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Full text of "Fifty-First Massachusetts Fire"

State Library 



OF 



MASSACHUSETTS. 



A. 



Return as Soon as Used. 



\ 




n* 



PUBLIC DOCUMENT . . . . 



. ... No. 9, 



FIFTY-FIEST ANNUAL EEPOET 



OF THE 



Insurance Commissioner 



OF THE 






' • Jam -jaki' .1 1906. 



•• a a a a ' ' • u • ■ > ' » 



PART I. 

FIRE AND MARINE INSURANCE. 




BOSTON : 
WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1906. 



LIBRARY PF I 

E hOu^t 

A 3 iW6 



ABPRQVErj xJY 

The State Board of Publication. 



i 



I5^> to 

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, vi 

Department Examinations, vi 

Department Valuation of Stocks and Bonds vii 

Correct and Proper Annual Statements, viii 

Collision Clause in Automobile Policies, x 

The Fire Insurance Situation, xiii 

As to Fire Insurance Rates, xv 

As to the Companies involved, xviii 

Insurance Agents, including Brokers, xx 

Department Finances, xxi 

Reports of Receivers of Insolvent Fire Companies, xxii 

Massachusetts Mutual Fire Insurance Companies : 

Comparative Table A, xxiii 

Massachusetts Mutual Fire-Marine Insurance Companies: 

Comparative Table B, xxiii 

Massachusetts Joint-Stock Insurance Companies: 

Comparative Table C, xxiv 

Insurance Companies of Other States: 

Comparative Table D, xxv 

United States Branches of Foreign Insurance Companies : 

Comparative Table E, xxvi 

Aggregates of All the Companies, xxvii 

Massachusetts Mutual Fire Insurance Companies: 

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

Table II. — Risks, income and disbursements, xxix 

Table III. — Premiums, losses and expenses, xxx 



IV 



CONTENTS. 



Massachusetts Mutual Fire-Marine Insurance Companies: 
Table IV. — Guaranty fund, scrip, assets, liabilities and surplus, 
Table V. — Income and disbursements, premiums, losses and expenses, 



United States Branches: 

Table X. — Risks, assets, liabilities and surplus, 
Table XI. — Income, disbursements, expenses, etc., 



PAGE 

xxxi 
xxxi 



Massachusetts Joint-Stock Insurance Companies: 

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

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

Insurance Companies of Other States: 

Table VIII. — Cash capital, assets, liabilities, surplus and expenses, . . xxxii 

Table IX. — Income and disbursements, risks, premiums and losses paid, . xxxiv 



xxxvn 
xxxviii 



Massachusetts Business in Detail: 

Table XII.— Risks written, premiums received, losses paid, etc., . . xxxix 

Table XIII. — Receipts and expenditures of the insurance department, . . xliv 



DETAILED STATEMENTS. 

Massachusetts mutual fire companies 

Massachusetts mutual fire-marine companies, ..... 

Massachusetts joint-stock fire and fire-marine companies, 
Fire, marine and fire-marine insurance companies of other States, 
United States branches of foreign companies, ...... 

Appendix, 

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



1 

77 

82 

94 

384 

462 

465 






Commoirfomlijj of jjpfassHcjjttftetts, 



Insurance Department, Boston, June 12, 1906. 
To the General Court of Massachusetts. 

Part I. of the fifty-first annual report of the insurance department 
is herewith submitted, as required by law. It gives abstracts of the 
statements of fire and marine companies, and of their operations for 
the year 1905, with an appendix containing the report of the bureau 
which has charge of investigating fires and reporting thereon. 

The following is a list of the companies of the classes included in 
this volume which have been admitted to this Commonwealth dur- 
ing the year, and also in 1906 up to the date of this report : — 



CORPORATE NAME. 



Location. 



Date of 
Authority. 



Capital. 



The Alliance Insurance Company of Philadelphia, 
The Eagle Fire Company of New York, 
Calumet Insurance Company of Illinois, . 
City of New York Insurance Company, 
The Georgia Home Insurance Company, . 
New Brunswick Fire Insurance Company, 

National Lumber Insurance Company, 
The Western Reserve Insurance Company, 
Union Fire Insurance Company, 

The Delaware Fire Insurance Company of Dover, 
Delaware. 

The Jefferson Fire Insurance Company of Philadel- 
phia. 

New Jersey Fire Insurance Company, 

Adirondack Fire Insurance Company, 

Old Colony Insurance Company, . 

The Cosmopolitan Fire Insurance Company of New 
York. 



Philadelphia, 

New York City, 

Chicago, 

New York City, 

Columbus, Ga., 

New Brunswick, N. J., 

Buffalo, N. Y., 
Cleveland, O., 
Buffalo, N.Y., 
Dover, Del., 
Philadelphia, 
Camden, 
New York, 
Boston, 
New York, 



1905. 

Jan. 2 

Feb. 25 
May 3 
May 19 
Aug. 1 
Sept. 6 

1906. 

Jan. 18 

Jan. 29 
Jan. 29 
Feb. 26 
March 5 
May 21 
June 4 
June 7 
June 12 



$500,000 
400,000 
200,000 
200,000 
300,000 
200,000 

200,000 
200,000 
200,000 
200,000 
200,000 
200,000 
200,000 
400,000 
300,000 



VI 



REPORT OF THE 



The following companies ceased transacting new business in this 
Commonwealth during 1905, and in 1906 to the present date : — 



NAME 
OF COMPANY. 



Location. 



Date. 


Capital. 


1905. 




Feb. 2, 
Feb. -, 


$200,000 
200,000 


Dec. 31, 


200,000 


1906. 




April 26, 


250,000 


May 1, 


500,000 


May 4, 


200,000 


May 5, 
June 2, 
June 4, 


500,000 
200,000 
200,000 


June 11, 


200,000 



Remarks. 



National Assurance 

of Ireland, . 
Millers' National, 

Victoria Fire, 



United States Fire, 

American Fire, 

New York Fire, 

Traders', 
Security, 
Colonial, 
North German, 



Dublin, 
Chicago, 

New York Citj', 



New York City, . 

Philadelphia, 

New York City, . 

Chicago, 
Baltimore, . 
Washington, D. C. 
New York, . 



Reinsured in Providence Washington. 
Discontinued business in Massachu- 
setts. 
Withdrew from Massachusetts. 



Reinsured in Westchester and with- 
drew. 

Reinsured in Commercial Union As- 
surance and withdrew. 

Reinsured in New Hampshire Fire 
and withdrew. 

Receiver appointed. 

Withdrew. 

Withdrew. 

Reinsured and withdrew. 



Department Examinations. 

The lire and marine companies examined by the department dur- 
ing the year 1905 are given below, together with the location of 
the head office of the company and the date of the previous exam- 
ination : — 



Abington Mutual, . 

American Insurance Company, 

Attleborough Mutual, . 

Boston Insurance Company, 

Bristol County Mutual, 

Citizens Mutual, . 

China Mutual, 

Fall River Manufacturers 1 , . 

Hampshire Mutual, 

Hingham Mutual, . 

Holyoke Mutual, . 

Lowell Mutual, 

Lumber Mutual, 

Lynn Mutual, 

Middlesex Mutual, 

Merchants' and Farmers 1 Mutual 

Paper Mill, .... 

Quincy Mutual, 

Traders 1 and Mechanics 1 Mutual, 

Worcester Manufacturers 1 , . 

"Worcester Mutual, 



. Abington, . 


. December, 


1902 


. Boston, 


. December, 


ii 


. Attleborough, 


. September, 


it 


. Boston, 


. December, 


ii 


. New Bedford, . 


. December, 


ii 


. Boston, 


. December, 


1903 


. Boston, 


. October, 


1902 


. Fall River, 


. December, 


it 


. Northampton, 


. October, 


u 


. Hingham, . 


. December, 


l( 


. Salem, 


. October, 


II 


. Lowell, 


. October, 


II 


. Boston, 


. December, 


1903 


. Lynn, 


. September, 


1902 


. Concord, . 


. October, 


ii 


, . Worcester, 


. September, 


it 


. Boston, 


. October, 


it 


. Quincy, . 


. October, 


it 


. Lowell, 


. September, 


ii 


. Worcester, 


. September, 


K 


. Worcester, 


. October, 


ti 



INSURANCE COMMISSIONER. Vll 

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

Massachusetts Mutual Life, . . . Springfield, . . January, 1902. 

New England Mutual Life, . . . Boston, . . . January, " 

Union Health and Accident, . . . Boston. 

Loyal Protective Association, . . Boston. 



Department Valuation of Stocks and Bonds. 

Persons familiar with former reports of this department will note 
at once upon opening the report for this year that there has been a 
radical change in presenting the schedules of stocks and bonds 
owned by the companies. Heretofore for many years they have 
been published in a form too condensed for the greatest practical 
good. Issues of bonds of different years and with different rates 
have been lumped together, so that it would be entirely impractica- 
ble for any one, by means of the information provided by the report, 
to ascertain whether the securities were carried at a fair valuation or 
not. In other cases the description of the securities was too meagre 
to permit of identification for the purposes of valuation. 

It was this year determined to make a change. The stocks and 
bonds of every company are given in this report in such detail that 
they can be identified without trouble, and a value placed upon each. 
Moreover, the same value is given a particular security wherever it 
occurs, so that the old anomaly of a particular form of bond ap- 
pearing with a dozen or more different values is eliminated. It has 
involved a large amount of extra labor, for not only has it been 
necessary to ascertain through reliable sources a quotation for every 
form of stock or bond in the schedules of all the companies, but, as 
it was essential also that a system of classification be adopted and 
adhered to, all schedules in which there was a failure by the com- 
panies to conform to the prescribed classification had to be rearranged 
by the department. In addition to this, of course, were the com- 
putations of all values incidental to the new ratings. 

In the execution of this plan some surprising things were found. 
In some cases companies reported in their schedules securities which 
they did not possess, something different being held in their places. 
In others it was found, upon trying to get a rating, that no security 
of the description given had ever been issued, and inquiry would 



Vlll REPORT OF THE 

reveal the fact that the description was incorrect. All discrepancies 
of this class may be attributed to carelessness, and were not of a 
serious character. There may have been others of like nature 
which were not detected, as, for instance, a mistake that would give 
the due date of a bond maturing in 1929 as 1949, all other items in 
the description of the two issues of bonds being alike. 

But there appeared another class of " discrepancies," which were 
due to deliberation, and revealed the different conclusions which 
different men drew from the same premises when actuated by differ- 
ent motives, or having different points of view. To illustrate, take 
the bonds of a well-known State which are held by more than a 
score of companies. The rates on the same issue varied all the way 
from 100 to 1141. It was noted also that while one company would 
be consistently a little above the market on all its rates, others would 
be under, some a shade, others a substantial amount, reaching a 
maximum of undervaluation for fire insurance companies in the 
case where the assets are given in this report as $1,500,000 in 
round numbers in excess of what was returned in the statement. 

But, without going into further detail regarding this somewhat 
radical change in this feature of the report, it is believed that the 
making of these valuations of stocks and bonds is a step toward 
clearness and definiteness, which will increase the value of the re- 
port. As far as known here, it has never before been attempted by 
an insurance department, although of course in the examination of 
individual companies all the stocks and bonds and other properties 
are given just the same treatment as the stock and bond schedules 
of all the companies included herein. 



Correct and Proper Annual Statements. 
Under another head allusion has been made to the fact that some 
of the companies in their annual statements to the department under- 
state their assets by a large amount. Undoubtedly they are actuated 
by motives of conservatism, and entertain no idea of the impropriety 
of the practice. But this view of it is unwarranted. The purpose 
of the annual statement is to bring before the public the condition of 
the various companies, all measured by the same standard. If in one 
case 125 cents of value is put into the standard dollar and in another 
only 80 cents, there is no basis for comparison. It was intended by 



INSURANCE COMMISSIONER. IX 

the makers of the annual statement blank that all the assets as well 
as all the liabilities of a company should be presented. In fact, the 
officers make oath that the statement, with its schedules and explana- 
tions, is a full and correct exhibit of all the assets, liabilities, income 
and disbursements as the same were in fact, and that the declarations 
and answers are true according to the best of their information, 
knowledge and belief. Now, these schedules call for the market 
value of stocks and bonds. "Market value" is a term too well 
known to excuse the figures given by some of the companies. It is 
something fairly comprehensible, and would be understood on all 
sides if, for instance, these same securities were rated at 20 per 
cent, over what they would sell for, instead of that amount under 
what could be realized upon them. As a matter of fact, although 
one policy may tend towards safety and the other establish an ab- 
solutely unsound basis, both arealike incorrect, in that neither gives 
what is asked for by the department or covered by the oath of the 
officers. But, it is argued, the justification of the former method is 
found in the safe result. The reply to this is, that the company is 
no less strong and safe if it makes a correct statement than if it 
makes one that undervalues its assets. Besides, there is a purpose 
in requiring these annual statements of assets to give reasonably 
correct figures. It is that the public may know not merely whether 
a compan}' is safe, but also whether it is making an unwarrantable 
profit from the rates it has in force. If hundreds of thousands of 
dollars of value may be concealed by undervaluation, this act defeats 
one of the purposes of the report. It is no answer to say that 
whether a company makes a profit or not is none of the business of 
the public, — that soundness is the only proper subject for State in- 
quiry ; for the State has assumed that it is concerned to know other 
things, and has enacted laws designed to make them public property. 
Any purpose to defeat this design, by even so plausible and taking 
an excuse as a desire to have the company actually better than it 
appears, will be in a degree nullified, it is hoped, without further 
legislative enactments, by the valuation by the department of stocks 
and bonds appearing in the statements published in its annual re- 
ports, — a policy adopted this year, as stated elsewhere. 



x report of the 

The Collision Clause in Automobile Policies. 

One of the vexed questions in the administration of the affairs of 
this department relates to the latitude in issuing policies which may 
be allowed a marine insurance company under the law. The statute 
is vague. It allows a company of that class to insure " vessels, 
freights, goods, money, effects and money lent on bottomry or 
respondentia, against perils of the sea and other perils usually in- 
sured against by marine insurance, including risks of inland naviga- 
tion and transportation." What may be included in " other perils 
usually insured against by marine insurance " ? If the field broadens 
by the assumption of new classes of risks, and the phrase is re-enacted 
from time to time in successive recodifications of the law, does it 
make it lawful for marine companies to do now what they could not 
have done when the words in question first went into the law more 
than fifty years ago ? 

Such questions come to the front from time to time. Recently 
one appeared through the desire of owners of automobiles to procure 
insurance against the damage their machines might do by collision 
with other objects. In other words, they desired to protect them- 
selves against their liability for damage which their machines might 
occasion. Certain marine companies desired to incorporate this 
protection in such policies as they might issue on this class of prop- 
erty, under the right to insure risks during inland transportation. 
As it was by no means clear that it could be done lawfully, the 
question was referred to the Attorney-General, the legal adviser of 
State departments. The following is a transcript of his reply, from 
which it appears that, in his opinion, the collision hazard may not 
be assumed by a marine company in insuring an automobile. 

Boston, April 2, 1906. 
Hon. Frederick L. Cutting, Insurance Commissioner. 

Dear Sir : — You ask my opinion upon the question whether a " collision 
clause," insuring the owner of an automobile, whereby the owner is insured 
against loss to the automobile caused by a collision with another object, 
and also against liability for damage caused by the automobile to other 
property through a collision, is permissible in this Commonwealth under a 
marine policy. 

Section 29 of chapter 118 of the Revised Laws provides that a company 
duly authorized to transact the business of marine insurance may — 



INSURANCE COMMISSIONER. XI 

Insure upon the stock or mutual plan vessels, freights, goods, money, effects, 
and money lent on bottomry or respondentia, against the perils of the sea and 
other perils usually insured against by marine insurance, including risks of inland 
navigation and transportation. 

The clause in question in the policy submitted to me is similar to the 
usual collision clause in marine insurance, but altered to fit the case of an 
automobile. It provides as follows : — 

This policy is extended to cover, whilst not in conveyance, the risk of loss 
and or damage to the automobile hereby insured, caused by collision with another 
object, whether moving or stationary, excluding always all claims for damage 
through detention, demurrage or loss of use. 

And it is further agreed, that if the automobile hereby insured shall come in 
collision with another object, whether moving or stationary, and the assured be- 
come liable to pay, and shall pay, any sum or sums for damages resulting there- 
from to said other object, in such case these assurers will contribute towards the 
payment of the total amount of said damages, in the proportion that the sum 
insured under this policy bears to the total valuation of the automobile, as stated 
herein, provided that these assurers shall not in any event be held liable under 
this agreement for a greater sum than the amount insured under this policy. 

It is also subject to the condition that there shall be no liability for any 
damages resulting from collision occurring while the automobile is being 
operated by any person under eighteen years of age, or in any race or 
speed test. 

On Aug. 8, 1904, the Attorney-General gave an opinion to the effect 
that automobiles might properly be insured under a marine form of policy, 
but he did not have before him the collision clause which is now brought 
in question. 

Section 29 of chapter 118 of the Revised Laws was first enacted in the 
insurance law of 1872 (chapter 375, section 1), which provided as fol- 
lows : — 

Any ten or more persons residents of this Commonwealth, who shall have 
associated themselves together . . . with the intention to constitute a corporation 
for the purpose of transacting the business of insurance, either upon the stock 
or mutual principle, against loss or damage by fire, by lightning, by tempest, or 
by the perils of the sea, and other perils usually insured against by marine 
insurance companies, including risks of inland navigation and transportation, 
shall become a corporation . . . subject to all the duties, liabilities and restric- 
tions set forth in all general laws which are or may be in force relating to insur- 
ance corporations. 

Prior to that time there had been in force General Statutes, chapter 58, 
section 32, providing as follows : — 

Companies thus organized may insure vessels, freights, goods, money, effects, 
and money lent on bottomry or respondentia, against the perils of the sea and 



Xll REPORT OF THE 

other perils usually insured against by marine insurance; and dwelling houses 
and other buildings, merchandise and other personal property, against loss by 
fire, according to their respective charters. 

Section 65 provided that : — 

No life insurance company shall issue policies insuring fire or marine risks. 

Thus it appears that the phrase " perils usually insured against by marine 
insurance" is an old one in the statute law of Massachusetts, but that the 
additional words " including risks of inland navigation and transportation" 
were added thereto in 1872. I do not find any case in which the phrase 
" and other perils usually insured against by marine insurance" has been 
thoroughly analyzed or discussed ; but in Gage v. Tirrell, 9 Allen, 299, it 
was said as a dictum that : — 

Perils of the seas embrace not only inevitable accidents arising from tempests, 
floods, earthquakes and other dangers happening without the intervention of man, 
but also those caused by collisions, fires, pirates and other occurrences, to the hap- 
pening of which human agency directly contributes. 

Although this case indicates that perils arising from human agency may 
be included in the phrase " perils of the seas," when used in an insurance 
policy, I think that the phrase " other perils usually insured against by 
marine insurance," when used in the statute, must be considered as refer- 
ring to the other perils which are usually stated in marine insurance poli- 
cies as the perils from men-of-war, fire, enemies, pirates, rovers, thieves, 
jettison, letters of mart and countermart and surprisals, takings at sea, 
arrests, restraints and detainments of all kings, princes and people, of 
what nation, condition or quality soever, and barratry of the master and 
mariners. 

The phrase " including risks of inland navigation and transportation" 
was probably added to make clear the right of a marine insurance company 
to make a policy upon goods immediately prior or subsequent to marine 
shipment, when the transportation or situation of the goods on land could 
be considered as part of the marine voyage. 

Marshall, in his book on marine insurance, published in 1865 (Part I., 
chapter I , page 2), defines it as follows : — 

Marine insurance is that which is applied to maritime commerce, and is made 
for the protection of persons having an interest in ships or goods on board from 
the loss or damage which may happen to them from the perils of the sea during 
a certain voyage or a fixed period of time. 

I am informed by you that it has been customary for a number of years 
for marine insurance companies to make policies upon property in transit 
over land and having no connection with any marine voyage, and also to 
make policies upon the liability of common carriers to the owners of prop- 



INSURANCE COMMISSIONER. Xlll 

erty carried by them, and upon a number of other sorts of property and 
liability having no reference to marine transportation. 

In the absence of any judicial determination, however, I do not think 
that the acts of the insurance companies themselves can be used to enlarge 
the plain meaning of the words in the statute, which give marine companies 
the right to make insurance covering only the perils of the seas and other 
perils usually insured against by marine insurance, including risks of inland 
navigation and transportation. 

This construction is strengthened by the fact that Revised Laws, chapter 
118, section 29, expressly authorizes companies to be formed for the pur- 
pose of effecting eleven kinds of insurance other than marine, of which one 
is : — 

against loss or damage to property arising from accidents to elevators, bicycles 
and vehicles, except rolling stock of railways. 

The obvious intention of the Legislature was to provide distinct classes 
of insurance companies for making distinct forms of policies, and it limited 
the rights of each class of company by providing at the end of the section 
that : — 

No such corporation shall transact any business other than that specified in its 
charter or agreement of association. 

I am of opinion, therefore, that marine insurance companies in Massa- 
chusetts are not authorized to issue policies insuring an automobile owner 
against loss and liability caused by the collision of his automobile with 

another object. 

Very truly yours, 

Dana Malone, 

Attorney- General. 



The Fire Insurance Situation. 
When the winds are fair and the sky is clear a frail boat can sail 
the seas. But when tempests rage and the angry waters are eager 
for victims steel and oak make none too stanch a craft. A lands- 
man might be equal to the task of guiding the former on its lazy 
way, but when the hurricane strikes one would prefer to be aboard 
the stronger craft, handled by a master of the seas. Is it a flight of 
fancy merely to apply similar language to fire insurance companies? 
If only there w r ere no extraordinary outbreaks the frail company 
with an unseasoned underwriter might escape disaster. But more 
fiercely than the typhoon of the tropics, and with as little warning, 



XIV REPORT OF THE 

the enemy descends upon a city, destroying millions of value in a 
day, testing the soundness of the insurance craft and its prepared- 
ness for the shock, as well as the skill and foresight of those in com- 
mand. If like the wise seaman they have kept in mind the possibility 
of trouble and* made preparations to meet it, their charges will, like 
the stanch ship under its capable master, be more likely to emerge 
safely from the encounter, though perhaps not in a condition to 
welcome immediate inspection. 

To state the case without metaphor, the ever-present problem 
with a fire insurance company is, how can it be prepared to meet 
the loss occasioned by the insatiable passion of a conflagration when 
it runs riot in a great city. This problem it cannot escape. Lest 
it forget, reminder follows reminder. Chicago, Boston, Baltimore, 
Jacksonville, Pittsburg, Paterson, and now, to cap the climax, 
San Francisco ! While the life underwriter may rest secure on rates 
with a margin well above a safe mortality table and a rate of interest 
below the normal, the manager of a fire insurance company can 
never escape the foreboding that the accumulations of years may 
vanish in a night. He cannot rest with assurance on rates once 
established. Every day his skill and experience must be applied to 
the solution of difficult and perplexing questions, the correct solu- 
tion of which will help sustain his company in the disaster sure to 
come, but where and when no man knows. 

That so many companies have met this conflagration hazard so 
many times and paid their obligations dollar for dollar is a tribute 
not only to the ability and foresight, but also to the inflexible deter- 
mination of the officers to accumulate funds for the possible disaster, 
regardless of clamor or threatening^. One of the things which 
should be constantly borne in mind by those who expostulate on 
account of the cost of fire insurance when the companies have a year 
of under-average loss, is that the companies could not have stood 
the occasional but certain tremendous drafts upon their resources 
but for the foresight and persistence of their managers in accumu- 
lating, little by little, these large surpluses, knowing that sooner or 
later the time would come when, if they did not have the means to 
pay their losses, the persons who are foremost in decrying rates 
would be the first to utter words of condemnation. It is an elemen- 
tary fact that needs to be stated over and over that no funds are avail- 
able out of which to pay losses if a company is to continue business 



INSUFANCE COMMISSIONER. XV 

except what are contributed by the insured in premiums and the 
interest on accumulations. If a company meets losses aggregating 
a million when it has rising a million of surplus, it is in a condition 
to continue, but it will not be able to respond to an encore many 
times unless, meanwhile, it has collected and saved enough in 
premiums to equal what it must distribute. What must be paid out 
on account of the San Francisco disaster must mainly have come 
from savings on premiums. Eight companies lost upwards of 
$3,000,000 each, 10 between $2,000,000 and $3,000,000 each and 
29 between $1,000,000 and $2,000,000 each, according to present 
estimates. This means either that each of these companies has 
accumulated over and above its capital and reserve and all other 
liabilities these vast amounts for such an emergency, or else must 
fail or resort to stockholders' contributions to be made up from 
future premiums. For the former class it was necessarily by the 
accumulations from previous years. Had the rates been so low as to 
permit no such savings, or had the stockholders been greedy enough 
to have absorbed all the profits year by year, not only would the 
San Francisco unfortunates be unable to collect their losses, but all 
others having insurance in the insolvent companies would be direct 
losers thereby. And not only this, but the companies would be so 
reduced that it would be impossible to cover all risks in congested 
districts. Then, without good insurance as a foundation for confi- 
dence, the wheels of business would be blocked, and losses of profits 
result which might easily be much in excess of the small part of the 
fire insurance rate which goes into these accumulations of surplus 
which are for the safety and advantage of all. 



As to Fire Insurance Rates. 

But the question may be asked whether it is not possible for fire 
insurance to be afforded at lower rates. With certain conditions 
changed it certainly could be. The premiums paid to a company 
are used for the settlement of losses, for paying the expenses of 
carrying on the business, and for the profit of the stockholders. 
The losses and expenses have to be paid first. The losses, generally 
speaking, are beyond the control of the companies ; that is, the 
great bulk of them will occur in spite of the companies. But the 
insured have it in their power to reduce fire losses to a very great 



XVI REPORT OF THE 

extent. And they have it in their power also to keep down the 
expenses, a great element in which is agents' commissions. If every 
insurer took his policies direct from the company or its local office, 
and thus commission was eliminated from the transaction, a con- 
siderable saving would be effected at once. Impracticable? Yes, 
for the insurer, but not for the company. This element, therefore, 
has to be in the premium because the public will do their business 
only through agents who seek for it for the commission there is in 
it. The public does not want to go to the trouble to hunt up a 
company and ascertain its standing any more than it wants to go to 
the post-office for its mail or to the store for its groceries. People 
with insurance to place prefer to be sought rather than to become 
seekers, and they pay the bill, although it is not separated out so 
that they see that they are paying somebody 15 per cent, for pro- 
curing for them something they want and must have. But for the 
present, at least, this part of the expense of insurance will not be 
eliminated. Neither will the loss element be greatly curtailed. The 
public are not ready to take the steps to effect a reduction in these 
respects by ignoring the agent on the one hand, and by building 
fire-proof structures and eliminating by greater care the common 
causes of fires on the other. Lower rates then, if they come at all, 
must result from a reduction in profits on the business. But with 
San Francisco following so closely on the heels of Baltimore — there 
was just two years to a day from the date this department sent out 
requests to the companies for reports of their losses in the Baltimore 
fire to the date when it sent a precisely similar notice in regard to 
the San Francisco disaster — it is in vain to talk of profits to most 
of the companies affected. But for these disasters lower rates would 
have been probable. But at the date of writing this it looks more 
like an advance than a reduction. Should this occur Boston should 
turn back to 1872 and recall the fact that millions that had been 
collected in premiums in other cities were transferred to this city 
with our entire approbation. It is our turn now to help others. 
Thankful that we did not suffer from this last disaster ourselves, we 
should do our share towards preparing for the next catastrophe, thus 
casting bread upon the waters, which who knows but what we shall 
be the first to need. 

But, it may be objected by some one whose property is not sub- 
ject to the conflagration hazard, w r hy should I bear a part of the 



INSURANCE COMMISSIONER. XV11 

extra cost of insurance on account of a hazard that does not pertain 
to my property ? The position may be a sound one that funds to 
pay losses from this source must come from the premiums paid to 
the companies, but why not from the premiums collected in the con- 
gested districts, where the danger lies? 

By way of comment on this objection it may be observed that the 
fact is all companies seek what are called "protected" risks. Farm 
property they are reluctant to cover. All isolated risks, indeed, 
they look upon with suspicion. They take such risks in a limited 
way, but more often than not it is in order to secure better ones 
which an agent controls and which he uses to work off his poorer 
class. If, then, protected property, which usually is the property 
subject to the conflagration hazard, is given a rating such that the 
companies are all eager for it in preference to unprotected or isolated 
property at its rating, it means of course that the companies believe 
there is more profit in the protected than in the unprotected, that 
is, that notwithstanding the risk of conflagration pertaining to most 
protected property, there is more money to be made in insuring it 
than in insuring outside risks. The natural inference from this is 
that it is the rates in the congested districts which are looked to to 
take care of the conflagrations. And this inference is understood 
to be in accord with the facts. In the case of some companies, at 
least, it has been necessary to draw from the margin in rates over 
cost in congested centres to settle losses on property not subject to 
the conflagration hazard, the premiums on this class being inadequate 
to bear its own losses. 

But, it is still further objected, the unscathed cities should not 
suffer for the losses of those which have been through the furnace. 
If any city absolutely knew that the protection afforded by its 
water supply could not be destroyed, and that no direful visitation 
of nature would come upon it preparing the way for a conflagration, 
perhaps such a city might be rated independently of other cities. 
But until that time comes the relation between cities must be con- 
sidered as not greatly different from that which exists between 
buildings of the same character. Insurance, it should be re- 
membered, is simply a device for shifting losses, so that, instead of 
their falling wholly upon those who suffer them, they will be borne 
by all subject to the same liability to suffer loss, and enter into the 
arrangement for sharing them. This principle is perfectly familiar 



XV111 REPORT OF THE 

in mutual insurance companies, whether fire, life or of any other 
class. Had all the insurance in San Francisco been placed in 
mutual companies, if any company had come short of funds to pay 
its losses the assessment would have been upon all the policy 
holders, regardless of their location. In a certain sense stock fire 
insurance is based on the same principle. Losses are paid from 
assessments or premiums or funds, or whatever they may be called, 
contributed by the entire field in which a company operates. Such 
funds are accumulated in advance, and the company which meets 
with losses in excess of those accumulations has no recourse to its 
policy holders unless it is able to raise the rates on new contracts. 
And this it must do or go out of business if it finds that, as a matter 
of experience, the premiums now collected are insufficient to pay 
the losses, including those due to conflagrations. Sound fire in- 
surance cannot be furnished without ample premiums. A company 
that is not good for its contracts in San Francisco is not likely to 
be good for them in New York or Boston. If it is argued for any 
city that its losses are few, it should be borne in mind that this is 
the reason fire insurance rates are not higher. If every city had ex- 
perienced what several have passed through within a generation, it is 
not easy to guess what the rates would be even if there were any 
companies left to make them. 



As to the Companies involved. 
Although the San Francisco conflagration occurred two months 
ago, it is yet too soon to tell the amount of the losses it entailed 
upon any of the companies engaged in business in that city. The 
total destruction of company records in many cases, the destruction 
of records and books relating to property as well as the property 
itself, the troublesome questions as to the amount of damage done 
by earthquake in individual cases, which damage fire insurance com- 
panies had no authority to insure against, the general paralysis re- 
sulting from so great a calamity, the unavoidable difference of 
opinions sure to arise in attacking problems of such magnitude as the 
adjustment of $200,000,000 of losses, more or less, all have contrib- 
uted their share in causing delay in settlements. It is improbable 
that the adjustments will be completed in all cases during the present 
calendar year, and not improbable that they will drag along for a 



INSURANCE COMMISSIONER. XIX 

much longer period. Meanwhile the companies that received the 
hardest punishment will be recuperating or else conclude to go out 
of business. There is every indication, however, that nearly all of 
them are intending to settle their losses, repair all financial damages 
to themselves that would interfere with further appeals for public 
confidence, and continue in the business. As far as yet appears, 
only one company of all those doing business in Massachusetts, will 
be unable to protect their policy holders at the time of the great 
disaster to the full extent they will be called upon to give protection. 
That exception is the Traders of Chicago, whose standing the day 
before the disaster was such that it was readily classed among the 
strongest in the country. Its large surplus, as well as its capital, 
were wiped out, with the result that a receiver* was appointed, which 
served to cut oft' the protection of all holding its policies, thus caus- 
ing them a loss to the extent of unearned premiums less what may 
be recovered from the receiver when the assets are distributed. 
Several other companies have reinsured and ceased to write business, 
a few have ceased writing and will allow their risks to "run off" 
their books in the natural way, and others have reinsured as a pre- 
caution. A list of the companies which have left the State may be 
found on an earlier page of this volume. 

Of the Massachusetts companies doing a general business, one, 
the Boston Insurance Company, retired from the Pacific coast some 
years ago, but the other three were not immune. The Springfield 
Fire and Marine estimates its loss at about $1,700,000, which leaves 
its capital of $2,000,000 intact and about a half million surplus be- 
sides. 

The Mercantile Fire and Marine suffered to an extent in excess of 
its surplus, but it has reinsured all of its business in the American 
Central of St. Louis, a company with ample means. The same com- 
pany also assumes all Mercantile risks by reinsurance as fast as 
placed upon the Mercantile books. The strongest assurances are 
made by the holders of a majority of the stock of the Massachusetts 
company that when the extent of the impairment is revealed it will 
be made good and a sufficient surplus furnished. Indeed, steps to 
that end have already been taken. 

The American Fire of Boston has ceased writing business, and on 
April 27 reinsured in the Firemen's of New Jersey so that its policy 

* Byron L. Smith, Chicago, May 5, 1906. 



XX REPORT OF THE 

holders appear to be amply protected. The exact extent of its 
San Francisco loss has not been determined, but there is no expec- 
tation but that its funds in hand after settling its cost of reinsurance 
in the Firemen's will cover all of its losses. 

In respect to many companies other than domestic it may be said 
that while their losses are heavy, their stockholders are not disposed 
to see the companies snuffed out. They cannot afford it. Take the 
Hartford Fire for illustration. It heads the list of losers with the 
tremendous sum of $5,750,000, which was about the amount of its 
capital and surplus. But there was no faltering. Plans were at 
once made for increasing its capital to $2,000,000 and contributing 
$3,000,000 to the surplus. The stockholders could not afford to do 
otherwise. Here was a name and a prestige and an agency plant 
with trained and loyal men, which it had cost hundreds of thousands 
of dollars to establish, and which was worth to the company as a 
going concern all that it cost, but as a dead concern, nothing. It 
was "good business" to save it. So, too, it will be "good 
business " for other well-established companies to save what it has 
cost them so much in labor and money to acquire. Moreover, there 
is just as good a field for insurance as ever. Judging from the 
activity in forming new companies, there are many who expect 
better conditions and a still greater demand for the protection which 
good companies afford. 

For these reasons we expect that most of the companies interested 
in the San Francisco disaster will in due time recover from the 
shock, and meanwhile continue to take care of their policy holders. 



Insurance Agents, including Brokers. 

It has been suggested elsewhere in this report that rates would be 
considerably reduced if the public would dispense with the services 
of fire insurance agents whose commissions serve to increase pre- 
miums by quite a percentage. The conclusion was that the agent is 
not likely to be generally eliminated and his commissions cut out. 
The reason for this conclusion is worth a little consideration in view 
of the present agitation over rates. 

In many cases, and perhaps in most, the fire insurance agent does 
much more than merely place the insurance and draw his commission 
therefor. He performs the service of an expert. He stands upon 



INSURANCE COMMISSIONER. XXI 

the watch tower. He assumes responsibility. He, in his best char- 
acter, regards his work as a trust confided to him by the assured, 
and so studies carefully the soundness of the companies he uses. 
Frequently, if a company of his selection goes to the bad, as com- 
panies will, the agent regards it as an impeachment of his judgment 
and good faith with his customer, and bears out of his own pocket 
the expense of the new policy to take the place of the discredited one. 
It is the agents who for their customers have kept posted, or tried to 
keep posted, in respect to the effect of the San Francisco disaster upon 
the various companies. To their diligence in seeking for information 
this department can testify. 

When a service becomes advantageous to so many there need be no 
expectation that it will be discontinued although it costs heavily, and 
there are some unworthy agents whose only thought is for the com- 
missions and who serve neither the companies nor the public wisely. 
The extra cost will be borne by the policy holders, and, where the 
conscientious agent is concerned, they will receive service commen- 
surate with the cost by having their insurance well placed and faith- 
fully looked after by one who has a knowledge of companies and 
conditions which the insured is too much engrossed in his own work 
to acquire. It is a convenience in accord with the character of the 
times to be able to simply say to a specialist, " Look out for my in- 
surance " and be able to feel that it will be done with skill and faith- 
fulness. The agent at his best is that specialist. 



Department Finances. 
The revenues of the insurance department during the year 1905 
were $83,467.60, and the expenditures $51,080.03, the net amount 
accruing to the treasury of the Commonwealth from this source 
being $32,387.57. 

Respectfully submitted, 





Insurance Commissioner. 



XX11 REPORT OF THE 



REPORTS OF RECEIVERS OF INSOLVENT FIRE COMPANIES. 



Atlas Mutual Insurance Company. — Franklin T. Hammond, 50 
State Street, Boston, receiver; appointed May 11, 1904. 

Balance on hand May 1 1, 1905, % 32,691 14 

Amount of receipts from May 11, 1905, to June 6, 1906, 

inclusive, 28,214 52 

Total, $60,905 66 

Amounts paid out from May 11, 1905, to June 6, 1906, in- 
clusive, 41,457 37 

Balance on hand June 7, 1906, $19,448 29 

In January of the present year the receiver paid a dividend on 
allowed claims, which made the total amount paid on each claim at 
that time 85 per cent., the payments on account of that dividend 
being $19,496.42. 

Substantially all the assessments on Massachusetts policy holders 
have been collected, and collections are now being very satisfac- 
torily made from policy holders outside of Massachusetts. 

Firemen's Fire Insurance Company. — International Trust Coni- 
pairy, Boston, receiver; appointed July 6, 1900. Receiver reports 
that he has on hand for distribution when the proper time comes 
the sum of $400,000, the amount of the capital stock of the liqui- 
dating company. 

Melrose Mutual Fire Insurance Company. — Alpheus Sanford, 
Mason Building, Boston, receiver ; appointed Nov. 26, 1895. The 
receiver has paid the last 20 per cent, decreed by the court to loss 
claimants, with the exception of one case, in which the proper party 
to receive the dividend has not been located. With this paid the 
final report showing the closing up of the affairs of the receivership 
will be made. 



INSURANCE COMMISSIONER. 



XX111 



Comparative Table A. — Massachusetts Mutual Fire Insurance Com- 
panies. 





1904.* 


1905.* 


Increase or 
Decrease in 1905. 


Assets (including contingent), 


$47,314,230 


$49,986,165 


$2,671,935 


Liabilities, 


6,464,951 


6,784,780 


319,829 


Cash surplus, . 








6,881,211 


6,987,924 


106,713 


Income, . 








7,850,631 


8,364,652 


514,021 


Disbursements, 








7,414,927 


7,893,527 


478,600 


Premiums, 








7,285,577 


7,763,997 


478,420 


Losses paid, 








1,214,036 


1,188,086 


—25,950 


Losses incurred, 








1,159,054 


1,205,412 


46,358 


Risks outstanding, 








1,130,671,093 


1,185,669,693 


54,998,600 


Expenses, 








1,016,860 


1,053,599 


36,739 


Assessments collected, 






- 


- 


- 


Profits returned, 






5,109,189 


5,532,636 


423,447 



* Forty-two companies. 



Comparative Table B. — Massachusetts Mutual Fire-Marine Insurance 

Companies. 





1904.* 


1905.* 


Increase or 
Decrease in 1905. 


Assets, 


$511,420 


$539,649 


$28,229 


Liabilities, 








267,493 


275,667 


8,174 


Surplus, . 








243,927 


263,982 


20,055 


Income, . 








416,088 


490,689 


74,601 


Disbursements, 








450,945 


491,122 


40,177 


Premiums, 








398,114 


412,696 


14,582 


Losses paid, 








327,737 


303,600 


—24,137 


Losses incurred, 








356,668 


280,147 


—76,521 


Risks outstanding, 








19,448,565 


21,303,562 


1,854,997 


Expenses, 








92,826 


99,392 


6,566 



* Two companies. 



XXIV 



REPORT OF THE 



Comparative Table C. — Massachusetts Joint-Stock Insurance Companies. 





1904." 


1905.* 


Increase or 
Decrease in 1905. 


Cash capital, . 






$3,700,000 


$3,700,000 


- 


Assets, 






11,761,735 


13,134,793 


$1,373,058 


Liabilities, 






4,520,847 


5,100,932 


580,085 


Surplus, . 






7,240,888 


8,033,861 


792,973 


Income, . 






6,485,012 


7,276,237 


791,225 


Disbursements, 






6,314,523 


5,942,416 


—372,107 


Fire premiums, 






4,881,785 


5,465,186 


583,401 


Marine premiums, . 






909,305 


1,125,476 


216,171 


Fire losses paid, 






3,418,768 


2,464,417 


—954,351 


Marine losses paid, 






404,829 


579,868 


175,039 


Fire losses incurred, 






3,465,611 


2,483,726 


—981,885 


Marine losses incurred, 






419,011 


600,494 


181,483 


Fire risks outstanding, 






619,652,717 


689,972,436 


70,319,719 


Marine risks outstanding, 




12,733,006 


21,504,380 


8,771,374 


Expenses, 




2,096,643 


2,386,857 


290,214 


Cash dividends declared, 




370,000 


373,000 


3,000 



* Four companies. 



INSURANCE COMMISSIONER. 



XXV 



Comparative Table D. — Fire and Marine Companies of Other States. 





1904.* 


1905.f 


Increase or 
Decrease in 1905. 


Cash capital, . 






$49,602,875 


$51,202,875 


$1,600,000 


Assets, 






293,319,019 


330,234,358 


36,915,339 


Liabilities, 






144,055,476 


163,626,691 


19,571,215 


Surplus, . 






149,263,543 


166,607,667 


17,344,124 


Income, . 






164,757,962 


176,047,013 


11,289,051 


Disbursements, 






154,418,080 


146,734,003 


—7,684,077 


Fire premiums, 






142,006,880 


151,942,508 


9,935,628 


Marine premiums, . 






8,136,962 


8,722,950 


585,988 


Fire losses paid, 






82,625,133 


68,570,924 


—14,054,209 


Marine losses paid, . 






3,785,225 


4,891,736 


1,106,511 


Fire losses incurred, 






83,134,202 


68,094,430 


—15,039,772 


Marine losses incurred, 






4,996,477 


5,087,293 


90,816 


Fire risks outstanding, 






19,949,423,443 


21,684,520,538 


1,735,097,095 


Marine risks outstanding, 




235,817,486 


319,209,570 


83,392,084 


Expenses, 




52,222,245 


56,589,627 


4,367,382 


Cash dividends declared, 




7,094,977 


6,932,357 


—162,620 


* One hundred and sevente< 


in cor 


npanie 


s. t One hun 


Ired and twenty-t 


wo companies. 



XXVI 



KEPORT OF THE 



Comparative Table E. — United States Branches of Foreign Companies. 





1904.* 


1905.f 


Increase or 
Decrease in 1905. 


Deposit capital, 




$8,200,000 


$8,000,000 


—$200,000 


Assets in United States, . 




85,414,493 


87,957,556 


2,543,063 


Liabilities in United States, 




53,791,638 


55,193,056 


1,401,418 


Surplus, .... 




31,622,855 


32,764,500 


1,141,645 


Income, .... 




76,878,098 


68,413,968 


—8,464,130 


Disbursements, 




70,718,198 


64,773,985 


—5,944,213 


Fire premiums, 




60,668,342 


58,070,027 


—2,598,315 


Marine premiums, . 




3,706,390 


4,102,899 


396,509 


Fire losses paid, 




39,692,762 


29,866,292 


—9,826,470 


Marine losses paid, 




2,100,185 


2,382,299 


282,114 


Fire losses incurred, 




39,974,752 


29,102,512 


—10,872,240 


Marine losses incurred, . 




2,412,311 


2,618,783 


206,472 


Fire risks outstanding, . 




7,848,400,421 


8,076,186,471 


227,786,050 


Marine risks outstanding, 




113,163,124 


103,291,235 


—9,871,889 ' 


Expenses, 




22,138,895 


21,750,092 


—388,803 


* Thirty-eight compani 


es. 


f Th 


irty-seven compa 


nies. 



INSURANCE COMMISSIONER. 



XXV11 



Aggregates of All the Companies. 





1904. 


1905. 


Increase or 
Decrease in 1905. 


Cash capital, 


$61,502,875 


$62,902,875 


$1,400,000 


Assets (including continger 

mutual companies). 
Liabilities, 


it of 


438,320,897 
209,100,405 


481,852,521 
230,981,126 


43,531,624 
21,880,721 


Surplus, .... 




195,252,424 


214,657,934 


19,405,510 


Income, .... 




256,387,791 


260,592,559 


4,204,768 


Disbursements, 




239,316,673 


225,835,053 


—13,481,620 


Fire premiums, 




214,962,891 


223,373,832 


8,410,941 


Marine premiums, . 




13,030,464 


14,231,907 


1,201,443 


Fire losses paid, 




127,031,051 


102,154,373 


—24,876,678 


Marine losses paid, . 




6,537,624 


8,092,849 


1,555,225 


Fire losses incurred, 




127,033,891 


100,956,574 


—26,077,317 


Marine losses incurred, . 




8,104,266 


8,516,223 


411,957 


Fire risks outstanding, . 




29,559,581,811 


31,649,118,151 


2,089,536,340 


Marine risks outstanding, 




369,728,044 


452,539,734 


82,811,690 


Expenses, 




77,567,469 


81,879,567 


4,312,098 


Cash dividends declared, 




7,464,977 


7,305,357 


-159,620 



XXV111 



REPORT OF THE 



Table I. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Contingent 
Assets. 


Admitted 

Assets.* 


Liabilities.! 


Surplus or 

Deficiency 

in 1905. 


Surplus or 

Deficiency 

in 1904. 


Abington, 

Annisquam, 

Attleborough 

Barnstable County 

Berkshire,. 


$108,201 

5,736 

64,813 

131,213 

173,215 


$129,672 

9,927 

43,511 

118,061 

164,582 


$59,444 

194 

22,012 

69,398 

87,261 


$70,228 

-X 

21,499 
48,663 
77,321 


$53,267 

-t 
32,009 
41,676 
68,816 


Bristol County, 

Cambridge, 

Citizens', 

Dedham, 

Dorchester, 


102,871 
318,097 
390,354 
114,518 
680,185 


2,436 
181,487 
331,537 
170,805 
487,035 


147,461 

188,607 

61,242 

368,068 


-§ 

34,026 

142,930 

109,563 

118,967 


-§ 

22,363 

129,144 

101,639 

161,407 


Fitchburg, 

Groveland, 

Hampshire, 

Hingham, 

Holyoke, 


284,727 
140,538 
58,415 
413,341 
586,047 


216,326 

848 

61,062 

337,860 

980,558 


175,279 
245 

29,472 
200,110 

402,274|| 


41,047 

-X 

31,590 
137,750 

578,284 


38,188 

-X 

28,029 
139,142 
631,416|| 


Lowell, 

Lumber, 

Lynn, 

Merchants' and Farmers', 
Merrimack, 


162,982 
583,814 
59,379 
312,155 
400,166 


211,710 
241,669 
66,982 
279,752 
246,476 


85,817 
103,264 

15,841 
161,321 
202,558 


125,893 
138,405 

51,141 
118,431 

43,918 


118,183 
80,532 
48,794 

101,847 
33,176 


Middlesex, 

Mutual Fire Assurance, . 

Mutual Protection, .... 

Newburyport, 

Norfolk 


657,049 
103,663 
109,913 
47,410 
356,144 


696,489 
238,684 
132,116 
42,707 
668,272 


336,802 

53,430 

52,788 

6,606 

189,126 


359,687 

185,254 

79,328 

36,101 

479,146 


352,807 

162,019 

77,818 

33,297 

458,094 


Quincy, 

Salem, 

Salisbury and Amesbury, 

Saugus, 

South Danvers, .... 


487,714 
110,396 
228,160 
327,691 

76,784 


720,014 

96,522 

6,075 

3,873 

31,778 


248,199 

60,424 

378 

12,836 


471,815 
36,098 
-§ 

-X 

18,942 


455,776 
48,162 
-§ 
-t 
19,555 


Traders' and Mechanics', 

West Newbury, .... 

Whiting 

Worcester Mutual, .... 


644,702 
100,287 
140,452 

593,788 


699,298 

311 

49,098 

833,741 


333,148 

2,447 

37,313 

303,561 


366,150 

-X 

11,785 
530,180 


360,737 

6,237 
507,250 


Totals, 


$9,074,920 


$8,501,274 


$4,016,926 


$4,464,142 


$4,311,380 



Manufacturers' Mutuals. 



Arkwright, 

Boston Manufacturers', . 
Cotton and Woolen, .... 
Fall River Manufacturers', 
Industrial, . . . . 

Paper Mill, 

Rubber Manufacturers', . 
Worcester Manufacturers', 


$6,694,554 
8,226,668 
2,413,395 
2,560,688 
1,542,098 

683,724 
2,168.253 
2,849,161 


$1,372,686 

1,598,323 

366,387 

557,846 

227,358 

143,368 
375,684 
629,778 


$686,582 
840,658 
243,266 
262,368 
155,293 

69,121 
218,673 
291,893 


$686,104 

757,665 

123,121 

295,478 

72,065 

74,247 
157,011 
337,885 


$614,521 
673,702 

91,457 
253,284 

25,286 

64,247 
125,923 
28S,949 


Totals, 

Grand totals, ..... 


$27,138,541 
$36,213,461 


$5,271,430 
$13,772,704 


$2,767,854 

$6,784,780 


$2,503,576 
$6,967,71S 


$2,137,369 
$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. 



INSURANCE COMMISSIONER. 



XXIX 



Table II. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Amount at Risk 
Dec. 31, 1905. 


Income. 


Disburse- 
ments. 


Abington, 

Annisquam, 

Attleborough, 

Barnstable County, 

Berkshire, 


$6,817,599 

289,380 

3,404,634 

7,559,642 

11,076,240 


$41,600 

925 

19,361 

51,792 

61,402 


$33,783 

653 

21,695 

50,492 

59,066 


Bristol County, 

Cambridge, 

Citizens', 

Dedham, 

Dorchester, 


1,543,755 
19,249,040 
27,555,981 

7,474,575 
40,716,675 


2,216 

90,737 

91,720 

41,326 

269,216 


2,625 

111,019 

94,459 

38,767 

271,346 


Fitchburg, 

Groveland, 

Hampshire, 

Hingham, 

Holyoke, 


19,781,629 

1,733,772 

3,801,312 

27,390,545 

39,232,387 


124,881 

8,042 

18,708 

101,922 

204,173 


115,510 

7,376 

18,038 

113,279 

174,750 


Lowell, 

Lumber, 

Lynn 

Merchants' and Farmers', 

Merrimack, 


10,089,983 

7,261,927 

2,211,717 

20,963,045 

27,166,546 


64,764 
208,330 

14,926 
109,545 
122,366 


59,199 

164,326 

9,953 

108,813 

123,826 


Middlesex, 

Mutual Fire Assurance, 

Mutual Protection, 

Newburyport, 

Norfolk 


43,786,971 

6,299,675 

6,069,534 

782,360 

24,899,128 


188,816 

32,973 

44,578 

6,538 

105,722 


190,531 

27,782 

46,123 

6,048 

104,313 


Quincy, 

Salem, 

Salisbury and A me sbury, 

Saugus, 

South Danvers, 


32,969,749 
6,243,342 

2,488,744 
2,566,995 
1,202,000 


179,140 

53,789 

8,587 

3,511 

6,745 


187,668 

62,485 

9,636 

3,175 

5,715 


Traders' and Mechanics', 

West Newbury, 

Whiting 

Worcester Mutual, 


42,145,818 
1,439,445 
8,273,504 

43,170,175 


216,879 

5,757 

34,604 

170,221 


204,603 

5,716 

31,136 

165,177 




$508,001,401 


$2,705,812 


$2,629,083 



Manufacturers' Mutuals. 



Ark wright, 

Boston Manufacturers', . 

Cotton and Woolen, 

Fall River Manufacturers' 

Industrial, 

Paper Mill, 

Rubber Manufacturers', 

Worcester Manufacturers' 

Totals, 

Grand totals, 



$175,366,792 

214,820,605 

50,590,624 

64,721,534 

33,785,071 

17,378,397 
47,700,771 
73,304,498 



$677,668,292 
$1,185,669,693 



$1,405,890 

1,730,864 

478,680 

539, 4S2 

311,889 

143,988 
443,579 
604,468 



$5,658,840 
$8,364,652 



$1,334,281 

1,643,162 

421,376 

510,314 

259,804 

136,593 
384,729 

574,185 



55,264,444 

?7,S93,527 



XXX 



REPORT OF THE 



Table III. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Com- 
menced 
Business. 


Premiums. 


Losses Paid. 


Expenses. 


Abington, 

Annisquam, 

Attleborough, 

Barnstable County, .... 
Berkshire, 


1857 
1847 
1845 
1833 
1835 


$36,905 

14,725 
46,018 
55,032 


$11,472 

40 

15,916 

15,992 

24,315 


$10,335 
413 

8,110 
15,S00 


Bristol County, 

Cambridge, 

Citizens' ....... 

Dedham 

Dorchester, 


1829 
1834 
1846 
1837 
1855 


2,138 

77,374 

76,357 

33,342 

252,087 


1,173 

46,520 

26,547 

10,624 

125,064 


1,453 

27,844 
27,758 
12,013 
04,9.v_> 


Fitchburg, 

Groveland, 

Hampshire, 

Hingham, 

Holyoke 


1847 
1828 
1832 
1826 
1843 


112,347 

16,248 

86,489 

158,168 


37,873 

1,877 

7,054 

45,860 

44,343 


36,7.17 

1,446 

4,632 

25,143 

56,746 


Lowell, 

Lumber, 

Lynn 

Merchants' and Farmers', 
Merrimack, 


1832 
1895 

1828 
1847 
1828 


54,661 

199,613 

6,687 

93,072 
112,400 


19,149 
71,182 

891 
40,069 
46,702 


20,267 
31,391 
3,116 
28,035 
33,436 


Middlesex, 

Mutual Fire Assurance, 

Mutual Protection, .... 

Newbury port, 

Norfolk, 


1826 
1827 
1864 
1829 
1825 


161,409 

22,983 

38,392 

4,515 

77,429 


62,591 

2,576 

16,200 

206 

29,030 


48,985 

5,821 

18,279 

948 

23,213 


Quincy, 

Salem 

Salisbury and Amesbury, 

Saugus, 

South Danvers, 


1851 
1838 
1855 
1852 
1829 


147,074 

44,169 

8,422 

3,803 


59,022 

27,992 

6,852 

1,307 

681 


49,119 

16,371 

2,507 

1,760 

1,423 


Traders' and Mechanics', 

West Newbury, 

Whiting 

Worcester Mutual 


1848 
1828 
1899 
1824 


191,678 

32,860 
124,472 


69,882 
1,374 
3,149 

42,744 


59,740 
1,142 
6,562 

36,862 


Totals, 


$2,290,869 


$916,269 


$688,007 



Manufacturers' Mutuals. 



Arkwright, 

Boston Manufacturers', 
Cotton and Woolen, .... 
Fall River Manufacturers, . 
Industrial, 

Paper Mill 

Rubber Manufacturers', 
Worcester Manufacturers', . 


1860 
1850 
1875 
1870 
1890 

1887 
1885 
1S55 


$1,359,980 

1,671,705 

467,170 

518,907 

304,856 

139,259 
431,778 
579,473 


$63,653 
88,254 
24,999 
21,601 
17,821 

7,462 
23,146 

24,S81 


*74,810 

109,08S 

43,048 

27,109 

30,518 

10,304 
41,641 

29,074 


Totals, 

Grand totals 


$5,473,128 

$7,763,997 


$271,817 
$1,188,086 


$365,592 
$1,053,599 



INSURANCE COMMISSIONER. 



XXXI 



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



NAME OF COMPANY. 


Com- 
menced 
Business. 


Guaranty 
Fund. 


Scrip 
Out- 
standing. 


Admitted 
Assets. 


Liabili- 
ties.* 


Deficiency 
in 1905. 


Deficiency 
in 1904. 


China, .... 
India,! .... 


1853 
1867 


$152,000 


$506,090 
150,471 


$228,148 
311,501 


$177,759 

97,908 


$455,701 

88,878 


$444,206 
97,031 


Totals 


• 


$152,000 


$656,561 


$539,649 


$275,667 


$544,579 


$541,237 



* 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, 


$353,446 
137,244 


$375,465 
115,658 


$280,582 
132,114 


$238,946 
64,654 


$54,503 
44,889 


Totals 


$490,690 


$491,123 


$412,696 


$303,600 


$99,392 



Table VI. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Cash 
Capital. 


Admitted 

Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1905. 


Expenses.* 


American 

Mercantile Fire and Marine, 
Springfield Fire and Marine, 


$300,000 

1,000,000 

400,000 

2,000,000 


$791,601 

4,448,102 

752,044 

7,143,046 


$407,684 

1,299,307 

254,787 

3,139,154 


$383,917 

3,148,795 

497,257 

4,003,892 


$247,114 
580,165 
120,383 

1,439,195 


Totals, ...... 


$3,700,000 


'$13,134,793 


$5,100,932 


$8,033,861 


$2,386,857 



* 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, 

1905. 


Premiums. 


Losses 
Paid. 


American, 

Mercantile Fire and Marine, 
Springfield Fire and Marine, 


$658,806 

1,986,868 

357,010 

4,273,553 


8547,940 

1,588,496 

308,021 

3,497,959 


$52,930,729 

114,135,255 

86,242,771 

486,663,681 


$634,041 
711,560 
331,449 

3,788,136 


$279,826 
303,770 
155,688 

1,725,183 


Totals 


$7,276,237 


$5,942,416 


$689,972,436 


$5,465,186 


$2,464,417 



Marine Business 



Boston, 



$21,504,380 $1,125,476 



$579,868 



XXX11 



REPORT OF THE 



Table VIII. — Insurance Companies of Other States. 



1 






Surplus to 




NAME OF COMPANY. 


Cash 
Capital. 


Admitted 

Assets. 


Liabilities. 


Policy 

Holders 

Dec. 31, 

1905. 


Expenses. 


JEtna, 


$4,000,000 


$16,360,740 


$5,464,437 


$10,896,303 


$2,059,412 


Agricultural, 




500,000 


2,930,757 


1,448,405 


1,482,352 


543,616 


Albany, .... 




250,000 


671,382 


178,793 


492,589 


82,221 


Alliance, .... 




500,000 


1,229,990 


281,572 


948,418 


138,853 


American, .... 




600,000 


6,019,428 


2,974,913 


3,044,515 


833,095 


American Central, . 




1,000,000 


4,195,834 


1,769,831 


2,426,003 


813,021 


American Fire, . 




500,000 


2,909,718 


2,214,920 


694,798 


672,244 


American Lloyds, 




- 


782,146 


253,372 


528,774 


101,312 


American Mutual Fire, . 




- 


348,131 


138,192 


209,939 


14,463 


Assurance Company of Ameri 


ca, . 


400,000 


1,012,107 


394,526 


617,581 


171,735 


Atlantic Mutual, 




- 


15,117,706 


11,074,174 


4,043,532 


561,526 


Blackstone Mutual Fire, . 




- 


842,399 


325,874 


516,525 


38,018 


British American, 




200,000 


563,022 


287,583 


275,439 


150,716 


Buffalo Commercial, 




200,000 


557,662 


234,873 


322,789 


104,101 


Buffalo German, 




200,000 


2,410,925 


575,980 


1,834,945 


211,152 


Caledonian- American, 




200,000 


308,446 


18,745 


289,701 


6,593 


Calumet, .... 




200,000 


617,081 


165,591 


451,490 


135,743 


Camden Fire, 




400,000 


1,601,152 


725,316 


875,836 


310,475 


Capital Fire, 




200,000 


604,094 


303,043 


301,051 


119,959 


Central Manufacturers' Mutut 


il, ! 


- 


250,457 


147,709 


102,748 


77,807 


Citizens' (St. Louis), 




200,000 


813,729 


390,836 


422,893 


184,198 


City of New York, 




200,000 


608,546 


114,579 


493,967 


72,874 


Colonial Assurance, . 




200,000 


679,354 


378,500 


300,854 


189,680 


Colonial Fire, . 




200,000 


304,013 


86,963 


217,050 


46,310 


Columbia, .... 




400,000 


541,995 


104,064 


437,931 


21,531 


Commerce, 




200,000 


510,907 


167,767 


343,140 


83,578 


Commercial Union Fire, . 




200,000 


554,784 


233,121 


321,663 


72,833 


Commonwealth, 




500,000 


1,549,482 


438,056 


1,111,426 


126,110 


Concordia Fire, 




200,000 


1,104,461 


730,893 


373,568 


339,244 


Connecticut, 




1,000,000 


5,751,549 


3,109,408 


2,642,141 


1,191,070 


Continental, 




1,000,000 


17,849,444 


6,806,861 


11,042,583 


2,217,974 


County Fire, 




400,000 


1,024,296 


409,859 


614,437 


107,720 


Delaware 




702,875 


1,828,915 


953,526 


875,389 


399,602 


Detroit Fire and Marine, . 




500,000 


1,642,144 


382, 17S 


1,259,966 


160,255 


Dutchess, .... 




200,000 


905,261 


537,934 


367,327 


224,684 


Eagle Fire, 




300,000 


1,025,556 


366,799 


658,757 


195,508 


Eastern, .... 




200,000 


456,184 


142,279 • 


313,905 


64,907 


Emph-e City Fire, 




200,000 


454,049 


186,229 


267,820 


108,930 


Enterprise Mutual Fire, . 




- 


331,270 


138,397 


192,873 


14,478 


Equitable Fii'e and Marine, 




400,000 


1,298,237 


694,585 


603,652 


311,264 


Farmers' Fire, . 




- 


922,141 


505,003 


417,138 


202,896 


Federal, .... 




500,000 


2,197,420 


892,307 


1,305,113 


375,856 


Fire Association, 




500,000 


6,868,396 


4,974,009 


1,894,387 


1,434,328 


Fireman's Fund, 




1,000,000 


6,97^,258 


3,521,797 


3,456,461 


1,324,866 


Firemen's (Newark), 




1,000,000 


3,883,606 


996,333 


2,887,273 


383,231 


Firemen's Mutual, . 




- 


1,370,753 


464,487 


906,266 


47,881 


Franklin Fire, . 




400,000 


3,006,383 


1,647,254 


1,359,129 


317,656 


Georgia Home, . 




300,000 


918,183 


485,873 


432,310 


205,101 


German (Freeport), . 




200,000 


6,201,124 


4,045,507 


2,155,617 


1,370,037 


German Alliance, 




400,000 


1,423,401 


419,406 


1,003,995 


151,781 


German American, . 




1,500,000 


15,066,381 


6,127,994 


8,938,387 


1,968,164 


German American Fire, . 




200,000 


439,550 


145,250 


294,300 


53,247 


German Fire (Peoria), 




200,000 


880,208 


551,745 


328,463 


223,093 


German Fire (Pittsburgh), 




200,000 


800,634 


523,035 


277,599 


258,145 


Germania Fire, . 




1,000,000 


6,762,717 


2,949,844 


3,812,S73 


944,691 


Girard Fire and Marine, . 




300,000 


2,279,494 


1,298,568 


980,926 


320,965 


Glens Falls, 




200,000 


4,489,377 


1,706,664 


2,782,713 


590,294 


Granite State Fire, . 




200,000 


790,052 


378,912 


411,140 


155,892 


Hanover Fire, . 




1,000,000 


4,266,001 


2,419,262 


. 1,84(5,739 


1,045,562 


Hartford Fire, . 




1,250,000 


16,610,907 


10,844,711 


5,766,196 


4,462,211 


Home, .... 




3,000,000 


20,583,847 


9,518,552 


11,065,295 


2,959,219 


Home Fire and Marine, . 




300,000 


1,751,380 


977,147 


774,233 


442,552 


Hope Mutual Fire, . 




- 


360,(525 


168,450 


192,175 


22,799 


Indemnity Fire, 




200,000 


514,933 


220,438 


294,495 


99,550 


Indianapolis Fire, .... 


•200,000 


559,346 


279,435 


279,911 


144,670 



INSURANCE COMMISSIONER. 



XXX111 



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











Surplus to 




NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Policy 

Holders 

Dec. 31, 

1905. 


Expenses. 


Insurance Co. of North America, . 


$3,000,000 


$12,737,731 


$6,467,445 


$6,270,286 


$2,413,341 


Ins. Co. State of Pennsylvania, 


200,000 


616,573 


339,569 


277,004 


132,945 


Lumber, 


200,000 


403,049 


91,481 


311,568 


46,129 


Lumbermen's Mutual, 




- 


238,671 


92,922 


145,749 


37,852 


Manufacturers' Mutual Fire, 




- 


758,074 


266,297 


491,777 


29,871 


Mechanics', 




250,000 


1,091,660 


606,758 


484,902 


143,530 


Mechanics' Mutual Fire, . 




- 


463,340 


180,921 


282,419 


20,457 


Mechanics' and Traders', 




300,000 


707,831 


237,314 


470,517 


114,548 


Mercantile Mutual Fire, . 




- 


236,984 


114,579 


122,405 


27,482 


Merchants' Mutual Fire, . 




- 


447,754 


162,896 


284,858 


18,740 


Michigan Commercial, 




200,000 


453,856 


205,230 


248,626 


100,805 


Middlesex Mutual Assurance, 




- 


945,091 


205,446 


739,645 


49,874 


Milwaukee Fire, 




200,000 


683,461 


340,863 


342,598 


141,624 


Milwaukee Mechanics', • 




200,000 


3,207,203 


1,645,039 


1,562,164 


623,802 


Nassau Fire, 




200,000 


835,408 


415,430 


419,978 


197,265 


National Fire, . 




1,000,000 


7,344,591 


4,064,504 


3,280,087 


1,620,763 


National Union Fire, 




750,000 


2,089,539 


1,038,670 


1,050,869 


477,651 


Newark Fire, 




250,000 


767,178 


236,423 


530,755 


109,245 


New Brunswick Fire, 




200,000 


304,023 


53,780 


250,243 


27,958 


New Hampshire Fire, 




1,000,000 


4,225,914 


1,819,436 


2,406,478 


650,790 


New York Fire, 




200,000 


601,108 


348,591 


252,517 


195,602 


Niagara Fire, 




500,000 


4,799,955 


2,425,419 


2,374,536 


1,042,183 


North British and Mercantile, 




200,000 


856,238 


146,404 


709,834 


53,965 


Northern, .... 




350,000 


801,238 


365,943 


435,295 


182,048 


North German Fire, . 




200,000 


587,582 


315,688 


271,894 


118,230 


North River, 




350,000 


1,783,513 


1,034,528 


748,985 


577,008 


Northwestern National, . 




600,000 


4,117,433 


2,340,694 


1,776,739 


721,721 


Orient, .... 




500,000 


2,376,074 


1,096,357 


1,279,717 


397,396. 


Pawtucket Mutual Fire, . 




- 


448,789 


197,875 


250,914 


30,457 


Pelican Assurance, . 




200,000 


514,083 


214,799 


299,284 


89,288- 


Pennsylvania Fire, . 




400,000 


6,922,131 


3,629,963 


3,292,168 


1,037,855 


Phenix (New York), 




1,000,000 


9,033,733 


5,763,102 


3,270,631 


2,281,239 


Philadelphia Mfrs.' Mutual, 




- 


355,926 


151,934 


203,992 


26,165. 


Phoenix (Conn.), 




2,000,000 


7,693,937 


3,630,619 


4,063,318 


1,576,932: 


Providence Mutual Fire, . 




- 


622,587 


169,170 


453,417 


26,022: 


Providence Washington, . 




500,000 


3,170,522 


1,928,463 


1,242,059 


825,804 


Queen, .... 




1,000,000 


7,042,371 


3,106,960 


3,935,411 


1,168,936 


Reliance, .... 




300,000 


1,207,331 


734,137 


473,194 


267,040 


Rhode Island Mutual Fire, 




- 


992,272 


354,481 


637,791 


39,638 


Rochester German, . 




200,000 


1,675,826 


983,717 


692,109 


445,184 


Security (Conn.), 




500,000 


1,878,531 


982,883 


895,648 


404,643 


Security Fire (Md.), 




200,000 


500,748 


275,005 


225,743 


192,269 


Spring Garden, . 




400,000 


2,003,230 


1,353,487 


649,743 


438,552 


Star Fire 




200,000 


301,123 


99,355 


201,768 


127,2S0 


State Mutual Fire, 




- 


1,275,537 


541,862 


733,675 


60,619 


St. Paul Fire and Marine, 




500,000 


4,542,561 


2,750,980 


1,791,581 


1,198,794 


Teutonia, .... 




250,000 


894,700 


531,525 


363,175 


237,609 


Traders', .... 




500,000 


3,348,309 


1,399,321 


1,948,988 


601,553 


Union, .... 




200,000 


714,070 


367,320 


346,750 


178,144 


Union Mutual Fire, . 




- 


376,731 


107,412 


269,319 


8,081 


United Firemen's, 




300,000 


1,881,570 


1,365,951 


515,619 


211,244 


United States Fire, . 




250,000 


812,091 


511,475 


300,616 


2H8.612 


United States Lloyds, 




- 


1,174,250 


754,516 


419,734 


288,294 


Westchester Fire, 




300,000 


3,994,712 


2,049,239 


1,945,473 


s-;s,453 


Western, .... 




300,000 


645,690 


308,291 


■ 337,399 


138,408 


What Cheer Mutual Fire, 




- 


379,776 


181,860 


197,916 


25,350 


Williamsburgh City Fire, 




250,000 


2,857,679 


1,109,696 


1,747,983 


500,838 


Totals, .... 


• 


#51,202,875 


$330,234,358 


$163,626,691 


$lG(i,()07,667 


$56,589,627 



XXXIV 



HE PORT OF THE 



Table IX. — Insurance Companies of Other States. 

Fire Business. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1905. 


Premiums. 


Losses 
Paid. 


JStna, 


$6,792,825 


$5,777,899 


$734,867,687 


$5,746,150 


$2,733,621 


Agricultural, .... 


1,502,452 


1,217,300 


258,329,800 


1,344,829 


604,041 


Albany, 


'257,086 


208,552 


31,804,493 


222,205 


103,110 


Alliance, 


485,654 


236,945 


27,925,658 


353,734 


67,535 


American, 


2,688,908 


1,898,379 


447,422,460 


2,288,968 


952,988 


American Central, 


2,203,204 


1,903,124 


261,557,489 


2,022,028 


990,103 


American Fire, .... 


1,885,767 


1,736,829 


251,6S9,668 


1,737,799 


939,856 


American Lloyds, 


307,737 


251,896 


32,211,364 


273,646 


56,199 


American Mutual Fire, 


287,925 


246,479 


32,417,976 


271,104 


14,282 


Assurance Co. of America, 


477,098 


412,521 


52,284,069 


446,260 


240,785 


Atlantic Mutual, .... 


3,355,844 


3,313,547 


_ 


_ 


_ 


Blackstone Mutual Fire, 


661,387 


601,277 


77,291,647 


627,604 


24,996 


British American, 


445,246 


361,884 


43,771,970 


431,517 


211,168 


Buffalo Commercial, . . • 


304,253 


247,732 


34,390,108 


286,486 


125,905 


Buffalo German, .... 


664,926 


566,690 


92,454,256 


540,274 


225,967 


Caledonian-American, 


28,062 


22,202 


2.040,249 


18,362 


6,610 


Calumet 


279,614 


170,265 


19,357,995 


272,789 


34,485 


Camden Fire, . . 


933,720 


692,020 


93,513,182 


873,776 


347,174 


Capital Fire 


363,041 


284,339 


44,289,171 


338,908 


151,804 


Central Mi'rs,' Mutual, 


299,004 


230,225 


15,143,228 


292,757 


115,345 


Citizens' (St. Louis), . 


530,589 


440,448 


50,650,120 


481,266 


253, ISO 


City of New York, 


494,724 


88,426 


17,393,384 


184,533 


15,550 


Colonial Assurance, . 


559,938 


467,392 


40,679,345 


542,129 


257,096 


Colonial Fire, .... 


132,145 


131,151 


12,251,670 


117,843 


72,870 


Columbia 


125,853 


89,234 


- 


- 


- 


Commerce, 


236,817 


207,262 


27,060,673 


213,452 


102,385 


Commercial Union Fire, 


262,585 


195,003 


27,662,926 


251,023 


112,169 


Commonwealth, .... 


460,393 


330,973 


46,430,369 


376,068 


148,836 


Concordia Fire, .... 


798,465 


713,630 


114,553,280 


755,268 


360,846 


Connecticut 


3,378,777 


2,S61,020 


450,004,147 


3, 147,060 


1,530,258 


Continental, 


7,375,924 


5,502,239 


1,108,150,990 


5,993,170 


2,663,444 


County Fire, .... 


303,137 


250,662 


38,938,552 


254,381 


103,391 


Delaware, 


1,007,371 


888,123 


130,41S,452 


930,874 


433, 124 


Detroit Fire and Marine, . 


519,382 


449,707 


51,990,712 


388,762 


162,634 


Dutchess, 


668,1S1 


5S3,754 


75,941,380 


620,825 


338,646 


Eagle Fire, 


694,331 


252,194 


37,735,489 


499,617 


53,359 


Eastern, 


202,952 


160,925 


13,906,427 


186,643 


78,018 


Empire City Fire, 


339,841 


239,052 


24,233,627 


329,687 


130,121 


Enterprise Mutual Fire, 


287,672 


246,427 


32,491,058 


271,589 


14,292 


Equitable Fire and Marine, 


874,948 


822,000 


94,382,825 


804,579 


444,927 


Farmers' Fire, .... 


544,037 


472,299 


71,071,768 


509,998 


268,074 


Federal 


1,206,957 


1,051,984 


33,338,407 


355,420 


148,874 


Fire Association, . 


4,096,730 


3,645.225 


550,554,763 


3,762,406 


1,914,580 


Fireman's Fund, .... 


4,191,097 


3,583,224 


415,296,429 


3,202,772 


1,622,158 


Firemen's (Newark), . 


1,186,966 


981,961 


180,915,678 


1,015,609 


448,547 


Firemen's Mutual, 


959,633 


911,260 


111,072,595 


901,376 


35,375 


Franklin Fire, .... 


893,245 


851,724 


163,262,033 


770,927 


399,974 


Georgia Home, .... 


522,919 


531,685 


47,875,832 


476,091 


225,925 


German (Freeport), 


3,878,995 


3,206,688 


564,215,849 


3,617,035 


1,784,821 


German Alliance, 


572,023 


460,853 


65,447,803 


493,097 


269,072 


German American, 


6,399,824 


5,140,675 


1,008,847,597 


5,675,770 


2,673,239 


German American Fire, 


166,543 


114,869 


25,901,819 


144,114 


44,353 


German Fire (Peoria), 


660,601 


478,552 


72,528,063 


610,288 


237,091 


German Fire (Pittsburgh), 


604,506 


543,463 


72,229,841 


568,638 


259,028 


Germania Fire, .... 


2,820,734 


2,363,809 


548,438,403 


- 2,568,528 


1,190,651 


Girard Fire and Marine, 


832,342 


694,322 


158,788,886 


700,172 


262,941 


Glens Falls, 


1,628,505 


1,2S6,522 


257,139,697 


1,433,779 


624,839 


Granite State Fire, 


486,446 


428,157 


53,521,345 


465,569 


217,699 


Hanover Fire, .... 


2,905,146 


2,596,303 


432,235,238 


2,645,149 


1,439,686 


Hartford Fire, .... 


13,622,471 


11,379,775 


1,546,194,082 


13,072,830 


6,193,626 



INSURANCE COMMISSIONER. 



XXXV 



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



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1905. 


Premiums. 


Losses 
Paid. 


Home 


$9,536,749 


$7,872,970 


$1,362,145,865 


$8,415,824 


$4,100,089 


Home Fire and Marine, 


1,227,027 


1,066,844 


122,788,661 


1,124,339 


530,482 


Hope Mutual Fire, 


330,509 


285,896 


34,625,956 


314,226 


8,272 


Indemnity Fire, .... 


301,219 


242,163 


29,813,314 


287,007 


142,613 


Indianapolis Fire, 


368,855 


321,511 


31,835,988 


348,438 


164,124 


Insurance Co. of North America, 


7,682,108 


6,693,237 


736,686,643 


5,301,568 


2,613,278 


Ins. Co. State of Pennsylvania, . 


260,322 


245,761 


25,134,771 


225,363 


90,600 


Lumber, 


133,678 


96,301 


8,712,010 


121,296 


50,172 


Lumbermen's Mutual, 


185,241 


145,013 


6,627,137 


179,632 


58,308 


Manufacturers' Mutual Fire, 


551,686 


482,563 


63,135,996 


512,712 


19,805 


Mechanics' 


399,677 


348,677 


58,204,419 


326,951 


172,111 


Mechanics' Mutual Fire, 


365,946 


321,262 


42,722,670 


348,251 


12,269 


Mechanics' and Traders', . 


380,529 


282,803 


34,044,838 


338,259 


166,055 


Mercantile Mutual Fire, 


226,680 


207,324 


23,411,782 


217,166 


9,609 


Merchants' Mutual Fire, 


335,620 


296,845 


38,537,267 


316,788 


10,454 


Michigan Commercial, 


328,097 


186,673 


26,065,834 


309,673 


67,451 


Middlesex Mutual Assurance, . 


159,024 


142,098 


48,247,880 


118,753 


84,724 


Milwaukee Fire, .... 


367,781 


289,294 


47,120,507 


337,880 


136,142 


Milwaukee Mechanics', 


1,658,317 


1,324,986 


227,690,896 


1,519,210 


592,776 


Nassau Fire, 


587,035 


481,476 


56,408,524 


561,879 


229,384 


National Fire 


4,695,119 


3,902,182 


609,200,071 


4,396,220 


2,040,621 


National Union Fire, . 


1,255,854 


978,801 


138,252,879 


1,174,761 


490,347 


Newark Fire, .... 


293,740 


231,493 


38,720,063 


264,615 


93,674 


New Brunswick Fire, . 


105,517 


103,604 


6,302,486 


64,638 


35,839 


New Hampshire Fire, . 


1,888,835 


1,655,249 


243,871,391 


1,739,745 


873,472 


New York Fire, .... 


513,706 


460,930 


46,839,022 


499,126 


231,657 


Niagara Fire, .... 


2,909,213 


2,452,052 


388,406,116 


2,709,979 


1,297,332 


North British and Mercantile, . 


194,285 


118,321 


36,057,286 


163,269 


44,356 


Northern 


487,902 


394,763 


54,551,644 


444,776 


193,262 


North German Fire, 


466,760 


369,792 


34,964,770 


454,363 


239,561 


North River, 


1,491,693 


1,148,727 


137,577,965 


1,412,581 


522,943 


Northwestern National, 


1,742,297 


1,373,956 


371,603,041 


1,563,222 


544,576 


Orient, 


1,195,014 


1,034,322 


165,478,960 


1,123,721 


534,776 


Pawtucket Mutual Fire, 


119,516 


114,668 


26,242,963 


103,640 


50,746 


Pelican Assurance, 


300,073 


268,598 


35,310,524 


286,294 


179,309 


Pennsylvania Fire, 


3,253,197 


2,642,727 


521,733,611 


2,957,451 


1,445,466 


Phenix (New York), . 


6,314,138 


5,414,973 


869,129,272 


5,998,425 


2,954,239 


Philadelphia Mfrs.' Mutual, 


324,062 


268,204 


30,258,616 


298,224 


8,728 


Phoenix (Conn.), .... 


4,436,906 


3,695,189 


598,317,425 


4,153,797 


1,843,336 


Providence Mutual Fire, 


110,222 


85,988 


29,891,421 


85,618 


33,621 


Providence Washington, 


2,559,876 


2,251,056 


263,110,119 


2,105,650 


1,047,089 


Queen, 


3,672,429 


3,044,141 


434,574,529 


3,439.221 


1,728,907 


Reliance, 


689,959 


595,008 


89,780,729 


638^974 


297,196 


Rhode Island Mutual Fire, . 


727,530 


648,320 


84,250,140 


684,480 


27,062 


Rochester German, 


1,173,178 


1,017,439 


138,473,416 


1,119,045 


530,909 


Security (Conn.), .... 


1,066,939 


897,365 


156,313,764 


976,754 


439,840 


Security Fire (Md ) , . 


488,654 


392,257 


36,460,185 


475,777 


198,397 


Spring Garden, .... 


1,328,301 


949,388 


160,195,502 


1,242,516 


457,736 


Star Fire, 


289,121 


297,868 


8,706,360 


281,205 


170,587 


State Mutual Fire, 


1,110,959 


1,004,021 


127,689,910 


1,049,393 


34,317 


St. Paul Fire and Marine, . 


3,861,758 


3,304,772 


327,587,367 


3,202,099 


1,646,179 


Teutonia, 


723,954 


636,052 


51,952,111 


664,406 


360,950 


Traders' 


1,810,825 


1,448,994 


194,441,870 


1,585,495 


773,253 


Union, 


438,534 


351,300 


50,796,866 


417,306 


168,045 


Union Mutual Fire, 


52,824 


50,278 


18,928,549 


36,137 


17,719 


United Firemen's, 


653,101 


508,424 


119,577,108 


528,855 


231,118 


United States Fire, 


710,977 


628,582 


70,653,653 


685,928 


357,238 


United States Lloyds, . 


1,004,518 


944,864 


- 


- 


- 


Westchester Fire,* 


2,370,764 


1,890,474 


341,722,830 


2,092,820 


958,433 


Western, 


368,559 


337,866 


44,768,467 


337,410 


180,070 



XXXVI 



REPORT OF THE 



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

Fire Business — Concluded. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1905. 


Premiums. 


Losses 
Paid. 


What Cheer Mutual Fire, . 
Williamsburgh City Fire, . 


$365,059 
1,437,544 


$319,139 
1,145,082 


$38,336,313 
193,016,242 


$348,323 
1,183,501 


$9,527 
538,100 


Totals 


$176,047,013 


$146,734,003 


$21,684,520,538 


$151,942,508 


$68,570,924 



Marine Business. 



NAME OF COMPANY. 



Amount at 

Risk 

Dec. 31, 1905. 



Premiums. 



Losses Paid. 



^Etna 

Alliance, 

Atlantic Mutual, 
Citizens' (St. Louis), . 
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', . 
New York Fire, .... 

Northwestern National, 

Orient, 

Providence Washington, . 

Security (Conn.), 

St. Paul Fire and Marine, . 

Teutonia, 

United States Lloyds, 

Totals 



$15,819,008 

1,037,802 

127,661,651 



10,366,943 

984,961 

225,521 

33,523,682 

16,317,727 

12,149,206 

518,653 

73,621,795 



1,232,057 

6,142,222 

228,637 

3,259,084 



16,120,621 



$371,639 

84,246 

2,746,974 

89 



106,458 
55,193 
20,476 

786,054 

718,708 

267,446 

34,884 

1,865,013 

4,724 



21,959 

350,766 

18,455 

400,406 

20,342 
849,118 



$215,071 

30,306 

914,482 

2,115 

66,722 

69,987 

20,060 

470,930 

491,707 

140,161 

24,846 

1,214,029 

948 

1,411 

15,336 

145 

249,761 

16,469 
333,767 

6,913 
606,570 



$319,209,570 



$8,722,950 



$4,S91,736 



INSURANCE COMMISSIONER. 



XXXV11 



Table X. — United States Branches, Foreign Companies. 



NAME OF COMPANY. 


Location. 


Amount at 

Risk 

Dec. 31, 1905. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1905. 


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


Aix-la-Chapelle, . 
London, 
London, 
Toronto, 
Liverpool, . 


$117,345,128 

50,614,785 

166,216,162 

145,470,183 

10,714,016 


$1,338,185 

872,402 
1,628,582 
1,432,717 
1,259,095 


$844,496 

378,573 

1,137,912 

1,088,072 

676,623 


$493,689 
493,829 
490,670 
344,645 
582,472 


Caledonian, .... 
Cologne Reinsurance, . 
Commercial Union Assur., . 
Hamburg-Bremen Fire, 
Law, Union and Crown, 


Edinburgh, . 
Cologne, 
London, 
Hamburg, . 
London, 


187,037,036 

91,810,728 

571,559,665 

227,301,871 

43,26S,060 


1,753,293 

841,022 

4,885,134 

1,952,266 

741,768 


1,243,956 

496,390 

3,500,748 

1,546,253 

291,332 


509,337 
344,632 
1,384,386 
406,013 
450,436 


Liverp. and Lond. and Globe, 
London Assurance (Fire), . 
London Assurance (Marine), 
London and Lancashire Fire, 
Mannheim, . . . . 


Liverpool, . 
London, 
London, 
Liverpool, . 
Mannheim, . 


1,017,658,262 

224,495,486 

9,741,841 

365,305,815 

19,886,872 


11,506,010 
2,280,083 

596,382 
2,776,985 

518,319 


6,992,635 
1,441.311 

216,259 
2,092,646 

218,290 


4,513,375 

838,772 
380,123 
684,339 
300,029 


Marine, 

Moscow Fire, .... 
Munich Reinsurance, . 
North British and Mercantile, 
Northern Assurance, . 


London, 
Moscow, 
Munich, 
London, 
London, 


31,724,831 

92,892,204 

317,316,401 

611,239,933 

383,620,432 


774,109 
1,277,226 
3,467,886 
6,469,304 
3,560,773 


214,021 

621,426 

2,807,874 

3,633,024 

2,446,524 


560,088 

655,800 

660,012 

2,836,280 

1,114,249 


Norwich Union Fire, . 
Palatine, .... 
Phoenix Assurance, 
Prussian National, 
Rossia, 


Norwich, 

London, 

London, 

Stettin, 

St. Petersburg, . 


300,097,461 
171,170,057 
324,008,718 
101,165,506 
160,341,309 


2,708,658 
2,218,385 
3,109,621 
1,270,189 
1,837,133 


- 1,868,308 

1,286,605 

2,072,694 

758,055 

1,216,128 


840,350 
931,780 
1,036,927 
512,134 
621,005 


Royal, 

Royal Exchange Assurance, 
Salamandra, . . ' 
Scottish Union and National, 
Skandia 


Liverpool, . 

London, 

St. Petersburg, . 

Edinburgh, 

Stockholm, . 


880,563,824 
179,099,257 
129,448,062 
289,647,361 

89,190,202 


8,446,668 
2,045,202 
1,242,971 
4,840,201 
920,416 


5,468,378 
1,266,187 

958,222 
1,810,149 

640,905 


2,978,290 
779,015 
284,749 

3,030,052 
279,511 


State Fire, .... 

Sun, 

Svea Fire and Life, 
Thames and Mersey Marine, 
Union Assurance, . 


Liverpool, . 
London, 
Gothenburg, 
Liverpool, . 
London, 


15,242,906 
378,436,606 

58,906,756 

7,468,901 

138,620,679 


386,881 

2,976,216 

883,967 

649,827 

1,620,770 


114,759 
2,257,362 
534,250 
243,489 
868,720 


272,122 

718,854 
349,717 
406,338 
752,050 


Union Marine, 
Western Assurance, 


Liverpool, . 
Toronto, 


8,365,037 
262,485,353 


598,275 
2,270,635 


215,919 
1,724,561 


382,356 
546,074 


Totals, .... 


$8,179,477,706 


$87,957,556 


$55,193,056 


$32,764,500 



XXXV111 



REPORT OF THE 



Table XI. — United States Brandies, Foreign Companies 




NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Expenses. 


Premiums. 


Losses 
Paid. 


Aachen and Munich Fire, . 
Alliance Assurance, .... 

Atlas Assurance, 

British America Assurance, 
British and Foreign Marine, 


$1,025,340 

482,430 

1,485,431 

1,494,835 

1,243,356 


$830,066 
511,487 
1,314,337 
1,374,595 
1,226,999 


$382,812 
154,859 
580,298 
503,041 
198,562 


$971,420 

430,025 

1,429,969 

1,459,071 

725,406 


$435,801 
207,368 
661,182 
848,926 
387,721 


Caledonian 

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


1,463,412 

715,765 

3,518,089 

1,995,730 

373,339 


1,383,968 

661,662 

3,803,159 

1,917,686 

368,309 


534,445 
218,575 
1,104,604 
698,181 
126,624 


1,378,671 

581,784 

3,311,729 

1,801,399 

343,549 


648,107 

326,256 

1,952,818 

1,068,771 

169,412 


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


7,339,338 
1,654,908 

381,622 
2,198,618 

781,750 


7,137,022 
1,569,876 

364,868 
1,999,920 

703,842 


2,198,706 
588,884 
106,253 
744,685 

205,884 


6,803,157 
1,579,640 

363,640 
2,089,178 

572,321 


3,519,143 
687,504 
210,890 
933,843 
277,964 


Marine, 

Moscow Fire, 

Munich Reinsurance, .... 
North British and Mercantile, 
Northern Assurance 


718,261 

925,655 

3,587,586 

4,131,416 

2,563,240 


762,661 

724,130 

3,186,310 

4,063,571 

2,742,779 


159,291 

256,846 

1,018,117 

1,346,711 

995,374 


696,123 

888,271 

3,413,629 

3,918,493 

2,437,447 


303,096 

467,284 

2,049,053 

1,889,488 
1,165,981 


Norwich Union Fire, .... 

Palatine, 

Phoenix Assurance, .... 
Prussian National, .... 
Rossia 


2,192,272 
1,472,018 
2,698,170 
848,056 
2,180,991 


2,180,507 
1,229,053 
2,417,469 
695,647 
1,304,572 


774,685 
510,835 
868,824 
302,405 
619,303 


2,103,948 
1,415,367 
2,445,992 
810,694 
2,122,643 


1,131,066 
664,574 

1,380,955 
389,527 
685,270 


Royal 

Royal Exchange Assurance, 

Salamandra, 

Scottish Union and National, 
Skandia 


6,819,003 
1,482,995 
1,314,419 
2,095,310 
862,153 


6,794,565 
1,606,407 
1,242,152 
1,691,448 
921,590 


1,832,584 
705,176 
399,636 
676,103 
264,257 


5,279,717 
1,148,830 
1,272,907 
1,886,356 
825,855 


2,570,760 
813,587 
682,386 
972,066 
451,271 


State Fire, 

Sun, 

Svea Fire and Life 

Thames and Mersey Marine, 

Union Assurance, 


207,759 

2,528,561 

694,040 

798,306 

1,127,642 


144,317 

2,546,809 
597,278 
679,727 

1,135,379 


57,265 
897,215 
257,446 
139,470 
408,713 


157,750 

2,396,977 

670,007 

544,528 

1,040,142 


87,052 

1,132,126 

317,808 

331,950 

515,749 


Union Marine, 

Western Assurance, .... 


478,176 
2,533,976 


441,864 
2,497,954 


73,491 
839,932 


393,766 
2,462,525 


368,372 
1,543,464 


Totals, 


$68,413,968 


$64,773,985 


$21,750,092 


$62,172,926 


$32,248,591 



INSURANCE COMMISSIONER. 



XXXIX 



Table XII. — Massachusetts Business for 1905, 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 
"Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Abington 

Annisquam 

Arkwright, 

Attleborough, 

Barnstable County, 


$2,349,247 
65,750 

69,456,213 
1,307,161 
2,497,193 


$35,922 

494,396 
16,367 
44,786 


$11,443 

40 

22,550 

15,916 

15,992 


$12,920 

40 

21,485 

15,786 

10,951 


Berkshire, 

Boston Manufacturers' 

Bristol County, 

Cambridge, 

Citizens', . . . 


3,529,642 

81,810,106 

328,800 

4,277,898 

5,328,451 


46,403 

579,407 

2,128 

56,054 

76,113 


22,184 

25,226 

1,173 

42,191 
26,547 


20,771 
27,476 
1,173 
39,109 
25,919 


Cotton and Woolen 

Dedham, 

Dorchester, 

Fall River Manufacturers' 

Fitchburg, 


6,253,397 

2,254,104 

14,796,872 

24,233,323 

4,695,810 


56,366 

33,342 

248,513 

173,677 

71,892 


869 

10,624 

121,571 

6,424 

27,619 


764 

10,624 

119,271 

7,102 

32,170 


Groveland, 

Hampshire, 

Hingham, 

Holyoke 

Industrial, 


424,609 
1,039,874 
5,753,995 
8,556,345 
3,517,860 


16,675 

89,554 

123,135 

28,742 


1,877 

7,054 

45,860 

34,459 

600 


1,877 

6,054 

42,758 

33,785 

640 


Lowell, 

Lumber, 

Lynn 

Merchants' and Farmers' 

Merrimack, 


3,520,878 

1,735,757 

522,040 

4,565,437 

7,590,428 


58,118 

37,473 

6,610 

68,838 
98,394 


19,147 
14,534 
891 
30,299 
43,965 


19,396 
14,126 
891 
30,478 
46,012 


Middlesex, 

Mutual Fire Assurance, .... 

Mutual Protection, 

Newburyport, 

Norfolk, 


10,585,437 

6,299,175 

2,127,070 

298,800 

5,525,617 


154,888 
103,663 

33,350 
4,539 

77,429 


62,157 

2,576 

15,643 

206 
29,030 


62,710 

2,576 

15,735 

213 

29,020 


Paper Mill 

Quincy, 

Rubber Manufacturers' 

Salem 

Salisbury and Amesbury, .... 


7,012,150 
7,339,274 
5,680,716 
2,633,659 
931,910 


51,265 
111,784 

47,291 

43,307 

8,405 


1,928 

46,118 

808 

28,176 

6,852 


1,928 

46,118 

712 

28,193 

6,852 


Saugus, 

South Danvers, 

Traders' and Mechanics' 

West Newbury 

Whiting 


869,500 
200,325 
8,642,987 
182,632 
448,823 


3,791 
133,204 

3,990 


1,307 

681 

46,361 

1,374 

85 


1,307 

681 

46,361 

1,874 

75 


Worcester Manufacturers' 

Worcester Mutual 


28,518,866 
9,407,443 


208,067 
129,277 


10,246 
42,744 


11,502 
43,190 


Totals, 


$357,115,574 


$3,577,155 


$845,347 


$840,625 



xl 



REPORT OF THE 



Table XII. — Massachusetts Business for 1905 — Continued. 

Massachusetts Mutual Fire-Marine Companies. 

Fire Busi?iess. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 




$1,815,684 


$23,695 


$16,733 


$17,2S5 



Marine Business. 



China, 



$9,361,137 



$146,005 



$159,119 



$110,363 



Massachusetts Stock Companies. 
Fire Business. 



American, 

Boston, 

Mercantile Fire and Marine, 
Springfield Fire and Marine, 


$4,854,398 

15,291,332 

5,195,347 

20,608,108 


$43,420 

175,596 

58,647 

211,320 


$23,380 
88,363 
29,382 

100,815 


$21,610 
90,540 
26,857 

100,333 




$45,949,185 


$488,983 


$241,940 


$239,340 



Marine Business. 



Boston, 



$53,037,540 



$512,192 



$335,501 



$300,579 



Companies of Other States. 
Fire Business. 



yEtna, 


$32,442,880 


$318,662 


$172,408 


$177,045 


Agricultural, .... 






9,616,304 


82,986 


32,511 


34.665 


Albany, 






2,974,292 


36,360 


21,529 


22,208 


Alliance, 






3,330,207 


34,219 


4,645 


7.727 


American, 






6,223,461 


69,505 


24,630 


21,763 


American Central, 






12,302,173 


135,147 


72,640 


68,175 


American Fire, .... 






8,358,047 


78,769 


42,336 


48,557 


American Lloyds, 






3,018,863 


22,140 


3,908 


3,932 


American Mutual Fire, 






6,301,042 


47,305 


592 


681 


Assurance Co. of America, . 






3,228,371 


26,803 


18,327 


15,113 


Blackstone Mutual Fire, 






20,868,733 


155,792 


6,504 


7,162 


British American, 






1,648,743 


18,781 


13,076 


8,705 


Buffalo Commercial, . 






1,174,372 


10,409 


9,628 


8,005 


Buffalo German, .... 






2,919,803 


23,499 


15,384 


13,980 


Caledonian-American,. 






806,295 


9,597 


4,745 


4,745 


Calumet, 






976,373 


11,146 


2,888 


2,888 


Camden Fire, .... 






4,568,234 


53,979 


28,554 


26,299 


Capital Fire 






3,220,303 


33,S98 


18,030 


17,220 


Central Manufacturers' Mutual, 






1,125,998 


17,526 


11,715 


11,308 


Citizens' (St. Louis) 


4,679,319 


59,334 


45,312 


38,493 



INSURANCE COMMISSIONER. 



Xli 



Table XII. — Massachusetts Business for 1905 — Continued. 

Companies of Other States — Continued. 

Fire Business — Continued. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


City of New York 


$1,928,734 


$22,278 


$3,757 


$3,919 


Colonial Assurance, 


2,870,887 


33,144 


20,969 


20,142 


Colonial Fire 


1,305,285 


17,480 


17,561 


14,943 


Commerce 


1,383,736 


14,232 


10,192 


9,419 


Commercial Union Fire, .... 


2,248,427 


24,277 


15,408 


14,548 


Commonwealth, 


5,247,133 


40,690 


18,916 


21,903 


Concordia Fire, 


2,310,208 


31,761 


22,222 


21,943 


Connecticut, 


13,919,800 


143,611 


75,269 


83,177 


Continental, 


18,372,427 


211,583 


131,026 


124,338 


County Fire, 


1,326,520 


12,374 


6,021 


5,316 


Delaware, 


4,391,723 


54,077 


39,190 


43,802 


Detroit Fire and Marine 


2,298,189 


21,613 


11,628 


13,309 


Dutchess 


3,642,859 


47,879 


34,433 


34,324 


Eagle Fire, 


2,125,032 


23,926 


2,409 


2,691 


Eastern, 


903,168 


12,618 


3,619 


3,738 


Empire City Fire, 


22,634 


22,634 


11,792 


12,249 


Enterprise Mutual Fire, .... 


6,299,593 


47,394 


592 


681 


Equitable Fire and Marine, 


6,857,075 


67,898 


38,567 


36,089 


Farmers' Fire, 


4,034,785 


45,965 


27,536 


23,253 


Federal, 


2,495,056 


18,109 


12,702 


13,060 


Fire Association, 


22,964,474 


192,019 


96,875 


89,284 


Fireman's Fund 


12,575,202 


134,074 


79,010 


71,356 


Firemen's (Newark), 


7,108,791 


71,466 


32,253 


32,171 


Firemen's Mutual, 


35,255,952 


264,409 


11,120 


11,194 


Franklin Fire, 


3,410,890 


34,764 


14,872 


14,792 


Georgia Home, 


555,170 


4,825 


636 


793 


German (Freeport) 


9,380,223 


86,247 


61,822 


61,172 


German Alliance, 


2,625,570 


26,752 


19,967 


16,835 


German American, 


23,285,466 


238,078 


138,498 


131,104 


German American Fire, .... 


811,182 


7,664 


2,590 


4,008 


German Fire (Peoria), .... 


936,808 


10,184 


5,783 


5,784 


German Fire (Pittsburgh), . 


5,180,183 


48,151 


39,202 


35,408 


Germania Fire, 


10,309,049 


99,090 


42,820 


43,128 


Girard Fire and Marine, .... 


3,479,287 


35,765 


8,057 


7,927 


Glens Falls, 


5,562,535 


41,948 


20,046 


19,959 


Granite State Fire, 


6,385,263 


65,996 


30,557 


30,871 


Hanover Fire 


9,818,143 


103,390 


64,419 


56,351 


Hartford Fire 


35,508,387 


341,125 


161,815 


162,470 


Home, 


55,218,717 


477,737 
53 $44 


414,181 


400,448 


Home Fire and Marine 


5,235,884 


26,318 


23,061 


Hope Mutual Fire, 


3,024,787 


25,416 


337 


239 


Indemnity Fire 


1,290,694 


13,170 


4,029 


4,790 


Indianapolis Fire, 


237,400 


3,073 


2,651 


1,022 


Insurance Company of North America, 


29,252,353 


296,507 


164,408 


156,702 


Insurance Co. State of Pennsylvania, 


1,073,450 


11,668 


6,736 


6,829 


Lumber, 


277,060 


3,879 


4,286 


4,286 


Lumbermen's Mutual, 


671,032 


21,532 


7,392 


7,392 


Manufacturers' Mutual Fire, 


15,616,266 


117,175 


5,502 


5,928 


Mechanics', 


893,624 


12,356 


9,093 


'.i,ii(i4 


Mechanics' Mutual Fire, .... 


9,277,313 


67,688 


2,832 


3,137 


Mechanics' and Traders' 


3,070,814 


26,440 


22,259 


18,641 


Mercantile Mutual Fire, .... 


1,384,151 


12 222 


236 


236 


Merchants' Mutual, 


8,977,394 


67)317 


1,376 


1,632 


Michigan Commercial, .... 


L,810,424 


11,728 


4,762 


4,763 


Middlesex Mutual, 


288,125 


3,590 


22,355 


23,755 



xlii 



REPORT OF THE 



Table XII. — Massachusetts Business for 1905 — Continued. 

Companies of Other States — Concluded. 

Fire Business — Concluded. 



NAME of company. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Milwaukee Fire 


$411,540 


$4,267 


$2,436 


82,867 


Milwaukee Mechanics', 






3,054,824 


31,761 


13,339 


13,247 


Nassau Fire 






4,399,139 


42,318 


16,807 


17,628 


National Fire, .... 






•21,8-21,049 


186,700 


124,242 


113,349 


National Union Fire, . 






5,514,2(57 


55,176 


36,277 


35,037 


Newark Fire, .... 






556,769 


5,443 


4,866 


4,450 


New Brunswick Fire, . 






2,302 


2,232 


2,377 


2,290 


New Hampshire Fire, . 






16,001,995 


160,208 


92,304 


87,655 


New York Fire, .... 






2,323,141 


16,444 


11,495 


13,360 


Niagara Fire, 






22,475,127 


253,557 


135,022 


135,187 


North British and Mercantile, 






3,500,060 


22,305 


2,330 


1,357 


Northern, 






3,461,122 


35,876 


15,773 


16,369 


North German Fire, 






1,300,679 


12,706 


5,570 


3,996 


North River, 






6,900,849 


78,987 


37,653 


40,051 


Northwestern National, 






3,693,960 


30,059 


15,501 


16,961 


Orient, . . . 






6,828,531 


45,405 


28,117 


26,860 


Pawtucket Mutual Fire, 






2,540,717 


39,268 


28,104 


29,143 


Pelican Assurance, 






1,258,557 


12,496 


6,221 


4,580 


Pennsylvania Fire, 






12,012,163 


144,653 


83,638 


76,839 


Phenix, 






19,312,451 


175,671 


106,712 


100,597 


Philadelphia Manufacturers' Mutual 


Fire 




2,387,036 


20,044 


252 


252 


Phoenix, 






21,949,891 


205,039 


111,541 


100,243 


Providence Mutual Fire, 






1,313,640 


14,694 


5,969 


5,969 


Providence Washington, 






13,516,838 


137,146 


82,848 


80,583 


Queen, 






14,265,507 


137,426 


67,261 


53,996 


Reliance, 






3,908,397 


35,975 


23,592 


22,239 


Rhode Island Mutual Fire, . 






22,175,281 


167,320 


9,153 


9,730 


Rochester German, 






5,565,937 


67,353 


36,461 


32,881 


Security, 






8,389,472 


65,222 


31,153 


31,863 


Security Fire, .... 






1,493,560 


12,940 


7,697 


8,697 


Spring Garden, . • 






7,840,574 


89,444 


36,471 


35,835 


Star Fire, 






432,570 


12,890 


10,538 


11,992 


State Mutual Fire, 






36,634,333 


277,527 


7,238 


9,000 


St. Paul Fire and Marine, . 






7,080,444 


64,249 


35,212 


33.385 


Teutonia 






4,193,111 


42,653 


25,978 


26,761 


Traders' 






8,052,323 


91,862 


42,875 


46,669 


Union, 






4,309,210 


40,908 


15,673 


16.872 


Union Mutual Fire, 






303,875 


3,338 


304 


309 


United Firemen's, 






5,987,6S3 


49,562 


23,775 


22,098 


United States Fire, 






2,004,541 


66,860 


31,704 


32,152 


Westchester Fire, .... 






8,16S,658 


85,975 


42,928 


38,627 


Western, 






2,594,183 


22,462 


19,706 


18,011 


What Cheer Mural Fire, 






3,854,124 


31,633 


472 


317 


Williamsburgh City Fire, . 






5,308,686 


56,158 


26,060 


29,489 


Totals, 






$875,618,263 


$8,343,601 


$4,045,911 


$3,917,786 



Marine Business. 



JEtna, 

Atlantic Mutual, . 
Columbia, . 
Equitable Fire and Marine, 
Fireman's Fund, . 



Home, 

Insurance Co. of North America, 
Providence- Washington, 
St. Paul Fire and Marine, . 
United States Lloyds, . 

Totals 



$7,939,380 

45,061,000 

833,595 

936,035 

1,180,745 

1,006,400 

89,849,308 

18,095,922 

5,384,129 

17,331,841 

8187,618,355 



$80,219 

244,234 

11,956 

17,770 

18,265 

18,876 
306,221 
62,337 
32,499 
50,228 

$824,605 



$35,420 

135,680 

27,648 

17,992 

25,498 

19,020 

252,423 

45,196 

34,265 

9,801 

$602,943 



$39,909 
135,680 

28,238 

8,809 

15,697 

17,617 
230,873 
31,257 
30,394 
62,316 

$600,790 



INSURANCE COMMISSIONER. 



xliii 



Table XII. — Massachusetts Business for 1905 — Continued. 

United States Branches, Foreign Companies. 

Fire Business. 



name of company. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Aachen and Munich Fire, .... 

Alliance Assurance, 

Atlas Assurance, 

British American Assurance, 
Caledonian, 


$3,963,562 
5,612,485 
6,027,782 
3,763,724 
8,627,735 


$49,345 
41,235 
64,356 
47,131 
99,476 


$23,659 
19,428 
24,826 
29,026 
53,055 


$23,891 
18,171 
23,527 
26,548 
43,682 


Cologne Reinsurance, 

Commercial Union Assurance, . 

Hamburg- Bremen Fire 

Law, Union and Crown, .... 
Liverpool and London and Globe, 


4,778,993 

15,134,707 

6,325,S49 

2,140,689 

31,697,756 


47,783 

162,324 

70,635 

11,172 

361,735 


36,912 

71,286 

38,946 

6,477 

200,209 


31,757 
70,226 
36,266 

5,228 
193,250 


London Assurance (Fire), .... 
London and Lancashire Fire, 

Moscow Fire, 

Munich Reinsurance, 

North British and Mercantile, 


8,829,383 
13,967,272 

3,705,133 
29,775,697 
20,967,394 


92,785 
100,297 

35,726 
281,493 
194,930 


49,155 
60,754 

22,568 

158,458 

83,943 


47,800 

61,977 

22,097 

137,000 

90,547 


Northern Assurance, 

Norwich Union Fire, 

Palatine, 

Phoenix Assurance, 

Prussian National, 


14,827,677 
12,222,891 
11,163,114 

9,672,307 
5,877,197 


113,039 
118,199 
134,341 

118,844 

48,328 


64,327 
75,283 
79,750 
86,222 
19,491 


59,453 

70,838 
77,764 
75,667 
19,698 


Rossia, 

Royal, 

Royal Exchange Assurance, 

Salamandra, 

Scottish Union and National, 


10,136,390 
47,854,031 

7,806,880 
5,482,492 
9,828,048 


88,477 
402,611 
89,561 
54,961 
97,763 


31,896 

190,200 

65,832 

41,186 

54,854 


32,657 
195,098 
65,041 
40,112 
54,761 


Skandia, 

State Fire 

Sun, 

Svea Fire and Life, 

Union Assurance, ...*.. 


7,036,392 

677,781 

15,298,210 

2,544,860 
8,599,345 


56,645 

5,793 

160,984 

30,534 

49,585 


30,618 

3,640 

103,541 

22,254 

25,568 


29,034 
2,535 
93,366 
21,315 
23,212 


Western Assurance, 


10,993,933 


90,352 


49,322 


45,564 


Totals, 


$345,339,709 


$3,320,440 


$1,822,286 


$1,738,082 



Marine Business. 



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

Thames and Mersey Marine, 
Union Marine 




$30,878,076 

95,381,474 

15,673,300 

5,839,483 

338,285,678 

7,211,531 

905,740 


$89,933 
38,318 
40,402 
38,122 

57,958 
21,900 

7,728 


$79,240 
120,510 
30,442 
20,336 
75,641 
23,923 
25 


$44,138 
99,785 
32,500 
22,791 
73,497 
31,423 
25 


Totals 


• 


8494,175,282 


$294,361 


$350,117 


$304,159 



Kecapitulation. 

Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire-marine com 

panies, 

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

Totals 



$357,115,574 

1,815,684 

45,949,185 

875,618,263 

345,339,709 



$1,625,838,415 



$3,577,155 

23,695 

488,983 

8,343,601 

3,320,440 



$15,763,874 



$845,347 

16,733 

241 ,940 

4,045,911 

1,822,286 



80,972,21' 



$840,625 

17,285 

239,340 

3,917,78*; 

1,738,082 



$6,753,118 



xliv 



REPORT OF THE 



Table XII. — Massachusetts Business for 1905 — 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 


$9,361,137 

53,037,540 

187,618,355 

494,175,282 


$146,005 
512,192 
824,605 
294,361 


$159,119 
335,507 
602,943 
350,117 


$110,363 
300,579 
600,790 
304,159 


Totals, 


$744,192,314 


$1,777,163 


$1,447,686 


$1,315,891 



Table XIII. — Statement of the Receipts and Expenditures of the Insur- 
ance Department for the Year ending Dec. 31, 1905. 

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

Receipts. 



Compensation for valuation of life insurance policies, 
License fees, filing statements, certificates, etc., 



$16,986 85 
66,480 75 



3,467 60 



Expenditures. 



Commissioner. 
Frederick L. Cutting, 



Deputy Commissioner. 
Frank H. Hardison, .... 



Emma W. Cushman, 



Actuary. 



Examiners. 
Charles W. Fletcher, from April, . 
William H. Brown, to April, . 

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

Extra Clerks. 
L. G. Hodgkins, .... 

C. E. Weiss 

M. E. Burrill, 

E. L. Johnson, .... 

Amounts carried forward, 



$1,526 88 
413 97 



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



$ 1,500 00 
1,000 00 
1,000 00 
1,000 00 



$4,500 00 



$3,500 00 



2,500 00 



2,000 00 



1,940 85 



4,700 00 



$14,640 85 



INSURANCE COMMISSIONER. 



xlv 



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



Amounts brought forward, 



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, 

J. S. Davis, 

B. B. Hadley, 

K. J. Connorton, 

S.E.Gould 

K. L. Scheufele, 

E. P. Bancroft, 

H. L. Richardson, 

G. L. Hemenway, 

G. L. Moore, 

M. H. Dyer, 

M. F. Ycaton, 

L. A. McGowan, 

G. E. Nelson, 

A. Robinson, 

M. A. Hosmer, 

E. A. Perkins, 

C. W. Brown, 

C. E. Prouty, 

H. A. Stewart and others, as per pay rolls, . 

Expenses. 

Adding machine, 

Expenses of delegates to national convention, 
Expert services, 
Expressage, .... 
Newspapers, publications, etc., 

Postage, 

Printing, .... 
Stationery and office supplies, 
Sundries, .... 
Telephone service and telegrams, 
Traveling expenses, examination of insurance com 
panies, 

Printing Report. 

2,500 copies Part I., 

4,000 copies Part II., 



Total expenditures for 1905, .... 
Fees collected and turned into the State treasury, 

Surplus accrued to the Commonwealth, 



$4,500 00 

1,000 00 
1,000 00 
1,000 00 
1,000 00 
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 
823 00 
810 00 
737 33 
735 00 
598 39 
528 57 
528 57 
526 79 
523 21 
657 98 



$375 00 
94 38 

80 00 
113 50 

81 70 
544 60 

1,902 83 

279 37 

107 15 

39 22 

387 98 



51,640 69 
2,203 92 



$14,640 85 



28,588 84 



4,005 73 



3,844 61 



$51,080 03 
83,407 60 



$32,387 57 



FIRE AND MARINE INSURANCE COMPANIES. 



Abstracts of Annual Statements for the Year ending 
December 31, 1905. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



MASSACHUSETTS MUTUAL FIRE INSURANCE COMPANIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, ABINGTON. 

Incorporated May 30, 1856. Commenced business June 15, 1857. 
ISAAC C. HOWXAND, President. ALFRED H. NASH, Secretary. 



Amount of permanent fund Dec. 31, 1904, 
Increase during the year, . 



Permanent fund Dec. 31, 1905, 



Income. 

Net premiums, 

Interest on mortgage loans, $945.53; stocks and bonds, 

all other, $769.36 

Increase in book value of securities, .... 
From all other sources, 



$2,827.47 



Total income, 



Ledger assets, Dec. 31, 1904, 



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, 

Premiums on securities purchased, . 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 



Mortgages, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, 
Agents 1 balances, 
Deposit in savings banks, . 



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $287.92; bonds, $912.48, . 
Market value of stocks and bonds over book value, . 
All other, 



$50,000 00 
5,000 00 



$55,000 00 

$36,905 34 

4,542 36 
67 50 
84 85 


$41,600 05 
111,401 40 


$153,001 45 

$11,472 18 

11,813 60 

5,682 85 

2,757 31 

300 00 

397 85 

162 50 

1,196 34 


$33,782 63 


$119,218 82 

$16,984 96 

78,600 00 

1,372 53 

3,397 17 

18,864 16 


$119,218 82 

1,200 40 

9,245 75 

6 80 



Gross assets, 



$129,671 77 



ABINGTON 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, 



$1,500 00 

55,854 93 

2,038 96 

50 37 

$59,444 2& 
70,227 51 



Total liabilities, $129,671 77 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 



Risks and Premiums. 

Amount. 

|6,536,748 00 
. 2,462,471 00 



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

$101,421 86 $101,421 8fr 
38,991 64 38,991 64 



Total, . . . ^ . 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$8,999,219 00 
2,073,819 00 

$6,925,400 00 
107,801 00 



$140,413 50 
32,212 21 

$108,201 29 
1,653 94 



$140,413 50 
32,212 21 

$108,201 29/ 



.,817,599 00 $106,547 35 



Miscellaneous. 

Losses incurred during the year, $12,949 00 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 

Schedule A. Stocks and Bonds owned by the Company* 

Bank Stocks. 
15 shares Abington National, 
14 " First National, Salem, . 
14 " Metropolitan National, Boston, 

5 " Old Boston National, Boston, 
20 " South End National, Boston, 
10 " State National, Boston, . 

5 " Whitman National, 

State and Municipal Bonds. 
Massachusetts 3s, 1909, .... 
Massachusetts 3s, 1930, .... 

Massachusetts 3s, 1941 

Boston, Mass., 3*s, 1923, 

Boston, Mass., 3$s, 1919, 

Cambridge, Mass., 3*s, 1918, 

Chicago, 111., 4s, 1914, .... 

New Bedford, Mass., 3*s, 1913, 

New Bedford, Mass., 4s, 1910, 

Omaha, Neb., 4£s, 1906, 

So. Abington 4s, 1913 

Railroad Bonds. 
Chicago, Burlington & Quincy 3*s, 1949, 
Chicago & East Illinois 4*s, 1910, . 
Chicago June. & Union Stock Yard 4s, 1940 
Chicago & Northwestern 5s, 1921, . 
Concord & Montreal 4s, 1920, 
Concord & Montreal 3*s, 1920, 
Flint & Pere Marquette 6s, 1920, . 
111. C. (Louisville Div. & Ter.) 34s, 1953, 
Illinois Central (Litchfield Div.) 3s, 1951, 
Maine Central 7s, 1912, .... 
Naumkeag Street 5s, 1910, 
N. Y. Central & Hudson River 34s, 1997, 
N. Y., New Haven & Hartford 4s, 1914, 
N. Y., New Haven & Hartford 3*s, 1954, 
Old Colony 3*s, 1932, .... 



Book Value. 


Rate. 


Market Value. 


$1,500 00 


100 


$1,500 00 


700 00 


25 


175 00 


1,400 00 


118 


1,652 00 


500 00 


106* 


532 50 


2,000 00 


96 


1,920 00 


1,000 00 


154 


1,540 00 


500 00 


100 


500 00 


3,000 00 


99| 


2,977 50 


1,000 00 


95J 


958 75 


1,000 00 


94| 


947 50 


4,000 00 


100 


4,000 00 


1,000 00 


100 


1,000 00 


2,000 00 


100* 


2,010 00 


2,000 00 


lOlf 


2,035 00 


2,000 00 


100 


2,000 00 


2,000 00 


101* 


2,030 00 


1,000 00 


100 


1,000 00 


2,000 00 


102* 


2,050 00 


3,000 00 


94| 


2,842 50 


2,000 00 


101 


2,020 00 


), . . 3,000 00 


99 


2,970 00 


2,000 00 


110 


2,200 00 


3,000 00 


102 


3,060 00 


1,000 00 


96* 


965 00 


1,000 00 


114 


1,140 00 


3,000 00 


94 


2,820 00 


2,000 00 


81 


1,620 00 


1,000 00 


118 


1,180 00 


2,000 00 


102 


2,040 00 


2,000 00 


98J 


1,962 50 


3,000 00 


101 


3,030 00 


3,000 00 


95 


2,850 00 


4,000 00 


98 


3,920 00 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Portland & Ogdensburg 5s, 1908, . 

Princeton & Northwestern 3is, 1926, 

Rockland & Abington St. 68,^1915, 

Taunton Street 5s, 1914, 

Terminal Asso. of St. Louis 4^s, 1939, 

Trenton Pass. 6s, 1931, . 

West End Street 4s, 1915, 



Book Value. 


Kate. 


Market Value. 


$5,000 00 


102 


$5,100 00 


1,000 00 


95£ 


9,575 00 


1,000 00 


106 


1,060 00 


1,000 00 


1044 


1,045 00 


9, . . ■ . . 2,000 00 


108| 


2,172 50 


2,000 00 


120 


2,400 00 


3,000 00 


101 A 


3,045 00 


$78,600 00 




$87,845 75 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, GLOUCESTER. 

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

ELIAS DAVIS, President. WILLIAM H. JEWETT, Secretary. 

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



Amount of permanent fund, 



Income. 

Interest on mortgage loans, $215.84 ; all other, $238.40, 
Assessments for losses, 



Total income, 

Ledger assets, Dec. 31, 1904, $9,672.13, plus error, $ 13.29, 

Total, 

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, 



Mortgages, 

Cash in banks and office, 

Office safe, . 

Total ledger assets, 



Ledger Assets. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $54.66 ; savings bank deposits, $21.48, 



Gross assets, 



Assets not admitted. 

Office safe, 

Dividends not declared or guaranteed, 

Total unadmitted assets, 



Total admitted assets, 
Due policy holders, 



Liabilities. 



$85 00 
21 48 



$948 98 



$454 24 


470 


91 


$925 


15 


9,685 


42 


$10,610 


57 


$40 00 


200 


95 


362 


25 


12 


50 


14 


62 


15 00 


7 


63 


$652 95 


$9,957 


62 


$3,413 


94 


6,458 


68 


85 00 



1,957 62 



76 14 



$10,033 76 

106 48 

$9,927 28 

$193 76 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 



Amount. Conting'tPrem's. 

$298,280 00 17,568 47 
65,750 00 



Total, 

Risks expired and terminated, . 



In force at end of year, 



$364,030 00 
74,650 00 

$289,380 00 



Miscellaneous. 



Losses incurred during the year, 



55,735 50 



$40 00 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

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

Office, 31 Milk Street. 

Income. 

Net premiums, $1,359,979 79 

Interest on bonds, $43,342.17; all other, $2,568.26, . . . . 45,910 43 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



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

Rents, 

Taxes and fees, 

Inspections, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 

Bonds (Schedule A), 

Cash in banks and office, 

Premiums in course of collection, 



Total ledger assets, 



Non-Ledger Assets. 

Interest accrued on bonds, 

Market value of bonds over book value, . 



Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 



$1,405,890 22 
1,279,874 72 

|2,685,764 94 



$63,652 74 

1,195,817 67 

30,282 00 

2,701 68 

14,290 40 

21,031 25 

6,505 46 

$1,334,281 20 

$1,351,483 74 



$1,204,697 50 

136,058 50 

10,727 74 

$1,351,483 74 



15,231 25 
5,971 25 

$1,372,686 24 



$13,622 31 

669,455 35 

3,504 57 



ATTLEBOKOUGH MUTUAL FIRE INSURANCE CO. 



All liabilities, except surplus, 
Surplus, 



$686,582 23 
686,104 01 



Total liabilities, ".'... $1,372,686 24 

Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1904, $164,304,011 00 $1,272,967 07 $6,364,835 35 

Risks written during 1905, . . 185,687,291 00 1,414,931 13 7,074,655 65 



Total 

Risks expired and terminated, . 

In force at end of year, 



$349,991,302 00 $2,687,898 20 $13,439,491 00 
.174,624,510 00 1,348,987 50 6,744,937 50 



$175,366,792 00 $1,338,910 70 $6,694,553 50 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 92.36 per cent. 

Schedule A. Bonds owned by the Company. 

State and Municipal Bonds 
Massachusetts 3s, 1939, . 
Massachusetts 3s, 1940, . 
Boston, Mass., 3^s, 1932, 
Boston, Mass., 3^s, 1945, 
Cambridge, Mass., 4s, 1910, . 
Cambridge, Mass., 3is, 1932, . 
Lowell, Mass., 4s, 1920, . 
Providence, R. I., 3s, 1930, . 
Waltham, Mass., 4s, 1910, 

Railroad Bonds 
Boston & Albany 4s, 1913, . 
Boston & Albany 3^s, 1952, . 
Boston & Lowell 4s, 1932, 
Boston & Lowell 4s, 1913, 
Boston & Maine 4s, 1942, 
Boston & Providence 4s, 1918, 
Boston Elevated 4s, 1935, 
Chicago, Burlington & Quincy 4s, 1919, 
Chicago, Burlington & Quincy 3|s, 1949, 
Chicago June. & Union Stock Yards 5s, 1915, 
Chicago & Northwestern 5s, 1933, 
Concord & Montreal 4s, 1920, 
Eastern 6s, 1906, . 
Erie & Pittsburgh 3£s, 1940, . 
Fitchburg 4s, 1928, 

Lake Shore & Michigan Southern 3^s, 1997, 
New York Central & Hudson River 3|s, 1997, 
New York, New Haven & Hartford 4s, 1954, 
New York, New Haven & Hartford 3^s, 1947, 
Norwich & Worcester 4s, 1927, 

Old Colony 4s, 1938, 

Pennsylvania 4^s, 1921, ..... 
Philadelphia, Wilmington & Baltimore 5s, 1910, 
West End Street 4s, 1932, .... 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 



$75,017 00 



Hook Value. 


Rate. 


Market Value. 


$55,000 00 


95 


$52,250 00 


45,000 00 


94-| 


42,693 75 


52,200 00 


100 


50,000 00 


30,000 00 


100 


30,000 00 


15,000 00 


lOlf 


15,281 25 


25,000 00 


100 


25,000 00 


20,000 00 


1051 


21,100 00 


50,000 00 


92i 


46,250 00 


10,000 00 


ioi| 


10,187 50 


30,000 00 


102 


30,600 00 


25,000 00 


99 


24,750 00 


54,875 00 


105| 


58,162 50 


35,000 00 


101* 


35,525 00 


49,900 00 


107 " 


53,500 00 


20,000 00 


104 


20,800 00 


52,687 50 


105 


52,500 00 


17,000 00 


100* 


20,100 00 


48,000 00 


94| 


47,375 00 


23,719 00 


106 


26,500 00 


28,400 00 


115 


28,750 00 


25,000 00 


102 


25,500 00 


35,000 00 


1011 


35,437 50 


24,750 00 


97 


24,250 00 


52,000 00 


104 


52,000 00 


49,500 00 


99| 


49,875 00 


34,366 00 


98£ 


34,343 75 


52,600 00 


105f 


52,875 00 


50,000 00 


95 


47,500 00 


53,900 00 


106 


53,000 00 


40,000 00 


106± 


42,500 00 


30,000 00 


105! 


31,725 00 


20,000 00 


1034, 


20,650 00 


25,800 00 


104-1 


26,062 50 


25,000 00 


941 


23,625 00 


$1,204,697 50 




$1,210,668 75 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

Incorporated Feb. 24, 1844. Commenced business July 18, 1845. 
EVERETT S. C APRON, President. HARRY E. CARPENTER, Secretary. 

Amount of permanent fund, $16,901 35 



ATTLEBOKOUGH MUTUAL FIRE INSURANCE CO. 



Income. 

Net premiums, $14,640.01; extra premiums, $85.40, . . . $14,725 41 
Interest on mortgage loans, $1,604. 43 ; collaterals, $45 ; stocks and 

bonds, $400; all other, $186.26, 2,135 69 

Borrowed money, 2,500 00 

Total income, $19,361 10 

Ledger assets, Dec. 31, 1904, 47,756 81 

Total, $67,117 91 

Disbursements. 

Net amount paid for losses, $15,915 82 

Commissions or brokerage, 2,019 04 

Salaries, fees, etc., of officers and employees, 3,073 40 

Rents, 36 00 

Taxes and fees, 154 70 

Premiums on securities, 44 58 

Reduction in book value of securities, 106 54 

All other disbursements, 345 03 

Total disbursements, $21,695 11 

Balance $45,422 80 

Ledger Assets. 

Mortgages, $27,550 00 

Stocks and bonds (Schedule A), 8,759 85 

Cash in banks and office, 6,641 38 

Agents' balances, 2,471 57 

Total ledger assets, $45,422 80 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $226.42; bonds, $45 ; other assets, $6.67, . . 278 09 

Furniture, stationery and other supplies, 75 00 

Gross assets, $45,775 89 

Assets not admitted. 

Furniture, stationery and other supplies, . . . $75 00 

Agents' balances over three months due, . . . 782 37 

Book value of stocks and bonds over market value, . 1,407 35 

Total unadmitted assets, 2,264 72 

Total admitted assets, $43,511 17 

Liabilities. 

Unpaid losses, including $70 resisted, $100 00 

Unearned premiums on outstanding risks, 19,412 47 

Borrowed money, 2,500 00 

All liabilities, except surplus, $22,012 47 

Surplus 21,498 70 

Total liabilities, $43,511 17 



8 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 



Risks and Premiums. 

Amount. 

. $2,877,861 00 
. 1,307,161 00 



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

$23,214 09 $46,428 18 
16,367 18 32,734 36 



Total, .... 
Risks expired and terminated, 

In force at end of year, 



. $4,185,022 00 
780,388 00 

. $3,404,634 00 
Miscellaneous. 



$39,581 27 
7,174 61 



$79,162 54 
14,349 22 



$32,406 66 $64,813 32 



Losses incurred during the year, $15,786 00 

Schedule A. Stocks and Bonds owned by the Company. 



10 shares Hereford R.R. Co., . 
Attleboro', Mass., 4s, 1926, . 
Pawtucket, R. I.,4s, 1923, . 
Attleboro' Steam & Electric Co. 5s, 1919, 
Vaughn Machine Co. 5s, 1920, 



Book Value. 
$1,000 00 
3,439 38 
2,244 70 
1,052 69 
1,023 08 

$8,759 85 



Rate. 

107 

1021 

110 



Market Value. 
$992 50 
3,210 00 
2,050 00 
1,100 00 



$7,352 50 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

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



Amount of permanent fund, 



Income. 

Net premiums, $44,786.21 ; extra premiums, $1,231.36, 
Interest on mortgage loans, $91.50; stocks and bonds, 

allother, $501.26, 

Profit on sale or maturity of ledger assets, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$3,37 



Total, 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, ..... 

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

Real estate taxes, f20.25 ; other taxes and fees, $429.39, 

Reduction in book value of ledger assets, . 

Premium on securities purchased, .... 

All other disbursements, 



Total disbursements, 



Balance, 



Ledger Assets. 



Real estate, $1,000 ; mortgages, $1,250, 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Deposited in savings banks, 



1.15 



$57,365 80 

$46,017 57 

3,963 91 

1,503 75 

306 88 

$51,792 11 
99,014 02 

$150,806 13 

$15,992 25 

24,196 82 

6,709 25 

449 64 

2,000 00 

172 75 

971 53 

$50,492 24 

$100,313 89 



$2,250 00 

75,200 00 

2,804 89 

5,000 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



9 



Town of Yarmouth notes, 

Bills receivable, not matured, 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $13.25 ; bonds, $739.12 ; other assets, $1,392.79, 
Market value of stocks and bonds over book value, . 



Gross assets, 



Assets not admitted. 
Dividends not declared or guaranteed, .... 

Total admitted assets, 

Liabilities. 
Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except surplus, 

Surplus, 



$15,000 00 
59 00 

$100,313 89 



2,145 16 
15,698 50 

$118,157 55 



96 37 

$118,061 18 



,628 52 

689 85 

79 20 



,397 57 
48,663 61 



Total liabilities, $118,061 18 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $7,561,821 00 
. 2,497,193 00 

. $10,059,014 00 
. 2,499,372 00 



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

$131,107 36 $131,107 36 
44,786 21 44,786 21 



$175,893 57 
44,680 26 



[75,893 57 
44,680 26 



$7,559,642 00 $131,213 31 $131,213 31 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 50 and 60 per cent. 



$10,951 00 






Schedule A. Stocks and Bonds owned by the Company. 

Hail road Stocks. 
12 shares N. Y., N. H. & Hartford, 
63 " Old Colony, . 
10 " Southern Pacific, common, 
8 " Union Pacific, preferred, 
30 " Union Pacific, common, . 

20 " West End Street, preferred, 

21 " West End Street, common, 

Bank Stocks. 
10 shares Falmouth National, 
7 " First National, Boston, . 
10 " First National, Hyannis, 
15 " First National, Yarmouth, 

5 " National Republic, Boston, 

6 " National Shawmut, Boston, 
15 " State National, Boston, . 

Miscellaneous Stocks. 
50 shares Massachusetts Real Estate Co., 

State Bonds. 
Massachusetts 3^s, 1935, 



Book Value. 


Kate. 


Market Value. 


$1,200 00 

6,300 00 

600 00 


196i 

208 

66 


$2,355 00 

13,104 00 

660 00 


600 00 


99^ 


796 00 


3,000 00 
2,000 00 
2,100 00 


150| 

226 

199 


4,518 75 
2,260 00 
2,089 50 


1,000 00 

700 00 

1,000 00 

1,500 00 

500 00 


100 
278 
120 
125 
163 


1,000 00 
1.946 00 
1,200 00 
1,875 00 
815 00 


600 00 
1,500 00 


268 
154 


1,608 00 
2,310 00 



1,000 00 14 \ 



1,000 00 104 j 



725 00 



1,046 25 



10 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Railroad Bonds. 
A tchison, Topeka & Santa Fe general mortgage 4s, 1995, 
Boston & Maine 4s, 1942, 
Chicago, Burlington & Quincy 3|s, 1949, 
Chicago & East Illinois 6s, 1907, . 
Chicago & East Illinois 6s, 1934, . 
Chicago & East Illinois equipment 44s, 1912 
Fitchburg 4s, 1915, .... 

Illinois Central 4s, 1950, 
Lake Shore & Michigan Southern 4s, 1928, 
Lynn & Boston 5s, 1924, 

New York Central & Hudson River 34s, 1998, 
New York, New Haven & Hartford 4s, 1954, 
N. Y., New Haven & Hartford 34s, 1956, 
Oregon Short Line 5s, 1946, .... 
Terminal Asso., St. Louis, 4is, 1939, 
United Traction & Electric Co. 5s, 1933, 
West End Street 4s, 1917, .... 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 4s, 1929, 
Illinois Steel Co. 5s, 1910, .... 
Lombard Farm mortgage, .... 
Western Tel. & Tel. Co. 5s, 1932, 



Book Value. 


Rate, 


Market Value. 


$1,000 00 


ioij 


$1,018 75 


12,000 00 


107 


12,840 00 


1,000 00 


94| 


947 50 


1,500 00 


103 


1,545 00 


1,000 00 


134 


1,340 00 


1,000 00 


101 


1,010 00 


4,000 00 


ion 


4,060 00 


2,000 00 


104* 


2,090 00 


5,000 00 


991 


4,975 00 


1,000 00 


110 


1,100 00 


1,000 00 


88i 


885 00 


3,000 00 


105| 


3,172 50 


1,500 00 


1174 


1,762 50 


500 00 


117* 


587 50 


3,000 00 


108| 


3,258 75 


1,000 00 


1104 


1,105 00 


2,000 00 


ioi| 


2,032 50 


4,000 00 


944 


3,780 00 


1,000 00 


100 


1.000 00 


100 00 


- 


- 


4,000 00 


102 


4,080 00 


$75,200 00 


$90,898 50 



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, $54,637.66; extra premiums, $393.94, . . . $55,03160 

Interest on mortgage loans, $575 ; stocks and bonds, $5,675.64, . 6,250 64 

Rents, 120 00 

Total income, $61,402 24 

Ledger assets, Dec. 31, 1904, 128,334 05 

Total $189,736 29 

Disbursements. 

Net amount paid for losses, $24,315 06 

Profits on terminated policies, 18,932 37 

Commissions or brokerage, 7,550 87 

Salaries, fees, etc., of officers and employees, 4,307 00 

Rents, 450 00 

Real estate taxes, $18.50 ; other taxes and fees, $754.28, . . 772 78 

All other disbursements, 2,737 48 



Total disbursements, 
Balance, 



$59,065 56 
$130,670 73 



Ledger Assets. 

Real estate, $2,000; mortgages, $11,000, . 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 



$13,000 00 

104,715 29 

4,698 80 

8,256 64 



Total ledger assets, $130,670 73 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



11 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $344. 15 ; other assets, $354.25, 
Rents due on company's property, 
Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 

Unpaid losses, $667.94; less reinsurance, $51.07, . 
Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except surplus, 

Surplus, 



$698 40 

36 00 

33,177 21 

$164,582 34 



$616 87 

83,371 24 

2,745 95 

526 90 

$87,260 96 

77,321 38 



Total liabilities, $164,582 34 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

.$11,395,013 00 
. 4,401,693 00 

. $15,796,706 00 
. 3,874,863 00 

.$11,921,843 00 
845,603 00 



Cash Prem's. Conting't Prem's 

$165,844 94 $165,844 94 
62,526 09 62,526 09 



$228,371 03 $228,371 03 
55,156 52 55,156 52 



$173,214 51 $173,214 51 
12,215 05 



.$11,076,240 00 $160,999 46 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 



$22,950 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
10 shares Baltimore & Ohio, preferred, 
100 " Boston & Albany, 
40 " Chic, St. Paul, Minneapolis & Omaha 
50 ■« N. Y. Central & Hudson River, . 
50 rights N. Y. Central & Hudson River, . 

Bank Stocks. 
16 shares Adams National, No. Adams, 
10 " Agricultural National, Pittsfield, 
10 " First National, Adams, 
4 " Lee National, 
10 " Lenox National, . 
58 " Pittsfield National, 
12 " Third National, Pittsfield, 

Miscellaneous Stock. 
100 shares Adams Express Co., 

Railroad Bonds. 
Baltimore & Ohio Prior Lien 3£s, 1925, 
Chicago, Burlington & Quincy 3;^s, 1949, 
Chicago & Northwestern 5s, 1929, 
Chicago & Western Indiana 6s, 1932, 
Greenfield & Turner's Falls 5s, 1916, 
St. Paul & Sioux City 6s, 1919, . 
Third Ave., New York, 4s, 2000, . 
United Traction & Electric Co., Prov., 5s, 1933, 



Book Value. 


Rate. 


Market Value. 


$913 78 


98 


$980 00 


15,305 20 


254* 


25,450 00 


5,226 87 


188 


7,520 00 


9,115 61 


1531 


7,656 25 


- 


6A 


343 75 


2,360 00 


115 


1,840 00 


2,000 00 


250 


2,500 00 


1,337 50 


110 


1,100 00 


704 00 


165 


660 00 


1,020 00 


140 


1,400 00 


10,145 50 


160 


9,280 00 


1,500 00 


225 


2,700 00 


6,061 25 


235 


23,500 00 


1,950 00 


94! 


1,885 00 


1,000 00 


94 1 


947 50 


4,496 25 


110 


4,400 00 


5,375 25 


ll.'U 


5,675 00 


5,370 00 


101 


5,050 00 


1,270 00 


122 


1,220 00 


4,862 50 


92 


4,600 00 


4,570 00 


noj 


4,420 00 



12 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



Miscellaneous Bonds. 
Adams Express Co. 4s, 1948, .... 
American Telephone & Telegraph Co. 4s, 1929, 
Proprietors of Pittsfield Cemetery 5s, 1911, . 
Western Union Telegraph Co. 5s, 1938, 



Book Value. 

$5,000 00 

10,090 33 

4,000 00 

1,041 25 


Rate. 
102^ 
94| 
100 
1061 


Market Value. 

$10,250 00 

9,450 00 

• 4,000 00 

1,065 00 


$104,715 29 


$137,892 50 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

Incorporated March 15, 1850. Commenced business Oct. 15, 1850. 
JOSEPH P. GRAY, Vice-President. FRANCIS E. ROBINSON, Secretary. 

