, 1870-03-27
CAR

CARD.
Tho Mutual Security Company desires to SAY that
neither it, Directors officers hare ersonaf con-
trurc11ea to irtrude upon the public attention.
DIErga1dlne the Insulting erlttets contained in the
article srcn atoEc. with to make ptan 1eeitA Of
facts pertinent to tho atter In hand. far they
be Of general interest to business men.
Our for desiring to conduct our bu.ne=a Indie
pcadenty Of MI eIiaucs and combinations is that NC
have tried ths1n toou1 satisfaction.
Admitting that benefit might be derived frntn Tn
hone comtinahonfor the legitimate purpose Of obtai-
Ing ar rates Of tu1aocc. convinced that such
combination Is iupoesblc in the rsuecu: dcnoralzcd
condition Of tho Insurance business.
We not alonoin ttIs opinion. SeTsral Of the Tcf
bet Eastern and Testezn companies lave ucrcf becn
connected with tto nattonal or local boards Many
othe1z having jo!rc subsequently Withdrew in dissust
We Ind no dcs1 Of publishing Our action in this mat
ter until fount that the "UndcEW1itcrs' Assoda-
ton" had far progressed In it, organization that
e+e.Y fre ixssra.es19tnt aad s%ery Chicago cmpoay
turs tro, haJ GEIM the constitution and bY-laWa
These two co,upancs NCzc tho "CH1cA6o FIRE." aud
TEE Mutual SErCU1f. We could obta1n no satldscon
ftuna Tho "Chicagt Ffrr hut learned from mezsrs
Moore and Teal the committee, that tho Secretary Of
that company hM T.s1dsrd his word to unite,
Aupu1nGrE however for tho ~cooperation Of EyKnr
points which the Asociation Ind signicd ita willing.
ness To concedt-
II tho "Ar1CA1 Eccn11Y Aad s;saiaa7 il sri{,iaa
to unite at ahat iase tbs ehaa xos1d sass e%es ce..
rtete.
Such was The positou Of effairz when the uu.cr-
WEiteEc' Association held meeting, the I'd day Of
Mnrch inst and aitr much discussion, ad;o&r,7sd
azais Tia oetson Rf' TIE MUTUAL 6ECcRtT1 ISsun
AScE CoIPASf. vince Directors, it VIA. represented
would nacet On tho fdewng day.
This fact eyen tb editor q tho cAyoMtezs da7s
Al that meeting. Ii following gentlemen being prce-
cnt. Hon. VIM HEus, President: Me&zz7. MATTHEW
LA111S, ESos A11Ea A1E1. OEs1cu- MAIZE E7uaA11,
D. \. BrnsHaA. FAHI NonroS, J. FovSo SCAM
Nos, AnnA11A4 NOE, F. 7. SPENCER, E. D. NeCAGo,
JAMES G. HANHIpy,and Benz =. PAGE. the appended
resolution unaait ous{y adopted:
Gtso@eed 1Aa a. at7rsstn ods1sed this Boari
IA ~. % s. ssso s,y e*sa9se"s' Or ensa"9a'sn
Hw.s thought beatto publish this les: the Undcr.v
t11 Association Nigh claim that re had ENCOURAGED
them to rc9cct thcr E6arizaton. Had our motives
been hueh q arc imputd to BY the editor OF tho
cA7oHess, would aot hare waited at leszt until the
Association had promuSated tariff Of Enteaf
IFon the pubcadonf our letter, and not until then.
did tho four companies rhfch Claim to have refused
to Join tie 1ne. <but wfo had actually dgncd its by
iawsl Agutfy their uu1ftnsnesa to pzueeed.-8o tbs
the attempt 1nade to prt that the niu, Srcity COM
pany did not break up thl monopoly Ia "an imposl
tom
In regard to tho coutet between Ea.tcr. aud yo-al
companies VIC ucFe1 clAaed In the card rcted to that
there u ~drref CONTEXT bu nsed The following I'm
ssaSc: N Is ense betHcco eu.1panics representing
Sszy XAioas # EAs1InN Capital and single oompA-
NJ. FosaeHEn9 paid up eapftAf Of 0ns Head I'd am5
appeal to 1oal prcadtc to enlist tho sympathy Of
Chicago business 1ncn upon the sid OF HOME INSTI-
TUITION worthy in eEeEy Ecap It Of their confidence
and support" -
Tho ca,1~zet- 70 The cout5azy notwithstanding wo
raa.n tb~ above statement. and any Impartial tudso
I bc.z out in the assertion that he old "Boar Of
adeEwrttc1z, vel the proposed association were
,ue TIP In the interest Of EASTERN c0panIcs who had
,ortzpl Of tho "1ing" By largo majority Of vo.ca
VIC haye Epitc to rent upon EaAtetn compan14 hut
of claims 70 The paIonasn of Cheaso 9cFehant.
