The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1876-04-13
THE AMERICAN INSURANCE co.
OF CHICAGO,

The American Of Chicago has been much
slandcrcd of late. Let us see why. Has it
ever failed to meet its obligations-to pay
every loss maturing against ty Mo- that is
not claimed by its bitterrst enemies Are
It's officers or stockholders unreliable bust
ness men, or ofinfcrior moral standard? The
mention Of their names disprovcs that No
one has dared to impugn such men as Hon.
II. \. Hubbard, Hon. } NJ. Bailey, Hon. W.
II. Bradley, II. Il. Culver, l.. L. Mum, Vim.
II. Oyington, Nicholas kransz, NJ. A. How're,
X. b. Curricr, d. A. Krowlton, Jr,, and
Chas: L. Currier. Yet these are the men
to whom the Americans interests are in
trusted Docs it lack enterprise or stability?
ITS cash income of $4,000 and the $40
09o,OOO of insurance written last year,
and its 100000 cash assets, together
with its S2,OO0,000 of installment notes, arc
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 so industriously dis.
tributcd over the country. If so, lot him
probe the motive of the source from whence
1t 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: at is my opinion
that the American Insurance Company
. of Chicago is as safe and sound finau-
"cially as other Insurance companies
possessed of the same amount of
"capital and assets The same results
were reached by Col. c. P. 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
Cattell 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 hv 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 insurcs no business
property whatever, combining its risks
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 largecities 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. It will take no
other 1t knows how to get it, too; for in 1871
its cash income was only S23S ,672, while in
1915 il reached the splendid proportions of
SSH ,424. 1t shapes its business to the needs
of its members in writing five years policies
and collecting in cash only one years pre-
MUM, taking installment notes payable in
ono, two, three and fouryear 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 pru.
IDENTITY honestly managed by experienced,
successful business men with unsullicd
regulations for integrity aud moral worth.