Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-05-04

Applications received and Policies issued in the
boveCompany
First Class Risks Only,
And or as favorable terms ~ the Risks will ad-
NIT, and ell losses
Promptly and HOmora bly, Paid.
JOHN YANTIs, Agent.
Office on Brady street, over
DEDRICK'S BOOT d SHOE STORE.
- TATH M n NJ II.
-OF THR-
CONDITION OF THE AFFAIRS
American ExchaDge Fire Insurance
COW ANY,
or THE CITY OF NEW YORK,
On THE PIRsr DAY OF JANUARY, 1860,
Made TO the auditor OF the State of Ioco, 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. l25 Broad
way III Saiu city.
CAPITAL.
2 i 3. 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, 90
Amount of surplus, Jan. l, $780,. 9,65l,7s
Total amount of capital and surplus s209 ,s5l.7S
4. ASSETS.
!. Cash on hand .................. ,205. 35
Cash on deposit in the United
States Trust Company, Of New
York, drawing interest, .. 100000
Cash In the American Ex. Bank, 2,63s,7l
2. Real estate unincun. bered, ..... none.
3. Bonds owned by the Company. none.
Except these secured by mortga-
ges on real estate, Bonds iand
Mortgages as per vouchers ac-
companying being marked ABB,
being first liens on property in
the cities Of New Y ork Brook
Ign. n. T., mostly dwelling
houses worth, in each case, not
less tt an so per cent. more than
theamount loa ned, and, in near
ly every case, more nan double
the amount loaned, ...... 1896, 100. 90
5. Interest accrued, but not due on
the above,... -......... 4,ooe.II
9. Amount Of premiums due and
unpaid, ................... l7ls.I
!. All other property belonging 70
the Company. I.ooo.oo
Total ammount OF assets. ...... &20e, 65l7S
LIABILITIES.
5. The amount Of liabilities dueor not
due to banks or other creditors, by
this Company, .............. none
6. Losses adjusted and dae,. ....... none.
I. Losses adjusted and not due. none.
S. Losses reported unadj usted,... $4,000
=. Losses in suspensc waiting for fur
ther proof, .......... none.
10. All other claims against the Com
pany,. none.
MISCELLANEOUS.
IL. The greatest amount insured in any one risk,
generally, $4,000.
H. The greatest amount allowed by the rules Of
the Company to be insured in any ore city,
town or gillage,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 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, m
attested copy Of which accompanies the state
ment.
A written Instrument under the seal Of this
Company, signed by the President and Secretary,
ring any agent to acknowledge service Of
process, for and in behalf of the Company, IS 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 Inc personally known, being
severally 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 1T
least one hundred thousand dollars Of cash CAPT
tai, inverted in mortgages on unincumbered real
estate worth at least double the amount for which
the same is mortgaged, that the above described
nor any rsrt thereof, are nude for
the benefit Of any individual exercising authority
in the management Of said Company, either -
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. n. BATES. Secretary.
Sworn and affirmed to before me, this 26th day Of
isl Witness my hand and seal.
ALLEN RUTHERFORD,
Commissioner for the State Of Iowa, in N. York.
AUDITORS OFFICE, Iowa.
Des Aoines, April 18th, 1891
TT Is HEREBY CERTIFIED, That on the llth
i day Of April, 1850, . sworn statement was filed
in this Office, showing the condition Of the AAss-
IcAN EXCHANGE FIRE Insurance. COMPANY, ioes-
ted at New York, in the State Of New York, on
the first lay Of January, 1850, in accordance WIN
the provisions Of an Act of the General Assem-
bly, sf the State Of 1ows, entitled An Act ~
relation to Insurance Companies, approved Janu-
ary 26th, 1857, and an Act amendatory hereto, sp
proved February 9th, 1858; that said statement
SHOWS that said company is possessedcf the rsquis
lite amount Of capital, and invested - required
BY lav. ...,.a
Co,n.nv to transact business Of Insurance in this
State IL accordancs with the laws thereof uatil
the 1, IT day Of January, A. ID. 1861.
Il !. also certified that EDWIN FAT, Of Dav-
.nrovt. has been duly appointed by said Com
nav their lawful Agent and Attorney for the
c@nntv Of Scott, with full power to take risks
az insurance therein, and to acknowledge servics
Of process, as provided by law, upon his fling
Nth the Clerk of the District Court, in and foa
s.id county, certified copy Of the statement o.
Gle in this once. 1t is further certified that the
attach ed is . true and correct copy Of the said
statement.
In TESTIMONY WnE11OR, have hersunto ct n
! hand and affixed my seal Of o6ies, this llth daJ
lL.sl wv. CATTELL,
APRIL Auditor Of State.
II WeSet! @