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Updated: June 3, 2025


Individually, it gave me a feeling of pride and satisfaction to be the representative of a company which manfully stood up to the rack with the best traditions of American fire insurance. It may be well to recall to mind as a historical fact that it was at this meeting the term "dollar-for-dollar" companies was born. Coming Back to San Francisco

This was a golden opportunity for representatives of the "dollar-for-dollar" companies to secure valuable agents, as carrying capacity was in large demand to replace those companies that had either failed or made unsatisfactory loss settlements. That there was an abundance of the latter admits of no dispute.

Is the club to be a charity, a benevolence, or a business proposition that is, a free gift, a partly supported institution, or a dollar-for-dollar bargain?" The older men believed in charity. Jim opposed it as wrong in principle. As a business proposition it was hopeless, at present; so he definitely labelled it a "benevolence."

At the termination of the meeting, President Chase of the Hartford, President Damon of the Springfield, Chairman Spencer and several others, all leaders in dollar-for-dollar ranks, some of whom are alive and some of whom are gone, gathered around and congratulated the California upon its attitude.

This statement brought from the dollar-for-dollar companies a gratifying amount of applause and the "six-bit-ers" sank into silence.

A shrewd, exacting, penny-for-penny and dollar-for-dollar business woman was concealed under the mask of her good-natured face and air of motherly solicitude. Miss Jamison, at the very start-out of her career, was inspired to call her little "snide" boarding-house after the founder of the particular creed professed by the congregation of the neighboring church.

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