Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1886-01-16
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Dakota has oege.opeu many prosper
ous enterprises aud one of those occupy
rug 8 prominent position among the
successful undertakings is the wei
known Sankton assurance company
We mention this with a proper degree
OF pride bechsue 1t is almost entilsly
fanktouiau IN It's construction and ia
the conduct of it's business. 1t has
krnwn to vigorous proportions through
ne Efforts Oh our own people apd has
ii slned u spotiess bus ness reputation
o. their hdtlity to the strictest priuci
pies OF i%astice and fair dealing. The
fanktou insurance company WAS orqaa-
ed only - few years agn, It's field beng
le rural regions and Its specially he
insurance OF farm p,"re. ~ and it oper
ates under the auspices of the fo.luN.ng
sroCrFoLpElts:
Ex-Newtou Eimuuds, j. @. Mcyay,
z. A. Gale, Geo. Ii. Scougal, Bart
let l'r!pn. S. II. Gruber, A. w. Howard,
LIN. Putd.r, @. j. B. Hurris, Gamble
Bros, joseph Naro, L. Z. Wilcox. j. A.
t'e' 90 @. NJ, q, S,oyei, Jacob Ma,
oct Il o. m"u, ! yler & Nlsseo, W. b.
!, Way L + Euasau, G. + NImunds.
Il. CoulSJu. Joseph Pier. L.. B.
renon, Wm a.. I'drounds, E. j..
ri;bel, Bowen & Kiossbu,y, W. B.
Dear, j. M. i,err
a MANAGEMENT.
The following gentleman compose the
o. d of directors OF tie company;
New 90 E1muuds. i. y. Wilcox,
L. N Po'5y, K. j. Gamble, 90. MoVay
.3ass".' Nasd, C j., 3. Hams, Geo. r.
-" -, NJ p. Gilman,
G.y,,eo Etmands is the president
q az ypud o. directors aut Captain ID.
&C amer ihe secretary. The eeu-
CT - "'slp Wooliey's block. corner
0 "a ID . ret aod Douglas avenue, in
% >cav '.
he Ysnkton Insures only
n props ~, detached dwell
Uarus, school houses and
@ =. 1T confines it's operations
:" ans niass ol property, deciiniuq
20 mo stoves, shops, hotels,
i i'ci"~'pg property or
81 nurNe,s pron, rtg OF aug description.
itri - are therefore wid ~ scattered
and u Gao incur no disastrous loss by !
ny general COZ. grafton. By adhering
50 tins class of business it's patrons are
absolutely assured at all times of the
soiveucy OF the company and of Its abll-
ity to pay any Losses it contracts to pay.
Upon tois basis the Yankton
has built and has made for itself an
IMPROBABLE REPUTATION
fos satisfying IN full all CLAIMS for losses.
1t is the sweeping cou1agrations OF
cities which cripple go many in
companies and render protec-
ton to the insured of n hazardous
character.
In the earlier years of its experience
the Yankton encountered a season Of |
heavy losses from venturing into the
field OF hail insurance. It's stockhold-
ers met these losses with tho cash as
fast as they were incurred, pay
ing everything in full and
satisfying the insurers of their intention
TO comply IN every case with the terms
Of the company's contracts. While this
experience built up the reputation of
The company, it also gave the manage
ment u valuable lesson from which II
has p~rofitei 10 its subsequent t~ransuc
lions. The lesson is Of equal value to
because it gives complete sta
oiiity to the organization to which they |
are to look for their compensation when
disaster overtabes tb en-.
sOME FIGURES.
The efficiency of the present manage.
ment OF the company is demonstrated pY
I. few figures gathered from its traus
actions for the year 1885, which run az
follows:
Losses Sustained ..........$ SIC, 354, 08 |
lO,6l4.l4
These losses were paid IN cash upon
proof OF loss, the policies of the Yank-
ton containing no NINETY days" clause
but promising immediate compensation.
On the 31st OF December, 1885, there
1sas due on losses only S4442 7 and this
was adjusted and paid on the LIST of Jan
uary. The years figures further show:
OF losses to income. IFS per cent.
OF expenses to in
per cent.
Total ..."".......". 500 per cent.
This is a remarkably good showing
n Is IN Itself ample evidence of the
EXCELLENT MANAGEMENT
of the affairs of the company, indicet-
ing careful selection of risks and econo-
my in expenditures.
The premium receipts for 1885 were |
S56, 393.76 and when the care exercised
in assuming risks is taken into consider
alton the showing is e~mineutly salts
factory to all interested in the company.
There exists a surplus to policy holders
o. $76.779.79, after providing for all LA
bl~lities, including the reinsurance re.
serve. Few companies can show SO
small a per cent. of loss and expense.
HOME INSTITUTION.
The Yankton fire insurance company
is o home institution, protected by
homa oapitaI ond ;tg L,,,o