Democratic Sentinel, Volume 14, Number 3, Rensselaer, Jasper County, 7 February 1890 — AN ENTERPRISING CORPORATION. [ARTICLE]

AN ENTERPRISING CORPORATION.

“ Has Agents Everwher*.** The Phenix of Brooklyn is one of the wonders of fire'insurance, and one of the famous companies of the world. Its rapid rise in popular favor is without parallel. The familiar sign, “The Phenix of Brooklyn Has Agents Everywhere," while apparently exaggerative, is almost literally true, so far as the United States is concerned. Should the reader, no matter whom or where, wonder whether the company is represented in his place, he has only to make an inquiry “down-town” to be convinced. Its agents t. re workers. The Phenix moves, and this in part explains its success. Another explanation is that it is as prompt and ective in the settlement of losses as in the pursuit of premiums. The headquarters of the company’s Western and Southern department are 10-, cated in its own building at Chicago. In the West and South it does a business as large as, if not larger than, that of any other company. In farm insurance it leads. List year, its premium receipts in’ this territory were over $2,4110,000. “Nothin’? succeeds like success." During 1889, this company materially strengthened its assets and net surplus, its funds now aggregating over $4,780,000. The company was the first to pay a loss resulting from the Chicago fire. It paid $425,000 to sufferers from that disaster and $450,000 to Boston ths yaa? following. A Since its organization in 1853, the Phenix has paid losses representing nearly thirty-eight times its present cash capital, the total payments being $37,720,621.60. The relief afforded by the redistribution of this vast amount among the people cannot be accurately determined. It has supplemented credit, promoted trade, and fostered all industries. Great numbers of commercial establishments have thus been enabled to substitute the new for the old, while a still greater number of private homes have been restored from their ashes and ruins.