Langley's San Francisco directory for the year commencing 1887, Part 301

Author:
Publication date: 1880
Publisher: San Francisco : Francis, Valentine & Co.
Number of Pages: 1432

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Deposits received of $1.00 and upwards. The signature of the depositor should accompany the first deposit. No charge is made for pass-book or entrance fee.

( Money loaned on approved security, at lowest rates.

THE GERMAN SAVINGS AND LOAN SOCIETY.

GUARANTEE CAPITAL, $400,000.

No. 526 California Street.

Office Hours from 9 A. M. to 3 P. M. Extra Hours on Saturdays from 7 to 8 P. M. for Receiving of Deposits only.

Loans made on Real Estate and other Collateral Securities at current rates of interest.

L. GÖTTIG President

F. ROEDING .Vice-President and Cashier

GEORGE LETTE. Secretary

1265

BANK DEPARTMENT.

THE Hibernia Savings and Loan Society

INCORPORATED 12th APRIL, 1859.

OFFICE, N. E. COR. MONTGOMERY AND MARKET STREETS, SAN FRANCISCO.

The objects for which this Association is formed are, that by its operations the depositors thereof may be enabled to find &

SECURE and PROFITABLE INVESTMENT for SMALL SAVINGS,

And borrowers may have an opportunity of obtaining from it the use of a moderate capital, on giving good and sufficient security for the use of the same.

OFFICERS:

PRESIDENT. M. D. SWEENY. TREASURER. ROBERT J. TOBIN. VICE-PRESIDENT. C. D. O'SULLIVAN. ATTORNEY. RICHARD TOBIN.

Any person can become a depositor of this Society on subscribing to the By-Laws.

Deposits can be made from ONE DOLLAR.

Loans made on security of Real Estate

within the City and County.

SUTRO & CO.

Bankers and Brokers,

408 MONTGOMERY STREET.

EXCHANGE DRAWN ON NEW YORK.

U. S. Bonds, State, County and City Bonds, Scrip, Land Warrants, Currency, Foreign Coins, Gold Dust, Gold and Silver Bars, BOUGHT AND SOLD.

1266

SAN FRANCISCO DIRECTORY.

ANGLO-NEVADA

ASSURANCE CORPORATION

OF SAN FRANCISCO, CAL.

FIRE AND MARINE.

CAPITAL FULLY PAID, $2,000,000.

Office, 410 Pine Street.

DIRECTORS :

LOUIS SLOSS, J. F. BIGELOW, W. F. WHITTIER,

J. B. HAGGIN, G. L. BRANDER, E. E. EYRE,

J. ROSENFELD, J. W. MACKAY, E. L. GRIFFITH.

J. GREENEBAUM, W. H. DIMOND.

GEORGE L. BRANDER President.

J. F. BIGELOW Vice-President.

C. P. FARNFIELD Secretary.

J. S. ANGUS Assistant Manager.

BANKERS : The Nevada Bank of San Francisco.

1267

INSURANCE DEPARTMENT.

THE

STATE INVESTMENT AND INSURANCE CO.

Of San Francisco, Cal.

INCORPORATED 1871.

Amount of Capital Stock paid up in Cash, $400,000

Bourd of Directors :

A. J. Bryant,

C. D. O'Sullivan,

J. M. Donahue,

P. J. White,

James D. Phelan,

D. Callaghan,

M. Mayblum,

Richard Ivers,

L. Cunningham,

H. W. Seale,

Fisher Ames,

Dr. C. F. Buckley, Dr. William Jones,

George A. Wheaton, T. McMullin.

A. J. BRYANT, President; RICHARD IVERS, Vice-President; CHAS. H. CUSHING, Secretary.

Principal Office in Company's Building,

Nos. 218 and 220 Sansome Street, San Francisco, Cal.

1268

SAN FRANCISCO DIRECTORY.

H. S. MANHEIM,

J. H. DIBBERN.

J. W STAPLES. 1. MANHEIM.

PACIFIC DEPARTMENT

Scottish Union and National Ins. Co. Of Edinburgh.

Cash Assets,

$16,407,072.46

National Fire Insurance Co.

Of Hartford.

Cash Assets,

$1,958,506.83

Providence - Washington Ins. Co. Of Providence, Rhode Island.

Cash Assets,

$1,025,803.98

Manheim, Staples & Co., GENERAL AGENTS,

No. 217 SANSOME STREET,

SAN FRANCISCO.

1269

INSURANCE DEPARTMENT.

