The Red Cloud chief., 1877-12-13

VSe ApeSfsHse paGv In tae tett~
sts,~s whIsh Iser~sss is R~a.is~ss s.a
Ia. The rr~e~atss. OF Loco.
We heartily e;lduTss Tie following 81
i,oriA taken from the Burlington Hs-x-
, eye:
We were as;onLshei - CHANGING over
The oshciA! statistics 20 End hos hiEt.
Burlington ranks in Ere insurance a.-
uros So far Is safety ani increase 81
business are ~oUncsrEat. l. - a FAC; that
the Burlington Insurance Compsny
makes a healihie. showing o. business
than any other SmpAny Go.ng business
IN the state. OF even tie wealthy Com
pAnies Of the Older states
The business Of the Burlington In
surauc- Company has incFsasoi has
year orer ssoo hundred per orn! above
any previous year We venture The A.
ser;lon no other company In The [ ni;~t
States, Of As many years standing. can
make a showing equal 10 that. ln!~rd
with scarcely al exception there has
been a great falling "a in INSURANCE
business Of a.! kinds. bu, the Burling-
ton IS a MARRIED exception. It's business
has not only Increased over " hundred
per cent. during the nrst nine months
of the present year. but the remaining
three months are ordinarily the bes,
portion Of the year. This may Seem
like vain glorious Boosting. but we can
assure our read. sit is true. Burlington
has just occasion u be proud OF the sue
cessful organization bearing the name
OF our city.
An examination of the facts. how
ever, reveals the causes which have led
10 this highly gratifying In the
first place tie stockholders and Cficers
comprise some Of the best AMI most IT,
spectej citizens in Dies MONIES county.
The management is exceptionally care
flu, prudent and painstaking. No ha,-
ardous risks are taken. Mr.. John g
Miller, the secretary. never permits
tempting premiums To sweIve him
from his infiexible rule OF safety and
prudence. We were shown Yesterday n
large package Of policies which have
been sent in from various parts of the
state on risks which many companies
would gladly accept but which the Bur
lingtOn rejects because Of so.le minor
defects or hazards which escaped the
attention of the local agents. Thous-
ands Of dollars OF business are thus re-
fused.
But what Is the result OF all this
ainstaklng carey The company has
bout two hundred agents in Iowa.
Each agent is under bond with good
surety and is responsible FOR the risks
he sends i'll as 10 the accuracy of his
and. besides. agents know
by experience it Will be useless to send
in any applications on haz trdous risks.
The result is that the Burlington gets
the cream Of the business. and its pa
irons, being the creme de Ia creme. get
the benefit of this cautious policy. This
is evident from the fact that the losses
Of tho burlington company i"ss 700.
were only eiecen per cent. Of It's prem
iun receipts! And the average for the
past two years is only nine and one
per cent, What other c,mpssy
in Iowa. or. indeed, In the United States
CAL make such 2 showing rs thaty Not
one. Taking the average Of the great
comprehensive great center
IF fire insurance companies in the Uni
ted S~tates-and We find, according Ia
the sworn reports. their losses in 1876
were fifty six percent. Of their premium
receipts. Yet the percentage Of loss in
the Burlington for the same year was
only eleven per cent! That tells the
story. Prudent. careful manage
and a strict adherence TO safe
rules. The Burlington is a safe and
prosperous company. and DESERVES its
success"