A.M. Best Fire and Marine Insurance Companies (1919)

750 BEST'S INSURANCE REPORTS—FIRE AND MARINE.

AUTOMOTIVE INSURANCE COMPANY—Continued.

DISBURSEMENTS. Amount brought forward	$150,191	05	Non-Ledger Assets: Interest accrued on mortgage loans	2.273	64
Salaries of agents	1,037	50	Interest on bonds	415	00
Salaries of officers and directors	1, 125	00	Furniture and fixtures	2,117	53
Salaries of employees	447	50	Printing and stationery	1, 119	32
Furniture and fixtures	2,117	53	Automobiles	1.016	16
Incorporation fees	119	00
Incorporation fees	119	00
Postage, telegraph, telephone exchange and			(-ROSS ASSETS	$146.219	98
express	225	17
Advertising and subscriptions	151	50
............ Printing and stationery	1,119	32	Deduct Assets not Admitted:
..................			Furniture and fixtures	$2,117	53
Legal expense	19	4S
...........................			Printing and stationery	1.119	32
Traveling expense	282	73
.......................			Automobiles :	1, 016	16
Automobile account	1.016	16
Automobile expense account ..............	236	81
			TOTAL NOT ADMITTED	$4, 253	01
Accrued interest purchased	2,290	70
Revenue stamps	79	04
.........................			TOTAL ADMITTED ASSETS	$141,966	97
Premium on bonds	332	15
Miscellaneous expense	213	13
Advance expense accounts	100	00	LIABILITIES.
			Unpaid rents, bills and salaries	$591	33
TOTAL DISBURSEMENTS ..........	$10,912	72
			Capital stock	100,000	00
LEDGER BALANCE	$139, 278	33	Surplus.. .	41,375	64
AS SETS.			TOTAL	$141,966	97
Ledger Assets:			Classes of Business Iti--ritten.—It was organized for the
Mortgage loans on real estate	$82, 100	00	purpose of writing automobile fire, theft, tornado, collision
Book value of bonds			and' property damage insurance.
Book value of stocks	1. 000	00	Territory.— According to our latest information it is
Deposits in trust companies and banks on			licenses in Iowa only.
interest	26.340	00	Officers.— President, A. M. Schanke; first vice-president,
Deposits in trust companies s and banks not			E. G. Dunn; second vice-president, E. L. Balz; treasurer,
on interest	10.415	69	W. G. Schanke: secretary and manager. E. IT. Warner.
Cash in company's office	1.297	51	Directors.— The officers and the following are directors:
War Saving Stamps	175	13	J. J. Carleton. G. E. McQuallen, H. M. Gilmore and A. S.
TOTAL LEDGER ASSETS	$139.278	33	Lund.

CAMDEN FIRE INSURANCE ASSOCIATION,

434 Federal Street, Camden, N. J.

The report upon this company, which appears on pages
62 and 63 of this volume, and was based upon figures
furnished by it, contained the following errata under
"Income" table: The total• net premiums for fire, etc.,
were demoted as $3,797,413.40, and the marine and inland
premiums, $235,348.2S. Automobile premiums were in-

eluded in the fire premiums and not in the marine and
inland.

The correct figures for the year 1910 for total net pre
miums of fire, etc., were $3,541,099.40, and the marine and
inland premiums, including automobile, $491,662.28.

EQUITY MUTUAL FIRE INSURANCE COMPANY,

Dallas, Texas.

History.— This company was chartered under the laws
of the State of Texas March 11, 1920, and was licensed on
the same date and took over the business of the Millers
Fire Underwriters, which had prior to that time operated
as an inter-insurance exchange. It is under the manage
ment of Bailey & Collins, as it was before it became a
mutual institution.

Management and Reputation.—Bailey & Collins who or
ganized this company are also the United States managers,
under a general agency agreement, of the Fidelity Union
Fire Insurance Company, Dallas. Texas, which began busi

ness March 20, 1920. They are also managers of the
Millers Indemnity Underwriters, which writes workmen's
compensation and liability insurance under a reciprocal
plan and the American Lloyds, both of Dallas.

P. B. Bailey was formerly secretary-actuary of the South-
western Life Insurance Company of Dallas, Texas, and
later was vice-president and manager of the Ft. Worth
Life Insurance Company of Ft. Worth. Texas.

Carr P. Collins was formerly secretary of the Industrial
Accident Board of Texas and later secretary of the Texas
Employers Insurance Association.