Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-10-04
DON'T GIVE
OR ACCEPT
PERSONAL SURETY

California insurance companies have
the virtue OF solidity. A virtue which
appeals to the insurer. Instance, The
Pacific Surety Company Of California.
This company was chartered under the
laws of California which exact that
each stakeholder Of a corporation or
joint stock association shall be indi-
vidually and personally liable for such
proportion of all its deDts and liabili-
ties contracted or incurred during the
time he was a stakeholder, as the
amount Of stock or shares owned by
him bears to the whole Of the subscrib-
ed capital stock OF the corporation or
association" 1t has a paid-up capital
Of s250,000 and a reserve OF sos. $3.50,
and a net surplus Of s62,23l. Therefore
the extent Of security furnished is
placed beyond doubt. 1t was the first
surety company to occupy the Pacific
Coast field. It was incorporated in
1885 with a capital of 100000 In gold.
The growth and progress OF the COM
pany is best shown by the record 1t
has made. Capital in 1885 500, 900 Ut
commenced business in August of that
year,. In 1898 its capital was increas-
ed to s25O,00O; and its total assets in
its half yearly statement in 1902 show
the magnificent total of s365.OOO.
Its directors are the Hon. Geo c,
Perkins, United States Senator and OF
Goodall. Perkins 4 Co.: II. S. Croker,
Of II. S. Croker Co.; John Berming-
ham, president California Powder
Works and Hercules Powder Works
VIM. II. Croker, president Croker
Woolworth National Bank; V. J. A.
Rey. of Britton & Rey; Jas. Moftt,
president Blake, Moiiitt & Towne and
vice president First National Bank; b.
L. Davis, president California title In
surance and Trust Co: Wallace Ever
son, president. A. =. Redding, secre-
tary. More millions and millonaires
than can be found on the ordinary di-
rectorate of most insurance companies.
Aside from capital the Pacific Surety
Company has managerial ability. Its
secretary A. p. Redding, is well known
in financial and conservative circles.
Its president, Wallace Everson, is such
an able, old time insurance man that
comment on his standing or ability
would be superfiuous. The Pacific
Surety Company is the Surety company
Of the Coast and fully fills the field and
while II is well known at home It is
equally well known abroad. II ability
of management and solidity OF capital
ization will make a company, then in
deed the Pacific Surety Company fills
the requirements. 1t transacts tbs
regular business Of a surety company
Its guarantee bonds are issued to guar,
antee the faithful performance Of du'
ties of managers, secretaries and
agents of public companies, cashiers
bookkeepers and clerks OF banks and
other corporations, and all others hold,
ing positions of trust. Its court bonds
are accepted by the courts as sole and
sufficient surety for administrators
executors, guardians, trustees. asst
gnees, and on attachment and appeal
bonds. The bonds Of this company are
accepted in all of the United States
courts.
When surety company's bond is &C
cepted by the United States courti
enough has been said. A surety com
pany's bond that is good enough FOL
the United States is good enough fol
the ordinary folk, and such bond car
always be procured from a California
and San Francisco home company
The Pacific Underwater.