The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-15
INSURANCE CO. TO
keep MONEY HERE
Guardian Casualty & Guaranty
Localities Assets and
Its Control.
WILL HELP STATE TO GROW
LIST OF OFFICERS PROMINENT
UTAHNS OF EXPERIENCE.

Localization Of the assets and con-
troll OF the Guardian Casualty &
Guaranty company was effected dur
ing the past week. The former out
side investments of the company
have been entirely eliminated and
converted into cash and western Sc
curities. A year ago today the
Guardian Casualty & Guaranty COM
pany was incorporated under the
laws of Utah. Its articles OF incor-
poration authorize the writing of
every kind of insurance, save fire and
nfe-a charter Of distinct and grow
ing value. The annual volume of
premiums on It's books approximate
100000.
Heretofore this money found its
way into eastern centers. Hereafter,
not only this, but steady increasing
sum will remain to do service in the
communities where the premiums ara
collected. The success of the COM.
pany was instant, though not surpris-
ing, since 1t derived from the agency
company, which represented it for
the securing of business a list Of
clients whose business has been
shown by many years of experience
to be the most desirable. When the,
volume of premiums Is considered, no
more desirable line OF liability business
exists in the country. This is shown
by the fact that from the first month
of the organization OF the new COM
pany it began making money and is
today in condition to enter the list of
steady dividend payers.
Half Million Capital.
The company's authorized capital
is 100000. At present it has 5000
600 capital and surplus paid in. It is
the intention to increase the assets. to
100000 at an early date. This will
put 1t among the top-notchers, and
because of the personnel of its Of
ficerS and its record for settling
claims promptly II will have no diff
Guilty whatever in winning from the
start the confidence, not only of in
surers, but of those agents whose
business it will be thought desirable
TO secure
The officers of the company now
are: ". S. Mccormick, president, SEN.
ator Reed Smoot, vice president.
George E. Cutler, second vice presi-
dent and manager; F. J. Hagenbarthy
treasurer; Lester D. Freed, secretary.
These men, together with l. S. Hills,
c. w. Nibley, J. NJ. Studebaker, G, A
| Quigley. r. w Sloan. Willard Scow-.
croft of Ogden, W. o. Kay of Ogden.
d. L. Evans of Malad. H. l. Lemp of
Boise, F. c. Jensen of Mt Pleasant,
Duncan MacVichie, P. W. Madsen, W.
II. King, George w. Morgan and F.
]. Gustin, constitute the directors.
George E Cutler, manager Of the
company. is recognized as one OF the
best equipped liability managers in
the United States His long ex-
perience and wide acquaintance,
backed by so strong an official roster
will inspire the trust Of insurers and
desirable representatives alike.
Keeps Money at Home.
The Guardian has also secured a,
substantial interest in the Agency
company. Since it is the custom Of
all liability companies to use
agencies for the securing of business,
it was deemed important that the
Guardian Casualty should have q
strong voice in the method TO be pur-
sued in obtaining business for II and
it's propaganda; and q potent In
huence in the Agency company was
insisted upon.
If the 100000 annually sent
out of Utah for insurance could bs'
retained at home, working for the
building UP of the intermountain
country, 1t requires little imagination
to show what the result would be in
ten years. The Guardian Will rapid
~ enter the lists for outside business
and it will not be long before the in
come for insurance to local compa-
niles will equal the entire states QUIZ
go for insurance. Such a course in
wolves far-reaching commercial re-
suits and Importance TO the state and
to the west. The local company un-
doubtediy will receive the hearty sup
port OF every person in the inter-
mountain region wha has any
heart in the upbuilding Of this sec
ton.