Indiana & Vincennes R. R. Co. 2d mortgage 6
per cent, loan 43,000 00 45,150 00
Chicago & Erie R. R. Co. 1st mortgage gold bond
5 per cent, loan 50,000 00 55,000 00
Baltimore & Patomac R. R. Co. 1st mortgage 6s.. 15,000 00 18,375 00
McKeesport & Belle Vernon R. R. Co. 1st mort-
gage 6s 21,000 00 26,460 00
Knoxville Water Co. 6 per cent, loan 15,000 00 15,000 00
Western Transit Co. 4i per cent, loan 50,000 00 51,000 00
Lehigh Coal & Navigation Co. 6 per cent, gold
loan 20,000 00 20,400 00
Chesapeake & Delaware Canal Co. 1st mortgage
5 per cent, loan 10,000 00 4,700 00
Delaware Division Canal Co. 6 per cent, loan . . . 25,000 00 24,000 00
Car Trust of New York, No. 2, 6 per cent. loan. . 4,000 00 4,000 00
St. Louis City 6 per cent, loan 25,000 00 30,000 00
Cincinnati City 75;='o per cent loan 38,000 00 45,600 00
Cincinnati City 7 per cent, loan 10,000 00 11,400 00
City of Springfield (Illinois) funding bonds, 5 per
cent 35,000 00 35,700 00
City of Topeka (Kansas) internal improvement
bonds 6 per cent, loan 26,520 00 27,315 00
City of Dayton (Ohio) 5 per cent, loan 17,000 00 19,040 00
City of Columbus (Ohio) 4i per cent, loan 36,000 00 36,720 00
City of Columbus (Ohio) 5 per cent, water works
loan 14,000 00 14,560 00
City of Dayton (Ohio) 6 per cent, loan 35,000 00 36,750 00
City of Quincy (Illinois) 4i per cent, loan 25,000 00 25,000 00
City of Sandusky (Ohio) 5 per cent, loan -. 19,500 00 19,890 00
Kansas City (Kansas) internal improvement bonds
7 per cent, loan 6,000 00 6,000 00
Newark City (Ohio) 5 per cent, loan 12,000 00 12,240 00
Wabash R. R. Co. 2d mortgage 5 per cent. loan. . 20,000 00 14,000 00
Pittsburg Junction Terminal Co. 1st mortgage 5
per cent, loan 25,000 00 25,000 00
Pennsylvania Fire Insurance Go. of Phila., Pa. ^OS
Stocks and bonds in statement — Continued :
Par value. Market value.
Kewburg & ISTew York R. E.. Co. 1st mortgage 5
per cent, loan 815,000 00 815,000 00
Northern Central E. R. Co. consolidated mortgage
6 per cent, loan 18,000 00 20,700 00
Baltimore & Ohio R. R. Co. consolidated mort-
gage 5s loan 50,000 00 50,000 00
Baltimore Belt R. R. Co. 1st mortgage 5 per cent.
loan 50,000 00 46,500 00
West Knoxville General Improvement Co. 6 per
cent, loan 20,000 00 20,000 00
Atlantic City R. R. Co. mortgage 5 per cent, loan 30,000 00 31,200 0<)
Camden Horse R. R. Co. 1st mortgage 5 per cent.
loan 25,000 00 25,750 00
Bellefonte Central R. R. Co. 1st mortgage thirty'
year 5 per cent, gold loan 2,500 00 2,500 00
Evansville & Terre Haute R. R. Co. 1st general
mortgage 5 per cent, gold loan 25,000 00 22,500 00
School District of the Borough of Sewickley (Pa.)
5 per cent, loan 24,000 00 25,200 00
Philadelphia ISTational Bank, 200 shares stock. . . 20,000 00 38,000 00
Bellefonte Central R. R. Co., 440 shares stock. . . 22,000 00 ' 11,000 00
Philadelphia Bourse, 10 shares stock 500 00 100 00
82,838,520 00 82,998,465 00
Total amount at risk December 31, 1896 $327,348,081 00
Business in Maryland in 1896 :
Fire risks written in 1896 83,928,357 00
Premiums received 44,387 50
Losses paid 24,393 45
Losses incurred 18,566 89
204 Phenix Insurance Co. of Brooldyn, N. Y.
SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
PHENIX INSURANCE COMPANY
OF BROOKLYN, N. Y.
