American citizen. [volume] (Canton, Miss.) 1864-1890, 1876-04-22
THE AMERICAN INSURANCE CO.
OF CHICAGO.

The American of Chicago has been much
slandered of late. Let US see why. Has it
every loss maturing against It! No: that is
not claimed by its bttterest enemies. Are
its officers or stockholders unreliable bust
ness men, or ofinferior moral standard? The
mention of their names disprOves that. No
II. N. Hubbard, Hon. J NJ. Bailey, Hon. w.
H. Bradley, H. z. Culver, L. L. Mum, VIM.
II. Ovington, Nicholas Kransz, NJ. A. Hoyne,
R: B. Currier, D. A; Knewlton, Jr., and
to whom the Americans interests are in
trusted. Does it lack enterprise or stability
Its cash income of $S17 600 and the $40,
10000 of insurance written last year,
and its 1905, 900 cash assets, together
with its g., 600 600 Of installment 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
lars which are being SO industriously dis
tributed over the country. If so, let him
probe the motive of the source from whence
1t came. The insurance commissioners of
and after searching official examination of
the Americans plan of business, its assets
and liabilities, all came to the same conclu-
sion. In closing his published report, the
Hon. W. D: Hill, Superintendent of 1nsur-
ance for Ohio, says: at is my opinion
"that the American Insurance Company
"of Chicago is safe and sound fnan-
"cially 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 Illinois Department. These men
declared what they knew, for they went
to the Coms any's office and saw for them
selves Are not the results found by them,
after days of personal examination, trust
worthy, and to be accepted, instead of mis-
representations INDUCED In by business
The American does business only in eight of
the Western States, and insures no business
property whatever, combining Its risks
to detached dwellings, school-houses
and churches; yet there are only
six companies in the United States
whose business equals the Americans, and
these write heavy lines in large cities through
out the Union. OF course their agents fight
the American. It's their bread aid butter to
do so. The American is getting the cream OF
the non hazardous business. 1t will take no
other 1t knows how to get it, too; for in 1871
its cash income was only 1898 ,672, while in
1878 it reached the splendid proportions of
SS17 424. 1t shapes its business to the needs
of its members in writing five years policies
and collecting in cash only one years pre-
MUM, taking installmcnt notes payable in
one, two, three and four years for the balance.
In conclusion, the American is old In years,
prosperous in business, strong in reputation
and money, and what is better than all, pru-
IDENTIFY and honestly managed by experienced,
successful business men with unsullied
regulations for integrity and moral worth.