Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1876-04-20
TIAK AMERICAN INSURANCE co.
OF CHICAGO.

The American Of Chicago has been much
slandered of late. Let US see why. Has II
ever failed to meet its obligations-to pay
every loss maturing against itY No: that Is
not claimed by its bitterest enemies. Are
its officers or stockholders unreliable busi-
ness men, or ofinfeTior moral standards The
mention OF their names disproves that NO
one has dared TO impugn such men as Hon.
III. n. Hubbard, Hon. j NJ. Bailey, Hon. w.
II. Bradley, III. z. Culver, L. l.. Mum, VIM.
ii. oyington, Nicholas Kransz, NJ. A. Hoyne,
X. b. Currier, ID. A. knowlton, Jr., and
to whom the Americans interests are in
trusted. Does ii lack enterprise or stability
Its cash income of $S1T 600 and the $40
0o0,000 of insurance written last year,
and its s9o5,oOo cash assets, together
with its s., 100000 of installment notes, are
sufficient denials Of that What then is the
natter Success Nerif These are what
draw the enemies fire Perhaps the reader
Of this has received or had shown him by
some rival agent one OF tie numerous circu-
lars which are being so industriously dis
tributcd over the country. IL so, let ain
probe the motive of the source from whence
1t 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. ID. Hill, superintendent of Insur-
ance for Ohio, says ut is my opinion
THAT the American Insurance Compare
a. of Chicago is as safe and sound fnan.
"cialy as other insurance companies
possessed of the same amount OF
"cuptal and assets" The same results
were reached by Col G. 2. Ellerbe, Attorney,
and Hon. A. Harvey, the eminent Actuary,
both of whom represented the Stale 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 Company's office and saw for them
selves Are not the rcsults found by them,
after days of personal examination, trust
worthy and TO be accepted, instead of mis-
representations INDUCED In by business
rivals for mcrccnary aud selfish purposes :
The American does business Only In eight of
the Western States, aud insures no business
property whatever, combining its risks
to detached dwellings, school-houscs
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 American is getting the cream OF
the nOn-hazardous business. II will take no
other II knows how to get II, too; for in 1871
its cash income was only s23s ,672, while in
1875 ID reached the splendid proportions Of
sl7,424. II shapes its business to the needs
of its members la 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 conclusions the American Is old in years,
prosperous in business, strong In reputation
and money, and what Is better than all, pru-
IDENTITY aud honestly managed by experienced,
successful business men with unsullied
regulations for integrity aud moral worth.