NOT SOLD (BIDDING OVER)
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This item WAS NOT SOLD. Auction date was 2010 Aug 16 @ 11:00UTC-4 : AST/EDT
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Manuscript Document. Three pages, 7 7/8” x 10”. Philadelphia. March 10, 1824. . The document reads, in part: “ … We take the liberty to address you on behalf of a very large portion of our mercantile community, by whom we have been named as a committee of correspondence and whose views and wishes we represent. On your files is a Bill, having for its object the incorporation of the Atlantic Insurance Company. We and those whom we represent begin to fear that the approach of the close of the session may be an obstacle to its passage … The City of Philadelphia and the adjoining districts of Southwark and the Northern Liberties are equally interested in its success … We beg leave to mention that it is not merely the loss of the money paid for premiums which we feel - but the commission, and importing business of our district suffers not inconsiderable from the same cause … In fine, every way we feel the want of a new institution, founded, supported and managed by men in active commercial business- and we address ourselves to you earnestly to upohold the effort which has been made to establish one … ” Usual folds. Extremely Fine. This petition did not fall upon deaf ears, and The Atlantic Insurance Company was organized in April of 1824 to deal in maritime insurance.
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