Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-03-22
The Liverpool and London and Globe To-
snrsnce Company.

I
OF Insurance. February Is, 1891
The above-named company Is one OF
the oldest. and it is the largest ana
strongest. insurance company in the world.
Organized in iS36. II speedily secured
large volume OF business In England and
throughout Europe. and in the course of a
few years was strong enough to include
the entire civilized world in its compre-
hensive scheme for furnishing trustworthy
insurance to property-owners. IL made It's
first appearance IN this country in ls4s, es-
tabhshing q branch agency in this city,
and by degrees extending its operations to
every State in the Union. In those early
days property-owners were often skeptlcal
as to the indemnity furnished by the small
companies then struggling to obtain n
place. and the Liverpool and London
Globe quieted their anxieties by offer
ing their policies that were well
known 10 be abundantly secured by
an immense volume OF assets. The gen
eral theory upon which this company
has conducted It's transactions is that by ex-
tending its business over the entire globe
they would be able to secure an average
upon all classes or risks and secure vol
ume of premiums that would protect the
company from any extraordinary losses
that might occur in particular locality
For instance. at the time of the great Chi
cago fire the company lost Sg. .239, 09l, and
by the Boston fire the following year
81, ,427, ,29O. Its expenditures in these two
years exceeded its income derived from the
United States by S2.7l0,650. The success
full business transacted by the company.
however. in other countries and its large
accumulated assets enabled the home Of
fee TO promptly make good the excessive
losses in this country. which they did by
forwarding an amount of funds sufficient
not only to make good the losses. but to
add greatly to its assets IN this country.
BY this action the Liverpool and London
and Globe gained additional fame IN
this country. This was q period when
II was difficult for prOper'y-owners to
understand whether the policies they held
really gave insurance, and the prompt
manner IN which the Liverpool and Lon
don and Globe met its claims gave the
company prestige which increases, II
anything. as the years pass by. Indeed,
the company has acquired worldwide
reputation for the promptness with which
it paws its losses, aud for the liberallty
displayed towards its policy-holders. We
have said that the Liverpool and London
and Globe is the largest and strongest
company, because the last home oftice
statements of the foreign companies on
file In this country show that 1t continues
TO possess the largest assets, net surplus,
ard income Of all the offices dong nre
business. Agents of the company are sble
to secure business upon the company,s re-
putation in this respect, for the public -
a great respecter of financial strength and
the prestige of large assets and. added
TO this, has well tested the strength ana
liberalty of the company during the
forty-four years of work in this country.
Asto its assets IN possession OF the United
States branch. we find that the total funds
in this country amount, at the present
time, TO 81 1862. .s47--an increase OF S405.
over its assets of the previous year. The
surplus over all liabilities amounts To
y, ,s86, ,221. The income OF the United
States branch last year amounted to
S5, ,O3l 1893. and its expenditures to $4.6l9.-
1873. It's net premium receipts last year
were -. .sl3. .522. Since 1t entered this coun.
try in lslS 1t has paid losses amounting "a
the enormous sum of S52, ,740. .04S. The com.
many has been admitted to do business il
nearly every State. and has large and Ell
fective corps of field men working for It
That this force is active and pushing Is in
| dicated by the immense volume of pro
miuins taken last year as shown above
which Is an increase Of over S30O,0O0 owe
| the premiums received IN the preyiou
year. The managers OF the various de
| tHftLleUIS lULD Wnitu ADt tflibtu Dbhsf
| branch is divided are committed TO cor
rect practices in fire underwriting. and tn
| company commands the services Of tn
| best agents everywhere.
The resident manager of the company i
Henry W. Eaton, Who has long been identl
| fed with the New York office of the com
pany, and upon the retirement of j. T.
Pulsford Mr.. Eaton was at once appointe,
~ his successor. His success IN the man
agement of the company has been pro
nounced George w. Hoyt. the deput
manager. Is also an underwater OF practl
| col experience. and IL an able assistant 4
| MIR. Eaton. In accordance with the law
| Of this State the company has Board o
| Directors in New York which is composet
at present of the following well-knowl
| citizens: Charles II. Marshall chairman
| John A. Stewart. John Crosby Brown. j
| T.. Pulsford, and Edmund ID. Randolph
| The company occupies large and commo
| dious offices at As william street. where
large force of employees are engaged Il
various capacities IN handling the iminens
| volume of business transacted by thi
| company.
In addition to tho large assets held b
trustees In this country the company ha
| invested tor account of its home ofiic
| about s., ,000. 900 in the securities OF first
| class railroads Of the United States.
The stock of the company. "a per shar
paid up, has been selling OK late at EAT.
| The company Is represented here b
Messrs. Davenport X Co.. general agents