The Wenatchee daily world. [volume] (Wenatchee, Wash.) 1905-1971, 1910-12-03
PAYS FIRE LOSSES
PROMPTLY
The Western Empire Fire
Insurance Company Of
Spokane Pays After
Wallace, Ida., Fire.

r. 6. Green, formerly county au-
ditor OF Spokane county and author
Of the bill creating the State Bureau
Of Uniform Accounting, and at pres
ent treasurer Of the Western EN-
pire. Insurance Company, is in the
city, accompanied by A. c. Palmer.
representing the above company.
The Western Empire has been
successful rs fire insurance COM
pany and numbers among it's stock
holders a large group Of bankers,
merchants and farmers and stock
men OF Washington, Idaho and Mon
tana. It is essentially home COM
pany being known as the "Tri-state
company 1t has been the policy
Of the company to place only linn
tied amount of its stock in each To-
cality. The earnings Of fire insur-
ance companies make this stock a
much desired investment and is susu-
ally not offered to the general pub
lie. The Western Empire wishes to
be essentially home company and
not a few stockholders with large
holdings, but rather large number
Of stockholders with smaller hold
ings. At present the stock IS held
in forty-two different cities and
towns of Idaho. Washington and
Montana. The capital stock has
been increased to 100000 paid up
and 100000 authorized surplus.
The assets of the company are now
$35S,000. and when the additional
stock Is placed will give them over
half a million in assets.
In the allotment of this stock on
ly $50 shares will be placed in We
natchee, as it is the desire of the
company to be represented in MI.
merous other towns and cities in the
Inland Empire.
The state Of Washington pays ap-
proximately 100000 annually
for fire insurance protection. The
state Of Montana, $1.3o00,000 and
Idaho 100000. A large amount of
this goes to eastern and foreign
companies. The United States pays
annually to European fire insurance
companies more than $70.000,000.
The more Of this money that can
be kept in the Northwest, the better
for the upbuilding Of the Inland En-
pire.
Among the directors of the COM
lr~A hue I'M
men as Samuel Galland, president of
Northwest Loan and Trust company
Of Spokane.
Jno. ". Graham, president Of the
Jno. W. Graham company of Spo-
kane.
Geo. l.. Ramsey, president Union
Bank and Trust company, Helena,
Montana.
"A. l.. Babcock, president Yellow
stone National Bank, Billings, Mont.
A. B. Cook, Railroad Contractor,
Helena, Mont.
Thaddeus s. Lane, president Ind.
Con. Tel. Co., Spokane, Wash.
Edw. J. Dahms, vice president and
general manager OF the Western
Empire Insurance Co.. Spokane.
It's finance and auditing commit
tee is particularly strong and con-
sentative:
Hon. r. c. McCroskey, Garfield,
Wash, president Pullman State
Bank.
Hon. J. D. Bassett. Spokane,
Wash, president First National Bank
OF RitZville.
Geo. NJ. Miles. Miles City, Mont,
president First National Bank, and
Peter Yegen, Billings. Montana,
president Yegen Brothers, bankers
and merchants.
The company has concluded its
second year OF successful business
and its management is marked by
clean cut, economical business meth
DDS, the books and records being
omen at all times for the inspection
of stockholders at the home office,
204 Eagle Bldg, Spokane, Wash.
Mr.. Vermelya, of the Wenatchee
Abstract company, is the local agent
and has placed a fine line of bust
ness for the company.
1t Is a matter of pride to the COM
pany that in its organization not a
single share of stock has been given
away for influence or any other con-
sideration except cash.
A representative OF the company
was on the ground after the Wal
lace, Idaho, fire in August and paid
the losses in gold before the embers
were cold, being the first on the
ground. 1t is pleasure to help
build up a company conducted on
the square deal" policy. when APP
Piled both to its policyholders and
to its stockholders.
Clean, economic and fair are the
words that most fifty characterize
the Western Empire Insurance Co.,
Of SpOkane