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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 23 of 38)


Pacific Western Division) 1st mortgage gold

bonds, 1921, 5 per cent 30,000 00 34,425 00

Chicago & Northwestern R. R. cons, sinking

fund 1st mortgage bonds, 1915, 7 per cent 25,000 00 34,875 00

Chicago, Rock Island & Pacific R. R. 1st mortgage

bonds, 1917, 6 per cent, registered 25,000 00 31,750 00

Cincinnati, Indianapolis, St. Loxiis & Chicago R.

R. general 1st mortgage gold bonds, 1936, 4 per

cent 28,000 00 27,160 00



278 IIa7nburg- Bremen Ins. Co. of Hamburg, Germany:



Stocks and bonds in statement — Continued :

Par value. Market value.

Denver & Rio Grande R. R. cons. 1st mortgage

gold bonds, 1936, 4 per cent $25,000 00 $22,562 50

East Tennessee, Virginia & Georgia R. R. cons.

mortgage gold bonds, 1956, 5 per cent 25,000 00 26,687 50

Edison Electric Illuminating Co. of New York 1st

mortgage gold bonds, 1910, 5 per cent 20,000 00 21,800 00

Illinois Central R. R. 1st mortgage gold bonds,

1951, Si per cent 50,000 00 50,000 00

Kansas Pacific R. R. (Denver Division) Trust Co.

certificates 20,000 00 19,000 00

Lake Erie & Western R. R. 1st mortgage 50-year

gold bonds, 1937, 5 per cent 30,000 00 35,100 00

Long Island R. R. cons. 1st mortgage gold bonds,

1931, 5 per cent 30,000 00 35,400 00

Louisville & Nashville R. R. 1st mortgage 50-year

gold bonds, 1937, 5 per cent 30,000 00 28,500 00

New York, Chicago and St. Louis R. R. 1st mort-
gage gold bonds, 1937, 4 per cent 30,000 00 31,050 00

New York, Lake Erie & Western R. R. cons.

1st mortgage gold bonds, 1930, 7 per cent 25,000 00 34,750 00

Northern Pacific R. R. land grant sinking fund

1st mortgage gold bonds, 1921, 6 per cent, reg-
istered ." 20,000 00 23,200 00

Oregon Railway & Navigation Co. 1st mortgage

â–  gold bonds, 1909, 6 per cent 10,000 00 11,312 50

Pennsylvania Co. guaranteed 1st mortgage gold

bonds, 1921, 4i per cent 30,000 00 33,300 00

Pennsylvania R. R. cons, mortgage gold bonds,

1943, 4 per cent 15,000 00 16,050 00

Pennsylvania R. R. cons, mortgage gold bonds,

1919, 5 per cent 10,000 00 11,800 00

Pittsburgh, Cincinnati, Chicago & St. Louis R, R.

guaranteed cons, mortgage gold bonds, series

A, 1940, 4i per cent 30,000 00 32,400 00

St. Paul, Minneapolis & Manitoba R. R. cons. 1st

mortgage gold bonds, 1933, 4^ per cent 30,000 00 31,500 00

Scioto Valley & New England R. R. guaranteed

1st mortgage gold bonds, 1989, 4 per cent 30,000 00 24,300 00

Union Pacific R. R. Trust Co. certificates 20,000 00 20,600 00

Wabash R. R. 1st mortgage 50-year gold bonds,

1939, 5 per cent 30,000 00 31,650 00

$1,221,500 0011,303,500 00
Total amount at risk December 31, 1896 $127,457,557 00



Imj^erial Insurance Co. of London, Eng. 279

SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
UNITED STATES BRANCH OF THE

IMPERIAL INSURANCE COMPANY
OF LONDON, ENGLAND.

Commenced Business iS6S.

J. J. Courtney, General Attor7iey.

Principal Office, No. 33 Pine Street, New York, N. Y.

Atior7iey to accept service hi Maryland, - - - J- Savage Williams.
General Agents in Maryland, ... Williams & Thompson.

