Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-05-02

dred tn Ousand dollars. 5000, 900 90
Amount of surplus, Jan. |, $780,. 9,65l,7s
Total amount of capital and surplus, S2U9, COL rs
!. Cash on hand. NEUTRALITY-SUSPICIOUS.. l,205.35
Cash on deposit in the United
States Trust Company, of New
York. drawing interest. 10000
Cash In the American Ex. Bank, 2,639,7l
2. Real estate unincun. bered, ..... none.
3. Bonds owned by the Company. none.
Except thts secured by mortga-
ges on real estate, Bonds kand
Mortgages as per vouchers ac-
companying, being marked ABB,
being first liens property in
the cities of New York Brook
Ign, N. y, (mostly dwelling
houses worth, in each case, not
less than 80 per cent. more than
heamount loaned and in near
~ every case, more th an double
the amount loaned, .$l96, 100. w
5. Interest accrued, but not due on
the nbOve,... 4,oo5.Zi
8. Amount OF premiums due and
unpaid. l.1lS.3l
Z. All other property belonging to
the Company. l,O0OOU
Total ammount OF assets. $sos,s5l.7s
LIABILITIES.
5. The amount of liabilities due or not
due to banks or other creditors, by
this Company, none.
6. Losses ad listed and due, none.
7. Losses adjusted and not due, $500. none.
S. Losses reported unai justei, ....,.. 100
9. Losses in suspense, 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 any oLe 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 the buildings,
with view to avoid undue concentration.
H. The Act Of Incorporation. The Company was
incor porated under the General Insurance Law
of the State Of New York, and obtained its
Charte, on the 25th day Of February, 1859, an
attestcd copy of which accompanies the state
ment.
A written Instrument under the seal Of this
Company, signed by the President and Secretary,
authorizing any agent to acknowledge service Of
process, for and in behalf of the Company, as re-
quired by statute, accompanies this statement.
STATE OF NEW YORK,
CRY AND COUNTY OF NEW YORK.
Samuel Brown, President, and James NJ. Bates,
Secretary Of the American Exchange Fire lnsur-
ance Company" to me personally known, being
severally affi mcd and sworn, depose aud say that
the foregoing is true full and correct statement
Of the affairs Of said Company; that the said In
surance Company is the bona 6de owner of at
least one hundred thousand dollars OF cash CAPT
tai, invested in mortgages on unincumbered real
estate worth at least double the amount for VII oh
the same is mortgaged, that the above described
investments, nor any part thereof, are m! de for
the benefit Of any individual exercising authority
in the management Of said Company, either rs
President Secretary, Treasurer, director, or other
wise; that the mortgages above described have
not been assigned, nor in any manner released OF
impaired by said Company +; and that they are the
above described officers Of said Company.
SAMUEL BROWN, President.
JAS. N. BATES. Secretary.
Sworn and affirmed to before me, this 28th day oil
March, A. d. 1860.
isl Witness my hand and seal.
ALLEN RUTHERFORD,
Commissioner for the State Of Iowa, in N. York.
AUDITORS OFFICE, Iowa.
Des Moines, April 18th, l66o.i
TT Is HEREBY CERTIFIED, That on the 18th
i day of April, 1860, sworn statement was lied
in this office, showing the condition of the AMER
ICAN EXCHANGE FIRE INSURANCE COMPANY, l0ca-
ted at New York, in the State Of New fork, on
the first lay Of January, 1860, in accordance wi'h
the provisions Of an Act Of the General Assem-
bly Of the State of Iowa, entitled IAN Act In
relation to Insurance Companies approved Janu-
ary 28th, 1857 and an Act amendstory thereto, ap-
proved February 9th, 1855; that SAID statement
SHOWS that said company is possessedof the requs.
tie amount Of capital, and invested - required
by law. .ho..ov..m.a
Camnanv 70 transact business Of 'n-urance in this
State in accordance with the laws thereof until
~ Al - day Of January, A. y. 1851.
7, ia also certified that EDWIN FAY, Of Dav-
ennort. has been duly appointed by said Com
nanv their lawful Agent and Attorney for the
e. nnty Of Scott, with fnI power to take risks
oe Insurance therein, and to acknowledge service
Of process, as provided by law, upon his fling
with the Clerk of the District Court, in and foI
said &C UNITY, certified copy Of the statement on
Gle 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 my
hand and affixed my seal of Office, this 1lth daJ
Of Anril, 1860.
IL g.. j. w. CATTELL,
APRIL Auditor Of State.
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