The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 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 its .obligations-to pay
every loss maturing against it? No: that is
not claimed by its b!tterest enemies. Are
Its officers jr Stockholders unreliable bust:
ness men, or ofinfcriof moral statidard? The
mention of their names disproves that No
one has dared to impagn such men as Hon.
H. N. Hubbard, Hon. NJ. Bailey, Hon. w.
H. Ovington, Nicholas Kransz, NJ. A. Hoyne,
X. B. Currier, d. A: Knowlton, Jr., and
Chas. L. Curricr. Yet these are the men
to whom the Americans interests are in
trusted. Does 1t lack enterprise Or stability!
Its cash income Of $Sl7 600 and the $4O,-
O0O,OOO Of INSURANCE written. last year,
and its 100000 cash assets, together
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. If so, let 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 cenclu-
sion. In closing his published report, the
Hon. W. D. Hill, Superintendent Of 1nsur=
ance for Ohio, says: 1T is my opinion
"that the American Insurance Company
"of Chicago is as safe and sound fnan-
"cially as other insurance companies
possessed of the same amount OF
"capital and assets - The same results
were reached by Col. &. P. 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
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 merccnary and selfish purposes
the Western States, and insures no business
property whatever, combining. its risks
and churches; yet there are only
six companies in the United States
whose business equals the Americans, and
these write heavy lines in large cities through
out the Union. OF course their agents hight
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 1t knows how to get it, too; for in 1871
its cash income was only $23s, 672, while in
1875 it reached the splendid proportions of
$817, 44. 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 installmcnt 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 unsullicd
regulations for integrity and moral worth.