AGRICULTURAL INS. CO.


247


AGRICULTURAL INSURANCE COMPANY
Watertown, N. Y.
Home Office. 203 WASHINGTON ST.
[Incorporated 1863; commenced business 1853; admitted, February, 18S5.]
President, W. H. STEVENS.                  Vice President, J. C. KNOWLTON.
Secretary, J. Q. ADAMS.
CAPITAL STOCK.
Amount of capital paid up in cash ...................  $50O}000 00
Amount of ledger assets, December 31 of previous year .....   ..... $3,996,144
31
INCOME.
Gross premiums .$2 ...............                    $2,633,554 65
Deduct gross amount paid      for reinsurance. fire,
$523,224.65'; return premiums, fire, $412,980.57 ....  936,205 22
Total premiums (other than perpetual) ................... $1,697,349 43
Gross interest on mortgage loans. less. $23.22 ac-
crued interest on mortgages acquired during the
year ............                                     $35,717 21
GCross interest on colllateral loans ......... ...............  16,483 46
Gross interest on bonds and dividends on stoeks, less
$9.922.78 accrued Interest on bonds acquired dur-
ing the year ...............  ........................  111,023 03
Gross interest on deposits in trust companies and
banks ..............................................    8,961 55
Gross interest from all other sources: Contract sales
of real estate .............     ................         125 63
Gross rents from   company's occupancy of its o'wn
buildings .    .........................................  2,500 00
Total gross interest and rents .17.810 98
T'rom  agents' balances previously charged off .200 00
Gross profit on sale of ledger assets, viz.: Real estate, $52,41;
bonds. $5,512.8q9; stocks. $1.337.50 ...............................  6,932
so
Gross increase, by adjustment, in book value of ledger assets- viz.:
Bonds ....          ..                 ..........................    3.5S3
06
Total income ........................................... $1.882.876 17
Total footings ........................................ $5,870,020 48


DISBURSEMENTS.


Fire


Gross anmouint naid Tl)ceolderq for losses (includ-
i7n1 8125 824.26 occurring in previous Years) ..... $1,090,777 St
Dedluct amount receileld for salvage, fire. $6.7!.N.74:
reinsurance, fire, $253,454.16; discount, fire, $865.19  261.075 09
Net amount paid polieyholders for losses .....      ............  $8?9.70?
72
Expenses of adjustment and settlement of losses ...................     0.
66  49
Commisisons or brokerage .........        ...............................
 366l.  8:!42 R.
.Allowvanesq to  ocanl agencies for Tnidnellaneous agency expenses      3.511
48
Salqaries. $40.705.78, and expenses, $76,3410.02. of special and general
ngents ..........................................................   117.045
80
-Salaries, fees aid all other charges of officers, directors, trustees
and horne office emnloves .........      .............................. 
57.415 47
'ents. including $2.500 for company's occupancy of its own build-
ings ..    .    .    .      .   ..................................    3,540
32