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Full text of "Forty-Ninth Massachusetts Fire"

Wk 

I 



State Library 



OF 



MASSACHUSETTS. 



B. 



Return as Soon as Use 1 



i / 



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



FORTY-NINTH ANNUAL REPORT 



or THE 

/ 

Insurance Commissioner 



OF THE 



Cnmmotxfojeali^ ai IPassarfettSjeiis, 



January 1, 1904. 



PART I. 

FIRE AND MARINE INSURANCE. 




BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1904. 



■ 



Approved by 
The State Board of Publication. 



ft 



TABLE OP CONTENTS. 



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



COMMISSIONER'S REPORT. 

PAGE 

Introductory v 

Companies admitted, v 

Companies ceasing to do Business, v 

Suggestions for Legislation vi 

The Baltimore Conflagration, viii 

Department Examinations, xii 

Finances of the Department, xiii 

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

Massachusetts Mutual Fire Insurance Companies: 

Comparative Table A, xv 

Massachusetts Mutual Fire-Marine Insurance Companies : 

Comparative Table B, xv 

Massachusetts Joint-Stock Insurance Companies : 

Comparative Table C, xvi 

Insurance Companies of Other States : 

Comparative Table D, xvii 

United States Branches of Foreign Insurance Companies : < 

Comparative Table E, xviii 

Aggregates of All the Companies, xix 

Massachusetts Mutual Fire Insurance Companies: 

Table I. — Assets, liabilities and surplus, xx 

Table II. — Risks, income and disbursements, xxi 

Table III. — Premiums, losses and expenses, xxii 

Massachusetts Mutual Fire-Marine Insurance Companies : 

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

Table V — Income and disbursements, premiums, losses and expenses, xxiii 



IV CONTENTS. 

PAGE 

Massachusetts Joint-Stock Insurance Companies: 

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

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

Insurance Companies of Other States: 

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

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

United States Branches : 

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

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

Massachusetts Business in Detail: 

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

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

DETAILED STATEMENTS. 

Massachusetts mutual fire companies, 1 

Massachusetts mutual fire-marine companies 86 

Massachusetts joint-stock fire and fire-marine companies, 91 

Fire, marine and fire-marine insurance companies of other States, . . . 104 

United States branches of foreign companies, 393 

Appendix, 475 

Report of the Massachusetts District Police, Fire Marshal's department, . . 477 



Commmtbxealiir af Ulassaxjjitsttts. 



Insurance Department, Boston, May 20, 1904. 
To the General Court of Massachusetts. 

In submitting volume I. of the forty-ninth report of the 
Massachusetts insurance department, it should be said at the 
outset that it relates only to fire and marine insurance com- 
panies and their business. 

The following is a list of the companies admitted during the 
year, and also in 1904, up to the date of this report : — 



NAME OF COMPANY. 



Location. 



Date of 
Authority. 



Capital. 



Alliance Assurance, . . 

Insurance Company of State of Pennsylvania, 

Home Fire of Baltimore, 

Federal 

Sea and Lake 

German American Fire 

Moscow Fire, 



Star Fire, . 
Lumbermen's Mutual, 
Rossia, 



London, . 
Philadelphia, 
Baltimore, 
Jersey City, 
Chicago, . 
Baltimore, 
Moscow, . 

Frankfort, Ky 
Mansfield, O., . 
St. Petersburg, 



1903. 


June 


16, 


June 


27, 


August 8, 


Sept. 


2, 


Sept. 


12, 


Oct. 


13, 


Dec. 


8, 


1904. 


Jan. 


6, 


Jan. 


12, 


March 


5, 



$200,000* 
200,000 
200,000 

1,000,000 
301,500 
200,000 
200,000* 

200,000 

200,000* 



* Deposit capital. 



The names of the companies which ceased to do business 
during the year 1903, and in 1904 to date, are given in the 
following table : — 



NAME 
OF COMPANY. 



Location. 



Date. 



Capital. 



Remarks. 



Liverpool and London 
and Globe of N. Y , 
North American, 
Michigan Fire and 

Marine, . 
Sea and Lake, 
National-Standard, 

Greenwich, 

Firemen's, . 
Home Fire of Balti 
more, 

Potomac, 

Atlas Mutual, 
Lafayette Fire, . 

Reliance Marine, 
Thurinaia, • 
Charles Rivet Mutual 



New York City, 
Boston, 

Detroit, 

Chicago, 

New York City, 

New York City, 

Baltimore, . 

Baltimore, . 

Washington, D C 

Boi 



l>n|Aon, 
New York 



k City, 



Liverpool, . 
Erfurt, Germany, 
Boston, 



1903. 

April 1, 
May 26, 


$200,000 
200,000 


June 1, 

Dec. 11, 

Dec. 31, 

1904. 

Feb. 16, 


400,000 
301 ,500 
200,000 

200,000 


Feb. 17, 


400,000 


Feb. 17, 


200,000 


Feb. 25, 


200,000 


Mch. 11, 
Mch. 16, 


200,000 


Mch. 24, 

April 7, 
April 8, 


300,000 * 
200,000* 



Withdrew. 

Reinsured in Royal Exchange. 
In liquidation. 

Withdrew. 

Withdrew. 

Merged into Assurance Com- 
pany of America. 

Reinsured in Commercial Union 
Assurance. 

Withdrew. Receiver ap- 
pointed. 

Withdrew. Receiver ap- 
pointed. 

Reinsured in North British and 
Mercantile. 

Receiver appointed 

Reinsured in National, Hart- 
ford. 

Withdrew. 

Reinsured iu Fireman's Fund. 

Perpetually enjoined. 



* Deposit capital. 



vi report of the 

Suggestions for Legislation. 

At the opening of the present session of the General Court 
the Insurance Commissioner offered suggestions for legislation 
as follows : — 

To the General Court of Massachusetts. 

In accordance with the provisions of Revised Laws, chapter 18, 
section 6, there is herewith submitted such portions of the forthcom- 
ing report of the Insurance Commissioner as contain suggestions for 
legislation. 

Revised Laws, chapter 118, section 39, should be amended by in- 
serting after the word " perjury," in the twenty-first line of said sec- 
tion, a provision forbidding mutual fire insurance companies operating 
on the cash premium plan (as provided in section 45 of said chapter), 
which have become insolvent, or have reinsured or cancelled their 
business, from issuing any more policies until they have business 
enough applied for to bring them up to the same standard of respon- 
sibility as is required of a new mutual fire insurance company before 
it is allowed to bind risks. 

Section 61 of the same chapter should be amended by providing 
that the authority of the class of corporations specified therein shall 
cease in this Commonwealth on March 31 of each year, unless renewed 
by the Insurance Commissioner on or before that date. 

The standard form of fire insurance policy should be amended by 
specifying whether the word u noon," occurring therein, shall be the 
noon of solar or of standard time. 

Authority should be granted some commission or official to dispose 
of or destroy such of the old papers of defunct insurance companies 
and associations now in compliance with the law in the custody of the 
insurance department as are deemed to be of no value. 

Jan. 5, 1904. 

Bills were drafted to cover all these suggestions, and offered 
for the consideration of the insurance committee. All were 
favorably reported, and were enacted and approved. 

The one of chief importance relates to mutual fire insurance 
companies, and amended section 39 of Revised Laws so as to read 
as follows, the portion in italics constituting^he change from the 
section as it was prior to the adoption of its amendment : — 

Section 39. No policy shall be issued by a purely mutual fire in- 
surance company organized subsequent to the twenty-third day of 
April in the year eighteen hundred and ninety-four, nor by a mutual 



INSURANCE COMMISSIONER. Vll 

fire insurance company with a guaranty capital of less than one 
hundred thousand dollars, until not less than one million dollars of 
insurance, in not less than four hundred separate risks upon property 
located in this Commonwealth, has been subscribed for and entered 
on its books ; except that in any town of less than four thousand 
inhabitants a company may be formed to insure only dwelling houses, 
farm buildings and their contents within such town, and may issue 
policies when fifty thousand dollars of insurance has been subscribed 
for. No policy shall be issued under the provisions of this section 
until the president and secretary of the company shall have certified 
under oath that every subscription for insurance in the list presented 
to the insurance commissioner for approval is genuine, and made with 
an agreement with every subscriber for insurance that he will take 
the policies subscribed for by him within thirty days of the granting 
of a license to the company by the insurance commissioner to issue 
policies. If such officers shall take a false oath relative to such 
certificate they shall be guilty of perjury. 

No mutual fire insurance company operating on the cash premium 
plan as provided in section forty five, 7ior any mutual fire insurance 
company with a guaranty capital of less than one hundred thousand 
dollars, either of which has become insolvent, or has reinsured or can- 
celled its risks so that it has on its books less than one million dollars 
of insurance in force, yiot reinsured, in not less than four hundred 
separate risks in this Commonwealth, shall make any farther insur- 
ances until it has secured applications for policies which, together with 
the unreinsured risks in force shall amount to not less than one million 
dollars in not less than four hundred separate risks in this Common- 
wealth, said applications to be subject to the same provisions of this 
section as apply to the subscriptions for insurance in a new company. 
Upon the filing of such applications with the insurance commissioner 
he may make such investigation as he deems proper and if his findings 
warrant it grant a license to such company to issue policies. No officer 
or other person whose duty it is to determine the character of the 
risks, and upon whose decision the applications shall be accepted or 
rejected by a mutual fire insurance company, shall receive as any 
part of his compensation a commission upon the premiums, but his 
compensation shall be a fixed salary and such share of the net profits 
as the directors may determine. Nor shall such officer or person 
aforesaid be an employee of any officer or agent of the company. 

Section 2. This act shall take effect upon its passage. [Ap- 
proved May 6, 1904. 

The reasons for this measure were set forth in the last report 
of this department. Its effect will be to keep out of the field 



Vlll REPORT OF THE 

irresponsible mutual companies which have insufficient patron- 
age to give reasonable asssurance that the law of averages 
upon which insurance is based will reduce the speculative 
element to the extent that has been deemed necessary in start- 
ing a new company. Under the act, if a mutual company, 
such as is designated therein, falls below the standard estab- 
lished by the statute for a new company, its course, if it 
desires to remain in the field, is to secure new applications in 
sufficient number and amount to bring it up to that standard. 
It can issue no new policies until that point has been reached. 
If, however, no new policies are issued for the period of one 
year, the charter of the company becomes void, as provided in 
section 28 of chapter 118 of the Eevis.ed Laws. The effect is, 
therefore, that such a company, if it falls below the standard, 
must obtain sufficient applications to bring it back again within 
a year ; otherwise, its corporate powers expire. 

The Baltimore Conflagration. 

The conflagration hazard is the suspended sword over the 
head of the underwriter. Ordinary losses by fire can to quite 
a degree of certainty be foretold, and rates be charged which 
will furnish sufficient means to pay the claims as they accrue. 
But, although the rate may be loaded on account of the con- 
flagration liability, the underwriter can never be sure of its 
adequacy, even though he has heeded the voice of experience, 
and scattered his risks. But it may be fairly said, however, 
that the menace is less to-day than it was at the time of the 
Chicago and Boston conflagrations. Companies are stronger, 
and they write with greater care. A big conflagration now 
would not deflect the current of history as it did a quarter of 
a century ago. Locally how different might have been the 
record of fire insurance companies if there had been no Boston 
conflagration. Undoubtedly but for that catastrophe those 
old Boston institutions which were swept away in 1872 would 
still be in the field. But insurance companies had not then 
had burned into them the fact that it is an invitation to fate 
to concentrate business. By this Boston experience the sur- 
vivors learned wisdom. Had it been gained in some other 
locality, Boston companies would have escaped and Boston 
would undoubtedly be a centre of insurance capital to-day. 



INSURANCE COMMISSIONER. 



IX 



Yet the fact is, that that greater disaster gave local capital 
such a fright that, although there is encouragement for all 
other classes of enterprises, even the most hazardous, there 
has arisen during the last few years no great stock fire insur- 
ance company controlled by Massachusetts capital and brains. 
And yet it cannot be said that, even with the conflagration 
risk included, it has been impossible to make a success from a 
business point of view of conducting a tire insurance company. 
That can be disproved in our own State by the success of our 
two great stock companies, and emphatically disproved by 
crossing the line into the great insurance city of Hartford, 
whose magnificent insurance companies would give distinction 
and be a source of wealth to any city. Although there have 
been years of depression, yet in the long run these companies 
have prospered, and it is a very happy circumstance that this 
can be said. A poor, cadaverous fire insurance company is 
not an enterprise to inspire confidence. It is those that can 
meet their losses under hard conditions which prevent business 
upheavals and keep the wheels of enterprise in motion. It is 
worth something to the public to know how strong are the 
supports upon which it is placing so great dependence. A 
demonstration of that strength has been given by the way the 
Baltimore losses have been met. The companies concerned 
in that conflagration have furnished the department figures 
relating to their losses in that disaster, bringing them up to 
April 30, so that they are practically the figures which will 
stand as the record for the companies authorized in Massa- 
chusetts which had losses in that conflagration. 

Effect of Baltimore Fire as Shown by the Companies' Figures. 

Massachusetts Companies. 



companies. 



Gross 
Amount 

of 
Insurance. 



Re- 

insurance 
recovered. 



Salvage. 



Net Loss. 



Surplus to 

Policy 

Holders 

December 

31. 



American Insurance Company, 
Boston, .... 

Cotton and Woolen Manufac 

Hirers' Mutual, 
India Mutual, 
ImliiHt rial Mutual, 
Lumber Mutual Fire, . 
Mercantile Fire and Marine, 
Rubber Manufacturers' Mutual, 
Springfield Fire and Marine, 



$143,887 00 
321,973 00 

35,000 00 

14,993 06 

24,500 no 

2,000 00 

133.600 00 
35,000 00 

673,105 00 



$3,750 00 
21,062 00 



54,689 68 
168,240 00 



$28,662 39 $111,474 61 
45,618 00 255,293 00 



400 00 

26,154 16 
53,905 50 



468 30 

14,593 06 

327 81 

2.000 00 

52,756 16 

468 30 

450,050 50 



$425,159 
2,856,227 

91,457 

201,629 

25,285 

80 532 

514,209 

125,023 

3,567,612 



REPORT OF THE 



Companies of Other States. 



COMPANIES. 



Gross 

Amount 

of 

Insurance. 



Re- 

insurance 
recovered. 



Salvage. 



Net Loss. 



Surplus to 

Policy 

Holders 

December 

31. 



.^Etna Insurance Company, 
Agricultural, 
American (Newark), . 
American Central, 
American Fire, . 

Assurance Company of America, 
British American Insurance 

Company of New York, . 
Camden Fire Insurance Associa 

tion, 

Central Manufacturers' Mutual 
Citizens", Missouri, 

Colonial Assurance, . 
Colonial Fire, . 
Columbia, .... 
Commercial Union Fire, 
Commonwealth, . 

Connecticut Fire, 
Continental, .... 

Delaware 

Dutchess 

Empire City Fire, 

Equitable Fire and Marine, 

Farmers' Fire, 

Federal, 

Fire Association, 

Fireman's Fund, . 

Franklin Fire, 
German Alliance, 
German American, 
German American Fire, 
German Fire, 

Germania Fire, . 
Glens Falls, . 
Granite State Fire, 
Hanover Fire, 
Hartford Fire, 

Home, .... 
Home Fire and Marine, 
Hope Mutual Fire, 
Indemnity Fire, . 
Insurance Company of North 
America, ..... 

Insurance Company of State of 

Pennsylvania, . 
Kin«s County Fire, 
Mechanics' and Traders', 
Mercantile Mutual Fire, 
Millers' National, 

Milwaukee Fire, . 
Milwaukee Mechanics', 
Nassau Kire, 
National Fire, 
National Union Fire, . 

New Hampshire Fire, 

New York Fire, . 

Niagara Fire, 

North British and Mercantile, 

Northern, .... 



$846,500 00 

539,225 00 

296,077 43 

232,569 24 

277,617 28 

231,393 00 

62,553 00 

54,773 00 

2,500 00 

341,862 00 

37,750 00 

15,750 00 

2,875 32 

26,165 00 

52,950 00 

349,425 00 

1,163,130 08 

164,880 00 

116,275 00 

25,382 00 

131,600 00 
130,175 00 
53,125 00 
466,473 77 
473,541 16 

205,000 00 
74,911 00 
818,930 00 
446,146 00 
113,000 00 

375,625 00 

272,071 00 

17,250 00 

462,172 62 

1,531,604 00 

1,226,255 13 

160.850 82 

31,500 00 

86,998 50 

551,923 00 



16,000 00 
44,-196 00 
65,075 00 
24,500 00 
7,500 00 

39,677 09 

405.781 51 

65.062 00 

1,062,366 57 

140,315 19 

689,106 00 
37,200 00 

343,350 00 
93,897 08 

172,000 00 



5160,000 00 

196,958 97 

22,036 00 

4,000 00 



11,669 00 
3,612 34 



212,697 00 


2,500 00 


600 00 
500 00 


4,000 00 
30,403 83 

9,444 00 
52,835 88 


3,500 00 

750 00 

16,000 00 

99,019 39 


35,000 00 


222,302 00 
53,652 00 


70,595 85 
35,985 51 


58,186 71 
86,171 00 


393,662 48 
15,245 59 


34,534 32 


33,774 00 


74,300 91 


192,421 64 
8,087 41 


62.313 62 
1,847 83 
16.250 00 
73,315 08 
16,211 75 



5126,000 00 

101,746 93 

28,193 26 

24,000 00 



44,724 00 

3,842 26 

13,808 53 

50,115 00 

4,871 47 
3,800 00 

8,746 95 

52,159 65 

209,048 61 

14,6*1 00 



$560,500 00 
240,519 10 
245,818 17 
204,569 24 
277,617 28 

175,000 00 

55,098 40 

40,964 47 

2,500 00 

79,050 00 

30,378 53 
11,950 00 
2,275 32 
25,665 00 
44,203 05 

293,265 35 



J.U.UUO 4-t 

7,804 88 


10,348 97 
10,500 00 
10,810 02 
93,869 00 
52,090 88 


12.102 21 
9.936 00 
78,994 00 
73,244 00 
14,356 00 


38,772 45 

51,327 73 

4,722 65 

51,081 98 

236,246 00 


84,630 91 
22,995 98 


8,804 87 


10,081 00 


35 05 

4,114 00 

5.324 41 

24,172 19 


250 00 

6,740 15 

12,865 72 

170,373 41 

6,485 00 


245,805 35 

11,906 69 

60,694 22 

3,189 17 

12,000 00 



923,677 
140,756 


64 
00 


52,835 


88 


17,577 


12 


121,351 


03 


116,175 00 


41,564 98 


3o6,604 


77 


322,430 


89 


157,897 


79 


64,975 


00 


517,634 00 


319,250 


00 


98,644 00 


266,256 


70 


184,757 


76 


12.527 


35 


352,903 93 


1,209,187 


00 


747,961 


74 


122,609 


25 


421 


47 


43,659 


31 


508,068 00 


15,964 


95 


40,382 00 


59,750 


59 


327 


81 


7,500 00 


39,427 09 


324,740 


45 


52,196 


28 


699,571 


52 


125,742 78 


380.987 


03 


23,445 


48 


266,407 


78 


17,392 


83 


143,788 


25 



110,023,993 

1,287,314 

2,721,590 

2,2o2,955 

806,824 

648,355 

•232,111 

602,801 

57,095 

381,723 

268,710 
221,905 
424,808 
281,317 
930,184 

2,351,627 

7,542,346 

847,848 

303,687 

225,438 

659,906 

374,292 

1,081,535 

1,367,478 

2,948,591 

1,445,085 

833,236 

7,050.328 

t 427,653 

402,273 

3,437,066 
2,605,593 
300,239 
1,544,413 
4,657,409 

9,567,488 
664,619 
137,501 
250,875 

5,306,358 



271,412 
275,100 
404.465 
86,330 
501,212 

302,497 
1,519.464 

408,556 
2,76.',037 
1,071,809 

2,192,527 
277,571 

1,630,226 
556,604 
416,332 



* Stockholders have since contributed $40,000 to surplus. 

f Stockholders have been assessed and have paid in $150,000 to make good impairment. 



INSURANCE COMMISSIONER. 



XI 



Companies of Other States — Concluded. 













Surplus to 




Gross 

Amount 

of 

Insurance. 


Re- 






Policy 


COMPANIES. 


insurance 


Salvage. 


Net Loss. 


Tlolders 




recovered. 






December 
31.' 


North River 


$155,146 67 


$26,057 23 


$31,026 60 


$98,062 84 


$580,718 


Northwestern National, 


138,050 00 


12,803 31 


18,306 25 


106,940 44 


1,759,083 


Orient, 


161,972 00 


4,850 00 


11,216 22 


145,905 78 


1,122,531 


P. lican Assurance, ... 


99,113 33 


- 


19,564 84 


79,548 49 


*278,674 


Pennsylvania Fire, 


456,005 00 


20,125 00 


53,732 45 


382,147 83 


2,866,645 


Phenix, 


494,350 00 


12,500 00 


59,465 00 


422,385 00 


2,602,633 


PhiladiljihiaManufacturere' Mu- 












tual Fire 


- 


- 


- 


234 15 


152,678 


Phoenix (Hartford), . 


329,494 95 


- 


173 10 


329,321 85 


3,395,698 


Providence Washington, . 


214,826 00 


45,909 25 


17,237 28 


151,678 47 


860,489 


Queen, 


547,432 00 


32,080 00 


91,691 00 


423,661 00 


3,458,681 


Reliance 


170,658 00 


13,350 00 


33,363 00 


133,945 00 


516,782 


Rochester German, 


456,030 93 


200,965 20 


175 95 


254,889 78 


764.134 


Security, 


875 00 


- 


- 


875 00 


592,052 


Sprint; Garden, .... 


225,960 00 


59,516 66 


19,185 01 


147,258 33 


551,204 


St. Poul Fire and Marine, . 


225,048 00 


6,290 30 


43,847 84 


174,909 86 


1,439,541 


Teutonia, . . • » • 


58,137 00 


5,300 00 


4,801 00 


48,036 00 


349,850 


Traders', 


241,777 85 


11,712 04 


27,388 04 


202,677 77 


1,493,043 


Union of Philadelphia, 


95,880 00 


1,101 65 


16,702 88 


78,075 47 


|230,014 


United Firemen's, 


121,426 00 


8,750 00 


11,674 41 


101,001 59 


499,000 


United States Fire, 


78,489 00 


2,903 82 


11,159 46 


64,425 72 


357,997 


United States Lloyds, 


835 00 


320 00 


_ 


515 00 


647,162 


Victoria Fire, .... 


37.550 00 


- 


4,750 00 


32,800 00 


250,685 


Westchester Fire, 


286,719 25 


43,500 00 


35,000 ,00 


208,219 25 


1,495,634 


What Cheer Mutual Fire, . 


31,500 00 


- 


- 


421 47 


153,582 


Williamsburgh City Fire, . 


181,993 00 


13,102 57 


17,340 96 


151,549 48 


1,471,942 



* Stockholders have since contributed $50,000 to surplus. 

t Stockholders have contributed $224,647.50 in cash since the fire. 



United States Branches of Foreign Companies. 



COMPANIES. 


Gross 
Amount 

of 
Insurance. 


Re- 
insurance 


Salvage. 


Net Loss. 


Re- 
ceived 
from 


Surplus 

to Policy 

Holders 




recovered 






Home 


Decem- 










Office. 


ber 31. 


Aachen and Munich, 


$190,735 00 


$29,742 10 


$16,856 42 


$144,136 48 


$180,000 


$340,141 


Atlas Assurance, 


296,303 00 


45,414 00 


25,379 00 


225,510 00 


238,078 


427,352 


British America Assurance, . 


265,780 00 


27,184 12 


41,470 69 


197,125 19 


_* 


299,801 


Caledonian, .... 


303,905 00 


26,350 00 


52,815 00 


224,740 00 


- 


566,418 


Cologne Reinsurance, 


137,000 00 


- 


19,000 00 


118,000 00 


_* 


279,683 


Commercial Union, . 


540,142 00 


99,012 00 


62,525 00 


378,605 00 


_ 


1,226,799 


Hamburg Bremen Fire, . 


153,150 00 


50,000 00t 


-> 


103,150 00 


_* 


330,359 


Liverpool and London and 














Glohe, 


1,280,990 00 


219,705 02 


235,925 82 


825,359 16 


_* 


4,345,414 


Law, Union and Crown, . 


135,000 00 


7,750 00 


22,000 00 


105,250 00 


87,675 


447,668 


London Assurance Corpora- 














tion, 


233,454 00 


8,228 80 


27,419 18 


197,806 02 


- 


712,002 


London & Lancashire Fire, 


359,813 00 


35,717 00 


35,405 01 


288,690 99 


250,000 


585,319 


Manchester Assurance, . 


269,652 35 


34,260 39 


5,000 00 


230,391 96 


250,000 


427,890 


Moscow Fire, 


55,858 00 


- 


2,354 45 


53,503 55 


- 


475,153 


Munich Reinsurance, 


- 


- 


- 


550,528 00 


300,000 


494,944 


Nation il Assurance Co. of Ire- 














land 


159,578 00 


4,000 00 


15,291 14 


140,286 86 


_* 


225,510 



* All Baltimore losses paid with funds from home office. 

f Includes both amount recovered from reinsurance and salvage. 



Xll 



REPORT OF THE 



United States Branches of Foreign Companies — Concluded. 



COMPANIES. 



Grose 
Amount 

of 
Insurance. 



Re- 

insurance 
recovered. 



Salvage. 



Net Loss. 



Re- 
ceived 
from 

Home 
Office. 



Surplus 
to Policy 
Holders 
Decem- 
ber 31. 



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

Prussian National, . 

Royal, .... 

Royal Exchange Assurance, 

Salamandra, 

Scottish Union and National, 



Skandia, .... 

State Fire 

Sun, 

Thames and Mersey Marine, 
Union Assurance Society, 

Western Assurance, 



$955,876 99 

1,277,711 00 

774,523 22 

216.949 56 
738,431 25 

2,500 00 

1,154,900 00 

538,051 00 

139,167 38 

216.950 00 

147,569 00 

90,650 00 

689,798 00 

4,345 66 

451,644 00 

397,022 00 



$51,898 00 

411,784 36 

98,251 27 

14,501 12 

146,631 15 



151,098 00 
12 2,026 00 

47,158 00 



3,000 00 
8,500 00 

49,175 00 

33,000 00 



$75,561 10 
2 26,429 38 
104,041 56 
370 51 
119,989 10 

125 00 

120,438 00 
36,808 22 

21,250 00 

14,757 00 

19,450 00 

110,720 00 

77,400 00 

32,201 00 



$828,417 89 
6:59,497 26 $600,000 



572,230 39 
202,177 93 

471.811 00 

2,375 00 
883,364 00 
379,216 78 
139,167 38 
148,542 00 

132.812 00 
68,200 00 

570,578 00 

4,345 66 

325,069 00 

331,821 00 

ft 



536,590 



_* 

339,938 

50,000 



102,027 

68.638 

564,782 

300,000 

199,750 



$2,417,819 
825,698 
766,336 
668,271 
759,776 

404,585 

3,022,515 

802,360 

291,291 

2,374,023 

282,556 
206,889 
718,932 
309,723 
445,993 

551,768 



* All Baltimore losses paid with funds from home office. 

In the above lists of course are the names only of such com- 
panies as were authorized in Massachusetts. There is omitted 
also the companies which thought it wise to retire, or reinsure 
and greatly curtail their operations, on account of their Balti- 
more losses. The table therefore does not present a complete 
statement of the amount the insurance companies were called 
upon to surrender on account of that two days' disaster. The 
companies which were represented in Massachusetts at the time 
of the fire and which have since retired from this Common- 
wealth chiefly owing to losses then sustained are the Greenwich, 
which has reinsured and will liquidate ; the Potomac and 
Lafayette, which reinsured ; and the Firemen's and the Home 
Fire, both of Baltimore, whose business was reinsured and 
whose affairs are being closed up by receivers. The Atlas 
Mutual of this city had heavy losses in the conflagration in 
question, which, with misfortunes subsequently sustained at 
Rochester and elsewhere, rendered it necessary that its doors 
be closed and a receiver appointed. 



Department Examinations . 
The fire and marine companies examined by the department 
during the year 1903, as required by law, are given below, 



INSURANCE COMMISSIONER. 



Xlll 



together with the location of the head office of the company 
and the date of the previous examination : — 

West Newbury Mutual, 

Fitchburg Mutual, 

Arkwright Mutual, 

Boston Manufacturers' Mutual, 

Cotton and Woolen Mutual, 

Rubber Manufacturers' Mutual, 

Industrial Mutual, 

Whiting Mutual, 

Atlas Mutual, 

Citizens' Mutual, 

Lumber Mutual, . 

Mutual Protection, 

South Danvers Mutual, 

Annisquam Mutual, . 

North American, 

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



West Newbury, 


. October, 1900. 


Fitchburg, . 


1902. 


Boston, 


. November,1900 


Boston, 


it K 


Boston, 


October, " 


Boston, 


tt (i 


Boston, 


1902 


Boston, # 


1900 


Boston, 


January, 1898. 


Boston, 


October, 1900 


Boston, 


November, " 


Charlestown, 


a it 


Peabody, 


it tt 


Gloucester, . 


u tt 


Boston, 


. December, 1902 



Columbian National Life, 
State Mutual Life, 
American Mutual Liability, 



Conveyancers' Title, 

Mass. Street Railway Accident, 

Massachusetts Title. 



The National Assurance of Ireland, whose principal office 
in this country is at Hartford, and the Moscow Fire Insurance 
Company, with its head office in the same city, were also 
examined during the year. 

Finances of the Department. 

The surplus accruing to the department during the year 
1903 was $28,200.11. Its income from fees paid by insur- 
ance companies and their agents and brokers amounted to 
$75,684.43, — an excess over 1902 of $3,577.41; and the 
expenses of its maintenance aggregated $47,484.32. The 
increase of expenses over the previous year was chiefly due 
to the fact that for the first time the cost of publishing the 
annual report of the department was charged to its account, 
thus increasing the expense by $4,011.32. 

Respectfully submitted, 




Insurance Commissioner. 



XIV REPORT OF THE 



REPORTS OF RECEIVERS OF INSOLVENT EIRE COMPANIES. 



Atlas Mutual Insurance Company. — Franklin T. Hammond, 
50 State Street, Boston, receiver; appointed May 11, 1904. 
His account to May l£f was as follows 



Received from the company in cash, . 
Receipts from premiums, etc., . 

Total, 

Expenditures for commissions, services, etc., 

Balance May 19, 1904, .... 



$19,149 75 
26,002 93 



$45,152 68 
1,192 01 

$13,960 67 



The gross amount of unpaid loss claims, so far as appears, 
is $67,848.72, and the amount claimed as return premiums on 
policies cancelled prior to the receivership, is $2,882.08. 
There is apparently due $8,214.61 for reinsurance on the 
unpaid losses, as given above, and it is possible that there 
will be some salvage. The receiver states that there are 
accounts outstanding for premiums in course of collection, the 
exact amount of which it is impossible to give. They are 
stated to be about $47,000, but in attempting to collect upon 
these amounts the receiver finds many cases where the claim is 
made that the policy was never accepted ; and in other cases 
the policy holders refuse to pay more than the earned part of 
the premium. 

Eastern Mutual Fire. — Fred H. Kidder, 82 Devonshire 
Street, Boston, receiver; appointed Feb. 2, 1897. The final 
dividend recently paid brings the total percentage paid on losses 
to 40 per cent. Balance on hand about $180. 

Firemen's Fire Jbisurance Company. — International Trust 
Company, Boston, receiver ; appointed July 6, 1900. Balance 
on hand at beginning of the year, $401,994.24; received 
during the year, $200; present total, $402,194.24. 

Melrose Mutual Fire. — Alpheus Sanford, Mason Building, 
Boston, receiver; appointed Nov. 26, 1895. There is no 
substantial change in the accounts of this receivership from 
the figures reported one } r ear ago. 



INSURANCE COMMISSIONER. 



XV 



Comparative Table A. — Massachusetts Mutual Fire Insurance 

Companies. 





1902.* 


1903.f 


Increase or 
Decrease in 1903. 


Assets (including contingent), 


f41,061,678 


$45,133,364 


$4,071,686 


Liabilities, .... 


5,919,906 


6,474,339 


554,433 


Cash surplus, . 








6,390,771 


6,466,555 


75,784 


Income, 








7,038,183 


7,854,033 


815,850 


Disbursements, . 








6,357,753 


6,998,718 


640,965 


Premiums, 








6,524,612 


7,305,148 


780,536 


Losses paid, 








1,095,449 


1,193,109 


97,660 


Losses incurred, 








921,826 


1,231,355 


309,529 


Risks outstanding, 








997,514,226 


1,092,028,154 


94,513,928 


Expenses, . 








983,665 


1,065,036 


81,371 


Assessments collected, 






10,564 


7,975 


—2,589 


Profits returned, 






4,218,172 


4,641,752 


423,580 



* Forty-seven companies. 



f Forty-five companies. 



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





1902.* 


1903.* 


Increase or 
Decrease in 1903. 


Assets, 


$589,965 


$566,125 


—$23,840 


Liabilities, 








256,136 


263,709 


7,573 


Surplus, , 








333,829 


302,416 


—31,413 


Income, 








436,046 


438,430 


2,384 


Disbursements, 








407,011 


452,712 


45,701 


Premiums, 




- 




425,920 


418,322 


—7,598 


Losses paid, 








297,263 


313,260 


15,997 


Losses incurred, 








276,007 


313,281 


37,274 


Risks outstanding, 








17,914,074 


18,839,619 


925,545 


Expenses, . 








90,387 


98,732 


8,345 



* Two companies. 



XVi 



REPORT OF THE 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies. 



1902.' 



1903-t 



Increase or 
Decrease in 1903. 



Cash capital, . 






$3,900,000 


$3,700,0C0 


—$200,000 


Assets, . 






11,804,214 


11,624,033 


—180,181 


Liabilities, 






4,422,765 


4,260,827 


—161,938 


Surplus, . 






7,381,449 


7,363,206 


—18,243 


Income, . 






6,554,339 


5,836,752 


—717,587 


Disbursements, 






5,368,065 


5,164,973 


—203,092 


Fire premiums, 






5,233,448 


4,533,412 


—700,036 


Marine premiums, 






801,940 


823,563 


21,623 


Fire losses paid, 






2,515,588 


2,313,142 


—202,446 


Marine losses paid, 




536,135 


517,723 


—18,412 


Fire losses incurred, 




2,529,857 


2,315,701 


—214,156 


Marine losses incurred, 




702,211 


507,248 


—194,963 


Fire risks outstanding, 




551,345,990 


592,262,431 


40,916,441 


Marine risks outstanding, 


6,370,860 


6,433,314 


62,454 


Expenses, . 


2,742,978 


1,926,050 


—816,928 


Cash dividends declared, 


381,500 


373,000 


—8,500 


* Five 


comp 


anies. 


« 


• Four companies. 





INSUKANCE COMMISSIONER. 



XV11 



Comparative Table D. — Fire and Marine Insurance Companies of 

Other States. 





1902.* 


I903.f 


Increase or 
Decrease in 1903. 


Cash capital, . 




$48,302,875 


$49,502,875 


$1,200,000 


Assets, . 




265,679,011 


281,127,024 


15,448,013 


Liabilities, 




128,780,767 


134,538,580 


5,757,813 


Surplus, . 




136,898,244 


146,588,444 


9,690,200 


Income, . 




159,143,401 


153,552,481 


—5,590,920 


Disbursements, 




124,430,663 


130,563,326 


6,132,663 


Fire premiums, 




136,779,060 


131,416,833 


—5,362,227 


Marine premiums, 




8,624,736 


8,529,669 


— 95,067 


Fire losses paid, . 




62,404,183 


60,967,036 


—1,437,147 


Marine losses paid, 




4,250,578 


4,974,121 


723,543 


Fire losses incurred, 




52,509,822 


62,291,895 


782,073 


Marine losses incurred, 




3,852,546 


5,280,675 


1,428,129 


Fire risks outstanding, 




17,518,558,214 


18,703,522,406 


1,164,964,192 


Marine risks outstanding, 


208,647,908 


226,855,554 


18,207,646 


Expenses, .... 


44,404,470 


48,939,118 


4,534,648 


Cash dividends declared, 


5,015,460 


6,490,874 


1,475,414 



* One hundred and seventeen companies, 
t One hundred and nineteen companies. 



XV111 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign 

Companies. 





1902.* 


1903.t 


Increase or 
Decrease in 1903. 


Deposit capital, 


$8,100,000 


$8,500,000 


$400,000 


Assets in United States, 


74,013,829 


80,655,847 


6,642,018 


Liabilities in United States, . 


49,724,487 


51,585,177 


1,860,690 


Surplus,. 




24,289,342 


29,070,670 


4,781,328 


Income, . 




70,901,908 


64,384,226 


-6,517,682 


Disbursements, 




57,137,768 


57,650,245 


512,477 


Fire premiums, 




60,603,553 


56,104,502 


—4,499,051 


Marine premiums, . 




4,623,168 


3,244,511 


—1,378,657 


Fire losses paid, . 




28,212,680 


28,496,076 


283,396 


Marine losses paid, 




2,271,834 


2,006,712 


—265,122 


Fire losses incurred, 




27,775,915 


28,571,302 


795,387 


Marine losses incurred, 




1,962,070 


2,686,735 


724,665 


Fire risks outstanding, 




7,007,711,921 


7,330,994,249 


323,282,328 


Marine risks outstanding, 


93,979,410 


99,289,219 


5,309,809 


Expenses, . 


18,833,375 


20,775,833 


1,942,458 



* Thirty-seven companies, 
f Thirty-nine companies. 



INSURANCE COMMISSIONER. 



XIX 



Aggregates of All the Companies. 





1903. 


1903. 


Increase or 
Decrease in 1903. 


Cash capital, .... 


$60,302,875 


$61,702,875 


$1,400,000 


Assets (including contingent 

of Mutual Companies). 
Liabilities, .... 


393,148,697 
189,104,061 


419,106,393 
197,122,632 


25,957,696 
8,018,571 


Surplus, 


175,293,635 


189,791,291 


14,497,656 


Income, 


244,073,877 


232,065,922 


—12,007,955 


Disbursements, 


193,701,260 


200,829,974 


7,128,714 


Fire premiums, 


209,254,690 


199,484,396 


—9,770,294 


Marine premiums, 


14,361,747 


12,891,564 


—1,470,183 


Fire losses paid, . 


94,281,370 


93,025,276 


—1,256,094 


Marine losses paid, 


7,302,340 


7,755,903 


453,563 


Fire losses incurred, 


83,788,994 


94,468,060 


10,679,066 


Marine losses incurred, 


6,741,260 


8,730,132 


1,988,872 


Fire risks outstanding, . 


26,083,790,625 


27,729,558,992 


1,645,768,367 


Marine risks outstanding, 


318,251,978 


340,665,954 


22,413,976 


Expenses, . 


67,054,875 


72,804,769 


5,749,894 


Cash dividends declared, 


5,396,960 


6,863,874 


1,466,914 



XX 



REPORT OF THE 



Table I. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Contingent 
Assets. 


Admitted 
Assets.* 


Liabilities. f 


Surplus or 

Deficiency 

in 1903. 


Surplus or 

Deficiency 

in 1902. 


Abington, .... 
Annisquam, .... 

Atlas, 

Attleborough, 
Barnstable County, 


$95,706 

3,404 

192,355 

37,758 

243,414 


$105,589 

9,691 

134,054 

43,652 

105,686 


$52,322 
127 

130,416 
10,643 
64,010 


$53,267 

-t 

3,638 
33,009 
41,676 


$49,453 

-t 

20,060 
32,230 
39,386 


Berkshire 

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


149,715 
120,498 
376,494 
377,688 
10,682 


151,966 

3,039 

246,141 

332,618 

1,451 


83,150 

660 

223,768 

203,474 

2,596 


68,816 

-i 

22,373 
129,144 
—1,145 


68,634 

-J 

51,674 
139,190 
—1,442 


Dedham, 

Dorchester, .... 
Fitchburg, .... 
Q-roveland, .... 
Hampshire 


106,428 
569,644 
264,800 
137,582 
56,036 


160,234 

472,396 

206,554 

1,352 

58,383 


58,595 

310,989 

168,366 

2,256 

30,354 


101,639 

16J ,407 

38,188 

-§ 
28,029 


106,319 

160,018 

42,760 

-§ 
30,662 


Hingham 

Holyoke 

Lowell, 

Lumber, 

Lynn 


400,182 
550,173 
155,102 
343,748 
58,612 


353,070 
923,973 
201,085 
138,947 
63,936 


213,928 

292,557 

82,902 

58,415 

15,142 


139,142 

631,416|| 

118,183 

80,532 

48,794 


146,894 

629,076|| 

113,253 

59,550 

48,618 


Merchants' and Farmers', 
Merrimack, .... 

Middlesex 

Mutual Fire Assurance, 
Mutual Protection, 


311,987 
412,916 
649,547 
100,215 
89,908 


269,261 
253,524 
700,285 
215,335 
126,841 


167,414 

220,348 

347,478 

53,316 

49,023 


101,847 

33,176 

352,807 

162,019 

77,818 


92,753 

31,416 

356,667 

169,532 

86,945 


Newburyport, 

Norfolk 

Quincy, ... 

Salem, 

Salisbury and Amesbury, 


45,608 

346,523 

477,248 

98,760 

51,072 


38,891 

644,778 

705,963 

107,782 

4,482 


5,594 

186,684 

250,187 

59,620 


33,297 
458,094 
455,776 

48,162 

-t 


34,221 
469,537 
442,794 

56,719 
-t 


Saugus, 

South Danvers, 
Traders' and Mechanics', 
Western Massachusetts, 
"West Newbury, 


340,673 

71,978 

607,077 

54 

102,836 


2,684 

31,521 

679,819 

371 

160 


11,966 

319,082 

9 

4,424 


-§ 

19,555 

360,737 

362 

-§ 


-§ 

21,798 

371,413 

—10,246 

-§ 


"Whiting, 

Worcester Mutual, . ». 


124,200 
614,851 


35,531 

845,582 


29,294 
338,332 


6,237 
507,250 


4,391 
506,951 


Totals 


$8,695,474 


$8,376,627 


$4,047,441 


$4,315,244 


$4,369,118 



Manufacturers* Mutuals. 



Arkwright 

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

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


$6,000,284 
7,276,637 
1,866,854 
2,273,631 
1,350,670 

608,946 
1,599,722 
2,520,352 


$1,225,923 

1,411,089 

294,383 

485,286 

172,327 

126,194 
302,040 
547,025 


$611,402 
737,387 
202,926 
232,002 
147,041 

61,947- 
176,117 
258,076 


$614,521 

673,702 

91,457 

253,284 

25,286 

64,247 
125,923 
288,949 


$575,371 

611,824 

90,402 

234,307 

44,035 

59,589 
121,830 
269,820 


Totals 

Grand totals, . 


$23,496,996 
$32,192,470 


$4,564,267 
$12,940,894 


$2,426,898 
$6,474,339 


$2,137,369 
$6,452,613 


$2,007,178 
$6,376,296 



* Not including contingent assets. f Including unearned premiums. 

% This company charges a cash premium adequate for expenses only, and relies on deposit 

notes to pay losses. § This company charges no cash premium. 
|| Including guaranty capital, $100,000. 



INSURANCE COMMISSIONER. 



XXI 



Table II. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Amount at Risk 
Dec. 31, 1903. 


Income. 


Disburse- 
ments. 


Abington, 

Annisquam, 

Atlas, 

Attleborough, 

Barnstable County, 


$6,223,958 
312,550 

12,779,233 
2,525,946 
7,555,758 


$38,505 
1,062 

311,191 

7,227 

43,775 


$28,429 

573 

198,080 

6,429 

41,194 


Berkshire, 

Bristol County, 

Cambridge, 

Citizens', 

Cohasset, 


10,310,321 

1,789,505 

23,238,298 

27,640,061 

344,600 


58,077 

1,598 

134,953 

108,080 

665 


50,093 

2,119 

141,107 

108,606 

383 


Dedham, 

Dorchester 

Fitchburg, 

Groveland 

Hampshire, . . . .... 


6,915,941 

34,712,920 

19,008,122 

1,734,088 

3,629,326 


41,870 

216,633 

116,932 

8,689 

20,521 


44,543 

187,058 

116,698 

7,951 

20,219 


Hingham, i 

Holyoke, 

Lowell, 

Lumber , . 

Lynn 


26,586,317 

38,167,029 

9,762,992 

4,271,294 

2,179,556 


104,311 

198,026 

65,430 

121,693 

8,542 


113,272 

183,220 
57,419 
85,601 

7,872 


Merchants' and Farmers', .... 

Merrimack 

Middlesex 

Mutual Fire Assurance, .... 
Mutual Protection, 


20,872,403 

28,751,609 

43,776,281 

6,192,525 

5,419,330 


118,891 

137,616 

201,423 

31,889 

45,796 


100,933 
131,137 

188,426 
26,655 
39,264 


Nerwburyport, 

Norfolk, 

Quincy 

Salem 

Salisbury and Amesbury 


' 756,585 

24,184,555 

32,586,226 

5,736,659 

1,403,113 


4,149 

112,982 

179,446 

49,457 

6,711 


3,586 

122,509 

159,903 

46,849 

5,228 


Saugus 

South Danvers 

Traders' and Mechanics' 

Western Massachusetts, .... 
West Newbury, 


2,686,145 

1,128,358 

40,658,912 

1,200 

1,533,905 


3,539 

4,017 

208,436 

18 

3,529 


2,007 

7,800 

190,032 

659 

3,686 


Whiting, 

Worcester Mutual, 


6,968,967 
44,305,095 


23,539 

200,806 


21,341 

185,720 




$506,649,693 


$2,940,024 


$2,636,601 



Manufacturers' Mutuals. 



Arkwright, 

Boston Manufacturers', 

Cotton and Woolen, 

Fall River Manufacturers', 

Industrial, 

Paper Mill, 

Rubber Manufacturers', 

Worcester Manufacturers', 

Totals, 

Grand totals, . 



$152,617,691 

186,078,558 

43,724,025 

55,556,624 

29,396,917 

15,178,859 
39,727,342 
63,098,445 



$585,378,461 
$1,092,028,154 



$1,252,970 

1,520,233 

393,716 

475,393 

259,236 

126,805 
356,680 
528,976 



$4,914,009 
$7,854,033 



$1,102,079 

1,325,535 

370,166 

418,007 

248,065 

109,049 

330,547 
458,669 



$4,362,117 
$6,998,718 



XX11 



REPORT OF THE 



Table III. — Massachusetts Mutual Fire Insurance Companies. 





Com- 








NAME OF COMPANY. 


menced 
Business. 


Premiums. 


Losses Paid. 


Expenses. 


Abington 


1857 


$34,018 


$7,587 


$9,501 


Anniequam 


1847 


- 


34 


432 


Atlas 


1892 


309,850 


141,657 


56,423 


Attleborougb, .... 


1845 


5,307 


4,304 


2,125 


Barnstable County, 


1833 


39,766 


13,031 


7,185 


Berkshire, 


1835 


51,789 


13,706 


15,034 


Bristol County, .... 


1829 


1,540 


632 


1,487 


Cambridge, 


1834 


121,480 


47,689 


41,179 


Citizens', 


1846 


90,524 


21,740 


30,288 


Cohasset 


1846 


611 


60 


323 


Dedham, 


1837 


34,535 


13,513 


12,516 


Dorchester, 


1855 


199,304 


72,704 


52,929 


Fitchburg, 


1847 


106,511 


43,768 


35,969 


Groveland, 


1828 


- 


3,085 


1,517 


Hampshire, 


1832 


18,185 


7,775 


4,847 


Hingham, 


1826 


89,202 


31,740 


24,944 


Holyoke 


1843 


148,527 


43,701 


51,839 


Lowell, 


1832 


56,764 


17., 526 


20,784 


Lumber, 


1895 


117,294 


40,796 


19,528 


Lynn, 


1828 


5,569 


368 


3,047 


Merchants' and Farmers', . 


1847 


106,562 


30,836 


30,199 


Merrimack 


1828 


128,072 


45,797 


34,757 


Middlesex 


1826 


175,748 


50,524 


49,898 


Mutual Fire Assurance, 


1827 


22,756 


2,624 


5,691 


Mutual Protection, 


1864 


39,012 


11,804 


16,454 


Newburyport 


1829 


2,432 


447 


953 


Norfolk, 


1825 


84,331 


25,779 


24,834 


Quincy, 


1851 


150,708 


42,205 


51,338 


Salem, . .... 


1838 


44,955 


16,056 


15,314 


Salisbury and Amesbury, . 


1855 


6,600 


3,000 


2,229 


Saugus, 


1852 


_ 


284 


1,723 


South Danvers, .... 


1829 


2,738 


1,055 


1,212 


Traders' and Mechanics', . , 


1848 


170,880 


56,179 


54,462 


Western Massachusetts, 


1894 


18 


- 


659 


West Newbury 


1828 


- 


2,000 


578 


Whiting, 


1899 


22,208 


13,314 


2,382 


Worcester Mutual, 


1824 


157,700 


38,591 


45,723 


Totals, 


$2,545,496 


$865,911 


$730,303 



Manufacturers' Mutuals. 



Ark wright, 

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

Paper Mill, 

Rubber Manufacturers', 
Worcester Manufacturers', 


1860 
1850 
1875 
1870 
1890 

1887 
1885 
1855 


$1,214,206 

1,472,182 

383,513 

458,926 

252,972 

123,015 
346,006 
508,832 


$82,211 
92,428 
32,325 
26,667 
23,733 

10,385 
32', 590 
26,859 


$67,353 
99,755 
39,392 
25,708 
29,715 

9,596 
36,865 
26,349 


Totals 

Grand totals, .... 


$4,759,652 
$7,305,148 


$327,198 
$1,193,109 


$334,733 
$1,065,036 



INSURANCE COMMISSIONER. 



XX111 



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

panies. 



NAME OF COM- 
PANY. 


Com- 
menced 
Business. 


Guaranty 
Fund. 


Scrip 
Out- 
standing. 


Admitted 
Assets. 


Liabili- 
ties* 


Deficiency 

in 

1903. 


Deficiency 

in 

1902. 


China, . 
India, f . 


1853 
1867 


$150,000 


$506,090 
150,471 


$279,887 
286,238 


$179,100 
84,609 


$405,303 

98,842 


$380,220 
97,512 


Totals, . 


• • 


$150,000 


$656,561 


$566,125 


$263,709 


$504,145 


$477,732 



* Including unearned premiums, but not including cash or stock-note guaranty fund or out- 
standing scrip. 

f 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. 




$309,393 
129,037 


$340,107 
112,605 


$293,821 
124,501 


$257,347 
55,913 

$313,260 


$53,166 
45,566 


Totals, 


$438,430 


$452,712 


$418,322 


$98,732 



Table VI. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1903. 


Expenses.* 


American, 

Boston, 

Mercantile Fire and Marine, 
(Springfield Fire and Marine, 


$300,000 

1,000,000 

400,000 

2,000,000 


$837,936 

3,818,489 

733,988 

6,233,620 


$412,777 
962,262 
219,779 

2,666,009 


$425,159 

2,856,227 

514,209 

3,567,611 


$208,690 
459,195 

77,878 
1,180,287 


Totals 


$3,700,000 


$11,624,033 


$4,260,827 


$7,363,206 


$1,926,050 



* 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, 

1903. 


Premiums. 


Losses 
Paid. 


American, 

Boston, 

Mercantile Fire and Marine, . 
Bpringrield Fire and Marine, . 


$601,595 

1,615,784 

196,607 

3,422,766 


$483,083 

1,404,575 

329,506 

2,947,809 


$59,138,006 
90,007,119 
27,488,462 

415,628,844 


$527,618 
633,609 
166,676 

3,205,509 


$253,393 
279,441 
218,866 

1,561,442 


Totals 


$5,836,752 


$5,164,973 


$592,262,431 


$4,533,412 


$2,313,142 



Marine Business. 



Boston, 



$6,433,314 $823,563 



$517,723 



XXIV 



REPORT OF THE 



Table VIII. — Insurance Companies of Other States. 







• 




Surplus to 




NAME OF COMPANY. 


Cash 
Capital. 


Admitted 

Assets. 


Liabilities. 


Policy 

Holders 

Dec. 31, 

1903. 


Expenses. 


uEtna, 


$4,000,000 


$14,935,645 


$4,911,652 


$10,023,993 


$1,751,100 


Agricultural, .... 


500,000 


2,583,507 


1,296,193 


1,287,314 


539,635 


Albany, 


250,000 


585,246 


151,511 


433,735 


69,420 


American, .... 


600,000 


4,959,490 


2,237,899 


2,721,591 


757,748 


American Central, . 


1,000,000 


3,735,363 


1,532,408 


2,202,955 


685,110 


American Fire, 


500,000 


2,793,428 


1,986,605 


806,823 


647,055 


American Lloyds, . 


- 


647,200 


190,672 


456,528 


102,603 


American Mutual Fire, . 


- 


267,414 


106,199 


161,215 


12,718 


Assurance Co. of America, 


400,000 


1,186,100 


537,745 


648.355 


273,835 


Atlantic Mutual, 


- 


12,025,022 


2,914,419 


9,110,603 


511,951 


Blackstone Mutual, . 


_ 


701,468 


278,747 


422,721 


31,113 


British American, . 


200,000 


460,959 


228,848 


232,111 


123,262 


Buffalo Commercial, 


200,000 


448,889 


163,893 


284,996 


80,964 


Buffalo German, 


200,000 


2,208,553 


488,311 


1,720,242 


198,369 


Caledonian-American, 


200,000 


302,124 


16,151 


285,973 


7,867 


Camden Fire, .... 


300,000 


1,042,801 


440,000 


602,801 


64,290 


Capital Fire, .... 


200,000 


466,160 


211,080 


255,080 


86,671 


Central Mfrs.' Mutual, . 


- 


146,712 


89,618 


57,094 


40,253 


Citizens (St. Louis), 


200,000 


732,422 


350,699 


381,723 


170,883 


Colonial Assurance, 


200,000 


583,362 


314,652 


268,710 


176,206 


Colonial Fire 


200,000 


313,718 


91,813 


221,905 


43,479 


Columbia, 


400,000 


601,273 


76,465 


424,808 


25,334 


Commerce, .... 


200,000 


446,375 


151,821 


294,554 


77,838 


Commercial Union Fire, . 


200,000 


435,906 


154,589 


281,317 


60,597 


Commonwealth, 


500,000 


1,246,634 


316,450 


930,184 


110,553 


Concordia Fire, 


200,000 


956,100 


646,805 


309,295 


297,889 


Connecticut Fire, 


1,000,000 


5,086,745 


2,735,118 


2,351,627 


1,067,892 


Continental, .... 


1,000,000 


14,022,316 


6,479,970 


7,542,346 


2,158,194 


Delaware, 


702,875 


1,735,367 


887,519 


847,848 


365,571 


Detroit Fire and Marine, 


500,000 


1,559,760 


364,764 


1,194,996 


155,021 


Dutchess, 


200,000 


774,121 


470,434 


303,687 


193,409 


Empire City Fire, . 


200,000 


294,883 


69,449 


225,433 


53,619 


Enterprise Mutual Fire, . 


- 


251,466 


106,259 


145,207 


12,695 


Equitable Fire and Marine, . 


400,000 


1,250,434 


690,528 


559,906 


307,169 


Farmers' Fire 


- 


888,149 


513,857 


374,292 


208,916 


Federal 


500,000 


1,709,272 


627,737 


1,081,535 


250,010 


Fire Association, 


500,000 


6,305,040 


4,937,562 


1,367,478 


1,365,981 


Fire Ins. Co., Co. of Phila., . 


400,000 


921,617 


396,100 


525,517 


98,457 


Fireman's Fund, 


1,000,000 


5,623,060 


2,674,470 


2,948,591 


1,070,121 


Firemen's (Baltimore), . 


400,000 


1,211,417 


587,470 


623,947 


295,417 


Firemen's (Newark), 


1,000,000 


3,258,740 


731,641 


2,527,099 


299,255 


Firemen's Mutual, . 


- 


1,190,377 


425,090 


765,287 


43,636 


Franklin Fire, .... 


400,000 


3,111,740 


1,666,655 


1,445,085 


317,032 


German (Freeport), 


200,000 


4,910,607 


3,207,331 


1,703,276 


1,142,251 


German Alliance, . 


400,000 


1,204,836 


371,600 


833,236 


131,313 


German American, . 


1,500,000 


11,998,102 


4,947,774 


7,050,328 


1,684,453 


German American Fire, . 


200,000 


543,416 


115,763 


427,653 


54,514 


German Fire (Peoria), . 


200,000 


701,294 


299,021 


402,273 


132,409 


German Fire (Pittsburgh), 


200,000 


675,410 


389,977' 


285,433 


183,502 


Germania Fire, 


1,000,000 


5,778,517 


2,341,451 


3,437,066 


747,525 


Girard Fire and Marine, . 


300,000 


1,989,096 


1,091,937 


897,159 


215,915 


Glens Falls 


200,000 


3,977,197 


1,371,604 


2,605,593 


529,209 


Granite State Fire, . 


200,000 


653,114 


352,875 


300,239 


142,498 


Greenwich, .... 


200,000 


2,057,219 


1,769,221 


287,998 


815,847 


Hanover Fire, .... 


1,000,000 


3,994,843 


2,450,430 


1,544,413 


961,847 


Hartford Fire, .... 


1,250,000 


13,394,190 


8,736,781 


4,657,409 


3,865,522 


Home, 


3,000,000 


18,033,530 


8,466,042 


9,567,488 


2,777,052 


Home Fire, .... 


200,000 


493,112 


205,426 


287,686 


99,359 


Home Fire and Marine, . 


300,000 


1,448,877 


784,258 


664,619 


387,301 


Hope Mutual Fire, . 


— 


277,455 


139,954 


137,501 


22,970 



INSURANCE COMMISSIONER. 



XXV 



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











Surplus to 




NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Policy 

Holders 

Dec. 31, 

1903. 


Expenses. 


Indemnity Fire, 


$200,000 


$450,162 


$199,287 


$250,875 


$105,119 


Indianapolis Fire, . 


200,000 


468,032 


179,056 


288,976 


96,451 


Ins. Co. of North America, . 


3,000,000 


11,172,919 


5,866,561 


5,306,358 


2,204,603 


Ins. Co. State of Pennsylvania, 


200,000 


583,552 


312,140 


271,412 


37,601 


Kings County Fire, . 


200,000 


388,882 


113,782 


275,100 


71,001 


Lafayette Fire, 


200,000 


528,000 


260,630 


267,370 


146,605 


Manufacturers' Mutual Fire, . 


- 


530,705 


211,497 


319,208 


23,286 


Mechanics', .... 


250,000 


997,218 


553,099 


444,119 


138,018 


Mechanics' Mutual Fire, 


- 


315,546 


141,962 


173,584 


15,419 


Mechanics' and Traders', 


300,000 


590,710 


186,255 


404,455 


96,455 


Mercantile Mutual Fire, . 


_ 


196,403 


110,073 


86,330 


26,616 


Merchants' Mutual Fire, 


- 


360,082 


134,580 


225,502 


15,172 


Middlesex Mutual, . 


- 


855,793 


239,172 


616,621 


67,486 


MillerB' National, 


200,000 


772,877 


271,665 


501,212 


110,349 


Milwaukee Fire, 


200,000 


553,865 


251,368 


302,497 


114,638 


Milwaukee Mechanics', . 


200,000 


2,863,433 


1,343,969 


1,519,464 


535,402 


Nassau Fire, .... 


200,000 


635,313 


226,757 


408,556 


124,522 


National Fire 


1,000.000 


6,413,873 


3,653,836 


2,760,037 


1,480,731 


National Union Fire, 


750,000 


1,632,757 


560,948 


1,071,809 


270,422 


Newark Fire, .... 


250,000 


696,881 


157,263 


539,618 


77,069 


New Hampshire Fire, 


1,000,000 


3,877,260 


1,684,733 


2,192,527 


632,482 


New York Fire, 


200,000 


495,658 


218,087 


277,571 


142,380 


Niagara Fire, . 


500,000 


3,799,648 


2,169,422 


1,630,226 


931,125 


North British and Mercantile, 


200,000 


662,684 


106,080 


556,604 


46,709 


Northern, 


250,000 


654,263 


237,931 


416,332 


151,004 


North German Fire, 


200,000 


417,078 


190,265 


226,813 


107,973 


North River, .... 


350,000 


1,174,178 


593,460 


580,718 


250,069 


Northwestern National, . 


600,000 


3,619,986 


1,860,903 


1,759,083 


618,761 


Orient, 


500,000 


2,137,737 


1,015,206 


1,122,531 


421,371 


Pawtucket Mutual Fire, . 


- 


434,592 


192,265 


242,327 


29,222 


Pelican Assurance, . 


200,000 


483,330 


204,656 


278,674 


114,130 


Pennsylvania Fire, . 


400,000 


6,218,816 


3,352,171 


2,866,645 


919,832 


Phenix, 


1,000,000 


7,339,524 


4,736,891 


2,602,633 


1,956,895 


Philadelphia Mfrs.' Mut.Fire, 


- 


272,954 


120,276 


152,678 


23,629 


Phoenix, 


2,000,000 


6,580,170 


3,184,472 


3,395,698 


1,340,203 


Potomac, 


200,000 


605,540 


217,624 


387,916 


117,263 


Providence Mutual Fire, 


- 


540,036 


163,007 


377,029 


25,106 


Providence-Washington, 


500,000 


2,392,458 


1,531,969 


860,489 


698,874 


Queen, 


500,000 


6,129,068 


2,670,387 


3,458,681 


1,120,781 


Reliance 


300,000 


1,190,180 


673,398 


516,782 


337,167 


Rhode Island Mutual Fire, 


_ 


745,313 


285,941 


459,372 


31,858 


Rochester German, . 


200,000 


1,605,689 


841,555 


764,134 


427,901 


Security 


400,000 


1,432,674 


840,622 


592,052 


339,666 


Spring Garden, 


400,000 


1,543,321 


992,117 


551,204 


805,300 


State Mutual Fire, . 


- 


1,053,496 


465,657 


587,839 


54,923 


St. Paul Fire and Marine, 


500,000 


3,648,841 


2,209,300 


1,439,541 


970,126 


Teutonia, 


250,000 


790,100 


440,250 


349,850 


223,389 


Traders', 


500,000 


2,681,302 


1,188,259 


1,493,043 


539,664 


Union 


200,000 


546,908 


316,894 


230,014 


150,479 


Union Mutual Fire, . 


- 


325,863 


105,594 


220,269 


7,583 


United Firemen's, . 


300,000 


1,758,758 


1,259,758 


499,000 


172,475 


United States Fire, . 


250,000 


775,449 


417,452 


357,997 


217,897 


United States Lloyds, 


- 


1,021,532 


374,370 


647,162 


165,336 


Victoria Fire, .... 


200,000 


345,636 


94,951 


250,685 


52,178 


"Westchester Fire, . 


300,000 


3,396,591 


1,900,957 


1,495,634 


820,272 


Western, 


300,000 


633,798 


289,611 


344,187 


131,996 


What Cheer Mutual Fire, 


- 


310,479 


156,897 


153,582 


28,099 


Williamsburgh City Fire, 


250,000 


2,441,921 


969,979 


1,471,942 


455,410 


Totals, .... 


$49,502,875 


$281,127,024 


$134,538,580 


$146,588,444 


$48,939,118 



XXVI 



REPORT OF THE 



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



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1903. 


Premiums. 


Losses 
Paid. 


^Etna, 


$6,042,434 


$5,165,472 


$643,469,859 


$5,112,153 


$2,480,143 


Agricultural, 


1,344,814 


1,170,719 


231,702,200 


1,236,617 


572,084 


Albany, .... 


224,497 


180,113 


24,476,760 


189,647 


87,533 


American, .... 


2,173,645 


1,595,029 


348,041,034 


1,816,315 


728,310 


American Central, . 


2,010,649 


1,632,728 


219,981,750 


1,861,220 


817,524 


American Fire, . 


1,791,960 


1,475,257 


209,967,636 


1,648,567 


754,987 


American Lloyds, 


278,181 


202,165 


26,761,824 


257,364 


44,073 


American Mutual Fire, . 


214,285 


189,319 


24,140,240 


204,721 


11,659 


Assurance Co. of America, 


722,585 


755,344 


65,411,738 


684,330 


480,356 


Atlantic Mutual, 


3,631,135 


3,165,891 


- 


- 


- 


Blackstone Mutual, . 


569,603 


494,976 


64,670,763 


536,961 


33,123 


British American, 


333,800 


278,262 


26,916,607 


320,980 


154,999 


Buffalo Commercial, 


227,563 


195,965 


24,060,644 


212,972 


97,784 


Buffalo German, 


569,082 


509,923 


80,806,300 


476,764 


225,988 


Caledonian-American, 


22,410 


23,552 


1,654,711 


12,710 


6,686 


Camden Fire, 


542,070 


411,626 


52,619,439 


503,353 


202,678 


Capital Fire, 


260,779 


228,812 


29,194,248 


219,010 


130,987 


Central Manfrs.' Mutual, . 


167,896 


142,086 


7,533,127 


163,269 


86,363 


Citizens' (St. Louis), 


522,673 


398,221 


41,485,666 


451,354 


227,205 


Colonial Assurance, . 


523,312 


614,523 


37,044,602 


508,949 


290,955 


Colonial Fire, . 


126,605 


100,756 


11,748,115 


115,239 


46,576 


Columbia, .... 


92,068 


76,761 


- 


- 


- 


Commerce, 


222,310 


197,760 


23,788,333 


201,001 


97,885 


Commercial Union Fire, . 


208,118 


164,240 


19,412,450 


197,581 


93,612 


Commonwealth, 


388,734 


285,143 


35,988,245 


322,509 


133,484 


Concordia Fire, . 


676,603 


664,674 


102,904,163 


637,772 


354,249 


Connecticut Fire, 


3,080,608 


2,589,327 


391,544,005 


2,879,934 


1,414,630 


Continental, 


6,726,750 


5,185,086 


1,035,395,861 


5,862,666 


2,680,112 


Delaware, .... 


945,426 


796,664 


123,474,846 


869,630 


389,579 


Detroit Fire & Marine, 


484,771 


451,970 


44,911,665 


338,868 


162,674 


Dutchess 


570,982 


482,621 


67,684,438 


544,348 


277,038 


Empire City Fire, 


115,086 


130,883 


9,361,264 


103,827 


77,264 


Enterprise Mutual Fire, . 


213,777 


189,326 


24,133,578 


204,852 


11,662 


Equitable Fire & Marine, 


907,388 


791,039 


87,178,770 


838,067 


431,238 


Farmers' Fire, . 


547,560 


475,446 


68,378,487 


515,257 


259,634 


Federal, .... 


864,447 


719,386 


8,076,436 


103,863 


8,529 


Fire Association, 


3,940,985 


3,453,947 


531,850,984 


3,623,383 


1,787,248 


Fire Ins. Co., Co. of Phila., 


273,903 


258,901 


37,306,961 


228,952 


123,544 


Fireman's Fund, 


3,470,788 


2,842,617 


316,947,650 


2,724,792 


1,293,668 


Firemen's (Baltimore), . 


769,449 


745,466 


90,680,129 


688,154 


353,414 


Firemen's (Newark), 


954,595 


740,041 


135,173,400 


811,453 


327,654 


Firemen's Mutual, . 


869,883 


779,754 


99,969,788 


825,996 


39,862 


Franklin Fire, . 


856,582 


799,597 


154,227,771 


725,997 


350,555 


German (Freeport),. 


3,120,757 


2,515,597 


440,162,131 


2,955,506 


1,286,020 


German Alliance, 


484,939 


376,454 


59,148,601 


429,439 


205,141 


German American, . 


6,294,322 


4,483,739 


834,286,100 


4,932,477 


2,299,122 


Germau American Fire, . 


152,269 


127,515 


22,383,833 


127,132 


45,752 


German Fire (Peoria), 


396,594 


276,830 


39,199,545 


371,886 


126,373 


German Fire (Pittsburgh), 


474,735 


412,505 


56,619,605 


439,387 


203,437 


Germania Fire, . 


2,334,843 


1,747,047 


454,487,040 


2,101,601 


801,739 


Girard Fire & Marine, 


538,230 


513,024 


123,863,779 


407,921 


191,512 


Glens Falls, 


1,442,327 


1,205,652 


220,025,094 


1,261,568 


553,010 


Granite State Fire, . 


409,018 


387,934 


47,672,228 


384,403 


223,685 


Greenwich, 


1,981,344 


1,941,359 


302,262,598 


1,721,670 


982,140 


Hanover Fire, . 


3,030,832 


2,469,387 


408,310,165 


2,889,234 


1,286,815 


Hartford Fire, . 


10,628,642 


9,430,712 


1,297,468,225 


10,180,164 


5,023,438 


Home, .... 


8,843,886 


7,082,325 


1,192,419,716 


7,813,759 


3,590,428 


Rome Fire, 


273,949 


241,488 


27,078,734 


257,841 


124,503 


Home Fire & Marine, 


1,065,257 


946,150 


94,966,533 


948,961 


463,761 


Hope Mutual Fire, . 


274,642 


243,496 


29,498,121 


263,927 


9,694 



INSURANCE COMMISSIONER. 



XXV11 



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

Fire Business — Concluded. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1903. 


Premiums. 


Losses 
Paid. 


Indemnity Fire, 


$288,191 


$253,532 


$25,275,230 


$275,824 


$148,413 


Indianapolis Fire, 


268,046 


225,096 


20,695,488 


251,734 


115,930 


Ins. Co. of N. America, . 


7,257,713 


6,529,162 


669,347,421 


4,994,035 


2,489,503 


Ins. Co. State of Penn., . 


340,831 


87,608 


12,485,871 


95,597 


17,796 


Kings County Fire, . 


173,388 


180,607 


18,709,572 


156,840 


96,704 


Lafayette Fire, . 


400,201 


449,968 


32,295,547 


385,433 


285,500 


Manufrs.' Mutual Fire, . 


429,065 


360,780 


49,797,630 


409,429 


20,370 


Mechanics', 


387,779 


330,011 


49,829,626 


329,111 


160,692 


Mechanics' Mutual Fire, . 


285,375 


233,340 


33,173,021 


274,213 


14,014 


Mechanics' & Traders', . 


278,025 


215,516 


26,354,824 


255,062 


113,283 


Mercantile Mutual Fire, . 


200,232 


177,973 


21,186,620 


192,935 


13,293 


Merchants' Mutual Fire, . 


273,493 


236,757 


31,198,074 


259,938 


14,211 


Middlesex Mutual, . 


176,991 


212,452 


50,899,661 


141,749 


84,609 


Millers' National, 


562,562 


600,408 


30,971,641 


220,175 


390,059 


Milwaukee Fire, 


304,911 


268,252 


34,505,843 


274,572 


148,002 


Milwaukee Mechanics', . 


1,445,820 


1,237,867 


186,382,342 


1.333,937 


589,398 


Nassau Fire, 


387,317 


339,421 


32,850,525 


340,738 


143,503 


National Fire, . 


3,688,340 


3,634,238 


570,485,468 


3,436,002 


2,020,275 


National Union Fire, 


782,754 


584,693 


69,849,041 


713,214 


268,887 


Newark Fire, 


188,180 


202,009 


32,413,686 


160,556 


95,937 


New Hampshire Fire, 


1,865,797 


1,676,002 


227,609,017 


1,706,595 


843,565 


New York Fire, 


351,572 


322,113 


30,486,211 


330,563 


143,623 


Niagara Fire, 


2,623,037 


2,268,853 


339,711,278 


2,488,528 


1,139,710 


N. British & Mercantile, . 


164,735 


97,386 


26,926,414 


142,261 


30,656 


Northern, .... 


351,784 


324,881 


35,002,737 


326,964 


156,956. 


North German Fire, . 


335,387 


286,729 


21,498,300 


304,574 


170,756 


North River, 


775,976 


564,039 


81,672,582 


741,775 


284,299 


Northwestern National, . 


1,517,606 


1,213,815 


309,027,266 


1,382,672 


493,114 


Orient, .... 


1,132,881 


976,641 


141,963,984 


1,065,551 


501,924 


Pawtucket Mutual Fire, . 


119,846 


81,346 


25,329,189 


104,932 


31,036 


Pelican Assurance, . 


282,331 


262,976 


31,240,106 


269,586 


140,527 


Pennsylvania Fire, . 


2,897,140 


2,368,657 


432,002,389 


2,609,923 


1,292,738 


Phenlx, .... 


5,428,267 


4,745,155 


719,891,166 


5,161,418 


2,632,208 


Phila. Mfrs.' Mutual Fire, 


268,861 


229,961 


26,205,884 


254,739 


17,082 


Phoenix, .... 


3,831,121 


3,228,983 


515,528,966 


3,576,277 


1,632,282 


Potomac, ... 


304,284 


262,670 


38,260,318 


271,521 


120,983 


Providence Mutual Fire, . 


100,755 


77,159 


28,676,251 


79,182 


30,307 


Providence Washington, . 


1,998,471 


1,945,824 


189,391,141 


1.492,787 


808,402 


Queen, .... 


3,272,773 


2,843,216 


377,075,300 


3,009.679 


1,560,209 


Reliance, .... 


632,639 


518,927 


78,798,579 


579,039 


247,368 


R. I. Mutual Fire, . 


580,772 


497,613 


67,275,841 


552,729 


31,974 


Rochester German, . 


1,055,990 


902,715 


117,606,428 


998,874 


425,905 


Security, .... 


930,206 


771,307 


125,329,626 


853,400 


384,431 


Spring Garden, . 


755,475 


630,634 


117,665,302 


672,018 


274,326 


State Mutual Fire, . 


938,979 


847,104 


108,052,837 


900,667 


56,430 


St Paul Fire & Marine, . 


3,148,865 


2,772,287 


243,100,065 


2,554,566 


1,307,988 


Teutonia 


673,428 


604,172 


50,754,799 


623,415 


352,964 


Traders' 


1,555,629 


1,272,948 


158,767,913 


1,404,898 


681,717 


Union, 


365,637 


372,778 


43,702,347 


348,569 


206,361 


Union Mutual Fire, . 


47,126 


38,796 


18,569,050 


32,868 


8,650 


United Firemen's, 


530,899 


469,280 


104,819,520 


411,905 


230,837 


United States Fire, . 


536,860 


459,502 


59,497,193 


512,776 


219,453 


United States Lloyds, 


639,092 


676,152 


- 


_ 




Victoria Fire, 


159,442 


121,330 


14,605,282 


150,345 


69,151 


Westchester Fire, 


2,139,613 


1,846,989 


326,567,266 


2,012,041 


959,606 


Western, .... 


372,982 


331,5-U 


36,101,396 


339,548 


171,243 


What Cheer Mutual Fire, 


311,387 


282,258 


33,720,283 


299,889 


1 1 ,939 


Williamsburgh City Fire, 


1,218,154 


1,058,295 


172.354,774 


1,080,392 


501,819 


Totals, 


$153,552,481 


$130,563,326 


$18,703,522,406 


$131,416,833 


$60,967,036 



XXV111 



REPORT OF THE 



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

Marine Business. 



NAME OF COMPANY. 



Amount at 

Risk 

Dec. 31, 1903. 



Premiums. 



Losses 
Paid. 



^Etna, 

Assurance Company of America, 
Atlantic Mutual, .... 
Citizens' (St. Louis), . 
Colonial Assurance, . 

Columbia 

Detroit Fire and Marine, . 
Ecmitable Fire and Marine, 

Federal 

Fireman's Fund, .... 

Greenwich 

Home, 

Home Fire and Marine, 
Ins. Co. of North America, 
Mechanics' and Traders', . 

Northwestern National, 
Orient, . . . • 
Providence Washington, . 
Security, . . 
St. Paul Fire and Marine, . 

Teutonia, 

United States Fire, . 
United States Lloyds, 
Western, 

Totals, 



$12,293,163 
130,562,391 



3,113,681 

1,211,043 

248,103 

28,760,986 

7,427,196 

3,153,168 

11,270,812 

638,029 

6,760,841 



7,317,715 

279,914 

4,349,133 



8,634,293 



$226,020,468 



$336,899 

3,013,945 
155 



74,854 

73,733 

23,642 

703,149 

534,365 

195,200 

262,361 

50,452 

1,819,200 

1,898 



412,027 

25,966 

423,815 

20,573 

557,359 
76 



$,529,669 



$205,415 

1,152 

1,142,302 

4,640 

37,302 

50,436 

15,311 

410,847 

311,385 

122,460 

190,791 

40,975 

1,368,922 

4,840 

162 

1,680 

302,550 

20,851 

279,494 

2,774 

10,026 
449,806 



$4,974,121 



INSURANCE COMMISSIONER. 



XXIX 



Table X. — United States Branches, Foreign Companies. 

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



NAME OF COM- 
PANY. 


Location. 


Amount at 

Risk 

Dec. 31, 1903. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 1903. 


Aachen & Munich Fire, 


Aix-la-Chapelle, 


$88,656,189 


$1,034,371 


$694,230 


$340,141 


Alliance Assurance, 


London, . 


35,355,976 


779,756 


275,818 


503,938 


Atlas Assurance, . 


London, . 


101,087,447 


1,137,427 


710,075 


427,352 


British Am. Assurance, 


Toronto, . 


123,996,482 


1,292,379 


992,578 


299,801 


Biitish & For. Marine,* 


Liverpool, 


9,897,111 


1,298,930 


642,333 


656,597 


Caledonian, . 


Edinburgh, 


157,430,094 


1,563,225 


996,807 


566,418 


Cologne Reinsurance, . 


Cologne, . 


83,196,052 


737,652 


457,969 


279,683 


Commercial Union Ass.,* 


London, . 


407,264,532 


4,129,168 


2,902,369 


1,226,799 


Hamburg-Bremen Fire, 


Hamburg, 


197,674,633 


1,727,844 


1,397,485 


330,359 


Law, Union & Crown, . 


London, . 


38,942,797 


719,183 


271,515 


447,668 


Llverp.&Lon & Globe, 


Liverpool, 


967,745,673 


11,324,137 


6,978,723 


4,345,414 


Londou Assur. (Fire), . 


London, . 


204,563,454 


1,994,862 


1,282,860 


712,002 


Lon. Assur. (Marine),* 


London, . 


11,128,303 


552,484 


216,484 


336,000 


Lon. & Lancashire Fire, 


Liverpool, 


336,967,732 


2,438,467 


1,853,148 


585,319 


Manchester Assurance, 


Manchester, . 


168,895,208 


1,595,323 


1,167,433 


427,890 


Mannheim,* . 


Mannheim, 


19,897,181 


466,863 


163,713 


303,150 


Marine,* .... 


London, . 


33,774,100 


529,934 


173,189 


356,745 


Moscow Fire, 


Moscow, . 


54,239,385 


815,183 


340,030 


475,153 


Munich Reinsurance, . 


Munich, . 


334,577,801 


3,028,113 


2,533,169 


494,944 


National Assurance, 


Dublin, . 


42,785,613 


607,205 


381,695 


225,510 


No. British & Mercantile, 


London, . 


570,235,208 


5,741,731 


3,323,912 


2,417,819' 


Northern Assurance, . 


London, . 


308,843,050 


3,131,955 


2,306,257 


825,698 


Norwich Union Fire, . 


Norwich, 


276,269,284 


2,558,697 


1,792,361 


766,336 


Palatine, 


London, . 


140,398,865 


1,762,464 


1,094,193 


668,271 


Phuenix Assurance, 


London, . 


313,514,839 


2,886,006 


2,126,230 


759,776 


Prussian National, 


Stettin, . 


79,021,286 


1,016,516 


611,931 


404,585 


Reliance Marine,* . 


Liverpool, 


2,429,829 


352,948 


72,193 


280,755 


Royal, .... 


Liverpool, 


812,051,592 


8,232,543 


5,210,028 


3,022,515 


Royal Exchange Ass , . 


London, . 


154,377,135 


1,986,592 


1,184,232 


802,360 


Salamandra, . 


St. Petersburg, 


89,999,008 


1,017,280 


725,989 


291,291 


Scottish Union & Nat'l, 


Edinburg, 


306,193,028 


4,257,172 


1,883,148 


2,374,023 


Hkandia 


Stockholm, 


85,479,351 


928,840 


646,284 


282,556 


State Fire, 


Liverpool, 


14,883,321 


333,598 


126,709 


206,889 


Sun 


Loudon, . 


335,505,178 


2,674,154 


1,955,212 


718,942 


Svea Fire & Life, . 


Gothenburg, . 


49,176,583 


748,968 


439,384 


309,584 


Thames & Mersey Mar.,* 


Liverpool, 


7,280,447 


545,163 


235,441 


309,723 


Thuringia, 


Erfurt, . 


103,080,438 


1,179,331 


888,428 


290,903 


Union Assurance, . 


London, . 


125,697,078 


1,264,418 


818,425 


445,993 


Western Assurance, 


Toronto, . 


237,782,185 


2,264,965 


1,713,197 


551,768 




$7,430,283,468 


$80,655,847 


$51,585,177 


$29,070,670 



XXX 



REPORT OF THE 



Table XI. — United States Branches, Foreign Companies. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Expenses. 


Premiums. 


Losses 
Paid. 


Aachen & Munich Fire, 


$932,288 


$829,458 


$356,737 


$897,194 


$467,553 


Alliance Assurance, . 


424,314 


415,477 


134,480 


382,704 


171,697 


Atlas Assurance, 


990,015 


914,519 


335,768 


889,846 


527,036 


British America Assurance, 


1,547,737 


1,438,595 


496,625 


1,510,384 


871,046 


British & Foreign Marine, . 


1,645,431 


1,611,660 


208,545 


817,832 


435,161 


Caledonian, 


1,145,641 


1,102,821 


450,318 


1,064,136 


550,460 


Cologne Reinsurance, 


614,192 


544,182 


153,980 


535,364 


242,818 


Commercial Union Assurance, . 


3,157,116 


2,853,075 


971,708 


3,023,984 


1,636,653 


Hamberg-Bremen Fire, 


1,756,061 


1,599,576 


631,450 


1,697,431 


855,319 


Law, Union and Crown, 


561,473 


375,717 


131,486 


369,801 


170,715 


Liverpool & London & Globe, . 


7,286,573 


6,249,249 


2,085,344 


6,857,554 


3,476,815 


London Assurance (Fire), . 


1,481,070 


1,455,912 


527,369 


1,405,620 


673,184 


London Assurance (Marine), . 


427,695 


397,339 


118,441 


409,326 


206,062 


London & Lancashire Fire, 


1,995,329 


1,903,513 


775,971 


1,906,464 


853,267 


Manchester Assurance, 


1,514,359 


1,586,107 


519,416 


1,381,385 


748,905 


Mannheim, 


735,544 


692,158 


201,946 


723,794 


386,522 


Marine 


645,252 


535,315 


135,083 


628,448 


262,145 


Moscow Fire 


460,199 


391,508 


111,304 


403,405 


280,203 


Munich Reinsurance, . 


3,658,293 


2,826,034 


1,102,455 


3,547,883 


1,663,179 


National Assurance, . 


515,665 


480,366 


176,032 


432,776 


301,600 


North British & Mercantile, 


3,874,193 


3,365,858 


1,247,924 


3,687,877 


1,911,895 


Northern Assurance, . 


2,419,891 


2,369,906 


775,878 


2,305,083 


1,070,037 


Norwich Union Fire, . 


2,113,818 


1,861,746 


805,768 


2,044,902 


896,605 


Palatine, 


1,311,576 


1,141,276 


462,373 


1,270,151 


608,879 


Phoenix Assurance, 


2,568,806 


2,571,485 


1,102,521 


2,470,182 


1,465,334 


Prussian National, 


699,091 


596,235 


280,477 


671,126 


313,086 


Reliance Marine, .... 


176,337 


182,935 


18,588 


164,525 


140,310 


Royal, . .... 


5,741,421 


4,973,920 


1,845,201 


4,842,393 


2,478,899 


Royal Exchange Assurance, 


1,643,175 


1,122,736 


420,486 


1,309,630 


570,579 


Balamandra, .... 


1,058,111 


838,373 


265,806 


995,835 


459,092 


Scottish Union & National, 


2,067,975 


1,680,801 


674,182 


1,897,099 


976,285 


Skandia 


793,948 


777,698 


270,353 


763,103 


444,878 


State Fire, 


194,428 


184,962 


70,437 


184,004 


97,946 


Sun, 


2,128,445 


2,033,156 


838,196 


2,022,549 


1,007,983 


Svea Fire & Life, 


567,921 


536,985 


197,222 


537,036 


324,450 


Thames & Mersey Marine, 


567,967 


543,515 


104,378 


549,451 


270,723 


Thuringia, 


1,159,112 


1,118,455 


488,570 


1,100,781 


627,065 


Union Assurance, 


1,127,169 


933,902 


388,042 


1,046,303 


535,526 


Western Assurance, . 


2,676,595 


2,613,720 


894,973 


2,601,652 


1,522,876 


Totals 


$64,384,226 


$57,650,245 


$20,775,833 


$59,349,013 


$30,502,788 



INSURANCE COMMISSIONER. 



XXXI 



Table XII. — Massachusetts Business for 1903. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Abington, 


$2,191,046 


$32,717 


$7,407 


$7,407 


AnuiBquam, 


62,355 


- 


34 


34 


Arkwright 


58,825,975 


434,943 


55,038 


54,349 


Atlas, 


3,786,037 


40,398 


19,063 


21,591 


Attleborough 


720,740 


5,710 


4,304 


3,304 


Barnstable County, 


2,122,695 


38,593 


13,031 


11,572 


Berkshire, 


3,366,991 


45,154 


12,680 


12,689 


Boston Manufacturers', 


70,064,234 


507,528 


57,337 


60,656 


Bristol County, . . - . 


236,700 


1,587 


632 


1,293 


Cambridge 


6,498,526 


107,640 


43,216 


47,539 


Citizens' 


7,029,824 


90,039 


21,578 


21,948 


Cohasset, 


72,775 


1,098 


- 


- 


Cotton and Woolen, 


6,544,977 


53,400 


2,742 


2,742 


Dedbam, 


2,239,198 


34,535 


13,528 


13,528 


Dorchester 


11,475,584 


195,145 


69,054 


71,947 


Fall River Manufacturers', .... 


21,708,151 


162,644 


12,872 


13,401 


Fitchburg, 


4,764,661 


71,016 


23,282 


23,297 


Groveland 


345,488 


- 


3,085 


4,990 


Hampshire, 


1,166,416 


18,547 


7,775 


7,775 


Hingham, 


6,008,014 


87,805 


31,740 


31,669 


Holyoke, 


8,129,665 


116,591 


36,262 


29,610 


Industrial 


3,717,265 


30,264 


1,791 


1,791 


Lowell 


3,600,185 


58,300 


17,526 


14,675 


Lumber, 


1,469,373 


32,581 


22,382 


22,382 


Lynn 


485,014 


5,952 


368 


547 


Merchants' and Farmers', .... 


4,848,648 


73,586 


15,028 


14,666 


Merrimack, 


7,882,372 


111,981 


36,734 


38,246 


Middlesex, 


11,771,303 


174,803 


50,524 


50,724 


Mutual Fire Assurance, .... 


1,323,650 


22,635 


2,624 


2,624 


Mutual Protection, 


2,155,913 


34,274 


11,584 


11,323 


Newburyport, 


161,883 


2,484 


447 


316 


Norfolk 


5,976,230 


84,331 


25,787 


25,739 


Paper Mill 


6,374,590 


46,179 


6,862 


6,862 


Quincy 


8,017,231 


118,600 


27,121 


27,190 


Rubber Manufacturers', .... 


5,489,393 


41,793 


2,475 


2,475 


Salem, 


2,667,711 


43,561 


16,132 


19,543 


Salisbury and Amesbury, .... 


655,960 


6,571 


3,000 


3,000 


Saugus 


932,095 


- 


284 


284 


South Danvers, 


158,375 


2,738 


1,055 


1,055 


Tinders' and Mechanics', .... 


8,435,932 


128,844 


43,404 


44,504 


Western Massachusetts, .... 


1,200 


18 


_ 


_ 


West Newbury 


244,030 


- 


2,000 


1,999 


Whiting, 


155,550 


1,786 


96 


96 


Worcester Manufacturers', .... 


24,193,122 


184,033 


15,274 


16,958 


Worcester Mutual, 


11,735,994 


163,402 


38,591 


34,276 


Totals 


$329,763,071 


$3,413,806 


$775,749 


$782,616 



XXX11 



REPORT OF THE 



Table XII. — Massachusetts Business for 1903 — Continued. 
Massachusetts Mutual Fire-Marine Companies. 

Fire Business. 



name of company. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 




$2,288,581 


$29,161 


$10,363 


$11,234 


Marine Business. 




$13,640,244 


$183,861 


$178,972 


$168,613 



Massachusetts Stock Companies. 
Fire Business. 



American, . 

Boston 

Mercantile Fire and Marine, , 
Springfield Fire and Marine, 

Totals 



$6,592,395 

13,452,928 

5,476,439 

18,916,125 



$44,437,887 



$61,525 

166,309 

61,507 

196,358 



$485,699 



$28,419 
65,277 
28,863 
73,230 



$195,789 



$23,627 
64,127 
23,971 
81,209 



$192,934 



Marine Business. 



Boston, 



$49,994,659 



$433,288 



$310,155 



$284,339 



Companies of Other States. 
Fire Business. 



vEtna, 

Agricultural, . 
Albany, . 
American (Newark), 
American Central, . 



American Fire (Philadelphia), 
American Lloyds, . 
American Mutual, . 
Assurance Company of America, 
Blackstone Mutual, 



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



Capital Fire 

Central Manufacturers' Mutual, 
Citizens' (St. Louis), 
Colonial Assurance, 
Colonial Fire, .... 



$30,222,553 
8,295,800 
2,771,861 
5,024,811 
9,469,829 

3,199,881 
2,573,500 
5,937,218 
4,064,080 
19,145,725 

1,715,647 
705,666 

2,275,767 
760,105 

3,457,426 

2,112,324 
612,978 
4,925,252 
2,666,142 
1,416,774 



75,032 

33,928 

55,069 

110,182 

38,980 
18,976 
44,885 
40,480 
145,374 

22,059 
6,288 

18,579 
8,946 

42,305 

24,906 
14,621 
69,559 
33,590 
16,109 



$133,168 
29,496 
18,217 
14,715 
53,718 

17,293 
3,452 
3,213 
8,093 

15,987 

10,612 
2,345 
9,144 
6,200 

13,116 

19,274 

20,204 

35,137 

17,720 

2,261 



5140,358 
28,123 
13,724 
21,312 
33,949 

22,001 
1,611 
3,650 

8,774 
17,347 

9,431 

2,786 

9,015 

3,578 

16,676 

26,727 
20,214 
32,029 
17,442 
3,537 



INSURANCE COMMISSIONER. 



XXX111 



Table XII. — Massachusetts Business for 1903 — Continued. 

Companies op Other States — Continued. 

Fire Business — Continued. 





NAME OF COMPANY. 


Risks 
Written. 


* 

Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Commerce, 


$1,390,397 


$14,217 


$12,560 


$7,863 


Commercial Union Fire, .... 


1,868,654 


22,832 


1,285 


7,027 


Commonwealth, 


4,104,296 


30,164 


8,168 


5,422 


Concordia Fire 


2,640,753 


24,651 


21,636 


20,610 


Connecticut Fire, 


13,686,900 


149,188 


78,754 


83,571 


Continental 


19,178,805 


209,224 


115,841 


125,153 


Delaware, 


4,621,644 


69,613 


31,240 


33,635 


Detroit Fire and Marine 


1,000,872 


8,113 


8,289 


5,165 


Dutchess, 


3,259,807 


47,115 


18,244 


19,385 


Empire City Fire, 


1,857,538 


12,596 


12,278 


12,029 


Enterprise Mutual, 


5,943,872 


45,130 


3,213 


3,650 


Equitable Fire and Marine, .... 


6,496,541 


66,830 


25,867 


21,060 


Farmers' Fire, 


3,948,853 


45,053 


25,753 


27,712 


Federal, 


817,578 


5,780 


106 


106 


Fire Association, 


18,084,130 


196,855 


89,652 


91,890 


Fire Insurance Co., County of Philadelphia, 


1,059,277 


8,737 


5,699 


3,336 


Fireman's Fund, 


11,147,281 


117,338 


57,585 


60,575 


Firemen's (Baltimore) 


2,974,972 


38,074 


21,135 


14,053 


Firemen's (Newark), 


3,944,359 


41,261 


16,919 


17,290 


Firemen's Mutual, 


34,047,910 


258,264 


19,748 


21,580 


Franklin Fire 


3,268,101 


34,133 


14,767 


13,500 


German (Freeport), 


5,433,741 


54,169 


19,928 


19,247 


German Alliance, 


2,615,277 


27,273 


12,937 


11,327 


German American, . 


21,202,856 


231,325 


109,799 


112,537 


German American Fire, 


144,350 


1,450 


- 


- 


German Fire (Peoria) 


998,162 


9,180 


3,433 


3,433 


German Fire (Pittsburgh), .... 


4,750,681 


53,256 


19,528 


23,099 


Germania Fire, 


7,416,896 


72,337 


30,077 


23,642 


Girard Fire and Marine, .... 


2,400,691 


22,653 


11,720 


9,298 


Glens Falls, 


5,448,167 


42,969 


17,114 


15,146 


Granite State Fire, 


6,303,784 


66,338 


26,589 


27,113 


Greenwich, 


9,517,386 


71,155 


39,573 


39,604 


Hanover Fire, 


7,109,803 


86,447 


40,344 


43,204 


Hartford Fire 


23,786,249 


280,141 


121,163 


125,753 


Home, 


52,716,134 


466,144 


198,127 


264,602 


Home Fire (Baltimore), .... 


269,200 


2,702 


37 


37 


Home Fire and Marine, 


4,147,012 


45,384 


16,972 


15,927 


Hope Mutual, 


2,839,515 


23,186 


1,789 


1,890 


Indemnity Fire 


1,109,704 


12,722 


8,810 


7,210 


Indianapolis Fire, 


335,740 


4,013 


2,351 


896 


Insurance Co. of North America, . 


29,001,236 


301,709 


121,133 


126,984 


Insurance Co. State of Pennsylvania, . 


1,014,352 


11,358 


579 


2,336 


Kings County Fire, 


933,396 


11,012 


4,237 


1,805 


Lafayette Fire, 


749,357 


11,005 


4,476 


1,202 


Manufacturers' Mutual, .... 


14,247,823 


107,730 


10,883 


11,728 


Mechanics', 


968,927 


13,471 


10,689 


9,463 


Mechanics' Mutual, 


8,498,276 


64,214 


7,131 


7,927 


Mechanics' and Traders', .... 


2,645,701 


20,502 


8,810 


9,566 


Mercantile Mutual, 


1,351,412 


11,760 


568 


568 


Merchants' Mutual, 


8,210,458 


61,642 


7,303 


7,553 


Middlesex Mutual 


2,772,314 


38,560 


28,103 


30,857 


Millers' National 


213,331 


2,727 


1,668 


1,668 


Milwaukee Fire 


406,007 


4,306 


5,526 


3,778 


Milwaukee Mechanics' 


2,092,641 


26,561 


17,082 


11,281 


Nassau Fire, 


2,333,837 


21,615 


7,749 


6,349 





XXX IV 



REPORT OF THE 



Table XII. — Massachusetts Business for 1903 — Continued. 

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



name of company. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


National Fire, 


$19,508,361 


$181,818 


$69,414 


$83,799 


National Union Fire, 


4,001,636 


44,004 


10,524 


9,841 


Newark Fire, 


525,219 


6,112 


3,832 


3,121 


New Hampshire Fire, 


16,467,655 


158,251 


64,335 


78,504 


New York Fire, 


2,045,977 


13,913 


6,976 


4,536 


Niagara Fire, 


20,160,879 


241,223 


111,843 


115,882 


North British and Mercantile, 


2,717,412 


16,426 


4,501 


3,179 


Northern, 


1,517,527 


13,125 


9,936 


6,790 


North German Fire, 


820,736 


8,980 


4,240 


3,949 


North River, 


4,066,884 


37,593 


9,537 


11,324 


Northwestern National, .... 


3,197,442 


26,177 


16,465 


15,039 


Orient, . 


6,231,684 


48,696 


27,407 


25,222 


Pawtucket Mutual, 


2,273,141 


40,700 


11,763 


14,695 


Pelican Assurance, 


1,160,026 


12,341 


10,037 


7,616 


Pennsylvania Fire 


12,975,079 


137,817 


63,229 


64,924 


Phenix (New York), 


22,656,197 


171,216 


77,077 


75,910 


Philadelphia Manufacturers', 


2,079,947 


17,233 


1,849 


1,878 


Phoenix (Hartford), . . 


18,055,826 


180,949 


78,832 


86,506 


Potomac 


1,285,238 


17,691 


10,327 


8,631 


Providence Mutual, 


1,017,012 


10,928 


907 


907 


Providence Washington, .... 


12,801,474 


125,752 


59,777 


64,966 


Queen 


11,908,408 


116,189 


54,599 


59,052 


Reliance, 


3,871,670 


37,371 


13,051 


13,443 


Rhode Island Mutual, 


20,753,067 


156,617 


15,067 


16,019 


Rochester German, 


5,299,660 


65,303 


24,160 


26,539 


Security, 


6,965,757 


73,792 


31,056 


32,959 


Spring Garden 


4,264,838 


51,898 


33,242 


31,667 


State Mutual, . 


35,560,229 


280,260 


22,697 


25,017 


St. Paul Fire and Marine, .... 


5,868,563 


53,799 


27,811 


25,275 


Teutonia 


3,571,535 


41,073 


22,669 


21,673 


Traders', 


5,183,552 


66,905 


33,142 


40,192 


Union, 


4,353,139 


43,292 


19,852 


19,145 


Union Mutual, 


256,850 


2,886 


2 


2 


United Firemen's 


2,322,059 


29,237 


21,523 


20,449 


United States Fire 


6,202,222 


53,769 


19,165 


23,989 


Victoria Fire 


768,190 


5,967 


3,745 


3,522 


"Westchester Fire, 


7,233,123 


81,977 


38,835 


43,315 


Western, 


2,155,701 


24,408 


16,263 


18,103 


What Cheer Mutual 


3,637,323 


28,885 


2,456 


2,594 


Williamsburgh City Fire, .... 


4,907,945 


53,195 


32,229 


27,993 




$781,329,477 


$7,622,506 


$3,022,704 


$3,142,093 



Marine Business. 



JStna, .... 

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 



$2,659,590 

45,346,000 

486,880 

1,244,220 

7,997,811 

771,700 

30,332,166 

13,545,001 

1,393,185 

59,262,612 



$163,039,165 



$60,645 

197,738 

7,072 

21,534 

38,860 

17,319 

214,845 

55,435 

21,083 

144,799 



$779,330 



$46,269 

37,439 

2,928 

16,108 

22,740 

13,060 

141,322 

26,104 

18,236 

144,405 



$46"8,611 



$46,167 

37,439 

3,244 

17,205 

29,365 

14,189 

130,000 

29,606 

18,945 

146,667 



$472,827 



INSURANCE COMMISSIONER. 



XXXV 



Table XII. — Massachusetts Business for 1903 — Continued. 

United States Branches, Foreign Companies. 

Fire Business. 



name of company. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



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



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

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

Moscow 

Munich Reinsurance, . 

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



Phoenix Assurance, 
Prussian National, 

Royal, 

Royal Exchange Assurance, 
Salamandra, 

Scottish Union and National, 
Skandia, .... 

State, 

Sun, 

Svea, 



Thuringia, . 
Union Assurance, 
Western Assurance, 



Totals, 



$3,136,705 
4,044,151 
6,151,481 
3,572,901 

7,477,717 

4,851,007 

12,924,872 

5,279,327 

1,514,559 

31,843,317 

7,386,253 

11,430,937 

5,569,985 

25,660,764 

3,785,700 
21,710,250 
14,260,688 
12,432,888 
12,536,182 

11,128,185 

2,621,873 

44,388,600 

11,456,240 

3,782,334 

10,088,208 
7,898,484 
1,025,782 

17,666,483 
1,555,780 

4,867,923 
6,470,622 
6,533,165 



$325,053,363 



$43,627 
35,964 
50,299 
45,331 
95,398 

50,331 

165,959 

64,203 

14,399 

370,441 

81,472 

87,144 

69,696 

1,667 

254,450 

57,158 
200,766 
112,644 
121,017 
134,335 

135,876 

24,681 

383,392 

118,507 

47,763 

97,854 

61,885 

9,827 

153,373 

22,464 

65,014 
55,179 
81,101 



$,313,217 



$24,573 

4,454 

39,365 

34,375 

45,663 

20,204 

73,328 

36,749 

6,344 

148,406 

49,407 

45,673 

42,752 

9,539 

115,045 

44,725 
94,709 
52,987 
46,778 
64,908 

65,750 
12,640 
208,009 
43,100 
15,762 

39,034 
31,182 
4,553 
99,771 
17,115 

29,566 
20,507 
49,183 



$21,978 

4,831 

32,118 

28,351 

48,973 

19,627 

73,808 

32,029 

8,253 

174,589 

47,098 

49,218 

33,541 

9,118 

129,455 

48,332 
97,265 
52,719 
52,906 
63,722 

66,124 

9,862 

215,849 

45,832 

34,895 

45,105 

36,236 

3,896 

105,878 

16,915 

33,911 
15,289 
49,125 



$1,636,156 



$1,706,848 



Marine Business. 



British and Foreign Marine, 


$35,959,667 


$127,562 


$100,832 


$138,944 


Commercial Union Assurance, 




9,352,735 


24,284 


233 


2,583 


London Assurance (Marine), 




8,745,977 


41,654 


10,549 


14,000 


Mnnnheim 




7,670,634 


46,560 


14,371 


14,721 


Marine, .... 




193,195,563 


51,286 


19,425 


20,500 


Reliance Marine, . 




16,555 


145 


- 


- 


Thames and Mersey, . 




5,899,409 


18,328 


3,075 


8,075 


Totals, .... 


• 


$260,840,540 


$309,819 


$148,485 


$198,823 



Recapitulation . 
Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire-marine com 

panies, 

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



Totals, 



$329,763,071 

2,288,581 

44,437,887 

781,329,477 

325,053,363 



$1,482,872,379 



$3,413,806 

29,161 

485,699 

7,622,506 

3,313,217 



$14,864,389 



$775,749 

10,363 

195,789 

3,022,704 

1,636,156 



$5,640,851 



$782,616 

11,234 

192,934 

3,142,093 

1,706,848 



$5,835,725 



XXXVI 



REPORT OF THE 



Table XII. — Massachusetts Business for 1903 — Concluded. 
Recapitulation — Concluded. 
Marine Business.* 



NAME OF COMPANY. 

t 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


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


$13,640,244 

49,994,659 

163,039,165 

260,840,540 


$183,861 
433,288 
779,330 
309,819 


$178,972 
310,155 
468,611 
148,485 


$168,613 
284,339 
472,827 
198,823 




$487,514,608 


$1,706,298 


$1,106,223 


$1,124,602 



Table XIII. — Statement of the Receipts and Expenditures of the 
Insurance Department for the Year ending Dec. 31, 1903. 

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

Receipts. 



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



$14,179 43 
61,505 00 



#75,684 43 



Expenditures. 



Commissioner. 
Frederick L. Cutting, 



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



Emma W. Cushman, 



Actuary. 



William H. Brown, 



Examiner. 



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

Extra Clerks. 
L. G. Hodgkins, .... 
C. E. Weis, .... 

M. E. Burrill 

E. L. Johnson, .... 

Amounts carried forward, . 



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



$1,375 00 
1,000 00 
1,000 00 
1,000 00 



$4,375 00 



$3,500 00 
2,500 00 
2,000 00 
2,0C0 00 



4,700 00 



§14,700 00 



INSURANCE COMMISSIONER. 



XXXV11 



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



Amounts brought forward^ 


$4,375 00 


$ 14,700 00 


F. M. Bobbins, 


1,000 00 




F. M. Page, 




, , , 








1,000 


00 




I. L. Baker, 




. . . 








1,000 00 




G. C. Studley, 




. 








900 00 




G. M. Hall, 




. . . 








900 00 




M. Sanborn, 




, , 








900 00 




G. H. Manks, 




. . i 








900 00 




F. E. Gowell, 




• . < 








840 00 




M. L. McMann, 




• • . 








840 


00 




L. H. Young, 




, , 








840 


00 




E. G. Stevens, 




, , 








840 00 




M. H. Dyer, 




, , 








840 00 




B. B. Hadley, 




. 








840 


00 




K. J. Connorton, 




, , 








840 00 




S. E. Gould, 




# # 








840 


00 




J. S. Davis, 




, . 








826 


47 




K. L. Scheufele, 


, , 








805 00 




E. P. Bancroft, . 


§ t 








805 


00 




H. L. Richardson, 


I a . 








760 


00 




G. L. Hemenway, 


. , 








755 


00 




S.E.Flint,. 


. • • 








666 


66 




G. L. Moore, 


1 • . 








665 


00 




A. Robinson, 


, , 








630 


00 




M. F. Yeaton, . 


1 • . 








450 00 




H. A. Stewart, . 


, , , 








132 


69 




L. A. McGowan, 


1 • • 








86 


66 




G. E. Nelson, . 


■ . . 








75 


00 




A. P. Cromack, . 


, , 








75 


00 




Extra clerical assistance, . 








346 


17 










24,773 65 








Expenses. 








Calculating machine, 


$400 C 




Expenses of delegates to national convention, 


123 


94 




Expressage, 


125 


22 




Extra clerical assistance, . 


. 




25 


00 




Newspapers, publications, etc., 


, 




53 


00 




Postage, 


, , 




697 


76 




Printing and binding, 


, , 




1,784 


40 




Stationery and office supplies, . 


. . 




233 


68 




Telegraph and telephone, . 


, , 




47 


56 




Travelling expenses, examination of 


insurance 


com- 








panies, 


, , 




437 


59 




Sundries, 


, . 




71 


20 










3,999 35 








Printing and binding Report. 








2,500 copies Part L, 


$1,821 


24 




4,000 copies Part II., 


2,190 


08 


4,011 32 








Total expenditures for 1903, .... 


$47,484 32 


Fees collected and turned into the State treasury, . 






75,684 43 


Surplus ace 


rued 


to the Commor 


iwea' 


th, 




$28,200 11 



FIKE AND MAEINE INSUEANCE COMPANIES. 



Abstracts of Annual Statements for the Year ending 
December 31', 1903. 



AIUNGTON MUTUAL FIRE INSURANCE CO. 



MASSACHUSETTS MUTUAL FIRE COMPANIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

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

Amount of permanent fund, $41,728 54 



Income. 

Net premiums, $34,018 21 

Interest on mortgage loans, $1,132.55; stocks and bonds, 

$2,115.27; all other, $821.54 4,069 36 

Rents 5 00 

From all other sources, 412 15 



Total income, $38,504 72 



Ledger assets, Dec. 31, 1902, less commissions due, 



94,290 11 



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, 

Taxes and fees, 

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



Total disbursements, 
Balance, 



Ledger Assets 

Mortgages,* .... 
Stocks and bonds (Schedule A), 
Town of Abington note, . 
Cash in banks and offices, 
Agents' balances, 
Bills receivable, not matured, . 

Total ledger assets, . 



$132,794 


83 


$7,586 


63 


11,111 


08 


5,243 01 


2,302 


87 


300 00 


5 


92 


384 45 


225 00 


1,270 


61 



$28,429 57 
$104,365 26 



,957 97 

59,600 00 

2,000 00 

18,587 95 

2,954 17 

1,265 17 

$104,365 26 



* Value of land, $8,300; buildings, $36,290; insurance thereon, $28,000. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, 1249.36; bonds, 1585.40, 
Market value of stocks and bonds over book value, 



Gross assets, 



$834 76 
447 00 

$ 105,647 02 



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

Total admitted assets, .... 



57 64 



. $105,589 38 



Liabilities. 

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

All liabilities, except surplus, . 
Surplus, 

Total liabilities, .... 



$50,233 16 

1,878 46 

210 88 

$52,322 50 
53,266 88 

$105,589 38 



Risks and Premiums. 



Risks outstanding Dec. 31, 1902 
Risks written during 1903, 

Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Amount. 

^6,025,637 00 
2,248,081 00 



Cash Prem's. Conting't Prem's 

$91,357 97 $91,357 97 
36,022 93 36,022 93 



8,273,718 00 $127,380 90 $127,380 90 
1,994,530 00 30,804 19 30,804 19 



1,279,188 00 
55,230 00 



,576 71 
870 41 



1,223,958 00 $95,706 30 



,576 71 
870 41 



)5,706 30 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$7,587 00 



Schedule A. 

Slocks and Bonds owned by the Company. 



20 shares Union Pacific R.R., . 

10 " State National Bank, Boston, . 

14 " Metropolitan National B'k, Boston, 
5 " Old Boston National Bank, Boston, 

20 " South End National Bank, Boston, 

15 " Abington National Bank, Abington, 
5 " Whitman National Bank, Whitman, 

14 " First NM B'k, Salem (in liquidation), 
Portland &Ogdensburg R.R. bonds, 
Naumkeag Street Railway bonds, . 



Hook Value. 

$2,000 00 
1,000 
1,400 

500 
2,000 
1,500 

500 

700 
5,000 
2,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$1,560 00 

1,450 00 

1,512 00 

520 00 

1,860 00 

1,500 00 

500 00 

700 00 

5,250 00 

2,020 00 



ANNISQUAM MUTUAL FIRE INSURANCE CO 



Trenton Passenger Railway bonds, . 

Rockland & Abington Street Railway bonds, 

Concord & Montreal R.R. debentures, 

Fitch burg R.R. bonds, .... 

Maine Central R.R. bonds, 

Illinois Central R.R. Co. bonds, 

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

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

Old Colony R.R. Co. bonds, 

Flint & Pere Marquette R R. Co bonds, . 

Chicago & Northwestern R'y Co. bonds, . 

South Abington (Mass ) bonds, 

Omaha (Neb.) city bonds, 

Taunton Street R'y Co. bonds, . 

Princeton & Northwestern R'y Co. bonds, 

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

Boston city bonds, ..... 

New Bedford city bonds 

Massachusetts State bonds, 



Book Value. 


Market Value. 


$2,000 00 


$2,340 00 


l,0o0 00 


1,070 00 


4,000 00 


3,950 00 


l,0o0 00 


1,000 00 


2,< '00 00 


2,220 00 


5,000 00 


4,430 00 


2,000 00 


2,160 00 


3,000 00 


2,760 00 


4,000 00 


4,000 00 


1,000 00 


1,160 00 


2,000 00 


2,160 00 


2,000 00 


2,060 00 


1,000 00 


1,000 00 


1,000 00 


1,040 00 


1,000 00 


940 00 


2,<)00 00 


1,960 00 


4,000 00 


4,000 00 


2,000 00 


2,000 00 


3,0( 00 


2,925 00 


$59,600 00 


$60,047 00 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

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

ELIAS DAVIS, President. JAMES S. JEWETT, Secretary. 

[Note. — This company charges a cash premium adequate for expenses only, and relies 
upon assessments on deposit notes to pay losses.] 



Amount of permanent fund, 



$948 98 



Income. 

Cash received from assessments, .... 
Interest on mortgage loans, $180 ; all other, $222.70, 
Received from treasurer, settlement of accounts, . 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1902, 

Total, .... 



$362 


14 


402 


70 


235 


54 


61 


80 


$1,062 


18 


9,156 


01 



$10,218 19 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, . 

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

Rents, 

Taxes and fees, 

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

Total disbursements, .... 

Balance, 



$34 00 


107 


35 


402 


00 


10 


00 


2 


80 


14 


50 


2 


67 


$573 


32 



$9,644 87 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 



Mortgages,* 

Cash in banks and office, . 

Office safe, 



Total ledger assets, 



Non-Ledger Assets. 



Interest accrued on mortgages, 
Assessments due, 



Gross assets, 



Assets not admitted. 



Office safe, 

Total admitted assets, .... 

Liabilities. 
Return assessments on cancelled policies, 

Risks and Premiums. 



Risks outstanding Dec. 31, 1902, 
Risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, .... 

Miscellaneous 
Losses incurred during the year, 



Amount. 

f316,700 00 
62,355 00 

$379,055 00 
66,505 00 

$312,550 00 



$3,413 94 

6,145 93 

85 00 

$9,644 87 



$112 85 
18 00 

9,775 72 



85 00 
$9,690 72 

$126 86 

Conting't Prem's. 



$3,404 00 
$34 00 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

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

Office, 31 Milk Street. 

Income. 

Net premiums, $1,214,205 63 

Interest on bonds, 38,764 29 

Total income $1,252,969 92 

Ledger assets, Dec. 31, 1902, 1,037,932 77 

Total, $2,290,902 69 

* Value of land, $3,200; buildings, $4,000; insurance thereon, $4,463. 



ARK WRIGHT MUTUAL FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $82,211 08 

Profits on terminated policies, 952,514 65 

Salaries, fees, etc., of officers and employees, .... 26,124 00 

Rents, 2,701 68 

Taxes and fees, 12,879 44 

Inspections, 19,345 69 

All other disbursements, 6,302 08 



Total disbursements, . $1,102,078 62 



Balance, $1,188,824 07 

Ledger Assets. 

Bonds (Schedule A), $1,099,571 88 

Cash in banks and office, . . ' 74,928 84 

Uncollected premiums, 14,323 35 



Total ledger assets, $1,188,824 07 

Non-Ledger Assets. 

Interest accrued on bonds, 14,295 83 

Market value of bonds over book value, 22,803 12 



Gross assets, $1,225,923 02 

Liabilities. 

Unpaid losses, $8,128 43 

Unearned premiums on outstanding risks, .... 600,028 41 

Accrued taxes, 3,244 76 



All liabilities, except surplus, $611,401 60 

Surplus, 614,521 42 



Total liabilities, $1,225,923 02 

Risks and Premiums. 

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

Risks outstandV Dec. 31, 1902, $133,418,580 00 $1,034,927 55 $5,174,637 75 
Risks written during 1903, . 161,717,018 00 1,262,103 06 6,310,517 80 



Total,. . . . $295,135,598 00 $2,297,031 11 $11,485,155 55 
Risks expired and terminated, 142,517,907 00 1,096,974 29 5,484,871 45 



In force at end of year, . $152,617,691 00 $1,200,056 82 $6,000,284 10 

Miscellaneous. 

Losses incurred during the year, $88,674 00 

Profits or surplus returned during 1903, 90.8 per cent. 

Schedule A. 

Bonds owned by the Company. 

Book Value. Market Value. 

Commonwealth of Massachusetts bonds, . $100,000 00 $96,000 00 
Cambridge city bonds, 40,000 00 40,700 00 



ATLAS MUTUAL INSURANCE CO. 



Boston city bonds, 

Providence city bonds, 

Waltham city bonds, 

Lowell city bonds, 

Worcester city bonds, 

Fitchburg Railroad bonds, 

Eastern Railroad bonds, . 

Old Colony Railroad bonds, 

Boston & Lowell Railroad bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Boston & Maine Railroad bonds, 

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

Boston & Providence R.R. bonds, 

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

Pennsylvania R.R. Company bonds, 

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

Boston & Albany Railroad bonds, . 

Norwich & Worcester R.R. bonds, . 

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

Concord & Montreal R.R bonds, 

American Telephone & Tel. Co. bonds, . 

Chicago & Northwestern R.R. bonds, 

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

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

West End Street R'y bonds, 



Book Value. 


Market Value. 


$62,625 00 


|60,950 00 


50,000 00 


47,500 00 


10,00'0 00 


10,200 00 


20,000 00 


21,400 00 


23,750 00 


25,000 00 


61,900 00 


63,500 00 


35,000 00 


36,662 00 


40,000 00 


44,000 00 


89,875 00 


96,000 00 


47,000 00 


49,850 00 


49,900 00 


54,500 00 


20,000 00 


21,200 00 


20,000 00 


21,200 00 


49,543 75 


50,000 00 


30,000 00 


32,400 00 


23,718 75 


26,500 00 


55,000 00 


56,450 00 


54,550 00 


53,500 00 


51,000 00 


50,500 00 


26,000 00 


26,750 00 


25,000 00 


23,500 00 


28,968 75 


28,750 00 


34,365 63 


34,300 00 


24,750 00 


24,750 00 


26,625 00 


26,313 00 


$1,099,571 88 $1,122,375 00 



* ATLAS MUTUAL INSURANCE COxMPANY, BOSTON. 

[Incorporated February, 1892. Commenced business June 15, 1892.] 
JOHN A. PRAY, President. EDWARD C. NORTH, Secretary. 

Office, 70 Kilby Street. 

Income. 

Net premiums, f 309,849 58 

Interest on bank deposits, 1,341 03 

Total income, $311,190 61 

Ledger assets, Dec. 31, 1902, 20,073 83 

Total, $331,264 44 



Disbursements. 

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



$141,656 72 

46,548 73 

6,939 79 

2,934 44 



Total disbursements $198,079 68 

Balance, $133,184 76 



* Company became badly impaired by Baltimore and Rochester fires in February, and 
Franklin J. Hammond was appointed receiver March 10, 1904. 



8 ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 

Cash in banks, $56,078 83 

Agents' balances, 77,105 93 



Total ledger assets, $133,184 76 

Non-Ledger Assets. 

Commissions on return premiums unpaid, .... 869 24 

Gross assets, $134,054 00 

Liabilities. 

Unpaid losses, $19,582 45 

Unearned premiums on outstanding risks, .... 96,374 54 

Commissions and other charges due agents and brokers, . 9,252 71 

Due for return premiums, 5,206 59 

All liabilities, except surplus, $130,416 29 

Surplus, . . .' . 3,637 71 

Total liabilities, $134,054 00 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $12,000 00 $28 10 $28 10 

Risks written during 1903, . 25,545,865 00 389,930 03 389,930 03 

Total, $25,557,865 00 $389,958 13 $389,958 13 

Risks expired and terminated, . 12,778,632 00 197,603 50 197,603 50 

In force at end of year, . . $12,779,233 00 $192,354 63 $192,354 63 

Miscellaneous. 

Losses incurred during the year, $161,239 00 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

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

Amount of permanent fund, $16,901 35 

Income. 

Net premiums, $5,255.35; extra premiums, $51.19, . . $5,306 54 
Interest on mortgage loans, $1,456. 90 ; stocks and bonds, $315 ; 

all other, $148.74, 1,920 64 



Total income, $7,227 18 

Ledger assets, Dec. 31, 1902, 42,766 49 

Total, $49,993 67 



ATTLEBOKOUGH MUTUAL FIRE INSURANCE CO. 9 



Disbursements. 

Net amount paid for losses, . 
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, 

Agents' balances, 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $221.76; bonds, $ 104. 97; other assets, $13.50, 340 23 

Market value of stocks and bonds over book value, . 94 17 



$4,304 
553 


13 

92 


1,219 
36 


63 

00 


115 


95 


199 


82 


$6,429 


45 


$43,564 


22 


$29,400 00 
8,910 97 
3,877 04 
1;376 21 


$43,564 


22 



Gross assets $43,998 62 

Assets not admitted. 
Agents' balances over three months due, 346 37 



Total admitted assets, $43,652 25 

Liabilities. 

Unpaid losses, $750 00 

Unearned premiums on outstanding risks, .... 9,893 29 



All liabilities, except surplus, $10,643 29 

Surplus, 33,008 96 



Total liabilities, $43,652 25 

Risks and Premiums. 

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

Risks outstanding Dec. 31,1902, $2,432,764 00 $16,758 44 $33,516 88 

Risks written during 1903, . 720,740 00 5,709 73 11,419 46 



Total $3,153,504 00 $22,468 17 $44,936 34 

Risks expired and terminated, . 627,558 00 3,589 32 7,178 64 



In force at end of year, . . $2,525,946 00 $18,878 85 $37,757 70 
* Value of land, $20,100; buildings, $42,800; insurance thereon, $31,900. 



10 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 
Losses incurred during the year, 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. 

Attleboro' Steam & Electric Co. bonds, . . $1,080 00 

Vaughn Machine Co. bonds, .... 1,02958 

Pawtucket city bonds 2,275 33 

Attleboro' town bonds, 3,515 50 

10 shares Hereford R.R. Co., .... 1,010 56 



1,910 97 



$3,304 00 



Market Value . 

$1,080 00 

1,029 58 

2,330 00 

3,555 00 

1,010 56 

$9,005 14 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

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

Amount of permanent fund, 

Income. 

Net premiums, $38,593.36 ; extra premiums, $1,172.32, 
Interest on mortgage loans, $120.54; stocks and bonds, 

$3,167.46; all other, $589.07, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1902, 

Total, $134,598 22 



$57,365 80 


$39,765 


68 


3,877 
132 


07 
33 


$43,775 08 
90,823 14 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, ...... 

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

Real estate taxes, $19.50 ; other taxes and fees, $369.55, 

Premium on stock bought, 

All other disbursements, 



Total disbursements, 



Balance, 



$13,031 16 

20,893 20 

6,064 50 

389 05 

65 00 

750 77 

$41,193 68 



,404 54 



Ledger Assets. 

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

Total ledger assets, , 



$3,250 00 

66,400 00 

9,034 54 

20 00 

14,700 00 

$93,404 54 



* Value of land, $600; buildings, $2,700; insurance thereon, $2,700. 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



11 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages,$13.25;bonds,$611.19; other assets, $1,038. 73, 
Market value of stocks and bonds over book value, 



Gross assets, 



f 1,663 17 
10,618 00 

$105,685 71 



Liabilities. 



Unpaid losses, 

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

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$190 70 

62,995 11 

756 80 

67 37 

$64,009 98 
41,675 73 

$105,685 71 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $7,527,288 00 $131,62199 $321,074 85 

Risks written during 1903, . 2,122,695 00 38,593 36 38,593 36 



Total $9,649,983 00 $170,215 35 $359,668 21 

Risks expired and terminated, . 2,094,225 00 38,751 55 116,254 65 



In force at end of year, . 



',555,758 00 $131,463 80 $243,413 56 



Miscellaneous. 

Losses incurred during the year, $11,572 00 

Profits or surplus returned during 1903, 50 and 60 per cent. 



Schedule A. 



Stocks and Bonds owned by the Company. 



State National Bank, Boston, stock, . 

National Shawmut Bank, Boston, stock, . 

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

Nat 1 l Bank of Redemption, Boston, stock, 

First National Bank, Yarmouth, stock, 

First National Bank, Hyannis, stock, 

Falmouth National Bank stock, 

Massachusetts Real Estate Co. stock, 

Old Colony R.R stock, 

Union Pacific R R. stock, . 

Southern Pacific R.R. stock, 

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

West End Street Railway stock, 

Bell Telephone Co. bonds, 

Western Telephone Co. bonds, 

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

Fall River city bond, 

Boston & Maine R.R. bonds, 



Book Value. 

$1,500 00 
600 00 
500 

1,500 

1,500 

1,000 

1,000 

2,000 

6,300 

6,600 
600 

1,100 

4,100 

4,000 

4,000 

3,000 00 

1,000 00 
12,000 00 



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



Market Value. 

$2,175 00 
1,560 

745 
2,550 
1,830 
1,050 
1,000 00 

800 00 

12,600 00 

5,504 00 

470 
2,145 
4,049 
3,920 
3,960 
3,270 
1,000 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



13,080 00 



12 BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Fitchburg R.R. bonds, 

Iowa Falls & Sioux City R.R. bonds, 

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

Oregon Short Line R.R. bonds, 

Illinois Steel Co. bonds, . 

Atchison, Topeka & Santa Fe R.R. bonds 

Illinois Central R.R. bonds, " . 

Massachusetts State bonds, 

Lombard Farm mortgage bonds, 





Book Value. 


Market Value. 




$4,000 00 


$4,120 00 




2,000 00 


2,560 00 




2,500 00 


2,855 00 




500 00 


555 00 




1,000 00 


980 00 


>> 


1,000 00 


980 00 




2,000 00 


2,120 00 




1,000 00 


1,040 00 




100 00 


100 00 




$66,400 00 


$77,018 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

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

Amount of permanent fund, $60,000 00 

Income. 

Net premiums, $51,478.04; extra premiums, $311.10, . . $51,789 14 

Interest on stocks and bonds, 5,136 89 

Rents, 1,150 95 



Total income, . $58,076 98 

Ledger assets, Dec. 31, 1902, 115,884 60 

Total, $173,961 58 

Disbursements. 

Net amount paid for losses, $13,705 84 

Profits on terminated policies, 18,095 09 

Commissions or brokerage, 8,057 92 

Salaries, fees, etc., of officers and employees, .... 3,777 00 

Rents, 450 00 

Repairs and expenses on real estate, 945 32 

Real estate taxes, $113.43 ; other taxes and fees, $633.88, . 747 31 

Loss on sale or maturity of ledger assets, .... 2,200 00 

All other disbursements, 2,114 12 

Total disbursements $50,092 60 

Balance, • . $123,868 98 

Ledger Assets. 

Real estate, $14,500 00 

Stocks and bonds (Schedule A) 99,234 42 

Cash in banks and office, 3,092 51 

Agents' balances, 7,042 05 

Total ledger assets, $123,868 98 



BERKSHIRE MUTUAL EIRE INSURANCE CO. 



13 



Non-Ledger Assets. 
Interest due : — 
On bonds, $374.15 ; other assets, $ 123. 50, 
Rents due on company's property, . 
Market value of stocks and bonds over book value, 



$497 65 

107 00 

27,492 58 



Gross assets, $151,966 21 

Liabilities. 

Unpaid losses, $4,308.88; less reinsurance, $2,345.75, . . $1,963 13 

Unearned premiums on outstanding risks, .... 78,439 91 

Dividends due policy holders, 2,276 55 

Salaries and other miscellaneous expenses, due or accrued, . 470 75 

All liabilities, except surplus, $83,150 34 

Surplus, 68,815 87 

Total liabilities, $151,966 21 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1902, $10,370,636 00 
Risks written during 1903, . 4,096,753 00 



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

,916 11 $149,916 11 
60,025 91 60,025 91 



Total $14,467,389 00 $209,942 02 $209,942 02 

Risks expired and terminated, . 3,493,81100 50,547 78 50,547 78 



In force at end of year, 
Amount reinsured, . 

Net amount in force, 



. $10,973,578 00 
663,257 00 



$159,394 24 
9,679 53 



$159,394 24 
9,679 53 



.$10,310,321 00 $149,714 71 $149,714 71 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$15,634 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Western Union Telegraph Co. bonds, 

Chicago and Western Indiana R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

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

Third Ave. U.K. (N. Y.) bonds, 

Chicago & Northwestern R R. bonds, 

Adams Express Co bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Pittsfield Cemetery bonds, 

American Tel. & Telegraph Co. bonds, . 

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

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

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

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



Book Value. 

$1,041 25 

5,356 

1,950 

1,270 

4,862 

2,165 

5,000 

1,000 

4,000 00 
10,090 33 

4,570 00 

5,370 

913 

15,305 

8,066 



25 

00 
00 
50 
00 
00 
00 



00 
78 
20 
86 



00 
00 
00 
00 
00 



Market Value. 

$1,090 00 

5,500 

1,900 

1,210 

4,850 

2,160 

10,200 00 

940 00 

4,000 00 

9,600 00 

4,480 00 

5,400 00 

880 00 

24,500 00 

5,192 00 



14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



100 shares Adams Express Co , 

55 ■ 

10 ' 

12 ' 

15 ' 

16 ' 

10 ■ 

4 ' 

25 ' 



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



Book Value. 


Market Value. 


$6,061 25 


$21,500 00 


9,665 50 


8,800 00 


2,000 00 


2,700 00 


1,500 00 


2,700 00 


1,837 50 


1,650 00 


2,360 00 


2,000 00 


1,020 00 


1,400 00 


704 00 


700 00 


3,125 00 


3,375 00 



$99,234 42 $126,727 00 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 

COMPANY, BOSTON. 

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

Office, 31 Milk Street. 

Income. 

Net premiums, $1,472,181 73 

Interest on bonds, " . . 48,050 89 

Total income, $1,520,232 62 

Ledger assets, Dec. 31, 1902, 1,133,139 61 

Total, $2,653,372 23 

Disbursements. 

Net amount paid for losses, $92,427 80 

Profits on terminated policies, 1,128,696 32 

Salaries, fees, etc., of officers and employees, .... 41,435 00 

Rents, 3,414 00 

Taxes and fees, 15,375 93 

Loss on sale or maturity of ledger assets, .... 4,655 00 

Inspections, . 23,252 40 

All other disbursements, 16,278 09 

Total disbursements, $1,325,534 54 

Balance $1,327,837 69 

Ledger Assets. 

Bonds, etc. (Schedule A), $1,271,187 50 

Cash in banks and office, 54,014 55 

Cash loan • . 2,635 64 

Total ledger assets, $1,327,837 69 



Non-Ledger Assets. 

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



17,254 16 
65,997 50 



Gross assets, $1,411,089 35 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 15 



Liabilities. 

Unpaid losses, $5,181 00 

Unearned premiums on outstanding risks, .... 727,663 66 

Taxes accrued, 4,542 73 

All liabilities, except surplus, $737,387 39 

Surplus, . 673,701 96 

Total liabilities, $1,411,089 35 



Risks and Premiums. 

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

Risks outstand'g Dec. 31,1902, $160,361,387 00 $1,232,469 02 $6,162,345 10 

Risks written during 1903, . 196,895,628 00 1,522,266 13 7,611,330 65 



Total $357,257,015 00 $2,754,735 15 $13,773,675 75 

Risks expired and terminated, 171,178,457 00 1,299,407 83 6,497,039 15 



In force at end of year, 



$186,078,558 00 $1,455,327 32 $7,276,636 60 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1903, 90.35 per cent. 



$96,369 00 



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



Massachusetts State bonds, 

Old Colony R.R. bonds, . 

Boston & Albany R.R. bonds, . 

Brookline town notes, 

Boston & Maine R R. bonds, . 

Pennsylvania R .11. Co. bonds, . 

Pennsylvania Co. bonds, . 

West Shore R.R. bonds, . 

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

Boston city bonds, 

Eastern R.R. bonds, . 

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

Boston & Lowell R.R. bonds, . 

Phila. Wilm. & Baltimore R R. bonds, 

West End Street Railway Co. bonds, 

Illinois Central R.R. bonds, 

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

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

Great Northern Pacific bonds, . 

American Telephone & Telegraph Co. bonds, 

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

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



Book Value. 

$299,962 50 
120,000 00 
50,000 00 
92,000 00 
50,000 00 
20,000 00 
29,781 25 
46,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
75,000 00 
40,000 00 
50,000 00 
30,000 00 
20,000 00 
20,000 00 
28,593 75 
29,850 00 
50,000 00 
45,000 00 



00 
00 
00 
00 
00 
00 



Market Value. 

$308,287 50 
128,750 00 
52,625 
92,000 
60,000 
20,300 
32,850 
53,625 
58,500 00 
50,860 00 
26,125 00 
55,0o0 00 
76,250 00 
42,6< 00 
53,625 00 
30,937 50 
20,200 00 
20,400 
27,300 
28,2<>0 
53,750 



00 
00 
00 
00 



45,000 00 



.,271,187 50 $1,337,185 00 



16 BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



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. — Policies are all issued for five years, ten per cent, of the premium note being 
received in cash at the time of issuing the policy. The notes are assessed as necessity 
requires. No cash funds are accumulated.] 

Income. 

Net premiums, $1,506.26 ; extra premiums, $33.95, 

Interest, 

Fees, 



$ 1,540 
50 

7 


21 
34 
25 


$1,597 80 
3,641 81 



Total income, 

Ledger assets, Dec. 31, 1902, 

Total, $5,239 61 

Disbursements. 

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

Commissions or brokerage, 

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

Taxes and fees, . 

All other disbursements, 

Total disbursements, 

Balance, $3,120 36 

Ledger Assets. 

Cash in banks and office, $2,995 32 

Agents 1 balances, 125 04 



$632 


11 


112 


73 


1,225 


00 


17 


08 


132 


33 


$2,119 25 



Total ledger assets, $3,120 36 

Assets not admitted. 
Agents' balances over three months due, .... 81 35 



Total admitted assets, $3,039 01 

Liabilities. 

Unpaid losses, $660 50 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1902, . . . $1,84^,905 00 $124,674 00 



Risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, .... 

Miscellaneous 
Losses incurred during the year, 



236,700 00 15,911 00 



$2,086,605 00 $140,585 00 
297,100 00 20,087 00 



:,789,505 00 $120,498 00 
$1,293 00 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



17 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 
GILBERT X. A. PEVEY, President. ALFRED L. BARBOUR, Secretary. 

Amount of permanent fund, $130,688 77 



Income. 

Net premiums, $120,815.94 ; extra premiums, $664, 
Interest on mortgage loans, $3,796.66; collaterals, 

stocks and bonds, $2,018.32 ; all other, $65.60, . 
Rents, including company's own occupancy, . 
From all other sources, 



$150; 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



$121,479 94 

6,030 58 

7,342 39 

100 00 

$134,952 91 
250,199 57 



Total, $385,152 48 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 
Real estate taxes, $1,726.34 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 

Profit and loss, . 

All other disbursements, 

Total disbursements, 

Balance, 



,702.10, 



Ledger Assets. 

Real estate, $61,052.52; mortgages,* $102,233, 

Mortgage assigned, 

Stocks and bonds (Schedule A), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,252.84 ; bonds, $708.33 ; on collateral loans, 

<§22.oo, ........... 

Rents due on company's property, 

Market value of stocks and bonds over book value, 

Gross assets, ' . 



$47,689 30 

45,974 26 

21,867 69 

10,976 33 

1,000 00 

3,133 22 

3,428 44 

1,400 00 

5 30 

5,632 22 

$141,106 76 

$244,045 72 



$163,285 52 

3,000 00 

47,100 00 

10,464 14 

20,196 06 

$244,045 72 



1,983 50 

645 83 

2,235 75 

$248,910 80 



* Value of land, 867,000; buildings, $139,700; insurance thereon, $124,700. 