Summary of assets December 31, 1896 :

Real estate §476,634 70

Stocks and bonds owned by the company, market

value 830,419 16

Cash in company's office and in bank 89,481 06

Premiums in course of collection .... 156,144 58

Bills receivable taken for premiums 2,444 00

All other assets as per detailed statement 2,757 50

Total admitted assets §1,557,881 00

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

policy holders in such States, market value. . . §269,806 25
Liabilities in said States 76,288 77

Surplus over said liabilities $193,517 48

Liabilities:

Losses reported, adjusted and unpaid 67,771 73

Re-insurance reserve required by law 727,439 19

All other liabilities as per detailed statement on

file 11,397 67

Gross liabilities, exclusive of capital 806,608 59

Surplus as regards policy liolders 1751,272 41

Surplus over capital, including surplus of

assets not admitted in this State $944,789 89



Income during year :

Cash premiums received §1,105,068 45

Interest on loans and dividends 40,468 30

From other sources 34,403 97

Actual cash income $1,179,940 72



280 Imperial Instirance Co. of London, Eng.

Expenditures during year:

Amount paid for losses $625,425 66

Commissions and brokerage 209,730 30

Salaries and fees 98jl45 46

Taxes paid 30,692 96

All other paj'ments and expenses 60,248 24

Actual cash expenditures $1,024,242 62

Stocks and bonds in statement:

Par value. Market vaine.

Deposited with the superintendent of Insurance

Department State of New York, at Albany,

United States 4 per cent, funded loan, 1907,

registered, (currency) $236,000 00 $259,895 00

New York Citj^ 3 per cent, school-house bonds,

due 1908, (currency) 50,000 00 49,250 00

Deposited with the Insurance Department State

of Ohio, at Columbus, United States 4 per

,cent. funded loan, 1907, registered, (currency) 120,000 00 132,150 00
Deposited with the State of Virginia, at Rich-
mond, United States 4 per cent, funded loan,

1907, registered, (currency) 50,000 00 ' 55,062 50

Deposited with State of Oregon, at Salem, United

States 4 per cent, funded loan, 1907, registered,

(currency) 50,000 00 55,062 50

Deposited with the State of Georgia, at Atlanta,

United States 4 per cent, funded loan, 1907,

registered, (currency) '. 25,000 00 27,531 25

City of Boston 3-| per cent, bonds, (court-house

loan,) due 1919, (currency) 50,000 00 51,312 50

West Shore R. R. Co. 4 per cent. 1st mortgage

guaranteed bonds, due 2361, (currency) 100,000 00 107,000 00

West Virginia State deferred certificate, (cur-
rency) 28,666 67 1,720 00

County of Essex (N. J.) 3.65 per cent, bonds,

(park,) due 1935, (gold) 100,000 00 102,520 83

Lehigh Vallej'' R. R. Co. 4-| per cent. 1st mort-
gage bonds, due 1940, (gold) 40,000 00 40,800 00

City of Providence 3i per cent, bonds, (water

loan,) due 1916, (gold) 50,000 00 51,270 83

City of Boston 3-| per cent, bonds, (public park

loan,) due 1917, (gold) 50,000 00 51,625 00

City of New York 3 per cent, bonds, (Harlem

River Bridge loan,) due 1920, (gold) 60,000 00 59,400 00

Hudson County (N. J.) 4^ per cent, bonds, (new

public road,) due 1925, (gold) 50,000 00 55,625 GO

$1,059,666 67 $1,100,225 41



Lancashire Fire Ins. Co. of Manchester^ England. 281



Total amount at risk December 31, 1896 $147,705,981 00

Business in Maryland in 1896 :

Fire risks written in 1896 §1,067,233 00

Premiums received 10,619 05

Losses paid 6,854 75

Losses incurred 1,752 91



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
UNITED STATES BRANCH OF THE

LANCASHIRE FIRE INSURANCE COMPANY
OF MANCHESTER, ENG.

Commenced. Business 1S72.

E. Litchfield, Manager.
Principal Office, No. 25 Pine Street, New York City.
Attor7iey to accept service ill Maryland^ ... C.R.Gallagher.
Ge7ieral Agents iii Maryland, - - Allmand & Gallagher.

