Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1876-04-20
THE AMERICAN INSURANCE co.
OF CHICAGO.

The American of Chicago has been much
slandcred 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 bust
ness men, or ofinferior moral standard? The
mention of their names disproyes that. Nc
one has dared to impugn such men as Hon..
H. n. Hubbard, Hon J NJ Bailey, Hon. W.
II. Bradley, II. Z. Culver, L. L. Mum, VIM.
H. OyingtOn, Nicholas kransZ, NJ. A. Hoyne,
Il. B. Currier, D. A. KnowEon, Jr., and
Chas. L. Curricr. Yet these are the men
to whom the Americans interests are in
trusted. Does it lack enterprise or stability?
It's cash income of SS17 900 and the S40,-
000000 of insurance written last year,
and its S905000 cash assets, together
with its 50 600, 900 of installment 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 so industriOusly dis
tributed over the country. Ii so, 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 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
Hon. W. d. Hill, Superintendent Of lnsur-
ance for Ohio, says: 4" 1t is my opinion
''that the American Insurance Company
{" of Chicago is as safe and sound tinan-
"cially as other Insurance companies
"pOssesscd of the same amount OF
GO capital and assets " The same results
were reached by Col G. 2. 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 for Iowa, and Mr.. Kellogg, Actuary
of the Illinois Department. These men
declared what they knew, for they went
to the Companys 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 insures 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 heavylines 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. 1t will take no
other. It knows how to gctit, too; for in 1871
its cash income was only 1928 672, while in
1875 it reached the splendid proportions of
SS17, 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
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, pru-
IDENTIFY and honestly managed by experienced,
successful business men with unsullieQ
regulations for integrity and moral worth.