The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1878-03-21
From B,..,uu Diiiy Adveuls,r March 2. ISIS
SURVIVAL OF THE FITTEST."
Tho riuniK Insurance Company of Hart
ford -Insuranco II Ttoublos Throughout tho
Couutry-survival Of the Fittest.

Hartford is famed as an insurance city,
and among the ablest business men OF
the country must be classed the managers
Of the insurance business in Hartford or
the three great FIRE insurance companies
Of that city. the Phmnix founded in 1854,
has now a capital Of a million Of dollars,
assets amounting TO two and n half mil
lions, and a net cash surplus Of nearly
elk hundred thousand dollars over all
liabilities including capital IL is Pre-
eminently representative American
company. Its risks are scattered, so that
n great calamity may not affect its re-
sources. II was the first company to pay
a loss in Chicago in 1871, and its entire
payments upon that fire were nearly n
million Of dollars.
IL has paid successfully large losses in
several cities since then, but stands to-
day stronger than ever and abundantly
able to meet any demand that conhagra-
tion in any quarter may make upon IT,
The general business of the year just
past was anything but profitable to many
Of the leading companies. At the same
time, under the depression, many Of the
weaker class Of companies wore obliged
to succumb. Some Of the larger ones suf-
fered serious shrinkage in their premium
receipts as compared with those Of the
previous year. The loss in this regard
by the Phoenix was but per cent, and
that falling off was caused by the great
reduction Of rates
But il wrote many thousand policies
more in number than in previous years
and on the lst Of January 1878, showed
an increased amount Of assets, and an in
crease in the net surplus Of nearly fifty
thousand dollars. This in the face Of the
widest competition for business ever
known. Such results carry with them
their unchallengcd confirmation of the
wisdom and force Of its prudential man
agement.
A great many interesting facts about
the progress Of fire-insurance business
could be given, but we group the states.
ments that justify certain amounts. and
present the facts that since June, 1859.
the amount OF fire insurance in this coun.
| try has been more than seventy five
thousand millions Of dollars, the amount
Of premiums collected more than six
hundred millions Of dollars, and the los.
ses paid more than three hundred and
seventy.fve millions Of dollars
There are but nine FIRE insurance com.
panies in America whose capital is a mil
lion or more Of dollars. The companies
| NuAb nave lAlieu since January l. 1917
are in number two hundred and twenty
seven, and in the last year over ffty
companies disappeared. IL certainly
seems strange that men having property
TO insure will run foolish risks or allow
spectators TO place their interests in
Jeopardy when. Tor fair consideration
they can be utterly safe
The larger the business done by such 1
company as the Phmnix. the better ano
safer for each and all connected with Il
as policy holders While oil these com
panics. that are now but memories, hav,
be, n falling away, the strength Of th'
Phoenix has been gradually and certainly
increasing. the shrewdcst men have plao
ed their ventures beyond the possibility
Of loss, while such as sought cheapness il
place OF payment Of adequate premium
have been sufferers because Of their par
simony and credulity.
| Tine-tried aud Fire-tested.
CHAPMAN BENTox, Resident Agent,
Jackson, Ohio