Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-06-13


the managers and stockholders Of the various
nre insurance companies, having their home In this
city, are naturally somewhat indignant at recent
publications, attempting to compare them unfa-
vorably with foreign companies having agencies
here. Reporters OF The STAR yesterday inter-
viewed the officers Of all the home companies, and
the result Is presented below. In every case it
Will be observed, the utmost willingness was man
ffested to give the fullest Information respecting
the resources OF the company. The showing
made In these interviews Will confirm the general
confidence In the sOundness and excellence OF the
home companies. The names OF tie officers Of the
various companies given below VILE be recognized
as those OF gentlemen Of established business in
tegrity, having the entire confidence OF the COM
munlty.
THE FRANKLIN COMPANY.
DR.. D. B. Clarke, the president OF the company,
and Mr.. !. Fenwick Young were found by q re-
porter at the office OF the Franklin company. In
reply to the question to what he thought OF the
publications rejecting on the character OF the
District companies, DR.. Clarke said they were un-
just, he believed as to all, and he knew they were
DR.. Clarke, "a capital OF $1c5, 600, paid up long
years ago, with surplus OF over 100000, and
these reports look like an effort to blacK-maiL
We have history, too, as the Oldest company in
loses" s:Ws v.ro ,o ,on.,,u.. ...,,,o,. -.
Wo WoEcs ue COutQuoQ, producing an Old
pamphlet containing the charter, "ipcorporated in
1873. the charter being issued to John Davidson,
Satterlee Clark, Alex Ker, R. c. Welghtman. Bent
John Quincy Adams was then Secretary OF State,
and shortly after the organization he commenced
buying the stock, and now about one-third OF the
that in is years We have had 80 few ofricers al, an
evidence OF stability In all that time We have
John Davidson, Peter Lenox, g. C. Grammer.
John P. Ingle, w. A. Bradley, Matthew
g. Emery and Henry Bradley. Then
J. c. Hall filled place on the board for 50 years
Mr.. Charles Glover, the grandfather of MI. c. C.
Glover, Of Rggs q Co. was the 1rst secretary,
Young. Who s the once now M NJ dhas ae1HsSk Braa.
ways had a good share OF business, and are doing
larger and better business than ever before, and
taking risks only in the District we know exactly
NJ. Mccaa W. EERssaa Rooeats II T. Meboaaie E5aake,
Joseph Fl. Bradley. F. B. MCGUIRE, IT J. Fisher, c.
s. Bradley, James 1. Norris and Jos. B. Hilln
THE coRCoRAN INSURANCE. COMPANY.
When the subject was called TO the attention OF
Mr.. j. T. Dyer, the secretary OF the Corcoran Fire
Insurance Company, he said:
"Idon't know why these publications are made,
except that they may be instigated by the outside
companies or by some one who has an end to
attain, say fat salary as insurance commissioner
"There may be another reason however" he con-
tinued. About this time OF the year the public
@ insurance VIII De renewed. and at present that
business IS divided up among the home cOmpa-
MES There has always been an attempt made to
get this business away from the local companies "
us there any thing in the condition OF the COM
asked the reporter.
None at all that know or" was the reply
their losses promptly, and pursue aiconservatlve
course IN business II risks are presented which
are too large for US 70 they are
:. " rake 10: instance this square, he went on.
"Our company, say, has an Insurance OF $1,000 on
Suppped m sns wa the sntIs square
our policy to distribute our risks over the city and
away from each other. There is;anDther theory,
put larger insurance upon buiIding than we
Will II the building burns they probably will re-
fuse TO pay M Manytnlng more than the cost Of the
arst place, and pay our losses"
"ls there any law requiring areport from the
tS Local R companies showing their cohdfion'" asked
I'VE are required" said Mr. Dyer, 'to nle with
tne recorder OF deeds sworn statement as to how
our Indebtedness. Besides thess il Is usual to
publish a statements of the nnancaal condition Of
81 think" he continued, shat you viii, ind that
these publications are simply 'ayen put out in
the hope OF striking somethfn9.n
ias 81 ens gre as iollows
James D; Clary, Chas A. James, Geo: A. Nc.
lihenny, Edward Droop, James L Barbour, h.
sy sasy. s'e"al'' Joseph \ cass'n; Z T. Dyer sscre
THE MUTUAL PROTECTIVE poNPANY.
An oflcer o. the Mutual Protective Fire Insur-
ance Company said TO reporter;
'"fhe companies here are on hood foundation
ana financially sound The f31a are not half
what they are In other cities, oaF1ng to our wide
streets and effective fire system Tnen again we