378


MUTUAL TOWN INSURANCE COMPANIES.


PIGEON MUTUAL FIRE INSURANCE COMPANY,
PIGEON, TREMPEALEAU COUNTY.
[Organized or Incorporated March 11, 1882. Commenced business
March 24, 1882.]
President, G. F. STEIG, Whitehall, Wis.
Secretary, G. H. NEPERUD, Pigeon Falls, Wis.
Express office of Secretary: Whitehall, Wis.
BALANCE SHEET.
Amount of ledger assets December 31st of previous year    $4,115 30
INCOME.
Gross premiums on all business written
during the year .......................  $10,433 41<
Assessments actually received on current
year's assessments ....................   10,256 60
Policy fees: New, No., 62;
fee, 75c; amount ......         $46 50
Renewals: No., 630; fee
75c; amount ....               472 50
Additions: No., 85; fee,
75c; amount ...........         63 75
Total policy fees ......  ...........    582 75
Total collections .$21,272 76
Returned on cancellations .....  .........      72 11
Total premiums and assessments, less de-
ductions .....                           $21,200 65
Cash received as interest ....... .........      4 50
Cash received as borrowed money (date
borrowed, Sept. 2, 1912) ...... ........   2,500 00
Total income during year .......   .................  23,705 15
Total assets of previous year and income ..  $27,820 45
DISBURSEMENTS.
Paid for losses, including $1,931.20 for
losses occurring in previous years ....  $10,573 60
Borrowed money (date repaid, Dec. 1,
1912)  ...............................     2,500 00
Interest on borrowed money     ............     36 52
Salaries paid officials ............. .        300 00
Agents' compensation:
Commissions .........          $503 04
Policy fees .........          582 75
Total paid agents .......  .........  1,085 79