The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-09-07

A good illustration OF the growing
Importance of Scranton in the business
world is given by the American
Mutual Indemnity company which
was organized by business men
of this city a little over a
year ago. The company was char
tered under the laws Of Pennsylvania
to do q general casualty insurance bus
mess and on September l, 1897, with
out any fuss or blare of horns. began
business in a modest suite of rooms in
the Traders National bank building.
1t was the intention of the company
to give insurance at the lowest possi-
hle rate and at the same time guaran-
tee absolute safety to the insured and
TO settle claims promptly and fairly
and only to resort to litigation when
absolutely compelled to do so. This
policy has been strictly adhered to and
as a logical result the business of the
company is growing and expanding
inside and outside of the state with
great rapidity.
As an example of the promptness
with which the claims of the company
are settled one case may be cited. rhe
company insures a Utica trolley COM
pany against loss from accidents on
its road Recently two trolley cars
went through a bridge into a canal
and thirty persons were injured, one
fatally. An adjustor was sent to Utica
Immediately and within five days
every case, in which damages were
claimed from the trolley company as
a result of this accident, We're settled.
Long and expensive litigation for the
company and those injured was avoid
ed.
GRATIFYING SUCCESS.
Although the company has been do
ing business only the short space of
one year it's success has been most
gratifying to those interested in it.
1t has made the necessary arrange
ments with the insurance departments
of Tennessee and Georgia to do busi-
ness in these states and proposes to
invade other states in the near future.
The company's charter enables it to
do business in Pennsylvania but be-
fore soliciting business in other states
the rules of the insurance departments
of such states must be conformed to.
There Is nothing to prevent a person
living in another state from sending
business to the local company, but be-
fore the latter can go into another
state to look for business the insurance
department must approve the COM
pany and the guarantee deposit which
it makes.
With a view TO keeping apace with
the substantial growth of the COM
pany which has $4,000 in assets and
all claims paid, to show for it's first
years business, tie company has Sc
cured the services of w. c. Teter who
has been engaged in the insurance
business in the south and in the west.
He will be the special agent of the
com oany and after thoroughly organ
izing the state of Pennsylvania and
establishing local agencies he will do
a similar work in other states. Those
who are interested in the rev COM
pany are confident that the expansion
and development during the next few
years will be marvellous and make
Scranton known far and wide and be
of material assistance also from the
fact that it is the home Office of the
| company.
OFFICERS OF COMPANY.
At the head of the company are the
| following we'll known business men:
Hon. w. w. Watson, president; Elmer
II. laval, Vice-president; f.. p.
Kingsbury, treasurer; I. R. Brooks,
secretary; directors: C. II. Zehnder,
Charles Robinson, r. G. Brooks, w.
w. Watson, Elmer II. laval, E. Z
Kingsbury, Alfred Harvey. A. c. Full
Ter, w. S. Diehl, Or. F. w. Lange and
Il. r. Brooks. If anything was needed
to give the company character for
responsibility these names furnish it,.
As to the kind Of policies the COM
pany issues the following will be of
| interest:
Employers Liability-Insures against
| all liability for damages under the com
| mon law or special statutes, arising from
| any accidents to employees. and pays
| such damages when awarded by the
| courts, together with all costs, incurred
| i'm the deferse of the same.
| Boiler lnsuranceCovers any loss TO prop
| erty of the assured o" others that may
| be sustained bV rpDSOn of pNplOSiOn coll