The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-10-16
Royal Ensurance Company.

At end of current year, the Royal Insurance
qofapany viii complete its first quarter century.
Bhe annual report for its twenty-fourth year, in
connection with other public statements (the
Royal believes in publicity, shows how the
results and experience of the past have worked
to promote the growth and position of the COM
pany. As regularly as the years go on the Royal
makes strongerits foundations. In the fire de-
Partment, the reserve fund was strengthened by
the addition OF S61, $50 out of the net fire earn
ings of 1868, after payment of dividend, and
$53, ,2S5 were added TO the profit and loss account
81 this department. At end of 1868 the total of
reserve fund and profit and loss account was
Ss42 745; of this sum, S142, ,415 was the contri-
button of 1863 accumulation from interest in
sluded
To the accumulated fund of the life depart-
ment $724, 795 was added by the business of 1868
making the total of the life fund at end of wear
45,611,375
The ratio of fire loss to premium last wear
was fraction less than 63 per cent. As COM
pared with 1867, the annual fire premium was
increased $75, 145 while the increase of loss was
hut $3S, $50.
Mr.. j. ii. McLaren, the present manager
walks ably in the path followed by the sapacious
Percy NJ Dove. The new elements of fire
hazard receive from the management that care
full and searching investigation which the alarm
ing importance of the subject calls fer. Through
out the civilized world the FIRE hazard is on the
increase, under the operation of inevitable laws
This fact is appreciated by the Royal, which
acts in the spirit of a just preparation for the
emergency. Inquiry as to the fate of the risks
declined in 1868 showed that the loss on them
alone, had they been accepted, would have been
equal to one-siXth Of the aggregate loss sustained
by the company.
The Philadelphia Branch of the Royal under
the management OF George Wood, Esq, was
never more conspicuous in American insurance
affairs than at present. Its important relations
to Philadelphia manufacturing interests. as
evinced in the great fire crisis through which the
city is now passing, seems to us to call for espe-
oial comment This great agency was orga-
nized in Philadelphia in April, 1852 and up to
September l. 1869. it paid losses to the amount
OF 81, 1,473,9SS, including claims resulting from
the destruction of the Patterson warehouse
The experience of the Royals agency gives the
following result
april a. 1852, to December 81, 1868.
aggregate assurances Ag1'oe Josges
Non hazardous risks. $149. .450.117 1888, ,O2S,77
hazardous rlsks.... ~, 19S,742 912,151.23
1921, ,64S, $50 81, $50, 1900 !
The whole insurances for the nearly seventeen |
years were written at an average premium for |
the period of LOG per cent. Average rate of |
premium on the several classes OF risks for the
whole period, as follows:-
CLASSES of Risks. Of P,cmiss1m.
Dwellings, churches and contents. ....... 81
Merchandise and warehouses. ............. .56 |
Lumber yards and ships on stocks. ..........1.21
Printing offices and book binderies .1'3l
Soap, candle, and japan works s..........l.61
Petroleum and products. ts...............,.l.72 !
Stables barns and contents. ....,,. -,
Machine shops and foundres, '''.''.I'IS
miscellaneous hazardous ris- ''''''''''''''i
Flour and drug mill ms
Chemical ,|US
ni = ,e and print works. .............214
DIstleries and sugar refineries. .............22O |
Cotton and Woollen factories. es..............23 .23S |
Wood workers, saw mills etc.......,.....3'12 |
These figures are part of the data embraced in |
the Office registry. This agencys experience, |
in all its dversities so intelligently recorded,
affords an excellent index to the insurable char
acter of Philadelphia specials. Its tests have
suggested some notifications on the fore-cited |
grouping of risks for future practice. The Royal
holds the key of the situation. 1t is as strong |
in the knowledge undor which it acts as in its |
resources, and as a security is of great, we might
almost say VITAL moment to the industrial enter
prises of the city.-From the October number of
tie american Exchange and ReUielo