Commenced Business 1853. Capital Stocli $1,000,000.
George P. Sheldon, Pt-esidenf. Charles C. Little, Secretary.
Principal Office, No. 16 Court Street.
Attorney to accept service in Marylajid, - - - C. R. Gallagher.
General Agents in Maryland, - - Allmand & Gallagher.
Summary of assets December 31, 1896 :
Real estate % 511,000 00
Loans on mortgage of real estate 115,600 00
Stocks and bonds owned by the company, market
value 3,643,334 00
Interest due and accrued 16,313 27
Cash in company's office and in bank 416,039 66
Premiums in course of collection „ 657,491 20
'All other assets as per detailed statement 15,671 46
Total admitted assets $5,375,449 59
Assets not admitted in Maryland :
Deposits in various States for the protection of
policy holders in such States, market value. . . $203,000 00
Liabilities in said States 142,835 73
Surplus over said liabilities 160,164 27
Liabilities :
Losses reported, adjusted and unpaid % 213,342 40
Re-insurance reserve required by law.-; 3,115,075 17
Due and accrued for salaries, etc 2,333 34
All other liabilities as per detailed statement on
tile 181,546 67
Gross liabilities, exclusive of capital 3,512,297 58
Surplus as regards policy holders $1,863,152 01
Capital stock 1,000,000 00
Surplus over capital, including surplus of
assets not admitted in this State $923,316 28
Phenix Insurance Go. of Brooldyn, JV. Y. 205
Income during year :
Cash premiums received $3,213,212 78
Interest on mortgages 6,085 00
Interest on loans and dividends 150,340 84
From other sources 10,973 48
Actual cash income $3,380,612 10
Expenditures during year:
Amount paid for losses .$1,927,411 77
Cash dividends 100,000 00
Commissions and brokerage 490,619 10
Salaries and fees 338,887 80
Taxes paid 74,948 03
All other payments and expenses â– 326,876 18
Actual cash expenditures $3,258,742 88
Stocks and bonds in statement :
Par value. Market value.
United States bonds, 4 per cent., 1907 $230,000 00 $257,600 00
United States bonds, 4 per cent., 1925 250,000 00 300,000 00
State of Virginia "Century" bonds, 2 per cent. . . 100,000 00 63,000 00
City of Richmond (Va.) bonds, 4 per cent 21,000 00 21,000 00
New York City consolidated stock, 3 per cent. . . 762,000 00 762,000 00
Kings County Elevated Ry. Co. bonds, 5 per cent. 26,000 00 11,700 00
Louisville, Henderson & St. Louis Ry. Co. bonds,
5 per cent 17,500 00 14,000 00
Louisville & Nashville R. R. Co. bonds, 5 per
cent 25,000 00 24,375 00
Norfolk & Western R. R. Co. bonds, 5 per cent. . 25,000 00 16,250 00
United Traction & Electric Ry. Co. bonds, 5 per
cent 25,000 00 25,625 00
Missouri, Kansas & Texas Ry. Co. bonds, 5 per
cent 50,000 00 40,000 00
Metropolitan West Side Elevated Ry. Co. of
Chicago bonds, 5 per cent 35,000 00 14,000 00
Cleveland & Mahoning Valley R. R. Co. bonds,
5 per cent 25,000 00 30,000 00
Philadelphia & Reading R. R. Co. bonds, 4 per
cent 50,000 00 40,750 00
New York, New Haven & Hartford R. R. Co.
debentures, 4 per cent 200,000 00 272,000 00
Missoula County (M. T.) bonds, 7 per cent 12,000 00 13,200 00
U. S. Illuminating Co. bonds, 6 per cent 25,000 00 25,000 00
Lake Gas Co. of Chicago bonds, 6 per cent 50,000 00 51,000 00
Grand Rapids Gas Light Co. bonds, 5 per cent. . 33,000 00 29,700 00
206 Phenix Insurance Co. of BrooTclyn, N. Y.
Stocks and bonds in statement — Continued,:
Par value. Market value.
