The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-12
MINNEAPOLIS men
IN FIRE INSURANCE.
AMERICAN FIRE & MARINE
READY FOR BUSINESS.
New Organization Starts with Paid Up
Capital and Surplus of $75O,0oO and
Is Backed by Ablest Active Finan-
ciers in Northwest %. w. Higley Of
Chicago Is President.

The American Fire & Marine Insur-
ance company of Minneapolis, an or
gan1lzation with capital Of 100000
and a surplus fund of $250,o00, ali paid
up IN cash, will begin business early
in 1907. It is backed by substantial
banking and business interests and will
operate thruout the United States on
tariff lines.
Charles W. Higley, who resigned yes
terday as western manager Of the Han
over Fire Insurance company at Chi
cage, will be president and manager
OF the Minneapolis company. Fred A.
Hubbard, assistant manager of the
western department of the Hanover,
will be secretary and treasurer. V. M. G.
Nelson Of the Chicago office of the
Hanover will be cashier.
Inc stock subscriptions of the Amer
lean company and arrangements for or
gan1zatlon were completed last week,
but announcement has been deferred
until MI. 'Higlev could present his
resignation to the Hanover company,
which he did yesterday in New York.
He will take up his duties and become
resident of Minneapolis again when
released from his charge at Chicago.
Men on Directory.
The new Minneapolis company will
start IN business at time that is re-
garded as most suspicious. Behind it
will be many leading men of Mime
apoiis and the northwest, who will be
stockholders and directors, together
with several Chicago men we'll and fa-
cles. -. -
The first board of directors will be
made up as follows: John Lind, former
governor of Minnesota; Horace M. Hill
OF Janney, Semple, Hill & Co.. whole
sale hardware; E. G. Warner, president
Midland Linseed company; F. H. Well
come, president Union Investment COM
Pany; F. M. Prince, president First
National bank; John D. Mcmillan, pres
1dent Empire Elevator company and Of
Osborne Mcmillan Elevator company
q. T.. Jaffray, vice president First Ma
tional bank; g. F. Piper, vice president
Chamber Of Commerce; G. S. Pillsbury,
capitalist; Arthur R. Rogers, president
Rogers Lumber company; 8. A. Harris,
president National Bank of Commerce;
Charles w. Higley, president; F. E.
Kenaston, president Minneapolis
| Threshing Machine company; o. A.
| Robertson, president Northwest Colon
ization company, st. Paul; j. L. Wash
burn, attorney, Duluth. 49,. T.
The New President.
Onarles w. Hlgley is regarded as one
OF the youngest and most promising of
the Chicago underwriters. In the last
SIX years he has more than doubled
the. premiums of the Hanover Fire In
surance company in the west. He en-
tered the fire insurance business in
Minneapolis with the board Of under
writers, going into the field in 1890 for
the New York Underwriters. Of which
the Hanover was a part. When the
Hanover Fire Insurance company
opened its western department in 1894,
MI. Higley went with it as special
agent in Wisconsin,, Minnesota, North
and South Dakota. AS a result Of his
success in that field he was made as
sistant general agent in 1900, and gen
eral agent in 1902, with Headquarters
at Chic ago. He has been active in un-
derwriting organizations and is now
serving, as a member Of the governing
Fred A. Hubbard, secretary and
treasurer, is a son Of A. +. Hubbard,
and after service with the western de-
partment Of the Sun of London, he
went with the Hanover in 1894. He
rose thru all the desks to assistant
manager in 1902, having served in the
meantime as state agent in Indiana,
kentucky, Michigan and Illinois. At
present he is in San Francisco, where
he has been in charge of the settlement
OF the Hanover's losses.