The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-04-06

rates. That is not my purpose. though
% course. / have 10 protect my business
Yes. that means 20 meet cuts MADE
against me In competition. The non-xi-
,ercaarse rule. which went into effect
yesterday would compel ne 10 give Up my
city agents. a. they are general agents
for a non-soard company. and, conss-
auently. cannot continue their connection
with board company. Messrs. oketi.
Donnen & CO. have given my company
an excellent line of business. which am
very glad 10 have They are gentlemen
with good connections ana emitted 10
consideration Therefore would not take
my city agency from them 1 aid the
other thing-I withdrew from the board.
r. F. Stewart. city clerk, VINO IS Wen
posted on insurance matters, being
member OF the insurance nrm OF HAN
ford & Stewart. was seen yesterday rel
alive TO the resignation OF Mr.. Spencer,
and the move was a surprise 10 nm.
However. he does not believe that IL wlti
in any way affect the stability or strength
OF the compact. He said:
While everything does not seem TO be
running smoothly among the officers the
compact VIII live. for il is organized on
purely business principles. The general
managers will probably drop out and the
heads OF the present petty managers VIII
come of bur new men VIII take their
places and the compact will continue ana
everything will be lovely. The compact
figures on it's members making a legiti-
mate profit and IS well-forzned ana back
ed up, and is bound 10 live ana thrive.
s'u-p here We are getting along all right
and everything IS lovely There has been
no cutting OF rates. Some time aga II was
rumored that one agent had cut rates
and another man went 10 see aim. Inc
agent accused denied having cut rates,
and an investigation revealed the 1act
that he had made an error IN nguring
on a building. He corrected the error
and there was no ilI-feeling, all being
satisfied that Ii was merely an error OF
the kind that is likely 10 occur most any
time"
The same paper that published the
news OF Mr. Spencer's resignation con-
tanned the following statement;
Another important event happened IN
insurance circles yesterday. AT noon ali
rates were suspended in Alameda county,
and a merry war began-merry enough
for the public. but all the other way for
insurance men. whose business was
slaughtered In their anxiety - cut each
other out While this suspension of rates
cannot directly affect the impact, IL
will have a bad effect insomuch as IL is
evidnece in itself that the board IS unable
to sustain rates across the bay.
.srhe withdrawal Of the Westchester
company raises the number of non-board
corporations 10 ten. All these companies
are American with two exceptions. the
Patriotic. of Dublin, and the New Yea
land. OF Auckland, but not BRITISH
company has jumped the traces.
The Westchester has a paid UP capi-
tai OF $685. o0 and a net surplus OF SS-''-
Ill. While it cannot be classed among
the great companies, 1t Is solid and con-
servat.ve regarding risks. AID through
It's cit yagents, okell, Donneil Co.
has come into desirable class of bus
mess In San Francisco.
the Westchester company was driven
out Of the compact By the non-iniercourse
rule"