The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1876-04-19
The American Insurance Co. of Chicago.

1he american insurance 20. OF Chicago.
The American of Chicago has been much
ever failed to meet its obligations-to pay
every loses maturing against it No that IS
not claimed by it bitterest enemies. Are
its officers or stockholders unreliable business
men, or Of inferior moral Standard The
mention of their names disproves that. No
one mas dared to impugn such men as Hon.
Bradley, H: z. Culver, L. L. MUM, VIM II.
Ovington, Nicholas kransz, NJ. A. Hoyne,
Z. =. Currier, D. A. Knowlton. Jr., and Chas.
L. Currier. Yet these are the men to whom
the Americans interests are intrusted.
Does it lack enterprise or stability9 Its cash
income Of $8l7 900 and the $40, o0o, 900 of in
cash assets, together with it's s. 0oO, 900 of in
stallment notes. are sufficient denials of that.
What then il the matter? Success! Merit |!
These are what draws the enemies fire.
Perhaps the reader of this has received or had
shown him by some rival agent one Of the nu-
merogs circulars which are being so indus
triously distributed over the country. If so,
let him probe the motive OF the source from
whence it came. The insurance commission
ers OF four different States have just done this,
| and after searching official examination
| OF the Americans plan OF business, its assets
and liabilities, all came to the same conclusion.
In closing his published report, the Hon. w.
O..
says: 1t is my opinion that the American In
Insurance Company OF Chicago is as safe and
sound financially as other insurance COM
'panies 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
it's official examination Of the. Americana
standing. Also by ex-Auditor Cattell for
| Iowa, and MIR. Kellogg, Actuary of the Illi-
nois Department These men declared what
they knew, for they went to the Companys
office and saw for themselves. Are not the
results found by them, after days Of personal
examination, Trustworthy, and to be accepted,
instead OF misrepresentation INDUCED in by
business rivals tor mercenary and selfish pur-
poses? 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 COM
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. 1t will take no other
It knows how to get it, too; for in 1871 its cash
income was only s238, 672, while in 1876 it
reached the splendid proportions of 1917, 424
1t shapes it's 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
cessiul business men with unsulled reputa-
lions Tor integrity and moral worth.