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MUTUAL IAIL AND CYCLONE INSURANCE COMPANI1,S.


ST. PAUL, MUTUAL, HAIL AND CYCLONE INSURANCE
COMPANY,
ST. PAUL, MINNESOTA.
[Organized or Incorporated 1897. Commenced business 1897.]
President, L. C. STEBBINS, St. Paul, Minn.
Secretary, G. R. WALDING, St. Paul, Minn.
Express office of Secretary: 511-12 Pioneer Bldg., St. Paul, Minn.
BALANCE SHEET.
Amount of ledger assets December 31st of previous year   $83,143 18
INCOME.
Assessments actually received on current
year's assessments .......  ............  $188,663 78
Assessments actually received on previous
years' assessments .......  ............   6,597 45
Total collections ...... ............  $195,261 23
Cash received as interest ................  4,763 22
Cash received as borrowed money (date-
borrowed, July 12, 1912, $5,000; Au-
gust 5, 1912, $3,000 ..................  10,000 00
Total income during year ................... . . ...  210,024 45
Total assets of previous year and income ...  $293,167 63
DISBURSEMENTS.
Paid for losses, including $1,036.37 for
losses occurring in previous years ....  $94,274 63
Paid for state taxes on premiums .......     1,573 55
Borrowed money (date repaid, Sept. 25,
1912) .  ................................  10,000 00
Interest on borrowed money ............         96 53
Salaries paid officials ....... ............  12,050 00
Agents' compensation:
Commissions .........       $35,976 80
Adjusters .......    ..      2,534 72
Total paid agents ...... ...........  38,511-52
Paid rent .............   ................     909 30
Postage, printing and advertising ......     2,526 09
Express, telegraph, telephone and ex-
change .    ...............................  541 85