Mich., president National Pole Company; I. N. Bushong,
of Gladstone, Mich., manager Northwestern Cooperage and
Lumber Co.; F. H. Van Cleve, of Escanaba, Mich., presi
dent First National Bank; H. B. Fryberger, of Duluth,
Minn., attorney-at-Law; J. C. Kimberly, treasurer Kimberly-
Claane, Neenah, Wis.
lts statement as of December 31, 1919, is as follows:
Admitted cash assets: Bonds and stocks owned (market
value), $50,000; cash in banks and olfiee, $37,415.91; pre
miums or deposits outstanding not over three months due.
$1,742.15; business prior to October 1. 1919, $2,346.13;
total cash assets, $92,004.22.
Liabilities: Unearned premium deposits, $11,98S.S6;
due attorney-in-fact for administration expense, $832.33;
total liabilities, $12,821.19; net cash surplus, $79,183.03;
Cash Income, 1919.—Premium deposits written, gross,
$41,209.30; less reinsurance, $732.54; net, $40,476.76; total
cash income, $40,476.76.
Cash Disbursements, 1919.—Net losses, $8,865.51; paid
to attorney-in-fact for administration expense, $8,767.61;
legal expense, $1,029.82; taxes, licenses and fees, $645.27;
other disbursements, $40; unused premium deposits re-
turned to subscribers, $15,808.80; total cash disbursements,
In connection with this report, see important article in
troducing this section.