The Carolina Spartan. [volume] (Spartanburg, S.C.) 1852-1896, 1860-08-09
Insurance.

AS lherc mas oeen no tline within our re-
collection when it was Of more Importance
for parties to scrutinizc the character and
solidIty OF the guarantees they hold of the
description named Us the heading of this
article, we take pleasure in calling the at
tention OF our numerous patrons and read
crs to one of the leading institutions OF the
country, VIZ: The Home Insurance Com
| pany, OF New J ork, as peculiarly entitled
10 their consideration and regard as being
what 1t purports to he, an "Insurance Com.
! pany; TOR with its large paid up capital
and accumulated surplus, together amount
lng to nearly one and Il half million of dol.
lars all securely invested; It's active and in
| tclligcnt Board of Directors, selected from
among the best business men of the conn
try; Its widely extended and largely in
creasins business through its agents, care
| fully appointed in all the principal C ties
and towns in the United States; its fairness
IN adjusting and promptness in paying all
honest losses, 1t stands second to none. and
! p, Is, nts Inducements TO all who seek to be
! protected against loss by that most destruc-
! tive elemcnt-Fire, and who, when they
! pay their premium, wish to know that they
nave paid 1t Tor real protection, and thus
be free tfom all care and anxiety as to
whether II they should De so unfortunate
rs to lose their property by the ravages OF
fire. they may rely upon indemnity without
| qulbbling or unnecessary delay We learn
that in the competition now so rife in this
rs well as III most other kinds OF business.
and forming one Of the marked character
/ I>tIcs Of the age, many of the weaker class
OF companies, and those recently or.e,nizcd
are Offering their policies at rates wuici, nCi
only the older and more prudent underwri
/ tcrs b&, sagaciopS business men generally,
regard aS inadequate @ud unsafe. This
must, we think, lead to the winding up OF
/ numbers of this class; indeed this process
may be said to have commenced already by
the explosion recently of some two Or three
! whose soundncss had been more than
! u~,btcd, and whose reckless manner of
/ doing business iIad excited much comment
among the insurance fraternity. We IL.
/ gard his matter of Insurance very much
as we do the employment of a physician
and in both cases would have only the best
who would for a moment think Of employ
ing doctor simply because he offered t.
attend his patients and administer his me-
! dlcnes ut one half or two thirds the price
:harged by the old and wcll-tried paysi
clan, whose Experience is his reliable capi.
| tai. Surely no one in his senses would
thus risk his life or health, or that OF his
! family, for the sake of the small saving by
/ which he might be tempted to employ
such an empiric And so in regard to this
| matter of insurance. Wha. we want is
certain security, not that which is doubtful
or which may ca. sc us single thought
or care liz regard to its security in time of
need-such is not worthy the name OF in.
suraDce, and is bur little bettert than mere
! gambling operation, both on the part of the
nculnal insurer and the party who accepts
! the policy; for if the former offers his pu,icy
at rate below what experience has taught
! can be remuneratlve, how can he expect
ultimately to meet his engagements; he is
therefore playing mere game of grab
while the party who pro :ures such on ac.
count of the low price depends upon the un.
certain hope that if he sustains loss it Will
be while the inStttVtion Is get able to pay
tallacious hope in many instances. There
fore we would say, if any attempt at insur-
ancc is to be made by paying premium and
accepting policy, let it be done in earnest
and let there be no doubt about il, by do.
Ing business only with compar ;cs which are
known to be sound and well managed, even
if they will not tempt us with the low rates
offered By novices aud mere adventures in
this business we find we have made a
longer paragraph than we had attended,
but The Importance of this subject ofinsur-
ance, especially to the particular class of
the community among whom our paper
circulates, and more especially as we con-
slider that the view we have here presented
has not had due consideration generally,
must be our excuse--N " Pathfinder,