« PreviousContinue »
SUMMARY Showing the aggregate resources and liabilities of moneyed institutions, other than banks and savings banks, July 1, 1877.
RESOURCES. Bonds and mortgages...
$5,727,772 Stock investments.
21,467,003 Par value of the same.......
$20,624,234 Estimated market value of the same... 22, 155,218
Amount loaned on collateral securities.
heads. Add for cents......
above heads. Add for cents...
4,925,904 31,353,551 15,444,750
This department was created April 15, 1859, and went into effect on the first day of January, 1860. Its duties were previously discharged by the Comptroller. The Superintendent is appointed by the Governor and Senate, for a term of three years, and is required to give an official bond of $25,000. He has tho general supervision of the insurance companies transacting business in the State, and reports their condition annually to the Legislature. He must not be, directly or indirectly, interested in any insurance company. He has a seal of office, a deputy, and the necessary clerks, and reports annually to the Legislature. His salary was first fixed at $2,500, but was increased to $5,000 by a law passed in 1861. It was further increased to $7,000 in 1868. All of the expenses of the Department are paid by fees from insurance companies.
William Barnes... Albany, Albany county. Jan. 12, 1860 George W. Miller. Rochester, Monroe county, Feb. 3, 1870 Geo. B. Church, acting, Albion, Orleans county.. May 13, 1872 Orlow W. Chapman Binghamton, Broome co.. Nov. 22, 1872 William Smyth, acting, Owego, Tioga county Feb. 1, 1876 John F. Smyth.. Albany, Albany county. Feb. 16, 1877