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Parent Issue
Day
8
Month
January
Year
1897
Copyright
Public Domain
OCR Text

ANNUAL STATEMENT For tlie year ending December 31, A. D. 1896, of the coniitlon and affairs of the Washtenaw flutual Fire Insurance Company, located at Ann Arbor City, Mieh., organized tn laws "f the State of Michigan, and doinif business in the Couuty of Wasntenaw, in s;t l State. EMEKY B. LELAND, President, W.M. K. CHILDS, Secretary. Post ofRce address of See'y Ann Arbor, Mich. MEMBERSHIPS. 1 Number of members Deo. 31, ol1 previous year 2,994 2 Numbei1 of members added cluringthe present year Kis 3 Total.-. - 3,162 4 Dediiot number of members ithdrawn during the year, and policies canceled by reason of sale or ottierwise . - 153 5 Nnrnberof members now beloning to company 3,(109 6 Net gain 15 RISKS. 1 Amount ot property at risk Deo. 31, of previous year .:.$ 5,284,(520 00 2 Amount of risks added during' present year. 243,845 00 3 Total 5,528,465 00 4 Deduct risUs eancelcd, withdrawn or terminated 295,820 00 5 Net aniouut now at risk by Company -- 5,232,645 00 6 Net loss... - 51,075 00 KESOURCES. 1 Cash on band.--. I 8 85 2 Assessments of past year unsolleoted 253 or 3 Nature and amount Of all other resources, the capital stock of the company upon which assessments are made 5,232.(545 00 4 Total a vailable resources 5,232,990 ',)2 MAB1LITIBS. 1 Por lO8ses due and payabïe - 5000 2 Por losses not matured (estimatedl ----. 2,200 00 3 Due or to beeome due lorborrowed money -■-- 2,425 00 4 Nature andamountof all other claims, printing, stamped envelopcs, orders, etc - 75 00 5 Total liabilities $ 4.7--.0U0 ■ RECEIPTS. 1 Cash collected on assessments levied durint? the year $ 15,475 12 2 Cash collected on a6sesments levied in prior years - 101 49 3 Cash trom borrowed money, company's notes 12,182 53 4 Cash f rom increased or deereased insurance -- 436 78 5 Cash incouie trom all other sourees 14 70 fi Total cash receipts 28,210 62 7 Add cash balance at close preceding year .- 150 60 8 Total receipts .9 28,361 22 DISBDRSHMBNTS. 1 Losses actually paid during the year tof which $2,482.75 occurred in prior year) $ 13,404 14 2 Salaries and fees paid officer.8 and directors (Schedule A).. 1,112 20 3 All otber disbursements, (Schedule B) mcluding borrowed money and 13,741)03 4 Total expenses actually paid áuring the year $ 28,262 37 5 Cash on band, Dec. 31, 1896 'J8 85 6 Balance down $ 28.3H1 22 SCHEDULE A. Hame of Offlceror Director U o)inm paid: Amt. Wm K. Childs. salary .$ 500 00 E E Lelaii'J, director... 138 40 Wm. Campbi II, " 174 1)0 John K. Spafard. " - 83 50 Edwia Ball, " - 70 50 E. A. Nordman, " 98 00 Wm. E. Stocklng. " and wltness 35 80 J. W. Vfing. auditor , 4 00 H. W. Bassett, ■' 4 00 A. W. Chapman, " 4 00 Total Schedule A 8 1,112 20 SCHBDtTLE B. Items nf "All otlwr Expenses." Amt. Paid 28 r'o. notes borrowed uioaeyS 12,912 58 " Interest on - " " 453 6s " Office rent 52 00 " l'ustage account 114 8ü " 1'rintiuK aud stationery account .. -. -..- 38 45 " Incidental account 10 3 " Assessments relunded 52 " All other expendes 6J 30 " Collectors' commission and exchanse 97 45 Total Schedule B 8 13,746 03 State of Michigan, I . County of v ashtenaw. ( aBI, Wm IC. Childs, secretary of said company, depose and say, thatlhave prepared the forejroiníí statement, and know the contents thereof . and have good reason to believe, aud do believe, said statement to be true. Wm. K. Childs, Secretary. Sworn and subscribed before me, at Anu Arbor, in said Scate and County, this 4th day of January, A. D. 1897. Will W. Watts, Notary Public, Washtenaw County, Micb.

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Subjects
Ann Arbor Argus
Old News