Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1876-04-14
THE AMERICAN INSURANCE co.
OF CHICAGO.

The American Of Chicago has been much
slanderCd of late. Let us sec why. Has 1t
ever failed to meet its obligations-to pay
every loss maturing against itr Mo- that is
not claimed by its bittcrest enemies. Are
its officers or stockholders unreliable busi-
ness men, or ofinfcrior moral standard? The
mention of their names disprOyCs that. No
one has dared to impugn such men as Hon.
II. n. Hibbard, Hon. NJ Bailey, Hon. w.
II. Bradley, II. z. Culver, L. l.. Mum, VIM.
ii. Ovington, Nicholas Kransz, NJ. A. Hoyne,
X. b. Currier, ID. A. Knowlton, Jr., and
Chas. L. Curricr. Yet these are the men
to whom the Americans interests are in
trusted. Does it lack enterprise or stability
Its cash income of $4,000 and the $4O,-
000,0OO of insurance written last year,
and its f905,000 cash assets, together
with its e., ,0O0, 600 of instalmeut notes, are
sufficient deninls of that. What then is the
matter? SucceSsi Merritt 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
tributcd over the country If so, let him
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
llOn w VI llIll1 VI
ance for Ohio, says: at is my opinion
"that the American Insurance Company
"of Chicago is as safe and sound finan-
"cially as other insurance companies
"posscssed of the same amount of
"captal and assets" The same results
were reached hy Col. &. ?. Ellerbc, 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
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 results found by them,
after days of personal examination, trust
worthy, and to be accepted, instead of mis-
representations INDUCED in by business
rivals for merccnary and selfish purposes
The American does business only in eight of
the Western States, and insuTcs no business
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. 1t knows how to get ii, too for in 1871
its cash income was Cnly S23S,612, while in
1879 it reached the splendid proportions of
SSl7,4 ,424. II shapes its business to the needs
of its members in 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 conclusion, Slle American is old in years
prosperous in business, strong in reputation
and money, and what is better than all, pru
IDENTIFY aud honestly managed by experienced
successful business men with unsullled
regulations for integrity aud moral worth