BEST'S INSURANCE REPORTS —FIRE AND MARINE.   37

ATLAS NATIONAL INSURANCE COMPANY — Uontioued.

Directors.—   Stockholders' Annual ifeetiny.— Third Foster, W. H. T., manager John Morrell & Company; January.

vice-president the Sioux Falls National Bank, Sioux Falls, S. D.

Hazard, Z. A.. insurance, Sioux Falls, S. D.

Hollister. F. H.. president Hollister Bros.. farm loans; director the Security National Bank, Sioux Falls, S. D.

Judge, H. E., lawyer (Aikens & Judge), Sioux Falls, S. D.

Sharp, W. Z., president the Security National Bank, Sioux Falls, S. D.

Thompson, C. W., president Thompson-Braley Motor Co.; vice-president the Sioux Falls National Bank, Sioux Falls. S. D.

Van Brunt. W. K., vice-president and treasurer Lotta Miles Tire Co.; director the Security National Bank, Sioux Falls, S. D.

ATWOOD FIRE INSURANCE COMPANY,
SO Maiden Lane, New York, N. Y.

Tuesday of

INCOME, 1919.

Gross premiums written    $2,526 47

Less reinsurance    53 35

Less return premiums    34 82

Total net premiums    $2.438 30

Interest. etc   192 51

Contributed surplus    100,000 00

TOTAL INCOME    $102,631 SI

DISBURSEMENTS, 1919.
Underwriting expenses    $8.726 69

TOTAL DISBURSEMENTS    $8,726 69

GENERAL. REVIEW.

History.— This company was incorporated under the laws of the State of New York, December 26, 1919. and was licensed February 9, 1920, with an authorized subscribed and paid-in capital of $300,000 and a surplus of like amount. Shares, par value $50 were sold at 1'100, thus providing the surplus. There was no expense of promotion, which is highly commendable.

Management and Reputation.—The officers and directors of this company hold similar offices in the Preferred Accident Insurance Company of New York, which company writes accident, health, auto and teams property damage, burglary and theft, fidelity, surety and liability insurance. The company has substantial backing. virtually the same as that behind the Preferred Accident Insurance Company of New York.

The company expects to begin business in the near future and anticipates entering Conn., 111., Ind., Md., Mass., Me., N. J.. Pa. and S. C.

It will confine itself for the first year to automobile fire and theft, property damage and collision lines and

ferred Accident Insurance Company, are: Kimball C. Atwood, president. Preferred Accident Insurance Company; Hon. John L. Childs; Hon. Phineas C. Lounsbury, ex-Governor of Connecticut, chairman of Board, Atlantic National Bank, New York; David M. Morrison. capitalist, New York; Gilbert H. Johnson. iron manufacturer, New York; George H. Ackerman. treasurer, Preferred Accident Insurance Company: Wilfrid C. Potter, secretary, Preferred Accident Insurance Company; William E. Young, with Hgrris, Winthrop Co.. bankers. New York; Edward V. Gambier, capitalist, New York: Charles H. Spencer, Passaic, Y. J.: Kimball C. Atwood, Jr., vice-president, The Atwood Grapefruit Co.. New York: Henry S. Lanpher, New York.

"It will be noted that there are but twelve directors, one less than the minimum number required, which is due to the very recent death of Mr. Henry N. Whitney, who, as one of the original incorporators, was to be a director. The company's secretary states that in place of the de-ceased incorporators, his son. Mr., Arthur E. Whitney, 17 Broad street, will he elected at a meeting to be held early in February.