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F. Albert Kurtz.

Twenty-Sixth Annual Report of the Insurance Commissioner of the State of Maryland, to His Excellency Lloyd Lowndes, Governor, June, 1st 1897. (Volume 1898)

. (page 11 of 38)


Bills receivable taken for premiums 1,569 27

All other assets as per detailed statement 1,845 43

Total admitted assets $1,585,889 30



108 Delaware insurance Co. of Philadelphia, Pa.



LiaMlities :

Losses reported, adjusted and unpaid § 56,660 00

Re-insurance reserve required by law 654,514 79

Unpaid dividends to stockholders 97 00

All other liabilities as per detailed statement on

file 17,173 75

Gross liabilities, exclusive of capital 728,445 54

Surplus as regards policj^ holders $857,443 76

Capital stock 702,875 00

Surplus over capital, including surplus of

assets not admitted in this State §154,568 76

Income during year :

Cash premiums received §759,045 93

Interest on mortgages 6,344 11

Interest on loans and dividends 46,966 23

From other sources 8,617 52

Actual cash income §820,973 79

Expenditures during year :

Amount paid for losses $370,673 33

Cash dividends 42,172 50

Commissions and brokerage 166,313 41

Salaries and fees , 70,688 04

Taxes paid 28,535 80

All other payments and expenses 64,334 30

Actual cash expenditures §742,717 38

Stocks and bonds in statement :

Par valve. Market value.

United States Government 5 per cent, registered

bonds §100,000 00 §114,000 00

State of Tennessee compromise bonds 31,300 00 25,353 00

State of Georgia bonds 25,000 00 25,250 00

City of Newark (N. J.) bonds 75,000 00 80,250 00

City of Richmond (Va.) bonds 37,000 00 37,000 00

City of Camden (N. J.) bonds 30,000 00 30,600 00

City of Springfield (111.) bonds . 25,000 00 26,500 00

Lehigh Valley R. R. Co. consolidated bonds 100,000 00 99,000 00

Philadelphia & Reading R. R. Co. first series 5s

bonds 100,000 00 101,750 00

Allentown Terminal R. R. Co. bonds 50,000 00 50,000 00

Pennsylvania & New York Canal & R. R. Co.

bonds 50,000,00 48,000 00



Delavmre Insurance Co. of Philadelphia^ Pa. 109



Stocks arid bonds in statement — Continued:

Par value. Market value.

Philadelphia & Reading R. R. Car Trust Loan

bonds §40,000 00 §40,000 00

Pittsburg, Youngstown & Ashtabula R. R. Co.

bonds 40,000 00 44,000 00

Baltimore Belt R. R. Co. bonds 40,000 00 37,000 00

Philadelphia, Wilmington & Baltimore R. R. Co.

trust certificates 30,000 00 30,900 00

Wilmington & Northern R. R. Co. bonds 25,000 00 25,740 00

Delano Land Co. mortgage bonds 30,000 00 30,750 00

St. Louis Merchants' Bridge Terminal Co. bonds 25,000 00 25,750 00

Brooklyn Wharf & Warehouse Co. bonds 20,000 00 19,800 00

Lehigh Valley R. R. Co. bonds 25,000 00 25,250 00

Peoples Passenger Ry. Co. trust certificates .... 20,000 00 19,300 00

Mortgage Trust Co. of Pennsylvania bonds 15,000 00 15,000 00

Peoples Passenger Railway Co. consolidated

mortgage bonds 10,000 00 10,800 00

Pennsylvania R. R. Co. stock 25,000 00 25,875 00

Philadelphia Bourse stock 1,000 00 200 00

Underwriter's Salvage Co. stock 500 00 500 00

§969,800 00 §988,578 00

Total amount at risk December 31, 1896 $96,118,757 00

Business in Maryland in 1896 :

Fire risks written in 1896 ' §698,306 00

Premiums received 7,533 71

Losses paid 2,131 51

Losses incurred 1,528 51



IIU Equitable Fire and Marine Ins. Co. of Frov..^ R. I.



SWORN STA'J'EMENT FILED IN THIS DEPARTMENT OF THE

EQUITABLE FIRE AND MARINE INS. COMPANY
OF PROVIDENCE, ' R. I.



