312                           CALUMET INS. CO.
CALUMET INSURANCE COMPANY
Chicago, Illinois.
Home Office, INSURANCE EXCHANGE BLDG.
[Incorporated January 21, 1905;, commenced business March 22, 1905; admitted
1905.]
President, W. IRVING OSBORNE.                Vice President, JAMES M. PATTEN.
Secretary, OTTO    E. GREELEY.                   Treasurer. OTTO D. GREELEY.
CAPITAL STOCK.
Amount of capital paid up in cash .......       ...........  $300,0}0 00
Amount of ledger assets December 31 of previous year ..............     $793,432
45
INCOME.
Fire.
Gross premiums ............      .........................  $745,517 48
Deduct gross amount paid for reinsurance, fire,
$251,777.09; return premiums, fire, $153,056.10 .        404,833 79
Total premiums (other than perpetual)           ...........................
 $340,683 69
Gross interest on mortgage loans ......       .............   $810 00
Gross interest on bonds and dividends on stocks     ....    25,523 95
Gross interest on deposits in trust companies and
banks ...............................................        452 61
Total gross interest ........     ...................               26,786
56
From agents' balances previously charged off .....         ...............
  831 40
Gross profit on sale or maturity of ledger assets, viz.: Bonds     .... 
  4,861 25
Total income .       ................................................  $373,162
90
Total footings ..........      ................................ $1,166,595
35
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $68,171.87 occurring in previous years ........     $394,757 91
Deduct amount received for salvage, fire. $2.617.64:
reinsurance, fire, $119,357.17; discount, fire, $521.37  122,496 18
NTet amount paid policyholders for losses ............  I   .............
 $272,261 73
E1,xpenses of adjustment and settlement of losses ........5..........   
  5,992 02
Commissions or brokerage ..........         ...............................
 44,896 13
Allowances to local agencies for miscellaneous agency expenses .96 96
Salaries, $8,184.05, and expenses, $20,933.27, of special and general
P Lyents ...........................................................    29,117
32
Salaries, fees. and nfl other charges of officers, directors, trustees
and home office employes .         .........................................
 27,025 69
Rents .. .                                                              i5,186
0(9
Advertising. $2.80.68: printing and stationery, $5,032.11 ....   ...... 
  7,938 79
Postage. telegraph, telephone and express ......        ...................
 4,595P. 07
Tegal expenses .      ...................................................
  663 66
Vurnitrire and fixtures ..............1.. .. ... .. .   ................
 1,711 85
Manq. inoluding corrections ........      ..........   .................
  2,711 14
TTnderwriters' boards and tariff associations .        .....................
 2,913 09
Fire department, fire patrol and salvage corps assessments, fees.
taxes and exrenses ............. I    ................................. 
1,782 10
Inspections and surveys .............      ...............................
 5,412 77