Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-04-26

+ 3. The amount Of its Capital Stock
in shares Of one hundred dollars
each, all paid up in cash. is two hun
dred thousand dollars. ............$ 5000, 100000
Amount of surplus, Jan. I, $780,. s,s5l,7s
Total amount of capital and surplus, 5000 ,s5l.7s
4. ASSETS.
!. Cash on hand. l,2o5.35
Cash on depofit in the United
States Trust Company, of New
York. drawing interest. 100000
Cash In the American Ex. Bank, 2,63s,7l
?. Real estate unincun. bered,.... none.
s. Bonds owned by the Company. none.
Except these secured by mortga-
ges on real estate, Bonds kand
Mortgages as per vouchers ac-
companying, being marked ABB,
being first liens on property in
the cities Of New York Brook
Ign, N. T., (mostly dwelling
houses worth, in each case, not
less han 50 per cent. more than
theamount loan and, in near
ly every case, more than double
the amount loaned ........... 3l96, 00.O0
5. Interest accrued, but net due on
the above,...- 4,ooSII
o. Amount Of premiums due and
unpaid. lIIo.oi
Z. All other property belonging TO
the Company. l,cVV.VV
Total ammount OF Assets. 5000 ,65l.7s
LIABILITIES.
5. The amount Of liabilities dueor not
due to banks or other creditors, by
this Company. none.
6. Losses adjusted and dae,. none.
7. Losses adjusted and not DUE. none.
S. Losses reported unadjusted, ..... $l,IU0.0 90
y. Losses in suspe nsc, waiting for fur
ther proof. none
To- All other claims against the Com
pany,. none.
MISCELLANEOUS.
IL. The greatest amount insured in any one risk,
generally, $4,000.
IL. The greatest amount allowed by the rules Of
the Company to be insured in aoy one city,
town or village, is not fixed, being governed by
the character Of the buildings and the facilities
for extinguishing fires.
IL. The greatest amount allowed to be insured in
any one block, is governed by the character Of
the hazard the construction of tho buildings,
with view to avoid undue concentration.
IA. The Act Ct Incorporation. The Company was
incor porated under the General Insurance Law
of the State of New York, and obtained its
Charte, on the 2sth day Of February, 1853, an
sttssted copy Of which accompanies the state
ment.
written Instrument under the seal Of this
Company, signed by the President and Secretary,
authorizing any agent to acknowledge service Of
quired by statute, accompanies this statement.
STATE OF NEW YORK.,
CrrY AND COUNTY or NEW YORK..
samuel Brown, President, and James N. Bates,
Of the american Exchange Fire Insur-
lnee Company" to me personally known, being
severally affirmed and sworn, depose AID say that
the foregoing il true, full and correct statement
Of the affairs Of said Company; that the said In
surance Company 10 the bons 6de owner Of at
least one hundred thousand dollars Of cash capt.
tal, invested in mortgages on unincumbered real
estate, worth at least double the amount for which
the same is mortgaged, that the above described
investments, nor any Fart thereof, are nude for
The benefit Of any individual exercising authority
in tho management Of said Company, either -
Secretary Treasurer, Director or othsr-
wise; tina. the mortgages above described have
not been assigned, nor in any manner released or
impaired by said Company; and that they are the
lhove- described officers Of said Company.
SAMUEL BROWN, President.
JAS. N. BATES. Secretary.
Sworn and affirmed 70 before me, this 2sth day Of
March, A. ID. 1860.
IT'S Witness my hand and seal.
ALLEN RUTHERFORD,
for the State Of Iowa, In N. York.
AUDITORS OvvIcE, Iowa.
Des Noines, April 18th, l86O.s
TT Is HEREBY CERTIFIED, That on the llth
i day Of April, 1850, sworn statement was hied
10 this Office, showing the condition Of the AABa-
lCAN EXCHANGE FrRE INSURANCE COMPANY, loce-
ted at New York, in the State Of New YORK., on
the FIRST day Of January, 1850, in accordance with
the provisions Of IN Act Of the General Assem-
bly, II the State Of Iowa, entitled IAN Act in
relation to Insurance Companies. )" approved Jaau.
~ 20th, 1857 and an Act amendatory thereto, ap-
proved February eth, 1855; that said statement
shows that said company 10 possessedcf the rsquis-
its amount Of capital, and invested - required
b Law.
Authority 10 therefore given to the above named
Company to transact business Of Insurance in this
State in accordance with the laws thereof until
the 3lst day Of January, A. ID. 1861.
II 10 also certified that EDWIN FAT, Of Day-
export, has been duly appointed by said Com
pany their lawful Agent and Attorney for the
county Of Scott, with full power 70 take risks
Of Insurance therein, and to acknowledge servies
Of process. as provided by Law, upon his 6lipr
With the Clerk of the District Court, in and for
said county, certified copy Of the statement on
6le in this Office 1t is further certified that the
attached is true and correct copy Of the said
statement.
In TESTIMONY WHEREOF, have hereunto set nv
hand and affixed my seal Of Office, this 18th day
Of April, 1850.
ISL NV. CATTELL,
APRIL Auditor Of State.
Lows! FLOWS JUST RECEIVED
On consignment 6ns lot II
JOHN DBER,S
Celebrated Mollne Flows,
for nls by r. n. PRETTY1AN.
aplzetf 34I &