About: Consolidated Indemnity and Insurance Company

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Consolidated Indemnity and Insurance Company was a Hartford, Connecticut-based firm which became insolvent during the Great Depression. The corporation is important because it employed executives who were formerly directors of significant business concerns of New York City, in the early 1930s and before. Consolidated Indemnity and Insurance Company was organized in October 1928 with a capital of $2,500,000 and a surplus of $7,300,000. Among its fifteen directors were Saul Singer, vice-president of the New York Bank of the United States and C. Stanley Mitchell, president of the Central Mercantile Trust Company. Its president was John F. Gilchrist, chairman of the Tate Transit Commission. Gilchrist was a close personal and boyhood friend of Alfred E. Smith.

Attributes	Values
rdf:type	Thing company schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Organization Business enterprise album organisation
rdfs:label	Consolidated Indemnity and Insurance Company (en)
rdfs:comment	Consolidated Indemnity and Insurance Company was a Hartford, Connecticut-based firm which became insolvent during the Great Depression. The corporation is important because it employed executives who were formerly directors of significant business concerns of New York City, in the early 1930s and before. Consolidated Indemnity and Insurance Company was organized in October 1928 with a capital of $2,500,000 and a surplus of $7,300,000. Among its fifteen directors were Saul Singer, vice-president of the New York Bank of the United States and C. Stanley Mitchell, president of the Central Mercantile Trust Company. Its president was John F. Gilchrist, chairman of the Tate Transit Commission. Gilchrist was a close personal and boyhood friend of Alfred E. Smith. (en)
foaf:name	Consolidated Indemnity and Insurance Company (en)
name	Consolidated Indemnity and Insurance Company (en)
dcterms:subject	Financial services companies established in 1928 Financial services companies disestablished in 1934 Former mutual insurance companies American companies established in 1928 1928 establishments in Connecticut Insurance companies of the United States Companies based in Hartford, Connecticut 1934 disestablishments in New York (state)
Wikipage page ID	20646995 (xsd:integer)
Wikipage revision ID	959715493 (xsd:integer)
Link from a Wikipage to another Wikipage	Virginia Maryland Financial services companies established in 1928 Financial services companies disestablished in 1934 Former mutual insurance companies American companies established in 1928 1928 establishments in Connecticut West Virginia Albany, New York Bank of United States Reconstruction Finance Corporation Hartford, Connecticut Tennessee Insurance companies of the United States Companies based in Hartford, Connecticut 1934 disestablishments in New York (state) Kentucky District of Columbia Great Depression Alfred E. Smith New York City New York State New York State Insurance Department New York State Supreme Court New York Bank of the United States
sameAs	Consolidated Indemnity and Insurance Company Consolidated Indemnity and Insurance Company Consolidated Indemnity and Insurance Company
dbp:wikiPageUsesTemplate	dbt:Infobox_company
area served	Virginia District of Columbia (en) Kentucky (en) Maryland (en) Tennessee (en) West Virginia (en)
founded	October+ 1928 (en)
hq location	Hartford, Connecticut (en)
key people	C. Stanley Mitchell (en) John F. Gilchrist (en) Saul Singer (en)
has abstract	Consolidated Indemnity and Insurance Company was a Hartford, Connecticut-based firm which became insolvent during the Great Depression. The corporation is important because it employed executives who were formerly directors of significant business concerns of New York City, in the early 1930s and before. Consolidated Indemnity and Insurance Company was organized in October 1928 with a capital of $2,500,000 and a surplus of $7,300,000. Among its fifteen directors were Saul Singer, vice-president of the New York Bank of the United States and C. Stanley Mitchell, president of the Central Mercantile Trust Company. Its president was John F. Gilchrist, chairman of the Tate Transit Commission. Gilchrist was a close personal and boyhood friend of Alfred E. Smith. The insurance firm opened division offices in Virginia, Kentucky, Maryland, Tennessee, West Virginia, and the District of Columbiain August 1929. In July 1931 a suit was initiated by New York State against Consolidated Indemnity to recover $600,000 on a bond guaranteeing the state deposits in the insolvent New York Bank of the United States. Following a decision of the Appellate Division of the Third Department, the trialproceeded to the New York State Supreme Court in Albany, New York. The business merged with the Transportation Indemnity Co. of New York in May 1932. Capital of the combined corporations was $800,000. Liquidation of Consolidated Indemnity was carried out by the New York State Insurance Department in 1934. The business tried unsuccessfully to obtain a loan from the Reconstruction Finance Corporation. At the time of its failure the company possessed a total of $33,231 free cash and a debt amounting to $400,000. (en)
gold:hypernym	Hartford
prov:wasDerivedFrom	wikipedia-en:Consolidated_Indemnity_and_Insurance_Company?oldid=959715493&ns=0
page length (characters) of wiki page	3438 (xsd:nonNegativeInteger)
founding year	1928-01-01 (xsd:gYear)
region served	Virginia Maryland West Virginia Tennessee Kentucky District of Columbia
foaf:isPrimaryTopicOf	wikipedia-en:Consolidated_Indemnity_and_Insurance_Company
is Link from a Wikipage to another Wikipage of	Consolidated indemnity and insurance company New York State Insurance Department
is Wikipage redirect of	Consolidated indemnity and insurance company
is foaf:primaryTopic of	wikipedia-en:Consolidated_Indemnity_and_Insurance_Company

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