Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1876-04-19
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? No:
that is not claimed by its bitterest enemies.
Are its officers or stockholders unreliable
business men, or of inferior moral stand
ard? The mention of their names disproves
that. No one hasTdared to impugn such
men as Hon. III. N. Hubbard, Hon. J. M.
Bailey, Hon. w. H. Bradley, H. Y. Culver,
L. L. Mum, VIM. H Ovington, Nicholas
Kransz, M. A. Hoyne, R. 3. Currier, D. A.
Knowlton, Jr., and Chas. l.. Currier. Yet
these are the men to whom the Americans
interests are intrusted. Does it lack enter
prise or stability? It's cash income of $S17,
900 and the $40, 900, 900 Of insurance written
last year, and it's 1905, 900 cash assets, togeth-
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 numer-
Gus circulars which are being SO Industrious
ly distributed over the country. If so, let
him probe the motive Of the source from
whence 1T came. The insurance commits
sioners OF four different states have just done
this, and after searching official examina-
ton of the Americans plan of business, it's
assets and liabilities, all came to the same
conclusion. In closing his published re-
port, the Hon. W. D. Hill, Superintendent
Of Insurance for Ohio, says: 1t is my
"opinion that the American Insurance Com
"pany OF Chicago is as safe and sound
financially as other insurance compa-
{" mics possessed of the same amount
"of capital and assets" The same results
were reached by 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 Ameri-
for Iowa, and Mr.. Kellogg, Actuary of the
Illinois deps ment. These men declared
what they k ew, 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 misrepresentation
INDUCED in by business rivals for mercen-
airy and selfish purposes? The American
does business 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 Ameri
cans, 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 getit, too for in 1871 it's cash income
was only $238,672, while in 1875 it reached
the splendid proportions of $S17, 424. 1t
shapes its business to the needs of its mem
bers in writing five years policies and col
lecting in cash only one years premium,
taking installment notes payable in one,
two, three and 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 expert
enced, successful business men with unsul-
lied regulations for integrity and moral
Worth.-COTl.