Madison Gas & Electric Co. bonds, 6 per cent ... $ 25,000 00 $ 23,750 00
1,000 shares Chicago & Alton E. E. Co. stock 100,000 00 163,000 00
1,000 shares Morris & Essex E. E. Co. stock 50,000 00 83,000 00
713 shares Eome, Watertown & Ogdensburgh
E. E. Co. stock 71,300 00 84,134 00
1,000 shares Delaware & Hudson Canal Co. stock 100,000 00 115,000 00
1,000 shares Pittsburg, Fort WajTie & Chicago
Co. E. E. "guaranteed" stock 100,000 00 • 166,000 00
1,000 shares Syracuse, Binghamton & Xew York
E. E. Co. stock 100,000 00 165.000 00
500 shares Eensselaer & Saratoga E. E. Co.
stock 50,000 00 91,500 00
200 shares National Shoe and Leather Bank
(New York) stock 20,000 00 19,000 00
386 shares National Bank of the Eepublic (New-
York) stock 38.600 00 55,970 00
87 shares National Bank of Commerce (New
York) stock 8-700 00 17,400 00
200 shares Fourth National Bank (New York)
stock 20,000 00 35,000 00
100 shares Mercantile National Bank (New
York) stock 10,000 00 17,000 00
253 shares National Park Bank (New York)
stock 25,300 00 67,045 00
1,200 shares Chatham National Bank (New York)
stock 30,000 00 88,500 00
408 shares Mechanics' Bank (Brooklyn) stock. 20,400 On 48,960 00
600 shares National City Bank (Brooklyn)
stock 30,000 00 123,000 00
200 shares Phenix National Bank (New York)
stock 4,000 00 4,200 00
191 shares Brooklyn Bank (Brooklyn) stock. . . 9,550 00 15,280 00
100 shares Bond and Mortgage Guaranteed Co.
stock 10,000 00 15,000 00
187 shares New York Mutual Gas Light Co.
stock 18,700 00 43,945 00
170 shares Madison Gas and Electric Co. stock. 17,000 00 5,100 00
1,. 500 shares Central and South American Tele-
graph Co. stock 150,000 00 180,000 00
1,.500 shares Western Union Telegraph Co. stock 150.000 00 124,500 00
430 shares Mexican Telegraph Co. stock 43,000 00 83,850 00
$3,163,050 00 $3,846,334 00
Total amount at risk December 31, 1896 $542,674,717 00
Phoenix Insurance Co. of Hartford, Conn. 207
Business in Maryland in 1896 :
Fire risks written in 1896 $3,564,320 00
Premiums received 35,737 80
Losses paid 11,879 82
Losses incurred 11,410 98
SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
PHCENIX INSURANCE COMPANY
OF HARTFORD, CONN.
Commenced Business 1854. Capital Stock $2,000,000.
D. W. C. Skilton, President. Edward Milligan, Secretary.
Principal Office, No. 64 Pearl Street.
Attorney to accept service in Maryland, - - - E. A. Richardson.
General Agents ijt Maryland, - E. J. Richardson & Sons.
Summary of assets December 31, 1896 :
Eeal estate % 498,906 04
Loans on mortgage of real estate 188,306 91
Stocks and bonds owned by the company, market
value 3,867,801 50
Loans on collaterals 31,200 00
Interest due and accrued 17,602 73
Cash in company's office and in bank 247,453 65
Premiums in course of collection 454,255 66 •
All other assets as per detailed statement 14,738 93
Total admitted assets $5,320,265 42
Liahilities:
Losses reported, adjusted and unpaid $ 392,412 39
Re-insurance reserve required by law 2,197,341 46
Gross liabilities, exclusive of capital $2,589,753 85
Surplus as regards policy holders $2,730,511 57
Capital stock 2,000,000 00
Surplus over capital, including surplus of
assets not admitted in this State $730,511 57
Income during year :
Cash premiums received $2,952,791 57
Interest on mortgages 9,802 36
Interest on loans and dividends 183,042 53
From other sources 8,088 64
Actual cash income ' $3,153,725 10
208 PTimiix Insurance Co. of Hartford^ Conn.
Expenditures, during year :
Amoiint paid for losses $1,691,704 80
Cash dividends •. 280,000 00
Commissions and brokerage 502,076 60
Salaries and fees 193,919 72
Taxes paid 67,712 96
All other payments and expenses 311,041 02
Actual cash expenditures $3,046,455 10
Stocks and bonds in statement :
Par value. Market value.
