Capital, $200,000 Ass't Manager: FREDERICK K. GASTON.

AGENCIES:

Assets, over $600,000

CHAMBER OF COMMERCE BUILDING, CHICAGO. EDWARD E. SCRIBNER, RESIDENT MANAGER. 30 CONGRESS STREET, BOSTON.

GENERAL WESTERN DEPARTMENT.

CHARLES W. HOLDEN, RESIDENT MANAGER.

NEW ENGLAND DEPARTMENT.
SOUTHEASTERN DEPARTMENT.

18 SOUTH SEVENTH STREET, PHILADELPHIA. HORACE A. REEVES, GENERAL AGENT. 927 SOCIETY FOR SAVINGS BUILDING, CLEVELAND. E. SHRIVER REESE, RESIDENT MANAGER. SOUTHERN DEPARTMENT....907 E. MAIN ST., RICHMOND. 33 INMAN BLDG., ATLANTA, GA. W. L. SEDDON & CO., RESIDENT MANAGERS.

MIDDLE DEPARTMENT.

504 WEST MAIN STREET, LOUISVILLE, KY. T. GRANT SLAUGHTER, RESIDENT MANAGER.

SOUTHWESTERN DEPARTMENT.

PACIFIC DEPARTMENT..

CONNECTICUT.
MICHIGAN.

NEW JERSEY.

UTAH AND MONTANA.
COLORADO...

412 PINE STREET, SAN FRANCISCO.

R. B. COLQUHOUN, RESIDENT MANAGER.

.S. W. PEASE, 82 CHURCH STREET, NEW HAVEN. H. C. MEAD, 304 HAMMOND BUILDING, DETROIT. E. J. RUNYON, 433 PRUDENTIAL BUILDING, NEWARK. E. L. SHEETS, 232 So. MAIN STREET, SALT LAKE CITY. .F. A. CHAPMAN, MINING EXCHANGE BLDG., DENVER.

North British and Mercantile

INSURANCE COMPANY

PUBLISHERS' ANNOUNCEMENT.

We take great pleasure in presenting to our readers the twenty-first annual issue of THE INSURANCE YEAR BOOK. It is with much pride that we point to the improvements made in this publication from year to year. The first issue was about the size of an ordinary almanac, in pamphlet form, with paper covers; we now present it in two volumes aggregating nearly fourteen hundred pages. The yearly increase in the material that it seems necessary to include in such a cyclopedia of insurance information has added to the volume year by year until its division into two parts became a matter of necessity. One of these parts is devoted to Fire and Marine Insurance and the other to Life and Miscellaneous Insurance; each is complete in itself and each contains a mass of valuable matter that can be found in no other publication.

During the twenty-one years of its publication THE INSURANCE YEAR BOOK has achieved a reputation for fullness of detail and accuracy of compilation that have made it standard authority upon all matters pertaining to the business of insurance. In addition to the regular statistics of American stock and mutual and foreign companies doing business in this country, which are given in comparative form for five years, there are many other statistical exhibits that are invaluable to the officers, stockholders and agents of insurance companies. All statistical matter is compiled from the latest official data, the New York and Massachusetts Insurance Departments' reports being the principal authority relied upon for the companies doing business in those States; for other companies we have obtained their statistics from the official reports of other States wherein they do business, or other official sources.

As a full and complete index will be found in each part of THE YEAR BOOK, it is not necessary in this place to indicate special features in this volume. Most careful effort has been made to attain correctness in every detail, and some statistics have been added this year not included in previous volumes.

We beg to commend the work to all persons identified with the insurance business and to acknowledge our obligation to all who have so kindly rendered us assistance in obtaining the data for the work. Our thanks are especially due to the heads of the Insurance Departments of the various States for their courtesy and promptness in furnishing us with information.

NEW YORK, July 1, 1893.

THE SPECTATOR COMPANY.

ADDENDA.

Since the pages of this volume relating to statutory requirements were printed several changes have been made in the supervising officers of different States. A full list of such officers corrected to June I will be found on page 104. Later changes are as follows: Utah, C. C. Richards.

MONTANA.-An amendment to the law provides that plate glass, accident and steam boiler insurance companies shall not be required to have a greater amount of capital than $100,000, paid up. Every company must appoint a resident of the State an agent to accept service of legal process. [This is in lieu of the former requirement of an attorney in each county of the State wherein it did business.]