Commenced Business i860. Capital Stock $300,000.



Frederick W. Arnold, President. James E. Tillinghast> Secretary.

Principal Office, No. i Custom House Street.
Attorney to accept service in Maryland, - - - William J. Donnelly.
General Agents in Maryland, - - Maury & Donnelly.



Summary of assets December 31, 1896 :

Real estate |127,000 00

Loans on mortgage of real estate 129,325 00

Stocks and bonds owned by the company, market

value 351,035 00 "

Cash in company's office and in bank 28,593 54 '

Premiums in course of collection 38,960 89

All other assets as per detailed statement 1,280 00

Total admitted assets $676,194 43



LuiMUties :

Losses reported, adjusted and unpaid % 19,885 00

Ee-insurance reserve required by law 208,742 72

All other liabilities as per detailed statement on

file 6,394 99

Gross liabilities, exclusive of capital $235,022 71

Surplus as regards policy holders $441,171 72

Capital stock : 300,000 00

Surplus over capital, including surplus of

assets not admitted in this State $141,171 72



Income during year :

Cash premiums received $294,997 56

Interest on mortgages 6,826 69

Interest on loans and dividends 16,579 80

From other sources â–  2,155 43

Actual cash income $320,559 48



Equitahle Fire and Marine Ins. Co. of Prov., R. I. Ill



Expenditures during year :

Amount paid for losses §112,187 35

Cash dividends 18,000 00

Commissions and brokerage . 55,438 56

Salaries and fees 25,105 27

Taxes paid 11,061 61

All other jjayments and expenses 20,799 31

Actual cash expenditures |212,592 10

Stocks and bonds in statement :

Par value. Market value.

500 shares Old National Bank of Providence

stock §50,000 00 §55,000 00

340 shares National Bank Commerce of Provi-
dence stock 17,000 00 13,940 00

200 shares American National Bank of Provi-
dence stock 10,000 00 8,600 00

18 shares Third National Bank of Providence

stock 1,800 00 1,080 00

100 shares Fourth National Bank of Providence

stock 10,000 00 11,800 00

100 shares First National Bank of Warren stock. 10,000 00 9,000 00

200 shares N. Y. Cent. & H. R. E. R. Co. stock. . 20,000 00 18,700 00

200 shares Illinois Central R. R. Co. stock 20,000 00 18,600 00'

100 shares Chicago, Rock Island & Pacific R. R.

Co. stock 10,000 00 6,600 00

100 shares Michigan Central R. R. Co. stock. . . 10,000 00 9,000 00

107 shares Chicago, Burlington & Quincy E. R.

Co. stock 10,700 00 7,490 00

50 shares Rhode Island & Massachusetts R. R.

Co. stock 5,000 00 5,000 00

50 shares Wells, Fargo & Co. Express Co. stock. 5,000 00 5,000 00

500 shares Providence Gas Co. stock 25,000 00 42,500 00

United States bonds, registered, 4 per cent 25,000 00 27,500 00

City of Boston bonds, 4 per cent 25,000 00 27,500 00

Union Pacific R. R. bonds, 1st mortgage 18,000 00 18,540 00

Pawtuxet Valley R. R. bonds (endorsed by N. Y.,

Prov, & Boston R. R. Co.) 22,000 00 23,650 00

Central Park, North & East River R. R. bonds. . 15,000 00 16,500 00

Lehigh Valley Terminal R. R. Co. bonds 10,000 00 11,000 00

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

2-5s 1-7 per cent 3,000 00 3,225 00

Milwaukee City R. R. Co. bonds 5,000 00 5,250 00

National Water Works Co. bonds (Kansas City

plant) 6,800 00 4,500 00

New York, Providence & Boston R. R. Co. bonds. 1,000 00 1,060 00



$335,300 00 $351,035 00



112 Farragut Fire Insurance Co. of New Torh., If. Y.



Total amount at risk December 31, 1896 $34,813,309 00

Business in Maryland in 1896 :

Fire risks written in 1896 |691,418 00

Premiums received 6,608 38

Losses paid 1,742 2o

Losses incurred 311 25



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

FARRAGUT FIRE INSURANCE COMPANY
OF NEW YORK, N. Y.