300 shares ..Etna National Bank (Hartford) stock $30,000 00 $43,500 00
1,000 shares America National Bank (Hartford)
stock 50,000 00 70,000 00
100 shares Atlantic Trust Co. (New York) stock. 10,000 00 18,250 00
125 shares Central Trust Co. (New York) stock. 12,500 00 134,375 00
162 shares Charter Oak National Bank (Hart-
ford) stock 16,200 00 16,200 00
160 shares City Bank (Hartford) stock 16,000 00 17,280 00
100 shares Connecticut Eiver Bank (Hartford)
stock 3,000 00 4,500 00
300 shares Farmers & Mechanics National Bank
(Hartford) stock 30,000 00 34,500 00
175 shares First National Bank (Wallingford)
stock 17,500 00 19,775 00
400 ^hares Franklin Trust Co. (New York) stock. 40,000 00 86,800 00
1,030 shares Hartford National Bank (Hartford)
stock 103,000 00 144,200 00
400 shares Hartford Trust Co. (Hartford) stock. 40,000 00 60,000 00
100 shares Home National Bank (Meriden) stock 10,000 00 11,800 00
133 shares Imperial Bank (Toronto, Ont.) stock. 13,300 00 23,674 00
250 shares Metropolitan National Bank (Cin-
cinnati) stock (in liquidation) 11,250 00 500 00
108 shares Merchants Exchange National Bank
(New York) stock 5,400 00 6,210 00
800 shares Mercantile National Bank (Hartford)
stock 80,000 00 64,000 00
200 shares National Shoe & Leather Bank (New
York) stock 20,000 00 19,000 00
340 shares National Exchange Bank (Hartford)
stock 17,000 00 22,100 00
125 shares National German American Bank
(St. Paul) stock 12,500 00 9,375 00
200 shares New Britain National Bank (New
Britain) stock 20,000 00 32,000 00
Ph<jenix Inswrance Co. of Hartford, Conn. 209
Stocks and bonds in statement — Continued:
Par value. Market value.
770 shares Phcenix Xational Bank (Hartford)
stock ^77,000 00 $96,250 00
200 shares State Bank (Hartford) stock 20,000 00 22,000 00
440 shares Waterbury National Bank (Water-
bury) stock 22,000 00 38,500 00
50 shares Security Co. (Hartford) stock 5,000 00 6,150 00
500 shares Bald Eagle Valley E. R. Co. stock. . 25,000 00 50,000 00
300 shares Beech Creek E. E. guaranteed 4 per
cent, stock 15,000 00 15,000 00
350 shares Chicago & Alton E. E. Co. common
stock 35,000 00 56,700 00
500 shares Cleveland & Pittsburg E. E. Co.
guaranteed 7 per cent, stock 25,000 00 41,250 00
500 shares Fort Wayne & Jackson E. E. Co.
preferred stock 50,000 00 62,500 00
200 shares Georgia E. E. & Banking Co. stock. 20,000 00 34,500 00
120 shares Hartford & Connecticut Western
guaranteed 2 per cent, stock 12,000 00 2,400 00
1,000 shares Illinois Central E. E. Co. stock 100,000 00 92,000 00
1,000 shares Morris & Essex E. E. Co. stock 50,000 00 82,500 00
1,500 shares N. Y., X. H. & Hartford E. E. Co.
stock 150,000 00 270,000 00
250 shares New York & Harlem E. E. Co. stock . 12,500 00 36,250 00
500 shares New York Central & Hudson Eiver
E. E. Co. stock 50,000 00 47,250 00
500 shares Peoria & Bureau Valley E. E. Co.
guaranteed 8 per cent, stock 50,000 00 85,000 00
500 shares Pittsburg, McKeesport & Y. R. E.
