14 



HARDWOOD RECORD 



February 10, 191S 



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LUMBERMEN'S UNDERWRITING ALLIANCE 



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S. EPPERSON UNDERWRITING COMPANY 



ATTORNEY IX FACT 



ADVISORY COjnnTTEE. 



B. A. LONO. Chairman, 



Kansas CUy, Mo. 

 President Long-IJell Lumber Co. 



E. G. SWAKTZ. 



Perry. Fla. 

 Vice-Pres. Burton-Swartz Cypress Co. 



C. W. GATES. 



Pasadena. Cat. 

 President Crossett Lumber Co. 



.1. B. WHITE. 



Kansas City. Mo. 

 Pres. Missouri Lbr. & Mining Co. 



J. N. PENROD. 



Kansas City. Mo. 

 Pres. Penrod Walnut & Veneer Co. 



CHARLES S. KEITH. 



Kansas City. Mo. 

 President Central Coal & Coke Co. 



J. H. MIMMELBERCER. 



Morehouse. Mm, 

 Pres. Hiranjelberger-Harri.son Lbr. Co. 



S. .1. CARPENTER. 



New York. N. Y. 

 President Tremont Lumber Co. 



I-. I.. SEIBEI,. 



Kansas City. Mo. 

 President Fort Smitb Lumber Co. 



SUITE 1114-19 B. A. LONG BUtLDING 



KANSAS CITY, MO., January 1, 1918. 

 TO SUBSCRIBERS LUMBERMEX'S UXDEBWRITIXG ALLIANCE: 



THIRTEENTH ANNUAL REPORT 



It is with no little satisfaction that we place before you our excellent Financial Statement and Annual 

 Report for the year just closed. 



In the face of the enormous increase of hazards due to WAR conditions our average saving for the year 

 has been 31.78% of the earned premium. 



Xotwithstanding the fact that wifnin the year 1917 we have disbursed to subscribers S142,183.45 as Sav- 

 ings Dividends, our Surplus and Re-insurance Reserve shows an increase of $199,620.90 at this date. 



The ALLIAXCE now carries insurance on Sis Hundred and Twenty-four properties, amounting to 

 849,292,357.17, being an increase of insurance in force for the twelve months of S9,013,-135.53, and a net 

 increase of Sixty-seven subscribers. 



OUK BEADY RESOURCES. 



Cash in Banks S 704,407.18 



High Grade Bonds and Accrued Interest . . .' 1 381,101.59 



Accounts Eeceivable, Premium Deposits in Course of Collection, etc 137,769.20 



Total 81,223,277.97 



Less Losses in Process of Adiustment 856,452.44 



Due r. S. Epperson T'nderwriting Co.. Attorney $26,483.41 82,935.85 



SXTRPLUS and REINSURANCE RESERVE 81,140,342.12 



This item consists of amounts to the credit of subscribers' accounts which remain after 

 having disbursed to them in the thirteen years' existence of the .^LLL^NCE— 



SAVINGS DIVIDENDS returned 8 967,969.75 



FIRE LOSSES paid $3,382,784.44 



The extraordinary menaces threatening the properties in 1917 will be just as acute in 1918 — or until the 

 end of the WAR. Xow that the Government has taken over the railroads and has already taken off many 

 passenger trains in order that the crews may be put into freight service, the inspection work will be ren- 

 dered much more difficult than heretofore, but we shall do our best to make our service as regular and 

 prompt as possible. 



The issuance of our FIRE BULLETINS will be continued. We have known from the first that many 

 of our subscribers considered them very helpful in securing the kind of care and vigilance which makes 

 for a lower fire ratio and therefore for lower cost insurance. The hundreds of commendatory letters received 

 last year, however, leave no possibility of doubt as to the increased value placed upon this service by plant 

 owners and managers generally during the present emergency. Permit us to urge that these publications be 

 made to do the greatest good to the largest number through the distribution at all plants of each issue to 

 those responsible for the safeguarding of the various departments. The co-operation of our subscribers dur- 

 ing the vear 1917, which permitted us to make this excellent showing, must not be abated if the same good 

 results are to be attained in 1918. Very truly, 



U. S. Epperson, 



President. 

 V. S. ErrERSON 1 .nderwriting Comp.\xy, 

 U.SE-P. Attorney anil ilanofier. 



Lumbermen's Underwriting Alliance. 



THIS IXSL'RAXCE IS AVAILABLE TO OWNERS OF ELIGIBLE PLANTS. FOR PARTICULARS WRITE 



U. S. EPPERSON UNDERWRITING COMPANY 



1116 R. A. Long Bldg. 



Kansas City, Mo. 



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AU Three of Us Will Be Benefited if You Mention HARDWOOD RECORD 



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