486


GERMAN FIRE INS. CO.


GERMAN FIRE INSURANCE COMVPANY
Wheeling, West Virgiria.
Home Office, 1219 CHAPLINE STREET.
[Incorporated May 15, 1867; commenced business July 5, 1867; admitted April,
1902".]
President, WM. F. STIFEL.                            Secretary, F. IRIESTE
R.
Vice President, ANTON REYMANN.                      Treasurer. AUGUST ROLF.
CAPITAL STOCK.
Amount of capital paid up in cash .....................$ 200,000 00
Amount of ledger assets December 31 of previous year .............$ 671,555
74,
INCOMt.
Fire.
Gross premiums ................                         $408,115 79
Deduct gross amount paid for reinsurance, $43,472.52;-
return premiums, $65,660.50 .......   ..................  109,133 02
Total premiums (other than perpetual) ......................   $298,982 77
Gross interest on mortgage loans ...............          $4,629 50
Gross interest on collateral loans ....................    1,598 01
Gross interest on bonds and dividends on stocks .....     19.811 00
Gross interest on deposits in trust companies and
banks ..............................................       145 51
Gross interest from  all other sources:   Interest on
past due accounts and deposits with underwriting
boards .    ...........................................     41 96
Gross rents from company's property, including
$1,800.00 for company's occupancy of its own build.
ings .................................................   4,569 20
Total gross interest and rents ........                        .................
........  30, 795 1S
From agents' balances previously charged off.....................       
  17 20
Total income ..........$ -329,795 15
Total footings ..$.........                                  ,1$0,01.350
89
DISBURSEMENTS.
Fire.
Gross amonunt paid policyholders for losses (includ-
ing $22,514.60 for losses occurring in previous years)  $194,432 62
Deduct amount received for salvage, $2,110.85; rein-
surance, $22,357.79 ..........   .......................  24,468 64
Net amount paid policyholders for losses ....................$ 169,963 98
Expenses of adjustment and settlement of losses ...................     3,929
80
Commissions or brokerage ........         ................................
 70,869 29
Allowances to local agencies for agency expenses ..................     
 9 5 01
Salaries, $13,708.56, and expenses, $9,670.70, of special and general
agents ....................                                           23,379
26
Salaries, fees and all, other charges of officers, directors, trustees
and home office employes .................     .......................  22,911
00
Rents for company's occupancy of its own buildings ................     1,800
00
Advertising, $1,511.36; printing and stationery, $2,378.64 ............ 
3,890 00
Postage, telegrams, telephone and express ..........................    2,582
06
Legal expenses ................    ......................................
 388 10