18 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



Assets not admitted 
Agents' balances over three months due, 

Total admitted assets, .... 



$2,769 99 
$246,140 81 



Liabilities. 

Unpaid losses, $14,571 36 

Unearned premiums on outstanding risks, .... 194,485 49 

Dividends due policy holders, 11,012 46 

Salaries and other miscellaneous expenses, due or accrued, . 2,626 13 

Due for return premiums, 372 89 

Miscellaneous, 700 00 

All liabilities, except surplus, $223,768 33 

Surplus, 22,372 48 

Total liabilities, $246,140 81 



Risks and Premiums. 

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

Risks outstanding Dec. 31,1902, $23,090,824 00 $372,50109 $372,50109 

Risks written during 1903, . 7,695,809 00 128,956 41 128,956 41 

Total $30,786,633 00 $501,457 50 $501,457 50 

Risks expired and terminated, . 7,318,489 00 121,148 02 121,148 02 



In force at end of year, . . $23,468,144 00 $380,309 48 $380,309 48 
Amount reinsured, . . . 229,846 00 3,815 24 3,815 24 



Net amount in force, . . $23,238,298 00 $376,494 24 $376,494 24 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$59,013 00 



Schedule A. 

Slocks and Bonds owned by the Company. 



Cambridge city bonds, 

West End Street R R. bonds, 

North Packing Co bonds, 

Eastern R R. bonds, . 

Boston & Lowell R.R. bonds, 

Fitchburg R.R. bonds, 

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

15 shares National City Bank, Cambridge, 

1 share Framingham National Bank, 



Book Value. 

$5,000 00 

10,000 00 

5,000 00 

1,500 00 

5,000 00 

9,000 00 

10,000 00 

1,500 00 

100 00 



Market Value. 

$5,090 00 

10,206 25 

4,500 00 

1,567 50 

5,320 00 

9,635 00 

11,000 00 

1,875 00 

142 00 



$47,100 00 $49,335 75 



citizens' MUTUAL INSURANCE CO. 19 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.] 
. GEO. W. HINKLEY, President. HERMAN BIRD, Acting Secretary. 

Office, 8 Exchange Place. 

Amount of permanent fund, $174,441 91 

Income. 

Net premiums, f 90,035. 45; extra premiums, $488.60, . . $90,524 05 
Interest on mortgage loans, $12,041.46; collaterals, $60; 

stocks and bonds, $1,586.67 ; all other, $161.93, . . . 13,850 06 

Rents 2,263 50 

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

From all other sources, 942 19 



Total income, $108,079 80 

Ledger assets, Dec. 31, 1902, less commissions due, . . 326,657 38 



Total, $434,737 18 

Disbursements. 

Net amount paid for losses, $21,740 22 

Profits on terminated policies, 50,772 45 

Commissions or brokerage, 14,560 67 

Salaries, fees, etc., of officers and employees, .... 8,205 91 

Rents, 2,084 00 

Repairs and expenses on real estate, 2,087 22 

Real estate taxes, $1,506.17 ; other taxes and fees, $1,298.03, 2,804 20 

Loss on sale or maturity of ledger assets 2,212 49 

All other disbursements, 4,138 97 



Total disbursements, $108,606 13 



Balance, $326,131 05 

Ledger Assets. 



Real estate, $33,300 ; mortgages,* $209,240, . 

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

Stocks and bonds (schedule A), .- 

Cash in banks and office, 

Agents 1 balances, 



$242,540 00 

1,200 00 

66,740 00 

8,582 16 

7,068 89 



Total ledger assets $326,131 05 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,503.50; stocks and bonds, $946.99; col- 
lateral loans, $18.22 3,468 71 

Rents due on company's property, 218 50 

Market value of real estate over book value, .... 4,800 00 



Gross assets, $334,618 26 

* Value of land, $104,518; buildings, $291,525; insurance thereon, $241,550. 



20 



citizens' MUTUAL INSURANCE CO. 



Assets not admitted. 

Agents 1 balances over three months due, . $258 50 

Depreciation in book value of stocks and bonds, 1,741 50 

Total unadmitted assets, .... 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, .... 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, . 

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

Surplus 

Total liabilities, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1902, $28,838,435 00 $395,955 89 
Risks written during 1903, . 7,427,057 00 99,903 21 



Total, $36,265,492 00 $495,859 10 

Risks expired and terminated, . 8,038,848 00 111,126 51 



In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $28,226,644 00 $384,732 59 
586,583 00 7,044 87 



$2,000 00 
$332,618 26 



$199 00 

195,964 25 

7,281 88 

29 00 

$203,474 13 

129,144 13 

$332,618 26 



Conting't Prem's. 

$395,955 89 
99,903 21 

$495,859 10 
111,126 51 

$384,732 59 
7,044 87 



.$27,640,061 00 $377,687 72 $377,687 72 
Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 



$21,948 00 



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

24 " Mass. Gas Co., .... 

16 " N. Y., New Haven & Hartford R.R. 

25 " American Tel & Telegraph Co., 
15 " Chicago & Northwestern R R., 
N. Y., New Haven & Hartford R.R. bonds, 
West End Street R'y bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Pennsylvania Steel Equip, trust bonds, . 

Maiden Electric Co. bonds, 

American Bell Telephone Co. bonds, 

Burl , Cedar Rapids & Northern R.R. bonds, 

Illinois Steel Co. bonds, .... 

Kansas City, Ft. Scott & Memphis R.R. bonds, 



Book Value. 

$1,400 00 
2,983 75 

1,998 00 
3,032 00 
3,167 50 
2,538 
7,065 
2,140 
10,670 
4,812 
5,162 
8,845 
3,075 
5,010 
4,840 



75 

00 
00 
00 
50 
50 
00 
00 
00 
00 



Market Value. 

00 
00 
00 
00 
00 
00 



$1,440 
2,660 
1,920 
3,136 
3,175 
2,535 
6,600 00 
2,105 00 

10,290 00 
4,862 50 
5,000 00 
8,820 00 
3,030 00 
4,750 00 
4,675 00 



$66,740 00 $64,998 50 



COHASSET MUTUAL FIRE INSURANCE CO. 



21 



COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET. 

[Incorporated March 18, 1845. Commenced business March 16, 1846.] 
CALEB F. NICHOLS, President. PHILANDER BATES, Secretary. 

Income. 



Net premiums, 
Interest, 



Total income, 
Ledger assets, Dec. 31, 1902, 



Total, 



Disbursements 



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

Rents, 

Taxes and fees, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

3 shares Merchants' National Bank stock, 
Cash in banks and office, .... 
Agents' balances, 



Total ledger assets, .... 

Liabilities. 
Unearned premiums on outstanding risks, 



$611 21 
53 99 

$665 20 
1,167 99 

1 1,833 19 



$60 


00 


50 


62 


197 


00 


50 


00 


10 


76 


14 


25 


$382 63 



:,450 56 



Deficiency, 



$582 

820 

48 


00 
29 
27 


$1,450 56 
$2,595 70 


$1,145 


14 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31,1902, $345,350 00 
Risks written during 1903, . 72,775 00 



Total, 
Risks expired and terminated, 

In force at end of year, 



$418,125 00 
73,525 00 



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

$5,352 66 $11,702 41 
1,110 59 2,221 18 



16,463 25 
1,122 22 



$13,923 59 
3,242 03 



$344,600 00 $5,341 03 $10,681 56 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 15, 30 and 50 per cent. 



$60 00 



22 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 



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

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

Office, 31 Milk Street. 

Income. 

Net premiums, $383,512 72 

Interest on bonds, 10,203 72 



Total income, $393,716 44 

Ledger assets, Dec. 31, 1902, 268,448 97 



Total, $662,165 41 

Disbursements. 

Net amount paid for losses, $32,324 62 

Profits on terminated policies, 298,304 43 

Salaries, fees, etc., of officers and employees, .... 6,359 04 

Taxes and fees, 4,795 80 

Loss on sale or maturity of ledger assets, .... 145 00 

Inspections, . 9,938 82 

All other disbursements, 18,298 17 



Total disbursements, $370,165 88 



Balance, $291,999 53 

Ledger Assets. 

Bonds (schedule A), . $240,000 00 

Cash in banks and office, 41,888 76 

Premiums in course of collection, . . . . ' . 10,110 77 



Total ledger assets, $291,999 53 

Non-Ledger Assets. 

Interest due and accrued on bonds, 3,943 73 

Gross assets, $295,943 26 

Assets not admitted. 

Depreciation in book value of bonds, 1,560 00 

Total admitted assets, $294,383 26 

Liabilities. 

Unpaid losses, • . . $15,500 00 

Unearned premiums on outstanding risks, .... 186,685 41 

Taxes 741 09 



All liabilities, except surplus, $202,926 50 

Surplus, 91,456 76 

Total liabilities, $294,383 26 



DEDHAM MUTUAL FIRE INSURANCE CO. 



23 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1902, $39,604,970 00 
Risks written during 1903, . 48,685,281 00 



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

$349,408 98 $1,747,044 90 
404,122 58 2,020,612 90 



Total $88,290,251 00 

Risks expired and terminated, . 44,566,226 00 



$753,531 56 
380,160 73 



3,767,657 80 
1,900,803 65 



In force at end of year, 



.$43,724,025 00 $373,370 83 $1,866,854 15 



Miscellaneous. 



Losses incurred during the year, .... 
Profits or surplus returned during 1903, 85 per cent. 

Schedule A. 



Bonds owned by the Company. 



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



Book Value. 

$20,000 00 
38,000 00 
15,000 00 
15,000 00 

5,000 00 
20,000 00 
18,000 00 
26,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
25,000 00 

1,000 00 
12,000 00 



11,371 00 



Market Value. 

$16,000 00 
37,220 00 
14,700 00 
17,700 00 
3,425 00 
18,800 00 
19,125 00 
28 460 00 
10,500 00 
10,650 00 
10,000 00 
13,200 00 
25,500 00 
920 00 
12,240 00 



$240,000 00 $238,440 00 



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, $34,351.20 ; extra premiums, $183.72, . 
Interest on mortgage loans, $2,012.50; stocks and bonds, 

$4,998.25; all other, $65.31, 

Profit on adjustment of ledger assets to market value, . 
From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1902, 

Total, 



$89,765 


77 


$34,534 


92 


7,076 

196 

62 


06 
00 

77 


$41,869 
160,823 


75 

56 


$202,693 31 



24 



DEDHAM MUTUAL FIRE INSURANCE CO. 



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 adjustment of ledger assets to market 

Interest on securities foreclosed, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 

Mortgages* 

Stocks and bonds (^schedule A), 

Cash in banks and office, .... 

Agents 1 balances, 



value, 



$13,512 81 

14,701 92 

5.876 42 

4.877 10 
270 00 
432 88 

3,749 50 

63 58 

1,059 15 

$44,543 36 

$158,149 95 



837,900 00 

115,274 00 

1,256 66 

3,719 29 



Total ledger assets, $158,149 95 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $827.62; stocks and bonds, $1,412.16, . 



Gross assets, 

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



2,239 78 
$160,389 73 



155 71 



Total admitted assets, 



Liabilities. 



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

All liabilities, except surplus, . 
Surplus, 



$160,234 02 



$55,641 16 

2,740 44 

212 91 



Total liabilities, . 



Risks and Premiums. 



Risks outstanding Dec. 31, 1902, 
Risks written during 1903, 

Total 

Risks expired and terminated, . 2,003,866 00 

In force at end of year, . 



Amount. Cash Prem's. 

56,648,851 00 $102,462 40 
2,270,956 00 36,003 86 



,919,807 00 $138,466 26 
32,037 83 



5,594 51 
101,639 51 

$160,234 02 



Conting't Prem's. 

$102,462 40 
36,003 86 

$138,466 26 
32,037 83 



,915,941 00 $106,428 43 $106,428 43 



* Value of land, $33,000; buildings, §59,200; insurance thereon, $59,650. 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



25 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 25, 50 and 70 per cent. 



|13,528 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Boston city bonds, 

Salem city bonds, 

Lynn city bonds, 

Fitchburg R R. bonds, .... 
Boston & Lowell R.R. bonds, . 

Eastern R.R. bonds 

Boston & Maine R.R. bonds, 

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

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

Boston & Albany R.R. bonds, . 

Lombard Investment Co. bonds, 

Newport & Rich ford R.R. bonds, 

Philadelphia & Reading R.R. bonds, 

Union Pacific Railway bonds, . 

St. Johnsbury & Lake Cham plain R.R. bonds 

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

N. H. Trust Co. bonds 

Old Colony R.R. bonds 

12 shares Dedham National Bank, . 

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

50 <• Union Pacific R.R 



Book Value. 

$2,160 00 

3,150 

3,210 

5,200 
11,880 

1,060 
11,660 

2,160 
11,400 00 

6,000 00 
395 

8,560 

6,100 

3,500 

7,680 

5,500 
750 

5,000 

1,296 

3,520 
10,693 

4,400 



00 
00 
00 
00 
00 
00 
00 



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



Market Value. 

$2,160 00 

3,150 

3,210 

5,200 
11,880 

1,060 
11,660 

2,160 
11,400 

6,000 00 
395 00 

8,560 

6,100 

3,500 

7,680 

5,500 
750 

5,000 

1,296 

3,520 
10,693 00 

4,400 00 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



$115,274 00 $115,274 00 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

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

Office, Neponset. 
Amount of permanent fund, $200,000 00 

Income. 

Net premiums, $198,252.71; extra premiums, $1,051.56, . $199,304 27 
Interest on mortgage loans, $1,230; stocks and bonds, 

$14,631.43 15,861 43 

Rents, including company's own occupanc}', .... 1,448 41 

From all other sources, 18 45 

Total income $216,632 56 

Ledger assets, Dec. 31, 1902, less commissions due, . . 311,070 91 

Total, $527,703 47 



26 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $72,704 06 

Profits on terminated policies, . . . ... . . 60,356 48 

Commissions or brokerage, 33,921 71 

Salaries, fees, etc , of officers and employees, . . . 10,010 02 

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

Repairs and expenses on real estate, 696 1& 

Real estate taxes, $371.16 ; other taxes and fees, $3,223.30, . 3,594 46 

All other disbursements, 4,974 71 

Total disbursements $187,057 63 

Balance, $340,645 84 



Ledger Assets. 

Real estate, $28,500 ; mortgages,* $25,600, 
Stocks and bonds (schedule A), 

Cash in banks, 

Agents' balances, 



Total ledger assets, . 



$54,100 00 

236,223 30 

26,215 75 

24,106 89 

$340,645 94 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $377.20 ; bonds, $150, 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, 
All other, 



Gross assets, 



527 20 

230 80 

128,992 20 

2,000 00 

$472,396 14 



Liabilities. 

Unpaid losses, 

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

All liabilities, except surplus, . 
Surplus, 

Total liabilities, 



$5,449 34 

301,289 49 

4,250 00 

$310,988 83 
161,407 31 

$472,396 14 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $32,264,786 00 $520,658 08 $520,658 08 

Risks written during 1903, . 11,919,963 00 203,396 86 203,396 86 



Total,. . . -. .$44,184,749 00 $724,054 94 $724,054 94 
Risks expired and terminated,. 9,471,829 00 154,410 51 154,410 51 



In force at end of year, 



.$34,712,920 00 $569,644 43 $569,644 4a 



* Value of land, $7,700; buildings, $35,000; insurance thereon, $27,200. 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 27 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 



Union Lead Co. bonds, .... 

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

304 " Boston & Albany Railroad, 

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

300 " International Trust Co., . 

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



Book Value. 

$16,540 30 
17,559 19 

7,642 

1,402 

4,125 

1,400 

650 

600 

39,758 59 

37,430 02 

10,856 07 

7,378 57 
53,688 06 
33,692 50 

3,500 00 



50 
50 
00 
00 
00 
00 



$74,373 00 



Market Value. 

$10,200 00 

19,687 

9,380 

1,450 

4,234 

1,400 

780 

550 

74,480 

54,600 

12,600 

13,104 

127,500 

31,750 

3,500 



50 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$236,223 30 $365,215 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, $15,455.25 ; all other, $1,012.08, 






Total income, 
Ledger assets, Dec. 31, 1902, 



$458,926 00 
16,467 33 

$475,393 33 
416,868 32 



Total,. $892,261 65 

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, etc., 

All other disbursements, 

Total disbursements, 

Balance, 



$26,666 72 

365,633 26 

11,109 94 

906 00 

4,847 43 

7,103 04 

1,741 09 

$418,007 48 

$474,254 17 



28 FALL RIVEE MANUFACTURERS' MUTUAL INSURANCE CO. 



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, $6,091.66; other assets, $95.77, 
Market value of bonds over book value, . 



Gross assets, 



Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, .... 
Salaries and other miscellaneous expenses, due or accrued, . 

All liabilities, except surplus, 

Surplus, 



$424,730 14 

41,712 18 

7,811 85 

$474,254 17 



6,187 43 
4,844 86 

$485,286 46 



$3,315 00 

227,353 10 

1,333 91 

$232,002 01 
253,284 45 



Total liabilities, $485,286 46 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $48,986,574 00 $396,522 43 $1,982,612 15 

Risks written during 1903, . 58,917,118 00 478,491 94 2,392,459 70 



Total, .... $107,903,692 00 $875,014 37 $4,375,071 85 
Risks expired and terminated, . 52,347,068 00 420,308 17 2,101,540 85 

In force at end of year, . . $55,556,624 00 $454,706 20 $2,273,531 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 91.23 per cent. 



$28,634 00 



Schedule A. 

Bonds owned by the Company. 



Taunton city bonds, . 
Fall River city bonds, 
Boston city bonds, 
Newport (R I.) city bonds, 
Cleveland (O.) city bonds, 
Boston & Lowell R.R. bonds, 
Boston & Providence R.R. bonds, 
Concord & Montreal R.R. bonds, 
Chicago, Burl. & Quincy R.R. bonds 
Phila , Wilm. & Bait. R.R. bonds, 
Old Colony R.R. bonds, . 
Boston & Maine R.R. bonds, . 



Book Value. 

$15,900 00 

21,800 00 

42,200 00 

20,500 00 

26,250 00 

30,000 00 

20,175 00 

15,000 00 

15,000 00 

19,800 00 

30,900 00 

10,000 00 



Market Value. 

$15,975 00 
21,600 00 
41,400 00 
21,350 00 
26,750 00 
30,500 00 
20,900 00 
15,825 00 
15,825 00 
20,400 00 
32,700 00 
10,950 00 



FITCHBURG MUTUAL FIRE INSURANCE CO, 



29 



West End Street Railway bonds, 

Union Pacific R.R. bonds, . 

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

American Bell Telephone Co. bonds, 

Canada Southern R'y Co. bonds, 

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



Book Value. 

$72,956 25 
20,875 00 
23,700 00 
14,662 50 
5,113 89 
19,897 50 



Market Value. 

$73,050 00 
20,250 00 
22,600 00 
14,775 00 
5,125 00 
19,600 00 



$424,730 14 $429,575 00 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

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



Amount of permanent fund, 



Income. 



Net premiums, $106,105.27 ; extra premiums, $406.02, . 
Interest on mortgage loans, $1,647.69; collaterals, $350; 

stocks and bonds, $2,330; all other, $312.53, 
Rents, including company's own occupancy, .... 
From all other sources, 

Total income, 



Ledger assets, Dec. 31, 1902, less commissions due, 



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, $920.43 ; other taxes and fees, $1,989.85, 

Loss on sale or maturity of ledger assets, 

Interest on borrowed money, 

All other disbursements, 

Total disbursements, 



Balance, $194,441 40 



$106,226 


50 


$106,511 


29 


4,640 


22 


4,094 


55 


1,686 


03 


$116,932 09 


194,206 


92 


$311,139 


01 


$43,768 


42 


30,511 


26 


17,155 


99 


8,964 


55 


1,200 


00 


2,971 


42 


2,910 


28 


1,534 


75 


1,022 


50 


6,658 


44 


$116,697 61 



Ledger Assets. 



Real estate, $71,000; mortgages,* $30,475, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' balances, 



Total ledger assets, 



$101,475 00 

7,800 00 

68,720 00 

6,036 44 

10,409 96 

. $194,441 40 



* Value of land, $18,400; buildings, S37.-200; insurance thereon, $32,840. 



30 FITCHBURG MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,255.62; bonds, $607.48; collateral loans, 

$138.33, $2,001 43 

Rents due on company's property, 413 00 

Market value of stocks and bonds over book value, . . 9,698 00 



Gross assets, $206,553 83 

Liabilities. 

Unpaid losses, $3,910.71; less reinsurance, $122.69, . . $3,788 02 

Unearned premiums on outstanding risks, .... 137,532 62 

Interest due or accrued, 233 85 

Dividends due policy holders, 1,708 33 

Salaries and other miscellaneous expenses, due or accrued, . 2,152 90 

Borrowed money, 22,950 00 



All liabilities, except surplus, $168,365 72 

Surplus, 38,188 11 



Total liabilities, $206,553 83 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $19,000,192 00 $263,317 70 $263,317 70 

Risks written during 1903, . 7,780,315 00 115,580 60 115,580 60 



Total $26,780,507 00 $378,898 30 $378,898 30 

Risks expired and terminated, . 7,175,072 00 104,565 12 104,565 12 



In force at end of year, . .$19,605,435 00 $274,333 18 $274,333 18 
Amount reinsured, . . . 597,313 00 9,532 78 9,532 78 



Net amount in force, . . $19,008,122 00 $264,800 40 $264,800 40 

Miscellaneous. 

Losses incurred during the year, $40,581 00 

Profits or surplus returned during 1903, 20, 40 and 50 per cent. 

Schedule A. 
Securities held as Collateral. 

Market Value. Loaned Thereon. 

80 shares Simonds Mfg. Co., .... $12,000 00 $6,200 00 
2 Fitchburg Savings Bank books, . . . 1,659 00 1,600 00 



$13,659 00 $7,800 00 
Schedule B. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

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

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

City of Fitchburg note, 15,000 00 15,000 00 



GROVEL AND MUTUAL FIRE INSURANCE CO. 



31 



Fitchburg R R. note, 
City of Maiden note, 
10 shares Fitchburg National Bank, 



20 
70 
15 
50 
43 
10 



Rollstone National Bank, 

Fitchburg Railroad, . 

Springfield Safe Dep. & Trust Co., 

Pullman Car Co., 

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

Boston & Maine R.R., 



Book Value. 


Market Value. 


$5,000 00 


$5,000 00 


5,000 00 


5,000 00 


1,000 00 


1,500 00 


2,000 00 


2,800 00 


7,930 00 


9,520 00 


1,500 00 


2,700 00 


7,875 00 


10,950 00 


5,965 00 


8,428 00 


2,000 CO 


1,720 00 


$68,720 00 


$78,418 00 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, 

GREENFIELD. 

[Incorporated Feb. 11, 1828. Commenced business Sept. 29, 1829.] 
JOHN H. MADDEN, President. JOHN D. BOWKER, Secretary. 

Boston Office, 44 Kilby Street. 

[Information concerning this company may be found by consulting the Index. Its state- 
ment was undergoing examination when this point was reached in printing this report.] 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

{Incorporated March 28, 1828. Commenced business March 28, 1828.] 
HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on 
^deposit notes to pay losses and expenses.] 



Income. 



Policy fees, 
Assessments, 
Borrowed monev, 



Total income, 

Ledger assets, Dec. 31, 1902, . 

Total, 

Disbursements 

Net amount paid for losses, 

Commissions or brokerage, 

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

Rents, including company's own occupancy, 

Taxes and fees, 

Borrowed money repaid, .... 
All other disbursements, .... 



Total disbursements, 

Balance, 



$243 00 
7,046 45 
1,400 00 

$8,689 45 
613 92 

$9,303 37 



$3,084 69 

364 56 

775 00 

40 00 

70 23 

3,350 00 

266 81 

$7,951 29 

$1,352 08 



32 HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 
Cash in banks and office, $1,352 08 

Liabilities. 

Unpaid losses, $1,905 00 

Salaries and other miscellaneous expenses, due or accrued, . 351 00 



Total liabilities, $2,256 00 

Risks and Premiums. 



Risks outstanding Dec. 31, 1902, 
Risks written during 1903, 

Total, .... 

Risks expired and terminated, . 

In force at end of year, 



Miscellaneous 



Amount. Conting't Prem's. 

$1,732,512 00 $134,180 16 
345,488 00 28,812 00 



>,078,000 00 $162,992 16 
343,912 00 25,410 30 



Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, . 7,046 00 



$1,734,088 00 $137,581 86 



$4,990 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, $18,141.33; extra premiums, $43.70, . . $18,185 03 
Interest on mortgage loans, $1,026.52; stocks and bonds, 

$1,135; all other, $174.66, 2,336 18 

Total income, $20,521 21 

Ledger assets, Dec. 31, 1902, 46,122 57 

Total, $66,643 78 

Disbursements. 

Net amount paid for losses, $7,774 9& 

Profits on terminated policies, 7,563 96 

Commissions or brokerage, .' 2,420 45 

Salaries, fees, etc., of officers and employees, .... 1,763 00 

Rents, 150 00 

Taxes and fees, . 182 19 

Loss on sale or maturity of ledger assets, .... 33 43 

All other disbursements, 331 00 

Total disbursements, $20,219 02 

Balance $46,424 76 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



33 



Ledger Assets. 



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



Total ledger assets, 



$24,800 00 

17,697 60 

3,739 31 

187 85 



,424 76 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $509.13; stocks and bonds, $425.42; other 

assets, $29.42, 963 97 

Market value of stocks and bonds over book value, . . 10,994 65 

Gross assets, $58,383 38 



Liabilities. 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except surplus, 

Surplus, 



Total liabilities, 



$30,163 41 

158 26 

32 52 

$30,354 19 

28,029 19 

$58,383 38 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1902, $3,619,386 00 
Risks written during 1903, . 1,166,416 00 



Total, $4,785,802 00 

Risks expired and terminated, . 1,156,476 00 



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

$56,003 32 $56,003 32 
18,547 14 18,547 14 



$74,550 46 
18,513 97 



In force at end of year, 



$74,550 46 
18,513 97 



. $3,629,326 00 $56,036 49 $56,036 49 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 50 per cent. 



$7,775 00 



Schedule A. 
Slocks and Bonds owned by the Company. 



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



Book Value. 

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



Market Value. 

$17,136 00 

2,000 00 
5,640 00 
1,058 75 
2,857 50 



$17,697 60 $28,692 25 



* Value of laud, $16,100; buildings, $38,500; insurance thereon, $30,200. 



34 HINGHAM MUTUAL FIRE INSURANCE CO. 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

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

Amount of permanent fund, 1193,042 98 

Income. 

Net premiums, $87,805.16; extra premiums, $1,396.87, . $89,202 03 
Interest on mortgage loans, $4,911.30 ; collaterals, $2,460.78 ; 

stocks and bonds, $5,214.36 ; all other, $440.11, . . . 13,026 55 

Rents, including company's own occupancy, .... 2,082 50 



Total income, $104,311 08 

Ledger assets, Dec. 31, 1902, 329,212 70 



Total, $433,523 78 

Disbursements. 

Net amount paid for losses, $31,740 09 

Profits on terminated policies, 50,557 66 

Commissions or brokerage, 13,468 41 

Salaries, fees, etc., of officers and employees, .... 6,628 34 

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

Repairs and expenses on real estate, 408 52 

Real estate taxes, $984.41 ; other taxes and fees, $953.23, . 1,937 64 

Loss on sale or maturity of ledger assets, .... 4,637 13 

All other disbursements, 3,194 50 



Total disbursements, $113,272 29 



Balance, $320,251 49 

Ledger Assets. 

Real estate, $27,449.71 ; mortgages,* $102,275, . $129,724 71 

Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), . . t . 
Cash in banks and office, ..... 
Agents' balances, 



55,000 00 

124,740 61 

8,891 07 

1,895 10 



Total ledger assets, ' . . $320,251 49 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,498.31; bonds, $1,037; collateral loans, 

$851.26; other assets, $32, 

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, 

* Value of land, $54,600; buildings, $105,400; insurance thereon, $114,950. 



3,418 57 

114 00 

91 29 

29,194 89 


$353,070 24 



HINGHAM MUTUAL FIRE INSURANCE CO. 



35 



Liabilities. 



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

All liabilities, except surplus, . 
Surplus, 



Total liabilities, . 



$700 00 

211,453 37 

1,774 81 

$213,928 18 

139,142 06 

$353,070 24 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $26,783,676 00 $39&,451 21 $398,451 21 

Risks written during 1903, . 6,099,788 00 94,540 87 94,540 87 



Total $32,883,464 00 $492,992 08 $492,992 08 

Risks expired and terminated, . 6,297,147 00 92,810 57 92,810 57 



In force at end of year, . . $26,586,317 00 $400,181 51 $400,181 51 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$31,669 00 



Schedule A. 

Securities held as Collateral. 



Market Value. Loaned Thereon. 



International Paper Co. bonds, 
International Paper Co. stock, .... 
Savannah Electric Co. bonds, .... 
General Electric Co. bonds, .... 
Chicago, Burlington & Quincy R.R. Co. bonds, 



Schedule B. 



$10,600 00 

19,500 00 

3,800 00 

8,500 00 

32,637 50 



$20',000 00 

10,000 00 
25,000 00 



$75,037 50 $55,000 00 



Stocks and Bonds owned by the Company. 



30 shares Hingham Nat'l Bank, Hingham, 
60 " Old Colony Nat'l Bank, Plymouth, 
8 " Abington Nat'l Bank, Abington, 
12 " Union National Bank, Boston, 
11 " Commerce Nat'l Bank, Boston, 
30 M Webster Nat'l Bank, Boston, 
50 " Hingham Water Company, 
50 " United Shoe Machinery Co., 
40 " Boston Elevated R.R., 

200 " Helena Water Works Co, 
92 " Old Colony R.R., . 

109 " Boston & Albany R.R., 
25 " Union Pacific R.R., . 

Eastern R.R. bonds, . 

Union Pacific R.R. bonds, 



Book Value. 

$3,000 00 
6,000 00 
800 00 
1,200 00 
1,100 00 
3,000 00 
5,000 00 
1,525 00 
5,900 00 
200 00 
9,200 00 

10,900 00 
2,500 00 
5,000 00 
5,000 00 



Market Value. 

$3,150 00 

6,720 00 
800 

2,040 

1,606 

3,420 

6,250 

1,450 

5,600 

200 

18,492 00 

26,705 00 

2,225 00 

5,300 00 

5,050 00 



00 
00 
00 
00 
00 
00 
00 
00 



36 



IIOLYOKE MUTUAL FIRE INSURANCE CO. 



Hingham Water Co. bonds, 

No. Pacific & Gt. Northern R.R. bonds, 

Illinois Central R.R. bonds, 

American Telephone & Tel. Co. bonds, 

Helena Water Works Co. bonds, 



Book Value. 

$10,000 00 

7,000 00 

20,000 00 

11,692 50 

15,723 11 



Market Value. 

$ 10,500 00 

6,422 50 

20,600 00 

11,280 00 

16,125 00 



$124,740 61 $153,935 50 



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. 31, 1902, . 

Increase during the year, 

Permanent fund Dec. 31, 1903, 

Income. 

Net premiums, 

Interest on mortgage loans, $1,904.97; stocks and bonds, 

$33,137.50; all other, $579.36 

Rents, including company's own occupancy, .... 
Profit on sale or maturity of ledger assets, .... 
From all other sources, 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



$512,372 74 
12,627 26 

$525,000 00 



$148,526 72 

35,621 83 

10,592 48 

2,760 00 

525 07 

$198,026 10 
823,309 92 



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, $1,678.52 ; other taxes and 

Loss on sale or maturity of ledger assets, 

Net premium paid on securities purchased, 

Dividends to guaranty capital, . 

All other disbursements, .... 

Total disbursements, .... 



Balance, 



Ledger Assets 



Real estate, $49,420 ; mortgages,* $54,000, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents' balances, . . . - . 




Total ledger assets, 



1,021,336 


02 


$43,700 


87 


68,660 


30 


22,417 


86 


17,855 


48 


1,500 


00 


5,057 


04 


2,940 


68 


4,000 00 


3,606 


25 


7,000 


00 


6,481 


93 


$183,220 41 


$838,115 


61 


$103,420 00 


711,680 


00 


10,048 


88 


12,966 


73 


$838,115 61 



* Value of land, $37,500; buildings, $5S,600; insurance thereon, $53,000. 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



37 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $871.51 ; bonds, $8,978.15, . 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 

Gross assets, 



$9,819 66 
730 00 
200 00 

75,077 75 

$923,973 02 



Liabilities. 

Unpaid losses, including $200 resisted, . 
Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Due for returned premiums, 

All liabilities, except guaranty capital and surplus, 

Guaranty capital, 

Surplus over guaranty capital and general liabilities, 



$1,867 65 

281,867 01 

8,000 10 

822 14 

$292,556 90 

100,000 00 

531,416 12 



Total liabilities, $923,973 02 



Risks and Premiums. 

Amount.* Cash Prem's. 

Risks outstanding Dec. 31, 1902, $38,497,366 00 $557,258 82 
Risks written during 1903, . 10,910,091 00 160,658 81 



Total $49,407,457 00 $717,917 63 

Risks expired and terminated, . 10,604,816 00 157,694 64 



In force at end of year, . . $38,802,641 00 $560,222 99 
Amount reinsured, . . . 635,612 00 10,050 15 



Conting't Prem's. 

$557,258 82 
160,658 81 

$717,917 63 
157,694 64 

$560,222 99 
10,050 15 



Net amount in force, . 



,167,029 00 $550,172 84 $550,172 84 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$35,174 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



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



Book Value. 

$6,000 00 

14,000 00 

10,000 00 

12,000 00 

10,000 00 

10,000 00 

10,000 00 

15,000 00 

5,000 00 

5,000 00 

8,000 00 

3,500 00 



Market Value. 

$6,250 00 
13,930 00 
10,000 00 
11,486 25 

9,900 00 
10,700 00 
10,700 
16,725 

5,250 

5,300 

8,800 00 

3,390 00 



00 
00 
00 
00 



38 



HOLYOKE MUTUAL F1KE INSURANCE CO. 



Central New Jersey R.R. bonds, 
Central Vermont R.R. bonds, . 
Erie & Pittsburg R.R. bonds, . 
Cleveland Electric R'y bonds, . 
Delaware & Hudson Canal Co. bonds, 
Fitchburg R.R. bonds, 
Hocking Valley R'y bonds, 
Housatonic R.R. bonds, 

Erie R.R. bonds, 

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

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

Lehigh Valley R.R. bonds, 

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

Mass. Electric Co. bonds, .... 

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

Northern Pacific & Gt. Northern R.R. bonds, 

Norwich & Worcester R.R. bonds, 

New England R.R. bonds, 

Narragansett Pier R.R. bonds, . 

New Haven & Derby R.R. bonds, 

Northwestern Union R.R. bonds, 

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

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

Old Colony R.R. bonds, . 

New York & New England R.R. bonds, 

Princeton & North Western R.R. bonds, 

Seattle Electric Co. bonds, 

Terre Haute & Southeastern R.R. bonds, 

Union Pacific R.R. bonds, . 

Pennsylvania Co. bonds, . 

Third Avenue R.R. Co., N. Y., bond 

West End Street R'y, Boston, bonds 

Schenectady R'y bonds, . 

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

Allen County (Ind.) bonds, 

Wayne County (Mich.) bonds, . 

Marion County (Ind ) bonds, . 

Boston (Mass.) city bonds, 

Cincinnati (Ohio) city bonds, . 

Columbus (Ohio) city bonds, . 

Cleveland (Ohio) city bonds, . 

Cambridge (Mass.) city bonds, 

Evansville (Ind.) city bonds, . 

Dover (N. H.) city bonds, 

Jersey City (N. J.) city bonds, 

Lynn (Mass.) city bonds, . 

Lawrence (Mass.) city bonds, . 

Maiden (Mass ) city bonds, 

Orange (N. J.) city bonds, 

Pawtucket (R. I.) city bonds, . 

Province of Quebec bonds, 

St. Paul (Minn.) city bonds, 

Salem (Mass.) city bonds, 

Woonsocket (R. I ) city bonds, 

Hudson River Power Trans. Co. bonds, 

American Tel. & Telegraph Co. bonds, 

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

Salem Electric Lighting Co. bonds, . 

American Mail Steamship Co bonds, 

American Cotton Oil Co. bonds, 



Book Value. 

$7,000 00 

2,000 00 

5,000 00 

2,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

5,000 00 

13,000 00 

15,000 00 

4,000 00 

5,000 00 

13,000 00 

5,000 00 

5,000 00 

25,000 00 

10,000 00 

20,000 00 

8,000 00 

20,000 00 

12,000 00 

15,000 00 

3,000 00 

4,000 00 

2,000 00 

5,000 00 

27,500 00 

3,000 00 

2,000 00 

3,000 00 

5,000 00 

6,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 

8,000 00 

5,000 00 

6,000 00 

5,000 00 

5,000 00 

8,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

3,000 00 

25,000 00 

5,000 00 

5,000 00 

2,000 00 

5,000 00 

10,000 00 

2,000 00 

2,500 00 

10,000 00 



00 
00 
00 
25 



Market Value. 

$9,143 75 

1,640 

4,950 

2,040 

6,831 

10,350 00 

4,950 00 

12,400 00 

4,500 00 

5,375 00 

15,210 00 

16,512 50 

4,240 00 

4,950 00 

12,632 50 

4,525 00 

5,312 50 

32,500 00 

10,000 00 

22,400 00 

10,600 00 

20,250 00 

13,200 00 

15,993 75 

3,067 50 

3,800 00 

2,020 00 

5,150 00 

27,865 

2,820 

1,920 

3,075 

5,200 

6,600 

9,900 

10,000 00 

5,125 00 

5,075 00 

5,025 00 

10,600 00 

8,160 00 

5,350 00 

6,090 00 

5,000 00 

5,475 00 

8,400 00 

5,325 

10,075 

11,200 

10,400 00 

3,060 00 

27,206 25 

5,037 

5,175 

1,900 

4,687 

10,000 

2,000 00 

2,500 00 

9,600 00 



62 
00 
00 

oo 

00 
00 
00 



00 
00 
00 



50 
00 
00 
50 
00 



INDUSTRIAL MUTUAL INSURANCE CO. 



39 



Clinton Water Works bonds (Clinton, la), 
Keokuk Water Works bonds, . 
Western Union Telegraph Co. bonds, 
Woonsocket Elec. Machine & Pow. Co. bonds 
50 shares Boston & Maine R.R., 



31 

155 

100 

162 

25 

30 

10 

31 

100 

10 

10 

35 

41 

93 

50 

10 

100 

10 

40 

10 

20 

15 



Old Colony R.R. 
N. Y., N. H. & Hartford R.R., 
Pitts., Ft. Wayne & Chic. R.R., 
Union Pacific R.R., . 
West End St. R'y Co., . 
Atlantic National Bank, Boston, 
Bl'ks'e N'l B'k, Bos. (in liquidat'n), 
Freeman's National Bank, Boston, . 
Merchants' National Bank, Boston, 
First N'l B'k, Salem (in liquidat'n), 
Merchants' National Bank, Salem, 
Mercantile National Bank, Salem, 
Naumkeag National Bank, Salem, 
Salem National Bank, Salem, 
Republic National Bank, Boston, 
National Shawmut Bank, Boston, 
Second National Bank, Boston, 
Beverly National Bank, . 
N'l Exc. B'k, Salem (in liquidat'n) 
Colorado Mining Exch. Building, 
H. B. Claflin Co., N. Y., . 
Edison Elec. Ilium. Co., . 



Book Value. 
$5,000 00 

10,000 00 
5,000 00 
3,000 00 
5,000 00 
3,100 00 
5,500 00 

10,000 00 

16,200 00 

1,250 00 

3,000 00 

230 00 

3,100 00 

10,000 00 
500 00 
500 00 
3,500 00 
4,100 00 
9,300 00 
5,000 00 
1,000 00 

10,000 00 
1,000 00 
1,400 00 

10,000 00 
2,000 00 
1,500 00 



Market Value. 

$4,750 00 

9,800 00 

5,300 

2,767 

8,300 

6,169 
10,725 
17,900 
14,256 

1,112 

3,900 
230 

3,177 

18,125 

500 

652 

3,451 

5,391 

7,440 

7,600 

2,600 
19,050 00 

1,450 00 

1,400 

8,500 

1,900 

3,487 



00 
50 
00 
00 
00 
00 
00 
50 
00 
00 
50 
00 
00 
50 
88 
50 
00 
00 
00 



00 
00 
00 
50 



$711,680 00 $786,757 75 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 17, 1890. Commenced business June 1, 1890.] 
O. H. SAMPSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $252,972 17 

Interest on bonds, 6,263 65 

Total income, $259,235 82 

Ledger assets, Dec. 31, 1902, 167,532 72 

Total, $426,768 54 

Disbursements. 

Net amount paid for losses, $23,732 81 

Profits on terminated policies, 194,440 05 

Salaries, fees, etc., of officers and employees, .... 5,220 77 

Taxes 2,882 39 

Inspections, 2,532 71 

Bond premium, 177 50 

All other disbursements, 19,079 23 

Total disbursements, $248,065 46 

Balance, $178,703 08 



40 



INDUSTRIAL MUTUAL INSURANCE CO. 



Ledger Assets. 

Bonds (schedule A), $146,000 00 

Cash in banks and office, 25,673 08 

Premiums in course of collection, 7,030 00 



Total ledger assets, $178,703 08 

2,444 99 



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



Gross assets, 



Assets not admitted. 
Depreciation in book value of bonds, 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes, 



All liabilities, except surplus, 
Surplus, 



Total liabilities, . 



$181,148 07 

8,821 25 
$172,326 82 



$11,500 00 

135,066 97 

474 47 

$147,041 44 

25,285 38 

$172,326 82 



Risks and Premiums. 



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

Risks outstanding Dec. 31, 1902,125,743,272 00 $228,286 37 $1,141,431 85 
Risks written during 1903, . 33,170,253 00 267,237 23 1,336,186 15 



Total, $58,913,525 00 $495,523 60 $2,477,618 00 

Risks expired and terminated, . 29,516,608 00 225,389 65 1,126,948 25 



In force at end of year, 



.$29,396,917 00 $270,133 95 $1,350,669 75 



Miscellaneous. 



Losses incurred during the year, .... 
Profits or surplus returned during 1903, 85 per cent. 

Schedule A. 
Bonds owned by the Company. 



$23,762 00 



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



Book Value. 

$5,000 00 
10,000 00 
10,000 00 
35,000 00 
17,000 00 
20,000 00 
10,000 00 
15,000 00 



Market Value. 

$5,000 00 
8,800 00 
8,000 00 
35,150 00 
15,980 00 
13,700 00 
10,200 00 
15,543 75 



LOWELL MUTUAL FIRE INSURANCE CO. 



41 



Lynn & Boston R.R. bonds, 
Maine Central R.R. bonds, 
Western Union Telegraph Co. bonds, 
Northern Pacific R.R. bonds, . 



Book Value. 

$5,000 00 
5,000 00 

13,000 00 
1,000 00 



Market Value. 

$5,325 00 

5,300 00 

13,260 00 

920 00 



$146,000 00 $137,178 75 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

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

Amount of permanent fund, $100,482 24 

Income. 

Net premiums, $56,764 47 

Interest on mortgage loans, $780.50; stocks and bonds, 

$6,111.80; all other, $63.46, T 6,955 76 

From all other sources, 1,709 42 

Total income, $65,429 65 

Ledger assets, Dec. 31, 1902, 171,661 69 

Total, $237,091 34 

Disbursements. 

Net amount paid for losses, $17,526 17 

Profits on terminated policies, 19,108 97 

Commissions or brokerage, 8,850 50 

Salaries, fees, etc., of officers and employees, .... 6,984 76 

Rents, 650 00 

Taxes and fees, 636 45 

All other disbursements, 3,661 87 

Total disbursements, $57,418 72 

Balance, $179,672 62 

Ledger Assets. 

Mortgages,* $15,950 00 

Stocks and bonds (schedule A), 124,900 00 

Cash in banks and office, 32,683 82 

Agents' balances, 6,138 80 

Total ledger assets, $179,672 62 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $205.37; bonds, $2,122.25, .... 2,32762 

Market value of stocks and bonds over book value, . . 19,085 00 

Gross assets, $201,085 24 

* Value of land, $19,400; buildings, $19,900; insurance thereon, $16,500. 



42 



LOWELL MUTUAL FIRE INSURANCE CO. 



Liabilities. 



Unpaid losses, 

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

All liabilities, except surplus, . 
Surplus, 



$76 45 

80,903 24 

1,922 57 

$82,902 26 

118,182 98 



Total liabilities, $201,085 24 



Risks and Premiums. 



Amount. 

Risks outstanding Dec. 31, 1902, $9,396,486 00 
Risks written during 1903, . 3,632,947 00 



Cash Prem's. 

$149,187 65 
58,756 75 



Conting't Prem's. 

$149,187 65 
58,756 75 



Total, $13,029,433 00 $207,944 40 $207,944 40 

Risks expired and terminated, . 3,179,679 00 51,687 04 51,687 04 



In force at end of year, 
Amount reinsured, . 

Net amount in force, 



$9,849,754 00 $156,257 36 $156,257 36 
86,762 00 1,155 38 1,155 38 



>,762,992 00 $155,101 98 $155,101 98 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 



$14,675 00 



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

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

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

50 " Massachusetts Cotton Mills, 

36 " Appleton Co., . 
132 " Merrimack Manufacturing Co., 

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

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

30 " Boston & Maine R.R., . 

20 " Boston & Lowell R.R., . 

16 " Union National Bank, Lowell, 



Book Value. 

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

19,000 00 

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

13,200 00 
2,500 00 
3,000 
600 
3,000 
2,000 
1,600 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



Market Value. 

$3,165 00 

4,240 00 

1,075 00 

19,650 00 

10,310 00 

840 

2,170 

6,150 

8,560 

3,165 

2,110 

1,860 

1,488 

4,000 00 

1,792 00 

1,496 

4,000 

4,392 
11,616 

2,550 

1,650 
978 

5,040 

4,700 

2,848 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



LUMBER MUTUAL FIRE INSURANCE CO. 



43 



65 shares Lowell & Andover R.R., . 
70 " Bigelow Carpet Co., , 
50 " American Woolen Co., 
37 " Lowell Gas Light Co., 



Book Value. 

$6,500 00 
7,000 00 
5,000 00 
3,700 00 



Market Value. 

$14,690 00 
7,070 00 
3,500 00 
8,880 00 



$124,900 00 $143,985 00 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.] 
WM. C. JOHNSON, President. EDWARD J. JOHNSON, Secretary. 

Office, 53 State Street. 

Income. 

Net premiums, f 117,294 50 

Interest on mortgage loans, $108 ; personal, $822.26 ; bonds, 

$256.67; all other, $2,791.17, 3,978 10 

From all other sources, 420 18 

Total income, $121,692 78 

Ledger assets, Dec. 31, 1902, 102,943 49 

Total,. . $224,636 27 

Disbursements. 

Net amount paid for losses, $40,796 45 

Profits on terminated policies, 25,048 41 

Salaries, fees, etc., of officers and employees, . . . . 10,471 49 

Rents 736 00 

Taxes and fees, 1,443 40 

Loss on sale or maturity of ledger assets, .... 228 75 

All other disbursements, 6,876 68 

Total disbursements, $85,601 18 

Balance, $139,035 09 

Ledger Assets. 

Mortgages,* $1,600 00 

Bonds, 12,500 00 

Cash in banks and office, 96,612 69 

Premiums in course of collection, 8,322 40 

Loans on personal security, 20,000 00 

Total ledger assets, $139,035 09 

Assets not admitted. 

Premiums in course more than three months due, ... 88 18 

Total admitted assets, $138,946 91 

* Value of land, $1,000; buildings, $3,400; insurance thereon, $2,200. 



44 



LYNN MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, $1,000 00 

Unearned premiums on outstanding risks, .... 57,291 26 

Inspections, 123 85 

All liabilities, except surplus, $58,415 11 

Surplus, 80,531 80 

Total liabilities, •. $138,946 91 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $3,255,235 00 $82,576 98 $247,730 94 

Risks written during 1903, . 4,805,576 00 130,305 45 390,916 35 

Total, $8,060,811 00 $212,882 43 $638,647 29 

Risks expired and terminated, . 3,789,517 00 98,299 91 294,899 73 

In force at end of year, . . $4,271,294 00 $114,582 52 $343,747 5Q 

Miscellaneous. 

Losses incurred during the year, . . . . . . $39,996 00 

Profits or surplus returned during 1903, 30 per cent. 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

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



Amount of permanent fund, 



$56,910 38 



Income. 

Net premiums, $5,564.60; extra premiums, $4.38, 

Interest on mortgage loans, $1,386.47; stocks and bonds, 

$1,362; allother, $10.97, 

Rents, 



Total income, 
Ledger assets, Dec. 31, 1902, 



$5,568 98 

2,759 44 
213 48 

$8,541 90 
57,698 34 



Total, 



,240 24 



Disbursements. 

Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 
Real estate taxes, $81.48; other taxes and fees, $61.87, 



$367 86 

4,231 39 

2,322 00 

432 00 

102 82 

143 35 



LYNN MUTUAL FIRE INSURANCE CO. 



45 



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

Total disbursements, .... 

Balance, 



$42 46 
230 44 



',872 32 



,367 92 



Ledger Assets. 

Real estate, $5,462.95; mortgages,* $26,850, . 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Miscellaneous, 



Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $479.49 ; bonds, f 173.48, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 

Gross assets, 



|32,312 


95 


23,906 


73 


1,685 


60 


371 


39 


91 


25 


$58,367 92 


652 


97 


287 


05 


4,999 


77 


$64,307 


71 



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



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. 



371 39 



$63,936 32 



$179 00 

14,495 90 

466 70 

$15,141 60 
48,794 72 

$63,936 32 



Amount. 

Risks outstanding Dec. 31, 1902, $2,188,130 00 
Risks written during 1903, . • 440,714 00 



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

$29,590 89 $59,181 78 



Total $2,628,844 00 

Risks expired and terminated, . 449,288 00 



6,024 96 

$35,615 85 
6,309 69 



In force at end of year, 



. $2,179,556 00 $29,306 16 



Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1903, 30, 60 and 80 per cent. 



12,049 92 

$71,231 70 

12,619 38 

$58,612 32 

$547 00 



* Value of land, (19,750; buildings, $42,250; insurance thereon, $36,000. 



46 merchants' and farmers' mutual FIRE INSURANCE CO. 



Schedule A. 



Stocks and Bonds owned by the Company. 



Chicago, Milwaukee & St. Paul R.R. bond, 
Southern Pacific of California R.R. bond, 
Atlantic & Pacific R.R. bond, . 
Mexican Central R.R. bond, 
Chicago & Great Western R.R. bonds, . 
Ohio & West Virginia R.R. bond, 
Ogdensburg & Lake Champlain R.R. bonds, 
Equitable Securities Co. bonds, 
United Electric Securities bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
40 shares First National Bank, Lynn, 
20 " National City Bank, Lynn, 
5 " Central National Bank, Lynn, . 
10 " Merchants' National Bank, Boston, 
15 " West Newton First National Bank, 
45 " Atchison, Topeka & Santa Fe R.R., 



Book Value. 

$1,025 00 
515 00 

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

800 00 
1,032 50 
2,366 36 
4,000 00 
2,000 00 

500 00 
1,392 50 
1,500 00 
2,931 87 



Market Value. 

$1,120 00 

510 00 
99 00 

700 00 
2,100 00 
1,100 00 
2,020 00 

680 00 
1,032 
2,920 
5,200 
3,000 

750 
1,900 
1,725 



50 
00 
00 
00 
00 
00 
00 



4,050 00 



$23,906 73 $28,906 50 



MERCHANTS 1 AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

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

Amount of permanent fund, $121,574 43 

Income. 

Net premiums, $106,082.06 ; extra premiums, $479.50, . . $106,561 56 
Interest on mortgage loans, $1,022.44; collaterals, $395.84; 

stocks and bonds, $5,059.25; all other, $758.56, . . 7,236 09 

Rents, 4,493 00 

From all other sources, 600 00 

Total income, $118,890 65 

Ledger assets, Dec. 31, 1902, 239,286 75 

Total $358,177 40 

Disbursements. 

Net amount paid for losses, $30,835 91 

Profits on terminated policies, 38,450 98 

Commissions or brokerage, 16,015 13 

Salaries, fees, etc., of officers and employees, .... 6,778 40 

Rents, 600 00 

Repairs and expenses on real estate, 135 38 

Real estate taxes, $790.24; other taxes and fees, $1,621.25, . 2,411 49 

Loss on sale or maturity of ledger assets, . . . . 521 53 

All other disbursements, 5,184 52 

Total disbursements, $100,933 34 

Balance, $257,244 06 



merchants' and farmers' mutual FIRE INSURANCE CO. 47 



Ledger Assets. 

Real estate, $57,482.35 ; mortgages,* $35,067, 

Corporation note, 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, . 



Total ledger assets, . 



$92,549 35 

750 00 

136,495 83 

20,454 13 

6,994 75 

$257,244 06 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $671.95; bonds, $2,233.97; collateral loans, 

$14.79; other assets, $47.86, ...... $2,96857 

Market value of real estate over book value, .... 2,517 65 

Market value of stocks and bonds over book value, . . 7,031 17 



Gross assets, $269,761 45 



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

Total admitted assets, .... 



500 01 



. $269,261 44 



Liabilities. 

Unpaid losses, $396 47 

Unearned premiums on outstanding risks, .... 162,596 60 

Dividends due policy holders, 2,598 65 

Commissions and other charges due agents and brokers, . 1,465 93 

Due for return premiums, 356 77 

All liabilities, except surplus, $167,414 42 

Surplus, 101,847 02 

Total liabilities $269,261 44 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $20,416,495 00 $304,618 51 $304,618 51 

Risks written during 1903, . 7,144,393 00 110,807 68 110,807 68 



Total $27,560,888 00 $415,426 19 $415,426 19 

Risks expired and terminated, . 6,688,485 00 103,439 60 103,439 60 



In force at end of year, 



.$20,872,403 00 $311,986 59 $311,986 59 



Miscellaneous. 

Losses incurred during the year, $30,497 00 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



* Value of land, $15,500; buildings, $55,500; insurance thereon, $30,950. 



48 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 



Gt. Northern & Northern Pacific R.R. bonds, 

Lawrence city bonds, 

Eastern R.R. bonds, .... 

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

City of Grand Haven, Mich., bonds, 

Oregon Short Line R.R. bonds, 

Chicago & Northwestern R.R. bonds, 

City 01 Syracuse bonds, . 

Ohio, Cedar Rapids & St. Paul R.R. bonds, 

111 shares Atch., Topeka & Santa Fe R.R., 
57 " Union Pacific R.R 
61 " Boston & Albany R.R., . 
34 •' Providence & Worcester R.R., 
25 " Norwich & Worcester R.R , . 
11 " Boston & Maine R.R., 
25 " Wachusett National Bank, 
20 " Westminster National Bank, . 
8 " Mechanics' National Bank, 
25 " Quinsigamond National Bank, 
99 " Am. Card Clothing Co., . 
42 " Worcester Electric Light Co., 
24 " Worcester Gas Light Co., 
4 " Worcester Safe Dep. & Trust Co., 



00 
00 
00 
00 
17 
00 



Book Value. 

$3,551 25 

9,800 

4,800 
10,500 

5,000 
906 

8,440 
19,030 40 

2,110 00 

7,322 19 

4,938 55 
11,695 00 

6,625 

4,525 

1,948 

5,000 

2,000 
800 

3,119 

9,702 

8,428 

5,335 
920 



00 
00 
27 
00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$6,000 00 
10,000 00 

5,100 
10,045 

5,000 
920 

8,440 
19,030 

2,110 

8,943 

4,648 
14,945 

9,520 

5,550 

1,826 

3,625 

2,000 
800 

3,625 

3,960 
10,500 

6,000 00 
940 00 



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



|136,495 83 $143,527 00 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

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



Amount of permanent fund, 



$150,206 00 



Income. 

Net premiums, $127,505.44; extra premiums, $566.07, . 
Interest on mortgage loans, $4,972.43; stocks and bonds, 
$4,438.75; all other, $133.61, 



Total income, 
Ledger assets, Dec. 31, 1902, 



$128,071 51 
9,544 79 

$137,616 30 
242,469 83 



Total, $380,086 13 



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, . 
Taxes and fees, 



$45,796 93 

49,194 52 

19,720 66 

7,903 00 

725 00 

2,151 04 



MERRIMACK MUTUAL FIRE INSURANCE CO. 49 

Loss on sale or maturity of ledger assets, .... $1,388 43 
All other disbursements, 4,257 36 



Total disbursements, $131,136 94 



Balance, |248,949 19 

Ledger Assets. 

Real estate, $3,500 ; mortgages,* $104,973, .... $108,473 00 

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

Cash in banks and office, 6,193 67 

Agents' balances, 17,007 52 



Total ledger assets, $248,949 19 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $1,403.67; bonds, $1,397.12 ; other assets, $53, 2,853 79 

Rents accrued on company's property, 180 00 

Market value of stocks and bonds over book value, . . 1,600 00 



Gross assets $253,582 98 

Assets not admitted. 
Agents' balances over three months due, .... 59 39 



Total admitted assets, $253,523 59 

Liabilities. 

Unpaid losses, $3,531 20 

Unearned premiums on outstanding risks, $210,775.10 ; plus 

same on disallowed reinsurance, $46.74, .... 210,821 84 

Dividends due policy holders, 5,798 95 

Due for return premiums, $122.19 ; reinsurance, $73.40, . 195 59 



All liabilities, except surplus, $220,347 58 

Surplus 33,176 01 



Total liabilities, $253,523 59 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $27,617,505 00 $414,361 34 $414,361 34 

Risks written during 1903, . 9,124,130 00 135,831 05 135,831 05 



Total, $36,741,635 00 $550,192 39 $550,192 39 

Risks expired and terminated, . 8,553,102 00 130,133 05 130,133 05 



In force at end of year, . . $28,188,533 00 $420,059 34 $420,059 34 
Amount reinsured, . . . 436,924 00 7,142 88 7,142 88 



Net amount in force, . .$27,751,609 00 $412,916 46 $412,916 46 

* Value of land, $58,250; buildings, $154,(550; insurance thereon, $122,700. 



50 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$48,163 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Salem (Ohio) Water Co. stock, 

Helena Water Co. stock, . 

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

15 shares Lawrence National Bank, 

10 " Andover National Bank, 

Cincinnati city bonds, 

Lynn city bonds, ... 

Boston & Maine R.R. bonds, 

Old Colony R R. bonds, . 

Chicago & Northwestern R.R bonds, 

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

Salem (Ohio) Water Co. bonds, 

Helena Water Co. bonds, .... 

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

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

Chicago, Burlington & Quincy R.R. bonds, 

Town of Milton bonds, 

Andover water bonds, 

Danvers water bonds, 

Seattle city bonds, 

Westborough bonds, . 

North Andover bonds, 



00 
00 
00 
00 
00 



Book Value. 

$3,000 00 

5,000 00 

3,400 00 

1,500 

1,000 

7,000 

5,000 

2,000 

10,000 00 

4,000 00 

5,000 00 

3,000 00 

5,375 00 

5,000 00 

1,000 00 

3,000 00 

3,000 00 

15,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 CO 



Market Value. 

$2,400 00 

4,000 

2,040 

1,800 

1,200 

7,620 

5,025 

2,190 
10,750 

4,440 00 

5,500 00 

2,400 

4,300 

5,750 

1,060 

2,775 

3,000 
16,000 00 
10,500 00 

5,300 00 
10,150 00 
10,675 00 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



$117,275 00 $118,875 00 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 
EICHARD F. BAltRETT, President. ADAMS TOLMAN, Secretary. 



Amount of permanent fund, 



$327,532 84 



Income. 

Net premiums, $174,803.48 ; extra premiums, $944.20, . . $175,747 68 
Interest on mortgage loans, $2,393 ; collaterals, $75 ; stocks 

and bonds, $20,743.75; all other, $904.59, .... 24,11634 

Rents, including company's own occupancy, .... 956 00 

From all other sources, 603 11 

Total income, \ $201,423 13 

Ledger assets, Dec. 31, 1902, less commissions due, . . 619,529 04 

Total, $820,952 17 



Disbursements. 



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



$50,523 90 
87,534 04 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



51 



Commissions or brokerage, $25,918 01 

Salaries, fees, etc., of officers and employees, .... 14,436 70 

Rents, including company's own occupancy, .... 500 00 

Real estate taxes, $426.84 ; other taxes and fees, $1,809.87, . 2,236 71 

Accrued interest on bond purchases, 43 75 

All other disbursements, 7,233 09 

Total disbursements, $188,426 20 

Balance, $632,525 97 



Ledger Assets. 

Real estate, $23,872.26 ; mortgages,* $50,575, 
Loans secured by collateral (schedule A), 
Stocks and bonds (Schedule B), 

Cash in banks and office, 

Agents 1 balances, 



Total ledger assets, 



$74,447 26 
7,000 00 

513,284 80 
19,464 34 
18,329 57 

$632,525 97 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,089.30 ; bonds, $6,045.72 ; collateral loans, 

$127.50 - . 

Rents due and accrued on company's property, 

Market value of real estate over book value, .... 

Market value of stocks and bonds over book value, 



Gross assets, 



7,262 52 

430 00 

18,127 74 

41,939 20 

$700,285 43 



Liabilities. 

Unpaid losses, including $3,750 resisted, . 
Unearned premiums on outstanding risks, 
Dividends due policy holders, . 
Due for reinsurance premiums, 

All liabilities, except surplus, . 
Surplus, 



$3,950 00 

333,990 78 

9,388 11 

149 76 

$347,478 65 
352,806 78 



Total liabilities, $700,285 43 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec 31, 1902, $44,173,354 00 $656,404 38 
Risks written during 1903, . 12,166,878 00 184,047 90 



Total, $56,340,232 00 $840,452 28 

Risks expired and terminated, . 12,199,932 00 185,543 39 



In force at end of year, . .$44,140,300 00 $654,908 89 
Amount reinsured, . . . 364,019 00 5,361 97 



Conting't Prem's 

$656,404 38 

184,047 90 

$840,452 28 

185,543 39 

$654,908 89 

5,361 97 



Net amount in force, . .$43,776,28100 $649,546 92 $649,546 92 



* Value of land, $34,700; buildings, $97,500; insurance thereon, $61,200. 



52 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



,724 00 



Schedule A. 

Securities held as Collateral. 



25 shares American Powder Mills, . 
35 " Putnam Water Co., . 
25 " Knoxville Water Co., 
American Bell Telephone Co. bonds, 



Market Value. Loaned Thereon. 

$3,750 00 $1,500 00 

4,550 00 

2,500 00 

1,960 00 1,500 00 



4,000 00 



Schedule B. 



$12,760 00 $7,000 00 



Stocks and Bonds owned by the Company. 



Bal. due on Black. Nat'l B'k (in liquidation), 
33 shares Concord Nat'l Bank, Concord, 
57 " Boston & Albany R.R., . 
100 " Fitchburg R.R., 
180 " Pullman Co , . 
Burlington & Missouri River R.R. bonds, 
Chicago, Burlington & Quincy R.R bonds, 
Boyer Val. div., Chic. & Northwests R.R. b'ds 
Cleveland & Pittsburg R.R. bonds, . 
Portland & Ogdensburg R.R. bonds, 
Atchison, Topeka & Santa Fe R R. bonds, 
Cincinnati, Hamilton & Dayton R R. bonds, 
Concord & Montreal R.R. bonds, 
Conn. & Passumpsic Rivers R.R. bonds, . 
Old Colony R R. bonds, .... 
Boston & Lowell R.R. bonds, . 
Boston & Albany R R. bonds, . 
N. Y , Providence & Boston R R. bonds, . 
Boston & Maine R R. bonds, . 
Chic. June. R'y & Union Stock Y'ds Co. bonds 
Eastern R'y of Minnesota bonds, 
Long Island R.R. (Penn ) bonds, 
Erie & Pittsburg (Penn ) R.R. bonds, 
United Trac. & Elec. R'y (Prov., R I.) bonds 
Hamilton, Ontario, Street R'y bonds, 
Midland Terminal R R of Colorado bonds, 
N. Y , N H. & Hartford R.R bonds, 
Mohawk & Malone R.R. bonds, 
Lake Shore & Michigan Southern R.R. bonds 
Narragansett Pier R.R. bonds, . 
Norwich & Worcester R.R bonds, . 
St. Paul, Minn. & Manitoba R.R. bonds, . 
NY, Ontario & Western R R. bonds, ■ 
Terminal R.R. Association of St. Louis bonds 
N. Y. Central & Hudson River R.R. bonds, 
West End Street R'y bonds, 
Temple Iron Co. bonds, . 
Town of Concord, Mass , bonds, 
Toledo city bonds, 
Cambridge city bonds, 



00 
75 
00 
65 



00 
00 
00 
00 



Book Value. 

$759 00 

3,300 

5,757 

8,660 
18,726 
16,495 00 
14,095 00 
10,225 
31,575 
21,200 

1,900 
10,100 00 
25,150 00 
26,600 00 

5,262 50 
20,506 25 
10,557 50 
10,750 00 
11,775 00 
10,250 00 
10,712 50 

5,762 
10,400 

5,737 
10,350 
10,450 00 
10,475 00 
11,062 
10,912 
10,375 
10,575 
11,226 
10,475 
11,450 
10,037 
10,387 

5,200 
12,121 
10,000 00 
20,000 00 



50 
00 
50 
00 



50 
50 

00 
00 
00 
00 
00 
50 
50 
00 
40 



Market Value. 

$759 00 

5,775 
13,965 
13,600 
39,420 
17,0( 
14,720 00 
10,000 00 
30,600 
21,500 

1,970 
11,700 
27,125 
28,750 

5,200 
20,800 
10,600 
11,150 
12,200 

9,900 
10,500 

5,725 

9,900 00 

5,550 00 
10,500 00 
10,000 00 
10,100 00 
10,400 00 
10,400 00 
10,150 00 
10,750 00 
11,300 00 
10,400 00 
11,200 00 
10,000 
10,450 

5,100 
12,340 
10,800 00 
21,400 00 



00 
00 
00 
00 
00 



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



00 
00 
00 
00 



MUTUAL FIRE ASSURANCE CO. 



53 



Pawtucket city bonds, 
Medford city bonds, . 
Holyoke city bonds, . 
Massachusetts State bonds, 
Town of Belmont bonds, . 



Book Value. 

$10,487 50 

5,356 25 

10,950 00 

10,137 50 

5,000 00 



Market Value. 

$10,150 00 

5,475 00 

11,050 00 

9,800 00 

5,050 00 



$513,284 80 $555,224 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, f 122,422 00 

Income. 

Net premiums, $22,634.77; extra premiums, $ 121. 37, . . $22,756 14 
Interest on mortgage loans, $1,805.70; stocks and bonds, 

$7,096; all other, $231.20, 9,132 90 

Total income $31,889 04 

Ledger assets, Dec. 31, 1902, 185,176 54 

Total $217,065 58 

Disbursements. 

• 

Net amount paid for losses, $2,624 04 

Profits on terminated policies, 18,339 61 

Salaries, fees, etc., of officers and employees, .... 4,500 00 

Rents, 500 00 

Real estate taxes, 238 14 

All other disbursements, . 453 21 

Total disbursements, $26,655 00 

Balance, $190,410 58 

Ledger Assets. 

Mortgages,* $10,050 00 

Stocks and bonds (schedule A), 144,416 19 

Cash in banks and office, 5,914 39 

Total ledger assets, $190,410 58 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $468.29; bonds, $802.49, .... 1,27078 

Market value of stocks and bonds over book value, . . 23,653 81 

Gross assets, $215,335 17 

* Value of land, $18,750; buildings, $52,750; insurance .thereon, $44,000. 



54 



MUTUAL FIRE ASSURANCE CO. 



Liabilities. 

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

All liabilities, except surplus, . 
Surplus, 



152,984 46 

331 42 

$53,315 88 

162,019 29 



Total liabilities, $215,335 17 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec 31,1902, $6,121,100 00 $98,077 25 

Risks written during 1903, . 1,323,650 00 22,634 77 



Total, $7,444,750 00 f 120,712 02 

Risks expired and terminated, . 1,252,225 00 20,497 10 



Conting't Prem's. 

$98,077 25 
22,634 77 

$120,712 02 
20,497 10 



In force at end of year, . 



1,192,525 00 $100,214 92 $100,214 92 



Miscellaneous. 



Losses incurred during the year, .... 
Profits or surplus returned during 1904, 90 per cent. 



!,624 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Vermont Valley R.R. bonds, . 

Chesapeake & Ohio R.R. bonds, 

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

Chicago, Burl. & Quincy R R. bonds, 

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

Holyoke Street R R. bonds, 

Boston & Albany R.R. bonds, . 

Detroit Southern R.R bonds, . 

Reading, Jersey Central R R. bonds, 

Amer. Telephone & Telegraph Co. bonds, 

Woronoco Street R.R. bonds, . 

Connecticut River R.R. bonds, . 

Springfield Street R.R bonds, . 
75 shares Second Nat'l Bank, Springfield, 
61 " Chicopee Nat'l Bank, Springfield, 
25 " - John Hancock N'l B'k, Springfield 
25 " First Nat'l Bank, Springfield, 
25 " Chapin Nat'l Bank, Springfield, 
10 " Monson Nat'l Bank, Monson, . 
10 " First National Bank, Chicopee, 
50 " Hadley Falls Nat'l Bank, Holyoke, 
20 " Springfield Nat'l Bank, Springfield, 
50 " Nat'l Bank of Commerce, Boston, 

100 " Boston & Albany R R., . 

198 " N. Y. Cent. & Hudson River R.R., 
69 " Chic , Burl. & Quincy R.R., . 
20 " Holyoke & Westfield R.R., . 



Book Value. 

$4,200 00 

4,040 00 

8,000 00 

1,000 00 

4,040 

6,300 
10,650 

3,300 

2,865 

2,970 

5,312 

2,030 

3,064 

7,820 

6,100 

2,500 

2,720 

2,875 

1,000 

1,000 

5,050 

2,500 

5,000 00 
14,073 25 
23,931 25 

8,364 85 

3,740 00 



00 
00 
00 
00 
00 
00 
00 
00 
84 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$4,240 00 
4,600 00 
7,040 
920 
4,080 
6,300 
10,600 00 
2,520 00 
2,730 00 
2,820 00 
5,250 00 
2,020 00 
3,030 00 
9,750 00 
9,150 00 
2,375 00 
2,750 
3,000 
1,200 
1,250 
6,250 
3,900 
7,300 
24,500 00 
23,760 00 
12,765 00 
4,000 00 



00 
00 
00 
00 
00 
00 
00 



$144,446 19 $168,100 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



55 



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, |38,837.58; extra premiums, $174.08, . . $39,01166 
Interest on mortgage loans, $2,214.50; collaterals, $450; 

stocks and bonds, $1,925.83; all other, $577.21,. . . 5,167 54 

Profit on sale or maturity of ledger assets 1,105 00 

From all other sources, 511 78 

Total income, $45,795 98 

Ledger assets, Dec. 31, 1902, less commissions due, . . 120,994 25 



Total, $166,790 23 

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, . 

Taxes and fees, 

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



$11,804 07 

10,852 28 

5,723 59 

7,000 00 

500 00 

387 26 

153 75 

2,842 99 

Total disbursements, $39,263 94 

Balance, $127,526 29 

Ledger Assets. 



Mortgages,* 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, .... 

Agents' balances, 

All other ledger assets, .... 



Total ledger assets, 



$47,900 00 

10,000 00 

50,732 71 

15,623 28 

3,191 43 

78 87 

M27,526 29 



Non-Ledger Assets. 



Interest due and accrued : — 
On mortgages, $1,272.07; bonds, $430.04; collateral loans, 
$178, 



1,880 11 



Gross assets, $129,406 40 



* Value of land, 824,000; buildings, $72,700; insurance thereon, $64,900. 



56 



MUTUAL PROTECTION FIRE INSURANCE CO. 



Assets not admitted. 

Agents" balances over three months due, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, . . . . — 



Total admitted assets, 



$308 14 
2,256 71 



$2,564 85 
§126,841 55 



Liabilities. 

Unpaid losses, 

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

All liabilities, except surplus, . 
Surplus, 



$72 00 

47,789 47 

1,161 84 

849,023 31 

77,818 24 



Total liabilities, $126,84155 

Risks and Premiums. 

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

Risks outstanding Dec. 31,1902, 85,093,894 00 $84,090 10 $84,090 10 



Risks written during 1903, 

Total,, 
Risks expired and terminated, 

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



2,552,405 00 



43,960 62 43,960 62 



$7,646,299 00 $128,050 72 $128,050 72 
1,912,186 00 32,518 80 32,518 80 



$5,734,113 00 
314,783 00 



895,531 92 895,531 92 
5,623 65 5,623 65 



Net amount in force, . . $5,419,330 00 889,908 27 889,908 27 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20,40 and 70 per cent. 



$11,543 00 



Schedule A. 
Securities held as Collateral. 



150 shares Copper Range Co., . 
Boston Electric Light Co. bonds, 
Col., Southern R.R. bonds, 
Oregon Short Line R.R. bonds, 
Copper Range R.R. bonds, 



Market Value. Loaned Thereon. 

86,900 00 ^ 
1,000 00 

900 00 j> $10,000 00 
1,000 00 | 
3,500 00 J 



Schedule B. 



$13,300 00 $10,000 00 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

17 shares Monument National Bank, . . $3,150 00 $2,567 00 

20 " National Bank of the Republic, . 2,570 00 .3,000 00 

31 " Charlestown Gas & Electric Co., . 2,263 00 3,255 00 

15 " N. Y. Central R.R., .... 2,173 13 1,770 00 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 57 

Book Value. Market Value. 

5 shares Atch., Topeka & Santa Fe R.R., . #255 00 #445 00 

18 " N. Y\, New Haven & Hartford R R., 2,719 00 2,535 00 

54 " American Tel. & Telegraph Co., . 7,835 00 6,750 00 

186 " Pennsylvania R R. Co., . . . 12,789 38 10,974 00 

American Telephone & Tel. Co. bonds, . . 6,978 20 6,580 00 

United States bonds, 10,000 00 10,600 00 



$50,732 71 $48,476 00 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.] 
WILLIAM R. JOHNSON, President. ALFRED W. THURLOW, Secretary. 

Amount of permanent fund, #27,021 89 

Income. 

Net premiums $2,431 79 

Interest on mortgage loans, $37.25; stocks and bonds, 

$1,523.28, , 1,560 53 

Rents 25 00 

From all other sources, 132 50 

Total income $4,149 82 

Ledger assets, Dec. 31, 1902, 37,072 84 

Total, #41,222 66 

Disbursements. 

Net amount paid for losses, $446 65 

Profits on terminated policies, 2,186 11 

Salaries, fees, etc., of officers and employees, . . . 672 55 

Rents, 175 00 

Taxes and fees, 24 18 

All other disbursements, 81 52 

Total disbursements #3,586 01 

Balance, $37,636 65 

Ledger Assets. 

Mortgages,* $700 00 

Stocks and bonds (schedule A), 32,700 90 

Cash in banks and office, 4,185 75 

Furniture, 50 00 

^ 

Total ledger assets, $37,636 65 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $17.50; bonds, $187, 204 50 

Market value of stocks and bonds over book value, . . 1,099 65 

Gross assets, #38,940 80 

* Value of laud, $900; buildings, $800; insurance thereon, $600. 



58 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



Assets not admitted. 



Furniture, . 

Total admitted assets, 



$50 00 



$38,890 80 



Liabilities. 

Unpaid losses, 

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

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$50 00 

5,411 40 

132 50 

$5,593 90 

33,297 10 

$38,890 80 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31,1902, $748,185 00 
Risks written during 1903, . 161,883 00 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 



$910,068 00 
153,483 00 



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

$11,162 79 $44,691 56 
2,484 25 9,937 00 



$13,647 04 $54,628 56 
2,247 12 9,020 88 



$756,585 00 $11,399 92 $45,607 68 



Miscellaneous. 

Losses incurred during the year, . . . . 
Profits or surplus returned during 1903, 100 per cent. 



$316 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Riverbank Court Trust Co. bonds, . 
New England Cotton Yard bonds, . 
Minneapolis General Electric Co. bonds, 
Meriden, Conn., bonds, .... 
Newport News, Va ., bonds, 
Penobscot Shore Line bonds, . 
Central Vermont R.R. bonds, . 
Detroit Telephone & Telegraph Co. bonds, 
Amer. Telephone & Telegraph Co. bonds, 
Western Telephone & Telegraph Co. bonds, 
South Bend, Ind., bonds, .... 
100 shares Mer Nat'l Bank, Newburyport, 
31 " Ocean Nat'l Bank, Newburyport, 
10 " Bank of Redemption, Boston, . 
4 " State National Bank, Boston, . 
10 " Western Union Telegraph Co., 
10 " U. S. Rubber Co., . 
15 " Westinghouse Electric Co., 
20 " Boston & Maine R.R., . 
7 " N. Y. Central R.R 



Book Value. 

$2,000 00 
1,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
1,600 00 
2,000 00 

990 00 
3,000 00 
1,000 00 
2,0P0 00 
1,550 00 
1,000 

420 
1,000 

500 
1,125 
3,600 
1,028 



00 
00 
00 
00 
00 
00 
10 



Market Value. 

$2,060 00 

970 00 

1,030 00 

1,030 00 

2,060 00 

2,160 00 

1,640 00 

2,000 00 

940 00 

2,970 00 

1,010 00 

2,300 00 

1,612 00 

1,700 00 

580 00 

865 00 

400 00 

1,285 00 

3,360 00 

836 50 



NORFOLK MUTUAL FIRE INSURANCE CO. 59 



9 shares St. Paul R.R 

5 " Chicago Junction Stock Yard Co., 
11 " Atch., Topeka & Santa Fe R.R., 

1 share Central Vermont R.R., 
Central Vermont R.R. scrip, 



Book Value. 


Market Value. 


$1,350 00 


$1,595 25 


625 00 


590 00 


900 00 


794 00 


8 00 


8 00 


4 80 


4 80 



$32,700 90 $33,800 55 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary. 

Amount of permanent fund, $334,201 14 

Income. 

Net premiums, $83,701.83; extra premiums, $628.80, . . $84,330 63 
Interest on mortgage loans, $1,354.75; stocks and bonds, 

$22,961.25; all other, $217.07, 24,533 07 

Rents 956 25 

Profit on sale or maturity of ledger assets, .... 3,000 00 

From all other sources, 161 88 

Total income $112,981 83 

Ledger assets, Dec. 31, 1902 646,284 27 

Total, $759,266 10 



Disbursements. 

Net amount paid for losses, $25,778 87 

Profits on terminated policies, 51,156 18 

Commissions or brokerage, 14,058 05 

Salaries, fees, etc , of officers and employees, .... 7,927 10 

Repairs and expenses on real estate, 4,829 56 

Real estate taxes, $201.08 ; other taxes and fees, $1,122.70, . 1,323 78 

Loss on sale or maturity of ledger assets, .... 15,573 25 

Interest on securities purchased, 136 59 

All other disbursements, 1,725 71 

Total disbursements, $122,509 09 

Balance, $636,757 01 

Ledger Assets. 

Real estate, $15,000 ; mortgages,* $27,725, .... $42,725 00 

Stocks and bonds (schedule A), 584,673 00 

Cash in banks and office, 2,487 60 

Agents 1 balances, 6,871 41 



Total ledger assets, $636,757 01 

* Value of laud, $22,700; buildings, $36,400; insurance thereon, $34,400. 



60 



NORFOLK MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, f 499. 86; bonds, $6,553.39; other assets, 

$1,163.75, 

Rents due on company's property, 



Gross assets, 



1,217 00 
37 50 



$645,011 51 



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

Total admitted assets, .... 



233 75 



,777 76 



Liabilities. 



Unpaid losses, 

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



$662 00 

178,898 60 

6,703 15 

420 07 



All liabilities, except surplus, $186,683 82 

Surplus, 458,093 94 



Total liabilities, 



$644,777 76 



Risks and Premiums. 

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



Risks outstanding Dec. 31, 1902, $23,922,468 00 $343,668 25 $343,668 25 

Risks written during 1903, . 6,056,171 00 88,268 78 88,268 78 

Total $29,978,639 00 $431,937 03 $431,937 03 

Risks expired and terminated, . 5,794,084 00 85,413 55 85,413 55 



In force at end of year, 



. $24,184,555 00 $346,523 48 $346,523 48 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 25, 50 and 70 per cent. 



$25,739 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



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

Boston & Albany R.R. bonds, . 

Boston & Maine R.R. bonds, 

Boston Consolidated Street R'y Co. bonds, 

Boston & Providence R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Boston city bonds, ..... 

Chelsea city bonds, 

Concord & Montreal R.R. bonds, 
Fitchburg R.R. bonds, .... 



Book Value. 

$32,722 50 
15,000 00 
39,600 00 
5,150 00 
21,100 
21,025 
12,965 
11,137 
10,600 00 
26,800 00 



00 
00 
00 
50 



Market Value. 

$32,722 50 
15,000 00 
39,600 00 
5,150 00 
21,100 00 
21,025 00 
12,965 00 
11,137 50 
10,600 00 
26,800 00 



PAPER MILL MUTUAL INSURANCE CO. 



61 



Conn. & Passumpsic River R.R. bonds, . 

Dexter & Newport R.R. bonds, 

Fall River city bonds, .... 

Fremont, Elkhorn & Mo. Valley R.R. bonds, 

Grand Avenue R'y, Kansas City, bonds, . 

Oregon Short Line R.R. bonds, 

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

N. H. Trust Co. bonds, 

Illinois Central R.R. bonds, 

Lombard Investment Co. bonds, 

Lawrence city bonds, .... 

Norwich & Worcester R.R. bonds, . 

Maine Central R R. bonds, 

Newport & Richford R'y Co. bonds, 

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

Newton city bonds, 

North Andover town bonds, 
Philadelphia & Reading R.R. bonds, 
Old Colony R.R. bonds, .... 

Taunton city bonds, 

Portland & Rumford Falls R.R. bonds, . 

Lynn city bonds, 

Salem city bonds, 

Union Pacific Railway bonds, . 

Northern Pacific & Gt. Northern R.R. bonds, 

313 shares Atch , Top. & Santa Fe R.R., . 



65 

60 
100 

75 
125 

20 



Dedham Water Co., 
Union Pacific R.R., . 
Old Colony R.R., . 
Boston & Lowell R.R., . 
Boston & Albany R.R., . 
Boston & Providence R.R., 



Book Value. 


Market Value. 


$5,525 00 


$5,525 00 


6,240 00 


6,240 00 


2,200 00 


2,200 00 


6,850 00 


6,850 00 


5,150 00 


5,150 00 


12,500 00 


12,500 00 


9,720 00 


9,720 00 


1,000 00 


1,000 00 


4,925 00 


4,925 00 


237 50 


237 50 


5,325 00 


5,325 00 


21,450 00 


21,450 00 


16,350 00 


16,350 00 


16,050 00 


16,050 00 


16,500 00 


16,500 00 


16,255 00 


16,255 00 


5,362 50 


5,362 50 


9,760 00 


9,760 00 


41,820 00 


41,820 00 


10,770 00 


10,770 00 


10,400 00 


10,400 00 


20,790 00 


20,790 00 


5,250 00 


5,250 00 


4,567 50 


4,567 50 


20,240 00 


20,240 00 


26,755 50 


26,755 50 


7,150 00 


7,150 00 


5,280 00 


5,280 00 


20,000 00 


20,000 00 


17,625 00 


17,625 00 


30,625 00 


30,625 00 


5,900 00 


5,900 00 


$584,673 00 


1584,673 00 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated November, 1886. Commenced business April 1, 1887.] 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 31 Milk Street. 



Income. 



Net premiums, .... 
Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1902, . 



$123,015 43 
3,789 57 

$126,805 00 
106,060 47 



Total $232,865 47 



Disbursements. 

Net amount paid for losses, . 

Profits on terminated policies, . 

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

Rents, 



$10,384 96 

89,066 93 

5,591 75 

360 00 



62 PAPER MILL MUTUAL INSURANCE CO. 

Taxes and fees, $ 1,255 52 

Inspections, 1,816 68 

All other disbursements, 572 78 



Total disbursements, $109,048 62 



Balance, $123,816 85 

Ledger Assets. 

Bonds (schedule A) $108,532 75 

Cash in banks and office, 14,235 46 

Premiums in course of collection, 1,048 64 



Total ledger assets, * $123,816 85 

Non-Ledger Assets. 

Interest accrued on bonds, $1,635 00 

Market value of bonds over book value, . . . . . 742 25 



Gross assets, $126,194 10 

Liabilities. 

Unpaid losses, $771 74 

Unearned premiums on outstanding risks, .... 60,894 64 

Taxes, 280 54 



All liabilities, except surplus, $61,946 92 

Surplus, 64,247 18 

Total liabilities, $126,194 10 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $12,528,972 00 $99,492 18 $497,460 90 

Risks written during 1903, . 16,143,055 00 128,204 04 641,020 20 



Total, $28,672,027 00 $227,696 22 $1,138,481 10 

Risks expired and terminated, . 13,493,168 00 105,906 94 529,534 70 



In force at end of year, . . $15,178,859 00 $121,789 28 $608,946 40 

Miscellaneous. 

Losses incurred during the year, $11,157 00 

Profits or surplus returned during 1903, 88.44 per cent. 

Schedule A. 
Bonds owned by the Company, 

Book Value. Market Value. 

Portland & Ogdensburg R.R. bonds, . . $5,020 00 $5,300 00 

N. Y. Central & Hudson River R R. bonds, . 4,993 75 4,400 00 

Cincin., Sandusky & Cleveland R.R. bonds, . 5,097 00 5,550 00 

Maine Central R.R. bonds, .... 5,190 00 5,650 00 

Pennsylvania R.R. bonds, 5,240 00 5,700 00 

Newton water bonds, 5,212 50 5,400 00 

4 



QUINCY MUTUAL FIRE INSURANCE CO. 



63 



Boston & Albany R.R. bonds, . 
Boston & Maine R.R. bonds, 
Boston & Lowell R R. bonds, . 
Fitchburg R.R. bonds, .... 
Chic. June. R.R. & Union Stock Y'ds bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
American Bell Telephone bonds, 
American Telephone & Telegraph Co. bonds 
West End Street R'y Co. bonds, 

Boston city bonds, 

Mohawk & Malone R.R. bonds, 
Concord & Montreal R.R. bonds, 



Book Value. 


Market Value. 


|10,300 00 


$10,450 00 


5,547 00 


5,950 00 


5,150 00 


5,200 00 


5,525 00 


5,350 00 


4,950 00 


4,850 00 


5,000 00 


5,000 00 


5,025 00 


4,900 00 


5, 5,000 00 


4,700 00 


5,145 00 


5,150 00 


15,447 50 


15,225 00 


5,390 00 


5,250 00 


5,300 00 


5,250 00 


$108,532 75 


$109,275 00 



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, f 350,000 00 

Income. 

Net premiums, $149,731.10 ; extra premiums, $976.75, . . $150,707 85 
Interest on mortgage loans, $5,530.27 ; collaterals, $11,053.21 ; 

stocks and bonds, $10,895; all other, $711.71, . . . 28,190 19 

Rents, 547 55 

Total income, $179,445 59 

Ledger assets, Dec. 31, 1902, plus non-ledger transferred to 

ledger, 664,551 53 

Total, $813,997 12 

Disbursements. 

Net amount paid for losses, $42,204 94 

Profits on terminated policies, 66,032 42 

Commissions or brokerage, 25,447 43 

Salaries, fees, etc., of officers and employees, .... 15,042 30 

Real estate taxes, $327.32 ; other taxes and fees, $2,764.33, . 3,091 65 

All other disbursements, 8,084 36 



Total disbursements, . 



$159,903 10 



Balance $684,094 02 

Ledger Assets. 



Real estate, $16,316.36 ; mortgages,* $102,875, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 



$119,191 36 

268,200 00 

247,902 75 

37,408 82 

11,391 09 



Total ledger assets, $684,094 02 



* Value of land, $103,500; buildings, $152,000; insurance thergon, $123,200. 



64 



QUINCY MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,535.20; bonds, f 1,047. 25; collateral loans, 

$778.54; other assets, 120.40, 

Rents due and accrued on company's property, 

Market value of real estate over book value, .... 

Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except surplus, 

Surplus, 



$3,381 39 
150 00 
283 64 

18,054 25 

$705,963 30 



$1,200 00 

244,436 56 

4,200 00 

350 00 

$250,186 56 
455,776 74 



Total liabilities, $705,963 30 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, f 32,679,894 00 $478,988 35 $478,988 35 

Risks written during 1903, . 10,070,410 00 150,632 37 150,632 37 



Total $42,750,304 00 

Risks expired and terminated, . 10,164,078 00 



$629,620 72 $629,620 72 
152,372 44 152,372 44 



In force at end of year, 



. $32,586,226 00 $477,248 28 $477,248 28 



Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$43,405 00 



Schedule A. 

Securities held as Collateral, 



740 shares American Woolen Co., . 

300 " N. E. Dressed Meat & Wool Co., 

Boston & Worcester Street R'y Co. bonds, 

Peoria & Pekin Terminal R'y Co. bonds, 

Eastern Steamship Co. bonds, . 

Hudson River Water Power Co. bonds, 

Hudson River Electric Co. bonds, . 

Eastern Steamship Co. bonds, . 

Peoria & Pekin Terminal R'y Co. bonds, 

Huntington Co., Pa , bonds, 

Loraine & Cleveland R.R. Co. bonds, 

Massachusetts Securities Co. bonds, 

Lowell & Boston St R'y bonds and notes, 

Town of Framingham note, 

100 shares North Packing and Provision Co. 

144 " National Granite Bank, Quincy, 

175 " N. E. Dressed Meat & Wool Co., 



Market Value. 

$44,200 00 
45,000 00 
10,100 00 'j 
5,000 00 
3,090 00 , 
10,000 00 J 
15,000 001 
4,120 00 | 
2,000 00 } 
4,100 00 
3,000 00 j 
9,000 00 ) 
19,000 00 \ 
25,000 00 
10,000 00 
19,440 00 
26,250 00 



Loaned Thereon. 

$34,200 00 
25,000 00 



}> 25,000 00 



25,000 00 



25,000 00 

20,000 00 

7,500 00 

17,700 00 

7,500 00 



RUBBER MANUFACTURERS MUTUAL INSURANCE CO. 



65 



Mortgage note, . 
Corporation notes, 



Market Value. Loaned Thereon. 

$50,000 00 $35,000 00 
46,300 00 46,300 00 



Schedule B. 



$350,600 00 $268,200 00 



Stocks and Bonds owned by the Company. 



88 shares Rockland National Bank, Boston, 



87 

40 

60 
250 

75 

50 
329 

48 

50 

40 

32 

38 

10 

50 

29 

25 
Balance 



Second National Bank, Boston, 
Merchants' National Bank, Boston 
State National Bank, Boston, . 
Colonial National Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Hamilton National Bank, Boston, 
Mt. Wollaston Nat'l Bank, Quincy 
Granite National Bank, Quincy, 
Wachusett Nat'l Bank, Fitchburg, 
Hingham Nat'l Bank, Hingham, 
First Nat'l B'k, South Weymouth, 
Union National Bank, Weymouth, 
Quinsigamond N'l B'k, Worcester, 
Brockton National Bank, Brockton 
Plymouth Nat'l Bank, Plymouth, 
First National Bank, West Newton 
on Washington Bank, Boston (in 



liquidation), 
Balance on 200 shares Manufacturers' Bank 

Boston (in liquidation), 
Balance on 46 shares Continental National 

Bank, Boston (in liquidation), 
Balance on Suffolk B'k Boston (in liquidation) 

11 shares Old Colony R.R., 
178 " Lawrence Duck Co., 
50 " State St. Safe Deposit & Trust Co. 
13 " Decatur Water Works Co., . 
Chicago, Burlington & Quincy R.R. bonds, 
Decatur Water Works Co. bonds, 
Michigan Telephone Co. bonds, 
Northern Pacific & Gt. North. R'y Co. bonds, 



Book Value. 

^12,056 00 

15,056 00 

6,040 00 

8,792 88 

37,500 00 

8.049 25 

5.050 00 
40,490 75 

6,295 75 
10,000 00 
5,639 25 
3,538 75 
4,080 25 
992 50 
5,000 00 
3,433 50 
2,675 00 

224 40 

500 00 

100 00 
1,404 99 
1,100 00 

17,800 00 

5,000 00 

350 00 

10,000 00 
2,900 00 
9,800 00 

24,033 48 



Market Value. 

$11,440 00 

16,530 00 

7,200 00 

8,700 00 

37,500 00 

12,750 00 

5,000 00 

39,480 00 

6,480 00 

7,500 00 

4,000 00 

3,200 00 

3,040 

1,250 

6,250 

3,045 

2,500 



00 
00 
00 
00 
00 



100 00 

500 00 

92 00 

1,500 00 

2,200 00 

15,000 00 

6,250 00 

350 00 

10,000 00 

2,900 00 

8,000 00 

43,200 00 



$247,902 75 $265,957 00 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.] 
E. S. CONVERSE, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $346,005 72 

Interest on bonds, 10,497 16 

Profit on sale or maturity of ledger assets, .... 177 50 

Total income, $356,680 38 

Ledger assets, Dec. 31, 1902, 275,852 89 

Total, $632,533 27 



i)6 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $32,590 11 

Profits on terminated polieies, 261,092 46 

Salaries, fees, etc., of officers and employees, .... 5,267 40 

Taxes and fees, 4,492 83 

Inspections, 8,234 43 

All other disbursements, 18,869 98 

Total disbursements, $330,547 21 

Balance $301,986 06 

Ledger Assets. 

Bonds (schedule A), . $254,000 00 

Cash in banks and office, 38,398 28 

Premiums in course of collection, 9,587 78 

Total ledger assets, $301,986 06 

Non-Ledger Assets. 

Interest accrued on bonds, ....... 4,333 78 

Gross assets, $306,319 84 

Assets not admitted. 

Depreciation in book value of bonds, 4,280 00 

Total admitted assets, $302,039 84 

Liabilities. 

Unpaid losses $15,500 00 

Unearned premiums on outstanding risks, .... 159,972 17 

Taxes, 644 38 

All liabilities, except surplus, $176,116 55 

Surplus, 125,923 29 

Total liabilities, $302,039 84 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $35,458,402 00 $297,786 13 $1,488,930 65 

Risks written during 1903, . 43,693,468 00 364,622 76 1,823,113 80 

Total $79,151,870 00 $662,408 89 $3,312,044 45 

Risks expired and terminated, . 39,424,528 00 342,464 55 1,712,322 75 

In force at end of year, . . $39,727,342 00 $319,944 34 $1,599,721 70 

Miscellaneous. 

Losses incurred during the year, $32,228 00 

Profits or surplus returned during 1903, 85 per cent. 



SALEM MUTUAL FIRE INSURANCE CO. 



67 



Schedule A. 
Bonds owned by the Company. 



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

Chicago Terminal Transfer R.R. bonds, . 

N. E. Telephone & Telegraph Co. bonds, 

American Bell Telephone Co. bonds, 

Bangor & Aroostook R.R. bonds, 

West End Street R'y bonds, 

St. Louis Merchants' Bridge Terminal R.R. b'ds 

American Writing Paper Co. bond's, 

American Telephone & Tel. Co. bonds, 

Fitchburg R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Maine Central R.R. bonds, 

Boston Consolidated R.R. Co. bonds, 

Northern Pacific R.R. Co. bonds, 

Western Union Telegraph Co. bonds, 



Book Value. 

$15,000 00 

20,000 00 

27,000 00 

15,000 00 

10,000 00 

20,000 00 

25,000 00 

10,000 00 

22,000 00 

20,000 00 

20,000 00 

16,000 00 

12,000 00 

7,000 00 

15,000 00 



Market Value. 

$13,200 00 
16,000 
26,880 
14,700 
11,800 
20,400 
26,875 

6,850 
20,680 
21,275 
20,000 
16,960 
12,360 00 

6,440 00 
15,300 00 



00 
00 
00 
00 
00 
10 
00 
00 
00 
00 
00 



$254,000 00 $249,720 00 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1S38. Commenced business May 1, 1838.] 
HOWARD S. PORTER, President. ARTHUR DERBY, Secretary. 



Amount of permanent fund, 



$52,580 66 






Income. 

Net premiums, 844,846.23; extra premiums, $108.75, . . $44,954 98 
Interest on mortgage loans, $122.50; stocks and bonds, 

$3,692.50; allother, $457.06, 4,272 06 

Rents, 229 93 

Total income, $49,456 97 

Ledger assets, Dec. 31, 1902, plus correction, .... 105,296 64 

Total, $154,753 61 

Disbursements. . 

Net amount paid for losses, $16,056 23 

Profits on terminated policies, 12.807 64 

Commissions or brokerage, ....... 7,908 66 

Salaries, fees, etc., of officers and employees, .... 4,127 92 

Rents, 450 00 

Repairs and expenses on real estate, 104 25 

Real estate taxes, $142.95 ; other taxes and fees, $435 87, . 578 82 

Loss on sale or maturity of ledger assets, .... 2,423 75 

All other disbursements, 2,391 60 

Total disbursements, $46,848 87 

Balance, $107,904 74 



68 SALEM MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 

Mortgages,* $2,100 00 

Stocks and bonds (schedule A), 98,535 35 

Cash in banks and office, 2,470 88 

Agents' balances, 4,798 51 

Total ledger assets, $107,904 74 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $21.05; bonds, $1,253.71, .... 1,27476 

All other, . 41 51 



Gross assets, $109,221 01 

Assets not admitted. 

Agents' balances over three months due, . $400 61 

Depreciation in book value of stocks and bonds, 1,038 60 

Total unadmitted assets, .... 1,439 21 



Total admitted assets, $107,781 80 

Liabilities. 

Unpaid losses, including $625 resisted, $4,378 58 

Unearned premiums on outstanding risks, .... 52,779 50 

Dividends due policy holders, 2,204 70 

Salaries and other miscellaneous expenses, due or accrued, . 85 48 

Due for return premiums, $84.66 ; reinsurance, $86.73, . 171 39 



All liabilities, except surplus, $59,619 65 

Surplus, 48,162 15 



Total liabilities, $107,781 80 

Risks and Premiums. 

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

Risks outstanding Dec. 31,1902, $5,636,416 00 $94,262 78 $94,262 78 

Risks written during 1903, . 2,728,940 00 47,277 38 47,277 38 



Total, $8,365,356 00 $141,540 16 $141,540 16 

Risks expired and terminated, . 2,468,843 00 40,791 89 40,791 89 



In force at end of year, . . $5,896,513 00 $100,748 27 $100,748 27 
Amount reinsured, . . . 159,854 00 1,988 45 1,988 45 



Net amount in force, . . $5,736,659 00 $98,759 82 $98,759 82 

Miscellaneous. 

Losses incurred during the year, $19,543 00 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 

* Value of land, $2,350; buildings, $1,000; insurance thereon, $2,000. 



SALEM MUTUAL FIRE INSURANCE CO. 



69 



Schedule A. 

Slocks and Bonds owned by the Company. 



Fitchburg R.R. bonds, 
Boston & Lowell R.R. bonds, 
Boston & Maine R.R. bonds, 
Boston & Albany R.R. bonds, 
Maine Central R.R. bonds, 
Illinois Central R.R. bonds, 
Eastern R.R. bonds, . 
Chicago, Burlington & Quincy R.R 
Old Colony R.R. bonds, . 
Quincy (111.) city bonds, . 
Cranston (R. I.) town bonds, 
Columbus (Ohio) city bonds, 
Fall River city bonds, 
Haverhill city bonds, 
Marlborough city bonds, 
Chelsea city bonds, . 
Toledo (Ohio) city bonds, 
Cincinnati city bonds, 
Chicago city bonds, . 
Medford city bonds, . 
Salem city bonds, 
Lynn city bonds, 
Meriden (Conn ) town bonds, 
Somerville (Mass.) city bonds, 
New Bedford city bonds, 
Minneapolis city bonds, 
Northampton city bonds, 
Woburn city bonds, . 
Brockton city bonds, . 
Peabody town bonds, 
Pittsburgh (Pa.) city bonds, 
New Britain (Conn.) city bonds, 
Stoneham town bonds, 
Cook County (111.) bonds, 
Waltham (Mass.) city bonds, 
Massachusetts State bonds, 
Boston city bonds, 
Wilkesbarre (Pa.) city bonds, 
Plymouth town bonds, 
Swampscott town bonds, . 
West End Street R'y bonds, 
Milwaukee city bonds, 
Stamford (Conn.) city bonds, 
9 shares Boston & Maine R.R 
15 " Salem Gas Light Co. 



bonds, 



Book Value. 

$3,225 00 
3,115 
1,017 
1,052 
2,137 
3,680 
2,220 
1,037 
2,107 
2,130 
1,050 
4,211 
4,315 
1,120 
1,092 
2,170 
2,108 
1,000 
3,125 
1,060 
2,941 
4,115 
1,047 
2,102 
2,152 
1,122 
1,020 
3,056 
3,142 
1,020 
2,041 
4,166 
2,075 
2,037 
1,060 
3,300 
5,341 
1,031 
5,115 
2,060 
1,065 
1,093 
1,051 
900 
1,500 



89 

50 

50 

50 

00 

00 

50 

50 

00 

00 

25 

00 

00 

50 

00 

89 

00 

00 

00 

25 

00 

80 

50 

50 

50 

00 

25 

50 

00 

39 

73 

00 

50 

00 

00 

25 

70 

45 

00 

00 

75 

25 

00 

00 



Market Value. 

00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$3,125 
3,160 
1,090 
1,035 
2,050 
3,420 
2,095 
925 
2,070 
2,120 
1,040 00 
4,035 00 
4,100 
1,065 
1,025 
2,060 
2,080 
1,005 
3,165 
1,050 00 
2,863 75 
4,030 
1,000 
2,030 
2,080 
1,080 
1,000 
3,000 
3,025 
1,000 
1,960 
4,130 
2,000 
2,000 
1,010 
3,070 00 
5,087 50 
1,000 
5,085 
2,050 
1,050 
1,035 
1,000 
1,533 
2,662 



00 
00 
00 
00 
00 
00 
00 



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



00 
00 
00 
00 
00 
00 
00 
50 



,535 35 $97,496 75 



70 SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, MARLBOROUGH. 

[Incorporated May 18, 1855. Commenced business June 15, 1855.] 
W. C JEWETT, President. . E. D. HOWE, Secretary. 

[Note. — Policies are issued for one, three and five years, twenty-five per cent, of the 
premium notes being received in cash at the time of issuing the policy. The notes are 
assessed as necessity requires. No cash fund is accumulated.] 

Income 

Net premiums, $6,570.93; extra premiums, $29.23, . . $6,600 16 

Interest 84 82 

Policy fees ' 13 00 

From all other sources, 13 16 

Total income, $6,711 14 

Ledger assets, Dec. 31, 1902, 3,234 83 

Total, . $9,945 97 

Disbursements. 

Net amount paid for losses, $2,999 73 

Commissions or brokerage, 955 61 

Salaries, fees, etc., of officers and employees, .... 600 00 

Taxes and fees, 51 22 

All other disbursements, 621 69 

Total disbursements, . $5,228 25 

Balance, $4,717 72 

Ledger Assets. 

Cash in banks and office, $3,822 24 

Agents' balances, 895 48 

Total ledger assets, $4,717 72 

Non-Ledger Assets. 

Furniture, fixtures, safes, stationery and all other supplies, . 168 00 

Gross assets, $4,885 72 

Assets not admitted. 

Furniture, fixtures, safes, stationery and all 

other supplies, $168 00 

Agents' balances over three months due, . . 235 64 

Total unadmitted assets, .... 403 64 

Total admitted assets, $4,482 08 



SAUGUS MUTUAL FIRE INSURANCE CO. 71 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $747,153 00 $6,814 72 $27,258 8* 

Risks written during 1903, . 790,292 00 7,240 76 28,963 04 



Total $1,537,445 00 $14,055 48 $56,22192 

Risks expired and terminated, . 134,332 00 1,287 60 5,150 40 



In force at end of year, . . $1,403,113 00 $12,767 88 $51,07152 

Miscellaneous. 
Losses incurred during the year, $3,000 00 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary. 

[Note. — This company insures nothing but dwellings, farm buildings and their con- 
tents, in Lynn, Saugus, Lynnfleld, 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, . $16 66 

Assessments, 2,971 65 

Policy fees, 551 00 

Total income, $3,539 31 

Ledger assets, Dec. 31, 1902, 943 22 

Total, $4,482 53 

Disbursements. 

Net amount paid for losses, $284 10 

Salaries, fees, etc., of officers and employees, . . . . 1,4<»0 00 

Rents, 150 00 

Taxes 32 95 

All other disbursements, 139 49 

Total disbursements, $2,006 54 

Balance, $2,475 99 

Ledger Assets. 

Cash in banks and office, $2,475 99 

Non-Ledger Assets. 

Unpaid assessments, 207 60 

Gross assets, $2,683 59 



72 SOUTH DAN VERS MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31,1902, . . . $2,716,225 00 $343,398 00 



Risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 



Miscellaneous 



932,095 00 118,549 00 



53,648,320 00 $461,947 00 
962,175 00 121,274 00 



Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, . 2,958 00 



1,686,145 00 $340,673 00 



$284 00 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 
G. HORACE MERRILL, President. FRANK TAYLOR, Secretary. 

Amount of permanent fund, $33,697 05 

Income. 

Net premiums, .... $2,738 49 

Interest on stocks and bonds, $1,163.50; all other, $2.56, . 1,166 06 

Policy fees, 108 00 

From all other sources, . 4 84 

Total income, $4,017 39 

Ledger assets, Dec. 31, 1902, 34,203 62 

Total, $38,221 01 

Disbursements. 

Net amount paid for losses, $1,055 00 

Profits on terminated policies, 2,686 94 

Salaries, fees, etc., of officers and employees, .... 954 00 

Rents, 120 00 

Taxes and fees, 23 12 

Loss on sale or maturity of ledger assets, .... 2,845 81 

All other disbursements, 115 03 

Total disbursements, . . • $7,799 90 

Balance, $30,421 11 

Ledger Assets. 

Stocks and bonds (schedule A), $26,196 42 

Cash in banks and office, 4,224 69 

Total ledger assets $30,421 11 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 



73 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $ 165 ; other assets, $ 150, . 
Market value of stocks and bonds over book value, 



315 00 

784 58 



Gross assets, 



$31,520 69 



Liabilities. 

Unearned premiums on outstanding risks, .... $11,511 19 

Dividends due policy holders, . . . . . . 369 75 

Salaries and other miscellaneous expenses, due or accrued, . 85 50 

All liabilities, except surplus, $11,966 44 

Surplus, 19,554 25 

Total liabilities, $31,520 69 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1902, $1,134,993 00 



Risks written during 1903, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 



161,375 00 

$1,296,368 00 
165,010 00 

$1,131,358 00 
3,000 00 



Net amount in force, . 



Miscellaneous. 



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

$24,092 85 $72,278 55 



3,254 44 

$27,347 29 
3,339 64 

$24,007 65 
15 00 



$1,128,358 00 $23,992 65 



Losses incurred during the year, .... 
Profits or surplus returned during 1903, 100 per cent. 



9,763 32 

$82,041 87 
10,018 92 

$72,022 95 
45 00 

$71,977 95 
$1,055 00 



Schedule A. 
Slocks and Bonds owned by the Company. 



Providence, R. I., city bonds, . 

Boston & Maine R.R. bonds, 

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

20 shares Warren National Bank, Peabody, 



20 

12 

4 

4 

1 

20 

20 

2 

15 
50 



Naumkeag National Bank, Salem, 
First N'l B% Salem (in liquidate) 
State National Bank, Boston, . 
Andover National Bank, Andover, 
Cape Ann Nat'l Bank, Gloucester, 
Naumkeag Steam Cotton Co., 
Androscoggin Mills, . 
Nashua Manufacturing Co , 
N. Y., N. H. & Hartford R.R., 
Pennsylvania R.R , . 



Book Value. 

$4,184 44 
3,084 
2,094 
2,000 
2,000 

600 

560 

400 

150 
2,045 00 
2,000 00 

960 00 
3,168 75 
2,949 36 



50 
37 
00 
00 
00 
00 
00 
00 



Market Value. 

$4,290 00 
3,292 
1,960 
2,425 
2,630 

600 

581 

440 

147 



50 
00 
00 
00 
00 
50 
00 
00 



1,000 00 



2,525 
1,175 
2,940 
2,975 



00 
00 
00 
00 



$26,196 42 $26,981 00 



74 traders' and mechanics' mutual FIRE INSURANCE CO. 



TRADERS' 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, $169,888. 14 ; extra premiums, $991.49, . . $170,879 63 
Interest on mortgage loans, $4,499.42; stocks and bonds, 

$7,759; allother, $14,130.67, 26,389 09 

Rents, 1,553 27 

Profit on sale or maturity of ledger assets, .... 8,949 55 

From all other sources, 664 35 



Total income, $208,435 89 



Ledger assets, Dec. 31, 1902, 
Total, .... 



598,028 42 



,464 31 



Disbursements. 

Net amount paid for losses, . . . . . . . $56,179 09 

Profits on terminated policies, 78,570 94 

Commissions or brokerage, 25.424 80 

Salaries, fees, etc., of officers and employees, .... 25,169 29 

Rents, 1,696 00 

Repairs and expenses on real estate, ..... 468 00 

Real estate taxes, $351.25 ; other taxes and fees, $2,172.28, . 2,523 53 

Total disbursements, $190,031 65 



Balance, $616,432 66 

Ledger Assets. 

Real estate, $14,250; mortgages,* $75,311.60, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 

Office premiums in course of collection, . 



1,561 60 

12,350 00 

470,900 00 

26,188 06 

16,237 99 

1,195 01 



Total ledger assets, $616,432 66 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,795.67 ; bonds, $1,487.50; collateral loans, 

$143.62 3,426 79 

Market value of stocks and bonds over book value, . . 59,959 25 



Gross assets, 



579,818 70 



* Value of land, $81, 450; buildings, $84,250; insurance thereon, $66,S00. 



traders' and mechanics' mutual FIRE INSURANCE CO. 75 



Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 



$1,100 00 

311,875 22 

4,172 33 

2,434 20 



All liabilities, except surplus, $319,081 75 

Surplus, 360,736 95 



Total liabilities, 



,818 70 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $40,841,243 00 $612,303 89 $612,303 89 

Risks written during 1903, . 11,910,030 00 181,033 40 181,033 40 



Total $52,751,273 00 $793,337 29 $793,337 29 

Risks expired and terminated, . 12,092,361 00 186,260 12 186,260 12 



In force at end of year, 



,658,912 00 $607,077 17 



,077 17 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 40 and 60 per cent. 



$57,279 00 



Schedule A. 
Securities held as Collateral. 



Market Value. Loaned Thereon. 



35 shares Tremont & Suffolk Mills, 
145 " Mass. Electric Co., . 
10 " Merrimack Manufacturing Co., 
30 " Putnam & Son Co., 
12 " New England Telephone & Tel. Co., 



Schedule B. 



53,000 00 

7,507 00 

880 00 

3,000 00 

1,500 00 



Stocks and Bonds owned by the Company. 



Andover town bonds, 

Boston city bonds, 

Boston & Maine R.R. bonds, 

Fitchburg city bonds, 

Fitchburg R.R bonds, 

Holyoke city bonds, . 

Illinois Central R.R. bonds, 

Long Island R.R. bonds, . 

Long Island & Flushing R.R. bond, 

Massachusetts State bonds, 

Maiden sewer bonds, 

Marlborough water bonds, 

Marblehead water bonds,. 

Ogdensburg & Lake Champlain R.R. bonds, 



Book Value. 

$15,000 00 
20,000 00 
20,000 00 
10,000 00 
15,000 00 
15,000 00 
45,000 00 
10,000 00 
1,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 



$3,000 00 

4,200 00 

800 00 

3,000 00 

1,350 00 



$15,887 00 $12,350 00 



Market Value. 

$16,125 00 
21,150 00 
24,400 00 
10,750 00 
16,200 00 
16,275 00 
44,025 00 
10,600 00 
1,080 00 
24.406 25 
10,800 00 
10,700 00 
10,650 00 
20,000 00 



76 WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO. 



Rutland Canadian R.R. bonds, . 
Quincy (111.) city bonds, . 
New England R.R. bonds, 
Maine Central R.R. bonds, 
West End Street Railway bonds, 
Chicago sanitary bonds, . 

35 shares Bigelow Carpet Co , 
4 ' 
2 ' 

50 ' 
370 ' 

80 ' 

68 ' 
176 ' 

15 ' 

50 ' 
100 - 

25 ' 
200 
200 



Boott Cotton Mills, 
Hamilton Manufacturing Co., 
Lawrence Gas Company, 
Lowell Gas Company, 
Massachusetts Cotton Mills, . 
Massachusetts Cotton Mills, Ga., 
Merrimack Manufacturing Co., 
Middlesex Mills, . 
Tremont & Suffolk Mills, 
Old Lowell National Bank, . 
Vermont & Mass. R.R , . 
Mass. Electric Co., . 
Mass. Gas Co., 



Book Value. 


Market Value. 


f20,000 00 


$20,000 00 


12,000 00 


12,360 00 


10,000 00 


13,100 00 


20,000 00 


20,700 00 


20,000 00 


21,000 00 


20,000 00 


20,800 00 


3,500 00 


3,535 00 


4,000 00 


2,300 00 


2,000 00 


1,500 00 


5,000 00 


6,500 00 


37,000 00 


88,800 00 


8,000 00 


7,200 00 


6,800 00 


6,664 00 


17,600 00 


16,280 00 


1,500 00 


1,290 00 


5,000 00 


5,000 00 


10,000 00 


11,200 00 


2,500 00 


4,075 00 


20,000 00 


15,400 00 


20,000 00 


16,000 00 


$470,900 00 


$530,865 25 



WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE 
COMPANY, SPRINGFIELD. 

[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.] 
CHARLES E. STICKNEY, President. NORMAN A. BRAINARD, Secretary. 

Income. 

Net premiums, $18 00 

Ledger assets, Dec. 31, 1902, 1,011 75 

Total, $ 1,029 75 



Disbursements. 

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

Legal expenses, . .... 

Total disbursements, . . . 

Balance 



$605 00 

18 

53 92 

$659 10 

$370 65 



Ledger Assets. 



Cash in banks and office, 



$370 65 



Liabilities. 

Unearned premiums on outstanding risks, 
Surplus, 



$9 00 
361 65 



Total liabilities, 



$370 65 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 77 



Risks and Premiums. 

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

Risks outstanding; Dec. 31,1902, $500 00 $2 50 $7 50 

Risks written during 1903, . 1,200 00 18 00 54 00 

Total, .... 

Risks expired and terminated, . 

In force at end of year, . . $1,200 00 $18 00 $54 00 



$1,700 00 
500 00 


$20 50 
2 50 


$61 50 

7 50 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, 

WEST NEWBURY. 

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

RICHARD NEWELL, President. . MYRON H. GOODWIN, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on 
deposit notes to pay losses and expenses.] 

Income. 

Assessments, $566 67 

Policy fees, 112 50 

Borrowed money, 2,850 00 

Total income, $3,529 17 

Ledger assets, Dec. 31, 1902, 298 56 

Total, $3,827 73 

Disbursements. 

Net amount paid for losses, $2,000 03 

Commissions or brokerage, 27 83 

Salaries, fees, etc., of officers and employees, .... 446 25 

Rents, 17 00 

Taxes and fees, 9 33 

Borrowed money repaid, 1,000 00 

Interest, 107 98 

All other disbursements, 77 71 

Total disbursements, $3,686 13 

Balance, $141 60 

Ledger Assets. 

Cash in banks and office, $141 60 

Non-Ledger Assets. 

Unpaid assessments and policy fees, 1 7 97 

Furniture, fixtures and safes, 75 00 

Gross assets, $234 57 



78 WHITING MUTUAL INSURANCE CO. 



Assets not admitted. 
Furniture, fixtures and safes, $75 00 



Total admitted assets, $ 159 57 

Liabilities. 

Interest due or accrued, 

Salaries and other miscellaneous expenses, due or accrued, . 
Borrowed money, 

Total, $4,424 24 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1902, . . . $1,605,987 00 $104,374 76 



$56 74 


217 


50 


4,150 


00 



Risks written during 1903, 

Total, 

Risks expired and terminated, . 



In force at end of year, 



Miscellaneous 



244,030 00 17,993 95 



.,850,017 00 $122,368 71 
316,112 00 19,532 58 



Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, . 4,854 00 



:,533,905 00 $102,836 13 



$1,999 00 



WHITING MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Nov. 9, 1898. Commenced business Jan. 1, 1899.] 
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary. 

31 Milk Street. 

Income. 

Net premiums, $22,208 47 

Interest on bonds, 1,330 10 



Total income, $23,538 57 

Ledger assets, Dec. 31, 1902, 33,762 81 

Total, $57,301 38 

Disbursements. 

Net amount paid for losses, $13,314 50 

Profits on terminated policies, • . 5,644 71 

Salaries, fees, etc., of officers and employees, .... 1,451 99 

Taxes and fees, 171 39 

All other disbursements, 758 48 

Total disbursements, $21,341 07 

Balance, $35,960 31 



WHITING MUTUAL INSURANCE CO. 



79 



Ledger Assets. 

Bonds (schedule A), f 28,000 00 

Cash in banks and office, 6,341 99 

Premiums in course of collection, 1,618 32 

Total ledger assets, $35,960 31 

Non-Ledger Assets. 

Interest accrued on bonds, 510 70 

Gross assets, $36,471 01 

Assets not admitted. 

Depreciation in book value of bonds, 940 00 

Total admitted assets, $35,53101 

Liabilities. 

Unpaid losses $425 00 

Unearned premiums on outstanding risks, .... 28,820 79 

Taxes, 47 88 

All liabilities, except surplus, $29,293 67 

Surplus, 6,237 34 

Total liabilities, $35,531 01 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $5,728,671 00 $53,499 33 $106 998 66 

Risks written during 1903, . 3,965,539 00 21,307 32 42,614 64 

Total $9,694,210 00 $74,806 65 $149,613 30 

Risks expired and terminated, . 2,273,86100 11,550 87 23,10174 

In force at end of year, . . $7,420,349 00 $63,255 78 $126,51156 

Amount reinsured, . . . 451,382 00 1,155 56 2,31112 

Net amount in force, . . $6,968,967 00 $62,100 22 $124,200 44 

Miscellaneous. 

Losses incurred during the year, $13,740 00 

Profits or surplus returned during 1903, 60 and 75 per cent. 

Schedule A. 

Bonds owned by the Company. 

Book Value. Market Value. 

Chicago Terminal Transfer R.R. Co. bonds, . $5,000 00 $4,000 00 

American Bell Telephone Co. bonds, . . 5,00<> 00 4,900(0 

New England Tel & Telegraph Co. bonds, . 4,000 00 4,360 00 

American Telephone & Telegraph Co. bonds, 6,000 00 5,640 00 

Western Union Telegraph Co. bonds, . . 8,000 00 8,160 00 

$28,000 00 $27,060 00 



80 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE 
COMPANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.J 
WALDO E. BUCK, President. CHARLES S. BACON, Secretary. 

Income. 

Net premiums, $508,832 40 

Interest on stocks and bonds, $18,166.95 ; all other, $1,813.54, 19,980 49 

Premiums paid in advance, 163 13 

Total income, $528,976 02 

Ledger assets, Dec. 31, 1902, 456,968 47 

Total, $985,944 49 

Disbursements. 

Net amount paid for losses, $26,859 25 

Profits on terminated policies, 404,915 87 

Salaries, fees, etc., of officers and employees, .... 10,221 30 

Rents, 1,000 00 

Taxes and fees, 5,439 56 

Loss on sale or maturity of ledger assets, .... 25 00 

Profit and loss, . 519 10 

Inspections, etc., 7,942 92 

All other disbursements, 1,745 62 

Total disbursements, $458,668 62 

Balance, $527,275 87 

Ledger Assets. 

Stocks and bonds (schedule A), $462,799 32 

Cash in banks and office, 58,838 82 

Premiums in course of collection, 5,637 73 

Total ledger assets $527,275 87 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 7,154 00 

Market value of stocks and bonds over book value, . . 12,594 68 

Gross assets, $547,024 55 

Liabilities. 

Unpaid losses $4,360 63 

Unearned premiums on outstanding risks, .... 252,035 18 

Premiums paid in advance, 163 13 

Taxes on net premiums, 1,516 57 

All liabilities, except surplus, $258,075 51 

Surplus, 288,949 04 



r p 



Total liabilities, $547,024 55 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 81 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1902, $54,778,889 00 
Risks written during 1903, . 66,737,224 00 



Total $121,516,113 00 

Risks expired and terminated, . 58,417,668 00 



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

|432,682 60 $2,163,413 00 
531,440 52 2,657,202 60 



$964,123 12 $4,820,615 60 
460,052 75 2,300,263 75 



In force at end of year, 



. $63,098,445 00 $504,070 37 $2,520,351 85 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 92.57 per cent. 



,981 00 



100 

52 

100 

200 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

30 shares City N'l B'k, Worces., (in liquid'n), $1,200 00 $1,200 00 

100 » Connecticut River R.R., . . . 25,000 00 27,500 00 

• Norwich & Worcester R.R., . . 10,700 00 11,544 00 

• Union Pacific R.R., .... 7,700 00 8,700 00 
1 Northwestern Tel. Co., . . . 12,487 50 12,000 00 

Concord & Montreal R.R. bonds, . . . 20,000 00 20,800 00 

Boston & Lowell R.R. bonds, .... 20,00000 21,20000 

Chicago, Burlington & Quincy R.R. bonds, . 20,000 00 20,000 00 

Chicago & E. Illinois R.R. bonds, . . . 15,000 00 15,900 00 

West End Street Railway bonds, . . . 20,000 00 20,800 00 

Chic, Rock Island & Pacific R.R. bonds, . . 8,912 50 6,900 00 

Rutland RR. bonds, 10,000 00 10,100 00 

Old Colony R.R. bonds 15,000 00 15,900 00 

Fitchburg R R. bonds 15,000 00 16,050 00 

Boston & Maine R.R. bonds, .... 20,000 00 23,200 00 

Union Pacific Railroad bonds, .... 14,730 00 14,600 00 

Oregon Short Line R.R. bonds, . . . 14,494 32 14,850 00 

Oregon R.R. & Navigation Co. bonds, . . 10,000 00 10,000 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 15,000 00 15,000 00 

American Bell Telephone Co. bonds, . . 25,000 00 24,500 00 

American Tel. & Telegraph Co. bonds, . . 9,800 00 9,400 00 

Central 11 R. of New Jersey bonds, . . . 10,000 00 13,000 00 

Ogdensburg & Lake Champlain R'y bonds, . 10,000 00 10,000 00 

Wisconsin Central R'v bonds, .... 9,200 00 8,900 00 

Chic June. R'y & Union Stock Y'd Co. bonds, 6,000 00 6,300 00 

Rio Grande Western R'y bonds, . . . 10,000 00 9,500 00 

Toronto, Hamilton & Buffalo R'y bonds, . . 4,887 50 4,700 00 

Erie Railroad bonds, 9,400 00 8,900 00 

Cincin , Richmond & Muncie R.R. bonds, . 10,000 00 10,800 00 

Chicago & Cincinnati R.R. bonds, . . . 5,000 00 5,400 00 

Boston & Albany R.R. bonds, .... 15,000 00 15,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 14,456 25 14,100 00 

Cincinnati & Indiana Western R.R. bonds, . 5,300 00 5,400 00 

Northern Pacific & Gt. Northern R.R. bonds, . 23,531 25 23,250 00 

Boston & Lowell R.R. bonds, .... 20,000 00 20,000 00 



$462,799 32 $475,394 00 



82 



AVORCESTER MUTUAL FIRE INSURANCE CO. 



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, 



Income. 



Net premiums, f 156,978. 22 ; extra premiums, $721.44, . 
Interest on mortgage loans, $14,707.26 ; collaterals, $301.05 ; 
stocks and bonds, $15,290.82 ; all other, $191.92, 

Rents, 

Profit on sale or maturity of ledger assets, . 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



Total, 



$420,000 00 

$157,699 66 

30,491 05 
8,470 34 
4,144 94 

$200,805 99 
789,888 09 

,694 08 



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, $2,967.41 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



!,230.90, 



Total disbursements, 



$38,590 81 

95,941 00 

22,243 06 

15,397 94 

1,128 03 

5,198 31 

1,369 51 

5,850 89 

$185,719 55 



Balance, $804,974 53 



Ledger Assets. 

Real estate, $100,000 ; mortgages,* $289,281, . 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents 1 balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $6,359.07; stocks and bonds, $4,821.61 ; col- 
lateral loans, $125.35 ; other assets, $30.38, 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 

Gross assets, . . . 



$389,281 00 

5,450 00 

358,000 00 

30,975 24 

21,268 29 

$804,974 53 



11,336 41 

701 07 

28,570 00 

$845,582 01 



* Value of land, $175,100; buildings, $406,700; insurance thereon, $309,550. 



WORCESTER MUTUAL FIRE INSURANCE CO. 



83 



Liabilities. 



Unpaid losses, 

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



$4,000 00 

316,273 16 

17,309 45 

749 00 



All liabilities, except surplus, $338,331 61 

Surplus, 507,250 40 



Total liabilities $845,582 01 



Risks^and Premiums. 

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

Risks outstanding Dec. 31, 1902, $44,338,417 00 $619,121 02 $619,121 02 

Risks written during 1903, . 11,735,994 00 163,402 26 163,402 26 



Total, . . . .$56,074,411 00 $782,523 28 $782,523 28 

Risks expired and terminated, . 11,769,316 00 167,672 27 167,672 27 



In force at end of year, 



.$44,305,095 00 $614,851 01 $614,851 01 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 25, 50 and 70 per cent. 



$34,276 00 



Schedule A. 

Securities held as Collateral. 



60 shares Howard Bros. Manufacturing Co., 
Mechanics' Savings Bank book, 



Schedule B. 



Market Value. Loaned Thereon. 

$6,000 00 $5,000 00 
1,114 15 450 00 



r ,114 15 



Stocks and Bonds owned by the Company. 



Boston & Maine R.R. bonds, 

Boston & Albany Railroad bonds, . 

Cincin., Hamilton & Dayton R.R. bonds, 

Portland & Rumford Falls R.R. bonds, 

Fitchburg R.R. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Worcester, Nashua & Rochester R.R. bonds, 

Maine Central R.R. bonds, 

West End Street Railway bonds, 

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

Illinois Central R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

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

Boston & Lowell R.R. bonds, . 

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

Concord & Montreal R.R. bonds, 

Cincinnati, Rich. & Muncie R.R. bonds, . 



Book Value. 

$15,000 00 

15,000 00 

12,000 00 

27,000 00 

25,000 00 

20,000 00 

8,000 00 

5,000 00 

6,000 00 

20,000 00 

26,000 00 

15,000 00 

5,000 00 

50,000 00 

10,000 00 

15,000 00 

10,000 00 



►,450 00 



Market Value. 

$17,200 00 
15,700 00 
13,440 00 
27,540 00 
27,500 00 
21,800 

8,380 

5,500 

6,300 
22,000 00 
26,000 00 
15,000 

5,400 
50,000 
10,600 
16,050 
10,900 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



84 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Chicago & Cincinnati R.R. bonds, . 
Toledo, Walhomeding Valley & Ohio R.R. b'ds, 
Chicago & Western Indiana R.R. bonds, 
Pere Marquette & Indiana R.R. bonds, 
South Shore & Boston R.R. bonds, . 
85 shares Worcester National Bank, 
45 " Quinsigamond National Bank, 
15 " Blackstone National Bank, 
45 " City National Bank,* 
50 " Citizens' National Bank,* . 
Balance on 22 shares Central National Bank 
absorbed by Wor. Safe Dep. and Trust Co., . 



Book Value. 

$ 10,000 00 
20,000 00 
10,000 00 
5,000 00 
5,000 00 
8,500 00 
4,500 00 
1,500 00 
4,500 00 
5,000 00 



Market Value. 

$10,900 00 

20,400 00 

10,000 00 

5,000 00 

5,500 00 

16,150 00 

6,525 00 

1,500 00 

5,625 00 

5,000 00 

660 00 



$358,000 00 $386,570 00 



* Now absorbed by Worcester Safe Deposit and Trust Co. 



AGGREGATE. 



85 



AGGREGATE. 



Guaranty capital, 
Admitted assets, 
Liabilities, 



Assets. 
Liabilities. 



Income. 
Cash received for premiums during the year, 
for interest and dividends, . 
for assessment on deposit notes, 
for rents, .... 
from all other sources, . 



Total income, 



Disbursements. 

Cash paid for losses, 

for brokerage and commissions on premiums, 
for salaries and fees of officers and employees, 
for State and local taxes, . 

for rents, 

for return of profits or surplus, . 
for dividends on guaranty capital, 
for all other disbursements, 

Total disbursements, 

General Items. 

Risks outstanding at end of year, 

Amount of contingent premiums received thereon, 
of losses incurred during the year, 
of permanent fund, .... 



$100,000 



812,940,894 



1,474,339 



$7,305,148 

456,237 

7,975 

46,422 

38,251 

$7,854,033 



$1,193,109 

364,914 

337,700 

95,020 

24,223 

4,641,752 

7,000 

335,000 

$6,998,718 



.,092,028,154 

32,192,470 

1,231,355 

4,061,424 



86 CHINA MUTUAL INSURANCE CO. 



MASSACHUSETTS MUTUAL FIRE-MARINE INSURANCE 

COMPANIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced lousiness Oct. 1, 1853.] 
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Kilby Street. 

Income. 

Net marine premiums, $ 293,821 25 

Interest on stocks and bonds, $6,210.80; all other, $676.14, . 6,886 94 

From all other sources, 8,684 85 

Total income, . • f 309,393 04 

Ledger assets, Dec. 31, 1902, 305,190 74 

Total, $614,583 78 

Disbursements. 

Net amount paid for marine losses, $257,346 91 

Interest paid scrip holders, 15,184 95 

Commissions or brokerage, 20,586 15 

Salaries, fees, etc., of officers and emploj^ees, .... 20,875 00 

Rents, 3,650 00 

Taxes and fees, 2,122 74 

Loss on ledger assets, 14,408 75 

All other disbursements, 5,932 26 

Total disbursements, $340,106 76 

Balance, $274,477 02 

Ledger Assets. 

Stocks, bonds, etc. (schedule A), $167,752 00 

Cash in banks and office, 23,246 33 

Agents 1 balances, 38,438 74 

Bills receivable, 45,039 95 

Total ledger assets, $274,477 02 

Non-Ledger Assets. 

Salvage, 6,000 00 

Gross assets $280,477 02 



CHINA MUTUAL INSURANCE CO. 



87 



Assets not admitted. 



Agents' balances over three months due, 
Bills receivable, past due, 

Total unadmitted assets, . 

Total admitted assets, 



$162 75 
427 50 


$590 25 




. . • 


$279,886 77 



Liabilities. 

Unpaid losses, including $3,000 resisted, $68,050 ; less rein 

surance, $21,700, 

Unearned premiums on outstanding risks, 

Unpaid scrip ordered to be redeemed, .... 

Interest due or accrued, , . 

Commissions and other charges due agents and brokers, 
Due for return premiums, $1,000 ; reinsurance, $1,500, . 
Balance due Baring Bros. & Co., 



All liabilities, except scrip and surplus, . 
Surplus to policy holders, . 
Scrip outstanding not ordered to be redeemed, 
Impairment of scrip reserve, .... 



,787 18 



$46,350 00 

120,064 29 

60 00 

223 80 

2,500 00 

2,500 00 

7,401 50 

$179,099 59 

506,090 00 

405,302 82 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 



Risks and Premiums. 

Premiums. 

. $9,636,841 00 $231,876 20 
. 23,965,417 00 370,739 31 



Total, .... 
Risks expired and terminated, 

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

Net amount in force, . 



. $33,602,258 00 $602,615 51 
. 25,253,133 00 386,761 22 



5,349,125 00 $215,854 29 
261,258 00 11,357 96 



1,087,867 00 $204,496 33 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine losses incurred during the year, . 



$19,333,462 00 

. 13,788,334 00 

255,474 00 



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



500 shares N. Y., N. H. & Hartford R.R 
200 " Boston & Albany R.R., . 

10 " Underwriters 1 Salvage Co., 
Atlantic Mutual Insurance Co. scrip, 
Boston & Maine R.R. bonds, . 



Book Value. 

$98,000 00 

49,000 00 

1,000 00 

4,752 00 

15,000 00 



Market Value. 

$98,000 00 

49,000 00 

1,000 00 

4,752 00 

15,000 00 



$167,752 00 $167,752 00 



88 INDIA MUTUAL INSURANCE CO. 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 2, 1867.] 

Guaranty Fund paid up in Notes, $150,000. 

H. B. ALDEN, President. GEO. H. CROWELL, Secretary. 

Office, 72 Kilby Street. 

Income. 

Net fire premiums, $124,501 46 

Interest on stocks and bonds, ....... 4,535 92 

Total income, $129,037 38 

Ledger assets, Dec. 31, 1902, 251,897 30 

Total, $380,934 68 

Disbursements. 

Net amount paid for fire losses, $55,913 09 

Paid subscribers, . 5,000 00 

Interest and dividends to scrip holders, 6,125 09 

Commissions or brokerage, 31,740 14 

Salaries, fees, etc., of officers and employees, .... 7,489 75 

Rents 1,500 00 

Taxes and. fees, 1,366 44 

All other disbursements, 3,470 15 

Total disbursements, $112,604 66 

Balance, $268,330 02 

Ledger Assets. 

