Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-04-25

boveCompany on
First Class Risks Only,
And es IS favorable terms as the Risk, will I'd.
nit, and oil losses
Promptly and Honorably Paid.
JOHN YANTIs, Agent.
Office on Brady street, over
DEDRICK'S BOOT q SHOE STORE.
- IA II M n NJ r.
-OH THE
CONDITION Of TUE AFFAIRS
American Exchange Fire Insurance
COW p ANY,
or THE CITY OF NEW YORK,
On rHE SIRsr DAT OF JANUARY, 1860,
Made to the Auditor Of the State Of Iosa, psysu-
ant to the Insurance LaWs Of that State.
NAME AND LOCATION.
Exchange Fire Insurance Company
and it is located in the city of New York, coun-
~ and State of New York, at No. l2e Brood.
way, in aaid city.
CAPITAL.
b g. The smount of its Capital Stock
in shares Of one hundred dollars
each all paid up in cash, is two hun
dred thousand d0llaS.. ........... 500, 900 90
Amount Of surplus, Jan. l, $780,. 0,65l,7S
Total amount Of capital and surplus, 5000 ,G5l.7S
l. Cash on hand. ACKNOWLEDGEMENTS. l,2o5.ss
Cash on deposit in the United
States Trust Company, of New
York, drawing interest, $780,. 100000
Cash In the American Ell. Bank, 7,Ss9,7l
2. Real estate unincun. bered, .... none.
). Bonds owned by the Company. none.
Except these secured by mortga-
ges on real estate, Bonds land
Mortgages a. per vouchers &C
companying, being marked Abb,
being first liens on property in
the cities Of New York 1 Brook
Ign, N. r., (mostly dwelling
houses) worth, in each case, not
less than 50 per cent. more than
theamount loaned, and, in near
ly every case, more than double
the amount loaned, .$l96, 10000
5. Interest accrued, but not due on
the above,... 4,ooo.Zi
3. Amount Of premiums due and
unpaid. .................... lIIo.oI
tho Company, ............. 100000
Total ammount OF assets. $4,000. .12o9, e5l7s
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 unsd justed, ...... $4,000
3. Losses in suspense, waiting for fur
Their proof. none.
10. All other claims against the Com
pany,.. nons.
NIsCELLANEoUs.
IL. The greatest amount insured lin 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 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 view TO avoid undue concentration.
IL. The Act Ct Incorporation. The Company wss
incorporated under the General Insurance Law
Of the State Of New York, and obtained it.
Charte, on the 2Sth day Of February. 1853. an
attssted 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, - re-
auired 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 angs Fire lnsur-
ance Company" to me personally known, being
seyerally affirmed and sworn, dep0se aid say that
the foregoing il true, full and correct statement
OF the affairs Of said Company; that the said In
sursuce Company 10 the bons fde owner Of st
least one hundred thousand dollars VI cash cspi-
tai. inverted in mortgages on unincumbsred real
estate worth at least bic the an QUIT for which
the same is mortgagsd, that the above described
inv rest meuts nor any part 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 tn
above described officers Of said Company.
SAMUEL BROWN, President
JAS. N. BATES. Secretary.
March. "A. u. 1850.
Isl Witness my hand and seal.
ALLEN RUTHERFORD,
Commissions for the State Of lows, in n. York.
Auprroa's 0rvlcs, IovAl
Des Moines. April 18th, 1862
Is dEk&bx CGhAlr 1BO, AooS On su0 - ~
i day Of April, 1850, . sworn statement Was MED
in this oi1cs, showing the condition Of the Aass-
IcAN ExcaAHE FlRE Insurance COMPANY, loca-
ted Ct New York, in the State Of New Iorx, or
the 6rst day Of January, 1860, in accordance win
the provisions Of an Act Of the 0snessl Assem-
bly 81 the State Of lova, entitled An Act IN
relation to Insurance Companies" approved Janu'
ary 20th. 1857, and IN Act amsndstory thereto, sp
proved February eth, 1865; that said statement
snovs that said company is possesssdcf the rsquis
ite amount Of capital, and invested ~ required
by Law.
Ce~nany 70 transact business Of insurance In this
500 in accordance with the laws thereof until
the let day Of January, A. D. 1851.
Il is also certified that EDWIN FAT, OF Dav-
enport, has been duly appointed by said Com
pany their lawful Agent and Attorney for the
county Of Scott, with full power to take risks
Of Insurance therein, and to acknowledge SERVES
Of process, a. provided BY law, upon his filing
With the Clerk Of the District Court, in and foI
said county, certified copy Of the statement OF
6ls in this once. II is further certified that u,
attached 10 . true and correct copy Of the saii
statement.
II TESTIMONY WHEREOF, have hereunto set y,
hand and aAixsd my seal Of once, this 1lth d!
Of April, 1860.
(L-s.] NV. CATTELL,
apv2l Auditor Of State.
To Re1etl
TIME " wORDEN HOUSE" ON THIRD, BIZ