The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1876-04-13
The American Insurance Co. of Chi


The American of Chicago has been mucl,
| slandered Of late. Let us see why. Has il
ever failed to meet its obligations-to pay
every loss maturing against it? No; that IS
not clrimed by its bitterest enemies. Are
| its officers or stockholders unreliable busi-
ness men, or Of inferior moral standard The
mention of their names disproves that. No
one has dared to impugn such men as Hon,
II. n. Hubbard, Hon. J. NJ. Bailey, Hon. w.
II. Bradley, H. L. Culver, L. L. Mum. VIM.
Il. Ovington, Nicholas kransz, NJ. A. Hoyne,
R. B. Currier, D. A. Knowlton, Jr., and Chas.'
L. Currier. Yet these are the men to whom
the Americans interests are intrusted
| cash income of $8l7 900 and the 40, O0O, 600 OF
insurance written last year, and its $500, GOO
cash assets, together with it's 50, 600 900 of in
stallment notes, are sufficient denials OF
that. What then is the matter? Success
Merit! These are what draw the enemies
! fire. Perhaps the reader of this has received
or had shown him by some rival agent one Of
the numerous circulars which are be-
ing SO industriously distributed over the
country. 1tso, let him probe the motive OF
the source from whence it came The insur-
ance commissioners Of four different States
have just done this, and after searching
official examination of the Americans plan
to the same conclusion. In closing his pub
lished report, the Hon. W. D. Hill, Super
intendent of Insurance Tor Ohio, SAYS: cit is
| "my opinion that the American Insurance
Company of Chicago is as safe and sound
Financially as other insurance companies
"possessed Of the same amount OF
"capital and assets" The same results were
reached by Col. c. p Ellerbe, Attorney, and
Hon. A. Harvey, the eminent Actuary both Of
| whom represented the State of Missouri in
| its official examination of the Americans
standing; Also by ex-Auditor Cattell for
Iowa, and Mr.. Kellogg, Actuary of the ILL
nois Department.. These men declared that
they knew, for they. went to the Company s
office and saw for themselves. Are not the
results found by them, after days of personal
examination, trustworthy, and to he accepted,
instead Of misrepresentation INDUCED in by
business rivals for mercenary and selfish pur-
poses? The American does business only in
eight Of the Western States, and insures no
business property whatever, confding its
/ risks to detached dwellings,, school houses
panies in the United States whose business
equals the Americans, and these write heavy
| lines in large cities throughout the Union.
| Of course their agents fight the American
It's their bread and butter to do so. The
American is getting the cream of the non
! hazardous business. It will take no other
It knows how to get it. too; for in 1871 its cash
reached the splendid proportions of 1917, 424
1t shapes its business to the needs OF it's
| members in writing five years. policies and
| collecting in cash only one years. premium
taking installment notes payable in one, two.
three and four years for the balance In con.
clusion, the American is old in years, pros
porous in business, strong in reputation and
money, and what is better than all, prudently
and honestly managed by experienced, sue.
cessful business men with unsullied reputa.
| tons for integrity and moral worth.