BEST'S INSURANCE REPORTS—FIRE AND MARINE.   549

INSURANCE COMPANY — Continued.

Valley National Bank of Lebanon; Dr. A. B. Gloninger,
physician and noted surgeon, founder and head of the
Lebanon Sanatorium, director of the Ephrata & Lebanon
Electric Ry.; H. C. Grittinger, attorney, former County
Treasurer, manager of the extensive Freeman estate; Geo.

some policies, the holders of which D. Krause, president of the Krause Hardware Co., director

of Lebanon County Trust Co., director of the Ephrata &
Lebanon Electric Ry., director of National Hardware Insur
ance Co.; John Melly, Jr.. attorney, retired from active
business; Geo. S. Capp, salesman for Fischer, Bruce & Co.
of Philadelphia; H. J. Shenk, one of the leading merchants
of the city, director of the Pennsylvania Chautauqua; Carl
S. Karmany, member of the firm of Karmany & Stine In
surance Agency, farmer and member of Chamber of Com
merce: Robert Mitchell, director of the Union Boiler &
Manufacturing Co. of Lebanon, Pa.; James E. Walter, mem
ber of firm of Karmany & Stine, insurance agency, secretary
and director of the Lebanon Mutual Insurance Co.

Income, 1919.— Premiums and assessments received,
$115,955.53; interest, etc.,, $3.132.17; total income, $119,-
087.70.

Disbursements, 1919.— Net losses paid, $54,952.52: un
derwriting expenses. $19,507.12; total disbursements, $74,-
459.64.

LIBERTY MUTUAL AUTOMOBILE INSURANCE t'OIIPANY,
407 Rialto Bldg., Kansas City, Mo.

LEBANON MUTUAL
GENERAL REVIEW.

This company began business in June, 1856, and bears a
good reputation.

Holders of straight mutual policies are subject to un

limited assessment.

The company issues

are liable to an assessment equal to the premium note
given.

On December 31, 1919, the company held premium notes
amounting to $98,511.93, which are included in the assets
and surplus.

Officers.— President and treasurer. J. M. Shenk; secre
tary, James E. Walter.

Directors.— J. M. Shenk, president of Merchants Ice Co.,
president United Ice & Coal Co., president Lebanon Chain
Works, trustee and ' treasurer of the State Asylum for
Chronic Insane, vice-president of the Good Samaritan Hos
pital, director of the Lebanon Consolidated Market House
Co.; Hon. C. R. Lantz, former State Senator. one of the
oldest members of the Lebanon Bar, member of Historical
Society, large realty owner, president of the State Asso
siation of Mutual Fire Insurance Companies: Chas. H.
Killinger, Esq., member of the Lebanon County Bar. attor
ney for the Philadelphia & Reading R. R., president of the

This company was incorporated under the laws of the
State of Missouri on April 26, 1919. and was licensed April
28, 1919. It writes under a mutual plan fire and theft,
liability, property damage, and collision on automobiles.
According to its latest advices it is licensed and operates
in Missouri only.

Officers.— President, Ben Jaudon; vice-president. John

F. Wiedenmann; treasurer, John Tobin; secretary, Joseph
L. Dease; manager. C. D. Dolan.

This company did not prepare a statement for the De
partment of Insurance of the State of Missouri in time for
it to be incorporated in this report. If secured before this
volume goes to press. and it has sufficient resources and/or
income to warrant its inclusion, statement as of December
31, 1919. will appear in the " Addendum,"

LIT('HFIELI) MUTUAL. FIRE INSURANCE COMPANY,

Litchfield, Conn.

GENERAL REVIEW.

This company was organized under the laws of the State
of Connecticut and commenced business in 1833. It writes
fire insurance under a mutual plan, and is licensed only
in that State.

Officers.— President, George M. Woodruff; secretary,
Frank B. Mason.

LIABILITIES. DECEMBER 31, 1919.

Unpaid losses    $1,750, 00

Unearned premiums    23, 254 41

Estimated taxes hereafter payable    1, 000 00

TOTAL LIABILITIES    $26,004 41

NET CASH SURPLUS    136.592 29

TOTAL   $162, 596 70

Income, 1919.— Gross premiums written, $16,623; less
return premiums, $4S1.40; total net premiums written,
$16,141.60: interest, etc., $9,207.19; other income, $17.99;
total income. $25,366.78.

Disbursements, 1919.-Net losses paid, $13,090.56; un
derwriting expenses. $5,966.51; total disbursements, $19,-
057.07.