, 1874-11-11

ProEroRs nRld management OF tho
8ustncsgs


Business.
Wo haVo boon permitted within tlo pass aa,
or two to c1am!no comparative statomen
made from the books Of the Traders' Insurance
Company, Of this city, which exhibits the very
gratifying progruBH that Company is milking
Tho gross Income for prouiums for tho month
Of Ootobor. 1884, arc q littlo over $62, 900.
The receipts for premiums (hro) In this city
aud ita suburbs for the month OF October thil
yoar wcra noarly $500 mcro than for the same
period last yoar, hnd got tho nmount covered, OF
at rlB is loss by 1co, 90 than for the month
Of October, 1873, -thns reducing the Company'a
liability on the ono hand, whilo INCREASING her
Income froa tho sa.no source on tho other,
Again, In tho matter Of commissions or brokerage
paid to obtain this business, saving Of 81 SOL 03
Tor tho month OF October nlono wns matle.
LosHcH Turing October In tho CITY, nouo Tie
average rate obtained on city business for tho
month OF Oolobor In 1879 was X nor cent.
While Tor tho samo month this year II !s 45-lO1
per CONT
of tile entiro city bus been nronarof, and avor.,
RISK, rs hoon ~ written ia entered thereon. thus
showing ut d glance the oxhot limo the Company
III carrying, not only In evcry bui]ilInr h,it II,
each block and each division OF tho oity. When
she maximum amount n block, or nnmber Of
I'D
applications for inBus anco therein arc tloclinod.
and from an examination OF tho map itsntf va
lecl warranted IN saying tl,at the Company in
using groht caution, and assuming modest lines
compared wish othor companies Of loss ettongth.
Dcsillos this, every risk written or secured in
tho city or suburbs ia first surveyed within aud
without by competent surveyor, who makes 4
written report thereof, and IL paid salary, and
IL therefore unbiased n his Judgment by pros
pectivo commissions. The aniouiIt Of Insurance
u1Insvn1 mn nrv otycp ri41r ia li,ntt ,3 y,
TnKEE-vouhTls THE ACTUAL VALUE.
and ii often much below that sum, tho Company
thus requiring tho assured to aaa1ne portion
Of hlH own risk.
cru apd foreign companies WHO do thoir business
In this or any other large city through agents
would require the game precautionary measures
to oo taken, they would have loas ca,lse tor com
plant Of frequent tiroa. large lines, oyor-insur-
ance. and other kindred abuaos which will
agont. In tho grcnt fro of JULY Ii, Wills
the Traders' sustained o loss Of only aGO, QUO,
Some Of the agency companies wlo make larsa
prctonsions to conservatism lost over douGie
that amount and heavily, too, in localities uhicL
tho Traders bud always avoided
IN THE AGENCY FIELD
the Traders Is meeting with succoBs equally a.
mnrkcl. For the month OF October, 1873, the
receipts from agencies (lyo) wero 918,59l63.
64xt3
have already boon reported, showing un increase
Of 49, 198. &c III receipts while tho xniount written.
OF covered, .foota up s348, ,o4G.07 less than tho
amount for tue sama timo laat year. The lossea
Tor oetohoF this year among tho agencios we're
merely nominal. boing loss than 81, ,Uu0 all told.
The Traders Losses in tho July fire in tho city
havo with tho exception of one email ono which,
awaits tho roturn TO tho city Of tho owner) all
bcen paid long ago. No claimant WAS asked to
wait an hour for his loss after formal proofs
faC md IL.
not ono word OF complaint las been heard. nei.
ther OF tho manner Ut adjusting nor amount re-
coived.
The stockholders Of the Traders have reociyod
their regular dividends quarterly during tho
year, anu, notwithstanding the heavy July frcg.
the buslucss for the your shows q profit IN to
tue proHont time equal to the most sanguino Ok
peotations, and ths stock commands premium
in the market.
IN TIE MAn1HK DEPARTMENT
tho aamo caro- and cnutiou are exercised. Small
amounts on cnrgoes alone aro talou, which must
pass the rigid inspection OF tho Company's Ma
rihe Manager as we'll ~ boar tho regular III
spector's certificate.
The ecaaou, up to the timo whom the recent
stortnB Bot iu aud mado it lively on the ,,usplt-
cd Beas," wus q Printable one and even during
tie clustering month Of October, and since, tho
loHHeH hRve not exceeded tho currout receipts,
and tho Company has net balance Of oYor
$3o,00o ahead OIL tho seasons business. by
tho most soaworthy crafts aAoat, tho Company
intends to 80 through with profit. Tho rcgu-
lar monthly etatoment OF tho financial condition
OF tas Company, which Is now being prepared,
shows
LARGE SURPLUS
over and hboYo all liabilities of eyery kind or
nature. AR ia we'll known, the Stockholders OF
the Traders originally put thoir entire capital OF
s500, 900 into Uuitod Statoa registered bonds,
and have, from time to time, invested tho accu-
mulatcd surplus earnings in Htochs and bonds
post at tho Fidelity Safety Depository in their
original purity.
From such facts. and from the statement ne
hnvo presented, takon from tho books OF the
Company, it certainly Reoms safe to advise our
readers to pntronize the TradorB' and to say that
they Will probaby nover have occasion to rpgret
it, al wo believe tho indemnity it offers Ia uu-
surpassed by any othor smlar institution in the
country. 1t is . mistake to HuppoBo that the
larger tho capital company las, tho snfer it is.
company, like an individual, may hare large au-
Aoss aud still hayo equally lurgo liabilities.
Patrons Of insurance companies Rhoulu alao look
we'll to
THE CHARACTER OF THE AssETs.
The Traders can convert their securities into
cuyretIoy ut klAy's notice aud easily rouIizo I
premium Oh thcm at my tmo.
Tho managers Of this Company invite tho most
rigid scrutlny and investigation into its affairs
aud wllo they are satisfied with tho Comuauy'n
progrea8 80 fur they feel TINT still creator results
eau he attained by q gradual extension of tlc1r
ascucics into other localities beside those the
Company has boon occupying. Their policies
arc eagerly sought after wherever they hayo
gone, md especially in the Eastern states, right
undcr tho shadow Of tho older institutions Of
TINT locality.