Summary of assets December 31, 1896 :

Real estate , $ 385,585 72

Stocks and bonds owned by the company, market

value 1,291,042 50

Cash in companj^'s office and in bank 114,865 88

Premiums in course of collection 269,507 43

Total admitted assets $2,061,001 53

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

policy holders in such States, market value. . . $247,250 00
Liabilities in said States 117,723 04

Surplus over said liabilities $129,526 96

Liabilities :

Losses reported, adjusted and unpaid $187,257 69

Re-insurance reserve required by law 1,181,415 60

All other liabilities as per detailed statement on

file 45,000 00

Gross liabilities, exclusive of capital 1,413,673 29

Surplus as regards policj' holders $647,328 24



282 Lancashire Fire Ins. Co. of Manchester, England.



Surplus over capital, including surplus of

assets not admitted in this State $776,855 20

Income during year :

Cash premiums received $1,872,989 98

Interest on loans and dividends 66,922 65

From other sources .... 8,721 33

Actual cash income $1,948,633 96

Expenditures during year :

Amount paid for losses $1,045,713 21

Commissions and brokerage 323,077 43

Salaries and fees 178,570 95

Taxes paid 45,289 00

All other paj'^ments and expenses 148,155 82

Actual cash expenditures $1,740,806 41

Stocks and bonds in statement :

Par value. Market value.

4 per cent. United States bonds $500,000 00 $552,500 00

6 per cent. United States currency bonds, 1898. . 100,000 00 102,875 00
Albany & Susquehanna R. R. Co., 6 per cent. . . 15,000 00 17,550 00
Atchison, Topeka & Santa Fe R. R. Co., 4 per

cent 34,000 00 27,030 00

Atchison, Topeka & Santa Fe R. R. Co., 4 per

cent.. 18,000 00 7,762 50

Baltimore & Ohio R. R. Co., 4 per cent 10,000 00 10,150 00

Baltimore & Ohio R. R. Co., 5 per cent 25,000 00 25,625 00

Baltimore & Ohio R. R. Co., 6 per cent 20,000 00 21,200 00

Baltimore & Ohio R. R. Co., 6 per cent 20,000 00 22,400 00

Brooklyn & Montauk R. R. Co., 5 per cent. . . . 30,000 00 31,800 00
Chicago, Burlington & Quincy R. R. Co. (Iowa

Div.), 4 per cent 35,000 00 33,600 00

Chicago, Milwaukee & St. Paul R. R. Co. (Chi-
cago & Pacific Western Div.), 5 per cent 45,000 00 51,300 00

Chicago & Northwestern Extension bonds, 4 per

cent 40,000 00 40,050 00

Chicago, Rock Island & Pacific R. R. Co., 6 per

cent 20,000 00 25,400 00

Cleveland, Cincinnati, Chicago & St. Louis R. R.

Co., 4 per cent 25,000 00 22,500 00

Cleveland, Cincinnati, Chicago & St. Louis R. R.

Co. (C. W. & M. Div.), 4 per cent 25,000 00 22,750 00

Chicago, St. Louis & New Orleans R. R. Co., 7

per cent 15,000 00 15,300 00

Chicago, St. Louis & New Orleans R. R. Co.

(Memphis Div.), 4 per cent 25,000 00 24,250 00



Lancashire Fire Ins. Co. of Manchester, England. 283



Stocks and bonds in statement — Continued:

Par value. Market value.

Chicago, St. I;Ouis and New Orleans R. R. Co., 5

percent 110,000 00 |11,750 00

City of Portland (Oregon) water bonds, 5 per

cent 50,000 00 56,500 00

County of Essex (N. J.) park bonds, 3.65 per

cent 25,000 00 25,500 00

Detroit, Monroe & Toledo R. R. Co., 7 per cent. 19,000 00 23,750 00

Illinois Central R. R. Co., 4 per cent 10,000 00 10,000 00

Illinois Central R. R. Co. (Springfield Div.), 6

per cent 20,000 00 20,800 00

Michigan Central R. R. Co. (Grand River Valley

Div.), 6 per cent 15,000 00 17,850 00

Milwaukee & St. Paul R. R. Co. (Iowa & Minn.

