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The Prudential Insurance Company of America
| Name | The Prudential Insurance Company of America |
| Ortssitz | Newark (New Jersey) |
| Straße | Market Street 215 |
| Art des Unternehmens | Versicherung |
| Anmerkungen | Versicherung |
| Quellenangaben | [Industries of New Jersey, Essex County V (1882) 682] |
| Zeit |
Ereignis |
| 01.01.1876 |
Gründung |
| Produkt |
ab |
Bem. |
bis |
Bem. |
Kommentar |
| Versicherungen |
1882 |
[Industries of N.J. (1882)] |
1882 |
[Industries of N.J. (1882)] |
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| ZEIT | 1882 |
| THEMA | Beschreibung |
| TEXT | The system of industrial insurance upon the plan practiced by the Prudential Insurance Company of America has been long established and widely extended in Europe. A single company, the Prudential Assurance Company, of London, has issued about 18.000.000 policies, and now has an annual income of nearly $10.000.000. This branch of business was first established in the United States by the Prudential Insurance Company of America, which was organized for that express purpose about January 1st, 1876. The progress of the Company has been year by year steady and healthy, until now - six years from the date of its organization - it has issued more than 400.000 policies, paid over 5.000 claims, and is receiving an income at the rate per annum of more than half a million dollars. The Prudential is the pioneer and only exclusively industrial insurance company in America. Among its officers and directors are some of the most wealthy and substantial men of New Jersey, and the standing of this Company at home may be judged from the fact that out of a population of 140.000 people the Prudential now has more than 45.000 policies in force on the lives of people in Newark. With a cash capital of 100.000, with 100.000 deposited in the custody of the Treasurer of the State of New Jersey as security for policy-holders, with its large and constantly increasing income, with its safe and conservative management, the Prudential offers to the public the advantages of its popular system of insurance coupled with a security beyond question. Its special object is to bring the benefits of life insurance and the opportunity of providing a burial fund within the reach of those who have the smallest incomes or earn the smallest amount of wages. The small weekly premiums are collected by agents at the house or place of business of the assured, and the payment of claims is made within twenty-four hours after the receipt of proof of death. Over 1.000 persons are directly or indirectly employed by the Company, as officers, clerks, medical examiners, superintendents, and agents, yet its business at present is only conducted in the States of New Jersey, New York, and Pennsylvania. The home office occupies the first floor of the fine building No. 215 Market Street, is 25x75 feet in dimensions, handsomely fitted in walnut, and conveniently divided into the various departments, officers' rooms, banking department, etc., while a score of trusty accountants are kept actively engaged with the day's transactions, Mr. John F. Dryden is the President; Hon. Henry J. Yates and Horace Alling, Vice-Presidents; Leslie D. Ward, M. D., Medical Director; Edgar B. Ward, Counsel; Edward S. Johnson, Secretary; John L. Roberts, General Superintendent. The Board is composed of seventeen Directors. |
| QUELLE | [Industries of New Jersey, Essex County V (1882) 682] |
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