7       ;            MEGRIANIC(S & ThRA)EltS INS. (C.               
      G11
MECHANICS AND TRADERS INSURANCE COMPANY
New Orleans, Louisiana.
Home Office, 144 CAROUDELET STREET.
[Incorporated October 15, 1869; commenced business November 1, 1869; admit-
ted February, 1906.]
President, JAMES NICHOLS.                        Vice President, H. A. SMITH.
Secretary, T. B. NORTON.
CAPITAL STOCK.
Amount of capital paid up in cash ......    ............  $300000 00
Amount of ledger assets December 31 of previous year ........ $1,464,238
06
INCOME.
Marine and
Fire.        inland.
Gross premiums .........     ............. $1,256,098 23  $1,131 45
Deduct gross amount paid for reinsur-
ance, fire, $326,603.78; marine  and
inland, $5547.12; return premiums,
fire, $236,486.44 ......... ............  563,090 22    574 12
Total premiums (other than per-
petual) ............ ..........  $693,008 01     $557 33
$6G93,565 34
Gross interest on mortgage loans .$24 0-0
Gross interest on bonds and dividends on stocks, less
$2,024.46 accrued interest on bonds acquired during
the year ......-...................................     54,030-99
Gross interest from all other sources: Interest re-
ported by general agents on funds in their pos-
session .73 81
Gross rents from company's property, including
$2,400 for company's occupancy of its own build-
ings .3,000 00
Total gross interest and rents .......    .......................  57,728
SO
From other sources:
Dividends from liquidation Canal Bank and Trust
Clo.-$48 00
Cfo.............. it.......................I..........  $4(}
Refund on amount paid in 1911 court award to
stockholder ............................                185 95
233 95
Total income ..........$75 ..........................          $751,528 09
Total footings ....................                     $2,215,766 75
DISBURSEMENTS.
Marine and
Fire.        inland.
Gross amount paid policyholders for
losses  (including  $69,184.02  occur-
ring in previous years) ....... ........  $616,631 48  $1,572 92
Deduct amount received for salvage,
fire. $6,232.72; reinsurance, fire, $171,-
905.15 ....                               178,137 87
Net amount paid     policyholders
for losses ............................ $4385493 61    $1,572 92
$440,066 5,l
Expenses of adjustment and settlement of losses .....     ............  7,196
24
Commissions or brokerage .........        ...............................
 123,950 90
Allowance to local agencies for miseellaneous agency expenses           
244 19
Salaries, $40,733, and expenses, $11,345.90, of special and general
agents .52,08 ............ I..................                      52, r8DC