Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-05-21
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JOHN l.. NWTTS.

FS0s SnJsoa 81 1aIe NJ Se00cy .
JOHN nWITS.
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0yAx11G1DUr
o. r1s CONDITION o. ru
rhenlx Fire Insurance Cennanv
InFT TIN CITY or BROOKLYN. NEW Yopx
~ o. the Let day Of JasuAsy, 1850. ~ q ~,
! Auditor Of lows pursuapt . The statate II ~
State, passed January 18th, 1857.
NAME AND LOCATION.
+ The name Of this Company IL 1.-THE Phspix Fin
insurance. Company" and i located in tie e;tv q
Brooklyn, eoanty q King, 6hts u New Ycrk. :
CAPITAL.
The amount of ih capital stock in
shares Of fifty dollars each, all paid
up in cash. Il Two Hundred Thou
esnd iAollara r. e a4o0nno NJ
Ane,nt Of suspl.s o hand, int Day S''''
Of January: 1852, N,1s9 sc
: Total amt Of capital and surplus 31o7.2os s.
a ASSETS.
Cash In Bank and on hand 2esso !,
ke.i Estate snincumbsrsd owned BY
the Company LA "a
Bonds and Mortgages Is per voucher, -
accompanying, being first liens on
property in the cities Of Brooklyn
and New York, lnostly dwelling
houses worth IN each case from 50 70
100 per cent. more than the amount
loaned, 1s5sos N
Loans on demand, secured by pledges
Of good Bank and other Corporation
stacks as collateral, the market value
r Of which !. :, 37,s25.oo
Unpaid Premiums in tho course Of col
lection, all considered good, Fire and
Inland Marine 11eo65a
Bills receivable for premiums on In
land navigation risks 1883 80
Interest on bonds and loans, accrued
but not due, and Ill drawing ct the
rate Of per cent. 6.746 800
Bank and other Corporation stock
owned By the Company, Is per fol-
lowing vouchers:
% shares Of Atlantic Bank, NY. $500 90
~ sn-;1' Of Union Ferry Co., Brooklyn,
81 81 Bonds ss:::: 60 $685.
$4,000, at S61 1ooOe each
Total present market value $4,000
All other securities 'S.720.O0
Total assets of the Company $297, 2ss. SO
uAnLifIIs.
Losses adjusted and due, Wig: Fire,
nothing; Inland Navigation, nothing
Losses adjusted and not due,viz: Fire,
nothing; Inland Navi cation. nothing
Losses unadjusted and in suspense,
awaiting proof, viz: Fire, ~ $1,000;
Inland Navigation, $3.50 90 $4,000
Losses claimed but resisted by the
Company, viz Fire, nothing; In.
land Navigation, nothing
All other claims against this Company
nothing
Total liabilities $4,000
MISCELLANEOUS.
The greatest amount insured by any
ono risk $l5,ooo.oo
The greatest amount SLOWED by the
rules to be insured in any one city,
town or village, Is not fixed, being
governed by tho character Of the
buildings and the facilities for ex-
tinguish'ng fires.
The greatest amount allowed to be
insured in any one block. is governed
by the character and construction Of
the same, SO as t. avoid undue con-
structiOn.
Amount Of its capital OF earnings re-
ported in any other State, as secu-
rity for losses therein, nothing.
This Company was incorporated under the
General Insurance Law of the State of New York,
and obtained its Charter act Of Incorporation,
Sept. 9th, 1853, an attested copy of which is on
file in the Auditors Office Of the State of Iowa.
STEPHEN CROWELL, President.
PHILANDIR SHAW, Secretary.
CITY OF NEW York; GO
CoUSrY OF NEW York; 60
ersonally appeared before nj, this seventeenth
day of January, 1862, Stephen Crowell, President,
and Phiiander Shaw, Secretary, of the Phenix
Fire Insurance Company. of Brooklyn, N. Y. and
severallv made oath that the above statement BY
them subscribed. is correct and true, to the best
of their knowledge and belief.
In witness whereof, l have hereunto set my
hand and affixed my official seal, at the city Of
New York, this 18th day of January, 1862.
LEWIS HURST, Commissioner for Iowa.
AUDITORS OPFICE, IOwA,l
DEs MoINEs, February 4th, 1862.
It is hereby certified, that on the fourth day Of
February, 1862, sworn statement was filed in this
office, showing the condition Of the Phenix Fire
Insurance Company, located at Brooklyn, New
York, on the first day Of January, A. D. 1862, in
accordance with . provision Of an Act Of the Gen.
eral Assembly of the State Of Iowa, entitled IAN
Act in relation t. Insurance Companies, approved
January 18th, 1857, and an Act amendatory there
to, approved February 9th, 1858; that said state
ment shows that said Company is possessed Of tho
requisite amount Of capital, and invested Is re-
quired 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, A. d. One Thousand
Eight Hundred and sixty Three.
T. is also certified, that John l.. Swits. Esq. of
davenport, mas been duly appointed Dy 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 service of
process, IS provided by law, upon his fling with
the Clerk Of the District Court in and fur said
County, q certified copy Of the statement on file
in this Office. 1t is further certified that thu at
tachcd is true aud correctoopY of the said state
ment.
In testimony whereof, have hereunto SGT my
hand and ixed my seal of Office, this 4th day Of
February, 1862.
H. ]. w. CATTELL,
mch2O Auditor Of State.