456                      GERMAN     ALLIANCE INS. CO.
GERMAN ALLIANCE INSURANCE COMPANY
New York City.
Home Office, 1 LIBERTY      STREET.
1 Incorporated February, 1897; commenced business February 8, 1897; ad-
mitted March 21, 1887.]
President, WILLIAM     N. KREMER.                    Secretary, CHAS. G.
SMITH.
CAPITAL STOCK.
-Amount of capital paid up in cash     .     ...........  $400,000 00
Amount of ledger assets December 31 of previous year ............. $1,49,840
95.
INCOME.
Fire.
Gross premiums      ..................................... $3,321,584 52
Deduct gross amount paid for reinsurance and return
premiums: fire ...........     ......................... 2,708,265 2S
Total premiums (other than perpetual) ......................           $
6 613,319 24
,Gross interest on mortgage loans ....................     $2,049 00
Gross interest on bonds and dividends on stocks.....       73,263 53
Gross interest on deposits in trust companies andl
banks .........................                             495 49
'Gross interest from all other sources .......................  212 00
Total gross interest and rents ...............................     76,020
02
Total income .................................I..............    $689,339
96
Total footings ............              .                     $2,539,180
21
DISBURSEMENTS.
'Fire.
-Gross amount paid policyholders for losses (includ-
ing $236,593.15 occurring in previous years) ........ $1,575,141 14
Deduct amount received for salvage: fire, $29,696.23;
reinsurance: fire, $1,188,663.81; discount: fire,
$391.49 .  .............................................  1,218,751 53
Net amount paid policyholders for losses       .   .    ........  $356,389
61
Expense of adjustment and settlement of losses       .    .    .......  
$5,852 58
'Commissions or brokerage .........  .....................    ..........
 165,981 91
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes .        ........................................
 2,700 00
Postage, telegrams, telephone and express          .     .     .......  
   441 40
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses .         ..............................................
3 ,226 02
'State taxes on premiums .       ............................................
 10,171 40
Insurance department licenses and fees               .     .     .      
 2,250 62
All other licenses, fees and taxes:
Federal corporation tax .............................      $839 28
Municipal ..........................................      1,579 63
County .............................................         70 88
2,489 79
'Other disbursements: Miscellaneous office expenses ................    
   280 50
Paid stockholders for interest or dividends ......                      
60,000 00
Gross loss on sale or maturity of ledged assets: Stocks.200 00
Total disbursements .........       ................................  $609,983
83
Balance ................................................ $1,929,196 38