Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1876-04-13
The American Insurance Co. of Chieaeo.

The American Of Chicago has TEN much
slandered of late. Let rs see why. Has it
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
mention Of their names disproves that. No
one has dared to impugn such men as Hon.
Il. n; Hubbard, Hon. J. NJ. Bailey, Hon. w.
6radley, II: q. Culver, L. L. Mum, VIM H.
Ovington, Nicholas kransz, NJ. A. How're,
K. =: C9rrler, D. A. Knowlton. Jr., and Chas.
the Americans interests are Entrusted.
Does it lack enterprise or stabilitvP its cash
income of $751;, 900 and the $40, O6O, 900 of in
surance written last year, and its S9O5. 600
cash assets, together with its g., 900 600 Of in
st t notes, are sufficient denials Of that.
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-
merous 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,
OF the Americans plan OF business, its assets
and liabilities, all came to the same conclusion,
, In closing his published report, the Hon. w.
ID. Hill, Superintendent of Insurance for Ohio.
says: 1t is my opinion that the American In.
surance Company OF Chicago is as safe and
"panies possessed of the same amount OF
/ ''capital and assets" The same results were r..
reached by Col. C. P. 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 Cattell fol
Iowa, and Mr.. Kellogg, Actuary Of the Hi.
| nOiS Department. These men declared what
they knew, for they went to the Companys
Office and saw for themselves. Are not tn
results found by them, after days of persona
examination, trustworthy, and to be accepted
instead OF misrepresentation INDUCED in b,
business rivals for mercenary and selfish pur.
posesY The American does business only in
eight OF the Western States, and insures M
business asa property whatever, combining it.
and churches yet there are only six com
panies in the United States whose business
equals the Americans, and these write heav,
lines in large cities throughout the Union
Of course their agents fight the American
It's their bread and butter to do so. TIL,
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 casl
income was only 1926, 672, while in 1876 il
reached the splendid proportions OF SSl7, 424
1t shapes its business to the needs OF it:
| members in writing five years policies anC
| 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 i'll business, strong in reputation, and
money, and what is better than all, prudently
| and honestly managed by experienced, sue
! cesstul business men with unsulled reputa.
tlons tor integrity and moral worth