Commenced Business 1872. Capital Stock $200,000.

John E. Leffingwell, Presidetit. Samuel Darbee, Secretary.

Principal Office, No. 106 Leonard Street.

Attorney to accept service in Ma7yland, - - - - E. B. DuVal.

General Agents in Maryland, - - E. B. DuVal & Co.

Summary of assets December 31, 1896 :

Real estate $ 6,000 00

Loans on mortgage of real estate 15,930 00

Stocks and bonds ownedby the company, market

value 241,396 00

Loans on collaterals 12,700 00

Interest due and accrued 419 21 ^

Cash in company's office and in bank 16,694 36

Premiums in course of collection 20,379 29

All other assets as per detailed statement 945 77

Total admitted assets $314,464 63

Assets not admitted in Maryland :
Office furniture $2,000 00

Liabilities :

Losses reported, adjusted and unpaid % 6,826 37

Re-insurance reserve required by law 59,572 29

All other liabilities as per detailed statement on

file 3,482 47

Gross liabilities, exclusive of capital 69,881 13

Surplus as regards policy holders $244,583 50

Capital stock 200, 000 00

Surplus over capital, including surplus of

assets not admitted in this State $46,583 50



Farragut Fire Insurance Go. of New York, HT. Y. 113



Income during year :

Cash premiums received $117,755 90

Interest on mortgages 701 91

Interest on loans and dividends 9,453 06

From other sources 354 20

Actual cash income $128,265 07

Expenditures during year :

Amount paid for losses $55,088 71

Cash dividends . 12,000 00

Commissions and brokerage 22,854 00

Salaries and fees 17,440 00

Taxes paid 3,224 02

All other payments and expenses 8,926 02

Actual cash expenditures $119,532 83

Stocks and bonds in statement :

Par value. Market value.

United States 4 per cent, (new) bonds $ 5,000 00 % 6,000 00

District Columbia 3-65 bonds 105,000 00 117,075 00

New York, Ontario & Western E,. E. 5 per cent.

bonds 20,000 00 21,700 00

Brooklyn Union Gas Co. 5 per cent, bonds 6,000 00 6,330 00

Fourth National Bank stock •. . 10,000 00 17,500 00

New York Produce Exchange Bank stock 9,700 00 11,640 00

Clinton Bank stock 6,000 00 5,400 00

Long Island Loan & Trust Co. stock 25,000 00 53,750 00

Brooklyn Union Gas Co. stock 2,300 00 2,001 00

$189,000 00 $241,396 00

Total amount at risk December 31, 1896 $9,894,586 00

Business in Maryland in 1896 :

Fire risks written in 1896 • $133,330 00

Premiums received , 1,534 87

Losses paid 55 74

Losses incurred 65 74



114 Fire Association of Philadelphia, Pa.

SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

FIRE ASSOCIATION OF PHILADELPHIA, PA.

Commenced Business 1817. Capital Stock $500,000.

E. C. Irvin, President. Benjamin T. Herkness, Secretary.

Principal Office, Nos. 407 and 409 Walnut Street.

Attorney to accept service m Maryland, - - Claude Worthington.

General Agents in Maryland, - Luckett & Worthington.

Summary of assets December 31, 1896 :

Eeal estate $ 208,800 00

Loans on mortgage of real estate 2,133,221 51

Stocks and bonds owned by the company, market

value 2,134,358 00

Loans on collaterals 296,100 00

Interest due and accrued 68,655 44

Cash in company's office and in bank 160,876 91

Premiums in course of collection 708,206 55

All other assets as per detailed statement 10,305 83

Total admitted assets $5,720,524 24

Assets not admitted in Maryland :
Deposits in various States for the protection of

policy holders in such States, market value. . . $110,530 00
Liabilities in said States 44,552 72

Surplus over said liabilities $65,977 28

Company's own stock 88,320 00

Loans on company's stock 3,750 00

$158,047 28

Liabilities :

