Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-04-27

uTcu tnOusaHu uOlaTS... %LVV,VVV.V
Amount Of surplus, Jan. |, 1860, :. 9,65l,7s
Total amount fcapital and surplus, sos, 65l.7S
4. ASSETS.
L. Cash on hand .................. ,2O5.35
Cash on deposit in the United
States Trust Company, of New
York, drawing interest. 2,4Oo.OO
Cash In the American Ex. Bank, 2,639,'A
2. Real estate unncun. bered, ..... none.
3. Bonds owned by the Company. none.
Except these secured by morga-
ges on real estate, Bonds sand
Mortgages as per vouchers ac-
companying, being marked Ali,
being first liens on property IN
the cities Of New York Il Brook
Ign, N. Y, (mostly dwelling
houses worth, in each case, not
less than 30 per cent. more than
the amount loaned and, in near
ly every case, more than double
the amount loaned, .Sl?o,lOo.V0
5. Interest accrued, but net due on
the aboye,.. 4,ooo.Ll
8. Amount of premiums due and
unpaid. ................ l.7ls.5l
Z. All other property belonging to
the Company. .......... i,oVV.VV
Total ann cunt OF assets. .S2O9,65l.7s
LIABILITIES.
5. The amount of liabilities ducornot
due to banks or other creditors, by
this Company, .............. none
g. Lnsses adjusted and due none.
7. Losses ad usted and not due. none
S. Losses reported una1 justed, ....... Si,.oo.oO
.. Losses in suspense, waiting for fur
ther proof, none.
10. All other claims against the Com
pany,.. ............ hono.
MISCELLANEOUS.
IL. The greatest amount insured in any one risk,
generally, Si5 900.
T. The greatest amount allowed by the rules OF
the Company to be insured in any one city,
town or village, is not fixed, being governed by
the character of the buildings and the facilities
for extinguishing fires.
Is. 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 a view to avoid undue concentration.
Ia. The Act CT Incorporation. The Company was
Incorporated under the General Insurance Law
of the State of New York, and obtained its
Charte, on the 2oth day Of February, 1859, an
attcsted 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
process for and in behalf Of the Company, re-
uuired by statute, accompanies this statement.
STATE OF NEW YORK, =
Cry AND COUNTY OF NEW YORK,
Samuel Brown, President, and James N. Bates,
Secretary Of the american Exch snge Fire lnsur-
ance Company to me personally known, being
seyerally affirmed and sworn, depose and 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 fde 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 which
the same is mortgaged, that the above described
investments, nor any part thereof, are made Tor
the benefit Of any individual exercising authority
in the management Of said Company, either as
President Secretary, Treasurer director, or other
wise: that the mortgages above described have
not been assigned, nor in any manner released or
impaired by said Company and that they are the
above described officers Of said Company
SAMUEL BROWN, President.
JAS. NJ. BATES. Secretary.
Sworn and affirmed to before me, this 28th day Of
March, A. y. 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, 1867,
TT Is HEREBY CERTIFIED, That on the 18th
i day of April, 1860, n sworn statement was filed
in this Office, showing the condition Of the AMER
ICAN EXCHANGE FIRE INSURANCE COMPANY, locs-
ted at New York, in the State Of New YORK, on
tuc uISL lay VI tooV, III - :
the provisions Of an Act Of the General Assem-
bly, If the State Of Iowa, entitled IAN Act IN
reiation to Insurance Companies" approved Janu'
airy 28th 1857, and an Act amendatory thereto ap-
proved February eth, 1855; that said statement
SHOWS that said company is posscssedcf the requis
| ito amount Of capital, and invested - required
by law.
Authority is therefore given to the above named
Company to transact business of Insurance in this
| State in accordance with the laws thereof unit
| the 3lst day of January, A. d. 1851.
| It is also certified that EDWIN FAY, Of Dav
export, has been duly appointed by said Com
| pany their lawful Agent and Attorney for tn,
county Of Scott, with full power to take risk
of Insurance therein. and to acknowledge seTvic'
Of process, as provided by law, upon his film,
| with the Clerk of the District Court, in and 70
said county, a certified copy Of the statement Of
i file in this Office 1t is further certified that tn
| attached is true and correct copy Of the sai
| statement.
| In TESTIMONY WHEREOF l have hereunto set m
hand and affixed my seal of Office, this 18th d.
Of April, 1860.
| [Ls.i J.W. CATTELL,
APRIL Auditor Of State.
DLOWSl PLOWS JUST RECEIVED
i On eonsigpmens fine lot Of
JOHN DEERS
Celebrated Moline P1oWs,
for sals By R. N. PRETTYAAN.