Office, 31 Milk Street. 
Income. 



Net premiums, . 
Interest on bonds, 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, . 

Inspections, surveys, plans, etc., 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 



Bonds (Schedule A), 

Cash in banks and office, 

All other ledger assets, 

Total ledger assets, 

Non-Ledger Assets 

Interest accrued on bonds, 

Market value of bonds over book value, . 

Gross assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 



All liabilities, except surplus, 
Surplus, 



Total liabilities, 



$1,671,704 56 
59,159 36 

$1,730,863 92 
1,440,664 84 

$3,171,528 76 



$88,253 63 

1,445,230 28 

49,155 54 

3,414 00 

17,772 42 

590 00 

25,689 21 

13,056 94 

$1,643,162 02 

$1,528,366 74 



$1,458,662 50 

68,844 84 

859 40 

$1,528,366 74 



18,675 84 
51,280 00 

$1,598,322 58 



$13,199 28 

822,666 78 

4,791 56 

$840,657 62 
757,664 96 

$1,598,322 58 



BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



13 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

$200,696,753 00 
. 228,001,966 00 



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

H,557,579 07 $7,787,895 35 
1,734,818 97 8,674,094 85 



#428,698,719 00 $3,292,398 04 f 16,461,990 20 
.213,878,114 00 1,647,064 49 8,235,322 45 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 91.33 per cent. 



$214,820,605 00 $1,645,333 55 $8,226,667 75 

,775 00 



Schedule A. Bonds owned by the Company. 



State and Municipal Bonds 
Massachusetts 3*s, 1935, 
Massachusetts 3*s, 1938, 
Massachusetts 3s, 1939, . 
Massachusetts 3s, 1927, . 
Massachusetts 3s, 1941, . 
Boston, Mass., 3*s, 1943, 
Boston, Mass., 5s, 1906, . 
Brookline, Mass., notes, 4s, $1,000 year to 1921, 
Brookline, Mass., notes, 3*s, $3,700 year to 1923, 

Railroad Bonds. 
Boston & Albany 4s, 1913, .... 
Boston, Clinton, Fitch. & New Bedford 5s, 1910, 
Boston & Lowell 4s, 1916, .... 
Boston & Maine 4*s, 1944, .... 
Chicago, Rock Island & Pacific 4s, 1988, 
Dutchess County 4*s, 1940, .... 
Illinois Central 4s, 1952, .... 

Long Island Guar, refunding 4s, 1949, . 
N. Y. Central & Hudson River 4s, 1934, 
N. Y. Cent. & Hud. River (Lake Shore) 3*s, 1998, 
N. Y. Cent. (Rome, Water. & Ogdens.) 5s, 1922, 
New York, New Haven & Hartford 3is, 1947, 
New York, New Haven & Hartford 4s, 1914, 
North. Pac.-Great North. (C. B. & Q.) 4s, 1921, 

Old Colony 4s, 1924, 

Old Colony 4s, 1938 

Pennsylvania (Penn. Co.) 4*s, 1921, 
Pennsylvania Co. trust certs", 3*s, 1916, 
Phil., Wilmington & Bait. 5s, 1910, 
Terminal Asso. of St. Louis 4s, 1953, 
United New Jersey R.R. & Canal Co. 4s, 1944, 
West End Street 4*s, 1914, .... 
West Shore (guar, by N. Y. Cent.) 4s, 2361, 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 4s, 1929, 
American Tel. & Tel. Co. 5s, 1907, 



Book Value. 

$165,000 00 

35,000 00 

50,000 00 

35,000 00 

14,962 50 

8,000 00 

8,000 00 

16,000 00 

66,600 00 



29,850 00 
20,000 00 

$1,458,662 50 



Rate. 
104| 
104| 
95 
96i 
943 
100 
100 
103f 
100 



50,000 00 


102 


50,000 00 


104 


25,000 00 


102 


50,000 00 


116£ 


20,000 00 


103f 


42,000 00 


105 


30,000 00 


105* 


49,500 00 


1004 


78,500 00 


99| 


72,600 00 


88* 


50,000 00 


114* 


20,000 00 


95 


30,000 00 


101 


28,593 75 


99! 


50,000 00 


104 


50,000 00 


106;| 


29.781 25 


1064 


49,275 00 


97 


40,000 00 


103^ 


49,000 00 


100 


50,000 00 


no* 


50,000 00 


104! 


46,000 00 


105f 



94* 
100 



Market Value. 

$172,631 25 

36,706 25 

47,500 00 

33,687 50 

14,212 50 

8,000 00 

8,000 00 

16,580 00 

66,600 00 

51,000 00 
52,000 00 
25,500 00 
58,312 50 
20,750 00 
44,100 00 
31,650 00 
50,250 00 
79,800 00 
70,800 00 
57,250 00 
19,000 00 
30,300 00 
29,962 50 
52,000 00 
53,125 00 
31,950 00 
48,500 00 
41,300 00 
50,000 00 
55,312 50 
52,125 00 
52,687 50 

28,350 00 
20,000 00 

$1,509,942 50 



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, $2,127.58; extra premiums, f 10. 82, . . . $2,138 40 



14 CAMBRIDGE MUTUAL FIRE INSURANCE CO. 

Interest, $70 00 

From all other sources, 7 25 

Total income, $2,215 65 

Ledger assets, Dec. 31, 1904, 2,845 56 

Total $5,061 21 

Disbursements. 

Net amount paid for losses, $1,173 42 

Commissions or brokerage, 105 71 

Salaries, fees, etc., of officers and employees, 1,184 00 

Taxes and fees, 22 53 

All other disbursements, 139 69 

Total disbursements, . $2,625 35 

Balance, $2,435 86 

Ledger Assets. 

Cash in banks and office $702 89 

Deposited in savings banks, 1,500 00 

Agents' balances, 180 77 

Uncollected office premiums, 52 20 

Total ledger assets, $2,435 86 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 81, 1904, .... $1,676,155 00 $113,028 00 

Risks written during 1905, 328,800 00 21,890 00 

Total, $2,004,955 00 $134,918 00 

Risks expired and terminated, 461,200 00 32,047 00 

In force at end of year, $1,543,755 00 $102,87100 

Miscellaneous. 

Losses incurred during the year, $1,173 00 



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, $76,837.95; extra premiums, $535.83, . . . $77,373 78 
Interest on mortgage loans, $2,140.38 ; stocks and bonds, $2,182.31 ; 

all other, $45.95 4,368 64 

Rents, including company's own occupancy, 7,495 47 

From all other sources, 1,499 35 

Total income, $90,737 24 

Ledger assets, Dec. 31, 1904, 198,998 47 

Total, $289,735 71 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 15 



Disbursements. 

Net amount paid for losses, $46,519 55 

Profits on terminated policies, 32,494 60 

Commissions or brokerage, 12,088 25 

Salaries, fees, etc., of officers and employees, 8,690 40 

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

Repairs and expenses on real estate, 2,356 11 

Real estate taxes, f 1, 68 1. 23 ; other taxes and fees, $1,286.46, . . 2,967 69 

Loss on sale or maturity of ledger assets, 125 00 

All other disbursements, . . . ,\ 4,577 20 



Total disbursements, $111,018 80 



Balance, $ 178,7 16 91 

Ledger Assets. 

Real estate, f 56,087. 52; mortgages, $60,921, $117,008 52 

Stocks and bonds (Schedule A), 45,531 25 

Cash in banks and office, 4,433 48 

Agents 1 balances, 11,743 66 



Total ledger assets, $178,716 91 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $467.98; bonds, $644.40, 1,112 38 

Rents accrued on company's property, 761 66 

Market value of stocks and bonds over book value, .... 1,452 50 



Gross assets, $182,043 45 

Assets not admitted. 
Agents' balances over three months due, 556 73 



Total admitted assets, $181,486 72 

Liabilities. 

Unpaid losses, $3,606.76; less reinsurance, $482.46, . . . $3,124 30 

Unearned premiums on outstanding risks, 134,235 84 

Dividends due policy holders, 6,665 62 

Salaries and other miscellaneous expenses, due or accrued, . . 898 29 

Due for return premiums, $465.09 ; reinsurance, $2,072.06, . . 2,537 15 

All liabilities, except surplus, ..!.... $147,461 20 

Surplus, 34,025 52 



Total liabilities, $181,486 72 

Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



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

$22,002,859 00 $349,396 68 $349,396 68 
6,520,865 00 96,947 30 96,947 30 



$28,523,724 00 $446,343 98 $446,343 98 
7,761,241 00 128,247 04 128,247 04 



$20,762,483 00 $318,096 94 $318,096 94 
1,513,443 00 20,552 74 



Net amount in force, . . .$19,249,040 00 $297,544 20 



16 



CITIZENS MUTUAL INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 30 and 40 per cent. 



$45,582 00 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. 
1 share Framingham National, . 
15 shares National City, Cambridge, 

Municipal Bonds. 
Cambridge, Mass., 4s, 1914, . 
New Bedford, Mass., 7s, 1906, 

Railroad Bonds. 
Boston & Lowell 4s, 1932, 
Eastern 6s, 1906, .... 
Fitchburg 4s, 1927, 
Fitchburg 4s, 1927, 
Fitchburg 4s, 1928, 

N. Y., New Haven & Hartford 4s, 1947 
West End Street 4s, 1915, 
West End Street 4s, 1916, 



Book Value. 
$100 00 
1,500 00 

3,000 00 
5,350 00 

4,000 00 
1,500 00 
4,000 00 
1,081 25 
5,000 00 
10,000 00 
5,000 00 
5,000 00 

$45,531 25 



Kate. 

130 

120 

103| 
102 

105£ 

101^ 

104 

104 

104 

105^ 

1011 

101* 



Market Value. 
$130 00 
1,800 00 

3,105 00 
5,100 00 

4,230 00 
1,518 75 
4,160 00 
1,040 00 
5,200 00 
10,550 00 
5,075 00 
5,075 00 

$46,983 75 



. 


8174,441 91 




$76,357 35 


stocks and 




• . • 


14,716 50 


. . . 


459 06 


• • . 


105 00 


• . • 


82 50 



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, $75,845.85 ; extra premiums, $511.50, 
Interest on mortgage loans, f 10,742.92 ; collaterals, 
bonds, $3,802.04; all other, $111.54, . 

Rents, 

Increase in book value of bonds, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1904, $331,682.27, less error $3,703.56, 

Total, 

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, $149.94 ; other taxes and fees, $927.64, 
All other disbursements, 

Total disbursements, 

Balance, 



$91,720 41 


327,978 


71 


$419,699 


12 


$26,547 47 


39,912 


16 


11,621 


17 


7,653 


24 


3,684 08 


91 


41 


1,077 


58 


3,872 


17 


$94,459 28 



Ledger Assets. 

Real estate, $11,500; mortgages, $196,525, . 

Loan secured by collateral (12 snares Natick National Bank), 



$325,239 84 



$208,025 00 
1,200 00 



citizens' MUTUAL INSURANCE CO. 17 

Stocks and bonds (Schedule A), $108,700 00 

Cash in banks and office, 2,514 40 

Agents' balances, 4,800 44 

Total ledger assets, $325,239 84 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $2,09 1 . 07 ; bonds, $1,263 . 76 ; collateral loans, $ 18 . 22 ; 

other assets, $170.75, 

Rents due on company's property, .... 
Market value of real estate over book value, . 

Gross assets, 

Assets not admitted. 

Agents' balances over three months due, . 
Book value of stocks and bonds over market value, . 
Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, $702.04 ; less reinsurance, $50, . 
Unearned premiums on outstanding risks, 
Dividends due policy holders, 



: : : 


3,543 80 

149 75 

3,300 00 


. 


$332,233 39 


$42 59 
654 00 


696 69 






• 


$331,536 80 


. 


$652 04 

186,143 96 

1,811 08 



All liabilities, except surplus, $188,607 08 

Surplus, 142,929 72 



Total liabilities, $331,536 80 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, . $28,446,144 00 $386,908 28 $386,908 28 

Risks written during 1905, . . 6,301,378 00 86,536 22 86,536 22 



Total, $34,747,522 00 $473,444 50 $473,444 50 

Risks expired and terminated, . . 6,093,779 00 83,090 76 83,090 76 



In force at end of year, . . . $28,653,743 00 $390,353 74 $390,353 74 
Amount reinsured, .... 1,097,762 00 16,306 47 



Net amount in force, . . . $27,555,981 00 $374,047 27 

Miscellaneous. 

Losses incurred during the year, $25,919 00 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

17 shares Chicago & Northwestern, common, . . $2,738 75 223 $3,791 00 

35 " Massachusetts Electric Co., preferred, . . 2,983 75 61 2,135 00 

16 «« N. Y., New Haven & Hartford, . . . 3,032 00 196| 3,140 00 

16 " N. Y., New Haven & Hartford, rights, . . 80 00 5 80 00 

Bank Stocks. 

10 shares State National, Boston, 1,400 00 154 1,540 00 

Miscellaneous Stocks. 

25 shares American Tel. & Tel. Co 3,167 50 138 3,450 00 

24 " Massachusetts Gas Co., preferred, . . . 1,998 00 85 2,040 00 

Government Bonds. 
Imperial Japanese (1st series) 6s, 1911, . . . 5,000 00 98 4,900 00 



18 



COTTON AND WOOLEN MANUFACTURERS INSURANCE CO. 



Railroad Bonds. 
Burlington, Cedar Rapids & Northern 5s, 1906, 
Chic., Burlington & Quincy (111. Div.) 3£s, 1949 
Chic., Burlington & Quincy 4s, 1921, . 
C. & No'hw'n (Sioux C'y & Pac. Div.) 3*s, 1936, 
Chic, R. I. & Pac. 4s, 1934, . . . ' . 
Cin., Hamilton & Dayton notes, 4^s, 1908, . 
Flint & Pere Marquette 6s, 1920, . . ' . 
Flint & Pere Marq. (Pt. Huron Div.) 5s, 1939, 
Interborough Rapid Trans. Co. notes, 4s, 1908, 
Kansas City, Ft. Scott & Mem. 6s, 1928, 
Lake Shore & Michigan Southern 4s, 1928, . 
N. Y., New Haven & Hartford 4s, 1947, 
Pennsylvania Car Trust 3£s, 1907, 
Pennsylvania Steel Equipment Trust 3^s, 1907, 
Pere Marquette Equipment Trust 4 Is, 1913, . 
Southern 5s, 1909, . . . . 
West End 4s, 1932, 

Miscellaneous Bonds. 
American Bell Tel. Co. 4s, 1908, . 
American Tel. & Tel. Co. note, 5s, 1907, 
General Electric Co. 3^s, 1942, 
Illinois Steel Co. 5s, 19"l0, .... 

111. Steel Co. 5s, 1913 

Maiden Electric Co. 5s, 1910, 





Book Value. 


Kate. 


Market Value. 


$3,000 00 


100 


$3,000 00 


», 


10,000 00 


Q4.3 


9,475 00 




1,000 00 


99 


990 00 




1,000 00 


98 


980 00 




2,000 00 


94 1 


1,890 00 




2,000 00 


91 


1,820 00 




1,000 00 


114 


1,140 00 




5,700 00 


110 


5,500 00 




:*,000 00 


98 


2,940 00 




6,015 00 


121 


6,050 00 




3,000 00 


99J 


2,985 00 




7,000 00 


1055 


6,330 00 




2,000 00 


99" 


1,980 00 




5,000 00 


99 


4,950 00 




3,000 00 


100 


3,000 00 




7,000 00 


100 


7,000 00 




2,000 00 


104^ 


2,085 00 




8,845 00 


99 .V 


8,955 00 




1,000 00 


100" 


1,000 00 




1,740 00 


90 


1,800 00 




5,000 00 


100 


5,000 00 




3,000 00 


100 


3,000 00 




5,000 00 


102 


5,100 00 




$108,700 00 




$108,046 00 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE 

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, 



Interest on bonds, $10,838.35 ; all other, $671 .92, 



Total income, 

Ledger assets, Dec. 31, 1904, 

Total, 

Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, .... 

Inspections, 

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

Taxes and fees, 

Premiums on bonds purchased, .... 
All other disbursements, 

Total disbursements, 

Balance, . 



Ledger Assets. 



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



$467,169 80 
11,510 27 

$478,680 07 
297,333 25 

$776,013 32 



$24,998 87 

348,767 65 

10,294 67 

13,358 28 

5,340 15 

4,561 75 

14,054 85 

$421,376 22 

$354,637 10 



$313,000 00 

32,103 38 

9,533 72 



Total ledger assets $354,637 10 



COTTON AND WOOLEN MANUFACTURERS INSURANCE CO. 



19 



Non-Ledger Assets. 

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



Gross assets, 



$4,775 39 
6,975 00 

1366,387 49 



Liabilities. 

Unpaid losses 11,000 00 

Unearned premiums on outstanding risks, 241,339 54r 

Taxes, 926 45 

All liabilities, except surplus, $243,265 99 

Surplus, . 123,121 50 

Total liabilities, $366,387 49 



Risks outstanding Dec, 31, 1904, 
Risks written during 1905, . 



Risks and Premiums. 

Amount. 

$46,160,110 00 
. 53,381,254 00 



Cash Preni's. Conting't Prem'8. 

$429,757 15 $2,148,785 75 
490,880 48 2,454,402 40 



Total 

Risks expired and terminated, 

In force at end of year, 



,541,364 00 
48,950,740 00 



$920,637 63 $4,603,188 15 
437,958 55 2,189,792 75 



. $50,590,624 00 $482,679 08 $2,413,395 40 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 83.75 per cent. 

Schedule A. Bonds owned by the Company. 

State and Municipal Bonds. 
Massachusetts 3^-s, 1933, .... 

Fall River, Mass., 3|s, 1915, .... 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1928, . 
Bangor & Aroostook 5s, 1943, 
Boston Elevated 4s, 1935, .... 
Boston & Lowell 3£s, 1919, .... 
El Paso & Rock Island 5s, 1951, . 

Fitchburg 4s, 1927 

Lynn & Boston 5s, 1912, .... 

Maine Central 4|s, 1916, .... 

Maine Central 5s, 1923, 

N. Y. Central & Hudson River 3*s, 1998, 
N. Y., N. H. & Hartford 4s, 19551 
Northern Pacific 4s, 1921, .... 
Portland & Ogdenshurg 5s, 1908, . 
Richmond & Washington 4s, 1943, 
West End Street 4£s, 1914, .... 
West End Street 4s, 1917, .... 
West End Street 4s, 1915, .... 

Miscellaneous Bonds. 
American Bell Telephone Co. 4s, 1908, 
American Telephone & Telegraph Co. 4s, 1929, 
American Writing Paper Co. 5s, 1919, . 
N. E. Telephone & Telegraph Co. 5s, 1919, . 
N. E. Telephone & Telegraph Co. 4s, 1930, . 
Western Union Telegraph Co. 4^s, 1950, 



$24,318 00 






Book Value. 


Rate. 


Market Value. 


. $18,000 00 


104i 


$18,765 00 


20,000 00 


100 


20,000 00 


7,000 00 


98 


6,860 00 


15,000 00 


122 


18,300 00 


0,000 00 


105 


6,300 00 


10,000 00 


98 


9,800 00 


5,000 00 


106| 


5,337 50 


18,000 00 


104 


18,720 00 


10,000 00 


104 


10,400 00 


16,000 00 


105^ 


16,840 00 


10,000 00 


115 


11,500 00 


15,000 00 


88* 


13,275 00 


20,000 00 


106 


21,200 00 


1,000 00 


99| 


998 75 


10,000 00 


102 


10,200 00 


9,000 00 


103£ 


9,292 50 


5,000 00 


104^ 


5,212 50 


15,000 00 


101* 


15,243 75 


5,000 00 


10H 


5,075 00 


15,000 00 


99i 


14,925 00 


20,000 00 


94! 


18,900 00 


5,000 00 


90 


4,500 00 


10,000 00 


106?, 


10.650 00 


28,000 00 


96 


26,880 00 


20,000 00 


104 


20,800 00 


3313,000 00 


$319,975 00 



20 



DEDHAM MUTUAL FIRE INSURANCE CO. 



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, 



Income. 
Net premiums, including extra premiums, $228.61, 
Interest on mortgage loans, $1,895 ; stocks and bonds, 

all other, $88.86, 

Profit on sale or maturity of ledger assets, 
Increase in book value of securities, . 

Total income, 

Ledger assets, Dec. 31, 1904, .... 



$ 5,3 11. 33 



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, 

Reduction in book values of securities, 

All other disbursements, 



Total disbursements, 
Balance, 



Mortgages, .... 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 



Ledger Assets. 



$89,765 77 

$33,341 55 

7,295 18 
217 25 

472 00 



$41,325 98 


166,140 


19 


$207,466 


17 


$10,624 


20 


14,445 


96 


5,038 


67 


4,917 


45 


270 


00 


422 


53 


1,685 


00 


1,363 


62 


$38,767 43 


$168,698 


74 


$38,400 00 


123,184 75 


4,051 


21 


3,062 


78 



Total ledger assets, $168,698 74 

2,413 46 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $932.30 ; bonds, $1,222.66 ; other assets, $258.50, . 



Gross assets, 



Assets not admitted. 

Agents' balances over three months due, . 
Book value of stocks and bonds over market value, . 
Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Due for return premiums, 

All liabilities, except surplus, . . . . 



$10 62 
297 00 



$171,112 20 



307 62 



$170,804 58 



$58,710 37 

2,316 77 

215 33 

$61,242 47 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



21 



Surplus, $109,562 11 

Total liabilities, . 1170,804 58 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

$7,224,426 00 
2,214,879 00 

$9,439,305 00 
1,964,730 00 



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

1111,131 71 $111,131 71 

35,530 03 35,530 03 



$146,661 74 $146,661 74 
32,144 17 32,144 17 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 25, 50 and 70 per cent. 



,474,575 00 $114,517 57 $114,517 57 

$10,624 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
50 shares Atchison, Topeka & Santa Fe, common, 
78 " Atchison, Topeka & Santa Fe, preferred, 
50 " Union Pacific, preferred, 

Bank Stocks. 
12 shares Dedham National, 

Miscellaneous Stocks. 
32 shares Dedham "Water Co., .... 

Municipal Bonds. 

Boston, Mass., 4s, 1921, 

Lynn, Mass., 4s, 1919, 

Salem, Mass., 4s,1914, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 
Atchison, Topeka & Santa Fe adjustment, 1995, 
Boston & Albany 3^s, 1952, . 
Boston & Lowell 4s, 1932, 
Boston & Maine 4s, 1937, 
Boston & Maine 4is, 1944, 
Eastern 6s, 1906, . 
Fitchburg 4s, 1915, 

Kansas City, St. Jos. & Council Bluffs 7s, 1907, 
Newport & Richford 5s, 1911, 
N. Y , New Haven & Hartford 4s, 1914, 
N. Y., New Haven & Hartford 4s, 1947, 
N. Y., New Haven & Hartford 3is, 1954, 

Old Colony 3^8, 1932, 

Philadelphia & Reading 7s, 1911, . 

St. Johnshury & Lake Champlain 5s, 1944, . 

Union Pacific 4s, 1947 

West End Street 4s, 1916, .... 



Book Value. 


Rate. 


Market Value. 


$4,400 00 


89 


$4,450 00 


8,112 00 


105 


8,190 00 


4,900 00 


99^ 


4,975 00 


1,320 00 


110 


1,320 00 


3,584 00 


112 


3,584 00 


2,120 00 


105£ 


2,117 50 


3,180 00 


105^ 


3,157 50 


3,120 00 


1031 


3,105 00 


8,080 00 


101J 
93f> 


8,150 00 


3,720 00 


3,740 00 


6,000 00 


99 


5,940 00 


11,660 00 


105^ 


11,632 50 


4,240 00 


106^ 


4,270 00 


6,960 00 


116| 


6,997 50 


1,010 00 


1011 


1,012 50 


5,150 00 


1011 


5,075 00 


2,060 00 


103 


2,060 00 


8,400 00 


103* 


8,280 00 


4,088 75 


101 


4,040 00 


5,325 00 


105* 


5,275 00 


1,900 00 


95 


1,900 00 


5,000 00 


98 


4,900 00 


5,750 00 


114 


5,700 00 


7,380 00 


122 


7,320 00 


3,657 50 


104| 
101?, 


3,666 25 


2,067 50 


2,030 00 


$123,184 75 


$122,887 75 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

Incorporated February, 1855. Commenced business July, 1855. 



THOMAS F. TEMPLE, President. 



Amount of permanent fund, 



Office, Neponset. 



Wm. I). C CURTIS, Secretary. 
. $200,000 00 



Income. 

Net premiums, $250,672.56; extra premiums, 81,414.19, . . $252,086 75 

Interest on mortgage loans, $1,860 ; stocks and bonds, f 13,970.66, . 15,830 66 



22 DORCHESTER MUTUAL FIRE INSURANCE CO. 

Rents, including company's own occupancy, $1,298 75 

Total income, $269,216 16 

Ledger assets, Dec. 31, 1904, 356,300 11 

Total, $625,516 27 

Disbursements. 

Net amount paid for losses, $125,064 09 

Profits on terminated policies, 79,872 90 

Commissions or brokerage, 38,813 17 

Salaries, fees, etc., of officers and employees, 12,531 02 

Rents, including company's own occupancy, 800 00 

Repairs and expenses on real estate, 1,006 85 

Real estate taxes, $450; other taxes and fees, $5,187.16, . . . 5,637 16 

Printing 1,718 54 

Advertising, 3,813 70 

Postage, 974 52 

Fuel and express, 325 00 

Inspection of risks, 399 85 

All other disbursements, 389 30 

Total disbursements, $271,346 10 

Balance, $354,170 17 

Ledger Assets. 

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

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

Cash in banks, 21,949 85 

Agents' balances, 23,297 12 

Total ledger assets, $354,170 17 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $770.25 ; stocks and bonds, $716, .... 1,486 25 

Market value of stocks and bonds over book value, .... 132,028 30 

Personal property in halls, offices and dwellings, .... 2,000 00 

Gross assets, $489,684 72 

Assets not admitted. 

Dividends not declared or guaranteed, . . . $650 00 

Personal property in halls, offices and dwellings, . 2,000 00 

Total unadmitted assets, $2,650 00 

Total admitted assets, $487,034 72 

Liabilities. 

Unpaid losses , $7,200 00 

Unearned premiums on outstanding risks, 356,767 84 

Dividends due policy holders, 4,100 00 

All liabilities, except surplus, $368,067 84 

Surplus, 118,966 88 

Total liabilities, . $487,034 72 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 



23 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $37,809,999 00 
. 15,325,145 00 

. $53,135,144 00 
. 12,418,469 00 



Cash Prem's. 

$627,581 17 
257,962 38 

$885,543 55 
205,358 47 



Conting't Prem's. 

$627,581 17 
257,962 38 

$885,543 55 
205,358 47 



$40,716,675 00 $680,185 08 $680,185 08 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 



$122,764 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
304 shares Boston & Albany, 

56 " Boston & Lowell, . 

75 " Boston & Maine, . 
273 " Old Colony 

Bank Stocks. 
67 shares Blue Hill National, Milton, 
315 " Internationa] Trust Co., Boston, 
10 " Mt. Wollaston National, Quincy, 

5 " National Granite, Quincy, 
10 " New England National, Boston, 
29 " State National, Boston, 
5 " "Weymouth National, 

Miscellaneous Stocks. 
250 shares American Tel. & Tel. Co., . 
50 " American Woolen Co., preferred, 

Railroad Bonds. 
Chicago, Burlington & Quincy (Neb. Ext.) 4s, 1927, . | 
North'n Pac.-Gt. Nor'n Jt. (C, B.&Q.Coll.) 4s, 1921, ( 

Miscellaneous Bonds. 
United Lead Co. 5s, 1943, 



Book Value. 


Kate. 


Market Value. 


$39,758 59 

7,378 57 

10,856 07 

37,430 02 


2541 
24r 
172 

208 


$77,368 00 
13,496 00 
12,900 00 
56,784 00 


7,642 50 

59,688 06 

1,400 00 

650 00 
1,402 50 
4,125 00 

600 00 


130 
400 
120 
150 
140 
154 
110 


8,710 00 

126,000 00 

1,200 00 

750 00 
1,400 00 
4,466 00 

550 00 


33,692 50 
3,500 00 


138 
106 


35,190 00 
5,300 00 


17,559 09 j 


1051 
99| 


10,550 00 
9,987 50 


16,540 30 


80 


9,600 00 


$242,223 20 


$374,251 50 



FALL RIVER MANUFACTURERS' 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, 

Interest on bonds, $19,157.83 ; all other, $1,042.54, . 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$518,906 88 

20,200 37 

375 00 

$539,482 25 
510,681 50 



Total, $1,050,163 75 

Disbursements. 






Net amount paid for losses, 

Profits on terminated policies, . 

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

Rents, 

Taxes and fees, 

Premiums on bonds purchased, . 



$21,601 06 

456,989 91 

11,429 94 

898 50 

5,480 59 

4,613 89 



24 



FALL RIVER MANUFACTURERS MUTUAL INSURANCE CO. 



Inspections, etc., 

All other disbursements, 



17,701 41 
1,598 91 



Total disbursements, $510,314 21 

Balance, $539,849 54 

Ledger Assets. 



Bonds (Schedule A), 

Cash in banks and office, 

Premiums in course of collection, . 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On bonds, $6,900; other assets, $110.18, . 
Market value of bonds over book value, . 



Gross assets, 



$499,032 75 

31,670 64 

9,146 15 

$539,849 54 



7,010 18 
10,986 00 

$557,845 72 



Liabilities. 
Unpaid losses, ... . 
Unearned premiums on outstanding risks, 
Taxes accrued, 



$4,867 57 

256,068 76 

1,431 54 

$262,367 87 

295,477 85 

Total liabilities, $557,845 72 



All liabilities, except surplus, 
Surplus, 



Risks and Premiums. 



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

,167,457 00 $484,184 65 $2,420,923 25 
68,506,842 00 540,589 51 2,702,947 55 



$128,674,299 00 $1,024,774 16 $5,123,870 80 
. 63,952,765 00 512,636 64 2,563,183 20 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total, 

Risks expired and terminated, . 

In force at end of year, . , 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 93.228 per cent. 

Schedule A. Bonds owned by the Company. 



.$64,721,534 00 $512,137 52 $2,560,687 60 



$25,634 00 



Municipal Bonds. 
Boston, Mass., 4s, 1913, .... 
Taunton, Mass., 4s, 1922, 

Cleveland, O., 4s, 1923 

Newport, R. I., 4s, 1923, . . . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 
Boston & Lowell 4s, 1907, 
Boston & Lowell 4s, 1909, 
Boston & Maine 4s, 1942, 
Boston & Providence 4s, 1918, 
Canada Southern 5s, 1908, 
Chic, Burlington & Quincy (Neb. Ext.) 4s, 1927 
Concord & Montreal 4s, 1920, 
Lake Shore & Mich. Southern 4s, 1928, 
Long Island 4s, 1949, .... 
N. Y. Central & Hudson River 4s, 1934, 
No. Pac.-Gt. Northern (C..B.& Q) joint 4s, 1921, 
Old Colony 4s, 1938, . . . ' . 



Book Value. 

$40,000 00 
15,000 00 
25,000 00 
20,000 00 

19,897 50 
20,000 00 
10,000 00 
10,000 00 
20,00000 
5,000 00 
15,000 00 
15,000 00 
29,850 00 
19,850 00 
14,875 00 
19,539 00 
30,900 00 



Kate. 
103| 
106J 
103J 
106^ 

1012 

100 
100£ 
107 
104 
101 
105i 
102" 
99* 
99| 
99f 
99£ 
1061 



Market Value. 

$41,250 00 

15,918 75 

25,781 25 

21,275 00 

20,375 00 
20,000 00 
10,025 00 
10,700 00 
20,800 00 
5,050 00 
15,825 00 
15,300 00 
29,850 00 
19,900 00 
14,962 50 
19,975 00 
31,875 00 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



25 



Phila., Wilmington & Baltimore 4s, 1932, 
Pitts., Bessemer & Lake Erie 5s, 1947, . 
Union Pacific 4s, 1947, .... 
West End Street 4£s, 1914, . 
West End Street 4s, 1915, 
West End Street 4s, 1917, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
American Telephone & Telegraph Co. 5s, 1907, 



Book Value. 


Rate. 


Market Value. 


$19,800 00 
22,040 00 
20,675 00 
36,625 00 
20,600 00 
14,906 25 


103 
117 

104^ 
104;1 

10H 
101| 


$20,600 00 
23,400 00 
20,950 00 
36,487 50 
20,300 00 
15,243 75 


14,475 00 
20,000 00 


94 h 
100' 


14,175 00 

20,000 00 


$499,032 75 


$510,018 75 



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, $111,580.09 ; extra premiums, $767.40, . 
Interest on mortgage loans, $1,769.46; collaterals, $640; stocks 

and bonds, $3,780.21, 

Rents, including company's own occupancy, 

Dividends and return premiums on reinsurance, .... 

Total income, 

Ledger assets, Dec. 31, 1904, 



$112,347 49 

6,189 67 
4,994 50 
1,349 25 

$124,880 91 
192,053 28 



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, $977.91 ; other taxes and fees, 
Reduction in book value of real estate, 
All other disbursements, 

Total disbursements, 



[,927.98, 



Balance, 



Ledger Assets 
Real estate, $67,000 ; mortgages. $28,225, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 

Corporation loan, 

Agents' balances, 



Total ledger assets, 



$316,934 


19 


$37,873 


25 


34,438 


12 


17,174 


01 


8,345 


36 


1,200 


00 


3,463 


67 


2,905 


89 


2,000 


00 


8,109 


50 


$115,509 80 


$201,424 


39 


$95,225 


00 


12,800 


00 


69,022 


75 


8,752 


29 


5,000 00 


10,624 


35 


$201,424 39 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,163.30; stocks and bonds, $873.48 ; collateral 

loans, $122.99, 

Rents due on company's property, 



2,159 77 
157 00 



26 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



Market value of stocks and bonds over book value, . 

Gross assets, 

Liabilities. 
Unpaid losses, $ 5, 193. 24 ; less reinsurance, $155.55, 
Unearned premiums on outstanding risks, 
Interest due or accrued, 
Dividends due policy holders, 

Taxes, 

Due for reinsurance premiums, 
Borrowed money, 

All liabilities, except surplus, 
Surplus, 



$12,584 75 
$216,325 91 



$5,037 69 

143,465 22 

108 85 

5,039 79 

753 80 

423 86 

20,450 00 

$175,279 21 

41,046 70 



Total liabilities, $216,325 91 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

$19,845,116 00 
8,109,307 00 

$27,954,423 00 
7,467,298 00 

$20,487,125 00 
705,496 00 



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

$277,205 15 $277,205 15 
120,418 46 120,418 46 



$397,623 61 $397,623 61 
112,896 89 112,896 89 



$284,726 72 $284,726 72 
11,222 12 



.$19,781,629 00 $273,504 60 



Miscellaneous. 

Losses incurred during the year, 

Profits and surplus returned during 1905, 20, 40 and 50 per cent. 

Schedule A. Securities held as Collateral. 



40 shares Simonds Manufacturing Co., 
40 " Simonds Manufacturing Co., 
50 " Grant Yarn Co., 
Fitchhurg Savings Bank hook, 



Company's 
Market Value. 

$6,000 00 
6,000 00 
7,500 00 
1,659 00 



$40,784 00 



Loaned 
Thereon. 

$3,200 00 
3,000 00 
5,000 00 
1,600 00 



$21,159 00 $12,800 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
10 shares Boston & Maine, .... 
70 " Fitchhurg, preferred, 
50 " N. Y., New Haven & Hartford, . 

Bank Stocks. 
10 shares Fitchhurg National, 
20 " Rollstone National, Fitchhurg, 
15 " Springfield Safe Deposit & Trust Co., 

Miscellaneous Stocks. 
40 shares American Tel. & Tel. Co., 

25 " Lowell Gas Light Co 

50 " The Pullman Co., . 

Railroad Bonds. 

Fitchhurg 4s, 1907, 

Fitchhurg & Leominster Street 5s, 1917, 
Northern Pacific 4s, 1997, .... 
Southern Pacific 6s, 1911, .... 



Book Value. 

$2,000 00 
7,930 00 
7,340 50 

1,000 00 
2,000 00 
1,500 00 

5,153 75 
5,476 00 
7,875 00 

5,012 50 

5,000 00 

10,450 00 

3,247 50 



Rate. 
172 
142J 
196| 

145 
130 

200 

138 
250 
245 

100 
107 
104J 
108.1 



Market Value. 

$1,720 00 

9,975 00 

9,812 50 

1,450 00 
2,600 00 
3,000 00 

5,520 00 

6,250 00 

12,250 00 

5,000 00 

5,350 00 

10,425 00 

3,255 00 



GROVELAND MUTUAL FIRE INSURANCE CO. 27 

Miscellaneous Bonds. Book Value. Rate. Market Value. 

American Tel. & Tel. Co. 5s, 1907, .... $5,037 50 100 $5,000 00 

$69,022 75 $81,607 50 

GROVELAND MUTUAL FIRE INSURANCE COMPANY, GROVELAND. 

Incorporated March 8, 1828. Commenced business March 28, 1828. 
EDWARD HARRINGTON, President. LOUIS A. WOODBURY, Secretary. 

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

Income. 

Policy fees, $330 00 

Assessments, 5,859 40 

Borrowed money, 1,853 00 

Total income, $8,042 40 

Ledger assets, Dec. 31, 1904, 182 32 

Total $8,224 72 

Disbursements. 

Net amount paid for losses, $1,877 20 

Salaries, fees, etc., of officers and employees, 983 08 

Rents, 50 00 

Taxes and fees, 55 31 

Borrowed money repaid, . 4,053 00 

Interest, . 215 50 

All other disbursements, 142 40 

Total disbursements, $7,376 49 

Balance, $848 23 

Ledger Assets. 

Cash in banks and office, $848 23 

Non-Ledger Assets. 

Furniture, fixtures and safes, 195 00 

Gross assets, $1,043 23 

Assets not admitted. 

Furniture, fixtures and safes, . . . ... . . . 195 00 

Total admitted assets, $848 23 

Liabilities 

Salaries and other miscellaneous expenses, due or accrued, . . $245 00 

Risks and Premiums. 

Amount. Conting' t Prem's. 

Risks outstanding Dec. 31, 1904, .... $1,717,75200 $139,29666 

Risks written during 1905, 424,609 00 33,802 68 

Total $2,142,361 00 $173,099 34 

Risks expired and terminated, 408,589 00 32,561 35 

In force at end of year, $1,733,772 00 $140,537 99 



28 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, 



$1,877 00 
5,859 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, $16,224.66; extra premiums, $23.05, . . . $16,247 71 
Interest on mortgage loans, $1,240; stocks and bonds, $1,115; all 

other, $105.68 2,460 68 

Total income, $18,708 39 

Ledger assets, Dec. 31, 1904, 46,636 08 

Total, ■ . $65,344 47 

Disbursements. 

Net amount paid for losses, $7,053 79 

Profits on terminated policies, 6,352 80 

Commissions or brokerage, 2,074 56 

Salaries, fees, etc , of officers and employees, 1,750 75 

Rents 150 00 

Taxes and fees, 150 30 

All other disbursements, 505 66 

Total disbursements, $18,037 86 

Balance, $47,306 61 

Ledger Assets. 

Mortgages, . $24,800 00 

Stocks and bonds (Schedule A), 17,697 60 

Cash in banks and office, 4,475 31 

Agents' balances, . . . 333 70 

Total ledger assets, $47,306 61 

Non-Ledger Assets. 

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

*28.20? 862 75 

Market value of stocks and bonds over book value, .... 12,892 40 

Gross assets, $61,061 76 

Liabilities. 

Unearned premiums on outstanding risks, ...... $29,166 52 

Dividends due policy holders, 273 53 

Salaries and other miscellaneous expenses, due or accrued, . . 32 20 

All liabilities, except surplus, $29,472 25 

Surplus, 31,589 51 

Total liabilities, $61,061 76 



HINGHAM MUTUAL FIRE INSURANCE CO. 



29 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

$3,757,088 00 
1,039,874 00 

$4,796,962 00 
995,650 00 



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

$57,762 07 $57,762 07 
16,675 25 16,675 25 



$74,437 32 
16,022 38 



(,801,312 00 $58,414 94 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 50 per cent. 



$74,437 32 
16,022 38 



,414 94 
,054 00 



Schedule A. Stocks and Bonds owned by the Company. 

Book Value. Kate. Market Value. 

63 shares Connecticut River R.R., 
10 " Northampton National Bank, 
Northern Pacific-Great Northern R.R. 4s, 1921, 
Pennsylvania Steel equipment 3ls, 1907, 
West End Street Railway Co. 4s", 1932, 



$6,650 00 


295 


$18,585 00 


1,100 00 


200 


2,000 00 


6,000 00 


991 


5,992 50 


2,885 10 


99 


2,970 00 


1,062 50 


104£ 


1,042 50 


$17,697 60 


$30,590 00 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

Incorporated March 4, 1826. Commenced business Sept. 1, 1826. 
FRANCIS H. LINCOLN, President. HENRY W. CUSHING, Secretary. 

Amount of permanent fund, $193,042 98 



Income. 

Net premiums, $85,236.26 ; extra premiums, $1,252.51, . 

Interest on mortgage loans, $4,972.50; collaterals, $1,975; stocks 

and bonds, $6,872.50 ; all other, $268.73, 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1904, 

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, $348.64 ; other taxes and fees, $869.65 

Loss on sale or maturity of ledger assets, . 

Accrued interest on bonds purchased, 

All other disbursements, 



Total disbursements, 
Balance, 



,488 77 



14,088 73 

1,309 00 

18 75 

17 04 

$101,922 29 

319,832 72 

$421,755 01 



$45,859 76 

40,679 50 

12,777 41 

6,850 15 

700 00 

89 80 

1,218 29 

900 00 

257 13 

3,946 71 

$113,278 75 

$308,476 26 



30 



HINGHAM MUTUAL FIKE INSURANCE 00. 



Ledger Assets. 
Real estate, $ 19,700 ; mortgages, $87,375, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, . 
Loan to corporation, .... 
Agents 1 balances, .... 

Total ledger assets, 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $820.85 ; bonds, $1,827.50 ; collateral loans, $343. 75 ; 

other assets, $28, 

Rents accrued on company's property, 

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



Gross assets, 



$107,075 00 

10,000 00 

160,518 75 

2,916 89 

25,000 00 

2,965 62 

$308,476 26 



3,020 10 

50 00 

26,313 50 

$337,859 86 



Liabilities. 

Unpaid losses (resisted), 

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

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



8300 00 

198,286 07 

1,523 82 

$200,109 89 
137,749 97 

$337,859 86 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 



Risks and Premiums. 

Amount. 

. $27,136,653 00 
. 5,793,554 00 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$32,930,207 00 
5,531,012 00 

$27,399,195 00 
8,650 00 



Cash Prem'8. Conting't Prem's. 

$406,994 96 $406,994 96 
90,196 71 90,196 71 



$497,191 67 $497,191 67 
83,850 66 83,850 66 



$413,341 01 $413,341 01 
147 83 



. $27,390,545 00 $413,193 18 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 

Schedule A. Securities held as Collateral. 



$42,758' 00 



50 shares General Electric Co., common, 

50 " Atchison, Topeka & Santa Fe R.R., common, 



Company's 
Market Value. 

$8,850 00 I 
4,400 00 ( 



Loaned 
Thereon. 

$10,000 00 



$13,250 00 $10,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
109 shares Boston & Albany, 
40 " Boston Elevated, . 
92 " Old Colony, . 
25 " Union Pacific, preferred, 



Book Value. 

$10,900 00 

5,900 00 

9,200 00 

2,500 00 



Rate. Market Value. 

254* $27,740 50 

156" 6,240 00 

208 19,136 00 

994 2,487 50 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



31 



Bank Stocks. • 

8 shares Abington National, 
30 " Hingham National, 

11 " National Bank of Commerce, Boston, 

12 " National Union, Boston, 
60 " Old Colony National, Plymouth, . 
22 " Webster-Atlas National, Boston, . 

Miscellaneous Stocks. 
200 shares Helena Water Works, . 
62 " Hingham Water Co., . 
50 " United Shoe Machinery Corporation, 

Municipal Bonds. 

Chicago, 111., 4s, 1923, 

Railroad Bonds. 
Chicago, Burlington & Quincy 3^s, 1949, 

Eastern 6s, 1906, 

Illinois Central 4s, 1952, .... 
Lake Shore & Michigan Southern 4s, 1928, . 
No. Pac.-Gt. Northern (C. B. & Q. Coll.) 4s, 1921 
Union Pacific 4s, 1947, 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 4s, 1929, 
American Tel. & Tel. Co. notes, 5s, 1907, . 
Helena Water Works, ..... 
Hingham Water Co. 5s, 1923, 
Hingham Water Co. 5s, 1925, 



Book Value. 


Rate. 


Market Value. 


$800 00 
3,000 00 
1,100 00 
1,200 00 
6,000 00 
2,480 00 


100 

102| 

155 

180 

110 

146 


$800 00 
3,067 50 
1,705 00 
2,160 00 
6,600 00 
3,212 00 


200 00 
6,200 00 
1,525 00 


120 
126 


7,440 00 
1,575 00 


5,193 75 


103| 


5,187 50 


9,612 50 

5,000 00 

20,000 00 

10,037 50 

L, . 7,000 00 

5,000 00 


94| 
101^ 
105i 

99| 

"I 
104| 


9,475 00 
5,062 50 
21,100 00 
9,950 00 
6,991 25 
5,237 50 


16,580 00 
6,090 00 

14,000 00 
5,000 00 
6,000 00 


941 
100^ 

40 
100 
100 


16,065 00 
6,000 00 
8,600 00 
5,000 00 
6,000 00 


$160,518 75 


$186,832 25 



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 Dec. SI, 1904, 

Increase during the year, 

Permanent fund Dec. 31, 1905, 

Income. 

Net premiums, 

Interest on mortgage loans, $2,776.25; bonds, $34,992.78; all 

other, $381.38 

Rents, including company's own occupancy, 

Profit on sale or maturity of ledger assets, ..... 
Dividends on reinsurance, 

Total income, * 

Ledger assets, Dec. 31, 1904, 



$525,000 00 
32,878 69 

$557,878 69 

1158,167 99 

38,150 41 

4,750 00 

2,149 90 

954 92 

$204,173 22 
852,005 88 



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, $645.59 ; other taxes and fees, $1,926.32, 
Deposit in Exchange Nat'l Bank, Salem (insolvent), charged off, 
Premiums on bonds purchased, 



1,056,179 


10 


$44,343 


25 


62,516 


19 


24,044 


50 


20,904 


99 


1,500 


00 


1,541 


35 


2,571 


91 


1,400 


00 


555 


60 



32 HOLYOKE MUTUAL FIRE INSURANCE CO. 

Dividends on guaranty capital, . . .* $7,000 00 

All other disbursements, 8,371 83 



Total disbursements, $174,749 62 



Balance, $881,429 48 

Ledger Assets. 

Real estate, $45,000 ; mortgages, $56,000, $101,000 00 

Stocks and bonds (Schedule A), 745,164 00 

Cash in banks and office, . 17,504 82 

Agents' balances, 17,760 66 



Total ledger assets, $881,429 48 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $469.01 ; bonds, $9,222.50; other assets, $267.79, . 9,959 30 

Rents accrued on company's property, 805 00 

Market value of stocks and bonds over book value, .... 88,364 64 



Gross assets, $980,558 42 

Liabilities. 

Unpaid losses, $1,285.21 ; less reinsurance, $6.25, .... $1,27896 

Unearned premiums on outstanding risks, 288,315 76 

Dividends due policy holders, 11,316 88 

Due for return premiums, 1,362 03 



All liabilities, except guaranty capital and surplus, . . . $302,273 63 

Guaranty capital, 100,000 00 

Surplus over guaranty capital and general liabilities, . . . 578,284 79 

Total liabilities, $980,558 42 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, . $39,154,797 00 $566,922 02 $566,922 02 

Risks written during 1905, . . . 11,643,83100 171,757 98 171,757 98 



Total, $50,798,628 00 $738,680 00 $738,680 00 

Risks expired and terminated, . . 10,481,737 00 152,632 80 152,632 80 



In force at end of year, . . .$40,316,89100 $586,047 20 $586,047 20 
Amount reinsured, .... 1,084,504 00 17,327 31 



Net amount in force, . . .$39,232,387 00 $568,719 89 

Miscellaneous. 

Losses incurred during the year, $44,890 00 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

50 shares Boston & Maine $5,000 00 172 $8,600 00 



55 

31 

100 

162 

25 



New York, New Haven & Hartford, 

Old Colony 

Pittsburg, Ft. Wayne & Chicago, 

Union Pacific, preferred, 

West End Street, .... 



5,500 00 196:| 10,793 75 

3,100 00 208 6,448 00 

10,000 00 1824 18,250 00 

16,200 00 99i 16,119 00 

1,250 00 199" 2,487 50 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



33 



Bank Stocks. 

30 shares Atlantic National, Boston, . 
10 " Beverly National, 
10 " First National, Salem (liquidating) , 

31 " Freeman's National, Boston, 
35 " Mercantile National, Salem, 

100 " Merchants' National, Boston, 

10 " Merchants' National, Salem, 

20 " Naumkeag National, Salem, 

50 " National Bank of Republic, Boston, 

93 " Salem National, . . 

100 " Second National, Boston, 

10 " National Shawmut, Boston, 

Miscellaneous Stocks. 
20 shares H. B. Claflin Co., N. Y., first preferred, 
10 " Colorado Mining Exchange, . 
15 " Edison Elec. Ilium. Co., Boston, 

County and Municipal Bonds. 
Allen County, Indiana, 4s, 1909, . 
Marion County, Indiana, 5s, 1908, 
Wayne County, Michigan, 4s, 1910, 
Province of Quebec, Can., 5s, 1908, 
Evansville, Ind., 4|s, 1912, . 
Boston, Mass., 3|s, "1928, 
Cambridge, Mass., 4s, 1924, . 
Everett, Mass., notes, 4s, 1923, 
Lawrence, Mass., 4s, 1923, 
Lynn, Mass., 4s, 1918, . 
Maiden, Mass., 4s, 1907, 
Salem, Mass , 3*s, 1917, . 
Salem, Mass., 3fs, 1918, . 
St. Paul, Minn.; 5s, 1913, 
St. Paul, Minn., 4*s, 1917, 
St. Paul, Minn., 4is, 1918, . 
Jersey City, N. J., 5s, 1916, . 
Jersey City, N. J., 5s, 1922, . 
Orange, N. J., 5s, 1920, . 
Cleveland, O., 5s, 1906, . 
Columbus, O., 5s, 1910, . 
Johnston, R.I., 4s, 1907, 
Pawtucket, R. I., 4s, 1923, . 
Pawtucket, R. I., 4s, 1944, . 
Woonsocket, R. I., 4s, 1923, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mortgage 4s, 1995, 
Baltimore & Ohio prior lien 3^s, 1925, 
Baltimore & Ohio 4s, 1948, . 
Boston & Lowell 4s, 1906, 
Boston & Lowell 4s, 1918, 
Burlington & Mo. River in Nebraska 4s, 1910, 
Canada Southern 5s, 1908, 
Central New Jersey 5s, 1987, . 
Central Pacific 1st ref. 4s, 1949, 
Central Pacific 3*s, 1929, 
Central Vermont"4s, 1920, 
Chesapeake & Ohio 6s, 1908, . 
Chicago, Burlington & Quincy 5s, 1913, 
Chicago & Eastern Illinois 6s, 1907, 
Chicago & Western Indiana 6s, 1932, 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Cleveland Electric 5s, 1913, . 
Cleveland, Lorain & Wheeling 5s, 1933 
Delaware & Hudson Canal 7s, 1917, 
Erie (Pennsylvania Collateral) 4s, 1951 
Erie & Pittsburg 3£s, 1940, 
Fitchburg 4s, 1916, 
Hocking Valley 4*s, 1908, 
Housatonic 5s, 1937, 
Illinois Central 4s, 1950, 
Illinois Central 3£s, 1952, 
Kan. City, Ft. Scott & Memphis 6s, 1928, 
Kan. City, St. Jos. & Council Bluff 7s, 1907, 





Book Value. 


Rate. 


Market Value. 


. 


136 


$4,080 00 




1,000 00 


150 


1,500 00 




500 00 


25 


125 00 




3,100 00 


105i 


3,262 75 




3,500 00 


102 


3,570 00 




10,000 00 


210 


21,000 00 




500 00 


156| 


783 75 




2,000 00 


156| 


3,135 00 




5,000 00 


163 


8,150 00 




9,300 00 


80 


7,440 00 




10,000 00 


217 


21,700 00 




1,000 00 


268 


2,680 00 


1, 


2,000 00 


96 


1,920 00 




10,000 00 


85 


8,500 00 




1,500 00 


243 


3,645 00 




10,000 00 


100 


10,000 00 




5,000 00 


1021 


5,125 00 




10,000 00 


102" 


10,200 00 




7,000 00 


103 


7,210 00 




6,000 00 


103 


6,180 00 




5,000 00 


100 


5,000 00 




5,000 00 


110} 


5,512 50 




5,214 00 


106| 


5,546 39 




5,000 00 


106§ 


5,318 75 




8,000 00 


1041 


8,390 00 




10,000 00 


100 


10,000 00 




3,000 00 


100 


3,000 00 




2,000 00 


100 


2,000 00 




10,000 00 


107f 


10,775 00 




5,000 00 


108 


5,400 00 




10,000 00 


109 


10,900 00 




5,000 00 


109 


5,450 00 




3,000 00 


113 


3,390 00 




10,000 00 


113* 


11,350 00 




8,000 00 


100" 


8,000 00 




10,000 00 


106 


10,600 00 




5,000 00 


100 


5,000 00 




10,000 00 


102* 


10,250 00 




5,000 00 


106" 


5,300 00 




5,000 00 


103 


5,150 00 


L995, 


14,000 00 


101? 


14,262 50 




10,500 00 


94} 


9,896 25 




1,500 00 


1021 


1,537 50 




1,000 00 


100" 


1,000 00 




5,000 00 


1021 


5,125 00 




10,000 00 


991 


9,950 00 




5,000 00 


101" 


5,050 00 




7,000 00 


1311 


9,222 50 




3,000 00 


99* 


2,985 00 




500 00 


87" 


435 00 




2,000 00 


90 


1,800 00 




10,000 00 


103$ 


10,337 50 




10,000 00 


1051 


10,550 00 




5,000 00 


103" 


5,150 00 




8,000 00 


1131 


9,080 00 




10,000 00 


111" 


11,100 00 




2,000 00 


102 


2,040 00 




15,000 00 


114 


17,100 00 




5,000 00 


131 


6,550 00 




5,000 00 


93 


4,650 00 




5,000 00 


97 


4,850 00 




10,000 00 


1011 


10,150 00 




5,000 00 


100" 


5,000 00 




10,000 00 


122 


12,200 00 




3,000 00 


104 .1 


3,135 00 




5,000 00 


94" 


4,700 00 




13,000 00 


121 


15,730 00 




5,000 00 


103 


5,150 00 



34 



INDUSTRIAL MUTUAL INSURANCE CO, 



Lake Shore & Michigan Southern 4s, 1928, 

Lehigh Valley 6s, 1923, .... 

Long Island guar. ref. 4s, 1949, 

Massachusetts Electric 4k, 1906, . 

Me. Cent. (European & No. American Branch) 4s, 1933 

Narragansett Pier 4s, 1916, 

New England 5s, 1945, . 

New Haven & Derby 5s, 1918, 

N. Y. Cent. & Hudson River 3£s, 1997, 

N. Y.Cent. & H. River (MichTCen. Coll.) 3*s, 1998, 

N. Y. Cent. & Hudson River (Lake Sh. Coll.) 3^s, 1998 

New York, Ontario & Western 4s, 1992, 

Northern Pacific-Great Northern 4s, 1921, 

North Western Union 7s, 1917, 

Norwich & Worcester 4s, 1927, 

Old Colony 4s, 1924, 

Old Colony 4s, 1925, 

Oregon Short Line 4s, 1929, . 

Pennsylvania Co. 3-|s, 1916, . 

Pennsylvania Steel Equipment Trust 3|s, 1911, 

Pennsylvania Steel Equipment Trust 3*s, 1912, 

Peoria & North Western 3*s, 1926, 

Princeton & North Western 3*s, 1926, 

Richmond-Washington 4s, 1943, . 

Schenectady 4*s, 1941, . 

Seattle Electric 5s, 1930, 

St. Paul, Minneapolis & Manitoba 4^s, 1933, 

Terminal Railroad Asso. of St. Louis 4|s, 1939, 

Terre Haute & South Eastern 7s, 1909, . 

Third Avenue, N. Y., 4s, 2000, 

Union Pacific 4s, 1947, 

Union Pacific 4s, 1911 

West End Street 4s, 1915, .... 

Miscellaneous Bo?ids. 
American Cotton Oil Co. 4*s, 1915, 
American Mail Steamship Co. 6s, 06-8, 
American Telephone & Telegraph Co. 4s, 1929, 
Boston Building, Denver, Col., 6s, 1908, 
Clinton Water Works Co., Clinton, la., 5s, 1939, 
Hudson River Power Transmission Co. 5s, 1928, 
Keokuk Water Works Co., Keokuk, la., 6s, 1907, 
Salem Electric Lighting Co. 4s, 1911, 
Western Union Telegraph Co. 5s, 1938, 
Woousocket Electric Machine & Power Co. 4|s, 1943, 



Book Value. 

$5,000 00 
5,000 00 
5,000 00 
5,000 00 
4,000 00 

10,000 00 

25,000 00 

20,000 00 
3,000 00 
3,000 00 
5,000 00 

20,000 00 
5,000 00 
8,000 00 
5,000 00 

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

12,000 00 
6,000 00 
5,000 00 
2,000 00 

22,500 00 
5,000 00 
3,000 00 

10,000 00 
1,500 00 
5,000 00 

10,000 00 
5,000 00 
2,000 00 

10,000 00 
2,000 00 
5,000 00 
3,000 00 

$745,164 00 



Kate. Market Value. 

991 
125 
100* 
100 " 
104 
102* 
127l 
109 

98* 

88* 

•88* 
101 

99£ 
1281 
106 
104 
104 

95£ 

97 

96 

97| 



95f 
103| 
107 
106* 
111! 
108t 
104i 

92 

104| 
149* 
101* 



96 
100 

941 
100 

95 
100 

95 

95 
106* 

95" 



$4,975 00 
6,250 00 
5,025 00 
5,000 00 
4,160 00 

10,250 00 

31,875 00 

21,800 00 
2,943 75 
2,655 00 
4,425 00 

20,200 00 
4,993 75 

10,260 00 
5,300 00 

10,400 00 
5,200 00 
4,756 25 
970 00 
960 00 
3,890 00 
7,660 00 
5,745 00 
5,162 50 
5,350 00 
2,130 00 

13,410 00 
6,517 50 
5,212 50 
1,840 00 

23,568 75 
7,475 00 
3,045 00 

9,600 00 
1,500 00 
4,725 00 
10,000 00 
4 750 00 
2,000 00 
9,500 00 
1,900 00 
5,325 00 
2,850 00 

$833,528 64 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

^Incorporated April 17, 1890. Commenced business June 1, 1890. 
CHARLES T. PLUNKETT, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 



Income. 

Net premiums, 

Interest on bonds, $6,435 ; all other, $598.55, 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, .... 

Inspections, ........ 

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



$304,855 89 
7,033 55 

$311,889 44 
172,973 51 

$484,862 95 



$17,821 32 

208,681 81 

2,953 69 

11,314 63 



INDUSTRIAL MUTUAL INSURANCE CO. 



35 



Taxes and fees, . 
Bond premium, . 
All other disbursements, 



$3,635 60 

2,783 50 

12,613 38 



Total disbursements, $259,803 93 

Balance, $225,059 02 

Ledger Assets. 



Bonds (Schedule A), 

Cash in banks and office, 

Premiums in course of collection, . 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued on bonds, . 



Gross assets, 



Assets not admitted. 
Book value of bonds over market value, . 



$190,000 00 

29,170 53 

5,888 49 

$225,059 02 

3,001 66 
$228,060 68 

702 50 



Total admitted assets, $227,358 18 

Liabilities. 



Unpaid losses, ... . 
Unearned premiums on outstanding risks, 
Taxes, 

All liabilities, except surplus, 
Surplus, 



$500 00 

154,209 84 

582 85 

$155,292 69 
72,065 49 



Total liabilities, $227,358 18 

Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. Cash Prem's. Conting't Prem'8. 

.$31,065,888 00 $276,268 38 $1,381,341 90 
. 34,511,002 00 320,512 23 1,602,561 15 



.$65,576,890 00 $596,780 61 $2,983,903 05 
. 31,791,819 00 288,360 93 1,441,804 65 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 75.83 per cent. 



.$33,785,071 00 $308,419 68 $1,542,098 40 

. $17,444 00 



Schedule A. Bonds owned by THE r CoMPANY. 



State and Municipal Bonds 
Massachusetts Zls, 1940, 
Fall River, Mass., 3^s, 1915, . 

Railroad Bonds. 
Boston Elevated 4s, 1935, 
Boston & Lowell Us, 1919, . 
Fitchburg 4s, 1915," 
Lynn & Boston 5s, 1912, 
Maine Central 4?>s, 1916, 
N. Y. Central &"Hudson River 3is, 1998, 
N. Y., N. H. & Hartford 4s, 1955^. 
Northern Pacific 4s, 1921, 



Book Value. 


Kate. 


Market Value. 


$9,000 00 


105J 


$9,461 25 


15,000 00 


100 


15,000 00 


3,000 00 


105 


3,150 00 


5,000 00 


98 


4,900 00 


15,000 00 


10H 


15,225 00 


5,000 00 


104 


5,200 00 


5,000 00 


105^ 


5,262 50 


10,000 00 


88i 


8,850 00 


15,000 00 


106" 


15,900 00 


1,000 00 


m 


998 75 



36 



LOWELL MUTUAL FIRE INSURANCE CO, 



Richmond & Washington 4s, 1943,] 

West End Street 4s, 1917, .... 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
American Writing Paper Co. 5s, 1919, . 
N. E. Telephone & Telegraph Co. 5s, 1919, . 
N. E. Telephone & Telegraph Co, 4s, 1930, . 
Western Union Telegraph Co. 4^s, 1950, 



Book Value. 


Rate. 


Market Value. 


$7,000 00 
10,000 00 


1032 
101$ 


$7,227 50 
10,162 50 


17,000 00 
20,000 00 
15,000 00 
20,000 00 
18,000 00 


941 

90 
106b 

96" 
104 


16,065 00 
18,000 00 
15,975 00 
19,200 00 
18,720 00 


$190,000 00 


$189,297 50 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

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



Amount of permanent fund, 



1100,482 24 



Income. 

Net premiums, $54,288.58 ; extra premiums, $ 372. 23, 

Interest on mortgage loans, $936 ; stocks and bonds, $6,222 ; all 

other, $1,304.23, 

From all other sources, 

Total income, 

Ledger assets, Dec, 31, 1904, 



$54,660 81 

8,462 23 
1,640 91 

$64,763 95 

,172.22; less error, $ 1,055. 98, . 185,116 24 

Total, $249,880 19 

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, 

Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Deposited in savings banks, 
Agents 1 balances, 



$19,148 76 

19,782 91 

7,817 64 

8,010 00 

650 00 

628 31 

3,161 19 

$59,198 81 

$190,681 38 



$18,300 00 
136,400 00 

2,872 18 
27,063 12 

6,046 08 



Total ledger assets, $190,681 38 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $231.37 ; stocks and bonds, $1,902.75, 
Market value of stocks and bonds over book value, . 



Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 



2,134 12 
18,894 00 

111,709 50 



$2,270 97 
81,549 02 



LOWELL MUTUAL FIRE INSURANCE CO. 



37 



Dividends due policy holders, . 

All liabilities, except surplus, 
Surplus, 



$1,997 02 



>,817 01 
125,892 49 



Total liabilities, $211,709 50 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

$10,007,298 00 
3,565,328 00 

$13,572,626 00 
3,367,221 00 

$10,205,405 00 
115,422 00 



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

$160,197 69 $160,197 69 
58,826 00 58,826 00 



$219,023 69 $219,023 69 
56,041 76 56,041 76 



$162,981 93 $162,981 93 
1,700 60 



.$10,089,983 00 $161,281 33 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 



$19,396 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
20 shares Boston & Lowell, . 
30 " Boston & Maine, . 
71 " Lowell & Andover, 
6 " Vermont & Massachusetts, 

Bank Stocks. 
16 shares Union National, Lowell, 

Miscellaneous Stocks. 
50 shares American Woolen Co., preferred, 
36 
70 
25 

2 
30 
16 
16 
46 
50 
132 

2 



Appleton Co., Lowell, 

Bigelow Carpet Co., Lowell, 

Franklin Co., Lewiston, Me., 

Hamilton Mills, Lowell, 

Hill Co., Lewiston, Me., 

Lawrence Co., Lowell, . 

Lowell Bleachery, 

Lowell Gas Light Co., . 

Massachusetts Mills, Lowell, 

Merrimack Manufactur'g Co., Lowell, com. 

Pacific Mills, Lawrence, 

Government Bonds. 
United States coupon 3s, 1918, 

Municipal Bonds. 
Boston, Mass., 4s, 1923, . 
Middletown, Conn., 3^s, 1921, 
Sharon, Mass., 4s, 1923 and 1924, . 

Railroad Bonds. 
Boston & Lowell 4s, 1916, 
Boston & Lowell 4s, 1907, 
Boston & Lowell 4s, 1909, 
Boston & Lowell 4s, 1932, 
Boston & Maine 3*8, 1923, 
Boston & Maine 3|s, 1921, 
Central Vermont 4s, 1920, 
Chicago, Burl. & Quincy (Illinois Division) 3|s, 1949 
Chicago, Burlington & Quincy (Iowa Div.) 4s, 1919, 

Fitchburg 4s, 1907 

Fitchburg 4s, 1915, 

Illinois Central (St. Louis Division) 3^s, 1951, 

Lowell & Suburban Street 5s, 1911, 

Maine Central 4s, 1912, 



Book Value. 


Itate. 


Market Value. 


$2,000 00 


241 


$4,820 00 


3,000 00 


172 


5,160 00 


7,100 00 


230 


16,330 00 


600 00 


176 


1,056 00 


1,600 00 


165 


2,640 00 


5,000 00 


106 


5,300 00 


3,600 00 


118 


4,248 00 


7,000 00 


121 


8,470 00 


2,500 00 


105 


2,625 00 


2,000 00 


67 


1,340 00 


3,000 00 


40 


1,200 00 


1,600 00 


132 


2,112 00 


1,600 00 


108 


1,728 00 


4,600 00 


250 


11,500 00 


5,000 00 


92 


4,600 00 


13,200 00 


40 


5,280 00 


2,000 00 


260 


5,200 00 


1,000 00 


102£ 


1,025 00 


2,000 00 


106* 


2,130 00 


3,000 00 


97^ 


2,917 50 


2,000 00 


105^ 


2,110 00 


6,000 00 


102 


6,120 00 


6,000 00 


100 


6,000 00 


4,000 00 


1004 


4,010 00 


3,000 00 


105f 


3,172 50 


1,000 00 


97i 


975 00 


4,000 00 


97! 


3,900 00 


1,000 00 


90 


900 00 


2,000 00 


94| 


1,895 00 


3,000 00 


100^ 


3,015 00 


3,000 00 


100 


3,000 00 


7,000 00 


101* 


7,105 00 


3,000 00 


94 


2,820 00 


8,000 00 


105 


8,400 00 


6,000 00 


101 


6,060 00 



38 LUMBER MUTUAL FIRE INSURANCE CO. 

Book Value. Rate. Market Value. 

New York, New Haven & Hartford 4s, 1955, . . $2,000 00 106 $2,120 00 

Portland & Rum ford 4s, 1926, 3,000 00 102 3,060 00 

Washington County 3|s, 1954 1,000 00 95 950 00 

$136,400 00 $155,294 00 

LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

Incorporated Feb. 13, 1895. Commenced business March 28, 1895. 
WM. C. JOHNSON, President. HARRY E. STONE, Secretary. 

Office, 53 State Street. 

Permanent fund Dec. 31, 1905, $70,000 00 

Income. 

Net premiums, $199,612 86 

Interest on mortgage loans, $81 ; corporation loan, $112.50 ; bonds, 

$3,833.08; all other, $3,781.57, 7,808 15 

Discount on losses, 599 73 

From all other sources, 309 74 

Total income, $208,330 48 

Ledger assets, Dec. 31, 1904, . 203,956 61 

Total, $412,287 09 

t Disbursements. 

Net amount paid for losses, .„ $71,181 59 

Profits on terminated policies, 58,590 11 

Salaries, fees, etc., of officers and employees, 15,018 77 

Rents 1,220 13 

Taxes and fees, 3,222 93 

Premiums on bonds purchased, 2,761 50 

Interest on bonds purchased, 402 38 

Traveling and inspections, 8,003 77 

All other disbursements, 3,925 31 

Total disbursements, $164,326 49 

Balance, $247,960 60 

Ledger Assets. 

Mortgages, $1,200 00 

Bonds (Schedule A), 138,500 00 

Cash in banks and office, 10,559 98 

Agents 1 balances, 5,990 24 

Premiums in course of collection, 10,700 92 

Loans to corporations, 5,000 00 

Deposited in savings banks, 76,009 46 

Total ledger assets, $247,960 60 

Non-Ledger Assets. 

Market value of bonds over book value, . . . . . . 2,377 50 

Gross assets, $250,338 10 

Assets not admitted. 

Special deposits less $1,918.45 liabilities thereon, .... 8,66905 

Total admitted assets $241,669 05 



LYNN MUTUAL FIRE INSURANCE CO. 



39 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Inspections, 

Return premiums, 

Contingent commission, 

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums. 



Risks outstanding Dec. 31, 1901, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $5,671,858 00 
. 8,319,959 00 

.|13,991,817 00 
. 6,729,890 00 



$2,200 00 

97,302 31 

640 98 

320 95 

2,800 00 

$103,264 24 

138,404 81 

$241,669 05 



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

$153,504 20 $460,512 60 
227,367 43 682,102 29 



$380,871 63 $1,142,614 89 
186,267 02 558,801 06 



$7,261,927 00 $194,604 61 $583,813 83 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 33.33 per cent. 

Schedule A. Bonds owned by the Company. 

Government Bonds. 
United States coupon 3s, 1918, 
United States coupon 4s, 1907, 
United States registered 3s, 1918, . 

State and Municipal Bonds. 

Georgia 4|s, 1918, 

Boston, Mass., 3|s, 1935, 
Brockton, Mass., "34s, 1934, . 
Cambridge, Mass., 3is, 1921, . 
Cambridge, Mass. , 3|s, 1925, . 
Waltham, Mass., 3^, 1921, . 
Watertown, Mass., 4s, 1914, . 
Watertown, Mass., 4s, 1915, . 
"Watertown, Mass., 4s, 1916, . 
Watertown, Mass., 4s, 1917, . 
Port of Portland, Ore., 4s, 1934, . 
Pawtucket, R. I., 4s, 1944, . 
Nashville, Tenn., 4is, 1923, . 

Railroad Bonds. 
Chicago & Western Indiana 4s, 1952, . 
Dutchess County 4-|s, 1940, . 
Long Island guar, ref . 4s, 1949, 
Long Island unified 4s, 1949, 
N. Y. Central & Hudson River 4s, 1934, 

Miscellaneous Bonds. 
Luther Manufacturing Co. 5s, 1923, 



$65,397 00 



Book Value. 


Rate. 


Market Value. 


$2,000 00 


1021 


$2,050 00 


500 00 


102 


510 00 


5,000 00 


101f 


5,087 50 


5,000 00 


im 


5,575 00 


9,000 00 


100 


9,000 00 


14,000 00 


991 


13,930 00 


5,000 00 


100 


5,000 00 


15,000 00 


100 


15,000 00 


7,000 00 


100 


7,000 00 



10,000 00 103| 



11,000 00 
10,000 00 
10,000 00 

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



100 
106 
106 

99 

105 

lOOi 
99* 
99| 



5,000 00 100 



$138,500 00 



10,387 50 

11,000 00 
10,600 00 
10,600 00 

9,900 00 
5,250 00 
5,025 00 
4,975 00 
4,987 50 

5,000 00 
$140,877 50 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

Incorporated Feb. 20, 1828. Commenced business Aug. X, 1S28. 
JAMES S. NEWHALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 

Amount of permanent fund, $56,910 38 



40 



LYNN MUTUAL FIRE INSURANCE CO. 



Income. 

Net premiums, 16,609.79 ; extra premiums, $77.53, 

Interest on mortgage loans, $1,621.69 ; stocks and bonds, $1,274.50 

all other, $61.06 

Rents, 

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

Total income, 

Ledger assets, Dec. 31, 1904, 



56,687 32 

2,957 25 

276 00 

5,005 52 



Total, 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

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

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $11.83 ; other taxes and fees, $68.70, . 
Loss on sale or maturity of ledger assets, .... 
Reduction in book value of securities, .... 
All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Real estate, $2,869 ; mortgages, $33,483.71, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 



Total ledger assets, 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $498.32; bonds, $229.82, . 
Market value of stocks and bonds over book value, . 



Gross assets, 



Assets not admitted. 



Agents' balances over three months due, . 



Total admitted assets, 



Liabilities. 
Unearned premiums on outstanding risks, .... 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued,' . 
Commissions and other charges due agents and brokers, 
Due for reinsurance premiums, 

All liabilities, except surplus, 

Surplus, 

Total liabilities, 



$14,926 09 


59,115 


83 


$74,041 92 


$891 


27 


4,484 


31 


2,370 00 


288 00 


433 


94 


80 53 


120 


65 


894 


80 


389 


62 


$9,953 


12 


$64,088 80 


$36,352 71 


23,087 


25 


4,167 


64 


481 


20 


$64,088 80 


728 


14 


2,432 


75 


$67,249 69 


267 


92 


$66,981 77 


$15,427 


37 


234 


13 


144 00 


14 


06 


21 


00 


$15,840 56 


51,141 


21 



,981 77 



merchants' and farmers' mutual fire INSURANCE CO. 41 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

$2,176,782 00 
525,290 00 

$2,702,072 00 
487,105 00 

$2,214,967 00 
3,250 00 



Cash Prem's. 

$29,280 36 
7,108 76 

$36,389 12 
6,699 62 

$29,689 50 
26 00 



Conting't Prem's. 

$58,560 72 
14,217 52 

$72,778 24 
13,399 24 

$59,379 00 



1,211,717 00 $29,663 50 



Miscellaneous. 

Losses incurred during the year, $891 00 

Profits or surplus returned during 1905, 25 ; 50, 60 ; and 70, 80 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. 
5 shares Central National, Lynn, 
20 " Essex Trust Co., Lynn, .... 
10 . " Merchants National, Boston, . 

20 " National City, Lynn 

•Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 
Chicago & Great Western 5s, 1936, 
Chicago, Milwaukee & St. Paul (Southw'n Div.)6s, 1909 
Chicago, Rock Island & Pacific 4s, 1934, 
Jacksonville Electric 5s, 1927, .... 

Mexican Central 4s, 1911, 

Ogdensburg & Lake Champlain 4s, 1948, 

Ohio & West Virginia 7s, 1910, .... 

Miscellaneous Bonds. 
The Securities Co., series C, class 1, 4s, 
United Elec. Securities Co. 5s, 1935, 



Book Value. 


Rate. 


Maiket Value. 


$500 00 
3,600 00 
1,392 50 
2,000 00 


160 
200 
210 
150 


$800 00 
4,000 00 
2,100 00 
3,000 00 


2,000 00 

2,020 00 

), 1,025 00 

961 25 


101| 
106 
106J 
94i 


2,037 50 

2,120 00 

1,062 50 

945 00 


1,880 00 
773 50 


101 
80 


2,020 00 
800 00 


2,050 00 
1,000 00 


99 
109 


1,980 00 
1,090 00 


800 00 


65 


520 00 


3,085 00 


101| 


3,045 00 


$23,087 25 


$25,520 00 



^MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

Incorporated April 1, 1S46. Commenced business Jan. 1, 1847. 

HENRY M. WITTER, President. HARRY S. MYRICK, Secretary. 

Amount of permanent fund, $121,574 43 

Income. 

Net premiums, $92,237.73; extra premiums, $833.95, . . $93,071 68 
Interest on mortgage loans, $837.91 ; stocks and bonds, $7,108.22; 

all other, $460.79, 8,406 92 

Rents, 4,680 00 

Profit on sale or maturity of ledger assets, 3,386 53 

Total income, $109,545 13 

Ledger assets, Dec. 31, 1904 258,330 93 

Total, $367,876 06 

Disbursements. 



Net amount paid for losses, 
Profits on terminated policies, 



$40,069 42 
36,994 23 



42 merchants' and farmers' mutual FIRE INSURANCE CO. 



Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, . 

Real estate taxes, $716.29 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, . 

All other disbursements, 

Total disbursements, 



,831.13, 



Balance, 



Ledger Assets. 



Real estate, $57,482.35 ; mortgages, $20,880, 

Stocks and bonds (Schedule A), 

Cash in banks and office, .... 

Agents' balances, 

Corporation loan, 



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $527.53; bonds, $2,156.81 ; other assets, $34.38, 
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, 

Commissions and other charges due agents and brokers, . 
Due for return premiums, $743.53 ; reinsurance, $117. 17, 

All liabilities, except surplus, 

Surplus, 



$14,747 57 
6,236 90 
700 00 
275 01 
2,547 42 
2,722 65 
4,519 45 

$108,812 65 

$259,063 41 



$78,362 35 

164,508 71 

7,487 73 

7,954 62 

750 00 

$259,063 41 



2,718 72 

2,517 65 

15,452 54 

$279,752 32 



$2,749 45 

152,421 18 

4,096 22 

1,193 19 

860 70 



1,320 74 
118,431 58 



Total liabilities, $279,752 32 

Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

. $21,244,755 00 
. 6,680,596 00 

. $27,925,351 00 
. 6,805,710 00 

.$21,119,641 00 
156,£96 00 

. $20,963,045 00 
Miscellaneous. 



Cash Prem's. 

$316,016 31 
98,434 37 

$414,450 68 
102,295 47 

$312,155 21 
2,220 48 

$309,934 73 



Conting't Prem's. 

$316,016 31 
98,434 37 

$414,450 68 
102,295 47 

$312,155 21 



Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 



$41,518 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

51 shares Atchison, Topeka & Santa Fe, preferred, . $2,224 44 105 $5,355 00 

60 " Atchison, Topeka & Santa Fe', common, . 5,097 75 89 5,340 00 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



43 



61 shares Boston & Albany, 

11 " Boston & Maine, 

25 " Norwich & Worcester, preferred, . 
34 " Providence & Worcester, 
7 " Union Pacific, preferred, 

Bank and Trust Company Stocks. 
25 shares Quinsigamond National, Worcester, 
4 " Worcester Trust Co., 

Miscellaneous Stocks. 
42 shares Worcester Electric Light Co., 
28 " Worcester Gas Light Co 

Railroad Bonds. 
Atchison, Top. & Santa Fe general mortgage 4s, 1995, 
Atchison, Topeka & Santa Fe adjustment 4s, 1995, 
Bangor & Aroostook 4s, 1951, 
Buffalo & Susquehanna 4s, 1951, . 
Chicago, Cincinnati & Louisville 4|s, 1953, . 
Chicago, Rock Island & Pacific 4s, 1934, 
Chicago & Western Indiana 4s, 1952, . 
Des Moines, Iowa Falls & Northern 5s, 1931, 
North'n Pacific-Great North'n (C. B. &Q.col.) 4s, 1921 
Ottumwa, Cedar Falls & St. Paul 5s, 1909, . 
Pere Marquette 4s, 1943, .... 

Pere Marquette 4s, 1951, .... 

Southern Indiana 4s, 1951, .... 
St. Louis, Iron Mountain & Southern 4s, 1933, 



Book Value. 


Kate. 


Market Value. 


$11,695 00 


254* 


$15,524 50 


1,948 27 


172 


1,892 00 


4,525 00 


235 


5,875 00 


6,625 00 


298 


10,132 00 


725 00 


991 


696 50 


3,119 00 


135 


3,375 00 


920 00 


225 


900 00 


8,428 00 


250 


10,500 00 


6,135 00 


250 


7,000 00 


7,000 00 


101* 


7,131 25 


3,500 00 


93| 


3,272 50 


9,700 00 


96 


9,600 00 


4,950 00 


97* 


4,875 00 


10,790 00 


95 


10,450 00 


9,775 00 


94i 


9,450 00 


9,900 00 


99 


9,900 00 


10,200 00 


99 


9,900 00 


3,551 25 


m 


5,992 50 


10,550 00 


1024 


10,250 00 


4,750 00 


94 


4,700 00 


4,775 00 


90 


4,500 00 


14,100 00 


93 


13,950 00 


9,525 00 


94 


9,400 00 


$164,508 71 


$179,961 25 



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, 

Income. 

Net premiums, $111,735.40 ; extra premiums, $ 664. 68, . 
Interest on mortgage loans, $4,881 . 72 ; stocks and bonds, $5,064 . 06 ; 
all other, $20 

Total income, 

Ledger assets, Dec. 31, 1904, 



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, 

Loss on sale or maturity of ledger assets, . 

Adjusting, 

Postage, 

Printing, maps, etc., 

All other disbursements, 

Total disbursements, 

Balance, 



$150,206 00 

$112,400 08 
9,965 78 

$122,365 86 
242,996 60 

$365,362 46 



$46,701 67 

37,138 40 

17,643 28 

8,122 75 

850 00 

1,730 93 

6,550 05 

889 74 

558 21 

1,786 98 

1,854 10 

$123,826 11 

$241,536 35 



44 MERRIMACK MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 

Real estate, $3,500 ; mortgages, $95,575, $99,075 00 

Stocks and bonds (Schedule A), 111,500 00 

Cash in banks and office, 12,495 91 

Agents' balances, 18,465 44 



Total ledger assets, $241,536 35 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,191. 21 ; stocks and bonds, $1,293.73 ; other assets, 

$313.67 2,798 61 

Rents accrued on company's property, 180 00 

Market value of stocks and bonds over book value, .... 1,998 75 



Gross assets, $246,513 71 

Assets not admitted. 

Dividends not declared or guaranteed, 37 50 

Total admitted assets, $246,476 21 

Liabilities. 

Unpaid losses, $6,464.37; less reinsurance, $170.64, . . . $6,293 73 

Unearned premiums on outstanding risks, ; 187,591 88 

Dividends due policy holders, 5,231 85 

Commissions and other charges due agents and brokers, . . . 2,769 81 

Due for return premiums, $433.35; reinsurance, $236.97, , . 670 32 

All liabilities, except surplus, $202,557 59 

Surplus, 43,918 62 

Total liabilities, $246,476 21 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, .$27,972,084 00 $412,043 66 $412,043 66 

Risks written during 1905, . . . 8,975,345 00 123,964 85 123,964 85 

Total, $36,947,429 00 $536,008 51 $536,008 51 

Risks expired and terminated, . . 8,919,452 00 135,842 42 135,842 42 



In force at end of year, . . . $28,027,977 00 $400,166 09 $400,166 09 
Amount reinsured, .... 861,431 00 12,904 39 



Net amount in force, . . .$27,166,546 00 $387,26170 

Miscellaneous. 

Losses incurred during the year, $47,859 00 

Profits or surplus returned during 1905, 20, 30 and 40 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. Book Valno. Rate. Market Value. 

10 shares Andover National, $1,000 00 120 $1,200 00 

15 " Lawrence National, 1,500 00 114 1,710 00 

Municipal Bonds. 

Augusta, Me., 4s, 1934, 5,000 00 106 5,300 00 

Andover, Mass., 4s, 1919-23-28, 
Danvers, Mass., 4s, 1916, .... 
Milton, Mass., 3^s, 1910, .... 

North Andover, Mass., 4s, 1923, . 



15,000 00 106 } 16,031 25 

10,000 00 102* 10,250 00 

3,000 00 100 3,000 00 

10,000 00 106* 10,650 00 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



45 



Westborough, Mass., 4s, 1908, 
Cincinnati, O., 7s, 1908, 
Cleveland, O., 4s, 1915, .... 
Seattle, Wash., 5s, 1912, 

Railroad Bonds. 
Bangor & Aroostook 4s, 1951, 
Boston & Maine 4s, 1942, 
Chicago, Burlington & Quincy 3|s, 1949, 
Chicago, Milwaukee & St. Paul 5s, 1914, 
Chicago & Northwestern 5s, 1929, . 
Chicago, Wisconsin & Minn. 6s, 1916, . 
Illinois Central 3^s, 1951, 
Lake Shore & Michigan Southern 4s, 1928, 
N. Y. Cent. & Hudson River 4s, 1934, . 
Old Colony 4s, 1925, . . . 

Miscellaneous Bonds. 
Helena Water Co., 1910, 



Book Value. 


Rate. 


Market Value. 


$10,000 00 


101 


$10,100 00 


4,000 00 


108i 


4,340 00 


3,000 00 


104 


3,120 00 


5,000 00 


106 


5,300 00 


3,000 00 


96 


2,880 00 


2,000 00 


107 


2,140 00 


3,000 00 


94| 


2,842 50 


5,000 00 


109 


5,450 00 


4,000 00 


110 


4,400 00 


5,000 00 


108 


5,400 00 


3,000 00 


100 


3,000 00 


2,000 00 


99| 


1,990 00 


2,000 00 


99| 


1,995 00 


10,000 00 


104 


10,400 00 


5,000 00 


40 


2,000 00 


$111,500 00 


$113,498 75 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

Incorporated March 3, 1826. Commenced business March 29, 1826. 
RICHARD F. BARRETT, President. ADAMS TOLMAN, Secretary. 



Amount of permanent fund Dec. 31, 1904, 

Increase during the year, 

Permanent fund Dec. 31, 1905, 

Income. 

Net premiums, $160,017.75 ; extra premiums, $1,391.60, 

Interest on mortgage loans, $2,255.50 ; collaterals, $341.67 ; stocks 

and bonds, $21,350.21, 

Rents, including company's own occupancy, 

Dividends on reinsurance, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1904, .... 

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, $496.80 ; other taxes and fees, $1,674.92, 
Loss on sale or maturity of ledger assets, . 
Reduction in book value of ledger assets, . 
All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 



Real estate, $25,747.80; mortgages, $50,100, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 



$327,532 84 
37,088 27 



$364,621 


11 


$161,409 35 


23,947 


38 


965 


00 


619 


02 


1,875 


54 


$188,816 29 


637,084 09 


$825,900 


38 


$62,591 


24 


75 # ,012 


72 


23,868 


83 


14,096 


00 


500 


00 


1,390 


58 


2,171 


72 


155 


00 


1,900 00 


8,844 


92 


$190,531 


01 



$635,369 37 



$75,847 80 

6,800 00 

522,319 80 



46 MIDDLESEX MUTUAL FIRE INSURANCE CO. 

Cash in banks and office, $9,601 73 

Agents' balances, 20,800 04 

Total ledger assets, $635,369 37 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,183.05; bonds, $6,236.55; collateral loans, 

$114.17, 7,533 77 

Rents due and accrued on company's property, .... 639 00 

Market value of real estate over book value, 18,127 74 

Market value of stocks and bonds over book value, .... 34,819 20 

Gross assets $696,489 08 

Liabilities. 

Unpaid losses, $902 85 

Unearned premiums on outstanding risks, 325,362 71 

Dividends due policy holders, 10,535 99 

All liabilities, except surplus, $336,801 55 

Surplus, 359,687 53 

Total liabilities, $696,489 08 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, . $44,089,127 00 $654,245 56 $654,245 56 

Risks written during 1905, . . . 11,336,768 00 170,433 96 170,433 96 

Total, $55,425,895 00 $824,679 52 $824,679 52 

Risks expired and terminated, . . 11,123,841 00 167,630 81 167,630 81 

In force at end of year, . . . $44,302,054 00 $657,048 71 $657,048 71 
Amount reinsured, .... 515,083 00 7,532 96 

Net amount in force, . . . $43,786,971 00 $649,515 75 

Miscellaneous. 

Losses incurred during the year, $63,144 00 

Profits or surplus returned during 1905, 20, 30, 40 and 60 per cent. 

Schedule A. Securities held as Collateral. 

Company's Loaned 

• Market Value. Thereon. 

25 shares American Powder Mills, $3,750 00 SI, 500 00 

35 " Putnam Water Co 4,200 00) dnnnon 

25 " Knoxville Water Co., preferred, .... 2,250 00 J *' wu uw 

American Bell Telephone Co. bonds 2,000 00 1,300 00 

$12,200 00 $6,800 00 

Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Kate. Market Value. 

57 shares Boston & Albany, $5,757 75 254* $14,506 50 

100 " Fitchburg, preferred, 8,660 00 142| 14,250 00 

33 shares Concord National, '..... 3,300 00 175 5,775 00 

Miscellaneous Stocks. 

180 shares The Pullman Co., 18,726 65 245 44,100 00 

State and Municipal Bonds. 

Massachusetts 3s, 1930, 10,137 50 95£ 9,587 50 

Belmont, Mass., 3£s, 1912-13-14 5,000 00 100 5,000 00 



MUTUAL FIRE ASSURANCE CO. 



47 



Cambridge, Mass., 4s, 1913, 
Concord, Mass., 3|s, 1906-7-9 
Concord, Mass., 4s, 1906-1910 
Holyoke, Mass., 4s, 1927,' 
Medford, Mass., 4s, 1920, 
Pawtucket, R. I., 4s, 1910, 
Pawtucket, R. I., 4s, 1929, 
Toledo, O., 4is, 1914, . 

Railroad Bonds. 
Atchison, Top. & Santa Fe general mortgage 4s, 1995, 
Boston & Albany 4s, 1913, 
Boston & Lowell 4s, 1913, 
Boston & Lowell Shs, 1923, 
Boston & Lowell 4s, 1907, 
Boston & Maine 4^s, 1944, 
Burlington & Missouri River 4s, 1910, 
Chicago, Burlington & Quincy 4s, 1921, 
Chicago, Burlington & Quincy 3|s, 1949, 
Chicago Junction & Union Stock Yards 4s, 1940 
Chicago & Northwestern (Boyer Valley Div.) Shs, 1923, 
Chic. & Northwestern (Sioux City & Pacific) 3|s, 1936, 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Concord & Montreal 4s, 1920, 
Connecticut & Passumpsic 4s, 1943, 
Great Northern (Eastern of Minnesota) 5s, 1908, 
Hamilton Ontario Street 4|s, 1928, 
Lake Shore & Michigan Southern 3^s, 1997, 
Long Island (North Shore Branch) 5s, 1932, 
Narragansett Pier 4s, 1916, .... 
N. Y. Cent. (Mohawk & Malone) 4s, 1991, , 
New York, New Haven & Hartford 3is, 1947, 
New York, Ontario & Western 4s, 1992, 
New York, Providence & Boston 4s, 1942, 
Norwich & Worcester 4s, 1927, 

Old Colony 4s, 1925 

Pennsylvania (Cleveland & Pittsburg) 3^s, 1948, 

Pennsylvania (Cleveland & Pittsburg) 3|s, 1950, 

Pennsylvania (Erie & Pittsburg) 3^s, 1940, . 

Portland & Ogdensburg 5s, 1908, . 

Reading (Temple Iron Co.) 4s, 1925, . 

St. Paul, Minneapolis & Manitoba 4|s, 1933, 

Southern Pacific 6s, 1911, . . ' . 

Terminal Assoc, of St. Louis 4^s, 1939, 

United Traction & Elec. of Providence, R. I., 5s, 1933 

West End Street 4s, 1915, 

West End Street 4s, 1932, 



Book Value. 


Rate. 


Market Value. 


$20,000 00 


103i 


$20,700 00 


5,086 40 


100"" 


5,000 00 


6,030 00 


1001 


6.030 00 


10,950 00 


108^ 


10,800 00 


5,356 25 


105i 


5,275 00 


10,487 50 


101 


10,100 00 


10,450 00 


103i 


10,350 00 


10,000 00 


106" 


10,600 00 


1,900 00 


101J 


2,037 50 


10,557 50 


102 


10,200 00 


15,500 00 


1011 


15,225 00 


5,006 25 


97| 


4,875 00 


3,003 75 


100^ 


3,000 00 


11,775 00 


116| 


11,662 50 


16,495 00 


99i 


16,915 00 


9,077 75 


99 ^ 


8,910 00 


3,000 00 


94| 


3,790 00 


10,250 00 


99 


9,900 00 


10,225 00 


98 


9,800 00 


9,650 00 


98 


9,800 00 


10,100 00 


111 


11,100 00 


25,150 00 


102 


25,500 00 


26,600 00 


107 


26,750 00 


10,712 50 


101 


10,100 00 


10,350 00 


104 


10,400 00 


10,912 50 


99f 


9,975 00 


5,762 50 


110 


5,500 00 


10,375 00 


1021 


10,250 00 


11,062 50 


105 


10,500 00 


15,262 50 


95 


14,250 00 


10,475 00 


101 


10,100 00 


10,750 00 


108 


10,800 00 


10,575 00 


106 


10,600 00 


5,262 50 


104 


5,200 00 


21,000 00 


98 


19,600 00 


10,575 00 


98 


9,800 00 


10,400 00 


97 


9,700 00 


21,200 00 


102 


20,400 00 


5,200 00 


103 


5,150 00 


11,225 00 


lllf 


11,175 00 


5,412 50 


108* 


5,425 00 


11,450 00 


108£ 


10,862 50 


5,737 50 


1101 


5,525 00 


5,162 50 


10l| 


5,075 00 


5,225 00 


104| 


5,212 50 


$522,319 80 




$557,139 00 



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, $22,783.18; extra premiums, $199.57, 
Interest on mortgage loans, $2,047.50; stocks and bonds, $7,201; 

all other, $291.80, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$22,982 75 

9,540 30 
450 00 



$32,973 05 
197,039 09 



Total, 



$230,012 14 



48 



MUTUAL FIRE ASSURANCE CO. 



Disbursements. 

Net amount paid for losses, $2,576 17 

Profits on terminated policies, . 19,384 67 

Salaries, fees, etc., of officers and employees, 4,556 00 

Rents, 500 00 

Taxes and fees, 212 17 

All other disbursements, 552 85 

Total disbursements, $27,781 86 

Balance, $202,230 28 

Ledger Assets. 

Mortgages, $42,800 00 

Stocks and bonds (Schedule A), 143,946 19 

Cash in banks and office, 15,484 09 

Total ledger assets, $202,230 28 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $530.85; bonds, $ 802. 49, 1,333 34 

Market value of stocks and bonds over book value, .... 35,120 06 

Gross assets, $238,683 68 

Liabilities. 

Unearned premiums on outstanding risks, $53,133 38 

Dividends due policy holders, 297 03 

All liabilities, except surplus, $53,430 41 

Surplus, 185,253 27 

Total liabilities, $238,68368 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, . $6,300,425 00 $102,654 27 $102,654 27 

Risks written during 1905, . . . 1,347,900 00 22,783 18 22,783 18 

Total $7,648,325 00 $125,437 45 $125,437 45 

Risks expired and terminated, . . 1,348,650 00 21,774 13 21,774 13 

In force at end of year, . . . $6,299,675 00 $103,663 32 $103,663 32 

Miscellaneous. 

Losses incurred during the year, $2,576 00 

Profits or surplus returned during 1905, 90 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Kate. Market Value. 

100 shares Boston & Albany, $14,073 25 254* $25,450 00 

69 " Chicago, Burlington & Quincy, . . . 8,364 85 200 13,800 00 

20 " Holyoke & Westfield, 3,740 00 275 5,500 00 

198 " N. Y. Cent. & Hudson River, . . . 23,931 25 153£ 30,318 75 

25 shares Chapin National, Springfield, . . . 2,875 00 110 2,750 00 

61 " Chicopee National, Springfield, . . . 6,100 00 150 9,150 00 

25 " First National, Springfield, .... 2,720 00 110 2,750 00 

50 " Hadley Falls National, Holyoke, . . 5,050 00 130 6,500 00 

25 " John Hancock National, Springfield, . . 2,500 00 105 2,625 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



49 



10 shares Monson National, .... 
50 " National Bank of Commerce, Boston, 
75 " Second National, Springfield, 
25 " Springfield National, 

Railroad Bonds. 
Boston & Albany 4s, 1913, . 
Chesapeake & Ohio 5s, 1939, . 
Chicago, Burlington & Quincy 3|s, 1949, 
Connecticut River 3|s, 1923, . 
Detroit Southern (Ohio So. Div.) 4s, 1941, 
Holyoke Street 5s, 1915, 
N. Y. Cent. & Hudson River (Lake Shore) 3£s, 1998, 
Phila., Wilmington & Bait. 4s, 1932, . 
Reading- Jersey Central 4s, 1951, . 
Springfield Street 4s, 1923, . 
Vermont Valley 5s, 1910, 
Woronoco Street 5s, 1920, 
American Tel. & Tel. Co. 4s, 1929, 



Book Value. 


Rate. 


Market Value. 


$1,000 00 


123 


$1,230 00 


5,000 00 


155 


7,750 00 


7,820 00 


140 


10,500 00 


3,000 00 


180 


4,500 00 


10,650 00 


102 


10,200 00 


4,040 00 


117* 


4,700 00 


1,000 00 


94| 


947 50 


2,030 00 


97 


1,940 00 


3,300 00 


911 


2,745 00 


6,300 00 


1071 
884 


6,435 00 


8,000 00 


7,080 00 


4,040 00 


103 


4,120 00 


2,865 00 


994 


2,985 00 


3,064 84 


102| 


3,075 00 


4,200 00 


104* 


4,180 00 


5,312 00 


100 


5,000 00 


2,970 00 


94* 


2,835 00 


$143,946 19 


$179,066 25 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, CHARLESTOWN. 

Incorporated April 10, 1861. Commenced business July 15, 1864. 

GEO. H. PENDERGAST, President. FRANK V. NOYES, Secretary. 

Office, Thompson Square, Gharlestown. 

Amount of permanent fund, $52,639 30 

Income. 

Net premiums, $38,124.98; extra premiums, $267.46, . . . $38,392 44 
Interest on mortgage loans, $2,194.50; collaterals, $450 ; stocks 

and bonds, $2,215; all other, $588.78, 5,448 28 

Profit on sale or maturity of ledger assets, 63 42 

Return premiums and dividends on reinsurance, .... 673 63 

Total income, 

Ledger assets, Dec. 31, 1904, .... 



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, 

Cash in savings banks, 

Agents' balances, 

Balance due from other companies, . 

Total ledger assets, $129,002 77 



$44,577 77 


130,548 


39 


$175,126 


16 


$16,200 07 


11,643 


26 


5,634 


26 


7,000 


00 


633 


33 


394 


41 


4,618 


06 


$46,123 


39 


$129,002 77 


$41,100 00 


10,000 00 


51,948 


54 


2,874 


66 


19,189 


56 


3,787 


21 


102 


80 



50 



MUTUAL PROTECTION FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $898.27; stocks and bonds, $538.25; collateral 

loans, $147.75, 

Market value of stocks and bonds over book value, 



Gross assets, 



Assets not admitted 
Agents' balances over three months due, . 
Dividends not declared or guaranteed, 

Total unadmitted assets, .... 

Total admitted assets, 



Liabilities. 

Unpaid losses, 

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

All liabilities, except surplus, 
Surplus, 



Total liabilities, . 



Risks and Premiums 



a ,584 27 
2,041 22 



$132,628 26 



$190 54 
322 00 



512 54 



$132,115 72 

$463 40 

51,312 25 

1,012 53 

$52,788 18 
79,327 54 

$132,115 72 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 



Amount. 

$6,073,305 00 
2,579,987 00 

$8,653,292 00 
2,079,080 00 



Cash Prem's. Contlng't Prem's. 

$101,553 97 $101,553 97 
44,318 72 44,318 72 



$145,872 69 $145,872 69 
35,959 44 35,959 44 



In force at end of year, 
Amount reinsured, 


. $6,574,212 00 
504,678 00 


$109,913 25 
8,411 22 


$109,913 25 


Net amount in force, . 


. $6,069,534 00 


$101,502 03 


- 


Losses incurred during the ye 
Profits or surplus returned du 


Miscellaneous. 

\Y .... 

ring 1905, 20, 40 and 70 


per cent. 


$16,482 00 


Schedule A. 


Securities held as 


Collateral. 








Company's 
Market Value. 


Loaned 
Thereon. 



150 shares Copper Range, 

5 " N. Y., New Haven & Hartford, 
Copper Range 5s, . 
Lamson Store Service 5s, . . 



$12,000 00 ) 

4,410 00 W000 00 
950 00 J 



$18,310 00 $10,000 00 

Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

5 shares Atchison, Topeka & Santa Fe', preferred, . $255 00 105 $525 00 

15 " N. Y. Central & Hudson River, . . . 2,173 13 153| 2,296 88 

13 " N. Y., New Haven & Hartford, . . . 2,719 00 196| 2,551 25 

186 " Pennsylvania, . . . . . . 12,789 38 143f 13,357 13 

17 shares Monument National, Boston (liquidating), . 1,450 00 * 70 1,190 00 

20 " National Bank of Republic, Boston, . . 2,570 00 163 3,260 00 



per share paid January, 1906. 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 51 

Miscellaneous Stocks. Book Value. Rate. Market Value. 

64 shares American Tel. & Tel. Co $7,835 00 138 $7,452 00 

31 " Charlestown Gas & Elec. Co., . . . 2,263 00 235 3,642 50 

United States coupon 3s, 1918 10,000 00 102* 10,250 00 

New York, New Haven & Hartford R.R. 3^s, 1954, . 2,915 83 95^ 2,850 00 

American Tel. & Tel. Co. 4s, 1929, .... 6,978 20 94* 6,615 00 



$51,948 54 $53,989 76 



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, $4,515 15 

Interest on mortgage loans, $35 ; stocks and bonds, $1,557.04; all 

other, $205.73, 1,797 77 

Rents, 50 00 

Profit on sale of securities, . 20 69 

Policy fees, 154 00 

Total income, 16,537 61 

Ledger assets, Dec. 31, 1904, 38,614 25 

Total, $45,151 86 

Disbursements. 

Net amount paid for losses, $206 09 

Profits on terminated policies, 4,212 50 

Salaries, fees, etc , of officers and employees, 605 44 

Rents, 186 25 

Taxes and fees, 44 36 

Reduction in book value of ledger assets, 680 00 

Interest, 11 39 

All other disbursements, 101 85 

Total disbursements, $6,047 88 

Balance, $39,103 98 

Ledger Assets. 

Mortgages $700 00 

Stocks and bonds (Schedule A), 32,557 80 

Cash in banks and office, 146 99 

Deposits in savings banks, 5,649 19 

Furniture, 50 00 

Total ledger assets $39,103 98 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $17.50; bonds, $238.31, 255 81 

Market value of stocks and bonds over book value, .... 3,397 08 

Gross assets, $42,756 87 



52 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



Assets not admitted. 



Furniture, 



$50 00 



Total admitted assets, 

Liabilities. 

Unpaid losses, 

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

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, . . 
Risks expired and terminated, . 

In force at end of year, , 



Amount. 

$765,635 00 
298,800 00 

$1,064,435 00 
282,075 00 



$42,706 87 



$7 23 

6,466 35 

132 50 

$6,606 08 

36,100 79 

$42,706 87 



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

$11,577 90 $46,311 60 
4,539 15 18,156 60 



$16,117 05 $64,468 20 
4,264 50 17,058 00 



$782,360 00 $11,852 55 $47,410 20 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 100 per cent. 

Schedule A. Stocks and Bonds owned by the Company 



$213 00 



Railroad Stocks. 
10 shares Atchison, Topeka & Santa Fe, common, 
1 share Atchison, Topeka & Santa Fe, preferred, 

20 shares Boston & Maine, common, . 

1 share Central Vermont, 

Central Vermont scrip, 

5 shares Chicago Junction & Stock Yards, preferred 
9 " Chicago, Milwaukee & St. Paul, . 

7 " N. Y. Central & Hudson River, . 

Bank Stocks. 
5 shares First National, Boston, 
100 " Merchants National, Newburyport, 
31 •' Ocean National, Newburyport, 
4 " State National, Boston, ... 

Miscellaneous Stocks. 

4 shares Michigan State Telephone Co., preferred, 

8 " Michigan State Telephone Co., common, 

21 " Riverhank Court Hotel Co., . 

10 '" United States Rubber Co. 1st preferred, 

10 " Western Union Telegraph Co., 

10 " "Westinghouse Electric Co., preferred, . 

5 " Westinghouse Electric Co., assenting, . 

Municipal Bonds. 
Meriden, Conn., 3is, 1915, . 

South Bend, Ind, 3^8, 1912, 

Newport News, Va., 4s, 1941, .... 

Railroad Bonds. 

Central Vermont 4s, 1920, 

Penobscot Shore Line 4s, 1920, .... 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, . 
Michigan State Telephone & Telegraph Co. 5s, 1924, 
Minneapolis General Electric Co. 5s, 1934, . 



Book Value. 

$800 00 

100 00 

3,600 00 

8 00 

4 80 

625 00 

1,350 00 

900 00 

500 00 
2,000 00 
1,550 00 

420 00 

400 00 
120 00 

2,000 00 
500 00 

1,000 00 
750 00 
375 00 

1,000 00 
1,000 00, 
2,000 00 

1,600 00 
2,000 00 

1,955 00 
1,000 00 
1,000 00 



Rate. 

89 
105 
172 

15 

125 

181| 
153£ 

278 
120 
116 
154 



93 
30 

100 

1081 
93| 

190 

170 

100 
103 

90 

102 

941 
100 " 



Market Value. 

$890 00 

105 00 

3,440 00 

15 00 

625 00 
1,635 75 
1,071 88 

1,390 CO 

2,400 00 

1,798 00 

616 00 

372 00 
240 00 
2,100 00 
1,085 00 
933 75 
950 00 
425 00 

1,000 00 

992 50 

2,060 00 

1,800 00 
2,040 00 

1,890 00 
1,000 00 
1,025 00 



NOKFOLK MUTUAL FIRE INSURANCE CO. 53 

Book Value. Rate. Market Value. 

New England Cotton Yarn Co. 5s, 1929, . . . 81,000 00 99| $995 00 

Western Telephone & Telegraph Co. 5s, 1932, . . 3,000 00 102 3,060 00 

$32,557 80 $35,954 88 

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, $76,857.49; extra premiums, $571.20, . . . $77,428 69 
Interest on mortgage loans, $1,406.93; stocks and bonds, $23,* 

949.19; allother, $212.42, 25,568 54 

Rents, 825 00 

Profit on sale or maturity of ledger assets, 470 92 

Increase in book value of securities, . 1,429 00 

Total income $105,722 15 

Ledger assets, Dec. 31, 1904, 659,407 09 

Total, $765,129 24 

Disbursements. 

Net amount paid for losses, $29,029 65 

Profits on terminated policies, 44,098 84 

Commissions or brokerage, 11,541 37 

Salaries, fees, etc., of officers and employees, 8,438 90 

Repairs and expenses on real estate, 600 37 

Real estate taxes, $294.34 ; other taxes and fees, $939.78, . . 1,234 12 

Loss on sale or maturity of ledger assets, 675 00 

Reduction in book value of securities, 6,402 50 

All other disbursements, 2,292 56 

Total disbursements, $104,313 31 

Balance, $660,815 93 

Ledger Assets. 

Real estate, $15,000; mortgages, $25,250, . ..... $40,25000 

Stocks and bonds (Schedule A), 600,851 15 

Cash in banks and office, 12,466 15 

Agents 1 balances, 7,248 63 

Total ledger assets $660,815 93 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $431.95; bonds, $6,166.30; other assets, $1,163.75, 7,762 00 

Rents due on company's property, 337 50 

Gross assets, $668,915 43 

Assets not admitted. 

Agents 1 balances over three months due, . . . $104 98 

Book value of stocks and bonds over market value, . 538 03 

Total unadmitted assets, 643 01 

Total admitted assets $668,272 42 



54 



NORFOLK MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses (resisted), 

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

All liabilities, except surplus, 
Surplus, 



$1,200 00 

180,940 13 

6,650 09 

335 79 

§189,126 01 
479,146 41 



Total liabilities, $668,272 42 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

.$24,627,979 00 
. 5,597,092 00 



,225,071 00 
5,325,943 00 



Cash Prem's. 

$352,120 59 
82,312 33 

$434,432 92 
78,288 55 



Conting't Prem's. 

$352,120 59 
82,312 33 

$434,432 92 
78,288 55 



.$24,899,128 00 $356,144 37 $356,144 37 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 25, 50 and 70 per cent. 



$29,020 00 
Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Atchison, Topeka & Santa Fe, common, 
213 " Atchison, Topeka & Santa Fe, preferred, 
125 " Boston & Albany, 

75 " Boston & Lowell, . 

20 " Boston & Providence, . 
100 " Old Colony, . 

60 " Union Pacific, preferred, 

Miscellaneous Stocks. 
65 shares Dedham Water Co., 

Municipal Bonds. 
Boston, Mass., 4s, 1921, . 
Boston, Mass , 4s, 1923, . 
Chelsea, Mass., 4s, 1936, 
Fall River, Mass., 4s, 1929, . 
Lawrence, Mass., 4s, 1917, 
Lynn, Mass., 4s, 1926, . 
Lynn, Mass., 4s, 1929, . 
Newton, Mass., 4s, 1915, 
Newton, Mass., 4s, 1920, 
Newton, Mass., 4s, 1924, 
Newton, Mass., 4s, 1924, 
Newton, Mass., 4s, 1928, 
North Andover, Mass., 4s, 1923, 
Salem, Mass., 4s, 1914, . 
Taunton, Mass., 4s, 1914, 
Taunton, Mass., 4s, 1928, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe general mortgage 4s, 1995, 
Atchison, Topeka & Santa Fe adjustment is, 1995, 
Boston & Albany 3^s, 1952, . 
Boston Consolidated Street 5s, 1907, 
Boston & Lowell 4s, 1907, 
Boston & Lowell 4s, 1913, 
Boston & Lowell 4s, 1932, 
Boston & Maine 4s, 1942, 
Boston & Maine 4^s, 1944, 
Boston & Providence 4s, 1918, 
Concord & Montreal 4s, 1920, 



iools. Value. 


Rate. 


Market Value. 


$8,800 00 


89 


$8,900 00 


22,192 40 


105 


22,365 00 


31,500 00 


2544 


31,812 50 


18,000 00 


241 


18,075 00 


6,120 00 


311 


6,220 00 


20,800 00 


208 


20,800 00 


5,880 00 


99i 


5,970 00 


7,280 00 


112 


7,280 00 


13,843 75 


105£ 


13,763 75 


2,120 00 


1064 


2,130 00 


11,000 00 


109" 


10,900 00 


2,160 00 


107 


2,140 00 


5,250 00 


104^ 


5,225 00 


11,770 00 


ion 


11,783 75 


8,640 00 


107f 


8,630 00 


1,040 00 


104 


1,040 00 


2,120 00 


1064 


2,110 00 


6,420 00 


106| 


6,397 50 


2,140 00 


106 1 


2,132 50 


4,320 00 


107* 


4,305 00 


6,443 75 


1064 
1034 


6,390 00 


5,200 00 


5,175 00 


4,160 00 


1034 


4,140 00 


6,510 00 


107| 


6,450 00 


22,725 00 


101* 


22,921 87 


11,160 00 


934 


11,220 00 


19,962 50 


. 99^ 


19,800 00 


5,000 00 


100 


5,000 00 


5,000 00 


100 


5,000 00 


5,125 00 


1014 


5,075 00 


10,600 00 


105| 


10,575 00 


14,840 00 


107 


14,980 00 


23,200 00 


116$ 


23,325 00 


20,700 00 


104 


20,800 00 


10,400 00 


102 


10,200 00 



PAPER MILL MUTUAL INSURANCE CO. 



55 



Connecticut & Passumpsic River 4s, 1943, 

Dexter & Newport 4s, 1917 

Fitchburg 4s, 1915, . . 

Fitchburg 4s, 1927 

Fremont, Elkborn & Missouri Valley 6s, 1933, 
Grand Avenue, Kansas City, 5s, 1908, . 
Illinois Central 3Js, 1951, .... 
Kansas City, St. Joseph & Council Bluffs 7s, 1907 
Maine Central 4^s, 1912, .... 

Maine Central 5s, 1923, 

Newport & Richford 1st mortgage 5s, 1911, . 
N. Y., New Haven & Hartford 4s, 1947, 
Northern Pac.-Gt. Nor. joint (C.B.&Q. Col.) 4s 
Norwich & Worcester 4s, 1927, 

Old Colony 4s, 1925 

Old Colony 4s, 1938, 

Old Colony 3|s, 1932, 

Oregon Short Line 6s, 1922 

Philadelphia & Reading 7s, 1911, . 
Portland & Rumford Falls 4s, 1926, 
Union Pacific 4s, 1947 



1921 



Book Value. 

$5,400 00 

6,120 00 

5,150 00 

21,000 00 

6,850 00 

5,050 00 

4,750 00 

9,270 00 

10,500 00 

5,800 00 

15,750 00 

20,235 00 

21,560 00 

21,000 00 

19,972 50 

18,318 75 

5,000 00 

12,400 00 

9,200 00 

10,400 00 

4,702 50 



,851 15 



Rate. Market Value. 

107 

100 

10H 

104 ^ 

139 

1001 

100 ^ 

103 

103 

115 

lOSh 

105S 

99| 
106 
104 
106£ 

98 
122 1 
114 
102 



$5,350 00 

6,000 00 

5,075 00 

20,800 00 

6,950 00 

5,025 00 

5,000 00 

9,270 00 

10,300 00 

5,750 00 

15,525 00 

20,045 00 

21,972 50 

21,200 00 

19,760 00 

18,062 50 

4,900 00 

12,262 50 

9,120 00 

10,200 00 

4,713 75 



,313 12 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

Incorporated November, 1886. Commenced business April 1, 1887. 
R. W. TOPPAN, President. D. W. LANE, Secretary. 



Net premiums, . 
Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1904, 

Total, .... 



Office, 31 Milk Street. 
Income. 



Net amount paid for losses, 

Profits on terminated policies, 

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

Rents, 

Taxes and fees, . 
Inspections, .... 
All other disbursements, . 

Total disbursements, . 

Balance, 



Disbursements. 



Ledger Assets. 



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



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued on bonds, . 
Market value of bonds over book value, . 



$139,258 64 
4,729 58 

1143,988 22 
134,197 62 

$278,185 84 



$7,462 14 

118,828 32 

5,822 50 

360 00 

1,414 53 

2,247 72 

458 28 

$136,593 49 

$141,592 35 



$129,005 75 

11,529 34 

1,057 26 

$141,592 35 



1,500 00 
275 50 



Gross assets, 



$143,367 85 



56 



QUINCY MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes, 

All liabilities, except surplus, 
Surplus, 



1450 00 

68,372 38 

298 40 



,120 78 
74,247 07 



Total liabilities $143,367 85 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

.$16,385,316 00 
. 18,455,588 00 

. $34,840,904 00 
. 17,462,507 00 



Cash Prem's. 

$180,363 68 
145,059 53 

$275,423 21 
138,678 45 



Conting't Prem's. 

$651,818 40 
725,297 65 

$1,377,116 05 
693,392 25 



.$17,378,397 00 $136,744 76 $683,723 80 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 89.44 per cent. 

Schedule A. Bonds owned by the Company. 

Municipal Bonds. 
Boston, Mass., 3is, 1932, .... 

Boston, Mass., 3|s, 1933, .... 

Newton, Mass., 4s, 1922, .... 

Railroad Bonds. 
Boston & Albany 4s, 1913, .... 
Boston Elevated 4s, 1935, .... 
Boston & Lowell 4s, 1916, .... 
Boston & Maine 4|s, 1944, .... 
Chicago Junction *& Union Stock Yard 4s, 1940, 
Chicago, Burlington & Quincy 4s, 1922, 
Cincinnati, Sandusky & Cleveland 5s, 1928, . 
Concord & Montreal 4s, 1920, 

Fitchburg 4s, 1927, 

Maine Central 5s, 1923 

Mohawk & Malone 4s, 1991, .... 
N. Y. Cent. & Hudson R. (Lake Shore Col.) 3^s 
N. Y., New Haven & Hartford 4s, 1954, 
Pennsylvania 5s, 1919, ..... 
Portland & Ogdensburg 5s, 1908, . 

West End Street 4s, 1915 

West End Street 4s, 1932, .... 

Miscellaneous Bonds. 
American Bell Telephone Co. 4s, 1908, 
American Telephone & Telegraph Co. 4s, 1929, 



$7,912 00 



Book Value. 


Kate. 


Market Value. 


$5,200 00 


100 


$5,000 00 


10,150 00 


100 


10,000 00 


5,190 00 


106| 


5,306 25 


10,200 00 


102 


10,200 00 


10,500 00 


105 


10,500 00 


5,120 00 


102 


5,100 00 


5,510 00 


116| 


5,831 25 


4,950 00 


99 


4,950 00 


5,000 00 


100i 


5,012 50 


5,087 00 


112| 


5,631 25 


5,250 00 


102 


5,100 00 


5,450 00 


104 


5,200 00 


5,160 00 


115 


5,750 00 


5,330 00 


105 


5,250 00 


, 1998, 4,993 75 


88i 


4,425 00 


5,350 00 


105| 


5,287 50 


5,200 00 


113 


5,650 00 


5,000 00 


102 


5,100 00 


5,115 00 


101| 


5,075 00 


5,250 00 


104| 


5,212 50 


5,000 00 


m 


4,975 00 


5,000 00 


94| 


4,725 00 


$129,005 75 




$129,281 25 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

Incorporated March 22, 1851. Commenced business May, 1851. 

CHARLES A. HOWLAND, President. WM. H. FAY, Secretary. 

Amount of permanent fund, $350,000 00 

Income. 
Net premiums, $146,024.26; extra premiums, $1,050.47, . . $147,074 73 



Interest on mortgage loans, $4,908.74; collaterals, 
stocks and bonds, $12,960.13 ; all other, $2,808.12, 



1,514.86; 



30,191 85 



QUINCY MUTUAL FIRE INSURANCE CO. 



57 



Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 81, 1904, 



$1,027 00 

846 23 

$179,139 81 

696,913 68 



Total, $876,053 49 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

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

Real estate taxes, $476.52 ; other taxes and fees, $2,583.31, 

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

Printing and stationery, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $21,083.30; mortgages, $87,350, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, . 
Agents' balances, 
Loans to corporations, 
Town of Framingham note, 
Bills receivable, . 



$59,021 75 

59,895 94 

22,827 61 

15,739 01 

3,059 83 

19,155 00 

2,910 40 

5,058 40 

$187,667 94 

$688,385 55 



$108,433 30 
140,200 00 
293,600 11 
35,682 12 
12,470 02 
48,000 00 
15,000 00 
35,000 00 



Total ledger assets, $688,385 55 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $795.27; bonds, $1,198.28; collateral loans, 

$816.27; other assets, $20.65, 

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, 



Assets not admitted. 



Loans to corporations, 

Total admitted assets, . 



Liabilities. 
Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, . 



All liabilities, except surplus, 
Surplus, 



Total liabilities, 



2,830 47 
50 00 


516 


70 


29,731 


39 


$721,514 


11 


1,500 


00 


$720,014 


11 


$241,649 03 

5,900 00 

650 00 


$248,199 03 
471,815 08 


$720,014 


11 



58 



QUINCY MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $32,766,552 00 
. 9,706,653 00 

. $42,473,205 00 
. 9,503,456 00 



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

$481,256 09 $481,256 09 
148,544 25 148,544 25 



$629,800 34 $629,800 34 
142,086 47 142,086 47 



.$32,969,749 00 $487,713 87 $487,713 87 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 

Schedule A. Securities held as Collateral. 



$57,822 00 



56 shares Boston & Worcester St. Ry. Co., preferred, 

Fonda, Johnstown & Gloversville R.R. 4is, 1952, 

Hartford, Springfield & Worcester Elec. Ry. 5s, 1925, 

Hudson River Elect. Pr. Co. 5s, 1944, . 

Peoria & Pekin Terminal Ry. 5s, . 

Hudson River Elec. Pr. 5s, 1944, . 

Jewett City, Conn., 4s, ... 

West Maryland R.R. 4s, 1952, 

144 shares National Granite Bank, Quincy, 

175 " N. E. Dressed Meat & Wool Co., 

100 " No. Packing & Prov. Co., . 

Mortgage note, 

24 shares New England Tel. & Tel Co., 
300 " Quincy Elec. Light & Power Co. 



Company's 
Market Value. 

$4,200 00 | 
975 00 
8,000 00 [ 
4,912 50 | 
5,150 00 J 
4,912 50 ) 
10,562 50 } 
8,700 00 ) 
19,440 00 
26,250 00 
10,000 00 
50,000 00 
3,240 00 
31,800 00 



Loaned 
Thereon. 



$20,000 00 



20,000 00 

17,700 00 
7,500 00 
7,500 00 

35,000 00 
2,500 00 

30,000 00 



$188,142 50 $140,200 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

11 shares Old Colony, 

52 " Southeastern Electric, preferred, . 
196 " Southeastern Electric, common, . 

Bank Stocks. 

50 shares Brockton National, .... 

250 " Commonwealth Trust Co., Boston, 

37 " First National, Boston, 

32 " First National, So. Weymouth, . 

40 " Hingham National, .... 

40 " Merchants National, Boston, 

329 " Mt. Wollaston National, Quincy, 

48 " National Granite, Quincy, . 

20 " Old Colony National, Plymouth, . 

29 " Plymouth National, .... 

10 " Quinsigamond National, Worcester, 

88 " Rockland National, Boston, . 

87 " Second National, Boston, 

60 " State National, Boston, 

50 " State Street Safe Dep. & Trust Co., Boston 

50 " Wachusett National, Fitchburg, . 

Miscellaneous Stocks. 
13 shares Decatur Water Works Co., . 
178 " Lawrence Duck Co., .... 
32 " Michigan State Telephone Co., . 

State and Municipal Bonds. 

Massachusetts 3s, 1930, 

Providence, R. I., 3s, 1930, 

Railway Bonds. 
Northern Pac.-Gt. North. (C, B. & Q. Col.) 4s, 1921, 



Book Value. 
$1,100 00 

5,000 00 



Rate. 
208 



5,000 00 


130 


37,500 00 


170 


3,439 25 


278 


3,538 75 


100 


5,639 25 


102^ 


6,040 00 


210 


40,490 75 


120 


6,295 75 


150 


2,300 00 


110 


3,433 00 


115 


992 50 


135 


12,056 00 


167 


15,056 00 


217 


8,792 88 


154 


5,000 00 


210 


10,000 00 


100 



350 00 
17,800 00 



_* 



48,187 50 
19,050 00 



50 
30 

95£ 

92i 



Market Value. 
$2,288 00 



6,500 00 

42,500 00 

10,286 00 

3,200 00 

4,090 00 

8,400 00 

39,480 00 

7,200 00 

2,200 00 

3,335 00 

1,350 00 

14,696 00 

18,879 00 

9,240 00 

10,500 00 

5,000 00 



8,900 00 
960 00 

47,937 50 
18,500 00 



24,033 48 99 £ 47,940 00 



* Included in book value of bonds. 



RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 59 

Miscellaneous Bonds. Book Value. Rate. Market Value. 

Decatur Water Works Co. 5s, 1915, .... $1,450 00 15 $975 00 

Decatur Water Works Co. 5s, 1915, .... 1,450 00 15 975 00 

Michigan State Telephone Co. 5s, 1924, . . . 9,605 00* 100 8,000 00 

$293,600 11 $323,331 50 

RUBBER MANUFACTURERS 1 MUTUAL INSURANCE COMPANY, 

BOSTON. 

Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885. 
ARTHUR W. CLAPP, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $431,778 30 

Interest on bonds, $11,165.23; all other, $635.15, .... 11,80038 

Total income, . $443,578 68 

Ledger assets, Dec. 31, 1904, 306,054 43 

Total, $749,633 11 

Disbursements. 

Net amount paid for losses, $23,146 27 

Profits on terminated policies, 315,825 93 

Inspections, 9,618 23 

Salaries, fees, etc., of officers and employees, 12,357 17 

Taxes and fees, 5,223 00 

Premiums on bonds purchased, 4,114 84 

All other disbursements, 14,443 06 

Total disbursements, $384,728 50 

Balance, $364,904 61 

Ledger Assets. 

Bonds (Schedule A), $327,000 00 

Cash in banks and office, 28,882 80 

Premiums in course of collection, 9,021 81 

Total ledger assets, $364,904 61 

Non-Ledger Assets. 

Interest due and accrued on bonds 5,479 57 

Market value of bonds over book value, 5,300 00 

Gross assets, $375,684 18 

Liabilities. 

Unpaid losses, $1,000 00 

Unearned premiums on outstanding risks, 216,825 26 

Taxes, 848 11 

All liabilities, except surplus, $218,673 37 

Surplus, 157,010 81 

Total liabilities, $375,684 18 

* Includes book value of stock. 



60 



SALEM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $42,214,962 00 
. 49,233,998 00 

.$91,448,960 00 
. 43,748,189 00 



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

$378,314 51 $1,891,572 55 
452,381 98 2,261,909 90 



$830,696 49 $4,153,482 45 
397,045 96 1,985,229 80 



.$47,700,771 00 $433,650 53 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 83.75 per cent. 

Schedule A. Bonds owned by the Company. 

State and Municipal Bonds. 
Massachusetts 3is, 1940, 
Fall River, Mass., 3|s, 1915, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe' 4s, 1928, 
Bangor & Aroostook 5s, 1943, 
Boston Consolidated Street 5s, 1907, 
Boston Elevated 4s, 1935, 
Boston & Lowell 3*s, 1919, . 
El Paso & Rock Island 5s, 1951, . 
Fitchburg 4s, 1927, 
Fitchburg 4s, 1928, 
Maine Central 4k, 1916, 
N. Y. Central & Hudson River 3*s, 1998, 
N. Y., New Haven & Hartford 4s, 1955, 
Northern Pacific-Gt. North. (C, B.&Q. Col.) 4s 
Richmond & Washington 4s, 1943, 
St. Louis Merchants' Bridge Term. 5s, 1930, 
West End Street 4s, 1915, .... 
West End Street 4s, 1917, .... 

Miscellaneous Bonds. 
American Bell Telephone Co. 4s, 1908, 
American Telephone & Telegraph Co. 4s, 1929, 
American Writing Paper Co. 5s, 1919, . 
N. E. Telephone & Telegraph Co. 4s, 1930, . 
N. E. Telephone & Telegraph Co. 5s, 1919, . 
Western Union Telegraph Co. 4^s, 1950, 



1,168,252 65 
$22,480 00 



Book Value. 


Rate. 


Market Value. 


. $18,000 00 


105J 


$18,922 50 


20,000 00 


100 


20,000 00 


10,000 00 


98 


9,800 00 


10,000 00 


122 


12,200 00 


12,000 00 


100 


12,000 00 


6,000 00 


105 


6,300 00 


20,000 00 


98 


19,600 00 


5,000 00 


106| 


5,337 50 


10,000 00 


104 


10,400 00 


10,000 00 


104 


10,400 00 


16,000 00 


105£ 


16,840 00 


15,000 00 


88^ 


13,275 00 


20,00(0 00 


106 


21,200 00 


, 1921, 7,000 00 


99} 


6,991 25 


9,000 00 


103i 


9,292 50 


25,000 00 


107| 


26,937 50 


5,000 00 


101* 


5,075 00 


15,000 00 


101| 


15,243 75 


15,000 00 


99^ 


14,925 00 


22,000 00 


94^ 


20,790 00 


10,000 00 


90 


9,000 00 


17,000 00 


96 


16,320 00 


10,000 00 


106i 


10,650 00 


20,000 00 


104 


20,800 00 


$327,000 00 


$332,300 00 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

Incorporated April 17, 1838. Commenced business May 1, 1838. 
HOWARD S. PORTER, President. ARTHUR DERBY, Secretary. 

Amount of permanent fund, $52,580 66 



Income. 

Net premiums, $44,072.71 ; extra premiums, $96.74, 

Interest on mortgage loans, $16.50; stocks and bonds, $3,814.33 

all other, $48.12, 

Borrowed money, . > 

Insurance on office furniture, .- 

Dividends on reinsurance, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$44,169 45 

3,878 95 

5,000 00 

463 46 

276 91 

$53,788 77 
104,955 78 



Total, 



$158,744 55 



SALEM MUTUAL FIRE INSURANCE CO. 



61 



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

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, . 
Borrowed money repaid, ..... 

Interest, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 



Mortgages, 

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



Total ledger assets, 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $1 .05 ; stocks and bonds, $1,242.85, . 
Due from other companies, .... 



Gross assets, 



Assets not admitted 

Agents 1 balances over three months due, . 
Book value of stocks and bonds over market value, 
Dividends not declared or guaranteed, 
Total unadmitted assets, . 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

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

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

$6,156,613 00 
2,673,059 00 

$8,829,672 00 
2,432,001 00 

$6,397,671 00 
154,329 00 



$554 55 

404 20 

57 30 



$27,992 


21 


12,475 


59 


7,044 


66 


4,138 


00 


594 


12 


438 


35 


646 


04 


5,000 


00 


40 


61 


4,115 


25 


$62,484 83 


$96,259 72 


$300 


00 


89,323 


20 


1,368 


69 


5,267 


83 



,259 72 



1,243 90 
34 03 



,537 65 



1,016 05 



$96,521 60 

$2,931 90 

54,607 90 

2,883 93 

$60,423 73 
36,097 87 



,521 60 



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

$105,832 01 $105,832 01 
46,698 71 46,698 71 



$152,530 72 $152,530 72 
42,134 51 42.134 51 



$110,396 21 $110,396 21 
2,173 97 



$6,243,342 00 $108,222 24 



62 



SALEM MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 



$28,193 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
7 shares Boston & Maine, preferred, 
2 " Boston & Maine, common, 

Miscellaneous Stocks. 
15 shares Salem Gas Light Co., 

State and Municipal Bonds. 
Massachusetts 3s, 1928, . 
Massachusetts 3is, 1938, 
Meri den, Conn., ~3^s, 1919, 
New Britain, Conn., 4s, 1908, 
New Britain, Conn., 4s, 1918, 
New Britain, Conn., 4s, 1918, 
Stamford, Conn., 3^s, 1921, 
Stamford, Conn., 4s, 1921, 
Chicago, 111., 4s, 1921, . 
Quincy, 111., 4is, 1911, . 
Boston, Mass., 3|s, 1928, 
Boston, Mass., 4s, 1916, . 
Boston, Mass., 3|s, 1919, 
Boston, Mass., 3{s, 1920, 
Boston, Mass., 3|s, 1919, 
Brockton, Mass., 4s, 1906, 
Brockton, Mass., 4s, 1910, 
Chelsea, Mass., 4s, 1911, 
Fall River, Mass., 4s, 1909, 
Haverhill, Mass., 4s, 1922, 
Lawrence, Mass., 4s, 1909, 
Lynn, Mass., 4s, 1908, 
Lynn, Mass., 3^s, 1913, . 
Marlborough, Mass., 4s, 1911, 
Medford, Mass., 4s, 1917, 
New Bedford, Mass., 4s, 1912, 
Northampton, Mass., 3^s, 1912, 
Peahody, Mass., 3^s, 1911, 
Salem, Mass., 4s, 1907, . 
Salem, Mass., 4s, 1908, . 
Salem, Mass., 4s, 1909, . 
Somerville, Mass., 4s, 1909, 
Somerville, Mass., 3^s, 1907, 
Swampscott, Mass., is, 1911, 
Waltham, Mass., 4s, 1908, 
Woburn, Mass., 3is, 1909, 
Minneapolis, Minn., 4is, 1914, 
Akro'n, O., 4£s, 1911, " . 
Akron, O., 4s, 1913, 
Columbus, 0.,4s, 1910, . 
Columbus, O., 4s, 1912, . 
Columbus, O., 4s, 1914, . 
Davton, O., 3|s, 1917, . 
Dayton, O., 4s, 1915, 
Toledo, O., 5s, 1911, 
Toledo, O., 4s, 1922, 
Cranston, R. I., 4s, 1925, 
Pawtucket, R. I., 4s, 1910, 
Milwaukee, Wis., 5s, 1907, 

Railroad Bonds. 
Boston & Albany 4s, 1913, 
Boston & Lowell 4s, 1932, 
Boston & Lowell 4s, 1913, 
Boston & Maine 4s, 1937, 
Boston & Providence 4s, 1918, 
Eastern 6s, 1906, . 
Fitchburg 5s, 1908, 
Fitchburg 4s, 1927, 



Book Value. 


Rate. 


Market Value. 


$700 00 


175 


$1,225 00 


200 00 


172 


344 00 


1,500 00 


2081 


3,127 50 


1,020 00 


96 


960 00 


2,280 00 


104} 


2,097 50 


1,047 80 


100 


1,000 00 


1,043 75 


1001 


1,005 00 


1,040 00 


102} 


1,028 75 


2,082 98 


102} 


2,057 50 


1,051 25 


99 


990 00 


1,043 75 


1031 


1,035 00 


3,125 00 


103^ 


3,105 00 


2,130 00 


103| 


2,072 50 


1,081 25 


100 


1,000 00 


1,111 25 


104£ 


1,042 50 


1,065 00 


100 


1,000 00 


1,042 50 


100 


1,000 00 


1,041 25 


100 


1,000 00 


1,042 50 


100 


1,000 00 


1,070 00 


lOlf 


1,017 50 


2,170 00 


102^ 


2,045 00 


4,315 00 


lOlf 


4,055 00 


1,120 00 


106| 


1,063 75 


2,045 00 


ioiI 


2,030 00 


2,095 00 


101 


2,020 00 


2,020 00 


100 


2,000 00 


1,092 50 


102 


1,020 00 


1,060 00 


1041 


1,045 00 


2,152 50 


102| 


2,052 50 


1,020 00 


100 


1,000 00 


1,012 63 


100 


1,000 00 


522 50 


100^ 


502 50 


524 38 


101 


505 00 


525 62 


ioi* 


507 50 


2,102 50 


1011 


2,030 00 


1,009 63 


100" 


1,000 00 


2,060 00 


101} 


2,037 50 


1,060 00 


101 


1,010 00 


3,056 25 


99^ 


2,977 50 


1,122 50 


107 


1,070 00 


1,052 50 


104^ 


1,042 50 


1,034 92 


102| 


1,027 50 


2,057 50 


1011 


2,030 00 


1,055 00 


102| 


1,023 75 


1,025 00 


103 


1,030 00 


1,996 51 


98 1 


1,972 50 


1,038 70 


103 


1,030 00 


1,068 89 


106i 


1,065 00 


1,040 00 


105^ 


1,055 00 


1,050 00 


1051 


1,055 00 


1,017 75 


101" 


1,010 00 


1,093 75 


10H 


1,015 00 


1,052 50 


102 


1,020 00 


2,050 00 


105| 


2,115 00 


1,065 89 


101I 


1,015 00 


1,017 50 


106| 


1,067 50 


2,100 00 


104 


2,080 00 


2,220 00 


101^ 


2,025 00 


1,045 00 


101} 


1,018 75 


1,135 £0 


104 


1,040 00 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 



63 



Fitchburg 4s, 1907, 
Maine Central 4s, 1912, . 
Old Colony 4s, 1925, 
West End Street 4s, 1932, 



Book Value. 

$1,045 00 

2,137 50 

' 1,055 00 

1,065 00 

$89,323 20 



Rate. Market Value. 

100 $1,000 00 

101 2,020 00 
104 1,040 00 
104| 1.042 50 

$88,919 00 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, MARLBOROUGH. 

Incorporated May 18, 1855. Commenced business June 15, 1855. 

\V. 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, f 8,405. 37; extra premiums, $ 17. 07, . . . $8,422 44 

Interest, 164 38 

Total income, $8,586 82 

Ledger assets, Dec. 31, 1904, 7,123 93 

Total, $15,710 75 

Disbursements. 

Net amount paid for losses, $6,852 48 

Profits on terminated policies, 275 96 

Commissions or brokerage, 1,184 45 

Salaries, fees, etc., of officers and employees, 899 20 

Taxes and fees, 77 67 

All other disbursements, 346 39 

Total disbursements, $9,636 15 

Balance $6,074 60 

Ledger Assets. 

Cash in banks and office, $4,632 38 

Agents 1 balances, 1,442 22 

Total ledger assets, $6,074 60 

Non-Ledger Assets. 

Furniture, fixtures, safes, stationery, etc., 205 00 

Gross assets, $6,279 60 

Assets not admitted. 

Furniture, fixtures, safes, stationery, etc., 205 00 

Total admitted assets, $6,074 60 

Liabilities. 

Dividends due policy holders, $53 12 

Salaries and other miscellaneous expenses, due or accrued, . 70 60 

Commissions and other charges due agents and brokers, . . . 254 50 

All liabilities, except surplus, $378 22 



64 SAUGUS MUTUAL, FIRE INSURANCE CO. 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, .$1,943,190 00 $17,793 71 $177,937 10 

Risks written during 1905, . . . 977,802 00 9,11183 91,118 30 



Total, $2,920,992 00 $26,905 54 $269,055 40 

Risks expired and terminated, . . 432,248 00 4,089 48 40,894 80 



In force at end of year, . . . $2,488,744 00 $22,816 06 $228,160 60 

Miscellaneous. 

