808               SPRINGFIELD     FIRE & MARINE INS. CO.
SPRINGFIELD FIRE & MARINE INSURANCE COMPANY
Springfield, Massachusetts.
Home Office, 195 STATE STREET.
[Incorporated 1849; commenced business 1851.]
Date of admission into Wisconsin, 1851.
President, A. W. DAMON.                         Vice President, C. E. GALACAR.
Secretary, W. J. MACKAY.
CAPITAL STOCK.
Amount of capital paid      up in cash .............. $2,00,000 00
Amount of ledger assets December 31 of previous year .............. $9,684,439
53
INCOME.
Fire.
Gross premiums ............     ......................... $7,550,569 79
Deduct    gross   amount     paid   for   reinsurance,
$1,026,533.86 return premiums, $1,067,304.75 .......... 2,093,838 61
Total premiums (other than perpetual) .................... <    $5,456,731.
18
Gross interest on mortgage loans          .....           $67,02    5   
       18
Gross interest on bonds and dividends on stocks, less
$350.54 accrued interest on bonds acquired during
the year ....         .. . . --- ...... @ .......       334,501 68
Gross interest on deposits in trust companies and
banks ..............................................      4,085 31
Gross interest from all other sources: On Portland,
Ore., real estate charged profit and loss 1907...           456 60
Gross rents for company's occupancy of its own
buildings .    .........................................  18,000 00
Total gross interest and rents       .         .................  424,069
55
From other sources:
Recovery on Portland, Ore., real estate, charged
profit and loss 1907 ..................-.$225 00
Recovery on old real estate account, charred profit
and loss 1897 ............   ........................   3,609 58
Refund of taxes on Mass, bank stock ..............       9,359 83
_-  _      -     13,194 41
Increase in liabilities during the year on account of reinsurance
treaties.                                                             25,262
25
P'rom agents' balances charged off         .          .228 7
Gross profit on sale or maturity of ledger assets:
Bonds .... :                                            $34,043 02
Stocks ............................................       8,450 00
42,493 02
Total income .......... $5,961,978 98
Total footings .......... $15,646,418 51
DISBURSEMENTS.
Fire.
Glross amount paid policyholders for losses (includ-
ing $442,178.09 occurring in previous years) .       $3,469,816 09
Deduct amount received for salvage, $26,739.17; rein-
surance, $548,468.41; discount, $337.91 ..............  575,545 49
Net amount paid policyholders for losses     .     .......... $2,894,270
60
Expenses of adjulstment and settlement of losses          .     .       40,293
12
Commissions or brokerage            ........................ 1,055,260 54