., Dayton & [ronton R.R. bonds, . 
Cincinnati Northern R'y bonds, 
Cleve., Col., Cin. & Indian. R.R. bonds, 
Cleveland Term. & Valley R.R bonds, 
Columbus & Toledo R.R. Co. bonds, 
Dayton & Michigan R.R. Co. bonds, 
Detroit, Grand Rap. & West. R.R. Co. bonds, 
E. Tenn., Virginia & Georgia R R. Co. bonds 
Georgia R.R. & Banking Co. bonds, 
Illinois Central R.R. Co. bonds, 
Kanawha & Michigan R.R. Co. bonds, 
Lehigh Valley Terminal R.R. Co. bonds, 
Minneapolis & St Louis R.R. Co. bonds, 
Morris & Essex R.R. Co. bonds, 
Norfolk & Western R.R. Co. bonds, 
Ohio & West Virginia R.R. Co. bonds, 
Philadelphia & Reading R.R. Co. bonds, 
Pitts , Cleve. & Toledo R R. Co. bonds, 
Richmond & Danville R.R. Co. bonds, 
St. Louis, Iron Mt. & South R R. Co. bonds, 
Savannah, Fla. & Western RR. Co. bonds, 
Seaboard & Roanoke R.R Co. bonds, 
Southern R'} T Co bonds, .... 
Terre Haute & Logansport R.R. Co. bonds, 
Vermont Valley R.R. Co. bonds, 
West Chicago Street R'y bonds, 
West Shore R.R. Co. bonds, 
Willmar & Sioux Falls R.R. Co. bonds, . 
First Baptist Church, Nashville, Tenn , bonds 
Rutland and Grafton district, 111., bonds, . 
113 shares City Bank, Hartford, Conn., 

60 " First Nat'l Bank, Norwich, Conn. 
152 " Mercan. Nat'l Bank, Hart., Conn. 

31 " Chic, Burl. & Quincy R.R. Co., 

84 " Cincinnati Northern R'y, 
1,126 " N. Y., N. H. & Hart. R.R. Co., 

10 " Underwriters' Salvage Co., . 



50 
00 
00 
00 
50 



Hook Value. 

$50,650 00 
58,657 50 
20,329 20 

9,550 00 

2,000 00 
42,150 00 
10,000 00 
15,602 50 
26,250 00 

9,790 37 
14,286 67 
11,112 
19,000 
20,250 
22,155 
30,471 
12,500 00 

9,325 19 

3,547 50 
10,462 50 
10,525 00 
11,000 00 
27,687 50 
10,462 50 
20,650 00 
55,165 

4,425 
25,125 
10,100 
90,800 00 
16,425 00 

8,000 00 

1,000 00 
14,451 

8,775 

1,491 

3,100 

9,797 21 
147,152 75 

1,000 00 



00 
00 
00 
00 



00 
00 
65 
00 



Market Value. 

$53,797 50 
56,875 00 
20,600 00 
11,316 67 

2,000 00 
42,766 67 

9,800 00 
13,000 00 
25,125 00 

9,800 00 
17,725 00 
10,500 00 
18,750 
23,625 
22,876 
30,283 33 
12,700 00 

9,900 

3,300 
12,000 
11,612 
10,875 00 
28,250 00 
11,112 50 
21,575 00 
58,125 00 

4,260 00 
26,500 00 

6,000 00 
85,600 00 
17,550 00 

8,200 00 

1,000 00 
10,170 00 

5,700 
152 

5,890 

2,100 
219,570 

1,000 



00 
00 
67 



00 
00 
00 
50 



00 
00 
00 
00 
00 
00 



$1,691,727 41 $1,746,190 59 



"PAWTUCKET MUTUAL FIRE INSURANCE COMPANY," 

PAWTUCKET, R. I. 

[Incorporated May, 1848. Commenced business February, 1849.] 
AUGUSTINE A. MANN, President. HOWARD A. FLETCHER, Secretary. 

Home Office, 205 Main Street. 

Income. 

Net premiums, $106,874.53; extra premiums, $785.39, . . $107,659 92 
Interest on mortgage loans, $2,825.06; stocks and bonds, 

$10,117.50; allother, $2,120.96, 15,063 52 

From all other sources, 3,411 79 

Total income, $126,135 23 

Ledger assets, Dec. 31, 1903, 420,581 60 

Total, $546,716 83 



PAWTUCKET MUTUAL FIRE INSURANCE CO. 313 



Disbursements. 

Net amount paid for losses, $50,823 26 

Profits on terminated policies, 26,605 88 

Commissions or brokerage, 15,605 92 

Salaries, fees, etc., of officers and employees, .... 6,370 50 

Rents, 1,627 50 

Taxes and fees, 2,306 96 

All other disbursements, 11,223 83 



Total disbursements, $114,563 85 



Balance, $432,152 98 

Ledger Assets. 

Real estate, $7,090.67; mortgages, $50,675, .... $57,76567 

Stocks and bonds (Schedule A), 304,940 50 

Cash in banks and office, 62,129 85 

Agents 1 balances, 7,316 96 



Total ledger assets, $432,152 98 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . 13,409 50 



Gross assets, $445,562 48 

Assets not admitted. 
Agents' balances over three months due, .... 1,388 60 



Total admitted assets, $444,173 88 

Liabilities. 

Unpaid losses, including $1,000 resisted, $2,552 95 

Unearned premiums on outstanding risks, .... 190,685 02 

Dividends due policy holders, 1,535 65 

State taxes due and accrued, 1,488 04 



All liabilities, except surplus, $196,261 66 

Surplus, 247,912 22 



Total liabilities, $444,173 88 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $25,338,689 00 $353,730 72 $353,730 72 

Risks written during 1904, . 7,759,830 00 115,500 20 115,500 20 



Total $33,098,519 00 $469,230 92 $469,230 92 

Risks expired and terminated, . 6,735,847 00 94,950 53 94,950 53 



In force at end of year, . . $26,362,672 00 $374,280 39 $374,280 39 
Amount reinsured, . . . 20,750 00 252 39 252 39 



Net amount in force, . .$26,341,922 00 $374,028 00 $374,028 00 



314 THE PELICAN ASSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, $49,110 00 

Profits or surplus returned during 1904, 24.9 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds $ 2 17,883 75 $221,390 00 

Rhode Island Suburban R.R. bonds, . . 19,400 00 18,600 00 

State of Rhode Island bonds, .... 20,966 50 20,000 00 

49 shares Providence & Worcester R.R., . 4,704 00 13,965 00 

50 " Slater Tr. Co. (Pawtucket, R. I.), . 7,600 00 10,850 00 
10 " Am. Screw Co. (Providence, R. I.), 1,000 00 1,000 00 

280 " Pennsylvania R.R., .... 19,311 25 19,320 00 

50 " N. Y., Lackawanna & West. R.R., . 7,037 50 6,625 00 

50 " Rome, Water. & Ogdens. R.R., . 7,037 50 6,600 00 



$304,940 50 $318,350 00 



" THE PELICAN ASSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March 7, 1899. Commenced business May 1, 1899.] 

Paid-up Capital, $200,000. 

A. D. IRVING, President. A. D. IRVING, Jr., Secretary. 

Home Office, 47 Cedar Street. 

Income. 

Net fire premiums, $297,654 63 

Interest on bonds, 12,638 24 

Stockholders 1 subscription, 50,000 00 



Total income, $360,292 87 

Ledger assets, Dec. 31, 1903, 484,724 39 



Total $845,017 26 

Disbursements. 

Net amount paid for fire losses, $244,401 98 

Commissions or brokerage, 70,970 71 

Salaries, fees, etc., of officers and employees, .... 26,401 47 

Rents, 123 99 

Taxes and fees, 10,190 38 

All other disbursements, 3,515 89 

Total disbursements, $355,604 42 

Balance, $489,412 84 

Ledger Assets. 

Bonds (Schedule A), $442,262 80 

Cash in banks, 25,470 66 

Agents' balances, 21,679 38 

Total ledger assets, $489,412 84 



THE PELICAN ASSURANCE CO. 



315 



Non-Ledger Assets. 
Interest due and accrued on bonds, . 



$4,057 35 



Gross assets, $493,470 19 



Assets not admitted. 



Agents 1 balances over three months due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$840 44 
3,023 30 



3,863 74 



. $489,606 45 



Liabilities. 

Unpaid losses, including $500 resisted, $29,866 ; less rein- 
surance, $1,821, $28,045 00 

Unearned premiums on outstanding risks, .... 189,606 18 

Salaries and other miscellaneous expenses, due or accrued, . 42 68 

Due for reinsurance premiums, 3,108 75 

All liabilities, except capital and surplus, . . . $220,802 61 
Surplus to policy holders, .... $268,803 84 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 68,803 84 

Total liabilities, $489,606 45 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$37,773,840 00 $394,656 51 
37,456,861 00 426,996 63 



Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$75,230,701 00 $821,653 14 
33,922,756 00 385,354 62 



$41,307,945 00 $436,298 52 
6,602,163 00 71,661 23 



.$34,705,782 00 $364,637 29 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Company's stock owned by directors, 



.,192,116 00 

680,683 00 

248,388 00 

6,500 00 



Schedule A. 

Bonds owned by the Company. 



United States bonds, 

City of Brooklyn bonds, . 

N. Y. C. & H. R. R.R. bonds, . 

Baltimore & Ohio bonds, . 

Great Northern-Northern Pacific bonds, 



Book Value. 

$204,000 00 
82,821 76 
34,192 50 
24,168 75 
24,240 83 



Market Value. 

$209,000 00 
76,427 00 
31,325 00 
23,562 50 
24,750 00 



316 



PENNSYLVANIA FIRE INSURANCE CO. 



Atchison, Topeka & Santa Fe bonds, 
Union Pacific R.R. bonds, 
Chicago, Mil. & St. Paul bonds, 



Book Value. 

$30,622 08 
20,039 44 
22,177 44 



Market Value. 

$31,125 00 
21,000 00 
22,050 00 



$442,262 80 $439,239 50 



"PENNSYLVANIA FIRE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

R. DALE BENSON, President. W. GARDNER CROWELL, Secretary. 

Home Office, 510 Walnut Street. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 
Interest on mortgage loans, $32,719.51; collaterals, 
282 . 68 ; stocks and bonds, $ 182,666 . 7 1 ; all other, $2,853 . 86 

Rents, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1903, 



$2,776,449 50 
40,720 22 

234,522 76 

4,287 75 
5,875 00 

$3,061,855 23 
6,230,472 83 



Total, $9,292,328 06 



Disbursements. 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Repairs and expenses on real estate, ..... 
Real estate taxes, $3,756.72 ; other taxes and fees, $72,999.99, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $241,996.58; mortgages, $629,950, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents 1 balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,430.89 ; collateral loans, $1,668.62, 
Market value of real estate over book value, . 



$1,827,255 61 

37,444 89 

100,000 00 

566,677 25 

175,000 00 

2,791 32 

76,756 71 

4,241 46 

171,039 43 

$2,961,206 67 

$6,331,121 39 



$871,946 58 
335,100 00 

4,487,237 23 
171,232 08 
465,605 50 

^6,331,121 39 



6,099 51 
159,202 77 



Gross assets, 



1,496,423 67 



PENNSYLVANIA FIRE INSURANCE CO. 



317 



Assets not admitted. 

Agents 1 balances over three months due, 
Special deposits less $48,672.38 liab. thereon, 
Depreciation in book value of real estate, 

Total unadmitted assets, .... 

Total admitted assets, .... 



$19,438 58 
42,277 62 
47,996 58 



$109,712 78 
6,386,710 89 



Liabilities. 

Unpaid losses, including $16,519.17 resisted, $222,543.73; 

less reinsurance, $22,169.32, $200,374 41 

Unearned premiums on outstanding risks, .... 2,364,100 69 

Reclaimable on perpetual fire policies, 879,249 99 



All liabilities, except capital and surplus, . . . $3,443,725 09 
Surplus to policy holders, .... $2,942,985 80 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 2,542,985 80 



Total liabilities, $6,386,710 89 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$452,992,895 00 $4,980,816 89 
. 301,147,951 00 3,707,845 85 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$754,140,846 00 $8,688,662 74 
. 250,782,869 00 3,475,734 24 



$503,357,977 00 $5,212,928 50 
. 58,103,376 00 587,455 78 



$445,254,601 00 $4,625,472 72 



Perpetual risks in force (not included above), $38,752,151 00 $966,301 91 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends"declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



$52,639,909 00 

27,345,867 00 

1,802,229 00 

3,629,000 00 

100,000 00 

64,300 00 



Schedule A. 

Securities held as Collateral. 



230 shares Pulaski Iron Co., 
30 " Corn Exchange Nat'l Bank, 
154 " Metropolitan St. R'y Co., 
100 " Philadelphia Co., . 
Ill " United Gas Imp. Co., 
400 " United R'y Invest. Co., . 



Market Value. 

$25,300 00 

3,930 00^ 

18,480 00 | 

4,200 00 } 

11,766 00 | 

26,000 00 J 



Loaned Thereon. 

$15,000 00 
47,000 00 



318 



PENNSYLVANIA FIRE INSURANCE CO. 



100 shares Gr. R., Hoi. & L. M. Rap. R'y Co., 
5 " Provident Life & Trust Co., 
16 " First N'l B'k of Shippensb'g, Pa., 
4 " Bank of North America, 
3,000 " Sub. Gas Co. of Philadelphia, 

100 " Heal Estate Trust Co , . 
Lexington Ave & Pav. Ferry R.R. Co. bonds, 
Compton Hts., Union Dep. & Mer. term, b'ds 
Sec. Ave. Traction Co. of Pittsburg bonds, 
United Traction Co. of Pittsburg bonds, . 
Atchison, Topeka & Santa Fe R'y bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Chicago & Western Indiana R.R. bonds, . 
125 shares Real Estate Trust Co., 
200 " Elec. Storage & Battery, 

50 " Real Estate Trust Co., . 
Equitable Ilium. Gas Light Co. bonds, 

46 shares First National Bank of Phila., 
105 " Lehigh Coal & Navigation Co., 

10 " Commonw'th Title, Ins. and Tr. Co. 
Indianapolis Northern Traction Co. bonds, 
Pennsylvania R.R. Co. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 
200 shares United Gas Imp, Co., 
Connecticut R'y & Light Co. bonds, . 
100 shares Lehigh Coal & Navigation Co., 
100 " Norristovvn Trust Co., 
Reading Co. & Phil. & Read. C'l & Ir. Co. b'ds 
200 shares Lehigh Coal & Navigation Co., 
Midland Valley R.R. Co. bonds, 



Market Value. 

$10,000 00 

3,750 00 

3,120 00 

1,120 00 

2,940 00 

34,000 00 

11,300 00^ 

11,000 00 

11,500 00 

11,600 00 

10,300 00 

9,300 

5,600 

21,875 

15,800 

8,750 

1,090 

8,004 00 

11,340 00 

800 00 

9,000 00 

9,270 00 

13,950 00 

21,200 00 

17,640 00 

10,800 00 

15,000 00 

6,180 00 

21,600 00 

60,600 00 



Loaned Thereon. 

$9,500 00 

3,000 00 

2,200 00 

500 00 

2,000 00 

18,000 00 



)> 50,000 00 



28,000 00 

4,000 00 

900 00 

5,000 00 

4,000 00 

25,000 00 

40,000 00 

11,000 00 

20,000 00 

50,000 00 



$468,105 00 $335,100 00 



Schedule B. 



Slocks and Bonds owned by the Company. 



United States loan bonds, . 

St. Louis city bonds, .... 

City of Springfield, 111., funding bonds, 

City of Dayton, Ohio, bonds, . 

Newark, Ohio, refunding bonds, 

City of Duluth, Minn., bonds, . 

Borough of Sharpsburg, Pa , bonds, 

Sch. Dist of the Boro' of Sewickley, Pa., b'ds 

City of Portland, Ore , bonds, . 

Port of Portland, Ore., bonds, . 

City of Richmond, Va., bonds, . 

West Knoxville Gen. Imp. Co. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, 

Philadelphia & Erie R.R. Co. bonds, 

Philadelphia & Reading R.R. bonds, 

Lehigh Valley R R. Co. bonds, 

Penn. & N. Y. Canal & R.R. Co. bonds, 

Chicago & Western Indiana R.R. Co. bonds, 

Schuylkill River East Side R.R. Co. bonds, 

Shamokin, Sunb. & Lewisb. R.R. Co. bonds, 

St. Paul & Northern Pacific R.R. Co. bonds, 

C, C, C. & Indianapolis R'y Co. bonds, . 

N. Y., Sus. & Western R.R. Co. Ter. bonds, 



60 
00 
00 
70 
60 



Book Value. 

$16,362 50 

22,937 50 

36,612 50 

36,773 75 

12,720 00 

48,232 

41,464 

24,080 

54,823 

6,028 

21,732 00 

22,000 00 

113,000 00 

78,750 00 

140.331 25 

154,075 00 

123,482 50 

144,750 00 

73,375 00 

19,450 00 

56,170 00 

29,700 00 

104,750 00 



Market Value. 

$ 10,700 00 

25,750 00 

36,400 00 

35,840 00 

12,480 00 

51,700 00 

40,800 00 

24,150 00 

52,650 00 

5,800 00 

21,800 00 

22,000 00 

120,600 00 

86,250 00 

167,200 00 

163,000 00 

127,130 00 

150,000 00 

77,250 00 

21,200 00 

62,000 00 

39,900 00 

116,000 00 



PENNSYLVANIA FIRE INSURANCE CO. 



319 



Indianapolis & Vincennes R.R. Co. bonds, 
Chicago & Erie R.R. Co. bonds, 
Baltimore & Potomac R.R. Co. bonds, 
McKeesport & Belle Vernon R R. Co. bonds, 
Newburg & N. Y. R.R. Co. bonds, . 
Atlantic City R.R. Co. bonds, . . * . 
Camden H.RR, Co. bonds, 
Belief onte Central R.R. Co. bonds, . 
Evansville & Terre Haute R.R. Co. bonds, 
Terminal R.R. Association of St. Louis bonds 
Pine Creek R'y Co. bonds, 
Chicago & Northwestern R'y Co. bonds, . 
Chic, Rock Island & Pacific R.R. Co. bonds, 
Chic, Rock Island & Pacific R.R. Co. bonds, 
Chicago, Mil. & St. Paul R'y Co. bonds, 
Chicago, Hammond & Western R.R. Co. b'ds 
Chesapeake & Ohio R.R. Co. bonds, 
Kansas City Southern R'y Co. bonds, 
Western Transit Co. bonds, 
Cleve., Lorain & Wheeling R R. Co. bonds, 
Choctaw & Memphis R.R. Co. bonds, 
St. Louis, Iron Mt. & Southern R'y Co. bonds 
Baltimore & Ohio R.R. Co. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 
Wisconsin Central R'y Co. bonds, . 
Union Pacific R'y Co. bonds, . 
Louis & Nash R.R. Co. & Mob. & M. R'y b'ds 
N. Y., Phila & Norfolk R.R. Co. bonds, 
Erie R.R. Co. bonds, .... 
Southern Pacific R.R. Co. bonds, 
Greenbrier R'y Co. bonds, 
Central Pacific R'y Co. bonds, . 
Lehigh Valley R.R. Co. bonds, . 
Penn. Co. trust certificate, 
Choc, Okla. & Gulf R.R. Co. bonds, 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Chesapeake & Ohio R'y Co. bonds, . 
Chesapeake & Ohio R'y Co. bonds (Series D) 
Chesapeake & Ohio R'y Co. bonds, . 
Central Pacific R'y Co. bonds, . 
Louisville & Nashville R.R. Co. bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
Buffalo & Susquehanna R.R. Co. bonds, . 
Chic, Indianap. & St. Louis bonds, . 
St. Louis, Iron Mt. & South. R'y Co. bonds, 
St. Louis, Memph. & Southeast. R.R. Co. b'ds 
Southern R'y Co. notes (Series C), . 
Oregon Short Line R R. Co. bonds, . 
Pitts. & Charleroi Street R'y Co. bonds, . 
New Orleans T. Co. bonds, 
Terminal R.R. Asso. of St. Louis bonds, . 
Iron Mountain car trust bonds, 
Lower Merion Township bonds, 
Lehigh Valley Coal Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Chesapeake & Delaware Canal Co. bonds, 
Philadelphia Co. bonds, .... 
42 shares Reading Co., .... 
102 " Reading Co., .... 



Book Value. 

$8,648 50 
55,250 00 
18,375 00 
75,335 00 
15,750 00 
30,825 00 
26,250 00 
2,250 00 
25,750 00 
54,500 00 
64,500 00 
51,050 00 
77,843 75 
49,625 00 
56,375 00 
121,500 00 
48,142 50 
19,807 00 
48,318 33 
53,875 00 
52,000 00 
55,406 25 
94,533 75 
67,375 00 
47,062 50 
26,218 75 
55,475 00 
50,687 50 
93,625 00 
107,750 00 
96,125 00 
87,750 00 
43,563 30 
97,163 75 
53,750 00 
49,125 00 
49,000 
49,272 
24,347 
24,565 
25,218 75 
24,562 50 
26,250 00 
24,500 00 
24,937 50 
94,500 
48,000 
97,104 
48,500 
51,252 
47,437 
24,812 50 
36,303 80 
39,184 00 
51,250 00 
121,320 00 
8,602 50 
54,531 25 

7,352 61 



00 
50 
50 
00 



00 
00 
55 
00 
50 
50 



Market Value. 

$7,420 00 
60,500 00 
17,100 00 
72,000 00 
15,750 00 
33,600 00 
26,000 00 
2,125 00 
26,750 00 
55,000 00 
63,500 00 
50,600 00 
79,500 00 
50,000 00 
55,500 00 
128,000 00 
49,560 00 
18,720 00 
45,000 00 
57,500 00 
55,500 00 
58,000 00 
96,000 00 
69,750 00 
46,500 00 
26,500 CO 
54,000 00 
51,500 00 
97,000 00 
117,000 00 
94,000 00 
89,000 00 
43,430 00 
98,000 00 
54,000 00 
50,000 00 
51,500 00 
50,000 00 
25,000 00 
25,000 00 
25,500 00 
24,500 00 
27,000 00 
24,750 00 
25,000 00 
96,000 00 
48,500 00 
100,000 00 
48,500 00 
52,500 00 
47,500 00 
25,000 00 
36,000 00 
40,000 00 
57,000 00 
121,600 00 

4,800 
55,000 

1,723 

4,108 



00 
00 
00 
00 



320 



PHENIX INSURANCE CO. 



440 shares Bellefonte Central R.R. Co., 
210 " Grand Rap. & Indiana R.R. Co., 
1,000 " Pennsylvania R.R. Co., 
14 " Philadelphia Bourse, . 
200 " Philadelphia Nat'l Bank, 



Book Value. 

$20,150 00 

18,501 00 

62,734 37 

700 00 

19,165 12 



Market Value. 

$3,520 00 

9,450 00 

69,000 00 

84 00 

63,000 00 



$4,487,237 23 $4,646,440 00 



"PIIENIX INSURANCE COMPANY," BROOKLYN, N. Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 

Paid-up Capital, $1,000,000. 

GEORGE P. SHELDON, President. CHAS. F. KOSTER, Secretary. 

Home Office, 16 Court Street. 

Income. 

Net fire premiums, $5,875,727 39 

Interest on mortgage loans, $2,593.89 ; collaterals, $5,367.97 ; 



stocks and bonds, $164,466.40; all other, $421.25, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1903, 



172,849 51 
44,953 00 
53,981 50 

^6,147,511 40 
7,335,186 09 



Total, 



Disbursements. 



Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $6,293 . 31 ; other taxes and fees, $124,942 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Real estate, $409,439.21 ; mortgages, $48,100, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $771.64; stocks and bonds, $12,616.65, 
Rents accrued on company's property, 



78, 



$13,482,697 


49 


. $3,396,232 


19 


100,000 00 


. 1,202,310 


32 


413,871 


22 


53,865 


21 


16,715 


04 


131,236 


09 


81,385 


00 


403,228 


39 



$5,798,843 46 
$7,683,854 03 



$457,539 21 

72,700 00 

5,643,944 42 

713,865 90 

795,804 50 

$7,683,854 03 



13,388 29 
3,541 27 



PHENIX INSURANCE CO. 



321 



Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, . 

Assets not admitted. 
Special deposits less $224,339.08 liability thereon, . 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $35,799 resisted, .... 
Unearned premiums on outstanding risks, .... 
Salaries and other miscellaneous expenses, due or accrued, . 
Due for return premiums, 12,350.61 ; reinsurance, $5,965. 49, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $2,626,722 41 

Paid-up capital, 

Surplus over capital and general liabilities, .... 

Total liabilities, 



$166,560 79 
139,786 58 

8,007,130 96 



63,993 92 
$7,943,137 04 



$387,861 38 

4,915,987 15 

4,250 00 

8,316 10 

$5,316,414 63 

1,000,000 00 
1,626,722 41 

$7,943,137 04 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$766,163,272 00 $8,999,383 95 
. 610,252,123 00 7,171,068 62 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,376,415,395 00 $16,170,452 57 
. 533,596,653 00 6,247,666 50 



$842,818,742 00 $9,922,786 07 
. 50,330,483 00 520,260 65 



$792,488,259 00 $9,402,525 42 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned b} 7 directors, . 



$146,404,908 
70,110,915 
3,392.380 
4,474,000 
100,000 



00 
00 
00 
00 
00 



176,300 00 



Schedule A. 

Securities held as Collateral. 



109 shares Consolidated Gas Co., 
100 " Amalgamated Copper Co., 
312 " Electric Storage Battery Co., . 
100 " Kings Co. Elec. Light & Power Co., 

12 " Municipal Gas Co. of Albany, N. Y., 
100 " New York Mutual Telegraph Co , . 

45 " Consolidated Gas Co., Bait., Md., . 
170 " Am. District Tel. Co., Brooklyn, . 
Consolidated Gas Co. bonds, .... 



Market Value. Loaned Thereon. 

$21,255 00^ 

7,000 00 

24,648 00 

19,500 00 

3,600 00 } $72,700 00 

2,500 00 

3,780 00 

2,550 00 

4,350 00 J 



$89,183 00 $72,700 00 



322 PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 



Schedule B. 



Stocks and Bonds owned by the Company. 



United States government bonds, . 
State of Virginia Century bonds, 
City of Richmond, Va., bonds, . 
N. Y. City consolidated stock dock bonds, 
City of Toronto bonds, .... 
St. Paul, Minn. & Manitoba R'y Co. bonds, 
Council Bluffs City Water Works Co. bonds, 
Niagara Falls Power Co. bonds, 
Denver Gas & Electric Co. bonds, . 
Lincoln Gas & Electric Light Co. bonds, 
Grove Mills Paper Co. bonds, . 
Consolidated Gas Co. bonds, 

500 shares Ch., St. P., Minn. & Om. R'y Co. 
2,500 " Central R.R. Co. of N. J., . 
4,000 " Chicago & Northwestern R'y Co. 
4,000 « D., L. & W. R.R. Co., . 
1,000 " Pitts., Cin., Chic. & St. Lo. R'y Co. 
50 " Pitts., Cin,, Chic. & St. Lo. R'y Co. 
1,500 ■« Delaware & Hudson Co., . 
1,000 " N. Y. Cent. & Hud. R. R.R. Co., , 
1,000 " Louisville & Nashville R R. Co., , 
1,400 " Chatham Nat'l Bank, N. Y., . 

300 " First National Bank, N. Y., . 

400 " National City Bank, N. Y., . 

317 " Nat'l Bank of Com., N. Y., . 

300 " National Park Bank, N. Y., . 

400 " Brooklyn Bank, Brooklyn, . 

600 " National City Bank, Brooklyn, . 

80 " Trust Co. of America, . 

300 " Bond & Mortgage Guarantee Co., 
500 " Realty Associates, 

81 " American Light & Traction Co., , 
267 " American Light & Traction Co., , 

1,000 " Central & South Am. Tel. Co., , 
2,000 " Consolidated Gas Co., N. Y., 
500 " N. Y. Mutual Gas Light Co., 



00 
00 
81 
00 
00 
42 



Book Value. 

$306,563 22 

60,037 50 

20,895 
416,000 

23,699 

57,500 

99.000 

54,048 
161,000 00 
175,100 00 

21,173 33 

37,500 00 
100,062 50 
485,736 07 
919,807 
538,322 

81,125 
5,000 
280,087 
144,175 
140,050 
126,690 
195,000 
115,042 

67,955 

89,890 

32,151 
114,302 

28,000 00 

32,000 00 

50,000 00 
5,750 00 

24,250 00 
116,674 46 
384,672 50 
134,781 00 



50 
60 
00 
00 
50 
00 
00 
93 
00 
25 
25 
63 
13 
82 



Market Value. 

$336,000 00 

96,000 00 

22,680 00 

400,000 00 

24,333 00 

55,000 00 

100,000 00 

50,000 00 

136,850 00 

140,000 00 

20,000 00 

65,250 00 

93,500 00 

475,000 00 

780,000 00 

650,000 00 

77,000 00 

5,000 00 

276,000 00 

140,000 00 

138,000 00 

115,500 00 

225,000 00 

118,000 00 

73,544 00 

159,000 00 

28,000 00 

87,000 00 

42,400 

115,500 

67,500 

5,508 

26.166 

100,000 

390,000 



00 
00 
00 
00 
00 
00 
00 



150,000 00 



$5,643,944 42 $5,783,731 00 



PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY," PHILADELPHIA, PA. 

[Incorporated Aug. 23, 1880. Commenced business Nov. 1, 1SS0.] 
EDWIN I. ATLEE, President. RICHARD H. MORRIS, Secretary. 

Home Office, 911 Arcade Building. 

Income. 
Net premiums, . 



Interest on stocks and bonds, $11,889.34; all other, $374.95, 
From all other sources, ......... 

Total income, 

Ledger assets, Dec. 31, 1903, 



$276,081 33 
12,264 29 
1,344 81 

$289,690 43 
255,017 39 



Total, $544,707 82 



PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 323 



Disbursements. 

Net amount paid for losses, $22,525 96 

Profits on terminated policies, 204,782 91 

Returned premiums, 15,082 69 

Salaries, fees, etc., of officers and employees, .... 11,903 14 

Rents, 1,900 00 

Taxes and fees, 1,241 93 

Inspections, 5,695 22 

All other disbursements, 4,055 90 

Total disbursements, $267,187 75 

Balance, $277,520 07 

Ledger Assets. 

Stocks and bonds (Schedule A), $242,541 32 

Cash in banks and office, 25,317 48 

Premiums in course of collection, . . . . . 9,661 27 

Total ledger assets, . . . ■ $277,520 07 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 1,835 12 

Market value of stocks and bonds over book value, . . 29,546 68 

Gross assets, $308,901 87 

Liabilities. 

Unpaid losses, $500 00 

Unearned premiums on outstanding risks, .... 130,038 83 

All liabilities, except surplus, $130,538 83 

Surplus, 178,363 04 

Total liabilities, $308,901 87 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $26,205,884 00 $238,551 25 $1,192,756 25 

Risks written during 1904, . 30,660,017 00 277,164 36 1,385,821 80 

Total, $56,865,90100 $515,715 61 $2,578,578 05 

Risks expired and terminated, . 28,620,750 00 255,637 95 1,278,189 75 

In force at end of year, . .$28,245,15100 $260,077 66 $1,800,388 30 

Miscellaneous. 

Losses incurred during the year, $20,477 00 

Profits or surplus returned during 1904, 74 per cent. 

Schedule A. 

Slocks and Bonds owned by the Company. 

Book Value. Market Value. 

Consolidated Traction Co. of N. J. bonds, . $4,350 00 $5,400 00 

Cambria & Clearfield R.R. bonds, . . . 10,340 00 10,5"0 00 

West Jersey & Seashore R.R. bonds, . . 10,000 00 11,000 00 



324 



TIKKNIX INSURANCE CO. 



Sunbury, Hazelton & Wilkes Barre R.R 
Pennsylvania R.R. bonds, . 
Millville Mfg. Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Lehigh Coal & Nav. Co. Funding & Imp, 
Allegheny Valley R.R. bonds, . 
Phila. & Baltimore Central R.R. bonds. 
Northern Pacific R'y Co. bonds, 
Cleveland & Marietta R.R. Co. bonds, 
Lehigh Valley Coal Co. bonds, 
Pennsylvania Steel Co. bonds, . 
Toledo, St. Louis & Western R.R. bonds, 
Greenbrier & New River R.R. bonds, 
Pine Bluff & Western R.R. bonds, . 
Detroit Citizens St. R'y Co. bonds, . 
400 shares West Jersey & Seashore R.R. 



90 
25 
204 
100 
150 
100 



Philadelphia National Bank, 
Land Title & Trust Co., . 
Pennsylvania R.R., . 
Chartiers Railway, . 
Erie & Pittsburgh R.R., . 
Pennsylvania Steel Co., . 



b'ds, 



b'ds 



Book Value. 

$4,900 00 

1,082 50 

5,300 00 

5,175 00 

10,130 00 

18,300 00 

10,204 38 

4,104 67 

5,350 00 

20,300 00 

10,353 33 

7,862 50 

14,315 00 

10,315 98 

10,202 78 

19,733 01 

18,906 25 

3,276 

12,889 

6,500 

9,375 



00 
00 
00 



00 
92 
00 
00 



9,275 00 



Market Value. 

$5,225 00 

1,120 

5,250 

4,800 

10,300 00 

17,475 00 

10,000 00 

3,080 00 

5,400 00 

22,800 00 

10,200 00 

8,400 00 

14,290 00 

10,600 00 

10,000 00 

26,000 00 

27,720 00 

7,000 00 

14,178 00 

10,000 00 

11,550 00 

9,800 00 



$242,541 32 $272,088 00 



"PHCENIX INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854.] 

Paid-up Capital, $2,000,000. 

D. W. C. SKILTON, President. EDW. MILLJGAN, Secretary. 

Home Office^ 64 Pearl Street. 

Income. 

Net fire premiums $3,964,907 78 

Interest on mortgage loans, $5,575. 81 ; collaterals, $3,479.28 ; 

stocks and bonds, $220,696.99, 229,752 08 

Rents, 14,064 18 

Profit on sale or maturity of ledger assets, .... 12,415 16 



Total income, 
Ledger assets, Dec. 31, 1903, 



^,221,139 20 
5,557,553 96 



Total, $9,778,693 16 



Disbursements. 

Net amount paid for fire losses, $2,170,561 55 

Interest and dividends to stockholders, 282,000 00 

Commissions or brokerage, 805,760 85 

Salaries, fees, etc., of officers and employees, .... 217,272 64 

Rents 12,259 40 

Repairs and expenses on real estate, . . . . ' . 7,013 97 

Real estate taxes, $3,951 .07 ; other taxes and fees, $84,022. 14, 87,973 21 

All other disbursements 337,899 07 

Total disbursements, $3,920,740 69 



Balance, $5,857,952 47 



PHCENIX INSURANCE CO. 



>25 



Ledger Assets 

Real estate, f 336,381. 79 ; mortgages, $98,519 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents' balances, 

Total ledger assets, .... 