Losses incurred during the year, $6,852 00 

Profits or surplus returned during 1905, 10 per cent. 



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 insures nothing but dwellings, farm buildings and their contents, in 
Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, but assessments 
are made on deposit notes to pay losses and expenses. All policies are issued for a term of three 
years.] 

Income. 

Interest, $50 18 

Assessments, 2,983 56 

Policy fees, 477 00 

Total income, $3,510 74 

Ledger assets, Dec. 31, 1904, 3,537 59 

Total, $7,048 33 

Disbursements. 

Net amount paid for losses, $1,307 15 

Salaries, fees, etc., of officers and employees, 1,420 00 

Rents, 150 00 

Taxes and fees, 27 92 

Uncollected assessments charged off, 108 50 

All other disbursements, 161 91 

Total disbursements, $3,175 48 

Balance $3,872 85 

Ledger Assets. 

Cash in banks and office, f 3,717 85 

Assessments on premium notes, 155 00 

Total ledger assets, $3,872 85 

Risks and Premiums. 

Amount. Conting't Prem's . 

Risks outstanding Dec. 31, 1904, .... $2,634,020 00 $335,218 00 

Risks written during 1905, 869,500 00 112,167 00 

Total, $3,503,520 00 $447,385 00 

Risks expired and terminated, 936,525 00 119,694 00 

In force at end of year, $2,566,995 00 $327,69100 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 65 



Miscellaneous. 

Losses incurred during the year, $1,307 00 

Assessments laid on deposit notes or contingent premiums, . . 2,919 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, f 33,697 05 

Income. 

Net premiums, $3,791.50; extra premiums, $12, .... $3,80350 

Interest on stocks and bonds, $1,231; all other, $11.21, . . 1,242 21 

Profit on sale or maturity of ledger assets, 1,575 00 

Policy fees, ...'... 124 00 

Total income, $6,744 71 

Ledger assets, Dec. 31, 1904, 28,899 54 

Total, $35,644 25 

Disbursements. 

Net amount paid for losses, $680 88 

Profits on terminated policies, 2,611 75 

Commissions or brokerage, 31 76 

Salaries, fees, etc., of officers and employees, 924 00 

Rents, 120 00 

Taxes and fees, 34 67 

Deposit in South Danvers National Bank (insolvent) charged off, . 1,000 00 

All other disbursements, 312 33 

Total disbursements, $5,715 39 

Balance, $29,928 86 

Ledger Assets. 

Stocks and bonds (Schedule A), $28,283 92 

Cash in banks, 1,644 94 

Total ledger assets, $29,928 86 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 377 50 

Market value of stocks and bonds over book value, .... 1,483 96 

Gross assets, $31,790 32 

Assets not admitted. 

Dividends not declared or guaranteed, 12 50 

Total admitted assets, $31,777 82 

Liabilities. 

Unearned premiums on outstanding risks, $12,402 30 

Dividends due policy holders, 350 25 

Salaries and other miscellaneous expenses, due or accrued, . . 83 50 

All liabilities, except surplus, $12,836 05 



66 traders' and mechanics' mutual FIRE INSURANCE CO. 



Surplus, 

Total liabilities, 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

$1,150,313 00 
205,325 00 

$1,355,638 00 
144,138 00 

$1,211,500 00 
9,500 00 



$18,941 77 
$31,777 82 



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

$24,458 68 $73,376 04 
4,269 30 12,807 90 



,727 98 
3,133 30 



$25,594 68 
129 00 



$86,183 94 
9,399 90 



,784 04 



$1,202,000 00 $25,465 68 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 40, 60 and 100 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
15 shares New York, New Haven & Hartford, 
50 " Pennsylvania, .... 

Bank Stocks. 
4 shares Andover National, .... 

1 share Cape Ann National, Gloucester, 
12 shares First National, Salem (in liquidation), 
20 " Naumkeag National, Salem, . 

4 " State National, Boston, . 
20 " Warren National, Peabody, . 

Miscellaneous Stocks. 
20 shares Androscoggin Mills, 
20 " Naumkeag Steam Cotton Co., 

2 " Nashua Manufacturing Co., . 

Bonds. 
Providence, R. I., 4s, 1921, .... 
Boston & Maine 4s, 1942, .... 
N. Y. Central & Hudson River 3is, 1997, 
Western Tel. & Tel. Co. 5s, 1932/ . 



1 00 



Book Value. 

$3,168 75 

2,949 36 


Kate. 
196£ 

143f 


Market Value. 

#2,943 75 

3,590 63 


400 00 
150 00 
600 00 

2,000 00 
560 00 

2,000 00 


120 

150 

25 

156| 
154 
105 


480 00 
150 00 
150 00 

3,135 00 
616 00 

2,100 00 


2,000 00 

2,045 00 

960 00 


116 

70 

140 


2,320 00 
1,400 00 
1,400 00 


4,184 44 
3,084 50 
2,094 37 
2,087 50 


106f 
107 
981 
102 


4,270 00 
3,210 00 
1,962 50 
2,040 00 


$28,283 92 


$29,767 88 



TRADERS 1 AND MECHANICS 1 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, $190,467.98; extra premiums, $1,210.36, . . $191,678 34 
Interest on mortgage loans, $2,995.28 ; collaterals, $459.05 : stocks 

and bonds, $20,023.71, *' . . 23,478 04 

Rents, 1,562 65 

From all other sources, 160 00 

Total income, $216,879 03 

Ledger assets, Dec. 31, 1904, 615,692 69 



Total, 



$832,571 72 



traders' and mechanics' mutual FIRE INSURANCE CO. 67 



Disbursements. 

Net amount paid for losses, $69,881 66 

Profits on terminated policies, 70,827 46 

Commissions or brokerage, 27,959 96 

Salaries, fees, etc., of officers and employees, 27,458 63 

Rents, 1,696 00 

Repairs and expenses on real estate, 253 43 

Real estate taxes, $362.82 ; other taxes and fees, $2,625.40, . . 2,988 22 

Profit and loss, 3,538 09 



Total disbursements, $204,603 45 



Balance, $627,968 27 



Ledger Assets 

Real estate, $14,250; mortgages, $76,280.60, .... 

Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), . 

Cash in banks and office, . . ... 

Agents 1 balances, 



11,686 00 

478,100 00 

25,792 06 

21,859 61 



Total ledger assets, $627,968 27 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,902.28; bonds, $1,487.50; collateral loans, 

$192.17, 4,581 95 

Market value of real estate over book value, 3,750 00 

Market value of stocks and bonds over book value, .... 62,998 00 



Gross assets, $699,298 22 

Liabilities. 

Unearned premiums on outstanding risks, $326,778 85 

Dividends due policy holders, 3,189 14 

Commissions and other charges due agents and brokers, . . . 3,180 39 



All liabilities, except surplus, $333,148 38 

Surplus, 366,149 84 



Total liabilities, $699,298 22 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, .$41,222,04100 $617,188 48 $617,188 48 

Risks written during 1905, . . . 13,114,334 00 202,145 28 202,145 28 



Total $54,336,375 00 $819,333 76 $819,333 76 

Risks expired and terminated, . . 11,658,430 00 174,632 22 174,632 22 



In force at end of year, . . . $42,677,945 00 $644,701 54 $644,701 54 
Amount reinsured, .... 532,127 00 9,489 57 



Net amount in force, . . . $42,145,818 00 $635,211 97 

Miscellaneous. 

Losses incurred during the year, $68,352 00 

Profits or surplus returned during 1905, 20, 40 and 60 per cent. 



68 traders' and mechanics' mutual FIRE INSURANCE CO. 



Schedule A. Securities held as Collateral. 



35 shares Tremont & Suffolk Mills, 



2 
6 
83 
62 
13 
10 
■•6 
10 
12 
6 



Tremont & Suffolk Mills, 
Lowell Gas Light Co., . 
Massachusetts Electric, preferred, 
Massachusetts Electric, common, 
Swift & Co., .... 
Merrimack Manufacturing Co., common, 
Merrimack Manufacturing Co., preferred, 
Old Lowell National Bank, . . 
New England Telephone Co., 
Merrimack Manuf. Co., preferred, 



Company's 
Market Value. 

83,160 00 
180 00 ( 
1,500 00 J 
4,897 00 ) 
868 00 \ 
1,365 00 I 
375 50 ) 
600 00 j 
1,050 00 
1,608 00 
600 00 



Loaned 
Thereon. 

$3,000 00 
1,000 00 

4,100 00 

786 00 

1,000 00 

1,350 00 

450 00 



$16,193 50 $11,686 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Massachusetts Electric, preferred, 
25 " Vermont & Massachusetts, . . 

Bank Stocks. 
100 shares Old Lowell National, Lowell, 

Miscellaneous Stocks. 

35 shares Bigelow Carpet Co., .... 

20 " Boott Mills, 

2 " Hamilton Manufacturing Co., 

50 " Lawrence Gas Co., .... 
462 " Lowell Gas Co., 

80 " Massachusetts Cotton Mills, 

68 " Massachusetts Cotton Mills, Ga., . 
200 " Massachusetts Gas Companies, preferred, 
110 " Merrimack Manufacturing Co., . 

66 " Merrimack Manufacturing Co., preferred, 

15 " Middlesex Co., 

50 ■' Tremont & Suffolk Mills, . 
State and Municipal Bonds. 

Massachusetts 3s, 1947, 

Chicago, 111., Sanitary 5s, 1908, .... 

Quincy, 111., 4|s, 1911 

Andover, Mass., 4s, 1925, 

Boston, Mass., 4s, 1916, 

Fitchburg, Mass., 4s, 1925, 

Holyoke, Mass., 4s, 1925 

Maiden, Mass., 4s, 1925, 

Marblehead, Mass., 4s, 1921, 

Marlborough, Mass., 4s, 1924, .... 

Railroad Bonds. 

Boston & Maine 44s, 1944 

Fitchburg 4^s, 1914, 

Illinois Central (Omaha Div.) 3s, 1951, 
Illinois Central (St. Louis Div.) 3$s, 1951, . 
Long Island 5s, 1932, ...... 

Long Island 5s, 1937, 

Maine Central 4s, 1912, 

New England 5s, 1945, 

Ogdensburg & Lake Champlain 4s, 1948, 
Rutland Canadian 4s, 1949, ..... 
West End Street 4s, 1932, 



Book Value. 

$20,000 00 

2,500 00 



20,000 00 
15,000 00 
15,000 00 
30,000 00 
10,000 00 
1,000 00 
20,000 00 
10,000 00 
20,000 00 
20,000 00 
20,000 00 

$478,100 00 



Rate. 

61 

176 



10,000 00 100 

3,500 00 121 

2,000 00 100 

2,000 00 67 

5,000 00 156^ 

46,200 00 250" 

8,000 00 92 

6,800 00 100 

20,000 00 85 

11,000 00 40 

6,600 00 88 

1,500 00 78 

5,000 00 85 

25,000 00 94J 

20,000 00 102^ 

12,000 00 103J 

15,000 00 1063 

20,000 00 104| 

10,000 00 106^ 

15,000 00 106| 

10,000 00 1063 

10,000 00 105^ 

10,000 00 106jj 



116* 
106* 

824 

94" 
110 
110 
101 
1274 

99^ 

97 
104i 



Market Value. 

$12,200 00 

4,400 00 

10,000 00 

4,235 00 
2,000 00 
1,340 00 
7,825 00 
115,500 00 
7,360 00 
6,800 00 
17,000 00 
4,400 00 
5,808 00 
1,170 00 
4,250 00 

23,562 50 
20,450 00 
12,435 00 
16,031 25 
20,850 00 
10,687 50 
16,031 25 
10,687 50 
10,587 50 
10,662 50 

23,325 00 
15,825 00 
12,375 00 
28,200 00 
11,000 00 
1,100 00 
20,200 00 
12,750 00 
19,800 00 
19,400 00 
20,850 00 

$541,098 00 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 69 



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 expenses.] 

Income. 

Policy fees, 869 00 

Borrowed money, 1,000 00 

Assessments, 4,687 98 

Total income, $5,756 98 

Ledger assets, Dec. 31, 1904, 63 55 

Total, 85,820 53 

Disbursements. 

Net amount paid for losses, $1,374 13 

Commissions or brokerage, 224 75 

Salaries, fees, etc., of officers and employees, 636 35 

Rents, 30 25 

Taxes, . 46 03 

Borrowed money repaid, 3,200 00 

Interest, 143 68 

All other disbursements, 61 14 



Total disbursements, $5,716 33 

Balance, $104 20 

Ledger Assets. 

Cash in banks and office, 8104 20 

Non-Ledger Assets. 

Furniture, fixtures and safe, 75 00 

Unpaid assessments and policy fees, 206 62 

Gross assets, $385 82 

Assets not admitted. 

Furniture, fixtures and safe, 75 00 



Total admitted assets, $310 82 

Liabilities. 

Unpaid losses, $500 00 

Interest due or accrued, 37 03 

Commissions and other charges due agents and brokers, . . . 9 91 

Borrowed money, 1,900 00 



Total liabilities, $2,446 94 



70 WHITING MUTUAL INSURANCE CO. 



Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1904, .... $1,496,440 00 $102,654 24 

Risks written during 1905, 182,632 00 13,091 52 



Total, $1,679,072 00 $115,745 76 

Risks expired and terminated, 239,627 00 15,458 94 



In force at end of year, $1,439,445 00 $100,286 82 

Miscellaneous. 

Losses incurred during the year, $1,874 00 

Assessments laid on deposit notes or contingent premiums, . . 4,833 00 



WHITING MUTUAL INSURANCE COMPANY, BOSTON. 

Incorporated Nov. 9, 1898. Commenced business Jan. 1, 1899. 
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $32,859 85 

Interest on bonds, $1,678.72; all other, $65.66, .... 1,74438 

Total income, $34,604 23 

Ledger assets, Dec. 31, 1904, 44,504 86 

Total, $79,109 09 

Disbursements. 

Net amount paid for losses, $3,149 30 

Profits on terminated policies, 21,424 01 

Salaries, fees, etc., of officers and employees, 2,650 00 

Taxes and fees, 840 29 

All other disbursements, 3,072 00 

Total disbursements, $31,135 60 

Balance, $47,973 49 

Ledger Assets. 

Bonds (Schedule A) $45,000 00 

Cash in banks and office, 2,238 11 

Premiums in course of collection, 735 38 

Total ledger assets, $47,973 49 

Non-Ledger Assets. 

Interest due and accrued on bonds, 594 15 

Market value of bonds over book value, ...... 530 00 

Gross assets, $49,097 64 

Liabilities. 

Unpaid losses, $200 00 

Unearned premiums on outstanding risks, 37,008 45 

Salaries and other miscellaneous expenses, due or accrued, . . 104 90 

All liabilities, except surplus, $37,313 35 



WORCESTER MANUFACTURERS MUTUAL INSURANCE CO. 



71 



Surplus, 

Total liabilities, 



Risks outstanding Dec. 31, 1901, 
Risks written during 1905, . 



$11,784 29 
$49,097 64 



Risks and Premiums. 

Amount. 

. $9,434,805 00 
. 4,559,957 00 



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

$73,293 05 $146,586 10 
38,061 37 143,544 83 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$13,994,762 00 
. 4,995,477 00 

. $8,999,285 00 
725,781 00 



^111,354 42 
35,452 49 

$75,901 93 
2,105 61 



$290,130 93 
149,678 86 

$140,452 07 



5,273,504 00 $73,796 32 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 63.75 per cent. 

Schedule A. Bonds owned by the Company. 

State and Municipal Bonds. 

Massachusetts 3^s, 1933, 

Fall River, Mass., 3£s, 1915, 

Railroad Bonds. 
Lake Shore & Michigan Southern 4s, 1928, . 

Michigan Central 3^s, 1952, 

New York, New Haven & Hartford 4s, 1914, 

Miscellaneous Bonds. 
American Bell Telephone Co. 4s, 1908, . 
American Telephone & Telegraph Co. 4s, 1929, . 
New England Telephone & Telegraph Co. 5s, 1919, 
Western Telephone & Telegraph Co. 5s, 1932, 
Western Union Telegraph Co. 4^s, 1950, 



$2,693 00 



Book Value. 


Rate. 


Market Value. 


$4,000 00 
5,000 00 


104^ 
100 


$4,170 00 
5,000 00 


3,000 00 
2,000 00 
2,000 00 


99* 
97| 
101 


2,985 00 
1,950 00 
2,020 00 


5,000 00 
6,000 00 
4,000 00 
3,000 00 
11,000 00 


991 
94| 

106 £ 

102 

104 


4,975 00 
5,670 00 
4,260 00 
3,060 00 
11,440 00 


$45,000 00 


$45,530 00 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

WORCESTER. 

Incorporated March 31, 1855. Commenced business March 31, 1855. 
WALDO E. BUCK, President. CHARLES S. BACON, Secretary. 

Income. 

Net premiums, $579,473 24 

Interest on stocks and bonds, $21,710.42 ; all other, $2,228.93, . 23,939 35 

Dividend on City National Bank stock, 300 00 

Profit on sale or maturity of ledger assets, 755 68 



Total income, $604,468 27 

Ledger assets, Dec. 31, 1904, 568,598 78 



Total $1,173,067 05 

Disbursements. 



Net amount paid for losses, 

Profits on terminated policies, . 

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

Rents, 

Taxes and fees, 

1905 premiums paid in 1904, 
Inspections, plans and adjustments, . 



$24,880 91 

519,872 86 

11,513 33 

1,000 00 

6,078 12 

356 89 

8,852 30 



72 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 



Protective departments, 
All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Premiums in course of collection, 



Total ledger assets, 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 



Gross assets, 

Assets not admitted 
Dividends not declared or guaranteed, 



Total admitted assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 



All liabilities, except surplus, 
Surplus, 



Total liabilities, 



$109 93 
1,520 27 



$574,184 61 
$598,882 44 



$530,630 00 

59,844 70 

8,407 74 

$598,882 44 



7,583 15 
24,441 25 

$630,906 84 

1,128 99 

$629,777 85 



$5,375 57 

284,916 09 

1,600 98 

$291,892 64 
337,885 21 

$629,777 85 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 



Risks and Premiums. 

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

. $69,158,193 00 $544,124 10 $2,720,620 50 

. 77,930,693 00 605,537 66 3,027,688 30 



Total 

Risks expired and terminated, 

Net amount in force, . 



$147,088,886 00 $1,149,661 76 $5,748,308 80 
. 73,784,388 00 579,829 58 2,899,147 90 



. $73,304,498 00 $569,832 18 $2,849,160 90 

,271 00 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 93.894 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
100 shares Connecticut River, .... 
52 " Norwich & Worcester, preferred, 
100 " Union Pacific, preferred, ... 
100 " Union Pacific, common, 

Miscellaneous Stocks. 
200 shares Northwestern Telegraph Co., 

Railroad Bonds. 
Atchison, Topeka & Santa Fe' general mort. 4s, 1995, 

Boston & Albany 34s, 1951, 

Boston & Lowell 3is, 1923, 

Boston & Lowell 4s, 1932 



Book Value. 


Kate. 


Market Value. 


$25,000 00 

10,700 00 

7,700 00 

9,730 00 


295 
235 
99i 
150§ 


$29,500 00 

12,220 00 

9,950 00 

15,062 50 


12,487 50 


125 


12,500 00 


15,000 00 
15,000 00 
20.000 00 
20,000 00 


1011 

99 

97* 
105| 


15,281 25 
14,850 00 
19,500 00 
21,150 00 



WORCESTER MUTUAL FIRE INSURANCE CO. 



73 



Boston & Maine 4|s, 1944, 
Buffalo & Susquehanna 4s, 1951, * 
Central of New Jersey 5s, 1987, 
Chicago, Burlington & Quincy 4s, 1922, 
Chicago, Burlington & Quincy 3^s, 1949, 
Chicago & Cincinnati 5s, 1952, 
Chicago & Eastern Illinois 6s, 1907, 
Chicago June. & Union Stock Yards 5s, 1915 
Chicago, Rock Island & Pacific 4s, 2002, 
Cincinnati & Indiana Western 5s, 1952, 
Cincinnati, Richmond & Muncie 5s, 1950, 
Concord & Montreal 4s, 1920, 
Erie (Penn. Coll.) 4s, 1951, . 

Fitchburg 5s, 1908 

Lake Shore & Michigan Southern 4s, 1928, 
North. Pacific-Gt. Northern (C, B. & Q. col.) 4s 
Ogdensburg & Lake Champlain 4s, 1948, 
Old Colony 4s, 1924, .... 
Oregon R.R. and Navigation Co. 4s, 1946, 
Oregon Short Line 5s, 1946, . 
Oregon Short Line 4s, 1929, . 
Richmond- Washington 4s, 1943, . 
Rio Grande Western 4s, 1939, 

Rutland 4is, 1912, 

Toronto, Hamilton & Buffalo 4s, 1946, . 
Union Pacific 4s, 1947, .... 
West End Street 4£s, 1914, . 
West End Street 4s, 1915, 
Wisconsin Central 4s, 1949, . 

Miscellaneous Bonds. 
American Bell Telephone Co. 4s, 1908, 
American Telephone & Telegraph Co. 4s, 1929, 
American Telephone & Telegraph Co. 5s, 1907, 



1921 



Book Value. 


Rate. 


Market Value. 


. $20,000 00 


116| 


$23,325 00 


14,700 00 


97| 
13l| 


14,625 00 


10,000 00 


13,175 00 


19,000 00 


100^ 


19,047 50 


14,456 25 


94f 


14,212 50 


5,000 00 


107 


5,350 00 


15,000 00 


103 


15,450 00 


6,000 00 


106 


6,360 00 


8,912 50 


1% 


7,912 50 


5,300 00 


107 


5,350 00 


10,000 00 


107 


10,700 00 


20,000 00 


102 


20,400 00 


9,400 00 


93 


9,300 00 


15,000 00 


101$ 


15,281 25 


20,000 00 


991 


19,900 00 


1, 23,531 25 


99f 


24,968 75 


10,000 00 


99 


9,900 00 


15,000 00 


104 


15,600 00 


10,000 00 


100f 


10,062 50 


5,000 00 


im 


5,875 00 


19,475 00 


95| 


19,025 00 


10,350 00 


103£ 


10,325 00 


10,000 00 


98 


9,800 00 


10,000 00 


98 


9,800 00 


4,887 50 


97i 


4,875 00 


5,000 00 


104| 


5,237 50 


10,000 00 


104^ 


10,425 00 


10,000 00 


10l| 


10,150 00 


9,200 00 


93 


9,300 00 


25,000 00 


m 


24,875 00 


9,800 00 


94| 


9,450 00 


15,000 00 


100" 


15,000 00 


8530,630 00 


$555,071 25 



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, $123,811.51; extra premiums, $660.21, . . . $124,47172 
Interest on mortgage loans, $15,422.76 ; collaterals, $230. 14 ; bonds, 

$12,860; allother, $732.17, 29,245 07 

Rents, 8,419 98 

Profit on sale or maturity of ledger assets, 8,084 45 

Total income, $170,221 22 

Ledger assets, Dec. 31, 1904, ' 804,802 44 

Total, $975,023 66 



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, $2,720.12 ; other taxes and fees, $1,246.33, 
Loss on sale or maturity of ledger assets, .... 
Protective department taxes, 



$42,744 07 

78,253 58 

14,473 38 

14,940 80 

1,152 08 

3,966 45 

3,443 15 

533 32 



74 



WORCESTER MUTUAL FIRE INSURANCE CO. 



All other disbursements, 



$5,669 87 



Total disbursements, $165,176 70 

Balance, 



Ledger Assets. 

Real estate, $100,000; mortgages, $296,506, 

Loans secured by collateral (savings bank book), . 

Bonds (Schedule A) 

Cash in banks and office, 

Agents' balances, 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,291.23 ; bonds, $5,369. 98 ; collateral loans, $2.43 ; 

other assets, $76.26, 

Rents due and accrued on company's property, .... 

Market value of real estate over book value, 

Market value of bonds over book value, 

Gross assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $289,115.66 ; plus same 

on disallowed reinsurance, $44.98, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, . 

Due for return premiums, 

All liabilities, except surplus, 

Surplus, 



$809,846 96 



$396,506 00 

450 00 

361,000 00 

39,510 08 

12,380 88 

$809,846 96 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Amount. 

. $43,926,262 00 
. 9,407,443 00 

. $53,333,705 00 
. 10,150,380 00 



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

$606,407 33 $606,407 33 
129,277 23 129,277 23 



$735,684 56 $735,684 56 
141,896 40 141,896 40 



. $43,183,325 00 $593,788 16 $593,788 16 
13,150 00 176 30 



. $43,170,175 00 $593,611 86 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 20, 25 ; 40, 50 ; 60, 70 per 
cent 



Schedule A. Bonds owned by the Company. 



State Bonds. 
Massachusetts 3is, 1934, 
Massachusetts 3|s, 1945, 



Book Value. 
$5,000 00 
15,000 00 



Rate. 
104i 
106| 



$43,190 00 



Market Value. 
$5,225 00 
15,806 25 



WORCESTER MUTUAL FIRE INSURANCE CO. 



75 



Railroad Bonds. 
Bangor & Aroostook 4s, 1951, 
Boston & Albany 4s, 1913, 
Boston & Albany 3|s, 1951, 
Boston & Lowell 3|s, 1921, 
Boston & Maine 4s, 1937, 
Boston & Maine 4|s, 1944, 
Central Pacific 4s, 1954, 
Chicago, Burlington & Quincy 3|s, 1949, 
Chicago and Cincinnati 5s, 1952, . 
Chicago, Rock Island & Pacific 4s, 1934, 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago & Western Indiana 4s, 1952, . 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Concord & Montreal 4s, 1920, 
Fitchburg 4s, 1927, .... 

Illinois Central (St. Louis Div.) 3^s, 1951, 
Illinois Central (Louisville Div.) 3|s, 1953, 
Maine Central 4s, 1933,'. 
N. Y. Central & Hudson River 3|s, 1997, 
New York, New Haven & Hartford 4s, 1947, 
New York, New Haven & Hartford 3|s, 1947, 
New York, New Haven & Hartford 4s, 1955, 
Pere Marquette 4s, 1943, .... 

St. Paul, Minn., and Manitoba, 4|s, 1933, 
Toledo, Walhonding Val., and Ohio 4s, 1942, 
West End Street 4s, 1915, .... 
Worcester, Nashua & Rochester 4s, 1930, 
Worcester, Nashua & Rochester 4s, 1934, 



Book Value. 


Rate. 


Market Value. 


$5,000 00 


96 


$4,800 00 


10,000 00 


102 


10,200 00 


5,000 00 


99 


4,950 00 


50,000 00 


97i 


48,750 00 


10,000 00 


1061 


10,675 00 


5,000 00 


116| 


5,831 25 


5,000 00 


97 


4,850 00 


15,000 00 


94| 


12,212 50 


10,000 00 


107 


10,700 00 


32,000 00 


94| 


30,240 00 


10,000 00 


103| 


10,375 00 


10,000 00 


99 


9,900 00 


12,000 00 


111 


13,320 00 


15,000 00 


102 


15,300 00 


25,000 00 


104 


26,000 00 


13,000 00 


94 


12,220 00 


13,000 00 


94 


12,220 00 


5,000 00 


104 


5,200 00 


6,000 00 


98J 


5,887 50 


10,000 00 


105| 


10,550 00 


10,000 00 


95 


9,500 00 


20,000 00 


106 


21,200 00 


5,000 00 


94 


4,700 00 


5,000 00 


lllf 


5,587 50 


20,000 00 


99^ 


19,900 00 


6,000 00 


101* 


6,090 00 


5,000 00 


105| 


5,262 50 


4,000 00 


105| 


4,230 00 


$361,000 00 


$361,682 50 



76 



AGGREGATE. 



AGGREGATE. 



Guaranty capital, 
Admitted assets, 



Assets. 



Liabilities, 



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 thereon, 

of losses incurred during the year, 

of permanent fund, . 



$100,000 
$13,772,704 

$6,784,780 



$7,763,997 

498,647 

38,233 

63,775 

$8,364,652 



$1,188,086 

293,990 

379,512 

98,815 

26,844 

5,532,636 

7,000 

366,644 

$7,893,527 



.,185,669,693 

36,213,461 

1,205,412 

4,336,240 



CHINA MUTUAL INSURANCE CO. 77 



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, $280,582 34 

Interest on stocks and bonds, $6,490.60 ; all other, $384.21, . . 6,874 81 

Increase in book value of securities, 1,448 75 

Atlantic Mutual Insurance Co. scrip, 540 00 

Borrowed money, 64,000 00 

Total income $353,445 90 

Ledger assets, Dec. 31, 1904 240,287 36 

Total, $593,733 26 

Disbursements. 

Net amount paid for marine losses, $238,945 60 

Interest paid scrip holders, 15,212 70 

Interest on borrowed money, 2,803 11 

Commissions or brokerage, 22,272 28 

Salaries, fees, etc., of officers and employees, 20,875 00 

Rents 3,650 00 

Taxes and fees, 1,881 24 

Borrowed money repaid, 64,000 00 

All other disbursements, 5,824 72 

Total disbursements, $375,464 65 

Balance, $218,268 61 

Ledger Assets. 

Stocks and bonds (Schedule A) $106,842 00 

Cash in banks and office, 37,752 01 

Bills receivable, 35,306 78 

Premiums in course of collection, 38,367 82 

Total ledger assets, $218,268 61 

Non-Ledger Assets. 

Salvage, 12,000 00 

Gross assets, $230,268 61 



78 



CHINA MUTUAL INSURANCE CO. 



Assets not admitted. 

Prem's in course of collection over three months due, $166 00 

Bills receivable, past due, 1,254 50 

Book value of stocks and bonds over market value, . 699 90 

Total unadmitted assets, 



$2,120 40 



Total admitted assets, $228,148 21 



Liabilities. 
Unpaid losses, $47,729.44; less reinsurance, $8,711, 
Unearned premiums on outstanding risks, 

Interest due or accrued, 

Unpaid scrip ordered to be redeemed, .... 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, . 
Due for return premiums, $500 ; reinsurance, $7,270.78, . 



All liabilities, except scrip and surplus, 

Surplus to policy holders, 

Scrip outstanding not ordered to be redeemed, . 
Impairment of scrip reserve, .... 

Risks and Premiums 



Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total 

Risks expired and terminated, . 



In force at end of year, 
Amount reinsured, 

Net amount in force, 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Marine and inland losses incurred during the year, 



$50,389 29 



$39,018 44 

128,088 00 

321 70 

60 00 

500 00 

2,000 00 

7,770 78 

$177,758 92 

506,090 00 
455,700 71 



Premiums. 

$8,635,200 00 $219,966 21 
17,601,899 00 344,799 33 



$26,237,099 00 
17,048,646 00 



$9,188,453 00 
653,904 00 



,765 54 

332,641 84 

$232,123 70 

20,055 88 



5,534,549 00 $212,067 82 



$20,027,868 00 

. 14,382,108 00 

209,653 00 



Schedule A. Stocks and Bonds owned by the Company. 



100 shares Boston & Albany R.R., 
300 " New York, New Haven & Hartford R.R., 
10 " Underwriters Salvage Co., . 
Atlantic Mutual Ins. Co. Scrip Issue 1900, 
Atlantic Mutual Ins. Co. Scrip Issue 1901, 
Atlantic Mutual Ins. Co. Scrip Issue 1902, 
Atlantic Mutual Ins. Co. Scrip Issue 1903, 
Atlantic Mutual Ins. Co. Scrip Issue 1904, 
Atlantic Mutual Ins. Co. Scrip Issue 1905, 
Boston & Maine R.R. 3is, 1921, . 



Book Value. 

$25,450 00 

59,400 00 

1,000 00 



Rate. Market Value. 



5,992 00 { 



15,000 00 
$106,842 00 



254i 
196f 
100 
105 
106 
107 
108 
108* 
1091 
97i 



$25,450 00 

58,875 00 

1,000 00 

1,270 50 

2,120 00 

770 40 

680 40 

759 50 

591 30 

14,625 00 

$106,142 10 



INDIA MUTUAL INSURANCE CO. 



79 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

Incorporated March 29, 1867. Commenced business May 2, 1867. 

Guaranty Fund paid up in Notes, $152,000. 

H. B. ALDEN, President. GEO. H. CROWELL, Secretary. 

Office, 72 Kilby Street. 

Income. 

Net fire premiums, $132,114 11 

Interest on stocks and bonds, 5,129 68 

Total income, 

Ledger assets, Dec. 31, 1904, .... 



Total, 



Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to scrip holders, 
Interest paid to scrip holders, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, 

Uncollected premiums, 

All other disbursements, 



Total disbursements, 



Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Subscription notes on time not exceeding 12 months 
Deposit with Philadelphia Underwriters 1 Association 
Deposit with Boston Board of Underwriters, 

Total ledger assets, 

Non-Ledger Assets 
Interest accrued : — 

On stocks and bonds, 

Market value of stocks and bonds over book value, 

Gross assets, 

Assets not admitted 

Agents' balances over three months due, . 
Deposit with Philadelphia Underwriters Association 
Deposit with Boston Board of Underwriters, 
Total unadmitted assets, .... 



not yet due, 



|2,561 81 
100 00 
100 00 



$137,243 79 
267,661 90 

$404,905 69 



$64,654 31 
3,040 00 
3,039 80 
30,967 60 
7,319 00 
2,060 68 
1,018 30 
35 97 
3,522 59 

$115,658 25 

$289,247 44 



$102,943 13 

13,931 41 

20,172 90 

152,000 00 

100 00 

100 00 

$289,247 44 



218 33 
24,796 87 

$314,262 64 



2,761 81 



Total admitted assets, $311,500 83 



Liabilities. 

Unpaid losses, #13,121 .03 ; less reinsurance, $26.33, 
Unearned premiums on outstanding risks, 



$13,094 70 
83,119 67 



80 



INDIA MUTUAL INSURANCE CO. 



Dividends due scrip holders, 

Salaries and other miscellaneous expenses, due or accrued, 

Due for reinsurance premiums, 

All liabilities, except guaranty fund and surplus, 

Surplus to policy holders, 8213,593 01 

Guaranty fund, 

Scrip outstanding not ordered to be redeemed, 

Impairment of scrip reserve, 



$609 58 
400 43 
683 44 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$11,805,307 00 
. 13,117,623 00 



$24,922,930 00 
11,747,097 00 

$13,175,833 00 
406,820 00 



$97,907 82 

152,000 00 
150,471 00 

88,877 99 



Premiums. 

$152,116 37 
160,086 42 

$312,202 79 
145,866 00 

$166,336 79 
4,438 31 



.$12,769,013 00 $161,898 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, 



$4,297,554 00 

2,991,394 00 

70,494 00 

139,750 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

10 shares Boston & Albany, 
100 " Boston & Maine, . 

25 " Fitchburg, preferred, . 
110 " N. Y., New Haven & Hartford, 
120 rights N. Y., New Haven & Hartford, 
150 shares Old Colony, .... 
100 " Pennsylvania, 
125 " West End Street, preferred, . 
Miscellaneous Stocks. 

60 shares American Telephone & Telegraph Co., 

25 " Pullman Co., 

10 " Southern Oregon Co., .... 

India Mutual Scrip, $5,801, 

Bonds. 
Northern Pac.-Gt. Northern (C. B. & Q. col.) 4s, 1921, 
American Tel. & Tel. Co. 5s, 1907, . 



Book Value. 

$2,116 00 

14,550 00 

2,383 25 

19,661 88 

780 00 

18,750 00 

6,843 75 

9,872 75 

9,225 00 

3,240 00 

843 00 



4,540 00 
10,137 50 

$102,943 13 



Rate. 
254i 
172^ 
142i 
196| 
5 
208 
143f 
226 

138 

245 

34 



99^ 
100 



Market Value. 

$2,545 00 

17,200 00 

3,562 50 

21,587 50 

600 00 

31,200 00 

7,181 25 

14,125 00 

8.280 00 

6,125 00 

340 00 



4,993 75 
10,000 00 

$127,740 00 



AGGREGATE. 



81 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 


$152,000 


Whole amount of outstanding scrip not cancelled, 


656,561 


Assets. 




Admitted assets, 


$539,649 


Liabilities. 






f275,667 


Income. 




Cash actually received for fire premiums, 


$132,114 


actually received for marine premiums, 






280,582 


for interest and dividends from all sources, . 






12,004 


borrowed money, 






64,000 


from all other sources, 






1,989 




$490,689 


Disbursements. 




Cash actually paid during the year for fire losses, 


164,654 


actually paid during the year for marine losses, 






238,946 


for brokerage and commissions on premiums, 






53,239 


for salaries and pay of officers and employees, 






28,194 


for rents, 






5,711 


for State and local taxes, .... 






2,900 


for office, agency and incidental expenses, . 






12,186 


Interest paid scrip holders, 






21,292 


Borrowed money repaid, 






64,000 


Total disbursements 


$491,122 


Miscellaneous. 




Fire risks outstanding at end of year, 


$12,769,013 


Marine risks outstanding at end of year, ..... 


8,534,549 


Fire losses incurred during the year, 


70,494 


Marine losses incurred during the year, 


209,653 






82 AMERICAN INSURANCE CO. 



MASSACHUSETTS JOINT-STOCK FIRE, MARINE AND 
FIRE-MARINE INSURANCE COMPANIES, 



AMERICAN INSURANCE COMPANY, BOSTON. 

Incorporated June 12, 1818. Commenced business Jane 18, 1818. 

Paid-up Capital, $300,000. 

¥RANCIS PEA BODY, President. HENRY S. BEAN, Secretary. 

Office, 30 Kilby Street. 

Income. 

Net fire premiums, $634,040 22 

Interest on mortgage loans, $1,552.76 ; stocks and bonds, $21,274.61 ; 

all other, $1,200.26 24,027 63 

Profit on sale or maturity of ledger assets, 738 00 

Total income $658,805 85 

Ledger assets, Dec. 31, 1904, 659,118 49 

Total, $1,317,924 34 

Disbursements. 

Net amount paid for fire losses, $279,825 97 

Interest and dividends to stockholders, 21,000 00 

Commissions or brokerage, 156,562 55 

Salaries, fees, etc., of officers and employees, 23,619 89 

Rents, 2,140 00 

Taxes and fees, 16,153 05 

All other disbursements, 48,638 39 

Total disbursements, . . . , $547,939 85 

Balance $769,984 49 

Ledger Assets. 

Mortgages, $37,000 00 

Stocks and bonds (Schedule A), 584,324 08 

Cash in banks and office, ......... 57,675 08 

Agents 1 balances, 90,985 33 

Total ledger assets, $769,984 49 

Non-Ledger Assets. 

Interest accrued * 

On mortgages, $408.75; stocks and bonds, $6,074.13, . . . 6,482 88 

Market value of stocks and bonds over book value, .... 15,134 42 

Gross assets, $791,601 79 

Liabilities. 

Unpaid losses, $45,630.01 ; less reinsurance, $10,916, . . . $34,714 01 

Unearned premiums on outstanding risks, 369,044 50 



AMERICAN INSURANCE CO. 



83 



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, 



#383,917 39 



$1,530 27 

391 48 

2,004 14 

$407,684 40 

300,000 00 
83,917 39 



Total liabilities, $791,601 79 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. $77,123,509 00 
. 67,444,725 00 

$144,568,234 00 
. 58,331,243 00 

.$86,236,991 00 
. 33,306,262 00 



Premiums. 

$963,371 20 
883,375 66 

1,846,746 86 
776,228 57 

1,070,518 29 
384,015 46 



. $52,930,729 00 $686,502 83 



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, 



$16,204,532 00 

9,876,017 00 

279,005 00 

2,958,000 00 

21,000 00 

78,400 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
13 shares Boston & Lowell, .... 
102 " Massachusetts Electric, preferred, 
124 " Old Colony, . . " . 

Bank Stocks. 
122 shares Old Boston National, Boston, 
28 " Tremont National, Boston (liquidating) , 

Miscellaneous Stocks. 
5,000 shares Atlantic Mutual Insurance Co. scrip, 1903 

10 " Claverly Trust, 

2 " General Adjustment Bureau, 
80 " Merrimack Manufacturing Co., common, 
48 " Merrimack Manufacturing Co., preferred 
100 " Pemberton Building Trust, 
5 " Underwriters' Salvage Co., 

State and Municipal Bonds 
Massachusetts 3rss, 1913, 
Boston, Mass., 3|s, 1933, 
Boston, Mass., 3^s, 1944, 
Boston, Mass., Us, 1923, 
New York, N. Y., 3^s, 1954, . 

Railroad Bonds. 
Atchison, Top. & Santa Fe (East. Okla. Div.) 4s, 1928 
Baltimore & Ohio (Southwestern Division) 3is, 1925, 

Boston Terminal 3.\s, 1947, 

Chicago, Burlington & Quincy (Denver Ex.) 4s, 1922 
Chicago, Mil. & St. Paul (Dubuque Division) 6s, 1920 
Cincinnati, Indianapolis, St. Louis & Chicago 4s, 1936 
Ft. Street (Detroit) Union Depot 4^s, 1941, . 
Interborough Rapid Transit 4s, 1908, 
Louisville & Nashville (St. Louis property) 5s, 1916, 



Book Value. 
$6,500 00 
9,945 00 
12,400 00 

12,200 00 
980 00 

5,140 00 
5,000 00 

100 00 

8,00 000 

4,800 00 

10,300 00 

500 00 

18,500 00 
5,000 00 
32,000 00 
86,145 83 
35,000 00 

4,725 00 

8,925 00 

22,143 00 

34,000 00 

25,000 00 

40,000 00 

7,547 00 

9,862 50 

9,581 25 



Rate. 

241 

61 

208 

1061 



108 

99 
100 

40 

88 

90 
100 

101| 

100 

100 

100 

100 

98 
911 

no| 

lOOf 
124 
101 
104 
98 
107 



Market Value. 

$15,665 00 

6,222 00 

25,792 00 



12,993 00 



5,400 00 
4,950 00 

100 00 
3,200 00 
4,224 00 
9,000 00 

500 00 

18,292 50 
5,000 00 
32,000 00 
85,000 00 
35,000 00 

4,900 00 

9,125 00 

22,050 00 

34,085 00 

31,000 00 

40,400 00 

7,280 00 

9,800 00 

9,630 00 



* Value indeterminable. 



84 



BOSTON INSURANCE CO. 



North. Pacific-Gt. Northern (C.,B. & Q. col.) 4s 
Oregon Short Line 4s, 1929, .... 
Terminal Association, St. Louis, 4s, 1953, 
Terminal Association, St. Louis, con v. 5s, 1944, 
Wahash-Pittsburgh Terminal 4s, 1954, . 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 4s, 1929, 
Central Union Telephone Co. 5s, 1919, . 
Eastern Steamship Co. 5s, 1927, 
Lackawanna Steel Co. 5s, 1923, 
St. Louis National Stock Yards 4s, 1930, 
Somerset Hotel Trust 4s, 1921, 
United Electric Securities Co. 5s, 1933, 



Book Value. 


Kate. 


Market Value. 


, 1921, $7,540 00 


99£ 


$7,990 00 


9,787 50 


95£ 


9,512 50 


15,000 00 


100 


15,000 00 


4,444 00 


122| 


4,910 00 


9,125 00 


85| 


8,562 50 


29,650 00 


m 


28,350 00 


25,093 00 


97 


24,250 00 


10,420 00 


100 


10,000 00 


20,270 00 


105 


21,000 00 


5,700 00 


96 


5,760 00 


28,000 00 


98 


27,440 00 


5,000 00 


10H 


5,075 00 


$584,324 08 




$599,458 50 



BOSTON INSURANCE COMPANY, BOSTON. 

Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874. 
n Paid-up Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 137 Milk Street. 

Income. 

Net lire premiums, $711,560.43; marine, $1,125,475.92, . . .$1,837,036 35 
Interest on mortgage loans, $46,016.67; collaterals, $3,295.32 

stocks and bonds, $81,392. 88; all other, $11,238.87, . . '. 141,943 74 

Rents, 1,552 60 

Profit on sale or maturity of ledger assets, 397 59 

Bank tax refunded, 5,937 85 



Total income, 
Ledger assets, Dec. 31, 1904, 



$1,986,868 13 
3,749,164 98 



Total, $5,736,033 11 



Disbursements. 

Net amount paid for fire losses, $303,769.72 ; marine, $579,868.15, 

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, $285.19 ; other taxes and fees, $42,600.08, 

Loss on sale or maturity of ledger assets, . 

Paid on account of contingent salvage, 

Advertising, printing and stationery, 

Furniture and fixtures, .... 

Boards and patrols, . 

Legal expenses, 

Maps, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 
Real estate, $15,000 ; mortgages, $1,132,916, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents 1 balances, 



$883,637 87 

120,000 00 

310,040 39 

145,997 88 

17,383 33 

854 12 

42,885 27 

1,430 51 

2,977 50 

12,013 

1,485 

13,666 

615 

1,820 

33,687 



32 
55 
66 
10 
69 
75 



,588,495 94 
1,147,537 17 



11,147,916 00 
71,000 00 

1,974,932 41 
600,068 82 
280,497 72 



BOSTON INSURANCE CO. 



85 



Bills receivable 

Atlantic Mutual Insurance Co. scrip, 

Deposit with fire boards, 

Due from other companies for reinsurance, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $ L0,488.67 ; stocks and bonds, $4,698.33; on collat- 
eral loans, $212.50, . . 

Market value of stocks and bonds over book value, . 

Gross assets, . 



,195 96 
1,050 00 

200 00 
2,676 26 



1,147,537 17 



$15,399 50 
305,976 59 

$1,468,913 26 



Assets not admitted. 

Agents 1 balances over three months due, . . . $13,802 83 

Bills receivable, past due, 6,481 07 

Amount due from unauthorized companies, . . 327 70 

Deposit with fire boards, 200 00 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $3,050 resisted, $272,673.26 ; less reinsur- 
ance, $35,158.20, 

Unearned premiums on outstanding risks, .... 

Commissions and other charges due agents and brokers (esti- 
mated), 

Due for reinsurance premiums, 

Contingent salvage, 



20,811 60 
1,448,101 66 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



!,148,794 54 



Total liabilities, 



$237,515 06 

1,021,312 70 

33,083 71 

4,418 15 

2,977 50 

$1,299,307 12 

1,000,000 00 

2,148,794 54 

$4,448,101 66 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 



IM; 
Mi 
Total, 
Risks expired and terminated, . 



In force at end of year, 
Amount reinsured, 

Net amount in force, 



$122,329,786 00 
. 111,153,754 00 

$233,483,540 00 
. 90,995,190 00 

$142,488,350 00 
. 28,353,095 00 



Premiums. 

(1,251,994 31 

1,087,745 63 

'2,339,739 94 

920,481 97 

$1,419,257 97 

276,837 83 



$114,135,255 00 $1,142,420 14 

.$13,238,989 00 $487,539 39 
. 153,798,585 00 1,348,657 93 

$167,037,574 00 $1,836,197 32 
.144,964,786 00 1,127,073 20 

.$22,072,788 00 $709,124 12 
568,408 00 31,152 30 

.$21,504,380 00 $677,971 82 



86 



BOSTON INSURANCE CO. 



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, 

Schedule A. Securities held as Collateral 



$41,509,263 00 
27,005,469 00 
317,121 00 
600,494 00 
2,840,000 00 
120,000 00 
133,200 00 



83 shares Boston Safe Deposit & Trust Co 
375 " Eastern Steamship Co., 
10 " Bangor & Aroostook R.R., 
10 " Aroostook Construction Co., 
20 " Northern Telegraph Co. , . 

2,000 " Bangor Investment Co., 

72 " Northern Maine Seaport R.R. 

Portland S. S. 6s, 1926, .... 



Company's 
Market Value. 

$24,900 00 
26,250 00 
1,500 00 1 
45,056 80 | 
2,121 20 j- 
2,000 00 

367 92 J 
15,000 00 



Loaned 
Thereon. 

$15,000 00 
8,500 00 



35,000 00 



12,500 00 



$117,195 92 $71,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
10 shares Bangor & Aroostook, . 

350 " Boston & Albany, 

100 " Boston & Lowell, 

220 " Chicago, Milwaukee & St. Paul, 

50 " Connecticut & Passumpsic, preferred 

250 " Delaware & Hudson, . 

160 " Delaware & Hudson rights, 

250 " Fitchburg R.R. Co., preferred, . 

50 " Manchester & Lawrence, . 

1,000 " N. Y. Central & Hudson River, 

1,000 " New York, New Haven & Hartford, 

72 " Northern Maine Seaport, . 

100 " Old Colony, .... 

1,600 " Pennsylvania, .... 

60 " "Wisconsin Central, preferred, . 

60 " Wisconsin Central, common, 

Bank Slocks. 
100 shares Atlantic National, Boston, 
130 " Beverly National, 
100 " Brookline National, . 
182 '• Commercial National, Boston, . 

77 " Faneuil Hall National, Boston, . 
300 " First National, Boston, 
Equity in 100 shares First Nat., Salem (in liquidation) 
125 shares Freeman's National, Boston, 
100 " Mercantile National, Salem, 
400 " Merchants National, Boston, 
100 " Merchants National, Salem, 
100 " Merchants National, Worcester, 
150 " National Bank of Republic, Boston, 
100 " National Exchange, Boston, 

17 " National Grand, Marblehead, 
200 " National Shawmut, Boston, 

50 " Naumkeag National, Salem, 
150 " New England National, Boston, 
300 " State National, Boston, 
Equity in 50 shares Trem't Nat., Bos'n (in liquidation) 
154 shares Webster- Atlas National, . 

Miscellaneous Stocks. 
1,500 shares American Tel. & Tel. Co., 
10 " Aroostook Construction Co., 



Book Value. 
$1,500 00 

72.624 27 
16,412 50 
24,362 50 

6,213 25 

45,843 75 

164 80 

20,808 38 

12,582 50 

129,090 00 

192,442 78 

427 92 

17,712 50 

99,071 88 

5,718 75 

2,093 48 

15,593 00 
16,603 00 
10,000 00 
34,955 00 
10,477 25 
56,663 00 

7,793 13 
11,050 00 
12,285 37 
67,169 13 

6,822 75 
15,000 00 
19,391 12 

11.625 00 
2,040 00 

30,000 00 
6,790 00 

20,584 00 

39,886 08 
2,556 50 

21,108 50 

190,928 26 
46,156 80 



Rate. 


Market Value. 


150 


$1,500 00 


2541 


89,075 00 


241 


24,100 00 


181$ 


39,985 00 


165 


8,250 00 


220 


55,000 00 


142i 


35,625 00 


255 


12,750 00 


153* 


153,125 00 


196± 


196,250 00 



208 
143| 
60| 
28 

136 
150 
200 
136 
137i 
278 ^ 
25 
1051 
102 
210 
I56f 
150 
163 
150 
110 
268 
156| 
140 
154 

146 

138 
4,500 



20,800 00 

114,900 00 

3,645 00 

1,680 00 

13,600 00 
19,500 00 
20,000 00 
24,752 00 
10,587 50 
83,400 00 

2,500 00 
13,156 25 
10,200 00 
84,000 00 

7,837 50 
15,000 00 
24,450 00 
15,000 00 

1,870 00 
53,600 00 

7,837 50 
21,000 00 
46,200 00 
_ * 

22,484 00 

207,000 00 
45,000 00 



* Value indeterminable. 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



87 



2,000 shares Bangor Investment Co., 

275 " Edison Electric Illuminating Co., 

50 " Manchester Mills, common, 

200 " Manchester Mills, preferred, 

20 " Northern Telegraph Co., . 

300 " Pullman Palace Car Co., . 

5 " Underwriters' Salvage Co. of New York, 

State and Municipal Bonds. 
Georgia 4*s, 1915, . 
Georgia 4|s, 1915, . 
Georgia 3*8, 1918, . 
Georgia 3§s, 1920, . 
Georgia 3*8, 1928, . 
Boston, Mass., 4s, 1909, 
Boston, Mass., 4s, 1910, 
Boston, Mass., 4s, 1920, 
Boston, Mass , 4s, 1921, 
Newton, Mass., 4s, 1920, 
Savannah, Ga., 5s, 1909, 

Railroad Bonds. 
Albany & Susquehanna 3*jb, 1946, .... 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 
Atchison, Topeka & Santa Fe adjustment 4s, 1995, 

Boston & Lowell 4s, 1932, 

Chicago, Burlington & Quincy 4s, 1922, 

Fitch burg 5s, 1908, 

Fitchburg 4s, 1927, 

Illinois Central (Louisville Division) 3|s, 1953, . 

N. Y. Cen. & Hudson River (Lake Shore) %, 1998, 

Northern Maine Seaport 5s, 1935, . 

Old Colony 4s, 1925, 

Oregon Short Line 6s, 1922, . 

Oregon Short Line 5s, 1946, . 

Pennsylvania convertible 3^s, 1912, 

Pennsylvania 3$s, 1915, . 

Southern 4s, 1951, .... 

West Shore 4s, 2361, 

Wisconsin Central 4s, 1949, . 

Miscellaneous Bonds. 
Eastern Steamship Co. 5s, 1927, . 



Book Value. 

$2,000 00 

62,952 22 

5,000 00 

20,000 00 

2,121 20 

35,411 25 

500 00 

2,280 00 

3,420 00 

1,067 50 

3,232 50 

1,102 50 

14,712 49 

9,808 34 

50,565 00 

51,062 50 

25,500 00 

10,578 37 

10,000 00 

39,676 07 

21,931 36 

25,500 00 

5,000 00 

26,010 41 

10,687 50 

23,750 00 

44,550 00 

37,500 00 

16,462 50 

10,000 00 

600 00 

10,000 00 

20,000 00 

2,510 22 

5,175 00 

11,718 33 



Rate. 

150 

243 

140 

140 

200 

245 

100 

llli 

1114 

1044 

105" 

107 

101| 

101* 
105*, 
105* 
105* 
103" 

117 
101| 

93*. 
105f 
100± 
10lf 
104 

94 

88* 
114" 
104 
122& 
1174 
102| 

98* 

99| 
105| 

93 



50,000 00 100 



Market Value. 

$3,000 00 

66,825 00 

7,000 00 

28,000 00 

2,000 00 

73,500 00 

500 00 

2,230 00 

3,345 00 

1,045 00 

3,150 00 

1,070 00 

15,206 25 

10,187 50 

52,750 00 

52,937 50 

26,375 00 

10,403 00 

11,700 00 

57,050 00 

28,050 00 

26,437 50' 

5,012 50 

25,468 75 

10,400 00 

23,500 00 

44,250 00 

57,000 00 

15,600 00 

12,262 50 

587 50 

10,287 50 

19,700 00 

1,990 00 

5,268 75 

11,160 00 

50,000 00 



$1,974,932 41 



$2,280,909 00 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, BOSTON. 

Incorporated Feb. 11, 1823. Commenced business May, 1823. 
Paid-up Capital, $400,000. 



GEO. T. CRAM, President. 



Office, 47 Kilby Street. 
Income. 



JAMES SIMPSON, Secretary. 



Net fire premiums, $ 331, 449 01 

Interest on mortgage loans, $7,084.74; collaterals, $480; stocks 

and bonds, $15,043; all other, $1,329.37 23,937 11 

Dividends from national banks in liquidation, 1,624 00 

Total income, $357,010 12 

Ledger assets, Dec. 31, 1904, 625,936 61 

Total $982,946 73 

Disbursements. 

Net amount paid for fire losses, $155,638 02 

Interest and dividends to stockholders, 32,000 00 

Commissions or brokerage, 68,475 40 



88 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



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

Rents, 

Taxes and fees, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets. 

Mortgages, 

Loan secured by collateral (500 shares Long Island R R.), 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



$17,833 27 

2,716 68 

6,478 56 

24,878 91 

$308,020 84 

1674,925 89 



$195,600 00 

12,000 00 

333,196 39 

77,592 04 

56,537 46 



Total ledger assets, $674,925 89 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $1,297.44; stocks and bonds, $3,333.31 ; collateral 

loans, $186.67, 

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



Gross assets, 



Liabilities. 

Unpaid losses, including $7,031.61 resisted, $29,622.61 ; less rein- 
surance, $11,216.93, . . . 

Unearned premiums on outstanding risks, $233,799.68; plus same 
on disallowed reinsurance, $2,104.20, 

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, 



$497,257 00 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. $74,894,402 00 
. 63,403,093 00 

$138,297,495 00 
. 59,418,237 00 

. $78,879,258 00 
. 42,636,487 00 



4,817 42 
72,300 61 

$752,043 92 



$18,405 68 

235,903 88 
477 36 

$254,786 92 

400,000 00 
97,257 00 

$752,043 92 



Premiums. 

$928,387 88 
831,034 74 

1,759,422 62 
792,598 80 

$966,823 82 
521,743 73 



,242,771 00 $445,080 09 



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, .... 



,980,295 00 

7,745,946 00 

164,937 00 

2,440,720 00 

100,000 00 

32,000 00 

48,600 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



89 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
125 shares Boston & Providence, . 
35 " Union Pacific, preferred, 

Bank Stocks. 

55 shares National Shawmut, Boston, 
160 " New England National, Boston, 

40 " Second National, Boston, 
133 " State National, Boston, 
200 " Union National, Boston, 

Municipal Bonds. 
Boston, Mass., 4s, 1912, .... 
Cambridge, Mass., 4s, 1912, . 

Lowell, Mass., 4s, 1920 

Providence, R. I., 4s, 1923, . 
Taunton, Mass., 4s, 1922, 

Railroad Bonds. 
Boston & Albany 4s, 1913, . 
Boston & Lowell 4s, 1913, 
Boston & Maine 4s, 1942, 
Boston Terminal 34s, 1947, . 
Chicago, Burling. & Quincy (Illinois Div.) 
Cleveland Terminal & Valley 4s, 1995, . 
Concord & Montreal 4s, 1920, 
Fitchburg 4s, 1907, .... 

Fitchburg 4s, 1915, .... 

Kansas City, Fort Scott & Memphis 6s, 1928, 
New York Central & Hudson River 4s, 1934, 
New York, New Haven & Hartford 3£s, 1947, 
Northern Pacific-Gt. North. (C. B. & Q. Col.) 4s 

Old Colony 4s, 1924, 

Old Colony 4s, 1925 

Oregon Railway & Navigation Co. 4s, 1946, . 
West End 4s, 1915, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 



3^8, 1949, 



1921 



Kate. 
311 
99i 

268 
140 
217 
154 
180 



Market Value. 

$38,875 00 

.3,482 50 

14,740 00 
22,400 00 
8,680 00 
20,482 00 
36,000 00 



Book Value. 

$11,530 14 

3,500 00 

5,500 00 
16,000 00 

7,600 00 
13,300 00 
20,000 00 

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 

10,000 00 

4,975 00 

10,000 00 

7,000 00 

7,000 00 

5,000 00 

7,052 50 

17,323 75 

14,775 00 

10,000 00 

15,000 00 

10,040 00 

15,000 00 



14,900 00 94i 14,175 00 



102f 


10,275 00 


102J 


5,137 50 


105i 


5,275 00 


107" 


10,700 00 


106| 


5,306 25 


102 


15,300 00 


10H 


5,075 00 


107 


10,700 00 


110* 


44,100 00 


94| 


9,475 00 


100 


5,000 00 


102 


10,200 00 


100 


7.000 00 


10H 


7,105 00 


i2r 


6,050 00 


99| 


6,982 50 


95 


16,150 00 


99S 


14,981 25 


104 


10,400 00 


104 


15,600 00 


1005 


10,625 00 


101* 


15,225 00 



$333,196 39 



$405,497 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. MACK AY, Secretary. 

Income. 

Net fire premiums, $3,788,136 08 

Interest on mortgage loans, $27,187.20 ; collaterals, $604.58 ; stocks 

and bonds, $181,724.10; all other, $5,934.93, .... 215,45081 

Rents, including company's own occupancy, 14,800 51 

Profit on sale or maturity of ledger assets, 255,165 78 



Total income, $4,273,553 18 

Ledger assets, Dec. 31, 1904, 5,627,708 80 

Total, $9,901,261 98 

Disbursements. 

Net amount paid for fire losses, $1,725,182 94 

Interest and dividends to stockholders, 200,000 00 

Commissions or brokerage, 727,406 12 

Salaries, fees, etc., of officers and employees 168,859 55 

Rents, including company's own occupancy, . . % . . 10,000 00 

Real estate taxes, $5,882.80 ; other taxes and fees, $127,481.98, . 133,364 78 



90 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Loss on sale or maturity of ledger assets, . 
Reduction in book value of real estate, 

Traveling expenses, 

Office and agency supplies, .... 

Furniture and fixtures, 

Profit and loss, 

All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $436,710.56; mortgages, $512,270, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents 1 balances, 



$18,467 75 

105,775 25 

165,352 64 

34,066 52 

45,358 54 

3,456 67 

160,668 39 

$3,497,959 15 

$6,403,302 83 



$948,980 56 
6,050 00 

4,283,480 39 
500,266 93 
664,524 95 



Total ledger assets, $6,403,302 83 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $13,532.72; stocks and bonds, $33,970; collateral 

loans, $171.28, 

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, 

Assets not admitted. 
Special deposits less $64,289.82 liability thereon, . 



47,674 00 

580 84 

40,289 44 

710,558 86 

$7,202,405 97 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $18,876.56 resisted, $301,733.81 ; less re- 
insurance, $76,314.18, . 

Unearned premiums on outstanding risks, $2,907,226.85; plus same 
on disallowed reinsurance, $6,507.53, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



. $4,003,891 78 



Total liabilities, 



Risks and Premidms. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$506,685,363 00 
.436,717,531 00 

$943,402,894 00 
.391,458,337 00 

$551,944,557 00 
. 65,280,876 00 



59,360 18 
|>7,143,045 79 

$225,419 63 

2,913,734 38 

$3,139,154 01 

2,000,000 00 
2,003,891 78 

^7,143,045 79 



Premiums. 

$5,838,398 20 
5,074,920 25 

$10,913,318 45 
4,590,292 91 

$6,323,025 54 
756,599 03 



$486,663,681 00 $5,566,426 51 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



91 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the } T ear, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of compar^, 

Dividends declared during the year (10 per cent.), . 

Company's stock owned by directors, 



161,891,132 00 

. 36,129,704 00 

. 1,722,663 00 

. 4,954,542 00 

. 1,500,000 00 

200,000 00 

136,100 00 



Schedule A. Securities held as Collateral. 



15 shares Agawam Nat'l Bank, Springfield (in liquidation) , 

30 " Eastern Oil Co., Olean, N. Y 

22 , " Boston & Albany R.R., 



Company's 
Market Value. 

$150 00 
3,000 00 
5,500 00 



Loaned 
Thereon . 

$50 00 
2,000 00 
4,000 00 



$8,650 00 $6,050 00 



Schedule B. Stocks and Bonds owned by the Company. 



500 shares 


500 


i< 


1,500 
500 


ii 
ii 


500 


if 


100 


ii 


1,050 


ii 


400 


K 


500 


< i 


500 


it 


140 


ii 


700 


<( 


900 


ii 


600 


(< 


500 


ii 


4,800 
240 


ii 


1,000 

1,000 

1,000 

525 


ii 
(< 
ii 


1,000 


(i 


150 shares 


100 


<( 


62 


ii 


150 


ii 


250 


ii 


300 


it 


143 


it 


150 


it 


100 


ii 


100 


ii 


100 


(i 


100 


ii 


95 


ii 


300 


ii 


100 


ii 


100 


ii 


200 


1 1 


300 


ii 


200 


ii 


20 


ii 


60 


ii 


108 


1 1 


37 


ii 


100 


ii 


250 


ii 



Railroad Stocks. 
Atchison, Topeka & Santa Fe, preferred, 
Baltimore & Ohio, common, 
Boston & Albany, .... 
Boston Elevated, .... 
Boston & Lowell, .... 
Chicago, Milwaukee & St. Paul, common, 
Chicago, Milwaukee & St. Paul, preferred, 
Connecticut River, 
Connecticut & Passumpsic Rivers, 
Fitchburg, preferred, 
Hampshire Street, 
Holyoke Street, . 
Illinois Central, . 
Manhattan, 
Old Colony, 
Pennsylvania, 

Rome, Watertown & Ogdensburg, 
Springfield Cos., preferred, 
Union Pacific, common, 
West End Street, preferred, 
West End Street, common, 
Worcester R'ys and Investment Co 

Bank Stocks. 
Boylston National, Boston, 
Eliot National, Boston, 
Freeman's National, Boston, 
Merchants' National, Boston, . 
National Bank of Commerce, Boston, 
National Bank of the Republic, Boston, 
National Exchange, Boston, 
National Shawmut, Boston, 
New England National, Boston, 
Old Boston National, Boston, . 
Second National, Boston, . 
Webster & Atlas National, Boston, . 
Franklin County National, Greenfield, 
City National, Holyoke, 
Holyoke National, .... 
Monson National, .... 
Fourth National, New York, N. Y., . 
Nat'l B'k of Commerce, New York, N. Y 
Nat'l B'k of N. Amer., New York, N. Y 
Adams National, North Adams, 
First National, Northampton, 
Northampton National, 
Palmer National, 
St. Paul National, Minn., . 
Chapin National, Springfield, 



Book Value. 

$49,952 08 
50,912 50 

195,086 38 
78,875 00 

111,425 37 
10,271 25 

141,475 00 
98,800 00 
50,000 00 
51,875 00 
14,000 00 

117,385 00 

101,368 78 
99,600 00 
91,081 26 

296,879 14 
22,900 00 

100,000 00 

114,254 40 
84,900 00 
51,000 00 

101,412 50 

21,238 00 
10,496 75 

6,746 75 
20,083 00 
34,512 13 
47,367 50 
19,554 12 
22,500 00 
15,220 50 
12,216 25 
19,000 00 
13,056 00 
11,678 00 
33,328 75 
15,800 00 
13,331 00 
23,880 75 
48,380 13 
28,212 76 

2,910 00 

8,686 50 
19,762 00 

5,355 00 
10,000 00 
31,302 50 



Rate. 
105 
1131 
254i 
156^ 
241 
181| 
188^ 
295 " 
105 
1421 
100 
225 
175J 
162i 
208 
143| 
134 
100 
150| 
226 
199 
90 

100 

180 

105i 

210 

155 

163 

150 

268 

140 

1061 

217 

146 

105 

110 

155 

123 

220 

195 

232?, 

115" 

130 

200 

100 

110 

110 



Market Value. 
$52,500 00 

56,937 50 
381,750 00 

78,000 00 
120,500 00 

18,175 00 
197,925 00 
118,000 00 

52,500 00 

71,250 00 

14,000 00 
157,500 00 
157,725 00 

97,350 00 
104,000 00 
344,700 00 

32,160 00 
100,000 00 
150,625 00 
113,000 00 

52,237 50 

90,000 00 

15,000 00 
18,000 00 

6,525 50 
31.500 00 
38,750 00 
48,900 00 
21,450 00 
40,200 00 
14,000 00 
10,650 00 
21,700 00 
14,600 00 

9,975 00 
33,000 00 
15,500 00 
12,300 00 
44,000 00 
58,500 00 
46,500 00 

2,300 00 

7,800 00 
21,600 00 

3,700 00 
11,000 00 
27,500 00 



92 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



300 shares Chicopee National, Springfield, 

200 " City National, Springfield, 

350 " First National, Springfield, 

200 " John Hancock National, Springfield, 

389 " Second National, Springfield, . 

395 " Third National, Springfield, 

75 " Ware National 

Miscellaneous Stocks. 
200 shares American Express Co., 
100 '■ Holyoke Water Power Co., 
200 " Maiden & Melrose Gas Light Co., 
1,000 " Massachusetts Gas Cos., preferred, 
500 " Pullman's Palace Car Co., . 
200 " Springfield Gas Light Co., 
500 " Wells Fargo & Co., . 

State, County and Municipal Bonds. 

Georgia 4|s, 1915, 

Valencia County, New Mexico, 5s, 1932, 
Port of Portland, Ore., 4s, 1933, . 
Richmond, Va., 4s, 1938, .... 

Railroad Bonds. 
Chicago, Burlington & Quincy (Denver Ext.) 4s, 1922, 

Holyoke Street 5s, 1920, 

Holyoke Street 5s, 1923, 

New York, New Haven & Hartford, conv., 3|s, 1956, . 
Northern Pacific-Gt. North. (C, B. & Q. Coif) 4s, 1921, 
St. Paul, Minneapolis & Manitoba 6s, 1909, . 

Miscellaneous Bonds. 
American Writing Paper Co. 5s, 1919, .... 
Central Union Telephone Co. 5s, 1919, .... 

Torrington Co. 5s, 1918, 

Western United Gas & Electric Co. 5s, 1940-44, . 



Book Value. 

$41,694 00 
28,025 00 
49,345 00 
24,094 50 
59,742 50 

66.505 00 
8,289 55 

42,025 00 
35,055 00 
43,000 00 
86,000 00 
53,411 60 
52,000 00 
111,937 50 

11,425 00 
10,550 00 
50,000 00 
53,375 00 

9,000 00 
8,000 00 

23.506 00 
685,433 87 

12,493 82 
52,750 00 

14,000 00 
49,750 00 
25,000 00 
49,000 00 



Rate. 

150 

155 

110 

105 

140 

215 

108 

226 
350 
137 
85 
245 
250 
235 



11H 
100" 
100 
105 



100i 
110* 
112| 
117A 
99J 
106* 

90 

97 

103 



Market Value. 
$45,000 00 
31,000 00 
38,500 00 
21,000 00 
54,460 00 
84,925 00 
8,100 00 

45,200 00 
35,000 00 
27,400 00 
85,000 00 

122,500 00 
50,000 00 

117,500 00 

11,150 00 
10,000 00 
50,000 00 
52,500 00 

9,022 50 

8,840 00 

26,437 50 

705,000 00 

24,968 75 

53,250 00 

18,000 00 
48,500 00 
25,750 00 
49,250 00 



$4,283,480 39 



$4,994,039 25 



AGGREGATE. 



93 



AGGREGATE. 



Capital Stock. 
Whole amount of capital actually paid up in cash, 

Assets. 
Admitted assets, 

Liabilities. 
Liabilities, 

Income. 
Cash actually received for fire premiums, . . 

actually received for marine premiums, .... 
for interest and dividends from all sources, .... 


13,700,000 

$13,134,793 

$5,100,932 

5,465,186 

1,125,476 

405,359 

280,216 




$7,276,237 


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, .... 


$2,464,417 
579,868 
373,000 
1,262,484 
32,240 
356,311 
198,882 
675,214 


Total disbursements, 


$5,942,416 


Miscellaneous. 

Cash dividends declared during the year, 

Fire risks outstanding, 

Marine risks outstanding, 

Fire losses incurred during the year, 

Marine losses incurred during the year, 


$373,000 

689,972,436 

21,504,380 

2,483,726 

600,494 



94 



.ETNA INSURANCE CO. 



FIRE, MARINE AND FIRE-MARINE INSURANCE COMPANIES 

OF OTHER STATES. 



.ETNA 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. 



Home Office, 670 Main Street. 



Income. 
Net fire premiums, $5,746,149. 79 ; marine, $371,638.94, 
Deposit premiums on perpetual risks, 
Interest on mortgage loans, $636 ; stocks and bonds, $579,172 
Profit on sale or maturity of ledger assets, 
Profit and loss, 



Total income, 
Ledger assets, Dec. 31, 1904, 

Total, .... 



Disbursements. 

Net amount paid for fire losses, $2,733,621 .42 ; marine, $215,070.75, 

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, $5,095.92 ; other taxes and fees, $154,475.34, 
Loss on sale or maturity of ledger assets, .... 

Printing, advertising and stationery, 

Legal expenses, 

Furniture and fixtures, 

Profit and loss, 

Expenses of special agents, ...... 

Adjustment expenses, ........ 

Local board and bureau expenses, 

Agency expenses, 

All other disbursements, 



$6,117,788 73 

4,046 65 

579,808 00 

44,943 12 

46,238 33 

$6,792,824 83 

13,222,314 78 



,015,139 61 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $576,746 ; mortgages, $12,600, 
Stocks and bonds (Schedule A), 



.2,948,692 17 

3,522 98 

670,0C0 00 

1,047,325 67 

376,947 38 

311 34 

" 159,571 26 

65,160 16 

51,796 66 

3,791 57 

27,726 42 

25,704 14 

84,302 35 

10,610 73 

88,202 37 

122,265 64 

91,968 71 

. $5,777,899 55 

$14,237,240 06 



. $589,346 00 
. 11,889,398 79 



.ETNA INSURANCE CO. 



95 



Cash in banks and office, 

Agents 1 balances, 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $196 ; other assets, $1,625, . 
Market value of stocks and bonds over book value, . 

Gross assets, 

Assets not admitted. 

Agents 1 balances over three months due, . 

Special deposits less $297,089.38 liability thereon, . 

Book value of real estate over market value, . 

Total unadmitted assets, 



. $1,119,984 53 
638,510 74 

$14,237,240 06 



1,821 00 
. 2,218,358 76 

$16,457,419 82 



$17,289 
47,643 
31,746 



52 
84 
00 



Total admitted assets, 

Liabilities. 
Unpaid losses, including $14,504.32 resisted, $558,063.33; less 

insurance, $108,259.68, 

Unearned premiums on outstanding risks, .... 
Reclaimable on perpetual fire policies, 



96,679 36 
$16,360,740 46 



re- 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, . 

Surplus over capital and general liabilities, 



.$10,896,303 09 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, .... 

Perpetual risks in force (not included above), 

Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, .... 



$733,736,839 
. 590,656,734 



$449,803 65 

4,929,454 63 

85,179 09 

$5,464,437 37 

4,000,000 00 

. 6,896,303 09 

$16,360,740 46 



Premiums. 

00 $9,738,355 61 
00 7,842,305 08 



$1,364,393,573 
. 532,000,526 



00 $17,580,660 69 
00 7,113,908 62 



$832,393,047 
.101,271,288 



00 $10,466,752 07 
00 1,351,980 99 



$731,121,759 

. $3,745,928 

. $9,117,161 
. 98,173,676 



00 $9,114,771 08 

00 $89,662 20 

00 $274,425 36 
00 529,405 94 



$107,290,837 
. 88,889,813 



00 $803,831 30 
00 459,082 19 



.$18,401,024 
. 2,582,016 



00 $344,749 11 
00 80,815 89 



.$15,819,008 00 $263,933 22 



90 



^ETNA INSURANCE CO. 



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, 
Stock dividends declared from organization of company, 
Dividends declared during the year (16.75 per cent.), 
Company's stock owned by directors, . 



$196,490,554 00 
102,847,802 00 
2,614,603 00 
214,327 00 
29,173,365 00 
2,805,000 00 
670,000 00 
200,800 00 



Schedule A. Stocks and Bonds owned by the Company. 



500 
200 
500 
233 
129 
850 
85 
350 
113 
750 

1,000 
300 
500 
300 
300 
500 
500 
300 
181 
100 
450 

1,000 

1,058 
500 

2,888 
840 

1,500 
300 

1,000 

1,000 
140 
500 
275 
400 

200 
200 
400 
200 
150 
350 
300 

1,000 
550 

1,000 
550 
100 
400 
400 
300 
100 
75 
300 
200 
300 
100 



Railroad Stocks. 
shares Albany & Susquehanna, 

" Alleghany & Western, 

" Bald Eagle Valley, . 

" Baltimore & Ohio, preferred, 

" Baltimore & Ohio, common, 

" Chicago, Milwaukee & St. Paul, preferred, 

" Chicago, Milwaukee & St. Paul, common, 

" Chicago & Northwestern, preferred, 

" Chicago & Northwestern, common, 

" Clevel'd, Cin., Chic. & St. Louis, preferred 

" Cleveland & Pittsburg, 

" Connecticut River 

" Connecticut & Passumpsic Rivers, 

" Dayton & Michigan, preferred, . 

" Delaware & Bound Brook, 

" Fort Wayne & Jackson, preferred, . 

" Georgia R.R. and Banking Co., . 

" Illinois Central, ..... 

" Illinois Southern, common, 

" Joliet & Chicago, .... 

" Kalamazoo, Allegan & Grand Rapids, 

" Morris & Essex, 

" N. Y. Cen. & Hudson R. (including rights) 

" New York & Harlem, 

" New York, New Haven & Hartford, . 

" Oswego & Syracuse, .... 

" Pennsylvania, ..... 

" Peoria & Bureau Valley, . 

" Pittsburg, Fort Wayne & Chicago, . 

" Rensselaer & Saratoga, 

" St. Joseph, So. Bend & South'n, preferred, 

" St. Joseph, So. Bend & Southern, common, 

" Utica, Chenango & Susquehanna Valley, 

" Valley, New York, .... 

Bank Stocks. 
shares JEtna National, Hartford, Conn., 

" American National, Hartford, Conn., 

" Charter Oak National, Hartford, Conn., 

" City, Hartford, Conn., 

" Conn. R. Banking Co , Hartford, Conn., 

" Farmers' and Mech. Nat., Hartford, Conn. 

" First National, Hartford, Conn., 

" Hartford National, .... 

" National Exchange, Hartford Conn., 

" Phoenix National, Hartford, Conn., . 

11 State, Hartford, Conn., 

11 New Britain National, Conn., . 

" American Exchange National, N. Y., 

" Bank of the Manhattan Co., N. Y., . 

11 Bank of N. Y. National Banking Asso., 

" Central Trust Co., N. Y., . 

" First National, N.Y., . 

" Hanover National, N. Y. City, . 

" Holland Trust Co., N. Y. City, . 

" Importers' and Traders' National, N. Y., 

" International Banking Corporation, N. Y 



Book Value. 

346,662 50 

30,625 00 

49,560 00 

17.635 27 
12,894 17 

136,000 00 
8,500 00 
57,412 50 
11,306 95 
73,881 25 
46,032 75 
28,016 66 
50,312 50 

23.636 00 
54,000 00 
50,175 00 

120.710 00 
38,456 25 
22,500 00 

9,462 75 
55,750 00 
43,968 75 

114,550 75 
36,681 25 

293,041 26 
88,433 00 
91,328 14 
55,755 93 

112,201 75 

173,575 00 
13,940 00 
50,000 00 
43,550 00 
44,550 00 

21,408 50 
10,500 00 
51,832 25 
27,087 00 
9,300 00 
63,192 50 
34,906 50 
140,359 00 
34,306 25 

146.711 50 
63,779 00 
10,000 00 
43,983 00 
26,708 00 
36,766 55 
11,000 00 
20,571 00 
50,037 00 
30,200 00 
30,000 00 
20,000 00 



Rate. Market Value. 
240 
145 
208 
98 

1135 

1884 

18lf 

245 

223 

1181 

182" 

295 

105 

210 

206 

145 

265 

175£ 



180 
147 
188 
160 
395 
196| 
235 
143| 
202 
1821 
208" 
80 
20 
155 
130 

195 
140 
135 

94 

1831 
117" 
140 
141 
126 
125 
140 
160 
265 
310 
310 
2,210 
797 
530 h 

13 
590 
125 



$120,000 00 
29,000 00 
52,000 00 
22,834 00 
14,689 88 
160,225 00 
15,448 75 
85,750 00 

25.199 00 
88,875 00 
91,000 00 
88,500 00 
52,500 00 
31,500 00 
61,800 00 
72,500 00 

132,500 00 
52,575 00 

18,000 00 
66,150 00 
94,000 00 

169,280 00 
98,750 00 

566,770 00 
98,700 00 

107,718 75 
60,600 00 

182,500 00 

208,000 00 

11.200 00 
10,000 00 
42,625 00 
52,000 00 

39,000 00 
14,000 00 
54,000 00 
18,800 00 
8,257 50 
40,950 00 
42,000 00 

141,000 00 
34,650 00 

125,000 00 
77,000 00 
16,000 00 

106,000 00 
62,000 00 
93,000 00 

221,000 00 
59,775 00 

159,150 00 
2,600 00 

177,000 00 
12,500 00 



.ETNA INSURANCE CO. 



97 



112 shares Market and Fulton National, N. Y., . 

1,380 " Mechanics' National, N. Y., 

700 " Merchants' National, N. Y., 

120 " Merchants' Exchange National, N. Y., 

100 " Metropolitan Trust Co., N. Y., . 

200 " Nassau, N. Y., 

625 " National Bank of Commerce, N. Y., . 

500 " National City, N. Y., . 

150 " New York Life Insurance and Trust Co., 

200 " Peoples, N. Y., 

100 " Third National, N. Y. (in liquidation), 

100 " United States Trust Co., N. Y., . 

100 " Union Trust Co., N. Y., . 

250 " Farmers' & M. Nat., Philadelphia, Pa., 

Miscellaneous Stocks. 
400 shares American Telegraph & Cable Co., 
Atlantic Mutual Ins. Co. Scrip Issue, 1900, 
Atlantic Mutual Ins. Co. Scrip Issue, 1901, 
Atlantic Mutual Ins. Co. Scrip Issue, 1902, 
Atlantic Mutual Ins. Co. Scrip Issue, 1903, 
Atlantic Mutual Ins Co. Scrip Issue, 1904, 
Atlantic Mutual Ins. Co. Scrip Issue, 1905, 
50 shares Connecticut River Co., 
3 " General Adjustment Bureau, 
300 " Gold and Stock Telegraph Co., 
300 " International Ocean Telegraph Co. 
1,000 " Northwest Telegraph Co., 
10 " Underwriters' Salvage Co. 

Government Bonds. 
United States 4s, 1925, . 

State, County and Municipal Bonds. 
Alabama 5s, 1906, . 
Arizona Territory 5s, 1942, 
Georgia 4^s, 1906, . 
Georgia 4§s, 1915, . 
Mississippi 6s, 1907, 
New Mexico Territory 5s, 1925, 
Tennessee 3s, 1913, . " . 
Mecklenburg County, N. C, 6s, 1920, 
Spokane County, Washington, 4is, 1923, 
Talbot County, Georgia, 6s, 1907 and 1912, 
Greenville, Ala., School 6s, 1907 or 1922, 
Montreal, Canada, 4s, 1926, . 
Montreal, Canada, 4s, 1917, . 
Montreal, Canada, 4s, 1942, . 
Enfield, Conn., School Dist. 44s, 
Americus, Ga., 6s, 1919 and 1920, 
Bainbridge, Ga., 6s, 1911 to 1926, 
Chicago, 111., Sanitary District 5s, 1908-11-13-14, 
Topeka, Kan., 5s, 1910, . 
Lexington, Ky., 5s, 1918, 
Winnipeg, Man., 4s, 1909 and 1914, 
Jersey City, N. J., 5s, 1923, . 
Rahway, N. J., 4s, 1922, 
Durham, N. C, 4£s, 1935, 
Greensborough, N. C, 6s, 1922, 
Winston, N. C, 5s, 1924, 
Cleveland, O., 4s, 1912, . 
Cleveland, O., 4s, 1922, . 
Cleveland, O., 4s, 1925, . 
Urbana, O., 4^s, 1908, . 
Hamilton, Ont., 4s, 1920, 
Albina, Oregon City, 6s, 1921, 
Port of Portland, Ore., 5s, 1922, 
Westmount, Que., 34s, 1938, . 
Sioux Falls, S. D., 5s, 1910, . 
Dallas, Tex., 5s, 1920, . 
Ogden City, U., 5s, 1912, 
Richmond, Va., 6s, 1906 to 1910, 



Book Value. 

$14,143 00 
38,636 00 
39,918 52 
8,792 50 
11,000 00 
10,791 00 
84,379 77 
66,889 00 
18,525 00 
5,544 00 
11,900 00 
28,510 00 
10,000 00 
28,488 00 

36,750 00 



42,307 50 



2,500 00 

150 00 

36,000 00 

33,000 00 

50,992 93 

1,000 00 



Rate. 
265 
275 
170 
168 
600 
200 
195 
275 
1,075 
300 

1,390 

1,425 

136 

90 
105 
106 
107 
108 
108| 
1091 
100" 
100 
120 
120 
125 
100 



113,718 85 130 



9,500 00 
15,450 00 
26,908 60 
11,400 00 
12,320 00 
10,550 00 
29,004 20 
75,815 00 
51,250 00 

8,550 00 
20,000 00 

8,254 43 

4,080 00 
54,250 00 

4,000 00 

18.795 00 
8,000 00 

53,348 75 
25,000 00 
52,846 83 
36,235 40 
26,304 79 

44.796 80 
26,718 75 
24,480 00 
25,000 00 
52,095 00 
25,625 00 
25,687 50 
26,500 00 
48,185 00 
27,750 00 
54,152 78 
50,375 00 
25,000 00 
51,437 50 
18,270 00 
25,826 75 



100* 
1041 
lOll 

ml 

101 

1124 

96i 
119 
105 
101 
102 
102 
lOlf 
104 
100 
114 
106 
1024 

1034 

1101 

iooi 

113| 
80" 
105 
110 
103 
1021 
103" 
1034 
100" 
100 
110 
1121 
89" 
103 
1104 
108| 
103| 



Market Value. 

$29,680 00 

94,875 00 

59,500 00 

10,080 00 

60,000 00 

20,000 00 

121,875 00 

137,500 00 

161,250 00 

15,000 00 

_ * 

139,000 00 

142,500 00 

34,000 00 

36,000 00 

9,124 50 

4,356 60 

4,654 50 

4,168 80 

2,593 15 

19,841 40 

5,000 00 

150 00 

36,000 00 

36,000 00 

62,500 00 

1,000 00 

130,000 00 

10,050 00 
15,675 00 
25,375 00 
11,150 00 
11,110 00 
11,225 00 
22,195 00 
85,680 00 
52,500 00 

8,080 00 
20,400 00 

6,120 00 

4,070 00 
52,000 00 

4,000 00 
18,240 00 

8,480 00 
51,125 00 
25,812 50 
55,250 00 
31,966 97 
28,375 00 
17,600 00 
26,250 00 
26,400 00 
25,750 00 
51,250 00 
25,750 00 
25,875 00 
25,000 00 
46,000 00 
27,500 00 
56,250 00 
44,500 00 
25,750 00 
55,250 00 
19,575 00 
19,816 25 



* Value indeterminable. 



98 



JETNA INSURANCE CO. 



Richmond, Va.. 4s, 1029, 
Roanoke, Va., 6s, 1906 or 1921, 
Seattle, Wash., 5s, 1910, 
Tacoma, Wash., 5s, 1913, 

Railroad Bonds. 
Alabama Central 6s, 1918, 
Albany & Susquehanna 7s, 1906, . 
Albany & Susquehanna 6s, 1906, . 
Atchison, Topeka & Santa Fe 4s, 1910, 
Atlantic & Danville 4s, 1948, 
Baltimore & Ohio 4s, 1948, . 
Buffalo, New York & Erie 7s, 1916, 
Central Branch 4s, 1919, 
Central Ohio 4£s, 1930, . 
Central Pacific 3*s, 1929, 
Central Pacific 1st ref. 4s, 1949, . 
Central of New Jersey 5s, 1987, 
Ches. & Ohio (Rich. & Alle. Div.) first mort. 4s, 1989 
Chicago, Burlington & Quincy 4s, 1922, 
Chicago, Burling. & Quincy (Illinois Div.) 3^s, 1949, 
Chicago, Burling. & Quincy (Nebraska Div.) 4s, 1927 
Chicago & Eastern Illinois 6s, 1907, 
Chicago & Erie 5s, 1982, 
Chicago, Hammond & Western 6s, 1927, 
Chicago, Mil. & St. Paul (Hast. & Dak. Div.) 7s, 1910, 
Chicago, Mil. & St. Paul (Dubuque Division) 6s, 1920, 
Chicago, Mil. & St. Paul (So. Minn. Division) 6s, 1910, 
Chicago, Milwaukee & St. Paul 4s, 1989, 
Chicago & Northwestern (Madison Exten.) 7s, 1911, 
Chicago & Northwestern 6s, 1929, .... 
Chicago & Northwestern 7s, 1915, .... 
Chicago & Northwestern 3|s, 1987, 
Chicago & Northwestern 5s, 1933, .... 
Chicago & North Shore Street 6s, 1912, 
Chicago, Rock Island & Pacific 6s, 1917, 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago & Western Indiana 4s, 1952, . 
Chicago & Western Indiana 6s ; 1932, . 
Cicero & Proviso Street, Chicago, 5s, 1915, . 
Cincinnati, Dayton & Ironton 5s, 1941, 
Cincinnati, Findlay & Fort Wayne 4s, 1923, 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Cincinnati, Indianapolis & Western 4s, 1953, 
Cleveland, Cincinnati, Chicago & St. Louis 4s, 1993, 
Cleveland, Columbus, Cincinnati & Ind'napolis 7s, 1914 
Cleveland, Lorain & Wheeling 5s, 1933, 

Columbus & Toledo 4s, 1955, 

Dayton & Michigan 5s, 1911, 

Delaware & Hudson Canal (Penn. Div.) 7s, 1917, 
Des Moines & Fort Dodge 4s, 1935, 

Detroit 5s, 1912-15-21-24, 

Flint & Pere Marquette 5s, 1939, .... 
Flint & Pere Marquette (Port Huron Div.) 5s, 1939, 
Galveston, H'sb'g & S. Antonio (M. & P. Ex.) 5s, 1931 
Georgia R.R. & Banking Co., 6s, 1910, . 
Georgia & Alabama 5s, 1945, .... 
Hartford Street 4s, 1930, .... 

Hocking Valley 4|s, 1999 

Illinois Central (S'pringfield Div.) 3*s, 1951, 
Indianapolis & Vincennes 7s, 1908, 

Iowa Central 4s, 1951, 

Iowa Central 5s, 1938, 

Jeffersonville, Madison & Indianapolis 7s, 1906, 

Keokuk & Des Moines 5s, 1923, 

Lake Shore & Michigan Southern 3*s, 1997, 

Lake Shore & Michigan Southern 4s, 1928, . 

Lehigh Valley Terminal 5s, 1941, . 

Lehigh Valley 4*s, 1940, .... 

Louisville & Jeffersonville Bridge Co. 4s, 1945, 

Louisville, New Albany & Chic. (C. & I. Div.) 6s, 1911 

Mahoning Coal 5s, 1934, 

Midland of New Jersey 6s, 1910, . 



Book Value. 

$12,000 00 
31,500 00 
50,000 00 
30,550 00 

28,500 00 

63,125 00 

57,937 50 

48,000 00 

47,000 00 

73,437 50 

90,120 00 

31,450 00 

27,593 75 

840 00 

25,000 00 

66,812 50 

44,401 80 

28,343 75 

5,250 00 

21,500 00 

53,750 00 

188,450 00 

62,500 00 

60,750 00 

28,179 17 

55,677 50 

10,000 00 

39,865 83 

23,456 25 

68,593 75 

86,860 00 

25,850 00 

26,500 00 

75,850 00 

103,500 00 

101,000 00 

129,700 00 

25,000 00 

53,087 50 

49,200 00 

117,231 67 

49,500 00 

199,250 00 

126,551 50 

79,390 00 

110,585 64 

21,100 00 

31,970 00 

24,437 50 

34,116 90 

26,030 00 

59,262 50 

54,000 00 

28,734 75 

56,125 00 

51,500 00 

51,716 25 

101,000 00 

89,465 00 

45,750 00 

56,125 00 

8,600 00 

45,942 50 

193,725 00 

98,000 00 

126,025 00 

161,141 25 

49,250 00 

32,987 50 

28,584 74 

33,762 50 



Rate. 

103 

100 

104| 

106 

117 

100| 

100i 

98 

95* 
102J 
123* 

95f 
108 

87 

99* 
13l| 
102* 
100| 

94| 
1054 
103 
120 
126 
110| 
124 
107| 
109* 
113" 
116 
125 

974 
115" 

87 

1191 
103f 

99 
113* 

82* 
H3| 

93| 
Ill 

94 
102J 
120 
114 
101 
102 
131 

99 
105| 
110 
110 
110 
107 
110 
107 
107* 

97* 
106" 

84 

113* 
102" 
106£ 

99f 

99* 
118* 
108| 

97 
108* 
120* 
107" 



Market Value. 

$12,360 00 

30,000 00 

52,187 50 

31,800 00 

29,250 00 
50,312 50 
50,125 00 
49,000 00 
47,750 00 
76,875 00 
85,215 00 
35,381 25 
27,000 00 
870 00 
24,875 00 
65,875 00 
56,375 00 
37,092 50 
6,632 50 
26,375 00 
51,500 00 

186,000 00 
63,000 00 
55,312 50 
31,000 00 
53,687 50 
10,950 00 
33,900 00 
24,360 00 
62,500 00 
83,850 00 
25,300 00 
21,750 00 
71,850 00 

103,750 00 
99,000 00 

123,715 00 
20,625 00 
56,687 50 
46,812 50 

119,880 00 
47,000 00 

205,750 00 

120,000 00 
77,520 00 
95,950 00 
20,400 00 
32,750 00 
24,750 00 
33,840 00 
27,500 00 
60,500 00 
55,000 00 
26,750 00 
55,000 00 
53,500 00 
53,750 00 
97,500 00 
81,620 00 
42,000 00 
56,750 00 
7,140 00 
53,437 50 

188,527 50 
99,500 00 

130,350 00 

163,125 00 
48,500 00 
32,550 00 
36.150 00 
32,100 00 



AGRICULTURAL INSURANCE CO. 



99 



Book Value. Rate. 
107* 
138^ 
122 
1224 
134^ 
1244 



Minneapolis & St. Louis (Iowa Extension) 7s, 1909, . $58,375 00 

Minneapolis & St. Louis (Merriam June.) 7s, 1927, . 82,702 50 

Minneapolis & St. Louis (Pacific Ex.) 6s, 1921, . . 31,875 00 

Minneapolis Union 6s, 1922, . . . . . 129,529 58 

Montana Central 6s, 1937, 68,500 00 

Morris & Essex 7s, 1914 34,027 50 

Morris & Essex 7s, 1915, 130,909 72 

New England 5s, 1945, 62,437 50 

New York, Lake Erie & Western 7s, 1920, . . 64,143 75 

New York, New Haven & Hartford 4s, 1906, . . 100,000 00 

New York, New Haven & Hartford 34s, 1956, . . 108,300 00 

New York, Susquehanna & Western 5s, 1943, . . 27,000 00 

New York, Susquehanna & Western 5s, 1937, . . 65,690 00 

Norfolk & Western 6s, 1931, 59,251 83 

North Chicago Electric 6s, 1914, 27,375 00 

North Chicago Street 5s, 1906, 25,875 00 

North. Pac.-Gt. Nor. joint (C, B. & Q. Col.) 4s, 1921, 67,086 61 

Northwestern Union 7s, 1917, 33.311 72 

Ohio & West Virginia 7s, 1910, 79,463 70 

Oregon Short Line 6s, 1922, 74,987 50 

Oswego R.R. Bridge Co. 6s, 1915, 52,679 17 

Pennsylvania Steel Equipment 3^s, 1907-10-11, . . 72,886 85 

Pitts., Ft. Wayne & Chicago 1st mortgage 7s, 1912, . 88,881 37 

Pitts., Ft. Wayne & Chicago 2d mortgage 7s, 1912, . 90,406 00 

Pitts., Ft. Wayne & Chicago 3d mortgage 7s, 1912, . 47,600 00 

Port Reading 5s, 1941 53,000 00 

St. Paul, Minneapolis & Manitoha 6s, 1933, . . . 78,350 00 

St. Paul & Northern Pacific 6s, 1923, .... 186,551 67 

St. Paul & Sioux City 6s, 1919, 28,790 00 

Southern 5s, 1994, 22,505 00 

Southern (St. Louis Division) 4s, 1951, . . . 49,875 00 

Terre Haute & Peoria 5s, 1942, 25,805 54 

Terminal of St. Louis 5s, 1944, 58,875 00 

Toledo & Ohio Central 1st mortgage 5s, 1935, . . 52,697 50 

Toledo & Ohio Central (Western Division) 5s, 1935, . 37,232 95 

Toronto, Hamilton & Buffalo 4s, 1946, .... 98,087 50 

Vermont Valley 5s, 1910, 54,460 00 

Wabash R.R. 1st mortgage 5s, 1939 112,097 50 

West Chicago Street & Tunnel 5s, 1909, . . . 50,875 00 

West Shore 4s, 2361 43,875 00 

Wilmar & Sioux Falls 5s, 1938 56,318 75 

Miscellaneous Bonds. 

Loan Guarantee Co., Conn., 6s, 1986, .... 450 00 

Masonic Temple Corp., Wilmington, N. C, 6s, 1919, . 30,500 00 

New York Dock Co. 4s, 1951, 55,000 00 

People's Gas Lt. & Coke Co., Chicago, ref., 5s, 1947, . 52,312 50 

Y. M. C. A., Wilmington, N. C, 6s, 1906, . . . 20,000 00 

$11,889,398 79 



125| 

1274 

130 " 

100 

1174 

118 

114g 

130£ 

85 

90 

99£ 

128:| 

109 

122| 

112 

99 

117:| 

117 
112 
1124 
1364 
124 ^ 
122 
118 
994 
94^ 
122f 
116 
114 
974 
1044 
115 " 
100 
105| 
119 

100 
105 
97 
105 
100 



Market Value. 

$53,750 00 
77,280 00 
30,500 00 

135,975 00 
67,000 00 
31,125 00 

138,325 00 
63,750 00 
65,000 00 

100,000 00 

127,252 50 
29,500 00 
65,193 75 
65,062 50 
41,125 00 
22,500 00 

109,862 50 
32,062 50 
76,300 00 
73,575 00 
56,000 00 
74,250 00 
87,937 50 
94,770 00 
44,800 00 
56,250 00 
81,900 00 

186,000 00 
30,500 00 
29,500 00 
49,750 00 
23,500 00 
61,375 00 
53,360 00 
39,900 00 
97,500 00 
56,430 00 

115,000 00 
50,000 00 
52,687 50 
59,500 00 

450 00 
31,500 00 
53,350 00 
52,500 00 
20,000 00 

$14,107,757 55 



AGRICULTURAL INSURANCE COMPANY, WATERTOWN, N. Y. 

Incorporated 1853.* Commenced business February, 1S53. 

Paid-up Capital, $500,000. 
W. H. STEVENS, President. J. Q. ADAMS, Secretary. 

Home Office, 23 Washington Street. 

Income. 

Net fire premiums, $1,344,829 12 

Interest on mortgage loans, $29,705. 66; collaterals, $ 19,766. 53; 

stocks and bonds, $48,340.38; all other, $4,580.66, . . . 102,393 23 

Rents, 4,909 15 

Profit on sale or maturity of ledger assets, 49,355 48 

Accounts previously charged off, 964 99 



Total income, 



.,502,451 97 



* Organized as mutual, 1853; incorporated as stock, 1SG3. 



100 AGRICULTURAL INSURANCE CO. 

Ledger assets, Dec. 31, 1904, $2,641,009 66 

Total, $4,143,461 63 

Disbursements. 

Net amount paid for fire losses, $604,041 03 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 292,737 67 

Salaries, fees, etc., of officers and employees, 95,169 42 

Repairs and expenses on real estate, 1,054 56 

Real estate taxes, $3,465.91; other taxes and fees, $48,678.76, . 52,144 67 

Loss on sate or maturity of ledger assets, 13,549 53 

Board taxes, 16,833 35 

Taxes and insurance on mortgaged property, 3,751 85 

Agents' accounts charged off, 1,573 06 

All other disbursements, 86,444 76 

Total disbursements, $1,217,299 90 

Balance, $2,926,161 73 

Ledger Assets. 

Real estate, $307,895.83; mortgages, $582,702.07, .... $890,59790 

Loans secured bv collateral (Schedule A), 473,340 00 

Stocks and bonds (Schedule B), 1,165,579 48 

Cash in banks and office, 180,645 45 

Agents 1 balances, 215,998 90 

Total ledger assets, $2,926,161 73 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $11,694.95 ; stocks and bonds, $12,675.08 ; collateral 

loans, $10,628.18; other assets, $2,717.07, 37,715 28 

Market value of stocks and bonds over book value, .... 44,497 65 

Gross assets, $3,008,374 66 

Assets not admitted. 

Agents' balances over three months due, . . . $6,354 26 

Mortgage loans, second liens, 22,592 29 

Special deposits less $62,781.07 liability thereon, . 34,322 68 

Book value of ledger assets over market value, . 14,348 83 

Total unadmitted assets, 77,618 06 

Total admitted assets, $2,930,756 60 

Liabilities. 

Unpaid losses, including $12,625.50 resisted, $145,498.40; less 

reinsurance, $31,152.75, $114,345 65 

Unearned premiums on outstanding risks, $1,309,945.40; plus same 

on disallowed reinsurance, $14,426.50, 1,324,37190 

Due for reinsurance premiums, 9,687 16 

All liabilities, except capital and surplus, $1,448,404 71 

Surplus to policy holders, $1,482,351 89 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, 982,351 89 

Total liabilities, $2,930,756 60 



AGRICULTURAL INSURANCE CO. 



101 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Premiums. 

$276,954,000 00 $2,755,586 00 
. 183,949,800 00 1,953,482 00 



$460,903,800 00 $4,709,068 00 
. 166,023,000 00 1,781,878 00 



$294,880,800 00 $2,927,190 00 
. 36,551,000 00 423,598 00 



$258,329,800 00 $2,503,592 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, .... 

Schedule A. Securities held as Collateral. 



Real estate mortgages, . 

Deeds of real estate, 

5 shares Union Carriage & Gear Co. 
100 

50 
237 

45 

10 



Y., 






Brockway Co 

Union National Bank, Schenectady, N 

Bagley & Sewall Co., . 

Harmon Machine Co., . 

Watertown National Bank, . 

Deed of real estate, 

60 shares J. H. Murphy Manufacturing Co., 
Life policy N. Y. Life Insurance Co., . 
80 shares Brownville Paper Co., . 
200 " Knowlton Brothers, 
100 " St. Regis Paper Co., preferred, 
50 " Adams & Duford Co., . 
325 " Carthage Tissue Paper Mills, 
130 " Carthage Electric Light & Power Co., 
St. Lawrence International R.B. & Land Co. 5s, 1932, 

65 shares Macmillan Co., 

500 " Carthage Sulphite Pulp Co., 
Champion Paper Co. 6s, 1924, .... 
50 shares National Bank & Loan Co., Watertown, N. 
10 •• J. & J. Rogers Co., .... 

Real estate mortgages, 

Burlington, Cedar Rapids & Northern R.R. 5s, 1906, 
14 shares Burlington, Cedar Rapids & Northern R.R. 



10 

11 

70 
150 

50 

15 

49 

30 

20 

40 

50 
Real estate mortgage, 



Y., 



Carthage National Bank, N. Y 
City National Bank, Watertown, N. Y., 
National Union Bank, Watertown, N. Y., 
West End Paper Co., .... 
Jefferson County Nat. Bank, Watertown, N. Y 
♦ Watertown National Bank, Watertown, N. Y., 
International Paper Co., preferred, 
International Paper Co., common, 
Watertown Real Estate & Building Co 
Western Union Telegraph, . 
West End Paper Co., . . 



$30,825,302 00 


. 15,350,229 00 




617,650 00 


. 


1,580,000 00 




400,000 00 




50,000 00 




82,300 00 


.ATERAL. 

Company's 


Loaned 


Market Value. 


Thereon. 


$221,928 40 


$80,157 58 
135,250 75 


7,500 00 


4,251 67 


250 00 


210 00 


10,000 00 


8,000 00 


10,000 00 


5,000 00 


23,700 00 


10,000 00 


4,500 00 
2,250 00 


6,750 00 


6,000 00 
6,000 00 


6,000 00 


2,000 00 


120 00 


16,000 00 


10,500 00 


20,000 00 
10,000 00 


20,000 00 


5,000 00 


2,500 00 


32,500 00 


13,000 00 


13,000 00 


6,000 00 


52,500 00 


20,000 00 


7,150 00 


6,500 00 


50,000 00 


5,000 00 


15,000 00 


10,000 00 


7,500 00 


5,000 00 


5,500 00 


5,000 00 


13,500 00 1 




1,600 00 




2,100 00 
1,250 00 


25,000 00 


1,100 00 




10,080 00 j 




15,000 00 


8,500 00 


12,000 00 


10,000 00 


3,375 00 ) 




4,091 50 


> 4,400 00 


690 00 




2,000 00 ] 


16,200 00 


3,670 00 
5,000 00 


9,000 00 ; 





102 



AGRICULTURAL INSURANCE CO. 



200 shares Union Pacific R.R., common, 
100 " General Electric Co., . 
50 " Great Northern Ry., preferred, 
100 " Missouri, Kansas & Texas Ry., common, 



Company's 
Market Value. 

$30,100 00 
17,600 00 



Loaned 
Thereon. 



14,'500(X)[ WOOOOO 
3,700 00 J 



$678,634 90 $473,340 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
300 shares Atchison, Topeka & Santa Fe, preferred, 

50 " Atlanta & Charlotte Air Line, 

250 " Cayuga & Susquehanna, 

250 " Chicago, Milwaukee & St. Paul, 

100 " Hereford, .... 

14 " Illinois Central (leased lines) , 

220 " Morris & Essex, . 

26 " Morris & Essex Extension, 

476 " Nashville & Decatur, 

100 " N. Y., Lackawanna & Western, 

132 " Oswego & Syracuse, . 

1,000 " Pennsylvania, 

150 " Pittshurg, Fort Wayne & Chicago, 

200 " Rome, Watertown & Ogdensburg, 

250 " Union Pacific, .... 

200 " Union Pacific, preferred, . 

40 " Warren, 

Bank Stocks. 

35 shares Carthage National, N. Y., . 

10 " 1st Nat. of the 1,000 Is., Alex. Bay, N. Y 

32i " Jefferson Co. National, Watertown, N. Y 
130^ " Nat. Bank & Loan Co., Watertown, N. Y 

75 " National Herkimer Co., Little Falls, N. Y 
380f " National Union, Watertown, N. Y., . 
105 " Watertown National, N. Y., 

Miscellaneous Stocks. 
300 shares American Car & Foundry Co., preferred, 
200 " American Locomotive Co., preferred, 
Cleveland, O., Bldg. & Loan Co., certificate of deposit 
265 shares Hungerford-Holbrook Co., 
300 " International Paper Co., preferred, 
Savings, Bldg. & Loan Co., Cleveland, O., cert, of dep 
5 shares Underwriters' Salvage Co., 
70 " Watertown Carriage Co., . 
585 " Western Union Telegraph Co., 

State and Municipal Bonds. 

Georgia 4is, 1915, 

Portland, "Ore., 5s, 1923, . 
Richmond, Va., 4s, 1921, 
Richmond, Va., 4s, 1923, 
Richmond, Va., 4s, 1927, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 
Erie (Pennsylvania coll.) 4s, 1951, 
Galveston, H'sb'g & San A. (T., M. & P. Ex.) 5s, 1931 
Georgia R'y & Electric Co., 5s, 1932, . 
Lehigh & Hudson River 5s, 1917, . 
Lehigh Valley ihs, 1940, 
Little Falls & Dolgeville 3s, 1932, 
Metropolitan Street 4s, 2002, . 
Missouri Pacific 5s, 1917, 
N. Y. Cent. & Hud. River (Lake Shore coll.) 3£b, 1998 
Norfolk & Southern 5s, 19.54, .... 

Northern Pacific ( St. Paul & Duluth Div.) 4s, 1996, 
Nor. Pacific-Gt. Nor., joint (C, B. & Q. coll.) 4s, 1921 

Portland 5s, 1930, 

Reading Co. (Jersey Central coll.) 4s, 1951, 
St. Louis & San Francisco 4^s, 1908, 
Union Pacific 4s, 1947, . 



Book Value. 
$30,575 00 

8,618 75 
17,250 00 
44,875 00 
10,150 00 

1,489 25 
21,540 00 

2,782 00 
23,192 50 
13,650 00 
15,741 00 
65,025 00 
27,750 00 
27,500 00 
28,875 00 
17,025 33 

3,720 00 

4,000 00 
1,000 00 
4,895 00 
14,500 00 
12,750 00 
38,093 50 
14,925 00 

27,787 50 
18,825 00 
10,000 00 
26,500 00 
24,950 00 

1,000 00 
500 00 

3,500 00 
49,507 31 

11,724 60 
62,000 00 
10,300 00 
15,150 00 
1,840 00 

10,187 51 
19,125 00 
21,650 00 
26,250 00 

5,000 00 
21,850 00 

3,500 00 
19,665 56 
26,937 50 

9,562 50 
10,000 00 
10,000 00 

9,412 64 

9,900 00 
19,325 00 
24,062 50 

9,707 03 



Bate. 
105 
170 
215 
181| 
99^ 
103* 
188^ 
100 
189 
136 
235 
143| 
1821 
134^ 
150! 

991 

184" 

165 
200 
'260 
160 
185 
137 
250 

100& 

115 

100 

100 
85 

100 

100 
25 
931 



Market Value. 
$31,500 00 

8,500 00 
16,125 00 
45,437 50 

9,925 00 

1,449 00 
20,680 00 

2,600 00 
22,491 00 
13,600 00 
15,510 00 
71,812 50 
27,375 00 
26,800 00 
37,656 25 
19,900 00 

3,680 00 

5,775 00 
2,000 00 
6,760 00 
20,800 00 
13,875 00 
41,716 50 
26,250 00 

30,037 50 
23,000 00 
10,000 00 
26,500 00 
25,500 00 

1,000 00 
500 00 

1,750 00 

54.624 38 

11,150 00 

58,125 00 

10,287 50 

15,468 75 

2,072 50 

10,187 50 
18,600 00 
22,000 00 

25.625 00 
5,025 00 

21,750 00 

2,500 00 

17,800 00 

25,968 75 

8,850 00 

9,350 00 

10,000 00 

9,987 50 

9,950 00 

19,900 00 

23,875 00 

10,475 00 



ALBANY INSURANCE CO. 



103 



Miscellaneous Bonds. 
Consolidated Water Co. of Utica, N. Y., 5s, 1929, 
International Paper Co. 5s, 1935, . 
Jefferson Power Co. 6s, 1912, .... 
New York & Westchester Lighting Co. 4s, 2004, 
St. Regis Paper Co. 6s, 1919, .... 
West End Paper Co. 6s, 1906, 



Book Value. 
. $10,250 00 
22,500 00 
40,000 00 
23,187 50 
50,000 00 
50,000 00 


Kate. 

97 J> 

93" 

100 

92 

100 

100 


Market Value. 
$9,750 00 
23,250 00 
40,000 00 
23,000 00 
50,000 00 
50,000 00 


$1,165,579 48 


$1,210,077 13 



ALBANY INSURANCE COMPANY, ALBANY, N. Y. 

Incoi-porated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881. 

Paid-up Capital, $250,000. 
JOHN E. MCELROY, President. CHARLES H. HAHN, Secretary 

Home Office, 93 State Street. 

Income. 

Net fire premiums, 

Interest on mortgage loans, $10,123*66; stocks and bonds, $14,- 

659.11; all other, $420.92, .... 
Rents, including company's own occupancy, 
Profit from agency of president and secretary, . 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

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, $875.40 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, . 

Printing and stationery, 

Office furniture, 

Agents 1 expenses, ...... 

All other disbursements, 

Total disbursements, 



Balance, 



Ledger Assets. 



Real estate, $75,000 ; mortgages, $188,150, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Total ledger assets, 

Non-Ledger Assets 
Interest accrued on mortgages, .... 
Rents due on company's property, 
Market value of stocks and bonds over book value, 
Due from agency of president and secretary, . 

Gross assets, 



,978 



97, 



$222,205 01 

25,203 69 
5,855 35 
3,821 67 



$257,085 72 
603,373 50 



$860,459 22 


$103,109 


84 


20,000 00 


54,790 


13 


11,536 


66 


1,200 


00 


1,916 


63 


11,854 


37 


429 


30 


1,396 


43 


179 


10 


1,936 


29 


203 


64 


$208,552 


39 


$651,906 


83 


$263,150 


00 


354,824 


67 


13,655 


51 


20,276 


65 


$651,906 


83 


790 80 


666 


25 


15,610 


75 


2,407 


16 


$671,381 


79 



104 



ALBANY INSURANCE CO. 



Liabilities. 

Unpaid losses, including $675 resisted, $15,111.77; less reinsur- 
ance, $1,224.23 

Unearned premiums on outstanding risks, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$492,589 06 



$31,943,779 00 
27,649,425 00 

$59,593,204 00 
24,391,063 00 

$35,202,141 00 
3,397,648 00 



$13,887 54 
164,905 19 

$178,792 73 

250,000 00 
242,589 06 

$671,381 79 



Premiums. 

$315,711 84 
280,402 50 

$596,114 34 
252,291 83 

$343,822 51 
32,254 34 



. $31,804,493 00 $311,568 17 



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, 
Stock dividends declared from reorganization of company, 
Dividends declared during the year (8 per cent.), . , 
Company's stock owned by directors, .... 



$2,735,332 00 



1,448,748 

105,220 

505,000 

50,000 

20,000 

27,450 



00 
00 
00 
00 
00 
00 



Schedule A. Stocks and Bonds owned by the Company 



Stocks. 
50 shares Detroit & Mackinac R.R., preferred, 
50 " American Tobacco Co., preferred, . 

Railroad Bonds. 
Atlanta, Knoxville & Northern 5s, 1946, 
Detroit & Mackinac general mortgage 4s, 1995, 
Detroit & Mackinac Car Trust note 5s, 1909, 
Lake Shore & Michigan Southern 4s, 1928, . 
New York Central & Hudson River 4s, 1934, 
Northern Pacific 3s, 2047, 
St. Louis & San Francisco 4s, 1951, 
Schenectady Consolidated 4*s, 1953, 
Schenectady 1st mortgage 4*s, 1953, 
Texas Central 5s, 1923, .... 
Union, N. Y., 5s, 1942, .... 
United Traction (Albany & Troy) 4*s, 1919, 
United Traction (Albany & Troy) 4^s, 2004, 
Virginia & Southwestern 5s, 2003, 
Virginia & Southwestern Car Trust note 5s, 1908, 
Wabash 1st mortgage 5s, 1939, 
Wabash (Detroit & Chicago Extension) 5s, 1941, 
Watervliet Turnpike & R.R. 6s, 1919, . 
Western New York & Pennsylvania 5s, 1937, 

Miscellaneous Bonds. 
American Tube & Stamping Co. 5s, 1932, 
Col. Fuel & Iron Co. 5s, 1943, 
Consumers' Gas Co., Chicago, 5s, 1936, . 
Electrical Securities Corporation 5s, 1934, 



Book Valur. 

$5,000 00 

5,275 00 

15,000 00 
9,658 00 
6,666 67 
9,900 00 

10,000 00 
3,554 25 

24,000 00 

24,375 00 
1,050 00 

20,000 00 

10,000 00 

15,140 00 
5,175 00 

25,632 00 
6,250 00 

25,000 00 
9,885 00 
8,160 00 

25,000 00 

4,750 00 

10,150 00 

5,350 00 

5,125 00 



Eate. 

95 

1041 

114 

94i 

100 " 
99i 
99| 
76| 
85f 

103 

103 

104 

110 

102 

107 

107* 

100^ 

115 

210 

116 

116* 

90 
101 
106 

98 



Market Value. 

$4,750 00 

5,225 00 

17,100 00 

9,450 00 

6,666 67 

9,950 00 

9,975 00 

3,831 25 

20,580 00 

25,750 00 

1,030 00 

20,800 00 

11,000 00 

15,300 00 

5,350 00 

26,875 00 

6,250 00 

28,750 00 

11,000 00 

9,280 00 

29,125 00 

4,500 00 

10,100 00 

5,300 00 

4,900 00 



THE ALLIANCE INSURANCE CO. OF PHILADELPHIA. 105 



Equitable Gas & Electric Light Co., Utica, 5s, 1942, 
Montreal Light, Heat & Power Co. 4is, 1932, 
New York Gas & Elec. Lt., Heat & Power Co. 5s, 1948 
Peoples' Gas Light Co., Chicago, 6s, 1943, . 
Union Electric Light & Power Co., St. Louis, 5s, 1932 
United Electric Light & Power Co., Bait., 4^3, 1929, 
United States Steel Corporation 2d mortgage 5s, 1963, 
Virginia Iron, Coal & Coke 5s, 1949, 



Book Value. Rate. Market Value. 
$8,000 00 
5,125 00 
5,500 00 
15,922 50 
7,000 00 
9,500 00 
9,668 75 
4,012 50 



$354,824 67 



102| 


$8,220 00 


102 


5,100 00 


1084 


5,412 50 


1191 


17,925 00 


102i 


7,175 00 


96^ 


9,675 00 


96 


9,600 00 


90 


4,500 00 




$370,435 42 



THE ALLIANCE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated Dec. 5, 1904. Commenced business 1905. 

Paid-up Capital, $500,000. 

CHARLES PLATT, President. HENRY W. FARNUM, Secretary. 

Home Office, 232 Walnut Street. 

Income. 

Net fire premiums, $353,734.18; marine, $84,245.83, . . . $437,980 01 

Deposit premiums on perpetual risks, 4,995 00 

Interest on bonds, $42,095.17; all other, $573.32, .... 42,66849 

From all other sources, 10 50 



Total income, $485,654 00 

Ledger assets, Dec. 31, 1904 993,236 09 



Total $1,478,890 09 

Disbursements. 

Net amount paid for fire losses, $67,534.51 ; marine, $30,306.30, . $97,840 81 

Deposit premiums returned, 250 00 

Commissions or brokerage, 89,993 94 

Salaries, fees, etc., of officers and emplovees, 21,962 38 

Rents, " 2,168 01 

Taxes and fees, 3,681 96 

Advertising, printing and stationery, 7,936 78 

Legal expenses, 1,075 20 

All other disbursements, 12,035 50 



Total disbursements, $236,944 58 



Balance, $1,241,945 51 

Ledger Assets. 

Bonds (Schedule A), $1,108,219 75 

Cash in banks and office, 89,693 72 

Agents' balances, 42,997 04 

Bills receivable, not matured, 1,035 00 



Total ledger assets, $1,241,945 51 

Assets not admitted. 

Agents 1 balances over three months due, . , . $112 50 

Book value of bonds over market value, . . . 11,843 50 

Total unadmitted assets, 11,956 00 



Total admitted assets, $1,229,989 51 



10(3 



THE ALLIANCE INSURANCE CO. OF PHILADELPHIA. 



Liabilities. 
Unpaid losses, $58,445.55; less reinsurance, $12,795 
Unearned premiums on outstanding risks, $231,374 

on disallowed reinsurance, $276.56, 
Reclaimable on perpetual fire policies, 

All liabilities, except capital and surplus, . 

Surplus to policy holders 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks written during 1905, .... 
Risks expired and terminated, .... 

In force at end of year, 

Amount reinsured, 

Net amount in force, 

Perpetual risks in force (not included above), . 

Marine risks written during 1905, 

Risks expired and terminated, .... 

In force at end of year, .... 

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, 
Company's stock owned by directors, 



Schedule A. Bonds owned by the Company. 



25, . 

54 ; plus same 



145.650 30 

231.651 10 
4,270 50 



$'948,4*17 61 


$281,571 90 

500,000 00 
448,417 61 




$1,229,989 51 




Premiums. 


$37,800,828 00 
7,894,344 00 


$432,353 26 

78,974 55 


$29,906,484 00 
2,155,476 00 


$353,378 71 
27,470 30 


$27,751,008 00 


$325,908 41 


$174,650 00 


$4,745 00 


$9,014,246 00 
7,976,444 00 


$87,004 34 
44,983 08 



$1,037,802 00 $42,021 26 



$437,980 
97,841 
89,315 
54,176 
20,080 



00 
00 
00 
00 
00 



Government and Municipal Bonds. 

Japan 6s, 1911, 

New York, N. Y., %, 1954, 

Philadelphia, Pa., 3Js, 1932, 

Philadelphia, Pa., 3|s, 1934, 

Railroad Bonds. 
Baltimore & Ohio, prior lien, 3*s, 1925, 
Central Pacific 4s, 1954, . 

Central of N. J. (Lehigh & Wilkesb. Coal) 5s, 1912, 
Chesapeake & Ohio equipment notes, 4s, 1913, 
Chesapeake & Ohio equipment notes, 4s, 1914, 
Chicago & Eastern Illinois 4s, 1955, 
Coal River 4s, 1945, .... 
Consolidated Traction Co., N. J., 5s, 1933, 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh Valley 4s, 2003, .... 
New York Central & Hudson River 4s, 1934, 
Northern & Western 4s, 1944, . 

N. & W. & Pocahontas Coal & Coke Co. 4s, 1941, 
Reading Co. (Jersey Central Col. ) 4s, 1951, 
Richmond-Washington 4s, 1943, . 
Rio Grande Western 4s, 1949, 
St. Louis & San Fran. (St. L., M. & S.E.Div.) 4k, 1909, 
Terminal Association of St. Louis 4s, 1953, . 



Book Value. 
$25,113 25 
205,250 00 
30,442 50 
175,108 25 

96,175 00 
24,750 00 
14,385 00 
16,622 60 
32,234 40 
19,100 00 
14,475 00 
27,197 50 
50,062 50 
73,812 50 
50,062 50 
24,250 00 
23,906 25 
49,578 75 
10,350 00 
22,968 75 
48,625 00 
49,625 00 



Rate. 
98 
100 
102* 
102| 

94^ 
97 

100| 
98 
98 
95 
97 

107 
991 
98" 
99| 
98 
93* 
99* 

103| 
90 
96 

100 



Market Value. 

$23,863 00 

200,000 00 

30,442 50 

174,983 25 

94,250 00 
24,250 00 
14,087 50 
16,660 00 
32,340 00 
19,000 00 
14,550 00 
26,750 00 
49,750 00 
73,500 00 
49,875 00 
24,500 00 
23,375 00 
49,750 00 
10,325 00 
22,500 00 
48,000 00 
50,000 00 



AMERICAN INSURANCE CO. 



107 



Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 



Book Value. 
$24,125 00 



Rate. 
941 



$1,108,219 75 



Market Value. 
$23,625 00 

$1,096,376 25 



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. 

Home Office, 70 Park Place. 

Income. 

Net fire premiums, $2,288,968 36 

Interest on mortgage loans, $79,703.87; stocks and bonds, $106,- 

703.88; all other, $4,614.69, 191,022 44 

Rents, 12,432 22 

Profit on sale or maturity of ledger assets, 196,485 28 



Total income, 
Ledger assets, Dec. 31, 1904, 



$2,688,908 30 
5,220,430 75 



Total, $7,909,339 05 



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, . 

Rents, 

Repairs and expenses on real estate, . 

Real estate taxes, $5,551.01 ; other taxes and fees, $67,887.69, 

Reduction in book value of real estate, 

Advertising, 

Contingent profits to agents, ; 

Collecting farm notes, 

Postage, telephones, telegrams and express, 
Furniture and fixtures, ..... 

Maps and corrections, 

Local, state and national boards, 
Stationery and agency supplies, 

Surveying, 

Salaries and expenses of special agents, . 
All other disbursements, 

Total disbursements, . . 

Balance, 



Ledger Assets. 

Real estate, $533,900 ; mortgages, $1,524,175.75, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Bills receivable, 



$952,987 79 

95,895 02 

145 00 

472,773 88 

124,630 19 

4,554 15 

7,460 51 

73,438 70 

3,245 13 

1,217 46 

16,968 70 

3,261 93 

20,263 64 

4,532 94 

4,562 58 

22,203 00 

23,502 36 

1,238 23 

48,711 50 

16,786 64 

$1,898,379 35 

$6,010,959 70 



$2,058,075 75 

3,166,334 34 

222,429 50 

303,905 04 

260,215 07 



Total ledger assets, $6,010,959 70 



108 



AMERICAN INSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, f 22,730. 19; stocks and bonds, $41,194.90, . . $63,925 09 

Rents due on company's property, 128 00 

Market value of stocks and bonds over book value, .... 42,047 16 

Gross assets,* $6,117,059 95 

Assets not admitted. 

Agents' balances over three months due, . . . $5,478 90 

Bills receivable, past due, 48,871 95 

Special deposits less $18,143.94 liability thereon, . 43,28106 

Total unadmitted assets, 97,631 91 

Total admitted assets, . $6,019,428 04 

Liabilities. 
Unpaid losses, including $6,756.17 resisted, $176,432.51; less re- 
insurance, $28,828.78, 

Unearned premiums on outstanding risks, 

Dividends due stockholders, $30,576.07 ; policy holders, $176, 
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, 



1,044,514 85 



$147,603 73 

2,691,295 53 

30,752 07 

105,261 86 

£2,974,913 19 

600,000 00 
2,444,514 85 



Total liabilities, $6,019,428 04 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Risks and Premiums. 

Premiums. 

$421,688,282 00 $4,564,472 59 
. 273,740,868 00 2,947,174 62 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$695,429,150 00 $7,511,647 21 
. 216,575,711 00 2,295,840 45 



$478,853,439 00 $5,215,806 76 
. 31,430,979 00 330,575 39 



$447,422,460 00 $4,885,231 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, , 

Stock dividends declared from organization of company, 

Dividends declared during the year (17 per cent.), . 

Company's stock owned by directors, 



$21,693,567 00 

9,747,288 00 

915,019 00 

2,763,800 00 

600,000 00 

102,000 00 

85,395 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
2,306 shares Morris & Essex, .... 
1,000 " United New Jersey R.R. & Canal, 



Book Value. 

$224,544 39 

277,372 25 



Rate. 

188 

270 



Market Value. 

$216,764 00 

270,000 00 



* The company holds also instalment premium notes to the amount of $84,839.95, which do not 
enter into or form any part of the assets of the company, as no portion of them is earned. What- 
ever 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." 



AMERICAN CENTRAL INSURANCE CO. 



109 



Miscellaneous Stocks. 
3 shares General Adjustment Bu. of New York, 
5 " Underwriters Salvage Co., N. Y., . 
1 share Western Adjust. & Inspec. Co. of Chic, 

Government and County Bonds. 

United States 4s, 1907, 

United States 2s, 1930 

Borough of Madison, N. J., 4^s, 1916, . 

Railroad Bonds. 
American Dock and Improvement Co. 5s, 1921, 
Central of New Jersey 5s, 1987, 
Consolidated Traction, N. J., 5s, 1933, 
Easton and Amhoy 5s, 1920, . 
Lehigh Valley Terminal 5s, 1941, . 
Long Dock 6s, 1935, 
Midland of New Jersey 6s, 1910, . 
Morris and Essex 7s, 1915, 
Newark Passenger 5s, 1930, . 
N. Y. and Greenwood Lake 5s, 1946, 
N. Y., L. E. & W. Dock and Improvement Co. 6s 
N. Y., Susquehanna & Western 5s, 1943, 
North Hudson County, N. J., 5s, 1928, 
Trenton Passenger 6s, 1923, 
Trenton Passenger 6s, 1925, 
Trenton Passenger 6s, 1926, 
Trenton Passenger 6s, 1927, 
Trenton Passenger 6s, 1928, 
Trenton Passenger 6s, 1931, 
United New Jersey R.R. & Canal 4s, 1929, 
United New Jersey R.R. & Canal 4s, 1944, 
West Jersey & Sea Shore 3|s, 1936, 

Miscellaneous Bonds. 
Newark Gas Co. 6s, 1944, 



1913 



Book Value. 


Rate. 


Market Value. 


$150 00 


100 


[$150 00 


500 00 


100 


500 00 


125 00 


100 


100 00 


25,000 00 


102 


25,500 00 


75,000 00 


102| 


76,781 25 


19,000 00 


104 


19,760 00 


271,658 87 


111! 


270,337 50 


183,397 28 


131| 


180,497 50 


133,441 49 


107 


130,540 00 


206,558 74 


109 


202,740 00 


249,827 76 


H8| 


266,625 00 


277,641 50 


133 


288,610 00 


65,783 52 


107 


65,270 00 


119,703 68 


125| 
1121 


125,750 00 


142,656 11 


140,625 00 


112,409 84 


117| 


125,992 50 


138,269 65 


112^ 


138,375 00 


104,094 43 


118 


106,200 00 


132,049 60 


111 


138,750 00 


2,410 20 


117| 


2,352 50 


3,657 42 


119 


3,570 00 


3,687 60 


H9| 


3,588 75 


4,948 41 


120 


4,800 00 


6,218 35 


120 


6,000 00 


31,379 27 


120 


30,000 00 


52,153 87 


no| 


55,312 50 


53,694 44 


110& 


55,312 50 


14,641 50 


94i 


14,137 50 


234,359 17 


136 


243,440 00 


,166,334 34 




$3,208,381 50 



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, 816 Olive Street. 

Income. 

Net fire premiums, 

Interest on mortgage loans, $412; collaterals, $11,881.17; stocks 

and bonds, $158,447.74; all other, $3,403.28, .... 

Profit on sale or maturity of ledger assets, 



1,022,028 21 

173,644 19 
7,531 25 



Total income, 
Ledger assets, Dec. 31, 1904, 



^2,203,203 65 
3,359,921 33 



Total $5,563,124 98 

Disbursements. 

Net amount paid for fire losses, $990,103 01 

Interest and dividends to stockholders, 100,000 00 

Commissions or brokerage, 393,101 99 

Salaries, fees, etc., of officers and employees, 102,271 83 

Rents 7,888 92 

Taxes and fees, 68,049 97 

Advertising, 3,130 57 

Postage, express, exchange and telegraph, 14,483 33 

General expense, 224,094 41 

Total disbursements, $1,903,124 03 

Balance, $3,660,000 95 



110 



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, 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . 

Gross assets, 

Assets not admitted. 
Special deposits less $33,771.23 liability thereon, 



$7,500 00 

170,000 00 

2,975,828 17 

233,815 58 

272,857 20 

13,660,000 95 

574,711 75 

$4,234,712 70 

38,878 77 

$4,195,833 93 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $14,328.59 resisted, $199,367.41 ; less re- 
insurance, $52,385.27, $146,982 14 

Unearned premiums on outstanding risks, $1,613,371.34 ; plus same 

on disallowed reinsurance, $9,477.13, 1,622,848 47 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$2,426,003 32 



. $1,769,830 61 



1,000,000 00 
1,426,003 32 



Total liabilities, $4,195,833 93 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, . 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Premiums. 

$269,915,730 00 $3,231,773 86 
. 226,846,319 00 2,936,148 54 



$496,762,049 00 $6,167,922 40 
.201,255,280 00 2,596,903 90 



$295,506,769 00 $3,571,018 50 
. 33,949,280 00 503,183 57 



$261,557,489 00 $3,067,834 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 (10 per cent.), . 
Company's stock owned by directors, 

Schedule A. Securities held as Collateral 



$30,615,756 00 

15,236,361 00 

1,014,598 00 

1,951,412 00 

100,000 00 

166,500 00 



Company's 
Market Value. 



Loaned 
Thereon. 



Nashville Terminal Co. bonds, .... 

700 shares Broadway Real Estate Co., St. Louis, . 

50 " Commonwealth Trust Co., St. Louis, . 



$125,000 00 $100,000 00 
70,000 00 60,000 00 

17,150 00 10,000 00 



$212,150 00 $170,000 00 



AMEBIC AN CENTRAL INSURANCE CO. 



Ill 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
300 shares United, St. Louis, preferred, . . . 

Bank Stocks. 
100 shares Boatmen's, St. Louis, Mo., 
68 " Mechanics' Amer. National, St. Louis, Mo., 
3,900 " Nat'l Bank of Commerce, St. Louis, Mo., 
250 " Third National, St. Louis, Mo., . 

Miscellaneous Stocks. 
2 shares General Adjustment Bureau, N. Y., . 
500 " Hargadine-McK. D. G. Co. St. Louis, Mo 
57 " Laclede G. L. Co., pref'red, St. Louis, Mo 
1 share Western Adjt. & Inspec. Co., Chicago, 111 

Government Bonds. 
United States 2s, 1930, . • 

State and Municipal Bonds. 

Georgia 4|s, 1915, 

Carthage,"Mo., School Dist. 4s, 1908-23, 
Fort Worth, Tex., 4s, 1941, .... 

Norborne, Mo., 6s, 1909 

Peirce City, Mo., 5s, 1917, .... 
Portland, Ore., 4s, 1928, 

Railroad Bonds. 

Atlantic City 4s, 1951, 

Central of Ga. Cons. 5s, 1945, 

Chesapeake & Ohio 4|s, 1992, 

Chicago, Burlington & Quincy 4s, 1921, 

Chicago, Rock Island & Pacific 4s, 1934, 

Columbia & St. Louis 4s, 1945, 

Fort Worth & Denver City 6s, 1921, 

Fort Worth & Rio Grande 4s, 1928, 

Illinois Cent. (St. Louis Div. & Term.) 3s, 1951, 

Kansas City, Fort Scott & Mem. 4s, 1936, . 

Kansas City Southern 3s, 1950, 

Little Rock & Hot Springs, Western 4s, 1939, 

Missouri Pacific 4s, 1945, ... 

St. Clair, Madison & St. L. Belt 4s, 1951, . 

St. Louis, Council Bluffs & Omaha 6s, 1908, 

St. Louis, Iron M. & Southern 4s, 1929, 

St. Louis, Iron M. & Southern 5s, 1931, 

St. Louis, Mem. & So. Eastern 4|s, 1909, 

St. Louis Merchants Bridge Co. 6s, 1929, 

St. Louis & San Francisco 4s, 1951, 

St. Louis & Southwestern 4s, 1932, 

St. Louis & Suburban 5s, 1923, 

Southern Pacific 4s, 1955, .... 

Tenn. Central Construction notes, 

Union Depot 6s, 1918, 

United, St. Louis, 4s, 1934, .... 
Wabash-Pitts. Term. 4s, 1954, 

Miscellaneous Bonds. 
Frisco Annex Realty Co. 5s, 1928, . 
Kinlock Long Dist. Tel. 5s, 1929, . 
Laclede Gas Light Co. 5s, 1919, 
Lincoln Real Estate Building Co. 6s, 1923, . 
Mo. Elec. Light & Power Co. 6s, 1921, . 
National Enameling & Stamping Co. 5s, 1907-1911, 
Pontiac Building Co. 5s, 1922 



Book Value. 
$24,275 00 

11,800 00 

21,115 50 

814,345 00 

76,250 00 

100 00 

60,000 00 

3,282 00 

125 00 



11,725 00 
55,000 00 
49,080 00 
4,000 00 
15,000 00 
53,000 00 

24,500 00 
55,687 50 
26,718 75 
14,850 00 
24,031 25 
28,875 00 
40,231 25 
23,025 00 
8,800 00 
86,625 00 
21,450 00 
23,718 75 
47,640 62 
30,430 00 
18,000 00 

47.812 50 
26,875 00 
73,250 00 
85,950 00 
80,556 25 
34,576 25 
49,250 00 
23,843 75 

3,956 30 
80,875 00 
65,811 25 
45,750 00 

25,000 00 
48,250 00 

69.813 75 
79,187 50 
98,640 00 

103,000 00 
48,000 00 



LKate. 
84 

2621 
333" 
349 
325 

100 

110 

95 

100 



211,750 00 102 i 



111* 
100" 
98 
104 
109 
103 

95 
112|- 

1064 
99" 
94i 
94" 

110| 
89| 
82i 
85i 
72| 
92 
90$ 
91 

102 
92| 

1U% 
96 

113 
85| 
81 
97 
95 
98 

116 
86i 
85| 

1011 
97| 

1071 

107" 

116 

100 

100 



Market Value. 
$25,200 00 

26,250 00 

22,644 00 

1,361,100 00 

81,250 00 

100 00 

55,000 00 

5.415 00 

100 00 

204,750 00 

11,150 00 
55,000 00 
49,000 00 
4,160 00 
16,350 00 
51,500 00 

23,750 00 
56,187 50 
24,625 00 
14,850 00 
23,625 00 
31,020 00 
38,762 50 
22,375 00 

8,250 00 
85,500 00 
21,712 50 
23,000 00 
45,312 50 
34,580 00 
18,360 00 
46,375 00 
28,718 75 
72,000 00 
96,050 00 
74,602 50 
34,020 00 
48,500 00 
23,750 00 

3,877 17 
87,000 00 
64,875 00 
42,812 50 

25,375 00 
48,750 00 
80,625 00 
80,250 00 
102,080 00 
100,000 00 
50,000 00 



$2,975,828 17 



$3,550,539 92 



112 



AMERICAN FIRE INSURANCE CO. 



AMERICAN FIRE INSURANCE COMPANY, PHILADELPHIA, PA. 

Incorporated Feb. 28, 1810. Commenced business March 12, 1810. 

Paid-up Capital, $500,000. 

CLARENCE E. PORTER, President. WAITE BLIVEN, Secretary. 

Home Office, 308 Walnut Street. 
Income. 



Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $35,550.58; collaterals, 

stocks and bonds, $56,648. 17 ; all other, $91.51, . 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$105.43 



$1,737,799 37 

27,078 41 

92,395 69 

21,570 72 

2,624 74 

4,298 16 

$1,885,767 09 

2,800,040 82 



Total, $4,685,807 91 

Disbursements. 

