The herald., 1895-05-11
A THRIVING COMPANY
The Bankers Alliance in a Prosperous
Condition
Its New Combination Life and Accident Policy
Decided Success-Claims
Promptly Paid

The Bankers Alliance of this city is a
home institution of which not only Los
Angeles but Omitted California" should
feel proud.
Its record since incorporation in 1888
has been one of progress in every depart
ment. of honest dealings with its policy
holders and of prompt and full payment
OF death and accident claims.
The company is to be commended for
its speedy payment to Mrs. Milner.
widow of the late John Milner, cashier
of the Farmers and Merchants b INK, as is
evidenced by the following letter:
LOS ANGELES, Cal. May ., 1895.
Mr.. J. N. Russell. Jr.. Secretary Bankers
Alliance. Los Angeles, CAL:
Dear Sir:--I wish to tender to you my
most sincere thanks for the very quick
payment of $4,000 on account of policies
Nos. 1074-5 held by my late husband.
John Miner. The proof of death was
unexpected promptness on your part
certainly deserves much praise.
Mr.. Milner, as one of your first policy
holders. was ever ready to express his
entire confidence in the stability of your
worthy company. He had additional in.
surance with some eastern insurance COM
panies, none of which as yet have had
time to settle. being SO far away. In
fact the proofs of death are Just being
made up.
1t is | assure you with much reluctance
and feelings of deep grief that | refer to
this matter yet feel it my solemn duty
to make this acknowledgment that your
many members as well as the public may
know how promptly and justly you have
Ianlt with m which |
more than appreciated.
Again thanking you most sincerely
and heartily wishing the Alliance and its
honorable trustees Gods blessing l beg
to remain yours very truly,
MRS. ANNA MILNER.
Although the company is allowed, as
are most insurance companies, ninety
days to pay its claims. it prefers to make
immediate settlement. There are at this
Aime absolutely no approved claims due,
and none unpaid except one in Wyoming.
fer which payment awaits the appoint
ment of an administrator to make proper
receipt.
The following letter speaks for itself:
SANTA PAULA. April 26. 1885,
To the Trustees of the Bankers Alliance,
Los Angeles. CAL:
Gentlemen May l, 1891, my late hns-
band. Arthur ID. Williams, was fortunate
in procuring through your general agent
combination life and accident policy
No 1895 for $500 in your worthy com
pany.
On the 9Th of the same month he met
with a serious accident, for which the
Alliance promptly paid him $3.50, seven
weeks disability. On the 22d of this
month he was taken from us after several
months illness.
Today. just four days after the date of
his death. | have received 50, $40 in full
IS IL -. tai
tender you my heartfelt thanks. Such
prompt settlement is indeed an unexpect
ed surprise. The confidence often ex-
pressed by my husband in the stability
OF the Alliance is vindicated, while the
practical workings of your combination
life and accident insurance i'll the same
policy has been most satisfactorily exem-
pliiied. 1t affords me much pleasure to
sincerely recommend your company to
all who are in need of reliable insurance
protection, and wish for it the success it
deserves. Yours most respectfully.
MRS. MELINA WILLIAMS.
Since the adoption last January of the
new double combination life and acci-
dent policy the progress OF the COM
pany has been phenomenal. The enmity
of the representatives of rival companies
has thereby been aroused. and if reports
be true all kinds of underdhanded efforts
are put forward and various absolutely
false reports are circulated tor the purpose
of damaging the company's good name.
The Alliance does not try to build itself
up by viifying other companies. During
April 337 policies were issued and from
present indications not less than 400 will
be written for May. The double combl-
nation policy is original with and is
issued only by the Alliane. Licenses have
been granted authorizing the company to
transact business in twenty-five states.
The insurance commissioner of this
state made his regular annual examina-
tion uf the company in February and
found it III excellent condition; the state
ment as approved by him showed the
assets to be Sl65. 260.42; liabilities, none;
insurance in force, So 592 800. Since this
statement was given (January l. 1a95)
about $4,000, 900 of insurance has been
written.
The list OF officers contains tho names
OF some of the most highly esteemed cit
izens of California in its banking, COM
mercial. social and political spheres, all
OF whom are actively working to forward
the interests OF the company with their
time. influence, experience and earnest
attention. Among the trustees We find
the names of the following very favorably
known gentlemen: J. NJ. Elliott. presi-
cashier Los Angeles National bank; Gen
eral E. T. Johnson, vice president Los
Angeles Furniture Company and director
Los Angeles National bank, and DR.. W.
G. Cochran, capitalist and ex-president
State Loan and Trust bank.
The offices of the company consume the
entire second floor of the Southern Cali
forna Savings bank building, corner
Court and Spring streets. where no less
than dozen employees are engaged.
A Happy Couple