October 2,  1930.
Honorable Thomas F. Behan,

Deputy and Acting Supetintendent of Insutance,
Albany, New York.
Sir:

In accordance with the instructions contained in appoint¬
ment numbet 7,175 dated Septembet 30, 1930, annexed heieto,
I have made an examination into the condition and affairs of the
American Surety Company of New York, and submit the
following report thereon.

This examination was made as of Decembet 31, 1929.

History

The American Surety Company was incorporated Aptil 14,
1884, in confotmity with several acts of the Legislature of the
State of New York with an original authorized capital of S500,-
000.00. The capital has been incieased as shown by the fol¬
lowing table:

Surplus
Capital              paid in

Original capital...............................    $   500,000.00

Increase in July 1887.......................         500,000.00

Increase in October 1892......................      1,000,000.00       $500,000.00

Increase in August 1895.......................         .500,000.00        500,000.00

Increase in December 1912....................      2,500,000.00

Increase in July 1929..........................      2,500,000.00     3,000,000.00

Capital December 31, 1929....................    $7,500,000.00

Contributed surplus...........................                              $4,000,000.00

Dividends have been paid since December 31, 1926, the date
of the last examination, as follows:

Year                                              Regular       Extra           Total             Amount

1927........................        20%            2%           22%       $1,100,000.00

1928........................        20%             4%           24%         1,200,000.00

1929........................        24%                             24%         1,500,000.00

The last two quarterly dividends in 1929 were paid upon
the increased capital basis.

The total cash dividends paid since the otganization of the
company amounts to $18,537,411.50.

The company is authorized by its charter to write policies
covering accident, health, liability, compensation, fidelity, sure-

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