Stocks and bonds (schedule A), $90,590 63 

Cash in banks and office, . 11,499 11 

Agents' balances, 16,240 28 

Subscription notes on time not exceeding twelve months not • 

yet due, 150,000 00 

Total ledger assets, $268,330 02 

Non-Ledger Assets. 

Market value of stocks and bonds over book value, . . 20,019 37 

Gross assets, $288,349 39 

Assets not admitted. 

Agents' balances over three months due, . . . . 2,111 60 

Total admitted assets, $286,237 79 



INDIA MUTUAL INSURANCE CO. 



89 



Liabilities. 

Unpaid losses, . . . ... 

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

Salaries and other miscellaneous expenses, due or 
Due for reinsurance, 



accrued, 



All liabilities, except guaranty fund and surplus, . 
Surplus to policy holders, .... f 201,628 80 

Guaranty fund, 

Scrip outstanding not ordered to be redeemed, 

Impairment of scrip reserve, 



$7,406 


83 


76,013 


56 


863 


28 


176 


19 


149 


13 


$84,608 99 


150,000 00 


150,471 


00 


98,842 


20 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $8,960,377 00 $121,218 15 
. 11,565,273 00 147,341 54 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



,525,650 00 $268,559 69 
9,494,166 00 119,602 56 



.$11,031,484 00 $148,957 13 
279,732 00 3,225 22 



,751,752 00 $145,731 91 



Miscellaneous. 

Premiums received from organization of company, . . $4,045,134 00 
Losses paid from organization of company, .... 2,846,388 00 

Fire losses incurred during the year 57,807 00 

Cash dividends declared from organization of company, . 128,960 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Chicago, Burlington & Quincy R.R. bonds, 

150 shares Old Colony Railroad, 

100 " Boston & Maine R R., . 

125 " West End St. R'y, . 

110 " N. Y., N. H. & Hartford R.R., 
25 " Fitchburg R.R., 
10 " Boston & Albany R.R., . 
25 " Pullman Co., .... 
10 " Southern Oregon Co., 
60 American Telegraph & Tel. Co., 



Company's own scrip, 



$5,801 00 



Book Value. 

$9,233 75 
18,750 00 
14,550 00 

9,872 75 
20,376 88 

2,383 25 

2,116 

3,240 
843 

9,225 



00 
00 
00 
00 



Market Value. 

$9,150 00 
30,000 00 
16,800 
13,750 
21,505 

3,400 

2,450 

5,475 
340 

7,740 



00 
00 
00 
00 
00 
00 
00 
00 



190,590 63 $110,610 00 



90 



AGGREGATE. 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 
Whole amount of outstanding scrip not cancelled, 



Admitted assets, 



Liabilities, 



Assets. 



Liabilities. 



Income. 
Cash actually received for fire premiums, . 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, .... 



Total income, 



Disbursements. 

Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
for brokerage and commissions on premiums, 
for salaries and pay of officers and employees, 

for rents, 

for State and local taxes, 

for office agency and incidental expenses, 

Interest paid scrip holders, .... 

Loss on ledger assets, 

Paid subscribers, 

Total disbursements, .... 

Miscellaneous. 
Fire risks outstanding at end of year, . 
Marine risks outstanding at end of year, 
Fire losses incurred during the year, . 
Marine losses incurred during the year, 



|150,000 
656,561 



$566,125 
$263,709 



$124,501 

293,821 

11,423 

8,685 



$438,430 



$55,913 

257,347 

52,326 

28,365 

5,1,50 

3,489 

9,402 

21,311 

14,409 

5,000 



1452,712 



,751,752 

8,087,867 

57,807 

255,474 



AMERICAN INSURANCE CO. 91 



MASSACHUSETTS JOINT-STOCK FIRE, MARINE AND 
FIRE-MARINE INSURANCE COMPANIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June 18, 1818.] 

Paid-up Capital, $300,000. 

FRANCIS PEABODY, President. HENRY S. BEAN, Secretary. 

Office, 30 Kilbij Street. 

Income. 

Net fire premiums, $527,618 40 

Interest on mortgage loans, $550 ; stocks and bonds, $25,- 

457.40; all other, $866.71, 26,874 11 

Profit on sale or maturity of ledger assets, .... 46,782 50 

Additional receipts from liquidated bank stocks, . . . 270 00 

From all other sources, 50 00 

Total income, $601,595 01 

Ledger assets, Dec. 31, 1902, less commissions due, . . 631,338 60 

Total, $1,232,933 61 

Disbursements. 

Net amount paid for fire losses, $253,393 05 

Interest and dividends to stockholders, 21,000 00 

Commissions or brokerage, 132,397 59 

Salaries, fees, etc., of officers and employees, .... 19,622 78 

Rents, 2,140 00 

Taxes and fees 12,689 18 

All other disbursements, 41,840 41 

Total disbursements, $483,083 01 

Balance, $749,850 60 

Ledger Assets. 

Mortgages,* $32,000 00 

Stocks and bonds (schedule A), 632,628 75 

Cash in banks and office, 27,174 11 

Agents' balances, ; . . . 58,047 74 

Total ledger assets, $749,850 60 

* Value of land, $24,500; buildings, $42,500; insurance thereon, $39,000. 



92 



AMERICAN INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $246.94 ; stocks and bonds, $5,812.28, 
Market value of stocks and bonds over book value, 



Gross assets, 



$6,059 22 
82,025 75 

$837,935 57 



Liabilities. 

Unpaid losses, $37,585.39 ; less reinsurance, $6,277.45, . 
Unearned premiums on outstanding risks, 
Salaries and othej 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, . 



$425,158 80 



$31,307 94 

378,368 03 

1,790 85 

648 44 

661 51 

$412,776 77 

300,000 00 
125,158 80 



Total liabilities, 8837,935 57 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

.$58,277,569 00 $693,535 09 
. 52,872,372 00 677,160 12 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$111,149,941 00 $1,370,695 21 
. 44,798,702 00 565,184 10 



,351,239 00 $805,511 11 
7,213,233 00 90,594 00 



. $59,138,006 00 $714,917 11 



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, .... 



$14,501,200 00 

9,189,418 00 

251,732 00 

2,919,000 00 

21,000 00 

56,000 00 



Schedule A. 



Stocks and Bonds owned by the Company. 

Book Value. 

$22,200 00 

6,200 00 

9,877 50 

28,000 00 

10,000 00 

1,400 00 



Old Boston National Bank stock, 

New England National Bank stock, 

State National Bank stock, 

National Union Bank stock, 

Merchants' National Bank stock, 

Tremont National Bank stock (in liquidation) 

Washington Nat'l Bank stock (in liquidation) 

National Shawmut Bank stock, 

Atlantic Mutual Insurance Company scrip, 



10,200 00 
5,350 00 



Market Value. 

$23,088 00 

8,990 00 

13,050 

48,160 

18,100 

140 

552 

17,680 

5,225 



00 
00 
00 
00 
00 
00 
00 



BOSTON INSURANCE CO. 



93 



Boston & Albany Railroad Co. stock, 
Boston & Lowell Railroad Co. stock, 
Old Colony Railroad Co. stock, 
Massachusetts Electric Co. stock, 
Merrimack Manufacturing Co. stock, 
Pemberton Building Trust stock, 
Claverly Trust stock, 
Chicago, Burlington & Quincy R.R. bonds, 
Eastern Railroad (Sterling) bonds, . 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Cin., Indianapolis, St. Louis & Chic. R.R. bonds 
State of Massachusetts bonds, . 
Boston Terminal Co. bonds., 
Somerset Hotel Trust bonds, . 
Northern Pacific Gt. Northern Joint bonds, 
Central Union Telephone Co. bonds, 
American Tel. & Telegraph Co. bonds, . 
Eastern Steamship Co. bonds, . 
Pennsylvania Steel Trust Co. bonds, 
Terminal R'y Association, St. Louis, bonds, 
Atchison, Topeka & Santa Fe R.R. bonds 
Louisville & Nashville (gold) bonds, 
Ft. Street, Detroit Union Depot bonds, 
Atchison, Topeka & Santa Fe R.R. bonds 
American Bell Telephone Co. bonds, 
Terminal R'y Association, St. Louis, bonds, 
United Electric Securities Co. (debenture) b'ds 
Baltimore & Ohio R.R. bonds, . 
City of Boston bonds, .... 



Book Value. 

$15,812 00 

6,500 
20,000 

9,945 
12,800 
10,300 

5,000 
43,000 
20,000 
25,000 00 
40,000 00 
18,643 
22,245 
50,000 

7,540 
25,109 
20,000 00 
10,460 00 

9,762 00 
15,000 00 

4,725 00 

9,701 25 

7,579 

5,862 

9,675 

4,468 
10,000 

8,925 
91,350 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

|27,930 00 

15,210 00 

40,000 
7,752 
9,440 
9,300 
5,000 

43,000 

20,925 

31,250 

40,000 00 

18,405 00 

22,600 00 

50,000 00 
7,340 00 

25,250 

19,700 

10,100 
9,850 

14,850 00 
4,650 00 
9,360 00 
7,490 00 
6,000 00 
9,800 CO 
4,580 00 

10,000 00 
8,987 50 

90,900 00 



00 
00 
00 
00 



$632,628 75 $714,654 50 



BOSTON INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 

Paid-up Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 95 Kilby Street. 

Income. 

Net fire premiums, $633,609.13; marine, $823,563.07, . . $1,457,172 20 
Interest on mortgage loans, $53,242.73 ; collaterals, f 6,720 ; 

stocks and bonds, $68,620.71 ; all other, $9,701.18, . . 138,284 62 

Rents 1,206 93 

Profit on sale or maturity of ledger assets, ... . . 5,888 54 

From all other sources, 13,231 62 

Total income, $1,615,783 91 

Ledger assets, Dec. 31, 1902, 3,469,888 59 

Total, $5,085,672 50 

Disbursements. 

Net amount paid for fire losses, $279,441.05; marine, $517,- 

723.16, $797,164 21 

Interest and dividends to stockholders, 120,000 00 



94 



BOSTON INSURANCE CO. 



Commissions or brokerage, $227,722 68 

Salaries, fees, etc., of officers and employees, .... 131,771 82 

Rents, 12,895 83 

Repairs and expenses on real estate, . . . . . 643 48 

Real estate taxes, $273.78 ; other taxes and fees, $33,605.63, 33,879 41 

Loss on sale or maturity of ledger assets, .... 27,941 58 

All other disbursements, 52,555 90 

Total disbursements, $1,404,574 91 

Balance, $3,681,097 59 



Ledger Assets. 

Real estate, $17,958.59 ; mortgages,* $ 1,260,250, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents' balances, .... 

Bills receivable, .... 

Atlantic Mutual Insurance Co. scrip, 

Total ledger assets, 



$1,278,208 59 

16,750 00 

1,659,002 74 

430,781 66 

226,460 62 

67,333 98 

2,560 00 

$3,681,097 59 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $10,152.44; stocks and bonds, $4,347.50, 
Market value of stocks and bonds over book value, 
Return premiums and reinsurance, 



Gross assets, 



14,499 94 

129,550 51 

6,633 40 

$3,831,781 44 



Assets not admitted. 



Agents 1 balances over three months due, 
Bills receivable, past due, 

Total unadmitted assets, . 

Total admitted assets, 



$13,197 18 
95 63 



13,292 81 
5,818,488 63 



Liabilities. 

Unpaid losses, including $5,500 resisted, $245,970.70; less 

reinsurance, $20,033.17, . . . . . . . $225,937 53 

Unearned premiums on outstanding risks, . . . . 701,183 49 

Commissions and other charges due agents and brokers, . 28,630 14 

Due for reinsurance premiums, 6,510 45 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



1,856,227 02 



2,261 61 



1,000,000 00 
1,856,227 02 

53,818,488 63 



* Value of property, $2,675,600; insurance thereon, $1,059,800. 



BOSTON INSURANCE CO. 



95 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



),364,508 00 
. 83,950,671 00 

$183,315,179 00 
. 73,119,667 00 

$110,195,512 00 
. 20,188,393 00 



Premiums. 

$1,030,747 70 
881,085 66 

$1,911,833 36 
747,733 67 

$1,164,099 69 
211,864 71 



,007,119 00 $952,234 98 



. $6,717,577 00 
.141,013,313 00 

$147,730,890 00 
. 140,890,998 00 

. $6,839,892 00 
406,578 00 



$382,899 73 
1,013,295 25 

51,396,194 98 
1,045,577 74 

$350,617 24 
24,847 63 



5,433,314 00 $325,769 61 



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, . 



$36,989,989 00 

24,510,015 00 

290,948 

507,248 

2,600,000 

120,000 



00 
00 
00 
00 



107,000 00 



Schedule A. 
Securities held as Collateral. 



25 shares Martha's Vineyard National Bank, 

83 " Boston Safe Deposit & Trust Co., 

25 " Boston & Maine R.R. Co., 

30 " Edison Electric Ilium. Co., 

30 " International Trust Co., . 

50 " American Sugar Refineries Co., 

50 " Boston Electric R'y Co., . 

10 " Merchants 1 National Bank, 



Market Value. 

$2,875 00 
24,485 00 
4,450 00^ 
5,250 00 | 
12,000 00 [ 
6,125 00 f 
7,000 00 | 
1,812 50 J 



Loaned Thereon. 

$2,250 00 
10,000 00 



4,500 00 



Schedule B. 



$63,997 50 $16,750 00 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

$126,148 33 $134,937 50 

6,000 00 6,082 50 

25,500 00 27,062 50 



Boston city bonds, 

Chicago, Burlington & Quincy R.R. bonds, 
Newton city bonds, 



96 



BOSTON INSURANCE CO. 



West Shore R Ii. bonds, . 

Boston & Lowell R.R. bonds, . 

Oregon Short Line R.R. bonds, 

Fitchburg R.R. bonds, 

Wisconsin Central Co. bonds, . 

Illinois Central R.R. bonds, 

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

Old Colony R.R. bonds, . 

Atchison, Topeka & Santa Fe R.R. bonds 

Southern R'y Co. bonds, . 

Eastern Steamship Co. bonds, . 

Pennsylvania R.R. Co. bonds, . 

1,500 shares American Tel. & Tel. Co., 

350 " Boston & Albany R.R., 

100 " Boston & Lowell R.R., . 

250 " Fitchburg R.R. Co., 

920 " N. Y. Cent. & Hud. R. R.R. Co., 
1,000 " N. Y., N. H. & Hart. R.R. Co., 

100 " Old Colony R.R. Co., . 

300 " Pullman Palace Car Co., 
50 " Conn. & Passumpsic R. R R. Co. 

120 " Wisconsin Central R'y Co., . 

220 " Chic, Milwaukee & St. Paul R'y 
1,200 " Pennsylvania R.R. Co., 

30 " Manchester & Lawrence R.R. Co., 

200 " Edison Electric Illuminating Co., 

250 " Manchester Mills, . 

100 " Atlantic Bank, 

130 " Beverly Bank, 

100 " Brookline Bank, . 

182 " Commercial Bank, 

100 " Exchange Bank, . 

300 " First Bank, . 

100 " First B'k, Salem (in liquidation) 

125 " Freeman's Bank, . 
17 " Grand Bank, Marblehead, . 

166 " Lincoln Bank (in liquidation), 

100 " Mercantile Bank, Salem, 

300 " Merchants' Bank, . 

100 " Merchants' Bank, Salem, 

200 " National Shawmut Bank, . 

100 " Naumkeag Bank, Salem, 

150 " New England Bank, . 

150 " Republic Bank, . 

262 " State Bank, .... 
52 " Nat'l Suffolk B'k (in liquidation), 
50 " Tremont Bank (in liquidation), . 



00 
00 
91 
33 



Book Value. 

$5,175 00 
25,500 
10,600 
36,697 
11,718 
23,750 00 
33,412 50 
16,462 50 
61,607 43 
2,510 22 
50,000 00 
10,000 00 
190,928 26 

72.624 27 
16,412 50 
20,808 38 

119,500 00 

192,442 78 

17,712 50 

35,411 

6,213 

7,812 
24,362 
71,771 

7,657 
46,894 72 
25,000 00 
15,593 00 
16,603 00 
10,000 00 
34,955 00 

11.625 00 
56,663 00 

7,793 13 
11,050 00 

2,040 00 

2,160 00 
12,285 37 
48,582 13 

6,822 75 
30,000 00 
14,290 00 
20,584 
19,391 
34,411 
213 

3,306 



25 
25 
23 
50 

88 
50 



00 
12 
08 
42 
50 



Market Value. 

$5,437 50 

27,500 00 

13,042 50 

37,400 00 

10,920 00 

23,500 00 

32,612 50 

16,350 00 

81,190 00 

1,920 00 

50,000 00 

9,525 00 

190,500 00 

85,750 00 

23,400 00 

34,000 00 

109,710 00 

1 95,125 00 

20,000 00 

65,700 00 

8,125 00 

3,330 00 

32,230 00 

71,400 00 

7,380 00 

46,850 00 

23,650 00 

13,000 00 

18,850 00 

12,625 00 

24,570 00 

15,000 00 

66,000 00 

5,000 00 

12,812 50 

1,870 00 

1,660 00 

9,862 50 

54,600 00 

6,525 00 

52,000 00 

13,150 00 

21,750 00 

22,500 00 

38,088 25 

1,560 00 

2,500 00 



$1,659,002 74 $1,788,553 25 



MERCANTILE FIRE AND MARINE INSURANCE CO. 97 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BO.STON. 

[Incorpoi-ated Feb. 11, 1823. Commenced business May, 1823.] 

Paid-up Capital, $400,000. 

GEO. T. CRAM, President. JAMES SIMPSON, Secretary. 

Office, 47 Kilby Street. 

Income. 

Net fire premiums, $166,675 91 

Interest on mortgage loans, $7,294.02; collaterals, $480; 

stocks and bonds, $19,769.39 ; all other, $1,494.61, . . 29,038 02 

Profit on sale or maturity of ledger assets, .... 892 73 



Total income, $196,606 66 

Ledger assets, Dec. 31, 1902, 777,781 86 



Total, $974,388 52 

Disbursements. 

Net amount paid for fire losses, . . . . . $218,866 41 

Interest and dividends to stockholders, 32,000 00 

Commissions or brokerage, 31,068 20 

Salaries, fees, etc, of officers and employees, .... 18,257 78 

Rents, 2,796 99 

Taxes and fees, 10,984 91 

Loss on sale or maturity of ledger assets, .... 762 50 

All other disbursements, 14,769 69 



Total disbursements, $329,506 48 

Balance, $644,882 04 

Ledger Assets. 



Mortgages,* 

Loans secured by collateral (500 shares Long Island R.R.), 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 



$195,600 00 

12,000 00 

327,456 72 

52,233 59 

57,591 73 



Total ledger assets, $644,882 04 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $1,297.24; stocks and bonds, $3,566.65 ; col- 
lateral loans, $186.67, 5,050 56 

Market value of stocks and bonds over book value, . . 84,055 28 



Gross assets, $733,987 88 

* Value of land, $227,825; buildings, $206,600; insurance thereon, $210,250. 



98 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $7,195 resisted, $65,860.88; less re- 
insurance, $43,244.06, $ 22,616 82 

Unearned premiums on outstanding risks, $192,906.70; plus 

same on disallowed reinsurance, $3,211.06, . . . . 196,117 76 

Salaries and other miscellaneous expenses, due or accrued, . 1,044 49 

All liabilities, except capital and surplus, . . . $219,779 07 
Surplus to policy holders, .... $514,208 81 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 114,208 81 

Total liabilities, $733,987 88 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. 164,596,636 00 $784,157 17 
. 54,866,553 00 750,611 30 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



1119,463,189 00 $1,534,768 47 
. 49,228,153 00 653,253 26 



),235,036 00 $881,515 21 
. 42,746,574 00 524,567 27 



. $ 27,488,462 00 $356,947 94 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$11,300,240 00 

6,844,471 00 

221,820 00 

2,372,720 00 

100,000 00 

32,000 00 

142,800 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



City of Boston bonds, .... 

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

Oregon Railway & Navigation Co. bonds, 

Concord & Montreal R.R. bonds, 

Old Colony R.R. bonds, . 

City of Cambridge, Mass., bonds, 

Boston & Albany R.R. bonds, 

Boston & Lowell R.R. bonds, 

City of Lowell, Mass., bonds, 

Boston & Maine R.R. bonds, 

City of Taunton bonds, 

Fitchburg R.R. bonds, 

City of Providence, R. I., bonds, 

Boston Terminal Co. bonds, 

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



Book Value. 

$10,000 00 

5,000 00 

10,040 00 

10,000 00 

25,000 00 

5,000 00 

15,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

14,000 00 

10,000 00 

20,700 00 

17,323 75 



Market Value. 

$10,450 00 

5,843 00 

9,850 
10,550 
26,787 

5,237 
15,600 

5,200 

5,325 
11,075 

5,350 
14,385 
10,850 00 
22,400 00 
17,000 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



99 



West End R.R. bonds, .... 

Chicago, Burlington & Quincy R.R. bonds, 

Northern Pacific & Gt. Northern R.R. bonds, 

Cleveland Terminal & Valley R.R. bonds, 

New York Central R.R. bonds, 

American Telephone & Telegraph Co. bonds 

New England National Bank stock, 

National Shawmut Bank stock, 

State National Bank stock, 

Suffolk N'l B'k stock (in liquidation), 

Union National Bank stock, 

Second National Bank stock, . 

Boston & Providence R.R. stock, 

Lyman Mills stock, .... 

Union Pacific R.R. stock, . 



00 
00 
00 
00 
00 



Book Value. 

f 15,000 00 
10,000 
14,775 

4,975 

7,000 
14,900 
16,000 00 

5,500 00 
13,300 00 

20,000 00 
7,600 00 

18,448 22 
9,394 75 
3,500 00 



Market Value. 

$15,375 00 

9,250 
13,650 

4,975 

7,035 
14,100 
23,200 
14,300 
19,950 

3,720 
34,400 

7,620 
59,200 

6,000 00 

2,835 00 



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



$327,456 72 #411,512 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 

Paid-up Capital, $2,000,000. 

A. W. DAMON, President. W. J. MACKAY, Secretary. 

Income. 

Net fire premiums, $3,205,509 33 

Intereston mortgage loans, $27,741. 53 ; collaterals, $1,240. 51 ; 



stocks and bonds, $176,423, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



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, $2,933 . 14 ; other taxes and fees, $120,229 . 45, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 



205,405 04 
11,651 73 
200 00 

53,422,766 10 
4,917,133 40 

58,339,899 50 



$1,561,442 40 
200,000 00 
606,712 09 
143,410 67 

5,800 00 
123,162 59 

3,146 53 
304,134 85 

$2,947,809 13 



Total disbursements, 

Balance, $5,392,090 37 

Ledger Assets. 



Real estate, $214,530.23; mortgages,* $554,500, 
Loans secured by collateral (schedule A), 



$769,030 23 
14,875 00 



* Value of land, $385,400; buildings, $663,000; insurance thereon, $678,375. 



100 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Stocks and bonds*(schedule B), $3,706,429 08 

Cash in banks and office, 393,562 28 

Agents' balances, . . . 508,193 78 



Total ledger assets, 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $13,740.63; stocks and bonds, $33,495 

lateral loans, $371.87, 

Rents accrued on company's property, . 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



. $5,392,090 37 



col- 



$47,607 50 

519 59 

12,469 77 

829,714 92 



Gross assets, 



1,282,402 15 



Assets not admitted. 



Special deposits less $41,218.25 liability 

thereon, 

Excess of loan over market value, . 

Total unadmitted assets, .... 



,581 75 
200 00 



Total admitted assets, 



Liabilities. 



Unpaid losses, including $28,436.43 resisted, $304,665 ; less 
reinsurance, $72,210.82, 

Unearned premiums on outstanding risks, $2,429,458 . 03 ; plus 
same on disallowed reinsurance, $4,096.52, . 



48,781 75 
56,233,620 40 

$232,454 18 
2,433,554 55 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



. $2,666,008 73 



(,567,611 67 



2,000,000 00 
1,567,611 67 



Total liabilities, $6,233,620 40 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$437,361,785 00 $4,908,477 61 
. 361,056,862 00 4,424,986 76 



$798,418,647 00 $9,333,464 37 
. 316,273,651 00 3,873,512 69 



$482,144,996 00 $5,459,951 68 
. 66,516,152 00 708,590 21 



Net amount in force, . 



$415,628,844 00 $4,751,361 47 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$54,602,390 00 

32,215,930 00 

1,551,201 00 

4,554,542 00 

1,500,000 00 

200,000 00 

129,800 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



101 



Schedule A. 
Securities held as Collateral. 



30 shares Third National Bank, Springfield, . 
15 " Agawam National B'k, Springfield, . 
90 " Revere, Mass., Water Co., 
30 " Eastern Oil Co.. Olean, N. Y., . 



Schedule B. 



Market Value. 

$6,300 00 

900 00 

18,000 00 

3,150 00 



Loaned Thereon. 

$2,775 00 

1,100 00 

9,000 00 

2,000 00 



$28,350 00 $14,875 00 



Stocks and Bonds owned by the Company. 



250 shares 


1,500 


it 


500 


u 


1,150 


(i 


400 


it 


500 


u 


500 


(C 


900 


IC 


1,000 


If 


3,000 


It 


500 


It 


4,800 


tt 


240 


It 


1,000 


tt 


200 


tt 


300 


tt 


200 


tt 


66 


tt 


150 


tt 


100 


tt 


62 


tt 


150 


It 


250 


II 


230 


II 


143 


It 


150 


tt 


100 


11 


100 


It 


100 


tt 


100 


It 


120 


tt 


250 


II 


300 


II 


200 


It 


350 


It 


200 


11 


272 


II 


390 


It 


200 


II 


95 


It 


300 


tt 


100 


tl 


100 


tl 


20 


II 


60 


tt 



Atch., Topeka & Santa Fe R'y, 
Boston & Albany R.R., 
Boston & Lowell R.R., . 
Chicago., Mil. & St. Paul R'y, 
Connecticut River Railroad, 
Conn. & Passumpsic Rivers R.R. 
Fitchburg R.R., . 
Illinois Central R.R., . 
New York & Harlem R.R., . 
N. Y., N. H. & Hartford R.R., 
Old Colony R.R., . 
Pennsylvania R.R., 
Rome, Watert'n & Ogdens. R.R,, 
Union Pacific R R., 
Fourth National Bank, N. Y., 
National B'k of Commerce, N.Y. 
Nat'l Bank of No. America, N. Y. 
Atlas National Bank, Boston, 
Boylston National Bank, Boston, 
Eliot National Bank, Boston, 
Freeman's National Bank, Boston 
Merchants' National B'k, Boston 
Nat'l Bank of Commerce, Boston 
Nat'l B'k of the Republic, Boston 
National Exchange Bank, Boston 
National Shawmut Bank, Boston 
National Webster Bank, Boston, 
New England Nat'l Bank, Boston 
Old Boston National B'k, Boston 
Second National Bank, Boston, 
Agawam Nat'l Bank, Springfield 
Chapin National B'k, Springfield 
Chicopee Nat'l Bank, Springfield 
City National Bank, Springfield, 
First National Bank, Springfield 
John Hancock N'l B'k, Springfield 
Second National B'k, Springfield 
Third National Bank, Springfield 
First National Bank, Chicopee, 
Franklin Co. Nat'l B'k, Greenfield 
City National Bank, Holyoke, 
Holyoke Nat'l Bank, Holyoke, 
Monson National Bank, Monson 
Adams National B'k, No. Adams 
First National B'k, Northampton 



00 
17 
26 
14 



Book Value. 

$24,656 25 

195,086 38 

111,425 37 

151,746 25 

98,800 00 

50,000 00 

51,875 00 

101,368 78 

55,300 

386,851 

91,081 

296,879 

22,900 00 

73,350 00 

23,880 75 

48,380 13 

28,212 76 

6,973 54 

21,238 00 

10,496 75 

6,746 75 

20,083 00 

34,512 13 

35,817 50 

19,554 12 

22,500 00 

10,797 38 

15,220 50 

12,216 25 

19,000 00 

25,424 00 

31,302 50 

41,694 00 

28,025 00 

49,345 00 

24,094 50 

42,139 00 

65,430 00 

28,138 00 

11,678 00 

33,328 75 

15,800 00 

13,331 00 

2,910 00 

8,686 50 



00 
00 
00 
00 



Market Value. 

$22,500 00 

367,500 00 

117,000 00 

200,450 00 

110,000 00 

52,500 00 

67,500 00 

117,900 00 

200,000 00 

588,000 00 

100,000 00 

285,600 00 

31,200 00 

89,000 00 

41,000 00 

63,000 

42,000 

7,260 

15,000 

18,000 00 

6,324 00 

27,150 00 

36,500 00 

34,270 00 

21,450 00 

39,000 00 

11,500 00 

14,500 

10,400 

19,000 

7,200 

30,000 

46,500 

29,000 

38,500 

20,000 

38,080 00 

81,900 00 

26,000 00 

9,975 00 

34,500 00 

15,800 00 

13,500 00 

2,300 00 

7,500 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



102 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



50 shares Northampton N'l B'k, N'hampton, 
37 " Palmer National Bank, Palmer, . 
75 " Ware National Bank, Ware, 

100 " St. Paul N'l B'k, St. Paul, Minn., 
1,000 " Mass. Gas Companies, . 

500 " Pullman's Palace Car Co., . 

500 " Wells, Fargo & Co., . 

140 " Hampshire Street Railway, . 

700 " Holyoke Street Railway, 
1,000 " Springfield Street Railway, . 
1,525 " West End Street Railway, . 
1,000 " Worcester R'ys and Investm't Co 
United States bonds, . . . . 
Boston city bonds, ..... 
Valencia Co., New Mexico, bonds, . 
Port of Portland bonds, .... 
Chicago, Burl. & Quincy R.R. bonds, 
Chic. & Northwest'n R'y sinking fund bonds, 
Northern Pacific-Great Northern bonds, . 
Oregon Short Line bonds, 
St. Paul, Minn. & Manitoba R'y bonds, . 

Union Pacific bonds, 

American Writing Paper Co. bonds, 
Berkshire (Mass.) Water Co. bonds, 
Holyoke Street R'y bonds, 
Torrington Co. bonds, .... 



Book Value. 

$7,524 00 

5,355 00 

8,289 55 

10,000 00 

86,000 00 

53,411 60 

111,937 50 

14,000 00 

117,385 00 

185,828 00 

135,900 00 

101,412 50 

68,518 75 

27,075 00 

10,550 00 

50,000 00 

9,000 00 

51,737 50 

12,493 82 

13,525 05 

52,750 00 

19,954 40 

14,000 00 

15,000 00 

31,506 00 

25,000 00 



Market Value. 

$10,000.00 

3,700 00 

7,875 00 

10,000 00 

80,000 00 

109,000 00 

105,000 00 

14,000 00 

147,000 00 

210,000 00 

157,250 00 

100,000 00 

79,800 00 

25,000 00 

10,000 00 

50,000 00 

9,000 00 

53,760 00 

23,250 00 

13,800 00 

55,000 00 

19,200 00 

14,000 00 

15,000 00 

31,500 00 

26,750 00 



$3,706,429 08 $4,536,144 00 



AGGREGATE. 



103 



AGGREGATE. 



Capital Stock. 




Whole amount of capital actually paid up in cash, 


13,700,000 


Assets. 




Admitted assets, 


$11,624,033 


Liabilities. 




Liabilities, 


14,260,827 


Income. 




Cash actually received for fire premiums, .... 


$4,533,412 


actually received for marine premiums, 


823,563 


for interest and dividends from all sources, 


399,602 


from all other sources, 


80,175 


Total income, 


$5,836,752 


Disbursements, 




Cash actually paid during the year for fire losses, 


$2,313,142 


actually paid during the year for marine losses, 


517,723 


dividends to stockholders, 


373,000 


for brokerage and commissions on premiums, . 


997,901 


for rents, 


23,633 


for salaries and pay of officers and employees, . 


313,064 


for State and local taxes, 


180,716 


for office, agency and incidental expenses, . 


445,794 


Total disbursements, 


$5,164,973 


Miscellaneous. 




Cash dividends declared during the year, .... 


$373,000 


Fire losses incurred during the year, ..... 


2,315,701 


Marine losses incurred during the year, .... 


507,248 



104 



JETNA INSURANCE CO. 



FIRE, MARINE AND FIRE-MARINE INSURANCE COM- 
PANIES OF OTHER STATES. 



"^ETNA INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business August, 1819.] 

Paid-up Capital, $4,000,000. 

WM. B. CLARK, President. WM. H. KING, Secretary. 

Income. 



Net fire premiums, $5,112,153.19 ; marine, $336,898.83, 
Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $636 ; stocks and bonds, $585,- 

010.32, 

Rents, 

Profit on sale or maturity of ledger assets, 

Profit and loss, 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



Total, 



$5,449,052 02 
4,500 00 

585,646 32 

992 17 

831 14 

1,412 59 

$6,042,434 24 
12,115,798 71 

$18,158,232 95 



Disbursements. 

Net amount paid for fire losses, $2,480,142.52 ; marine, $205, 

415.02, 

Deposit premiums returned, ...... 

Interest and dividends to stockholders, .... 

Commissions or brokerage, . . . . 

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

Repairs and expenses on real estate, .... 

Taxes and fees, . 

Loss on sale or maturity of ledger assets, 

Profit and loss, 

All other disbursements, ....... 



!,685,557 54 

1,992 05 

670,000 00 

914,619 69 

337,886 62 

210 60 

126,027 96 

47,927 40 

8,684 39 

372,565 40 



Total disbursements, $5,165,471 65 

Balance, $12,992,761 30 



Ledger Assets. 

Real estate, $277,249.39; mortgages,* $12,600, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Total ledger assets, 



),849 39 

. 11,006,252 01 

. 1,207,068 62 

489,591 28 

$12,992,761 30 



* Value of land, $13,700; buildings, $10,000; insurance thereon, $10,000. 



.ETNA INSURANCE CO. 105 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $192.66; other assets, $437.50, . . . $630 16 

Market value of stocks and bonds over book value, . . 2,126,770 96 



Gross assets, $15,120,162 42 

Assets not admitted. 

Agents 1 balances over three months due, . $18,013 58 

Special deposits less $244,071.68 liab. thereon, 69,254 29 

Depreciation in book value of real estate, . 97,249 39 

Total unadmitted assets, .... 184,517 26 



Total admitted assets, $14,935,645 16 

Liabilities. 

Unpaid losses, including $25,839 resisted, $722,170.40; less 

reinsurance, $125,682.16, $596,488 24 

Unearned premiums on outstanding risks, $4,215,649.74 ; plus 

same on disallowed reinsurance, $16,064.68, . . . 4,231,714 42 

Reclaimable on perpetual fire policies, 83,449 55 



All liabilities, except capital and surplus, . . . $4,911,652 21 

Surplus to policy holders, $10,023,992 95 

Paid-up capital, 4,000,000 00 

Surplus over capital and general liabilities, .... 6,023,992 95 



Total liabilities, $14,935,645 16 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1902, . $699,374,238 00 $8,655,267 86 

Fire risks written during 1903, . . 520,846,433 00 6,957,783 02 



Total $1,220,220,671 00 $15,613,050 88 

Risks expired and terminated, . . . 490,565,726 00 6,436,741 08 



In force at end of year, .... $729,654,94500 $9,176,30980 
Amount reinsured, 89,818,464 00 1,235,466 05 



Net amount in force, .... $639,836,481 00 $7,940,843 75 

Perpetual risks in force (not included above), $3,633,378 00 $87,841 63 

Marine risks outstanding Dec. 31, 1902, . $14,423,879 00 $265,565 22 

Marine risks written during 1903, . . .93,321,56100 453,31126 



Total, $107,745,440 00 $718,876 48 

Risks expired and terminated, .... 93,325,709 00 442,944 72 



In force at end of vear, .... $14,419,73100 $275,93176 
Amount reinsured," 2,126,568 00 58,973 20 



Net amount in force, .... $12,293,163 00 $216,958 56 



106 



JETNA INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (16.75 per cent.), . 

Company's stock owned by directors, .... 



$ 182,261,052 00 
96,328,140 00 
2,507,994 00 
226,917 00 
27,831,365 00 
2,805,000 00 
670,000 00 
220,600 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



400 shares 


300 


a 


300 


U 


1,000 


u 


50 


K 


10 


u 


575 


(1 


500 


(C 


500 


« 


362 


u 


750 


a 


1,000 


u 


935 


it 


403 


it 


300 


(i 


500 


(( 


300 


II 


300 


it 


500 


u 


500 


u 


300 


u 


181 


(t 


100 


it 


450 


it 


1,000 


II 


1,058 


it 


500 


M 


2,888 


it 


780 


(( 


1,500 


(( 


1,000 


u 


200 


u 


1,000 


II 


640 


IC 


150 


II 


400 


II 


200 


II 


200 


II 


400 


II 


200 


II 


150 


II 


350 


(1 


300 


II 


1,000 


(( 



Amer. Telegraph & Cable Co., 
Gold & Stock Telegraph Co., 
Internat'l Ocean Telegraph Co., 
Northwest Telegraph Co., . 
Connecticut River Co., . 
Underwriters' Sal. Co. of N. Y., 
New York Dock Co., . 
Albany & Susquehanna K.R. Co. 
Bald Eagle Valley R R. Co., 
Baltimore & Ohio R.R. Co., . 
CI., Cin , Ch. & St. L. R.R Co., 
Cleve. & Pitts. R.R. Co., 
Chic, Mil & St. Paul R'y Co., 
Chic. & Northwestern R.R. Co., 
Connecticut River R.R. Co., . 
Conn. & Passumpsic R. R.R. Co., 
Dayton & Mich. R.R. Co., . 
Del. & Bound Brook R.R. Co., 
Ft. Wayne & Jackson R.R. Co., 
Georgia R.R. & Banking Co., 
Illinois Central R R. Co., 
Illinois Southern R'y Co., 
Joliet & Chicago R.R. Co., . 
Kal. Al. & Gr. Rapids R.R. Co., 
Morris & Essex R.R. Co., . 
N. Y. Cent. & Hud. R. R.R. Co., 
N. Y. & Harlem R.R Co., . 
N. Y., N. H. & Hart. R.R. Co., 
Oswego & Syracuse R.R. Co., 
Pennsvlvania R.R. Co , 
Pitts., Ft. W. & Chic. R.R. Co, 
Peoria & Bureau Val. R.R. Co., 
Rensselaer & Saratoga R.R. Co, 
St. J., S. Bend & South'n R.R. Co 
Ut, Chen. & Sus. Val. R.R. Co, 
Valley (N. Y.) R.R. Co, . 
JEtna Nat'l Bank, Hart, Conn, 
American Nat'l B'k, Hart, Conn 
Charter Oak N'l B'k, Hart, Conn 
City Bank, Hartford, Conn, 
Conn. 11. B'k'g Co, Hart, Conn, 
Far. & Mec. N'l B'k, Hart, Conn, 
First National Bank, Hart, Conn , 
Hartford Nat'l B'k, Hart, Conn, . 



93 
00 
00 
67 
50 



Book Value. 

|36,750 00 
36,000 00 
33.000 00 
50,992 
2,500 
1,000 
43,704 
46,662 
49,560 00 
30,529 44 
73,881 25 
46,032 75 

144,500 00 
62,759 58 
28,016 66 
50,312 
23,636 
54,000 
50,175 

120,710 
38,456 
22,500 

9,462 75 
55,750 00 
43,968 75 

114,550 75 
36,681 

293,041 
81,383 
91,328 

112,201 
35,155 

173,575 
63,940 00 
23,500 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 



50 
00 
00 
00 
00 
25 
00 



25 
26 

00 
14 
75 
93 
00 



00 
00 
00 
00 



Market Value. 

$32,800 00 

36,000 00 

36,000 

61,500 
5,000 
1,000 

25,250 00 
117,500 00 

51,250 00 

31,057 00 

84,000 00 

92,000 00 
161,245 00 

83,210 

84,000 

52,500 

31,800 

61,500 

75,000 
125,500 

39,300 



00 
00 
00 
00 
00 
00- 
00 
00 



18,500 00 

67,500 00 

94,000 00 
128,018 00 
101,250 00 
571,824 00 

91,260 00 

90,000 00 
185,000 

42,400 
210,000 

34,000 

23,400 

53,200 

40,000 

14,000 

44,000 

18,000 
8,250 

42,700 

42,000 00 
140,000 00 



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



JETNA INSURANCE CO. 



107 



550 shares Natl Exch. B'k, Hartford, Conn., 

1,000 " Phoenix Nat'l Bank, Hart., Conn., 
550 " State Bank, Hartford, Conn., 
400 " Am. Ex. N'l B'k, N. Y., 
400 " B'k of the Manhattan Co., N. Y., 
300 " B'k of N. Y. N'l B'k'g As., N. Y 
75 " First Nat'] Bank, New York, 
300 " Hanover Nat'l Bank, N. Y., . 
300 " Im. & Tr. Nat'l Bank, N. Y., 
112 " Mar. & Fulton N'l B'k, N. Y., 
700 " Mer. Nat'l Bank, N. Y., 
120 " Merch. Ex. N'l B'k, N. Y., . 

1,200 " Mech. Nat'l Bank, N. Y., . 
200 " Nassau Bank, New York, 
625 • " N'l B'k of Commerce, N. Y., 
400 " N'l B'k of No. America, N. Y., 
500 " Nat'l City Bank, N. Y., 
300 " Phenix Nat'l Bank, N. Y., . 
200 " Peoples Bank, N. Y., . 
100 " Third National Bank, N. Y. (in 

liquidation), 
250 " Far. & Mech. N'l B'k, Phila., Pa 
100 " First N'l B'k, Albany, N. Y., 
100 " N. Brit. N'l B'k, N. Brit., Conn., 
100 " Central Trust Co., N. Y., . 
200 " Holland Trust Co., N. Y., . 
100 " Intern'l B'k'g Corp., N. Y., . 
100 " Met. Trust Co., N. Y., . 
150 " N. Y. Life Ins. & Tr. Co., N. Y., 
100 " United States Tr. Co., N. Y., 
100 " Union Trust Co., N. Y., 

United States bonds, 

Arizona Territory bonds, .... 

New Mexico Territory bonds, . 

Alabama State bonds, .... 

Georgia State bonds, .... 

Mississippi State bonds, .... 

New Hampshire State bonds, . 

Tennessee State bonds 

Mecklenburg County, N. C, bonds, . 

Spokane County, Washington, bonds, 

Talbot County, Georgia, court house bonds, 

Norwich, Conn., town bonds, . 

Westmount, Quebec, town debenture bonds, 

Americus, Ga., city pub. b'l'g, sch. and se'r b'ds 

Albina, Oregon City, boulevard bonds, . 

Bainbridge, Ga , city academy bonds, 

Cleveland, Ohio, city bonds, 

Chicago, ill., sanitary district bonds, 

City of Sioux Falls, So. Dak., funding bonds, 

Dallas, Tex., city water and sewer bonds, 

Dalles City, Oregon, water bonds, . 

Fostoria, O., city water bonds, . 

Greensboro, N. C, city school bonds, 

Greenville, Ala., city school bonds, . 

Hamilton, Ont., city debenture bonds, 

Jersey City, N. J., city hall bonds, . 

Key West, Fla., city street improvement b'ds 

Lexington, Ky., city bonds, 

Montreal, Canada, bonds, .... 



Book Value. 


Market Value. 


|34,306 25 


$35,750 00 


146,711 50 


125,000 00 


63,779 00 


77,000 00 


43,983 00 


90,000 00 


26,708 00 


64,000 00 


36,766 55 


84,000 00 


20,571 00 


45,000 00 


50,037 00 


162,000 00 


30,000 00 


183,000 00 


14,143 00 


27,440 00 


39,918 52 


63,000 bO 


8,792 50 


10,500 00 


34,136 00 


75,000 00 


10,791 00 


19,000 00 


84,379 77 


134,375 00 


61,213 00 


88,000 00 


66,889 00 


135,000 00 


6,876 38 


6,600 00 


5,544 00 


14,500 00 


n 

12,400 00 


3,000 00 


28,488 00 


32,500 00 


17,996 67 


10,500 00 


10,000 00 


16,000 00 


11,000 00 


194,000 00 


30,200 00 


10,200 00 


20,000 00 


14,500 00 


11,000 00 


57,500 00 


18,525 00 


165,000 00 


28,510 00 


150,500 00 


10,000 00 


142,500 00 


113,718 85 


134,000 00 


15,450 00 


17,400 00 


10,550 00 


11,400 00 


9,500 00 


10,400 00 


26,908 60 


26,250 00 


12,320 00 


11,990 00 


14,499 17 


13,905 00 


29,004 20 


22,080 00 


75,815 00 


81,000 00 


51,250 00 


51,250 00 


8,550 00 


8,480 00 


104,500 00 


104,000 00 


50,375 00 


50,500 00 


18,795 00 


18,720 00 


27,750 00 


31,750 00 


8,000 00 


8,960 00 


103,407 50 


104,250 00 


53,348 75 


54,500 00 


25,000 00 


25,500 00 


51,437 50 


54,000 00 


13,562 50 


12,875 00 


25,000 00 


26,000 00 


24,480 00 


27,600 00 


20,000 00 


20,600 00 


48,185 00 


48,300 00 


26,304 79 


29,000 00 


10,200 00 


10,200 00 


52,846 83 


51,500 00 


66,584 43 


65,130 00 



108 



^ETNA INSURANCE CO. 



New Brunswick, N. J., water bonds, 

Ogden City, Utah, bonds, . 

Port of Portland, Ore., bonds, 

Rahway, N. J., city bonds, 

Richmond, Va., city bonds, 

Roanoke, Va., city bonds, 

Seattle, Wash., city, water and sewer bonds, 

Tacoma, VVash , city, water and light bonds, 

Topeka, Kan , city funding bonds, . 

Urbana, O., city bonds, .... 

Winston, N. C, city bonds, 

Winnipeg, Man., city local impr'm't deben. b's 

New York Dock Co. bonds, 

Loan & Guarantee Co. of Conn, bonds, . 

People's Gas Lt. & Coke Co., Chic , refund, b'ds 

School Dis., No 2, Enfield, Conn., bonds, 

Masonic Temple Corp., Wilm., N. C, bonds, 

Y. M. C. A., Wilmington, N. C, bonds, 

Atlantic Mutual Insurance Co. scrip, 

Albany & Susquehanna R.R. bonds, 

Alabama Central R.R. bonds, . 

Atchison, Topeka & Santa Fe R'y bonds, 

Atlantic & Danville R'y bonds, 

Baltimore & Ohio R.R. bonds, . 

Buffalo, N. Y. & Erie R.R. bonds, 

Central Branch Railway bonds, 

Central Pacific Railway bonds, 

Central R.R. of New Jersey bonds, 

Chesapeake & Ohio R.R. bonds, 

Cleveland, Col., Cin. &Indianap. R.R. bonds, 

Cleveland, Lorain & Wheeling R'y bonds, 

Cleve , Cin., Chicago & St. Louis R'y bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & Eastern Illinois R.R. bonds, . 

Chicago & Erie R.R. bonds, 

Chicago, Hammond & Western R.R. bonds, 

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

Chicago & Northwestern R.R. bonds, 

Chicago North Shore Street Railway bonds, 

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

Chicago & Western Indiana R.R. bonds, . 

Cicero & Proviso Street R'y, Chicago, bonds, 

Cincinnati, Dayton & Ironton R.R. bonds, 

Cincinnati, Hamilton & Dayton R.R. bonds, 

Cincinnati, Indianap. & West. R'y bonds, 

Columbus & Toledo R R. bonds, 

Dayton & Western R.R. bonds, 

Delaware & Hudson Canal bonds, 

Detroit Railway bonds, 

Flint & Pere Marquette R.R. bonds, 

Galveston, Harrisburg & San Antonio R'y b'ds 

Georgia R.R. & Banking Co. bonds, 

Hartford Street Railway bonds, 

Hocking Valley Railway bonds, 

Illinois Central R.R. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Iowa Central Railway bonds, . 

Jeffersonville, Madison & Ind. R.R. S. F. b'ds, 

Keokuk & Des Moines R.R. bonds, 

Lake Shore & Michigan Southern R.R. bonds, 



Book Value. 

#3,206 50 
18,270 00 
54,152 78 
44,796 80 
51,476 75 
31,500 00 
50,000 00 
25,250 00 
25,000 00 
26,500 00 
25,000 00 
36,235 40 
55,000 00 

900 
52,312 
4,000 
30,500 
20,000 00 
29,860 00 

121,062 
28,500 
48,000 
47,000 
73,437 
90,120 
31,450 
25,840 
66,812 
39,289 

126,551 
67,690 

147,750 

158,022 
53,750 

121,270 
62,500 

154,606 

218,775 
26,500 

179,350 

238,050 
25,000 00 
35,462 50 

136,596 67 
49,500 00 

110,585 64 
29,397 
31,970 
26,562 
79,567 
54,000 00 
28,734 75 
51, £00 00 
51,716 25 

101,000 00 

60,473 75 

73,250 00 

8,600 00 

45,942 50 

193.725 00 



00 
50 
00 
00 



50 
00 
00 
00 
50 
00 
00 
00 
50 
30 
50 
00 
00 
50 
00 
00 
00 
67 
83 
00 
00 
00 



00 
00 
50 
50 



00 
00 
00 
25 
00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$2,060 00 

19,260 

58,000 

19,800 

48,461 

31,200 

53,000 

26,000 

27,000 

25,000 00 

26,500 00 

36,184 72 

50,050 00 
900 00 

52,500 00 
4,000 00 

31,500 00 

20,000 00 

31,353 00 
107,000 00 

29,000 00 

47,500 

46,000 

76,125 

86,940 

34,410 00 

25,840 00 

66,000 00 

51,000 00 
123,000 00 

64,960 00 
144,000 00 
153,160 00 

53,750 00 
119,000 00 

62,500 00 
160,100 00 
212,840 

25,500 
180,200 
230,920 

26,250 

39,900 
137,100 

49,500 
101,175 

34,815 

34,250 

26,500 

82,000 00 

52,000 00 

28,000 

54,000 

53,500 
103,000 

57,500 

73,500 
7,560 

53,000 00 
192,780 00 



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



00 
00 
00 
00 
00 
00 
00 



AGRICULTURAL INSURANCE CO. 



109 



Louisville & Jeflersonville Bridge Co. bonds, 

Louisville, New Albany & Chicago R.R. b'ds, 

Lehigh Valley Terminal R.R. bonds, 

Lehigh Valley Railway bonds, 

Mahoning Coal R.R. bonds, 

Midland R.R. of New Jersey bonds, 

Minneapolis & St. Louis Railway bonds, 

Minneapolis Union R.R. bonds, 

Morris & Essex R.R. bonds, 

N. Y., Lake Erie & Western R.R. bonds, 

New England R.R. bonds, 

N. Y. & New England R R. bonds, . 

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

Northwestern Union R.R. bonds, 

Norfolk & Western R.R. bonds, 

North Chicago Electric Railway bonds, 

North Chicago Street R.R. bonds, . 

Northern Pacific-Great Northern Joint bonds 

Oswego R.R. Bridge Co. bonds, 

Ohio & West Virginia R.R. bonds, . 

Pennsylvania Steel Equipment Trust, 

Pittsburgh, Fort Wayne & Chicago R.R. b'ds, 

Port Reading R.R. bonds, 

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

St. Paul & Northern Pacific R R. bonds, 

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

Southern Pacific R.R. of California bonds, 

Southern Railway bonds, . 

Terre Haute & Peoria R.R. bonds, . 

Terminal R.R. Association of St. Louis bonds 

Toledo & Ohio Central R.R. bonds, . 

Toronto, Hamilton & Buffalo R'y bonds, 

Vermont Valley R.R. bonds, . 

Wabash R.R. bonds, . 

West Chicago Street R.R. Tunnel bonds, 

West Shore R.R. bonds, . 

Willmar & Sioux Falls R.R. bonds, 



Book Value. 

$49,250 00 

27,468 75 
126,025 00 
133,326 25 

28,584 74 

31,562 50 
164,432 50 

74,350 83 
164,937 22 

64,143 75 

62,437 50 

62,794 

60,775 

33,311 

59,251 

27,375 

25,875 

67,086 

52,679 

45,515 

24,037 
226,887 

53,000 00 

31,906 25 
122,864 17 

28,790 00 

26,093 75 

72,380 00 

25,805 54 

58,875 00 

54,317 

34,250 

54,460 
112,097 

50,875 

43,875 

56,318 



65 
00 
72 
83 
00 
00 
61 
17 
00 
50 
37 



95 
00 
00 
50 
00 
00 
75 



Market Value. 

$49,500 00 
28,000 00 

127,050 00 

135,000 00 
36,300 00 
31,080 00 

157,500 00 
83,750 00 

177,700 00 
66,500 00 
65,000 00 
52,500 00 
60,480 00 
35,000 00 
64,750 00 
25,500 00 
25,000 00 

102,850 00 
57,000 00 
46,000 00 
24,000 00 

243,000 00 
54,500 00 
33,500 00 

125,000 00 
30,500 00 
25,500 00 
77,250 00 
22,500 
58,000 
56,850 
33,600 
59,400 00 

115,000 00 
51,500 00 
54,500 00 
59,500 00 



00 
00 
00 
00 



$11,006,252 01 $13,133,022 97 



"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y. 

[Incorporated 1853.* Commenced business February, 1853.] 

Paid-up Capital, $500,000. 

A. H. SAWYER, President. W. H. STEVENS, Secretary. 

Income. 

Net fire premiums, . " $1,236,617 23 

Interest on mortgage loans, $29,830.17; collaterals, $19, 

674.21; stocks and bonds, $46,427.39; all other, $2,129.46, 98,061 23 

Rents, 4,312 41 

Profit on sale or maturity of ledger assets, .... 4,504 95 

From all other sources, 1,317 74 



Total income, 
Ledger assets, Dec. 31, 1902, . 



. $1,344,813 56 
. 2,453,387 31 



Total, $3,798,200 87 



* Organized as mutual, 1853; incorporated as stock, 1863. 



110 



AGRICULTURAL INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $572,083 97 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 314,847 13 

Salaries, fees, etc , of officers and employees, .... 86,758 65 

Repairs and expenses on real estate, 1,580 77 

Real estate taxes, $3,581.12; other taxes and fees, 845,609.86, 49,190 98 

Loss on sale or maturity of ledger assets, .... 3,838 15 

All other disbursements, 92,419 39 

Total disbursements, $1,170,719 04 

Balance, $2,627,481 83 



Ledger Assets. 

Real estate, $323,260.24; mortgages,* $595,477.73, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages,! 12,265.57 ; stocks and bonds, $8,834.58 ; col- 
lateral loans, f 7,001. 92; other assets, $1,764.07, 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, 



$918,737 97 

446,186 64 

934,832 86 

139,289 77 

188,434 59 

2,627,481 83 



Gross assets, 



29,866 14 
6,681 89 
3,202 73 

$2,667,232 59 



Assets not admitted. 

Agents 1 balances over three months due, 
Special deposits less $65,404.29 liab. thereon 
Depreciation in book value of ledger assets, 
Excess of loan over market value, . 
Total unadmitted assets, . 

Total admitted assets, 



$5,135 16 

35,015 71 

42,149 24 

1,425 00 



83,725 11 

$2,583,507 48 



Liabilities. 

Unpaid losses, including $15,632 resisted, $110,609.77; less 
reinsurance, $29,618.61, 

Unearned premiums on outstanding risks, $1,167,454 . 47 ; plus 
same on disallowed reinsurance, $41,364.14, 

Due for reinsurance premiums, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,287,314 19 

Paid-up capital, 

Surplus over capital and general liabilities, .... 

Total liabilities, 



,991 16 



1,208,818 61 
6,383 52 

$1,296,193 29 

500,000 00 
787,314 19 

$2,583,507 48 



* Value of land, $671,713; buildings, $529,099; insurance thereon, $500,325. 



AGRICULTURAL INSURANCE CO. 



Ill 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 



$255,129,400 00 $2,549,039 00 
.162,639,700 00 1,788,648 00 



$417,769,100 CO $4,337,687 00 
. 155,164,700 00 1,697,911 00 



$262,604,400 00 
. 30,902,200 00 



1,639,776 00 
376,665 00 



Net amount in force, 



$231,702,200 00 $2,263,111 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. 



,190,775 00 

13,923,192 00 

562,614 00 

1,480,000 

400,000 

50,000 

101,800 



00 
00 
00 
00 



Securities held as Collateral. 



Real estate mortgages, 

Deeds of real estate, . 

International Paper Co. stock, . 

International Paper Co. bonds, 

Watertown National Bank stock, 

Union Carriage & Gear Co. stock, 

Brownville Paper Co. stock, 

Brockway Co. stock, . 

Life policy, Traveler's Ins. Co., 

Little Falls & Dolgeville R.R. bonds, 

Nat'l Herkimer County Bank stock, 

Union Nat'l Bank, Schenectady, N. Y., stock, 

Aldrich Paper Co. stock, . 

Bagley & Sewall Co. stock, 

Harmon Machine Co. stock, 

Watertown National Bank stock, 

International Paper Co. stock, . 

Harmon Paper Co. bonds, 

Rome, Watertown & Ogdens. R.R. stock 

Deed of real estate, . 

J. H. Murphy Mfg. Co. stock, . 

Life policy, N. Y. Life Ins. Co., 

Brownville Paper Co. stock, 

Knowlton Brothers stock, 

St. Regis Paper Co. stock, 

Adams & Duford Co. stock, 

Carthage Tissue Paper Mills stock, 

Carthage Sulphite Pulp Co. stock, 

Carthage Machine Co. stock, . 

West End Paper Co stock, 

Carthage Elec. Light & Power Co. stock, 



Market Value. 

$301,430 00 

7,500 

3,512 

1,060 

3,375 

300 

10,000 00 

10,000 00 

2,000 00 

5,000 00 

9,075 00 

10,000 00 

1,000 00 

47,400 

6,750 

2,250 

1,305 

20,000 00 

3,960 00 

6,000 00 

6,000 00 

2,000 00 

16,000 00 

30,000 00 

10,000 00 

3,750 00 

22,500 00 

7,500 00' 

6,250 00 

10,000 00 

13,000 00 



Loaned Thereon. 

$187,846 20 

46,975 10 

4,305 56 

4,640 00 

210 00 

550 00 

8,000 00 

296 00 

15,500 00 

6,000 00 

10,000 00 

6,750 00 

1,200 00 

15,000 00 

3,000 00 

6,000 00 

120 00 
10,500 00 

20,000 00 

2,500 00 
10,000 00 

15,000 00 

6,000 00 



112 



A(J I II CULTURAL INSURANCE CO. 



St. Lawrence Internat'l Electric R.R. bonds, 
Macmillan Co. stock, .... 

International Paper Co. stock, . 
First N'l B'k of the Thousand Islands stock, 
Real estate mortgage, .... 
Carthage Sulphite Pulp Co. stock, . 
Dexter Sulphite Pulp & Paper Co. stock, 
Malone Paper Co. stock, .... 
Carthage Machine Co. stock, . 



Schedule B. 



Market Value. 

$60,000 00 

9,750 00 

1,631 25} 

450 00 } 

325 00) 

36,750 00^ 

14,100 00 ! 

12,000 00 [ 

7,875 00 J 



Loaned Thereon 

$50,000 00 
6,500 00 

1,793 78 



7,500 00 



$721,798 50 $446,186 64 



Stocks and Bonds owned by the Company. 



Watertown N'l B'k, Watertown, N. Y., stock, 

Nat'l Union Bank, Watertown, N. Y., stock, 

Jefferson Co. N'l B'k, Watertown, N Y., stock 

N'l B'k & Loan Co., Watertown, N. Y., stock, 

Carthage Nat'l Bank, Carthage, N. Y , stock, 

First N'l B'k of Thou. Is., Alex. B., N. Y., stock 

Cleveland Sav. & Loan Co., Clev., O., stock, 

Savings, Build'g & Loan Co., Clev., O., stock 

Morris & Essex R R. stock, 

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

Chicago, Mil. & St. Paul R'y stock, . 

Illinois Central R.R. stock, 

Union Pacific Railroad stock, . 

Atchison, Topeka & Santa Fe R'y stock, 

Pennsylvania R R. stock, . 

Western Union Telegraph stock, 

International Paper Co. stock, . 

Hungerford-Holbrook Co. stock, 

Excelsior Carriage Co. stock, . 

Watertown Carriage Co. stock, 

American Car & Foundry Co. stock, 

American Locomotive Co. stock, 

State of Georgia bonds, . 

City of Portland, Ore., bonds, . 

City of Richmond, Va., bonds, . 

Northern Pacific R'y bonds, 

Lehigh Valley R'y, N. Y., bonds, 

Lehigh & Hudson River R.R. bonds, 

Union Pacific R.R. bonds, . 

Galveston, Harrisb. & San Antonio R'y bonds 

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

Erie R.R. bonds, ..... 

Reading Co. bonds, ..... 

Missouri Pacific R'y bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Northern Pacific-Gt. Northern R'y joint bonds 

Connecticut R'y & Lighting Co. bonds, . 

Metropolitan Street R'y bonds, 

Jefferson Power Co. bonds, 

Consol. Water Co. of Utica, N. Y., bonds, 

St. Regis Paper Co bonds, 

West End Paper Co. bonds, 



50 
00 
00 



Book Value. 

$14,925 00 

41,038 

3,935 

14,500 

4,000 00 

1,000 00 

5,000 00 

1,000 00 

19,650 00 

28,985 45 

35,233 75 



70 
33 
00 
00 
31 
98 
00 
00 
00 
50 
00 
60 
00 
00 
00 



18,932 
17,025 
30,575 
65,025 
49,507 
51,599 
26,500 

2,500 

3,500 
27,787 
18,825 
11,724 
62,000 
27,290 
10,000 
21,850 00 

5,000 00 

9,707 03 
21,650 00 

9,562 50 
19,125 00 
19,325 00 
26,937 50 
10,187 51 

9,412 64 
20,100 00 
19,665 56 
40,000 00 
10,250 00 
50,000 00 
50,000 00 



Market Value. 

|23,625 00 
47,016 00 

4,400 
19,500 

4,375 

1,500 

5,000 

1,000 
18,500 
31,812 
58,450 
18,918 
17,650 
27,825 
59,500 
50,748 75 
39,150 00 
26,500 

2,500 

3,500 
20,700 
15,400 
11,800 
60,000 00 
28,620 00 

9,600 
21,450 

5,100 
10,325 
21,000 

8,825 
18,100 
18,400 
26,250 

9,925 

9,350 
18,200 
18,000 00 
40,000 00 

9,000 00 
50,000 00 
50,000 00 



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



00 
00 
00 
00 
00 
00 



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



$934,832 86 $941,514 75 



ALBANY INSURANCE CO. 113 



"ALBANY INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811. Re-organized 

June 1, 1881.] 

Paid-up Capital, $250,000. 

JOHN E. MCELROY, President. CHARLES H. HAHN, Secretary. 

Income. 

Net fire premiums, $189,647 02 

Interest on mortgage loans, $10,007.23 ; bonds, $11,356.98; 

allother, $5,359.14, 26,723 35 

Rents, including company's own occupancy, .... 6,058 32 

Profit on sale or maturity of ledger assets, .... 2,068 65 



Total income, $224,497 34 

Ledger assets, Dec. 31, 1902, less commissions due, . . 525,155 15 



Total, $749,652 49 



Disbursements. 

Net amount paid for fire losses, $87,533 26 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 42,181 65 

Salaries, fees, etc., of officers and employees, . . . . 11,665 00 

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

Repairs and expenses on real estate 2,353 49 

Real estate taxes, $805.51 ; other taxes and fees, $10,529.92, 11,335 43 

All other disbursements, 3,843 70 



Total disbursements, $180,112 53 



Balance, $569,539 96 



Ledger Assets. 

Real estate, $76,890; mortgages,* -$2 12,380, .... $289,27000 

Bonds (schedule A), 240,947 50 

Cash in banks and office, 25,834 31 

Agents' balances, 13,488 15 



Total ledger assets, $569,539 96 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $1,030.55; other assets, $2,063.02, . . . 3,093 57 

Rents due and accrued on company's property, . . . 604 58 

Market value of bonds over book value, 12,007 50 



Gross assets, $585,245 61 

* Value of land, $151,750; buildings, 1315,350; insurance thereon, $255,350. 



114 



ALBANY INSURANCE CO. 



Liabilities. 

Unpaid losses, including $300 resisted, $17,181.89 ; less rein- 
surance, $386.25, 

Unearned premiums on outstanding risks, $134,590.51 ; plus 
same on disallowed reinsurance, f 125, 



All liabilities, except capital and surplus, 

Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, . 



$433,734 46 



$16,795 64 

134,715 51 

$151,511 15 

250,000 00 
183,734 46 



Total liabilities, ......... $585,245 61 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $25,668,603 00 

. 22,041,101 00 

. $47,709,704 00 

. 20,489,785 00 

.$27,219,919 00 

. 2,743,159 00 



Premiums. 

$251,091 38 
243,043 65 

$494,135 03 
208,379 81 

$285,755 22 
27,224 96 



. $24,476,760 00 $258,530 26 



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, .... 



$2,303,059 00 
1,234,806 00 
86,224 00 
465,000 00 
50,000 00 
20,000 00 
27,550 00 



Schedule A. 

Bonds owned by the Company. 



Watervliet Turnpike R.R. bonds, 

Wabash R R. bonds, ..... 

Municipal Gas Lt. Co , Albany, N. Y., bonds, 

Union R.R., N. Y., bonds,. 

St. Louis & San Francisco R.R. bonds, 

People's Gas Light Co., Chicago, bonds, . 

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

Atlantic, Knoxville & Northern R.R. bonds, 

Texas Central R.R. bonds, 

United Traction Co., Albany, N. Y., bonds, 

Detroit & Mackinac R.R. bonds, 

Colorado Fuel & Iron Co. bonds, 

Equitable Gas & Elec. Co., Utica, N. Y., bonds 

Virginia Iron, Coal & Coke Co. bonds, . 

Virginia & South Western R.R. bonds, . 

Schenectady R.R. bonds, .... 



Book Value. 

$7,000 00 

34,885 00 

7,000 

10,000 

24,000 

14,735 

25,000 

15,000 

20,000 00 

11,000 00 

■9,658 00 

5,000 00 

8,000 00 

4,012 50 

20,232 00 

25,425 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 



Market Value. 

$8,120 00 

39,475 

7,210 

11,100 

20,340 00 

16,590 00 

29,375 00 

16,350 00 

21,400 00 

11,000 00 

9,200 00 

4,800 00 

8,520 00 

3,500 00 

20,550 00 

25,425 00 



$240,947 50 $252,955 00 






AMERICAN INSURANCE CO. 115 



"AMERICAN INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-up Capital, $600,000. 

E. O. DOREMUS, President. J. H. WORDEN, Secretary. 

Income. 

Net fire premiums $1,816,315 36 

Interest on mortgage loans, $79,624.39; stocks and bonds, 

$84,781.35, 164,405 74 

Rents, 11,692 06 

Profit on sale or maturity of ledger assets, .... 181,231 67 

Total income, $2,173,644 83 

Ledger assets, Dec. 31, 1902, 4,427,846 93 



Total, $6,601,491 76 

Disbursements. 

Net amount paid for fire losses, $728,309 55 

Interest and dividends to stockholders, 96,497 30 

Interest and dividends to policy holders, 545 00 

Commissions or brokerage, 470,211 38 

Salaries, fees, etc., of officers and employees, .... 100,649 77 

Repairs and expenses on real estate, 4,408 02 

Real estate taxes, $6,010.31 ; other taxes and fees, $58,082.29, 64,092 60 

Loss on sale or maturity of ledger assets, .... 1,510 53 

All other disbursements, 128,804 90 



Total disbursements, $1,595,029 05 



Balance, $5,006,462 71 

Ledger Assets.* 



Real estate, $447,000; mortgages,! $1,555,982.91, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Bills receivable, 



$2,002,982 91 

2,418,510 15 

249,660 27 

183,609 60 

151,699 78 



Total ledger assets, $5,006,462 71 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $25,851.36; stocks and bonds, $31,221.89, . 57,073 25 
Rents due on company's property, 475 40 



Gross assets, $5,064,011 36 

* The company holds also instalment premium notes to the amount of $10,953.70, which 
do not enter into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily he counterbalanced by the 
addition of an amount exactly equal to the reinsurance liability, the entire sum consisting 
of " unearned premiums." 

t Value of land, $1,698,195; buildings, $2,186,240; insurance thereon, $1,878,900. 



116 



AMERICAN INSURANCE CO. 



Assets not admitted. 

Agents 1 balances over three months due, . $3,846 59 

Bills receivable, past due, .... 18,566 47 

Special deposits less $7,341.41 liab. thereon, . 42,658 59 

Depreciation in book value of stocks and bonds, 39,450 15 

Total unadmitted assets, .... 

Total admitted assets, 



$104,521 80 
$4,959,489 56 



Liabilities. 

Unpaid losses, including $5,500 resisted, $184,399.20; less 
reinsurance, $26,723.15, 

Unearned premiums on outstanding risks, $2,068,241.09 ; plus 
same on disallowed reinsurance, $1,626.86, .... 

Dividends due stockholders, $401.05 ; policy holders, $193, . 

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, . 



1,721,590 10 



$157,676 05 

2,069,867 95 

594 05 

9,761 41 

$2,237,899 46 

600,000 00 
2,121,590 10 



Total liabilities $4,959,489 56 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$335,449,316 00 
. 207,249,330 00 

$542,698,646 00 
. 169,823,433 00 

$372,875,213 00 
. 24,834,179 00 



Premiums. 

$3,622,227 85 
2,371,718 32 

$5,993,946 17 
1,933,117 27 

$4,060,828 90 
310,386 76 



$348,041,034 00 $3,750,442 14 



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 (16 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, .... 

Consolidated Traction Co. (N. J.) bonds, 
Easton & Amboy R.R. (N. J.) bonds, 
Lehigh Valley R.R. bonds, 
Long Dock (Jersey City) bonds, 
Morris & Essex R.R. bonds, 



$17,604,552 00 

7,674,853 00 

789,662 00 

2.565,455 00 

600,000 00 

96,000 00 

75,955 00 



Book Value. 


Market Value. 


. $100,000 00 


$100,000 00 


134,273 61 


129,320 00 


123,627 08 


123,210 00 


220,978 13 


218,000 00 


238,585 26 


238,650 00 


123,851 84 


124,000 00 






AMERICAN CENTRAL INSURANCE CO. 117 



Newark (N. J.) Passenger R'y bonds, 
N. Y. & Greenwood Lake (N. J.) bonds, 
N. Y., L. Erie & West. Dock & Imp. bonds, 
N. Y., Susquehanna & Western R.R. bonds, 
North Hudson Co. (N. J.) bonds, 
United N. J R.R. & Canal Co. bonds, 
Borough of Madison, N. J., bonds, . 
Newark Gas Co. bonds, .... 
American Dock and Improvement Co. bonds, 
Trenton Passenger R'y Co. bonds, . 
Midland R.R. Co., N. J., bonds, 
2,000 " Morris & Essex R.R , . 
1,000 " United N. J. R.R. & Canal Co., 



Book Value. Market Value. 

$144,068 59 $141,250 00 

104,241 39 104,000 00 

122,132 59 119,780 00 

45,138 15 44,000 00 

132,662 60 132,500 00 

106,219 71 107,000 00 

23,000 00 23,000 00 

145,067 18 141,120 00 

125,769 20 125,440 00 

40,386 93 40,320 00 

15,470 00 15,470 00 

195,665 64 185,000 00 

277,372 25 267,000 00 



$2,418,510 15 $2,379,060 00 



"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $1,000,000. 

GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 

Income. 

Net fire premiums, $1,861,219 67 

Intereston mortgage loans, $3, 19 1.73 ; collaterals, $16,911.40 ; 

stocks and bonds, $126,025.43; all other, $3,301.01, . . 149,429 57 



Total income, $2,010,649 24 

Ledger assets, Dec. 31, 1902, less commissions due, . . 2,947,834 11 

Total, $4,958,483 35 

Disbursements. 

Net amount paid for fire losses, $817,524 35 

Interest and dividends to stockholders, 100,000 00 

Commissions or brokerage, 351,614 06 

Salaries, fees, etc., of officers and employees, .... 99,230 80 

Rents 5,000 00 

Taxes and fees, 71,609 29 

Loss on sale or maturity of ledger assets, .... 93 75 

All other disbursements, 187,655 88 

Total disbursements, $1,632,728 13 

Balance, $3,325,755 22 

Ledger Assets. 

Mortgages,* $9,500 00 

Loans secured by collateral (schedule A), . . . 421,500 00 

Stocks and bonds (schedule B), 2,513,412 00 

Cash in banks and office, 178,645 04 

Agents' balances, 202,698 18 

Total ledger assets, $3,325,755 22 

* Value of property, $27,700; insurance thereon, $17,100. 



118 



AMERICAN CENTRAL INSURANCE CO. 



Non-Ledger Assets. 
Market value of stocks and bonds over book value, 



Gross assets, 



. $456,203 00 



1,781,958 22 



Assets not admitted. 

Special deposits less $28,129.85 liability thereon, . 

Total admitted assets, 



46,595 15 
1,735,363 07 



Liabilities. 

Unpaid losses, including $11,198.15 resisted, $185,118.04; 

less reinsurance, $23,202.30, $161,915 74 

Unearned premiums on outstanding risks, $1,370,444.62 ; plus 

same on disallowed reinsurance, $47.40, .... 1,370,49202 

All liabilities, except capital and surplus, . . .$1,532,407 76 
Surplus to policy holders, .... $2,202,955 31 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,202,955 31 

Total liabilities, $3,735,363 07 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$181,828,749 00 $2,152,030 22 
. 200,672,008 00 2,495,727 97 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$382,500,757 00 $4,647,758 19 
.147,442,803 00 1,861,362 04 



$235,057,954 00 $2,786,396 15 
. 15,076,204 00 195,473 47 



$219,981,750 00 $2,590,922 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 (10 per cent.), 
Company's stock owned by directors, .... 



$26,664,011 00 
13,046,449 00 
864,451 00 
1,731,412 00 
100,000 00 
145,600 00 



Schedule A. 

Securities held as Collateral 



Nashville Terminal Co. bonds, 

650 shares Nat'l B'k of Commerce, St. Louis, . 

700 " Broadway Real Estate Co., St. Lo., . 



Market Value. Loaned Thereon. 

$125,000 00 $100,000 00 

208,000 00 180,000 00 

70,000 00 60,000 00 



AMERICAN CENTRAL INSURANCE CO. 



119 



50 shares Commonwealth Trust Co., St. Lo., 
68 " National Bank of Com., St. Louis, 
10 " Mercantile Trust Co., St. Louis, 
Little Rock & Hot Springs West. R.R. Co. b'ds 
St. Louis & Suburban R'y Co. bonds, 
Lindell R'y Co., St. Louis, bonds, 
Mo., Kas. & Eastern R'y Co. bond, . 
Missouri Edison Electric Co., St. Louis, bond, 
Century Building Co., St. Louis, bond, . 
200 shares Am. Car & Foundry Co., N. J., 



300 
100 
70 
18 
10 
10 



Republic Iron & Steel Co., N. J., 
Central Coal & Coke Co., Mo., 
Mercantile Trust Co., St. Louis, 
U. S. Steel Corporation, N. J., 
Simmons Hardware Co., St. Louis, 
W't'gh'se Aut. Air & S. Coup'r Co., 



Schedule B. 



Market Value. 

$12,300 00 
21,760 

3,400 

4,300 

2,060 

2,070 

1,050 
965 

1,050 
13,600 



Loaned Thereon. 

$10,000 00 
21,500 00 



1,950 00 

6,000 00 

23,800 00 

189 00 
1,000 00 

400 00 J 



00 
00 
00 
00 
00 
00 
00 
00 
00 } 50,000 00 



$498,894 00 f 421, 500 00 



Stocks and Bonds owned by the Company. 



John Scullin Collateral Trust gold notes, 
St. Louis Transit Co. notes, 

United States bonds, 

National Enameling & Stamping Co. bonds, 

Kansas City, Ft. Scott & Memphis R.R. Co. b'ds 

Missouri Electric Light & Power Co. bonds, 

St. Louis Merchants' Bridge Co. bonds, . 

Union Depot Railway Co. bonds, 

Central of Georgia R'y Co. bonds, . 

Pontiac Building Co. bonds, 

Lincoln Real Estate Building Co. bonds, . 

City of Portland, Ore., bonds, . 

Southern Railway Co. bonds, . 

St. Louis & San Fran. R.R. Co. bonds, 

St. Clair, Madison & St. Louis Belt R'y bonds 

St. Louis, Iron Mt. & Southern R.R. Co. b'ds, 

Atlantic City R.R. Co. bonds, . 

Little Rock & Hot Sp'gs West'n R.R. Co. b'ds 

Ft. Worth & Rio Grande R.R. Co. bonds, 

Laclede Gas Light Co. bonds, . 

St. L. T C. B. & Omaha R.R. Co. bonds, . 

Chicago, Burlington & Quincy R.R. Co. b'ds, 

St. Louis County Park bonds, . 

Peirce City, Mo., bonds, .... 

State of Georgia bonds, .... 

Ft. Worth & Denver City R.R. Co. bonds, 

Ills Central R.R. Co. bonds, 

Norborne, Mo., school bonds, . 

National Bank of Commerce, St. Lo., stock, 

Boatmen's Bank, St. Louis, stock, . 

Mechanics' National Bank, St Louis, stock, 

Laclede Gas Light Co., St. Louis, stock, . 



00 
00 
00 
00 
00 
00 



Book Value. 

$246,250 00 

209,250 00 

211,750 

103,000 
86,625 
98,640 
85,950 
80,875 
55,687 50 
48,000 00 
52,500 00 
53,000 00 
48,000 00 
35,150 00 
30,430 00 
26,875 00 
24,500 00 
23,718 75 
23,025 00 
13,846 25 
18,000 00 
14,850 00 
17,625 00 
15,000 00 
11,725 00 
11,387 50 
8,800 00 
4,500 00 

814,345 00 

11,800 00 

25,025 00 

3,282 00 



Market Value. 

$250,000 00 
215,000 00 
212,000 00 
100,000 00 
79,000 00 
100,320 
92,650 
85,500 
52,000 
50,000 
53,000 
53,000 
46,500 
31,100 
32,700 00 
27,750 00 
24,750 00 
21,500 00 
18,500 
24,150 
18,900 
15,000 
15,300 
15,000 
11,725 
10,300 

8,000 

4,500 

1,248,000 

23,200 00 

24,570 00 

5,700 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



1,513,412 00 $2,969,615 00 



120 



AMERICAN FIRE INSURANCE CO. 



" AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 

Paid-up Capital, $500,000. 

T. II. MONTGOMERY, President. JOHN H. PACKARD, Jr., Vice-Pres. and Secretary. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 
Interest on mortgage loans, $38,811.24 



collaterals, f 11,- 



355.04; stocks and bonds, $42,754.70; all other, $148.81, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, . 

Total income, .... 
Ledger assets, Dec. 31, 1902, 



,648,567 21 

28,731 70 

93,069 79 

9,900 84 

9,136 78 

2,553 75 

. $1,791,960 07 

. 2,475,020 22 



Total $4,266,980 29 

Disbursements. 

Net amount paid for fire losses, $754,986 64 

Deposit premiums returned, 24,125 63 

Interest and dividends to stockholders, 30,000 00 

Commissions or brokerage, 405,748 97 

Salaries, fees, etc., of officers and employees, . . . 127,778 93 

Rents, including company's own occupancy, .... 6,000 00 

Repairs and expenses on real estate, ..... 7,964 94 

Real estate taxes, $2,392.57 ; other taxes and fees, $37,743.57, 40,136 14 

Loss on sale or maturity of ledger assets, .... 1,847 71 

Accounts charged off', . 6384 88 

All other disbursements, 69,783 33 

Total disbursements, f 1,475,257 17 

Balance, $2,791,723 12 



Ledger Assets. 

Real estate, $398,080.21 ; mortgages,* $761,212.40, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 balances, 

All other ledger assets, 



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, 



11,159,292 61 

150,210 00 

1,160,523 59 

105,440 21 

196,175 50 

20,081 21 

2,791,723 12 



11,806 57 

2,159 29 

27,151 37 

1,832,840 35 



* Value of land, $715,632; buildings, $877,550; insurance thereon, $670,430. 



AMERICAN FIRE INSURANCE CO. 



121 



Assets not admitted. 

Special deposits less $17,088 liability thereon, 

Total admitted assets, .... 



$39,412 00 
1,793,428 35 



Liabilities. 

Unpaid losses, including $ 16,283. 39 resisted, $ 173,501. 26 
less reinsurance, $6,815.74, 

Unearned premiums on outstanding risks, $1,241,074.03 ; plus 
same on disallowed reinsurance, $7,789.98, . 

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, . 



$806,823 80 



$166,685 52 

1,248,864 01 
571,055 02 

$1,986,604 55 

500,000 00 
306,823 80 

$2,793,428 35 



Fire risks outstanding Dec. 31, 1902 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$205,845,593 00 $2,486,013 01 
. 150,803,985 00 2,035,459 49 



Total, 

Risks expired and terminated, . 

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



$356,649,578 00 
. 142,213,304 00 

$214,436,274 00 
. 26,880,015 00 



54,521,472 50 
1,878,571 50 

2,642,901 00 
312,210 74 



Net amount in force, .... $187,556,259 00 $2,330,690 26 
Perpetual risks in force (not included above), $22,411,377 00 $625,807 88 



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, . 



$42,845,802 00 

24,624,398 00 

777,289 00 

2,985,936 00 

30,000 00 

26,500 00 



Schedule A, 



100 shares Electric Storage Battery Co., 
200 " Philadelphia Co., . 
175 " U S. Steel Corporation, 
100 " Philadelphia Electric Co 
100 " Pennsylvania R.R. Co., 
100 " Lehigh Valley R.R. Co., 
12 " Bank of North America, 
Buffalo City Gas Co. bond, 



Securities held as Collateral. 

Market Value. Loaned Thereon. 

$7,300 00^ 



8,250 00 
5,590 00 

618 75 
5,950 00 
3,675 00 i 
3,336 00 ! 

710 00 J 



J> $30,000 00 



122 



AMERICAN FIRE INSURANCE CO. 



500 shares Philadelphia Co., 

4 " Fire Association of Philadelphia, 

200 " Electric Co. of America, . 
20 " Electric Storage Battery, 

American Railways Co. bonds, 

Allegheny Valley R.R. Co. bond, 

Camden & Suburban R'y Co. bonds, 

Lehigh Valley R R. Co. bond, . 
200 shares Cambria Steel Co., 
100 " Lehigh Valley R.R. Co., 
100 " U. S. Steel Corporation, 
46 " United Gas Imp. Co., . 
500 " Electric Co. of America, 
200 " Pennsylvania R.R. Co.,. 
200 " American Railways Co., 
150 " American Cement Co., . 

5 " Fourth Street National Bank 
500 " Electric Co. of America, 
100 " United Gas Imp. Co., . 
500 " U. S. Steel Corporation, 

1,000 " Philadelphia Electric Co., 
100 " General Asphalt Co., . 

Omaha Water Co. bonds, . 
81 shares Pennsylvania R.R. Co., . 
87 " United Firemen's Ins. Co. (Phila.) 

400 " Erie R.R. Co., . 

Baltimore & Ohio R.R. Co. bonds, . 

Lehigh Coal & Navigation Co. bonds, 



Schedule B. 



Market Value. 

$21,000 00 ^ 

1,572 00 

1,675 00 . 

1,190 00 J 
12,837 50 

1,032 50 

3,060 00 

1,370 

3,800 

3,675 

1,250 

4,013 

4,187 
11,900 

8,900 

1,181 

1,265 

4,188 88^ 

8,725 00 J 

6,250 00 



Loaned Thereon. 



}> $20,000 00 



00 
00 

ou 

00 

50 

50 

00 

00 

25 J 

00 



} 45,000 00 



700 00 



6,188 00 
3,112 50 j 
8,100 00 J 
4,819 50 
1,653 
27,500 
4,687 
3,540 



} 25,000 00 



00 
00 
50 
00 



2,610 00 

900 00 

25,000 00 

1,000 00 



|198,103 38 $150,210 00 



Stocks and Bonds owned by the Company. 



Ashtabula & Pittsburgh R.R. bonds, 
Seaboard & Roanoke R.R. bonds, 
Belt Road & Stock Yards bonds, 
Atlantic Coast Line R.R. Co. bonds, 
American Railways Co. bonds, 
Baltimore & Ohio R.R. bonds, . 
Electric & People's Traction bonds, 
Berwyn water bonds, 
Camden & Atlantic R.R. bonds, 
Choc, Oklahoma & Gulf R R. Co. bonds^ 
Chesapeake & Ohio R'y Car Trust bonds, 
Central R.R. of New Jersey bonds, . 
Denver & Rio Grande R.R. Co. bonds, 
Erie R.R Co. Car Trust bonds, 
Glenwood Highway Bridge Co. bonds, 
Northwestern Guaranty debentures, 
Pittsburg, Chartiers & Yough. R.R. bonds, 
Huntingdon & Broad Top Mt. R.R. bonds, 
Lehigh Valley R.R. bonds, 
Mortgage Trust Co. of Penn. bonds, 
Middlesex Banking Co bonds, 
Northern Central R.R. bonds, . 
Northern Pacific R.R. bonds, . 
Omaha Loan & Trust Co. debentures, 
Penn. & N. Y. Canal & R.R. Co. bonds, 



Book Value. 

$15,972 76 
42,550 00 
20,280 00 
23,634 44 
34,562 50 
35,750 
22,720 

9,500 
15,750 
32,543 
19,852 
14,213 
14,868 08 
26,087 75 
10,940 
22,543 

9,250 
19,412 
85,553 
25,000 00 
25,000 00 

7,000 00 
15,000 00 

7,000 00 
82,956 53 



00 
00 
00 
00 
00 
58 
33 



65 
65 
00 
50 
94 



Market Value. 

$16,350 00 
44,000 00 
22,000 00 
23,250 00 
34,475 
35,800 
34,825 
10,900 
16,200 
32,400 
19,345 
14,100 
15,112 
25,610 00 
11,200 00 

9,017 46 

9,400 
20,725 
96,765 
21,500 
23,750 

7,070 
10,575 

5,600 



00 
00 
00 
00 
00 
00 
00 
00 
50 



00 
00 
00 
00 
00 
00 
00 
00 



83,600 00 



UNDERWRITERS AT AMERICAN LLOYDS. 



123 



City of Portland water bonds, . 
Iron Mountain Car Trust bonds, 
Allegheny Valley R.R. bonds, . 
Western N. Y. & Penn. R.R. bonds,. 
Wheeling & Lake Erie R.R. bonds, . 
Hughesville water bonds, . 
Philadelphia & Reading R.R. bonds, 
Steubenville & Indiana R.R. bonds, . 
Springfield water bonds, . 
Second Avenue Traction Co., Pitts., bonds, 
United Traction Co., Pittsburgh, bonds, 
Lafayette Street R'y Co. bonds, 
Philadelphia Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
Pennsylvania Co. bonds, . 
St. Louis & San Francisco R.R. Co. bonds, 
Seaboard Air Line R'y Co. bonds, . 
Southern R'y Co. bonds, . 
500 shares Cambria Iron Co., . 
45 " Wheeling & Lake Erie R.R., 



Book Value. 

|50,000 00 

25,252 36 

6,103 07 

5,985 00 

34,271 20 

21,000 00 

137,581 91 

20,419 

9,850 

11,275 

24,440 

21,080 00 

24,812 50 

42,856 01 

23,977 50 

24,506 60 

3,060 00 

14,547 67 

21,562 50 



59 

00 
00 
97 



Market Value. 

$56,500 00 
25,000 00 

5,850 00 

5,850 00 
33,350 00 
18,000 00 
146,387 50 
22,627 50 
11,200 00 
12,650 00 
28,000 00 
21,200 00 
24,500 00 
41,600 00 
23,750 00 
25,000 00 

2,955 00 
14,400 00 
23,500 00 

1,785 00 



.,160,523 59 $1,187,674 96 



"UNDERWRITERS AT AMERICAN LLOYDS, 1 ' NEW YORK. 

[Commenced business April, 1890.] 
GEORGE A. STANTON, Attorney. 

Income. 

Net fire premiums, $257,364 09 

Interest on bonds, 17,611 02 

From all other sources, 3,205 95 

Total income, $278,181 06 

Ledger assets, Dec. 31, 1902, 607,323 04 

Total, $885,504 10 

Disbursements. 

Net amount paid for fire losses, $44,073 20 

Cash dividends paid 35,258 76 

Commissions or brokerage, 92,938 93 

Fees of ofiicers, 3,320 00 

Taxes and fees, 5,270 05 

Retiring subscribers, 20,230 46 

All other disbursements, 1,073 96 

Total disbursements, $202,165 36 

Balance, $683,338 74 

Ledger Assets. 

Bonds (schedule A), $592,225 00 

Cash in banks, 54,131 19 

Agents' balances, 36,982 55 

Total ledger assets, $683,338 7 4 



124 



UNDERWRITERS AT AMERICAN LLOYDS. 



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

Gross assets, 

Assets not admitted. 
Depreciation in book value of bonds, .... 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $128,429.82 ; plus 

same on disallowed reinsurance, $4,860.68, 
Due for return premiums, $ 3,204. 79 ; reinsurance, $1,255.09 
Special reserve for contingencies, ..... 

All liabilities, except subscribers 1 deposits and surplus, 
Surplus to policy holders, .... $456,528 58 

Subscribers' deposits paid up, 

Surplus over subscribers' deposits and general liabilities, 



$6,086 67 



,425 41 



42,225 00 

$647,200 41 



$2,921 45 

133,290 50 

4,459 88 

50,000 00 

$190,671 83 

102,000 00 

354,528 58 



Total liabilities, $647,200 41 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



. $24,828,545 00 

. 32,839,995 00 

. $57,668,540 00 

. 29,639,703 00 

. $28,028,837 00 

. 1,267,013 00 



Premiums. 

$244,994 28 
309,830 03 

$554,824 31 
286,595 60 

$268,228 71 
11,369 07 



Net amount in force, . 



.$26,761,824 00 $256,859 64 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 

Schedule A. 
Bonds owned by the Company. 



New York city bonds, .... 
Brooklyn city (East River Bridge) bonds, 
West Shore R R. bonds, .... 
Pitts., Cin., Chic. & St. Louis R.R. bonds, 
Indiana State bonds, ..... 
Massachusetts State bonds, 
Essex Co. Park (N. J.) bonds,. 
Metropolitan Street Kailway bonds, 



Book Value. 

$280,000 00 
55,500 00 
46,000 00 
26,625 00 
30,000 00 
33,975 00 
59,000 00 
61,125 00 



.2,748,614 00 
1,085,864 00 

39,919 00 
350,676 00 

35,259 00 



Market Value. 

$275,000 00 
50,000 00 
40,000 00 
25,000 00 
30,000 00 
30,000 00 
50,000 00 
50,000 00 



$592,225 00 $550,000 00 



AMERICAN MUTUAL FIRE INSURANCE CO. 125 



"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. 

Income. 

Net premiums, $204,721 13 

Interest on stocks and bonds, $9,069.75 ; all other, $493.91, . 9,563 66 

Total income, $214,284 79 

Ledger assets, Dec. 31, 1902, 238,295 60 

Total $452,580 39 

Disbursements. 

Net amount paid for losses, $11,659 34 

Profits on terminated policies, 164,941 76 

Salaries of officers and employees, 4,429 90 

Taxes and fees, 3,726 68 

All other disbursements, 4,561 79 

Total disbursements, $189,319 47 

Balance, $263,260 92 

Ledger Assets. 

Stocks and bonds (schedule A), $243,562 90 

Cash in banks, 14,726 84 

Premiums in course of collection, 4,971 18 

Total ledger assets, $263,260 92 

Non-Ledger Assets. 

Interest due and accrued on bonds, 2,490 71 

Market value of stocks and bonds over book value, . . 1,662 10 

Gross assets, $267,413 73 

Liabilities. 

Unpaid losses, $1,206 58 

Unearned premiums on outstanding risks, .... 101,82541 

Taxes accrued, 3,166 64 



All liabilities, except surplus, $106,198 63 

Surplus, 161,215 10 

Total liabilities, $267,413 73 



126 



ASSURANCE COMPANY OF AMERICA. 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $21,939,748 00 $181,731 96 $908,659 80 

Risks written during 1903, . 25,977,238 00 215,764 25 1,078,82125 



Total, $47,916,986 00 $397,496 21 $1,987,481 05 

Risks expired and terminated, . 23,776,746 00 193,845 39 969,226 95 



In force at end of year, 



.$24,140,240 00 $203,650 82 $1,018,254 10 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 90.13 per cent. 



$12,184 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Rhode Island State bonds, 

Providence city bonds, .... 

Boston city bonds, 

Denver City Tramway Co. bonds, . 
117 shares Providence & Worcester R.R., 



150 

100 
130 
100 
40 
100 
200 
105 
300 



Old Colony R.R., . 
N. Y., N. H. & Hartford R.R., 
Morris & Essex R.R., 
Cleveland & Pittsburg R.R., . 
Illinois Central R.R., 
Chicago, Great Western R R., 
Pitts., Bessemer & Lake Erie R.R. 
West End St. R.R., . 
Pennsylvania R.R., . 



Book Value. 

$38,000 00 
22,000 00 
20,000 00 

8,000 00 
29,835 00 
27,750 00 
18,267 
11,395 

9,550 

4,200 

9,000 00 
15,400 00 

9,850 00 
20,315 00 



90 
00 
00 
00 



Market Value . 

$38,000 00 
20,400 00 
20,425 00 

8,000 00 
33,345 00 
30,000 00 
19,600 00 
11,960 00 

9,100 00 

4,200 00 

8,600 
14,400 

9,345 
17,850 



00 
00 
00 
00 



$243,562 90 $245,225 00 



"ASSURANCE COMPANY OF AMERICA, 1 ' 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, $34,231.26 ; all other, $4,023.16, 

Total income, 

Ledger assets, Dec. 31, 1902, 



$684,330 16 
38,254 42 

$722,584-58 
1,255,398.,22 



Total, 



$1,977,982 80 



ASSURANCE COMPANY OF AMERICA. 127 



Disbursements. 

Net amount paid for fire losses, $480,355.78; marine, 

$1,152.71, $481,508 49 

Commissions or brokerage, «, 237,749 37 

Salaries, fees, etc., of officers and employees, .... 2,520 00 

Taxes and fees 28,665 31 

All other disbursements, 4,900 48 



Total disbursements, $755,343 65 



Balance, $1,222,639 15 

Ledger Assets. 

Bonds (schedule A), $1,067,968 75 

Cash in banks, 91,858 94 

Agents 1 balances, . . . 62,811 46 



Total ledger assets $1,222,639 15 

Non-Ledger Assets. 
Interest accrued on bonds, 4,754 54 



Gross assets, $1,227,393 69 

Assets not admitted. 
Depreciation in book value of bonds, 41,293 75 



Total admitted assets, $1,186,099 94 

Liabilities. 

Unpaid losses, including $3,710 resisted, $76,876 ; less rein- 
surance, $2,657, $74,219 00 

Unearned premiums on outstanding risks, $443,602.78 ; plus 

same on disallowed reinsurance, $2,467.04, . . . . 446,069 82 

Dividends due stockholders, 17,456 47 



All liabilities, except capital and surplus, . . . $537,745 29 
Surplus to policy holders, .... $648,354 65 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 248,354 65 



Total liabilities, $1,186,099 94 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

.$91,558,057 00 $1,177,622 25 
. 85,884,839 00 1,143,869 44 



$177,442,896 00 $2,321,491 69 
.108,182,481 00 1,406,804 13 



,260,415 00 $914,687 56 
3,848,677 00 48,923 56 



Net amount in force, $65,411,738 00 $865,764 00 



128 



ATLANTIC MUTUAL INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Company's stock owned by directors, .... 



$4,476,355 00 

2,647,806 00 

455,210 

1,153 

265,456 

195,300 



00 
00 
00 
00 



Schedule A. 

Bonds owned by tlie Company. 



New York City bonds, .... 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Chicago & Alton R.R. Co bonds, 
Denver & Rio Grande R.R, Co. bonds, 
Manhattan Railway Co. bonds, 
Missouri Pacific Railway Co. bonds, 
Oregon Short Line Railway Co. bonds, 
Richmond & Danville R.R Co. bonds, 
Sciota Valley & New England R.R. Co. b'ds, 
Terminal R.R. Ass'n of St. Louis bonds, 
Third Avenue R.R. Co. bonds, . 



Book Value. 

514,560 00 
30,600 00 
36,400 00 
16,565 00 
20,200 00 
41,598 75 
12,100 
24,790 
11,100 
20,300 
20,000 00 
19,755 00 



00 
00 
00 
00 



Market Value. 

$776,000 00 
29,775 
37,175 
16,200 
2d,000 
41,000 
11,825 
24,900 
10,850 
19,600 
20,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



19,350 00 



$1,067,968 75 $1,026,675 00 



"ATLANTIC MUTUAL INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 11, 1842. Commenced business July 1, 1S42.] 
A. A. RAVEN, President. G. STANTON FLOYD-JONES, Secretary. 

Income. 

Net marine premiums, $3,013,944 82 

Interest on collaterals, $5,563.47; stocks and bonds, $290,- 

576.13; allother, $40,045.60, 336,185 20 

Rents, 224,104 18 

Profit on sale or maturity of ledger assets, .... 54,296 01 
From all other sources, 2,604 97 

Total income, $3,631,135 18 

Ledger assets, Dec. 31, 1902, 12,132,543 93 

Total, $15,763,679 11 



Disbursements. 

Net amount paid for marine losses, $1,142,302 07 

Commissions or brokerage, 62.153 58 

Salaries, fees, etc., of officers and employees, .... 344,094 84 

Repairs and expenses on real estate, 63,560 18 

Real estate taxes, $48,620 . 23 ; other taxes and fees, $43,907 . 79, 92,528 02 

Loss on sale or maturity of ledger assets, .... 34,459 05 

Cash paid for redemption of scrip, 946,540 00 



ATLANTIC MUTUAL INSURANCE CO. 



129 



Interest paid to scrip holders, 
All other disbursements, . 

Total disbursements, . 



Balance, 



. $418,457 80 
61,795 23 

. $3,165,890 77 

112,597,788 34 



Ledger Assets. 

Real estate, 

Stocks and bonds (schedule A), 

Cash in banks and with foreign bankers, 

Bills receivable, 

Overdue notes, 

Scrip owned by the company, . 

Total ledger assets, 



$3,864,305 84 

5,650,220 05 

1,883,715 93 

1,132,607 28 

48,599 24 

18,340 00 

$12,597,788 34 



Assets not admitted. 

Company's scrip owned, $18,340 00 

Bills receivable, past due, .... 73,984 64 

Depreciation in book value of ledger assets, . 480,441 89 

Total unadmitted assets, 

Total admitted assets, 



572,766 53 
$12,025,021 81 



Liabilities. 

Unpaid losses, including $14,100 resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued, .... 
Due for return premiums, 
Miscellaneous, 



All liabilities, except scrip and surplus, . 
Surplus to policy holders, .... 
Scrip outstanding not ordered to be redeemed, 
Surplus over scrip and general liabilities, 

Total liabilities, 



. $1,792,666 00 

724,151 84 

218,391 48 

50,360 17 

108,061 77 

20,787 61 



>,1 10,602 94 



£2,914,418 87 

7,343,730 00 
. 1,766,872 94 

$12,025,021 81 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

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

In force at end of year, 



$139,192,875 00 
. 672,950,276 00 



Premiums. 

$800,403 56 
3,174,147 73 



$812,143,151 
.681,580,760 



00 $3,974,551 29 
CO 3,250,399 45 



$130,562,391 00 $724,151 84 



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, 



$218,302,397 00 

125,424,860 00 

. 1,500,000 00 

. 1,266,613 00 



130 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the Company. 



New York State bonds, . 
District of Columbia bonds, 

United States bonds, 

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

N. Y., Chicago & St. Louis R.R. bonds, . 

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

Brooklyn & Montauk R.R. bonds, . 

Underwriters 1 Salvage Co. of N. Y. bonds, 

United States Mortgage & Trust Co. stock, 

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

Metropolitan Trust Co. stock, . 

Consolidated Gas Co., N. Y., stock, 

New York City stock, 

Atlantic Safe Deposit Co. stock, 

Pennsylvania R R. Co stock, . 

N. Y., Lackawanna & Western R.R. stock, 

Morris & Essex R.R. Co. stock, 

Delaware, Lackawanna & Western R.R. stock 

Chicago & Northwestern R'y Co. stock, 

American Exchange Bank stock, 

Bank of America stock, . 

Bank of Commerce stock, 

Bank of New York stock, 

Leather Manufacturers' Bank stock, 

Merchants 1 Bank stock, 

Mechanics 1 Bank stock, 

Manhattan Company Bank stock, 

Market & Fulton Bank stock, . 

Fhenix Bank stock, . 



Book Value. 

$320,875 00 
1,080,014 29 

558,843 

139,000 

195,357 

203,312 

75,000 

1,000 

26,420 

358,403 

294,558 
80,065 

713,804 
20,490 

374,606 
61,687 
34,475 

159,212 

180,075 00 

113,004 82 
61,765 49 

115,437 11 

154,805 98 
35,575 65 
80,203 98 
52,438 97 
25,524 81 
45,080 00 
89,183 11 



00 
00 
50 
50 
00 
00 
01 
39 
63 
31 
25 
00 
25 
50 
00 
50 



Market Value.* 

$300,000 00 

1,025,000 00 

500,000 00 

111,200 00 

150,000 00 

150,000 00 

60,000 00 

1,000 00 

26,420 00 

417,380 00 

281,750 10 

70,000 00 

703,520 00 

16,800 00 

330,000 00 

61,687 00 

34,475 00 

159,212 00 

180,075 00 

90,000 00 

50,000 00 

80,500 00 

94,200 00 

25,600 00 

70,150 00 

47,675 00 

18,000 00 

33,300 00 

82,140 00 



$5,650,220 05 $5,170,084 00 



"BLACKSTONE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated August, 1868. Commenced business August, 1868.] 
WM. B. McBEE, President. JAMES H. SWEET, Secretary. 



Income. 

Net premiums, 

Interest on stocks and bonds, $22,164.91 ; all other, 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1902, .... 



Total, 



53,555.27, 



$536,961 03 

25,720 18 

6,921 50 

$569,602 71 
548,697 63 



. $1,118,300 34 



* Estimated for the purpose of permanent investment 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 131 



Disbursements. 

Net amount paid for losses, $33,123 21 

Profits on terminated policies, 427,607 31 

Salaries, fees, etc., of officers and employees, .... 10,239 10 

Rents, 1,360 03 

Taxes and fees, ' . 9,502 48 

Loss on sale or maturity of ledger assets, .... 3,132 64 

Inspections, 8,273 16 

All other disbursements, 1,738 29 

Total disbursements, $494,976 22 

Balance, $623,324 12 

Ledger Assets. 

Stocks and bonds (schedule A), $505,807 96 

Cash in banks, . 108,542 30 

Premiums in course of collection, 8,973 86 

Total ledger assets, $623,324 12 

Non-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $7,466.48 ; other assets, $1,108.22, . 8,574 70 

Market value of stocks and bonds over book value, . . 69,569 04 

Gross assets, $701,467 86 

Liabilities. 

Unpaid losses, $4,551 39 

Unearned premiums on outstanding risks, .... 265,957 73 

Taxes, 8,237 63 

All liabilities, except surplus, $278,746 75 

Surplus, 422,721 11 

Total liabilities, $701,467 86 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $57,056,682 00 $458,579 33 $2,292,896 65 

Risks written during 1903, . 68,241,340 00 558,854 26 2,794,271 30 

Total $125,298,022 00 $1,017,433 59 $5,087,167 95 

Risks expired and terminated, . 60,627,259 00 485,518 13 2,427,590 65 

In force at end of year, . . $64,670,763 00 $531,915 46 $2,659,577 30 

Miscellaneous. 

Losses incurred during the year, $36,295 00 

Profits or surplus returned during 1903, 92.27 per cent. 



132 BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



Schedule A. 



Stocks and Bonds owned by the Company. 



Rhode Island State bonds, 
United States bonds, .... 

Chicago, Burlington & Quincy R.R. bonds, 
United Traction & Electric Co. bonds, 
Gt. Northern & Northern Pacific R.R. bonds, 
33 shares Chic, Rock Island & Pacific R.R.., 



360 
230 
200 
944 
170 

50 
110 
150 

60 
300 

50 
100 
100 
100 
100 
100 
200 
100 
222 



Illinois Central R R., 

Chicago & Northwestern R.R., 

Rome, Watertown & Og. R.R., 

Pennsylvania R.R., . 

Pitts., Ft. Wayne & Chic. R.R., 

Rensselaer & Saratoga R.R., . 

Mahoning Coal Co., 

Hereford R R., 

Albany & Susquehanna R.R., . 

Morris & Essex R.R., 

Upper Coos R.R., . 

Cleveland & Pittsburgh R.R., 

Erie & Pittsburgh R.R., . 

Illinois Central R.R , 

Pitts , Bessemer & Lake Erie R.R. 

National Bank of North America, 

Lime Rock National Bank, 

Manhattan Elevated R'y Co , . 

Pitts., McKeesp. & Yough. R.R., 



Book Value. 

$100,000 00 
16,000 

5,000 
25,000 
26,951 

3,300 
37,417 
22,912 
20,000 00 
60,203 24 
29,442 50 

9,900 00 

6,655 
15,178 
14,580 
28,269 

7,450 

9,750 

8,237 
10,750 

7,702 

9,875 

2,000 
13,787 
15,446 



00 
00 
00 
27 
00 
50 
50 



00 
12 
00 
23 
00 
00 
50 
00 
60 
00 
00 
50 
00 



00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$108,000 00 
21,360 00 

4,790 
27,500 
52,360 

4,373 
47,340 
38,870 
26,000 
56,109 
30,430 00 
10,250 00 

6,380 00 
14,925 00 
14,400 00 
27,525 00 

7,450 

8,950 

7,625 
10,300 

7,200 

13,000 

300 

14,400 



00 
00 
00 
00 
00 
00 
00 
00 



15,540 00 



$505,807 96 $575,377 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. W. T. BLACKWELL, Secretary. 



Income. 

Net fire premiums, $320,979 57 

Interest on stocks and bonds, $11,932.14 ; all other, $888.28, 12,820 42 



Total income, 
Ledger assets, Dec. 31, 1902, 



Total, 



. $333,799 99 
424,766 58 

. $758,566 57 



Disbursements. 

Net amount paid for fire losses, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 



$154,999 07 

96,299 07 

9,662 73 

1,845 23 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 133 



Taxes and fees, 

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 due and accrued on stocks and bonds, 



Gross assets, 

Assets not admitted. 
Depreciation in book value of stocks and bonds, 



Total admitted assets, 



Liabilities. 



Unpaid losses, $30,841.51 ; less reinsurance, $ 4,558. 15, . 
Unearned premiums on outstanding risks, $182,643.57 ; plus 

same on disallowed reinsurance, $1,000, 
Commissions and other charges due agents and brokers, 
Due for return premiums, $15,503.91 ; reinsurance, $771.68 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $232,11071 

Paid-up capital, 

Surplus over capital and general liabilities, . 



Total liabilities, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



1,871,249 00 
. 35,387,372 00 

.$62,258,621 00 
. 32,976,267 00 

. $29,282,354 00 
. 2,365,747 00 



$4,539 18 
10,916 32 

$278,261 60 

$480,304 97 



$376,680 80 
34,707 08 
68,917 09 

$480,304 97 



2,843 31 
$483,148 28 

22,189 55 
$460,958 73 

$26,283 36 

183,643 57 

2,645 50 
16,275 59 

$228,848 02 

200,000 00 
32,110 71 

$460,958 73 



Premiums. 

$289,806 63 
422,208 66 

$712,015 29 
336,333 84 

$375,681 45 
30,974 40 



Net amount in force, . 



$26,916,607 00 $344,707 05 



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, 



H,187,993 00 

658,695 00 

162,606 00 

179,000 00 



134 



BUFFALO COMMERCIAL INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 



Central Pacific R.R. bonds, 
St. Louis & Southwestern R'y Co. bonds, 
Northern Pacific, Great Northern bonds, . 
N. Y. Gas & Elec. L., H. & Power Co. bonds, 
New York City bonds, .... 
Reading Co Jersey Central collateral bonds, 
Corp. S'k City of N . Y. for erec. of S. & S. M. A. 
Pennsylvania R.R. stock, .... 
Consolidated Gas Co of N. Y. stock, 
Illinois Central R.R. stock, 
Manhattan Elevated R.R. stock, 



Book Value. 

$10,112 50 

19,600 

19,587 

9,650 

109,250 

9,600 

106,802 

30,525 

22,878 

12,700 



00 
50 
00 
00 
00 
00 
00 
80 
00 



25,975 00 



Market Value. 

|9,950 00 

18,600 00 

18,700 00 

9,200 00 

100,750 00 
9,200 00 

101,000 00 
23,800 00 
21,353 75 
13,137 50 
28,800 00 



$376,680 80 $354,491 25 



"BUFFALO COMMERCIAL INSURANCE COMPANY," 
BUFFALO, N. Y. 

[Incorporated April 15, 1896. Commenced business April 16, 1896.] 

Paid-up Capital, $200,000. 

JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary. 

Income. 



Net fire premiums, ..... 
Interest on mortgage loans, $5,065.85 ; bonds 
Call on stockholders, .... 



Total income, 
Ledger assets, Dec. 31, 1902, 



Total, 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

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

Rents, 

Taxes and fees, 

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



Total disbursements, 
Balance, 



Ledger Assets 



Mortgages,* 

Bonds (schedule A), . 



1,774.92, 



$212,972 07 

13,840 77 

750 00 

$227,562 84 

415,382 37 

$642,945 21 



$97,784 01 

16,000 00 

59,625 90 

7,848 47 

450 00 

4,852 68 

1,216 75 

8,187 04 

$195,964 85 

$446,980 36 



$102,175 00 
254,730 18 



* Value of land, $135,623; buildings, $111,875; insurance thereon, $104,550. 



BUFFALO COMMERCIAL INSURANCE CO. 



135 



Cash in banks and office, . 
Agents' balances, 

Total ledger assets, . 



$65,748 39 
24,326 79 

$446,980 36 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, 1677.08; bonds, $1,232.03, . 



Gross assets, 



1,909 11 
f448,889 47 



Liabilities. 

Unpaid losses, including $1,540 resisted, $10,681 37 

Unearned premiums on outstanding risks, f 153,019.80 ; plus 

same on disallowed reinsurance, $191.87, .... 153,211 67 

All liabilities, except capital and surplus, . . . $ 163,893 04 
Surplus to policy holders, .... $284,996 43 

Paid-up capital, 200,000 00 

Surplus over capita) and general liabilities, .... 84,996 43 

Total liabilities, $448,889 47 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $22,734,697 00 $266,301 63 
. 20,326,236 00 264,098 66 



Total 

Risks expired and terminated, . 

In force at end of 3* ear, 
Amount reinsured, . 

Net amount in force, . 



. $43,060,933 00 $530,400 29 
. 18,154,627 00 231,223 10 



.$24,906,306 00 $299,177 19 
845,662 00 7,890 14 



$24,060,644 00 $291,287 05 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (8 per cent.), . 

Company's stock owned by directors, . . . 



$1,095,815 00 
609,617 00 
99,279 00 
27,000 00 
16,000 00 
72,000 00 



Schedule A. 



State of New York bonds, 
City of Buffalo, N. Y., bonds, . 



Bonds owned by the Company. 

Book Value. Market Value. 

. $100,000 00 $100,000 00 

154,730 18 154,730 18 



$254,730 18 $254,730 18 



136 BUFFALO GERMAN INSURANCE CO. 



"BUFFALO GP:RMAN 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. 

Income. 

Net fire premiums, $476,764 02 

Interest on mortgage loans, $21, 135. 79 ; collaterals, $1,083. 14 ; 

stocks and bonds, $39,506.32; all other, $3,338.91, . . 65,064 16 

Rents, including company's own occupancy, .... 23,034 94 

Profit on sale or maturity of ledger assets, .... 75 00 

From all other sources, 4,144 30 



Total income, $569,082 42 

Ledger assets, Dec. 31, 1902, . .... 2,134,870 22 



Total, $2,703,952 64 

Disbursements. 

Net amount paid for fire losses, $225,988 03 

Interest and dividends to stockholders, 60,000 00 

Commissions or brokerage, 134,004 08 

Salaries, fees, etc., of officers and employees, .... 29,220 09 

Rents, including company's own occupancy, .... 2,000 00 

Repairs and expenses on real estate, 7,875 78 

Real estate taxes, $14,229. 75; other taxes and fees, $11,318.88, 25,548 63 

Loss on sale or maturity of ledger assets, .... 1,886 00 

Profit and loss, 1,574 79 

All other disbursements, 21,825 72 



Total disbursements, $509,923 12 

Balance, $2,194,029 52 

Ledger Assets. 



Real estate, $315,000 ; mortgages,* $418,125, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' balances 



$733,125 00 
26,325 00 

1,281,729 18 

103,805 43 

49,044 91 



Total ledger assets, $2,194,029 52 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $3,546.02; stocks and bonds, $9,287.74; col- 
lateral loans, $420, 13,253 76 

Rents due on company's property, 1,269 82 



Gross assets,! $2,208,553 10 

* Value of land, $565,635; buildings, $520,275; insurance thereon, $403,050. 
t Including $200,000 special reserve held under New York law. 






BUFFALO GERMAN INSURANCE CO. 



137 



Liabilities. 

Unpaid losses, including $940 resisted, 

Unearned premiums on outstanding risks, f 439,499.49 ; plus 

P [same on disallowed reinsurance, $785.70, . 

Reserve for contingencies, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... 81,720,241 63 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



$23,026 28 

440,285 19 
25,000 00 



,311 47 



200,000 00 
1,520,241 63 



Total liabilities, $2,208,553 10 



Fire risks outstanding Dec. 31, 1902 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $82,957,885 00 $858,183 54 
. 53,571,607 00 625,872 97 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$136,529,492 00 $1,484,056 51 
. 50,163,364 00 575,681 93 



. $86,366,128 00 $908,374 58 
. 5,559,828 00 59,956 32 



,806,300 00 $848,418 26 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, .... 



$11,347,548 00 

5,470,493 00 

219,161 00 

1,325,925 00 

60,000 00 

51,800 00 



Schedule A. 
Securities held as Collateral. 



Exchange Elevator Co , Buffalo, N. Y., stock, . 
International Brewing Co., Buffalo, N. Y , st'k, 
Magnus Beck Brewing Co., Buffalo, N. Y., st'k, 
Fidelity Tr. & Guar. Co., Buffalo, N. Y., stock, 
German Bank, Buffalo, N. Y., stock, 
Buffalo Co.-Op. Brew. Co., Buffalo, N. Y., st'k, 
Central Production Co., Pittsburg, Pa., stock, . 
Nat'l Beet Sugar Co., Sugar City, Colo., bonds, 
N'l Electrolytic Co., Niagara F., N. Y., stock, . 
German Bank, Buffalo, N. Y., stock, 
Frontier Telephone Co., Buffalo, N. Y., bonds, 
Commonwealth Trust Co., Buffalo, N. Y., st'k, 



Market Value. Loaned Thereon. 



$1,000 00 

2,090 00 

495 00 

11,250 00 

12,000 00 

1,350 00 

1,250 
10,000 
10,000 

8,000 

5,000 

2,500 



00 
00 
00 
00 
00 
00 



$700 00 
2,000 00 

6,500 00 

1,000 00 
125 00 

10,000 00 

1,000 00 

5,000 00 



$64,935 00 $26,325 00 



138 



CALEDONIAN- AMERICAN INSURANCE CO. 



Schedule B. 

Slocks and Bonds owned by the Company. 



City of Buffalo, N. Y., bonds, . 
Erie County bonds, . 
Buffalo Southwestern R.R. bonds, 
Third National Bank stock, 



Book Value. Market Value. 

$923,979 18 $923,979 18 

276,500 00 276,500 00 

36,250 00 36,250 00 

45,000 00 45,000 00 



.,281,729 18 $1,281,729 18 



"CALEDONIAN-AMERICAN INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.] 

Paid-up Capital, $200,000. 

CHARLES H. POST, President. N. A. MCNEIL, Vice-President and Secretary. 

Income. 

Net fire premiums $12,709 88 

Interest on stocks and bonds, 9,700 00 

Total income, $ 22,409 88 

Ledger assets, Dec. 31, 1902, 302,945 01 

Total, $325,354 89 

Disbursements. 

Net amount paid for fire losses, $6,685 56 

Interest and dividends to stockholders, 9,000 00 

Commissions or brokerage, 6,141 18 

Salaries, fees, etc., of officers and employees, .... 945 52 

Rents, including company's own occupancy, .... 45 70 

Taxes and fees 237 86 

All other disbursements, 496 31 

Total disbursements, $23,552 13 

Balance, $301,802 76 

Ledger Assets. 

Stocks and bonds (schedule A), $288,757 59 

Cash in banks, 2,480 45 

Agents' balances, 10,553 76 

Reinsurance due on losses paid, 10 96 

Total ledger assets, $301,802 76 

Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, . . . 2,345 83 

Gross assets, $304,148 59 



CALEDONIAN- AMERICAN INSURANCE CO. 



139 



Assets not admitted. 

Agents 1 balances over three months due, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 



$142 10 
1,882 59 



!,024 69 



Total admitted assets, 



$302,123 90 



Liabilities. 



Unpaid losses, including $1,000 resisted, $5,839.20 ; less rein- 
surance, $ 5,014. 90, 

Unearned premiums on outstanding risks, $9,440.64; plus 
same on disallowed reinsurance, $44.94, . 

Due for reinsurance, 



$824 30 

9,485 58 
5,840 89 

,150 77 

200,000 00 
85,973 13 

Total liabilities, $302,123 90 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$285,973 13 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



$14,379,109 00 
7,288,910 00 

$21,668,019 00 
6,263,342 00 

$15,404,677 00 
13,749,966 00 



Premiums. 

$148,737 38 
89,271 86 

$238,009 24 
61,570 67 

$176,438 57 
157,425 51 



Net amount in force, . 



,654,711 00 $19,013 06 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4.5 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds oivned by the Company. 



New York City school bonds, . 
Stein way R.R. Co. of N. Y. bonds, . 
Brooklyn, Queens Co. & Sub. R R. Co. bonds, 
N. Y , Ontario & Western R'y Co. bonds, 
Tenth & Twenty-third St. Ferry Co. bonds, 
Morris & Essex Railway Co. stock, . 
Cleveland & Pittsburg R.R. Co. stock, . 
Rome, Watertown & Ogdensb. R.R. Co. stock 
Pitts., Bessemer & Lake Erie R.R. Co. stock, 
N. Y., Chic. & St. Louis R.R. Co. stock, . 



Book Value. 

$200,000 00 

5,718 75 

5,481 

5,097 

5,087 
17,639 
17,976 
12,785 79 

7,283 90 
11,687 67 



25 

38 
50 
29 
06 



$340,968 00 

274,868 00 

4,588 00 

28,000 00 

9,000 00 

4,500 00 



Market Value. 

$198,000 00 

5,800 00 

5,350 00 

5,025 00 

5,000 00 

18,500 00 

18,300 00 

13,500 00 

6,600 00 

10,800 00 



$288,757 59 $286,875 00 



140 



CAMDEN FIRE INSURANCE ASSOCIATION. 



"CAMDEN FIRE INSURANCE ASSOCIATION," CAMDEN, N. J. 

[Incorporated March, 1841. Commenced business April, 1841.] 

Paid-up Capital, $300,000. 

EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary. 

Income. 

Net fire premiums, $503,353 18 

Deposit premiums on perpetual risks, 1,163 20 

Interest on mortgage loans, f 10,820 . 34 ; collaterals, f 5,262 . 17 ; 

stocks and bonds, $18,599.20; all other, f 65 1.08, . 35,332 79 

Rents 2,194 12 

From all other sources, 26 95 

Total income, $542,070 24 

Ledger assets, Dec. 31, 1902, plus increase of capital $100,000 
and surplus paid in $100,000, 



Total, . 



908,934 30 
,451,004 54 



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, $563.45 ; other taxes and fees, $5,941.70, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, 

Balance, 



$202,677 93 

875 03 

27,013 41 

130,707 04 

14,939 00 

1,072 78 

6,505 15 

15,133 24 

12,702 33 

$411,625 91 

$1,039,378 63 



Ledger Assets. 

Real estate, $31,197.04; mortgages,* $255,854.21, 
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, $4,344.03 ; stocks and bonds, $140 ; collateral 

loans, $1,005.55; other assets, $372.81, . 
Rents accrued on company's property, 



$287,051 25 

95,000 00 

559,634 49 

24,184 45 

73,508 44 

$1,039,378 63 



5,862 39 
40 50 



Gross assets, 



$1,045,281 52 



* Value of land, $288,600; buildings, $287,850; insurance thereon, $244,500. 



CAMDEN FIRE INSURANCE ASSOCIATION. 



141 



Assets not admitted. 

Agents' balances over three months due, . 
Depreciation in book value of ledger assets, . 
Total unadmitted assets, . 

Total admitted assets, .... 



|14 40 
2,466 58 



$2,480 98 



. $1,042,800 54 



Liabilities. 

Unpaid losses, $54,439 ; less reinsurance, $3,145, . 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, .... 

Dividends due stockholders, 

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, . 



$602,800 99 



$51,294 00 

339,985 64 

23,758 64 

224 80 

23,925 28 

811 19 

$439,999 55 

300,000 00 
302,800 99 



Total liabilities, $1,042,800 54 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, ...... 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $40,003,294 00 
. 50,705,890 00 



),709,184 00 
. 37,248,242 00 

. $53,460,942 00 
. 2,004,460 00 

.$51,456,482 00 



Perpetual risks in force (not included above), $1,162,957 00 



Premiums. 

$479,811 57 
640,524 62 

1,120,336 19 
472,854 93 

$647,481 26 
22,759 37 

$624,721 89 
$26,398 48 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Stock dividends declared from organization of company 

Dividends declared during the year (6.67 per cent.), 

Company's stock owned by directors, 



$1,775,799 00 

602,278 00 

215,948 00 

314,950 00 

52,865 00 

20,000 00 

39,450 00 



Schedule A. 

Securities held as Collateral. 



Philadelphia Electric Trust certificate, 
Central Trust Co. stock, . 
Merchantville Water Co. stock, 
Stockton Water Co. stock, 



Market Value. 

$2,500 00 

6,000 00 

9,065 00 

23,000 00 



Loaned Thereon. 

$5,0CO 00 
25,000 00 



142 



CAMDEN FIRE INSURANCE ASSOCIATION. 



Assignment of mortgage, 

Central Trust Co. stock, . 

Bethlehem Steel Co. bonds, 

Phila & Reading Coal & Iron Co. cert., 



Market Value. 

$15,500 00 
24,300 00 
18,500 00 
30,000 00 



Loaned Thereon. 

$10,000 00 
15,000 00 
15,000 00 
25,000 00 



$128,865 00 $95,000 00 



Schedule B. 



Stocks and Bonds owned by the Company. 



Bridgeton, N. J., city bonds, 

Jersey City, N. J., bonds, . 

Philadelphia city bonds, . 

Boston city bonds, 

Camden city bonds, . 

Lehigh Valley Coal Co. bonds, 

Choctaw, Oklahoma & Gulf R.R. bonds, 

Read. Co & Phil. & Read. C'l & Pn Co. bonds 

Consolidated Traction Co. of N. J. bonds, 

Electric & People's Traction Co. bonds, . 

Norfolk & Western R.R. Co. bonds, 

Maryland Steel Co. bonds, 

Syracuse Rapid Transit Co. bonds, 

Philadelphia Co. bonds, . 

South Bound R.R. Co. bonds, . 

Wisconsin Central R.R. Co. bonds, 

City of Duluth Water and Light bonds, . 

Jersey City, Hoboken & Pat. R.R. Co. bonds, 

Choctaw & Memphis R.R. Co. bonds, 

Reading Co. Equipment Trust bonds, 

Iron Mountain Car Trust bonds, 

Atlantic Coast Line R.R. Co. bonds, 

Norfolk & West. Pocahon. Pur. Money bonds 

Philadelphia Co. bonds, .... 

Citizens' St R'y Co. of Muncie, Ind., bonds, 

Penn. & Northwestern R.R. Co. bonds, . 

Lehigh Valley R.R. bonds, 

Erie Railroad Co. bonds, .... 

Camden & Suburban R'y Co. bonds, 

Schuylkill River East Side R.R. bonds, . 

St. Louis & San Francisco R.R. bonds, 

Western N. Y. & Penn. R.R. Co. bonds, . 

Choctaw, Oklahoma & Gulf R.R. Co. bonds, 

Camden Horse R.R. Co. bonds, 

16 shares Girard Trust Co. (Phil), 
200 " Philadelphia & Camden Ferry Co. 
150 " Philadelphia Traction Co., 
250 " West Jersey & Seashore R.R., 
100 " Philadelphia Co., . 

95 " United N. J. R.R. & Canal Co., 
100 " Phil., Germ. & Norrist'n R.R. Co., 

20 " Morris Canal & Banking Co., . 
120 " Camden Horse R.R. Co., . 



17 

00 
70 
75 
00 



Book Value. 

$5,343 33 

5,100 00 
10,334 

5,100 

7,583 
21,143 
26,135 
22,018 75 
16,287 50 
24,968 75 
19,062 50 
20,208 33 

8,110 00 
14,157 50 

9,750 00 
13,662 50 

5,800 00 
12,500 00 

5,475 00 
15,138 75 
15,374 89 
14,755 84 

4,737 50 
15,687 50 

4,216 67 
11,600 00 
10,075 00 
10,075 00 
16,040 00 
19,900 00 

9,712 50 

5,762 

5,062 
16,106 

7,973 
25,700 00 
14,537 50 
17,115 75 

4,712 50 
25,829 00 
16,900 00 

3,500 00 
16,380 00 



50 
50 
94 
37 



Market Value. 

$5,000 00 

5,000 
10,100 

5,050 

7,264 
23,100 
27,000 
24,250 
15,900 
24,750 
19,400 
20,200 

8,160 
14,300 
10,500 
13,500 00 

5,650 00 

9,750 

5,600 
15,000 
15,000 
14,100 

4,450 
14,850 

4,120 
10,900 00 
10,000 00 

9,900 00 
15,300 00 
20,000 00 
10,000 00 

5,800 00 

5,150 
16,050 
10,800 
27,000 
14,400 
15,500 00 

4,300 00 
25,270 
15,800 

3,300 
16,800 



00 
00 
00 
95 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



00 
00 
00 
00 



$559,634 49 $558,264 95 



THE CAPITAL FIRE INSURANCE CO. 



143 



"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. CHARLES L. JACKMAN, Secretary. 



Income. 

Net fire premiums, 

Interest on mortgage loans, $5,226.64; collaterals, $85 
stocks and bonds, $7,285.41; all other, $106. 12,. 

Rents, 

Profit on sale or maturity of ledger assets, 

Borrowed money, 

From all other sources, .... 



Total income, 
Ledger assets, Dec. 31, 1902, 



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, $1,056.62 ; other taxes and 

Loss on sale or maturity of ledger assets, 

Accrued interest on bonds, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Real estate, $89,160.70; mortgages,* $104,841 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents 1 balances, 



.90, 



fees, $6,805.92, 



$219,010 46 

12,703 17 
5,665 12 

355 00 
12,500 00 

544 90 

$250,778 65 
424,124 02 

$674,902 67 



$130,987 15 

8,000 00 

58,383 25 

13,739 65 

675 16 

1,283 44 

7,862 54 

500 00 

314 12 

7,066 61 



Total ledger assets, 



,811 92 



$446,090 75 



$194,002 60 

1,700 00 

206,186 85 

18,813 23 

25,388 07 

$446,090 75 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $1,873.29; stocks and bonds, $841.66; col- 
lateral loans, $9.91 ; other assets, $117.25, . . . . 2,842 11 

Rents due and accrued on company's property, . . . 784 33 



* Value of land, $89,400; buildings, $156,900; insurance thereon, $99,950. 



144 



THE CAPITAL FIRE INSURANCE CO. 



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

Gross assets, 



$10,340 37 
6,102 15 

$466,159 71 



Liabilities. 

Unpaid losses, including $1,000 resisted, $14,628.23; less 
reinsurance, $329.30, 

Unearned premiums on outstanding risks, $172,090.56 ; plus 
same on disallowed reinsurance, $7,671.72, 

Salaries and other miscellaneous expenses, due or accrued, . 

Borrowed money, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, ...... 

Surplus over capital and general liabilities, . 

Total liabilities, 



|255,079 42 



$14,298 93 

179,762 28 

4,519 08 

12,500 00 

$211,080 29 

200,000 00 
55,079 42 

$466,159 71 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $29,996,929 00 $359,421 95 
. 26,187,632 00 311,957 13 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$56,184,561 00 $671,379 08 
22,897,146 00 276,068 10 



$33,287,415 00 $395,310 98 
4,093,167 00 60,524 08 



,194,248 00 $334,786 90 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), . 
Company's stock owned by directors, . 



53,435,926 00 

1,542,765 00 

123,153 00 

113,614 00 

8,000 00 
52,200 00 



Schedule A. 
Securities held as Collateral. 



10 shares Nat'l Bank, Lebanon, N. H., 
10 " Iowa Loan & Trust Co., . 



Market Value. Loaned Thereon. 

$1,200 00 
1,300 00 



$1,700 00 



Schedule B. 



$2,500 00 $1,700 00 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

City of Portsmouth, N. H„ bonds, . . . $41,200 00 $42,400 00 

City of Dover, N. H., bonds, .... 26,487 50 27,030 00 



THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 145 



City of Concord, N. H , bonds, . 

N. H. Trust Co., Manchester, N. H., bonds, 

Muscatine M. & Tr. Co., Muscatine, la., bonds 

City Water Co , Merrill, Wis., bonds, 

Central Loan & Deb. Co., Kan. City, Mo., b'ds 

Winfield Water Co., Winfield, Kan., bonds. 

Grand Forks, Da., Gas & Electric Co. bonds, 

Neb. Loan & Tr. Co., Hastings, Neb., bonds, 

City of Kingman, Kan., Water Co. bonds, 

Town of Montrose, Col., bonds, 

Denver Consolidated Electric Co. bonds, . 

Northern Pacific-Gt. Northern R.R. bonds, 

American Bell Telephone Co. bonds, 

Denver Gas & Electric Co. bonds, . 

St. Louis & San Francisco R.R Co. bonds, 

Pere Marquette R.R. Co. bonds, 

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

Denver Consolidated Gas & Elec. Co. bonds, 

60 shares Concord & Montreal R.R., 

60 " 

50 " 

15 M 

25 " 

25 " 



4 Pennsylvania R.R. Co., 
' Illinois Central R.R., 

Atch., Topeka & Santa F6 R.R., 
' Page Belting Co., Concord N. H., 
' Prescott Piano Co., Concord, N. H , 

1 share Amoskeag Mfg. Co., Manch , N. H., 

2 shares Nashua Mfg. Co., Nashua, N. H., 
30 " Pullman Palace Car Co , . 
50 " Concord Real Estate Co., . 
10 '« Nat'l Bank of Lebanon, N. H., . 

7 " Amory Manufacturing Co., 
30 " Missouri & Kansas Tel. Co., 
20 " Western Union Telegraph Co., 
10 " American Tel. & Tel. Co., 
10 " Denver Gas & Electric Co., 
30 " Chic. June. R.R. & Un'n St'k Y'ds Co., 
10 " Manhattan Elevated R.R. Co., . 



Book Value. 


Market Value. 


$49,075 00 


$50,730 00 


3,100 


00 


2,880 00 


j, 1,500 


00 


1,170 00 


5,000 00 


5,0C0 00 


i, 2,500 


00 


1,918 00 


3,000 


00 


3,000 00 


3,000 00 


3,000 00 


500 


00 


500 00 


500 


00 


500 00 


800 


00 


800 00 


1,000 


00 


1,000 00 


4,787 


50 


4,675 00 


1,987 


50 


1,940 00 


1,800 


00 


1,800 00 


1,775 


00 


1,700 00 


1,900 


00 


1,900 00 


1,957 


50 


1,985 00 


4,400 


00 


4,400 00 


9,033 


30 


12,000 00 


4,256 


25 


3,570 00 


7,262 


50 


6,575 00 


1,511 


25 


1,362 00 


1,250 


00 


1,250 00 


2,500 


00 


1,250 00 


1,500 


00 


1,800 00 


1,162 


50 


1,174 00 


3,033 50 


6,540 00 


5,000 


00 


5,000 00 


1,200 00 


1,250 00 


1,148 


80 


840 00 


3,075 


00 


3,075 00 


1,787 


50 


1,730 00 


1,262 


50 


1,265 00 






210 00 


| 3,537 


50 


3,630 00 


1,396 


25 


1,440 00 


$206,186 


85 


$212,289 00 



"THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE 
COMPANY," VAN WERT, OHIO. 

[Incorporated April 7, 1876. Commenced business Oct. 2, 187(5. j 
II. V. OLNEY, President. F. W. PURMORT, Secretary. 

Income. 

Net premiums, $163,268 64 

Interest on mortgage loans, $2,572.56 ; bonds, $1,538.14; 

all other, $516.71, 4,627 41 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



. $167,896 05 
116,846 53 



Total, $284,742 58 

Disbursements. 

Net amount paid for losses 

Profits on terminated policies, 



86,363 14 
15,469 42 



146 THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 

Commissions or brokerage, $26,618 53 

Salaries, fees, etc., of officers and employees, .... 6,811 55 

Rents, 250 00 

Taxes and fees, 2,125 49 

All other disbursements, 4,447 62 

Total disbursements, $142,085 75 

Balance, $142,656 83 

Ledger Assets. 

