Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1869-03-03
IMPORTANT TRANSACTION IN
INSURANCE.

we learn that the Travellers Insurance Com
pany, OF Hartford Conn, through the Manager
OF snelr Western Department, General julius
mite, have concluded negotiations with the
Provldent Life Insurance and Investment Com
pany OF this city, by which all the outstanding
accident policies of the latter have been assumed
by the Travelers
Inc arrangement also embraces the relin
qnlshment by the Proyident to the Railway
PASSENGERS Assurance Company, Of all their
business OF accident insurance by tickets here
tofore sold by them at the railway stations
Both the Travellers and the Railway Passsan.
gers Assurance Companies are under the Pres.
ldeney OF James G. PATTERSON, ESQ., of Hartford.
no was the originator of accident insurance in
the United State, and who, by reason of his
enlheat ability IN the science of life insurance
was recently elected President of the National
Chamber of Life Insurance Under such man
agement heightened, liberal and extended
view OF the relations of the Insurer and insured
may be expected
ACCIDENT Insurance is necessity the people
cannot afford to be without It's magnitude and
Importance, in business point of view, and it's
dement, to policy holders, may be gathered from
the fact that, during its comparatively brief his.
tory, embracing period of less than FIVE years,
the Travellers Insurance Company of Hartford
Conn, has issued one hundred and fifty thousand
accident policies, and has paid more than ten
thousand claims for injuries, fatal or nonfatal,
thus discussing to its policy holders ne: ry
n'rae hundred thousand dollars, comforting upon
the insured larger benefit than any other COM
pany has ever done in the same period of its
history
I Take g 81 ngle instance of its value. Therisk
OF murder affords an appreciable percentage of
the hazards to which every one is constantly
exposed. No less sum than thirty-six thou
sand dollars has been paid to this company,
under accident policies for persons who have
been murdered. The case of Mr.. Charles
NJ Rogers is the most recent, and perhaps the
| most striking. A. respectable gentleman about
sixty years of age, while quietly sweeping the
snow from his own door-steps, in East Twelfth
street, New York city, on the morning of De-
cember 3lst is confronted by an unknown
ruffian and fatally stabbed. Three days later
he dies. When Mr.. Rogers paid the Travellers
a premi UNI of fifty dollars, for years insur
ance of $4,000, there was probably no one
hazard against which he considered himself
more secure than that of being murdered.
During the year 1862 the Travellers issued
over thirty thousand accident policies and mp
wards oftwo thousand five hundred life policies
1t also paid S250,000 for losses by death or in
jury, which fact shows that its policy holders
are paid them in indemnity phile living The
Company's assets now amount to over 81, $50 :
600. The ample security, and the valuable in
surance granted for SO small premium, makes
it unquestonably the most desirable policy in
the world for it cannot be disputed that in
proportion to the premium paid, the benefits
conferred are incomparably larger than has ever
before been known in the history of insurance
The business of this company in the West has
been conducted for the past three years by
General Julius White manager of the western
branch Office. Losses in this department are
paid at the branch Office. Life policies are also
written here, thus preventing any delay in
sending East for approval of risks.
The business of the company organized with
/ so benevolent an intent is necessarily very
large and constantly upon the increase CHI
cago Journal.
In Watertown the Travellers is well known,
its policy holders having had occasion to cal
on the Company for the maturity of two Life
Policies, Farley B. Hyde, in April last 81 600
and the late lamentcd Rev. John W. Norris,
D. D., $4,000. 1t has also paid through its
efficient agent, Mr.. S. B. Fuller, seventeen ac-
cident claims at his agency, amounting to ov-
er $500. We are glad to learn from Mr.. Full.
Ter that their BUSINESSES rapidly increasing, be
being assisted by Capt. Peabody, of Waterloo,
and we recon- mend their policies of this popu-
lar company, which are on the CASH PL AN,
both stock and mutual, to discriminating
| public