220                  MILWAUWKEE MECHA\NICS INS. CO.
MILWAUKEE MECHANICS INSURANCE COMPANY
Milwaukee, Wis.
Home Office, 442 and 444 CITY HALL SQUARE.
[Incorporated February 15, 1852; commenced business April 1, 1852.]
President, WIILIAMa\ L. -TONES.            Vice President, CHAS. H. YIJNKEII.
Secretary, OSCAR GRIEBLING.
CAPITAL STOCK.
Amount of capital paid up in cash ...........          $1..... 0 $t,0|00,000
00
Amnount of ledger assets December 31 of previous year ....      ...... $4,482,832
66
INCOME.
Fire.
Gross premiums ...................................... $2,824,363 41
Deduct gross amount paid for reinsurance, fire,
.$399,133.57; return premiums, fire, $477,028.17 ....   876,161 74
Total premiums (otber than perpetual) .1,9'48,201 ........              67
'Gross interest on mortgage loans ..       .................  $87,451 72
'Gross interest onl collateral loans ...................      145 88
,Gross interest on bonds and dividends on stocks,
less $2,638.78 aiccrued interest on .bonds acq(lire(l
during   1912 ..     9............2. 9,301 29
'Gross interest onl deposits in trust companies and
l)a.nks ..    ..........................................  1,392 47
Board of Fire Underwriters, deposit .....      ...........      7 68
Notes ......     ..........................................     3 66
Gross rents from    company's property, including
$3,290(0.00 for company's occupancy of its owvn
buildillgs ..........................................     4,044 40
Total gross interest and rents .........................        185,347 10
From   agents' ba1nlacews previously charged off .....    ...............
  188 46
Gross profit on sale or maturity of ledger assets, viz.: Bonds ....     
 4,078 43
Gross increase, by adjustment, in book va--lue of ledger assets, viz.:
Bonds ..     .........................................................  2,980
00
TotaIl income .................  .............................. $2,140,795
66
Total footings ...........     .............................. $6,623,628
32
DISBURSEMENTS.
Fire.
'Grosss amount pai(l policyholders for losses      (ill-
(eludiang $4205,923.92 occurring in previous years) .... $1,3.48,029 41
Deduct amount received for salvage, fire. $16.081.11;
reinsurance, fire, $219,700.50; discounts, fil-e, $1,791.22  237,632 83
Net .amount paid l)olicyholders for losses ...................... , . 11
0.  58 nis
Expenses of adjustment and settlement of losses ...................     37,491
81
Commissions or brokerage ...............         ........................
 474,338 15
Salaries, $55,295.11, and expenses, $37,613.9' of special and general
agents. ................                                               92,909
03
'Salaries, fees and other charges of officers, directors, trustees and
home office employes .y                                               92,906
49
Rents, including $3,20(0 0.00 for company's occupancy of its own
*blildings  ......... ...............................................  7,798
28