The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1880-06-04

but in case of loss could not rebuild for less than
about $4,000. S. A p
JoNEsBURG, Mo.
We have frequent inquiries of this
character for the reason that the Ameri-
can Company has advertised considera-
bly, in the Rurdi, and consequently
does a large business among our read
ers. The American Insurance Com
pany of Chicago has done an active
business for twenty-one years, has issued
$50, 900 policies, and paid over two mill
ions of dollars for losses. 1t confines its
business to the insurance of dwelling
houses, private barns, their contents,
farm property, churches, school-houses,
and insures not to exceed So, 900 in any
one risk, or that would be liable TO burn
at one fire it writes no policies in Chi
cago OF any of the large cities. Conse-
qucntly it is not exposed to the results
of great conhagration like the Boston
and Chicago fires The rates are rea-
sonable, yet ample it is responsible for
the safe termination of five-year risks
has cash assets amounting to $3.50, 070-
93. The amount necessary to re-insure
all outstanding risks Jan. ], 1880, $751;
131. %, and has a cash surplus as regards
policy-holders of $f9S, 943.70, in adj
dition to which the company held Jan.
/, 1880, installment notes amounting to
$1,319 1908.
The following statement, taken from
the sworn reports of thirteen of the COM
panies doing the largest business III the
State of Illinois, shows that the Ameri-
can received more money for premiums
during 1879 than any other company
doing business in the State:
American, Chicago $1SS, PA; Home,
New York, $1Sl ,03l Btna, Hartford,
$174, 1897 Hartford, Hartford, 1853, SO2;
Phenix, Brooklyn, $144, 673; German
American New York, 1924 ,S44 Traders.
Chicago, Sis, SCI ; Rockford, Rockford.
Sill, ia ; Continental, New York, $780,
59S; Insurance Company of North
America, Philadelphia, 500, 464; Phoenix,
Hartford, $94, S21 Fire Association,
Philadelphia, $93, 165; Agricultural,
WATERFOWL, $91 1888.
The American Insurance Company is
the Oldest insurance company doing bus
mess in Illinois, and one of the Oldest
farmers companies in the nation, and
farmers and those owning detached
Westinghouse property we believe can
not more safely insure than in this COM
pany. The purchasing of an insurance
policy is unlike buying an agricultural
implement. The purchaser who gets
machine for half its cost to manufact-
ure may get just as good a machine,
one that will do his work just as well,
as though he had paid more. Not SO
with the policy of insurance. A policy of
insurance is good in proportion to the re-
sponsibity OF the treasury of the COM
pany issuing it. Something in insur-
ance cannot be had for nothing. The
association Of few together, and calling
their association mutual fire insur-
ance company, does not In the remotest
sense make the contract signed by some
of their members, as President and Sec
rotary, guarantee that, in case of loss
their families will receive the amount
named therein. For time few
losses may be paid-all depends upon
whether it is for the personal inter
ests of the members to pay. The idea
III the start Is to save money by getting
up township or county mutual in
surance company, ana when more money
is asked than the regular insurance com
pany charges there is danger of the asso-
citation becoming mob which does not
always pay, and the loser cannot make
them pay, simply because there are no
funds to pay with. So long as there are
no losses the assets will remain the same.
Nothing from nothing, nothing remains,
but something from nothing you
can't, and that is the end of it.
Since local mutual insurance was
adopted we believe that every ten years
experience will show up many of such
as an absolute failure. We
do not hesitate to urge our readers to
insure their homes in some good, sound
insurance company, than which we be-
lieve there is none more responsible and
worthy of patronage than is the Amer
lean of Chicocro - I'ostorn PurdL
The man who scolds his crying baby, and is
too mean to invest % cents in a bottle of DIR.