Mortgages,* $49,650 00 

Bonds (schedule A), 58,420 00 

Cash in banks and office, 19,443 50 

Agents' balances, 15,143 33 

Total ledger assets $142,656 83 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $686.52; bonds, $90, 776 52 

Market value of bonds over book value, 3,279 00 

Gross assets, $146,712 35 

Liabilities. 

Unpaid losses, including $1,032 resisted $10,930 33 

Unearned premiums on outstanding risks, $78,631.15 ; plus 

same on disallowed reinsurance, $56.18, .... 78,687 33 

All liabilities, except surplus, $89,617 66 

Surplus 57,094 69 

Total liabilities, $146,712 35 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $5,803,178 00 $116,563 04 $599,616 45 

Risks written during 1903, . 9,078,633 00 192,560 52 1,001,638 65 

Total, $14,881,811 00 $309,123 56 $1,601,255 10 

Risks expired and terminated, . 7,342,184 00 151,748 91 779,623 25 

In force at end of year, . . $7,539,627 00 $157,374 65 $821,631 85 

Amount reinsured, . . . 6,500 00 112 35 56175 

Net amount in force, . . $7,533,127 00 $157,2,62 30 $821,070 10 

Miscellaneous. 

Losses incurred during the year, $92,842 00 

Profits or surplus returned during 1903, 20 per cent. 

* Value of land, $132,517; insurance on buildings, $1,200. 



citizens' insurance co. 147 



Schedule A. 

Bonds owned by the Company. 

i Book Value. Market Value. 

United States bonds, $50,400 00 $53,679 00 

Ohio city bonds, 2,400 00 2,400 00 

Van Wert street improvement bonds, . . 5,620 00 5,620 00 



$58,420 00 $61,699 00 



"CITIZENS' INSURANCE COMPANY OF MISSOURI; 1 
ST. LOUIS, MO. 

[Incorporated February, 1837. Commenced business 1837.] 

Paid-up Capital, $200,000. 

SOL. E. WAGGONER, President. , JOHN H. CARR, Secretary. 

Income. 

Net fire premiums, $451,354.07; marine, $155.16, . , . $451,509 23 

Interest on mortgage loans, $10,774.14; bonds, $10,390, . 21,164 14 

Received from stockholders, 50,000 00 

Total income, $522,673 37 

Ledger assets, Dec. 31, 1902, less commissions due, . . 605,728 54 

Total, $1,128,401 91 

Disbursements. 

Net amount paid for fire losses, $227,204 86 

Commissions or brokerage, 84,443 94 

Salaries, fees, etc., of officers and employees, .... 34,563 37 

Rents, 2,046 01 

Repairs and expenses on real estate, 10 50 

Real estate taxes, $12.70 ; other taxes and fees, $15,710.31, . 15,723 01 

Loss on sale or maturity of ledger assets, .... 109 55 

All other disbursements, 34,119 46 

Total disbursements, $398,220 70 

Balance, $730,181 21 

Ledger Assets. 

Real estate, $4,877 ; mortgages,* $241,070, .... $245,947 00 

Bonds (schedule A), 256,615 00 

Cash in banks and office, 91,215 65 

Agents 1 balances, 136,403 56 

Total ledger assets, $730,181 21 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $3,300 ; bonds, $2,416, 5,716 00 

Gross assets, $735,897 21 

* Value of property, $571,000; insurance thereon, $214,950. 



148 



CITIZENS INSURANCE CO. 



Assets not admitted. 
Depreciation in book value of bonds, 

Total admitted assets, .... 



. . $3,475 00 
. $732,422 21 



Liabilities. 

Unpaid losses, including $9,469.27 resisted, $160,342.84; less 

reinsurance, $118,290.58, $42,052 26 

Unearned premiums on outstanding risks, $307,229.92; plus 

same on disallowed reinsurance, $1,416.34, . . . . 308,646 26 

All liabilities, except capital and surplus, . . . $350,698 52 
Surplus to policy holders, .... $381,723 69 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, .... 181,72369 

Total liabilities, $732,422 21 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1903, 
Risks expired and terminated, . 



$122,614,133 00 

. 142,822,372 00 

$265,436,505 00 
. 121,620,969 00 

$143,815,536 00 
. 102,329,870 00 



Premiums. 

'1,841,459 77 
2,116,108 29 

,3,957,568 06 
1,926,365 00 

52,031,203 06 
1,454,584 06 



.$41,485,666 00 $576,619 00 



$117,263 00 
117,263 00 



^517 19 
517 19 



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, .... 



1,477,991 00 

237,192 00 

985,798 00 

165,000 00 

199,800 00 



Schedule A. 
Bonds owned by the Company. 



Southern Pacific R R. bonds, 
Brooklyn Union Elevated R'y bonds, 
Elgin, Joliet & E. R'y bonds, . 
Chesapeake & Ohio R'y bonds, 
International & Great Northern R.R. bonds, 
Missouri Pacific R R. bonds, 



Book Value. 


Market Value. 


$54,875 00 


$53,875 00 


50,500 00 


50,500 00 


28,500 00 


28,500 00 


47,500 00 


46,300 00 


57,765 00 


56,640 00 


17,475 00 


17,325 00 


$256,615 00 


$253,140 00 



THE COLONIAL ASSURANCE CO. 149 



"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. 

Income. 

Net fire premiums, $508,948 91 

Interest on bonds, 14,362 78 



Total income, . $523,311 69 

Ledger assets, Dec. 31, 1902, 571,343 51 

Total, $1,094,655 20 

Disbursements. 

Net amount paid for fire losses, $290,954 . 74 ; marine $4,640 . 01 , $295,594 75 

Interest and dividends to stockholders, 8,000 00 

Commissions or brokerage, 157,009 97 

Fees of officers, . ; 3,315 00 

Taxes and fees, 13,670 90 

Loss on sale or maturity of ledger assets, .... 6,025 00 

Commissions due on uncollected premiums, .... 28,696 62 

All other disbursements, 2,210 55 

Total disbursements, $514,522 79 

Balance, $580,132 41 

Ledger Assets. 

Bonds (schedule A), $453,525 00 

Cash in banks, 38,062 48 

Agents' balances, 88,544 93 

Total ledger assets, $580,132 41 

Non-Ledger Assets. 

Interest due and accrued on bonds, 3,229 17 

Gross assets, $583,361 58 

Liabilities. 

Unpaid losses, $27,799.21 ; less reinsurance, $524.80, . . $27,274 41 
Unearned premiums on outstanding risks, $258,763.53; plus 

same on disallowed reinsurance, $2,218.75, . . . . 260,982 28 

Due for return premiums, $21,318.79 ; reinsurance, $5,076.21, 26,395 00 

All liabilities, except capital and surplus, . . $314,651 69 
Surplus to policy holders, .... $268,709 89 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 68,709 89 

Total liabilities, $583,361 58 



150 



THE COLONIAL FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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



.$35,425,939 00 
. 45,565,649 00 



Premiums. 

§474,798 09 
631,326 05 



,991,588 00 $1,106,124 14 
42,441,743 00 574,205 73 



$38,549,845 00 
1,505,243 00 



1531,918 41 
19,682 56 



Net amount in force, . 



.$37,044,602 00 $512,235 85 



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 (4 per cent.), . 

Company's stock owned by directors, . 

Schedule A. 
Bonds owned by the Company. 



United States bonds, . 
New York State bonds, 
New York city bonds, 
Brooklyn city bonds, 



Book Value. 

$137,025 00 

100,000 00 

191,000 00 

25,500 00 



$2,413,549 00 

1,825,599 00 

279,159 00 

1,837 00 

34,000 00 

8,000 00 

99,250 00 



Market Value. 

$137,025 00 

100,000 00 

191,000 00 

25,500 00 



$453,525 00 $453,525 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. WOODWAED, President. E. QUINCY SMITH, Secretary. 

Income. 



Net fire premiums, 

Interest on mortgage loans, $7,524.08; collaterals, $659.62 ; 

bonds, $3,061.25; all other, $15.20, . 
Rents, . . 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due 



Total, 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 



$115,239 49 

11,260 15 

105 25 

$126,604 89 

270,345 61 

$396,950 50 



$46,576 18 

10,000 00 

31,486 63 

4,950 00 



' THE COLONIAL FIRE INSURANCE CO. 



151 



Rents 

Repairs and expenses on real estate, . 

Real estate taxes, $29 ; other taxes and fees, $ 2,657. 26, . 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



Total disbursements, 
Balance, 



$1,050 00 

37 35 

2,686 26 

635 00 

3,334 84 

$100,756 26 

$296,194 24 



Ledger Assets. 

Real estate, $2,161.09; mortgages,* $169,536.15, 
Loans secured by collateral (schedule A), 
Bonds (schedule B),. . 

Cash in banks and office, 

Agents' balances, 

All other ledger assets, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,225.90; bonds, $608.36; collateral loans, 

$9.16, 

Home office premiums written subsequent to Oct. 1, 1903, 
Miscellaneous, 



$171,697 24 

12,975 00 

84,834 93 

17,187 71 

9,488 55 

10 81 

$296,194 24 



Gross assets, 



2,843 42 

480 85 
14,199 70 

$313,718 21 



Liabilities. 

Unpaid losses, including $700 resisted, $9,159.55 ; less rein- 
surance, $158.71 $9,000 84 

Unearned premiums on outstanding risks, $68,211.43 ; plus 

same on disallowed reinsurance, $73.98, .... 68,285 41 

Commissions and other charges due agents and brokers, . 116 68 

Miscellaneous, 14,409 94 

All liabilities, except capital and surplus, . . . $91,812 87 
Surplus to policy holders, .... $221,90534 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 21,905 34 

Total liabilities, $313,718 21 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total 

Risks expired and terminated, 

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

Net amount in force, . 



$8,448,043 00 
13,487,803 00 

$21,935,846 00 
9,077,989 00 

$12,857,857 00 
1,109,742 00 



Premiums. 

$116,123 91 
147,012 46 

$263,136 37 
126,528 24 

$136,608 13 
10,300 61 



$11,748,115 00 $126,307 52 



* Value of Land, 8240,731; buildings, $270,400; insurance thereon, $169,250 



152 



COLUMBIA 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 (5 per cent.), . 
Company's stock owned by directors, . 



$369,082 00 
150,331 00 
39,830 00 
10,000 00 
10,000 00 
81,800 00 



Schedule A. 

Securities held as Collateral. 



30 shares N'l Metro. B'k, Washington, D. C, 
436 " American Graphophone Co , . 
7 " Union Sav. B% Washington, D. C, 



Schedule B. 



Market Value. Loaned Thereon. 

|21,750 00 $11,000 00 

1,526 00 1,100 00 

1,260 00 875 00 



Bonds owned by the Company. 

Book Value. 

Norfolk, Va., city bonds, $10,259 93 

New York city bonds 54,875 00 

Syracuse, N. Y., city bonds, .... 19,700 00 



$24,536 00 $12,975 00 



Market Value. 

$10,259 93 
54,875 00 
19,700 00 



$84,834 93 $84,834 93 



"COLUMBIA INSURANCE COMPANY," JERSEY CITY, N. J. 

[Incorporated March 21, 1901. Commenced business March 21, 1901.] 

Paid-up Capital, $400,000. 

JAMES A. WHITLOCK, President. H. L. PARKER, Secretary. 

Income. 

Net marine premiums, . . . ... . . $74,853 75 

Interest on bonds, 17,147 67 

From all other sources, 66 73 



Total income, 
Ledger assets, Dec. 31, 1902, 



Total, 



Disbursements 



Net amount paid for marine losses, . 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Tuxes and fees, 

Bad debts, 

All other disbursements, .... 

Total disbursements, .... 

Balance 



!,068 15 
505,828 58 

$597,896 73 



$37,302 21 

14,000 00 

13,892 90 

7,084 25 

221 00 

1,897 60 

124 67 

2,238 09 

$76,760 72 

$521,136 01 



COLUMBIA INSURANCE CO. 



153 



Ledger Assets. 

Bonds (schedule A), f 480,688 13 

Cash in banks 25,896 32 

Agents' balances, 14,551 56 



Total ledger assets, . 



$521,136 01 



Non-Ledger Assets. 



Interest accrued on bonds, 
Gross assets, 



4,465 00 



. $525,601 01 



Assets not admitted. 



Agents" balances over three months due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$1,041 42 
23,286 25 



24,327 67 
$501,273 34 



Liabilities. 

Unpaid losses, including $24,092 resisted, 
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, 



$424,807 91 



535,698 09 
40,767 34 



,465 43 



400,000 00 
24,807 91 

$501,273 34 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, . 

Amount reinsured, .... 

Net amount in force, . 



Premiums. 

£2,990,038 00 $63,062 09 
5,829,800 00 106,687 57 



^8,819,838 00 $169,749 66 
5,615,271 00 86,121 76 



1,204,567 00 $83,627 90 
90,886 00 2,093 22 



$3,113,681 00 



i 1,534 68 






Miscellaneous. 

Premiums received from organization of comj>any, 
Losses paid from organization of company, . 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (3.5 per cent ), 



$286,969 00 

170,809 00 

41,532 00 

26,000 00 

14,000 00 



154 COMMERCE INSURANCE CO. 



Schedule A. 



Bonds owned by the Company. 

Book Value. Market Value. 



City of Jersey City bonds, 

City of New York bonds, .... 

City of Binghamton bonds, 

City of Buffalo bonds, .... 

North Pacific & Great Northern R.R. bonds, 

New York Central R.R. bonds, 

St. Louis, Iron Mountain R.R. bonds, 

Chicago & Northwestern R.R bonds, 



$116,375 00 $109,500 00 

187,610 63 178,161 88 

53,812 50 49,500 00 

62,925 00 60,000 00 

18,100 00 18,250 00 

9,600 00 9,800 00 

18,475 00 18,400 00 

13,790 00 13,790 00 



$480,688 13 $457,401 88 



"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. 

Income. 

Net fire premiums, $ 201,000 57 

Interest on mortgage loans, $2,440.62 ; collaterals, $1,182.95 ; 

stocks and bonds, |8,835.01; all other, $1,685.80, . . 14,144 38 

Rents, 6,519 24 

Profit on sale or maturity of ledger assets, .... 645 89 

Total income, $222,310 08 

Ledger assets, Dec. 31, 1902, 413,356 02 



Total, $635,666 10 

Disbursements. 

Net amount paid for fire losses, $97,884 85 

Interest and dividends to stockholders, 16,000 00 

Commissions or brokerage, 47,920 72 

Salaries, fees, etc., of officers and employees, .... 14,480 88 

Repairs and expenses on real estate, 655 36 

Real estate taxes, $1,815.54 ; other taxes and fees, $8,357.80, 10,173 34 

Loss on sale or maturity of ledger assets, . . . . 710 44 

Premium on stocks and bonds, 2,855 30 

All other disbursements 7,079 08 



Total disbursements, $197,759 97 

Balance, $437,906 ia 

Ledger Assets. 

Real estate, $79,000 ; mortgages,* $42,100, .... $121,10000 

Loans secured by collateral (schedule A) , . . . . 17,500 00 

Stocks and bonds (schedule B), 232,250 00 

* Value of land, $43,950; buildings, $97,050; insurance thereon, $74,S00. 



COMMERCE INSURANCE CO. 



155 



Cash in banks and office, . 
Agents' balances, 



Total ledger assets, 



,474 53 
18,581 60 

$437,906 13 



Non-Ledger Assets. 

Interest accrued : — 
On stocks and bonds, $2,054.64; other assets, $107.14, . 
Rents accrued on company's property, .... 
Market value of stocks and bonds over book value, 



2,161 78 

879 30 
5,427 50 



Gross assets, $446,374 71 



Liabilities. 

Unpaid losses, including $2,250 resisted, $14,200 ; less rein- 
surance, $1,956, 

Unearned premiums on outstanding risks, $136,088.65 ; plus 
same on disallowed reinsurance, $3,488.58, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, ...... 

Surplus over capital and general liabilities, . 



$294,553.48 



$12,244 00 
139,577 23 

$151,821 23 

200,000 00 
94,553 48 



Total liabilities, $446,374 71 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, 



.$23,326,121 00 
. 20,640,281 00 

. $43,966,402 00 
. 18,780,585 00 

. $25,185,817 00 
. 1,397,484 00 



Premiums. 

$250,388 03 
244,300 69 

$494,688 72 
217,530 33 

$277,158 39 
14,199 56 



. $23,788,333 00 $262,958 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 (8 per cent.), . 
Company's stock owned by directors, .... 



56,353,764 00 

3,981,983 00 

92,329 00 

968,000 00 

16,000 00 

70,450 00 



Schedule A. 

Securities held as Collateral. 



25 shares First Nat'l Bank, Albany, N. Y., 
50 " Albany & Susquehanna R.R., . 
100 " Morris & Essex R.R., . 



Market Value. 

$2,500 00 

11,900 00 

9,250 00 



Loaned Thereon. 

$1,500 00 
16,000 00 



$23,650 00 $17,500 00 



156 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



Schedule B. 

Slocks and Bonds owned by the 



New York city bonds, .... 

Albany city bonds, 

Brooklyn, N. Y., bonds, .... 
Albany county bonds, .... 
150 shares First Nat'l Bank, Albany, N. Y., 
50 " Nat'l Bank of Cohoes, N. Y., . 
500 " Western Union Telegraph Co., 
200 " Pennsylvania R.R. Co., . 
5 " Underwriters' Salvage Corp., N. Y., 



Company. 

Book Value. 

$64,250 00 
71,500 00 
10,000 00 
11,000 00 
15,000 00 
5,000 00 
45,000 00 
10,000 00 
500 00 



Market Value. 

$65,217 50 
71,500 00 
10,200 00 
11,110 00 
15,000 00 
8,750 00 
43,500 00 
11,900 00 
500 00 



$232,250 00 $237,677 50 



"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. 



Income. 



Net fire premiums, . 

Interest on stocks and bonds, . 

Total income, 
Ledger assets, Dec. 31, 1902, . 



$197,580 83 
10,536 70 

$208,117 53 
395,333 12 



Total $603,450 65 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, . 

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

Taxes and fees, 

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

Total disbursements, 

Balance, 



$93,612 47 

10,000 00 

47,180 20 

3,759 92 

4,908 61 

30 62 

4,747 82 

$164,239 64 

$439,211 01 



Ledger Assets. 



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

Total ledger assets, . 



$377,873 75 

5,549 42 

55,787 84 

$439,211 01 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



157 



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



Gross assets, 



,113 75 



$440,324 76 



Assets not admitted. 

Agents 1 balances over three months due, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, . . . 

Total admitted assets, .... 



|675 84 
3,743 25 



4,419 09 

$435,905 67 



Liabilities. 

Unpaid losses, including $3,850 resisted, f 24,851 ; less rein- 
surance, $7,921, . . 

Unearned premiums on outstanding risks, $119,752.68 ; plus 
same on disallowed reinsurance, $108.28, . 

Commissions and other charges due agents and brokers, 

Due for return premiums, $413.38; reinsurance, $3,141.09, . 

Reserved for contingencies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$281,316 49 



$16,930 00 

119,860 96 
6,743 75 
3,554 47 
7,500 00 

$154,589 18 

200,000 00 
81,316 49 



Total liabilities, $435,905 67 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



.$27,516,896 00 
. 28,182,048 00 



.$55,698,944 00 
. 27,082,177 00 

. $28,616,767 00 
. 9,204,317 00 



Premiums. 

$312,659 51 
330,029 83 

$642,689 34 
313,107 67 

$329,581 67 
101,067 38 



Net amount in force, . 



.$19,412,450 00 $228,514 29 



Miscellaneous. 



Premiums received from organization of company, . . $1,053,253 00 

Losses paid from organization of company, .... 563,541 00 

Fire losses incurred during the year, 86,877 00 

Cash dividends declared from organization of company, . 79,000 00 

Dividends declared during the year (5 per cent.), . . . 10,000 00 

Company's stock owned by directors, . . . . . 7,500 00 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $23,24125 $26,700 00 

New York city armory bonds, .... 202,560 00 195,000 00 



158 



THE COMMONWEALTH INSURANCE CO. 



New York city water loan bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Southern R'y Co. bonds, .... 
Michigan Lake Superior Power Co. bonds, 
Western Union Tel. Co. bonds, 
Missouri Pacific R'y bonds, 
St Louis Southwestern R'y Co. bonds, . 
Chicago, Mil. & St. Paul stock, 
Southern R'y Co. stock, .... 
Second Avenue R.R. Co., N. Y., stock, 
Manhattan Elevated R'y Co. stock, . 



Book Value. 

$13,715 00 

10,161 25 

8,650 00 

9,250 00 

10,450 00 

20,925 00 

13,893 75 

16,112 50 

9,312 50 

26,740 00 

12,862 50 



• Market Value. 

$13,065 00 

9,925 00 

9,170 00 

9,000 00 

10,350 00 

21,075 00 

13,912 50 

17,700 00 

7,900 00 

25,908 00 

14,425 00 



$377,873 75 $374,130 50 



"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. E. J. PERRIN, Secretary pro tern. 

Income. 

Net fire premiums, ... $322,508 98 

Interest on mortgage loans, $8,441. 26 ; stocks and bonds, $37,- 

605.87, . 46,047 13 

Profit on sale or maturity of ledger assets, .... 20,178 00 



Total income, 
Ledger assets, Dec. 31, 1902, 



5,734 11 
1,141,030 66 



Total, $1,529,764 77 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Cash paid for redemption of scrip, . 

Interest paid to scrip holders, . 

Commissions or brokerage, . 

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

Rents, 

Taxes and fees, 

All other disbursements, 



Total disbursements, 
Balance, 



$133,484 02 

35,000 00 

4,680 00 

1,426 00 

54,660 48 

28,197 90 

4,284 00 

11,788 29 

11,622 73 

$285,143 42 

$1,244,621 35 



Ledger Assets. 



Mortgages,* .... 
Stocks and bonds (schedule A), 



$175,000 00 
998,607 70 



* Value of laud, $146,000; buildings, $135,500; insurance thereon, $152,500. 



THE COMMONWEALTH INSURANCE CO. 



159 



Cash in banks and office, .... 

Agents' balances 

Office premiums in course of collection, . 

Total ledger assets, .... 



,194 75 
12,210 10 
25,608 80 

$1,244,621 35 



Non-Ledger Assets. 
Interest accrued on mortgages, 

Gross assets, 



2,012 90 



$1,246,634 25 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $201,868.80 ; plus 

same on disallowed reinsurance, $99, 

Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $1,822.01 ; reinsurance, $632.43, . 
Reserved for contingencies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities 



$930,184 74 



$16,172 57 

201,967 80 

4,700 00 

3,071 47 

2,454 44 

88,083 23 

$316,449 51 

500,000 00 

430,184 74 

1,246,634 25 



Fire risks outstanding Dec. 3k, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $34,249,868 00 $359,413 13 
. 38,106,956 00 390,180 22 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $72,356,824 00 $749,593 35 
. 35,464,441 00 354,470 86 



,892,383 00 $395,122 49 
904,138 00 6,105 83 



.$35,988,245 00 $389,016 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 (7 per cent.), . 

Company's stock owned by directors, 



53,597,025 00 

1,945,750 00 

126,839 00 

386,000 00 

35,000 00 

254,300 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



175 shares American Surety Co., 

120 " American Sugar Refining Co., 

500 " American Telegraph & Cable Co , 



Book Value. 

$13,825 00 
12,120 00 
16,000 00 



Market Value. 

$13,825 00 
12,120 00 
16,000 00 



160 



THE CONCORDIA FIRE INSURANCE CO. 



500 shares American Tel. & Telegraph Co., 

1,000 " Brooklyn City R.R. Co., 

1U0 " Brooklyn Union Gas Co., 

200 " Canada Southern R'y Co., . 

100 " Chicago., Mil. & St. Paul R'y Co 

800 " Chicago & Northwestern R'y Co 

100 " Ch , St. P'l, Minn. & Om. R'y Co 

654 " Consolidated Gas Co., N. Y , 

200 " Del., Lack. & Western R R. Co., 

200 " The Great Northern R'y Co , 

70* " Hocking Valley R'y Co., . 

50 " Kan C'y, St. L. & Chic. R.R. Co 

115 " The Manhattan R'y Co., 

100 " N. Y. Cent. & Hud. R. R.R. Co., 

220 •« N. Y , N. H. & Hart. R.R. Co., 

100 " The Pullman Co., . 

100 " Rome, Watert'n & Og. R.R Co., 

13 " Bank of America, . 

400 " Pennsylvania R.R. Co., 

70 " Corn Exchange Bank, . 

50 " German-American Bank, 

17 " The Manhattan Co , . 

50 " Merchants' National Bank, . 

32 " Nat'l Bank of Commerce, . 

25 " National Park Bank, 

50 " N. Y. Produce Exchange Bank, 

United States-bonds, 

New York city bonds 

Missouri, Kansas & Texas R'y Co. bonds, 



Book Value. 


Market Value. 


$63,500 00 


$63,500 00 


18,725 00 


18,725 00 


18,312 50 


18,312 50 


11,525 00 


11,525 00 


15,175 00 


15,175 00 


144,200 00 


144,200 00 


10,162 50 


10,162 50 


127,203 00 


127,203 00 


24,387 50 


24,387 50 


37,925 00 


37,925 00 


5,880 00 


5,880 00 


6,818 75 


6,818 75 


16,112 50 


16,112 50 


11,925 00 


11,925 00 


43,065 00 


43,065 00 


15,300 00 


15,300 00 


11,087 50 


11,087 50 


6,591 00 


6,591 00 


22,925 00 


22,925 00 


24,150 00 


24,150 00 


5,812 50 


5,812 50 


2,694 50 


2,694 50 


4,250 00 


4,250 00 


6,688 00 


6,688 00 


10,731 20 


10,731 20 


8,250 00 


8,250 00 


5,360 00 


5,360 00 


275,000 00 


275,000 00 


2,906 25 


2,906 25 


$998,607 70 


$998,607 70 



"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. 

Income. 

Net fire premiums, $637,772 09 

Interest on mortgage loans, $21,327.36; bonds, $16,026.92, . 37,354 28 

Rents, 1,404 90 

From all other sources, 71 55 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



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, 
Taxes and fees, 



$676,602 82 
963,746 74 

$1,640,349 56 



$354,249 21 

12,000 00 

185,767 59 

33,140 00 

2,370 00 

510 17 

28,856 80 



THE CONCORDIA FIRE INSURANCE CO. 



161 



Loss on sale or maturity of ledger assets, 

Profit and loss, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets. 

Real estate, $16,492.04; mortgages,* $452,330, 

Bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 

Total ledger assets, 

Non-Ledger Assets. 

Interest accrued ; 

On mortgages, $4,041.99 ; bonds, $6,374.18, . 
Market value of real estate over book value, . 
All other, 



Gross assets, 



Assets not admitted. 



Special deposits, .... 

Depreciation in book value of bonds, 

Total unadmitted assets, . 



$25,000 00 
12,522 99 



Total admitted assets, 



Liabilities. 



Unpaid losses, including $8,600 resisted, $73,584.28; less 
reinsurance, $20,934.36, 

Unearned premiums on outstanding risks, $583,404. 46 ; plus 
same on disallowed reinsurance, $180.45, .... 

Due for reinsurance, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$309,294 30 



Total liabilities, . 



Risks and Premiums. 



$24 86 

336 71 

47,418 20 

$664,673 54 

$975,676 02 



$468,822 04 

340,875 04 

59,993 80 

105,985 14 

$975,676 02 



10,416 17 

507 96 

7,022 56 

$993,622 71 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$119,595,776 00 
76,593,999 00 

$196,189,775 00 
73,761,363 00 

$122,428,412 00 
. 19,524,249 00 



37,522 99 

$956,099 72 



$52,649 92 

583,584 91 

10,570 59 

$646,805 42 

200,000 00 

109,294 30 

$956,099 72 



Premiums. 

$1,370,724 39 

968,462 81 

$2,339,187 20 

926,629 67 

$1,412,557 53 

262,334 48 



$102,904,163 00 $1,150,223 05 



* Value of land, $592,100; buildings, $686,500; insurance thereon, $393,600. 



162 



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. 



Chicago, 111., bonds, . 
Cincinnati, Ohio, bonds, . 
Washington Co., 111., bonds, 
Lincoln, Neb., bonds, 
State of Montana Agricultural 
Fond du Lac, Wis., bonds, 
Sparta, Wis., bonds, . 
Dubuque, Iowa, bonds, 
Whiting, Ind., bonds, 
Lawrence County, 111., bonds, 
Spokane, Wash., bonds, . 
New York city bonds, 
Milwaukee, Wis., bonds, . 
Westport, Mo., bonds, 



College bonds 



Book Value. 

$25,625 00 
44,000 00 
15,600 00 
25,937 50 
42,779 
31,125 

2,500 

8,450 
11,296 
13,651 
23,147 
27,375 
55,636 
13,751 



50 
00 
00 
00 
40 
25 
50 
00 
25 
64 



£9,183,296 00 

4,816,415 00 

348,883 00 

339,667 00 

12,000 00 

108,900 00 



Market Value. 

§25,000 00 
42,240 00 
15,143 00 
25,000 00 
40,572 00 
30,228 00 

2,500 

8,000 
10,661 
13,186 
21,944 
27,175 
53,553 
13,149 



00 
00 
00 
25 
00 
00 
30 
50 



$ 340,875 04 $328,352 05 



"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. 

Income. 

Net fire premiums, . $2,879,933 86 

Interest on mortgage loans, $64,792.55; stocks and bonds, 

$122,079.14; all other, $2,379.84, 189,25153 

Rents, 4,177 68 

Profit on sale or maturity of ledger assets, . . . . 7,244 59 



Total income, $3,080,607 66 

Ledger assets, Dec. 31, 1902, less commissions due, . . 4,585,813 41 

Total, $7,666,421 07 

Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, 



$1,414,629 77 

100,000 00 

587,872 61 

203,773 83 

10,985 04 



CONNECTICUT FIRE INSURANCE CO. 



163 



Repairs and expenses on real estate, $ 3,175 06 

Real estate taxes, $3,630.37; other taxes and fees, $91,322.61, 94,952 98 

All other disbursements, 173,937 95 

Total disbursements, $2,589,327 24 

Balance, $5,077,093 83 

Ledger Assets. 



Real estate, $192,300; mortgages,* $1,333,250, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents 1 balances, 

Bills receivable, 

Total ledger assets, , 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, 



Gross assets, 



$1,525,550 00 

3,000,950 95 

304,708 16 

236,019 16 

9,865 56 

$5,077,093 83 

106,698 05 
$5,183,791 88 



Assets not admitted. 



Agents' balances over three months due, 
Bills receivable, past due, .... 

Special deposits less $78,404 liability thereon, 
Total unadmitted assets, .... 



$3,243 87 

4,567 38 

89,236 00 



Total admitted assets, 



97,047 25 
i,086,744 63 



Liabilities. 



Unpaid losses, including $26,733 . 60 resisted, $253,685 . 64 ; less 

reinsurance, $19,430.24, $234,255 40 

Unearned premiums on outstanding risks, .... 2,500,862 20 



All liabilities, except capital and surplus, . . . $2,735,117 60 

Surplus to policy holders, . . . . $2,351,627 03 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,351,627 03 



Total liabilities, 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



. $5,086,744 63 



Risks and Premiums. 

Premiums. 

$382,481,608 00 $4,678,121 54 
. 261,486,967 00 3,496,067 05 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$643,968,575 00 $8,174,188 59 
. 232,627,099 00 3,093,439 47 



$411,341,476 00 $5,080,749 12 
. 19,797,471 00 261,231 29 



$391,544,005 00 $4,819,517 83 



Value of land, $2,028,075; buildings, $2,201,9"); insurance thereon, $1,628,000. 



164 



CONNECTICUT FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from re-organization of company, . 
Losses paid from re-organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from re-organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



137,084,799 00 

20,672,891 00 

1,425,316 00 

3,805,000 00 

100,000 00 

27,400 00 



Schedule A. 

Stocks and Bonds oivned by the Company. 



Dominion of Canada bonds, 

State of Georgia bonds, . 

Territory of Arizona bonds, 

City of Astoria, Ore., bonds, 

City of Cleveland, Ohio, bonds, 

City of Columbus, Ohio, bonds, 

City of Dallas, Texas, bonds, . 

City of Duluth, Minn., bonds, . 

City of Fargo, N. D., bonds, 

City of Helena, Mont., bonds, . 

City of Nashville, Tenn., bonds, 

City of New Britain, Conn., bonds, 

City of New York, N. Y., bonds, 

City of Pawtucket, R. I , bonds, 

City of Portland, Ore., bonds, . 

City of Richmond, Va., bonds, . 

City of Salem, Ore., bonds, 

City of Salt Lake, Utah, bonds, 

City of San Diego, Cal., bonds, 

City of Seattle, Wash., bonds, . 

City of Urbana, Ohio, bonds, . 

Hennepin Co. and Minn. City, Minn., bonds, 

Wayne County, Mich., bonds, . 

E Hartford, Conn., Fire District bonds, 

High School District, Stockton, Cal., bonds, 

Mankato School District, Minn., bonds, . 

School Dis., No 24, Marion Co., Ore , bonds, 

South School District, Hartford, Conn., bonds 

Atlantic & Danville R.R. bonds, 

Black Rocks & Salisbury Beach St. R.R. bonds 

Broadway & Seventh Avenue R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

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

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

Chicago & Northwestern R.R. bonds, 

Chicago & Western Indiana R.R. bonds, . 

Cincinnati, Dayton & Ironton R.R. bonds, 

Cincinnati, Hamilton & Dayton R.R. bonds, 

Cincinnati, Indian ap. & West. R'y bonds, 

Cleve., Cin., Chicago & St. Louis R.R. bonds, 

Cleveland Electric R.R bonds, 

Cleveland & Mahoning Valley R R. bonds, 

Dayton & Michigan R.R. bonds, 

Detroit Railroad bonds, .... 

Fitchburg R.R. bonds, .... 



Book Value. 

$102,564 06 
26,625 00 
79,525 
18,115 
52,750 
35,424 
12,360 
46,925 
6,478 75 
21,400 00 
50,625 00 
25,625 
51,031 
30,525 
57,625 
50,000 00 
12,017 50 
41,512 
32,831 
25,250 
15,900 
27,640 
25,750 
41,800 
33,262 50 
15,247 50 
14,121 
96,125 
23,625 
9,500 
20,207 
22,537 
24,500 
46,750 
114,088 
33,835 
14,325 
51,125 
24,750 



00 
00 
00 
60 
00 
00 



00 
25 
00 

00 



50 
25 
00 
00 
00 
00 
00 



25 
00 
00 
00 
94 
50 
00 
00 
75 
00 
00 
00 
00 



9,000 00 



00 
00 
00 
00 
00 



51,375 
11,000 
26,437 
54,862 
51,500 



00 
00 
50 
50 
00 



Market Value 

$100,000 00 
28,500 00 
79,500 00 
18,500 00 
52,750 
34,680 
12,720 
46,100 
6,600 
21,400 00 
50,625 00 
25,500 00 
51,000 00 
32,100 00 
58,000 
52,000 
11,880 
43,200 
32,400 
26,750 
15,000 
26,750 
25,500 
41,200 
32,400 
15,000 
14,040 
95,000 00 
23,000 00 
10,200 00 
20,000 00 
23,500 00 
23,750 00 
46,750 00 

115,400 00 
32,480 00 
16,800 00 
55,000 00 
24,750 00 
9,800 00 
51,000 00 
12,000 00 
26,500 00 
53,500 00 
54,0U0 00 



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



CONNECTICUT FIRE INSURANCE CO. 



165 



Illinois Central R.R. bonds, 

Iowa Central Railroad bonds, 

Lehigh Valley R.R. bonds, 

Lynn & Boston R.R. bonds, 

Michigan Central R.R. bonds, 

Minneapolis & St. Louis R.R. bonds, 

Norfolk & Western R.R. bonds, 

North Chicago Street R.R. bonds, . 

Northern Pacific & Gt. Northern R.R. bonds, 

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

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

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

N. Y., N. H. & Hartford debenture certs., 

Penn & N. Y. Canal R.R. bonds, . 

Port Reading R.R. bonds, .... 

Rutland R R. bonds, 

Rutland Canadian R.R. bonds, . 

Southern Pacific R.R. bonds, . 

St. Louis & San Francisco R.R. bonds, . 

St. Louis Southern R R. bonds, 

Toledo & Ohio Central R.R. bonds, . 

Utica, Clinton & Binghampton R.R. bonds, 

West Chicago Street R.R. bonds, 

West Chicago St. R.R. Tunnel Co. bonds, 

Adams Express Co. bonds, 

Chicago Edison Co. bonds, 

Hartford Electric Light Co. bonds, . 

New York Dock Co. bonds, 

People's Gas Lt. & Coke Co., Chic, bonds, 

Swift Company, Chicago, bonds, 

Northwestern Telegraph Co. bonds, 

Western Union Telegraph Co. bonds, 

Traders' Safe & Trust Co., Chicago, bonds, 

150 shares Bald Eagle Valley R.R. Co., . 

173 " Chicago & Northwestern R.R. Co., 

200 " N. Y. Cent. & Hudson R. R.R. Co. 

677 « N. Y., N. H. & Hartford R.R. Co., 

300 " Pitts., Ft. Wayne & Chic R.R. Co., 

200 " Empire & Bay Sts. Telegraph Co. 

600 " Northwestern Telegraph Co., 

412 " New York Dock Co., 

167 •« First National Bank, Minn., . 

100 " Imp. & Traders' Nat'l Bank, N. Y. 

11 " Second National Bank, N. Haven, 
100 " yEtna National Bank, Hartford, 

93 " Charter Oak Nat'l Bank, Hartford 
125 " Far. & Mech. Nat'l Bank, Hart,, 
185 " First National Bank, Hartford, 
300 " Hartford National Bank, Hartford 
412 " National Exchange Bank, Hart., 
150 " Phoenix National Bank, Hartford, 

45 " Conn. Trust & Safe Dep. Co., Hart., 



25 
50 
00 
00 
00 
00 
00 



Book Value. 

$25,000 00 
28,156 25 
25,312 50 
10,200 00 
24,281 25 
47,687 50 
23,098 13 
10,350 00 
23,993 75 
76,226 25 

53.025 00 
52,375 00 
26;812 50 
26,500 00 
10,200 00 
26,187 50 
25,000 00 
41,616 
24,837 
26,250 
15,375 
12,400 
10,050 
10,175 
25,046 88 
26,625 00 
10,223 00 
38,540 00 
26,125 00 
25,500 00 
16,850 00 
52,937 50 
10,000 00 
15,000 00 
16,470 00 
24,154 25 

114,868 12 
28,700 00 
14,800 00 
27,600 00 
17,716 00 
19,054 00 
16,800 00 
1,782 00 
12,500 00 

12.026 00 
26,442 50 
26,655 72 
45,645 75 
28,106 00 
22,246 50 

4,950 00 



Market Value. 

|23,750 00 
28,000 00 
26,750 00 
11,200 00 
24,250 00 
49,000 00 
24,250 00 
10,000 00 
23,500 00 
73,350 00 
51,000 00 
51,000 00 
27,750 00 
27,250 00 
10,500 00 
26,250 00 
25,000 00 
42,800 00 
25,000 00 
25,500 00 
16,500 00 
11,800 00 
10,000 00 
10,000 00 
25,500 00 
26,000 00 
10,100 00 
37,310 00 
25,750 00 
25,250 00 
15,000 00 
50,500 00 
10,000 00 
15,000 00 
28,718 00 
23,800 00 

132,692 00 
54,900 00 
15,600 00 
36,000 00 
20,600 00 
29,225 00 
57,500 00 
2,145 00 
20,000 00 
9,765 00 
15,000 
24,975 
40,500 
25,544 
18,000 00 
10,350 00 



00 
00 
00 
00 



1,000,950 95 $3,107,649 00 



166 



CONTINENTAL INSURANCE CO. 



kImSed,' 



"CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated November, 1852. Commenced business January, 1853.] 
Paid-up Capital, $1,000,000. 

HENRY EVANS, President. 

Income. 

Net fire premiums, $5,862,665 61 

Interest on mortgage loans, $1,574.28; stocks and bonds, 

$413,210.10; all other, $32,604.18, 447,388 56 

Rents, . 70,083 30 

Profit on sale or maturity of ledger assets, .... 346,612 52 



Total income, ....... 

Ledger assets, Dec. 31, 1902, less commissions due, 



Total, 



. $6,726,749 99 
. 13,016,314 99 

$19,743,064 98 



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, $14,549. 24 ; other taxes and fees, $141,069, 
All other disbursements, 

Total disbursements, 

Balance, 



. $2,680,112 31 

300,000 00 

314 00 

30 

. 1,283,678 84 

424,759 45 

8,490 00 

31,916 62 

39, 155,618 63 

300,196 03 

. $5,185,086 18 

$14,557,978 80 



Ledger Assets.* 

Real estate, $1,113,000 ; mortgages,! $32,150, . 

Stocks and bonds (schedule A), 

Cash in banks and office, . 

Agents 1 balances, .... 

Bills receivable, .... 

Total ledger assets, . 



$1,145,150 00 

11,460,530 14 

808,503 53 

715,941 32 

427,853 81 

$14,557,978 80 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $808.07; stocks and bonds, $82,936.50, 
Rents accrued on company's property, .... 

Gross assets, J 



83,744 57 
1,686 67 

$14,643,410 04 



* The company holds also instalment premium notes to the amount of $1,637,307.71, 
which do not enter into or form any part of the assets of the company, as no portion of 
them is earned. Whatever value is attached to them would necessarily be counterbalanced 
by the addition of an amount exactly equal to the insurance liability," the entire sum con- 
sisting of " unearned premiums." 

t Value of land, $24,050; buildings, $41,950; insurance thereon, $40,625. 

X Including $600,000 special reserve held under New York laws. 



CONTINENTAL INSURANCE CO. 



167 



Assets not admitted. 

Agents' balances over three months due, . 
Bills receivable, past due, .... 
Special deposits less $84,031.63 liab. thereon,. 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 



$79,794 82 

333,315 23 

35,968 37 

172,015 14 



Total admitted assets, 



$621,093 56 
$14,022,316 48 



Liabilities. 



Unpaid losses, including $47,701 resisted, $495,237.96 ; less 

reinsurance, $30,344.73, $164,893 23 

Unearned premiums on outstanding risks, $5,646,414.36 ; plus 



same on disallowed reinsurance, $1,904.24, . 

Interest due or accrued, 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, 

Due for reinsurance premiums, 

Unpaid scrip ordered to be redeemed, .... 
Reserved for contingencies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, ...... 

Surplus over capital and general liabilities, . 



',542,346 41 



Total liabilities, . 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



5,648,318 60 

6,082 02 

75 00 

15,000 00 

18,077 22 

27,524 00 

300,000 00 

^6,479,970 07 

1,000,000 00 
. 6,542,346 41 

$14,022,316 48 



Risks and Premiums. 

Premiums. 

$1,007,619,851 00 $10,422,229 95 
661,320,652 00 6,818,332 69 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



$1,668,940,503 00 $17,240,562 64 
607,716,451 00 6,069,255 18 



,061,224,052 00 $11,171,307 46 
. 25,828,191 00 322,969 54 



Net amount in force, . 



$1,035,395,861 00 $10,848,337 92 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 



$96,973,635 00 

52,347,360 00 

2,723,206 

7,444,357 

300,000 

155,800 



00 
00 
00 
00 



Slocks and Bonds owned by the Company. 

Book Valne. Market Value. 

250 shares American Exchange Nat'l Bank, . $50,000 00 $50,000 00 

50 " Bank of America, .... 20,000 00 20,000 00 

1,200 " Mechanics 1 National Bank, . . 60,000 00 60,000 00 

350 " Merchants' National Bank, . . 26,250 00 26,250 00 

200 " Central Trust Co., . . . 240,000 00 300,000 00 



168 



CONTINENTAL INSURANCE CO. 



1,200 shares American Telegraph & Tel. Co 
1,000 " Atlanta & Charlotte Air L. R.R 
1,500 " Baltimore & Ohio R.R. Co., 

17,000 " Brooklyn City R.R. Co., . 

600 " Buffalo, Roches. & Pitts. R'y Co. 
2,500 " Chicago & Alton Railway Co., 
1,000 " Chic. & East Illinois R.R. Co., 
1,000 " Chicago Great Western R'y Co. 
3,000 " Chicago, Mil. & St. Paul R'y, 
2,500 " Chicago & Northwestern R'y, 
1,000 " Chic, St. P., Minn. & O. R'y Co. 
500 " Cin., Hamilton & Dayt'n R'y Co. 
1,000 " Clevc, C, C. & St. Lo. R'y Co., 
2,200 " Consolidated Gas Co , N. Y., 
1,000 " Delaware & Hudson Co., . 
2,283 " Lake Sh. & Mich. South. R'y Co. 

500 " Mahoning Coal R R. Co., . 
1,000 " N. Y., Chic. & St. Louis R'y Co. 
5,021 " N. Y. & Harlem R.R. Co., . 
1,320 " N. Y., N. H. & Hart. R.R. Co., 

10,000 " Pennsylvania R.R. Co., 

500 " Pitts , Ft. Wayne & C. R'y Co., 
1,000 " Pitts., C , C. & St. Lo. R'y Co., 
4,200 " Pitts., McKees. & Youg. R.R. Co. 

500 " Second Ave. R.R. Co., 
2,000 " Southern Railway Co., 
2,000 " United N. J. R.R. & Canal Co,, 
1,500 " United States Express Co., 
5,800 " Northern Securities Co., 
1,000 " Hocking Valley Railway Co., 
1,000 " Del., Lack. & West. R.R. Co., 
2,005 " Chicago & Northwestern R'y Co. 
312 " Bank of New York, . 
500 " Manhattan Railway Co., 
1,000 " Louisville & Nashville R.R. Co. 
500 " Missouri Pacific Railway Co , 

Chicago & Alton Railway Co. bonds, 

Chicago & Northwestern Sinking Fund bonds 

Columbia & Greenville R.R. bonds, 

Elmira, Cortland & Northern bonds, 

Louisville & Nashville bonds, . 

Metropolitan Street Railway Co. bonds, . 

N. Y. Gas, Elec. Light, H. & P. Co. bonds, 

Panama Railroad Co. bonds, . 

Portland, Oregon, water bonds, 

Richmond, Virginia, bonds, 

New Mexico bonds, 

Georgia bonds, 

New York city bonds, .... 

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

Wabash R.R. Co. bonds, .... 

Northern Pacific & Great Northern bonds, 

Milwaukee Gas Light Co. bonds, 

Western Maryland R.R. Co. bonds, . 

Atlantic Coast Line R.R. bonds, 

St. Louis, Iron Mt. & Southern R'y Co. bonds 

Massachusetts registered bonds, 



00 
00 
14 
00 
00 
00 
00 



00 
00 
00 
00 



00 
00 
00 
00 
00 



Book Value. 

$161,250 00 

140,000 00 

128,137 

382,500 
70,778 

175,000 

120,000 
85,000 

525,000 

525,000 00 

175,000 00 
50,000 00 

105,000 

430,427 

158,101 

524,880 
50,000 00 
85,000 00 

961,296 00 

251,000 

617,687 
79,589 

100,000 

252,000 

100,000 00 

160,000 00 

500,000 00 

181,038 00 

574,084 00 

103,717 00 

127,064 00 

341,253 
93,477 
66,171 

105,145 
46,639 
15,000 
41,000 
50,000 00 
50,000 00 
50,000 00 

100,000 00 
90,000 00 
48,050 00 
50,000 00 
50,000 00 
10,000 00 
25,000 00 

800,125 00 
84,997 00 

187,500 00 
90,000 00 
90,000 00 
85,000 00 

250,000 00 

131,625 00 

214,750 00 



00 
00 
00 
00 
00 
00 
00 



Market Value. 

$151,200 00 

140,000 00 

122,500 00 

382,500 00 

75,000 00 

175,000 00 

120,000 00 

85,000 00 

525,000 00 

525,000 00 

175,000 00 

50,000 00 

105,000 00 

422,400 00 

155,000 00 

570,750 00 

50,000 00 

82,500 00 

953,990 00 

250,800 00 

595,000 00 

87,500 00 

95,000 00 

252,000 00 

100,000 00 

150,000 00 

500,000 00 

165,000 00 

522,000 00 

70,000 00 

125,000 

330,825 

78,000 

70,000 

100,000 

45,000 00 

14,800 00 

41,000 00 

50,000 00 

50,000 00 

50,000 00 

100,000 00 

90,000 00 

50,000 00 

50,000 00 

50,000 00 

10,000 00 

25,000 00 

800,000 00 

68,000 00 

157,500 00 

90,000 00 

89,000 00 

85,000 00 

225,000 00 

135,000 00 

200,000 00 



00 
00 
00 
00 
00 



$11,460,530 14 $11,288,515 00 



THE DELAWARE INSURANCE CO. 



169 



"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, $702,875. 

TATTNALL PAULDING, President. HENRY LYLBURN, Secretary. 



Income. 
Net fire premiums, . . . 
Deposit premiums on perpetual risks, 
Interest on mortgage loans, $5,285.75; collaterals, 

915.63; stocks and bonds, $37,002. 18; all other, $1,777.57, 
Rents, including company's own occupancy, .... 
Profit on sale or maturity of ledger assets, .... 
Profit and loss, 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



$869,630 50 
8,141 41 

55,981 13 

8,774 23 

2,878 11 

20 90 

$945,426 28 
1,591,896 15 



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, $2,162.02 ; other taxes and fees, $22,949.28, 
All other disbursements, 

Total disbursements, 

Balance, 



2,537,322 43 


$389,578 


78 


4,129 


57 


28,115 


00 


225,625 


99 


62,232 


93 


8,041 


44 


7,108 


34 


25,111 


30 



46,720 93 

$796,664 28 

$1,740,658 15 



Ledger Assets. 

Real estate, $200,000 ; mortgages,* $149,700, .... $349,700 00 

Loans secured by collateral (schedule A), . . . 235,000 00 

Stocks and bonds (schedule B), 972,284 69 

Cash in banks and office, 44,101 89 

Agents' balances, 139,171 57 

All other ledger assets, 400 00 

Total ledger assets, $1,740,658 15 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $1,681.63; stocks and bonds, $13,333.32; 

other assets, $242.46, 15,257 41 

Rents accrued on company's property, 570 00 

Perpetual premiums in course of collection, .... 894 00 

Gross assets, $1,757,379 56 



* Value of land, $228,600; buildings, $101,400; insurance thereon, $106,300. 



170 



THE DELAWARE INSURANCE CO. 



Assets not admitted. 

Special deposits, $ 10,500 00 

Depreciation in book value of stocks and bonds, 11,513 01 
Total unadmitted assets, .... 



Total admitted assets, 



$22,013 01 
. $1,735,366 55 



Liabilities. 

Unpaid losses, including $3,890 resisted, $83,785 ; less rein- 
surance, $ 10,010, 

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, . 



$847,847 48 



$73,775 00 

696,750 27 

116,916 80 

77 00 

$887,519 07 

702,875 00 
144,972 48 



Total liabilities, $1,735,366 55 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$130,690,038 00 $1,474,262 09 
. 89,979,249 00 1,128,027 67 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$220,669,287 00 $2,602,289 76 
, 85,868,555 00 1,053,100 21 



$134,800,732 00 $1,549,189 55 
. 15,849,517 00 190,112 47 



$118,951,215 00 $1,359,077 08 



Perpetual risks in force (not included above), $4,523,631 00 $129,622 84 



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, .... 



$36,254,501 00 
21,448,542 00 
422,062 00 
2,789,136 00 
28,115 00 
90,125 00 



Schedule A. 
Securities held as Collateral. 



1,000 shares Union Traction Co., 

300 " Philadelphia Co., . 
1,000 " Philadelphia Rapid Transit Co. 

700 " Philadelphia Co., . 

100 *• American R'ys Co., 

200 " Union Traction Co., 



Market Value. Loaned Thereon. 

$45,750 00} 

12,225 00 > $50,000 00 

8,000 00 ) 

28,525 00 S 

4,400 00 } 30,000 00 

9,150 00) 



THE DELAWARE INSURANCE CO. 



171 



400 shares Lehigh Valley R'y Co., . 
200 " American R'ys Co., . 
400 " Philadelphia Electric Co., 
300 " Consol. Traction Co. of N. J., . 
100 " Duluth, S. Shore & Atlan. R'y Co., 
200 " Cambria Steel Co., . 

24 " Catawissa R.R., 
Electric & People's bonds, 

Paterson & Passaic Gas and Electric Co. bonds 
Newport & Cincinnati Bridge Co. bonds, . 
American R'ys bonds, .... 
100 shares United Gas Imp. Co., 
200 " Cambria Steel Co., . 
100 " Philadelphia Electric Co., 
Consol. Traction Co. of N. J. bonds, 
Equit. Illnm Gas Light Co., Phila., bonds, 
Reading Co. P. & R. Coal & Iron bonds, . 
100 shares Ft. Worth & Denver City R'y Co., 
200 " Lake Erie & Western R'y Co., 
400 " Reading Co 

25 " United Gas Improvement Co., 
Iron Mountain Car Trust bonds, 
500 shares Warwick Iron & Steel Co., 
100 " American R'ys Co., . 
100 " Reading Co., . 

25 " Pennsylvania R.R. Co., . 
Philadelphia Electric Co. bonds, 
Trenton & New Brunswick R'y Co. bonds, 
326 shares Union R'y In. Co., San Francisco, 
210 " United Gas Improvement Co., 
Interstate R'y Co. bonds, .... 



Schedule B. 



00 J» $50,000 00 

00 

00 

00 

00 

00 j 



} 20,000 00 



Market Value. Loaned Thereon. 

$14,600 001 

8,800 00 

2,400 00 
19,800 00 

1,300 00 

3,775 

1,440 
985 

1,010 

1,040 

9,875 

8,700 00) 

3,775 00 ! 
600 00 

6,360 00 

5,350 00 
950 00 J 

5,400 001 

6,000 00 

8,800 00 )> 25,000 00 

2,175 00 
10,000 00 J 

1,500 001 

4,400 00 

2,200 00 

1,462 00 
15,625 00 

5,820 00 J 
14,507 00 S 
18,270 00 ) 
14,300 00 ; 



} 25,000 00 



35,000 00 



$309,269 00 |235,000 00 



Stocks and Bonds owned by the Company. 



State of Georgia bonds, . 

City of Camden, N. J., bonds, . 

City of Richmond, Va., bonds, . 

Lehigh Valley R'y Co. bonds, . 

Allentown Terminal R'y Co. bonds, 

Penn. & N. Y. Canal & R.R. Co. bonds, 

Delano Land Co. bonds, . 

Mortgage Trust Co of Penn. bonds, 

Wilmington & Northern R.R. Co. bonds, 

St. Louis Merchants' Bridge Term. Co. bonds 

Phila., Wilm. & Bait. R.R. Co. trust certs 

People's Passenger R'y Co. bonds, . 

United Traction Co. of Pittsburg bonds, 

Lynn & Boston R.R. Co. bonds, 

Allegheny Valley R.R. Co. bonds, . 

Johnston Steel Co. bonds, 

Westinghouse Electric & Mfg. Co. bonds 

Connecticut R'y & Lighting Co. bonds, 

Reading R.R. Co. bonds, . 

New York Dock Co. bonds, 

Philadelphia Co. bonds, . 

American R'ys bonds, 



00 
25 
00 
50 
18 



Book Value. 

$9,925 00 
30,666 00 
35,855 00 
126,855 72 
50,370 00 
50,360 
30,506 
15,000 
26,012 
25,406 
29,400 00 
29,398 07 
19,900 00 
20,560 00 
51,500 00 
14,962 13 
20,387 
24,937 
38,033 
11,000 
31,654 89 
25,183 32 



50 
50 
33 
00 



Market Value. 

$10,150 00 
30,000 00 
37,740 00 

129,312 50 
48,000 00 
48,000 00 
30,450 
12,650 
26,791 
27,187 
30,150 00 
30,600 00 
22,100 
22,516 
50,833 
14,490 
20,300 00 
22,187 50 
36,400 00 
9,716 67 
29,150 00 
24,520 84 



00 
00 
67 
50 



00 
67 
33 
00 



172 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Electric & People's Trust certificates, 
United R'ys, San Francisco, bonds, . 

Reading Co. bonds 

City of Duquesne, Pa., bonds, . 
Camden & Suburban R'y Co. bonds, 
Roanoke R'y & Electric Co. bonds, . 
Borough of South Bethlehem, Pa., bonds 
Suburban Gas Co., Phila., bonds, 
Lynchburg Traction & Light Co. bonds, 
Philadelphia Electric Co. bonds, 
Pennsylvania R R. Co. stock, . 
New York Dock Co. stock, 
Philadelphia Bourse stock, 
Underwriters' Salvage Co. stock, 



Book Value. 

$24,812 50 
20,281 
23,806 
29,123 
20,500 
20,050 00 
25,812 50 
15,375 
10,025 
24,250 
27,500 
11,000 00 
1,375 00 
500 00 



25 
25 

80 
00 



00 
00 
00 
00 



Market Value. 

$24,500 00 
18,750 00 
23,750 00 
26,910 00 
19,900 00 
19,983 34 
25,500 
15,087 
10,116 
24,687 
32,725 
4,950 

165 

500 



00 
50 
66 
50 
00 
00 
00 
00 



$972,284 69 $960,771 68 



"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. MOOllE, President. A. H. McDONELL\ Secretary. 

Income. 

. $412,600 37 



Net fire premiums, $338,867.78 ; marine, $73,732.59, . 
Interest on mortgage loans, $41,965.49 ; collaterals, f 943.34 ; 
bonds, $8,553.26; all other, $11,709.10, . . 

Rents, 

From all other sources, . 



Total income, 
Ledger assets, Dec. 31, 1902, 

Total, .... 



63,171 19 

7,049 51 

1,950 04 

. $484,771 11 

. 1,508,744 27 

. $1,993,515 38 



Disbursements. 



Net amount paid for fire losses, $162,673.66; marine, $50,- 

436.02, . 

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, $1,691.67 ; other taxes and fees, $20,605.45, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $303,660.75 ; mortgages,* $693,160.14, 

Loans secured by collateral (schedule A), 

Bonds (schedule B),. 



$213,109 68 
50,000 00 
68,556 41 
28,339 34 
3,000 00 
3,614 85 
22,297 12 
28,532 34 
34,520 10 

$451,969 84 

$1,541,545 54 



$996,820 89 

66,479 50 

384,918 70 



* Value of land, $850,113; buildings, $SS2,235; insurance thereon, $606,655. 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



173 



Cash in banks and office, . 
Agents 1 balances, 
Bills receivable, 
Advances on losses, . 

Total ledger assets, . 



,059 71 

50,189 39 

635 00 

1,442 35 

,541,545 54 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $12,625.80 ; bonds, $5,629.41 ; collateral loans, 

$704.36; other assets, $2,950.12, 

Market value of bonds over book value, 



Gross assets, 



21,909 69 
750 00 

$1,564,205 23 



Assets not admitted. 



Agents 1 balances over three months due, 
Bills receivable, past due, 
Excess of loan over market value, . 
Total unadmitted assets, . 

Total admitted assets, 



$4,035 39 
280 00 
129 50 



4,444 89 



$1,559,760 34 



Liabilities. 

Unpaid losses, including $4,092.17 resisted, . 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$1,194,996 50 



1,392 61 
298,371 23 

$364,763 84 

500,000 00 
694,996 50 



Total liabilities, $1,559,760 34 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

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

Net amount in force, . 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force,. 



.$44,596,117 00 
. 36,450,283 00 

.$81,046,400 00 
. 32,759,978 00 

. $48,286,422 00 
. 3,374,757 00 



^Premiums. 

$496,182 70 
442,244 75 

$938,427 45 
378,695 00 

$559,732 45 
39,166 69 



.$44,911,665 00 $520,565 76 



$1,131,566 00 
6,323,177 00 

$7,454,743 00 
4,994,136 00 

$2,460,607 00 
1,249,564 00 



$53,347 63 
84,778 81 

£138,126 44 
74,044 27 

$64,082 17 
9,986 14 



$1,211,043 00 $54,096 03 



174 



DUTCHESS INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, .... 



58,738,911 00 

4,420,590 00 

158,941 00 

67,653 00 

1,178,500 00 

350,000 00 

50,000 00 

109,450 00 



Schedule A. 
Securities held as Collateral. 



Mortgage assigned, .... 
2 shares People's Savings Bank stock, 

20 " National Lead Co. stock, 
Wabash R.R. bonds, . 
Village of St. John's, Mich., bonds, , 
Village of St. John's, Mich., bond, . 

50 shares Wayne Co. Sav. Bank, Detroit, 

20 " Com. & Sav. Bank, St. Clair, . 

32 " First Nat'l Exch. Bank, Pt. Huron, 
200 " Pt. Huron Engine & Thresher Co,, 
United States bonds, ...... 

County of Bay, Mich., bonds, .... 

Delray, Mich., bonds, 



Schedule B. 



Market Value. 

$2,000 00 

2,500 00 

1,600 00 

11,400 00 

2,000 00 

1,000 00 

12,500 00 

2,500 00' 

4,000 00 

2,000 00 

13,333 00' 

15,450 00 

11,250 00 



11,533 00 



Bonds owned by the Company. 



United States bonds, 

Pioneer Steamship Co. bonds, . 
American Steamship Co. bonds, 
Yosemite Steamship Co. bonds, 
School Dist., No. 3, Springwells, Mich., bonds 

Detroit citj T bonds, 

Adams Transportation Co. bonds, . 
Stewart Transportation Co. bonds, . 
Monroe Transportation Co. bonds, . 
Detroit Trust Co. debentures, . 



Book Value. 

|52,250 00 

10,000 00 

10,000 00 

10,000 00 

6,000 00 

241,668 70 
10,000 00 
10,000 00 
10,000 00 
25,000 00 



Loaned Thereon. 

$800 00 

2,629 50 

900 00 

12,000 00 

900 00 
10,000 00 

5,000 00 

10,000 00 
14,250 00 
10,000 00 



,479 50 



Market Value. 

$53,000 00 

10,000 00 

10,000 00 

10,000 00 

6,000 00 

241,668 70 
10,000 00 
10,000 00 
10,000 00 
25,000 00 



$384,918 70 $385,668 70 



"DUTCHESS INSURANCE COMPANY," POUGHKEEPS1E, N. Y. 

[Incorporated April 12, 1836. Commenced business April 12, 1836.] 

Paid-up Capital, $200,000. 

L. H. VAIL, President. J. J. GRAHAM, Secretary. 

Income. 

Net fire premiums, $544,347 81 

Interest on mortgage loans, $949.05 ; collaterals, $1,373.72 ; 

stocks and bonds, $21,340.34; all other, $3.70, . . . 23,666 81 

Rents, including company's own occupancy, .... 1,022 00 



DUTCHESS INSURANCE CO. 



175 



Profit on sale or maturity of ledger assets, 
Profit and loss, 



$1,930 00 
15 60 



Total income, $570,982 22 

Ledger assets, Dec. 31, 1902, less commissions due, . . 687,683 15 

Total, $1,258,665 37 

Disbursements. 

Net amount paid for fire losses, $277,038 32 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, 145,346 11 

Salaries, fees, etc., of officers and employees, .... 21,926 18 

Rents, including company's own occupancy, .... 720 00 

Repairs and expenses on real estate, 102 10 

Real estate taxes, $171.33 ; other taxes and fees, $12,561.39, . 12,732 72 

All other disbursements, 12,755 28 

Total disbursements, $482,620 71 

Balance, $776,044 66 

Ledger Assets. 



Real estate, $25,595 ; mortgages,* $18,700, 

Loans secured by collateral (M., K. & T. R.R. Co., $2,000), 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $301 .62 ; stocks and bonds, $2,804.59, 
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, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 



$629 30 
7,034 73 



Total admitted assets, 



Liabilities. 



Unpaid losses, including $2,950 resisted, $54,688.98 ; less re- 
insurance, $5,036 .23, 

Unearned premiums on outstanding risks, $418,588.13 ; plus 
same on disallowed reinsurance, $68.17, . 

Due for reinsurance premiums, 

All liabilities, except capital and surplus, 



$44,295 00 
1,500 00 

586,944 73 
98,945 44 
44,359 49 

$776,044 66 



3,106 21 

729 33 

1,905 00 

$781,785 20 



7,664 03 
$774,121 17 



$49,652 75 

418,656 30 
2,125 34 

$470,434 39 



* Value of land, $25,150; buildings, $17,700; insurance thereon, $15,250. 



176 



DUTCHESS INSURANCE CO. 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$303,686 78 



$200,000 00 
103,686 78 



Total liabilities, $774,121 17 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $65,160,174 00 $742,929 03 
. 53,117,192 00 694,722 85 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$118,277,366 00 $1,437,651 88 
. 46,790,884 00 583,672 11 



4,486,482 00 $853,979 77 
3,802,044 00 51,520 16 



.$67,684,438 00 $802,459 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, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . . . . 



56,532,583 00 

4,159,731 00 

290,390 00 

36,000 00 

12,000 00 

76,800 00 



Schedule A. 

Stocks and Bonds oioned by the Company. 



Buffalo city bonds, .... 
Long Island city bonds, . 
New York city bonds, 
Poughkeepsie city bonds, . 
Iowa Central R'y Co. bonds, 
Kanawha & Michigan R'y Co. bonds, 
Lake Erie & Western R.tL Co. bonds, 
Leavenworth & Term R'y & Bridge Co. bonds, 
Northern Pacific-Great Northern Joint bonds, 
St Louis, Iron Mt. & South. R'y Co. bonds, 
Southern Pacific Co. bonds, 
Tennessee Coal, Iron & R.R. Co. bonds, . 
Union Pacific R.R. Co. bonds, . 
Brooklyn Union Gas Co. bonds, 
Chicago Gas Light & Coke Co. bonds, 
Poughkeepsie Elec. Light & Power Co. bonds 
United Traction & Electric Co. bonds, 
100 shares CI., Cin., Chic. & St. Lo. R'y Co., 
400 " N. Y. Cent. & Hudson R. R.R. Co. 
100 " Northern Securities Co., . 
200 " Pennsylvania R.R. Co., . 
200 " Union Pacific R.R. Co., . 
100 " Southern R'y Co., . 
5 " Fallkill Nat'l Bank, Poughkeepsie 
60 " Far. and Manuf . N'l B'k, Poughk., 
10 " Merch. Nat'l Bank, Poughkeepsie, 
100 " American Telegraph & Cable Co., 



Book Value 

$21,375 00 

5,700 00 

105,697 48 

60,668 50 

11,450 00 

4,500 00 
11,562 

5,250 

9,605 
11,012 

8,800 00 

5,000 00 
10,737 

5,712 
10,900 
10,500 

5,850 

9,787 
52,373 75 

8,612 50 
11,512 50 
16,325 

9,162 
650 

9,600 

1,450 



50 
00 
00 
50 



50 
50 
00 
00 
00 
50 



00 
50 
00 
00 
00 



9,000 00 



Market Value. 

$20,400 00 

5,700 00 
101,590 
60,700 
11,000 

4,750 
11,300 

5,250 

9,400 
11,200 

9,000 

4,600 

9,700 

5,750 
10,900 
10,500 

5,350 

8,200 
48,000 

9,0i)0 00 
11,900 00 
17,800 

9,300 

800 

12,000 

1,500 

8,400 



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



00 
00 
00 
00 
00 
00 



EMPIRE CITY FIRE INSURANCE CO. 177 

Book Value. Market Value. 

436 shares Consolidated Gas Co., N. Y., . . $83,425 00 $85,020 00 

300 " Metropolitan St. R'y Co., N. Y., . 39,750 00 37,500 00 

100 " American Express Co , . . . 17,812 50 19,000 00 

100 " Manhattan R'y Co., N. Y., . . 13,662 50 14,400 00 



$586,944 73 $579,910 00 






"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. 

Income. 

Net fire premiums, $103,827 15 

Interest on mortgage loans, $275 ; stocks and bonds, $6,657 . 77 ; 

all other, $763.77, . . 7,696 54 

Profit on sale or maturity of ledger assets, .... 3,562 50 

Total income, $115,086 19 

Ledger assets, Dec. 31, 1902, 310,734 16 

Total, $425,820 35 

Disbursements. 

Net amount paid for fire losses, $77,264 24 

Commissions or brokerage, 32,818 80 

Salaries, fees, etc., of officers and employees, .... 10,722 50 

Rents, . 3,500 00 

Taxes and fees, . . . . • 1,765 93 

All other disbursements, 4,811 32 

Total disbursements, $130,882 79 

Balance, $294,937 56 

Ledger Assets. 

Mortgages,* . $5,500 00 

Stocks and bonds (schedule A), 270,023 75 

Cash in banks and office, 13,931 54 

Agents' balances, 5,482 27 

Total ledger assets, $294,937 56 

Assets not admitted. 

Depreciation in book value of stocks and bonds, ... 55 00 

Total admitted assets, $294,882 56 

* Value of land, $10,000; buildings, $5,000; insurance thereon, $5,000. 



178 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, 1 18,830; less reinsurance, f 2,040, . 
Unearned premiums on outstanding risks, $52,600.14 ; pins 
same on disallowed reinsurance, $59.05, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$225,433 37 



Total liabilities, . , 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



.|16,598,937 00 
. 11,656,275 00 

.$28,255,212 00 
. 16,849,091 00 

. fll,406,121 00 
. 2,044,857 00 



$16,790 00 

52,659 19 

$69,449 19 

200,000 00 
25,433 37 

$294,882 56 



Premiums. 

$210,422 41 
125,280 43 

$335,702 84 
205,159 98 

$130,542 86 
27,526 64 



Net amount in force, . 



►,361,264 00 $103,016 22 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. 

New York city bonds, $250,506 25 

Lake Shore & Michigan Southern R'y bonds, . 10,280 00 

American Exchange National Bank stock, . 8,737 50 

Underwriters' Salvage Co. stock, . . . 500 00 



$4,351,464 00 

2,060,747 00 

68,876 00 

933,000 00 

85,100 00 



Market Value. 

$247,968 75 

10,000 00 

11,500 00 

500 00 



$270,023 75 $269,968 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. 

Income. 

Net premiums, $204,852 05 

Interest on stocks and bonds, $8,546.75; all other, $378.26, . 8,925 01 



Total income, $213,777 06 

Ledger assets, Dec. 31, 1902, 222,412 73 



Total, . 



$436,189 79 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 179 



Disbursements. 

Net amount paid for losses, $11,661 86 

Profits on terminated policies, 164,969 35 

Salaries of officers and employees, 4,429 89 

Taxes and fees, 3,721 16 

All other disbursements, 4,543 75 

Total disbursements, $189,326 01 

Balance, $246,863 78 

Ledger Assets. 

Loans secured by collateral (Town of Barrington notes), . $4,000 00 

Stocks and bonds (schedule A), 228,103 35 

Cash in banks, 9,842 44 

Premiums in course of collection, 4,917 99 

Total ledger assets, $246,863 78 

Non-Ledger Assets. 

Interest due and accrued on bonds, 2,380 60 

Market value of stocks and bonds over book value, . . 2,221 65 

Gross assets, $251,466 03 

Liabilities. 

Unpaid losses, $1,206 58 

Unearned premiums on outstanding risks, .... 101,885 09 

Taxes accrued, 3,167 32 

All liabilities, except surplus, $106,258 99 

Surplus, 145,207 04 

Total liabilities, $251,466 03 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $21,946,340 00 $181,732 57 $908,662 85 

Risks written during 1903, . 25,969,792 00 215,770 92 1,078,854 60 

Total $47,916,132 00 $397,503 49 $1,987,517 45 

Risks expired and terminated, . 23,782,554 00 193,733 32 968,666 60 

In force at end of year, . . $24,133,578 00 $203,770 17 $1,018,850 85 

Miscellaneous. 

Losses incurred during the year, $12,186 00 

Profits or surplus returned during 1903, 90.15 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Rhode Island State bonds, .... $48,000 00 $48,000 00 

Providence city bonds, 16,500 00 15,300 00 



180 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Boston city bonds, 

117 shares Providence & Worcester R.R., 
127 " Old Colony R.R., . 
100 " N. Y., N. H-. & Hartford R.R., 
130 " Morris & Essex R.R., 
100 " Cleveland & Pittsburg R.R., . 
40 " Illinois Central R.R., 
100 " Chicago Great Western R.R., . 
100 " Pitts., Bessemer & Lake Erie R.R 
105 " West End Street R.R., . 
300 " Pennsylvania R.R., . 



Book Value. 


Market Value. 


$20,000 00 


$20,425 00 


29,835 00 


33,345 00 


23,495 00 


25,400 00 


18,263 35 


19,600 00 


11,395 00 


11,960 00 


9,550 00 


9,100 00 


4,200 00 


4,200 00 


9,000 00 


8,600 00 


7,700 00 


7,200 00 


9,850 00 


9,345 00 


20,315 00 


17,850 00 


|228,103 35 


$230,325 00 



"EQUITABLE FIRE AND MARINE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $400,000. 

FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary. 

Income. 



Net fire premiums, $838,066.90 ; marine, $23,641.73, . 
Interest on mortgage loans, $7,701 . 04 ; collaterals, $6,838 .81 ; 
stocks and bonds, $24,456.26 ; all other, $138.01, 

Rents, 

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



Total income, 
Ledger assets, Dec. 31, 1902, 



Total, 



Disbursements 



; marine, $lo, 



Net amount paid for fire losses, $431,238.14 

311.47, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

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

Repairs and expenses on real estate, 

Real estate taxes, $1,975.05; other taxes and fees, $25,275.67, 

Profit and loss, 

All other disbursements, .... 

Total disbursements, .... 



Balance, 



Ledger Assets 



Real estate, $120,000; mortgages,* $176,550, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 



$861,708 63 

39,134 12 

5,163 75 

875 00 

506 33 

$907,387 83 
1,073,646 14 

$1,981,033 97 



$446,549 61 

28,000 00 

186,132 11 

50,273 07 

4,072 82 

27,250 72 

3,272 51 

45,488 22 

$791,039 06 

$1,189,994 91 



$296,550 00 
138,000 00 
588,500 00 



* Value of land, $249,000; buildings, $316,500; insurance thereon, $255,250. 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



181 



Cash in banks and office, 

Agents' balances, 

Hills receivable, not matured, 

Total ledger assets, 

Non-Ledger Assets. 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



$29,896 82 

136,120 89 

927 20 

$1,189,994 91 



770 00 
61,985 00 



Gross assets,f $1,252,749 91 

Assets not admitted. 

Agents 1 balances over three months due, . . . . 2,315 69 

Total admitted assets, $1,250,434 22 

Liabilities. 

Unpaid losses, including $7,029 resisted, $71,290 00 

Unearned premiums on outstanding risks, $587,786.26 ; plus 

same on disallowed reinsurance, $4,465.08, . . . . 592,251 34 

Salaries and other miscellaneous expenses, due or accrued, . 4,000 00 

Commissions and other charges due agents and brokers, . 16,986 26 

Due for return premiums $5,000 ; reinsurance, $1,000, . . 6,000 00 

All liabilities, except capital and surplus, . . . $690,527 60 
Surplus to policy holders, .... $559,906 62 

Paid-up capital 400,000 00 

Surplus over capital and general liabilities, .... 159,906 62 

Total liabilities, $1,250,434 22 

Risks and Premiums. 



1 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

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

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



Premiums. 

,707,917 00 $1,007,832 80 
74,716,359 00 1,021,143 87 



$155,424,276 00 $2,028,976 67 
. 64,505,216 00 876,640 06 



,919,060 00 $1,152,336 61 
3,740,290 00 42,572 27 



. $87,178,770 00 $1,109,764 34 

. $256,102 00 $15,221 31 
. 1,610,365 00 24,988 38 



$1,866,467 00 $40,209 69 
1,612,164 00 24,688 93 



$254,303 00 $15,520 76 
6,200 00 263 00 



$248,103 00 $15,257 76 



t Including $70,000 special reserve held under Rhode Island law, 



182 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (7 per cent.), . 

Company's stock owned by directors, . 



$,181,379 00 

5,436,586 00 

417,351 00 

16,383 00 

753,500 00 

28,000 00 

76,000 00 



Schedule A. 
Securities held as Collateral. 



Market Value. Loaned Thereon. 



50 shares Nicholson File Co., Prov., R. I., 
10 " United Traction & Electric Co., 
10 " Narragansett Electric Lighting Co. 
Denver & Northwestern R.R. bonds, 
Gulf & Ship Inland R.R. Co. bonds, 
Rhode Island Suburban R'y Co. bonds, . 
City of Pawtucket, R. I., bonds, 
Chicago & Alton R.R. Co. bonds, 
Central R.R. of New Jersey bonds, . 
Detroit United R'y Co. bonds, . 
American Telephone & Telegraph Co. bonds, 
200 shares Nat'l B'k of N. Amer., Prov., R. I. 
Rhode Island Suburban R'y Co. bonds, . 
125 shares Nat'l Bank of No. Amer., Prov, 
100 " United Trac. & Elec. Co., Prov., 



Schedule B. 



$8,250 00^ 
940 00 ! 
835 00 f 
2,910 00 J 
19,000 00 
23,000 00 
8,120 00^ 
1,640 00 [ 
1,285 00 ( 
11,400 00 J 
3,795 00 
26,600 00 ) 
33,120 00 S 
16,625 00 
9,400 00 



$10,000 00 

15,000 00 
20,000 00 

20,000 00 

3,000 00 
50,000 00 

20,000 00 



$166,920 00 $138,000 00 



Stocks and Bonds owned by the Company. 



City of Boston bonds, .... 
Milwaukee City R.R. Co. bonds, 
N. Y. Central & Hudson River R.R. bonds, 
Lehigh Valley Terminal Co. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Bridgeport Traction Co. bonds, 
United Traction and Electric Co., . 
Columbus, O., St. R.R. Co. bonds, . 
Milwaukee Electric R'y and Light Co. bonds, 
Pawtucket Electric Co. bonds, . 
Met. Wat. W'ks Co. bonds (Kan. City Plant) 
Rhode Island & Suburban R'y Co. bonds, 
Grand Rapids Gas Light Co. bonds,. 
State of Massachusetts bonds, . 
Cincinnati Edison Electric Co. bonds, 
Detroit Electric R'y Co. bonds, 
North Chicago St. R.R. Co. bonds, . 
Northern Pacific, Gt Northern R.R. Co. bonds 
Georgia R'y & Electric Co. bonds, . 
Utica & Mohawk Valley St. R.R. Co. bonds, 
Utica Electric Light & Power Co. bonds, 
Pennsylvania Steel Equipment Trust bonds, 
Pawtuxet Valley Water Co. bonds, . 
Chicago, Alton Equipment Association bonds, 



Book Value. 

$25,000 00 

5,000 00 

12,000 00 

10,000 00 

3,000 00 

5,000 00 

10,000 00 

5,000 00 

20,000 00 

10,000 CO 

7,000 00 

15,000 00 

5,000 00 

75,000 00 

5,000 00 

5,000 00 

5,000 00 

50,000 00 

5,000 00 

5,000 00 

5,000 00 

20,000 00 

10,000 00 

10,000 00 



Market Value. 

$26,375 00 

5,125 00 
10,740 
11,475 

2,865 

5,375 
10,800 

5,200 
21,550 
10,750 

3,500 
13,800 

5,050 
71,812 

5,350 

5,125 

5,175 
46,000 

4,787 

5,100 






00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
50 
00 
00 
00 
00 
50 
00 



5,200 00 

19,500 00 

10,000 00 

10,050 00 



THE FARMERS' FIRE INSURANCE CO. 



183 



Atchison, Topeka & Santa Fe R R. Co. bonds, 
Central R R. of N. J. Car Equipment bonds, 
500 shares Old National Bank, Providence, 
300 " Nat'l Bank of Commerce, Prov., 
200 " American N'l B'k, Providence, 
100 " Fourth Nat'l Bank, Providence, 
100 " First Nat'l Bank, Warren, 
550 " Providence Gas Co., Providence, 
265 " N. Y. Cent. & Hudson R. R.R. Co. 
320 " Illinois Central R.R. Co., 
150 " Chic, Rock Isl. & Pacific R.R. Co. 
100 " Chicago Great Western R.R., . 

50 " Wells, Fargo & Co.,- 
100 " Providence Telephone Co., 

50 " Worcester R'ys & Investment Co , 

5 " Underwriters 1 Salvage Corps., 
400 " Pennsylvania R.R. Co., . 



Book Value. 

$10,000 00 

10,000 00 

50,000 00 

15,000 00 

10,000 00 

10,000 00 

10,000 00 

27,500 00 

26,500 00 

32,000 00 

15,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

500 00 

20,000 00 



Market Value. 

$9,600 00 

9,400 00 
51,000 00 
16,800 00 
10,600 00 
12,300 00 

9,000 00 
55,000 00 
31,800 00 
42,080 00 
22,500 00 

8,600 00 
10,750 00 
11,250 00 

4,700 00 

500 00 

23,900 00 



$588,500 00 $650,485 00 



"THE FARMERS' FIRE INSURANCE COMPANY," YORK, PA. 

[Incorporated April 6, 1853. Commenced business May 16, 1853.] 
WM. H. MILLER, President. E. K. McCONKEY, Secretary. 

Income. 

Net fire premiums, $515,256 64 

Interest on mortgage loans, $9,923 . 37 ; collaterals, $1,897 . 85 ; 

stocks and bonds, $15,605.34; all other, $922.66, . . 28,349 22 

Rents, including company's own occupancy, .... 2,967 00 

Discount on losses, 987 24 



Total income, 
Ledger assets, Dec. 31, 1902, 



Total, . 



Disbursements. 



Net amount paid for fire losses, 

Commissions or brokerage, 

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

Rents, including company's own occupancy, , 

Repairs and expenses on real estate, .... 

Real estate taxes, $474.01 ; other taxes and fees, $11,060.92, 

Profit and loss, 

All other disbursements, . 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $41,500; mortgages,* $189,005.09, 
Loans secured by collateral (schedule A), 



$547,560 


10 


743,822 42 


$1,291,382 52 


$259,634 50 


124,319 


44 


36,689 


00 


1,800 


00 


3,000 


00 


11,534 


93 


3,421 


79 


35,046 


43 


$475,446 09 


$815,936 


43 


$230,505 


09 


68,000 


00 



* Value of land, $289,115; buildings, $289,055; insurance thereon, $100,656 



184 



THE FARMERS' FIRE INSURANCE CO. 



Stocks and bonds (schedule B), 
Cash in banks and office, . 
Agents' balances, 
Certificates of deposit, 



$340,113 39 
93,793 42 
66,980 68 
16,543 85 



Total ledger assets, . . . .... . . $815,936 43 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages and judgments, $6,728.71 ; stocks and bonds, 

$1,654.90; collateral loans, $2,331.19, . 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



Gross assets, 



10,714 80 

47 83 

66,332 71 

$893,031 77 



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

Total admitted assets, .... 



4,883 13 



. $888,148 64 



Liabilities. 

Unpaid losses, including $7,965 resisted, 

Unearned premiums on outstanding risks, $446,317.43; plus 
same on disallowed reinsurance, $233.67, . . . . 

Reclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, 
Taxes (estimated), 

All liabilities, except capital and surplus, 
Surplus over general liabilities, 



Total liabilities, . 



$47,358 17 

446,551 10 

3,749 69 

11,197 92 

5,000 00 

$513,856 88 
374,291 76 



,148 64 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



. $64,775,954 00 
. 44,514,700 00 



Premiums. 

^816,843 36 
589,847 96 



$109,290,654 00 $1,406,691 32 
. 40,454,318 00 539,769 79 



,836,336 00 $866,921 53 
587,974 00 7,612 62 



$68,248,362 00 $859,308 91 



Perpetual risks in force (not included above), $130,125 00 



1,947 04 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



10,779,200 00 

7,248,124 00 

255,176 00 



FEDERAL INSURANCE CO. 



185 



Schedule A. 

Securities held as Collateral 



66 shares First National Bank, York, Pa., 
Middletovvn Water Co. bonds, . 

51 shares York Water Co , 

20 " York Trust Co., 
128 " York National Bank, 

60 " York Water Co., . 

90 " First Nat'l Bank, Wrightsville, Pa, 
Middletown Water Co. bonds, . 
154 shares York National Bank, 
156 " York Gas Co., . 
Colorado & Southern R'y Co. bonds, 
Fort Worth & Denver City bonds, . 



Schedule B. 



Market Value. 

$13,860 00 

10,000 00 

1,836 00 

1,000 00 

5,760 00 

2,160 00 

13,050 00 

15,000 00 

6,930 00 

11,700 00 

1,600 00 

2,000 00 



Loaned Thereon. 

$18,000 00 

1,500 00 

500 00 

4,400 00 

600 00 

10,000 00 

15,000 00 

15,000 00 

3,000 00 



$84,896 00 $68,000 00 



Stocks and Bonds owned by the Company. 



N. C. Railway bonds, .... 

Philadelphia & Erie R.R. bonds, 

Shamokin, Sunbury & Lewisburg R.R. bonds 

Lehigh Valley R.R. bonds, 

Potomac Valley Railway bonds, 

Lehigh Valley Coal Co. bonds, 

Spring Garden school bonds, . 

Central Market House bonds, . 

York Felt & Paper Co. bonds, . 

United States bonds 

12 shares Farmers' Nat'l Bank, York, Pa., 



50 

75 

615 

533 

4,382 

357 



York Co. Nat'l Bank, York, Pa , 
First National Bank, York, Pa., 
York National Bank, York, Pa., 
Pennsylvania R.R. Co., 
York Water Co., . 
York Gas Co., 



Book Value. 

$8,640 00 
15,907 50 

9,750 00 
25,562 50 

9,250 00 
10,300 00 

8,000 00 
10,000 00 

5,000 00 
39,771 

1,615 

2,130 
13,615 
27,797 
29,176 42 
106,665 50 
16,932 54 



88 
00 
00 
00 
05 



Market Value. 

$8,550 00 
17,062 50 
10,516 67 
25,156 25 
10,750 00 
10,550 00 

7,941 34 

9,833 

4,875 
37,450 

2,112 

2,250 
15,750 
27,675 
31,447 
157,752 
26,775 



34 

00 
00 
00 
00 
00 
00 
00 
00 
00 



$340,113 39 $406,446 10 



"FEDERAL INSURANCE COMPANY," JERSEY CITY, N. J. 

[Incorporated Feb. 1, 1901. Commenced business March, 1901.] 

Paid-up Capital, $500,000. 

PERCY CHUBB, President. MAX GRUNDXER, Secretary. 



Income. 

Net fire premiums, $103,862.74; marine, $703,149.17, . . $807,01191 
Interest on stocks and bonds, $47,592 . 62 ; all other, $9,428 . 43, 57,021 05 



186 FEDERAL INSURANCE CO. 

Profit on sale or maturity of ledger assets, .... $11 11 

From all other sources, 403 15 

Total income $ 864,447 22 

Ledger assets, Dec. 31, 1902, 1,611,670 58 

Total, $2,476,117 80 

Disbursements. 

Net amount paid for fire losses, $8,528.70; marine, $410,- 

846.77, $419,375 47 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 185,076 12 

Salaries, fees, etc , of officers and employees, .... 30,002 23 

Rents, 285 62 

Taxes and fees, 12,583 44 

All other disbursements, 22,063 15 

Total disbursements, $719,386 03 

Balance, $1,756,731 77 

Ledger Assets. 

Stocks, bonds, etc. (schedule A), $1,157,216 03 

Cash in banks and held by managers, 408,192 82 

Agents' balances, 191,322 92 

Total ledger assets, $1,756,731 77 

Non-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $12,555.38 ; other assets, $3,927.81, . 16,483 19 

Reinsurance due on losses paid, 71,467 61 

Gross assets, $1,844,682 57 

Assets not admitted. 

Agents' balances over three months due, . $20,208 75 

Depreciation in book value of stocks and bonds, 51,841 78 

Reinsurance due on losses paid (unauthorized 

companies), 63,359 95 

Total unadmitted assets, .... 135,410 48 

Total admitted assets, $1,709,272 09 

Liabilities. 

Unpaid losses, $236,697.62; less reinsurance, $34,300, . . $202,397 62 
Unearned premiums on outstanding risks, $183,147.33; plus 

same on disallowed reinsurance, $18,450, .... 201,597 33 

Salaries and other miscellaneous expenses, due or accrued, . 10,000 00 

Due for reinsurance premiums, ...... 38,742 04 

Reserved for contingencies, 175,000 00 

All liabilities, except capital and surplus, . . . $627,736 99 
Surplus to policv holders, .... $1,081,535 10 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 581,535 10 

Total liabilities, $1,709,272 09 



FEDERAL INSURANCE CO. 



187 



Risks and Premiums. 



Fire risks written during 1903, 
Risks expired and terminated, , 



In force at end of year, 
Amount reinsured, . 



Net amount in force, . 

Marine risks outstanding Dec 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



.$10,004,801 00 

•. 1,681,457 00 

. $8,323,344 00 

246,908 00 



Premiums. 

117,920 67 
13,790 13 



$104,130 54 
3,062 55 



$8,076,436 00 $101,067 99 

$71,744,200 00 $245,954 98 
472,353,205 00 1,679,656 93 



$544,097,405 00 $1,925,611 91 
.508,525,304 00 1,784,940 05 



.$35,572,101 00 $140,671 86 
. 6,811,115 00 26,974 83 



.$28,760,986 00 $113,697 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, . 



$2,009,656 00 
890,922 00 
13,232 00 
363,059 00 
100,000 00 
50,000 00 
149,400 00 



Schedule A. 

Slocks, Bonds, etc., owned by the Company. 



American Cereal Co. bonds, 

American Dock and Improvement Co. bonds, 

Central R.R. of New Jersey bonds, . 

Consolidated Traction Co. of N. J. bonds, 

East Tenn , Va. & Ga. R.R. bonds, . 

Easton & Amboy R R. Co. bonds, . 

Elizabeth, Plainfield & Central Jersey bonds, 

Elizabeth City, N. J , adjustment bonds, . 

Gas and Elec. Co. of Bergen County bonds, 

Jersey City water bonds, . 

Long Dock bonds, 

National Starch Mfg. Co. bonds, 

Midland of N. J. R.R. Co. bonds, 

Mobile & Ohio bonds, 

New York citv bonds, 

N. Y. Gas & El. Lt., Ht. & P. Co. Col. Tr. b'ds 

N. Y., Chic. & St. Louis R R. bonds, 

N. Y , Susquehanna & Western bonds, 

N. Y. & N. J. Telephone Co. bonds, 



00 
89 
00 
00 
00 



Book Value. 

$19,986 66 
21,618 47 
13,000 00 
27,375 
11,813 
34,950 
25,250 
50,375 
25,062 50 
57,972 50 
20,533 50 
10,676 67 
29,406 25 
12,876 67 

217,285 00 

9,551 11 

21,435 56 

58,624 99 

29,774 70 



Market Value. 

$20,000 00 
21,090 00 
12,900 00 
26,375 00 
11,737 50 
33,375 00 
25,000 00 
49,375 00 
21,875 00 
54,875 00 
19,500 00 
8,775 00 
27,625 00 
12,400 00 

202,000 00 

9,037 50 

20,450 00 

55,000 00 

27,950 00 



188 



FIRE ASSOCIATION OF PHILADELPHIA. 



North Jersey Street R'y Co. bonds, . 

Newark Passenger bonds, 

Newark Consolidated Gas Co. bonds, 

N. Y., L. Erie & Western Dock & Imp. bonds 

Paterson Extension R.R. Co. bonds, 

Toledo & Ohio Central R R. bonds, . 

Trenton Gas & Electric Co bonds, . 

Western Union Tel. Co. Col. Trust bonds, 

Lehigh Valley Terminal bonds, 

Chicago & Alton R.R. Co. bonds, 

Port Reading R.R. Co bonds, . 

Syracuse Lighting Co bonds, . 

St. Joseph R'y, Lt., Ht. & Power Co. bonds, 

North Western Telegraph Co bonds, 

Elgin, Joliet & Eastern R.R. Co. bonds, . 

Choctaw & Memphis bonds, 

Baltimore & Ohio Prior Lien bonds, 

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

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

U. S. Steel Corporation Sinking Fund bonds, 

Illinois Central R.R. Co. bonds, 

Pennsylvania R.R. Co bonds, . 

100 shares Consolidated Traction Co. of N. J. 

267 » N. Y. & N. J Telephone Co., . 

200 " Metropolitan Street R'y Co., . 

10 " Underwriters 1 Salv. Co. of N. Y., 
Atlantic Mutual Ins. Co. scrip of 1903, 



Book Value. 


Market Value. 


$8,150 00 


$6,900 00 


29,507 50 


28,000 00 


26,500 00 


26,375 00 


29,633 34 


28,500 00 


27,088 75 


25,950 00 


11,597 22 


11,275 00 


53,000 00 


52,750 00 


11,247 22 


10,550 00 


11,850 00 


11,300 00 


21,172 35 


20,250 00 


3,445 00 


3,240 00 


9,600 00 


10,200 00 


9,500 00 


10,200 00 


25,781 25 


25,000 00 


11,525 00 


11,400 00 


11,575 00 


11,450 00 


18,533 53 


18,750 00 


10,000 00 


10,000 00 


14,217 75 


14,681 25 


6,762 50 


7,012 50 


14,625 00 


14,775 00 


14,143 54 


14,212 50 


6,812 50 


6,500 00 


41,069 50 


40,450 50 


30,800 00 


24,800 00 


1,000 00 


1,000 00 


510 61 


512 50 


$1,157,216 03 $1,105,374 25 



"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated March 27, 1820. Commenced business Sept. 1, 1817. 

Paid-up Capital, $500,000. 

E. C. IRVIN, President. M. G. GARRIGUES, Secretary. 

Income. 

Net fire premiums, $3,623,383 46 

Deposit premiums on perpetual risks, 52,392 69 

Interest on mortgage loans, $ 72,658 . 54 ; collaterals, $8,079 . 68 ; 

stocks and bonds, $146,742.75; all other, $3,163.30, . . 230,644 27 

Rents, 30,188 78 

Profit on sale or maturity of ledger assets, .... 605 42 

From all other sources, . . . 3,770 53 



Total income, ....... 

Ledger assets, Dec. 31, 1902, less commissions due, 



^3,940,985 15 
5,669,754 97 



Total, $9,610,740 12 



Disbursements. 



Net amount paid for fire losses, 
Deposit premiums returned, 
Interest and dividends to stockholders, 
Interest, 



. $1,787,247 59 

72,155 97 

200,000 00 

3,870 73 



FIRE ASSOCIATION OF PHILADELPHIA. 



189 



Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Repairs and expenses on real estate, 
Real estate taxes, $8,754. 26 ; other taxes and fees, 

Profit and loss, 

All other disbursements, 

Total disbursements, 



,717.27, 



$893,317 


77 


301,984 


75 


13,433 


12 


91,471 


53 


2,504 


93 


87,960 


98 



1,453,947 37 



Balance, $6,156,792 75 



Ledger Assets. 

Real estate, $435,616.46; mortgages,* $1,331,656.99, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 balances, . 



Total ledger assets, 



51,767,273 45 
269,975 00 

3,337,550 32 
275,328 14 
506,665 84 

^6,156,792 75 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $26,152.61; stocks and bonds, $24,032.23 

collateral loans, $2,007.80 

Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 



Gross assets, 



52,192 64 

2,310 33 

4,711 04 

126,003 68 

3,733 30 

1,345,743 74 



Assets not admitted. 

Company's stock owned, $12,090; loans on 
company's stock, $1,500, .... 
Special deposits less $81,125 liab. thereon, 
Miami Valley Lns. Co. stock, .... 
Total unadmitted assets, . 



Total admitted assets, 



$13,590 00 

25,864 00 

1,250 00 



40,704 00 
1,305,039 74 



Liabilities. 

Unpaid losses, including $39,933.09 resisted, $376,412.22; 

less reinsurance, $36,100.13, $340,312 09 

Unearned premiums on outstanding risks, .... 2,746,722 25 

Reclaimable on perpetual fire policies, 1,850,527 43 

All liabilities, except capital and surplus, . . . $4,937,561 77 
Surplus to policy holders, .... $1,367,477 97 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 867,477 97 

Total liabilities, $6,305,039 74 



* Value of land, $1,364,602; buildings, $1,948,349; insurance thereon, $1,251,950. 



190 



FIRE ASSOCIATION OF PHILADELPHIA. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total 

Risks expired and terminated, 

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



$450,754,429 00 
. 363,903,124 00 



Premiums. 

55,501,642 39 
4,878,485 59 



$814,657,553 00 $ 10,380,127 98 
. 335,568,405 00 4,543,095 88 



$479,089,148 00 
. 33,106,807 00 



1,837,032 10 
445,800 91 



Net amount in force, . . . $445,982,341 00 $5,391,231 19 
Perpetual risks in force (not included above), $85,868,643 00 $2,016,994 18 



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. 



$63,277,246 00 

36,032,248 00 

1,826,136 00 

6,579,762 00 

200,000 00 

30,500 00 



Securities held as Collateral. 



Mortgage assigned, Syracuse, N. Y., 
259 shares Merchants' National Bank, 

75 " United N. J. R.R. & Canal Co 
Diamond State Steel Co. bonds, 
114 shares Pennsylvania R.R., . 

9 " Merchants 1 National Bank, 
300 " Philadelphia Co., . 
100 " Cambria Steel Co., . 
100 " Electric Storage Battery Co., 

35 " Metropolitan Securities Co , 
Consolidated Traction Co. bonds, . 
Richmond & Danville R.R. bonds, . 
International Navigation Co. bonds, 
150 shares Philadelphia Electric Co., 
Pitts., McKeesp't & Greensburg R'y Co. b'ds , 
5 shares Fire Association of Philadelphia, . 
Fonda, Johnstown & Gloversville R.R. bonds, 

37£ shares Fonda, Johnst'n & Glov'sv'le R.R , 
Metropolitan Street Railway Co. bonds, 
Shawinigan Water & Power Co. bonds, 
St. Joseph R'y, Light, Heat & Power Co. b'ds 
East St. Louis & Suburban Co. bonds, 

50 shares Columbus Railway Co., . 
100 " Grand Rapids Railway Co., 
Low'r Merion T'nship, Mont. Co., S. Con. b'ds 
Indianapolis Traction Co. bonds, 
100 shares Columbus Railway Co., . 
100 " United States Steel Co., . 
East St. Louis & Suburban Co. bonds, 
Scranton Railway Co. bonds, . 
Wilmington & Chester Traction Co. bonds, 



Market Value. 

$3,000 00 

45,325 00' 

19,875 00 

7,700 00 

6,783 00 



1,575 
12,525 
1,900 
5,950 
3,237 
1,055 
3,540 



00 
00 
00 
00 
50 
00 
00 



4,000 00 \ 
975 00 J 

18,000 00 
1,950 00 

15,000 00 I 
937 50 S 
8,280 00 

15,000 00 

10,100 00^| 
9,600 00 i 
4,237 50 j 
8,600 00 J 

30,600 00 
9;000 00 
8,475 00^ 
5,812 50 j 
9,600 00 J> 
4,750 00 | 
5,050 00 J 



Loaned Thereon. 

$2,825 00 
50,000 00 

7,500 00 



25,000 00 

14,400 00 
1,500 00 

11,250 00 
18,500 00 

25,000 00 

30,000 00 

25,000 00 



FIRE ASSOCIATION OF PHILADELPHIA. 



191 



City of Harrisburg bonds, 
City of Cleveland bonds, .... 
County of Alleghany County Road bonds, 
Conneaut & Erie Traction Co bonds, 
200 shares National Biscuit Co., 

Reading Co. bonds, 

Camden & Trenton Railway Co. bonds, . 
Ballstar Terminal Railway bonds, . 
Trenton & New Brunswick R'y Co. bonds, 
Sunb'ry, Hazleton & Wilkes-BarreR'y Co. b'ds, 



Schedule B. 



Market Value. Loaned Thereon 

$3,000 00) 
10,000 00 S. 
10,000 00 ) 
32,000 00 

7,000 00 

2,932 501 

5,050 00 | 

2,842 50 } 

1,960 00 | 

1.020 00 J 



$19,000 00 

25,000 00 
5,000 00 



10,000 00 



$358,238 00 $269,975 00 



Stocks and Bonds owned by the Company. 



City of Camden bonds, .... 

City of Richmond certificates, . 

City of Tacoma Water and Light bonds, . 

City of Richmond certificates, . 

City of Portland, Ore., bonds, . 

City of Petersburg, Va., bonds, 

Atlantic City, N. J., City Water Works bonds 

City of Duluth Water and Light bonds, . 

City of Birmingham, Ala., bonds, 

State of Georgia bonds, .... 

Lehigh Valley R.R. bonds, "... 

Belt R.R. & Stock Yards bonds, 

Louisville & Nashville R.R. bonds, . 

Texas & Pacific R.R. bonds, 

Camden & Atlantic R R. bonds, 

Cin., Hamilton & Dayton R.R. Co. bonds, 

Cin., Dayton & Ironton R.R. Co. bonds, . 

Chicago, Rock Island & Pacific R.R. Co. bonds 

Northern Pacific R.R. bonds, . 

Reading Co. bonds, 

Ohio River R.R. Co. bonds, 
Lynn & Boston R.R. Co. bonds, 
Lehigh Valley Coal Co. bonds, 
Port of Portland, Ore., bonds, . 
Lehigh Coal & Navigation Co. bonds, 
Evansville & Terre Haute R.R. Co. bonds, 
Newark Passenger R'y Co. bonds, . 
Lehigh Valley R.R. Co. bonds, 
Terminal R.R. Association, St. Louis, bonds, 
Philadelphia City Passenger R'y Co. bonds, 
Cleveland Electric R.R. Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
Toledo Electric Street R'y bonds, 
Central of Georgia R'y Co. bonds, . 
United Traction Co. of Pittsburgh bonds, 
Colorado Springs Electric Co. bonds, 
Fairmount Park Transportation Co. bonds, 
Chicago Edison Co. bonds, 
Minneapolis Street R'y Co. bonds, . 
Trenton Street R'y Co. bonds, . 
Seaboard & Roanoke R R. Co bonds, 
Wilmington & Chester Traction Co. bonds, 
Cleveland, Lorain & Wheeling R.R. Co. b'ds, 



Book Value. 

$1,756 25 
30,954 00 
40,450 00 
64,663 00 
16,950 00 
53,500 00 
27,445 00 

109,996 25 
73,058 25 
26,875 00 
98,583 33 
52,500 00 
59,000 00 
10,572 50 
31,425 00 
20,200 00 
24,250 00 
25,600 70 
33,966 25 
43,212 50 
24,000 
51,125 
15,450 
41,325 

102,856 
51,500 
22,040 
74,000 
74,450 
53,500 00 
60,512 50 
51,250 00 
31,290 00 
45,543 75 
49,750 00 
50,000 00 
52,537 50 
52,250 00 
48,437 50 
19,000 00 
51,625 00 
50,500 00 
53,750 00 



00 
00 
00 
00 
95 
00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$1,500 00 
28,000 00 
41,600 00 
72,160 00 
17,400 00 
61,500 00 
30,750 00 

116,250 00 
73,795 
27,375 

118,500 
57,375 
69,600 00 
10,200 00 
32,700 00 
22,600 00 
28,250 00 
26,000 00 
35,020 00 
48,875 00 
27,000 
57,750 
16,575 
45,240 

119,375 
51,500 
25,135 
79,500 
85,875 
53,500 00 
62,400 00 
51,000 00 
31,500 00 
52,000 00 
55,750 
50,000 
50,125 
52,000 
53,000 
21,400 
55,625 
50,750 
56,125 



00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



192 



FIRE ASSOCIATION OF PHILADELPHIA. 



Trenton Gas & Electric Co. bonds, . 
Harrisbarg Light, Pleat & Power Co. bonds, 
The People's K.R. Co. of Syracuse bonds, 
Fort Pitt Traction Co bonds, . 
Chicago Suburban Water & Light Co. bonds, 
West Chester Lighting Co. bonds, . 
Wheeling Traction Co. bonds, . 
Connecticut Ry & Lighting Co. bonds, . 
Elmira Water, Light & R.R. Co. bonds, . 
Brooklyn Union Elevated R.R. Co. bonds, 
Central of Georgia R.R. Co. bonds, . 
Shawinigan Water & Power Co. bonds, . 

Erie R.R. Co. bonds, 

Reeling Co. G'ld R.R. & Marine Equip. Tr. b'ds 

Wabash RR. Co. bonds 

Chesapeake & Ohio R.R. Co bonds, 
St. Louis & San Fran. R.R. Gold Equip, notes 
Passaic Steel Co. bonds, .... 
Edison Electric Light Co trust certificates, 
Westinghouse Elec. & Manuf. Co. certificates 
United Railways gold trust certificates, . 
Asphalt Co. of America certificates, 
United Gas & Electric Co bonds, 
Erie R.R. Co Gold Car Trust bonds, 
Pennsylvania Steel Equipment Trust bonds, 
St. Joseph R'y Light, Heat & Power Co. b'ds 
Iron Mountain Car Trust bonds, 
Atchison, Topeka & Santa Fe R.R. Co. bonds, 
Phila. Co. Consol. Mort. & Col. Trust bonds, 
Elmira, Courtland & Northern R.R. Co. bonds, 
Pitts , McKeesport & Greensburg R.R. Co. b'ds, 
Pikes Peak Hydro-Electric Co. bonds, 
Chesapeake & Ohio R'y Co. trust bonds,. 
St. Louis & San Fran. R.R. Co. Equip notes, 

331 shares Phila., Ger. & Norrist'n R R. Co. 
70 " Chestnut Hill R.R. Co., 
35 " Philadelphia Bourse, . 
5 " Underwriters' Salvage Co., . 

500 " Philadelphia Traction Co., . 
2,000 " Miami Valley Insurance Co., 

306 " Illinois Southern R'y Co., . 

250 " Colorado Springs Electric Co., 

500 " Passaic Steel Co., . 

200 " United States Steel Corporation, 

600 " Baltimore & Ohio R.R. Co., . 

200 " Philadelphia Co 

500 " United Gas Improvement Co., 
1,000 " Pennsylvania R.R., 

300 " Union National Bank, . 

200 " Cambria Steel Co., 
37 " United Gas & Electric Co., . 

188 " Pikes Peak Electric Co., 
31 " Fire Association, . 



00 
00 
00 
00 



Book Value. 

$40,625 00 
25,500 
3,120 
23,400 
25.000 
20,500 00 
49,500 00 
49,750 00 
24,365 00 
60,300 00 
45,000 00 
24,500 00 
44,625 00 
25,218 75 
21,875 00 
33,402 50 
23,940 00 
47.500 00 
13,325 00 
25,625 00 
20,750 00 
67,577 50 



25,000 

24,375 

25,125 

38,665 

47,125 

26,010 

37,790 

23,250 

23,750 

48,205 

23,625 

30,666 

6,401 

1,375 

500 

28,709 

1,250 

7,650 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
36 
75 
00 
00 
37 
00 
00 



7,875 00 
52,212 50 

9,550 00 
42,040 00 
68,687 50 
36,975 00 

4,750 00 



Market Value. 

$42,400 00 
25,000 00 
3,240 00 
22,500 00 
25.625 00 
20,400 00 
50,000 00 
46,000 00 
25,500 00 
60,750 00 
44,000 00 
25,000 00 
43,375 00 
25,000 00 
21,250 00 
31,775 
23,750 
47,500 
14,170 
25,750 
24,000 
19,000 00 
2,500 00 
25,000 
24,375 
25,125 
38,000 
49,625 
24,625 
37,610 
23,250 
23,750 
48,250 
23,625 
52,960 00 
4,550 00 
177 50 
500 00 
48,750 00 
1,250 00 
2,500 00 
3,750 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



2,550 
47,850 

8,250 
43,750 
59,500 
34,500 

3,800 

2,531 



00 
00 
00 
00 
00 
00 
00 
50 



8,947 86 12,090 00 



1,337,550 32 £3,463,554 00 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 193 



"THE FIRE INSURANCE COMPANY OF THE COUNTY OF 
PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated May 31, 1832. Commenced business April 19, 1833. J 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 

Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $9,108.94 ; collaterals, $179.63; 

stocks and bonds, $24,415.57; all other, $1,824.70, . 
Rents, including company's own occupancy, .... 
Profit on sale or maturity of ledger assets, .... 
From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1902, 



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, $1,205 ; other taxes and fees, $6,759.25, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, 

Balance, $835,110 11 



$228,952 


10 


4,010 


25 


35,528 


84 


4,510 


19 


51 


30 


850 


35 


$273,903 03 


820,108 51 


$1,094,011 


54 


$123,544 


12 


10,520 


64 


24,000 


00 


60,526 


14 


13,354 


99 


1,800 


00 


626 


00 


7,964 


25 


548 


48 


16,016 


81 


$258,901 43 



Ledger Assets. 

Real estate, $59,152.90 ; mortgages,* $201,850, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 

All other ledger assets, 



$261,002 90 

18,700 00 

490,276 04 

34,582 42 

27,359 37 

3,189 38 






Total ledger assets, $835,110 11 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,924.96; collateral loans, $113.36; other 

assets, $100 3,138 32 

Rents accrued on company's property, 35 00 

Market value of real estate over book value, .... 18,312 10 

* Value of property, $384,150; insurance thereon, $162,200. 



194 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, . 



Gross assets, 



Liabilities. 



Unpaid losses, $17,743.32 ; less reinsurance, f 1,332.53, . 
Unearned premiums on outstanding risks, $164,411.96; plus 
same on disallowed reinsurance, $429.09, . 

Reclaimable on perpetual fire policies, 

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, . 



1525,516 78 



Total liabilities, 



$64,681 46 
340 05 

$921,617 04 



$16,410 79 

164,841 05 

210,703 65 

4,144 77 

$396,100 26 

400,000 00 
125,516 78 



1,617 04 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



. $33,023,970 00 

. 23,518,627 00 

. $56,542,597 00 

. 26,311,721 00 

. $30,230,876 00 

. 2,602,192 00 

. $27,628,684 00 



Perpetual risks in force (not included above), $9,678,277 00 



Premiums. 

$388,490 06 
299,066 10 

$687,556 16 
329,190 99 

$358,365 17 
30,593 59 

$327,771 58 
$232,539 94 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



$4,004,218 00 

2,555,521 00 

108,539 00 

828,408 00 

24,000 00 

121,600 00 



Schedule A. 

■Securities held as Collateral. 



Market Value. Loaned Thereon. 



21 shares Union Passenger R'y Co., 
100 " United Gas Imp. Co., 
100 " Lehigh Valley R.R , 
Read. & Phila. & Read. C'l & I'n Co. bonds, 
200 shares Chesapeake & Ohio R'y Co., . 



Schedule B. 



54,851 00 
8,550 00" 
3,600 00 
950 00 
6,400 00 



City of Camden bonds, 
Lehigh Valley R.R. bonds, 



$3,700 00 

10,000 00 

5,000 00 



$24,351 00 $18,700 00 



Slocks and Bonds owned by the Company. 

Book Value. Market Value. 

$1,280 00 $1,075 00 

10,150 00 9,580 00 



fireman's FUND INSURANCE CO. 



195 






Delaware & Bound Brook R.R. Co. bonds, 

Penn. & N. Y. Canal & R.R. bonds, 

Philadelphia & Erie R.R. bonds, 

Pennsylvania R.R. bonds, . 

Penn. & N. W. R R. Co. bonds, 

Lehigh Valley R'y bonds, 

Lehigh Valley R.R. annuity bonds, 

Northern Central R'y Co. bonds, 

Phila. & Reading Terminal bonds, 

Pitts , Cin., Chic. & St. Louis R'y Co. bonds, 

Catawissa R.R. Co. bonds, 

Wladikawkas R'y bonds, . 

Erie R.R. Car Trust bonds, 

Pennsylvania Co. bonds, . 

Pennsylvania Steel Co. bonds, 

Philadelphia Co bonds, . 

Equitable Ilium. Gas Lt. Co. of Phila. bonds, 

Western Union Telegraph Co. bonds, 

Phila. City Passenger R'y Co. bonds, 

Newark Passenger R'y Co. bonds, . 

Elec. & People's Traction Stock Trust certs., 
11 shares Elmira & Williamsport R R., . 

264 " Phila., Ger. & Norris. R.R. Co., 

150 " United Cos. of N. J , 

470 " Pennsylvania R.R Co., . 

104 " North Penn. R.R. Co., . 

205 " Germantown Pass. R'y Co., 

100 " Second & Third Sts. Pass. R'y Co., 
20 " 13th & 15th Sts. Pass. R'y Co., 
50 " Frank. & Southw. P. C. P. R.R. Co 

164 " Union Traction Co. of Phila., . 

200 " Philadelphia Traction Co., 
35 " Nat'l Bank of Northern Liberties, 
28 " Bank of North America, Phila., 
10 " First Nat'l Bank of Phila , 

100 " Phila. Securities Co. (preferred), 



00 
00 
00 
00 



00 
00 
00 
50 



Book Value. 

|28,867 50 

7,387 50 
10,600 00 
20,337 50 
10,400 00 
25,250 00 
18,137 50 
11,550 
12,050 
23,400 

4,300 
15,000 00 

5,000 00 

9,750 
15,250 

5,425 
16,537 
16,425 00 

3,240 00 

4,625 
23,359 
550 
28,847 
29,217 
26,502 

8,699 
17,744 
16,816 

4,500 
16,656 

2,870 
18,225 
11,516 

7,458 

2,102 
250 



00 
00 
00 
05 
39 
00 
50 
60 
00 
00 
25 
00 
00 
25 
00 
50 
00 



Market Value. 

$25,680 00 

6,480 00 
11,550 00 
18,745 00 
10,900 00 
26,687 50 
20,850 00 
12,050 00 
12,500 00 
22,800 00 

4,320 00 
15,300 00 

5,000 00 

9,800 00 
16,350 

5,425 
16,312 
16,500 

3,165 

5,712 
24,875 
550 
42,240 
39,750 
27,965 
10,712 
29,212 50 
29,500 00 

6,100 00 
22,000 00 

7,523 
19,500 

8,575 

7,672 

1,750 00 
250 00 



00 
00 
50 
00 
00 
50 
00 
00 
00 
00 
00 
00 



50 
00 
00 
00 



$490,276 04 $554,957 50 



♦'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. DUTTOX, President. LOUIS WEINMANN, Secretary. 

Income. 

Net fire premiums, $2,724,792.10 ; marine, $534,364.98, . $3,259,157 08 
Interest on mortgage loans, $15,870.85 ; collaterals, $12,177.13 ; 

stocks and bonds, $149,198.89 ; all other, $9,124.32, . . 186,371 19 

Rents, including company's own occupancy, .... 25,259 26 



Total income, $3,470,787 53 

Ledger assets, Dec. 31, 1902, less commissions due, . . 4,900,97197 



Total, $8,371,759 50 



196 fireman's FUND INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $1,293,668.07; marine, 

$311,884.62 $1,605,052 69 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 496,539 46 

Salaries, fees, etc., of officers and employees, .... 287,708 99 

Rents, including company's own occupancy, .... 8,400 00 

Real estate taxes, $ 11,621. 21 ; other taxes and fees, $67,475.85, 79,097 06 

Loss on sale or maturity of ledger assets, .... 29,574 06 

Profit and loss, . 6,248 30 

All other disbursements, . . . . .... 209,99679 



Total disbursements, $2,842,617 35 



Balance, $5,529,142 15 

Ledger Assets. 

Real estate, $533,000; mortgages,* $188,312.50, . . . $721,312 50 

Loans secured by collateral (schedule A), . . . 462,500 00 

Stocks and bonds (schedule B), 3,386,887 71 

Cash in banks and office, 311,385 35 

Agents 1 balances 618,286 47 

Bills receivable, not matured, . . . . . . . 53,715 08 

All other ledger assets, 15,145 72 



Total, . $5,569,232 83 

Less ledger liabilities, 40,090 68 



Total ledger assets, $5,529,142 15 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,420.15; collateral loans, $2,337.30, . . 3,757 45 

Market value of stocks and bonds over book value, . . 216,542 29 



Gross assets, $5,749,441 89 

Assets not admitted. 

Agents 1 balances over three months due, . $44,765 45 

Special deposits less $98,409.05 liab. thereon, . 66,615 95 

Depreciation in book value of real estate, . 15,000 00 

Total unadmitted assets, .... 126,381 40 



Total admitted assets, $5,623,060 49 

Liabilities. 

Unpaid losses, including $4,550 resisted, $343,436.08; less 

reinsurance, $101,355.10 $242,080 98 

Unearned premiums on outstanding risks, $2,336,242. 11 ; plus 

same on disallowed reinsurance, $96,146.82, . . . 2,432,388 93 



All liabilities, except capital and surplus, . . . $2,674,469 91 

* Value of land, $454,500; buildings, $19*2,500; insurance thereon, $86,050. 



fireman's FUND INSURANCE CO. 



197 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



82,948,590 58 



fl,000,000 00 
1,948,590 58 



Total liabilities, $5,623,060 49 



Risks and Premiums. 






Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

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

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$341,676,247 00 
. 304,385,272 00 

$646,061,519 00 
. 280,599,004 00 

$365,462,515 00 
. 48,514,965 00 



Premiums. 

$4,258,660 98 
3,937,632 76 

$8,196,293 74 
3,458,252 04 

$4,738,041 70 
668,181 43 



$316,947,550 00 $4,069,860 27 



.$13,107,752 00 
. 157,595,535 00 

$170,703,287 00 
. 159,123,412 00 

.$11,579,875 00 
. 4,152,679 00 



$416,520 31 
1,065,337 19 

11,481,857 50 
1,096,814 76 

$385,042 74 
150,134 41 



. $7,427,196 00 $234,908 33 



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, . 



$46,228,493 00 

24,093,939 00 

1,338,787 00 

315,855 00 

3,596,000 00 

120,000 00 

105,500 00 



Schedule A. 
Securities held as Collateral. 



390 shares B'k of Sonoma Co., Petaluma, Cal., 
200 " B'k of Sonoma Co., Petaluma, Cal., 
Olaa Sugar Co., Hawaii, bonds, 
400 shares Cal. Safe Dep. & Tr. Co., S F., 
Loan to Merchants' Exchange of San Fran 

cisco, secured by 15 memberships, 
250 shares Contra Costa Water Co. 
Sierra R'y Co. of California bonds, 
5,000 shares Olaa Sugar Co., . 
1,250 " HiloR'yCo, 
Puna Sugar Co. bonds, 
Texas & Pacific R.R. bonds, 
Southern Pacific of Arizona bonds, 
Southern Pacific bonds, 



Market Value. 

$52,650 00 
27,000 00 
46,000 00 
60,000 00 

7,500 00 
10,000 00 
22,000 00 
50,000 00" 
21,250 00 
10,000 00 
11,200 00 : 
10,450 00 

4,900 00 



Loaned Thereon. 

$34,000 00 

15,000 00 

40,000 00 

28,000 00 

7,500 00 

7,500 00 

20,000 00 

50,000 00 



10,000 00 



198 



fireman's FUND INSURANCE CO. 



350 shares California Wine Association, . 
100 " Cal. Safe Dep. & Tr. Co. of S. F., 
100 " El Dorado Lumber Co., . 
400 " S. F. Gas & Elec Co. of S. F., . 
150 " Contra Costa Water Co., 
California Gas & Electric Co. bonds, 
Stockton Gas & Electric Co. bonds, . 
Oakland Transit Co. bonds, 
San Fran , Oakl'd & San Jose R.R. Co. bonds 
Northern It'y Co. of California bonds, 
Southern Pacific of California bonds, 
San Francisco & Nor. Pacific R.R. bonds, 
Presidio & Ferries R.R. Co. bonds, . 

359 shares Presidio & Ferries R R. Co., 
1,000 " Oaku R'y & Land Co , . 

350 " San Francisco Gas & Elec. Co., 



Market Value. 

$32,550 00 
15,000 00 ( 

5,000 00 I 
26,600 00 ( 

6,000 00 S 
15,000 00 I 

3,000 00 $ 
22,000 00 
35,000 00 
26,875 00^1 
15,000 00 | 
24,640 00 j> 

9,000 00 | 
14,360 00 J 
90,000 00 
22,575 00 



Loaned Thereon . 

$28,000 00 

10,000 00 

23,750 00 

13,000 00 

15,000 00 

25,000 00 



75,000 00 



45,000 00 
15,750 00 



$695,550 00 $462,500 00 



Schedule B. 



Stocks and Bonds owned by the Company. 



United States bonds, 

Republic of Hawaii bonds, . 

Omnibus Cable R'y Co., S. Fran., Cal., bonds, . 

Market St. R'y Co., San Francisco, Cal., bonds, 

Powell St. R'y Co., San Francisco, Cal., bonds, 

Sutter St R'y Co., San Francisco, Cal., bonds, 

Pres. & Fer. R.R. Co., San Fran., Cal , bonds, 

Park & Cliff House R'y bonds, . 

Los Angeles R'y Co., Los Angeles, Cal., bonds 

Oakland Transit Co. bonds, 

San Fran. & San Joaquin Val. R'y Co. bonds, 

San Francisco & North Pacific R'y bonds, 

Northern R'y of California bonds, . 

South Pacific Coast R'y Co bonds, . 

Stamped, South. Pacific R R. of Cal. bonds, 

Southern Pacific R.R. of Cal. bonds, 

Southern Pacific Co. of Cal. bonds, . 

South. Pacific R.R. of Cal., unstamped, bonds 

Southern Pacific Branch bonds, 

Sierra R'y of California bonds, 

North Pacific Coast R.R. Co bonds, 

Spring Val. W. W. of San Francisco bonds, 

Pacific Gas Imp. Co. bonds, 

The Risdon Iron & Locomotive Works bonds 

San Francisco Dry Dock Co. bonds,. 

Oakland Gas, Lt. & Ht. Co., Oak., Cal. bonds, 

Stockton Gas & Elec. Co , Stock., Cal., bonds 

Bay Counties Power Co. bonds, 

Pacific Electric R'y Co. bonds, . 

California Central Gas & Electric Co. bonds, 

California Gas & Elec. Co. bonds, . 

San Francisco Gas & Electric Co. bonds, . 

Edison Elec. Co., Los. Angeles, Cal , bonds, 

Valley Counties Power Co. bonds, . 

Northern California Power Co. bonds, 

Siskiyou Electric Power Co. bonds, . 

Keswick Electric Power Co. bonds, . 



Book Value. 

$191,601 56 

9,346 20 

140,577 08 

126,377 50 

24,217 50 

54,755 00 

54,662 50 

5,450 00 
73,506 25 
17,712 50 
78,707 50 
32,082 50 
45,432 00 
190,625 00 
86,235 00 
17,488 78 

2,977 50 
30,375 
83,525 
21,053 
44,000 
61,072 
13,545 
57,937 

5,500 
65,040 
54,265 
42,775 
54,767 
25,625 
50,000 00 
60,142 50 

4,908 35 
20,000 00 
34,750 00 
10,000 00 
10,000 00 



00 
00 
33 
00 
50 
00 
50 
00 
00 
CO 
00 
50 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$199,875 00 

9,800 00 

156,000 

133,340 

24,860 

58,760 

54,000 

5,250 
70,875 
16,925 
81,900 
32,480 00 
43,000 00 
190,000 00 
83,460 00 
16,800 00 

2,940 00 
28,500 00 
78,600 00 
22,000 00 
43,000 00 
56,180 00 
13,650 00 
57,750 00 

5,550 00 
66,650 00 
54,000 00 
40,400 00 
53,500 00 
26,250 00 
50,000 00 
60,000 00 

5,000 00 
20,000 00 
35,000 00 
10,000 CO 
10,250 00 



THE FIREMEN S INSURANCE CO. 



199 



Sunset Telephone & Telegraph Co. bonds, 

American Hawaiian S.S. Co., N. Y., bonds, 

Baker City, Ore., school bonds, 

Riverside Water Co. bonds, 

Honolulu Rapid Transit & Land Co. bonds, 

Oahu R'y & Land Co. bonds, . 

Olaa Sugar Co. bonds, .... 

Hilo R.R. Co., Honolulu, H. I , bonds, 

Oahu Sugar Co. of Honolulu, H. L, bonds, 

Natoma Vineyard Co., Cal., bonds, . 

2,986 shares Home Fire & Mar. Ins. Co. of Cal. 
410 " Bank of Cal., San Fran., Cal., 
130 " First Nat'l Bank, San Fran., Cal. 
225 " Anglo-Cal. B'k, Ltd., S. F., Cal , 
100 " Mercantile Tr. Co., San F., Cal , 

10 " Union Trust Co 

450 " Oakland B'k of Sav., Oak., Cal., 

50 " Union Nat'l Bank, Oakland, Cal., 
304 " San Francisco National Bank, 

1,000 " Cal. St. Cab. R.R. Co., S. F., Cal., 
550 " Pres. & Fer. R.R. Co., S. F., Cal., 
660 " San F. Gas & El. Co., S. F., Cal. 
340 " Pacific States Tel. & Tel. Co., 

1,200 " Spring Val. W. W., S. F., Cal., 
100 " San Jose Wat. Co., San J., Cal., 
656 " San F. Dry D'k Co., S. F., Cal., 
656 " Mission Rock Co., San F., Cal , 
100 " Marin County Water Co., . 



Book Value. 

$75,427 50 

12,900 00 

6,850 00 

17,485 75 

47,551 95 

31,275 00 

29,990 00 

47,500 00 

20,000 00 

1,500 00 

600,403 50 

150,967 00 

1,986 58 

15,560 88 

10,000 00 

18,000 00 

25,200 00 

7,250 00 

33,404 50 

96,763 25 

29,462 50 

59,387 50 

35,545 50 

58,886 25 

9,000 00 

37,429 00 

6,125 00 



Market Value. 

$72,450 00 
13,650 00 
7,280 00 
20,000 00 
52,000 00 
30,900 00 
30,000 00 
50,000 00 
20,000 00 
1,500 00 

600,000 00 

184,500 00 
52,000 00 
19,125 00 
22,500 00 
20,000 00 
36,000 00 
8,250 00 
45,600 00 

200,000 00 
22,000 00 
42,570 00 
34,000 00 
46,500 00 
10,500 00 

39,360 00 

6,200 00 



1,386,887 71 $3,603,430 00 



"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD.* 

[Incorporated December, 1825. Commenced business Aug. 2, 1826.] 

Paid-up Capital, $400,000. 

F. E. S. WOLFE, President. HARRY L. RIALL, Secretary. 

Income. 

Net fire premiums, $688,154 17 

Interest on stocks and bonds, 28,277 99 

Rents, including company's own occupancy, .... 6,670 43 

Profit on sale or maturity of ledger assets, .... 6,346 48 

Borrowed money, 40,000 00 



Total income, $769,449 07 

Ledger assets, Dec. 31, 1902, 1,158,324 22 



Total, $1,927,773 29 



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, . 



8353,413 

64,350 

201,254 

21,865 

2,500 



65 
96 

88 
66 
00 



* The affairs of the company are now being settled by F. E. S. Wolfe as receiver, on 
account of its heavy losses incurred in the Baltimore fire. 



200 THE firemen's INSURANCE CO. 

Repairs and expenses on real estate, $3,112 67 

Real estate taxes, $4,916.01 ; other taxes and fees, $42,101.65, 47,017 66 

Return premiums and reinsurance unpaid in 1902, . . . 19,345 51 

Profit and loss, 4,909 98 

All other disbursements, 27,694 64 



Total disbursements, $745,465 61 



Balance, $1,182,307 68 

Ledger Assets. 

Real estate $145,000 00 

Stocks and bonds (schedule A), 868,086 32 

Cash in banks and office, 57,637 52 

Agents' balances, 111,583 84 



Total ledger assets, $1,182,307 68 

Non-Ledger Assets. 

Interest due and accrued : — 

On stocks and bonds, 14,825 60 

Rents due and accrued on company's property, . . . 376 26 

Market value of stocks and bonds over book value, . . 24,563 68 

Furniture, fixtures and maps, 9,798 36 



Gross assets, $1,231,87158 

Assets not admitted. 

Furniture, fixtures and maps, .... $9,798 36 

Special deposits less $8,943 . 74 liability thereon, 10,656 26 

Total unadmitted assets, .... 20,454 62 



Total admitted assets, $1,211,416 96 

Liabilities. 

Unpaid losses, $31,399.37; less reinsurance, $405.22, . . $30,994 15 
Unearned premiums on outstanding risks, $455,214.70; plus 

same on disallowed reinsurance, $342.97, .... 455,557 67 

Dividends due stockholders, 918 40 

Borrowed money, 100,000 00 



All liabilities, except capital and surplus, . . . $587,470 22 
Surplus to policy holders, .... $623,946 74 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 223,946 74 

Total liabilities, . . . $1,211,416 96 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

,173,210 00 $954,675 36 
. 76,221,619 00 965,238 22 



$182,394,829 00 $1,919,913 5$ 
. 78,601,418 00 889,439 02 



$103,793,411 00 $1,030,474 56 
. 13,113,282 00 136,340 88 



Net amount in force, $90,680,129 00 $894,133 68 



firemen's INSURANCE CO. 



201 



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 (16 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



110,926,401 00 

. 5,356,453 00 

352,648 00 

. 3,637,534 00 

64,000 00 

38,300 00 



United States bonds, 

Virginia State bonds, .... 

Baltimore city bonds, .... 

National Mechanics 1 Bank stock, 

Farmers' & Merchants' National Bank stock, 

Maryland National Bank stock, 

National Marine Bank stock, . 

Second National Bank stock, . 

Citizens' National Bank stock, . 

United R'ys and Electric Co. stock, 

Union Terminal R'y Co. stock, 



Book Value. 

$124,120 00 

17,195 85 

609,740 33 

12,659 71 

11,934 00 

1,991 65 
15,732 
29,277 
21,519 

9,315 
14,600 



90 
00 
63 
25 
00 



Market Value. 

$124,120 00 

21,750 

612,680 

25,920 

14,000 

1,900 
15,200 00 
30,000 00 
30,000 00 

5,400 00 
11,680 00 



00 
00 
00 
00 
00 



$868,086 32 $892,650 00 



"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J." 

NEWARK, N. J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 

Paid-up Capital, $1,000,000. 

DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary. 

Income. 

Net fire premiums, $811,453 00 

Interest on mortgage loans, $69,027.61; stocks and bonds, 

$63,410.36, 132,437 97 

Rents, 10,698 25 

From all other sources, 6 00 

Total income $954,595 22 

Ledger assets, Dec. 31, 1902, less commissions due, . . 2,566,526 18 

Total, ' $3,521,121 40 

Disbursements. 

Net amount paid for fire losses, $327,653 50 

Interest and dividends to stockholders, 100,000 00 

Commissions or brokerage, 196,060 47 

Salaries, fees, etc., of officers and employees, . . . . 36,339 72 

Repairs and expenses on real estate, 1,636 79 

Real estate taxes, $9,651.17; other taxes and fees, $21,867. 14, 31,518 31 

Loss on sale or maturity of ledger assets, .... 1,844 42 

All other disbursements, 44,988 15 

Total disbursements, $740,041 36 

Balance, $2,781,080 04 



202 



firemen's INSURANCE CO. 



Ledger Assets. 

Real estate, $122,133.50; mortgages,* $1,434,715.51, 

Stocks and bonds (schedule A), 

Cash in banks and office, ...... 

Agents 1 balances, 

Total ledger assets, 



$1,556,849 01 

1,111,800 00 

24,181 45 

88,249 58 

$2,781,080 04 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $20,653. 13 ; stocks and bonds, $8,687.50, 
Rents due on company's property, ..... 
Market value of stocks and bonds over book value, 
Due for reinsurance on losses paid, 

Gross assets, 



29,340 63 

81 66 

447,475 00 

762 33 

$3,258,739 66 



Liabilities. 

Unpaid losses, including $5,965.34 resisted, $61,789.68 ; less 

reinsurance, $1,760.01, 

Unearned premiums on outstanding risks, .... 

Unpaid scrip, 

Interest due or accrued, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $2,527,098 18 

Paid-up capital, 

Surplus over capital and general liabilities, .... 

Total liabilities, 



),029 67 

669,230 59 

1,887 00 

494 22 

$731,641 48 

1,000,000 00 
1,527,098 18 

£3,258,739 66 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$129,603,033 00 $1,195,562 89 
. 77,610,680 00 996,437 09 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$207,213,713 00 $2,191,999 98 
. 64,606,416 00 840,569 06 



$142,607,297 00 $1,351,430 92 
. 7,433,897 00 69,593 40 



$135,173,400 00 $1,281,837 52 



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, .... 



$11,155,273 00 
5,301,481 00 
332,500 00 
2,270,500 00 
850,000 00 
100,000 00 
234,700 00 



* Value of land, $1,261,700; buildings, $2,068,150; insurance thereon, $1,900,125. 



FIREMEN S MUTUAL INSURANCE CO. 



203 



Schedule A. 

Stocks and Bo?ids owned by the Company. 



Morris & Essex R.R. bonds, 

North Hudson Co. R'y Co. bonds, . 

Newark Gas Co. bonds, .... 

Lehigh Valley Terminal R'y bonds, 

Newark Passenger R'y Co. bonds, . 

Atlantic City, N. J., water bonds, 

Passaic Water Co. bonds, .... 

Consolidated Traction Co. bonds, 

Consumers' Heat, Light & Power Co. bonds, 

Central R.R. of New Jersey bonds, 

United Electric Co. (N. J.) bonds, . 

Newark Consolidated Gas Co. bonds, 

N. Y., L. Erie & West R.R. Dock & Imp. b'ds 

Trenton Passenger R'y Co. bonds, 

Hudson Co. Gas Co. bonds, 

Trenton Gas & Electric Co. bonds, 

N. J. & N. Y. R.R. bonds, 

American Dock & Improvement Co. bonds, 

N. Y., Susquehanna & Western R.R. Co. bonds 

United N. J. R.R. & Canal Co. stock, 

Delaware, Lack. & Western R.R. stock, 

Morris & Essex R.R. stock, 

Newark Consolidated Gas Co. stock, 

National Newark Banking Co. stock, 

National State Bank stock, 

Essex County National Bank stock, 

Manufacturers' National Bank stock, 

Consolidated Rosendale Cement Co. stock, 

Merchants' National Bank stock, 

N. Y. & N. J. Telephone stock, 

Rapid Transit R'y Co. stock, . 