1865 24 1887

UNION

INSURANCE COMPANY

OF SAN FRANCISCO, CALIFORNIA.

FIRE.

ORGANIZED A. D. 1865.

MARINE.

PAID UP CASH CAPITAL, GROSS SURPLUS, JAN. 1, 1887, - 411,362 00

$750,000 00

ASSETS,

1,161,362 00

LIABILITIES,

292,371 70

SURPLUS FOR POLICY HOLDERS, 868,990 30

PRUDENT + PROMPT + PROTECTIVE

BOARD OF DIRECTORS :

J. G. Kittle, Geo. C. Hickox, J. H. Freeman, A. W. Scholle, H. Maubec, I. Steinhart, Cyrus Walker, Alexander Stoddard, R. Dinsmore,

Nicholas Luning, E. Ransom, D. E. Martin, John Barton, M. D. Sweeney, Bartlett Doe, Gustave Touchard, Wm. Campbell,

M. J. O'Connor, R. S. Floyd, J. Martenstein, Adam Grant, Daniel Meyer, A. E. Sabatie, W. M. Hoag, E. L. Goldstein,

I. Lawrence Pool, Jos. Brandenstein, Charles Baum, James Motfitt, Isaac L. Requa, Benjamin Brewster, H. C. Parker, A. W. Foster.

OFFICERS :

GUSTAVE TOUCHARD, - J. G. KITTLE, .

JAS. D. BAILEY, -

President - Vice-President Secretary

EASTERN DEPARTMENT : ROOSEVELT & BOUGHTON, Managers, New York City. WESTERN DEPARTMENT : THOS. & W. A. GOODMAN. Managers, Chicago. SOUTH-WESTERN DEPARTMENT : DARGAN & TREZEVANT, Managers, Dallas. Texas.

Principal Office : 416 California St., San Francisco.

1270

SAN FRANCISCO DIRECTORY.

FIRE AND MARINE

CAPITAL

SURPLUS

INSURANCE CO.

to Policy Holders

$300,000

$466,701

428 CALIFORNIA ST.

C. L. TAYLOR. President.

J. N. KNOWLES. Vice-President.

ED. E. POTTER Secretary and Treasurer.

DIRECTORS:

I. STEINHART. Manager Anglo-Californian Bank

R. D. CHANDLER. .Merchant

GEO. H. COLLINS Higgins & Collins

J. B. STETSON Holbrook, Merrill & Stetson

J. J. MCKINNON. Preston & Mckinnon

FRANCIS BLAKE Blake, Moffitt & Towne

E. B. POND Capitalist ALFRED BARSTOW Rhodes & Barstow

C. L. DINGLEY Shipping Merchant

C. L. TAYLOR Shipping and Commission Merchant

J. N. KNOWLES Shipping and Commission Merchant

Features Peculiar to this Company, are:

FIRST-That under its By-laws, from twenty-five to fifty per cent. of its profits must be laid aside as a reserve fund for the better protec- tion of its policy-holders.

SECOND-In the event of a total loss on a building, if the present cost is less than the insurance, the premium for the current year on the difference will be refunded; the only policy on the Pacific Coast that contains this clause.

1271

INSURANCE DEPARTMENT.

FIRE AND MARINE INSURANCE AGENCY OF

GUTTE & FRANK,

303 CALIFORNIA STREET, S. F. Hamburg-Magdeburg Fire Insurance Co. OF HAMBURG. Germania Fire Insurance Co. OF NEW YORK. Magdeburg Fire Insurance Co. OF MAGDEBURG. Magdeburg General Insurance Co. (MARINE DEPARTMENT) OF MAGDEBURG.

The National Marine Association (Limited) OF LONDON. Merchants' Mutual (Marine) Insurance Co. OF BALTIMORE.

Franco-Hungarian Insurance Co. (MARINE DEPARTMENT) OF BUDAPEST.

Solid Fire Assets,

Cash Capital, .

$9,568,839 4,000,000

The ETNA'S Loss-Paying Record is Unapproached by any other Company in the World.

$3,782,600 00 Paid in a Single Fire at Chicago.

1,600,000 00 . Paid in a Single Fire at Boston.

LOSES PAID IN 68 YEARS, $60,180,399.

INSURE WITH

THE ÆTNA OF HARTFORD. CONN.

THE LARGEST CAPITAL ! THE LARGEST ASSETS ! THE LARGEST SURPLUS OF ANY AMERICAN CO.

