Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-03-14
FIRE INSURANCE.
The Equitable Fire Insurance Com.
Pany Of Nashville.


Pany Of Nashville.
In July, 1871, Fire Insurance COmpa-
ny was organized in this city that has since
exerted decided influence in insurance
circles, not Of this city and State only, but
Of many Of tie States Of the Union Its
business is more general in its character
than is that Of any other Of our Insurance
Companies, and its management has been
Of a character that could not fail TO reflect
credit upon the city selected as its birthplace
and permanent headquarters.
The Equitable Fire Insurance Company
Of Nashville was organized with an author
lied capital OfOne million dollars, Of which
20 per cent. has been paid in, thus making
paid capital Of $4,000, which is invest
ed in stocks and bonds, L. S. bonds pre-
dominating. The business Of the Com
pany extends over eighteen States, from
Rhode Island and Massachusetts, on the
East to Colorado on the West. Illinois,
Iowa, Nebraska and Missouri have present.
ed field Of operations that has been largely
cultivated, and the same viii hold true Of
the Southern States, from Texas to the
CarOlinas. Local agencies have been and
are being established in many Of the prom
inent cities and towns Of the States alluded
10, and the business Of the Company thus
becomes very comprehensive in its nature
and also in its working details.
The stock Of the Equitable Fire In
surance Company Of Nashville is largely
held by residents Ofthis city and State, and
has proved remUnerative to its stOckhOld-
ers, the dividends made by the company
now amounting to S5S,397. From premi-
ums the company has received S3l7.245,
and it has paid losses amounting to S126,-
OS4. Over one hundred and TWENTY-FIVE
thousand dollars saved from total loss to
the business world in less than four years
is an item that is well worth considering,
and the statement that We herein make Of
the assets and liabilities Of the company
should Of itself BE- prevailing argument
TO property owners everywhere who wish
to be assured that their confidence and the
money expended in premiums is we'll
placed and well invested, as a feeling Of
absolute security and confidence is neces-
sarily the basis Of all insurance tranSae-
tons.
The officers Of the Equitable are: W. W.
Berry, President, A. G. Adams, Vice Pres
ident and VIM. A. Webb Secretary, Messrs.
Berry and Webb having filed their res
pOnsible positions ever since the Company
was organized. The Nashville Directors
are w. W. Berry, firm Of Berry, Demogille
& Co.; r. II. Gardner, late Of Gardner,
Buckner & Co.; Dempsey Weaver, Trustee
Of the Planters Bank; j. E. Gilbert, Of
Gilbert, Parkes & Co; r. G. Adams, Of
Adams, Throne & Co.; ThOs. D. Fife, Of
Evans, Fife, Porter & Co.; VIM. Phillips, Of
Phillips, jackson s. Co; E. S. Rhea, Of
Rhea, Smith & Co.; JnO. f. Wheeless, Of
McAllister & Wheeless; James A. Meal
lister, of McAllister & Co.; Saml. COwan,
of Cowan & Co.; J. B. O'Bryan, Of O'Bryans
& Washington.
The New York Board of Reference is
Hoyt, Sprsgue x Co., 1O7 Franklin street;
W. /. Strong x Co, "a Leonard street;
Chapman, Smith & BrittOn, 20 Worth street;
Woodward, Lawrence & Co., $40 Broadway;
Thomas Eakin & Co., 80 Nassau street;
Woodward & Stillman, 20 Wall street; r.
N. Waters q Co., So Broad street; VIII
liams, Barnie & Co, 60 Beaver street; II.
Hentz & Co., 3 Hanover street; RObt. Moore
& Co, 1l3 Pearl street.
The statement Of the cOmpany's assets
and Liabilities on the first Of January, 1875,
was as follows:
subscribed capital. 10000
d..