16, 



8434,900 95 

24,000 00 

4,489,963 52 

418,760 10 

490,327 90 

f5,857,952 47 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,525.23; stocks and bonds, $43,314.79 

lateral loans, $600 ; other assets, $1,700, 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, 
Foreign premiums in course of collection, 
Reinsurance due on losses paid, .... 



col- 



Gross assets, 



48,140 02 

1,116 79 

1,242,216 98 

86,017 97 

170 88 

17,235,615 11 



Assets not admitted. 

Agents' balances over three months due, . $1,625 48 

Special deposits less $140,559.41 liab. thereon, 141,325 09 

Depreciation in book value of real estate, . 19,446 15 

Total unadmitted assets, .... 162,396 72 

Total admitted assets, $7,073,218 39 

Liabilities. 

Unpaid losses, including $24,714 resisted, $417,889.61; less 

reinsurance, $29,091.31, $388,798 30 

Unearned premiums on outstanding risks, $3,047,233.46 ; plus 

same on disallowed reinsurance, $14,720.23, . . . 3,061,953 69 

Commissions and other charges due agents and brokers, . 21,642 07 

All liabilities, except capital and surplus, . . . $3,472,394 06 
Surplus to policy holders, .... $3,600,824 33 

Paid-up capital, 2,000,000 00 

Surplus over capital and general liabilities, .... 1,600,824 33 

Total liabilities, $7,073,218 39 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$540,089,792 00 $5,682,434 72 
.491,798,118 00 4,871,589 89 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,031,887,910 00 $10,554,024 61 
.440,622,558 00 4,336,348 69 



$591,265,352 00 $6,217,675 92 
. 30,938,238 00 359,316 62 



$560,327,114 00 $5,858,359 30 



326 



P1KKXIX INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (14.1 per cent.), 

Company's stock owned by directors, 



$90,343,355 00 

53,972,774 00 

2,163,561 00 

9,085,000 00 

282,000 00 

64,200 00 



Schedule A. 
Securities held as Collateral. 



240 shares Landers, Frary & Clark, 
70 " Southern New England Tel. Co., 
203 " Atlantic Dock Co., . 



Market Value. 

$9,000 00 

9,800 00 

20,300 00 



Loaned Thereon. 

$9,000 00 
15,000 00 



Schedule B. 



$39,100 00 $24,000 00 



Stocks and Bonds owned by the Company. 



Georgia State bonds, 

New York Dock Co. bonds, 

Ashland, Oregon, water bonds, 

City of Portland, Ore., bonds, . 

Brantford, Can., bonds, 

Guelph, Can., bonds, 

Victoria, British Columbia, bonds, 

Town of St. Henry, P. Q,, bonds, 

Province of New Brunswick bonds, 

Chicago & No. Shore Street R'y Co. bonds, 

Detroit R'y bonds, 

City of Richmond, Va., bonds, . 

City of Petersburg, Va., bonds, 

Fostoria, O., water bonds, 

Hannibal, Mo., school bonds, . 

Second North School District, Hart., bonds, 

Washington St. School District, Hart., bonds, 

South School District, Hart., bonds, 

Urbana, O., gas bonds, 

North Western Telegraph Co. bonds, 

Western Union Telegraph Co. bonds, 

Atlantic & Danville R.R. bonds, 

Chesapeake & Ohio bonds, 

Chicago & Northwestern R'y bonds, 

Chicago & Western Indiana bonds, 

Chicago & Erie R.R. bonds, 

Cincinnati, Dayton & Ironton bonds 

Central R.R. of New Jersey bonds, 

Elgin, Joliet & Eastern bonds, . 

Erie R'y bonds, .... 

Erie R'y, Penn., collateral bonds, 

Easton & Amboy bonds, . 

Iowa Central R'} T Co. bonds, . 

Lehigh Valley Terminal bonds, 

Louisville, Henderson & St. Louis bonds, 



00 
00 
50 
50 



Book Value. 

$11,535 00 
39,480 
53,125 
16,897 
27,737 
27,076 00 
21,900 00 
78,375 00 
5,048 35 
26,446 58 
40,310 00 
30,000 00 
26,125 00 
25,000 00 
2,000 00 
40,000 00 
21,200 00 

107,000 00 
26,440 00 
31,275 00 
52,312 50 
47,000 00 
59,000 00 
40,825 00 

230,517 50 
59,980 00 
64,437 50 
20,526 25 
57,375 00 
53,000 00 
23,593 75 
33,671 50 
58,212 50 
29,075 50 
28,031 25 



Market Value. 

$11,550 00 
39,900 00 
53,500 00 
16,897 00 
26,000 00 
26,700 00 
23,000 00 
78,937 50 
5,325 
27,000 
39,405 
30,595 
26,277 
25,000 
2,040 
40,000 
21,200 

107,000 
25,250 
31,350 00 
52,500 00 
48,500 
59,250 
45,240 

223,740 
60,750 
68,440 
27,300 
58,250 00 
67,500 00 
23,875 00 
33,900 00 
57,500 00 
29,687 50 
28,125 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



PHCENIX INSURANCE CO. 



327 



Louisville & Nashville collateral trust bonds, 

Minneapolis Union R'y Co. bonds, . 

N. Y., Lackawanna & Western R.R. bonds, 

Penn. & N. Y. Canal & R.R. bonds, . 

St. Louis, Iron Mt. & Southern bonds, 

St. Paul & Northern Pacific bonds, . 

Southern R'y Co. bonds, .... 

The Railroad Securities Co. bonds, . 

Terre Haute & Peoria bonds, . 

Terminal R R. Association of St. Louis bonds 

Virginia Midland bonds, .... 

Wabash-Pittsburg Terminal R'y Co. bonds, 
300 shares iEtna National Bank, Hartford, 

1,000 " Amer. National Bank, Hart., 
100 " Metropolitan Trust Co., N. Y., 
75 " Central Trust Co., N. Y., . 
162 " Charter Oak Nat'l Bank, Hart., 
160 " City Bank, Hartford, . 
100 " Connecticut River Bank, Hart., 
300 " Far. & Mech. Nat'l Bank, Hart., 
400 " Franklin Trust Co., N. Y., . 

1,030 " Hartford National Bank, Hart., 
400 " Hartford Trust Co., Hart., . 
67 " Home National Bank, Meriden, 
204 " Imperial Bank, Toronto, Ont., 
108 " Mer. Exchange Nat'l Bank, N. Y. 
800 " Mer. N'l B'k (in liquidate), Hart 
340 " Nat'l Exchange Bank, Hartford, 
125 " Nat'l Ger. Am. Bank, St. Paul, 
200 " New Brit. Nat'l Bank, New Brit. 
770 " Phosnix National Bank, Hartford 
200 " State Bank, Hartford, . 
50 " Security Co., Hartford, 
440 " Waterbury Nat'l B'k, Waterbury 
500 " Bald Eagle Valley R.R. Co., 
300 " Beech Creek R.R , 
300 " CI., C, Chic. & St. Lo. R.R. Co., 
300 " Chic, Milwaukee & St. Paul, 
30 " Chic, Milwaukee & St. Paul, 
500 " Cleveland & Pitts. R.R. Co., 
500 " Ft. Wayne & Jackson R.R. Co., 
200 " Georgia R.R & Banking Co., 
120 " Hartford & Conn. AVest. R.R. Co. 

2,000 " Illinois Central R.R. Co., . 

1,000 " Morris & Essex R.R. Co., . 

2,500 " N. Y., N. H. & Har. R.R. Co., 
250 " N. Y. & Harlem R.R. Co., . 

1,000 " , N. Y. Cent. & Hudson R. R.R. Co. 
500 " Peoria & Bureau Val. R.R. Co., 
500 " Pitts., McKees. & Y. R.R. Co., 

2,000 " Pennsylvania R.R. Co., 
250 " Rensselaer & Saratoga R.R. Co., 
500 " Sharon R.R. of Penn., . 

1,300 " Holyoke Water Power Co., . 
500 " American Tel. & Cable Co., . 
150 " Empire & Bay State Tel. Co., 
333 " Illinois & Miss. Tel. Co., . 

2,500 " North West. Telegraph Co., 
297 " Pacific & Atlantic Telegraph Co. 



Book Value. 

$24,406 25 
84,718 34 
53,125 00 
28,812 50 
39,331 25 
32,100 00 
49,906 25 
41,625 00 
25,375 00 
29,437 50 
58,093 75 
49,200 00 
32,900 00 
59,955 00 
53,537 50 
8,060 00 
21,020 00 
16,000 00 
6,200 00 
34,020 00 
59,437 50 

105,486 00 
40,600 00 
8,658 42 
29,256 43 
7,500 00 
15,596 00 
22,230 00 
31,494 84 
21,040 00 

103,800 00 
20,864 00 
8,750 00 
29,580 00 
48,875 00 
14,400 00 
29,137 50 
43,262 50 
3,000 00 
20,200 00 
49,150 00 
32,069 00 
19,653 33 

235,629 20 
69,931 25 

285,738 63 
24,640 00 

125,760 75 
72,625 00 
29,400 00 

123,984 37 
14,781 25 
25,750 

168,750 
47,360 
11,325 
12,820 50 

135,825 00 
6,102 25 



00 
26 
00 
00 



Market Value . 

^24,500 00 
94,500 00 
66,500 00 
28,500 00 
40,950 00 
31,250 00 
50,000 00 
45,125 00 
22,500 00 
29,750 00 
57,000 00 
50,050 00 
60,000 00 
72,500 00 
62,500 00 

161,250 00 

20,250 00 

14,400 00 

5,500 00 

36,000 00 

140,000 00 

142,140 00 

80,000 00 

8,710 00 

46,308 00 

9,180 00 

800 00 

22,100 00 

17,500 00 

32,000 00 

92,400 00 

28,000 00 

7,250 00 

36,300 00 

51,250 00 

16,050 00 

35,250 

55,200 

5,160 

46,000 

75,000 00 

51,600 00 

6,000 00 

314,000 00 
95,000 00 

495,000 00 
50,625 00 

142,000 00 

103,500 00 
34,250 00 

138,750 00 
53,000 00 
36,250 00 

416,000 00 
47,500 00 
12,300 00 
14,319 00 

160,000 00 
6,102 00 



00 
00 
00 
00 



328 PROVIDENCE MUTUAL FIRE INSURANCE CO. 



200 shares Western Union Telegraph Co 
105 " West End Street R'y Co., 
200 " Boston Elevated R'y Co., 
50 " Hartford Street R'y Co., . 
420 " New York Dock Co., 



Book Value. Market Value. 

$18,500 00 $18,600 00 

1,303 44 9,817 50 

23,428 58 31,100 00 

7,175 00 11,000 00 

19,740 00 24,360 00 



$4,489,963 52 $5,732,180 50 



"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1800. Commenced business 1800.] 

EDWARD L. WATSON, President. BENJAMIN M. MacDOUGALL, Secretary. 

Home Office, 49 Westminster Street. 

Income. 

Net premiums, $79,951.26; extra premiums, $573.15, . . $80,524 41 
Interest on mortgage loans, $3,352 ; stocks and bonds, $ 18,- 

146.05; allother, $1,712.88, 23,210 93 

Profit on sale or maturity of ledger assets, .... 1,334 37 

Total income, $105,069 71 

Ledger assets, Dec. 31, 1903, 496,588 98 

Total $601,658 69 

Disbursements. 

Net amount paid for losses, $35,309 78 

Profits on terminated policies, 23,780 74 

Commissions or brokerage, 9,325 74 

Salaries, fees, etc., of officers and employees, .... 10,050 00 

Rents 1,436 00 

Taxes and fees, 2,587 97 

All other disbursements, 2,414 96 

Total disbursements, $84,905 19 



Balance, $516,753 50 

Ledger Assets. 

Mortgages, $58,100 00 

Stocks and bonds (Schedule A), 389,979 18 

Cash in banks and office, 62,607 41 

Agents' balances, 6,066 91 

Total ledger assets $516,753 50 

Non-Ledger Assets. 

Interest accrued ■ 

On stocks and bonds, $2,978.75 ; other assets, $160.16, . . 3,138 91 

Market value of stocks and bonds over book value, . . 52,520 82 

Gross assets, $572,413 23 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



329 



Assets not admitted. 
Agents 1 balances over three months due, 

Total admitted assets, .... 



$184 71 



$572,228 52 



Liabilities. 

Unpaid losses, $395 94 

Unearned premiums on outstanding risks, .... 158,892 74 

Dividends due policy holders, 3,058 67 

Salaries and other miscellaneous expenses, due or accrued, . 1,380 08 

All liabilities, except surplus, $163,727 43 

Surplus 408,501 09 

Total liabilities, $572,228 52 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1903, $28,869,301 00 $307,482 08 
Risks written during 1904, . 7,819,896 00 86,673 23 



Total $36,689,197 00 $394,155 31 

Risks expired and terminated, . 7,172,479 00 78,691 68 



In force at end of year, . . $29,516,718 00 $315,463 63 
Amount reinsured, . . . 278,775 00 3,341 99 



Conting't Prem's. 

$307,482 08 

86,673 23 

$394,155 31 

78,691 68 

$315,463 63 

3,341 99 



Net amount in force, . . $29,237,943 00 $312,121 64 $312,121 64 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1904, 20, 30, 40, 50 and 65 
per cent. 

Schedule A. 

Stocks and Bonds oivned by the Company. 



$33,727 00 



State of Rhode Island bonds, . 

City of Providence bonds, 

The Metropolitan Water Co. bonds, 

Southern R'y Co. bonds, .... 

240 shares N. Y., N. H. & Hartford R.R., 

400 " Pennsylvania R.R., . 

200 " Southern R.R 

158 " Illinois Central R.R., 

115 " N. Y. Cent. & Hudson R. R.R., 

100 " Old Colony R.R., . 

100 " Chic, Mil. & St. Paul R.R., . 

100 " Fitchburg R.R., 

100 " Ft. Wayne & Jackson R.R., . 

100 " Det , Hillsd. & So. West. R.R., 

100 " Chicago, Great Western R.R., 

100 " Rome, Watertown & Ogdens. R.R., 

100 " Upper Coos, 



Book Value. 

$11,225 00 
14,067 

5,970 

4,918 
32,223 
25,420 00 
13,700 00 
16,453 90 
12,266 
19,500 
11,675 
10,475 
14,118 
10,900 

9,300 
13,825 
14,900 



35 

00 
00 
13 



30 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



Market Value. 

$10,000 00 
14,000 00 

3,500 00 

5,000 
47,040 
27,000 
19,000 
23,700 
15,525 00 
20,000 00 
18,000 00 
13,800 00 
14,600 00 
10,400 

8,500 
13,500 
14,500 



00 
00 
00 
00 



;;;;<> 




PROVIDENCE WASHINGTON INSURANCE CO. 










Book Value. 


Market Value. 


200 shares Mahoning Coal Co., 


$12,075 00 


$10,500 00 


200 


(i 


Del., Lack. Western R.R., 


17,262 50 


30,000 00 


200 


u 


Pitts., Bess. & L. Erie R.R., . 


7,000 00 


7,200 00 


200 


It 


Morris & Essex R.R., 


19,675 00 


18,500 00 


200 


tt 


Cleveland & Pittsburg R.R., . 


19,450 00 


18,000 00 


100 


It 


Oswego & Syracuse R.R., 


10,250 00 


11,750 00 


51 


(( 


Providence & Worcester R.R., 


12,558 75 


14,535 00 


50 


l( 


Connecticut River R.R., . 


12,500 00 


14,000 00 


50 


11 


Hereford R.R., 


5,000 00 


4,600 00 


50 


u 


Union Pacific R.R., . 


5,256 25 


5,500 00 


50 


l( 


Union Pacific R R., . 


4,725 00 


4,750 00 


40 


tt 


Boston & Providence R.R., 


10,400 00 


12,000 00 


50 


tt 


Chicago & Eastern 111. R.R., . 


6,800 00 


6,500 00 


20 


<t 


National Bank of Commerce, . 


1,090 00 


1,100 00 


50 


tt 


R. I. Investment Co., 


5,000 00 


5,500 00 




$389,979 18 


$442,500 00 



"PROVIDENCE WASHINGTON INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $500,000. 

J. B. BRANCH, President. W. H. PHILLIPS, Secretary. 

Home Office, 20 Market Square. 

Income. 

Net fire premiums, $1,985,629.81 ; marine, $356,214.20, . $2,341,844 01 
Interest on stocks and bonds, ....... 79,249 71 

Profit on sale or maturity of ledger assets, .... 6,95277 

Total income, $2,428,046 49 

Ledger assets, Dec. 31, 1903, 1,850,251 86 

Total, $4,278,298 35 

Disbursements. . 

Net amount paid for fire losses, $1,228,258.66; marine, 

$240,216.35, $1,468,475 01 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, . 506,056 35 

Salaries, fees, etc., of officers and employees, .... 113,344 18 

Rents, 6,352 44 

Taxes and fees, 50,442 61 

All other disbursements, ' . 86,919 40 



Total disbursements, 



. $2,281,589 99 



Balance, $1,996,708 36 

Ledger Assets. 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 
Bills receivable, 



. $1,549,450 00 

174,905 53 

245,181 03 

27,171 80 



Total ledger assets, . 



$1,996,708 36 



PROVIDENCE WASHINGTON INSURANCE CO. 



331 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 



Gross assets,* 



$12,791 78 
632,935 00 

!,642,435 14 



Assets not admitted. 



Agents' balances over three ihonths due, 
Bills receivable (past due), 
Total unadmitted assets, . 

Total admitted assets, 



$1,065 43 
770 84 



1,836 27 



. $ 2,640,598 87 



Liabilities. 

Unpaid losses, including $12,796.73 resisted, $493,839.38; 

less reinsurance, $124,793.13, 

Unearned premiums on outstanding risks, .... 



$369,046 25 

1,506,914 92 

51,875,961 17 

500,000 00 

264,637 70 

Total liabilities, $2,640,598 87 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$764,637 70 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$234,711,902 00 
. 294,931,732 00 

$529,643,634 00 
. 239,893,358 00 

$289,750,276 00 
. 52,185,767 00 



Premiums. 

$2,637,371 65 
.2,723,876 11 

55,361,247 76 
2,278,391 66 

53,082,856 10 
469,118 28 



$237,564,509 00 $2,613,737 82 



. $8,333,735 00 
. 104,110,295 00 

$112,444,030 00 
. 105,465,584 00 

. $6,978,446 00 
931,179 00 



$307,880 60 
559,949 50 

$867,830 10 
601,242 98 

$266,587 12 
40,855 16 



1,047,267 00 $225,731 96 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



$46,524,841 00 
. 27,512,397 00 
. 1,298,427 00 



* Including $100,000 special reserve held under Rhode Island law 



332 



PROVIDENCE WASHINGTON INSURANCE CO. 



Marine and inland losses incurred during the year, . . $279,530 00 

Cash dividends declared from organization of company, . 2,505,563 00 

Dividends declared during the year (10 per cent.), . . 50,000 00 

Company's stock owned by directors, 38,100 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States government bonds, 
Commonwealth of Massachusetts bonds, . 
City of Pawtucket sewer bonds, 
City of Pawtucket school bonds, 
City of Ft Wayne refunding bonds, 
City of Indianapolis park improvement b'ds, 
City of Indianapolis refunding bonds, 
Boston & Providence R.R. Co. bonds, 
Boston & Maine R.R. Co. bonds, 
Boston & Lowell R.R. Co. bonds, 
Lake Shore & Mich. Southern deb. bonds, 
Lehigh Valley R.R. Co. bonds, . 
Northern Pacific & Gt. Northern bonds, . 
Old Colony R.R. Co. bonds, . 
American Tel. & Telegraph Co. bonds, . 
Buffalo Traction Co. bonds, 
Cleveland Electric R'y Co. bonds, . 
Columbus & Ninth Ave. R.R. Co. bonds, . 
Columbus Street R'y Co. bonds, 
United Traction & Electric Co. bonds, 
United Electric Light & Power Co. bonds, 
West End Street Railway Co. bonds, 

25 shares Central Trust Co., New York, 
300 " Fourth National Bank, N. Y., 
375 " National Bank of Com., N. Y., 
300 " National Park Bank, N. Y., . 
1,100 " Blackstone Canal N'l B'k, Prov,, 
400 " Chicago & Northw. R'y Co., 
100 " Chicago & Northwestern R'y Co. 
200 " CI., C , C. & St. Louis R.R. Co., 
200 " Illinois Central R.R. Co., . 
200 " Manhattan R'y Co., 
300 " N. Y. Central & Hud. R. R.R. Co. 
660 " N. Y., N. H. & Hart. R.R. Co., 
600 " Northern Securities Co., 
200 " Old Colony R.R. Co., . 
1,734 " Pennsylvania R.R. Co., 
300 " Pitts., Ft. Wayne & Chic. R'y Co. 
200 " Rome, Watert. & Ogd. R.R. Co., 
50 " Fall River Gas Works Co , 
300 " General Electric Co., . 
650 " Providence Gas Co., 
375 " Providence Telephone Co., 
150 " Temple Iron Co., . 
1,500 " What Cheer Corporation, 



Book Value. 

$40,000 00 
88,000 00 
25,000 00 
40,000 00 
25,000 00 
25,000 00 
20,000 00 

100,000 00 
25,000 00 
10,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
50,000 00 
20,000 00 
30,000 00 
2,500 00 
30,000 00 
37,500 00 
30,000 00 
27,500 00 
40,000 00 
10,000 00 
20,000 00 
20,000 00 
20,000 00 
30,000 00 
66,000 00 
60,000 00 
20,000 00 
86,700 00 
30,000 00 
20,000 00 
5,000 00 
30,000 00 
32,500 00 
18,750 00 
15,000 00 

200,000 00 



00 
00 
00 
00 
00 



Market Value. 

$41,800 00 
93,180 00 
26,000 00 
41,600 00 
23,750 00 
26,750 00 
19,800 00 

105,000 00 
29,500 00 
10,400 00 
25,250 
27,750 
50,000 
26,330 
24,250 
21,600 00 
10,200 00 
12,000 00 
10,900 00 
55,000 00 
19,000 00 
30,770 00 
50,000 00 
66,000 00 
86,250 00 

142,500 00 
34,100 00 
94,000 00 
20,800 00 
23,000 00 
31,400 00 
33,000 00 
42,900 00 

130,680 00 
66,000 00 
41,000 00 

120,500 
54,900 
26,800 
11,500 
56,100 00 
65,000 00 
40,125 00 
15,000 00 

200,000 00 



00 
00 
00 
00 



$1,549,450 00 $2,182,385 00 



QUEEN INSURANCE CO. OF AMERICA. 333 



"QUEEN INSURANCE COMPANY OF AMERICA," 
NEW YORK, N. Y. 

[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.] 

Paid-up Capital, $1,000,000. 

EDWARD F. BEDDALL, President. NEVETT S. BARTOW, Secretary. 

Home Office, 43 Cedar Street. 

Income. 

Net fire premiums, $3,344,964 16 

Interest on mortgage loans, $2,890 ; stocks and bonds, $201,- 

508.10; allother, |5,728.16, 210,126 26 

Rents, 1,759 78 

Profit on sale or maturity of ledger assets, .... 59,157 09 

Total income, $3,616,007 29 

Ledger assets, Dec. 31, 1903, plus increase of capital $500,000, 6,594,210 83 

Total, $10,210,218 12 

Disbursements. 

Net amount paid for fire losses, $2,357,835 81 

Interest and dividends to stockholders, 600,000 00 

Commissions or brokerage, 591,595 62 

Salaries, fees, etc., of officers and employees, .... 233,382 25 

Rents 27,421 59 

Repairs and expenses on real estate, 210 19 

Taxes and fees, 76,722 57 

Loss on sale or maturity of ledger assets, .... 14,572 49 

All other disbursements, 170,242 50 

Total disbursements, $4,071,983 02 

Balance, $6,138,235 10 

Ledger Assets. 

Mortgages, $71,000 00 

Stocks and bonds (Schedule A), 5,432,360 05 

Cash in banks and office, 213,840 19 

Agents' balances, 421,034 86 

Total ledger assets, $6,138,235 10 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,368.28; stocks and bonds, $67,853.84; 

other assets, $312.62, 69,534 74 

Reinsurance due on losses paid, 145 57 

Gross assets, . $6,207,915 41 



334 



QUEEN INSURANCE CO. OF AMERICA. 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less $413,099. 71 liab. thereon. 

Total unadmitted assets, - 



Total admitted assets, 



$1,884 
94.861 



90 
67 



896,746 57 
$6,111,168 84 



Liabilities. 

Unpaid losses, including $33,425 resisted, $290,319.04: less 

reinsurance, $19,095.60, $271,223 44 

Unearned premiums on outstanding risks, $2,573,827.99 ; plus 

same on disallowed reinsurance, $9,998.82, . . -2,583,826 81 

Salaries and other miscellaneous expenses, due or accrued, . 66,458 09 

Commissions and other charges due agents and brokers. . 9.702 15 

Due for return premiums, $6,779.32 ; reinsurance, $28,237.56, 35,016 88 



All liabilities, except capital and surplus, . . . 62,966,227 37 
Surplus to policy holders, .... $3,144,941 47 

Paid-up capital," 1,000,000 00 

Surplus over capital and general liabilities, .... 2.144,941 47 



Total liabilities, 



. $6,111,168 84 



Fire risks outstanding Dec. 81, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

6407,451,394 00 $4,857,420 81 
. 339,819,683 00 4,376,081 51 



Total, 

Risks expired and terminated. . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



8747.271,077 00 $9,233,502 32 
. 296,506,804 00 3,769,016 38 



6450,764,273 00 $5,464,485 94 
. 39,878,772 00 495,693 02 



$410,885,501 00 $4,968,792 92 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year. .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company. 
Dividends declared daring the year (60 per cent.), 
Company's stock owned by directors, .... 



831,760,817 00 

16,070,030 00 

2,391.181 00 

900,000 00 

500,000 00 

600,000 00 

7,000 00 



Schedule A. 
Stocks and Bo?ids owned by the Company. 



New York State Canal Improvement Loan bonds, 
State of Georgia bonds, . 

New Zealand stock 

Quebec inscribed stock, . 

Manitoba debenture bonds. 

New York City consolidated bonds, 



Book Value and 
Market Value. 

|50,000 00 

10.000 00 
49,000 CO 
24.500 00 
29,400 00 
2,000 00 



QUEEN INSURANCE CO. OF AMERICA, 



335 



City of Brooklyn Gravesend Improvement bonds, 

City of Brooklyn consolidated bonds, 

City of Brooklyn Memorial Monument bonds, 

Portland, Oregon, Water Loan bonds, 

City of Richmond, Va., bonds, .... 

City of Toronto Consolidated Loan debenture bonds, 

Montreal, Can., debenture bonds, 

Montreal, Can., sinking fund bonds, 

Ottawa, Can., sewer bonds, .... 

Halifax, N. S., stock, 

Atchison, Topeka & Santa Fe R'y bonds, 
Atlantic Coast Line R.R. bonds, 
Baltimore & Ohio R'y Co. bonds, 

Canadian Northern R'y bonds 

Central Pacific R'y bonds, .... 

Chicago, Burl. & Quincy R.R., 111. Div., bonds, 

Chic, Rock Island & Pacific R.R. bonds, . 

Chic. & Northwestern R.R. sinking fund bonds, 

Chic, St. P., M. & O. R'y bonds, 

Chesapeake & Ohio R'y bonds, 

Cin , Ind., St. Louis & Chic. R'y bonds, . 

Hocking Valley R'y bonds, .... 

Illinois Central R.R. (St. Louis Div. and Term.) bonds, 

Indiana, Illinois & Iowa R.R. bonds, 

Long Island R.R. bonds, .... 

Lake Shore & Michigan Southern R'y bonds, 

Lake Shore & Michigan Southern R'y bonds, 

Metropolitan St. R'y bonds, 

N. Y. Central & Hudson River R.R. bonds, 

New Jersey Junction R.R. bonds, . 

New York & Northern R'y bonds, . 

Norfolk & Southern R.R. bonds, 

Norfolk & Western R'y bonds, 

Northern Pacific R.R. prior lien and land grant bonds, 

Ottumwa, Cedar Falls & St. Paul R'y bonds, 

Oregon Short Line R.R. bonds, 

Pennsylvania Co. bonds, . 

Pennsylvania Co. bonds, . 

Panama R R. bonds, .... 

Sioux City & Pacific R.R. bonds, 

St. Lo., Iron Mountain & So. R'y bonds, 

Third Avenue R R. bonds, 

Union Pacific R.R. bonds, 

West Shore R.R. bonds, . 

300 shares Atlanta & Charlotte Air Line R'v Co., 

364 " Allegheny & Western R'y Co., . 

177 " Albany & Susquehanna R.R. Co., 
2,006 " Beech Creek R'y Co., . 

10 " Boston & New York Air Line R.R. Co. 

500 " Canadian Southern R'y Co., . 
1,000 " Cleveland & Pittsburgh R.R. Co., 

669 " Fort Wayne & Jackson R.R. Co., 
1,000 " Illinois Central (Leased Line) R.R. Co 

290 " Jackson, Lansing & Saginaw R.R. Co., 
1,400 " Morris & Essex R.R. Co., . 
5 " Naugatuck R.R. Co., . 

805 " New York & Harlem R.R. Co. 

300 " North Carolina R.R. Co., . 

836 " N. Y., Lackawanna & Western R'y Co., 



Book Value and 
Market Value. 


$75,000 00 


445,000 00 


5,000 00 


50,000 00 


50,000 00 


48,428 06 


34,066 66 


70,000 00 


27,900 00 


66,000 00 


12,000 00 


49,227 08 


47,997 70 


48,666 66 


25,000 00 


47,000 00 


50,000 00 


45,000 00 


130,550 00 


45,000 00 


50,000 00 


25,000 00 


23,593 75 


24,961 30 


25,000 00 


47,000 00 


49,551 04 


15,000 00 


49,772 92 


30,000 00 


10,000 00 


10,000 00 


28,857 95 


90,158 24 


6,000 00 


24,250 00 


50,000 00 


24,362 50 


16,000 00 


48,062 50 


50,000 00 


10,000 00 


50,000 00 


50,000 00 


51,000 00 


54,536 00 


43,645 04 


110,071 95 


1,090 00 


31,887 86 


96,000 00 


97.938 00 


104,750 00 


27,295 00 


100,150 10 


1,319 86 


145,238 30 


51,6(0 00 


99,163 86 



336 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



600 shares Pitts., Ft. Wayne & Chic. R'y Co., 

820 " Pitts., Mckees. & Yough. Pv.R. Co., 

550 " Rensselaer & Saratoga R.R. Co., . 

1,000 " Rome, Watertown & Og. R.R. Co. 

380 " St. Louis Bridge Company, . 

1,000 " Syracuse, Geneva & Corning R'y Co., 

543 " United N. J. R.R. & Canal Co., . 

812 " Warren R.R. Co. 

350 " Buffalo, Rochester & Pittsburgh R'y Co 

260 " Chic, Mil. & St Paul R'y Co , . 

350 " Chicago & Eastern Illinois R.R. Co., 

375 " Chicago & Northwestern R'y Co., 

284 " Chic. St. Paul, Minn. & Omaha R'y Co 

400 " The Farmers' Loan & Trust Co., . 

10 " Underwriters' Salvage Co. of N. Y., 



Book Value and 
Market Value. 

$101,313 30 

41,000 00 

99,887 50 

113,085 00 

53,109 00 

99,750 00 

125,945 55 

79,237 09 

48,778 86 

48,629 78 

48,878 77 

78,995 13 

51,157 74 

71,600 00 

1,000 00 

$5,432,360 05 



THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA;' 

PHILADELPHIA, PA. 

L " Incorporated April 21, 1841. Commenced business Aug. 9, 1844.] 

Paid-up Capital, $300,000. 

WILLIAM CHUBB, President. CHAS. J. WISTEK, Jr., Secretary. 

Home Office, 429 Walnut Street. 



Income. 



Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $6,680.75 ; stocks and bonds 

070.41, ... 

Rents, including company's own occupancy, . 

Profit on sale or maturity of ledger assets, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1903, 

Total, 



$31, 



£600,104 68 
4,828 04 

37.751 16 

7,171 42 

1.013 59 

797 30 

$651,666 19 
1,162,000 63 

. $1,813,666 82 



Disbursements. 

Net amount paid for fire losses, 

Deposit premiums returned, . 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupanc}', .... 

Repairs and expenses on real estate, 

Real estate taxes, $1,654.50 ; other taxes and fees, $15,9/0.06, 
All other disbursements, 



Total disbursements, 
Balance, 



$440,697 62 

12,403 90 

18,000 00 

155,790 83 

34.701 84 

2,000 00 

2,258 81 

17,624 56 

40,764 44 

. £724,242 00 

. $1,089,424 82 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



337 



Ledger Assets. 

Real estate, $113,860.65 ; mortgages, $ 145,660, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 



$259,520 65 

667,409 50 

64,537 92 

97,956 75 

$1,089,424 82 



Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 

All other, 



Gross assets, 



1,549 82 

564 93 

38,330 50 

1,190 00 

$1,131,060 07 



Assets not admitted. 

Company's stock owned, 

Depreciation in book value of real estate, 

Total unadmitted assets, .... 

Total admitted assets, .... 



$1,620 00 
2,360 65 



3,980 65 



,127,079 42 



Liabilities. 

Unpaid losses, including $3,770.98 resisted, $66,832.58 ; less 

reinsurance, $8,026.62, f 58,805 96 

Unearned premiums on outstanding risks, $491,423.45 ; plus 

same on disallowed reinsurance, $1,777.39, . . . . 493,200 84 

Reclaimable on perpetual fire policies, 129,220 92 

Commissions and other charges due agents and brokers, . 10,941 66 

All liabilities, except capital and surplus, . . $692,169 38 
Surplus to policy holders, .... $434,910 04 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities, .... 134,910 04 

Total liabilities, $1,127,079 42 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $80,755,223 00 

. 62,358,621 00 

$143,113,844 00 

. 57,744,154 00 

. $85,369,690 00 

. 7,735,879 00 

.$77,633,811 00 



Perpetual risks in force (not included above), . $5,147,390 00 



Premiums. 

$964,681 39 
785,427 82 

1,750,109 21 
711,740 05 

1,038,369 16 
99,175 25 

$939,193 91 
$141,931 06 



338 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, . 



$7,395,979 

4,550,653 

435,802 

1,010,597 

18,000 

44,500 



00 
00 
00 
00 
00 
00 



Schedule A. 
Stocks and Bonds owned by the Company. 