Div.), 7 per cent 10,000 00 12,825 00

New York Central & Hudson River R. R. Co., 6

per cent 10,000 00 11,500 00

New York, Lackawanna & Western R. R. Co., 6

per cent 15,000 00 19,950 00

Northern Central R. R. Co., 6 per cent 13,000 00 14,690 00

North Pennsylvania R. R. Co., 7 per cent 10,000 00 12,200 00

Ottumwa, Cedar Falls & St. Paul R. R. Co., 5

percent.' 20,000 00 21,800 00

Philadelphia & Erie R. R. Co., 6 per cent 18,000 00 23,580 00

Pennsylvania R. R. Co., 6 per cent 20,000 00 23,200 00

Pennsylvania R. R. Co., 4^ per cent 10,000 00 11,100 00

Rome, Watertown & Ogdensburg R. R. Co., 5

per cent 25,000 00 29,250 00

Syracuse, Binghamton & New York R. R. Co., 7

percent 22,000 00 27,500 00

State of Georgia bonds, 3^ per cent 25,000 00 25,000 00

St. Paul & Northern Pacific R. R. Co., 6 per cent. 22,000 00 27,280 00
St. Paul, Minneapolis & Manitoba R. R. Co., 4i

percent 25,000 00 26,125 00

St. Paul, Minneapolis & Manitoba R. R. Co., 4

per cent 25,000 00 22,000 00

Western Pennsylvania R. R. Co., 4 per cent 10,000 00 10,100 00

11,431,000 00 $1,538,292 50

Total amount at risk December 31, 1896 $219,684,413 00

Biisiness in Maryland in 1896:

Fire risks written in 1896 $1,357,347 00

Premiums received • 15,261 93

Losses paid 10,715 37

Losses incurred 7,834 56



284 Lion Fire Insurance Co. of London, England.

SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
UNITED STATES BRANCH OF THE

LION FIRE INSURANCE COMPANY
OF LONDON, ENGLAND.

Commenced Business 1880.

Martin Bennet'i", Manager.

Principal Office, 197 Asylum Street, Hartford, Conn.

Attorney fo accept service in Maryland., ... Thomas E. Bond.

General Agent in Maryland., - - - Thomas E. Bond.

Summary of assets December 31, 1896 :

Real estate $ 9,000 00

Loans on mortgage of real estate 192,100 00

Stocks and bonds owned by the company, market

value 284,225 00

Interest due and accrued 10,600 53

Cash in company's office and in bank 136,460 87

Premiums in course of collection 59,848 19

Total admitted assets . . . : |692,234 59

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

policy holders in such States, market value. . . $198,062 50
Liabilities in said States 47,907 23

Surplus over said liabilities |150,155 27

Liabilities :

Losses reported, adjusted and unpaid | 50,783 57

Re-insurance reserve required by law 337,007 59

All other liabilities as per detailed statement on

file 11,017 79

Gross liabilities exclusive of capital 398,808 95

Surplus as regards policy holders $293,425 64

Surplus over caintal, including surplus of

assets not admitted in this State $443,580 91



Lion Fire Insurance Co. of London^ England. 285

Income during year :

Cash premiums received $551,558 94

Interest on mortgages 9,312 71

Interest on loans and dividends 18,643 53

Actual cash income |579,515 18

Amount paid for losses $330,450 93

Commissions and brokerage 109,445 17

Salaries and fees 38,629 63

Taxes paid 15,049 55

All other payments and expenses 42,697 37

Actual cash expenditures $536,272 65

Stocks and bonds in statement :

Par value. Market value.

