| Show BANKS N MAY MY m CT mON I ON IN G COS Those Who Action Likely on I Evade San Francisco Losses TIMES ON TRANSATLANTIC I 1 t umi ti V I mId i Hao lIa I I a t C aa d Insurance rite on the Ihl I Con CuMI ci j jI I 1 firmly hellm iM lid a PretT 1 lItH P I hanker to the New i d u I 5 there are re many l s operating in hi Utah today which wt Ilot ot be bf able to 10 pay nay JIA their San Sail rauIe 0 o olo lo IMs losses The Th agent A ont of or inch juch who km lag Ins their condition on Roe goes no writing in IH III just Jim us eta guIlty a sa at Ute the banker who accepts accept knowing hi his hili In Institution In I 1 insolvent I Another loan Juan agent and arid banker said raid he ho was strongly ly of or the thu opinion that the time Itah llah bank or better stilt mill tru tho clearing clearinghouse house hou of ur this city elt should Uld follow In tho th steps step of bankers In th the we west fAt t compile a I list lUt of or the lie ince com coin comI I kno n a Oil as III six aix bitters those who Mho will ill pay only n 75 S cents cent on un the th duller dollar of or If their Han amu liabilities also whIch are resisting payment of their losses on technical grounds and take concerted action tInd several loan companies which retain the right to paine name their Insurance companies In iii placing lo lunna n on build buildIngs Ings have hac hR rejected rj tod H ell lit of the companies under suspicion The Thc following roll 14 If companies according accord III to 10 the Field have haIl retired from s on the coast as ns a II result of the San Sami Francisco J lire The Traders mulled absolutely The Pond Fund will Mill my pu out oil nil Its It iu i ts to 10 meet Its Ita 10 osea as at far as 31 It II j can n A uw U pany pall with the came Kims Mil has been organized mind ami has taken over the out outstanding outstanding standing risks risk of or the old concern and In Is generally regarded as its being In strong stron condition i I I I CAPITAL AND SURPLUS I 1 American llo lon S 1 t American IG S J All ijo j jt t I Colonial D C 33 5 N X Y YC j ia I C t Fireman 1 Fund l u H uT Hi T i Home F 1 M MS r K Wi WiS S So Mercantile F 1 A M il 1 Won lbs Wonton ton s SI 9 New York Fire Ire t I 10 20 North German N Y mM 11 JI I It I Traders Trall rt Chicago 3 11 a Transatlantic Germany German 3 1 H II United Stats State I Total Insurance III Agent 11 H H II Windsor who nho has Just returned return fI to Stilt Sail Lake utter after a months absence ab rn o on the coast says laS a s that the average amount being pail paid out by the dollar for dollar insurance lt companies M Is n a 1 d da day iy The feeling against the tIme companies lOm have announced that they will only ani pa paiG pay 75 Tc cents on Dim a 1 dollar and aM especially those which boldly take the grounds that they the are not miot lI t liable at HI all nil under the earthquake clau cl clauses u in their policies Is 11 specially p bitter and U is growing grow InS more mora Intense Ho lie estimates that probably ibl of or the Insurance In III Inthe Inthe I the disaster will have hae to be trl out in the courts According to 10 the lie two Iwo rom which art are being most mot bitterly are the Transatlantic of Gem Ger and the City It cf of r I New ew York The president of cf the lot lat lotter latter ter tet company hall R S de da defendi defends fends ends in The Insurance Field th Ih position po of hula his company compan In declining to so toI soI i I r ny a losses Incurred III RH nit a re rp result of oC time the I volcano A quotation from his an cue announcement Is as 11 follows Wo We c are proceeding In iii tin nn orderly w way a ato I to 10 have ha the matter settled by b a 11 juJu JUll mini dal determination We have liae Len frank with the th people of or San Han o a oin alit in lit that w we 11 hue have promptly dented denied lit 11 JUlI without holding them up for lor w IiO days dB as III we could have ha done I a I companies are not IlOt charitable and stud the om erl are not to 10 disburse the assets U lt of the comp compan n sensitive they may be to the I Buttering and loss lOlls of ot the people of or that I afflicted city ell and ami great their desire de lre in n it spirit of or to 10 relieve them The eastern press pr 1 takes taken specially lp Call strong ground round against the TransatlantIC Ic I Th The local brat agents II of or this company comin are arc the tho Wilson Sherman company ho hosay 1 say U that the business done In Utah was fU I never w very 1 large and that they tho have hae discontinued writing for lor it since the I San Satu Francisco tIre lire Mr fhe The New York Times editorial Is III headed German Honesty and is ai as follows follos he petition taken by 11 the Transit Transatlantic lantic Fire Insurance company of or Hani burg regarding Its losses 10 of or at a I San Francisco has hu the merit of or frank frankness nets ness it simply denis denies liability upon the ground that the losses looses arose arOM from froni froman an overwhelming catastrophe trople due to i 4 visitation of Providence for tor indemnity against the Ibl lie consequences of or which th the policy never wa aaa Intended to and does dots not provide the eon con trial trA t between this herman Gennan Ue n attitude and an that of or representative and lid American Amerlan makei mak u us proud of the Ib companion Not No that all 1111 om Oin panics lIlu hu have paid in ii full uli On the eon con trA many ha c paid all nl the th they upon account A OtI II I and aid retired r from frol bun busi bU business I rum nUll leaving turns sums um ad mil unpaid Next to 10 paying In In iii full tull fulland rind and nd continuing this l is F most thing thine to toso to do In between ate art two l Mr iho lh H who flud x s for nut hul i a Inc Ing and send tho c uno WI w simply welch The German falls fall Into the th latter III tor claws clans cI They The will 1 tI II tak no ricks t 11 by going ing Into ort court They Just wont pa va there nia na quibble rr TO r garding ill ii n h n and fir lire l I w aM lois Iou f for Suii Sn 1 I ts t m II mI I TOt The Transatlantic t repudiates all liability because the IA Ios 10 was asas a large lart one on onI I It Is I to 10 be f feared r this cl closes ih I h hu subject u The it I 5 cur J T and It would r a 1 I rr to set tt up lip am an 31 r process a against this tug fugi the live from justice nut Hut once bit bU t t i f 5 ii 1 We WI result require f no to plainer hint nui n better belter of Her sense fo for fi f 1 1 companies I I their I IU tl t If I SIC are con tanks f with ro much Ian fo reason jIe I them 1 1 tHO be if required d as tip II a i allon llon i I lu to doing bushes here herO C J i it II f un n 1 li fined an sit sita 1 a 1 reci M Ii hi IM Ati m i who ho SOmali shall lI acc AC n l service f 11 Tilt The very lest Mt sat sl slI I a III hi II til 1 be bP had Is III to Mk Tk thin thIs pr c ki 11 t n in Iii where live tM Transatlantic can tn l I be trust l I to tty say Ia little shout hout the bet tut plan rIal pta Is It to 10 bring suit lull there and d h hays a e th Ih facts arts established b before lor the cy eyes aM and andears I f ears tarl r of ot all III flint nil n even en In though the hoj hI hIef of ef lna nay be he f small email It II it is small mill became besides the difficulty of nf iro irie U n In a I tribunal the Trans TransAtlantic Atlantic surplus i is under f r fIts rIll Its Ill it lIabilItIes |
