The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1876-04-19
The American Insurance Co. of Chfcapo

A"o AMoE1cAu INSURANCE 20. OF chicago.
:, me American of Chicago has been much
ever failed to meet its obligations to pay
every loses maturing against it No that IS
not claimed by it bitterest enemies. Are
us omcers or stockholders unreliable business
men, or OF inferior moral Standard The
mention Of their names disproves that. No
one mas dared to impugn such men as Hon.
Bradley, H. T. Culver, L. L. Mum, VIM. Il.
0vington, Nicholas Kransz, N. A. Hoyne,
+. y. Corrier, D. A. Knowlton. Jr., and Chas.
L. Currier. Yet these are the men to whom
the Americans interests are intrusted.
Does it lack enterprise or stability Its cash
income Of $8l7 900 and the 90, 060,0 900 Of in
surance written last year; and its @90b, 600
stailment notes. are suficient denisfs Of + that
What then il the matter? SUGGEST Merit!
These are what draws the enemies fire.
Perhaps the reader of this has received or had
shown him by some rival agent one Of the nu-
mero9s circulars which are being 80 indus
triously distributed over the country. If so,
let him probe the motive OF the source from
whence 1t came. The insurance commission
ers 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 conclusion.
In closing his published report, the Hon. w.
D. Hill Superintendent of Insurance for Ohio.
says: 1t is my opinion that the American In
...sound financially as other insurance com
..panies possessed Of the same amount of
''capital and assets" The same results were
reached by Col. C. 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 Cattell for
Iowa and Mr. KAlkNoo Arf1orv nf <ho III;
nois Department. These men declared what
they knew, for they went to the Companys
office and saw for themselves. Are not the
results found by them, after days of personal
examination, Trustworthy, and to be accepted,
instead Of misrepresentation INDUCED in by
business rivals for mercenary and selfish pur-
posesY The American does business only in
eight Of the Western States, and insures no
business property whatever, combining its
risks to detached dwellings,, school-houses
and churches yet there are only six COM
panies in the United States whose business
equals the Americans, and these write heavy
lines in large cities throughout the Union.
VI ~. C 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. It will take no other.
It knows how to get it, too for in 1871 its cash
income was only S238, $50, while in 1876 it
reached the splendid proportions Of 98l7, 424.
1t shapes its business to the needs of it's
members in writing five years. policies and
collecting IN cash only one year: premium,
three and four years for the balance. In con-
clusion, the American is old in years, pros
porous in business, strong in reputation, and
money, and what is better than all, prudently
and honestly managed by experienced, sue
cessful business men with unsullied reputa-
lions for integrity and moral worth.