United States registered 4 per cent, bonds, due

1907, atllOi $50,000 00 $55,062 50

Brooklyn 3 per cent, school improvement bonds,

$50,000 due Jan. 21, 1917; $50,000 due Jan. 21,

1918; $50,000 due Jan. 21, 1919, at 102 150,000 00 153,000 00

Brooklyn 3 per cent, improvement loan bonds,

due Feb. 13, 1913, at 102 50,000 00 51,000 00

Brooklyn 3 per cent, park purchase bonds, due

Jan. 1, 1916, at 102 10,000 00 10,200 00

City of Richmond bonds, $15,000 due 1923 ;

$2,000 due 1925, at par 17,000 00 17,000 00

Georgia State bonds, due Jan. 1, 1923, at par 25,000 00 25,000 00

Central Railroad of New Jersey 5 per cent, bonds,

due July 1, 1987, at 114i 25,000 00 28,625 00

County of Lucas (Ohio) court-house bonds, due

March 1, 1944, at 101, 100,000 00 101,000.00

Baltimore & Ohio 4^ per cent, bonds, due June 1,

1934, at 100 25,000 00 25,000 00

Staten Island Railway 4^ per cent, bonds, due

June 1, 1943, at 102^ 16,000 00 16,400 00

$468,000 00 $482,287 50
Total amount at risk December 31 , 1896 $61,800,748 00

Business in 3Iarylaud in 1896 :

Fire risks written in 1896 $382,412 00

Premiums received 4,330 85

Losses paid 7,313 54

Losses incurred 3,437 30



286 Liverpool and London and Globe Ins. Co. of Liverpool.

SWORN STATEMENT FILED IX THIS DEPARTMENT OF THE
UNITED STATES BRANCH OF THE

LIVERPOOL AND LONDON AND GLOBE INS. CO.
OF LIVERPOOL, ENG,

Commenced Business 1849.

Henry W. Eaton, Pj-esident-Matiager.

Principal Office No. 45 William Street, New York City.

Attorney to accept service in Maryland, - - - W. Stewart Polk.

General Agent in Marylajid, - - W. Stewart Polk.

Summary of assets Deceraber 31, 1896 :

Real estate $1,730,000 00

Loans on mortgage of real estate 3,311,718 64

Stocks and bonds owned by the company, market

value 2,162,675 00

Interest due and accrued 45,998 26

Cash in company's office and in bank 846,101 52

Premiums in course of collection 948,702 43

All other assets as per detailed statement 30,349 48

Total admitted assets $9,075,545 33

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

policy holders in such States, market value. . . $264,000 00
Liabilities in said States 226,543 87

Surplus over said liabilities $37,456 13

Liabilities :

Losses reported, adjusted and unpaid $516,707 91

Ee-insurance reserve required by law 4,139,250 20

All other liabilities as per detailed statement on

file 363,583 02

Gross liabilities, exclusive of capital $5,019,541 13

Surplus as regards policy holders , $4,056,004 20

Surplus over capital, including surplus of

assets not admitted in this State $4,093,460 33



Liverpool and London and Glohe Ins. Co. of Liverpool. 287



Income during year :

Cash i^remiums received $5,370,686 53

Interest on mortgages 151,969 19

Interest on loans and dividends 107,000 96

From other sources 57,058 29

Actual cash income $5,686,714 97

Expenditures during year :

Amount paid for losses $2,862,317 24

Commissions and brokerage 935,376 99

Salaries and fees 320,629 88

Taxes paid 114,840 19

All other payments and expenses 325,199 26

Actual cash expenditures 14,558,363 56

Stocks and bonds in statement :

Par value. Market value.

United States 4 per cent, bonds of 1925 at 120.. $1,055,000 00 $1,266,000 00
United States 4 per cent, bonds of 1907 at 111.. 520,000 00 577,200 00

City of Richmond 8 per cent, bonds at 129 5,000 00 6,450 00

New York City gold 3i per cent, bonds of 1922

at 1071 100,000 00 107,375 00

City or Boston 5 per cent, bonds at 114i 180,000 00 205,650 00

$1,860,000 00 $2,162,675 00
Total amount at risk December 31, 1896 $849,088,794 00

Business in Maryland in 1896 :

Fire risks written in 1896 $5,162,639 00

Premiums received 48,428 83

Losses paid 24,822 72

Losses incurred 10,422 72



288 London Assurance Co. of London^ Eng.



SWORN STATEMEN*!' FILED IN THIS DEPARTMENT OF THE
UNITED STATES BRANCH OF THE

LONDON ASSURANCE COMPANY
OF LONDON, ENGLAND.