GEO. C. BOARDMAN, Gen'l Agent, THOS. E. POPE, Ass't Gen'l Agent. N. W. WINTON, City Agent.

No. 311 California Street, SAN FRANCISCO, CAL.

1272

SAN FRANCISCO DIRECTORY.

INSURANCE

COMPANY

CALIFORNIA

COMMERCIAL INSURANCE COMPANY OF CALIFORNIA.

Office: 439 California Street,

(Safe Deposit Building)

SAN FRANCISCO.

FIRE AND MARINE.

CAPITAL PAID IN FULL, -

$200,000 00

446,611 09

Assets, January Ist, ISS7,

Losses paid since Company was organized,

1,5$1,849 51

JOHN H. WISE. President.

CHA'S A. LATON Secretary.

The London and Provincial

FIRE INSURANCE CO. (LIMITED) OF LONDON.

Capital Subscribed and Guaranteed, $4,185,145 00

HELVETIA Swiss Fire Insurance Company OF ST. GALL.

CAPITAL, Subscribed and Guaranteed, $2.000,000.

Swiss Marine Insurance Cos. Combined CAPITAL, Subscribed and Guaranteed, $4,000,000.

HARRY W. SYZ, General Agent, 410 California Street, S. F.

1273

INSURANCE DEPARTMENT

MANNHEIM INSURANCE COMPANY (Limited) MANNHEIM, GERMANY, (MARINE.)

Capital. . .. $2,000,000 Paid up Capital. ..

... .$500,000

LONDON OFFICE: 79 CORNIIILL, E. C.

THE STRAITS INSURANCE COMPANY (Limited) OF SINGAPORE, (MARINE.)

Capital. $3,000,000 Paid up Capital. .$600,000

This Company will pay a Bonus to Policy Holders out of the Annual Profity.

TRANSATLANTIC FIRE INSURANCE COMPANY, OF HAMBURG.

Capital ... $1,500,00

Assets Jan. 1, 1887. $1,251,296 47

Surplus .. .. $276, 166 67 |Invested in U. S .. . .. $501,836 48

THE STRAITS FIRE INSURANCE COMPANY,

OF SINGAPORE.

$2,000,000

Capital.

GEO. MARCUS & CO.,

232 CALIFORNIA STREET, SAN FRANCISCO, CAL.

GENERAL AGENTS FOR THE UNITED STATES, AND TERRITORIES WEST OF THE ROCKY MOUNTAINS.

COMMERCIAL UNION ASSURANCE CO.

(LIMITED) OF LONDON.

Subscribed Capital $12,500,000

Paid up Capital 1,250,000

Total Cash Assets, Gold. 12,476,165

Total Liabilities, including re-insurance, funds, etc. 8,253,817

Cash Surplus to policy holders. 4,222,348

All Losses on the Pacific Coast Promptly Paid through the Branch Office of the Company at

301 CALIFORNIA STREET,

SAN FRANCISCO, CAL.

C. F. MULLINS, Manager.

CASH INCOME 1886,

$5,873,365.50.

Total Amount of Claims Paid : Over Fifty-one Million Dollars !

1274

SAN FRANCISCO DIRECTORY.

ASSESSMENT

Life Insurance.

The Average Age and the Average Cost will Increase,

The advocates of assessment insurance insist that they can keep the assessments from increasing by keeping the average age of members from increasing by the admission of new and young members. This is so transparent an error as scarcely to merit notice, but one example will show the the impossibility of preventing the increase of the average age. Take a society with 8,182 members whose average age is 35. The total years of age is 8,182 x 35=286,370 years. The deaths for ten years (according to the mortality table) will be as follows : 1st year, 73; 2d. 74; 3d, 74; 4th, 75; 5th, 76; 6th, 76; 7th, 77; 8th, 78; 9th, 80; 10th, 81; total, 765.

At end of the tenth year they have 7,417 members, age 45- 7,417 x 45= 333,765 years.

Add 765 new members at age 35=

26,775

And you have 8,182 members, 360,540 years,

whose age is 44.06 years, an increase of 9.06 years. If you add 765 members at age 20, the average age is 423% years; an increase of 733 years.

