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Show II FIRE OF 'FRISCO SWAMPED BY LOSS Great Disaster of Last April Proves More Than (joni-nany (joni-nany Can Stand. SAN FRANCISCO, July 22. It Is announced an-nounced by President W. J. Dutton of the Home PI re and Marine Insurance company com-pany that that concern will wind up its affairs and go out of business. The Home Fire nnd Marino is. owned by tho old Firemen's Fund Insurance company, both Callfornlxi corporations. Dutton is president of both. The Firemen's Fund was crippled by the April conflagration and a new corporation cor-poration callod the Firemen's Fund Insurance In-surance corporation, was formed to tako over Its outstanding business. An effort was mado to keep tho business of tho Homo Fire and Marino going by transferring trans-ferring to It $GOO,000 of tho assets of tho' old Fireman's Fund, but this plan did not avail. Tho old Fireman's Fund being In liquidation, liqui-dation, It has Anally beon deemed advisable advis-able to put tho Homo Flro and Marino In liquidation also, Its liabilities bolng in excess of Us assets. How tho policyholders policy-holders will fare is somewhat uncortaln. President Dutton states that the liabilities lia-bilities of tho Homo aro about $.1,500,000, after deducting between $800,000 and $900,000 for reinsurance, whllo its assets amount to $1,400,000. |