Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1876-04-19
THE AMERICAN INSURANCE co.
OF CHICAGO.

The American of Chicago has been much
slandercd 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 b;tterest enemies Are
its officers or stockholders unreliable bust
ness men, or ofinferior moral standard? The
mention of their names disproves that. No
one has dared to Iimp1gn such men as Hon.
H. n. Hubbard, Hon. ) M. Bailey, Hon. w.
II Bradley, II. Z. Culver l.. l.. Mum, Vim.
II. 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 in
trusted Does it lack enterprise or stability?
Its cash income of $4,000 and the S40,-
100000 of insurance written last year,
and its 100000 cash assets, together
with its 81, 0OO, 600 of installment notes, are
sufficient denials of that. What then is the
matter? SUGGEST 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 industriously dis
tributed over the country. II so, let him
probe the motive of the source from whence
1t came. The insurance commissioners 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 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 tinau-
"cially as other insurance companies
possessed of the same amount Of
"capital and assets T" The same results
were reached by Col. G. 2. 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
Cattcll for Iowa, and Mr.. Kellogg Actuary
of the Illinois Department. These men
declared what they knew, for they went
to the Companys 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
rivals for mcrcenary and selfish purposes
The American does business only in eight of
The Western States, and in ures no business
property whatever, conining 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 coursc their agents fight
the American. It's their bread and butter to
dose. The American is getting the cream OF
the non-hazardous busint s. 1t will take no
other. 1t knows how to 60 it, too; for in 1871
It's cash income was only S23S,Gi2, while in
1915 it reached the splendid proportions Of
SSH ,424. 1t shapes its business to the needs
OF its members in writing live 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 America is old in years,
prosperous in business, strong in reputation
ana money, and what is better than all, pru-
IDENTITY and honestly managed by experienced,
successful business men with unsullied
regulations for integrity and moral worth.