City of Pittsburgh, Pa., bonds, 
City of Wilmington, Del., bonds, 
City of Wilmington, Del., bonds, 
City of Chester, Pa , bonds, 
South Bethlehem, Pa., bonds, . 
Atlantic City, N J., bonds, 
New Castle County, Del., bonds, 
United Companv of N. J. bonds, 
Lehigh Valley K.R. Co. bonds, . 
Easton & Amboy R.R. Co. bonds, 
North Pennsylvania R R. Co. bonds. 
Louisville & Nashville R.R. Co. bonds, . 
Philadelphia & Erie R.R. Co. bonds, 
Phila. & Baltimore Central R.R. Co. bonds, 
Pennsylvania R.R. Co. bonds, . 
Steubenville & Indiana R.R. Co. bonds, . 
Camden & Atlantic R.R. Co. bonds, . 
Pennsylvania & New York Canal Co. bonds, 
Allentown Terminal R.R. Co. bonds, 
Philadelphia & Reading R.R. Co bonds, 
Delaware River Ferry Co. bonds,. . 
Philadelphia Traction Co. bonds, 
People's Passenger R'y Co. bonds, . 
Pennsylvania & New York Canal Co. bonds, 
Second Ave. Traction Co., Pitts., Pa., bonds, 
Hunt. & Broad Top Mt R.R. & Coal Co. b'ds 
Omaha Water Co., Omaha, Neb., bonds, . 
United Traction Co. of Pittsburg bonds, . 
Philadelphia & Erie R.R. Co. bonds, 
West Jersey & Seashore R R. Co. bonds, 
Susquehanna Coal Co. bonds, . 
100 shares Commercial Xat'l Bank, Phila., 
27 " Reliance Ins. Co., Philadelphia, 
Western Pennsylvania R.R Co. bonds, . 
Allegheny Valley R'y Co. bonds, 
Erie & Pittsburgh R.R. Co. bonds, . 
Allegheny Valley R'y Co. bonds, 
Lehigh Vallev R.R. Co. bonds,. 
Pitts., Cin., Chic. & St. Louis R'y Co. bonds, 
34 shares Omaha Water Co., 
Pennsylvania R.R. Co. bonds, . 
Electric & People's Traction bonds, 
Western N. Y. & Penn. R.R. Co. bonds, . 
West Chester (X Y ) Lighting Co. bonds, 
N. Y., Phila. & Norfolk R.R. Co. bonds, . 
Reading Co Jersey Central bonds, . 



Book Value. 

f 18,000 00 
10,100 00 
10,000 00 

5,000 00 

4,000 

5,000 

5,000 

5,000 
25,000 
20,000 00 

5,000 00 

7,000 
25,000 
10,000 

4,000 
20,000 00 
30,000 00 
10,000 00 
15,000 00 
14,000 

6,000 

5,000 
10,000 
20,000 00 
15,000 00 
10,000 
10,000 
10,000 

5,000 

5,000 

5,000 

1,200 

1,350 
10,000 00 
10,000 00 
10,000 00 
10,000 00 

5,000 00 
36,000 00 

1,700 00 
10,000 00 

9,875 00 

5,000 00 
10,000 00 

5,100 00 

9,500 00 



00 
00 
CO 
00 
00 



CO 
00 
00 
00 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

f 19,080 00 
11,000 
10,300 

5,200 

4,120 

5,100 

5,150 

5,350 
26,500 
22,600 

5,400 

8,050 
28.750 
10,600 

4,600 
21,800 
32.400 00 
11,500 00 
15,6C0 00 
15,320 00 

6,300 00 

5,300 00 
10,500 00 
20,200 00 
17,400 00 
10,600 00 

9,000 00 
11,600 

5,250 

5,250 

5,600 
500 

1,620 
10,500 
10,500 00 

9,800 00 
11,600 

5,550 

34.200 

850 

10,200 

10,100 

5,950 
11,100 

5,150 

9,900 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



339 



Erie R.R. Co. bonds, 

Read Co. & Phil. & Read. C'l & I'n Co. bonds, 
Pennsylvania Co bonds, .... 
Northern Pacific R'y Co. bonds, 
Northern Pacific-Great Northern joint bond, 
Atlantic Coast Line bonds, 
Baltimore & Ohio bonds, .... 
Central R.R Co. of New Jersey bonds, . 
Erie Railroad Co. bonds, .... 
Denver & Rio Grande R R. Co. bonds, 
Chesapeake & Ohio R.R. Co, bonds, 
Missouri & Pacific R.R. Co. bonds, . 
Atchison, Topeka & Santa Fe R.R. Co. bonds, 
N. Y. Central & Hudson River R.R. Co. bonds, 



Book Value. 

514,932 00 
14,356 25 
29,075 00 
11,056 25 
19,221 25 
14,156 
18,587 

9,775 

4,206 

9,887 
10,000 
15,000 00 
10,000 00 

4,531 25 



25 
50 
00 
25 
50 
00 



Market Value. 

$15,300 00 
15,450 00 
29,400 00 
11,400 00 
20,200 00 
15,150 00 
19,200 00 
10,000 00 

4,650 00 
10,200 00 
10,800 00 
16,200 00 
10,300 00 

4,550 00 



$667,409 50 $705,740 00 



"RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY,' 1 

PROVIDENCE, R. I. - 

[Incorporated 1848. Commenced business 1848.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Home Office, 10 Weybpsset Street. 

Income. 

Net premiums, $617,981 80 

Interest on stocks and bonds, $27,166.39 ; all other, $2,718.51, 29,884 90 

Premiums paid in advance, 50 00 

Total income, . $647,916 70 

Ledger assets, Dec. 31, 1903, 650,737 59 

Total $1,298,654 29 

Disbursements. 

Net amount paid for losses, $48,245 32 

Profits on terminated policies, 507,728 03 

Salaries, fees, etc., of officers and employees, .... 11,914 52 

Rents 1,073 48 

Taxes and fees, 11,209 83 

Inspections, 8,633 79 

All other disbursements, 2,620 31 

Total disbursements, $591,425 28 

Balance, $707,229 01 



Ledger Assets. 



Stocks and bonds (Schedule A), 
Cash in banks, .... 
Premiums in course of collection, 



$640,856 41 
54,941 83 
11,430 77 



Total ledger assets, $707,229 01 



340 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On bonds, $ 166. 67; other assets, $6,875.84, . 
Market value of stocks and bonds over book value, 

Gross assets, 



$7,042 51 
165,888 59 



,160 11 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes accrued, 

All liabilities, except surplus, . 
Surplus, 



$1,935 23 

304,170 26 

9,495 59 

$315,601 08 

564,559 03 



Total liabilities, 



,160 11 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $67,275,841 00 $ 548,844 53 $2,744,222 65 

Risks written during 1904, . 80,690,355 00 646,389 54 3,231,947 75 



Total, .... $147,966,196 00 $1,195,234 07 $5,976,170 40 
Risks expired and terminated, . 72,324,632 00 586,893 55 2,934,467 75 



In force at end of year, 



'5,641,564= 00 $608,340 52 $3,041,702 65 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 90.92 per cent. 



$46,359 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, 

250 shares Providence & Worcester R R., 

300 " Illinois Central R.R., . 

200 " Rome, Watertown & Og. R.R., 

1,900 " Pennsylvania R.R , 

500 " N. Y., N. H. & Hart. R.R., . 

220 " Chic, Burl. & Quincy R.R., . 

100 " N. Y., Lack. & Western R.R., 

150 " Pitts., Ft. Wayne & Chicago R.R. 

200 " Chic, Mil. & St Paul R.R., . 

100 " CI., Cin., Chic. & St Louis R.R., 

115 " N. Y. Cent. & Hudson R. R.R., 

100 " Nat'l Bank of Commerce, Prov , 

50 " Nat'l Bank of No. America, Prov. 

140 " American National Bank, Prov., 

200 " Merchants' National Bank, Prov. 

300 " Northern Securities Co., 

100 " Manhattan R'y Co., 



Book Value. 

$25,000 00 

56,000 00 

32,525 

20,650 
118,412 

86,665 

16,000 

12,2C0 

25,359 

36,425 

10,162 

14,962 50 

5,000 00 

100 00 

5,400 00 

10,000 00 

24.971 88 

14,100 00 



28 
00 
43 
00 
00 
00 
00 
00 
50 



Market Value. 



$32,750 00 
72,000 00 
46,950 
27,600 
131,100 
99,250 
49,720 
13,700 
27,750 
36,900 00 
11,400 00 
16,330 

5,500 

4,250 

8,820 
16,700 
39,675 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



16,500 00 



ROCHESTER GERMAN INSURANCE CO. 



341 



100 shares Delaware & Hudson Co., 
100 " Baltimore & Ohio R.R., . 
400 " Chicago & Northwestern R.R., 
400 " Union Pacific R.R , . 



Book Value. 

$16,162 50 

9,212 50 

65,971 25 

35,576 57 



Market Value. 

$18,500 00 

9,550 00 

82,800 00 

39,000 00 



$640,856 41 1806,745 00 



"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER, 
NEW YORK," ROCHESTER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, $200,000. 

FREDERICK COOK, President. H. F. ATWOOD, Secretary. 

Home Office, Corner Irving Place and Main Street, West. 

Income. 

Net fire premiums, f 1,107,457 51 

Interest on mortgage loans, f 18,992. 13; stocks and bonds, 

$27,257.83; all other, $ 3,965. 76 • 50,215 72 

Rents 9,916 82 

Profit on sale or maturity of ledger assets, .... 18,112 39 
From all other sources, 20,000 00 



Total income, $1,205,702 44 

Ledger assets, Dec. 31, 1903 1,562,879 64 



Total, . 



. 12,768,582 08 



DISBURSEMENTS. 



Net amount paid for fire losses, f847,218 07 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 287,746 82 

Salaries, fees, etc., of officers and employees, .... 35,074 33 

Repairs and expenses on real estate, 7,599 46 

Real estate taxes, $4,172.62; other taxes and fees, $24,874.18, 29,046 80 

Loss on sale or maturity of ledger assets, .... 2,297 76 

All other disbursements, 74,838 99 

Total disbursements, $1,303,822 23 

Balance, $ 1,464,759 85 



Ledger Assets. 

Real estate, $376,547.26 ; mortgages, $341,003.35, . 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 



Total ledger assets, 



$717,550 61 
405,404 05 
198,565 15 
143,240 04 

$1,464,759 85 



Non-Ledgek Assets. 

Interest due and accrued : — 
On mortgages, $6,829.09 ; stocks and bonds, $4,774.99, 
Market value of stocks and bonds over book value, 



11,604 08 
39,385 95 



Gross assets, 



,515,749 88 



342 



ROCHESTER GERMAN INSURANCE CO. 



Liabilities. 

Unpaid losses, including $11,410.88 resisted, $99,004.81 ; less 
reinsurance, $19,271.35, 

Unearned premiums on outstanding risks, $842,190.40; plus 
same on disallowed reinsurance, $11,116.61, 

Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$580,466 15 



$79,733 46 

853,307 01 
2,243 26 

$935,283 73 

200,000 00 
380,466 15 

$1,515,749 88 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$133,890,251 00 
. 123,563,963 00 

$257,454,214 00 
. 107,296,866 00 

$150,157,348 00 
. 19,598,116 00 



Premiums. 

$1,664,577 73 
1,654,267 65 

$3,318,845 38 
1,431,046 95 

$1,887,798 43 
280,101 93 



$130,559,232 00 $1,607,696 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent ), 
Company's stock owned by directors, .... 



$12,906,734 00 
7,226,882 00 
850,163 00 
589,000 00 
25,000 00 
20,000 00 
34,100 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

Rochester R'y & Light Co. bonds, . . . $41,769 44 

Rochester Gas & Electric Co. bonds, . . 42,325 00 

Rochester Telephone Co. bonds, . . . 24,802 36 

Toledo, St. Louis & Western R R. bonds, . 41,000 00 

Santa Fe, Prescott & Phoenix R.R. bonds, . 26,427 09 

St Louis, Iron Mt. & Southern R.R. bonds, . 21,375 00 

Southern R'y bonds, 21,225 00 

Nashville, Chatta. & St. Louis R.R. bonds, . 10,275 00 

Georgia State bonds 12,000 00 

Virginia State bonds 9,750 00 

200 shares German-Amer. B'k of Rochester, . 35,000 00 

100 " ^Etna Indem. Co. of Hart., Conn., . 10,000 00 

250 " StrombV-Carlson Telep. Mfg. Co., 25,505 50 

85 " Stromb'g-Carlson Telep. Mfg. Co., 8,516 66 

500 " Eastman Kodak Co., . . . 51,433 00 

400 " Pennsylvania R.R. Co., . . . 24,000 00 



Market Value. 

$47,500 00 
41,200 00 
25,270 00 
41,500 00 
27,500 00 
24,000 00 
24,200 00 
lf,600 00 
11,400 00 
9,800 00 
52,000 00 
10,000 00 
27,500 00 
11,220 00 
52,500 00 
27,600 00 



$405,404 05 $444,790 00 



SECURITY INSURANCE CO. OF NEW HAVEN. 



343 



"SECURITY INSURANCE COMPANY OF NEW HAVEN," 
NEW HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 
Paid-up Capital, $400,000. 
CHAS. S. LEETE, President. H. C. FULLER, Secretary. 

Home Office, 37 Center Street. 

Income. 

Net fire premiums, |890,905.14; marine, $21,724.94, . . $912,630 08 
Interest on mortgage loans, $7,788.62 ; collaterals, $4,160.41 ; 

stocks and bonds, $42,818.02; all other, $246.70, . . 55,013 75 

Rents, including company's own occupancy, .... 3,655 00 

Profit on sale or maturity of ledger assets, .... 12,360 38 

Total income, $983,659 21 

Ledger assets, Dec. 31, 1903, 1,380,947 17 



Total, $2,364,606 38 

Disbursements. 

Net amount paid for fire losses, $417,155.59 ; marine, $14,- 

302.41 $431,458 00 

Interest and dividends to stockholders, 32,000 00 

Commissions or brokerage, 213,089 11 

Salaries, fees, etc., of officers and employees, .... 123,888 59 

Rents, including company's own occupancy, .... 2,000 00 

Repairs and expenses on real estate, 1,144 90 

Real estate taxes, $1,189.38; other taxes and fees, $25,703.82, 26,893 20 

Loss on sale or maturity of ledger assets, .... 6,937 72 

Profit and loss, 183 64 

Total disbursements, $837,595 16 

Balance $1,527,011 22 



Ledger Assets. 

Real estate, $70,920.31; mortgages, $148,138.78, . . . $219,059 09 

Loans secured by collateral (Schedule A), . . . 34,000 00 

Stocks and bonds (Schedule B), 1,064,981 26 

Cash in banks and office, 68,651 43 

Agents' balances, 121,715 53 

Bills receivable, 17,967 32 

All other ledger assets, 636 59 

Total ledger assets, $1,527,011 22 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $1,341.76 ; stocks and bonds, $5,940.62 ; col- 
lateral loans, $156.73, 7,439 11 

Market value of stocks and bonds over book value, . . 82,676 74 



Gross assets, 



$1,617,127 07 



344 



SECURITY INSURANCE CO. OF NEW HAVEN. 



Assets not admitted. 



Agents 1 balances over three months due, 
Bills receivable, past due, 
Depreciation in book value of real estate, 
Total unadmitted assets, . 

Total admitted assets, 



$4,059 57 

2,927 32 

12,720 31 



$19,707 20 
$1,597,419 87 



Liabilities. 

Unpaid losses, including $3,750 resisted, $118,377.63; less 

reinsurance, $20,905.21 . . $97,472 42 

Unearned premiums on outstanding risks, $816,625.88; plus 

same on disallowed reinsurance, $203.67, .... 816,829 55 

Due for reinsurance premiums, 1,046 03 

All liabilities, except capital and surplus, . . . $915,348 00 

Surplus to policy holders $682,071 87 

Paid-up capital 400,000 00 

Surplus over capital and general liabilities, .... 282,071 87 

Total liabilities, $1,597,419 87 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$140,506,410 00 
. 100,895,456 00 

$241,401,866 00 
. 87,791,723 00 

$153,610,143 00 
. 16,104,286 00 



Premiums. 

$1,569,478 68 

1,228,928 78 

$2,798,407 46 

1,084,391 83 

$1,714,015 63 

199,686 26 



$137,505,857 00 $1,514,329 37 



$342,964 00 
2,819,323 00 



^3,162,287 00 
2,895,676 00 

$266,611 00 
57,546 00 



,537 72 
26,565 56 

$43,103 28 
27,629 13 

$15,474 15 
2,291 08 



$209,065 00 $13,183 07 



Miscellaneous. 

Premiums received from organization of compan} T , 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine losses incurred during the year, . 
Cash dividends declared from organization of company 
Stock dividends declared from organization of company 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, 



$14,889,516 00 

9,362,665 00 

426,368 00 

16,029 00 

612,281 00 

50,000 00 

32,000 00 

104,080 00 



SECURITY INSURANCE CO. OF NEW HAVEN. 



345 



Schedule A. 

Securities held as Collateral. 



International Silver Co. bonds, 
600 shares Illinois Central R.R., 



Market Value. 

$5,000 00 
91,800 00 



Loaned Thereon. 

$4,000 00 
30,000 00 



Schedule B. 



$96,800 00 $34,000 00 



Slocks and Bonds owned by the Company. 



New York City bonds, .... 

New Haven, Conn., bonds, 

Meriden, Conn., bonds, .... 

Louisville & Nashville R.R. collat. trust bonds 

Atchison, Topeka & Santa Fe R.R. bonds, 

Long Island R.R. bonds, .... 

Central Pacific R.R. bonds, 

St. Louis, Iron Mt. & Southern R 1 y Co. bonds 

Minneapolis & St. Louis R R. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Southern R'y Co. bonds, .... 

Canada Southern R.R. bonds, . 

Cleve., Cin., Chic. & St. Louis R.R. bonds, 

Southern Pacific R.R. bonds, . 

Peoria & Eastern R.R. bonds, . 

Erie R R. bonds, 

Missouri Pacific R.R. bonds, 
Northern Pacific R.R. bonds, . 
Connecticut R'y & Lighting Co. bonds, . 
Dan bury & Bethel (Conn.) Horse R'y Co. b'ds 
Meriden (Conn.) Horse R.R. Co bonds, . 
Bing., Lester. & Union (N Y.) St R'y bonds 
United Railways Co. of St. Louis bonds, . 
Bridgeport (Conn.) Traction Co. bonds, . 
Third Avenue (N. Y.) R.R. bonds, . 
United Traction Co of Albany bonds, 
New Haven Street R'y Co. bonds, . 
Milford, Holliston & Fram St. R'y bonds, 
Lynn (Mass ) Belt Line St. R'y Co. bonds, 
American Tel. & Telegraph Co. bonds, . 
Michigan State Telephone Co. bonds, 
Southern New England Telephone Co. bonds 
Consolidated Gas Co (N\ Y.) bonds, 
N. Y. Gas, Elec Lt , Ht. & Power Co. bonds, 
Laclede Gas Light Co. (St. Louis) bonds, 
Newark (N\ J.) Consolidated Gas Co. bonds, 
People's Gas Light & Coke Co (Chic.) bonds 
Cleveland P^lectric Illuminating Co. bonds, 
N. Y. & Queens Elec. Lt. & Power Co. bonds 
United Illuminating Co. bonds, 
Macon (Ga ) Gas Light & Water Co. bonds, 
Columbus & Hocking Coal & Iron Co. bonds, 
International Silver Co. bonds, 

Swift & Co bonds, 

210 shares New Haven Nat'l B'k (N. Haven), 
400 " Merchants' Nat'l B'k (tf. Haven), 
200 « Yale Nat'l Bank (New Haven), 



00 
00 
50 
50 



Book Value. 

$29,512 50 
24,135 
15,173 
29,262 
22,487 
20,100 00 
17,520 00 
18,887 50 
22,063 75 

4,130 00 

9,275 00 
21,038 75 
10,193 75 

9,437 50 
10,075 00 

9,950 00 
22,150 00 

7,225 00 
19,450 00 
15,562 50 
12,310 00 
10,150 00 

9,250 00 
10,375 00 

9,875 00 
10,400 00 

5,225 00 

5,562 

3,665 
19,8-87 

9,697 

6,185 
53,031 
19,219 
15,450 
10,450 

10.600 00 
10,900 00 
10,150 00 

9,692 50 

16.601 87 
10,000 00 
10,262 50 
10,300 00 
32,936 30 
21,342 25 
24,285 50 



50 
63 
50 
50 
00 
25 
99 
00 
00 



Market Value. 

$29,200 00 
24,000 00 
15,000 00 
28,800 00 
23,250 00 
20,000 00 
17,400 00 
18,800 00 
21,680 00 

9,500 00 
11,800 00 
20,900 00 
10,000 00 

9,400 00 

9,800 00 
10,000 00 
22,700 00 

7,400 00 
19,400 00 
15,000 00 
13,200 00 
10,000 00 

8,500 00 
10,500 00 

9,600 00 
10,300 00 

5,250 00 

5,000 00 

3,500 00 
19,200 00 

9,500 00 

7,080 00 
52,800 00 
18,800 00 
15,300 00 
10,000 00 
10,500 00 
10,800 00 
10,500 00 

9,700 00 
16,000 00 

8,800 00 
10,000 00 
10,000 00 
40,740 00 
25,200 00 
26,000 00 



340 SECURITY FIRE INSURANCE CO. OF BALTIMORE CITY. 



1,883 shares N. Haven Co. N'l B'k (N. Haven), 

160 " Tradesmen's N'l B'k (N. Haven), 

133 " First Nat'l Bank (New Haven), . 

117 " Second Nat'l Bank (New Haven), 

100 " Am Ex. Nat'l Bank (N. Y.), 

514 " Southern New Eng. Tel. Co , 

400 " American Telephone & Tel. Co., 

200 " Northern R.R. of N. J., 

200 " Norfolk & Western R.R , . 

400 " Pennsylvania R.R. Co., 

200 " Illinois Central R.R., . 

120 " Delaware & Hudson Canal Co., 

100 " Cleve., Cin., C. & St. Lo. R'y Co 

100 " Twin City Rapid Transit Co., 

100 " Mobile & Ohio R.R., . 

40 " Ousatonic Water Power Co., 



Book Value. 

$24,889 85 
24,265 25 
18,088 00 
22,546 00 
11,545 77 
56,143 50 
56,843 75 
19,300 00 
15,875 00 
24,493 75 
20,974 60 
14,568 75 
9,437 50 
15,800 00 
9,175 00 
5,600 00 



Market Value. 

$30,128 00 

27,200 00 

23,940 00 

22,698 00 

27,000 00 

70,932 00 

57,600 00 

19,000 00 

18,400 00 

27,000 00 

30,600 00 

21,840 00 

11,000 00 

15,000 00 

9,000 00 

5,520 00 



$1,064,981 26 $1,147,658 00 



" SECURITY FIRE INSURANCE COMPANY OF BALTIMORE CITY," 

BALTIMORE, MD. 

[Incorporated January, 1900. Commenced business February, 1900.] 

Paid-up Capital, $200,000. 

CHARLES ADLER, President. A. PAGE BOYCE, Secretary. 

Home Office, 2 East Saratoga Street. 



Income. 



Net fire premiums, . 

Interest on bonds, 

Profit on sale or maturity of ledger 

Increase of capital, . 

Increase of surplus, . 

Total income, 
Ledger assets, Dec. 31, 1903, . 

Total, 



assets, 



$315,477 65 

7,740 66 

7,383 10 

120,000 00 

47,850 00 

$498,451 41 
314,969 03 

$813,420 44 



Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, 
Commissions or brokerage, 

Taxes and fees, 

All other disbursements, . 



Total disbursements, 
Balance, 



$256,209 56 

4,000 00 

116,880 89 

7,355 42 

6,381 69 

$390,827 56 

$422,592 88 



SECURITY FIRE INSURANCE CO. OF BALTIMORE CITY. 347 



Ledger Assets. 



Bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 



Non-Ledger Assets. 



Total ledger assets, 

Interest due on bonds, 
Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$235,738 37 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$8,370,185 00 
30,078,194 00 



,448,379 00 
. 12,840,908 00 

.$25,607,471 00 
91,900 00 



$236,160 00 
93,092 23 
93,340 65 

$422,592 88 

4,500 00 
$427,092 88 



$17,200 61 
174,153 90 

$191,354 51 

200,000 00 
35,738 37 

$427,092 88 



Premiums. 

$86,308 32 
475,762 74 

$562,071 06 
217,819 14 

$344,251 92 
1,346 17 



. $25,515,571 00 $342,905 75 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of compan}% . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (2 per cent ), . 

Company's stock owned by directors, . 

Schedule A. 

Bonds owned by the Company. 

Baltimore city bonds 

Carolina Central R.R. bonds 

Atlantic Coast Line R.R. bonds, 



$455,814 00 

285,102 00 

270,353 00 

4,000 00 

4,000 00 

123,270 00 



Hook and 
Market Value. 

$229,300 00 
4,900 00 
1.960 00 

$236,160 00 



348 SPRING GARDEN INSURANCE CO. 



"SPRING GARDEN INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.] 

Paid-up Capital, $400,000. 

CLARENCE E. PORTER, President. EDWARD L. GOFF, Secretary. 

Eome Office, 431 Walnut Street. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $12,061.94; stocks and bonds 

$45,913.59; all other, $1,406.23, 

Rents, including company's own occupancy, . 

Profit on sale or maturity of ledger assets, 

From all other sources, 

Total income, 

Ledger assets, Dec. 81, 1903, 



$920,513 06 
7,544 69 

49,381 76 

11,255 84 

46,593 65 

2,143 76 

$1,037,432 76 
1,550,981 47 



Total $2,588,414 23 

Disbursements. 

Net amount paid for fire losses, $538,902 60 

Deposit premiums returned, 19,019 32 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, . 207,745 12 

Salaries, fees, etc., of officers and employees, .... 38,454 97 

Rents, including company's own occupancy, .... 4,000 00 

Repairs and expenses on real estate, 4,980 84 

Real estate taxes, $2,249.78 ; other taxes and fees, $21,535.91, 23,785 69 

Loss on sale or maturity of ledger assets, .... 35,620 39 

All other disbursements, 66,638 70 



Total disbursements, $951,147 63 



Balance, $1,637,266 60 

Ledger Assets. 

Real estate, $198,028.14; mortgages, $38,915, . . . $236,943 14 

Stocks and bonds (Schedule A) 1,217,958 84 

Cash in banks and office, 30,885 47 

Agents' balances, 151,479 15 



Total ledger assets, $1,637,266 60 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $652.11 ; stocks and bonds, $950, . . . 1,602 11 

Market value of stocks and bonds over book value, . . 55,656 16 

Reinsurance due on losses paid, 1,158 96 



Gross assets, $1,695,683 83 



SPRING GARDEN INSURANCE CO. 



349 



Assets not admitted. 
Depreciation in book value of real estate, 



Total admitted assets, 



$45,528 14 
$1,650,155 69 



Liabilities. 



Unpaid losses, including $8,080 resisted, $106,183.11; less 

reinsurance, 822,955.55, $83,227 56 

Unearned premiums on outstanding risks, $675,661.92; plus 

same on disallowed reinsurance, $20,876.99, . . . 696,538 91 

Reclaimable on perpetual fire policies, 351,085 01 

All liabilities, except capital and surplus, . . . $1,130,851 48 
Surplus to policy holders, .... $519,304 21 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 119,304 21 

Total liabilities, $1,650,155 69 



Risks and Pkemiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$120,016,233 00 
. 114,269,569 00 

$234,285,802 00 
. 97,366,445 00 

$136,919,357 00 
. 19,773,122 00 



Premiums. 

$1,331,268 68 
1,449,583 94 

$2,780,852 62 
1,192,835 93 

$1,588,016 69 
263,383 28 



$117,146,235 00 $1,324,633 41 
Perpetual risks in force (not included above), $16,634,245 00 $384,514 90 



Miscellaneous. 

Losses paid from organization of company, . 

Fire losses incurred during the year 

Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, . . . 



56,582,688 00 

562,449 00 

2,049,215 

2C0,000 

12,000 

18,650 



00 
00 
00 

00 



Schedule A. 

Stocks and Bonds owned by the Company. 



City of New York bonds 

City of Philadelphia bonds, 
Chesapeake & Ohio R.R. Co. bonds, 
Chicago, Rock Island & Pacific R'y Co. bonds 
Choctaw, Okla. & Gulf R R. Co. bonds, . 
Choctaw, Okla. & Gulf R.R. Co. bonds, . 
Citizens' St. R'y Co of Indianapolis, Ind., b'ds 
Consolidated Gas Co. of N. Y. bonds, 
Consolidated Traction Co. of N. J. bonds, 



Book Value. 

$76,875 00 

102,250 00 

25,910 00 

46,750 00 

21,104 50 

21,500 00 

26,883 00 

12,500 00 

21,450 00 



Market Value. 

$77,625 00 
104,250 

27,125 

48,500 

21,900 

21,700 

27,000 00 

22,437 50 

21,700 00 



00 
00 
00 
00 
00 



350 



THE STAR FIRE INSURANCE CO. 



Edison Electric trust certs., 
Erie R.R. trust certs , .... 
Grand Rapids & Indiana R R. Co. bonds, 
International Naviga. Co. of N. J. bonds, 
Lehigh Valley R.R. Co bonds, 
Lehigh Valley R.R. Co. trust certs., 
Lehigh Valley Coal Co. bonds, 
Maryland Steel Co. bonds, 
Mortgage Trust Co. of Pennsylvania bonds, 
N. Y., Phila. & Norfolk R.R. bonds, 
N. Y., Phila. & Norfolk R.R. bonds, 
Norfolk & Western R'y Co. bonds, . 
Ohio & Little Kanawha R.R. bonds, 
Philadelphia Co., Pa., bonds, . 
Rochester R'y Co. bonds, .... 
St. Lo Merch. Bridge Term R'y bonds, . 
St. Louis & San Francisco R.R. Co. bonds, 
Texas & Pacific R'y Co. bonds, 
U. S. Steel Corp. sinking fund bonds, 
Western Maryland R.R. Co. bonds, . 
Wilmington & Northern R R. bonds, 
200 shares Atch , Topeka & Santa Fe R'y Co. 
600 " Consolidated Gas Co., N. Y., . 
100 " Delaware & Hudson Co., 
200 " Erie R.R. Co., .... 
100 " Fourth St. Nat'i Bank of Phila., 
100 " Illinois Central R.R. Co., 
200 " Manhattan R'y Co., N. Y., 
400 ' " Peoples' Gas Lt & Coke Co., Chic, 
5 " Underwriters' Sal. Co., N. Y.,' 



Book Value. 

$22,297 37 
25,000 00 
27,098 00 
50,212 50 
24,468 75 
25,000 00 
24,438 25 
9,018 00 
25,000 00 
15,669 75 
24,075 00 
48,250 00 
875 00 
26,645 50 
86,071 00 
10,287 50 
65,663 00 
17,616 72 
13,390 00 
22,525 00 
26,500 00 
20,750 00 

116,200 00 
18,312 50 
15,062 50 
18,085 00 
15,012 50 
25,962 50 
42,750 00 
500 00 



Market Value. 

$27,750 00 
25,500 00 
28,000 00 
44,625 00 
24,687 50 
25,500 00 
28,500 00 
9,450 00 
23,500 00 
15,525 00 
28,050 00 
49,250 00 
1,000 00 
27,500 00 
90,250 00 
11,400 00 
67,875 00 
17,340 00 
13,875 00 
22,500 00 
26,750 00 
20,200 00 

118,650 00 
18,450 00 
15,000 00 
28,500 00 
15,650 00 
32,900 00 
42,700 00 
500 00 



$1,217,958 84 $1,273,615 00 



"THE STAR FIRE INSURANCE COMPANY," LOUISVILLE, KY. 

[Incorporated July 7, 1903. Commenced business Dec. 14, 1903.] 
Paid-up Capital, $200,000. 
FLOR1AN COX, President. EDW. J. WATK1NS, Secretary. 

Home Office, Corner 4th and Main streets. 

Income. 
Net fire premiums, 



Interest on mortgage loans, $250.37 ; bonds, 
other, $610.66, 

Total income, . 
Ledger assets, Dec. 31, 1903, . 



Total, . 



Disbursements 



Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
All other disbursements, .... 



Total disbursements, . 
Balance, 



',475.95; all 



$195,951 51 

8,336 98 

$204,288 49 
250,244 99 

$454,533 48 



$63,720 80 

55,228 70 

9,964 82 

15,613 09 

$144,527 41 

$310,006 07 



THE STAR FIRE INSURANCE CO. 



351 



Ledger Assets 

Mortgages, 

Loans secured by collateral (Schedule A), 

Bonds (Schedule B), 

Cash in banks and office, .... 

Agents' balances, 

Sundry accounts, 



Total ledger assets, 

Non-Ledger Assets. 
Market value of bonds over book value, . 

Gross assets, 



Liabilities. 

Unpaid losses, including $2,000 resisted, 

Unearned premiums on outstanding risks, $87,621.41 ; plus 
same on disallowed reinsurance, $373.21, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, , 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$211,837 72 



Total liabilities, 



Risks and Premiums. 



Fire risks written during 1904, 
Risks expired and terminated, . 

Iu force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



.|16,843,666 00 
. 4,881,625 00 

.|11,962,041 00 
413,300 00 



$10,000 00 

10,000 00 

200,568 75 

64,442 99 

24,419 42 

574 91 

1310,006 07 



3,800 00 
$313,806 07 

$13,973 73 

87,994 62 

$101,968 35 

200,000 00 
11,837 72 

$313,806 07 



Premiums. 

$274,173 43 
94,013 63 

$180,159 80 
4,916 98 



.$11,548,741 00 $175,242 82 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 

Schedule A. 

Securities held as Collateral. 



Pascagoula St. R'y & Power Co. bonds, . 

Schedule B. 



Market Value. 

$22,500 00 



United States bonds, . 
City of Louisville bonds, . 



Bonds owned by the Company. 

Book Value. 

$10,568 75 
190,000 00 



$274,173 00 
63,721 00 
77,695 00 
90,300 00 



Loaned Thereon. 

$10,C00 00 



Market Value. 

$10,568 75 
193,800 00 



$200,568 75 $204,368 75 



352 STATE MUTUAL FIRE INSURANCE CO. 



"STATE MUTUAL FIRE INSURANCE COMPANY;' 
PROVIDENCE, R. I. 

[Incorporated Feb. 26, 1855. Commenced business Feb. 26, 1855.] 

JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums, $969,135 18 

Interest on stocks and bonds, $36,975.67; all other, $3,325. 77, 40,301 44 



Total income, $1,009,436 62 

Ledger assets, Dec. 31, 1903, 1,021,447 15 



Total, 12,030,883 77 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc , of officers and employees, . 

Rents, 

Taxes and fees, 

All other disbursements, 



$70,599 32 

813,989 10 

15,680 54 

4,833 42 

17,920 71 

17,989 54 



Total disbursements $941,012 63 



Balance, $1,089,871 14 

Ledger Assets. 

Stocks and bonds (Schedule A), $974,598 25 

Cash in banks and office, 96,189 87 

Premiums in course of collection, 19,083 02 



Total ledger assets, $1,089,87114 

Non-Ledger Assets. 

Interest due and accrued on bonds, 8,872 83 

Market value of stocks and bonds over book value, . . 68,335 75 



Gross assets, $1,167,079 72 

Liabilities. 

Unpaid losses $2,304 97 

Unearned premiums on outstanding risks, .... 478,851 66 

Accrued taxes, • . . . . 13,858 54 



All liabilities, except surplus, $495,015 17 

Surplus 672,064 55 

Total liabilities $1,167,079 72 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



353 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstand'g Dec. 31, 1903, $108,052,837 00 $894,980 22 $4,474,901 10 
Risks written during 1904, . 124,734,675 00 1,011,003 89 5,055,019 45 



Total, .... $232,787,512 00 f 1,905,984 11 $9,529,920 55 
Risks expired and terminated, . 115,428,545 00 948,280 80 4,741,404 00 



In force at end of year, . $117,358,967 00 $957,703 31 $4,788,516 55 

Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1904, 89.75 per cent. 



$67,348 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



City of Providence bonds, 

City of Boston bonds, .... 

448 shares Providence & Worcester R.R., 

500 " Old Colony R.R., . 

200 " Boston & Providence R.R., . 

