338                    CITY OF NEW      YORK INS. CO.
CITY OF NEW YORK INSURANCE COMPANY
New York City.
Home Office, MAIDEN LANE AND WILLIAM STREET.
Incorporated 1905; commenced business April 12, 1905; admitted 1905.]
President, MAJOR A. WHITE.                  Seqretary, J. CARROLL FRENCH.
Vice President, .J. RO1MAINE IslEOWN.
CAPITAL STOCK.
Amount of capital paid up in cash .....      ...........  $500,000 00
Amount of ledger assets December 31 of previous year ........      $1,543,95S
05
INCOME.
Fire.
Gross premiums ..........     ........................... $1,178,180 74
Deduct gross amount paid for reinsurance, fire,
$332,344.65; return premiums, fire, $245,351.62 .......  547.696 27
Total premiums (other than perpetual) ..................       $600,484 47
Gross interest on mortgage loans ........i...............    $$01,3464 0
Grass interest on bonds and dividends on stocks, less
.$15.27 accrued interest on bonds acquired during
the yeai ...................                           44,115 87
Gross interest on deposits in trust companies and
banks ................................................  1,213 00
Total gross interest ......           ......                     56,668 87
From   agents' balances previously charged off .,                       
 21 50
Gross profit on sale or maturity of ledger assets: Bonds .......1,162 83
Total income .        ,      ,       .           ............ $658,337 67
Total footings ............                            $2,202,296 62
DISBURSEMENTS.
Fire.
'Gross ain-suint paid policyholders for losses (includ-
ing $54,226.61 occurring In previous years) .......  $436,547 61
Deduct amount received for salvage, fire. $3.734.99:
reinsurance, fire, $115,337.62; discount, fire, $633.59  919,706 20
Net amount paid policyholders for losses ........     ..................
 $316,841 41
Expenses or adjustment and, settlement of losses .....    ............  6,682
62
Commissions or brokerage ..........      ................................
 124,631 41
Salaries, $14,500.93, and expenses, $8,573.81, of special and general
agents .........................................  ..........        23,134
74
Salaries, fees. and all other charges of officers, directors, trustees
and home office employes .........      ............................... 
62,509 37
lRents ..............................................................  12,513
50
Advertising. $940.69; printing and stationery, $5,865.39 ..... .......  6,806
08
Postage, telegrams, telephone and express .5,262 74
'egal expenses .............         .                                  
162 62
Furniture and fixtures ...........       ............................   1,781
08
Mraps, including corrections .........     .............................
 3,277 45
Underwriters' boards and tariff associations ............ st .......   6,953
0G


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