Net amount paid for fire losses, $939,856 05 

Deposit premiums returned, 32,850 32 

Interest and dividends to stockholders, . • 30,000 00 

Commissions or brokerage, 403,453 93 

Salaries, fees, etc., of officers and employees, . . . ... 70,920 16 

Rents, including company's own occupancy, 6,000 00 

Repairs and expenses on real estate, 14,461 40 

Real estate taxes, $5,402.26 ; other taxes and fees, $45,398.50, . 50,800 76 

Loss on sale or maturity of ledger assets, 42,014 70 

Board and patrol assessments, 18,443 81 

Advertising and subscriptions, 6,537 47 

Printing and stationery, 9,094 48 

Maps and surveys, 5,472 57 

Traveling expenses, 1,516 81 

Salaries and expenses of adjusters, 71,034 03 

Agency expenses, 17,966 96 

Miscellaneous expenses, 16,405 63 

Total disbursements $1,736,829 08 

Balance, $2,948,978 83 

Ledger Assets, 

Real estate, $323,835.49; mortgages, $649,275.55, .... $973,11104 

Stocks and bonds (Schedule A), 1,577,248 77 

Cash in banks and ofiice, 136,409 70 

Agents' balances, 242,982 32 

Ground rents, \ 18,000 00 

Perpetual insurance deposit, 1,227 00 

Total ledger assets, $2,948,978 83 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, 12,362 15 



AMERICAN FIRE INSURANCE CO. 



113 



$3,976 46 

32,863 41 

38,035 49 

1,227 00 

2,467 50 



Rents accrued on company's property, 11,003 32 

Market value of stocks and bonds over book value, .... 25,943 73 

Gross assets, $2,988,288 03 

Assets not admitted. 

Agents 1 balances over three months due, . 
Special deposits less $23,761.59 liability thereon, 
Book value of real estate over market value, . 

Perpetual insurance deposit, 

Interest due, 

Total unadmitted assets, . 78,569 86 

Total admitted assets, $2,909,718 17 

Liabilities. 

Unpaid losses, including |2 1,850. 05 resisted, f 173,554.93 ; less re- 
insurance, $8,543.62, 

Unearned premiums on outstanding risks, $1,436,640.49 ; plus same 
on disallowed reinsurance, $8,738.64, 

Reclaimable on perpetual fire policies, 

Reserve for contingencies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$694,798 26 



$165,011 31 

1,445,379 13 

574,529 47 

30,000 00 

$2,214,919 91 

500,000 00 
194,798 26 

12,909,718 17 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, .... 
Perpetual risks in force (not included above), 



Premiums. 

$229,945,246 00 $2,824,365 16 
. 173,448,386 00 2,193,000 34 



$403,393,632 00 $5,017,365 50 
. 154,373,540 00 2,010,526 64 



$249,020,092 00 $3,006,838 86 
. 19,437,820 00 244,406 24 



$229,582,272 00 $2,762,432 62 
. $22,107,396 00 $630,214 19 



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, 



$47,192,807 00 

26,730,476 00 

920,239 00 

3,030,936 00 

30,000 00 

110,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Atchison, Topeka & Santa Fe, preferred, 
500 '■ Philadelphia Traction, . 
100 " Southern, preferred, .... 

30 " Wheeling & Lake Erie, 1st preferred, . 

15 " Wheeling & Lake Erie, 2d preferred, . 



Book Value. 

$10,312 50 

49,562 50 

9,912 50 



Kate. 
105 
201 
1004 

42', 
263 



Market Value. 

$10,500 00 

50,250 00 

10,025 00 

1.275 00 

401 25 



114 



AMERICAN FIRE INSURANCE CO. 



Miscellaneous Stocks. 
500 shares Cambria Iron Co., 

County and Municipal Bonds. 
Allegheny County Pa., 5s, 1913, 
New York, N. Y., 3*s, 1953, . 
Portland, Ore., 5s, 1919, 
Homestead, Pa., 5s, 1909, 
Homestead, Pa., 5s, 1914, 
Pittsburgh, Pa., 4s, 1926, 

Railroad Bonds. 
Allegheny Valley 7s, 1910, . 
Altoona & Logan Valley Electric 4^s, 1933, 
American 5s, 1911, ..... 
Ashtabula & Pittsburgh 6s, 1908, . 
Atlantic Coast Line 4s, 1952, . 
Baltimore & Ohio (So. West. Div.) 3^s, 1925 
Belt R.R. & Stock Yard 6s, 1911, . 
Camden & Atlantic 5s, 1911, 
Central of New Jersey 4s, 1911, 
Chesapeake & Ohio 4s, 1906, . 
Chesapeake & Ohio 4s, 1907, . 
Chicago, Rock Island & Pacific 4s, 1909, 
Chicago, Rock Island & Pacific 4s, 1910, 
Chicago, Rock Island & Pacific 4s, 1911, 
Chicago, Rock Island & Pacific 4s, 1912, 
Chicago, Rock Island & Pacific 4s, 1913, 
Chicago, Rock Island & Pacific 4s, 1914, 
Chicago, Rock Island & Pacific 4s, 1915, 
Choctaw & Memphis 5s, 1949, 
Choctaw, Oklahoma & Gulf 5s, 1919, . 
Choctaw, Oklahoma & Gulf 5s, 1952, . 
Cincin., Hamilton & Dayton equipment 4*s, 1912 
Colorado & Southern 4s, 1929, . .• 
Connecticut R'y & Lighting Co. 4^s, 1951, 
Consolidated Traction, New Jersey, 5s, 1933 
Denver & Rio Grande equipment 4|s, 1906, 
East St. Louis & Suburban 5s, 1932," 
Erie Car Trust 4^s, 1906, 
Erie Car Trust 4*s, 1907, 
Georgia R'y & Electric 5s, 1932, . 
Huntingdon & Broad Top Mountain 5s, 1925 
Iron Mountain Car Trust 5s, 1909, 
Iron Mountain Car Trust 5s, 1911, 
Iron Mountain Car Trust 5s, 1912, 

Joliet 5s, 1918, 

Lafayette Street, Ind., 6s, 1913, 

Lehigh Valley, annuity, 6s, . 

Lehigh Valley 4*s, 1923, 

Lehigh Valley 4|s, 1940, 

Long Island ref. 4s, 1949, 

Northern Pacific 3s, 2047, 

Pennsylvania & New York Canal & R.R. 5s, 1939 

Pennsylvania 4^s, 1913 

Pennsylvania Co. 3|s, 1916, . 

Pennsylvania Steel trust 3*s, 1909, 

Pennsylvania Steel trust 3*s, 1910, 

Pennsylvania Steel trust 3^s, 1911, 

Pennsylvania Steel trust 3|s, 1912, 

Pennsylvania Steel equipment trust 3|s, 1913 

Philadelphia & Reading 4s, 1947, . 

Philadelphia & Reading 7s, 1911, . 

Pittsburgh, Chartiers & Youghiogheny 4s, 1932, 

Reading Co., and Phila. & Reading C. & I. Co. 4s, 1997 

Seaboard & Roanoke 5s, 1926, 

Seaboard & Roanoke 6s, 1916, . 

Second Avenue Traction, Pittsburgh, Pa., 5s, 1934, 

Southern equipment 4s, 1909, 

Southern equipment trust 4|s, 1912, 

Steubenville & Indiana 5s, 1914, . 

St. Louis & San Francisco equipment 5s, 1908, 



Book Value. 
$21,562 50 

1,039 86 
25,031 25 
50,000 00 
3,112 78 
4,357 90 
5,357 78 

5,848 07 

19,445 00 

34,562 50 

15,486 12 

23,634 44 

35,750 00 

20,200 00 

15,535 72 

14,213 33 

8,933 66 

10,918 92 

4,910 12 

1,954 25 

2,916 98 

7,719 15 

2,890 28 

2,877 98 

955 32 

11,850 00 

32,215 00 

22,713 89 

20,261 70 

9,450 00 

24,606 87 

53,652 16 

14.868 08 
51,125 00 

2,006 75 

24,081 00 

20,144 44 

9,412 50 

2,133 80 

20,000 00 

13.869 72 
15,628 55 
20,840 00 
59,044 92 
25,562 50 
10,971 25 
20,233 33 
15,000 00 
82,542 93 
42,106 01 
22,977 50 

4,925 45 

4,903 05 

4,881 80 

4,861 31 

4,835 17 

25,000 00 

57,352 32 

9,250 00 

20,787 72 

20,700 00 

21,628 76 

11,275 00 

14,547 67 

10,132 50 

20,419 59 

9,688 27 



Kate. 
98 

108i 

98| 
1134 

1034 

108 
107 

110i 
94 

10H 

103" 

100 

91£ 

108* 

105| 

98| 

99 

99 

93f 

93f 

93f 

93 

93 

92^ 

92 1 

116* 

107 

110| 

92£ 
100 
107 
100 
102 
99 
99 
102* 
1051 
101* 
102* 
102§ 
100 
104 
151 
107 
108| 
100* 
76| 
118| 
103 
97 
98 
96| 
96 
97| 
974 
103 
114 
94 
101$ 
110* 
102" 
113 
98* 
100" 
100 
100 



Market Value. 
$24,500 00 

1,085 00 
24,687 50 
56,625 00 
3,097 50 
4,320 00 
5,350 00 

5,512 50 

18,800 00 

35,525 00 

15,450 00 

25,000 00 

36,500 00 

21,700 00 

15,787 50 

14,737 50 

8,910 00 

10,890 00 

4,668 75 

1,867 50 

2,801 25 

7,440 00 

2,790 00 

2,763 75 

921 25 

11,650 00 

32,100 00 

22,050 00 

_* 

9,212 50 

25,000 00 

53,500 00 

15,000 00 

51,000 00 

1,980 00 

23,760 00 

20,500 00 

10,525 00 

2,030 00 

20,500 00 

13,341 25 

15,000 00 

20,800 00 

77,010 00 

26,750 00 

10,875 00 

20,100 00 

11,493 75 

90,250 00 

41,200 00 

23,280 00 

4,900 00 

4,837 50 

4,800 00 

4,862 50 

4,862 50 

25,750 00 

57,000 00 

9,400 00 

25,343 75 

22,100 00 

20,400 00 

12,430 00 

14,775 00 

10,000 00 

21,000 00 

10,000 00 



* Value indeterminable. 



UNDERWRITERS AT AMERICAN LLOYDS. 



115 



St. Louis & San Francisco equipment 5s, 1909, 
United Traction, Pittsburgh, 5s, 1997, . 
Western New York & Pennsylvania 5s, 1937, 
Wheeling & Lake Erie 4s, 1949, .... 
Wheeling & Lake Erie car lease warrants 5s, 1907, 
Wheeling & Lake Erie car lease warrants 5s, 1909, 
Wheeling & Lake Erie car lease warrants 5s, 1910, 
Wheeling & Lake Erie car lease warrants 5s, 1911, 
Wilmington & Northern stock trust 4s, 
Wisconsin Central 4s, 1949, 

Miscellaneous Bonds. 
Eastern Equipment Co., New Jersey, 5s, 1908, 
Glen wood Highway Bridge Co., Pa., 6s, 1924, 
Mather Humane Stock Transportation Co. 5s, 1911, 
Middlesex Banking Co., Conn., 5s, 1908, 
Philadelphia Company 5s, 1951, .... 
Potomac Elec. Power Co., Washington, D. C, 5s, 1929 

Savannah Gas Co. 5s, 1923, 

West Chester Lighting Co , N. Y., 5s, 1950, . 



UNDERWRITERS AT AMERICAN LLOYDS, NEW 

Commenced business April 30, 1890. 
GEORGE A. STANTON, Attorney 

Home Office, 45 Cedar Street. 

Income. 

Net fire premiums, 

Interest on bonds, 

Deposited by 5 new subscribers, 

Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, .... 

Cash dividends paid, 

Retiring subscribers, 

Commissions or brokerage, .... 

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

Taxes and fees, . • 

All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 

Bonds (Schedule A), 

Cash in banks, 

Agents' balances, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued on bonds, . 



Book Value. 


Rate. 


Market Value. 


. $14,818 33 


100 


$15,000 00 


24,440 97 


HO* 


27,625 00 


5,925 00 


116^ 


5,825 00 


14,250 00 


89§ 


13,443 75 


3,003 90 


100 


3,000 00 


9,013 50 


101 


9,090 00 


3,003 30 


101 


3,030 00 


5,000 50 


101 


5,050 00 


5,021 67 


100 


5,000 00 


23,283 34 


93 


23,250 00 


20,020 56 


100 


20,000 00 


10,849 17 


112 


11,200 00 


20,038 88 


100 


20,000 00 


25,000 00 


90 


22,500 00 


24,812 50 


103i 


25,875 00 


), 25,187 50 


106f 


26,593 75 


25,361 73 


104 


24,960 00 


16,730 00 


108 


16,200 00 


$1,577,248 77 




$1,603,192 50 


YDS, NEW 


YORK, 


N. Y. 



Gross assets, 



$273,646 29 
24,090 70 
10,000 00 

$307,736 99 
761,177 09 

fl,068,914 08 



156,198 92 

44,220 60 

50,163 61 

89,156 90 

4,820 00 

6,620 87 

714 70 

$251,895 60 

$817,018 48 



$674,943 75 

106,015 49 

36,059 24 

$817,018 48 



6,908 34 
$823,926 82 



116 



UNDERWRITERS AT AMERICAN LLOYDS. 



Assets not admitted. 
Book value of bonds over market value, . 



$41,781 25 



Total admitted assets, f 782,145 57 

Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, 

Due for return premiums, $3,245.37 ; reinsurance, $1,354.25, . 
Reserve for contingencies, 

All liabilities, except subscribers' deposits and surplus, . 

Surplus to policy holders, $528,773 55 

Subscribers' deposits paid up, 

Surplus over subscribers' deposits and general liabilities, 



83,248 82 

145,523 58 

4,599 62 

100,000 00 

$253,372 02 

100,000 00 
428,773 55 



Total liabilities, $782,145 57 

Risks and Premiums. 

Premiums. 
Fire risks outstanding Dec. 31, 1904, .... $29,025,858 00 $273,869 20 



Fire risks written during 1905, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. 37,377,329 00 326,241 95 



.$66,403,187 00 $600,111 15 
. 33,922,073 00 307,321 91 



.$32,481,114 00 $292,789 24 
269,750 00 1,742 07 



.$32,211,364 00 $291,047 17 



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, .... 



Schedule A. Bonds owned by the Company. 



$3,279,313 00 

1,206,534 00 

49,827 00 

436,287 00 

44,221 00 



State, County and Municipal Bonds. 
Massachusetts 3-|s, 1935, 
Essex County, New Jersey, 4s, 1938, 
Brooklyn, N. Y., 3*s, 1937, . 
New York, N. Y., 3*s, 1954, . 
New York, N. Y., 3s, 1925, . 
New York, N. Y., 3|s, 1928, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe general 4s, 1995, 
Baltimore & Ohio 4s, 1948, . 
Cleveland, Cincinnati, Chicago & St. Louis 4s, 1993, 

Metropolitan Street 5s, 1997, 

N. Y. Central & Hudson River (West Shore) 4s, 2361, 
Pittsburg, Cincinnati. Chicago & St. Louis 4s, 1945, 



Book Value. 

$25,156 25 
59,000 00 
55,500 00 

137,687 50 

152,625 00 
27,375 00 

25,000 00 
24,875 00 
33,975 00 
61,125 00 
46,000 00 
26,625 00 



Rate. 

104§ 

107 

100 

100 
91| 
99^ 

101£ 
1021 
102£ 
1121 
105f 
1021 



Market Value. 

$31,387 50 

53,500 00 

50,000 00 

135,000 00 

137,625 00 

24,812 50 

25,468 75 
25,625 00 
25,718 75 
56,250 00 
42,150 00 
25,625 00 



$674,943 75 



$633,162 50 



AMERICAN MUTUAL FIRE INSURANCE CO. 



117 



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. 

Office, 10 Weybosset Street. 

Income. 
Net premiums, 



Interest on stocks and bonds, $10,312.50; all other, 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1904, .... 



$1,536.67 



Total, 



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

Rents, 

Taxes and fees, 

Inspections, 

Total disbursements, 

Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), 

Cash in banks, 

Premiums in course of collection, 



Total ledger assets, 



Non-Ledger Assets 

Interest due and accrued on stocks and bonds, . 
Market value of stocks and bonds over book value, 

Gross assets, 

Assets not admitted 
Dividends not declared or guaranteed, 

Total admitted assets, . . 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 

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

Total liabilities, 



$271,103 62 
11,849 17 
4,972 50 

$287,925 29 
290,063 68 

$577,988 97 



$14,282 30 
217,734 63 
4,550 05 
1,258 00 
4,658 72 
3,995 77 

$246,479 47 

$331,509 50 



$274,799 56 

49,873 92 

6,836 02 

$331,509 50 



2,824 78 
14,436 69 

$348,770 97 



640 00 



$348,130 97 



$783 56 

132,758 90 

4,650 02 

$138,192 48 
209,938 49 

$348,130 97 



118 



ASSURANCE COMPANY OF AMERICA. 



Risks and Premiums. 



Risks outstanding Dec. 31, 1901, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $27,483,804 00 
. 35,167,816 00 

.$62,651,620 00 
. 30,233,644 00 



Cash Prem'8. Conting't Prem's. 

$228,172 21 $1,140,861 05 
285,755 81 1,428,779 05 



$513,928 02 $2,569,640 10 
248,410 23 1,242,051 15 



.$32,417,976 00 $265,517 79 $1,327,588 95 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 93.33 per cent. 



$14,724 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

200 shares Chicago-Gt. Western debenture, . 

100 " Cleveland & Pittsburgh, 

60 " Illinois Central, 

40 " Illinois Central, leased lines, 

200 " Manhattan, 

100 " Minn., St. Paul & St. Ste. Marie, preferred 

130 " Morris & Essex, 

100 u New York, New Haven & Hartford, . 

150 " Old Colony, 

500 " Pennsylvania, 

200 " Pittsburgh, Bessemer, Lake Erie, preferred 

200 " Union Pacific, preferred, 

105 " West End Street, 

Municipal Bonds. 

Boston, Mass., 4s, 1910, 

Boston, Mass., 3|s, 1930, 

Providence, R. I., 4s, 1925, 

Railroad Bonds. 
Denver City Tramway 5s, 1919, .... 
N. Y., New Haven & Hartford 3^s, 1956, 



Book Value. 

$17,612 50 

9,550 00 

8,077 50 

4,200 00 

31,337 50 

15,812 50 

11,395 00 

18,267 90 

27,750 00 

31,890 00 

15,400 00 

19,625 00 

9,850 00 

10,000 00 
10,000 00 
22,000 00 

8,000 00 
4,031 66 

$274,799 56 



Rate. 

86 
182 
175^ 
103i 
162| 
172 
188 
196£ 
208 
143| 
148 

99i 
199" 

101$ 
100 
107 1 

101* 
117l 



Market Value. 
$17,200 00 

9,100 00 
10,515 00 

4,140 00 
32,450 00 
17,200 00 
12,220 00 
19,625 00 
31,200 00 
35,906 25 
14,800 00 
19,900 00 
10,447 50 

10,187 50 
10,000 00 
21,525 00 

8,120 00 
4,700 00 



$289,236 25 



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, 

Interest on bonds, $28,661.61 ; all other, $1,655.03, . 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$446,260 08 

30,316 64 

521 25 

$477,097 97 
997,696 96 



Total, $1,474,794 93 

Disbursements. 



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



. $240,785 43 

138,452 21 

1,595 00 



ASSURANCE COMPANY OF AMERICA. 



119 



Taxes and fees, . 

All other disbursements, 

Total disbursements, 

Balance, 



$18,659 63 

13,028 26 

$412,520 53 

1,062,274 40 



Bonds (Schedule A), 
Cash in banks, 
Agents' balances, 



Ledger Assets. 



$961,655 50 

44,173 35 

56,445 55 

Total ledger assets, $1,062,274 40 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $3,802.14; other assets, $645.97, 



4,448 11 



Gross assets, 



Assets not admitted. 

Agents' balances over three months due, . 
Book value of bonds over market value, . 

Total unadmitted assets, 



$602 37 
54,013 00 



$1,066,722 51 



54,615 37 



Total admitted assets, $1,012,107 14 



Liabilities. 

Unpaid losses, including $3,340 resisted, $53,202 ; less reinsurance, 

$9,381, 

Unearned premiums on outstanding risks, 

Commissions and other charges due agents and brokers, . 
Reserve for contingencies, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$617,580 89 



$43,821 00 

334,806 43 

8,137 85 

7,760 97 

$394,526 25 

400,000 00 
217,580 89 



Total liabilities $1,012,107 14 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$54,748,257 00 
. 54,869,084 00 

$109,617,341 00 
. -51,231,234 00 

.$58,386,107 00 
. 6,102,038 00 



Premiums. 

$683,418 23 
659,766 13 

1,343,184 36 
634,617 50 



,566 <# 
78,935 30 



. $52,284,069 00 $629,631 56 



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, 



$5,339,934 00 

3,401,009 00 

228,540 00 

265,456 00 

208,800 00 



120 



ATLANTIC MUTUAL INSURANCE CO. 



Schedule A. Bonds owned by the Company. 



New York, N. Y. 
New York, N. Y. 
New York, N. Y. 
New York, N. Y. 
New York, N. Y. 
New York, N. Y. 
New York, N. Y. 



Municipal Bonds. 
5s, 1906, 
3s, 1907, 
3s, 1925, 
3is, 1927, 
3|s, 1928, 
,, 3|s, 1940, 
3is, 1952, 

Railroad Bonds. 
Atchison, Top. & Santa Fe general mortgage 4s 
Baltimore & Ohio prior lien 3is, 1925, . 
Baltimore & Ohio (S. W. Div^ 3^s, 1925, . 
Chicago & Alton 3s, 1949, . 
Denver & Rio Grande 4s, 1936, 
Lake Shore & Michigan Southern 4s, 1928, . 
Lehigh & Wilkes-Barre Coal 4is, 1910, 

Manhattan 4s, 1990, 

Metropolitan Street 4s, 2002, .... 
Oregon Short Line 6s, 1922, .... 
Richmond & Danville 5s, 1927, . 
St. Louis, Iron Mountain & Southern 4s, 1929, 
Scioto Valley & New England 4s, 1989, 
Terminal Association of St. Louis 4s, 1953, . 



1995, 



Book Value. 
$10,073 00 
107,680 00 
101,250 00 
110,400 00 
25,437 50 
221,750 00 
106,160 00 

30,600 00 
18,550 00 
17,850 00 
16,565 00 
20,200 00 
19,750 00 
10,137 50 
31,450 00 
18,450 00 
24,790 00 
11,100 00 
19,162 50 
20,300 00 
20,000 00 



Rate. 

100 & 
991 

m 

99] 
99} 
99 
98| 

101* 
94} 
9l| 
8H 
99| 
99i 

10li 

102i 
89" 

122| 

110 
92| 

100 

100 



$961,655 50 



Market Value. 

$10,062 50 

108,455 00 

91,750 00 

99,250 00 

24,812 50 

198,000 00 

98,750 00 

30,562 50 
18,850 00 
18,250 00 
16,300 00 
19,950 00 
19,900 00 
10,125 00 
30,750 00 
17,800 00 
24,525 00 
11,000 00 
18,550 00 
20,000 00 
20,000 00 

$907,642 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, 



Interest on stocks and bonds, $275,390.19 ; all other, $ 20,348.46, 
Rents, including company's own occupancy, 

Total income, 

Ledger assets, Dec. 31, 1904, .... 



Total, 



Disbursements. 



Net amount paid for marine losses, . 

Scrip redeemed in cash, 

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, . 
R^al estate taxes, $58,593.12 ; other taxes and fees, 

Salvage expenses, 

Commissary, 

Advertising, 

Stationery, 

Subscriptions to newspapers, books, etc., . 
Insurance on plate glass, etc., .... 
All other disbursements, ..... 

Total disbursements, 

Balance, 



. $2,746,973 77 
295,738 65 
313,131 34 

. $3,355,843 76 
. 13,094,292 46 

$16,450,136 22 



$914,481 58 

1,220,170 00 

453,991 70 

64,678 99 

346,153 65 

50,000 00 

104,785 57 

101,996 08 

17,898 53 

10,956 59 

6,230 08 

6,800 30 

4,606 26 

1,293 76 

9,503 53 

. $3,313,546 62 

$13,136,589 60 



ATLANTIC MUTUAL INSURANCE CO. 



121 



Ledger Assets. 



Real estate, 

Stocks and bonds (Schedule A), 

Cash in banks, . 

Deposited with foreign bankers, 

Bills receivable, not matured, 

Overdue notes, . 

Bills receivable, . 

Scrip owned by the company, 



Total ledger assets, 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . 

Gross assets, 

Assets not admitted. 

Company's scrip owned, 

Bills receivable, past due, 

Overdue notes, 

Book value of real estate over market value, . 

Total unadmitted assets, 



K,374,426 04 

5,506,568 09 

1,841,078 46 

175,632 33 

1,127,674 83 

22,543 32 

65,986 53 

22,680 00 

$13,136,589 60 



. 2,092,751 84 
$15,229,341 44 



$22,680 00 

65,986 53 

22,543 32 

426 04 



Total admitted assets, 



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, . 
Balance of scrij), applied to overdue notes, 
Reserve for contingencies, . 
Outstanding certificates of profits, 

All liabilities, except surplus, 
Surplus, 



Total liabilities, 




111,635 89 
$15,117,705 55 



£2,247,991 00 

581,762 85 

200,981 48 

48,416 47 

115,828 48 

21,263 23 

220,000 00 

7,637,930 00 

$11,074,173 51 
. 4,043,532 04 

$15,117,705 55 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total 

Risks expired and terminated, . 

In force at end of year, 



$131,675,520 00 

. 699,840,154 00 

$831,515,674 00 

. 703,854,023 00 



Premiums. 

$616,516 57 
2,977,854 37 

13,594,370 94 
3,012,608 09 



$127,661,651 00 $581,762 85 



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, . 



$224,329,637 00 

127,613,339 00 

. 1,046,759 00 

. 1,179,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

1,330 shares Chic. & Northwestern, 

700 " Delaware & Hudson, . 



Book Value. 

$198,803 13 

160,262 50 



Kate. 

223 

220 



Market Value. 

$296,590 00 

154,000 00 



122 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 



2,000 shares Del., Lack. & "Western, 

250 " Great Northern, preferred, 

400 " Morris & Essex, 

4,000 " New York Central & Hudson River, . 

500 " N. Y., Lackawanna & Western, 

200 " Northern Pacific, .... 

6,000 " Pennsylvania, 

Bank Stocks. 
900 shares American Exchange, New York, 
500 " Bank of America, New York, . 
360 " Bank of the Manhattan Co., New York, 
942 " Bank of New York, .... 
333 " Market & Fulton, New York, . 
850 " Mechanics', New York, 
1,403 " Merchants', New York, 
805 " Metropolitan Trust Co., New York, . 
805 " National Bank of Commerce, New York, 
100 " U. S. Mortgage & Trust Co., New York, 

Miscellaneous Stocks. 
700 shares Consolidated Gas Co., N. Y., 

Government and State Bonds. 
United States 4s, 1925, . 
District of Columbia 3.65s, 1924, 
New York, N.Y., 3s, 1912, . 
New York, N. Y., 6s, 1610, . 
New York, N. Y., 3*s, 1916, . 
New York, N. Y., 3|s, 1953, . 

Railroad Bonds. 
Brooklyn & Montauk 5s, 1938, 
Chicago, Burlington & Quincy (111 Div.) 4s, 1949, 
Lake Shore & Michigan Southern 4s, 1928, 
New York Central & Hudson River 4s, 1934, 
N. Y., Chicago & St. Louis 4s, 1937, 
Northern Pac.-Gt. Nor. (C. B. & Q. Col.) 4s, 1921, 
St. Paul, Minn. & Man. (Pac. Ext.) 4s, 1940, 
West Shore 4s, 2361, 

Miscellaneous Bonds. 
Consolidated Gas Co., N. Y., 6s, 1909, 



Book Value. 


Rate. 


Market Value. 


. $159,212 50 


445 


$445,000 00 


69,381 25 


274 


68,500 00 


34,475 00 


188 


37,600 00 


194,430 19 


153& 


612,500 00 


61,687 50 


136 


68,000 00 


40,625 00 


203 


40,600 00 


. 374,606 25 


143| 


430,875 00 


113,004 82 


265 


238,500 00 


61,765 49 


525 


262,500 00 


25,524 81 


310 


55,800 00 


154,805 98 


310 


292,020 00 


45,080 00 


265 


88,245 00 


82,369 10 


275 


233,750 00 


80,203 98 


170 


119,255 00 


294,558 63 


600 


483,000 00 


115,437 11 


195 


156,975 00 


26,420 01 


515 


51,500 00 


80,065 31 


186| 


130,725 00 


558,843 00 


130 


650,000 00 


94,351 79 


117 


234,000 00 


220,750 00 


96| 


193,500 00 


45,284 25 


108f 


38,018 75 


634,920 00 


99* 


597,000 00 


500,625 00 


98| 


493,750 00 


75,000 00 


108 


81,000 00 


50,250 00 


106* 


53,250 00 


198,125 00 


99$ 


199,000 00 


143,483 75 


99| 


149,625 00 


195,357 50 


103 


206,000 00 


145,622 50 


99f 


149,812 50 


50,424 24 


102 


49,453 68 


203,312 50 


105| 


210,750 00 


17,500 00 


167 


29,225 00 


$5,506,568 09 




$7,599,319 93 



BLACKSTONE MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated August, 1868. Commenced business August, 1868. 
WM. B. McBEE, President. JAMES H. SWEET, Secretary. 

Office, 10 Weybosset Street. 

Income. 
Net premiums, 



Interest on stocks and bonds, $25,528.38 ; all other, $ 4,530. 08, 
Profit on sale or maturity of ledger assets, ... 



Total income, 
Ledger assets, Dec. 31, 1904, 



$627,603 74 
30,058 46 
3,725 00 

$661,387 20 
660,638 92 



Total, $1,322,026 12 

Disbursements. 



Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc , of officers and employees, 
Rents, including company's own occupancy, 
Taxes, 



$24,995 85 
538,262 90 

11,689 96 
1,785 08 

11,764 05 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 



123 



Inspections, 

All other disbursements, 

Total disbursements, 

Balance, 

Ledgee Assets. 
Stocks and bonds (Schedule A), 

Cash in banks, 

Premiums in course of collection, 

Total ledger assets, 

Non-Ledger Assets 
Interest accrued : — 
On stocks and bonds, $8,375.75 ; other assets, $1,244 
Market value of stocks and bonds over book value, 



Gross assets, 



Assets not admitted 

Prems. in course of collection over three months due, 
Dividends not declared or guaranteed, 

Total unadmitted assets, .... 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes, 



All liabilities, except surplus, 
Surplus, 



52, 



$8,988 63 
3,790 43 


$601,276 90 


$720,749 


22 


$576,537 54 

132,063 50 

12,148 18 


$720,749 


22 


9,620 27 
114,183 46 


$844,552 


95 



2,151 



50 
00 



2,153 50 



$842,399 45 

$6,641 85 

309,321 16 

9,911 24 

$325,874 25 
516,525 20 



Total liabilities, $842,399 45 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total, ' 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $70,223,545 00 
. 82,336,338 00 

$152,559,883 00 
. 75,268,236 00 



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

$570,252 28 $2,851,261 40 
657,281 44 3,286,407 20 



.,227,533 72 
608,891 39 



^6,137,668 60 
3,044,456 95 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 92.9 per cent. 

Schedule A. Stocks and I 

Railroad Stocks. 
60 shares Albany & Susquehanna, 
150 " Atlanta & Charlotte (Air Line), 
270 " Chicago & Northwestern, 
200 " Clevel'd, Cin., Chic. & St. Louis, 
100 " Cleveland & Pittsburgh, 
100 " Erie & Pittsburg, . 
150 " Hereford, .... 
360 ■■ Illinois Central, . 
100 " Illinois Central " Leased Lines," 



.$77,291,647 00 $618,642 33 $3,093,211 65 

$30,383 00 



preferred 



r NED BY THE 


Company. 


Book Value. 


Kate. 


Market Value. 


. $14,580 00 


240 


$14,400 00 


25,325 00 


170 


25,500 00 


27,467 08 


223 


60,210 00 


I, 23,750 00 


118.', 


23,700 00 


9,750 00 


182 


9,100 00 


8,237 50 


158 


7,900 00 


15,178 12 


99} 


14,887 50 


37,417 50 


175.1 


63,090 00 


10,750 00 


103? 


10,350 00 



124 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



110 shares Mahoning Coal, preferred, . 
250 " Manhattan Elevated, . . 

300 " Morris & Essex 

944 " Pennsylvania, ..... 
100 " Pittsburg, Bessemer & Lake Erie, preferred 
170 " Pittsburg, Ft. Wayne & Chicago, 
222 " Pittsburg, McKeesport & Youghiogheny, 

50 " Rensselaer & Saratoga, .... 
200 " Rome, Watertown & Ogdensburg, 

50 " Upper Coos, 

Bank Stocks. 
200 shares Lime Rock National, Rockland, Me., . 

Government and State Bonds. 

United States 4s, 1925 

Rhode Island 3^s, 1924 

Railroad Bonds. 
Chicago, Burlington & Quincy 3|s, 1949, 
Long Island guar, ref . 4s, 1949, .... 
Northern Pac.-Gt. North. (C, B. & Q. Col.) 4s, 1921, 
United Traction & Electric, Providence, 5s, 1933, 



Book Value. 


Rate. 


Market Value. 


$6,655 00 


105 


$5,775 00 


35,162 50 


1624, 


40,562 50 


28,269 23 


188 


28,200 00 


60,203 24 


143| 


67,791 00 


I, 7,702 60 


148 


7,400 00 


29,442 50 


182i 


31,025 00 


15,446 00 


135^ 


14,985 00 


9,900 00 


208 


10,400 00 


20,000 00 


134 


26,800 00 


7,450 00 


150 


7,500 00 


2,000 00 


- 


- 


16,000 00 


130 


20,800 00 


100,000 00 


102| 


102,750 00 


4,000 00 


94| 


3,9.90 00 


9,900 00 


100* 


10,050 00 


26,951 27 


99f 


55,930 00 


25,000 00 


110* 


27,625 00 


$576,537 54 




$690,721 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, $13,650 ; all other, $25 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec 31, 1904, .... 

Total, 

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

Rents, 

Taxes and fees, 

Postage and express 

Stationery, printing and advertising, . 

Local board, ....... 

Adjustment expense, 

All other disbursements, 

Total disbursements, 

Balance, 



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

Total ledger assets, 



Ledger Assets. 



.65, 



$431,516 88 
13,675 65 
53 12 

$445,245 65 
467,724 28 

$912,969 93 



$211,168 29 
122,989 43 
8,862 32 
1,987 50 
6,220 54 
1,479 51 
1,578 32 
3,111 63 
3,435 75 
1,050 30 

$361,883 59 

$551,086 34 



$421,045 75 
56,935 68 
73,104 91 

$551,086 34 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



125 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, . 



Gross assets, 



Liabilities. 
Unpaid losses, including $620 resisted, 121,087.49; less reinsur- 
ance, $3,434.13, 

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, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



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, 



$275,439 30 



$38,065,632 00 
48,842,871 00 

$86,908,503 00 
39,777,509 00 

$47,130,994 00 
3,359,024 00 



$3,350 00 
8,585 50 

$563,021 84 



$17,653 36 

267,692 07 

2,237 11 

$287,582 54 

200,000 00 
75,439 30 

$563,021 84 



Premiums. 

$409,405 90 
577,435 62 



,841 52 

434,269 82 

$552,571 70 

44,594 94 



$43,771,970 00 $507,976 76 



$1,815,409 00 

1,042,931 00 

217,304 00 

5,000 00 

176,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Atchison, Topeka & Santa Fe, preferred, 
100 " Baltimore & Ohio, 
200 " Chicago, Milwaukee & St. Paul, 
100 " Erie, 1st preferred, 
200 " Illinois Central, . 
400 " Lehigh Valley, 
500 " Pennsylvania, 
100 " Union Pacific, common, 
100 " Union Pacific, preferred, 

Miscellaneous Stocks. 
100 shares Consolidated Gas Co., New York, 
100 " General Electric Co 

Municipal Bonds. 

New York, N. Y., 3?,s, 1927 

New York, N. Y., 3|s, 1940, .... 



Book Value. 

$10,187 50 
11,487 50 
32,912 50 
8,500 00 
27,012 50 
22,275 00 
31,593 75 
11,462 50 
9,787 50 

21,012 50 
18,762 50 

109,250 00 
106,802 00 



Kate. 
105 
113| 

181| 

81 

1754 
163^ 
143| 
150 1 

99^ 

186f 
177 

99^ 
99 



Market Value. 

$10,500 00 

11,387 50 

36,350 00 

8,100 00 
35,050 00 
32,700 00 
35,906 25 
15,062 50 

9,950 00 

18,675 00 
17,700 00 

99,250 00 
99,000 00 



$421,045 75 



$429,631 25 



126 BUFFALO COMMERCIAL INSURANCE CO. 



BUFFALO COMMERCIAL INSURANCE COMPANY, BUFFALO, N. Y. 

Incorporated April 15, 1S96. Commenced business April 16, 1896. 
Paid-up Capital, $200,000. 
JOHN G. WICKSER, President. GEO. H. HOFHE1NS, Secretary. 

Home Office, 455 Main Street. 

Income. 

Net fire premiums, $286,485 87 

Interest on mortgage loans, $6,106.78; bonds, $ 11, 142. 82, . . 17,249 60 

Profit on sale or maturity of ledger assets, 518 00 



Total income, $304,253 47 

Ledger assets, Dec. 31, 1904, 500,028 44 



Total, $804,2801 

Disbursements. 

Net amount paid for fire losses, $125,905 42 

Interest and dividends to stockholders, 16,000 00 

Commissions or brokerage, 75,591 93 

Salaries, fees, etc., of officers and employees, 8,725 08 

Rents, 483 36 

Taxes and fees, 7,172 05 

Loss on sale or maturity of ledger assets, 1,725 26 

All other disbursements, 12,128 54 



Total disbursements, $247,731 64 



Balance, $556,550 27 

Ledger Assets. 

Mortgages, $136,800 00 

Bonds (Schedule A), 281,750 00 

Cash in banks and office, 105,923 80 

Agents' balances, 32,076 47 



Total ledger assets, $556,550 27 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $659.19; bonds, $1,402.42, 2,06161 



Gross assets, $558,611 88 

Assets not admitted. 
Book value of bonds over market value, 950 00 



Total admitted assets, . $557,661 88 

Liabilities. 

Unpaid losses, including $1,000 resisted, $14,333 00 

Unearned premiums on outstanding risks, $214,794.64 ; plus same 

on disallowed reinsurance, $745.42, 215,540 06 

Reserve for contingencies, 5,000 00 



All liabilities, except capital and surplus, $234,873 06 



BUFFALO GERMAN INSURANCE CO. 



127 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$322,788 82 



$30,358,924 00 
28,466,880 00 

$58,825,304 00 
23,042,553 00 

$35,782,751 00 
1,392,643 00 



$200,000 00 
122,788 82 

$557,661 88 



Premiums. 

$359,554 91 
349,972 37 

$709,527 28 
291,815 30 

$417,711 98 
14,095 22 



. $34,390,108 00 $403,616 76 



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. Bonds owned by the Company. 

Government and Municipal Bonds 
United States 2s, 1930, . 
Buffalo, N.Y.,3*s, 1909, 
Buffalo, N. Y.,3|s, 1910, 
Buffalo, N.Y.,3*s, 1911, 
Buffalo, N.Y.,3ls, 1911, 
Buffalo, N.Y.,3|s, 1911, 
Buffalo, N.Y.,3is, 1910, 
Buffalo, N. Y., 3|s, 1922, 
Buffalo, N.Y.,3£s, 1923, 
New York, N. Y?, 3£s, 1917, 
New York, N. Y., 3§s, 1928, 
New York, N. Y., 3ts, 1929, 
New York, N. Y., 3ls, 1954, 



$1,642,715 

852,565 

126,920 

59,000 

16,000 



00 
00 
00 
00 
00 



70,500 00 



Book Value. 


Rate. 


Market Value. 


$51,750 00 


102$ 


$51,187 50 


5,000 00 


100 


5,000 00 


5,000 00 


100 


5,000 00 


5,000 00 


100 


5,000 00 


20,000 00 


100 


20,000 00 


25,000 00 


100 


25,000 00 


50,000 00 


100 


50,000 00 


10,000 00 


100 


10,000 00 


10,000 00 


100 


10,000 00 


25,000 00 


99i 


24,875 00 


25,000 00 


99i 


24,812 50 


10,000 00 


99i 


9,925 00 


40,000 00 


100 


40,000 00 


$281,750 00 




$280,800 00 



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 fire premiums, $540,273 87 

Interest on mortgage loans, $21,003.57; collaterals, $863.20; 

bonds, $47,299.07; all other, $3,281.50, 72,447 34 

Rents, including company's own occupancy, 23,570 97 

Profit on sale or maturity of ledger assets, 4,928 48 



128 



BUFFALO GERMAN INSURANCE CO. 



Brokerage, 

Increase in book value of real estate, 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $13,503.85 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, . 
Premiums on bonds purchased, .... 

Profit and loss, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $332,000 ; mortgages, $449,205, 
Loans secured by collateral (Schedule A), 

Bonds (Schedule B), 

Cash in banks and office, .... 
Agents 1 balances, 



$12,387. 46 



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $5,026.01 ; bonds, $7,708.01, . 
Rents due on company's property, . . . . 



Gross assets,* 



Assets not admitted. 
Book value of bonds over market value, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $2,350 resisted, 

Unearned premiums on outstanding risks, $ 499,065. 89 ; plus same 

on disallowed reinsurance, $3,654.46, 

Reserve for contingencies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$1,834,944 83 



$3,705 45 
20,000 00 

$664,926 11 
2,301,611 51 

$2,966,537 62 



$225,966 73 

60,000 00 

141,739 78 

32,004 85 

2,000 00 
24,745 28 
25,891 31 
11,026 00 
13,000 13 

7,296 02 
23,019 88 

$566,689 98 

$2,399,847 64 



$781,205 00 

8,950 00 

1,352,500 00 

190,631 17 

66,561 47 

(2,399,847 64 



12,734 02 
518 63 

$2,413,100 29 



2,175 00 
$2,410,925 29 



$23,260 11 

502,720 35 
50,000 00 

$575,980 46 

200,000 00 
1,634,944 83 

12,410,925 29 



* Including $200,000 special reserve held under New York law 



CALEDONIAN- AMERICAN INSURANCE CO. 



129 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, . . . ^ . 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$93,854,891 00 
. 63,580,987 00 



Premiums. 

$973,645 03 
698,623 52 



$157,435,878 00 $1,672,268 55 
. 56,249,474 00 632,676 98 



$101,186,404 00 $1,039,591 57 
. 8,732,148 00 82,603 20 



.$92,454,256 00 $956,988 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 (30 per cent.), . 
Company's stock owned by directors, 

Schedule A. Securities held as Collateral. 



$12,398,997 00 

. 5,934,592 00 

230,498 00 

. 1,445,925 00 

60,000 00 

41,500 00 



10 shares Exchange Elevator Co., Buffalo, N. Y., 
50 " Fidelity Trust Co., Buffalo, N. Y., 
25 " Third National Bank, Buffalo, N. Y., 



Company's 
Market Value. 

$1,000 00 

10,000 00 

2,500 00 



Loaned 
Thereon. 

$700 00 
8,250 00 



$13,500 00 $8,950 00 



Schedule B. Bonds owned by the Company. 



Municipal Bonds. 
Buffalo, N. Y., 3AS, 1906-1929, 
New York, N. YT, 34s, 1928, . 
New York, N. Y., 31s, 1929, . 
New York, N. Y., 3ls, 1951, . 
New York, N. Y., 3|s, 1952, . 
New York, N. Y., 3|s, 1953, . 
New York, N. Y., 3|s, 1954, . 



Book Value. 


Kate. 


Market Value. 


$846,500 00 


100 


$846,500 00 


25,000 00 


99| 


24,812 50 


40,000 00 


99^ 


39,700 00 


50,000 00 


98| 


49,375 00 


55,000 00 


98| 


54,312 50 


30,000 00 


98| 


29,625 00 


306,000 00 


100 


306,000 00 


$1,352,500 00 


$1,350,325 00 



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. B. G. STARK, Secretary. 

Home Office, 50 Pine Street. 

Income. 

Net fire premiums, f 18,362 07 

Interest on stocks and bonds, 9,700 00 



Total income, 
Ledger assets, Dec. 31, 1904, 



$28,062 07 
302,422 01 



Total, $330,484 08 

Disbursements. 



Net amount paid for fire losses, . 
Interest and dividends to stockholders, 



$6,609 96 
9,000 00 



130 CALEDONIAN-AMERICAN INSURANCE CO. 

Commissions or brokerage, $4,358 40 

Salaries, fees, etc., of officers and employees, 1,129 27 

Rents, 69 51 

Taxes and fees, 288 60 

All other disbursements, 746 73 



Total disbursements, $22,202 47 



Balance, $308,281 61 

Ledger Assets. 

Stocks and bonds (Schedule A), $288,757 59 

Cash in banks, 1,265 63 

Agents' balances, 18,000 59 

Due from other companies, 257 80 



Total ledger assets $308,281 61 

Non-Ledger Assets. 
Interest due and accrued on stocks and bonds, 2,345 83 



Gross assets, $310,627 44 

Assets not admitted. 

Agents' balances over three months due, . . . $265 86 

Book value of stocks and bonds over market value, . 1,357 59 

Dividends not declared or guaranteed, . . . 558 33 

Total unadmitted assets, » 2,181 78 



Total admitted assets, $308,445 66 

Liabilities. 

Unpaid losses, including $1,612.70 resisted, $9,709.25; less rein- 
surance, $7,977.58, $1,731 67 

Unearned premiums on outstanding risks, 12,034 53 

Due for reinsurance premiums, 4,978 67 



All liabilities, except capital and surplus, $18,744 87 

Surplus to policy holders, $289,700 79 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, 89,700 79 

Total liabilities, $308,445 66 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . .$15,775,618 00 $180,878 36 



Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



. 10,623,488 00 126,338 92 



.$26,399,1(6 00 $307,217 28 
. 13,664,483 00 160,648 43 



.$12,734,623 00 $146,568 85 
. 10,694,374 00 122,820 60 



Net amount in force $2,040,249 00 $23,748 25 

Miscellaneous. 

Premiums received from organization of company, .... $370,214 00 

Losses paid from organization of company, 286,838 00 

Fire losses incurred during the year, 7,689 00 



CALUMET INSURANCE CO. OF ILLINOIS. 



131 



Cash dividends declared from organization of company, . 
Dividends declared during the year (4.5 per cent.), . 
Company's stock owned by directors, . 



$46,000 00 
9,000 00 
4,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Cleveland & Pittsburg, .... 

200 " Morris & Essex, .... 
100 " N. Y., Chicago, St. Louis, 1st preferred, 
200 " Pittshurg, Bessemer & L. E., 
100 •" Rome, Watertown & Ogdenshurg, 

Municipal Bonds. 
New York, N. Y., 3s, 1908, 

Railroad Bonds. 
Brooklyn, Queens Co. & Suhur. 1st mortgage 5s, 1941, . 

N. Y., Ont. & Western 4s, 1992, 

Steinway, N. Y., 6s, 1922, 

10th & 23d St. Ferry 5s, 1919, 



Book Value. 

$17,976 06 

17,639 29 

11,687 67 

7,283 90 

12,785 79 



5,481 25 

5,097 38 

5,718 75 

5,087 50 

$288,757 59 



Rate. 
182 
188 
118 
68 
134 



Market Value. 
18,200 00 
18,800 00 
11,800 00 
6,800 00 
13,400 00 



200,000 00 98J 197,750 00 



105 
101 
115 

92 



5,250 00 
5,050 00 
5,750 00 
4,600 00 

$287,400 00 



CALUMET INSURANCE COMPANY OF ILLINOIS, CHICAGO, ILL. 

Incorporated Jan. 21, 1905. Commenced business March 22, 1905. 

Paid-up Capital, $200,000. 

W. IRVING OSBORNE, President. A. W. HAIGHT, Secretary. 

Home Office, 153 La Salle Street. 

Income. 

Net fire premiums, $272,788 72 

Interest on mortgage loans, f 180 ; collaterals, $100; stocks and 

bonds, $841.55; all other, $5,703.84, 6,825 39 

Total income, $279,614 11 

Ledger assets, March 22, 1905, 500,000 00 

Total, $779,614 11 

Disbursements. 

Net amount paid for fire losses, $34,484 94 

Commissions or brokerage, 66,315 39 

Salaries, fees, etc., of officers and employees, 27,042 12 

Rents, 1,638 62 

Taxes and fees, 3,854 16 

Loss on sale or maturity of ledger assets, 37 50 

Advertising, postage, express and telegrams, 2,283 59 

Board assessments and fire patrol, 1,348 03 

Accrued interest on mortgages purchased, 392 55 

Organization expenses, 7,857 34 

General expenses, 2,116 30 

Traveling expenses, 9,386 08 

Maps, 6,124 56 

Printing and stationery, 6,138 78 

Furniture and fixtures, 1,244 99 

Total disbursements, $170,264 95 

Balance, $609,349 16 

Ledger Assets. 

Mortgages, $68,500 00 

Loans secured by collateral (150 shares Dodge Mfg. Co.), . . 5,000 00 



132 



CALUMET INSURANCE CO. OF ILLINOIS. 



Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Deposit with Philadelphia Underwriters' Association, 



,714 38 

53,821 80 

41,212 98 

100 00 



Total ledger assets, $609,349 16 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,142.73; stocks and bonds, $7,053.70; collat- 
eral loans, f 52.50 ; other assets, $13.33, 



9,262 26 



Gross assets, 



Assets not admitted. 
Book value of stocks and bonds over market value, . 



$618,611 42 



1,530 00 



Total admitted assets, $617,081 42 



Liabilities. 

Unpaid losses, $15,019 ; less reinsurance, $511.84, . 
Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due or accrued, 
Due for reinsurance premiums, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, ..... 

Paid-up capital, 

Surplus over capital and general liabilities, 



$451,490 89 



$14,507 16 

149,069 96 

599 37 

1,414 04 

$165,590 53 

200,000 00 
251,490 89 



Total liabilities, $617,081 42 



Risks and Premiums. 



Fire risks written during 1905, .... 
Risks expired and terminated, .... 

In force at end of year, 

Amount reinsured, 

Net amount in force, 

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, 



Miscellaneous Stocks. 
1 share Western Adjust. & Inspec. Co., 

County and Municipal Bonds. 
Cook County, 111., 4s, 1907, 
Cook County, 111., 4s, 1908, 
Cook County, 111., 4s, 1909, 
Cook County, 111., 4s, 1910, 
Cook County, 111., 4s, 1912, 
Cook County, 111., 4s, 1913, 
Chicago, 111., Sanitary Dist. 4s, 1915, 
Chicago, 111., Sanitary Dist. 4s, 1911, 
Chicago, 111., Sanitary Dist. 4s, 1912, 
Chicago, 111., Sanitary Dist. 4s, 1913, 



. $25,986,745 00 
. 5,722,176 00 

.$20,264,569 00 
906,574 00 



Premiums. 

$351,110 71 
75,902 72 

$275,207 99 
13,684 55 



. $19,357,995 


00 


$261,523 44 

$351,111 00 

38,250 00 
48,992 00 
70,300 00 


d by the Company. 


Book Value. 


Rate. 


Market Value. 


$140 00 


100 


$100 00 


25,156 25 


1001 


25,125 00 


25,250 00 


101 


25,250 00 


25,343 75 


101ft 


25,343 75 


10,175 00 


101* 


10,187 50 


11,845 00 


102ft 


11,801 88 


38,765 63 


103 


38,625 00 


25,152 50 


101 


25,250 00 


20,122 00 


KXH 


20,100 00 


3,018 30 


100| 


3,018 75 


21,128 10 


lOOf 


21,157 50 



CAMDEN FIRE INSURANCE ASSOCIATION. 



133 



Chicago, 111., Sanitary Dist. 4s, 1917, 

Chicago, 111., Sanitary Dist. 4s, 1923, . 

Lake View, 111., 4s, 1923, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe adjustment 4s, 1995, 
Kansas City R'y & Light Co. 5s, 1913, . 
Minn., St. Paul & Sault Ste. Marie 4s, 1938, 

Miscellaneous Bonds. 

Central Leather Co. 5s, 1925, 

U. S. Steel Corporation 5s, 1963, .... 



Book Value. 

$4,024 40 

2,012 20 

109,975 00 

14,100 00 
30,237 50 
25,250 00 

24,956 25 
24,062 50 

$440,714 38 



Kate. Market Value. 

10H $4,045 00 

10H 2,030 00 

103| 109,975 00 



931 
98 
100 

99 

96 



14,025 00 
29,400 00 
25,000 00 

24,750 00 
24,000 00 

$439,184 38 



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, 

on perpetual risks, 

,63; stocks 



Deposit premiums on perpetual risks, 
Interest on mortgage loans, $17,195 .87 ; collaterals, $520 . 
and bonds, $39,165 ; all other, $1,121.10, 

Rents 

From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $747.32 ; other taxes and fees, $12,282.20, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 



Total disbursements, 



Balance, 



Ledger Assets. 
Real estate, $54,749.50 ; mortgages, $393,794.02, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), ... 

Cash in banks and office, 

Agents' balances, 

Deposit with Philadelphia Underwriters Association, 



8873,776 19 
1,220 75 



58,002 60 
690 30 
30 32 

$933,720 16 
1,355,841 28 

$2,289,561 44 



$347,173 80 

589 96 

29,983 00 

242,245 07 

25,640 16 

431 73 

13,029 52 

2,619 90 

30,306 99 

$692,020 13 

1,597,541 31 



$448,543 52 

55,000 00 

945,848 72 

45,638 55 

102,310 52 

200 00 



Total ledger assets $1,597,541 31 



134 



CAMDEN FIRE INSURANCE ASSOCIATION. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,013; stocks and bonds, $855; collateral loans, 

$356.28; other assets, $321.08, . . . . 
Market value of stocks and bonds over book value, .... 



Gross assets, 



Assets not admitted. 

Book value of real estate over market value, . . $5,749 50 

Deposit with Philadelphia Underwriters' Association, 200 00 

Total unadmitted assets, 



$5,545 36 
4,015 03 

$1,607,101 70 



5,949 50 



Total admitted assets, $1,601,152 20 



Liabilities. 

Unpaid losses, $79,101 ; less reinsurance, $6,926.13, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, .... 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, 

Due for reinsurance premiums, 

Interest on mortgage loans paid in advance, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid up capital, 

Surplus over capital and general liabilities, 



$875,836 32 



$72,174 87 

626,401 84 

24,165 07 

210 80 

135 00 

1,885 30 

343 00 

$725,315 88 

400,000 00 

475,836 32 



Total liabilities, $1,601,152 20 



Risks and Premiums. 



Fire risks outstanding Dec, 31, 1904, . 
Fire risks written during 1905, . 



Total, .... 
Risks expired and terminated, 



Premiums. 

,081,731 00 $871,395 02 
,323,742 00 1,140,912 14 



$159,405,473 00 $2,012,307 16 
. 61,520,823 00 798,646 28 



.$97,884,650 00 $1,213,660 88 
. 5,562,797 00 78,051 01 



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

Net amount in force, $92,321,853 00 $1,135,609 87 

Perpetual risks in force (not included above), . $1,191,329 00 $26,850 08 



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 (7.5 per cent.), . 
Company's stock owned by directors, 



13,257,563 00 

1,268,394 00 

365,858 00 

369,903 00 

52,865 00 

30,000 00 

59,805 00 



CAMDEN FIRE INSURANCE ASSOCIATION. 



135 



Schedule A. Securities held as Collateral. 



200 shares Central Trust Co., 
205 " Central Trust Co., 
180 " Central Trust Co., 

10 " Security Trust Co., 
Western Maryland R.R. Co. 4s, 
100 shares Philadelphia Co., . 
100 " Central Trust Co., 

20 " So. Jersey Gas, Electric & Traction Co., 



Company's 
Market Value. 

$14,000 00 

14,350 00 

12,600 00 

2,150 00 

26,100 00 

5,200 00 

7,000 00 

2,460 00 



Loaned 
Thereon. 

$5,000 00 

12,000 00 

5,000 00 

1,000 00 

25,000 00 

5,000 00 
2,000 00 



$83,860 00 . $55,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

400 shares Camden Horse, 

100 " Philadelphia, German town & Norristown, 

150 " Philadelphia Traction, . 

100 " United N. J. R.R. & Canal, . 

500 " West Jersey & Seashore, 

Bank Stocks, 
16 shares Girard Trust Co., Philadelphia, Pa., 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
25 " General Asphalt Co., preferred, . 
47 " Lake Superior Corporation, . 
20 " Morris Canal & Banking Co., preferred, 
100 " Philadelphia Co., preferred, . 
300 " Philadelphia & Camden Ferry Co., 

County and Municipal Bonds. 
Camden County, N. J., 4s, 1944, 
Duluth, Minn., 5s, 1926, 
Bridgeton, N. J., 4s, 1927, . 
Camden, N. J., 7s, 1906-1907, 
Collingswood, N. J., 4s, 1910-1959, 
Gloucester City, N. J., 4s, 1915, 
Jersey City, N. J., 4s, 1932, . 
Ocean City, N. J., 4is, 1920, . 
Ocean City, N. J., 4s, 1932, . 

Railroad Bonds. 
Atlantic City 5s, 1919, 
Atlantic Coast Line 4s, 1952, . 
Camden Horse 5s, 1912, . 
Camden & Suburban 5s, 1910-11, 
Camden & Suburban 5s, 1946, 
Choctaw & Memphis 5s, 1949, 
Choctaw, Okla. & Gulf 5s, 1919, 
Choctaw, Okla. & Gulf 5s, 1952, 
Citizens' St., Muncie, Ind., 6s, 1927, . 
Consolidated Traction, N. J., 5s, 1933, . 
Erie Car Trust 4^s, 1907-08, . 
Iron Mountain Car Trust 5s, 1909-11, . 
Jersey City, Hoboken & Paterson 4s, 1949, 
Lehigh Valley Coal 5s, 1933, . . 
Newark Passenger 5s, 1930, . 
Norfolk & Western 4s, 1996, . 
Norfolk & Western Pocahontas 4s, 1941, 

Paterson 6s, 1931, 

Penn. & Northwestern 5s, 1930, 
St. Louis & San Francisco Equip. 5s, 1908, 
Seaboard Air Line Equip. 5s, 1909-13, . 
South Bound 5s, 1941, .... 
So. Jersey Gas, Elec. & Trac. 5s, 1953, . 
Syracuse Rapid Transit 5s, 1946, . 
Wisconsin Central 4s, 1949, . 
West Jersey & Seashore 3|s, 1936, 



Book Value. 

$56,189 99 
16,900 00 
14,537 50 
27,194 63 
31,239 25 



150 00 
4,262 50 
1,034 00 
3,500 00 
4,712 50 
38,225 00 

107,500 00 

5,800 00 

5,343 33 

3,583 70 

25,000 00 

50,166 67 

5,100 00 

38,330 96 

7,098 85 

3,397 50 

4,530 84 
16,106 94 
10,000 00 
16,040 00 

5,475 00 
26,135 00 

5,062 50 

4,216 67 
54,862 50 
10,075 00 
15,374 89 
24,128 33 
21,143 75 
40,644 45 
19,062 50 

4,737 50 

8,917 00 
11,600 00 

9,712 50 
25,340 97 

9,750 00 
20,754 16 

8,110 00 
13,662 50 

9,729 31 



Rate. 
520 
338 
201 

270 
130 



7,973 37 759 



100 
39 
18 

165 
99 

300 

I08i 
116f 
100 
100 

99 
101 
1001 
102 

99 



100 

101 

100 

106 

1164 

107 

110i 

105 

107 

99 
102 

75i 
1H| 
112* 
100^ 

93| 
122" 
HO* 
100" 
100 
1121 
100 " 
108 

93 

94^ 



Market "Value. 
$52,000 00 
16,900 00 
15,075 00 
27,000 00 
32,500 00 

12,144 00 

150 00 

975 00 

846 00 

3,300 00 

4,950 00 

45,000 00 

108,250 00 

5,837 50 

5,000 00 

3,000 00 

24,750 00 

50,500 00 

5,025 00 

38,760 00 

6,930 00 

3,292 50 

5,000 00 
15,150 00 
10,000 00 
15,900 00 

5,825 00 
26,750 00 

5,512 50 

4,200 00 
53,500 00 

9,900 00 
15,300 00 
22,575 00 
23,441 25 
39,375 00 
20,100 00 

4,675 00 

8,540 00 
11,050 00 
10,000 00 
25,000 00 
11,250 00 
20,000 00 

8,640 00 
13,950 00 

9,425 00 



136 



THE CAPITAL FIRE INSURANCE CO. 



Miscellaneous Bonds. 
Hudson County Gas Co. 5s, 1949, . 
Lake Superior Corporation 5s, 1924, 
Maryland Steel Co. 5s, 1922, .... 
Newark Con. Gas Co. 5s, 1948, 
Paterson & Passaic Gas & Electric Co. 5s, 1949, 
Philadelphia Co. 5s, 1949, .... 
Philadelphia Co. 5s, 1951, .... 
Trenton Gas & Electric Co. 5s, 1949, . 



Book Value. 


Rate. 


Market Value. 


. $11,068 06 


107! 


$10,725 00 


225 00 


42 


210 00 


20,208 33 


1014 


20,300 00 


10,830 55 


111 


11,100 00 


10,594 44 


104 


10,400 00 


14,157 50 


108 


14,040 00 


15,687 50 


1031 


15,525 00 


10,665 28 


108 


10,800 00 


$945,848 72 




$949,863 75 



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. RUFUS N. ELWELL, Secretary. 

Home Office, 2 South Main Street. 

Income. 

Net fire premiums, $338,907 54 

Interest on mortgage loans, $5,700. 46; collaterals, $422.50; stocks 

and bonds, $10,873.21; all other, $288.13, 17,284 30 

Rents, 6,116 00 

Profit on sale or maturity of ledger assets 130 00 

Discounts on losses, 602 79 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



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, $1,323.11 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, . 

Interest on bonds 

Printing and stationery, 

Advertising, 

Office furniture, 

All other disbursements, 



Total disbursements, 
Balance, 



1,721 



.85, 



Ledger Assets. 

Real estate, $92,818.24; mortgages, $103,862.55, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 

Agents' balances, 

Deposited in savings banks, 

Total ledger assets, .... 



$363,040 63 
500,925 43 

$863,966 06 



$151,804 07 

8,000 00 

80,217 67 

19,654 13 

700 16 

2,119 88 

11,044 96 

1,132 90 

306 30 

1,210 26 

653 08 

70 00 

7,425 61 

$284,339 02 

$579,627 04 



$196,680 79 
27,300 00 
268,920 36 
26,473 71 
37,006 26 
23,245 92 

$579,627 04 



THE CAPITAL FIRE INSURANCE CO. 



137 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,426.86; stocks and bonds, $917.13; collateral 

loans, $63.24; other assets, $245, . 
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, 
Due from other companies, .... 



Gross assets, 



Liabilities. 
Unpaid losses, including $2,500 resisted, $31,166.08 ; less reinsur- 
ance, $2,618.20 

Unearned premiums on outstanding risks, 

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, 



$301,051 52 



$2,652 23 
923 00 

10,631 76 

9,394 14 

866 03 

$604,094 20 



$28,547 88 

267,743 37 

6,751 43 

$303,042 68 

200,000 00 
101,051 52 



Total liabilities, $604,094 20 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Premiums. 

.$37,962,501 00 $465,777 31 
. 34,143,929 00 440,024 53 



. $72,106,430 00 $905,801 84 
. 24,528,725 00 353,563 84 



. $47,577,705 00 $552,238 00 
. 3,288,534 00 46,777 05 



.$44,289,171 00 $505,460 95 



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 per cent.), 
Company's stock owned by directors, 



Schedule A. Securities held as Collateral. 



$4,061,103 00 

1,824,459 00 

154,271 00 

129,614 00 

8,000 00 

96,400 00 



10 shares National Bank, Lebanon, N. H., . 

10 " Iowa Loan & Trust Co., 

50 " Page Belting Co., .... 
150 " Providence Building Co., 

50 " Boylston National Bank, Boston, . 

10 " United States Steel, preferred, 
Chicago, Rock Island & Pacific R.R. 4s, 1934, 
Greenfield, Deerfield & Northampton St. Ry. 5s, 
Illinois Central R.R. 3^s, 1951, 

33 shares General Electric Co., . 

10 " Pullman Co., .... 



1923, 



Company's 
Market Value. 

$1,250 00 I 
1,350 00 ( 
2,500 00 
9,000 00 
5,000 00 1 
1,060 00 | 
2,400 00 }• 
3,000 00 

500 00 J 
5,808 00 i 
2,450 00 | 



Loaned 
Thereon. 

$1,700 00 

1,600 00 
8,000 00 

10,000 00 
6,000 00 



$34,318 00 $27,300 00 



138 



THE CAPITAL FIRE INSURANCE CO. 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
35 shares Atchison, Topeka & Santa Fe, preferred, 
30 " Chicago Junct. & Union Stock Yd., preferred, 
60 " Concord & Montreal, 
50 " Illinois Central, 
10 " Manhattan Elevated, 
20 " Mass. Electric, preferred, 
60 " Pennsylvania, 

Bank Stocks. 
10 shares National Bank of Lebanon, N. H., 
20 " National State Capital, Concord, N. H., 

Miscellaneous Stocks. 
10 shares American Agricultural Chem. Co., preferred, 
20 " American Locomotive Co., preferred, 
10 " American Telephone & Telegraph Co., 
44 " American Woolen Co., preferred, . 

7 " A mory Manufacturing Co., . 

1 share Amoskeag Manufacturing Co., 

8 shares Concord Axle Co., .... 
10 " Concord Electric Co., preferred, 
87 " Concord Real Estate Co., 
10 " Denver Gas & Electric Co., . 
20 " Federal Sugar Refining Co., preferred, 
22 " Mergen thaler Linotype Co., . 
30 " Missouri & Kansas Telephone Co., 

2 " Nashua Manufacturing Co., . 

25 " Page Belting Co. 

25 " Prescott Piano Co., preferred, 

30 " Pullman Palace Car Co., 

50 " Temple Iron Co., . 

60 " United Shoe Machinery Co., preferred, 

1 share Western Adjustment & Inspection Co., 
5 shares Western Telephone & Tel. Co., preferred, 
20 " Western Union Telegraph Co., 

Government and Municipal Bonds 
Japanese 4^s, ..... 
Montrose Co., Col., 4s, 1910, . 
Concord, N. H., 3is, 1913, 
Concord, N. H., 3|s, 1915, 
Concord, N. H., 3|s, 1917, 
Concord, N. H., 4s, 1922, 
Dover, N. H., 4s, 1912, . 
Portsmouth, N. H., 4s, 1913, . 

Railroad Bonds. 
Atchison, Top. & Santa Fe adjust. 4s, 1995, 
Atchison, Top. & Santa Fe general mortgage 4s, 1995 
Chicago, Cincinnati & Louisville 4Js, 1953, 
N. Y. Central & Hudson River 4s, 1934, 
Northern Pac.-Gt. Nor. (C. B. & Q. Col.) 4s, 1921, 
Pere Marquette 4s, 1943, 
Southern Ind. 4s, 1951, .... 
St. Louis & San Francisco 4s, 1951, 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 4s, 1929, 
Central Loan & Debenture Co. 6s, 1891-99, 
City Water Co., Merrill, Wis., 6s, 1907, 
Denver Consolidated Electric Co. 6s, 1910, 
Denver Consolidated Gas & Electric Co. 5s, 1949, 
Denver Gas & Electric Co. 6s, 1918, 
Eastman Car Co. 5s, 1909, 
Metropolitan Steamship Co. 5s, 1930, 
Nebraska Loan & Trust Co. 6s, 1899, 
New Hampshire Trust Co. 4s, 1904, 
N. Y. & Pennsylvania Tel. & Tel. Co. 4s, 1929, 
United States^ Steel Corporation 5s, 1963, 
Western Union Telegraph Co. 4is, 1950, 
Winfield, Kan., Water Co. 6s, 1904, 



Book Value. 


Kate. 


Market Value. 


$3,526 25 


105 


$3,675 00 


3,537 50 


125 


3,750 00 


9,033 30 


184 


11,040 00 


7,262 50 


175i 


8,762 50 


1,396 25 


162| 


1,622 50 


1,455 00 


61 


1,220 00 


4,256 25 


143| 


4,308 75 


1,200 00 


125 


1,250 00 


4,742 50 


225 


4,500 00 


832 50 


91 


910 00 


1,970 00 


115 


2,300 00 


1,262 50 


138 


1,380 00 


3,651 88 


106 


4,664 00 


1,148 80 


175 


1,225 00 


1,500 00 


210 


2,100 00 


896 00 


100 


800 00 


1,200 00 


118 


1,180 00 


8,700 00 


75 


6,525 00 


- 


72 


720 00 


1,702 50 


65 


1,300 00 


3,890 00 


191 


4,202 00 


3,075 00 


78 


2,340 00 


1,162 50 


140 


1,400 00 


1,250 00 


120 


1,500 00 


2,500 00 


65 


1,625 00 


3,033 50 


245 


7,350 00 


5,025 00 


100 


5,000 00 


1,913 75 


126 


1,890 00 


140 00 


100 


100 00 


498 13 


91 


455 00 


1,787 50 


93| 


1,867 50 


9,162 50 


91 


9,100 00 


800 00 


97 


776 00 


1,000 00 


100| 


1,006 25 


4,000 00 


100| 


4,030 00 


1,000 00 


iooj 


1,008 75 


26,000 00 


107| 


26,843 75 


26,487 50 


102| 


26,585 00 


41,200 00 


103 


41,200 00 


2,842 50 


93i 


2,805 00 


1,957 50 


101I 


2,037 50 


4,900 00 


95 


4,750 00 


2,970 00 


99f 


2,992 50 


7,705 00 


99£ 


7,990 00 


1,900 00 


94 


1,880 00 


4,625 00 


93 


4,650 00 


1,775 00 


85f 


1,715 00 


1,930 00 


94i 


1,890 00 


2,075 00 


10" 


207 50 


5,000 00 


95 


4,750 00 


1,000 00 


100 


1,000 00 


4,400 00 


95 


4,750 00 


1,800 00 


1021 


2,050 00 


5,000 00 


102! 


5,125 00 


5,100 00 


101" 


5,050 00 


275 00 


80 


220 00 


2,650 00 


65 


5,850 00 


2,745 00 


92 


2,760 00 


4,756 25 


96 


4,800 00 


7,315 00 


104 


7,280 00 


3,000 00 


75 


2,250 00 


$268,920 36 


$278,314 50 



THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 139 



THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

VAN WERT, OHIO. 

Incorporated April 7, 1876. Commenced business Oct. 2, 1876. 
H. V. OLNEY, President. F. W. PURMORT, Secretary. 

Office, 100 East Main Street. 

Income. 

Net premiums, $292,757 00 

Interest on mortgage loans, $3,907.80 ; bonds, $1,590.48 ; all other, 

|593.76, 6,092 04 

Rents 155 00 

Total income, $299,004 04 

Ledger assets, Dec. 31, 1904, 177,893 96 

Total, $476,898 00 

Disbursements. 

Net amount paid for losses, $115,344 52 

Profits on terminated policies, 35,023 96 

Commissions or brokerage, 29,757 68 

Salaries, fees, etc., of officers and employees, 12,400 06 

Rents, 250 00 

Taxes and fees, 5,058 85 

Inspections, 20,514 77 

Office furniture 987 50 

Scrip certificates redeemed, 2,050 00 

All other disbursements, 8,837 31 

Total disbursements, $230,224 65 

Balance, $246,673 35 

Ledger Assets. 

Real estate, $18,048.12; mortgages, $128,280, $146,328 12 

Bonds (Schedule A), 58,260 00 

Cash in banks and office, .... .... 8,735 40 

Agents' balances, .... 33,349 83 

Total ledger assets $246,673 35 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $2,529.50; bonds, $50, 2,579 50 

Market value of bonds over book value, ...... 1,204 50 

Gross assets, . . $250,457 35 

Liabilities. 

Unpaid losses, including $3,282 resisted, $8,023 96 

Unearned premiums on outstanding risks, 139,685 52 

All liabilities, except surplus, $147,709 48 

Surplus 102,747 87 

Total liabilities, $250,457 35 



140 



CITIZENS' INSURANCE CO. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 



Risks and Premiums. 

Amount. 

. $8,870,399 00 
. 18,844,528 00 



Total, 

Risks expired and terminated, . 

In force at end of year, 

Miscellaneous. 
Losses incurred during the year, . 
Profits or surplus returned during 1905, 25 per cent. 



.$27,714,927 00 
. 12,571,699 00 

. $15,143,228 00 



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

$190,819 19 $977,085 70 
342,072 00 1,757,304 37 



$532,891 19 $2,734,390 07 
253,520 14 1,712,274 30 



$279,371 05 $1,022,115 77 
. $114,124 00 



Schedule A. Bonds owned by the Company. 



Government and Municipal Bonds 
United States 2s, 1930, . 
United States reg. 3s, 1918, . 
United States coupon 3s, 1918, 
Ohio City, O., 5s, var., . 
Pleasant Township, O., 6s, 1906, 
Van "Wert, O., 5s, var., . 



Book Value. 


Rate. 


Market Value. 


$50,000 00 


102| 


$51,187 50 


400 00 


101| 


407 00 


400 00 


1024 


410 00 


1,200 00 


100 


1,200 00 


2,800 00 


100 


2,800 00 


3,460 00 


100 


3,460 00 


$58,260 00 




$59,464 50 



CITIZENS' INSURANCE COMPANY OF MISSOURI, ST. LOUIS, MO. 

Incorporated February, 1837. Commenced business February, 1837. 

Paid-up Capital, $200,000. 

SOL. E. WAGGONER, President. JOHN H. CARR, Secretary. 

Home Office, Century Building. 

Income. 
Net fire premiums, $481,266.35 ; marine, $88.89, 
Interest on mortgage loans, $12,407.52; bonds, $11,826.22, 
From stockholders for credit of surplus, . 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



Disbursements. 

Net amount paid for fire losses, 

Commissions or brokerage, 

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

Rents, 

Real estate taxes, $6.40 ; other taxes and fees, $16,302.26, 
Loss on sale or maturity of ledger assets, . 
Printing and stationery, . . . . 

Furniture and fixtures, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 



Real estate, $400 ; mortgages, $293,215, 
Bonds (Schedule A), . 



$481,355 24 
24,233 74 
25,000 00 



$530,588 98 
713,625 59 

1,244,214 57 



$253,180 32 

88,563 62 

38,269 35 

2,267 06 

16,308 66 

3,063 21 

2,124 10 

423 96 

36,247 23 

$440,447 51 

$803,767 06 



$293,615 00 
302,521 25 



CITIZENS' INSURANCE CO. 



141 



Cash in banks and office, $86,237 66 

Agents' balances, 121,393 15 

Total ledger assets, $803,767 06 

Non-Ledger Assets. 



Interest accrued : — 
On mortgages, $3,498 ; bonds, $3,485, 
Market value of bonds over book value, 

Gross assets, .... 



6,983 CO 
2,978 75 

$813,728 81 



Liabilities. 

Unpaid losses, including $10,044.27 resisted, $143,487.04; less re- 
insurance, $109,866.19 

Unearned premiums on outstanding risks, $355,327.78 ; plus same 
on disallowed reinsurance, $1,887.35, 



$33,620 85 
357,215 13 

$390,835 98 

200,000 00 
222,892 83 

Total liabilities, $813,728 81 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$422,892 83 



Risks and Premiums. 



Fire risks outstanding Dec. 81, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 

Marine risks written during 1905, 
Risks expired and terminated, . 



$176,281,754 00 
. 157,663,124 00 

$333,944,878 00 
. 143,493,089 00 

$190,451,789 00 
. 139,801,669 00 



Premiums. 

$2,396,216 23 
2,183,695 99 

$4,579,912 22 
2,009,740 81 

$2,570,171 41 
1,894,384 41 



. $50,650,120 00 $675,787 00 



$62,923 00 
62,923 00 



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. 



$296 28 
296 28 



$5,066,963 00 
245,732 00 
985,798 00 
165,000 00 
199,800 00 



Railroad Bonds. 
Atlantic Coast Line 4s, 1952, 
Brooklyn Union Elevated 5s, 1950, 
Chesapeake & Ohio 5s, 1939, . 
Elgin, Joliet & Eastern 5s, 1941, . 
International & Gt. Northern 6s, 1919, 
Iowa Central 5s, 1938, . 
Mo. Pacific 6s, 1920, 
Southern Pacific 4s, 1955, 



Book Value. 

$24,000 00 
50,500 00 
47,500 00 
28,500 00 
57,765 00 
28,656 25 
17,475 00 
48,125 00 

$302,521 25 



Rate. 
100 
108* 
1174 
1174 
118jf 
113* 
122^ 
95 



Market Value. 
$24,000 00 
54,250 00 
47,000 00 
29,375 00 
56,700 00 
28,375 00 
18,300 00 
47.B00 00 

$305,500 00 



142 



CITY OF NEW YORK INSURANCE CO. 



CITY OF NEW YORK INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated April, 1905. Commenced business April 12, 1905. 

Paid-up Capital, $200,000. 

MAJOR A. WHITE, President. J. CARROLL FRENCH, Secretary. 

Home Office, 42 Cedar Street. 

Income. 

Net fire premiums, $184,533 46 

Interest on stocks and bonds, $7,280.04 ; all other, $2,860.16, . . 10,140 20 

Profit on sale or maturity of ledger assets, 50 00 

Surplus contributed by stockholders, ...... 300,000 00 



Total income, 
Ledger assets, April 12, 1905, 



Total, 



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

Rents, 

Taxes and fees, 

Stationery and printing, ..... 

Maps and surveys, 

Furniture and fixtures, 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), .... 
Cash in banks and office, ...... 

Agents' balances, 

• 
Total ledger assets, 

Non-Ledger Assets. 
Interest accrued on stocks and bonds, 

Gross assets, 

Assets not admitted. 

Agents 1 balances over three months due, . 
Book value of stocks and bonds over market value, . 
Total unadmitted assets, 

Total admitted assets, ... . . v . 

Liabilities, 

Unpaid losses, $10,501 ; less reinsurance, $492.17, . 
Unearned premiums on outstanding risks, $97,964.40 ; plus same 
on disallowed reinsurance, $652.01, ...... 

Due for reinsurance premiums, 

All liabilities, except capital and surplus, 



$32 15 
720 00 



$494,723 66 
200,000 00 

$694,723 66 



$15,550 36 
38,778 13 
12,437 36 
1,000 00 
1,783 22 
4,029 82 
6,028 15 
1,650 40 
7,168 47 

$88,425 91 

$606,297 75 



$527,062 50 
44,022 14 
35,213 11 

$606,297 75 

3,000 00 
$609,297 75 



752 15 

$608,545 60 

$10,008 83 

98,616 41 
5,953 60 

$114,578 84 



THE COLONIAL ASSURANCE CO. 



143 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks written during 1905, . 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



$493,966 76 



|200,000 00 
293,966 76 

$608,545 60 



Premiums. 

826,365,930 00 $237,088 53 
5,863,312 00 46,343 12 



,502,618 CO 
3,109,234 00 



$190,745 41 
22,206 88 



Net amount in force, . 


. $17,393,384 00 


$168,538 53 


Miscellaneous. 






Premiums received from organization oj 


' company, . 


, 


$177,317 00 


Losses paid from organization of company, .... 


. 


15,550 00 


Fire losses incurred during the year, . 


> . . . . 


. 


25,354 00 


Company's stock owned by directors, 





• 


50,500 00 


Schedule A. Stocks and Bonds owned by the 


Company. 


Railroad Stocks. 


Book Value. 


Kate. 


Market Value. 


200 shares Baltimore & Ohio, 


. $22,275 00 


1131 


$22,775 00 


100 " Delaware & Hudson, . 


18,412 50 


220 


22,000 00 


100 " Erie, 1st preferred, 


8,500 00 


81 


8,100 00 


120 " Great Northern, preferred, . 


30,975 00 


274 


32,880 00 


200 " Louisville & Nashville, 


29,075 00 


152 


30,400 00 


100 " Manhattan, .... 


16,662 50 


162| 


16,225 00 


200 " N. Y. Central & Hudson River, 


28,375 00 


1531 


30,625 00 


200 " Norfolk & Western, 


16,525 00 


85 


17,000 00 


100 " Northern Pacific, .... 


20,537 50 


203 


20,300 00 


Miscellaneous Stocks. 








200 shares Brooklyn Union Gas Co., 


39,225 00 


180 


36,000 00 


200 " Consolidated Gas Co., New York, 


38,875 00 


186| 


37,350 00 


State and Municipal Bonds. 








New York 3s, 1912, . . 


206,500 00 


lOlf 


203,250 00 


New York, N. Y., 3|s, 1955, . 


51,125 00 
8527,062 50 


98| 


49,437 50 




$526,342 50 



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, $542,128 75 

Interest on bonds, 17,809 17 

Total income, 1559,937 92 

Ledger assets, Dec. 31, 1904 589,620 59 

Total, $1,149,558 51 

Disbursements. 
Net amount paid for fire losses, $ 257,096.48 ; marine, $2,115.02, . $259,211 50 
Interest and dividends to stockholders, 10,000 00 



144 



THE COLONIAL ASSURANCE CO. 



Commissions or brokerage, 

Fees, etc , of officers and employees, . 

Taxes and fees, 

Reduction in book value of bonds, 
Legal expenses, 



Total disbursements, 
Balance, 



Ledger Assets. 



Bonds (Schedule A), 
Cash in banks, 
Agents 1 balances, 



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued on bonds, .... 

Gross assets, 

Assets not admitted. 
Book value of bonds over market value, . 



$169,961 17 

3,395 00 

15,302 05 

8,500 00 

1,022 11 

$467,391 83 

$ 682,1 66 68 



$550,500 00 

21,536 71 

110,129 97 

$682,166 68 



3,312 50 
$685,479 18 

6,125 00 



Total admitted assets, $679,354 18 



Liabilities. 

Unpaid losses, $48,298 ; less reinsurance, $6,656.47, . 

Unearned premiums on outstanding risks, $298,324.94 ; plus same 

on disallowed reinsurance, $2,538.26, 

Due for return premiums, $22,166.31 ; reinsurance, $13,828.56, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, ... ... 

Surplus over capital and general liabilities, 



$300,854 58 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



5,235,701 00 
. 49,300,563 00 

. $87,536,264 00 
. 44,823,819 00 

.$42,712,445 00 
. 2,033,100 00 



,641 53 



300,863 20 
35,994 87 

$378,499 60 

200,000 00 
100,854 58 

$679,354 18 



Premiums. 

$526,700 71 
691,735 30 

1,218,436 01 
622,687 50 

$595,748 51 
30,861 29 



. $40,679,345 00 $564,887 22 



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, 



53,436,975 00 

2,386,891 00 

264,717 00 

1,728 00 

54,000 00 

10,000 00 

99,550 00 



THE COLONIAL FIRE INSURANCE CO. 



145 



Schedule A. Bonds owned by the Company. 



Government, State and Municipal Bonds. 
United States (Philippine Islands) 4s, 1934, 
New York 3s. 1906, 
New York, N. Y., 3is, 1915, 
New York, N. Y., 2ls, 1929, 
New York, N. Y., 3|s, 1954, 
Brooklyn, N. Y., 3is, 1937, 



Book Value. 

$139,000 00 

100,000 00 

101,000 00 

85,000 00 
100,000 00 

25,500 00 


Rate. 

1091 
99| 
99| 
83i 

100" 

100 


Market Value. 

$136,875 00 
99,500 00 
99,500 00 
83,500 00 
100,000 00 
25,000 00 


$550,500 00 


$544,375 00 



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. QTJINCY SMITH, Secretary. 

Home Office, 1410 New York Avenue, N. W. 

Income. 
Net fire premiums, 



Interest on mortgage loans, $ 11,422. 74 ; collaterals, |615. 73 ; bonds, 

$1,935; all other, $150.88 

Rents, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$117,843 40 

14,124 35 

100 00 

76 98 

$132,144 73 

307,126 99 



Total, $439,271 72 

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, $13.52 ; other taxes and fees, 

Loss on sale or maturity of bonds, 

All other disbursements, 



5,654.61, 



$72,869 98 

10,000 00 

31,415 43 

6,150 00 

1,050 00 

62 25 

3,668 13 

1,894 25 

4,040 86 



Total disbursements, $131,150 90 

Balance, 



Ledger Assets. 

Real estate, $2,161.09 ; mortgages, $221,026.86, 
Loans secured by collateral (Schedule A), 

Bonds (Schedule B), 

Cash in banks and office, .... 

Agents' balances, 

Home office premiums in course of collection, 
Sundry brokerage accounts, 
Deposits with boards of underwriters, 

Total ledger assets, .... 



$308,120 82 



$223,187 95 

14,082 25 

48,141 18 

9,274 91 

11,656 27 

1,043 95 

211 31 

523 00 

$308,120 82 



146 



THE COLONIAL FIKE INSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $2,765.39 ; bonds, $312.51 ; collateral loans, 
Commission due on reinsurance unpaid, .... 



.46, 



Gross assets, 



13,138 36 
107 19 

$311,366 37 



Assets not admitted. 



Special deposits less $6,422.82 liability thereon, 
Book value of bonds over market value, . 
Deposits with boards of underwriters, 

Total unadmitted assets, .... 



53,777 18 

3,053 68 

523 00 



7,353 86 



Total admitted assets, f 304,012 51 



Liabilities. 

Unpaid losses, . . . • 

Unearned premiums on outstanding risks, $80,465.95 ; plus same 

on disallowed reinsurance, $72.55, 

Due for reinsurance premiums, 



$6,174 09 

80,538 50 
250 12 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$217,049 80 



,962 71 

200,000 00 
17,049 80 

Total liabilities, $304,012 51 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$14,176,739 00 
13,360,692 00 

$27,537,431 00 
14,348,039 00 

$13,189,392 00 
937,722 00 



Premiums. 

$172,118 04 
152,724 95 

$324,842 99 
162,709 87 

$162,133 12 
7,951 80 



.$12,251,670 00 $154,181 32 



Miscellaneous. 

Premiums received from organization of company, .... $714,692 00 

Losses paid from organization of company, 308,881 00 

Fire losses incurred during the year, 66,275 00 

Cash dividends declared from organization of company, . . . 30,000 00 

Dividends declared during the year (5 per cent.), .... 10,00000 

Company's stock owned by directors, 82,800 00 

Schedule A. Securities held as Collateral. 



30 shares Nat. Metropolitan Cit. Bank, Washington, D. C, 



American Graphophone Co., common, 
Union Savings Bank, Washington, D. C, 
Union Savings Bank, Washington, D. C, 
Union Savings Bank, Washington, D. C, 
Union Savings Bank, Washington, D. C, 



436 

2 

2 

12 

10 

Deeds of real estate, 



Company's 
Market Value. 

$10,500 00 
2,180 00 
600 00 
600 00 
3,600 00 
3,000 00 
7,500 00 



Loaned 
Thereon. 

$7,500 00 

1,100 00 

300 00 

175 00 

300 00 

1,250 00 

3,457 25 



$27,980 00 $14,082 25 



COLUMBIA INSURANCE CO. 



147 



Schedule B. Bonds owned by the Company. 

Book Value. Rate. 

New York, N. Y., 3|s, 1940, $27,437 50 99 

Norfolk, Va., 4s, 1929, 10,259 93 102 

United States Electric Light 6s, 1907, .... 10,443 75 101$ 



,141 18 



Market Value. 

$24,750 00 

10,200 00 

10,137 50 

$45,087 50 



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. 



A. HADLEY, Secretary. 



Net marine premiums, 
Interest on bonds, 



Home Office, 15 Exchange Place. 
Income. 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



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

Taxes and fees, 

Profit and loss, 

All other disbursements, . . . . 



Total disbursements, 
Balance, 



Bonds (Schedule A), 
Cash in banks, 
Agents' balances, 



Ledger Assets. 



Non-Ledger Assets. 



Total ledger assets, 

Interest accrued on bonds, . 
Due from other companies, 

Gross assets, 

Assets not admitted 

Agents' balances over three months due, . . . $442 01 

Book value of bonds over market value, . . . 26,014 50 

Due from unauthorized companies, . . . 377 57 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $8,000 resisted, $27,197.74; less reinsur- 
ance, $3,303.04, 

Unearned premiums on outstanding risks, 



$106,457 61 

19,395 88 

$125,853 49 

521,594 73 

$647,448 22 



,722 32 
3,368 82 
6,250 60 
3,867 06 

980 48 
8,044 46 

9,233 74 



$558,214 48 

$504,595 75 
19,344 65 
34,274 08 

$558,214 48 



4,548 32 
6,066 28 

$568,829 08 



26,834 08 
$541,995 00 



$23,894 70 
51,139 57 



148 



COMMERCE INSURANCE CO. 



Commissions and other charges due agents and brokers, . 
Due for reinsurance premiums, .... 
Due reinsurers for unpaid recoveries, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid up capita], ...... 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 190 



3, 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



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, 

Schedule A. Bonds owned by the Company. 



$437,930 73 



$4,055,159 
26,075,885 



$6,085 53 

19,001 38 

3,943 09 

$104,064 27 

400,000 00 
37,930 73 

$541,995 00 



Premiums. 

00 $68,010 63 
00 244,064 54 



$30,131,044 
8,985,499 



00 $312,075 17 
00 99,208 11 



$21,145,545 

10,778,602 



00 $212,867 06 
00 110,587 92 



$10,366,943 00 $102,279 14 



Municipal Bonds. 
Jersey City, N. J., 5s, 1916, 
Binghamton, N. Y., 3is, 1937, 
Buffalo, N. Y., 3is, 1917-1922, 
New York, N. Y., 34s, 1910, 
New York, N. Y., 3Js, 1920, 
New York, N. Y., 3|s, 1942, 

Railroad Bonds. 
Chicago & Northwestern 3is, 1987, 
New York Central & Hudson River 3is, 1997, 
Northern Pac.-Gt. Nor. (C, B. & Q. Coll.) 4s, 1921, 

Oregon Short Line 4s, 1929 

St. Louis, Iron Mt. & So. (River & Gulf Div.) 4s, 1933, 



Book Value. 

$116,375 00 

53,812 50 

62,925 00 

8,590 00 

66,421 88 

112,598 75 

13,790 00 
9,600 00 
18,100 00 
23,907 62 
18,475 00 

$504,595 75 



Rate. 

109 

100 

100 

99 

99i 

99" 



98£ 
99£ 
95£ 
94 



$592,701 00 

365,619 00 

74,838 00 

26,000 00 

700 00 



Market Value. 

$109,000 00 

50,000 00 

60,000 00 

7,920 00 

62,187 50 

103,455 00 

13,650 00 
9,812 50 
19,975 00 
23,781 25 
18,800 00 

$478,581 25 



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, 

Interest on mortgage loans, $2,140.58 ; collaterals, $50 ; stocks and 

bonds, $11,534.54; all other, $511.90, 

Rents, including company's own occupancy, 



$213,451 64 

14,237 02 
9,128 81 



Total income, 



$236,817 47 



COMMERCE INSURANCE CO. 



149 



Ledger assets, Dec. 31, 1904, 
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, $1,706.69 ; other taxes and fees, $10,263.43, 
Premiums on stocks and bonds purchased, .... 
All other disbursements, 



Total disbursements, 
Balance, 



$462,249 21 
$699,066 68 



$102,384 59 

16,000 00 

51,982 24 

13,192 51 

1,600 00 

2,852 16 

11,970 12 

740 80 

6,539 92 

$207,262 34 

$491,804 34 



Ledger Assets. 

Real estate, $77,000; mortgages, $41,200, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



$118,200 00 

320,125 00 

31,855 74 

21,623 60 

Total ledger assets, $491,804 34 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, . 



Gross assets, 



Liabilities. 
Unpaid losses, including $1,010 resisted, $12,738; less reinsurance, 

$125, 



Unearned premiums on outstanding risks, $149,915 

on disallowed reinsurance, $4,963.25, 
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, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



24; plus same 



$343,139 97 



$26,838,908 00 
23,169,552 00 



$50,008,460 00 
21,416,353 00 



$28,592,107 00 
1,531,434 00 



3,027 93 

863 35 

15,211 25 

$510,906 87 



$12,613 00 

154,878 49 
275 41 

$167,766 90 

200,000 00 
143,139 97 

$510,906 87 



Premiums. 

$289,480 02 
257,169 07 

$546,649 09 
239,345 23 

$307,303 86 
20,345 23 



. $27,060,673 00 $286,958 63 



150 



THE COMMERCIAL UNION 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 (8 per cent.), . 
Company's stock owned by directors, 



56,773,857 00 

4,188,917 00 

94,500 00 

1,000,000 00 

16,000 00 

76,350 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
110 shares United Traction Co., Albany, N. Y., . 

Bank Stocks. 
150 shares First National, Albany, N. Y., . 
50 " National; Cohoes, N. Y., . . m . 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, N. Y. City, 
5 " Underwriters Salvage Co., N. Y. City, 
1 share Western Adjust. & Inspec. Co., Chicago, 
500 shares Western Union Telegraph Co., 

County and Municipal Bonds. 
Albany, N. Y., County 3±s, 1911-12-19-20-22, 
Albany, N. Y., 3^s, 1906," . 
Albany, N. Y., 3js, 1906-1908, 
Albany, N. Y., 3|s, var., 
Albany, N. Y., 3^s, var., 
Albany, N. Y., 3As, 1907-1910, 
Albany, N. Y., 3ls, 1906, 
Albany, N. Y., 3|s, 1913, 
Brooklyn, N. Y., 3|s, 1936, . 
New York, N. Y., 3*s, 1915, . 
New York, N. Y., 3$s, 1928, . 
New York, N. Y., 3Js, 1930, . 
New York, N. Y., 3|s, 1953, . 

Railroad Bonds. 
Central Pacific 4s, 1954, . 
United Traction Co., Albany, 4|s, 1919, 



Book Value. 
$11,000 00 

15,000 00 
5,000 00 

150 00 

500 00 

100 00 

45,000 00 

10,000 00 
13,000 00 
19,500 00 

9,500 00 
11,500 00 
12,300 00 
22,800 00 
19,725 00 
10,000 00 

4,250 00 
50,000 00 
10,000 00 
30,000 00 

9,800 00 
11,000 00 

$320,125 00 



Rate. 
150 

130 
185 

100 
100 
100 
93| 

100 

100 

100 

100 

100 

100 

100 

100 

100 
99i 
99| 
99^ 
98| 

97 
102 



Market Value. 
$16,500 00 

19,500 00 
9,250 00 

150 00 

500 00 

100 00 

46,687 50 

10,000 00 
13,000 00 
19,500 00 

9,500 00 
11,500 00 
12,300 00 
22,800 00 
19,725 00 
10,000 00 

4,228 75 
49,625 00 

9,925 00 
29,625 00 

9,700 00 
11,220 00 

$335,336 25 



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, $251,023 35 



Interest on stocks and bonds, 



Total income, 
Ledger assets, Dec. 31, 1904, 



11,561 36 

$262,584 71 
486,330 09 



Total $748,914 80 



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, 



$112,168 75 

10,000 00 

58,054 39 

3,699 80 

6,111 90 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



151 



National and local boards, . 
All other disbursements, . 



Total disbursements, 
Balance, 



Ledger Assets. 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents' balances, - . 
Reinsurance due on losses paid, 



Total ledger assets, 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, . 

Gross assets, . . . . . , 

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



$3,078 34 
1,889 38 

$195,002 56 

$553,912 24 

$187,465 53 

12,742 88 

53,663 04 

40 79 

$553,912 24 



1,170 00 
2,424 47 

$557,506 71 
2,722 93 



Total admitted assets, $554,783 78 



Liabilities. 

Unpaid losses, including $2,000 resisted, $33,980 ; less reinsurance, 
$7,630 

Unearned premiums on outstanding risks, $173,006.73 ; plus same 
on disallowed reinsurance, $366.86, 

Commissions and other charges due agents and brokers, . 

Due for return premiums, $305.03 ; reinsurance, $7,277.10, . 

Reserve for contingencies, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, . . . . 

Surplus over capital and general liabilities, 



$321,662 30 



$26,350 00 

173,373 59 

5,815 76 

7,582 13 

20,000 00 

$233,121 48 

200,000 00 
121,662 30 



Total liabilities, • . $554,783 78 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1905, . 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. $34,270,308 00 
. 34,778,775 00 



. $69,049,083 00 
. 32,624,369 00 

. $36,424,714 00 
. 8,761,788 00 



Premiums. 

$393,364 18 
402,910 57 

$796,274 75 
371,439 51 

$424,835 24 
105,514 81 



. $27,662,926 00 $319,320 43 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, . . . . 



$1,545,245 00 
802,597 00 
113,169 00 



152 



THE COMMONWEALTH INSURANCE CO. 



Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent), . 
Company's stock owned by directors, 



$99,000 00 

10,000 00 

6,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Chicago, Milwaukee & St. Paul, preferred, 
100 " Manhattan Elevated, . 
127 " Second Avenue, New York, . 
100 " Southern, preferred, 
300 " Union Pacific, 

. Government and Municipal Bonds. 
Japan 6s, 1911, 
United States 4s, 1925, . 
New York, N. Y., 3s, 1909, 
New York, N. Y., 3*s, 1915, 
New York, N. Y., 4|s, 1908, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 

Missouri Pacific 5s, 1920, 

St. Louis Southwestern 1st mortgage 4s, 1989, 
St. Louis & San Francisco 4|s, 1908, 
Southern 5s, 1994, . . ... 

Miscellaneous Bonds. 
Michigan Lake Superior Power Co. 5s, 1949, 
Western Union Tel. Co. 4^s, 1950, 



Book Value. 
$16,112 50 

12.862 50 
26,340 00 

9,312 50 
28,987 50 

9,537 50 

23,078 25 

201,280 00 

13,643 00 

20,326 00 

10,000 00 

20.863 00 
38,497 78 
14,746 25 

8,585 00 

7,250 00 
26,043 75 

$487,465 53 



Kate. 
1881 
1621 
207J? 
100| 
99i 

98 

130 
98i 
99| 

102| 

101| 
105i 

97 

951 
118 

25 

104 



Market Value. 
$18,850 00 
16,225 00 
26,352 50 
10,025 00 
29,850 00 

9,800 00 

26,000 00 

197,000 00 

12,935 00 

20,500 00 

10,187 50 
21,100 00 
38,800 00 
14,325 00 
9,440 00 

2,500 00 
26,000 00 

$489,890 00 



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, $376,068 45 

Interest on mortgage loans, $9,965.61 ; stocks and bonds, $44,486.94 
Profit on sale or maturity of ledger assets, .... 



Total income, 



Ledger assets, Dec. 31, 1904, 



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, 

Reduction in book value of bonds, 

Loss on sale or maturity of stocks and bonds, . 

All other disbursements, 



Total disbursements, 
Balance, 



54,452 55 
29,872 49 



$460,393 49 
1,309,191 62 

51,769,585 11 



$148,835 65 

45,000 00 

365 00 

112 75 

64,670 32 

34,946 88 

4,299 00 

12,866 84 

7,686 00 

2,864 50 

9,326 53 

$330,973 47 

1,438,611 64 



THE COMMONWEALTH INSURANCE CO. 



153 



Ledger Assets. 

Mortgages, 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Office premiums in course of collection, . 

• Total ledger assets, 

Non-Ledger Assets. 

Interest accrued on mortgages, 

Market value of stocks and bonds over book value, . 



$243,000 00 

1,123,362 93 

31,776 76 

13,163 05 

27,308 90 

$1,438,611 64 



Gross assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $251,456.99 ; plus same 

on disallowed reinsurance, $58.14, 

Salaries and other miscellaneous expenses, due or accrued, 
Due for return premiums, $1,436.42; reinsurance, $370.44, , 

Reserve for contingencies, 

Special reserve, 



4,363 76 

106,507 07 

[,549,482 47 



$23,490 33 

251,515 13 

4,700 00 

1,806 86 

99,958 64 

56,585 35 

$438,056 31 

500,000 00 
611,426 16 

Total liabilities, $1,549,482 47 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



1,111,426 16 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. $43,562,100 00 
. 45,739,845 00 

. $89,301,945 00 
. 41,841,099 00 

. $47,460,846 00 
. 1,030,477 00 



Premiums. 

$448,631 93 
448,699 11 

$897,331 04 
414,051 47 

$483,279 57 
5,541 10 



$46,430,369 00 $477,738 47 



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 (9 per cent. 
Company's stock owned by directors, 



), 



$4,336,998 00 

2,311,998 00 

152,640 00 

471,000 00 

45,000 00 

278,100 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Kate. Market Value. 

1,000 shares Brooklyn City, $18,725 00 237 $23,700 00 

200 " Chicago, Milwaukee & St. Paul, preferred, 33,987 50 188A 37,700 00 

300 " Chicago & Northwestern, common, . . 46,856 87 223" 66,900 00 

300 " Chicago & Northwestern, preferred, . . 46,687 50 245 73,500 00 

100 " Chic, St. Paul, Minn. & Omaha, preferred, 10,162 50 188 18,800 00 

500 " Hocking Valley, preferred, . . . 46,750 00 94 47,000 00 

50 " Kansas City, St. Louis & Chic, preferred, 6,818 75 150 7,500 00 



154 



THE CONCORDIA FIRE INSURANCE CO. 



200 shares Manhattan, 

200 " N. Y. Central & Hudson River, . 
220 " New York, New Haven & Hartford, 
100 " Rome, Watertown & Ogdensburg, 

Bank Stocks. 
13 shares Bank of America, New York, 
70 " Corn Exchange, New York, 
50 " German American, New York, 
17 " Manhattan, New York, 
50 " Merchants' National, New York, 
32 " National Bank of Commerce, New York, 
25 " National Park, New York, . 
50 " New York Produce Exchange, New York, 
25 " New York Security & Trust Co., New York, 

Miscellaneous Stocks. 
175 shares American Surety Co., 
120 " American Sugar Refining Co., preferred, 
200 " American Tel. & Cable Co., 
500 " American Telephone & Telegraph Co. 
500 " Consolidated Gas Co., New York, 
200 " The Pullman Co., .... 

Government and Municipal Bonds. 
United States 4s, 1925. . 
New York, N. Y., 4s, 1906, 
New York, N. Y., 5s, 1906, 
New York, N. Y., 3|s, 1954, 
New York, N. Y., 3|s, 1920, 
New York, N. Y., 3ls, 1916, 

Railroad and Miscellaneous Bonds. 
Missouri, Kansas & Texas 1st mortgage 4s, 1990, 
Brooklyn Union Gas Co. 6s, 1909, . 



Book Value. 


Rate. 


Market Value. 


$30,190 62 


162£ 


$32,450 00 


28,337 50 


153? 


30,625 00 


42,841 25 


1962 


43,175 00 


11,087 50 


134 


13,400 00 


3,401 25 


525 


6,825 00 


21,000 00 


380 


26,600 00 


4,537 50 


160 


6,000 00 


1,672 32 


310 


2,635 00 


3,625 00 


170 


4,250 00 


4,107 00 


195 


6,240 00 


11,953 37 


490 


12,250 00 


5,550 00 


170 


8,500 00 


17,750 00 


720 


18,000 00 


16,187 50 


190 


16,625 00 


12,115 00 


140 


16,800 00 


18,025 00 


90 


18,000 00 


68,731 50 


138 


69,000 00 


90,500 00 


186| 


93,375 00 


40,200 00 


245 


49,000 00 


5,240 00 


130 


5,200 00 


200,000 00 


100 


200,000 00 


30,000 00 


100 


30,000 00 


170,000 00 


100 


170,000 00 


40,000 00 


99J 
99| 


39,800 00 


30,000 00 


29,850 00 


3,022 50 


99 


2,970 00 


3,300 00 


160 


3,200 00 


$1,123,362 93 




$1,229,870 00 



THE CONCORDIA FIRE INSURANCE COMPANY OF MILWAUKEE, 

MILWAUKEE, WIS. 

Incorporated March 7, 1870. Commenced business March 22, 1870. 

Paid-up Capital, $200,000. 

GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary. 

Home Office, Corner W. Water and Wells Streets. 

Income. 

Net fire premiums, $755,268 23 

Interest on mortgage loans, $24,234.72; bonds, $16,914.45, . . 41,149 17 

Rents, 1,314 29 

Profit on sale of real estate, 684 59 

From all other sources, 48 75 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



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, $213.27 ; other taxes and fees, $29,315.53, 

Loss on sale of bonds, 

Patrol assessments, 



$798,465 03 

1,056,992 74 

11,855,457 77 

$360,845 73 

12,000 00 

230,816 05 

34,815 00 

2,570 00 

874 66 

29,528 80 

453 82 

3,125 73 



THE CONCORDIA FIRE INSURANCE CO. 



155 



Adjustment expenses and attorneys' fees, . 
Advertisements and subscriptions, 

Compact expenses, 

Maps and corrections, 

Printing, postage, stationery and supplies, 

Traveling expenses, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $7,176.63 ; mortgages, $565,330, . 

Bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



$7,289 42 
1,602 08 
7,042 59 
1,045 94 

12,536 43 
4,730 17 
4,354 00 

$713,630 42 

1,141,827 35 



^572,506 63 

374,108 61 

77,859 62 

117,352 49 



Total ledger assets, $1,141,827 35 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $5,122 ; bonds, $7,690.84, . 
Due from other companies, . • . 



Gross assets, 



12,812 84 
9,968 17 

$1,164,608 36 



Assets not admitted. 

Special deposits, $50,000 00 

Book value of securities over market value, . . 8,851 93 

Due from unauthorized companies, .... 1,295 33 

Total unadmitted assets, 



60,147 26 



Total admitted assets, $1,104,46110 



Liabilities. 

Unpaid losses, including $5,500 resisted, $67,449.06 ; less reinsur- 
ance, $16,817.14, 

Unearned premiums on outstanding risks, $656,850.49 ; plus same 
on disallowed reinsurance, $8,405.63, 

Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



$373,567 98 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$129,462,175 00 

. 89,357,581 00 

$218,819,756 00 

. 80,241,280 00 

$138,578,476 00 

. 24,025,196 00 



$50,631 92 

665,256 12 

15,005 08 

$730,893 12 

200,000 00 

173,567 98 

1,104,461 10 



Premiums. 

$1,483,943 07 

1,151,206 15 

$2,635,149 22 

1,031,015 26 

$1,604,133 96 

333,368 34 



$114,553,280 00 $1,270,765 62 



156 



CONNECTICUT 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 (6 per cent.), 
Company's stock owned by directors, 

Schedule A. Bonds owned by the Company. 



$10,625,002 00 

5,499,278 00 

354,178 00 

363,667 00 

12,000 00 

113,900 00 



State, County and Municipal Bonds. 
Montana 6s, 1905, . 
Lawrence Co., 111., 6s, 1908-1912, 
Starke Co., Ind., 6s, 1911-1916, 
Whiting, Ind., 6s, 1906-1911, . 
Westport, Mo. (Kansas City) 5s, 1917, 
New York, N. Y., 3^s, 1928, . 
Cincinnati, O., 5s, 1910, 
Portland, Ore., 4s, 1934, 
Spokane, Wash., 6s, 1911, 
Fond du Lac, Wis., 4is, 1917, 
Mauston, Wis.. 5s, 1914-6-7, . 
Milwaukee, Wis., 5s, 1910-1917, 
Milwaukee, Wis., 3s, 1919, . 
Sparta, Wis., 4s, 1907-1910, . 
Sparta, Wis., school 5s, 1906, 
Wausau, Wis., 4s, 1925, 
Wausau, Wis., 4s, 1924 and 1925, 
Wauwatosa & Green., Wisconsin, 5s, 1907-18, 

Miscellaneous Bonds. 
La Clede Gas Light Co., St. Louis, Mo., 5s, 1934, 



Book Value. 

$42,779 50 

13,651 25 

16,271 66 

10,742 58 

13,751 64 

27,375 00 

44,000 00 

48,750 00 

23,147 50 

31,125 00 

11,363 98 

54,636 25 

1,000 00 

700 00 

1,500 00 

3,100 25 

7,290 80 

12,673 20 



Rate. 
100 
102 
106 
103i 
108^ 

99^ 
106 
100 
109 
106^ 
101 
109 

93 

98 
100 
104 
104 
100 



10,250 00 104 



11374,108 61 



Market Value. 

$40,000 00 

12,750 00 

16,098 75 

9,832 50 

12,852 00 

24,812 50 

42,400 00 

50,000 00 

21,800 00 

31,950 00 

12,521 56 

54,500 00 

930 00 

686 00 

1,500 00 

3,120 00 

7,280 00 

12,000 00 

10,400 00 
$365,433 31 



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, 

Interest on mortgage loans, $53,940.91; stocks and bonds, $143, 

410.87; allother, $3,996.17, 

Rents, 

Profit on sale or maturity of ledger assets, . 



$3,147,059 57 

201,347 95 

4,790 46 

25,579 39 



Total income, 
Ledger assets, Dec. 31, 1904, 



$3,378,777 37 
5,209,388 29 



Total, $8,588,165 66 

Disbursements. 

Net amount paid for fire losses, $ 1,530,257 58 

Interest and dividends to stockholders, . . . . . 120,000 00 

Commissions or brokerage, 655,303 04 

Salaries, fees, etc., of officers and employees, 224,348 09 

Rents, 11,233 40 

Repairs and expenses on real estate, 2,304 50 

Real estate taxes, $3,408.92 ; other taxes and fees, $110,358.85, . 113,767 77 

Loss on sale or maturity of ledger assets, 13,894 16 

Profit and loss, 85 50 

Advertising, printing and stationery, 54,236 49 



CONNECTICUT FIRE INSURANCE CO. 



157 



Legal expenses, . 
Furniture and fixtures, 
Adjustment expenses, . 
Agency expenses, 
Miscellaneous, 



$5,392 90 
4,661 87 
65,253 13 
41,922 68 
18,359 10 



Total disbursements, $2,861,020 21 

Balance, $5,727,145 45 

Ledger Assets. 

Real estate, $182,850; mortgages, $1,027,550, $1,210,400 00 

Stocks and bonds (Schedule A), 3,810,097 73 

Cash in banks and office, 279,009 55 

Agents' balances, 301,188 14 

Bills receivable, 26,450 03 

Corporation notes, 100,000 00 



Total ledger assets, $5,727,145 45 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, .... 114,118 02 



Gross assets, 



$5,841,263 47 



Assets not admitted. 

Agents 1 balances over three months due, . . . $6,089 93 

Bills receivable, past due, 11,276 55 

Special deposits less $102,457.16 liability thereon, . 72,347 84 

Total unadmitted assets, 



89,714 32 



Total admitted assets, $5,751,549 15 

Liabilities. 
Unpaid losses, including $28,655.67 resisted, $252,530.42 ; less re- 



insurance, $22,903.99, 
Unearned premiums on outstanding risks, 



$229,626 43 
2,879,781 20 

. $3,109,407 63 



All liabilities, except capital and surplus, . 

Surplus to policy holders, $2,642,141 52 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, 1,642,141 52 

Total liabilities, $5,751,549 15 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . $442,663,984 00 $5,427,063 55 



Fire risks written during 1905, . 

Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.298,684,883 00 3,911,063 94 



$741,348,867 00 $9,338,127 49 
.262,611,396 00 3,488,416 35 



$478,737,471 00 $5,849,711 14 
. 28,733,324 00 376,654 11 



$450,004,147 00 $5,473,057 03 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 



$43,269,061 00 
. 24,037,282 00 
. 1,503,336 00 



158 



CONNECTICUT FIRE INSURANCE CO. 



Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Company's stock owned by directors, 



$4,045,0C0 00 

120,000 00 

26,100 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
150 shares Bald Eagle Valley, .... 
200 " Chicago & No. Western, 
600 " N. Y., New Haven & Hartford, . 
300 " Pittsburg, Fort Wayne & Chicago, 

Bank Stocks. 
100 shares iEtna National, Hartford, Conn., 
93 " Charter Oak National, Hartford, Conn., 
125 " Farmers' and Mech. Nat., Hartford, Conn., 
185 " First National, Hartford, Conn., . 
300 " Hartford National, Hartford, Conn., . 
412 " National Exchange, Hartford Conn., . 
150 " Phoenix National, Hartford, Conn., 
167 " First National, Minneapolis, Minn., 
100 ' ' Importers' & Traders' Nat. , New York , N. Y 

Miscellaneous Stocks. 
200 shares Empire & Bay States Tel. Co., 
600 " Northwestern Tel. Co., 

Government, State, County and Municipal Bonds. 
Dominion of Canada 3^s, 1913, 
Arizona 5s, 1942, 
Arizona 5s, 1946, . 
Georgia 4|s, 1915, . 
New Mexico 4s, 1933, 
Hennepin Co., Minn., 4^s, 1924-5, 
Marion Co., Ore., School District No. 24 6s, 1910, 
Wayne Co., Mich., 4s, 1910, . 
San Diego, Cal., 4^s, 1937-8, . 
Stockton, Cal., 5s, 1917, 
Colorado Springs, Col., 4s, 1924, . 
E. Hartford, Conn., Fire District 4s, 1931, 
Hartford, Conn., 3^s, 1954, . 
Hartford, Conn., So. School Dist. 3|s, 1931, 
New Britain, Conn., 3*s, 1932, 
Rockville, Conn., 4s, 1935, 
Boston, Mass., 3js, 1930, 
Boston, Mass., 3|s, 1945, 
Duluth, Minn., 4*s, 1914, 
Duluth, Minn., 4s, 1932, 
Kansas City, Mo., 4s, 1924, . 
Helena, Mont., 5s, 1916, 
Fargo, N. D., 6s, 1911, .... 
New York, N. Y., 4^s, 1908, . 
New York, N. Y., 3|s, 1953, . 
Cincinnati, O., 3|s, 1965, 
Cleveland, O., School Dist. 4s, 1922, . 
Columbus, O., 4s, 1922, .... 
Astoria, Ore., 6s, 1911, .... 
Astoria, Ore., 5s, 1925, .... 
Portland, Ore., 5s, 1923, 
Salem, Ore., 6s, 1914, .... 
Newport, R. I., Us, 1954, 
Pawtucket, R. I.,"4s, 1934, . 
Nashville, Tenn., 4s, 1927, . 
Dallas, Tex., 5s, 1920, .... 
Salt Lake City, Utah, 5s, 1914, 
Salt Lake City, Utah, 4*s, 1924, . 
Richmond, Va., 4s, 1924; 
Seattle, Wash., 5s, 1913, 

Railroad Bonds. 
Atlantic & Danville 4s, 1948, 
Baltimore & Ohio prior lien 3*s, 1925, . 
Black Rocks & Salisbury Beach St. 5s, 1911, 
Chicago, Burlington & Quincy 3*s, 1949, 
Chicago & Erie 5s, 1982, . 

Chicago, Milwaukee & St. Paul 4s, 1989, 



Book Value. 
$15,000 00 

19,272 20 
100,498 77 

28,700 00 

12,500 00 
12,026 00 
26,442 50 
26,655 72 
45,645 75 
28,106 00 
22,246 50 
19,054 00 
16,800 00 

14,800 00 
27,600 00 



Rate. 

208 

223 

196^ 

1821 

195 
135 
117 
140 
141 
126 
125 
198 
590 

78 
125 



102,564 06 


98^ 


52,525 00 


1041 


27,000 00 


106" 


26,625 00 


111| 


10,550 00 


105 


56,345 00 


irsi 


14,121 25 


101 


25,750 00 


102 


32,831 25 


108| 


33,262 50 


1074 


25,687 50 


102 


41,800 00 


102 


51,250 00 


100 


26,125 00 


98 


25,625 00 


97 


27,187 50 


103 


50,420 00 


100 


50,750 00 


100 


10,700 00 


104 


36,225 00 


103| 


53,250 00 


106 


21,400 00 


107J 


6,478 75 


108 


51,218 50 


1021 


51,031 25 


98| 


50,625 00 


1021 


52,750 00 


103" 


35,424 60 


105* 


12,840 00 


104f 


5,275 00 


100 


57.625 00 


116:1 


12,017 50 


111 


44,880 00 


100 


30,525 00 


1051 


50,625 00 


1011 


12,360 00 


1101 


41,512 50 


107| 


10,700 00 


107| 


50,000 00 


103^ 


25,250 00 


107! 



23,625 00 
47,750 00 
9,500 00 
46,100 00 
60,750 00 
54,375 00 



95* 
94| 

100 
94| 

120 

109* 



Market Value. 

$15,600 00 

44,600 00 

117,750 00 

54,750 00 

19,500 00 
12,555 00 
14,625 00 
25,900 00 
42,300 00 
25,956 00 
18,750 00 
33,066 00 
59,000 00 

15,600 00 
37,500 00 

98,250 00 
52,250 00 
26,500 00 
27,875 00 
10,500 00 
56,625 00 
13,130 00 
25,500 00 
32,662 50 
32,250 00 
25,500 00 
40,800 00 
50,000 00 
24,500 00 
24,250 00 
25,750 00 
50,000 00 
50,000 00 
10,400 00 
36,137 50 
53,000 00 
21,450 00 

6,480 00 
51,250 00 
49,375 00 
51,250 00 
51,500 00 
35,870 00 
12,525 00 

5,000 00 
58,125 00 
12,210 00 
44,000 00 
31,560 00 
50,750 00 
13,260 00 
43,050 00 
10,775 00 
51,625 00 
26,812 50 

23,875 00 
47,125 00 
10,000 00 
47,375 00 
60,000 00 
54,750 00 



CONTINENTAL INSURANCE CO. 



159 



3is 



Chicago & Northwestern 5s, 1929, . 
Chicago & Northwestern 3*s, 1987, 
Chicago, St. Louis & New "Orleans 3*s, 1951, 
Chicago, St. Paul, Minn. & Omaha 3^s, 1930, 
Chicago & Western Indiana 6s, 1932, " . 
Cincinnati, Dayton & Ironton 5s, 1941, 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Cin., Indianapolis & Western 4s, 1953, . 
Cleve., Cin., Chicago & St. Louis 4s, 1991, 
Cleveland Electric 5s, 1913, . 
Cleveland & Mahoning Valley 5s, 1938, 
Dayton & Michigan 5s, 1911, . 

Detroit 5s, 1924 

Illinois Central 3|s, 1951, 

Indiana, Illinois & Iowa 4s, 1950, . 

Iowa Central 5s, 1938, .... 

Lake Shore & Michigan Southern 4s, 1928, 

Lehigh Valley 4^s, 1940, 

Long Island guar, ref . 4s, 1949, 

Michigan Central 3^s, 1952, . 

Minneapolis & St. Louis 4s, 1949, . 

Norfolk & Western 4s, 1996, . 

North Chicago Street 5s, 1916, 

Northern Pacific-Gt. Northern 4s, 1921, 

N. Y. Central & Hudson River 3js, 1997, 

N. Y. Cent. & Hudson River (Lake Shore) 3 

N. Y. Cent. & Hud. River (Michigan Cent 

N. Y., Lackawanna & Western 4s, 1923, 

N. Y., New Haven & Hartford 4s, 1954, 

N. Y., New Haven & Hartford 3|s, 1947, 

N. Y., New Haven & Hartford 4s, 1947, 

N. Y., New Haven & Hartford 3^s, 1956, 

Pennsylvania & N. Y. Canal 5s, 1939, . 

Philadelphia, Baltimore & Washington 4s, 1943, 

Pitts., Cin., Chicago & St. Louis 4^s, 1940, 

Port Reading 5s, 1941, . 

Rutland 4^s, 1941, . 

Rutland Canadian 4s, 1949, 

Southern Pacific 4s, 1955, 

St. Louis & San Francisco 5s, 1947, 

St. Louis Southern 4s, 1931, 

Toledo & Ohio Cent. 1st mortgage 5s, 1935, 

Utica, Clinton & Binghamton 5s, 1939, . 

West Chicago Street 5s, 1928, 

West Chicago Street R.R. Tunnel Co. 5s, 1909, 

Miscellaneous Bonds. 
Chicago Edison Co. 5s, 1926, .... 
New York Dock Co. 4s, 1951, 
Northwestern Telegraph Co. 4|s, 1934, . 
Peoples' Gas Light & Coke Cot, Chicago, 5s, 1947 
Swift & Co , Chicago, 5s, 1914, . 
Traders' Safe & Trust Co., Chicago, 6s, 1905, 
Western Union Telegraph Co. 4*s, 1950, 
Western Union Telegraph Co. 5s, 1938, 



1998, 



1998 



Book Value. 

$52,256 25 
48,000 00 
24,500 00 
46,750 00 
39,435 00 
26,125 00 
51,125 00 
49,375 00 
9,000 00 
51,375 00 
11,000 00 
26,437 50 
54,862 50 
25,000 00 
40,300 00 
28,156 25 
51,125 00 
25,312 50 
51,000 00 
24,281 25 
71,812 50 
23,098 13 
10,350 00 
23,993 75 
25,937 50 
47,220 00 
26,100 00 
53,025 00 
54,250 00 
52,375 00 
26,812 50 
22,500 00 
26,500 00 
53,750 00 
55,518 75 
10,200 00 
26,187 50 
25,000 00 
48,000 00 
24,837 50 
26,250 00 
15,375 00 
12,400 00 
10,050 00 
10,175 00 

26,625 00 
38,540 00 
25,562 50 
26,125 00 
25,500 00 
10,000 00 
52,937 50 
27,093 75 



Rate. Market Value. 
110 

97 J, 

94" 

96* 
113* 
113f 
111 

94 
100^ 
102 
117£ 
102 
109* 
100 " 
100 
113* 

99* 
108| 
100* 

97* 

96^ 
100* 

90^ 

99£ 

98J 

88* 



102 
105| 

95 
105* 
117* 
118| 
107 
110f 
112* 
105" 

97 

95 
101 
101 
116 
125 
101| 
100 

103* 
97" 
100 
105 
102| 
100 
104 
106* 



$52,800 00 
48,750 00 
23,500 00 
48,250 00 
38,590 00 
28,343 75 
55,500 00 
47,000 00 
10,025 00 
51,000 00 
11,787 50 
25,500 00 
54,750 00 
25,000 00 
40,000 00 
28,375 00 
49,750 00 
27,187 50 
50,250 00 
24,375 00 
72,000 00 
25,125 00 
9,000 00 
24,968 75 
24,531 25 
44,250 00 
26,550 00 
51,000 00 
52,875 00 
47,500 00 
26,375 00 
26,437 50 
29,687 50 
53,500 00 
55,375 00 
11,250 00 
26,250 00 
24,250 00 
47,500 00 
25,250 00 
25,250 00 
17,400 00 
12,500 00 
10,125 00 
10,000 00 

25,875 00 
39,770 00 
25,000 00 
26,250 00 
25,687 50 
10,000 00 
52,000 00 
26,625 00 



$3,810,097 73 



$3,924,215 75 



CONTINENTAL INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated November, 1852. Commenced business January, 1853. 

Paid-up Capital, $1,000,000. 

HENRY EVANS, President. ^ ^. BALLARD | Secretaries. 

Home Office, 46 Cedar Street. 

Income. 

Net fire premiums $5,993,169 61 

Interest on mortgage loans, $1,544.82; stocks and bonds, $508,- 

934.23; all other, $33,983.48 544,462 53 



160 



CONTINENTAL INSURANCE CO. 



Rents, 

Profit on sale or maturity of stocks and bonds, . 
Increase in book value of stocks and bonds, 
Contingent commission on reinsurance, 

Total income, 

Ledger assets, Dec. 31, 1904, .... 

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, 

Repairs and expenses on real estate, . 

Real estate taxes, $15,811.87; other taxes and fees 

New York City personal, $28,380.25, . 
Agents' balances and bills receivable past due, 
Reduction in book value of real estate, 
Subscriptions on account of stocks and bonds, . 
Advertising, printing and stationery, . 

Furniture and fixtures, 

Legal expenses, ....... 

Decrease in book value of stocks and bonds, 
Traveling expenses of special agents, 

Exchange, 

Express, 

Local board expenses, 

Maps, ......... 

Subscriptions to papers and magazines, . 

Postage, 

Survey reports, 

Mercantile agenc} 7 subscriptions, 

Miscellaneous, 

Suspense account, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $ 1,150,000; mortgages, $ 16,350, 

Stocks and bonds (Schedule A), 

Cash in banks and office, .... 

Agents 1 balances, 

Bills receivable, not matured, 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $434.85; stocks and bonds, $93,075, 
Rents accrued on companj's property, 
Market value of stocks and bonds over book value, . 

Gross assets, 



$71,217 00 

500,542 00 

241,575 00 

24,957 65 

$7,375,923 79 
14,248,978 29 



• 


$21,624,902 08 


. $2,663,444 14 




360,000 00 


, , 


323 00 


, , 


1 80 


. 


. 1,295,311 83 


. , 


417,344. 68 


. . 


13,330 83 


. 


24,777 66 


$151,115.05 




. 


195,307 17 


. . ■ 


10,446 09 


, 


19,249 71 


. . 


6,417 00 


• • < 


52,909 37 


. . 


2,712 90 


, . 


3,081 05 


• . ■ 


190,210 00 


. • 


71,859 52 


• • ■ 


6,899 97 


• . • 


10,337 69 


. . . 


51,422 00 


. 


12,091 76 


. . . 


2,276 22 


. . ■ 


39,461 29 


• • 


3,043 26 


. . 


9,242 20 


. . 


40,684 33 


. . ■ 


54 00 



. $5,502,239 47 
$16,122,662 61 



$1,166,350 00 

13,071,652 00 

1,118,043 52 

756,747 43 

9,869 66 

$16,122,662 61 



93,509 85 

208 69 

. 1,686,278 00 

$17,902,659 15 



CONTINENTAL INSURANCE CO. 



161 



Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $ 90,1 16.88 liability thereon, 
Total unadmitted assets, 

Total admitted assets, 



$14,269 04 
38,945 62 



$53,214 66 



$17,849,444 49 



Liabilities. 

Unpaid losses, including $51,079 resisted, $345,271.62; less rein- 
surance, $17,062.45, 

Unearned premiums on outstanding risks, $6,157,738. 23 ; plus same 
on disallowed reinsurance, $1,161.51, 

Due for reinsurance premiums, 

Reserve for contingencies, 

All liabilities, except capital and surplus, . . 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



$328,209 17 

6,158,899 74 

19,752 58 

300,000 00 

. $6,806,861 49 
. 1,000,000 00 
. 10,042,583 00 

$17,849,444 49 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . $1,098,063,692 00 $11,626,745 69 
Kire risks written during 1905, 705,379,930 00 7,035,782 54 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$1,803,443,622 00 $18,662,528 23 
. 654,086,230 00 6,486,333 55 



$1,149,357,392 00 $12,176,194 68 
. 41,206,402 00 377,815 69 



$1,108,150,990 00 $11,798,378 99 



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, 



Schedule A. Stocks and Bonds owned by tiik 



$108,887,612 00 

. 58,689,172 00 

. 2,581,108 00 

. 8,164,357 00 

360,000 00 

176,800 00 



Company. 



:;oo 

1,000 

1,000 

1,500 

13,000 

500 

700 

1,000 

3,000 

2,500 

2,675 

1,000 

700 

1 000 



Railroad Stocks. 
shares Atlantic Coast Line, Conn., 
" Atlantic Coast Line, Va., 
" Baltimore & Ohio, preferred, . 
" Baltimore & Ohio, common, 

Brooklyn City, 

" Buffalo, Rochester & Pitts., preferred, 
" Buffalo, Rochester & Pitts., common, 
" Chicago & Eastern Illinois, preferred, 
" Chicago, Milwaukee & St. Paul, pref., 
" Chicago & Northwestern, preferred, 
" Chicago & Northwestern, common, . 
" Chic, St. Paul, Minn. & Omaha, pref., 
" Cleve., Cin., Chic. & St. Louis, pref., 
11 Cleve., Lorain & Wheeling, preferred, 



Book Value 

$127,421 00 
110,278 00 

85,000 00 
141,217 00 
292,500 00 

65,000 00 

08,104 00 
120,000 00 
525.000 00 
525,000 00 
417,500 00 
175,000 00 

70,000 00 
109,625 00 



Rate. 

425 

158 

98 

H3J 

237 

ir,8! 

157 

130 

188.', 

245 

223 

188 

118.', 

105^ 



Market Value. 

$127,500 00 

158,000 00 

98,000 00 
170,812 50 
308,100 00 

79,125 00 
109,900 00 
130,000 00 
565.500 00 
612,500 00 
596,528 00 
188,000 00 

82,050 00 
105,000 00 



162 



CONTINENTAL INSURANCE CO. 



1,000 shares Delaware & Hudson, .... 

1,000 " Delaware, Lackawanna & Western, . 

800 " Erie, 1st preferred, .... 

1,300 " Great Northern, preferred, 

1,000 " Hocking Valley, preferred, 

1,000 " Illinois Central 

2,352 " Lake Shore & Michigan Southern, . 

2,000 " Lehigh Valley, 

3,500 " Louisville & Nashville, 

500 " Mahoning Coal 

1,200 ■• Manhattan, 

500 " N. Y., Chic. & St. Louis, 1st preferred, 

5,021 " New York & Harlem, . . 

100 " N.Y., New Haven & Hartford, 

1,600 " Northern Pacific, .... 

30 " Northern Securities 

9,000 " Pennsylvania 

1,200 " Pitts., Cin., Chic. & St. Louis, preferred, 

500 " Pitts., Ft. Wayne & Chicago, . 

4,200 " Pitts., McKeesport & Yough., . 

400 " Reading Co., 1st preferred, 

500 " Second Avenue, ...... 

2,500 " Southern, preferred, .... 

200 " Southern Pacific, preferred, 

3,000 " Union Pacific, 

2,000 " United N. J. R.R. & Canal Co., 

Bank Stocks. 
250 shares American Ex. National, New York, N. Y 

50 " Bank of America, New York, N. Y., 
350 " Bank of New York. N. Y., . 
200 " Central Trust Co., New York, N. Y., 
400 " Mechanics' National, New York, N. Y., 
350 " Merchants' National, New York, N. Y., 

Miscellaneous Stocks. 
1,500 shares American Tel. & Tel. Co., 
2,200 " Consolidated Gas Co., N. Y., 
1,000 " Pullman Co., 
2,000 " United States Express Co., 
700 " Wells, Fargo & Co., . 

State and Municipal Bonds. 

Georgia 4^s, 1915, 

Massachusetts 34s, 1943, 

New Mexico 6s, 1919, .... 

New York, N. Y., 3is, 1910, . 

New York, N. Y., 34s, 1927, . 

New York, N. Y., SJs, 1954, . 

Portland, Ore., 5s, 1917, . 

Richmond, Va., 4s, 1920-1-4, . 

Railroad, Bonds. 
Atlantic Coast Line (L. & N. Col.) 4s, 1952, 
Chicago & Alton 3£s, 1950, .... 
Chicago City R.R. (sub. 95 per cent, paid) 4^s, 
Chicago & Northwestern 6s, 1929, 
Chicago, Rock Island & Pacific 4s, 2002, 
Columbia & Greenville 6s, 1916, . 
Elmira, Cortland & Northern 6s, 1914, . 
Louisville & Nashville (Mod. & Mont.) 44s, 1945, 
Metropolitan Street 5s, 1997, . 
North. Pacific-Gt. North. (C, B. & Q. Col.) 4s, 1921, 
Wahash " Series B "6s, 1939, 

Miscellaneous Bonds. 
Consolidated Gas Co. 6s, 1909, 
N. Y. Gas, Elec. Lt., Heat & Power Co. 4s, 1949, 



Book Value. 

$160,000 00 

125,000 00 

66,184 00 
290,515 00 

80,000 00 
145,000 00 
591,386 00 
141,507 00 
490,129 00 

50,000 00 
184,637 00 

50,000 00 
953,990 00 

17,500 00 

261,276 00 

6,000 00 

569,091 00 

120,000 00 

87,500 00 
252,000 00 

17,000 00 
100,000 00 
208,552 00 

23,614 00 
396,694 00 
500,000 00 

52,500 00 
20,000 00 
90,094 00 
350,000 00 
101,478 00 
26,250 00 

202,500 00 
396,000 00 
244,317 00 
200,000 00 
140,000 00 

25,000 00 
200,000 00 

10,000 00 
475,000 00 
125,000 00 
404,000 00 

50,000 00 

50,000 00 

45,000 00 

15,000 00 

190,000 00 

48,112 00 

80,931 00 

50,000 00 

50,000 00 

50,000 00 

100,000 00 

237,500 00 

140,000 00 

90,750 00 
54,000 00 

$13,071,652 00 



Kate. Market Value. 

220 

445 

81 
274 

94 
175i 
325 
1634 
152" 
225 
162^ 
118 
395 



203 
275 
143| 
106 
1824 
135" 
92 
2074 
100£ 
1174 
150| 
270 

265 
525 
310 
2,210 
275 
170 

138 

186| 

245 

118 

235 

1114 
105f 
106| 
99 
99| 
100 
1114 
103 

94 

78^ 

95 

116 

79| 

1144 

1114 

108" 

1124 

99| 

74 

167 
89 



$220,000 00 
222,500 00 

64,800 00 
356,200 00 

94,000 00 
175,250 00 
764,400 00 
163,500 00 
532,000 00 

56,250 00 
194,700 00 

59,000 00 
991,647 50 

19,625 00 

324,800 00 

8,250 00 

646,312 50 

127,200 00 

91,250 00 
283,500 00 

18,400 00 
103,750 00 
250,625 00 

23,500 00 
451,875 00 
540,000 00 

66,250 00 

26.250 00 

108,500 00 

442,000 00 

110,000 00 

29,750 00 

207,000 00 
410,850 00 
245,000 00 
236,000 00 
164,500 00 

27,875 00 
210,750 00 

10,662 50 
470,250 00 
124,062 50 
400,000 00 

55,750 00 

51,500 00 

47,000 00 

15,650 00 

190,000 00 

54,520 00 

79,125 00 

57,250 00 

55,750 00 

54,000 00 

112,500 00 

249,687 50 

185,000 00 

91,850 00 
53,400 00 

$14,757,930 00 



COUNTY FIRE INSURANCE CO. 



163 



* COUNTY FIRE INSURANCE COMPANY OF PHILADELPHIA. 

Incorporated May 31, 1832. Commenced business April 19, 1833. 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 

Home Office, 110 South 4th Street, Philadelphia, Pa. 

Income. 

Net tire premiums, . . . . * $254,381 28 

Deposit premiums on perpetual risks, 5,442 34 

Interest on mortgage loans, $8,787.23 ; collaterals, $1,451.05 ; stocks 

and bonds, $25,626.45; all other, $1,931.80, 37,796 53 

Rents, including company's own occupancy, . . . . . 4,861 92 

Discounts on perpetual premiums, 547 53 

From all other sources, 107 29 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $1,199.68 ; other taxes and fees, $7,823 
Loss on sale or maturity of ledger assets, . 

Perpetual reinsurance, 

All other disbursements, 



Total disbursements, 
Balance, 



.02, 



$303,136 89 
875,213 20 



Ledger Assets. 

Real estate, $62,702.90; mortgages, $199,150, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, 

Due from other companies, 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,378.73; collateral loans, $39.78; other assets, 

$100 

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 



$1,178,350 09 


$103,391 47 


7,453 


00 


24,000 


00 


63,272 


93 


14,319 


73 


1,800 


00 


995 


32 


9,022 


70 


5,902 


50 


5 


00 


20,499 


14 


$250,661 


79 


$927,688 


30 


$261,852 


90 


63,700 00 


504,920 54 


64,256 


88 


30,479 


60 


2,478 


38 


$927,688 


30 



Gross assets, 



2,518 51 

82 50 

18,262 10 

75,744 84 

. $1,024,296 25 



* Formerly "The Fire Insurance Company of the County of Philadelphia." 



164 



COUNTY FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $4,500 resisted, $23,435.05 ; less reinsur- 
ance, $402.15, 

Unearned premiums on outstanding risks, $177,778.74; plus same 
on disallowed reinsurance, $711.69, 

Keclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, . 



$23,032 90 

178,490 43 

201,679 04 

6,657 12 

$409,859 49 

400,000 00 
214,436 76 

Total liabilities, $1,024,296 25 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



$614,436 76 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, 

Perpetual risks in force (not included above), . 



,884,512 00 

. 25,860,729 00 

.$56,745,241 00 

. 24,747,040 00 

. $31,998,201 00 

. 2,247,450 00 



Premiums. 

$363,490 44 
315,351 92 

$678,842 36 
306,680 58 

$372,161 78 
24,710 62 



.$29,750,751 00 $347,451 16 
. $9,187,801 00 $222,512 61 



Miscellaneous. 

Premiums received from organization of company, .... $4,506,251 00 

Losses paid from organization of company, 2,769,928 00 

Fire losses incurred during the year, 99,749 00 

Cash dividends declared from organization of company, . . . 876,408 00 

Dividends declared during the year (6 per cent.), .... 24,000 00 

Company's stock owned by directors, 127,700 00 

Schedule A. Securities held as Collateral. 



21 shares Union Pass. R'y Co., 



Westinghouse Elec. & Mfg. Co., 1st preferred, 
Westinghouse Elec. & Mfg. Co., assenting, 
Philadelphia Electric Co., 
Lehigh Valley R.R. Co., 
ErieR.R. Co., 



375 
25 
400 
223 
100 

Reading General 4s, 
Electric & Peoples' 4s, . 
New York Central debenture 4s, 
50 shares U. G. I. Co., . 
Kings County Elevated 4s, . 



Company's 
Market Value. 

$5,061 00 
33,750 00 ) 
2,125 00 
3,375 00 ' 
13,965 00 
4,900 00 
5,169 00 
5,075 00 
2,020 00 
4,725 00 
1,920 00 J 



Loaned 
Thereon. 

