Los Angeles herald., 1891-09-09

The present age is one Of concentra-
ton, or of combinations for the advant-
age of economy in administration and
more widespread averages of business,
and in the pursuance of this feature,
which is now permeating all commercial
operations, the HERALD has to chronicle
today the amalgamation of the success
full and prosperous home institution,
the Southern California" Fire Insur-
ance company with the "London and
Lancashire Fire Insurance company" OF
Liverpool, England, one of the largest
and most aggressive fire insurance Of
fees, operating over the whole of the
civilized globe, and whose assets, which
are entirely available for fire insurance
business, exceed $14,000,000.
The Southern California" promoted
and administered during it's entire his
tory by the most prominent and sue
cessful local business men, has con-
stantly afforded an ample guarantee to
the citizens of Los Angeles, thereby
aiding the maintenance of our CONNER
cial credit, and at the same time produc-
ing for its stockholders steady and
satisfactory dividends. The directors
have, however, with commendable fore
sight, recognized the dangers which
menace the future prospects of this
prosperity for the smaller class of
companies, when in competition with
the large and wealthy offices, which are
in a position to operate at a low
er ratio of expense-to carry large
average lines, and, with their ample
funds and resources, to extend their
organization intelligently over much
larger areas and spheres of operation.
This menace is, moreover, intensified by
the present day competition of mutual
and other Offices whose methods of ac-
quiring business point to possible or
probable Large reductions Of rate. most
prejudicial to company operating only
in a circumscribed district, whereas,
larger offices, transacting business all
over the world, may view with perfect
equanimity the suspension of rates in
any one particular district or territory.
In view of all these considerations the
directors of the Southern California have
wisely decided to avail themselves of
most favorable opportunity which has
been presented, for amalgamation with
the London and Lancashire on exceed
lHSly advantageous OCIulos ChOI0py III
creasing the protection and guarantees
to their clients, as we'll as securing the
most advantageous prospects for their
stockholders.
The Southern California directors be-
come, under this transaction, the local
board of the London and Lancashire for
this district, and the home institution
will, consequently, be perpetuated with
increased facilities, resources and funds,
under the district Office of the London
and Lancashire, which has been estab-
lished in the Southern California COM
panys building, No. 935 North Main
street, under the charge of Mr.. j. X.
Urmston, as resident secretary, the
entire business being, as heretofore,
under the supervision of Mr.. d. E.
Miles, the secretary OF the Southern
California, who becomes, with increased
powers, the assistant manager for the
Pacific coast department of the London
and Lancashire.
The true test OF baking powder is
we'll known to every housekeeper. 1t is
to try it in making bread, cake, etc.,
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