Losses reported, adjusted and unpaid $ 229,319 37

Ee-insurance reserve required by law 3,839,513 02

All other liabilities as per detailed statement on

file 303,355 40

Gross liabilities exclusive of capital 4,372,187 79

Income during year :

Cash premiums received $2,593,144 26

Interest on mortgages 106,285 40

Interest on loans aiid dividends 142,532 41

From other sources 5,136 70

Actual cash income $2,847,098 77



Fire Association of Philadeljpliia^ Pa. 115



Expenditures during year :

Amount paid for losses $1,484,248 50

Cash dividends 200,000 00

Commissions and brokerage 585,560 02

Salaries and fees 337,484 07

Taxes paid 67'670 11

All other payments and expenses 4,201 63

Actual cash expenditures $2,679,164 33

Stocks and bonds in statement :

Par value. Market value.

City of Camden 7 per cent, bonds $ 1,500 00 $ 1,770 00

City of Richmond 6 per cent, certificates 25,000 00 28,750 00

City of Cincinnati 7-^o per cent, bonds 125,000 00 150,625 00

City of Tacoma water and light bonds 40,000 00 42,000 00

City of Portland (Ore.) new city hall gold bonds. 15,000 00 16,950 00

City of Richmond 4 per cent, certificates 65,600 00 65,288 00

City of Petersburg (Va.) 5 per cent, bonds 50,000 00 53,500 00

Atlantic City (N. J.) city water works bonds 25,000 00 27,445 00

State of Georgia 4i pej cent, bonds 25,000 00 26,500 00

Northern Central R. R. Co. 6 per cent, general

mortgage bonds 168,000 00 193,200 00

Catawissa R. R. Co. 7 per cent, registered bonds. 10,000 00 10,900 00

Lehigh Valley R. R. 7 per cent, registered bonds. 32,000 00 41,600 00

Lehigh Valley R. R. 6 per cent, registered bonds. 100,000 00 114,500 00
Shamokin Valley & Pottsville R. R. 7 per cent.

bonds 20,000 00 22,200 00

Philadelphia & Erie R. R. 5 per cent, registered

bonds 100,000 00 119,500 00

Belt R. R. & Stock Yards 6 per cent. 1st mort-
gage bonds 50,000 00 59,000 00

Louisville & Nashville R. R. 6 per cent, general

mortgage bonds 81,000 00 93,960 00

Texas & Pacific R. R. 6 per cent. 1st mortgage

bonds 13,000 00 13,910 00

Camden & Atlantic R. R. 5 per cent, registered

bonds 30,000 00 32,250 00

Pennsylvania R. R. 6 per cent, general mortgage

bonds 58,000 00 76,560 00

Pennsylvania R. R. consolidated mortgage bonds. 50,000 00 60,000 00
Cincinnati, Hamilton & Dayton R. R. Co. 5 per

cent, registered general mortgage gold bonds. . 20,000 00 20,000 00
Cincinnati, Dayton & Ironton R. R. Co. 5 per

. cent. 1st mortgage gold bonds 25,000 00 25,000 00



116 Fire Association of Philadelphia, Pa.



Stocks and bonds in statement — Conthmed:

Pa^ value. Market value.

Chicago, Rock Island & Pacific R. R. 5 per cent.

first mortgage extension and collateral bonds. $25,000 00 $26,125 00

Northern Pacific R. R. 6 per cent. 1st mortgage

land grant bonds 25,000 00 29,125 00

Philadelphia & Reading R. R. 4 per cent, general

mortgage bonds... 20,000 00 16,300 00

Central Car Trust Co. 6 per cent, bonds 18,000 00 18,000 00

Ohio River R. R. Co. 5 per cent. 1st mortgage
bonds 25,000 00 25,250 00

Centralia & Chester R. R. 5 per cent. 1st mort-
gage gold bonds 50,000 00 45,000 00

Chicago & Erie R. R. Co. 1st mortgage 5 per

cent, gold bonds 35,000 00 38,325 00

Lynn & Boston R. R. Co. 1st mortgage 5 per cent,
gold bonds 25,000 00 25,750 00

Lehigh Valley Coal Co. 1st mortgage 5 per cent.

