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American Insurance Company of Newark
| Name | American Insurance Company of Newark |
| Ortssitz | Newark (New Jersey) |
| Straße | Broad Street 746 |
| Art des Unternehmens | Versicherung |
| Anmerkungen | Versicherung |
| Quellenangaben | [Industries of New Jersey, Essex County V (1882) 704] |
| Zeit |
Ereignis |
| 1846 |
Gründung (eingetragen) |
| 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 American Insurance Company occupies a prominent position among the leading fire insurance companies of the United States and affords that protection and security against loss by fire guaranteed only by the most reliable organizations of this character. It was incorporated in 1846, the charter being perpetual, and from that time has always enjoyed the confidence of the community and the merchants and others of various sections of the country where it has established agencies. It is one of the oldest and also one of the strongest companies in the country, and as an evidence of the progress it has made the following table is appended, showing the assets of the Company during a period of twenty years, the date being January of each year: 1863: 331.854; 1864: 368.091; 1865: 408.873; 1866: 470.242; 1867: 535.401; 1868: 620.118; 1869: 705.598; 1870: 807.608; i871: 910.405; 1872: 1.015.676; 1873: 1.064.988; 1874: 1.107.177; 1875: 1.166.986; 1876: 1.241.506; 1877: 1.303.245; 1878: 1.352.508; 1879: 1.431.807; 1880: 1.453.588; 1881: 1.488.050; 1882:, 1.538.378. Under its able management the Company has pursued a course of pronounced thrift, as will be noted from the above table, when in 1863 the assets were but 331.854, and in 1882 increased to 1.538.378, being the largest of any fire insurance company in the State. The officers and directors are among the most substantial business men of Newark, and include as chief executive, Stephen G. Gould; vice-president, Elias O. Doremus ; Fred. H. Harris, secretary, and besides the above - Lewis C. Grover, executive counsel Mutual Life Insurance Co.; David Campbell, tobacco manufacturer; Thomas B. Peddle of the firm of T. B. Peddie & Co., trunk manufacturers; Charles H. Lighthipe, president of the Orange National Bank; Jeremiah Baker, of Madison, N. J. ; Henry C. Howell, of T. P. Howell & Co., leather manufacturers; Edward G. Faitoute, of E. G. Faitoute & Co., coal merchants, and William Clark, of the Clark Thread Co., as the Board of Directors. The business of the American Insurance Company is among the heaviest of any company in the State, a circumstance showing in the most expressive language the degree of confidence in the ability of its management. The building of the Company on Broad Street is a magnificent stone structure four stories in height, and is one of the most imposing edifices on that thoroughfare. |
| QUELLE | [Industries of New Jersey, Essex County V (1882) 704] |
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