Western Adjustment & Inspection Co. stock, 

Consolidated Traction Co. stock, 



Book Value. 

$50,000 00 
45,000 00 
50,000 00 
50,000 00 
20,000 00 
22,000 00 
20,000 00 

100,000 00 
10,000 00 
25,000 00 
80,000 00 

100,000 00 
20,000 00 
30,000 00 
40,000 00 
10,000 00 
20,000 00 
10,000 00 
20,000 00 
15,000 00 
60,000 00 
70,000 00 
40,000 00 
40,000 00 
32,500 00 
20,000 00 
10,000 00 
4,000 00 
8,000 00 
35,000 00 
15,000 00 
300 00 
40,000 00 



Market Value. 

$65,000 00 
50,550 00 
67,500 00 
56,500 00 
22,400 00 
24,200 00 
21,200 00 

106,000 00 
10,000 00 
32,250 00 
50,800 00 

105,500 00 
22,800 00 
37,500 00 
41,600 00 
10,500 
21,600 
11,050 
22,200 
39,750 00 

156,000 00 

126,700 00 
28,400 00 

140,000 00 
65,000 00 
70,000 00 
17,500 00 
800 00 
22,000 00 
51,800 00 
36,000 00 
375 00 
25,800 00 



00 
00 
00 
00 



.,111,800 00 $1,559,275 00 



"FIREMEN'S MUTUAL INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated May, 1854. Commenced business September, 1854. J 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 



Income. 

Net premiums, $825,995 69 

Interest on stocks and bonds, $38,798 . 26 ; all other, $5,080 . 40, 43,878 66 

Profit on sale or maturity of ledger assets, .... 9 00 

Total income, $869,883 35 

Ledger assets, Dec. 31, 1902, 894,419 29 

Total, §1,764,302 64 



204 



FIREMEN S MUTUAL INSURANCE CO. 



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, ...... 

1903 premiums received in 1902, 

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 bonds, 18,168.67 ; other assets, $1,804.26, 
Market yalue of stocks and bonds over book value, 



$39,862 33 

687,780 50 

13,084 20 

850 00 

15,313 14 

7,121 48 

13,180 80 

1,354 46 

1,208 04 

$779,754 95 

§984,547 69 



$784,994 68 

186,918 43 

12,634 58 

§984,547 69 



Gross assets, 



9,972 93 
195,856 32 

$1,190,376 94 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes due and accrued, .... 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, . 



Risks and Premiums. 



Amount. 

Risks outstanding Dec. 31, 1902, $90,902,378 00 
Risks written during 1903, . 105,516,998 00 



Cash Prem's. 

£724,927 39 
860,296 60 



Total, .... $196,419,376 00 $1,585,223 99 
Risks expired and terminated, . 96,449,588 00 770,230 19 



$5,550 99 

407,496 90 

12,041 91 

$425,089 80 
765,287 14 

$1,190,376 94 



Conting't Prem's. 

$3,624,636 95 
4,301,483 00 

$7,926,119 95 
3,851,150 95 



In force at end of year, 



.$99,969,788 00 
Miscellaneous. 



114,993 80 $4,074,969 00 



Losses incurred during the year, $43,595 00 

Profits or surplus returned during 1903, 93.45 per cent. 

Schedule A. 

Slocks mid Bo?ids owned by the Company. 

Book Value. Market Value. 

United States bonds $120,000 00 $138,800 00 

Rhode Island State bonds 100,000 00 104,000 00 



FRANKLIN FIRE INSURANCE CO. 



205 



Columbus Street R'y Co. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Northern Pacific-Great Northern R'y bonds, . 
Cleveland Electric R.R. Co. bonds, . 
100 shares Hereford R'y Co., .... 
100 " Detroit, Hillsd'le & So. West. R.R., 
200 " Pitts., Bessemer & Lake Erie R.R., 
200 " Cleveland & Pittsburg R'y Co., . 
210 " West End St. R'y Co., . ' . 
200 " Rensselaer & Saratoga R.R., 
1,020 " Pennsylvania R.R., 
200 " Morris & Essex R.R., . 
300 " Rome,Watert'n&Ogdensb'gR.R., 
230 " Chicago & Northwestern R.R., . 
100 " Old Colony R.R., .... 
200 " N. Y., Lackawanna & West. R.R., 

400 " Illinois Central R.R 

100 " Pitts., Ft. Wayne & Chicago R.R., 

530 " N. Y. Central & Hud. River R.R , 

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

100 " Manhattan R'y Co., 

252 " Providence Gas Co., . 

100 " The Gold & Stock Telegraph Co., 

130 " Upper Coos R.R. Co., . 

600 " Merchants' National Bank, . 

260 " First National Bank, 

280 " American National Bank, 

200 " National Bank of Commerce, 

100 " Old National Bank, 

100 " Blackstone Canal National Bank, 



Book Value. 

$20,000 00 
4,000 00 
55,000 (0 
10,000 00 
10,000 00 
10,000 00 
7,412 50 
10,000 00 
10,500 00 
20,000 00 
51,000 00 
10,000 00 
30,000 00 
23,000 00 
10,000 00 
20,000 00 
41,280 00 
10,000 00 
53,000 00 
18,614 68 
13,087 50 
12,600 00 
10,000 00 
13,000 00 
30,000 00 
26,000 00 
14,000 00 
10,000 00 
10,000 00 
2,500 00 



Market Value. 

$21,000 00 
3,760 00 
51,700 00 
10,200 00 
10,000 00 
10,200 00 
6,800 00 
19,200 00 
18,690 00 
41,000 00 
60,690 00 
18,400 00 
39,600 00 
38,985 00 
20,000 00 
26,600 00 
52,400 00 
18,100 00 
63,070 00 
19,600 00 
14,400 00 
24,696 00 
11,000 00 
19,240 00 
46,200 00 
33,020 00 
15,400 00 
11,000 00 
10,000 00 
3,100 00 



$784,994 68 $980,851 00 



"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 22, 1S29. Commenced business June 22, 1829.] 

Paid-up Capital, $400,000. 

JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary. 

Income. 

Net fire premiums, $725,996 53 

Deposit premiums on perpetual risks, 5,483 69 

Interest on mortgage loans, $5,881 . 10 ; collaterals, $2,652.36 ; 

stocks and bonds, $107,837.35; all other, $1,257.98, . . 117,628 79 

Rents, 6,133 64 

From all other sources, 1,339 00 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



$856,581 65 
2,998,243 49 



Total, $3,854,825 14 

Disbursements. 



Net amount. paid for fire losses, 
Deposit premiums returned, 
Interest and dividends to stockholders, 
Commissions or brokerage, 



$350,555 00 

38,189 85 

80,000 00 

176,992 91 



200 



FRANKLIN FIRE INSURANCE CO. 



Salaries, fees, etc., of officers and employees, .... $35,685 50 

Rents 2,150 00 

Repairs and expenses on real estate, 3,073 67 

Real estate taxes, $3,287.28 ; other taxes and fees, $21,649.75, 24,937 03 

Loss on sale or maturity of ledger assets, .... 7,459 53 

All other disbursements, 80,553 95 



Total disbursements, . 



$799,597 44 



Balance, $3,055,227 70 

Ledger Assets. 



Real estate, $214,418.26; mortgages,* $90,898, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 

Non-Ledger Assets. 

Interest accrued on mortgages, . 

Market value of real estate over book value, . 

Market value of stocks and bonds over book value, 



Gross assets, 



$305,316 26 
30,000 00 

2,546,877 81 
79,430 87 
93,602 76 

$3,055,227 70 



1,363 47 
19,781 74 
35,367 19 

$3,111,740 10 



Liabilities. 



Unpaid losses, including $1,946 resisted, $67,524.53 ; less re- 
insurance, $2,050.95, 65,473 58 

Unearned premiums on outstanding risks, .... 651,52048 

Reclaimable on perpetual fire policies, 949,660 46 



All liabilities, except capital and surplus, . . . $1,666,654 52 
Surplus to policy holders, .... $1,445,085 58 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 1,045,085 58 



Total liabilities, . 



13,111,740 10 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$103,931,300 00 $1,177,807 95 
. 69,971,592 00 911,270 03 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$173,902,892 00 $2,089,077 98 
. 63,112,457 00 804,549 63 



$110,790,435 00 $1,284,528 35 
. 5,139,177 00 59,564 96 



$105,651,258 00 $1,224,963 39 



Perpetual risks in force (not included above), $48,576,513 00 $1,034,173 68 



* Value of property, $243,150; insurance thereon, $119,325. 



FRANKLIN FIRE INSURANCE CO. 



207 



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, . 



$34,914,788 00 
18,455,826 00 
354,068 00 
6,074,000 00 
80,000 00 
20,000 00 



Schedule A. 
Securities held as Collateral. 



600 sh 
400 
300 
200 
100 
100 
100 
100 
100 
20 



ares Philadelphia Electric Co., 

" Electric Co. of America, 

" Philadelphia Co., . 

" American R'ys Co., . 

" U. S. Steel Corporation, . 

" N. Y., Ont. & Western R.R. Co., 

" Chicago Terminal Co., . 

" Chicago Great Western R.R. Co., 

" Reading Co. Trust certs , 

" Union Pacific R.R., . 



Schedule B. 



00 
00 
00 
00 
00 
00 



Market Value. 

$3,600 00^| 

3,200 00 
12,300 00 

8,800 00 

1,200 

2,200 
800 

1,500 

2,300 

1,760 



Loaned Thereon. 



} $30,000 00 



$37,660 00 $30,000 00 



Stocks and Bonds owned by the Company. 



35 shares Girard National Bank, . 

50 " First National Bank, 
100 " South wark National Bank, 

25 " Penn. Co. for Ins. on Lives, etc., 
300 " Philadelphia Traction Co., 
Shamokin, Sunbury & Lewisburg R.R. bonds 
Huntingdon & Broad Top R.R. bonds, 
Lehigh Valley R.R. bonds, . , 
Penn & N. Y. Canal & R.R. bonds, . 
Philadelphia & Erie R.R. bonds, 
Phila., Wilmington & Baltimore R.R. bonds, 
Belvidere Delaware R.R. bonds, 
Penn. R.R. Collateral Trust Loan bonds, . 
Easton & Amboy R.R. bonds, . 
Elmira & Williamsport R R. Co. bonds, . 
Phila., Wilm. & Bait. R.R. Trust certificates, 
West Jersey R.R. bonds, .... 
N. Y. Central R.R. bonds, 
Harrisb., Ports., Mt. Joy & Lane. R.R. bonds, 
Northern Central R.R. bonds, . 
Steubenville & Indiana R R. Co. bonds, . 
Camden & Atlantic R.R. bonds, 
Northern Central R.R. bonds, . 
River Front R.R. bonds, .... 
Northern Central R'y bonds, . 
Lehigh Valley R.R. Co. bonds, 
Philadelphia & Bait. Central R.R. bonds, 
Penn & N. Y. Canal & R.R. Co. bonds, . 
Wilmington & Weldon R.R. bonds, . 



Book Value. 

$7,234 00 
11,750 00 
12,277 25 
11,830 00 
29,437 50 
10,594 45 
21,025 00 
34,172 50 
11,550 00 
34,973 33 
25,005 00 
21,000 CO 
31,200 00 
25,916 67 
9,950 00 
24,629 17 
28,654 67 
25,000 00 

23.500 00 
14,550 00 
62,658 75 
28,172 50 
11,375 00 
16,780 00 
14,000 00 

91.501 25 
1,077 78 
2,857 50 

50,000 00 



Market Value. 

$8,225 00 
8,750 00 
7,000 00 

15,500 00 

29,400 00 

10,300 00 

20,400 00 

30,000 

11,100 

36,750 

26,150 

21,840 

32,100 

28,000 

10,800 

26,000 

28,000 

25,250 

25,750 

17,550 

64,800 00 

28,350 00 

12,040 00 

16,800 00 

14,560 00 

94,400 00 
1,050 00 
3,000 00 

52,500 00 



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



208 



FRANKLIN FIRE INSURANCE CO. 



West Jersey & Seashore R.R. bonds, 

Pitts., Chartiers & Yough. R.R. bonds, . 

Chicago, Rock Island & Pacific R.R. Co. bonds 

Lehigh & Hudson River R'y Co. bonds, . 

Erie & Pitts. R.R. Co bonds, . 

N. Y., Phila. & Norfolk R.R. bonds, 

Pitts., Cincin., Chic. & St. Louis R.R. bonds, 

Erie R.R. Equip. Trust bonds, . 

Lehigh Valley R.R. bonds, 

Rio Grande Western R.R. bonds, 

Southern R'y Co. Car Trust bonds, . 

Wilm. & North. R R. Stock Tr. certs., . 

Reading Co. R.R. & Mar. Equip. Trust bonds 

Baltimore & Ohio R.R. bonds, . 

Pennsylvania Co. bonds, .... 

Erie R.R. Car Trust bonds, 

Reading R.R. Equip. Trust bonds, . 

Norfolk & Western R.R. bonds, 

Chicago, Rock Island & Pacific R'y bonds, 

Erie R.R. Car Trust bonds, 

N. Y., Phil. & Norfolk R R. bonds, . 

Iron Mountain R'y Car Trust bonds, 

St. Louis & San Francisco R.R. bonds, 

United R'ys Co. of St. Louis, Mo., bonds, 

Lehigh Coal and Navigation Co. bonds, . 

Lehigh Valley Coal Co. (Snow Shoe) bonds, 

Susquehanna Coal Co. bonds, . 

Phila. & Read. Coal & Iron Co. bonds, 

Delaware River Ferry Co. bonds, 

Girard Point Storage Co. bonds, 

Philadelphia Traction Co. bonds, 

Newport & Cincinnati Bridge Co. bonds,. 

Edison Electric Light Co. bonds, 

Inf. Bat., State Fencibles, N. G., Pa., bonds, 

United Traction Co. of Pitts., Pa , bonds, . 

Federal St. & Pleasant Val. Pass. R'y Co. b'ds 

Electric & People's Traction Co. bonds, . 

Philadelphia Electric bonds, 

Philadelphia Co., Pittsburgh, Pa., bonds, 

Pennsylvania Steel Co. bonds, . 

City of Springfield, 111., bonds, 

City of Sandusky, Ohio, bonds, 

City of Camden, N. J., bonds, . 

Borough of Sewickly, Pa., school bonds, . 

City of Dayton, Ohio, bonds, . 

Borough of Downingtown, Pa., bonds, 

City of Camden, N. J., bonds, . 

City of Lancaster, Pa., school bonds, 

County of Gloucester, N. J., bonds, . 

County of Cameron, Pa., bonds, 

Monongahela City, Pa., bonds, . 



Book Value. 

$125,000 00 
50,000 00 
70,000 00 
25,000 00 
49,640 97 
50,000 00 
50,000 00 
50,000 00 
90,000 00 
22,894 45 
20,000 00 
59,986 66 
50,000 00 
43,937 50 
97,958 51 
25,000 00 
25,000 00 
93,801 66 
49,313 88 

100,000 00 

23,027 77 

25,000 00 

47,376 38 

41,372 21 

60,000 00 

20,630 56 

16,825 00 

25,000 00 

6,000 00 

16,329 83 

33,883 82 

25,000 00 

29,775 00 

2,000 00 

29,625 00 

10,000 00 

22,250 00 

24,895 00 

5,000 00 

24,721 87 

2,092 78 

39,248 75 

5,050 00 

17,678 72 

29,137 50 

9,405 00 

5,216 67 

4,130 00 

27,000 00 

20,000 00 

59,000 00 



Market Value. 

$121,500 00 
50,000 00 
72,100 00 
26,250 00 
50,000 00 
51,000 00 
47,500 00 
51,000 00 
93,600 00 
22,000 00 
19,600 00 
58,800 00 
50,000 00 
42,750 00 
96,000 00 
25,500 00 
25,500 00 
93,100 00 
50,000 00 

100,000 00 

25,500 00 

25,500 00 

48,000 00 

36,000 00 

61,900 00 

22,000 00 

16,950 00 

25,750 00 

6,300 00 

19,000 00 

35,310 00 

26,250 00 

33,000 00 

2,000 00 

34,800 00 

11,500 00 

25,000 00 

25,000 00 

5,500 00 

25,000 00 

2,100 00 

38,500 00 

5,150 00 

18,020 00 

29,200 00 

9,630 00 

5,200 00 

4,080 00 

27,540 00 

21,000 00 

59,000 00 



1,546,877 81 $2,582,245 00 



GERMAN INSURANCE CO. 209 



-GERMAN INSURANCE COMPANY OF FREEPORT,'' 
FREEPORT, ILL. 

[Incorporated February, 1865. Commenced business October, 1S66.] 

Paid-up Capital, $200,000. 

C. O. COLLMANX, President. WM. TREMBOR, Secretary. 

Income. 

Net fire premiums, $2,955,505 67 

Interest on mortgage loans, $103,320.25; collaterals, f 425 ; 

stocks and bonds, $52,540.88; all other, $5,021.19, . . 161,307 32 

Rents, 3,161 68 

From all other sources, 782 46 



Total income, $3,120,757 13 

Ledger assets, Dec. 31, 1902, less commissions due, . . 4,191,667 50 

Total, $7,312,424 63 

Disbursements. 

Net amount paid for fire losses, $1,286,019 74 

Interest and dividends to stockholders, 40,000 00 

Commissions or brokerage, 754,828 59 

Salaries, fees, etc., of officers and employees, .... 168,467 58 

Repairs and expenses on real estate, 5,612 78 

Real estate taxes, $325.11 ; other taxes and fees, $70,716.74, . 71,041 85 

Loss on sale or maturity of ledger assets, .... 4,341 02 

Premiums paid on stocks and bonds, 15,312 50 

Munich Reinsurance Co., 21,734 80 

Uncollected premiums charged off, 12,934 72 

All other disbursements, 135,303 31 



Total disbursements, $2,515,596 89 

Balance, $4,796,827 74 

Ledger Assets. 



Real estate, $88,700; mortgages,* $2,499,258.48, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 balances, 

Bills receivable, 



12,587,958 48 

7,700 00 

1,478,337 91 

310,075 69 

357,666 96 

55,088 70 



Total ledger assets $4,796,827 74 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $67,031.97; stocks and bonds, $13,726.47; 

collateral loans, $232.68 80,991 12 

Market value of stocks and bonds over book value, . . . 46,101 25 



Gross assets, $4,923,920 11 

* Value of laud, $5,271,500; buildings, $2,175,050; insurance thereon, $877,865. 



210 



GERMAN INSURANCE CO. 



Assets not admitted. 



Agents" balances over three months due, 
Bills receivable, past due, 

Total unadmitted assets, . 



$12,782 79 
530 50 



Total admitted assets, 



$13,313 29 
. $4,910,606 82 



Liabilities. 



Unpaid losses, including $ 12,497 . 92 resisted, $182,347 . 30 ; less 
reinsurance, $5,583.77, $176,763 53 

Unearned premiums on outstanding risks, $2,987,135 . 90 ; plus 

same on disallowed reinsurance, $320.25, .... 2,987,456 15 

Reserve retained for Munich Reinsurance Co., . . . 43,111 78 



All liabilities, except capital and surplus, . . . $3,207,331 46 
Surplus to policy holders, .... $1,703,275 36 

Paid-up capital, « . 200,000 00 

Surplus over capital and general liabilities, .... 1,503,275 36 

Total liabilities, $4,910,606 82 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$399,027,997 00 $5,161,770 58 
261,380,161 00 3,628,479 86 



$660,408,158 00 $8,790,250 44 
215,559,037 00 3,058,571 01 



$444,849,121 00 $5,731,679 43 
4,686,990 00 61,906 36 



Net amount in force, . 



$440,162,131 00 $5,669,773 07 



Miscellaneous. 



Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, . 

Schedule A. 
Securities held as Collateral. 



$36,948,729 00 

17,759,917 00 

1,311,115 00 

1,139,665 00 

40,000 00 

85,900 00 



German Bank stock, Freeport, 111., . 
First Nat 1 ! Bank stock, Blue Hill, Neb., . 



Schedule B. 



Market Value. Loaned Thereon. 

$12,000 00 $5,700 00 



3,000 00 



2,000 00 



$15,000 00 $7,700 00 



Slocks and Bonds owned by the Company. 

Book Value. Market Value. 

Illinois Central R.R. stock, .... $20,000 00 $26,250 00 

N. Y. Central R.R. stock, 10,000 00 12,100 00 

Pennsylvania R.R. stock 20,000 00 23,800 00 

Minnehaha Nat 1 ! B'k stock, Sioux Falls, S. D., . 4,366 66 4,366 66 



GERMAN INSURANCE CO. 



211 



Western Underwriters' Asso., Incor., Chic., 

Freeport, 111., school bonds, 

Urbana, 111., city hall bonds, 

Elgin, 111., school bonds, . 

Macon Co., 111., court house bonds, 

Lake and Hyde Park, Cook Co., school bonds, 

Mt. Vernon, 111., school bonds, . 

Monroe Co., 111., funding bonds, 

East St. Louis, 111., school bonds, 

Danville, 111 , city sewer bonds, 

Wheaton, 111., city bonds, . 

Gilman, 111., school bonds, 

Danville Junction, 111., school bonds, 

Mt. Morris, 111., school bonds, . 

Mattoon, 111., township refunding bonds, 

Eldorado, 111., school bonds, 

Pecatonica, 111., school bonds, . 

Monmouth, 111., water bonds, . 

Marshall Co., 111., school bonds, 

Woodhull, 111 , school bonds, . 

Blue Island, 111., village bonds, 

Warren, 111., water bonds, 

Carmi, 111., school bonds, . 

Omaha, 111., school bonds, 

Greenville, 111., school bonds, . 

Watseka, 111., school bonds, 

Amboy, 111., school bonds, 

Ogden, Champaign Co., 111., school bonds 

Kankakee, 111., improvement bonds, 

Rockvale, 111., school bonds, 

Grossdale, 111., bridge bonds, . 

Orangeville, 111., village bonds, 

Quincy, 111., funding bonds, 

Anna, 111., school bonds, . 

Paxton, 111., school bonds, 

Monroe, Wis., water bonds, 

Evansville, Ind., school bonds, 

Drummer Twp., Ford Co., 111., funding bonds 

Gilford, 111., school bonds, 

Rock Island, 111., funding bonds, 

Charleston, 111., funding bonds, 

Muscatine, Iowa, school bonds, 

Bloomington, 111., school bonds, 

Meredosia, 111., drainage bonds, 

Maywood, 111., bonds, 

Pekin, 111., refunding bonds, 

Normal, 111., water bonds, 

St. Charles, 111., school bonds, 

Morris, 111., school bonds, 

Oregon, 111., town refunding bonds, 

Momence, 111 , town funding bonds, 

East Lincoln, 111., town funding bonds, 

White Co., 111., funding bonds, 

East St. Louis, 111., school bonds, 

Muscatine, Iowa, refunding bonds, 

Lawrenceville, 111., city bonds, 

Cornell, 111., village bonds, 

Chicago Heights, 111., water bonds, 

Pana, 111., Twp. funding bonds, 

Monmouth, 111., refunding bonds, 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



Book Value. 

$198,000 00 
30,500 00 

12,000 00 

6,000 00 
25,000 00 

1,000 00 

9,000 
10,000 
10,000 

7,000 
10,000 00 

5,500 00 

11,000 00 

400 00 

6,000 00 

4,000 00 

6,000 00 

5,000 

4,000 

2,300 

8,000 

6,000 

3,000 

2,200 
10,000 

3,000 

6,500 00 

1,000 00 

10,000 00 

100 00 

4,000 00 

600 00 

26,000 00 

4,500 00 

7,000 00 
75,000 00 
15,000 00 

5,000 
500 
15,000 
18,000 
10,000 00 
10,000 00 
100 00 

4,000 00 
17,000 00 
20,000 00 

9,900 00 

1,500 00 
30,000 00 
15,000 00 
15,000 00 
10,000 00 
17,000 00 
25,000 00 

4,350 00 
400 00 

3,000 00 
29,000 00 

3,000 00 



00 
00 
00 
00 



Market Value. 

,000 00 
30,885 00 
12,720 00 

6,300 00 
26,750 00 

1,050 00 

9,360 00 
10,000 00 
10,900 00 

7,210 00 
10,600 00 

5,775 00 

11,990 00 

416 00 

6,480 00 

4,040 00 

6,300 

5,400 

4,360 

2,300 

8,720 

6,240 

3,090 

2,420 
10,000 

3,030 

6,825 

1,010 

10,400 

100 

4,200 

606 

27,050 

4,500 

7,140 
78,750 00 
15,390 00 

5,400 00 
500 00 
15,900 00 
19,260 00 
10,000 00 
10,100 00 
103 00 

4,120 00 
17,340 00 
21,800 00 
10,395 

1,500 
30,900 
15,600 
15,150 
10,600 
17,680 
26,750 

5,176 
404 

3,360 
29,580 

3,300 



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



00 
00 
00 
00 
00 
00 
00 
00 
50 
00 
00 
00 
00 



212 



GERMAN ALLIANCE INSURANCE CO. 



Du Quoin, 111 , refunding bonds, 

Bloom, Cook Co., 111., town bonds, . 

Council Bluffs, Iowa, refunding bonds, 

Elm wood, 111., refunding bonds, 

Piper City, 111,, school bonds, 

Georgia State bonds, 

Colchester, 111., school bonds, 

Nunda, 111, water bonds, . 

Marshall, 111., water bonds, 

Carrollton, 111., water bonds, 

Viola, 111., village bonds, . 

Carmi, 111., water bonds, . 

Taylorville, 111., bonds, 

Hawthorne, 111. (Cook Co.), school bonds 

Jerseyville, 111., refunding bonds, 

Windsor, 111., town funding bonds, 

Freeport, 111., water bonds, 

Freeport Light & Fuel Co. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chic, Burlington & Quincy Joint bonds, 

Chic, Rhode Island & Pacific bonds, 

I. C. R.R. bonds, .... 

Elgin, Joliet & Eastern R'y bonds, . 

Chic, Mil. & St. Paul R'y bonds, 

Chicago & Eastern Illinois R'y bonds, 

Chicago & Alton R'y bonds, 

Baltimore & Ohio R'y bonds, . 

Baltimore & Ohio bonds, . 

Atch., Topeka & Santa Fe adjustment bonds, 

Union Pacific R.R. bonds, . 

Pennsylvania R.R. bonds, . 

Reading Co. bonds, . 

Northern Pacific R.R. bonds, . 

Norfolk & Western R.R. bonds, 

Erie R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

Pere Marquette, Detroit River Division, bonds 

C. R. I. & P. R. R bonds, . 

Southern Pacific R.R. bonds, 

Bellingham Bay & B. C. bonds, 

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



00 
00 
00 
00 
00 



Book Value. 

$3,000 00 
10,000 00 
13,000 00 

8,500 00 

8,000 
10,000 

3,900 

5,000 

9,000 

6,000 00 

1,200 00 

9,000 00 
20,000 00 

2,000 00 
11,000 00 

9,500 00 

2,000 00 

9,000 00 
40,000 00 
23,968 75 
35,000 00 
50,000 00 
10,000 00 
10,000 00 
35,000 00 
17,050 00 
22,687 
25,000 

9,487 
24,150 
24,362 50 

9,700 00 

7,250 
25,000 

9,737 
24,277 
24,750 

7,562 

8,600 00 

9,000 00 
23,937 50 



50 
00 
50 
00 



00 
00 
50 
50 
00 
50 



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



Market Value. 

$3,360 00 

9,900 
13,910 

8,500 

8,960 
10,200 

4,017 

5,000 

9,900 

7,140 

1,200 

9,180 
21,000 

2,200 
11,220 00 
10,070 00 

2,180 00 

9,000 00 
39,600 00 
22,500 00 
35,700 00 
50,610 00 
11,400 00 
11,400 00 
39,900 00 
14,600 00 
22,000 00 
25,000 00 

8,700 00 
23,750 00 
23,500 00 

9,500 00 

7,000 
23,750 

9,600 
23,250 
25,000 

6,800 

8,700 

9,000 
24,500 



00 
00 
00 
00 
00 
00 
00 
00 
00 



$1,478,337 91 $1,524,439 16 



"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. 

Income. 

Net fire premiums, $429,438 95 

Interest on stocks and bonds, $53,448.42; all other, $770.14, 54,218 56 

Profit on sale or maturity of ledger assets, . . . 1,281 45, 

Total income, $484,938 96 

Ledger assets, Dec. 31, 1902, less commissions due, . . 1,132,025 28 

Total $1,616,964 24 



GERMAN ALLIANCE INSURANCE CO. 213 



Disbursements. 

Net amount paid for fire losses, $205,141 20 

Interest and dividends to stockholders, . . . . 40,000 00 

Commissions or brokerage, 96,349 16 

Salaries, fees, etc., of officers and employees, .... 4,468 80 

Taxes and fees, 30,495 08 



Total disbursements, $376,454 24 



Balance, $1,240,510 00 

Ledger Assets. 

Stocks and bonds (schedule A), $1,137,684 11 

Cash in banks and office, 28,432 28 

Agents' balances, 74,393 61 



Total ledger assets, $1,240,510 00 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 3,697 00 

Market value of stocks and bonds over book value, . . 28,799 89 



Gross assets, $1,273,006 89 

Assets not admitted. 
Special deposits less $22,003.25 liability thereon, . . . 68,170 75 



Total admitted assets, * . . $1,204,836 14 

Liabilities. 

Unpaid losses, $71,213 70 

Unearned premiums on outstanding risks, .... 300,386 73 



All liabilities, except capital and surplus, . . . $371,600 43 
Surplus to policy holders, .... $833,235 71 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 433,235 71 

Total liabilities, $1,204,836 14 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1902, . .$57,840,325 00 $555,426 29 

Fire risks written during 1903, . . . 50,621,325 00 541,357 66 



Total $108,461,650 00 $1,096,783 95 

Risks expired and terminated, .... 49,313,049 00 502,635 01 



In force at end of year, $59,148,60100 $594,148 94 

Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



12,118,248 00 

1,110,075 00 

213,131 00 

88,000 00 

40,000 00 

69,700 00 



214 



GERMAN-AMERICAN. INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company . 



200 shares Chic. & Northwestern R.R., . 

500 " Chic., Mil & St. Paul R.R., . 

500 " Hocking Valley R R., . 

496 " Illinois Central R.R., . 
2,937 " Pennsylvania R.R., 

100 " Rensselaer & Saratoga R.R., 

700 " Southern Railway, 

500 " Union Pacific R.R., 

203 " Central National Bank, 

125 " National Bank of Commerce, 
55 " Consolidated Gas Co., . 
10 " Underwriters' Sal. Co. of N. Y., 

United States bonds, 

Massachusetts State bonds, 

New York City bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Central R.R. of New Jersey bonds, . 

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

Chicago & Eastern Illinois R.R. bonds, . 

Missouri, Kas. & Texas R'y bonds, . 

Northern Pac -Gt. Northern R.R. joint bonds, 

Oregon Short Line R R bonds, 

Second Avenue R.R bonds, 

Southern R.R. Co. bonds, .... 

Utah & Northern R.R. bonds, . 

Edison Electric Illuminating Co. bonds, . 

Kanawha & Hocking Coal & Coke Co. bonds, 

Western Union Telegraph Co. bonds, 



00 
25 
50 
00 
00 
00 
00 
25 



Book Value. 

$32,837 50 

74,361 94 

41,100 

64,576 
173,557 

18,250 

64,150 

41,650 

34,295 

24,056 

11,393 75 

1,000 00 

170,387 01 

20,518 68 
105,088 07 

33,542 23 

22,368 50 
1,500 00 

32,125 00 

21,766 

27,992 

23,592 

27,531 

11,723 

24,000 

11,695 

20,500 00 
2,124 46 



25 

50 
50 
25 
64 
00 
83 



Market Value. 

$42,000 00 

88,625 00 

42,000 00 

65,348 00 
174,751 00 

20,000 00 

56,000 00 

44,500 

31,465 

26,000 

10,670 

1,000 

183,012 

20,518 
101,407 

33,055 

25,775 
1,880 

31,843 

24,125 

25,620 

22,500 

27,750 

11,175 

22,050 

11,350 

20,000 00 
2,065 00 



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



:,137,684 11 $1,166,484 00 



"GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK,N. Y. 

[Incorporated March, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,500,000. 

WM. N. KREMER, President. CHARLES G. SMITH, Secretary. 



Income. 

Net fire premiums, $4,932,477 47 

Intereston stocksand bonds, $384,785.68 ; all other, $16,541.19, 401,326 87 

Rents, 1,200 00 

Profit on sale or maturity of ledger assets, .... 45,150 75 

Additional subscriptions for increased stock, .... 913,680 00 

Profit and loss, 486 82 



Total income, 



1,294,321 91 



Ledger assets, Dec. 31, 1902, less commissions due and plus 

increase of capital, 10,152,934 04 



Total, 



$16,447,255 95 



GERMAN-AMERICAN INSURANCE CO. 215 



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, 

All other disbursements, 



$2,299,121 51 
500,000 00 
898,147 33 
224,623 07 
33,374 56 
164 11 
128,547 14 
399,760 99 



Total disbursements $4,483,738 71 



Balance, $11,963,517 24 

Ledger Assets. 

Real estate, $15,000; mortgages,* $13,000 $28,000 00 

Stocks and bonds (schedule A), 10,732,11135 

Cash in banks and office 430,620 77 

Agents 1 balances, 772,785 12 

Total ledger assets, $11,963,517 24 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $195; stocks and bonds, $50,504.75; other 

assets, $2,649.09, 53,348 84 

Market value of stocks and bonds over book value, . . 65,082 65 



Gross assets,f $12,081,948 73 

Assets not admitted. 

Agents' balances over three months due, . . $7,642 40 

Special deposits less $73,396 liability thereon, . 76,204 00 

Total unadmitted assets, .... 83,846 40 



Total admitted assets, $11,998,102 33 

Liabilities. 

Unpaid losses, including $49,047 resisted, $714,274; less re- 
insurance, $115,813.75 $598,460 25 

Unearned premiums on outstanding risks, $4,102,110.22 ; plus 

same on disallowed reinsurance, $6,717.02, . . . . 4,108,827 24 

Salaries and other miscellaneous expenses, due or accrued, . 17,833 07 

Commissions and other charges due agents and brokers, . 22,558 84 

Due for return premiums, $3,682 . 10 ; reinsurance, $196,412 . 26, 200,094 36 



All liabilities, except capital and surplus, . . . $4,947,773 76 
Surplus to policy holders, .... $7,050,328 57 

Paid-up capital, 1,500,000 00 

Surplus over capital and general liabilities, .... 5,550,328 57 

Total liabilities, $11,998,102 33 

* Value of land, S8,000; buildings, $14,000; insurance thereon, $13,000. 
t Including $750,000 special reserve held under New York laws. 



216 



GERMAN-AMERICAN INSURANCE CO. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$947,672,880 00 $8,734,682 82 
757,413,636 00 7,649,861 91 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



1,705,086,516 00 $16,384,544 73 
681,038,273 00 6,728,898 51 



$1,024,048,243 00 $9,655,646 22 
189,762,143 00 1,789,554 08 



$834,286,100 00 $7,866,092 14 



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 (33.34 per cent.), . 
Company's stock owned by directors, .... 



$70,118,889 00 

36,924,313 00 

2,384,339 00 

5,790,000 00 

500,000 00 

220,100 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, . 

Brooklyn city bonds, 
New York City bonds, 
New Mexico refunding bonds, . 
Atchison, Topeka & Santa Fe R'y bonds, 
Atlantic Coast Line R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Central R R. of New Jersey bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
Chicago & Alton R.R. bonds, . 
Chicago & Eastern Illinois R.R. bonds, 
Chicago & Northwestern R'y bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Cleve., Col., Cin. & Indianap. R'y Co. bonds, 
Cleve , Col., Cincin. & St. Louis R.R. bonds, 
Erie Railroad bonds, .... 

Erie R'y bonds, 

Hocking Valley Railway bonds, 

Little Miami R.R. bonds, .... 

Lo. & Nash. & Mob. & Mont. R.R. joint bonds 

Louisville & Nashville R.R. bonds, . 

Minneapolis & St. Louis R.R. bonds, 

Minn , St. Paul & Sault Ste Marie R'} T bonds, 

Mobile & Ohio R.R. Co., Montgomery, bonds, 

Montana Central R.R. bonds, . 

Missouri Pacific Railway bonds, 

Nashville, Chat. & St. Louis R'y bonds, . 

N. Y., Chic. & St. Louis R.R. bonds, 

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

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



00 
08 
00 



Book Valne. 

$135,591 20 

174,500 

1,235,111 

11,700 

164,785 83 

200,000 00 

100,000 00 
75,184 25 
50,250 00 
43,370 09 
31,446 00 

206,891 31 
51,500 00 

110,812 50 
64,000 00 
61,687 50 
46,000 00 

280,899 25 
84,075 42 
83,130 65 
27,500 

104,000 

141,568 
22,375 
24,562 
55,187 50 
65,925 00 

153,899 
24,937 
46,575 

130,000 



00 
00 
20 
00 
50 



15 

50 
00 
00 



51,968 75 



Market Value. 

$138,600 00 

172,750 00 

1,215,228 00 

11,000 00 

165,750 00 

200,000 00 

100,000 00 

82,550 00 

50,500 00 

38,250 00 

32,250 00 

205,930 00 

50,000 00 

110,900 00 

60,000 00 

60,000 00 

49,000 00 

264,000 00 

85,000 00 

77,250 00 

25,000 00 

104,000 00 

136,000 00 

20,700 00 

22,000 

56,000 

71,500 

154,080 

27,500 

45,900 00 

125,000 00 

54,750 00 



00 
00 
00 
00 
00 



GERMAN-AMERICAN INSURANCE CO. 



217 



Norfolk & Western R'y, Pocahon., bonds, 

North Pacific-Great Northern R.R. joint bonds, 

Oregon Short Line R.R. bonds, 

Pennsylvania Co. bonds, . 

Pennsylvania R.R. bonds, 

Rio Grande-Western R'y bonds, 

Southern Pacific Co. bonds, 

Southern R'y bonds, 

St. Paul, Minn. & Man. R'y bonds, 

St. Lawrence & Adirondack R.R. bonds, . 

St. Louis, Iron Mt. & Southern R'y bonds, 

St. Louis & San Francisco R.R. bonds, 

Santa Fe, Prescott & Phoenix R'y bonds, . 

Union Pacific R'y bonds, .... 

Utah & Northern R.R. bonds, . 

West Shore R'y bonds, .... 

Columbus & Ninth Avenue R.R. bonds, . 

Lexington Ave. & Pavonia Ferry R'y bonds, 

Minneapolis, L. & M. St. R'y bonds, 

Metropolitan St. R'y Co. bonds, 

N. Y. Gas & Elec. Lt., Ht. & Power Co. bonds 

Thirty-fourth St. Crosstown R'y bonds, . 

Troy (N. Y.) City R'y bonds, . 

Edison Electric Ilium. Co. of N. Y. bonds, 

Kanawha & Hocking Coal & Coke Co. bonds 

Western Union Telegraph Co. bonds, 

Standard Gas Light Co. bonds, 
100 shares Albany & Susquehanna R.R 

1,600 " Baltimore & Ohio R.R., 

2,400 " Baltimore & Ohio R.R , 

1,000 ** Cayuga & Susquehanna R.R 

2,500 " Chic, Mil. & St. Paul R.R., 

1,200 " Chic, Mil. & St. Paul R.R., 
700 " Chicago & Northwestern R.R., 
700 " Chicago & Northwestern R.R , 
500 " Cleve , C, C. & St. Louis R.R., 
200 " Detroit, Hillsd. & Southw. R.R., 

1,000 " Delaware & Hudson Co., . 
500 " Erie R.R 

1,122 " Hocking Valley R'y Co., . 

1,500 " Illinois Central R.R., . 
300 " Lake Erie & Western R.R. Co., 
100 " Louisville & Nashville R.R., 
100 " Minneapolis & St. Louis R.R., 

1,200 " Morris & Essex R.R., . 

2,633 " N. Y. & Harlem R.R., . 
500 " N. Y. Cent. & Hudson R. R.R., 
649 " N. Y., N. H. & Hartford R.R., 
200 " N. Y., Lack. & Western R.R., 

1,500 " Norfolk & Western R'y, 

1,000 " Northern Securities Co., 

6,666 " Pennsylvania R.R., 
750 " Pitts., C, C. & St. Louis, 
450 " Pitts., Ft. Wayne & Chic R.R., 
500 " Rensselaer & Saratoga R.R , 

2,450 " Southern R'y Co , . 

2,500 " Union Pacific R.R., 
100 " American Exchange Nat'l Bank, 
400 " Central National Bank, 
400 " Fourth National Bank,. 



25 

00 
31 
24 
00 
15 
00 
50 
00 



86 
50 
00 
00 
17 



Book Value. 

$86,750 00 

148,613 34 

115,884 71 

88,060 00 

48.124 30 
16,882 14 
22,953 81 

173,604 95 

87,541 

27,125 
130,116 

44,397 

30,450 
105,275 

12,000 

53,562 

29,372 

29,000 00 

21,500 00 

36,579 

23,312 

56,250 

26,250 

37,829 

82,000 00 

26,000 00 

29.125 00 
17,000 00 

149,587 50 

217,313 75 

40,500 00 

367,562 50 

168,287 50 

111,285 00 

109,737 50 

40,712 50 

19,400 00 

159,800 00 

33,187 50 

77,443 78 

192,797 15 

33,037 50 

11,512 50 

8,400 00 

98,100 00 

385,734 50 

63,475 00 

106,765 63 

23,600 00 

127,587 50 

102,915 00 

396,648 75 

72,743 75 

86,962 50 

90,500 00 

227,287 

212,137 

17,100 

63,180 88 

70,000 00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



50 
50 
00 



Market Value. 

$87,000 00 

135,000 00 

111,020 00 

86,400 00 

47,500 

16,740 

21,750 

166,500 

91,590 

25,250 00 

124,500 00 

41,000 

30,450 

96,500 

11,000 

53,000 

28,500 

28,500 

25,000 00 

'38,850 00 

22,500 00 

53,500 00 

27,750 00 

39,550 00 

80,000 00 

25,000 00 

26,250 00 

20,000 00 

136,( 00 00 

168,000 00 

60,000 00 

430,000 00 

162,000 00 

145,600 00 

105,000 00 

52,500 00 

20,000 00 

160,000 00 

30,000 00 

93,126 

180,000 

27,000 

10,000 

8,500 

105,000 00 

513,435 00 

55,000 00 

123,310 00 

25,000 00 

105,000 00 

70,000 00 

366,630 00 

71,250 00 

78,750 00 

95,000 00 

183,750 00 

212,500 00 

20,000 00 

56,000 00 

76,000 00 



00 
00 
00 
00 
00 



218 



THE GERMAN-AMERICAN FIRE INSURANCE CO. 



221 shares German American Bank, . 

90 " Merchants' National Bank, . 

526 " National Bank of Commerce, 

150 " Merchants' Trust Co., . 

200 " N. Y. Security & Tr. Co., . 

1,680 " Consolidated Gas Co., . 

1,000 " Manhattan Elevated R'y Co., 

700 " Metropolitan Street R'y, . 

400 " Pullman Co , 

700 " Standard Oil Co., 



$17,901 00 

6,750 00 

105,028 00 

48,975 00 

160,000 00 

316,368 75 

132,950 00 

95,937 50 

78,430 00 

219,475 00 



$23,205 00 

7,200 00 

105,200 00 

26,250 00 

160,000 00 

294,000 00 

130,000 00 

70,000 00 

80,000 00 

385,000 00 



$10,732,111 35 $10,797,194 00 



"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. 

Income. 

Net fire premiums, $127,131 87 

Interest on mortgage loans, $6,493.37; collaterals, $1,- 

722.71 ; stocks and bonds, $12,458.05 ; all other, $230.95, . 20,905 08 

Rents, 4,332 17 

Total income, . $152,369 12 

Ledger assets, Dec. 31, 1902, ....... 504,599 82 

Total, $656,968 94 

Disbursements. 

Net amount paid for fire losses, $45,751 51 

Interest and dividends to stockholders, 16,174 00 

Commissions or brokerage, 34,616 03 

Salaries, fees, etc., of officers and employees, .... 9,951 28 

Repairs and expenses on real estate, 1,322 25 

Real estate taxes, $1,239 . 42 ; other taxes and fees, $3,407 . 95, . 4,647 37 

Loss on sale or maturity of ledger assets, .... 8,513 38 

All other disbursements, 6,538 79 

Total disbursements, $127,514 61 

Balance, . $529,454 33 



Ledger Assets. 

Real estate, $55,350; mortgages,* $125,763.37, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B) , 

Cash in banks and office, 

Agents 1 balances, 



$181,113 37 

35,120 73 

284,362 00 

12,582 33 

16,275 90 



Total ledger assets, . 



. $529,454 33 



Value of land, $121,550; buildings, $203,700; insurance thereon, $150,235. 



THE GERMAN-AMERICAN FIRE INSURANCE CO. 



219 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $1,520.94; stocks and bonds, $4,573.87; 

collateral loans, $ 169 ; other assets, $86.90, 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



56,350 71 

694 96 

9,315 00 



Gross assets, . . ... 

Assets not admitted. 

Loans on company's stock, .... 
Agents' balances over three months due, 
Total unadmitted assets, . 



81,600 00 
798 65 



Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $99,142.39 ; plus 
same on disallowed reinsurance, $4,027.91, .... 
Reclaimable on perpetual fire policies, . . . 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, . 
Due for return premiums, $2,416.06 ; reinsurance, $1,839.62, 



$545,815 00 



2,398 65 
$543,416 35 



$6,977 00 

103,170 30 

643 37 

416 60 

300 00 

4,255 68 

$115,762 95 

200,000 00 

227,653 40 

Total liabilities, $543,416 35 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



127,653 40 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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



$20,877,806 00 

16,926,909 00 

$37,804,715 00 

14,298,475 00 

$23,506,240 00 

1,145,682 00 

. $22,360,558 00 

$23,275 00 



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 (8 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 
Securities held as Collateral. 

Market Value. 

Bait. City Pass. R'y and N. C. R'y Co. bonds, . $5,700 00 

Life Insurance Policy, 1,300 00 



Premiums. 

$179,729 96 
157,886 28 

$337,616 24 
132,913 52 

$204,702 72 
11,192 83 

$193,509 89 
$643 37 



,144,111 00 

473,402 00 

48,370 00 

266,080 00 

16,000 00 

35,375 00 



Loaned Thereon. 

$5,000 00 
750 00 



220 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



87 shares German American Fire Ins. Co., 
120 " Baltimore Co. Water & Elec. Co., 

50 " Daily Record stock, 
Life Insurance Policy, 
125 shares Canton National Bank, . 

19 " Union Trust Co., . 
Bait. Co. Water & Electric Co. bonds, 

10 shares Monumental Brewing Co., 



Schedule B. 



Market Value. 

$ 3,045 00 

4,800 00 
750 

3,000 
12,500 

1,178 
12,000 

1,875 



00 
00 
00 
00 
00 
00 



Loaned Thereon. 

$1,600 00 

3,000 00 

400 00 

2,192 60 

10,000 00 

1,000 00 

10,000 00 

1,178 13 



$46,148 00 $35,120 73 



Stocks and Bonds owned bxj the Company. 



Baltimore city bonds, .... 
Columbia & Greenville R.R. Co. bonds, . 
Chesapeake Water & Electric Co. bonds, 
Bait. Co, Water & Electric Co. bonds, 
United States bonds, ..... 
150 shares Merchants 1 & Miners' Trans. Co., 



390 
50 

225 

100 
50 

133 

291 
75 

101 
78 
75 

225 
28 
48 
50 
50 

100 



German Fire Ins. Co., Baltimore, 
Com. & Farm. Nat'l Bank, Bait., 
Farm. & Merch. Nat'l Bank, Bait., 
Merch Nat'l Bank, Bait , 
Nat'l Mechanics' Bank, Bait., 
Nat'l Exchange Bank, Bait., 
Western Nat'l Bank, Bait., 
Nat'l Howard Bank, Bait., 
Nat'l Bank, Bait., . 
German Bank, Bait., 
Nat'l Union Bank, Bait., . 
Citizens' National Bank, Bait 
Second Nat'l Bank, Bait , 
German American Bank, Bait 
Mercantile Trust & Dep. Co., Bait., 
Fidelity & Deposit Co. of Md., 
U. States Fid. & Guar. Co. of Md., 



Book Value. 

$74,925 00 

2,230 00 

5,500 00 
10,000 00 
21,650 00 
22,500 00 

8,970 

2,500 
14,625 
17,500 

1,400 00 
23,275 00 
11,058 
750 
11,110 

8,424 

8,475 

6,300 00 

5,180 00 

4,240 

6,250 

6,500 
11,000 



00 
00 
00 
00 



00 
00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$76,899 00 

2,300 00 

5,500 00 
10,000 00 
21,650 
24,750 

9,360 

2,500 
15,525 
18,000 

1,500 

25,270 

11,349 

825 

11,110 

8,424 

8,775 

6,300 

5,320 

4,320 

6,500 

6,500 
11,000 



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



$284,362 00 $ 293,677 00 



"GERMAN FIRE INSURANCE COMPANY OF PEORIA," 

PEORIA, ILL. 

[Incorporated May 1, 1876. Commenced business May 10, 1876.] 

Paid-up Capital, $200,000. 

BERNARD CREMER, President. CHARLES CREMER, Secretary. 

Income. 

Net fire premiums, $371,885 76 

Interest on mortgage loans, $18,072.01 ; collaterals, $3,000 ; 

stocks and bonds, $3,166, . 24,238 01 

Rents, 469 78 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



. $396,593 55 
547,020 63 



Total, . 



. $943,614 18 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



221 



Disbursements. 

Net amount paid for fire losses, $126,373 09 

Interest and dividends to stockholders, 18,000 00 

Commissions or brokerage, 102,106 06 

Salaries, fees, etc., of officers and employees, .... 7,289 00 

Rents, 600 00 

Real estate taxes, $48.27; other taxes and fees, $5,896.69, . 5,944 96 

All other disbursements, 16,517 05 

Total disbursements $276,830 16 

Balance, . $666,784 02 



Ledger Assets. 

Real estate, $7,000 ; mortgages,* $276,656.19, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 



$283,656 19 

71,088 99 

158,659 55 

99,657 37 

53,721 92 

$666,784 02 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $8,115.93; stocks and bonds, $2,517.47; on 

collateral loans, $2,241.60, 

Market value of stocks and bonds over book value, 



Gross assets, 



12,875 00 
21,635 45 

$701,294 47 



Liabilities. 

Unpaid losses, $17,995 00 

Unearned premiums on outstanding risks, $280,012.28 ; plus 

same on disallowed reinsurance, $1,013.36, . . . . 281,025 64 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$402,273 83 



$299,020 64 

200,000 00 
202,273 83 



Total liabilities, $701,294 47 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

^Premiums. 

$23,891,576 00 $307,106 92 
32,556,476 00 435,906 60 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$56,448,052 00 $743,013 52 
16,852,877 00 229,592 50 



$39,595,175 00 $513,421 02 
395,630 00 5,213 39 



,199,545 00 $508,207 63 



* Value of land, $664,890; buildings, $432,150; insurance thereon, $290,400. 



222 



GERMAN 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 (9 per cent.), . 

Company's stock owned by directors, . 



$4,403,233 00 

1,585,252 00 

133,317 

293,000 

18,000 

158,264 



00 
00 
00 
00 



400 sh 

50 

20 

30 

25 
120 

50 

60 



Schedule A. 
Securities held as Collateral. 

Market Value. 

ares German Amer. N'l B'k, Peoria, 111., 870,000 00 

German Amer. N'l B% Peoria, 111., 8,750 00 

General Electric, .... 2,200 00 

Commercial Nat'l B'k, Peoria, 111., . 7,500 00 

National Hotel Co., Peoria, 111 , . 3,125 00 

Colburn Birks & Co., Peoria, 111 , . 15,000 00 

State Bank, Chicago, 111., . . 12,500 00 

Peoria National Bank, . . . 7,250 00 



Loaned Thereon. 

§37,000 00 
&,000 00 

5,000 00 

8,000 00 
8,088 99 
5,000 00 



8126,325 00 ^71,088 99 



Schedule B. 



Stocks and Bonds owned by the Company. 



C. & A. R.R. bonds, 

City of Peoria bonds, .... 
General Electric bonds, .... 
150 shares German American National Bank, 



83 

50 

125 

121 

100 

100 

50 

50 



Peoria National Bank, 
Commercial National Bank, . 
Home Savings and State Bank, 
State B'k & Tr. Co., Los Angeles, 
American Nat 1 l Bank, Los Angeles 
Bankers' National Bank, Chicago, 
American Trust Bank, Chicago, 
Standard Real Es. Co., Denver, Col., 



Book Value. 

$8,500 00 

32,450 00 

10,000 00 

23,500 00 

9,545 00 

5,750 00 

12,675 00 

12,100 00 

11,500 00 

18,654 55 

8,985 00 

5,000 00 



Market Value. 

$8,500 00 
35,695 00 
11,000 00 
26,250 00 
12,035 00 
12,500 00 
15,625 00 
12,705 00 
12,000 00 
20,000 00 
8,985 00 
5,000 00 



§158,659 55 $180,295 00 



"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH," PITTSBURGH, PA. 

[Incorporated March 27, 1862. Commenced business July, 1S62.] 

Paid-up Capital, $200,000. 

A. E. SUCCOr, President. A. H. ECKERT, Secretary. 



Income. 

Net fire premiums, . $439,387 04 

Intereston mortgage loans, $10,440.33 ; collaterals, $3,537. 70 ; 

stocks and bonds, $5,158.40, 19,136 43 



GERMAN FIRE INSURANCE CO. 



223 



Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



$6,699 95 
9,511 10 

$474,734 52 
554,760 98 



Total $1,029,495 50 

Disbursements. 

Net amount paid for fire losses, $203,437 25 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 119,831 10 

Salaries, fees, etc., of officers and employees, .... 15,410 50 

Rents, including company's own occupancy, .... 4,678 32 

Repairs and expenses on real estate, 3,610 42 

Real estate taxes, $891.72 ; other taxes and fees, $11,702.89,. 12,594 61 

Loss on sale or maturity of ledger assets, .... 1,063 00 

All other disbursements, 31,879 62 

Total disbursements, $412,504 82 

Balance, $616,990 68 



Ledger Assets. 

Real estate, $122,695.34; mortgages,* $184,206, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks, 

Agents' balances, 

Total ledger assets, 



$306,901 34 

56,050 00 

137,497 18 

32,704 28 

83,837 88 

$616,990 68 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,642.03 ; stocks and bonds, $226.50, 
Rents due on company's property, .... 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



2,868 53 

272 50 

22,304 66 

32,973 61 

$675,409 98 



Liabilities. 

Unpaid losses, $30,266.92 ; less reinsurance, $144.34, . 
Unearned premiums on outstanding risks, $354,909.73 ; plus 

same on disallowed reinsurance, $1,587.08, . 
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, 



$285,432 82 



$30,122 58 

356,496 81 
2,084 67 
1,273 10 

$389,977 16 

200,000 00 
85,432 82 

$675,409 98 



* Value of land, $292,400; buildings, $281,400; insurance thereon, $193,600. 



224 



GERMAN FIRE INSURANCE CO, 



Fire risks outstanding Dec. 31, 1902 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

.$49,218,295 00 $590,930 37 
. 44,456,669 00 547,366 55 



Total, ... 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $93,674,964 00 $1,138,296 92 
. 34,681,809 00 444,693 22 



. $58,993,155 00 $693,603 70 
. 2,373,550 00 30,388 96 



.$56,619,605 00 $663,214 74 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$7,081,608 00 

3,465,678 00 

203,013 00 

798,000 00 

150,000 00 

20,000 00 

27,450 00 



Schedule A. 

Securities held as Collateral. 



14 shares Diamond Nat'l Bank, 



60 

100 

55 

100 

100 

40 

100 

10 

75 

10 

40 

20 



Co. 



Co. 



Pittsburg Brewing Co., . 
Monongahela R. Coal & Coke 
U. S. Glass Co., 
Union Switch & Signal Co., 
National Fire Proofing Co., 
Westinghouse Elec. & Manuf. 
American Window Glass Co., 
Diamond National Bank, 
Safe Deposit & Trust Co., 
McKees Rocks Trust Co., 
D. Lutz Brewing Co., 
Westinghouse Air Brake Co., 



Schedule B. 



Market Value. Loaned Thereon. 

$5,950 00^ 

1,470 00 
900 00 

1,925 00 

8,200 00 
750 00 

3,440 00 

4,000 00 J 

4,250 00 
31,875 00 

1,000 00 

3,000 00 

2,800 00 



J> $20,250 00 



32,800 00 

1,500 00 
1,500 00 



$69,560 00 $56,050 00 



Stocks and Bonds owned by the Company. 



United States bonds, 

Alleppo township school bonds, 
Millvale, Etna & Sharpsburg St. R'y bonds, 
Pitts. & Birm. Traction Co. bonds, . 
100 shares German Nat'l Bank, Pittsburgh, 
100 " Third National Bank, Pittsburgh, 
100 " Exchange National Bank, Pitts., 
100 " Allegheny Nat'l Bank, Pittsburgh, 
43 " Mer. & Manuf. Nat'l Bank, Pitts., 
6 " Metropolitan Nat'l Bank, Pitts., 



Book Value. 

$26,531 25 

1,438 29 

11,891 25 

8,368 89 

17,500 00 

15,053 50 

8,053 00 

7,260 50 

3,526 00 

900 00 



Market Value. 

$26,531 25 
1,438 29 

12,966 25 
9,280 00 

25,500 00 

17,500 00 
9,000 00 

14,000 00 
5,805 00 
1,200 00 



GERMANIA FIRE INSURANCE CO. 



225 



10 shares Fifth Avenue Bank, Pittsburgh, 
75 " First National Bank, Allegheny, 
90 " Second National Bank, Allegheny, 



Book Value. 

$500 00 
12,564 50 
23,910 00 



Market Value. 

$750 00 
10,500 00 
36,000 00 



1137,497 18 $170,470 79 



"GERMANIA FIRE INSURANCE COMPANY, 11 NEW YORK, N. Y. 

[Incorporated March 2, 1859. Commenced business March 2, 1859.] 
Paid-up Capital, $1,000,000. 

HUGO SCHUMANN, President. SB£r? A L ,? SS ir ^5o 



CHARLES RUYKHAVER, 
GUSTAV KEHR, 



Income. 

Net fire premiums, $2,101,600 81 

Interest on mortgage loans, $16,546.80; stocks and bonds, 

$173,167.91; all other, $6,582.90, 196,297 61 

Rents 24,023 37 

Profit on sale or maturity of ledger assets, .... 12,921 43 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



£2,334,843 22 
5,412,911 94 



Total, $7,747,755 16 

Disbursements. 

Net amount paid for fire losses, $801,739 04 

Interest and dividends to stockholders, 160,000 00 

Commissions or brokerage, 434,816 99 

Salaries, fees, etc., of officers and employees, .... 148,539 33 

Rents, 22,086 71 

Repairs and expenses on real estate, 16,494 50 

Real estate taxes, $7,492.45; other taxes and fees, $54,781.41, 62,273 86 

Profit and loss, 13,795 85 

All other disbursements, 87,300 90 



Total disbursements, 



. $1,747,047 18 



Balance, $6,000,707 98 

Ledger Assets. 



Real estate, $670,488.77 ; mortgages,* $376,500, 
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 due and accrued on company's property, 

Gross assets, 



$1,046,988 77 

4,274,271 73 

346,279 42 

310,447 66 

22,720 40 

$6,000,707 98 



8,163 11 
1,853 72 

i,010,724 81 



* Value of land, $234,000; buildings, $405,000; insurance thereon, $357,500 



226 



GERMANIA FIRE INSURANCE CO. 



Assets not admitted. 

Agents 1 balances over three months due, . $3,091 70 

Special deposits less $45,346.30 liab. thereon, 71,316 70 

Depreciation in book value of stocks and bonds, 1 57.799 48 

Total unadmitted assets, .... 



Total admitted assets, 



$232,207 88 
5,778,516 93 



Liabilities. 

Unpaid losses, including $19,894 resisted, $183,482.95; less 
reinsurance, $35,421.06, 

Unearned premiums on outstanding risks, $2,178,043.74 ; plus 
same on disallowed reinsurance, $10,081, .... 

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, . . 



1,437,066 41 



$148,061 89 

2,188,124 74 
5,263 89 

^2,341,450 52 

1,000,000 00 
2,437,066 41 



. $5,778,516 93 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$455,726,476 00 $4,021,751 44 
.280,378,508 00 2,717,652 91 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$736,104,984 00 $6,739,404 35 
. 242,557,136 00 2,175,366 06 



$493,547,848 00 $4,564,038 29 
. 39,060,808 00 401,984 52 



$454,487,040 00 $4,162,053 77 



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 (16 per cent.), 

Company's stock owned by directors, . 



$41,050,178 

20,200,068 

826,148 

3,811,000 

160,000 



00 
00 
00 
00 
00 



209,850 00 



Schedule A. 
Stocks and Bonds oivned by the Company. 



United States bonds, 

American Dock & Improvement Co. bonds, 
Broadway & Seventh Ave. R.R. Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Brooklyn Union Elevated R.R. Co. bonds, 
Chesapeake & Ohio R'y Co. bonds, . 
Chic. & Northwestern R'y Co. bonds, 



Book Value. 


Market Value. 


. $265,000 00 


$265,000 00 


28,531 25 


28,125 00 


58,062 50 


56,000 00 


6,000 00 


6,060 00 


13,050 00 


15,206 25 


54,526 25 


56,150 00 


86,878 75 


84,562 50 



GERMANIA FIRE INSURANCE CO. 



227 



Chicago, Burlington & Quincy R.R. Co. bonds, 
Chicago, Milwaukee & St. Paul R'y Co. bonds, 
Chic, St. Louis & New Orleans R.R. Co. b'ds, 
Cleve., Col., Cin. & Indiana R.R. Co. bonds, . 
Denver & Rio Grande R.R. Co. bonds, . 
Dry Dock, E. Broadw'y & Bat. R.R. Co. bonds, 
East Tenn., Virginia & Georgia R'y Co. bonds, 
Edison Electric Illuminating Co. bonds, . 
Evansville & Terre Haute R.R. Co. bonds, 
Flint & Pere Marquette R.R. Co. bonds, 
Georgia State bonds, 
Kentucky Central R'v Co. bonds, 
Lehigh Valley R'y Co of N. Y. bonds, 
Long Island R.R. Co. bonds, . 
Milwaukee & Northern R.R. Co. bonds, 
Missouri Pacific R'y Co. bonds, 
Missouri, Kansas & Texas R'y Co. bonds, 
Morgans, La. & Texas R.R. & S. S. Co. bonds, 
Nash., Chattanooga & St. Louis R'y Co. bonds, 
N. Y., Brooklyn & Man. Beach R'y Co. bonds, 
New York city bonds, .... 
Northern Pacific-Gt. Northern R'y Co. bonds, 
Oregon Short Line bonds, 
Richmond city bonds, .... 
St. Paul & Northern Pacific R'y Co. bonds, 
Tenn. Coal, Iron & R.R. Co. bonds, . 
St. Louis & San Francisco R.R. Co. bonds, 

United States bonds, 

Wabash R.R. Co. bonds, .... 
Toledo & Ohio Central R'y Co. bonds, . 
Union Pacific R.R. Co. bonds, . 
Western N. Y. & Penn. R.R. Co. bonds, . 
Wheeling & Lake Erie R.R. Co. bonds, . 
Atch., Topeka & Santa Fe R'y Co. stock, 
Baltimore & Ohio R.R. Co. stock, . 
Broadway & 7th Ave. R.R. Co. stock, 
Chicago, Mil. & St. Paul R'y Co. stock, . 
Consolidated Gas Co. stock, 
Chicago & Northwestern R'y Co. stock, . 
Denver & Rio Grande R.R Co. stock, 
Germ an -American Bank stock, 
Hocking Valley R'y Co. stock, 
Ills. Central R.R. Co. stock, 
Ills. Central Stock Interest certificates, . 
Louisville & Nashville R.R. Co. stock, . 
Manhattan R'y Co. stock, .... 
Laclede Gas Light Co. of St. Louis, Mo., stock 
Missouri Pacific R.R. Co. stock, 
National Park Bank stock, 
N. Y. Central & Hudson River R.R. Co. stock 
N. Y., Chicago & St. Louis R.R. Co. stock, 
Norfolk & Western R'y Co. stock, . 
Pennsylvania R.R. Co. stock, . 

Pullman Co. stock, 

Southern R'y Co. stock, .... 
St. Louis & San Francisco R.R. Co. stock, 
Union Pacific R.R. Co. stock, . 
Western Union Telegraph Co. stock, 



25 
25 
25 
00 
25 
25 
25 
25 
00 



Book Value. 

$53,062 50 
28,781 25 
31,781 
31,301 
28,541 
10,500 
28,781 
27,696 
30,281 
26,881 
10,250 
21,218 75 
25,031 25 

16.871 25 
28,343 75 
29,593 75 
24,781 25 
32,531 25 
28,031 25 
25,125 CO 

282,973 45 
33,636 37 

22.872 95 
52,024 00 
19,526 25 
28,021 

8,262 

54,187 

58,150 

37,493 

10,000 00 

28,031 25 

22,781 
143,362 
152,250 

30,118 
193,965 
260,175 

32,375 
113,512 

11,207 

41,012 
166,112 

94,250 

54,612 

27,925 

31,237 
129,062 50 

13,165 00 
152,083 
130,187 

45,962 
319,049 
217,475 

18,600 

62,750 

79,212 

45,212 



25 
50 
50 
00 
75 



25 
50 
00 
77 
00 
65 
00 
50 
63 
50 
50 
00 
50 
00 
50 



13 

50 
50 
78 
00 
00 
00 
50 
50 



50 
50 
00 
00 
00 
00 



Market Value. 

$52,625 00 
28,343 75 
29,437 50 
32,500 00 
35,000 00 
10,800 00 
29,375 00 
26,000 00 
29,531 25 
26,750 00 
10,000 00 
24,812 50 
26,812 50 
17,700 00 
27 3 687 50 
29,562 
24,812 
31,500 
27,875 
27,125 

253,750 
46,750 00 
23,000 00 
53,663 00 
19,680 00 
26,000 00 
8,487 50 
53,000 00 
57,312 50 
39,593 75 

9,637 
29,375 
22,250 

128,375 

134,660 00 
35,925 00 

173,087 50 

253,915 50 
33,800 00 
84,000 00 
13,593 75 
43,000 00 

157,650 00 
85,000 00 
54,937 50 
28,800 
27,000 

115,500 
32,250 

138,575 

129,600 
42,500 00 

297,500 00 

218,000 00 
15,800 00 
51,200 00 
76,700 00 
43,250 00 



50 
00 
00 
00 



00 
00 
00 
00 
00 
00 



,,274,271 73 $4,116,472 25 



228 



GIRARD FIRE AND MARINE INSURANCE CO. 



"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. 

Income. 

Net fire premiums, $407,921 16 

Deposit premiums on perpetual risks, 24,547 90 

Interest on mortgage loans, $30,264. 88 ; collaterals, $6,965.09 ; 

stocks and bonds, $35,315.62; all other, $1,100.72, . . 73,646 31 

Rents, including company's own occupancy, .... 19,311 69 

Profit on sale or maturity of ledger assets, .... 1,704 88 

From all other sources, 11,097 86 

Total income, $538,229 80 

Ledger assets, Dec. 31, 1902, 1,923,082 23 



Total, $2,461,312 03 



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, $4,996.09 ; other taxes and fees, $17,537.75, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 

Total disbursements, 

Balance, 



$191,512 34 


24,631 


40 


66,000 00 


106,236 


46 


56,733 


49 


8,657 


00 


5,489 


41 


22,533 


84 


4,480 


34 


26,749 


82 


$513,024 


10 


$1,948,287 


93 



Ledger Assets. 

Real estate, $281,407.07; mortgages,* $642,850, 

Loans secured by collateral (ground lots), 

Stocks and bonds (schedule A), 

Cash in banks and office, . 

Agents' balances, 

Bills receivable, 

Insurance company's building, 

Perpetual reinsurance, 

Total ledger assets, , 



$924,257 07 

80,225 00 

782,808 86 

88,531 17 

52,903 50 

11,541 08 

1,595 34 

6,425 91 

$1,948,287 93 



* Value of land, $1,333,500; buildings, $561,115; insurance thereon, $293,600. 



GIRARD FIRE AND MARINE INSURANCE CO. 



229 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $8,789.48; stocks and bonds, $9,173.34; col- 
lateral loans, $1,186.41, 

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, 
Commissions on return premiums and reinsurance, 



Gross assets, 



$19,149 23 

824 91 

51,592 93 

22,273 64 

622 47 

!,042,751 11 



Assets not admitted. 



Company's stock owned, . 

Agents' balances over three months due, 

Bills receivable, past due, 

Total unadmitted assets, . 



$44,625 00 
8,029 67 
1,000 00 



Total admitted assets, 



53,654 67 
$1,989,096 44 



Liabilities. 



,285.21; less 



Unpaid losses, including $4,051.31 resisted, 

reinsurance, $5,287, 

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, 
Due for return premiums, $201.40 ; reinsurance, $1,767.69, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, ...... 

Surplus over capital and general liabilities, . 



$897,159 13 



$24,998 21 

430,759 94 

632,265 80 

336 77 

1,607 50 

1,969 09 

. $1,091,987 31 



Total liabilities, 



300,000 00 
597,159 13 

. $1,989,096 44 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



,356,887 00 
52,511,660 00 



Premiums. 

,695 82 
533,468 91 



$148,868,547 00 $1,442,164 73 
.. 52,425,290 00 529,950 69 



,443,257 00 
6,179,100 00 



$912,214 04 
65,443 53 



. $90,264,157 00 $846,770 51 



Perpetual risks in force (not included above), $33,599,622 00 $702,517 55 

Miscellaneous. 



Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (22 per cent.), 

Company's stock owned by directors, . 



,369,539 00 

6,401,830 00 

186,857 00 

2,257,194 00 

66,000 00 

43,100 00 



230 



GIRARI) FIRE AND MARINE INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the Company. 



City oi' Philadelphia bonds, 

County of St. Louis Park bonds, Mo 

City of Seattle, Wash., bonds, . 

Borough of Ridley Park, Pa., bonds, 

Wadena school bonds, Minn., . 

State of Georgia bonds, 

City of Camden, N. J., bonds, . 

City of Duluth, Minn., bonds, . 

Connecting R.R bonds, 

Pennsylvania R R. bonds, . 

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

Pitts., Cincin., Chic. & St. Louis R.R. bonds, 

Delaware R.R. bonds, 

Lehigh Valley R R bonds, 

Lynn & Boston R.R. bonds, 

Philadelphia & Reading R.R. Co. bonds, 

Schuylkill Valley Traction Co. bonds, 

Kansas City Southern R'y bonds, 

Lehigh Coal & Navigation Co. bonds, 

American R'ys Co. bonds, 

Chesapeake & Ohio R.R. Co. Car Trust cert., 

Fort Pitt Traction Co., Pittsburgh, bonds, 

Toledo, St. Louis & Western R.R. Co. bonds, 

Hutchinson Water, Light & Power Co. bonds 

Hudson River Gas & Electric Co. bonds, . 

Glens Falls Gas & Elec. Light Co. bonds, 

Consolidated Gas Co. of Pitts., Pa., bonds, 

Hamilton Real Estate Co. bonds, 

Chicago Suburban Water & Light Co. bonds, 

Elmira Water, Light & R.R. Co. bonds, . 

Westchester Lighting Co. bonds, 

Missouri River Power Co. bonds, 

Economy Light & Power Co. bonds, 

William Cramp & Sons Co. bonds, 

Elgin American Gas Co. bonds, 

Altoona Gas Co. bonds, 

45 shares Phila. & Darby Pass. R'y Co., 
210 " Pennsylvania R.R. .Co., 
600 " Lehigh Valley R.R Co., 
110 " Lehigh Coal & Navigation Co., 
200 " Philadelphia Traction Co., 
200 " Metropolitan St. R'y Co., 
240 " Pennsylvania Salt Mfg. Co., . 
100 " Connecticut Title and Trust Co., 

40 " Philadelphia Bourse, 
200 " United Gas Imp. Co., 
119 " Girard Fire & Marine Ins. Co., 



67 
00 
00 
00 



00 
50 
00 
25 
00 
25 



00 
50 
00 
16 
44 
00 



Book Value. 

$55,513 15 
10,256 
50,000 

4,000 

2,000 
28,000 00 
20,417 54 
15,300 

5.227 

9,342 
70,921 
10,500 

6,353 
20,322 50 
25,500 00 
60,562 50 

9,500 00 
13,825 
10,237 

5,100 

5,008 
11,794 
12,600 

6,000 00 
20,600 00 
10,189 03 
16,937 50 

9,600 00 
10,231 
10,301 
15,381 
10,728 
15,000 00 
11,065 28 
10,120 

5,000 

2,250 
11,900 
25,959 

5,262 
19,450 
24,975 
25,032 

2,500 

1,500 
18,932 
31,610 



96 
39 
25 
33 



83 
00 
00 
00 
00 
50 
00 
00 
64 
00 
00 
69 
00 



Market Value- 

$53,900 00 
10,300 00 
54,000 00 

4,360 00 

2,000 00 
25,750 00 
21,800 00 
16,800 00 

6,120 00 
11,500 
71,850 
11,100 

6,600 
20,700 
28,250 
62,000 00 
10,000 00 
14,000 00 
10,000 

4,875 

5,000 
11,200 
12,3C0 

6,000 
21,000 
10,000 00 
16,125 00 

9,600 00 
10,000 00 
10,250 
15,450 
10,500 
15,375 
11,000 
10,000 00 

5,000 00 

1,800 
12,495 
22,200 

7,150 
19,500 
24,800 00 
25,920 00 

3,900 00 

187 50 

17,800 00 

44,625 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



|782,808 86 $805,082 50 



GLENS FALLS INSURANCE CO. 231 



" 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. 

Income. 

Net fire premiums, $1,261,568 33 

Interest on mortgage loans, $53,661.92; collaterals, $200; 

stocks and bonds, $94,604.17 ; all other, $22,529.47, . . 170,995 56 

Rents, 4,828 90 

Profit on sale or maturity of ledger assets, .... 4,934 09 

Total income, $1,442,326 88 

Ledger assets, Dec. 31, 1902, 3,738,308 20 

Total, $5,180,635 08 

Disbursements. 

Net amount paid for fire losses, $553,010 44 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 316,391 26 

Salaries, fees, etc., of officers and employees, .... 79,371 13 

Real estate taxes, $3,432 . 78 ; other taxes and fees, $55,027 . 77, 58,460 55 

All other disbursements, 78,418 79 

Total disbursements, $1,205,652 17 

Balance, $3,974,982 91 

Ledger Assets. 

Real estate, $71,227.48; mortgages, $830,129.08, . . . $901,356 56 

Loans secured by collateral (Morris & Essex R.R. b'ds, $3,870) , 3,700 00 

Stocks and bonds (schedule A), 2,309,135 00 

Cash in banks and office, 630,443 06 

Agents' balances, 129,448 29 

Bills receivable, 900 00 

Total ledger assets, $3,974,982 91 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,123. 73; stocks and bonds, $5,281. 25 ; other 

assets, $2,416.64, 10,821 62 

Market value of stocks and bonds over book value, . . 82,845 00 

Gross assets,* $4,068,649 53 

Assets not admitted. 

Agents 1 balances over three months due, . $1,968 37 

Special deposits less $21,516 liability thereon,. 69,484 00 

Depreciation in ledger assets, .... 20,000 00 

Total unadmitted assets, .... 91,452 37 

Total admitted assets, $3,977,197 16 

* Including $200,000 special reserve held under New York laws. 



232 



GLENS FALLS INSURANCE CO. 



Liabilities. 

Unpaid losses, including $2,025 resisted, $71,013.26; less 

reinsurance, $15,225.22, $55,788 04 

Unearned premiums on outstanding risks, $1,280,016. 03 ; plus 

same on disallowed reinsurance, $800.20, .... 1,280,816 23 

Salaries and other miscellaneous expenses, due or accrued, . 35,000 00 



All liabilities, except capital and surplus, . . . $1,371,604 27 
Surplus to policy holders, .... $2,605,592 89 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 2,405,592 89 



Total liabilities $3,977,197 16 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$219,488,806 00 

. 135,295,530 00 

$354,784,336 00 

.112,877,235 00 

$241,907,101 00 

. 21,882,007 00 



Premiums. 

$2,469,741 86 
1,679,794 11 

$4,149,535 97 
1,394,430 61 

$2,755,105 36 
305,287 35 



$220,025,094 00 $2,449,818 01 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of compan} T , 
Dividends declared during the year (60 per cent.), 
Company's stock owned by directors, .... 



$23,305,942 00 

10,906,534 00 

548,815 00 

1,180,000 00 

120,000 00 

76,780 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, 

Syracuse, Bing. & New York R.R. bonds, 

Morris & Essex R.R. bonds, 

West Shore R.R. bonds, . 

Union Pacific R.R. bonds, . 

Baltimore & Ohio R.R. bonds, . 

Central of New Jersey R.R. bonds, . 

International Paper Co. bonds, 

Hudson River Pulp and Paper Co. bonds 

Gould Paper Co. bonds, . 

Georgia State bonds, 

Richmond, Va., city bonds, 

Pendleton City, Ore., bonds, 

Saratoga Springs, N. Y , bonds, 

J. & J. Rogers Co. bonds, 

New York city bonds, 

German Trust Co., Davenport, la., bonds, 



Book Value. 

$58,000 00 

53,000 00 

50,000 00 

50,000 00 

50,000 00 

50,000 00 

50,000 00 

305,000 00 

320,000 00 

291,000 00 

25,000 00 

11,000 00 

50,000 00 

5,000 00 

330,000 00 

106,160 00 

70,000 00 



00 
00 
00 



Market Value. 

$75,510 00 

57,770 

64,500 

54,000 

50,000 00 

50,000 00 

65,000 00 

315,000 00 

320,000 00 

291,000 00 

25,000 00 

11,000 00 

55,000 00 

5,000 00 

330,000 00 

102,000 00 

70,000 00 



GRANITE STATE FIRE INSURANCE CO. 



233 



Union Pacific R.R. stock, .... 
First National Bank, Glens Falls, stock, . 
First National Bank, Saratoga Springs, stock, 
Cleveland Trust Co. stock, 
Mt. Kisco National Bank stock, 
Glens Falls National Bank stock, 
Iron City Trust Co., Pittsburg, Pa., stock, 
Luzerne Co Trust Co., Wilkesbarre, stock, 
Chicago Great Western R.R. stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Louisville & Nashville R.R. stock, 
Pennsylvania R.R. stock, . 
Illinois Central R.R. stock, 
Chicago & Northwestern R.R. stock, 
Manhattan Elevated R.R. stock, 



Book Value. 


Market Value. 


$45,000 00 


$44,500 00 


10,000 00 


30,000 00 


2,000 00 


4,000 00 


10,000 00 


15,000 00 


5,000 00 


7,500 00 


2,500 00 


5,000 00 


57,000 00 


46,000 00 


20,000 00 


20,000 00 


90,125 00 


85,000 00 


27,500 00 


28,000 00 


20,150 00 


20,000 00 


23,500 00 


23,600 00 


12,700 00 


13,000 00 


31,500 00 


31,600 00 


78,000 00 


78,000 00 


$2,309,135 00 


12,391,980 00 



"GRANITE STATE FIRE INSURANCE COMPANY, 1 ' 
PORTSMOUTH, N. H. 

[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.] 
Paid-up Capital, $200,000. 
CALVIN PAGE, President. ALFRED F. HOWARD, Secretary. 

Income. 

Net fire premiums, . . . $384,403 41 

Interest on mortgage loans, $638.13 ; stocks and bonds, $19,- 

867.75; all other, $956.64 21,462 52 

Rents, including company's own occupancy, .... 2,674 25 

Profit and loss, 478 00 

Total income, $409,018 18 

Ledger assets, Dec. 31, 1902, 665,292 50 

Total, $1,074,310 68 



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, $153.10; other taxes and fees, $7,271.06, 

Profit and loss, 

All other disbursements, 

Total disbursements, 

Balance, 



$223,684 84 


12,000 


00 


87,920 


10 


15,640 


00 


1,500 


00 


653 


47 


7,424 


16 


8,944 


13 


30,166 


82 


$387,933 52 



,377 16 



234 



GRANITE STATE FIRE INSURANCE CO. 



Ledger Assets 

Real estate, $50,879.50; mortgages,* $6,800, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents' balances, 



Total ledger assets, 



$57,679 50 

539,607 20 

47,465 15 

41,625 31 

$686,377 16 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $175.80 ; stocks and bonds, $2,359.87, 
Rents due and accrued on company's property, 
All other, 

Gross assets, 



2,535 67 

450 87 

777 96 

$690,141 66 



Assets not admitted. 

Agents' balances over three months due, . $8 82 

Depreciation in book value of ledger assets, . 37,018 70 

Total unadmitted assets, .... 

Total admitted assets, 



37,027 52 
$653,114 14 



Liabilities. 

Unpaid losses, including $2,200 resisted, $57,906.59 ; less re- 
insurance, $6,721 .44, $51,185 15 

Unearned premiums on outstanding risks, . . . 294,509 90 

Salaries and other miscellaneous expenses, due or accrued, . 1,243 32 

Due for reinsurance premiums, 5,936 54 

All liabilities, except capital and surplus, . . . $352,874 91 
Surplus to policy holders, .... $300,239 23 

Paid-up capital, • 200,000 00 

Surplus over capital and general liabilities, .... 100,239 23 

Total liabilities, , $653,114 14 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

,909,458 00 $724,927 17 
37,781,561 00 540,020 63 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



,691,019 00 $1,264,947 80 
35,603,167 00 497,939 72 



S63,087,852 00 $767,008 08 
15,415,624 00 206,619 58 



. $47,672,228 00 $560,388 50 



* Value of land, $6,700; buildings, $9,000; insurance thereon, $5,500. 



GRANITE STATE FIRE INSURANCE CO. 



235 



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, 



p8,416,859 00 

3,712,355 00 

247,184 00 

168,000 00 

12,000 00 

38,000 00 



Schedule A. 
Slocks and Bo?ids owned by the Company. 



State of Massachusetts bonds, . 

Hillsborough County, N. H , bonds, 

Rockingham County, N. H., bonds, , 

Columbia County, Wash., bonds, 

Boston, Mass., bonds, 

Quincy, Mass., bonds, 

Maiden, Mass., bonds, 

Taunton, Mass., bonds, 

Newton, Mass., bonds, 

Manchester, N. H., bonds, 

Portsmouth, N. H., bonds, 

Dover, N. H , bonds, . 

Nashua, N. H., bonds, 

Concord, N. H., bonds, 

Laconia, N. H., bonds, 

Pittsfield, N. H., bonds, . 

Peterborough, N. H., bonds, 

Rutland, Vt., bonds, . 

Milwaukee, Wis., bonds, . 

Burlington, Vt., bonds, 

Gloucester, Mass., bonds, . 

Franklin, N. H., bonds, 

New York City, N. Y., bonds, 

Cincinnati, Ohio, bonds, . 

Concord & Montreal R.R. bonds, 

Boston & Lowell R.R. bonds, 

Fitchburg R.R. bonds, 

Peterboro' & Hillsboro 1 R.R. bonds,. 

Light & Power Co., St. Cloud, Minn., bonds, 

New Hampshire Trust Co. bonds, 

Nashua Card & Glazed Paper Co. bonds, 

131 shares Boston & Maine R.R., 

50 " Wolf. Loan & Banking Co., 

51 " Wor., Nashua & Roch. R.R., 
35 " Concord & Montreal R.R., 

666 " Pennsylvania R.R., . 

100 " Illinois Central R.R., 

100 " N. Y. Cent. & Hudson R. R.R 



Book Value. 

$22,754 50 
10,825 00 
10,580 

8,390 
22,137 

6,607 
18,860 

8,734 
10,878 75 
107,335 00 
10,563 
10,481 
10,695 

1,083 
10,730 

2,606 

4,185 

5,750 

5,291 

5,350 
10,487 
10,475 
21,700 00 
10,600 00 
27,325 00 
11,125 00 

5,650 00 
11,575 00 
10,000 00 

4,800 00 

5,000 00 
19,830 86 

5,000 00 

6,219 63 

6,090 00 
50,664 79 
13,925 00 
15,300 00 



60 
40 
50 
50 
00 
40 



12 

50 
00 
75 
15 
25 
00 
00 
00 
00 
50 
00 



Market Value. 

$21,200 00 
10,786 00 
10,300 00 

8,328 00 
20,662 

6,730 
18,124 

8,580 
10,170 
101,400 
10,477 
10,300 00 
10,454 00 

1,070 00 
10,737 

2,591 

4,130 

5,475 

5,000 

5,265 
10,000 00 
10,000 00 
20,460 00 
10,000 00 
26,560 00 
10,534 00 

5,400 00 
11,000 00 
10,000 00 

2,400 00 

5,000 
22,048 

5,000 

7,250 

6,440 
39,960 00 
13,137 00 
12,000 00 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 



$539,607 20 $508,968 00 



236 THE GREENWICH INSURANCE CO. 



" THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y.* 

[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.] 

Paid-up Capital, $200,000. 

MASON A. STONE, President. WALTER B. WARD, ) Assistant Secretaries. 

william adams, ) 

Income. 

Net fire premiums, $1,721,670.33 ; marine, $195,200.23, . $ 1,916,870 56 
Interest on stocks and bonds, 64,473 55 



Total income, $1,981,344 11 

Ledger assets, Dec. 31, 1902, 1,736,614 68 



Total, $3,717,958 79 

Disbursements. 

Net amount paid for fire losses, $982,139.55; marine, $122,- 

460.16, $1,104,599 71 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 431,287 05 

Salaries, fees, etc., of officers and employees, .... 168,657 63 

Rents, .'....■ 18,840 82 

Taxes and fees, 53,959 89 

Profit and loss, 913 08 

All other disbursements, 143,101 20 



Total disbursements, $1,941,359 38 



Balance, $1,776,599 41 



Ledger Assets. 



Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' balances, 
Bills receivable, not matured, . 
Reinsurance due on losses paid, 



$1,352,411 54 

127,397 89 

265,293 27 

7,930 56 

23,566 15 



Total ledger assets, $1,776,599 41 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 11,625 00 

Market value of stock and bonds over book value, . . . 266,998 46 
Commissions on unpaid reinsurance, 6,562 63 



Gross assets, $2,061,785 50 

Assets not admitted. 

Agents* balances over three months due, . $4,547 65 

Reinsurance due on losses paid, ... 18 88 

Total unadmitted assets, .... : 4,566 53 



Total admitted assets, $2,057,218 97 

* Reinsured in the Commercial Union Assurance Co. Feb. 16, 1904, and retired. 



THE GREENWICH INSURANCE CO. 



237 



Liabilities. 

Unpaid losses, including $18,900 resisted, $255,861. 10 ; less 

reinsurance, $35,550.33, $220,310 77 

Unearned premiums on outstanding risks, $1,502,864.35 ; plus 

same on disallowed reinsurance, $13,863.98, . . . 1,516,728 33 

Reclaimable on perpetual fire policies, 931 50 

Salaries and other miscellaneous expenses, due or accrued, . 5,000 00 

Due for reinsurance premiums, 26,250 54 

All liabilities, except capital and surplus, . . . $1,769,221 14 
Surplus to policy holders, .... $287,997 83 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 87,997 83 

Total liabilities, $2,057,218 97 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

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, 1902, 
Marine risks written during 1903, . 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$354,852,455 00 
268,977,346 00 

$623,829,801 00 
277,084,268 00 

$346,745,533 00 
44,532,935 00 

$302,212,598 00 

$50,000 00 

$2,768,972 00 
51,023,296 00 

$53,792,268 00 
50,609,600 00 

$3,182,668 00 
29,500 00 



Premiums. 

$3,051,260 24 
2,457,234 67 

$5,508,494 91 
2,322,247 01 

$3,186,247 90 
487,059 40 

$2,699,188 50 

$1,035 00 

$105,174 75 
211,705 01 

$316,879 76 
202,943 33 

$113,936 43 
1,332 50 



5,153,168 00 $112,603 93 



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 (10 per cent.), 

Company's stock owned by directors, . 



$28,870,170 00 

17,080,862 00 

997,972 00 

128,946 00 

2,248,000 00 

20,000 00 

104,000 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States government bonds, 
District of Columbia bonds, 



Book Value. 

$51,430 36 
107,062 50 



Market Value. 

$49,522 00 
151,250 00 



238 



HANOVER FIRE INSURANCE CO. 



The Central of Georgia R'y Co. bonds, . 

Consolidated Gas Co. of New York stock, 

Rensselaer & Saratoga R.R. Co. stock, . 

The Valley R.R. Co. stock, 

Delaware & Hudson Canal Co. stock, 

N. Y., Lackawanna & Western R.R. Co. stock 

Chicago & Northwestern R'y Co. stock, . 

Chicago, Milwaukee & St. Paul R'y Co. stock 

Morris & Essex R.R. Co. stock, 

Chicago & Alton R'y Co stock, 

Pitts., Cin., Chicago & St. Louis R'y Co. stock 

Pennsylvania R.R. Co. stock, . 

Baltimore & Ohio R.R. Co. stock, 

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

The Hocking Valley R'y Co. stock, . 

Illinois Central R.R. Co. stock, 

Northern Securities Co. stock, . 

Norfolk & Western R'y Co. stock, . 



Book Value. 


Market Value. 


$23,750 00 


$27,125 00 


157,342 75 


273,525 00 


97,288 06 


126,000 00 


40,250 00 


45,500 00 


147,356 25 


167,000 00 


27,750 00 


33,750 00 


59,126 87 


79,900 00 


:, 120,987 50 


132,650 00 


8,750 00 


9,350 00 


38,562 50 


37,750 00 


48,562 50 


50,000 00 


71,513 50 


61,776 00 


71,887 50 


56,000 00 


51,062 50 


45,500 00 


46,400 00 


42,500 00 


71,687 50 


65,937 00 


80,203 75 


135,375 00 


31,437 50 


29,000 00 


$1,352,411 54 


11,619,410 00 



"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. 



Income. 

Net fire premiums, $2,889,233 92 

Interest on mortgage loans, $175 ; collaterals, $12.36 ; stocks 

and bonds, $103,770.67; all other, $8,556.76, . . . 112,514 79 
Rents, including company's own occupancy, .... 29,083 14 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 

Total 



53,030,831 85 
3,226,529 57 

$,257,361 42 



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, $9,079 . 77 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 
All other disbursements, 



,187.42, 



. $1,286,814 72 

100,000 00 

537,872 58 

214,044 27 

16,045 28 

6,416 56 

70,267 19 

5,229 13 

232,697 29 



Total disbursements, 
Balance, 



$2,469,387 02 
$3,787,974 40 



HANOVER FIRE INSURANCE CO. 



239 



Ledger Assets. 

Real estate, $663,354.59; mortgages,* $3,500, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 

Outstanding premiums, city department, 



Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, f 14.58 ; stocks and bonds, $20,385.74, 
Rents due on company's property, .... 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 



Gross assets, 



$666,854 59 

2,539,958 80 

221,791 24 

168,798 32 

190,571 45 

53,787,974 40 



20,400 32 

456 00 

29,631 25 

,210,285 95 

13,895 17 

4,062,643 09 



Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $51,836.11 liab. thereon,. 
Total unadmitted assets, .... 

Total admitted assets, . . 



$586 05 
67,213 89 



67,799 94 
53,994,843 15 



Liabilities. 

Unpaid losses, including $32,238.48 resisted, $359,460.14; 

less reinsurance, $45,938.01, 

Unearned premiums on outstanding risks, .... 
Commissions and other charges due agents and brokers, 
Due for return premiums, $2,275.80 ; reinsurance, $7,607.59, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, , 



,544,413 64 



$313,522 13 

2,088,909 70 

38,114 29 

9,883 39 

^2,450,429 51 

1,000,000 00 
544,413 64 



Total liabilities, $3,994,843 15 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



Premiums. 

$384,336,326 00 $3,855,076 62 
.435,670,860 00 4,253,745 85 



$820,007,186 00 $8,108,822 47 
. 356,419,274 00 3,549,025 75 



$463,587,912 00 $4,559,796 72 
. 55,277,747 00 575,264 54 



$408,310,165 00 $3,984,532 18 



* Value of laud, $2,500; buildings, $5,000; insurance thereon, $3,500. 



240 



HANOVER 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 companj', 

Stock dividends declared from organization of company, 

Dividends declared during the year (10 per cent), 

Company's stock owned by directors, .... 



$43,425,685 00 

24,629,476 00 

1,318,815 00 

3,189,500 00 

100,000 00 

100,000 00 

229,400 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



1,320 shares N. Y. Cent. & Hud. River R.R., 
977 " Chic. & North Western R'y Co., 
100 " Rensselear & Saratoga R.R. Co., 

6,266 " Pennsylvania R.R. Co , 
191 " Syracuse, Bing. & N. Y. R.R. Co. 
500 " CI., Cin., Ch. & St. L. R'y Co., 
645 " Chic, Mil. & St. Paul R'y Co., 
700 " Pitts., McKees. & Youg'y R.R. Co. 
625 " The Great Northern R'y Co., 
500 " Union Pacifier R'y Co., . 
500 " Southern R'y Co., 
200 " Chic. Great Western R'y Co., 
300 " Kas. City, Ft. S. & Mem. R'y Co. 
250 » Norfolk & Western R'y Co., 
150 " Met. St. R'y Co., N. Y. City, 
200 " U. S. Steel Corporation, 
275 " N. Y., N. H. & Hart. R.R. Co., 
150 " Amer. Exchange National Bank, 
75 " Bank of America, . 

United States bonds, .... 

Commonwealth of Massachusetts bonds, 

State of Georgia bonds 

City of New York bonds, .... 

City of Richmond, Va,, bonds, . 

Pennsylvania Co. bonds, .... 

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

Chic, Indianapolis & Louisville R.R. bonds, 

Chic, Mil. & St. Paul R'y Co. bonds, 

Central R.R. of N. J. bonds, 

Brooklyn (N. Y.) City R.R. Co. bonds, . 

Cin., Ind'napolis, St. Louis & Chic R'y Co. b'ds 

Lehigh Valley Terminal R'y Co. bonds, . 

Colum. & Ninth Ave. (N. Y.) R.R. Co. bonds 

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

Erie R.R. Co. bonds, 

N. Y., Susquehanna & Western R.R. Co. b'ds 

Northern Pacific & Great Northern bonds, 

Missouri, Kas. & Texas R^ Co. bonds, . 

St. Louis, Iron Mt & Southern R'y Co. bonds 

Oregon Short Line R.R. Co. bonds, . 

Read. Co. & Phila. & Head. Coal & Iron Co. b'ds 

Missouri Pacific R'y Co. bonds, 

Clev., Cin., Chic & St. Louis R'y Co. bonds, 

Southern R'y Co. bonds, .... 

Northern Pacific R'y Co. bonds, 



Book Value. 

f 144,350 00 
120,059 00 

13,512 
369,983 

27,075 

49,337 

92,862 

48,325 

60,519 

38,437 

46,550 

18,375 

24,787 

23,543 75 

22,112 50 

17,975 

35,656 

16,766 

25,125 

50,131 
110,275 

16,181 
280,714 

54,680 

38,250 

64,537 

14,531 

20,525 

35,800 

28,637 

25,018 

22,600 

11,600 

93,197 

46,500 00 

27,000 00 

50,000 00 

19,725 00 

46,062 50 

23,104 61 

48,455 00 

53,250 

25,000 

29,177 

20,225 



50 
51 

88 
50 
50 
00 
38 
50 
00 
00 
50 



00 
25 
26 
00 
25 
00 
25 
60 
56 
00 
50 
25 
00 
00 
50 
75 
00 
00 
50 



00 
00 
00 
50 



00 
00 
00 
00 
00 
00 



00 
00 
50 
00 



Market Value. 

$157,979 00 
180,090 00 

20,600 00 
372,827 

35,335 

57,500 
112,942 

50,050 00 
115,625 00 

44,500 

39,750 

17,300 

20,700 

22,250 

18,675 

11,700 00 

53,900 00 

33,750 00 

38,625 00 

53,250 00 
106,650 00 

16,150 00 
271,000 00 

55,000 

39,240 

67,875 

19,537 

22,812 

39,225 

27,250 

25,000 00 

22,600 00 

11,500 

92,875 

49,625 

28,062 

46,875 

19,400 

43,437 

23,000 00 

48,875 00 

52,875 00 

24,000 00 

28,687 50 

20,650 00 



00 
00 
00 
50 
50 
00 
00 



00 
00 
00 
50 
00 
00 
50 



HARTFORD FIRE INSURANCE CO. 



241 



Norfolk & Western R'y Co. bonds, . 

Union Pacific R.R. Co. bonds, . 

Lehigh & Wilkes Barre Coal Co. bonds, . 



Book Value. Market Value 

$24,456 25 $24,218 75 

39,850 00 41,350 00 

25,118 75 25,125 00 



12,539,958 80 $2,750,244 75 



"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. 

Income. 

Net fire premiums $10,180,163 69 

Interest on mortgage loans, $37,272.95; collaterals, $240; 

stocks and bonds, $370,034.12 ; all other, $10,171.51, . . 417,718 58 

Rents, . ; 18,755 14 

Profit on sale or maturity of ledger assets, .... 11,950 00 

From all other sources, 54 53 



Total income, 
Ledger assets, Dec. 31, 1902, . 



Total, 



$10,628,641 94 
. 11,319,261 98 

$21,947,903 92 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Real estate taxes, $8,774 . 55 ; other taxes and fees, $244,174 . 87, 
Loss on sale or maturity of ledger assets, .... 

Reinsuring companies, 

All other disbursements, 1,119,145 97 



. $5,023,437 68 

437,500 00 

. 1,842,823 27 

659,377 64 

252,949 42 

50,000 00 

45,477 79 



Total disbursements, $9,430,711 77 



Balance, 



$12,517,192 15 



Ledger Assets. 

Real estate, $900,238.90; mortgages,* $734,369, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 

Printing plant, 



Total ledger assets, 



Interest due and accrued : — 
On mortgages, $9,774.23 ; collateral loans, $47.72, 
Rents accrued on company's property, . 



Non-Ledger Assets. 



$1,634,607 90 

4,800 00 

9,259,717 44 

543,699 17 

1,050,180 32 

24,187 32 

$12,517,192 15 



9,821 95 
1,933 19 






* Value of property, $1,863,000; insurance thereon, $558,200. 



242 



HARTFORD FIRE INSURANCE CO. 



Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Market value of printing plant over book value, . 
Reinsurance due on losses paid, . 



Gross assets, 



140,261 10 

924,157 41 

2,403 61 

6,796 12 

$13,502,565 53 



Assets not admitted. 

Special deposits less $272,862 liability thereon, 

Printing plant, 

Total unadmitted assets, . 



Total admitted assets, 



,784 46 
26,590 93 



108,375 39 
$13,394,190 14 



Liabilities. 

Unpaid losses, including $85,552.39 resisted, . 
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 



$4,657,408 89 



$675,874 77 

8,060,906 48 

^8,736,781 25 

1,250,000 00 

. 3,407,408 89 

$13,394,190 14 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$1,300,425,161 00 $15,553,919 04 
909,470,220 00 12,505,087 56 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$2,209,895,381 00 $28,059,006 60 
899,041,897 00 11,942,148 06 



$1,310,853,484 00 $16,116,858 54 
. 13,385,259 00 186,223 82 



$1,297,468,225 00 $15,930,634 72 



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 (35 per cent ),. 
Company's stock owned by directors, .... 



$143,837,082 00 
83,653,005 00 
4,969,548 00 
11,175,600 00 
950,000 00 
437,500 00 
191,900 00 



Schedule A. 
Securities held as Collateral. 



30 shares Chicago & Northwestern R.R. Co., . 
64 " Billings & Spencer stock, . 



Market Value. 

$6,360 00 
2,048 00 



Loaned Thereon. 

$3,800 00 
1,000 00 



$8,408 00 $4,800 00 



HARTFORD FIRE INSURANCE CO. 



243 



Schedule B. 
Stocks and Bonds owned by the Company. 



315 shares iEtna National Bank, Hartford, 
300 " American National Bank, Hart., 
200 " Charter Oak Nat'l Bank, Hart., 
166 " City Bank, Hartford, . 
100 " Conn. River Banking Co., Hart., 
314 " Conn. Tr. & Safe Dep. Co., Hart., 
122 " Far. & Mech. Nat'l Bank, Hart., 
172 " First National Bank, Hartford, 
556 " Hartford Nat'l Bank, Hartford, 
40 " National Exchange Bank, Hart., 
467 " Phoenix National Bank, Hart., 
100 " State Bank, Hartford, . 
200 " Amer. Exch. Nat'l Bank, N. Y., 
150 " Bank of America, N. Y., 
200 M National Bank of No. Am., N. Y., 
300 " Imp. & Traders' Nat'l B'k, N. Y., 
200 " Manhattan Co. Bank, N. Y., 
334 " Merchants' National Bank, N. Y., 
125 " Nat'l Bank of Commerce, N. Y., 
39 " Atlantic National Bank, Boston, 
125 " Boylston National Bank, Boston, 
32 " National Bank of Com., Boston, 
109 ■• Second National Bank, Boston, 

50 " First National Bank, Albany, 
175 " Bank of Montreal, Montreal, 
43i " Ontario Bank, Toronto, 
847 " Chic, Mil. & St. Paul R.R. Co., 

1,208 " Chic. & Northwestern R.R Co., 

1,000 " Conn. & Pass. River R.R. Co., 
20 " Connecticut River R.R. Co., . 
120 " Connecticut River Co., . 

825 " N. Y. Dock Co 

500 " Northwestern Telegraph Co., 
662 " N. Y. Cent. & Hud. R. R.R. Co., 

2,888 " N. Y., N. H. & Hartford R.R. Co. 
500 " N. Y., Lack. & West. R.R. Co., 
30 " Union Pacific, 

Alabama State bonds, .... 

Georgia State bonds, .... 

U. S. of Mexico External gold bonds, 

Virginia Century bonds, .... 

City of Toronto debenture bonds, . 

Montreal Corporation bonds, . 

Richmond, Va., city bonds, 

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

Baltimore & Ohio R.R. bonds, . 

Belt R.R. and Stock Yards bonds of Indianap. 

Brooklyn Union Elevated bonds, 

Canadian Pacific R.R. bonds, . 

Central Pacific R'y bonds, 

Chesapeake & Ohio R.R. bonds, 

Chicago & Western Indiana R.R. bonds, . 

Chicago & Northwestern R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & Great Western R.R. bonds, 



25 
00 
25 
25 
50 



50 
20 
35 
30 



Book Value. 

$32,780 00 

15,000 00 

20,350 00 

23,964 75 

7,660 00 

37,021 22 

22,161 99 

13,348 50 

63,962 75 

2,400 00 

50,470 

9,695 

21,066 

18,573 

30,781 

30,000 00 

13,129 51 

19,785 17 

14,499 

3,983 

11,935 

4,304 

10,277 71 

8,328 33 

43,964 78 

13,082 18 

84,500 00 

142,218 25 

100,000 00 

2,000 00 

3,000 00 

83,000 00 

25,000 00 

72,463 47 

377,884 69 

57,125 00 

2,964 56 

9,975 00 

25,750 00 

109,726 40 

10,093 12 

60,057 10 

64,821 25 

53,593 75 

25,625 00 

74,125 00 

98,910 00 

100,875 00 

57,750 00 

25,000 00 

412,650 00 

490,292 50 

478,601 25 

57,562 50 

44,810 00 



Market Value. 

$63,000 00 
21,600 00 
22,000 00 
14,940 00 
5,500 00 
86,350 00 
14,884 00 
24,080 00 
76,728 00 
2,600 00 
58,375 00 
14,000 00 
45,000 00 
77,250 00 
44,000 00 

186,000 00 

32,000 00 

30,060 00 

26,875 00 

5,070 00 

13,125 00 

4,800 00 

20,710 00 

5,250 00 

87,500 00 

5,633 33 

134,869 

213,760 

105,000 

5,600 

3,000 00 

37,125 00 

30,750 00 

80,102 00 

571,824 00 

66,500 00 

2,700 00 

10,600 00 

26,500 00 

109,726 
10,185 
60,171 
68,750 
55,125 
25,000 
75,750 
96,600 

101,000 
55,966 
25,000 

405,750 

464,800 00 

478,000 00 
58,000 00 
46,010 00 



00 
00 
00 
00 



40 
00 
46 
00 
00 
00 
00 
00 
00 
66 
00 
00 



244 



HARTFORD FIRE INSURANCE CO. 



Chicago, Milwaukee & St. Paul bonds, . 

Chicago & Erie R.R. bonds, 

Cincinnati, Dayton & Chicago bonds, 

Cincin., Indian., St. Louis & Chic. R.R. bonds 

Cleve., Cin., Chicago & St. Louis bonds, . 

Cleve., Col., Cin. & Indianap. K.R. bonds, 

Central R.R. of New Jersey bonds, . 

Dayton & Michigan R.R. bonds, 

Detroit, Grand Rapids & Western bonds, 

Easton & Amboy R.R. bonds, . 

Elgin, Joliet & Eastern R.R. bonds, 

Erie R.R. bonds, . . , . 

Grand Rapids & Indiana R.R. bonds, 

Hartford Street R'y Co. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Internat'l & Gt. Northern R.R. bonds, 

Iowa Falls & Sioux City R.R. bonds, 

Jefferson R.R. bonds, .... 

Lehigh Valley R.R. bonds, 

Lehigh Valley R.R. of N. Y. bonds, . 

Long Island R.R. Unified Mort. gold bonds, 

Louisville & Nashville R.R. bonds, . 

Missouri, Kansas & Eastern R.R. bonds, . 

Missouri Pacific R.R. bonds, 

Nashville, Chatta. & St. Louis R.R. bonds, 

Minneapolis Union R.R. bonds, 

Mil., Lake Shore & Western R.R. bonds, 

North. Pacific, Gt. North., C. B. & Q. bonds, 

Northern Pacific R.R. bonds, . 

No. Pacific, St. Paul & Duluth Div., P. M. b'ds 

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

New York Dock Co. bonds, 

Philadelphia & Reading R.R. bonds, 

Port Reading R.R. bonds, .... 

Reading Co. bonds, 

St. Paul & Northern Pacific R.R. bonds, . 
St. Lo., Iron Mt. & Southern R.R. bonds, 
St. Louis & San Francisco bonds, 
St Louis Southern R.R. bonds, 
Southern Pacific R.R. of California bonds, 
Southern R'y Co., St. Louis Division, bonds, 
Savannah, Florida & Western R.R. bonds, 
Terminal R'y Asso. of St. Louis bonds, 
Union Pacific R.R, bonds, 
Utah & Northern R.R. bonds, . 
Wabash R.R. bonds, . 
Western Maryland bonds, 
West Shore R.R. bonds, . 



90 
00 
25 
00 



Book Value. 

$ 63,852 50 

108,150 00 

51,000 00 

130,260 00 

254,077 50 

9,925 00 

296,493 75 

64,050 00 

41,443 

164,125 

287,726 

197,500 

22,000 00 

103,000 00 

92,054 80 

240,527 50 

131,938 75 

183,677 50 

357,574 75 

151,840 00 

59,400 00 

299,535 00 

50,407 50 

116,533 33 

33,903 75 

52,633 33 

55,180 00 

125,550 25 

68,125 25 

100,500 00 

111,500 00 

83,250 00 

76,875 00 

50,750 00 

29,400 00 

91,682 50 

203,320 00 

54,875 00 

65,405 00 

106,000 00 

149,250 00 

125,000 00 

132,312 50 

72,187 50 

60,750 00 

115,325 00 

22,875 00 

103,125 00 



Market Value. 

|60,000 00 

119,000 00 

51,000 00 

117,000 00 

271,400 00 

9,840 00 

343,200 00 

63,000 00 

40,180 00 

165,000 00 

288,540 00 

198,000 00 

22,100 00 

108,000 00 

85,800 00 

240,000 00 

130,000 00 

180,250 00 

369,550 00 

162,000 00 

60,000 00 

305,180 00 

50,290 00 

119,000 00 

34,720 00 

62,500 00 

61,000 00 

187,000 00 

82,400 00 

99,000 00 

110,625 00 

75,075 00 

93,750 00 

54,500 00 

29,100 00 

107,500 00 

199,000 00 

57,500 00 

66,880 00 

107,000 00 

145,500 00 

126,000 00 

132,500 00 

77,250 00 

55,500 00 

117,500 00 

23,250 00 

109,000 00 



>,259,717 44 $10,183,874 85 



HOME INSURANCE CO. 245 



"HOME INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 13, 1853. Commenced business April 13, 1853.] 
Paid-up Capital, $3,000,000. 

JOHN H. WASHBURN, President. A ' M " BURTIS » j Secretaries. 

wm. h. cheney, ) 

Income. 

Net fire premiums, $7,813,758.91 ; marine, $262,361.10, . $8,076,120 01 
Interest on mortgage loans, $6,159.29; stocks and bonds, 

$521,062.62; allother, $13,427.32 540,649 23 

Rents, including company's own occupancy, .... 168,400 33 
Profit on sale or maturity of ledger assets, .... 52,504 00 
Profit and loss, 6,212 71 



Total income, $8,843,886 28 

Ledger assets, Dec. 31, 1902, 15,144,215 12 



Total $23,988,101 40 

Disbursements. 

Net amount paid for fire losses, $3,590,428.23 ; marine, $190,- 

791.36 '. . . . . $3,781,219 59 

Interest and dividends to stockholders, 420,000 00 

Commissions or brokerage, 1,496,944 33 

Salaries, fees, etc., of officers and employees, .... 484,480 20 

Rents, including company's own occupancy, . . . 72,100 80 

Repairs and expenses on real estate, 39,926 86 

Real estate taxes, $20,536.17; other taxes and fees, $191,- 

377.12, 211,913 29 

Loss on sale or maturity of ledger assets, .... 11,500 00 

Profit and loss, 32,090 28 

All other disbursements 532,149 69 

Total disbursements, $7,082,325 04 

Balance, $16,905,776 36 



Ledger Assets.* 

Real estate, $1,593,892.06; mortgages,! $91,200, 
Stocks and bonds (schedule A), 

Cash in banks, 

Agents' balances, 

Bills receivable, not matured, .... 
Counter and office premiums uncollected, 



$1,685,092 06 

13,038,431 40 

1,173,763 90 

569,465 52 

520 13 

438,503 35 



Total ledger assets, $16,905,776 36 

* The company holds also instalment premium notes to the amount of $1,151,847.56, which 
do not enter into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by 
the addition of an amount exactly equal to the reinsurance liability, the entire sum con- 
sisting of " unearned premiums." 

t Value of land, $122,350; buildings, $105,950; insurance thereon, $94,850. 



246 



HOME INSURANCE CO. 



Non-Ledger Assets. 

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

Gross assets,* 



$1,971 50 
. 1,138,578 60 

$18,046,326 46 



Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $285,736.10 liab. thereon, 
Total unadmitted assets, . 



Total admitted assets, 



$5,532 47 
7,263 90 



12,796 37 
$18,033,530 09 



Liabilities. 

Unpaid losses, including $52,819.37 resisted, $1,755,777.11 ; 

less reinsurance, $776,705.46, $979,07165 

Unearned premiums on outstanding risks, .... 6,587,613 00 

Commissions and other charges due agents and brokers, . 83,149 56 

Due for reinsurance premiums, 731,208 29 

Reserve for taxes, 85,000 00 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



. $8,466,042 50 



1,567,487 59 



3,000,000 00 
. 6,567,487 59 

$18,033,530 09 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$1,293,947,469 00 $13,071,500 00 
1,169,755,221 00 11,911,865 48 



Total,. 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$2,463,702,690 00 $24,983,365 48 
1,015,911,715 00 10,354,43148 



$1,447,790,975 00 $14,628,934 00 
255,371,259 00 2,225,493 00 



$1,192,419,716 00 $12,403,441 00 

.$19,013,454 00 $518,023 00 
. 61,705,910 00 540,467 76 



.$80,719,364 00 $1,058,490 76 
. 63,692,531 00 613,176 76 



.$17,026,833 00 $445,314 00 
. 5,756,021 00 149,233 00 



.$11,270,812 00 $296,081 00 



* Including $1,500,000 special reserve held under New York laws. 



HOME INSURANCE CO. 



247 



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 (14 per cent.), 

Company's stock owned by directors, .... 



$155,173,131 00 

89,694,792 00 

3,947,145 00 

220,034 00 

12,445,000 00 

1,000,000 00 

420,000 00 
192,200 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



20,000 shares Pennsylvania R.R. Co., 
5,000 " Morris & Essex R.R. Co., . 

5,000 " Reading Co 

5,000 " Southern R'y Co., 
3,000 " Baltimore & Ohio R.R. Co., 
3,000 " Manhattan R 1 y Co., . 
2,650 " United N. J. R.R. & Canal Co., 
2,500 " Pitts , Ft. Wayne & Chic. R'y Co. 
2,000 " Baltimore & Ohio R.R., 
2,000 " Cleveland & Pittsburg R.R. Co. 
2,200 " N. Y., N. H. & Hart. R.R. Co., 
2,200 " Consolidated Gas Co. of N. Y., 
1,000 " N. Y. Cent. & Hud. R. R.R. Co., 
1,000 " Ch , St. P'l, Minn. & Om. R'y Co. 
1,000 " Ft. Wayne & Jackson R.R. Co., 
1,000 " Rensselaer & Saratoga R.R., 
1,000 " Connecticut River R.R. Co., 
1,000 " Chic. & Northwestern R'y Co., 
1,000 " Northern R.R. of N. J., " . 

1,000 " Valley R.R. Co 

1,000 " Atch., Topeka & Santa Fe R'y, 
1,000 " Union Pacific R.R , . 
1,000 " Chicago., Mil. & St. Paul R'y, 
1,000 " Illinois Central R.R. Co., . 
500 " Chic. & Northwestern R'y Co., 
200 " Am. Ex. Nat'l Bank of N. Y., 
200 " Fourth National Bank of N. Y., 
200 " Manhattan Co., N. Y., 
200 " Nassau Bank, 
200 " Chatham Nat'l Bank of N. Y., 
100 " Bank of America, N. Y., . 
200 " Franklin Trust Co., Brooklyn, 
50 " Metropolitan Trust Co., 
150 " Long Island Loan and Trust Co. 
200 " Van Norden Trust Co., 
District of Columbia bonds, 
United States bonds, . . 
New York City bonds, .... 
City of Richmond, Va., bonds, . 
City of Rochester, N. Y., bonds, 
New York State bonds, .... 
Commonwealth of Mass. bonds, 
State of Georgia bonds, .... 



50 
12 
00 
00 



Book Value. 

$1,212,550 00 

405,631 56 

214,256 25 

390,000 00 

236,861 25 

417,587 50 

630,527 86 

419,014 00 

210,307 50 

187,122 22 

465,815 

473,253 

154,125 

95,725 

89,833 00 

177,000 00 

249,264 00 

165,125 00 

93,000 00 

130,000 00 

77,700 00 

79,125 00 

141,550 00 

129,812 50 

73,818 75 

22,106 25 

29,885 01 

15,997 50 

15,229 

8,190 

20,247 

27,125 

9,125 

31,600 00 

46,950 O'O 

1,000,000 00 

600,000 00 

2,800,000 .00 

50,000 00 

100,000 00 

165,000 00 

49,391 06 

25,000 00 



37 
00 
12 

00 
00 



Market Value. 

$1,180,000 00 

462,500 00 

192,500 00 

395,000 00 

267,000 00 

432,000 00 

728,750 00 

457,500 00 

158,000 00 

185,000 00 

429,000 00 

426,800 00 

119,000 00 

180,000 00 

140,000 00 

200,000 00 

270,000 00 

210,000 00 

95,000 00 

128,000 00 

90,000 00 

89,000 00 

146,000 00 

131,000 00 

84,000 00 

43,000 00 

40,000 00 

30,500 00 

17,000 00 

15,500 00 

50,000 00 

64,000 00 

28,000 00 

41,250 00 

42,000 00 

1,210,000 00 

801,000 00 

2,784,000 00 

56,000 00 

100,000 00 

166,650 00 

48,000 00 

25,000 00 



248 HOME FIRE INSURANCE CO. OF BALTIMORE. 

Book Value. Market Value* 

U. S. of Mexico bonds, $19,78193 $18,000 00 

Northern Pacific, Gt. Northern joint bonds, . 124,877 50 372,000 00 

Pennsylvania R.R. bonds, 200,000 00 190,000 00 

New York, Chicago & St. Lo. R.R. Co. bonds, . 112,000 00 115,360 00 

Ohio & West Virginia R'y Co. bonds, . . 100,000 00 112,000 0G 

Cleve., Col., Cin. & Indianapolis R.R. bonds, . 100,000 00 121,000 00 

Louisville, New Albany & Chicago R'y bonds, 100,000 00 110,000 00 

West Shore R'y bonds, . . . ' . . 100,000 00 107,000 00 

Jeffersonville, Mad. & Indianap. R.R. Co. b'ds, 42,000 00 46,200 00 

Virginia Midland R\y Co. bonds, . . . 39,778 75 56,000 00 

Cleve. Terminal & Valley R.R. Co. bonds, . 50,000 00 50,000 00 

Louisville, Henderson & St. Lo. R'y Co. bonds, 20,000 00 25,500 00 

Union Pacific R.R. bonds, 95,141 90 96,000 00 



$13,038,431 40 $14,177,010 00 



"HOME FIRE INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD.* 

[Incorporated January, 1867. Commenced business July, 1867.] 

Paid-up Capital, $200,000. 

G. HARLAN WILLIAMS, President. HOWARD T. WILLIAMS, Secretary. 

Income. 

Net fire premiums, $257,841 46 

Interest on mortgage loans, $420 ; collaterals, $655 . 74 ; stocks 

and bonds, $15,031.83, 16,107 57 

Total income, .... .... $273,949 03 

Ledger assets, Dec. 31, 1902, 431,758 35 

Total, $705,707 38 

Disbursements. 

Net amount paid for fire losses, $124,503 19 

Deposit premiums returned, ........ 137 50 

Interest and dividends to stockholders, 16,068 20 

Commissions or brokerage, 68,101 70 

Salaries, fees, etc., of officers and employees, .... 13,755 32 

Rents, including company's own occupancy, .... 1,636 00 

Taxes and fees, 8,076 23 

Loss on sale or maturity of ledger assets, .... 1,420 00 

All other disbursements, 7,789 42 

Total disbursements, $241,487 56 

Balance, $464,219 82 

Ledger Assets. 

Mortgages,! \ $9,000 00 

Loans secured by collateral (schedule A), .... 5,55000 

* On account of losses sustained in Baltimore fire the company's affairs are being closed 
up by a receiver, 
t Value of land, $9,000; buildings, $12,000; insurance thereon, $9,000. 



HOME FIRE INSURANCE CO. OF BALTIMORE. 



249 



Stocks and bonds (schedule B), 
Cash in banks and office, . 
Agents' balances, 



$405,090 37 
16,512 10 
28,067 35 



Total ledger assets, $464,219 82 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $56.25 ; stocks and bonds, $3,087, . 
Market value of stocks and bonds over book value, 



Gross assets, 



3,143 25 
26,052 13 

$493,415 20 



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

Total admitted assets, .... 



303 06 



. $493,112 14 



Liabilities. 

Unpaid losses, . 

Unearned premiums on outstanding risks, $175,588.38 ; plus 
same on disallowed reinsurance, $6.40, 

Reclaimable on perpetual fire policies, 

Dividends due stockholders, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $287,685 69 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



Total liabilities, 



$26,841 40 

175,594 78 

2,049 87 

940 40 

$205,426 45 

200,000 00 

87,685 69 



3,112 14 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, 

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



Net amount in force, 
Perpetual risks in force (not included above), 



. $25,302,982 00 

. 25,727,632 00 

.$51,030,614 00 

. 21,947,969 00 

. $29,082,645 00 

. 2,089,611 00 

. $26,993,034 00 

$85,700 00 



Premiums. 

$299,300 79 
320,726 17 

$620,026 96 
260,819 16 

$359,207 80 
26,908 84 

$332,298 96 
$2,295 25 



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, . . . 



?,120,002 00 

998,749 00 

128,587 00 

379,000 00 

16,000 00 

36,890 00 



250 



HOME FIRE AND MARINE INSURANCE CO. 



Schedule A. 
Securities held as Collateral. 



20 shares Maryland Life Ins. Co., . 
Gottli'b-Bauernschmidt-Strauss Brew. Co. b'ds, 
Charleston City R'y Co. bonds, 
Mt. Vernon & Woodb'rry Cotton Duck Co. b'ds, 



Schedule B. 



Market Value. 

$600 00 

640 00 

2,100 00 

2,800 00 



} 



Loaned Thereon. 

$550 00 
5,000 00 



$6,140 00 $5,550 00 



Stocks and Bonds owned by the Company. 



Georgia & Alabama R'y Co. bonds, . 
Texas & Pacific R'y Co. bonds, 
United R'ys & Electric Co. bonds, . 
Atlantic Coast Line bonds, 
Carolina Central R'y Co. bonds, 
New Orleans Gas Light Co. bonds, . 
Central of Georgia R'y Co. bonds, . 
Georgia, Carolina & Northern R'y Co. bonds, 
Virginia Midland R'y Co. bonds, 
Georgia Pacific R'y Co. bonds, . . . 
Frederick city bonds, .... 
Baltimore Traction Co. bonds, . 

36 shares Safe Deposit & Trust Co., 
250 " Citizens' Nat'l Bank, Bait., . 
170 " Maryland Life Ins. Co., . 

55 " First National Bank, Bait., 
160 " Farmers' & Merchants' Nat'l B'k, 

5 " Southern R'y, .... 
223 " Western Nat'l B'k, Bait., 
116 " National Bank, Bait., 

50 " Com. & Farmers' Nat'l Bank, 
200 " National Bank of Commerce, . 
Baltimore city stock, .... 



Book Value. 

$15,742 50 



00 
50 
00 
00 
00 
00 
25 
88 
50 



11,475 
23,617 
13,695 

1,800 

5,225 

1,760 
15,721 
12,839 
11,137 
10,050 00 

6,320 00 

5,400 

4,712 

3,609 

6,185 

8,900 00 
450 00 

7,183 75 
16,383 50 

5,982 00 

3,100 00 
213,800 58 



00 
50 
16 
25 



Market Value. 

$16,050 00 
11,625 00 
22,875 
13,987 

1,850 

5,100 

3,350 
16,350 
16,800 
12,350 00 
10,700 00 

7,080 00 
15,480 00 

7,250 

5,100 

8,250 

11,120 

395 

8,920 
12,992 

2,500 

5,600 
215,418 



00 
50 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$405,090 37 $431,142 50 



"HOME FIRE AND MARINE INSURANCE COMPANY OF 
CALIFORNIA," SAN FRANCISCO, CAL. 

[Incorporated September, 1864. Commenced business 1864.] 

Paid-up Capital, $300,000. 

WM. J. DUTTON, President. FRANKLIN BANGS, Secretary. 

Income. 

Net fire premiums, $948,960.71 ; marine, $50,452.30, . . $999,413 01 
Interest on mortgage loans, $9,786.39 ; collaterals, $444.65; 

stocks and bonds, $40,434.35; all other, $2,202.75, . . 52,868 14 

Rents 4,968 90 

Profit on sale or maturity of ledger assets, .... 5,681 00 

Profit and loss, \ 2,326 09 

Total income, $1,065,257 14 

Ledger assets, Dec. 31, 1902, 1,374,206 74 

Total, $2,439,463 88 



HOME FIRE AND MARINE INSURANCE CO. 



251 



Disbursements. 

Net amount paid for fire losses, $463,761.12; marine, 

975.44, '. $504,736 56 

Interest and dividends to stockholders, 36,000 00 

Commissions or brokerage, 213,236 59 

Salaries, fees, etc., of officers and employees, . . . . 112,351 62 

Rents, 3,600 00 

Repairs and expenses on real estate, 539 90 

Real estate taxes, $4,469 . 25 ; other taxes and fees, $18,019 . 18, 22,488 43 

Loss on sale or maturity of ledger assets, . . • . . 1,758 81 

Profit and loss, . 11,343 66 

All other disbursements, 40,094 03 

Total disbursements, $946,149 60 

Balance, $1,493,314 28 



Ledger Assets. 

Real estate, $105,000 ; mortgages,* $177,180, . 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 

Bills receivable, not matured, .... 

Total ledger assets, 



$282,180 00 

15,050 00 

922,193 21 

100,833 35 

166,091 95 

6,965 77 

$1,493,314 28 



Non-Ledger Assets. 

Interest due and accrued on mortgages, . 
All other, 



1,395 50 
1,125 67 



Gross assets, $1,495,835 45 



Assets not admitted. 

Agents' balances over three months due, . $8,437 17 

Special deposits less $30,581.03 liab. thereon, . 20,818 97 

Depreciation in book value of stocks and bonds, 17,702 21 

Total unadmitted assets, .... 

Total admitted assets, 



46,958 35 
,448,877 10 



Liabilities. 

Unpaid losses, including $5,350 resisted, $71,750.38; less 
reinsurance, $12,267.49, 

Unearned premiums on outstanding risks, $702,672.34; plus 
same on disallowed reinsurance, $14,598.10, 

Due for reinsurance premiums, 



$59,482 89 

717,270 44 

7,504 51 

$784,257 84 

300,000 00 

364,619 26 

Total liabilities, $1,448,877 10 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$664,619 26 



* Value of land, $335,400; buildings $179,600; insurance thereon, $82,500. 



252 



HOME FIRE AND MARINE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



.$92,628,277 00 
. 95,295,545 00 

$187,923,822 00 
. 78,679,023 00 

$109,244,799 00 
. 14,278,266 00 



Premiums. 

$1,278,745 83 
1,404,284 91 

$2,683,030 74 
1,143,730 40 

1,539,300 34 
219,259 17 



.$94,966,533 00 $1,320,041 17 



$959,684 00 
5,686,373 00 

^6,646,057 00 
5,922,498 00 

$723,559 00 
85,530 00 



$46,732 84 
65,252 92 

$111,985 76 
75,809 22 

$36,176 54 
4,661 14 



$638,029 00 $31,515 40 



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, . 



$13,685,960 00 

6,434,699 00 

474,563 00 

43,207 00 

1,164,500 00 

36,000 00 

1,400 00 



Schedule A. 
Securities held as Collateral. 



Market Value. Loaned Thereon. 



5 shares San Francisco Gas & Elec. stock, 
800 " Contra Costa Water Co. stock, 
40 " Spring Valley Water Co. stock, 
San Francisco & Joaquin Valley R.R. bonds, 
40 shares Spring Valley Water Co. stock, 



Schedule B. 



$325 00 
12,000 00 
1,560 00 
9,360 00 
1,560 00 



Stocks and Bonds owned by the Company. 



Republic of Hawaii bonds, 

Keswick Electric Power Co. bonds, 

Contra Costa Water Co. bonds, 

Oakland Transit bonds, 

Pacific Gas Improvement Co. bonds 

City of Baker, Ore., water bonds, 

School District 5, Baker City, Ore., bonds, 

Oakland Gas Light & Heat Co. bonds, 



Book Value. 

$9,533 00 
10,000 00 

1,107 50 
23,762 50 

2,902 50 
17,850 00 

3,150 00 
15,447 50 



$200 
7,500 
1,000 
5,200 
1,150 



00 
00 
00 
00 
00 



$24,805 00 $15,050 00 



Market Value. 

$9,800 00 
10,250 

1,000 
22,850 

2,925 
17,680 

3,120 
15,050 



00 
00 
00 
00 
00 
00 
00 



HOPE MUTUAL FIRE INSURANCE CO. 



253 



Dalles City Water Co bonds, . 
Market St. R'y Co. bonds, 
American-Hawaiian Steamship Co. bonds, 
Los Angeles R'y Co. of Cal. bonds, . 
San Francisco Dry Dock Co. bonds, . 
Bay Counties Power Co. bonds, 
The Omnibus Cable Co. bonds, 
San Francisco & North Pacific R.R. Co bonds, 
San Fran. & San Joaquin Valley R.R. Co. b'ds, 
Northern R'y Co. of Cal. bonds, 
Southern Pacific Branch R.R. bonds, 
North Pacific Coast R.R. Co. bonds,. 
Nevada County Electric Power Co. bonds, 
Sunset Tel. & Telegraph Co. of Cal. bonds, 
S. P. R.R. Co. of Cal. bonds, . 
Pacific Electric R'y Co. bonds, . 
Sierra R'y Co. bonds, 
Spring Valley Water Works bonds, 
United States bonds, . 
50 shares Farm. & Mer. Sav. Bank, Oak., Cal., 



70 
20 
490 
100 
300 
89 
245 
100 
233 
230 



Bank of California, San Francisco, 
First Nat'l Bank, San Francisco, 
San Fran. G. & Elec. Co., San Fran., 
San Jose Water Co., San Jose, Cal., 
Spring Val. W. Works, San Fran., . 
Cal. St. Cable R.R. Co., San Fran., . 
Anglo-Cal. Bank, lim , San Fran., . 
Presidio & Fer. R.R. Co., S. Fran., . 
Marin Co. Water Co., San. Fran., . 
Pac. States Tel. & Telegraph Co., . 



Book Value. 

$10,850 00 
50,110 00 
10,000 00 
60,990 00 
22,000 00 
32,255 00 
12,581 25 
35,728 00 
48,772 00 
16,188 00 
52,895 00 
46,577 50 
29,965 00 
57,536 11 
80,436 25 

9,600 00 
11,200 00 

1,060 00 
66,625 00 

5,500 00 
28,024 00 

3,800 00 
46,274 

9,170 
14,757 
11,979 
22,664 15 

2,500 00 
14,351 25 
24,050 00 



70 
00 
50 
50 



Market Value. 

f 10,600 00 
49,720 00 
10,500 00 
58,500 00 
22,300 00 
30,300 00 
12,000 00 
35,840 00 
47,970 00 
15,350 00 
49,780 00 
46,225 00 
29,250 00 
55,425 00 
78,940 00 

9,630 00 
11,000 00 

1,060 00 
66,625 00 

7,500 00 
31,500 00 

8,000 00 
31,605 00 
10,500 00 
11,625 00 
17,800 00 
20,825 00 

4,000 00 
14,446 00 
23,000 00 



$922,193 21 $904,491 00 



''HOPE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated March, 1875. Commenced business April, 1875.] 
ROWLAND G. HAZARD, President. JOSEPH T. DAY, Secretary. 

Income. 

Net premiums, $262,338.17; extra premiums, $1,588.79, . $263,926 96 
Interest on mortgage loans, $400; stocks and bonds, $10,304. 25, 10,704 25 
From all other sources, 10 80 



Total income, $274,642 01 

Ledger assets, Dec. 31, 1902, 203,849 37 



Total, $478,491 38 



Disbursements. 

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

Rents, 

Taxes and fees, 



$9,694 01 

209,238 55 

10,580 97 

732 25 

4,967 00 



254 



HOPE MUTUAL FIRE INSURANCE CO. 



Prepaid premiums, . 

Inspections, 

All other disbursements, . 



Total disbursements, 
Balance, 



$ 1,592 76 
5,001 88 
1,688 25 

$243,495 67 

$234,995 71 



Ledger Assets 



Mortgages,* .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Premiums in course of collection, 
Cash loans, .... 

Total ledger assets, . 



$8,000 00 

149,218 58 

36,305 12 

9,080 85 

32,391 16 

$234,995 71 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $100; stocks and bonds, $1,220.40; other 

assets, $449.06 1,769 46 

Market value of stocks and bonds over book value, . . 40,689 42 



Gross assets, 



$277,454 59 



Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes, 



$1,197 57 

133,817 03 

4,939 45 



All liabilities, except surplus, $139,954 05 

Surplus, 137,500 54 



Total liabilities, $277,454 59 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $27,775,897 00 $247,391 58 $1,236,957 90 

Risks written during 1903, . 32,182,871 00 279,989 21 1,399,946 05 



Total $59,958,768 00 $527,380 79 $2,636,903 95 

Risks expired and terminated, . 30,460,647 00 259,746 73 1,298,733 65 



In force at end of year, 



.$29,498,121 00 $267,634 06 $1,338,170 30 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 86.15 per cent. 



$8,240 00 



* Value of property, $22,260; insurance thereon, $6,000. 



INDEMNITY FIRE INSURANCE CO. 



255 



Schedule A. 
Stocks and Bonds owned by the Company. 



N. Y., West Shore & Buffalo R.R. bonds, 
Northern Pacific-Gt. Northern R'y bonds 
230 shares Chicago & Northwestern R.R 



148£ 

500 

150 

70 

125 

100 

50 

60 

50 



Chic., Rock Isl. & Pacific R.R 
Pennsylvania R.R., . 
Illinois Central R.R., 
Rensselaer & Saratoga R.R , 
United Gas & Electric Co., 
Manhattan R'y Co., . 
N. Y. Cent. & Hudson R. R.R. 
Oswego & Syracuse R.R., 
Union Pacific R.R , . 



Book Value. 

$2,000 00 

13,100 00 

23,900 00 

10,650 00 

31,587 33 

15,562 50 

12,827 50 

10,000 00 

13,343 75 

5,781 25 

6,960 00 

3,506 25 



Market Value. 

