Semi Centennial Celebration of the Franklin Fire Insurance Company of Philadelph

Cover Semi Centennial Celebration of the Franklin Fire Insurance Company of Philadelph
Semi Centennial Celebration of the Franklin Fire Insurance Company of Philadelph
Franklin Fire Insurance Company of Philadelphia
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Whole amount paid since 1831, $3, 767, 016.
From this summary we learn that during each year since 1831 the " Franklin, " without a single exception, has paid an annual dividend, the yearly average during that time being TWENTY PER CENT. It is doubted if 22 SEMI-CENTENNIAL CELEBRATION OF THE there exists a corporation anywhere that can make such an exhibit. It shows the wisdom of a moderate capital, supplemented by a large surplus, carefully guarded by the directors to meet heavy losses when th
...ey every noyiLand then occur.
It is a matter worthy of note to relate the large fires in Philadelphia in which the Company paid over $25, 000.
DATE.
LOCALITY, ETC.
LOSS PAID.
May 21, 1836.
Front Street below Chestnut. Stores.
$34, 428. 95 Oct. 4, 1839.
Front and Chestnut Streets. Stores.
44, 955-37 July 9, 1850.
The " Great Fire, " originating in Brock's stores, in Water Street near Callow- hill. 300 buildings destroyed. Loss, $1, 500, 000.
94, 123. 96 Dec. 27, 1851.
N. E. Cor. Of Sixth and Chestnut Streets.


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