NEW HAMPSHIRE. 



409 



operation as reported at the close of business, 

 June 30, 1900: 



Savings banks Amount due depositors, $53,- 

 896,710.79; guarantee fund, $2,958,287.58; in- 

 1 crest, $1,262,304.69; premium, $3,945,768; total, 

 $62,063,071.06. Assets Loans on mortgage secu- 

 rity (local), $9,846,934.32; loans on mortgage se- 

 curity (western), $5,350,727.81; loans on personal 

 security (local), $5,709,437.49; loans on personal 

 security (western), $747,035.39; loans on collateral 

 security (local), $5,260,309.21; loans on collateral 

 security (western), $288,285.93; United States 

 and State bonds, $936,022 ; county, city, town, and 

 district bonds, $7,928,364.74; railroad bonds, $7 ,989,- 

 170.55; miscellaneous bonds, $2,998,199.21; bank 

 stock, $2,022,131.49; railroad stock, $6,241,928.35; 

 manufacturing and miscellaneous stocks, $1,283,- 

 311.50; miscellaneous investments, $99,480.62 ; real 

 estate by foreclosure, $3,009,249.92; local real es- 

 tate, bank buildings, etc., $562,483.63; cash on 

 deposit in authorized banks, $1,640,924.64; cash 

 on hand, $149,074.26; total, $62,063,071.06. 



State banks and trust companies Capital stock, 

 $560,000; surplus fund, $71,056.05; undivided 

 profits, $33,654.10; business deposits, $989,536.26; 

 miscellaneous indebtedness, $197,027. 83; premiums, 

 $8,574.50; total, $1,859,848.74. Assets Loans on 

 real estate, $255,271.64; loans on personal securi- 

 ty, $517,146.13; loans on collateral security, $213,- 

 501.37; municipal bonds, $35,847.80; railroad 

 bonds, $33,446.50; miscellaneous bonds, $142,- 

 930.56; bank stock, $20,175; railroad stock, $74,- 

 935.50; manufacturing and miscellaneous stocks, 

 $8,220; miscellaneous investments, $58,698.17; real 

 estate, $90,419.78; cash on deposit, $318,951.89; 

 cash on hand, $90,304.40; total, $1,859,848.74. 



The commissioners say : " The improvement in 

 the character of the assets of savings banks is in 

 a great measure due to the action of the Legisla- 

 ture of 1895 in restricting and regulating invest- 

 ments. The law has been in force since July 1, 

 1895, and has demonstrated its value." 



Two new banks were opened during the year 

 1900, viz., the Hillsborough County Savings Bank, 

 of Manchester, and the Citizens' Institution for 

 Savings, of Nashua. 



The total assets of the 16 building and loan 

 associations doing business, as returned June 30, 

 1900, was $1,830,162.53, divided as follows: Loans 

 on real estate to members, $1,606,873.90; loans on 

 shares to members, $36,411.20; loans to nonmem- 

 bers, $55,275; miscellaneous bonds and other as- 

 sets, $75,965.33; cash on hand, $55,637.10. No 

 foreign building and loan associations are author- 

 ized to do business in this State. 



Insurance. The report of the Insurance Com- 

 missioner for 1899, issued March 1, 1900, shows 

 that 11 companies of other countries and 7 com- 

 panies of other States were licensed since the last 

 annual report. Of the foreign companies, 1 comes 

 from Ireland, 3 come from England, and 4 from 

 Germany all conducted on the stock plan. The 

 number of companies now doing business in New 

 Hampshire is 117, including 29 mutual and 88 

 stock companies. 



The surplus as regards policy holders (which 

 means the surplus aoove all liabilities and the 

 amount of the paid-up capital added to it) of all 

 authorized companies, save the State mutuals, 

 was for the year 1899 (93 companies) $126,364,- 

 006.09. 



The companies of other States and countries 

 have paid all losses promptly and honorably. 



