Scan 2
Brooklyn City and Business Directory for the year ending May 1, 1869, 1869
33 lines. Read by computer on 29 September 2026. No printed page number was found. See the scan on archive.org.
1FIRST CLASS FIRE INSURANCE.
3Market Fire Insurance Co.
537 Wall Street, New York, January 14th, 1868.
7Condition of the Company January 1st, 1868.
9Capital Stock, $200,000.00
10Total Assets, – 509,684.89
11Actual Surplus, 279,160.15
13Being nearly One Hundred and Forty per cent. (140) on the Capital.
15The BOARD OF DIRECTORS have this day declared the usual Semi-Annual Interest Dividend of Three and One Half per Cent., Free of Government Tax, payable on demand.
17In presenting the Annual Statement of the Company, the Officers have pleasure in pointing to its favorable condition, and congratulating its Stock Holders, Policy Holders, and friends generally, upon the satisfactory results of the business of the year just terminated.
19Extract from the Annual Report to the Superintendent of the Insurance Department:
21The Scrip issued by this Company, for accumulated or reserved profits, can in no sense be a present or even a prospective liability, except in the following contingency, which is the terms of its issue, viz: The Scrip Fund shall exceed Five Hundred Thousand Dollars, the Board of Directors shall thereafter apply the excess thereof annually towards the redemption of the Scrip, commencing with that earliest issued.
23The Scrip Fund, standing on that condition, is a clear, unfettered, inalienable indemnity to the Policies—as much so as the Capital.
25The sensible and frank avowal of the Great National Board of Underwriters, and also of the Boards of this and other cities, that our Policies on the "participation plan" are better Insurance—worth ten and twenty per cent. more—than the Policies of the Non-Participating Companies (being "iron-clad," as it were, by the large Scrip Fund), has had the beneficial effect to largely increase the business and prosperity of the Company—thereby extending its usefulness and advancing the interest and security of its Policy Holders.
27The Company will continue, as heretofore, to Insure respectable parties against Disaster by fire on the Participation Plan, or "in the Old Fashioned Way," as may be agreed upon. The prompt and liberal adjustment of losses, when "fair and square," will also continue the speciality of the Company.
29HENRY P. FREEMAN, Sect'y. ASHER TAYLOR, Pres't.
31WYCKOFF & LITTLE, AGENTS,
32No. 151 Montague Street, near Court, Brooklyn.
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