$3,700 00 
25,000 00 



35,000 00 



■$82,085 00 $63,700 00 

Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
11 shares Elmira & Williamsport, 
50 " • Frankford & South wark P. C. P., 

205 " Germantown Passenger, 

104 " North Pennsylvania, 

470 " Pennsylvania, .... 

264 " Philadelphia, Germantown & Norristown, 



Book Value. 

$550 00 
16,656 25 
17,744 60 

8,699 50 
26,502 00 
28,847 05 



Rate. Market Value. 

104 $572 00 

910 22,750 00 

265 27,162 50 

208 10,816 00 

143| 33,751 88 

338 44,616 00 



THE DELAWARE INSURANCE CO. 



165 



200 shares Philadelphia Traction Co., . 
100 " 2d & 3d Street Passenger, . 
20 " 13th & 15th Streets Passenger, 
150 " United Cos. of New Jersey, . 
164 " Union Traction of Philadelphia, 

Bank Stocks. 
28 shares Bank of North America, Phila., Pa., . 
10 " First National, Philadelphia, Pa., 
35 " Nat'l Bank Northern Liberties, Phila, Pa. 

Miscellaneous Stocks. 
1 share General Adjustment Bureau, 

Municipal Bonds. 
Camden, N. J., 7s, 1906, 

Railroad Bonds. 
Catawissa 4s, 1948, 

Chesapeake & Ohio equipment trust 4s, 1904 
Electric & Peoples' Traction 4s, 1945, 
Erie & Western Transportation 4s, 1925, 
Iron Mt. Car Trust 5s, 1906, . 
Lehigh Valley 7s, 1910, . 
Lehigh Valley 4fa 1940, 
Lehigh Valley annuity 6s, 
Lehigh Valley 4s, 2003, . 
Newark Passenger 5s, 1930, . 
Norfolk & Western equipment trust 4s, 1913 
Northern Central 5s, 1926, 
Northern Central 5s, 1926, 

Pennsylvania & New York Canal & R.R. 7s, 1906 
Pennsylvania Co. 3|s, 1916, . 
Pennsylvania 6s, 19l0, . 
Pennsylvania 6s, 1910, . 
Pennsylvania & Northwestern 5s, 1930, 
Philadelphia, Baltimore & Washington 4s, 1943, 
Philadelphia City Passenger 5s, 1910, 
Philadelphia & Erie 5s, 1920, 
Philadelphia & Reading Terminal 5s, 1941, 
Pitts., Cin., Chicago & St. Louis 44s, 1942, 

Wladikawkas 4s, 

Miscellaneous Bonds. 
Equitable Ilium. Gas Light Co., Phila., 5s, 1928, 
Pennsylvania Steel Co. 5s, 1917, .... 

Philadelphia Co. 5s, 1949, 

Western Union Telegraph Co. 4?js, 1950, 



Book Value. 

818,225 00 

16,816 00 

4,500 00 

29,217 39 

2,870 00 

7,458 00 

2,102 50 

11,516 25 

100 00 

1,280 00 



10,600 00 
12,050 00 
23,400 00 
15,000 00 

16,507 50 

15,250 00 

5,425 00 

26,925 00 

$504,920 54 



Rate. 

201 

604 

612 

270 



280 
210 
240 

100 

100 



4,300 00 


104 


9,772 00 


96 


23,359 00 


100i 


15,412 50 


102 


5,000 00 


100 


10,150 00 


113 


25,250 00 


108f 


18,137 50 


151 


4,900 00 


98 


4,625 00 


1121 


4,897 50 


97£ 


6,910 00 


1171 


4,640 00 


1174 


7,387 50 


105 


9,770 00 


97 


13,302 50 


J 1084 
jl08i 


10,400 00 


no| 


5,225 00 


107 


3,240 00 


103f 



117 
123 
111 

84 

106i 
105| 
108 
104 



Market Value. 

$20,100 00 

30,200 00 

6,120 00 

40,500 00 

10,127 00 

7,840 00 
2,100 00 
8,400 00 

100 00 

1,000 00 

4,160 00 

9,600 00 

25,062 50 

15,300 00 

5,000 00 

9,040 00 

27,187 50 

22,650 00 

4,900 00 

5,625 00 

4,862 50 

7,050 00 

4,700 00 

6,300 00 

9,700 00 

5,425 00 

6,510 00 

11,050 00 

5,350 00 

3,112 50 

11,700 00 

12,300 00 

22,200 00 

12,600 00 

15,937 50 

. 15,787 50 

5,400 00 

26,000 00 

$580,665 38 



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. J. PARSONS SMITH, Jr., Secretary. 

Home Office, Third and Walnut Streets. 

Income. 

Net fire premiums, $930,874 47 

Deposit premiums on perpetual risks, 6,076 16 

Interest on mortgage loans, $8,865.88 ; collaterals, $1,284.05 ; stocks 

and bonds, $ 46,445. 58; all other, $1,784.99 58,380 50 

Rents, including company's own occupancy, 11,110 00 

Profit on sale or maturity of ledger assets, 930 00 



Total income, 
Ledger assets, Dec. 31, 1904, 

Total, 



$1,007,371 13 
1,678,955 38 

$2,686,326 51 



166 



THE DELAWARE INSURANCE CO 



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, $22,424.77, 

Advertising, printing and stationery, 

Furniture and maps, 

Board assessments, 

Bad debts, 

All other disbursements, 



Total disbursements, 
Balance, 



93 
61 
50 
9i 
60 
73 
64 
77 



Ledger Assets. 

Real estate, $200,000 ; mortgages, $155,500, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, 

All other ledger assets, 



$433,123 
4,906 

42,172 

248,812 

64,488 

8,211 

5,155 
24,453 
10,520 57 

3,718 42 
12,478 83 

1,134 00 
28,915 30 



,122 81 



$1,798,203 70 



$355,500 00 

117,000 00 

1,099,642 24 

56,274 45 

168,801 69 

985 32 



Total ledger assets, $1,798,203 70 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,193.42; stocks and bonds, $15,616.64, 
Rents accrued on company's property, .... 
Market value of stocks and bonds over book value, . 
All other, 



Gross assets, 



17,810 06 

620 84 

23,327 14 

284 00 

,840,245 74 



Assets not admitted. 

Special deposits, $10,650 00 

Cash in hands of special agents, .... 150 00 

Deposited with Philadelphia Underwriters Ass'n, . 100 00 

Due from unauthorized companies, .... 430 33 

Total unadmitted assets, 



11,330 33 



Total admitted assets, $1,828,915 41 

Liabilities. 

Unpaid losses, including $1,125 resisted, $73,373 ; less reinsurance, 

$13,045, . « 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, . . . . . 
Dividends due stockholders, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 

Total liabilities, 



$875,389 00 



),328 00 

775,162 37 

117,959 04 

77 00 

$953,526 41 

702,875 00 
172,514 00 

$1,828,915 41 



THE DELAWARE INSURANCE CO. 



167 



Risks and Premiums. 



$137,719,744 00 
. 101,866,727 00 



f 239,586,471 00 $2,864,761 75 
. 92,598,140 00 1,171,886 49 



$146,988,331 00 $1,692,875 26 
. 21,100,706 00 247,970 10 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, .... 
Perpetual risks in force (not included above), 

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. Securities held as Collateral. 



Premiums. 

11,611,215 81 
1,253,545 94 



$125,887,625 00 $1,444,905 16 
. $4,530,827 00 $130,427 50 



,013,204 00 

22,471,150 00 

429,144 00 

2,845,366 00 

42,172 50 

31,875 00 



Interstate R'ys bonds, 

115 shares Pennsylvania Warehouse & Safe Deposit Co., 

100 " American Railways, . . . 

100 " Philadelphia Co., . 

100 " Pennsylvania R.R. Co., 

100 " Denver & Rio Grande, common, 

100 " Cambria Steel Co., 

100 " Philadelphia Rapid Transit Co., 

200 " Chicago Union Traction Co., 

100 " Philadelphia Co., . 

100 " Electric Co. of America, 

100 •« Lehigh Valley R.R. Co., 

200 " Mexican Central R.R., . 

200 " Lehigh Coal & Navigation Co., 

100 " United Gas Improvement Co., 

85 " Reading Co., common, . 

100 " Philadelphia Electric Co., . 

48 " Penn National Bank, 

200 " U.S. Steel Co., preferred, . 
Imperial Japanese Government bonds, 6s, 



Company's 
Market Value. 
$20,460 00 ) 
8,625 00 '■ 
5,200 00 1 
5,150 00 
7,150 00 
3,900 00 " 
3,150 00 
3,150 00 
2,500 00 1 
5,150 00 
1,125 00 
8,250 00 
4,975 00 [■ 

23,400 00 
9,400 00 
6,120 00 

837 50 J 
6,400 00 ) 

21,200 00 
2,992 50 \ 



Loaned 
Thereon, 



$22,000 00 



20,000 00 



50,000 00 



25,000 00 



$149,135 00 $117,000 00 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
550 shares Pennsylvania, 

Miscellaneous Stocks. 
3 shares General Adjustment Co., 
110 " New York Dock Co., preferred, 
20 " Philadelphia Bourse, common, 
15 " Philadelphia Bourse, preferred, 
5 " Underwriters Salvage Co., . 

State and Municipal Bonds. 

Georgia 3*8, 1925, 

Camden, N. J., 4s, 1912, 
Duquesne, Pa., 44s, 1923-33, . 
South Bethlehem, Pa., 4s, 1933, . 
Richmond, Va., 4s, 1926, 

Railroad Bonds. 
Allegheny Valley 4s, 1942, . 
Allentown Terminal 4s, 1919, 



Book Value. 


Rate. 


Market Value. 


. $27,500 00 


143| 


$39,496 88 


150 00 

11,000 00 

1,000 00 

375 00 

500 00 


100 

79 

7 

5 

100 


150 00 

8,690 00 

70 00 

18 75 

500 00 


9,925 00 
30,594 00 
28,863 40 
25,744 90 
35,855 00 


106 ?, 
103 " 
105 
102 
103^ 


10,650 00 
30,900 00 
27,300 00 
25,500 00 
38,295 00 


51,350 00 
50,330 00 


103 
100$ 


51,500 00 
50,250 00 



168 



THE DETROIT FIRE AND MARINE INSURANCE CO 



Altoona & Logan Valley 4^s, 1933, 

American 5s, 1911, . 

Boston & Worcester Street 4$s, 1923, 

Camden & Suburban 5s, 1946, 

Conn. R'y & Lighting 4-Js, 1951, . 

Detroit United 4|s, 1932, 

East McKeesport Street 5s, 1929, . 

Electric & People's Traction 4s, 1945, 

Ft. Wayne & Wabash Valley Traction 5s, 1934, 

Indianapolis Northern Traction 5s, 1932, 

Lehigh Valley 4s, 1940 

Lehigh Valley 4|s, 1923, .... 

Lehigh Valley 4s, 2003, 

Lynchburg Traction & Light Co. 5s, 1931, . 
Mt. Washington Street 5s, 1933, . 

Norfolk & Western 4s, 1944 

Norfolk & Western (Pocohontas C. & C.) 4s, 1941 
People's Passenger 4s, 1943, .... 
People's Passenger 5s, 1910, .... 
Philadelphia, Wilmington & Baltimore 4s, 1921, 
Reading Co. (Jersey Central Collateral) 4s, 1951, 
Roanoke R'y & Electric 5s, 1953, . 
St. Louis Merchants Bridge Terminal 5s, 1930, 
Southern Traction, Pittsburgh, 5s, 1950, 
United, San Francisco, 4s, 1927, . 
United, San Francisco, 4s, 1949, . 
United Traction, Pittsburgh, 5s, 1997, . 
Wabash, Pittsburgh Terminal 4s, 1954, 
Wilmington & Northern 5s, 1932, . 

Miscellaneous Bonds. 
Delano Land Co. 5s, 1923, 
Mortgage Trust Co. of Penn. 4s, 1908, . 
New York Dock Co., 4s, 1951, 
Philadelphia Co. 5s, 1951, 
Philadelphia Electric Co. 5s, 1948, 
Public Service Corporation of New Jersey 5s, 1909, 
Suburban Gas Co., Philadelphia, 5s, 1952, . 
Westinghouse Electric & Manufg. Co. 5s, 1913, . 



Book Value. 
$9,400 00 
25,116 64 

23.212 30 
20,476 20 
24,937 50 
18,900 00 

8,568 16 
24,812 50 
19,400 00 
14,362 50 
25,124 98 
101,487 50 
9,800 00 
10,025 00 

15.213 54 
19,540 00 
14,137 50 
18,800 00 
10,515 55 
29,400 00 
38,033 33 
20,050 00 
25,343 66 
10,475 00 
20,281 25 
20,975 00 
19,900 00 
13,931 25 
25,862 50 

30,431 25 
15,000 00 
11,000 00 
31,584 65 
49,922 50 
14,737 50 
15,359 68 
20,337 50 

$1,099,642 24 



Kate. Market Value. 

94 
10U 
102^ 
106 
100 

94 
105 
100^ 

95 

944 
108| 
107 

98 

99| 
103 

98 

931 
1021 



102 
101$ 

994 

98£ 
107| 
lOOf 

88 

84 
HO* 

85§ 
102 



100 

94 

97 
103$ 
100 

96 

96 
105 



$9,400 00 
25,375 00 
23,460 00 
21,200 00 
25,000 00 
18,800 00 
8,400 00 
25,062 50 
19,000 00 
14,175 00 
27,187 50 
107,000 00 
9,800 00 
9,912 50 
15,450 00 
19,600 00 
14,025 00 
20,500 00 
10,200 00 
30,450 00 
39,800 00 
19,775 00 
26,937 50 
10,075 00 
22,000 00 
21,000 00 
22,100 00 
12,843 75 
25,500 00 

30,000 00 
14,100 00 
10,670 00 
31,050 00 
50,000 00 
14,400 00 
14,400 00 
21,000 00 

$1,122,969 38 



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 Qriswold Street. 

Income. 
Net fire premiums, $388,762.13 ; marine, $55,193. 12, 



Interest on mortgage loans, $ 41,990. 01; collaterals, $1,590.73; 

bonds, $14,130. 41; all other, $13,313.01, 

Rents, 

Total income, 

Ledger assets, Dec. 31, 1904, 

Total, 



$443,955 25 

71,024 16 
4,402 92 

$519,382 33 
1,560,020 19 

82,079,402 52 



Disbursements. 

Net amount paid for fire losses, $162,634. C8 ; marine, $69,986.90, . $232,620 98 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 84,936 41 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



169 



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

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $953.55 ; other taxes and fees, f 18,886. 80, 
Loss on sale or maturity of ledger assets, .... 
Premiums on bonds charged off, ..... 

Profit and loss, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $264,997.46 ; mortgages, $637,623.69, . 
Loans secured by collateral (Schedule A), 

Bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, 

All other, 



|29,841 54 

3,000 00 

2,122 63 

19,840 35 

2,753 50 

962 50 

38 26 

23,590 72 

$449,706 89 

$1,629,695 63 



$902,621 15 

37,000 00 

463,192 85 

158,203 12 

66,735 11 

1,943 40 



Total ledger assets, .$1,629,695 63 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $10,423.58; bonds, $6,333.93; collateral loans, 
$15.10; other assets, $2,001.84, 



Gross assets, 



18,774 45 
.,648,470 08 



Assets not admitted. 



Agents' balances over three months due, . 
Book value of bonds over market value, . 
Total unadmitted assets, 



$4,228 80 
2,097 09 



6,325 89 
Total admitted assets $1,642,144 19 



Liabilities. 

Unpaid losses, including $8,800.51 resisted, $58,507.66 ; less rein- 
surance, $3,312.79, 

Unearned premiums on outstanding risks, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$1,259,966 19 



$50,261,010 CO 
40,266,141 00 



,527,151 00 

35,297,420 00 

$55,229,731 00 

3,239,019 00 



$55,194 87 
326,983 13 

$382,178 00 

500,000 00 
759,966 19 

1,642,144 19 



Premiums. 

$574,626 22 
490,499 06 

1,065,125 28 
427,950 80 

$637,174 48 
40,030 99 



.$51,990,712 00 $597,143 49 



170 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$933,512 00 
7,898,824 00 

18,832,336 00 
7,765,875 00 

11,066,461 00 
81,500 00 



Premiums. 

$42,262 34 
67,329 64 

$109,591 98 
74,365 32 

$35,226 66 
1,882 80 



$984,961 00 $33,343 86 



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, . 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. Securities held as Collateral 



$,588,695 00 

4,917,961 00 

156,729 00 

66,979 00 

1,278,500 00 

350,000 00 

50,000 00 

111,750 00 



50 shares Wayne Co., Mich., Savings Bank, 
1,000 " Northern Engineering Works, Detroit, Mich. 

Springswells, Mich , 4s, 1933, 

Delray, Mich., bonds, 



Company 
Market Value. 

$15,000 00 

10,000 00 

7,350 00 

15,706 50 



Loaned 
Thereon. 

$10,000 00 

5,000 00 

7,000 00 

15,000 00 



$48,056 50 $37,000 00 



Schedule B. Bonds owned by the Company. 



Government and Municipal Bonds 
United States 2s, 1930, . 
Detroit, Mich., 4s, 1919, 
Detroit, Mich., 4s, 1920, 
Detroit, Mich., 4s, 1922, 
Detroit, Mich., 4s, 1924, 
Detroit, Mich., 4s, 1924, 
Detroit, Mich., 3*s, 1932, 
Detroit, Mich., 3|s, 1916, 
Detroit, Mich., 3."65s, 1918, 
Detroit, Mich., 34s, 1930, 
Detroit, Mich., 3|s, 1929, 
Saginaw, Mich., 4s, 1906, 
Saginaw, Mich., 4s, 1907, 
Saginaw, Mich., 4s, 1908, 
Saginaw, Mich., 4s, 1909, 
Saginaw, Mich., 4s, 1910, 
Saginaw, Mich., 4s, 1911, 
Saginaw, Mich., 4s, 1912, 
Saginaw, Mich., 4s, 1913, 
Saginaw, Mich., 4s, 1914, 
Saginaw, Mich., 4s, 1906, 
Saginaw, Mich., 4s, 1907, 
Saginaw, Mich., 4s, 1908, 
Saginaw, Mich., 4s, 1909, 
Saginaw, Mich., 4s, 1910, 
Saginaw, Mich., 4s, 1911, 
Saginaw, Mich., 4s, 1912, 
Saginaw, Mich., 4s, 1913, 
Saginaw, Mich., 4s, 1914, 
Saginaw, Mich., 4s, 1915, 
Saginaw, Mich., 4s, 1906, 
Saginaw, Mich., 4s, 1907, 
Saginaw, Mich., 4s, 1908, 
Saginaw, Mich., 4s, 1909, 



Book Value. 

$51,500 00 

49,657 50 

44,272 00 

11,147 00 

65,255 80 

11,258 00 

55,582 80 

39,422 40 

3,147 00 

23,430 00 

9,637 20 

1,021 80 

1,021 80 

1,021 80 

1,021 80 

1,021 80 

1,021 80 

1,021 80 

1,021 80 

1,021 80 

359 25 

359 25 

359 25 

359 26 

359 26 

359 26 

359 26 

359 26 

359 26 

359 26 

1,026 45 

1,026 45 

1,026 45 

1,026 45 



Rate. 
102| 
109* 

not 
111} 

112^ 
112^ 
107^ 
103 1 
105| 
106| 
99 
100^ 
100^ 
100* 
100f 

ioi£ 

101| 
lOlf 
101 1 
102 

100 \r 

iooi 

100* 

loof 

101| 
lOlf 

ioi| 

10U 

102 

102J 

100J 

100i 

100* 

ioo| 



Market Value. 

$51,187 50 

49,275 00 

44,050 00 

11,125 00 

65,105 00 

11,225 00 

55,705 00 

39,282 50 

3,165 00 

23,485 00 

8,910 00 

1.001 25 

1.002 50 
1,005 00 
1,008 75 
1,011 25 
1,013 75 
1,016 25 
1,018 75 
1,020 00 

350 44 

350 88 

351 75 
353 06 

353 94 

354 81 

355 69 

356 56 

357 00 
357 88 

1.001 25 

1.002 50 
1,005 00 
1,008 75 



DUTCHESS INSURANCE CO. 



171 



Saginaw, Mich., 4s, 1910, 
Saginaw, Mich., 4s, 1911, 
Saginaw, Mich., 4s, 1912, 
Saginaw, Mich., 4s, 1913, 
Saginaw, Mich., 4s, 1914, 
Saginaw, Mich., 4s, 1915, 

Miscellaneous Bonds. 
Adams Transportation Co. 5s, 1906, 
Adams Transportation Co. 5s, 1907, 
Adams Transportation Co. 5s, 1908, 
American Steamship Co. 5s, 1907,, 
American Steamship Co. 5s, 1906, 
Bliss Cook Oak Co. 6s, 1909, . 
Bliss Cook Oak Co. 6s, 1910, . 
Detroit City Gas Co. 5s, 1923, 
Lakewood Steamship Co. 5s, 1912, 
Lakewood Steamship" Co. 5s, 1913, 
Monroe Transportation Co. 5s, 1906, 
Monroe Transportation Co. 5s, 1907, 
Stewart Transportation Co. 5s, 1911, 
Union Trust Co., Detroit, 5s, 1906, 
Yosemite Steamship Co. 5s, 1915, . 
Yosemite Steamship Co. 5s, 1916, . 
Yosemite Steamship Co. 5s, 1917, . 



Book Value. 
$1,026 45 
1,026 45 
1,026 45 
1,026 45 
1,026 45 
2,566 13 

2,000 00 
4,000 00 
4,000 00 
4,000 00 
3,000 00 
3,114 12 
2,076 08 

10,100 00 
5,000 00 
2,000 00 
5,000 00 
5,000 00 

10,000 00 
5,000 00 
3,000 00 
4,000 00 
3,000 00 

$463,192 85 



Rate. 

101& 
101g 

ioi| 

101£ 
102 

102^ 

100 

100 

100 

100 

100 

101f 

lOlf 

102 

100 

100 

100 

100 

100 

100 

100 

100 

100 



Market Value. 

$1,011 25 

1,013 75 

1,016 25 

1,018 75 

1,020 00 

2,556 25 

2 000 00 
4,000 00 
4,000 00 
4,000 00 
3,000 00 
3,052 50 
2,035 00 

10,200 00 
5,000 00 
2,000 00 
5,000 00 
5,000 00 

10,000 00 
5,000 00 
3,000 00 
4,000 00 
3,000 00 

$461,095 76 



L. H. VAIL, President. 



J. J. GRAHAM, Secretary. 



DUTCHESS INSURANCE COMPANY, POUGHKEEPSIE, N. Y. 

Incorporated April 12, 1836. Commenced business June 7, 1836. 
Paid-up Capital, $200,000. 

Home Office, 39 Market Street 

Income. 

Net fire premiums, f 620,825 21 

Interest on mortgage loans, $790; collaterals, $3,370.66; stocks 

and bonds, $25,210.50 ; all other, $4.47, 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
Profit and loss, . 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, 
Real estate taxes, $388.19 ; other taxes and fees, $12,347 
Loss on sale or maturity of ledger assets, . 
Advertising, printing and stationery, .... 

Maps, 

Office expenses, ........ 

Postage, telegraph and express, .... 

Office furniture and fixtures, 

Traveling expenses, 

All other disbursements, 

Total disbursements, 

Balance, 



56, 



29,375 63 

2,593 00 

15,385 80 

1 43 



$668,181 


07 


813,433 50 


$1,481,614 57 


$338,645 


62 


12,000 


00 


170,650 83 


24,752 


95 


1,200 


00 


12,735 


75 


8,037 


50 


3,906 


94 


1,561 


10 


1,786 


10 


2,974 


67 


954 


00 


3,394 


49 


1,154 


28 


$583,754 


23 



$897,860 34 



172 



DUTCHESS INSURANCE CO. 



Ledger Assets. 

Real estate, $24,053.78 ; mortgages, $16,400, . 
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 accrued : — 
On mortgages, $217.69 ; stocks and bonds, $2,150, . 
Rents due and accrued on company's property, 
Market value of stocks and bonds over book value, . 

Gross assets, 

Assets not admitted. 
Agents' balances over three months due, . 
Book value of real estate over market value, . 

Total unadmitted assets, 



$40,453 


78 


2,500 


00 


661,258 


97 


146,354 52 


47,293 


07 


$897,860 34 


2,367 


69 


554 


00 


7,464 78 



$431 76 
2,553. 78 



,246 81 



2,985 54 



Total admitted assets, $905,261 27 



Liabilities. 

Unpaid losses, including $3,087 resisted, $52,350.80 ; less reinsur- 
ance, $3,932.14, 



Unearned premiums on outstanding risks, $485,491 

on disallowed reinsurance, $295.94, 
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, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



09 ; plus same 



$367,327 11 



$77,820,490 00 
60,647,461 00 

$138,467,951 00 
. 56,247,969 00 

. $82,219,982 00 
. 6,278,602 00 



$48,418 66 

485,787 03 
3,728 47 

$537,934 16 

200,000 00 
167,327 11 

$905,261 27 

Premiums. 

$958,338 06 
814,785 42 

1,773,123 48 
744,090 38 

1,029,033 10 
92,391 93 



.$75,941,380 00 $936,641 17 



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, 



$7,760,228 00 

4,885,236 00 

335,177 00 

60,000 00 

12,000 00 

73,500 00 



DUTCHESS INSURANCE CO. 



173 



Schedule A. Securities held as Collateral. 



Missouri, Kansas & Texas R'y, 2d mort. 4s, 1990, 
Central of Georgia R'y 5s, 1945, . 



Company's 
Market Value. 

$2,237 50 
1,130 00 



Loaned 
Thereon. 

$1,500 00 
1,000 00 



$3,367 50 $2,500 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

200 shares Baltimore & Ohio, 

100 " Cleve., Cin., Chicago & St. Louis, 

100 " Erie, 1st preferred, 
29 " Great Northern, preferred, 
21 " Great Northern, preferred receipts 

200 " Lehigh Valley, 

100 " Metropolitan Street, New York, 

200 " N. Y. Central & Hudson River, 
38 " Northern Pacific, . 
1 share Northern Securities, 

100 shares Southern (Mobile & Ohio) , . 

200 ■« Union Pacific, 

100 " United R'ys Invest., San Fran., preferred, 

Bank Stocks. 
10 shares Fallkill Nat'l, Poughkeepsie, N. Y 
60 " Farm. & Mfrs. N'l, Poughkeepsie, N. Y., 
10 " Merchants' National, Poughkeepsie, N. Y., 

Miscellaneous Stocks. 
100 shares American Express Co., 
100 " American Telegraph & Cable Co., 
300 " Consolidated Gas Co., New York, 
100 " General Electric Co., . 
50 " General Electric Co. rights, . 
100 " United States Steel Corp., preferred, 

Municipal Bonds. 
Buffalo, N. Y., 34s, 1920, 
Long Island, N. Y., 44s, 1914, 
New York, N. Y., 3^ 1910, 
New York, N. Y., 34s, 1920, 
New York, N. Y., 34s, 1922, 
New York, N. Y., 34s, 1927, 
New York, N. Y., 3|s, 1928, 
New York, N. Y., 34s, 1929, 
New York, N. Y., 3|s, 1940, 
New York, N. Y., Sh, 1941, 
New York, N. Y., 3$s, 1953, 
Poughkeepsie, N. Y., 3s, 1906-1930, 
Poughkeepsie, N. Y., 3^8, 1923, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe adjustment 4s, 1995, 
Cent, of New Jer. (Lehigh & Wilksb. Coal) 44s, 1910 
Chesapeake & Ohio 44s, 1992, 
Chicago, Rock Island" & Pacific 4s, 2002, 

Detroit & Flint 5s, 1921 

Detroit United 4£s, 1932, .... 

Iowa Central 5s. 1938, 

Kanawha & Michigan 4s, 1990, 

Lake Erie & Western 5s, 1941, 

Leavenworth Term. R'y & Bridge 5s, 1923, . 

St. Louis, Iron Mt. & Southern 5s, 1931, 

St. Louis, Memphis & Southeastern 44s, 1909, 

St. Louis & San Francisco 4s, 1951, 

Southern Pacific (Central Pacific Col.) 4s, 1949, 

Tennessee Coal, Iron & R.R. 5s, 1951, . 

United Traction & Electric, Providence, 5s, 1933, 

West Pennsylvania 5s, 1931, . 

Miscellaneous Bonds, 
American Writing Paper Co. 5s, 1919, 
Brooklyn Union Gas Co. 5s, 1945, . 



Book Value. 

$22,625 00 

9,787 50 

7,362 50 

8,178 00 

3,225 37 

15,262 50 

11,000 00 

28,887 50 

7,220 00 

169 00 

9,162 50 

24,831 25 

8,912 50 

1,440 00 

9,600 00 
1,450 00 

17,812 50 
9,000 00 

54,062 50 

18,475 00 
2,784 37 

10,462 50 

21,375 00 

5,700 00 

4,075 40 

64,253 00 

3,113 55 

2,087 78 

9,292 75 

10,656 25 

15,212 50 

1,056 25 

5,095 00 

47,500 00 

10,168 50 

9,412 50 
5,106 25 
5,181 25 
8,087 50 
5,112 50 
4,700 00 

11,450 00 
4,500 00 

11,562 50 
5,250 00 

11,012 50 
9,750 00 

18,025 on 
8,300 00 
5,000 00 
5,850 00 
4,900 00 

4,437 50 
5,712 50 



Rate. 

1135 
107J 

81 
274 
320 
1631 
125^ 
153| 
203 
275 

98 
150£ 



150 
200 
153 

226 
90 
186| 
177 
9 
106| 

100 

106^ 

99| 

99i 

99J 

99| 

99 
99 

98f 

93i 



934 

101] 
1064 

79| 
100 

94 
113?, 

95" 
1134 

96 
114J 

96 

85| 

92 

98.', 

110I 

96| 

90 
113 



Market Value. 

$22,775 00 

10,787 50 

8,100 00 

7,946 00 

6,720 00 

16,350 00 

12,500 00 

30,625 00 

7,714 00 

275 00 

9,800 00 

30,125 00 

8,800 00 

1,500 00 

12,000 00 

1,530 00 

22,600 00 
9,000 00 
56,025 00 
17,700 00 
450 00 
10,662 50 

20,000 00 
5,312 50 
3,990 00 

59,700 00 
2,981 25 
1,985 00 
8,932 50 
9,925 00 

13,860 00 

990 00 

4,937 50 

44,412 50 
9,750 00 

9,350 00 
5,062 50 
5,325 00 
7,912 50 
5,000 00 
4,700 00 

11,350 00 
4,750 00 

11,350 00 
4,800 00 

11,487 50 
9,600 00 

17,150 00 
9,200 00 
4,02.1 00 
5,525 00 
4,825 00 

4,500 00 
5,650 00 



174 



THE EAGLE FIRE COMPANY OF NEW YORK. 



Chicago Gas Light & Coke Co. 5s, 1937, 
Poughkeepsie Electric Light & Power Co. 5s, 1914, 
Western Union Telegraph Co. <Hs, 1950, 
Westinghouse Electric & Mfg. Co. 5s, 1907,. 



Book Value. 
$10,900 00 

10,500 00 
5,181 25 

10,031 25 


Rate. 
106 

98 
104 

99 


Market Value. 

$10,600 00 

9,800 00 

5,200 00 

9,900 00 


$661,258 97 


$668,723 75 



THE EAGLE FIRE COMPANY OF NEW YORK, NEW YORK, N. Y. 

Incorporated April 22, 1806. Commenced business Aug. 6, 1806. 
Paid-up Capital, $300,000. 



THEO. H. PRICE, President. 



WM. G. WHILDEN, Secretary. 



Home Office, 82 Beaver Street. 

Income. 

Net fire premiums, $499,617 25 

Interest on mortgage loans, $4,106.21; collaterals, $3,071.36; 

stocks and bonds, $9,752.01 ; all other, $4,284.11, .... 21,213 69 

Rents, 1,508 34 

Profit on sale or maturity of ledger assets, 171,991 62 



Total income, 

Ledger assets, Dec. 31, 1904, 

Total, 

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, $705.45 ; other taxes and fees, $9,174.94, 
Loss on sale or maturity of ledger assets, .... 

Postage, stationery and supplies, 

Maps, 

Furniture and fixtures, 

Traveling expenses, ........ 

All other disbursements, 

Total disbursements, 

Balance, 



$694,330 90 
579,814 29 

$1,274,145 19 



$53,358 88 

80 00 

103,968 49 

31,893 91 

2,513 36 

516 63 

9,880 39 

2,024 37 

9,742 04 

13,087 91 

3,634 57 

10,289 68 

11,203 33 

$252,193 56 

$1,021,951 63 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 



Ledger Assets. 



,464 62 
75,413 83 
86,073 68 



Total ledger assets, ; $1,021,951 63 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 
Market value of stocks and bonds over book value, . 
Due from other companies, 

Gross assets, 



$979 43 

7,079 13 

11 23 



$1,030,021 42 



THE EAGLE FIRE COMPANY OF NEW YORK. 



175 



$57 97 
4,407 77 



Assets not admitted. 
Agents' balances over three months due, . 
Special deposits less $6,517.23 liability thereon, 

Total unadmitted assets, — 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $957.98 resisted, $48,962.05; less rein- 
surance, $7,203.19, 

Unearned premiums on outstanding risks, 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, 
Reserve for taxes and contingencies, 



c ,465 74 



$1,025,555 68 



$41,758 86 

293,213 45 

2,826 24 

4,000 00 

25,000 00 

$366,798 55 

300,000 00 
358,757 13 

Total liabilities, $1,025,555 68 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$658,757 13 



Risks and Premiums. 



Fire risks written during 1905, . 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$52,202,808 00 

. 10,563,053 00 

. $41,639,755 00 

. 3,904,266 00 



Premiums. 

$669,096 27 
120,610 12 

$548,486 15 
48,768 17 



.$37,735,489 00 $499,717 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, 

Company's stock owned by directors, 



$9,864,286 

4,561,772 

95,111 

5,298,808 

285,343 



00 
00 
00 
00 
00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. Book Value. Rate. Market Value. 

100 shares Buffalo, Rochester & Pittsburg, preferred, $16,000 00 158$ $15,825 00 

100 " Cleve., Cin., Chic. & St. Louis, preferred, 12,012 50 llSh 11,850 00 

100 " Chic, Milwaukee & St. Paul, preferred, . 18,900 00 188^ 18,850 00 

100 ■■ Chic, Milwaukee & St. Paul, common, . 18,100 00 18l| 18,175 00 

400 " Chicago & Northwestern, .... 88,000 00 223 89,200 00 

810 " Delaware & Hudson, 166,600 00 220 178,200 00 

200 " Denver & Rio Grande, preferred, . . 17,600 00 88 17,600 00 

100 " Lake Shore & Michigan Southern, . . 27,500 00 325 32,500 00 

1,000 " Louisville & Nashville, .... 152,500 00 152 152,000 00 

400 " Missouri Pacific, 40,000 00 100$ 40,100 00 

200 " Morris & Essex, 19,600 00 188 18,800 00 

100 " N. Y. Central & Hudson River, . . 15,300 00 153| 15,312 50 

100 " N.Y., New Haven & Hartford,. . . 20,000 00 196$ 19,625 00 

\Iisc€lIci7i6oi(s Stoclcs* 

100 shares Amer. Smelters & Ref'ng Co., preferred, . 13,000 00 130 13,000 00 

200 « Consolidated Gas Co., New York, . . 39,125 00 1862 37,350 00 

100 " General Electric Co., 17,887 50 177 17,700 00 

200 " The Mackay Cos., preferred, . . . 14,737 50 73$ 14,650 00 

200 " United Gas Improvement Co., . . . 23,350 00 188^ 18,850 00 

State Bonds. 

Georgia 44s, 1915 5,687 50 1114 5,575 00 

Georgia Sis, 1930, 5,512 50 107f 5,381 25 



176 



EASTERN FIRE INSURANCE CO. 



Railroad Bonds. 
Albany & Susquehanna 3.1s, 1946, . 
Florida Southern 4s, 1945," .... 
Mo., Kan. & Texas 1st mortgage 4s, 1990, 
Mobile & Ohio (St. Louis & Cairo Div.) 4s, 1930, 
Southern (Mobile & Ohio Col.) 4s, 1938, 
Wabash 4>,s, 1910, 

Miscellaneous Bonds. 
Consolidated Indiana Coal Co. 5s, 1935, 
New York & Westchester Lighting Co. 4s, 2004, 



Book Value. 


Rate. 


Market Value. 


$2,010 25 
16,660 00 
15,206 25 
15,037 50 
7,810 00 
24,671 87 


117 
99 
99 
92 
96 
98 


$2,340 00 
16,830 00 
14,850 00 
13,800 00 
7,680 00 
24,500 00 


24,781 25 
22,875 00 


96 

92 


24,000 00 
23,000 00 


$860,464 62 




$867,543 75 



EASTERN FIRE INSURANCE COMPANY, ATLANTIC CITY, N. J. 

Incorporated Oct. 4, 1902. Commenced business Oct. 21, 1902. 

Paid-up Capital, $200,000. 

ARVINE H. PHILLIPS, President. J. HAINES LIPPINCOTT, Secretary. 

Home Office, Corner Atlantic and North Carolina Avenues. 

Income. 



Net fire premiums, 

Interest on mortgage loans, $9,874.71; collaterals, $1,329.01; 
bonds, $4,791.24; all other, $ 3 14. 10 

Total income, 

Ledger assets, Dec. 31, 1904, 

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, 

Advertising, 

Printing and stationeiy, 

Furniture and fixtures, . 

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, $3,916.28; bonds, $2,343.75 ; other assets, $434.01, 
Market value of bonds over book value, ...... 

(iross assets, 



$186,642 91 

16,309 06 

1202,951 97 
407,084 38 

$610,036 35 



$78,017 58 

18,000 00 

53,898 49 

4,165 00 

475 00 

1,175 67 

616 05 

726 84 

635 26 

3,214 97 

$160,924 86 

$449,111 49 



$193,550 00 

20,500 00 

151,250 00 

36,193 17 

47,618 32 

$449,111 49 



6,694 04 
378 75 

$456,184 28 



EASTERN FIRE INSURANCE CO. 



177 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $104,397.45 ; plus same 

on disallowed reinsurance, $616.63, 

Commissions and other charges due agents and brokers, 

Due for reinsurance premiums, 

Contingent commissions, 

Miscellaneous, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$313,905 35 



$18,240 90 

105,014 08 

14,484 97 

1,291 23 

3,235 00 

12 75 

$142,278 93 

200,000 00 
113,905 35 



Total liabilities, $456,184 28 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. $8,486,247 00 
. 17,064,902 00 

.$25,551,149 00 
. 11,187,276 00 

.$14,363,873 00 
457,446 00 



Premiums. 

$126,780 40 
233,477 58 

$360,257 98 
157,433 76 

$202,824 22 
7,416 37 



.$13,906,427 00 $195,407 85 



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 (9 per cent.), 
Company's stock owned by directors, 



Schedule A. Securities held as Collateral. 



$378,915 00 
116,186 00 
77,417 00 
42,000 00 
18,000 00 
45,433 00 



50 shares Marine Trust Co., Atlantic City, N. J., 
200 " W. Jersey Title & Guaranty Co., 
13 " Second National Bank, .... 
27 " Atlantic Safe Deposit & Trust Co., 



Company's 
Market Value. 

$7,500 00 
21,000 00 
3,900 00 ) 
8,100 00 J 



Loaned 
Thereon. 

$5,000 00 
10,000 00 

5,500 00 



,$40,500 00 $20,500 00 



Schedule B. Bonds owned by the Company. 



Mimic/pal Bonds. 
Essex County, N. J , 4s, 1924, 
Hudson County, N. J., 4s, 1924, 
Atlantic City, N. J., 4s, 1921, 
Atlantic City, N. J., 4s, 1908, 
Atlantic City, N. J., 4s, 1909, 
Jersey City, N. J., 5s, 1908, . 
Jersey City, N. J., 5s, 1909, . 
Jersey City, N. J., 5s, 1912, . 
Pleasantville, N. J., School Dist. 4s, 1907, 
Pleasantville, N. J., School Dist. 4s, 1912, 
Pleasantville, N. J., School Dist. 4s, 1917, 
Pleasantville, N. J., School Dist. 4s, 1922, 



Book Value. 

$10,000 00 
10,000 00 
52,750 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
7,500 00 



Kate. 
105} 

1031 
102] 
100} 

ioo : \ 

102^ 

103 

106 

100 

100 

100 

100 



Market Value. 

$10,525 00 

10,325 00 

51,125 00 

5,018 75 

5,025 00 

5,100 00 

5,150 00 

5,300 00 

5,000 00 

5,000 00 

5,000 00 

7,500 00 



178 



EMPIRE CITY FIRE INSURANCE CO. 



Railroad Bonds. 
Altoona & Logan Valley Electric 4^s, 1933, 
Camden & Suburban 5s, 1946, 
Toledo Railway & Terminal 4^s, 1954, . 



Book Value. 

$10,000 00 

11,000 00 

10,000 00 

$151,250 00 



Kate. 

94 
106 
105 



Market Value. 
$9,400 00 
11,660 00 
10,500 00 

$151,628 75 



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, 95 William Street. 



Income. 

Net fire premiums, 
Interest on mortgage loans, $137.50; stocks and bonds, 
all other, $436.08, . 



Total income, 



Ledger assets, Dec. 31, 1904, 
Total, .... 



Disbursements. 



Net amount paid for fire losses, 

Commissions or brokerage, 

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

Rents, 

Taxes and fees, . 

All other disbursements, . 

Total disbursements, . 

Balance, 



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



Ledger Assets. 



Total ledger assets, 



Non-Ledger Assets. 
Due from other companies for reinsurance, 

Gross assets, ....... 

Assets not admitted. 
Book value of stocks and bonds over market value, . 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $161,809.11 ; 
on disallowed reinsurance, $1,552.53, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, 



,580.85 



same 



plus 

$267,820 00 



$329,686 84 

10,154 43 

$339,841 27 
357,827 60 

$697,668 87 



$130,121 20 

86,331 13 

10,834 88 

2,758 36 

2,037 40 

6,968 65 

$239,051 62 

$158,617 25 



$5,500 00 

338,373 47 

58,538 91 

56,204 87 

$158,617 25 

1,011 11 

$459,628 36 

5,579 72 
$454,048 64 

$22,867 00 

163,361 64 

$186,228 64 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



179 



Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



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, 



$18,270,037 00 
32,558,624 00 



1200,000 00 
67,820 00 

$454,048 64 



Premiums. 

|227,743 87 
414,012 25 



$50,828,661 00 
24,939,684 00 



1,756 12 
297,271 52 



$25,888,977 00 $344,484 60 
1,655,350 00 25,166 55 



$24,233,627 00 $319,318 05 



55,014,637 

2,282,437 

137,058 

939,000 

70,000 



00 
00 
00 
00 
00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

100 shares Pennsylvania, 

Bank Stocks. 
50 shares American Ex. National, New York, N. Y., 

Miscellaneous Stocks. 
50 shares Consolidated Gas Co., New York, 
5 " Underwriters' Salvage Co., . 

Municipal Bonds. 

New York, N. Y., 34s, 1940, 

New York, N.Y., 3is, 1928, 

New York, N. Y., 3|s, 1954, 

New York, N. Y., 3s, 1914, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mort. 4s, 1995, 

Chesapeake & Ohio 4^s, 1992 

Erie (Pennsylvania Col ) 4s, 1951, 
Lake Shore & Michigan Southern 3^, 1997, . 
Lake Shore & Michigan Southern 4s, 1928, . 
Reading Co. & Phila. & Read. Coal & Iron 4s, 1997, 



Book Value. 
$7,075 00 



Bate. Market Value. 
143| $7,181 25 



8,737 50 265 



9,168 75 
500 00 

118,593 75 
91,912 50 
20,618 47 
20,000 00 

10,387 50 
10,912 50 
9,512 50 
10,280 00 
10,300 00 
10,375 00 

$338,373 47 



186| 
100 

99 
99i 
100 
95| 



1U±£ 

106i 
93^ 
99| 
991 

101S 



13,250 00 

9,337 50 
500 00 

113,850 00 
89,325 00 
20,000 00 
19,150 00 

10,187 50 

10,650 00 

9,300 00 

9,975 00 

9,950 00 

10,137 50 

$332,793 75 



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 Weybosset Street. 

Income. 

Net premiums, $271,588 98 

Interest on stocks and bonds, $9,491.50; all other, $1,619.33, . . 11,110 83 

Profit on sale or maturity of stocks, 4,972 50 



Total income, 
Ledger assets, Dec. 31, 1904, 



$287,672 31 
273,612 88 



Total, $561,285 19 



180 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



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, 



Total disbursements, 
Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), . . . 

Cash in banks, 

Premiums in course of collection, 

Town of Barrington note, 



Total ledger assets, 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, . 
Market value of stocks and bonds over book value, 



Gross assets, 

Assets not admitted 
Dividends not declared or guaranteed, 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 



All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums 



$ 14,292 43 
217,656 83 
4,550 05 
1,267 76 
4,663 27 
3,997 11 

$246,427 45 

$314,857 74 



$256,035 02 

49,773 35 

7,049 37 

2,000 00 

$314,857 74 



2,719 53 
14,525 98 

$332,103 25 



833 33 

$331,269 92 

$783 57 

132,959 80 

4,653 26 

$138,396 63 

192,873 29 

$331,269 92 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $27,521,491 00 
. 35,238,358 00 

. $62,759,849 00 
. 30,268,791 00 

. $32,491,058 00 
Miscellaneous. 



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

$228,483 90 $1,142,419 50 
286,102 79 1,430,513 95 



$514,586 69 $2,572,933 45 
248,667 08 1,243,335 40 



Losses incurred during the year, .... 
Profits or surplus returned during 1905, 93.13 per cent 



$265,919 61 $1,329,598 05 
. ' . . $14,734 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
200 shares Chicago-Gt. Western debenture, . 
100 " Cleveland & Pittsburgh, 

100 " Illinois Central, 

40 " Illinois Central, leased lines, 



Book Value. 


Kate. 


Market Value. 


$17,612 50 

9,550 00 

14,722 50 

4,200 00 


86 
182 
176i 
103* 


$17,200 00 

0,100 00 

17,525 00 

4,140 00 



EQUITABLE FIRE AND MARINE INSURANCE CO. 181 



Book Value. Rate. Market Value. 

200 shares Manhattan, $31,337 50 162| $32,450 00 

100 " Minn., St. Paul & St. Ste. Marie, preferred, 15,862 50 172 17,200 00 

130 " Morris & Essex, 

100 M New York, New Haven & Hartford, . 

127 " Old Colony 

500 " Pennsylvania, 

100 " Pittsburgh, Bessemer, Lake Erie, preferred, 

200 " Union Pacific, preferred, 

105 " West End Street, 

Municipal Bonds. 

Boston, Mass., 4s, 1910, 

Boston, Mass., 34s, 1930, 

Providence, R. I., 4s, 1925 

Railroad Bonds. 
N. Y., New Haven & Hartford 3|s, 1956, . . . 4,031 67 117| 4,700 00 



11,395 00 188 12,220 00 

18,263 35 196i 19,625 00 

23,495 00 208 26,416 00 

31,890 00 143| 35,906 25 

7,700 00 148 7,400 00 

19,625 00 99^ 19,900 00 

9,850 00 199 10,447 50 

10,000 00 101 1 10,187 50 

10,000 00 100 10,000 00 

16,500 00 107f 16,143 75 



$256,035 02 $270,561 00 



EQUITABLE FIRE AND MARINE INSURANCE COMPANY, 

PROVIDENCE, R. I. 

Incorporated May, 1859. Commenced business September, 1860. 

Paid-up Capital, $400,000. 

FRED. W. ARNOLD, President. SAMUEL G. HOWE, Secretary. 

Home Office, 1 Custom House Street. 

Income. 

Net fire premiums, $804,578.58; marine, $20,475.93, . . . $825,054 51 
Interest on mortgage loans, $8,896.93 ; collaterals, $394.90 ; stocks 

and bonds, $29,770; all other, $690.74, 39,752 57 

Rents 4,296 20 

Profit on sale or maturity of ledger assets, 5,508 42 

Profit and loss, . 335 98 

Total income, $874,947 68 

Ledger assets, Dec. 31, 1904, 1,143,230 12 

Total, $2,018,177 80 

Disbursements. 

Net amount paid for fire losses, $444,926.65 ; marine, $20,059.65, . $464,986 30 

Interest and dividends to stockholders, 28,000 00 

Commissions or brokerage, 177,144 70 

Salaries, fees, etc., of officers and employees, 53,927 84 

Repairs and expenses on real estate, 4,469 80 

Real estate taxes, $1,967. 13 ; other taxes and fees, $24,835.96, . 26,803 09 

Reduction in book value of real estate, 5,021 76 

Profit and loss, 6,291 54 

All other disbursements, 55,354 77 



Total disbursements, $821,999 80 



Balance, $1,196,178 00 

Ledger Assets. 

Real estate, $113,000; mortgages, $164,150, $277,150 00 

Loans secured by collateral (Schedule A), 60,000 00 

Stocks and bonds (Schedule B), 646,575 00 

Cash in banks and ofl&ce, 71,248 02 



182 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Agents' balances, 

Bills receivable, not matured, 



$ 140,865 68 
339 30 



Total ledger assets, $1,196,178 00 



Non-Ledger Assets. 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, . 



Gross assets,* 



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



804 17 

104,061 88 

.,301,044 05 

2,806 79 



Total admitted assets, $1,298,237 26 



Liabilities. 

Unpaid losses, including $1,226.43 resisted, $ 65,834. 58; less re- 
insurance, $272.09, 

Unearned premiums on outstanding risks, 

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, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total, ... . . 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



Miscellaneous 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 



$167,490,990 00 
69,362,193 00 



,651 89 



$93,710,169 00 
73,780,821 00 



,128,797 00 
3,745,972 00 



$65,562 49 

609,022 88 

5,000 00 

15,000 00 

$694,585 37 

400,000 00 
203,651 89 

$1,298,237 26 



Premiums. 

;l, 190,576 97 
989,301 85 

12,179,878 82 
962,835 18 

1,217,043 64 
46,814 72 



$94,382,825 00 $1,170,228 92 

$251,731 00 $16,344 12 

1,422,228 00 22,381 10 

$38,725 22 

22,914 91 

$15,810 31 

679 50 



$1,673,959 00 
1,440,838 00 



$233,121 00 
7,600 00 



$225,521 00 $15,130 81 



,842,855 00 

6,490,382 00 

434,801 00 



* Including $70,000 special reserve held under Rhode Island law. 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



183 



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, 

Schedule A. Securities held as Collateral. 



$10,727 00 

809,500 00 

28,000 00 

75,500 00 



127 shares American Screw Co., Providence, 

101 " Narragansett Electric Light Co., . 
60 " Nicholson File Co., Providence, . 

100 " Narragansett Electric Light Co., 
25 " Narragansett Electric Light Co. , 
70 " Narragansett Electric Light Co., 

Rhode Island Suburban R.R. 4s, 1950, . 



debenture, 
debenture, 



Company's 
Market Value. 

$15,875 00 ) 
10,302 00 \ 
10,800 00 ) 
10,200 00 
2,437 50 
6,825 00 
21,360 00 



Loaned 
Thereon. 



$25,000 00 

10,000 00 
25,000 00 



$77,799 50 $60,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Chicago Great Western debenture, 

320 " Illinois Central, 

265 " New York Central & Hudson River, . 
400 " N. Y., New Haven & Hartford, rights, 

400 " Pennsylvania, 

50 " Worcester Railways & Investment Co., 

Bank Stocks. 
30 shares Industrial Trust Co., Providence, R. I., 
300 " Nat'l Bank of Commerce, Providence, R. I 
500 " Old National, Providence, R. I., . 

Miscellaneous Stocks. 
300 shares Narragansett Electric Lighting Co., . 
600 " Providence Gas Co., 
125 " Providence Telephone Co., . 
5 " Underwriter's Salvage Corps, 
50 " Wells, Fargo & Co., .... 

Government Bonds. 
Japan 4|s, 1925, 

State and Municipal Bonds. 

Massachusetts 3s, 1941, 

Massachusetts 3s, 1941, 

Boston, Mass., 4s, 1915, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1908, 
Baltimore & Ohio (Southwestern Div.) 3|s, 1925, 
Bridgeport Traction 5s, 1923, . . . 

Central of New Jersey Car Equip. 4s, 1913, . 
Chicago, Burlington & Quincy 3|s, 1949, 
Chicago, Alton Equipment Asso!^ 5s, 1908, . 
Columbus, Ohio, Street 5s, 1932, . . 

Detroit Electric 5s, 1916, 

East St. Louis & Suburban 5s, 1932, 

Georgia R'y & Electric 5s, 1932, .... 

Lehigh Vailey Terminal 5s, 1941, .... 

Milwaukee City 5s, 1908, 

Milwaukee Electric R'y & Light Co. 5s, 1926, 

Missouri Pacific Equipment Asso. 5s, 1913, . 

N. Y. Central & Hudson River 3^s, 1998, 

North Chicago Street 4is, 1931, . 

North. Pac.-Gt. Nor. (C., B. & Q. Col.) 4is, 1921, 

Pennsylvania Steel Equipment Trust 3is, 1907, . 

Rhode Island and Suburban 4s, 1950, . 

United Traction & Electric Co., Providence, 5s, 1933, 

Utica & Mohawk Valley Street Us, 1941, 

Miscellaneous Bonds. 
Cincinnati Edison Electric Co. 5s, 1917, 

Detroit Edison Co. 5s, 1933, 

Grand Rapids Gas Light Co. 5s, 1915, . 

Metro. Water Works Co. (Kansas City Plant) 4s, 1919, 



Book Value. 

$10,000 00 

32,000 00 

26,500 00 

2,075 00 

20,000 00 

5,000 00 

7,500 00 
15,000 00 
50,000 00 

15,000 00 
30,000 00 

6,250 00 
500 00 

5,000 00 

9,750 00 

50,000 00 
25,000 00 
25,000 00 

10,000 00 
20,000 00 

5,000 00 
10,000 00 

3,000 00 
10,000 00 

5,000 00 

5,000 00 
10,000 00 

5,000 00 
10,000 00 

5,000 00 
20,000 00 
10,000 00 
12,000 00 

5,000 00 
50,000 00 
20,000 00 
15,000 00 
10,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

7,000 00 



Rate. 

86 

175} 

153& 

5 

143| 

90 

275 
120 
100 

203 
206 
230 
100 
235 

91 

94| 

94| 

103& 

99 

112 

98} 
94| 
100 
107} 
103 
102 
1021 
118* 
100 ^ 
108 
103 
88i 

mi 

99 

92 

1101 
103 

109 

100 

102 

50 



Market Value. 
$8,600 00 
56,080 00 
40,578 13 

2,000 00 
28,725 00 

4,500 00 

8,250 00 
18,000 00 
50,000 00 

30,450 00 
61,800 00 
14,375 00 
500 00 
11,750 00 

8,872 50 

47,375 00 
23,687 50 
25,968 75 

9,900 00 
18,250 00 

5,600 00 

9,825 00 

2,842 50 
10,000 00 

5,362 50 

5,150 00 
10,200 00 

5,125 00 
11,850 00 

5,000 00 
21,600 00 
10,300 00 
10,620 00 

3,600 00 
49,937 50 
19,800 00 
13,800 00 
11,050 00 

5,150 00 

5,450 00 

10,000 00 

5,100 00 

3,500 00 



184 



THE FARMERS' FIRE INSURANCE CO. 



Pawtucket Electric Co. 5s, 1916, .... 
Pawtuxet Valley Water Co. 5s, 1907, . 

Union Steel Co. 5s, 1952, 

United Electric Light & Power Co., Bait., 4|s, 1929, 
Utica Electric Light & Power Co. 5s, 1950, . 



Book Value. 

. $10,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 


Rate. 

103 

100 
983 
96| 

104 


Market Value. 

$10,300 00 

10,000 00 

4,937 50 

9,675 00 

5,200 00 


$646,575 00 


$750,636 88 



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, $ 509,998 17 

Interest on mortgage loans, $ 9,086. 21 ; collaterals, $2,894.16 ; stocks 

and bonds, $17,425.88; all other, $1,123.61, 30,529 86 



Rents, including company's own occupancy, 

Discounts, 

Profit and loss, .. 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



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, $518.82 ; other taxes and fees, $ 10,823 

Adjusting, ..... 

Taxes on mortgage and judgments, 

Attorney's fees, .... 

General office expenses, 

Fire patrol, 

Local board, .... 

Profit and loss, .... 
All other disbursements, 



Total disbursements, 
Balance, 



15, 



Ledger Assets. 



Real estate, $ 11,500; mortgages, $192,111.52, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents' balances, ..... 



2,339 00 

1,144 20 

26 00 



$544,037 23 
738,819 85 



$1,282,857 08 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $6,355.78; stocks and bonds, $1,658.74 ; collateral 

loans, $4,665.71, 

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

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



$268,074 28 

119,659 38 

33,971 

1,800 

11,341 

13,129 

891 

2,196 

12,264 

1,918 

6,217 

809 

25 



68 
00 
97 
52 
39 
07 
08 
05 
39 
10 
69 



$472,298 60 



$810,558 48 



$233,611 52 

78,500 00 

316,315 33 

126,707 43 

55,424 20 



,558 48 



12,680 23 

195 80 

102,725 73 



Gross assets, 



$926,160 24 



THE FARMERS' FIRE INSURANCE CO. 



185 



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

Total admitted assets 

Liabilities. 

Unpaid losses, including $12,465 resisted, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Taxes (estimated), 



All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, , 



$130,125 00 



Perpetual risks in force (not included above), 

Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 

Schedule A. Securities held as Collateral. 



$70,663,886 00 
43,125,338 00 



$113,789,224 00 
42,303,301 00 



,485,923 00 
544,280 00 



$4,018 96 
$922,141 28 



$50,630 50 

445,623 15 

3,749 69 

5,000 00 

$505,003 34 
417,137 94 

$922,141 28 



Premiums. 

$884,104 96 
562,269 22 

1,446,374 18 
555,259 61 



1,114 57 
5,668 11 



,941,643 00 $885,446 46 



5,947 04 



$11,855,329 00 

. 7,917,382 00 

270,575 00 



66 shares First National Bank, York, Pa., . 
Middletown & Swatara Water Co. 5s, 1922, . 
Middletown & Swatara Water Co. 5s, 1922, . 

51 shares York Water Co., 

60 

90 
200 
200 

50. 

50 

20 

10 



York Water Co., 

First National Bank, Wrightsville, Pa. 

York Gas Co., 

York Gas Co., 

Netherlands Tramway Corporation, preferred, 

Netherlands Tramway Corporation, common, 

York Trust Co., 

Western National Bank, York, Pa., 



Company's 
Market Value. 

$13,860 00 

11,000 00 

16,500 00 

1,938 00 

2,280 00 

13,050 00 

18,500 00 

18,500 00 

5,000 00 

5,000 00 

1,600 00 

1,500 00 



Loaned 
Thereon. 

$18,000 00 

15,000 00 

1,500 00 

600 00 

1,000 00 

13,000 00 

12,000 00 

6,000 00 

1,200 00 
1,200 00 



$108,728 00 $69,500 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
333 shares Pennsylvania, 

Bank Stocks. 
12 shares Farmers' National, York, Pa., 
75 " First National, York, Pa., . 
558 " Guardian Trust Co., York, Pa., 
666 " York National, Pa., . 
50 ' York Co. National, York, Pa., 



Book Value. 
$18,228 42 

1,615 00 
13,615 00 
16,457 64 
30,408 55 

2,130 00 



Kate. 
143| 

176 
213 
108 
204 
230 



Market Value. 
$23,913 56 

2,112 00 

15,975 00 

15,066 00 

33,966 00 

2,300 00 



186 FEDERAL INSURANCE CO. 



Miscellaneous Stocks. 
3,410 shares York Water Co., Pa., 
357 " York Gas Co., Pa., . 

Government Bonds. 
United States 4s, 1907, .... 

Railroad Bonds. 
Lehigh Valley 4is, 1923, 
Lehigh Valley 4s, 2003, .... 
Lehigh Valley Coal 5s, 1933, . 
Northern Central 4|s, 1925, . 
Philadelphia & Erie 5s, 1920, 
Potomac Valley 5s, 1941, 
Sham., Sun. & Lewishurg 5s, 1912, 

Miscellaneous Bonds, 
Central Market House, York, Pa., 4s, 1907, 
York Felt & Paper Co., York, Pa., 5s, 1916, 



Book Value 


Kate. 


Market Value. 


$82,999 40 
16,932 54 


184 
196 


$154,860 00 
34,986 00 


39,771 88 


102 


35,700 00 


15,337 50 
9,971 90 

10,300 00 
8,640 00 

15,907 50 
9,250 00 
9,750 00 


107 
98 

1111 

110 

117 

lUh 

105| 


16,050 00 
9,800 00 
11,162 50 
8,800 00 
17,550 00 
11,450 00 
10,575 00 


10,000 00 
5,000 00 


99 

97h 


9,900 00 
4,875 00 


$316,315 33 


$419,041 06 



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, |355,419.56; marine, $786,053.57, . . .$1,141,473 13 
Interest on mortgage loans, $1,350 ; stocks and bonds, $58,505.18 ; 

all other, $4,971.78, 64,826 96 

From all other sources, 656 88 



Total income $1,206,956 97 

Ledger assets, Dec. 31, 1904, 2,079,195 56 



Total, $3,286,152 53 

Disbursements. 

Net amount paid for fire losses, $148,873.57 ; marine, $470,929.58, $619,803 15 

Interest and dividends to stockholders, ...... 50,000 00 

Commissions or brokerage, ........ 255,817 37 

Salaries, fees, etc., of officers and employees, 66,362 16 

Taxes and fees, 24,352 31 

Loss on sale or maturity of ledger assets, 6,325 00 

Stationery and printing, . 3,441 52 

Advertising, 712 67 

Maps 2,917 53 

All other disbursements, 22,252 05 



Total disbursements, $1,051,983 76 

Balance, $2,234,168 77 

Ledger Assets. 



Mortgages, . 

Stocks and bonds (Schedule A), 

Cash in banks, 

Agents' balances, 

Deposit with Philadelphia Underwriters 1 Association, 



$30,000 00 

1,486,505 57 

450,266 60 

267,296 60 

100 00 



Total ledger assets $2,234,168 77 



FEDERAL INSURANCE CO. 



187 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, |112.50 ; stocks and bonds, $17,005.79 ; other assets, 
$4,346.72, • 



Gross assets, 



$21,465 01 

$2,255,633 78 



Assets not admitted. 

Agents' balances over three months due, . . . $24,047 53 

Book value of stocks and bonds over market value, . 34,066 57 

Deposit with Philadelphia Underwriters 1 Association, 100 00 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, $282,342.66 ; less reinsurance, $12,912, 

Unearned premiums on outstanding risks, $349,160.46 ; plus same 

on disallowed reinsurance, 117,409.61, 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, . 

Due for reinsurance premiums, 

Reserve for contingencies, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



,305,113 08 



58,214 10 
1,197,419 68 



$269,430 56 

366,570 07 
17,622 74 
23,740 12 
39,943 11 

175,000 00 

$892,306 60 

500,000 00 
805,113 08 



Total liabilities, $2,197,419 68 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 



Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 



Total 

Risks expired and terminated, 



In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$27,503,159 00 
. 39,648,234 00 



. $67,151,393 00 
. 28,833,071 00 

.$38,318,322 00 
. 4,979,915 00 



Premiums. 

$362,250 45 
503,928 64 

$866,179 09 
377,268 79 

$488,910 30 
63,977 45 



. $33,338,407 00 $424,932 85 



. $77,976,397 00 

743,381,540 00 

$821,357,937 00 

. 782,490,585 00 

. $38,867,352 00 

. 5,343,670 00 



$278,053 11 
1,963,486 19 

?2,241,539 30 
2,084,507 71 

$157,031 59 
22,478 87 



$33,523,682 00 $134,552 72 



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, . 



53,881,328 00 

1,830,016 00 
151,231 00 
488,711 00 



188 



FEDERAL INSURANCE CO. 



Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, 



$200,000 00 

50,000 00 

162,900 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Consolidated Traction Co., N. J., 

Miscellaneous Stocks. 
Atlantic Mutual Insurance Co. scrip of 1903, 
334 shares New York & New Jersey Tel. Co., 
4 " Pacific Coast Salvage Association, 
10 " Underwriters' Salvage Co., New York, 

County and Municipal Bonds. 
Essex County, New Jersey, 4s, 1924, 
Hudson County, New Jersey, 4s, 1924, . 
Passaic County, New Jersey, 4s, 1922, . 
East Orange, N. J., 4s, 1933, . 
Elizabeth, N. J., 4s, 1922, 
Englewood, N. J., 4s, 1935, . 
Jersey City, N. J., 5s, 1916, . 
Jersey City, N. J., 5s, 1922, . 
Jersey City, N. J., 5s, 1923, . 
New York, N. Y., 3^s, 1948, . 

Railroad Bonds. 
Baltimore & Ohio prior lien 3!s, 1925, . 
Central of New Jersey 5s, 1987, 
Central of New Jer. (Am. Dock & Imp. Co.) 5s, 1921 
Chicago & Alton 3s, 1949, 
Chicago & Alton 3|s, 1950, . 

Chic, Indianap. & St. Louis (Short Line) 4s, 1953, 
Choctaw & Memphis 5s, 1949, 
Consolidated Traction Co., N. J., 5s, 1933, 
Easton & Amboy 5s, 1920, . 
East Tennessee, Virginia & Georgia 5s, 1956 
Elgin, Joliet & Eastern 5s, 1941, . 
Elizabeth, Plainfield & Central Jersey St. 5s, 1950, 
Erie (Long Dock Division) 6s, 1935, 
Flint & Pere Marquette 6s, 1920, . 
Illinois Central 3|s, 1951, 
Kansas City Southern 3s, 1950, 
Kentucky Central 4s, 1987, . 
Lehigh Valley Terminal 5s, 1941, . 
Midland of New Jersey 6s, 1910, . 
Mobile & Ohio 1st mortgage 6s, 1927, . 
Newark Passenger 5s, 1930, . 
N. Y. Central & Hudson P-iver 3is, 1997, 
New York, Chicago & St. Louis 4s, 1937, 
N. Y., Lake Erie & Western Dock & Imp. 6s, 1913, 
N. Y., Philadelphia & Norfolk 4s, 1939, 
N. Y., Susquehanna & Western 5s, 1937, 
Northern Pacific 3s, 2047, 
Northern Pacific 3s, 2047, 
North Jersey Street 4s, 1948, . 
Paterson Extension 6s, 1910, . 
Pennsylvania convertible 3^s, 1912, 
Peoria & Eastern 4s, 1940, . 
Port Reading 5s, 1941, .... 
St. Joseph R'y, Light, Heat & Power 5s, 1937, 
Terminal Association, St. Louis, 4s, 1953, 

Third Avenue 4s, 2000 

Toledo & Ohio Central 1st mortgage 5s, 1935, 

Miscellaneous Bonds. 
American Cereal Co. 6s, 1911, ..... 
Edison Electric Illuminating Co., New York, 5s, 1910, 
Edison Electric Illuminating Co., New York, 5s, 1995, 
Gas & Electric Co., Bergen County, N. J., 5s, 1949, 
Kings County Electric Light & Power Co. 6s, 1997, 
National Starch Manufacturing Co. 6s, 1920, 
Newark Consolidated Gas Co. 5s, 1948, . 
N. Y. Gas & Elec. Light, Heat & Power Co. 4s, 1949, 
New York & New Jersey Telephone Co. 5s, 1920, 



Book Value. 
$6,812 50 

510 61 

47,769 50 

500 00 

1,000 00 

26,437 50 

51.875 00 
26,125 00 
15,862 50 
50,375 00 
26,218 75 
63,431 00 
13,541 67 
12,454 44 

217,285 00 

18,533 53 
13,000 00 
21,618 47 
21,172 35 
7,971 39 
9,975 00 
11,575 00 
27,375 00 
34,950 00 
11,813 89 
11,525 00 
25,250 00 
27,021 00 
12,082 00 
14,625 00 
7,240 00 
10,011 11 
11,850 00 
29,406 25 

12.876 67 
29,507 50 
14,217 75 
21,435 56 
29,633 34 
10,062 50 
58,624 99 

7,714 17 

7,443 33 

8,150 00 

39,051 25 

23,654 24 

19,688 06 

3,445 00 

9,500 00 

10,000 00 

9,452 50 

11,597 22 

19,986 66 
15,525 00 
11,950 00 
25,062 50 
24,661 67 
10,676 67 
26,500 00 
9,551 11 
29,774 70 



Kate. 
82 

108 

156 

50 

100 

105;| 
103J 
104| 
1041 
100" 
102 
109 
113 
113| 
99 

94| 
131| 
111} 

81} 

78^ 

99 
116| 
107 
109 
118^ 
117! 

99 
133 
114 
100 

721 

99 
118! 
107 
126! 

112* 

103 
112! 
102 
1141 

76| 

76| 

77 

106i 
102J 

99* 
112§ 
10l| 
100 

92 
116 

101 
101 
119 
100 
121 

85 
111 

89 
105 



Market Value. 
$8,200 00 

540 00 

52,104 00 

500 00 

1,000 00 

26,312 50 
51,625 00 
26,187 50 
15,675 00 
50,000 00 
25,500 00 
59,950 00 
13,560 00 
12,485 00 
198,000 00 

18,850 00 

13,175 00 

21,137 50 

20,375 00 

7,825 00 

9,900 00 

11,650 00 

26,750 00 

32,700 00 

11,825 00 

11,750 00 

24,750 00 

26,600 00 

11,400 00 

15,000 00 

7,237 50 

9,900 00 

11,850 00 

26,750 00 

12,650 00 

28,125 00 

14,718 75 

20,600 00 

28,125 00 

10,200 00 

57,187 50 

7,662 50 

7,662 50 

7,700 00 

37,275 00 

25,718 75 

19,900 00 

3,375 00 

10,175 00 

10,000 00 

9,200 00 

11,600 00 

20,200 00 
15,150 00 
11,900 00 
25,000 00 
24,200 00 

8,500 00 
27,750 00 

8,900 00 
27,300 00 



FIRE ASSOCIATION OF PHILADELPHIA. 



189 



Sloss Iron & Steel Co. 4^s, 1918, . 
Syracuse Lighting Co. 5s, 1951, 
Trenton Gas & Electric Co. 5s, 1949, 
Western Union Telegraph Co. 5s, 1938, 
Western Union Telegraph Co. 4|s f 1950, 
Washington Water Power Co. 5s, 1929, 



Book Value. 


Kate. 


Market Value. 


$4,747 50 


93 


$4,650 00 


9,600 00 


106 


10,600 00 


53,000 00 


108 


54,000 00 


38, ... 11,247 22 


106^ 


10,650 00 


950, . . . 10,375 00 


104 


10,400 00 


29, ... 10,600 00 


103 


10,300 00 


$1,486,505 57 




$1,452,439 0G 



FIRE ASSOCIATION OF PHILADELPHIA, PHILADELPHIA, PA. 

Incorporated March 27, 182C. Commenced business Sept. 1, 1S17. 

Paid-up Capital, $500,000. 
E. C. IRVIN, President. M. G. GARR1GUES, Secretary 

Home Office, 407 Walnut Street. 

Income. 

Net fire premiums, . $3,762,406 01 

Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $59,091.17; collaterals, $3,45 
stocks and bonds, $183,442.75 ; all other, $4,094.21, . 

Rents, 

Profit on sale or maturity of ledger assets, 

Earned deposit premiums, 



6.67 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $7,586.77 ; other taxes and fees, $ 88,623. 29 
Loss on sale or maturity of ledger assets, .... 
Printing and stationery, ....... 

Profit and loss, 

Miscellaneous, 



Total disbursements, 
Balance, 



Ledger Assets. 
Real estate, $418,527.03 ; mortgages, $ 1,452,128.99, 
Loans secured by collateral (Schedule A), 
Stoeks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, ...... 

Total ledger assets, 



46,758 55 

250,084 80 

29,531 40 

3,609 72 

4,339 02 



$4,096,729 50 
6,257,032 97 

f 10,353,762 47 



$1,914,580 40 

73,023 70 

200,000 00 

955,817 31 

241,683 77 

10,359 80 

96,210 06 

2,041 25 

18,392 00 

3,304 11 

129,812 31 



$3,645,224 71 



1,708,537 76- 



$1,870,656 02 

159,800 00 

3,884,221 57 

259,026 24 

534,833 93 

16,718,537 76 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $25,142.89 ; stocks and bonds, $38,179.06 ; collateral 

loans, $408.43, 63,730 38 

Rents due and accrued on company's property, .... 2,000 85 



190 



FIRE ASSOCIATION OF PHILADELPHIA. 



Market value of real estate over book value, 
Market value of stocks and bonds over book value, 
Due from other companies for reinsurance, 



$572 97 

130,791 43 

2,862 53 



Gross assets, 



Assets not admitted. 

Company's stock owned, 

Special deposits less $78,655.45 liability thereon, 
Total unadmitted assets, 



512,400 00 
27,699 55 



908,495 89 



40,099 55 



Total admitted assets, $6,868,396 34 



Liabilities. 

Unpaid losses, including $39,774.66 resisted, $312,842.33; less re- 
insurance, $33,336.03, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, ..... 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



. $1,894,387 53 



$279,506 30 
2,936,237 37 
1,758,265 14 

$4,974,008 81 

500,000 00 
1,394,387 53 



Total liabilities, $6,868,396 34 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, 

Risks expired and terminated, . 



In force at end of year, 
Amount reinsured, 

Net amount in force, 



Perpetual risks in force (not included above), 



$502,479,657 00 

. 400,400,690 00 

$902,880,347 00 

. 390,567,797 00 

$512,312,550 00 

. 45,259,646 00 



Premiums. 

^6,239,215 34 
5,055,883 33 

11,295,098 67 
5,039,805 24 

16,255,293 43 
533,640 28 



$467,052,904 00 $5,721,653 15 
.$83,501,859 00]$1,919,094 44 



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, .... 

Schedule A. Securities held as Collateral. 



$70,887,665 00 

40,261,650 00 

1,897,230 00 

6,979,762 00 

200,000 00 

32,200 00 



Mortgages assigned, Syracuse, N. Y., . 
259 shares Merchants National, 
75 " United New Jersey R.R. & Canal Co. 
Diamond State Steel Co. 4s, 2,000, 
200 shares Union Pacific R.R., 
Rochester Railway & Lighting Co. 5s, 1954, 



Company's 
Market Value. 

$3,000 00 
38,073 00 
19,875 00 

7,700 00 
30,100 00 

2,070 00 



Loaned 
Thereon. 

82,800 00 
50,000 00 

25,000 00 



FIRE ASSOCIATION OF PHILADELPHIA. 



191 



400 shares Reading Co., 2d preferred, . 

50 " Lehigh Coal & Navigation Co., 
Pennsylvania R.R. 6s, 1910, . 
100 shares Union Pacific R.R., 
Rochester Railway & Lighting Co. 5s, 1954, 

20 shares Fidelity Trust Company, 



100 
25 
100 
300 
100 



Pennsylvania R.R., 

United Gas Improvement Co., 

Lehigh Coal & Navigation Co., 

Philadelphia Co., . 

International Smokeless Powder & Manufg. Co., 



Company's 


Loaned 


Market Value. 


Thereon. 


$19,400 00 ) 




5,850 00 } 


$25,000 00 


5,550 00 J 




15,050 00 


12,000 00 


1,035 00 ) 




14,300 00 1 
7,100 00 [ 
2,350 00 J 


20,000 00 




11,700 00 ) 




15,300 00 > 
3,200 00 \ 


25,000 00 





$201,653 00 $159,800 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 


Book Value. 


Rate. 


Market Value. 


70 shares Chestnut Hill, . 


$6,401 75 


150 


$5,250 00 


306 " Illinois Southern, 


7,650 00 


- 


- 


1,000 " Pennsylvania, 


68,687 50 


143| 


71,812 50 


331 " Philadelphia, Germantown & Norristown, 30,666 36 


338 


55,939 00 


500 " Philadelphia Traction, 


28,709 37 


201 


50,250 00 


Bank Stocks. 








150 shares Union National, Phila., Pa 


., 36,975 00 


235 


35,250 00 


Miscellaneous Stocks. 








700 shares Cambria Steel, . 


17,750 00 


62^ 


21,787 50 


31 " Fire Association, 


8,947 86 


810 


/ 12,555 00 


500 " General Asphalt Co. of Am 


er., preferred, . 67,577 50 


39 


19,500 00 


500 " Passaic Steel, 


. 


- 


_* 


'20 " Philadelphia Bourse, . 


1,000 00 


7 


70 00 


15 " Philadelphia Bourse, preferred, . . 375 00 


5 


18 75 


188 " Pike's Peak Hydro-Electric Co., 


- 


_* 


5 " Underwriters' Salvage Co., 


500 00 


100 


500 00 


25 " United Gas & Electric Co., 


preferred, 


90 


2,250 00 


12 " United Gas & Electric Co., 


common, 


30 


360 00 


State and Municipal Bonds. 






Georgia 4|s, 1911-1915, . 


26,875 00 j 


106i 

nil 


21,300 00 
5,575 00 


Birmingham, Ala., 6s, 1911, . 


17,758 25 


104* 


17,242 50 


Birmingham, Ala., 6s, 1922, . 


23,100 00 


noj 


22,150 00 


Birmingham, Ala., 5s, 1930, . 


32,200 00 


100 


30,000 00 


Duluth, Minn., 5s, 1926, 


109,996 25 


116| 


116,750 00 


Atlantic City, N. J., 5s, 1925, 


27,445 00 


111 


27,750 00 


Portland, Ore., 5s, 1922, 


16,950 00 


115i 


17,325 00 


Port of Portland, Ore., 5s, 1922, . 


41,325 00 


1121 


43,875 00 


Petersburg, Va., 5s, 1929, 


53,500 00 


114" 


57,000 00 


Richmond, Va., 4s, 1920-1929, 


64,663 00 


104 


68,224 00 


Richmond, Va., 6s, 1912, 


27,254 00 


1121 


23,962 50 


Tacoma, Wash., 5s, 1913, 


40,450 00 


106" 


42,400 00 


Railroad Bonds. 








Atchison, Topeka & Santa Fe' 4s, 1928, 


47,125 00 


98 


49,000 00 


Belt R.R. & Stock Yards 6s, 1911, 


52,500 00 


1081 


54,250 00 


Boston & Worcester Street 4is, 1923, 


50,250 00 


102" 


51,000 00 


Brooklyn Union Elevated 4s," 1950, 


60,300 00 


108J 


65,100 00 


Camden & Atlantic 5s, 1911, . 


31,425 00 


105| 


31,575 00 


Central of Georgia Consolidated 5s, 194 


5, . 45,543 75 


1121 


56,187 50 


Central of Georgia 4s, 1951, . 


45,000 00 


9.S 


46,500 00 


Chesapeake & Ohio 4is, 1992, 


84,277 50 


1061 


86,265 00 


Chesapeake & Ohio 4s, 1907, . 


48,205 00 


99" 


49,500 00 


Chicago, Rock Island & Pacific 4s, 198* 


5, 25,600 70 


103| 


25,937 50 


Cincinnati, Hamilton & Dayton 5s, 194 


2, . 20,200 00 


111 


22,200 00 


Cincinnati, Dayton & Ironton 5s, 1941, 


24,250 00 


113| 


28,343 75 


Cleveland Electric 5s, 1913, . 


60,512 50 


102 


61,200 00 


Cleveland, Lorain & Wheeling 5s, 1933 


53,750 00 


114 


57,000 00 


Connecticut R'y & Lighting 4^s, 1951, 


49,750 00 


100 


50,000 00 


Detroit, Rochester, Romeo & Lake Ori 


on 5s, 1920, . 52,875 00 


106 


53,000 00 


Detroit & Northwestern 4?>s, 1921, 


29,400 00 


98 


29,400 00 


Elmira Water, Light & R"R. Co. 5s, 19 


49, . . . 24,365 00 


100$ 


25,125 00 



* Value indeterminable. 



192 



FIRE ASSOCIATION OF PHILADELPHIA, 



Elmira, Courtland & Northern 5s, 1914, 

Erie general lien 4s, 1996, 

Erie Car Trust 44s, 1908, 

Evansville & Terre Haute 5s, 1942, 

Fairmount Park Transportation 5s, 1912, 

Fort Pitt Traction 5s, 1935, . 

Indianapolis Traction & Terminal 5s, 1933, 

Iron Mountain Car Trust 5s, 1905-1909, 

Lehigh Valley 6s, 1923, . 

Lehigh Valley 44s, 1923, 

Lehigh Valley Coal Co. 5s, 1933, . 

Louisville & Nashville 6s, 1930, . 

Lynn & Boston 5s, 1924, 

Metropolitan Cross-Town 5s, 1920, 

Minneap., Lyn. & Minnetonka & Minneap. St. 5s 

Missouri, Kansas & Oklahoma 5s, 1942, 

Missouri Pacific 5s, 1917, 

Newark Passenger 5s, 1930, . 

Northern Pacific 4s, 1997, 

Ohio River 5s, 1936 

Omaha & Council Bluffs Street 5s, 1928, 
Pennsylvania Steel Equipment Trust 3|s, 1906, 
Pennsylvania convertible 34s, 1912, 
People's Syracuse 5s, 1921, 
Philadelphia City Passenger 5s, 1910, 
Philadelphia & West Chester Traction 4s, 1954, 
Pittsburg, McKeesport & Greensburg 5s, 1931, 

Reading 4s, 1997, 

Seaboard Air Line 5s, 1911, .... 

Seaboard & Roanoke 5s, 1926, 

Southern Equipment Notes, 4s, 1907, 

St. Joseph R'y, Light, Heat & Power 5s, 1937, 

St. Louis & San Francisco equipment notes, 4s, 

St. Louis & San Francisco equipment notes, 4s, 

Terminal Association, St. Louis, 5s, 1944, 

Toledo Electric Street 5s, 1912, 

Toledo & Ohio Central (St. Mary's Div.) 4s, 1951 

Trenton Street 5s, 1938, . 

United 4s, 1949, .... 

United Traction, Pittsburgh, 5s, 1997, 

Wabash (Omaha Div.) 3^s, 1941, . 

West Pennsylvania 5s, 1931, . 

Wheeling 6s, 1922, 

Wheeling & Lake Erie Car Trust 44s, 1910, . 

Wheeling Traction 5s, 1931, . . " . 

Wilmington & Chester Traction 5s, 1918, 

Wilkinsburg & East Pittsburg Street 5s, 1929, 

Miscellaneous Bonds. 
Chicago Edison Co. 5s, 1926, .... 
Chicago Suburban Water & Light Co. 5s, 1949, 
Colorado Springs Electric 5s, 1920, 
Edison Electric Light Co., Phila., Pa., 5s, 1946, 
Harrisburg Light, Heat & Power Co. 5s, 1924, 
Laclede Gas Light Co. 5s, 1934, . 
Lehigh Coal & Navigation Co. 7s, 1911, 

Passaic Steel Co. 5s, 1951 

Philadelphia Company 5s, 1951, 

Pike's Peak Hydro-Electric Co. 5s, 1923, 

Trenton Gas & Electric Co. 5s, 1949, . 

United Gas & Electric Co. 5s, 1922, 

West Chester Lighting Co. 5s, 1950, 

Westinghouse Electric & Mfg. Co. 5s, 1913, . 



1919 



1912, 
1908, 



Book Value. 


Rate. 


Market Value. 


. $37,790 00 


104* 


$37,620 00 


44,625 00 


92" 


46,000 00 


25,000 00 


99 


24,750 00 


51,500 00 


108 


54,000 00 


52,537 50 


99 


49,500 00 


57,825 00 


112 


56,000 00 


24,250 00 


98 


24,500 00 


50,927 60 


1001 


50,250 00 


98,583 33 


125" 


125,000 00 


74,000 00 


107 


80,250 00 


26,850 00 


ml 


27,906 25 


54,600 00 


118| 


66,500 00 


51,125 00 


110 


55,000 00 


26,781 25 


1084 


27,125 00 


48,437 50 


107| 


53,750 00 


26,625 00 


1074 


26,875 00 


26,312 50 


103| 


25,968 75 


22,040 00 


112| 


24,750 00 


33,966 25 


104| 


35,445 00 


24,000 00 


115 


28,750 00 


48,625 00 


97 


48,500 00 


24,375 00 


99^ 


24,875 00 


48,000 00 


102J 


51,437 50 


13,920 00 


104 


13,520 00 


53,500 00 


1031 


51,875 00 


22,500 00 


93 


23,250 00 


23,250 00 


1014 


25,312 50 


43,212 50 


ioif 


50.687 50 


26,250 00 


101i 


25,375 00 


51,625 00 


1104 


55,250 00 


48,357 40 


99 


49,500 00 


50,562 50 


101| 


50,875 00 


23,940 00 


94| 


23,687 50 


23,625 00 


98 


24,500 00 


74,450 00 


122| 


92,062 50 


31,290 00 


1001 


30,150 00 


46,195 00 


96^ 


48,125 00 


19,000 00 


103 


20,600 00 


20,750 00 


84 


25,200 00 


49,750 00 


1104 


55,250 00 


21,875 00 


86" 


21,500 00 


25,000 00 


964 


24,125 00 


21,300 00 


110" 


22,000 00 


25,000 00 


100 


25,000 00 


49,500 00 


974 


48,750 00 


50,500 00 


102" 


51,000 00 


54,875 00 


lllf 


55,875 00 


52,250 00 


1034 


51,750 00 


25,000 00 


100" 


25,000 00 


45,000 00 


95 


47,500 00 


13,325 00 


1094 


14,235 00 


25,500 00 


92" 


23,000 00 


26,250 00 


104 


26,000 00 


102,856 95 


115^ 


115,250 00 


47,500 00 


50 


25,000 00 


26,000 00 


103^ 


25,875 00 


23,750 00 


- 


_* 


40,625 00 


108 


43,200 00 


- 


100 


2,500 00 


20,500 00 


108 


21,600 00 


24,575 00 


105 

\ 


25,200 00 


$3,884,221 57 


54,015,013 00 



* Value indeterminable. 



FIREMAN S FUND INSURANCE CO. 



193 



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. DUTTON, President. LOUIS WEINMANN, Secretary. 

Home Office, 401 California Street. 



Income. 

Net fire premiums, $3,202,772.46; marine, $ 7 18,707. 58, . 

Interest on mortgage loans, $13,260.75; collaterals, $18,968.04, 

stocks and bonds, $192,574.87 ; all other, $10,769.95, . 
Rents, including company's own occupancy, ...... 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1904, 



13,921,480 04 

235,573 61 
21,720 02 
12,323 75 

^,191,097 42 
6,199,095 04 



Total, 



Disbursements. 

Net amount paid for fire losses, $1,622,158.47 ; marine, $491,706.75, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

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

Rents, including company's own occupancy, 

Real estate taxes, $10,814.51 ; other taxes and fees, $81,407.29, 

Loss on sale or maturity of ledger assets, . 

Advertising, printing and stationery, 

Profit and loss, agency accounts, 

Legal expenses, 

Underwriters' associations and boards, 

Traveling expenses, 

Exchange, ....... 

Charity, 

Fire patrol, 

Marine expenses, 

Agency expenses, ..... 
General expenses, 

Total disbursements, .... 

Balance, 



Ledgeh Assets 
Real estate, $491,150; mortgages, $187,850, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, . 
Agents' balances, 
Bills receivable, not matured, 
Advances on marine disasters, . 
Deposited with London correspondents, 



$10,390,192 46 


$2,113,865 


22 


120,000 00 


645,080 


20 


319,964 


94 


8,400 


00 


92,221 


83 


11,312 50 


48,462 


23 


2,364 59 


3,313 08 


20,562 


92 


77,963 


95 


5,804 


14 


2,516 


40 


1,691 


98 


29,449 


05 


63,270 


00 


16,981 


01 



$3,583,224 04 
$6,806,968 42 



$679,000 00 

507,250 00 

4,480,062 

376,219 

645,440 

42,832 

1,319 

74,844 



00 
42 
23 
35 
96 
46 



Total ledger assets, 



$6,806,968 42 



194 



fireman's FUND INSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $730.30; collateral loans, $925.57, .... $1,65587 
Market value of stocks and bonds over book value, .... 245,185 25 

Gross assets, $7,053,809 54 

Assets not admitted. 

Agents 1 balances over three months due, . . . $28,116 27 

Special deposits less $121,845 liability thereon, . . 33,115 00 

Book value of real estate over market value, . . 13,000 00 

Advances on marine disasters, 1,319 96 

Total unadmitted assets, 75,551 23 

Total admitted assets, $6,978,258 31 

Liabilities. 

Unpaid losses, including $9,500 resisted, $551,692.95 ; less reinsur- 
ance, $145,770.45, 

Unearned premiums on outstanding risks, $2,981,730. 11 ; plus same 
on disallowed reinsurance, $84,143.89, 

Reserve for contingencies, . 



$405,922 50 

3,065,874 00 
50,000 00 

53,521,796 50 

1,000,000 00 
2,456,461 81 

Total liabilities, $6,978,258 31 

Risks and Premiums. 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



1,456,461 81 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



Premiums. 

$481,668,538 00 $5,776,871 30 
.358,744,046 00 4,601,115 43 



$840,412,584 00 $10,377,986 73 
.362,891,639 00 4,481,638 96 



$477,520,945 00 $5,896,347 77 
. 62,224,516 00 808,458 30 



$415,296,429 00 $5,087,889 47 

. $12,593,883 00 $404,993 58 
.260,433,449 00 1,590,261 58 



$273,027,332 00 $1,995,255 16 
. 243,768,590 00 1,285,360 79 



,258,742 00 $709,894 37 
12,941,015 00 350,605 96 



.$16,317,727 00 $359,288 41 



Miscellaneous. 
Premiums received from organization of company, . . . $54,415,361 00 

Losses paid from organization of company, 28,471,027 00 

Fire losses incurred during the year, 1,649,321 00 



fireman's FUND INSURANCE CO. 



195 



Marine losses incurred during the year, $504,191 00 

Cash dividends declared from organization of company, . . . 3,836,000 00 

Dividends declared during the year (12 per cent.), .... 120,00000 

Company's stock owned by directors, 124,400 00 

Schedule A. Securities held as Collateral. 



California Gas & Electric Corporation bonds, 

Los Angeles R'y Co. bonds, . 

Stockton Water Co. bonds, . 

Standard Electric Co. bonds, 

Market Street R'y Co. bonds, 

Northern California R'y bonds, 

Los Angeles Traction Co. bonds, . 

5,000 shares Olaa Sugar Co., . 

1,250 " HiloR'yCo., 

Puna Sugar Co. bonds, . 

550 shares American Savings Bank, Los Angeles, 
50 " American National Bank, Los Angeles, 

600 " California Safe Dep. & Tr. Co., San Francisco 

676 " California Wine Association, 
Olaa Sugar Co., Hawaii, bonds, 

390 shares Bank of Sonoma County, Petaluma, Cal., . 
2,487 " Watson ville Water Power Co., . 

250 " Pacific Borax Co., 
Sierra R'y bonds, 

100 shares California Safe Dep. & Tr. Co., San 



El Dorado Lumber Co., 
Carlock Banking Co., 
Denny Bar. Co., . 
Contra Costa Water Co., 
Chutes Co., San Francisco., 
Loan to Merch. Ex. of San Fran, secured by 15 memb'rs'ps, 
32^ shares First National Bank of Winnemucca, Nevada, 



100 
100 
100 
250 
475 



Francisco 



Company's 
Marktt Value. 

$47,500 00 } 
34,800 00 
28,000 00 
25,000 00 
23,000 00 
13,440 00 
8,560 00 J 
50,000 00 
21,250 00 
10,000 00 
60,500 00 
5,400 00 
96,000 00 
54,080 00 
43,700 00 
56,550 00 
62,175 00 
37,500 00 
16,500 00 
16,000 00 
5,000 00 
10,000 00 | 
10,000 00 j 
11,000 00 I 
1,425 00 ( 
5,000 00 
4,225 00 



Loaned 
Thereon. 



• $150,000 00 



50,000 00 

50,000 00 

48,000 00 
41,000 00 
40,000 00 
34,000 00 
25,000 00 
25,000 00 
10,000 00 

10,000 00 
10,000 00 

6,250 00 

5,000 00 
3,000 00 



$756,605 00 $507,250 00 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
1,000 shares California St. Cable, San Francisco, Cal 
550 " Presidio & Fer., San Francisco, Cal., 

Bank Stocks. 
100 shares American National, Los Angeles, Cal., 

245 " Anglo-California, limited, San Fran., Cal 

480 " Bank of California, San Francisco, Cal., 

10 •' Bankers' Trust Co., Oakland, Cal., . 

50 " Citizens' National, San Francisco, Cal., 

130 " First National, San Francisco, Cal., . 

40 " Los Angeles Trust Co., Cal., 

100 " Mercantile Trust Co., San Francisco, Cal 

130 " Nat'l B'k of D. O. Mills Co., Sacra., Cal 

500 " Oakland Bank of Savings, Oakland, Cal 

586 " San Francisco National, Cal., . 

8 " Seaboard, San Francisco, Cal., . 

100 " Security Savings, San Francisco, Cal., 

50 " Union National, Oakland, Cal., 

10 " Union Trust Co., San Francisco, Cal., 

Miscellaneous Stocks. 
2,986 shares Home Fire & Marine Insurance Co., Cal 

100 " Marin County Water Co., . 

656 " Mission Rock Co., San Francisco, Cal., 

656 " San Francisco Dry Dock Co., San Francis 

392 " Pacific States Tel. & Tel. Co., . 

100 " San Jose' Water Co., San Jose', Cal., . 
1,200 " Spring Valley Water Works, San F., Cal 

Government Bonds. 
United States 4s, 1925, 



Book Value. 


Kate. 


Market Value. 


., $96,763 25 


212| 
39| 


$212,500 00 


29,462 50 


11,948 75 


10,800 00 


116i 


11,650 00 


17,320 88 


170 


20,825 00 


173,867 00 


423 


203,040 00 


5,000 00 


100 


5,000 00 


5,500 00 


110 


5,500 00 


1,986 58 


326| 


42,477 50 


4,125 00 


115 


4,600 00 


10,000 00 


225 


22,500 00 


39,000 00 


300 


39,000 00 


31,979 17 


200 


50,000 00 


68,654 50 


160 


93,760 00 


480 00 


60 


480 00 


38,150 00 


158 


39,500 00 


7,250 00 


125 


6,250 00 


18,000 00 


270 


27,000 00 


600,403 50 


200 


597,200 00 


6,125 00 


65 


3,250 00 


, * | 37,429 00 


! 5 

l 100 


1,640 00 
32,800 00 


40,745 50 


108 


42,336 00 


9,000 00 


105 


10,500 00 


I., 58,886 25 


40 


24, (XX) 00 


191,676 56 


130 


195,000 00 



196 



FIREMAN S FUND INSURANCE CO. 



County and Municipal Bonds. 
Sonoma County, Cal., School District 4is, . 
Baker City, Ore., 6s, . . . ." 
Redondo, Cal., Union High School District 5s, 
Sebastopol, Cal., School District 4^s, 1935, . 

Railroad Bonds. 
Bakersfield & Kern Electric, Cal., 5s, 1931, . 
California Northwestern 5s, 1928, . 

California Pacific 4|s, 1912 

Hilo, Honolulu, T. H., 6s, 1921, . 

Honolulu Rapid Transit & Land Co., T. H., 6s, 1927, 

Los Angeles-Pacific, Cal., 5s, 1943, 

Los Angeles Street, Cal., 5s, 1938, 

Los Angeles Traction, Cal., 5s, 1938, . 

Market Street, San Francisco, 5s, 1924, 

North Pacific Coast, Cal., 5s, 1912, 

Oahu R'y & Land Co., T. H., 6s, 1927, . 

Oakland Traction Co. 5s, 1933, 

Oakland Transit Co. 6s, 1918, 

Oakland Transit Co., Cal., 5s, 1931, 

Omnibus Cable, San Francisco, Cal., 6s, 1918, 

Pacific Electric, Los Angeles, Cal., 5s, 1942, 

Park & Cliff House R'y 6s, 1913, . 

Petaluma & Santa Rosa, Cal., 5s, 1942, 

Powell Street, San Francisco, Cal., 6s, 1912, 

Presidio & Ferries, San Francisco, 6s, 1911, . 

San Francisco, Oakland & San Jose, Cal., 5s, 1933, 

San Francisco & North Pacific, Cal., 5s, 1919, 

San Francisco & San Joaquin Valley, Cal., 5s, 1940, 

San Jose & Alum Rock, Cal., 6s, 1913, . 

Sierra of Cal. 6s, 1937, .... 

South Pacific Coast 4s, 1937, . 

Southern Pacific, Cal., 5s, 1937, . 

Southern Pacific 4s, 1955, 

Southern Pacific Branch 6s, 1937, . 

Sutter Street, San Francisco, Cal., 5s, 1918, 

Miscellaneous Bonds. 
American-Hawaiian S.S. Co., N. Y., 6s, 1915, 
Bay Counties Power Co. 5s, 1930, . 
California Central Gas & Electric Co. 5s, 1931, 
California Gas & Electric Co. 5s, 1933, . 
Contra Costa Water Co. 5s, 1915, . 
Edison Electric Co., Los Angeles, Cal., 5s, 1922, 
Hanford Gas & Power Co. 6s, 
Keswick Electric Power Co., Cal., 5s, 1931, . 
Los Angeles Lighting Co. 5s, 1924, 
Nevada Electric Power Co., Cal., 6s, 1928, . 
Northern California Power Co. 5s, 1932, 
Oahu Sugar Co., Honolulu, T. II., 6s, 1910, . 
Oakland Gas Light & Heat Co., Cal., 5s, 1916, 
Olaa Sugar Co., T. H., 6s, 1920, . 
Pacific Gas Improvement Co. 4s, 1930, 
Risdon Iron & Locomotive Works 5s, 1917, . 
Riverside Water Co 4|*s-5is, 1912, 
San Francisco Dry Dock Co. 5s, 1931, . 
San Francisco Gas & Electric Co. 4^s, 1933, . 
Siskiyou Electric Power Co., Cal., 6s, 1923, . 
Spring Valley Water Works, San Francisco, 6s, 1906, 
Stockton Gas & Electric Co., Stockton, Cal., 6s, 1905 
Sunset Tel. & Tel. Co. 5s, 1929, .... 
United Electric Gas & Power Co. 5s, 1920, . 
United Gas & Electric Co., San Francisco, 5s, 1932, 
Valley Counties Power Co., Cal , 5s, 1930, . 



Book Value. 

$36,928 37 

6,850 00 

27,437 50 

26,356 25 

10,104 73 
22,150 00 
10,453 75 
47,500 00 
47,551 95 

160,935 28 

81,823 75 

2,180 00 

128,982 50 
91,597 50 
31,275 00 
49,750 00 
12,250 00 
11,525 00 

128,302 08 

107,617 50 

5,450 00 

60,005 53 

24,217 50 

33,662 50 

151,314 99 

85,937 50 

78,707 50 

8,840 00 

54,328 88 

219,725 00 
30,375 00 
14,602 50 

101,075 00 
55,847 50 

19,750 00 
63,175 00 
25,625 00 
37,500 00 
52,975 00 
77,213 10 
4,787 50 
20,000 00 
10,600 00 
29,250 00 
34,750 00 
20,000 00 
108,390 00 
29,730 00 
32,045 00 
57,937 50 
17,485 75 
5,500 00 
60,142 50 
14,000 00 
84,763 75 
54,265 00 
76,470 00 
21,088 85 
10,602 80 
43,750 00 

$4,480,062 00 



Kate. 

100 

103 

109 

105 

100 

111 

1024 

100 " 

108 

107* 

1181 

106 

114 

104^ 

103 

111 

120 

1121 

119" 

111 

106 

100 

109 

100 

llli 

107i 

117| 

105J 

112| 

96 
117| 

95 
1331 
106" 

1021 
100" 
108 

98 
103* 
100" 
100 
104 
1041 
113" 

991 
100" 
107i 

97 

98 
101 

75 
110 
102| 
100 
100£ 
100 
104 
104 

1001 

106" 



Market Value. 

$35,000 00 

7,210 00 

27,250 00 

26,250 00 

10,000 00 
22,200 00 
10,250 00 
50,000 00 
54,000 00- 

172,000 00 

82,775 00 

2,120 00 

136,800 00 
88,612 50 
30,900 00 
55,500 00 
12,000 00 
11,250 00 

142,800 00 

111,000 00 

5.300 00 

60,000 00 

23,980 00 

33,000 00 

159,445 00 

82,582 50 

82,425 00 

8,470 00 

56,312 50 

211,200 00 
29,437 50 
14,250 00 
97,455 00 
56,180 00 

20,500 00 
60,000 00 
27,000 00 
49,000 00 
51,750 00 
75,000 00 
5,000 00 
20,800 00 
10,450 00 
29,380 00 
34,825 00 
20,000 00 
109,395 00 
29,100 00 
33,320 00 
55,550 00 
15,000 00 
5,500 00 
61,650 00 
14,000 00 
76,665 00 
54,000 00 
72,800 00 
20,800 00 
10,050 00 
53,000 00 

4,725,247 25 



firemen's insurance co. 197 



FIREMEN'S INSURANCE COMPANY, NEWARK, N. J. 

Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855. 

Paid-up Capital, $1,000,000. 

DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary. 

Home Office, 784-786 Broad Street. 

Income. 

Net fire premiums, $1,015,608 80 

Interest on mortgage loans, f 78,476 . 25 ; stocks and bonds, $81,643 . 75, 160,120 00 
Rents, 11,236 72 

Total income, $1,186,965 52 

Ledger assets, Dec. 31, 1904, 3,017,471 92 

Total, |4,204,437 44 

Disbursements. 

Net amount paid for fire losses, $448,547 48 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 254,240 18 

Salaries, fees, etc., of officers and employees, 43,275 53 

Repairs and expenses on real estate, 1,105 91 

Real estate taxes, $7,061.24 ; other taxes and fees, $30,258.85, . 37,320 09 

Loss on sale or maturity of ledger assets, 1,417 30 

Premiums on stocks and bonds purchased, 20,598 50 

Agency expenses, 32,443 12 

Adjustment expenses, . 10,112 54 

General expenses, 12,900 31 

Total disbursements, $981,960 96 

Balance, $3,222,476 48 

Ledger Assets. 

Real estate, $111,217.62; mortgages, $1,577,305 $1,688,522 62 

Stocks and bonds (Schedule A), 1,348,900 00 

Cash in banks and office, 61,635 45 

Agents' balances, 123,418 41 

Total ledger assets, $3,222,476 48 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $21,679.44; stocks and bonds, $11,568.75, . . 33,248 19 

Rents due on company's property, 33 33 

Market value of stocks and bonds over book value, .... 624,026 00 

Due from other companies for reinsurance, 3,860 97 

Gross assets, $3,883,644 97 

Assets not admitted. 
Agents' balances over three months due, 38 54 

Total admitted assets, ... $3,883,606 43 



198 



FIREMEN S INSURANCE CO. 



Liabilities. 

Unpaid losses, including $12,243.23 resisted, $84,575. 18 ; less rein- 
surance, $8,876.53, $75,698 65 

Unearned premiums on outstanding risks, 918,253 07 

Interest due or accrued, 494 22 

Unpaid scrip, 1,887 00 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



1,887,273 49 



$996,332 94 

1,000,000 00 
1,887,273 49 



Total liabilities, $3,883,606 43 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$166,372,935 00 
. 105,141,014 00 

$271,513,949 00 
. 80,685,284 00 

$190,828,665 00 
. 9,912,987 00 



Premiums. 

$1,598,325 44 
1,273,180 39 

$2,871,505 83 
1,073,953 03 

$1,797,552 80 
85,695 57 



$180,915,678 00 $1,711,857 23 



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, 



$13,078,795 00 

6,145,417 00 

439,849 00 

2,510,500 00 

850,000 00 

120,000 00 

87,600 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

400 shares Consolidated Traction, N. J., . 
1,200 " Delaware, Lackawanna & Western, 
1,400 " Morris & Essex 

150 " Rapid Transit, .... 

150 " United N. J. R.R. & Canal Co., 

Bank Stocks, 
400 shares Essex Co. National, Newark, N. J., 
100 " Manfg. National, Newark, N. J., 
200 " Merchants' National, Newark, N. J., 
800 " National Newark Banking Co., N. J 
650 " National State, Newark. N. J., . 

Miscellaneous Stocks. 
40 shares Consolidated Rosendale Cement Co., 
400 " Newark Consolidated Gas Co., . 
481 " N. Y. & N. J. Tel Co., 
3 " Western Adjustment & Inspection Co., 

Municipal Bonds. 
Elizabeth, N. J., 4s, 1922, 

Railroad Bonds. 
Central of New Jersey 5s, 1987, .... 
Central of N. J. (Am. Dock & Imp. Co.) 5s, 1921, 
Consolidated Traction of N. J., 5s, 1933, 



Book Value. 

$40,000 00 
60,000 00 
70,000 00 
15,000 00 
15,000 00 

20,000 00 
10,000 00 
20,000 00 
40,000 00 
32,500 00 

4,000' 00 

40,000 00 

48,100 00 

300 00 



Kate. 
82 
445 
188 
240 
270 

320 
2.30 
285 
300 
200 

5 
91 

156 

100 



25,000 00 100 



25,000 00 

20,000 00 

100,000 00 



131| 
llli 
107 



Market Value. 

$32,800 00 

267,000 00 

131,600 00 

36,000 00 

40,500 00 

64,000 00 
23,000 00 
57,000 00 
120,000 00 
65,000 00 

200 00 
36,400 00 
75,036 00 

300 00 

25,000 00 

32,937 50 

22,250 00 

107,000 00 



FIREMEN S MUTUAL INSURANCE CO. 



199 



Lehigh Valley Terminal 5s, 1941, . 

Morris & Essex 7s, 1915, 

Newark Passenger 5s, 1930, . 

New Jersey & New York 6s, 1910, 

N. Y., Susquehanna & Western 5s, 1937 

N. Y. & Greenwood Lake 5s, 1946, 

N. Y., Lake Erie & West. Dock & Imp 

North Hudson Co. 5s, 1928, . 

North Hudson Co. 6s, 1914, . 

North Hudson Co. 5s, 1924, . 

Trenton Passenger 6s, 1931, . 

Miscellaneous Bonds 
Atlantic City Water Co. 5s, 1925, . 
Consumers Heat, Light & Power Co. 5s 
Hackensack Water Co. 4s, 1952, . 
Hudson County Gas Co. 5s, 1949, . 
Newark Consolidated Gas Co. 5s, 1948, 
Newark Gas Co. 6s, 1944, 
Passaic Water Co. 5s, 1937, . 
Trenton Gas & Electric Co. 5s, 1949, 
United Electric Co., N. J., 4s, 1949, 



Co. 



,1938 



6s, 1913, 



Book Value. 


Rate. 


Market Value. 


. $92,000 00 


118* 


$109,020 00 


50,000 00 


125| 


62,875 00 


50,000 00 


112* 


56,250 00 


20,000 00 


104* 


20,900 00 


40,000 00 


1141 


45,750 00 


25,000 00 


117| 


29,437 50 


20,000 00 


1121 


22,500 00 


25,000 00 


111 


27,750 00 


20,000 00 


112 


22,400 00 


20,000 00 


103 


20,600 00 


30,000 00 


120 


36,000 00 


22,000 00 


111 


24,420 00 


10,000 00 


110 


11,000 00 


20,000 00 


93 


18,600 00 


40,000 00 


107;| 


42,900 00 


100,000 00 


111 


111,000 00 


50,000 00 


136 


68,000 00 


20,000 00 


1081 


21,700 00 


10,000 00 


108 


10,800 00 


100,000 00 


75 


75,000 00 


$1,348,900 00 




$1,972,926 00 



FIREMEN'S MUTUAL INSURANCE COMPANY, PROVIDENCE, R. I. 

Incorporated May 1, 1854. Commenced business Sept. 1, 1854. 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 

Office, 10 Weybosset Street, Providence, R. I. 

Income. 

Net premiums, . . . . $901,376 08 

Interest on stocks and bonds, $43,128.92 ; all other, $8,127.94, . 51,256 86 

Profit on sale or maturity of ledger assets, 7,000 00 



Total income, 
Ledger assets, Dec. 31, 1904, 



$959,632 94 
1,048,349 09 



Total disbursements, . 
Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Premiums in course of collection, 

Corporation loans, ...... 

Total ledger assets, 



Total $2,007,982 03 

Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

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

Rents, 

Taxes and fees, 

Reductions in book value of securities, 

Inspections, 

All other disbursements, 



i,375 01 

826,003 18 

13,495 09 

1,000 00 
17,882 41 

2,000 00 
13,558 06 

1,946 41 

8911,260 16 
$1,096,721 87 



,137 50 

192,614 92 

14,469 45 

49,500 00 

$1,096,721 87 



200 



FIREMEN S MUTUAL INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $8,195.50; other assets, $1,755.09, 
Market value of stocks and bonds over book value, . 



Gross assets, 



$9,950 59 
264,080 25 

$1,370,752 71 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 



$9,169 40 

441,749 20 

13,568 67 

All liabilities, except surplus, $464,487 27 

Surplus, 906,265 44 

Total liabilities, $1,370,752 71 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total, 

Risks expired and terminated, . 



Amount. 

$105,922,195 00 
. 118,047,948 00 

$223,970,143 00 
. 112,897,548 00 



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

$853,130 59 $4,265,652 95 
943,460 14 4,717,300 70 



,796,590 73 
913,092 33 



^8,982,953 65 
4,565,461 65 



In force at end of year, . . $111,072,595 00 $883,498 40 $4,417,492 00 

Miscellaneous. 

Losses incurred during the year, $42,765 00 

Profits or surplus returned during 1905, 94.83 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Kate. Market Value. 

265 shares Chicago & Northwestern, .... $26,500 00 223 $59,095 00 

100 " Cleve., Cin., Chic. & St. Louis, preferred, 10,000 00 I18h 11,850 00 

20 " Cleve., Cin., Chic. & St. Louis, common, . 2,000 00 107? 2,157 50 

200 " Cleveland & Pittsburgh, .... 10,000 00 182 18,200 00 

100 " Detroit, Hillsdale & Southwestern, . . 10,000 00 104 10,400 00 

100 " Fort Wayne & Jackson, preferred, . . 10,000 00 145 14,500 00 

100 " Hereford 10,000 00 99^ 9,925 00 

400 " Illinois Central, 40,000 00 175£ 70,100 00 

200 " Manhattan, 20,000 00 162j 32,450 00 

200 " Morris & Essex, 10,000 00 188 18,800 00 

500 " New York Central & Hudson River, . . 53,000 00 153| . 81,156 25 

200 " New York, Lackawanna & Western, . . 20,000 00 136 27,200 00 

100 " New York, New Haven & Hartford, . . 18,000 00 196£ 19,625 00 

100 " Old Colony, 10,000 00 208 20,800 00 

1,020 " Pennsylvania 51,000 00 143| 73,248 75 

200 " Pittsburg, Bessemer & Lake Erie, . . 7,412 50 68 6,800 00 

100 " Pittsburg, Fort Wayne & Chicago, . . 10,000 00 182^ 18,250 00 

200 " Rensselaer & Saratoga, .... 20,000 00 208 41,600 00 

300 " Rome, Watertown & Ogdensburg, . . 30,000 00 134 40,200 00 

130 " Upper Coos, 13,000 00 150 19,500 00 

210 " West End Street, 10,500 00 199 20,895 00 

100 shares Blackstone Canal Nat'l, Providence, R. I., 2,500 00 152 3,800 00 

200 " Nat'l B'k of Commerce, Providence, R.I. , 10,000 00 120 12,000 00 

100 " Old National, Providence, R. I., . . 10,000 00 100 10,000 00 

Miscellaneous Stocks. 

100 shares Gold & Stock Telegraph Co 10,000 00 120 12,000 00 

273 " Providence Gas Co., 13,650 00 206 28,119 00 

Government and State Bonds. 

United States 4s, 1907, 40,000 00 102 40,800 00 

United States 4s, 1925, 40,000 00 130 52,000 00 



THE FRANKLIN FIRE INSURANCE CO. 



201 



United States coupon 3s, 1918, 

Rhode Island 3^s, 1924, .... 

Railroad Bonds. 
Chicago, Burlington & Quincy 3^s, 1949, 
Cleveland Electric 5s, 1913 . 
Columbus Street 5s, 1932, 
Detroit United 4^s, 1932, 
East St. Louis & Suburban 5s, 1932, 
Lake Shore & Michigan Southern 4s, 1928, 
Long Island guar, ref . 4s, 1949, 
Northern Pac.-Gt. Northern (C, B. & Q. Col.) 4s 

Portland 5s, 1930, 

Toledo R'y & Terminal 4^s, 1954, . 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 4s, 1929, 



1921 



Book Value. 


Rate. 


Market Value. 


$40,000 00 


102i 


$41,000 00 


100,000 00 


102| 


102,750 00 


4,000 00 


94| 


3,790 00 


10,000 00 


102 


10,200 00 


20,000 00 


107! 


21,450 00 


9,425 00 


94 


9,400 00 


20,000 00 


102 


20,400 00 


25,000 00 


99* 


24,875 00 


10,000 00 


100* 


10,050 00 


55,000 00 


99* 


54,931 25 


10,000 00 


99i 


9,950 00 


10,000 00 


105 


10,500 00 


9,150 00 


941 


9,450 00 


$840,137 50 


$1,104,217 75 



THE FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated April 22, 1829. Commenced business June 22, 1829. 

Paid-up Capital, $400,000. 

JAS. W. MCALLISTER, President. B. T. CRESSON, Secretary. 

Home Office, 421 Walnut Street. 

Income. 
Net fire premiums, 



Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $4,707.02 ; collaterals, $16.67; stocks 
and bonds, f 92,330 ; all other, $1,768.69, 

Rents, 

Profit on sale or maturity of ledger assets, 

Transfers, 

Profit and loss, 



Total income, 
Ledger assets, Dec. 31, 1904, 



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 

Repairs and expenses on real estate, . 

Real estate taxes, $2,933.30 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, . 

Advertising, printing and stationery, 

Legal expenses, ....... 

Agency expenses, 

Miscellaneous expenses, 



,135.47, 



Total disbursements, 
Balance, 



$770,926 71 
5,849 36 

98,822 38 
5,693 65 
3,156 52 
1,296 50 
7,500 00 



$893,245 


12 


2,929,090 87 


$3,822,335 


99 


$399,974 


14 


38,261 


54 


80,570 


00 


177,075 


60 


34,866 


67 


1,688 


00 


2,556 


62 


23,068 


77 


9,773 


59 


7,856 


66 


1,400 


00 


67,375 


29 


7,257 


13 


$851,724 


01 



$2,970,611 98 



202 



THE FRANKLIN FIRE INSURANCE CO. 



Ledger Assets. 

Real estate, $206,160.65 ; mortgages, f 74,598, . 
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, 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, 
Due from other companias for reinsurance, 



Gross assets, 



Liabilities. 
Unpaid losses, including $1,325 resisted, $53,955.24 ; less reinsur- 
ance, $1,126.18, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid up capital, 

Surplus over capital and general liabilities, 



,359,128 43 



$280,758 65 

25,000 00 

2,486,054 95 

55,530 27 

123,268 11 

$2,970,611 98 



1,118 97 

19,339 35 

14,401 30 

911 25 

$3,006,382 85 



$52,829 06 
719,819 63 
874,605 73 

.,647,254 42 

400,000 00 
959,128 43 



Total liabilities, 



. $3,006,382 85 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, 

Perpetual risks in force (not included above), . 



Premiums. 

$116,809,174 CO $1,355,314 54 
. 78,284,412 00 978,572 42 



$195,093,586 00 $2,333,886 96 
. 71,378,026 00 918,740 37 



$123,715,560 00 $1,415,146 59 
. 5,992,437 00 70,491 88 



$117,723,123 00 $1,344,654 71 
. $45,538,910 00 $953,580 28 



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, 



$36,372,298 00 

19,404,812 00 

383,061 00 

6,234,000 00 

80,000 00 

16,700 00 



Schedule A. Securities held as Collateral. 



500 shares Reading Co., common, . 
100 " Reading Co., 2d preferred, 



Company's 
Market Value. 

$34,500 00 
4,800 00 



Loaned 
Thereon. 

$25,000 00 



$39,300 00 $25,000 00 



THE FRANKLIN FIRE INSURANCE CO. 



203 



Schedule B. Stocks and Bonds owned by the Company. 



Stocks. 
35 shares Girard National Bank, Philadelphia, Pa., 
300 " Philadelphia Traction Co., . 

County and Municipal Bonds. 
Gloucester County, New Jersey, 4s, 1906-1907, 
Gloucester County, New Jersey, 4s, 1906-1909, 
Cameron County, Pennsylvania, 4s, 1922, 
Springfield, 111., 5s, 1907, 
Camden, N.J. ,4s, 1909, 
Camden, N. J., 4s, 1911, 
Dayton, O., 5s, 1912, 
Dayton, O., 5s, 1919, 
Sandusky, O., 5s, 1911-1922, . 
Allegheny, Pa., 4s, 1934, 
Braddock, Pa., 4s, 1918-1921, 
Downington, Pa., 4|s, 1924, . 
Monongahela, Pa., 3hs, 1909-1928, . 
Sewickly, Pa., 5s, 1906-1915, . 

Railroad Bonds. 
Baltimore & Ohio (prior lien) 3|s, 1925, 
Baltimore & Ohio 4s, 1941, . 
Belvidere, Del., 4s, 1927, 
Camden & Atlantic 6s, 1911, . 
Camden & Atlantic 5s, 1911, . 
Chesapeake & Ohio equipment trust 4s, 1913, 
Chesapeake & Ohio equipment trust 4s, 1914, 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago, Rock Island & Pacific 4s, 1918, 
Easton & Amhoy 5s, 1920, 
Electric & People's Traction Co. 4s, 1945, 
Elmira & Williamsport 5s, 2862, . 
Erie & Pittsburgh 3. ] ,s, 1940, . 
Erie car trust 4is, 1909, .... 
Erie & Western Transportation Co. 4s, 1925, 
Federal Street & Pleasant Valley Passenger 5s, 1942, 
Huntingdon & Broad Top 4s, 1920, 
Iron Mountain car trust 5s, 1911, . 
Lehigh & Hudson River 5s, 1920, . 
Lehigh Valley annuity 4is, . 
Lehigh Valley equipment trust 44s, 1910, 
Lehigh Valley 4s, 2003, . . 
Lehigh Valley Coal Co. 5s, 1910, . 
Long Island guar. ref. 4s, 1949, 
Market Street Elevated Passenger 4s, 1955, 
N. Y. Central & Hudson River 3is, 1998, 
N. Y., Phila. & Norfolk 1st mortgage 4s, 1939, 
N. Y., Phila. & Norfolk income, 4s, 1939, 
Norfolk & Western 4s, 1996, . 
Norfolk & Western equipment trust 4s, 1911, 
Norfolk & Western 4s, 1944, . 
Norfolk & Western equipment trust 4s, 1914, 
Northern Central 5s, 1926, 
Northern Central 4.^s, 1925, . 
Pennsylvania Co. 3-is, 1916, . 
Pennsylvania Co. 3|s, 1944, . 
Pennsylvania 4^s, 1913, .... 
Penn. & N. Y. Canal & R.R. 5s, 1939, . 
Penn. & N. Y. Canal & R.R. 4s, 1939, . 
Phila. & Baltimore Central 5s, 1911, 
Philadelphia & Erie 4s, 1920, 
Philadelphia Traction 4s, 1917, 
Phila., Wilmington & Baltimore 4s, 1922, 
Phila., Wilmington & Baltimore 4s, 1917, 
Phila., Wilmington & Baltimore 4s, 1921, 
Pittsburgh, Char. & Yough. 4s, 1932, . 
Pittsburgh, Cin., Chicago & St. Louis 3is, 1949, 
Reading Marine equipment trust 4? 2 s, 1908, 
Reading equipment trust 4^s, 1906, 
Rio Grande Western 4s, 1949, 



Book Value. 
$7,234 00 
29,437 50 

3,000 00 

14,000 00 

20,000 00 

2,000 00 

5,000 00 

5,216 67 

5,712 50 

23,425 00 

39,248 75 

15,000 00 

16,000 00 

8,360 00 

59,000 00 

14,780 87 

23,937 50 
20,000 00 
21,000 00 
16,622 50 
11,550 00 
24,598 05 
24,458 83 
70,000 00 
49,313 88 
25,916 67 
22,250 00 
9,950 CO 
49.640 97 
50,000 00 
25,000 00 
10,000 00 
21,025 00 
25,000 00 
25,000 00 
66,501 25 
50,000 00 
50,000 00 
20,000 00 
50,000 00 
50,000 00 
31,930 12 
50,000 00 
23,027 77 
20,000 00 
73,801 66 
24,566 67 
29,575 00 
14,550 00 
10,375 00 
98,134 47 
46,756 25 
31,200 00 
11,550 00 
2,857 50 
1,000 00 
34,973 33 
31,830 28 
15,005 00 
10,000 00 
24,629 17 
50,000 00 
50,000 00 
50,000 00 
25,000 00 
22,894 45 



Rate. 
249 
201 

1001 
lOOf 
104| 
101 

ioh 

102| 
107| 
113J 
110 
106 
1031 
108" 
93 
100 

94| 

97| 
103 
109| 
105^ 

98 

98 
103f 

92j 
109 
100^ 
109 

97 

99 
102 
110 
101! 
102! 
108 
116i 
100 " 

98 
101 
lOOi 

99| 

88! 
102" 

941 
1001 

97| 

98 

98 
1171 
110" 

97 

90| 
103 
118f 
1001 
102 ~ 
1031 
104" 
105 
101 
10H 

94" 

92?, 
100" 
100 

90 



Market Value. 
$8,715 00 
30,150 00 

3,015 00 

14,105 00 

20,950 00 

2,020 00 

5,075 00 

5,125 00 

5,362 50 

22,775 00 

38,500 00 

15,900 00 

16,560 00 

8,640 00 

54,870 00 

14,500 00 

23,562 50 
19,500 00 
21,630 00 
16,443 75 
11,577 50 
24,500 00 
24,500 00 
72,625 00 
46,062 50 
27,250 00 
25,062 50 
10,900 00 
48,500 00 
49,500 00 
25,500 00 
11,000 00 
20,300 00 
25,625 00 
27,000 00 
75,725 00 
50,000 00 
49,000 00 
20,200 00 
50,250 00 
49,750 00 
30,975 00 
51,000 00 
23,625 00 
20,100 00 
73,312 50 
24.500 00 
29,400 00 
17,625 00 
11,000 00 
97,000 00 
45,312 50 
30,900 00 
11,875 00 
3,015 00 
1,020 00 
36,225 00 
32,240 00 
15,750 00 
10,100 00 
25,375 00 
47,000 00 
46,250 00 
50,000 00 
25,000 00 
22,500 00 



204 



THE GEORGIA HOME INSURANCE CO. 



River Front 4^s, 1912, 

St. Louis & San Francisco equipment trust 4s, 1909, 

St. Louis & San Francisco equipment trust 4s, 1909, 

Shamokin, Sunbury & Lewisburg 5s, 1912, 

Southern Car Trust 4s, 1907, . 

Steubenville & Indiana 5s, 1914, . 

United, St. Louis, 4s, 1934, 

United Traction, Pittsburgh, 5s, 1997, 

West Jersey 6s, 1909, 

West Jersey & Seashore 4s, 1936, . 

West Jersey & Seashore 3^s, 1936, 

Wilmington & Northern 4s, . 

Wilmington & Weldon 4s, 1935, . 

Miscellaneous Bonds. 
Delaware River Ferry Co. 5s, 1921, 
Edison Electric Light Co., Philadelphia, 5s, 1946 
Girard Point Storage Co. 3is, 1940, 
Infantry Batt., State Fencibles, N. G., P. A., 6s, 1905 
Lehigh Coal & Navigation Co. 4s, 1914, 
Newport & Cin. Bridge Co. 4|s, 1945, . 
Philadelphia Co. 5s, 1949, 
Philadelphia Electric 5s, 1948, 
Susquehanna Coal Co. 6s, 1911, 



Book Value. 


Rate. 


Market Value. 


$16,780 00 


1042 


$16,680 00 


23,872 22 


97^ 


24,312 50 


23,504 16 


97i 


24,312 50 


10,594 45 


105| 


10,575 00 


20,000 00 


99 


19,800 00 


62,658 75 


100 


60,000 00 


41,372 21 


86 1 


38,925 00 


29,625 00 


noi 


33,150 00 


25,000 00 


1151 


28,875 00 


25,000 00 


102 


25,500 00 


100,000 00 


94^ 


94,250 00 


59,986 66 


100 


60,000 00 


50,000 00 


102 


51,000 00 


5,000 00 


102 


5,100 00 


29,775 00 


109i 


32,850 00 


16,329 83 


9l| 


18,300 00 


2,000 00 


100 


2,000 00 


10,000 00 


103 


10,300 00 


25,000 00 


102 


25,500 00 


5,000 00 


108 


5,400 00 


24,895 00 


100 


25,000 00 


16,825 00 


102 


15.300 00 


$2,486,054 95 


$2,500,456 25 



THE GEORGIA HOME INSURANCE COMPANY, COLUMBUS, GA. 

Incorporated, 1859. Commenced business, 1859. 

Paid-up Capital, $300,000. 
RHODES BROWNE, President. WM. C. COART, Secretary. 

Home Office, 1046 Broad Street. 

Income. 

Net fire premiums $476,091 02 

Interest on mortgage loans, $9,696.81 ; collaterals, $3,679.76 ; stocks 

and bonds, $21,366.48; all other, $1,201.44, 35,944 49 



Rents, including company's own occupancy, 
Appreciation in book value of stocks, 
From all other sources, 



8,650 37 

1,950 00 

282 90 



Total income, 



Ledger assets, Dec. 31, 1904, 



$522,918 78 
1,043,369 93 



Total, $1,566,288 71 



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, $1,842.75 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, . 

Legal expenses, 

Advertising and stationery, .... 

Reinsurance, 

Borrowed money repaid, 

Interest, ........ 

All other disbursements, 

Total disbursements, 

Balance, 



$225,925 17 

18,000 00 

93,269 69 

75,458 59 

1,000 00 

792 66 

21,812 76 

25 00 

1,957 95 

9,300 69 

458 85 

80,000 00 

3,393 91 

289 50 

$531,684 77 

$1,034,603 94 



THE GEORGIA HOME INSURANCE CO. 



205 



Ledger Assets. 

Real estate, $132,000; mortgages, $162,262.58, 

Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), 

Cash in banks and office, . 

Agents' balances, 

Open ledger accounts, 

All other ledger assets, 

Total ledger assets, 

Assets not admitted 

Agents 1 balances over three months due, . 

Open ledger accounts, 

Book value of stocks and bonds over market value 
Special dep., $87,827.50 ; liab. in set off, $87,827.50 
Total unadmitted assets, 



$294,262 58 

36,800 00 

522,029 50 

93,560 32 

82,805 95 

3,976 63 

1,168 96 

$1,034,603 94 



$1,500 00 

3,976 63 

110,944 37 



Total admitted assets, 

Liabilities. 
Unpaid losses, including $4,200 resisted, $40,650.59; less reinsur- 
ance, $4,809. 10 

Unearned premiums on outstanding risks, 
Dividends due stockholders, .... 
Due for reinsurance premiums, .... 

Borrowed money, 

Old savings bank account (4 per cent.), . 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



$432,309 59 



$45,677,175 00 
40,510,413 00 



,187,588 00 

36,244,027 00 

$49,943,561 00 

2,067,729 00 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, ..... 

Miscellaneous. 

Fire losses incurred during the year, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, 

Sciikdule A. Securities held as Collateral. 



116,421 00 

$918,182 94 



$35,841 49 

393,498 33 

180 00 

364 82 

55,000 00 

988 71 

$485,873 35 

300,000 00 

132,309 59 

$918,182 94 



Premiums. 

$702,403 79 
684,680 58 

1,387,084 37 
591,394 26 

$795,690 11 
47,361 22 



$47,875,832 00 $748,328 89 



$227,417 00 
18,000 00 
44,400 00 



150 shares Swift Manufacturing Co., Columbus, Ga., . 
12 " Columbus Manufacturing Co., Columbus, Ga., 
40 " National Bank, Columbus, Ga., . 
10 " Swift Manufacturing Co., Columbus, Ga., . 



Company's 
Market Value. 

$52,500 00 
1,200 00 
8,800 00 
3,500 00 



Loaned 
Thereon. 

$22,500 00 

8,000 00 

800 00 



206 



GERMAN INSURANCE CO. 



200 shares North Highlands Land Co., Columbus, Ga., 
Hamburger Manufacturing Co., Columbus, Ga., 6s, 1913, 



Company's 
Market Value. 

$12,000 00 
1,160 00 



Loaned 
Thereon. 

$4,500 00 
1,000 00 



$79,160 00 $36,800 00 



Schedule B. Stocks and Bonds ownkd by the Company. 



Bank Stocks. 
50 shares Columhus Savings & Loan, Columhus, Ga 
50 " Home Savings, Columhus, Ga., . 
241 " National, Columhus, Ga., 
50 " Trust Co. of Georgia, .... 

Miscellaneous Stocks. 
85 shares City Mills, Columbus, Ga., . 
204 " Columbus Manufacturing Co., Ga., 
120 " Empire Mills Co., Columbus, Ga., 

3 " General Adjustment Bureau, New York, 
100 " Hamburger Manufacturing Co., Col., Ga., 
260 " Muscogee Manufacturing Co., Col., Ga., 
606 " Swift Manufacturing Co., Columbus, Ga., 
1 share Tallassee Falls Manuf. Co., Tallassee, Ga., 

Government Bonds. 
United States 4s, 1907, . 
United States 3s, 1918, . 

State and Municipal Bonds. 
Louisiana 4s, 1914, . 
Massachusetts 3is, 1938, 
Virginia 3s, 1932", . 
Montgomery, Ala., 4is, 1929, 
Montgomery, Ala., 6s, 1924, 
Opelika, Ala., 5s, 1934, . 
Albany, Ga., 6s, 1912-13-14, 
Americus, Ga., 6s, 1909-15, 
Brunswick, Ga., 5s, 1921, 
Columbus, Ga., 3is, 1931, 
Columbus, Ga., 4is, 1928, 
Columbus, Ga., 5s, 1909, 
Macon, Ga., 5s, 1923, 
Savannah, Ga., 5s, 1909, 
New York, N. Y., 3k, 1953, 
Galveston, Texas, 4s, 1942, 
Clarksville, Va., 6s, 1934, 
Norfolk, Va., 4s, 1930, . 

Miscellaneous Bonds. 
Columbus Automatic Tel. Co. 6s, 1923, 
Hamburger Manufacturing Co. 6s, 1914, 



Book Value. 

$500 00 

6,500 00 

53,020 00 

5,500 00 

21,250 00 

20,400 00 

13,200 00 

150 00 

15,000 00 

13,000 00 

212,100 00 

3,282 00 

21,100 00 
21,277 50 

10,400 00 

10,525 00 

15,000 00 

5,200 00 

9,500 00 

4,000 00 

8,800 00 

2,700 00 

5,300 00 

12,000 00 

2,200 00 

510 00 

5,700 00 

6,240 00 

10,175 00 

1,000 00 

1,150 00 

2,100 00 

1,000 00 
2,250 00 



Rate. 

100 

120 

200 

117 

250 
100 
130 
100 
150 
50 
175 
100 

102 
lOlf 

104± 
104& 

95 
103* 
118| 
100 
107 
107 
106 

91 
106 
102* 
H3| 
103 

983 

83| 
110 
102 

100 
108* 



8522,029 50 



Market Value. 

$500 00 

6,000 00 

48,200 00 

5,850 00 

21,250 00 

20,400 00 

15,600 00 

150 00 

15,000 00 

13,000 00 

106,050 00 

3,282 00 

20,400 00 
20,858 75 

10,425 00 

10,487 50 

14,250 00 

5,175 00 

11,245 63 

4,000 00 

8,560 00 

2,675 00 

5,300 00 

10,920 00 

2,120 00 

512 50 

5.675 00 

6,180 00 

9,875 00 

833 75 

1,100 00 

• 2,040 00 

1,000 00 
2,170 00 

$411,085 13 



GERMAN INSURANCE COMPANY OF FREEPORT, FREEPORT, ILL. 

Incorporated February, 1865. Commenced business October, 1866. 
Paid-up Capital, $200,000. 



C. O. COLLMANN, President. 



F. M. GUXD, Secretary. 



Home Office, 9 North Galena Avenue. 
Income. 



Net fire premiums, 

Interest on mortgage loans, f 154,837. 52; collaterals, 
and bonds, $69,181.13; all other, $5,715.56, 

Rents, 

Profit on sale or maturity of ledger assets, 
Agenc}' balances previously charged off, . 
Profit and loss 



; stocks 



$3,617,035 09 

230,014 21 

1,550 01 

24,760 00 

4,974 36 

661 48 



Total income, 



$3,878,995 15 



GERMAN INSURANCE CO. 207 

Ledger assets, Dec. 31, 1904, $5,571,358 45 

Total, $9,450,353 60 

Disbursements. 

Net amount paid for fire losses, $1,784,820 81 

Interest and dividends to stockholders, 40,000 00 

Commissions or brokerage, 951,017 40 

Salaries, fees, etc., of officers and employees, 160,033 99 

Repairs and expenses on real estate, 257 50 

Real estate taxes, 1571 .56 ; other taxes and fees, $88,339.11, . . 88,910 67 

Uncollected premiums charged off, 3,310 78 

Premium paid on bonds purchased, 7,690 00 

Printing and stationery, . . . 35,518 83 

Freight, . 6,569 24 

Furniture, fixtures and maps, 6,324 58 

Postage, 14,994 82 

All other disbursements, 107,239 11 



Total disbursements, $3,206,687 73 



Balance, $6,243,665 87 

Ledger Assets. 

Real estate, $75,500; mortgages, $3,584,058.21, . . . .$3,659,558 21 

Loans secured by collateral (Schedule A), 7,200 00 

Stocks and bonds (Schedule B) 1,616,302 91 

Cash in banks and office, 420,074 13 

Agents 1 balances, 448,313 46 

Bills receivable, not matured, 92,217 16 



Total ledger assets, $6,243,665 87 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $94,886.43 ; stocks and bonds, $13,262.47 ; collateral 

loans, $137.10 $108,286 00 

Market value of stocks and bonds over book value, .... 52,386 00 



Gross assets, $6,404,337 87 

Assets not admitted. 

Agents 1 balances over three months due, . . . $7,813 80 

Stock of similar fire insurance company, . . . 195,400 00 
Special dep, $20,762.50 ; liab. in set off, $20,762.50 

Total unadmitted assets, 203,213 80 



Total admitted assets, $6,201,124 07 

Liabilities. 

Unpaid losses, including $40,919.29 resisted, $217,171.48 ; less rein- 
surance, $4,661.75, $212,509 73 

Unearned premiums on outstanding risks, $3,787,402.70 ; plus same 
on disallowed reinsurance, $45,594.15, 3,832,996 85 



All liabilities, except capital and surplus, $4,045,506 58 

Surplus to policy holders, $2,155,617 49 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, 1,955,617 49 



Total liabilities, $6,201,124 07 



208 



GERMAN INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$512,672,739 00 
.342,411,396 00 



Premiums. 

^6,473,275 39 
4,521,278 43 



$855,084,135 00 f 10,994,553 82 
. 276,979,086 00 3,816,353 38 



1578,105,049 00 $7,178,200 44 
. 13,889,200 00 170,646 74 



$564,215,849 00 $7,007,553 70 



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. Securities held as Collateral. 



$43,980,163 00 

20,990,678 00 

1,781,817 00 

1,219,665 00 

40,000 00 

78,600 00 



10 shares German Bank, Freeport, 111., 
70 " German Bank, Freeport, 111., 
30 " First National Bank, Blue Hill, Neb., 



Company's 
Market Value. 

SI, 500 00 

10,500 00 

3,000 00 



Loaned 
Thereon. 

$700 00 
5,000 00 
1,500 00 



$15,000 00 $7,200 00 



Schedule IV Stocks and Bonds owned by the Company. 



Stocks. 
43§ shares Minnehaha Nat. Bank, Sioux Falls, S. D 
1951 " German Nat. Ins. Co., Chicago, 111., . 

State, County and Municipal Bonds. 
Georgia 3|s, 1930, . 
Cook County, Illinois, 4s, 1921, 
Macon County, Illinois, 5s, 1912, . 
Marshall County, Illinois, 6s, 1909, 
White County, Illinois, Us, 1918, 
Allegheny County, Pennsylvania, 4s, 1935, 
Amboy, 111., 6s, 1907, . 
Anna, 111., 5s, 1912, . . 
Bloom, 111., 3fs, 1908, . 
Bloomington, 111., 4s, 1912, 
Blue Island, 111., 5s, 1915, 
Carmi, 111., 7s, 1906, 
Carmi, 111., 5s, 1908, 
Carrollton, 111., 6s, 1920, 
Charleston, 111., 4^s, 1917, 
Chicago Heights, 111., 6s, 1914, 
Colchester, 111., 6s, 1907, 
Danville, 111., 5s. 1909, . 
Danville June, 111., 6s, 1914, 
Drummer Township, 111., 5s, 1912, 
DuQuoin, 111., 5s, 1919, . 
East Lincoln, 111., 4s, 1914, 
East St. Louis, 111., 5s, 1908, 
East St. Louis, 111., 5s, 1914, 
Elgin, 111., 5s, 1911, 
Elmwood, 111., 4s, 1914, . 
Freeport, 111., 4s, 1911, . 
Freeport, 111., 5s, 1925, . 
Freeport, 111., 5s, 1912, . 
Gilman, 111., 6s, 1909, . 
Greenville, 111., 5s, 1915, 



Book Value. 