^gold bonds 15,000 00 14,512 50

Port of Portland (Oregon) 5 per cent, gold bonds. 39,000 00 44,460 00

Pennsylvania & New York Canal 7 per cent.

bonds 1,000 00 1,180 00

Lehigh Coal & Navigation Co. 7 per cent, consoli-
dated mortgage bonds 100,000 00 129,000 00

Evansville & Terre Haute R. R. Co. 5 per cent.

1st general mortgage bonds 50,000 00 40,000 00

Newark Passenger Ry. Co. 1st consolidated mort-
gage gold bonds 22,000 00 23,705 00

Lehigh Valley R. R. Co. 4i per cent, registered
bonds ". 75,000 00 75,000 00

Terminal R. R. Association (St. Louis) 1st consoli-
dated mortgage gold bonds 75,000 00 79,125 00

Philadelphia City Passenger Ry. Co. 5 per cent,
bonds 50,000 00 53,500 00

Allentown & Bethlehem Rapid Transit Co. 1st

mortgage 6 per cent, gold bonds 56,000 00 59,920 00

Cleveland Electric R. R. Co. 1st mortgage 5 per

cent, gold bonds 30,000 00 30,900 00

Lehigh Coal & Navigation Co. collateral trust 4^

per cent, gold bonds 50,000 00 51,250 00

Wisconsin Central Co. receiver's certificates 10,000 00 10,000 00

1,230 shares Pennsylvania R. R. Co. stock 61,500 00 63,652 50

256 shares Fire Association stock 12,800 00 88,320 00

331 shares Philadelphia, Germantown & Nor-

ristown R. R.Co. stock 16,550 00 41,375 00



Firemens Fimd Ins. Co. of San Francisco, Cal. lit

Stocks and bonds in statement — Continued:

Par value. Market value,

70 shares Chestnut Hill R. R. Co. stock |3,500 00 §4,200 00

20 shares Philadelphia Bourse 1,000 00 200 00

5 shares Underwriters Salvage Co 500 00 500 00

125 shares Centralia & Chester R. R. Co. stock. 12,500 00 3,125 00

$2,033,450 00 $2,333,208 00
Total amount at risk December 31, 1896 $441,406,756 00

Business in Maryland in 1896 :

Fire risks written in 1896 $3,135,835 00

Premiums received 35,954 57

Losses paid 12,591 91

Losses incurred 8,745 76



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

FIREMENS FUND INSURANCE COMPANY
OF SAN FRANCISCO, CAL.

Commenced Business 1S63. Capital Stock $1,000,000.
David J. Staples, President. Bernard Faymonville, Secretary

Principal Office, No. 401 California Street.

Attor7iey to accept service in Maryland^ - John H. Katzenberger.

General Agent in Maryland,, - John H. Katzenberger.

Summary of assets December 31, 1896 :

Real estate $ 411,700 00

Loans on mortgage of real estate 488,173 59

Stocks and bonds owned by the company, market

value 1,639,470 00

Loans on collaterals 210,762 55

Interest due and accrued 17,645 92

Cash in company's office and in bank 261,361 25

Premiums in course of collection 359,750 84

Bills receivable taken for premiums 42,090 14

All other assets as per detailed statement 21,699 51

Total admitted assets $3,452,653 80

Assets not admitted in Maryland :
Deposits in various States for the protection of

policy holders in such States, market value. . . $75,000 00
Liabilities in said States 33,767 50

Surplus over said liabilities. $41,232 50



lis Firemens Fund Ins. Co. of San Francisco., Cat.



Liabilities :

Losses reported, adjusted and unpaid % 96,149 24

Re-insurance reserve required by law 1,227,308 19

Voliintary reserve 75,000 00

Commissions, brokerage due 27,960 45

All other liabilities as i^er detailed statement on

file 7,829 47

Gross liabilities, exclusive of capital 1,434,247 35

Surplus as regards policy holders $2,018,406 45

Capital stock 1,000,000 00

Surplus over capital, including surplus of

assets not admitted in this State $1,059,638 95

Income during year :

Cash premiums received $1,627,763 90

Interest on mortgages 22,855 07

Interest on loans and dividends 108,536 61

From other sources 19,491 69

Actual cash income $1,778,647 27

Expenditures during year :

Amount paid for losses $930,002 99

Cash dividends 120,000 00

Commissions and brokerage 237,911 07

Salaries and fees 189,724 19

Taxes paid 36,659 88

All other payments and expenses 161,642 72

Actual cash expenditures $1,679,940 85

Stocks and ionds in statement :

Par value. Market value.

