OCR Text |
Show A VERY BAD COLLAPSE. The Cnniollriat.d Mutual Fire Insurance Company, or Chicago, Fall.. Chicago, Jan. 81. The Consolidated Mutual Fire Insurance company of this city, assigned today. On its face the failure appears to be a very bad one. as the schedule of assets is but $13,205. while the liabilities aro $100,000. The officers of the company aud its attor ney claim that the failure is due almost al-most solely to what thev term the arbitrary arbi-trary and unwarranted rulings of the state auditor, C. W. Pavey, whom they say is determined to drive "mutuals" out of existence. The company was organized eighteen months ago and succeeded in consolidating the tire insurance in-surance companies, and since its organization orga-nization has done a big business, it is asserted. |