MICHIGAN. 



579 



losses incurred, $1,490,366.24, as shown by the 

 companies that have reported." 



Comparing the business of the year with 

 that of 1880, the commissioner says: "The 

 results of the Michigan business show about 

 the same in amount of risks written. The 

 premium receipts in 1881 exceed those of 1880 

 by about $225,000, but the losses incurred 

 during 1881 will exceed those of 1880 in the 

 sum of $500,000. 



The statistics given cover the business of 2 

 Michigan companies, 86 companies incorporated 

 under the laws of other States, 1 Canadian 

 company, and 23 foreign companies. The de- 

 tails for the two Michigan companies are : cap- 

 ital, $500,000; admitted assets, $831,307.19; 

 liabilities, including reinsurance fund and cap- 

 ital, and excluding liabilities on special depos- 

 its, $613,945.80; surplus, as regards policy- 

 holders, $717,361.39 ; surplus over capital and 

 all liabilities, $217,361.39; risks written on 

 Michigan, $12,420,945; premiums received, 

 $148,547.27; losses incurred, $76,924.62; loss- 

 es paid, $66,622.03. 



The estimated amount of merchantable tim- 

 ber standing May 31, 1880, was as follows in 

 the Lower Peninsula: 



WHITE PIXE (Pinv, strobut). 



No. of feet 

 (board-measure). 

 Basins of streams flowing into Saginaw Bay, 



including: Saginaw River and tributaries 7.000,000,000 



Basins of streams flowing into Lake Huron . . . 8,000,000,000 

 Basins of streams flowing into Lake Michigan. 14,000,000,000 



Total 29,000,000,000 



Cut for the census year\ ending May 81, 1880 

 (including 2,9S8.GOO.OOO shingles and 428,445,- 

 000 laths, but exclusive of 36,000,000 staves 

 and 8,330,000 sets headings) ................ 4,068,773,000 



The pine remaining on the Lower Peninsula 

 is distributed over about 6,500,000 acres. Lit- 

 tle remains in large bodies south of latitude 

 44 north, though south to latitude 43 north, 

 pine is still to be found covering small areas. 



An estimated amount of 575,500,000 cords of 

 hard-wood is distributed over some 20,000,000 

 acres. 



In the Upper Peninsula it was as follows: 



WHITE PIXE (Pmiw (wot). 



No. of feet 

 (board-measure). 



Basin of Menominee River and tributaries 

 (Marqnette and Mt-nomineo Counties) 1,600,000,000 



Ontonagon, Houghton, Keweenaw, Baraga, 

 Marquette (west and north of Menominee 

 basin), and Menominee (east of Menomiuee 

 basin) Counties 2,400,000,000 



Schoolcraft, Chippewa, Mackinac, and Delta 

 Counties 2,000.000,000 



Total ................................... 6,000,000,000 



Cut for the census year ending May 81, 1S80 

 (including 100,482,000 shingles, and 34,260,000 

 laths) ..................................... 828,488,000 



An estimated amount of 124,500,000 cords 

 of hard-wood is distributed over some 10,000,- 

 000 acres. 



From " Michigan and its Resources," a 

 pamphlet issued by the Commissioner of Im- 

 migration, the following table is prepared, 

 showing State and United States lands subject 

 to entry October 1, 1881 : 



There are, besides those enumerated, 200 

 acres of " University land " in Kalamazoo, 80 

 in Berrien, and 67 in Ottawa ; and 280 acres 

 of " asset land " in Lapeer, and 40 in Genesee. 



In addition to the above lands held by the 

 State, the several land-grant, railroad, and ca- 

 nal companies held lands at the same date, as 

 follows: 



AcTM. 



Flint and Pore Marquette Railroad Company 146,100 



Grand Rapids and Indiana Railroad Company 537,037 



Jackson, Lansing and Saginaw Railroad Company. . 884,405 



