, 1875-01-10
THE kNlCkERB0ckER.
What Is Known Of a Remark
able Insurance Com
pany.
How 1t Has Managed to Keep
Clear Of Paying Its
Debts.
It's Experiences in the Bank
rupt and Other Courts.
Judge Fuiler's Statements to The
auditor and in His Bills.
How Did His Suit for $780,
600 Come to Be Sup
pressed.
Buying OFF Obstinate Creditors
When They Got Too
Far.
The kssets Of tic Concern as Report
cd 10 Tbs huditoT.
How Did His Suit for $780,
600 Come to Be Sup
pressed.
Buying OFF Obstinate Creditors
When They Got Too
Far.


It has been tho daty Of TuE TRIBUNE from
time to time to show tue nollowness Of several OF
Chicago's pet institutions. Iii now right to sho"
the, more than doubtful character OF another.
Chicago seems to bave been the..paradise Of fire.
insurance companies, which grew up like much
rooms, finding no difficulty in aourishlng IN
prosperity, bat 1iich, when the fire came, van
ished with the sm1ke Of that confederation One
only, the Republic, might and would have stood,
had it net unfortunately been forced into bank
ruptcr after having provided in good part for its
liabilities Tho Garden City has had elevators
whose bins, supposed to be full, were roof
cd over with layer OF grain; rail-
-cads which, when their. debts grew
,,.1a.cnso.nc. cased their an1ieties and
slled their Golfers by creating soma ghost
pf q road, with new name, and poeketng the
proceeds from the sale Ct it's bonds; city Off
-ers who 81 borrowed" the contents Of the vaults
thcy we're appointed to gua1d National Banks
which shut their doors in q crisis, And renamed
idle for zlmoe. xe3rs witlio7t making an effort
to settle their liabilities or dsgorge their hlkept
deposits and savings banks which, living with
a shell of respect2sility, allowed scientifically
disposed officers to lecture 1eaEnedly On the
dlatomacen OF Lake Michigan. and when their
peculiar systems Of '0ccan accounts and back
charges we're discovered, betook themselves to
more genial cli1Ees, to coguetto with the coy
trout. WOO lhe Ewift Galnon. or dis
cover sone new similarity between them
the tirny tr1bc,-lle cells Among the Insurance.
cona,>p ;cs, also. there has been hfe-,nsuI-
ence n1apy which managed to support its
officers III two OF tlree yeA1s, but, exhausted bT
tie excessive burden, died intestate, leaving q
luu,.e OF papers.-unpaid bills,-a bottle Of ink
aud pcnholacr to its heirs-at-law, and in
enaucery: b fire insurance company whose phil
anthropic officers. who divided their time be-
tween their duties to the company and to bank
in Which they happened to be interested, and
..refuliy inclined tbs balance OF trade to the
side where 1t would do the mcst good. until some
p1s1nr lawyers actually compelled them to dis
gorge IN favor OF . few thousands OF needy
pollcy1olders Of the Insurance company.
It Is Low the time to show what has been par
Eally and by piecemenl done before, the condi-
ton of fre-insuraDce company. which Organ
lied apparently without stockholders, run By an
e1-Judse, without stock, agents, or prest1ge, yet
claims to nave sustained loss OF nearly or quite
81 cor. .00Q. with no assets to meet This liability.
TIE KS1CKERDocKER INSURANCE COMPANY
Of Chicago, WAS incorporated Feb. Is. 1865. under
special charter, which was made perpetual 1t
had power to purchase. hold, or convey any es.
tate, real or personal, for the uss of
or er' ms1ine % risks. ~ The capital stock
Was flxed 1T s50n000, Of which it Was necessary
10 par in 10 per cent at first. Tho assets OF the
Company could be invested IN bond and mort
gage or other approved collateral securities, as
the Directors might elect, and # hen Sl00, ,000 OF
stock had been subscribed the Company was to
be considered organized. Henry Fuller, Ed
ward l. Clark. Henry II. Blake (son-in-lAw OF
Funer), and George " Fuller (son OF Henry
Fuller), were the original corpo,atots, and by
the charter they constituted the first Board OF
Directors, holding Office until January following.
when it WIS provided that 3 new Board. Of not
lese than three or more than TWENTY-FIVE NOM
bcrs, should be elected in their stead, each Di-
rector to be stakeholder
But. even with this most liberal charter. Fuller
and his relatives seem to hare lain still for ever
five years. until, Us he himself Gays in his an
sveF to suit in cl.aocerE, the Company
FIRST BEGAN 70 ISSUE ro11cIEs,
il Septc1nber, 1870. From TINT time until the
great f1e, in October, 1871, the Company, &c
coriins to it's own showing, did gigantic busl-
uess. as the sworn statement given below shows
outstanding risks Dec. 81, 1871, to the amount Of
1881, ,418. The following is
TIE STATEMENT IN FULL
ts made. 70 the Auditor Of State:
zs1cknnocxEn INSURANCE COMPANY.
Hen1z Fuller, F1esaaent i. h Dl=ks, Secretary.
Atnorn. Of eapita, s.ccf subscribed ssoo, ,ooo.oo
Amount o. capital a.ock paid mp N caah.. 4 00a0o
Amount Of cai iital stock subscribed.
Aaoaut not faid up in cash.. sos ooooo
Amount of cagh IN Office and deposited In
Amount due for premiums s-................ 25I.67
Losns bouds aud Mortgages. 10,030W
Interest soucd- but not DUE. ...... 4,733.s3
United S.ates stamps on band. lo-00
Stock notes. sk'asooV'u
Ouioc furniture ...*....-................. 215.85
Aggregate amount Of rzsets. ,12s7s
l1AMII11ES.
IN 1t s-rut