This petition for the formation of the Atlantic Insurance Company was sent to the representatives of the city and county of Philadelphia on March 10, 1824. The petition asked for these representatives to consider the needs of “a very large portion of our mercantile community” and support the formation of “a new institution, founded, supported and managed by men in active commercial business.” The petitioners asked that their proposal be considered before the end of the session, so that no business would be lost in the meantime. The petition is closed with ten signatures. Soon after the petition, in April of 1824, The Atlantic Insurance Company was organized as a marine insurance company.
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