The San Francisco call., 1906-08-03

Continued from Page j, Column l..
the campaign for better conditions re-
lating to insurance in San Francisco.
Tol make the struggle, every bank
in san Francisco and practically all
the large aggregations of capital out
side OF the banks are pledged. The
clearinghouse Association and the
savings banks, collectively, have acted
afhrmativeIy on the proposition, after
calm deliberation.
Every commercial organization in
San Francisco has formally put itself
on record in favor of carrying out the
aims of the cy-holders' League and
every one of them is represented, as
are also the. commercial and savings
banks, on the board of trustees.
The second article of the bylaws
declares that the purposes of the
League are Ito promote prompt and
TO represent and protect the policy
holders in every way"
No more important work for the well
fare OF San Francisco than that about
TO be essayed by the league has ever
been undertaken. Hundreds of mil
lions of dollars worth Of property have
been destroyed by fire. In the adjust
ment of losses great obstacles have
been placed in the way of satisfactory
settlements. The league will endeavor
to collect the millions that are justly
due local policy holders.
The difficulties are recognized to be
great, but are not considered TO be in
superable. These are the organizations
that are cooperating as the Policy
holders League
Merchants Association.
Chamber of Commerce of San Fran
cisco.
Merchants Exchange.
San Francisco Board of Trade.
Manufacturers and Producers Asso-
citation.
San Francisco Clearing house Asso-
citation.
Associated Savings Banks of San
Francisco.
SEEK INSURANCE REFORM.
While the leading aim of the league
is to deal with insurance companies at
this time there are other purposes Of
large Importance in view. These in
clude cooperation to secure protection
against fire. the adoption of good in
surance laws and the establishment Of
a uniform fire insurance policy form for
use in California.
Every holder of a fire insurance pol
icy in San Francisco is elegible TO mem
bership in the league, subject to the ap-
proval Of the trustees. This provision
cAlcuHS Gil llAFAldllOL W oil the pcOp16
who insure TO cooperate.
scale is fixed TO provide for the
raising OF funds 10 carry on the work Of
the league. A deposit of one per cent
OF the face values of policies is to be
made by the insured, the minimum de-
posit to be s5.
Provision is made also for the col
lection of policies. The cost of litiga-
tion is limited to per cent, except by
insurance represented.
BYLAWS ADOPTED.
Permanent organization is arranged
for in the bylaws that have been adopt
ed. The president, vice president and
treasurer will serve without compensa-
tion. The bylaws in full are as fol-
lows:
/ Name-This association shall be
known as the Policy-H Holders League
of San Francisco.
2 Purposes-To promote prompt and
equitable adjustment and payment of
fire losses and to represent and pro-
tect the interests of policy holders in
every way.
g. Membership-Any holder of fire
insurance policy in the city and county
Of San Francisco shall be eligible to
membership subject to the approval of
the governing body of the league
Members are entitled to such infor-
nation concerning insurance matters
as the board of trustees may be able
to furnish.
Applications for membership shall be
accompanied by a list of such unpaid
policies as the applicant may choose
covering losses incurred in the fire of
April IS, 19 and 20, 1906, with the
names of the respective companies, the
numbers of the policies and the
amounts of the same together with a
deposit, or it's equivalent, of l per cent
of the face value of such policies Said
deposit in no event to be less than
five dollars. In the event that the ap-
plications for membership fail to reach
within thirty days an aggregate of
policies representing an amount salts
factory to the board of trustees, all de-
posits shall be returned.
PROVISION FOR FUND.
The deposit of l per cent made on
policies in companies which do not now
pay claims in full as adjusted, or which
cannot Immediately be induced to do
so, as provided above, shall be retained