A recapitulation of the business of the 30 New 

 Hampshire companies for 1899 is as follows: Town 

 mutuals (18 companies) Risks written, $680,- 

 546; premiums and assessments received, $7, 605.66; 





losses paid, $6,093.28; risks in force, $2,981,930. 

 The Grange, Merrimack County, and Rocking- 

 ham Farmers' Mutual Risks written, $2,931,298; 

 premiums and assessments received, $36,248.64; 

 losses paid, $28,714.14; risks in force, $11,053,- 

 756.48. The Grange Company confines its business 

 to its own members. Two cash mutuals Risks 

 written, $4,114,560.23; premiums received, $60,- 

 727.54; losses paid, $42,881.91; risks in force, 

 $7,270,938. 



The business of the 6 New Hampshire stock 

 companies was as follows: Risks written, $35,- 

 933,736.94; premiums received, $468,926.13; losses 

 paid, $230,890.46. 



The surplus as regards policy holders of the 3 

 larger stock companies namely, the Granite State, 

 the Capital, and the New Hampshire for Dec. 31, 

 1899, was $2,573,426.78. The gross assets of the 3 

 companies on Dec. 31, 1899, were $4,275,570.35. 

 The business written by them within the State in 

 1899 was $34,250,000, and within and without the 

 State they wrote more than $208,000,000. 



The total business of New Hampshire companies 

 within the State for 1899 was: Risks written, $43,- 

 660,141.81; premiums received, $573,507.97; losses 

 paid, $308,579.79 a gain of nearly $2,000,000 in 

 insurance written. 



The business of other States and countries (82 

 companies) was: Risks written, $60,014,039.25; 

 premiums received, $794,680.96; losses paid, $438,- 

 749.11. 



Total business of all authorized companies 

 within the State was: Risks written, $103,674,- 

 181.06; premiums received, $1,368,189.93; losses 

 paid, $747,328.90. The increase among all author- 

 ized companies in the amount of insurance written 

 was more than $12,000,000. The premiums aggre- 

 gated nearly tAvice the losses. 



Railroads. The only important change in New 

 Hampshire railroads in 1900 was the lease of the 

 Fitchburg system to the Boston and Maine, which 

 gives the last-named corporation control of all but 

 about 100 miles of the line of track in the State. 

 This 100 miles is divided about equally between 

 the Grand Trunk and the Maine Central. The 

 only new steam road built during the year was 

 the Manchester and Milford, about 18 miles, which 

 was opened Jan. 1, 1901. As all New Hampshire's 

 steam railroads extend into other States, it is im- 

 possible to give the amount of their traffic in this 

 State for 1900, but it doubtless compares favorably 

 with that of 1899, which was a very prosperous 

 year. All the steam roads are in better physical 

 condition than ever before, and are well equipped. 



The new electric or street roads include one from 

 Manchester to Goffstown, 10 miles; the Ports- 

 mouth, through the streets of that city and 

 through Rye and North Hampton to Hampton, 

 and some extensions on the branch of the Exeter, 

 Hampton and Amesbury road. 



Bureau of Labor. The canvass of the State 

 for the year ending June 30 shows creameries re- 

 porting, 45 ; capital invested, buildings and equip- 

 ments, $226,840; value of production, $1,179,055; 

 number of persons employed, 121; wages paid,. 

 $56,694. These figures are distinct from the cream 

 and milk products that find sale in Boston and 

 elsewhere. 



The labor statistics for the steam railroads are 

 these: Mileage of all systems, 1.320; number of 

 men employed, 9,898 ; aggregate wages paid for the 

 year, $5,55*9,640. The mileage of street railways, 

 July 1, 1900, was 103}; number of employees, 413; 

 wages paid for the year, $236,236. 



Agriculture. The agricultural fairs include 

 an exhibition known as the Concord State Fail-, 

 6 county or district fairs, and about 50 town ex- 