MAINE.-Surety companies must have $250,000 of paid-up unimpaired capital.

OHIO.-Foreign fidelity companies must have $200,000 on deposit with the treasurer of some State, and $30,000 with the Ohio Superintendent of Insurance.

LONDON GUARANTEE AND ACCIDENT COMPANY, LIMITED, London, Eng.; United States branch, 139-151 La Salle street, Chicago.-A. C. Edwards, general manager; C. E. Waite, assistant general manager. New England department, Lowell & Seeley, managers, Boston; Northwestern department, Fred L. Gray, general agent, W. A. Barnes & Co., resident managers, Minneapolis; Pacific coast department, Voss, Conrad & Co., general agents, San Francisco; New York and Northern New Jersey, Hall & Henshaw, resident managers, Geo. C. Preston, assistant manager, New York; Pennsylvania, Southern New Jersey, Maryland and District of Columbia, Piatt & Hooven, resident managers, Philadelphia; Western Tennessee, Jas. Taylor, general agent, Nashville; Eastern Tennessee and Alabama, Cogswell & Tomlinson, general agents, Chattanooga, Tenn.; Texas, Florian, Beall & Eichlitz, general agent; San Antonio; Colorado, T. F. Daly, general agent, Leadville ; Georgia and Florida, John Sullivan & Co., general agents, Savannah, Ga.

CONVEYANCERS TITLE INSURANCE COMPANY, Boston.-Capital, $200,000; assets, $229 176; premiums, $9135; total income, $43.482; expenses, $19,293 ; total expenditures, $27,293; policies written, $2,497-445.

MASSACHUSETTS TITLE INSURANCE COMPANY, Boston.-Capital, $300,000; assets, $338.353: premiums. $44.220; total income, $70,237; total expenditures (expenses), $47.127.

BOND AND MORTGAGE GUARANTEE COMPANY, Brooklyn, N. Y.-Wm. B. Isham, president; Frank Bailey, secretary. Organized 1892; capital, $1,000,000; assets, $1,114,170; premiums, $4812; total income, $17.180; total expenditures (expenses), $15,251.

LAWYERS TITLE INSURANCE COMPANY, New York.-Capital, $1,000,000; assets, $1,757.235; premiums, $334.964; total income, $395,185; losses paid, $934; expenses, $285,195; total expenditures, $286,129.

MERCANTILE CREDIT GUARANTEE COMPANY, New York.-Capital, $100,000; assets, $119,138; premiums, $2001; total income, $7557; total expenditures (expenses), $3572.

ROCHESTER TITLE INSURANCE COMPANY, Rochester, N. Y.-Capital, $150,000; assets, $99,285 premiums, $383; total income, $13.304; losses paid, $65; expenses, $15,890; total expenditures, $15.955.

MARYLAND TITLE INSURANCE COMPANY, Baltimore, Md.-Expenses, $20,863.

INTER-STATE CASUALTY COMPANY, New York.-Statement as of March 25, 1893. Capital, $150.000; assets, $222,867; liabilities except capital, $1513; premiums, $870; total income (except capital and surplus), $1054; expenses, $3493; risks written and in force, $334,000.

MISSISSIPPI VALLEY TRUST COMPANY, St. Louis.—Capital, $750,000; total admitted assets, $2,329.410; premium receipts, $8797; total income, $122,136; expenses, $47,117; total expenditures, $92, 117; risks written, $1,698,685; in force, $2,212,856.

ST. LOUIS TRUST COMPANY, St. Louis.-Capital, $1,400,000; total admitted assets, $3,576,797; premium receipts, $18,281; total income, $294,055; expenses, $78,291; total expenditures, $228,291; risks written, $3,808,765; in force, $5.587,146.

UNION TRUST COMPANY, St. Louis.-Capital, $1,000,000; total admitted assets, $2,240,311; premium receipts, $3039; total income, $161,108 ; expenses, $54,087 ; total expenditures, $114,087; risks written, $393,868; in force, $403,668.

AMERICAN MUTUAL LIABILITY INSURANCE COMPANY, Boston.-Assets, 130,267; premium receipts, $119.816; total income, $124,621 ; paid for losses, $58,505; profits on terminated policies, $39,293; expenses, $19,938; total expenditures, $117,736; risks written, $50,680,900; in force, $49,050.900.

