54 



HARDWOOD RECORD 



Results Eighth Fiscal Year 



OF THE 



LUMBERMEN'S UNDERWRITING ALLIANCE 



Operating Expenses 20% 



Fire Losses 22% 



Saved to Subscribers 58% 



READY RESOURCES 



Cash in Banks $514,721.36 



Gilt-edged Bonds 256,361.75 



Premium Deposits in course of collection 100,169.32 



Total $871,252.43 



It is now fairly well understood that the dominant purpose of the 

 ALLIANCE is to PREVENT FIRES. It is through fire preven- 

 tion that we have been able to return Subscribers substantial CASH 

 DIVIDENDS on insurance premiums. The owners of eligible plants 

 not carrying our policies are missing the safeguarding influence of 

 our Inspection and Fire Bulletin Service, and are undoubtedly pay- 

 ing more than is necessary for less adequate protection. 



Write for our requirements. Possibly if your plant is not eligible it can be made so at 

 a reasonable expenditure which the decrease in insurance rates will 



partially or wholly reimburse. 



U. S. EPPERSON & COMPANY 



ATTORNEY AND MANAGER 



1101 to 1105 R. A. LONG BUILDING KANSAS CITY, MO. 



