Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1861-04-30
CONSERVATIVE INSURANCE.

In no other business is the pursuit OF
that middle path, "tbe golden mean,
more pcltinent, or conservative man.
agement more important, than in that
which proposes to equalize the burthen
OF "loss by the elements" between those
whose property is destroyed, and those
whose property is exempt.
The numerous failures OF Insurance
Companies which have attempted to do
business on guaranteed capital, based
on securities OF more than doubtful char
acter Of others, which have attempted
to do business on greater scale than
either their capital or their administrative
ability would warrant; OF others, which
have sought to make larger dividends
than the profits of their business would
Justify Of other, which have underta-
ken to do branches OF the business with
which they we're unacquainted; Of
others, whose investments beng all OF q
kind, aud most susceptible to such influ-
ences, we're subject to depreciation by
panic !; and Of others, which have gone
into liquidation from various other
causes, should indicate prudence and
caution to their successors, and those Of
their contemporaries who have been more
fortunate.
Az an Illustration of the successful re-
suits OF conservative management, we
may refer to the HOME INSURANCE
COMPANY ofNew York, whose bust
ness has been unvaryingIy and STEADILY
progressive, from the date of its organi-
cation to the present time, and which is
generally known aud appreciated as one
Of the most successful Companies ever
organized 10 this country. The Com
pauy began with cash capital Of half
q million dollars, which, in less than
seven years from its organization, has
been increased to one million, no part
OF which increase has ever been made
from the unealned premiums bat, 10
each instance, additional stock has been
issued and paid for in cash-the stock
holders being SO we'll Satisfied with the
prudest management Of the affairs Of the
Company, ~ to voluntarily double their
original investment, and thus furnish
this further guarantee to it's patrons; nor
have any dividends ever been declared
which could infringe on either the capi-
tai or the unearOed premiums. T, .
more than quadrnple indemnity thus Of
fered by surplus sufficient to re-insure
all outstanding risks, backed By capital
of about three times the amount of the
reinsurance fund, has been rightly ap.
preciated a. eminently entitled to conf
dence. The several departments of il.
business in the different sections of the
country, are closely supervised By agents
specially delegated for that purpose, es Oh
OF whom derives his authority DIRECTLY
from the parent Office. The business Of
inland insurance 10 closely looked after
BY experienced underwriters in the sev.
eral departments on the lakes and river,
who are required to be Immediately no.
titled Of every shipment insured, anu are
thus at al tunes advised of amount and
locality Of oil property at risk in traus.
portatioD, and enabled to provide against
excessive losses on accumulated risks. if
necessary, By Reinsurance, end also to
give prompt atteatiou, IN case Of loss or
damage. The facilities tor early ad-
jostment, through ito corps Of special
agents In different parts Of the country.
and for prompt payment Of ;osses afford.
ID BY its large Aad available ssurplu.
especially reserved for THE purpose. 70.
gstheF With the uniform iairssse asd lib.
erality manifested in it, dealipgs, have
had the siBee9 Of inspiring . confidepce
in the HOh8s MsURANCE CON.
PANY,' asd Of spreading its reputssion
70 - extent and wish . rspidey without
: parallel vs belisva IL ths 6iste,y d
Insurance. The general management II
tie Company isdiestss ~ -ssdeavot q
90 IN intelligent fair and honorable
oaassnA Jd1hss Abossues qsupeculotiv1 %
sae ts0shsths prsmians on each elea
ofhsgat{h ptU ~ Hlos1,e % The nm
=: 49,; ;;ss 70 SIde@, 1sIjy IL ~! slie,rs