$4,366 66 

195,400 00 

10,000 00 

25,000 00 

25,000 00 

4,000 00 

10,000 00 

25,000 00 

4,900 00 

2,500 00 

6,000 00 

10,000 00 

8,000 00 

1,000 00 

6,000 00 

6,000 00 

18,000 00 

3,000 00 

1,900 00 

5,000 00 

9,000 00 

5,000 00 

3,000 Q0 

15,000 00 

17,000 00 

10,000 00 

3,500 00 

8,500 00 

22,500 00 

5,000 00 

2,000 00 

3,000 00 

10,000 00 



Kate. 
100 
100 

107|- 

106 

105 

107 

105 

106| 

104 

100 

100 

101 

107 

101 

101 

117 

106 

112 

101 

101 

108 

106 

111 

101 

102 

108 

103 

100 

101 

117 

108 

106 

100 



Market Value. 

$4,366 66 

195,400 00 

10,762 50 

26,500 00 

26,250 00 

4,280 00 

10,500 00 

26,656 25 

5,096 00 

2,500 00 

6,000 00 

10,100 00 

8,560 00 

1,010 00 

6,060 00 

7,020 00 

19,080 00 

3,360 00 

1,919 00 

5,050 00 

9,720 00 

5,300 00 

3,330 00 

15,150 00 

17,340 00 

10,800 00 

3,605 00 

8,500 00 

22,725 00 

5,850 00 

2,160 00 

3,180 00 

10,000 00 



GERMAN INSURANCE CO. 



209 



Grossdale, 111., 6s, 1907, 
Hawthorne, 111., 5s, 1914, 
Jerseyville, 111., 4s, 1919, 
Kankakee, 111., 6s, 1907, 
Lake & Hyde Park, 111., 5s, 1908, . 
Lawrenceville, 111., 6s, 1918, . 
Marshall, 111., 6s, 1920, . 
Mattoon, 111., 5s, 1911, . 
Maywood, 111., 6s, 1907, . 
Meredosia, 111., 6s, 1906, 
Momence, 111., 5s, 1917, . 
Monmouth, 111., 5s, 1914, 
Monmouth, 111., 5is, 1910, . 
Mount Morris, 111., 6s, 1907, . 
Mount Vernon, 111., 5s ( 1912, . 
Normal, 111., 5s, 1918, . 
Nunda, 111., 5s, 1908, 
Omaha, 111., 7s, 1911, . 
Oregon, 111., 4is, 1917, . 
Pana, 111., 4s, 1918, 
Paxton, 111., 4is, 1910, . 
Pecatonica, 111., 6s, 1909, 
Pekin, 111., 4i S , 1907, . 
Piper City, 111., 6s, 1920, 
Quincy, 111., Us, 1912, . 
Quincy, 111., 4s, 1916, . 
Rock Island, 111., Us, 1912, . 
St. Charles, 111., 5s,"l913, 
Taylorsville, 111., 4i S , 1922, . 
Urbana, 111., 5s, 1911, . 
Viola, 111., 5s, 1906, 
Warren, 111., 5s, 1914, . 
Wheaton, 111., 5s, 1914, . 
Windsor, 111., 5s, 1918, . 
Woodhull, 111., 5s, 1906, 
Evansville, Ind., 5s, 1907, 
Evansville, Ind., 4As, 1912, . 
Evansville, Ind., 4s, 1912, 
Council Bluffs, la., 4i s , 1918, 
Muscatine, la., 4^s, 1918, 
Cleveland, O., 4s^l923, . 
Portsmouth, Va., 4s, 1933, 
Portsmouth, Va., 4s, 1931, 
Monroe, Wis., 5s, 1929, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe' 4s, 1955, 
Atchison, Topeka & Santa Fe adjustment 4s, 1995, 
Baltimore & Ohio 4s, 1948, . 
Baltimore & Ohio (Southwestern Div.) Shs, 1925 
Bellingham Bay & B. C. 5s, 1932, . 
Central Pacific 1st ref. 4s, 1949, 
Chicago & Alton 3|s, 1950, . 
Chicago, Burlington & Quincy (111. Div.) 3|s, 1949, 
Chicago, Burlington & Quincy (Neb. Exten.) 4s, 1927 
Chicago & Eastern Illinois 5s, 1937, 
Chicago, Mil. & St. Paul (Wis. & Minn. Div.) 5s, 1921 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago, Rock Island & Pacific 4s, 2002, 
Chicago, Rock Island & Pacific 4s, 1934, 
Elgin, Joliet & Eastern 5s, 1941, . 
Erie prior lien 4s, 1996, . 
Flint & Pere Marquette 5s, 1939, . 
Illinois Central 4s, 1952, 
Illinois Central 4s, 1953, 
Illinois Central (Louisville Div.) Us, 1953, 
Illinois Central (Western Lines) 4 s^ 1951, 
N. Y. Central & Hudson River Us, 1997, 
N. Y. Cen. & Hudson R. (Lake Shore Col.) 3? 5 s, 1998, 
Norfolk & Western 4s, 1996, . 
Northern Pacific 3s, 2047, 
Northern Pacific-Great Nor. (C, B. & Q. Col.) 4s, 1921, 
Pennsylvania convertible 3^s, 1912, . 



Book Value. 

$4,000 00 
2,000 00 

11,000 00 
4,000 00 
1,000 00 
4,350 00 
9,000 00 
6,000 00 
1,000 00 
100 00 

15,000 00 

3,000 00 

5,000 00 

200 00 

7,000 00 

20,000 00 
3,000 00 
1,700 00 

30,000 00 

29,000 00 
5,000 00 
4,000 00 

17,000 00 
8,000 00 
9,000 00 

17,000 00 

15,000 00 
7,900 00 

20,000 00 

10,000 00 

400 00 

5,400 00 

9,000 00 

9,500 00 

800 00 

10,000 00 
3,000 00 
2,000 00 

13,000 00 

25,000 00 

25,000 00 
8,000 00 
2,000 00 

75,000 00 

50,000 00 
23,456 25 
25,000 00 
22,687 50 
10,000 00 

9,975 00 
17,050 00 
20,000 00 
20,000 00 
35,000 00 
10,000 00 
50,000 00 

7,562 50 
23,906 25 
10,000 00 
24,606 25 

5,000 00 
15,000 00 
10,000 00 
19,340 00 
17,000 00 
23,937 50 
22,943 75 
2.\000 00 
18.402 50 
23.968 75 
50,000 00 



Rate. Market Value. 

102 

108 

100 

102 

103 

117 

114 

106 

103 

100 

102 

108 

106 

103 

103 

107 

101 

108 

103 

101 

101 

103 

101 

111 

104 

102 

104 

104 

106 

104 

100 

104 

104 

106 

100 

101 

103 

101 

107 

107 

103| 

100 

100 

105 



$4,080 00 
2,160 00 

11,000 00 
4,080 00 
1,030 00 

5.089 50 
10,260 00 

6,360 00 

1,030 00 

100 00 

15,300 00 

3,240 00 

5,300 00 

206 00 

7,210 00 

21,400 00 
3,030 00 
1,836 00 

30,900 00 

29,290 00 
5,050 00 
4,120 00 

17,170 00 
8,880 00 
9,360 00 

17,340 00 

15,600 00 
8,216 00 

21,200 00 

10,400 00 

400 00 

5,616 00 

9,360 00 

10,070 00 
800 00 

10,100 00 

3.090 00 
2,020 00 

13,910 00 
26,750 00 
25,781 25 
8,000 00 
2,000 00 
78,750 00 

51,000 00 
23,375 00 
25,625 00 
22,812 50 
10,350 00 

9,950 00 
15,650 00 
18,950 00 
21,100 00 
40,950 00 
11,350 00 
51,875 00 

7,912 50 
23,625 00 
11,750 00 
24,812 50 

5,500 00 
15,825 00 
10,400 00 
18,800 00 
17,977 50 
24,531 25 
22,125 00 
25,125 00 
19,156 25 
24,968 75 
51,437 50 



210 GERMAN ALLIANCE INSURANCE CO. 

Book Value. Rate. Market Value. 

Pennsylvania 34s, 1915, $6,500 00 98i $6,402 50 

Pere Marquette (Detroit River Div.) 4is, 1932, . . 39,750 00 10(T 40,000 00 

Reading Co. 4s, 1997, 9,700 00 101f 10,137 50 

Southern Pacific (Central Pac. Col.) 4s, 1949, . . 8,600 00 92 9,200 00 

Miscellaneous Bonds. 
Peoples Gas Light & Coke Co. 5s, 1947, . . . 20,000 00 105 21,000 00 

$1,616,302 91 $1,668,688 91 

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. 

Income. 

Net fire premiums, $493,097 42 

Interest on stocks and bonds, $52,211.51 ; all other, $545.38, . . 52,766 89 

Profit on sale or maturity of ledger assets, 26,168 33 

Total income, $572,022 64 

Ledger assets, Dec. 31, 1904 1,264,574 33 

Total, $1,836,596 97 

Disbursements. 

Net amount paid for fire losses, $269,072 38 

Interest and dividends to stockholders, 40,000 00 

Commissions or brokerage, ... . . . . . . 136,259 25 

Salaries, fees, etc., of officers and employees, 4,780 00 

Taxes and fees, 10,741 75 

Total disbursements, $460,853 38 

Balance, $1,375,743 59 

Ledger Assets. 

Mortgages, $34,000 00 

Stocks and bonds (Schedule A), 1,198,133 53 

Cash in banks 56,765 09 

Agents 1 balances, 86,844 97 

Total ledger assets, $1,375,743 59 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $229.50; stocks and bonds, $ 3,530, .... 3,75950 

Market value of stocks and bonds over book value, . . . 107,385 53 

Gross assets, $1,486,888 62 

Assets not admitted. 
Special deposits less $37,749.61 liability thereon, .... 63,48789 

Total admitted assets, $1,423,400 73 

Liabilities. 

Unpaid losses, $69,015 89 

Unearned premiums on outstanding risks, 350,390 13 

All liabilities, except capital and surplus, $419,406 02 



GERMAN ALLIANCE INSURANCE CO. 



211 



Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 

Total liabilities, ... 



. $1,003,994 71 



$400,000 00 
603,994 71 

1,423,400 73 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, .... f 60,976,044 00 $621,447 04 
Fire risks written during 1905, 58,605,964 00 610,848 83 



Total, . . 
Risks expired and terminated, . 

In force at end of year, 



$119,582,008 00 $1,232,295 87 
. 54,134,205 00 562,533 96 



. $65,447,803 00 $669,761 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 (10 per cent.), . 
Company's stock owned by directors, 



13,052,010 00 

1,681,314 00 

255,463 00 

168,000 00 

40,000 00 

74,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. Book Value. 

200 shares Baltimore & Ohio, preferred, . . . $19,575 00 

600 " Chicago, Milwaukee & St. Paul, preferred, 93,224 44 

200 " Chicago & Northwestern, preferred, . . 32,837 50 

30 " Chicago & Northwestern, common, . . 3,000 00 

300 " Erie, 1st preferred, 24,487 50 

500 " Hocking Valley, preferred, . . . 41,100 00 

2,937 " Pennsylvania, 173,557 50 

100 " Rensselaer & Saratoga, guaranteed, . . 18,250 00 

1,000 " Southern, preferred, 93,287 50 

500 " Union Pacific, preferred, .... 41,650 00 

228 shares Citizens' Central Nat'l, New York, N. Y., 38,020 00 

125 " Nat'l B'k of Commerce, New York, N. Y., 24,056 25 

Miscellaneous Stocks. 

200 shares American Sugar Refining Co., preferred, . 27,737 50 

85 " Consolidated Gas Co., New York, . . 17,352 50 

10 " Underwriters' Salvage Co., New York, . 1,000 00 

Government, State and Municipal Bonds. 

United States 4s, 1925, 159,781 28 

United States 2s, 1930, 10,605 73 

Massachusetts 34s, 1913 19,451 18 

Massachusetts 3^s, 1942, 1,067 50 

New York, N. Y., 3|s, 1928, 79,070 49 

Railroad Bonds. 

Atchison, Topeka & Santa Fe general mort. 4s, 1995, . 9,917 23 

Atchison, Topeka & Santa Fc 4s, 1912, . . . 23,625 00 

Central of New Jersey 5s, 1987, 11,212 50 

Central of New Jersey 5s, 1987, 11,156 00 

Chic, Burlington & Quincy (Illinois Div.) 3^s, 1949, . 1,500 00 

Chicago & Eastern Illinois 6s, 1934, .... 32,125 00 

Erie 4s, 1953, 2,000 00 

Kanawha & Hocking Coal & Coke Co. 5s, 1951, . . 20,500 00 

Missouri, Kansas & Texas 1st mortgage 4s, 1990, . . 21,766 25 

Nor. Pacific-Gt. Northern (C, B. & Q. Col.) 4s, 1921, . 27,992 50 

Oregon Short Line 4s, 1929, 24,281 25 

Second Avenue, New York, 5s, 1948, .... 27,5:51 25 

Southern 5s, 1994, 11,723 64 

Utah & Northern 7s, 1908, 24,000 00 

Miscellaneous Bonds. 

American Tobacco Co. 4s, 1951, 14,870 75 

Consolidated Gas Co. 6s, 1909, 1,000 00 



Rate. 

98 
188* 
245 " 
223 

81 

94 
143* 
208 
100£ 

99^ 

144 
195 

140 

186f 
100 

130 
102| 
lOlf 
105^ 
99£ 

101 £ 

97' 

1311 

131^ 
94| 

134 

107± 

103 
99 

m 

96j 
112 
118 
1063 



79 
167 



Market Value. 
$19,600 00 
113,100 00 

49,000 00 
6,690 00 

24,300 00 

47,000 00 
210,913 31 

20,800 00 
100,250 00 

49,750 00 

32,832 00 
24,375 00 

28,000 00 

15,873 75 

1,000 00 

169,000 00 

10,2,37 50 

19,308 75 

1,052 50 

74,437 50 

10,187 50 
24,250 00 
13,175 00 
13,175 00 

1,895 00 
33,500 00 

2,145 00 
20,600 00 
24,750 00 
27,965 00 
23,781 25 
28,000 00 
11,800 00 
21,275 00 

15,800 00 
1,670 00 



212 



GERMAN-AMERICAN INSURANCE CO. 



Edison Illuminating Co., New York, 5s, 1995, 
Western Union Telegraph Co. 5s, 1938, 



Book Value. 

$11,695 83 

2,124 46 

$1,198,133 53 



Rate. 

119 

106A 



Market Value. 

$11,900 00 

2,130 00 

$1,305,519 06 



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, $5,675,769 96 

Interest on mortgage loans, $1,939.02; stocks and bonds, $508,- 

799.72; all other, |4,992.38, 515,73112 

1,200 00 
207,123 14 



Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 



Ledger assets, Dec. 31, 1904, .... 

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, . 

Taxes and fees, 

Loss on sale or maturity of ledger assets, . 
Advertising, printing and stationery, 
Inspections and traveling expenses, . 
Underwriters 1 associations, inspections and maps, 
Mercantile agency, legal expenses, . 
Office furniture, cleaning and lighting, 
Postage, express, telephone and telegraph, 
All other disbursements, 



Total disbursements, 

Balance, ....... 

Ledger Assets. 

Real estate, $15,000; mortgages, $211,000, 
Stocks and bonds (Schedule A), 
Cash in banks and olfice, ..... 
Agents 1 balances, ...... 

Total ledger assets, 



. $6,399,824 22 
. 12,545,750 27 

$18,945,574 49 



52,673,238 68 

450,000 00 

1,024,337 84 

236,199 70 

35,488 28 

147 89 

166,408 02 

49,125 00 

64,303 85 

180,576 19 

119,144 32 

19,840 89 

12,411 58 

60,746 94 

49,006 21 



. $5,140,675 39 
$ 13,804,899 10 



. $226,000 00 

. 12,126,691 45 

509,705 60 

942,502 05 

$13,804,899 10 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $2,291.25; stocks and bonds, $45,304.50; other 

assets, $2,893.56, . 50,489 31 

Market value of stocks and bonds over book value, .... 1,333,083 68 



Gross assets, 1 



$15,186,242 09 



* Including $750,000 special reserve held under New York law. 



GERMAN-AMERICAN INSURANCE CO. 



213 



Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $145,767 liability thereon, 

Total unadmitted assets, 

Total admitted assets, 



$8,653 37 
111,208 00 



19,861 37 



115,066,380 72 



Liabilities. 

Unpaid losses, including $68,935 resisted, $690,857.30; less re- 
insurance, $162,606.42, 

Unearned premiums on outstanding risks, $5,265,884.23 ; plus same 
on disallowed reinsurance, $16,561.06, ...... 

Salaries and other miscellaneous expenses, due or accrued, 

Commissions and other charges due agents and brokers, . 

Due for return premiums, $6,800.52 ; reinsurance, $268,204.87, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



5,938,386 85 



Total liabilities, 



$528,250 88 

5,282,445 29 

4,275 17 

38,017 14 

275,005 39 

?6,127,993 87 

1,500,000 00 

. 7,438,386 85 

$15,066,380 72 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



11,124,415,342 00 
930,972,086 00 

12,055,387,428 00 
815,160,724 00 

$1,240,226,704 00 
231,379,107 00 



Premiums. 

$10,648,170 83 
9,072,148 19 

$19,720,319 02 
8,044,530 96 

11,675,788 06 
1,738,037 53 



$1,008,847,597 00 $9,937,750 53 



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, 



$80,951,132 00 

42,669,069 00 

2,562,835 00 

6,615,000 00 

450,000 00 

230,300 00 



Schedule A. Stocks and Bonds owned by the Company. 



100 

500 

1,900 

2,700 

1,000 

2,900 

1,200 

700 

910 

500 

1,700 

200 

1,000 

315 

1,222 

300 



Railroad Stocks. 
shares Albany & Susquehanna, 

" Atchison, Topeka & Santa Fe, preferred, 

" Baltimore & Ohio, preferred, 

" Baltimore & Ohio, common, 

" Cayuga & Susquehanna, 

11 Chicago, Milwaukee & St. Paul, preferred, 

" Chicago, Milwaukee & St. Paul, common, 

" Chicago & Northwestern, preferred, . 

" Chicago & Northwestern, common, . 

" Cleveland, C, C. & St. Louis, preferred, 

" Delaware & Hudson, .... 

" Detroit, Hillsdale & Southwestern, . 

" Erie, 1st preferred, .... 

" Great Northern, preferred, 

" Hocking Valley, preferred, 

" Lake Erie & Western, preferred, 



Book Value. 

$17,000 00 

51,750 00 

178,700 00 

246,001 25 

40,500 00 

442,812 50 

168,287 50 

111,285 00 

130,737 50 

40,712 50 

280,362 50 

19,400 00 

74,325 00 

58,740 02 

86,906 28 

33,037 50 



Kate. 

240 

105 

98 
113| 
215 
188}, 
181| 
245 
223 
118* 
220 " 
104 

81 
274 

94 

95 



Market Value. 
$24,000 00 

52,500 00 
186,200 00 
307,462 50 

64,500 00 
546,650 00 
218,100 00 
171,500 00 
202,930 00 

59,250 00 
374,000 00 

20,800 00 

81,000 00 

80,310 00 
114,868 00 

28,500 00 



214 



GERMAN-AMERICAN INSURANCE CO. 



1,000 shares Manhattan Elevated, . 

100 " Minneapolis & St. Louis, 

245 " Mobile & Birmingham, 

1,200 " Morris & Essex, . 

2,633 " New York & Harlem, 

200 " New York, Lackawanna & Western, 

1,000 " Norfolk & Western, preferred, . 

390 " Northern Pacific, 

10 " Northern Securities, . 

6,666 " Pennsylvania, .... 

950 " Pittsburg, Cin., Chic. & St. L., preferred 

450 " Pittsburg, Ft. Wayne & Chicago, 

500 " Rensselear & Saratoga, 

100 " St. L.& San F., trust certs, for C. & E. Ill 

500 " Second Avenue, ..... 

3,100 " Southern, preferred, . . . 

1,000 " Third Avenue, 

3,400 " Union Pacific, preferred, . 

Bank Stocks. 
100 shares Amer. Exchange Nat., New York, N. Y 
475 " Citizen's Cen. National, New York, N. Y 
400 " Fourth National, New York, N. Y., . 
221 " German American, New York, N. Y., 
90 " Merchant's National, New York, N. Y., 
526 «' Nat. Bk. of Commerce, New York, N. Y. 
400 " New York Trust Co., N. Y., 

Miscellaneous Stocks. 
1,500 shares American Sugar Refining Co., preferred, 
500 " American Telephone & Telegraph Co., 
570 " Consolidated Gas Co., 
600 " Pullman Co., .... 
233 " Realty Associates, 
750 " Standard Oil Co., 
20 " Underwriters Salvage Co., N. Y., 

Government, State and Municipal Bonds. 
United States 4s, 1925, . 
New Mexico 6s, 1923, . 

Toronto, Canada, 3^s, 1912, . 

Brooklyn, N. Y., 3js, 1936, . 

New York, N. Y., 3s, 1907, . 

New York, N. Y., 3is, 1928, . 

New York, N. Y., 3is, 1927, . 

New York, N. Y., 3is, 1928, . 

New York, N. Y., 3s, 1908, . 

New York, N. Y., 3&B, 1929, . 

New York, N. Y., 3is, 1941, . 

New York, N. Y., 4s, 1906, . 

New York, N. Y., 4£s, 1908, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 

Atlantic Coast Line 4s, 1952, 

Atlantic Coast Line (Louisville & Nashville) 4s, 1952 

Baltimore & Ohio 4s, 1948, 

Bait. & Ohio (Pitts., Lake Erie & W. Va.) 4s, 1941, 

Baltimore & Ohio (Southwestern Div.) 3|s, 1925, 

Central of New Jersey 5s, 1987, 

Central of New Jersey 5s, 1987, 

Chesapeake & Ohio 4^s, 1992, 

Chicago & Alton 3s, 1949, . 

Chicago & Alton 3|s, 1950, . 

Chicago & Eastern Illinois 6s, 1934, 

Chicago & Northwestern 5s, 1929, . 

Chicago & Northwestern 6s, 1929, . 

Chicago & Northwestern 5s, 1933, . 

Chicago, Milwaukee & St. Paul (La Crosse) 5s, 1919, 

Chicago, Milwaukee & St. Paul (C. & P. W.) 5s, 1921 

Chicago, Mil. & St. Paul (Southern Minn.) 6s, 1910, 

Chicago, Rock Island & Pacific 6s, 1917, 

Cleveland, Col., Cin. & Ind. 7s, 1914, . 

Cleveland, Col., Cin. & Ind. 6s, 1934, . 



Book Value. 

$132,950 00 

8,400 00 

22,603 73 

98,100 00 

385,734 50 

23,600 00 

91,525 00 

74,193 37 

1,902 91 

396,648 75 

92,793 75 

86,962 50 

90,500 00 

12,968 33 

104,762 51 

289,043 75 

130,700 00 

297,437 50 

17,100 00 

74,355 88 

70,000 00 

17,901 00 

6,750 00 

105,028 00 

260,000 00 

202,925 00 
70,560 00 

107,724 00 

122,155 00 
30,475 00 

251,017 50 
2,000 00 

135,591 20 

11,700 00 

106,370 00 

102,500 00 

448,175 00 

53,750 00 

26,937 50 

54,210 00 

98,500 00 

53,990 00 

26,856 08 

300,000 00 

153,675 00 

46,310 83 
25,343 75 
200,000 00 
100,000 00 
49,468 92 
46,135 47 
58,465 50 
16,718 75 
103,563 33 
22,283 75 
21,086 34 
31,446 00 
70,228 68 
39,850 00 
60,489 25 
65,400 00 
33,675 00 
11,737 50 
64,000 00 
61,637 50 
13,382 50 



Kate. Market Value. 
162£ 

80 

90 
188 
395 
136 

921 
203" 
275 
143| 
106 
182^ 
208 ~ 
178 
207* 
100| 
136 

991 



265 
144 

220 
160 
170 
195 
720 

140 

138 

186| 

245 

165 

699 

100 

130 

114| 
97^ 

100 
99i 
99| 
99* 
99* 
98£ 
99* 
99 

100 

1021 

101| 

100 
94 

1021 
97| 
91* 

131| 

131f 

106i 
8l| 
78* 

134 

110 

116 

115 

1111 

113 

107f 

119| 

120 

131* 



$162,250 00 

8,000 00 

22,050 00 

112,800 00 

520,017 50 

27,200 00 

92,500 00 

79,170 00 

2,750 00 

478,702 13 

100,700 00 

82,125 00 

104,000 00 

17,800 00 

103,750 00 

310,775 00 

136,000 00 

338,300 00 

26,500 00 

68,400 00 

88,000 00 

26,520 00 

7,650 00 

102,570 00 

288,000 00 

210,000 00 
69,000 00 

106,447 50 

147,000 00 
38,445 00 

524,250 00 
2,000 00 

136,500 00 

11,437 50 

107,525 00 

100,000 00 

452,725 00 

49,625 00 

24,812 50 

49,625 00 

98,875 00 

49,625 00 

24,750 00 

300,000 00 

153,750 00 

50,937 50 
25,000 00 
188,000 00 
102,500 00 
48,750 00 
45,625 00 
65,875 00 
19,762 50 
106,500 00 
20,375 00 
19,562 50 
33,500 00 
71,500 00 
40,600 00 
63,250 00 
66,825 00 
33,900 00 
10,737 50 
59,875 00 
60,000 00 
13,125 00 



GERMAN-AMERICAN INSURANCE CO. 



215 



Cleve., Cin., Chic. & St. Louis (St. Lo. Div.) 4s, 1990, 

Columbus & Ninth Avenue 5s, 1993, 

El Paso, Rock Island 5s, 1951, 

Erie 7s, 1920, .... 

Erie (Pennsylvania Coll.) 4s, 1951 

Erie general lien 4s, 1996, 

Erie 4s, 1953, .... 

Hocking Valley 4|s, 1999, . 

Kanawha & Hocking Coal & Coke 5s, 1951, . 

Lake Shore & Michigan Southern 4s, 1928, . 

Lexington Avenue & Pavonia Ferry 5s, 1993, 

Little Miami 5s, 1912, 

Louisville & Nashville & Mobile & Mont. 44s, 1945, 

Louisville & Nashville 4s, 1940, . 

Louisville & Nashville (Southern) 4s, 1952, 

Metropolitan Street 5s, 1997, . 

Minneapolis, Lyndale & Minnetonka Street 5 s, 919, 

Minneapolis & St. Louis (Iowa Ext.) 7s, 1909, 

Minneapolis & St. Louis 4s, 1949, . 

Minneapolis, St. Paul & Sault Ste Marie 4s, 1938 

Mobile & Ohio (Montgomery) 5s, 1947, 

Montana Central 6s, 1937, .... 

Missouri Pacific 5s, 1920, .... 

Missouri Pacific 5s, 1917 

Missouri Pacific 6s, 1920, .... 

Nashville, Chattanooga & St. Louis 5s, 1928, 

New York, Chicago & St. Louis 4s, 1937, 

New York, Lackawanna & Western 6s, 1921, 

New York, Susquehanna & Western 5s, 1937, 

New York, Susquehanna & Western Term. 5s, 1943, 

Norfolk & Western (Pocahontas) 4s, 1941, 

Nor. Pacific-Gt. Northern (C, B. & Q. Coll.) 4s, 1921 

Oregon Short Line 4s, 1929, . 

Pennsylvania 3^s, 1915, . . 

Pennsylvania Co. 44s, 1921, . 

Pennsylvania Co. 4|s, 1921, . 

Pennsylvania convertible 34s, 1912, 

Rio Grande- Western 4s, 1939, 

Southern Pacific (Central Pacific Coll.) 4s, 1949, 

Southern Pacific 4s, 1955, 

Southern 5s, 1994, .... 

St. Paul, Minn. & Manitoba 6s, 1933, 

St. Lawrence & Adirondack 5s, 1996, 

St. Louis, Iron Mountain & Southern 4s, 1929, 

St. Louis, Iron Mountain & Southern 5s, 1931, 

St. Louis & San Francisco 4s, 1951, 

Santa Fe, Prescott & Phoenix 5s, 1942, 

34th Street Crosstown 5s, 1996, 

Troy (N. Y ) City 5s, 1942, 

Union Pacific 4s, 1947, . 

Utah & Northern 7s, 1908, 

West Shore 4s, 2361, 

West Shore 4s, 2361, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
American Tobacco Co. 4s, 1951, 
Edison Electric Illuminating Co., New York, 5s, 1995 
N. Y. Gas & Elec. Light, Heat & Pow. Co. 4s, 1949, 
N. Y. Gas & Elec. Light, Heat & Pow. Co. 5s, 1948, 
Standard Gas Light Co. 5s, 1930, .... 
United States Steel Corporation 5s, 1963, 
Western Union Tel. Co. 5s, 1938, .... 



Book Value. 

$46,000 00 

29,372 00 

52,615 00 

210,487 50 

164,411 75 

84,075 42 

7,000 50 

83,130 65 

82,000 00 

95,000 00 

29,000 00 

27,500 00 

104,000 00 

50,830 55 

90,737 65 

36,579 86 

21,500 00 

12,625 00 

9,750 00 

24,562 50 

55,187 50 

65,925 00 

85,024 15 

10,250 00 

58,625 00 

24,937 50 

46,575 00 

130,000 00 

25,000 00 

26,968 75 

86,750 00 

148,613 34 

193,069 45 

240,750 00 

40,330 00 

47,730 00 

48.124 30 
16,882 14 
22,953 81 
48,505 29 

173,604 95 
87,541 25 

27.125 00 
45,436 30 
84,680 01 
44,397 24 
30,450 00 
56,250 00 
26,250 00 
51,760 56 
20,623 58 
47,135 00 

6,427 50 

96,500 00 
37,881 68 
37,829 17 
23,312 50 
27,166 65 
29,125 00 
90,912 07 
26,000 00 



Rate. Market Value. 



lOOi 
118" 
106f 
130 

93 

92 
107^ 
1074 
103" 

99^ 
117 
1064 
108" 
1031 

944 
1124 
107| 
107* 

96" 
100 
113 
134 
1054 
103f 
122 
113 
103 
126^ 

H*I 
118 

93£ 
99J 
95J 
984 
106| 
106$ 
102| 
98 
92 
95 
118 
1364 
120" 
92| 
114J 
85| 
108 
112 
110 
104| 
106& 
105| 
105| 

944 

79" 
119 

89 
108i 
110 

96 



$12,126,691 45 



$50,250 00 
29,500 00 
53,375 00 

195,000 00 
162,750 00 
92,000 00 
7,507 50 
80,625 00 
82,400 00 
99,500 00 
29,250 00 
26,625 00 

108,000 00 
51,750 00 
94,500 00 
39,375 00 
26,875 00 
10,750 00 
9,600 00 
25,000 00 
56,500 00 
73,700 00 
86,510 00 
10,387 50 
61,000 00 
28,250 00 
46,350 00 

126,250 00 
28,593 75 
29,500 00 
93,500 00 

149,812 50 

190,250 00 

236,400 00 
39,405 00 
45,795 00 
51,437 50 
17,640 00 
23.000 00 
47,500 00 

177,000 00 
96,915 00 
30,000 00 
46,375 00 
86,156 25 
42,875 00 
31,320 00 
56,000 00 
27,500 00 
52,375 00 
19,147 50 
46,365 00 
6,322 50 

94,500 00 
39,500 00 
41,650 00 
22,250 00 
27,062 50 
27,500 00 
96,000 00 
26,625 00 

$13,457,545 13 



216 



THE GERMAN- AMERICAN FIRE INSURANCE CO. 



THE GERMAN-AMERICAN FIRE INSURANCE COMPANY, 

BALTIMORE, MD. 

Incorporated June 10, 1880. Commenced business Sept. 29, 1880. 

Paid-up Capital, $200,000. 

MARTIN MEYERDIRCK, President. HERMAN KNOLLENBERG, Secretary. 

Home Office, 411 E. Baltimore Street. 

Income. 

Net fire premiums, 

Interest on mortgage loans, $7,566.93 ; collaterals, $146.50 ; stocks 
and bonds, $8,862.49 ; all other, $15.38, 

Rents, 

Profit on sale or maturity of ledger assets, 
Appreciation in book value of stocks, 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



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, $965.96 ; other taxes and fees, $3,288. 

Loss on sale or maturity of ledger assets, . 

General expenses, 



Total disbursements, 
Balance, 



Ledger Assets. 
Real estate, $54,534.62 ; mortgages, $129,986.71, . 
Loans secured by collateral (life insurance policy), . 
Stocks and bonds (Schedule A), 
Cash in banks and office, .... 

Agents 1 balances, 

Deposit with Philadelphia Tariff Association, 



14, 



,114 11 



16,591 30 

2,307 96 

936 05 

2,594 00 



$166,543 42 
385,833 79 

$552,377 21 



$44,353 30 

11,812 96 

32,722 39 

11,227 12 

521 16 

4,254 10 

3,968 06 

6,010 14 

$114,869 23 

$437,507 98 



$184,521 33 

750 00 

211,299 50 

18,089 58 

22,647 57 

200 00 

Total ledger assets, $437,507 98 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $1,557.56; stocks and bonds, $3,082.27, . 
Rents accrued on company's property, 



4,639 83 
115 00 



Gross assets, 



$442,262 81 



Assets not admitted. 

Agents' balances over three months due, . . . $217 97 

Book value of stocks and bonds over market value, . 2,294 50 

Deposit with Philadelphia Tariff Association, . . 200 00 

Total unadmitted assets, 



2,712 47 



Total admitted assets, $439,550 34 



THE GERMAN-AMERICAN FIRE INSURANCE CO. 



217 



Liabilities. 

Unpaid losses, $10,027.71 ; less reinsurance, $1,513.62, . 
Unearned premiums on outstanding risks, $119,968.81 ; plus same 

on disallowed reinsurance, $9,266.95, 

Reclaimable on perpetual fire policies, 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, 
Due for return premiums, $3,884.42 ; reinsurance, f 1,812.62, . 



$8,514 09 

129,235 76 
623 37 

799 44 

350 00 

5,727 04 

$145,249 70 

200,000 00 
94,300 64 

Total liabilities, $439,550 34 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$294,300 64 



Risks and Premiums. 



$23,165,056 00 

20,793,550 00 

$43,958,606 00 
16,272,805 00 

,$27,685,801 00 
1,806,257 00 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not included above), . . $22,275 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 (6 per cent.), . 
Company's stock owned by directors, 



Premiums. 

$208,796 30 
183,715 80 

$392,512 10 
148,203 45 

$244,308 65 
19,285 19 



. $25,879,544 00 $225,023 46 



$623 37 



$1,404,159 00 

895,427 00 

50,796 00 

289,080 00 

12,000 00 

42,175 00 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. 

132 shares Citizens' National, Baltimore, Md., 
100 " Merchants' National, Baltimore, Md., 

133 " National Exchange, Baltimore, Md., . 
50 " National Mechanics', Baltimore, Md., 
28 " Second National, Baltimore, Md., 

100 " Western National, Baltimore, Md., 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
150 " Merchants' & Miners' Transportation Co. 
75 " United States Fidelity & Guaranty Co., 

Municipal Bonds. 
Baltimore, Md., 34s, 1940, 
Baltimore, Md., 3|s, 1930, 
Baltimore, Md., 5s, 1916, 
Baltimore, Md., 5s, 1916, 
Baltimore, Md., 3|s, 1954, 
Baltimore, Md., 4s, 1925, 
Baltimore, Md., 3is, 1928, 
Baltimore, Md., 3|s, 1945, 

Miscellaneous Bonds. 
Baltimore Co., Water & Electric Co. 5s, 1940, 



Book Value. 

$3,828 00 

18,500 00 

24,339 00 

1,250 00 

5,320 00 

3,900 00 

150 00 
27,450 00 
10,312 50 

41,516 00 
8,715 00 
5,472 0.0 
3,192 00 

32,400 00 
1,710 00 
6,825 00 
6,420 00 



Rate. 
285 
180 
180 
255 
188 
190 

100 
175 
138 

106£ 

106^ 

114 

114 

108 

111 

105 

109 



10,000 00 100 



Market Value. 

$3,762 00 

18,000 00 

23,940 00 

1,275 00 

5,264 00 

3,800 00 

150 00 
26,250 00 
10,350 00 

41,322 00 
8,798 00 
5,472 00 
3,192 00 

32,400 00 
1,665 00 
6,825 00 
6,540 00 

10,000 00 



$211,299 50 



$209,005 00 



218 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



GERMAN FIRE INSURANCE COMPANY OF PEORIA, PEORIA, ILL. 

Incorporated 1876. Commenced business May, 1876. 

Paid-up Capital, $200,000. 

BERNARD CREMER, President. CHARLES CREMER, Secretary. 

Home Office, 124 Bridge Street. 

Income. 
Net fire premiums, 



Interest on mortgage loans, $16,205.44; collaterals, $ 2,656. 78; 

stocks and bonds, $10,9l)2, 

Rents, 

Profit on sale or maturity of ledger assets, 

From all other sources, 



Total income, 



$610,288 13 

29,764 22 

3,096 19 

17,116 25 

335 87 

$660,600 66 



Ledger assets, Dec. 31, 1904, . 681,005 25 



Total $1,341,605 91 

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, $100 ; other taxes and fees, $11,497. 17 

Adjusting, 

Travel, 

Furniture and fixtures, ...... 

Postage, 

Advertising, 

Printing, 

General expenses, 



Total disbursements, 
Balance, 



Ledger Assets 

Real estate, $70,000 ; mortgages, $235,675.60, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 
Agents' balances, 



$237,090 60 

18.000 00 
176,172 65 

9,390 00 

600 00 

268 35 

11,597 17 

3,607 11 

1,252 79 

1,173 75 

2,828 15 

251 70 

5,318 42 

11.001 13 

$478,551 82 
$863,054 09 



$305,675 60 

38,250 00 

246,150 56 

164,961 77 

108,016 16 



Total ledger assets, • $863,054 09 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $5,672.59 ; stocks and bonds, $4,530.50; collateral 

loans, $1,560, ... 11,763 09 

Market value of stocks and bonds over book value, .... 14,414 44 



Gross assets, 



,231 62 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



219 



Assets not admitted. 

Agents' balances over three months due, . 
Book value of real estate over market value, . 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including f 2,803. 24 resisted, 
Unearned premiums on outstanding risks, $506,671 
on disallowed reinsurance, $4,312.85, 

All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$5,023 25 
4,000 00 



),023 25 



$880,208 37 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



63 ; plus same 



$328,463 14 



),760 75 

510,984 48 

$551,745 23 

200,000 00 
128,463 14 

$880,208 37 



Premiums. 

$55,787,644 00 $680,924 46 
47,371,511 00 747,983 43 



$103,159,155 00 $1,428,907 89 
. 29,033,488 00 479,160 78 



$74,125,667 00 $949,747 11 
1,597,604 00 21,478 57 



$72,528,063 00 $928,268 54 



Miscellaneous. 

Premiums received from organization of company, .... $5,523,735 00 

Losses paid from organization of company, 2,138,733 00 

Fire losses incurred during the year, 257,000 00 

Cash dividends declared from organization of company, . . . 338,000 00 

Stock dividends declared from organization of company, . . . 21,387 00 

Dividends declared during the year (9 per cent.), .... 18,00000 

Company's stock owned by directors, 159,700 00 

Schedule A. Securities held as Collateral. 



100 shares Commercial-German National Bk., Peoria, 111. 

100 " Colburn Birks & Co., Peoria 111 

41 " Commercial-German National Bk., Peoria, 111., 
10 " Commercial-German National Bk., Peoria, 111. 
10 " Commercial-German National Bk., Peoria, 111., 
37 " Commercial-German National Bk., Peoria, 111., 
25 " National Hotel Co., Peoria, 111., . 
25 " Clark Quien & Morse, Peoria, 111., 

Creve Coeur Club, Peoria, 111., 5s, 1914, 
10 shares Commercial-German National Bk., Peoria, 111., 



Company's 
Market Value. 

$22,500 00 
12,500 00 
9,225 00 
2,225 00 
2,225 00 
8,325 00 
2,500 00 
2,500 00 
1,000 00 J 
2,250 00 



Loaned 
Thereon. 

$10,000 00 
8,000 00 
6,000 00 
1,750 00 
1,500 00 

10,000 00 

1,000 00 



$65,250 00 $38,250 00 

Schedule B. Stocks and Bonds owned by the Company. 

Bank Stocks. 
100 shares Amer. National, Los Angeles, Cal., 
100 " Bankers' National, Chicago, 111., . 
50 " Central Trust Co., Chicago., 111., . 
225 " Commercial-German Nat., Peoria, 111. 
125 " Home Savings & State, Peoria, 111., 



Book Value. 


Kate. 


Market Value. 


. $11,500 00 


116i 


$11,650 00 


18,654 00 


210 


21,000 00 


8,775 00 


185 


0,250 00 


, . 39,720 81 


200 


51,000 00 


12,675 00 


150 


18,750 00 



220 



GERMAN FIRE INSURANCE CO. 



13 shares Home Savings, Los Angeles, Cal., 
100 " Nat. Bank of Commerce, New York, N. Y., . 

83 " Peoria National, Peoria, 111., 

50 " State, Chicago, 111., 

200 ■' State Bank & Trust Co., Los Angeles, Cal., . 

50 " Third National, Baltimore, Md., . 

Miscellaneous Stocks. 
50 shares Peoria Drill & Seeder Co., Peoria, 111., 
50 " Standard Loan Association, Denver, Col., . 

Municipal Bonds. 

Peoria 5s, 1910 

Peoria 4s, 1910 

Railroad Bonds. 
Chicago & Alton 3is, 1950, 



Book Value. 


Kate. 


Market Value. 


$910 00 
21,600 00 ' 

9,545 00 
12,250 00 
19,945 75 

6,500 00 


152 

195 

35 

260 
100 
130 


$988 00 
19,500 00 

2,905 00 
13,000 00 
20,000 00 

6,500 00 


2,500 00 
5,000 00 


50 
125 


2,500 00 
6,250 00 


55,175 00 
12,900 00 


103 

100 


56,547 00 
12,900 00 


8,500 00 


78:| 


7,825 00 


$246,150 56 




$260,565 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, 

Interest on mortgage loans, $15,690.65; collaterals, 

stocks and bonds, $6,127.46, 

Rents, including company's own occupancy, 



1,656.40 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $1,234.78 ; other taxes and fees, $13,769.05 

Printing and advertising, 

Adjusting expenses, 

Legal expenses, 

Miscellaneous expenses, ....... 



Total disbursements, 



Balance, 



Ledger Assets. 

Real estate, $125,823. 74; mortgages, $312,737.20, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, 

Deposit with Philadelphia Underwriters' Association, 



$568,637 70 

25,474 51 
10,393 80 

$604,506 01 
686,659 46 

$1,291,165 47 



$259,027 89 

20,000 00 

173,907 14 

22,872 96 

6,750 00 

5,056 39 

15,003 83 

12,373 10 

5,323 53 

200 00 

22,948 56 

$543,463 40 

$747,702 07 



$438,560 94 

50,580 00 

109,527 64 

56,244 42 

92,689 07 

100 00 



Total ledger assets, $747,702 07 



GERMAN FIRE INSURANCE CO. 



221 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $4,617.55 ; stocks and bonds, $93, 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, . 



$4,710 55 
24,176 26 

27,548 86 



Gross assets, 



Assets not admitted. 

Agents' balances over three months due, . 
Deposit with Philadelphia Underwriters' Associa'n, . 
Total unadmitted assets, 



1,403 39 
100 00 



,137 74 



3,503 39 



Total admitted assets, $800,634 35 



Liabilities. 

r 

Unpaid losses, #52,559.82 ; less reinsurance, $3,089.20, . 
Unearned premiums on outstanding risks, $440,117.12; plus same 

on disallowed reinsurance, $31,575. 16, 

Bills 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, 



$277,599 68 



$19,470 62 

471,692 28 

571 66 

1,300 11 

$523,034 67 

200,000 00 
77,599 68 



Total liabilities, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $68,903,039 00 

. 60,874,161 00 

$129,777,200 00 

. 49,667,467 00 



,109,733 00 
7,879,892 00 



,634 35 



Premiums. 

$813,473 90 
753,954 90 

H,567,428 80 
635,273 51 

$932,155 29 
105,489 22 



.$72,229,841 00 $826,666 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, . 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, 

Schedule A. Securities held as Collateral. 



^8,145,086 

3,947,575 

263,116 

838,000 

150,000 

20,000 00 

27,450 00 



00 
00 
00 
00 
00 



10 shares Mortgage Banking Co., 
50 " Tonapah Extension Mining Co., . 
10 " Westinghou.se Air-Brake Co., 
145 " Manufacturers' Light & Heat Co., 



Company's 
Mai ket Value. 

Si, 000 00 \ 
375 00 ( 
1,500 00 
5,002 50 



Loaned 
Thereon. 

$1,000 00 

1,000 00 
3,580 00 



222 



GERMANIA FIRE INSURANCE CO. 



14 shares Diamond National Bank, 



100 
75 

100 
10 
15 

130 
40 
25 
50 



Lustre Mining Co., 

Safe Deposit & Trust Co., . 

American Window Glass & Machine Co., 

McKees Rocks Trust Co., 

German Trust Co., .... 

American Foundry & Construction Co., 

Westinghouse Electric & Manufacturing Co 

Consolidated Ice Co., common, 

Pittshurg Brewing Co., common, . 



2ds 



Company's 
Market Value. 

$5,880 00 
3,550 00 

30,000 00 
1,250 00 
1,000 00 
2,250 00 

13,000 00 
3,980 00 
137 50 
1,312 50 J 



$70,237 50 $50,580 00 



Loaned 
Thereon. 



> $45,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Bank Stocks. 
100 shares Alleghany National, Pittsburg, Pa., 

43 " Bank of Pittsburg, N. A., Pa., . 
100 " Exchange National, Pittsburg, Pa., 

10 " Fifth Avenue, Pittsburg, Pa., 

75 " First National, Alleghany, Pa., . 
100 " German National, Pittsburg, Pa., 
6 " Metropolitan National, Pittsburg, Pa., 

90 " Second National, Alleghany, Pa., 
100 " Third National, Pittsburg, Pa., . 

Railroad Bonds. 
The Millvale, Etna & Sharpsburg Street 5s, 1923, 
Pittsburg & Birmingham Traction 5s, 1929, . 



Book Value. 

$7,260 50 

3,526 00 

8,053 00 

500 00 

12,564 50 

17,500 00 

900 00 

23,910 00 

15,053 50 

11,891 25 
8,368 89 

$109,527 64 



Rate. 
239 
366 
160 
159 
154 
265 
190 
365 
150 

107* 
113J 



Market Value. 

11,950 00 

7,869 00 

8,000 00 

795 00 

11,550 00 

26,500 00 

1,140 00 

32,850 00 

15,000 00 

12,362 50 
9,060 00 

$137,076 50 



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^EHR™^^' j Secretaries - 

Home Office, 62 William Street. 

Income. 

Net fire premiums, $2,568,527 57 

Interest on mortgage loans, $15,172.58; stocks and bonds, $187,- 

156.20; allother, $15,764.92, 218,093 70 

Rents, 26,994 45 

Profit on sale or maturity of ledger assets, 7,118 50 



Total income, 



Ledger assets, Dec. 31, 1904, 



. $2,820,734 22 
. 6,272,736 17 



Total, 



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, $8,197.80; other taxes and fees, $74,168.99, 

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

Furniture and maps, 

Advertising, ......... 

Agency and office expenses, 

Board expense, . 



$9,093,470 39 



$1,190,651 15 

200,000 00 

551,507 42 

182,388 42 

24,794 32 

15,859 05 

82,366 79 

4,257 85 

14,119 18 

8,096 28 

9,700 97 

26,375 48 



GERMANIA FIRE INSURANCE CO. 



223 



Fire patrol, 

Postage, telegraph and expressage, . 
Printing and stationery, 

Surveys, 

Legal expenses, 

Traveling expenses, 

Profit and loss, 

Total disbursements, . 

Balance, 



Ledger Assets. 

Real estate, $671,982.75 ; mortgages, $290,500, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Cash in hands of department managers, . 



Total ledger assets, 



Non-Ledger Assets. 



Interest accrued on mortgages, ...... 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, . 



Gross assets,* 



Assets not admitted. 

Agents' balances over three months due, . . . $3,346 63 

Special deposits less $71,605.84 liability thereon, . 54,728 54 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $11,885 resisted, $185,861.53; less rein- 
surance, $30,025.0.5, 

Unearned premiums on outstanding risks, $2,784,340.48 ; plus same 
on disallowed reinsurance, $3,446.96, 

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, 



1,812,873 06 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$548,907,137 00 
.345,671,742 00 

$894,578,879 00 
. 299,853,132 00 

$594,725,747 00 
. 46,287,344 00 



$6,956 18 

21,939 14 

11,914 56 

7,299 65 

2,284 31 

3,148 07 

150 00 

>,363,808 82 

1,729,661 57 



$962,482 75 

4,929,994 07 

426,190 92 

387,143 22 

23,850 61 

56,729,661 57 



6,917 50 

966 66 

83,246 56 

1,820,792 29 



58,075 17 
1,762,717 12 



$155,836 48 

2,787,787 44 
6,220 14 

^2,949,844 06 

1,000,000 00 
2,812,873 06 

^6,762,717 12 



Premiums. 

$5,161,523 96 
3,399,943 52 

$8,561,467 48 
2,930,357 89 

$5,631,109 59 
395,363 96 



$548,438,403 00 $5,235,745 63 



* Including $500,000 special reserve held under New York law. 



224 



GERMANIA 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, 



$46,032,983 00 
. 22,692,333 00 
. 1,163,248 00 
. 4,211,000 00 
200,000 00 
211,050 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

500 shares Atchison, Top. & Santa Fe, common, 
1,000 " Atchison, Top. & Santa Fe, preferred, 
1,000 " Baltimore & Ohio, common, 
1,000 " Baltimore & Ohio, preferred, . 

150 " Broadway & 7th Avenue, . 
2,000 " Buffalo & Susquehanna, preferred, . 

500 " Chic, Milwaukee & St. Paul, common, 

150 " Chic, Milwaukee & St. Paul, preferred, 
1,200 " Denver & Rio Grande, preferred, 

200 " Hocking Valley, preferred, 
111. Central, stock interest certificates, 

500 shares Manhattan, 

1,200 " Missouri Pacific, : 

1,200 " N. Y., Chicago & St. Louis, 1st preferred 

500 " Norfolk & Western, preferred, . 

2,000 " Pennsylvania, 

1,000 " Reading, 1st preferred, 

1,000 " Southern, preferred, .... 

500 " Southern Pacific, preferred, 
1,000 " St. Louis & San Francisco, 1st preferred, 
2,000 " Union Pacific, common, 

500 " Union Pacific, preferred, . 

Bank Stocks. 
125 shares German American, New York, N. Y., 
75 " National Park, New York, N. Y., 

Miscellaneous Stocks. 

1,000 shares Pullman Co., 

10 " Underwriters Salvage Co., . 
500 " Western Union Tel. Co., . 

Government Bonds. 

United States 2s, 1930 

District of Columhia 3.65s, 1924, .... 

State and Municipal Bonds. 
Georgia 34s, 1918, . . . . 

New Mexico 6s, 1923 

New Mexico 4s, 1933, 

New York, N. Y., 34s, 1953, 

New York, N. Y., Sh, 1940, 

New York, N. Y., 3*8, 1954, 

New York, N. Y., 3fs, 1954, 

Richmond, Va., 4s, "1923, 

Railroad Bonds. 
American Dock & Imp. Co., 5s, 1921, . 
Atchison, Topeka & Santa Fe 4s, 1955, 

Baltimore & Ohio 4s, 1948, 

Broadway & 7th Avenue 5s, 1943, .... 

Brooklyn Union Elevated 5s, 1950, 

Chesapeake & O. (R. & A. Div.) 1st mortgage 4s, 1989 

Chesapeake & Ohio 44s, 1992, .... 

Chicago, Burlington & Quincy 5s, 1913, 

Chicago, Mil. & St. Paul (So. Minn. Div.) 6s, 1910, 

Chicago & Northwestern 5s, 1933, 

Chicago & Northwestern 5s, 1933, 

Chicago, St. Louis & New Orleans 5s, 1951, . 

Cincinnati, Hamilton & Dayton 44s, 1908, . 

Cleveland, Col., Cincinnati & Indiana, 6s, 1934, . 



Book Value. 

$46,250 00 
97,112 50 

105,835 00 
96,250 00 
30,118 77 
89,000 00 
82,812 50 
27,543 75 

113,512 50 
18,625 00 
94,250 00 
77,537 50 

129,062 50 

130,187 50 
45,962 50 

141,350 00 
47,400 00 
95,937 50 
58,750 00 
78,275 00 

264,075 00 
38,062 50 

11,207 63 
13,165 00 

217,475 00 

1,000 00 

45,212 50 

52,429 65 
484,000 00 

10,250 00 

5,953 08 

5,221 47 

253,407 36 

282,973 45 

24,750 00 

50,000 00 

52,024 00 

28,531 25 
23,026 04 
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 
49,037 50 
31,301 25 



Rate. 

89 

105 

H3J 

98 
238 

84 

181g 
1884 

88 " 

94 

90 
162J 
100| 
118 

924 
143f 

92 
100£ 
1174 

66 
150| 



160 
490 

245 
100 
93| 

102| 
117 

1044 
H4| 
105 
98| 
99 
100 
100 
103& 

llli 

102 

1024 
115^ 
1084 
1024 
106* 
1051 
107f 
115 
115 
124 
91 
131± 



Market Value. 

$44,500 00 

105,000 00 

113,875 00 

98,000 00 

35,700 00 

84,000 00 

90,875 00 

28,275 00 

105,600 00 

18,800 00 

90,000 00 

81,125 00 

120,300 00 

141,600 00 

46,250 00 

143,625 00 

46,000 00 

100,250 00 

58,750 00 

66,000 00 

301,250 00 

49,750 00 

15,000 00 
36,750 00 

245,000 00 

1,000 00 

46,687 50 

51,187 50 
468,000 00 

10,450 00 

5,718 75 

5,250 00 

246,875 00 

247,500 00 

25,000 00 

50,000 00 

53,728 13 

27,812 50 
23,460 00 
6,150 00 
57,500 00 
16,275 00 
30,750 00 
26,625 00 
52,750 00 
26,843 75 
41,400 00 
44,850 00 
31,000 00 
45,500 00 
32,812 50 



GIRAKD FIRE AND MARINE INSURANCE CO. 



225 



Denver & Rio Grande 4s, 1936, 

Dry Dock, E. Broadway & Battery 5s, 1932, 

East Tennessee, Virginia & Georgia 5s, 1956, 

Evansville & Terre Haute 6s, 1921, 

Flint & Pore Marquette 5s, 1939, . 

Kentucky Central 4s, 1987, . 

Lake Erie & Western 5s, 1937, 

Lehigh Valley 4£s, 1940, 

Long Island 4s, 1938, 

Long Island 5s, 1931, 

Milwaukee & Northern 6s, 1910, . 

Missouri, Kansas & Texas 5s, 1944, 

Missouri Pacific 6s, 1920, 

Morgan's Louisiana & Texas R.R. & S.S. 7s, 1918 

Nashville, Chatt & St. Louis 5s, 1928, 

Northern Pac.-Gt. Nor. (C, B. & Q. Col.) 4s, 1921, 

N. Y., Brooklyn & Manhattan Beach 5s, 1935, 

N. Y., Ontario & Western 4s, 1992, 

Oregon Short Line 4s, 1929, .... 

Richmond & Danville 6s, 1915, 

St. Louis & San Francisco 4s, 1951, 

St. Paul & Northern Pacific 6s, 1923, . 

Tennessee Coal, Iron & R.R. (B. Ala. Div.) 6s, 1917, 

Third Avenue 4s, 2000, 

Toledo & Ohio Central 1st mortgage 5s, 1935, 
Wabash 1st mortgage 5s, 1939, 
Western N. Y. & Pennsylvania 5s, 1937, 
Wheeling & Lake Erie 4s, 1949, . 

Miscellaneous Bonds. 
Cons. Gas Co., N. Y., convertible debenture 6s, 1909, 
Edison Electric Ilium. Co., New York, 5s, 1910, . 



Book Value. 

$28,541 25 
10,500 00 
28,781 25 
30,281 25 
26,881 25 
21,218 75 
58,687 50 
25,031 25 
49,937 50 
16,871 25 
28,343 75 
24,781 25 
29,593 75 
32,531 25 
28,031 25 
84,511 37 
25,125 00 
50,687 50 
23,000 00 
58,437 50 
8,262 50 
19,526 25 
28,021 25 
47,812 50 
37,493 75 
58,150 00 
28,031 25 
22,781 25 

89,427 50 
27,696 25 



Kate. Market Value. 

99f 
108 
118^ 
119 
110 

99 
117^ 
108| 

99| 
115| 
107§ 
104 
122 
127 
113 

99£ 
110 
101 

95£ 
113 

85| 
124 
109 

92 
116 
115 
116i 

891 



167 
101 



$34,912 50 
10,800 00 
29,562 50 
29,750 00 
27,500 00 
24,750 00 
58,750 00 
27,187 50 
49,750 00 
17,268 75 
26,906 25 
26,000 00 
30,500 00 
31,750 00 
28,250 00 
99,875 00 
27,500 00 
50,500 00 
23,781 25 
56,500 00 
8,575 00 
19,840 00 
27,250 00 
46,000 00 
40,600 00 
57,500 00 
29,125 00 
22,406 25 

83,500 00 
25,250 00 



$4,929,994 07 



$5,013,240 63 



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, $ 27,222. 89; collaterals, 

stocks and bonds, $43,584.88 ; all other, $892.26, . 
Rents, including company's own occupancy, 
From all other sources, ... . . 

Total income, 

Ledger assets, Dec. 31, 1904, ..... 

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, 



,543.04; 



$700,172 18 
35,769 10 

79,243 07 

16,126 21 

1,031 50 

$832,342 06 
2,037,621 23 

$2,869,963 29 



$262,941 44 

30,383 02 

60,000 00 

200,398 15 

48,629 47 



226 



GIRARD FIRE AND MARINE INSURANCE CO. 



Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $4,586.15 ; other taxes and fees, $20,193.37, 

Loss on sale or maturity of ledger assets, 

Traveling expenses, 

Printing and stationery, 

Office furniture and fixtures, 

Tariff associations, 

Maps, . 

Advertising, 

Postage, telegraph, express and exchange, . 

Uncollected premiums, 

Sundries, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $230,496.32 ; mortgages, $469,350, 
Loans secured by collateral (Schedule A), 

Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, ........ 

Due from other companies, account perpetual reinsurance, 
All other, 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $6,453.08; stocks and bonds, $14,055; collateral 

loans, $967.60, 

Market value of real estate over book value, 

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



Gross assets, 

Assets not admitted. 

Agents' balances over three months due, . 
Due from unauthorized companies for reinsurance, . 
Total unadmitted assets, 



$579 37 
815 00 



$6,800 00 
8,453 60 

24,779 52 
6,990 19 
8,702 47 
9,311 36 
2,059 14 

11,098 63 

4,740 15 

831 71 

4,705 87 

852 32 

2,645 19 

$694,322 23 

2,175,641 06 



$699,846 32 

92,320 00 

1,199,381 16 

71,510 13 

106,504 16 

5,829 29 

250 00 

12,175,641 06 



21,475 68 
61,653 68 
22,117 72 

1,280,888 14 



1,394 37 



Total admitted assets, $2,279,493 77 



Liabilities. 
Unpaid losses, including $3,168 resisted, $27,535; less reinsur- 
ance, $2,618, .' 

Unearned premiums on outstanding risks, .... 
Reclaimable on perpetual fire policies, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, 



,925 75 



$24,917 00 
645,814 25 
627,836 77 

$1,298,568 02 

300,000 00 
680,925 75 



Total liabilities, $2,279,493 77 



GIRARD FIRE AND MARINE INSURANCE CO. 



227 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, .... 
Perpetual risks in force (not included above) , 



Risks and Premiums. 

Premiums. 

1111,521,691 00 $1,052,935 94 
. 89,310,266 00 963,469 14 



$200,831,957 00 $2,016,405 08 
. 64,684,606 00 686,239 96 



$136,147,351 00 $1,330,165 12 
. 10,947,765 00 142,475 13 



$125,199,586 00 $1,187,689 99 
$33,589,300 00 $697,596 41 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, . k 

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. Securities held as Collateral. 



$17,797,967 00 

. 6,857,173 00 

257,316 00 

. 2,384,694 00 

60,000 00 

45,800 00 



Lot of ground, Atlantic City, N. J., 

Lot of ground and building, Philadelphia, . 

Lot of ground and building, Philadelphia, . 

Nine lots of ground and buildings, city of Philadelphia, 

Five lots of ground and buildings, city of Philadelphia, 

Twenty-two lots of ground and buildings, Philadelphia, 

Five lots of ground and buildings, Philadelphia, 

Thirty lots of ground and buildings, Philadelphia, 



Company's 
Market Value. 

$27,000 00 

9,000 00 

2,800 00 

7,650 00 

12,000 00 

44,000 00 

14,000 00 

43,400 00 



Loaned 
Thereon. 

$10,000 00 
5,000 00 
1,600 00 
6,000 00 
7,000 00 

22,000 00 
6,000 00 

34,720 00 



$159,850 00 $92,320 00 



Schedule B. Stocks and Bonds owned by the Company 



Railroad Stocks. 

200 shares Metropolitan Street, 
50 " Ohio & Little Kanawha, 
50 " Ohio & Little Kanawha, preferred, 

210 " Pennsylvania, .... 
45 " Philadelphia & Darby Passenger, 

300 " Philadelphia Traction Co., . 

Bank Stocks. 
100 shares Continental Title & Trust Co., Phila., Pa., 

Miscellaneous Stocks. 
121 trust certificates Lehigh Coal & Navigation Co., 
320 shares Pennsylvania Salt Manufacturing Co., 

20 ■■ Philadelphia Bourse, .... 

20 " Philadelphia Bourse, preferred, . 
200 " United Gas Improvement Co., 

State and Municipal Bonds. 
Georgia 4-i,s, 1907, . 
Duluth, Minn., 4is, 1927, 
Camden, N. J., 4s, 1926, 
Philadelphia, Pa., 3s, 1911, . 
Seattle, Wash., 5s, 1910-13, . 

Railroad Bonds 
American Railways 5s, 1911, 
Atlantic Coast Line (Louisville & Nashville) 4s, 1952 
Chesapeake & Ohio Car Trust 4s, 1908, . 



Book Value. 
$24,975 50 



11,900 00 

2,250 00 

29,062 00 



Kate. 

125 

1 

24 

143f 

90 

201 



2,500 00 188 



5,812 50 
31,032 64 

1,000 00 

500 00 

18,932 69 

28,000 00 
15,300 00 
20,417 54 
55,513 15 
50,000 00 

5,100 00 

19,200 00 

9,655 00 



234 
229 

7 

5 
188i 

1011 
110" 
107| 
98^ 
106 

101* 

94 
99 



Market Value. 

$25,000 00 

50 00 

1,200 00 

15,080 63 

2,025 00 

30,150 00 

4,700 00 

14,157 00 

36,640 00 

70 00 

25 00 

18,850 00 

25,375 00 
16,500 00 
21,550 00 
54,037 50 
53,000 00 

5,075 00 

18,800 00 

9,900 00 



228 



GIRARD FIRE AND MARINE INSURANCE CO. 



Choctaw, Oklahoma & Gulf 5s, 1952, . 
Coal River 4s, 1945, . • . . . 
Colorado Southern 4s, 1929, . 
Connecticut Railway & Lighting 4^s, 1951, 
Consolidated Traction of New Jersey 5s, 1933, 
Delaware 4^s, 1932, . . . ' . 

East McKeesport Street 5s, 1929, . 
Elmira Water, Light & R.R. 5s, 1949, . 
Fort Pitt Traction, Pittsburgh, 5s, 1935, 
Indianapolis Street 4s, 1933, . 
Iron Mountain Car Trust 5s, 1911, 
Kansas City Southern 3s, 1950, 
Lehigh Valley 4±s, 1940, 
Lehigh Valley 4|s, 1923, 

Lehigh Valley 4s, 2003 

Lehigh & Wilkesbarre Coal Co. 4^s, 1910, 

Lynn & Boston 5s, 1924, 

Mt. Washington Street 5s, 1933, . 

Newark Passenger 5s, 1930, . 

New Orleans Terminal 4s, 1953, 

Norfolk & Western equipment trust 4s, 1911 

Norfolk & Western 4s, 1944, . 

Norfolk Railway & Light 5s, 1949, 

North Hudson County 5s, 1924, 

Pennsylvania 6s, 1910, .... 

Pennsylvania equipment trust 3|s, 1909, 

Philadelphia, Wilmington. & Baltimore 4s, 1921, 

Philadelphia, Wilmington & Baltimore 4s, 1932, 

Philadelphia & West Chester Traction 4s, 1954, 

Philadelphia & Reading Terminal 5s, 1941, 

Pitts., Cin., Chicago & St. Louis 4£s, 1940, 

Public Service Corporation of New Jersey 5s, 

Reading Co. (Jersey Central Col.) 4s, 1951, 

Schuylkill Valley Traction Co. 5s, 1945, 

Second Avenue, New York, 5s, 1948, 

Southern Pacific 4s, 1955, 

Southern car trust 4|s, 1909, . 

Southern equipment" trust 4-|s, 1907, 

Southern equipment trust 4-is, 1908, 

St. Louis, Iron Mt. & Southern 4s, 1933 

Steubenville Traction & Light 5s, 1926, 

Toledo & Ohio Central 4s, 1951, . 

Toledo, St. Louis & Western 3£s, 1925, . 

Wabash, Pittsburgh Terminal 4s, 1954, 

Wilkinsburg & East Pittsburgh Street 5s, 1929, 

Miscellaneous Bo?ids. 
Altoona Gas Co. 5s, 1932, .... 
American Telephone & Telegraph Co. 4s, 1929, 
Beech Creek Coal & Coke Co. 5s, 1944, 
Consolidated Gas Co., Pittsburgh, Pa., 5s, 1948, 
Economy Light & Power Co. 5s, 1915, . 
Elgin American Gas Co. 5s, 1950, . 
Glens Falls Gas & Electric Light Co. 5s, 1919, 
Hamilton Real Estate Co. 5s, 1927, 
Hudson River Gas & Electric Co. 5s, 1929, . 
Hutchinson, Kan., Water, Light & Power Co. 4s 
Kingston Gas & Electric Co. 5s, 1952, . 
Missouri River Power Co. 6s, 1920, 
Philadelphia Co. 5s, 1951, 
Rockford Gas Light & Coke Co. 5s, 1950, 
Westchester Lighting Co. 5s, 1950, 
William Cramp & Sons Co. 5s, 1929, . 



1909 



1928 



Book Value. 

$22,251 07 

19,350 00 

9,425 00 

9,775 00 

10,400 00 

6,353 25 

10,527 08 

10,301 39 

11,794 44 

12,997 50 

20,391 67 

13,825 00 

10,142 50 

10,180 00 

29,400 00 

10,112 50 

25,500 00 

10,867 86 

11,260 00 

9,600 00 

9,811 50 

9,925 00 

4,850 00 

26,125 00 

9,342 00 

19,590 00 

50,721 25 

20,200 00 

9,300 00 

60,562 50 

10,500 00 

14,700 00 

10.017 60 
9,500 00 

23.018 14 
9,768 75 

10,037 50 
10,025 00 
10,045 67 
19,125 00 
9,500 00 
14,643 75 
12,600 00 
18,270 00 
11,100 00 

5,000 00 
19,300 00 

5,850 00 
16,937 50 
15,000 00 
10,120 83 
10,189 03 

9,600 00 
20,600 00 

6,000 00 

4,850 00 
10,728 33 

9,975 00 

9,900 00 
15,381 25 
11,065 28 

$1,199,381 16 



Rate. 



98 

941 

97" 
105 
100 
100 
100 
100 
100 

80 
100 
105 
103* 

96 
108 
105 



Market Value. 

$22,050 00 

19,400 00 

9,212 50 

10,000 00 

10,700 00 

6,300 00 

10,500 00 

10,050 00 

11,200 00 

13,350 00 

20,500 00 

14,475 00 

10,875 00 

10,700 00 

29,400 00 

10,125 00 

27,500 00 

10,300 00 

11,250 00 

9,450 00 

9,775 00 

9,800 00 

4,725 00 

25,750 00 

10,850 00 

19,600 00 

50,750 00 

20,600 00 

9,300 00 

61,500 00 

11,075 00 

14,400 00 

9,950 00 

10,100 00 

22,400 00 

9,500 00 

10,000 00 

10,000 00 

10,000 00 

18,800 00 

10,000 00 

14,437 50 

13,443 75 

17,125 00 

11,175 00 

4,900 00 
18,900 00 

5,820 00 
15,750 00 
15,000 00 
10,000 00 
10,000 00 

9,600 00 
20,000 00 

4,800 00 

5,000 00 
10.500 00 
10,350 00 

9,600 00 
16,200 00 
10,500 00 

1,221,498 88 



GLENS FALLS INSURANCE CO. 



229 



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 Glen and Bay Streets 

Income. 

Net fire premiums, 

Interest on mortgage loans, $39,261.30; collaterals, $185; stocks 
and bonds, $133,270.74; all other, $18,500.45, 

Rents, 

Profit on maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $1,388.90 ; other taxes and fees, $65,114.49 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $50,155.23; mortgages, $807,803.37, . 
Loans secured by collateral (Morris & Essex R.R. bonds), 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Bills receivable, not matured, 



. $1,433,779 12 

191,217 49 

2,334 08 

1,174 01 



$1,628,504 70 
4,097,171 57 

$5,725,676 27 



$624,839 43 

70,000 00 

321,963 60 

105,209 69 

66,503 39 

98,006 22 

$1,286,522 33 

$4,439,153 94 



. $857,958 60 

3,700 00 

. 2,679,535 00 

724,022 03 

173,433 46 

504 85 

Total ledger assets, . $4,439,153 94 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,981.75; stocks and bonds, $7,016.25; other 

assets, $1,978.48, 13,976 48 

Rents due and accrued on company's property, .... 300 00 

Market value of stocks and bonds over book value, .... 117,593 75 



Gross assets,* 



$4,571,024 17 



Assets not admitted. 

Agents 1 balances over three months due, . 
Special deposits less $32,818.42 liability thereon, 
Book value of mortgage loans over market value, . 
Total unadmitted assets, 

Total admitted assets, 



$3,434 04 
58,212 83 
20,000 00 



81,646 87 
. $4,489,377 30 



* Including $200,000 special reserve held under New York law. 



230 



GLENS FALLS INSURANCE CO. 



Liabilities. 

Unpaid losses, including $8,125 resisted, $81,584.46 ; less reinsur- 
ance, $13,720.72, .... 

Unearned premiums on outstanding risks, $1,479,003.71 ; plus same 
on disallowed reinsurance, $4,797.04, 

Salaries and other miscellaneous expenses, 

Reserved for dividends, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, 



,863 74 



, due or accrued, 



. $2,782,712 81 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



f 262,588,573 00 
. 161,705,658 00 

$424,294,231 00 
. 139,939,433 00 

$284,354,798 00 
. 27,215,101 00 



1,483,800 75 

35,000 00 

120,000 00 

$1,706,664 49 

200,000 00 
2,582,712 81 

$4,489,377 30 



Premiums. 

$2,980,423 36 
1,907,154 18 

$4,887,577 54 
1,698,973 15 

$3,188,604 39 
367,771 26 



$257,139,697 00 $2,820,833 13 



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 (35 per cent.), . 
Company's stock owned by directors, 



$27,038,137 00 

12,626,798 00 

605,023 00 

1,490,000 00 

70,000 00 

77,810 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
1,000 shares Chicago & Great Western debenture, 
500 " Union Pacific, preferred, . 

Bank Stocks. 
100 shares Cleveland Trust Co., Ohio, 
200 " First National Glens Falls, N. Y., . 
400 " Iron City Trust Co., Pittsburgh, Pa., 
100 " Lucerne Co., Trust Co., Wilkes-Barre, Pa 
50 " Mt. Kisco National, Mt. Kisco, N. Y., 
100 " National, Glens Falls, N. Y., . 

Miscellaneous Stocks. 
250 shares American Type Founders, preferred, 

Government Bonds. 
United States 4s, 1925, 

State and Municipal Bonds. 

Georgia 3As, 1919, 

New York, N. Y., 3£s, 1952, 

Saratoga Springs, N. Y., 5s, 1913 

Pendleton City, Ore., 5s, 1929, .... 

Richmond, Va., 4s, 1923, 

Railroad Bonds. 

Baltimore & Ohio 4s, 1948, 

Central of New Jersey 5s, 1987, .... 

Danville, Urbana & Champaign 5s, 1923, 

Morris & Essex 7s, 1915, 



Book Value. 

$90,125 00 

45,000 00 

10,000 00 
10,000 00 
57,000 00 
20,000 00 
5,000 00 
30,000 00 

25,000 00 

50,000 00 

25,000 00 

106,160 00 

5,000 00 

50,000 00 

11,000 00 

50,000 00 

50,000 00 

100,000 00 

50,000 00 



Eate. 
86 
991 

286 

475 

122| 

225 

195 

300 

98 

130 



iu*5 

98| 
107* 
107^ 
103J 

1024 
13l| 
100 



Market Value. 

$86,000 00 

49,750 00 

28,600 00 
47,500 00 
49,000 00 
22,500 00 
9,750 00 
30,000 00 

24,500 00 

65,000 00 

26,187 50 
98,750 00 
5,375 00 
53,500 00 
11,343 75 

51,250 00 

65,875 00 

100,000 00 

62,875 00 



GRANITE STATE FIRE INSURANCE CO, 



231 



Oklahoma City 5s, 1934, 

Oregon Water Power & Ry. 6s, 1932, . 

Syracuse, Binghamton & N. Y. 7s, 1906, 

Union Pacific 4s, 1947, .... 

Western Pacific 5s, 1935, 

West Shore 4s, 2361, .... 

Miscellaneous Bonds. 
German Trust Co., Davenport, 4|s, 1906, 
Gould Paper Co. 6s, . . 
Hudson River Pulp & Paper Co. 6s, 
International Paper Co. 6s, 1918, . 
J. & J. Rogers Co. 6s, . 
Reno Power, Light & Water Co. 6s, 1944, 



Book Value. 


Kate 


Market Value. 


$23,750 00 


97 


$24,250 00 


25,750 00 


102 


25,500 00 


53,000 00 


102 


54,060 00 


50,000 00 


104| 


52,375 00 


48,750 00 


87 


43,500 00 


50,000 00 


105 1 


52,687 50 


70,000 00 


100 


70,000 00 


518,000 00 


100 


518,000 00 


320,000 00 


100 


320,000 00 


305,000 00 


108 


324,000 00 


326,000 00 


100 


326,000 00 


100,000 00 


99 


99,000 00 


$2,679,535 00 




$2,797,128 75 



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, $465,569 47 

Interest on mortgage loans, $417.61 ; collaterals, $330.41; stocks 

and bonds, $15,582.51; all other, f 1,034. 84 17,365 37 

Rents, including company's own occupancy, 3,511 25 



Total income, 

Ledger assets, Dec, 31, 1904, 

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, $665 ; other taxes and fees, $9,177.47, 
Loss on sale or maturity of ledger assets, . 
Reduction in book value of ledger assets, . 
Inspections and loss adjustments, .... 
Printing, supplies and advertising, .... 

Total disbursements, 



Balance, 



Ledger Assets. 

Real estate, $28,500 ; mortgages, $7,800, 

Loans secured by collateral (Lt. & Pow. Co., St. Cl'd, Minn , 5s, '07), 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Total ledger assets, 



$486,446 09 
714,263 30 

$1,200,709 39 



$217,699 19 

12,000 00 

95,716 29 

17,710 00 

1,500 00 

200 00 

9,842 47 

6,519 99 

35,179 66 

20,387 98 

11,401 16 

$428,156 74 

$772,552 65 



$36,300 00 
5,000 00 

636,890 28 
45,903 26 
48,459 11 

$772,552 65 



232 



GRANITE STATE FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $178.26; stocks and bonds, $2,904.46; collateral 

loans, $10.42, 

Rents due and accrued on company's property, .... 
Market value of stocks and bonds over book value, .... 
Due from other companies for reinsurance, 

Gross assets, 

Liabilities. 

Unpaid losses, including $1,100 resisted, $38,525.45 ; less reinsur- 
ance, $4,097.32, 

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, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$411,140 50 



$64,952,996 00 
46,303,124 00 

$111,256,120 00 
. 40,280,281 00 

. $70,975,839 00 
. 17,454,494 00 



$3,093 14 

358 37 

13,938 85 

109 15 

$790,052 16 



$34,428 13 

338,243 95 

6,239 58 

$378,911 66 

200,000 00 
211,140 50 

$790,052 16 



Premiums. 

$800,583 52 
627,451 53 

$1,428,035 05 
559,638 50 

$868,396 55 
215,087 03 



. $53,521,345 00 $653,309 52 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the j*ear, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, 



^9,598,072 00 

4,177,167 00 

215,073 00 

192,000 00 

12,000 00 

34,700 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

131 shares Boston & Maine, common $19,830 86 172 $22,532 00 

48 " Concord & Montreal, class 1, 8,736 00 184 8,832 00 

7 " Concord & Montreal, class 3, . . . 1,274 00 184 1,288 00 

35 " Concord & Montreal, class 4, . . . 6,090 00 184 6,440 00 

100 " Illinois Central 13,925 00 175^ 17,525 00 

656 " Pennsylvania, 50,664 79 143f 47,827 13 

51 " Worcester, Nashua & Rochester, . . . 6,219 63 150 7,650 00 

Miscellaneous Stocks. 

3 shares General Adjustment Bureau, . . . 150 00 100 150 00 

50 " Nashua Card, Gummed & Coated Pap. Co., 5,000 00 90 4,500 00 

5^ *« Underwriters' Salvage Co., New York, . 500 00 100 500 00 

State, County and Municipal Bonds. 

Massachusetts 3*s, 1918, 20,000 00 102$ 20,500 00 

Massachusetts 3{s, 1931, 10,000 00 104J 10,425 00 



GRANITE STATE EIRE INSURANCE CO. 



233 



Massachusetts 3|s, 1938, 
New Hampshire 3is, 1912, 
New Hampshire 3|s, 1920, 
New Hampshire 3fs, 1921, 
New Hampshire 3fs, 1922, 
New Hampshire 3^s, 1923, 
New Hampshire 3is, 1924, 
New Hampshire 3is, 1925, 
Coos County, N. H., 4s, 1911, 
Coos County, N. H., 4s, 1913, 
Coos County, N. H., 4s, 1915, 
Hillsborough County, N. H., 4s, 1921, 
Rockingham County, N. H., 4s, 1918, 
Rockingham County, N. H., 3? 3 s, 1910, 
Cuyahoga County, Ohio, 4s, 1910, . 
Columbia County, Wash., 4|s, 1913, 
Columbia County, Wash., 4^s, 1914, 
Portland, Me., 3*s, 1922, 
Waterville, Me., 3is, 1935, 
Boston, Mass., 3^s, 1935, 
Boston, Mass.. 4s, 1913, . 
Boston, Mass.^ 3hs, 1919, 
Boston, Mass., 3|s, 1938, 
Gloucester, Mass., 3U, 1932, 
Maiden, Mass., 4s, 1910, . 
Maiden, Mass., 4s, 1919, 
Newton, Mass., 4s, 1935, 
Quincy, Mass., 4s, 1933, . 
Quincy, Mass., 4s, 1934, . 
Taunton, Mass., 4s, 1918, 
Concord, N.H., 4s, 1922, 
Dover, N. H., 4s, 1907, . 
Dover, N. H., 4s, 1914, . 
Franklin, N. H., 3is, 1921, 
Hillsboro Bridge, N. H., 4s, 1917, 
Laconia, N. H., 4s, 1923, 
Laconia, N. H., 4s, 1924, 
Laconia, N. H., 4s, 1926, 
Laconia, N. H., 4s, 1927, 
Littleton, N. H., 3|s, 1933, 
Nashua, N. H., 4s, 1913, 
Nashua, N. H., 4s, 1915, 
Peterboro, N. H., 4s, 1911, 
Peterboro, N. H M 4s, 1912, 
Pittsfield, N. H., 4s, 1912, 
Portsmouth, N. H., 4s, 1912, 
Portsmouth, N. H., 4s, 1916, 
Wilton, N. H., 34s, 1915, 
New York, N. Y., 3is, 1948, 
Cincinnati, O., 3^s, 1952, 
Burlington, Vt., 4s, 1917, 
Rutland, Vt., 4s, 1924, . 
Milwaukee, Wis., 3Js, 1921, 

Railroad Bonds. 
Boston & Lowell 4s, 1915, 
Concord & Montreal 4s, 1920, 
Concord & Montreal 3is, 1920, 
Fitchburg 4s, 1928, 
Illinois Central 3£s, 1952, 
N. Y. Central & Hudson River 3^s, 1997, 
Peterboro & Hillsboro 4±s, 1917, . 



Book Value. 

$20,000 00 

2,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 

4,000 00 

6,000 00 

10,000 00 

4,000 00 

4,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

2,000 00 

10,000 00 

10,000 00 

5,000 00 

12,000 00 

9,000 00 

3,000 00 

3,000 00 

8,000 00 

1,000 00 

5,000 00 

5,000 00 

10,000 00 

25,000 00 

5,000 00 

1,000 00 

2,000 00 

2,000 00 

12,000 00 

1,000 00 

9,000 00 

2,000 00 

2,000 00 

2,500 00 

1,500 00 

8,500 00 

29,000 00 

20,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 
30,000 00 
31,000 00 
5,000 00 
5,000 00 
13,000 00 
10,000 00 

$636,890 28 



Rate. Market Value. 
101 

102 4 

102| 

1021 

102| 

102| 

102| 

101| 

102i 

103 

104| 

103| 

99| 
10l| 
102| 
1021 
100^ 

98 
100 
103 1- 
100 
100 
100 
101£ 
105^ 
109£ 
108| 
108£ 
104J 
107| 
100 
1034 

98| 
1031 
104" 
104 
104 
104 

98 
102 
102f 
102 
102 
101f 
103 
103 

99^ 

99 
102^ 
104 
104 
1004 



lOlf 

102 
961 

104" 
94 
98J 

106 



$20,975 00 

2,020 00 

5,112 50 

10,237 50 

10,250 00 

10,262 50 

10,275 00 

5,137 50 

5,087 50 

5,112 50 

5,150 00 

10,462 50 

4,155 00 

5,977 50 

10,150 00 

4,090 00 

4,100 00 

5,000 00 

9,800 00 

10,000 00 

10,312 50 

2,000 00 

10,000 00 

10,000 00 

5,093 75 

12,630 00 

9,821 25 

3,262 50 

3,266 25 

8,390 00 

1,073 75 

5,000 00 

5,175 00 

9,875 00 

25,875 00 

5,200 00 

1,040 00 

2,080 00 

2,080 00 

11,760 00 

1,020 00 

9,247 50 

2,040 00 

2,040 00 

2,543 75 

1,545 00 

8,755 00 

28,782 50 

19,800 00 

10,225 00 

5,200 00 

5,200 00 

5,025 00 

10,175 00 
30,600 00 
29,915 00 
5,200 00 
4,700 00 
12,756 25 
10,600 00 

$650,829 13 



234 



HANOVER FIRE INSURANCE CO. 



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, . . * 

Interest on mortgage loans, $175; stocks and bonds, $108,194.31 

all other, $6,741.75 

Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
From all other sources, . . . . 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

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, $11,534.65 ; other taxes and fees, 

Profit and loss, 

Miscellaneous expenses, 

Total disbursements, 

Balance, 




Ledger Assets. 

Real estate, $889,107.91 ; mortgages, $3,500, . 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $14.58 ; stocks and bonds, $12,044.66, 
Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Due from other companies for reinsurance, 

Gross assets, 

Assets not admitted. 
Agents' balances over three months due, . 
Special deposits less $50,076.81 liability thereon, 
Due from unauthorized companies for reinsurance, 
Total unadmitted assets, .... 



1,645,149 21 

115,111 09 

46,469 00 

97,823 50 

593 50 



$2,905,146 30 
3,706,104 66 

$6,611,250 96 



[,439,686 21 

80,000 00 

535,762 06 

203,650 81 

24,812 00 

19,458 35 

81,548 48 

60 57 

211,324 30 

1,596,302 78 

^,014,948 18 



. $892,607 91 

. 2,645,972 57 

129,945 71 

346,421 99 

Total ledger assets, $4,014,948 18 



12,059 24 

390 85 

29,631 25 

259,267 68 

18,141 60 

$4,334,438 80 



$513 58 

67,260 69 

663 92 



68,438 19 



Total admitted assets, $4,266,000 61 



HANOVER FIRE INSURANCE CO. 235 



Liabilities. 

Unpaid losses, including $38,164.64 resisted, $299,019.05 ; less re- 
insurance, $40,319.57 $258,669 48 

Unearned premiums on outstanding risks, 2,128,236 01 

Commissions and other charges due agents and brokers, . . . 21,370 05 

Due for return premiums, $1,063.75 ; reinsurance, f 9,923. 12, , . 10,986 87 



All liabilities, except capital and surplus, f 2,419,262 41 

Surplus to policy holders, $1,846,738 20 

Paid-up capital 1,000,000 00 

Surplus over capital and general liabilities, 846,738 20 



Total liabilities, $4,266,000 61 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . $474,290,351 00 $4,589,704 33 
Fire risks written during 1905, 363,485,445 00 3,713,023 79 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$837,775,796 00 $8,302,728 12 
.358,169,465 00 3,651,347 56 



$479,606,331 00 $4,651,380 56 
. 47,371,093 00 475,998 10 



$432,235,238 00 $4,175,382 46 



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, 



$48,756,403 00 

27,863,634 00 

1,412,160 00 

4,359,500 00 

100,000 00 

80,000 00 

273,150 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Kate. Market Value. 

500 shares Baltimore & Ohio, preferred, . . . $48,487 50 98 $49,000 00 

200 " Chicago & Great Western, debenture, . 18,375 00 86 17,200 00 

300 " Chicago, Milwaukee & St. Paul, preferred, 39,475 00 188^ 56,550 00 

350 " Chicago & Northwestern, preferred, . . 50,706 25 245^ 85,750 00 

773 " Chicago & Northwestern, common, . . 83,952 75 223 172 379 00 

500 " Cleve., Cin., Chicago & St. L., preferred, 49,337 50 USh 59,250 00 

300 " Kansas City, Ft. Scott & Mem., preferred, 24,787 50 82* 24,750 00 

1,200 " Manhattan 196,500 00 162} 194,700 00 

500 " N. Y., New Haven & Hartford, . . . 79,984 38 196| 98,125 00 

250 " Norfolk & Western, preferred, . . . 23,543 75 92* 23,125 00 

2,000 " Pennsylvania 107,985 63 143| 143,625 00 

700 " Pittsburg, McKeesport & Youghigheny, . 48,325 00 135 47,250 00 

500 " Reading, 1st preferred, .... 22,756 25 92 23,000 00 

100 " Rensselaer & Saratoga, .... 13,512 50 208 20,800 00 

500 " Southern, preferred 46,550 00 100£ 50,125 00 

191 " Syracuse, Binghamton & N. Y., . . 27,075 88 190 36,290 00 

1,000 " Union Pacific, preferred, .... 86,12500 99^ 99,50000 

Bank Stocks. 

150 shares American Ex. National, New York, N. Y., 16,766 26 265 39,750 00 

75 " Bank of America, New York, N. Y., . 25,125 00 525 39,375 00 

Government Bonds. 

United States 2s, 1930, 50,131 25 102| 51,187 50 

State and Municipal Bonds. 

Georgia 44s, 1910 5,393 75 105| 5,268 75 

Georgia 4|s, 1911, 10,787 50 106^ 10,650 00 



236 



HARTFORD FIRE INSURANCE CO. 



Massachusetts 34s, 1942, 
Massachusetts 3Js, 1940, 
New York, N. Y., 3s, 1907, . 
New York, N. Y., 3s, 1921, . 
Richmond, Va., 5s, 1922, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe adjustment 4s, 1995, 
Atchison, Topeka & Santa Fe 4s, 1914, 
Atlantic Coast Line 4s, 1952, 
Brooklyn City 5s, 1941, .... 
Central Pacific 1st ref. 4s, 1949, . 
Chicago, Indianapolis & Louisville 6s, 1947, 
Chicago, Milwaukee & St. Paul 5s, 1914, 
Chic, Milwaukee & St. Paul (W. & M. Div.) 5s, 1921 
Chicago, Rock Island & Pacific 4s, 1988, 
Cleve., Cincinnati, Chicago & St. Louis 4s, 1993, 
Col. & Ninth Ave. (N. Y.) 5s, 1993, 
Erie prior lien 4s, 1996, . 
Lehigh Valley Terminal 5s, 1941, . 
Lehigh & Wilkes-Barre Coal 4|s, 1910, 
Long Island guar. ref. 4s, 1949, " . 
Manhattan 4s, 1990, 

Missouri, Kansas & Texas 1st mortgage 4s, 1990, 
Missouri Pacific 5s, 1920, 
Norfolk & Western 4s, 1996, . 
North. Pacific-Gt. North. (C, B. & Q. Col.) 4s, 1921, 
Northern Pacific 4s, 1997, 
Pennsylvania Co. 4|s, 1921, . 

Reading Co. & Phila. & Reading Coal & Iron 4s, 1997 
St. Louis, Iron Mountain & Southern 4s, 1929, 
St. Louis, Iron Mountain & Southern 5s, 1931, 

Southern 5s, 1994, 

Southern (St. Louis Div.) 4s, 1951, 
Wabash (Detroit & Chic. Ext.) 5s, 1941, 
West Maryland 4s, 1952, .... 

Miscellaneous Bonds. 
Laclede Gas Light Co. (St. Louis, Mo.) 5s, 1919, 



Book Value. 


Rate. 


Market Value. 


$66,225 00 


1051 
105J 


$63,150 00 


44,050 00 


42,050 00 


104,000 00 


994 


99,500 00 


76,589 60 


93 


69,750 00 


54,680 56 


111 


55,500 00 


47,447 50 


93i 


46,750 00 


23,531 25 


97 


24,250 00 


24,656 25 


100 


25,000 00 


28,637 50 


106 


26,500 00 


50,375 00 


99J 


49,750 00 


27,606 25 


132| 


33,187 50 


32,306 25 


109 


32,700 00 


10,312 50 


im 


11,350 00 


26,376 25 


103| 


25,937 50 


25,000 00 


102J 


25,718 75 


11,600 00 


118 


11,800 00 


46,500 00 


99^ 


49,625 00 


22,600 00 


118^ 


23,700 00 


50,945 00 


10l| 


50,625 00 


50,859 38 


100* 


50,250 00 


26,350 00 


102i 


25,625 00 


50,437 50 


99 


49,500 00 


80,406 25 


105* 


79,125 00 


48,925 00 


ioo| 


50,250 00 


75,468 75 


99| 


74,906 25 


51,200 00 


104| 


52,125 00 


38,250 00 


106| 


38,340 00 


48,455 00 


ioi| 


50,687 50 


93,750 00 


92| 
H4| 


92,750 00 


58,390 63 


57,437 50 


58,891 25 


118 


59,000 00 


24,937 50 


99| 


24,875 00 


16,810 00 


110 


16,500 00 


46,500 00 


85 


42,500 00 


27,218 75 


107| 


26,875 00 


$2,645,972 57 


$2,905,240 25 



HARTFORD FIRE INSURANCE COMPANY, HARTFORD, CONN. 

Incorporated May, 1810. Commenced business August, 1810. 

Paid-up Capital, $1,250,000. 

GEORGE L. CHASE, President. P. C. ROYCE, Secretary. 

Home Office, 125 Trumbull Street. 

Income. 

Net fire premiums, $13,072,829 82 

Interest on mortgage loans, $30,903 . 23 ; collaterals, $109 . 63 ; stocks 

and bonds, $454,646.99; all other, $7,134.94 

Rents, 

Profit on sale or maturity of ledger assets, 



From all other sources, 

Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



Disbursements. 
Net amount paid for fire losses, .... 
Interest and dividends to stockholders, 
Commissions or brokerage, .... 



492,794 79 

39,597 50 

16,834 79 

414 20 

$13,622,471 10 
. 13,271,934 13 

$26,894,405 23 



^6,193,625 76 

573,203 56 

2,404,453 74 



HARTFORD FIRE INSURANCE CO. 



237 



fees, |297,552. 



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

Rents, 

Repairs and expenses on real estate, . 
Real estate taxes, $8,300 ; other taxes and 
Loss on sale or maturity of ledger assets, 
Paid reinsurance companies under treaty, 
Advertising, printing and stationery, 

Legal expenses, 

Traveling expenses, .... 

Furniture, fixtures, fuel and light, 

Board charges, fire patrol, etc , . 

Postage, express, telegraph, telephone and exchange, 

Maps, commercial ratings, inspections, 

Printing plant charged off', . 

Reduction in book value of real estate, 

Agents' balances charged off, 

All other disbursements, 

Total disbursements, . 



Balance, 



93, 



Ledger Assets. 



Real estate, $973,236.79; mortgages, $658,500, 

Loans secured by collateral (64 shares Billings & Spencer Co.), 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $8,317.14; collateral loans, $9.72, . 

Rents accrued on company's property, 

Market value of real estate over book value, .... 

Market value of stocks and bonds over book value, . 

Due from other companies for reinsurance 



Gross assets, 

Assets not admitted. 
Agents' balances over three months due, . 
Special deposits less $376,964.10 liability thereon, . 
Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $78,418.30 resisted, . 
Unearned premiums on outstanding risks, 
Due reinsuring companies under treaty, . 

All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$781,583 41. 
51,800 00 
31,230 98 

305,852 93 

4,669 32 

16,437 08 

145,483 97 
43,764 12 

258,784 37 
34,397 12 

218,411 20 

158,130 55 
47,811 27 
29,331 00 
28,107 20 
32,658 75 
20,038 86 

$11,379,775 19 

$15,514,630 04 



$1,631,736 79 

1,000 00 

11,659,738 06 

815,188 41 

1,406,966 78 

$15,514,630 04 



8,326 86 

1,364 04 

45,263 21 

. 1,109,608 80 

4,726 25 

$16,683,919 20 



$12,933 
60,078 



76 
09 



. $5,766,196 45 



73,011 85 
$16,610,907 35 



$690,725 74 

9,943,564 68 

210,420 48 

$10,844,710 90 

1,250,000 00 
. 4,516,196 45 

$16,610,907 35 



238 



HARTFORD FIRE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, . . 
Risks expired and terminated, . 

In force at end of j T ear, 
Amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

$1,468,830,085 00 $17,877,787 87 
1,291,746,471 00 16,183,543 46 



52,760,576,556 00 $34,061,331 33 
1,127,338,316 00 14,341,241 15 



$1,633,238,240 00 $19,720,090 18 
. 87,044,158 00 769,103 57 



$1,546,194,082 00 $18,950,986 61 



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 (45.9 per cent.), 
Company's stock owned by directors, 



$168,896,266 00 

96,954,203 00 

6,172,716 00 

11,682,925 00 

950,000 00 

573,204 00 

200,200 00 



Schedule A. Stocks and Bonds owned by the Company. 



477 

370 

200 

1,189 

1,000 

20 

662 

2,888 

500 

30 

125 

315 
300 
200 
166 
100 
314 
122 
172 
556 

40 
467 
100 

75 
200 
150 
300 
200 
334 
125 
200 
434 

120 
825 
500 



Railroad Stocks. 
shares Chicago, Milwaukee & St. Paul, 

" Chicago, Milwaukee & St. P., preferred, 

" Chicago & Northwestern, preferred, . 

" Chicago & Northwestern, . 

" Connecticut & Passumpsic River, 

" Connecticut River, .... 

" N. Y. Central & Hudson River, . 

" New York, New Haven & Hartford, . 

" New York, Lackawanna & Western, . 

" Union Pacific, preferred, . 

Bank Stocks. 
shares Boylston National, Boston, 

" ./Etna National, Hartford, Conn., 

" American National, Hartford, Conn., 

" Charter Oak National, Hartford, Conn., 

" City, Hartford, Conn., 

" Conn. River Banking Co., Hartford, Conn 

' ' Conn. Tr. & Safe Dep. Co. , Hartf 'd, Conn 

'* Farmers' & Mech. Nat., Hartford, Conn 

" First National, Hartford, Conn., 

" Hartford National, Conn., . 

" National Exchange, Hartford, Conn., 

" Phoenix National, Hartford, Conn., . 

" State, Hartford, Conn., 

" Bank of Montreal, Montreal, Canada, 

" Amer. Exchange Nat., New York, N. Y, 

" Bank of America, New York, N. Y., 

" Importers' & Tr. Nat., New York, N. Y., 

" Manhattan Co., New York, N. Y., . 

" Merchants' National, New York, N. Y., 

" Nat. Bk. of Commerce, New York, N. Y 

41 Nat. Bank of N. Amer., New York, N. Y 

" Ontario, Toronto, Canada, . 

Miscellaneous Stocks. 
shares Connecticut River Co., 

" New York Dock Co., preferred, . 

" Northwestern Tel. Co 



Government Bonds. 
U. S. of Mexico 5s, 1944, 

State and Municipal Bonds. 

Alabama 5s, 1906, 

Georgia 3^s, 1918, 



Book Value. 
$46,262 50 

38,237 50 

27,325 00 

132,974 07 

100,000 00 

2,000 00 

72,463 47 
377,884 69 

57,125 00 
2,964 56 

11,935 35 

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 25 

9,695 00 
43,964 78 
21,066 25 
18,573 25 
30,000 00 
13.129 51 
19J35 17 
14,499 50 

30.781 50 
13,082 18 

3,000 00 
83,000 00 
25,000 00 



Kate. 
181| 
1881 
245" 
223 
105 
295 
153 J 
196i 
136 
99^ 

100 
195 
140 
135 
94 

183i 
230 " 
117 
140 
141 
126 
125 
140 
255 
265 
525 
590 
310 
170 
195 
232i 
128" 

100 

79 

125 



Market Value. 

$86,694 75 

69,745 00 

49,000 00 

265,147 00 

105,000 00 

5,900 00 

101,368 75 

566,770 00 

68,000 00 

2,985 00 

12,500 00 
61,425 00 
21,000 00 
27,000 00 
15,604 00 
5,505 00 
72,220 00 
14,274 00 
24,080 00 
78,396 00 
2,520 00 
58,375 00 
14,000 00 
89,250 00 
53,000 00 
78,750 00 
177,000 00 
31,000 00 
28,390 00 
24,375 00 
46,500 00 
55,466 62 

12,000 00 

65,175 00 

■ 31,250 00 



103,906 40 102i 105,133 45 



9,975 00 
25,750 00 



100^ 
1041 



10,050 00 
26,125 00 



HARTFORD FIRE INSURANCE CO. 



239 



Virginia 3s, 1992 

Montreal, Canada, 4s, 1926, . 
Toronto, Canada, 3|s, 1930, . 
Toronto, Canada, 3|s, 1929, . 
"Winnipeg, Manitoba, 3is, 1941, 
Richmond, Va., 4s, 1921, 

Railroad Bonds. 
Atchison, Top. & Santa Fe general mortgage 4s, 1995, 
Atlantic Coast Line (L. & N. Col.) 4s, 1952, 

Baltimore & Ohio 4s, 1948 

Baltimore & Ohio (So. W. Div.) 3is, 1925, . 
Belt R.R. & Stock Yards, Indianapolis, 6s, 1911, 
Brooklyn Union Elevated 4s and 5s, 1950, 
Canadian Pacific 5s, 1915, .... 
Central of New Jersey 5s, 1987, 
Central Pacific 1st ref . 4s, 1949, . 
Chesapeake & Ohio 4£s, 1992, 

Chesapeake & Ohio 5s, 1939 

Chicago, Burlington & Quincy 5s, 1913, 

Chicago & Cincinnati 5s, 1952, 

Chicago & Erie 5s, 1982, .... 

Chicago & Great Western 5s, 1936, 

Chicago, Mil. & St. Paul (Hast. & Dak. Div.) 7s, 1910 

Chicago & Northwestern 5s, 1909, .... 

Chicago & Northwestern 6s, 1929 

Chicago & Northwestern 5s, 1929, .... 
Chicago & Western Indiana 6s, 1932, 
Chicago & Western Indiana 4s, 1952, . 
Choctaw & Memphis 5s, 1949, .... 
Cincinnati, Dayton & Chicago 4s, 1942, 
Cincinnati, Indianapolis, St. L. & Chicago 6s, 1920, 
Cincinnati & Indiana Western 5s, 1952, 
Cincinnati, Richmond & Muncie 5s, 1950, . 
Clev., Cin., Chic. & St. L. (Col. & Spr'g Div.) 4s, 1940 
Clev., Cin., Chic. & St. L. (St. Louis Div.) 4s, 1990, 
Cleveland, Col., Cincin. & Indianapolis 7s, 1914, . 
Dayton & Michigan 5s, 1911, .... 

Detroit, Grand Rapids & Western 4s, 1946, . 

Easton & Amhoy 5s, 1920 

Elgin, Joliet & Eastern 5s, 1941, .... 

Erie prior lien 4s, 1996, 

Grand Rapids & Ind. 4is, 1941, .... 

Hartford Street 4s, 1930", 

Indianapolis & Vincennes 7s, 1908, 
International & Great Northern 6s, 1919, 

Iowa Central 5s, 1938 

Iowa Falls & Sioux City 7s, 1917, .... 

Jefferson 5s, 1909, 

Lake Shore & Michigan Southern 4s, 1928, . 
Lehigh Valley Terminal 5s, 1941, .... 

Lehigh Valley 6s, 1923 

Lehigh Valley 4?,s, 1940 

Long Island Unified 4s, 1949, .... 

Louisville, Henderson & St. Louis 5s, 1946, . 
Louisville & Nashville 6s, 1930, .... 
Louisv. & Nash. (Evan., Hend. & Nash. D.) 6s, 1919 
Louisville & Nashville 4s, 1940, .... 
Louisville & Nashville 4s, 1923, .... 
Milwaukee, Lake Shore & Western 5s, 1929, 
Minneapolis & St. Louis 5s, 1934, .... 

Minneapolis Union 6s, 1922, 

Missouri, Kansas & Eastern 5s, 1942, . 

Missouri Pacific 6s, 1920, 

Nashville, Chattanooga & St. Louis 5s, 1928, 

N. Y. Central & H. R. (Lake Shore Coll.) 3*s, 1998, 

N. Y. Central & H. R. (Mich. Cent. Coll.) ;Us, 1998, 

N. Y. Central & Hudson River 4s, 1934, 

New York, Ontario & Western 4s, 1955, 

Northern Pac. -Great Northern (C. B. & Q.) 4s, 1921, 

Northern Pacific 4s, 1997 

Northern Pacific (St. Paul & Dul. Div.) 4s, 1996, 
Philadelphia & Reading Terminal 5s, 1941, . 



Book Value. 

$10,093 12 
64,821 25 
41,004 10 
65,043 00 
45,250 00 
53,593 75 

25,625 00 

191,750 00 

74,125 00 

184,543 34 

107,710 00 

100,875 00 

57,750 00 

296,493 75 

176,156 25 

159,515 00 

391,400 00 

52,562 50 

26,460 00 

108,150 00 

52,930 00 

63,852 50 

104,127 50 

166,816 25 

202,407 50 

457,742 50 

99,750 00 

58,937 50 

51,000 00 

128,160 00 

50,715 00 

66,125 00 

64,050 00 

190,027 50 

9,925 00 

64,050 00 

41,443 90 

164,125 00 

287,726 25 

197,500 00 

22,000 00 

103,000 00 

92,054 80 

240,527 50 

114,625 00 

131,938 75 

183,677 50 

100,125 00 

343,750 00 

91,962 25 

151,840 00 

59,400 00 

85,267 50 

180,760 00 

50,975 00 

98,000 00 

97,981 25 

55,180 00 

131,227 50 

52,633 33 

110,575 00 

116,533 33 

57,346 25 

111,500 00 

89,500 00 

50,281 25 

197,000 00 

125,550 25 

68,125 25 

100,5X0 00 

76,875 00 



Rate. 

96 
102 

93| 

94 

92| 
102J 

101* 

94 
102| 

9l| 
108i 
108i 
110 
131| 

99^ 
106i 
117| 
1051 
107 " 
120 
106 
110$ 
103| 
116 
110 
113i 

99 
H6| 

85 
104f 
107 
107 

99A 
100| 
120 
102 

941 
109 

im 

99| 
108 
107 
106 
118* 
113j 
125^ 
1011 
99^ 
1181 
125 - 
108f 
99* 
110$ 
118§ 
112 
1031 
98" 
118 
1121 
122i 
114J 
122 
113 
884 
88S 
99f 
98 
993 
104| 
100 
123 



Market Value. 
$10,080 00 
63,750 00 
37,412 49 
64,045 32 
46,375 00 
54,009 38 

25,468 75 
188,000 00 

76,875 00 
182,500 00 

99,820 00 
108,500 00 

53,532 60 
342,550 00 
174,125 00 
159,750 00 
393,625 00 

52,750 00 

25,680 00 
120,000 00 

53,000 00 

55,312 50 
103,125 00 
165,880 00 
205,700 00 
435,840 00 

99,000 00 

58,250 00 

42,500 00 
120,462 50 

49,220 00 

64,200 00 

69,650 00 

201,000 00 

9,600 00 

61,200 00 

38,745 00 
163,500 00 
296,100 00 
198,500 00 

21,600 00 
107,000 00 

82,680 00 
236,250 00 
113,500 00 
125,000 00 
178,062 50 

99,500 00 
367,350 00 

93,750 00 
163,125 00 

59,700 00 

82,875 00 
182,875 00 

51,520 00 
103,500 00 

98,000 00 

59,000 00 
126,000 00 

61,250 00 
114,125 00 
122,000 00 

58,760 00 
110,625 00 

88,500 00 

49,875 00 
196,000 00 
lOSt, 750 00 

83,400 00 
100,000 00 

92,250 00 



240 



HOME INSURANCE CO. 



Port Reading 5s, 1941, 

Reading 4s, 1997 

St. Louis, Iron Mountain & Southern 5s, 1931, 

St. Louis, Iron Mountain & Southern 4s, 1929, 

St. Louis & San Francisco 5s, 1931, 

St. Louis Southern 4s, 1931, . 

St. Paul & Northern Pacific 6s, 1923, . 

Savannah, Fla., & Western 6s, 1934, . 

Southern Pacific 4s, 1955, 

Southern (St. Louis Div.) 4s, 1951, 

Terminal Association, St. Louis, 4s, 1953, 

Terminal Association, St. Louis, 4^s, 1939, 

Union Pacific 4s, 1947, . . 

Utah & Northern 7s, 1908, . 

Wabash 1st mortgage 5s, 1939, 

Wabash (Tol. & Chic. Div.) 4s, 1941, . 

Western Maryland 4s, 1952, . 

West Shore 4s, 2361 

Wheeling & Lake Erie 4s, 1949, . 

Wheeling & Lake Erie (Lake Erie Div.) 5s, 1926, 

Miscellaneous Bonds. 
New York Dock Co. 4s, 1951, . 



Book Value. 

$50,750 00 
29,400 00 

110,570 00 
92,750 00 
54,875 00 
65,405 00 
91,682 50 

125,000 00 
97,000 00 

149,250 00 

200,767 50 
82,312 50 
72,187 50 
60,750 00 
56,675 00 
73,312 50 
45,093 75 

103,125 00 
94,750 00 
52,337 50 



Rate. Market Value. 

im 

lOlf 
114? 

92| 
113 
101 
124 
132 

95 

99* 
100 J 
108f 
104| 
106^ 
115 

96* 



8.) 
105| 

89^ 
113 



83,250 00 97 



$11,659,738 06 



$56,250 00 
30,412 50 

114,875 00 
92,750 00 
56,500 00 
64,640 00 

106,640 00 

132,000 00 
95,000 00 

149,250 00 

200,000 00 
81,468 75 
78,562 50 
53,187 50 
57,500 00 
72,375 00 
42,500 00 

105,375 00 
89,625 00 
51,980 00 

80,025 00 
$12,769,346 86 



HOME INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated April 13, 1853. Commenced business April 13, 1853. 
Paid-up Capital, $3,000,000. 
ELBRIDGE G. SNOW, President. AREUNAH M. BURTIS, Secretary. 

Home Office % 56 Cedar Street. 



Income. 

Net fire premiums, $8,415,824.24 ; marine, $267,446.41, . 

Interest on mortgage loans, $4,739.83; stocks and bonds, $618,- 

558.76; all other, $6,482.32, 

Rents, including company's own occupancy, 

Profit on sale or maturity of ledger assets, 

Profit and loss, 

Total income, 



Ledger assets, Dec. 31, 1904, 



Total, 



$8,683,270 65 

629,780 91 

194,720 95 

11,976 27 

17,000 01 

. $9,536,748 79 
. 17,559,086 73 

$27,095,835 52 



Disbursements. 

Net amount paid for fire losses, $4,100,088.58 ; marine, $140,160.87, 

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, $24,411.84; other taxes and fees, $217,489.12, 

Profit and loss, 

Traveling expenses, . 

Advertising, 

Stationery and printing, 

Postage, .... 

Telegrams, .... 

Express, .... 

Exchange, .... 



$4,240,249 45 

600,000 00 

1,604,290 34 

515,435 75 

69,562 52 

35,488 33 

241,900 96 

13,602 70 

87,238 97 

45,159 63 

61,065 21 

49,105 65 

8,310 20 

15,874 00 

9,554 21 



HOME INSURANCE CO. 



241 



Legal expenses, . 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets.* 

Real estate, $1,543,892.06 ; mortgages, $109,500, 
Stocks and bonds (Schedule A), 

Cash in banks, 

Agents' balances, 

Bills receivable, not matured, 

Counter and office premium not collected, 

Total ledger assets, 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . 



$732 83 
275,399 60 

. $7,872,970 35 

$19,222,865 17 



1,653,392 06 

15,384,451 57 

1,180,287 05 

651,827 29 

331 73 

352,575 47 

#19,222,865 17 

. 1,399,196 68 

f 20,622,061 85 

38,215 18 

$20,583,846 67 



Gross assets,f 

Assets not admitted. 

Agents' balances over three months due, . . . $11,065 72 

Special deposits less $449,470.04 liability thereon, . 27,149 46 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $84,452.97 resisted, $1,304,388.33; less 

reinsurance, $521,341.25, $783,047 08 

Unearned premiums on outstanding risks, 7,598,001 00 

Salaries and other miscellaneous expenses, due or accrued, . . 300,000 00 

Commissions and other charges due agents and brokers, . . . 69,152 80 

Due for reinsurance premiums, 768,350 66 

All liabilities, except capital and surplus, $9,518,551 54 

Surplus to policy holders, $11,065,295 13 

Paid-up capital, 3,000,000 00 

Surplus over capital and general liabilities, 8,065,295 13 



Total liabilities, 



$20,583,846 67 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . $1,549,505,559 00 $15,537,676 00 
Fire risks written during 1905, .... 1,250,763,41800 12,727,72023 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$2,800,268,977 00 $28,265,396 23 
1,192,624,609 00 12,295,426 23 



$1,607,644,368 00 $15,969,970 00 
. 245,498,503 00 1,604,929 00 



$1,362,145,865 00 $14,365,041 CO 



the amount of $1,404,087.05, which do not 
as no portion of them is earned. What- 



* The company holds also instalment premium notes to 
enter into or form any part of the assets of the company 

ever 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. 



242 



HOME INSURANCE CO. 



Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total, 

Risks expired and terminated, , 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



Premiums. 
$17,517,100 00 $424,661 00 
79,924,862 00 516,648 94 



$97,441,962 00 
79,840,331 00 

$17,601,631 00 
5,452,425 00 



$941,309 94 
531,446 94 

$409,863 00 
86,754 00 



.$12,149,206 00 $323,109 00 



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 (20 per cent.), . 
Company's stock owned by directors, . 



$172,347,503 00 

99,251,545 00 

4,100,175 00 
187,164 00 

13,465,000 00 

1,000,000 00 

600,000 00 

176,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



1,000 

3,000 

2,000 

1,000 

1,000 

725 

1,000 

2,000 

1,000 

1,000 

500 

100 

500 

5,000 

5,000 

1,000 

1,500 

1,000 

500 

10 

20,000 

5,000 

2,500 

5,000 

1,000 

1,800 

5,000 

100 

1,000 

2,650 

1,000 

200 
100 
200 
200 
200 
150 
200 
50 
100 

2,200 
1,000 



Railroad Stocks. 
shares Atchison, Top. & Santa Fe, preferred, 

" Baltimore & Ohio, preferred, . 

" Baltimore & Ohio, common, 

" Chic, Mil. & St. Paul, common, 

" Chicago & Northwestern, preferred, 

" Chicago & Northwestern, common, 

11 Chic, St. Paul, Minn. & Om., preferred 

" Cleve. & Pitts., guaranteed, 

" Connecticut River, guaranteed, 

" Ft. Wayne & Jackson, preferred, 

" Great Northern, preferred, 

" Great Northern, preferred receipts, 

" Illinois Central, 

" Lehigh Valley, .... 

" Morris & Essex, 

" New York Central & Hudson River 

" N. Y., New Haven & Hartford, 

" Northern of New Jersey, . 

" Northern Pacific, . . . 

" Northern Securities, stuhs, 

" Pennsylvania, .... 

" Pittsburgh, Bessemer & Lake Erie, 
Pittsburgh, Ft. Wayne & Chicago, 

" Reading Co., 1st preferred, 

11 Rensselaer & Saratoga, 

" Rochester & Genesee Valley, 

" Southern, preferred, . 

" 23d Street, 

" Union Pacific, preferred, . 

" United New Jersey R.R. & Canal, 

" Valley, . . ' . 

Bank Stocks. 
shares American Exc Nat'l, New York, N. Y 
" Bank of America, New York, N. Y., 
" Chatham National, New York, N. Y., 
" Fourth National, New York, N. Y., 
11 Franklin Trust Co., Brooklyn, N. Y., 
" Long Isl. Loan & Tr. Co., Brook., N. Y. 
" Manhattan Co., New York, N. Y., . 
" Metro. Trust Co., New York, N. Y., 
" U. S. Mort, & Tr. Co., New York, N. Y 

Miscellaneous Stocks. 
shares Consolidated Gas Co., New York, . 
" The Mackay Co., preferred, 



Book Value. 

$77,700 00 

236,861 25 

210,307 50 

141,550 00 

165,125 00 

96,318 75 

95,725 00 

187,122 22 

249,264 00 

89,833 00 

142,341 81 

10,000 00 

40,460 00 

277,312 50 

405,631 56 

154,125 00 

330,715 50 

93,000 00 

84,768 61 

1,560 00 

1,212,550 00 

179,362 50 

419,014 00 

214,256 25 

177,000 00 

269,100 00 

390,000 00 

40,500 00 

79,125 00 

630,527 86 

130,000 00 

22,106 25 
20,247 12 

8,190 00 
29,885 01 
27,125 00 
31,600 00 
15,997 50 

9,125 00 
53,052 50 

438,190 62 
75,275 00 



Kate. 
105 

98 
113$ 
181f 
245 
223 
188 
182 
295 
145 
274 
320 
175i 
163* 
188 ^ 
153& 
196i 

95 
203 
275 
143| 

68 
182* 

92 ^ 
208 
145 
100^ 
395 
99i 
270 
130 

265 
525 
315 
220 
375 
309 
310 
600 
515 

186| 

73^ 



Market Value. 

$105,000 00 

294,000 00 

227,750 00 

181,750 00 

245,000 00 

161,675 00 

188,000 00 

182,000 00 

295,000 00 

145,000 00 

137,000 00 

32,000 00 

87,625 00 

408,750 00 

470,000 00 

153,125 00 

294,375 00 

95,000 00 

101,500 00 

2,750 00 

1,436,250 00 

170,000 00 

456,250 00 

230,000 00 

208,000 00 

261,000 00 

501,250 00 

39,500 00 

99,500 00 

71,550 00 

130,000 00 

53,000 00 
52,500 00 
15,750 00 
44,000 00 
75,000 00 
46,350 00 
31,000 00 
• 30,000 00 
51,500 00 

410,850 00 
73,250 00 



HOME FIRE AND MARINE INSURANCE CO. 



243 



Government Bonds. Book Value. 

United States 4s, 1925, $600,000 00 

United States of Mexico 5s, 19,806 65 

State and Municipal Bonds. 

District of Columbia 3.65s, 1924, 1,000,000 00 

Georgia 3is, 1920, 25,000 00 

Massachusetts 3s, 1923 24,749 28 

Massachusetts 3s, 1932 24,641 78 

New York 3s, 1906, 102,000 00 

New York 3s, 1912, 300,000 00 

New York, N. Y., 3s, 1913, 50,000 00 

New York, N. Y., 3s, 1914, 150,000 00 

New York, N. Y., 3s, 1920, . . . . . 100,000 00 

New York, N. Y., 3s, 1921, • ...... 300,00000 

New York, N. Y., Sis, 1940, 50,000 00 

New York, N. Y., 3ls, 1941, 650,000 00 

New York, N. Y., 3is, 1942, 150,000 00 

New York, N. Y., 3|s, 1951, 150,000 00 

New York, N. Y., 3|s, 1952, 1,000,000 00 

New York, N. Y., 3fs, 1906, 199,908 80 

Rochester, N. Y., 3is, 1933, 100,000 00 

Richmond, Va., 5s, 1922, 50,000 00 

Railroad Bonds. 

Atchison, Topeka & Santa Fe 4s, 1955, . . . 50,000 00 

Boonville R.R. Bridge Co. 4s, 1951, .... 89,850 00 

Chesapeake & Ohio 4is, 1992, 100,000 00 

Cleveland, Columbus^ Cin. & Indianapolis 7s, 1914, . 100,000 00 

Cleveland Terminal & Valley 4s, 1995, . . . 99,250 00 

Erie (Pennsylvania Coal Collateral) 4s, 1951, . . 280,367 50 

Jeffersonville, Madison & Indianapolis 7s, 1906, . . 39,000 00 

Louisville, Henderson & St. Louis 5s, 1946, . . . 20,000 00 

Louisville, New Albany & Chicago 6s, 1910, . . 100,000 00 

New York, Chicago & St. Louis 4s, 1937, . . . 112,000 00 

Norfolk & Western (Pocahontas) 4s, 1941, . . . 95,250 00 

Northern Pac.-Gt. Northern (C. B. & Q. Col.) 4s", 1921, 124,877 50 

Ohio & West Virginia 7s, 1910 100,000 00 

Oregon Short Line 4s, 1929, 97,250 00 

Pennsylvania 3is, 1915, 333,000 00 

Pennsylvania convertible 3is, 1912, .... 200,000 00 

Reading Co. & Phila. & Read. Coal & Iron Co. 4s, 1997, 100,000 00 

Terminal Association, St. Louis, 4s, 1953, . . . 99,625 00 

Union Pacific is, 1947, 200,000 00 

Virginia Midland 5s, 1936, 39,778 75 

West Shore 4s, 2361, 100,000 00 

Miscellaneous Bonds. 

Adams Express Co. 4s, 1948, 50,000 00 

American Tobacco Co. 4s, 1951, 154,145 00 

New York & Westchester Lighting Co. 4s, 2004, . . 92,000 00 

$15,384,451 57 



Eate, 

130 

99 

117 

105 
96| 
95| 
99* 

10lf 
96i 
95| 
934 
93 
99 
99 
99 
98| 
98| 

100 

101 

111 

102 
92 

106^ 

120 

100 
93 

102 

HO* 

107| 

103 
93* 

mi 

109 
95£ 
98| 

102£ 

ioi| 

100 
104| 
113 
105| 

102?, 
79" 
92 



Market Value. 

$780,000 00 

17,869 50 

1,170,000 00 

26,250 00 

24,187 50 

23,906 25 

101,490 00 

304,875 00 

48,125 00 

143,625 00 

93,500 00 

279,000 00 

49,500 00 

643,500 00 

148,500 00 

148,125 00 

987,500 00 

200,000 00 

101,000 00 

55,500 00 

51,000 00 

92,000 00 
106,500 00 
120,000 00 
100,000 00 
279,000 00 

39,780 00 

27,625 00 
107,250 00 
115,360 00 

93,500 00 
399,500 00 
109,000 00 

95,125 00 
328,005 00 
205,750 00 
101,375 00 
100,000 00 
209,500 00 

56,500 00 
105,375 00 

51,250 00 

158,000 00 

92,000 00 



$16,783,648 25 



HOME FIRE AND MARINE INSURANCE COMPANY OF CALIFORNIA, 

SAN FRANCISCO, CAL. 

Incorporated 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, $1,124,338.70; marine, $ 34,884. 08, . 

Interest on mortgage loans, $ 7,896.95 ; collaterals, $265.50 ; stocks 

and bonds, $38,019.72 all other, $2,811.75 

Rents, 

Profit and loss, 



,159,222 78 

48,993 92 

18,236 80 

573 54 



Total income, 



. $1,227,027 04 



244 



HOME FIRE AND MARINE INSURANCE CO. 



Ledger assets, Dec. 31, 1904, 



$1,616,730 15 



Total, $2,843,757 19 



Disbursements. 

Net amount paid for fire losses, $530,482. 30; marine, $24,845.76, 

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, $3,256.96 ; other taxes and fees, $25,919.73, 

Loss on sale or maturity of ledger assets, 

Advertising, 

Traveling expenses, 

Exchange, 

Fire patrol, 

Board of Fire Underwriters, . . . 

Law expenses, . 

Printing and stationery, 

General expenses, 

Agency expenses, 

Marine expenses, 

Profit and loss, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $353,475; mortgages, $118,117, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Bills receivable, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Market value of stocks and bonds over book value, . 



Gross assets, 



$555,328 06 

36,000 00 

238,877 03 

57,084 35 

3,600 00 

7,971 87 

29,176 69 

16,577 90 

2,285 00 

15,005 21 

252 41 

337 00 

8,018 41 

852 33 

6,045 30 

13,301 70 

69,682 68 

1,292 05 

5,156 38 

$1,066,844 37 

$1,776,912 82 



$471,592 00 

977,468 40 

140,754 05 

178,478 39 

8,619 98 

$1,776,912 82 



551 15 
7,431 85 

$1,784,892 82 



Assets not admitted. 

Agents 1 balances over three months due, . . . $8,820 28 

Bills receivable, past due 1,485 40 

Special deposits less $37,374.40 liability thereon, . 23,210 60 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $1,500 resisted, $72,919.06 ; less reinsur- 
ance, $3,892.14 t 

Unearned premiums on outstanding risks, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, 



$774,232 90 



33,516 28 
,751,379 54 



$69,056 92 
908,089 72 

$977,146 64 



HOME FIRE AND MARINE INSURANCE CO. 



245 



Paid-up capital, 

Surplus over capital and general liabilities, 



$300,000 00 
474,232 90 



Total liabilities, $1,751,379 54 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 



$125,658,789 00 
.115,037,520 00 

$240,696,309 00 
. 98,646,008 00 

$142,050,301 00 
. 19,261,640 00 



Premiums. 

$1,767,439 61 
1,691,699 54 

$3,459,139 15 
1,484,876 45 

$1,974,262 70 
298,829 99 



$122,788,661 00 $1,675,432 71 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 

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, 



Railroad Stocks. 
140 shares California St. Cable, San Francisco, Cal., . 
100 " Presidio & Ferries, San Francisco, Cal., 

Bank Stocks. 

295 shares Anglo-Cal., Limited, San Francisco, Cal., . 

128 " Bank of California, San Francisco, Cal., 
20 " First National, San Francisco, Cal., 
50 " Merchants' Trust Co., Los Angeles, Cal., 
10 " Nat. Bk. of D.O.Mills Co., Sacram'to, Cal., 

Miscellaneous Stocks. 
233 shares Marin Co. Water Co., San Francisco, Cal., . 
265 " Pac. States Tel. & Tel. Co., S. Fran'co, Cal., 

100 " San Jose Water Co., Cal 

300 " Spring Valley Water W., S. Francisco, Cal., 

Government and Municipal Bonds. 

United States 4s, 1925, 

Berkeley School Dist. Alameda Co., Cal., Us, 1920-23, 
Baker City, Ore., 6s, 1909, .... 
Baker City, Ore., 6s, 1908, .... 
Eureka School District, Cal., 4is, 1906-21-23-27, 
Hollywood, Cal., 5s, 1906-20, . 

Riverside, Cal., School Dist. 4s, 1911-14, 
Sacramento, Cal., 4s, 1908-1913, . 
Visalia, Cal., School Dist. 5s, 1906-1915, 



$560,488 00 
1,999,489 00 

^2,559,977 00 
2,034,759 00 

$525,218 00 
6,565 00 



$29,232 73 
42,712 21 

$71,944 94 
44,510 72 

$27,434 22 
308 50 



$518,653 00 


$27,125 72 




$15,961,366 00 


. 


t 


7,604,472 00 


. . 




537,448 00 


. . 




30,745 00 


ny, . 




1,236,500 00 

36,000 00 

1,400 00 


> BY THE ( 


Company. 


Book Value. 


Rate. 


Market Value. 


$22,076 25 


212i 


$29,750 00 


2,500 00 


39| 


2,172 50 


27,064 15 


170 


25,075 00 


50,862 34 


423 


54,144 00 


3,800 00 


326^ 


6,535 00 


5,000 00 


98 


4,900 00 


3,000 00 


300 


3,000 00 


14,351 25 


130 


15,145 00 


27,550 00 


108 


28,620 00 


9,170 00 


105 


10,500 00 


14,757 50 


40 


12,000 00 


66,550 00 


130 


65,000 00 


13,987 80 


100 


13,000 00 


17,850 00 


100?, 


17,085 00 


3,150 00 


100 


3,000 00 


18,209 55 


100 


17,000 00 


16,155 72 


104f 


15,712 50 


13,229 75 


100 


13,000 00 


25,262 77 


101 


25,250 00 


25,340 27 


103.1 


24,840 00 



246 



HOPE MUTUAL FIRE INSURANCE CO. 



Railroad Bonds. 
California Northwestern 5s, 1928, . 
Los Angeles, Cal., 5s, 1938, . 
Los Angeles Pacific 5s, 1943, . 
Market St., San Francisco, 5s, 1924, 
Northern Cal., 5s, 1938, . 
Northern Cal., 6s, 1907, . 
Omnibus Cable, San Francisco, 6s, 1918 
Oakland Transit 6s, 1918, 
Oakland Transit 5s, 1931, 
Pacific Electric 5s, 1942, 
San Francisco & Northern Pacific 5s, 1919, 
San Francisco & San Joaquin Valley 5s, 1940, 
San Francisco, Oakland & San Jose 5s, 1933, 
Southern Pacific Branch 6s, 1937, . 

Miscellaneous Bonds. 
Bay Counties Power Co. 5s, 1930, . 
Contra Costa Water Co. 5s, 1915, . 
Dalles City, Ore., Water Co. 6s, 1910, . 
Hanford Gas & Power Co. 6s, 1906, 
Hanford Gas & Power Co. 6s, 1906, 
Oakland Gas Light & Heat Co. 5s, 1916, 
Pacific Gas Imp. Co. 4s, 1930, 
Risdon Iron & Locomotive Works 5s, 1917, . 
San Francisco Dry Dock Co. 5s, 1931, . 
San Francisco Gas & Elec. Co., S. Francisco, 4|s 
Siskiyou Electric Power Co. 6s, 1923, . 
Spring Val. Water Works Co., San Francisco, 6s, 
Sunset Tel. & Tel. Co., Cal., 6s, 1913, . 
Sunset Tel. & Tel. Co., Cal., 5s, 1929, 
Sunset Tel. & Tel. Co., Cal., 6s, 1913, 
United Gas & Electric Co. 5s, 1932, 



1933 
1906 



Book Value. 

$11,237 50 
47,010 00 
43,527 50 
36,130 00 
4,830 00 
11,358 00 
18,631 25 
12,287 50 
14,542 50 
76,122 50 
25,540 50 
42,859 50 
18,483 33 
48,595 00 

11,855 00 
11,282 50 
10,850 00 

3,915 00 
978 75 

4,345 00 
10,522 50 
13,192 50 
22,000 00 

9,975 00 
730 00 

1,060 00 
11,625 00 
47,761 11 

1,180 00 
25,173 61 

$977,468 40 



Kate. 
Ill 
118i 
107* 
114^ 
110| 
98| 
119 
120 
H2| 
111 
107£ 
117| 
111* 
1331 



100 
103* 
105^ 
100 
100 
1072 
98 
101 
110 
102f 
100 
100J 
106£ 
104^ 
106* 
100* 



Market Value. 

$11,100 00 

47,300 00 

43,000 00 

36,480 00 

4,430 00 

9,875 00 

17,850 00 

12,000 00 

14,625 00 

77,700 00 

24,667 50 

42,390 00 

20,070 00 

46,725 00 

10,000 00 
11,385 00 
10,500 00 

4,000 00 
10,000 00 

4,290 00 
10,770 00 
13,130 00 
22,000 00 
10,275 00 

1,000 00 

1,008 75 
10.650 00 
45,760 00 

1,065 00 
25,125 00 

$984,900 25 



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, $314,225 59 

Interest on mortgage loans, $100 ; stocks and bonds, f 9,450 ; all 

other, $2,817.03, 12,367 03 

Profit on sale or maturity of ledger assets, 3,916 75 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, . 

Inspections, 

Office expenses, 

Traveling expenses, 



Total disbursements, 
Balance, 



$330,509 37 
263,236 53 

$593,745 90 



$8,272 12 

254,701 04 

8,226 67 

817 80 

6,032 60 

125 00 

6,199 22 

978 32 

543 55 

$285,896 32 

$307,849 58 



HOPE MUTUAL FIRE INSURANCE CO. 



247 



Ledger Assets. 
Stocks and bonds (Schedule A), 
Cash in banks and office, . 

Agents' balances, 

Deposited in trust companies, -* 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On stocks and bonds, $1,146.67 ; other assets, $641.49, 
Market value of stocks and bonds over book value, . 



$200,073 49 

55,295 69 

9,376 67 

43,103 73 



Gross assets, 



Assets not admitted. 



Agents' balances over three months due, 
Dividends not declared or guaranteed, 
Total unadmitted assets, 

Total admitted assets, . 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Salaries and other miscellaneous expenses, due or accrued, 



• 


• 


$307,849 58 






1,788 16 


• 


• 


51,324 01 


• 


$360,961 75 


$86 


95 




250 C 








336 QFk 




• 




• 


$360,624 80 






$2,271 93 


. 


, 


160,171 46 


ed, 




6,006 86 


. 


$168,450 25 


• 


• 


192,174 55 



All liabilities, except surplus, 
Surplus, 



Total liabilities, $360,624 80 

Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

.$31,304,105 00 
. 37,487,965 00 



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

$289,185 52 $1,445,927 60 
337,665 72 1,688,328 60 



,792,070 00 
34,166,114 00 



$626,851 24 $3,134,256 20 
306,508 32 1,532,541 60 



.$34,625,956 00 $320,342 92 $1,601,714 60 

Miscellaneous. 

Losses incurred during the year, $9,715 00 

Profits or surplus returned during 1905, 89.99 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks 

265 shares Chicago & Northwestern common, 

200 

100 

150 

100 

50 

60 
500 
100 

70 

85 
100 



Erie & Pittsburgh, 

Hereford, 

Illinois Central, leased lines, 

Manhattan, .... 

N. Y. Central & Hudson River, 

Oswego & Syracuse, 

Pennsylvania, 

Pittsburg, Ft. Wayne & Chicago, 

Rensselaer & Saratoga, . 

Tunnel, St. Louis, 

Upper Coos 







Book Value. 


Rate. 


Market Value. 


1, 


223 


$59,095 00 






16,200 00 


158 


15,800 00 






9,900 00 


99i 


9,925 00 






15,562 50 


103* 


15,525 00 






13,343 75 


162J 


16,225 00 






5,781 25 


153| 


7,656 25 






6,960 00 


235 


7,050 00 






31,587 33 


143| 


35,906 25 






17,900 00 


182i 


18,250 00 






12,827 50 


208 


14,560 00 






12,325 00 


145 


12,325 00 






15,137 50 


150 


15,000 00 



248 



INDEMNITY FIRE INSURANCE CO. 



Railroad Bonds. 

West Shore 4s, 2361 

Northern Pac.-Gt. Northern (C, B. & Q. Col.) 4s, 1921, 



Book Value. 
$2,000 00 
13,100 00 

$200,073 49 



Rate. Market Value. 

105J $2,107 50 

99 J ' 21,972 50 

$251,397 50 



INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK, 

NEW YORK, N. Y. 

Incorporated 1897. Commenced business Oct. 1, 1898. 
Paid-up Capital, $200,000. 
J. MONTGOMERY HARE, President. 

Home Office^ 56 Pine Street. 

Income. 

Net fire premiums, 

Interest on stocks and bonds, .... 
Profit on sale or maturity of ledger assets, 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, - 

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

Rents, 

Taxes and fees, 

Advertising and stationery, .... 
Maps, furniture and fixtures, .... 
All other disbursements, 



Total disbursements, 
Balance, 



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



Ledger Assets. 



Total ledger assets 

Non-Ledger Assets. 

Interest accrued on .stocks and bonds, 

Market value of stocks and bonds over book value, 

Due from other companies for reinsurance, 

Gross assets, 

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

Total admitted assets, 

Liabilities. 
Unpaid losses, including $861.95 resisted, $26,004.45; less rein- 
surance, $ 6,032. 33, 

Unearned premiums on outstanding risks, 



J. H. BURGER, 
H. B. ANTHONY, * 



$287,006 61 

14,162 68 

50 00 



$301,219 29 
447,311 96 

$748,531 25 



$142,612 73 

54,066 33 

19,292 74 

2,172 28 

10,212 78 

3,334 50 

1,497 26 

8,973 89 

$242,162 51 

$506,368 74 



$419,080 00 
59,197 81 
28,090 93 

$506,368 74 



2,378 59 

6,901 25 

457 78 

$516,106 36 

1,172 95 
$514,933 41 



$19,972 12 
195,833 54 



THE INDIANAPOLIS FIRE INSURANCE CO. 



249 



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, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



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, 



$294,495 10 



$33,064,188 00 
30,645,274 00 

$63,709,462 00 
26,693,224 00 



$3,531 23 

1,101 42 

$220,438 31 

200,000 00 

94,495 10 

$514,933 41 



Premiums. 

$423,792 64 
408,756 79 



$37,016,238 00 
7,202,924 00 



.549 43 

365,433 53 

$467,115 90 

93,864 92 



.$29,813,314 00 $373,250 98 



$1,491,174 00 

806,192 00 

142,962 00 

3,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Alleghany & Western, .... 
100 " Chicago & Eastern Illinois, preferred, . 
200 " Kansas City, Ft. Scott & Mem., preferred, 
300 " Norfolk & Western, preferred, 
100 " Southwestern of Georgia, 
200 " Southern (Mob. & O.) , . 
100 " Twin City Rapid Transit, preferred, . 
400 " Union Pacific, preferred, . 

Miscellaneous Stocks. 
10 shares Underwriters' Salvage Co., N. Y., 

Government, State and Municipal Bonds. 

United States 2s, 1930, 

New York 3s, 1912, 

New York, N. Y., 3s, 1914 

New York, N. Y., 3s, 1950, 

Railroad Bonds. 
Norfolk & Western (Pocahontas) 4s, 1941, . 
Oregon Short Line 4s, 1929, 



Book Value. 

$28,675 00 
13,700 00 
16,500 00 
27,037 50 
10,600 00 
17,000 00 
11,812 50 
32,850 00 



Rate. 
145 
130 

82| 

92| 
120" 

98 
160 

99| 



1,000 00 100 



100,000 00 
26,062 50 
25,281 25 
74,812 50 

14,156 25 
19,592 50 

$419,080 00 



102g 

101| 

953 



93* 
95£ 



Market Value. 
$29,000 00 
13,000 00 
16,500 00 
27,750 00 
12,000 00 
19,600 00 
16,000 00 
39,800 00 

1,000 00 

102,375 00 
25,406 25 
23,937 50 
66,562 50 

14,025 00 
19,025 00 



$425,981 25 



THE INDIANAPOLIS FIRE INSURANCE COMPANY, INDIANAPOLIS, IND. 

Incorporated July 12, 1899. Commenced business Sept. 1, 1S99. 

Paid-up Capital, $200,000. 

JOHN II. IIOLLIDAY, President. H. C. MARTIN, Secretary. 

Home Office, 122-124 E. Market Street. 
Income. 



Net fire premiums, 



$348,437 64 



250 



THE INDIANAPOLIS FIRE INSURANCE CO. 



