Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-05-07

I"s'4ranee Company, Of Hartford. Conn.
CASE oAPirALASD suaPLUsr .O70 Ga
CITY FIRE
Ins"rance Co., of Hartford, Conn.,
SAsH cArITAL SUPPL ,00e o.
W-esssrss .asssseA,seeffs
l"saranee Company, of Pin.6eld Ma.
- oAl'rAI s'aslus. Reconnaissance -
WILLIAM ALLEN, Agent.
- Omce No. ~, LIE Claire Row, ID Street.
- + a II II M II NJ II.
OF THR-
CONDITION OF THE AFFAIRS
-OP rHR-
American Exchange Fire Insurance
COW ANY,
or THE CITY or VIEW YORK,
OS TIE FIRST DAY OF JANUARY, ls6o,
Made 10 the auditor of the State of Iona. pursu
ant TO the Insurance Lars of that State.
NAME AND LOCATION.
l. The name of this Company is "American
Exchange Fire Insurance Company
and it is located in the city Of New York, coun-
ty and State Of New York, at No. l2S Broad
way, in said city.
2 : 5. The amount Of its Capital Stock
in shares Of one hundred dollars
each, all paid up in cash, is two hum
dred thousand dollars. 5000 900 90
Amount Of surplus, Jan. l, $780,. 9,65l,7s
Total amount Of capital and surplus, $2O9 ,65l rs
4. ASSETS.
l. Cash on hand. INSTRUMENTATION. l,20535
Cash on deposit in the United
States Trust Company, of New
York, drawing interest, ...... 100000
Cash In the American Ell. Bank, 2,63s,7l
z. Real estate unincun. bered, ..... none.
8 Bonds owned by the Company. none.
Except these secured by mortgs-
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 l. Brook
Ign, N. T., (mostly dwelling
houses worth, in each case, not
less than 80 per cent. more than
theamount loaned and, in near
ly every case, more than double
the amount loaned, .. $l96, 400 90
g. Interest accrued, but not due on
the above,... .............. 4,5oo.2l
3. Amount OF premiums due and
unpaid. .............. lIIo.ol
z. All other property belonging TO
the Company. OOO.OO
Total ammount Of assets, .. $2O9, G5l.7s
LIABILITIES.
S. The amount Of liabilities dueor not
due to banks other creditors, by
this Company, NEUTRALITY-SUSPICIOUS.. none.
6. Losses adj listed and due, .......... none
Z. Losses adjusted and not lue,.. none.
S. Losses reported unadj usted,. $4,000. 90
y. Losses in suspense, waiting for fur
Their proof, none.
10. 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 one city,
town CT village, is not fixed, being governed by
the character Of the buildings, and the facilities
for extinguishing fires.
l3. The greatest amount allowed to be insured in
any one block, is governed by the character Of
with . 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 2sth day of February, 1859, al
attssted copy Of which accompanies the state
ment.
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, accom- panies this statement.
STATE OF NEW YORK;
Cry AND County or NEW York;
Samuel Brown, President, and James NJ. Bates,
Secretary Of the American Exchange Fire Insur-
ance Company" to me personally known, being
severally affirmed and sworn, depose and say that
the foregoing is true full and correct statement
of tho 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
tall 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 for
the benefit Of any individual exercising authority
in the management Of said Company, either rs
President Secretary, Treasurer, Director, other
wise; that the mortgages above described have
not been assigned, nor in any manner released or
impaired by said Company and hatthey 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. ID. 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, 1865
TT Is HEREBY CERTIFIED, That on the 18th
i day of April, 1860, sworn statement was filed
in this office, showing the condition Of the AMER
&c AN EXCHANGE FIRE INSURANCE COMPANY, loca-
ted at New York, in the State Of New YORK, on
the first lay Of January, 1860, in accordance with
the provisions of an Act of the General Assem-
bly, Of the State Of Iowa, entitled "An Act in
relation to Insurance Companies" approved Janu
AIRY 2Sth, 1857, and Act amendstory thereto, ap-
proved February 9th, 1855 that said statement
shows that said company is posscsscdof the requis
ite amount Of capital, and invested as 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 until
the 3lst day of January, 4. d. 1851.
It is also certified that EDWIN FAR, Of Dav-
export, has been duly appointed by said Com
pany their lawful Agent and Attorney for the
county Of Scott, with full power to take risk.
Of Insurance therein, and TO acknowledge service
Of process, rs provided by law, upon his fling
with the Clerk of the District Court, in and for
said county, certified copy Of the statement on
fle in this Office. 1t is further certified that III 9
attached is true and correct copy Of the said
statement.
In TESTIMONY WHERE0F, have hereunto set my
q hand and affixed my seal Of Office, this 18th day
Of April, 1850.
APRIL Auditor Of State.
1860. Davenport Ice Go. 1850.
THE DAVENPORT ICE COMPANY ARE
j now delivering Ice TO
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