The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1876-04-20
TElE AMERICAN INSURANCE co.
OF CHICAGO.

The American Of Chicago has been much
slandered of late. Let us see why. Has it
ever failed to meet its Obligations-to pay
every loss maturing against it? No: that is
not claimed by its bitterest enemies. Are
its officers or stockholders unreliable busi-
ness men, or ofinferio- moral Standard The
mention of their names disprovcs that. No
one has dared to impugn such men as Hon.
II. y. Hubbard, Hon.J NJ. Bailey, Hon. W.
II. Bradley, II. L. Culver, l.. j.. Mum, Vim.
II. Ovington, Nicholas Kransz, NJ. Il. Hoyne,
X. B. Currier, d. A. Knowlton, Jr., and
Chas. L. Currier. Yet these are the men
to whom the Americans interests are in
trusted. Does it lack enterprise or stability?
It's cash income of SSl7,00 and the S40,-
100000 of insurance written last year,
and its s905,000 cash assets, together
with its s., 000,0C0 of installment notes, are
sufficient denials of that. What then is the
matter: 5 cccsS 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 circu-
lars which are being SO indus triOusly dis
tributcd over the country. If so, let him
probe the motive of the source from whence
ii came. The insurance commissioners of
four different States have just done this,
and after a 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 Insur-
ance for Ohio, SAYS: at is my opinion
"that the American Insurance Company
"of Chicago is as safe and sound fnan-
I" cialy as other insurance companies
"possessed of the same amount of
"captal 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
-; in. IT, pfiiaia1 ayaniuotinn nf the
Americans standing. Also by eX-Auditor
CattelI for Iowa, and Mr.. Kellogg, Actuary
of the Illinois Department. These men
declared what they knew, for they went
to the Company'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 indulged in by business
rivals for mercenary and selfish purposes
The American does business only in eight of
the Western States, and insures no business
property whatever, continuing 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 and butter to
do so. The Americans getting the cream of
the nOn-haZardOus business. Ii will take no
other. Il knows how to get it, too; for in 1871
its cash income was only S23S,612, while in
1875 it reached the splendid proportions Of
SSH ,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 installment notes payable in
one, two. three and four years for the balance.
In conclusion, the American is old in years,
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.