The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-10-11


The Insurance Companies Tending Their
Backs TO the Rurden--pr0bnble Loss,
312,550,OOO.
The readiness with which such companies as
have had no outstanding risks in Chicago, or
having had are amply able to pay all losses, an
Bwered the inquiries OF the reporters yesterday,
shows that they fully alive to the situation, and
recognize that the public ought to know just how
they stand. The Arctic and some others had CARDS
promptly prepared, with the significant heading,
'.No RISKS In Chicago" In bold letters Every COM
pany OF any prominence which expects to continue
IN business, has published or prepared card setting
forth Its liabilities and assets.
THE SECURITY COMPANY
were as busy as bees yesterday examining books
and policies to ascertain their standing. They had
not heard from Chicago but expected to hear this
morning. They will have statement of their con-
nition prepared detail early to-day. Their losses
will be very heavy, and unless the stockholders put
their hands deep In their pockets the Security Will
have to wind up its accounts and close It's doors.
IL was not doing any business yesterday, but its
clerks were nard at work examining maps and
answering questions Its loss Is estimated on the
street at s1,5oooOo, but the probability that 1t
will be much more. The capital OF the company Is
$1,000 GOO, and the assets sl,93G,6s7. II the loss
should be less, or even up to this sum, the Security
may continue business as usual.
THE HOME INSURANCE COMPANY
were extremely reticent or had nothing to report.
They had not heard from Chicago. but expected to
hear to-day. Their agent was here when the fire
broke out, and as they have policies renewing and
expiring to the value or Sloocoo DAY, 1t is utterly
impossible for them to say how much they will lose
II Will probably be over a million dollars. On the
street 1t was reported that their losses would amount
TO more than four millions Of dollars. This estimate
was, however considered by some Insurance men
~ ex0rDitant, but they were ready to "guess that
they would not take the risks for million and o
hafn 1t was believed that the stockholders OF the
Rome would pay the Chicago losses and keep their
cap,tal and assets intact Its assets and surplus In
July amounted 10 81, 669, 1926.
THE INTERNATIONAL
sent It's president, Mr. W. Savage, out yesterday,
but mad received no intelligence whatever from the
scene Of the disaster 1t has assets OF 0S3 and
liabilities, on July 1871, OF $685. This big fire
lars OF It's surplus OF S7Sl643 but Will not materially
anect Its business or standing In the community.
THE CONTINENTAL.
without any positive Information on the subject,
but estimating literally from map OF the burned
lions but they have half a million capital and about
one million eight hundred thousand dollars assets
above all Liabilities They are taxing risks and doing
these losses shall AFFECT them.
THE NIAGARA INSURANCE COMPANY
the Germania, tue Hanover and the Republic 40
their outside business as stock company through
the Underwriters Agency, and as each shares the
cateloss Will not amount TO 100000, or $4,000
each. This is the utmost limit and IL may not
reach three .fourths OF million The Niagara has q
surplus OF 100000 so that It's share OF the burden
will not AFFECT It's business at all. The Germania Is
even better Of, since It's surplus IS reported at
$l,ll5,O00 The Republic after paying It's loss, Will
have surplus OF over 100000, ana the Hanover
little peter on.
THE MHRCHANTs INSURANCE COMPANY,
OF 149 Broadway which has been confounded with
companies belonging TO other cities bearing SINH
lar name, reports that Its loss In any event can
reach only $4,000, which 1t holds In i've policies
Its gross assets, made up yesterday, amount 10
$463, S64 and Its cash capital and oil unpaid losses
TO date $23, AGO. which leaves 1t with surplus OF
S232, 4i4 enough to satisfy its modest ambition.
THE ATLANTIC COMPANY
has ascertatned that lis losses viii amount 10 one
hundred or QUO hundred and nifty thousand dollars.
The Einas officers would not give any Information
whatever, because, as they allegc Rarbled reports
have been published about them. Their loss was
sand dollars IN, American Insurance Company
tcegraphed, but could not get an answer, and last
evening MI. Howe went out to survey the scene for
himself lie company has no agencies In Chicago,
anu its loss, n any, Will be comparatively small.
assets are valued NJ ,00S 1856 anu It's cash capi-
al $4,000, 80 That II Is amply able to meet all
e ssan ms The Lamar Company mad telcgrapcd
n, "aetner thcr message got through or not. They
NJ 0 20 mucn IN the dark yesterday rs anybody.
snc SioDe nave issued card announcing that they
, mvs insufe IN Chicago and hence have not sus
s,n no 'vss ~ the 1re there The Exchange In
s sn,a company have only $4,000 insurance In
Ohicago winch they viii lose.
-. ..axs TIE LEvOx COMPANY
nave nchf0 mat their loss amo,nts ~ xos ooo hnt IL
VIII not AFFECT their business here Tie Tradcsmen's
.SVDVShy 'oSo $%o'oVO-thelr entire TIsks-but lhey