Commenced Business 1872.

Charles L. Case, Manager.

Principal Office, No. 44 Pine Street, New York City.

Attorney to accept service in Maryland, - - E.G. Donnelly,

General Agents in Maryland, - - Maury & Donnelly.

Summary of assets December 31, 1896 :

Eeal estate $28,000 00

Stocks and bonds owned by the company, market

value 1,650,384 38

Interest due and accrued 5,889 59

Cash in company's office and in bank 172,975 07

Premiums in course of collection 220,481 55

Bills receivable taken for premiums 19,264 55

All other assets as per detailed statement 14,191 97

Total admitted assets $2,111,187 11

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

policy holders in such States, market value. . . . 245,471 87
Liabilities in said States 53,570 50

Surplus over said liabilities $191,901 37

Liabilities :

Losses reported, adjusted and unpaid $150,336 86

Re-insurance reserve required by law 748,927 77

All other liabilities as per detailed statement on

file.. 34,514 26

Gross liabilities, exclusive of capital 933,778 89

Surplus as regards policy holders * $1,177,408 22

Surplus over capital, including surplus of

assets not admitted in this State $1,369,309 59



London Assurance Co. of London., Eng. 289



Income during year :

Cash premiums received §1,267,5^^4 10

Interest on mortgages 675 00

Interest on loans and dividends 73,666 81

Actual cash income ^1,341,845 91

Expenditures during year :

Amount paid for losses , . ^670,258 33

Commissions and brokerage 209,151 56

Salaries and fees 90,191 72

Taxes paid 32,784 54

All other payments and expenses 81,833 81

Actual cash expenditures §1,084,169 96

Stocks and bonds in statement:

Par value. Market value.

United States registered 4 per cent, bonds §630,000 00 §693,787 50

United States 4 per cent, coupon bonds, due 1925 31,000 00 37,238 75

Baltimore Belt E. R. 5 per cent, gold bonds 16,000 00 14,720 00

Central R. R. of Xew Jersey general mortgage 5

per cent, gold bonds 40,000 00 47,200 00

Chicago, Milwaukee & St. Paul R. R. (Western

Division) 1st mortgage 5 per cent, gold bonds. . 25,000 00 28,687 50
Chicago, Milwaukee & St. Paul R. R. Terminal 5

per cent, gold bonds 25,000 00 27,750 00

Milwaukee & St. Paul R. R. (St. Paul Division)

1st mortgage 7 per cent, gold bonds 50,000 00 64,250 00

Chicago, St. Louis & New Orleans R. R. 5 per

cent, gold loan 8,000 00 9,400 00

Colorado Midland Ry. Co. 1st mortgage 6 per

cent, gold bonds 35,000 00 24,325 00

Denver & Rio Grande 1st consolidated general

mortgage 4 per cent, gold bonds 30,000 00 27,075 00

Erie Ry. consolidated mortgage 7 per cent, gold

bonds 50,000 00 69,000 00

Lehigh Valley Ey. Co. 1st mortgage 4^ per cent.

gold bonds 30,000 00 30,600 00

Long Island R. R. 1st consolidated mortgage 5

per cent, gold bonds 45,000 00 53,100 00

Louisville & Nashville R. R.(N. 0. & M. Division)

1st mortgage 6 per cent, gold bonds 25,000 00 29,500 00

Milwaukee, Lake Shore & Western R. R. (Michi-

igan Division) 1st mortgage 6 per cent, gold

bonds ,..,... .,,, 25,000 00 32,500 00



290 London Assurance Co. of London., Eng.

Stocks and bonds in statement:

Par valui;. Market value.

