The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1855-01-31

!inxtaposi,ion with the Abolition party;
but, as he has nncquivucally disclaimeJ
any thing personal or offensive. shall
make II" personal reply TO him. only
desire to say to The House that was
Il member of the secession party Of
South Carolina, and whoever saws
| aught against the honor or character
| of that party | will answer them with
Il monosy liable.
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TIE SOUTHERN MUTUAL LIFE IS.
suRANCE CoMrANY.-At the last scs
sion of o"s Legislature this company
was chartered and mas commenced its
operations. The following are its
officers:
Hon. w. T. DcSansure, President,
Prot: {. +. McCay Acluury, DR.. John
Fisher, Treasurer
DIREcrons lion. w. +. DeSau
sure, Hon. Jo II S. Preston Dr. NJ.
Lab"rdc, &. i. McCay, DR.. j. McF.
Castor, John Bryce, Richard SondIcy,
Dr.. John Fisher, Edwin j. Scott.
James V. LyIcs, DR.. j w. Parker.
}. NJ. Alien, Hon. J. B. O'NenIl
Thomas c. Perrin, j. p. Reed, Il.
Ward, John A. Bradley, r. Dublin.
| {. a. DcSnusure, B. c. Presley w.
l.. Martin, j. Wn!lord Tucker, Rev.
~. Martin, Rev. WIN. Creek.
The rates adopted for Insurance arc
lower than those charged by good
Northern Companies for resident: of
the South, though higher than they
charge for persons residing in The
Northern States.
Thus for insn'ing $1,000 for one
year at the age Of 30, the premiums
required by the Mutual Life nf New
York is Sl6.33 by the Mutual Bcne
fit of New JcrSr. it is SlS 10; by the
New England Mutual of Boston it is
$l4.2O; by the Kentucky Mutual il,
is *l7.6O; while by this Company i,
is $3.50.
For insurance for $1,000 for the
whole life at the age of 80, the preni
un in The Mutual Lii;. OF New York
is Sl4O.l0; in the Mutual Benefit of
New Jersey it is $l4O.3O; in the New
England NJ t.lal OF Boston it is $l26.
50i i'll the kentucky Mutual it is
$4,000; while in the South Carolina
Company it is only *l2oOO.
From these rates this Company
dcdmcts one fourth for he first year,
requiring II" note for the reduction,
but rcnnilting it entirely. The first
payment for 81 900 III the age of 80
for one year is only s9.97. and for II
whole life policy only slS.75.
For subsequent pay ments after the
first, reduction will also be made in
proportion to the success and profits
of the Company.
The object of Life Insurance Com.
panicS is to make provision for the
widows and orphans of their members.
Every person who joins the Company
pays in II small annual amount, and
these premiums and their accumua.
ti"ns ut compound interest, form Il
fund out Of which payments are made
to the surviving families OF the insured.
No more benevolent, prudent and
wise disposition, can be made of his
funds 10y any husband or father, who
has not accumulated competence for
his wife and children, than an invest.
'ncnt Of part OF his annual income in
Il Life Insurance Policy.
The uniform success Of Life Insu.
rance Companies, shows that the true
value of the risk insured against is
well aScer,ained. by examining the
bills of morality at several places, il
is found that the risk OF death among
II large number of persons is almost
invariably the same. This risk being
/ known, he proper premium for each
insurance is readily ascertain d.
II the premium is sufficient aud
safely invested, the security AMI
stability of II Life Company is mqucs
,i"lable. AS our funds cannot, by
the character, be invested except in
State Stocks or in Bonds or Mortgages
on unencumbered real cstute worth
three times the amount of loan, n loss
OF the funds is impossible.
No risks taken but on persons in
sound health and ofg"d habits.
The amount to be insured ON any
one life is not to exceed $4,000.