Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-04-24

eAcn, all PAID up IN cash, IS two hun.
dred thousand dollars. ........... $500, 900. 90
Amount Of surplus, Jan. l, $780,. s,65l,7s
Total amount Of capital and surplus, S2O9, 65l.7o
4. AssKrs.
l. Cash On hand .................. l,205.36
Cash on deposit in the United
States Trust Company, of New
York, drawing interest. 100000
Cash In the American Ex. Bank, 2,6Ss,7l
2. Real estate unincun. bered, ..... none.
3. Bonds owned by the Company. none.
Except these secured by mortga-
ges on real estate, Bonds Aand
Mortgages as per vouchers &C
companying, being marked Alb,
being first liens on property in
the cities Of New York Brook
Ign, N. T., (mostly dwelling
houses worth, in each case, not
loss tn AN 50 per cent. more than
the amount loaned and, in near
ly every case, more than double
the amount loaned, 1896, lOO.0 90
5. Interest accrued, but not due on
the ab0ve,.... 4,ooo.Il
unpaid, ...................... l7ls.5l
& All other property belonging to m
the Company. .............. 49,
ro.., .mroonn, ., ..,s.s .s2Os, s5l7s
LIABILITIES
5. The amount Of liabilities due or not
due to banks or other creoitoEs,Dy
this Company, .........' so"e
4 Io.ses adjusted and e........ none.
7. Losses adjusted and not due,...... none a
S. Losses reported unadJusted,... s4''oo.oV
3. Losses in su. pe nsc, waiting Tor iur-
Their proof, ............ nous'
10. All other claims against the Com
pany,... ..................... no"e'
MISCELLANEOUS.
II. The greatest amount insured in any one risk,
generally, Si9,ooo.
~ The greatest amount allowed by the rules OF
the Company to be insured In any oLe CITY,
town or village, is not fixed, being governed by
the character of the buildings, and the facilities
for extinguishng fires.
10. 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.
a. 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. an
attssted copy of which accompanies the state
ment.
written Instrument under the seal Of this
Company, signed by the President and Secretary,
author ling any agent to acknowledge service Of
process. for and in behalf Of the Company, as re-
auired by Statute, accompanies this statement.
STATE OF NEW YORK,
CITY AND COUNTY OF NEW IOkkt
Samue' Brown, President, and James ii. Bates,
Secretary Of the american Exchange Fire lnsur-
ance Company" to me personally known, ocing
seyerally atii fmed and sworn depose AID 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 nde owner OF at
least one hundred thousand dollars Of cash CAPT
tai. invested in mortgages on unincumbered real
estate worth ut least doub the amount for VII 'ch
the same is mortgaged, that the above described
investments, nor any part thereof, are m DE Tor
the benefit Of any individual exercising authority
in the management OF said company, either rs
President. stary, Treasurer Director, other
wise: that the mortgages above described have
not been assigned, nor in any manner released or
inn paired by said Company and that they are the
ahove-descrbed officers Of said Company.
SAMUEL BROWN, President.
JAS. NJ. BATES. Secretary.
Sworn and affirmed to before me, this 28th day Of
March, A. d. 1850.
r. al Witness my hand and seal.
ALLEN RUTHERFORD.
Comm ssioner for the State Of Iowa, in N. York.
AUDITORS OFFICE. IosAJ
Des Moines, April 18th, 1861
TT Is HEREBY CERTIFIED, That on the llth
i day of April, 1860, . sworn statement was filed
in this office. showing the condition OF the AMER
IcAH EXCHANGE FIRE INSURANCE COMPANY, ioca-
ted 1t New York, in the State Of New fors, on
the 0r0t lay OF January, IooV, IN acHorusuco VIII
the provisions Of an Act Of the General assem-
bly Of the State of Iowa, entitled IAN Act IN
reistion to Insurance Companies" approved Janu-
ary a0th 1857, and IN Act mendatory thereto, ap-
proved February eth. 1855; that said statement
SHOWS that said company is posscssedcf the requis
its amount Of capital, and invested - required
BY Law.
Cnmpa To tran act business Of in.urance in this
State in accordance with the laws thereof until
the 3lst day Of January, A. y. 1851.
Il is also certified that EDWIN Far, Of Dav-
EXPORT, has been duly appointed by said Con-
pany their lawful Agent and Attorney for the
g. untv Of Scott, with full power to take risks
of Insurance therein, and to acknowledge service
Of process. as provided by Law, upon his fling
With the Clerk of the District Cour,, in and for
said euntJ, certified copy Of the statement on
Ole in this Office 1t is further certified that the
attached is true and cor ect copy Of the said
statement.
In TESTIMONY W8EREoF. have hereunto set nv
haad and afixet my seal OF Office, this 18th DAY
Of April, 1860.
[L. NV. CATTELL,
APRIL Auditor ~ State.
To HPSaee