About the Book
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...obtained for its stock when any was offered for sale. For many years past, however, the directors have been governed by a more enlightened policy in this respect, and the annual reports now appear promptly with each recurring year. This standard old office is well and favorably known throughout the four quarters of the globe; it has branches in the leading cities of (ireat Britain and the continent of Europe, as well as in the United States, Canada and Australia. Our Spanish exchanges speak in glowing terms of its high standing reputation, even in that benighted-insurance-wise-country. The home office report of the N. B. & M. as of December 31, 1892, that for '93 not yet made up, shows the fire premium to have been $7,336,590, an increase of $126,985 over that of 1891, while the net fire losses reached $4,991,920, or 68 per cent, being $035,270 in excess of '91. Its fire reserves were $11,257,770 which, with the paid-up capital, $3,437,500, indicates an underwriting power wholly appreciable. The life and annuity business of the year was large and profitable; the life fund aggregated $30,528,695. annuity fund, $7,352,905. total life, fire and annuity funds aggregate $56,006,465 as against $36,805,426 in 1888. As compared with the 78th annual report (1888), the results of the 83d report (1893) show as follows: Funds. 1887. 1893. Fire Reserves $9,815,565 $13,695,819 Life and Annuity.... 24,024,861 38,874,275 Paid-up Capital 3,125,000 8,437,171 Aggregates $36,965,426 $56,006,465 A record of five years, in these troublous times, of which any company, large or small, may well be proud and the shareholders be satisfied. But these latter--ever prone to extend the itching palm, like Oliver, for "more" dividends, whether earned or...
