The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1877-03-28
HOME INSURANCE.
A Local Company Commended BY An Ev-
ening Sheet.
Undianapolis News1

In the last few months, people in reading
the daily papers. have been astonished and
bewildered particularly those who read the
insurance journals) at the changes an
nounced as taking place in many of the in
surance companies located all over the coun-
try. Companies which have been in opera
ton for years, which have, to all outward
appearances, done an immense and profitable
business, and have been differed by men
who were looked upon as masters of all the
intricacies of the business, and to-day-well,
how are they? Some have curtailed their
risks, others have gone into bankruptcy and
others still are leading a sickly life, dragging
out miserable existence from day to day,
trying to ward off the day of their doom,
which is rapidly advancing to meet them
and bury them in failure and destruction.
Those companies which have been care
full as to the hazardousness of the risks they
have taken. not taking any and everything
offered them simply for the sake of the few
dollars they might obtain, and in order to
swell their aggregate of business done, which
in their published statements would make
such a fine showing, and at the same time
depress the hearts of their rivals and sadden
them with the knowledge that they could
not get all the insurance to be
had for their companies These
companies which have practiced this
carefulness are now reaping the reward
of their foresight in an increased business of
first-class character. The companies which
have recognized the great and important
fact that no matter If one company can
show more risks taken than another, it is
not necessarily primG fdcie evidence of its
greater strength. Companies which have
demanded not an exorbitant, but fair rate
for their policies, these are they, which, like
gold passed through the crucible, has be-
come refined and more valuable, are to-
day on a firmer foundation, and their
hold on the confidence and affections of the
people will grow stronger as days are sue
ceeded by months, and these in their turn by
years. From what can be gathered from
public opinion, the Franklin Fire insurance
company of this city is an example of Ibis
class of companies.
Started but a few years ago, her progress
has been upward and onward, and to-day
she stands firmly on a strong financial foun-
dation, and has a business which can not be
taken away from her. She is differed by
men of thorough business experience and
training. Her board of directors is made up
from citizens whose ability, wealth and
social standing qualify them to manage the
affairs of the largest monetary institution.
Besides this she is home institution. The
money she receives is kept at home, thereby
directly benefitting the citizens of Indianap-
oils The agents of other companies imnc-
diately send the largest part of their pre-
miums home to their companies, whose
headquarters are outside of the state.
The managers of the Franklin have in the
last few weeks determined on withdrawing
their agencies from all points outside the
state, and are rapidly settling up the bust
ness of these agencies in order to wind them
up. This change will benefit the company
in several different ways, and its officers and
directors have shown much wisdom and
clear headedness in determining upon this
course
The simple fact OF this action of the COM
pany to confine its action within the bounds
of the state at once makes a strong appeal to
HE sympathies and pride OF its people to
extend to it their full and hearty support
One other benefit gained might be alluded
to-the less territory occupied by COM
pany. the risks offered to it, as well as those
already written, can be more strictly exam
ined and kept under close scrutiny. To
those contemplating insurance this company
can certainly offer as great if not greater
inducements than any other in the state.