BEST'S INSURANCE REPORTS—FIRE   MARINE.   617

UNDERWRITERS AT AMERICAN LLOYDS,
80 Maiden Lane, New York.

History.—This Lloyds began business in 1891), aml ha
paid good dividends to underwriters, besides accumulating
a substantial cash surplus.

It has fifty underwriters, all of large individual re-
sources, each of whom has paid in $2,000 in cash, and in
addition is further liable to the extent of $8,000, making a
fund for the protection of policyholders of $500,000 beyond
accumulated surplus funds. The New York Insurance De
partment has passed upon the financial standing of each
of the underwriters, and under the present law, has power
to reject any who are not satisfactory financially.

This Lloyds has $200,00.0 deposited with the New York
Life Insurance and Trust Company, as trustee, for the
protection of policyholders.

Management.—The manager and attorney-in-fact of this
institution are Edward E. flail and Charles A. Trowbridge,
80 Maiden Lane, New York, who 'are in excellent repute.
The Guaranty Fire Assurance Corporation of New York, of
which Edward E. fiall is vice-president, is under the same
management.

The securities owned are high grade.

Managing Committee.— John S. Sutphen, David S. Wal
ton, Leo II. Wise.

Liability of Underwriters.—The liability of underwriters
is limited to $10,000 each beyond the accumulated surplus
funds for losses incurred in a single conflagration; other-
wise the liability is unlimited. A retiring underwriter
cannot withdraw his cash deposit and accumulated funds
until all claims have been settled and all policies expired
on which he was interested as an underwriter.

.JACOB AMOS, Baldwinsville, N. Y.

AVILLIAM II. ANDREWS, President Pratt & Lambert, Inc., Buffalo, N. Y.
CHARLES I). ARMSTRONG, of Armstrong Cork Co., Pittsburgh, Pa.
CHARLES C. BALLANTYNE, Vice-President The Sherwin-Williams Co.
of Canada, Ltd., Montreal, Can.

JOHN N. BEACII, President of Lords Count Building Corporation, New
York.

HENRY BUHL, JR., of Boggs & Buhl, a Cap 'rations, Pittsburgh, I'a.
HENRY A. CAESER, of H. .A. Caeser & Co., New York.

WALTER C-AI.LENDER, of Callender, Meius1an & Troup Co., Provi
dence, It. I.

FRANK 1'. CIIEESM.A'N, of Cheesman & Elliot, New York.

JAMES H. CHILDS, Pittsburgh, Pa.

T. HOVE CHILDS, Treasurer of Colonial Steel Co., Pittsburgh, Pa.
EUGENE V. CONNETT, JR., of E. V. Connect & Co., New York.
ANDREW M. COOPER, Vice-President of The IIowland Dry Goods Co.,
Bridgeport, Conn.

EDWARD .1. CORNISH, President of National Lead Co., New York.
WALTER II. COTTINGIIAM, President of The Sherwin-Williams Co.,
Cleveland, Ohio.

THEODORE B. DE VINNE, of the De Vinne Press, New York.
RI-DOLF A. ERBSLOH, New York.

FELIX Ft I,D, of L. Hamburger & Co., Newark, N. J.

EDWARD E. HALL, of Edward E. Hall & Co., New York.

New York.

-JOHN D. I.ARKIN, President of Larkin Co., Buffalo, N. Y.
IA CIUS N. LITT.\T:Elt, of Littauer tires., New York.

Classes of Business Written.— It writes fire and sprinkler
leakage insurance upon risks protected by automatic
sprinklers.

9'crr,tory.— It is regularly licensed in 111., Mass., Minn.,
Mo, N. J., N. Y., Pa., A\ash. and Wis.; also by the Do-
minion of Canada.

Its statement as of December 31, 1919, is as follows:
Admitted assets: Bonds .and stocks owned (market value),
r; 678,153 interest due and accrued £hereon, $6,400.50; cash
ill banks and office, $17,2268.44; agents' balances not over
three months due, $.38,902.08; other admitted assets, $2,-
668.20; total admitted assets, $743,392.22.

Liabilities: Losses in process of adjustment, $41,328.31;
reinsurance, $5,285.94; net, $36.042.37; unearned premiums,
$189,695.35; interest due and accrued, $29,094.10; esti
mated taxes hereafter payable, $9,500; underwriters' de-
posits, $100,000; reserve account, credit balances of sub-
scribers, $60,000; total liabilities, $424,331.82; surplus over
all liabilities, $319,060.40; total, $743,392.22.

Income, 1919.— Gross premiums written, $452,834.96;
less reinsurance, $128,952; less return premiums, $85,-
090.93; net premiums written, $238,792.03; interest, etc.,
$3.2,531.22; deposit of new subscriber, $2,000; borrowed
money, $20,000; total income, $293,323.25.

Disbursements, 1919.— Net losses paid, $81,242.92; ex
pense of management, $108,158.68; dividends paid, $44,-
694.29; borrowed money repaid and interest, $153,457.91;
other disbursements, $33,180; total disbursements, $420,-
733.80.

ARE AS FOLLOWS:

WILLIAM E. MATTHEWS, President of Canadian Packing Co., Hull,
Canada.

TIIERON McCAMPBELL, New York.

CHARLES F. MILLER, President of Hamilton Watch Co., Lancaster, Pa.
GERRISH II. MILLIKE'N, of Deering, Milliken & Co., New York,
DANIEL 1'. MORSE, of McElwain, Morse & Rogers, New York.
EDGAR I'ALMER, President of the New Jersey Zinc Co., New York.
ERICKSON PERKINS, of Erickson Perkins & Co., Rochester, N. Y.
WILLIAM II. PHILLIPS, President Devoe & Raynolds Co., Inc., New
Yorke

CHARLES B. PIKE, Real Estate, Chicago, 111.

EDWIN A. RICHARD, of H. A. Caeser & Co., New York.

SAMUEL SLOAN, Vice-President of The Farmers' Loan & Trust Co.,
New York.

ARTHUR S. SOMERS, Brooklyn, N. Y.

WILLIAM J. STITT, of Jacob Adler & Co., New York.

JOHN S. SUTPHEN, New York.

CH ARLES A. TROAVBRIDGE, of Edward E. Hall & Co., New York.
FRANK A. VANDERLIP, New York.

TTIOAIAS F. VIETOR, of Fred'k Victor & Achelis, New York.
ANDREW B. WALLACE, of Forbes & Wallace, Springfield, Mass.
CHAS. G. WATT, of Watt & Shand, Lancaster, Pa.

DAVID S. WALTON, of D. S. Walton &. Co., New York.

HICKS A. WEATHERBEE, President of Arnold, Constable & Co., Inc.,
New York.

d & Lathrop,

a Corporation, Washington, D. C.

.LAMES E. H AYES, Vice-President of N. J. Zinc Co.

WILLIAM P. HARDENBERGII, New York.

THE UNDERWRITERS