PElbICAN ASS -)RIJRlANC'lE lO.


74 I


PELICAN ASSURANCE COMPANY
New York City.
Hoome Office, 100 WILLIAM    STR'.E1ET1'.
[Incorporated March 7, 1899; commenced business May 1, 1899.]
Date of admission into Wisconsin, 1899.
President, L. P. BAYARID.                      Vice President, P1. BE1R?.ESFi'0lsD.
Secretary, A. D. IRVING, JR.
CAPITAL STOCK.
Amount of capital paid up in cash            .$ 200,000 00
Amount of ledger assets December 31 of previous year .............     $
    1,9
I NCOME.
*   Fire.
Gross premiums ...$477...       .      ..........        $477,539 3,8
Deduct gross amount paid for reinsurance, $98,415.44;
return. premiums, $84,839.02 ........................   18S3, 254 46
Total premiumms (other t-han perpetual) ......................   $294. 284
92
Gross interest on bonds and dividends on stocks, less
$369.45 accrued interest on bonds acquired during
the year .......................  .....................  $25,191 93
Gross interest on deposits in trust companies and
banks ...9 914 77
Total gross interest and rents ...................216...........   2 106
71)
Gross increase, by adjustment, in. book value of ledger assets:
Bonds .......... .................................................      
   3 1 2
Total income ............     .....................................  $320,894
74
Total footings ..........................$!.............. $1,942,376 ' 5
DISBURSEMENTS.
Fre.
Gross omount palid policyholders fdr losses (includ-
ing $23.048.69 occurring in previous -years) .........  $ 188,7900 38
Deduct amount received for salvage. $3,487.55; rein-
surance, $37,687.09; discount, $50.16 ................   41,224 80
Net ramount paid polilyholdersl for losses ....................  $147 .:161
.8
E-xpenses of adjustwent alnd settleinenit of loss(es .................."
.3770 58l
Commissions or brokerag-. ........................................      
  7, 7.q2 1(
Allowances to local agencies for mui se)laneomis agency expen s(s .. .  
r     . i1
Elxpenses of special and *-eneral- ents ....s.......................    
   3l2 70
Salaries, fees. ande all other chlarges of doffi((rs, directors. trustees
and home office employes         ........................................
 1., 7.q7 SO
Rents ..................                                                
 I . ., (')(I
lo~tg(. ~e~2J~stlellruA.lfloNlxs...... . . . . . . . . . . . . . . . . .
. . . .   . . . . .  . . . . . . . . . . . . . .  4 _   -  ..... 0 ;i
Advertising $20.17: printin    nd stationery, $3455    ..........
Postage, telegrams, telephone an~d ex pre'ss .............
Tega,-l expenses..............                                          
   41 90
Furniture and fixtures .......................................
Mans, ineluding corrections .........  __     ..........................
TTnderwriters' hoards and tariff aissociations .....     .................
 3,129 26
Fire department. fire patrol anfd salvage corps assessrnents, fees.
taxes and expenses ......7I............                 . ....I...............
I} .....  2 97;