vTg 1871 RN-R6 Le Roy OHIO Farmers Insurance Company w/vignettes 10¢ revenue AtQ

Description: Genuine original vintage antique United States 1871 RN-R6 Le Roy OHIO Farmers Insurance Company w/vignettes 10¢ revenue imprint . Also has President of OHIO Farmers Insurance Company signature, James Johnson at lower right corner. Excerpt below from: www*encyclopedia*com/books/politics-and-business-magazines/westfield-group Fifth President Beginning 42-Year Tenure in 1870 In 1870 James C. Johnson became Ohio Farmers' fifth president. A lawyer and former speaker of the Ohio House of Representatives, he would serve as president for 42 years until his death at the age of 93 in 1912. He saw the company through the panic of 1873 and ensuing five years of depression. Despite a significant loss of business during this period, in 1877 he led Ohio Farmers into neighboring Indiana, marking the first time the company ventured outside Ohio to do business. Within a matter of years it was operating in more than a dozen states. It was also during this period that Ohio Farmers first began using a picture of a bearded farmer sitting on a fence as its logo, a variation of which is still used today. By 1891 the company reached the $1 million mark in direct premiums. Two years later another of the periodic economic panics gripped the nation, followed by a four-year depression. Ohio Farmers also had to contend with a series of heavy losses, including a major fire in Milwaukee, and a $300,000 investment in bridge bonds that were falsely rumored to be worthless. Many policyholders lost faith in the company and either canceled their policies or opted not to renew them. Johnson met the matter head on, stuffing a satchel with cash and taking to the road in his horse and buggy to personally pay out claims on the spot in crisp, slick greenbacks. Word of his visits got around, confidence was restored, and policy renewals began to trickle in. Small piece missing at left. Folded, otherwise great shape. Please INSPECT ALL images for FULL details.Satisfaction guaranteed! California residents sales tax is required, other states Ebay may add sales tax as well. Due to ₵ovid-19 pandemic, I have increased my handling time from 1 day to 10 days. The item will usually ship on the same day that it is paid for. I did this so your estimated delivery shown will allocate for the pandemic delay, if any. I have purchased items recently on Ebay that have taken over a month to arrive. PLEASE if you have not received your item within the time frame shown, send me a message thru Ebay, and I will take care of it for you. You will not need to open an Item Not Received Case with Ebay! BTW, in 2020, I sent a flat rate USPS Priority Mail package to Spain on March 13, they received the item on June 12th, 2020!

Price: 432.95 USD

Location: Los Angeles, California

End Time: 2024-12-17T21:54:09.000Z

Shipping Cost: 6.95 USD