698                        NIAGARA FIRE INS. CO,
NIAGARA FIRE INSURANCE COMPANY
New York City.
[Illcorpoiated July, 1850; comminenced business August, 1850; admitted January
19, 1860.]
Home Office, 25 LIBERTY STREET.
Presildent, HAROLD HERRICK,                 Vice President, GEORGE C. HOWE.
Secretary, GEO. W. DEWEY.
CAPITAL STOCK.
Amount of capital paid up in cash ......      ............ $1,900,000 00
Amount of ledger assets Dec. 31 of previous year ................... $6,451,775
09
INCOME.
Fire.
Gross premiums ................$: .................... $4,704,531 67
Deduct gross amount paid for reinsurance, fire, $818,-
097.31; return premiums, fire, $711,870.40 ........... 1, 529,967 71
Total premiums (other than perpetual) .$3,174,503 96
Gross interest on mortgage loans ......................    30,437 84
Gross interest on bonds and dividends on stocks, less
$7,908.69 accrued -interest on bonds acquired during
the year ..............                                 206,691 08
Gross interest on deposits in trust companies and
banks ................................................   23,413 09
Gross interest from all other sources:
Interest from note ..........    ........................   210 00
Interest from deposit with Phila. Underwriters .....          6 30
Total gross interest and rents.                       .          260,758
31
From agents' balances previously charged off       .      ...........   
1,168 45
Gross profit on sale or maturity of ledger assets:
Bonds .1..............................................      12 r0)
Stocks ..............................................    35,583 89
35;686 39
Total income ...............................................  $ 3,472,177
1-1
Total footings .......................................... $9,923,952 20
DISBURSEMENTS.
Fire.
Gross amlloun0lt Maid policyholders for losses (includ-
ing $274,164.48 occurring in previous years) .... $... 1,963,367 34
Dflpec t amount received for salvage, fire. $17 644.56;
reillsurance, fire, $254,348.55; discount, fire, $83.23..  272,1056 34
Net aniount paid policyholders for losses .$1, 6915.11 "           
           0()
Expenses of adjustment and settlement of losses.40.723 0S
Commissions or brokerage ........................                      596,102
45
Salaries, $66,195.89, and expenses, $57,402.88, of special and general
agents .123598 77
Salaries, fees. and all other charges of officers, directors, trustees
and home office employes.                                            200,742
97
Rents .40,180 1)9
Advertising, $4,509.19; printing and stationery, $33,786.27.            38,295
46