San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1895-01-15
GERMANIA FIRE
INSURANCE co.
WITH CASH ASSETS OF OVER THREE
MILLION DOLLARS.
Takes Over the Business of the
Alamo Fire Insurance Com
pany-The Alamo Re
tires.
SAN ANTONIO, Texas,
Jan, 10, 1895.

JAM, 10, 1895.
To Agents and Policy holders of the
Alamo In Texas:
Friends-This is to advise you
that the Germania Fire Insurance
Company of New York City has
contracted to take over the bust
ness and plant of the Alamo Fire
Insurance Company on January
81, 1895. All policies Of the Alamo,
in Texas, which may be in force
after noon Of the 3lst Of this month,
will be thus additionally secured
by the large capital and surplus OF
the Germania, Of New York (cash
capital paid in, 100000, and net
surplus over $l,00O,OOO)
1t is hardly necessary to COM
ment on the strength and worth
of this leading American company,
Its record has been most honor
able and it's work uniformly sue
cessful for nearly half a century,
during which time ID has amassed
a surplus sufficient for any emer-
gency.
The cause for this sudden step
on the Alamo's part Is easily told.
Over period Of years the invest
ment has not been a paying one to
its stockholders.
The signs Of the times cannot be
longer ignored. They show that
there is a steady progression to-
ward larger concerns-the smaller
fire insurance companies occupy
ing only limited field and writ
ing only small lines, not having
that opportunity afforded their
larger competitors Of making up
in one section Of the country a loss
sustained in another, during the
same period.
Thus it happens that while the
Alamo has done profitable busi-
ness in Texas, during a period
when nearly all the other COM
panies were losing money here,
the same has not been sufficient to
reimburse it for heavy losses sus.
tanned in another limited section
of the country during the most
disastrous time known in the his
tory of fire underwriters.
While the management views
with sincere regret the retirement
OF this home company, 1t cannot
fail to emphasize that the stock.
holders have done their full duty
towards the public Of Texas, hav.
ing used the means at their dis.
posal to the furthest extent, and
that whatever blame there is in
the situation must be ascribed to a
limited capital and field coupled
with the fact of general business
depression over the United States
heretofore unparalleled.
In turning over its business to
the Germania, the Alamo does so
with the agreement that its for.
mer local Texas agents shall be
protected, and the new manage
ment has therefore been arranged
to continue uninterruptedly. The
same agents will represent the
Germania and that, too, with added
facilities for handling the future
business in Texas.
Commenting the Germania Fire
Insurance Company to the good
will and patronage Of the public,
with the assurance that the peo-
ple's welfare, insurancewise, will
be watched with that same meas
ure of zeal and guided with that
effort at fairmindness which has
been characteristic Of the Alamo's
past management. We remain,
with thanks for all past favors,
yours sincerely,
ALAMO FIRE INSURANCE co.
Asking a continuance Of the good
will and patronage Of the public
and with the assurance that all
business entrusted to us will re-
ceive prompt and businesslike at
tentIon, we remain, with respect.
GERMANIA FIRE INSURANCE Co,
S. d. SCUDDER,
Manager for Texas.
Local Assistants:
G. DULLNIG, JR.
Solicitors: