In addition to his ordinary business, and partly in connection with it, Mr. Chapin turned his attention to the question of insurance. It was a favorite maxim with him that the West was able to do its own insurance, and with this idea ever present, he was favorable to the establishment of home insurance companies. Of the Sun Fire Insurance Company, of Cleveland, he was for some years the vice-president, and labored earnestly for its success. Being a thorough believer in the principles of Homoeopathy, as well as an enthusiast on the subject of western insurance, he was a willing co-worker with a number of prominent citizens engaged in the organization of the Hahnemann Life Insurance Company, of Cleveland. The novel character of this company--it being the first of the kind in the United States--is sufficient warrant for a brief statement of its history. It was established in 1865, and numbered among its stockholders such leading business men and substantial capitalists as Wm. A. Otis, George Worthington, William Bingham, Stillman Witt, Selah Chamberlain, Dudley Baldwin, D. P. Eells, M. G. Younglove, and the Hon. B. F. Wade. The leading feature was the offer to insure those whose medical belief and practice were exclusively Homoeopathic, at lower rates than those subjecting themselves to Allopathic treatment. The theory on which this offer is based is, that all the evidence goes to show a lower rate of mortality under Homoeopathic than under Allopathic treatment. The Honorable William Baines, Insurance Commissioner of New York, in speaking of this company in his report, says: "The Hahnemann Life Insurance Company, of Cleveland, Ohio, is the first western company admitted into this State. It starts with a paid up capital of $200,000, one-half of which is deposited with the State Treasurer of Ohio, for the protection of policy holders. The company is organized on a basis of strength and capital, even larger than that required of New York corporations; it reduces the rate of premium to Homoeopathic members." Of this company Mr. Chapin was made president, and in the management of this, as in everything which he undertakes, he infused a large amount of his energy, and made the company a complete success. During the present year his almost undivided attention has been given to the company's affairs, with marked effect on its rapidly increasing business.