The average age will increase; the young and healthy WILL drop when they begin to see what they are paying for the old members who are dying. It is impossible to keep the average age at 35. The co-operative men assert that insurance with them cannot cost more than $8 to $12 per $1000. To show the falsity of this, take a society with 10,000 members, aged 35, insured for $1000 each. Here is a liability of $10,000,000! The expectation of life at age 35 is 31.78 years, say 32 years. This $10,000,000 must, therefore, be paid in 32 years. 10,000 members paying as much as $12 a year for 32 years will pay only $3,840,000, or $6,160, 000 less than the liability. Now if the members cannot be required to pay more than $12 per annum, how is the deficit of $6,160,000 to be made up? If they pay only $12 a year, HOW LONG will it require to pay the $10,000,000? Answer: 83 years. This would require that they attain the average age of 118 years! or 51 years over the expectation, according to the table of mortality.

Actual Net Cost of Insurance.

While the NET COST of $1000 insurance, at age 35, is only $9, the cost rapidly increases to $11 at age 45, $18 at age 55, $40 at age 65, $62 at age 70, $145 at age 80, $445 at age 90, and $1000 at age 95. These facts illustrate, among other things, the greater advan- tages of an AVERAGE Or LEVEL Premium, which is never EXCESSIVE, and which prevents the Policyholder from being FORCED to abandon his insurance without any return for premiums paid when overtaken by old age, as at best, Policies on the Assessment plan have no value for surrender. By the "Level Premium " plan, owing to increasing dividends, the ten- dency of insurance is to become LESS costly with advancing age and inability to pay; whereas, with the "Assessment " plan, the cost increases in proportion as the ability to pay diminishes.

1275

INSURANCE DEPARTMENT.

GUARANTEE (OR FIDELITY) BONDS

(As required by Law or for Private Persons) by which the Honesty or Fidelity of Agents, Cashiers, Clerks, and all persons holding a Fiduciary Trust is insured against Defalcation and Embezzlement.

ACCIDENT (OR CASUALTY) POLICIES AND TICKETS

By which Indemnity is made for Accidental Death or Temporary Injuries received through Accidental Cause, all issued at Low Rates of Premium by the

FIDELITY AND CASUALTY CO.

Of New York.

Assets, . $600,000

JAMES R. GARNISS, General Agent, 219 SANSOME STREET,

(Basement.) SAN FRANCISCO, CAL.

THE TRAVELERS LIFE AND ACCIDENT INS. CO.

OF HARTFORD, CONN.

Cash Capital, paid up, - $600,000

ASSETS, January 1st, 1887 $9,111,589 68

LIABILITIES. . 6,982,423 80

SURPLUS

2,129,165 88

OLDEST ACCIDENT CO. IN THE WORLD! MOST LIBERAL LIFE POLICY ISSUED !

JAS. G. BATTERSON, President. RODNEY DENNIS, Secretary. WALTER W. HASKELL,

General Agent for Pacific Coast.

242 MONTGOMERY STREET, COR. PINE.

1276

SAN FRANCISCO DIRECTORY.

1845.

1887.

THE PERFECTED POLICY -- OF- The Mutual Benefit

LIFE INSURANCE COMPANY

-- OF-

NEWARK, NEW JERSEY.

CLEAR + BRIEF + JUST + LIBERAL.

AFTER SECOND YEAR NO RESTRICTIONS ON RESIDENCE OR OCCUPATION; No Forfeiture in case of Lapse.

INCONTESTABLE!

CASH LOANS made up to one-half of the Reserve on Assignable Policies.

ANNUAL DIVIDENDS.

No Stockholders. All Profits go' to Policy Holders.

Amount that may be Borrowed, and Value in case of Lapse, at any period, stated on Policy in Plain Figures.

Policies Payable Immediately on receipt of Satisfactory Proofs of Death. THE BEST CONTRACT EVER OFFERED !

Total Premiums Received to January 1, 1887, Paid Policyholders since Organization in 1845, 92,812,907.67

$111,661,106.58

JAMES MUNSELL, Jr., Agent for Pacific Coast,

415 Montgomery Street, San Francisco, Cal.

1277

INSURANCE DEPARTMENT.

MUTUAL BENEFIT LIFE INSURANCE COMPANY,

Newark, N. J.

Assets, Market Value, - Surplus, N. Y. Standard, -

$40,826,265.15

5,512,129.31

EVERY POLICY ISSUED BY THE MUTUAL BENEFIT IS ABSOLUTELY NON-FORFEITABLE.

"EXTENSION SYSTEM."

If, after payment of two years' premiums, the Insured should fail to pay any subsequent premium the Company agrees to extend the full amount of the insurance for as long a period as the full reserve less premium loan, if any, will pay for at term rates. Thus, if from inability, forgetfulness, illness, or any other cause, the Insured fails to pay any premium when due, his insurance is not forfeited, as is the case with the usual form of life policies ; but his insurance is, without any action on his part, continued in full force until the reserve is exhausted ; so that whether premiums are continued or not, the Company guar- antees a dollar's worth of insurance for every dollar of premium paid.

