Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-06-02

TIE LlvegpOOI q London Insurance
COmpanv....Prcmpt Adjustment.
The only object in being insured at all is to
be reimbursed for loss. hence the only real
question asksd BY the insured is whether this
company or that company will pay when it
loses. Outsiders have no means Of knowing Of
company's ability to pay except from the
sworn statements. This. 10 fact. is all that an
agent knows concerning the company that be
represents.
In view Of some attacks which have been
made upon the soundness Of the Liverpool d
London Insurance Company, We have had the
curiosity TO examine Its last yearly statement.
and we find il among the most safe and relia-
Bile companies in the United States. None
possesses greater ability to pay. Its assets in
this country is 81 l.o34. .70o.92. and at the time
Of statement. in January last. it owed no debts
Of any kind whatever. Besides this the home
company has reserved, accumulated fund Of
over six milllons of dollars, which 10 held for
ali losses whether at home or abroad. Its re.
cent losses at the Troy five have been heavy.
amounting to over $3.50 900, but as . proof Of
it. readiness and capability to pay that of
with promptness sea the following from the
Wall Street Umdevwriter:
FoRrIoN COMPANIES There are only two
English companies involved in this lose, the
Liverpool and London and the Unity. The
Liverpool and London is the heaviest sufferer
by this fre-the company had 1870 policies in
the burnt district, involving el53.39O The
| agency in New York has furnished US with
the following complete list of the Company e
loss on this occasion, and it ia but fair to
say that the officers of the company have
faced the music in the promptest manner.
Mr. Bacon, the local agent, issued the fol,
10 owing advertisement to ell policy holders,
and Col. Hendricks. the Albany and General
Agent of the Company. has devoted himself
the whole Of the past week to adjusting and
paying the losses "a fast as he could get thro
them. We understand he paid out 500 900 10
Troy within the week following the fire. 1t
is estimated that this Troy loss will come to
Just about l per cent. on the accumulated
assets OF the company.
Policy holders Of TIE Liverpool and London
Insurance Companies. are requested to call i'm
'nediately at their office. No 279 River street,
that their losses may be at once adjusted aud
p0lu III luI WltUOuL any utGuCbt III VI iutcTcet
JIG. BACON. Agent C..
That is sufficient to prove to any reasonable
mind that this company is worthy of the most
unshaken confidence Of the public It is WITH
regret that we see such noble concern at
tackled, yet in its present condition no amount
OF intrigue against it will effect its popularity
People will insure In companies that never
fail to pay when they lose, and no amount O
talk will keep them from doing SO. We have
before US circular bearing the signatures q
such men and firms in New York City, as A
| L. Stewart & Co., duncan, sherman & Co., X
L d A. Stuart, Grennell, Milturn & Co. Har-
per d Bros. and several other equally impor
tant business concerns They all state that i,
is entitled to their highest confidence. Wber
such men as those soy as much over their owI
siguatures, it 10 proof enough to any reasona-
| he minded person that this company is truly
; above all shadow Of suspicion. We hope te
| see it " ell patronized in this region. Tue com
pany's agent in this city,J. c. Washburn, Esq,
would not risk his own reputation as a bust
ness man so far as to act for any company, tht
responsibility Of which is in doubt, and he viii
take great pains to pay all losses on ths
moment the came is verifed-asking no exten
aiona. aud putting the insured to no shadow Q
| troui.ta 10 tcC cftoD fho