38 



HARDWOOD RECORD 



On the other hand, claims unadjusted are estimated at about $8,804.11 ; 

 Jidministratire expenses aggregate .$19,625.22 ; surplus and re-insurance 

 reserve amounts to $842,823.10, malting a total of $871,252.43. 



A summary of the percentage of operating expenses and tire losses shows 

 operating expenses, twenty per cent ; fire losses, twenty-two per cent : 

 "^ percentage saved to subscribers, fifty-eight per cent. 



At the close of the fiscal year insurance in force at the Alliance was 

 $26,325,502.22. The loss claims paid aggregate $117,001.98. This, with 

 unadjusted claims, made the aggregate loss claims $125,806.09. The net 

 Increase in insurance in force over the previous year was $2,473,825.33. 



The items of "surplus and re-insurance reserve" amounting to $842,- 

 -823.10, if divided as the law requires of stock companies, would be: 

 Ee-insurance reserve, $287,263.86, and surplus to the credit of the Alliance 

 policy carriers, $555,559.24. 



A gratifying feature of the record-breaking loss ratio is the fact that 

 few Alliance subscribers suffered heavy individual losses that attend 

 disastrous fires, and of all the sawmills insured by the Alliance only two 

 were burned during the year, all the other losses being of minor 

 •consequence. 



Building Operations for January 



Official reports from some fifty cities throughout the United States. 

 ■as compiled by The American Contractor, Chicago, show an aggregate 

 gain in building operations of 12 per cent for January. 1913, as com- 

 pared with January of the past year. Thirty-six of the cities listed 

 •scored an increase and fourteen a decline from the January 1912 figures. 

 Gains of over 100 per cent were made in : Cedar Rapids, 166 per cent : 

 'Chattanooga, 122 ; Chicago, 252 ; Cleveland. 114 ; Columbus, 108 ; De- 

 troit, 236: Manchester, 139: Milwaukee, 381; Nashville, 198; Newark, 

 124 : St. Joseph, 147 ; Scranton, 207 ; Toledo, 227. Particulars will be 

 •found in Ihe following table : 



CITY — 

 Akron . . 

 Atlanta 

 3altimoi-' 

 JBirminghani . 



BufTalo 



Cedar Rapids 

 Chattanooga . 



•Chicago 



Cleveland . . . . 

 Columbus . . . . 

 Denver 



Januarv January 



1913 1912 Percent 



Cost Cost Gain Loss 



$ 208.230 $ 121,450 71 



395,005 294.295 34 



635,670 460, 166 38 



362,626 243.277 49 



478,000 427.000 11 



143,000 50,000 166 



108,725 48,895 122 



7,041,600 1,999,300 252 



704,740 ,328,107 114 



208,335 99.930 108 



181,600 327.650 . . 44 



Detroit 2,029,605 602,285 236 



Duluth 68,67.5 67.625 1 



Grand Rapids 81,625 78.885 3 



Harrisburg .54,475 36,675 48 



Hartford '. 191,750 157,185 21 



Kansas City 569,405 426,851 33 



Los Angeles 2.078.730 2.456.872 .. 15 



Louisville 217,250 197,570 9 



Manchester : 48,405 20.185 139 



ililwaukec 441,211 91,630 381 



Minneapolis 319,575 264.355 20 



Nashville 100,457 33.698 198 



Js'ewark • 1,340.339 589.401 124 



JVIew Haven 612.218 391,183 56 



New Orleans 237.842 288.685 . . 17 



Manhattan 4.740,780 6,947.250 . . 31 



Brooklyn :i.213.091 2.057,947 56 



Bronx 1.716.088 3,442,754 ,. 50 



TJew York 9,669,905 12,447,951 . . 22 



Norfolk 159.064 340,330 . . 54 



Oakland 586,288 326,712 79 



■Omaha 160,725 134,850 19 



Paterson 93,148 99,143 .. 6 



Philadelphia 1,556,740 1,250.220 24 



Pittsburgh 385,488 256,359 50 



Portland 1,126,345 906.623 24 



Rochester 445,131 255,629 74 



.St. Joseph 25.095 10,150 147 



St. Louis 616.869 3,418,032 . . 81 



Salt Lake City 155,414 235,050 .. 33 



San Francisco 2,061,001 1.870,617 10 



Scranton 186,278 60,660 207 



Seattle 580,775 774.810 . . 27 



Shreveport 74,133 104.687 . . 29 



Spokane 25.730 83.438 .. 69 



Toledo 374,906 114.435 227 



Washington 707,262 757.954 .. 6 



Wllkes-Barre 82.329 41,670 97 



Worcester 159,222 131,440 21 



Total $38,071,007 $33,732,915 12 



Will Build Sawmill 



The H. B. Blanks Lumber Company, whose headquarters are at Bruns- 

 wick, Miss., with branch offices and distributing yards at Cairo, 111., and 

 Vicksburg, Miss., recently purchased from the Issaquena Land & Lumber 

 Company a large tract of land for $83,000. The company will erect a saw- 

 mill near Car.v, Miss., at a new town to be known as Issaquena, located 

 on the Yazoo & Mississippi Valley road. A railroad is being built through 

 the property. 



