The San Francisco call., 1906-09-06
Plan Given Up as a
Result Of Lack
Of Support.

Information that will please welching
fire insurance companies is contained
in statement that was prepared by
the trustees of the Policy holders
League yesterday
Therein announcement in made that
the League representative, the COM
mercial organizations and all the banks
Of San Francisco, because of the failure
of sufficient number of policy-holders
to register their names and put up the
requisite cash to make 1t possible for
the League to pursue it's original pur-
poses in full, will not undertake the
collections of policies through court
proceedings.
This means that the League has
abandoned the idea of bringing suits in
the United States and In Europe in be-
half of the policy holders. 1t was de-
cided at the outset that no suits should
be brought unless policies representing
a face value Of s25.ooO,o00 were reg
istered with the trustees and de-
posit of l per cent of the. value rep
resented was made TO provide for the
necessary expenses. This called for
s250,000 in cash. The policies register
ed to date represent very much less
than $25.000,000.
OTHER WORK PLANNED.
The explanation is made that the time
has arrived when it is necessary TO go
ahead vigorously or to give-u up the col
lection part of the Leagues pro-
gramme. Thousands of suits would be
necessary abroad and at home. All
suits must be filed within the year. A
large bureau for the work would be
needed. The trustees did not see their
way to delay any longer and have
therefore altered their plans.
The money deposited will be returned
to policy holders. The League will con-
%;<,, a,a1 yryil1
tinue to assist in settling the affairs
of the Fireman's Fund insurance Com
pany the Home Fire and Marine. the
Pacific Underwriters and the Calumet
companies AS an organization the
League will also try TO secure various
benefits in the way of legislation and
better fire protection for the city as set
forth in its bylaws.
Whether policy-holders did not wish
to put up their money to have their in
terests cared for or prefer to proceed
to get redress Independently is not
known to the trustees.
LETTER OF THE LEAGUE.
The following letter has been sent to
every subscriber of the Policy holders
League:
The officers and trustees of the Pol
icy-holders League regret TO aovlse
you that the general public OF san
Francisco. either through lack OF de-
sire or Hardness in action have not
been disposed to avail themselves OF
the collection feature OF the League,
and have not registered in sufficient
numbers or sufficient quantities for
this purpose to warrant the officers OF
the League in proceeding Iurtner aiohg ing
the specific lines of collecting for the
benefit of Individual policy holders
The League will continue its EFFORTS
along, the. general lines specified In the
bylaws for the betterment of insurance
for fhA other DuDllC
purposes outlined therein, but regrets
that 1t cannot, under the circumstances
undertake the duty of collection.
In accordance with our bylaws.
which provide, I'm the event that the
applications for membership fail to
reach an aggregate of policies repre-
board of trustees all deposits shall be
returned" the original deposits and
acceptances will be returned to the
subscribers upon presentation OF the
requested to call at the office OF the
League, Midway building, 771 Market
street between the hours OF a. m
and II o'clock noon any day on or after
Monday, September 10. when you will
receive your check and acceptance and
yield up your receipt.
The officers and trustees OF the
League desire to notify you that their
efforts in behalf of a satisfactory set
tlement by the Fireman's Fund, Home
Fire and Marine, Pacific Underwriters
be continued and further registration
and power of attorney is earnestly re-
quested in regard to these companies.
Similar action in regard to other COM
panies as may be necessary will be
taken from time to time, and the Pol
cy-holders' League will continue to
safeguard. as far as possible. the gen.
eral interests of the insuring public.
We beg to notify you. as a matter of
general Information, that some of the
officers and trustees of the Pol
ICY holders League have pooled their
issues in several companies not making
satisfactory settlements and have ar
ranged with L. A. Redman to repre-
sent them and act for their private in
terests. We deem 1t only fair to no.
tify you to this effect for your further
guidance in such cases
The letter was signed by F. w. Dohr-
mann as vice president and L. NJ King
as secretary.
PRESS CLUB ELECTS NEW