1114         HARDWARE DEALERS MLTTUAL F1IRE INS" CO.
HARDWARE DEALERS MUTUAL FIRE INSURANCE
COMPANY
Berlin, Wis.
[Incorporated April 8, 1904; commenced business April 8, 1904.]
President, 0. P. SCHLAFER.                     Vice President, R. C. MURDOCK.
Secretary. P. J. JACOBS.
Treasurer, H. L. McNAMARD.
BALANCE SHEET.
Amountl of ledger assets Dec. 31 of previous year, as corrected by
examiners for Michigan Ins. Dept .......       .........................
 $91,086 92
INCOME
Gross premiums ........                                  $119,458 04
Deduct gross amount paid for reinsurance, $37.02; return        pre-
miums, $2,006.93 .............  .......................   2,043 95
Total premiums.17440
Totl pemums................. ............................. 4....... 6i ,140
Gross interest on mortgage loans ...........1                           
  4 0
Gross interest on bonds and dividends on stocks, less
$319.71 accrued interest on bonds acquired during
1912 ................................................     1,062 24
Gross Interest on deposits in trust companies and
banks ..............................................        236 66
Gross interest from all other sources: Interest on
premium notes taken .........      ......................     2 05
Total gross interest and rents               .         .           5.374
00
From other sources:
Commissions from other companies .................        $519 64
Reinsurance dividends from other companies .......           71 17
590 51
Gross profit on sale or maturity of ledger assets: Bonds ...........    
  .150 00
Total income ......................' $123,528 90
Total footings ...............   ..........................  $214,615 82
DISBURSEMENTS.
Gross amount paid policyholders for losses (including $5,000.00
occurring in previous years)  ,    .      .    .     ....$37,186 14
Expenses of adjustment and settlement of losses          .       .      
  555 09
Commissions and brokerage .. .............               .....          
  748 35
Salaries, fees fand all other chlarges of officers, directors, trustees
and home office employes ..........................................   6 ,510
3i6
Advertising., $208.45; printing and stationery, $1,315.80   .    .      
1,;524 25
lPostai ge, telegrams, telephone and express          .        .5 62 44
Legal expenses            ................................. .           
     7 32
Furniture and fixtures ............                                     
   249 07
State taxes on premiums ............................................    
  263 07
Insurance department licenses and fees               .        .         
  164 56
All other licenses, fees and taxes:
Federal corporation tax ............................       $24 67
Fire marshal tax ............    .......................     63 00
Recording amendments, notary fees, etc .... I ........      13 97
jot 64