The Superior times. [volume] (Superior, Wis.) 1870-1912, 1876-04-14
published April 4, 1876.
CHAPTER 394.
The American Insurance Co. of Chicago.

The American of Chicago has been
much slandered of late. Let us see why.
Has 1t ever failed to meet its obligations-to
pay every loss maturing against it? No
that is not claimed by its blttereSt enemies
Are its officers or stockholders unreliable
business men, or of inferior moral stand
ard? The mention of their names disprOyeS
that. No one has dared to impugn such
men as Hon. H. n. Hubbard, Hon. ]. NJ.
Bailey, Hon. W. II. Bradley, H. T. Culver,
l.. l.. Mum, VIM. H OvinetOn, Nicholas
Kransz, NJ. A. Hoyne, R. B. Currier, d. A.
Knowlton, Jr., and Chas /. Currier. Yet
these are the men to whom the AlLerican's
interests are intrusted. Does it lack enter
prise or stability? Its cash income of SS17,-
900 and the $4,000, 900 of insurance written
last year, and its 1905, 900 cash assets, togeth-
er with its 100000 of installment notes,
are sufficient denia's 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 it came The insurance commits
siOners of four different states have just done
this, and after a searching official examina-
ticn Of the Americans plan of business, its
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: at is my
"opinion that the American Insurance Com
"pany of Chicago is as safe and sound
" financially, as other insurance compa-
"nies possessed of the same amount of
capital and assets" The same results
were reached by Col. c. p Ellerbe, Attor-
ney, and Hon. A. Harvey, the eminent Act
uary, both of whom represented the state of
Missouri in its official examination of the
Americans standing. Also by ex-AuditOr
Cattel for Iowa and Mr. Kellogg, Actuary
of the illinois department. These men de-
clared what they knew. for they went to the
company'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 misrepresen-
tations INDUCED in by business rivals for
mercenary and selfish purposes? The
American does business only in eight Of the
Western States, and insures no business
property whatever, combining its risks to de-
tached dwellings, school houses and church
es; yet there are only six companies in the
United States whose business equals the
Americans, 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 Amer
lean is getting the cream of the non hazard
Gus business. 1t will take no other. 1t
knows how to get it, too; for in 1871 its cash
income was only S238,672, while in 1875 it
reached the splendid proportions of SSH
424. it 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 pa yable in
one, two, three and four years for the bal
ance. 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 experienced, successful business men
with unsullied regulations for integrity and
moral worth.-Com.