Los Angeles daily herald., 1886-04-01

| vi tDt COinDJHf was iOCdttu III tDt HttOnu
story Of the Bryson Block, South Spring
street. Here, from the first, the Business
increased with wonderful rapidity. The
names of the gentlemen connected with
the concern were sufficient to guarantee
its solidity, and the people of Southern
California felt natural pride in seeing
their home organization success. The
Southern California Insurance Company
was not at first a member of the Insur.
ance Union, and this fact caused some
antagonism from the other companies,
| but this, in time, was overcome, and the
organization is now working in unison
| with the Board companies The Direc-
tors, encouraged by the rapid growth of
| home business, decided to enlarge their
| territory, and some months ago opened
an office in the Safe Deposit Building,
1924 Montgomery street, San Francisco.
The experiment was an entire success
and the business throughout
| NORTHERN AND CENTRAL CALIFORNIA
Has grown far beyond their expecta-
tons. A large proportion of the towns
| in the north have agencies aud a good
| business, and an examination of the
block book ut the office here shows the
1etfhGkHDlt 1tCt tudb tut CpmBhn1 nus
one or more risks in every block in San
Francisco. Agencies have also been es-
tablished in Oregon and Washington
Territory, and liberal share of pat
ronage has been received from those
sections.
NEW OFFICE OF THE COMPANY.
But it became apparent some time ago
| that the home office was not anywhere
near adequate to accommodate the in-
| creasing business. The officers and en-
ployes found themselves crowded in
| their quarters in the Bryson block, and
| il was decided that a change of base
was a necessity. About three months
| ago it was determined to take advantage
| Of an opportunity to purchase the old
| Farmers and Merchants Bank bnilding.
on Main street, and fit it up for the Of
flee of the company. This was done and
the work of renovation commenced
at once. Although the rooms are not
yet fully completed the company took
| possession few days ago, and yesterday
a reporter of the HERALD had the pleas
ure of thorough inspection Of the prem
ises in company with Mr.. D. e. Miles,
the Secretary.
| ARRANGEMENT OF THE BUILDING.
The building has frontage of twenty
| five feet on Main street, running back to
| New High. Near the entrance is the
office of the Secretary, Mr.. Miles. hand
somely finished with native woods and
fitted up in a most becoming manner.
Then comes the main business depart
ment with an elegant counter thirty.sx
feet in length. with all tbe necessary
fixtures for clerks. In the rear is still
another counter thirty-one feet in length
for the use Of book keepers. The whole
interior is beautifully finished with curly
redwood and Spanish cedar. the work
being done by the Perry Mill and
Lumber Company. The walls and cell
ing have been decorated with paper
In an exquisite manner. SO finely has
this work been done that it has called
forth exclamations of admiration from
all who have seen it. The design is
Corinthian, and was selected by w. II.
Perry, a director. who has excellent
taste in matters of this kind and has
been of great value to the company.
The paper harmonizes remarkably well
with the other arrangement of the
rooms. The Presidents office, which
will also be used by the Board of Direct
ors, is located in the rear of the build
ing. Its dimensions are l3x2l. Its
general arrangement and decorations
are fully equal to the remainder of the
building. All the offices are carpeted
with the finest Brussels carpets. The
office of the Southern California is pro-
nounced by competent judges to be the
finest insurance office in the State. 1t is
very creditable to the city, and it is
pleasant to know that the prosperity of
the concern fully warrants them in ex-
pending the large amount which they
have. The building is provided with a
large vault, which is the finest in the
city and will be of great use to the com
pany in storing their books, papers and
other articles Of value.
The apartments In the rear are all
well lighted with skylights, An entry
leads to court where several enormous
banana trees are growing, one being in
full bearing.
OFFICERS OF THE COMPANY
The present organization of the Com
pany is as follows: President, II. G.
Sigler; Vice-P President, Il. f. Spence;
Secretary, ID. Il. Miles; Treasurer, +. G.
Howes The Directors are as follows:
John Bryson, Sr., j. W. Davis, Jr.,
John @. Downey, DIR. Isaac Fellows, +.
G. Howes, w. II. Perry, Geo. ID. Rowan,
Il. +. Spence, j. X. Toberman, N. Van
derlip and II. G. Sgler. The general
management of the office is in the hands
of Secretary Miles, who has an efficient
corps of assistants. President Sigler
also gives his attention almost wholly
TO the affairs of the Company.
THE BUSINESS OF THE CONCERN.
Since the statement of the company,
made at the close of last year, the capi-
tai stock, $500, 000 has been fully paid
up. The business has also, since that
time, largely increased. At the time
tie statement for 1885 was made the
total assets for the year amounted to
Sl55, 800 .SS; total liabilities, S4S, 1853 36;
Total income, $50, l43. go; total expendi.
ture, S39, ,462 "a; net amount Of risks
written during the year, S5,36S, ,796,
with premiums amounting to $l0l,-
446 a. Net amount of risks in force
December 81, 1885, 81, 1888, 1877, with
premiums amounting to S75, 1885, 81.
The business of the company has been
managed in a wise and conservative
| INlHhb vi u thlihubtl
are firmly declined, and the business is
scattered as much as possible. the rule
being not to accept more than $4,000 in
one block unless the buildings are madeo
tireproof material. The losses of the
company have been wonderfully small
during the past year, being only in a ra-
tio of l.03 per cent. With some com.
panies the rat has been as high as 1903
per cent. The stockholders are, under
the new constitution, individually re.
sponsible for the ratio that their
proportion of stock bears to the whole.
Not content with extending their bust.
ness all over the Coast, President Sigler
is now visiting the East with the pur-
pose of selecting desirable points there
to establish agencies. Full details of
this movement will appear later.
In every respect the Southern Califor-
MIA Insurance Company is deserving of
the patronage of the people of the entire
coast, but as home institution it appeals
directly to the residents OF Southern Cal
ifornia. Other American and foreign in
surance companies take large sums Of
money from this section-the aggregate
is much larger than most people suppose.
Every dollar paid to our home company
is kent in circulation here and, not only
Is this money saved, but, by establishing
agencies at many outside points, con-
siderable amount of money is brought
here. Business men who ponder over
these facts will readily see the importanc
of sustaining this valuable home institu.
ton. The company have now the most
fiattering prospects, and in their new
place of business will be fully prepared
to meet the demands of their rapidly
! growing business.