400 " Pitts., Ft. Wayne & Chic. R.R., 

400 " Rome, Watert'n & Ogdens. R.R., 

350 " N. Y., Lacka. & Western R.R., 

700 " Cleveland & Pittsburg R.R., 

500 " Morris & Essex R.R., . 

150 " N. Y., N. H. & Hart. R.R, . 

110 " Merchants' National Bank, . 

300 " Illinois Central R.R., . 

300 " Chicago Great Western R.R., 

21 " Albany & Susquehanna R R., 

400 " Pitts., Bessemer & L. Erie R.R., 

420 " West End Street R.R., . 

1,400 " Pennsylvania R.R., 

200 " Manhattan R.R., . 

200 " Chicago & Northwestern R.R., 

200 " Union Pacific R.R., 



Book Value. 

$55,000 00 
44,000 00 

114,240 00 
92,500 00 
54,000 00 
69,400 00 
47,200 00 
42,000 00 
65,050 00 
45,750 00 
27,256 25 
5,940 00 
31,500 00 
27,000 00 
5,082 00 
30,800 00 
39,400 00 
95,267 50 
28,075 00 
36,512 50 
18,625 00 



Market Value. 

$55,000 00 
46,790 00 
129,024 00 
102,500 00 
60,400 00 
74,000 00 
55,200 00 
47,950 00 
64,750 
46,625 
29,775 
9,185 
31,350 
26,100 
4 725 
30',000 00 
39,060 00 
96,600 00 
33,000 00 
41,400 00 
19,500 00 



00 
00 
00 
00 
00 
00 
00 



$974,598 25 $1,042,934 00 



"ST. PAUL FIRE AND MARINE INSURANCE COMPANY, 1 ' 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $500,000. 

C H. BIGELOW, President. A. W. PERRY, Secretary. 

Home Office, Corner Third and Jackson streets. 

Income. 

Net fire premiums, $2,816,141.87 ; marine, $425,087.53, . $3,241,229 40 
Interest on mortgage loans, $25,544.67 ; collaterals, $1,240.39 ; 

stocks and bonds, $98,031.08; all other, $14,852.64, . . 139,668 78 



354 



>T. PAUL FIRE AND MARINE INSURANCE CO. 



Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1903, . 



$40,328 03 

77,165 00 

$3,498,391 21 

3,700,778 93 



Total, $7,199,170 14 

Disbursements. 

Net amount paid for fire losses, §1,732,4S6. 07 ; marine, §272,- 

205.78, $2,004,691 85 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 734,560 80 

Salaries, fees, etc., of officers and employees 103,766 84 

Rents, including company's own occupancy, .... 5,8* 

Repairs and expenses on real estate, 17,263 34 

Real estate taxes, 86,059.13: other taxes and fees, § 76,887. 68, . 82,946 81 

Loss on sale or maturitv of ledger assets, .... 32,111 47 

Profit and loss, . 978 79 

All other disbursements, 155,153 03 



Total disbursements, . 
Balance. 



. $3,187,272 93 



$4,011,897 21 



Ledger Assets. 

Real estate. $371,476.65; mortgages. 6610,402.13, 

Loans secured by collateral (Schedule A). 

Stocks aud bonds (Schedule B), 

Cash in banks and office, . 

Agents' balances, 

Bills receivable, not matured, . 

Reinsurance due on losses paid, 

Total ledger assets, . 



§981.878 78 

19.330 94 

2.456,997 30 

273,345 93 

261,463 93 

14.222 73 

4,657 60 

$4,011,897 21 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less 850,995.29 liab. thereon, . 
Total unadmitted assets, . 



§1,301 32 
44,404 71 



45.706 03 



Total admitted assets, 



$3,966,191 18 



Liabilities. 

Unpaid losses, including f 18,330 resisted, §253,184.13; less 

reinsurance, §19,629.21, $233,554 92 

Unearned premiums on outstanding risks, §2.183,839. 10 ; plus 

same on disallowed reinsurance. $50,005.25, . . . 2,233,844 35 



All liabilities, except capital and surplus, . . . $2,467,399 27 
Surplus to policv holders, .... 81,498,79191 

Paid-up capital,* 500,000 00 

Surplus over capital and general liabilities, .... 998,791 91 



Total liabilities, . 



. $3,966,191 18 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



355 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

Tn force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$257,684,541 00 
. 189,830,849 00 

$447,515,390 00 
. 145,870,087 00 

$301,645,303 00 
. 21,246,946 00 



Premiums. 

$3,700,589 39 
3,537,365 30 

$7,237,954 69 
2,959,974 63 

t,277,980 06 
329,464 93 



$280,398,357 00 $3,948,515 13 



. $4,987,697 00 
. 103,574,314 00 

$108,562,011 00 
. 104,255,544 00 

. $4,306,467 00 
472,690 00 



$177,024 35 
699,934 89 

$876,959 24 
728,360 43 

$148,598 81 
15,680 49 



. $3,833,777 00 $132,918 32 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent), . 

Company's stock owned by directors, . 



$39,364,904 00 

23,920,320 00 

1,727,699 00 

263,025 00 

1,746,694 00 

50,000 00 

108,300 00 



Schedule A. 
Securities held as Collateral. 



20 shares First N'l B'k, Little Falls, Minn., . 
215 " Far , Oz., Kirk & Co., St. P., Minn., 

40 " C. W. Hackett, H. Co., St. P., Minn., 
124 " St. Paul Pioneer Press, . 



Market Value. 

$2,000 00 

21,500 00 

4,000 00 

6,200 00 



Loaned Theieon. 

$2,000 CO 

10,000 00 

2,500 00 

4,830 94 



Schedule B. 

Stocks and Bonds owned by the 



Northern Pacific R'y bonds, . 

Northern Pacific & Gt. North. R'ys joint bonds, 

Chic, St. Paul, Minn. & Omaha R'y Co. bonds, 

Union Pacific R'y bonds, . 

Louisville & Nashville R.R. Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Iowa Central R.R. bonds, . 

Missouri Pacific R'y bonds, 

Missouri, Kansas & Texas R R. bonds, 



$33,700 00 $19,330 94 



Company. 

Book Value. 

$177,500 00 
99,000 00 
66,000 00 
52,500 00 
25,750 00 
45,000 00 
11,200 00 
53,000 00 
21,750 00 



Market Value. 

$179,000 00 
100,000 00 
66,500 00 
53,000 CO 
26,000 00 
45,500 00 
11,300 00 
53,500 00 
21,750 00 



356 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Missouri, Kansas & Eastern R.R. bonds, . 

Wabash R.R. Co. bonds, .... 

Chesapeake & Ohio R'y bonds, 

Missouri, Kansas & Oklahoma R'y bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

St. Louis, Iron Mt. & Southern R'y bonds, 

Fere Marquette R'y Co. bonds, 

St. Louis, Memphis & Southeast. R'y b'ds, 

Ozark & Cherokee Central R'y bonds, 

State of Georgia bonds, . 

County of Missoula, Mont., bonds, 

County of Marshall, S. D., bonds, 

County of Stanley, S. D., bonds, 

County of Morton, N. D., bonds, 

County of Roberts, S. D., bonds, 

County of Grant, N. M., bonds, 

County of Bernalilo, N. M., bonds, 

County of Beltrami, Minn., bonds, 

City of Richmond, Va., bonds, . 

City of Webster, S. D., bonds, . 

Port of Portland, Ore , bonds, . 

City of Guthrie, Okla., sewer bonds, 

City of Guthrie, Okla., water bonds, 

City of Jordan, Minn., bonds, . 

City of Baker, Ore., bonds, 

City of Aberdeen, S. D , bonds, 

City of Grand Forks, N. D., bonds, . 

City of Redwood Falls, Minn , bonds, 

City of Milbank, S. D., bonds, . 

City of Canton, S.-D , bonds, . 

City of Tracy, Minn , bonds, . 

City of Sioux Falls, S. D., water bonds, 

City of Faribault, Minn., bonds, 

City of Brookings, S. D , bonds, 

City of Aberdeen, S. D., bonds, 

City of Dalles City, Ore., bonds, 

Town of Fisher, Minn., bonds,. 

Town of Elmore, Minn., bonds, 

Town of Jo Davies, Minn., bonds, . 

Town of Kiester, Faribault Co., Minn., bonds 

Town of Seeley, Faribault Co., Minn., bonds, 

Township of Staples, Minn., bonds, . 

Village of Winnebago City, Minn., bonds, 

Village of Lakefield, Minn., bonds, . 

Village of Fulda, Minn., bonds, 

Village of Glencoe, Minn., bonds, . 

Village of Gaylord, Minn., bonds, . 

Village of Morgan, Minn., bonds, . 

Village of Hector, Minn., bonds, 

Village of Renville, Minn , bonds, , 

Village of Lanesboro, Minn., bonds, 

Village of Fulda, Minn , bonds, 

Village of Wells, Minn., warrants, . 

School Dist. No. 81, Spokane, Wash., bonds, 

Independ. sch. dist's, Vil. of Aikin, Minn., b'ds, 

Board of Edu., City of Crookston, Minn , b'ds, 

Independ. Sch. Dist. No. 8, Sibley, la., bonds, . 

Indep. Sch. Dist. No. 1, Detroit, Minn., bonds, . 

Sch. Dist. 79, Lac qui Parle Co., Minn., bonds, 

North Chicago Street R'y bonds, 



Book Value. 

$30,800 00 
47,500 00 
53,500 00 
52,000 00 
49,000 00 
47,500 00 
153,750 00 
48,312 50 
48,625 00 
10,000 00 
11,200 00 

9,180 00 
10,200 00 
12,000 00 
12,600 00 
10,350 00 
13,455 00 
16,560 00 
25,000 00 
10,300 00 
50,000 00 

3,000 00 
20,800 00 
20,000 00 
10,400 00 

4,000 

4,200 

6,300 
23,805 
16,800 
20,700 00 
56,175 00 
36,000 00 
15,450 00 
11,000 00 

5,200 

6,100 

1,500 

5,500 

9,500 
11,000 

4,000 

2,000 

8,384 

5,000 

8,800 

3,000 

6,500 

6,000 00 
10,000 00 

5,000 00 

4,000 00 

7,300 00 
55,000 00 
18,000 00 

1,000 00 

8,320 00 

5,250 00 

8,400 00 
25,000 00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
80 
00 
00 
00 
00 



Market Value. 

$30,940 00 

47,750 00 

53,750 00 

52,250 00 

49,500 00 

47,750 00 

154,500 00 

48,312 50 

48,625 00 

10,000 00 

11,200 00 

9,180 00 

10,200 00 

12,000 00 

12,600 00 

10,400 00 

13,520 00 

16,640 00 

25,000 00 

10,400 00 

50,000 00 

3,000 00 

21,000 00 

20,400 00 

10,500 00 

4,000 00 

4,240 00 

6,360 00 

24,150 00 

16,960 00 

21,000 00 

56,710 00 

36,000 00 

15,600 00 

11,000 00 

5,250 00 

6,100 00 

1,500 00 

5,665 00 

10,000 00 

11,000 00 

4,080 00 

2,000 00 

8,480 00 

5,000 00 

8,960 00 

3,000 00 

6,630 00 

6,120 00 

10,200 00 

5,100 00 

4,040 00 

7,300 00 

55,500 00 

18,000 00 

1,000 

8,400 

5,300 

8,400 



00 
00 
00 
00 



25,000 00 



TEUTONIA INSURANCE CO. OF NEW ORLEANS. 



357 



Minneapolis Gas Light Co. bonds, . 
Minneapolis General Electric Co. bonds, . 
St. Paul Gas Light Co. bonds, . 
St. Joseph, Mo., Lt., Ht. & Power Co. bonds, 
Helena, Mont., Light & Traction Co. bonds, 
United Electric Light & Power Co. bonds, 
320 shares First N 1 l B'k of St. Paul, Minn., 
100 « Second N'l B'k of St. Paul, Minn., 
750 " Merch. N'l B'k of St. Paul, Minn., 
197 " N'l Ger. Amer. B'k of St. P., Minn. 
200 " First N'l B'k of Minneap., Minn., 

50 " First N'l B'k of Stillwater, Minn., 

45 " First N'l B'k of Alexandria, Minn. 

60 " Amer. Exch. B'k of Duluth, Minn. 

50 " First Nat'l Bank of Duluth, Minn. 

25 " First Nat'l Bank of St. Peter, Minn. 

50 " Nat'l Bank of Montana of Helena, 
800 " Northern Securities Co., . 
100 " N. Am. Teleg. Co., Minnea., Minn. 
110 " West Pub. Co., St. Paul, Minn., 

25 " West Pub. Co., St. Paul, Minn., 

50 " Northwestern Trust Co., 



Book Value. 

154,000 00 
62,400 00 
85,910 00 
10,000 00 
25,000 00 
18,800 00 
83,200 00 
12,000 00 
108,750 00 
26,595 00 
36,000 00 
10,000 00 

6,750 00 
10,500 00 
13,250 

3,750 

7,000 
100,000 

7,500 
11,550 

6,875 

5,250 



00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$43,200 00 

63,000 00 

86,820 00 

10,200 00 

26,250 00 

18,800 00 

84,800 00 

12,500 00 

108,750 00 

27,580 00 

37,000 00 

10,000 00 

6,975 00 

10,800 00 

13,500 00 

3,875 00 

7,500 00 

105,600 00 

8,000 00 

11,660 00 

7,500 00 

5,500 00 



$2,456,997 30 $2,473,822 50 



"ffEUTONIA INSURANCE COMPANY OF NEW ORLEANS," 

NEW ORLEANS, LA. 

[Incorporated April 12, 1871. Commenced business June 1, 1871.] 

Paid-up Capital, $250,000. 

ALBERT P. NOLL, President. FRANK LANGBEHN, Secretanj. 

Home Office, 217 Gamp Street. 

Income. 

Net fire premiums, $650,157.01; marine, $21,290.15, . . $671,447 16 
Interest on stocks and bonds, $20,711.79 ; all other, $237.05, 20,948 84 
From all other sources, 4,012 39 



Total income, $696,408 39 

Ledger assets, Dec. 31, 1903, 794,790 10 



Total, $1,491,198 49 

Disbursements. 

Net amount paid for fire losses, $433,911.26; marine, $4,- 

508.45, $438,419 71 

Interest and dividends to stockholders, 25,125 00 

Commissions or brokerage, 135,988 42 

Salaries, fees, etc., of officers and employees, .... 25,037 41 

Real estate taxes, $880 ; other taxes and fees, $7,493.62, . 8,373 62 

Loss on sale or maturity of ledger assets, .... 4,690 00 

All other disbursements, 56,458 44 

Total disbursements, $694,092 60 

Balance, $797,105 89 



358 



TEUTONIA INSURANCE CO. OF NEW ORLEANS. 



Ledger Assets. 



Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 



Total ledger assets, . 



$40,000 00 

582,057 50 

88,928 05 

86,120 34 

$797,105 89 



Non-Ledger Assets. 
Market value of stocks and bonds over book value, 

Gross assets, 



10,667 50 
7,773 39 



Liabilities. 

Unpaid losses, including $3,500 resisted, .... 

Unearned premiums on outstanding risks, $400,024. 31 ; plus 
same on disallowed reinsurance, $5,130.72, . 

Dividends due stockholders, 

Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 
Paid-up capital, ...... 

Surplus over capital and general liabilities, . 



$330,875 16 



$55,738 20 

405,155 03 

13,005 00 

3,000 00 

$476,898 23 

250,du0 00 
80,875 16 



Total liabilities, $807,773 39 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1904, 
Risks expired and terminated, . 



. $55,641,482 00 
. 56,690,641 00 

$112,332,123 00 
. 50,924,609 00 

. $61,407,514 00 
. 4,814,002 00 



Premiums. 

$781,372 89 
910,320 40 

11,691,693 29 
816,076 81 

$875,616 48 
105,698 03 



.$56,593,512 00 $769,918 45 



. $4,922,942 00 
. 4,922,942 00 



$24,618 71 
24,618 71 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$11,384,777 00 

5,213,476 00 

437,029 00 

4,508 00 

718,892 00 

25,000 00 

72,100 00 



traders' INSURANCE CO. 



359 



Schedule A. 

Stocks and Bonds owned by the Company. 



New Orleans city bonds, . 
Louisiana State bonds, 
United States bonds, . 
Pontchartrain levee bonds, 
New Orleans city bond, . 
100 shares Canal B'k & Tr. Co 



of N. Orleans, 



25 
30 
50 
15 

150 



Germania Nat'l Bank, New Orleans, 
Hibernian B'k & Tr. Co., N. Orleans, 
Teutonia B'k & Tr. Co , N. Orleans, 
Prov. Sav. B'k & Tr. Co., N. Orleans, 
Illinois Central R.R., 



Book Value. 

$275,000 00 

106,597 50 

67,125 00 

25,800 00 

44,200 00 

18,000 00 

3,960 00 

13,200 00 

6,500 00 

2,025 00 

19,650 00 



Market Value. 

$275,000 00 

106,000 00 

65,500 00 

25,200 00 

46,400 00 

20,800 00 

6,500 00 

15,450 00 

6,000 00 

2,325 00 

23,550 00 



$582,057 50 $592,725 00 



"TRADERS' INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated February, 1865. Commenced business May, 1872.] 

Paid-up Capital, $500,000. 

THIES J. LEFENS, President. S. A. ROTHERMEL, Secretary. 

Home Office, 160 La Salle Street. 

Income. 

Net tire premiums, $1,521,613 99 

Interest on mortgage loans, $10,743.80; stocks and bonds, 

$90,953.91; all other, $3,718.34, 105,416 05 

Rents 2,330 00 

Profit on sale or maturity of ledger assets, .... 4,568 50 



Total income, $1,633,928 54 

Ledger assets, Dec. 31, 1903, 2,788,048 62 



Total, $4,421,977 16 



Disbursements. 

Net amount paid for fire losses, $952,819 36 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 361,382 45 

Salaries, fees, etc., of officers and employees, .... 92,565 40 

Rents, 7,610 00 

Repairs and expenses on real estate, 933 96 

Real estate taxes, $299.21 ; other taxes and fees, $50,596.94, 50,896 15 

Profit and loss 769 92 

All other disbursements, 56,812 46 

Total disbursements, $1,573,789 70 

Balance, $2,848,187 46 



360 



TRADERS INSURANCE CO. 



Ledger Assets. 

Real estate, $25,399.84; mortgages, $249,966.67, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Office premiums in course of collection, . 

Total ledger assets, 



$275,366 51 

2,173,664 60 

174,194 29 

212,944 70 

12,017 36 

$2,848,187 46 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $5,902.85 ; stocks and bonds, $4,191.97, 
Rents accrued on company's property, . 



10,094 82 
40 50 



Gross assets, 



1,858,322 78 



Assets not admitted. 

Agents' balances over three months due, . $2,885 10 

Special deposits less $40,974.49 liab. thereon, 48,419 51 

Depreciation in book value of stocks and bonds, 593 70 

Total unadmitted assets, .... 

Total admitted assets, 



51,898 31 



1,806,424 47 



Liabilities. 

Unpaid losses, including $4,200 resisted, $164,367.69; less 

reinsurance, $32,426.46, . . . . . . . $131,941 23 

Unearned premiums on outstanding risks, $1,174,719.91; 

plus same on disallowed reinsurance, $10,129.65, . . 1,184,849 56 

Commissions and other charges due agents and brokers, . 3,718 02 



All liabilities, except capital and surplus, . . . $1,320,508 81 
Surplus to policy holders, .... $1,485,915 66 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, . . . . 985,915 66 

Total liabilities, . $2,806,424 47 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$175,121,274 00 $2,248,980 55 
. 165,590,403 00 2,215,626 52 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



$340,711,677 00 #4,464,607 07 
. 142,354,993 00 1,934,756 56 



$198,856,684 00 $2,529,850 51 
. 20,798,565 00 297,095 21 



Net amount in force, . 



$177,558,119 00 $2,232,755 30 



TRADERS' INSURANCE CO. 



361 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



120,381,045 
12,232,150 
966,785 
1,622,500 
50,000 
155,300 



00 
00 
00 
00 
00 
00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, .... 

Atchison, Topeka & Santa Fe R'y bonds, 
Cass Ave. & Fair Grounds R'y bonds, 
Chicago & E. Illinois R.R. bonds, . 
Chicago & Alton R'y bonds, 
Erie R.R. bonds, . 
Lake Erie & Western R R. bonds, . 
Met. West Side Elevated R.R. bonds, 
Pennsylvania R.R. bonds, .... 
Union Pacific R R. bonds, .... 
Union Pacific R R bonds,. 

Wabash R.R. bonds, 

Wabash R.R. (Toledo & Chic. Div.) bonds, 

Wabash Pittsburg Terminal R'y bonds, . 

Central Pacific R'y bonds, 

Northern Pacific Ry bonds, 

Chic, Burl. & Quincy R.R. (Den. Ext.) bonds 

Missouri Pacific R'y bonds, 

Louisville & Nashville R.R. bonds, . 

South Side Elevated R.R. bonds, 

Richmond, Va., city bonds, 

United States of Mexico bonds, 

Atchison, Topeka & Sante Fe R'y stock, . 

Chicago, Mil. & St. Paul R'y stock, . 

Chicago, Mil. & St, Paul R'y stock, . 

Chicago & Northwestern R'y stock, 

Chicago & Northwestern R'y stock, 

Chic, St. Paul, Min. & Omaha R'y stock, 

Denver & Rio Grande R.R. stock, . 

Illinois Central R.R. stock, 

Chicago City R'y stock, .... 

North Chicago St. R.R. stock, . 

South Side Elevated R.R. stock, 

Corn Exchange National Bank stock, 

Continental National Bank stock, . 

Union National Bank stock, 

Town of Cicero warrant stock, 

West. Adjust. & Inspection Co. stock, 



Book Value. 

$65,887 50 

102,947 50 

9,925 

10,100 

42,750 

49,375 

23,515 00 

19,200 00 

7,500 00 

51,933 

105,100 

26,987 

28,575 

45,000 00 

48,500 00 

51,062 

49,000 

54,375 

22,660 

53,743 75 

26,394 00 

97,135 20 

47,500 00 

10,000 00 

68,675 00 

11,300 00 

162,400 00 

12,787 50 

99,562 50 

117,600 00 

415,850 00 

49,700 00 

89,796 00 

75,475 00 

18,000 00 

2,000 00 

976 90 

375 00 



00 
00 
00 
00 



75 

00 
50 
00 



50 
00 
00 
00 



00 
00 
00 
00 
00 
00 



Market Value. 

$63,000 00 

100,000 00 

10,000 00 

11,000 

40,500 

49,000 

23,000 

19,000 

7,125 

50,000 00 

94,000 00 

27,500 00 

28,500 00 

45,000 00 

48,500 00 

50,000 00 

49,000 00 

52,500 00 

22,000 00 

53,000 00 

26,394 00 

97,000 00 

47,500 00 

15,000 00 

86,000 00 

19,775 00 

150,000 00 

18,750 00 

115,200 00 

112,000 00 

388,245 00 

19,880 00 

90,000 00 

107,250 00 

35,700 00 

400 00 

976 90 

375 00 



$2,173,664 60 $2,173,070 90 



362 UNION INSURANCE CO. OF PHILADELPHIA. 



"UNION INSURANCE COMPANY OF PHILADELPHIA," 
PHILADELPHIA, PA. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1S03.] 
Paid-up Capital, $200,000. 
(HAS. S. HOLLINSHEAD, President. EDGAR R. DANNELS, Secretary. 

Home Office, Corner Third and Walnut streets. 

Income. 

Net fire premiums, 1330,173 33 

Deposit premiums on perpetual risks, ..... 763 00 
Interest on collaterals, $478.85 ; stocks and bonds, $13,238.75 ; 

all other, § 1,388. 91, 15,106 51 

Rents, 2,168 86 

Profit on sale or maturity of ledger assets, .... 844 38 

Paid in by stockholders, 224,647 50 



Total income, $573,703 58 

Ledger assets, Dec. 31, 1903, 506,035 31 



Total $1,079,738 89 

Disbursements. 

Net amount paid for fire losses, $281,712 15 

Dejjosit premiums returned, 4,548 93 

Interest and dividends to stockholders, 5,000 00 

Commissions or brokerage, 69,349 35 

Salaries, fees, etc., of officers and employees, .... 39,620 82 

Repairs and expenses on real estate, 2,076 67 

Real estate taxes, f 1,920 ; other taxes and fees, $10,299.92, . 12,219 92 

All other disbursements, 27,455 02 



Total disbursements, $441,982 86 

Balance, $637,756 03 

Ledger Assets. 



Real estate, 

Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), 

Cash in banks and office, .... 

Agents' balances, 

Cash in hands of manager at San Francisco, 
Fractional shares of company's stock, 



$159,076 32 

18,600 00 

370,057 32 

46,469 63 

39,416 48 

4,036 28 

100 00 



Total ledger assets, $637,756 03 

Non-Ledger Assets. 

Market value of stocks and bonds over book value, . . 38,053 68 

All other, 742 50 

Gross assets, $676,552 21 



UNION INSURANCE CO. OF PHILADELPHIA. 



363 



Assets not admitted. 



Company's stock owned, .... 
Agents 1 balances over three months due, 
Depreciation in book value of real estate, 
Total unadmitted assets, . 

Total admitted assets, 



1100 00 

188 41 

52,576 32 



$52,864 73 
$623,687 48 



Liabilities. 

Unpaid losses, $28,064.32 ; less reinsurance, $923.68, . 
Unearned premiums on outstanding risks, $243,954.63; plus 
same on disallowed reinsurance, $620.17, . 

Reclaimable on perpetual fire policies, 

Stock fractions, 



$27,140 64 

244,574 80 

27,436 18 

29 70 

$299,181 32 

200,000 00 

124,506 16 

Total liabilities, $623,687 48 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$324,506 16 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

.$44,658,436 00 $521,484 35 
. 35,048,025 00 423,434 06 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$79,706,461 00 $944,918 41 
. 35,265,591 00 441,061 22 



. $44,440,870 00 $503,857 19 
. 1,961,106 00 23,538 07 



. $42,479,764 00 $480,319 12 



Perpetual risks in force (not included above), $1,024,273 00 $30,484 64 



Miscellaneous. 

Premiums received from organization of companj 7 , 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of companj*, 
Stock dividends declared from organization of company, 
Dividends declared during the year (2.5 per cent.), 
Company's stock owned by directors, .... 



$27,146,451 00 

18,803,257 00 

256,012 00 

1,974,221 00 

15,000 00 

5,000 00 

119,900 00 



Schedule A. 

Securities held as Collateral. 



136 shares Commonwealth Title Ins. Tr. Co. 
34 " Lehigh Coal & Navigation Co., 
.50 " 13th & 15th Sts. Pass. R'y Co., 

Lehigh Coal & Navigation Co. bonds, 



Market Value. 

$40,800 00 

3,706 00 

15,337 50 

1,080 00 



Loaned Thereon. 

$6,500 00 

1,700 00 

10,000 00 

400 00 



$60,923 50 $18,600 00 



364 



UXION MUTUAL FIRE INSURANCE CO. 



Schedule B. 



Stocks and Bonds owned by the Company. 



Susquehanna Coal Co. bonds, . 
Steubenville & Ind. R.R. Co. bonds, 
Chesapeake & Del. Canal Co. bonds, 
Philadelphia & Reading R.R. Co. bonds, 
North Pennsylvania R.R. Co. bonds, 
Hestonv., Mant. & Fairrat Pass. R.R. Co 
People's Pass. R'y Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
Cin., Dayton & Ironton R.R. Co. bonds, 
Atlantic City R.R. Co. bonds, . 
Union Traction Co. bonds, 
Penn. & N. Y. Canal & R.R. Co. bonds, 
Bloomfield St. R'y Co. bonds, . 
Lynn & Boston R.R. Co. bonds, 
Camden & Sub. R'y Co. bonds, 
Perkiomen R.R. Co. bonds, 
City of Philadelphia bonds, 
County of Allegheny bonds, 
City of Reading bonds, 
100 shares Little Schuylkill R.R. Co., 



136 
68 
100 
109 
120 



North Pennsylvania R.R. Co., 
Philadelphia National Bank, 
Philadelphia Traction Co., 
13th & 15th Streets Pass. R'y Co ., 
Philadelphia & Reading R.R. Co., 



b'ds 



00 
67 
79 
00 
30 
50 



Book Value. 

$7,505 00 
15,150 
14,482 
48,342 

2,325 
11,675 
11,962 
10,397 51 

5,607 64 
11,397 50 

8,225 00 
10,812 50 
10,400 00 

4,992 07 
10,150 
13,650 
86,316 
26,500 

3,202 

3,427 

6,233 

8,346 

7,562 
24,648 

6,743 



00 
00 
25 
00 
50 
76 
77 
75 
50 
75 
56 



Market Value. 
$11,100 00 

16,050 00 

7,200 00 
50,887 50 

2,020 00 
11,600 00 
11,880 00 
10,100 00 

5,750 00 
12,320 00 
10,100 00 
11,500 00 
11,100 00 

5,450 00 
10,900 00 
14,040 00 
86,285 00 
26,500 

3,180 

6,400 
14,144 
21,420 

9,900 
33,435 

4,848 



00 
00 
00 
00 
00 
00 
75 
75 



$370,057 32 §408,111 00 



"UNION MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated May, 1863. Commenced business September, 1S63.] 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums, $31,993 71 

Interest on stocks and bonds, $ 13,262 ; all other, $395.09, . 13,657 09 

Profit on sale or maturity of ledger assets, .... 9,350 00 

Premiums paid in advance, 896 25 

Total income, $55,897 05 

Ledger assets, Dec. 31, 1903, 259,631 33 

Total, $315,528 38 



Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 



$11,471 L2 

22,460 58 

1,525 02 

4,423 00 



UNION MUTUAL FIRE INSURANCE CO. 365 

Rents, $450 00 

Taxes and fees, 758 55 

1904 premiums paid in 1903, 695 40 

All other disbursements, 530 65 

Total disbursements, $42,314 32 

Balance, $273,214 06 

Ledger Assets. 

Stocks and bonds (Schedule A), $259,304 93 

Cash in banks and office, 12,760 38 

Agents' balances, 1,148 75 

Total ledger assets, $273,214 06 

Non-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $1,905; other assets, $8.31, . . . 1,913 31 

Market value of stocks and bonds over book value, . . 83,091 07 

Gross assets $358*218 44 

Liabilities. 

Unpaid losses, $1,500 00 

Unearned premiums on outstanding risks, .... 100,367 90 

Dividends due policy holders, 976 03 

Taxes due or accrued, 629 17 

Commissions and other charges due agents and brokers, . 95 27 

Premiums paid in advance, 896 25 

All liabilities, except surplus, . . . . . . $104,464 62 

Surplus, 253,753 82 

Total liabilities, . $358,218 44 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1903, $18,569,050 00 $205,537 73 $205,537 73 

Risks written during 1904, . 3,195,268 00 33,200 65 33,200 65 

Total, $21,764,318 00 $238,738 38 $238,738 38 

Risks expired and terminated, . 3,129,944 00 33,350 25 33,350 25 

In force at end of year, . . $18,634,374 00 $205,388 13 $205,388 13 

Miscellaneous. 

Losses incurred during the year, $12,702 00 

Profits or surplus returned during 1904, 25, 40, 65 and 80 per 
cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $40,000 00 $47,000 00 

Cleveland Electric R'y Co. bonds, . . . 10,000 00 10,200 00 

United Traction & Electric Co. bonds, . . 10,000 00 11,000 00 



366 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



70 shares American National Bank, 

100 « 

120 ■ 

230 " 

300 ' 

100 " 

200 « 

200 ' 

504 ■ 

100 ' 

200 ■ 



Old National Bank, 

National Bank of Commerce, . 

Chicago & Northwestern R.R. Co. 

Illinois Central R.R. Co., 

Hereford R'y Co , . 

N. Y. Cent. & Hudson R. R.R. Co. 

N. Y., Lack. & Western R R. Co., 

Pennsylvania R.R. Co., . 

Rensselaer & Saratoga R.R. Co., 

Pitts., Bess. & L. E. K.R. Co , . 
East St. Louis & Suburban R.R. Co. bonds, 
Lake Shore & Michigan R.R. Co. bonds, . 



Book Value. 


Market Value. 


$3,500 00 


$ 4,4 10 00 


10,000 00 


10,000 00 


6,000 00 


6,600 00 


23,000 00 


47,610 00 


30,537 00 


46,800 00 


10,000 00 


10,000 00 


20,459 77 


28,400 00 


20,000 00 


27,400 00 


28,395 66 


34,776 00 


10,000 00 


20,700 00 


7,412 50 


7,400 00 


20,000 00 


20,000 00 


10,000 00 


10,100 00 


$259,304 93 


$342,396 00 



"UNITED FIREMEN'S INSURANCE COMPANY OF PHILA- 
DELPHIA," PHILADELPHIA, PA. 

» [Incorporated April 2, 1S60. Commenced business April 1, 1S61.] 
Paid-up Capital, $300,000. 
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary. 

Home Office, 419 Walnut Street. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 
Intereston mortgage loans, $19,644.07 ; collaterals,^ 
stocks and bonds, $43,400.91 ; all other, $308.28, 

Rents, 

From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



,709.96; 



$466,227 99 
48,734 37 

67,063 22 
7,184 34 
138 10 

. $589,348 02 
. 1,732,648 17 

. $2,321,996 19 



Disbursements. 

Net amount paid for fire losses, $319,510 25 

Deposit premiums returned, 52,565 98 

Interest and dividends to stockholders, 30,000 00 

Commissions or brokerage, 115,999 58 

Salaries, fees, etc., of ofiicers and employees, .... 33,764 03 

Repairs and expenses on real estate, 4,774 06 

Real estate taxes, $2,802.15 ; other taxes and fees, $9,321.50, 12,123 65 

All other disbursements, 32,497 79 

Total disbursements, $601,235 34 

Balance, ." $1,720,760 85 



Ledger Assets. 

Real estate, $174,553.24; mortgages, $356,084, . . . $530,637 24 

Loans secured by collateral (6 sh. Frank. & South. R'y Co.), 2,000 00 

Stocks and bonds (Schedule A), 1,044,293 38 



UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 367 



Cash in banks and office, .... 

Agents 1 balances, 

Perpetual deposits in course of collection, 

Total ledger assets, .... 



|87,969 15 

52,982 93 

2,878 15 

$1,720,760 85 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $7,120.49 ; other assets, $210.54, . 
Rents accrued on company's property, . 
Market value of stocks and bonds over book value, 

Gross assets, 



$7,331 03 

379 42 

32,941 62 

,761,412 92 



Assets not admitted. 



Agents' balances over three months due, 
Depreciation in book value of real estate, 
Total unadmitted assets, . 

Total admitted assets, 



$185 70 
3,486 24 



3,671 94 



$1,757,740 98 



Liabilities. 

Unpaid losses, including $1,555.30 resisted, $32,548.44 ; less 

reinsurance, $426.48 $32,12196 

Unearned premiums on outstanding risks, $381,354.53; plus 

same on disallowed reinsurance, $ 1,578. 29,. . . . 382,932 82 

Reclaimable on perpetual fire policies, 869,769 05 

Salaries and other miscellaneous expenses, due or accrued, . 11,571 48 

All liabilities, except capital and surplus, . . . $1,296,395 31 
Surplus to policy holders, .... $461,345 67 

Paid-up capital 300,000 00 

Surplus over capital and general liabilities, .... 161,345 67 

Total liabilities, $1,757,740 98 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



. $66,137,445 00 
. 49,100,470 00 

$115,237,915 00 
. 42,389,697 00 

. $72,848,218 00 
. 5,226,887 00 

. $67,621,331 00 



Perpetual risks in force (not included above), $42,875,093 00 

Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



Premiums. 

