IEPORT OF THE COMMISSIONER OF INSURANCE.


i35




Description.
Armour & Co. real estate 1st 41%. 30-year gold,
due June l. 1939. int.J. & Dl.. Issue $50,000,000.
Wisconsin Gas &     Electric Co. lit 5)% gold, due
June1,1952. Int... & D. 1....................
Southern Bell Tel .& TI'el.Co.o30-yr. 1st a% sinking
fundagold. DuleJan. 1,1941. Int.Jan.&      July 1.
Chicago Itys. Co. 1st 20-yr. 5% gold. Due Feb. 1,
1927. Int.. Feb. & Au-. 1..........................
Western Electric Co. 5% Ist gold. Due Dec. 31,
1922. Int.J.&J.1.. ............................
Chicago City R.v.Co.5% 1st gold    Due Feb.1,1927.
Int. Feb.& Aug 1.................................
Chicago & Eastern Ill. R. R. Co. 5% purchase
money 1st lien coal bonds. Due Feb. 1, 1942.
Int. Feb.& Aug.1 .....................
Commonwealth Edison Co. 5% 1st gold. Due June
1, 1943. Int. M. & S 1.............................
Chicago Tel.Co. 1st 15 yrs. 59c gold. Due Dec. 1,
1923. Redeemable on or after Dec. 1,1913.     Jut.
J.&D. 1..........................................
Cook County Series K, 4% Hospital bonds. Due
June 1. 1923. Int. .J. & D. 1..........    .......
Imperial Ltolling Stock Co.. Ltd. 41% serIes E
1-1912. Canadian Northern Ry. E(uipment 1st
gold. Due March 1,1918. Int. M. & S. 1........
Adirondack Elpotrie' Power Cort). 50-yr 5% 1st
gold. Issue $10,000,000. Due Jan. 1, 1162. Int.
J.& J. .... ......
Powell River Co., Ltd. 1st serial sinlk fund 6%f
gold. Due Jan. 1, 1923, and Jan. 1,1924. hit. .1.
& J.1................................................
Imperial Rolling Stock Co.. LId. 4i% Series D1,
1912 'Canadian   Northern   Ry. Equipment lst
Mort. gold. I)ue Apr. 1, 1919. Int.Apr. & Oct.1
Cook County Series K 4% Hospital bonds. Due
June 1, 1926. I nt.. J. & D. 1.......................
Same-due .une 1, 1925.............................
CountyN of Tarrant, Tex.. Road& Br(dge bonds.
5%. Due Ap-. 10, .1952. Int. annually Apr. 10.
Issue $1,600,000....................................


Booh
value.
$18,350
9,850
19,950
19,975
20, 225
20,225
19,600
20,475
20,250
33,512.5(
9,775
9,900
19,900


I'ar
value.
$20, 000
10,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
35,000


Rate.
891
94
96
96
100
991
94
101
99
97


Market
value.
$17, 900
9,400
19,200
19,200
20,000
19,900
19,800
20,200
19,800
33,950
9,600
9,500
20,000


10,000 1  96
10,000   95
20,000 1 100


9,737.50   10,000     96        9,600
9,800      10,000 i   97        9,700
4,900       5,000     9 97      4,850
10,000      10,000   101        10,100
$276,425  ...    ..       ..   $272,400


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County of Cook
State of Illinois
I herebv certify that the above list of bonds counted by Examiner E. A. Ketcham
of the Wisconisin Department of Insurance. in thp vault of the Continental
& Com-
mercial Trust & Savings Bank, on December 2nd. 1913, is the absolute
property of the
Subscribers at Underwriters Exchange, Chicago, Illinois.
(Signed) Hl. J. STRAIGHT,
Attorney-in- fact.
The bonds were counted at the time the examination was
made, and the market value was obtained as of December 1st,
1913.   The difference between the book and the market value
was $4,025.   This item   was taken from   the gross assets under
the heading of "Assets not Admitted."
COLLATERAL LOANS.
The collateral loans of the company amounted to $60,000
which were secured by four notes of $7,500 each and three notes
of $10,000 each, signed by J. R. Borrel, Vice-President of Butler
Brothers, Chicago.    These notes were secured by 410 shares of