Identifier: coastreview501896sanf (find matches)
Title: Coast review
Year: 1871 (1870s)
Authors:
Subjects: Insurance Insurance Mines and mineral resources Mines and mineral resources
Publisher: San Francisco : J.G. Riley
Contributing Library: San Francisco Public Library
Digitizing Sponsor: San Francisco Public Library

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s are liberal,and loans are made to the full extent ofthe reserve. Options of cash, paid-up in-surance or a life income, at the end oftwenty years, are guaranteed. Under the non-forfeiture law, 297 claimshave been paid under its provisions,amounting to $(iOO.(tOO. It is a good rec-ord. Insurance Commissioner Carr, of Maine,recently completed an examination of theaffairs and condition of the Union Mutual.He pi-aises the company for the highcharacter of its assets and the increase ofnet suipkis, and finds evidence of com-mendable caution in the selection ofrisks. The present management, while ad-hering to the conservative pi-actices ofthe past, have also struck out some newlines which are adding to the popularityof the company. President Richards isa strong man in the financial world, andVice-President Bates, who has been con-nected with the company for twenty-sixyears, is a strong man in the insuranceworld, and the two men make a powerfulteam in the management of this oldMaine company.
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W. C. LEAVITT. General agent Union Mutual Life Ins. Co., San Francisco. The Coast %RyiEW. The Situation. We feol justified in saying- tliat there issome improvement in the pi-ospeets ofreorganization. The only dilTerence nowis the construction, the phraseology infact, of a non-intercourse clause. On oneside are two or three offices; on the otherside are the i-omainder. The minority,and their objections, remind us of thetwelfth juror who pronounced the elevenstubborn. The contention of the minority is thatthe majoritys several non-intercourseclauses leave loop-holes for dealing- withnon-board companies. It would be asimple matter, and far better for all con-cerned, to try one of these clauses andsee. It is not like a law of the Medes andPersians, unchangeable. The majority,we are sure, wall not hesitate to repealthe clause if it fosters non-board inter-course. The majority is as anxious asthe minority for protection from non-board competition, and quite as keen-eyed in the discovery of

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