480   BEST'S INSURANCE REPORTS—FIRE AND lIAR1 XE.

WESTERN NATIONAL FIRE INSURANCE COMPANY — Continued.

ASSETS, NOVEMBER 30, 1919.

NET SURPLUS    129, 062 57

TOTAL    $537. 746 18

Officers.— President, A. H. Movius; first vice-president. A. C. Shively; second vice-president, P. M. Casey; treasurer, N. G. Eggen; secretary, H. E. Day.

Directors.

Movius, A. H., M. D., Jamestown, N. D.

Shively, A. C., Fargo, N. D.

Casey. P. E., president Equity Co-operative Packing Co.. Fargo, N. D.

Day, H. E., Fargo, N. D.

Eggen, N. G., Fargo, N. D., vice-president Scandinavian American Bank, Fargo, N. D.

Maas, William, president Farmers Equity State Bank, Mandan, N. D.

Lehr, A. F., president Logan County State Bank, Gackle, N. D.

Nuchols, Judge S. L., counsel, Mandan, N. D.

WHEELING FIRE INSURANCE COMPANY,
1219 Chapline Street, Wheeling, W. Va.

TOTAL ADMITTED ASSETS    $661, 722 02

LIABILITIES, DECEMBER 31, 1919. LOSSES: Adjusted, not due, $17,289.14; in

process of adjustment, $16,239.43; re-

sisted, $113: total. $33,641.57; reinsur-

ance $2,659.23; net    $30,982 34

Unearned premiums    229, 693 51

Salaries, rents, etc   200 00

Estimated taxes hereafter payable    13,500 00

Contingent commissions, etc   1, 500 00

Funds held under reinsurance treaties   18.788 31

TOTAL LIABILITIES, except capital   $294, 664 16

CAPITAL PAID UP    200.000 00

NET SURPLUS    167, 057 S6

TOTAL   $661,722 02

GENERAL REVIEW.

History.—This company was incorporated under the laws of the State of \Vest Virginia, May 15, 1867. as the German Fire Insurance Company, and began business July 5, 1867, with $100,000 authorized capital (par value $100). In March, 1905, its capital was increased to $200,000. During 1918 the present title was adopted.

Management and Reputation.—The company is in good repute, and the volume of business written is conservative. The company's average loss ratio is normal. The expense of operation has been high, but with a downward trend.

The directors, who are substantial business men of Wheeling, owned at the end of 1919 $64,600, par value, of the $200,000 capital stock then outstanding.

The company is in excellent repute concerning its general treatment of loss claims. Its investments are of good character and yield a good return. The security valuations are those fixed by the Convention of Insurance Commissioners.

The real estate consists of a piece of ground fronting 66 feet on the west Ride of Chapline street. Wheeling, and

running back 150 feet, on which are located two two-story brick office and mercantile buildings. This property cost the company $66,354, and the market value is estimated at $75,000, at which figure the property is carried in its statement. The net income during 1919 on this investment was $2,867.82.

The mortgage loans are secured by property located in Ohio and Brooke counties, West Virginia, mostly in Wheeling, valued at nearly three times the amount loaned.

Affiliations.— Western Insurance Bureau.

Class of Business Written.— Fire insurance.

T( rritory.— It is licensed in 111.. Ind., Mass.. N. Y., O.. Pa. and W. Va.

Dir-ideuds.— In recent years it has paid dividends as follows: 1900 to 1905, inc., 10%: 1906, 9<< ; 1907 to 1908, 10%; 1909, 14%; 1910 and 1911, 12%; 1912 and 1913, 9%; 1914 to 1919, inc., 8%; total dividends paid since organization, cash, $558,000; stock, $90,000.

Officers.— President, William F. Stifel; vice-president, Anton Reymann; secretary, O. E. Strauch: assistant secretary. Wm. V. Fischer.