The San Francisco call., 1906-06-06
President Of Springfield
Corporation Extends
Encouragement.
Believes All Losses Will
Be Settled on Salts
factory Terms.
Says His Company Intends
to Pay Up Dollar
for Dollar.

OAKLAND. June 5.-A. w. Damon,
president of the Springfield Fire and
Marine Insurance Company. of which
George D. Dornin is the Pacific Coast
manager, arrived last night from
Springfield. Mass. and intends to re-
main in this vicinity for week or
ten days Damon comes 10 look over
the destruction wrought in San Fran
cisco " the earthquake aad fiarles
and TO advise with the local repre-
sentatiyes Of his company. Speaking
Of the insurance situation and of the
attitude of the Springfield Fire and
Marine in the settlement OF its losses,
Mr.. Damon said:
Our losses in san Francisco are ap-
proximately sl,e76,455 They have not
varied materially from the FIRST report
sent on 10 the home office. when We
damage done in San Francisco was by
the earthquake. We are proceeding TO
settle our losses upon practically the
same lines that we have followed in
settling fire losses in the past. Before
leaving Springs for California 1 had
81 ,G00, 900 of the securities OF our COM
pany converted into cash. and that is
now on deposit in the United states
Sub-treasury of New York awaiting our
orders. | also had 100000 forwarded
TO the First National haak IN Oakland
so that we could pay our policy holders
who were in immediate need of cash
without subjecting them TO delay. Our
smaller losses for the greater part VIII
5e paid by local checks and our larger
losses by bills of exchange on New
OPPOSED TO A CUT.
Our company is and always has been
opposed 10 any horizontal cut of 20 or
25 per cent or any such big deduction
in settling the fire risks in San Fran
q losses
fully, dollar FOR dollar. after they shall
have been fairly determined. Every
paid on its merits, We do not feel that
we are responsible for losses or dam
age that was due TO earthquake alone.
Our insurance Is fire insurance. That
is our business, and where we are just
ly liable we will pay and pay without
The earthquake has complicated mat
ters in the adjustment and payment Of
San Francisco losses. and conditions
have presented themselves for, settle
ment that never appeared in great
conflagratIon before. But despite the
multitude of problems that are crop
ping up, and although many of the
companies have been hard hit, ] look to
see the san Francisco losses settled in
u far more satisfactory manner than
some persons would have US believe at
this time. Many Of the companies may
have TO draw nearly all OF their re-
sources. ana then when they have paid
thousand dollars to continue in busi-
An Insurance company, like an indi-
vidual, has a reputation to maintain il
it would succeed. A man in business
cannot afford TO have his standing
je0psrdized or ruined by dishonesty or
failure TO meet his just debts That
is the way that the managers of. the
Springfield Fire. Insurance Company
viewed the situation after learning OF
the San Francisco disaster They felt
ha4 Il haf "a 1r.fnfr -
policy holders money that money
should be paid Mr.. Dornin, our man
ager here, understood the disposition
OF the directors. and all his actions re
ceived their unanimous Endorsement
lie has represented US for long time
in California and represented us well
He knew the conditions following ths
san Francisco catastrophe thoroughly
and ne knew the syInpathics and needs
of the clients he represented. His stand
has pleased the company directors anc
: that it likewise pleased the public and
particularly the clients of the Spring
field Fire
sIxTY-DAY AGREEMENT
Under the terms of our policy pay
ment is made sixty days after the fl
ing of the proofs of loss These, nm.
derstand from Mr.. Dornin, are being
filed with regularity, and payment Il
already being made on many of the in
dividuei risks. Intend to remain her.
a week or ten days TO be in closer con
tact with matters than / could be East
4 AS 20 work. there does not appear tC
be much of that for me to do. Mr.
Dornin mas all the departments operat-
ing with splendid results and is carry
ing on the W x just as the compan.
management Would have 1t were tn.
management located here.
Mr.. Damon has been president of th,
Springfield Fire and Marine Companl
for eleven years. He is not entirely 4
stranger 10 California, having resided
IN Santa Rosa at one time for ST,
months for the benefit Of his SON.
heaIfh This Is his s.xfh trim To III.