_THE AMERICAN_ _INVESTMENT CO._ OF EMMETTSBURG, IOWA, with a PAID-UP CAPITAL of $600,000, SURPLUS $75,000, offers First Mortgage Loans drawing SEVEN per cent., both Principal and Interest FULLY GUARANTEED. Also 6 per cent. ten-year Debenture Bonds, secured by 105 per cent. of First Mortgage Loans held in trust by the MERCANTILE TRUST COMPANY, New York. 5 per cent. certificates of deposit for periods under one year. 7⅔% CAN BE REALIZED BY CHANGING 4 Per Ct. Government Bonds Into 6 Per Cent. Debentures. Write for full information and reference to the Company at 150 NASSAU STREET, NEW YORK. A. L. ORMSBY, Vice-President and Gen. Manager. * * * * * STATEMENT. PHENIX INSURANCE COMPANY OF BROOKLYN, N.Y. JANUARY 1st, 1887. CASH CAPITAL $1,000,000.00 GROSS SURPLUS 4,383,171.68 ————————————— Gross Assets $5,383,171.68 ============= ASSETS. United States Bonds, market value $1,104,250.00 Other Stocks and Bonds 1,502,858.90 Loans on Bond and Mortgage 294,900.00 Loans on Call 80,758.76 Cash in Bank and Office 495,135.83 Real Estate 1,082,787.53 Premiums in Course of Collection 667,231.88 Interest Accrued 11,716.42 Bills Receivable for Marine Premiums 140,284.55 Rents Due and Accrued 3,247.81 ————————————— $5,383,171.68 ============= LIABILITIES. CASH CAPITAL $1,000,000.00 Reserve for Unearned Premiums 3,466,886.97 Reserve for Unpaid Losses 353,759.83 All Other Liabilities 5,438.10 NET SURPLUS 557,086.78 ————————————— $5,383,171.68 =============