The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-12-19
A NEW ERA IS HERE
For the Guarantors Finance Company, One of
the Strongest in the United States.

The fight between the Guarantors' Liabil-
ity Insurance company, of Philadelphia,
and the compact" companies, which has
been hot and heavy for some time, has
excited unusual interest in insurance cir
Giles, and among those who buy insurance.
The outcome OF the fight is a victory for
the Guarantors, which has emerged from
the fray stronger and more substantial
than ever. This termination of the fight,
however, was not always apparent, for the
Guarantors passed through some squally
times, which its enemies used in an at
tempt to break down the confidence of the
public, but without success.
The following clipping, taken from re-
cent issue of the United States Review.
will prove interesting reading to those who
have watched the fight and noted the Jri-
umph of the Guarantors:
The official examination of the Guaran-
tors Liability and Indemnity company, by
the Pennsylvania insurance department,
which has been under way for several
months, has just been completed, and is
herewith given, and the result is highly
fattering to all connected with the man
agement:
"a matter of particular interest in this
connection is that the completion of the
examination marks the consolidation of the
Guarantors' Liability Indemnity company
with the Guarantors' Finance company,
and henceforth the corporation will be
known by the latter title. This change
had been provided for some months ago
by the stockholders and directors, but 1t
now takes legal effect for the first time
under the certificate of the state insurance
department. AS was foreshadowed when
the project was first announced, all the
business of the old company is now as
sumed by the new one, embracing en-
f11a 1oh CT
liability insurance.; team, elevator and
sprinkler insurance; personal, accident and
burglary insurance; bonds of surety and
fidelity insurance, and acts as trustees and
fiscal agents for corporations, firms and
individuals.
"a new era of triumphant progress Is
now opened up for the Guarantors. The
company has had many eyentful and per-
picking experiences in the past; it has sue
cessfully passed through an ordeal which
would have crushed an enterprise directed
by men possessing less strong nerve and
resourse than are found 80 conspicuously
in the Guarantors management. But the
public has always proved its honor ana
good faith with the public, and the manage
ment is at last indicated and victorious.
The present Thanksgiving Day season gives
promise of long being glad period in the
career of the Guarantors' people"
Financial statement of the Gaurantors'
Finance Company. November "a, 1897:
ASSETS.
Real estate owned by
company. ...$25O,0O0 w
Loans on bonds and
mortgages. =. =. -. 81, 500 90
Municipal, county, rail-
way First mortgage
bonds, bank stocks,
ETC.. -. =. =. ...... 5S5,500 90
Loans on approved col
lateral. :. -. -. ....... 156, 1888 OF
Accrued Interest,". 3S,SO1 81
Premiums in course of q.
collection. -. 49,. 149, 234 81
Furniture and fixtures. 2970S 80
Amount accrued under = i
Trust Department, con- ar
tracts secured by col
Iaterals.. e. =. e. 137,963 90
Cash in banks and Of
fice.la -. -. -. $500. &c., %
All other assets. -. 1850 40