LUMBERMENS MUTUAL INS. CO.                           1183
LU1YBERMENS MUTUAL INSURANCE COMPANY
Mansfield, Ohio.
Home Office, LUMBERMEN'S HEIGHTS.
[Incorporated September 11, 1895; commenced business October 10, 1895; ad-
mitted Dec., 1904.1
President, E. S. NAIL.                     Vice President, G. W. CAMPBELL.
Secretary, W. H. G. KEGG.
BALANCE SHEE-T.
Amount of ledger assets December 31 of previous year ...........    $535,495
70
INCOME.
Gross premiums .............    .........................  $459,748 60
Deduct gross amount paid for return premiums      ....   54,025 53
Total premiums .............. :                   ...........  $405,723 07
Gross interest on mortgage loans, less $139.16 accrued
interest on mortgages acquired during 1912    .......  $2,9W  84
Gross interest on bonds and dividends on stocks, less
$220.44 accrued interest on bonds acquired during
1912 .              .                                  17,983 77
Gross interest on deposits in trust companies and
banks .......                                             318 82
Gross interest from  all other sources: On overdue
premiums ..........................................        20 15
Total gross interest and rents .......        .............     21,308 58
From agents' balances previously charged off ......      .....          
 28 23
Total income ..........                                       $427,059 88
Total footings .    ........................................  $962,551 61
DISBURSEMENTS.
Gross amount paid policyholders for losses (includ-
ing $6,077.09 occurring in previous years) ..... ....  $142,563 67
Deduct amount received for discount .....    ...........   245 82
Net amount paid policyholders for losses .........  ...........  $142,317
85
Expenses of adjustment and settlement of losses ..................      
742 44
Commissions and brokerage           ......................            27,260
39
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes ....................   ....................  26,918
41
Advertising, $1,754.73; printing and stationery, $951.67 ..... .......  2,706
40
Postage, telegrams, telephone and express ......   ..................  1,112
12
Legal expenses .......         ......................... .              
869 95
Underwriters' boards and tariff associations ................. .        
50 00
Fire department, fire patrol and salvage corps assessments, fees,
-taxes and expense    ...............................................  827
15
Inspections and surveys      ..................... .....................
 7,743 07
Repairs and expenses (other than taxes) on real estate ...........      
823 39
Taxes on real estate     ........................ ..................... 
135 13
State taxes on premiums      ..................... ...................  4,191
12
Insurance department licenses and fees ......   ...................    1,627
11
All other licenses, fees and taxes:
Federal corporation tax ........    ...................  $106 89
Local corporation tax ...........   ..................    741 27
848 16
58-Ins.-1