UNITED STATES CREDIT SYSTEM COMPANY. Newark, N. J.-Capital, $327,100; assets, $503,953; premiums, $359,667; total income, $378.713; paid for losses, $264.622; premiums returned, $2,278; expenses, $128,705; total expenditures. $234.305; risks written, $12,137,000; in force, $8,937,500.

ELLIOTT & BUtler Abstract, TITLE INSURANCE AND LOAN COMPANY, Indianapolis, Ind.Capital, $200,000; Joseph Taylor Elliott, manager.

PROVIDENCE MUTUAL STEAM BOILER INSURANCE COMPANY, Providence, R. I.-Assets, $5865; premiums, $2968; total income, $3104; returned to policyholders, $1760; expenses, $2528; total expenditures, $4288.

MUTUAL FIDELity Insurance COMPANY, Des Moines, Ia.-Capital, $25,000.
HARTFORD BICYCLE INSURANCE COMPANY, Hartford, Conn.—Capital, $200,000.

MUTUAL PLATE GLASS INSURANCE COMPANY, Willimantic, Conn.-President, John L. Walden; vice president, David C. Card; secretary, James E. Murray.

FIDELITY AND DEPOSIT COMPANY, Baltimore, Md.-President, Edwin Warfield; secretary, H. E. Bosler. Capital, $500,000; assets, $619,665; premiums, $67.738; total income, $358,885; losses, $2690; expenses and taxes, $44,596; total expenditures, $47,286; insurance in force, December 31, 1892, $6,722.170.

THE MUTUAL LIFE AND ENDOWMENT ASSOCIATION OF INDIANA, home office Indianapolis, commencing with the present year will report to the States in which it is transacting business as a legal reserve company. This company is purely mutual. Its statement as of December 31, 1892, shows assets of $354,788.20; liabilities, $3000; premium and interest income in 1892, $177,730.67; death losses in 1882, $10,741.74; other expenditures in 1892, $18,091.43. The company loaned on mortgage security in 1892, $113.541.87, and had cash deposited in banks on December 31, 1892, $35.355.63. The company wrote 1208 policies in 1892 for $631,833, and had in force December 31, 1892, 6202 policies for $2.418,984.84 of insurance. The company does an ordinary and industrial business, the latter, however, being much the smaller. The Mutual Life and Endowment Association was incorporated in 1892, has a perpetual charter and the following officers: Henry F. Barnes, M. D., president and medical director; Charles Oliver, vice-president; Henry Malpas, secretary; Hon. W. R. Myers, treasurer; John C. Green, attorney.

NATIONAL CREDIT INSURANCE COMPANY, Minneapolis.-E. E. Bogert, manager New York department, New York.

THE COLUMBIA INDUSTRIAL INSURANCE COMPANY, Washington, D. C.-Andrew Wall, president; Harrison Dingman, vice-president; Charles J. James, secretary; George Gibson, treasurer; and Benj. M. Beall, medical director. Capital, $100,000.

VERMONT ASSOCIATION of Life Underwriters.—President, George H. Smalley; vice-presidents, J. A. Wellman, C. S. Hastings, C. F. R. Jenne, E. S Kinsley, A. D. Tenney. Executive committee, I. S. Borley, F. L. Slack, C. A. Sawyer, S. H. Anderson, H. P. Whitcomb. Delegates to National Convention, J. A. Wellman, A. P. Childs, C. C. Hastings, F. L. Slack, L. W. Shedd. Alternates, C. F. R. Jenne, E. G. Mason, J. H. Drew, E. S. Kinsley, W. H. S. Whitcomb. Annual meeting in June.

REPORT OF EXCELSIOR LIFE, TORONTO, ONT., 1892.-Premiums received, $26,595; interest and other receipts, $7059, total, $33.654; total to policyholders, $2600; taxes, $70; actual expenses of management, $14.916; total disbursements, $17.859: policies issued and revived, 636; amount insured (including additions), $793,500; whole number of policies in force, 974; whole amount insured, $1,230,750; insurance gained during the year, $515.500; average amount of each policy in force, $1264; capital stock paid, $52,736; reserve at 41⁄2 per cent, $31,680; total liabili ties, exclusive of capital, 4% per cent, $34.513; gross admitted assets $87,279; surplus to policyholders, 41⁄2 per cent, $42,766. This company does business in Ontario only and does not come under the supervision of the Dominion Insurance Department.