Democratic Sentinel, Volume 3, Number 8, Rensselaer, Jasper County, 4 April 1879 — Important to Farmers. [ARTICLE]

Important to Farmers.

In these days, when a business man, be he merchant, farmer, or aught else, sits down and deliberately counts the cost of running his business or farm, insurance is a very important item in his calculation, and naturally he asks himself, Where will I find a company offering the best inducements, combined with perfect security? Amongst the many annual reports made to insurance departments, in compliance with law, by the various insurance companies of our country, we would notice the twentieth annual statement of the American Insurance Company of Chicago, which shows a degree of solvency and volume of business most highly gratifying and satisfactory. In the States of Illinois, Missouri and Indiana, its cash receipts for premiums during the year 1878 are in excess of any other company doing business in said States. Of the twelve companies reporting to the Illinois department whose premium receipts exceed $75,000 for 1878, the following is the list in order of receipts: American, of Chicago, rac’d $201,822.65 Home, 44 New York, “ 181,412.90 2Etna, 44 Hartford, 153.82U.42 Hartford, 14 Hartford, 44 162,060.87 Rockford, 44 Rockford, 44 132,865.00' Phoenix, 44 Naw York, 44 125,824 22 Traders’, 44 Clii-ago, “ 117.301.00 Phoenix, 44 Hartford, 44 97,953.16 Continental. 44 New York, 44 94.492 58 Fire Association, 44 Phila.. 44 9L 416.99 Agricultural, 44 W’atertown, ‘ 83,935.02 Springfield, 44 Mass., 75,460.53 When it is understood that the American confines its business to the insurance of dwelling-houses, private barns, their contents, farm property, churches and school-houses—writes no policies in any of the large cities, and insures but $5,000 in any one risk—the immense number of patrons of this old “farmer’s company ” is easily comprehended. It has nearly 150,000 policies in force; has cash assets amounting to $912,763.62; cash surplus, as regards policy-holders, $502,386.13; has done business twenty years, and we say, therefore, to our readers, most emphatically, the American is a safe company in which to insure your homes.