:. that We are HOME INSTITUTION, and haSc paid
,7cs aaared o.and oars for 1oses to citizens OF
his city.
Therc s4irit.d eoes eolas on between Ioeal and
E,stczu co1upauica aad every busine4a man who se
yn1ds the prosperity Of Chicago The Importance Of
1=rg good Chisaso Office lfore applying to these hail
ing from other cites-
AZ the CAromie1s Hrsscz4 reference to our balance
shccs have concluded to lay them before the public
il order that position taAF Be fliF understood
VIC Tvcrc connected with the Board OF Underwriter1
rom tts organization In 1855 until Marrh, 1s6a. The
GLOWING Il exhibit Of the co,np1uys business for
wo ycars. embracing the tenn Of it, connection with
he Board;
l. For Year Ending July l, 1867.
INCOME.
Premium ls7s7d
sEI5.n
Expenses Commissions ta1es. Ge.l. .&6,S8aS
okees paid. -&lae77l8
E1erfa OF outlay $la.:nQ
2. For Year Ending July /, 1858.
INCOME.
sc1uiUs1 s344aB
61aA
sA,e76l
OUTLAY. ]
sscnset teonimietons+ taxes, &c).- -Sa.ao0A
"stes 1a1a thone ,5lf.@aeasl7.B
REc.PiTULATIoX. ' '''-'''
p On ous.ness scas 'aa0o
ain year is6s-a. ..-....-...........,,,. eI149 |
Los1 on hs.incas for tHo seer1...........-.s .s63NM
In making his report to the Disectora July 1865 the
ecsftary kasa: "ghc company Withdrew from the |
oe9d oi Underwriters IN March, 19;a S1nce then tic
s'"ets Aos been steadily iH7ea.fns, the pa.t month
lo1ng more Eatiactoriy than auy preFjous one ence
c organization Of the company.
The Mutual Security. hnviug Withdrawn from the
ard. vas denounced By its recent a.socfatea a. =
Faldtat company. and it, speedy dissolution pre-
:ted. The following .horEs the result Of ono yca,ss
'ihess out Of the board during the greater part of
aich time the majority Of companies In Ctcssu Er,o
1ubezs Of the Ring"
5. For the Year Ending July l, 1869,
INCOME 4
cni"ln
seea =
........... ssa,ala1s
penscs commissions, taxes, ctc3. 81, ,Aas7
sses raid.
:ses uuadjpeted....... 6oaoo-s15 esa ses spR
cess OF Income. aas
ut as 1t may be said that The large eain Of the Last
Il 'vaa owing to high ratcs, &C., sution the reaut
'uEncsn. during Tho rss4ns year, G. psry zou raes
!: For 9 - Months, from July l, 1863,
March 26, 1870.
'ess senes 67ooo0
o,vr+Af, s4a,s57.1e AZ AZ
ss ,ssts5 tn
ee ouistandlng.--. $1,000 ~
sia,7Ass
enscs of every klnd.....-...... 1a0l7,6s-aa{s s,ao
let gain for 81 mouths,...,,. a17!sa,ss
ement Of Condition Of the Mutual
ectuity Insurance Company, on the re
5th day Of March, 1870, EXCLUD- su,
dG stock notes:st m5 f1f5f
CAPITAL AND SURPLUS. r.5
'rt Of capital stock paid up
15esaso tt
-s1s.z2se
ASSETS.
On bond and mortsasc a e9su0o G:E
II ID dcenanica' National Bsnk. lSD.6o r.m
IN nand--. aol1 -
at accrued, but not duc~.. saoonp
.tItt Ittahle-.---.-.........-.,. as4a.75
iee'cd : frcnisns-. aasa75
duo and stamps on Eand,., Don Al
her Eeeuritjrs nnd .,rnne-t,+ ERE
u tj-trrr, r. ~ FAofe4Ss | EuA
'0e''''"-''''.....-.- a,S3dbs Cou
]
fran.r1n,,e FL
iu,+.a TO-, 1Ate. Pate
h., 11eH-..+.'....--........8 5000 i=
e-'---..-..-..-..-...- Hh40
-3 1,106N | -~--~
OFFICERS.
H. 8R0S$, pxcsidcnt.