The Lake County star. [volume] (Chase, Mich.) 1873-current, 1876-04-27

The American Insurance ca. or Chicago.
The American of Chicago has been much
slandered of late. Let us see why. Has IL
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 bust
ness men, or of inferior moral standard? The
mention OF their names disproves that. No
one has dared to impugn such men as Hon.
III. Bradley, III. H. Culver, l.. l.. Mum, VIM.
III. Ovington, Nicholas Kronsz, M. A. Hoyne,
r. b. Currier, ID. A. Knowlton, jr., and
Chas. L.. Currier. Yet these are the men
to whom the Americans interests are in
trusted. Does 1t lack enterprise or stability?
Its cash income of $S17 900, and the $40.
100000 of insurance written last year,
and its $905,000 cash assets, together
with its 81, 100000 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. IL SO, let him
probe the motive of the source from whence
IL came. The insurance commissioners Of
four different States have just done this ;
and after a searching official examination OF
|
aud liabilities, all came to the same conclu-
sion. In closing his published report, the
Hon. w. ID. Hill, Superintendent of In
surance for Ohio, says: 1T is my opinion
that the American Insurance Company Of
| Chicago is as safe and sound financially as
other insurance companies possessed OF the
same amount of capital and assets" The
same results were reached by Colonel G. p.
Ellerbe, Attorney, and Hon. A. Harvey, the
| amt Aofua hot of xuha m al
the State of Missouri in its official examina-
ten of the Americans standing Also by
ex-Auditor Cattell, for Iowa, and Mr.. Kel-
logg, Actuary of the Illinois Department.
These men declared what they knew, for
they went to the Company's Office and saw
for themselves. Are not the results found
by them, after days of personal examina.
ton, trustworthy, and to be accepted,
instead of misrepresentation INDUCED in
by business rivals for mercenary and
selfish purposes? The American does bust
ness 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 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. Ii is 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 get it, too; for in 1871 its cash in
come was only $23S,672, while in 1876 it
reached the splendid proportions of $Sl7 ,424.
1t shapes its business to the needs OF its
members in writing five years policies and
collecting in cash only one years premium,
taking installment notes payable in one,
two, three aud four years for the balance.
| In conclusion. the American is old in
years, prosperous in business, strong in
reputation and money, and, what is better
than all, prudently and honestly managed
by experienced, successful business men
with unsullied regulations for integrity and
| moral worth.