$724,088 63 
587,659 02 

1,311,747 65 
516,114 14 

$795,633 51 
70,504 34 

$725,129 17 

$963,458 42 



56,827,949 00 

4,130,075 00 

322,914 00 

653,506 00 

30,000 00 

86,480 00 



368 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



Schedule A. 

Stocks and Bonds owned by the Company. 



City of Philadelphia bonds, 
Allegheny Co. (Penn.) road bonds, . 
Allegheny Valley R.R. Co. bonds, . 
Atlantic City R.R. Co. bonds, . 
Atchison, Topeka & Santa Fe R R. bonds, 
Baltimore & Potomac R.R. Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
City of Woonsocket, Dakota, bonds, 
Choctaw, Oklahoma & Gulf R.R. Co. bonds, 
Consolidated Traction Co. of N. J. bonds, 
Consolidated Gas Co. of Pittsburg bonds, 
Delaware County R'y bonds, . 
Erie R.R. Co. car trust bonds, . 
Evansville & Terre Haute R.R. bonds, 
Electric & People's Traction Co. bonds, 
Illinois Central R.R. Co. bonds, 
Lake Erie & Western R.R. Co. bonds, 
Lehigh Valley R.R. Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Missouri Pacific Equipment Association b'ds, 
Mortgage Trust Co. of Pennsylvania bonds, 
Newark (N. J.) Passenger R'y Co. bonds, 
Norfolk & Western R'y equip, trust bonds, 
Oley Valley R'y bonds, .... 
Pennsylvania Co. bonds, .... 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
Philadelphia & Bait. Cent. R.R. Co. bonds, 
Philadelphia & Erie Co. R R. bonds, 
Philadelphia Co. trust bond, 
Philadelphia Co. trust bonds, . 
Pitts., Cin., Chic. & St. Louis R'y bonds, . 
People's Passenger R'y Co. bonds, . 
Philadelphia Traction Co. collateral tr. bonds 
Reading Co. of Pennsylvania bonds, 
Reading Co. R.R. equip, bonds, 
Real Estate Title Insurance & Trust Co. bonds 
Second Avenue Traction Co. (Pitts.) bonds, 
St. Louis & San Francisco R.R. equip, bonds, 
Southern Pacific collateral trust bonds, . 
United R'ys trust certificates, . 
Western N. Y. & Penn. R.R. Co. bonds, . 
Wilmington City (Del.) R'y Co. bonds, . 
200 shares Continental Pass. R'y (Phila.), 

30 " Frank. & South. Passenger R'y, 
100 " Pennsylvania R.R. Co., . 
100 " Philadelphia Traction Co., 
200 " Union Passenger R'y, . 
200 " United Gas Improvement Co., 

34 " Milwaukee Underw. Build. Asso., 
Underwriters' Salvage Co. of N. Y. stock, 



00 
00 
00 
00 
50 



00 
00 
00 
38 
00 
00 
00 



Book Value. 

$66,070 00 
36,925 00 
24,824 50 
20,500 00 
10,167 00 

6,075 
18,255 
37,390 

6,000 
26,837 
27,562 50 
28,125 00 
12,550 
25,000 
10,300 
22,885 

9,400 
11,675 
56,100 
36,900 00 
15,000 00 
10,000 00 
21,775 00 
14,746 50 
10,250 00 
39,398 75 
19,300 00 
22,400 00 
10,275 00 
25,437 50 
21,550 00 
11,000 00 
38,590 00 
13,327 

9,000 
25,000 
14,140 
20,000 00 
15,000 00 
18,988 00 
10,032 50 
24,875 00 
14,400 00 
25,252 50 
20,000 00 
10,500 00 

6,068 75 

9,787 50 

35,205 75 

18,851 25 

100 00 

500 00 



50 
00 
00 
00 



Market Value. 

$65,905 00 
36,750 00 
23,400 00 
22,200 00 
10,300 00 

5,700 00 
18,600 00 
37,800 00 

6,000 00 
27,500 00 
27,000 00 
27,250 00 
12,000 00 
25,000 00 
10,600 00 
25,200 00 

9,700 00 
12,000 00 
57,800 00 
36,520 00 
15,000 00 

9,000 00 
23,000 00 
15,000 00 
10,000 00 
38,200 00 
20,200 00 
21,000 00 
10,100 00 
24,200 00 
20,400 00 
11,000 00 
38,420 00 
15,600 00 

9,360 00 
25,000 00 
14,000 00 
20,000 00 
17,100 00 
19,750 
10,100 
24,900 
14,280 
25,250 
30,400 00 
13,200 00 

6,900 00 

9,900 00 

47,000 00 

21,200 00 

50 00 

500 00 



00 
00 
00 
00 
00 



$1,044,293 38 11,077,235 00 



UNITED STATES FIRE INSURANCE CO. 369 



"UNITED STATES FIRE INSURANCE COMPANY, 11 
NEW YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 9, 1824.] 

Paid-up Capital, $250,000. 

A. R. PIERSON, President. W. W. UNDERHILL, Secretary. 

Home Office, 46 Pine Street. 

Income. 

Net fire premiums, $454,018 34 

Interest on mortgage loans, $13,607.79; stocks and bonds, 

$7,340.66, 20,948 45 

Rents 4,437 00 

Profit on sale or maturity of ledger assets, .... 647 22 

Total income, $480,051 01 

Ledger assets, Dec. 31, 1903, 764,446 75 

Total, $1,244,497 76 

Disbursements. 

Net amount paid for fire losses, $322,304.19; marine, $3,641.50, $325,945 69 

Interest and dividends to stockholders, 7,500 00 

Commissions or brokerage, 129,802 93 

Salaries, fees, etc., of officers and employees, .... 25,691 33 

Rents, 5,166 66 

Repairs and expenses on real estate, 2,020 46 

Real estate taxes, $681.53 ; other taxes and fees, $6,562.28, . 7,243 81 

All other disbursements, 25,804 30 



Total disbursements, $529,175 18 

Balance, $715,322 58 

Ledger Assets. 



Real estate, $45,327.21 ; mortgages, $258,700, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Counter premiums, 



$304,027 21 

269,045 87 

21,975 46 

120,264 08 

9 96 



Total ledger assets, $715,322 58 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $972.91 ; stocks and bonds, $2,035.39, . . 3,008 30 

Market value of real estate over book value, .... 10,672 79 

Reinsurance due on losses paid, 5,253 20 



Gross assets,* $734,256 87 

* Including 821,304.41 special reserve held under New York law. 



370 



I'M TED STATES FIRE INSURANCE CO. 



Assets not admitted. 

Agents' balances over three months due, . $24 05 

Depreciation in book value of stocks and bonds, 2,320 87 

Total unadmitted assets, .... 

Total admitted assets, 



!,344 92 



1731,911 95 



Liabilities. 

Unpaid losses, including $5,967.27 resisted, $63,161.89 ; less 
reinsurance, $9,422.29. 

Unearned premiums on outstanding risks, $ 386,017. 61 ; plus 
same on disallowed reinsurance, $7,368.60, . . 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 

Due for return premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$284,451 23 



$53,739 60 

393,386 21 

200 00 

1 49 

133 42 

$447,460 72 

250,000 00 

34,451 23 



Total liabilities, $731,911 95 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$75,453,913 00 

. 58,546,219 00 

$134,000,132 00 

. 56,103,278 00 

. $77,896,854 00 

. 14,744,445 00 



Premiums. 

$849,995 75 
803,141 79 

1,653,137 54 
718,764 18 

$934,373 36 
179,208 59 



. $63,152,409 00 $755,164 77 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (3 per cent.), . 

Company's stock owned by directors, 



^9,011,886 00 

4,944,164 00 

333,284 00 

172 00 

1,974,090 00 

7,500 00 

136,500 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



New York City bonds, 
United States bonds, . 
Rensselaer & Saratoga R.R. stock, 
Philippine Island certificate, 



Book Value. 

$182,836 25 
10,987 50 
44,823 00 
30,399 12 



Market Value. 

$172,400 00 
13,C75 00 
51,250 00 
30,000 00 



$269,045 87 $266,725 00 



UNITED STATES LLOYDS. 371 



" UNITED STATES LLOYDS," NEW YORK, N. Y. 

[Commenced business December, 1872.] 
HIGGINS & COX, Attorneys. 

Home Office, 16 Exchange Place. 

Income. 

Net marine premiums, 1652,983 86 

Interest on bonds, 30,970 33 

From all other sources, 52,246 17 

Total income, $736,200 36 

Ledger assets, Dec. 31, 1903, 912,455 40 

Total, $1,648,655 76 

Disbursements. 

Net amount paid for marine losses, $240,784 41 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 141,190 92 

Salaries, fees, etc., of officers and employees, .... 69,314 72 

Rents, 7,875 00 

Taxes and fees, 24,244 44 

Total disbursements, $533,409 49 

Balance, f 1,1 15,246 27 

Ledger Assets. 

Bonds (Schedule A), . . . . . . $546,325 00 

Cash in banks and office, 348,924 30 

Agents 1 balances, 219,996 97 

Total ledger assets, $1,115,246 27 

Non-Ledger Assets. 

Interest due and accrued on bonds, 6,695 83 

Salvages and reinsurances, 48,078 72 

Reinsurance returns, 21,699 07 

Gross assets, % ..$1,191,719 89 

Liabilities. 

Unpaid losses, $206,290 00 

Unearned premiums on outstanding risks, $190,992.34; plus 

same on disallowed reinsurance, $216,490, .... 407,482 34 

Salaries and other miscellaneous expenses, due or accrued, . 13,350 00 

Commissions and other charges due agents and brokers, . 11,706 81 

Due for return premiums, $12,500 ; reinsurance, $36,921.44, . 49,421 44 

On deposit in trust, 40,316 50 

All liabilities, except subscribers' deposits and surplus, . $728,567 09 
Surplus to policy holders, .... $463,152 80 

Subscribers 1 deposits paid up, 100,000 00 

Surplus over subscribers 1 deposits and general liabilities, . 363,152 80 

Total liabilities, $1,191,719 89 



372 



VICTORIA FIRE INSURANCE CO. OF NEW YORK. 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $17,699,709 00 
. 441,946,008 00 

$459,645,717 00 
. 438,338,972 00 

.$ 21,306,745 00 
. 10,826,623 00 



Premiums. 

$155,364 82 
1,531,912 86 

'1,687,277 68 
1,496,285 34 

$190,992 34 
73,175 16 



.$10,480,122 00 $117,817 18 



Miscellaneous. 
Marine and inland losses incurred during the year, 



$426,681 00 



Schedule A. 
Bonds owned by the Company. 



Chicago, Rock Island & Pacific R.R. bonds, 
Long Island R R. Co. bonds, 
Union Pacific R ? y Co. bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Northern Pacific R'y Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Scioto Valley & New Eng. R.R. Co. bonds, 
Northern Pacific-Gt. Northern joint bonds, 
Massachusetts State bonds, 
Havana, Cuba, city bonds, 
Consolidated stock, city of New York, 
Northern Pacific R R. bonds, . 
N. Y. Central & Hudson River R.R. bonds, 
City of Boston Rapid Transit bonds, 



Book Value. 

$50,750 00 
49,000 00 
50,500 00 
49,000 00 
25,438 00 
50,000 00 
14,850 00 
45,812 00 
52,125 00 
26,000 00 
23,625 00 
9,600 00 
48,625 00 
51,000 00 



Market Value. 

$51,500 00 
49,500 00 
52,250 00 
51,250 00 
26,250 00 
51,250 
15,113 
49,437 
52,000 
26,250 
23,812 
9,866 
49,750 00 
51,250 00 



00 
00 
00 
00 
00 
00 
00 



$546,325 00 $559,478 00 



"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated June 2i, 1896. Commenced business July 1, 1896.] 

Paid-up Capital, $200,000. 

HENRY H. HALL, President. EDW. K. BEDDALL, Secretary. 

Home Office, 85 Pine Street. 

Income. 

Net fire premiums, $162,089 48 

Interest on stocks and bonds, f9,544.52; all other, $195.42, . 9,739 94 

Total income, f 171,829 42 

Ledger assets, Dec. 31, 1903, 349,817 60 

» 

Total $521,647 02 



VICTORIA FIRE INSURANCE CO. OF NEW YORK. 373 



Disbursements. 

Net amount paid for fire losses, $ 122,073 88 

Commissions or brokerage, 34,593 82 

Salaries, fees, etc., of officers and employees, .... 7,620 29 

Rents 499 92 

Taxes and fees, 3,137 32 

All other disbursements, 4,127 06 



Total disbursements, $172,052 29 



Balance, |349,594 73 

Ledger Assets. 

Stocks and bonds (Schedule A), $339,292 02 

Cash in banks, 63 05 

Agents' balances, 10,239 66 



Total ledger assets, $349,594 73 

Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $2,910.75 ; other assets, $48.67, . . 2,959 42 



Gross assets, $352,554 15 

Assets not admitted. 
Depreciation in book value of stocks and bonds, . . . 2,015 02 



Total admitted assets, $350,539 13 

Liabilities. 

Unpaid losses, including $1,000 resisted, $17,313.79; less 

reinsurance, $300, $17,013 79 

Unearned premiums on outstanding risks, .... 90,266 76 

All liabilities, except capital and surplus, . . . $107,280 55 
Surplus to policy holders, .... $243,258 58 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 43,258 58 



Total liabilities, $350,539 13 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$14,763,774 00 $157,534 41 
20,300,848 00 211,355 10 



$35,064,622 00 $368,889 51 
. 18,280,658 00 193,371 26 



$16,783,964 00 $175,518 25 
. 205,611 00 3,191 66 



Net amount in force, . . . . $16,578,353 00 $172,326 59 



374 



WESTCHESTER FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



$896,700 00 

548,275 00 

125,112 00 

15,000 00 

32,500 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



City of New York bonds, .... 
City of Chicago river improvement bonds, 
Maine Central R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Beech Creek R.R. stock, . 
New York & Harlem R.R. stock, 
Illinois Central R.R. stock, 
Pennsylvania R.R. stock, . 
Baltimore & Ohio R.R. stock, . 
Chicago, Mil. & St. Paul stock, 
Underwriters' Salvage Corp., . 



Book Value. 

$209,735 00 

21,000 00 

15,235 00 

28,234 52 

10,920 00 

20,562 50 

10,750 00 

12,300 00 

5,230 00 

4,325 00 

1,000 00 



Market Value. 

$205,125 00 

21,200 00 

15,000 00 

28,650 00 

11,872 00 

20,000 00 

10,300 00 

13,800 00 

5,730 00 

4,600 00 

1,000 00 



$339,292 02 $337,277 00 



"WESTCHESTER FIRE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.] 

Paid-up Capital, $300,000. 
GEO. R. CRAWFORD, President. MORELL O. BROWN, Secretary. 

Home Office, 100 William Street. 

Income. 

Net fire premiums, $2,028,040 52 

Interest on mortgage loans, $19,527.91; stocks and bonds, 

198,280.73; all other, $2,701.92, 120,510 56 

Rents, 1,932 72 

Profit on sale or maturity of ledger assets, .... 60,726 84 



Total income, 
Ledger assets, Dec. 31, 1903, . 



. $2,211,210 64 
. 3,333,481 80 



Total, $5,544,692 44 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $3,482.37 ; other taxes and fees, $55,078.31, 



$1,296,085 99 

60,000 00 

412,389 40 

129,596 54 

12,092 72 

691 40 

58,560 68 



WESTCHESTER FIRE INSURANCE CO. 



375 



Profit and loss, . 

All other disbursements, . 

Total disbursements, . 



$19,600 05 
222,186 84 

1,211,203 62 



Balance $3,333,488 82 

Ledger Assets. 



Real estate, $56,976.17 ; mortgages, $323,200, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,207 ; stocks and bonds, $21,375, . 
Market value of stocks and bonds over book value, 



Gross assets,* 



Assets not admitted. 



Agents 1 balances over three months due, . 
Special deposits less $38,408.26 liab. thereon,. 
Total unadmitted assets, . 



$14,104 01 
48,591 74 



Total admitted assets, 



Liabilities. 



Unpaid losses, including $4,800 resisted, $175,614. 54 ; less re- 
insurance, $22,265.14, 

Unearned premiums on outstanding risks, $1,746,033.77 ; plus 

same on disallowed reinsurance, $3,117.75, 
Salaries and other miscellaneous expenses, due or accrued, 
Due for return premiums, $209.40; reinsurance, $15,260.50 
Office furniture, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,641,17464 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$380,176 17 

2,559,145 37 

99,962 25 

294,205 03 

^3,333,488 82 



24,582 00 
292,504 63 

1,650,575 45 



62,695 75 

5,587,879 70 



$153,349 40 

1,749,151 52 
14,034 24 
15,469 90 
14,700 00 

11,946,705 06 

300,000 00 
1,341,174 64 

^3,587,879 70 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$361,629,694 00 $3,676,241 98 
.252,490,680 00 2,711,390 58 



Total 

Kisks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$614,120,374 00 $6,387,632 56 
.238,704,473 00 2,531,366 95 



$375,415,901 00 $3,856,265 61 
. 38,760,570 00 395,413 17 



$336,655,331 00 $3,460,852 44 



* Including $300,000 special reserve held under New York law. 



376 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Stock dividends declared from organization of company 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, 



$35,670,621 00 

19,819,428 00 

1,292,640 00 

1,098,000 00 

100,000 00 

60,000 00 

104,000 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Portland City, Ore., bonds, 

Georgia State bonds, 

New York City bonds, 

Richmond, Va., city bonds, 

N. Y. & Harlem R.R. Co. stock, 

Albany & Susquehanna R.R. Co. stock, 

Rensselaer & Saratoga R.R. Co. stock, 

N. Y., Lack. & Western R.R. Co. stock, 

Rome, Watertown & Ogden. R R. Co. stock, 

Oswego & Syracuse R.R. Co stock, 

Syracuse, Binghamton & N. Y. R.R. Co. sUk, 

Chicago, Milwaukee & St. Paul R.R. Co. stock 

Pennsylvania R.R. Co. stock, . 

N. Y. C. & H. R. R.R. Co. stock, 

Atchison, Topeka & Santa Fe R.R. Co. stock, 

Manhattan R.R. Co. stock, 

Chicago & Northwestern R R. Co. stock, 

Erie R.R. Co. stock, 

Illinois Central R.R. Co. stock, 

Union Pacific R.R. Co. stock, . 

Southern R.R. Co. stock, .... 

Missouri Pacific R.R. Co. stock, 

American Telegraph & Telephone Co. stock, 

Delaware & Hudson Co. stock, 

Chatham National Bank stock, 

Westchester & Bronx T. & M. Guar. Co. st'k, 

Underwriters 1 Salvage Co. stock, 



Book Value. 

$61,071 15 

11,627 
323,539 

16,142 
122,587 

57,550 
155,368 

75,487 

55,662 

85,575 

82,950 
158,225 
200,379 
158,650 

48,937 
139,500 00 
103,262 50 

68,250 00 
144,625 00 

77,675 00 

46,587 50 
103,875 00 

72,812 50 
164,500 00 

15,800 00 
7,504 47 
1,000 00 



15 
36 
30 
50 
00 
23 
50 
50 
60 
00 
00 
61 
00 
50 



Market Vaiue. 

§60,000 00 

11,000 00 
300,000 00 

16,000 00 
240,000 00 

92,000 00 
184,500 00 
104,000 00 

65,000 00 

91,000 00 
100,000 00 
171,750 00 
193,500 00 
142,000 00 

50,500 00 
165,000 
104,000 

75,000 
156,500 

91,000 

48,400 00 
107,500 00 

73,000 00 
185,000 00 

16,500 00 
7,500 00 
1,000 00 



00 
00 
00 
00 
00 



1,559,145 37 $2,851,650 00 



"THE WESTERN INSURANCE COMPANY OF PITTSBURGH," 

PITTSBURGH, PA. 

[Incorporated March 20, 1S49. Commenced business May 1, 1849.] 

Paid-up Capital, $300,000. 

JOHN B. JACKSON, President. D. DALLAS HARE, Secretary. 

Home Office, 403 Wood Street. 

Income. 

Net fire premiums, $346,513 40 

Interest on mortgage loans, $10,461.16; bonds, $15,511.91 ; 

all other, $1,553.72, 27,526 79 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



377 



Rents, 

From all other sources, 



$100 00 
624 48 



Total income, 
Ledger assets, Dec. 31, 1903, 



$374,764 67 
627,802 91 



Total, $1,002,567 58 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, .... 
Real estate taxes, $160.78 ; other taxes and fees, $7,390.84, 
Loss on sale or maturity of ledger assets, 
All other disbursements, 

Total disbursements, 



$226,239 23 

18,000 00 

91,951 48 

16,971 49 

3,100 00 

390 59 

7,551 62 

912 25 

16,524 41 



1,641 07 



Balance, $620,926 51 

Ledger Assets. 

Mortgages, $149,800 00 

Loans secured by collateral (New York Life Ins. Co. paid-up 

policy, $3,000), 1,775 94 

Bonds (Schedule A) 350,440 75 

Cash in banks and office, 70,019 69 

Agents' balances, 44,594 29 

Bills receivable, not matured, 66 46 

Furniture, fixtures and safes, 1,985 35 

All other ledger assets, . . . . . . . 2,244 03 

Total ledger assets, $620,926 51 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $1,865.78 ; bonds, $2,250.39, . 
Market value of bonds over book value, . 



4,116 17 
8,334 25 



Gross assets, $633,376 93 



Assets not admitted. 



Furniture, fixtures and safes, . 
Agents 1 balances over three months due, 
Total unadmitted assets, . 

Total admitted assets, 



$1,985 35 
6,599 77 



8,585 12 



$624,791 81 



Liabilities. 

Unpaid losses, including $680 resisted, $28,534.03 ; less rein- 
surance, $188.61, 

Unearned premiums on outstanding risks, $252,608.45 ; plus 
same on disallowed reinsurance, $5,622.10, . 

Premiums on risks placed, 

All liabilities, except capital and surplus, 



,345 42 



258,230 55 
1,388 04 

$287,964 01 



378 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$336,827 80 



$300,000 00 
36,827 80 

$624,791 81 



Fire risks outstanding Dec. 31, 1903 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $38,952,394 00 $517,207 24 
. 35,828,231 00 438,290 45 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $74,780,625 00 $955,497 69 
. 28,990,842 00 437,523 52 



. $45,789,783 00 $517,974 17 
. 3,554,845 00 38,384 69 



. $42,234,938 00 $479,589 48 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$6,129,365 00 
3,652,486 CO 

222,206 

1,061,500 

168,750 

18,000 

49,550 



00 

00 
00 
00 
00 



Schedule A. 

Bonds owned by the Company. 



Allegheny County, Pa., bonds, . 
Wilkinsburg Borough, Pa., bonds, . 
Bellevue Borough, Pa., bonds, . 
City of Ponce, Porto Rico, bonds, 
New Brighton, Pa., school bonds, 
Avalon Borough, Pa,, school bonds, 
E. McKeesport, Pa., school bonds, . 
Ben Avon Borough, Pa., school bonds, . 
Connellsville, Pa., Water Co. bonds, 
Birmingham, Ala., Water Works Co. bonds, 
New Castle, Pa., Water Co. bonds, . 
Racine, Wis., Water Co. bonds, . • . 
Pennsylvania Water Co. bonds, 
Monongahela Valley Water Co. bonds, . 
St. Joseph, Mo., Water Co. bonds, . 
City Water Co., East St. Louis, 111., bonds, 
Pitts. Junction R.R. Co. bonds, 
Pitts. & Western R.R. Co. bonds, . 
Beaver Valley, Pa., Traction Co. bonds, . 
Youngst'n, O., & Shar., Pa., R'y & Lt. Co. b'ds, 
Elgin, Aurora, 111., & South. Trac. Co. bonds, 
Meadv. & Camb. Sprs., Pa., St. R'y Co. bonds 
Peekskill Ltg. & R.R. Co., N. Y., bonds, . 
Hudson River Electric Co. bonds, . 



00 
00 
00 
00 
00 
00 
00 
00 
00 



Book Value. 

$20,000 00 
30,000 00 

2,000 
11,197 

1,000 
500 

2,000 

4,000 

4,100 
15,000 

9,360 

5,000 00 
10,850 00 
11,220 00 
10,000 00 

5,000 00 

4,800 00 

7,763 75 

8,200 00 
20,000 00 
10,000 00 

9,750 00 

9,800 00 
14,775 00 



Market Value. 

$20,000 00 
32,100 00 

2,045 00 
12,000 

1,007 
500 

2,125 

4,260 

4,100 
15,000 

9,360 

5,000 
10,800 
11,220 
10,000 00 

5,000 00 

5,225 00 
10,000 00 

8,320 00 
20,000 00 
10,000 00 

9,750 00 
10,000 00 
15,000 00 



00 
50 
00 
00 
00 
00 
00 
00 
00 
00 
00 



WHAT CHEER MUTUAL FIEE INSURANCE CO. 



379 



Marquette & Bessemer Dock Nav. Co. bonds, 
Pitts. & Allegheny, Pa., Bridge Co. bonds, 
Jack's Run Bridge Co., Pa., bonds, . 
German Evang. Protest. Church bonds, 
Carbon Iron Co., Pa., bonds, 
Duquesne Club, Pitts., Pa., bonds, . 
Clairton Steel Co., Pitts., Pa., bonds, 
Suburban Gas Co., Phila., Pa , bonds, 
Pittsburg Coal Co. bonds, 
Ellsworth Coal Co. bonds, 



Book Value. 

$15,000 00 
15,000 00 

4,000 00 
10,500 00 
11,000 00 
15,375 00 

9,750 00 
10,000 00 
10,000 00 
23,500 00 



Market Value. 

$15,000 00 
15,862 50 
4,380 00 
10,595 00 
11,000 00 
15,375 00 
10,000 00 
10,000 00 
10,250 00 
23,500 00 



|350,440 75 $358,775 00 



"WHAT CHEER MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1873. Commenced business Jan. 1, 1874.] 
ROWLAND G. HAZARD, President. A. T. VIGNERON, Assistant Secretary. 

Home Office, 10 Weybosset Street. 



Income. 

Net premiums, $319,424.30 ; extra premiums, $911.41, 
Interest on stocks, $8,696.67 ; all other, $3,610.68, 
Profit on sale or maturity of ledger assets, 



$320,335 71 

12,307 35 

375 00 



Total income, $333,018 06 

Ledger assets, Dec. 31, 1903, 308,815 95 



Total, . 



$641,834 01 



Disbursements. 

Net amount paid for losses, $26,148 40 

Profits on terminated policies, 262,758 85 

Salaries, fees, etc., of officers and employees, .... 13,367 17 

Rents, 922 20 

Taxes and fees, 6,127 91 

Premiums paid in advance, 2,206 56 

Inspections, .6,025 29 

All other disbursements, 1,684 63 

Total disbursements, $319,241 01 

Balance, , $322,593 00 

Ledger Assets. 

Stocks (Schedule A), $202,242 08 

Cash in banks and oflBce, 37,652 98 

Premiums in course of collection, 9,603 77 

Cash loans, 73,094 17 

Total ledger assets, $322,593 00 



380 



WHAT CHEER MUTUAL FIKE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On stocks, §1,029.17 ; other assets, $985.92, . 
Market value of stocks over book value, . 

Gross assets, 



$2,015 09 
11,232 92 

$335,841 01 



Liabilities. 

Unpaid losses $728 87 

Unearned premiums on outstanding risks, .... 159,207 19 

Salaries and other miscellaneous expenses, due or accrued, . 5,892 87 

All liabilities, except surplus, $165,828 93 

Surplus, 170,012 08 

Total liabilities, $335,841 01 



Risks and Premiums. 

Amount. Cash Prem's. Conling't Prem's. 

Risks outstanding Dec. 31, 1903, $33,720,283 00 $298,464 50 $1,492,322 50 

Risks written during 1904, . 38,307,640 00 336,475 49 1,682,377 45 



Total $72,027,923 00 $634,939 99 $3,174,699 95 

Risks expired and terminated, . 37,011,779 00 316,525 60 1,582,628 00 



In force at end of year, 



.$35,016,144 00 $318,414 39 $1,592,071 95 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1904, 87.69 per cent. 



$21,554 00 



Schedule A. 
Stocks owned by the Company, 



50 shar 


200 


t. 


100 


u 


100 


K 


50 


M 


500 


U 


200 


It 


50 


H 


150 


II 


100 


II 


100 


II 


50 


II 


50 


U 


50 


II 


75 


11 



es Old Colony R.R. Co., 
Illinois Central R.R. Co., 
Cleveland & Pittsburg R.R. Co., 
N. Y., Lack. & Western R'y Co., 
Albany & Susquehanna R.R. Co., 
Pennsylvania R.R. Co., . 
Rensselaer & Saratoga R.R. Co., 
Upper Coos R R. Co., 
Pitts., Bess. & L. Erie R.R. Co., 
Hereford R'y Co., . 
Manhattan R'y Co , . 
X. Y. Cent. & Hud. R. R.R. Co., 
Oswego & Syracuse R.R. Co., 
Union Pacific R.R. Co., . 
Pitts., Ft. Wayne & Chic. R.R. Co. 



Book Value. 

$8,931 00 

21,050 00 

9,487 50 
13,300 00 

10,500 00 

31,587 33 

41,800 00 

7,511 25 

5,531 25 

10,250 00 

13,675 00 

5,818 

5,800 

3,525 
13,475 



75 

00 
00 
00 



Market Value. 

$10,250 00 

21,000 00 

9,250 00 

13,500 00 

11,750 00 

34,500 00 

42,200 00 

7,000 00 

5,400 00 

9,800 00 

16,500 00 

7,100 00 

5,800 00 

5,700 00 

13,725 00 



$202,242 08 $213,475 00 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 381 



" WILLIAMSBURGH CITY FIRE INSURANCE COMPANY, 1 '. 

BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 
Paid-up Capital, $250,000. 
MARSHALL S. DRIGGS. President. FRED'K H. WAY, Secretary. 

Home Office, 13 Broadway. 

Income. 

Net tire premiums $1,148,288 10 

Interest on mortgage loans, $12, 199. 17 ; collaterals, $1,89 1.43 ; 

stocks and bonds, $44,050.89; all other, f 72 1.40, . . 58,862 89 
Rents, including company's own occupancy, .... 55,278 44 
Profit on sale or maturity of ledger assets, .... 60,499 25 



Total income, $1,322,928 68 

Ledger assets, Dec. 31, 1903, 2,426,273 00 



Total, $3,749,201 68 

Disbursements. 

Net amount paid for fire losses $695,090 76 

Interest and dividends to stockholders, 75,000 00 

Commissions or brokerage, 272,618 34 

Salaries, fees, etc., of officers and employees, .... 92,854 91 

Rents, including company's own occupancy, .... 17,000 00 

Repairs and expenses on real estate, 15,820 80 

Real estate taxes, $10,866. 72; other taxes and fees, $19,835.09, 30,701 81 

All other disbursements, 56,454 46 



Total disbursements, $1,255,54108 



Balance, $2,493,660 60 

Ledger Assets. 



Real estate, $672,929.76 ; mortgages, $237,100, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), . 

Cash in banks and office, 

Agents' balances, 



$910,029 76 
35,250 00 

1,237,895 01 
162,888 82 
147,597 01 



Total ledger assets, $2,493,660 60 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,422.70; stocks and bonds, $5,135; col- 
lateral loans, $146.87 ; other assets, $2,772, . . . 9,476 57 

Rents due on company's property, 6,857 28 

Market value of stocks and bonds over book value, . . 77,149 99 



Gross assets,* $2,587,144 44 

* Including $280,000 special reserve held under New York law. 



382 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits Jess $23,049.63 liab. thereon, 
Total unadmitted assets, , 



Total admitted assets, 



$695 18 
1,450 37 



1,145 55 



12,584,998 89 



Liabilities. 

Unpaid losses, including $9,650 resisted, $106,193.62; less 

reinsurance, $14,723.70, $91.469 92 

Unearned premiums on outstanding risks, f 936,664. 49 ; plus 

same on disallowed reinsurance, $6,639.72, . . . 943,304 21 

Salaries and other miscellaneous expenses, due or accrued, . 6,708 73 

Due for reinsurance premiums, 4,972 76 

All liabilities, except capital and surplus, . . . $1,046,455 62 
Surplus to policy holders, .... $1,538,54327 

Paid-up capital 250,000 00 

Surplus over capital and general liabilities, .... 1,288,543 27 

< 

Total liabilities, $2,584,998 89 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$186,401,426 00 $1,859,655 99 
. 134,191,172 00 1,445,950 05 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$320,592,598 00 $3,305,606 04 
. 122,348,427 00 1,318,868 83 



$198,244,171 00 $1,986,737 21 
. 15,763,394 00 180,757 04 



$182,480,777 00 $1,805,980 17 



Miscellaneous. 

Premiums received from organization of companv, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, .... 



$21,914,281 00 

11,298,483 00 

704,878 00 

1,992,500 00 

75,000 00 

52,400 00 



Schedule A. 
Securities held as Collateral, 



93 shares Williams. Tr. Co., Brooklyn, N. Y., 

72 " National Surety Co. of N. Y., 

50 " Nassau Oil Co., .... 

560 " United States Steel Co., . 

340 •• United States Steel Co., . 



Market Value. 

$22,320 00" 

7,200 00 

3,000 00 

20,400 00' 

12,600 00 



Loaned Thereon . 

$18,250 00 

10,000 00 
7,000 00 



$65,520 00 $35,250 00 



WILLIAMSBURG H CITY FIRE INSURANCE CO. 



383 



Schedule B. 
Stocks and Bonds owned by the Company. 



Richmond, Va., bonds, .... 

State of Georgia bonds, .... 

Brooklyn Union Gas Co. bonds, 

New York City bonds, .... 

American Malting Co. bonds, . 

First National Bank of Brooklyn stock, . 

Brooklyn Union Gas Co. stock, 

Kings County Trust Co. stock, 

Union Ferry Co. stock, .... 

Chicago, Milwaukee & St. Paul R.R. stock, 

Consolidated Gas Co. of N. Y. stock, 

Williamsburgh Trust Co. stock, 

Illinois Central R.R. Co. stock, 

New York Air Brake Co. stock, 

Pressed Steel Car Co. stock, 

Interborough Rapid Transit Co. stock, 

Union Pacific R.R. Co stock, . 

Southern R'y Co. stock, .... 

Canadian Pacific R'y Co. stock, 



00 
80 
11 
00 
50 



Book Value. 

$13,841 25 

11,800 

14,648 
100,830 

19,950 

72,524 

60,538 85 

18,115 00 

52,100 00 
118,512 50 
159,500 00 

27,000 00 
109,346 50 

97,637 

32,312 

82,025 

65,675 

48,562 
132,975 



50 
50 
00 
00 
50 
00 



00 
00 
00 
00 



Market Value. 

