SAVINGS-BANKS.-The following was the condi- | other investments, $44,372 99; cash on hand and tion of these institutions in 1861 (93 banks): Number of depositors, 225,058; amount of deposits, $44,785,438 56; public funds, $3,111,148 45; loans on public funds, $75,073 80; bank-stock, $9,176,039 68; loans on bank-stock, $816,744 02; deposits in banks, bearing interest, $1,228,419 28; loans on railroad-stock, $55,825 00; invested in real estate, $286,211 30; loans on mortgage of real estate, $18,336,337 02; loans to counties and towns, $3,659,046 58; loans on personal security, $8,916,929 46; cash on hand, $184,900 55; rate and amount of ordinary dividends for last year, 4,50 45 per cent., $1,943,532 04*; annual expenses of the institutions, $120,886 07. FIRE INSURANCE.-The following was the condition of the Fire and Marine Insurance Companies of the State, October 1, 1861: in bank, $160,473 71; in hands of agents, $387 30; loaned on mortgage or secured by collaterals, $174,647 02; loaned on notes without collateral security, $144,198 32; stock notes on hand not overdue, $1,163,050 00; stock notes on hand past due, $13,500 00; premium notes on risks terminated, $696,725 47; premium notes on risks not terminated, $2,098,915 31; delinquent premium notes not charged to profit and loss account, $49,058 73; scrip issued for profits outstanding, $1,431,759 25; other debts due the company, $116,235 61; marine risks not terminated, $54,758,808 50; fire risks not terminated, $11,327,310 00; received in cash for fire risks not terminated, $47,720 10; received for interest, $102,881 57; paid for interest, $27,661 99; borrowed, which remains unpaid, $88,984 47; fire losses paid the past year, $27,528 10; marine losses paid the past year, $1,950,914 43; losses ascertained and unpaid, $107,526 54; losses claimed, other than those ascertained and unpaid, $317,005 45; expenses, taxes, and commissions paid the past year, $122,472 87. 1. Joint-Stock Companies.-Amount of capital actually paid in, $6,557,400 00; fire risks outstanding, $126,101,635 37; marine risks outstanding, $39,265,893 00; stocks and bonds (market value), $5,876,526 05; real estate (cash value), $356,722 91; cash on hand and in bank, $470,350 15; cash due from agents, $84,348 51; loaned on mort3. Mutual Fire Companies.-Amount insured by gages or with collateral security, $2,318,638 96; existing policies in first class, $212,721,080 91; inloaned without collateral, $279,779 52; all other insured in second class, $5,837,280 09; premiums and vestments and debts due the company, $255,017 39; deposits on same in first class, $9,847,863 93; premium notes on risks terminated, $274,684 06; premiums and deposits on same in second class, borrowed money, $79,178 23; losses ascertained and $176,533 23; premiums and deposits received in unpaid, $2,755 60; losses claimed and unpaid, $156,- cash in first class, $2,711,216 28; premiums 299 19; losses reported, upon which the liability and deposits received in cash in second class, of the company is not determined, $344,001 94; all $81,371 78; stocks and bonds, $853,231 20; inother claims against the company, $22,540 53; cash vested in real estate (cost on the books, $83,179 21; received for premiums on fire risks, $1,283,325 80; other investments, $1,077,223 44; assets or secuon marine risks, $710,304 66; notes received for prerities of the company pledged for liabilities, miums on fire risks, $30,380 00; cash on hand and in bank, $103,750 47; ................................................. ; on marine risks, $1,539,136 04; cash received for interest, $529,478 14; cash in hands of agents, $54,975 03; losses paid the income from all other sources, $120,971 84; fire past year, $349,265 85; assessed on notes the past losses paid the last year, $963,266 02; marine year in first class, $51,355 10; liability of the aslosses paid the last year, $1,500,605 80; dividends sured to further assessment, $15,464,799 97; aspaid the last year, $1,041,739 00; expenses of sessments past due and not paid, $35,274 87; office, $246,748 60; other expenditures, $206,715 11; policies terminated the past year in first class, cash received for fire risks not terminated, $56,288,085 79; policies terminated the past year $1,270,397 41; required to reinsure all outstand-in second class, $5,019,927 93; policies issued the ing risks, $1,241,284 22; premium notes on risks not terminated, $1,219,171 14; delinquent notes not charged to profit and loss, $35,015 47; balance to credit of profit and loss account, $2,789,919 80; to debit of profit and loss account, $387,637 10. 2. Mutual Fire and Marine Companies.-Amount invested in stocks and bonds (market value), $1,194,043; invested in real estate, $1,200 00; * Calculated on the returns of 85 banks. The Chelsea, Cambridge, Malden, North Brookfield, Milford, South Scituate, Wareham, and Barnstable banks give the rate, but not the amount, of their dividends. The Attleborough and Brighton, the Franklin, in Boston, and the Mechanics' in Lowell, have been in operation less than one year. past year in first class, $60.787,887 50; policies issued the past year in second class, $4,672,375 83; cash received for such policies in first class, second class, $47,770 82; cash paid for reinsurance, $705,541 25; cash received for such policies in in first class, $1,796,835 24; premiums received in $1,006 40; premiums received in notes for same notes for same in second class, $61,197 78; losses ascertained and unpaid, $31,130 73; losses claimed other than those ascertained and unpaid, $41,171 10; cash dividends paid to policy-holders, $298,866 57; assessments beyond the notes, last year, $62 68; owed for money borrowed, $77,688 83; insured on real estate, $166,872,319 53; insured on personal property, $51,686,041 47; delinquent notes not charged to profit and loss account, $7,386 03; paid for expenses, taxes, and commissions, $171,706 26. LIFE INSURANCE.-The following tables, giving as they do a thorough analysis of the condition of the principal Life Insurance Companies of the United States at the date specified, were prepared by the Insurance Commissioners of the State, Messrs. Elizur Wright and George W. Sargent. They are of value for the whole country. SYNOPSIS OF THE STANDING, ON THE 1ST OF NOVEMBER, 1861, OF THE LIFE INSURANCE COMPANIES DOING BUSINESS IN MASSACHUSETTS, CONSIDERED AS MUTUAL COMPANIES. N.E. Mutual.... State Mutual.... Berkshire.................. Mass. Mutual... Mutual Life, N.Y... Mutual Benefit, N.J.. Connecticut, Ct....... National, Vt.. Union Mutual, Me...... Manhattan, NY. Charter Oak, Ct.. Phoenix Mutual, Ct..... Knickerbocker, N.Y. Equitable, N.Y........... Guardian, N.Y. Washington, N.Y. Home, N.Y.. Germania, N.Y. SYNOPSIS OF THE STANDING, ON THE 18T OF NOVEMBER, 1861, OF THE LIFE INSURANCE COMPANIES DOING BUSINESS IN MASSACHUSETTS, CONSIDERED AS TO THE SECURITY PURNISHED BY THEIR ENTIRE ASSETS. Ratio ofexpenses to receipts. The amount insured by citizens of Massachusetts in Life Offices is $12,147,157 50; the amount of premiums collected, $628,407 65. |