Opens Wholesale Department at Detroit 

 The I'eomans-Diver Company has added a wholesale lumber department 

 to its already extensive box and crating business at Detroit, Mich. The 

 new department will be under the management of President John M. 

 Diver, who prior to 1901 was connected with the old Cleveland Saw Mill 

 Company of Cleveland, O., and recently resigned as president and general 

 manager of the Cleveland-Sarnia Sawmills Company, Ltd,, of Sarnia, Ont., 

 which corporation he entered in 1901. 



The new company will handle all kinds of lumber from the southern 

 and western states as well as white pine. Norway and spruce from 



Canada, and special bills of lumber, latli and shingles. 



Mr. Diver is well-known to the lumber trade throughout the United 

 States and Canada, and his successful handling of his former duties 

 assures him a success in the new undertaking. 



The company's property is situated at the foot of Lieb street, Detroit, 

 and covers an area of about four acres. 



Insurance Company Makes Oood Showing 



At the annual meeting of the Pennsylvania Lumbermen's Mutual Fire 

 Insurance Company, held in the company's office in Lafayette building, 

 Jan. 28, the following directors were elected for a term of tour years : 

 Edwin H. Coane, K. E. Griswold, Wm. O. Curtis. 



The auditors elected were : Emil Guenther, Myron 1. Kimball, Clayton 

 W. Nichols. 



The oflicers elected for the year 1913 are as follows : 



Pbesident, Edward F. Henson. 



First Vice-President. Richard Torpin. 



Second Vict;-PRESiDENT, W. Z. Sener. 



Treasurer, Edwin H. Coane. 



AssiST.\NT Treasurer, James S. Young. 



Secretary, Harry Humphreys. 



Manager and Assistant Secretary, Justin Peters. 



.4.SSISTANT Manager, H. J. Pelstring. 



Last year was the best year in the history of the company for new 

 business. The amount written was over $2,500,000, making insurance 

 In force about $19,000,000. The surplus was increased $34,000, making 

 present surplus $376,048. The directors advised and ordered the con- 

 tinuance of a 40 per cent dividend on ail policies that will expire or 

 terminate during the year 1913. The prospects -for the year 1913 are 

 very bright. January has shown up exceptionally well for new business. 

 The statement of the company as of date Jan. 1, 1913, follows ; 



Statement, January 1st, 1913 

 CASH assets 



Approved Stocks and Bonds $ 500,390.00 



First Mortgage Loan on Real Estate 3,500.00 



Cash in Office 634.25 



Cash in Banks on Interest 73,560.96 



Premiums Due (not over 3 months in arrears) 26,841.26 



Agent's Balance 733.08 



Interest Due or Accrued 7,160.66 



Total Cash Assets $ 612,820.21 



LIABILITIES 



Losses in process of adjustment $ 23,750.27 



Taxes and other bills due or accrued 4,776.76 



Inspection charges due on premiums in course 



of collection 1,614.61 



Unearned premiums on policies in force.... 206,629.94 



Total Liabilities $236,771.58 



NET CASH SURPLUS 376,048.63 $ 612,820.21 



ASSETS AS TO POLICYHOLDERS 



Total Admitted Cash Assets 612,820.21 



Less Liabilities, except unearned premiums 30,141.64 



$ 582,678.57 

 Contingent Assets, i. e., extent of power to assess 1,239,779.64 



Making total strength back of policies in force as of this 



date $1,822,458.21 



Insurance in force $18,924,111.23 



Premiums in force $ 413,259.88 



Pease-Strang 



George D. Pease and Miss May Caroline Strang, daughter of Mr. and 

 Mrs. R. S. Strang of Chicago, were married on Feb. 1, by the Rev. Wil- 

 liam Chalmers Covert of the First Presbyterian Church of Chicago. Mr. 

 Pease is at the head of the circulation department of the American 

 Lumberman, having been in the employ of that organization for a con- 

 siderable length of time. He started bis business career in the employ 

 of one of the papers which was eventually amalgamated with one other 

 publication, to form the present organization. 



Mr. Pease, or as he is more popularly known, "Jack" Pease, has an 

 extensive coterie of friends in the lumber trade, who will unite in offering 

 congratulations. 



Death of Herman H. Hettler, Jr. 



Herman H. Hettler, Jr., son of Herman H. Hettler, head of the Herman 

 H. Hettler Lumber Company, Chicago, died at St. Lukes Hospital, Chicago, 

 on Saturday, Feb. 1. after an illness of a week following an operation. 

 The funeral was held on Monday, Feb. 3, from the family residence, 567 

 Hawthorne place, Chicago. The interment was at Graceland Cemetery. 



The deceased was graduated from the Chicago Latin School and would 

 have entered Yale University next fall. 



New Louisiana Hardwood Concern 



The St. Landry Realty Company has been formed at Port Barre, La. 

 It will manufacture hardwoods and give particular attention to the export 

 trade. C. E. Borah is president of the new concern ; Joseph Birg, vice- 

 president ; George D. Paltry, secretary : H. S. Palfry, treasurer, and A, J. 

 McCausIand, general manager. These with John D. Bell, A. M. Underwood 

 and S. W. Futral, comprise the board of directors. Mr. McCausIand has 

 had many years' experience in this line of trade. 



The company owns about 18,000 acres of timber made up of white ash. 



