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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