The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-05-09

E New York LIFE Insurance CoMPANY-MU
rUAL sYsTEM-At a meeting Of the Local Board o
Directors for tbs New York Life Insurance Compa
ny, a. the Capitol in the city of Richmond, on Wed
nssdey, March 18th, 1857, thu following was unani
mously adopted:
The undersigned President and Directors OF The
Company have examined tbs report ana exhibits o
the New York Life Insurance. Company, for the yea
ending the first of January 1857 and being sa:ishsC
with its prosperous condition, cordially recommend
it to the encouragement ana support Of the commu
nifty.
Its capital has now sttgned the sum of j zee Oh
invested in State Stocks and Bonds and NJ ortgsge
on zeal Estats. We think it most profitable anc
safe mode OF Investing monsy. The profits inure to
tbs benefit of the insured and have averaged rot ss
t lsn thirty per cent. psr snnum the premumI
paid. Besides these investments In stocks, TO-. the
law OF New York requires additional security
tiet 100 600 sha BIS deposited with the state Comp
troller, to meet any lawful demands which the Gem
pany may fail to pay.
We invite attention TO tbs nature, offsets and ad.
vantages OF Life Insurance forth by this nsli
tuition.
GEO. WYTBE MUNFOED, ESQ President,
(secrstary of the Commons ealth OF Virgnia)
DIRECTORS.
GEO. w. CLUTTER, EsQ
(Audito- Public Accounts
THOMAS II. ELLIS, ESQ,
president James River and Ksnawha Comy)
THOs. 2. AUGUST, ESQ,
(Attorney at Law
WIN. G. PAINE, ESQ,
Kent, Paine Co, Merchants)
JOHN RAGBY, ESQ,
(Farmer, King "a Queen county, Va.)
REV. CHAS. Fl READ,
Pastor United Presbyterian Chrrch.)
REV. JAS. B. TAYLOR,
Corresponding sec'y Southern Sap. Convention)
No COMPANY in the United States affords more ad
vsntansss to the insured than the Adore. DIVIDENDS
are declared annually, which have averaged about s.
or 40 per cert on the W hole amount of eremium-nt
SOUND COMPANY has sver declared larger Dividend
than the NEW YORK LIFE INSURANCE COMPANY
The Dividends are paid in Scrip, bearing u per cent
interest as soon declared.
When the premium amounts to $50 and upwards
40 Fer cent will be loaned the insured at per cent
interest, which is never paid By the insured tn.
dividends have heretofore been sufficiently largo tc
pay off the 40 per cent. notes.
The person insured, is entitled to per cent int
rest on the Dividends, which goes 10 pay the int
rest the notes. Thus 1t will be seen, that thil
Company is far preferable to any other as regard.
the RoTE and DIVIDEND system.
WHAT IL SHOULD DIE TONIGHT?
Let each ons ask himself this question: Gprnosa I
were called to render up my ACKNOWLEDGEMENTS
this for tbs world ofspirits tonyht what provision
have made TO secure the mforts of life to thnss
who are dependent ms for their daily sustsnspcs2
Would those who are dear to ne be safe from the
psngs OF want! Would this dear wife and these
aged parents be independent of the cold charities
this world! Would these dear children committed
TO my care, have 6 comfortable home and the means
OF education Would there be no sacrifices Of pro-
perty by forced sales, to mee the demands of credi
tors or the wants Of those leave behind mea
In view Of all thsse facts, ought we not, while in
health surrounded with the comforts of hfe snd the
means within power, to provide for families
a policy in the New York Life Insurance Company
for some 5 $40 COO, which costs only a small
amount annually, which will protect us while we
live and our families in the event of de ath, which
must overtake US oil, sooner or later?
For informs On the subject of Life InsuraBce
we would advise you to call on Mr. C.. WoRraAn
Local Agent, POS Main street. or CHAs. T.. Won.
TRAM, General Agent and Attorney 70 Virginia. or
for reference apply to either member Of the LocAI,
BoAsD, all OF whom are Insured for large ameunt,
T.: 4 Tss;:::: Examiners.