, 1875-03-15

Jb The Ed Tor qf The Chttaao Tri5pr:
OfFtcE or THE MERCANTILE 1HBUnAECE Cox.
yAsY, CHICAGO, MurclI 19.-Thcte appeared In
this mornings Times an er,icle purportins to
slvo the result Of 40 interview between Times
1oporler and Nebraska official. calculated 10
place the Mercantile In false light. We desire
to mike brlef s.asca,ont OF facts:
In conformity with law tue Mercantile. On
JAM !, nsdo statement of its conl!tio', ana Of
tho busincss Of tue procediug year, to zach State
who're 1t was doing business. The Insurance
Law Of each State provides TINT tho Commits
aloner may, At bis pleasure, examine apy conf
pAny doing business In his State. The Auditor
of Nebraska notified The Company that ha Uisl-
Cd to make oil examination Of its secnr1tios, to
which respectful anuwcr Hss made.
requesting him to do no At ouce.
March James Sweet, an insurance a9ent from
Netrasls City, callod with comm'shlon rem rom
Auditor Weston to make MI examination. as tho
completion Of which hc stated to tho President
end somo Of tho Directors, that ha HaH pleased
with tho condition OF tho Company. and loft our
o!hce with ezpsessous OF confluence and WORDS
Of approval upon his lips.
Tbs Affairs Of tho Company are. and have heen,
conducted iu au houent and honorable manner.
Isb organization ia on sound basss. 1ta loans
arc made on property lot which the Company
hayo abstracta Or certificates Of tltle) worth
from 80 to 800 per cant more than the nmountu
loaned thoteon The notes draw interest At tbs
ratio Of 8 aud 10 per cent, payable annually.
In tho rcferouce to "lncome And clear pro1tB,"
tho necessary o1penses OF the busness nro
ignored. No company ever came out OF its tltot
year, without Impairment ~ Regards policy
holders, after providing for and deductinR An
amonnt necessary faf REINSURANCE reseEve,
which requires aI amount oquai to ~ per cent
force. Wo congratulate the Mercantile TINT,
after making the reinsurance provision. itn I'M
palruent was 10 Slight The Company bus
pasGed An examination by several States, ln-
II has rAid ta losnes and all liAh!lltlce prompt
1y, and will continue to do 90. We beliose tho
i've Chicago companies now dolug busiasss arc
sound and rellaue.
design, on tie psrt Of sonlo person or pesaons.
10 do G1sovoua wrong. aud We denounco the
mAteriul statements therein made ~ absolutely
false AM! groaa!y hbolo,1o:. We so not swim
dIers. We hAyo not bauded oureelyes together
for the purpose OF 1ohbiug tho community. We
do not W1Hh to sh!Ek ono iota Of Just responst-
billy. And siten wo fail to meet such Just re-
!ponbibility, in II. fullest and largest measure.
then let us 10 held qp to the gleatest e11ons Of
out to 1B in unstiusea tnuasnrc.
W. will ask NJ fAyurs. Wo will plead no Of
emp;lon. We cordially ins;te e,sry one inter q
nurauco COMPANY" to mass q thorough oxau,-
tuation Of ita AFFAIRS, aud will Afford eyasy IA
city tor such examination.
Aid no hereby. Jointly aud Bs1era1ly, guaran-
~ to Auditor Weston. Oh behalf Of every c,ti-
zun of Neb,askA Who Is q policy.ho Iii naid
Company TINT any loss which such policy-hoil-
ar may sustain shall be promptly adjusted, and
whatever amount bo found justly duo shall ba
paid, without delay. to the utttermoss farthtng.
W. II. BnuwN,
j. II. W. JoNys.
FRANKLIN HATHAWAY,
W. y. hancock,
D. L. 1iauau,
8. AMAIDsoS,
t.recters OF tbs Mercantile Insurance Cas7paus,