Co. guaranteed 6 per cent, stock 25,000 00 32,500 00
500 shares Eensselear & Saratoga E. R. Co.
guaranteed 8 per cent, stock 50,000 00 92,000 00
500 shares Sharon E. E. of Pa. guaranteed 6
per cent, stock 25,000 00 27,500 00
150 shares Empire & Bay States Tel. Co. guar-
anteed stock 15,000 00 11,475,00
1,320 shares Holyoke Water Power Co. stock 132,000 00 382,800 00
1,500 shares Northwestern Telegraph Co. guar-
anteed stock 75,000 00 86,250 00
400 shares West End Street Ey. Co. (Boston)
stock 20,000 00 26,000 00
Georgia State registered bonds, 4* per cent, in-
terest 25,000 00 28,750 00
Brooklyn Wharf and Warehouse Co. 1st mort-
gage gold bonds, 5 per cent, interest 75,000 00 75,000 00
210 Phoenix Insurance Co. of Hartford^ Conn.
Stocks and bonds in statement — Continued :
Par value. Market value,
Ashland (Oregon) water bonds, 6 per cent, in-
terest $50,000 00 $54,500 00
Brantford (Canada) bonds, 5 per cent, interest. . 25,000 00 28,125 00
Guelph (Canada) bonds, 5 per cent, interest 24,000 00 28,200 00
Victoria (British Columbia) bonds, 5 per cent.
interest 20,000 00 23,400 00
Town of St. Henry (P. Q.) bonds, 4^ per cent.
interest 75,000 00 81,750 00
Province of New Brunswick bonds, 4 per cent.
interest 5,000 00 5,212 50
Columbus (Ohio) improvement bonds, 6 per cent.
interest 10,000 00 10,700 00
Fostoria (Ohio) water bonds, 6 per cent, interest. 25,000 00 26,250 00
Leavenworth City and Fort Leavenworth water
bonds, 6 per cent, interest 25,000 00 27,500 00
Hannibal (Mo.) school bonds, 6 and 7 per cent.
interest 20,000 00 21,000 00
Northwestern Telegraph Co. (guaranteed) bonds,
7 per cent, interest 25,000 00 29,000 00
Naumkeag Street Eailway Co. bonds, 5 per cent.
interest 25,000 00 25,000 00
Superior (Wis.) improvement bonds, 6 per cent.
interest 25,000 00 25,250 00
Urbana (Ohio) gas bonds, 6 per cent, interest. ... 25,000 00 25,000 00
Canadian Pacific 1st mortgage land grant R. R.
bonds, 5 per cent, interest '. 44,000 00 48,950 00
Cedar Rapids, loAva Falls & N. W. Ry. (guaran-
teed) bonds, 6 per cent, interest 50,000 00 51,500 00
Chicago & N. Western Ry. sinking fund bonds, 6
per cent, interest 47,000 00 53,580 00
Chicago & Western Indiana R. R. 1st mortgage
bonds, 6 per cent, interest 40,000 00 42,000 00
Chicago & Western Indiana general mortgage
bonds, 6 per cent, interest 100,000 00 117,000 00
Chicago, Burlington & Quincy convertible R. R,
bonds, 5 per cent, interest 10,000 00 10,100 00
Chicago, Rock Island & Pac. 1st mortgage extn.
and collat. bonds, 5 per cent, interest 25,000 00 26,125 00
Cincinnati, Dayton & Ironton 1st mortgage gold
(guaranteed) bonds, 5 per cent, interest 25,000 00 27,000 00
Brie Ry. 1st mortgage consols, 7 per cent, in-
terest 50,000 00 70,000 00
Minneapolis Union Ry. Co. (guaranteed) bonds,
6 per cent, interest 50,000 00 60,500 00
Providence - Washington Ins. Co. of Providence, HI. 211
Stocks and bonds in statement — Continued :
Par value. Market value.