Interest on mortgage loans, $16,122.77; bonds, $4,196.45 
$98.03, 

Total income, 

Ledger assets, Dec. 31, 1904, 



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, 

Premiums on investments charged off, 

Advertising, printing and stationery, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 



Mortgages, 

Bonds (Schedule A), 

Cash in banks and office, .... 

Agents 1 balances, 

Due from other companies for reinsurance, 
Certificates of deposit with Central Trust Co., 
Deposit with State Auditor of Indiana, 



all other, 



$20,417 25 

$368,854 89 
514,542 99 



3,397 88 



,124 37 

12,000 00 

85,065 43 

25,365 22 

2,120 00 

10,491 34 

715 07 

3,721 41 

17,907 92 

$321,510 76 

$561,887 12 



$364,130 00 

114,788 10 

13,131 37 

41,471 13 

8,566 52 

17,500 00 

2,300 00 



Total ledger assets, $561,887 12 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $5,161.73 ; bonds, $724.96 ; other assets, $140.75, . 



Gross assets, 



6,027 44 
$567,914 56 



Assets not admitted. 

Agents' balances over three months due, . . . $545 84 

Book value of bonds over market value, . . . 1,615 60 

Due from unauthorized companies for reinsurance, . 6,407 62 
Special dep., $51,187.50; liab. in set off, $51,187.50 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $350 resisted, $33,948.15; less reinsur- 
ance, $1,744.87, 

Unearned premiums on outstanding risks, $238,354.06 ; plus same 
on disallowed reinsurance, $8,598.44, 

Due for reinsurance premiums, 



8,569 06 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$279,910 98 



$559,345 50 



$32,203 28 

246,952 50 
278 74 

$279,434 52 

200,000 00 
79,910 98 

$559,345 50 



THE INSURANCE CO. OF NORTH AMERICA. 



251 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total, . . . • . 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. $27,866,989 00 
. 31,822,770 00 



159,689,759 00 

25,267,367 00 

$34,422,392 00 

2,586,404 00 



Premiums. 

$399,250 82 
454,810 74 

$854,061 56 
371,033 20 

$483,028 36 
35,677 68 



11,835,988 00 #447,350 68 



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 Company. 



Government, County and Municipal Bonds. 
United States 2s, 1930, 



Shelby County, Ind., 4s, 1918 
Anderson, Ind., 4|s, 1919, 
Anderson, Ind., 4s, 1920, 
Brazil, Ind., 4s, 1915, 
Irvington, Ind., 4s, 1910, 
Vincennes, Ind., 4s, 1913, 
Helena, Mont., 4*s, 1922, 



1919, 



Book Value. 

$52,450 55 

10,720 61 

7,632 77 

18,760 72 

3,053 73 

8,132 43 

11,488 25 

2,549 04 

$114,788 10 



Rate. 

102g 

105 

110 

105 

104 

102 

103 

112 



,383,183 00 

600,445 00 

177,672 00 

46,000 00 

12,000 00 

22,050 00 



Market Value. 

$51,187 50 

10,500 00 

7,700 00 

18,375 00 

3,120 00 

8,160 00 

11,330 00 

2,800 00 

$113,172 50 



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. 

Rome Office, 232 Walnut Street. 

Income. 

Net fire premiums, $5,301,568.15; marine, $1,865,012.81, . . $7,166,580 96 

Deposit premiums on perpetual risks, ...... 19,669 50 

Interest on mortgage loans, $37,187.24; collaterals, $2,866.86; 

stocks and bonds, $364,033.53; all other, $23,596.87, . . . 427,684 50 

Rents, including company's own occupancy, 30,492 89 

Profit on sale or maturity of ledger assets, 34,795 00 

Profit and loss 1,031 85 

From all other sources, 1,853 59 



Total income, 
Ledger assets, Dec. 31, 1904, 



Total, 



$7,682,108 29 
11,587,962 67 

$19,270,070 96 



Disbursements. 

Net amount paid for fire losses, $2,6 13,277.89; marine, $1,214,028.71, $3,827,306 60 
Deposit premiums returned, 16,999 91 



252 



THE INSURANCE CO. OF NORTH AMERICA. 



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, $6,476.58 ; other taxes and fees, $167,753.77, 

Loss on sale or maturity of ledger assets, . 

Advertising, printing and stationery, 

Legal expenses, 

Reduction in book value of sundry investments, 

Profit and loss, 

Adjustment expenses, 

Inspection expenses, 

National and local boards, 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $466,100; mortgages, $627,488.39, 

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, 

Non-Ledger Assets. 

Interest due and accrued on mortgages, . 
Market value of stocks and bonds over book value, 
Due from other companies for reinsurance, 



Gross assets, 



$360,076 20 

1,480,806 74 

447,939 35 

30,588 50 

8,700 42 

174,230 35 

5,681 64 

49,057 44 

8,212 22 

49,069 43 

5,584 55 

6,355 47 

25,031 11 

32,616 53 

164,980 45 

. $6,693,236 91 

$12,576,834 05 



$1,093,588 39 

244,000 00 

8,902,646 85 

1,190,403 42 

1,116,509 21 

29,175 59 

510 59 

$12,576,834 05 



5,329 95 

270,621 10 

8,786 66 

$12,861,571 76 



Assets not admitted. 

Loans on company's stock, 

Agents' balances over three months due, . 
Loans on personal security, . . 
Special deposits less $216,099.35 liability thereon, . 
Due from unauthorized companies for reinsurance, . 
Total unadmitted assets, 

Total admitted assets, 



$1,000 00 

20,613 77 

310 00 

97,866 90 

4,049 92 



123,840 59 
$12,737,731 17 



Liabilities. 

Unpaid losses, including $37,255 resisted, $908,015 ; less reinsurance, 
$46,090 

Unearned premiums on outstanding risks, $4,763,930.29 ; plus same 
on disallowed reinsurance, $12,693.12, .... 

Reclaimable on perpetual fire policies, .... 

Dividends due stockholders, 

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, . 



$861,925 00 

4,776,623 41 

759,655 38 

30 00 

320 11 

55,000 00 

13,890 84 

'6,467,444 74 



THE INSURANCE CO. OF NORTH AMERICA. 



253 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



1,270,286 43 



. $3,000,000 00 
. 3,270,286 43 



Total liabilities, 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



,737,731 17 
Risks and Premiums. 

Premiums. 

$730,335,731 00 $8,857,187 46 
. 552,886,641 00 6,745,052 84 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 



Net amount in force, .... 

Perpetual risks in force (not included above), 

Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total 

Risks expired and terminated, . 

In force at end of year, 



$1,283,222,372 00 $15,602,240 30 
. 521,079,318 00 6,389,324 39 



$762,143,054 00 
. 58,519,281 00 



1,212,915 91 
682,694 96 



$703,623,773 00 $8,530,220 95 

. $33,062,870 00 $836,771 68 

. $6,571,245 00 $369,959 00 
.441,923,691 00 2,248,886 85 



$448,494,936 00 $2,618,845 85 
.374,873,141 00 2,244,195 00 



.$73,621,795 00 $374,650 85 



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, , 
Stock dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Company's stock owned by directors, ... 



$182,945,536 00 
123,829,896 00 
2,547,278 00 
1,239,932 00 
17,058,875 00 
200,000 00 
360,000 00 
90,450 00 



Schedule A. Securities held as Collateral. 



50 shares Insurance Co. of North America, 
100 " Alliance Insurance Co. of Philadelphia, 
Philadelphia 3|s, 1920, 

20 shares Little Schuylkill R.R., .... 

2 " Penn. Co. for Ins. on Lives and Granting Annu's 
500 " Philadelphia Co., common, .... 
400 " United Gas Improvement Co., 

600 " Reading Co., common, 

300 " United Gas Improvement Co., 

Greenwich Coal and Coke Co. 5s, 1924, 

Pittsburgh, Cincinnati, Chicago &'St. Louis Ry. 4s, 1945, 

Savannah, Florida & Western R.R. 6s, 1934, 

United States Mortgage & Trust Co.'s certificates of deposit 

100 shares Electric Storage Battery Co., 

100 " Omaha & Council Bluffs Street Ry., preferred, 

100 " Philadelphia Warehouse Co., 

100 " United Gas Improvement Co., 

100 " United States Steel Corporation, preferred, . 

Real estate in Tacoma, Wash 



Company's 
Market Value. 

$1,393 75 
1,950 00 
3,022 50 ) 
1,255 00 } 
1,100 00 \ 
25,750 00 
37,600 00 
41,700 00 
28,200 00 ( 
35,000 00 ) 

1,000 00 

26,000 00 

18,000 00 

8,000 00 

8,000 00 

10,000 00 

9,400 00 

10,662 50 

50,000 00 



Loaned 
Thereon. 

$1,000 00 
1,600 00 

5,000 00 



50,000 00 
50,000 00 



100,000 00 



26,400 00 
10,000 00 



$318,033 75 $244,000 00 



254 



THE INSURANCE CO. OF NORTH AMERICA. 



Schedule B. Stocks and Bonds owned by the Company, 

Railroad Stocks. 
100 shares Delaware and Bound Brook, 
500 " North Pennsylvania, . 
2,500 " Philadelphia Traction Co., 
Bank Stocks. 
100 shares Girard National, Philadelphia, Pa., 
100 " Philadelphia National, Pa., 

Miscellaneous Stocks. 
Atlantic Mutual Insurance Scrip Issue, 1900, 
Atlantic Mutual Insurance Scrip Issue, 1901, 
Atlantic Mutual Insurance Scrip Issue, 1902, 
Atlantic Mutual Insurance Scrip Issue, 1903, 
Atlantic Mutual Insurance Scrip Issue, 1904, 
Atlantic Mutual Insurance Scrip Issue, 1905, 
165 shares New York Dock Co., preferred, 
500 " North American Wrecking Co., 
10 " Pacific Coast Salvage Association, 
40 " Philadelphia Bourse, . 
30 " Philadelphia Bourse, preferred, 
10 " Underwriters' Salvage Co., N. Y., 
500 " United Gas Improvement Co., 

Government Bonds. 
Belgian 3s, 

Imperial Japanese 4is, 1925, 
Imperial Japanese 6s, 1911, 

State, County and Municipal Bonds. 

Georgia 4^s, 1911, 

New Mexico 6s, 1919, .... 

Nova Scotia 3s, 1922 

Colfax County, New Mexico, 6s, 1917, . 

Grant County, New Mexico, 5s, 1932, . 

Delaware County, Pennsylvania, 3|s, 1917, 

Montreal, Canada, 4s, 1925, 

Montreal, Canada, 4s, 1926, 

Ottawa, Canada, 3^s, 1928, 

Chicago, 111., 6s, 1900, . 

Chicago, 111., 6s, 1901, . 

Boston, Mass., 4s, 1913, . 

Jersey City, N. J., 4s, 1935, 

Raton, New Mexico, 6s, 1917, 

New York, N. Y., 3is, 1952, 

Portland, Ore., 5s, 1922, 

Richmond, Va., 4s, 1923, 

Richmond, Va., 4s, 1927, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe general 4s, 1995, 
Atlantic City 4s, 1951, . 
Atlantic & Danville 4s, 1948, 
Baltimore & Ohio 4s, 1948, . 
Baltimore & Ohio prior lien 3^s, 1925, 
Baltimore & Ohio (Southwestern Div.) 3|s, 1925, 
Baltimore & Potomac 6s, 1911, 
Baltimore & Potomac Tunnel 6s, 1911, 
BeltR.R. & Stock Yard Co., Indianapolis, 6s, 1911, 
Bergen County 6s, 1911, . . . 

Camden & Atlantic 5s, 1911, . 
Canadian Northern 4s, 1930, . 
Central Pacific 1st refunding 4s, 1949, . 
Central Pacific 3£s, 1929, . . 
Central Pacific 4s, 1954, 
Chesapeake & Ohio equipment 4s, 1910, 
Chesapeake & Ohio equipment 4s, 1907, 
Chesapeake & Ohio equipment 4s, 1908, 
Chesapeake & Ohio equipment 4s, 1909, 
Chesapeake & Ohio equipment 4s, 1910, 
Chesapeake & Ohio 4$s, 1992, 
Chicago & Erie 5s, 1982, 
Chicago, Rock Island & Pacific 4s, 1909, 



Book Value. 


Kate. 


Market Value. 


$19,000 00 


206 


$20,600 00 


50,000 00 


208 


52,000 00 


247,500 00 


201 


251,250 00 


25,000 00 


249 


24,900 00 


10,000 00 


318 


31,800 00 




f 105 


17,451 00 




k06 


7,218 60 


31,630 00 


J 107 
1 108 


1,059 30 
270 00 




|108i 


1,529 85 




[1091 


6,077 25 


13,500 00 


79" 


13,035 00 


29,000 00 


25 


12,500 00 


1,250 00 


50 


1,250 00 


200 00 


7 


140 00 


750 00 


5 


37 50 


1,000 00 


100 


1,000 00 


46,500 00 


188| 


47,125 00 


49,000 00 


lOOf 


49,367 50 


13,200 00 


91 


13,295 10 


73,050 00 


98 


71,589 00 


25,000 00 


106i 


26,625 00 


2,000 00 


106| 


2,132 50 


9,000 00 


89 


8,900 00 


100 00 


100 


100-00 


8,000 00 


100 


8,000 00 


35,000 00 


99 


34,650 00 


16,000 00 


102 


16,320 00 


95,000 00 


102 


96,900 00 


28,500 00 


94 


28,200 00 


1,366 85 


100 


1,366 85 


2,100 00 


100 


2,100 00 


112,000 00 


103J 


115,500 00 


100,000 00 


100 


100,000 00 


200 00 


108 


216 00 


100,000 00 


98f 


98,750 00 


50,000 00 


115* 


57,750 00 


50,000 00 


103jf 


51,562 50 


3,000 00 


103| 


3,108 75 


100,000 00 


101J 


101,875 00 


25,000 00 


95 


23,750 00 


24,000 00 


95i 


23,875 00 


30,000 00 


102| 


30,750 00 


285,000 00 


94| 


282,750 00 


183,000 00 


9l| 


182,500 00 


10,000 00 


110I 


11,050 00 


5,000 00 


no; 


5,525 00 


50,000 00 


108$ 


54,250 00 


50,000 00 


106" 


53,000 00 


50,000 00 


106i 


52,625 00 


30,000 00 


101$ 


30,450 00 


100,000 00 


99* 


99,500 00 


43,800 00 


87" 


43,500 00 


148,500 00 


- 97 


145,500 00 


75,000 00 


98i 


73,687 50 


25.000 00 


99 


24,750 00 


50,000 00 


99 


49,500 00 


24,000 00 


98i 


24,625 00 


24,000 00 


98r} 


24,562 50 


75,000 00 


106i 


79,875 00 


50,000 00 


120" 


60,000 00 


24,000 00 


93| 


23,343 75 



THE INSURANCE CO. OF NORTH AMERICA. 



255 



Chicago, Rock Island & Pacific 4s, 1988, 

Chicago, St. Louis & New Orleans 3^s, 1951, 

Choctaw & Memphis 5s, 1949, 

Choctaw, Oklahoma & Gulf 5s, 1952, 

Choctaw, Oklahoma & Gulf 5s, 1919, 

Choctaw, Oklahoma & Gulf 5s, 1906, 

Choctaw, Oklahoma & Gulf 5s, 1907, 

Choctaw, Oklahoma & Gulf 5s, 1908, 

Cincinnati, Hamilton & Dayton 5s, 1942, 

Cleveland, Cincinnati, Chicago & St. Louis 4s, 1993, 

Cleveland, Lorain & Wheeling 5s, 1933, 

Cleveland, Lorain & Wheeling 5s, 1936, 

Consolidated Traction Co., N. J., 5s, 1933, , 

Delaware & Chesapeake 4s, 1912, . 

Delaware River R.R. & Bridge Co. 4s, 1936, 

Elmira & Williamsport 6s, 1910, 

Empress Elizabeth, Austria, 4s, 

Erie Car Trust 4^s, 1909, 

Erie general lien 4s, 1996, 

Erie prior lien 4s, 1996, . 

Hocking Valley 5s, 1906, 

Indiana, Illinois & Iowa 4s, 1950, 

Indianapolis Union 4s, 1909, . 

Iron Mountain Car Trust 5s, 1912, 

Iron Mountain Car Trust 5s, 1913, 

Jefferson (Carbondale Branch) 5s, 1909, 

Jersey City, Hoboken & Paterson Street 4s, 1949, 

Lake Shore & Michigan Southern 4s, 1928, . 

Lehigh Valley 4is, 

Lehigh Valley 4fs, 1923, .... 

Lehigh Valley 4s, 2003, 

Lehigh Valley 44s, 1940, .... 

Lehigh Valley Terminal 5s, 1941, . 

Lehigh Valley Traction 4s, 1929, . 

Lehigh & Wilkesbarre Coal Co. 5s, 1912, 

Long Island guar, ref . 4s, 1949, 

Louisville & Nash. (Evans., Hend. & N. Div.) 6s, 1919 

Louisville & Nashville 4s, 1940, . 

Market Street Elevated Passenger 4s, 1955, . 

McKeesport & Belle Vernon 6s, 1918, . 

New York, Lake Erie & Western 4As, 1923, . 

New York, Philadelphia & Norfolk 4s, 1939, 

Norfolk & Western 4s, 1944, .... 

Norfolk & Western 4s, 1996, .... 

Norfolk & Western equipment trust 4s, 1909, 

Norfolk & Western equipment trust 4s, 1911, 

North Pennsylvania 4s, 1936, 

Northern Pacific 4s, 1997, 

Oregon Short Line 4s, 1929, . 

Pennsylvania 4*s, 1913, . 

Pennsylvania Co. 3|s, 1916, . 

Pennsylvania and New York Canal and R.R. 7s, 1906, 

Pennsylvania and New York Canal and R.R. 4s, 1939, 

Philadelphia & Baltimore Central 5s, 1911, 

Philadelphia & Erie 5s, 1920, 

Philadelphia & Reading 4s, 1937, . 

Philadelphia & Reading 4s, 1947, . 

Philadelphia, Wilmington & Baltimore 4s, 1921, 

Pittsburgh, Cincinnati, Chicago & St. Louis 4?,s, 1940 

Pittsburgh, Cincinnati, Chicago & St. Louis 4s, 1945, 

Pittsburgh, Cincinnati, Chicago & St. Louis 3*s, 1949 

Pittsburg, McKeesport & Youghiogheny 6s, 1934, 

Potomac Electric Power Co. 5s, 1929, . 

Reading Co. & Phila. & Read. Coal & Iron Co. 4s, 1997 

Richmond-Washington Co. 4s, 1943, 

Rio Grande Western 4s, 1949, 

St. Louis, Memphis & Southeastern 4£s, 1909, 

St. Paul & Duluth 4s, 1968, .... 

San Antonio and Aransas Pass 4s, 1943, 

Schuylkill River East Side 4s, 1925, . 

Southern equipment trust 4?,s, 1909, 

Southern equipment trust 4ls, 1912, 



Book Value. 

$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 

100,000 00 
50,000 00 
24,000 00 
40,000 00 
25,000 00 
89,000 00 

125,000 00 
75,000 00 
36,000 00 

100,000 00 
28,000 00 
15,000 00 
50,000 00 
41,000 00 

150,000 00 
52,000 00 
50,000 00 

197,000 00 
50,000 00 
40,000 00 
46,500 00 
10,000 00 

100,000 00 
46,000 00 
49,000 00 
49,500 00 
20,000 00 

200,000 00 
50,000 50 
49,000 00 

150,000 00 

49,000 00 

49,000 00 

5,000 00 

200,000 00 
98,000 00 
50,000 00 
48,000 00 
50,000 00 

100,000 00 

100,000 00 

150,000 00 
50,000 00 

150,000 00 
28,000 00 
50,000 00 
60,000 00 
95,000 00 
50,000 00 
25,000 00 

190,000 00 
50,000 00 
46,000 00 
50.000 00 
15,000 00 
18,000 00 

250,000 00 
50,000 00 
50,000 00 



Rate. Market Value. 
103| 
94 

116i 
110| 
107 
100 
100 
100! 
111 
102J 
114 



107 
100 
102 
106 

99! 

99 

92 

99! 

99f 
100 

99^ 
102| 
102-J 
101f 

75^ 

99| 
116| 
107 

98 
108| 
118i 

88 ^ 
100| 
1004 
112 " 
103* 

99| 

ml 

108! 
102 

98 
1001 

98! 

97f 
109| 
104! 

95J 
103 

97 
105 
lOOi 
102^ 
117 
102 
103 
1014 
llOf 
102| 

92?; 

135' 
106| 
1011 
103] 

90 

96 

98 

88 
104f 
100 
100 



$103,750 00 
47,000 00 
58,250 00 
55,125 00 
53,500 00 
8,000 00 
5,000 00 
12,030 00 
55,500 00 
51,437 50 
57,000 00 
26,125 00 

107,000 00 

100,000 00 
51,000 00 
25,440 00 
39,700 00 
24,750 00 
92,000 00 

124.062 50 
74,718 75 
36,000 00 
99,500 00 
28,735 00 
15,431 25 
50,875 00 
37,625 00 

149,250 00 
60,580 00 
53,500 00 

196,000 00 
54,375 00 
47,400 00 
44,000 00 
10,062 50 

100,500 00 
51,520 00 
51,750 00 
49,750 00 
22,350 00 

216,500 00 
51,000 00 
49,000 00 

150,750 00 

49,125 00 

48,875 00 

5,487 50 

208,500 00 
95,125 00 
51,500 00 
48,500 00 
52,500 00 

100,500 00 

102,000 00 

175,500 00 
51,000 00 

154,500 00 
28,420 00 
55,375 00 
60,475 00 
92,500 00 
67,500 00 
24,59:5 75 

202,750 00 
51,625 00 
45,000 00 
48,000 00 
14,700 00 
18,480 00 

261,875 00 
50,000 00 
50,000 00 



256 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



Southern equipment trust 4-^s, 1911, 
Steubenville & Indiana 5s, 1914, . 
Steubenville Traction & Light Co. 5s, 1926, 
Terminal Association, St. Louis, 5s, 1944, 
Terminal Association, St. Louis, 4s, 1953, 

Tioga 5s, 1915, 

Union Pacific 4s, 1947, .... 

West Shore 4s, 2361 

Western New York & Pennsylvania 4s, 1943, 
Wilkinsburg & East Pittsburg Street 5s, 1929, 
Wilmington & Weldon 4s, 1935, . 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
Equitable Illuminating Gas Light Co. 5s, 1928, 
Erie & Western Transportation Co. 4s, 1925, 
Harrisburg Gas Co. 5s, 1928, . 
Lehigh Coal & Navigation Co. 4is, 1924, 
New York Dock Co. 4s, 1951, 
Omaha Gas Co. 5s, 1917, 
Philadelphia Co. 5s, 1949, . 



Book Value. 
$100,000 00 

200,000 00 
25,000 00 
40,000 00 

150,000 00 
5,000 00 

150,000 00 
25,000 00 
99,000 00 
50,000 00 
50,000 00 

48,000 00 
134,000 00 
100,000 00 
25,000 00 
50,000 00 
16,500 00 
25,000 00 
50,000 00 



Rate. Market Value. 
100 
100 
100 



100 
103 
104| 
105jf 
98 
lllf 
102 

941 
106| 
102 
1011 
108i 

97 " 
101 
108 



$8,902,646 85 



$100,000 00 

200,000 00 

25,000 00 

49,100 00 

150,000 00 

5,150 00 

157,125 00 

26,343 75 

98,000 00 

55,875 00 

51,000 00 

47,250 00 
142,375 00 
102,000 00 
25,375 00 
54,250 00 
16,005 00 
25,250 00 
54,000 00 

9,173,267 95 



THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA, 

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 stocks and bonds, 
Rents, including company's own occupancy, 
Discount on perpetual insurance cancelled, 
Profit and loss, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$225,363 02 

7,389 70 

8,002 20 

18,889 62 

663 99 

13 00 

$260,321 53 
603,416 43 



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, $2,973.41 ; other taxes and fees, $ 5,062 
Interest, 
Bills payable, 
Maps, . 
Advertising, 
Profit and loss, 

Postage, express, telephone and telegraph 
Traveling expenses, . 
Printing and supplies, 
Patrols, .... 
Board of Underwriters, 
Office furniture and fixtures, 



.05, 



$863,737 


96 


$90,600 


27 


9,281 


83 


51,399 


44 


11,912 


02 


4,000 


00 


9,903 


15 


8,035 


46 


74 


16 


50,000 


CO 


1,459 


73 


720 


07 


57 


81 


683 


62 


1,198 


05 


931 


05 


1,246 


59 


1,859 


36 


212 


80 



THE INSUKANCE CO. OF THE STATE OF PENNSYLVANIA. 



257 



Bradstreet and Fire Record, 
Miscellaneous, 



$350 00 
1,835 64 



Total disbursements, $245,761 05 



Balance, 



Ledger Assets. 

Real estate, 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 

Bills receivable 

Deposited with Philadelphia Underwriters' Association, 
Perpetual reinsurance reclaimable, .... 

Total ledger assets, 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 
Rents due and accrued on company's property, 
Market value of real estate over book value, 
Reclaimable on term reinsurance on perpetuals, 



Gross assets, 



Assets not admitted. 

Agents' balances over three months due, . . . $925 94 

Bills receivable, past due, 5,845 42 

Book value of stocks and bonds over market value, . 4,622 00 

Deposited with Philadelphia Underwriters' Assoc'n, 1C0 00 

Reinsurance due from unauthorized companies, . 182 50 

Total unadmitted assets, 



Total admitted assets, 



Liabilities. 

Unpaid losses, including $1,800 resisted, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, . 
Perpetuals not reclaimable, 

All liabilities, except capital and surplus, .... 

Surplus to policy holders $277,004 29 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, .... 
Perpetual risks in force (not included above), 



$15,029,306 00 
22,599,109 00 

$37,628,415 00 
17,261,454 00 

$20,366,961 00 
323,043 00 

$20,043,918 00 
$5,090,853 00 



$617,976 91 

$306,533 19 

246,571 75 

19,277 08 

35,114 17 

5,845 42 

100 00 

4,535 30 

$617,976 91 



2,553 82 
1,703 75 
4,966 81 
1,047 95 

$628,249 24 



11,675 86 
► 16,573 38 



$21,111 59 

135,008 75 

178,198 80 

789 50 

4,006 94 

453 53 

$339,569 09 

200,000 00 
77,004 29 

$616,573 38 



Premiums. 



,419 47 
275,209 55 

$462,629 02 
207,578 19 

$255,050 83 
4,320 57 

$250,730 26 
$193,463 37 



258 



LUMBER INSURANCE CO. OF NEW YORK. 



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, 



$22,634,368 00 

. 17,663,079 00 

94,399 00 

. 4,315,406 00 



Schedule A. Stocks and Bonds owned by the Company. 



Miscellaneous Stocks. 
2 shares General Adjustment Bureau, . 
1 share Western Adjustment & Inspection Co., 

County and Municipal Bonds. 
Alleghany County, Pennsylvania, 3|s, 1932, 
Montgomery County, Pennsylvania,*3is, 1928, 
New York, N. Y., Sis, 1951, 
New York, N. Y., 3fs, 1952, 
New York, N. Y., 3ls, 1953, 
Rochester, N. Y., 3is, 1933, 
Syracuse, N. Y., 3s, 1909, 
Cincinnati, O., 3|s, 1952, 
Cleveland, O., 4s, 1922, . 
Alleghany, Pa., 3^s, 1921, 
Chester, Pa., 3£s, 1913, . 
Harrisburg, Pa., .34s, 1908, 
Philadelphia, Pa., 3^s, 1908, 
Philadelphia, Pa., 3fs, 1932, 
Philadelphia, Pa., 3s, 1917, 
Philadelphia, Pa., 3s, 1923, 
Pittsburg, Pa., 4s, 1931, 
Scran ton, Pa., 4^s, 1919, 

Bailroad Bonds. 
Lehigh Valley 4s, 2003, . 
Reading Co. (Jersey Central) 4s, 1951, 



Book Valuo. 

$100 00 

140 00 

10,025 00 

5,213 00 

25,677 50 

31,050 00 

20,475 00 

5,093 50 

9,605 00 

10,075 00 

10,300 00 

10,346 00 

5,084 50 

20,025 00 

15,225 00 

25,912 50 

3,890 00 

1,653 25 

10,982 00 

5,724 50 

10,000 00 
9,975 00 

$246,571 75 



Rate. 
100 
100 

98^ 

98 

98| 

98| 

98| 

101 

98| 

102J 

103 

101* 

99* 

100* 

100i 

1021 

96| 

954 

110 ~ 

110 

98 



Market Value. 

$100 00 

100 00 

9,825 00 

4,900 00 

24,687 50 

29,625 00 

19,750 00 

5,050 00 

9,875 00 

10,225 00 

10,300 00 

10,112 50 

4,968 75 

20,025 00 

15,037 50 

25,625 00 

3,870 00 

1,623 50 

11,000 00 

5,500 00 

9,800 00 
9,950 00 

$241,949 75 



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. R. H. McKELVEY, Secretary. 

Home Office, 66 Broadway. 

Income. 
Net fire premiums, 
Interest on bonds, 
Profit on sale or maturity of ledger assets, 



From all other sources, 

Total income, 
Ledger assets, Dec. 31, 1904, 

Total, .... 

Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers an 
Taxes and fees, . 
General expenses, 

Total disbursements, . 

Balance, 



Disbursements. 
d employees, . 



$121,296 48 

11,390 59 

93 75 

897 48 

$133,678 30 
363,076 29 

$496,754 59 



$50,171 97 

2,623 20 

42,297 52 

1,132 16 

75 80 

$96,300 65 

8100,453 94 



LUMBER INSURANCE CO. OF NEW YORK. 



259 



Ledger Assets. 



Bonds (Schedule A), 






$301,742 50 
77,371 23 
21,340 21 


Total ledger assets, 


$400,453 94 


Non-Ledger Assets. 
Interest accrued on bonds, 


. 


• 


3,387 06 


Gross assets, 


$403,841 00 


Assets not admitted 








Agents 1 balances over three months due, . 
Book value of bonds over market value* . 

Total unadmitted assets, .... 


$48 64 
742 50 


791 14 


• • • 


, 




Total admitted assets, 


$403,049 86 


Liabilities. 








Unpaid losses, including $5,000 resisted, . 
Unearned premiums on outstanding risks, 


'. $311,568 49 


$6,181 88 
85,299 49 


All liabilities, except capital and surplus, . 
Surplus to policy holders, . . . . • . 

Paid-up capital, 

Surplus over capital and general liabilities, 


$91,481 37 

200,000 00 
111,568 49 


Total liabilities, 


$403,049 86 


Risks and Premiums 

Fire risks outstanding Dec. 31, 1904, . 

Fire risks written during 1905, .... 


. $6,912,974 00 
. 10,558,048 00 


Premiums. 

$141,375 99 
214,562 44 


Total 

Risks expired and terminated, .... 


.$17,471,022 
. 8,603,567 


00 
00 


$355,938 43 
181,974 38 


In force at end of year, 

Amount reinsured, 


. $8,867,455 00 
155,445 00 


$173,964 05 
3,365 06 


Net amount in force, 


. $8,712,010 


00 


$170,598 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, 


. 


• 


$372,345 00 

89,596 00 

46,962 00 

176,300 00 


Schedule A. Bonds owned by the Compan 


Y. 




Municipal Bonds. 

New York, N. Y., 3is, 1953 

New York, N. Y., 3is, 1929 

New York, N.Y., 3is, 1954 

Miscellaneous Bonds. 
Lackawanna Steel Co. 5s, 1923, ..... 

Natural Food Co. 5s, 1912 

Niagara Falls Power Co. 5s, 1932 

Ontario Power Co. 5s, 1943, 


Book Value. 

351,812 50 

50,937 50 

101,312 50 

25,000 00 
23,680 00 
25,000 00 
24,000 00 


Kate. 

981 

99] 
100 

105 

99 

103 

101 


Market Value. 

349,375 00 

49,625 00 

100,000 00 

2R.250 00 

24,750 do 
25,750 00 
25,250 00 




^301,742 50 




3301,000 00 



260 THE lumbermen's MUTUAL INSURANCE CO. 



THE LUMBERMEN'S MUTUAL INSURANCE COMPANY OF 
MANSFIELD, OHIO, MANSFIELD, OHIO. 

Incorporated 1895. Commenced business Oct. 10, 1895. 
E. S. NAIL, President. W. H. G. KEGG, Secretary. 

Home Office, Lumbermen's Heights. 

Income. 

Net premiums, $179,632 23 

Interest on mortgage loans, $506; collaterals, $125.92; stocks and 

bonds, $1,871.61; allother, $3,105.50, 5,609 03 



Total income $185,241 26 

Ledger assets, Dec. 31, 1904, 194,575 96 

Total, $379,817 22 

Disbursements. 

Net amount paid for losses, $58,308 12 

Profits on terminated policies, 46,625 90 

Commissions or brokerage, . . 10,026 31 

Salaries, fees, etc , of officers and employees, 14,772 76 

Rents, 496 04 

Real estate taxes, $23.40; other taxes and fees, $2,062.92, . . 2,086 32 

Premiums on bonds and stocks, 2,203 20 

Traveling and adjusting, 6,726 90 

Advertising and postage, 1,648 16 

Printing and stationery, 665 95 

General expenses, 1,453 08 

Total disbursements, $145,012 74 

Balance, $234,804 48 

Ledger Assets. 

Real estate, $14,204.12; mortgages, $24,137.44, .... $38,34156 

Loans secured by collateral (50 sh. R. H. Jenks Lumber Co., Cleve.), 2,000 00 

Stocks and bonds (Schedule A), 115,614 65 

Cash in banks and office, 63,577 77 

Agents' balances, 15,270 50 

Total ledger assets, $234,804 48 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $320.67; bonds, $700 ; collateral loans, $30; other 

assets, $808.03, . 1,858 70 

Market value of stocks and bonds over book value, .... 2,007 50 

Gross assets, $238,670 68 

Liabilities. 

Unpaid losses, $105 70 

Unearned premiums on outstanding risks, 89,816 12 

Commissions and other charges due agents and brokers, . . . 3,000 00 

All liabilities, except surplus, $92,921 82 

Surplus, 145,748 86 

Total liabilities, $238,670 68 



manufacturers' mutual FIRE INSURANCE CO. 



261 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total, 

Risks expired and terminated, . 



Amount. 

$5,123,804 00 
7,145,237 00 



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

8142,552 50 $427,657 50 
196,387 59 589,162 77 



. $12,269,041 00 $338,940 09 $1,016,820 27 
. 5,641,904 00 159,307 86 477,923 58 



In force at end of year, . . . $6,627,137 00 $179,632 23 $538,896 69 

Miscellaneous. 

Losses incurred during the year, $58,414 00 

Profits or surplus returned during 1905, 33.33 per cent. 

Schedule A. Stocks and Bonds o^ 

Stocks. 
240 shares Little Miami R.R., .... 
75 " Farmers' National Bank, Mansfield, O., 

Government, County and Municipal Bonds. 

United States 2s, 1930, 

Paulding County, Ohio, 5s, 1910-11, 

Cleveland, O., 4s, 1919, 

Cleveland, O., 4s, 1923, 

Oberlin, 0.,5s, 1915, , 

Shelby, O., 5s, 1906-7-8, 



ED BY THE 


Company. 


Book Value. 


Kate. 


Market Value. 


$27,540 00 
7,500 00 


230 
150 


$27,600 00 
11,250 00 


32,046 25 

17,892 50 

1,052 80 

9,580 50 

18,662 60 

1,340 00 


102§ 

103 

105* 

103J 

105 

101 


31,736 25 

17,500 00 

1,051 25 

9,281 25 

17,850 00 

1,353 40 


$115,614 65 




$117,622 15 



MANUFACTURERS 1 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 

Office, 10 Weybosset Street. 

Income. 
Net premiums, 



Interest.pn stocks and bonds, $27,346.81 ; all other, $977 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1904, 



Total, 



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

Reduction in book value of securities, 
Inspections, . 
Interest, 

1905 premiums paid in 1904, 
Incidental expenses, . 



Total disbursements, 
Balance, 



30, 



$512,711 50 
28,324 11 
10,650 00 

$551,685 6! 
502,975 74 

$1,054,661 35 



$19,804 88 

428,791 18 

9,728 69 

926 50 

9,271 87 

4,046 00 

8,020 49 

50 00 

50 00 

1,873 18 

$482,562 79 

$572,098 56 



262 



manufacturers' mutual FIRE INSURANCE CO. 



Ledger Assets. 
Stocks and bonds (Schedule A), 
Cash in banks and office, .."... 
Premiums in course of collection, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On bonds, $941.67 ; other assets, $5,253.89, 
Market value of stocks and bonds over book value, 



Gross assets, 

Assets not admitted. 
Dividends not declared or guaranteed, 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Taxes accrued, 

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



$519,695 96 
42,083 53 
10,319 07 

$572,098 56 



6,195 56 
182,644 79 

$760,938 91 



2,865 06 
$758,073 85 



$6,212 70 

251,832 28 

8,251 57 

$266,296 55 

491,777 30 

Total liabilities, $758,073 85 



Risks and Premiums. 



Risks outstanding Dec. 31, 1901, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $56,491,594 00 
. 67,471,819 00 

$123,963,413 00 
. 60,827,417 00 



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

$453,524 62 $2,267,623 10 
537,663 17 2,688,315 85 



1,187 79 $4,955,938 95 
487,523 24 2,437,616 20 



.$63,135,996 00 $503,664 55 $2,518,322 75 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1905, 92.67 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Boston & Providence, 

110 " Chicago, Burlington & Quincy, 

150 " Chicago, Milwaukee & St. Paul, preferred 

2.S0 " Chicago & Northwestern, . 

100 " Cleve., Cin., Chic. & St. Louis, preferred 

251 " Great Northern, preferred, 

50^ " Great Northern, preferred (1st inst. paid) 

300 " Illinois Central, 

100 " Manhattan, 

100 " Minn., St. Paul & S. Ste. Marie, preferred 

110 " New York, New Haven & Hartford, 

350 " Northern Pacific, 

8/,,';) " Northern Securities, . 

60 " Old Colony, 

1,400 " Pennsylvania, 

150 " Providence & Worcester, 

100 " Rome, Watertown & Ogdenshurg, 

300 " Union Pacific, preferred, . 



Book Value. 

$25,300 00 

13,362 50 

26,643 75 

35,935 63 

9,925 00 
29,036 79 

1,255 00 
39,576 95 
13,387 50 
16,012 50* 
20,550 67 
26,646 26 
522 61 
10,797 87 
84,173 61 
32,500 00 
11,812 50 
26,189 07 



• 


$25,067 00 


3MPA 

Rate. 


NY. 

Market Value. 


311 


$31,100 00 


200 


22,000 00 


188* 


28,275 00 


223 


51,290 00 


118^ 


11,850 00 


274 


68,774 00 


320 


4,016 00 


175$ 


52,575 00 


162$ 


16,225 00 


172 


17,200 00 


196$ 


21,587 50 


203 


71,050 00 


275 


2,318 25 


208 


12,480 00 


143& 


100,537 50 


298 


44,700 00 


134 


13,400 00 


99* 


29,850 00 



THE MECHANICS INSURANCE CO. 



263 



Bank Stocks. 
100 shares Nat'l B'k of Commerce, Providence, R. I., 

Miscellaneous Stocks. 
200 shares American Tel. & Tel. Co., 
Bonds. 

United States 4s, 1925, 

Rhode Island 3is, 1934 

New York, New Haven & Hartford R.R. 3£s, 1956, . 



Book Value. 


Rate. 


Market Value. 


$3,600 00 


120 


$6,000 00 


28,467 75 


138 


27,600 00 


10,000 00 

50,000 00 

4,000 00 


130 

103| 

117^ 


13,000 00 

51,812 50 

4,700 00 


$519,695 96 




$702,340 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, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $12,370.20 ; collaterals, $506.49 ; stocks 

and bonds, $25,240 ; all other, $558.57, . 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
Transfers, 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $1,053.25 ; other taxes and fees, $10,990.31 
General expenses, 



Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $83,708.79; mortgages, $243,385, . 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents 1 balances, 

Perpetual reinsurance deposits, .... 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $2,952.45; stocks and bonds, $5,420.39; collateral 
loans $705.55, 



$326,950 60 
18,019 37 

38,675 26 

4,630 35 

10,993 00 

408 00 

$399,676 58 
997,950 41 

$1,397,626 99 



$172,110 89 

8,799 10 

20,000 00 

93,069 60 

15,756 04 

3,500 00 

3,183 51 

12,043 56 

20,213 97 

$348,676 67 

$1,048,950 32 



$327,093 79 

65,000 00 

578,667 24 

36,639 84 

38,111 68 

3,437 77 

$1,048,950 32 



9,078 39 



264 



THE MECHANICS' INSURANCE CO. 



Rents due on company's property, .... 
Market value of stocks and bonds over book value, . 

Gross assets, 

Assets not admitted. 

Book value of real estate over market value, . 
Reinsurance due from unauthorized companies, 

Total unadmitted assets, 



$140 00 
40,052 76 

fl,098,221 47 



$5,308 79 
1,252 35 



6,561 14 



Total admitted assets, $1,091,660 33 

Liabilities. 

Unpaid losses, including $2,665.25 resisted, $28,205.62; less rein- 
surance, $542.28, .... $27,66334 

Unearned premiums on outstanding risks, $261,845.81 ; plus same 

on disallowed reinsurance, $23,226.78, 285,072 59 

Reclaimable on perpetual fire policies, 294,021 69 



All liabilities, except capital and surplus, . 
Surplus to policy holders, ..... 

Paid-up capital 

Surplus over capital and general liabilities, 



$484,902 71 



,757 62 



250,000 00 
234,902 71 



Total liabilities, $1,091,660 33 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $44,353,375 00 
. 35,193,026 00 

.$79,546,401 00 
. 30,712,862 00 

.$48,833,539 00 
. 4,683,822 00 



Premiums. 

$500,248 17 
416,269 52 

$916,517 69 
364,551 85 

$551,965 84 
58,798 54 



.$44,149,717 00 $493,167 30 



Perpetual risks in force (not included above), . . $14,054,702 00 $324,594 21 

Miscellaneous. 

Premiums received from organization of company, . - . . . $5,262,489 00 

Losses paid from organization of company, ..... 2,914,815 00 

Fire losses incurred during the year, . ...... 162,873 00 

Cash dividends declared from organization of company, . . . 660,660 00 

Dividends declared during the year (8 per cent.), .... 20,00000 

Company's stock owned b}' directors, 48,525 00 



Schedule A. Securities held as Collateral. 



700 shares Philadelphia Rapid Transit Co., 

11 " Girard Trust Co., 
1,500 " Philadelphia Electric Co., 
100 " Lehigh Coal & Navigation Co., 
100 " Pennsylvania R.R., . 

76 «' Philadelphia National Bank, . 



Company's 
Market Value. 

$22,400 00 

8,415 00 

12.562 50 

11,600 00 

7,150 00 

24,358 00 J 



Loaned 
Thereon. 



$65,000 00 



$86,485 50 $65,000 00 



MECHANICS MUTUAL FIRE INSURANCE CO. 



265 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Fairmount Park & Haddington Passenger, 
500 " Philadelphia Traction Co., 
20 " Second & Third Sts. Passenger, 
30 " Thirteenth & Fifteenth Sts. Passenger, 
100 " Union Passenger, 
1,000 " Union Traction, . 

Government, County and Municipal Bonds. 
United States 4s, 1925, .... 
Alleghany County, Pennsylvania, 5s, 1923, 
Altoona, Pa., 4s, 1906, .... 
Clifton Heights, Pa., 5s, 1918, 
Philadelphia, Pa., 34s, 1918, . 
Philadelphia, Pa. s 3*s, 1931-32, . 
Philadelphia, Pa., 3|s, 1925, . 

Railroad Bonds. 
Alleghany Valley 7s, 1910, . 
Altoona & Logan Valley Electric 4|s, 1933, 
Camden & Suburban 5s, 1946, 
Chesapeake & Ohio'Car Trust 4s, 1906, . 
Consolidated Traction of New Jersey 5s, 1933, 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh Valley 44s, 1923, 
Lehigh Valley Coal Co. 5s, 1933, . 
Market Street Elevated 4s, 1955, . 
Northern Pacific Terminal 6s, 1933, 
North Pennsylvania 4s, 1936, 
Pennsylvania Co. 3|s, 1916, . 
Pennsylvania Steelltolling Stock 34s, 1910, 
Philadelphia & Erie 4s, 1920, . " . 

Philadelphia, Wilmington & Baltimore 4s, 1917, 
Pittsburgh, Cin., Chicago & St. Louis 4is, 1942, 
Schuykill River East Side 4s, 1925, 
Second Avenue, N. Y., 5s, 1948, . 
Second Avenue Traction, Pittsburgh, 5s, 1934, 
Suburban Rapid Transit, Pittsburgh, 6s, 1913, 
Terminal Association of St. Louis 5s, 1944, . 
Toledo Electric Street Passenger 5s, 1912, . 
Union Passenger 5s, 1911, .... 
Wabash & Pittsburgh Terminal 4s, 1954, 

Miscellaneous Bonds. 
Edison Electric Light 5s, 1946, . 
Phila. Co. 5s, 1949, 



Book Value. 

$12,025 01 

41,187 50 

3,982 50 

5,883 75 

18,337 50 

47,575 00 

6,181 25 
5,050 00 
5,000 00 
3,000 00 

21,063 00 
3,042 50 

10,147 00 



Kate. 

142 

201 

604 

612 

482 

123^ 

130 

117* 

100 " 

106 

lOli 

102* 

102* 



6,487 50 


110i 


9,750 00 


94 


16,014 58 


106 


19,726 00 


99 


8,435 00 


107 


.10,000 00 


99* 


9,825 00 


107" 


10,000 00 


Hit 


50.500 00 


99* 


10,825 00 


114" 


13,255 00 


109 


14,700 00 


97 


9,742 40 


96| 


28,000 00 


103* 


2,180 00 


101" 


11,025 00 


111 


30,900 00 


104f 


18,000 00 


112 


10,000 00 


113 


15,505 00 


106 


10,000 00 


122f 


10,000 00 


100* 


21,000 00 


105" 


9,275 00 


85| 



18,902 50 
22,144 25 

$578,667 24 



109? 
108 



Market Value. 

$14,200 00 

50,250 00 

6,040 00 

9,180 00 

24,100 00 

61,750 00 

6,500 00 
5,875 00 
5,000 00 
3,180 00 

20,300 00 
3,075 00 

10,212 50 

5,512 50 

9,400 00 
15,900 00 
19,800 00 
10,700 00 

9,950 00 
10,700 00 
11,162 50 
49,750 00 
11,400 00 
11,990 00 
14,550 00 

9,675 00 
28,980 00 

2,020 00 
11,100 00 
31,425 00 
16,800 00 
11,300 00 
14,840 00 
12,275 00 
10,050 00 
21,000 00 

8,562 50 

18,615 00 
21,600 00 

$618,720 00 



MECHANICS 1 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, $348,250 87 



Interest on stocks and bonds, $15,042.50; all other, $2,053.11, 

Total income, 

Ledger assets, Dec. 31, 1904, 

Total, 



17,695 61 

. $365,946 48 
320,551 17 



,497 65 



266 



MECHANICS MUTUAL FIRE INSURANCE CO. 



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

Rents, 

Taxes and fees, 

Reduction in book value of stocks and bonds, . 

Inspections, 

Interest, ........ 

1905 premiums paid in 1904, .... 

Incidental expenses, 



Total disbursements, . 
Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), 

Cash in banks, 

Premiums in course of collection, .... 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 

On bonds, $1,475 ; other assets, $2,849.55, 

Market value of stocks and bonds over book value, . 



Gross assets, 



Assets not admitted. 



Dividends not declared or guaranteed, 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 

All liabilities, except surplus, 
Surplus, 



$12,269 40 

280,987 24 

6,595 58 

599 50 

6,295 13 

7,500 00 

5,373 15 

255 56 

50 00 

1,336 79 

$321,262 35 

$365,235 30 



$328,199 61 

29,827 48 

7,208 21 

$365,235 30 



4,324 55 
95,847 89 

$465,407 74 



2,067 85 
$463,339 89 



$3,737 88 

171,428 02 

5,755 12 

$180,921 02 
282,418 87 



Total liabilities, $463,339 89 



Risks and Premiums. 



Amount. 

. $37,986,607 00 
. 45,637,425 00 

. ' . $83,624,032 00 
. 40,901,362 00 

. $42,722,670 00 

Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 90 per cent. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 



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

$306,764 16 $1,533,820 80 
365,425 87 1,827,129 35 



$672,190 03 $3,360,950 15 
329,333 99 1,646,669 95 



$342,856 04 $1,714,280 20 



$15,257 00 



mechanics' and traders' INSURANCE CO. 



267 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Atchison, Topeka & Santa Fe, preferred, 

110 " Chicago, Burlington & Quincy, . 

100 " Cleve., Cin., Chic. & St. Louis, preferred, 

150 " Great Northern, preferred, . 

30 " Great Northern, 1st instalment paid, 

100 " Manhattan 

100 " Minneapolis, St. Paul & St. Ste. Marie, pref 

100 " New York, Lackawanna & Western, 

200 " Northern Pacific, .... 

4 " Northern Securities Co., 

800 " Pennsylvania, .... 

100 " Rome, Watertown & Ogdenshurg, 

300 " Union Pacific, preferred, 

Bank Stocks. 
83 shares National Bank of Com., Providence, R. I., 

Miscellaneous Stocks. 
200 shares American Tel. & Tel. Co., . 
85 " Providence Gas Co., .... 

Bonds. 

United States 4s, 1925, 

Rhode Island 3£s, 1934, 

American Tel. & Tel. Co. 4s, 1929, 



Book Value. 

$20,625 00 

13,362 50 

10,162 50 

19,421 13 

750 00 
13,387 50 
16,012 50 
12,200 00 
16,034 15 

302 76 
40,000 00 
10,312 50 
26,089 07 



28,225 00 
8,875 00 

15,000 00 
50,000 00 
24,125 00 

$328,199 61 



Rate. 
105 
200 
118i 
274 " 
320 
162£ 
172 
136 
203 
275 
143g 
134 
991 



3,315 00 120 



138 
206 

130 
103| 
94* 



Market Value. 

$21,000 00 

22,000 00 

11,850 00 

41,100 00 

2,400 00 

16,225 00 

17,200 00 

13,600 00 

40,600 00 

1,100 00 

57,450 00 

13,400 00 

29,850 00 

4,980 00 

27,600 00 
8,755 00 

19,500 00 
51,812 50 
23,625 00 

$424,047 50 



MECHANICS' AND TRADERS' 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, $338,258 . 62 ; marine, $ 4,723 . 63, 

Interest on stocks and bonds, $ 19,828.05 ; all other, $508.35, 

Rents, including company's own occupancy, 

Profit on sale or maturity of ledger assets, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1904, 



$342,982 25 

20,336 40 

2,500 00 

14,631 50 

79 11 

$380,529 26 
611,986 67 



Total, 



2,515 93 



Disbursements. 

Net amount paid for fire losses, $166,054.57 ; marine, $948.24, 

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, $644.10 ; other taxes and fees, $13,482.72, 

Reduction in book value of real estate, 

Adjustment expenses, 

Underwriters' Association expenses, . 
Advertising and subscription, .... 
Blanks, books and stationery, .... 



$167,002 81 


69,826 


07 


19,773 


89 


300 


00 


208 


95 


14,126 


82 


400 


00 


2,235 


49 


2,726 


58 


622 


65 


1,419 


59 



268 



MECHANICS AND TRADERS INSURANCE CO. 



Exchanges, postage, telephone and expenses, . 
Litigation, ........ 

Office furniture and maps, 

Incidental expenses, 

Total disbursements, 

Balance, 



Real estate, .... 

Stocks and bonds (Schedule A), 

Cash in banks, . 

Agents 1 balances, 

Bills receivable, not matured, 

All other ledger assets, 



Ledger Assets. 



$1,230 98 

1,321 02 

403 78 

1,204 17 

$282,802 80 

$709,713 13 



$22,000 00 

629,544 55 

19,431 75 

34,508 59 

4,128 24 

100 00 



Total ledger assets, $709,713 13 



Assets not admitted. 
Book value of stocks and bonds over market value, .... 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $5,500 resisted, $37,009.09 ; less rein- 
surance, $23,320.45, 



1,881 65 



Unearned premiums on outstanding risks, $219,550 
on disallowed reinsurance, $4,074.59, 

All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 

Marine risks written during 1905, 
Risks expired and terminated, . 



34 ; plus same 



$470,517 91 



$40,468,985 00 
43,579,445 00 

$84,048,430 00 
39,439,305 00 

$44,609,125 00 
10,564,287 00 



$707,831 48 

$13,688 64 

223,624 93 

$237,313 57 

300,000 00 

170,517 91 

$707,831 48 



Premiums. 

$532,313 56 
568,344 44 

1,100,658 00 
523,333 18 

$577,324 82 
154,238 09 



$34,044,838 00 $423,086 73 



$2,052,549 00 
2,052,549 00 



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, 
Company's stock owned by directors, 



$9,456 56 
9,456 56 



^9,093,795 00 
4,978,883 00 

162,584 00 

2,466 00 

1,178,337 00 

120,800 00 



MEECANTILE MUTUAL FIRE INSURANCE CO. 



269 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. 
12 shares Canal-La., Bk. & Tr. Co., New Orleans, La., 
6 " Hibernia Bk. & Tr. Co., New Orleans, La 
50 " Metropolitan, New Orleans, La., . 

Miscellaneous Stocks. 
30 shares Nat'l Acid Co., New Orleans, La., 
50 " Stand. Cot'n Seed Oil Co., New Orleans, La. 
200 " Stand. Guano & Ch'l Co., New Orleans, La. 

State and Municipal Bonds. 
Louisiana 4s, 1914, 
New Orleans, La., 5s, 
New Orleans, La., 4s, 1942, . 
New Orleans, La., 4s, 1950, . 
Atchfalaya District Levee 5s, 1949, 
Fifth District Levee 5s, 1950-54, . 
Lafourche Basin Levee 5s, 1954, . 
Red R., Atchfal. & Bayou Bouef Dist. Levee 5s, 1953 

Railroad Bonds. 
New Orleans City & Lake R.R. gold 5s, 1943, 



Book Value. 

$1,430 00 

1,499 70 

10,803 75 

3,900 00 

3,750 00 

40,000 00 

150,903 75 

7,908 60 

55,411 25 

216,977 50 
38,725 00 
32,350 00 
26,875 00 
32,950 00 



Kate. 
276 
660 
248 

130 
100 
200 



239i 

107^ 

105 

107* 

106 " 

110 

106f 



6,060 00 107^ 



$629,544 55 



Market Value. 

$3,312 00 

3,960 00 

12,400 00 

3,900 00 

2,500 00 

40,000 00 

151,162 50 

9,388 40 

55,640 00 

210,000 00 
37,625 00 
31,800 00 
27,500 00 
32,025 00 

6,450 00 

$627,662 90 



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, 



Interest on collaterals, 

other, $324.82, . 
Rents, .... 



.42; stocks and bonds, f 8,098. 38 ; all 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, 

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

Rents, 

Taxes and fees, 

Interest on loan, 

Travel and inspection, ..... 
All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks, 



$217,166 23 

8,613 62 
900 00 

$226,679 85 
171,567 76 

$398,247 61 



$9,608 58 

170,234 79 

14,870 02 

2,100 00 

3,979 55 

98 78 

3,762 59 

2,669 89 

$207,324 20 

$190,923 41 



$4,300 00 

157,254 25 

20,967 68 



270 



MERCANTILE MUTUAL FIRE INSURANCE CO. 



Premiums in course of collection, 

Bills receivable, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On bonds, $125 ; collateral loans, $127.09 ; other assets, $1,700.60, 
Market value of stocks and bonds over book value, 



$7,401 48 
1,000 00 

$190,923 41 



Assets not admitted 



Gross assets, 

Bills receivable, 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes, 

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums 



1,952 69 
45,108 25 

. $237,984 35 

1,000 00 
. $236,984 35 

$1,679 22 

108,557 46 

4,342 29 

. $114,578 97 
122,405 38 

. $236,984 35 



Amount. 

. $21,475,768 00 
. 24,778,626 00 

. $46,254,394 00 
. 22,842,612 00 

.$23,411,782 00 

Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 85.5 per cent. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



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

$199,057 06 $995,285 30 
229,449 23 1,147,246 15 



$428,506 29 $2,142,531 45 
211,391 36 1,056,956 80 



$217,114 93 $1,085,574 65 
$10,815 00 



Schedule A. Securities held as Collateral. 



75 shares Producers' National Bank, 
30 " National Bank of Commerce, 
13 " American Screw Co., 
5 " American Tel. & Tel. Co., . 
Denver Tramway bonds, 



Company's 
Market Value. 

$2,250 00 ] 

1,860 00 | 

1,690 00 } 

675 00 I 

1,000 00 j 



Loaned 
Thereon. 



$4,300 00 



',475 00 



$4,300 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

100 shares Boston & Maine 

100 " Chicago & Eastern Illinois preferred, 
250 " Illinois Central, .... 
100 " Pennsylvania, .... 
100 " Union Pacific, preferred, 

Miscellaneous Stocks. 
100 shares American Express Co., 
100 " American Tel. & Tel. Co., . 
50 " Cumberland Tel. & Tel. Co., 
150 " Rhode Island Investment Co., 
100 " Wells, Fargo Co., .... 



Book Value. 

$19,525 00 

13,300 00- 

25,416 75 

11,975 00 

8,425 00 

11,075 00 
12,200 00 
6,000 00 
15,250 00 
13,025 00 



Bate. 
172 
130 
175i 
1431 



226 
138 
120 
120 
235 



Market Value. 

$17,200 00 

13,000 00 

43,812 50 

14,362 50 

9,950 00 

22,600 00 
13,800 00 
6,000 00 
18,000 00 
23,500 00 



MERCHANTS MUTUAL FIRE INSURANCE CO. 



271 



Bonds. 

Japanese 4-|s, 1925, 

United States reg. 3s, 1918 

N. Y. Gas, Electric Light, Heat & Power Co. 5s, 1948, 



Book Value. 

$4,575 00 

10,987 50 

5,500 00 

$157,254 25 



Eate. Market Value. 
91 $4,550 00 

10,175 00 
5,412 50 



108} 



$202,362 50 



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, $316,788 07 

Interest on stocks and bonds, $13,978.72 ; all other, $2,028.51, . 16,007 23 

Profit on sale or maturity of ledger assets, 2,825 00 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, 

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

Rents, 

Taxes, 

Inspections 

All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 
Stocks and bonds (Schedule A), 

Cash in banks, 

Premiums in course of collection, .... 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $4,413 ; other assets, $ 651. 48, . 
Market value of stocks and bonds over book value, . 

Gross assets, 

Assets not admitted. 

Premiums in course of collection over three months 

due, 

Dividends not declared or guaranteed, 

Total unadmitted assets, ..... 

Total admitted assets, 

Liabilities. 

Unpaid losses, . 

Unearned premiums on outstanding risks, . • . 



$2 50 
1,386 43 



$335,620 30 
337,527 54 

$673,147 84 



),454 19 
267,651 14 
5,874 32 
839 96 
5,806 51 
4,400 92 
1,817 50 

$296,844 54 

$376,303 30 



$305,817 29 

64,378 38 

6,107 63 

$376,303 30 



5,064 48 
67,775 15 

$449,142 93 



1,388 93 
$447,754 00 



$1,964 62 
155,735 86 



272 



MICHIGAN COMMERCIAL INSURANCE CO. 



Taxes, 



1,195 64 



All liabilities, except surplus, 
Surplus, 



$162,896 12 
284,857 88 



Total liabilities, $447,754 00 

Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $34,381,884 00 
. 41,153,734 00 

.|75,535,618 00 
. 36,998,351 00 



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

$280,124 00 $1,400,620 00 
331,378 21 1,656,891 05 



$611,502 21 $3,057,511 05 
300,030 48 1,500,152 40 



,537,267 00 $311,471 73 $1,557,358 65 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1905, 93.74 per cent. 



$11,618 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

50 shares Albany & Susquehanna, 

100 " Atlanta & Charlotte (Air Line) , 

135 " -Chicago & Northwestern, 

150 " Cleve., Cine., Chic. & St. Louis, preferred 

150 " Hereford, 

240 " Illinois Central, 

100 " Mahoning Coal, preferred, . 

200 " Manhattan Elevated 

200 " Morris & Essex, 

471 " Pennsylvania, . ... 

50 " Pittsburg, Bessemer & Lake Erie, preferred 

85 " Pittsburg, Fort Wayne & Chicago, 

50 " Rensselaer & Saratoga, 

100 " Rome, Watertown & Ogdensburg, 

50 " Upper Coos, 

Bank Stocks. 
100 shares Lime Rock National, Rockland, Me., . 
50 " Mechanics National, Providence, R. I., 
82 " Merchants National, Providence, R. I., 

Government and State Bonds. 

United States 4s, 1925, 

Rhode Island 3£s, 1924, 

Railroad Bonds. 
Chicago, Burlington & Quincy 3|s, 1949, 
Long Island guar. ref. 4s, 1949, .... 
Northern Pac. & Gt. North. (C. B. & Q. Col.) 4s, 1921, 
United Tract'n & Elec. Co., Providence, R. I., 5s, 1933, 



Book Value. 
$12,150 00 
16,662 50 
13,777 29 
17,750 00 
15,128 13 
24,078 75 

6,050 00 
28,037 50 
18,740 86 
29,896 95 

3,851 30 
15,302 50 

9,900 00 
10,000 00 

7,450 00 

500 00 

2,500 00 
4,100 00 

9,000 00 
30,000 00 

2,000 00 

4,950 00 

13,991 51 

10,000 00 

$305,817 29 



Kate. 
240 
170 
223 
118* 
99| 

175:|; 

105 

162^ 

188 

143| 

148 

182* 

208^ 

134 

150 



100 
170 

130 



100* 

99£ 

1101 



Market Value. 
$12,000 00 
17,000 00 
30,105 00 
17,775 00 
14,887 50 
42,060 00 

5,250 00 
32,450 CO 
18,800 00 
33,823 69 

3,700 00 
15,512 50 
10,400 00 
13,400 00 

7,500 00 



2,500 00 
6,970 00 

11,700 00 
30,825 00 

1,895 00 

5,025 00 

28,963 75 

11,050 00 

$373,592 44 



MICHIGAN COMMERCIAL INSURANCE COMPANY, LANSING, MICH. 

Incorporated Dec. 7, 1904. Commenced business Jan. 1, 1905. 
Paid-up Capital, $200,000. 



FRANK A. HOOKER, President. 



A. D. BAKER, Secretary. 



Home Office, 118 Ottawa Street. 

Income. 

Net fire premiums $309,672 89 

Interest on mortgage loans, $1,738.55; bonds, $4,857.24; all other, 

12,866.68, 9,462 47 



MICHIGAN COMMERCIAL INSURANCE CO. 



273 



Profit on sale or maturity of bonds, . 

Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, .... 

Commissions or brokerage, .... 

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

Premium on bonds purchased, .... 

Adjusting, agency and legal expenses, 
Advertising, stationery, signs and supplies, 
Postage, telephone, telegraph, express and freight, 

Traveling expenses, 

Printing and lithographing, .... 
Miscellaneous expenses, 

Total disbursements, 

Balance, 



Ledger Assets. 



1,962 00 



Mortgages, 

Bonds (Schedule A), 

Cash in banks and office, .... 
Agents' balances, 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $1,294.12 ; bonds, $3,230.79 ; other assets, $453.32, 
Market value of bonds over book value, 

Gross assets, 

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

Total admitted assets, 

Liabilities. 

Unpaid losses, 624,933.62 ; less reinsurance, $5,346.73, 
Unearned premiums on outstanding risks, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks written during 1905, . 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$248,625 70 



$43,924,407 00 
15,233,758 00 



$28,690,649 00 
2,624,815 00 



$328,097 36 
300,000 00 

$628,097 36 



$67,451 10 

67,566 02 

9,627 44 

3,654 37 

18,416 31 

1,626 59 

3,549 38 

2,772 74 

5,643 50 

6,226 82 

138 39 

$186,672 66 

$441,424 70 



$146,800 00 

175,200 00 

77,795 57 

41,629 13 

$441,424 70 



4,978 23 
7,525 00 

$453,927 93 



72 25 

$453,855 68 



$19,586 89 
185,643 09 

$205,229 98 

200,000 00 
48,625 70 

$453,855 68 



Premiums. 

$530,902 64 
175,998 97 

$354,903 67 
31,901 16 



. $26,065,834 00 $323,002 51 



274 



MIDDLESEX MUTUAL ASSURANCE CO. 



Miscellaneous. 

Premiums received from organization of cornjDany, . 

Losses paid from organization of company, .... 

Fire losses incurred during the year, 

Company's stock owned by directors, 

Schedule A. Bonds owned by the Company. 



County and Municipal Bonds. 
Antrim County, Michigan, 5s, 1907, 
Oakland County, Michigan, 4s, 1912, 
Shiawassee County, Michigan, 4s, 1915, 
Blissfield, Mich., 4s, 1918, . 
Croswell, Mich., 4is, 1914, . 
Delray, Mich., 5s, 1933, . 
Dowagiac, Mich., 4s, 1912, 
Fairview, Mich., 4|s, 1935, . 
Houghton, Mich., 5s, 1935, . 
Houghton, Mich., 5s, 1935, . 
Kalamazoo, Mich., 4is, 1913, 
Portland, Mich., 4s, 1920, 
Saugatuck, Mich., 5s, 1922, . 
Springwells, Mich., 4s, 1933, . 



Book Value. 
$7,200 00 
10,000 00 
14,000 00 
10,000 00 

9,000 00 
21,000 00 
21,000 00 
15,000 00 

8,000 00 
10,000 00 
28,000 00 
10,000 00 

3,000 00 

9,000 00 



Kate. 

100 

100 

101 

100 

103 

113* 

101 " 

108 

110 

110 

102f 

100 

110 

100 



$309,673 00 

67,451 00 

87,038 00 

146,750 00 



Market Value. 
$7,200 00 
10,000 00 
14,140 00 
10,000 00 

9,270 00 
23.835 00 
21,210 00 
16,200 00 

8,800 00 
11,000 00 
28,770 00 
10,000 00 

3,300 00 

9,000 00 



$175,200 00 



$182,725 00 



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, $118,753 34 

Interest on stocks and bonds, 30,401 22 

Rents, 9,868 94 

Total income $159,023 50 

Ledger assets, Dec. 31, 1904, 756,560 38 

Total, $915,583 88 

Disbursements. 

Net amount paid for fire losses, f 84,723 89 

Commissions or brokerage, 18,620 95 

Salaries, fees, etc., of officers and employees, 21,869 18 

Repairs and expenses on real estate, 1,563 77 

Real estate taxes, $2,987.88 ; other taxes and fees, $1,754.70, . . 4,742 58 

Postage, stationery and advertising, 2,067 25 

Insurance on real estate and surety bonds, 1,835 03 

Premiums and accrued interest on securities purchased, . . . 2,948 03 

Miscellaneous, 3,727 44 



Total disbursements, 
Balance, 



Real estate, .... 
Stocks and bonds (Schedule A), 



Ledger Assets. 



§142,098 12 
$773,485 76 



$194,000 00 
539,825 00 



* A mutual company. 



MIDDLESEX MUTUAL ASSURANCE CO. 



275 



Cash in banks, 

Agents 1 balances, 

Total ledger assets, 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, 



Gross assets, 

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

Total admitted assets, 

Liabilities. 
Unpaid losses, including $1,050 resisted, . 
Unearned premiums on outstanding risks, 

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, 

Miscellaneous. 

Losses paid from organization of company, 
Fire losses incurred during the year, . 



$50,002,137 00 
15,617,940 00 

$65,620,077 00 
17,336,972 00 

$48,283,105 00 
35,225 00 



$21,189 50 
18,471 26 

$773,485 76 

176,458 75 
$949,944 51 

4,853 06 
$945,091 45 



$8,015 44 

197,430 13 

$205,445 57 

739,645 88 

$945,091 45 



Premiums. 

$425,733 41 
126,114 79 

$551,848 20 
151,097 46 

$400,750 74 
229 47 



$48,247,880 00 $400,521 27 



.,628,487 00 
84,390 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
300 shares Chicago & Northwestern, common, 
100 " Chicago & Northwestern, preferred, 
200 " Illinois Central, . . ' . 
100 " Louisville & Nashville, 
605 »' New York, New Haven & Hartford, 
800 " Pennsylvania, .... 

Bank Stocks. 
30 shares Central National, Middletown, Conn., 
40 " First National, Middletown, Conn., 
42 " Middlesex Co. National, Middletown, Conn 
150 " Middletown National, Conn., 

Miscellaneous Stocks. 
34 shares Omaha Water Co., first preferred, 
56 " Omaha "Water Co., second preferred, . 

Municipal Bonds. 
Middletown, Conn., 4s, 1908, .... 

Portland, Conn., 3$s, 1909, 

East Orange, N. J., 4s, 1933, 

Railroad Bonds. 
Baltimore & Ohio (Southwestern Div.) 3is, 1925, 
Buffalo & Susquehanna 4s, 1951, . . . 



Book Value. 

$30,000 00 
10,000 00 
20,000 00 
10,000 00 
60,500 00 
40,000 00 

2,250 00 

4,000 00 

4,200 00 

11,250 00 

1,200 00 
800 00 

6,000 00 
26,000 00 
15,000 00 

40,000 00 
10,000 00 



Rate. 
223 
245 
175i 
152 
1964 
143| 

75 

98 

75 

104 



100 
98 
104^ 

91* 

97* 



Market Value. 
$66,900 00 
24,500 00 
35,050 00 
15,200 00 
118,731 25 
57,450 00 

1,687 50 

3,800 00 

3,150 00 

11,700 00 



6,000 00 
25,480 00 
15,675 00 

36,500 00 
9,750 00 



276 



MILWAUKEE FIRE INSURANCE CO. 



Burlington, Cedar Rapids & Northern 5s, 1934, 

Chicago & Eastern Illinois 5s, 1937, 

Cincinnati, Ind. & Western 4s, 1953, 

Cleve., Cin., Chic. & St. Louis (Cairo Div.) 4s, 1939, 

Iowa Falls & Sioux City 7s, 1917, . 

Kansas City, Ft. Scott & Memphis 4s, 1936, 

Louisville & Nashville 4s, 1940, . 

Missouri Pacific (Central Branch) 4s, 1919, 

New York, New Haven & Hartford 3^s, 1956, 

Pennsylvania convertible 3^s, 1912, 

St. Paul, Minn. & Manitoba 6s, 1933, . 

Union Pacific 4s, 1911, .... 

Miscellaneous Bonds. 
Continental Coal Co. 5s, 1952, 
Nebraska Loan & Trust Co. 6s, 1905, 
Nebraska Loan & Trust Co. 6s, 1901, 
Omaha Water Co. 5s, 1946, . 
W. & B. Douglas 6s, 1917, . 



Book Value. 


Rate. 


Market Value. 


$10,000 00 


117^ 


$11,775 00 


10,000 00 


117 


11,700 00 


10,000 00 


94 


9,400 00 


40,000 00 


99f 


39,900 00 


9,500 00 


125 


11,875 00 


12,000 00 


m 


10,260 00 


40,000 00 


103i 


41,400 00 


10,000 00 


95f 


9,562 50 


5,625 00 


117* 


26,437 50 


20,000 00 


102f 
136* 


20,575 00 


25,000 00 


34,125 00 


20,000 00 


149| 


29,900 00 


10,000 00 


1031 


10,350 00 


10,000 00 


25 


3,750 00 


1,500 00 


25 


1,000 00 


10,000 00 


82 


8,200 00 


5,000 00 


90 


4,500 00 


$539,825 00 




$716,283 75 



MILWAUKEE FIRE INSURANCE COMPANY, MILWAUKEE, WIS. 

Incorporated March 22, 1S98. 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, $337,880 06 

Interest on mortgage loans, $12,692.47; stocks and bonds, $11,- 

422.08; all other, $564.22, 24,678 77 

From all other sources, 5,222 66 



Total income, 

Ledger assets, Dec. 31, 1904, . . . 

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, 

Depreciation in book value of securities, . 

Traveling and adjusting, 

Advertising, printing and stationery, 

All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, 

Stocks and bonds (Schedule A), . . . • 
Cash in banks and office, ..... 
Agents 1 balances, ... . 

Deposited with Milwaukee Board of Underwriters, 



$367,781 49 
604,225 37 

$972,006 86 



$136,141 71 

10,000 00 

92,368 22 

17,772 00 

700 00 

11,608 82 

1,527 50 

7,537 73 

3,113 42 

8,524 14 

$289,293 54 

$682,713 32 



$263,438 77 

348,172 50 

35,433 90 

35,568 15 

100 00 



Total ledger assets, $682,713 32 



MILWAUKEE FIRE INSURANCE CO. 



277 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,323.61 ; stocks and bonds, $500, . 



1,823 61 



Gross assets, 



$685,536 93 



Assets not admitted. 

Agents 1 balances over three months due, . . . f 500 84 

Deposited with Milwaukee Board of Underwriters, . 100 00 

Book value of stocks and bonds over market value, . 1,475 00 

Total unadmitted assets, 



2,075 84 



Total admitted assets, $683,461 09 



Liabilities. 

Unpaid losses, including $3,603.24 resisted, f 31,330. 92; less re 
insurance, $2,085.90, 



Unearned premiums on outstanding risks, $292,486 

on disallowed reinsurance, $533.88, 
Reserve retained for reinsurance company, 

All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



03 ; plus same 



$342,597 62 



$29,245 02 

293,019 91 
18,598 54 

$340,863 47 

200,000 00 
142,597 62 

$683,461 09 



$44,721,146 00 
36,637,549 00 



Premiums. 

$523,457 10 
441,616 22 

$965,073 32 
354,206 63 

$52,653,589 00 $610,866 69 
5,533,082 00 65,461 37 

. $47,120,507 00 $545,405 32 



181,358,695 00 
28,705,106 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 (5 per cent), . 
Company's stock owned by directors, 



,917,564 00 

945,154 00 

138,309 00 

10,000 00 

10,000 00 

53,240 00 



Schedule A. Stocks and Bonds owned by the Company. 

Barik Stocks. Book Value. Rate. Market Value. 

50 shares Wisconsin National, Milwaukee, Wis., . $11,250 00 235 $11,750 00 

Municipal Bonds. 

New York, N. Y., 3.\s, 1953, 9,900 00 98| 9,875 00 

Railroad Bonds. 

Atlantic Coast Line 4s, 1952, 35,350 00 100 35,000 00 

Central Pacific 1st. ref. 4s, 1949 25,250 00 99.', 24,875 00 

Chicago, Rock Island & Pacific 4s, 1934, . . . 23,625 00 94| 23,625 00 

Flint & Pere Marquette (Pt. Huron, Wis.) 5s, 1939, . 11,300 00 110" 11,000 00 

Grand Rapids & Indiana 4?,s, 1941, .... 18,36000 108 18,36000 



278 



MILWAUKEE MECHANICS' INSURANCE CO. 



Louisville & Nashville 6s, 1930, . 

Milwaukee Light, Heat & Traction 5s } 1929, 

New York Central & Hudson River 3As, 1998, 

Norfolk & Western (Pocahontas) 4s, 1941, 

Southern (Atlantic & Danville) 4s, 1948, 

Wabash (Omaha Div.) 3^s, 1941, . 

Western Maryland 4s, 1952, . 

Wisconsin Central 4s, 1949, . 

Wisconsin Traction Light, Heat & Power 5s, 1931, 

Miscellaneous Bonds. 
Niagara Falls Hydraulic Power & Mfg. Co. 4s, 1920, 
Union Electric Light & Power Co. 5s, 1932, . 



Book Value. 


Rate. 


Market Value. 


$19,125 00 


118| 


$17,812 50 


25,875 00 


104i 


26,125 00 


44,750 00 


88! 


44,250 00 


23,437 50 


93* 


23,375 00 


9,500 00 


95* 


9,550 00 


30,275 00 


86^ 


30,100 00 


8,600 00 


85 


8,500 00 


22,875 00 


93 


23,250 00 


9,700 00 


100 


10,000 00 


9,000 00 


90 


9,000 00 


10,000 00 


102* 


10,250 00 


$348,172 50 


$346,697 50 



MILWAUKEE MECHANICS 1 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, $1,519,210 31 

Interest on mortgage loans, $60,696.31; stocks and bonds, $57,- 

768.29; all other, $1,594.61, 120,059 21 

Rents, including company's own occupancy, 4,407 00 

Reserve retained for reinsurance company, 14,640 82 

Total income, 11,658,317 34 

Ledger assets, Dec. 31, 1904, 2,892,323 60 

Total, $4,550,640 94 

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, $1,587.37 ; other taxes and fees, $57,236.33, 

Depreciation in value of securities, .... 

Travel and adjusting expenses, 

Advertising, printing and stationery, .... 

Legal expenses, 

Furniture and fixtures, 

Loss on agents' balances, 

Miscellaneous expenses, 

Total disbursements, 

Balance, 

Ledger Assets. 
Real estate, $114,000; mortgages, $1,232,717.87, . . . .$1,346,717 87 

Loans secured bv collateral (Schedule A), 35,000 00 

Stocks and bonds (Schedule B), 1,493,610 83 

Cash in banks and office, 131,711 85 



. $592,775 


83 


80,000 00 


372,578 


58 


99,447 


93 


7,039 


00 


2,132 


55 


58,823 


70 


21,108 


75 


24,751 


24 


11,169 


62 


2,612 


46 


665 


16 


3,578 


46 


48,303 


06 


. $1,324,986 34 


. $3,225,654 60 



MILWAUKEE MECHANICS INSURANCE CO. 



279 



Agents 1 balances, 

Deposit with Milwaukee Board of Underwriters, .... 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $20,401.94; stocks and bonds, $ 5,485. 81, . 
Market value of stocks and bonds over book value, .... 

Gross assets,* 

Assets not admitted. 

Agents 1 balances over three months due, . . . $999 81 

Special deposits less $35,536. 56 liability thereon, . 44,608 44 

Deposit with Milwaukee Board of Underwriters, . 100 00 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $12,062.24 resisted, $127,635.96 ; less rein- 
surance, $30,974.93, . 

Unearned premiums on outstanding risks, $1,447,972.48; plus 
same on disallowed reinsurance, $3,863.84, . 

Reserve retained for reinsurance company, . . . . 



$218,514 05 
100 00 

3,225,654 60 



25,887 75 
1,368 77 

$3,252,911 12 



45,708 25 
5,207,202 87 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 

Total liabilities, 



,562,163 73 



$96,661 03 

1,451,836 32 

96,541 79 

$1,645,039 14 

200,000 00 

1,362,163 73 

(3,207,202 87 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . $232,004,585 00 $2,829,902 56 

Fire risks written during 1905, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. 164,146,508 00 2,072,403 85 



$396,151,093 00 $4,902,306 41 
. 138,128,258 00 1,780,201 61 



$258,022,835 00 $3,122,104 80 
. 30,331,939 00 406,363 41 



$227,690,896 00 $2,715,741 39 



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, 

Schedule A. Securities held as Collateral 



$22,700,823 00 

10,934,909 00 

595,419 00 

1,310,000 00 

80,000 00 

47,570 00 



263 shares First National Bank of Milwaukee, 
262 " First National Bank of Milwaukee, 



Company's 
Market Value. 

$43,833 33 
43,666 67 

$87,500 00 



Loaned . 
Thereon. 

$17,500 00 
17,500 00 

$35,000 00 



* Including $200,000 special reserve held by treasurer of State of Wisconsin. 



280 



MILWAUKEE MECHANICS' INSURANCE CO. 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
220 shares Mil. Elec. Ry. & Light Co., preferred, 

Bank Stocks. 
50 shares First National, Milwaukee, Wis., 
50 " Milwaukee Trust Co., Wis., 
36 " National Exchange, Milwaukee, Wis., 
Miscellaneous Stocks. 
1,776 shares Milwaukee Underwriters' Bldg. Asso., 
170 " Mil. Underwriters' Bldg. Asso. No. 2, 
100 " Mil. Underwriters' Bldg. Asso. No. 3, 

State, County and Municipal Bonds. 

Georgia 3*s, 1920, 

Virginia 3s, 1991, 

Ramsey County, Minnesota, 4|s, 1917, . 
Ramsey County, Minnesota, 4^s, 1907, . 
Brown County, Wisconsin, 5s, 1906-10, 
Milwaukee County, Wisconsin, 5s, 1907, 
Washington County, Wisconsin, 5s, 1906-09, 
Chicago, 111., Sanitary District, 4is, 1911, 
St. Paul, Minn., 4is, 1917, . 
Portland, Ore., 5s, 1923, 
Milwaukee, Wis., 4s, 1906, . 
Milwaukee, Wis., 4s, 1906-10, 
Milwaukee, Wis., 4s, 1906-08, 
Milwaukee, Wis., 5s, 1906-08, 
Milwaukee, Wis., 5s, 1906-07, 
Milwaukee, Wis., 5s, 1906-08, 
Racine, Wis., 5s, 1906-17, 

Railroad Bonds. 
Central Pacific 1st ref . 4s, 1949, 
Chicago & Alton 3is, 1950, . 

Chic, Burl. & Quin. (Hannibal & St. Jos.) 6s, 1911, 
Chicago, Rock Island & Pacific 4s, 1934, 
Elgin, Joliet & Eastern 5s, 1941, . 
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939, 
Kansas City Southern 3s, 1950, 
Louisville & Nashville 6s, 1930, 
Marquette, Houghton & Ontonagon 6s, 1925, 

Milwaukee City 5s, 1908 

Milwaukee, Light, Heat & Traction 5s, 1929, 
Minneapolis, Sault Ste Marie & Atlantic 4s, 1926, 
Minneapolis, St. Paul & Sault Ste Marie 4s, 1938, 
New York Central & Hudson River 3is, 1998, 
Norfolk & Western (Pocahontas) 4s, 1941, . 
St. Louis, Iron, Mt. & So. (R. & G. Div.) 4s, 1933, 
Southern (Knoxville & Ohio) 6s, 1925, 
Southern (Atlantic & Danville) 4s, 1948, 
Southern 5s, 1994, . .... 

Toledo, Walhonding Valley & Ohio 4s, 1942, 
Wabash (Toledo & Chicago Div.) 4s, 1941, 
Wabash (Chicago & Detroit Extension) 5s, 1941, 
Wabash (Pittsburg Terminal) 4s, 1954, 

Western Maryland 4s, 1952, 

Wisconsin Central 4s, 1949, 

Wisconsin Trac, Light, Heat & Power Co. 5s, 1931, 

Miscellaneous Bonds. 
Niagara Falls Hyd. Power & Mfg. Co. 4s, 1920, . 
Niagara Falls Hyd. Power & Mfg. Co. 5s, 1917, . 
Union Electric Light and Power Co. 5s, 1932, 



Book Value. 


Rate. 


Market Value. 


. $25,960 00 


121 


$26,620 00 


8,333 33 


165 


8,250 00 


6,250 00 


125 


6,250 00 


7,020 00 


198 


7,128 00 


2,220 00 


160 


2,841 60 


2,040 00 


120 


2,040 00 


1,000 00 


110 


1,100 00 


10,400 00 


105 


10,500 00 


11,340 00 


96 


11,520 00 


79,687 50 


109 


81,750 00 


25,125 00 


101 


25,250 00 


10,175 00 


100 


10,000 00 


23,230 00 


102 


23,460 00 


20,200 00 


100 


20,000 00 


50,750 00 


102£ 


51,437 50 


132,500 00 


108 


135,000 00 


56,750 00 


116i 


58,125 00 


3,000 00 


100 


3,000 00 


25,000 00 


101± 


25,312 50 


4,000 00 


lOOf 


4,030 00 


7,500 00 


102 


7,650 00 


4,000 00 


102 


4,080 00 


6,000 00 


102 


6,120 00 


17,977 50 


100 


17,000 00 


101,000 00 


991 


99,500 00 


23,400 00 


78j 


23,475 00 


5,550 00 


1091 


5,475 00 


47,250 00 


94| 


47,250 00 


29,500 00 


117i 


29,375 00 


22,600 00 


110 


22,000 00 


36,250 00 


72| 


36,187 50 


38,250 00 


118| 


35,625 00 


30,437 50 


116 


29,000 00 


20,300 00 


100 


20,000 00 


51,750 00 


104i 


52,250 00 


59,377 50 


100! 


58,290 00 


24,875 00 


100 J 


25,000 00 


44,750 00 


88* 


44,250 00 


46,875 00 


931 


46,750 00 


23,562 50 


94" 


23,500 00 


20,825 00 


1221 


20,825 00 


23,750 00 


95i 


23,875 00 


29,500 00 


118^ 


29,500 00 


55,550 00 


99i 


54,725 00 


9,600 00 


96i 


9,650 00 


21,600 00 


lKf 


22,000 00 


43,000 00 


85| 


42,812 50 


34,400 00 


85 


34,000 00 


45,750 00 


93 


46,500 00 


24,250 00 


100 


25,000 00 


7,200 00 


90 


7,200 00 


12,000 00 


100 


12,000 00 


20,000 00 


1021 


20,500 00 


$1,493,610 83 




$1,494,979 60 



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. 
\VM. HARKNESS, President. THOS. M. HARRIS, Secretary. • 

Home Office, 30 Court Street, Brooklyn. 

Income, 

Net fire premiums, . $ 561, 878 72 

Interest on stocks and bonds, 23,456 51 

From all other sources, ". . . . 1,699 92 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

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, 

Premiums on stocks purchased, .... 
All other disbursements, 



Total disbursements, 
Balance, 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 



Ledger Assets. 



Total ledger assets, 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 



Gross assets, 

Assets not admitted 
Dividends not declared or guaranteed, 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $346,238 

on disallowed reinsurance, $11,894.54, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $11,260.50 ; reinsurance, $8,206.52, 



20; 



plus 



same 



$587,035 15 
486,551 61 

fl,073,586 76 



$229,384 49 

20,000 00 

166,672 27 

14,391 80 

4,000 00 

8,926 33 

34,826 50 

3,274 83 

$481,476 22 

$592,110 54 



$450,900 00 

35,770 40 

105,440 14 

$592,110 54 



6,160 34 
237,641 25 

$835,912 13 
504 50 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 



$419,977 37 



$835,407 63 

$32,598 19 

358,132 74 

5,232 31 

19,467 02 

$415,430 26 



282 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$200,000 00 
219,977 37 

1835,407 63 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904,'. . . . $47,368,723 00 $539,684 34 



Fire risks written during 1905, . 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



. 66,196,307 00 810,053 06 



$113,565,030 00 $1,349,737 40 
. 47,917,025 00 551,269 55 



. $65,648,005 00 $798,467 85 
. 9,239,481 00 134,143 39 



. $56,408,524 00 $664,324 46 



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, 



$5,132,237 00 

2,076,267 00 

261,983 00 

1,402,500 00 

50,000 00 

20,000 00 

53,600 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
8,000 shares Brooklyn City, .... 
600 " Manhattan Elevated, . 

Bank Stocks. 
144 shares Mechanics', Brooklyn, N. Y., 
100 " Nassau National, Brooklyn, N. Y., 
50 " National, Brooklyn, N. Y., 

Miscellaneous Stocks. 
100 shares American Express Co., 
209 " Consolidated Gas Co., N. Y., . 
100 " Mortgage Bond Co.. N. Y., 
138 " N. Y. & N. J. Tel.,' . 

Municipal Bonds. 
Brooklyn, N. Y., 3is, 1916, 
Brooklyn, N. Y., 5s, 1920, 
New York, N. Y., 3is, 1952, 
New York, N. Y., 3*8, 1952, 
New York, N. Y., 3js, 1952, 
Consolidated Gas Co., N. Y., 6s, 1909, 



Book Value. 

$80,000 00 

60,000 00 

7,200 00 

10,000 00 

2,500 00 

10,000 00 
20,900 00 
10,000 00 
13,800 00 

16,000 00 

10,000 00 

100,000 00 

75,000 00 

30,000 00 

5,500 00 

$450,900 00 



Bate. 
237 

162! 

280 
425 
310 

226 
186| 
100 
156 

100 
104 
98f 
98| 
98| 
167 



Market Value. 

$189,600 00 

97,350 00 

20,160 00 

42,500 00 

7,750 00 

22,600 00 
39,030 75 
10,000 00 
21,528 00 

16,000 00 
10,400 00 
98,750 00 
74,062 50 
29,625 00 
9,185 00 



,541 25 



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. E. STILLMAN, Secretary. 

Home Office, 95 Pearl Street. 

Income. 

Net fire premiums, $4,396,219 97 

Interest on mortgage loans, $31,441.05; stocks and bonds, $ 209,- 

182.63; all other, $3,863.90 244,487 58 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 283 

Rents $16,605 41 

Profit on sale or maturity of ledger assets, 37,806 53 



Total income $4,695,119 49 

Ledger assets, Dec. 31, 1904, 6,246,025 33 



Total $10,941,144 82 

Disbursements. 

Net amount paid for fire losses, $2,040,620 94 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 830,217 21 

Salaries, fees, etc., of officers and employees, 327,321 53 

Repairs and expenses on real estate, 7,664 58 

Real estate taxes, $6,399.66 ; other taxes and fees, $154,272.54, . 160,672 20 

Loss on sale or maturity of ledger assets, ...... 106,734 65 

Advertising, field work and incidental expenses, .... 144,120 67 

Office furniture, books and stationery, 36,346 18 

Travelling, adjustment and miscellaneous, 128,484 20 



Total disbursements, $3,902,182 16 



Balance, $7,038,962 66 

Ledger Assets. 

Real estate, $370,776.16; mortgages, $655,350 $1,026,126 16 

Stocks and bonds (Schedule A), 5,125,573 38 

Cash in banks and office, 351,393 96 

Agents' balances, 535,869 16 



Total ledger assets $7,038,962 Q6 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, .... 387,336 56 



Gross assets, $7,426,299 22 

Assets not admitted. 

Special deposits less $86,158.98 liab. thereon, . . $44,503 52 
Book value of real estate over market value, . . 37,204 32 

Total unadmitted assets, 81,707 84 



Total admitted assets, $7,344,591 38 

Liabilities. 

Unpaid losses, including $21,822.87 resisted, $357,618 70 

Unearned premiums on outstanding risks, $3,483,034.78 ; plus same 

on disallowed reinsurance, $73,850.81, 3,556,885 59 

Reserve for contingencies, . 150,000 00 



All liabilities, except capital and surplus, $4,064,504 29 

Surplus to policy holders, $3,280,087 09 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, 2,280,087 09 



Total liabilities, $7,344,591 38 



284 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904:, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



$710,964,804 CO 
.578,007,091 00 



Premiums. 

58,110,573 70 
6,526,518 36 



fl,288,971,895 00 $14,637,092 06 
. 540,666,708 00 6,255,820 72 



$748,305,187 00 $8,381,271 34 
.139,105,116 00 1,584,389 61 



Net amount in force, 



$609,200,071 00 $6,796,881 73 



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, . 



$51,705,753 00 

27,192,879 00 

2,017,145 00 

3,257,000 00 

100,000 00 

120,000 00 

92,800 00 



Schedule A. Stocks and Bonds owned by the Company. 



45 
200 
100 
500 
257 
200 
200 
238 
17 
500 
200 
125 

1,135 
200 
661 
151 
150 

1,753 
100 
200 
27 
100 
80 
150 

250 
591 

25 

46 
100 
509 

75 
360 
450 
100 

25 

1,995 
809 
116 
210 



Railroad Stocks. 
shares Atchison, Topeka & Santa Fe, preferred 

" Belt R.R. & Stock Yd. Co., Ind., common 

" Belt R.R. & Stock Yd. Co., Ind., preferred 

" Chicago Great Western, 

" Chicago, Rock Island & Pacific, 

" Fort Wayne & Jackson, preferred, 

" Georgia R.R. & Banking Co., . 

" Illinois Central, .... 

" Illinois Central, leased lines, 

" Milwaukee Elec. Ry. & Light Co., pref'd 

" Mobile & Ohio (Southern) , 

" New Hampshire Electric, preferred, 

" New York, New Haven & Hartford, 

" New York & Harlem, 

" N. Y. Central & Hudson River, 

" Norfolk & Western, preferred, 

" Oswego & Syracuse, . 

" Pennsylvania, 

" Peoria & Bureau Valley, . 

" Pittsburg, Fort Wayne & Chicago, 

•' St. Joseph, So. Bend & South'n, preferred 

" St. Joseph, So. Bend & Southern, common 

" Southern, preferred, .... 

" Union Pacific, preferred, . 

Bank Stocks. 
shares iEtna National, Hartford, Conn., 

" Charter Oak National, Hartford, Conn., 

11 Citizens' Central Nat., New York, N. Y., 

" City, Hartford, Conn., 

" Farmers' & Mech. Nat., Hartford, Conn. 

" Hartford National, Hartford, Conn., 

" Nat. Bk- of the Republic, Boston, Mass., 

" National Exchange, Hartford, Conn., 

" Phoenix National, Hartford, Conn., . 

" St. Paul National, Minn., . 

" Second National, New Haven, Conn., 

Miscellaneous Stocks. 
shares Colonial Securities Co., 

" Commercial Union Tel. Co., 

" Gold and Stock Tel. Co., . 

" Hartford Gas Securities Co., pref'd, Hart 



Book Value. 
$900 00 

6,000 00 

4,500 00 
46,375 00 
18,363 84 
23,600 00 
41,800 00 
22,318 45 

1,496 00 
60,000 00 
18,000 00 

4,375 00 

186,115 00 

28,000 00 

63,250 00 

4,208 70 

14,825 00 

100,350 46 

16,500 00 

32,000 00 

1,500 00 

1,613 00 
7,200 00 

35,000 00 

57,488 00 

3,125 00 

4,690 00 

11,000 00 

70,212 00 

10,125 00 

21,900 00 

54,060 00 

7,200 00 

4,250 00 

199,500 00 

21,775 63 

17,241 50 

8,430 00 



Rate. 
105 
150 
141 

86 
160 
145 
265 
175| 
1031 
121 " 

98 

10 

196^ 
395 
153| 

92i 
235 " 
143| 
202 
182i 

80 " 

20 
100i 

99^ 

195 
135 
144 
91 
117 
141 
163 
126 
125 
110 
200 

150 
115 
120 
190 



Market Value. 

$4,725 00 

15,000 00 

7,050 00 

43,000 00 

41,120 00 

29,000 00 

53,000 00 

41,709 50 

1,759 50 

60,500 00 

19,600 00 

5,000 00 

222,743 75 

39,500 00 

101,215 63 

14,245 00 

17,625 00 

125,887 31 

20,200 00 

36,500 00 

2,160 00 

2,000 00 

8,020 00 

11,925 00 

48,750 00 

79,785 00 

3,600 00 

4,324 00 

11,700 00 

71,769 00 

12,225 00 

22,680 00 

56.250 00 

11,000 00 

5,000 00 

299,250 00 

23,258 75 

17,520 00 

9,975 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



285 



State and Municipal Bonds. 

Arizona 5s, 1942, 

Georgia 4|s, 1910-15, .... 
Galveston, Tex., 5s, 1934, 

Groton, Conn. , 4s, 1924 

North East School Dist., Hartford, Conn., 3^s, 1931, 

Lincoln, Neb., 5s, 1906, .... 

New Britain, Conn., 3is, 1906-30, . 

New York, N. Y., 3*s,~1953, . 

Opelika, Ala., 5s, 1934, . 

Portland, Ore., 5s, 1923, 

Richmond, Va., 4s, 1923-28, . 

Silver City, N. M., 7s, 1923, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe' 4s, 1913, 
Atlantic & Danville 4s, 1948, 
Augusta Terminal 6s, 1947, . 
Brooklyn Union Elevated 4s and 5s, 1950, 

Buffalo 5s, 1931, 

Central Branch Union Pacific 4s, 1948, 

Central of Georgia (Oconee Div.) 5s, 1945, 

Central of Georgia equipment 4is, 1908, 

Central of Georgia (Mobile Div") 5s, 1946, 

Chesapeake & Ohio (Richmond & Alle. Div.) 4s, 1989 

Chicago & Alton 3s, 1949, 

Chicago & Cincinnati 5s, 1952, 

Chicago & Erie 5s, 1982, 

Chicago & Indiana Coal 5s, 1936, . 

Chicago North Shore Street 6s, 1912, 

Chicago, Peoria & St. Louis 4^s, 1930 

Chicago & Western Indiana 4s, 1952, 

Choctaw, Oklahoma & Gulf 5s, 1919, 

Choctaw & Memphis 5s, 1949, 

Cincinnati, Hamilton & Dayton 4|s, 1908, 

Cincinnati, Indianapolis & Western 4s, 1953 

Cincinnati, Richmond & Muncie 5s, 1950, 

Danbury & Norwalk 5s, 1925, 

East Tennessee, Virginia & Georgia 5s, 1956, 

Elgin, Aurora & Southern Traction 5s, 1916, 

Flint & Pere Marquette 5s, 1939, .... 

Galveston, Harrisburg & San Antonio 5s, 1931, . 

Hunt. & Broad Top Mt. R.R. & Coal Co. 5s, 1925, 

International & Great Northern 5s, 1909, 

Kanawha & Michigan 4s, 1990, . . 

Kansas City Cable 5s, 1911, 

Kansas City, Fort Scott & Memphis 6s, 1928, 
Kansas City Railway & Light Co. 5s, 1913, . 
Kansas City, Fort Scott & Memphis 4s, 1936, 
Louisville, Henderson & St. Louis 5s, 1946, . 
Mason City & Fort Dodge 4s, 1955, 

Metropolitan Street 4s, 2002, 

Minneapolis & St. Louis 4s, 1949, 

Missouri, Kansas & Oklahoma 5s, 1942, 

Missouri, Kansas & Texas (St. Louis Div.) 4s, 2001, 

Mobile & Ohio (Montgomery Div.) 5s, 1947, 

Nashville, Chattanooga & St. Louis 6s, 1923, 

Nashville, Chattanooga & St. Louis 5s, 1928, 

N. Y. Cen. & Hudson R. (Lake Shore Coll.) 3?,s, 1998, 

Nodawav Valley 7s. 1920, 

Norfolk & Western 4s, 1996, 

Norfolk & West. (Pocahontas Coal & Coke Co.) 4s, 1941 

Northern Ohio 5s, 1945, 

Northern Pacific Terminal 6s, 1933, 

Northwestern Elevated 4s, 1911, .... 

Peoria & Pekin Union 4is, 1921, .... 

Richmond & Danville 5s, 1927, .... 

St. L., Iron Mt. & S. (River & Gulf Div.) 4s, 1933, 

St. Louis, Memphis & Southeastern 4is, 1909, 

St. Louis Transit 5s, 1924, . . 

St. Louis & San Fran. (Southwestern Div.) 5s, 1947, 

St. Paul & Northern Pacific 6s, 1923, . 

St. Paul. Minneapolis & Man. (Montana Ex.) 4s, 1937, 

Seaboard & Roanoke 5s, 1926, 



Book Value. 

$19,800 00 
27,500 00 
25,200 00 
10,400 00 
4,000 00 
12,240 00 
42,355 00 

153,250 00 
20,000 00 
61,625 00 
50,000 00 
10,200 00 

23,625 00 
94,375 00 
63,500 00 
49,312 50 
26,250 00 
46,750 00 
26,250 00 
25,000 00 
37,950 00 
46,400 00 
22,500 00 
39,900 00 
90,812 50 
40,012 50 
26,500 00 
26,375 00 
50,500 00 
82,443 75 
59,000 00 
41,710 00 
24,750 00 
72,835 00 
11,000 00 
31,500 00 
74,312 50 
33,350 00 
54,462 50 
26,000 00 
124,625 00 
11,400 00 
51,310 00 
28,887 50 
24,375 00 
17,750 00 
27,875 00 
45,875 00 
66,750 00 
14,325 00 
52,675 00 
23,187 50 
27,593 75 
16,912 50 
28,343 75 

44.750 00 
5,120 00 

21.751 30 
47,187 50 
54,500 00 
97,150 00 
48,500 00 
40,210 00 
20,350 00 
23,898 75 
24,000 00 
48,500 00 
25,437 50 
42,000 00 
51,500 00 
51,625 00 



Rate. 
104* 
1081 

89 
101 

98 
100 

99 

98| 
100 
116^ 
103| 
100 

97 

95i 
12l| 
1081 
111 

94i 
107" 

99 
113 

97i 

81i 
107 " 
120 
117 

87 
105 

99 
107 
1161 

9r 

94 
107 
116 
118^ 

97 * 
110 " 
110 
105i 

98| 

95 
100 
121 

98 

85i 

1101 

90" 

89 

96 

1071 

9r 

113 
120 
113 
881 
104" 

1001 

93* 
116* 

114" 
935 
99| 

110 
94 
96 
95 v 

101 

124 

1021 

110 T , 



Market Value. 

$20,900 00 

27,125 00 

22,250 00 

10,100 00 

3,920 00 

12,000 00 

42,570 00 

148,125 00 

20,000 00 

58,125 00 

51,687 50 

10,000 00 

24,250 00 
95,500 00 
60,750 00 
54,250 00 
27,750 00 
47,250 00 
26,750 00 
24,750 00 
37,290 00 
48,750 00 
20,375 00 
39,590 00 
90,000 00 
46,800 00 
21,750 00 
26,250 00 
49,500 00 
80,250 00 
58,250 00 
39,130 00 
23,500 00 
71,690 00 
11,600 00 
35,475 00 
73,125 00 
33,000 00 
55,000 00 
26,312 50 
122,968 75 
14,250 00 
50,000 00 
30,250 00 
24,500 00 
17,100 00 
27,625 00 
45,000 00 
66,750 00 
14,400 00 
53,750 00 
22,750 00 
28,250 00 
18,000 00 
28,250 00 
44,250 00 
5,200 00 
25,125 00 
46,750 00 
58,250 00 
94,620 00 
46,937 50 
39,900 00 
22,000 00 
24,440 00 
24,000 00 
47,875 00 
25,250 00 
43,400 00 
51,250 00 
55,250 00 



286 



NATIONAL UNION FIRE INSURANCE CO. 



Seaboard Air Line 5s, 1907, 

Seaboard Air Line (Atlanta-Birmingham) 4s, 1933, 

Southern 5s, 1994, 

Southern (Memphis Div.) 4s, 1996, 

Southern (St. Louis Div.) 4s, 1951, 

Texas & Pacific (La. Div.) 5s, 1931, 

Toledo & Ohio Central (Western Div.) 5s, 1935, 

Toledo & Ohio Central genl. m'tg'e 5s, 1935, 

Toledo Traction 5s, 1909, 

Ulster & Delaware 5s, 1928, . 

Wabash-Pittsburg Terminal 4s, 1954, . 

Wabash 1st mortgage 5s, 1939, 

Wabash equipment 5s, 1921, . 

Western Marvland 4s, 1952, . 

Wheeling & Lake Erie 4s, 1949, . 

Miscellaneous Bonds. 
Galveston Wharf Co. 5s, 1940, 
Randolph-Macon Coal Co. 5s, 1935, 
Suffield & Thompsonville Bridge Co. 5s, 1903, 
Western Union Telegraph Co. 5s, 1938, 



Book Value. 


Rate. 


Market Value. 


824,628 75 


100^ 


825,062 50 


94,000 00 


95^ 


95,250 00 


64,143 75 


118 


64.900 00 


48,547 00 


116^ 


58,125 00 


25.000 00 


99i 


24,875 00 


109,375 00 


109" 


109,000 00 


86,671 25 


114 


91.200 00 


19,600 00 


108 


21.600 00 


49,250 00 


100 


50,000 00 


56,000 00 


110 


55,000 00 


65,375 00 


85| 


64,218 75 


21,000 00 


115 


23,000 00 


52,000 00 


101 


50,500 00 


84,000 00 


85 


85,000 00 


73,681 25 


89§ 


71,700 00 


25,000 00 


110 


27,500 00 


46,375 00 


87i 


43,750 00 


28,000 00 


100" 


28,000 00 


28,297 50 


106i 


26,625 00 


$5,125,573 38 




85,512,909 94 



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, $1,174,760 87 

Interest on mortgage loans, §19,587.39 ; collaterals, $ 2,500 ; stocks 

and bonds, §56,37 1.45; all other, $1.794. 57, .... 80,25341 



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

Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, 

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, . 
Premiums on bonds purchased, .... 
Maps, printing plant, furniture and fixtures, 
Books, printing, stationery and advertising, 
Adjustment and loss expenses, .... 
Miscellaneous expenses, 

Total disbursements, 

Balance, 

Ledger Assets. 

Mortgages, 

Loans secured by collateral (300 shares 2d Nat. Bank, Pittsburg), 



75 00 
764 31 



$1,255,853 59 


1,789,061 


75 


$3,044,915 


34 


8490,347 


18 


262,578 


14 


100,477 


70 


6,581 


25 


55,822 


51 


3,975 


00 


6,827 


50 


11,178 


84 


13,840 


40 


9,308 


83 


17,863 


34 


$978,800 


69 



$2,066,114 65 



$399,622 00 
50,000 00 



NATIONAL UNION FIRE INSURANCE CO. 



287 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $6,859.84; stocks and bonds, $1,630, 
Market value of stocks and bonds over book value, . 

Gross assets, 

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

Total admitted assets, ... . 

Liabilities. 

Unpaid losses, including $11,914.52 resisted, $108,542.83 ; less rein- 
surance, |23,385. 82, 

Unearned premiums on outstanding risks, 



$1,215,830 00 
192,291 68 
208,370 97 

$2,066,114 65 



8,489 84 
15,937 50 

$2,090,541 99 

1,003 03 
12,089,538 96 



$85,157 01 
953,513 30 

$1,038,670 31 



All liabilities, except capital and surplus, 

Surplus to policy holders, $1,050,868 65 

Paid-up capital, ... 750,000 00 

Surplus over capital and general liabilities, 300,868 65 



Total liabilities, 



. $2,089,538 96 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . $114,928,845 00 $1,420,491 72 



Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, 

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, 



Railroad Stocks. 
200 shares Baltimore & Ohio, preferred, 
200 " Illinois Central, .... 

1,800 " Pennsylvania, 

84 " Pittsburgh & Lake Erie, . 

Bank Stocks, 
25 shares Farmers' Dep. National, Pittsburg, Pa., 
75 " Second National, Pittsburg, Pa., 

Miscellaneous Stocks. 
200 shares Western Union Telegraph Co., . 

Government Bonds. 
United States reg. 3s, 1918, 



.135,258,163 00 1,759,022 15 



$250,187,008 00 $3,179,513 87 
. 91,227,151 00 1,193,685 95 



$158,959,857 00 $1,985,827 92 
. 20,706,978 00 271,973 43 



$138,252,879 00 $1,713,854 4£ 



• 


.$ 


3,560,853 00 

1,438,701 00 

507,321 00 

286,000 00 


) BY THE 


Company. 


Book Value. 


Bate. 


Market Value. 


$18,200 00 
26,000 00 

108,000 00 
14,280 00 


98 
175-j 
143| 
290 


$19,600 00 
35,050 00 

129,262 50 
12,180 00 


22,900 00 
17,500 00 


1,200 
258 


30,000 00 
19,350 00 


17,600 00 


93§ 


18,675 00 


7,000 00 


101f 


7,122 50 



288 



NEWARK FIRE INSURANCE CO. 



State, County and Municipal Bonds. 
Georgia 44s, 1908, . 
Georgia 4|s, 1909, . 
Georgia 4|s, 1913, . 
Jefferson County, Indiana, 4s, 
New York, N. Y., 3is, 1928, . 
Portland, Ore., 5s, 1917, 
Portland, Ore., 5s, 1922, 
Lynchburg, Va., 4s, 1934, 
Richmond, Va., 4s, 1938, 

Eailroad Bonds. 
Atchison, Topeka & Santa Fe' 4s, 1906, 
Central of Georgia (Chatt. Div.) 4s, 1951, . 
Connecticut Railway & Lighting Co. 4is, 1951, 
Lake Shore & Michigan Southern 4s, 1§28, . 
Metropolitan Street 4s, 2002, .... 
Norfolk & Western 4s, 1996, .... 
Pittsburgh, Bessemer & Lake Erie 5s, 1947, 

Miscellaneous Bonds. 
Beaver Valley Water Co. 5s, 1932, 
Electrical Securities Corporation 5s, 1934, 
Jamison Coal & Coke Co. 5s, 
Latrobe Water Co. 5s, 1918, . 
McConway & Torley Co. 6s, . 
Monongahela River C. C. & C. Co. 6s, 1949, 
Pennsylvania Water Co. 5s, 1929, 
Pittsburgh Brewing Co. 6s, 1949, 
Pittsburgh Lamp, Brass & G. Co. 6s, 1915, 
Pittsburgh & Buffalo Co. 5s, 
Racine Water Co. 5s, 1931, . 
Sharon Steel Co. 5s, 1940, 
St. Joseph Water Co. 5s, 1941, 
Standard Sanitary Mfg. Co. 6s, 1920, 
Union Bag & Paper Co. 5s, 1930, 
Union Gas Co. 5s, 1929, . 
Union Switch & Signal Co. 5s, 1910, . 
Vandalia Coal Co. 6s, 1930, . 
West Braddock Bridge Co. 5s, 1927, . 
Western Union Telegraph Co. 4|s, 1950, 



Book Value. 
$1,000 00 
1,000 00 
1,000 00 
25,000 00 
50,000 00 
27,500 00 
28,000 00 
20,800 00 
18,900 00 

24,500 00 
18,300 00 
20,000 00 
14,850 00 
24,500 00 
25,000 00 
23,000 00 

20,000 00 
25,000 00 
50,000 00 
30,000 00 
30,000 00 
27,500 00 
55,000 00 
27,500 00 
25,000 00 
40,000 00 
20,000 00 
23,000 00 
50,000 00 
50,000 00 
49,500 00 
18,000 00 
20,000 00 
52,500 00 
23,000 00 
25,000 00 

$1,215,830 00 



Rate. 
102| 
104 
109 
10H 
99| 
111? 
1155 
1051 
105 

100 
93 

100 
99i 
89 " 

1004 

117" 



98 

99 

100 

100 

109 

100 

112 

100 

105 

99 

99 

98 

100 

97 

100 

100 

106 

100 

104 



Market Value. 
$1,027 50 
1,040 00 
1,090 00 
25,375 00 
49,625 00 
27,875 00 
28,875 00 
21,100 00 
18,900 00 

25,000 00 
18,600 00 
20,000 00 
14,925 00 
22,250 00 
25,125 00 
23,400 00 



24,500 00 
49,500 00 
30,000 00 
.30,000 00 
27,250 00 
50,000 00 
28,000 00 
25,000 00 
42,000 00 
19,800 00 
22,770 00 
49,000 00 
50,000 00 
48,500 00 
18,000 00 
20,000 00 
53,000 00 
23,000 00 
26,000 00 

$1,231,767 50 



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. 



Net fire premiums, 
Interest on mortgage loans, $8,735. 19 
all other, $6, . 

Rents, 

Profit on sale of real estate, 
From all other sources, 

Total income, 
Ledger assets, Dec. 31, 1904, 



Income. 

stocks and bonds, $16,896 . 39 ; 



1264,614 94 

25,637 58 

2,517 07 

682 50 

287 98 

$293,740 07 
567,094 40 

Total, §860,834 47 

Disbursements. 



Net amount paid for fire losses, . 
Interest and dividends to stockholders, 
Commissions or brokerage, 



$93,674 31 
24,839 50 
57,645 02 



NEWARK FIRE INSURANCE CO, 289 

Salaries, fees, etc., of officers and employees, $29,870 41 

Rents 224 94 

Repairs and expenses on real estate, . 681 35 

Real estate taxes, $2,667.46 ; other taxes and fees, $7,248.70, . . 9,916 16 

Books, stationery, advertising and maps, 5,665 77 

Fire patrols, 1,762 25 

Postage, express and telegrams, 2,298 20 

Premium on bond purchased, 385 00 

Miscellaneous, 4,530 18 

Total disbursements, $231,493 09 

Balance $629,341 38 

Ledger Assets. 

Real estate, $32,400; mortgages, $196,390, $228,790 00 

Stocks and bonds (Schedule A), 343,30125 

Cash in banks and office, 28,193 79 

Agents' balances, 29,056 34 

Total ledger assets, $629,341 38 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $2,843.38; stocks and bonds, $5,003.64, . . . 7,847 02 

Market value of real estate over book value, 43,000 00 

Market value of stocks and bonds over book value, .... 87,773 75 

Gross assets, $767,962 15 

Assets not admitted. 

Agents 1 balances over three months due, 783 67 

Total admitted assets, $767,178 48 

Liabilities. 
Unpaid losses, including $6,600 resisted, $26,311.65; less reinsur- 
ance, $2,427.36, $23,884 29* 

Unearned premiums on outstanding risks, 201,815 12 

Dividends due stockholders, . . 7,364 00 

Salaries and other miscellaneous expenses, due or accrued, . . 3,359 83 

All liabilities, except capital and surplus, $236,423 24 

Surplus to policy holders, $530,755 24 

Paid-up capital, 250,000 00 

Surplus over capital and general liabilities, 280,755 24 

Total liabilities, $767,178 48 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . .$36,760,235 00 $316,512 22 

Fire risks written during 1905, 32,367,992 00 319,792 03 

Total $69,128,227 00 $636,304 25 

Risks expired and terminated, 26,581,069 00 239,055 58 

In force at end of year, $42,547,158 00 $397,248 67 

Amount reinsured, 3,827,095 00 27,176 46 

Net amount in force, $38,720,063 00 $370,072 21 



290 



NEW BRUNSWICK 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 (10 per cent.), 
Company's stock owned by directors, 



Railroad Stocks. 

400 shares Morris & Essex, 

Bank Stocks. 
413 shares Nat'l Newark Banking Co., Newark, N 
318 " National State, Newark, N. J., . 

Government, County and Municipal Bonds 
United States 4s, 1907, .... 
United States 4s, 1907, .... 
Essex County, New Jersey, 4s, 1926, 
Hudson County, New Jersey, 4s, 1954, . 
Elizabeth, N. J., 4s, 1922, . 
Newark, N. J., 4s, 1922,. 

Railroad Bonds. 
Newark Passenger 5s, 1930, . 
West Shore 4s, 2361, .... 
West Shore 4s, 2361, .... 

Miscellaneous Bonds. 
Elizabethtown Gas Light Co. 4^s, 1913, 
Hackensack Water Co. 4s, 1952, . 
Hoboken Land & Improvement Co. 5s, 1910, 
Hudson County Gas Co. 5s, 1949, . 
Newark Consolidated Gas Co. 5s, 1948, 
Newark Gas Co. 6s, 1944, 



any, . 




$6,209,285 00 

3,161,874 00 

99,787 00 

1,015,577 00 

25,000 00 

36,760 00 


:d by the 


Company. 


Boob Value. 


Rate. 


Market Value. 


$20,000 00 


188 


$37,600 00 


20,650 00 
15,900 00 


300 
200 


61,950 00 
31,800 00 


30,000 00 
8,000 00 
35,000 00 
10,500 00 
15,000 00 
4,000 00 


102 

102 
106 
107 
100 
105 


30,600 00 
8,160 00 
37,100 00 
10,700 00 
15,000 00 
4,200 00 


38,600 00 
20,000 00 
28,000 00 


1121 
105f 

105| 


39,375 00 
21,075 00 
29,505 00 


8,000 00 
9,400 00 
25,000 00 
20,000 00 
20,487 50 
14,763 75 


90 
93 

102 

107^ 

111 

136 


7,200 00 
9,300 00 
25,500 00 
21,450 00 
22,200 00 
18,360 00 


$343,301 25 






$431,075 00 



NEW BRUNSWICK FIRE INSURANCE COMPANY, NEW 
BRUNSWICK, N. J. 

Incorporated Dec. 27, 1826. Commenced business May 1, 1832. 

Paid-up Capital, $200,000. 

GEO. A. VIEHMANN, President. CHAS. D. EOSS, Secretary. 

Home Office, 360 Oeorge Street. 

Income. 
Net fire premiums, .... . $64,638 02 



Interest on mortgage loans, $3,952.87 ; collaterals, 

and bonds, $4,886.15 ; all other, $158.85, 
Profit on sale or maturity of bonds, . 
Premium on sale of new stock, .... 
From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1904, .... 



.83 ; stocks 



9,088 70 

1,728 69 

30,000 00 

61 37 

f 105,516 78 

297,401 92 



Total $402,918 70 



Disbursements 
Net amount paid for fire losses, . 
Interest and dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, 



S35,838 95 

39,769 42 

11,607 39 

6,196 00 

648 00 



NEW BRUNSWICK FIRE INSURANCE CO. 291 

Repairs and expenses on real estate, $37 50 

Taxes and fees, 1,540 80 

Printing and supplies, . . . . 3,453 54 

Miscellaneous, 4,512 37 



Total disbursements $103,603 97 

Balance, $299,314 73 

Ledger Assets. 

Real estate, $2,744.42; mortgages, $103,414, $106,158 42 

Stocks and bonds (Schedule A), 148,625 23 

Cash in banks and office, 12,569 04 

Agents' balances, 31,862 04 

Deposit with Philadelphia Underwriters 1 Association, . . . 100 00 

Total ledger assets, $299,314 73 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $952.03; stocks and bonds, $1,005.67, . . . 1,957 70 

Market value of stocks and bonds over book value, .... 4,873 90 

Gross assets, $306,146 33 

Assets not admitted. 

Agents' balances over three months due, . . . $1,423 31 

Depreciation in book value of mortgages, . . 600 00 

Deposit with Philadelphia Underwriters' Association, 100 00 

Total unadmitted assets, 2,123 31 

Total admitted assets $304,023 02 

Liabilities. 

Unpaid losses, including $1,157.82 resisted, $4,314 82 

Unearned premiums on outstanding risks, 39,311 89 

Dividends due stockholders, 29 23 

Commissions and other charges due agents and brokers, . . 10,123 90 

All liabilities, except capital and surplus, $53,779 84 

Surplus to policy holders, $250,243 18 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, 50,243 18 

Total liabilities $304,023 02 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, .... $4,460,903 00 $68,230 98 

Fire risks written during 1905, 7,584,814 00 95,019 07 

Total, $12,045,717 00 $163,250 05 

Risks expired and terminated, 5,743,231 00 88,670 27 

In force at end of year, $6,302,486 00 $74,579 78 

Miscellaneous. 

Premiums received from organization of company, .... $724,876 00 

Losses paid from organization of company, . ' . . . . 286,870 00 

Fire losses incurred during the year 33,026 00 



292 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Cash dividends declared from organization of company, 
Dividends declared during the year (19.88 per cent.), 
Company's stock owned by directors, 



$538,759 00 

39,759 00 

107,625 00 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. 
50 shares Nat. Bk. of N. J., New Brunswick, N. J., 
10 " Title Guar. & Tr. Co., New York, N. Y., 
8 " Trust Co. of America, New York, N. Y., 

Miscellaneous Stocks. 
50 shares National Surety Co., .... 
3 " General Adjustment Bureau, 

County and Municipal Bonds. 
Essex County, New Jersey, 4s, 1943, 
Jersey City, N. J., 4s, 1932, . 
New Brunswick, N. J., 4s, 1923, 
New Brunswick, N. J., 4s, 1926, 
New Brunswick, N. J., 4s, 1925, 
New York, N. Y., 3|s, 1954, . 

Railroad Bonds. 
Wabash-Pittsburg Terminal 4s, 1954, . . . . 

Miscellaneous Bonds. 
Edison Elec. 111. Co., New Brunswick, N. J., 6s, 1918, 
Securities Co. 4s, 



Book Value. 

$11,120 00 

6,225 00 

5,700 00 

6,612 50 
150 00 

27,509 03 
1,021 92 
4,000 00 
1,000 00 
2,500 00 

70,960 63 

6,693 75 

1,072 40 
4,060 00 

$148,625 23 



Rate. 
220 
640 
750 

132 
100 

1074 
100* 
103| 
103* 
103| 
100 

85f 

108 
65 



Market Value. 

$11,000 00 

6,400 00 

6,000 00 

6,600 00 
150 00 

26,906 00 
1,005 00 
4,125 00 
1,035 00 
2,584 38 

70,000 00 

12,843 75 

1,080 00 
3,770 00 

$153,499 13 



NEW HAMPSHIRE FIRE INSURANCE COMPANY, 
MANCHESTER, N. H. 

Incorporated 1869. Commenced business April, 1870. 
Paid-up Capital, $1,000,000. 

F. W. SARGEANT, President. 

Home Office, 876 Elm Street. 

Income. 

Net fire premiums, 

Interest on mortgage loans, $17,349.29; collaterals, $1,562.50 
stocks and bonds, $110,754.97 ; all other, $40.75, . 

Rents, 

Profit on sale or maturity of real estate, 

Profit and loss, 



F. E. MARTIN, J Secretaries 

L. W. CROCKETT, j becretaries - 



$1,739,745 13 

129,707 51 

16,479 75 

369 20 

2,533 24 



Total income, 
Ledger assets, Dec. 31, 1904, 



11,888,834 83 
3,108,944 10 



Total, $4,997,778 93 

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, $4,352.27 ; other taxes and fees, $48,022.19, 

Premiums on stocks and bonds purchased, 

Profit and loss, 

Tariff and board expenses, 

Printing and advertising, 



$873,472 39 

100,000 00 

421,948 48 

76,301 99 

88 20 

7,123 48 

52,374 46 

16,317 26 

3,191 57 

28,159 09 

13,216 34- 



NEW HAMPSHIRE FIRE INSURANCE CO. 



293 



Furniture and fixtures, 

Miscellaneous expenses, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $142,113.70; mortgages, $344,400, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents' balances, 

All other ledger assets, 



$4,038 37 
59,017 02 

f 1,655,248 65 

$3,342,530 28 



1,513 70 

75,000 00 

2,365,757 20 

205,271 64 

193,487 74 

16,500 00 



Total ledger assets, $3,342,530 28 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $4,589; stocks and bonds, $10,934.19; collateral 

loans, $702.95, 

Market value of real estate over book value, .... 
Market value of stocks and bonds over book value, .... 
Due from other companies for reinsurance, 



Gross assets, 

Assets not Admitted. 
Special deposits, $11,150; liabilities in set off, $11,150. 

Liabilities. 
Unpaid losses, including $15,643 resisted, $238,170.59 : less reinsur- 



16,226 14 

17,639 21 

844,260 55 

5,257 46 

t.225,913 64 



ance, $38,487.02, 

Unearned premiums on outstanding risks, $1,501,698 . 35 ; plus same 

on disallowed reinsurance, $1,187.13, 

Commissions and other charges due agents and brokers, . 
Due for return premiums, $23,513.66 ; reinsurance, $16,501.73, 

Reserve for contingencies, 

Sinking fund for office building, 

Miscellaneous, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$2,406,477 75 



$199,683 57 

1,502,885 48 

4,367 37 

40,015 39 

50,000 00 

20,000 00 

2,484 08 

$1,819,435 89 

1,000,000 00 
1,406,477 75 



Total liabilities $4,225,913 64 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$257,399,795 00 
. 165,057,015 00 

$422,456,810 00 
. 159,505,884 00 

$262,950,926 00 
. 19,079,535 00 



Premiums. 

$3,087,458 35 
2,087,832 33 

$5,175,290 68 
2,058,306 15 

1,116,984 53 
211,965 28 



$243,871,391 00 $2,905,019 25 



294 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, . . . $26,326,53100 

Losses paid from organization of company, 14,594,480 00 

Fire losses incurred during the year, 872,248 00 

Cash dividends declared from organization of company, . . . 1,771,858 00 
Dividends declared during the year (10 per cent.), .... 100,00000 
Company's stock owned by directors, 188,800 00 

Schedule A. Securities held as Collateral. 



426 shares Exeter Manufacturing Co., preferred, . 
Exeter Manufacturing Co., ...... 

New York, New Haven & Hartford R.R. 4s, 

100 shares Atchison, Topeka & Santa Fe Ry., common, 

200 " Pennsylvania R.R. , 

100 " Brooklyn Rapid Transit Co., 



Company's 
Market Value. 

$21,300 00 } 

25,000 00 \ 

30,000 00 

8,600 00 

13,800 00 

8,600 00 



Loaned 
Thereon. 

$25,000 00 
25,000 00 

25,000 00 



$107,300 00 $75,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



100 
100 
200 
200 
100 
250 
200 
120 
200 
529 

33 
150 

25 
200 
360 
100 
800 
100 
700 
440 
130 

50 

260 

2,000 

200 

40 

10 
80 
50 
24 
50 
25 
130 
60 

100 
200 
300 
680 
100 

10 
3 

21 
100 
400 



Railroad Stocks. 
shares Atchison, Topeka & Santa Fe, common, 

" Baltimore & Ohio, preferred, 

" Boston & Albany, 

" Boston & Maine, common, 

" Boston & Maine, preferred, 

" Chicago Great Western, debenture, 

" Chic. Jc. Rys. & Union St. Yds. Co., pref., 

" Chicago, Milwaukee & St. Paul, common, 

" Chicago, Milwaukee & St. Paul, preferred, 

" Chicago & Northwestern, common, 

" Chicago, Rock Island & Pacific, 

" Concord & Montreal, Class 1, 

" Concord & Montreal, Class 2, 

" Concord & Montreal, Class 4, 

" Delaware & Hudson Canal Co., 

" Fitchburg, preferred, . 

" Illinois Central, .... 

" Maine Central, .... 

" N. Y. Central & Hudson River, 

" N. Y., New Haven & Hartford, 

" Northern New Hampshire, 

" Norwich & Worcester, 

" Pemigewasset Valley, 

" Pennsylvania, .... 

" Pittsburg, Fort Wayne & Chicago, 

" Suncook Valley, .... 

Bank Stocks. 
shares Exeter Banking Co., N. H., 

" First National, Concord, N. H., 

" First National, Peterborough, N. H 

" Laconia National, N. H, . 

" Lancaster National, N. H., 

" Lancaster Trust Co., N. H., 

" Merchants' National, Manchester, N. H., 

" Pemigewasset National, Plymouth, N. H. 
Miscellaneous Stocks. 
shares Adams Express Co., .... 

" American Express Co., 

" American Sugar Refinery Co., preferred, 

" American Telephone & Telegraph Co., 

" Amory Manufacturing Co., 

" Amoskeag Manuf. Co., Manchester, N. H. 

" General Adjustment Bureau, 

M Manchester, N. H., Gas Light Co., . 

" Manchester Mills, Manc'r, N. H., common, 

" Manchester Mills, Manc'r, N. H., prefer'd, 



Book Value. 
$8,912 50 

8,650 00 
20,000 00 
20,000 00 
10,000 00 
23,125 00 
20,0C0 00 

9,175 00 
20,000 00 
52,900 00 

3,300 00 
15,000 00 

2,500 00 
20,000 00 
36,000 00 

9,200 00 
79,973 60 
10,000 00 
70,000 00 
44,000 00 
13,000 00 

5,000 00 

26,000 00 

100,000 00 

20,000 00 

4,000 00 

1,000 00 
8,000 00 
5,000 00 
2,400 00 
5,000 00 
2,500 00 
13,000 00 
6,000 00 

5.00Q 00 

20,000 00 
30,000 00 
68,000 00 
10,000 00 
10,000 00 
150 00 
2,100 00 
10,000 00 
40,000 00 



Kate. 

89 

98 
254* 
172" 
175 

86 
125 
181| 
188i 
223" 
160 
184 
184 
184 
220 
142i 
175| 
192 
153 1 
196* 
1651 
235" 
150 
143| 
1821 
110" 

180 
300 
130 
101 
125 
90 
122 
185 

235 
226 
140 
138 
175 
210 
100 
600 
140 
140 



Market Value. 
$8,900 00 
9,800 00 
50,900 00 
34,400 00 
17,500 00 
21,500 00 
25,000 00 
21,810 00 
37,700 00 

117,967 00 
5,280 00 
27,600 00 
4,600 00 
36,800 00 
79,200 00 
14,250 00 

140,200 00 
19,200 00 

107,187 50 
86,350 00 
21,515 00 
11,750 00 
39,000 00 

143,625 00 

36,500 00 

4,400 00 

1,800 00 

24,000 00 

6.500 00 

2,424 00 

6,250 00 

2,250 00 

15,860 00 

11,100 00 

23.500 00 
45,200 00 
42,000 00 
93,840 00 
17,500 00 
21,000 00 
150 00 
12,600 00 
14,000 00 
56,000 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



295 



300 shares Massachusetts Gas Co., preferred, 

100 " Nashua Card, Gum'd & Coated Paper Co. 

300 " Pullman Palace Car Co., 
4 " Underwriters' Salvage Co., New York, 
1 share Western Adjustment & Inspection Co., 

100 shares Western Union Telegraph Co., 

Government Bonds. 

Japanese 4^s, 1925, 

United States 4s, 1907, 

State, County and Municipal Bonds. 

Georgia 4^s, 1915, 

Hillsborough County, New Hampshire, 4s, 1915, 

Rockingham County, New Hampshire, 4s, 1918, 

Columbus, O., 5s, 1914, . 

Concord, N.H. ,4s, 1922, 

Concord, N. H., 34,8, 1923, 

East Portland, Ore., 6s, 1921, 

Saginaw, Mich., 4s, 1924, 

Santa Barbara, Cal., 4^s, 1915-1934, 

Seattle, Wash., 5s, 1911, 

Railroad Bonds. 
Atchison, Topeka & Santa Fc 4s, 1995, 
Bangor & Aroostook 4s, 1951, 
Boston, Concord & Montreal 6s, 1911, 
Central of New Jersey 5s, 1987, 
Chicago, Burlington & Quincy (Den. Ex.) 4s, 1922, 
Chicago, Burlington & Quincy (111. div.) 3*s, 1949, 
Chicago, Milwaukee & St. Paul 3|s, 1989, 
Chicago Junction 4s, 1945, . 
Cincinnati, Richmond & Muncie 5s, 1950, 
Columbia & Greenville 6s, 1916, . 
Concord & Montreal 4s, 1920, 
Concord & Montreal 3*s, 1920, 
Fitchburg 4s, 1927, 

Grand Rapids, Belding & Saginaw 5s, 1924, 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh Valley Terminal 5s, 1941, . 
Missouri Pacific 6s, 1920, .... 
Montana Central 5s, 1937, .... 
New York Central & Hudson River 4s, 1934, 
Northern Pac.-Gt. Northern (C, B. & Q. Coll.) 4s, 1921 
Northern Pacific (St. Paul & Duluth) 4s, 1996, 

Omaha Street 5s, 1914, 

Oregon Short Line 4s, 1929, .... 

Oregon Short Line 6s, 1922 

Oregon Short Line 5s, 1946, .... 

St. L., Iron Mt. & So. (River & Gulf Div's) 4s, 1933, 

Toledo, St. Louis & Western 3£s, 1925, . 

Union Pacific 4s, 1947, . . 

Utah & Northern 7s, 1908, .... 

Watertown & Rome 6s, 1910, 

Miscellaneous Bonds. 
Adams Express Co. 4s, 1948, .... 
American Telephone & Telegraph Co. 4s, 1929, 
Berlin Mills Co. 5s, 1925, .... 
Central Loan & Land Co. 6s, 1898, 
Grand Forks Gas & Electric Co. 6s, 1908, . 
Great Northern Paper Co. 5s, 1927, 
Manchester Traction Light & Power Co. 5s, 1921, 
Metropolitan Steamship Co. 5s, 1930, . 
Minneapolis Gas Light Co. 5s, 1930, 
National Loan & Trust Co. 6s, 1897, 
People's Gas Light & Coke Co. 5s, 1947, 
Swift & Co., Chicago, 111., 5s, 1914, 
Western Telephone & Telegraph Co. 5s, 1932, 
Western Union Telegraph Co. 5s, 1938, 



Book Value. 

$23,300 00 

10,000 00 

30,000 00 

400 00 

100 00 

8,125 00 

11,105 25 

25,000 00 

10,000 00 
15,000 00 

5,000 00 
10,000 00 

5,000 00 
10,000 00 
25,000 00 
10,000 00 
20,000 00 
10,000 00 

46,100 00 

9,575 00 
50,000 00 
25,000 00 
22,758 CO 
20,000 00 
25,000 00 
40,000 00 
25,000 00 
20,000 00 
140,000 00 
25,000 00 
40,000 00 

8,000 00 
20,000 00 
25,000 00 
10,000 00 
24,250 00 

9,983 10 
85,000 00 
24,968 75 
25,000 00 

9,612 50 
20,000 00 
25,000 00 
18,300 00 
22,437 50 

9,900 00 
12,000 00 
10,000 00 

19,881 00 

54,600 00 

48,250 00 

3,100 00 

2,900 00 

49,750 00 

75,000 00 

20,000 00 

50,000 00 

1,475 00 

10,000 00 

25,000 00 

16,000 00 

25,000 00 



Rate. 

85 

90 
245 
100 
100 

93| 

91 
102 

Uli 

103 

103J 

110 

107| 

101^ 

119 

104 

106£ 

105* 

934 

96 
111 
131| 

100i 
94f 
95^ 

100 

107 

1141 

102 " 
96* 

104 ~ 

103 
99* 

118* 

122^ 

1171 
99| 

99£ 
100 
101* 

95| 
1224 
117i 

94" 

89| 
104§ 
106 1 
102* 

102* 

944 
100" 

10 
100 

974 
105| 
101" 
102J 

10 
105 
102 v 
102 
106* 



Market Value. 

$25,500 00 

9,000 00 

73,500 00 

400 00 

100 00 

9,337 50 

11,079 25 
25,500 00 

11,150 00 
15,450 00 

5,193 75 
11,000 00 

5,368 75 
10,125 00 
29,750 00 
10,400 00 
21,325 00 
10,550 00 

46,750 00 

9,600 00 
55,500 00 
32,937 50 
24,060 00 
37,900 00 
23,937 50 
40,000 00 
26,750 00 
22,900 00 
142,800 00 
24,125 00 
41,600 00 

8,240 00 
19,900 00 
29,625 00 
12,200 00 
29,281 25 

9,975 00 

169,787 50 

25,000 00 

25,375 00 

9,512 50 
24,525 00 
29,375 00 
18,800 00 
22,406 25 
10,475 00 
12,765 00 
10,250 00 

25,625 00 

51,975 00 

50,000 00 

760 00 

3,000 00 

48,750 00 

79,125 00 

20.200 00 

51,062 50 

397 50 

10,500 00 

25,687 50 

16,320 00 

26,625 00 



$2,365,757 20 



$3,210,017 75 



296 NEW YORK FIRE INSURANCE CO. 



NEW YORK FIRE INSURANCE COMPANY OF THE CITY OF 
NEW YORK, NEW YORK, N. Y. 

Incorporated April is, 1832. Commenced business Dec. 22, 1832. 

Paid-up Capital, $200,000. 

CHAS. A. HULL, President. AUGUSTUS COLSON, Vice-President and Secretary. 

[Home Office, 95 William Street. 

Income. 

Net fire premiums, $499,126 33 

Interest on stocks and bonds, $9,504.22 ; all other, $ 3,225. 34, . . 12,729 56 

Rents, 1,850 02 

Total income, $513,705 91 

Ledger assets, Dec. 31, 1904, 450,998 69 

Total, $964,704 60 

Disbursements. 

Net amount paid for fire losses, $231,657.17 ; marine, $1,410.93, . $233,068 10 

Interest and dividends to stockholders, 14,000 00 

Commissions or brokerage, 121,759 07 

Salaries, fees, etc., of officers and employees, 42,346 62 

Repairs and expenses on real estate, ....... 463 87 

Real estate taxes, $1,347.75 ; other taxes and fees, $10,099.07, . 11,446 82 

Premium on stocks and bonds purchased, 16,449 76 

Printing and stationery, 2,653 08 

Directors' fees, 1,025 00 

Traveling expenses, 3,523 16 

Board and patrol expenses, ........ 6,016 51 

Maps and corrections, 1,930 57 

Miscellaneous expenses, 6,247 66 

Total disbursements, $460,930 22 

Balance, $503,774 38 

Ledger Assets. 

Real estate, $100,000 00 

Stocks and bonds (Schedule A), 304,000 00 

Cash in banks, 52,007 16 

Agents' balances, 47,767 22 

Total ledger assets, $503,774 38 

Non-Ledger Assets. 

Market value of real estate over book value, 20,000 00 

Market value of stocks and bonds over book value, .... 77,333 13 

Gross assets, $601,107 51 

Liabilities. 

Unpaid losses, including $3,960.56 resisted, $56,132.40; less rein- 
surance, $2,203.96 $53,928 44 

Unearned premiums on outstanding risks, 293,538 54 

Salaries and other miscellaneous expenses, due or accrued, . . 1,124 19 

All liabilities, except capital and surplus, $348,591 17 



NIAGARA FIRE INSURANCE CO. 



297 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 



Total 

Risks expired and terminated, 



In force at end of year, 
Amount reinsured, 

Net amount in force, 



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, 



$252,516 34 



141,888,776 00 
52,414,139 00 



194,302,915 00 
43,581,964 00 



,720,951 00 
3,881,929 00 



$200,000 00 
52,516 34 

$601,107 51 



Premiums. 

|490,597 77 
650,631 84 

1,141,229 61 
550,081 66 

$591,147 95 
35,587 42 



$46,839,022 00 $555,560 53 



$7,982,751 

3,843,923 

258,611 

1,566,000 

14,000 

100,600 



00 
00 
00 
00 
00 
00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Cleve., Cin., Chicago & St. L., preferred, 

200 " Illinois Central 

125 " New York Central & Hudson River, . 
400 " Pennsylvania, ..... 

