UNITED STATES OF AMERICA. (MAINE.) 



739 



582,415.56. The resources include cash on deposit 

 of $977,618^.87 and cash on hand of $225,289.38. 

 The trust a*nd banking companies are 18, with to- 

 tal liabilities of $16,528,146.79, and among the re- 

 sources is a total cash account of $348,593.39. 



Insurance. The fire-insurance companies do- 

 ing business in the State in 1901 were reported as 

 follow. Risks written, $138,543,163.19; amount 

 paid in premiums, $1,840,632.84; losses incurred, 

 $1,298,174.73; losses paid, $1,294,849. 



The business done by the marine insurance com- 

 panies was as follows: Risks written, $36,806,- 

 312.39; amount paid in premiums, $397,555.61; 

 losses incurred, $203,708.38; losses paid, $201,- 

 629.09. 



The total of risks written by the miscellaneous 

 companies was $50,793,013.22, against $41,853,- 

 102.24 in 1900. The total of losses paid was $86,- 

 764.99, while in 1900 the losses paid amounted to 

 $68,695.44. 



Four assessment companies are doing business 

 in Maine. These totals are as follow: Policies, 

 1,809; amount, $1,480,836; premiums received, 

 $52,338.59; claims paid, $26,994.37. 



Policies in force Dec. 31, 1901, numbered 3,220, 

 against 3,172 in 1960. The amount of these poli- 

 cies was $4,773,561. In 1900 the amount was 

 $6,662,675. 



The total loss to buildings amounted to $1,116,- 

 582; to contents, $1,053,442. 



The commissioner says the payments made by 

 companies of other States and countries were great- 

 er than in any other single year; and the ratio 

 of payments to pi'emiums received, 70.35 per cent., 

 was greater than in any year since 1886, when on 

 account of the conflagrations at Farmington and 

 Eastport the companies paid $102 for every $100 

 received. The abnormal loss ratio last year was 

 occasioned by conflagrations at Lisbon Falls and 

 Old Town and by a single fire in the city of Port- 

 land, which alone resulted in a property loss of 

 more than $280,000. 



Nineteen companies withdrew from the State 

 this year. 



Life-insurance policies to the number of 31,217, 

 amounting to $15,543,429, were issued this year. 

 In 1900 the figures were 23,686 and $13,828,064, re- 

 spectively. 



Industries and Products. The farms of 

 Maine, June 1, 1900, numbered 59,299, and had a 

 value of $96,502,150. Of this amount, $47,142,700, 

 or 48.9 per cent., represents the value of buildings, 

 and $49,359,450, or 51.1 per cent., the value of land 

 and improvements other than buildings. The 

 value of farm implements and machinery was 

 $8,802,720, and of live stock $17,106,034. Of the 

 59,299" farms 56,524 were operated by their own- 

 ers, 2,030 by cash tenants, and 745 by share ten- 

 ants. 



The number of dairy cows has steadily increased 

 and in 1900 there were 173,592. The importance 

 of this industry is shown by the fact that in 1899 

 the proprietors of 29.9 per cent, of the farms de- 

 rived their principal income from dairy-produce. 



During the last five months of 1900 Aroostook 

 County shipped 2,500,000 bushels of potatoes. 



This State leads in the granite industry. There 

 are about 150 granite quarries, of which about 

 one-third are now operated. 



In 1901 a new mica-mine was discovered and 

 opened on Hedgehog mountain in Peru. 



The reports show a capital of $122,918,826 in- 

 vested in 1900 in manufactures and mechanical in- 

 dustries in the 6,702 establishments reporting. 



The value of the products is returned at $127,- 

 301.485, to produce which involved an outlay of 

 "~ 171,433 for salaries of 3,329 officials, clerks, etc.; 



, 



$28,527,849 for wages of 75,000 employees; $7,774,- 

 216 for miscellaneous expenses; and $68,863,408 

 for materials. 



The 10 leading manufacturing industries of 

 the State are, in the order of the value, of their 

 products, as follow:- Cotton, lumber, wool, paper 

 and pulp, fish canning, flour and grist, foundry 

 products, ship-building, tanning, and the printing 

 and publishing of newspapers. The first four are 

 nearly equal in importance. 



The manufacture of cotton goods has long been 

 the leading industry of the State. The 15 estab- 

 lishments reported in 1900 gave employment to 

 13,723 persons, 18.3 per cent, of the wage-earners 

 of the State, and their products were valued at 

 $14,631,086, or 11.5 per cent, of the total manu- 

 factured products. 



There were 838 establishments engaged in the 

 manufacture of lumber and timber products in 

 1900, the industry second in rank, with 6,834 

 wage-earners and products valued at $13,489,401. 



In the manufacture of paper and wood pulp 

 Maine ranked third with 35 establishments with 

 4,851 wage-earners and products valued at $13,- 

 223,275. 



The wooded area of the State is given as 23,700 

 square miles, 79 per cent, of the total land area. 



There were 117 establishments engaged in the 

 canning and preserving of fish in 1900, with 5,567 

 wage-earners, and products valued at $4,779,733. 



Ship-building ranked eighth in 1900, but this 

 year it would doubtless stand much better on the 

 list. There were 115 establishments engaged in 

 wooden ship and boat building in 1900, with 1,369 

 wage-earners and products valued at $2,491,765. 



Legal Decision. A decision, affecting thou- 

 sands, was given by the Supreme Court in Decem- 

 ber. The act of 1901 requiring hawkers and ped- 

 lers to pay a license fee was declared unconsti- 

 tutional. 



New Defenses. The new defensive works 

 which the Government has allotted Casco Bay 

 will consist when completed of 38 rifled guns. 

 Eighteen of these will be 12-inch, 10 10-inch, and 

 10 8-inch, to cost for guns $1,352,164 and for car- 

 riages $546,000. The large disappearing guns at 

 Fort Williams, Portland Head, are the largest in 

 the world. They have a range of 15 miles and 

 fire 5 shots before the first one reaches its desti- 

 nation. 



In addition there is constructing a mortar bat- 

 tery to contain 48 12-inch mortars, to cost $648,- 

 000, and their carriages an additional $336,000. 

 These, with the fortifications at Diamond and 

 Cushings islands, complete a line of defense which 

 would effectually take care of any fleet that any 

 country might send here. 



The whole eastern end of Diamond island has 

 recently been acquired by the Government. 



Pemaquid. The ancient fortifications at Pem- 

 aquid, known as Fort William Henry, have been 

 conveyed to the State by the Pemaquid Monument 

 Association, and are in the charge of a commission. 

 The foundations of the old fort, which was de- 

 stroyed by Iberville, have been uncovered and a 

 part of the wall rebuilt from the original mate- 

 rials, corresponding to the plan of the old fort; 

 and it is desired to carry on the work still further, 

 for which the Legislature is asked to make appro- 

 priation. 



Centennial Anniversaries. Several towns 

 this year celebrated the one hundredth anniver- 

 saries of their incorporation Waterville, Minot, 

 Brownficld, and Lincolnville. York reached this 

 year the age of two hundred and fifty years. 



Bowdoinham. Half the business portion of 

 this village was destroyed by fire Dec. 14. 