Omnibus Cable Ry. Co. bonds, at 118^ $105,000 00 $124,425 00

Market Street Ry. Co. bonds, at 106 100,000 00 106,000 00

Powell Street Ry. Co. bonds, at 114 15,000 00 17,100 00

Sutter Street Ry. Co. bonds, at 110 50,000 00 55,000 00

Presidio & Ferries R. R. Co. bonds, at 100 37,000 00 37,000 00

San Francisco & North Pacific Ry. bonds, at 100.. 20,000 00 20,000 00

U. S. registered 4 per cent, bonds of 1925, at 119^. 25,000 00 29,875 00

Oakland Gas Light and Heat Co. bonds, at 107 . . 50,000 00 53,500 00

Stockton Gas and Electric Co. bonds, at lOli ... 32,000 00 32,480 00
San Diego Gas and Electric Light Co. bonds, at

100 20,000,00 20,000 00

Riverside Water Co. bonds, at 100 20,000 00 20,000 00



J^'iremens Fund Ins. Co. of San Francisco.^ Cat. 119



Stocks and bonds in statement — Continued:

Par value. Market value.

Baker City (Oregon) water bonds, at 105 817,000 00 $17,850 00

Pacific Rolling Mills bonds, at 1024- 13,000 00 13,325 00

Baker City (Oregon) school bonds, at 105 20,000 00 21,000 00

Palo Alto (Cal.) school district bonds, at 104 15.000 00 15,600 00

San Pascual (Cal.) school district bonds, at 100. . . 6,250 00 6,250 00

Olympic Club bonds, at 100 5,000 00 5,000 00

Los Angelos Lighting Co. bonds, at 101 5,000 00 5,050 00

Marin County water bonds, at 102 5,000 00 5,100 00

Independence City (Oregon) bonds, at 100 3,000 00 3,000 00

2,986 shares Home Mutual Insurance Co. stock,

at 210 298,600 00 600,000 00

110 shares Bank of California stock, at 238 ... . 11,000 00 26,180 00
187 shares First National Bank, SF., stock, at

185 18,700 00 34,595 00

100 shares Anglo-California Bank stock (50 per

cent, paid up), at 60 5,000 00 6,000 00

450 shares Oakland Bank of Savings stock (50

per cent, paid up), at 65 22,500 00 29,250 00

300 shares California Safe Deposit and Trust

Co. stock, at 108 30,000 00 32,400 00

340 shares Sather Banking Co. stock, at 75 34,000 00 25,500 00

1,000 shares California Street Cable R. R. Co.

stock, at 108 100,000 00 108,000 00

440 shares Sutter Street R. R. Co. stock, at 100. 44,000 00 44,000 00
200 shares Market Street Ry. Co. stock, at 43.. . 20,000 00 8,600 00
100 shares San Francisco and San Joaquin Val-
ley R. R. Co. stock, at 100 10,000 00 10,000 00

650 shares Oakland Gas Light and Heat Co.

stock (66 per cent, paid), at 53^ 42,900 00 34,775 00

200 shares San Francisco Gas Light Co. stock,

at 97* 30,000 00 19,500 00

200 shares Pacific Gas Improvement Co. stock,

at 90 20,000 00 18,000 00

450 shares Spring Valley Water Co. stock, at 974. 45,000 00 43,875 00

656 shares California Dry-Dock Co. stock, at 37i 65,600 00 24,600 00

500 shares Pacific Rolling Mills Stock, at 22^.. . 50,000 00 11,250 00
786 shares Stockton Gas and Electric Co. stock,

at 15 23,580 00 11,790 00

450 shares San Francisco and San Joaquin Coal

Co. stock, at 33i 15,000 00 15,000 00

100 shares Oakland Building and Loan Associa-
tion stock, at 36 3,600 00 3,600 00

$1,452,730 00 $1,714,470 00
Total amount at risk December 31, 1896 $194,632,829 00



120 Franklin Fire Insurance Go. of Philadelphia, Pa.



Business in Maryland in 1896 :

Fire risks written in 1896 $966,580 75

Premiums received 8,492 95

Losses paid 3,478 37

Losses incurred 193 68



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

FRANKLIN FIRE INSURANCE COMPANY
OF PHILADELPHIA, PA.

