The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1876-04-13
THE 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 it's obligations-to pay every
loss maturing against it !? Mo- that is not
claimed by it's bitterest enemies. Are It's officers
or stockholders unreliable business men, or Of
inferior moral standard? The mention OF
their names disproves that. No one hes dared
to impugn such men as Hon. ~. n.
Hubbard, Hon. j. M. Bailey Hon. w. II.
Bradley, HI. z. Culver, L. l.. Mum, VIM. ii.
Ovngton, Nicholas Kransz M. A. Hoyne,
R. B. Currier, D. a. Knowlton, Jr., and
to whom the Americans interests are in
trusted. Does it lack enterprise or stability !?
It's cash income of $817, 1000, and the $4O,-
100000 Of insurance written last year,
and it's $905,000 cash assets, together
with its 100000 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
some rival agent one of the numerous circu
lars which are being so industriously dis
tributed over the country. If 80, let him
probe the motive of the source from whence
it came. The insurance commissioners OF
four different States have just done this, and
after e searching official examination OF the
Americans plan of business, it's 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: 1T is my opinion that
Chicago is as safe and sound financially
sas other insurance companies pos
sssessed of the same amount OF cap
s'ital and assets" THE same results
were reached by Col. G. 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
Americans standing. Also by ex-Audltor
Cattell for Iowa, and Mr.. Kellogg, Actuary OF
the Illinois Department. These men declared
what they knew, for they went to the Com
pany's Office and saw for themselves. Are
not the results found by them, after days
of personal examination, trustworthy, and
to be accepted, instead of misrepre-
sensations INDUCED in by business
rivals for mercenary and selfish purposes? The
American does business only In eight OF the
Western States and insures no business prop
erty whatever, combining it's 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
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. 1t knows how to geS it, too; for in 1871
it's cash income was only 1888, 672, while ia
1875 it reached the splendid proportions Of
1917 424. It shapes it's business TO the needs
of its members in writing five years policies
and collecting in cash only one years preml-
un, taking installment notes payable in one
two, three and four years for the balance. In
conclusion, 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
cessful business men with unsulied regulations
for integrity and moral worth.