Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-04-03
rlfe, Inland a1d LIE lrs. lgeucy Of
JOHN l.. sWITs.


!AF TIE CITY OF BROOKLYN. NEW YORK
~ On the Let day Of January, 1862, made TO TIL
Auditor Of Iowa, pursusnt TO the statute Of tia,
State, passed January 3sth, 1857.
xAxs AND LOCATION.
Tho name Of this Company IL 1.-THE Phepix Fir,
Insurance Company" and 10 located In the city d
Brooklyn, county Of Kings, State Of New York.
| cAnTAG.
| Tho amount Of its capital stock in
| shares Of fifty dollars each, all paid
! up in cash. 10 Two Hundred Thou
ssnd i'ollArs, 100000 OK
Amount Of surplus on hand, first dav
| Of January. 1862, 1898. Sc
Total amt Of capital and surplus $2s7 ,29s 81
ASSETS.
Cash in Baak and on band & 2s55O n
Real Estate unincumbersd owned By
the Company l,lN.5,
accompanying, being first liens on
property In the cities Of Brooklyn
and New York, mostly dwelling
houses worth In each Case from SOTO
100 per cent more than the amount
loaned, $500. 80
Loans on demand. secured BY pledges
Of good Bank and other Corporation
stocks % collateral, the market value
of which is 378c5 90
Unpsid Premiums in the course Of COL
lection, Ill considered good, Firean
1nlend Marine 1162653
Bills receivable for premiums on In.
land navigation risks 1883 SO
Interest on bonds and loans. accrued
but not due, and all drawing at the
rate Of per cent. 6,746.0
Bank and other Corporation stock
owned BY the Company, % per fol-
lowing vouchers:
50 shares Of Atlantic Bank, Y. 250OOO
50 shares Of Union Ferry Co., Brooklyn,
N. ", $4,000
s z $40 Treasury Notes, q, 900 each 5000 90
2 U. 4. Bonds. sizes, 1867, 1000 each
$4,000. at ss1l $4,000
Total present market value 1672O0O
All other securities
Total asset. of the Company 1921, 200 50
LIABILITIES.
Losses adjusted and due, viz: Fire.
nothing; Inland Navigation, nothing
Losses adjusted and not due,vix: Fire,
nothing; Inland Navi ,stion. nothing
Losses unad justed and in suspense,
awaiting proof, viz: Fire, 81, $50. 90;
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
The greatest amount insured by any
-, ono risk sl5,ooo.oo
The greatest amount allowed by tho
rules to be insured in any one city,
town or village, is not fixed, being
governed by the character of the
buildings and tho facilities for ex-
tinguish ing fires.
Tho greatest amount allowed to be
insured in any one block. is governed
by the character and construction of
the same, 80 as (. avoid undue con-
structien.
Amount Of its capital or earnings 70.
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 or act of Incorporation,
Sept. 9th, 1853, an attested copy Of which is on
file in the Auditors Office Of the State of Iowa.
STEPHEN CKOWELL, President.
PnrLAxDAR SHAW, Secretary.
CITY OF NEW YORK. GO
County or NEW York CO.
ersonally appeared before me, this seventeenth
day Of January, 1862, Stephen Crowel, President,
and Pbi'ander Shaw, Secretary, Of tho Phenix
Fire Insurance Company. of Brooklyn, N. Y. and
severally made oath that tho above statement By
them subscribed, is correct and true, to the best
Of their knowledge and belief.
In witness whereof, l have hcreunto set my
New York, this 18th day Of January, 1862.
LEWIS HURST, Commissioner for Iowa.
AUDITORS OFFICE, IOWA.,
DEs MoINEs, February 4th, 1862.
It 10 hereby certified, that on tho fourth day Of
February, 1852, sworn statement was filed in this
office, showing the condition Of the Phenix Fire
Insurance. Company, located at Brooklyn, New
York, on tho first day Of January, A. ID. 1862, in
accordance with provision Of an Act Of the Gen.
eral Assembly Of the State of Iowa, entitled IAN
Act in relation :, Insurance Companies, approved
January 18th. 1857, and an Act amendatory therc-
TO, approved February 9th, 1858; that said state.
ment shows that said Company is possessed of the
requisite amount of capital, and invested as 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.
lis also certified, that John L. Swits, Esq. of
Davenport, 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 service of
process, as provided by law, upon his filing with
the Clerk Of the District Court in and fur said
County, . certified copy Of the statement on file
in this Office. 1t is further certified that tn at
tachcd is true aud correctcopy of the said state
ment.
In testimony whereof, have hereunto set my
hand and aft xed my seal Of Office, this 18th day Of
February, 1869.
lis J. W. CATTELL,
mch20 Auditor of State.