Philadelphia & Reading R. R. general mortgage

4 per cent, gold bonds $15,000 00 §12,262 50

Pittsburg, Cincinnati, Chicago & St. Louis con-
solidated 4i per cent, gold bonds 25,000 00 27,000 00

St. Paul, Minneapolis & Manitoba R. R. consoli-
dated 6 per cent, gold loan 25,000 00 .31,250 00

St. Paul, Minneapolis & Manitoba R. R. 2d mort-
gage 6 per cent, gold bonds 30,000 00 35,400 00

Scioto Valley & New England R. R. 1st mortgage

4 per cent, gold bonds 30,000 00 24,300 00

City of Richmond (Ya.) 4 per cent, gold bonds.-. 50,000 00 50,000 CO

Carthage, '\Vate^to^vn & Sacketts Harbor R. R. 5

per cent, gold bonds 33,000 00 33,660 00

United States Mortgage & Trust Company 1st

mortgage trust A\ per cent, gold bonds 35,000 00 35,000 00

City of Xew York (water stock) 3 per cent, due
1907 40,000 00 39,200 00

City of New York (water stock) 3 per cent., due
1904 35,000 00 34,300 00

City of Xew Y'ork (water stock) 3^ per cent., due

1904 25,000 00 25,250 00

City of Xew Y'ork (school-house) 3i per cent., due
1911 10,000 00 9,850 00

City of Brooklyn (local improvement) 3 per cent.

bonds, due 1912 100,000 00 94,000 00

City of Boston (public park loan) 31 per cent.

bonds, due 1920 100,000 00 102,000 00

Cleveland, Cincinnati, Chicago & St. Louis R. R.

1st mortgage 4 per cent, gold bonds 50,000 00 44.250 00

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

gold bonds .50.000 00 55,000 00

Chesapeake & Ohio R. R. 1st consolidated 5 per

cent, gold bonds 50,000 00 54,000 00

$1,768,000 GO $1,895,856 25

Total amount at risk December 31, 1896 $171,084,608 00

Business in Maryland in 1896 :

Fire, marine and inland risks written in 1896 $2,180,657 00

Premiums received 21,118 98

Losses paid 7,619 21

Losses incurred ,,.,,.,.,.,-,...,...,, 8,444 21



London and Lancashire Ins. Co. of Liverpool, Eng. 291

SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE
UNITED STATES BRANCH OF THE

LONDON AND LANCASHIRE INSURANCE CO.
OF LIVERPOOL, ENGLAND.

Commenced Business 1S79.

Archibald G. McIlvaine, Jr., Matiager for the Eastern, Middle atid

Southern Departnietits.

Principal Office, Nos. 57 and 59 William St., New York, X. Y.

Attorney to accept service in Mary Imid, - - - John P. Lauber.

General Agent in Marylatid, - - - John P. Lauber.

Summary of assets December 31, 1896 :

Real estate $ 299,125 00

Stocks and bonds owned by the company, market

value 1,677,768 00

Interest due and accrued 500 00

Cash in company's office and in bank 182,869 09

Premiums in course of collection 292,486 21

Bills receivable taken for premiums 7,400 73

All other assets as per detailed statement 7,202 71

Total admitted assets $2,467>351 74

Assets not admitted, in Ma.ryland :
Deposits in various States for the protection of

policy holders in such States, market value. . . 259,262 00
Liabilities in said States 114,224 94

Surplus over said liabilities $ 145,037 06

Liahilities :

Losses reported, adjusted and unpaid $ 129,242 06

Re-insurance reserve required by law 1,363,246 99

All other liabilities as per detailed statement on
file 97,637 34

Gross liabilities, exclusive of capital $1,590,126 39

Surplus as regards policy holders $ 877,225 35

Surplus over capital, including surplus of assets

not admitted in this State $1,022,262 41

Income during year :

Cash premiums received $1,750,496 31

Interest on loans and dividends 88,349 90

From other sources 6,629 63

Actual cash income $1,845,475 84



292 London and Lancashire Lns. Co. of Liverpool, Eng.

Expenditures during year:

Amount paid for losses $850,927 06

Commissions and brokerage 337,826 29

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