The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1876-04-14
THE AMERICAN INSURANCE CO. OF
CHICAGO.

The American Of Chicago has been much
slandered Of late. Let US see why. Has 1t
ever failed to meet its obligations to pay every
loss maturing against it No; that Is not
claimed by its bttereet enemies. Are it's officers
or stockholders unreliable business men, or Of
inferior moral standard? The mention Of
their names disproves that. No one has dared
to impugn such men as Hon. II. N
Hibbard, Hon. J. M. Bailey Hon. w. II.
Bradley, H. z. Culver, L. L. Mum, VIM. H.
Oungton, Nicholas Kransz M. A. Hoyne
r. Is. 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 s817, 900, and the $40,-
100000 Of insurance written last year
and it's 100000 cash assets, together
with its $4,000, 600 of instalment 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 80 industriously dis
tributed over the country. II 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 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 lit is my opinion that
'the American Insurance Company Of
Chicago is rs safe and sound financially
"as other insurance companies pos
''sessed of the same amount Of cap
"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 tho
Americans standing. Also by ex-Auditor
Cattell for Iowa, and Mr.. Kellogg, Actuary OF
the Illinois Department. These men declared
what they knew, for they went to the Com
panys Office and saw for themselves. Are
not the results found by them, after days
OF personal examination, trustworthy, aud
sensations INDUCED in by business
rivals for mercenary and selfish pdrposes3 The
American does business only in eight OF the
Western States, and insures no business prop
erty whatever, combining its risks to detached
dwellings, school-houses and churches YET
States whose business equals the American q
aud heee write heavy lines in large cities
throughout the Union. OF course their agents
fight the American. It's their bread and butter
TO do 30. The American Is getting the cream Of
the non-hazardous business. 1t will take nc
other. Il knows how to get It, too for in Is!
it's cash Income was only $238, GA while II
1875 it reached the splendid proportions O
sS17, 424 II shapes its business to the need
of its members in writing five years policie
and collecting in cash only one years premi
um, taking installment notes payable i'm one
Two, three aud four years for the balance. il
conclusion, the American Is old In years. pros
money, and what Is better than all, prudentl.
and honestly managed by experienced, sue
cessful business men with unsullied reputation
for integrity and moral worth.