The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1869-02-11
Important Transaction IN Tnsnranca

We learn that the Travellers Insurance Co.,
OF Hartford, Conn.,, through the Manager oil
their Western Department, General Julius
White, have concluded negotiations with the
ProVldent Life Insurance and Investment
Company OF this city, by which all the out
standing accident policies of the latter have
been assumed by the Travellers
Inc arrangement also embraces the relin-
quishmennt by the Provident to the Railway
Passenger 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 Pas
sengers' Assurance Companies, are under the
Presidency of James G.. PATTERSON, ESQ, of
Hartford, who was the originator of accident
insurance in the United States, and who, by
reason OF his eminent ability in the science of
life insurance, was recently elected President
of the National Chamber of Life Insurance.
Under such management heightened, lbe-
raj and expanded view of the relations of the
insurer and insured, may be expected.
Accident insurance is a necessity the peO-
pie cannot afford to be without. It's magn-
tude and Importance, in a business point of
view, andits benefit to policy holders, may
be gathered from the fact that, during its
comparatively brief history, embracing pc
Rod OF less than five years, the Travellers In
surance Company of Hartford, Conn, has is
sued one hundred and fifty Thousand accident
policies, and has paid more ian ten thousand
claims for injuries fatal or non-fatal, thus dis
bursting to its policy holders nearly nine hUn-
dred thousand dollars, comforting upon tho in
sured larger benefit than any other cOmpa-
ny has ever done in the same period of lis EiS-
tory,
Take single instance Of its value. The
risk OF murder affords an appreciable percent
age of the hazards to which every one is ex-
posed constantly. No less sum than thirty
six thousand dollars has been paid by this
company, under accident policies, for persons
who have been murdered The case of Mr..
Charles NJ. Rogers is the most recent and per-
haps the most striking. A respectable gen
tleman about sixty years of age, while quiet
ly sweeping the snow from his own door-stepS,
in East Twelfth Street, New York city, on the
morning of December 31st, is confronted by
an unknown ruffian and fatally stabbed,
Three days later he dies When Mr.. Rogers
paid the Travellers a premium of fifty dollars
for years insurance of $40, 900, there was
probably no one hazard against which he con
sdered himself more secure than that of be-
ing murdured.
! During the year 1868, the Travellers issued
over thirty thousand accident policies, and
upwards of two thousand five hundred life
policies. It also paid $3.50, 600 for losses by
death or injury, which fact shows that its
policy holders receive the largest benefits, one
half Of which is paid them in indemnity while
li0ing. The company's assets now amount to
over 81 $50, 000. The ample security, and the
valuable insurance granted for so small a pre-
MUM, makes it unquestionably the most de-
srable 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 been known in the histo
ry of insurance, before. 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. Loss
es in this department arc 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.
Chicago Journal
L G. MERRILL, Agent. Kenosha, Wis