The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-10-10
THE EFFECT on THE INSURANCE COMPA.
MES.

The Chicago connagratton was OF course the topic
Of greatest interest to the insurance companies Of
this city yesterday Very few companies. indeed. in
this city VIII escape scot ree, for, while many OF
them have no agencies in chicago they do insure
against IRE through business houses here who have
branches in Chicago. And such is the network OF
business interests between this city and the rest
OF the Union that very considerable amount
Of fire insurance business is done in this
way by New York companies. Hence Q
great many companies Will sustain small losses,
while few Will to bear the great weight. The
HERALD reporter yesterday visited the principal
insurance ofices on Broadway and especially those
which maintain agencies In Chicago. The informa-
ton obtained was very limited indeed, compared
with the anxiety OF the public to know the result Of
the and OF the companies themselves to
tain how they stand. There was contin ual stream
OF visitors into those olces all day long. Stock.
holders came to inquire as to the
PROBABILITIES OF THEIR DIVIDENDS
and directors from various companies went to SYM
pathize with their neighbors, and to receive SYM
patty. and TO compare notes generally. Some Of
them wore rather long faces and s'looked blue"
There was scarcely any business done by any Of
them, so wholly occupied were the officers, and the
public seeking for the latest news None OF them
had Information later or more definite than that
which the evening papers published, and they
cutched with as much avidty at the current rumors
as the outside public did. More information
could be obtained IN the form of prob
ability anu guess work rom 0utsiders than rom
the insurance officials. The companies mere that
likely TO sustain the heaviest losses are the Lon.
don and Liverpool, Globe, Astor, American, Hart.
ford, Of Hartford, Conn; Home, Security, North
American, OF Hartford, Conn. International Lamar
Lorlllard, Hanover, PhGnix, OF Brooklyn, and some
few others. These and many others were visited
yesterday by the HERALD reporters with the result
given below. Late in the day Messrs ]. H.
a c. M. Goodseil, OF 15o Broadway, prepared ny
sheet containing tine list Of New York and other
companies having agencies in or doing business
with Chicago, together with their cash capital and
total assets-an interesting piece Of information at
this juncture.
Beginning with
THE INTERNATIONAL INSURANCE COMPANY,
No. III Broadway, whose loss was reported on the
street at $l,500000 the HERALD, reporter inquired
OF the onicers how they stood. They could not tell
the elegraphs we're down; they knew nothing
save Dy the press reports, and, In fact,
they did not wish to say anything
at all. The reporter inumated that their
losses were said outside 70 amount TO and half
Millions The secretarys eyes frightened up at this
announcement ana he promptly replied, Nothing
OF the kind sir. nothing Of the kind. Our entire
risks In Chicago do not reach one million dollars
and they are scattered all the city. Out utmost
loss VIII probably not exceed s2soooo or ssoo 900.
We have an agency there however and can't tell
with any degree Of certainty FOR q couple Of days
what our losses win amount tor
THE LONDON 1ND LIVERPOOL AND GLOBE INsrR-
were In Just the same position Their losses are re.
ported 10 reach million and half also, but they
ara without any definite or reliable informasson