Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1876-06-15
Home Insurance Companies.


J Outside of the advantage of the
I protection which underlies the prin-
ciple of Fire Insurance, there are a
( few advantages to a city or State,
which sustains a good reliable Com.
pany, that may be briefly considered.
First, good company which
promptly adjusts and pays its losses
is of itself n permanent credit to any
city or State where such an institu-
ton may exist. 1t gives to a city a
commercial credit and Importance
abroad, which few if any other local
institutions can give, that do net
pursue the same system of extensive
advertising. If the company is pub
lie spirited (and all good companies
are so), it advertises with liberality,
which gives the press and printer a
fair share of its patronage, and thus
through this medium not only gives
publicity to lis business, but TO the
State and city to which it belongs.
Another and much more important
feature of a good Home Company, is
the fact that it retains at home and
draws from abroad capital which
must find investment ut home, thus
promoting the industry and enter
/ prise of its own State and city. 1t
seems that in this respect our State
F has been in the past somewhat re-
miss aud wanting in enterprise, for it
F is a well known fact that the State of
Indiana pays over million and a
+ half of dollars annually foi Fire In
/ surance to Companies Of othel States,
one-fourth OF which retained ut home
in support of IA company Of our own
State, would give Indiana IA company
that would soon be credit and an
advantage to the State. 1t is an adj
ni;tted fact among insurance men
that Indiana is one of the most lucra-
tive fields for Fire Insurance in the
country. The we'll know honesty
and thrift of its people, making the
moral hazard consideration of no
small importance, and in conse
quence the profits to Companies
much larger than il otherwise. If we
stop TO ask what has helped largely
to give New York. Hartford, Boston,
Providence, and other cities, East,
the prestige as money centres, we
find an answer i'm the fact that the In
surance Companies of those cities
have been the instruments of draw
ing large sums annually, from all
parts of the country. The money
OF the West and South has flowed
like flood into the Golfers OF the
now powerful, solid and reliable in
suTance companies of those cities,
building up from small assets mon
uments of financial power that are a
credit to the genius and energy of
the men y no founded them. These
facts are before the people and his
tory repeats itself as time rolls on;
what were in the cities of the east,
small Institutions struggling against
the prejudice of the people few
years ago are now the pride of the
cities and States in which they were
begging for patronage. That they
have honorably won their laurels by
just, equitable dealing with their
customers we are willing frankly to
admit and the same course pursued
by the company known as the state
Fire Insurance Company of LaPorte
will produce similar results and have
good influence upon our State and
city.
, 1t is with pleasure we note the sue
cess which has marked the career OF
: this company under its present man
ageinent, during the last few months
| building up rapidly "a business by
earnest application and energy,which
has cost many companies much out
lay of capital and time to obtain
The policy adopted 10y them of writ
ing small lines and having them vel
distributed pr6cludes the possibility
of large losses and makes it safer fol-
the company and the insured. W.
are pleased to note the favor with
which the company is received in oul
own and other States among Insu
rance men and the hearty good vii
shown by other companies and lead.
ing agents i'm the North and West to-
wards the State Fire Insurance Com
pany Of LaPorte, Indiana.
And we regard it as duty on the
part Of the people of our State tc
give This company the State patron
age and assist them in building up {
company that will be credit and al
honor to our State. 1t has IA gooc
Directory Of honorable and able bus
mess men with good securities anc
should be sustained by our people
Let the citizens in this State give oul
home company encouragement, anc
help make it one Of the solid institu
; lions OF the tate-MGord Ipeeki,
NeirS