New York, Lackawanna & Western E. E. (guar-
anteed) bonds, 6 per cent, interest $50,000 00 $67,000 00
N. Y., N. H. & H. E. E. debentures, 4 per
cent, interest 75,000 00 102,375 00
St. Paul, Eastern & G. Trunk 1st mortgage (guar-
anteed) bonds, 6 per cent, interest 10,000 00 11,300 00
Terre Haute & Logansport E. E. extension (guar-
anteed) bonds, 6 per cent, interest 50,000 00 50,000 00
Terre Haute & Peoria 1st mortgage gold (guar-
anteed) bonds, 5 per cent, interest 25,000 00 21,250 00
Texas & Xew Orleans 1st mortgage bonds, 7 per
cent, interest 54,000 00 59,670 00
$2,802,150 00 $3,867,801 50
Total amount at risk December 31, 1896 $397,514,478 00
Business in Maryland in 1896 :
Fire risks written in 1896 §2,131,734 00
Premiums received 24,595 02
Losses paid 10,723 87
Losses incurred 5,492 28
SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
PROVIDENCE-WASHINGTON INSURANCE CO.
OF PROVIDENCE, R. I.
Commenced Business 1799. Capital Stock $400,000.
J. H. DeWolf, President. E. L. Watson, Secretary.
Principal Office, Providence, R. I.
Attorney to accept service in Maryland., - - - W. J. Donnelly.
General Agents in Maryland, - - Maury & Donnelly.
Summary of assets December 31, 1896 :
Stocks and bonds owned by the company, market
value $1,231,990 00
Cash in company's office and in bank 74,709 82
Premiums in course of collection 197,536 52
Bills receivable taken for premiums 49,879 37
Total admitted assets . , $1,554,115 71
212 Providence - Washington Ins. Co. of Providence, R. I.
Liabilities:
Losses reported, adjusted and unpaid $139,510 95
Re-insurance reserve required by law 760,591 71
All other liabilities as per detailed statement on
file 40,424 51
Gross liabilities, exclusive of capital 940,527 17
Surplus as regards policy holders $613,588 54
Capital stock 400,000 00
Surplus over capital, including surplus of
assets not admitted in this State $213,588 54
Income during year :
Cash premiums received $1,211,554 65
Interest on loans and dividends 51,558 92
Actual cash income $1,263,118 57
Expenditures during year :
Amount paid for losses $769,100 99
Cash dividends 32,000 00
Commissions and brokerage 224,538 71
Salaries and fees 83,432 95
Taxes paid 27,059 16
All other payments and expenses 65,627 40
Actual cash expenditures $1 ,201,759 21
â– Stocks and bonds in statement:
Par valut'. Market vaVue.
Boston & Providence R. R. Co. bonds $100,000 00 $106,000 00
Boston & Maine R. R. Co. bonds 10,000 00 11,700 00
Baltimore & Ohio R. R. Co. bonds 25,000 00 24,250 00
Bath Gas & Electric Co. bonds 3,000 00 2,700 00
City of Pawtucket bonds 25,000 00 26,000 00
Cleveland Electric Ry. Co. bonds 10,000 00 10,300 00
Columbus Street Ry. Co. bonds 10,000 00 10,000 00
Lehigh Valley R. R. Co. bonds 50,000 00 51,500 00
Morris & Essex R. R. Co. bonds 25,000 00 34,250 00
New York, New Haven & Hartford R. R, Co.
bonds 54,000 00 72,900 00
Rensselaer & Saratoga R. R. Co. bonds 12,000 00 17,520 00
250 shares Fourth National Bank (New York)
stock 25,000 00 45,000 00
340 shares National Bank of Commerce (New
York) stock '. . 34,000 00 69,020 00
Promdence -Washington Ins. Co. of Providence, R.I. 213
Stocks and bonds in statement — Continued :
Par value. Market vahie.
300 shares National Park Bank (New York)
stock $30,000 00 $79,500 00
500 shares American National Bank (Provi-
dence) stock • 25,000 00 21,750 00
1,000 shares Blackstone Canal National Bank
(Providence) stock 25,000 00 25,000 00
300 shares Commercial National Bank (Provi-
dence) stock 15,000 00 13,500 00
300 shares Manufacturers National Bank (Provi-
dence) stock 30,000 00 42,000 00
500 shares Merchants National Bank (Provi-
dence) stock 25,000 00 31,500 00
400 shares Mechanics National Bank (Provi-
dence) stock 20,000 00 21,200 00
500 shares National Bank of Commerce (Provi-
dence) stock 25,000 00 20,500 00
300 shares National Eagle Bank (Providence)
stock 15,000 00 15,600 00
200 shares Weybosset National Bank (Provi-
dence) stock 10,000 00 8,600 00
550 shares Providence Gas Co. stock 27,500 00 46,750 00
600 shares Chicago & Alton R. R. Co. stock... . 60,000 00 98,400 00
200 shares Chicago & Northwestern Ry. Co.
