90       REPORT OF THE COMMISSIONER OF INSURANCft.




St. Louis, Mo., city of, insane asylum. 4 per-
cent public hldgs. and public imp. A. &
0., Apm. 1, 1928..............................
San lFrancisco, Cal.. cily and county of. 5
percent, J. & .J., sewer bond. July 1 1919..
IJ. S. Govt. 3 percent. Aug. 1, 1918, coupon..
U. S. Govt. 1898, diue, 1918. M.-A.-N.- '.....
IJ. S. Govt. 4 Pereent. 1925. issue 1895.........
Colorado. state of. fuinding bonds.3 percent.
.1  &  J.. J u I u y  1, 1929  .   .. .. W  .....   . ....
Wayne, countv     of, Michigan. refunding
bldg. bond, 31 percent, NI. & N., May 1925..
Kansas Citv. Mo.. C(ommerce Bldg. Co.. 5
percont. Ist mortgage. 20 yr. gold. .T. & J.,
July 1, 1927..................................
Mortgage.
Collateral note, Owners Realty Corpiration
payee. Chas. K. Wood. indorsed without
recour.se.  Deed of trust coverinz K. 771 ft.
of lots 1-2-3 Haefner's 1st addin. to Kansas
City, Mo. 3 notes.


Par
value.
$10,000 00
5,000 00
5,000 00
10,000 00
10,000 00
2,700 00
5,000 00
3,000 00
$355,700 00


Book
value.
$10,000 00
5,000 00
5,000 00
10,000 00
10,000 00
2,349 00
4,787 50


Market
IRate.  value.
I.
I


I


100
102
103
103
114
88
95


$10, 000
5,100
5,150
10,309
11, 400
2,376
4,7T50
3,000
$348, 166


3,000 00      100
$351,477 00 ........


5.0001 J
15 000 1    25,000 00
5 000
$380,700    $376,477 00




AUDIT


The audit consisted in checking. up the premium income from
the policy registers and tracing these to the controlling ledger.
All disbursements. for the year 1912 and 1913 were verified
f rom checks, and vouchers found in the files. All bonds were
counted and the bank balances, reconciled with the result shown
in the cash book. The paid and unpaid. claims, were scrutinized
atncl the liberality of the settlements of the exchange were noted.
M ANNER OhP CONDUCTING BUSINESS
This exchange is in the hands of competent men, and its af-
fairs are thoroughly administered. The books, and records, a-re
wel.l kept for statement purposes,. Its, subscribers are men or
corporations, having a. commercial rating, and their business in-
tegrity has reduced the cost of insurance almost to a, minimum.