$13,500 00 

11,000 

28,670 

96,925 

21,000 

88,000 00 
102,500 00 

40,500 00 

24,650 00 
119,700 00 
156,000 00 

43,200 00 
124,800 

94,800 

19,500 

82,000 

67,800 

48,500 
132,000 



00 
00 
00 
00 
00 
00 
00 



$1,237,895 01 $1,315,045 00 



384 



AGGREGATE. 



AGGREGATE. 



Capital Stock. 
Capital actually paid up in cash, . 
Scrip outstanding, . 



Admitted assets, 



Liabilities, 



Assets. 



Liabilities. 



Income. 
Cash actually received for tire premiums, . 
for marine and inland premiums, . 
for interest and dividends from all sources, 
from all other sources, 

Total income, 

Disbursements. 
Cash actually paid during the year for fire losses, 
for marine and inland losses, . 
for dividends to stockholders, .... 
for dividends to policy holders (mutual companies), 

for redemption of scrip, 

for interest to scrip holders, .... 
for brokerage and commissions on premiums, . 
for salaries and pay of officers and employees, . 

for State and local taxes, 

for office, agency and incidental expenses, . 

Total disbursements, . . . 



Miscellaneous 
Fire risks outstanding at end of year, . 
Marine and inland risks outstanding, . 
Cash dividends declared during the year, 
Fire losses incurred during the year, . 
Marine losses incurred during the year, 



$49,602,875 
7,677,080 



$293,319,019 



$144,055,476 



$142,006,880 
8,136,962 
9,820,991 
4,793,129 



$164,757,962 



$82,625,133 

3,785,225 

7,040,503 

4,807,340 

942,041 

442,134 

29,962,006 

9,282,617 

3,982,930 

11,548,151 



$154,418,080 



19,949,423,443 

235,817,486 

7,094,977 

83,134,202 

4,996,477 



AACHEN AND MUNICH FIRE INSURANCE CO. 



385 



UNITED STATES BRANCHES OF FOREIGN FIRE AND 
MARINE INSURANCE COMPANIES. 



UNITED STATES BRANCH OF THE "AACHEN AND MUNICH FIRE 
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY. 

Deposit Capital, $200,000. 

JOSEPH A. KELSEY, United States Manager. 

Office, 46 Cedar Street, Neiu York, N. Y. 

Income. 

Net fire premiums, $984,146 42 

Interest on bonds, $31,365; all other, $2,691.82, . . . 34,056 82 

Profit on sale or maturity of ledger assets, .... 1,937 50 

Received from home office, 184,513 41 



Total income, . 
Ledger assets, Dec. 31, 1903, 



Total, . 



Disbursements 



Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Remitted to home office, .... 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Bonds (Schedule A), 

Cash in banks and office, . 

Agents 1 balances, 

Bills receivable, not matured, . 

Reinsurance due on losses paid, 

Total ledger assets, . 



Non-Ledger Assets. 
Market value of bonds over book value, . 



Gross assets, 



51,204,654 15 
1,109,490 40 

52,314,144 5$. 



$634,895 04 
206,070 57 
79,000 91 
7,003 89 
27,470 94 
13,768 74 
61,695 08 

$1,029,905 17 

$1,284,239 38 



$1,001,526 75 

129,968 85 

151,012 63 

1,176 10 

555 05 

$1,284,239 38 



2,573 25 
$1,286,812 63 



386 



AACHEN AND MUNICH FIRE INSURANCE CO. 



Assets not admitted. 

Cash not in control of trustees, . . . $66,072 85 

Agents 1 balances over three months due, . 3,915 57 

Special deposits less $25,622.92 liab. thereon, 50,377 08 

Reinsurance due on losses paid, . . . 307 10 

Total unadmitted assets, .... — 

Total admitted assets, 



$120,672 60 
$1,166,140 03 



Liabilities. 

Unpaid losses, including $14,238.74 resisted, $87,767.87; 

less reinsurance, $2,033.75, 

Unearned premiums on outstanding risks, $711,866.76 ; plus 

same on disallowed reinsurance, $1.25, . . . . 
Commissions and other charges due agents and brokers, 
Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . 

Deposit capital, 

Surplus over capital and general liabilities, . 



$363,607 42 



$85,734 12 

711,868 01 

4,136 98 

793 50 

$802,532 61 

200,000 00 

163,607 42 



Total liabilities, $1,166,140 03 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

. $96,616,682 00 $1,268,260 92 
. 100,456,193 00 1,318,103 79 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$197,072,875 00 $2,586,364 71 
. 81,341,026 00 1,120,053 29 



$115,731,849 00 $1,466,311 42 
. 10,018,403 00 126,433 30 



$105,713,446 00 $1,339,878 12 



Miscellaneous. 
Fire losses incurred during the year, 



$639,806 00 



Schedule A. 
Bonds owned by the Company. 



United States bonds, .... 

Consolidated stock of the city of N. Y. bonds 
State of N. Y. canal improvement bonds, 
State of Massachusetts bonds, . 
Atchison, Topeka & Santa F6 R R. Co. bonds 
Chic, Rock Island & Pacific R.R. Co. bonds, 
Northern Pacific R.R. Co. bonds, 
Union Pacific R.R. Co. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 



Book Value. 

$70,687 50 

246,207 50 

105,000 00 

100,125 00 

48,835 00 

48,421 25 

86,937 50 

70,093 75 

18,200 00 



Market Value. 

$76,000 00 
232,320 00 
101,000 00 
97,000 00 
52,000 00 
50,800 00 
91,000 00 
76,300 00 
18,600 00 



ALLIANCE ASSURANCE CO. LIMITED. 



387 



Louisville & Nashville R.R. Co. bonds, 
Kansas City Southern R.R. Co. bonds, 
Seaboard Air Line R'y bonds, . 
Oregon Short Line R.R. bonds, 
Atlantic Coast Line R.R. bonds, 
Central Pacific R'y Co. bonds, . 
Norfolk & Western R'y Co. bonds, 
Southern R'} T Co. bonds, . 



Book Value. 

$8,925 00 
73,281 25 
21,261 75 
•23,656 25 
19,825 00 
20,375 00 
20,325 00 
19,370 00 



Market Value. 

$8,880 00 

72,000 00 

22,500 00 

24,500 00 

20,400 00 

20,600 00 

20,200 00 
20,000 00 



§1,001,526 75 $1,004,100 00 



UNITED STATES BRANCH OF THE "ALLIANCE ASSURANCE 
COMPANY LIMITED," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, 29-31 Liberty Street, New York, N. Y. 



Income. 

Net fire premiums, 

Interest on bonds, $20,644.88 ; all other, $664.54, 
Rents, including company's own occupancy, . 
-Received from home office, .... 

Total income, 

Ledger assets, Dec. 31, 1903, .... 



Total, 



$471,034 17 

21,309 42 

14,572 65 

445,135 23 

$952,051 47 
922,352 07 

$1,874,403 54 



Disbursements 

Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $1,621.08 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

Remitted to home office, . . . . 

All other disbursements, 



,448.55, 



$190,694 


43 


114,457 


44 


16,314 


26 


1,766 


15 


3,876 


19 


9,069 


63 


4,428 


13 


491,017 


91 


16,094 


16 



Total disbursements, $847,718 30 



Balance, 



$1,026,685 24 



Ledger Assets 

Real estate, $159,675.61 ; mortgages, $7,000, 

Bonds (Schedule A), 

Cash in banks and office, .... 

Agents' balances, 

Bills receivable, not matured, . 

Total ledger assets, .... 



$166,675 61 

692,184 53 

67,557 11 

100,106 84 

161 15 

$1,026,685 24 






ALLIANCE ASSURANCE CO. LIMITED. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, £317.40 ; bonds, $6,341.66, . 
Rents due on company's property, . 



Gross assets, 



$6,659 06 
500 00 

. $1,033,844 30 



Assets not admitted. 



Cash not in control of trustees, 
Mortgages and inter't not in control of trustees, 
Agents' balances over three months due, 
Special deposits less $13,433.56 liab. thereon, 
Depreciation in book value of bonds, 

Total unadmitted assets, .... 



§64,953 70 

7,317 40 

4,611 57 

42,094 94 

26,406 03 



Total admitted assets, 



145,383 64 

$888,460 66 



Liabilities. 



Unpaid losses, including $250 resisted, $23,128.94 ; less rein- 
surance, $5,328.12, 

Unearned premiums on outstanding risks, .... 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $17,421. 41 ; reinsurance, $9,496.18, 



$17,800 82 

303,774 64 

4,863 33 

6,905 82 

26,917 59 

$360,262 20 

200,000 00 

328,198 46 

Total liabilities, $888,460 66 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital 

Surplus over capital and general liabilities, . 



$528,198 46 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $38,724,666 00 

. 52,756,789 00 

. $91,481,455 00 

. 41,786,512 00 

. $49,694,943 00 

. 5,146,327 00 



Premiums. 

§492,807 42 
649,036 22 

$1,141,843 64 
532,090 52 

$609,753 12 
55,756 81 



.$44,548,616 00 $553,996 31 



Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 

Bonds owned by the Company. 



Consolidated stock of the city of N. Y. bonds, 
City of Portland, Ore., bonds, . 
Corporate stock, city of New York, bonds, 
City of Boston bonds, .... 
County of Essex bonds, .... 



Book Value. 

5325,429 11 

55,668 75 

104,000 00 

103,466 67 

103,620 00 



$187,574 00 



Market Value. 

$304,875 00 

55,528 50 

103,000 00 

101,375 00 

101,000 00 



$692,184 53 $665,778 50 



ATLAS ASSURANCE CO. LIMITED. 389 



UNITED STATES BRANCH OF THE "ATLAS ASSURANCE 
COMPANY LIMITED," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
FRANK LOCK, United States Manager. 

Office, 49 Wall Street, New York, N. Y. 

Income. 

Net fire premiums, $1,378,229 56 

Interest on stocks and bonds, $45,419.57 ; all other, $703.65, 46,123 22 
Received from home office, 555,779 29 

Total income, $1,980,132 07 

Ledger assets, Dec. 31, 1903, 1,283,145 49 

Total, $3,263,277 56 

Disbursements. 

Net amount paid for fire losses, $664,981 96 

Commissions or brokerage, 282,555 39 

Salaries, fees, etc., of officers and employees, .... 81,041 16 

Rents, 7,504 58 

Taxes and fees, 32,023 32 

Remitted to home office, 309,170 47 

All other disbursements, 79,427 86 

Total disbursements, $1,456,704 74 

Balance, $1,806,572 82 

Ledger Assets. 

Stocks and bonds (Schedule A), $1,387,636 25 

Cash in banks and office, 160,871 20 

Agents' balances, 232,337 18 

Bills receivable, not matured, 25,728 19 

Total ledger assets, $1,806,572 82 

Non-Ledger Assets. 
Interest accrued on bonds, 12,458 31 

Gross assets, $1,819,031 13 

Assets not admitted. 

Cash not in control of trustees, . . . $25,871 20 
Agents' balances over three months due, . . 857 60 

Special deposits less $31,513.27 liab. thereon, . 96,984 23 

Depreciation in book value of stocks and bonds, 15,468 75 

Total unadmitted assets 139,181 78 



Total admitted assets, $1,679,849 35 



390 



ATLAS ASSURANCE CO. LIMITED. 



Liabilities. 

Unpaid losses, including $3,149.07 resisted, $121,374.30 ; less 

reinsurance, $9,479.36 $111,894 94 

Unearned premiums on outstanding risks, $898,309.08 ; plus 

same on disallowed reinsurance, f 6,671. 12, . . . . 904,980 20 

Due for reinsurance premiums, 4,429 28 

All liabilities, except capital and surplus, . . .$1,021,304 42 
Surplus to policy holders, .... $658,544 93 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 458,544 93 

Total liabilities, . . . . ' $1,679,849 35 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, . . 



Risks and Premiums. 

Premiums. 

$110,411,091 00 $1,368,063 80 
. 142,753,612 00 1,768,493 31 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$253,164,703 00 $3,136,557 11 
. 96,486,076 00 1,319,077 70 



$156,678,627 00 $1,817,479 41 
. 11,174,921 00 126,199 53 



$145,503,706 00 $1,691,279 88 



Miscellaneous. 
Fire losses incurred during the year, 



. $708,897 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, . 

New York City bonds, 

United States bonds, . 

Portland, Ore., bonds, 

Virginia century bonds, 

New Mexico bonds, . 

City of Louisville bonds, 

City of St. Louis bonds, 

State of Massachusetts bonds, 

United States bonds, . 

Boston & Maine R R. bonds, 

Chicago, Mil. & St. Paul bonds, 

Chicago & Northwestern R'y bonqls, 

Chic, Rock Island & Pacific R'y Co. bonds, 

Illinois Central R.R. bonds, 

N. Y. Cent. & Hudson River R.R.. Co. bonds, 

New York & Putnam R.R. Co. bonds; 

Pennsylvania R.R. Co. bonds, . 

Consolidated Gas Co. of N. Y. City stock, 



Book Value. 

$10,650 00 

154,875 00 

150,000 00 

60,875 00 

49,437 50 

10,000 00 

50,000 00 

15,000 00 

50,000 00 

62,550 00 

25,000 00 

268,687 50 

156,625 00 

25,041 

74,145 

101,650 

25,000 

25,000 00 

73,100 00 



25 

00 
00 
00 



00 
00 
50 
00 
50 



Market Value. 

$10,475 00 

156,000 00 

156,375 00 

58,500 

48,625 

10,897 

51,375 

15,712 

51,750 00 

62,550 00 

29,500 00 

263,750 00 

148,875 00 

24,035 00 

70,530 00 

95,000 00 

25,625 00 

25,187 50 

67,405 00 



$1,387,636 25 $1,372,167 50 



THE BRITISH AMERICA ASSURANCE CO. 391 



UNITED STATES BRANCH OF "THE BRITISH AMERICA 
ASSURANCE COMPANY," TORONTO, CANADA. 

Deposit Capital, $200,000. 
FREDERICK B. CARPENTER, Attorney. 

Office, 92 Water Street, Boston. 

Income. 

Net fire premiums, $1,286,399.36; marine, $225,629.62, . $ 1,512,028 98 

Interest on stocks and bonds, 38,948 35 

Received from home office, 24,604 79 



Total income, . . . . • $1,575,582 12 

Ledger assets, Dec. 31, 1903, 1,442,529 05 



Total, $3,018,111 17 

Disbursements. 

Net amount paid for fire losses, $892,108.09 ; marine, $170- 

871.28, $1,062,979 37 

Commissions or brokerage, 283,314 18 

Salaries, fees, etc., of officers and employees, .... 66,315 65 

Taxes and fees, 47,136 80 

Loss on sale or maturity of ledger assets, .... 3,631 25 

All other disbursements, 114,069 72 



Total disbursements, $1,577,446 97 



Balance $1,440,664 20 

Ledger Assets. 

Stocks and bonds (Schedule A), $1,230,627 56 

Cash in banks, 82,822 91 

Agents' balances 127,213 73 



Total ledger assets, $1,440,664 20 

Non-Ledger Assets. 
Interest due and accrued on bonds, 10,308 70 



Gross assets, $1,450,972 90 

Assets not admitted. 

Cash not in control of trustees, . . . $2,381 05 

Agents 1 balances over three months due, . 758 61 

Special deposits less $103,500.71 liab. thereon, 60,972 51 

Depreciation in book value of bonds, . . 21,603 54 

Total unadmitted assets, .... 85,715 71 



Total admitted assets, $1,365,257 19 



392 



THE BRITISH AMERICA ASSURANCE CO. 



Liabilities. 

Unpaid losses, including $7,997.23 resisted, . 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, . . . . 
Surplus over capital and general liabilities, . 



$296,060 71 



$94,727 76 
974,468 72 

$1,069,196 48 

200,000 00 
96,060 71 



Total liabilities, $1,365,257 19 



Fire risks outstanding Dec. 31, 1903, 



Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Risks and Premiums. 

Premiums. 

$127,464,930 00 $1,669,631 52 



130,407,244 00 1,690,907 73 



$257,872,174 00 $3,360,539 25 
. 114,847,974 00 1,535,006 16 



$143,024,200 00 $1,825,533 09 
. 8,775,941 00 99,446 47 



$134,248,259 00 $1,726,086 62 



. $3,436,908 00 

. 31,375,550 00 

.$34,812,458 00 

. 32,07.5,206 00 



$82,828 06 
262,279 65 

$345,107 71 
262,345 36 



. $2,737,252 00 $82,762 35 



Miscellaneous. 

Fire losses incurred during the year, . 

Marine and inland losses incurred during the year, 



$886,917 00 
170,004 00 



Schedule A. 
Stocks and Bonds owned by (he Company. 



City' of New York Corporation stock, 
United States bonds, 
Georgia State bonds, 
New Mexico territorial bonds,. 
City of London, Can., bonds, . 
City of Winnipeg, Can., bonds, 
City of Kingston, Can., bonds, . 
City of Richmond, Va., bonds, . 
City of Toledo, Ohio, bonds, 
City of Riverside, Cal., bonds, . 
City of Brooklyn, N. Y., bonds, 
City of Colorado Springs, Col., bonds, 
City of Los Angeles, Cal., bonds, 
X. Y. & West Shore R'y bonds, 
Canadian Northern R'y Co. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 



Book Value. 

$182,537 50 
104,750 00 

12,200 00 

11,337 50 
159,744 

22,236 

22,860 

27,321 

11,562 

27,937, 50 

33,225 00 

26,500 00 
111,881 00 

13,470 00 
191,000 00 

49,750 00 



00 
00 
00 
06 
00 



Market Value. 

$172,635 00 
104,500 00 

11,400 00 

11.368 
150,000 

21,058 

20,952 

27,965 

10,926 

28,917 

30,573 

26,322 50 
113,740 00 

13,260 00 
190,550 00 

51,000 00 



00 
00 
00 
00 
22 
00 
50 
00 



BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 393 

Book Value. Market Value. 

Rochester Electric R'y Co. bonds, . . . $26,750 00 $27,750 00 

Toronto Electric Light Co. bonds, . . . 20,606 00 20,200 00 

Central Canada Loan & Savings Co. bonds, . 115,000 00 115,000 00 

Toronto Savings & Loan Co. debenture bonds, 50,000 00 50,000 00 

Canada Permanent Mortgage Corp. stock, . 9,960 00 10,906 80 



$1,230,627 56 $1,209,024 02 



UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN 

MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL, 

ENGLAND. 

Deposit Capital, $300,000. 

W. L. H. SIMPSON, United States Manager. 

Office, Cotton Exchange Building, Neiv York, N. Y. 

Income. 

Net marine premiums, $717,360 52 

Interest on stocks and bonds, 42,743 55 

Received from home office, 345,301 65 

Total income, $1,105,405 72 

Ledger assets, Dec. 31, 1903, 1,449,034 68 

Totai, '. 12,554,440 40 

Disbursements. 

Net amount paid for marine losses, $206,739 29 

Commissions or brokerage, 97,674 01 

Salaries, fees, etc., of officers and employees, .... 48,662 55 

Rents 7,000 04 

Taxes and fees, . . . t . 23,317 47 

Loss on sale or maturity of ledger assets, .... 215,633 85 

Remitted to home office, 644,756 06 

All other disbursements, 43,378 69 

Total disbursements, . $1,287,161 96 

Balance, $1,267,278 44 

Ledger Assets. 

Mortgages, $17,500 00 

Stocks and bonds (Schedule A), 988,678 85 

Cash in banks, 25,093 49 

Agents' balances, 236,006 10 

Total ledger assets, $1,267,278 44 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $437.50; bonds, $12,313.54 12,75104 

Market value of stocks and bonds over book value, . . 40,817 81 

Reinsurance due on losses paid, 21,806 72 

Gross assets, $1,342,654 01 



BRITISH AM) FOREIGN MARINE INSURANCE CO. (LIMITED). 



Assets not admitted. 

Cash not Id control of trustees, . . . $25,093 49 

its' balance.- over three months due, . 9,035 96 

cial deposits less $2,566.13 liab. thereon. . 53,718 87 

Agents 1 balances in excess of unearned prem's, 96,352 10 

Reinsurance due on losses paid, . . 20,034 95 

Total unadmitted assets, .... 



Total admitted assets, 



$204,235 37 
$1,138,418 64 



Liabilities. 

Unpaid losses, including 821,574.10 resisted, $381,612.39 ; less 
reinsurance, §202,005.44, 

Unearned premiums on outstanding risks, $130,618.04; plus 
same on disallowed reinsurance, 8244,828.64, 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 

Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, ....... 

Surplus over capital and general liabilities. . 

Total liabilities, 



$471,080 09 



£179,606 95 

375,446 68 

2,875 65 

29.432 04 

79,977 23 

£667,338 bb 

300,000 00 
171,080 09 



. $1,138,418 64 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 



Risks and Premiums. 

Premiums. 

. 820,641,994 00 8262,398 20 
. 630,374,860 00 1,724,948 62 



Total. 

Bisks expired and terminated. . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



8651,016.854 00 £1,987,346 82 
.630,909,065 00 1,729,604 83 



. 820,107,789 00 £257.741 99 
. 10,320,412 00 127,123 95 



Miscellaneous. 
Marine losses incurred during the year, . 



. 80,787,377 00 £130,618 04 
. £140,605 00 



n & Lowell R.R. bonds, 
Fitchbarg R.R. bonds, 
Old Colony Railroad bond-, 
Boston, Clinton, Fitchb. £ Xew 
X.w England R.R. bonds. 

- toil ft Maine R.R. bonds. 
Old Colony R.R. bonds. . 
Eastern R R. coupon bonds. 

ite of Massachusetts bonds, 



Schedule A. 






)?ids owned by the Company. 






Book Value. 


Market Value. 




.387 00 


£100,000 00 


. . . . 


29,801 52 


30,000 00 


.... 


51,763 86 


52,000 00 


T B. R.R. bonds, 


2 ."84 94 


2,160 00 


.... 


60,920 10 


65,000 00 


. . . 


12.603 01 


13,160 00 


. 


26,183 25 


26,500 00 


. . 


23,216 22 


23,524 99 


. 


12,840 12 


12,480 00 



CALEDONIAN INSURANCE CO. 



395 



City of Brooklyn bonds, . 

City of New York bonds, . 

District of Columbia bonds, 

City of Portland bonds, 

Pennsylvania R.R. Co. bonds, - 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Lehigh Valley R.R. bonds, 

Pitts., Ft. Wayne & Chicago R.R. stock, . 

Illinois Central R.R. (leased lines) stock, 

Cleveland & Pittsburg R.R. stock, . 



Book Value. 


Market Value. 


$43,244 28 


$42,367 50 


175,480 02 


172,925 00 


120,479 40 


118,979 17 


38,016 92 


38,347 50 


38,256 42 


40,560 00 


53,887 68 


63,800 00 


36,134 10 


38,150 00 


123,131 08 


141,710 00 


1,595 00 


1,582 50 


39,653 93 


46,250 00 


$988,678 85 $1,029,496 66 



UNITED STATES BRANCH OF THE " CALEDONIAN INSURANCE 
COMPANY," EDINBURGH, SCOTLAND. 

Deposit Capital, $200,000. 

CHARLES H. POST, United States Manager. 

Office, 50-52 Pine Street, New York, N. Y. 



Income. 
Net fire premiums, . . ....... 

Interest on stocks and bonds, .... 

Rents, including company's own occupancy, . 

Total income, 

Ledger assets, Dec. 31, 1903, . 

Total, 



$1,311,739 44 
45,811 15 
45,003 28 

$1,402,553 87 
1,723,324 82 

$3,125,878 69 



Disbursements. 

Net amount paid for fire losses, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, . 
Real estate taxes, $4,871.08 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 

Remitted to home office, 

All other disbursements, 

Total disbursements, 

Balance, 



11,216.36, 



$815,356 

299,056 

81,405 

7,594 

17,153 

36,087 

487 

20,727 

57,471 



62 
43 
32 
93 
39 
44 
73 
00 
49 



$1,335,340 35 
$1,790,538 34 



Ledger Assets 
Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, 
Bills receivable, not matured, . 
All other ledger assets, 



$434,555 

1,008,052 

150,111 

191,031 

366 

6,420 



66 
67 
43 
93 
11 
54 



Total ledger assets, $1,790,538 34 



396 CALEDONIAN INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued on bonds, $10,795 82 

Market value of stocks and bonds over book value, . . 16,197 33 

All other, 8,505 23 



Gross assets, $1,826,036 72 

Assets not admitted. 

Cash not in control of trustees, . . . $ 90,1 11 43 
Agents' balances over three months due, . 3,419 00 

Special deposits less f 33,837. 56 liab. thereon, . 61,762 44 

Total unadmitted assets, .... 155,292 87 



Total admitted assets, $1,670,743 85 

Liabilities. 

Unpaid losses, including $6,005 . 97 resisted, $127,737 . 31 ; less 

reinsurance, $14,288.82, $113,448 49 

Unearned premiums on outstanding risks, f 999, 189. 83; plus 

same on disallowed reinsurance, $4,695.57, . . . . 1,003,885 40 

Due for reinsurance premiums, 37,304 27 

Contingent liability, 10,000 00 



All liabilities, except capital and surplus, . . . $1,164,638 16 
Surplus to policv holders, .... $506,105 69 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 306,105 69 

Total liabilities, $1,670,743 85 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$185,921,643 00 $1,960,659 13 
. 154,551,050 00 1,782,206 52 



$340,472,693 00 $3,742,865 65 
. 139,010,080 00 1,545,551 27 



$201,462,613 00 $2,197,314 38 
. 25,516,890 00 298,920 25 



Net amount in force, .... $175,945,723 00 $1,898,394 13 

Miscellaneous. 

Fire losses incurred during the year, $813,543 00 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States government bonds, . . . $118,107 17 $105,000 00 

New York City bonds, 109,250 00 102,500 00 

Portland, Ore , bonds 57,284 47 58,500 00 

City of Richmond, Va., bonds, .... 24,825 25 26,750 00 



COLOGNE REINSURANCE CO. 397 



State of Georgia bonds, .... 
New York City bonds, .... 
New York State bonds, .... 
Richmond & Petersburg R.R. Co. bonds, 
St. Paul, Minn. & Manitoba R.R. Co. bonds, 
Chicago, Mil. & St. Paul R.R. Co. bonds, 
Chicago, Rock Island & Pacific R.R. Co. bonds 
Central Union Gas Co. of New York bonds, 
Brooklyn Union Gas Co. bonds, 
Chicago, Milwaukee & St. Paul R.R. Co. stock 
Consolidated Gas Co. of N. Y. stock, 
Manhattan R'y Co. stock, . . . 
Pennsylvania R.R. stock, .... 



Book Value. Market Value. 

$10,000 00 $10,350 00 

102,125 00 103,125 00 

102,750 00 100,125 00 

50,500 00 55,000 00 

44,257 50 51,500 00 

58,553 59 55,000 00 

51,750 00 52,125 00 

5,500 00 5,450 00 

5,788 53 5,775 00 

99,974 74 110,025 00 

58,903 20 59,400 00 

67,970 72 82,375 00 

40,512 50 41,250 00 



$1,008,052 67 $1,024,250 00 



UNITED STATES BRANCH OF THE "COLOGNE REINSURANCE 
COMPANY," COLOGNE, GERMANY. 

Deposit Capital, $200,000. 

E. M. CRAGIN, United States Manager. 

Office, 58 Liberty Street, New York, N. Y. 

Income. 

Net fire premiums, $555,383 33 

Interest on bonds, $22,520; all other, $66.12, . . . . 22,586 12 

Total income, $577,969 45 

Ledger assets, Dec. 31, 1903, . . . . . . . 742,629 08 

Total, $1,320,598 53 

Disbursements. 

Net amount paid for fire losses, $262,115 19 

Commissions or brokerage, 159,033 88 

Taxes and fees, 7,174 78 

Remitted to home office, 85,329 42 

All other disbursements, 45 00 

Total disbursements, $513,698 27 

Balance, $806,900 26 

Ledger Assets. 

Bonds (Schedule A) $635,320 84 

Cash in banks, 25,302 74 

Agents' balances, 146,276 68 

Total ledger assets, $806,900 26 

Non-Ledger Assets. 

Interest accrued on bonds, 6,270 00 

Gross assets, $813,170 26 



? 



E REINSURANCE CO. 



Assets kot admitted. 



lances over three months due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

T tal admitted assets, 



95 

4,2, 



£16,939 79 



1796,230 47 



Liabilities. 

paid losses, . ',263 00 

Unearned premiums on outstanding risks, .... 419,489 63 

Commissions and other charges due agents and brok- . 40,130 78 

All liabilities, except capital and surplus. . . . -5519.883 35 
Surplus to policv holders, .... 1276,347 12 

Depoe Had, ,000 00 

Surplus over capital aud general liabilities 76,347 12 

I Lai liabilities I 



Ri-ks akd Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 19 . -3,196,052 00 1765.095 65 

Fire risks written durin- 1 . 75,838,532 00 7,070 09 



T : 
Risks expired and termimv 

In force at end of vear, . 



(151 $1,472,165 74 

. 71,468,951 00 1.896 85 



187,565,633 00 $800,268 89 



Miscellaneous. 
Fire losses incurred during the ve 



$293,980 00 



Schedule A. 
Boh. kt Company. 



United States bonds. ..... 

New York City bonds, . . . . 

Atchison. Topeka & Santa Fe R'y bonds, 
Central Pacific R'y Co. bonds. . 

Pacific R'v bor 
Chic, Milwaoka k Si u y Co. bonds, 
d Pacific R'y Co. bonds. . 



Book Valae. 

2 B . 
162,100 do 
51,096 25 
69,527 04 
41,3 12 
57. - 
51, 



Market Value. 

$206,700 00 

152.250 00 

51,250 00 

72,360 00 

40,480 00 

".875 00 

50,160 00 



20 $4 00 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 



399 



UNITED STATES BRANCH OF THE "COMMERCIAL UNION 
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $300,000. 
A. H. WRAY, United States Manager. 

Office, Corner Pine and William streets, New York, N. Y. 



Income. 

Net fire premiums, $4,496,278.28 ; marine, $177,584.91, 
Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $4,964.20; stocks and bonds 

$46,286.15; all other, $3,299.48, . . . . .,'. 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
Received from home office, 

Total income, 

Ledger assets, Dec. 31, 1903, 

Total, ...'.. 



$4,673,863 19 
1,284 69 

54,549 83 

63,259 36 

486 25 

335,497 99 

$5,128,941 31 
4,084,754 38 

$9,213,695 69 



Disbursements. 

Net amount paid for fire losses, $2,325,361.82 ; marine, $83,- 

264.35, $2,408,626 17 

Commissions or brokerage, 1,264,705 52 

Salaries, fees, etc., of officers and employees, .... 159,559 12 

Rents, including company's own occupancy, .... 18,095 81 

Repairs and expenses on real estate, 27,145 71 

Real estate taxes, $12,653.82 ; other taxes and fees, $82,024.15, 94,677 97 

All other disbursements, 161,562 08 

$4,134,372 38 



Total disbursements, . 
Balance, 



. $5,079,323 31 



Ledger Assets. 

Real estate, $782,309.81 ; mortgages, $115,000, 

Stocks and bonds (Schedule A), 

Cash in banks and office, . 

Agents' balances, 

Bills receivable, not matured, . 

Reinsurance due on losses paid, 

Total ledger assets, . 



$897,309 81 

2,798,516 55 

686,029 71 

677,437 34 

9,569 42 

10,460 48 

$5,079,323 31 



Non-Ledger Assets. 

Interest accrued on mortgages, . 
Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value. 

Gross assets, 



1,652 50 

10,774 22 

105,838 88 

139,083 45 

$5,336,672 36 



400 



COMMERCIAL UNION ASSURANCE CO. (LIMITED.) 



Assets not admitted. 

Cash not in control of trustees, $ 

Agents 1 balances over three months due, 
Special deposits less $101,367.36 liab. thereon, 
Reinsurance due on losses paid, 

Total unadmitted assets, .... 

Total admitted assets, .... 



118,167 44 

10,842 54 

53,182 64 

2,414 47 



$184,607 09 



. $5,152,065 27 



Liabilities. 

Unpaid losses, including $31,100 resisted, $440,959.01 ; less 

reinsurance, $40,464. 34, $400,494 67 

Unearned premiums on outstanding risks, $3,129,939.24 ; plus 

same on disallowed'reinsurance, $5,976.07,. . . . 3,135,915 31 

Reclaimable on perpetual fire policies, 107,191 95 

Commissions and other charges due agents and brokers, . 91,317 32 

Due for return premiums, $18,450.67 ; reinsurance, $35,680.25, 54,130 92 

All liabilities, except capital and surplus, . . . $3,789,050 17 

Surplus to policy holders, $1,363,015 10 

Deposit capital 300,00000 

Surplus over capital and general liabilities, .... 1,063,015 10 



Total liabilities, 



. $5,152,065 27 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



$432,639,518 00 

.714,224,300 00 

$1,146,863,818 00 

. 475,938,883 00 

$670,924,935 00 

. 69,570,363 00 



Premiums. 

$4,801,438 41 
6,011,800 87 

$10,813,239 28 
4,024,226 62 

$6,789,012 66 
629,944 18 



$601,354,572 00 $6,159,068 48 
Perpetual risks in force (not included above), $5,600,160 00 $119,102 17 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, -. 
Amount reinsured, .... 

Net amount in force, . 



. $5,062,564 00 

. 137,479,422 00 

$142,541,986 00 

. 137,021,511 00 

. $5,520,475 00 

449,173 00 



$112,537 21 
225,942 21 

$338,479 42 
233,233 83 

$105,245 59 
8,392 00 



$5,071,302 00 $96,853 59 



Miscellaneous. 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 



. $2,363,640 00 
91,924 00 



HAMBURG-BREMEN FIRE INSURANCE CO. 



401 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, 

New York City bonds, .... 
Wisconsin, Minn. & Pacific R.R. bonds, . 
Northern Pacific R.R. bonds, . 
Union Pacific R.R. bonds, .... 
Minnea., St. Paul & Sault Ste M. R R. bonds, 

Southern R'y bonds, 

N. Y. Cent. & Hudson River R.R. bonds, 
Chicago, Mil. & St. Paul R.R. bonds, 
Chicago & Northwestern R.R. bonds, 
Indianapolis & Vincennes R.R. bonds, 
Chic, Rock Island & Pacific R.R. bonds, . 
Chicago & Northwestern R.R. bonds, 
Central R.R. of New Jersey bonds, . 
West Shore R R. bonds, .... 
Western Pennsylvania R.R. bonds, . 
Lehigh Valley R.R of N. Y. bonds, . . . 
Illinois Central R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Cleve., Cin., Chicago & St. Louis R.R. bonds, 
Chic, Rock Island & Pacific R.R. bonds, . 
Norfolk & Western R R. bonds, 
Milwaukee, Lake Shore & West. R.R. bonds, 
Chic, Mil. & St. Paul R.R. bonds, . 
Pennsylvania Co. trust cert, bonds, . 
Penn. steel equip, trust bonds, . 
N. Y , N. H. & Hartford R.R. stock, 
Manhattan R'y Co. stock, .... 
Baltimore & Ohio R.R. stock, . 
Union Pacific R.R. stock, .... 
Pitts., Ft. Wayne & Chic. R.R. stock, 
Underwriters 1 Sal. Associa. of N. Y. stock, 



00 
00 
00 
61 
08 
00 



Book Value. 

