294                  BUFFAiLO   CO'MMERCIAL INS. CO.
BUFFALO COMMERCIAL INSURANCE COMPANY
Buffalo, N. Y.
home Office, 455 MAIN STREET.
LIncorporated April 15, 1896; commenced business April 16, 1896; admitted
May
'19, iS96.]
President. CHARLES GIIOBE.N.                  Secretary, ICEO. H. HOFI-IEINS.
Vice Presidents, EDWv7IN B. EGGERT, EDWARD L. KOONS.
CAPITAL STOCK.
Amount of capital paid up in cash ................     $2,00, 000 0(
Amount of ledger assets December 31 of previous year ....     ......  $691
167 74
INCO ME).
Fire.
Gross premiums .....................                   $383,408 76
Deduct gross amout      paid for reinsurance, fire,
$32,9210.32; return premiums, fire, $67,742.41 ........  100,662 73
Total premiums (other than perpetual).                         $282,746 03
Gross interest on mortgage loans .......$7,601 5.
Gross interest on bonds and dividends on stocKs ....     16,172 50
Gross interest on deposits in trust -onipanies and
banks   ...............                                 1,896 73
Gross interest from    all other sources   on  bonds
paid at maturity .........     .........................   87 50
Total gross interest.                                           25,758 29
From .agents' balances previously charged off                           
 18 46
Gross profit on sale or maturity of ledger assets.o. .00.
Tital income .$308,577 78
Total footings .$999,745 52
DISBURSEMENTS.
Fire.
CGross amount paid policyholders for losses (includ-
ing $31,402.43 occurring in l)revious years) ......  $3938,038 76
Deduct amount received for salvage. fire. $3,403.02:
reinsurance, fire, $15,205.73; discount, fire, $428.36  19,037 11.
Net amount paid poliievloldors for losses .................... $219,001 65
Expenses of adjustment and settlement of losses ................      5 ,913
61
Commissions or brokerage .........................                    74,061
18
*Salaries, $3,363.58, and expenses, $2,925.14, of special and general
agents ..................                                            6,288
72