The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-11-23

cessfui promoters OF its prosperity, and Possesses
the entire confidence of stockholders, officers,
ard directors. His promotion is due to his prac.
teal devotion to the company, and his unques.
toned merits as an underwater. Its Secretary
IL a faithful and useful officer. The Assistant
Secretary Mr.. c. c. Lyman, has been a stock.
holder and employee of the company from its
early organization. For over thirty years he has
made every entry, every figure, indeed, in the
journals and ledgers-kept with an accuracy and
uniformity that does credit to himself and the
company. We doubt if any company can point
TO an officer who has been in its employ 80 long
Those whose Identification with a CORPORATION
has been lifelong have pride in its reputation
no one else can have. An officer NAV be skilful
and lack integrity, and possess the greater power
for mischief if disposed. We are gratifed in
being able TO point to the merits of this company
in respect to the skill and integrity of its off.
GERS, which have been distinguishing character.
istics from the outset. During its entire history
no faint of dishonesty or malfeasance ever at
tached to any officer or director OF this institu.
tion. Few corporations with career of fifty.
seven years can say this. The management has
been wise and economical payment of losses
has been prompt; liberal construction in favor
OF the insured in all doubtful cases is always
made
Again, while arson and incendiarism have
made and are still making havoc with fire in.
surance companies, and many are so gratificd
Wit hain all 70 Loo, A. -,
pay al losses, that they actually suffer great
wrong to go not only UNPUBLISHED but unnoticed
when they know that fraud has been committed
but prefer to pay the claim rather than forfeit
the privilege of making such an attractive an.
nouncement While it is the imperative duty of
any company to pay any and every Just loss for
which they are liable, and are guilty of Injustice
and wrong committed against the sufferer if not
paid, and promptitude in meeting such during
the trying emergency that follows loss by fire be-
ing often Of more advantage and service than the
magnitude of the sum paid it is equally their
duty to ferret out fraud and punish it, not only
as a matter of justice and protection to them
selves, but to society. In this particular the
management of this Company is distinguished
for its skill and persistency. An instance of its
failure to pay just claim is not on record and
their principles of asking nothing but what is
right and submitting to nothing that is wrong,
render most difficult of achievement any attempts
at fraud against it. In our opinion there can be
no more telling facts as to its stability and integ
rity. We make these illusions more to point out
what We regard foundation principles practic-
cd by this Company land should be by all, than
for any other purpose. 1t is an evidence of merit
for Company to defend itself against fraud, and
it is policy short-sighted and idle as unjust
to pay fraudulent cia;.- g., ''lc purposes mer-
.;...ed and it ought to DO discountenanced by all
as unworthy. But still another evidence of the
superiority Of management of the "Oll Hartford
is found in the facts pertaining to its
FINANCIAL CONDITION,
upon which, together with the integrity of man.
agement, the public must base its reliance for in.
demnity. This leads Us to statement of the
material resources Of this Company The total
assets, in actual cash or its equivalent are 81,
84, 26S, and oil safely invested in the most pro.
ductive securities. For the year ending June
30, 1857. the net premiums amounted to 81, 42l,-
PA, and income from oil sources to 1858 Al 4.
It will be remembered that the year preceding
this date has scarcely parallel in the history Of
underwriting in this country in respect to the
number and magnitude Of its disasters by fire,
and the "Od Hartford" was literally represent.
cd in most Of them; its total losses during that
period were nearly . million of dollars-$967,.
800. But, notwithstanding these fact., the finan.
cisl condition Of the Company is such as to i'm
press all who seek reliable indemnity with the
superior safety afforded, possessing ample cash
means; extended experience in the business,
which it has conducted on conservative and eco
nomicsl principles; devoted exclusively to one
branch Of business. and giving undivided atten.
ton to that, securing greater accuracy and more
successful management. There is virtue in age
in connection with corporations of this kind. II
10 somewhat reliable test Of responsibility. Be
IL remembered that the "Old Hartford" is the
Oldest Are insurance company in Hartiord-ia
the pioneer leader in al those magnificent insur.
snee enterprises which have made that city n
famous in this connection. It has the valuable
experience and prestige Of ffty,'eren years suo'
cessiul business, wide. and prudently conducted,
and now yields daily cash income Of $1,000,
and has acquired character for probity and
commercial honor which is unrivaled So long
and successful career is unparalleled in the his
tory Of fire insurance in the United States, and
we take pleasure in pointing the public to It =,
. monument Of what may be done in this bust