, 1875-06-23

What It Requires to Render Insurers
Absolutely Secure.
Tile Men and the 3fcnns-..A Review Of The
= Plan aud Growtl, of tllo Company.
Facts, Figures, Statistics, and Comparisons
that Will Challenge Admiration.


When an enterprise ID 10 wise!y instituted, 90
ably managed. aud 80 entirely successful, a. to
excite eren unpartlciphdng and unprofassonal
people to expEcss their admiration, It becomes
tnattor of public interest aud Importance to in
quire Al 10 its morits and method Of conduct.
And tho of1ce Of journals, 10 which tue public
look for information, and upon ~hoss statements
she people have learned to ro!y, IL to ondoavo.
to adequately aot forth tho facts and pointa In
vo!sed in the above considerations. To this end,
shan. 1t has become tic pleasant task OF Tuk
TRIBUNE 10 lay before its readers : eketch.
though hriof. Of tho American Insurance Com
pany Of Chicago, and the gentlemen whose
euperrizson. intelligence, and Ingenuity havo
placed the Company in its present epriAbie con-
dltion.
THE AMKnlcAx INSURANCE COMPANY
dates from 1859. and for the flra. ten yeare
Of its career confined Its oposstious entirely to
tho State OF Illinois. Very early In its history
tue peculiar 1ncrlss Of the ssylo Of its conduct
becan.o apparcnt, aud tho wisdom Of the plan
upon Which she Company was formed wsa proven
by the esteem II bad gained among insu-ers In
tha cIaHses sc which lta operations wesc c.*,-
,lued, aud II became necessary to make head
quattors It Chicago. that tic facilities OF city
for doing buAnesa might bo enjoyed. In 1869
It's Geld was extended to Ohio. Indiana, Mich
igau. Wisconsin, lows and Missouri, aud in 1874
10 Minnesota. To attend 10 It's present business
In those States 1t has ovcs 2,u00 agents u lie
told.
ITS ADMIRABLE rLAH.
1he transactions 0f this Company are confned
to tho INSURANCE Of dwelliug.houscs, priute
barnB and their contoots, and farm property
generally. to which are added churches nd
achool.houseA. Those are divided into ex,t
clasBee. according - thoy are In vihgea or n
mote aud isolated, and with rofereuce to ther
14ate'ta!, VhctheF brick or 8tone, or wood, hnt
the records they keep specify accurately and ii
detail sLn receipts. num6eEd. Iossos aud othn.
statistical Ed useful Information CONCERNING
oach clAAs, W Fears, localities, and vaIues The
tho capable ot,icess Of this Company, introduced
n 1865 and ID known ~ tie - Instaltns1t
f!an.' Tie features aud reciprocal advantages
uF this plan TO 10th tnsuretH and insured car ba
malo readily sppascut.
THESE ADVANTAGES
eonslst IN the perfect immunity aud control en-
toSe1 by the Company. aud this absolute security
Guaranteed to and trEaiug e1penBo Incurred By
Tue insared, taeir rs,nsuts belngxo regulated
Hlle! compared with tho oxactions under other
systeina OF insurance. It must not DO suppos.d
that the American claims to DO cheap COMPANY,
-ita rates, while reasonable. arc charged win
N Intelligent comprehension Of lts risks. and Nd
insurance company can 1--we un1eaa its probah,l|.
ties OF lossos arc exceeded by its actual ro1ouue
80 carefully and accurately are these proport!ou-
ed IN tho case Of tue American (partly tho
result Ut their plan. and. partly 1esult-
ing from the Ei2fotmatson gained from their
e1tonsiye recorty} that calculations for indicated
mouths. mado year in ADVANCE, do not vary, iu
any particular OF receipts. losseB, or po1centages
to any considerable amount the rule being that
The variation does not exceed . per cent.
PAYaENr nY 1NsTALLMENTs
neass lightly on the policy holder. aud gives tho
Comrau! stable source nf income easlIy man.
lSs'allp'ent Plan. pdcy is lsau.d Tor i've yes.s M
the first years premium being paid 1t tho time
application for insurance is mada tho sarne
being but one.ftM Of tho wholo premium Tor tho
whole amount and tIno OF insurance. For tho
equal amounts II tho office Of tha
Company, ITO arat being mado due
one year from tho first day Of tho mosth III
due In two year, from the saule date; tho third
IN three yoArs. and the fourth III four yeass.
EACH fEAh8 INSURANCE
tn thus paid III advance OF tho assumption of the
arc not paid vhen due, tho policy lapaee aud 10
mains imperative until Burh payment is rnhds,
IN ahlch event it Ia seylyod and remains in force
Tho o1cellsucieA OF this plAn hardly need to bo
pointed ont for it can be comprehonIcd 1t
glance that by those means but a small amount
IA required from the .nsurer 1t ono tine-so
small an amount thu. Farmers do not hesitate to
inaura generaly: and the plan IL enttEe-
" safe for the ssockholdoss, ~ r1sks
a. the ssms tine. tho probabilities that tho poll
cy 80 lspsing will be revived arc much groatez
than tbs probabilities Of new policies oain9 taken
out under the old plan.
RATES AND CONDITION.
Tho Eates OF tho American are at once liberal
aud adequate, bs!ng 60 couts por annum Oh each
300 insured, on Farm and Detached Dwellings,
House Property, ETC.. aud Ono, per ceut
ner snnam on on Churcbos I aud School
tion to eafe insurance. tho IoWuess Of the pro-
ntous, and the energetic, comprehensive mau-
agsuent Of tue able o.icers. have consplred 10
put tho American in tho full front rank
paotes. Aud, pursuing this policy In tle
future, its solyeney ia 10 a4sprsd that
even we1o tho maximum, OF possible
Losses and the lo1sut Of possible vAlues Of it,
hardly be embarrassed mitch log. crippled. The
Company lad on hand, GU April Of shls year.
e.. 800; 900 lustallmsnt Noias aud S7go 900 Cash
Capital aud Cash Aasets, making Tor the Ayall.
able resources of tho Company \
GRAND TOTAL ~ o., tx. 600.
It has !n forco la2. 400 ptfIcies. Of which d.
C25 policsR vera tsauod during last year, being
m average OF l33 policiea ior every WORKING
Office Of tho American during tho yoas 1874. be-
Ing tho psoceeas realized On tho tuatal!maut
notea rocoiysl In prawoua years, amounted to
f532. $50 the cash collected by agents In
the ac!d during tho same year was e2o7.-
lao. adding, in pzorostlonsts amount to e, tho
tacelpta o! tl,a next four successive years. Those
figures alo suggestive They Aro significant OF
tho estimation 10 which tho Company IL bold BY
tho insurers to whom lts operations arc extend.
sd aud are the bost indication IN the world Of the
prudonco and foresight o! tho managers. Thesc
A.atiAtIce ara laid before tho public without A.
tesaton. exaggoratton. or concesltnent, for thev