Agriculture; Dick Miller, president City Trust Company:
Charles J. Murphy, vice-president State Savings & Trust
Company; Wm. A. Roach, secretary of the State of Indiana
All of the members of the Advisory Board are residents
Its statement as of December 31, 1919, is as follows:
Admitted cash assets: Cash in banks and office, $32,121.40;
net due association, $7,413.90; total cash assets, $39,535.30.
Liabi:ities: Unpaid losses, $3,142.71; unearned premium
deposits. $17,594.65; total liabilities, $20,737.36: net cash
surplus. $.18,797.94; total, $39,535.30.
Cash Income, 1919.- Premium deposits written. gross.
$59,863.46: less returns premium deposits, $5,613 50: net.
$54,249.96; guarantee fund, $25.000; total cash income,
Cash Disbursements, 1919.— Losses paid, gross, $11,-
451.44: less salvage, $174.63; net losses, $11,276.81; paid
to attorney-in-fact for administration expense, $19,060.65;
taxes, licenses and fees, $268; guaranty fund returned, $S.-
197.91: returned to subscribers, furniture, etc., $532.70:
other disbursements, $378.59; total cash disbursements,
In connection with this report, see important article in
troducing this section.