5- 04                       GLENS -FALIAS INS. COl
GLENS FALLS INSURANCE COMPANY
Glens Falls, New         York.
Home Office, CORNE1     GLEN AND BAY STREETS.
[Incorporated 1849; commenced business 1850; admitted 1874.]
President, JT. L. CUNNINGHAM.                   Vice President, R. A. LITTLE.
Secretary, EL. W. WEST.                          Treasurer, C. XJ. DELONG.
CAPITAL STOCK,
Amount of capital paid up in cash ........   ..........  $500,000 00
Amount of ledger assets December 31 of previous year .........   .. $5,571,203
27
INCOME.
Marine and
Fire.        inland.
G-l ross premiums .    .................... $2,866,019 28  $87,450 00
Deduct gross amount paid for rein-
surance, fire. $378,032.18; marine and
inland, $6.077.15; return premiums,
fire, $393,135.64; marine and inland,
$12,959.45 .............................  771,167 82    19,036 60
Total premiums (other than per-
petual) .........   ............. $2,094,851 56  $68,413 40
$2,163,264 96
Gross interest on mortgage loans, less $63.19 accrued
interest on mortgages acquired during the year         $96,270 89
Gross interest on bonds and dividends on stocks, less
$758.80 accrued interest on bonds acquired during
the year .138,948 13
Gross interest on deposits in trust companies and
l)anks .20,345 36
Gross interest from all other sources:
Philadelphia lTnd. association, $6.30: reinslirance
bureau, $48.66; real estate contracts, $186.21           241 17
Gross rents from company's property, including
$250.00 for company's occupancy of its own build-
ings .1,160 31
Total gross interest and rents .............. ...............    256,965
86
Gross profit on sale or maturity of ledger assets,
Bonds ...$...................................... .$1,250 00
Stocks ....,.....................................          448 00
1,0698 00
Gross increase, by adjustment, in book value of
ledger assets, bonds ..............................    $10,5f93 75
Stocs .10, 90 00
21,493 75-)
Total income ........... .          .                 ....... $2.443,422
57
Total footings         .          ....................  $8,014,625 $4