Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-03-31

that The sworn statement which was fled
with Commissioner Fowler Is correct in
every particular.
Deputy Attorney General Cooper, who
was retained rs counsel for the company
nj first, and who began TO work in its be-
half, stated in Dover yesterday that he
would not defend 1t in any suit which
might be brought against 1t by the State.
LICENSE REVOKED.
Insurance Commissioner Fow.er some
time ago refused to renew the licenses Of
the United States Mutual and tho Fidel-
ity Mutual Fire Insurance Companies of
Philadelphia, and since he took this ac-
ton with the United States Co. ii has
suspended. He also revoked the author
ity of the Peninsula Mutual Relief As
ISOLATION of Baltimore, and the company
has since gone out of business.
STATUS OF THE CHICAGO CONCERN.
specia onrreanau i"rrr NJ sway a,sn'ne.
Chicago, ILL.,. March 29.--The CONNER
cial Fire Insurance Co., of Wilmington.
whose assets are being investigated by
Commissioner Fowler, although not IL
censed by the Insurance Department o!
Illinois, is represented in Chicago. The
ants, however, claim that they do not
write policies insuring property located
| in this stntc, and so avoid prosecution
| by the authorities
The company is represented by ]. r..
| Wilson and George NJ. Mayer. who do
business under the name of Wilson &
Mayer. Both parties are stockholders
of the Commercial, and siGners of the
$4,000 notes held by the Peoples Bank
Of Philadelphia. When the appointment
was made, the lntcr-Ocean had this to
say of the company: a.......
"Wilson & Mayer, No. 1913 LaSalle
street, the managers of the American
Trust and Insurance Co.. a concern which
is not admitted to amy State. but writes
considerable fire insurance, however, even
| though not responsible to any Insurance
| Department, are now out with circular
announcing their appointment MS general
agents of the Commercial Fire Insuranc,
Co, Of Wilmington, Del, which evident;
is of the same ilk as the other companie.
NOT authorized to do business in Illinois
II nurports to have $4,000 cash and
$4,000 stockholders notes subject IL
call The officers are Amos Cole, pres
idcnt, and IL. l.. Sherman, secretary
Among the directors are noted the name.
of ]. X. Wilson, Of Wilson & Mayer
heretofore mentioned. and j. Fl. West.
over, n lawyer of this city, who was
once interested in the old charter OF iit
Bloomington Insurance Co. with vii
son." ....
The Commercial Fire Insurance Co
claims to have n deposit of $4,000 will
the American Trust Co. of Chicago. The
American Trust and Insurance Co., .,
which Wilson and Mayer are managers
has no legal status in the State Of Illinois
Superintendent j. II. II. Van Clcavn, il
the 2Dth annual report of the Insurance
Department of the State of Illinois, says
This department is in receipt of amos
daily inquiries concerning the so-calIr,
American Trust and Insurance Co. an,
the British and American Fire Insurauc,
Co. of London. hea quarters in Chicago
The American Trust and Insurance Co
Claims to he n corporation, but no cvi
dence of such claim can be found in an,
department in this State; it makes II,
report to this department, refusing TO d.
SO on he ground that it does not writ
policies on property in this State" Tn
superintendent said further that lega
proceedings would he Immediately insti
tuted against the company if it should h
proven that they issue policies on propert
situated in Illinois.
The insurance commissioners of othe
States have also issued warnings ngains
this company. Quite recently Commits
soner Campbell of Michigan issued eli
cular letter warning the citizens of Mich
. igan against insuring in the company
In April, 1897, the Chicago correspondent
Of Rough Notes, an insurance journa
published in Indianapolis, had this t
say of the company:
. THE American Trust and Insuranc
Co. of Chicago has recently been sendin
out circular letters soliciting surplus line
and several Eastern friends have writ
ten for information as to the standin
Of the company. Superintendent of Ii
siirance Durfee makes this report: 'Th
: American Trust and Insurance Co. doe
not report to this department. 1t has n
/; authority to do business in Illinois. an
f | can give you no information in regar
to its financial condition. This stat,
, mcnt should be sufficient ground for lea,
! ing the concern alone. An agent wit
, any regard for his honor or the interest
of his customers. should have no dealinl
4 |
I does not comply with the laws of tn
+, State it claims as its home.
l THE American Trust and InsuranC
o Co. advcrtises a paid up capital of 500
n 600, acts as trustee, guarantees titles an
/. accounts, issues bonds Of indemnity an
d policies of insurance. The officers al
W. h. Langley, president; Fred /
e White. secretary, and james Wilson
t manager and general agent.
1 Mr.. Wilson's name does not appef
: on the printed matter, but he is king bt
+ in the push President Langley is mo-
+ est, and frankly admits that he know
= nothing about insurance and refers yC
) to Manager Wilson. Company incop
h rated under laws of IllinoisT No. r
G piled this knowing official; hut you 5,
n Mr.. Wilson; he'll tell you all about II
( Licensrdr No, but see Mr.. Wilson
|, Mr. Wilson did not extend the usu;
a glad hand He seemed somewhat ST
= when talking about the company. +
j. said il operated under n charter grant
@ in 1865. There were 81 insurance cha
Q tiers granted in February of that yea
II so this may be accepted as II fact. !
Q said the company had assets amounting
o $15S,4T2.09, and proved it by prcsentii
!: financial statement, printed on the bat
@ Of n business card 'Directorsr &C
G yes, five; Mr.. Langley, Mr.. White M
r other prominent mon. That is clear al
r, explicit information. Does anyone co
d template placing business with this cor
s rany want further information as to Il
n standing of the American Trust and
surnnce Co. of Chicago =
II -------ss-----
d Sons of Delaware.
if The Sons of Delaware entertainer