, 1874-11-08
INSURANCE..
General aspect Of the situa-
ton:


the Compact Of Withdrawal.
Additional Statistics Of Compa-
nics Now in the Field.
Tho situation OF matters relative to the gener-
al business and general interest Of insurance in
Chicago has been without material change for
several weeks,--the quiet condition which sue
ceeded tho grand disturbance felt on the with
drawal OF the larger body Of the National Board
Companies having continued up to the present
time withouta any perceptible interruption. Rumors
and conjectures Of q probable dissolution OF tue
compact Of suspension, occasloned BY tue fact
that 3 number OF companies constituting
power in tho National Board, we're known to be
engaged IN insurance in Chicago, with greater or
less publicity, notwithstanding the official con-
demnation Of the field, had recently obtained
general prevalence, and were very interesting to
that portion OF the community whose only sources
Of information are in rumor. During the week
preceding the last meeting Of the Board how
ever. which was held i'll New York, Thurs-
day last when, rs was well known,
Chicago would come up as 8
problem Tor solution, or at least Tor
1nE;cai -,oas . .s i; mt - ha ~ 1:son of
r11n,3r, became to cartain EXTENT cnrreot.
can.;ne sj,ohf agitation in insuranca crc1as- to
tie effect that, Geu- Shaler having accepted.
,ona ~ certain local refor1ns that would imnroye
tha situation in Ch,cae,, iHs nrobab1lities mieht
indicate decision il favor OF immediate re-
sumption The result OF the meeting, as pub
ncly announced yestelaaS, tnousn lo1AaG ~
Eas,oa ,a ~ w. arai ~. reannn.on E 1noat
~ tha cnmns,,ies tho improssion being that.
even upon : dissolution OF the compact Of With
drawal, the return to Chicago Will not be grand
1osn a !. r.r,. ,r,,1,,,,u -,
p;ii ha Communicated nnrnort,no tn viva without
disparaeeueut Of the many tirst-class companies
which had decided to Withdraw from the city, q
detailed statement OF some length, touching ne
.. aG.uA. - ~ .e"a,a~t., =,
CHICAGO staiistics. facts. figures. aud items
touching the HISTORY, the antecedents, the cspi-
tai, tile resources, sud present position before
ne community OF nomoee OF companies an stlll
aotus ousa .4lohs 10 +1a 40 cssa ia
not to eYnresa on;njon and Dreferance- or to ad-
vocate certain c1ssa of companies or q certain
thaov of ipsurxnce- bur to prssont facts and an
tecedenta which are mattar OF raco-i and OF his
to-v ~ to rive f;e1,res and statistics Of captal
and Securities as fhev .nnear mon the nubl1ahed
statements Of comnaniea believed to be in good
Tenute in the comn,.rcial circles Of the world
The items will in general be fund to be correct.
md ;nd;c.ta that "a st,l} have anon, M a ren-
eral system Of ,nsur.nce that is. for the most
nart. aound and solid honest. reliable. and per
manent and worthy Of tue confidence to DO re-
posed in the true principles OF the business.
TILE AGENCIES OF 3. H. soUruw1cK,
which have maintained the old and even tenor Of
their ways during tho period OF excitement, in
clude the Union Mutual (puraly stock) and the
Fame, of Philadelphia, and the Farmers and
Drovers', Of Louisville, hy. The first company.
organized in the days Of Washington aud Jeffer-
son and the rest OF our. RTeat-S:.::<tathers: has
the weight and strength Of q venerable ns1uo,
md rba n,ast;ce NJ over saYentv yesrs of exuer1-
o1oa ,nd ,;ator., ;nc1rd;nr aurb ;tama 40 tne
CLIO ANo A4,, ~ nco ooo
payment OF Slo.oooooo indemnify 10 poncy-
holdarB- The Fame has . record Of eighteen
years with carefully-1egulated, conservative
bnara.s -,it;c.t;on # ia sa;d he;no ontireIv
:. n1'
foreign 10 ns experience. 1ne fal"oFs ano
Droyers, though OF recent organization, has
paid-in capital OF $200, 900, aud il reported to
be- in high repute in insurance and financial
circles. Ir, 5outhw1c.. who established lis
nresent agency in April. 1873. has the reputation
Of a thoughtful, careful, and successful UNDER
writer, The business developed by the agency
would seem to Indicate great care OF great foresight
in distribution OF risks. and avoidance Of obiec-
tionaple and over-perilos districts, the losses in
the july tire. for Instance being limited to $500,
While tie aggregate losses Of eighteen months
hear M material Unconventional to buaineas and
p1o6ts.
THE A11EMAxN1A or P177sBrRo.
heretofore mentioned as an old company, whose
record would seem to indicate general ad-
herenco to the plan of avoiding special hazards in
all the great fields OF business, and OF cultivating
that class Of insurance which coutemplates per-
manent SUCCESS, and the integrity aud safety Of
insurance capital, still continues to write, as
usual. in the city. Figures and statistics ex-
hibited by the managers Of the Northwestern De-
partmcnt, Mesars. Hopkins J. Mcknight, 147 La
Salle street. Indicate the business Of this entire
denartrneut. during the past two years, to have
hccu 40 couducted "a to SECURE yory laree margin
Of profits in each Of the stateB respectively.
recent statement Of the Company indicates
pad-up CASH CAPITAL of 5000 600, with assets to the
amount of s48G. .864 .39. including a1lB. 900 cash
in bank. The record Of tile Company for prompt