Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-01-27

the place in waste. The losses OF the Compa-
ny we're heavy; but they we're met promptly
and with much satisfaction on the part If the
insured. Since about June last, il has been
almost perfectly quiet there having been no
fire until . very recent date. Two occurred
last week, in which the Peoria had no stock.
She has heretofore been frequently called up
on to fork over" shortly after FIRE occurred
in our city but think her luck has changed
for the better. Although her losses have been
heavy, she has in no instance failed to pay them
to the full amount and to the full satisfaction
Of the insured. can assure you that her rep.
utation in our city is not second to any Compa-
ny represented there.
THIRD REGULAR TOAST.
Our Patrons Abroad-They have heard
much OF the strength of the Peoria Marine and
Fire Insurance Company May they realize
that the half had not been told them.
This rentiment was responded to by W. Bar
rows Of Davenport. General Agent of the Com>
pany for Iowa. Wisconsin, Minnesota and Ne.
traska, as follows:
Nh President We who live beyond the
Mississippi have often heard of the Peoria In
surance Company. We have heard for many
years Of its doings and watched with earnest.
3
to greatness and power.
From the very small beginnings. the timidity
and the caution with which it introduced it,
sef into Iowa. we were led at first to look up
on it with distrust, as one Of those paper Insti.
tutions whce . few years ago flooded our
whole country. But sir. we have learned
better things Of the Peoria. That same pru
dence and caution that fret led us to nistrust
it. has now filled us with confidence, and led
us to admire that caution and to endorse that
policy
We have heard much Of its strength We
have not only learned Of its ability to pay, but
OF its willingness; and the Peoria to-day stands
second to no Insurance Company in Iowa, do
Ing business ths.e.
There are many reasons, Mr. President, why
this Company has attained 10 so promising q
stand in Iowa: Its dealings with the people
have been just. and its business transactions
honorable. Its policy in business is marked
with prudence at every step and inspires con-
f.ence in all. Ito house cards are found side
by side with the old 4Etna on the most promi
neut buildings ia the city of Davenport.
Another reason for it's popularity is that it is
a Western Institution, q home Institution, one
in which we can sympathise, one that We look
upon as belonging to u.s. The people of the
They begin to feel that the West
has paid tribute long enough to the East, while
she has enough of Western element to build
her up.
But there is another reason, still more prom
inent, why the Company is 80 popular in Iowa
1t pays its losses promnhy! (Applause) Mo-
where in all our land has there ever been, to
my knowledge. a reasonable complaint against
her on that account. 1t is always ready, and
disclsims all notions of a sixty days grace, to
adjust a claim, when the case is oil right. 1t
only wants to know its duty and il is done
speak not altogether from hear
cay in this matter but from my own observa-
tions. (Applause,)
| recollect an instance last fall where two
young men we're burnt out in our city, not far
from my own residence. insured in this Com
pany They were partners in business. had
just begun The world, and one Of them with
his young wife and child in their first home-
They had just got their last piece Of furniture,
that the most rigid prudence and economy
would allow them to begin the world with !.
and the yourg wife was happy. But at mid
night their beautiful little cottage was swept
away. was soon upon the ground and found
the wife with her child fleeing for shelter. We
met Mr.. Fay. the Agent of the Peoria Compa-
nv who tried to console her by telling her OF
its insurance in the Peoria but" said the
mother, smiling through her tears. SIS it good
Is it yoodf Will they pay?
YES" was the response Of the Agent, ''it is
good, and you shall have another house." The
next day even before the ashes were cold. work
men were clearing way for the foundations Of
two new houses upon the spot. The settle
ment was ma de, the houses went up, and took
my Christmas dinner in one, and my New
Years dinner in the other, and that young
mother is jus: as happy as she was before
She says she will never ask again II the Peoria
is good. (Applanse) The house cards of the
Company are sticking up on the doors of those
buildings. and their store insured in the Feo-
ria. Why the young wife wanted one Of the
cards over the kitchen door, and to name the
l suppose they will call it Charley Holland
The next one suppose they will
name "Peoria," if it is Of the right kind
Great laughter)
This, cir, Is but an instance of their known
10 settling losses. There is none Of
that back kwardness, that unwarrunted suspi-
clon, which furnishes q ready excuse to come
companies for the sixty days grace The af-
fcted and distressed get their loss when they
most need it. The order is from their honora
BILE secretary. "if all is right. pay up!" Why,
sir, the hall is not told Of tn 9 Company nor
can it be in one night. But it aiH be told -
In less than year, prophecy that those little
house cards will be sticking eli over Iowa. and
the Peoria Marine and Fire Insurance Company
will be the most permanent institution in the
West.
We regret that our limited space will not al.
low Of our publishing more of the proceedings
Of this interesting reunion, especially the ad-
dress Of Judge Wilson, which was one of the
finest things We ever read.
ARRESTED u. w. Dutton, formerly Cashier
Of the Branch Of the State Bank, at this place,
who resigned his office on the 3lst ult, was this
day arrested on the charge of misapplicstion
Of its funds. The Bank is fully secured by his
bond, the parties to which have given security
thst will fully indemnify the bank from any
loss. through him or others. No time has as
yet been fixed apon for Mr.. Dutton's trial, as he
is ct present too much in disposed to leave his
room.
We copy the above from the Muscatins Jour
nal of The oath. We believe that Mr.. Dutton
was at one time Cashier of . Bank in Ohio or
Indiana, and WAS one of the model ten Bank
all In . pie" selected, under
The Bank Law, to do up the finances for the
The State of Iowa, From the above notice it
would seem that he has not only done it, but
has also. in all human probability, put his foot
in It,
Where's "Pat' oil of this time, the parent OF
this particular Branch, and the gentlemen
who, in connection with Mr.. Dutton. was 60
anxious to get up the institution Of State