preferred stock 20,000 00 30,400 00
100 shares New York Central & Hudson River
• R. R. Co. stock 10,000 00 9,500 00
200 shares Old Colony R. R. Co. stock . .^. 20,000 00 35,400 00
500 shares Oswego & Syracuse R. R. Co. stock. 25,000 00 51,250 00
1,500 shares What Cheer Corporation (real estate)
Co. office stock 200,000 00 200,000 00
$965,500 00 $1,231,990 00
Total amount at risk December 31, 1896 $118,338,368 00
Biisiness in Maryland in 1896 :
Fire risks written in 1896 $2,097,333 00
Premiums received 16,098 46
Losses paid 9,447 30
Losses incurred 7,647 05
^14 Queen Insurance Go. of America^ of New York.
SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
QUEEN INSURANCE COMPANY OF AMERICA,
NEW YORK.
Commenced Business 1891. Capital Stock f 500,000.
James A. jMacdonald, President. George W. Burchell, Secretary.
Principal Office, No. 49 Cedar Street.
Attorney to accept service in Maryland, . _ - . Charles Kraft.
General Agent in Maryland, . _ - Charles Kraft.
Summary of assets December 31, 1896 :
Real estate % 466,222 09
Stocks and bonds owned by the company, market
value 2,808,889 43
Interest due and accrued 41,505 30
Cash in company's office and in bank 301,504 50
Premiums in course of collection 298,795 77
Bills receivable taken for premiums 551 45
All other assets as per detailed statement 22 80
Total admitted assets |3, 917, 491 34
Assets not adm,itted in Maryland:
Deposits in various States for the protection of
policy holders in such States, market value. . . §431,900 00
Liabilities in said States 309,781 68
Surplus over said liabilities $122,118 32
Liahilities :
Losses reported, adjusted and unpaid |169,341 28
Re-insurance reserve required by law 1,332,286 13
Due and accrued for salaries, etc 16,619 89
Commissions, brokerage, etc 69,656 66
All other liabilities as per detailed statement on
file 38,157 03
Gross liabilities, exclusive of capital 1,626,060 99
Surplus as regards policy holders $2,291,430 35.
Capital stock 500,000 00
Surplus over capital, including surplus of
assets not admitted in this State $1,913,548 67
Queen Insurance Oo. of America, of New York. 215
Income during year:
Cash premiums received $2,018,075 44
Interest on loans and dividends 134,715 91
Actual cash income $2,152,791 35
Expenditures during year :
Amount paid for losses $1,162,630 19
Cash dividends 50,000 00
Commissions and brokerage 319,002 05
Salaries and fees 161,334 47
Taxes paid 48,035 71
All other payments and expenses 128,276 74
Actual cash expenditures $1,869,279 16
Stocks and bonds in statement :
Par value. Market value.
United States Government 5 per cent, bonds, due
1904 $106,000 00 $120,009 66
United States Government 4 per cent, bonds, due
1925 370,000 00 440,300 00
District of Columbia 3.65 per cent, bonds, due
1924 340,000 00 368,829 17
New York City consolidated dock 3 per cent.
bonds, due 1916 100,000 00 100,000 00
New York City additional water stock 3 per
cent, bonds, due 1904 100,000 00 100,000 00
New York City gold consolidated stock 3 per
cent, bonds, due 1925 25,000 00 25,000 00
New York City gold consolidated stock 3 per
cent, bonds, due 1920 50,000 00 50,000 00
New York City gold consolidated stock 3 per
cent, bonds, due 1914 50,000 00 50,000 00
City of Brooklyn public market loan 4 per cent.
bonds, due 1922 50,000 00 54,572 90
City of Brooklyn gold 3^ per cant, bonds, due