Best's Insurance Reports Volume 9

Best's Insurance Reports Volume 9

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ...December 10, 1906, with an authorized capital of $500,000, of which $50,000 had been subscribed and $35,250 paid in by December 31, 1906. Additional amounts were paid in during 1907. The incorporators of the company were A. C. Baker, J. R. Young, and A. C. Morrison, who was in the insurance business in Des Moines, Iowa, at one time. On October 29, 1907, A. C. Morrison, who had been acting as secretary of the company, informed us that he had not been connected with it as an officer or stockholder since July 25, 1907. It furnished us a special statement as of October 31, 1907. showing $100,000 paid-in capital and $16,176.31 surplus. It then stated that its funds were loaned on real estate mortgages, at not exceeding 40% of the value of the property. The statement as of December 31, 1907, differs essentially from the one just referred to. The new statement shows total assets of $108,074.66 consisting mainly of loans on collateral security and bills receivable taken for premiums, together with $18, ONTARIO FIRE INSURANCE COMPANY, Toronto, Ont. President, ROBERT THOMSON. Vice-President and Managing Director, R. S. EWING. Secretary, PERCY W. THOMSON. 23,500 Georgia RR. & Banking Co. 5Z bonds, 1922 28,500 Great No. Ry.. C., B. & Q., No. Pacific 4% 4,450 coll. joint bonds, 1921 4,450 Illinois Cen. RR. Co. (Louisville Div.) 3%% 1st 18,800 mort. bonds. 1953 20,000 23,500 Kanawha & Mich. RR. Co. 4'/, 1st mort. bds., 1990 25.000 7,130 Lake E. & West. RR. Co. 51 1st mort. bonds, 1937 50,000 9,500 Lehigh & N. Y. RR. Co. 4% 1st mort. bonds, 1045 10,000 84,250 Lehigh Val. Ter. RR. Co. 5% 1st mort. bds., 1941. 12.000 18,920 Minn. & St. L. RR. Co. 5% 1st con. m. bds., 1934 10,000 Minn. & St. L. RR. Co. 4; 1st m. ref. bds., 1949. 30,000...show more

Product details

  • Paperback | 250 pages
  • 189 x 246 x 13mm | 454g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236588975
  • 9781236588975