Example of a Lapsed Policy Paid in Full.

$2,500 Insurance under Policy No. 100,921, on the life of Walter E. Latson, of San, Francisco, was issued in October, 1880, the annual premium being $49. He paid three premiums, amounting to $147, in- cluding dividends. He did not pay the premium due in October, 1883; but instead of taking a Paid-up Policy, he allowed his insurance to be EXTENDED for 3 years and 167 days after lapse, making in all 6 years and 167 days' insurance at an average yearly cost of only $9. 10 per thousand. Mr. Latson died in March, 1885, more than one year after lapse of the Policy, which, however, was promptly paid in full by the Company,

THE ABOVE RULE APPLIES TO ALL POLICIES, THUS: Party Insuring at Age 35 on the Annual Life Plan IS ENTITLED TO

OVER 4 YEARS' INSURANCE FOR 2 YEARS' PREMIUMS ;

OVER 10 YEARS' INSURANCE FOR 5 YEARS' PREMIUMS ;

OVER 20 YEARS' INSURANCE FOR 10 YEARS' PREMIUMS ;

Or, if preferred, a Paid-up Policy for its full value is issued in exchange.

The value, in case of lapse, is endorsed on the Policy in plain figures; and on Endow- ment and other plans the value and extension are very much greater.

"Premium Loan Plan."

To such as desire insurance with the least possible outlay of cash, the Company offers the privilege of the 30 per cent. loan plan. Under this plan the Company agrees to accept & uniform cash premium of 70 per cent. of the full rate, the remaining 30 per cert. being charged against the policy as a loan to be met by dividends, or, any residue thereof to be deducted from the face of the policy at death, if it should not [pre- viously have been paid off in cash or by dividends. Premiums are payable in advance, either Annually, Semi-Annually, or Quarterly.

Why run the risk of forfeiture ? or why trust to the uncertainties of the assessment plan? when you can get ABSOLUTELY NON-FORFEITABLE INSURANCE at the LOWEST NET COST IN THE MUTUAL BENEFIT LIFE INSURANCE COMPANY, of Newark, New Jersey, which has paid Policy-Holders since organization in 1845 $92,812,907.67

JAMES MUNSELL, JR., Agent for Pacific Coast, 415 Montgomery St., S. F.

1278

SAN FRANCISCO DIRECTORY.

THE BEST COMPANY. } THE THE BEST CONTRACT. MUTUAL LIFE INSURANCE COMPANY

OF NEW YORK

OFFERS ITS

TERM DISTRIBUTION POLICY

As the Best Form of Life Insurance Contract Ever Presented.

The Policy is Simple, Liberal, Non-Forfeitable.

These Policies are issued having Distribution Periods of Ten, Fifteen or Twenty Years, as the applicant may elect.

OPTIONS

At the end of each Distribution period, the owner of a "Distribution " policy can

1. Surrender Policy and Dividends for Cash; or,

2. Surrender Policy for a Paid-up Policy, and draw Dividends in Cash ; or,

3. Surrender Policy and Dividends for a Paid-up Policy; or,

4. Continue Policy and use Dividends in reduction of future Premi- ums; or,

5. Continue Policy (at original rate) and draw dividends in Cash ; or,

6. Continue Policy (at original rate) and let Dividends increase Policy; or,

7. Continue Policy (at original rate) and use Dividends to purchase an Annuity.

A Paid-up Policy is guaranteed at any time after the third annual premium is paid, in accordance with the laws of the State of New York.

The Distribution Plan of this Company presents a most attractive investment feature. It not only accumulates the surplus arising from the premiums over the cost of the insurance on each policy in force during the Distribution period, but increases it by compound interest.

DO NOT TAKE ANY OTHER. SECURE AND PROFITABLE AS A U. S. BOND !

Apply for full particulars to

A. B. FORBES, General Agent,

214 SANSOME STREET, SAN FRANCISCO.

Or at any of the authorized agencies of the Company established in all the principal cities and towns in California and other Pacific Coast States and Territories.

Langley's San Francisco directory for the year commencing 1887, Part 301

Author: Publication date: 1880 Publisher: San Francisco : Francis, Valentine & Co. Number of Pages: 1432

Author:
Publication date: 1880
Publisher: San Francisco : Francis, Valentine & Co.
Number of Pages: 1432