1506,633 66 

318,581 
97,000 

103,200 
88,409 

101,646 

116,480 
99,138 50 
76,700 30 
71,089 56 
67,073 58 

116,960 20 
56,352 
54,558 
51,175 
51,192 

102,187 
48,700 00 
46,980 92 
45,521 91 
49,165 00 
64,856 50 
28,398 59 
25,575 42 
95,800 00 
72,448 75 

107,800 00 
65,062 50 
22,560 00 
22,418 75 
23,850 00 
1,000 00 



97 

27 
00 
28 
20 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
50 
00 



Market Value. 

$547,550 00 

304,750 00 
97,350 

104,000 

107,500 

101,000 

120,750 
99,750 
84,000 
74,550 
68,900 

125,875 
64,562 
68,125 
54,250 00 
51,750 00 

106,750 00 
48,125 00 
48,625 00 
48,500 00 
48,625 00 
66,562 50 
32,250 00 
29,562 50 
93,500 00 
72,000 00 

109,175 
82,500 
23,875 
24,437 
27,450 00 
1,000 00 



00 
00 
00 
50 



1,798,516 55 $2,937,600 CO 



UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE 

INSURANCE COMPANY," HAMBURG, GERMANY. 

Deposit Capital, $200,000. 

F. O. AFFELD, United States Manager. 

Office, 19 Liberty Street, New York, N. Y. 

Income. 

Net fire premiums, $1,806,767 75 

Interest on collaterals, f 383 . 56 ; bonds, $59,40 1 . 25 ; al 1 other, 

$4,063.37 63,848 18 

Profit on sale or maturity of ledger assets, .... 2,515 64 

Received from home office, 105,045 00 

Total income, $1,978,176 57 

Ledger assets, Dec 31, 1903, 1,779,490 97 



Total, 



$3,757,667 54 



401' 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Disbursements 

Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 

Remitted to home office, . 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



$1,029,283 70 

378,701 51 

142,879 48 

13,878 01 

45,246 95 

8,329 16 

128,160 01 

96,934 85 

11,843,413 67 

11,914,253 87 



Bonds (Schedule A), 
Cash in banks, . 
Agents' balances, 

Total ledsrer assets. 



Ledger Assets. 



*1,641,U4 92 
139,045 91 
134,063 04 

* 1,914,253 87 



Xon-Ledger Asset: 

Interest accrued on bonds, .... 

Market value of bonds over book value. . 



Gross assets, 



21,773 33 
74,340 50 

$2,010,367 70 



Assets not admitted. 

Cash not in control of trustees, 
Bonds not in control of trustees, 
Agents 1 balances over three months due, 
Special deposits less §61,758.63 liab. thereon, 
Total unadmitted assets, . 

Total admitted assets, .... 



$34,045 91 

30,975 00 

1,429 09 

37,741 37 



104,191 37 



. fl,906,176 33 



Liabilities. 

Unpaid losses, including $123,175 resisted, 
Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers. 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Deposit capital, ....... 

Surplus over capital and general liabilities, . 



$300,790 15 



$221,845 00 

1,383,337 56 

203 62 

. $1,605,386 18 



200,000 00 
100,790 15 



Total liabilities, 



Sl,906,17o 33 



HAMBURG-BREMEN FIRE INSURANCE CO. 



403 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$204,735,543 00 $2,628,242 53 
. 171,689,609 00 2,203,423 03 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$376,425,152 00 $4,831,665 56 
. 153,956,145 00 2,063,588 59 



$222,469,007 00 $2,768,076 97 
. 7,163,517 00 79,561 77 



$215,305,490 00 $2,688,515 20 



Miscellaneous. 
Fire losses incurred during the year, 



. $1,146,529 00 



Schedule A. 
Bonds owned by the Company. 



United States bonds, .... 

Georgia State bonds, 

Republic of Cuba gold bond certificates, 

New York City bonds, 

Portland City, Ore., bonds, 

Providence City, R. I., bonds, . 

Richmond City, Va., bonds, 

St. Louis City, Mo., bonds, 

Edison Elec. Illuminating Co. of N. Y. bonds 

Atchison, Topeka & Santa Fe R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

Beech Creek R.R. bonds, .... 

Central of Georgia R.R. bonds, 

Central Pacific R'y Co. bonds, . 

Chesapeake & Ohio R'y Co. bonds, . 

Chicago & Alton R'y Co. bonds, 

Chic, Mil. & St. Paul R.R. bonds, . 

Cin., Indianap., St. Louis & Chic. R.R. bonds, 

Denver & Rio Grande R.R. bonds, . 

East Tenn., Virginia & Georgia R.R. bonds, 

Erie Railroad Co. bonds, .... 

Hocking Valley R'y Co. bonds, 

Illinois Central Railroad bonds, 

Lake Erie & Western R.R. bonds, . 

Long Island R 11. bonds, .... 

Louisville & Nashville R.R. bonds, . 

Missouri, Kan. & Texas R.R. Co. bonds, . 

Missouri Pacific R'y Co bonds, 

N. Y., Chicago & St. Louis R.R. bonds, . 

Norfolk & Western R'y Co. bonds, . 

Northern Pacific R.R. Co. bonds, 

Oregon Railway & Navigation Co. bonds, 

Oregon Short Line R.R. Co. bonds, . 

Pennsylvania Co. bonds, .... 

Pennsylvania R.R. bonds, 



Book Value. 

$109,411 83 
10,650 00 
30,750 00 
234,425 00 
54,910 70 
26,937 50 
28,730 50 
24,437 50 
20,466 00 
49,000 00 
46,947 50 
20,005 
34,060 
49,389 
29,485 
22,275 
54,411 
29,776 
44,752 
25,990 
48,435 
43,670 00 
47,471 50 
32,481 00 
33,447 50 
30,300 00 
46,641 00 
10,283 00 
27,142 
30,285 
26,512 
24,331 
23,450 
31,762 
25,958 



00 
00 
00 
00 
00 
34 
00 
00 
00 
00 



00 
00 
00 
50 
00 
50 
00 



Market Value. 

$109,987 50 
11,250 00 
30,475 00 
236,018 75 
56,625 00 
27,000 00 
29,525 00 
25,093 75 
20,566 67 
51,250 00 
47,125 00 
20,825 00 
35,075 00 
50,416 67 
29,354 17 
24,075 00 
56,625 00 
30,025 00 
50,125 00 
30,072 92 
50,000 00 
43,500 00 
49,437 50 
35,250 00 
34,575 00 
34,700 00 
50,333 33 
10,645 83 
30,937 50 
30,000 00 
31,425 00 
25,541 67 
23,800 00 
32,925 00 
26,908 33 



404 



LAW, UNION AND CROWN INSURANCE CO, 



Pitts., Cin., Chic. & St. Louis R.R. bonds, 
Read. Co , & The Phil. & Read. C. & I. Co. bMs, 
St. Louis & San Francisco R.R. bonds, . 
St. Paul, Minn. & Manitoba R.R. bonds, . 
Scioto Valley & New England R.R. bonds, 
Union Pacitic R.R. bonds, .... 
Wabash R.R bonds, ..... 



Book Value. 

$32,514 00 
28,575 00 
15,530 00 
30,182 30 
21,750 00 
30,336 00 
53,277 75 



Market Value. 

$33,562 50 
30,450 00 
16,837 50 
32,962 50 
30,250 00 
31,350 00 
58,583 33 



$1,641,144 92 $1,715,485 42 



UNITED STATES BRANCH OF THE "LAW, UNION AND CROWN 
INSURANCE COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

HALL & HENSHAW, United States Managers. 

Office, 35 Pine Street, New York City. 

Income. 

Net lire premiums, $412,385 15 

Interest on stocks and bonds, $27,288.18; all other, $214.81, ' 27,502 99 

Profit on sale or maturity of ledger assets, .... 7,887 00 

Received from home office, 107,675 00 

Total income, $555,450 14 

Ledger assets, Dec. 31, 1903, 881,667 69 



Total, 



. $1,437,117 83 



Disbursements. 

Net amount paid for fire losses, $328,102 11 

Commissions or brokerage, . . . . . . . 102,475 69 

Salaries, fees, etc., of officers and employees, .... 13,940 01 

Rents, 1,249 92 

Taxes and fees, 10,668 81 

Remitted to home office, 58,950 54 

All other disbursements, 17,280 04 

Total disbursements, $532,667 12 

Balance, $904,450 71 

Ledger Assets. 

Stocks and bonds (Schedule A), $799,774 50 

Cash in banks, 33,157 42 

Agents' balances, 71,518 79 

Total ledger assets, $904,450 71 

Non-Ledger Assets. 
Interest accrued : — 

On bonds, $8,725.40; other assets, $82, 8,807 40 

Gross assets, $913,258 11 



LAW, UNION AND CROWN INSURANCE CO. 



405 



Assets not admitted. 

Cash not in control of trustees, . . . $33,157 42 

Agents' balances over three months due, . 132 28 

Special deposits less $22,699.95 liab. thereon, . 101,150 05 

Depreciation in book value of stocks and bonds, 23,667 00 

Total unadmitted assets, .... 

Total admitted assets, 



$158,106 75 
$755,151 36 



Liabilities. 

Unpaid losses, including $8,481.25 resisted, $56,828.54 ; less 

reinsurance, $4,485, 

Unearned premiums on outstanding risks, .... 
Due for return premiums, $290 ; reinsurance, $10,116.48, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $423,375 32 

Deposit capital, 

Surplus over capital and general liabilities, .... 



>,343 54 
269,026 02 
10,406 48 

$331,776 04 

200,000 00 
223,375 32 



Total liabilities, $755,151 36 



Risks and Pkemiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



. $43,073,932 00 
. 53,449,245 00 



1,523,177 00 
. 46,067,653 00 

. $50,455,524 00 
. 5,705,174 00 



Premiums. 

$519,025 49 
631,640 15 

1,150,665 64 
550,413 44 

,252 20 
88,055 61 



.$44,750,350 00 $512,196 59 



Miscellaneous. 
Fire losses incurred during the year, 



$350,794 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



City of New York bonds, . 
City of Portland, Ore., bonds, 
City of Richmond, Va., bonds, 
State of Georgia bonds, . 
Illinois Central R.R. bonds, 
Pitts., Cin., Chic. & St. Louis R.R. bonds, 
Standard Gas Lt Co. of N. Y. bonds, 
Chicago-Great Western R.R. stock, . 
Allegheny & Western R.R. stock, . 
Atchison, Topeka & Santa Fe R.R. stock, 
Pitts., Ft. Wayne & Chicago R.R. stock, 
Rensselaer & Saratoga R.R. stock, 



Book Value. 

$418,521 25 
60,842 00 
53,967 50 
10,815 00 
20,300 00 
39,025 00 
23,200 00 
45,000 00 
44,468 75 
54,325 00 
4,350 00 
24,960 00 



Market Value. 

$397,835 00 
58,750 00 
54,?50 00 
10,800 00 
20,600 00 
39,200 00 
22,000 00 
43,000 00 
45,300 00 
54,035 00 
4,587 50 
25,750 00 



$799,774 50 $776,107 50 



4<M') LIVERPOOL AND LONDON AND GLOBE INSURANT!-: CO. 



UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 
HENRY W.EATON, United States Manager. 

Office, 45 William Street, New York, N. Y. 

Income. 

Net fire premiums, $6,974,168 30 

Deposit premiums on perpetual risks, 9,154 11 

Interest on mortgage loans, $160,739.78 : stocks and bonds, 

s 140,250; all other, $14,136.18, 315,125 96 

Rents, including company's own occupancy, .... 97,974 27 

Received from home office, . 417,901 45 

From all other sources, 1,391 36 



Total income, 
Ledger assets, Dec. 31, 1903, 



Total, 



. $7,815,715 45 
. 11,918,625 59 

$19,734,341 04 



Disbursements. 

Net amount paid for fire losses, 

Deposit premiums returned, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Real estate taxes,f 31,637. 17 ; othertaxesandfees,$ 193,393.76 

Loss on sale or maturity of ledger assets, 

Remitted to home office, 

Expenditure life account, 

All other disbursements, ....... 



$4,928,258 27 

15,838 74 

1,332,859 

390,980 

58,710 

225,030 

13,843 

485,288 

60 



66 
67 
20 
93 
27 
50 
13 



380,054 84 



Total disbursements, $7,830,925 21 



Balance, 



$11,903,415 83 



Ledger Assets. 

Real estate, 11,849,576.31 ; mortgages, $3,318,450,. 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents" balances, 



I'ntal ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $38,185.87 ; other assets, $188.90, . 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Perpetual policy premium due, . 

Gross assets, 



. $5,168,026 31 
. 4,062,532 82 
. 1,335,764 42 
. 1,337,092 28 

$11,903,415 83 



38,374 77 

10,140 80 

7,673 38 

169,758 43 

7 50 

$12,129,370 71 



LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 407 



Assets not admitted. 

Cash not in control of trustees, . . . $152,795 26 

Real estate not in control of trustees, . . 583,776 62 

Agents 1 balances over three months due, . 21,972 28 

Special deposits less $135,291.61 liab. thereon, 14,808 39 

Total unadmitted assets, .... 

Total admitted assets, 



$773,352 55 
111,356,018 16 



Liabilities. 

Unpaid losses, including $87,790 resisted, $1,102,863.28 ; less 

reinsurance, $486,670.06, $616,193 22 

Unearned premiums on outstanding risks, $5,767,675 . 26 ; plus 

same on disallowed reinsurance, $21,747.18, . . . 5,789,422 44 

Reclaimable on perpetual fire policies, 269,754 66 

Due for return premiums, $70,224.55; reinsurance, $234,- 

938.02, 305,162 57 

Reserve for life policies, 59,720 76 

Reserve for contingencies, 20,000 00 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



^,295,764 51 



. $7,060,253 65 



200.000 00 
. 4,095,764 51 

$11,356,018 16 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 



Risks and Premiums. 

Premiums. 

$1,201,493,564 00 $12,497,665 53 
1,016,406,051 00 11,066,077 58 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$2,217,899,615 00 $23,563,743 11 
935,239,094 00 10,295,682 17 



$1,282,660,521 00 $13,268,060 94 
256,713,488 00 2,209,925 13 



$1,025,947,033 00 $11,058,135 81 



Perpetual risks in force (not included above), . $9,013,712 00 $283,952 27 



Miscellaneous. 
Fire losses incurred during the year, 



. $4,793,241 00 



Schedule A. 

Stocks and Bonds owned by the Compawj. 

Book Value. 



United States bonds, 
State of New York bonds, 
City of Richmond bonds, . 
City of Boston bonds, 
Bernalillo Co., New Mex., bonds, 
New Mexico territorial bonds,. 



Market Value. 

81,123,942 91 $1,289,040 00 

103,385 54 103,125 00 

5,218 56 6,100 00 

182,926 42 186,975 00 

5,454 91 5,806 25 

5,759 83 6,743 75 



M)8 



LONDON ASSURANCE CORPORATION. 



City of New York bond- 

bison, Topeka & Santa Fe R R. bonds, 
Northern Pacific R'y bonds, 
Union Pacific R.R. bonds, 

St. Louis. Iron Mt. & Southern Ry bonds, 
Atlantic Coast Line R.R. bonds, 

ve.. Col . Cin. & Ind. R.R. bonds, 
Southern R'y Co. bonds, . 
Illinois Central R.R. (leased lines) stock 
Baltimore & Ohio R.R. stock, . 
Chic, Mil. & St. Paul R.R. stock, . 
Southern R'y Co. stock, . 
Union Pacific R.R. Co. stock, . 
Norfolk & Western R.R Co. stock, . 



Book Value. 


Market Value. 


§1,056,862 86 $1,031,146 25 


103,181 37 


103,500 00 


104,351 85 


106,000 00 


105,483 35 


107,500 00 


169,987 70 


175,500 00 


246,572 16 


253,750 00 


121,148 82 


122,250 00 


113,103 60 


120,750 00 


59,544 61 


57,680 00 


71,695 83 


76,200 00 


227,525 00 


220,800 00 


95,125 00 


96,875 00 


67,137 50 


68,425 00 


94.125 00 


94,125 00 



$4,062,532 82 $4,232,291 25 



UNITED STATES BRANCH OF THE -LONDON ASSURANCE 
CORPORATION," LONDON. 

[FIRE BRANCH.] 

Deposit Capital, $-200,000. 

CHAS. L. CASE, United States Manager. 

Office, 44 Pine Street, New York, X. Y. 



Income. 

Net fire premiums, ....... 

Interest on bonds, 871,955.59 : all other, f 6,416. 67, 
Received from home office, 

Total income, . 

Ledger assets, Dec. 31, 1903, 

Total, 



81,567,405 00 

78,372 26 

152,428 91 

$1,798,206 17 
2,171,723 24 

$3,969,929 41 



Disbursements. 

Net amouut paid for fire losses, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, . 

Taxes and fees, 

Remitted to home office 

All other disbursement- . . . . 

Total disbursements, . 

Balance, . 



8878.168 15 

296,371 09 

122,634 42 

15,148 07 

•41,025 39 

288,695 94 

71,319 21 

81,713,362 27 
$2,256,567 14 



Ledger Assets. 



Bonds (Schedule A), 
Ca>h in banks and office, 
■nts* balance-. 

Total ledger assets, 



$1,867,026 13 

165.277 93 

224,263 08 

f2,256«567 14 



LONDON ASSURANCE CORPORATION. 409 

Non-Ledger Assets. 
Reinsurance due on losses paid, f 267 07 



Gross assets $2,256,834 21 

Assets not admitted. 

Cash not in control of trustees, . . . $7,721 17 

Agents' balances over three months due, . 650 01 

Special deposits less $63,236.76 liab. thereon, 53,138 24 

Depreciation in book value of bonds, . . 14,503 00 

Total unadmitted assets, .... 76,012 42 



Total admitted assets, $2,180,821 79 

Liabilities. 

Unpaid losses, including $11,402 resisted, $122,371.23 ; less 

reinsurance, $15,849.56, $106,52167 

Unearned premiums on outstanding risks, $1,268,118.74 ; plus 

same on disallowed reinsurance, $915.67, .... 1,269,03441 

Commissions and other charges due agents and brokers, . 16,034 43 

Due for reinsurance premiums, 9,609 97 



All liabilities, except capital and surplus, . . .$1,401,200 48 
Surplus to policy holders, .... $779,621 31 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 579,621 31 



Total liabilities, $2,180,821 79 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Premiums. 

$225,024,698 00 $2,501,010 97 
. 177,841,484 00 2,071,346 20 



$402,866,182 00 $4,572,357 17 
. 160,295,998 00 1,865,189 61 



$242,570,184 00 $2,707,167 56 
. 26,663,913 00 268,153 82 



Net amount in force, . . . . $215,906,271 00 $2,439,013 74 

Miscellaneous. 
Fire losses incurred during the year, $892,870 00 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $538,150 00 $494,959 38 

Atchison, Topeka & Santa Fe R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

Brooklyn Union Gas Co. bonds, 

Garth., Waterfn & Sack. Harbor R.R. bonds, 



42,500 00 43,987 50 
63,670 00 66,400 00 



34,500 00 34,950 00 
58,500 00 58,250 00 



410 



LONDON ASSURANCE CORPORATION. 



Central R.R Co. of New Jersey bonds, . 

Central Union Gas Co. bonds, . 

Chicago, Mil. & St. Paul R.R. bonds, 

Chic , Rock Isl. & Pacific R.R. Co. bonds, 

Chic, St. Louis & New Orleans R.R. bonds, 

City of New York bonds, . 

City of Richmond (Va.) bonds, 

Erie R.R. Co., Penn., bonds, 

Lehigh Valley R'y Co. bonds, . 

Long Island R.R. bonds, . 

Louisville & Nashville R.R. bonds, 

Mil , Lake Shore & Western R.R. bonds,. 

N. Y. Gas & Elec. Lt., Ht. & Pow. Co. bonds, 

N. Y., Lake Erie & Western R.R. bonds, . 

New Amsterdam Gas Co. bonds, 

Northern Pacific-Great Northern bond, . 

Oregon Short Line R R. Co. bonds, . 

Pitts., Cin.. Chic. & St. Louis bonds, 

Read. Co. & Phil. & Read. C'l & Iron Co. b'ds 

St. Paul, Minn. & Manitoba R.R. bonds, . 

Scioto Valley & New England R.R. bonds, 

United States Mortgage & Trust Co. bonds, 



Book Value. 

$25,000 00 

51,000 00 

57,750 00 

49,067 

9,920 

224,794 
50,000 
47,575 
31,500 

116,820 
31,250 
33,750 00 
48,452 50 
40,000 00 
25,367 08 
53,760 00 
95,000 00 
28,250 00 
12,600 00 
33,750 00 
29,100 00 
35,000 00 



Market Value. 

$34,125 00 
54,250 00 



50 
00 
05 
00 
00 
00 
00 
00 



57,875 

49,250 

9,520 

206,621 

53,000 

47,625 

33,450 
116,325 

33,125 

33,875 

47,875 

54,000 00 

25,645 00 

56,490 

97,375 

28,375 

15,525 

34,125 

30,525 00 

35,000 00 



00 
00 
00 
25 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



.,867,026 13 $1,852,523 13 



united states branch of the "london assurance 
corporation; 1 London. 

[MARINE BRANCH.] 

Deposit Capital, $300,000. 

PERCY CHUBB & SON, United States Managers. 

Office, 5-7 South William Street, New York, N. Y. 



Income. 

Net marine premiums, 

Interest on bonds, $16,872.50 ; all other, f 1,727.66, 

Total income, 

Ledger assets, Dec. 31, 1903, 



Total, 



$337,633 01 
18,600 16 

$356,233 17 
595,137 03 

$951,370 20 



Disbursements. 



Net amount paid for marine losses, 
Commissions or brokerage, 
Taxes and fees, 
Remitted to home office, . 
All other disbursements, . 



$127,980 19 

83,202 58 

8,253 91 

113,908 79 

11,967 40 



Total disbursements, $345,312 87 



Balance, 



$606,057 33 



LONDON ASSURANCE CORPORATION. 411 



Ledger Assets. 

Bonds (Schedule A), $462,325 00 

Cash in banks and office, 59,776 75 

Agents' balances, 83,955 58 



Total ledger assets, $606,057 33 

Non-Ledger Assets. 

Interest accrued on bonds, $5,783 34 

Market value of bonds over book value, .... 17,112 50 



Gross assets, •. $628,953 17 



Assets not admitted. 

Cash not in control of trustees, . . . $ 30,408 72 
Agents' balances over three months due, . 12,217 72 

Agents' balances in excess of unearned prems., 30,562 96 

Total unadmitted assets, .... 73,189 40 



Total admitted assets, |555,763 77 



Liabilities. 

Unpaid losses, $96,473.37; less reinsurance, $16,000, . . $80,473 37 
Unearned premiums on outstanding risks, $41,174.90 ; plus 

same on disallowed reinsurance, $9,081.82, . . . 50,256 72 

Salaries and other miscellaneous expenses, due or accrued, . 7,923 34 

Commissions and other charges due agents and brokers, . 7,128 27 

Due for return premiums, $34.70; reinsurance, $22,291.61, . 22,326 31 



All liabilities, except capital and surplus, . . . $168,108 01 
Surplus to policy holders, .... $387,655 76 

Deposit capital, 300,000 00 

Surplus over capital and general liabilities, .... 87,655 76 



Total liabilities $555,763 77 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 



Risks and Premiums. 

Premiums. 

.$14,376,269 00 $124,759 66 
.186,527,292 00 881,181 80 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



$200,903,561 00 $1,005,941 46 
. 191,983,327 00 929,750 15 



. $8,920,234 00 $76,191 31 
. 2,894,154 00 26,135 19 



Net amount in force, $6,026,080 00 $50,056 12 

Miscellaneous. 
Marine and inland losses incurred during the year, . . $147,954 00 



412 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 



Schedule A. 

Bonds owned by the Company. 



City of New York bonds, 

City of Brooklyn bonds, 

City of Boston bonds 

Cleve., Cin., Chic. & St. Louis R.R. Co. bonds, 
Chicago. & Erie R.R. Co. bonds, 
Chesapeake & Ohio R.R. Co. bonds, 



Book Value. 

$112,325 00 

100,000 00 

100,000 00 

50,000 00 

50,000 00 

50,000 00 



Market Value. 

$111,312 50 
97,875 00 
101,875 00 
48,750 00 
60,562 50 
59,062 50 



|462,325 00 $479,437 50 



UNITED STATES BRANCH OF THE "LONDON AND LANCASHIRE 
FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 

ARCHIBALD G. McILWAINE, Jr., United States Manager. 

Office, 57-59 William Street, New York, N. Y. 



Income. 

Net fire premiums, 

Interest on stocks and bonds, $78,297.32 ; all other, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 



. $2,173,727 46 

1,425.68, 84,723 00 

18,012 52 

5,876 82 



Total income $2,282,339 80 

Ledger assets, Dec. 31, 1903, 2,754,393 96 



Total, . 



$5,036,733 76 



Disbursements. 



Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . . . . 
Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $4,721.22 ; other taxes and fees, $59,312 09, 

Remitted to home office, 

All other disbursements, 

Total disbursements, 

Balance, . . 



Ledger Assets. 

Real estate, 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Cash in hands of trustees, . 

Cash in hands of special agents and others, 

Agents' balances, 

Bills receivable, not matured, . 
Balances due from other companies, 



$1,252,639 30 

417,917 16 

141,875 51 

22,575 54 

11,301 66 

64,033 31 

3,326 55 

104,877 43 

. $2,018,546 46 

. $3,018,187 30 



$300,000 00 

1,994,699 63 

217,542 36 

102,500 00 

1,760 75 

368,882 65 

2,138 60 

30,663 31 



Total ledger assets, $3,018,187 30 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 413 



Non-Ledger Assets. 

Interest due and accrued on bonds, $29,056 25 

Rents due and accrued on company's property, . . . 1,556 74 

Market value of stocks and bonds over book value, . . 35,460 45 

All other, 14,815 71 



Gross assets, $3,099,076 45 

Assets not admitted. 

Cash not in control of trustees, . . . $219,303 11 

Rents not in control of trustees, . . . 1,556 74 

Agents 1 balances over three months due, . 8,017 38 

Special deposits less $57,022.27 liab. thereon, 73,002 73 

Balances due from other companies, . . 30,663 31 

Total unadmitted assets, .... 332,543 27 



Total admitted assets, $2,766,533 18 

Liabilities. 

• 

Unpaid losses, including $19,722 . 22 resisted, $19 1,51 2 . 93 ; less 

reinsurance, $39,809.78, $151,703 15 

Unearned premiums on outstanding risks, $1,824,703.44 ; plus 

same on disallowed reinsurance, $11,668.74, . . . 1,836,372 18 

Due for return premiums, $2,325.29; reinsurance, $54,549.71, 56,875 00 



All liabilities, except capital and surplus, . . . $2,044,950 33 
Surplus to policy holders, .... $721,582 ^5 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 521,582 85 



Total liabilities, $2,766,533 18 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$382,812,197 00 $3,712,581 80 
.296,972,112 00 3,130,705 89 



$679,784,309 00 $6,843,287 69 
. 271,003,861 00 2,809,418 93 



$408,780,448 00 $4,033,868 76 
. 54,002,005 00 551,737 40 



Net amount in force, .... $354,778,443 00 $3,482,131 36 

Miscellaneous. 
Fire losses incurred during the year, $1,291,425 00 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds $173,369 68 $188,826 67 

Atlantic Coast Line bonds, .... 23,250 00 24,791 66 

Baltimore & Ohio R.R. bonds, .... 101,325 00 98,700 00 



414 



MANNHEIM INSURANCE CO. 



Baltimore & Ohio bonds, . 

Beech Creek R.R. Co. bonds, . 

Chesapeake & Ohio R'y Co. bonds, . 

Chic., Burl. & Quincv R.R. Co. bonds, 

Chicago, Mil. & St. Paul R'y Co. bonds, 

Chic, St. Paul, Minnea & Omaha bonds, 

Chic, Rock Isl. & Pacific R'y Co. bonds, 

Chicago & Erie bonds, . ' . 

Cincinnati, Dayton & Ironton bonds, 

Cin., Ind., St. Louis & Chic R'y Co. bonds, 

Delaware & Hudson Canal Co. bonds, 

Flint & Pere Marquette bonds, 

Illinois Central R.R. Co. bonds, 

Lake Erie & Western R.R. Co. bonds, 

Lehigh Valley R.R. Co. (N. Y.) bonds, 

Mil., Lake Shore & Western bonds, . 

Mil., Lake Shore & Western bonds, . 

Missouri Pacific R.R. Co. bonds, 

N. Y. Central & Hudson River bonds, 

N. Y., Chicago & St. Louis R'y bonds, 

N. Y., Susquehanna & Western bonds, 

Philadelphia & Reading bonds, 

Richmond & Danville R.R. Co. bonds, 

St. Louis, Iron Mt. & Southern R'y Co. bonds 

St. Paul, Minn. & Manitoba bonds, 

Southern R'y Co. bonds, . 

Western North Carolina bonds, 

State of Georgia bonds, . 

State of Massachusetts bonds, . 

Grant County (New Mexico) R.R. bonds, 

Grant County (New Mexico) R.R. bonds, 

New York City bonds, 

City of Portland bonds, . 

City of Richmond, Va., bonds, . 

Republic of Cuba bonds, . 

85 shares Baltimore & Ohio R.R. Co., 

26 " Baltimore & Ohio R.R. Co., 

83 " Milwaukee Underwriters' Associa., 

10 " Underwriters 1 Salvage Co., 



Book Value. 

f36,937 50 
27,527 45 
71,294 87 
27,263 25 
82,906 25 
23,464 58 
117,902 50 
11,025 00 
19,400 00 
95,964 44 
31,293 75 
25,000 00 
104,582 00 
56,780 00 
25,837 50 

2,400 00 

53,593 75 

119,250 00 

2,400 00 
50,862 50 

1,800 00 
• 6,700 00 
21,762 50 
56,503 50 
81,559 50 
56,312 50 
35,402 00 
23,079 99 
28,625 

5,350 

5,350 
205,524 
50,750 
49,603 50 
72,985 66 

6,077 

2,600 
83 

1,000 



00 
00 
00 
96 
00 



50 
00 
00 
00 



00 
25 
08 
00 



Market Value. 

$38,156 25 
27,303 75 
77,508 33 
29,400 
80,731 
23,177 

106,425 
11,866 67 
22,633 34 
99,083 33 
33,354 17 
27,479 16 

103,958 34 

58,250 00 

25,000 00 

3,795 00 

58,333 

120.375 

5,237 

51,000 

3,371 



33 

00 
50 
00 
25 



12,000 00 



21,750 
56,500 
81,562 
58,125 
34,875 
22,175 
26,125 

4,825 

4,825 

198,000 00 

52,250 00 

51,750 00 

75,437 50 

7,650 00 

2,470 00 
83 00 

1,000 00 



00 
00 
50 
00 
00 
00 
00 
00 
00 



§1,994,699 63 $2,030,160 08 



UNITED^ STATES BRANCH OF THE "MANNHEIM INSURANCE 
COMPANY," MANNHEIM, GERMANY. 

Deposit Capital, $300,000. 
FRANZ HERRMANN, United States Manager. 

Office, 79 Wall Street, New York, N. Y. 

Income. 
Net marine premiums, , 



Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1903, 

Total, .... 



. $612,441 54 
11,750 00 

. $624,191 54 
519,228 74 

. $1,143,420 28 



MANNHEIM INSURANCE CO. 



415 



Disbursements. 

Net amount paid for marine losses, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Remitted to home office, .... 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



$329,993 30 

112,154 14 

34,550 14 

3,403 60 

17,787 40 

128,090 42 

33,744 27 

$659,723 27 

$483,697 01 



Ledger Assets 



Bonds (Schedule A), 

Cash in banks, .... 

Agents 1 balances, 

Bills receivable, not matured, . 

Total ledger assets, . 



$382,375 00 

14,877 41 

83,795 18 

2,649 42 

$483,697 01 



Non-Ledger Assets. 



Interest accrued on bonds, 
Gross assets, 



2,916 67 



$486,613 68 



Assets not admitted. 



Cash not in control of trustees, 
Agents' balances over three months due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$14,877 41 
1,165 13 

8,875 00 



24,917 54 



$461,696 14 



Liabilities. 

Unpaid losses, $52,108.11 ; less reinsurance, $3,785.47, . 
Unearned premiums on outstanding risks, $93,301.29 ; plus 

same on disallowed reinsurance, $209.18, . 
Commissions and other charges due agents and brokers, 
Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, 

Deposit capital, 

Surplus over capital and general liabilities, 



$305,694 47 



$48,322 64 

93,510 47 

173 62 

13,994 94 

$156,001 67 

300,000 00 
5,694 47 



Total liabilities, . 



$461,696 14 



41tf THE MARINE INSURANCE CO. (LIMITED). 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 



Risks and Premiums. 

Premiums. 

.$20,611,785 00 $166,596 14 
. 200,904,784 00 837,827 97 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 



$221,516,569 00 $1,004,424 11 
. 196,382,295 00 845,759 22 



.$25,134,274 00 $158,664 89 
. 1,958,271 00 3,975 93 



Net amount in force, $23,176,003 00 $154,688 96 

Miscellaneous. 
Marine and inland losses incurred during the year, . . $334,264 00 

Schedule A. 

Bonds orvned by the Company. 

Book Value. Market Value. 

New York City bonds $330,000 00 $320,500 00 

Union Pacific R.R. Co. bonds, .... 52,375 00 53,000 00 



$382,375 00 $373,500 00 



UNITED STATES BRANCH OF "THE MARINE INSURANCE 
COMPANY" (LIMITED), LONDON, ENGLAND. 

Deposit Capital, $300,000. 
PERCY CHUBB & SON, United States Managers. 
Office, 15 Exchange Place, Jersey City, N. J. 

Income. 

Net marine premiums, $638,111 59 

Interest on stocks and bonds, $20,276.91 ; all other, $593.66, 20,870 57 

Total income, $658,982 16 

Ledger assets, Dec. 31, 1903, 717,298 87 

Total, $1,376,281 03 

Disbursements. 

Net amount paid for marine losses, $193,824 64 

Commissions or brokerage, 117,639 30 

Taxes and fees, 13,040 10 

Remitted to home office, 152,401 12 

All other disbursements, 15,345 00 

Total disbursements, $492,250 16 

Balance, $884,030 87 



THE MARINE INSURANCE CO. (LIMITED). 



417 



Ledger Assets. 



Bonds, etc. (Schedule A), 
Cash in banks, .... 
Agents' balances, 
Bills receivable, not matured, . 

Total ledger assets, . 



$712,657 09 

72,725 86 

95,979 24 

2,668 68 

1884,030 87 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $5,149.58 ; other assets, $258.60, . 



5,408 18 



Gross assets, $889,439 05 



Assets not admitted. 

Cash not in control of trustees, . . . $65,410 72 

Investments not in control of trustees, . . 5,031 25 

Agents 1 balances over three months due, . 3,810 62 

Depreciation in book value of ledger assets, . 3,684 59 

Agents' balances in excess of unearned prem's, 31,962 98 

Total unadmitted assets, .... 



Total admitted assets, 



Liabilities. 



Unpaid losses, $87,500 ; less reinsurance, $21,000, . 
Unearned premiums on outstanding risks, $60,205.64 ; plus 
same on disallowed reinsurance, $3,000, .... 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Reinsurance, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $589,973 04 

Deposit capital, 

Surplus over capital and general liabilities, .... 



