M\IEC-LIANICS MUTUAL FIRE INS. CO.                      1197
MECHANICS MUTUAL FIRE INSURANCE COMPANY
Providence, Rhode Island.
Home Office, S15 GROSVENOR BLDG., 10 WEYBOSSET ST.
[Incorporated 1871; commenced business 1871; andnitted October 23, 1912.]
President, JOHN R. FREEMAN.                 Vice President, BENJ. BUTTOLPH.
Secretary, THEODORE P. BOGERT.
BALANCE SHEET.
Amiount of ledger assets Dec. 31 of previous year.                    $709,058
63
INCOME.
Gross premiums ...$.............................         $381,121 46
Deduct gross amount paid for return premiums ......        23,655 43
Total premiums .     ..............................................  $357,466
03
Grloss interest on bonds and dividends on stocks  $....    34,990 83
Gross interest on deposits in trust companies and
banks ...............                                     2,059 42
Gross interest from all other sources:
Interest on delayed payment of premium deposit                9 22
Total gross interest and rents ................................    37,059
47
From other sources:
Sale of rights, Chicago, Milwaukee & St. Paul Ry. Co .........      
     10.3 1.3
Gross profits on sale or maturity of ledger assets: Stocks .........    
 4,346 50
Total income ..............    ...................................  $398,975
13
Total footings ..........      ................................ $1,108,033
76
DlSBURSEMENTS.
Gross amount paid policyholders for losses (including $920.94 oc-
curring in previous years) .........     ...............................
 $33,297 93
Salaries, fees and all other charges of officers, directors, trustees
and home office employes .........        ..............................
 8,879 50
Rents .................. :        .   .   .  .    ..      ..    .817 57
Advertising, $4.75; printing and stationery, $6tf.82' ....................
 703 !;7
Postage, telegrams, telephone and express ......     .................. 
  429 21
Legal expenses ...................................                      
   55 I1
Furniture and fixtures     .........................    .....           
  335 5
Fire department, fire patrol and salvage corps assessments, fees,
taxes and exnenses 1..       .    .  .    .      ..      .    .
Inspections and surveys .........................................;.     
14,515 -  37
State taxes on premiums ...........................................     
 5,139 67
Insurance department licenses and fees .443 23
All other licenses, fees and taxes:
Federal corporation tax .    ....................6 ,23108 42
Municipal tax .....9.................
16,039 75
Other disbursements: Incidental expenses..                              
    06 0
Return of unabsorbed premium deposit to policeyholders ...........      297,147
17
Gross decrease, by   adjustment, in book value of ledger assets:        
 4449 63
Stocks ..........................................................
Total disbursements ...........      ...............................  $383,383
57
Balance ............................ tm * * * ** *e * * ** ** * * * ** ss
s ..................$724,650 19