FIRE ASSOCIATION OF PHILADELPHIA.                        431
FIRE ASSOCIATION OF PHILADELPHIA
Philadelphia, Pennsylvania.
Home Office, N. W. CORNER FOURTH & WALNUT STREETS.
[Incorporated March 27, 1820,; commenced business September 1, 1817.]
Date of admission into Wisconsin, 1873.
President, E. C. IRVIN.
Vice Presidents. T. H. CONDERMAN, JOHN B. MORTON.
Secretary, M. G. GARRIGUES.
CAPITAL STOCK.
Amount of capital paid up in cash .......I ..............  $750,000 00
Amount of ledger assets December 31 of previous year .........     $8,876,407
46
INCOME.
Fire.
Gross premiums .       .................................... $5,878,230 00
Deduct   amount    received  for   reinsurance:  tire,
$766,795.32; return premliums: fire, $940,656.55 ...... 1,707,451 87
Total premiums (other than perpetuals) .       ...........    $4,170,778
13
Deposit premiums written on perpetual risks (gross) ...............    29,983
70
Gross interest Han mortgage loans, less $803.44 accrued
interest on mortgages acquired during the year....    $118,684 31
Gross interest on collateral loans ..........              5,630 92
Gross interest on bonds and dividends on stocks, less
$2,389.67 accrued interest on bonds acquired dur-
ing the year .     ......................................  230,402 22
Gross interest on deposits in trust companies and
banks ...               . .                              7,043 84
Gross interest from all other sources: Philadelphia
Underwriters' Assn. on deposit, $6.30; interest on
agent's note, $15.00 .........     ..............           21 30
Gross rents from company's property, including
$68.75 for company's occupancy of its own buildings     22,039 72
Total gross interest and rents ............................... .   383,822
3 1
From other sources:
Earned deposits ................................        $5,164 64
Profit and loss (conscience money) .......               ...........  300
00
*      5,464 64
From agents' balances previously cbnrged off..     .    .               1,187
52
Gross profit on sale or maturity of ledger assets:
Real estate .   .........................................  $1,848 63
Bonds ..............................................     4,125 72
Stocks ..............................................    5,075 00
11,049 35
Total income   .............................................. $4,602,285
65
Total footings ...........                             $13,478,693 11
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (including
$315,754.44 occurring in previous years) ........... $2,759,109 21
Deduct amount received for salvage: fire, $22,895.61;
reinsurance: fire, $371,979.54; discount: fire, $2,050.42  396,925 57
Net amount paid policyholders for losses .... ................ $2,369,183
04
Expenses of adjustment and settlement of losses .39,075 21
Commissions or brokerage .818,281 15
15-Ins.-I