710()                       NORTH    RIVER INS. CO.
NORTH RIVER INSURANCE COMPANY
New York City.
Incorl)orated IF'ebruary 6, 1822; commenced business March 6. 1822; admitted,
1898.]
[Ilncorporated February 6, 1822; commltnenced business March 6, 1822.]
Presidenit, WM. E. HUTCHINS.                              Secretary, F. H.
CRUM.
Vice Presidents, F. H. CHUM, JOHN A. FORSTER.
CAPITAL STOCK.
Amount of capital paid up in cash ..................     $350,000 00
Amount of ledger assets December 31 of previous year ............ $2,369,066
84
INCOME.
Fire.
'Gross premiums ...........      ......................... $3,0310,005 55
Deduct    gross    amount    paid    for   reinsurance,
$980,730.66; return premiums, $619,540.78 ........... 1,600,271 44
Total premiums (other than perpetual) ........... .3.3...3........7.$1,709,734
11
Gross interest on mortgage loans ....................     $33,356 37
Gross interest on collateral loans ....................     1,250 94
Gross interest on bonds and dividends on stocks .....       46,642 61
Gross interest. on deposits in trust companies and
banks ...............................................      3,205 07
Total gross interest and rents         .        ................   84,454
99
Gross profit on sale or maturity of ledger assets:
Bon ds ...                                                $6,675 50
Stocks ...                                                 5,201 56
11.577 06
Total income    .     .............................................. $1,806,066
16
Total footings ...........     .............................. $4,175,133
00
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $193,112.31 occurring in previous years)........ $1,489,807 41
Deduct amount received for salvage, $13,735.40; rein-
surance, $538,289.40; discount, $1,728.02 .553,752 82
Net amount paid policyholders for losses ....................    $936,054
59
Eixpenses of adjustment and settlement of losses ...................    
24,527 56
Commissions or brokerage ............    e     ...........................
 406,219 11
Salaries $21,144.31, and expenses, $32,894.76, of special and general
agents .    ..........................................................  54,039
07
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes.                                              139,463
55
Hents ..............................................................    
 15,000 00
Advertising, $2,220.03; printing and stationery, $8,366.76    .    .    
10,586 79
Postage, telegrams, telephone and express        .       .............  
 5,061 45
Legal expenses .....................................................    
  1,673 3,S
Map)s, includinX corrections .......................................    
 5,927 75
Underwriters' boards and tariff associations            .       .       
15.128 52
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses         ...............................................
 9,66i SO
Inspections and surveys .......................    .....................
 12,270 2R
State taxes on premiums        ..................... .....................
 32,823 55
Insurance department licenses and fees         .        ..............  
 7,900 34