, 1877-09-07
The Insurance Agency OF Hutch.
inspn gx Mann.

TtI. a-rH.g "a. f,rul-i August, le.1. srd
0T=4urt tu Office af 50 California street san
frah..srH. utsrr 10 BE- slUl Isratrd
ttrnrIal uuiriIu-Hu O.. gentleman veil
sod iaYurHH.N kuuaH o. mu-i citizens loo tti.
cts sri SLATE. laNIHg resided hyrr many
yrars during whirb tImy hr bh. hryH con.
urefTt uI Ith Nany uf our duAuri,I enterprises,
a. .in. holder, rrrsIdent. director, a..
Nc Mann "a. f,r same gear, prrSiuu- % the
urEau.FaiIuu ui tbi, agency in lNi1, rr. iirut
Ui >aIi Lake lity, where hr was engaged in
the underwriting business. under the urm
nanr ~ ~ X Mann y Co, representing sew
traI eastern companies.
With she extensive aud favorable aCuuaint-
Ancc which these gentlemen had,the agencies
50 insurance companies were easily secured,
and accordingly the hrm started In August,
l>S., Vim the Girard, of Philadelphia. Home,
uf Columbus. 81 Paul ul Minnesota; ANA
RON, Of Cincinnati, and Que or two others /;
and soon aftcr several companies were added
to the list, aud, with the energy and pluck in
the make up of the irm, IL was not long be.
fore the volume Of business increased until
the aggregate annual premiums of this
agency equalled any ON the Coast. The com
panies represented at this time are: Girard,
Of Philadelphia; Home, Of Columbus, st.
Paul, OF 81. Paul; New Orleans Insurance
Association; Peoples, OF Newark; Revere, OF
Boston; Atlas, OF HartfOrd: The Trade of
Camden, New Jersey; and the Union Marine
and Fire Insurance Company Of ton,
Texas, with which Is combined the Texas
Banking aud Insurance Company, and the
Galveston Insurance Co., with combined
assets Of nearly seven million dollars.
The Girard Of Philadelphia, is an old es.
tablished institution, organized in 1858, with
a paid up capital of s30O,OO0 The Assets, on
the lst Of January, 1877, amounted to Il little
over Sl,lOO,OOO, with a surplus as to policy.
holders of S93l,24O II was opened at II date
when there was great popular opposition to
fire Insurance companies, and nOtwithstand-
ing this and the great panic of 1857 com
bined, it bravely held its own till it is now
one of the first institutions in America.
The st. Paul was organized in 1865, and has
a paid up capital of 100000, with assets Of
nearly one million dollars, aud surplus as
to policy-holders Of S57l,65+.
The Home, of Columbus, commenced bust
ness in 1854, with capital stock paid up Of
S250,0O0. Assets nearly S5OO,OOO, with a sur
plus as to policy holders OF S3OO0O0
The Union, of Galveston, Texas, was char
tered in 1913. Its assets are S7l4, ,693.S7.
The Trade Insurance Company of Camden,
New Jersey, has capital of $780, 900, and its
assets amount to S3l6,23l 46.
The New Orleans Insurance Association
was incorporated and commenced business
in 1869, and has capital stock paid up Of
$500 OOO, with assets on the first of January,
1877, Of S56O,000.
The Atlas, Of Hartford, commenced busi-
ness in 1872, with S20O,OO0 paid up capital,
and shows available assets of S525, 900 on the
first of January, lST.
The Peoples Insurance Co., of New Jersey,
was organized in 1885, and commenced bust.
ness in 1867 with capital paid up of $780,.
600, and at present has assets Of $45O,000,
and shows surplus, as 10 policy-holders, Of
$260000.
The Revere, of Boston, is a new company,
organized in 1875, with paid up capital Of
$2000OO.
The firm of Hutchinson, Mann Il Smith
was dissolved on January lst, 1877, and the
business is now carried on by G. |. Hutehin
son and H. r. Mann, under the style of
Hutchinson and Mann. The firm have, dur.
ing the past few months, procured the servi-
ces of w. L. Chalmers, who is an experienced
underwater, and who, as special agent and
adjuster, will, no doubt, prove a valuable
accession to the firm, and under his man.
agement the interior business of the firm
will greatly increase during the present year
IS. II. Journal Of Commerce..