The Chicago Foreign Language Press Survey was published in 1942 by the Chicago Public Library Omnibus Project of the Works Progress Administration of Illinois. The purpose of the project was to translate and classify selected news articles that appeared in the foreign language press from 1855 to 1938. The project consists of 120,000 typewritten pages translated from newspapers of 22 different foreign language communities of Chicago.

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You are looking at one result from the German group.
This group has 7091 other articles.

This article was published in 1890.
417 articles were published that year.

This article has a primary subject code of "Industrial and Commercial" (II A 2).
1891 articles share this primary code.

  • Illinois Staats-Zeitung -- January 17, 1890
    German Mutual Fire Insurance Company.

    The German Mutual Fire Insurance Co. held its annual meeting, yesterday, at Folz's Hall, corner North Avenue and Larrabee Street. The majority of its 1,700 members were present. The proceedings were cordial and very pleasant. The last biannual financial report of Christian Zuber, the treasurer, contains the following information:

    Dec. 31st, 1889.

    Cook County Bonds, yielding 5% $3,000.00
    Chicago City " " 4½% $4,500.00
    " " " " 4% $43,500.00
    " " " " 3.65% $3,000.00
    Cash $5,379.98

    Total $59,379.98

    2

    During the last six months the risk-rate was diminished by accepting insurance valuations of $700.00; a diminishing of premium notes amounting to $52.50, and an increase through net-receipts that produced $3,082.31.

    The financial condition, according to Dec. 31st, figures, shows the following:

    Liabilities to cover all accepted insurance policies, $2,980,000.00
    Capital, in the possession of the company and covered by premium payments $ 223,545.63
    Cash funds in bonds and money $ 59,378.98

    The expenditures of the large company have been very nominal during the preceding year, only $1,004.00 has been paid for actual damage by fire and a little more than $1,300.00 for current expenses. The net profit of $3,000.00 will be used for an initial fund, which is to be used for the erection of its own office building.

    Election results: Mathias Schmitz, President.

    The company received a petition, signed by fifty respected German citizens from 3the Fullerton to Belmont, and Ashland to the Lake district, requesting the insurance firm to open a branch office. A committee of ten will take the matter under advisement.

    German
    II A 2, II D 2