$2,180 00 

20,680 00 

38,870 00 

25,988 00 

29,750 00 

15,900 00 

14,490 00 

10,750 00 

14,400 00 

5,950 00 

6,900 00 

4,050 00 



$149,218 58 $189,908 00 



"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. ^ ^ ANTHONY \ Secretaries. 

Income. 

Net fire premiums, $275,824 22 

Interest on stocks and bonds, 12,366 80 

Total income, ' $288,191 02 

Ledger assets, Dec. 31, 1902, 410,029 52 

Total, $698,220 54 

Disbursements. 

Net amount paid for fire losses, $148,413 08 

Commissions or brokerage, 60,950 90 

Salaries, fees, etc., of officers and employees, .... 22,118 97 

Rents, 2,176 13 

Taxes and fees 8,133 52 

All other disbursements, 11,739 72 

Total disbursements, $253,532 32 

Balance, $444,688 22 

Ledger Assets. 

Stocks and bonds (schedule A), $382,206 25 

Cash in banks and office, 38,207 98 

Agents' balances, . 24,273 99 

Total ledger assets, $444,688 22 



256 



INDEMNITY FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, 

All other, 



Gross assets, 



$2,575 00 

3,758 75 

632 11 

$451,654 08 



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



Total admitted assets, 



Liabilities. 



Unpaid losses, including $1,125 resisted, $28,296.83 ; less re- 
insurance, $4,598.05, 

Unearned premiums on outstanding risks, .... 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $1,749. 84; reinsurance, $1,512.38, . 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $250,874 61 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



1,492 56 
$450,161 52 



$23,698 78 
168,330 71 

3,327 30 
• 667 90 

3,262 22 

$199,286 91 

200,000 00 
50,874 61 



Total liabilities, $450,161 52 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1902, . .$25,478,79100 $324,543 09 



Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



. 29,473,788 00 403,628 36 



. $54,952,579 00 $728,171 45 
. 23,758,870 00 321,336 91 



$31,193,709 00 $406,834 54 
5,918,479 00 83,116 54 



.$25,275,230 00 $323,718 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, 

Oregon Short Line & Participating bonds, 

New York city loan 

State of New York Canal Improvem't loan, 



Book. Value. 

$100,000 00 

5,400 00 

100,093 75 

26,062 50 



$930,349 00 

479,492 00 

147,518 00 

3,500 00 



Market Value. 

$106,375 00 

5,415 00 

91,968 75 

25,218 75 



THE INDIANAPOLIS FIRE INSURANCE CO. 257 



Allegheny & Western R'y Co. stock, 
Southwestern R.R. Co. of Georgia stock, 
Twin City Rapid Transit R'y Co. stock, . 
Union Pacific R.R. Co. stock, . 
Norfolk & Western R'y Co. stock, . 
Chicago & Eastern Illinois R.R. Co. stock, 
Kan. City, Ft. Scott & Memphis R'y Co. stock 
Underwriters' Salvage Co. of N. Y. stock, 
Southern R'y Co., Mobile & Ohio stock, . 



Book Value. 


Market Value. 


$28,675 00 


|29,600 00 


10,600 00 


11,800 00 


11,812 50 


15,500 00 


32,850 00 


35,600 00 


27,037 50 


26,400 00 


13,700 00 


12,087 50 


7,975 00 


6,800 00 


1,000 00 


1,000 00 


17,000 00 


18,200 00 


$382,206 25 


$385,965 00 



"THE INDIANAPOLIS FIRE INSURANCE COMPANY," 
INDIANAPOLIS, IND. 

[Incorporated July 12, 1899. Commenced business Sept. 1, 1899 ] 

Paid-up Capital, $200,000. 

JOHN H. HOLLIDAY, President. H. C. MARTIN, Secretary. 

Income. 

Net fire premiums, f 251,734 26 

Interest on mortgage loans, $12,764.69 ; bonds, $3,343. 12 ; all 

other, $196.12, 16,303 93 

From all other sources, 7 91 

Total income, $268,046 10 

Ledger assets, Dec. 31, 1902, 426,617 08 

Total, |694,663 18 

Disbursements. 

Net amount paid for fire losses, $115,930 10 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, 56,961 13 

Salaries, fees, etc., of officers and employees, . . . '. 18,184 16 

Rents 1,079 96 

Taxes and fees, 7,337 07 

Loss on sale or maturity of ledger assets, . . . . 715 07 

All other disbursements, 12,888 38 

Total disbursements, $225,095 87 

Balance $469,567 31 

Ledger Assets. 

Mortgages,* $293,130 00 

Bonds (schedule A), 126,218 24 

Cash in banks and office, 11,786 25 

Agents 1 balances, 24,680 55 

Reinsurance premiums, 10,037 76 

All other ledger assets, 3,714 51 

Total ledger assets, $469,567 31 

* Value of land, $575,220; buildings, $282,740; insurance thereon, $153,355. 



258 



THE INDIANAPOLIS FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages $ 4,402. 72; bonds, $1,258.42; other assets, 

$99.85, 

Furniture, fixtures and safes, 



Gross assets, 



$5,760 49 
7,229 80 

$482,557 60 



Assets not admitted. 

Furniture, fixtures and safes, .... $7,229 80 

Agents 1 balances over three months due, . 1,088 56 

Depreciation in book value of bonds, . . 1,269 19 

Reinsurance due from unauthorized companies, 4,938 16 

Total unadmitted assets, .... 

Total admitted assets, 



14,525 71 
$468,031 89 



Liabilities. 

Unpaid losses, including $400 resisted, $17,093.44 ; less .rein- 
surance, $1,482.44, . ... $15,611 00 

Unearned premiums on outstanding risks, $161,005.92; plus 

same on disallowed reinsurance, $1,282.82, . . . . 162,288 74 

Due for reinsurance premiums, 1,156 36 

All liabilities, except capital and surplus, . . . $179,056 10 
Surplus to policy holders, .... $288,975 79 

Paid-up capital, ; 200,000 00 

Surplus over capital and general liabilities, .... 88,975 79 

Total liabilities, $468,031 89 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

.$17,571,622 00 $253,082 89 
. 21,639,779 00 327,989 50 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



.$39,211,401 00 $581,072 39 
. 17,201,568 00 257,469 87 



. $22,009,833 00 $323,602 52 
. 1,314,345 00 19,134 71 



. $20,695,488 00 $304,467 81 



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, .... 



$681,831 00 

268,096 00 

117,325 00 

22,000 00 

12,000 00 

18,550 00 



THE INSURANCE CO. OF NORTH AMERICA. 



259 



Schedule A. 

Bonds owned by the Company. 



United States bonds, . 
Shelby County, Ind., bonds, 
Anderson, Ind , city bonds, 
Vincennes, Ind., city bonds, 
Brazil, Ind., city bonds, 
Irvington, Ind., city bonds, 
Helena, Mont., bonds, 
Terre Haute, Ind., bonds, . 



Book Value. 


Market Value. 


$ 52,981 25 


$52,625 00 


10,926 49 


10,565 00 


26,859 58 


26,377 05 


11,628 00 


11,421 30 


3,065 70 


3,135 90 


8,205 12 


8,324 80 


2,552 10 


2,500 00 


10,000 00 


10,000 00 


$126,218 24 


$124,949 05 



"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. 

Income. 

Net fire premiums, $4,994,034.80 ; marine, $1,819,199.63, . $6,813,234 43 

Deposit premiums on perpetual risks, 24,077 46 

Interest on mortgage loans, $55,733.82; collaterals, $27,- 

873. 75; stocks and bonds, $269,075. 94; all other, $19,070. 81, 371,754 32 

Rents, including company's own occupancy, .... 37,973 09 

Profit on sale or maturity of ledger assets, .... 7,796 80 

From all other sources, 2,877 36 

Total income, $7,257,713 46 

Ledger assets, Dec. 31, 1902, 10,326,645 63 

Total, $17,584,359 09 



Disbursements. 

Net amount paid for fire losses, $2,489,502.70; marine, 

$1,368,922.07 

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, $9,610.71 ; other taxes and fees, $144,432.84 

Loss on sale or maturity of ledger assets, 

Reduction in book value of investments, .... 

Profit and loss, 

All other disbursements, 



Total disbursements, . 
Balance, 



$3,858,424 77 

22,152 57 

360,016 80 

1,358,875 59 

419,242 01 

31,631 12 

13,512 46 

154,043 55 

25,399 59 

35,442 34 

455 88 

249,965 28 

. $6,529,161 96 

$11,055,197 13 



260 



THE INSURANCE CO. OF NORTH AMERICA. 



Ledger Assets. 

Real estate, $602,180 ; mortgages,* 8966,038.04, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

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 mortgages, . 

Market value of stocks and bonds over book value, 



Gross assets, 



$1,568,218 04 

704,700 00 

6,698,849 32 

1,083,395 18 

960,736 70 

35,628 97 

3,668 92 

$11,055,197 13 



6,752 33 
228,452 28 

$11,290,401 74 



Assets not admitted. 



Agents' balances over three months due, 
Loans on personal security, .... 
Special deposits less $179,547.57 liab. thereon, 
Total unadmitted assets, .... 



$30,375 09 

45 00 

87,062 43 



Total admitted assets, 



117,482 52 
1,172,919 22 



Liabilities. 



plus 



Unpaid losses, including $46,888.42 resisted, $830,725 ; less 

reinsurance and salvage, $132,725, 
Unearned premiums on outstanding risks, $4,306,960.98 

same on disallowed reinsurance, $28,570.03, 
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, 



$698,000 00 

4,335,531 01 

770,947 17 

43 20 

227 63 

40,000 00 

21,812 34 

All liabilities, except capital and surplus, . . . $5,866,561 35 
Surplus to policy holders, .... $5,306,357 87 

Paid-up capital, 3,000,000 00 

Surplus over capital and general liabilities, .... 2,306,357 87 



Total liabilities, . 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



. $11,172,919 22 

Risks and Premiums. 

Premiums. 

$660,810,801 00 $7,769,720 17 
.518,684,378 00 6,314,116 55 



Total, . 
Risks expired and terminated, 

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

Net amount in force, 



$1,179,495,179 00 $14,083,836 72 
.495,214,560 00 5,814,056 45 



$684,280,619 00 $8,269,780 27 
. 48,399,262 00 548,509 87 



$635,881,357 00 $7,721,270 40 



Perpetual risks in force (not included above), $33,466,064 00 $848,697 01 



* Value of land, $1,137,067; buildings, $1,342,975; insurance thereon, $1,023,709. 



THE INSURANCE CO. OF NORTH AMERICA. 



261 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, 

In force at end of year, . 



Premiums. 

. $6,505,614 00 $362,119 00 
.401,923,114 00 2,166,738 29 



$408,428,728 00 $2,528,857 29 
.401,667,887 00 2,164,385 29 



5,760,841 00 $364,472 00 



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, .... 



$168,602,709 00 

115,669,127 00 

2,554,503 00 

1,263,922 00 

15,973,934 00 

200,000 00 

360,000 00 

84,150 00 



Schedule A. 
Securities held as Collateral. 






100 shares Cambria Iron Co., . 
Philadelphia Electric Co. bonds, 
40 shares Home Insurance Co., N. Y., 
20 " Little Schuylkill R R., 

2 " Penn. Co. for Ins. on Lives, etc., 
City of Philadelphia bonds, 

6 shares German- American Ins. Co., N. Y., 

50 " United Gas Improvement Co., 
300 " United Gas Improvement Co., 
Indianapolis Street R'y bonds, . 
Pennsylvania Co. bonds, .... 

100 shares Girard Trust Co., . 
1,000 " Metropolitan Securities Co., 

500 " Philadelphia Co., . 
Pressed Steel Car Co. bonds, . 
West Chester Lighting Co. bonds, . 
Real Estate in Port., Ore., & Tacoma, Wash., 
500 shares Lehigh Valley R.R., 
900 " Philadelphia Co., . 
100 " United Gas Improvement Co., 
Equitable Ilium. Gas Light Co. bonds, . 
100 shares Cambria Steel Co., . 
100 " Chesapeake & Ohio Railway, . 
100 " Electric Storage Battery Co., . 

20 " Fourth Street National Bank, 
300 " Philadelphia Co., 
100 " Reading Co, .... 
300 " South Chester Tube Co., 
100 " St. Joseph R'y, Lt, H. & Power Co. 
Erie R.R. Car Trust bonds, 
100 shares Consolidated Traction Co., N. J., 
100 " Electric Storage Battery Co., . 
100 " United Gas Improvement Co , 
284 " United R'ys Invest. Co., San Fran. 
375 " United States Steel Corporation, 
Interstate Railways Co. bonds, 
St. Louis Transit Co. collateral trust note, 



Loaned Thereon. 

$2,400 00 

2,500 00 

6,000 00 

5,000 00 

6,700 00 

25,000 00 

35,000 00 

40,000 00 

45,500 00 

50,000 00 



Market Value. 

$4,700 00 

2,977 50 

9,900 00 

1,200 00) 

1,160 00 > 

3,090 00) 

3,000 00 / 

4,362 50 S 

26,175 00 S 

1,645 00 } 

5,715 00 ) 

67,500 00 

45,500 00 ) 

20,500 00 ' 

5,000 00 [ 

10,100 00 J 

61,000 00 

18,375 00^ 

36,900 00 ! 

8,725 00 [ 

2,160 00 J 

1,900 00 ) 

3,375 00 

5,900 00 

5,000 00 

12,300 00 )■ 50,000 00 

3,850 00 

15,000 00 

3,000 00 

20,000 00 J 

6,600 00 

5,900 00 

8,725 
12,780 
21,750 

5,200 



00 

00 )► 60,000 00 

00 

00 



19,530 00 J 



262 



THE INSURANCE CO. OF NORTH AMERICA. 



Electric & People's Traction Co. certificates, 
Western N. Y. & Pennsylvania R'y bonds, 

50 shares Girard Trust Co., . 

500 " Metropolitan Street Railway, . 
Indianapolis Northern Traction Co., 
100 shares Baltimore & Ohio R.R., . 
100 " Cambria Steel Co., . 

51 " F'k'd & S'w'k, Phila. City Pass R'y 
17 " Girard Trust Co., . 

30 " Metropolitan Street Railway, . 
206 " Pennsylvania R.R., . 
100 " Philadelphia Co., . 

10 " Philadelphia Traction Co., 
700 " Reading Co., .... 
397 " United Gas Improvement Co., 
200 " United States Steel Corporation, 
Missouri Pacific Railway bonds, 

Philadelphia Co. bonds 

Terminal R.R. Asso., St. Louis, bonds, . 
Texas & Pacific Railway bonds, 
Welsbach Co. bonds, .... 

100 shares Chesapeake & Ohio Railway, . 
200 " Erie & Pittsburgh R.R , . 

50 " Fourth Street Nat'l Bank (Phila.), 
475 " Philadelphia Co., . 

94 " Indianapolis Traction & Term. Co. 
400 " Metropolitan Securities Co , . 
100 " Rock Island Co., . 
300 " St. Joseph R'y, Lt., H. & Power Co. 
100 " Texas & Pacific Railway, 
200 " United R'ys Investm't Co., San F., 
100 " United States Steel Corporation, 
Choctaw, Oklahoma & Gulf R.R. bonds, . 
Dutchess Co. R.R. bonds, .... 
Indianapolis Street R'y bonds, . 
Reading Co. R.R. & Mar. Equip. Trust bonds 
Toledo, St. Louis & Western R.R. bonds, 
100 shares Equitable Ilium. Gas Light Co., 

100 " Erie R.R 

200 " Investment Co. of Phila., 

646 " United Gas Improvement Co., 

200 " United R'ys Investment Co., S. F., 

300 " United States Steel Corporation, 

Harrisburg Gas Co. bonds, 

Indianapolis Northern Traction Co. bonds, 



Schedule B. 



Market Value. 

$995 00 
940 00 
33,750 00" 
62,062 50 



Loaned Thereon. 



f 1,600 00 



00 

001 

00 

00 

00 

75 

00 

00 

00 ' 

00 [ 

25 

00 

00 

00 

00 

50 



4,750 

7,975 

1,900 
21,675 
11,475 

3,723 
12,257 

4,100 

975 

15,925 

34,638 

2,525 

3,150 

3,920 

3,450 

1,162 

8,320 00 J 

3,375 00 
30,000 00 
12,500 00 
19,475 00 

3,760 00 
18,200 00 

2,425 00 
14,000 00 

2,575 00 

9,000 00 

5,800 00 

8,280 

3,400 

8,225 

3,000 

7,000 00 J 
11,000 00 ] 

6,850 00 
12,000 00 
56,363 50 

9,000 00 
17,400 00 

5,000 00 

9,500 00 



00 
00 
00 
00 



75,000 00 



100,000 00 



J, 100,000 00 



} 100,000 00 



$1,008,292 50 $704,700 00 



Stocks and Bonds owned by the Company. 



Territory of New Mexico bonds, 
Georgia State loan, .... 
Grant County, New Mexico, bonds, . 
Boston, Mass , city bonds, 
County of Colfax, New Mexico, bonds, 
Chicago, 111., bonds, .... 
City of Portland, Ore., bonds, . 
Richmond, Va., city bonds, 
City of Montreal, Canada, bonds, 



Book Value. 

$2,000 00 

25,000 00 

8,000 00 

112,000 00 

100 00 

4,139 32 

50,000 00 

53,000 00 

111,000 00 



Market Value. 

$2,240 00 

27,500 

8,000 

117,600 

100 

4,838 

56,500 

55,650 

113,220 



00 
00 
00 
00 
00 
00 
00 
00 



THE INSURANCE CO. OF NORTH AMERICA. 



263 



New York city bonds, 

City of Raton, New Mexico, bonds, . 

County of Delaware, Pa., bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Atlantic City R.R. bonds, . 

Atlantic & Danville R'y bonds, 

Baltimore & Ohio R.R. bonds, . 

Belt R.R. & Stockyard Co. bonds, . 

Bergen County R.R. bonds, 

Baltimore & Potomac R.R. bonds, . 

Cleveland, Lorain & Wheeling R'y bonds 

Cincin., Hamilton & Dayton R.R. bonds, 

Camden & Atlantic R.R. bonds, 

Chic, St. Louis & New Orleans R.R. bonds, 

Chicago, Rock Island & Pacific R'y bonds, 

Chicago & Erie R.R. bonds, 

Canadian Northern R'y bonds, . 

Choc, Oklahoma & Gulf R.R. bonds 

Choctaw & Memphis R.R. bonds, 

Chesapeake & Ohio R'y bonds, 

Delaware River R.R. & Bridge Co. bonds 

Delaware & Chesapeake R'y bonds, 

Empress Elizabeth R'y of Austria bonds 

Erie R R. bonds, .... 

Jefferson R.R. bonds, 

Lehigh Coal & Navigation Co. bonds, 

Lehigh Valley R.R. bonds, 

Lehigh Valley R'y bonds, 

Lehigh Valley Terminal R'j" bonds, 

Louisville & Nashville R.R. bonds, . 

McKeesport & Belle Vernon R.R. bonds, 

N. Y., Lake Erie & Western R.R. bonds, 

N. Y., Philadelphia & Norfolk R.R. bonds, 

Norfolk & Western R'y bonds, 

North Pennsylvania R.R. bonds, 

Northern Central R'y bonds, . 

Northern Pacific Li'y bonds, 

Pennsylvania R.R. bonds,. 

Pennsylvania & N. Y. Canal & R.R. bonds, 

Philadelphia & Baltimore Cent. R.R. bonds, 

Philadelphia & Erie R.R. bonds, 

Philadelphia & Reading R.R. bonds, 

Pitts., McKeesport & Yough. R.R. bonds, 

Pitts., Cin., Chic & St. Louis R'y bonds, . 

Pennsylvania Co gold loan, 

Schuylkill River East Side R.R. bonds, . 

Read Co. & Phil. & Read. C'l & Pn Co. bonds 

St. Paul & Duluth R.R. bonds, . 

San Antonio & Aransas Pass R'y bonds, . 

Steubenville & Indiana R.R. bonds, . 

Terminal R.R. Association of St. Louis bonds 

Texas & Pacific R'y bonds, 

Tioga R.R bonds, 

Union Pacific R.R. bonds, 

West Shore R.R. bonds, . 

Western N. Y. & Penn. R'y bonds, 

Wilmington & Weldon R.R. bonds, 

Atlantic Mutual Ins. Co. scrip, 

Harrisburg Gas Co. bonds, 

Omaha Gas Co. bonds, 



Book Value. 

$102,300 00 

200 00 

50,000 00 

100,000 00 
25,000 00 
24,000 00 

350,500 00 
50,000 00 
50,000 00 
15,000 00 
75,000 00 
50,000 00 
50,000 00 
50,000 00 

124,750 00 
50,000 00 
20,000 00 

125,000 00 
50,000 00 
99,500 00 
50,000 00 

100,000 00 
40,000 00 

295,000 00 
47,000 00 

150,000 00 

102,000 00 
50,000 00 
40,000 00 
52,000 
20,000 

200,000 
50,000 

248,000 
5,000 
5,000 

200,000 00 
50,000 00 

150,000 00 

100,000 00 

150,000 00 

200,000 00 
50,000 00 

204,100 
48,000 

146,250 

140,000 

9,700 

17,800 

200,000 00 

190,000 00 
16,000 00 
22,000 00 

150,000 00 
25,000 00 
99,000 00 
50,000 00 
51,810 00 
25,000 00 
25,000 00 



00 

00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



Market Value. 

$102,500 00 
200 00 
50,000 
99,500 
23,750 
22,500 

350,300 
55,000 00 
55,000 00 
16,950 00 
81,250 00 
55,000 00 
51,500 00 
48,000 00 

118,500 00 
58,500 00 
20,000 00 

129,000 00 
55,000 00 

101,500 00 
51,250 00 

100,000 00 
47,200 

289,375 
49,820 

156,000 

106,870 
53,000 
45,200 
58,760 
24,200 

224,000 
49,000 

245,500 
5,500 
5,050 

203,000 
52,000 

150,500 

100,000 00 

172,500 00 

210,000 00 
67,000 00 

208,340 00 
47,500 

149,250 

142,500 
10,000 
16,380 

224,000 

196,000 00 
16,000 00 
22,760 00 

154,500 00 
27,000 00 
95,000 00 
52,500 00 
54,918 60 
25,500 00 
25,000 00 



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



00 
00 
00 
00 
00 
00 



264 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



Steubenville Traction & Light Co. bonds, 
Consolidated Traction Co., N. J., bonds, . 
Equitable Illuminating Gas Light Co. bonds, 
Belgian government fund bonds, 
Jersey City, Hoboken & Pater. St. R'y bonds, 
Lehigh Valley Traction Co. bonds, . 
New York Dock Co. bonds, 
Philadelphia Co. bonds 

100 shares Philadelphia National Bank, 

100 " Girard National Bank, . 
2,500 " Pennsylvania R.R , 

500 " North American Wrecking Co., 
70 " Philadelphia Bourse, . 

500 " North Penn. R.R. Co., . 

100 " Del. & Bound Brook R.R., . 
1,000 " Philadelphia Traction Co., . 
2,000 " United Gas Improvement Co., 

165 " New York Dock Co., . 
10 " Underwriters' Salvage Co., N. Y., 



Book Value. 

$25,000 00 

100,000 00 

148,000 00 

49,000 00 

41,000 00 

46,500 00 

16,500 00 

100,000 00 

10,000 00 

25,000 00 

150,000 00 

29,000 00 

950 00 

50,000 00 

19,000 00 

98,000 00 

176,250 00 

13,500 00 

1,000 00 



Market Value. 

$25,000 00 

106,000 00 

156,880 00 

49,000 00 

32,500 00 

35,000 00 

15,675 00 

104,000 00 

31,000 00 

22,500 00 

148,750 00 

29,000 00 

950 00 

53,500 00 

20,000 00 

98,000 00 

177,000 00 

9,075 00 

1,000 00 



$6,698,849 32 $6,927,301 60 



♦'THE INSURANCE COMPANY OF THE STATE OF PENN- 
SYLVANIA," PHILADELPHIA, PA. 

[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.] 

Paid-up Capital, $200,000. 

JOHN WELSH DULLES, President. WM. H. KILPATRICK, Secretary. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on bonds, 

Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 

Profit and loss, 

Contribution by stockholders, . 

Bills payable, 

Total income, 

Ledger assets, Dec. 31, 1902, 



$95,597 42 

5,532 16 

1,685 61 

12,427 43 

80 00 

3,308 86 

148,200 00 

74,000 00 

$340,831 48 
325,697 58 



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, $5,729.23 ; other taxes and 

Loss on sale or maturity of ledger assets, 

Profit and loss, 



fees, $1,100.67 



$666,529 


06 


$17,796 25 


10,178 


63 


19,436 


76 


9,207 


83 


2,133 


34 


11,380 


66 


6,829 


90 


1,446 


00 


1,338 


98 



THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 265 



Reinsurance on perpetuals in Farmers 1 Insurance Co., 
All other disbursements, 



Total disbursements, 
Balance, 



$2,137 20 
5,722 43 

$87,607 98 

$578,921 08 



Ledger Assets. 
Real estate, 
Bonds (schedule A), . 
Cash in banks and office, 
Agents' balances, 
Bills receivable, 
Perpetual reinsurance reclaimable, 



3309,617 81 

226,356 75 

11,009 23 

20,191 68 

5,609 26 

6,136 35 

Total ledger assets, $578,921 08 



Non-Ledger Assets. 
Interest accrued on bonds, . 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Reinsurance reserve on perpetuals, . 



Gross assets, 



2,403 80 
2,089 48 
4,882 19 
1,346 44 

$589,642 99 



Assets not admitted. 



Agents' balances over three months due, 
Bills receivable, past due, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 

Total admitted assets, 



$14 01 

5,609 26 

467 50 



6,090 77 
1583,552 22 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 

Borrowed money, 

Miscellaneous, 

All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



1,412 61 



$6,409 80 

49,434 43 

181,435 59 

74,000 00 
859 79 

$312,139 61 

200,000 00 
71,412 61 



Total liabilities, $583,552 22 



Risks and Premiums. 



Fire risks written during 1903, 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



. $8,472,089 00 
. 1,695,194 00 

. $6,776,895 00 
62,879 00 



Net amount in force, $6,714,016 00 

Perpetual risks in force (not included above), $5,771,855 00 



Premiums. 

$111,334 20 
20,257 28 

$91,076 92 
800 22 

$90,276 70 

$201,595 10 



266 



KINGS COUNTY FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Company's stock owned by directors, . 



$21,990,014 00 

. 17,500,263 00 

20,129 00 

. 4,315,406 00 

126,800 00 



Schedule A. 

Bonds owned by the Company. 



City of Philadelphia bonds, 
City of Scranton, Pa., bonds, . 
Montgomery County, Pa , bonds, 
City of Chester, Pa., bonds, 
City of Allegheny, Pa., bonds, . 
County of Allegheny, Pa., bonds, 
City of Pittsburg, Pa., bonds, . 
City of Harrisburg, Pa., bonds, 
City of Cleveland, O., bonds, . 
City of Cincinnati, O., bonds, . 
City of Syracuse, N. Y., bonds, 
City of Rochester, N. Y., bonds, 
City of New York bonds, . 



Book Value. 

$46,680 75 
5,724 50 
5,213 
5,084 

10,346 

10,025 

10,982 

20,025 

10,300 00 

10,075 00 
9,605 00 
5,093 50 

77,202 50 



00 
50 
00 
00 
00 
00 



Market Value. 

|46,570 50 

5,600 00 

5,125 00 

5,075 00 

10,150 00 

10,100 00 

11,050 00 

20,100 00 

10,300 

10,100 

9,750 

5,093 

76,875 



00 
00 
00 
75 
00 



$226,356 75 $225,889 25 



"KINGS COUNTY FIRE INSURANCE COMPANY," NEW YORK, 

N. Y. 

[Incorporated Oct. 21, 1858. Commenced business Oct. 21, 1S58.] 

Paid-up Capital, $200,000. 

FRANK LOCK, President. CHRIS J. WOLF, Secretary. 

Income. 

Net fire premiums, $156,839 89 

Interest on stocks and bonds, $12,214.60; all other, $445.81, 12,660 41 

Rents, including company's own occupancy, .... 3,387 67 

Profit and loss, 500 00 

Total income $173,387 97 

Ledger assets, Dec. 31, 1902, less commissions due, . . 372,120 88 



Total, $545,508 85 



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, 



,703 93 

10,000 00 

40,938 78 

13,988 11 

2,201 66 

2,375 67 



KINGS COUNTY FIRE INSURANCE CO. 



267 



Real estate taxes, $ 526. 51 ; other taxes and fees, $3,577, . 
All other disbursements, 

Total disbursements, 

Balance, 



$4,103 51 
10,295 52 

$180,607 18 

$364,901 67 



Ledger Assets. 

Real estate, 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents 1 balances, 



Total ledger assets, . 



$67,500 00 

285,005 80 

6,656 85 

5,739 02 

$364,901 67 



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, 



1,308 33 

448 16 

22,224 20 

$388,882 36 



Liabilities. 

Unpaid losses, $16,745.29; less reinsurance, $783, . . $15,962 29 
Unearned premiums on outstanding risks, $97,610.55; plus 

same on disallowed reinsurance, $179.72, .... 97,820 27 

All liabilities, except capital and surplus, . . . $113,782 56 
Surplus to policy holders, .... $275,099.80 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 75,099 80 

Total liabilities, $388,882 36 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

.$21,119,851 00 $207,212 70 
. 22,504,578 00 215,088 87 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $43,624,429 00 $122,301 57 
. 22,344,030 00 210,581 12 



.$21,280,399 00 $211,720 45 
. 2,570,827 00 22,253 76 



.$18,709,572 00 $189,466 69 



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 (5 per cent.), . 
Company's stock owned by directors, .... 



13,507,040 00 

1,675,597 00 

98,416 00 

820,264 00 

50,000 00 

10,000 00 

6,980 00 



268 LAFAYETTE FIRE INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

New York city bonds, $209,325 62 $193,800 00 

100 shares Tenth & Twenty-third Sts. Fer. Co., 9,250 00 6,500 00 

340 " Consolidated Gas Co. of N. Y., . 20,895 32 66,130 00 

100 " Atchison, To peka& Santa Fe. R.R., 10,275 00 9,300 00 

100 " Norfolk & Western R.R. Co , . . 7,012 50 5,800 00 

100 " Pennsylvania R.R., .... 8,006 25 5,950 00 

100 " Union Pacific R.R 9,250 00 8,900 00 

100 " Illinois Central R.R , . . . 10,49111 10,350 00 

5 " Underwriters' Salvage Co., N. Y., . 500 00 500 00 



$285,005 80 $307,230 00 



"LAFAYETTE FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y.* 

[Re-incorporated Feb. 10, 1897. Commenced business Feb. 11, 1897.] 

Paid-up Capital, $200,000. 

ALLEN W. ADAMS, President. EDWARD H. BETTS, Secretarxj. 

Income. 

Net fire premiums, $385,433 27 

Interest on stocks and bonds, $14,071.80; all other, $695.46, 14,767 26 

Total income, . . . $400,200 53 

Ledger assets, Dec. 31, 1902, less commissions due, . . 599,206 09 

Total, $999,406 62 

Disbursements. 

Net amount paid for fire losses, $285,500 49 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, 129,960 91 

Taxes and fees, 12,035 89 

Loss on sale or maturity of ledger assets, .... 5,862 50 

All other disbursements, 4,608 25 

Total disbursements, $449,968 04 

Balance, $549,438 58 

Ledger Assets. 

Stocks and bonds (schedule A), $419,593 75 

Cash in banks and office, 31,098 91 

Agents' balances, 53,916 08 

Head office premiums, 44,829 84 

Total ledger assets, $549,438 58 

* Reinsured in the National Fire Insurance Company of Hartford, Conn., March 16, 1904, 
and retired. 



LAFAYETTE FIRE INSURANCE CO. 



269 



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

Gross assets, 

Assets not admitted. 
Depreciation in book value of stocks and bonds, 

Total admitted assets, .... 



$2,550 00 
$551,988 58 

23,988 75 
$527,999 83 



Liabilities. 

Unpaid losses, $23,364 42 

Unearned premiums on outstanding risks, $218,207.22; plus 

same on disallowed reinsurance, $1,417.12, . . . . 219,624 34 

Commissions and other charges due agents and brokers, . 11,652 10 

Due for reinsurance premiums, 5,989 50 

All liabilities, except capital and surplus, . . . $260,630 36 
Surplus to policy holders, .... $267,369 47 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 67,369 47 

Total liabilities, $527,999 83 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



. $38,485,764 00 
. 34,564,572 00 



. $73,050,336 00 

. 38,441,154 00 

. $34,609,182 00 

. 2,313,635 00 



Premiums. 

$518,202 79 
502,574 56 

$1,020,777 35 
544,725 53 

$476,051 82 
35,374 69 



. $32,295,547 00 $440,677 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 (6 per cent.), . 
Company's stock owned by directors, . 



$2,088,693 00 

1,253,090 00 

279,054 00 

40,500 00 

12,000 00 

132,350 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



New York city bonds, 

Massachusetts State bonds, 

Union Pacific R.R. bonds, . 

St. Louis, Southwestern R'y Co. bonds, 



Book Value. 

$215,000 00 
27,500 00 
21,200 00 
19,600 00 



Market Value. 

$204,080 00 
26,625 00 
20,600 00 
18,600 00 



270 



MANUFACTURERS MUTUAL FIRE INSURANCE CO. 



N. Y. Gas, Elec. Light, Heat & P. Co. bonds, 
Colorado & Southern R'y Co. bonds, 
Metropolitan Street R'y bonds, 
200 shares New York Central R.R., 
Pennsylvania R.R., . 
U. S. Steel Corporation, 
Delaware & Hudson R.R. 
Chic., Milwaukee & St. Paul R.R., 
Chicago & Northwestern R.R., 



200 
100 
100 
100 
100 



Book Value. 

$ 19,600 00 

9,550 00 

9,900 00 

30,600 00 

11,881 25 

8,900 00 

15,412 50 

13,862 50 

16,587 50 



Market Value. 

$18,400 00 

8,700 00 

8,900 00 

23,800 00 

11,900 00 

5,800 00 

16,700 00 

14,600 00 

16,900 00 



$419,593 75 $395,605 00 



"MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY OF 
RHODE ISLAND," PROVIDENCE, R. I. 

[Incorporated 1S35. Commenced lousiness Dec. 1, 1835.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Income. 

Net premiums, . $409,429 23 

Interest on stocks and bonds, $18,464. 23; all other, $1,171.83, 19,636 06 

Total income, $429,065 29 

Ledger assets, Dec. 31, 1902, 392,929 16 

Total, $821,994 45 

Disbursements. 

Net amount paid for losses, $20,369 97 

Profits on terminated policies, 317,106 05 

Salaries, fees, etc., of officers and employees, .... 7,820 79 

Rents, 709 50 

Taxes and fees, 6,960 73 

Inspections, 6,175 92 

Premiums of 1903 paid in 1902, 18 00 

All other disbursements, 1,618 92 

Total disbursements, $360,779 88 

Balance, $461,214 57 

Ledger Assets. 

Stocks and bonds (schedule A), $416,942 55 

Cash in banks and office, 37,182 53 

Premiums in course of collection, 7,089 49 

Total ledger assets, $461,214 57 



Non-Ledger Assets. 

Interest due and accrued : — 
On stocks and bonds, $941.67; other assets, $3,838.54, . . 4,780 21 

Market value of stocks and bonds over book value, . . 64,709 95 



Gross assets, 



$530,704 73 



MANUFACTURERS MUTUAL FIRE INSURANCE CO. 



271 



Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes, 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, . 



$2,302 47 

202,897 22 

6,297 47 

$211,497 16 
319,207 57 

$530,704 73 



Risks and Premiums. 

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

Risks outstanding Dec. 31,1902, $42,592,832 00 $337,989 30 $1,689,946 50 
Risks written during 1903, . 52,471,292 00 425,026 40 2,125,132 00 



Total, $95,064,124 00 $763,015 70 $3,815,078 50 

Risks expired and terminated, . 45,266,494 00 357,22126 1,786,106 30 



In force at end of year, 



. $49,797,630 00 $405,794 44 $2,028,972 20 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 92.91 per cent. 



$22,170 00 



Schedule A. 

Slocks and Bonds owned by the Company. 



United States bonds, . . 

Rhode Island State bonds, 
150 shares Providence & Worcester R.R., 
100 " Boston & Providence R.R., . 
100 " Rome, Watertown & Ogden. R.R, 

1,400 " Pennsylvania R.R., 
60 " Old Colony R.R., . 
743 " Northern Securities Co., 
110 " N. Y., N. H. & Hartford R.R., 
100 " Chic , Mil. & St. Paul R.R., . 
100 " Clev., Cin., Ch. & St. Louis R.R 
110 " Chic, Burlington & Quincy R.R 
115 " Chicago & Northwestern R.R., 
300 " Union Pacific R.R. , 
150 " Illinois Central R.R., . 
210 " American National Bank, Prov., 
100 . " National Bank of Com., Prov., 
100 " Manhattan R'y Co., 



Book Value. 

$10,000 00 
50,000 00 
32,500 00 
25,300 00 
11,812 50 
84,173 61 
10,797 87 
42,048 80 
24,612 50 
17,337 
9,925 
13,362 
17,412 
26,189 07 
19,383 20 
5.100 00 
3,600 00 
13,387 50 



50 

00 
50 
50 



Market Value. 

$13,350 00 
52,000 00 
42,750 00 
29,800 00 
13,200 00 
83,300 00 
12,000 00 
66,870 
21,560 
17,750 
11,250 
20,680 00 
19,492 50 
26,550 00 
19,650 00 
11,550 00 
5,500 00 
14,400 00 



00 
00 
00 
00 



$416,942 55 $481,652 50 



272 



THE MECHANICS INSURANCE CO. 



"THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 13, 1S54. Commenced business May 4, 1854.] 

Paid-up Capital, $250,000. 

SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 

Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $ 14,211.99 ; collaterals, $37< 

stocks and bonds, $20,028.70; all other, $511.71, 
Rents, including company's own occupancy, . 
From all other sources, 



5.07; 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



$329,110 92 

17,897 20 

35,127 47 

5,308 21 

335 00 



|387,778 80 
906,630 36 



Total, $1,294,409 16 



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, $1,052.28; other taxes and fees, $ 10,726.36 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, . . . 



Balance, 



Ledger Assets. 



Real estate, $78,686.80; mortgages,* $281,135, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents' balances, .... 

Office premiums in course of collection, 

All other ledger assets, 

Total ledger assets, . 



$160,692 45 


8,485 


07 


20,000 00 


90,261 


58 


16,350 


92 


2,500 


00 


1,459 


58 


11,778 


64 


302 


52 


18,179 


30 


$330,010 06 


$964,399 


10 


$359,821 


80 


64,100 


00 


458,853 


00 


38,289 


45 


33,909 


35 


4,659 


48 


4,766 


02 



1964,399 10 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $4,191.22; stocks and bonds, $3,467.47 ; col- 
lateral loans, $931.33, 

Rents due on company's property, . . . . • . 

Market value of stocks and bonds over book value, 



Gross assets, 



8,590 02 

120 00 

26,795 75 

$999,904 87 



* Value of land, $230,500; buildings, $351,750; insurance thereon, $271,225. 



THE MECHANICS' INSURANCE CO. 



273 



Assets not admitted. 
Depreciation in book value of real estate, .... 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $700 resisted, $38,517.54; less re- 
insurance, $3,746.56, 

Unearned premiums on outstanding risks, $211,325.96 ; plus 
same on disallowed reinsurance, $24,934.91, 

Reclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, 

Due for return premiums, $25.71 ; reinsurance, $70.58, 



$2,686 80 
$997,218 07 



$34,770 98 

236,260 87 

280,962 37 

1,008 54 

96 29 

$553,099 05 

250,000 00 
194,119 02 

Total liabilities, $997,218 07 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$444,119 02 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



. $35,802,837 00 
. 33,824,235 00 



,627,072 00 

. 28,885,641 00 

. $40,741,431 00 

. 4,372,483 00 



Premiums. 

$418,280 46 
426,185 37 

$844,465 83 
376,305 93 

$468,159 90 
58,146 59 



Net amount in force, $36,368,948 00 $410,013 31 

Perpetual risks in force (not included above), $13,460,678 00 $309,997 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 (8 per cent.), . 

Company's stock owned by directors, . 

Schedule A. 



$4,623,391 00 

2,576,345 00 

168,194 00 

620,660 00 

20,000 00 

52,525 00 



Securities held as Collateral. 



Philadelphia City Passenger R'y bonds, . 

Philadelphia Electric Co. certificates, 

500 shares Union Traction Co., 

500 " Philadelphia Rapid Transit Co., 

100 " Pennsylvania R.R. Co., . 

100 " Allegheny Valley R.R. Co., . 

500 " Union Traction Co., 

500 " Philadelphia Rapid Transit Co., 

100 " Philadelphia Co., . 



Market Value. 

$9,440 00 
2,540 00 

22,937 50^1 
4,125 00 ! 
5,887 50 f 
2,400 00 J 

22,937 50 S 
4,125 00 > 
4,000 00) 



Loaned Thereon. 

$7,800 00 
1,300 00 

30,000 00 



25,000 00 






$78,392 50 $64,100 00 



274 



mechanics' mutual FIRE INSURANCE CO. 



Schedule B. 

Stocks and Bonds oivned by the Company. 



200 shares The Fair. P. & Had. Pass. R'y Co., 
100 " Union Passenger R'y Co., 
30 lt Thirteenth & Fift'h Sts. Pass. R'y, 
20 " Second & Third Sts. Pass. R'y, 
1,000 " Philadelphia Traction Co., . 
1,000 " Union Traction Co., 
Phil., Wilmington & Baltimore R R. bonds, 
Union Passenger R'y bonds, 
Borough of Clifton Heights, Pa., bonds, . 
Schuylkill River East Side R.R. bonds, . 
Northern Pacific Terminal bonds, . 
Philadelphia & Erie R.R. bonds, 
North Pennsylvania R R. bonds, 
The Toledo Elec. St. Pass. R'y Co. bonds, 

United States bonds, 

Consolidated Traction Co of N. J. bonds, 
Second Avenue Traction Co., Pitts., bonds, 
Terminal R.R. Association of St. Louis bonds, 
Commonwealth of Perm., Allegheny Co , bond, 
City of Altoona, Pa , bonds, .... 
Lehigh Valley R.R. bonds, .... 
City of Philadelphia bonds, .... 
The Pitts., an., Chic. & St. Lo. R'y Co. bonds, 
The Allegheny Valley R.R. bonds, . 
The Second Ave. R.R. of the city of N. Y. b'ds, 
Pennsylvania Co. gold loan of 1901, 
The Camden & Suburban R'y Co. bonds, 
Edison Electric Light gold stock trust certs., . 
Philadelphia Co. bonds, 



75 

50 
00 
00 
00 



Book Value. 

$12,025 01 
18,337 50 

5,883 

3,982 
82,375 
47,575 

2,180 
21,000 00 

3,000 00 
30,900 00 
10,825 00 
28,000 00 
13,255 00 
10,000 

6,181 

8,435 
10,000 
10,000 

5,050 

9,000 00 

9,825 00 
21,063 00 
11,025 00 

6,487 50 
18,000 00 
15,698 24 

5,350 00 
11,255 00 
22,144 25 



00 
25 
00 
00 
00 
00 



Market Value. 

$15,000 00 
23,100 00 

9,000 00 

5,700 00 
97,500 00 
45,875 00 

2,050 00 
21,600 00 

3,000 00 
29,850 00 
11,025 00 
28,840 00 
12,760 00 
10,650 00 

6,668 75 
10,500 00 
11,500 00 
10,775 00 

5,000 00 

9,000 CO 
10,312 50 
20,150 00 
10,800 00 

5,737 50 
16,575 00 
15,280 00 

5,100 
10,725 
21,575 



00 
00 
00 



$458,853 00 $485,648 75 



"MECHANICS' MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1871. Commenced business 1871.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Income. 

Net premiums, , $274,213 28 

Interest on stocks and bonds, $9,873.52; all other, $1,287.82, . 11,161 34 



Total income, 
Ledger assets, Dec. 31, 1902, 



. |285,374 62 
230,525 49 



Total, $515,900 11 



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



$14,014 46 

202,282 12 

5,213 83 

473 00 



mechanics' mutual FIRE INSURANCE CO. 275 

Taxes and fees $4,585 13 

Loss on sale or maturity of ledger assets, .... 1,625 00 

Inspections, . 4,045 32 

All other disbursements, 1,101 34 



Total disbursements, $233,340 20 

Balance, $282,559 91 

Ledger Assets. 

Stocks and bonds (schedule A), $235,926 28 

Cash in banks, 41,490 47 

Premiums in course of collection, 5,143 16 

Total ledger assets, . . $282,559 91 

Non-Ledger Assets. 

Interest due and accrued : — 

On stocks and bonds, $975; other assets, $1,797.21, . . 2,772 21 

Market value of stocks and bonds over book value, . . 30,213 72 

Gross assets, $315,545 84 

Liabilities. 

Unpaid losses, $1,583 59 

Unearned premiums on outstanding risks, .... 135,848 13 

State taxes, 4,530 75 

All liabilities, except surplus, $141,962 47 

Surplus 173,583 37 

Total liabilities $315,545 84 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $27,899,270 00 $222,240 93 $1,111,204 65 

Risks written during 1903, . 34,971,692 00 284,512 11 1,422,560 55 

Total, $62,870,962 00 $506,753 04 $2,533,765 20 

Risks expired and terminated, . 29,697,941 00 235,056 79 1,175,283 95 

In force at end of year, . .$33,173,021 00 $271,696 25 $1,358,481 25 

Miscellaneous. 

Losses incurred during the year, $15,365 00 

Profits or surplus returned during 1903, 90 per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $15,000 00 $20,025 00 

Rhode Island State bonds, .... 50,000 00 52,000 00 



276 



MECHANICS AND TRADERS INSURANCE CO. 



100 shares Rome, Watert'n & Ogden. R.R., 



100 
800 
100 
110 
300 
83 
473 
100 



N. Y., Lack. & Western R R., 

Pennsylvania R.R., . 

Clev., Cin. Chic. & St. Louis R.R., 

Chicago, Burl. & Quincy R.R., 

Union Pacific R.R., . 

Nat'l Bank of Com., Prov., R. I., 

Northern Securities Co., . 

Manhattan R'y Co., . 



Book Value. 


Market Value. 


$11,812 50 


$13,200 00 


12,200 00 


13,300 00 


50,321 01 


47,600 00 


10,162 50 


11,250 00 


13,362 50 


20,680 00 


26,089 07 


26,550 00 


3,315 00 


4,565 00 


30,276 20 


42,570 00 


13,387 50 


14,400 00 


$235,926 28 


$266,140 00 



"MECHANICS' AND TRADERS' INSURANCE COMPANY," 
NEW ORLEANS, LA. 

[Incorporated Oct. 15, 1S69. Commenced business Nov. 1, 1869.] 

Paid-up Capital, $300,000. 

JAMES NICHOLS, President. R. L. EMERY, Secretary. 

Income. 

Net fire premiums, $255,062.07; marine, $1,898.82, . . $256,960 89 

Interest on stocks and bonds, $16,768.33 ; all other, $354.70, 17,123 03 

Rents, including company's own occupancy, .... 2,233 10 

Profit and loss, 1,707 84 

Total income, $278,024 86 

Ledger assets, Dec. 31, 1902, 507,056 41 

Total, $785,081 27 

Disbursements. 

Net amount paid for fire losses, $ 1 13,282 . 60 ; marine, $4,839 .58, $ 1 18,122 18 

Commissions or brokerage, 61,135 99 

Salaries, fees, etc., of officers and employees, . . . . 14,956 07 

Rents, including company's own occupancy, .... 300 00 

Repairs and expenses on real estate, 241 30 

Real estate taxes, $545 . 90 ; other taxes and fees, $ 10,239 . 08, . 10,784 98 

Loss on sale or maturity of ledger assets, . . . . 151 50 

All other disbursements, 9,823 79 

Total disbursements, $215,515 81 

Balance $569,565 46 



Ledger Assets. 



Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks, .... 
Agents' balances, . 
Bills receivable, not matured, . 



$22,500 00 

480,583 65 

30,915 12 

33,051 56 

2,515 13 



Total ledger assets, $569,565 46 



MECHANICS AND TRADERS INSURANCE CO. 



277 



Non-Ledger Assets. 

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



Gross assets, 



Liabilities. 
,950 resisted, $32,251.11; less 



$3,000 00 
18,144 05 

$590,709 51 



Unpaid losses, including 

reinsurance, $13,607.42, 

Unearned premiums on outstanding risks, $165,103.70; plus 

same on disallowed reinsurance, $2.507.60, . 



$18,643 69 

167,611 30 

$186,254 99 

300,000 00 
104,454 52 

Total liabilities, $590,709 51 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$404,454 52 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 

Marine risks written during 1903, . 
Risks expired and terminated, . 



. $28,480,759 00 

. 34,043,679 00 

. $62,524,438 00 

. 28,843,476 00 

.$33,680,962 00 

. 7,326,138 00 



Premiums. 

$334,033 60 
395,495 85 

$729,529 45 
309,505 89 

$420,023 56 
97,763 92 



. $26,354,824 00 $322,259 64 



$4,440,729 00 
4,440,729 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, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 



Louisiana State bonds, 

New Orleans city bonds, 

New Orleans City & Lake R.R. bonds, . 

Elgin, Joliet & Eastern R'y Co. bonds, 

150 shares Peop. Sav. Tr. & BVg Co., N. O., . 

15 " Prov. Sav. & Trust Dep. Co., N. O., 
6 " Hibernia Bank & Trust Co., . 
200 " Standard Guano & Chem. Mfg. Co., 

50 " Standard Cotton Seed Oil Co., 

30 " National Acid Co , . 



Book Value. 

$150,903 75 

238,840 20 

6,060 00 

22,800 00 

11,400 00 

1,430 00 

1,499 70 

40,000 00 

3,750 00 

3,900 00 



$12,184 18 
12,184 18 



58,402,871 00 
1,178,337 00 

121,805 00 

2,740 00 

1,178,337 00 

113,800 00 



Market Value. 

$154,062 50 

241,005 20 

6,570 00 

22,800 00 

21,975 00 

2,025 00 

2,640 00 

40,000 00 

3,750 00 

3,900 00 



$480,583 65 $498,727 70 



278 MERCANTILE MUTUAL FIRE INSURANCE CO. 



"MERCANTILE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 18S4. Commenced business August, 1884.] 
HENRY T. GRANT, President. ALFRED U. EDDY, Secretary. 

Income. 

Net premiums $192,934 73 

Interest on collaterals, $60.97 ; stocks and bonds, $6,789.69, . 6,850 66 

Profit on sale or maturity of ledger assets, .... 446 50 

Total income $200,231 89 

Ledger assets, Dec. 31, 1902, 146,813 00 

Total, $347,044 89 

Disbursements. 

Net amount paid for losses, $13,292 63 

Profits on terminated policies, 137,712 33 

Salaries, fees, etc , of officers and employees, . . • . . 14,993 73 

Rents, 1,250 00 

Taxes and fees, . 4,080 46 

Loss on sale or maturity of ledger assets, . . . . 352 30 

All other disbursements, 6,291 41 

Total disbursements, $177,972 86 

Balance, $169,072 03 

Ledger Assets. 

Loans secured by collateral (schedule A), . . . $5,000 00 

Stocks and bonds (schedule B) 136,079 25 

Cash in banks 20,430 32 

Premiums in course of collection, 7,562 46 

Total ledger assets, $169,072 03 

Non-Ledger Assets. 

Interest due and accrued : — 

On collateral loans, $181.46 ; other assets, $1,979.17, . . 2,160 63 

Market value of stocks and bonds over book value, . . 25,170 75 

Gross assets, $196,403 41 

Liabilities. 

Unpaid losses, $10,360 91 

Unearned premiums on outstanding risks, .... 95,877 25 

Taxes, 3,835 04 

All liabilities, except surplus, $110,073 20 

Surplus, 86,330 21 

Total liabilities, $196,403 41 



MERCHANTS MUTUAL FIRE INSURANCE CO. 



279 



Risks and Premiums. 

Amount. Cash Pretn's. Conting't PrenTs. 

Risks outstanding Dec. 31, 1902, $20,275,505 00 f 180,186 74. $900,933 70 
Risks written during 1903, . 23,207,512 00 206,490 68 1,032,453 40 



Total $43,483,017 00 $386,677 42 $1,933,387 10 

Risks expired and terminated, . 22,296,397 00 194,922 92 974,614 60 



In force at end of year, . . $21,186,620 00 $191,754 50 



,772 50 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1903, 75.7 per cent 



$20,174 00 



Schedule A. 
Securities held as Collateral. 



Denver City Tramway Co. bond, 
75 shares Producers 1 National Bank, 
30 " National Bank of Commerce, . 
5 " American Telephone & Tel. Co., 
13 " American Screw Co., 



Schedule B. 



Market Value. Loaned Thereon. 

$1,000 00^ 
1,500 00 I 
1,800 00 } $5,000 00 

635 00 | 
1,040 00 J 



j,975 00 $5,000 00 



Stocks and Bonds owned by the Company. 



United States bonds, 

250 shares Illinois Central R.R., 



100 
100 
100 
150 
100 
100 
100 
100 



Boston & Maine R R., 

Union Pacific R.R., . 

Pennsylvania R.R., . 

Rhode Island Investment Co., 

American Express Co., . 

Wells Fargo Co., 

American Telephone & Tel. Co., 

Western Union TelegrajDh Co., 



Book Value. 

$10,987 50 
25,416 
19,525 
8,425 
11,975 
15,250 
11,075 
13,025 
12,200 
8,200 



75 

00 
00 
00 
00 
00 
00 
00 
00 



Market Value. 

$10,900 00 
32,500 00 
16,800 00 
8,900 00 
11,800 00 
18,000 00 
20,000 00 
21,000 00 
12,700 00 
8,650 00 



$136,079 25 $161,250 00 



"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. 

Income. 

Net premiums, $259,938 04 

Interest on stocks and bonds,$ll,952.15 ; all other, f 1,477.04, 13,429 19 

Profit on sale or maturity of ledger assets, .... 126 20 



Total income, 
Ledger assets, Dec. 31, 1902, 



§273,493 43 
278,438 08 



Total, $551,931 51 



280 merchants' mutual FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $14,210 52 

Profits on terminated policies, 204,242 80 

Salaries, fees, etc., of officers and employees, .... 5,193 14 

Rents, 640 00 

Taxes and fees, 4,502 10 

Loss on sale or maturity of ledger assets, .... 3,131 95 

Inspections, . 3,916 92 

All other disbursements, 919 99 



Total disbursements, '. $236,757 42 



Balance, $315,174 09 

Ledger Assets. 

Stocks and bonds (schedule A), $259,85140 

Cash in banks and office, 50,448 47 

Premiums in course of collection, 4,874 22 



Total ledger assets, $315,174 09 

Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $3,858.83 ; other assets, $479.61, . . 4,338 44 

Market value of stocks and bonds over book value, . . 40,569 60 



Gross assets, $360,082 13 



Liabilities. 

Unpaid losses, $1,778 92 

Unearned premiums on outstanding risks, .... 128,660 70 

Taxes, 4,140 63 



All liabilities, except surplus, $134,580 25 

Surplus, 225,501 88 



Total liabilities, $360,082 13 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $27,012,972 00 $218,523 19 $1,092,615 95 
Risks written during 1903, . 32,930,140 00 270,389 30 1,351,946 50 



Total $59,943,112 00 $488,912 49 $2,444,562 45 

Risks expired and terminated, . 28,745,038 00 231,591 08 1,157,955 40 



In force at end of year, . .$31,198,074 00 $257,321 41 $1,286,607 05 

Miscellaneous. 

Losses incurred during the year, $15,216 00 

Profits or surplus returned during 1903, 92.41 per cent. 



MIDDLESEX MUTUAL ASSURANCE CO. 



281 



Schedule A. 

Stocks and Bonds owned by the Company. 



Rhode Island State bonds, 

United States bonds, 

Chicago, Burlington & Quincy R.R. bonds, 
United Traction & Electric Co. bonds, 
Gt. Northern & North Pacific bonds, 
240 shares Illinois Central R.R., 



100 

150 

50 

115 

16 

100 

471 

200 

50 

85 

75 

50 

50 

100 

82 

50 

100 



Mahoning Coal Co., 
Hereford Co., .... 
Albany & Susquehanna R.R., . 
Chicago & Northwestern R.R., 
Chic , Rock Island & Pacific R.R., 
Rome, Watertown & Og. R.R., 
Pennsylvania R.R., . 
Morris & Essex R.R., 
Rensselaer & Saratoga R.R., . 
Pitts , Ft. Wayne & Chicago R.R., 
National Bank of North America, 
Upper Coos R.R Co., 
Pitts., Bessemer & Lake Erie R.R. 
Lime Rock National Bank, 
Merchants' National Bank, 
Mechanics 1 National Bank, 
Manhattan Elevated R'y, 



Book Value. 

$30,000 00 

9,000 00 

3,000 00 
10,000 00 
13,991 51 
24,078 75 

6,050 00 
15,128 13 
12,150 00 
11,500 00 

1,548 90 
10,000 00 
29,896 95 
18,740 86 

9,900 00 
15,302 50 

7,375 00 

7,450 

3,851 
500 

4,100 

2,500 



00 
30 
00 
00 
00 



13,787 50 



Market Value. 

$ 32,400 00 
12,015 00 

2,895 00 
11,000 00 
27,115 00 
31,560 00 

5,800 00 
14,925 00 
12,000 00 
19,435 00 

2,120 00 
13,000 00 
27,995 00 
18,350 00 
10,250 00 
15,215 00 

9,750 

7,450 

3,600 
150 

6,396 

2,600 
14,400 



00 
00 
00 
00 
00 
00 
00 



$259,851 40 $300,421 00 



"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE- 
TOWN, CONN.* 

[Incorporated June 2, 1836. Commenced business June 13, 1836.] 
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary. 

Income. 

Net fire premiums, $141,748 87 

Interest on stocks and bonds, 26,025 22 

Rents, 9,216 83 

Total income, $176,99Q 92 

Ledger assets, Dec. 31, 1902, 788,151 37 

Total, $965,142 29 



Disbursements. 

Net amount paid for fire losses, .... 

Commissions or brokerage, 

Salaries, fees, etc , of officers and employees, . 
Repairs and expenses on real estate, 
Real estate taxes, $2,965 . 60 ; other taxes and fees, $5,40 1 . 63, 
Loss on sale or maturity of ledger assets, 



$84,608 75 

32,508 53 

22,000 00 

2,846 45 

8,367 28 

33,801 20 



* A mutual company. 



282 MIDDLESEX MUTUAL ASSURANCE CO. 

Premiums and commissions paid on purchase of securities, . $20,744 00 
All other disbursements, 7,576 24 



Total disbursements, $212,452 40 



Balance, $752,689 89 

Ledger Assets. 

Real estate, . . $194,000 00 

Stocks and bonds (schedule A), 482,300 00 

Cash in banks, 51,393 65 

Agents 1 balances, 24,996 24 



Total ledger assets, . . $752,689 89 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . 106,992 50 



Gross assets, $859,682 39 

Assets not admitted. 
Agents' balances over three months due, .... 3,889 20 



Total admitted assets, $855,793 19 

Liabilities. 

Unpaid losses, including $3,350 resisted, $12,243 43 

Unearned premiums on outstanding risks, $226,842.60 ; plus 

same on disallowed reinsurance, $27.90, .... 226,87050 

Premiums disallowed, 58 28 



All liabilities, except capital and surplus, . . . $239,172 21 
Surplus, 616,620 98 



Total liabilities, $855,793 19 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire-risks written during 1903, 

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, 



Premiums. 

$48,351,442 00 $405,208 58 
16,924,971 00 149,562 40 



,276,413 00 $554,770 98 
14,354,802 00 108,200 17 



,921,611 00 $446,570 81 
21,950 00 116 55 



$50,899,661 00 $446,454 26 



. $1,440,018 00 
87,649 00 



MILLERS NATIONAL INSURANCE CO. 



283 



Schedule A. 

Stocks and Bonds owned by the Company. 



Middletown, Conn., town bonds, 
Portland, Conn., town bonds, . 
Nebraska Loan & Trust Co. bonds, . 
Omaha Water Co. bonds, .... 
W. & B Douglas Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Cleve., Cin , Chicago & St. Louis R.R. bonds, 
Louisville & Nashville R R. bonds, . 
Union Pacific R.R. bonds, .... 
Pennsylvania R.R. bonds, 
St. Paul, Minn & Manitoba R.R. bonds, . 
Cincinnati, Ind. & Western R.R. bonds, . 
605 shares N. Y., N. H. & Hartford R.R., 
100 " Louisville & Nashville R.R., . 
345 " Chicago & Northwestern R R., 
150 " Middletown National Bank, Conn. 

40 " First Nat'l B'k, Middletown, Conn. 

42 " Middlesex Co. N'l B'k, Middlet'n, 

30 " Central Nat'l Bank, Middletown, 
6 " First National Bank, Portland, 

90 " Omaha Water Co., . 
800 " Pennsylvania R.R. Co., . 
200 " Illinois Central R.R , 



Book Value. 

$12,000 00 
26,000 00 

45,000 00 

10,000 00 

5,000 00 

40,000 00 

40,000 00 

40,000 00 

20,000 00 

20,000 00 

25,000 00 

10,000 00 

60,500 00 

10,000 00 

34,500 00 
11,250 

4,000 

4,200 

2,250 
600 

2,000 

40,000 00 

20,000 00 



00 
00 
00 
00 
00 
00 



Market Value. 

$12,100 00 
26,000 00 
45,000 00 
10,000 00 

5,000 00 
35,200 00 
40,000 00 
40,300 00 
19,200 00 
19,000 00 
33,250 00 
10,000 00 
118,580 00 
11,000 00 
62,282 50 
15,750 00 

4,000 

3,780 

2,400 
600 

2,000 
47,600 00 
26,250 00 



00 
00 
00 
00 
00 



$482,300 00 $589,292 50 



* MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.] 

Paid-up Capital, $200,000. 

C. H. SEYBT, President. W. L. BAKNUM, Secretary. 

Income. 

Net fire premiums, 

Interest on mortgages, stocks and bonds, 



Assessments on deposit notes, . 



$220,175 31 

35,705 58 

306,681 01 



Total income, $562,561 90 

Ledger assets, Dec. 31, 1902, 647,439 16 

Total, $1,210,001 06 

Disbursements. 

Net amount paid for fire losses, $390,058 70 

Commissions or brokerage, 31,066 79 

Salaries, fees, etc., of officers and emplo} T ees, .... 54,815 02 

Taxes and fees, 7,379 67 

All other disbursements, 17,087 92 

Total disbursements, $500,408 10 

Balance $709,592 96 



284 millers' national insurance co. 



Ledger Assets. 

Mortgages,* f 118,000 00 

Stocks and bonds (schedule A), 621,914 05 

Cash in banks and office, 98,021 06 

Office premiums in course of collection, 18,294 74 

$856,229 85 

Deduct guaranteed deposits, . . . . . . . 146,636 89 

Total ledger assets, $709,592 96 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $ 2,246. 66; stocks and bonds, $10,483.47, . 12,730 13 

Market value of stocks and bonds over book value, . . 50,553 90 

Deposit notes, 2,893,449 68 

Gross assets, $3,666,326 67 

Assets not admitted. 

Deposit notes, 2,893,449 68 

Total admitted assets, $772,876 99 

Liabilities. 

Unpaid losses, $42,980 11 

Unearned premiums on outstanding risks, .... 222,487 17 

Commissions and other charges due agents and brokers, . 3,091 89 

Due for return premiums, 3,105 47 

All liabilities, except capital and surplus, . . . $271,664 64 
Surplus to policy holders, .... $501,212 35 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 301,212 35 

Total liabilities, $772,876 99 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1902, . . $28,919,851 00 $481,162 90 

Fire risks written during 1903, . . . 20,962,464 00 339,001 80 

Total, $49,882,315 00 $820,164 70 

Risks expired and terminated, .... 18,910,674 00 300,468 51 

In force at end of year, $30,971,64100 $519,696 19 

Miscellaneous. 

Premiums received from organization of company, . . $6,025,337 00 

Losses paid from organization of company, .... 4,329,280 00 

Fire losses incurred during the year, 387,310 00 

* Value of land, $113,250; buildings, $208,000; insurance thereon, $122,500. 



millers' NATIONAL INSURANCE CO. 



285 



Schedule A. 

Slocks and Bonds owned by the Company. 



United States, D. C, bonds, 

Cook Co , 111., bonds, 

City of Chicago bonds, 

Chicago Board of Trade bonds, 

North Chicago City R'y bonds, 

St. Lo., Cass Ave. & Fair Grounds R.R. bonds 

Illinois Central R.R. bonds, 

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

Chicago, Burlington & Quincy R R. bonds, 

St Louis Terminal R R. bonds, 

Pere Marquette R.R. bonds, 

North Chicago Electric R'y bonds, 

Chicago Electric Transit R'y bonds, 

Sanitary District of Chicago bonds, 

Chicago Gas Light & Coke Co. bonds, 

Marseilles, 111., bonds, 

Effingham, 111., bonds, 

Des Plaines, 111., bonds, . 

Town of Wade, 111., bonds, 

Lincoln, 111., bonds, . 

Windsor, 111., bonds, . . • 

Mechanicsburg, 111., bonds, 

Lawrence County, 111., bonds, 

St. Claire County, 111., bonds, 

Osgood, Ind., bonds, . 

White Co., Ind , bonds, 

Mishawaka, Ind., bonds, . 

Jasper County, Ind , bonds, 

Sullivan County, Ind., bonds, 

Bonne Terre, Mo., bonds, . 

Poplar Bluff, Mo , bonds, . 

Kahoka, Mo., bonds, . 

Doniphan, Mo., bonds, 

Caruthersville, Mo., bonds, 

Stoddard County, Mo., bonds, 

Tracy, Minn., bonds, . 

Aberdeen, So. Dak., bonds, 

Mead County, So. Dak., bonds, 

South Side Elevated R'y, Chicago, stock, 

Chicago National Bank stock, . 



Book Value. 

$50,000 00 

60,000 00 

10,000 00 

10,000 00 

10,000 00 

25,000 00 

25,000 00 

10,000 00 

13,000 00 

50,000 00 

50,000 00 

10,000 00 

25,000 00 

20,000 00 

10,000 f)0 

4,000 00 

1,000 00 

2,056 35 

16,500 00 

25,000 00 

10,000 00 

3,000 00 

9,000 00 

7,000 00 

2,500 00 

10,000 00 

15,000 00 

5,000 00 

1,000 00 

15,000 00 

10,000 00 

12,800 00 

15,000 00 

26,000 00 

16,157 70 

5,000 00 

10,000 00 

1,800 00 

11,100 00 

10,000 00 



Market Value. 

$60,000 00 
60,600 00 
10,025 00 
10,150 00 
10,000 00 
25,500 00 
26,312 50 
11,425 00 
14,040 00 
50,250 00 
50,000 00 
10,000 00 
25,000 00 
20,500 00 
10,600 

4,090 

1,010 

2,056 
16,747 
25,250 
10,750 

3,086 

9,090 

7,560 

2,612 
10,150 
15,150 00 

5,075 00 

1,010 
16,575 
10,900 
13,920 
15,150 
26,390 00 
16,480 85 

5,050 00 
11,575 00 

1,953 00 
10,434 00 
36,000 00 



00 
00 
00 
35 
50 
00 
00 
25 
00 
00 
50 
00 



00 
00 
00 
00 
00 



$621,914 05 $672,467 95 



286 



MILWAUKEE FIRE INSURANCE CO. 



" MILWAUKEE FIRE INSURANCE COMPANY," MILWAUKEE, WIS. 

[Incorporated March 22, 1898. Commenced business March 23, 1898.] 

Paid-up Capital, $200,000. 

WM. L. JONES, President. H. A. NOLTE, Secretary. 

Income. 

Net fire premiums, . $274,572 22 

Interest on mortgage loans, $11,334. 69 ; stocks and bonds, 

$10,623.87; all other, $765.08, 22,723 64 

Reserve retained for reinsurance company, . . . . 7,615 24 



Total income 

Ledger assets, Dec. 31, 1902, less commissions due, 

Total, 



§304.911 10 
514,645 46 



,556 56 



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, 
All other disbursements, 

Total disbursements, 

Balance, 



$148,001 97 

75,513 01 

14,886 79 

700 00 

8,513 67 

5,611 25 

15,024 90 



,251 59 



$551,304 97 



Ledger Assets. 

Mortgages,* 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 



$227,464 58 

254,186 25 

45,071 95 

24,582 19 

$551,304 97 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,285.52 ; stocks and bonds, $275, 



Gross assets, 



2,560 52 



$553,865 49 



Liabilities 

Unpaid losses, including $1,500 resisted, $24,787.41; less 

reinsurance, $3,443.50, . $21,343 91 

Unearned premiums on outstanding risks, $221,687.77; plus 

same on disallowed reinsurance, $720.92, .... 222,40869 

Reserve for reinsurance company, > 7,615 24 

All liabilities, except capital and surplus, . . . $251,367 84 



* Value of land, $198,450; buildings, $280,450; insurance thereon, $189,000. 



MILWAUKEE MECHANICS' INSURANCE CO. 



287 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$302,497 65 



|200,000 00 
102,497 65 

$553,865 49 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$ 31,602,105 00 
. 27,905,958 00 



. $59,508,063 00 

. 21,486,234 00 

. $38,021,829 00 

. 3,515,986 00 



Premiums. 

|390,759 16 
351,007 76 

$741,766 92 
282,924 89 

$458,842 03 
42,543 08 



. $34,505,843 00 $416,298 95 



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, 



1,273,091 00 

647,913 00 

136,842 00 

67,370 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Wisconsin Nat'l Bank, Milwaukee, stock, 
South Side Elevated R.R. Co. (Chic.) bonds, 
Southern R'y Co. bonds, .... 
Union Pacific R.R. Co. bonds, . 
Milwaukee Light, Heat & Traction Co. bonds 
Wisconsin Traction Light, H. & P. Co. bonds 
Wisconsin Central R'y Co. bonds, . 
Flint & Pere Marquette R'y Co. bonds, . 
Niagara Falls Hyd. Power & Mfg. Co. bonds 
Atlantic Coast Line R.R. Co. bonds, 
Wabash R.R. Co. bonds, .... 
Norfolk & Western-Pocahontas joint bonds, 



Book Value. 

$11,250 00 
61,961 25 

8,900 00 
10,100 00 
26,500 

9,750 
22,250 
10,900 

8,900 00 
32,550 00 
28,875 00 
22,250 00 



00 
00 
00 
00 



Market Value. 

$11,250 00 

61,961 25 

8,900 00 

10,100 00 

26,500 00 

9,750 00 

22,250 00 

10,900 00 

8,900 00 

32,550 00 

28,875 00 

22,250 00 



$254,186 25 $254,186 25 



"MILWAUKEE MECHANICS' INSURANCE COMPANY," 
MILWAUKEE, WIS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.] 

Paid-up Capital, $200,000. 

WM. L. JONES, President. OSCAR GRIEBLING, Secretary. 

Income. 

Net fire premiums $1,333,936 53 

Interest on mortgage loans, $53,883.10; stocks and bonds, 

$51,444.99; all other, $196.43 105,524 52 



288 MILWAUKEE MECHANICS' INSURANCE CO. 

Rents, including company's own occupancy, .... $4,371 00 
From all other sources, 1,987 93 



Total income $ 1,445,819 98 

Ledger assets, Dec. 31, 1902, less commissions due, . . 2,687,030 86 



Total, $4,132,850 84 

Disbursements. 

Net amount paid for fire losses, $589,397 97 

Interest and dividends to stockholders, 80,000 00 

Commissions or brokerage, 322,676 34 

Salaries, fees, etc., of officers and employees, .... 95,976 07 

Rents, including company's own occupancy, .... 5,736 25 

Repairs and expenses on real estate, 2,052 44 

Real estate taxes, $988.90; other taxes and fees, $48,987.36, 49,976 26 

Loss on sale or maturity of ledger assets, .... 30,025 57 

All other disbursements, 62,025 99 



Total disbursements, $1,237,866 89 



Balance, $2,894,983 95 

Ledger Assets. 

Real estate, $48,000; mortgages,* $1,256,008.39, . . .$1,304,008 39 

Stocks and bonds (schedule A), 1,297,438 75 

Cash in banks and office, 107,234 54 

Agents' balances, 186,302 27 



Total ledger assets, $2,894,983 95 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $24,814.14; stocks and bonds, $6,483.33, . 31,297 47 



Gross assets,f $2,926,281 42 

Assets not admitted. 
Special deposits less $17,616.70 liability thereon, . . . 62,848 30 



Total admitted assets $2,863,433 12 



Liabilities. 

Unpaid losses, including $13,186.88 resisted, $108,396.66 
less reinsurance, $21,393.86, 

Unearned premiums on outstanding risks, $1,185,702.76 ; plus 
same on disallowed reinsurance, $4,896.99, . 

Reserve for reinsurance company, . . . 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,519,463 83 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$87,002 80 

1,190,599 75 
66,366 74 

$1,343,969 29 

200,000 00 
1,319,463 83 



Total liabilities $2,863,433 12 

* Value of land, $2,033,587; buildings, $1,256,050; insurance thereon, $819,750. 
t Including $200,000 special reserve held by treasurer of State of Wisconsin. 



MILWAUKEE MECHANICS' INSURANCE CO. 



289 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$ 190,490,476 00 $2,340,624 77 
. 136,687,264 00 1,790,736 18 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$327,177,740 00 $4,131,360 95 
. 117,884,473 00 1,566,625 10 



$209,293,267 00 $2,564,735 85 
. 22,910,925 00 312,910 55 



$186,382,342 00 $2,251,825 30 



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, . 



$19,736,345 00 
9,940,712 00 
578,306 00 
1,140,000 00 
80,000 00 
51,750 00 



Schedule A. 

Stocks and Bonds owned by the Company 






Washington County (Wis.) bonds, . 

Racine (Wis.) school bonds, 

Milwaukee city bonds, .... 

Brown County (Wis.) bonds, . 

Milwaukee County (Wis.) bonds, . 

St. Paul (Minn.) Board of Education bonds, 

Ramsey County (Minn.) bonds, 

Sanitary district of Chicago bonds, . 

South Side Elevated R.R. Co. bonds, 

Chicago, Burlington & Quincy R'y Co. bonds 

Union Pacific R.R. Co. bonds, . 

Elgin, Joliet & Eastern R'y Co. bonds, . 

Chicago & Alton R'y Co. bonds, 

Milwaukee Light, Heat & Traction Co. bonds 

Milwaukee City R'y Co. bonds, 

Southern R'y Co. bonds, .... 

Wabash R'y Co. bonds, .... 

Portland, Ore., water bonds, 

Kansas City, Southern R'y Co. bonds, 

Niagara Falls Hyd'lic Pow. & Mfg. Co. bonds 

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

Wisconsin Central R'y Co. bonds, . 

Norfolk & Western- Pocahontas joint bonds, 

Toledo, Walhond. Val. & Ohio R'y Co. bonds 

Wiscon. Traction, L't, H't & Pow. Co. bonds, 

State of Virginia century bonds, 

State of Georgia bonds, .... 

Southern R'y Co. bonds, .... 

Wabash R'y Co. bonds, .... 

Galves., Harrisb. & San Antonio R'y Co. bonds, 

The Milwaukee Elec. R'y & Light Co. stock, . 



Book Value. 

$30,750 00 
20,425 00 

141,416 25 
14,455 00 
23,920 00 

134,687 50 

106,500 00 
51,500 00 

100,750 00 
5,700 00 
25,250 00 
28,500 00 
22,200 00 
53,000 
25,875 
42,650 
9,750 
58,625 00 
35,000 00 
17,800 00 
21,800 00 
36,490 00 
44,500 00 
55,550 00 
14,625 00 
11,340 00 
10,500 00 
28,000 00 
21,300 00 
53,000 00 
25,300 00 



00 
00 
00 
00 



Market Value. 

$30,750 00 
20,425 00 

141,416 25 
14,455 00 
23,920 00 

134,687 50 

106,500 00 
51,500 00 

100,750 00 
5,700 00 
25,250 00 
28,500 00 
22,200 00 
53,000 00 
25,875 00 
42,650 00 
9,750 00 
58,625 00 
35,000 00 
17,800 00 
21,800 00 
36,490 00 
44,500 00 
55,550 00 
14,625 00 
11,340 00 
10,500 00 
28,000 00 
21,300 00 
53,000 00 
25,300 00 



290 THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 

Book Value. Market Value. 

First National Bank of Milwaukee stock, . $14,500 00 $14,500 00 
National Exchange Bank of Milwaukee stock, 7,020 00 7,020 00 

Milwaukee Underwriters' Bldg. Asso. stock, . 4,760 00 4,760 00 



.,297,438 75 $1,297,438 75 



"THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN," 

NEW YORK, N. Y. 

[Incorporated Jan. 30, 1852. Commenced business Feb. 3, 1852.] 

Paid-up Capital, $200,000. 

WM. HARKNESS, President. THOS. M. HARRIS, Secretarrj. 

Income. 

Net fire premiums, $340,737 68 

Interest on stocks and bonds, 21,303 95 

Rents, 1,699 92 

Profit on sale or maturity of ledger assets, .... 23,575 00 



Total income, $387,316 55 

Ledger assets, Dec. 31, 1902, less commissions due, . . 395,923 09 



Total, $783,239 64 

Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employ 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets 
Interest on borrowed money, . 
Borrowed money repaid, . 
Premiums paid on securities purchased, 
All other disbursements, . 

Total disbursements, . 
Balance, 



. $143,502 58 
20,000 00 
102,884 98 
ees, .... 11,396 70 

4,000 00 

3,837 94 

2,270 00 

871 13 

... . . 15,000 00 

33,254 86 

2,402 50 



$339,420 69 
$443,818 95 



Ledger Assets. 



Stocks and bonds (schedule A), $332,000 00 

Cash in banks and office, 48,086 66 

Agents 1 balances, 63,732 29 

Total ledger assets, $443,818 95 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 2,908 00 

Market value of stocks and bonds over book value, . . 188,586 00 



Gross assets, $635,312 95 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 



291 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $195,745.21 ; plus 
same on disallowed reinsurance, $4,013.21, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$408,555 84 



$26,998 69 
199,758 42 

$226,757 11 

200,000 00 
208,555 84 

$635,312 95 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $24,448,112 00 $261,562 15 
. 37,739,909 00 427,692 74 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $62,188,021 00 $689,254 89 
. 26,848,889 00 290,572 23 



.$35,339,132 00 $398,682 66 
. 2,488,607 00 25,651 91 



. $32,850,525 00 $373,030 75 



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, .... 



53,887,060 00 

1,613,811 00 

152,601 00 

1,362,500 00 

50,000 00 

20,000 00 

51,550 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



New York City bonds, 
Brooklyn Rapid Transit bonds, 
Consolidated Stock, N. Y. City, 
Brooklyn City R.R. stock, 
Manhattan Elevated R.R. stock, 
American Express Co. stock, . 
Consolidated Gas stock, N. Y. City, 
N. Y. & N. J. Telephone Co. stock, 
Nassau National Bank, Brooklyn, stock, 
Mechanics 1 Bank, Brooklyn, stock, . 
National City Bank, Brooklyn, stock, 



Book Value. 

$100,000 00 
10,000 00 
75,000 00 
80,000 00 
10,000 00 
10,000 00 
20,900 00 
10,000 00 
10,000 00 
3,600 00 
2,500 00 



Market Value. 

$102,000 00 

10,000 00 

76,500 00 

188,800 00 

14,400 00 

19,5C0 00 

40,546 00 

15,000 CO 

37,500 00 

8,640 00 

7,700 00 



$332,000 00 $520,586 00 



292 NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



" NATIONAL FIRE INSURANCE COMPANY OF HARTFORD," 

HARTFORD, CONN. 

[Incorporated June 4, 1869. Commenced business Dec. 1, 1871.] 

Paid-up Capital, $1,000,000. 

JAMES NICHOLS, President. B. R. STILLMAX, Secretary. 

Income. 

Net fire premiums §3,436,002 08 

Interest on mortgage loans, $ 29,625. 16; stocks and bonds, 

$198,255.07; all other, $5,992.15, 233,872 38 

Rents, 18,273 21 

Profit on sale or maturity of ledger assets, .... 192 18 

Total income, $3,688,339 85 

Ledger assets, Dec. 31, 1902, 6,282,612 75 

Total, . k $9,970,952 60 

Disbursements. 

Net amount paid for fire losses, $2,020,275 15 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 799,597 52 

Salaries, fees, etc., of officers and employees, .... 286,674 70 

Repairs and expenses on real estate, 4,955 81 

Real estate taxes, $ 8,052. 69; other taxes and fees, $127,891. 07, 135,943 76 

Profit and loss, 223 50 

All other disbursements, 266,567 77 

Total disbursements, $3,634,238 21 

Balance, $6,336,714 39 

Ledger Assets. 

Real estate, $393,650.17; mortgages, $617,715, . . .$1,011,365 17 

Stocks and bonds (schedule A), 4,616,843 38 

Cash in banks and office, 336,779 80 

Agents 1 balances, . 371,726 04 

Total ledger assets, $6,336,714 39 

Non-Ledger Assets. ' 
Market value of stocks and bonds over book value, . . 166,384 62 

Gross assets, $6,503,099 01 

Assets not admitted. 

Agents' balances over three months due, . $475 47 

Special deposits less $80,044.63 liab. thereon, 49,955 37 

Depreciation in book value of real estate, . 38,794 95 

Total unadmitted assets, .... 89,225 79 

Total admitted assets, £6,413,873 22 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



293 



Liabilities. 

Unpaid losses, including $35,298 resisted, .... $417,118 11 
Unearned premiums on outstanding risks, $3,173,451 .55 ; plus 

same on disallowed reinsurance, $13,266.61, . . . 3,186,718 16 

Reserved for contingencies, 50,000 00 

All liabilities, except capital and surplus, . . . f 3,653,836 27 
Surplus to policy holders, .... $2,760,036 95 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,760,036 95 

Total liabilities, 86,413,873 22 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, 

In force at end of year, . 

Amount reinsured, .... 

Net amount in force, 



Premiums. 

$693,079,201 00 $7,136,114 16 
. 432,544,193 00 5,183,735 78 



$1,125,623,394 00 $12,319,849 94 
.448,459,291 00 4,813,488 85 



$677,164,103 00 $7,506,361 09 
. 106,678,635 00 1,278,588 79 



$570,485,468 00 $6,227,772 30 



Miscellaneous. 

Fire losses incurred during the year, 

Dividends declared during the year (12 per cent.), 

Company's stock owned by directors, 



$2,063,963 00 

120,000 00 

82,900 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Alabama Midland R'y Co. bonds, . 
Atchison, Topeka & Santa Fe R'y bonds, 
Atlantic & Danville R'y Co. bonds, . 
Augusta Terminal R'y Co. bonds, . 
Bangor & Aroostook R.R. Co. bonds, 
Brooklyn Union Elevated R.R. Co. bonds, 
Buffalo Railway Co. bonds, 
Central of Georgia R'y Co. bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
Central Branch Union Pacific R'y Co. bonds, 
Chicago & Alton R.R. Co. bonds, 
Chicago, Burlington & Quincy R.R. Co. bonds 
Chicago & Cincinnati R.R. Co. bonds, 
Chicago & Indiana Coal R'y Co. bonds, . 
Chicago North Shore Street R'y Co. bonds, 
Chicago & Northwestern R.R. Co. bonds, 
Chic, Rock Island & Pacific R.R. Co. bonds, 
Chic. Terminal Transfer R.R. Co. bonds, 
Chic. & Western Indiana R.R. Co. bonds, 
Cincinnati, Dayton & Ironton R.R. Co. bonds, 
Cin., Indianapolis, St. L. & Chic. R.R. Co. b'ds 



Book Value. 

$27,250 00 
44,612 50 
94,375 00 
63,500 00 
15,000 00 
98,312 50 
26,250 00 

105,750 
94,087 
46,750 
22,500 
1,500 
21,200 
40,012 50 
26,500 00 
19,040 00 
25,725 00 
45,712 50 
50,500 00 
10,500 00 
34,300 00 



00 
50 
00 
00 
00 
00 



Market Value. 

$27,000 00 
48,000 00 
90,000 Oo 
60,000 00 
17,400 00 

100,000 00 
28,000 00 

102,750 00 
95,000 00 
45,000 00 
20,500 00 
1,880 00 
21,000 00 
46,000 00 
25,750 00 
19,040 00 
21,000 00 
39,000 00 
48,500 00 
11,200 00 
35,000 00 



294 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Cin , Indianapolis & Western R'y bonds,. 
Cin., Richmond & Muncie R.R. Co. bonds, 
Cleve , Columbus, Cin. & Indian. R.R. Co. b'ds 
Danbury & Norwalk R.R. Co. bonds, 
East Tenn., Va. & Georgia R.R. Co. bonds, 
Elgin, Aurora & Southern Traction Co. b'ds, 
Elgin, Joliet & Eastern R'y Co. bonds, . 
Erie Railway Co. bonds, .... 
Evansville & Terre Haute R.R. Co. bonds, 
Flint & Pere Marquette R.R. Co. bonds, . 
Galveston, Harris. & San Antonio R'y Co. b'ds 
Houston & Texas Central R.R. Co. bonds, 
Hunt'gd'n & Br'd Top Mt. R.R. & Coal Co. b'ds 
International & Great Northern R.R. Co. b'ds 
Iowa Central R'y Co. bonds, . 
Kanawha & Michigan R'y Co. bonds, 
Kansas City Cable R'y Co. bonds, 
Kas. City, Ft. Scott & Memphis R.R. Co. b'ds 
Knoxville & Ohio R.R. Co. bonds, . 
Louisville & Nashville R.R. Co. bonds, . 
Minneapolis & St. Louis R.R. Co. bonds, 
Mobile & Ohio R.R. Co. bonds, 
Morgan's La. & Tex. R.R. & St'mship Co. b'ds 
Nash , Chattanooga & St. Louis R'y Co. bonds 
New Hampshire Trac. Co. sinking fund bonds 
Nodaway Valley R.R. Co. bonds, 
Norfolk & Western R'y Co. bonds, 
Nor. & W'st. R'y Co., Pocah'nt's C. & C. Co. b'ds 
Northern Ohio Railway Co. bonds, . 
Northern Pacific Terminal Co. bonds, 
Northwestern Elevated R.R. Co. bonds, 
Peoria & Pekin Union R'y Co. bonds, 
Richmond & Danville R.R. Co. bonds, 
Rochester & Pittsburg R.R. Co. bonds, 
Sandusky, Mansfield & Newark R.R. Co. b'ds 
St. Louis, Iron Mt. & Southern R'y Co. bonds 
St. Louis & San Francisco R'y Co. bonds, 
St. Paul & Northern Pacific R'y Co. bonds, 
St. Paul, Minneapolis & Man. R'y Co. bonds, 
Seaboard & Roanoke R.R. Co. bonds, 
Savannah, Fla. & Western R'y Co. bonds, 
Southern Pacific R.R. Co. bonds, 
Southern Railway Co. bonds, . 
Texas & Pacific R'y Co. bonds, 
Toledo & Ohio Central R'y Co. bonds, 
Toledo Traction Co. bonds, 
Union Pacific R.R. Co. bonds, 
Wabash R.R. Co. bonds, . 
Wheeling & Lake Erie R'y Co. bonds, 
Galveston city bonds, 
Georgia State bonds, 
Lincoln city bonds, . 
New York city bonds, 
Portland city bonds, : 
Richmond city bonds, 
Silver City, N. M., bonds, . 
Territory of Arizona bonds, 
Galveston Wharf Co. bonds, 
North East School Dist. of Hart., Conn., bonds 
Sch'l Dist. No. 2, Sp'ngw'ls T'nsh'p, Mich , b'ds 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
25 
00 
25 



Book Value. 

$24,750 00 
31,950 
44,800 
11,000 
31,500 
25,000 
60,670 
68,025 
9,000 
33,350 00 
37,550 00 
27,630 00 
26,000 00 

124,625 00 
51,531 25 
11,400 00 
51,310 00 
28,887 50 
28,475 00 
58,175 
14,325 
57,301 
59,815 
45,256 

22.750 00 
5,120 00 

21.751 30 
47,187 50 
54,500 00 
58,650 00 
48,500 00 
40,210 00 
20,350 00 
60,215 00 
41,600 00 
69,125 00 
85,071 
42,000 
51,500 
51,625 
26,125 
26,406 
73,547 
97,522 

106,271 
49,250 
41,875 
73,000 
40,250 00 
25,200 00 
27,500 00 
12,240 00 

153,250 00 
61,625 00 
50,Q00 00 
10,200 00 
19,800 00 
25,000 00 
4,000 00 
12,600 00 



25 
00 
00 
00 
00 
25 
00 
50 
25 
00 
00 
00 



Market Value. 

$24,750 00 
31,500 00 
42,700 00 
11,400 00 
35,100 00 
25,000 00 
60,420 00 
66,000 00 
10,400 00 
32,100 00 
37,450 00 
29,700 00 
26,000 00 

123,750 00 
54,500 00 
13,500 00 
50,000 00 
29,250 00 
30,000 00 
58,750 00 
14,400 00 
58,750 00 
58,750 00 
44,850 00 
22,500 00 
5,000 00 
24,250 00 
44,500 00 
55,000 00 
57,000 00 
43,500 00 
36,800 00 
21,400 00 
62,220 00 
42,400 00 
67,000 00 
86,500 00 
43,050 00 
50,500 00 
55,000 00 
27,250 00 
26,250 00 
80,000 00 
97,900 00 

109,400 00 
50,500 00 
51,000 00 
73,800 00 
39,400 00 
18,750 00 
27,500 00 
12,000 00 

153,000 00 
59,000 00 
50,000 00 
10,000 00 
21,200 00 
25,000 00 
4,000 00 
12,000 00 



NATIONAL UNION FIRE INSURANCE CO. 



295 



Suffield & Thompson ville Bridge Co. bonds, 
Western Union Telegraph Co. bonds, 

45 shares Atch., Top. & Santa Fe R.R. Co. 



300 

500 

257 

200 

200 

255 

200 

1,155 

200 

661 

154 

150 

1,753 

100 

200 

27 

80 

150 

250 

535 

25 

46 

100 

509 

360 

75 

450 

100 

25 

809 

146 

207 

600 

750 



Belt R.R. & Stock Yd. Co., Ind'lis 
Chicago Great Western R.R. Co. 
Chic, Rock Isl. & Pac. R.R. Co. 
Ft. Wayne & Jackson R.R. Co., 
Georgia R.R. & Banking Co., 
Illinois Central R.R. Co., 
Mobile & Ohio R.R. Co., . 
N. Y., N. H. & Hartford R.R. Co. 
New York & Harlem R.R. Co., 
N. Y. Cent. & Hud. R. R.R. Co., 
Norfolk & Western R.R. Co., 
Oswego & Syracuse R.R. Co., 
Pennsylvania R.R. Co., 
Peoria & Bureau Valley R.R. Co. 
Pitts., Ft. Wayne & Chic. R.R. Co. 
St. Jos., So. B'd & So'th'n R.R. Co. 
Southern R'y Co., . 
Union Pacific R.R. Co., 
JEtna National Bank, Hartford, 
Charter Oak Nat'l Bank, Hart., 
Central National Bank, N. Y., 
City Bank, Hartford, . 
Far. & Mech. Nat'l Bank, Hart., 
Hartford National Bank, Hart., 
Nat'l Exch. Bank, Hartford, 
Nat'l Bank of the Repub., Boston 
Phoenix Nat'l Bank, Hartford, 
St. Paul Nat'l B'k, St. Paul, Minn 
Second Nat'l Bank, New Haven, 
Commercial Union Telegraph Co. 
Gold & Stock Telegraph Co., 
Hartford City Gas Lt. Co., Hart. 
111. & Miss. Telegraph Co., . 
Northwestern Telegraph Co., 



Book Value. 


Market Value. 


$28,000 00 


$28,000 00 


28,297 50 


26,750 00 


900 00 


4,050 00 


10,500 00 


15,500 00 


46,375 00 


42,500 00 


18,363 84 


35,980 00 


23,600 00 


29,000 00 


41,800 00 


49,000 00 


23,814 45 


32,640 00 


18,000 00 


18,000 00 


188,775 00 


225,225 00 


28,000 00 


40,000 00 


63,250 00 


79,320 00 


4,208 70 


13,090 00 


14,825 00 


15,000 00 


100,350 46 


104,303 00 


16,500 00 


20,000 00 


32,000 00 


36,000 00 


1,500 00 


1,620 00 


1,613 00 


6,240 00 


7,200 00 


12,750 00 


35,000 00 


46,250 00 


50,335 50 


55,640 00 


3,125 00 


4,500 00 


4,690 00 


4,140 00 


11,000 00 


12,000 00 


70,242 00 


70,242 00 


21,900 00 


22,500 00 


10,125 00 


10,500 00 


54,060 00 


54,000 00 


7,200 00 


10,000 00 


4,250 00 


4,250 00 


24,775 63 


23,258 00 


17,241 50 


17,520 00 


8,280 00 


10,350 00 


22,725 00 


22,500 00 


42,500 00 


45,000 00 


$4,616,843 38 $4,783,228 00 



"NATIONAL UNION FIRE INSURANCE COMPANY OF PITTS- 
BURG, PA," PITTSBURG, PA. 

[Incorporated Feb. 14, 1901. Commenced business March 1, 1901.] 

Paid-up Capital, $750,000. 

JAMES II. WILLOCK, President. E. E. COLE, Secretary. 

Income. 

Net fire premiums, . . . $713,214 09 

Interest on mortgage loans, $15,604.60; collaterals, $2,500 

stocks and bonds, $47,266.57; all other, $1,210.16, . '. 66,58133 

Rents, 548 75 

Profit on sale or maturity of ledger assets, .... 1,200 00 

From all other sources, 1,209 42 




Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



$782,753 59 
1,427,778 04 



Total, $2,210,531 63 



29(3 NATIONAL UNION FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $268,887 12 

Commissions or brokerage, 162,430 22 

Salaries, fees, etc., of officers and employees, .... 44,030 51 

Rents, 5,400 00 

Repairs and expenses on real estate, 400 92 

Real estate taxes, $47 ; other taxes and fees, $31,864.73, . 31,911 73 

Loss on sale or maturity of ledger assets, .... 44,936 33 

All other disbursements, 26,696 41 



Total disbursements, $584,693 24 



Balance, $1,625,838 39 



Ledger Assets. 

Real estate, $4,000; mortgages,* $291,822, .... $295,82200 

Loans secured by collateral (100 shares bank stock $80,000), 50,000 00 

Stocks and bonds (schedule A), 1,098,355 00 

Cash in banks and office, 88,648 23 

Agents' balances, : 91,932 58 

All other ledger assets, 1,080 58 



Total ledger assets, . $1,625,838 39 



Non-Ledger Assets. 

Interest accrued on mortgages, 4,779 11 

Market value of stocks and bonds over book value, . . 2,775 00 

Gross assets, $1,633,392 50 



Assets not admitted. 
Agents' balances over three months due, .... 635 73 



Total admitted assets, $1,632,756 77 



Liabilities. 

Unpaid losses, including $3,250 resisted, $52,009.47 ; less re- 
insurance, $1,208.62, $50,800 85 

Unearned premiums on outstanding risks, $496,680.25 : plus 

same on disallowed reinsurance, $3,466.72, . . . . 500,146 97 

Reserved for contingencies, 10,000 00 



All liabilities, except capital and surplus, . . . $560,947 82 
Surplus to policy holders, .... $1,071,80895 

Paid-up capital, 750,000 00 

Surplus over capital and general liabilities, .... 321,808 95 

Total liabilities, $1,632,756 77 

* Value of land, $222,040; buildings, $376,760; insurance thereon, $290,450. 



NATIONAL UNION FIRE INSURANCE CO. 



297 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Net amount in force, 



. $48,211,334 00 
. 70,843,328 00 



Premiums. 

$580,463 15 
925,236 27 



$119,054,662 00 $1,505,699 42 
. 45,311,489 00 572,764 95 



$73,743,173 00 
3,894,132 00 



$932,934 47 
47,730 58 



. $69,849,041 00 $885,203 89 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 



Pennsylvania Water Co. bonds, 
Union Gas Co. bonds, 
West Braddock Bridge Co. bonds, 
Sharon Steel Co. bonds, . 
Standard Sanitary Manufacturing Co bonds, 
New York city bonds, 
Latrobe Water Co. bonds, 
Pittsburgh & Buffalo Co. bonds, 
Conn. R'y & Lighting Co, bonds, 
St. Joseph Water Co. bonds, 
Pittsburgh, Bessemer & Lake Erie bonds, 
Philadelphia city bonds, . 
Central of Georgia R'y bonds, . 
Mass. Metropolitan Water Co. bonds, 
Beaver Valley Water Co. bonds, 
Western Union Telegraph Co. bonds, 
Metropolitan Street R'y Co. bonds, 
Norfolk & Western R.R. bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
Racine Water Co. bonds, . 
Monongahela River C. C. & C. Co. bonds, 
Pittsburg Brewing Co. bonds, . 
Jefferson County, Ind., bonds, . 
Delaware State bonds, 
Donnelly & Nicola bond, . 
Union Switch & Signal Co. bonds, 
McConway & Torley Co. bonds, 
Pittsburgh Lamp, Brass & G. Co. bonds, . 
25 shares Farmers' Dep. Nat'l Bank (Pitts.) 



25 

1,800 

84 

200 

200 



Second National Bank (Pitts.), 
Pennsylvania R.R. Co., . 
Pitts & Lake Erie R.R Co., 
Chicago & Alton R.IJ, . 
Illinois Central R.R., . 



Book Value. 

$55,000 00 
21,000 00 
23,000 00 
23,000 00 
50,000 00 
52,500 00 
30,000 00 
20,000 00 
20,000 00 
50,000 00 
23,000 00 
10,500 00 
18,300 00 
86,000 00 
20,000 00 
25,000 00 
24,500 00 
25,000 00 
24,500 00 
20,000 00 
27,500 00 
27,500 00 
25,000 00 
19,375 00 

100,000 00 
20,000 00 
30,000 00 
25,000 00 
22,900 00 
17,50Q 00 

108,000 00 
14,280 00 
14,000 00 
26,000 00 



.,434,231 00 
458,428 00 
270,554 00 
282,500 00 



Market Value . 

$55,000 00 
21,000 00 
24,150 00 
23,000 00 
50,000 00 
51,000 00 
30,000 00 
20,000 00 
20,000 00 
50,000 00 
22,400 00 
10,200 00 
18,000 00 
84,000 00 
20,000 00 
25,500 00 
22,125 00 
24,000 00 
23,750 00 
20,000 00 
28,125 00 
27,500 00 
25,000 00 
19,000 00 

100,000 00 
20,000 00 
30,000 00 
25,000 00 
30,000 00 
20,000 00 

107,100 00 
14,280 00 
15,000 00 
26,000 00 



$1,098,355 00 $1,101,130 00 



298 NEWARK FIRE INSURANCE CO. 



"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. 

Income. 

Net fire premiums, $160,556 40 

Interest on mortgage loans, $9,472.69; stocks and bonds, 

$15,799.50, 25,272 19 

Rents, 2,350 92 

Total income, $188,179 51 

Ledger assets, Dec. 31, 1902, less commissions due, . . 556,738 68 

Total, $744,918 19 

Disbursements. 

Net amount paid for fire losses, $95,936 76 

Interest and dividends to stockholders, 24,862 00 

Commissions or brokerage, 35,542 27 

Salaries, fees, etc., of officers and employees, .... 24,128 46 

Rents, 48 00 

Repairs and expenses on real estate, 615 87 

Real estate taxes, $2,724 . 85 ; other taxes and fees, $6,809 . 79, . 9,534 64 

Premiums on stocks, 800 00 

All other disbursements, 10,540 95 

Total disbursements, $202,008 95 

Balance, $542,909 24 

Ledger Assets. 

Real estate, $44,100; mortgages,* $177,405, .... $221,50500 

Stocks and bonds (schedule A), 271,550 00 

Cash in banks and office 27,740 62 

Agents' balances, 22,113 62 

Total ledger assets, . . . . . . . . $542,909 24 

Non-Ledger Assets. 

Interest due and accrued : ■ — 

On mortgages, $2,592.33 ; stocks and bonds, $3,606.98, . . 6,199 31 

Rents due on company's property, 149 05 

Market value of real estate over book value, .... 43,000 00 

Market value of stocks and bonds over book value, . . 106,805 00 

Gross assets, $699,062 60 

Assets not admitted. 

Agents" balances over three months due, . . . . 2,181 83 

Total admitted assets, $696,880 77 

* Value of land, $1S2,900; buildings, $302,400; insurance thereon, $246,700. 



NEWARK FIEE INSURANCE CO. 



299 



Liabilities. 

Unpaid losses, including $613.73 resisted, $8,495.81; less 

reinsurance, $25, $8,470 81 

Unearned premiums on outstanding risks, .... 139,240 39 

Dividends due stockholders, 7,026 25 

Salaries and other miscellaneous expenses, due or accrued, . 2,525 93 

All liabilities, except capital and surplus, . . . $157,263 38 
Surplus to policy holders, .... $539,61739 

Paid-up capital, 250,000 00 

Surplus over capital and general liabilities, .... 289,617 39 

Total liabilities, . . $696,880 77 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $33,306,677 00 $276,794 89 
. 22,702,138 00 207,470 04 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $56,008,815 00 $484,264 93 
. 21,751,281 00 197,585 28 



. $34,257,534 00 $286,679 65 
. 1,843,848 00 13,343 97 



.$32,413,686 00 $273,335 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 (10 per cent ), 
Company's stock owned by directors, . . . . 



$5,746,693 00 

2,990,868 00 

85,999 00 

965,577 00 

25,000 00 

27,820 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, .... 

West Shore R.R. bonds, . 

Essex Passenger R.R. bonds, . 

Hoboken Land and Improvement bonds, 

Essex County Park bonds, 

Newark Gas Co. bonds, 

Elizabeth city bonds, 

Newark consolidated gas bonds, 

Hudson County Gas Co. bonds, 

Morris & Essex R.R. stock, 

Newark city water bonds, 

National State Bank stock, Newark, N. J 

National Newark Banking Co. stock, 



Book Value. 

$38,000 00 
48,000 00 
5,000 
25,000 
35,000 
10,000 
15,000 
15,000 
20,000 00 
20,000 00 
4,000 00 
15,900 00 
20,650 00 



00 
00 
00 
00 
00 
00 



Market Value. 

$40,740 00 

51,240 00 

5,050 00 

26,250 00 

37,450 00 

13,600 00 

14,850 00 

15,750 00 

20,800 00 

37,000 00 

4,240 
34,980 
76,405 



00 
00 
00 



$271,550 00 $378,355 00 



300 



NEW HAMPSHIRE FIRE INSURANCE CO. 



"NEW HAMPSHIRE FIRE INSURANCE COMPANY," 
MANCHESTER, N. H. 

[Incorporated 1869. Commenced business April, 1«70.] 

Paid-up Capital, $1,000,000. 
UBERTO C. CROSBY, President. FRANK W. SARGEANT, Secretary'. 

Income. 

Net fire premiums, $1,706,595 39 

Interest on mortgage loans, $26,319.72 ; collaterals, $4,500; 



stocks and bonds, $109,103.86, 

Rents, 

Profit and loss, 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 

Total 



139,923 58 

19,188 99 

89 32 

$1,865,797 28 
3,040,754 83 

$4,906,552 11 



Disbursements. 

Net amount paid for fire losses, $843,564 77 

Interest and dividends to stockholders, 100,000 00 

Commissions or brokerage, 412,348 77 

Salaries, fees, etc., of officers and employees, .... 76,073 27 

Rents, 905 65 

Repairs and expenses on real estate, 8,067 60 

Real estate taxes, $3,052 . 59 ; other taxes and fees, $49,428 . 08, 52,480 67 

Loss on sale or maturity of ledger assets, .... 88,835 02 

All other disbursements, 93,726 08 

Total disbursements $1,676,001 83 

Balance, $3,230,550 28 



Ledger Assets. 

Real estate, $165,781.62; mortgages,* $457,200, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 

Total ledger assets, 



$622,981 62 
80,000 00 

2,143,903 So 
212,047 17 
171,617 64 

$3,230,550 28 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,815 ; stocks and bonds, $8,424, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, . 

Gross assets, 



13,239 00 

622,778 65 

11,278 77 

'3,877,846 70 



* Value of land, $450,075; buildings, $729,600: insurance thereon, $499,S13. 



NEW HAMPSHIRE FIRE INSURANCE CO. 



301 



Assets not admitted. 

Special deposits less $10,712.82 liability thereon, 

Total admitted assets, .... 



$587 18 



1,877,259 52 



Liabilities. 

Unpaid losses, including $13,259 resisted, $267,033.32 ; less 

reinsurance, $36,853.27, $230,180 05 

Unearned premiums on outstanding risks, $1,421,416.51 ; plus 

same on disallowed reinsurance, $432.47, .... 1,421,848 98 

Due for return premiums, $19,536. 55; reinsurance,$13,167.51, 32,704 06 



All liabilities, except capital and surplus, . . . $1,684,733 09 
Surplus to policy holders, .... $2,192,526 43 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,192,526 43 

Total liabilities, $3,877,259 52 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$236,274,844 00 $2,866,603 95 
155,467,466 00 2,040,403 38 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$391,742,310 00 $4,907,007 33 
148,532,895 00 1,925,628 15 



$243,209,415 00 $2,981,379 18 
. 15,600,398 00 193,350 19 



$227,609,017 00 $2,788,028 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 (10 per cent.), . 
Company's stock owned by directors, .... 



522,804,304 00 

12,431,688 00 

921,712 00 

1,571,858 00 

100,000 00 

229,600 00 



Schedule A. 
Securities held as Collateral. 



250 shares Swift Refrigerator Trans. Co., 
426 " Preferred Stock Exeter Mfg. Co., 
Exeter Mfg. Co. bonds, .... 
350 shares Preferred Stock Am. Woolen Co., 
150 " Swift & Co., .... 



Market Value. 

$31,250 00 
21,300 00 
12,000 00 
23,100 00 
15,150 00 



Loaned Thereon. 

$25,000 00 
25,000 00 

30,000 00 



$102,800 00 $80,000 00 



302 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Schedule B. 

Stocks and Bonds owned by the Company. 



United States government bonds, 

City of Cleveland, Ohio, bonds, 

City of Columbus, Ohio, bonds, 

City of East Portland, Oregon, bonds, 

City of Seattle, Wash., bonds, . 

State of Georgia bonds, 

Central R.R. Co. of New Jersey bonds, 

Watertown & Rome R.R. bonds, 

N. Y. & New England R.R. bonds, . 

Boston, Concord & Montreal R.R. bonds, 

Concord & Montreal R.R. bonds, 

Fitchburg R.R. bonds, 

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

Grand Rapids, Belding & Saginaw R.R. bonds 

Chic, Burlington & Quincy R.R. bonds, . 

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

Union Pacific R.R. bonds, . 

Missouri Pacific R'y Co. bonds, 

Northern Pacific R.R. bonds, . 

Oregon Short Line R.R. bonds, 

Montana Central R.R. bonds, . 

Lehigh Valley Terminal R'y Co. bonds, . 

St. Lo., Iron Mt. & Southern R.R. Co. bonds, 

Utah & Northern R.R. bonds, . 

Cin., Richmond & Muncie R.R. bonds, 

Northern Pacific-Gt. Northern bonds, 

Toledo, St. Louis & Western R.R. bonds, 

Omaha St. R.R. Co. bonds, 

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

Manchester Traction Lt. & Power Co. bonds, 

Hillsborough Co., N. H., bonds, 

Adams Express Co. bonds, 

Central Loan & Land Co. bonds, 

National Loan & Trust Co. bonds, . 

Nashua Card & Glazed Paper Co. bonds, 

Grand Forks Gas & Electric Co. bonds, . 

Minneapolis General Electric Co. bonds, . 

Swift & Co., Chicago, bonds, . 

American Telephone & Telegraph Co. bonds, 

Western Telephone & Telegraph Co. bonds, 

Western Union Telegraph Co. bonds, 

Great Northern Paper Co. bonds, 

Suncook Valley R.R. stock, 

Pennsylvania R.R. stock, .... 

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

N. Y., New Haven & Hartford R.R. stock, 

Norwich & Worcester R.R. stock, . 

Pemigewassett Valley R R. stock, . 

Boston & Albany R R. stock, . 

Boston & Maine R.R. stock, 

Concord & Montreal R.R. stock, 

Delaware & Hudson Canal Co. stock, 

Maine Central R.R. stock, 

Northern R.R., N. H., stock, 

Fitchburg R.R. stock, 



00 
00 
00 
00 
00 



Book Value. 

$25,000 00 
50,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
25,000 00 
10,000 00 
20,000 00 
50,000 00 
165,000 00 
40,000 00 
46,100 00 

8,000 00 
43,758 00 
25,000 00 

9,900 00 
10,000 00 
24,968 75 
45,000 00 
24,250 
25,000 
18,300 
12,000 
25,000 
85,000 00 
22,437 50 
25,000 00 
50,000 00 
25,000 00 
15,000 00 
19,881 

5,200 

4,310 
10,000 

4,900 
23,750 00 
25,000 00 
54,600 00 
16,000 00 
25,000 00 
49,750 00 

4,000 00 
93,750 00 
70,000 00 
44,000 00 

5,000 00 
26,000 00 
20,000 00 
30,000 00 
37,500 00 
30,000 00 
10,000 00 
13,000 00 

9,200 00 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



Market Value. 

$27,250 00 
51,000 00 
10,800 00 
30,500 00 
10,500 00 
11,300 
32,500 
11,000 
20,400 
57,500 

172,000 
42,000 00 
49,500 00 
9,040 00 
63,000 00 
24,500 00 
10,200 00 
11,800 00 
24,500 00 
53,050 00 
30,250 
28,250 
18,200 
13,200 
26,500 

154,700 

20,750 

26,500 

52,000 

26,750 00 

15,000 00 

25,500 00 

5,200 00 

5,000 00 

10,000 00 

5,000 00 

25,000 00 

25,500 00 

51,700 

16,000 

27,000 

50,000 

4,600 

111,562 
83,300 
86,240 
11,100 00 
33,800 00 
49,000 00 
50,600 00 
69,000 00 
50,100 00 
17,400 00 
20,930 00 
13,500 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
50 
00 
00 



NEW YOEK FIRE INSURANCE CO. 



303 



Pitts., Ft. Wayne & Chicago R.R. stock, . 
Illinois Central R.R. stock, .... 
Baltimore & Ohio R.R. stock, . 
Chic, Rock Is. & Pacific R.R. stock, 
Chicago June. R'ys & Union St'k Yds. Co. st'k, 
Chicago & Northwestern R.R. stock, 
Chic, Milwaukee & St. Paul R.R. stock, . 
Chicago Great Western R'y Co. stock, 
Merchants' Nat'l Bank, Manchester, N. H., st'k, 
Pemigewasset Nat'l B'k, Plymouth, N. H., st'k, 
First Nat'l Bank, Peterborough, N. H., stock, 
First Nat'l Bank, Concord, N. H., stock, . 
Laconia Nat'l Bank, Laconia, N. H., stock, 
Lancaster Nat'l Bank, Lancaster, N. H., stock 
Lancaster Trust Co., Lancaster, N. H., stock, 
Exeter Banking Co,, Exeter, N. H., stock, 
Amoskeag Manuf. Co., Manchester, N. H., st'k 
Amory Manufacturing Co. stock, 
Manchester Mills, Manchester, N. H., stock, 
Pullman Palace Car Co. stock, . 
Manchester, N. H., Gas Light Co. stock, . 
American Express Co. stock, . 
Adams Express Co. stock, 
American Telephone & Telegraph Co. stock, 
Underwriters' Salvage Co. of N. Y. stock, 
American Sugar Refinery Co. stock, 
Massachusetts Gas Co. stock, . 
Western Union Telegraph Co. stock, 
No. Western Elevator Co. stock, 



Book Value. 

$20,000 00 

79,973 60 

8,650 00 

3,300 00 

20,000 00 

46,000 00 

29,175 00 

23,125 00 

13,000 00 

6,000 00 

5,000 00 

8,000 00 

2,400 00 

5,000 00 

2,500 00 

1,000 00 

10,000 00 

3,300 00 

40,000 00 

30,000 00 

2,100 00 

20,000 00 

5,000 00 

68,000 00 

400 00 

30,000 00 

23,300 00 

8,125 00 

20,000 00 



Market Value. 

$37,000 00 

104,800 00 

8,900 00 

4,620 00 

23,800 00 

77,740 00 

52,920 00 

21,250 00 

17,550 00 

12,000 00 

6,500 00 

26,000 00 

2,400 00 

6,250 00 

2,250 00 

1,100 00 

18,000 00 

3,960 00 

40,000 00 

65,700 00 

13,650 00 

39,000 00 

22,500 00 

87,720 00 

400 00 

36,900 00 

23,700 00 

8,600 00 

20,000 00 



1,143,903 85 $2,766,682 50 



"NEW YORK FIRE INSURANCE COMPANY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated April 18, 1832. Commenced business Dec. 
Paid-up Capital, $200,000. 
AUGUSTUS COLSOX, President. CHARLES A. 

Income. 

Net fire premiums, 

Interest on collaterals, $53.48 ; stocks and bonds, $9,701. 

all other, $4,790.76, 

Rents, 

From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1902, 



THE CITY OF 

22, 1832.] 

HULL, Secretary. 

$330,563 31 



25; 



14,545 49 
1,774 96 
4,687 91 

$351,571 67 
393,319 89 




Total, $744,891 56 

Disbursements. 

Net amount paid for fire losses, $140,214.73; marine, $3,- 

408.68, $143,623 41 

Interest and dividends to stockholders, 12,000 00 

Commissions or brokerage, 87,803 65 

Salaries, fees, etc., of officers and employees, .... 28,771 50 



304 



NEW YORK FIRE INSURANCE CO. 



Repairs and expenses on real estate, 

Real estate taxes, $1,323.28 ; other taxes and fees, $6,680.88, . 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 

Total disbursements, 

Balance, 



$844 57 

8,004 16 

21,941 92 

19,124 26 

$322,113 47 

$422,778 09 



Ledger Assets. 



Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' balances, 



Total ledger assets, . 



$100,000 00 

265,000 00 

18,367 94 

39,410 15 

$422,778 09 



Non-Ledger Assets. 

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



Gross assets, 



20,000 00 
52,880 00 

$495,658 09 



Liabilities. 

Unpaid losses, including $525 resisted, $22,835.83; less 
reinsurance, $2,105.81, $20,730 02 

Unearned premiums on outstanding risks, $191,962.81 ; plus 

same on disallowed reinsurance, $2,532.53, . . . . 194,495 34 

Salaries and other miscellaneous expenses, due or accrued, . 2,861 91 

All liabilities, except capital and surplus, . . . $218,087 27 
Surplus to policy holders, .... $277,570 82 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 77,570 82 

Total liabilities, $495,658 09 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

. $26,343,894 00 $309,707 66 
. 35,005,457 00 415,878 95 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$61,349,351 00 $725,586 61 
. 29,193,265 00 338,717 00 



,156,086 00 $386,869 61 
1,669,875 00 21,142 46 



.$30,486,211 00 $365,727 15 



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, .... 



$7,053,286 00 

3,382,921 00 

136,627 00 

1,538,000 00 

12,000 00 

89,600 00 



NIAGARA FIRE INSURANCE CO. 



305 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, . 

Pennsylvania R.R. Co. stock, . 

National Bank of Commerce stock, 

Underwriters 1 Salvage Co. stock, 

Consolidated Gas Co. stock, 

Franklin Trust Co. stock, . 

N. Y. Central & Hudson River R.R. Co. stock, 

Illinois Central R R. Co. stock, 



Book Value. 

|200,000 00 

20,000 00 

6,500 00 

1,000 00 

12,500 00 

5,000 00 

10,000 00 

10,000 00 



Market Value. 

|212,000 00 

23,800 00 

14,105 00 

1,000 00 

24,375 00 

17,500 00 

12,000 00 

13,100 00 



$265,000 00 $317,880 00 



" 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. 

Income. 

Net fire premiums, $2,488,528 19 

Interest on mortgage loans, $14,198.37; stocks and bonds, 

$111,186.58; all other, $5,220.68, 130,605 63 

Discounts, . . 3,903 68 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



. $2,623,037 50 
. 3,017,006 36 



Total, $5,640,043 86 

Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, 

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



$1,139,710 46 

99,980 00 

512,628 87 

183,578 83 

24,239 92 

68,699 06 

98,037 55 

141,977 84 



Total disbursements, $2,268,852 53 



Balance, $3,371,191 33 

Ledger Assets. 

Mortgages,* $344,000 00 

Stocks and bonds (schedule A), 2,415,000 00 

Cash in banks and office, 272,932 03 

Agents' balances, 339,259 30 



Total ledger assets, $3,371,191 33 



* Value of land, $247,500; buildings, $282,000; insurance thereon, $242,500. 



306 



NIAGARA FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $ 5,089. 21; stocks and bonds, $6,550; other 

assets, $560.95, 

Market value of stocks and bonds over book value, 



$12,200 16 
478,640 00 



Gross assets,* $3,862,031 49 

Assets not admitted. 



Agents' balances over three months due, 
Special deposits less $50,535.94 liab. thereon, . 
Total unadmitted assets, .... 



$2,269 53 
60,114 06 



Total admitted assets, 



62,383 59 
. $3,799,647 90 



Liabilities. 



Unpaid losses, including $27,498 resisted, $258,271.77; less 
reinsurance, $41,817.81, 

Unearned premiums on outstanding risks, $1,936,726.33 ; plus 
same on disallowed reinsurance, $16,221.21, 

Dividends due stockholders, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,630,226 40 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



Total liabilities, 



$216,453 96 

1,952,947 54 
20 00 

;2,169,421 50 

500,000 00 
1,130,226 40 

13,799,647 90 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$364,243,324 00 $3,852,744 74 
. 277,322,911 00 3,353,567 58 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



$641,566,235 00 $7,206,312 32 
.255,316,440 00 2,993,118 82 



$386,249,795 00 $4,213,193 50 
. 46,538,517 00 487,157 39 



Net amount in force, . 



$339,711,278 00 $3,726,036 11 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds oivned by the Company. 

Book Value. 

United States bonds, $35,000 00 

Territory New Mex. Provis'nal Indebt. bonds, 10,000 00 



$51,227,854 00 

28,120,420 00 

1,171,780 00 

2,854,000 00 

100,000 00 

172,850 00 



Market Value. 

$38,150 00 
11,500 00 



* Including $250,000 special reserve held under New York laws. 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 307 



New York city bonds, 

Wabash R'y Co. bonds, 

No. Pac. R'y Co. Prior Lien & L'd Grant b'ds 

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

Denver & Rio Grande R.R. Co. bonds, 

Union Pacific R.R. bonds, .... 

Baltimore & Ohio R'y Co. bonds, 

Norfolk & Western R'y Co. bonds, . 

Central Pacific R.R. bonds, 

Northern Pacific, Gt. North. R.R. joint bonds, 

The Third Avenue R.R. Co. bonds, . 

Lake (111.) Gas Co. of Cook Co., 111., bonds, 

Lehigh & Wilkes-Barre Coal Co. bonds, . 

Lehigh Coal & Navigation Co bonds, 

The N. Y. Gas. Elec Lt , Ht. & P. Co. bonds, 

Hackensack Water Co. bonds, . 

Norfolk & Western Pocahontas joint bonds, 

Chateaugay Ore & Iron Co. bonds, . 

City of Portland, Ore., water loan bonds, 

Port of Portland, Ore., bonds, . 

Kansas City, Ft. Scott & Memphis R'y bonds, 

550 shares Lehigh Coal & Navigation Co., 

300 ' 
1,000 ' 

500 ■ 

100 ' 

100 ' 

200 ' 
4,000 ' 

400 ■ 

350 ■ 
1,635 ' 
1,000 ' 
1,500 ■ 
2,000 ' 
1,000 ■ 



N. Y., Lack. & Western R'y, 
Chicago, Mil. & St. Paul R.R., 
Union Pacific R.R., 
Pitts., Ft. Wayne & Chic , . 
Renssalaer & Saratoga R R , 
Cleveland & Pittsburg R.R., 
Pennsylvania R.R., 
Morris & Essex R.R., . 
Amer. Exch. National Bank, 
Consolidated Gas Co., . 
Missouri Pacific R'y, 
Chicago, Mil & St. Paul, . 
Northern Securities Co., 
Chicago & Northwestern R.R., 



Book Value. 


Market Value. 


. $485,000 00 


$485,000 00 


25,000 00 


28,750 00 


25,000 00 


25,750 00 


50,000 00 


50,000 00 


15,000 00 


15,000 00 


40,000 00 


41,200 00 


50,000 00 


49,000 00 


25,000 00 


24,000 00 


50,000 00 


50,000 00 


50,000 00 


46,500 00 


50,000 00 


48,500 00 


20,000 00 


23,000 00 


20,000 00 


20,000 00 


25,000 00 


25,750 00 


50,000 00 


46,000 00 


50,000 00 


49,000 00 


50,000 00 


44,500 00 


9,000 00 


9,000 00 


10,000 00 


12,200 00 


40,000 00 


48,800 00 


25,000 00 


19,750 00 


27,500 00 


35,750 00 


30,000 00 


39,300 00 


100,000 00 


177,000 00 


50,000 00 


44,500 00 


10,000 00 


17,900 00 


10,000 00 


20,000 00 


10,000 00 


17,900 00 


200,000 00 % 


238,000 00 


20,000 00 


37,000 00 


35,000 00 


78,750 00 


163,500 00 


317,190 00 


100,000 00 


93,000 00 


150,000 00 


219,000 00 


200,000 00 


180,000 00 


100,000 00 


167,000 00 


$2,415,000 00 I 


£2,893,640 00 



"THE NORTH BRITISH AND MERCANTILE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated October, 1897. Commenced business October, 1897.] 

Paid-up Capital, $200,000. 

E. G. RICHARDS, President. J. F. HASTINGS, Vice-President ana Secretary. 

Income. 

Net fire premiums, $142,260 76 

Interest on stocks and bonds, $22,143.22 ; all other, $330.74, 22,473 96 



Total income, $164,734 72 

Ledger assets, Dec. 31, 1902, less commissions due, . . 628,742 29 



Total, . 



Disbursements. 



Net amount paid for fire losses, 
Interest and dividends to stockholders, . 



. $793,477 01 



|30,655 60 
20,000 00 



308 THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



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

Rents, 

Taxes and fees, 

Profit and loss, 

All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 

Due for reinsurance on losses paid, . 

Total ledger assets, 

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



$30,687 83 
4,792 91 
1,800 00 
4,046 61 
21 60 
5,381 15 

$97,385 70 

|696,091 31 



$661,200 30 

19,335 53 

15,431 94 

123 54 

$696,091 31 



755 00 



Gross assets, 



$696,846 31 



Assets not admitted. 

Agents 1 balances over three months due, . 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 



Total admitted assets, 



Liabilities. 



$592 19 
33,570 30 



Unpaid losses, including $1,500 resisted, $14,817.15; less 
reinsurance, $9,009.57, 

Unearned premiums on outstanding risks, $100,198.49; plus 
same on disallowed reinsurance, $74.26, . 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $556,603 49 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



Total liabilities, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$26,312,450 00 
34,139,105 00 



,451,555 00 

25,407,368 00 

35,044,187 00 

8,117,773 00 



34,162 49 

$662,683 82 

$5,807 58 
100,272 75 

$106,080 33 

200,000 00 
356,603 49 

$662,683 82 



Premiums. 

$219,351 70 
256,565 11 

$475,916 81 
214,806 43 

$261,110 38 
81,560 70 



.$26,926,414 00 $179,549 68 



NORTHERN INSURANCE CO. OF NEW YORK. 



309 



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.), 



$418,657 00 

137,947 00 

28,527 00 

32,000 00 

20,000 00 



Schedule A. 

Stocks and Bonds owned by the 



Northern Pacific & Great Northern bonds, 
New York State canal improvement bonds, 
City of Brooklyn, Wallabout, bonds, 
New York city bonds, .... 
1,000 shares Southern R'y Co., . 

300 " Southern R'y, Mobile & Ohio, 
1,000 " Chicago, Mil. & St. Paul R'y, 

300 " Hocking Valley R'y Co., . 

100 " Chicago & Northwestern R'y Co., 



Company. 

Book Value. 

$47,556 25 
51,604 00 
53,218 00 

161,826 22 
83,000 00 
26,979 77 

191,251 94 
25,902 09 
19,862 03 



Market Value. 

$45,500 00 
50,000 00 
50,000 00 

152,930 00 
79,000 00 
27,000 00 

177,000 00 
25,200 00 
21,000 00 



$661,200 30 $627,630 00 



"NORTHERN INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897.] 

Paid-up Capital, $250,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 



Income. 

Net fire premiums, $326,963 95 

Interest on stocks and bonds, $21,411.49; all other, $1,999.92, 23,411 41 

Rents, ; 1,408 29 



Total income, $351,783 65 

Ledger assets, Dec. 31, 1902, 627,304 10 



Total $979,087 75 

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, $772.91 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

Total disbursements, 

Balance, 



,619.78,. 



$156,956 00 

12,335 00 

135,908 91 

474 95 

4,000 00 

415 47 

11,392 69 

3,397 61 

$324,880 63 

$654,207 12 



310 



NORTHERN INSURANCE CO. OF NEW YORK. 



Ledger Assets 



Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' balances, 

Total ledger assets, . 



$80,000 00 

514,281 40 

22,717 36 

37,208 36 

$654,207 12 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, 
Market value of real estate over book value, . 
Reinsurance due on losses paid, 



2,083 33 

10,000 00 

4,366 50 



Gross assets $670,656 95 



Assets not admitted. 

Depreciation in book value of stocks and bonds, $12,394 40 
Due for reinsurance in unauthorized com- 
panies, ........ 4,000 00 

Total unadmitted assets, .... 



Total admitted assets, 



16,394 40 
$654,262 55 



Liabilities. 

Unpaid losses, including $3,550 resisted, $24,539.40; less 

reinsurance, $9,166.66, . 
Unearned premiums on outstanding risks, 
Dividends due stockholders, 
Due for reinsurance premiums, 
Taxes, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, 



$416,331 14 



$15,372 74 

214,846 70 

165 00 

1,546 97 

6,000 00 

$237,931 41 

250,000 00 

166,331 14 



Total liabilities, $654,262 55 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, ... . . 

Risks expired and terminated, . 

In force at end of 3 7 ear, 

Amount reinsured, .... 

Net amount in force, . 



.$33,967,233 00 
. 46,387,685 00 

.$80,354,918 00 
. 42,918,742 00 

. $37,436,176 00 
. 2,433,439 00 



Premiums. 

$375,251 42 
447,565 32 

$822,816 74 
400,691 86 

$422,124 88 
24,359 84 



. $35,002,737 00 $397,765 04 



THE NORTH GERMAN FIRE INSURANCE CO. 



311 



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, . • . 



,594,398 00 

911,840 00 

144,574 00 

24,500 00 

12,500 00 

74,100 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



New York city bonds, .... 

United States bonds, 

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

Northern Pacific-Gt. Northern R'y bonds, 

Oregon Short Line R'y bonds, . 

1,766 shares Pennsylvania R.R. Co., 
400 " Atch., Top. & Santa Fe R.R., 
200 " Union Pacific RV Co., . 
218 " Consolidated Gas Co., N. Y., 
100 " Chic, Mil. & St. Paul R'y Co. 



Book Value. 

$106,433 32 

121,872 76 

27,250 00 

18,962 50 

2,705 01 

121,307 81 

38,600 00 

17,725 00 

44,925 00 

14,500 00 



Market Value. 

$101,750 00 

135,000 00 

27,125 00 

18,600 00 

2,760 00 

105,960 00 

36,000 00 

17,800 00 

42,292 00 

14,600 00 



$514,281 40 $501,887 00 



"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. HENRY C. TIMM, Secretary. 

Income. 

Net fire premiums, $304,573 54 

Interest on mortgage loans, $1,022.50; bonds, $7,650; all 

other, $140.67, 8,813 17 

From all other sources, 22,000 00 



Total income, 
Ledger assets, Dec. 31, 1902, 



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, 

Certificate of deposit, .... 
All other disbursements, . 

Total disbursements, .... 

Balance, 



|335,386 71 
381,694 92 

$717,081 63 



$170,755 91 
6,000 00 
90,435 47 
4,010 79 
1,187 50 
7,828 56 
2,000 00 
4,511 14 

$286,729 37 

$430,352 26 



312 



THE NORTH GERMAN FIRE INSURANCE CO. 



Ledger Assets 



Mortgages,* 

Bonds (schedule A), . 

Cash in banks and office, . 

Agents' balances, 

Bank certificates of deposits, 



$34,000 00 

275,501 13 

25,993 28 

62,857 85 

32,000 00 



Total ledger assets, $430,352 26 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,008.85; bonds, $2,233.32, . 



Gross assets, 



Assets not admitted. 
Depreciation in book value of bonds, 

Total admitted assets, .... 



3,242 17 
$433,594 43 

16,516 13 

$417,078 30 



Liabilities. 

Unpaid losses, $18,208.56 ; less reinsurance, $1,393.53, . 
Unearned premiums on outstanding risks, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$226,812 98 



$16,815 03 
173,450 29 

$190,265 32 

200,000 00 
26,812 98 



Total liabilities, $417,078 30 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



. $19,450,655 00 
. 25,934,343 00 



. $45,384,998 00 
. 22,790,664 00 

. $22,594,334 00 
1,096,034 00 



Premiums. 

$276,065 94 
425,301 33 

$701,367 27 
343,061 96 

$358,305 31 
14,620 58 



.$21,498,300 00 $343,684 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, 
Dividends declared during the ye&v (3 per cent.), . '. 
Company's stock owned by directors, .... 



$815,601 00 

430,570 00 

165,249 00 

6,000 00 

6,000 00 

198,000 00 



* Value of land, $32,500; buildings, $38,000; insurance thereon, $29,500. 



THE NORTH RIVER INSURANCE CO. 



313 



Schedule A. 
Bonds owned by the Company. 

Book Value. 

Union Pacific R.R. bonds, $27,156 25 

United States bonds 26,447 79 

New York city bonds, 221,897 09 



Market Value. 

$25,312 50 
26,812 50 

206,860 00 



$275,501 13 #258,985 00 



"THE NORTH RIVER INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Feb. 6, 1822. Commenced business March 6, 1822.] 

Paid-up Capital, $350,000. 

WM. E. HUTCHINS, President. FREDERICK H. CRUM, Secretary. 

Home Office, 84 William Street. 

Income. 

Net fire premiums, $741,775 18 

Interest on mortgage loans, $4,213.60 ; collaterals, $317.77 ; 

stocks and bonds, $20,022.50; all other, $9,647.17, . . 34,20104 



Total income $775,97622 

Ledger assets, Dec. 31, 1902, 997,877 10 



Total, $1,773,853 32 



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, $1,218.40 ; other taxes and fees, 

All other disbursements, 

Total disbursements, 

Balance, 



1,224.74, 



$284,298 90 

27,789 00 

149,516 72 

62,798 96 

664 09 

9,443 14 

29,528 34 

$564,039 15 

1,209,814 17 



Ledger Assets. 

Real estate, $104,031.70; mortgages,* $117,900, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks, 

Agents 1 balances, 

Office premiums, 

Total ledger assets, .... 



$221,931 70 

9,000 00 

635,884 12 

186,043 49 

53,777 32 

103,177 54 

$1,209,814 17 




* Value of land, $187,900; buildings, $114,600; insurance thereon, $109,725. 



314 



tup: north river insurance co. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,174.14; stocks and bonds, $2,382.90; 

collateral loans, $133.33, $4,690 37 

Reinsurance due on losses paid, 2,152 94 

All other, 3,866 30 



Gross assets, 



. $1,220,523 78 



Assets not admitted. 

Agents' balances over three months due, . . $10,028 47 
Depreciation in book value of stocks and bonds, 34,771 62 
Reinsurance on losses paid (unauthorized com- 
panies), 1,545 43 

Total unadmitted assets, .... 

Total admitted assets, 



46,345 52 
,174,178 26 



Liabilities. 

Unpaid losses, including $1,050 resisted, $79,628.52 ; less re- 
insurance, $3,799.92, $75,828 60 

Unearned premiums on outstanding risks, $444,762.64; plus 

same on disallowed reinsurance, $28,934.70, . . . 473,697 34 

Dividends due Stockholders, 3,967 00 

Commissions and other charges due agents and brokers, . 20,635 50 

Due for return premiums, $6,892.56 ; reinsurance, $12,438. 98, . 19,331 54 

All liabilities, except capital and surplus, "... $593,459 98 
Surplus to policy holders, . . . . $580,718 28 

Paid-up capital 350,000 00 

Surplus over capital and general liabilities, .... 230,718 28 

Total liabilities, $1,174,178 26 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

.$81,260,847 00 $786,758 99 
. 94,939,172 00 1,009,693 64 



Total, .... 
Risks expired and terminated, 

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

Net amount in force, . 



$176,200,019 00 $1,796,452 63 
. 76,204,811 00 791,699 07 



),995,208 00 $1,004,753 56 
. 18,322,626 00 144,797 50 



,672,582 00 $859,956 06 



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, .... 



$7,744,215 00 

3,481,413 00 

326,386 00 

2,780,750 00 

28,000 00 

118,550 00 



NORTHWESTERN NATIONAL INSURANCE CO. 



315 



100 shares United States Steel Co., . 

100 " Southern R'y Co , . 
10 " Norfolk & Western R'y Co., 
10 " Southern R'y Co., . 
25 " Norfolk & Western R'y Co., 



Schedule A. 

Securities held as Collateral. 

Market Value. Loaned Thereon . 