Bank Stocks. 
50 shares Franklin Trust Co., New York, N. Y., 
65 " Nat. Bk. of Commerce, New York, N. Y., 

Miscellaneous Stocks. 
150 shares Consolidated Gas Co. of N. Y., 
10 " Underwriters' Salvage Co., . 

Bonds. 

United States 2s, 1930, 

Albany & Susquehanna R.R. 34s, 1946, 
Consolidated Gas Co. of N. Y., 6s, 1909, 



Book Value. 

$10,000 00 
20,000 00 
12,500 00 
20,000 00 

5,000 00 
6,500 00 

15,000 00 
1,000 00 

200,000 00 

4,000 00 

10,000 00 



Kate. 
1181 
175| 
153^ 
143| 

375 
195 

186| 
100 

102| 
117 

167 



$304,000 00 



Market Value. 

$11,850 00 

35,050 00 

19,140 63 

28,725 00 

18,750 00 
12,675 00 

28,012 50 
1,000 00 

204,750 00 

4,680 00 

16,700 00 

$381,333 13 



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, $2,709,979 10 

Interest on mortgage loans, $20,361.54; stocks and bonds, f 129,- 

313.02; allother, $8,021.70, 157,696 26 

Profit on sale or maturity of ledger assets, 37,731 59 

Discounts on losses paid in advance, 3,805 68 



Total income, 
Ledger assets, Dec. 31, 1904, 



. $2,909,212 63 
. 4,156,416 30 



Total, $7,065,628 93 



298 



NIAGARA FIRE 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, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, . 
Profit and loss account, .... 

Traveling, 

Stationery and surjplies, .... 

Maps, 

Advertising and subscriptions, . 

Local boards, ...... 

Office expenses, 

Postage and telegrams, .... 

Incidentals, ....... 

Office furniture and fixtures, 

Legal expenses, 

Total disbursements, .... 

Balance, 

Ledger Assets. 



$1,297,331 84 

99,940 00 

538,909 30 

225,205 87 

25,261 62 

102,607 31 

11,956 64 

641 32 

34,701 03 

23,299 69 

7,387 14 

6,228 69 

.34,375 51 

5,282 54 

25,651 24 

5,836 46 

2,593 81 

4,842 26 

§2,452,052 27 

§4,613,576 66 



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

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrueo) : — 
On mortgages, §4,108.33 ; stocks and bonds, $19,769.94, . 
Market value of stocks and bonds over book value, .... 

Gross assets,* 

Assets not admitted. 

Agents' balances over three months due, . . . §10,946 36 

Special deposits less $52,874.09 liability thereon, . 50,313 41 

Total unadmitted assets, ..... 



Total admitted assets, 

Liabilities. 

Unpaid losses, including §30,093.60 resisted, §251,214.83; less 
reinsurance, $38,012.25, 

Unearned premiums on outstanding risks, $2,210,148.79 ; plus same 
on disallowed reinsurance, $2,007.86, ..... 

Dividends due stockholders, 



§240,000 00 

3,921,472 46 

69,124 25 

382,979 95 

54,613,576 66 



23,878 27 
223,760 04 

§4,861,214 97 



61,259 77 
§4,799,955 20 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, . 

Surplus over capital and general liabilities, 



1,374,535 97 



Total liabilities, 



$213,202 58 

2,212,156 65 
60 00 

§2,425,419 23 

500,000 00 
1,874,535 97 

§4,799,955 20 



* Including $250,000 special reserve held under New York law 



NIAGARA FIRE INSURANCE CO. 



299 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



Premiums. 

$410,229,644 00 $4,464,611 47 
. 311,383,182 00 3,582,555 07 



8721,612,826 00 $8,047,166 54 
.281,415,972 00 3,352,016 11 



$440,196,854 00 $4,695,150 43 
. 51,790,738 00 465,026 77 



$388,406,116 00 $4,230,123 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 (20 per cent.), . 
Company's stock owned by directors, 



$56,590,744 00 

30,890,376 00 

1,286,660 00 

3,054,000 00 

100,000 00 

170,250 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
2,000 shares Atchison, Topeka & Santa Fe, preferred, . 

2,000 " Baltimore & Ohio, common, 

500 " Central of New Jersey, . 

1,000 " Chicago, Milwaukee & St. Paul, preferred, 

1,200 " Chicago, Milwaukee & St. Paul, common, 

1,725 " Chicago & Northwestern, common, . 

500 " Clevel'd, Lorraine & Wheeling, preferred, 

200 " Cleveland & Pittsburg, 

1,000 " Erie, 1st preferred, . 

1,000 " Louisville & Nashville, 

500 " Missouri Pacific, 

400 " Morris & Essex, .... 

300 " New York, Lackawanna & Western, 

2,000 " Pennsylvania, .... 

100 " Pittsburg, Ft. Wayne & Chicago, 

100 " Rensselaer & Saratoga, 

1,000 " Southern Pacific, preferred, 

500 " Southern, preferred, . 

1,500 " Union Pacific, preferred, . 

Bank Stocks. 
350 shares American Ex. National, New York, N. Y 

Miscellaneous Stocks. 
1,500 shares Consolidated Gas Co. of N. Y., . 

400 •• The Pullman Co., 
1,000 " U. S. Steel Corporation, preferred, 

State and Municipal Bonds. 
Georgia 44s, 1915, . 
New Mexico 6s, 1919, 

New York, N. Y., 34s, 1027, . 

New York, N. Y., 3*8, 1922, . 

New York, N. Y., 3. , ,s, 1929, . 

New York, N. Y., 3*s, 1955, . 

New York, N. Y., 3*8, 1940, . 

New York, N. Y., 3*8, 1917, . 

New York, N. Y., 34s, 1940, . 

New York, N. Y., 3*8, 1924, . 

New York, X. Y., ."..^s, 1940, . 

New York, N. Y., 3*8, 1940, . 

New York, N. Y., 3*8, 1941, . 

New York, N. Y., 3?,s, 1941, . 

New York, N. Y., 3 f ,s, 1929, . 

New York, N. Y., 3s, 1912, . 

New York, N. Y., 3s, 1911, . 
Port of Portland, Oregon, 5s, 1922, 



Book Value. 
$200,738 23 

222,209 73 
81,562 50 

171,762 50 

173,255 00 

287,991 67 
53,911 11 
18,837 50 
82,150 77 

146,655 00 
56.562 50 
37,200 00 
34,682 50 

143,266 67 
18,886 25 
19,700 00 

115,122 89 
49,282 21 

133,876 67 



Kate. Market Value. 

105 

113| 

223 

188* 

181| 

223 

105 

182 

81 
152 
100^ 
188 
136 
143| 
182| 
208" 
117*, 
100| 

991 



42,000 00 265 



308,864 84 

99,054 50 

103,816 67 

11,392 50 
11,275 00 
78,390 00 
17,085 00 
250,937 50 
100,000 00 
87,435 00 
53,437 50 
30,157 11 
25,125 00 
25,125 00 
25,689 39 
15,075 00 
10,050 00 
26,950 00 
50,000 00 
200,000 00 
48,000 00 



186- 5 

245 

106| 

1114 

106 1 
99} 

99} 
98*1 
99 
99.1 
99 
99| 
99 
99 
99 
99 
99! 
96 1 
97} 
112* 



$210,000 00 

227,750 00 

111,500 00 

188,500 00 

218,100 00 

384,675 00 

52,500 00 

18,200 00 

81,000 00 

152,000 00 

50,125 00 

37,600 00 

40,800 00 

143,625 00 

18,250 00 

20,800 00 

117,500 00 

50,125 00 

149,250 00 

92,750 00 

280,125 00 

98,000 00 

106,625 00 

11,150 00 
10,662 50 
77,415 00 
16,893 75 

248,125 00 
98,875 00 
86,130 00 
49,750 00 
26,730 00 
24,84:; 75 
24,750 00 
22,770 00 
14,850 00 
9,900 00 
24,812 50 
48,375 00 

194,500 00 
45,000 00 



300 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



Portland, Ore., 5s, 1923 

Manchester, Va., 4s, 1935, 

Railroad Bonds. 
Kansas City, Ft. Scott & Memphis 4s, 1936, 

Miscellaneous Bonds. 
Hackensack Water Co. 4s, 1952, .... 

Lake, 111., Gas Co. 6s, 1915 

N. Y. Gas, Elec. Light, Heat & Power Co. 4s, 1949, 
U. S. Steel Corporation 5s, 1963, .... 



Book Value. 


Kate. 


Market Value. 


$12,100 00 
25,031 25 


116| 
99 


$11,625 00 
24,750 00 


60,095 13 


85^ 


64,125 00 


48,875 00 
20,300 00 
48,837 50 
38,719 87 


93 

102 
89 
96 


46,500 00 
20,400 00 
44,500 00 
48,000 00 


$3,921,472 46 


$4,145,232 50 



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, 

Interest on stocks and bonds, $28,940.22 ; all other, f 284. 76, . 
Profit on sale or maturity of ledger assets, .... 



Total income, 
Ledger assets, Dec, 31, 1904, 



$163,269 32 

29,224 98 

1,790 32 

$194,284 62 
763,232 05 



Total, 1957,516 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, 

Books, blanks and stationery, . . 
Exchange, postage, express, etc., 
Underwriters' association and local boards, 

Adjusting and appraisal, 

Miscellaneous expenses, 



Total disbursements, 



Balance, 



Stocks and bonds (Schedule A), 
Cash in banks and office, . 
Agents 1 balances, 



Ledger Assets. 



i $44,355 90 

20,000 00 

36,006 27 

5,243 93 

1,800 00 

4,938 52 

638 28 

625 72 

3,600 64 

806 25 

305 01 

$118,320 52 

$839,196 15 



$801,952 21 
15,103 90 
22,140 04 



Total ledger assets, '. $839,196 15 

Non-Ledger Assets. 



Interest due and accrued on stocks and bonds, . 
Market value of stocks and bonds over book value, . 

Gross assets, 



3,317 00 
13,856 54 

$856,369 69 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



301 



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

Total admitted assets, 

Liabilities. 

Unpaid losses, including $4,000 resisted, $16,964. 82 ; less reinsur- 
ance, $11,893.92, 

Unearned premiums on outstanding risks, $141,282.02 ; plus same 
on disallowed reinsurance, $50.74, 



$131 80 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$709,834 23 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



.$44,115,370 00 
. 39,425,116 00 

. $83,540,486 00 
. 38,066,408 00 

. $45,474,078 00 
. 9,416,792 00 



$856,237 89 

$5,070 90 

141,332 76 

$146,403 66 

200,000 00 
509,834 23 

$856,237 89 



Premiums. 

$329,376 54 
280,789 08 



,165 62 
267,797 39 

$342,368 23 
79,668 30 



Net amount in force, 



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, 



Railroad Stocks. 

200 shares Baltimore & Ohio, preferred, 
1,000 " Chicago, Milwaukee & St. Paul, preferred, 

100 " Chicago & Northwestern, preferred, . 

400 " Erie, first preferred, . 

600 " Hocking Valley, preferred, 
1,000 " Reading Co., 1st preferred, 
1,000 " Southern, preferred, . 

500 " Southern (Mobile & Ohio) , 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 

State and Municipal Bonds. 
New York 3s, 1912, 
Brooklyn, N. Y., 3is, 1926, 
New York, N. Y., 3s, 1907, 
New York, N. Y., 3s, 1914, 
New York, N. Y., 3*s, 1949, 
New York, N. Y., 3js, 1937, 
New York, N. Y., 3|s, 1929, 

Railroad Bonds. 
North. Pacific & Gt. North. (C, B. & Q. Col.) 4s, 1921, 



. $36,057,286 00 


$262,699 93 






f 751, 879 00 


. . 




236,903 00 






42,108 00 


>any, . 




72,000 00 


. . 




20,000 00 


• 




5,500 00 


iD BY THE 


Company. 


Book Value. 


Rate. 


Market Value. 


$19,674 06 


98 


$19,600 00 


191,251 94 


188i 


188,500 00 


19,862 03 


245" 


24,500 00 


31,403 31 


81 


32,400 00 


53,069 83 


94 


56,400 00 


44,410 74 


92 


46,000 00 


83,000 00 


1002 


100,250 00 


45,851 83 


98 


49,000 00 


150 00 


100 


150 00 


51,233 00 


06^ 


48,375 00 


53,007 00 


100 


50,000 00 


19,949 85 


991 


19,900 00 


30,054 89 


m 


28,725 00 


28,381 48 


981 


24,718 75 


26,821 00 


99 


24,750 00 


56,275 00 


99£ 


52,602 50 


47,556 25 


m 


49,937 50 


$801,952 21 




$815,808 75 



302 



NORTHERN INSURANCE CO. OF NEW YORK. 



NORTHERN INSURANCE COMPANY OF NEW YORK, NEW YORK, N. Y. 

Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897. 

Paid-up Capital, $350,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 

Home Office, 50 Pine Street. 

Income. 
Net fire premiums, 



Interest on stocks and bonds, 

Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

Total, 

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, $1,116.29 ; other taxes and fees, $ 

Loss on sale or maturity of ledger assets, . 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 



Real estate, . 

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



Total ledger assets, 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 
Rents accrued on company's property, 
Market value of real estate over book value, 
Due from other companies for reinsurance, 



Gross assets, 

Assets not admitted 
Book value of stocks and bonds over market value, 



15,548.26 



Total admitted assets, 

Liabilities. 

Unpaid losses, $40,145.23 ; less reinsurance, $1,750.10, 
Unearned premiums on outstanding risks, $320,428.62 ; plus same 
on disallowed reinsurance, $2,320.98, 



$444,776 09 

20,640 14 

3,000 00 

',19,485 42 

$487,901 65 
677,636 57 

$1,165,538 22 



$193,261 65 

17,502 50 

161,945 81 

135 00 

4,000 00 

321 55 

16,664 55 

513 75 

418 50 

$394,763 31 

$770,774 91 



$80,000 00 

589,342 02 

38,991 41 

62,441 48 

$770,774 91 



1,764 06 

250 00 

30,000 00 

860 30 

$803,649 27 

2,410 77 
$801,238 50 

$38,395 13 
322,749 60 



NORTHERN INSURANCE CO. OF NEW YORK. 



303 



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, 



$435,295 26 



$12 50 
4,786 01 



$365,943 24 

350,000 00 
85,295 26 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $47,259,783 00 
. 56,975,158 00 

$104,234,941 00 
. 46,069,156 00 

. $58,165,785 00 
. 3,614,141 00 



1,238 50 



Premiums. 

$535,607 87 
610,037 05 

1,145,644 92 
495,097 18 

$650,547 74 
48,448 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 (5 per cent.), 

Company's stock owned by directors, 



Railroad Stocks. 
300 shares Atchison, Topeka & Santa Fe', preferred, 
1,000 " Pennsylvania, 
200 " Southern, preferred, . 
300 " Union Pacific, preferred, . 

Municipal Bonds. 
New York, N. Y., 3hs, 1954, . 
New York, N. Y., 3ls, 1915, . 
New York, N. Y., 3is, 1916, . 

Railroad Bonds. 
Ann Arbor 4s, 1995, .... 
Atchison, Topeka & Santa Fe adjustment 4s, 1995, 
Atchison, Topeka & Santa Fe' 4s, 1955, 
Atlantic Coast Line (L. & N. Col.) 4s, 1952, 
Baltimore & Ohio (Southwestern Div.) 3ls, 1925, 
Central Pacific 1st ref. 4s, 1949, . 
Lake Shore & Michigan Southern 4s, 1928, 
New York Central & Hudson River 4s, 1934, 
Nor. Pacific-Gt. Northern (C, B. & Q. Coll.) 4s, 1921 
Oregon Short Line 4s, 1927, . 
Southern Pacific 4s, 1955, 



. $54,551,644 00 


$602,099 47 




. $2,443,226 00 


. 


. 1 


1,442,250 00 


. 




209,571 00 


any, . 




48,250 00 

17,500 00 

142,300 00 


D BY THE 


COMPA 


NY. 


Book Value. 


Rate. 


Market Value. 


$28,950 00 


105 


$31,500 00 


72,431 25 


143| 


71,812 50 


19,350 00 


ioo| 


20,050 00 


27,637 50 


99i 


29,850 00 


191,393 40 


100 


190,000 00 


26,580 15 


99* 


24,875 00 


26,617 72 


99j 


24,875 00 


19,480 00 


97* 


19,500 00 


18,952 50 


93| 


18,700 00 


5,017 28 


102" 


5,100 00 


19,262 22 


94 


18,800 00 


9,150 00 


91} 


9,125 00 


20,263 75 


99* 


19,900 00 


20,262 50 


99* 


19,900 00 


20,175 00 


99g 


19,950 00 


24,718 75 


99 } 


24,968 75 


19,600 00 


95j 


19,025 00 


19,500 00 


95 


19,000 00 


$589,342 02 


$586,931 25 



304 THE NORTH GERMAN FIRE INSURANCE CO. 



THE NORTH GERMAN FIRE INSURANCE COMPANY OF NEW YORK, 

NEW YORK, N. Y. 

Incorporated May 15, 1899. Commenced business June 17, 1899. 

Paid-up Capital, $200,000. 

ADOLPH LOEB, President. LOUIS L. LOEB, Secretary. 

Home Office^ 2 Liberty Street. 

Income. 

Net fire premiums, $454,362 68 

Interest on mortgage loans, f 2,180 ; bonds, $9,575 ; all other, 

$642.34, 12,397 34 

Total income, $466,760 02 

Ledger assets, Dec. 31, 1904, . 511,127 35 

Total, |977,887 37 

Disbursements. 

Net amount paid for fire losses, $239,560 92 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, 89,897 72 

Salaries, fees, etc., of officers and employees, 4,279 39 

Rents, 1,394 53 

Taxes and fees, 11,475 50 

Printing and stationery, 895 17 

Advertising and subscriptions, 1,051 50 

Maps 987 00 

Traveling expenses, 1,033 52 

Board and fire patrol, 6,234= 66 

All other disbursements, 981 85 

Total disbursements, $369,791 76 

Balance, $608,095 61 

Ledger Assets. 

Mortgages, $48,500 00 

Bonds (Schedule A) 369,898 13 

Cash in banks and office, 43,015 00 

Agents' balances, 116,682 48 

Certificate of deposit, 30,000 00 

Total ledger assets, . $608,095 61 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $936.21; bonds, $3,012.51, 3,948 72 

Gross assets, $612,044 3$ 

Assets not admitted. 

Book value of bonds over market value, 24,461 88 

Total admitted assets, $587,582 45- 



THE NORTH GERMAN FIRE INSURANCE CO. 



305 



Liabilities. 

Unpaid losses, including f 1,494.02 resisted, $37,815.47; less re- 
insurance, 16,494.95, 

Unearned premiums on outstanding risks, . 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



|271,893 97 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$33,962,199 00 
. 54,479,255 00 



$31,320 52 
284,367 96 

f315,688 48 

200,000 00 
71,893 97 

$587,582 45 



-Premiums. 

f520,392 62 
878,099 83 



,441,454 00 $1,398,492 45 
42,935,540 00 666,290 79 



. $45,505,914 00 
. 10,541,144 00 



f732,201 66 
166,138 00 



. $34,964,770 00 $566,063 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 (6 per cent.), 

Company's stock owned by directors, 



$1,618,637 00 

862,000 00 

234,718 00 

24,000 00 

12,000 00 

198,000 00 



Schedule A. Stocks and Bonds owned by the Company 



Government and Municipal Bonds 
United States 2s, 1930, . 
New York, N. Y., 2±s, 1909-29, 
New York, N. Y., 3£s, 1928, . 
New York, N. Y., ?>U, 1929, . 
New York, N. Y., 3ls, 1940, . 

Railroad Bonds. 
Atch., Top. & Santa Fe general mortgage 4s, 1995, 
Atch., Top. & Santa Fe adjustment 4s, 1995, 

Baltimore & Ohio 4s, 1948, 

Central Pacific 1st refunding 4s, 1949, . 
Chicago, Rock Island & Pacific 4s, 1988, 
Cleveland, Cincinnati, Chicago & St. Louis 4s, 1993, 
Cleveland, Cincinnati, Chicago & St. Louis 4s, 1993, 

Erie prior lien 4s, 1996, 

Metropolitan West Side Elevated 4s, 1938, . 
Metropolitan West Side Elevated 4s, 1938, . 
Metropolitan West Side Elevated 4s, 1938, . 
Missouri, Kansas & Texas 1st mortgage 4s, 1990, . 

Norfolk & Western 4s, 1996, 

Northern Pacific 4s, 1997, 

Reading Co. & Pa. & Reading Coal & Iron Co. 4s, 1997 
South Side Elevated 4?,s, 1924, .... 

Union Pacific 4s, 1947," 

Wisconsin Central 4s, 1949 



Book Value. 
$26,447 79 
89,670 00 
54,812 50 
54,812 50 
22,602 09 

5,732 50 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,067 50 
5,000 00 
5,000 00 
9,784 72 
4,888 47 
9,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,266 25 
27,156 25 
4,657 56 

$369,898 13 



Kate. 

102| 
83i 
99| 
99:| 
99 

101 1 

93i 

102| 

99* 

103f 

102| 

102^ 

99l 

93* 

93* 

93* 

99" 

lOO^s 

104| 

101$ 

103j 

104^ 

93 



Market Value. 
$25,593 75 
81,830 00 
49,625 00 
49,625 00 
19,800 00 

5,053 75 
4,675 00 
5,125 00 
4,975 00 
5,187 50 
5,143 75 
5,143 75 
4,962 50 
9,350 00 
4,675 00 
8,415 00 
4,950 00 
5,025 00 
5,212 50 
5,068 75 
5,162 50 
26,187 50 
4,650 00 



$345,436 25 



306 



THE NORTH RIVER INSURANCE CO. 



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, 93 William Street. 

Income. 

Net fire premiums, . .$1,412,580 68 

Interest on mortgage loans, $5,173.51; collaterals, $295.11 ; stocks 

and bonds, $18,477.28; all other, $5,646.39, 29,592 29 

Rents, including company's own occupancy, 37,682 77 

Profit on sale or maturity of ledger assets, 3,137 50 

Profit and loss, . 8,699 51 

Total income, 

Ledger assets, Dec. 31, 1904, 



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, $6,268.65 ; other taxes and fees, $23,986.05, 

Loss on sale or maturity of ledger assets, . 

Maps, 

Stationery, 

Fire patrols, 

Furniture and fixtures, 

Advertising, 

Legal services, 

General expenses, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $473,930.63 ; mortgages, $154,900, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks, ...... 

Agents' balances, ..... 

Counter premiums in course of collection, 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,291.45; stocks and bonds, $2,382.90 ; collateral 

loans, $120 

Rents accrued on company's rjropert}-, 

Due from other companies for reinsurance, 

Gross assets, 



$1,491,692 75 
1,494,317 36 

$2,986,010 11 



$522,943 15 

32,212 75 

384,530 27 

104,930 89 

15,416 67 

8,249 12 

30,254 70 

2,042 70 

4,172 35 

8,488 93 

3,955 50 

10,915 11 

361 37 

766 02 

19,487 01 

$1,148,726 54 

$1,837,283 57 



$628,830 63 
9,000 00 
667,552 87 
187,171 00 
230,697 75 
114,031 32 

$1,837,283 57 



4,794 35 

3,050 66 

1,972 18 

$1,847,100 76 



THE NORTH RIVER INSURANCE CO. 



307 



Assets not admitted. 

Agents' balances over three months due, . . . $21,869 72 

Special deposits less $27,152.85 liability thereon, . 8,597 15 

Book value of stocks and bonds over market value, . 32,565 37 

Due from unauthorized companies for reinsurance, . 555 57 

Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $8,975 resisted, $105,192.38; less rein- 
surance, $19,811.10, 

Unearned premiums on outstanding risks, $820,530.65 ; plus same 
on disallowed reinsurance, $13,160.30 

Dividends due stockholders, 

Commissions and other charges due agents and brokers, . 

Due for return premiums, $12,852.64 ; reinsurance, $10,233.06, 



!3,587 81 



$1,783,512 95 



,381 28 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$748,984 63 



Total liabilities, 



863,690 95 

4,478 25 

27,892 14 

53,085 70 

$1,034,528 32 

350,000 00 
398,984 63 

$1,783,512 95 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$136,163,601 00 

. 185,201,189 00 

$321,364,790 00 

. 137,199,274 00 

$184,165,516 00 

. 46,587,551 00 



Premiums. 

$1,386,059 49 
2,005,095 51 

$3,391,155 00 
1,410,359 29 

$1,980,795 71 
463,997 05 



$137,577,965 00 $1,516,798 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 (9 per cent.), . 
Company's stock owned by directors, 

Schedule A. Securities held as Collate 



17 shares Chicago, Milwaukee & St. Paul R'y Co., 
100 " Southern R'y Co., common, 
American Spirits Manufacturing Co. 6s, 1915, 





. 89,935,198 00 
. 4,375,891 00 

536,428 00 

. 2,840,250 00 

31,500 00 

142,025 00 


ATP 


:ral. 




Company's 
Market Value 


Loaned 
Thereon. 


$ 


3,089 75 
3,575 00 
5,075 00 


| 89,000 00 



811,739 75 89,000 00 

Schedule B. Stocks and Bonds owned by the Company. 

Stocks. Book Value. Rate. Market Value. 

100 shares St. Louis & San Francisco, 1st preferred, . 88,275 00 66 $6,600 00 

20 " Washington Trust Co., New York, . . 8,000 00 425 8,500 00 

Government and Municipal Bonds. 

United States 4s, 1925, 36,475 00 130 35,750 00 

United States 4s, 1907, 119,034 38 102 117,300 00 



308 



NORTHWESTERN 



coupons 3s, 1918, 
Y., 2±s, 1929, 
Y., 3Js, 1915, 
Y., 3*s, 1915, 
Y., 3hs, 1916, 
Y., 3s, 1914, 
Y., 3s, 1925, 
Y., 3s, 1920, 
Y., 3s, 1914, 
Y., 34s, 1928, 
Y., 3|s, 1929, 



United States 
New York, N. 
New York, N. 
New York, N. 
New York, N. 
New York, N. 
New York, N. 
New York, N. 
New York, N. 
New York, N. 
New York, N. 

Railroad Bonds. 
Missouri Pacific 5s, 1920, 



N 


NATIONAL INSURANCE CO. 






Book Value. 


Kate. 


Market Value. 




$51,843 75 


1021 


$51,250 00 










89,230 48 


m 


83,500 00 










30,000 00 


99* 


29,850 00 




- 






49,845 41 


991 


46,765 00 










35,154 42 


99| 


32,835 00 










27,704 75 


95| 


26,331 25 










22,667 51 


911 


20,643 75 










49,882 88 


93* 


46,750 00 










14,680 99 


95| 


14,362 50 










55,263 70 


99i 


49.625 00 










44,198 77 


99J; 


39,700 00 




16,087 50 


105* 


15,825 00 


Jul'f Div.) 4s,' 1933 


9,208 33 


94^ 


9,400 00 










$667,552 87 


$634,987 50 



NORTHWESTERN NATIONAL INSURANCE COMPANY OF MILWAUKEE, 

WISCONSIN, MILWAUKEE, WIS. 

Incorporated Feb. 20, 1869. Co,,, fenced business July 1, 1869. 

Paid-up Capital, $600,000. 

WILFORD M. PATTON, President. JOSEPH HUEBL, Secretary. 

Home Office, 87 Michigan Street. 

Income. 
Net fire premiums, $1,563,222.23; marine, $21,959.44, . . .$1,585,18167 
Interest on mortgage loans, $43,693.65; bonds, $98,352.98; all 

other, $2,687.93, 144,734 56 

Profit on sale or maturity of ledger assets, 12,381 25 



Total income, 
Ledger assets, Dec. 31, 1904, 



$1,742,297 48 
3,767,674 67 



Total, $5,509,972 15 

Disbursements. 
Net amount paid for fire losses, $544,575.80 ; marine, $15,335.86, 



Interest and dividends to stockholders, 

Commissions or brokerage, 

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

Rents, 

Real estate taxes, $831.72; other taxes and fees, $ 60,397 
Loss on sale or maturity of ledger assets, . 

Profit and loss, 

Postage, 

Expense, 

Agency expense, . 

Stationery and supplies, 

Miscellaneous, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $203,144.26 ; mortgages, $1,050,900, 

Bonds (Schedule A) 

Cash in banks and office, 

Agents 1 balances, . .... 

Total ledger assets, ...... 



17, 



$559,911 66 

90,000 00 

426,574 77 

149,410 40 

14,405 00 

61,228 89 

860 13 

630 11 

11,648 44 

13,864 06 

30,161 47 

12,573 51 

2,687 41 

$1,373,955 85 

$4,136,016 30 



. $1,254,044 26 

. 2,471,974 99 

207,659 12 

202,337 93 

. $4,136,016 30 



NORTHWESTERN NATIONAL INSURANCE CO. 



309 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $7,599.82; bonds, $10,708.29, 

Market value of bonds over book value, 

Gross assets, 

Assets not admitted. 
Special deposits less $1,0-48.77 liability thereon, . 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $12,700 resisted, $96,358; less reinsur- 
ance, $9,298.41, . . 

Unearned premiums on outstanding risks, $1,895,936.85 ; plus same 
on disallowed reinsurance, $1,255.12, 

Conflagration reserve, 

Miscellaneous, 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



$1,776,739 09 



Total liabilities, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 

Total, ...... 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1905, 
Risks expired and terminated, . 

In force at end of year, 



$354,017,736 00 
. 180,726,662 00 

$534,744,398 00 
. 147,006,474 00 

$387,737,924 00 
. 16,134,883 00 



$18,308 11 

13,247 51 

$4,167,571 92 

50,138 73 

$4,117,433 19 

$87,059 59 

1,897,191 97 

350,000 00 

6,442 54 

$2,340,694 10 

600,000 00 

1,176,739 09 

$4,117,433 19 



Premiums. 

$3,408,066 54 
1,773,321 33 

$5,181,387 87 
1,468,702 72 

$3,712,685 15 
155,089 32 



$371,603,041 00 $3,557,595 83 



$1,236,857 00 
4,800 00 



22,948 71 
261 00 



$1,232,057 00 $22,687 71 



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, . . 

Schedule A. Bonds owned by the Company. 

Government and Municipal Bonds 
United States 2s, 1930, 



$23,854,596 

11,095,598 

535,030 

28,131 

2,004,000 

174,000 

90,000 00 

208,800 00 



00 
00 
00 
00 
00 
00 



Chicago, 111., Sanitary District 5s 
Milwaukee, Wis., 4s, 15)07, . 
Milwaukee, Wis., 5s, 
Waukesha, Wis., 5s, 1910, . 



1908, 



Book Value. 

$103,699 18 

52,526 36 

2,028 14 

23,593 27 

32,200 00 



Rate. 
102^ 
102} 

1(H).' 

im 

103" 



Market Value. 

$102,375 00 

51,125 00 

2,010 00 

24,750 00 

30,900 00 



310 



ORIENT INSURANCE CO. 



Railroad Bonds. 
Atchison, Top. & Santa Fe general mortgage 4s, 1995, 

Baltimore & Ohio 4s, 1948, 

Baltimore & Ohio 3^s, 1925, 

Chicago & Alton 3As, 1950, 

Chicago, Burlington & Quincy (111. Div.) 4s, 1949, 
Chicago & Eastern 111. 5s, 1937, .... 
Chicago, Milwaukee & St. Paul 4s, 1989, 
Chicago, Mil. & St. Paul (Chi. &Pac. Div.) 6s, 1910, 
Chicago, Mil. & St. Paul (M. & N. Div.) 6s, 1913, 
Chic. & No. (Chic, St. P., Minn. & O. Div.) 6s, 1930, 
Chic. & Northwestern (Mil., L. S. & W. Div.) 6s, 1921 
Chicago & Northwestern (N. W. Union) 7s, 1917, 
Chicago & Northwestern 5s, 1933, .... 
Chicago, Rock Island & Pacific 4s, 1934, 
Chicago & Western Indiana 4s, 1952, . 
Elgin, Joliet & Eastern 5s, 1941, .... 
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939, 
Lake Shore & Michigan Southern 4s, 1928, . 
Mason City & Ft. Dodge 4s, 1955, .... 
Norfolk & Western-Pocahontas joint 4s, 1941, 
Northern Pac.-Great No. (C, B. & Q. Coll.) 4s, 1921, 

Northern Pacific 4s, 1997, 

Pittsburg, Cincinnati, Chicago & St. Louis 4s, 1945, 

Southern Pacific 4s, 1955, 

Southern 5s, 1994, 

Union Pacific 4s, 1947, 

Wisconsin Central 4s, 1949, 



Book Value. 

$89,463 25 

47,813 18 

50,288 89 

82,937 50 

107,514 17 

120.262 50 
104,012 48 

58,962 50 
53,750 00 

140,075 70 
58,000 00 
71,324 45 
61,837 50 
96,375 49 

100,150 41 
57,234 75 
57,250 00 

100,000 00 
91,398 22 
94,073 10 
46,593 75 

102,750 00 

107,132 70 
72,278 75 

101.263 75 
94,937 50 
90,247 50 



Rate. 

1015 

102! 

94| 

78| 

1061 

117" 

1091 

107| 

1121 

1341 

125f 

128:| 

115 

941 

99" 

1171 

110" 

991 

90" 

93* 

99| 

104:| 

102* 

95^ 

118 

104| 

93 



Market Value. 

$101,875 00 

51,250 00 

47,125 00 

78,250 00 

106,500 00 

117,000 00 

109,500 00 

53,687 50 

56,250 00 

134,500 00 

62,562 50 

64,125 00 

57.500 00 

94,500 00 

99,000 00 

58,750 00 

55,000 00 

99,500 00 

90,000 00 

93,500 00 

49,937 50 

104,250 00 

102,500 00 

71,250 00 

118,000 00 

104,750 00 

93,000 00 



5,471,974 99 



$2,485,222 50 



ORIENT INSURANCE COMPANY, HARTFORD, CONN. 

Incorporated June 28, 1867. Commenced business January, 1872. 

Paid-up Capital, $500,000. 

ARCHIBALD G. McILWAINE, Jr., President. JAMES WYPER, Secretary. 

Home Office, 20 Trinity Street. 

Income. 

Net fire premiums, • .$1,123,720 89 

Interest on stocks and bonds, $64,498.59 ; all other, $6,794.28, . 71,292 87 



Total income, 
Ledger assets, Dec. 31, 1904, 



51,195,013 76 

2,196,247 72 



Total, $3,391,261 48 

Disbursements. 

Net amount paid for fire losses, $534,776.05 ; marine, $145.44, 



Interest and dividends to stockholders, 

Commissions or brokerage, 

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

Rents, 

Real estate taxes, $1,080 ; other taxes and fees, $28,149.99, 
Loss on sale or maturity of bonds, ..... 

Stationery, printing and advertising, 

Local boards and maps, ....... 

All other office and agency expenses, .... 

Total disbursements, 

Balance, 



Real estate, .... 
Stocks and bonds (Schedule A), 



Ledger Assets. 



$534,921 49 

100,000 00 

248,000 61 

59,617 64 

4,372 00 

29,229 99 

924 20 

10,463 66 

19,242 06 

27,550 40 

$1,034,322 05 

$2,356,939 43 



$134,867 55 
1,661,422 21 



ORIENT INSURANCE CO. 



311 



Cash in banks and office, 

Agents 1 balances, 

Bills receivable, not matured, 

All other ledger assets, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On stocks and bonds, $26,553.10; other assets, $333.33, 
Market value of stocks and bonds over book value, . 
Due from other companies, 

Gross assets, 

Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $40,878.71 liability thereon, 
Due from unauthorized companies, . . 

Total unadmitted assets, — 



$372,416 95 

188,106 30 

39 13 

87 29 

$2,356,939 43 



26,886 43 

70,696 04 

3,223 44 

. $2,457,745 34 



} 11,754 83 

67,950 42 

1,966 30 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $12,285 resisted, $110,963; less rein- 
surance, $24,310.59, 

Unearned premiums on outstanding risks, $996,152.09, plus same 
on disallowed reinsurance, $1,336.02, 

Salaries and other miscellaneous expenses, due or accrued, 

Due for return premiums, $727.90 ; reinsurance, $7,690.45, . 



81,671 55 
1,376,073 79 



$86,652 41 

997,488 11 
3,798 09 
8,418 35 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



. $1,279,716 83 



. $1,096,356 96 



500,000 00 
779,716 83 



. $2,376,073 79 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . $170,987,703 00 $2,000,500 30 
Fire risks written during 1905, 133,808,125 00 1,614,722 18 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$304,795,828 00 $3,615,222 48 
. 119,399,221 00 1,485,786 24 



$185,396,607 00 $2,129,436 24 
. 19,917,647 00 239,259 97 



$165,478,960 00 $1,890,176 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, . 
Stock dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), . 
Company's stock owned by directors, 



$27,631,045 00 

17,110,719 00 

504,856 00 

1,640,000 00 

100,000 00 

100,000 00 

5,500 00 



312 



ORIENT INSURANCE CO. 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
31 shares Chicago, Burlington & Quincy, 
84 " Cincinnati Northern, common, 
1,126 " New York, New Haven & Hartford, 

Bank Stocks. 
113 shares City, Hartford, Conn., 
60 " First National, Norwich, Conn., 
152 " Mercantile National, Hartford, Conn 

Miscellaneous Stocks. 
10 shares Underwriters' Salvage Co 

Government Bonds. 
United States 4s, 1925, . 

State, County and Municipal Bonds. 
Connecticut 3s, 1910, .... 

Georgia 4is, 1915, 

Massachusetts 3is, 1935, 

Glynn County, Georgia, 5s, 1925, . 

Finney County, Kansas, 6s, 1919, . 

Middletown, Conn., 3is, 1921, 

New Britain, Conn., 4s, 1933, 

New Haven, Conn., 4s, 1910, 

New London, Conn., 4s, 1924, 

South Norwalk, Conn., 4s, 1925, . 

Stamford, Conn., 4s, 1924, 

Waterbury, Conn., 3Js, 1911-1915-1924, 

Willimantic, Conn., 4s, 1925, 

Alexandria, Ind., 6s, 1906-1910, . 

Rutland & Grafton District, 111., 6s, 1893, 

Rochester, N. Y., %, 1913-1933, . 

Schenectady, N. Y.; 4s, 1917-1918-1923, 

Watertown, N. Y., 3is, 1922, 

Yonkers, N. Y., 4s, 1923, 

Beaver, Neb., 6s, 1908, . 

Stanton, Neb., 6s, 1907, . 

Fayetteville, N. C, 5s, 1926, 

Portland, Ore., 5s, 1923, 

Sioux Falls, S. D., 7s, 1907, 

Norfolk, Va., 5s, 1917, . 

Richmond, Va., 8s, 1907-1909, 

Railroad Bonds. 
Atch,, Top. & Santa Fe' general mortgage 4s, 1995, 
Atch., Top. & Santa Fe adjustment 4s, 1995, 
Atlantic Coast Line 4s, 1952, 
Central of Georgia (Macon & N. Div.) 5s, 1946, 
Central of New Jersey 5s, 1987, 
Chicago, Burlington & Quincy (111. Div.) 3is, 1949, 
Chicago, Mil. & St. Paul (C. & P. W. Div.f 5s, 1921, 
Chicago, Rock Island & Pacific 4s, 1988, 
Cincinnati, Dayton & Ironton 5s, 1941, 
Cincinnati Northern 4s, 1951, 
C, C, Cincinnati & Indianapolis 7s, 1914, . 
C, C, Cincinnati & Indianapolis 6s, 1934, . 
Cleveland Terminal & Valley 4s, 1995, . 
Columbus & Toledo 4s, 1955, 
Dayton & Michigan 5s, 1911, 
Detroit, Grand Rapids & Western 4s, 1946, . 
East Tennessee, Virginia & Georgia 5s, 1956, 
Georgia R R. & Banking Co. 5s, 1922, . 
Illinois Central (Louisville Div.) 3is, 1953, . 
Kanawha & Michigan 4s, 1990, 
Lehigh & New York 4s, 1945, 
Lehigh Valley Terminal 5s, 1941, 
Minneapolis & St. Louis 5s, 1934, 
Minneapolis & St. Louis 4s, 1949, 
Morris & Essex 7s, 1915, 
Norfolk & Western 4s, 1996, . 



Book Value. 

$3,100 00 

9,797 21 

140,271 75 

14,451 00 
8,775 00 
1,491 65 



Rate. 

200 

20 

1961 

94 

80 



1,000 00 100 
13,537 50 130 



Market Value. 

$6,200 00 

1,680 00 

220,997 50 

10,622 00 
4,800 00 

_ * 



1,000 00 
13,000 00 



5,020 00 


100 


5,000 00 


26,750 00 


111* 


27,875 00 


224,000 00 


104| 


209,250 00 


10,000 00 


112 


11,200 00 


10,825 00 


110 


11,000 00 


12,000 00 


97^ 


11,670 00 


27,375 00 


1051 


26,375 00 


10,268 00 


101 


10,100 00 


5,382 00 


106 


5,300 00 


26,903 00 


106 


26,500 00 


27,100 00 


104 


26,000 00 


5,000 00 


98 


4,900 00 


20,723 00 


104 


20,800 00 


7,656 00 


103 


7,725 00 


1,000 00 


100 


1,000 00 


25,250 00 


101 


25,250 00 


23,330 60 


105J 


23,292 50 


4,966 50 


100| 


5,031 25 


26,742 50 


105 1 


26,406 25 


4,850 00 


101' 


5,050 00 


7,760 00 


102| 


8,190 00 


10,000 00 


102 


10,200 00 


57,500 00 


116i 


58,125 00 


13,780 00 


1021 


13,325 00 


20,700 00 


1044 


20,850 00 


33,035 45 


107f 


25,830 00 


9,850 62 


101£ 


10,187 50 


4,000 00 


93i 


3,740 00 


23.250 00 


100" 


25,000 00 


18,500 00 


113 


22,600 00 


80.600 00 


131| 


85,637 50 


48,625 00 


94| 


52,112 50 


58,657 50 


113 


56,500 00 


20,329 20 


103f 


20,750 00 


9,550 00 


113| 


11,337 50 


2,000 00 


86 


1,720 00 


31.880 00 


120 


30,000 00 


10,270 00 


131^ 


13,125 00 


10,000 00 


100 


10,000 00 


15,602 50 


101 


13,130 00 


26,250 00 


102 


25,500 00 


9,790 37 


941 


9,450 00 


14,286 67 


118| 


17,737 50 


11,112 50 


107 


10,700 00 


19,000 00 


94 


18,800 00 


20,250 00 


95 


23,750 00 


9,075 00 


96 


9,600 00 


13,080 00 


118* 


14,220 00 


10,471 50 


1121 


11,250 00 


20,000 00 


96 " 


19,200 00 


12,500 00 


125| 


12,575 00 


9,325 19 


1001 


10.050 00 



* Value indeterminable. 



PAWTUOKET MUTUAL FIRE INSURANCE CO. 



313 



Ohio & West Virginia 7s, 1910, 
Philadelphia & Reading Terminal 5s, 1941, 
Pittsburg, Cleveland & Toledo 6s, 1922, 
Richmond & Danville 5s, 1927, 
St. Louis, Iron Mountain & Southern 5s, 1931, 
Savannah, Florida & Western 5s, 1934, 
Seaboard & Roanoke 5s, 1926, 

Southern 5s, 1994, 

Terre Haute & Logansport 6s, 1910, 

Vermont Valley 5s, 1910, 

West Chicago Street Ry. Tunnel 5s, 1909, 

West Shore 4s, 2361 

Willmar & Sioux Falls 5s, 1938, . 

Miscellaneous Bonds. 
First Baptist Church, Nashville, Tenn., 5s, 1906, 



Book Value. 


Rate. 


Market Value. 


S3, 547 50 


109 


$3,270 00 


10,462 50 


123 


12,300 00 


10,525 00 


120 


12,000 00 


11,000 00 


110 


11,000 00 


27,687 50 


1145 


28,718 75 


10,462 50 


1161 


11,637 50 


20,650 00 


llOi 


22,100 00 


55,165 00 


118 


59,000 00 


4,425 00 


103 


4,120 00 


25,125 00 


1041 


26,125 00 


10,100 00 


100 


10,000 00 


90,800 00 


106* 


84,300 00 


16,425 00 


119 


17,850 00 


6,500 00 


100 


6,500 00 


SI, 661, 422 21 




$1,732,118 25 



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, $103,022.32; extra premiums, 8618. 12, . . . $103,640 44 
Interest on mortgage loans, $2,727.72; stocks and bonds, $ 10,955; 

allother, $2,193.19 15,875 91 



Total income, 
Ledger assets, Dec. 31, 1904, 

Total, .... 



Disbursements. 



Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

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

Rents, 

Real estate taxes, $257.40 ; other taxes and fees, $2,228.45, 
Adjusting, .... 
All other disbursements, 

Total disbursements, . 

Balance, 

Ledger Assets. 

Real estate, $23,471.07 ; mortgages, $42,250, . 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Deposits in savings banks and trust companies, 

Total ledger assets, 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, 

Gross assets, 



$119,516 35 
432,152 98 

$551,669 33 



,746 42 

33,207 43 

14,750 91 

6,988 58 

1,790 00 

2,485 85 

655 62 

4,042 76 

$114,667 57 

$437,001 76 



$65,721 07 

304,940 50 

5,655 78 

7,415 20 

53,269 21 

$437,001 76 

13,094 00 
$450,095 76 



314 THE PELICAN ASSURANCE CO. 



Assets not admitted. 
Agents 1 balances over three months due, $1,307 01 



Total admitted assets, $448,788 75 

Liabilities. 

Unpaid losses, including $2,300 resisted, $4,081 89 

Unearned premiums on outstanding risks, 190,790 31 

Dividends due policy holders, 1,526 95 

Taxes accrued, 1,475 45 



All liabilities, except surplus, $ 197,874 60 

Surplus, 250,914 15 



Total liabilities, $448,788 75 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, . $26,362,672 00 $374,280 39 $374,280 39 

Risks written during 1905, . . 7,855,203 00 115,960 00 115,960 00 

Total, $34,217,875 00 $490,240 39 $490,240 39 

Risks expired and terminated, . . 7,671,132 00 110,963 88 110,963 88 



In force at end of year, . . .$26,546,743 00 $379,276 51 $379,276 51 
Amount reinsured, .... 303,780 00 4,023 66 



Net amount in force, . . . $26,242,963 00 $375,252 85 

Miscellaneous. 

Losses incurred during the year, $52,275 00 

Profits or surplus returned during 1905, 20, 30, 40 and 50 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

50 shares New York, Lackawanna & Western, . . $7,037 50 136 $6,800 00 

280 " Pennsylvania, 19,311 25 143§ 20,107 50 

49 " Providence & Worcester, .... 4,704 00 298 14,602 00 

50 " Rome, Watertown & Ogdensburg, . . 7,037 50 134 6,700 00 

T^i CI Tin SsfOPJf^ 

50 shares Slater Trust Co., Pawtucket, R. I., . . 7,600 00 225 11,250 00 

Miscellaneous Stocks. 
10 shares Amer. Screw Co., Providence, R. I., . . 1,000 00 127^ 1,275 00 

Bonds. 

United States 4s, 1925, 217,883 75 130 219,700 00 

Rhode Island 3s. 1941, 20,966 50 96 19,200 00 

Rhode Island Suburban Ry. 4s, 1950, .... 19,400 00 92 18,400 00 



$304,940 50 $318,034 50 



THE PELICAN ASSURANCE COMPANY, NEW YORK, N. Y. 
Incorporated March 7, 1899. Commenced business May 1, 1S99. 

Paid-up Capital, $200,000. 
A. D. IRVING, President. A. D. IRVING, JR., Secretary. 

Home Office, 47 Cedar Street. 

Income. 

Net fire premiums, f 286,293 95 

Interest on bonds, 13,779 34 



Total income, $300,073 29 



THE PELICAN ASSURANCE CO. 

i 

Ledger assets, Dec. 31, 1904, 

Total, 

Disbursements. 

Net amount paid for fire losses, 

Commissions or brokerage, ...... 

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

Rents, 

Taxes and fees, 

Miscellaneous expenses, 



315 

,412 84 



Total disbursements, 
Balance, 



1789,486 13 



$179,309 23 

65,919 22 

6,198 24 

435 36 

8,455 91 

8,279 84 

$268,597 80 

$520,888 33 



Bonds (Schedule A), . 
Cash in banks, 
Agents' balances, 



Ledger Assets 



$457,253 63 

33,683 17 

29,951 53 

Total ledger assets, 1520,888 33 



Non-Ledger Assets. 
Interest due and accrued on bonds, . 
Due from other companies for reinsurance, 



Gross assets, 



Assets not admitted. 

Agents' balances over three months due, . 
Book value of bonds over market value, . 

Total unadmitted assets, 



$741 88 
9,259 88 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $1,491 resisted, $21,962; less reinsur- 
ance, f 1,186, . 

Unearned premiums on outstanding risks, 

Salaries and other miscellaneous expenses, due or accrued, 

Due for reinsurance premiums, 



3,144 85 
51 53 

$524,084 71 



10,001 76 
$514,082 95 



$20,776 00 

190,458 57 

423 12 

3,141 05 

$214,798 74 

200,000 00 
99,284 21 

Total liabilities, ... $514,082 95 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$299,284 21 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$41,307,945 00 
. 35,863,541 00 

.$77,171,486 00 
. 35,801,155 00 

.$41,370,331 00 
. 6,059,807 00 



Premiums. 

$436,298 52 
400,872 83 

$837,171 35 
400,235 05 

$436,936 30 
69,020 72 



.$35,310,524 00 $367,915 58 



316 



PENNSYLVANIA FIRE INSURANCE CO. 



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, 



§1,478,415 00 

859,957 00 

172,006 00 

6,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Government and Municipal Bonds. 
United States 2s, 1930, . 
Brooklyn, N. Y., 34s, 1937, 
Brooklyn.-N. Y., 3ls, 1926, 
Brooklyn, N. Y., 3$s, 1927, 
Brooklyn, N. Y., 34s, 1925, 
Brooklyn, N. Y., 3|s, 1922, 
Brooklyn, N. Y., 3|s, 1923, 
Brooklyn, N. Y., 3Js, 1921, 
Brooklyn, N. Y., 3|s, 1924, 
Brooklyn, N. Y., 3|s, 1928, 
Brooklyn, N. Y., 3is, 1925, 
New York, N. Y., 3|s, 1954, 

Railroad Bonds. 
Atch., Top. & Santa Fe general mortgage 4s, 1995, 
Baltimore & Ohio prior lien 3is, 1925, . 
Chicago, Milwaukee & St. Paul 4s, 1989, 
Gt. North., North. Pac. (C, B. & Q. Coll.) 4s, 1921, 
N. Y. Central & H. R. (Lake Shore Coll.) 3is, 1998, 
Union Pacific 4s, 1947, 



Book Value. 

$204,000 00 

8,229 76 

6,615 78 

4,419 82 

11,004 31 
9,823 12 
9,845 62 
9,800 62 
9,867 23 
5,525 34 
7,690 66 

14,990 83 

30,622 08 
24,168 75 
22,177 44 
24,240 83 
34,192 50 
20,039 44 

$457,253 63 



Kate. 

102 1 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

ion 

94^ 

109i 

99| 

88i 

104| 



Market Value. 

$204,750 00 
7.825 00 
6,000 00 
4,000 00 
10,000 00 
9,000 00 
9,000 00 
9,000 00 
9,000 00 
5,000 00 
7,000 00 
15,000 00 

30,562 50 
23,562 50 
21,900 00 
24,968 75 
30,975 00 
20,950 00 

$447,993 75 



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. 



. $2,957,451 34 
36,899 13 



Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $28,337. 95 ; collaterals, $8,317.95 ; stocks 
and bonds, $202,866.48; all other, $1,687.53, .... 241,20991 

Rents, 5,426 99 

Profit on sale or maturity of ledger assets, 11,342 27 

From all other sources, 867 54 

Total income, $3,253,197 18 

Ledger assets, Dec. 31, 1904 6,331,121 39 

Total, $9,584,318 57 

Disbursements. 

Net amount paid for fire losses, f 1,445,465 99 

Deposit premiums returned, 28,360 73 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 593,446 71 

Salaries, fees, etc., of officers and employees, 180,000 00 

Repairs and expenses on real estate, ....... 2,608 22 

Real estate taxes, f 3,48 1.33 ; other taxes and fees, $78,350.92, . 81,832 25 



PENNSYLVANIA FIRE INSURANCE CO. 317 

Loss on sale or maturity of ledger assets, $4,956 01 

All other disbursements, 186,056 67 



Total disbursements, $2,642,726 58 

Balance, $6,941,591 99 

Ledger Assets. 

Real estate, f 217,221. 62; mortgages, $641,900, .... $859,12162 

Loans secured bv collateral (Schedule A), 561,200 00 

Stocks and bonds (Schedule B), 4,922,478 62 

Cash in banks and office, 136,423 67 

Agents 1 balances, 462,368 08 



Total ledger assets, $6,941,59199 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $4,521.10; collateral loans, $4,515.80, . . . 9,036 90 

Market value of stocks and bonds over book value, . . . . 106,772 88 



Gross assets, $7,057,401 77 

Assets not admitted. 

Agents 1 balances over three months due, . . . $20,438 96 

Special deposits less $48,864.83 liability thereon, . 40,110 17 

Book value of real estate over market value, . . 74,721 62 

Total unadmitted assets, 135,270 75 



Total admitted assets, $6,922,131 02 

Liabilities. 

Unpaid losses, including $11,608.73 resisted, $218,671.36; less rein- 
surance, $17,921, $200,750 36 

Unearned premiums on outstanding risks, 2,545,005 64 

Reclaimable on perpetual fire policies, 884,207 08 



All liabilities, except capital and surplus, $3,629,963 08 

Surplus to policy holders, $3,292,167 94: 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, 2,892,167 94 



Total liabilities, $6,922,131 02 

Risks and Premiums 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Premiums. 

$503,357,977 00 $5,212,928 50 
.331,287,977 00 3,805,633 11 



$834,645,954 00 $9,018,561 61 
. 297,054,566 00 3,545,677 96 



$537,591,388 00 $5,472,883 65 
. 54,758,810 00 537,668 84 



Net amount in force $482,832,578 00 $4,935,214 81 

Perpetual risks in force (not included above), . .$38,901,033 00 $972,245 76 

Miscellaneous. 
Premiums received from organization of company, . . . $56,445,542 00 
Losses paid from organization of company, 28*906,619 00 



318 



PENNSYLVANIA FIRE INSURANCE CO. 



Fire losses incurred during the year, $1,445,367 00 

Cash dividends declared from organization of company, . . . 3,749,000 00 

Dividends declared during the year (30 per cent.), .... 120,00000 

Company's stock owned by directors, 64,700 00 

Schedule A. Securities held as Collateral. 



230 shares Pulaski Iron Co., 

200 " Lehigh Valley R.R., 

100 " United States Steel Co., preferred, 

100 " U. S. Cast Iron Pipe & Foundry Co., common, 

200 " United States Steel Co., preferred, 

400 " United Gas Improvement Co., . . . 

300 " Philadelphia Electric Co., .... 

Pennsylvania R.R., convertible 3^s, 1912, 

100 shares Lehigh Coal & Navigation Co., . 

200 " Philadelphia & Erie R.R 

16 " First National Bank, Shippensburg, Pa., 

30 " Corn Exchange National Bank, . 

100 " Philadelphia Co., 

Ill " United Gas Improvement Co., 

400 " United Ry. Investment Co., preferred, 

100 " Grand Rapids, Holland & Lake Mich. Rapid Ry 

5 " Provident Life & Trust Co., 
200 " United Gas Improvement Co., 
300 " American Linseed Oil Co., preferred, 
Suburban Gas Co. of Philadelphia 5s, 1952, . 
St. Louis, Iron Mountain & Southern Ry. 5s, 1931 
245 shares Lehigh Coal & Navigation Co., . 
West Jersey & Sea Shore 3is, 1936, 
100 shares Lehigh Coal & Navigation Co., . 
Chicago, Rock Island & Pacific R.R. 4s, 1988, 

100 shares Real Estate Trust Co 

100 " United Gas Improvement Co., 

Southern Ry. 5s, 1994 

Norfolk & Western (Pocohontas joint) 4s, 1941, 
200 shares United Gas Improvement Co., 
100 " Lehigh Coal & Navigation Co., . 

25 " Real Estate Trust Co., . 

62 " Real Estate Trust Co., . 
200 " Electric Storage Battery, preferred, 
Equitable Illuminating Gas Light Co. 5s, 1928, 

46 shares First National Bank, Philadelphia, 
105 " Lehigh Coal & Navigation Co., . 

10 " Commonwealth Title Insurance & Trust Co., 
Distillers' Securities Corporation 5s, 1927, . 
800 shares United States Steel Co., common, 
400 " United States Steel Co., preferred, 
100 " Cambria Steel Co., 
100 " American Rys. Co., 
Distillers' Securities Corporation 5s, 1927, . 
Pittsburg, Cincinnati, Chicago & St. Louis Ry. 4^s, 1942, 
Union Traction Co. of Philadelphia 4s, 1952, 
Pennsylvania R.R. 3$s, 1912, 
Indianapolis Northern Traction Co. 5s, 1932, 
Philadelphia Electric Co. 5s, 1948, 
100 shares Norristown Trust Co., . 
Midland Valley R.R. 5s, 1954, 
Lehigh Coal & Navigation Co. 4^s, 1914, 
200 shares Lehigh Coal & Navigation Co., trust certificate, 



Company's 
Market Value. 

$25,300 00 
16,400 00 
10,600 00 
4,600 00 
21,200 00 i 
37,600 00 } 
2,400 00 ) 
4,120 00 ) 
11,600 00 - 
14,200 00 ) 
3,168 00 
4,050 00 ] 
5,100 00 I 
10,434 00 J 
35,600 00 J 
10,000 00 
3,850 00 
18,800 00 ) 
12,600 00 j 
2,850 00 
17,250 00 1 
28,420 00 j 
1,900 00 } 
11,900 00 | 
3.200 00 J 
33,700 00 
9,400 00 ) 
3,600 00 } 
17,860 00 ) 
18,800 00 } 
11,800 00 ) 
8,425 00 
20,894 00 ) 
15,800 00 \ 
1.080 00 
9,752 00 
12,495 00 ) 
800 00 ( 
830 00 ) 
34,400 00 ( 
42,400 00 1 
3,100 00 | 
5,200 00 [ 
8,300 00 f 
1,110 00 | 
1,000 00 J 
30,900 00 I 
32,900 00 ( 
2,020 00 
20,500 00 
60,600 00 
10,900 00 
23,200 00 



Loaned 
Thereon . 

$15,000 00 
25,000 00 

50,000 00 

25,000 00 
2,200 00 

35,000 00 

9,500 00 
3,000 00 

25,000 00 

2,000 00 

50,000 00 

18,000 00 
25,000 00 

25,000 00 

4,000 00 

28,000 00 

900 00 
2,000 00 

4,000 00 
25,000 00 

50,000 00 



50,000 00 

1,600 00 
11,000 00 
50,000 00 

25,000 00 



$758,908 00 $561,200 00 

Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
440 shares Bellefonte Central, .... 
210 " Grand Rapids & Indiana, 
1,000 " Pennsylvania, 

Bank Stocks. 
200 shares Philadelphia National, Pa.. 



Rook Value. 


Rate. 


Market Value. 


$20,150 00 
18,501 00 
62,734 37 


16 

40 
143| 


$3,520 00 

8,400 00 

71,812 50 



19,165 12 318 



63,600 00 



PENNSYLVANIA FIRE INSURANCE CO. 



319 



Miscellaneous Stocks. 
14 shares Philadelphia Bourse, 

Government and Municipal Bonds. 
United States 4s, 1907, . 
Springfield, 111., 5s, 1906, 
Duluth, Minn., 4is, 1927, 
St. Louis, Mo., 6s, 1906, 
Dayton, O., 5s, 1912-16, . 
Newark, O., 5s, 1906, . 
Portland, Ore., 5s, 1922-25, . 
Portland, Port of, Ore., 5s, 1922-23, 
Lower Merion, Pa., 3is, 1908, 
Sharpsburg, Pa., 4s, 1912-19, . 
Sewickley Pa., School District 5s, 1906-12, 
W. Knoxville, Tenn., 6s, 1919, 
Richmond, Va., 4s, 1926, 

Railroad Bonds. 
Atch., Top. & Santa Fe general mortgage 4s, 1995, 
Atch., Top. & Santa Fe Ry. (E. Okla. Div.) 4s, 1928, 

Atlantic City 5s, 1919, 

Atlantic Coast Line (L. & N. Coll.) 4s, 1952, 
Baltimore & Ohio prior lien 3^s, 1925, . 
Baltimore & Ohio (Southwestern Div.) 3^s, 1925 
Baltimore & Potomac 6s, 1911, 
Bellefonte Central 5s, 1924, .... 
Buffalo & Susquehanna 4s, 1951, . 

Camden Horse 5s, 1909 

Central Pacific 3is, 1929, .... 

Central Pacific 1st ref. 4s, 1949, . 

Central Pacific 4s, 1954, .... 

Chesapeake & Ohio 5s, 1939, 

Chesapeake & Ohio 44s, 1992, 

Chesapeake & Ohio Car Trust 4s, 1907-08, . 

Chesapeake & Ohio equipment 4s, 1907, 

Chesapeake & Ohio Car Trust 4s, 1910, 

Chicago & Erie 5s, 1982, .... 

Chicago, Hammond & Western 6s, 1927, 

Chicago, Indianapolis & St. Louis Short Line 4s, 1953 

Chicago, Milwaukee & St. Paul 5s, 1914, 

Chicago & Northwestern 5s, 1929, 

Chicago, Rock Island & Pacific 4s, 1988, 

Chicago.. Rock Island & Pacific 4s, 1909, 

Chicago, Rock Island & Pacific (Choctaw) 4s, 1913, 

Chicago & Western Indiana 4s, 1952, . 

Choctaw & Memphis 5s, 1949, . 

Choctaw, Oklahoma & Gulf 5s, 1952, . 

Cleveland, Col., Cincin. & Indianapolis 6s, 1934, 

Cleveland, Lorain & Wheeling 5s, 1933, 

Erie prior lien 4s, 1996, 

Erie general lien 4s, 1996, .... 
Evansville & Terre Haute 5s, 1942, 

Greenbrier 4s, 1940, 

Iron Mountain Car Trust 5s, 1906-07-10, 

Kansas City Southern 3s, 1950, 

Lehigh Valley equipment trust 4^s, 1906, 

Lehigh Valley 4-!,s, 1940 

Louisville & Nash. (Mobile & Montgomery) 4^s, 1945, 

Lehigh Valley Coal 5s, 1933, 

Louisville & Nashville 4s, 1923, . 

McKeesport & IJelle Vernon 6s, 1918, . 

Newburgli & New York 5s, 1929, . 

New Orleans Terminal 4s, 1953, 

New York, Philadelphia & Norfolk 4s, 1939, 

New York, Susquehanna & Western Term. 5s, 1943, 

Norfolk & Western 4s, 1944, . 

Oregon Short Line 4s, 1929, . 

Pennsylvania Co. 3is, 1916, . 

Pennsylvania & New York Canal & R.R. 7s, 1906, 

Pennsylvania & New York Canal & R.R. 4s, 1939, 

Philadelphia & Erie 5s, 1920, .... 

Philadelphia & Reading 7s, 1911, .... 

Philadelphia & Reading 6s, 1910, . 

Philadelphia & Reading Terminal 5s, 1941, . 



Book Value. 
$700 00 

16,362 50 
36,612 50 
48,232 60 
22,937 50 
36,773 75 
12,720 00 
54,823 70 
6,028 60 
39,184 00 
41,464 00 
22,580 00 
22,000 00 
21,732 00 

49,000 00 
73,875 00 
30,825 00 
48,000 00 
94,533 75 
67,375 00 
18,375 00 
2,250 00 
24,500 00 
26,250 00 
87,750 00 

100,571 25 
49,250 00 
48,142 50 
26,250 00 
49,272 50 
24,565 00 
24,347 50 
55,250 00 

121,500 00 
49,875 00 
56,375 00 
50,000 00 
77,843 75 
49,625 00 
24,567 50 

144,750 00 
52,000 00 
53,750 00 
29,700 00 
53,875 00 
48,625 00 
45,000 00 
25,750 00 
96,125 00 
36,303 80 
16,525 75 
43,563 30 
50,375 00 
55.475 00 
51,250 00 
49,093 75 
75,335 00 
15,750 00 
94,812 50 
50,687 50 

104,750 00 
49,312 50 
48,500 00 
97,073 75 
21,232 50 
73,437 50 
78,750 00 
20,000 00 
20,081 25 

100,250 00 



Kate. 

7 

102 
1001 
110" 
100* 

no| 

100* 
1161 
113" 
98 
100 
100 
110 
1034 

1015 
98 

109| 
94 
94^ 
91i 

110| 

100 

971 
1041 

87 ^ 

99i 

97^ 
117* 
1061 

99 ^ 

99 

981 
120 
126 

99 
109 
110 
103f 

933 

98 8 

99 

1161 
110| 
1314 
114 

994 

92 
108 

96f 
101 

72| 
100 
108 ■[ 
108 
111| 

98 
1113 
112 

94?, 
102" 
118 

98 

95| 

97 
105 

1001 

117" 
114 
111 
123 



Market Value. 
$49 00 

10,200 00 
35,175 00 
51,700 00 
25,125 00 
35,360 00 
12,060 00 
52,425 00 
5,650 00 
39,200 00 
40,000 00 
21,500 00 
22,000 00 
20,700 00 

50,937 50 
73,500 00 
32,925 00 
47,000 00 
94,250 00 
68,437 50 
16,575 00 
2,500 00 
24,375 00 
26,125 00 
87,000 00 
99,500 00 
48,500 00 
49,350 00 
26,625 00 
49,500 00 
24,750 00 
24,562 50 
60,000 00 

126,000 00 
49,500 00 
54,500 00 
49,500 00 
77,812 50 
46,687 50 
24,500 00 

148,500 00 
58,250 00 
55,125 00 
39,375 00 
57,000 00 
49.625 00 
46,000 00 
27,000 00 
96,750 00 
36,360 00 
18,817 50 
43,000 00 
54,375 00 
54,000 00 
55,812 50 
49,000 00 
67,050 00 
16,800 00 
94,500 00 
51,000 00 

118,000 00 
49,000 00 
47,562 50 
97,000 00 
23,100 00 
75,375 00 
87,750 00 
22,800 00 
19,425 00 

123,000 00 



320 



PHENIX INSURANCE CO. 



Philadelphia, Wilmington & Baltimore 4s, 1921, 
Philadelphia, Wilmington & Baltimore 4s, 1922, 

Pine Creek 6s, 1932, 

Pittsburgh & Charleroi St. 5s, 1932, 

St. Louis, Iron Mountain & Southern 5s, 1931, 

St. Louis, Iron Mt. & So. (River & Gulf Div.) 4s, 1933 

St. Louis, Memphis & Southeastern 4k, 1909, 

St. Paul & Northern Pacific 6s, 1923, 

Schuylkill River East Side 4s, 1925, . 

Shamokin, Sunbury & Lewisburg 5s, 1912, . 

Southern Pacific 4s, 1955, . . . . 

Southern equipment 4s, 1906-07, .... 

Southern equipment 4s, 1907, .... 

Terminal Association, St. Louis, 4is, 1939, . 

Terminal Association, St. Louis, 4s, 1953, 

Union Pacific 4s, 1947, 

Western Transit 3^s, 1923, 

Washington, Ohio & Western 4s, 1924, 

Miscellaneous Bonds. 
Chesapeake & Delaware Canal Co. 5s, 1916, 
Lehigh Coal & Navigation Co. 4s, 1914, 
Lehigh Coal & Navigation Co. 4s, 1948, 
Pennsylvania Steel Co. (Coke Oven) 4*s, 1908-1909, 

Philadelphia Co. 5s, 1949, 

Philadelphia Co. 5s, 1908, 



Book Value. 


Rate. 


Market Value. 


. $98,000 00 


101| 


$101,500 00 


15,000 00 


105 


15,750 00 


64,500 00 


131 


65,500 00 


51,252 50 


104i 


52,250 00 


55,406 25 


H4l 


57,437 50 


5, 94,500 00 


94 


94,000 00 


97,500 00 


96 


96,000 00 


56,170 00 


124 


62,000 00 


73,375 00 


104f 


78,562 50 


19,450 00 


105f 


21,150 00 


97,218 75 


95 


95,000 00 


84,546 55 


99 


86,130 00 


12,558 00 


99 


12,870 00 


54,500 00 


108| 


54,312 50 


124,812 50 


100 


125,000 00 


26,218 75 


104| 


26,187 50 


48,318 33 


86 


43,000 00 


28,238 75 


94 


27,260 00 


8,602 50 


50 


5,000 00 


18,320 00 


103 


20,600 00 


104,220 00 


101 


101,000 00 


50,000 00 


100 


50,000 00 


54,531 25 


108 


54,000 00 


50,235 00 


100 


50,000 00 


$4,922,478 62 




$5,029,251 50 



PHENIX 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, 1 6 Court Street. 

Income. 

Net fire premiums, ... $5,998,424 68 

Interest on mortgage loans, $2,260.35 ; collaterals, $3,884.08 ; stocks 

and bonds, $213,973 ; all other, $550.84, 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, . . . 



Total income, 
Ledger assets, Dec. 31, 1904, 



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, $6,142.68 ; other taxes and fees, $138,077.55, 
Loss on sale or maturity of ledger assets, . 
Furniture and fixtures, .... 
Postage, express, telegrams, exchange, etc., 
Printing, stationery and advertising, 
Traveling expenses, . 
Legal expenses, .... 

Insurance maps, 

Boards and inspections, 



220,668 27 
40,856 71 
54,187 93 



. $6,314,137 59 
. 7,683,854 03 

$13,997,991 62 



. $2,954,238 54 


150,000 00 


. 1,177,683 


33 


443,259 


76 


59,146 


15 


15,165 


76 


144,220 


23 


8,187 50 


2,714 


12 


61,888 04 


91,021 


55 


120,547 


22 


7,518 


97 


12,953 


93 


84,264 46 



PHENIX INSURANCE CO. 



321 



Mercantile reports, 
Auditing, .... 
Salaries various agencies, . 
Expenses of general agents, 
Miscellaneous, 



Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $401,404.39; mortgages, $46,600, . 
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, $1,000 ; stocks and bonds, $9,524.39, 
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,* 

Assets not admitted. 
Special deposits less $243,803.12 liability thereon, . 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $28,465 resisted, $423,215.16; less rein- 
surance, $19,964.60, 

Unearned premiums on outstanding risks, ..... 

Salaries and other miscellaneous expenses, due or accrued, 
Due for return premiums, $2,418.31 ; reinsurance, $4,356.85, , 



$2,088 57 

1,688 10 

17,917 95 

52,602 97 

7,866 19 

$5,414,973 34 

$8,583,018 28 



$448,004 39 

61,425 00 

6,512,169 82 

643,752 43 

917,666 64 

$8,583,018 28 



10,524 39 

3,362 43 

166,595 61 

338,230 64 

),101,731 35 

67,998 34 
>,033,733 01 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$403,250 56 

. 5,348,744 29 

4,332 00 

6,775 16 

. $5,763,102 01 



1,270,631 00 



1,000,000 00 
2,270,631 00 



Total liabilities, $9,033,733 01 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1904, . . . $842,818,742 00 $9,922,786 07 
Fire risks written during 1905, .... 613,279,684 00 7,362,655 87 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



* The company holds also Instalment premium notes 
enter into or form any part of the assets of the company 

ever 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." 



$1,456,098,426 00 $17,285,441 94 
528,690,132 00 6,399,518 85 



$927,408,294 00 $10,885,923 09 
58,279,022 00_ 585,111 31 



$869,129,272 00 $10,300,811 78 



to the amount of $151,464,29 which do not 
as no portion of them is earned. What- 



322 



PIIENIX 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 (15 per cent.), . 
Company's stock owned by directors, 



$152,403,333 00 

73,065,154 00 

2,962,726 00 

4,624,000 00 

150,000 00 

183,250 00 



Schedule A. Securities held as Collateral. 



100 shares Amalgamated Copper Co., . 

109 " Consolidated Gas Co 

312 ■• Electric Storage Battery Co., 
100 " Kings County Electric Light & Power Co. 
12 " Municipal Gas Co., Albany, N. Y., 
Consolidated Gas Co. 6s, 1909, .... 
Rio Grande, Sierra Madre & Pacific 6s, 1909, 



Company's 
Market Value. 

$10,800 00 1 

19,729 00 

24,648 00 

19,800 00 \ 

3,240 00 

4,100 00 

5,000 00 J 



Loaned 
Thereon. 



$61,425 00 



887,317 00 $61,425 00 

Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. Book Value. Rate. 

3,000 shares Central of New Jersey, .... $618,419 82 223 

5,000 " Chicago & Northwestern, common, . . 1,151,907 50 223 

500 " Chic, St. Paul, Minn. & Om., preferred, 100,062 50 188 

1,500 " Delaware & Hudson, 280,087 50 220 

5,000 " Delaware, Lackawanna & Western, . . 1,043,285 10 445 

1,000 " Louisville & Nashville 140,050 00 152 

1,500 " New York Central & Hudson River, . . 238,500 00 153& 

2,000 " Pacific Coast Co., common, . . . 190,350 00 102 

1,000 " Pittsburg, Cin., Chic. & St. Louis, common, 81,125 00 80^ 

50 " Pittsburg, Cin., Chic. & St. L., preferred, 5,000 00 106 

1,000 " Union Pacific, common, .... 136,125 00 150| 

7~) (177 1c L^fOcJt'S 

200 shares Brooklyn, New York,' N. Y., . . . 14,653 13 138 

1,500 " Chatham National, New York, N. Y., . 134,690 93 315 

300 " First National, New York, N. Y., . . 195,000 00 797 

317 " Nat. Bk. of Commerce, New York, N. Y., 67,955 25 195 

600 " National City, Brooklyn, N. Y., . . 114,302 82 310 

300 " National Park, New York, N. Y., . . 89,890 63 490 

60 " Trust Co. of America, New York, N. Y., . 28,000 00 750 

Miscellaneous Stocks. 

81 shares American Light & Traction Co., common, 5,750 00 115 

267 " Amer. Light & Traction Co., preferred, . 24,250 00 1044 

300 " Bond & Mortgage Guarantee Co., . 32,000 00 400 

1,000 " Central & South American Tel. Co., . 116,674 46 1274 

1,000 " General Electric Co., 189,825 00 177 

500 " New York Mutual Gas Light Co., . . 134,78100 255 

667 " Realty Associates, 66,700 00 165 

10 ■■ Underwriters' Salvage Co., N. Y., . . 1,000 00 100 

Government Bonds. 
United States 4s, 1907, ...... 

State and Municipal Bonds. 

Virginia 3s, 1991 60,037 50 96 

Toronto, Canada, 3^8, 1929, 54,141 41 94 

New York, N. Y., 3s, 1923, 204,000 00 924 

New York, N.Y., 3s, 1919, 212,000 00 93f 

Richmond, Va., 4s, 1926, 1927, 20,895 00 1034 

Railroad Bonds. 
Albany & Susquehanna 3jS, 1946, .... 

Miscellaneous Bonds. 

Council Bluffs City Water Works Co. 6s, 1906, . . 99,000 00 

Denver Gas & Electric Co. 5s, 1949, .... 161,000 00 

Grove Mills Paper Co. 6s, 1909, 26,173 33 

Lebanon Gas Co. 5s 50,000 00 

Lincoln Gas & Electric Light Co. 5s, 1941, . . . 175,000 00 



134,963 22 102 



36,000 00 117 



100 

944 
100" 
100 

89 



Market Value. 

$669,000 00 

1,115,000 00 

94,000 00 

330,000 00 

1,112,500 00 

152,000 00 

229,687 50 

204,000 00 

80,250 00 

5,300 00 

150,625 00 

13,800 00 
118.125 00 
239,100 00 

61,815 00 

93,000 00 
147,000 00 

45,000 00 

9,315 00 
27,901 50 
120,000 00 
127,500 00 
177,000 00 
127,500 00 
110,055 00 

1,000 00 

163,200 00 

96,000 00 

52,601 46 

185,000 00 

187,500 00 

21,735 00 

42,120 00 

100,000 00 

152,145 00 

25,000 00 

50,000 00 

143,500 00 



PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 323 



Niagara Falls Power Co. 6s, 1910, . 
Standard Milling Co. 5s, 1930, 



Book Value. 

$54,048 42 

24,525 30 

5,512,169 82 



Rate. 
102 
804 



Market Value. 

$51,000 00 

20,125 00 

$6,850,400 46 



PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, PHILADELPHIA, PA. 

Incorporated Aug. 23, 1880. Commenced business Nov. 1, 1880. 
EDWIN I. ATLEE, President. RICHARD H. MORRIS, Secretary. 

Home Office, 911 Arcade Building. 

Income. 

Net premiums $298,224 21 

Interest on stocks and bonds, $14,032.32; all other, $512.94, . . 14,545 26 

Profit on sale or maturity of ledger assets, 9,616 00 

From all other sources, 1,676 66 

Total income $324,062 13 

Ledger assets, Dec. 31, 1904, 277,520 07 

Total, $601,582 20 

Disbursements. 

Net amount paid for losses, $8,728 39 

Profits on terminated policies, 233,108 75 

Salaries, fees, etc., of officers and employees, 12,064 57 

Rents 1,900 00 

Taxes and fees, 1,340 84 

Loss on sale or maturity of ledger assets, ...... 202 78 

Inspections, 6,281 83 

Printing 972 70 

Traveling expenses, 1,659 40 

All other disbursements, 1,945 04 

Total disbursements, $268,204 30 

Balance, , $333,377 90 

Ledger Assets. 

Stocks and bonds (Schedule A), $295,098 86 

Cash in banks and office, 24,677 07 

Premiums in course of collection, 13,601 97 

Total ledger assets, $333,377 90 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 2,136 83 

Market value of stocks and bonds over book value, . . . . 20,565 79 

Gross assets, $356,080 52 

Assets not admitted. 

Dividends not declared or guaranteed, 154 99 

Total admitted assets, $355,925 53 



324 PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



Risks and Premiums 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

.$28,245,151 00 

. 34,748,841 00 

. |62,993,992 00 

. 30,735,376 00 



$2,247 31 
149,687 14 

$151,934 45 
203,991 08 

$355,925 53 



Cash Prem's. Contlng't Prem's. 

$260,077 66 $1,300,388 30 
320,635 53 1,603,177 65 



$580,713 19 $2,903,565 95 
281,338 90 1,406,694 50 



.$30,258,616 00 $299,374 29 $1,496,871 45 
Miscellaneous. 



Losses incurred during the year, . . . . 
Profits or surplus returned during 1905, 83 per cent. 



$10,096 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
100 shares Chartiers, ...... 

150 " Erie & Pittsburg, . . . 

204 " Pennsylvania, ..... 

400 " West Jersey & Seashore, 

25 shares Land Title & Trust Co.', Phila., Pa., . 
3 " Philadelphia National, Pa., . 

Miscellaneous Stocks. 
100 shares Pennsylvania Steel Co., preferred, 

Government Bonds. 
Imperial Japanese 4is, 1925, ..... 

Railroad Bonds. 
Allegheny Valley first mortgage 7s, 1910, 
Aurora, Elgin & Chicago 5s, 1941, 
Cambria & Clearfield 5s, 1941, .... 
Cleveland & Marietta 4*s, 1935, .... 
Consolidated Traction Co. of N. J. 5s, 1933, . 
Greenbrier & New River 5s, 1942, .... 

Lake Shore Electric Co. 5s, 1923 

Lancaster Co. & L. I. Co. 5s, 1951, 

Lehigh Valley Coal Co. 5s, 1933, .... 

Norfolk & Western equipment 4s, 1913, 

Northern Pacific 3s, 2047, 

Pennsylvania 5s, 1919, ...... 

Phila. & Bait. Central 4|s, 1911, .... 

Pine Bluff & Western 5s, 1923, .... 

Sunbury, Hazleton & Wilkes-Barre 5s, 1928, 
Toledo, Fremont & Norwalk 5s, 1920, . 
Toledo, St. Louis & Western 4s, 1950, . 
Wabash, Pittsburg Terminal first mortgage 4s, 1954, 
West Jersey & Seashore 4s, 1936, .... 

Miscellaneous Bonds. 

Auburn Gas Co. 5s, 1930, 

Lehigh Coal & Nav. Co. 7s, 1911, .... 
Lehigh Coal & Nav. Co. 4s, 1942, .... 

Millville Mfg. Co. 5s, 1929, 

Pennsylvania Steel Co. 5s, 1932, .... 



Book Value. 


Rate. 


Market Value. 


$6,500 00 


290 


$14,500 00 


9,375 00 


158 


11,850 00 


12,889 92 


143| 


14,649 75 


19,733 01 


130 


26,000 00 


3,276 00 


295 


7,375 00 


618 00 


318 


954 00 


9,275 00 


104 


10,400 00 


8,925 12 


91 


8,863 40 


18,300 00 


110i 


16,537 50 


9,913 89 


97| 


9,775 00 


10,340 00 


102 


10,200 00 


5,350 00 


108$ 


5,425 00 


4,350 00 


107 


5,350 00 


14,315 00 


99 


13,860 00 


10,175 00 


98* 


9,850 00 


10,270 83 


101" 


10,100 00 


20,300 00 


lllf 


22,325 00 


11,890 00 


97^ 


11,670 00 


4,104 67 


76| 


3,065 00 


1,082 50 


113 


1,130 00 


10,204 38 


991 


9,950 00 


10,315 98 


105^ 


10,500 00 


4,900 00 


102i 


5,125 00 


10,326 80 


98 " 


9,800 00 


7,862 50 


80| 


8,037 50 


9,573 33 


■ 85| 


8,562 50 


10,000 00 


102 


10,200 


9,973 60 


98 


9,800 00 


5,175 00 


115± 


4,610 00 


10,130 00 


100 


10,000 00 


5,300 00 


100 


5,000 00 


10,353 33 


102 


10,200 00 


$295,098 86 




$315,664 65 



PHCENIX INSURANCE CO. 



325 



PHCENIX INSURANCE COMPANY, HARTFORD, CONN. 

Incorporated May, 1854. Commenced business June, 1854. 

Paid-up Capital, $2,000,000. 
D. W. C SKILTOX, President. EDW. MILLTGAN, Secretary. 

Home Office, 783 Main Street. 

Income. 

Net fire premiums, $4,153,796 98 

Interest on mortgage loans, $5,995.42; collaterals, $837.50; 



stocks and bonds, $249,589.41, 

Rents, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1904, 



Total, 



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, $4,026.55 ; other taxes and fees, $138,460.30, 
Loss on sale or maturity of ledger assets, .... 

Agents' balances charged off, 

Advertising, printing and stationery, .... 

Legal expenses, 

Special agents expenses, 

Underwriters' boards and inspection bureaus, . 

Loss adjustment expenses, 

Agency expenses, 

Miscellaneous expenses, 



Total disbursements, 
Balance, 



Ledger Assets. 

Real estate, $148,944.64; mortgages, $89,486.66, 
Loans secured by collateral (Schedule A), 
Stocks and bonds (Schedule B), 
Cash in banks and office, .... 

Agents' balances, 

Foreign premiums in course of collection, 



256,422 33 
11,952 64 
14,733 62 

. $4,436,905 57 
. 5,857,952 47 

$10,294,858 04 



$1,843,335 89 

240,000 00 

816,505 78 

280,244 16 

18,603 16 

5,970 43 

142,486 85 

23,082 51 

1,841 73 

35,469 74 

3,394 91 

74,151 72 

63,054 75 

18,675 95 

91,378 23 

36,993 12 



!,695,188 93 



$6,599,669 11 



$238,431 

9,000 

5,181,541 

528,743 

558,466 

83,487 



30 
00 
19 
16 
29 
17 



Total ledger assets, $6,599,669 11 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,396.32 ; stocks and bonds, $44,989; collateral 

loans, $225; other assets, $2,500, 50,110 32 

Rents accrued on company's property, 906 58 

Market value of real estate over book value, 4,491 00 



326 



PHCENIX INSURANCE CO. 



Market value of stocks and bonds over book value, . 
Due from other companies for reinsurance, 



Gross assets, 



Assets not admitted. 

Agents 1 balances over three months due, . 
Special deposits less $183,341.39 liability thereon, . 
Total unadmitted assets, 



$1,699 87 
89,108 61 



$1,121,105 81 
8,463 04 

$7,784,745 86 



90,808 48 



Total admitted assets, $7,693,937 38 



Liabilities. 

Unpaid losses, including $27,117 resisted, §372,717.20; less rein- 
surance, §23,376.69, . 

Unearned premiums on outstanding risks, §3,248,212.95 ; plus same 
on disallowed reinsurance, $12,109.69, 

Commissions and other charges due agents and brokers, . 



$349,340 51 

3,260,322 64 

20,955 78 

§3,630,618 93 

2,000,000 00 

2,063,318 45 

Total liabilities §7,693,937 38 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$4,063,318 45 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



§591,265,352 00 
.514,253,305 00 

1,105,518,657 00 
. 475,232,859 00 

$630,285,798 00 
. 31,968,373 00 



Premiums. 

?6,217,675 92 
5,061,786 56 

§11,279,462 48 
4,687,895 59 

1,591,566 89 
363,567 18 



Net amount in force, 



§598,317,425 00 $6,227,999 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 (12 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. Securities held as Collateral. 



$94,401,403 00 
. 55,816,110 00 
. 1,800,742 00 
. 9,325,000 00 
240,000 00 
65,700 00 



240 shares Landers, Frary & Clark, 
70 " Southern New England Telephone Co. 



Company's 
Market Value. 

$15,600 00 
10,150 00 



Loaned 
Thereon. 

$9,000 00 



$25,750 00 $9,000 00 

Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
550 shares Bald Eagle Valley, . 

300 " Beech Creek, 

200 " Boston Elevated 

300 " Chicago, Mil. & St. Paul, preferred, . 

300 " Cleve., Cin., Chic. & St. L., preferred, 

60 " Cleve., Cin., Chic. & St. L., common, . 



Book Value. 

$54,487 50 
14,400 00 
23,428 58 
43,262 50 
29,137 50 
6,000 00 



Kate. 
208 
105 
156 
1884 
1184 
107J 



Maiket Value. 
$57,200 00 
15,750 00 
31,200 00 
56,550 00 
35,550 00 
6,472 50 



PHCENIX INSURANCE CO. 



327 



500 shares Cleveland & Pittsburg, 

500 " Ft. Wayne & Jackson, preferred, 

200 " Georgia R.R. & Banking Co., . 

2,000 " Illinois Central 

1,000 " Morris & Essex, .... 

1,000 " New York Central & Hudson River, 

250 " New York & Harlem, 

2,500 " New York, New Haven & Hartford, 

2,000 " Pennsylvania, .... 

500 " Peoria & Bureau Valley, . 

500 " Pittsburg, McKeesport & Yough., 

250 " Rensselaer & Saratoga, 

500 " Sharon, Pa., .... 

105 " West End Street, 

Bank Stocks. 
300 shares iEtna National, Hartford, Conn., 

1,000 " American National, Hartford, Conn., 

162 " Charter Oak National, Hartford, Conn., 

160 " City, Hartford, Conn., 

100 " Conn. River Banking Co., Hartford, Conn 

300 «« Farmers' & Mech. Nat., Hartford, Conn 

1,030 " Hartford National, Conn., . 

400 " Hartford Trust Co., Conn., 

800 " Merc'tile Nat. (in liq.), Hartford, Conn., 

340 " National Exchange, Hartford, Conn., 

770 " Phoenix National, Hartford, Conn., . 

200 " State, Hartford, Conn 

50 " Security Co., Hartford, Conn., . 

67 " Home National, Meriden, Conn., 

200 " New Britain National, New Britain, Conn 

75 " Central Trust Co., New York, N. Y. t 

400 " Franklin Trust Co., New York, N.Y., 

108 " Merchants' Ex Nat., New York, N. Y., 

100 «• Metropolitan Trust Co., New York, N. Y 

125 •' National German Amer., St. Paul, Minn 

275 " Imperial, Toronto, Ont., 

10 ■■ Realty Bond & Tr. Co., Richmond, Va 

440 " Waterbury National, Conn., 

Miscellaneous Stocks. 
500 shares American Telegraph & Cable Co., 



150 

23 

100 

1,300 

500 

144 

420 

81 

2,500 
297 
200 



Empire & Bay State Tel. Co., 
Gold & Stock Tel. Co., 
Hartford Electric Light Co., 
Holyoke Water Power Co., 
Illinois & Mississippi Tel. Co., 
International Ocean Tel. Co., 
New York Dock Co., preferred, 
New York Mutual Tel. Co., 
Northwestern Tel. Co., 
Pacific & Atlantic Tel. Co., 
Western Union Tel. Co 



State and Municipal Bonds. 
Georgia 4^s, 1915, . 
Province of New Brunswick 4s, 1922, 
Victoria, British Columbia, 5s, 1928, 
Brantford, Canada, 5s, 1908, . 
Guelph, Canada, 5s, 1919, 
Hartford, Conn., 3-is, 1934, . 
Hartford, Conn., 4s, 1928, 
Hartford, Conn., 3?>s, 1942, . 
Urban a, O., 44s 1909, . 
Ashland, Ore", 6s, 1909, • . 
Portland, Ore., 5s, 1933, 
St. Henry, P. Q.,4.',s, 1918, . 
Petersburg, Va., 4s," 1943, 
Richmond, Va., 5s, 1921, 

Railroad Bonds. 
Atlanta-Birmingham 4s, 1933, 
Atlantic & Danville 4s, 1948, 



Book Value. 

$20,200 00 
49,150 00 
32,069 00 

235,629 20 
69,931 25 

119,823 25 
24,640 00 

279,069 88 

123,984 37 
72,625 00 
29,400 00 
14,781 25 
25,750 00 
1,303 44 

32,900 00 
59,955 00 
21,020 00 
16,000 00 

6,200 00 
34,020 00 
105,486 00 
40,600 00 
15,596 00 
22,230 00 
103,800 00 
20,864 00 

8,750 00 

8,658 42 
21,040 00 

8,060 00 
59,437 50 

7,500 00 
53,537 50 
31,494 84 
43,565 18 

1,000 00 
29,580 00 

47,360 00 
11,325 00 

2,925 00 
25,600 00 
168,750 26 
20,168 50 
18,216 00 
19,740 00 

2,592 00 
135,825 00 

6,102 25 
18,500 00 

11,535 00 
5,048 35 
21,900 00 
27,737 50 
27,076 00 
40,000 00 
21,200 00 
108,000 00 
26,440 00 
53,125 00 
16,897 50 
78,375 00 
26,125 00 
30,000 00 

23,500 00 
47,000 00 



Kate. 
182 
145 
265 
175^ 
188 
153J 
395 
196i 
143| 
202 
135 
208 

199 

195 

140 

135 

94 

183| 
117 
141 
180 

126 
125 
140 
140 
125 
160 
2,210 
375 
168 
600 
146 
230 
100 
150 

90 

78 
120 
250 
350 

80 
120 

79 
200 
125 

80 
93g 

1114 

100* 
110" 
100 
110 

95| 
107 j 
100 

95 
102 
121 
105 \ 
100" 
111 

!).-)! 
95l 



Market Value. 

$45,500 00 

72,500 00 

53,000 00 

350,500 00 

94,000 00 

153,125 00 

49,375 00 

490,625 00 

143,625 00 

101,000 00 

33,750 00 

52,000 00 

_* 

10,447 50 

58,500 00 

70,000 00 

21,870 00 

15,040 00 

5,505 00 

35,100 00 

145,230 00 

72,000 00 

_* 

21,420 00 
96,250 00 
28,000 00 

7,000 00 

8,375 00 

32,000 00 

16,575 00 

150,000 00 

9,072 00 
60,000 00 
18,250 00 
63,250 00 

1,000 00 
33,000 00 

45,000 00 
11,700 00 

2,760 00 
25,000 00 
455,000 00 
20,000 00 
17,280 00 
33,180 00 

4,050 00 
156,250 00 

5,940 00 
18,675 00 

11,150 00 
5,025 00 
22,000 00 
25,000 00 
26,400 00 
38,250 00 
21,500 00 
108,000 00 
23,750 00 
51,000 00 
18,150 00 
79,125 00 
25,000 00 
27,750 00 

23,812 50 
47,750 00 



* Value indeterminable. 



328 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



Central of New Jersey 5s, 1987, 

Chesapeake & Ohio 5s, 1939, 

Chicago & Erie 5s, 1982, 

Chicago & North Shore Street 6s, 1912, 

Chicago & Northwestern 6s, 1929, 

Chicago & Western Indiana 6s, 1932, 

Choctaw & Memphis 5s, 1919, 

Cincinnati, Dayton & Ironton 5s, 1941, 

Des Moines & Fort Dodge 4s, 1935, 

Detroit 5s, 1924, . 

Easton & Amboy 5s, 1920, 

Elgin, Joliet & Eastern 5s, 1941, 

Erie 7s, 1920, .... 

Erie (Pa. Col.) 4s, 1951, 

Flint & Pere Marquette 5s, 1939, 

Iowa Central 5s, 1938, . 

Kansas City & Pacific 4s, 1990, 

Lehigh Valley Terminal 5s, 1941, 

Louisville, Henderson & St. Louis 5s, 1946, 

Louisville & Nashville 4s, 1923, 

Minneapolis Union 6s, 1922, . 

Missouri, Kansas & Eastern 5s, 1942, 

New York, Lackawanna & Western 6s, 1921, 

Pennsylvania & New York Canal & R.R. 5s, 1939 

Railroad Securities Co. 4s, 1952, . 

St. Louis, Iron Mountain & Southern 5s, 1931, 

St. Paul & Northern Pacific 6s, 1923, . 

Southern (St. Louis Div.) 4s, 1951, 

Terminal Association, St. Louis, 5s, 1944, 

Terre Haute & Peoria 5s, 1942, 

Toronto, Hamilton & Buffalo 4s, 1946, . 

Virginia Midland 5s, 1936, . 

Wabash-Pittsburg Terminal 4s, 1954, . 

Miscellaneous Bonds. 
New York Dock Co. 4s, 1951, 
Northwestern Telegraph Co. 4^s, 1934, . 
Western Union Telegraph Co. 4|s, 1950, 



Book Value. 

$20,526 25 
88,437 50 
59,980 00 
26,446 58 
40,825 00 

319,897 50 
59,000 00 

112,445 00 
73,187 50 
65,392 50 
33,671 50 
57,375 00 
53,000 00 
23,593 75 
28,750 00 
86,921 25 
24,125 00 
29,075 50 

112,348 75 
24,406 25 
84,718 34 
28,770 00 
53,125 00 
28,812 50 

115,875 00 
56,675 00 
32,100 00 
49,906 25 
29,437 50 
25,375 00 
24,625 00 
58,093 75 
49,200 00 

39,480 00 
52,200 00 
52,312 50 

>,181,541 19 



Rate. Market Value. 
131£ 

in\ 

120 " 

87 
116 
113| 
116^ 
113| 

99 
109J? 
109" 
117^ 
130 

93 

110 • 
113^ 

941 

lis* 

110| 

98 

122a 
114f 
126:1 
118| 

90 
114£ 
124 

99i 
122J 

94 

97i 
113" 

850 



97 
100 
104 



$26,350 00 
88,125 00 
60,000 00 
21,750 00 
45,240 00 

312,125 00 
58,250 00 

113,375 00 
74,250 00 
65,700 00 
32,700 00 
58,750 00 
65,000 00 
23,250 00 
27,500 00 
85,125 00 
23,625 00 
29,625 00 

110,500 00 
24,500 00 
91,875 00 
28,531 25 
63,125 00 
29,687 50 

112,500 00 
57,437 50 
31,000 00 
49,750 00 
30,687 50 
23,500 00 
24,375 00 
56,500 00 
47,093 75 

40,740 00 
50,000 00 
52,000 00 

5,302,647 00 



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, $ 85,090. 83 ; extra premiums, $526.89, 



Interest on mortgage loans, $3,802.35 ; stocks and bonds, $19,076.75, 

all other, $2,142.99, 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1904, 

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, 



$85,617 72 

24,522 09 

82 00 

$110,221 81 

516,753 50 

$626,975 31 



$33,620 75 

25,437 95 

10,011 76 

9,520 00 

1,436 00 

2,261 83 



PKOVIDENCE MUTUAL FIRE INSURANCE CO. 329 

Loss on sale of bonds, , $907 35 

All other disbursements, 2,792 24 



Total disbursements, $85,987 88 



Balance, $540,987 43 

Ledger Assets. 

Mortgages $57,350 00 

Stocks and bonds (Schedule A), 407,084 58 

Cash in banks and office, 70,721 56 

Agents' balances, 5,831 29 

Total ledger assets, $540,987 43 

Non-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $3,126.25; other assets, $495.58, . . . 3,62183 

Market value of stocks and bonds over book value, .... 78,496 05 



Gross assets, $623,105 31 

Assets not admitted. 
Agents' balances over three months due, . . . $112 30 

Dividends not declared or guaranteed, . . . 405 58 

Total unadmitted assets, ■ 517 88 



Total admitted assets, $622,587 43 

Liabilities. 

Unpaid losses $104 42 

Unearned premiums on outstanding risks, 165,106 90 

Dividends due policy holders, 2,540 70 

Salaries and other miscellaneous expenses, due or accrued, . . 1,418 36 



All liabilities, except surplus, $169,170 38 

Surplus, 453,417 05 



Total liabilities $622,587 43 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1904, .$29,516,718 00 $315,463 63 $315,463 63 

Risks written during 1905, . . . 8,458,321 00 91,556 35 91,556 35 



Total, $37,975,039 00 $407,019 98 $407,019 98 

Risks expired and terminated, . . 7,749,185 00 82,131 82 82,131 82 



In force at end of year, . . . $30,225,854 00 $324,888 16 $324,888 16 
Amount reinsured," .... 334,433 00 4,244 91 



Net amount in force, . . .$29,891,42100 $320,643 25 

Miscellaneous. 

Losses incurred during the year, $33,539 00 

Profits or surplus returned during 1905, 20, 30, 40, 50 and 65 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Kate. Market Value. 

40 shares Boston & Providence, . . . . . $10,400 00 311 $12,440 00 

50 " Chicago & Eastern Illinois, preferred, . 6,800 00 130 6,500 00 

100 " Chicago Great Western debenture, . . 9,300 00 86 8,600 00 



330 



PROVIDENCE WASHINGTON INSURANCE CO. 



100 shares Chicago, Milwaukee & St. Paul, preferred, . 

50 " Cleve., Cin., Chicago & St. Louis, preferred, 

200 " Cleveland & Pittsburg, 

50 " Connecticut River, 

200 " Delaware, Lackawanna & Western, 

100 " Detroit, Hillsdale & Southwestern, 

100 " Fitchburg, preferred, . 

100 " Fort Wayne & Jackson, preferred, 

50 " Hereford, 

158 M Illinois Central, .... 

200 " Mahoning Coal, preferred, . 

200 " Morris & Essex, .... 

115 " New York Central & Hudson River, 

240 " New York, New Haven & Hartford, 

100 " Old Colony, 

100 " Oswego & Syracuse, 

400 " Pennsylvania, .... 

50 " Pere Marquette, preferred, . 

50 " Pere Marquette, common, 
200 " Pittsburgh, Bessemer & Lake Erie, 

51 " Providence & Worcester, 
100 " Rome, Watertown & Ogdensburg, 
200 " Southern, preferred, 

50 " Union Pacific, common, 

50 " Union Pacific, preferred, 

100 " Upper Coos, 

Bank Stocks. 
20 shares Nat. Bank of Commerce, Providence, R. I., 

Miscellaneous Stocks. 
100 shares Rhode Island Investment Co., 

Bonds. 

Rhode Island 3|s, 1924, 

Rhode Island 3s, 1941 

Metropolitan Water Co. 4s, 1919, 



Book Value. 


Rate. 


Market Value. 


311,675 00 


1881 


$18,850 00 


6,000 00 


118J 


5,925 00 


19,450 00 


182 


18,200 00 


12,500 00 


295 


14,750 00 


17,262 50 


445 


44,500 00 


10,900 00 


104 


10,400 00 


10,475 00 


1421 


14,250 00 


14,118 00 


145 


14,500 00 


5,000 00 


99£ 


4,962 50 


16,453 90 


1754 


27,689 50 


12,075 00 


105 


10,500 00 


19,675 00 


188 


18,800 00 


12,266 30 


153J 


17,609 38 


31,095 13 


1964 


47,100 00 


19,500 00 


208 


20,800 00 


10,250 00 


235 


11,750 00 


25,420 00 


143f 


28,725 00 


4,156 25 


48 


2,400 00 


5,012 50 


40 


2,000 00 


7,000 00 


68 


6,800 00 


12,558 75 


298 


15,198 00 


13,825 00 


134 


13,400 00 


13,700 00 


1004 


20,050 00 


5,256 25 


150| 


7,531 25 


4,725 00 


991 


4,975 00 


14,900 00 


150 


15,000 00 


1,090 00 


120 


1,200 00 


11,000 00 


120 


12,000 00 


11,225 00 


102f 


10,275 00 


16,050 00 


96 


14,400 00 


5,970 00 


50 


3,500 00 


$407,084 58 




$485,580 63 



PROVIDENCE WASHINGTON INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated 1799. Commenced business 1799. 

Paid-up Capital, $500,000. 
J. B. BRANCH, President. A. G. BEALS, Secretary. 

Home Office, 20 Market Square. 



Income. 

Net fire premiums, $2,105,649.93 ; marine, $350,765.70, 
Interest on stocks and bonds, 

Total income, 

Ledger assets, Dec. 31, 1904, 

Total 



$2,456,415 63 
103,460 47 

$2,559,876 10 
1,996,708 36 

$4,556,584 46 



Disbursements. 
Net amount paid for fire losses, $1,047,089. 16 ; marine, $249,760.62, $1,296,849 78 
Interest and dividends to stockholders, 50,000 00 



Commissions or brokerage, 

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

Rents, 

Taxes and fees, 

Premiums on securities purchased, 



494,461 59 

149,598 70 

8,804 44 

58,069 86 

78,404 16 



PROVIDENCE WASHINGTON INSURANCE CO. 



331 



Maps, ....... 

Inspections, 

Printing, 

Fire patrol and protective department, 

Traveling, 

Advertising, 

Furniture and fixtures, 
Miscellaneous, 



Total disbursements, 
Balance, 



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



Ledger Assets. 



$6,234 98 

27,289 51 

12,057 05 

6,100 53 

27,590 29 

1,189 72 

3,106 59 

31,298 98 

$2,251,056 18 

$2,305,528 28 



^,840,730 00 

171,477 50 

272,668 48 

20,652 30 



Total ledger assets, $2,305,528 28 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, . 
Market value of stocks and bonds over book value, . 



Gross assets,* 



Assets not admitted. 

Agents' balances over three months due, . 

Bills receivable, past due, 

Total unadmitted assets, 



$660 71 
1,151 67 



4,485 77 
862,320 68 

1,172,334 73 



1,812 38 



Total admitted assets, $3,170,522 35 



Liabilities. 

Unpaid losses, including $16,532.38 resisted, $317,855.45; less 

reinsurance, $54,621.65, 

Unearned premiums on outstanding risks, 



$263,233 80 
1,665,229 35 

$1,928,463 15 

500,000 00 
742,059 20 

Total liabilities, $3,170,522 35 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



. $1,242,059 20 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$289,750,276 00 
. 286,604,232 00 

$576,354,508 00 
.265,407,509 00 

$310,946,999 00 
. 47,836,880 00 



Premiums. 

$3,082,856 10 
2,890,093 83 

$5,972,949 93 
2,560,956 97 

$3,411,992 96 
492,549 60 



$263,110,119 00 $2,919,443 36 



* Including $150,000 special reserve held under Rhode Island law. 



332 



PROVIDENCE WASHINGTON INSURANCE CO. 



Marine risks outstanding Dec. 31, 1904, 
Marine risks written during 1905, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $6,978,446 00 

. 113,566,897 00 

$120,545,343 00 

.113,369,702 00 

. $7,175,641 00 

. 1,033,419 00 



Premiums. 

$266,587 12 
541,775 43 

$808,302 55 
547,125 88 

$261,236 67 
45,478 64 



1,142,222 00 $215,758 03 



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, 



$49,956,710 00 

29,330,849 00 

982,852 00 

228,619 00 

2,555,563 00 

50,000 00 

39,750 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

400 shares Chicago & Northwestern, preferred, . . $40,000 00 245 $98,000 00 

175 " Chicago & Northwestern, common, . . 17,500 00 223 39,025 00 

40 " Cleveland, Cin., Chic. & St. L., common, 4,000 00 107& 4,315 00 

•200 " Cleve., Cin., Chicago & St. L., preferred, 20,000 00 118| 23,700 00 

210 " Great Northern 21,000 00 274 57,540 00 

200 " Illinois Central, 20,000 00 175£ 35,050 00 

200 " Manhattan, 20,000 00 162i 32,450 00 

300 " N. Y. Central & Hudson River, . . . 30,000 00 153| 45,937 50 

660 " New York, New Haven & Hartford, . . 66,000 00 196^ 129,525 00 

250 " Northern Pacific 25,000 00 203 50,750 00 

6 " Northern Securities, 600 00 275 1,650 00 

200 " Old Colony 20,000 00 208 41,600 00 

1,734 " Pennsylvania, 86,700 00 143| 124,522 88 

300 " Pittsburg, Fort Wayne & Chicago, . . 30,000 00 182^ 54,750 00 

200 " Rome, Watertown & Ogdensburg, . . 20,000 00 134 26,800 00 

~Fl (lYin iS?/Of*n 9 

25 shares Central Trust Co., New York, N.Y., . 2,500 00 2,210 55,250 00 

300 " Fourth National, New York, N. Y., . . 30,000 00 220 66,000 00 

375 " Nat. Bk. of Commerce, New York, N. Y., 37,500 00 195 73,125 00 

300 " National Park, New York, N. Y., . . 30,000 00 490 147,000 00 

2,162 " Blackstone Canal Nat., Providence, R. I., 54,050 00 152 82,156 00 

Miscellaneous Stocks. 

50 shares Fall River Gas Works Co., . . . 5,000 00 233 11,650 00 

3 " General Adjustment Bureau, . . . 150 00 100 150 00 

300 " General Electric Co., .... 30,000 00 177 53,100 00 

200 " General Fire Extinguisher Co., . . 20,000 00 285 57,000 00 

300 »« Narragansett Electric Lighting Co., . . 15,000 00 203 30,450 00 

5 " Pacific Coast Salvage Association. . . 250 00 100 250 00 

650 " Providence Gas Co., 32,500 00 206 66,950 00 

500 " Providence Telephone Co., . . . 25,000 00 230 57,500 00 

150 " Temple Iron Co., 15,000 00 100 15,000 00 

5 " Underwriters' Salvage Co., ... 500 00 100 500 00 

1,500 " What Cheer Corporation, .... 200,000 00 133 266,000 00 

Government Bonds. 

Japanese 4?,s, 1925, 19,480 00 91 17,726 80 

United States 2s, 1930, 40,000 00 • 102| 40,950 00 

State and Municipal Bonds. 

Massachusetts 34s, 1923, 5,000 00 103i 5,162 50 

Massachusetts 3*8, 1938 83,000 00 104 J 87,046 25 

Fort Wayne, Ind., 3is, 1919 25,000 00 98| 24,687 50 

Indianapolis, Ind., 4s, 1927 25,000 00 107 26,750 00 

Indianapolis, Ind., 3is, 1909 20,000 00 100 20,000 00 

Pawtucket, R. 1. ,4s, "1923 25,000 00 102?, 25,625 00 

Pawtucket, R. I., 4s, 1929 40,000 00 103 J, 41,400 00 



QUEEN INSURANCE CO. OF AMERICA. 



333 



Railroad Bonds. 
Boston & Lowell 4s, 1916, 
Boston & Maine 4-|s, 1944, 
Boston & Providence 4s, 1918, 
Buffalo Traction Co. 5s, 1948, 
Cleveland Electric 5s, 1913, . 
Columbus & Ninth Ave. 5s, 1993, . 
Columbus Street 5s, 1932, 
East St. Louis & Suburban Co. 5s, 1932, 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh Valley 4|s, 1940, 
N. Y. Cen. & Hudson R. (Lake Shore Coll.) 3|s 
N. Y., New Haven & Hartford 4s, 1907, 
N. Y., New Haven & Hartford 3|s, 1956, 
Northern Pac.-Gt. Northern (C. B. & Q. Col.) 4s 
Old Colony 4s, 1924, 

Old Colony 4s, 1925, .... 
Pere Marquette 4s, 1951, 
United Traction & Electric Co. 5s, 1933, 
Wabash-Pittsburgh Terminal 4s, 1954, . 
West End Street 4is, 1914, . 
West End Street 4s, 1917, 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 4s, 1929, 
Minneapolis General Electric Co. 5s, 1934, 
Narragansett Elec. Lighting Co. 4s, 1908, 
St. Paul Gas Light Co. 5s, 1944, . 
United Electric Light & Power Co. 4^s, 1929, 



1998 
1921 



Book Value. 

$10,000 00 
25,000 00 

100,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
50,000 00 
8,000 00 
17,000 00 
20,000 00 
50,000 00 
25,000 00 
5,000 00 
25,000 00 

25.000 00 
25,000 00 
10,000 00 
25,000 00 
20,000 00 

$1,840,730 00 



Rate. 

102 

116| 

104 

107 

102 

118 

107;| 

102 

99^ 
108f 

88i 
100 J 
117* 

99| 
104 
104 

90 
HOi 

85| 
104i 
1011 



94i 
102| 
194 
101 

963 



Market Value. 
$10,200 00 
29,156 25 
104,000 00 
21,400 00 
10,200 00 
11,800 00 
10,725 00 
25,500 00 
24,875 00 
27,187 50 
22,125 00 
25,000 00 
29,375 00 
49,937 50 

8,320 00 
17,680 00 
18,000 00 
55,250 00 
21,406 25 

5,212 50 
25,406 25 

23,625 00 
25,625 00 
19,400 00 
25,250 00 
19,350 00 

$2,703,050 68 



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, . . 

Interest on mortgage loans, $2,890; stocks and bonds, $211,207. 11 

all other, $5,625.65, 

Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 

Ledger assets, Dec. 31, 1904, .... 

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, 

Reduction in book value of bonds, 
Advertising, printing and stationery, 

Legal expenses 

Furniture and fixtures, 

Miscellaneous expenses, ..... 

Total disbursements, 

Balance, 



$3,439,220 95 

219,722 76 

60 00 

13,425 17 



$3,672,428 88 
6,138,235 10 

$9,810,663 98 



$1,728,907 06 

100,000 00 

634,027 41 

246,116 57 

28,380 31 

84,453 20 

46,297 25 

40,349 46 

1,414 96 

3,281 40 

. 130,913 73 

$3,044,141 35 

$6,766,522 63 



334 



QUEEN INSURANCE CO. OF AMERICA. 



Ledger Assets. 



Mortgages, 

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



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $1,368.28; stocks and bonds, $75,168.68; other- 
assets, $486.56, 

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

Due from other companies for reinsurance, 



Gross assets, 



Assets not admitted. 



Agents' balances over three months due, . 
Special deposits less $445,017.12 liability thereon, 
Total unadmitted assets, .... 



$2,838 84 
93,597 78 



$71,000 00 

6,066,854 79 

163,788 12 

464,879 72 

56,766,522 63 



77,023 52 

294,952 42 

309 24 

$7,138,807 81 



96,436 62 



Total admitted assets, $7,042,371 19 



Liabilities. 

Unpaid losses, including $44,799.79 resisted, $280,651.86 ; less rein- 
surance, $26,871.80, 

Unearned premiums on outstanding risks, $2,715,952.85 ; plus same 
on disallowed reinsurance, $6,437.43, 

Salaries and other miscellaneous expenses, due or accrued, 

Commissions and other charges due agents and brokers, . 

Due for return premiums, $7,087.88 ; reinsurance, $34,633.37, 



All liabilities, except capital and surplus, . 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



1,935,411 14 



$253,780 06 

2,722,390 28 

79,125 38 

9,943 08 

41,721 25 

^3,106,960 05 

1,000,000 00 

2,935,411 14 



Total liabilities, $7,042,371 19 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, . 
Fire risks written during 1905, . 



Total, 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$450,764,273 00 
. 355,352,547 00 

$806,116,820 00 
. 328,861,674 00 

$477,255,146 00 
. 42,680,617 00 



Premiums. 

15,464,485 94 
4,542,538 55 

10,007,024 49 
4,257,914 28 

^5,749,110 21 
538,639 56 



$434,574,529 00 $5,210,470 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, 



$35,200,038 00 
. 17,798,937 00 
. 1,711,324 00 
. 1,000,000 00 



QUEEN INSURANCE CO. OF AMERICA. 



335 



Stock dividends declared from organization of company, . 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, . 



$500,000 00 

100,000 00 

7,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

177 shares Albany & Susquehanna, 

600 " Allegheny & Western, 

331 " Atlanta & Charlotte Air Line, 

200 " Baltimore & Ohio, preferred, 

2,006 " Beech Creek, . " . 

10 " Boston & New York Air Line, preferred, 

350 " Buffalo, Rochester & Pittsburgh, preferred 

500 " Canada Southern, 

350 " Chicago & Eastern Illinois, preferred, 

500 " Chicago, Milwaukee & St. Paul, preferred, 

375 " Chicago & Northwestern, preferred, . 

284 •« Chic, St. Paul, Minn. & Omaha, preferred, 

100 " Cleve.fCin., Chic, & St. Louis, preferred, 

1,000 " Cleveland & Pittsburg, 

200 " Delaware & Bound Brook, 

700 " Fort Wayne & Jackson, preferred, 

1,000 " Illinois Central (Leased Line), . 

290 " Jackson, Lansing & Saginaw, . 

500 " Manhattan Elevated, 

1,400 " Morris & Essex, . 

600 " Nashville & Decatur, 

5 " Naugatuck, 

825 " New York & Harlem, 

965 " New York, Lackawanna & Western, 

300 " North Carolina, . . . 

600 " Pittsburgh, Fort Wayne & Chicago, 

822 " Pittsburg, McKeesport & Youghogheny, 

550 " Rensselaer & Saratoga, 

1,000 " Rome, Watertown & Ogdensburg, 

386 " St. Louis Bridge, first preferred, 

200 " Southwestern, Georgia, 

1,000 " Syracuse, Geneva & Corning, 

200 " Union Pacific, preferred, . 

608 " United New Jersey R.R. & Canal, 

16 " Valley, 

840 " Warren, 

Bank Stocks. 
400 shares Farmers' Loan & Trust Co., New York, 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
10 " Underwriters' Salvage Co., N. Y 

Government Bonds. 
United States 2s, 1930, 

State and Municipal Bonds. 
Georgia 34,8, 1918, . 
Manitoba 5s, 1910 . 
New York 3s, 1912, 
New Zealand 4s, 1929, . 
Quebec 3s, 1937, . 
Montreal, Canada, 3^s, 1942, 
Montreal, Canada, 4s, 1942, 
Ottawa, Canada, 34s, 1928, 
Toronto, Canada, %, 1929, 
Winnipeg, Manitoba, 4s, 1919 
Brooklyn, N. Y., 34s, 1934, 
Brooklyn, N. Y., 34s, 1936, 
Brooklyn, N. Y., 3|s, 1937, 
Brooklyn, N. Y., 3fs, 1927, 
New York, N. Y., 3s, 1925, 
New York, N. Y., 3s, 1920, 
New York, N. Y., 3s, 1914, 
New York, N. Y., 34s, 1930, 
New York, N. Y., 3*8, 1918, 
New York, N. Y., 34s, 1927, 
New York, N. Y., 3$s, 1922, 



Book Value. 

$43,645 04 
90,407 00 
56,223 50 
19,253 90 

110,071 95 
1,090 00 
47,039 80 
31,887 86 
48,878 77 
92,692 56 
73,970 13 
51,157 74 
11,743 06 
96,000 00 
41,341 11 

102,495 00 

104,750 00 
27,295 00 
81,753 90 

100,150 10 

29,250 00 

1,319 86 

149,248 30 

116,839 36 
51,600 00 

101,313 30 
41,100 00 
99,887 50 

113,085 00 
53,961 00 
23.923 25 
99,750 00 
19,164 72 

143,560 55 

2,104 00 

81,848 63 



150 00 
1,000 00 



Kate. 
240 
145 
170 
98 
105 
106 

158;| 
68i 
130 
188i 
245 ^ 
188 
1181 
182 ^ 
206 
145 
1034 
88^ 
162^ 
188 
189 
295 
395 
136 
170 
1821 
135^ 
208 
134 
132 
120 
85 
991 
270^ 
130 
184 



71,600 00 1,450 



100 
100 



10,000 00 102| 

10,000 00 1044 

29,400 00 1054 

50,000 00 lOlf 

49,000 00 1074 

24,500 00 85^ 

34,066 66 92f 

70,000 00 104 

27,900 00 94 

48,428 06 94 

12,000 00 101:1 

75,000 00 100 

290,000 00 100 

155,000 00 100 

5,000 00 100 

25,000 00 91| 

50,000 00 934 

150,000 00 961 

370,000 00 99j 

25,000 00 994 

105,000 00 994 

50,000 00 99| 



Market Value. 

$42,480 00 
87,000 00 
56,270 00 
19,600 00 

105,315 00 
1,060 00 
55,387 50 
34,250 00 
45,500 00 
94,250 00 
91,875 00 
53,392 00 
11,850 00 
91,000 00 
41,200 00 

101,500 00 

103,500 00 
25,520 00 
81,125 00 

131,600 00 

28,350 00 

1,475 00 

162,937 50 

131,240 00 
51,000 00 

109,500 00 
55,485 00 

114,400 00 

134,000 00 
50,952 00 
24,000 00 
85,000 00 
19,900 00 

164,160 00 

2,080 00 

77,280 00 

145,000 00 

150 00 
1,000 00 

10,237 50 

10,450 00 

30,943 50 

50,812 50 

52,675 00 

26,031 25 

31,596 83 

72,800 00 

28,200 00 

45,746 66 

12,150 00 

75,000 00 

290,000 00 

155,000 00 

5,000 00 

22,937 50 

46,750 00 

143,625 00 

367,225 00 

24,875 00 

104,212 50 

49,687 50 



336 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA, 



New York, N. Y., 3|s, 1940, 
Halifax, N. S., 5s, " . 
Portland, Ore., 5s, 1923, 
Richmond, Va., 4s, 1920, 
Richmond, Va., 4s, 1921, 
Richmond, Va., 4s, 1923, 
Richmond, Va., 4s, 1924, 
Richmond, Va., 4s, 1929, 
Richmond, Va., 4s, 1938, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mortgage 4s, 1995, 
Atlantic Coast Line 4s, 1952, 
Baltimore & Ohio prior lien 3|s, 1925, . 
Canadian Northern 4s, 1930, . 
Central Pacific first ref. mortgage 4s, 1949, 
Chesapeake & Ohio 5s, 1939, 

Chic, Burl. & Quincy (Illinois division) 3^s, 1949, 
Chicago & Northwestern 5s, 1921, . 
Chicago & Northwestern 5s, 1933, . 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago, St. Paul, Minneapolis & Omaha 3|s, 1930, 
Cincinnati, Indianapolis, St. L. & Chicago 4s, 1936, 
Hocking Valley 4&s, 1999 
111. Central (St. Louis Division & Terminal) 3|s, 1951 
Indiana, Illinois & Iowa 4s, 1950, . 
Lake Erie & Western 5s, 1937, 
Lake Shore & Michigan Southern 3|s, 1997, 
Lake Shore & Michigan Southern 4s, 1928, 
Long Island guar. ref. 4s, 1949, 
Metropolitan Street 5s, 1997, . 
Mobile & Ohio 1st extens. 6s, 1927, 
New Jersey Junction 4s, 1986, 
New York Central & Hudson River 4s, 1934 
New York & Northern 5s, 1927, . 
Norfolk & Western 4s, 1996, 
Northern Pacific 4s, 1997, 
Northern Pac.-Gt. North. (C 
Oregon Short Line 4s, 1929, 
Ottumwa, Cedar Falls & St. 
Panama 4|s, 1917, . 
Pennsylvania Co. 4*s, 1921, 
Pennsylvania 6s, 19l0, . 
Peoria & Eastern 4s, 1940, 
Rochester & Pittsburgh 6s, 1922, 
St. Louis, Iron Mountain & Southern 5s, 1931, 
Sioux City & Pacific 3*s, 1936, 
Third Avenue 5s, 1937," . 
Union Pacific 4s, 1947, . 
West Shore 4s, 2361, 



B. & Q. Col.) 
Paulas, 1C09, 



4s, 1921, 



Hook Value. 

$237,000 00 

66,000 00 

50,000 00 

1,500 00 

1,000 00 

7,000 00 

2,000 00 

13,500 00 

25,000 00 

12,000 00 
49,227 08 
47,997 70 
48,666 66 
25,000 00 
105,000 00 
47,000 00 

1,000 00 
37,000 00 
50,000 00 
130,550 00 
50,000 00 
25,000 00 
23,593 75 
24,961 30 
25,000 00 
47,000 00 
74,734 38 
25,000 00 
15,000 00 
50,000 00 
30,000 00 
74,711 12 
10,000 00 
28,857 95 
90,158 24 
50,000 00 
24,250 00 

6,000 00 
13,000 00 
50,000 00 
24,362 50 
24,875 00 
18,000 00 
50,000 00 
48,062 50 
10,000 00 
50,000 00 
50,000 00 



Rate. 

99 
115 
1161 
102| 
102£ 
103| 
103^ 
103 
105 

101J 
100 

101* 

991 
117; 

94| 
110 
115 
103f 

96i 

ior 

1074 

94 
100 
117^ 

99| 

99i 
100* 
112| 
121 " 
106* 

99| 
115 
100* 
104| 

99J 

95S 
1021 
104 
106* 
1084 

99* 
125* 
114f 

98 
115* 
104| 
105| 



$6,066,854 79 



Market Value. 

$234,630 00 

69,000 00 

58,125 00 

1,541 25 

1,028 75 

7,218 75 

2,065 00 

13,905 00 

26,250 00 

12,225 00 
50,000 00 
47,125 00 
49,396 66 
24,875 00 
123,375 00 
47,375 00 

1,100 00 
42,550 00 
51,875 00 
135,100 00 
50,500 00 
26,875 00 
23,500 00 
25,000' 00 
29,375 00 
46,882 50 
74,625 00 
25,125 00 
16,875 00 
60,500 00 
31,950 00 
74,812 50 
11,500 00 
30,150 00 
104,250 00 
49,937 50 
23,781 25 

6,150 00 
13,520 00 
53,250 00 
26,433 31 
24,875 00 
22,590 00 
57,437 50 
49,000 00 
11,550 00 
52,375 00 
52,687 50 

6,361,807 21 



THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated April 21, 1841. Commenced business Aug. 9, 1844. 
Paid-up Capital, $300,000. 

CHAS. J. WISTER, Jr., Secretary 

Home Office, 429 Walnut Street. 

Income. 

Net fire premiums, 



WILLIAM CHUBB, President. 
\ 



Deposit premiums on perpetual risks, 

Interest on mortgage loans, f 5,995. 19 ; stocks and bonds, $31,341.08, 
Rents, including company's own occupancy, 



$638,974 08 
4,417 41 
37,336 27 
7,038 59 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



337 



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



Total income, 
Ledger assets, Dec. 31, 1904, 



$1,830 00 
362 55 

$689,958 90 
1,089,424 82 



Total, f 1,779,383 72 



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, $1,644 ; other taxes and fees, $18,737.68, 

Premiums on bonds purchased, 

Stationery, printing and supplies, 

Advertising, maps, furniture and fixtures, 

Inspections and surveys, 

Postage, telephone, telegrams and express, 
Miscellaneous expenses, 



Total disbursements, 



Balance, 



68 

50 
68 



Ledger Assets. 

Real estate, $113,860.65 ; mortgages, $137,700, 
Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents 1 balances, 



$297,196 13 

5,092 00 

21,000 00 

163,554 00 

36,571 04 

2,000 00 

1,419 94 
20,381 

1,617 

5,163 

4,376 52 
14,971 59 

4,794 79 
16,869 29 

$595,008 16 

1,184,375 56 



=251,560 65 

750,816 25 

73,703 71 

108,294 95 



Total ledger assets, $1,184,375 56 



Non-Ledger Assets. 

Interest due and accrued on mortgages, 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, .... 
Premiums on perpetual policies on real estate owned by company, 



Gross assets, 



1,766 73 

491 44 

23,487 50 

1,190 00 

$1,211,311 23 



Assets not admitted. 

Company's stock owned, $1,620 00 

Book value of real estate over market value, . . 2,360 65 

Total unadmitted assets, 



3,980 65 



Total admitted assets, $1,207,330 58 

Liabilities. 

Unpaid losses, including $3,042 resisted, $63,354.65; less rein- 
surance, $6,825.69, $56,528 96 

Unearned premiums on outstanding risks, $532,579.71 ; plus same 

on disallowed reinsurance, $2,592.54, 535,172 25 

Reclaimable on perpetual fire policies, 128,568 84 

Commissions and other charges due agents and brokers, . . . 13,866 60 

All liabilities, except capital and surplus, $734,136 65 



338 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



$473,193 93 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1904, 
Fire risks written during 1905, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 



Net amount in force, .... 
Perpetual risks in force (not included above). 



. $85,369,690 00 

66,775,901 00 

§152,145,591 00 

58,981,574 00 

.$93,164,017 00 

. 8,495,328 00 



$300,000 00 
173,193 93 

$1,207,330 58 



Premiums. 

11,038,369 16 
824,752 84 

• 1,863,122 00 
737,373 33 

.1,125,748 67 

109,710 05 



.$84,668,689 00 $1,016,038 62 
. $5,112,040 00 $141,256 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, 

Dividends declared during the year (7 per cent.), 

Company's stock owned by directors, 



^8,034,954 00 

4,847,849 00 

294,519 00 

1,031,597 00 

21,000 00 

33,100 00 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. 
100 shares Commercial National, Phila., Pa., 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
34 " Omaha Water Co., first preferred, 
27 " Reliance Insurance Co., Philadelphia, 

County and Municipal Bonds. 
Newcastle County, Delaware, 5s, 1906, . 
Allegheny County, Pennsylvania, 4s, 1935, 
Wilmington, Del., 4s, 1922, . 
Wilmington, Del., 4|s, 1921, . 
Atlantic City, N. J.,~4is, 1906, 
New York, N. Y., 3*s, 1954, . 
Allegheny, Pa., 4s, 1934, 
Chester, Pa., 4s, 1926, .... 
Pittsburgh, Pa., 4s, 1915, 
South Bethlehem, Pa., 4s, 1920, . 

Railroad Bonds. 
Allegheny Valley 4s, 1942, . 
Allegheny Valley 7s, 1910, . 
Allentown Terminal 4s, 1919, 
Atchison, Topeka & Santa Fe gen. mortgage 4s, 1995, 
Atlantic Coast Line 4s, 1952, 
Baltimore & Ohio prior lien 34s, 1925, . 
Camden & Atlantic 5s, 1911, 
Central of New Jersey equipment 4s, 1906, 
Chesapeake & Ohio 44s, 1992, 
Chesapeake & Ohio equipment 4s, 1915, 
Delaware River Ferry Co. 5s, 1921, 
Denver & Rio Grande 4s, 1936, 
Easton & Amhoy 5s, 1920, 
Electric & Peoples Traction 4s, 1945, . 
Erie prior lien 4s, 1996, .... 
Erie general lien 4s, 1996, 



Book Value. 
$700 00 

150 00 
1,700 00 
1,350 00 

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

5,000 00 
25,000 00 
10,000 00 

5,000 00 
18,000 00 

4,000 00 

10,000 00 
10,000 03 
15,000 00 
10,000 00 
14,156 25 
18,587 50 
30,000 00 

9,775 00 
10,000 00 
14,643 00 

6,000 00 

9,887 50 
20,000 00 

9,875 00 
14,932 00 
13,617 50 



Rate. 

100 
140 

100 

106| 

103 

108i 

100" 

100 

106 

1052 

104| 

10l| 

103 

1104 

1004 
lOlf 

100 

944 
1054 

99 1 
106| 

98" 
102 

99f 
109 

1004 

994 
92 



Market Value. 
_* 

$150 00 
1,890 00 

5,000 00 
10,662 50 
10,300 00 
10,850 00 

5,000 00 
25,000 00 
10,600 00 

5,281 25 
18,832 50 

4,060 00 

10,300 00 
11,025 00 
15,075 00 
10,187 50 
15,000 00 
18,850 00 
31,575 00 
9,937 50 
10,650 00 
14,700 00 
6,120 00 
9,975 00 
21,800 00 
10,025 00 
14,887 50 
13,800 00 



* Value indeterminable. 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



339 



R. & Coal 5s, 1925, 



1921, 



1939 



Erie & Pittsburgh 3.\s, 1940, . 

Huntingdon & Bd. Top Mount. R 

Lehigh Valley Us, 1923, 

Lehigh Valley 4s", 1948, . 

Louisville & Nashville 6s, 1919, 

Missouri & Pacific 5s, 1920, . 

N. Y. Cent. & Hud. Riv. (Lake Shore Col.) 3is, 1998, 

New York, Philadelphia & Norfolk 4s, 1939, 

Norfolk & Western equipment 4s, 1914, 

Norfolk & Western 4s, 1944, . 

Northern Pacific 3s, 2047, 

North. Pac.-Gt. North. (C, B. & Q. Col.) 4s 

North Pennsylvania 4s, 1936, 

People's Passenger 4s, 1943, . 

Pennsylvania Co. 3hs, 1916, . 

Pennsylvania equipment trust 4s, 1914, 

Pennsylvania 5s, 1919, .... 

Pennsylvania & New York Canal & R.R. 4s 

Philadelphia & Baltimore Central 5s, 1911, 

Philadelphia & Erie 5s, 1920, 

Philadelphia & Erie 4s, 1920, 

Philadelphia & Reading 4s, 1937, 

Philadelphia & Reading 7s, 1911, 

Philadelphia Traction 4s, 1917, 

Pittsburgh, Cincinnati, Chicago & St. Louis 3^s, 1949, 

Reading Co. (Jersey Central Col.) 4s, 1951, . ~ . 

Reading Co. and Phila. & Read. Coal and Iron 4s, 1997 

Second Avenue Traction, Pittsburgh, Pa., 5s, 1934, 

Steubenville & Indiana 5s, 1914, . 

United N. J. R. R. & C. Co. 4s, 1S23, . 

United Traction, Pittsburgh, Pa., 5s, 1997, 

West Jersey & Seashore 4s, 1936, . 

Western Pennsylvania 4s, 1928, 

Western New York & Pennsylvania 5s, 1937, 

Miscellaneous Bonds. 
Omaha Water Co. 5s, 1946, .... 
Susquehanna Coal Co. 6s, 1911, 
West Chester Lighting Co. 5s, 1950, 



Book Value. 

$10,000 00 

10,000 00 

25,000 00 

5,000 00 

7,000 00 
15,000 00 

4,531 25 

5,000 00 

9,815 00 
14,887 50 
11,056 25 
19,221 25 

5,000 00 
10,000 00 
29,075 00 
10,000 00 

4,000 00 
20,000 00 
10,000 00 
25,000 00 

5,000 00 
10,000 00 

4,000 00 

5,000 00 
36,000 00 

9,500 00 
14,356 25 
15,000 00 
20,000 00 

5,000 00 
10,000 00 

5,000 00 
10,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

$750,816 25 



Rate. 

97 

105£ 

107 

110 

112 

1051 

88i 

102^ 

98 

98 

76| 

mi 

109 
1021 
97^ 
100 
113 
1001 
102^ 
117 
1031 
102^ 
114 
104 
92i 
991 
10lf 
113 
100 
106 
110* 
102 J 
1031 
116| 

82 
102 
108 



Market Value. 
$9,700 00 
10,525 00 
26,750 00 

5,500 00 

7,840 00 
15,825 00 

4,425 00 

5,100 00 

9,800 00 
14,700 00 
11,493 75 
19,975 00 

5,450 00 
10,250 00 
29,100 00 
10,000 00 

4,520 00 
20,100 00 
10,200 00 
29,250 00 

5,175 00 
10,200 00 

4,560 00 

5,200 00 
33,300 00 

9,950 00 
15,206 25 
16,950 00 
20,000 00 

5,300 00 
11,050 00 

5,100 00 
10,350 00 

5,825 00 

8,200 00 

5,100 00 

10,800 00 



$774,303 75 



RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY, 

PROVIDENCE, R. I. 

Incorporated 1848. Commenced business 1848. 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Home Office, 10 Weybosset Street. 






Income. 

Net premiums, 

Interest on stocks and bonds, f 33,493. 66 ; all other, $1,956.16, 

Profit on sale or maturity of ledger assets, . 

From all other sources, 

Total income, . . . 
Ledger assets, Dec. 31, 1904, 

Total, 

Disbursements. 

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

Rents, . 

Taxes and fees, 



§684,480 27 

35,449 82 

5,100 00 

2,500 00 

$727,530 09 
707,229 01 

1,434,759 10 



$27,062 33 
580,135 40 

12,549 28 
1,199 00 

12,474 05 



340 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



Reduction in book value of stocks, 

Inspections, 

19U5 premiums paid in 1904, 

Interest, 

Incidental expenses, . 

Total disbursements, . 



Ledger Assets. 



Balance, 

Stocks and bonds (Schedule A), 
Cash in banks, . 
Agents 1 balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On bonds, 1666.67 ; other assets, $7,870.64, 
Market value of stocks and bonds over book value, 

Gross assets, 

Assets not admitted 
Dividends not declared or guaranteed, 

Total admitted assets, ..... 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes accrued, 



87,173 59 

336,488 59 

10,819 03 

. $354,481 21 
637,790 70 

Total liabilities, $992,271 91 



All liabilities, except surplus, 
Surplus, 



$1,435 00 

10,703 79 

50 00 

290 56 

2,420 97 

$648,320 38 

$786,438 72 



$744,524 74 
28,142 41 
13,771 57 

$786,438 72 



8,537 31 
200,544 02 

$995,520 05 



3,248 14 
$992,271 91 



Risks and Premiums. 



Risks outstanding Dec. 31, 1904, 
Risks written during 1905, 

Total 

Risks expired and terminated, . 

In force at end of year, 



Amount. 

. $75,641,564 00 
. 89,885,470 00 



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

608,340 52 $3,041,702 60 
717,268 19 3,586,340 95 



$165,527,034 00 $1,325,608 71 $6,628,043 55 
. 81,276,894 00 652,631 53 3,263,157 65 



. $84,250,140 00 $672,977 18 $3,364,885 90 



Miscellaneous. 

Losses incurred during the year, . ... 
Profits or surplus returned during 1905, 93.58 per cent. 



$32,829 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Bait. & Ohio, preferred, 
220 " Chicago, Burlington & Quincy, . 
200 " Chicago, Milwaukee & St. Paul, preferred, 
500 " Chicago & Northwestern, 
100 " Clev., Cinn., Chic. & St. L., preferred, 
100 " Delaware & Hudson Co., 
100 " Great Northern, preferred, . 
20 " Gt. Northern preferred, 1st ins. paid, . 



Rook Value. 
$9,212 50 
16,000 00 
36,425 00 
79,816 25 
10,162 50 
16,130 00 
16,920 03 
500 00 



Kate. 
98 
200 
188i 
223 
118^ 
220" 
274 
320 



Market Value. 
§9,800 00 
44,000 00 
37,700 00 
111.500 00 
11,850 00 
22,000 00 
27,400 00 
1,600 00 



ROCHESTER GERMAN INSURANCE CO. 



341 



300 
200 
115 
115 
100 
500 
150 
3 
1,900 
150 
250 
200 
400 

200 

100 

50 

200 



shares Illinois Central, .... 

" Manhattan, .... 

«' N. Y. Cent. & Hud. River, 

" N. Y. Cent. & Hud. River, rights, 

" N. Y., Lack. & Western, . 

" N. Y., N. H. & Hart., 

" Northern Pacific, 

" Northern securities, . 

" Pennsylvania, .... 

" Pitts., Ft. Wayne & Chicago, . 

" Providence & Worcester, . 

" Rome, Watertown & Ogdensburgh, 

" Union Pacific, preferred, . 

Bank Stocks. 
shares Merchants Nat'l, Providence, R. I. , . 
" Nat'l Bank of Commerce, Prov., R. I., 
" N. B. of N. A., Prov., R. I. (liquidating), 

Miscellaneous Stocks. 
shares American Tel. & Tel. Co., 



Bonds. 
United States 4s, 1925, . 
N. Y., N. H. & Hart. R.R. 3^8, 1956, 
American Tel. & Tel. Co. 4s," 1929, 



Book Value. 


Kate. 


Market Value. 


$32,525 28 


175i 


$52,575 00 


30,612 50 


162i 


32,450 00 


14,962 50 


163* 


17,609 38 


- 


6| 


790 63 


12,200 00 


136 


13,600 00 


86,570 00 


196^ 


98,125 00 


16,975 47 


203 


30,450 00 


249 71 


275 


825 00 


116,977 43 


143$ 


136,443 75 


25,359 00 


182i 


27,375 00 


56,000 00