The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-09
A SOUND INSTITUTION
ANNUAL MEETING OF TILE BANK
El , ALLIANCE.
Extending Ita Fiaid Of Operation to tn .
EsHtsrn states-spiandid
Showing. :

The financial statement presented yea
to-day at .he annual meeting OF the
bankass' Alliance cf California waa
m0st gratifying to thu directors as we'll
ss 10 thu policy holders. L Showsd the
corporation to be one OF the strongeat
and laost successful aeuranoo compa-
MES in ths United States, aud sxtend-
ing i;s fisld OF operati, IN TO several OF the
im pcr .sat eastern states.
number OF prominent members
from adjacsat c!ties were present. and
proved their interest 10 the concern and
IN its welfare
The report of the secretary was prob.
ably tho most satisfactory document
presented, The figures indicated that
the Alliance ia in a most tlouris hing
and prosperoue condition. The cash 10.
caipta during tho yssr amounted to
$l33 977 81. For death and accident
losseu the company paid during 1894 the
sum ut So, b55 55. WA assets smount
to Sl6o, 26U AZ, showing gin increase over
tho preceding year 0! 500 ga, IL. Tne
Alliance hae no liabilities. Tha amount
of its insurance in force is $40 592, 800
The nam bar of policies issued during the
past year reached 1922, making total
OF shout 10000 policiss.
Tne fact upon which the Alliance just
ly priGss itself 10 the com narrative young
ages OF its policy oldsrs. For the en-
tire period in which it has dona buslnsss
the average age OF policy holders is IS 81
years ami of those admitted during the
pse; yesr it only reached an average of
So II years.
IT OPERATES EAST.
The Bankers Alliance has been care
fully examined by insurance commits
sioners of eastern etates, who have found
its affairs in moet satisfactory condi~
ton and who have reported favorsbly
upon it. Aa O consequence it has ex-
tended into several OF these states, in
Guiding New York, Ohio and Psnnsyl-
wanna.
One of the principal reasons for the
rapid gsowth OF the company lies in the
fact that it is the only organic alton that
has adopted the com oined accident and
life policies. Its increase in business
surpasaes any company of the same age.
Its death rate during ne ear was only
Sc per 1000, and it is now licensed to
do business in % different states. where
it is looked upon ss one of the staunch-
est financial and insurance institutions
in the union.
One Of the reasons OF its popularity in
California is that it lie purely homo in
stituton, and the con idence it has
gained is due to the fact that it's direc-
tors are among the most prominent and
reliable bankers and business men. Its
standing naturally is very high, and it
has earned that distinction by paying
ito debts in full when due.
The secretary reported that within
short time the company expects to issue
an entirely new policy, to be known as
the "doubie com bira.ion and accident
policY."
The meeting throughout was har-
monious, and 80 we'll were the stock
holders satisfied with the management
Of the company that the entire board
OF directors were unanimously re elected
40 follows Gen. E. P. johnston. presi-
dent; w. g. Cochran, vice president;
j. NJ. Elliott. aecond vice-president; j.
N. Russell. j.. secretary f. @. Howes.
treasurer; J. N. Priest, superintendent
of agencies; II. n. Maynard. NJ. D.,
medical inspector; Judge William T.
Gardiner, attorney; @. W. Stone, gen.
oral aUaut