Commenced Business 1829. Capital Stock $400,000.

James W. McAllister, President. Ezra T. Ckesson, Secretary.

Principal Office, No. 421 Walnut Street.

Attorney to accept service ift Maryland., - - - W.T.Shackelford.

General Agent in Maryland, - - W.T.Shackelford.

Summary of assets December 31, 1896 :

Real estate | 259,000 00

Loans on mortgage of real estate 217,008 00

Stocks and bonds owned by the company, market

value 2,198,742 00

Loans on collaterals 267,500 GO

Interest due and accrued ... 6,891 78

Cash in company's office and in bank 92,810 43

Premiums in course of collection 63,489 85

Total admitted assets $3,105,442 06

Liabilities :

Losses reported, adjusted and unpaid $ 26,987 70

Re-insurance reserve required by law 434,793 98

All other liabilities as per detailed statement on
file 1,173,532 83

Gross liabilities, exclusive of capital 1,635,314 51

Surplus as regards policy holders $1,470,127 55

Capital stock 400,000 00

Surplus over capital, including surplus of

assets not admitted in this State $1,070,127 55



FranJdin Fire Insurance Co. of Philadelphia, Pa. 121



Income during year :

Cash premiums received §450,737 14

Interest on mortgages 13,742 16

Interest on loans and dividends 118,470 49

From other sources 10,365 43

Actual cash income §593,315 22

Expenditures during year:

Amount paid for losses §251,500 07

Cash dividends 100,190 00

Commissions and brokerage 82,305 18

Salaries and fees 40,637 45

Taxes paid 20,999 19

All other payments and expenses 89,074 10

Actual cash expenditures §584,705 99

Stocks and bonds in statement:

Par value. Market value.

§9,000, City of Springfield (111.) 5s 1900-1907

bonds §9,000 00 §9,180 00

45,000, City of Sandusky (Ohio) 5s 1897-1922

bonds 45,000 00 49,500 00

10 shares Philadetphia Bourse stock 500 00 100 00

35,000, City of Camden (N. J.) 4s 1902 bonds. . . 35,000 00 35,000 00
5,000, City of Camden (N. J.) 4s 1909 bonds. . . 5,000 00 5,000 00

50,000, Pittsburg, Chartiers & Youghiogheny

R. R. 6s 1902 bonds 50,000 00 55,000 00

75,000, Pennsylvania E,. R. consolidated sterling

6s 1905 bonds 75,000 00 87,000 00

10,000, Shamokin, Sunbury & Lewisburg R. R.

1st mortgage 5s 1912 bonds 10,000 00 10,200 00

6,000, Chartiers Ry. Co. 7s 1901 bonds 6,000 00 6,720 00

10,000, Delaware River Ferry Co. gold 5s 1921

bonds 10,000 00 10,100 00

50,000, Penna. & New York Canal & R. R. 7s

1906 bonds 50,000 00 60,500 00

50,000, Wilmington & Weldon R. R. gold 7s 1897

bonds 50,000 00 51,750 00

11,000, Jacksonville, Louisville & St. Louis R.

R. 1st mortgage 5s 1940 bonds 11,000 00 3,300 00

29,000, Huntingdon & Broad Top R. R. 1st mort-
gage extended 4s 1920 bonds 29,000 00 30,160 00

50 shares Independence Nat. Bank stock.. 5,000 00 6,250 00

2,200, Philadelphia City registered 6s new 1897-

1900 bonds 2,200 00 2,332 00



122 Franklin Fire Insurance Co. of Philadelphia, Pa.



Stocks and bonds in statement— Continued:

Par value. ilarlcet value.

§6,000, Lehigh Valley R. R. consolidated ster-

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