The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1876-04-14
THE AMERICAN INSURANCE co.
OF CHICAGO.

Tho American of Chicago has been much
slandcrcd of late. Let us sec why. Has 10
ever failed to meet its obligations-to pay
every loss maturing against iN No: that Is
not claimed by its bittcrcst enemies. Are
Its officers or stockholders unreliable bust
ness men, or Of infcrior moral standardp The
mention Of their names disprovrs that. No
one has dared to impugn such men as Hon.
II. \. Hihhard, Hon. } NJ. Bailey, Hon. w.
II. Bradley, n. u. Culver, l.. l.. Mum, VIM.
u. Oyington, Nicholas krnnsz, ". A. Ioync,
Il. b.. Curricr, d.. a. Knowlton, Jr., and
Chas. l.. Curricr. Yet these are the men
to whom the Americans interests are in
trusted. Does II lack enterprise or stability?
Its cash income of SSH, 900 and the SiO,-
OOO,OOO of insurance written last year,
and its snOJ,ON cash assets, together
with its $2,OUN,O 900 of iustallmcnt notes. arc
sufficient dcnials of that. What then is the
muttcry SncceSSt .WsrJt These are what
draw the enemies fire. Perhaps the reader
of this has received or llld shown him by
some rival agent one of the numerous circu-
lars which are being 50 industriously dis
trihutcd over the country. II so, let him
probe the motive Of the source from whence
IL came. The insurance commissioners of
four different States have just done this,
and after II 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-
ancc for Ohio, says: at is my opinion
"tlat the American Insurance Company
" OF Chicago is us safe and sound finan-
"cially as other insurance companies
possessed of the same amount of
"capital and assets. The same results
were reached by Col. &. 7. Ellcrbe, Attorney,
and Hon. 4. Harvey, the eminent Actuary,
both of whom represented the State of
Missouri in its official examination OF the
Americans standing. Also by ~cX-.Auditor
! I'.tt,ll for IaNtn aud Mr. kallnnr Aptiury
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 mcrccnary and selfish purposes ?
The American does business only in eight of
the Western States, and insurcs no business
property whatever, cOniining its risks
to detached dwellings, school-houscs
and churches; yet there are only
six companies IN me .nltcd 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 u0n-hazardOus business. 1t will take no
Other. 1t knows how to get il, too; for in 1871
its cash income was only 23S,6i2 while in
1915 it reached the splendid proportions of
SSl1 ,42i. 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 installmcnt notes payable in
one, two, three andfuur 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 unsullicd
regulations for integrity and moral worth.