Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1845-08-01
From the New York True Sun.
LIFE INSURANCE.

From the New York True Sun
LIFE INSURANCE.
The system of life insurance is one of the the
triumphs Of modern civilization. It was reserved
for our own times to conceive the design of pro-
viding against an inevitable contingency and dis
armlng It of some of its worst consequences.-l
While we live. we may protect those who are de-
pendent upon us, but when death sesers the ties
of others most dear, it is a consolation ITO know
that our foresight has made provision for the wants
to which we can no longer minister. Those in
situations which therefore contrved to alleviate
the wretchedne>s Of mankind, should receive our
especial consideration and the press, which claims
to be the friend of humanity, negects its duty
when it Goes not sustain them with all its power.
The public should be told, and told with earnest
ness, that it negects its true interests when 1t
does not avail itself of these great modern auxiIia
ries to domestic quiet Instead of occupying itself
with questions of light and trihing character, it
should endeavor to enlist reason, judgment and ass
lection in aid of those associations which have
the interests of humanity SO strongly in view.
! What is Life Insurance ? 1t is an engagement
made between an individual and company hav-
ing capital and responsibility, to this effect, that
the insurer by paying annually a certain small
sum of money, shall ensure to his representatives
large one on the contingency of his death. But
even this humane contract Is now made more BEN
eficla to the insured than formerly. These an
nua payments or premiums have hitherto been
the profits of the business and have been divided
among the members of the association in their
character of stockholders. But it has recently
been ascertaned that the contract may be made
still more advantageous to the insured. without in
Jury, not merely, but with increased profit to the
company.
N "a inst NO u,oY q
premium it is termed, in order that at his
death, stipulated sum of money should be return
cd to his family, had no other interest. lndeed
by unforeseen circumstances he compelled
to discontinue his payments. the benefit OF the prl-
or ones was lost to him, and the object he had in
view was frustrated. But now we have aremedy
= against this evil The Nautilus Life Insurance
= Company of this city, credits each person who
has insured his life, with his proportionate share
of the general profits, and issues certificate th"re
e for, which is to be paid up at a future day. wher
4 particular sum has been earned by the company
: On the other hand. no one is charged with any
$ losses beyond the original amount of the premium
e paid. 1t is thus that the strongest nducement:
! are held out to those who prudent, to perform
what would be act of duty. without regard t,
d the present peculiary advantage. Duty and in
II terest thus made to combine and harmonse.
l. The Nautilus Company in taking this ground
If leaves nothing to be desired from them. Ru
II what is the duty which 1evolves upon the public
! Every days experience shows US how uncertain
d is life, and how mutabe are lis conditions. Th
2. changes going on are most extraordinary an
5, eventfu. No man feels perfectly confident of tn
q future. The largest capitalists i'll New York ar
Is frequently prostrated by change OF policy elthe
e. on the part of the government, or OF the monetar
Is institutions of the country. Those even who ar
al or
t in danger from every wind that blows, from tn
misconduct or ignorance of agents, and from III
tie due and misplaced confidence. There are otht
= classes of persons engaged in professional and mt
cs chal4cal pursuits, who, while they never know a
ne aueuce, struggle for moderate subsistence
d. with constant and corroding anxiety for eve
Il working at their hearts. The fearful future
II ever disturbing them-that future which is or
al dag, Perhaps to opertake wife and children
Ie. withoet protector and without home.
Sc How ean it be that these persons should hesta
for a single moment as TO their true interests =
Why is it they grieve when they may etf'ctual
relieve themselves from the greatest evil which
tx before them? very small sum, such as is throw
away at times without reflection even by the poo
- est, if laid by and applied to the purchase of pc
lev at the office of the Nautilus Company, won
dis ensure the payment of handsome sum to the Wi
of ar children the occasion Of the death of the
protector. And upon the particular plan pursue
by this company. if at any time he should becon
Strengthened in his humble circumstances the &C
tificate issued would be of marketable value, al
enable him to continue his payments usual al
- to retain the advantage for which he had SO lol
been struggling. =
We have thus briefly noticed the hAnciple al
the policy of life insurance, wk.,Qs'. going 10
those details which not only belong to the suhje
but are intensely interesting in their character
These we reserve fol future remark, being dett
mined if it is in our power, to awaken the ate
ton of our readers to the great importance of t
. system. We are happy to say that we have nc
New York company. with anew York chart
Differed and managed by most valued and Nor.
citizens, the Nautilus. which holds out to the PIT
lie not only these beneficial results, but pecul
advantages to their patrons and friends. Let eve
f,r one then seriously consider what is his duty
'' himself and his family under these circun,stanc
If ne Dies leaving them in distress, the fault is
alone.
. Oregon-M. Cdy.-Can't Prentice, We
as and Company. say a word in dennnciaton
gil Mr.. Clay. for being so indiscreet as to go
that our title TO Oregon was beyond dispn