,787 50^ 



2,062 50 
888 75 )> 
206 25 | 

1,446 87 J 



>,000 00 



Schedule B. 



$10,391 87 $9,000 00 



Stocks and Bonds owned by the Company. 



New York city bonds, 
Pennsylvania R.R. Co. bonds, . 
Union Pacific R.R. bonds, . 
Missouri Pacific R'y Co. bonds, 
St. Louis, Iron Mt. & Southern R'y 
800 shares Pennsvlvania R.R., . 



100 " Chicago & Alton R'y, 

100 " St. Louis & San Francisco 

200 " Union Pacific R'y, . 

20 " Washington Trust Co., 

200 " Manhattan Elevated R'y Co., 

100 " Baltimore & Ohio R.R , 

75 " Kan. C, Ft. Scott & Mem. R.R. Co., 



bonds, 
R.R., 



Book Value. 

$418,628 91 

5,000 00 
19,825 
16,087 

9,208 
58,137 

7,612 

8,275 
17,975 

8,000 00 
54,025 00 

8,262 50 

4,846 88 



00 
50 
33 
50 
50 
00 
00 



Market Value. 

$395,937 50 
4,762 50 

19,275 00 

15,862 50 
9,000 00 

46,800 00 
7,000 00 
6,800 00 

17,800 00 
8,000 00 

56,800 00 
7,975 00 
5,100 00 



1635,884 12 $601,112 50 



"NORTHWESTERN NATIONAL INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 

Paid-up Capital, $600,000. 

ALFRED JAMES, President. W. D. REED, Secretary. 

Income. 

Net fire premiums, f 1,382,672 03 

Interest on mortgage loans, $41,247.74; bonds, $88,409.11 ; 

all other, $1,793.55, 131,450 40 

Profit on sale or maturity of ledger assets, .... 3,466 50 

From all other sources, 17 33 



Total income, §1,517,606 26 

Ledger assets, Dec. 31, 1902, 3,309,045 60 



Total, $4,826,651 86 

Disbursements. 

• 

Netamountpaid for fire losses, $493,113.59; marine, $161.67, $493,275 26 

Interest and dividends to stockholders, 90,000 00 

Commissions or brokerage, 361,605 87 

Salaries, fees, etc., of officers and employees, .... 137,068 92 

Rents, ....;." 12,900 00 

Real estate taxes, $719.15 ; other taxes and fees, $49,668.37, . 50,387 52 



316 NORTHWESTERN NATIONAL INSURANCE CO. 

« 
Loss on sale or maturity of ledger assets, .... $11,059 26 
All other disbursements, 57,517 76 



Total disbursements $1,213,814 59 



Balance, f 3,6 12,837 27 

Ledger Assets. 

Real estate, $52,632.55; mortgages,* $1,003,000, . . .$1,055,632 55 

Bonds (schedule A), 2,182,03157 

Cash in banks and office, 150,981 71 

Agents 1 balances, 224,191 44 



Total ledger assets, $3,612,837 27 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $7,22§. 82; bonds, $9,083.29, . . . 16,310 11 



Gross assets, $3,629,147 38 

Assets not admitted. 
Depreciation in book value of bonds, 9,161 57 



Total admitted assets, $3,619,985 81 

Liabilities. 

Unpaid losses, including $4,350 resisted, $68,013.57; less 

reinsurance, $3,853.33, $64,160 24 

Unearned premiums on outstanding risks, $1,590,802 . 10 ; plus 

same on disallowed reinsurance, $2,035.22, . . . . 1,592,837 32 

Special reserve, 200,000 00 

Miscellaneous, 3,905 00 



All liabilities, except capital and surplus, . . . $1,860,902 56 
Surplus to policy holders, .... $1,759,083 25 

Paid-up capital 600,000 00 

Surplus over capital and general liabilities, .... 1,159,083 25 

Total liabilities, $3,619,985 81 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total,. 
Risks expired and terminated, 

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

Net amount in force, . 



rremiums. 

$307,857,383 00 $3,008,065 90 
155,231,087 00 1,572,850 49 



$463,088,470 00 $4,580,916 39 
136,066,995 00 1,381,916 21 



$327,021,475 00 $3,199,000 18 
17,994,209 00 175,223 15 



$309,027,266 00 $3,023,777 03 



* Value of land, $1,782,445; buildings, $1,578,800; insurance thereon, $959,550. 



ORIENT INSURANCE CO. 



317 



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, .... 



$20,813,661 


00 


. 9,902,717 


00 


497,987 


00 


162 


00 


. 1,824,000 00 


174,000 


00 


90,000 00 


215,000 


00 



Schedule A. 

Bonds owned by the Company. 



United States bonds, 

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

Chic. & Northwestern R'y bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Southern R'y Co. bonds, .... 

Union Pacific R.R. bonds, .... 

Northern Pacific R'y Co. bonds, 

Pitts., Cin , Chicago & St. Louis R'y bonds, 

Baltimore & Ohio R'y bonds, . 

Chicago & Alton R'y bonds, 

Chicago & Eastern Illinois R.R. bonds, 

Norfolk & VV. Pocahontas joint bonds, 

Milwaukee city bonds, 

Chicago Sanitary District bonds, 

Waukesha sewerage bonds, 

Wisconsin Central R'y bonds, . 

Chicago & Western Indiana R.R. bonds, 

Elgin, Joliet & Eastern R'y bonds, . 

Union Pacific R R. bonds, . 



Book Value. 

$269,000 00 

216,724 98 

331,237 65 

46,593 75 

89,463 25 

101,263 75 

94,937 50 

102,750 00 

107,132 70 

98,102 07 

82,937 50 

120,262 50 

94,073 10 

49,224 55 

52,526 36 

32,200 00 

90,247 50 

100,150 41 

57,234 75 

45,969 25 



00 
00 
00 
00 



Market Value. 

$267,000 00 

221,500 00 

319,000 00 
46,000 00 
99,000 

112,000 

101,000 

102,000 

106,000 00 
97,500 00 
73,000 00 

118,000 00 
89,000 00 
47,470 00 
51,500 00 
30,900 00 
90,000 00 
98,000 00 
57,000 00 
47,000 00 



$2,182,031 57 $2,172,870 00 



"ORIENT INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June 28, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

A. G. MCILWAINE, Jr., President. JAMES WYPER, Secretary. 

Income. 

Net fire premiums, $1,065,550 63 

Interest on mortgage loans, $2,562.42 ;• stocks and bonds, $ 58,- 

918.89; all other, $1,387.52, 62,868 83 

Rents, 2,249 21 

Profit on sale or maturity of ledger assets, .... 2,212 14 



Total income, 
Ledger assets, Dec. 31, 1902, 



f 1,132,880 81 
2,015,018 61 



Total, $3,147,899 42 



318 



ORIENT INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $501,924.15; marine, $1,- 

'680.45, . . $503,604 60 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 269,173 69 

Salaries, fees, etc., of officers and employees, .... 65,693 91 

Rents, 4,379 50 

Repairs and expenses on real estate 984 42 

Real estate taxes, $681 . 50 ; other taxes and fees, $25,184 . 30, . 25,865 80 

All other disbursements, 56,939 57 

Total disbursements $976,641 49 

Balance, $2,171,257 93 



Ledger Assets. 

Real estate, $65,333.04; mortgages,* $41,158, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, ...... 

Bills receivable, not matured, , . . . 

Total ledger assets, 



$106,491 04 

1,769,951 14 

136,703 99 

157,988 01 

123 75 

$2,171,257 93 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,748.04; stocks and bonds, $27,540.79; 

other assets, $1,104.04, 30,392 87 

Rents due on company's property, 33 00 

Market value of stocks and bonds over book value, . . 12,866 24 

All other, 993 57 

Gross assets, $2,215,543 61 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less $36,254.50 liab. thereon, 
Total unadmitted assets, . . . . - 



$5,157 94 
72,648 83 



Total admitted assets, 



77,806 77 
1,137,736 84 



Liabilities. 



Unpaid losses, including $33,149.99 resisted, $165,451.76 
less reinsurance, $20,333.09, 

Unearned premiums on outstanding risks, $858,718.31; plus 
same on disallowed reinsurance, $7,931.53, . 

Due for return premiums, $247.10; reinsurance, $3,190.11, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,122,531 12 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$145,118 67 

866,649 84 
3,437 21 

$1,015,205 72 

500,000 00 
622,531 12 

Total liabilities, . $2,137,736 84 



* Value of property, $100,070; insurance thereon, $23,000. 



ORIENT INSURANCE CO. 



319 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$155,960,234 00 $1,770,973 31 
. 117,171,515 00 1,518,784 21 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$273,131,749 00 $3,289,757 52 
. 117,908,508 00 1,466,058 38 



$155,223,241 00 $1,823,699 14 
. 13,259,257 00 170,618 95 



$141,963,984 00 $1,653,080 19 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, .... 



$25,389,954 00 

15,845,470 00 

536,648 00 

1,280 00 

1,490,000 00 

100,000 00 

50,000 00 

2,750 00 



Schedule A. 

Slocks and Bonds owned by the Company. 



United States government bond, 

Massachusetts Metropolitan water loan, 

State of Connecticut bonds, 

State of Georgia bonds, . 

Territory of Arizona bonds, 

Alexandria, Ind., water works bonds, 

City of Fayetteville, N. C, bonds, . 

City of Middletown, Conn., bonds, . 

City of New Haven, Conn., bonds, . 

City of New London, Conn., school bonds, 

City of Norfolk, Va., bonds, 

City of Portland, Ore., bonds, . 

City of Richmond, Va, bonds,. 

City of Rochester, N. Y., bonds, 

City of Schenectady, N. Y., bonds, . 

City of South Norwalk, Conn., bonds, 

City of Sioux Falls, Dakota, bonds, . 

City of Waterbury, Conn., bonds, . 

City of Willimantic, Conn., bonds, . 

City of Yonkers, N. Y , bonds, 

County of Finney, Kan., bonds, 

County of Glynn, Ga , bonds, . 

County of Pierce, Wash , bonds, 

County of Wichita, Kan., bonds, 

Bethany Township, Osborne Co., Kan., bonds, 

Medicine Lodge T'w'p, Barber Co., Kan., b'ds, 

Precinct of Beaver, Neb , bonds, 

Precinct of Stanton, Neb., bonds, 

Town of Thomaston, Conn., bonds, . 



00 
00 
00 
50 
20 
00 
00 
00 
00 



Book Value. 

$71,287 50 
224,000 

5,020 
26,750 
25,497 

9,187 
10,000 
12,000 
10,268 

5,332 
20,700 00 
57,500 00 
33,035 45 
25,250 00 
23,330 60 
26,903 00 
13,780 00 

5,000 
20,723 
26,742 
10,825 
10,000 00 
10,708 00 

4,000 

3,660 

4,240 

4,850 

7,760 
15,000 



00 
00 
50 
00 



00 
00 
00 
00 
00 
00 



00 
50 
00 
00 
00 
00 



Market Value. 

$67,233 33 
208,500 00 

4,950 
26,687 
28,925 

9,405 
11,000 
12,000 
10,268 00 

5,300 00 
21,400 00 
57,500 00 
27,600 00 
25,250 00 
23,330 60 
26,250 00 
13,691 60 

5,000 
21,200 
26,742 
11,000 
11,400 
10,750 

4,000 

3,500 

4,120 

5,250 

8,240 



00 
00 
50 
00 
00 
00 
00 
00 
00 
00 
00 



15,000 00 



320 



ORIENT INSURANCE CO. 



Nebraska school bonds, .... 

Texas school bonds, 

Washington school bonds, 

Wyoming school bonds, 

Atch., Topeka & Santa Fe R.R Co. bonds, 

Atlantic Coast Line bonds, 

Central of Georgia R.R. Co. bonds, . 

Central R.R. of New Jersey bonds, . 

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

Chicago, Milwaukee & St. Paul R.R. Co. bonds 

Chicago, Rock Island & Pacific R.R. Co. b'ds, 

Cincinnati, Dayton & Ironton R.R. Co. bonds 

Cincinnati Northern R'y bonds, 

C, C, Cin. & Indianapolis R.R. Co. bonds, 

Cleve. Terminal & Valley R.R. Co. bonds, 

Columbus & Toledo R.R. Co. bonds, 

Dayton & Mich. R.R. Co. bonds, 

Detroit, Grand Rapids & West. R R. Co. b'ds, 

East Tenn., Virginia & Georgia R.R. Co. bonds 

Georgia R.R & Banking Co. bonds, 

Illinois Central R.R. Co. bonds, 

Kanawha & Mich. R R Co. bonds, . 

Lehigh & N. Y. R.R. Co. bonds, 

Minneapolis & St. Louis R R. Co. bonds, 

Morris & Essex R.R. Co. bonds, 

Norfolk & Western R.R. Co. bonds, 

Ohio & West Va. R.R. Co. bonds, . 

Phila. & Reading Terminal R.R. Co. bonds, 

Pitts., Cleve. & Toledo R.R. Co. bonds, . 

St. Louis, Iron Mt. & Southern R R. bonds, 

Savannah, Fla. & Western R R. Co. bonds, 

Seaboard & Roanoke R.R. Co. bonds, 

Southern R'y Co bonds 

Terre Haute & Logansport R.R. Co. bonds, 
Vermont Valley R R. Co. bonds, 
West Chicago Street R'y Tunnel Co. bonds, 
West Shore R.R. Co. bonds, 
Willmar & Sioux Falls R.R. Co. bonds, . 
Arizona Water Co. incomes, . 
First Baptist Church, Nashville, Tenn , bonds 
Iowa Mortgage Co, trust debenture bonds, 
Rutland & Grafton District, 111., bonds, . 
113 shares City Bank, Hartford, 



60 
100 
152 

31 

84 

1,126 

255 

100 

10 



First National Bank, Norwich, 
Holland Trust Co., N. Y., . 
Mercantile Nat'l Bank, Hartford 
Chic, Burl. & Quincy R.R. Co., 
Cincinnati Northern Railway, 
N. Y, N. H. & Hart. R.R. Co., 
St. Jo., So. Bend & South. R.R. Co. 
Arizona Water Co., 
Underwriters 1 Salvage Co., . 



00 
62 
00 
00 



20 
00 
00 
00 



Book Value. 

$3,038 21 
10,000 00 
10,381 00 

3,270 
13,850 
23,250 
18,500 
80,600 00 
50,650 00 
29,407 50 
20,329 

9,550 

2,000 
42,150 
10,000 00 
15,602 50 
26,250 00 

9,790 37 
14,286 67 
11,112 50 
19,000 00 
20,250 00 

9,075 00 
30,471 50 
12,500 00 

9,325 19 

3,547 
10,462 
10,525 
27,687 
10,462 50 
20,650 00 
66,165 

4,425 
25,125 
10,100 
90,800 00 
16,425 00 

1,666 67 

8,500 00 
742 50 

1,000 00 
14,451' 00 

8,775 00 
18,087 

4,813 

3,100 

9,797 

147,152 

24,500 

2,000 

1,000 



50 
50 
00 
50 



00 
00 
00 
00 



50 
50 
00 
21 
75 
00 
00 
00 



Market Value. 

$2,420 00 
10,000 00 
10,000 00 

3,000 00 
13,178 33 
22,666 67 
20,100 00 
83,037 50 
52,697 50 
27,875 00 
20,200 00 
11,116 67 

2,000 00 
42,354 17 

9,450 00 
13,325 00 
26,000 00 

9,450 00 
17,275 00 
10,450 00 
18,450 00 
22,500 00 

9,166 67 
30,250 00 
12,741 67 

9,500 00 

3,460 00 
12,116 67 
11,450 00 
27,187 50 
10,675 00 
21,450 00 
65,925 00 

4,320 00 
26,500 00 

9,991 67 

84,800 00 

17,037 50 

833 33 

8,712 50 
337 50 

1,000 00 
10,735 00 

5,400 00 

. 300 00 

304 00 

5,704 00 

2,436 00 

218,444 00 

15,500 00 

2,500 00 

1,000 00 



:,769,951 14 $1,782,817 38 



PAWTUCKET MUTUAL FIEE INSURANCE CO. 321 



"PAWTUCKET MUTUAL FIRE INSURANCE COMPANY," 

PAWTUCKET, R. I. 

[Incorporated May, 184S. Commenced business February, 1849.] 
AUGUSTINE A. MANN, President. ISAAC SHOVE, Secretary. 

Income. 

Net premiums, $104,432.33 ; extra premiums, $ 499. 34, . . $104,931 67 
Interest on mortgage loans, $2,820.69; stocks and bonds, 

$9,200; allother, $2,393.17 14,413 86 

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



Total income $119,845 53 

Ledger assets, Dec. 31, 1902, less commissions due, . . 382,081 93 



Total, $501,927 46 

Disbursements. 

Net amount paid for losses, $31,035 85 

Profits on terminated policies, 21,088 03 

Commissions or brokerage, 14,778 14 

Salaries, fees, etc , of officers and employees, .... 6,875 00 

Rents, 1,617 00 

Taxes and fees, 2,309 79 

All other disbursements, 3,642 05 

Total disbursements, . $81,345 86 

Balance, $420,581 60 

Ledger Assets. 

Mortgages,* $54,210 00 

Stocks and bonds (schedule A), 304,940 50 

Cash in banks, . 55,711 30 

Agents 1 balances, 5,719 80 

Total ledger assets, $420,581 60 

Non-Ledger Assets. 

Market value of stocks and bonds over book value, . . 14,010 50 

Gross assets, $434,592 10 

Liabilities. 

Unpaid losses, including $1,000 resisted $6,180 88 

Unearned premiums on outstanding risks, .... 184,460 24 

Dividends due policy holders, . . . . . . . 200 00 

Taxes accrued, 1,424 30 

All liabilities, except surplus, $192,265 42 

Surplus, 242,326 68 

Total liabilities, $434,592 10 

* Value of land, $46,600; buildings, $93,200; iusurance thereon, $80,200. 



322 



THE PELICAN ASSURANCE CO. 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $23,581,618 00 $319,159 43 $319,159 43 

Risks written during 1903, . 7,468,877 00 109,646 80 109,646 80 



Total, $31,050,495 00 $428,806 23 $428,806 23 

Risks expired and terminated, . 5,711,806 00 75,075 51 75,075 51 



In force at end of year, . . $25,338,689 00 $353,730 72 $353,730 72 
Amount reinsured, . . . 9,500 00 113 53 113 53 



Net amount in force, . .$25,329,189 00 $353,617 19 $353,617 19 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1903, 20 per cent. 



$36,779 00 



Schedule A. 

Stocks and Bonds owned by the 



United States bonds, 

Rhode Island Suburban R.R. bonds, 
State of Rhode Island bonds, . 

49 shares Providence & Worcester R.R., 

50 " Slater Tr. Co. (Pawtucket, R. I.), 
10 " Am. Screw Co. (Providence, R. I.) 

280 " Pennsylvania R.R., . 
50 " N. Y., Lack. & Western R.R., . 
50 " Rome, Water. & Ogdens. R.R., 



Company. 

Book Value. 

$217,883 75 

19,400 00 

20,966 50 

4,704 00 

7,600 00 

1,000 00 

19,311 25 

7,037 50 

7,037 50 



Market Value. 

$224,770 00 

18,600 

20,400 

13,965 

10,750 

800 

16,666 

6,500 

6,500 



00 
00 
00 
00 
00 
00 
00 
00 



$304,940 50 $318,951 00 



"THE PELICAN ASSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March 7, 1899. Commenced business May 1, 1899.] 

Paid-up Capital, $200,000. 

A. D. IRVING, President. L. P. BAYARD, Secretary. 

Income. 



Net fire premiums, . 
Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1902, 



. $269,586 02 
12,744 54 

. $282,330 56 
465,369 73 



Total, $747,700 29 

Disbursements. 



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



. $H0,527 31 

72.465 47 

24,783 37 

9,165 74 



THE PELICAN ASSURANCE CO. 323 

Loss on sale or maturity of ledger assets, .... $8,318 23 
All other disbursements, 7,715 78 



Total disbursements, $262,975 90 



Balance $484,724 39 

Ledger Assets. 

Bonds (schedule A),. . . $442,262 80 

Cash in banks, 16,226 35 

Agents' balances, 26,235 24 



Total ledger assets, $484,724 39 

Non-Ledger Assets. 

Interest due and accrued on bonds, 4,091 95 

Reinsurance due on losses paid, 2 73 



Gross assets, $488,819 07 

Assets not admitted. 

Agents' balances over three months due, 
Depreciation in book value of bonds, 

Total unadmitted assets, .... 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, including $500 resisted, $29,888; less rein- 
surance, $5,933.58, $23,954 42 

Unearned premiums on outstanding risks, .... 171,906 78 

Salaries and other miscellaneous expenses, due or accrued, . 4,139 56 

Due for reinsurance premiums, ...... 4,654 95 



$835 12 
4,654 25 


5,489 37 




■ * • 


$483,329 70 



All liabilities, except capital and surplus, . . . $204,655 71 
Surplus to policy holders, .... $278,673 99 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 78,673 99 

Total liabilities, $483,329 70 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

.$32,601,485 00 $330,405 93 
. 34,924,573 00 403,909 07 



.$67,526,058 00 $734,315 00 
. 29,752,218 00 339,658 49 



. $37,773,840 00 $394,656 51 
. 6,533,734 00 64,351 71 



Net amount in force, $31,240,106 00 $330,304 80 



324 



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, 



$892,218 00 

436,385 00 

143,704 00 

6,500 00 



Schedule A. 
Bonds owned by the Company. 



United States bonds, 

Brooklyn city bonds, .... 

N. Y. Central & Hudson River R.R. bonds, 
Baltimore & Ohio R R. bonds, . 
Gt. Northern-Northern Pacific R.R. bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
Union Pacific R.R. bonds, .... 
Chic, Milwaukee & St. Paul R.R. bonds, 



Book Value. 

8204,000 00 
82,821 76 
34,192 50 
24,168 75 
24,240 83 
30,622 08 
20,039 44 
22,177 44 



Market Value. 

$212,500 00 
76,646 05 
30,362 50 
23,562 50 
22,812 50 
29,475 00 
20,250 00 
22,000 00 



$442,262 80 $437,608 55 



"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. 

Income. 

Net fire premiums, $2,609,923 20 

Deposit premiums on perpetual risks, 34,043 91 

Interest on mortgage loans, §34,211.34; collaterals, $30,- 

485.69; stocks and bonds, $168,684.24 ; all other, §2,206.23, 235,587 50 

Rents 13,273 78 

Profit on sale or maturity of ledger assets, .... 2,609 04 

From all other sources, 1,702 54 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



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, $4,465 . 99 ; other taxes and fees, $72,186 . 72, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



Total disbursements, 
Balance, 



$2,897,139 


97 


5,701,990 


19 


$8,599,130 


16 


$1,292,737 94 


25,286 


62 


100,000 


00 


522,038 


69 


171,000 


00 


10,703 


72 


76,652 


71 


15,631 


03 


154,606 


62 


§2,368,657 


33 



. $6,230,472 83 



PENNSYLVANIA FIRE INSURANCE CO. 



325 



Ledger Assets. 

Real estate, $246,945.98 ; mortgages,* $746,599.99 
Loans secured by collateral (schedule A) , 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 



$993,545 97 
635,100 00 

3,978,214 13 
214,946 06 
408,666 67 

^6,230,472 83 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $5,991.76 ; collateral loans, $3,495.71, 
Market value of stocks and bonds over book value, 



9,487 47 
77,036 87 



Gross assets, $6,316,997 17 



Assets not admitted. 

Agents' balances over three months due, . $18,437 68 

Special deposits less $47,427.12 liab. thereon, . 42,797 88 

Depreciation in book value of real estate, . . 36,945 98 

Total unadmitted assets, .... 

Total admitted assets, . . . . . ... 



98,181 54 
1,218,815 63 



Liabilities. 

Unpaid losses, including $18,902 . 28 resisted, . 
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, . 



$2,866,644 43 



$225,401 45 

2,253,833 86 

872,935 89 

^3,352,171 20 

400,000 00 
2,466,644 43 



Total liabilities, $6,218,815 63 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$432,562,840 00 $4,658,333 75 
. 284,426,290 00 3,526,264 30 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$716,989,130 00 $8,184,598 05 
. 263,996,235 00 3,203,781 16 



$452,992,895 00 $4,980,816 89 
. 59,415,904 00 582,473 40 



$393,576,991 00 $4,398,343 49 



Perpetual risks in force (not included above), $38,425,398 00 $965,966 52 



* Value of property, $1,505,910; insurance thereon, $526,900. 



326 



PENNSYLVANIA 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 (25 per cent.),. 
Company's stock owned by directors, .... 



$48,932,064 00 

25,518,612 00 

1,331,678 00 

3,529,000 00 

100,000 00 

64,300 00 



Schedule A. 
Securities held as Collateral. 



300 shares Philadelphia Co., 

500 " Union Traction Co., 

100 " Philadelphia & Erie R.R. Co., 

400 " Erie R.R. Co 

700 " Philadelphia Electric Co., 
350 " Reading R'y Co., . 

230 " Pulaski Iron Co 

Lehigh Coal & Navigation Co. bonds, 

200 shares Lehigh Coal & Navigation Co., 
30 " Corn Exchange National Bank, 

154 " Metropolitan St. R'y Co., 

100 " Philadelphia Co., . 

Ill " United Gas Improvement Co., 

500 " United R'y Investment Co., . 

700 " Philadelphia Electric Co., . 
1,000 " Western N. Y. & Penn. R.R. Co. 
Western N. Y. & Penn. R.R. bonds, . 
100 shares Gr. Rap., Hoi. & L. M. Rap. R'y Co. 

5 " Provident Life & Trust Co., . 

16 " First Nat'l B'k of Shippensb., Pa,, 

4 " Bank of North America, . 
Suburban Gas Co. of Philadelphia bonds, 
100 shares Southern Pacific Co., 
100 " Metropolitan Street R.R., 
100 " Reading R'y Co., . 

200 " Wabash R.R. Co 

Kansas City, Mo., Gas Co. bonds, 

Jersey City, Hoboken & Pater. St. R'y bonds, 

100 shares Southern Pacific R'y Co., 

Indianapolis Street R'y Co. bonds, . 

100 shares Reading R'y Co., 

100 " Metropolitan St. R'y Co., 

Omaha Gas Co. bonds 

Lehigh Val. R.R. mortgage & col. trust bonds 

Reading Co. bonds, 

Metropolitan Street R'y Co. bonds, . 
Philadelphia Co. bonds, . 

200 shares Cambria Steel Co., 

200 " Lehigh Valley R.R. Co., 
1,000 " United R'y & Elec. Co. of Bait., 

150 " Electric Storage Battery, 

200 " Cambria Steel Co., 

300 " N. Y., Ontario & Western R'y, 

1,300 " Reading R'y Co 

Toledo & Ohio Central R'y Co. bonds, . 
Oregon Short Line first mortgage bonds, 
Equitable Ilium. Gas Light Co. bonds, . 



Market Value. Loaned Thereon. 

$12,300 00^ 

23,000 00 | 

4,300 00 ■' 



11,600 00 
4,200 00 | 
9,900 00 J 
25,300 00 
10,800 00 
13,000 00 
3,660 00^ 
18,942 00 | 
4,100 00 i 
9,768 00 f 
21,500 00 | 
4,200 00 J 
5,000 00 " 
5,000 00 
10,000 00 
. 3,750 00 
3,120 00 
1,112 00 
2,850 00 
5,000 00 ^ 
12,300 00 | 
2,300 00 » 



} $50,000 00 



7,600 00 
2,940 00 j 
3,300 00 J 
5,000 00^ 

24,600 00 
2,300 00 

12,300 00 
4,850 00 
6,420 00 
4,850 00 
1,120 00 
1,960 00 
3,800 00 
7,400 00 ^ 
8,000 00 
8,700 00 
3,800 00 
6,900 00 

29,900 00 
2,260 00 
2,480 00 J 
1,070 00 



15,000 00 
16,000 00 



50,000 00 



8,000 00 

9,500 00 

3,000 00 

2,200 00 

500 00 

2,000 00 



} 25,000 00 



} 50,000 00 



J> 50,000 00 



900 00 



PENNSYLVANIA FIRE INSURANCE CO. 



327 



100 shares Lehigh Coal & Navigation Co., 
Western Pennsylvania R.R. bonds, . 
People's Passenger R'y bonds, . 
Norfolk & Western R'y bonds, 
100 shares Philadelphia Co., 

15 " United Gas Improvement Co., 
100 " Lehigh Valley R.R. Co., . 

20 " Pennsylvania Co., . 
100 " Lehigh Coal & Navigation Co., 

10 " Girard Trust Co., . 
100 " Standard Oil Co., . 
200 " Real Estate Trust Co., . 
Lexing. Ave. & Pavonia Fer. R.R. Co. bonds, 
Co. Hts., Un. Dep. & Mer. T. R.R., St. L., b'ds 
Second Ave. Trac. Co. of Pittsburgh bonds, 
United Traction Co. of Pittsburg bonds, . 
Atchison, Topeka & Santa Fe bonds, 
Baltimore & Ohio R.R. Co. bonds, . 
Chicago & Western Indiana R.R. Co. bonds, 

50 shares Real Estate Trust Co., 
125 " Real Estate Trust Co., . 
200 " Electric Storage Battery, 
600 " American Snuff Co 

15 " Pennsylvania RR. Co., . 

30 " Market Street National Bank, 
250 " Union Traction Co , 
100 " United R'y Inves. Co. of San Fran. 
100 " Philadelphia Co , . 
150 " Philadelphia Electric Co , 
United R'y & Elec. Co. of Baltimore bonds, 
Reading Co. (Jersey Cent.) col. trust bonds, 
Texas & Pacific R'y bonds, 
Electric & People's Traction Co. bonds, . 

50 shares United States Steel Co., . 
200 " Detroit United R'y Co., . 
HO " Cambria Steel Co., . 

60 M United States Steel Co., . 
105 " Lehigh Coal & Navigation Co., 

10 " Commonw'th Title Ins. & Tr. Co., 
Choctaw, Okla & Gulf R.R. Co. Car Tr. b'ds 
Choctaw & Memphis R.R. Co. bonds, 
100 shares American R'y Co., . 
100 " Philadelphia Electric Co., 
Connecticut R'y & Lighting Co. bonds, . 
Distillers' Security Corporation bonds, . 
100 shares Union Traction Co , 
100 " United Gas Improvement Co., 
400 " Cambria Steel Co., . 
Paterson & Passaic Gas and Elec. Co. bonds, 
International Navigation Co. bonds, 
Philadelphia Co. Cons. Collat. Trust bonds, 
10 shares Moorestown, N. J., Nat'l Bank, 
7 " Union National Bank, . 
6 " American Fire Ins. Co., 
5 " Fire Ins. Co., County of Phila., 
5 " Burl. County Safe Dep. & Tr. Co 

1,100 " Chicago & Gt. Western R'y Co., 
Pennsylvania R.R. gold bonds, 
Indianapolis Street R'y Co. bonds, . 



Market Value. 


Loaned Thereon. 


$6,500 00^1 




10,600 00 ' 
11,330 00 { 


$25,000 00 


1,920 00 J 




4,100 00^ 




1,320 00 | 




3,700 00 ! 
11,600 00 


> 25,000 00 


6,500 00 




6,750 00 J 




67,000 00 


50,000 00 


39,000 00 


18,000 00 


11,200 00 1 




;, 11,000 00 




11,300 00 




11,100 oo ; 


> 50,000 00 


9,900 00 




9,600 00 




5,500 00 




9,750 00 


4,000 00 


24,375 00 ) 
13,800 00 \ 


28,000 00 


49,800 00 


30,000 00 


885 00 1 




4,500 00 




11,500 00 




4,300 00 




4,100 00 




900 00 




1,680 00 
2,760 00 


> 40,000 00 


1,160 00 




425 00 




650 00 




13,600 00 




1,900 00 




3,480 00 J 




6,825 00 ( 
390 00 < 


4,000 00 


5, 28,500 00 i 
2,240 00 < 


25,000 00 


4,400 00^ 




600 00 




1,800 00 




1,260 00 




4,600 00 
8,800 00 


[ 25,000 00 


7,600 00 




1,000 00 




800 00 




1,960 00 




2,340 00 ' 


1 


805 00 




768 00 


J> 4,000 00 


575 00 




500 00 


) 


17,600 00" 


> 


8,550 00 


> 25,000 00 


7,380 00 


) 



$877,330 00 $635,100 00 



328 



PENNSYLVANIA FIRE INSURANCE CO. 



Schedule B. 

Stocks and Bonds owned by the Company. 



440 shares Bellefonte Central R.R. Co., 

144 " Reading Co., .... 

210 " Grand Rapids & Indiana R.R. Co 
1,000 " Pennsylvania R.R Co., 
14 " Philadelphia Bourse, . 

200 " Philadelphia National Bank, 

United States loans, 

St. Louis city bonds, 

City of Springfield, 111., bonds, 

City of Dayton, O., sew. and street pav. bonds 

City of Quincy, 111., bonds, 

Newark, Ohio, bonds, .... 

City of Duluth, Minn , bonds, . 

Borough of Sharpsburg, Pa., bonds, 

Sanitary district, Chicago, 111., bonds, 

School dis of the boro' of Sewickley, Pa., b'ds 

City of Portland, Ore , bonds, . 

City of Richmond, Va., bonds, . 

West Knoxville General Imp. Co. bonds, 

Phil., Wilm. & Bait. R.R. stock trust certs., 

Philadelphia & Erie R.R. Co. bonds, 

Philadelphia & Reading R.R. Co. bonds, . 

Philadelphia & Reading R.R. Ter. Co. bonds, 

Lehigh Valley R.R. Co. bonds, 

Penn. & N. Y. Canal & R R Co. bonds, . 

Chicago & Western Indiana R.R. Co. bonds, 

Schuylkill River East Side R.R. Co. bonds, 

Shamokin, Sunbury & Lewisb. R.R. Co. bonds 

St. Paul & Northern Pacific R.R. Co. bonds, 

Cleve., Col., Cin. & Indianap. R'y Co. bonds, 

N. Y., Susque. & Western R.R. Co. bonds, 

Indianapolis & Vincennes R.R. Co. bonds, 

Chicago & Erie R.R. Co. bonds, 

Baltimore & Potomac R.R. Co. bonds, 

McKeesport & Belle Vernon R.R. Co. bonds, 

Newburgh & N. Y. R.R. Co. bonds, . 

Atlantic City R.R. Co. bonds, . 

Camden Horse R.R Co. bonds, 

Bellefonte Central R.R. Co. bonds, . 

Evansville & Terre Haute R.R. Co. bonds, 

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

Lynn & Boston R.R. Co. bonds, 

Pine Creek R'y Co. bonds, 

Chicago & Northwestern R'y Co. bonds, . 

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

Chicago, Mil. & St Paul R'y Co. bonds, . 

Chicago, Ham. & Western R.R. Co. bonds, 

Chesapeake & Ohio R.R. Co. bonds, 

Kansas City Southern R'y Co. bonds, 

Western Transit Co bonds, 

Cleve., Lorain & Wheeling R.R. Co. bonds, 

Choctaw & Memphis R.R. Co. bonds, 

St. Louis, Iron Mt. & Southern R'y Co. bonds 

Baltimore & Ohio R.R. Co. bonds, . 

Wisconsin Central R'y Co. bonds, . 



00 
80 
00 



Book Value. 

$20,150 00 
7,352 61 
18,501 00 
62,734 37 
700 00 
19,165 12 
16,362 50 
22,937 50 
36,612 50 
36,773 75 
26,000 00 
12,720 00 
48,232 60 
41,464 
2,364 
25,080 
60,852 30 
21,732 00 
22,000 00 

113,000 00 
78,750 00 
40,081 25 

100,250 00 

154,075 00 

123,482 50 

186,237 50 
73,375 00 
19,450 00 
56,170 00 
29,700 00 

104,750 00 
8,648 50 
55,250 00 
18,375 00 
75,335 00 
15,750 00 
30,825 00 
26,250 00 
2,250 00 
25,750 00 
54,500 00 
51,375 00 
64,500 00 
51,050 00 

127,468 75 
56,375 00 

121,500 00 
48,142 50 
19,807 00 
48,318 33 
53,875 00 
52,000 00 
55,406 25 

146,538 75 
47,062 50 



Market Value. 

$3,520 00 

3,657 00 

9,450 00 

60,000 00 

84 00 

61,000 00 

11,000 00 

26,750 00 

36,750 00 

35,840 00 

26,000 00 

12,600 00 

50,760 00 

40,800 00 

2,040 00 

25,200 00 

58,425 00 

20,800 00 

22,000 00 

119,450 00 

86,250 00 

43,950 00 

125,000 00 

161,500 00 

125,070 00 

186,640 00 

75,000 00 

20,600 00 

61,500 00 

39,000 00 

112,000 00 

7,700 
58,500 
16,800 
72,000 
15,750 
33,600 
26,000 00 
2,125 00 
25,750 00 
55,000 00 
57,000 00 
65.000 00 
50,140 
127,250 
55,500 
120,000 
48,720 00 
17,420 00 
45,000 00 
56,000 00 
56,500 00 
55,500 00 
146,550 00 
45,000 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 



PHENIX INSURANCE CO. 



329 



Union Pacific R'y Co. bonds, . 

L. & N. R.R. Co. & Mob. & Mont. R'y Co., 

N. Y., Phila. & Norfolk R.R. Co bonds, . 

Erie R.R. Co. bonds, 

Southern Pacific R.R. Co. (of Cal.) bonds, 

Greenbrier R'y Co. bonds, 

Central Pacific R'y Co bonds, . 

Lehigh Valley R.R. Co. bonds, ... 

Pennsylvania Co. trust cert, 

Choctaw, Okla. & Gulf R.R. Co bonds, . 

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

Chesapeake & Ohio R'y Co. bonds, . 

Erie R.R Co. bonds, 

Southern R'y Co. bonds, .... 
Lehigh Valley Coal Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Chesapeake & Delaware Canal Co, bonds, 
Pennsylvania Steel Equip, trust certs., . 
Philadelphia Co. bonds, .... 



Book Value. 


Market Value. 


$26,218 75 


$25,750 00 


55,475 00 


55,000 00 


25,625 00 


25,250 00 


93,625 00 


91,500 00 


107,750 00 


110,000 00 


48,000 00 


45,000 00 


87,750 00 


86,000 00 


43,563 30 


43,860 00 


90,437 50 


88,350 00 


53,750 00 


52,000 00 


98,125 00 


99,000 00 


73,837 50 


74,250 00 


51,319 45 


51,250 00 


25,000 00 


25,000 00 


51,250 00 


55,000 00 


121,320 00 


121,600 00 


8,602 50 


5,000 00 


24,625 00 


25,000 00 


54,531 25 


55,000 00 


$3,978,214 13 $4,055,251 00 



"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. WM. A. WRIGHT, Secretary. 



Income. 

Net fire premiums, $5,161,418 34 

Interest on mortgage loans, $3,451 . 25 ; collaterals, $4,256 . 95 ; 

stocks and bonds, $195,026.40; all other, $670.56, . . 203,405 16 

Rents, including company's own occupancy, .... 38,031 78 

Profit on sale or maturity of ledger assets., .... 25,411 37 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



Total, 



. $5,428,266 65 
. 6,652,074 73 

$12,080,341 38 



Disbursements. 

Net amount paid for fire losses, $2,632,207 70 

Interest and dividends to stockholders, 100,000 00 

Commissions or brokerage, 1,006,376 25 

Salaries, fees, etc., of officers and employees, .... 399,991 64 

Rents, including company's own occupancy, . . . . 47,576 23 

Repairs and expenses on real estate, 15,054 66 

Real estate taxes, $6,079.63; other taxes and fees, $118,518.73, 124,598 36 

Loss on sale or maturity of ledger assets, .... 34,918 75 

All other disbursements, 384,431 70 

Total disbursements, $4,745,155 29 

Balance, ' . , $7,335,186 09 



330 



PIIENIX INSURANCE CO. 



Ledger Assets. 

Real estate, $409,439.21 ; mortgages,* $52,100, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' balances, ..... 
Uncollected office premiums, . 

Total ledger assets, .... 



|461,539 21 
101,860 00 

5,258,389 55 

783,499 24 

666,620 50 

63,277 59 

$7,335,186 09 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, f 838. 31 ; stocks and bonds, $4,758.32, 
Rents accrued on company's property, 
Market value of real estate over book value, . 



Gross assets, 



5,596 63 

4,714 66 

166,560 79 

',512,058 17 



Assets not admitted. 

Special deposits less $214,140.23 liab. thereon, 

Depreciation in book value of stocks and bonds, 

Total unadmitted assets, .... 

Total admitted assets, .... 



|67,567 77 
104,966 55 



172,534 32 
$7,339,523 85 



Liabilities. 

Unpaid losses, including f 29,761. 50 resisted, . 
Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for return premiums, $2,522.29 ; reinsurance, $666.26, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$2,602,632 38 



$391,713 76 
4,326,660 90 

2,672 75 
• 12,655 51 

3,188 55 

$4,736,891 47 

1,000,000 00 
1,602,632 38 



Total liabilities $7,339,523 85 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$777,030,517 00 $8,821,965 01 
570,665,866 00 6,440,924 02 



Total 

Risks expired and terminated, 

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

Net amount in force, 



$1,347,696,383 00 $15,262,889 03 
581,533,111 00 6,263,505 08 



$766,163,272 00 
46,272,106 00 



1,999,383 95 
521,626 48 



$719,891,166 00 $8,477,757 47 



* Value of land, $36,000; buildings, $76,500; insurance thereon, $67,500. 



PHENIX INSURANCE CO. 



331 



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, . 



$140,529,181 00 
66,714,683 00 
2,694,329 00 
4,374,000 00 
100,000 00 
137,950 00 



Schedule A. 



273 shares Consolidated Gas Co., 



100 
312 
100 

12 
100 

45 
170 



Securities held as Collateral. 

Market Value. Loaned Thereoiu 

$53,235 00^) 



Amalgamated Copper Co., 
Electric Storage Battery Co., . 
Kings Co. Elec. Light & Power Co., 
Municipal Gas Co. of Albany, N. Y., 
New York Mutual Telegraph Co., . 
Consolidated Gas Co., Bait., Md., . 
Am. District Tel. Co., Brooklyn, 



Schedule B. 



5,100 
18,408 
18,000 
3,600 
2,875 
2,925 
2,550 



00 
00 
00 
00 
00 
00 
00 



> $101,860 00 



$106,693 00 $101,860 00 



Stocks and Bonds owned by the Company. 



4,000 shares Chic. & North Western R'y Co., 
3,100 " Del., Lack. & West. R.R. Co., 

800 " Louisville & Nashville R.R. Co., 
3,000 " Chic, Mil. & St Paul R'y Co., 
2,100 " Central R.R. Co. of New Jersey, 

500 " Baltimore & Ohio R.R. Co., . 

500 " C, St. P., Minneap. & O. R'y Co. 

550 " Pitts., Cin., Chic. & St. Lo. R'y, 

700 " Manhattan R'y Co., 
2,000 " Pennsylvania R.R. Co., . 

300 " National Park Bank, N. Y., . . 
1,400 " Chatham National Bank, N. Y., 

30(5 " First National Bank, N. Y., . 

400 " National City Bank, N. Y., . 

317 " Nat'l Bank of Commerce, N. Y., 

200 " Phenix National Bank, N. Y., 

600 " National City Bank, Brooklyn, 

400 " Brooklyn Bank, Brooklyn, . 

200 " Bond & Mortgage Guarantee Co. 

200 " Trust Company of America, 
1,445 " Consolidated Gas Co., N. Y., 
1,000 " United States Steel Corporation, 

500 " New York Mutual Gas Light Co. 
1,000 " Central & South Am. Tel. Co., 

222 " American Light & Traction Co., 

500 " Realty Associates, 
United States government bonds, 
State of Virginia " Century " bonds, 
City of Richmond, Va., bonds, . 
N. Y. City consolidated stock " dock bonds," 
City of Toronto bonds, .... 
St. Paul, Minn. & Manitoba R'y Co. bonds, 



Book Value. 

$749,682 50 
311,022 60 
102,600 00 
484,012 50 
344,022 38 

42,937 50 
100,062 50 

47,562 50 
100,187 50 
119,225 00 

89,890 63 
126,690 93 
195,000 
115,042 

67,955 

4,645 

114,302 

32,151 

22,000 

40,000 00 
265,390 00 

90,000 00 
134,781 00 
116,674 46 

22,000 00 

50,000 00 
306,563 22 

60,037 50 

20,895 00 
416,000 00 

14,333 63 

57,500 00 



00 
25 
25 
00 
82 
13 
00 



Market Value. 

$676,000 00 
416,950 00 

88,000 00 
438,000 00 
338,100 00 

44,500 00 

90,000 00 

34,650 00 
100,800 00 
119,000 00 
132,000 00 
113,750 00 
177,000 
108,000 

66,570 
4,200 

93,000 

26,000 

60,000 00 

45,000 00 
281,775 

58,000 
150,000 
100,000 

18,870 

53,500 
348,800 00 

93,000 00 

21,000 00 
400,000 00 

14,308 00 

54,500 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



332 PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 



Council Bluffs City Water Works Co. bonds, 
Niagara Falls Power Co. bonds, 
Denver Gas & Electric Co. bonds, . 
Lincoln Gas & Electric Co. bonds, . 
Grove Mills Paper Co. bonds, . 



Book Value. Market Value. 

$99,000 00 $100,000 00 

54,048 42 51,500 00 

161,000 00 104,650 00 

160,000 00 112,000 00 

21,173 33 20,000 00 



$5,258,389 55 $5,153,423 00 



« 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. 

Income. 

Net premiums, $254,738 57 

Interest on stocks and bonds, $11,717.79 ; all other, $337.50, 12,055 29 

From all other sources, 2,066 88 

Total income, $268,860 74 

Ledger assets, Dec. 31, 1902, 216,117 77 

Total, $484,978 51 

Disbursements. 

Net amount paid for losses, . $17,082 44 

Profits on terminated policies, 172,903 49 

Returned premiums, 16,346 56 

Salaries, fees, etc., of officers and employees, .... 10,941 95 

Rents, 1,900 00 

Taxes and fees, 1,113 49 

Inspections, 5,736 70 

All other disbursements, 3,936 49 

* 

Total disbursements, $229,961 12 

Balance, $255,017 39 

Ledger Assets. 

Stocks and bonds (schedule A), $201,391 93 

Cash in banks and office, 45,565 91 

Commissions in course of collection, 8,059 55 

Total ledger assets, $255,017 39 

Non-Ledger Assets. 

Interest accrued on bonds, . . . . . 1,411 24 

Market value of stocks and bonds over book value, . . 16,525 82 

Gross assets, $272,953 95 



PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 333 



Liabilities. 

Unpaid losses, $1,000 00 

Unearned premiums on outstanding risks, .... 119,275 62 

All liabilities, except surplus, $120,275 62 

Surplus 152,678 33 

Total liabilities, $272,953 95 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $23,755,714 00 $210,867 35 $1,054,336 75 
Risks written during 1903, . 28,573,095 00 256,246 16 1,281,230 80 



Total, $52,328,809 00 $467,113 51 $2,335,567 55 

Risks expired and terminated, . 26,122,925 00 228,562 26 1,142,811 30 



In force at end of year, 



. $26,205,884 00 $238,551 25 $1,192,756 25 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1903, 68 per cent. 



$15,700 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Consolidated Traction Co. of N. J. bonds, 

Cambria & Clearfield R.R. bonds, . 

West Jersey & Seashore R.R. bonds, 

Sunb'y, Hazleton & Wilkes-Barre R.R. bonds 

Pennsylvania R.R. bonds, 

Millville Manufacturing Co. bonds, 

Lehigh Coal & Navigation Co. bonds, 

Allegheny Valley R.R. bonds, . 

Philadelphia & Bait. Central R.R. bonds, 

Northern Pacific R'y Co. bonds, 

Cleveland & Marietta R.R bonds, . 

Toledo, St. Louis & Western R.R. bonds 

Lehigh Valley Coal Co. bonds, 

Pennsylvania Steel Co. bonds, . 

282 shares West Jersey & Seashore R.R. 
90 " Philadelphia National Bank, 
25 " Land Title & Trust Co., 

204 " Pennsylvania R R., . 

100 " The Chartiers R'y Co., 

150 " Erie & Pittsburg R.R., 

100 " Pennsylvania Steel Co., 



Book Value. 

$4,350 00 

10,340 

10,000 

4,900 

1,082 

5,300 
15,305 
18,300 
10,204 38 

4,104 67 

5,350 

7,862 
20,300 
10,353 
13,417 
18,906 

3,276 
12,889 

6,500 

9,375 

9,275 



00 
00 
00 
50 
00 
00 
00 



00 
50 
00 
33 
38 
25 
00 
92 
00 
00 
00 



Market Value. 

$5,275 00 
10,500 00 
10,500 00 

5,225 

1,147 

5,100 
15,000 
17,437 

9,800 

2,820 

5,200 

7,100 
21,850 
10,000 
16,920 
27,000 

6,756 
12,036 
10,000 
11,250 

7,000 



00 
50 
00 
00 
50 
00 
00 
00 
00 
00 
00 
00 
00 
25 
00 
00 
00 
00 



$201,391 93 $217,917 25 



334 



PHCENIX INSURANCE CO. 



"PHCENIX INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854.3 

Paid-up Capital, $2,000,000. 

D. W. C. SKILTON, President. EDW. MILLIGAN, Secretary. 

Income. 

Net fire premiums, $3,576,276 61 

Interest on mortgage loans, $5,048.75 ; collaterals, $1,404.89 



stocks and bonds, $213,073.83, 

Rents, . 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 

Total, 



219,527 47 
16,418 65 
18,898 26 

$,831,120 99 
4,955,416 22 

p8,786,537 21 



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, $4,642. 40 ; other taxes and fees, $114,003. 11, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 



Total disbursements, . 
Balance, 



$1,632,282 24 

240,000 00 

701,045 54 

200,970 74 

11,903 64 

10,014 98 

118,645 51 

1,840 48 

312,280 12 

. $3,228,983 25 

. $5,557,553 96 



Ledger Assets. 

Real estate, $351,442.65; mortgages,* $102,449.25, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 



Total ledger assets, 



$453,891 90 

81,000 00 

4,050,091 27 

520,373 45 

452,197 34 

$5,557,553 96 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,588.03; stocks and bonds, $46,767 

lateral loans, $1,545.71 ; other assets, $1,640, 
Rents due and accrued on company's property, 
Market value of stocks and bonds over book value, 
Foreign premiums in course of collection, 
Reinsurance due on losses paid, . 



col- 



Gross assets, 



52,540 74 

2,038 30 

1,079,605 73 

81,604 25 
1,907 00 

>6,775,249 98 



* Value of land, $157,800; buildings, $62,500; insurance thereon, $47,300. 



PHCENIX INSURANCE CO. 



335 



Assets not admitted. 

Agents' balances over three months due, . $1,473 31 

Special deposits less f 102,441. 84 liab. thereon, 181,840 16 

Depreciation in book value of real estate, . 11,766 83 

Total unadmitted assets, .... 

Total admitted assets, 



$195,080 30 
6,580,169 68 



Liabilities. 

Unpaid losses, including $33,633 resisted, $408,586.37; less 

reinsurance, $12,787.42, $395,798 95 

Unearned premiums on outstanding risks, $2,760,363.90 ; plus 

same on disallowed reinsurance, $7,538.79, . . . . 2,767,902 69 

Commissions and other charges due agents and brokers, . 20,770 10 

All liabilities, except capital and surplus, . . . $3,184,471 74 
Surplus to policy holders, .... $3,395,697 94 

Paid-up capital, 2,000,000 00 

Surplus over capital and general liabilities, .... 1,395,697 94 

Total liabilities, . . . • $6,580,169 68 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$501,627,401 00 $5,366,254 11 
465,933,258 00 4,383,412 23 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$967,560,659 00 $9,749,666 34 
427,470,867 00 4,067,231 62 



$540,089,792 00 $5,682,434 72 
. 24,560,826 00 279,525 57 



$515,528,966 00 $5,402,909 15 



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, . . . . 



$86,393,656 00 
51,802,212 00 
1,673,535 00 
8,845,000 00 
240,000 00 
65,200 00 



Schedule A. 
Securities held as Collateral. 



240 shares Landers, Frary & Clark, . 

70 " Southern New England Tel. Co., . 

31 " iEtna Life Insurance Co., 
120 " Hart. S. Boiler Inspec. & Insur. Co., 

20 " Adams Express Co., 
203 " Atlantic Dock Co., . 

Colt's Arms Co. bonds, 

South School District, Hartford, bonds, . 



Market Value. 

$9,600 00 

10,710 00 

12,555 00" 

22,800 00 

4,400 00 

20,300 00 

10,000 00 

25,000 00 



Loaned Thereon. 

$9,000 00 

25,000 00 

15,000 00 

7,000 00 

25,000 00 






$115,365 00 $81,000 00 



336 



PHCENIX INSURANCE CO. 



Schedule B. 

Stocks and Bonds owned by the Company. 



Georgia State bonds, .... 

New York Dock Co. bonds, 

Ashland, Oregon, water bonds, 

Brantford, Can., bonds, .... 

Guelph, Can., bonds, . .... 

Victoria, B. Col., bonds 

Town of St Henry, P. Q , bonds, 

Province of New Brunswick bonds, . 

Chicago & No. Shore St. R'y Co. bonds, . 

City of Richmond, Va., bonds, . 

City of Petersburg, Va., bonds, 

Fostoria, O , water bonds, 

Leavenw'th City & Ft Leavenw'th water b'ds 

Hannibal, Mo , school bonds, . 

Urbana, O., gas bonds, .... 

Western Union Telegraph Co. bonds, 

Atlantic & Danville R.R. bonds, 

.Chesapeake & Ohio bonds, 

Chic. & Northwestern R'y Sinking Fund bonds 

Chicago & Western Indiana bonds, . 

C. B. & Q No. Pac. & Gt. N. bonds, 

Chicago & Erie R.R. bonds, 

Cin., Dayton & Ironton bonds, . 

Central R.R of New Jersey bonds, . 

Detroit R'y bonds, 

Elgin, Joliet & Eastern bonds, 

P>ie R'y bonds, 

Erie R'y, Penn , collateral bonds, 

Easton & Amboy bonds, .... 

Iowa Central R'y Co. bonds, 

Lehigh Valley Terminal bonds, 

Minneapolis Union R'y Co. bonds, . 

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

Penn. & N. Y. Canal & R.R. bonds, . 

St. Lo., Iron Mt. & Southern consol. bonds, 

St. Paul & Northern Pacific bonds, . 

Southern R'y Co., St. Louis Division, bonds, 

Terre Haute & Peoria bonds, . 

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

Virginia Midland bonds, .... 
300 shares iEtna National Bank, Hartford, 

1,000 " Amer. National Bank, Hartford, 
100 " Metropolitan Trust Co., N. Y., 
75 " Central Trust Co., N. Y., . 
162 " Charter Oak Nat'l Bank, Hart., 
160 " City Bank, Hartford, . 
100 " Connecticut River Bank, Hart., 
300 " Far. & Mech. Nat'l Bank, Hart., 
400 " Franklin Trust Co., N. Y., . 

1,030 " Hartford National Bank, Hart., 
400 " Hartford Trust Co., Hartford, 
67 " Home National Bank, Meriden, 
204 " Imperial Bank, Toronto, Ont, 
108 " Mer. Exchange Nat'l Bank, N. Y., 
800 " Mer. N'l B'k (in liquidat'n),Hart., 



00 
50 
00 
00 
00 
35 
58 



Book Value. 

$11,535 00 
39,480 00 
53,125 
27,737 
27,076 
21,900 
78,375 

5,048 
26,446 
30,000 00 
26,125 00 
25,000 00 
25,000 00 

4,000 00 
26,440 00 
52,312 50 
47,000 00 
59,000 00 
43,975 00 
234,717 50 
64,587 50 
59,980 00 
25,125 00 
20,526 
29,610 
57,375 
53,000 
23,593 
33,671 
35,212 
29,075 50 
84,718 34 
53,125 00 
28,812 50 
39,331 25 
32,100 00 
49,906 25 
25,375 00 
29,437 50 
58,093 75 
32,900 00 
59,955 00 
53,537 50 

8,060 00 
21,020 00 
16,000 00 

6,200 00 

34,020 00 

59,437 50 

105,486 00 

40,600 00 

8,658 42 
29,256 43 

7,500 00 
16,396 00 



25 

00 
00 
00 
75 
50 
50 



00 
00 
00 
00 
00 
00 



Market Value. 

$ 11,450 00 
38,220 00 
55,000 
26,125 
27,360 
23,000 
79,125 
5,350 
26,250 00 
30,595 00 
26,277 00 
25,250 00 
25,500 00 
4,080 00 
25,500 00 
51,000 00 
46,000 00 
57,375 00 
47,880 00 

225,230 00 
70,125 00 
59,000 00 
28,500 00 
26,000 00 
29,295 00 
57,250 
66,312 
22,500 
33,000 
33,000 00 
28,500 00 
93,750 00 
65,250 00 
27,375 00 
38,675 00 
31,000 00 
48,000 
22,500 
28,750 
55,500 
60,000 00 
72,000 00 
57,500 00 

145,500 00 
17,820 00 
14,400 
5,500 
36,600 

148,000 

142,140 

78,000 00 

8,375 00 

43,758 00 

9,180 00 

400 00 



00 
50 
00 
00 



00 
00 
00 
00 



00 
00 
00 
00 
00 



POTOMAC INSURANCE CO. OF GEORGETOWN. 



337 



340 shares 


125 


ti 


200 


a 


770 


M 


200 


It 


50 


tl 


440 


it 


500 


l( 


300 


tl 


300 


(( 


330 


II 


500 


II 


500 


II 


200 


M 


120 


II 


2,000 


II 


1,000 


tl 


2,500 


II 


250 


II 


1,000 


II 


500 


II 


500 


II 


2,000 


II 


250 


II 


500 


tl 


150 


It 


1,300 


It 


333 


it 


.2,000 


it 


105 


it 


200 


It 


50 


It 


420 


It 



National Exchange Bank, Hart., . 
Nat'l German Am. Bank, St. Paul, 
New Britain Nat'l B'k, New Brit., 
Phoenix Nat 1 ! Bank, Hartford, 
State Bank, Hartford, . 
Security Co., Hartford, 
Waterbury Nat'l B'k, Waterbury, 
Bald Eagle Valley R.R. Co., 
Beech Creek R.R., 
C, C, Chic. & St. Lo. R.R. Co., 
Chic. Mil. & St. Paul R.R., . 
Cleveland & Pittsburgh R.R. Co. 
Fort Wayne & Jackson R.R. Co., 
Georgia R.R. & Banking Co., 
Hart. & Conn. Western R.R. Co., 
Illinois Central R.R. Co., 
Morris & Essex R.R. Co , 
N. Y., N. H. & Hartford R.R. Co., 
N. Y. & Harlem R.R. Co., . 
N.Y.Cent & Hudson R. R.R. Co., 
Peoria & Bureau Valley R.R. Co., 
Pitts., McKeesport & Y. R.R. Co., 
Pennsylvania R.R. Co., 
Rensselaer & Saratoga R.R. Co., 
Sharon R.R. of Pennsylvania, 
Empire & Bay State Tel. Co., 
Holyoke Water Power Co., . 
Illinois & Mississippi Tel. Co., 
North Western Telegraph Co., 
West End Street R'y Co., Boston 
Boston Elevated R'y Co., 
Hartford Street R'y Co., 
New York Dock Co., . 



Book Value. 

$22,230 00 
31,494 84 
21,040 00 

103,800 00 
20,864 00 
8,750 00 
29,580 00 
48,875 00 
14,400 00 
29,137 50 
46,262 50 
20,200 00 
49,150 00 
32,069 
19,653 

235,629 
69,931 

285,738 
24,640 

125,760 75 
72,625 00 
29,400 00 

123,984 37 
14,781 25 
25,750 
11,325 

168,750 
12,820 

103,825 

1,303 

23,428 58 

7,175 00 

19,740 00 



00 
33 
20 
25 
63 
00 



00 
00 
26 
50 
00 
44 



Market Value. 

$22,100 00 
16,250 00 
32,000 00 
96,250 00 
28,000 00 
6,750 00 
36,300 00 
51,250 00 
15,450 00 
33,600 00 
56,880 00 
45,625 00 
75,000 00 
50,000 00 
4,800 00 

262,000 00 
93,250 00 

490,000 00 
50,000 00 

119,500 00 

106,000 00 
34,500 00 

119,000 00 
51,250 00 
36,250 00 
12,000 00 

422,500 00 
13,819 50 

123,000 00 

9,450 00 

28,000 00 

10,000 00 

18,900 00 



$4,050,091 27 $5,129,697 00 



"POTOMAC INSURANCE COMPANY OF GEORGETOWN," 
WASHINGTON, D. C* 

[Incorporated March 2, 1831. Commenced business March 2, 1831.] 

Paid-up Capital, $200,000. 

JOHN TAYLOR ARMS, President. JEFFERSON PEARCE, Secretary. 

Income. 

Net tire premiums, ... $271,521 09 

Interest on mortgage loans, $16,026 .37 ; collaterals, $1,900. 14 ; 

stocks and bonds, $7,811.06; all other, $285.29, . . . 26,022 86 

Rents, 1,233 10 

Profit on sale or maturity of ledger assets, .... 5,507 36 



Total income, 
Ledger assets, Dec. 31, 1902, 

Total, .... 



$304,284 41 
545,888 10 

$850,172 51 



* Reinsured in North British and Mercantile Insurance Company Feb. 25, 1904, and with- 
drew from Massachusetts. 



338 



POTOMAC INSURANCE CO. OF GEORGETOWN. 



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, $205.32 ; other taxes and fees, $9,550.36, 
All other disbursements, 



$120,983 03 

24,000 00 

83,057 27 

11,190 17 

1,635 00 

218 54 

9,755 68 

11,830 32 



Total disbursements, $262,670 01 



Balance, $587,502 50 



Ledger Assets. 

Real estate, $18,428.44; mortgages,* $327,082.34, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 

Reinsurance due on losses paid, 



$345,510 78 

14,300 00 

155,800 97 

41,506 59 

30,271 26 

112 90 



Total ledger assets, $587,502 50 



Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Market value of stocks and bonds over book value, 



3,477 47 
14,559 66 



Gross assets $605,539 63 



Liabilities. 

Unpaid losses, $20,864.71 ; less reinsurance, $1,523.64, . 
Unearned premiums on outstanding risks, $197,333.88; plus 
same on disallowed reinsurance, $949.20, . 



$19,341 07 
198,283 08 
$217,624 15 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... $387,915 48 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 187,915 48 

Total liabilities, $605,539 63 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



Premiums. 

. $36,496,254 00 $359,851 37 
. 35,005,398 00 362,964 12 



. $71,501,652 00 $722,315 49 
. 29,426,523 00 302,504 19 



.$42,075,129 00 $419,811 30 
. 3,814,311 00 39,706 58 



. $38,260,318 00 $380,104 72 



* Value of land, $21,501; buildings, $449,800; insurance thereon, $289,800. 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



339 



Miscellaneous. 

Fire losses incurred during the year, 

Dividends declared during the year (12 per cent.), 

Company's stock owned by directors, 



1121,806 00 
24,000 00 
48,975 00 



Schedule A. 

Securities held as Collateral. 



Real estate notes secured by deeds of trust, 
Fredericksburg, Va., bond, 



Schedule B. 



Market Value. Loaned Thereon. 

$30,000 00 $13,500 00 
1,070 00 800 00 



U,070 00 $14,300 00 



Stocks and Bonds owned by the Company. 



Metropolitan R'y bonds, 

Chesapeake & Potomac Telephone Co. bonds, 

United States Electric Light Co. bonds, 

Washington Market Co. bonds, 

Washington Gas Light Co. bonds, . 

Southern R'y bonds, . . ... 

Seaboard Air Line R'y bonds, . 

Pennsylvania R'y bonds, . 

Union Pacific R'y bonds, . 

Chic, Rock Island & Pacific R'y bonds, 

Wisconsin Central R'y bonds, . 

Washington R'ys & Electric Co. bonds, 

Columbia R'y bonds, 

110 shares Farmers' & Mechanics' Nat'l Bank 
53 " Georgetown Gas Light Co., 
50 " Union Trust & Storage Co., 

100 " Atch., Topeka & Santa Fe R'y, 
35 " Washington Safe Dep. Co., . 



00 
00 
00 
00 



Book Value. 

$11,775 97 

30,000 00 
9,500 00 
3,000 00 
5,700 
5,000 

15,000 
7,000 
5,000 00 
5,000 00 
5,000 00 

20,000 00 
3,000 00 

11,000 00 
1,325 
5,000 

10,000 
3,500 



00 
00 
00 
00 



00 
50 
00 
00 
50 



Market Value. 

$12,187 13 

31,500 
9,832 
3,300 
5,871 
5,737 

10,800 00 
6,667 50 
4,812 50 
3,437 50 
4,575 00 

14,400 00 
3,120 00 

34,320 00 
3,975 00 
5,300 00 
9,300 00 
1,225 00 



$155,800 97 $170,360 63 



"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1800. Commenced business 1800.] 
EDWARD L. WATSON, President. BENJAMIN M. MacDOUGALL, Secretary. 



Income. 

Net premiums, $78,710.08 ; extra premiums, 3472.35, . 

Interest on mortgage loans, $3,817.75 ; stocks and bonds, 

331.06; all other, $1,424.10, 



$79,182 43 
21,572 91 



Total income, $100,755 34 

Ledger assets, Dec. 31, 1902, 472,992 56 

Total, $573,747 90 



340 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



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, .... 

Agents 1 balances, 

Southern Railway Co. equipment notes, . 



$30,306 72 
21,746 06 
9,714 61 
9,505 00 
1,436 00 
1,756 11 
2,694 42 

$77,158 92 

$496,588 98 



$62,400 00 

378,948 68 

45,648 25 

4,674 05 

4,918 00 



Total ledger assets, $496,588 98 



Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $3,066.17 ; other assets, $212.50, . 
Market value of stocks, bonds and notes over book value, 



Gross assets, 

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

Total admitted assets, .... 

Liabilities. 



3,278 67 
40,523 32 

$540,390 97 



355 05 
$540,035 92 



$3,638 27 

155,687 31 

2,316 12 

1,364 85 

$163,006 55 
Surplus, 377,029 37 



Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except surplus, . 



Total liabilities, $540,035 92 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $27,718,309 00 $295,138 87 $295,138 87 

Risks written during 1903, . 8,059,556 00 84,974 50 84,974 50 



Total, $35,777,865 00 $380,113 37 $380,113 37 

Risks expired and terminated, . 6,908,564 00 72,631 29 72,631 29 



In force at end of year, 
Amount reinsured, . 



. $28,869,301 00 $307,482 08 $307,482 08 
193,050 00 2,383 05 2,383 05 



Net amount in force, . . $28,676,251 00 $305,099 03 $305,099 03 



* Value of land, $46,775; buildings, $77,700; insurance thereon, $62,S00. 



PROVIDENCE WASHINGTON INSURANCE CO. 



341 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 20, 30, 40, 50 and 65 
per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 



129,368 00 



State of Rhode Island bonds, . 

City of Providence bonds, 

The Metropolitan Water Co. bonds, 

240 shares N. Y., N. H. & Hartford R.R. Co., 

400 " Pennsylvania R.R. Co., . 

200 " Southern R'y Co., . 

158 " Illinois Central R.R. Co., 

115 " N. Y. Cent. & Hud. R. R.R. Co., 

100 " Old Colony R.R. Co., 

100 " Chic, Mil. & St. Paul R.R. Co., 

100 " Fitchburg R.R. Co., 

100 " Ft. Wayne & Jackson R.R. Co., 

100 " Detroit, Hillsd. & So. W. R.R., 

100 " Chicago Great Western R'y Co., 

100 " Rome, Water. & Ogdens. R.R. Co. 

100 " Upper Coos R.R. Co., . 

200 " Mahoning Coal R.R. Co., 

200 " Dela., Lack. & Western R.R. Co., 

200 " Pitts., Bessemer & L. E. R.R. Co., 

200 u Morris & Essex R.R. Co., 

200 " Cleve. & Pitts R.R. Co., . 

100 " Oswego & Syracuse R.R. Co., 

51 " Providence & Worcester R.R. Co., 

50 " Connecticut River R.R. Co., . 

50 " Hereford R'y Co., . 

40 " Boston & Providence R.R. Co., 

50 " Chicago & E 111. R.R. Co., . 

150 " Blackstone Canal Nat'l Bank, 

20 " National Bank of Commerce, . 

50 " R. I. Investment Co., 



00 
13 
00 
00 
90 
30 
00 
00 



Book Value. 

$11,225 00 

14,067 35 
5,970 

32,223 

25,420 

13,700 

16,453 

12,266 

19,500 

11,675 

10,475 00 

14,118 00 

10,900 00 
9,300 00 

13,825 00 

14,900 00 

12,075 00 

17,262 
7,000 

19,675 

19,450 

10,250 

12,558 75 

12,500 00 
5,000 00 

10,400 00 
6,800 00 
3,868 75 
1,090 00 
5,000 00 



50 
00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$10,000 00 

14,000 00 

4,200 00 

47,040 00 

24,000 00 

15,800 00 

20,850 00 

13,800 00 

20,000 00 

17,700 00 

13,600 

14,600 

10,400 

8,600 

13,500 00 

14,500 00 

11,750 00 

26,800 00 

7,200 00 

18,500 00 

18,000 00 

11,750 00 

15,300 00 

14,000 00 

4,600 00 

12,000 00 

6,000 00 

4,300 00 

1,100 00 

5,500 00 



$378,948 68 $419,390 00 



"PROVIDENCE WASHINGTON INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $500,000. 

J. H. DeWOLF, President. SAMUEL G. HOWE, Secretary. 

Income. 

Net fire premiums, $1,492,787.15 ; marine, $412,027.07, . $1,904,814 22 
Interest on stocks and bonds, 93,656 37 

Total income, $1,998,470 59 

Ledger assets, Dec. 31, 1902, 1,797,604 96 

Total, $3,796,075 55 



342 PROVIDENCE WASHINGTON INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $808,401.70 ; marine, $302,- 

549.63, . ' . $1,110,951 33 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 425,805 05 

Salaries, fees, etc., of officers and employees, .... 120,770 04 

Rents, 7,609 51 

Taxes and fees, . • 49,955 57 

Cost of investments over book value, 85,998 10 

All other disbursements, 94,734 09 



Total disbursements, $1,945,823 69 



Balance, $1,850,251 86 



Ledger Assets 



Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' balances, 
Bills receivable, 



.,482,640 00 

106,575 52 

224,982 27 

36,054 07 



Total ledger assets, $1,850,251 86 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, . . . 10,112 11 
Market value of stocks and bonds over book value, . . 534,220 00 



Gross assets,* $2,394,583 97 



Assets not admitted. 

Agents' balances over three months due, . $1,350 58 

Bills receivable, past due, .... 775 00 

Total unadmitted assets, .... 2,125 58 



Total admitted assets, $2,392,458 39 



Liabilities. 

Unpaid losses, including $16,619.92 resisted, $332,354.70; 

less reinsurance, $108,174.40, $224,180 30 

Unearned premiums on outstanding risks, $1,271,884.31 ; plus 

same on disallowed reinsurance, $35,904.16, . . . 1,307,788 47 



All liabilities, except capital and surplus, . . . $1,531,968 77 
Surplus to policy holders, .... $860,489 62 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, . . . 360,489 62 

Total liabilities, $2,392,458 39 

* Including $100,000 special reserve held under Rhode Island laws. 



PROVIDENCE WASHINGTON INSURANCE CO. 



343 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$222,883,464 00 
202,665,846 00 

$425,549,310 00 
190,837,408 00 

$234,711,902 00 
45,320,761 00 



Premiums. 

^2,510,883 80 
2,143,912 76 

$4,654,796 56 
2,017,424 91 

$2,637,371 65 
445,922 99 



$189,391,141 00 $2,191,448 66 



$7,736,015 00 
121,960,968 00 

$129,696,983 00 
121,363,248 00 

$8,333,735 00 
1,016,020 00 



$307,037 58 
636,533 49 

$943,571 07 
635,690 47 

$307,880 60 
49,716 60 



$7,317,715 00 $258,164 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent), 

Company's stock owned by directors, . 



$43,241,016 00 
25,478,219 00 
809,571 00 
272,582 00 
2,455,563 00 
50,000 00 
31,950 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States government bonds, 

Commonwealth of Massachusetts bonds, . 

City of Pawtucket bonds, .... 

City of Fort Wayne refunding bonds, 

City of Indianapolis bonds, 

Boston & Providence R.R. Co. bonds, 

Boston & Maine R.R. Co. bonds, 

Boston & Lowell R.R. Co. bonds, 

Great Northern R'y Co. bonds, 

Lehigh Valley R.R. Co. bonds, 

Northern Pacific & Great Northern joint bond 

Old Colony R.R. Co. bonds, . 

Buffalo Traction Co. bonds, 

Cleveland Electric R'y Co bonds, . 

Columbus & Ninth Ave. R.R. Co. bonds, . 

Columbus St. R'y Co. bonds, . 

St. Louis Transit Co. collateral trust note, 

United Traction & Electric Co. bonds, 

West End Street R'y Co. bonds, 



Book Value. 

$40,000 00 
88,000 00 
25,000 00 
25,000 00 
45,000 00 

100,000 00 
25,000 00 
10,000 00 
19,440 00 
25,000 00 
50,000 00 
25,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
50,000 00 
30,000 00 



Market Value. 

$42,600 00 
94,010 00 
26,000 00 
23,750 00 
46,550 00 

105,000 00 
30,000 00 
10,500 00 
19,250 00 
27,000 00 
46,750 00 
27,000 00 
21,600 00 
10,200 00 
11,800 00 
10,500 00 
18,400 00 
54,500 00 
30,770 00 



344 



QUEEN INSURANCE CO. OF AMERICA. 



25 shares Central Trust Co., N. Y., . 

300 " Fourth National Bank, N. Y , 

375 " Nat'l Bank of Commerce, N. Y., 

300 " National Park Bank, N. Y., . 

1,100 " Blackstone Canal N'l B'k, Prov., 

500 " Merchants' National Bank, Prov 

500 " Chic. & Northwestern R'y Co., 

200 « CI., Cin., Chic. & St. Lo. R.R. Co. 

200 " Illinois Central R.R. Co., . 

300 " N. Y. Cent. & Hud. R. R.R Co., 

660 " N. Y , N. II. & Hartford R.R. Co, 

600 " Northern Securities Co., 

200 " Old Colony R.R. Co., . 

1,734 " Pennsylvania R.R. Co., 

300 " Pitts., Ft. Wayne & Chic R'y Co, 

200 " Rome, Watert'n & Og. R.R. Co., 

50 " Fall River Gas Works Co., 

300 " General Electric Co., . 

600 " Providence Gas Co., 

300 " Providence Telephone Co., 

200 " Temple Iron Co., . 

1,500 " What Cheer Corporation, 



Book Value. 

$2,500 00 
30,000 00 
37,500 00 
30,000 00 
27,500 00 
25,000 00 
50,000 00 
20,000 00 
20,000 00 
30,000 00 
66,000 00 
60,000 00 
20,000 00 
86,700 00 
30,000 00 
20,000 00 
5,000 00 
30,000 00 
30,000 00 
15,000 00 
20,000 00 
200,000 00 



Market Value^ 

$48,750 00 

61,500 00 

78,750 00 
130,500 00 

33,000 00 

38,000 00 
100,900 

22,600 

26,300 

35,850 
129,360 00 

54,000 00 

39,800 
103,170 

54,900 

26,400 

11,100 

52,800 

60,000 00 

33,000 00 

20,000 00 
200,000 00 



00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



$1,482,640 00 $2,016,860 00 



"QUEEN INSURANCE COMPANY OF AMERICA," 
NEW YORK, N. Y. 

[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.] 

Paid-up Capital, $500,000. 

EDWARD F. BEDDALL, President. NEVETT S. BARTOW, Secretary. 

Income. 

Net fire premiums, f 3,009,678 98 

Interest on mortgage loans, $ 1,445; stocks and bonds, $191,- 



659.92 ; all other, $4,707.07, 

Rents, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1902, . 



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, f 665. 33 ; other taxes and fees, $71, 242. 99, 

Loss on sale or maturity of ledger assets, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



197,811 99 
5,244 56 
60,037 46 

$3,272,772 99 
5,664,654 20 

18,937,427 19 



$1,560,209 29 

100,000 00 

651,256 27 

219,979 54 

26,286 72 

1,200 55 

71,908 32 

60,360 43 

152,015 24 

$2,843,216 36 

$6,094,210 83 



QUEEN INSURANCE CO. OF AMERICA. 345 



Ledger Assets. 

Real estate, $150,999.25; mortgages,* $71,000, . . . $221,999 25 

Stocks and bonds (schedule A), 5,299,534 28 

Cash in banks and office, 195,582 44 

Agents' balances, 377,094 86 

Total ledger assets, $6,094,210 83 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,368.28; stocks and bonds, $68,591. 06 ; other 

assets, $485.05, 70,444 39 

Reinsurance due on losses paid, 2,056 34 



Gross assets, $6,166,711 56 

Assets not admitted. 

Agents' balances over three months due, . . $1,975 60 

Special deposits less $419,393.62 liab. thereon, 35,667 76 

Total unadmitted assets, .... 37,643 36 



Total admitted assets, $6,129,068 20 

Liabilities. 

Unpaid losses, including $32,770 resisted, $262,010.33; less 

reinsurance, $24,132.48, $237,877 85 

Unearned premiums on outstanding risks, $2,326,082. 53 ; plus 

same on disallowed reinsurance, $9,359.21, . . . . 2,335,44174 

Salaries and other miscellaneous expenses, due or accrued, . 61,013 51 

Commissions and other charges due agents and brokers, . 4,305 43 

Due for return premiums, $4,955. 91; reinsurance, $26,792.32, 31,748 23 



All liabilities, except capital and surplus, . . . $2,670,386 76 
Surplus to policy holders, .... $3,458,681 44 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 2,958,681 44 



Total liabilities, $6,129,068 20 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Premiums. 

$386,579,361 00 $4,485,460 58 
. 308,315,249 00 3,983,427 28 



$694,894,610 00 $8,468,887 86 
.287,443,216 00 3,611,467 05 



$407,451,394 00 $4,857,420 81 
. 30,376,094 00 360,329 79 



Net amount in force, .... $377,075,300 00 $4,497,091 02 
* Value of property, $108,500; insurance thereon, $73,500. 



346 



QUEEN INSURANCE CO. OF AMERICA. 



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, .... 



$28,415,853 00 
. 13,712,194 00 
. 1,547,867 00 
. 800,000 00 
100,000 00 
7,000 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



300 shares Atlanta & Char. Air Line R'y Co 
364 " Allegheny & Western R'y Co., 
177 " Albany & Susquehanna R.R. Co 

2,006 " Beech Creek R'y Co., . 

10 " Boston & N. Y. Air Line R.R. Co 
500 " Canada Southern R.R. Co., . 

1,000 " Cleveland & Pittsburgh R.R. Co 
669 " Ft. Wayne & Jackson R.R. Co., 

1,000 " 111. Cent. (Leased Line) R.R. Co 
290 " Jackson, Lans. & Sag. R.R. Co , 

1,400 " Morris & Essex R.R. Co., . 
5 " Naugatuck R.R. Co., . 
805 " N. Y. & Harlem R.R. Co., . 
300 " North Carolina R.R. Co., . 
836 " N. Y., Lack. & Western R R. Co 
600 " Pitts., Ft. Wayne & Chic. R.R. Co 
820 " Pitts., McKees. & Youg. R.R. Co 
550 " Rensselaer & Saratoga R.R. Co., 

1,000 " Rome, Wat. & Ogden. R.R. Co., 
380 " St. Louis Bridge Co., . 

1,000 " Syr., Geneva & Corn. R.R. Co., 
543 " United N. J. R.R. & Canal Co., 
812 " Warren R.R. Co., 
350 " Buffalo, Roch. & Pitts. R'y Co., 
260 " Chicago., Mil. & St. Paul R.R. Co. 
350 " Chic. & Eastern 111. R.R. Co., 
375 " Chic. & Northwestern R.R. Co., 
284 " Chic, St. P., Minn. & Om. R.R. Co. 
400 " The Farmers' Loan & Trust Co., 
10 " Underwriters' Salv. Co. of N. Y. 

N. Y. State Canal Improvement Loan bonds, 

State of Georgia bonds, .... 

New Zealand stock, 

Quebec inscribed stock, .... 

Manitoba debentures, .... 

New York City consolidated gold bonds, 

City of Brooklyn bonds, .... 

Portland, Ore., Water Loan bonds, . 

City of Richmond, Va., bonds, . . . 

City of Toronto Consolidated Loan deben. b'ds 

Montreal, Canada, debenture bonds, 

Montreal, Canada, sinking fund gold bonds, 

Halifax, N. S., stock, .... 

Atchison, Topeka & Santa Fe R'y bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Canadian Northern R'y bonds, 



00 
86 
00 
00 
00 
00 
10 
86 
30 
00 



Book Value. 

$51,000 00 
54,536 00 
43,645 04 

110,071 95 

1,090 
31,887 
96,000 
97,938 

104,750 
27,295 

100,150 
1,319 

145,238 
51,600 
99,163 86 

101,313 30 
41,000 00 
99,887 50 

113,085 00 
53,109 00 
99,750 00 

125,945 55 
79,237 09 
49,111 67 
48,629 78 
48,878 77 
78,995 13 
51,157 74 
71,600 00 
1,000 00 
50,000 00 
10,000 00 
49,000 00 
24,500 00 
29,400 00 
1,012,000 00 

525,000 00 
50,000 00 
25,000 00 
48,428 06 
34,066 66 
70,000 
66,000 
12,000 
47,997 
48,666 



00 
00 
00 
70 
66 



Market Value. 

$51,000 00 
54,536 00 
43,645 04 

110,071 95 

1,090 00 

31,887 86 

96,000 00 

97,938 00 

104,750 00 
27,295 00 

100,150 10 
1,319 86 

145,238 30 
51,600 00 
99,163 86 

101,313 30 
41,000 00 
99,887 50 

113,085 00 
53,109 00 
99,750 00 

125,945 55 
79,237 09 
49,111 67 
48,629 78 
48,878 77 
78,995 13 
51,157 74 
71,600 00 
1,000 00 
50,000 00 
10,000 00 
49,000 00 
24,500 00 
29,400 00 
1,012,000 00 

525,000 00 
50,000 00 
25,000 00 
48,428 06 
34,066 66 
70,000 00 
66,000 00 
12,000 00 
47,997 70 
48,666 66 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



347 



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

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

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

Chicago & Northwestern R.R. bonds, 

Chic, St. Paul, Minn. & Omaha R.R. bonds, 

Chicago, St. P., M. & O. R.R. bonds, 

Chesapeake & Ohio R'y bonds, 

Cin., Ind., St. Louis & Chic. R'y bonds, . 

Fremont, Elkhorn & Mo. R.R. bonds, 

Illinois Central R.R. bonds, 

Indiana, Illinois & Iowa R.R. bonds, 

Lake Shore & Michigan Southern R.R. bonds 

Metropolitan Street R'y bonds, 

New Jersey Junction R.R. bonds, . 

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

Norfolk & Western R'y bonds, 

North. Pac. R.R. Prior Lien & Land Grant b'ds, 

Ottumwa, Cedar Falls & St. Paul R.R. bonds, 

Pennsylvania Co. R.R. bonds, . 

Pennsylvania Co. bonds, .... 

Panama R.R. bonds, 

Sioux City & Pacific R.R. bonds, 
Third Avenue R.R. bonds, 

Union Pacific R.R. bonds, 

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



Book Value. 

$47,000 00 
55,000 00 
89,900 00 
45,000 00 
25,000 00 

112,192 46 
45,000 00 
50,000 00 
10,000 00 
23,593 75 
24,961 30 
47,000 00 
15,000 00 
30,000 00 

100,000 00 
28,857 95 
90,158 24 
6,000 00 
75,000 00 
24,362 50 
17,000 00 
48,062 50 
10,000 00 
50,000 00 
50,000 00 



Market Value. 

$47,000 00 

55,000 00 

89,900 00 

45,000 00 

25,000 00 

112,192 46 

45,000 00 

50,000 00 

10,000 00 

23,593 75 

24,961 30 

47,000 00 

15,000 00 

30,000 00 

100,000 00 

28,857 95 

90,158 24 

6,000 00 

75,000 00 

24,362 50 

17,000 00 

48,062 50 

10,000 00 

50,000 00 

50,000 00 



$5,299,534 28 $5,299,534 28 



"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA," 

piAladelphia, PA. 

[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.] 

Paid-up Capital, $300,000. 

WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary. 

Income. 

Net fire premiums, $579,039 28 

Deposit premiums on perpetual risks, 7,513 33 

Interest on mortgage loans, $8,546.87; stocks and bonds, 

$29,063.06 37,609 93 

Rents, including company's own occupancy, .... 7,004 69 

Profit on sale or maturity of ledger assets, .... 1,200 00 

From all other sources, 271 90 

Total income, $632,639 13 

Ledger assets, Dec. 31, 1902, 1,048,288 27 

Total $1,680,927 40 



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 ,787 . 10 ; other taxes and fees, $ 15,697 . 28, 



$247,368 03 

5,288 27 

21,000 00 

151,501 47 

29,311 02 

2,000 00 

4,353 57 

17,484 38 



348 THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 

Premiums on bonds, $1,962 50 

All other disbursements, 38,657 53 



Total disbursements, $518,926 77 



Balance, $1,162,000 63 

Ledger Assets. 

Real estate, $113,860.65; mortgages,* $163,660, . . . $277,520 65 

Stocks and bonds (schedule A), 706,990 50 

Cash in banks and office, 71,319 60 

Agents' balances, 106,169 88 

Total ledger assets, $1,162,000 63 

Non-Ledger Assets. 

Interest accrued on mortgages, 1,512 98 

Rents accrued on company's property, 320 70 

Market value of stocks and bonds over book value, . . 29,429 50 

All other 897 00 



Gross assets, $1,194,160 8.1 

Assets not admitted. 

Company's stock owned, $1,620 00 

Depreciation in book value of real estate, . 2,360 65 

Total unadmitted assets, .... 3,980 65 



Total admitted assets, $1,190,180 16 

Liabilities, * 

Unpaid losses, including $1,500 resisted, $69,764.64; less re- 
insurance, $6,062.84, $63,701 80 

Unearned premiums on outstanding risks, $456,565.14; plus 

same on disallowed reinsurance, $3,741.37, . . . . 460,306 51 

Reclaimable on perpetual fire policies, 136,111 57 

Commissions and other charges due agents and brokers, . 13,278 05 

All liabilities, except capital and surplus, . . . $673,397 93 

Surplus to policy holders $516,782 23 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities, .... 216,782 23 

Total liabilities, $1,190,180 16 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

.$72,097,272 00 $836,271 95 
. 60,645,003 00 767,440 28 



$132,742,275 00 $1,603,712 23 
. 51,987,052 00 639,030 84 



,755,223 00 $964,681 39 
7,308;338 00 91,363 19 



Net amount in force, $73,446,885 00 $873,318 20 

Perpetual risks in force (not included above), $5,351,694 00 $149,506 92 

* Value of land, $147,800; buildings, $217,700; insurance thereon, $135,550. 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



349 



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, . 



$6,795,874 00 

4,109,955 00 

267,183 00 

992,597 00 

21,000 00 

44,900 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



City of Pittsburgh, Pa., bonds, . 
City of Qufncy, 111., bonds, 
City of Wilmington, Del., bonds, 
City of Chester, Pa., bonds, 
South Bethlehem, Pa., bonds, . 
Atlantic City, N. J., bonds, 
New Castle County, Del., bonds, 
United Co. of New Jersey bonds, 
Lehigh Valley R.R. Co. bonds, 
Easton & Amboy R.R. Co. bonds, 
North Pennsylvania R.R. Co. bonds, 
Louisville & Nashville R.R. Co. bonds, 
Northern Central R.R. Co. bonds, . 
Philadelphia & Erie R.R. Co. bonds, 
Phila. & Baltimore Central R.R. Co. bonds, 
Pennsylvania R.R. Co. bonds, . 
Steubenville & Indiana R R. Co. bonds, 
Camden & Atlantic R.R. Co. bonds, 
Pennsylvania & N. Y. Canal Co. bonds, 
Allentown Terminal R.R. Co. bonds, 
Philadelphia & Reading R.R. Co. bonds, 
Delaware River Ferry Co. bonds, . 
Philadelphia Traction Co. bonds, 
People's Passenger R'y Co. bonds, . 
Pennsylvania & N. Y. Canal Co. bonds, 
Second Ave. Traction Co., Pitts., Pa., bonds, 
Hunt. & Broad Top Mt. R.R. & C'l Co. bonds 
Omaha Water Co., Omaha, Neb., bonds, . 
United Traction Co. of Pittsburg bonds, . 
Philadelphia & Erie R.R. Co. bonds, 
West Jersey & Seashore R.R. Co. bonds, 
Susquehanna Coal Co. bonds, . 
100 shares Commercial Nat'l Bank, Phila., 
27 " Reliance Ins. Co., Philadelphia, 
Western Pennsylvania R.R. Co. bonds, . 
Allegheny Valley R'y Co. bonds, 
Erie & Pittsburg R.R. Co bonds, 
Allegheny Valley R'y Co. bonds, 
Lehigh Valley R.R. Co. bonds, 
Pittsburg, Cin., Chic. & St. L. R'y Co. bonds, 
34 shares Omaha Water Co , . 
Penn. R.R. Co. Equip. Trust Loan bonds, 
Elec. & People's Traction stock trust certs., 
Western N. Y. & Penn. R.R. Co. bonds, . 
West Chester (N. Y.) Lighting Co. bonds, 
N. Y., Phila. & Norfolk R.R. Co. bonds, . 
Reading Co. Jersey Central bonds, . 



00 
00 
00 
00 
00 



Book Value. 

$18,000 00 
15,000 00 
20,000 00 

5,000 00 

4,000 

5,000 

5,000 

5,000 
25,000 
20,000 00 

5,000 00 

7,000 00 

5,000 00 
25,000 00 
10,000 00 

4,000 00 
20,000 00 
30,000 00 
10,000 00 
15,000 00 
14,000 00 

6,000 00 

5,000 00 
10,000 00 
20,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 

5,000 

5,000 

5,000 

1,200 

1,350 
10,000 
10,000 00 
10,000 00 
10,000 00 

5,000 00 
36,000 00 

1,700 00 
10,000 00 

9,875 00 

5,000 
10,000 

5,000 

9,500 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$ 19,260 00 
15,600 00 
21,600 

5,200 

4,200 

5,200 

5,250 

5,300 
26,250 00 
22,400 00 

5,550 00 

8,050 00 

5,250 00 
28,750 00 
10,600 00 

4,600 00 
22,400 00 
32,700 00 
11,000 00 
15,450 00 
15,300 00 

6,300 00 

5,250 00 
10,400 
19,800 
17,250 
10,500 

9,000 
11,300 

5,250 

5,300 

5,650 
300 

1,620 
10,800 
10,200 
10,000 00 
11,700 00 

5,600 00 

33,840 00 

850 00 

10,200 

10,000 

5,850 
10,300 

5,050 

9,200 



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



00 
00 
00 
00 
00 
00 



350 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



Erie R.R. Co. bonds, 

Read. Co. & Ph. & Read. CU & Pn Co. bonds, 

Pennsylvania Co. £old loan bonds, . 

Northern Pacific R'y Co. bonds, 

Northern Pacific-Great Northern joint bond, 

Pennsylvania Steel Car Trust bonds, 

Atlantic Coast Line bonds, 

Baltimore & Ohio bonds, .... 

Central R.R. Co. of N. J. equipment bonds, 

Schuylkill River R.R. Co , East Side bonds, 

Erie R.R. Co. bonds, 

Denver & Rio Grande R.R. Co. bonds, 
Chesapeake & Ohio R.R. Co. bonds, 
Missouri & Pacific R.R. Co. bond, . 
Atchison, Topeka & Santa Fe R.R. Co. bonds, 
N. Y. Cent. & Hudson River R.R. Co. bonds, 



Book Value. 


Market Value. 


$ 14,932 00 


$14,850 00 


14,356 25 


14,550 00 


29,075 00 


28,500 00 


11,056 25 


10,500 00 


19,221 25 


18,800 00 


9,831 00 


10,000 00 


14,156 25 


13,950 00 


18,587 50 


19,200 00 


9,775 00 


10,000 00 


9,750 00 


10,000 00 


4,206 25 


4,250 00 


9,887 50 


10,000 00 


10,000 00 


10,200 00 


15,000 00 


15,750 00 


10,000 00 


10,000 00 


4,531 25 


4,450 00 


$706,990 50 


$736,420 00 



"RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1848. Commenced business 1848.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Income. 

Net premiums, $552,729 41 

Interest on stocks and bonds, $26,237.50; all other, f 1,804. 95, 28,042 45 

Total income, $580,77186 

Ledger assets, Dec. 31, 1902, 567,578 96 

Total $1,148,350 82 

Disbursements. 

Net amount paid for losses, $31,974 19 

Profits on terminated policies, 433,768 93 

Salaries, fees, etc., of officers and employees, .... 10,869 55 

Rents, 967 50 

Taxes and fees, 9,522 54 

Inspections, 8,455 44 

1903 premiums paid in 1902, 12 00 

All other disbursements, 2,043 08 

Total disbursements, $497,613 23 

Balance, $650,737 59 



Ledger Assets. 



Stocks and bonds (schedule A), 

Cash in banks, 

Premiums in course of collection, . 



. $577,642 66 

63,923 02 

9,171 91 



Total ledger assets, $650,737 59 



EHODE ISLAND MUTUAL FIRE INSURANCE CO. 



351 



Non-Ledger Assets. 

Interest due and accrued : — 
On bonds $ 166. 67; other assets, $6,347.47, . 
Market value of stocks and bonds over book value, 



Gross assets, 



$6,514 14 
88,061 09 

$745,312 82 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes accrued, 



$3,215 06 

274,422 27 

8,303 53 



All liabilities, except surplus, $285,940 86 

Surplus, 459,371 96 



Total liabilities, $745,312 82 

Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $58,312,878 00 $463,921 25 $2,319,606 25 

Risks written during 1903, . 70,771,627 00 574,310 26 2,871,551 30 



Total $129,084,505 00 $1,038,231 51 $5,191,157 55 

Risks expired and terminated, . 61,808,664 00 489,386 98 2,446,934 90 



In force at end of year, 



$67,275,841 00 $548,844 53 $2,744,222 65 



Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1903, 92.83 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 



$34,533 00 



United States bonds, 

250 shares Providence & Worcester R.R., 



300 
200 
l,900f 
500 
220 
100 
150 
200 
230 
100 
115 
100 
50 
140 
200 
300 
300 
100 



Illinois Central R.R., 
Rome, Watertown & Og. R.R., 
Pennsylvania R.R., 
N. Y., N. H. & Hartford R.R., 
Chic, Burl. & Quincy R.R., . 
N. Y., Lack. & Western R.R., 
Pitts., Ft. Wayne & Chicago R.R. 
Chic, Mil. & St. Paul R.R., . 
Chicago & Northwestern R.R., 
CI., Cin., Chic. & St. Louis R.R., 
N. Y. Central & Hud. River R.R. 
Nat'l Bank of Commerce, Prov., 
Nat'l R'k of No. America, Prov., 
American National Bank, Prov., 
Merchants' National Bank, Prov. 
Union Pacific R.R., 
Northern Securities Co., 
Manhattan R'y Co., 



Book Value. 

$25,000 00 

56,000 00 

32,525 28 

20,650 00 

118,432 43 

86,665 00 

16,000 00 

12,200 00 

25,359 00 

36,425 00 

34,925 00 

10,162 50 

14,962 50 

5,000 00 

2,600 00 

5,400 00 

10,000 00 

26,264 07 

24,971 88 

14,100 00 



Market Value. 

$33,375 00 
71,250 00 
39,300 00 
26,400 00 

113,070 00 
98,000 00 
41,360 00 
13,300 00 
27,150 00 
35,500 00 
38,985 00 
11,250 00 
13,713 75 
5,500 00 
6,500 
7,700 
15,400 
26,550 
27,000 
14,400 



00 
00 
00 
00 
00 
00 



$577,642 66 $665,703 75 



352 ROCHESTER GERMAN INSURANCE CO. 



" ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER, 
NEW YORK," ROCHESTER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 
Paid-up Capital, $200,000. 
FREDERICK COOK, President. H. F. ATWOOD, Secretary. 

Income. 

Net fire premiums, $998,874 44 

Interest on mortgage loans, $ 17,361. 67; stocks and bonds, 

$26,072; all other, f 3,686. 78 47,120 45 

Rents, 9,995 06 

Total income, 11,055,989 95 

Ledger assets, Dec. 31, 1902, 1,409,605 03 

Total, $2,465,594 98 

Disbursements. 

Net amount paid for fire losses, $425,905 07 

Interest and dividends to stockholders, .... 30,000 00 

Commissions or brokerage, 301,159 01 

Salaries, fees, etc., of officers and employees, .... 30,513 98 

Repairs and expenses on real estate, 9,093 88 

Real estate taxes, $4,329 . 39 ; other taxes and fees, $24,120 . 75, 28,450 14 

Profit and loss, 14,579 53 

All other disbursements, . . 63,013 73 

Total disbursements, $902,715 34 

Balance, $1,562,879 64 

• Ledger Assets. 

Real estate, $267,810.91; mortgages,* $353,347.10, . . $621,158 01 

Stocks and bonds (schedule A), 616,193 06 

Cash in banks and office, 202,912 68 

Agents' balances, 122,615 89 

Total ledger assets, $1,562,879 64 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $8,289.63; stocks and bonds, $7,187.50,. . 15,477 13 
Market value of stocks and bonds over book value, . . 27,331 94 

Gross assets, $1,605,688 71 

Liabilities. 

Unpaid losses, including $12,436.48 resisted, $102,729.47; 

less reinsurance, $25,940.58, $76,788 89 

Unearned premiums on outstanding risks, $755,761.61 ; plus 

same on disallowed reinsurance, $8,460.69, . . . . 764,222 30 
Commissions and other charges due agents and brokers, . 543 54 

All liabilities, except capital and surplus, . . . $841,554 73 

* Value of land, $341,030; buildings, $417,750; insurance thereon, $352,210. 



ROCHESTER GERMAN INSURANCE CO. 



353 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$764,133 98 



f200,000 00 
564,133 98 



Total liabilities, $1,605,688 71 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$118,624,916 00 $1,425,355 34 
110,629,240 00 1,477,409 28 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$229,254,156 00 $2,902,764 62 
95,363,905 00 1,238,186 89 



$133,890,251 00 $1,664,577 73 
16,283,823 00 236,837 27 



$117,606,428 00 $1,427,740 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 (15 per cent.), 
Company's stock owned by directors, .... 



$11,799,276 00 

6,379,664 00 

422,536 00 

569,000 00 

25,000 00 

30,000 00 

37,225 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Rochester Gas & Electric Co. bonds, 
Rochester R'y bonds, 
Georgia State bonds,. 
Erie R.R. bonds, .... 
Santa Fe, Prescott & Phoenix R.R. bonds, 
Union Pacific R.R. bonds, . 
Southern R'y bonds, .... 
Northern Pacific R.R. bonds, . 
Nashville, Chatta. & St. Louis R.R. bonds, 
Atch., Topeka & Santa Fe R.R. bonds, 
Rochester Telephone Co. bonds, 
Virginia State bonds, 
St. Lo., Iron Mountain & Southern R.R. bonds 
Toledo, St. Louis & Western R.R. bonds, 
German-American Bank of Rochester stock, 
Rochester Gas & Electric Co. stock, 
Stromberg-Carlson Tel. Mfg. Co. of Roch. st'k 
Eastman Kodak Co. of Rochester stock, . 
JEtna Indemnity Co., Hartford, stock, 
Pennsylvania R.R. Co. stock, . 



09 
00 
00 
50 
00 



Book Value. 

$42,325 00 

168,362 61 

12,000 00 

9,087 50 

26,427 

20,375 

21,225 

9,137 

10,275 

8,650 00 
24,764 86 
9,750 00 
21,375 00 
41,000 00 
35,000 00 
45,500 00 
25,505 50 
51,433 00 
10,000 00 
24,000 00 



Market Value. 

$40,400 00 

188,125 00 

10,800 00 

9,900 00 
28,750 00 
20,600 00 
22,800 00 
10,200 00 
11,100 00 

9,900 00 
25,000 00 

9,000 00 
25,000 00 
35,500 00 
50,000 00 
36,400 00 
25,250 00 
51,000 00 
10,000 00 
23,800 00 



$616,193 06 $643,525 00 



354 



SECURITY INSURANCE CO. OF NEW HAVEN. 



"SECURITY INSURANCE COMPANY OF NEW HAVEN," 
NEW HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 

Paid-up Capital, $400,000. 

CHAS. S. LEETE, President. H. C. FULLER, Secretary. 

Income. 



Net fire premiums, $853,399.82 ; marine, f 25,965.85, . 
Interest on mortgage loans, f 8,8 19. 64 ; collaterals, $1,995.50 ; 

stocks and bonds, $33,762.99; all other, $2,903.15, . 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, and plus 
increase in capital, 

Total, 



$879,365 67 

47,481 28 

3,202 54 

156 25 

$930,205 74 

1,222,047 98 

$2,152,253 72 



Disbursements. 

Net amount paid for fire losses, $384,430.66; marine, $20,- 

850.60, $405,281 26 

Interest and dividends to stockholders, 24,000 00 

Commissions or brokerage, 197,175 49 

Salaries, fees, etc., of officers and employees, .... 115,132 09 

Rents, including company's own occupancy, .... 2,000 00 

Repairs and expenses on real estate, 952 89 

Real estate taxes, $253.92; other taxes and fees, $25,358.87, 25,612 79 

Profit and loss, 1,152 03 

Total disbursements $771,306 55 

Balance, $1,380,947 17 



Ledger Assets. 

Real estate, $70,920.31 ; mortgages,* $169,272.12, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents' balances, 

Bills receivable, 

Reinsurance due on losses paid, 



$240,192 43 

79,000 00 

865,658 44 

56,137 34 

121,293 94 

17,630 91 

1,034 11 



Total ledger assets, $1,380,947 17 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $1,679.28; stocks and bonds, $4,381.55 ; col- 
lateral loans, $267.50, 

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

Market value of stocks and bonds over book value, 



Gross assets, 



6,328 33 

37 50 

52,998 39 

. $1,440,311 39 



* Value of land, $173,880; buildings, $1S8,500; insurance thereon, $142,350. 



SECUKITY INSUKANCE CO. OF NEW HAVEN. 



355 



Assets not admitted. 



Agents 1 balances over three months due, 
Bills receivable, past due, 
Depreciation in book value of real estate, 
Total unadmitted assets, . 

Total admitted assets, 



54,388 47 
1,428 93 
1,820 31 



',637 71 



$1,432,673 68 



Liabilities. 

Unpaid losses, including $10,614.17 resisted, $100,242. 30 ; less 

reinsurance, $13,709.12, 

Unearned premiums on outstanding risks, .... 
Due for reinsurance premiums, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $592,052 04 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



1,533 18 
752,570 74 
1,517 72 

$840,621 64 

400,000 00 
192,052 04 



Total liabilities, $1,432,673 68 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, . 

Amount reinsured, .... 

Net amount in force, . 



$123,729,711 00 
. 97,985,946 00 

$221,715,657 00 
. 81,209,247 00 

$140,506,410 00 
. 15,176,784 00 



Premiums. 

51,353,945 26 
1,193,388 90 

12,547,334 16 
977,855 48 

11,569,478 68 
195,193 23 



$125,329,626 00 $1,374,285 45 



$502,974 00 
3,404,406 00 

53,907,380 00 
3,564,416 00 

$342,964 00 
63,050 00 



$24,550 08 
32,852 86 

$57,402 94 
40,865 22 

$16,537 72 
2,510 37 



$279,914 00 $14,027 35 






Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$13,976,886 00 

8,931,207 00 

410,619 00 

22,071 00 

580,281 00 

50,000 00 

24,000 00 

111,680 00 



356 



SECURITY INSURANCE CO. OF NEW HAVEN. 



Schedule A. 
Securities held as Collateral. 



Market Value. Loaned Thereon. 



International Silver Co. bonds, 

Illinois Central R.R. Co. stock, 

American Telephone & Telegraph Co. stock, . 

New Haven Gas Light Co. stock, 

Southern New England Telephone Co. bonds, 



Schedule B. 



§4,850 00 

26,200 00 

5,080 00 

6,656 00 

59,000 00 



$4,000 00 
20,000 00 

10,000 00 

45,000 00 



$101,786 00 $79,000 00 



Stocks and Bonds owned by the Company. 



Tradesmen's Nat'l Bank (New Haven) stock, 

Second National Bank (New Haven) stock, 

Merchants 1 Nat'l Bank (New Haven) stock, 

Yale National Bank (New Haven) stock, 

New Haven Nat'l Bank (New Haven) stock, 

New Haven Co. N'l B'k (New Haven) stock, 

First National Bank (New Haven) stock, 

American Ex. National Bank (N. Y.) stock, 

Southern New England Telephone Co. stock, 

American Telephone & Telegraph Co. stock, 

N. Y. Steam Power Co. stock, . 

Northern R.R. of New Jersey stock, 

Consolidated Gas Co stock (N. Y.), 

Twin City Rapid Transit Co. stock, . 

Norfolk & Western R.R. stock, 

Cleve., Cin., Chic. & St. Louis R'y Co. stock, 

Illinois Central R.R, stock, 

Mobile & Ohio R.R. stock trust certificates, 

Delaware & Hudson Canal Co stock, 

Fair Haven & Westville R.R. stock, 

Pennsylvania R.R. Co. stock, 

New York city bonds, 

New Haven, Conn., bonds, 

Meriden, Conn., bonds, 

Canada Southern R.R. bonds, 

Union Pacific R.R. bonds, . 

Central Pacific R.R. bonds, 

Missouri Pacific R.R. bonds, 

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

Minneapolis & St. Louis R.R. bonds, 

Southern R'y Co. bonds, .... 

C, C, C. & St. Louis R.R. bonds, . 

Louisville & Nashville R.R. bonds, . 

Peoria & Eastern R.R. bonds, . 

Erie R.R new consolidated bonds, . 

Northern Pacific R.R. bonds, . 

Central R.R. of Georgia bonds, 

Bing., Lester. & Un. (N. Y.) St. R'y bonds, 

United R'ys Co of St. Louis bonds, . 

New Haven Street R'y Co. bonds, . 

Meriden (Conn.) Horse R.R. Co. bonds, . 

Danbury & Bethel (Conn.) Horse R'y Co. b'ds 

Lynn (Mass.) Belt Line St. R'y Co. bonds, 

Bridgeport (Conn.) Traction Co. bonds, . 



00 
25 
50 
30 

85 
00 



Book Value. 

$24,265 25 
22,546 
21,342 
24,285 
32,936 
24,889 
18,088 
11,545 77 
44,752 10 
44,243 75 

1,543 33 
19,300 00 
39,816 50 
15,800 00 
15,875 00 

9,437 50 
20,974 60 

9,175 00 
11,868 75 
10,325 00 
24,493 75 
19,200 00 
24,135 00 



00 
75 

00 
00 
00 



15,173 
21,038 

9,375 

8,700 
22,150 

9,250 00 
22,063 75 

9,275 
10,193 

9,650 
10,075 

9,950 

7,225 

9,157 
10,150 

9,250 

5,225 
12,310 00 
15,562 50 

3,665 63 
10,375 00 



00 
75 
00 
00 
00 
00 
50 
00 
00 
00 



00 
33 
00 
00 
00 



Market Value. 

$29,600 00 
22,932 00 
25,600 00 
26,000 00 
40,950 00 
29,186 50 
24,605 00 
21,500 00 
54,400 00 
38,100 

1,543 
19,000 
38,800 
15,400 
17,400 00 
11,200 00 
26,200 00 

9,175 00 
16,600 00 
17,000 00 
23,600 00 
19,200 00 
24,120 00 
15,150 00 
21,050 

9,600 

8,450 
22,350 

8,800 
21,960 
11,400 00 

9,600 00 

9,650 00 

9,700 00 

9,650 00 

7,100 00 

2,590 
10,500 

8,000 

5,400 
13,560 00 
15,450 00 

3,605 00 
11,000 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 



SPRING GARDEN INSURANCE CO. 



357 



Milford, Holliston & Fram. St. R'y bonds, 
Third Avenue (N. Y.) R.R. bonds, . 
American Telephone & Telegraph Co. bonds, 
Southern New England Telephone Co. bonds, 
Macon (Ga.) Gas Light & Water Co. bonds, . 
Newark (N. J.) Consolidated Gas Co. bonds, . 
N. Y. Gas, Elec. Lt., Ht. & Power Co. bonds, . 
Cleveland Electric Illuminating Co. bonds, 
N. Y. & Queens Elec Lt. & Power Co. bonds, 
United Illuminating Co. bonds, 
Columbus & Hocking Coal & Iron Co. bonds, 
International Silver Co. bonds, 
Swift & Co. bonds, 



Book Value. 


Market Value. 


$5,562 50 


$5,300 00 


9,875 00 


9,500 00 


9,725 00 


9,400 00 


6,185 00 


7,080 00 


16,601 87 


16,540 00 


10,450 00 


10,500 00 


19,219 99 


18,400 00 


10,900 00 


10,600 00 


10,150 00 


10,100 00 


5,772 50 


5,760 00 


10,000 00 


9,000 00 


10,262 50 


9,700 00 


10,300 00 


10,100 00 


$865,658 44 


$918,656 83 



"SPRING GARDEN INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.] 
Paid-up Capital, $400,000. 

CLARENCE E. PORTER, President. EDWARD L. GOFF, Secretary. 

Income. 



Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $2,201.06; stocks and bonds, 

$46,905.50 

Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, 



Total income, 



Ledger assets, Dec. 31, 1902, 
Total, .... 



$672,018 27 

11,637 06 

49,106 56 

12,620 80 

8,789 24 

1,303 47 

$755,475 40 
1,426,140 33 



. $2,181,615 73 



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, $2,875 . 55 ; other taxes and fees, $ 18,699 . 75, 
Loss on sale or maturity of ledger assets, .... 
All other disbursements, 

Total disbursements, 

Balance, . . . 



$274,325 81 


15,640 


64 


24,000 


00 


176,662 


30 


37,456 


69 


4,000 


00 


8,053 42 


21,575 


30 


438 


64 


68,481 


46 


$630,634 


26 


$1,550,981 


47 



358 SPRING GARDEN INSURANCE CO. 



Ledger Assets. 

Real estate, $265,211.01; mortgages,* $43,425, . . . $308,636 01 

Stocks and bonds (schedule A), 1,083,293 99 

Cash in banks and office, 33,414 62 

Agents 1 balances, 125,636 85 

Total ledger assets, , $1,550,981 47 

Non-Ledger Assets. 

Interest accrued on mortgages, 764 65 

Rents accrued on company's property, 235 09 

Market value of stocks and bonds over book value, . . 57,951 01 



Gross assets, , , $1,609,932 22 

Assets not admitted. 
Depreciation in book value of real estate, .... 66,611 01 



Total admitted assets, , $1,543,321 21 

Liabilities. 

Unpaid losses, including $9,127.04 resisted, $79,739.28 ; less 

reinsurance, $21,216.85, $58,522 43 

Unearned premiums on outstanding risks, $568,468.16; plus 

same on disallowed reinsurance, $2,662.67, . . . . 571,130 83 

Reclaimable on perpetual fire policies, 361,390 58 

Salaries and other miscellaneous expenses, due or accrued, . 556 87 

Commissions and other charges due agents and brokers, . 231 98 

Due for return and reinsurance premiums, .... 284 42 

All liabilities, except capital and surplus, . . . $992,117 11 
Surplus to policy holders, .... $551,204 10 

Paid-up capital 400,000 00 

Surplus over capital and general liabilities, .... 151,204 10 

Total liabilities, $1,543,321 21 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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



Premiums. 

$107,982,862 00 $1,147,838 68 
89,145,796 00 1,093,948 95 



$197,128,658 00 $2,241,787 63 
77,112,425 00 910,518 95 



$120,016,233 00 $1,331,268 68 
19,426,049 00 242,507 09 



Net amount in force, .... $100,590,184 00 $1,088,761 59 
Perpetual risks in force (not incl'd above), . $17,075,118 $395,989 53 
* Value of property, $81,200; insurance thereon, $46,S00. 



SPRING GARDEN INSURANCE CO. 



359 



Miscellaneous. 

Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



^6,043,785 00 

289,899 00 

2,037,215 00 

200,000 00 

24,000 00 

16,750 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



City of New York Tax Exempt gold bonds, 
Allegheny Valley R.R. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 
Bethlehem Steel Co. bonds, 
Chesapeake & Ohio R.R. Co. bonds, 
Chic, Rock Island & Pacific R'y Co. bonds, 
Chicago & Western Ind. R.R. bonds, 
Choctaw, Oklahoma & Gulf R.R. Co. bonds, 
Citizens' St. R'y Co. of Indianap ,Ind., bonds, 
Clearfield & Jefferson R'y bonds, 
Cleve., Col., Cin. & Indianap. R.R. bonds, 
Consolidated Traction Co. of N. J. bonds, 
Edison Electric gold trust certificates, 
Electric and People's Trac. gold stock tr. certs. 
Erie R.R. Co. gold car trust certificates, . 
Grand Rapids & Indiana R.R. Co. bonds, . 
International Navigation Co. of N. J. bonds, 
Lehigh Valley R.R. Co gold equip, tr. cert., 
Lehigh Valley Coal Co. bonds, 
Maryland Steel Co. bonds, 
Mortgage Trust Co. of Penn. bonds, 
N. Y., Phila. & Norfolk R.R. bonds, 
Northern Pacific Prior Lien & Land Gr. bonds 
Ohio & Little Kanawha R.R. bonds, 
Oregon Short Line R'y Co. bonds, . 
Pennsylvania Co. bonds, .... 
Pennsylvania R.R. Co. bonds, . 
Penn. & N. Y. Canal & R.R. bonds, . 
Pennsylvania Steel Co. bonds, . 
Philadelphia Electric gold trust certificates, 
Philadelphia & Reading R.R. bonds, 
Philadelphia Co., Pa., bonds, . 
Reading Co. P. & R. Coal & Iron Co. bonds, 
Rochester R'y Co., N. Y., bonds, 
St. Louis Merch. Bridge Term. R'y bonds, 
Texas & Pacific R'y Co. bonds, 
Wilmington & Northern R.R. bonds, 
150 shares Central R.R. New Jersey, 
100 " Chicago & Northwestern R'y Co., 
200 " Consolidated Gas Co., N. Y., . 
100 " Delaware & Hudson Co., 
100 " Fourth St. National Bank of Phila. 
200 " Penn National Bank of Phila., 
200 " Manhattan R'y Co., N. Y., 
5 " Underwriters' Salvage Co., N. Y., 



Book Value. 

$50,937 50 
12,916 50 
23,093 75 
23,129 17 
25,910 00 
19,945 00 
16,406 25 
42,604 50 
26,883 00 
10,858 00 
9,850 00 
21,450 00 
22,297 37 
14,942 50 
25,000 00 
27,098 00 

50.212 50 
25,000 00 
49,438 25 
10,020 00 
25,000 00 
39,744 75 
25,718 75 

875 00 

12.213 00 
24,240 00 
26,763 75 
22,785 00 
20,796 00 
35,518 75 
15,600 00 
26,645 50 
23,750 00 
86,071 00 
10,287 50 
17,616 72 
26,500 00 
17,240 
15,962 
35,125 
15,212 
18,085 

7,087 

25,962 

500 



62 

50 
00 
50 
00 
86 
50 
00 



Market Value. 

$51,000 00 
11,650 00 
24,000 00 
23,300 00 
25,625 00 
20,800 00 
15,400 00 
42,200 00 
26,625 00 
12,200 00 
13,000 00 
21,100 00 
27,250 00 
19,900 00 
25,250 00 
27,750 00 
42,330 00 
25,250 00 
52,875 00 
10,150 00 
21,750 00 
43,200 00 
25,750 00 
1,000 00 
12,400 00. 
23,750 00 
26,125 00 
23,750 00 
21,000 00 
35,000 00 
16,500 00 
27,375 00 
24,375 00 
89,500 00 
10,900 00 
17,340 00 
26,750 00 
24,225 00 
16,850 00 
38,800 00 
16,650 00 
25,300 00 
26,000 00 
28,800 00 
500 00 



$1,083,293 99 $1,141,245 00 



360 STATE MUTUAL FIRE INSURANCE CO. 



"STATE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated Feb. 26, 1855. Commenced business Feb. 26, 1855.] 
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Income. 

Net premiums, $900,666 93 

Interest on stocks and bonds, $ 36,524; all other, $1,788.43, . 38,312 43 



Total income, §938,979 36 

Ledger assets, Dec. 31, 1902, 929,572 00 



Total, $1,868,551 36 



Disbursements. 

Net amount paid for losses, $56,429 57 

Profits on terminated policies, 735,751 91 

Salaries of officers and employees, 19,288 77 

Taxes and fees, 16,222 22 

All other disbursements, 19,411 74 

Total disbursements, . $847,104 21 

Balance, $1,021,447 15 

Ledger Assets. 

Stocks and bonds (schedule A), $951,385 75 

Cash in banks and office, 53,838 93 

Premiums in course of collection, 16,222 47 

Total ledger assets, $1,021,447 15 

Non-Ledger Assets. 

Interest due and accrued on bonds, 8,639 50 

Market value of stocks and bonds over book value, . . 23,409 25 

Gross assets, $1,053,495 90 

Liabilities. 

Unpaid losses, $5,777 23 

Unearned premiums on outstanding risks, .... 447,490 11 
Taxes accrued, 12,389 73 

All liabilities, except surplus, $465,657 07 

Surplus, 587,838 83 

Total liabilities, $1,053,495 90 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



361 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $98,028,906 00 $794,315 31 $3,971,576 55 

Risks written during 1903, . 114,516,998 00 940,824 88 4,704,124 40 



Total $212,545,904 00 $1,735,140 19 $8,675,700 95 

Risks expired and terminated, . 104,493,067 00 840,159 97 4,200,799 85 



In force at end of year, 



$108,052,837 00 $894,980 22 $4,474,901 10 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 91.74 per cent. 



,737 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



State of Rhode Island bonds, . 

City of Providence bonds, 

City of Boston bonds, .... 
448 shares Providence & Worcester R.R., 
500 " Old Colony R.R., . 
200 " Boston & Providence R.R., . 
400 " Pitts., Ft. Wayne & C. R.R., 
400 " Rome, Watert'n & Ogdens. R,R 
350 " N. Y., Lacka. & Western R.R., 
700 " Cleveland & Pittsburg R.R., 
500 " Morris & Essex R.R., . 
150 " N. Y., N. H. & Hart. R.R., . 
110 " Merchants' National Bank, . 
300 " Illinois Central R.R., . 
300 " Chicago Great Western R.R., 
21 " Albany & Susquehanna R.R., 
400 " Pitts., Bessemer & L. Erie R.R., 
420 " West End Street R.R., . 

1,400 " Pennsylvania R.R., 



Book Value. 

$60,000 00 
55,000 00 
44,000 00 

114,240 00 
92,500 00 
54,000 00 
69,400 00 
47,200 00 
42,000 00 
65,050 00 
45,750 
27,256 
5,940 
31,500 
27,000 00 
5,082 00 
30,800 00 
39,400 00 
95,267 50 



00 
25 

00 
00 



Market Value. 

$60,000 00 

51,000 00 

45,985 00 

127,680 00 

100,000 00 

59,600 00 

72,400 00 

52,400 00 

46,550 00 

63,700 00 

46,000 00 

29,400 00 

8,470 00 

31,500 00 

25,800 00 

4,830 00 

28,800 00 

37,380 00 

83,300 00 



$951,385 75 $974,795 00 



"ST. PAUL FIRE AND MARINE INSURANCE COMPANY," 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $500,000. 

C. H. B1GELOW, President. A. W. PERRY, Secretary. 

Income. 

Net fire premiums, $2,554,566.27; marine, $423,814.53, . $2,978,380 80 

Interest on mortgage loans, $24,054.76; collaterals, $2,- 

141.49; stocks and bonds, $91,168.29; all other, $8,231.42, 125,595 96 



362 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 



Total income, 



Ledger assets, Dec. 31, 1902, 
Total, .... 



$41,139 10 

3,748 81 

$3,148,864 67 

3,324,200 85 

§6,473,065 52 



Disbursements. 

Net amount paid for fire losses, f 1,307,988.20 ; marine, $279,- 

493.61, $1,587,481 81 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 665,868 18 

Salaries, fees, etc., of officers and employees, .... 96,413 43 

Rents, including company's own occupancy, .... 5,520 00 

Repairs and expenses on real estate, 18,808 42 

Real estate taxes, $6,352 . 76 ; other taxes and fees, $64,008 . 97, 70,361 73 

Loss on sale or maturity of ledger assets, .... 139,517 71 

All other disbursements, 138,315 31 



Total disbursements, . 
Balance, 



. $2,772,286 59 



1,700,778 93 



Ledger Assets. 

Real estate, $387,306.44; mortgages,* $531,622.15, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents 1 balances, 

Bills receivable, not matured, . 

Due from reinsuring companies, 



Total ledger assets, 



$918,928 59 

22,730 94 

2,207,795 25 

255,131 66 

267,037 58 

17,136 95 

12,017 96 

$3,700,778 93 



Assets not admitted. 



Agent's balances over three months due, 
Special deposits less $52,817.97 liab. thereon,. 
Total unadmitted assets, .... 



$1,756 22 
50,182 03 



Total admitted assets, 



Liabilities. 



Unpaid losses, including $22,046.73 resisted, $259,573.36; 

less reinsurance, $12,050.37, 

Unearned premiums on outstanding risks, $1,936,436.47 ; plus 

same on disallowed reinsurance, $25,340.68, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $1,439,540 54 

Paid-up capital, . , . 

Surplus over capital and general liabilities, .... 

Total liabilities, 



51,938 25 
$3,648,840 68 

$247,522 99 
1,961,777 15 

$2,209,300 14 

500,000 00 
939,540 54 

$3,648,840 68 



* Value of laud, $311,410; buildings, $769,090; insurance thereon, $584,615. 






ST. PAUL FIRE AND MARINE INSURANCE CO. 



363 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



$226,894,036 00 
. 163,320,802 00 

$390,214,838 00 
. 132,530,297 00 

$257,684,541 00 
. 14,584,476 00 



Premiums. 

$3,160,755 07 
3,106,251 97 

$6,267,007 04 
2,566,417 65 

$3,700,589 39 
232,446 88 



$243,100,065 00 $3,468,142 51 



. $5,071,007 00 
. 105,028,000 00 

$110,099,007 00 
.105,111,310 00 

. $4,987,697 00 
638,564 00 



$197,637 41 
707,908 05 



,545 46 
728,521 11 

$177,024 35 
21,772 95 



. $4,349,133 00 $155,251 40 



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, 



$36,123,674 00 

21,915,628 00 

1,317,796 00 

290,495 00 

1,646,694 00 

50,000 00 

102,100 00 










Schedule A, 










Securities held as Collateral. 










Market Value. 


Loaned Thereon. 


50 J 


shares 


5 First Nat'l B'k, Little Falls, Minn. 


$6,500 00 


$3,000 00 


39 




Cons. Elevator Co., Duluth, Minn. 


3,900 00 


1,650 00 


15 




Nat'l Ger. Amer. Bank, St. Paul, 


2,025 00 


750 00 


215 




Far., Ozmun, Kirk & Co., St. P., M. 


43,000 00 


10,000 00 


40 




C. W. Hackett Hard. Co., St. P., M. 


6,000 00 


2,500 00 


124 




St. Paul Pioneer Press, . 


6,200 00 


4,830 94 




$67,625 00 


$22,730 94 






Schedule B. 










Stocks and Bonds owned by tt 


he Company. 

Book Value. 


Market Value. 


320 shares 


, First N'l B'k of St. Paul, Minn., 


$84,800 00 


$84,800 00 


50 


ii 


Second N'l B'k of St. Paul, Minn., . 


11,250 00 


11,250 00 


750 


ii 


Merch. N'l B'k of St. Paul, Minn., . 


105,000 00 


105,000 00 


300 


u 


St. Paul N'l B'k of St. Paul, Minn. 


31,500 00 


31,500 00 


200 


II 


First N'l B'k of Minn., Minn., 


35,000 00 


36,000 00 


40 


11 


Northw. Nat'l B'k of Minn., Minn., 


7,600 00 


7,800 00 



364 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



00 
00 
00 
00 
00 
00 
00 
00 
00 



Book Value 

50 shares First N'l B'k of Stillwater, Minn., . §9,500 00 

45 " First N'l B'k of Alexandria, Minn., 6,975 00 

60 " Amer. Ex. Bank of Duluth, Minn., . 9,000 00 

50 " First N'l B'k of Duluth, Minn., . 11,250 00 

25 " First N'l B'k of St. Peter, Minn., . 3,125 

50 " National Bank of Helena, Mont., . 6,500 

800 " Northern Securities Co., . . . 72,000 

100 " Nor. Am Teleg. Co., Minn., Minn., 7,500 

135 " West Pub. Co., St. Paul, Minn., . 16,330 

50 " Northwestern Trust Co , . . 5,250 

Northern Pacific R'y bonds, .... 172,000 00 

N. Pac. & Gt. Nor. R'y, joint C. B. & Q. bonds, 91,000 00 

Chic, St. Paul, Minn. & Om. R'y Co. bonds, . 65,500 00 

Union Pacific R'y bonds 51,000 00 

Louisville & Nashville R.R. Co. bonds, . . 25,000 00 

Baltimore & Ohio R.R. Co. bonds, . . . 44,375 00 

Iowa Central R R. bonds, 55,400 00 

Toledo, St. Louis & Western R.R. bonds, . 41,750 00 

Missouri Pacific R'y bonds, .... 52,250 00 

Missouri, Kansas & Texas R.R. bonds, . . 21,250 00 

Missouri, Kansas & Eastern R.R. bonds, . . 30,380 00 

Wabash R R. Co bonds, 48,875 00 

Chesapeake & Ohio R'y bonds, . . . 51,250 00 

Missouri, Kansas & Oklahoma R'y bonds, . 50,000 00 

Atchison, Topeka& Santa Fe R'y bonds, . . 47,500 00 

St. Louis, Iron Mt. & Southern R.R. bonds, . 46,000 

Pere Marquette R'y Co bonds, .... 49,500 

State of Georgia bonds, 10,000 

County of Missoula, Mont., bonds, . . . 11,900 

County of Marshall, S. D., bonds, . . . 9,720 

County of Stanley, S. D., bonds, . . . 10,500 00 

County of Morton, N. D., bonds, ' . . . 12,000 00 

County of Roberts, S. D., bonds, . . . 13,200 00 

County of Grant, New Mexico, bonds, . . 10,350 00 

County of Bernalilo, New Mexico, bonds, . 13,949 00 

County of Beltrami, Minn., bonds, . . . 17,200 00 

City of Richmond, Va., bonds, .... 25,000 00 

City of Webster, S. D., bonds, .... 10,400 00 

City of Portland, Ore., bonds, .... 57,230 00 

City of Guthrie, Okla., bonds, .... 23,600 00 

City of Jordan, Minn., bonds, .... 21,000 00 

City of Baker, Ore., bonds, .... 10,800 00 

City of Aberdeen, S. D., bonds, . . . 4,320 00 

City of Grand Forks, N. D., bonds, . . . 4,360 00 

City of Redwood Falls, Minn., bonds, . . 6,600 00 

City of Canton, S. D., bonds, .... 17,055 00 

City of Sioux Falls, S. D., bonds, . . . 54,837 50 

City of Faribault, Minn., bonds, . . . 36,000 00 

Citv of Brookings, S. D., bonds, . . . 15,750 00 

City of Aberdeen, S. D., bonds, . . . 11,000 00 

City of Dalles City, Ore., bonds, . . . 5,268 75 

Town of Fisher, Minn., bonds, .... 6,100 00 

Town of Elmore, Minn., bonds, . . . 2,000 00 

Town of Jo Davies, Minn., bonds, . . . 5,775 00 

Town of Kiester, Faribault Co., Minn., bonds, 10,500 00 

Town of Seeley, Faribault Co., Minn., bonds, . 11,000 00 

Township of Staples, Minn., bonds, . . 4,200 00 

Village of Winnebago City, Minn., bonds, . 2,500 00 

Village of Fulda, Minn., bonds, . . . 5,000 00 

Village of Glencoe, Minn., bonds, . . . 9,200 00 



00 
00 
00 
00 
00 



Market Value. 

$9,750 00 

7,200 00 

9,300 00 

11,250 00 

3,250 00 

6,750 00 

72,000 00 

7,500 00 

17,580 00 

5,250 00 

172,500 00 

91,500 00 

65,500 00 

51,000 00 

24,750 00 

44,000 00 

55,500 00 

42,250 00 

52,500 00 

21,500 00 

30,520 00 

49,000 00 

51,000 00 

50,000 00 

47,500 00 

46,000 00 

49,500 00 

10,000 00 

11,200 00 

9,450 00 

10,600 00 

12,000 00 

13,200 00 

10,500 00 

13,910 00 

17,200 00 

25,000 00 

10,500 00 

57,500 00 

24,000 00 

21,420 00 

11,000 00 

4,320 00 

4,400 00 

6,480 00 

17,280 00 

55,907 50 

36,000 00 

16,050 00 

11,000 00 

5,250 00 

6,100 00 

2,000 00 

5,775 00 

10,500 00 

11,000 00 

4,080 00 

2,500 00 

5,000 00 

9,200 00 



TEUTONIA INSURANCE CO. OF NEW ORLEANS. 



365 



Village of Gaylord, Minn., bonds, . 
Village of Morgan, Minn., bonds, . 
Village of Hector, Minn., bonds, 
Village of Renville, Minn., bonds, . 
Village of Lanesboro, Minn., bonds, 
Village of Fulda, Minn., bonds, 
Village of Wells, Minn., aggregating war'nts, 
School Dist. No. 81, Spokane Co , Wash., b'ds, 
Indep. Sch. Dist. Vil. of Aitkin, Minn , bonds, 
Board of Edu , City of Crookston, Minn , b'ds, 
Indep Sch. Dist. No. 8, Sibley, la , bonds, 
Indep. Sch. Dist. No. 1, Detroit, Minn., bonds, 
North Chicago Street ETy bonds, 
Minneapolis Gas Light Co. bonds, . 
Minneapolis General Electric Co. bonds, . 
St. Paul Gas Light Co. bonds, . 
St. Joseph, Mo., Lt., Ht. & Pow. Co. bonds, 
Helena, Mont., Light & Traction Co. bonds, 



Book Value. 

$3,500 00 

6,760 00 

6,300 
10,375 

5,175 

4,120 

7,300 
56,000 00 
18,000 00 

1,000 

8,440 

5,500 
26,250 
44,000 00 
53,000 00 
83,050 00 
10,100 00 
25,000 00 



00 
00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$3,500 00 
6,760 00 
6,300 00 

10,500 00 
5,175 00 
4,120 00 
7,300 

55,500 

18,000 
1,000 
8,440 
5,600 

26,250 

44,400 

53,000 

83,400 

10,225 00 

26,250 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



!,207,795 25 $2,216,742 50 



"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," 

NEW ORLEANS, LA. 

[Incorporated April 12. 1871. Commenced business June 1, 1871.] 

Paid-up Capital, $250,000. 

ALBERT P. NOLL, President. FRANK LANGBEHN, Secretary. 

Income. 

$643,987 75 

20,947 74 

8,492 56 

$673,428 05 
725,534 51 



Net fire premiums, $623,415.03 ; marine, $20,572.72, . 
Interest on stocks and bonds, $20,495 ; all other, $452.74, 
Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



Total, . . . . . • $1,398,962 56 



Disbursements. 

Net amount paid for fire losses, $352,964.28; marine, 

$2,774.03 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Real estate taxes, $920 ; other taxes and fees, $7,367.98, 
All other disbursements, 



$355,738 31 

25,045 00 

138,537 65 

24,119 34 

8,287 98 

52,444 18 

$604,172 46 



Total disbursements, 

Balance, $794,790 10 

Ledger Assets. 






Real estate, .... 
Stocks and bonds (schedule A), 



$40,000 00 
626,525 00 



366 



TEUTONIA INSURANCE CO. OF NEW ORLEANS. 



Cash in banks and office, . 
Agents' balances, 

Total ledger assets, . 



$41,282 25 
86,982 85 

$794,790 10 



Assets not admitted. 
Depreciation in book value of stocks and bonds, 

Total admitted assets, .... 



4,690 00 
$790,100 10 



Liabilities. 

Unpaid losses, including $ 2,500 resisted, 

Unearned premiums on outstanding risks, $367,293.26; plus 
same on disallowed reinsurance, f 5,206. 68, .... 

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, . 



$349,849 66 



$52,620 50 

372,499 94 
13,130 00 

2,000 00 

$440,250 44 

250,000 00 
99,849 66 



Total liabilities, $790,100 10 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1903, 
Risks expired and terminated, . 



.$51,463,126 00 
. 56,333,636 00 

$107,796,762 00 
. 52,155,280 00 

. $55,641,482 00 
. 4,886,683 00 



Premiums. 

$715,868 85 
864,216 00 

1,580,084 85 
798,711 96 

$781,372 89 
69,630 48 



,754,799 00 $711,742 41 



. $4,675,364 00 
. 4,675,364 00 



$21,622 72 
21,622 72 



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, . 



,449,338 00 

4,775,056 00 

363,199 00 

2,774 00 

693,892 00 

12,500 00 

72,100 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



New Orleans city bonds, 
Louisiana State bonds, 



Book Value. 

