672                       NEWARK     FIRE INS. CO.
NEWARK FIRE INSURANCE COMPANY
Newark, New Jersey.
Home Office, 41 CLINTON STREET.
LIncorporated November 4, iSil; commenced business May 14, 1810; admitted
January, 1878.]
President, E. J. HAYNES.                      Secretary, T. L. FARQUHAR.
Vice President, GEORGE P. REEVE.              'reatsurer, T. D. RICHARDSON.
CAPITAL STOCK.
Amount of capital paid up in cash....................  $500,000 00
Amount of ledger assets December 31 of previous
year .$1,329,68S 75
Increase of paid-up capital during the year..........   250,000 00
Extended at .    ................................................ $1,579,688
75
INCOME.
Fire.
Gross premiums .$1,007,41S 80
Deduct    gross  amount, paid      for  reinsurance,
$145,118.74; return premiums, $139,879.20 .284,997 99-
Total premiums (other than perpetual) .......................$ 722,420 86
Gross interest on mortgage loans .$19,808 98
Gross interest on bonds and dividends, on stocks, less
$1,875.98 accrued interest on bonds acquired dur-
ing the year.                                          41,585 05
Gross interest on deposits in trust companies and
banks .1520 95
Gross rents for company's occupancy of its own
buildings .... ;                               ,        4,500 00
Total gross interest and rents ...............                 ...................
 67,414 9S
From other sources: Surplus paid in cash by stockholders ........    255,927
00
From  agents' balances previously charged off .....     ............... 
278 21
Total income .      .........................$...................... $1,046,051
05
Total footings ..........     ..........................$.... 2,625,739 80
DIBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $57,084.55 occurring in previous years) ..........  $372,775 95
Deduct amount received for salvage, $3,137.86; rein-
surance, $43,270.61; discount, $448.99 ................ .46,857 46
Net amount paid policyholders for losses    .     ............  $325,918
49
Expenses of adjustment and settlement of losses     .       ..         6,801
81
Commissions or brokerage ...........j.............  .................  150,101
19
Salaries, $28,574.00, and expenses, $19,189.80, of special and general
agents ........................                                     47,763
80
Salaries, fees and all other charges of officers, directors, trustees
and home office employes ........................................4. 74,584
70
Rents, including $4,500.00 for company's occupancy of its own-
buildings, in addition to taxes and expenses    .      .             5,214
30