109,900 16 
$779,538 89 



$66,500 00 

63,205 64 

13,000 00 

7,369 57 

39,490 64 

$189,565 85 

300,000 00 
289,973 04 



Total liabilities, $779,538 89 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1903, 
Marine risks written during 1904, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



.$43,541,290 00 
1,315,366,022 00 

$1,358,907,312 00 
1,302,485,099 00 

. $56,422,213 00 
. 11,797,658 00 



Premiums. 

$107,181 81 
1,040,622 56 

$1,147,804 37 
1,057,020 13 



,784 24 
4,909 23 



. $44,624,555 00 $85,875 01 



Miscellaneous. 
Marine and inland losses incurred during the year, 



$644,112 00 



418 MOSCOW FIRE INSURANCE CO. 



Schedule A. 



Bonds, etc., owned by the Company. 

Book Value. Market Value. 



New York City bonds, 

City of Cleveland, Ohio, bonds, 

Pennsylvania R.R. bonds, . 

N. Y. Cent. & Hudson River R.R. bonds, 

Canadian Northern R'y bonds, 

Denver & Rio Grande R.R. Co. bonds, 

United States government bonds, 

Manhattan Elevated R'y bonds, 

Atlantic Mutual Ins. Co. scrip, 



$330,281 25 $320,593 75 

100,000 00 105,625 00 

64,375 42 65,706 25 

35,000 00 35,000 00 

5,000 00 5,031' 25 

25,000 00 26,781 25 

133,000 00 130,250 00 

15,690 42 15,675 00 

4,310 00 4,310 00 



$712,657 09 $708,972 50 



UNITED STATES BRANCH OF THE " MOSCOW FIRE INSURANCE 
COMPANY," MOSCOW, RUSSIA. 

Deposit Capital, $200,000. 
PAUL E. RASOR, United States Manager. 

Office, 54 William Street, New York, N. Y. 

Income. 

Net fire premiums, $924,366 08 

Interest on bonds, 31,342 89 

Total income, $955,708 97 

Ledger assets, Dec. 31, 1903, 856,626 40 

Total, $1,812,335 37 

Disbursements. 

Net amount paid for fire losses, $405,388 73 

Commissions or brokerage, 261,977 89 

Taxes and fees, 2,916 08 

All other disbursements, 2,097 60 

Total disbursements, $672,380 30 

Balance, $1,139,955 07 

Ledger Assets. 

Bonds (Schedule A), $1,016,533 91 

Cash in banks, . 123,421 16 

Total ledger assets, $1,139,955 07 

Assets not admitted. 

Cash not in control of trustees, . . . $123,421 16 
Depreciation in book value of bonds, . . 50,765 78 

Total unadmitted assets, .... 174,186 94 

Total admitted assets, $965,768 13 



MUNICH REINSURANCE CO. 419 



Liabilities. 

Unpaid losses, $69,522 00 

Unearned premiums on outstanding risks, .... 517,890 48 



All liabilities, except capital and surplus, . . . $587,412 48 
Surplus to policy holders, .... $378,355 65 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 178,355 65 



Total liabilities, $965,768 13 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . . $54,239,385 00 $600,415 46 
Fire risks written during 1904, . . . 99,487,047 00 1,123,624 12 

Total, $153,726,432 00 $1,724,039 58 

Risks expired and terminated, .... 68,844,291 00 735,235 11 



In force at end of year, $84,882,141 00 $988,804 47 

Miscellaneous. 

Fire losses incurred during the year, $394,693 00 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, . ... $598,032 50 $573,485 00 

New York City corporate stock, . . . 260,011 20 241,525 63 

New York City consolidated stock, . . . 105,865 21 101,757 50 

City of Woonsocket, R. I., bonds, . . . 52,625 00 49,000 00 



$1,016,533 91 $965,768 13 



UNITED STATES BRANCH OF THE "MUNICH REINSURANCE 
COMPANY," MUNICH, GERMANY. 

Deposit Capital, $200,000. 
CARL SCHREINER, United States Manager. 

Office, 346' Broadway, New York, N. Y. 

Income. 

Net fire premiums, $3,812,637 84 

Interest on stocks and bonds, 127,969 53 

Profit on sale or maturity of ledger assets, .... 600 00 

Received from home office, 321,750 00 



Total income, $4,262,957 37 

Ledger assets, Dec. 31, 1903, 3,335,556 15 



Total, $7,598,513 52 



MUNICH REINSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, f 2,872,801 63 

Commissions or brokerage, 1,071,660 81 

Salaries, fees, etc., of officers and employees 14,735 00 

Taxes and fees, . 8,601 63 

All other disbursements, 64,4:99 - 

Total disbursements, $4,032,298 93 

Balance, f3,566,214 59 

Ledger Assets. 

Stocks and bonds (Schedule A), $3,136,951 26 

Cash in banks, 244,191 22 

Agents" balances, 185,072 11 

Total ledger assets, $3,566,214 59 

Non-Ledger Assets. 

Interest accrued on bonds, 27,443 60 

Market value of stocks and bonds over book value, . . 100,706 74 

Gross assets, $3,694,366 93 

Assets not admitted. 
Cash not in control of trustees, 244.191 22 

Total admitted assets, f 3,450, 175 71 

Liabilities. 

Unpaid losses, $426,001 00 

Unearned premiums on outstanding risks, .... 2,257,501 81 

All liabilities, except capital and surplus, . . . $2,683,502 81 
Surplus to policy holders, .... $766,672 90 

Deposit capital, 200.000 00 

Surplus over capital and general liabilities, .... 566,672 90 

Total liabilities, f3,450.175 71 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . $334,577,801 00 $3,992,501 09 
Fire risks written during 1904, . . . 385,261,184 00 4.65 1 . 

Total, $719,838,985 00 $8,643,263 09 

Risks expired and terminated, . . . .354,011,427 00 4,2c ^ 

In force at end of year, .... f 36,3,827.558 00 $4 ffl 61 

Miscellaneous. 
Fire losses incurred during the year, $2,826,687 00 



MUNICH REINSURANCE CO, 



421 



Schedule A. 

Stocks and Bonds owned by the Company. 



Atchison, Topeka & Santa Fe R R. bonds, 

Atlantic Coast Line R.R. bonds, 

Atlantic & Danville R'y bonds, 

Baltimore & Ohio R.R bonds, . 

Birming , Ala., R'y, Light & Power Co. bonds 

Brooklyn Union Elevated R'y bonds, 

Central of Georgia R'y bonds, . 

Central Pacific R.R. bonds, 

Chesapeake & Ohio R'y bonds, 

Chicago & Alton R'y bonds, 

Chicago & E. Illinois R'y bonds, 

Chic, Rock Island & Pacific R'y bonds, . 

Cin., Ham. & Dayton R'y bonds, 

Cin., Indiana., St. Louis & Chicago R.R. bonds 

Cleve., Cin., Chic. & St. Louis R'y bonds, 

Consolidated Gas Co. of N. Y. bonds, 

Detroit & Mackinac R.R. bonds, 

Erie R.R. Co. bonds, ... 

Ft. Worth & Rio Grande R.R. bonds, 

Hocking Valley R R. bonds, 

Illinois Central R.R. (St. Louis Div.) bonds, 

Kansas City, Ft. Scott & Memphis R.R. bonds 

Kansas City Southern R'y bonds, 

Lackawanna Steel Co. bonds, . 

Louisville & Nashville R.R. bonds, 

Manhattan R'y bonds, 

Minn., St. Paul & Sault Ste. Marie R'y bonds 

Missouri, Kan. & Texas R'y bonds, 

Missouri Pacific R'y bonds, 

New York City bonds, 

Norfolk & Western R.R bonds, 

North. Pac.-Gt. North. (C, B. & Q.) joint b'ds 

Northern Pacific R.R bonds, . 

Oregon R.R. & Navigation bonds, . 

Oregon Short Line R.R. bonds, 

Pennsylvania R.R. bonds, 

Reading Co. bonds, .... 

Rio Grande & Western R.R. bonds, . 

San Antonio & Aransas Pass. R.R. bonds 

Sea Board Air Line R'y bonds, 

So. Pacific Co., Central Pacific bonds, 

Southern R'y bonds, .... 

St. Louis, Iron Mt. & Southern bonds, 

St. Louis & San Fran. R.R. bonds, . 

St. Louis Southwestern R.R. bonds, . 

State of Massachusetts bonds, . 

Union Pacific R R. bonds, . 

United R'ys of San Francisco bonds, 

United States government bonds, 

Wabash R.R bonds, .... 

Western Maryland R.R. bonds, 

Western N. Y. & Penn. R.R. bonds, . 

Wheeling & Lake Erie R.R. bonds, . 

Wisconsin Central R.R. bonds, 

Atchison, Topeka & Santa Fe R.R. stock, 



Book Value. 

,718 75 
94,000 00 
29,250 00 

66.079 38 
10,000 00 
50,500 00 
54,468 75 
45,518 75 
77,750 00 
42,500 00 
28,500 00 
88,356 25 
32,900 00 
10,000 00 
24,406 25 

5,000 00 
98,000 00 
92,500 00 
21,600 00 
26,230 00 
23,250 00 
61,050 00 
102,851 25 
20,160 00 

10.080 00 
25.940 00 
29,625 00 
24,932 50 
25,625 00 

103,725 00 
19,375 00 
48,097 50 

111,687 50 
49,875 00 
46,093 75 
96,000 00 
49,146 25 
19,800 00 
39,937 50 
42,500 00 
24,085 00 
24,500 00 
27,500 00 

135,000 00 
49,005 00 
98,250 00 

230,328 75 
60,043 75 

261,750 00 
71,882 50 
44,531 25 
18,350 00 
23,203 13 
21,973 75 
21,568 75 



Market Value. 

$51,000 00 
98,125 00 
29,250 00 
69,750 00 
11,000 00 
54,500 00 
55,500 00 
45,450 00 
80,250 00 
42,000 00 
29,500 00 
88,500 00 
32,900 00 
10,000 00 
25,250 00 
9,250 00 
98,000 00 
94,250 00 
21,250 00 
27,750 00 
23,750 00 
62,300 00 

108,000 00 
22,050 00 
10,360 00 
26,250 00 
29,625 00 
25,250 00 
27,000 00 

102,000 00 
20,200 00 
50,500 00 

112,750 00 
51,000 00 
51,500 00 

102,000 00 
51,000 00 
19,800 00 
44,000 00 
35,500 00 
25,250 00 
24,750 00 
28,750 00 

132,000 00 
48,500 00 
99,000 00 

249,000 00 
64,500 00 

260,000 00 
71,250 00 
44,000 
19,200 
23,250 
23,000 



00 
00 
00 
00 



25,000 00 



422 THE NATIONAL ASSURANCE CO. OF IRELAND. 

Book Value. Market Value. 

Consolidated Gas Co. of New York stock, . $ 34,500 00 $39,600 00 

Denver & Rio Grande R.R. stock, . . . 21,000 00 25,800 00 

Norfolk & Western R.R. stock, . . . 15,700 00 18,000 00 

Pennsylvania R.R, Co. stock, .... 59,750 00 68,500 00 



1,136,951 26 $3,237,660 00 



UNITED STATES BRANCH OF "THE NATIONAL ASSURANCE 
COMPANY OF IRELAND," DUBLIN, IRELAND. 

Deposit Capital, $200,000. 
GEO. E. KENDALL, United States Manager. 
Office, 704 Main Street, Hartford, Conn. 

Income. 

Net fire premiums, $377,684 08 

Interest on stocks and bonds, $17,435.51 ; all other, $609.40, 18,044 91 

Profit on sale or maturity of ledger assets, .... 350 00 

Received from home office, 140,620 14 

Total income, $536,699 13 

Ledger assets, Dec. 31, 1903, 638,981 49 

Total, $1,175,680 62 

Disbursements. 

Net amount paid for fire losses, $409,036 11 

Commissions or brokerage, 82,309 06 

Salaries, fees, etc., of officers and employees, .... 38,722 19 

Rents, ; 2,499 96 

Taxes and fees, 18,708 31 

Profit and loss, 978 10 

All other disbursements, 12,704 99 

Total disbursements, $564,958 72 

Balance., $610,721 90 

Ledger Assets. 

Stocks and bonds (Schedule A), $532,728 87 

Cash in banks and office, 26,101 39 

Agents' balances, 51,891 64 

Total ledger assets, $610,721 90 

Assets not admitted. 

Cash not in control of trustees, . . . $81 94 

Agents' balances over three months due, . 2,349 83 

Depreciation in book value of stocks and bonds, 21,543 87 

Total unadmitted assets, .... 23,975 64 

Total admitted assets, $586,746 26 



THE NATIONAL ASSURANCE CO. OF IRELAND. 



423 



Liabilities. 

Unpaid losses, including $4,750 resisted, $58,597.96 ; less re- 
insurance, f 4,068. 09, $54,529 87 

Unearned premiums on outstanding risks, $282,387.70 ; plus 

same on disallowed reinsurance, $8,804.27,. . . . 291,191 97 

Salaries and other miscellaneous expenses, due or accrued, . 7,500 00 

All liabilities, except capital and surplus, . . . $353,221 84 
Surplus to policy holders, .... $233,524 42 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 33,524 42 

Total liabilities, $586,746 26 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1903, . . $46,766,466 00 $677,195 86 
Fire risks written during 1904, . . . 29,530,085 00 448,083 95 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $76,296,551 00 $1,125,279 81 
. 32,975,846 00 512,661 02 



. $43,320,705 00 $612,618 79 
. 3,185,628 00 38,161 49 



,135,077 00 $574,457 30 



Miscellaneous. 
Fire losses incurred during the year, 



$404,646 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

City of Boston bonds, $131,751 22 $125,400 00 

State of Massachusetts bonds, .... 104,921 67 97,000 00 

Pitts., Chic, Cin. & St. Louis R.R. bonds, . 24,450 25 22,400 00 

Illinois Central R R. bonds, .... 52,124 25 49,920 00 

N. Y. Cent. & Hudson River R.R. bonds, . 24,465 50 21,360 00 

Flint & Pere Mar. R.R. Co. Tol. Div. Ter. b'ds, 40,686 11 39,025 00 

South. R'y, Lo., Evans. & St. Lo. Div. bonds, . 12,010 68 11,880 00 

Chicago & W. Michigan R.R. Co. bonds, . . 54,673 21 54,000 00 

Atchison bonds, 20,025 00 20,500 00 

Central Pacific R.R. bonds, .... 19,875 00 20,400 00 

Reading bonds, 19,073 75 20,400 00 

Cumberland Tel. & Tel. Co. bonds, . . . 11,459 73 10,500 00 

Chic, Mil. & St. Paul R.R. stock, . . . 17,212 50 18,400 00 



$532,728 87 $511,185 00 



424 



NORTH BRITISH AND MERCANTILE INSURANCE CO. 



UNITED STATES BRANCH OF THE "NORTH BRITISH AND 
MERCANTILE INSURANCE COMPANY, 1 ' LONDON AND EDIN- 
BURGH. 

Deposit Capital, $200,000. 

E. G. RICHARDS, United States Manager. 

Office, 76 William Street, New York, N. Y. 

Income. 

Net fire premiums, $4,080,387 89 

Deposit premiums on perpetual risks, 6,497 20 

Interest on stocks and bonds, $204,293 . 63 ; all other, $5,379 . 47, 209,673 10 

Profit on sale or maturity of ledger assets, .... 1,418 46 

Received from home office, 398,914 23 

From all other sources, 124 69 



Total income $4,697,01.5 57 

Ledger assets, Dec. 31, 1903, 6,039,510 74 



Total, . 



110,736,526 31 



Disbursements. 

Net amount paid for fire losses, 
Deposit premiums returned, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, ....... 

Loss on sale or maturity of ledger assets, 

Profit and loss, 

All other disbursements, 



Total disbursements, . 
Balance, . , 



$2,870,466 50 

1,307 41 

829,746 12 

243,968 74 

16,816 64 

102,645 75 

2,165 63 

25,594 30 

200,137 22 

$4,292,848 31 

$6,443,678 00 



Ledger Assets. 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 
Reinsurance due on losses paid, 
Cash in hands of trustees, 

Total ledger assets, . 



.,427,562 65 

481,580 13 

531,524 84 

2,244 23 

766 15 

1,443,678 00 



Non-Ledger Assets. 
Interest due and accrued on bonds, . 



Gross assets, 



62,339 57 
1,506,017 57 



Assets not admitted. 



Cash not in control of trustees, 

Agents' balances over three months due, 



$482,346 28 
9,375 41 



NORTH BRITISH AND MERCANTILE INSURANCE CO. 



425 



Special deposits less $78,350.97 liab. thereon, $75,594 03 
Depreciation in book value of stocks and bonds, 39,816 05 

Total unadmitted assets, .... $607,131 77 

Total admitted assets, $5,898,885 80 



Liabilities. 

Unpaid losses, including $30,761.58 resisted, f 399,021. 46 ; less 
reinsurance, $34,010.35, 

Unearned premiums on outstanding risks, $3,135,213.14; plus 
same on disallowed reinsurance, $23,159.07, 

Reclaimable on perpetual fire policies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, . 



1,354,922 05 



$365,011 11 

3,158,372 21 
20,580 43 

$3,543,963 75 

200,000 00 
2,154,922 05 



Total liabilities, $5,898,885 80 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$623,654,416 00 
.569,386,088 00 

$1,193,040,504 00 
. 536,635,917 00 

$656,404,587 00 
. 68,296,328 00 

$588,108,259 00 



Perpetual risks in force (not included above), $788,320 00 



Premiums. 

^6,225,036 96 
5,381,174 82 

11,606,21178 
5,015,168 17 

£6,591,043 61 
507,843 59 

^6,083,200 02 

$21,663 61 



Miscellaneous. 
Fire losses incurred during the year, 



',885,719 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States government bonds, 

New Mexico Territorial bonds, 

State of Virginia Century bonds, 

State of West Virginia bonds, . 

City of Boston, Mass., bonds, . 

City of St. Louis, Mo., bonds, . 

City of Portland, Ore., bonds, . 

City of Brooklyn, N. Y., bonds, 

City of New York bonds, . 

New York County consolidated stock, 

Atchison, Topeka & Santa Fe R n y Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Boston & Maine R.R. Co. bonds, 

Chesapeake & Ohio R.R. Co. bonds, 



Book Value. 

$287,237 38 

10,413 

21,792 

8,204 

124,135 

57,870 

24,446 

30,828 

1,215,853 

102,518 

102,243 73 

265,799 01 

103,144 16 

148,899 06 



18 
90 
79 
88 
25 
36 
12 
39 
55 



Market Value. 

$288,600 00 
10,000 00 
39,045 00 

1,120 

121,550 

56,051 

23,000 

30,000 

1,118,050 

101,000 

101,000 00 

289,000 00 

108,000 00 

155,000 00 



00 
00 
60 
00 
00 
00 
00 



426 



NORTHERN ASSURANCE CO. 



Cleveland & Pittsburg R.R. bonds, 

Erie, Penn., Coal Co. bonds, 

Erie R.R. bonds, 

Hocking Valley R'y Co. bonds, 

Illinois Central R.R. Co. bonds, 

Louisville & Nashville bonds, . 

Manhattan R'y Co. bonds, 

N. Y. Central & Hudson R. R.R. Co. bonds, 

Norfolk & Western R.R. Co. bonds, 

Northern Pacific R'y Co. bonds, 

Northern Pacific-Gt. Northern joint bonds, 

Oregon Short Line R.R. bonds, 

Pennsylvania Co. bonds, .... 

St. Paul & Northern Pacific R'y Co. bonds, 

Southern Pacific Co. bonds, 

Southern R'y bonds, 

Union Pacific R.R. Co. bonds, . 

West Shore R.R. Co. bonds, 

1,000 shares Baltimore & Ohio R.R. Co., . 

1,000 " Union Pacific R.R. Co.. 

1,200 " Southern R'y Co., . 

1,000 " Mobile & Ohio, . 

1,000 " Chic , Mil. & St. Paul R'v Co., 



Book Value. 

5,417 39 
99,172 31 
97,869 06 
52,587 38 

146,889 80 
92,840 28 

101,595 42 

580,984 72 
24,279 29 

105,170 39 
94,360 31 
11,472 35 

220,120 40 
59,375 00 
50,000 00 
96,006 59 

118,040 77 

301,544 07 
90,424 25 
87,334 32 

105,224 90 
91,412 95 

192,053 94 



00 
00 
00 
00 



Market Value. 

$111,000 00 

101,200 00 
98,000 00 
54,000 00 

148,840 
97,500 

102,000 

551,740 
24,500 00 

103,000 00 
97,000 00 
11,400 00 

218,000 00 
61,000 00 
50,000 00 
96,000 00 

128,750 00 

321,000 00 
92,000 00 
94,000 00 

110,400 00 
95,000 00 

180,000 00 



1,427,562 65 $5,387,746 60 



UNITED STATES BRANCH OF THE "NORTHERN ASSURANCE 
COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
GEO. W. BABB, United States Manager. 
Office, 38 Pine Street, New York, N. Y. 

Income. 



Net fire premiums, 

Interest on stocks and bonds, $98,747.50 ; all other, $ 1,928. 76, 

Rents, including company's own occupancy, . 

Received from home office, 

Total income, ......... 

Ledger assets, Dec. 31, 1903, 



Total, . 



$2,479,964 05 

100,676 26 

7,000 00 

1,135,960 09 

S3,723,600 40 

3,440,540 63 

$7,164,141 03 



Disbursements 



Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupancy, .... 
Repairs and expenses on real estate, ..... 
Real estate taxes, f 2,622 . 47 ; other taxes and fees. $7 1 ,285 . 06, 

Remitted to home office, 

All other disbursements, 

Total disbursements, 

Balance, 



$1,877,334 08 

400,829 27 

151,130 46 

16,210 00 

2,387 39 

73,907 53 

400,915 97 

197,503 64 

$3,120,218 34 

$4,<U3,922 69 



NORTHERN ASSURANCE CO. 



427 



Ledger Assets 



Real estate, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 
Bills receivable, 

Total ledger assets, . 



$115,000 00 

3,118,541 56 

191,160 26 

602,422 79 

16,798 08 

54,043,922 69 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, 
Market value of real estate over book value, . 
Reinsurance due on losses paid, 



Gross assets, 



7,685 27 

50,000 00 

2,278 58 

1,103,886 54 



Assets not admitted. 

Cash not in control of trustees, . . . $191,160 26 

Agents' balances over three months due, . 31,606 26 

Bills receivable, past due, .... 16,798 08 

Special deposits less $85,494.73 liab. thereon, 61,545 27 

Depreciation in book value of stocks and bonds, 32,366 56 

Total unadmitted assets, .... 

Total admitted assets, 



333,476 43 
,770,410 11 



Liabilities. 

Unpaid losses, including $44,466 . 44 resisted, $250,500 . 63 ; less 
reinsurance, $6,530.03, 

Unearned premiums on outstanding risks, .... 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 

Due for return premiums, $107,947.22; reinsurance, $18,- 
680.30 

Miscellaneous, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,252,01968 

Deposit capital, 

Surplus over capital and general liabilities, .... 



$243,970 60 

2,071,471 32 

500 00 

73,432 96 

126,627 52 
2,388 03 

$2,518,390 43 

200,000 00 
1,052,019 68 



Total liabilities, $3,770,410 11 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$327,728,039 00 
. 323,705,178 00 

$651,433,217 00 
. 278,760,685 00 

$372,672,532 00 
. 23,625,060 00 



Premiums. 

13,718,864 70 
3,684,289 16 



$7,403,153 86 

3,267,253 60 

$4,135,900 26 

216,783 94 



$349,047,472 00 $3,919,116 32 



428 



XOKWICH UNION FIRE INSURANCE SOCIETY. 



Miscellaneous. 
Fire losses incurred during the year, 



* 1,857,322 00 



Schedule A. 



Stocks and Bo?ids owned by the Company. 



United States bonds, 

City of Salem. Ore., bonds, 

United States bonds, 

City of St. Louis, Mo., bonds, . 

City of St. Paul, Minn, bonds,. 

City of Minneapolis, Minn., bonds, 

Pennsylvania R.R. Co. bonds, . 

West Shore R.R. Co. bonds, . 

City of Chicago, 111., bonds, 

City of Omaha, Neb., bonds, . 

Chic, St. Lo, & New Orleans R.R. Co. bonds, 

Chic, St. Louis & N. Orleans R.R. Co. bonds, 

Minn., St. Paul & Sault Ste. Marie bonds, 

St Paul, Minn. & Manitoba R'y Co. bonds, 

Manhattan R'y Co. bonds, 

City of New York bonds, .... 

Cleve., Cin, Chic & St. Louis R'y Co. bonds, 

Louisville & Nashville bonds, . 

Northern Pacific-Gt. Northern bonds, 

N. Y C. & H R. R.R. Co. bonds, . 

West Ya. & Pitts. R.R. Co. bonds, . 

Battle Creek & Sturgis R'y Co. bonds, . 

Illinois Central R.R. Co. bonds, 

Lynn & Boston R.R Co. bonds, 

Gouverneur & Oswegatchie R.R. Co. bonds, 

Term. R.R. Association of St. Louis bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Illinois Central R.R. Co. bonds, 

Louisville & Nashville R.R. Co. bonds, . 

Northern Pacific R'y Co. bonds, 

500 shares Cleveland & Pittsburg R.R. Co., 

500 " Morris & Essex R.R. Co., 

500 " Chic, Mil. & St. Paul Rt Co, 

250 " N. Y. & Harlem R R. Co., 

250 " Pitts, Ft. Wayne & Chic R'y Co., 



00 
00 
00 
00 
00 
00 
00 



Book Value. 

£481,925 00 

40,460 

13,025 

42,350 

56,000 
105,500 
228,870 

53.625 

52,000 00 
107,000 00 

49,000 00 

15,000 00 

56,430 00 

94,125 

48,000 
452,365 

50,500 

50,750 

48,000 00 

47,000 00 
132,450 00 

41,000 00 

55,485 00 

29,375 00 

41,040 00 
151,500 00 

48,000 00 
123,000 

57,500 

53,000 

48,375 

49,281 

96,562 

51,515 

48,531 



00 
00 
66 
00 
00 



00 
00 
00 
26 
26 
50 
63 
25 



Market Value. 

$484,700 00 
42,240 00 
13,100 00 
41,200 00 
55,750 00 

1< 6,000 00 

220,000 0C 
55,000 00 
52,000 00 

104,000 00 
53,000 00 
14,640 00 
57,000 00 
95,200 00 
52,500 00 

437,305 00 
49,500 00 
52,000 00 
50,500 00 
45,500 00 

130,950 00 
37,500 00 
53,190 00 
28,250 00 
41,400 00 

151,500 00 
48,000 00 

123,000 00 
57.500 00 
53,000 00 
46,000 00 
46,750 00 
92,000 00 
50,000 00 
46,000 00 



1,118,541 56 f3,086,175 00 



UNITED STATES BRANCH OF THE "NORWICH UNION FIRE 
INSURANCE SOCIETY," NORWICH, ENGLAND. 

Deposit Capital, $200,000. 
J. MONTGOMERY HARE, United States Manager. 

Office, 56-58 Pine Street, Neiv York, N. Y. 

Income. 

Net tire premiums, $2,126,044 95 

Interest on mortgage loans, $1,800; stocks and bonds, $79,- 

105.13, 80,905 13 



NORWICH UNION FIRE INSURANCE SOCIETY. 429 

Profit on sale or maturity of ledger assets, .... $432 50 

Received from home office, 578,590 00 

Total income, $2,785,972 58 

Ledger assets, Dec. 31, 1903, 2,554,808 95 

Total, $5,340,781 53 

Disbursements. 

Net amount paid for fire losses, $1,662,145 19 

Commissions or brokerage, 435,531 49 

Salaries, fees, etc , of officers and employees, .... 165,525 47 

Rents 18,279 17 

Taxes and fees, 51,436 71 

Remitted to home office, 245,000 52 

All other disbursements, 124,817 57 

Total disbursements, . .' $2,702,736 12 

Balance, $2,638,045 41 

Ledger Assets. 

Mortgages, $40,000 00 

Stocks and bonds (Schedule A), 2,008,224 08 

Cash in banks and office, 347,482 06 

Agents' balances, 242,339 27 

Total ledger assets $2,638,045 41 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $150; bonds, $23,607.63, 23,757 63 

Market value of stocks and bonds over book value, . . 98,570 67 
Reinsurance due on losses paid, 76 97 

Gross assets, $2,760,450 68 

Assets not admitted. 

Cash not in control of trustees, . . . $10,890 38 

Agents 1 balances over three months due, . 8,060 81 

Special deposits less $76,293.64 liab. thereon, 37,347 61 

Total unadmitted assets, .... 56,298 80 

Total admitted assets, $ 2,704,151 88 

Liabilities. 

Unpaid losses, including $19,232 . 74 resisted, $200,420 . 33 ; less 

reinsurance, $17,417.59, $183,002 74 

Unearned premiums on outstanding risks, .... 1,656,696 67 

Salaries and other miscellaneous expenses, due or accrued, . 25,236 39 

Commissions and other charges due agents and brokers, . 4,416 65 

All liabilities, except capital and surplus, . . . $1,869,352 45 
Surplus to policy holders, .... $834,799 43 

Deposit capital 200,000 00 

Surplus over capital and general liabilities, .... 634,799 43 

Total liabilities, $2,704,151 88 



430 



NORWICH UNION FIRE INSURANCE SOCIETY. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$302,090,878 00 
. 242,255,482 00 



Premiums. 

53,329,304 03 
2,780,430 39 



$544,346,360 00 #6,109,734 42 
. 228,524,530 00 2,658,883 04 



$315,821,830 00 $3,450,851 38 
. 28,364,841 00 270,082 79 



$287,456,989 00 $3,180,768 59 



Miscellaneous. 
Fire losses incurred during the year, 



$1,661,051 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, 

Richmond city, Va., bonds, 

Butler County, Ohio, bonds, 

Capital bonds of New Mexico, . 

City of Portland, Ore., bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Chic, Rock Island & Pacific R'y bonds, . 

Pennsylvania Co. bonds, .... 

N. Y., Chicago & St. Louis R.R. bonds, . 

West Shore R.R. bonds, .... 

Long Island R.R. bonds, .... 

Atchison, Topeka & Santa Fe R'y bonds, 

Central of Georgia R'y bonds, . 

Baltimore & Ohio R.R. bonds, . 

Norfolk & Western R'y bonds, 

Norfolk & Western R'y Pocahontas joint b'ds 

Chicago, Burl. & Quincy R.R. joint bonds, 

Pennsylvania R.R. Co bonds, . 

Chesapeake & Ohio R'y bonds, 

Erie R.R., Penn., bonds, .... 

Savannah, Florida & Western R'y bonds, 

New York City stocks, .... 

United New Jersey R.R. & Canal Co. stock, 

Chicago & Northwestern R'y Co. stock, . 

Rensselaer & Saratoga R.R. Co. stock, . 

Pitts., Ft. Wayne & Chicago R'y Co. stock, 

Chicago, Mil. & St. Paul R'y Co. stock, . 

Illinois Central R.R. Co. stock, 

Twin City Rapid Transit R'y Co. stock, . 

Georgia R R. & Banking Co. stock, . 

Southern R'y Co. stock, .... 

Allegheny & West. R.R. Co. stock, . 



Book Value. 

$331,500 00 

54,544 21 

53,685 74 
5,350 00 

57,437 

97,583 
103,500 
107,206 

93,383 

59,171 

19,325 



50 
14 
00 
78 
13 
25 
00 



50,012 50 



00 
75 
50 
00 
25 
50 



54,475 
50,903 
50,687 
22,500 
53,081 
47,437 
51,693 75 
22,625 00 
25,125 00 
213,619 44 
24,025 00 
33,225 00 
50,606 25 
67,434 39 
27,912 50 
49,550 00 
41,792 50 
41,575 00 
25,500 00 
21,756 00 



Market Value. 

$340,843 75 
56,000 00 
53,000 00 
5,200 00 
55,750 00 
105,375 00 
106,000 00 
106,500 00 
103,125 00 
61,560 00 
20,200 00 
50,250 00 
55,000 00 
51,530 00 
50,250 00 
23,625 00 
58,500 00 
51,250 00 
52,762 50 
23,312 50 
25,200 00 
200,500 00 
27,500 00 
53,440 00 
55,890 00 
73,400 00 
40,440 00 
51,750 00 
46,200 00 
50,400 00 
29,550 00 
22,491 00 



$2,008,224 08 $2,106,794 75 



THE PALATINE INSURANCE CO. LIMITED. 431 



UNITED STATES BRANCH OF "THE PALATINE INSURANCE 
COMPANY LIMITED," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
A. H. WRAY, United States Manager. 

Office, Corner Pine and William streets. New York, N. Y. 

Income. 

Net fire premiums, $1,413,137 38 

Interest on stocks and bonds, $46,067.03; all other, $1,243.11, 47,310 14 
Profit on sale or maturity of ledger assets, .... 423 75 

Received from home office, 48,425 06 

Total income, $1,509,296 33 

Ledger assets, Dec. 31, 1903, . . . . . . . 1,958,074 06 

Total, • $3,467,370 39 

Disbursements. 

Net amount paid for fire losses, $880,118 14 

Commissions or brokerage, 295,618 23 

Salaries, fees, etc., of officers and employees, .... 75,058 77 

Rents, 8,131 56 

Taxes and fees, 41,954 03 

All other disbursements, 69,773 52 

Total disbursements, $1,370,654 25 

Balance, $2,096,716 14 

Ledger Assets. 

Stocks and bonds (Schedule A) $1,438,437 14 

Cash in banks and office, 383,430 22 

Agents 1 balances, 273,782 33 

All other ledger assets, 1,066 45 

Total ledger assets, $2,096,716 14 

Assets not admitted. 

Cash not in control of trustees, . . . $33,250 61 

Agents' balances over three months due, . 2,569 60 

Special deposits less $44,947.79 liab. thereon, . 80,452 21 

Depreciation in book value of stocks and bonds, 10,199 64 

Total unadmitted assets, .... 126,472 06 

Total admitted assets, $1,970,244 08 

Liabilities. 

Unpaid losses, including $14,100 resisted, $145,344.33; less 

reinsurance, $23,431.33, $121,913 00 

Unearned premiums on outstanding risks, $1,047,130. 24; plus 

same on disallowed reinsurance, $1,325.30, . . . . 1,048,455 54 



432 



THE PALATINE INSURANCE CO. LIMITED. 



Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $8,164.92 ; reinsurance, $30,954.17, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Deposit capital, 

Surplus over capital and general liabilities, . 



r 47,253 16 



$3,044 63 
10,458 66 
39,119 09 

$1,222,990 92 

200,000 00 
547,253 16 



Total liabilities, $1,970,244 08 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1903, 
Fire risks written during 1904, 

Total, 

Risks expired and terminated, , 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$160,600,577 00 
. 160,429,707 00 

$321,030,284 00 
. 140,331,710 00 

$180,698,574 00 
. 22,919,139 00 



Premiums. 

$2,042,560 73 
2,085,737 88 

$4,128,298 61 
1,840,470 69 

$2,287,827 92 
313,221 50 



$157,779,435 00 $1,974,606 42 



Miscellaneous. 
Fire losses incurred during the year, 



$887,574 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, 

New Yo