Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-10-08
$4,000 PAID UP
CAPITAL FOR THE
INTERSTATE
New Casualty and Guaranty
Company Organized on Most
Solid Basis; Differed by Ex-
pert Insurance Men.

The progress Of disposlng Of tho
increased capital stock Of Tho inlcf
state Casualty and Guaranty Cons
pnny 81 more than satisfactory ue-
cofdine &c the officers 81 the col-
pany. and from present appearances.
the organization OF the company VIII
pe completed IN November on a basis
ot t@pV,VOV puid-up capital, with
surplus 81 over that amount ia addi.
ton. In increasing their authorized
capital the directors wors actuatod
py competent knowledge oil the needs
% casualty and surety company.
iney had 80 intention. Il j. stated. Of
hnnuicnppinH the company hy start
INK with limited capital and "a lim-
tied surplus Tor Il b just this par
ucnlRr. shy the companys hackera
that has worked Co keep So many 9TH
erwlac perfectly good Organizations
limited IN territory and scope In
surancc executives know the danger
of attempting 10 operate q company
with u small surplus. for Il is utterly
Impossible for an insurance company
with "a small surplus 90 successfully |
meet present day conditions ~ thf
Interstate u az present constituted
they have upwards Of three hundred !
thousand dollars. OF which one-haif
ls capital and one-hulf Is surplus
With this amount the company can
now obtain license aor business ID
several Of the western states. but la
order ca qualify FOR an lines ln the
larger and more productive states Il
Is necessary Ga have the foil capital
81 100000. and tho directors have
SET that mark for the company To-
reach. Within the past tNrcc weeks
the directors have added several
prominent men from various scc-
uons ~ the state 10 the list uf stock.
holders and ihe company officials arc
meeting with a ready response from
investors. Investment. In Insurance
stock has long been considered |
from dividend standpoint among
the better class of investments /
ana insurance experts agree that the ]
casualty and surety companies yield |
larger returns IN every way than any
OF the other branches Of insurance.
The directors Of tho Interstate. who |
include in their number tho leading |
men Of the state In an calllngs are |
determined also on doing away with
all experimenting IN beginning their |
company. only mon Of wide inaur-
ance knowledge and experience are !
being employed la connection with the !
conduct of the company's affairs ana |
because Of the connections already
concluded the company has ALREADY !
national reputation. Applications |
for agencies as FAR east a. tho state I
OF Massachusetts, are on file and when |
the company Is ready TO start busi- |
ness no delay VIII be experienced IN !
attempting To plant the agency or
gonlzation
The manager OF the company. Mr.
James 4. Blainey, is one OF the lead
Ing casualty and surety men az the /
Az
In the business he has been southern |
manager for The Standard Accident |
Insurance company ~ Detroit. Mich. /
southern manager OF The General Ar- |
cidcnt ot Perth. Scotland. supoFintcn- |
dent Of agencies for The Ocean Acct !
dent ana Guaranty of London. Eng. |
and general manager OF the Equitable /
Casualty Of Atlanta. Ca. AIR. Blainey /
organized the Southern Casualty and !
Surety Conference. one OF the largcs' /
ORGANIZATIONS Of Insurance officials in /
the country
Tho auditor of tho company. Mr. |
Hurry j. Fix. Ir, was in charge OF I
thirteen states FOR the North Amori |
can Accident company of Chicago. |
was assistant secretary and auditor OF |
The Equitable Casualty company OF 1
Atlanta and for the past two years /
has been examining Insurance com |
panlcs Tor she Insurance departments I
Of number Of eastern states.
A casualty and surety underwater |
81 national reputation has been 500 7
cured 10 Join the home office force Z
as soon as the company Is ready for /
business ana three special agents OF I
long experience ana good record have I
been secured. ON the whole The In II
terstntc win Immediately take lts |
place among tho leading companies of !
tho United Stgtes and it viii nndoubt- Il
eddy meet with immediate ana cou- I
tinued success n should have the \
active support OF the entire state as !.
Il Is strictly a New Mexico undertake i
Inc