$321,645 00 
162,100 00 



Market Value. 

$319,200 00 
159,000 00 



traders' INSURANCE CO. 



367 



United States bonds, . ■ . 

Louisiana Pontchartrain Levee Dist. bonds, 

100 shares Canal B'k & Tr't Co., New Orleans 



20 
15 
150 
30 
50 



Germania Nat'l B'k, New Orleans, 
Provident B'k & Tr. Co., N. Orleans 
Illinois Central R.R. Co., 
Hibernia B'k & Tr. Co., N. Orleans, 
Teutonia Bank & Trust Co., . 



Book Value. 

$54,500 00 

25,780 00 

15,800 00 

3,075 00 

1,950 00 

21,600 00 

18,575 00 

6,500 00 



Market Value. 

$54,500 00 

25,800 00 

18,000 00 

3,960 00 

2,025 00 

19,650 00 

13,200 00 

6,500 00 



$626,525 00 $621,835 00 



"TRADERS' INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated February, 1865. Commenced business May, 1872.] 

Paid-up Capital, $500,000. 

THIES J. LEFENS, President. S. A. ROTHERMEL, Secretary. 

Income. 

Net fire premiums $1,404,897 64 

Interest on mortgage loans, $5,632.09 ; collaterals, $220.62 ; 

stocks and bonds, $93,465.83; all other, $4,510.23, . . 103,828 77 

Rents, 2,138 51 

Profit on sale or maturity of ledger assets, .... 41,163 86 
From all other sources, 3,600 00 

Total income, $1,555,628 78 

Ledger assets, Dec. 31, 19.02, 2,505,368 07 

Total, . $4,060,996 85 

Disbursements. 

Net amount paid for fire losses, $681,717 35 

Interest and dividends to stockholders, 50,000 00 

Commissions or brokerage, 314,224 22 

Salaries, fees, etc., of officers and employees, .... 94,492 15 

Rents, 7,138 32 

Repairs and expenses on real estate, 904 51 

Real estate taxes, $586.07 ; other taxes and fees, $45,161.19, 45,747 26 

Profit and loss 75 83 

All other disbursements, 78,648 59 

Total disbursements, $1,272,948 23 

Balance, $2,788,048 62 



Ledger Assets. 

Real estate, $31,993.84; mortgages,* $213,300, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 

Office premiums in course of collection, . 

Total ledger assets, 



$245,293 84 

2,125,143 57 

231,768 32 

178,587 97 

7,254 92 

52,788,048 62 



* Value of land, $558,268; buildings, $194,158; insurance thereon, $87,395. 



368 



TRADERS INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $5,125.98; stocks and bonds, $6,128.26, . $11,254 24 
Rents accrued on company's property, 248 50 

Gross assets, $2,799,551 36 



Assets not admitted. 

Agents 1 balances over three months due, . $ 2,662 18 

Special deposits less $20,023.36 liab thereon, 72,270 64 

Depreciation in book value of stocks and bonds, 43,316 17 

Total unadmitted assets, . . . . 



Total admitted assets, 



118,248 99 
$2,681,302 37 



Liabilities. 

Unp«"H losses, including $9,500 resisted, $160,270.82; less 

reinsurance, $42,295.11, $117,975 71 

Unearned premiums on outstanding risks, $1,055,66 1.36 ; plus 

same on disallowed reinsurance, $11,486.76, . . . 1,067,148 12 

Commissions and other charges due agents and brokers, . 3,135 51 

All liabilities, except capital and surplus, . . . $1,188,259 34 
Surplus to policy holders, .... $1,493,043 03 

Paid-up capital 500,000 00 

Surplus over capital and general liabilities, .... 993,043 03 

Total liabilities, $2,681,302 37 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$158,930,289 00 
. 150,968,621 00 

$309,898,910 00 
. 134,777,636 00 

$175,121,274 00 
. 16,353,361 00 



Premiums. 

$2,021,879 56 
2,068,161 09 

$4,090,040 65 
1,841,060 10 

$2,248,980 55 
243,250 75 



$158,767,913 00 $2,005,729 80 



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, . 



$18,859,431 00 
11,279,331 00 
686,537 00 
1,572,500 00 
50,000 00 
157,300 00 



Schedule A. 
Stocks and Bonds oivned by the Company. 



United States bonds, .... 
Cass Ave. & Fair Grounds R'y bonds, 



Book Value. 

$65,887 50 
9,925 00 



Market Value. 

$65,900 00 

10,000 00 



UNION INSURANCE CO. OF PHILADELPHIA 



369 



Chicago & Eastern Illinois R.R. bonds, . 
Lake Erie & Western R.R. bonds, . 
Wabash R.R. bonds, .... 

Atchison, Topeka & Santa Fe R'y bonds, 
Union Pacific R.R. bonds, 

Erie R'y bonds, 

Metropolitan West Side Elev. R.R. bonds, 

Pennsylvania R.R. bonds, 

Chicago & Alton R'y bonds, 

United States of Mexico bonds, 

Chic, Rock Is. & Pacific R'y bonds, 

Central Pacific R'y bonds, 

Northern Pacific R'y bonds, 

Richmond, Va , city bonds, 

Chicago, Milwaukee & St. Paul R'y stock, 

Chicago & Northwestern R'y stock, . 

Denver & Rio Grande R.R. stock, . 

Chicago, St. Paul, Minn. & Omaha R'y stock, 

Chicago City R'y stock, .... 

Pennsylvania R.R. Co. stock, . 

Atchison, Topeka & Santa Fe R'y stock, . 

North Chicago Street R.R. stock, 

South Side Elevated R.R. stock, 

Corn Exchange National Bank stock, 

Continental National Bank stock, . 

Union National Bank stock, 

Western Adjustment & Inspection Co. stock, 

Town of Cicero warrant, .... 

Chicago & Alton R'y stock, 

Illinois Central R.R. stock, 



Book Value. 


Market Value. 


$10,100 00 


$11,300 00 


23,515 00 


23,400 00 


26,987 50 


28,250 00 


100,947 50 


99,437 50 


157,033 75 


145,000 00 


49,375 00 


49,000 00 


19,200 00 


19,000 00 


7,500 00 


7,125 00 


42,750 00 


40,500 00 


94,217 92 


94,090 00 


49,562 50 


49,562 50 


48,500 00 


48,500 00 


51,062 50 


51,062 50 


26,394 00 


26,394 00 


78,675 00 


99,700 00 


173,700 00 


160,919 00 


99,562 50 


96,480 00 


12,787 50 


18,000 00 


415,850 00 


388,245 00 


54,862 50 


45,200 00 


47,500 00 


44,500 00 


49,700 00 


25,560 00 


89,796 00 


95,000 00 


75,475 00 


107,250 00 


18,000 00 


35,700 00 


2,000 00 


400 00 


375 00 


375 00 


976 90 


976 90 


75,925 00 


67,000 00 


147,000 00 


128,000 00 


$2,125,143 57 \ 


£2,081,827 40 



"UNION INSURANCE COMPANY OF PHILADELPHIA," 
PHILADELPHIA, PA. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Paid-up Capital, $200,000. 

CHAS. S. HOLLINSHEAD, President, EDGAK R. DANNELS, Secretary. 



Income. 

Net fire premiums, $348,568 75 

Deposit premiums on perpetual risks, 830 86 

Interest on mortgage loans, $4.72; collaterals, $491.87; 

stocks and bonds, $13,628.83; all other, $3.70, . . . 14,129 12 

Rents, 2,108 43 



Total income, . 

Ledger assets, Dec. 31, 1902, less commissions due, 



. $365,637 16 
513,176 21 



Total, $878,813 37 

Disbursements. 



Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, . 



. $206,360 81 

801 23 

10,000 00 



370 



UNION INSURANCE CO. OF PHILADELPHIA. 



Commissions or brokerage, 

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

Repairs and expenses on real estate, 

Real estate taxes, $1,998; other taxes and fees, $10,339.32, 

Profit and loss, 

All other disbursements, .... 

Total disbursements, . . 

Balance, 



Ledger Assets 



Real estate, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, .... 

Agents 1 balances, 

Cash in hands of managers at San Francisco, 



$74,289 25 
38,237 60 

2,059 04 
12,337 32 

1,080 01 
27,612 80 

8372,778 06 

$506,035 31 



$159,076 32 

12,500 00 

278,176 38 

21,373 20 

32,241 92 

2,667 49 



Total ledger assets, 



Non-Ledger Assets. 



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



Gross assets, 



Liabilities. 



Unpaid losses, $35,842.73 ; less reinsurance, $1,168.70, . 
Unearned premiums on outstanding risks, $251,126.96 ; plus 
same on disallowed reinsurance, $219.93, . 

Reclaimable on perpetual fire policies, 

Stock fractions, 



$230,013 48 



All liabilities, except capital and surplus, 
Surplus to policy holders,* .... 

Paid-up capital,* 

Surplus over capital and general liabilities, . 

Total liabilities, $546,907 61 



$506,035 31 


923 

39,206 
742 


68 
12 
50 


$546,907 


61 


$34,674 


03 


251,346 89 

30,843 51 

29 70 


$316,894 


13 


200,000 00 
30,013 48 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



. $46,009,428 00 
. 35,545,296 00 

.$81,554,724 00 
. 36,896,288 00 

.$44,658,436 00 
. 2,109,412 00 

. $42,549,024 00 



Perpetual risks in force (not included above), $1,153,323 00 



Premiums. 

$523,680 84 
454,576 43 

$978,257 27 
'456,772 92 

$521,484 85 
25,796 51 

$495,687 84 

$34,270 57 



* On account of the Baltimore fire the company sustained losses sufficient to impair its 
capital $150,000. A call was made on the stockholders March 1st, who paid in $224,647.50, 
thus giving the company a substantial surplus. 



UNION INSURANCE CO. OF PHILADELPHIA. 



371 



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 (5 per cent.), . 
Company's stock owned by directors, .... 



$26,723,017 00 

18,507,160 00 

205,105 00 

1,969,221 00 

15,000 00 

10,000 00 

45,880 00 



Schedule A. 
Securities held as Collateral. 



136 shares Commonw'lth Title Ins. &Tr. Co., . 
50 " Thir. & Fifteenth Sts. Pass. R'y Co., 



Schedule B. 



Market Value. 

|10,880 00 
15,500 00 



Loaned Thereon. 

$6,500 00 
6,000 00 



$26,380 00 $12,500 00 



Stocks and Bonds owned by the Company. 



Susquehanna Coal Co. bonds, . 

Steubenville & Indiana R.R. Co bonds, . 

Chesapeake & Delaware Canal Co. bonds, 

Philadelphia & Reading R.R. Co. bonds, . 

Lehigh Yalley R.R. Co. bonds, 

North Penn. R.R. Co. bonds, 

Hestonville, Mantua & Fair. Pass. R.R. Co. b'ds 

People's Pass. R'y Co. bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Cincinnati, Dayton & Ironton R.R. Co. bonds, 

Atlantic City R.R. Co. bonds, . 

Union Traction Co. bonds trust certificates, 

Pennsylvania & N. Y. Canal & R.R. Co. bonds 

Bloomfield Street R'y Co. bonds, 

Lynn & Boston R.R. Co. bonds, 

Camden & Suburban R'y Co. bonds, 

Perkiomen R.R. Co. bonds, 

100 shares Little Schuylkill R.R. Co., 

North Pennsylvania R.R. Co., 
Philadelphia National Bank, . 
Philadelphia Traction Co., 
Thir. & Fifteenth Sts. Pass. R'y Co., 
Philadelphia & Reading R.R. Co., . 



136 
68 
100 
109 
120 



Book Value. 

$7,505 00 

15,150 00 

14,482 67 

48,342 79 

12,462 50 

2,325 00 

23,350 61 

11,962 50 

10,397 51 

5,607 64 

11,397 

8,225 

10,812 

10,400 

4,992 

10,150 

13,650 

3,427 76 

6,233 77 

8,346 75 

7,562 50 

24,648 75 

6,743 56 



50 
00 
50 
00 
07 
00 
00 



00 
00 
00 
00 
00 
00 
00 



Market Value. 

$11,800 00 
16,800 

7,200 
51,250 
13,900 

2,100 
23,200 
12,100 
10,250 00 

5,600 00 
12,320 00 

9,950 00 
11,000 00 
11,200 00 

5,800 00 
10,800 00 
13,650 00 

6,150 00 
14,280 00 
21,420 

9,800 
33,790 

3,022 



00 
00 
00 
50 



$278,176 38 $317,382 50 



372 UNION MUTUAL FIRE INSURANCE CO. 



"UNION MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated May, 1863. Commenced business September, 1863.] 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 

Income. 

Net premiums, $32,867 90 

Interest on stocks and bonds, $13,309.83 ; all other, $253.07, . 13,562 90 
Premiums paid in advance, .... . 695 40 



Total income, $47,126 20 

Ledger assets, Dec. 31, 1902, 251,301 51 



JLotai, . * i • . • • • 

Disbursements. 

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

Rents, 

Taxes and fees, . 

1903 premiums paid in 1902, .... 
All other disbursements, 



$298,427 


71 


$8,649 


76 


21,567 


07 


1,527 


96 


4,316 


67 


500 00 


788 


31 


996 


28 


450 


33 



Total disbursements, $38,796 38 



Balance, $259,631 33 

Ledger Assets. 

Stocks and bonds (schedule A), $249,304 93 

Cash in banks and office, 9,553 35 

Agents' balances, 773 05 

Total ledger assets, $259,631 33 

Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $2,005 ; other assets, $8.62, . 
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 

Taxes, 

Premiums paid in advance, 

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



2,013 


62 


64,218 07 


$325,863 02 


$287 


20 


103,219 


38 


695 


38 


81 


65 


614 


61 


695 


40 



$105,593 62 
220,269 40 



Total liabilities, $325,863 02 



UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 373 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1902, $18,209,665 00 $202,982 53 
Risks written during 1903, . 3,301,110 00 34,058 69 



Conting't Prem's. 

$202,982 53 
34,058 69 



Total $21,510,775 00 $237,04122 $237,04122 

Risks expired and terminated, . 2,941,725 00 31,503 49 31,503 49 



In force at end of year, 



.$18,569,050 00 $205,537 73 $205,537 73 



Miscellaneous. 



Losses incurred during the year, 

Profits or surplus returned during 1903, 25, 40, 65 and 80 per 
cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, 

Cleveland Electric R'y Co. bonds, . 

United Traction & Electric Co. bonds, 

70 shares American National Bank, 
200 ' 
100 ' 
100 ' 
120 . ' 

50 ' 
230 ' 
300 ' 
100 
200 
200 
504 
100 
200 



5,928 00 



Merchants' National Bank, . . 
Old National Bank, . 
Weybosset National Bank, 
National Bank of Commerce, . 
National Bank of North America, 
Chicago & Northwestern R.R. Co 
Illinois Central R.R. Co., 
Hereford R'y Co., . 
N. Y. Cent. & Hudson R. R.R. Co. 
N. Y., Lack. & Western R.R. Co., 
Pennsylvania R.R. Co., . 
Rensselaer & Saratoga R.R. Co., 
Pitts., Bess. & L. E. R.R. Co., . 



Book Value. 


Market Value. 


$40,000 00 


$48,200 00 


10,000 00 


10,200 00 


10,000 00 


10,900 00 


3,500 00 


3,750 00 


10,000 00 


15,400 00 


10,000 00 


10,000 00 


5,000 00 


6,000 00 


6,000 00 


6,600 00 


5,000 00 


6,500 00 


23,000 00 


38,985 00 


30,537 00 


39,300 00 


10,000 00 


10,000 00 


20,459 77 


23,800 00 


20,000 00 


26,600 00 


28,395 66 


29,988 00 


10,000 00 


20,500 00 


7,412 50 


6,800 00 



$249,304 93 $313,523 00 



"UNITED FIREMEN'S INSURANCE COMPANY OF PHILA- 
DELPHIA," PHILADELPHIA, PA. 

[Incorporated April 2, 1860. Commenced business April 1, 1861.] 

Paid-up Capital, $300,000. 

ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary. 

Income. 

Net fire premiums, $411,905 01 

Deposit premiums on perpetual risks, 42,733 64 

Interest on mortgage loans, $19,129 . 57 ; collaterals, $7,854 . 81 ; 

stocks and bonds, $38,309.77; all other, $453.33, . . 65,747 48 

Rents, 10,027 17 

Profit on sale or maturity of ledger assets, .... 338 44 

From all other sources, 147 15 

Total income, $530,898 89 

Ledger assets, Dec. 31, 1902, less commissions due, . . 1,671,029 21 

Total, ... $2,201,928 10 



374 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



Disbursements. 

Net amount paid for fire losses, $230,836 89 

Deposit premiums returned, 26,598 68 

Interest and dividends to stockholders, 30,000 00 

Commissions or brokerage, 104,143 86 

Salaries, fees, etc., of officers and employees, .... 30,974 05 

Repairs and expenses on real estate, 5,823 60 

Real estate taxes, $3,545. 33; other taxes and fees, $11,122.21, 14,667 54 

All other disbursements, 26,235 31 



Total disbursements, $469,279 93 



Balance, $1,732,648 17 

Ledger Assets. 



Real estate, $205,998.74; mortgages,* $354,861, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, 

Perpetual deposits, 



$560,859 74 

184,800 00 

878,755 13 

57,831 61 

46,462 55 

3,939 14 



Total ledger assets $1,732,648 17 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $7,467.96; collateral loans, $2,348.65 ; other 

assets, $97.95, 9,914 56 

Rents accrued on company's property, 425 00 

Market value of stocks and bonds over book value, . . 19,922 87 



Gross assets, $1,762,910 60 

Assets not admitted. 

Agents' balances over three months due, . . $188 02 

Depreciation in book value of real estate, . 3,964 74 

Total unadmitted assets, . . . . 4,152 76 



Total admitted assets, $1,758,757 84 

Liabilities. 

Unpaid losses, including $2,300 resisted, $28,785.62 ; less re- 
insurance, $268.79, $28,516 83 

Unearned premiums on outstanding risks, $342,720.93 ; plus 

same on disallowed reinsurance, $1,852.07, . . . . 344,573 00 

Reclaimable on perpetual fire policies, 878,105 97 

Salaries and other miscellaneous expenses, due or accrued, . 8,562 31 

All liabilities, except capital and surplus, . . . $1,259,758 11 
Surplus to policy holders, .... $498,999 73 

Paid-up capital, « . 300,000 00 

Surplus over capital and general liabilities, .... 198,999 73 

Total liabilities, $1,758,757 84 

* Value of land, $259,100; buildings, $437,300; insurance thereon, $303,238. 



UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 375 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 
Perpetual risks in force (not inc'd above), 



. $63,738,014 00 
. 43,089,787 00 

$106,827,801 00 
. 40,690,356 00 

. $66,137,445 00 
. 4,359,596 00 

. $61,777,849 00 
.$43,041,671 00 



Premiums. 

$693,164 03 

516,957 71 

1,210,121 74 

486,033 11 

$724,088 63 

59,498 03 

$664,590 60 

$972,588 72 



Miscellaneous. 

Premiums received from organization of company, . . $6,361,721 00 

Losses paid from organization of company, .... 3,810,565 00 

Fire losses incurred during the year, 222,493 00 

Cash dividends declared from organization of company, . 623,506 00 

Dividends declared during the year (10 per cent.), . . 30,000 00 

Company's stock owned by directors, 85,900 00 



Schedule A. 
Securities held as Collateral. 



500 shares Metropolitan St. R'y Co., N. Y., . 
130 " Westinghouse Air Brake Co., Pitts., 
6 " Frank. & South. Pass. R'y Co., Phila., 
100 " United States Steel Co., . 

100 " Rochester R'y Co 

100 " M'e H. & Schuylkill-Haven R.R. Co. 
40 " Heading Co., .... 
Norfolk & Western R.R. Co. bonds, 
7 shares Catawissa R.R. Co of Penn., 
13th & 15th St. Pass. R'y Co. bonds, 
100 shares Baltimore & Ohio R.R. Co., . 
500 " Cambria Steel Co., . 
100 " Reading Co., .... 
300 " Lehigh Valley R.R. Co., . 
215 " United Gas Improvement Co., 
Duquesne Traction Co. bonds, . 
Traction Co. of N. J. bonds, 
100 shares Penn. G. C'l Co. of West. Co., Pa., 
St. Louis & So. Western R'y Co. bonds, . 
Philadelphia Elec. Co. gold trust certificates, 
100 shares Rochester R'y Co., . 
100 " Investment Co. of Philadelphia, 
500 " United Gas Improvement Co., Pa., 
100 « Equitable Illu. G. L't Co. of Phila. 
Indianapolis St. R'y Co. bonds, 
10 shares American Fire Ins. Co., Phila., Pa., 



1 



Loaned Thereon. 

$52,000 00 
2,000 00 



Market Value. 

$63,000 00 
16,250 00 

2,520 00 

1,200 00 

7,300 00 

6,300 00 | 
920 00 )> 25,000 00 

1,940 00 

784 00 

12,000 00 

8,000 00 

9,500 00 

3,100 00 
11,100 00 } 40,000 00 
18,705 00 

1,130 00 

2,120 

6,100 

4,320 

3,150 

7,300 

6,500 
43,500 
11,000 00 

3,950 00 

1,280 00 



00 
00 
00 
00 
00 
00 
00 



J 

[ 15,000 00 
J 



J 



50,000 00 



800 00 



$252,969 00 $184,800 00 



376 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



Schedule B. 
Stocks and Bonds owned by the Company. 



Allegheny Valley R.R. Co. bonds, . 
Atlantic City R.R. Co. bonds, . 
Baltimore & Potomac R.R. Co. bonds, 
Car Tr. of N. Y. bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
City of Woonsocket, Dakota, bonds, 
Choctaw, Oklahoma & Gulf R R. Co. bonds, 
Consolidated Traction Co. of N. J. bonds, 
Consolidated Gas Co. of Pittsburg bonds, 
Delaware County R'y gold trust certificates, 
Erie R.R. Co bonds, .... 
Evansville & Terre Haute R.R. bonds, 
Electric & People's Traction Co. stock tr. cer. 
Illinois Central R.R. Co. bonds, 
Lake Erie & Western R.R. Co. bonds, 
Lehigh Valley R'y Co., N. Y., bonds, 
Lehigh Valley R.R. Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Mortgage Tr. Co. of Penn. debenture bonds, 
Newark (N. J.) Passenger R'y Co. bonds, 
Norfolk & Western R'y equip, trust certs., 
Northern Central R'y bonds, 
Oley Valley R'y bonds, .... 
Penn. Co. guaranteed trust certificates, . 
Penn. Co. 3£% gold loan of 1901, . 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
Philadelphia & Baltimore Cent. R.R. loan cer. 
Philadelphia & Erie R.R. Co. bonds, 
Philadelphia Co. bonds, .... 
Pitts., Cin , Chic. & St. Louis R'y bonds, . 
People's Pass. R'y Co. stock trust certificates, 
Philadelphia Traction Co. bonds, 
Reading Co. car trust bonds, . 
Reading Co. R.R. equipment trust bonds, 
Real Estate Title Ins & Tr.Co. debenture b'ds 
Second Ave. Traction Co. (Pittsburg) bonds, 
St. Louis & San Fran. R.R. equipment bonds, 
United R'ys gold trust certificates, . 
Western N. Y. & Penn. R.R. Co. bonds, . 
Wilmington City (Del.) R'y Co. bonds, . 
200 shares United Gas Improvement Co., 
100 " Pennsylvania R R. Co., . 
200 " Continental Pass. R'y (Phila.), 

30 " Frankford & Southwark Pass. R'y 
200 " Union Passenger R'y, 

34 " Mil. Underwrit's Build. Asso., No. 1 
Underwriters' Salvage Co. of N. Y., 



00 
00 
00 
00 



Book Value. 

$25,845 00 
20,500 00 

6,075 00 

1,100 00 
36,764 50 

6,000 00 
26,837 50 
27,562 50 
28,125 
12,550 
25,000 
10,300 
22,885 38 

9,400 00 
11,675 00 
20,200 00 
35,900 00 
36,900 00 
10,000 00 
21,775 00 
14,746 50 
10,000 00 
10,250 00 
15,150 00 
22,318 75 
19,300 00 
22,400 00 
10,275 00 
25,437 50 
32,550 00 
38,590 00 
13,327 50 
10,040 00 
15,093 75 
14,140 00 
20,000 00 
15,000 00 
18,988 00 
24,875 00 
14,400 00 
25,252 50 
18,851 25 

6,068 75 

20,000 00 

10,500 00 

35,205 75 

100 00 

500 00 



00 
00 
00 
00 



00 
00 
00 
00 



Market Value. 

$23,400 00 
22,200 00 

5,750 00 

2,000 00 
36,400 00 

6,000 00 
27,000 00 
26,500 00 
27,250 00 
11,7C0 00 
25,000 00 
10,200 00 
24,948 

9,400 
11,800 
21,400 
35,800 00 
36,680 00 

8,500 
22,800 
14,700 
10,000 
10,000 00 
13,950 00 
21,850 00 
19,600 00 
21,000 00 
10,100 00 
24,650 00 
30,600 00 
37,060 00 
15,450 00 
10,400 00 
15,000 00 
14,000 00 
20,000 00 
17,400 00 
19,450 
24,000 
14,040 
25,250 
17,400 

5,900 

32,000 

12,600 00 

47,000 00 

50 00 

500 00 



00 
00 
00 
00 
00 
00 
00 



|878;755 13 $898,678 00 



UNITED STATES FIRE INSURANCE CO. 



377 



"UNITED STATES FIRE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 9, 1824.] 

Paid-up Capital, $250,000. 

W. W. UNDERBILL, President. SAMUEL M. CRAFT, Vice-Pres. and Secretary. 

Income. 

Net fire premiums, $512,775 53 

Interest on mortgage loans, $11,662.32; stocks and bonds, 

$7,791.67; all other, $865.46, 20,319 45 

Rents 3,765 00 



Total income, $536,859 98 

Ledger assets, Dec. 31, 1902, less commissions due, . . 687,088 52 



Total, $1,223,948 50 



Disbursements. 

Net amount paid for fire losses, $219,452.80, marine, 

026.15, " '. $229,478 95 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 135,007 92 

Salaries, fees, etc, of officers and employees, . . . • . 32,931 99 

Rents, 7,500 00 

Repairs and expenses on real estate, 1,481 98 

Real estate taxes, $644.18; other taxes and fees, $8,280.81, . 8,924 99 

All other disbursements, 34,175 92 

Total disbursements, $459,501 75 



Balance, $764,446 75 



Ledger Assets. 

Real estate, $45,327.21 ; mortgages,* $310,200, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, 

Counter premiums, 



Total ledger assets, 



$355,527 21 

307,203 00 

20,919 50 

62,994 51 

17,802 53 

$764,446 75 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,421.04; stocks and bonds, $2,285.40, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 

Gross assets, f 



3,706 44 

4,672 79 

2,922 00 

754 72 



$776,502 70 



* Value of land, $370,800; buildings, $262,700; insurance thereon, $213,200. 
t Including $125,000 special reserve held under New York laws. 



378 



UNITED STATES FIRE INSURANCE CO. 



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

Total admitted assets, 

Liabilities. 

Unpaid losses, including 06,451.54 resisted, $56,149.91 ; less 
reinsurance, $8,861.10, 

Unearned premiums on outstanding risks, $360,879.06 ; plus 
same on disallowed reinsurance, $2,573.36, . 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 

Due for return premiums, $1,020. 17 ; reinsurance, $882. 27, . 



$1,053 35 
$775,449 35 



$47,288 81 

363,452 42 

1,333 33 

3,474 71 

1,902 44 

$417,451 71 

250,000 00 

107,997 64 

Total liabilities, 1775,449 35 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$357,997 64 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 



Total, 

Risks expired and terminated, . 



. $67,648,279 00 
. 58,279,644 00 

$125,927,923 00 
. 50,474,010 00 

. $75,453,913 00 
. 15,956,720 00 



Premiums. 

$710,402 35 
728,519 31 

1,438,921 66 
588,925 91 

$849,995 75 
187,789 10 



. $59,497,193 00 $662,206 65 



$669,270 00 
63,457 00 

$732,727 00 
732,727 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, 

Dividends declared during the year (4 per cent.), . 

Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



New York city bonds, 
United States bonds, .... 
Rensselaer & Saratoga R.R. stock, . 
N. Y. Cent. & Hudson River R.R. stock, 



Book Value. 

$227,892 50 
10,987 50 
44,823 00 
23,500 00 



$19,914 36 
586 85 

$20,501 21 
20,501 21 



^8,597,345 00 

4,618,218 00 

225,442 00 

3,410 00 

1,966,590 00 

10,000 00 

62,575 00 



Market Value. 

$221,500 00 
13,325 00 
51,500 00 
23,800 00 



$307,203 00 $310,125 00 



UNITED STATES LLOYDS. 379 



"UNITED STATES LLOYDS," NEW YORK, N. Y. 

[Commenced business December, 1872.] 
HIGGINS & COX, Attorneys. 

Income. 

Net marine premiums, $557,358 84 

Interest on securities, . . 30,808 25 

From all other sources, 50,924 70 

Total income, $639,091 79 

Ledger assets, Dec. 31, 1902, 949,515 19 

Total, $1,588,606 98 

Disbursements. 

Net amount paid for marine losses, $449,805 94 

Interest and dividends to subscribers, . . . . 50,000 00 

Commissions or brokerage, 75,257 71 

Salaries, fees, etc., of officers and employees, .... 68,016 08 

Rents 7,650 00 

Taxes and fees, 14,412 64 

Depreciation of ledger assets, 11,009 21 

Total disbursements, $676,151 58 

Balance, $912,455 40 

Ledger Assets. 

Bonds and scrip (schedule A), $575,485 00 

Cash in banks and office 172,288 57 

Agents' balances, 162,528 44 

Bills receivable, not matured, 2,153 39 

Total ledger assets, $912,455 40 

Non-Ledger Assets. 

Interest due and accrued on securities, 8,804 50 

Salvages and reinsurances, 77,374 04 

Reinsurance returns, 22,897 81 



Gross assets, $1,021,531 75 

Liabilities. 

Unpaid losses, $140,315 00 

Unearned premiums on outstanding risks, .... 155,364 82 

Salaries and other miscellaneous expenses, due or accrued, . 10,775 00 

Commissions and other charges due agents and brokers, . 5,265 45 

Due for return premiums, $10,000 ; reinsurance, $42,204.61, . 52,204 61 

Miscellaneous, 10,444 97 

All liabilities, except subscribers 1 deposits and surplus, . $374,369 85 

Surplus to policy holders $647,161 90 

Subscribers' deposits paid up, 100,000 00 

Surplus over subscribers' deposits and general liabilities, . 547,161 90 

Total liabilities, $1,021,531 75 



380 



VICTORIA FIRE INSURANCE CO. OF NEW YORK. 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 



Risks and Premiums. 

Premiums. 

.$13,233,261 00 $136,998 30 
.327,158,697 00 1,297,935 15 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$340,391,958 00 $1,434,933 45 
. 322,692,249 00 1,279,568 63 



.$17,699,709 00 $155,364 82 
. 9,065,416 00 68,281 62 



5,634,293 00 $87,083 20 



Miscellaneous. 
Marine and inland losses incurred during the year, 



$498,556 00 



Schedule A. 
Bonds and Scrip owned by the Company. 



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

Long Island R.R. Co. bonds, 

Union Pacific R'y Co. bonds, 

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

Northern Pacific R'y Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Scioto Valley & New England R.R. Co. bonds 

Northern Pacific-Gt. Northern joint bonds, 

Massachusetts State bonds, 

Havana, Cuba, city bonds, 

Consolidated stock, city of N. Y., 

Northern Pacific R.R. bonds, . 

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

City of Boston Rapid Transit bonds, 

Atlantic Mutual Ins. Co. scrip, 



Book Value. 

$50,750 00 
49,000 00 
50,500 00 
49,000 
25,438 
50,000 
14,850 
45,812 
52,125 
26,000 00 
23,625 00 
9,600 00 
48,625 00 
51,000 00 
29,160 00 



00 
00 
00 
00 
00 
00 



Market Value. 

$50,750 00 
49,500 00 
50,750 
49,250 
25,562 
50,000 
14,850 
45,812 50 
52,500 00 
26,250 
23,750 
9,700 
49,125 
51,062 
29,160 



00 
00 
50 
00 
00 



00 
00 
00 
00 
50 
00 



$575,485 00 $578,022 50 



"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK, 1 ' 

NEW YORK, N. Y. 

[Incorporated June 24, 1896. Commenced business July 1, 1896.] 

Paid-up Capital, $200,000. 

HENRY H. HALL, President. EDW. K. BEDDALL, Secretary. 

Income. 

Net fire premiums, $150,345 34 

Interest on stocks and bonds, $8,896 . 27 ; all other, $200 .06, . 9,096 33 

Total income, $159,441 67 

Ledger assets, Dec. 31, 1902, 311,705 23 

Total, $471,146 90 



VICTORIA FIRE INSURANCE CO. OF NEW YORK. 381 



Disbursements. 

Net amount paid for lire losses, $69,151 42 

Commissions or brokerage, 39,957 78 

Salaries, fees, etc., of officers and employees, .... 4,883 52 

Rents 499 92 

Taxes and fees, > 3,156 98 

All other disbursements, 3,679 68 



Total disbursements, $121,329 30 



Balance, $349,817 60 

Ledger Assets. 

Stocks and bonds (schedule A), $339,638 52 

Cash in banks, 4,653 84 

Agents' balances, 5,525 24 



Total ledger assets, $349,817 60 

Non-Ledger Assets. 
Interest accrued : — 
On stocks and bonds, $2,960.75 ; other assets, $148.12, . . 3,108 87 



Gross assets, $352,926 47 

Assets not admitted. 
Depreciation in book value of stocks and bonds, . . . 7,290 52 



Total admitted assets, . . . . . . . $345,635 95 

Liabilities. 

Unpaid losses, $13,976 01 

Unearned premiums on outstanding risks, .... 80,974 56 

All liabilities, except capital and surplus, .... $94,950 57 
Surplus to policy holders, .... $250,685 38 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 50,685 38 



Total liabilities, $345,635 95 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Premiums. 

$13,006,731 00 $143,995 51 
18,358,651 00 191,025 04 



$31,365,382 00 $335,020 55 
16,601,608 00 177,486 14 



$14,763,774 00 $157,534 41 
158,492 00 2,336 62 



Net amount in force, $14,605,282 00 $155,197 79 



382 



WESTCHESTER FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Company's stock owned by directors, 



$734,610 

426,201 

76,109 

15,000 

32,500 



00 
00 
00 
00 
00 



Schedule A. 
Stocks and Bonds owned by the Company. 



New York City bonds, .... 
City of Chicago river improvement bonds, 
Maine Central R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Beech Creek R.R. stock, . 
New York & Harlem R.R. stock, 
Illinois Central R.R. leased lines, 
Underwriters' Salvage Corporation stock, 
Pennsylvania R.R. stock, . 
Baltimore & Ohio R.R. stock, . 
Chicago, Mil. & St. Paul R.R. stock, 



Book Value. 

,946 50 

21,100 00 

15,270 00 

28,234 52 

10,920 00 

20,562 50 

10,750 00 

1,000 00 

12,300 00 

5,230 00 

4,325 00 



Market Value. 

$203,000 00 

21,400 00 

15,300 

28,200 

11,648 

19,750 

10,325 
1,000 

11,900 00 
5,400 00 
4,425 00 



00 
00 
00 
00 
00 
00 



$339,638 52 $332,348 00 



"WESTCHESTER FIRE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.] 

Patd-up Capital, $300,000. 
GEO. R. CRAWFORD, President. MORELL O. BROWN, Secretary. 

Income. 

Net fire premiums, $2,012,041 16 

Interest on mortgage loans, $22,399.78; stocks and bonds, 

$89,878.69; all other, $306.90, 112,585 37 

Rents, 1,905 31 

Profit on sale or maturity of ledger assets, .... 2,741 37 

From all other sources, 10,340 16 



Total income $2,139,613 37 

Ledger assets, Dec. 31, 1902, 3,040,857 03 

Total, $5,180,470 40 



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, $8,645 . 50 ; other taxes and fees, $44,1 21.99, 

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



$959,605 75 

48,000 00 

478,491 69 

126,547 64 

3,356 54 

850 50 

52,767 49 

6,392 21 



WESTCHESTER FIRE INSURANCE CO. 383 

Premiums of previous years charged to suspense account, . $3,222 36 
All other disbursements, 167,754 42 



Total disbursements, $1,846,988 60 



Balance, $3,333,481 80 

Ledger Assets. 

Real estate, $250,075.07; mortgages,* $363,650, . . . $613,725 07 

Stocks and bonds (schedule A), 2,286,057 14 

Cash in banks and office, 102,560 25 

Agents' balances, 331,139 34 

Total ledger assets, $3,333,481 80 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $4,859.52 ; stocks and bonds, $10,235, . . 15,094 52 

Market value of real estate over book value, .... 2,924 93 

Market value of stocks and bonds over book value, . . 126,042 86 



Gross assets,f $3,477,544 11 

Assets not admitted. 

Agents' balances over three months due, . . $30,540 10 
Special deposits less $38,086.78 liab. thereon, 50,413 22 

Total unadmitted assets, .... 80,953 32 



Total admitted assets $3,396,590 79 

Liabilities. 

Unpaid losses, including $15,900 resisted, $192,771.46; less 
reinsurance, $28,350.36, $164,421 10 

Unearned premiums on outstanding risks, $1,717,468.09 ; plus 

same on disallowed reinsurance, $2,575.73, . . . . 1,720,043 82 

Salaries and other miscellaneous expenses, due or accrued, . 16,491 60 



All liabilities, except capital and surplus, . . . $1,900,956 52 
Surplus to policy holders, .... $1,495,634 27 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities, .... 1,195,634 27 



Total liabilities, $3,396,590 79 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$365,100,549 00 $3,373,720 85 
. 240,926,830 00 2,667,517 84 



$606,027,379 00 $6,041,238 69 
.244,397,685 00 2,364,996 71 



$361,629,694 00 $3,676,241 98 
. 35,062,428 00 371,940 38 



Net amount in force, .... $326,567,266 00 $3,304,301 60 

* Value of land, $349,850; buildings, $378,300; insurance thereon, $357,400. 
t Including $300,000 special reserve held under New York laws. 



384 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



$33,631,637 00 

18,523,342 00 

974,821 00 

1,038,000 00 

100,000 00 

48,000 00 

100,500 00 



Portland City, Ore., water bonds, 

Georgia State bonds, 

New York city bonds, 

Chesapeake & Ohio Con. R.R. bonds, 

Missouri, Kan. & Texas R.R. bonds, 

Richmond, Va., city bonds, 

New York & Harlem R.R. Co. bonds, 

Albany & Susquehanna R.R. Co. bonds, 

Rensselaer & Saratoga R.R. Co. bonds, 

N. Y., Lackawanna & Western R.R. Co. bonds, 

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

Oswego & Syracuse R.R. Co. bonds, 

Syracuse, Bing. & N. Y. R.R. Co. bonds, 

Chic, Milwaukee & St. Paul R.R. Co. bonds, 

Pennsylvania R.R. Co. bonds, . 

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

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

Manhattan R.R. Co. bonds, 

Louisville & Nashville R.R. Co. bonds, 

Illinois Central R.R. Co. bonds, 

Union Pacific R.R. Co. bonds, . 

Delaware & Hudson Co. bonds, 

Erie R R. Co. bonds, .... 

Chatham National Bank bonds, 

Westchester & Bronx T. & Mort. Gr. Co. b'ds, 

Underwriters' Salvage Co. bonds, . 



15 
36 
50 
00 
30 
50 
00 
00 
50 



Book Value. 

$ 6 1,071 15 

11,627 
423,664 

32,337 

25,705 

16,142 
122,587 

57,550 

72,400 

75,487 

55,662 50 

85,575 60 

82,950 00 
158,225 00 
200,379 61 
158,650 00 

48,937 50 
139,500 00 

62,062 50 
144,625 00 

77,675 00 

80,687 50 

68,250 00 

15,800 00 
7,504 47 
1,000 00 



00 
00 
00 
00 
00 
00 



Market Value. 

$61,000 00 

11,500 00 
403,750 00 

34,500 

29,100 

16,000 
243,000 

92,000 
103,500 
108,000 00 

67,500 00 

93,000 00 
100,000 00 
146,500 00 
166,600 00 
119,000 00 

45,500 00 
144,000 00 

55,000 00 
131,250 

64,400 

83,500 

68,500 

16,500 00 
7,500 00 
1,000 00 



00 
00 
00 
00 



1,286,057 14 $2,412,100 00 



"THE WESTERN INSURANCE COMPANY OF PITTSBURGH," 

PITTSBURGH, PA. 

[Incorporated March 20, 1849. Commenced business May 1, 1849.] 

Paid-up Capital, $300,000. 

JOHN B. JACKSON, President. D. DALLAS HARE, Secretary. 

Income. 

Net fire premiums, $339,547.63; marine, $76.16, . . $339,623 79 
Interest on mortgage loans, $10,726.33 ; bonds, $15,137.51 ; all 

other, $1,267.04, . . 27,130 88 

Profit on sale or maturity of ledger assets, .... 6,227 80 



Total income, 
Ledger assets, Dec. 31, 1902, 



. f372,982 47 
586,361 14 



Total, $959,343 61 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



385 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Taxes and fees, 

Reduction of unpaid premiums on risks placed, 
All other disbursements, 

Total disbursements, 



$171,242 73 

18,000 00 

102,556 64 

16,312 44 

3,100 00 

16 32 

9,356 13 

285 75 

10,670 69 

$331,540 70 



Balance, $627,802 91 



Ledger Assets. 

Real estate, $8,912.25 ; mortgages,* $205,700, 

Loans secured by collateral (New York Life Ins. Co. paid-up 

policy, $3,000), 
Bonds (schedule A), . 
Cash in banks and office, . 
Agents 1 balances, 
Furniture, fixtures and safe, 
All other ledger assets, 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,725.55; bonds, $200, . 
Market value of real estate over book value, . 
Market value of bonds over book value, . 



Gross assets, 



Assets not admitted. 



Furniture, fixtures and safe, 
Agents' balances over three months due, 
Total unadmitted assets, . 

Total admitted assets, 



$1,985 35 
2,910 52 



$214,612 25 

1,775 94 

293,890 75 

74,460 04 

38,288 63 

1,985 35 

2,789 95 

$627,802 91 



2,925 55 
87 75 

7,878 00 

$638,694 21 



4,895 87 
$633,798 34 



Liabilities. 

Unpaid losses, including $877.73 resisted, $34,409.95; less 

reinsurance, $2,031.79, $32,378 16 

Unearned premiums on outstanding risks, $251,960.30; plus 

same on disallowed reinsurance, $4,309.88,. . . . 256,270 18 

Commissions and other charges due agents and brokers, . 198 93 

Premiums on risks placed, 763 56 

All liabilities, except capital and surplus, . . . $289,610 83 
Surplus to policy holders, .... $314,187 51 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities, .... 44,187 51 

Total liabilities, $633,798 34 



* Value of land, $251,550; buildings, $298,850; insurance thereon, $198,100. 



386 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



Risks and Premiums. 



Fire risks outstanding; Dec. 31, 1902, 
Fire risks written during 1903, 



Total 

Risks expired and terminated, . 

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

Net amount in force, . 

Marine risks written during 1903, 
Risks expired and terminated, . 



.$38,380,479 00 
. 32,567,677 00 



.$70,948,156 00 
. 31,995,762 00 

. $38,952,394 00 
. 2,850,998 00 



Premiums. 

$455,374 74 
417,742 86 

$873,117 60 
355,910 36 

$517,207 24 
31,249 75 



.$36,101,396 00 $485,957 49 



$8,247 00 
8,247 00 



$76 16 
76 16 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (6 per cent), . 
Company's stock owned by directors, .... 

Schedule A. 



$5,782,852 

3,426,247 

177,496 

1,043,500 

168,750 

18,000 00 

58,550 00 



00 
00 
00 
00 
00 



Bonds owned by the Company. 



Allegheny County, Pa., bonds, . 
Pittsburgh Junction R.R. Co. bonds, 
Pittsburgh & Western R.R. Co, bonds, . 
Pitts. & Allegheny (Pa.) Bridge Co. bonds, 
Wilkinsburg Borough, Pa., bonds, . 
City of Ponce, Porto Rico, bonds, 
New Brighton, Pa., bonds, 
Bellevue Borough, Pa., bonds, . 
Avalon Borough, Pa., bonds, . 
Jacks Run Bridge Co., Pa., bonds, . 
German Evang. Protestant Ch., Pa., bonds, 
East McKeesport, Pa., bonds, . 
Connellsville (Pa.) Water Co. bonds, 
Pennsylvania Water Co. bonds, 
Beaver Valley (Pa.) Traction Co. bonds, 
Youngs , O. & Sharon, Pa., R'y & Lt. Co. b'ds 
Birmingham (Ala.) Water Works Co. bonds, 
St. Joseph (Mo.) Water Co. bonds, . 
Carbon Iron Co., Pa., bonds, 
Ben Avon Borough (Pa ) school bonds, . 
Elgin, Aurora (111.) & So. Traction Co. bonds 
Monongahela Valley Water Co., Pa., bonds, 
Duquesne Club, Pittsburgh, Pa , bonds, . 
Clairton Steel Co., Pittsburgh, Pa., bonds, 
Suburban Gas Co., Philadelphia, Pa., bonds, 
New Castle, Pa., Water Co. bonds, . 
Racine, Wis., Water Co. bonds, 
Hudson River Electric Co. bonds, . 
Marquette & Besse. Dock Navig. Co. bonds, 



Book Value. 

$20,000 00 

4,800 00 

7,763 75 

15,000 00 

30,000 00 

11,197 00 

2,000 00 

2,500 00 

500 00 

4,000 00 

10,500 00 

2,000 00 

4,100 00 

10,850 00 

8,200 00 

20,000 00 

15,000 00 

10,000 00 

11,000 00 

4,000 00 

10,000 00 

11,220 00 

15,375 00 

9,750 00 

10,000 00 

9,360 00 

5,000 00 

14,775 00 

15,000 00 



25 

00 
00 
00 
00 
00 



Market Value. 

$20,000 00 

5,200 00 
10,000 00 
15,862 50 
32,100 00 
12,000 00 

2,015 00 

2,556 
500 

4,380 
10,595 

2,125 

4,100 
10,800 00 

8,320 00 
20,000 00 
15,000 00 
10,000 00 
11,000 00 

4,260 
10,000 
11,220 
15,375 
10,000 00 
10,000 00 

9,360 

5,000 
15,000 
15,000 



00 
00 
00 
00 



00 
00 
00 
00 



$293,890 75 $301,768 75 



WHAT CHEER MUTUAL FIRE INSURANCE CO. 387 



"WHAT CHEER MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1873. Commenced business Jan. 1, 1874.] 
ROWLAND G. HAZARD, President. JOSEPH T. DAY, Secretary. 

Income. 

Net premiums, f 298,026. 15 ; extra premiums, $1,862.75, . $299,888 90 

Interest on stocks and bonds, 10,582 03 

Profit on sale or maturity of ledger assets, .... 900 00 

From all other sources, 16 20 



Total income, $311,387 13 

Ledger assets, Dec. 31, 1902, 279,687 05 

Total, $591,074 18 

Disbursements. 

Net amount paid for losses, $11,938 73 

Profits on terminated policies, 240,787 35 

Salaries, fees, etc., of officers and employees, . . . . 13,497 15 

Rents, including company's own occupancy, .... 1,007 75 

Taxes and fees, 5,782 75 

Premiums paid in advance, 1,433 58 

Inspections, . 5,681 24 

All other disbursements, , 2,129 68 

Total disbursements, $282,258 23 

Balance, $308,815 95 

Ledger Assets. 

Stocks and bonds (schedule A), . . . . . . $193,392 08 

Cash in banks and office, 35,918 63 

Premiums in course of collection, ...... 9,086 97 

Cash loans, 70,418 27 

Total ledger assets, $308,815 95 

Non-Ledger Assets. 

Interest due and accrued : — 

On stocks and bonds, $1,024.14; other assets, $831.04, . . 1,855 18 

Gross assets, $310,671 13 

Assets not admitted. 

Depreciation in book value of stocks and bonds, . . , 192 08 

Total admitted assets, $310,479 05 



388 



AVIIAT CHEER MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, $1,782 18 

Unearned premiums on outstanding risks, .... 149,232 25 

Taxes accrued, 5,882 98 

All liabilities, except capital, $156,897 41 

Surplus, 153,581 64 

Total liabilities, $310,479 05 



Risks and Premiums. 

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

Risks outstanding Dec. 31, 1902, $32,359,108 00 $281,092 64 $1,405,463 20 

Risks written during 1903, . 36,748,669 00 317,414 01 1,587,070 05 



Total, $69,107,777 00 $598,506 65 $2,992,533 25 

Risks expired and terminated, . 35,387,494 00 300,042 15 1,500,210 75 



In force at end of year, . . $33,720,283 00 $298,464 50 $1,492,322 50 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1903, 85.41 per cent. 



$11,146 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Stein way R'y Co. bonds, .... 

50 shares Old Colony R.R. Co., 

200 " Illinois Central R.R. Co., 

100 " Cleveland & Pittsburg R.R. Co., 

100 " N. Y., Lackawanna & West. R'y Co. 

50 " Albany & Susquehanna R.R. Co., 

500 " Pennsylvania R.R. Co., . 

200 " Rensselaer & Saratoga R.R. Co., 

45 " Upper Coos R.R. Co., 

150 " Pitts., Bessemer & L. Erie R.R. Co. 

100 " Hereford R'y Co., . 

100 " Manhattan R'y Co., . 

50 " N. Y. Cent. & Hudson R. R.R. Co. 

50 " Oswego & Syracuse R.R. Co., 

50 " Union Pacific R.R. Co., . 



Book Value. 

$5,375 00 

8,931 
21,050 

9,487 
13,300 
10,500 00 
31,587 33 
41,800 00 

6,761 25 

5,531 
10,250 
13,675 

5,818 

5,800 

3,525 



00 
00 
50 
00 



25 

00 
00 
75 
00 
00 



Market Value. 

$5,750 00 

10,200 00 

21,200 00 

9,200 00 

13,300 00 

11,500 00 

29,750 00 

41,400 00 

6,525 00 

5,025 00 

9,200 00 

14,400 00 

5,950 00 

5,750 00 

4,050 00 



$193,392 08 $193,200 00 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



389 



« WILLIAMSBURGH CITY FIRE INSURANCE COMPANY," 

BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 

Paid-up Capital, $250,000. 

MARSHALL S. DRIGGS, President. FRED'K H. WAY, Secretary. 

Income. 

Net fire premiums, $1,080,392 37 

Interest on mortgage loans, f 1 2,585 . 92 ; collaterals, $ 1 ,753 . 42 ; 

stocks and bonds, $52,094.56, . . . . . . 66,433 90 

Rents, including company's own occupancy, .... 52,030 72 

Profit on sale or maturity of ledger assets, .... 19,297 25 



Total income, 

Ledger assets, Dec. 31, 1902, less commissions due, 



. $1,218,154 24 
. 2,266,414 02 



Total, $3,484,568 26 



Disbursements. 

Net amount paid for fire losses, $501,818 67 

Interest and dividends to stockholders, 75,198 00 

Commissions or brokerage, 273,869 75 

Salaries, fees, etc., of officers and employees, .... 88,757 65 

Rents, including company's own occupancy, .... 16.250 00 

Repairs and expenses on real estate, 15,813 10 

Real estate taxes, $10,055.18; othertaxes and fees, $18,869. 50, 28,924 68 

All other disbursements, 57,663 41 



Total disbursements, . 
Balance, 



. $1,058,295 26 
. $2,426,273 00 



Ledger Assets. 

Real estate, $672,929.76 ; mortgages,* $253,200, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances 



Total ledger assets, 



$926,129 76 
36,000 00 

1,225,988 13 

99,251 89 

138,903 22 

$2,426,273 00 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $2,464.45; stocks and bonds, $5,867.75 ; col- 
lateral loans, $160.41 ; other assets, $158.45, 

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

Commissions accrued in reinsuring companies, 

Gross assets,f 



8,651 06 

6,740 54 

11,339 82 

. $2,453,004 42 



* Value of land, £209,750; huildings, $217,500; insurance thereon, $222,500. 
t Including $280,000 special reserve held under New York laws. 



390 



WILLI AMSBURGH CITY FIRE INSURANCE CO. 



Assets not admitted. 

Agents' balances over three months due, . $136 19 

Special deposits less $22,025. 14 liab. thereon, . 2,474 86 

Depreciation in book value of stocks and bonds, 8,472 13 

Total unadmitted assets, .... 



Total admitted assets, 



$11,083 18 
1,441,921 24 



Liabilities. 

Unpaid losses, including $7,515 resisted, $97,237.23; less 
reinsurance, $15,554.57, 

Unearned premiums on outstanding risks, $867,932.27 ; plus 
same on disallowed reinsurance, $6,099.30, .... 

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, . 

Total liabilities, 



(1,471,942 71 



$81,682 66 

874,031 57 
5,629 84 
8,634 46 

$969,978 53 

250,000 00 
1,221,942 71 

$2,441,921 24 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$166,673,907 00 
126,164,904 00 

$292,838,811 00 
106,437,385 00 

$186,401,426 00 
14,046,652 00 



Premiums. 

$1,608,981 18 
1,351,764 01 

$2,960,745 19 
1,101,089 20 

$1,859,655 99 
162,333 19 



$172,354,774 00 $1,697,322 80 



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, .... 



$20,765,993 00 

10,603,392 00 

510,699 00 

1,917,500 00 

75,000 00 

52,400 00 



Schedule A. 
Securities held as Collateral. 



93 shares Williams. Tr. Co., Brooklyn, N. Y., 

72 " National Surety Co., N. Y., . 

50 " Nassau Oil Co., .... 

645 " United States Steel Co 

640 " United States Steel Co., . 



Market Value. 

$22,320 00 
7,200 00 
3,000 00 
9,765 00 
9,480 00 



Loaned Thereon. 

> $21,000 00 

8,000 00 
7,000 00 



$51,765 00 $36,000 00 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



391 



Schedule B. 
Stocks and Bonds owned by the Company. 



Richmond, Va., bonds, .... 

Georgia bonds, 

Brooklyn Union Gas Co. of Brooklyn bonds, 

New York city bonds, .... 

American Malting Co. bonds, . 

First National Bank of Brooklyn stock, . 

Brooklyn Union Gas Co. of Brooklyn stock, 

Kings Co. Trust Co. of Brooklyn stock, . 

Union Ferry Co. of Brooklyn stock, 

Chic, Milwaukee & St. Paul R.R. Co. stock, 

Consolidated Gas Co. of N. Y. stock, 

Williamsburgh Trust Co. of Brooklyn stock, 

Pennsylvania R.R. Co. stock, . 

The Commercial Cable Co. stock, 

The Reading Co. stock, 

Hocking Valley R.R. Co. stock, 

Illinois Central R.R. Co. stock, 

New York Air Brake Co. stock, 

Pressed Steel Car Co. stock, 



Book Value. 

$13,841 25 
11,800 00 
4,648 80 
97,264 48 
19,950 00 
72,524 50 
60,538 85 
18,115 00 
52,100 00 
49,887 50 

217,418 75 
27,000 00 

271,877 50 
37,825 00 
15,775 00 
16,125 00 

109,346 50 
97,637 50 
32,312 50 



Market Value. 

$13,500 00 
11,000 00 
10,170 00 
93,390 00 
19,740 00 
88,000 00 

108,500 00 
38,250 00 
28,050 00 
43,800 00 

211,460 00 
45,000 

238,000 
34,556 
15,400 
16,800 

104,800 00 
81,600 00 
15,500 00 



00 
00 
00 
00 
00 



.,225,988 13 $1,217,516 00 



392 



AGGREGATE. 



AGGREGATE. 



Capital Stock. 
Capital actually paid up in cash, . 
Scrip outstanding, . 



Admitted assets, . 



Assets. 



Liabilities. 



Liabilities, 



Income. 
Cash actually received for fire premiums, . 
for marine and inland premiums, 
for interest and dividends from all sources, 
from all other sources, 

Total income, 

Disbursements. 
Cash actually paid during the year for fire losses, 

for marine and inland losses, .... 
for dividends to stockholders, .... 
for dividends to policy holders (mutual companies) 

for redemption of scrip, 

for interest to scrip holders, .... 
for brokerage and commission on premiums, 
for salaries and pay of officers and employees, . 

for State and local taxes, 

for office agency and incidental expenses, . 

Total disbursements, 



Miscellaneous. 
Fire risks outstanding at end of year, . 
Marine and inland risks outstanding, . 
Cash dividends declared during the year, 
Fire losses incurred during the year, . 
Marine losses incurred during the year, 



$49,502,875 
7,445,730 



$281,127,024 
$134,538,580 



$131,416,833 
8,529,669 
9,468,103 
4,137,876 



$153,552,481 



$60,967,036 

4,974,121 

6,561,203 

4,179,507 

951,534 

419,884 

28,579,455 

9,040,670 

3,925,971 

10,963,945 



$130,563,326 



$18,683,522,406 

226,855,554 

6,490,874 

62,291,895 

5,280,675 



AACHEN AND MUNICH FIRE INSURANCE CO. 393 



UNITED STATES BRANCHES OF FOREIGN FIRE AND 
MARINE INSURANCE COMPANIES. 



UNITED STATES BRANCH OF THE "AACHEN AND MUNICH FIRE 
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY. 

Deposit Capital, $200,000. 
JOSEPH A. KELSEY, United States Manager. 
Office, 46 Cedar Street, New York, N. Y. 

Income. 

Net fire premiums, $897,194 07 

Interest on bonds, $26,902.25; all other, $2,707.05, . . 29,609 30 

Received from home office, 5,485 00 



Total income, $932,288 37 

Ledger assets, Dec. 31, 1902, less commissions due, . . 1,006,660 22 



Total, $1,938,948 59 

Disbursements. 

Net amount paid for fire losses, $467,552 56 

Commissions or brokerage, 186,799 59 

Salaries, fees, etc., of officers and employees, .... 80,994 64 

Rents, 6,974 00 

Taxes and fees, 23,918 20 

Remitted to home office, 5,168 49 

All other disbursements, 58,050 71 



Total disbursements, $829,458 19 



Balance, $1,109,490 40 

Ledger Assets. 

Bonds (schedule A), $852,095 50 

Cash in banks and office, 123,481 88 

Agents' balances, 132,634 14 

Bills receivable, not matured, 1,278 88 



Total ledger assets, $1,109,490 40 

Assets not admitted. 



Cash not in control of trustees, 
Agents' balances over three months due, 
Special deposits less $24,696.29 liab. thereon, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 



$5,697 88 

3,278 19 

52,678 71 

13,464 25 



75,119 03 



Total admitted assets, $1,034,371 37 



394 



AACHEN AND MUNICH FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $7,209.72 resisted, $81,863.64 ; less 
reinsurance, $1,040.01, 

Unearned premiums on outstanding risks, $610,812.76 ; plus 
same on disallowed reinsurance, $4.56, . 

Commissions and other charges due agents and brokers, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $340,141 37 

Deposit capital, 

Surplus over capital and general liabilities, .... 



Total liabilities, 



$80,823 63 

610,817 32 

2,589 05 

$694,230 00 

200,000 00 

140,141 37 

1,034,371 37 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

.$80,824,902 00 $1,106,215 80 
. 88,322,958 00 1,210,246 06 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$169,147,860 00 $2,316,461 86 
. 72,531,178 00 1,048,200 94 



. $96,616,682 00 $1,268,260 92 
. 7,960,493 00 106,529 72 



Miscellaneous. 
Fire losses incurred during the year, 



$88,656,189 00 $1,161,731 20 
. $469,017 00 



Schedule A. 
Bonds owned by the Company. 



United States bonds, 

Consolidated stock of the city of N. Y. bonds, 
State of N. Y. canal improvement bonds, 
State of Massachusetts bonds, . 
Atchison, Topeka & Santa Fe R.R. Co. bonds 
Chic, Rock Island & Pacific R.R. Co. bonds, 
Northern Pacific R.R. Co. bonds, 
Union Pacific R.R. Co. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 
Louisville & Nashville R.R. Co. bonds, 
Kansas City Southern R.R. Co. bonds, 
Seaboard Air Line R'y bonds, . 
Oregon Short Line R.R. bonds, 



Book Value. 

$70,687 50 
215,202 50 
105,000 
100,125 

48,835 

48,421 

86,937 

49,718 

18,200 
8,925 

55,125 

21,261 

23,656 



00 
00 
00 
25 
50 
75 
00 
00 
00 
75 
25 



Market Value. 

$77,375 00 

201,620 00 

104,000 00 

97,000 00 

49,625 00 

46,462 50 

86,875 00 

51,625 00 

17,950 00 

8,880 00 

52,687 50 

21,500 00 

23,031 25 



$852,095 50 $838,631 25 



ALLIANCE ASSURANCE CO. LIMITED. 395 



UNITED STATES BRANCH OF THE "ALLIANCE ASSURANCE 
COMPANY LIMITED," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, 29-31 Liberty Street, New York, N. Y. 

Income. 

Net fire premiums, $382,703 59 

Interest on bonds, $20,500; all other, $173.80, . . . 20,673 80 

Rents, including company's own occupancy, .... 15,276 50 

Received from home office, 5,660 36 



Total income $424,314 25 

Ledger assets, Dec. 31, 1902, 913,514 39 



Total, 11,337,828 64 

Disbursements. 

Net amount paid for fire losses, $171,697 41 

Commissions or brokerage, 97,717 64 

Salaries, fees, etc., of officers and employees, .... 15,673 84 

Rents, including company's own occupancy, .... 1,739 40 

Repairs and expenses on real estate, 3,961 35 

Real estate taxes, $1,705.40; other taxes and fees, $4,688. 36, . 6,393 76 

Remitted to home office, 103,632 33 

All other disbursements, 14,660 84 



Total disbursements, $415,476 57 



Balance, $922,352 07 

Ledger Assets. 

Real estate, $173,170 87 

Bonds (schedule A) 599,029 11 

Cash in banks, 61,465 24 

Agents' balances, 88,586 85 

Bills receivable, not matured, 100 00 



Total ledger assets, $922,352 07 

Non-Ledger Assets. 

Interest accrued on bonds 1,750 00 

Rents due on company's property, 500 00 



Gross assets, $924,602 07 

Assets not admitted. 



Cash not in control of trustees, 
Investments not in control of trustees, . 
Agents' balances over three months due, 
Special deposits less $6,807.67 liab. thereon, 
Depreciation in book value of bonds, 
Total unadmitted assets, . 



$57,407 75 

13,995 26 

2,721 82 

47,442 33 

23,279 11 



144,846 27 






Total admitted assets, $779,755 80 



396 ATLAS ASSURANCE CO. LIMITED. 



Liabilities. 

Unpaid losses, $19,664 24 

Unearned premiums on outstanding risks, .... 235,049 63 

Salaries and other miscellaneous expenses, due or accrued, . 4,079 41 

Commissions and other charges due agents and brokers, . 4,861 62 

Due for return premiums, $6,663.93; reinsurance, $5,499.30, 12,163 23 



All liabilities, except capital and surplus, . . . $275,818 13 
Surplus to policy holders, .... $503,937 67 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 303,937 67 

Total liabilities, $779,755 80 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Miscellaneous 
Fire losses incurred during the year, 

Schedule A. 



Premiums. 

$28,353,238 00 $379,643 62 
39,001,450 00 500,635 74 



$67,354,688 00 $880,279 36 
28,630,022 00 387,471 94 



138,724,666 00 $492,807 42 
3,368,690 00 37,076 16 



55,355,976 00 $455,731 26 



$181,199 00 



Bonds owned by the Company. 

Book Value. Market Value. 

United States government bonds, . . . $273,600 00 $271,250 00 

Consolidated stock of city of New York b'ds, 325,429 11 304,500 00 

$599,029 11 $575,750 00 



UNITED STATES BRANCH OF THE "ATLAS ASSURANCE 
COMPANY LIMITED," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

J. M. NEUBURGER, United States Manager. 

Office, 315 Dearborn Street, Chicago, III. 

Income. 

Net fire premiums, $889,845 94 

Interest on bonds, $28,565.39 ; all other, $774.89, . . . 29,340 28 



ATLAS ASSURANCE CO. LIMITED. 397 

Profit on sale or maturity of ledger assets, .... $14,000 00 
Received from home office, 56,829 27 

Total income, $990,015 49 

Ledger assets, Dec. 31, 1902, less commissions due, . . 1,207,648 99 

Total, $2,197,664 48 

Disbursements. 

Net amount paid for fire losses, $527,036 11 

Commissions or brokerage, 191,234 67 

Salaries, fees, etc., of officers and employees, . . . . 55,162 00 

Rents, 4,831 18 

Taxes and fees, . 22,832 50 

Remitted to home office, 51,715 24 

All other disbursements, 61,707 29 

Total disbursements, $914,518 99 

Balance, $1,283,145 49 

Ledger Assets. 

Bonds (schedule A), $1,075,148 75 

Cash in banks and office, 78,162 16 

Agents' balances, 122,918 07 

Bills receivable, not matured, 6,916 51 

Total ledger assets, $1,283,145 49 

Non-Ledger Assets. 
Interest accrued on bonds, 12,258 31 



Gross assets, $1,295,403 80 

Assets not admitted. 

Cash not in control of trustees, . . . $27,162 16 
Bonds not in control of trustees, . . . 15,116 25 

Special deposits less $61,606.25 liab. thereon, . 115,698 75 

Total unadmitted assets, .... 157,977 16 

Total admitted assets, $1,137,426 64 

Liabilities. 

Unpaid losses, including $3,549.07 resisted, $73,785.06 ; less 

reinsurance, $5,805.01, $67,980 05 

Unearned premiums on outstanding risks, $633,407.63; plus 

same on disallowed reinsurance, $4,074.56, . . . . 637,482 19 

Due for reinsurance premiums, 4,613 01 

All liabilities, except capital and surplus, . . . $710,075 25 
Surplus to policy holders, .... $427,351 39 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 227,351 39 

Total liabilities, $1,137,426 64 



398 



THE BRITISH AMERICA ASSURANCE CO. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

$111,103,874 00 $1,356,532 16 
100,887,059 00 1,189,420 08 



$211,990,933 00 $2,545,952 24 
101,579,842 00 1,177,888 44 



$110,411,091 00 $1,368,063 80 
9,323,644 00 118,530 30 



$101,087,447 00 $1,249,533 50 



Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 

Bonds owned bij the Company. 



United States government bonds, 

Pennsylvania R.R. Co. bonds, . 

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

Boston & Maine R.R. Co. bonds, 

Illinois Central R.R. Co. bonds, 

Chic, Rock Island & Pacific R'y Co. bonds, 

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

Chicago & Northwestern R.R. Co. bonds, 

Chic, Milwaukee & St. Paul R.R. Co. bonds, 

Territorial bonds, New Mexico, 

N. Y. & Putnam R'y Co. bonds, 

City of Louisville bonds, .... 

City of St. Louis bonds, .... 

Commonwealth of Mass. State highway loan, 

New York city gold bonds, 

City of Portland, Oregon, gold bonds, 



Book Value. 

$150,000 00 
25,000 00 
25,000 00 
25,000 00 
74,145 00 
25,041 25 
76,650 

156,625 

151,937 
10,000 00 
25,000 00 
50,000 
15,000 
50,000 

154,875 



00 
00 
50 



00 
00 
00 
00 



60,875 00 



$511,045 00 



Market Value. 

$159,000 00 
25,625 00 
24,562 50 
29,000 00 
70,235 
23,805 
69,650 

147,187 

143,437 
10,430 00 
25,500 00 
51,250 00 
15,600 00 
51,625 

152,250 
60,875 



00 
00 
00 
50 
50 



00 
00 
00 



$1,075,148 75 $1,060,032 50 



UNITED STATES BRANCH OF "THE BRITISH AMERICA 
ASSURANCE COMPANY," TORONTO, CANADA. 

Deposit Capital, $200,000. 
FREDERICK B. CARPENTER, Attorney. 

Office, 92 Water Street, Boston. 

Income. 

Net fire premiums, $1,250,547.54; marine, $259,836.14, . $1,510,383 68 

Interest on stocks and bonds, . . . . . . . 37,353 16 

Total income, $1,547,736 84 

Ledger assets, Dec 31, 1902, 1,333,387 56 



Total, . 



1,881,124 40 



THE BRITISH AMERICA ASSURANCE CO. 399 



Disbursements. 

Net amount paid for fire losses, $647,463.13; marine, $223,- 

582.66 $871,045 79 

Commissions or brokerage, 278,645 17 

Salaries, fees, etc., of officers and employees, .... 64,760 41 

Taxes and fees, 42,18125 

Remitted to home office, 70,924 42 

All other disbursements, 111,038 31 



Total disbursements, $1,438,595 35 



Balance, $1,442,529 05 

Ledger Assets. 

Stocks and bonds (schedule A), 1,066,971 56 

Cash in banks, 169,720 71 

Agents' balances, 205,836 78 

Total ledger assets, $1,442,529 05 

Non-Ledger Assets. 
Interest due and accrued on stocks and bonds, . . . 11,833 20 



Gross assets, $1,454,362 25 

Assets not admitted. 

Cash not in control of trustees, . . . $18,278 85 

Agents' balances over three months due, . 1,001 99 

Special deposits less $156,063.22 liab. thereon, 116,647 47 

Depreciation in book value of stocks and bonds, 26,055 37 

Total unadmitted assets, .... 161,983 68 



Total admitted assets, $1,292,378 57 

Liabilities. 

Unpaid losses, including $8,379.11 resisted, .... $100,78614 

Unearned premiums on outstanding risks, .... 891,791 98 



All liabilities, except capital and surplus, . . . $992,578 12 
Surplus to policy holders, .... $299,800 45 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 99,800 45 



Total liabilities, $1,292,378 57 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Premiums. 

$116,257,605 00 $1,509,532 87 
. 122,598,895 00 1,653,294 44 



$238,856,500 00 $3,162,827 31 
. 111,391,570 00 1,493,195 79 



$127,464,930 00 $1,669,631 52 
. 6,905,356 00 87,343 27 



Net amount in force, .... $120,559,574 00 $1,582,288 25 



400 BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 



Premiums. 

Marine risks outstanding Dec. 31, 1902, . . 83,899,016 00 889,449 43 
Marine risks written during 1903, . . . 38,322,072 00 322,758 06 



Total,. . . . . . . .$42,221,088 00 8412,207 49 

Risks expired and terminated 38,784,180 00 329,379 43 



In force at end of year, . 



. 83,436,908 00 882,828 06 



Miscellaneous. 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 



8647,046 00 
223,954 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



City of New York Corporation stock, 

United States bonds, 

Georgia State bonds, .... 

New Mexico territorial bonds, . 

City of London, Canada, bonds, 

City of Winnipeg, Canada, bonds, . 

City of Kingston, Canada, bonds, 

City of Richmond, Va., bonds, . 

City of Toledo, Ohio, bonds, 

City of Riverside, Cal., bonds, . 

City of Brooklyn, N. Y., bonds, 

City of Colorado Springs, Col., bonds, 

N. Y. & West Shore R'y bonds, 

Canadian Northern R'y Co. land grant bonds 

Baltimore & Ohio bonds, .... 

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

Rochester Electric R'y Co. bonds, . 

Toronto Electric Light Co. bonds, . 

Central Canada Loan & Savings Co. deben., 

Toronto Savings & Loan Co. deben., 

Canada Permanent Mortgage Corp. stock, 



Book Value. 

8182,537 50 
223,975 
12,200 
11,337 
159,744 
22,236 
22,860 
27,321 
11,562 
27,937 
33,225 
26,500 
13,470 
45,000 
49,750 00 
75,000 00 
26,750 00 
20,606 00 
15,000 00 
50,000 00 
9,960 00 



00 
00 
50 
00 
00 
00 
06 
00 
50 
00 
00 
00 
00 



00 
00 
00 



Market Value. 

8171,071 00 

223,650 
11,300 
10,700 

153,826 50 
21,210 00 
21,710 00 
27,060 69 
10,825 00 
28,000 00 
30,300 00 
25,470 00 
12,840 00 
45,000 00 
50,000 00 
75,000 00 
27,125 00 
20,100 00 
15,000 00 
50,000 00 
10,728 00 



$1,066,971 56 $1,040,916 19 



UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN 

MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL, 

ENGLAND. 

Deposit Capital, $300,000. 

W. L. H. SIMPSON, United States Manager. 
Office, Cotton Exchange Building, New York, N. Y. 



Income. 

Net marine premiums, .... 

Interest on stocks and bonds, . 

Profit on sale or maturity of ledger assets, 



$817,832 06 

47,505 38 

3,897 88 



BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 401 

Received from home office, $759,741 16 

From all other sources, 16,454 90 



Total income $1,645,431 38 

Ledger assets, Dec. 31, 1902, 1,415,263 29 



Total, $3,060,694 67 

Disbursements. 

Net amount paid for marine losses, $435,161 09 

Commissions or brokerage, 124,472 28 

Salaries, fees, etc., of officers and employees, .... 42,054 65 

Rents, • 7,020 04 

Taxes and fees, 19,505 12 

Loss on sale or maturity of ledger assets, .... 154 10 

Remitted to home office, . 967,799 46 

All other disbursements, 15,493 25 



Total disbursements,^ $1,611,659 99 



Balance, $1,449,034 68 

Ledger Assets. 

Mortgages,* $17,500 00 

Stocks and bonds (schedule A) 1,204,312 70 

Cash in banks, 12,752 39 

Agents 1 balances, 214,469 59 

Total ledger assets, $1,449,034 68 

Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $437.50; bonds, $15,673.85, .... 16,11135 

Market value of stocks and bonds over book value, . . 51,388 37 

Reinsurance due on losses paid, 21,752 86 



Gross assets, $1,538,287 26 

Assets not admitted. 

Cash not in control of trustees, . . . $12,752|39 
Agents' balances over three months due, . . 24,949^20 

Special deposits less $2,165.17 liab. thereon, . 188,027,33 

Reinsurance due on losses paid, . . . gl3,627|96 

Total unadmitted assets, .... 239,356 88 

Total admitted assets, $1,298,930 38 

Liabilities. 

Unpaid losses, including $22,552 resisted, $388,601.05 ; less 

reinsurance, $142,913.45, $245,687 60 

Unearned premiums on outstanding risks, $135,558.82; plus 

same on disallowed reinsurance, $131,470.25, . . . 267,029 07 

* Value of land, $25,000; buildings, $10,000; insurance thereon, $10,000. 



402 BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 



Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and broker?, 

Due for reinsurance premiums, 

Miscellaneous, . . . . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 
Deposit capital, ...... 

Surplus over capital and general liabilities, . 



$656,597 55 



$4,748 87 
31,266 45 
79,145 94 
14,454 90 

$642,332 83 

300,000 00 
356,597 55 



Total liabilities, . . . „ $1,298,930 38- 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total 

Risks expired and terminated, . 

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

Net amount in force, . 



. $23,207,305 00 
.619,322,001 00 

$642,529,306 00 
. 621,887,312 00 

. $20,641,994 00 
. 10,744,883 00 



Premiums. 

$278,823 97 

1,820,653 77 

$2,099,477 74 

1,837,079 54 

$262,398 20 

126,839 38 



1,897,111 00 $135,558 82 



Miscellaneous. 
Marine losses incurred during the year, . 



$595,223 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Boston & Lowell R.R. bonds, . 

Fitchburg R.R. bonds 

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

Boston, Clinton, Fitch. & New Bed. R.R. b'ds 

New England R.R. bonds, 

Boston & Maine R.R. bonds, . 

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

Eastern R.R. bonds, 

State of Massachusetts bonds, . 
City of Brooklyn bonds, . . 
City of New York water stock bonds, 

United States bonds, 

Port of Portland bonds, .... 

City of Portland bonds, .... 

Alleghany Valley R.R. bonds, . 

Pennsylvania R.R. Co. bonds, . 

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

Lehigh Valley R.R. bonds, 

N. Y. Cent. & Hud. R. R.R. gold deben. cert., 

Pennsylvania R.R. bonds, 

Pitts., Ft. Wayne & Chicago R.R. stock, . 

Cleveland & Pittsburgh R.R. stock, . 

Illinois Central R.R. stock, 



Book Value. 

$99,654 30 
29,908 44 
51,870 78 
2,104 38 
61,201 98 
1,044 90 
38,175 30 
23,546 70 
12,879 00 
43,428 96 

175,987 00 

129,693 96 

9,255 44 

29,055 51 

104,626 08 
38,256 42 
73,483 20 
36,172 98 
49,683 78 
29,903 58 

123,131 08 

39,653 93 

1,595 00 



Market Value. 

$100,000 00 
30,000 00 
53,000 00 

2,160 

65,000 

1,195 

39,250 

23,779 

12,540 00 

40,530 00 

171,340 

132,333 

9,200 

29,230 

114,750 

40,413 75 

85,6»7 50 

36,487 50 

48,958 33 

28,809 

142,667 

46,854 

1,515 



00 
00 
00 
00 
99 



00 
33 

00 
00 

00 



00 
50 
17 

00 



$1,204,312 70 $1,255,701 QT 



CALEDONIAN INSURANCE CO. 



403 



UNITED STATES BRANCH OF THE " CALEDONIAN INSURANCE 
COMPANY," EDINBURGH, SCOTLAND. 

Deposit Capital, $200,000. 

CHARLES H. POST, United States Manager. 

Office, 50-52 Pine Street, New York, N. 7. 



Income. 



Net fire premiums, 

Interest on stocks and bonds, . 

Rents, including company's own occupancy, 



,064,136 24 
36,727 00 
44,778 00 



Total income, $1,145,641 24 

Ledger assets, Dec. 31, 1902, 1,680,504 35 

Total, $2,826,145 59 

Disbursements. 

Net amount paid for fire losses, . . . . . $550,459 96 

Commissions or brokerage, 285,853 92 

Salaries, fees, etc., of officers and employees, .... 82,312 05 

Rents, including company's own occupancy, .... 7,517 16 

Repairs and expenses on real estate, 17,803 06 

Real estate taxes, $4,308 . 69 ; other taxes and fees, $25,300 . 66, 29,609 35 

Loss on sale or maturity of ledger assets, .... 14,254 75 

Remitted to home office, 65,676 58 

All other disbursements, 49,333 94 



Total disbursements, . 
Balance, 



. $1,102,820 77 



Ledger Assets. 

Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' balances, 
Bills receivable, not matured, . 
All other ledger assets, 



$1,723,324 82 



$433,187 16 

967,040 17 

187,396 82 

130,800 49 

367 93 

4,532 25 



Total ledger assets, $1,723,324 82 



Non-Ledger Assets. 

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



Gross assets, 



12,443 55 
759 83 

$1,736,528 20 



Assets not admitted. 

Cash not in control of trustees, . . . $1,617 70 

Agents' balances over three months due, . . 2,174 69 

Special deposits less $35,189.28 liab. thereon, . 169,510 72 

Total unadmitted assets, .... 



Total admitted assets, 



173,303 11 
. $1,563,225 09 



404 



CALEDONIAN INSURANCE CO. 



Liabilities. 

Unpaid losses, including $6,421.56 resisted, $122,303.59 ; less 

reinsurance, f7,041.93, $115,26166 

Unearned premiums on outstanding risks, $850,499.25 ; plus 

same on disallowed reinsurance, $1,432.04, . . . . 851,931 29 

Due for reinsurance premiums, 19,613 58 

Contingent liability, 10,000 00 

All liabilities, except capital and surplus, . . . $996,806 53 
Surplus to policy holders, .... $566,41856 

Deposit capital 200,000 00 

Surplus over capital and general liabilities, .... 366,418 56 

Total liabilities, $1,563,225 09 



Fire risks outstanding Dec. 81, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums . 

$183,910,043 00 $1,927,444 43 
132,095,326 00 1,476,897 37 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$316,005,369 00 $3,404,341 80 
130,083,726 00 1,443,682 67 



$185,921,643 00 $1,960,659 13 
28,491,549 00 309,561 79 



$157,430,094 00 $1,651,097 34 



Miscellaneous. 
Fire losses incurred during the year, 



$560,869 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, 

New York city bonds, .... 
Portland, Ore., Water Loan bonds, . 
City of Richmond, Va., bonds, . 
State of Georgia bonds, .... 
New York city bonds, .... 
New York State bonds, .... 
Richmond & Petersburg R.R. Co. bonds, . 
St. Paul, Minn. & Manitoba R.R. Co. bonds, 
Chic, Mil. & St. Paul R.R. Co. bonds, 
Chic, Rock Island & Pacific R.R. Co. bonds, 
Central Union Gas Co. of N. Y. bonds, . 
Brooklyn Union Gas Co. bonds, 
Chicago, Mil. & St. Paul R.R. Co. stock, . 
Consolidated Gas Co. of N. Y. stock, 
Manhattan R'y Co. stock, .... 



Book Value. 

$118,107 17 

109,250 00 
57,284 47 
24,825 25 
10,000 00 

101,875 00 

102,500 
50,500 
44,257 
58,553 
51,750 00 
5,500 00 
5,788 53 

- 99,974 74 
58,903 20 
67,970 72 



00 
00 
50 
59 



Market Value. 

$109,500 00 

101,375 00 

59,500 00 

25,500 00 

10,200 00 

101,875 00 

102,500 00 

55,000 00 

50,250 00 

54,250 00 

51,000 00 

5,300 00 

5,600 00 

105,600 00 

58,350 00 

72,000 00 



$967,040 17 $967,800 00 



COLOGNE REINSURANCE CO. 405 



UNITED STATES BRANCH OF THE "COLOGNE REINSURANCE 

COMPANY," COLOGNE, GERMANY. 

Deposit Capital, $200,000. 

E. M. CRAGIN, United States Manager. 

Office, 58 Liberty Street, New York, N. Y. 

Income. 

Net fire premiums, $535,364 30 

Interest on bonds, 17,885 00 

Received from home office, 60,942 50 

Total income, $614,191 80 

Ledger assets, Dec. 31, 1902, 672,619 22 

Total, $1,286,811 02 

Disbursements. 

Net amount paid for fire losses, $242,817 74 

Commissions or brokerage, 147,647 50 

Taxes and fees 6,239 24 

Remitted to home office, 147,384 06 

All other disbursements, . 93 40 

Total disbursements, $544,181 94 

Balance, $742,629 08 

Ledger Assets. 

Bonds (schedule A), $635,320 84 

Cash in banks, 236 62 

Agents' balances, 107,071 62 

Total ledger assets, $742,629 08 

Non-Ledger Assets. 
Interest accrued on bonds, . . . . . . . 6,270 00 

Gross assets, $748,899 08 

Assets not admitted. 

Cash not in control of trustees, .... $236 62 

Depreciation in book value of bonds, . . 11,010 84 

Total unadmitted assets, .... 11,247 46 



Total admitted assets, $737,651 62 

Liabilities. 

Unpaid losses* $28,398 00 

Unearned premiums on outstanding risks, .... 392,598 28 

Commissions and other charges due agents and brokers, . 36,973 05 






All liabilities, except capital and surplus, . . . $457,969 33 



406 COMMERCIAL UNION ASSURANCE CO. (LIMITED). 

. $279,682 29 



Surplus to policy holders, 

Deposit capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$200,000 00 
79,682 29 

$737,651 62 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$77,021,560 00 $691,008 19 
71,591,751 00 676,013 84 



Total, ... ... 

Risks expired and terminated, . 

In force at end of year, .... 

Miscellaneous 
Fire losses incurred during the year, 

Schedule A. 



$148,613,311 00 $1,367,022 03 
65,417,259 00 601,926 38 



$83,196,052 00 $765,095 65 



$263,244 00 



United States bonds, 

New York city bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Central Pacific R'y Co. bonds, . 
Chicago, Mil. & St. Paul R'y Co. bonds, . 
Union Pacific R'y Co. bonds, 



Bonds owned by the Company. 

Book Value. Market Value. 

$202,602 00 $210,277 50 

162,100 55 150,500 00 



51,096 25 

110,839 54 

57,480 00 

51,202 50 



49,000 00 

108,930 00 

57,062 50 

48,540 00 



$635,320 84 $624,310 00 



UNITED STATES BRANCH OF THE "COMMERCIAL UNION 
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $300,000. 
A. H. WKAY, United States Manager. 

Office, Corner Pine and William streets, Neio York, N. Y. 

Income. 

• 

Net fire premiums, $2,820,405.78 ; marine, $203,577.91, . $3,023,983 69 
Interest on mortgage loans, $7,697.73; stocks and bonds, 

$68,454.78, 76,152 51 

Rents, including company's own occupancy, .... 56,979 69 

Total income, $3,157,115 89 

Ledger assets, Dec. 31, 1902, 3,780,713 39 

Total, $6,937,829 28 

Disbursements. 

Net amount paid for fire losses, $1,499,673.59 ; marine, $136,- 

979.47 $1,636,653 06 

Deposit premiums returned, 955 55 

Commissions or brokerage, 592,498 70 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 407 



Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupancy, .... 
Repairs and expenses on real estate, . . . 
Real estate taxes, $1 1 ,850 . 30 ; other taxes and fees, $76,265 . 36, 

Remitted to home office, 

All other disbursements, 

Total disbursements, 



Balance, $4,084,754 38 



§144,387 


47 


18,162 


32 


38,301 


75 


88,115 


66 


193,606 


30 


140,394 


09 


$2,853,074 90 



Ledger Assets. 

Real estate, $782,587.11 ; mortgages,* $112,000, 

Stocks and bonds (schedule A), 

Cash in banks and office, . 

Agents 1 balances, . . . 

Bills receivable, not matured, . 

Reinsurance due on losses paid, 

All other ledger assets, 

Total ledger assets, . 



$894,587 11 

2,114,299 38 

452,524 46 

610,697 19 

6,292 45 

1,853 79 

4,500 00 

$4,084,754 38 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $1,627.50 ; bonds, $1,750 ; other assets, $204.16, 

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, 



3,581 66 
8,654 23 
105,561 58 
104,394 37 

$4,306,946 22 



Assets not admitted. 

Cash not in control of trustees, 
Agents' balances over three months due, 
Special deposits less $148,029.63 liab. thereon, 
Total unadmitted assets, .... 

Total admitted assets, .... 



$33,263 26 

12,194 31 

132,320 37 



177,777 94 
1,129,168 28 



Liabilities. 

Unpaid losses, including $36,435 resisted, $380,860.38; less 

reinsurance, $27,994.56, . . . . . . . $352,865 82 

Unearned premiums on outstanding risks, $2,325,312.89 ; plus 

same on disallowed reinsurance, $9,009.01, . . . . 2,334,32190 

Reclaimable on perpetual fire policies, 105,538 14 

Commissions and other charges due agents and brokers, . 63,017 14 

Due for return premiums, $12,285 . 92 ; reinsurance, $34,339 . 93, 46,625 85 

All liabilities, except capital and surplus, . . . $2,902,368 85 
Surplus to policy holders, .... $1,226,799 43 

Deposit capital 300,000 00 

Surplus over capital and general liabilities, .... 926,799 43 

Total liabilities, $4,129,168 28 



* Value of land, $69,000; buildings, $147,000; insurance thereon, $115,800. 



408 



COMMERCIAL UNION ASSURANCE CO. (LIMITED) . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, .... $397,124,665 00 $4,451,558 78 
Perpetual risks in force (not included above), $5,545,546 00 $117,264 59 



$440,408,638 00 
. 336,037,564 00 

$776,446,202 00 
. 343,806,684 00 

$432,639,518 00 
. 35,514,853 00 



Premiums. 

H,745,671 6& 

4,031,730 15 

}8,777,401 81 

3,975,963 4a 

^4,801, 438 41 

349,879 63 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



. $2,359,920 00 
. 98,454,640 00 

$100,814,560 00 
. 95,751,996 00 

$5,062,564 00 
468,243 00 



Net amount in force, . 



Miscellaneous 



$67,195 70 

255,800 60 

$322,996 30 

210,459 09 

$112,537 21 

6,355 85 



$4,594,321 00 $106,181 36 



Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 

Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, 

New York city bonds, . . 
Northern Pacific R.R. bonds, . 
Union Pacific R.R. & land grant bonds, . 
Pennsylvania Steel Equipment Trust bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago & Northwestern R.R. bonds, 
Indianapolis & Vincennes R.R. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Chicago & Northwestern R.R. bonds, 
Central R.R. of New Jersey bonds, . 
West Shore R.R. bonds, .... 
Western Pennsylvania R.R. bonds, . 
Lehigh Valley Terminal R.R. bonds, 
Lehigh Valley of N. Y. R.R. bonds, 
Cleve., Cin., Chic. & St. Louis R.R. bonds, 
Milwaukee, Lake Shore & West. R.R. bonds, 
Chic, Mil. & St. Paul R.R. bonds, . 
N. Y., N. H. & Hartford R.R. stock, 
Manhattan R'y Co. stock, . 
Baltimore & Ohio R.R. stock, . 
Union Pacific R.R. stock, . 
Pitts., Ft. Wayne & Chicago R.R stock, 
Underwriters 1 Salvage Asso. of N. Y. stock, 



Book Value. 

$499,661 16 

319,273 00 

103,235 00 

88,409 61 

96,962 50 

76,879 25 

71,135 15 

67,598 58 

117,514 87 

56,930 54 

54,613 20 

51,175 00 

51,241 97 

52,246 32 

50,000 00 

45,521 91 

28,604 54 

25,609 28 

121,750 00 

65,062 50 

23,606 25 

22,418 75 

23,850 00 

1,000 00 



:l,495,284 00 
167,638 00 



Market Value. 

$547,350 00 

303,500 00 

101,750 00 

103,125 00 

96,000 00 

84,000 00 

74,725 00 

72,150 00 

126,225 00 

65,562 50 

63,875 00 

53,500 00 

52,000 00 

56,500 00 

53,500 00 

51,000 00 

32,062 50 

29,156 25 

107,800 00 

72,125 00 

22,562 50 

22,375 00 

26,850 00 

1,000 00 



$2,114,299 38 $2,218,693 75 



HAMBURG-BREMEN FIRE INSURANCE CO. 409 



UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE 
INSURANCE COMPANY," HAMBURG, GERMANY. 

Deposit Capital, $200,000. 

F. O. AFFELD, United States Manager. 

Office, 19 Liberty Street, New York, N. Y. 

Income. 

Net fire premiums, $1,697,431 26 

Interest on collaterals, $ 185 . 35 ; stocks and bonds, $55,430 . 52 ; 

all other, $2,954.77, 58,570 64 

Profit on sale or maturity of ledger assets, .... 59 26 

Total income, $1,756,061 16 

Ledger assets, Dec. 31, 1902, 1,623,005 75 



Total, $3,379,066 91 

Disbursements. 

Net amount paid for fire losses, $855,318 92 

Commissions or brokerage, 353,710 59 

Salaries, fees, etc., of officers and employees, .... 131,231 51 

Rents, 14,063 23 

Taxes and fees, 39,843 01 

Loss on sale or maturity of ledger assets, .... 7,752 61 

Remitted to home office, 105,054 75 

All other disbursements, 92,601 32 



Total disbursements, $1,599,575 94 



Balance, $1,779,490 97 

Ledger Assets. 

Bonds (schedule A), $1,564,920 72 

Cash in banks, 58,477 39 

Agents 1 balances, 156,092 86 



Total ledger assets, .' . . -. . . .$1,779,490 97 

Non-Ledger Assets. 

Interest due and accrued on bonds, 19,715 00 

Market value of bonds over book value, 37,410 53 



Gross assets, $1,836,616 50 

Assets not admitted. 

Cash not in control of trustees, . . . $53,477 39 

Bonds not in control of trustees, . . . 14,325 00 

Agents' balances over three months due, . . 2,438 55 

Special deposits less $59,549.42 liab. thereon, . 38,531 83 

Total unadmitted assets, .... 108,772 77 

Total admitted assets, $1,727,843 73 



410 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $17,500 resisted, $109,780 ; less rein- 
surance, $ 5,180, $104,600 00 

Unearned premiums on outstanding risks, .... 1,292,885 25 



All liabilities, except capital and surplus, . . . $1,397,485 25 
Surplus to policy holders, .... $330,358 48 

Deposit capital 200,000 00 

Surplus over capital and general liabilities, .... 130,358 48 

Total liabilities, $1,727,843 73 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$189,041,927 00 $2,414,243 08 
149,486,017 00 2,048,231 39 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$338,527,944 00 $4,462,474 47 
133,792,401 00 1,834,231 94 



$204,735,543 00 $2,628,242 53 
7,060,910 00 90,933 87 



$197,674,633 00 $2,537,308 66 



Miscellaneous. 
Fire losses incurred during the year, 



$850,254 00 



Schedule A. 
Bonds owned by the Company. 



United States bonds, .... 

Georgia State bonds, 

N. Y. city additional water stock bonds 

New York city bonds, 

Portland City, Oregon, bonds, . 

Providence City, R. I., bonds, . 

Richmond City, Va., bonds, 

St. Louis City, Mo., bonds, 

Edison Elec. Illuminating Co. of N. Y. bonds 

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

Baltimore & Ohio R.R. bonds, . 

Beech Creek R.R. bonds, . 

Central of Georgia R.R. bonds, 

Central Pacific R'y Co. bonds, . 

Chicago & Alton R'y Co. bonds, 

Chic, Milwaukee & St. Paul R.R. bonds, 

Cin., Indianapolis, St. Louis & Chic. R.R. b'ds, 

Denver & Rio Grande R.R. bonds, . 

East Tenn., Virginia & Georgia R.R. bonds 

Erie R.R. Co. bonds, . 

Illinois Central R.R. bonds, 

Lake Erie & Western R.R. bonds, 

Long Island R.R. bonds, . 

Louisville & Nashville R.R. bonds, 



Book Value. 

$109,411 83 
10,671 80 
127,400 00 
211,840 00 
54,910 70 
27,875 00 
29,246 00 
24,437 50 
20,716 00 
50,500 00 
42,015 00 
20,005 00 
34,060 00 
29,799 
23,475 
54,611 
29,776 
44,752 
25,990 00 
49,000 00 
47,471 50 
32,481 00 
33,447 50 
30,300 00 



00 
00 
34 
00 
00 



Market Value. 

$110,775 00 
11,250 00 
127,400 00 
209,925 00 
56,000 00 
26,937 50 
28,731 25 
25,000 00 
20,466 67 
49,000 00 
42,187 50 
20,900 00 
34,325 00 
29,275 
22,275 
56,137 
29,800 
48,875 
29,166 
48,437 
48,187 
34,650 
34,725 
32,937 



00 
00 
50 
00 
00 
67 
50 
50 
00 
00 
50 



LAW, UNION AND CROWN INSURANCE CO. 411 



Missouri, Kas. & Texas R.R. Co. bonds, . 
Missouri Pacific ITy Co. bonds, 
N. Y., Chicago & St. Louis R.R. bonds, . 
Northern Pacific R.R. Co. bonds, . . x. 
Oregon R'y & Navigation Co. bonds, 

Pennsylvania Co. bonds, 

Pennsylvania R.R. bonds, 

Pitts., Cin , Chicago & St. Louis R.R. bonds, . 
Read. Co. & The Phila. & Read. C. & I. Co. b'ds, 
St. Louis & San Francisco R.R. bonds, 
St. Paul, Minneapolis & Manitoba R.R. bonds, 
Scioto Valley & New England R.R. bonds, 

Union Pacific R.R. bonds, 

Wabash R.R. bonds, 



Boot Value. 


Market Value. 


f-41,576 00 


|43,443 75 


10,283 00 


10,283 33 


27,142 00 


30,600 00 


26,512 00 


30,525 00 


21,331 50 


24,572 92 


31,762 50 


32,475 00 


26,205 00 


26,533 33 


33,114 00 


32,512 50 


28,612 50 


28,575 00 


15,530 00 


16,500 00 


30,182 30 


32,212 50 


21,750 00 


29,500 00 


30,450 00 


30,337 50 


53,277 75 


56,895 83 


$1,564,920 72 f 


11,602,331 25 



UNITED STATES BRANCH OF THE "LAW, UNION AND CROWN 
INSURANCE COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
HALL & HENSHAW, United States Managers. 

Office, 35 Pine Street, New York City. 

Income. 

Net fire premiums, $369,800 65 

Interest on stocks and bonds, $19,548.94; all other, $110.30, 19,659 24 

Profit on sale or maturity of ledger assets, .... 3,450 00 

Received from home office, 168,563 27 



Total income $561,473 16 

Ledger assets, Dec. 31, 1902 695,911 75 



Total, $1,257,384 91 

Disbursements. 

Net amount paid for fire losses, $170,715 11 

Commissions or brokerage, 100,787 77 

Salaries, fees, etc., of officers and emplo}*ees, .... 8,936 35 

Rents, . 1,249 92 

Taxes and fees, 9,942 64 

Remitted to home office, 73,516 06 

All other disbursements, 10,569 37 

Total disbursements, $375,717 22 

Balance, $881,667 69 

Ledger Assets. 

Stocks and bonds (schedule A), $793,302 50 

Cash in banks, 26,079 86 

Agents 1 balances, 62,285 33 

Total ledger assets, $881,667 69 



412 



LAW, UNION AND CROWN INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On bonds, $8,094. 17 ; other assets, $87.02, 



$8,181 19 



Gross assets, $889,848 88 



Assets not admitted. 

Cash not in control of trustees, . . . . $26,079 86 

Agents' balances over three months due, . 47 00 

Special deposits less $12,136.25 liab. thereon, . 108,938 75 

Depreciation in book value of stocks and bonds, 35,600 00 

Total unadmitted assets, .... 



Total admitted assets, 



170,665 61 
$719,183 27 



Liabilities. 

Unpaid losses, including $11,381.25 resisted, $33,124. 77 ; less 

reinsurance, $3,473.50, 

Unearned premiums on outstanding risks, .... 
Due for return premiums, $1,006 ; reinsurance, $6,606 . 77, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, ....... 

Surplus over capital and general liabilities, . 



$447,667 99 



$29,651 27 

234,251 24 

7,612 77 

$271,515 28 

200,000 00 
247,667 99 



Total liabilities, $719,183 27 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Total, 

Risks expired and terminated, . 

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

Net amount in force, . 



.$38,273,079 00 
. 45,101,678 00 



. $83,374,757 00 

. 40,300,825 00 

.$43,073,932 00 

. 4,131,135 00 



Premiums. 

$456,951 32 
536,855 29 

$993,806 61 
474,781 12 

$519,025 49 
53,786 93 



. $38,942,797 00 $465,238 56 



Miscellaneous. 
Fire losses incurred during the year, 



$174,145 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

City of New York bonds, $418,521 25 

City of Portland, Ore., bonds, 



City of Richmond bonds, . 

State of Georgia bonds, . 

Illinois Central R.R. bonds, 

Pitts., Cin., Chic. & St. Louis R.R. bonds, 



60,842 00 
53,967 50 
10,815 00 
20,300 00 
39,025 00 



Market Value. 

$394,390 00 

58,000 00 

52,250 00 

10,825 00 

20,400 00 

38,150 00 



LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 413 



Standard Gas Light Co. of N. Y., bonds, . 
500 shares Chicago, Gt. Western R.R., . 
300 " Allegheny & Western R.R., . 

800 " Pennsylvania R.R 

25 " Pitts., Ft. Wayne & Chicago R.R., 
125 " Rensselaer & Saratoga R.R., . 



Book Value. 

$23,200 00 
45,000 00 
44,468 75 
47,853 00 
4,350 00 
24,960 00 



Market Value. 

|22,000 00 
42,000 00 
42,000 00 
47,600 00 
4,587 50 
25,500 00 



$793,302 50 $757,702 50 



UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 
HENRY W. EATON, United States Manager. 

Office, 45 William Street, New York, N. Y. 

Income. 

Net fire premiums, $6,857,553 74 

Deposit premiums on perpetual risks, 4,329 02 

Interest on mortgage loans, $130,140.64; stocks and bonds, 

$130,418.33; all other, $25,099.71, 285,658 68 

Rents, including company's own occupancy, .... 96,441 68 

Profit on sale or maturity of ledger assets, .... 35,380 80 

Received from home office, 5,817 58 

From all other sources, 1,391 36 



Total income, $7,286,572 86 

Ledger assets, Dec. 31, 1902, 10,881,301 27 



Total, 



18,167,874 13 



Disbursements. 



Net amount paid for fire losses, .... 

Deposit premiums returned, 

Commissions or brokerage, 

Salaries, fees,' etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Real estate taxes, $30,880.17; other taxes and fees, $143, 

329.57, 

Loss on sale or maturity of ledger assets, 

Remitted to home office, 

Expenditure life account, 

All other disbursements, 



Total disbursements, 
Balance, 



$3,476,815 

17,472 

1,129,875 

377,131 

57,757 



10 
82 
76 
05 
86 



174,209 74 

8,611 45 

619,593 85 

10,630 66 

377,150 25 

. $6,249,248 54 

$11,918,625 59 



Ledger Assets. 



Real estate, $1,827,751.08; mortgages,* $3,498,750, . . $5,326,501 08 

Stocks and bonds (schedule A), 3,706,738 59 

Cash in banks and office, 1,317,133 34 

Agents' balances, 1,568,252 58 



Total ledger assets, 



$11,918,625 59 



* Value of land, $3,085,250; buildings, $3,084,953; insurance thereon, $1,343,500. 



414 LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $45,435.05; other assets, $188.90, . 
Rents accrued on company's property, . 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Premiums due on perpetual policies, 

Gross assets, 



$45,623 95 

10,000 00 

38,261 92 

60,667 66 

2,343 02 

$12,075,522 14 



Assets not admitted. 

Cash not in control of trustees, . . . $136,133 34 

Real estate not in control of trustees, . . 553,188 08 

Agents' balances over three months due, . 18,603 64 

Special deposits less $241,833.37 liab. thereon, 43,460 38 

Total unadmitted assets, .... ■ 

Total admitted assets, j 



751,385 44 
.1,324,136 70 



Liabilities. 

Unpaid losses, including $57,250 resisted, $1,181,046.53 
less reinsurance, $429,835.89, 

Unearned premiums on outstanding risks, $5,274,438. 14 ; plus 
same on disallowed reinsurance, $82,347.28, 

Reclaimable on perpetual fire policies, . . 

Commissions and other charges due agents and brokers, 

Due for return premiums, $60,000 ; reinsurance, $227,122.53 

Reserve on life policies, 

Due for contingent commissions, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $4,345,413 27 

Deposit capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$751,210 64 

5,356,785 42 

278,323 80 

225,560 28 

287,122 53 

59,720 76 

20,000 00 



£6,978,723 43 

200,000 00 
4,145,413 27 

$11,324,136 70 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 



Risks and Premiums. 

Premiums. 

$1,089,814,170 00 $11,104,166 23 
995,384,801 00 10,552,180 75 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$2,085,198,971 00 $21,656,346 98 
883,705,407 00 9,158,681 45 



,201,493,564 00 $12,497,665 53 
242,935,652 00 2,323,599 48 



$958,557,912 00 $10,174,066 05 



Perpetual risks in force (not included above), $9,187,761 00 $292,972 42 



Miscellaneous. 
Fire losses incurred during the year, 



. $3,603,888 00 



LONDON ASSURANCE CORPORATION. 



415 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, .... 

State of New York bonds, 

City of Richmond bonds, . 

City of Boston bonds, 

Bernalillo Co. New Mexico bonds, . 

New Mexico territorial bonds, . 

City of New York bonds, . 

Atchison, Topeka & Santa Fe R.R. bonds 

Northern Pacific R'y bonds, 

Union Pacific R.R. bonds, . 

St. Louis, Iron Mt. & Southern R'y bonds 

Atlantic Coast Line R.R. bonds, 

Cleve., Col., Cin. & Ind. R.R. bonds, 

Illinois Central R.R. stock, 

Baltimore & Ohio R.R. stock, . 

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



Book Value. 

11,130,940 05 

103,836 94 

5,218 56 

184,303 04 

5,470 74 

5,800 90 

1,058,375 53 

103,216 33 

104,399 15 

105,613 90 

170,731 34 

246,500 00 

123,375 00 

59,544 61 

71,862 50 

227,550 00 



Market Value. 

51,311,180 00 

103,250 

6,100 

187,425 

5,806 

6,325 

1,029,740 

99,000 00 

102,750 00 

103,125 

167,250 

231,875 

121,500 

57,680 

23,200 



00 
00 
00 
25 
00 
00 



00 
00 
00 
00 
00 
00 



211,200 00 



$3,706,738 59 $3,767,406 25 



UNITED STATES BRANCH OF THE "LONDON ASSURANCE 
CORPORATION," LONDON. 

[FIRE BRANCH.] 

Deposit Capital, $200,000. 

CHAS. L. CASE, United States Manager. 

Office, 44 Pine Street, New York, N. Y. 



Income. 



Net fire premiums, . 
Interest on bonds, 
Received from home office, 

Total income, 
Ledger assets, Dec. 31, 1902, . 



$1,405,620 09 

69,504 77 

5,944 70 

$ 1,481,069 56 

2,146,565 22 



Total, $3,627,634 78 



Disbursements. 

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

Rents, 

Taxes and fees, 

Remitted to home office, 

All other disbursements, 



Total disbursements, . 
Balance, 



$673,184 29 
256,044 59 
111,865 12 
14,724 91 
41,080 43 
255,357 98 
103,654 22 

$1,455,911 54 

$2,171,723 24 



416 LONDON ASSURANCE CORPORATION. 



Ledger Assets. 

Bonds (schedule A) $1,717,526 13 

Cash in banks and office, 233,971 06 

Agents' balances, 220,226 05 



Total ledger assets, $ 2,171,723 24 

Assets not admitted. 

Cash not in control of trustees, . . . $8,066 66 

Agents 1 balances over three months due, . 2,240 70 

Special deposits less $116,625.53 liab. thereon, 110,074 47 
Depreciation in book value of bonds, . . 56,479 88 

Total unadmitted assets, .... 176,861 71 



Total admitted assets, $1,994,861 53 

Liabilities. 

Unpaid losses, including $16,977 resisted, $99,504 ; less re- 
insurance, $7,951.50, $91,552 50 

Unearned premiums on outstanding risks, $1,163,628. 83 ; plus 

same on disallowed reinsurance, $1,982.50, . . . . 1,165,611 33 

Commissions and other charges due agents and brokers, . 14,133 10 

Due for reinsurance premiums, 11,562 78 



All liabilities, except capital and surplus, . . . $1,282,859 71 
Surplus to policy holders, .... $712,001 82 

Deposit capital 200,000 00 

Surplus over capital and general liabilities, .... 512,001 82 



Total liabilities, $1,994,861 53 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

$222,650,449 00 $2,370,339 03 
. 124,474,433 00 1,903,503 40 



$347,124,882 00 $4,273,842 43 
. 122,100,184 00 1,772,831 46 



$225,024,698 00 $2,501,010 97 
. 20,461,244 00 225,010 82 



Net amount in force, .... $204,563,454 00 $2,276,000 15 

Miscellaneous. 

Fire losses incurred during the year, $667,193 00 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds $538,150 00 $510,887 50 

Baltimore & Ohio R.R. bonds 21,670 00 22,220 00 

Brooklyn Union Gas Co. bonds, . . 34,500 00 33,825 00 



LONDON ASSURANCE CORPORATION. 



417 



Carthage, Watert'n & Sacketts H. R.R. bonds, 

Central Union Gas Co. bonds, . 

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

Chicago, St. Louis & New Orleans R.R. loan, 

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

City of New York bonds, . 

City of Richmond (Va.), bonds, 

Erie R.R. Co. bonds, 

Lehigh Valley R'y Co. bonds, . 

Long Island R.R. bonds, . 

Louisville & Nashville R.R. bonds, 

Milwaukee, Lake Shore & West. R.R. bonds, 

N. Y. Gas & Elec. Light, £Tt & P'r Co. bonds 

New Amsterdam Gas Co. bonds, 

Northern Pacific-Great Northern joint bonds, 

Oregon Short Line R.R. Co. bonds, . 

Pitts., Cin., Chicago & St. Louis bonds, . 

Read. Co. & Phila. & Read. C. & I. Co. bonds 

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

Scioto Valley & New England R.R. bonds, 

United States Mortgage & Trust Co. bonds, 



Book Value. 


Market Value. 


$58,500 00 


$58,250 00 


51,000 00 


52,750 00 


57,750 00 


57,156 25 


9,920 00 


9,420 00 


49,067 50 


49,000 00 


224,794 05 


203,780 00 


50,000 00 


51,500 00 


47,575 00 


45,000 00 


31,500 00 


32,100 .00 


116,820 00 


116,325 00 


31,250 00 


31,687 50 


33,750 00 


33,000 00 


48,452 50 


45,750 00 


25,367 08 


24,265 00 


53,760 00 


52,430 00 


95,000 00 


92,000 00 


28,250 00 


27,375 00 


12,600 00 


14,625 00 


33,750 00 


33,000 00 


29,100 00 


29,700 00 


35,000 00 


35,000 00 


$1,717,526 13 $1,661,046 25 



UNITED STATES BRANCH OF THE "LONDON ASSURANCE 
CORPORATION," LONDON. 

[MARINE BRANCH.] 

Deposit Capital, $300,000. 
PERCY CHUBB & SON, United States Managers. 

Office, 5-7 South William Street, New York, N. Y. 



Income. 

Net marine premiums, $409,325 77 

Interest on bonds, $16,925; all other, $1,434.22, . . . 18,359 22 

From all other sources, " 10 00 

Total income, $427,694 99 

Ledger assets, Dec. 31, 1902, 564,781 38 

Total, $992,476 37 



Disbursements. 

Net amount paid for marine losses, $206,061 94 

Commissions or brokerage, 87,853 28 

Taxes and fees, 17,847 19 

Remitted to home office, , 72,836 53 

All other disbursements, 12,740 40 

Total disbursements, $397,339 34 

Balance, $595,137 03 



418 LONDON ASSURANCE CORPORATION. 



Ledger Assets. 

Bonds (schedule A), $460,000 00 

Cash in banks and office, 54,566 98 

Agents 1 balances, 80,570 05 



Total ledger assets, 8595,137 03 

Non-Ledger Assets. 
Interest accrued : — 

On bonds, $5,914.59; other assets, $272.40, .... $6,18699 

Market value of bonds over book value, 12,017 50 

Reinsurance due for losses paid, 38,058 10 



Gross assets, $651,399 62 

Assets not admitted. 

Cash not in control of trustees, . . . $43,419 43 

Agents' balances over three months due, . . . 5,027 93 

Reinsurance due for losses paid, . . . 38,058 10 

Agents 1 balances'jin excess of unearned prems., 12,409 62 

Total unadmitted assets, .... 98,915 08 



Total admitted assets, $552,484 54 

Liabilities. 

Unpaid losses, less reinsurance, $21,100, $60,500 00 

Unearned premiums on outstanding risks, $63,132.50; plus 

same on disallowed reinsurance, $24,468.10, . . . 87,600 60 

Salaries and other miscellaneous expenses, due or accrued, . 16,601 57 

Commissions and other charges due agents and brokers, . 12,913 67 

Due for return premiums, $12.94; reinsurance, $38,855.30, . 38,868 24 



All liabilities, except capital and surplus, . . . $216,484 08 
Surplus to policy holders, .... $336,000 46 

Deposit capital 300,000 00 

Surplus over capital and. general liabilities, .... 36,00046 

Total liabilities, $552,484 54 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

.$21,914,891 00 $102,574 13 
. 174,754,651 00 906,306 44 



$196,669,542 00 $1,008,880 57 
. 182,293,273 00 884,120 91 



. $14,376,269 00 $124,759 66 
. 3,247,966 00 42,469 29 



Net amount in force, $11,128,303 00 $82,290 37 

Miscellaneous. 
Marine and inland losses incurred during the year, . . $210,197 00 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 



419 



Schedule A. 

Bonds owned by the Company. 



Boston city bonds, 

Brooklyn city bonds, .... 

New York city bonds, .... 
Cleve , Cin., Chicago & St. Louis R R. bonds, 
Chicago & Erie R.R bonds, 
Chesapeake & Ohio R R. bonds, 



Book Value. 

f 100,000 00 

100,000 00 

110,000 00 

50,000 00 

50,000 00 

50,000 00 



Market Value. 

$101,125 00 
97,000 00 
109,0b0 00 
49,000 00 
58,625 00 
57,187 50 



|460,000 00 $472,017 50 



UNITED STATES BRANCH OF THE "LONDON AND LANCASHIRE 

FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 

ARCHIBALD G. McILWAINE, Jr., United States Manager. 

Office, 57-59 William Street, New York, N. Y. 



Income. 



Net fire premiums, 

Interest on stocks and bonds, $68,614.53 ; all other, $334.52, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1902, 



$1,906,463 79 

68,949 05 

18,306 51 

1,609 23 

$1,995,328 58 

2,662,577 97 



Total, $4,657,906 55 

Disbursements. 

Net amount paid for fire losses, $853,266 57 

Commissions or brokerage, 454,165 57 

Salaries, fees, etc., of officers and employees, .... 143,086 23 

Rents, including company's own occupancy, .... 22,485 22 

Repairs and expenses on real estate, 11,360 10 

Real estate taxes, $4,20 1.41; other taxes and fees, $54,427 . 63, 58,629 04 

Remitted to home office, 258,713 90 

All other disbursements, 101,805 96 

$1,903,512 59 



Total disbursements, 
Balance, 



Ledger Assets. 



Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Cash in hands of trustees, 
Cash in hands of special agents, 
Agents 1 balances, 
Bills receivable, not matured, . 
Balances due from other companies, 

Total ledger assets, . 



. $2,754,393 96 



$300,000 00 

1,874,408 07 

177,384 11 

75,000 00 

823 29 

299,941 59 

2,326 81 

24,510 09 

$2,754,393 96 



420 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due artd accrued : — 
On bonds, $26,172.50 ; other assets, $ 2,669.79, 
Rents due and accrued on company's property, 
Market value of stocks and bonds over book value, 
All other, 



Gross assets, 



$28,842 29 

1,645 04 

8,181 43 

15,222 61 

$2,808,285 33 



Assets not admitted. 



Cash not in control of trustees, 
Interest and rents not in control of trustees, 
Agents' balances over three months due, . 
Special deposits less $116,406.46 liab. thereon 
Balances due from other companies, 
Total unadmitted assets, . 



$178,207 40 

4,314 83 

5,492 81 

157,293 54 

24,510 09 



369,818 67 



Total admitted assets, 



. $2,438,466 66 



Liabilities. 



Unpaid losses, including $22,437.22 resisted, $136,095.13; 

less reinsurance, $19,816.11, 

Unearned premiums on outstanding risks, $1,647,065.51 ; plus 

same on disallowed reinsurance, $55,521.29, 
Due for return premiums, $1,943.65 ; reinsurance, $32,338.42, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, . 



$585,318 77 



$116,279 02 

1,702,586 80 
34,282 07 

51,853,147 89 

200,000 00 
385,318 77 



Total liabilities, $2,438,466 66 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



Premiums. 

$388,436,717 00 $3,554,327 60 
. 259,458,581 00 2,769,461 23 



$647,895,298 00 $6,323,788 83 
. 265,083,101 00 2,611,207 03 



$382,812,197 00 $3,712,581 80 
. 45,844,465 00 468,391 50 



Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 



$336,967,732 00 $3,244,190 30 
. $844,058 00 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $235,680 36 $261,852 50 

Atlantic Coast Line Cons, mortgage bonds, . 23,250 00 22,666 67 



MANCHESTER ASSURANCE CO. 



421 



Baltimore & Ohio R.R. bonds, . 
Beech Creek R.R. Co. bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
Chicago, Burlington & Quincy bonds, 
Chicago, Mil. & St. Paul R'y Co. bonds, . 
Chicago, Rock Island & Pacific R'y Co. bonds 

Chicago & Erie bonds 

Cincinnati, Dayton & Ironton bonds, 
Cin., Indian , St. Louis & Chic. R'y Co. bonds 
Delaware & Hudson Canal Co. bonds, : 
Flint & Pere Marquette bonds, 
Illinois Central R.R. Co. bonds, 
Lake Erie & Western R.R. Co. bonds, 
Lehigh Valley R.R. Co. (N. Y.) bonds, . 
Milwaukee, Lake Shore & Western bonds, 
N. Y. Central & Hudson River bonds, 
N. Y., Chicago & St. Louis R'y Co. bonds, 
N. Y., Sus. & Western bonds, . 
Philadelphia & Reading Terminal bonds, 
St. Louis, Iron Mt. & Southern R'y Co. bonds 
St Paul, Minn. & Manitoba bonds, . 
Missouri Pacific R.R. Co. bonds, 
Richmond & Danville R.R. Co. bonds, 
Southern R'y Co. bonds, . 
State of Georgia bonds, 
State of Massachusetts bonds, . 
Grant County (New Mexico) R.R. bonds 
New York city bonds, 
City of Richmond (Va.) bonds, 
111 shares Baltimore & Ohio R.R. Co., 
83 " Milwaukee Underwriters' Asso 
10 " Underwriters' Salvage Co., 



25 

50 
00 
00 



Book Value. 

$138,262 50 
27,527 45 
71,294 87 
27,263 25 
82,906 
117,902 
11,025 
19,400 
95,964 44 
31,293 75 
25,000 00 
104,582 00 
56,780 00 
25,837 50 
55,993 75 

2,400 00 
50,862 50 

1,800 00 

6,700 00 
56,503 50 
81,559 50 
119,250 00 
21,762 50 
56,312 50 
23,079 99 
28,625 00 
10,700 00 
205,524 96 
49,603 50 

8,677 50 
83 00 

1,000 00 



Market Value. 

$133,612 50 
27,270 00 
74,770 83 
27,400 00 
79,165 00 
107,100 00 
11,416 66 
22,233 34 
98,333 33 
32,916 67 
26,291 66 
103,333 34 
56,750 00 
25,687 50 
61,178 33 

5,012 50 
50,500 00 

3,165 00 
12,116 67 
54,375 00 
78,562 50 
115,000 00 
21,350 00 
55,250 00 
21,950 00 
26,062 50 

9,650 00 

198,000 00 

49,000 00 

9,534 00 
83 00 

1,000 00 



,874,408 07 $1,882,589 50 



UNITED STATES BRANCH OF THE "MANCHESTER ASSURANCE 
COMPANY," MANCHESTER, ENGLAND. 

Deposit Capital, $200,000. 

GEO. S. A. YOUNG, United States Manager. 

Office, 49 Wall Street, New York, N. Y. 



Income. 

Net fire premiums, $1,381,385 13 

Interest on stocks and bonds, 56,830 72 

Received from home office, 75,556 25 

From all other sources, 586 97 

Total income, $1,514,359 07 

Ledger assets, Dec. 31, 1902, 1,797,796 10 



Total, . 



. $3,312,155 17 



422 



MANCHESTER ASSURANCE CO. 



Disbursements. 

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

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
Remitted to home office, ..... 
All other disbursements, 

Total disbursements, 

Balance, . 



$748,904 56 

337,882 84 

110,069 62 

13,062 76 

41,892 34 

301 67 

245,484 55 

88,508 73 

$1,586,107 07 

$1,726,048 10 



Ledger Assets. 



Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' balances, 
Bills receivable, 

Total ledger assets, . 



1 1,200 00 

1,409,948 35 

104,302 13 

210,256 20 

341 42 

f 1,726,048 10 



Non-Ledger Assets. 

Interest due and accrued on bonds, . 

Market value of real estate over book value, . 

Reinsurance due on losses paid, 



13,454 17 

800 00 

67 98 



Gross assets, 



1,740,370 25 



Assets not admitted. 

Cash not in control of trustees, . . . $ 4,182 32 

Agents' balances over three months due, . 4,459 98 

Bills receivable, past due, .... 341 42 

Special deposits less |92,724.97 liab. thereon,. 134,375 03 

Depreciation in book value of stocks and bonds, 1,688 35 

Total unadmitted assets, .... 



145,047 10 



To'tal admitted assets, 



. fl,595,323 15 



Liabilities. 

Unpaid losses, including $22,742 resisted, $118,125.95 ; less 
reinsurance, $13,177.05, 

Unearned premiums on outstanding risks, $ 1,033,916.91 ; plus 
same on disallowed reinsurance, $7,786.27, . 

Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, ...... 

Surplus over capital and general liabilities, 

Total liabilities, 



$427,890 20 



$104,948 90 

1,041,703 18 
20,780 87 



,167,432 95 

200,000 00 
227,890 20 



. $1,595,323 15 



MANNHEIM INSURANCE CO. 



423 



Fire risks outstanding Dec. 31, 1902, 
Fire risks written during 1903, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

$195,573,362 00 $2,302,430 97 
151,364,929 00 1,965,231 33 



$346,938,291 00 $4,267,662 30 
157,515,296 00 1,952,123 75 



$189,422,995 00 $2,315,538 55 
20,527,787 00 268,796 12 



f 168,895,208 00 $2,046,742 43 



Miscellaneous. 
Fire losses incurred during the year, .... 

Schedule A* 
Stocks and Bonds owned by the Company. 



Pennsylvania R.R. Co. stock, . 

City of New York consolidated stock, 

United States bonds, ... 

Portland, Ore., water bonds, 

City of Brooklyn bonds, .... 

District of Columbia bonds, 

Baltimore & Ohio R.R. bonds, . 

Burl., Cedar Rapids & Northern R.R. bonds, 

Central Pacific R'y bonds, 

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

Illinois Central R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

Northern Pacific R R. bonds, . 

Pennsylvania Co. bonds, .... 

Pennsylvania R R. equipment bonds, 

St. Lo., Iron Mt. & Southern R'y Co. bonds, 

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

Wheeling & Lake Erie R.R. bonds, . 

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



Book Value. 

$91,980 00 

202,000 00 

184,496 75 

57,125 00 

200,000 00 

21,600 00 

10,620 00 

41,000 00 

76,031 25 

145,585 00 

25,750 00 

25,250 00 

67,879 00 

61,050 00 

20,200 00 

27,906 25 

26,000 00 

25,475 10 

100,000 00 



$730,057 00 



Market Value. 

$79,980 00 

200,000 00 

185,500 00 

57,500 00 

200,000 00 

24,200 00 

10,500 00 

46,400 00 

75,000 00 

144,900 00 

25,500 00 

27,500 00 

70,380 00 

59,400 00 

20,600 00 

27,500 00 

27,000 00 

26,400 00 

100,000 00 



$1,409,948 35 $1,408,260 00 



UNITED STATES BRANCH OF THE " MANNHEIM INSURANCE 
COMPANY," MANNHEIM, GERMANY. 

Deposit Capital, $300,000. 
FRANZ HERRMANN, United States Manager. 

Office, 79 Wall Street, New York, N. Y. 



Income. 



Net marine premiums, 
Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1902, 



$723,794 47 
11,750 00 

$735,544 47 
475,842 24 



Total, . 



,211,386 71 



424 MANNHEIM INSURANCE CO. 



Disbursements. 

Net amount paid for marine losses, $386,521 67 

Commissions or brokerage, 115,961 56 

Salaries, fees, etc., of officers and employees, .... 34,878 64 

Rents, 4,033 32 

Taxes and fees 16,732 43 

Remitted to home office, 103,690 74 

All other disbursements, 30,339 61 



Total disbursements, $692,157 97 



Balance $519,228 74 

Ledger Assets. 

Bonds (schedule A), $382,375 00 

Cash in banks and office 39,098 02 

Agents 1 balances, 94,534 06 

Bills receivable, not matured, 3,221 66 



Total ledger assets, $519,228 74 

Assets not admitted. 

Cash not in control of trustees, . . . $39,098 02 

Agents' balances over three months due, . 2,892 42 

Depreciation in book value of bonds, . . 10,375 00 

Total unadmitted assets, .... 52,365 44 



Total admitted assets, $466,863 30 

Liabilities. 

Unpaid losses, $45,139.18; less reinsurance, $1,087.21, . . $44,051 97 
Unearned premiums on outstanding risks, $98,004.35; plus 

same on disallowed reinsurance, $359.36, .... 98,363 71 

Commissions and other charges due agents and brokers, . 4,089 79 

Due for reinsurance premiums, 17,207 05 

All liabilities, except capital and surplus, . . . $163,712 52 
Surplus to policy holders, .... $303,150 78 

Deposit capital 300,000 00 

Surplus over capital and general liabilities, . . . . 3,150 78 

Total liabilities, $466,863 30 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



Premiums. 

.$21,713,370 00 $186,902 03 
. 206,048,174 00 938,559 42 



$227,761,544 00 $1,125,461 45 
. 207,149,759 00 958,865 31 



.$20,611,785 00 $166,596 14 
714,604 00 1,835 98 



Net amount in force, $19,897,18100 $164,760 16 



THE MARINE INSURANCE CO. (LIMITED). 425 

Miscellaneous. 
Marine and inland losses incurred during the year, . . $389,466 00 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

New York city stock, $330,000 00 $320,500 00 

Union Pacific R.R. Co. bonds, .... 52,375 00 51,500 00 



$382,375 00 $372,000 00 



UNITED STATES BRANCH OF "THE MARINE INSURANCE 
COMPANY" (LIMITED), LONDON, ENGLAND. 

Deposit Capital, $300,000. 

PERCY CHUBB & SON, United States Managers. 

Office, 15 Exchange Place, Jersey City, N. J. 

Income. 

Net marine premiums, $628,447 83 

Interest on bonds, $15,391.20; all other, $1,409.76, . . 16,803 96 



Total income, $645,251 79 

Ledger assets, Dec. 31, 1902, 607,362 27 

Total $1,252,614 06 

Disbursements. 

Net amount paid for marine losses, $262,144 81 

Commissions or brokerage, 111,291 39 

Taxes and fees, 10,623 10 

Remitted to home office, 138,087 13 

All other disbursements, 13,168 76 

Total disbursements, $535,315 19 

Balance, $717,298 87 

Ledger Assets. 

Bonds (schedule A), $559,656 67 

Cash in banks, 53,660 26 

Agents' balances 92,086 22 

Bills receivable, not matured, 4,985 72 

Atlantic Mutual Insurance Co. scrip, 6,910 00 

Total ledger assets, $717,298 87 

Non-Ledger Assets. 
Interest accrued : — 

On bonds, $4,312.92; other assets, $414.60, .... 4,72752 

Reinsurance due on losses paid, 19,941 04 

Gross assets, . . . $741,967 43 



426 



THE MARINE INSURANCE CO. (LIMITED). 



Assets not admitted. 

Cash not in control of trustees, . . . $44,165 32 

Agents' balances over three months due, . 1,372 40 

Special deposits less $10,627 liab. thereon, . 99,373 00 

Depreciation in book value of bonds, . . 5,076 17 

Agents' balances in excess of unearned prem's, 43,618 39 

Reinsurance due on losses paid, . . . 18,428 30 

Total unadmitted assets, .... 



Total admitted assets, 



$212,033 58 
$529,933 85 



Liabilities. 

Unpaid losses, 567,200 ; less reinsurance, $6,700, . 
Unearned premiums on outstanding risks, $47,095.43; plus 
same on disallowed reinsurance, $1,900, .... 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for reinsurance premiums, 



All liabilities, except capital and surplus, 
Surplus to policy holders, 

Deposit capital, 

Surplus over capital and general liabilities, 



$356,744 57 



$60,500 00 

48,995 43 
10,073 68 
12,629 83 
40,990 34 

$173,189 28 

300,000 00 
56,744 57 



Total liabilities, $529,933 85 



Marine risks outstanding Dec. 31, 1902, 
Marine risks written during 1903, . 



Risks and Premiums. 

Premiums. 

.$28,839,383 00 $104,782 20 
1,038,208,208 00 1,017,892 86 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,067,047,591 00 $1,122,675 06 
1,023,506,301 00 1,015,493 25 



.$43,541,290 00 $107,181 81 
. 9,767,190 00 43,026 28 



. $33,774,100 00 $64,155 53 



Miscellaneous. 
Marine and inland losses incurred during the year, 



$274,045 00 



Schedule A. 

Bonds owned by the Company. 



New York city bonds, .... 

City of Cleveland, Ohio, bonds, 

Pennsylvania R.R. bonds, 

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

Canadian Northern R'y bonds, 

Denver & Rio Grande R.R. Co. bonds, 



Book Value. 

$330,281 25 

100,000 00 

64,375 42 

35,000 00 

5,000 00 

25,000 00 



Market Value. 

$318,274 25 

105,000 00 

65,650 00 

35,000 00 

5,000 00 

25,656 25 



$559,656 67 $554,580 50 



MOSCOW FIRE INSURANCE CO. 427 



UNITED STATES BRANCH OF THE "MOSCOW FIRE INSURANCE 
COMPANY, 1 ' MOSCOW, RUSSIA. 

Deposit Capital, $200,000. 
PAUL. E. RASOR, United States Manager. 

Office, 71 William Street, New York, N. T. 

Income. 

Net fire premiums, $403,405 12 

Interest on bonds, $25,042.50; all other, $808. 55, . . . 25,85105 

Received from home office, 9,565 75 

From all other sources, . . 21,377 27 

Total income . . . $460,199 19 

Ledger assets, Dec. 31, 1902, . . ... . . . 787,934 80 

Total, $1,248,133 99 

Disbursements. 

Net amount paid for fire losses, $280,203 22 

Commissions or brokerage, 108,725 59 

Salaries, fees, etc., of officers and employees, .... 850 00 

Taxes and fees, 1,489 48 

All other disbursements, 239 30 

Total disbursements, $391,507 59 

Balance, $856,626 -40 

Ledger Assets. 

Bonds (schedule A), $767,633 91 

Cash in banks, 55,602 91 

Agents' balances, 33,389 58 

Total ledger assets, $856,626 40 

Non-Ledger Assets. 

Interest accrued on bonds, 4,843 32 

Gross assets, . . . $861,469 72 

Assets not admitted. 

Depreciation in book value of bonds, 46,286 41 

Total admitted assets, $815,183 31 

Liabilities. 

Unpaid losses $63,043 97 

Unearned prerniums on outstanding risks, .... 276,985 82 

All liabilities, except capital and surplus, . , . $340,029 79 
Surplus to policy holders, .... $475,153 52 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 275,153 52 

Total liabilities $815,183 31 



428 MUNICH REINSURANCE CO. 



Risks and Premiums. 

i Premiums. 

Fire risks outstanding Dec. 31, 1902, . . $80,659,718 00 $778,793 68 

Fire risks written during 1903, . . . 43,454,761 00 519,458 61 



Total $124,114,479 00 $1,298,252 29 

Risks expired and terminated, .... 69,875,094 00 697,836 83 



In force at end of year, $54,239,385 00 $600,415 46 

Miscellaneous. 

Fire losses incurred during the year, $258,416 00 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $349,132 50 $332,145 00 

New York city corporate stock, . . . 227,386 20 208,565 00 

New York city consolidated stock, . . . 138,490 21 132,637 50 

City of Woonsocket, R. I., . . . . 52,625 00 48,000 00 



$767,633 91 $721,347 50 



UNITED STATES BRANCH OF THE "MUNICH REINSURANCE 
COMPANY," MUNICH, GERMANY. 

Deposit Capital, $200,000. 
CARL SCHREINER, United States Manager. 

Office, 346 Broadway, New York, N. Y. 

Income. 

Net fire premiums, $3,547,883 30 

Interest on stocks and bonds, 110,409 25 

Total income, $3,658,292 55 

Ledger assets, Dec. 31, 1902, 2,503,297 48 

Total, $6,161,590 03 

Disbursements. 

Net amount paid for fire losses, $1,663,179 39 

Commissions or brokerage, 1,072,044 01 

Salaries, fees, etc., of officers and employees, .... 14,819 00 

Taxes and fees, . 5,933 49 

Loss on sale or maturity of ledger assets, .... 16,808 76 

Remitted to home ofl&ce, . . . . . » . 43,59100 

All other disbursements, 9,658 23 

Total disbursements $2,826,033 88 

Balance, $3,335,556 15 



MUNICH REINSURANCE CO. 429 



Ledger Assets. 

Stocks and bonds (schedule A), $ 2,913,126 88 

Cash in banks, 274,800 62 

Agents 1 balances, 147,628 65 

Total ledger assets, $3,335,556 15 

Non-Ledger Assets. 
Interest accrued on bonds, 27,069 50 

Gross assets, $3,362,625 65 

Assets not admitted. 

Cash not in control of trustees, . . . $274,800 62 
Depreciation in book value of stocks and bonds, 59,711 88 

Total unadmitted assets, .... 334,512 50 

Total admitted assets, $3,028,113 15 

Liabilities. 

Unpaid losses, $472,116 00 

Unearned premiums on outstanding risks, .... 2,061,053 37 

All liabilities, except capital and surplus, . . . $2,533,169 37 
Surplus to policy holders, .... $494,943 78 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 294,943 78 

Total liabilities, $3,028,113 15 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1902, . $285,352,553 00 $3,362,085 59 
Fire risks written during 1903, . . . 378,244,019 00 4,373,896 68 

Total $663,596,572 00 $7,735,982 27 

Risks expired and terminated, .... 329,018,771 00 3,743,481 18 

In force at end of year, .... $334,577,801 00 $3,992,501 09 

Miscellaneous. 
Fire losses incurred during the year, $1,970,727 00 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Atchison, Topeka & Santa Fe R.R. bonds, . $46,718 75 $49,500 00 

Atlantic Coast Line R.R. bonds, . . . 70,125 00 69,750 00 

Baltimore & Ohio R.R. bonds, .... 66,079 38 66,750 00 

Birmingham, Ala., R'y, Lt. & Pow. Co. bonds, 10,012 50 10,350 00 



430 



MUNICH REINSURANCE CO. 



Brooklyn Union Elevated R'y bonds, 

Central of Georgia R'y bonds, . 

Chicago & Alton R.R. bonds, . 

Central Pacific R.R. bonds, ... 

Cin., Indianap., St. Louis & Chic. R.R. bonds, 

Chesapeake & Ohio R'y bonds, 

Chicago & Eastern Illinois R'y bonds, 

Chicago, Rock Island & Pacifi