Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1860-04-27
Life Insurance.

Life insurance companies in this country are
comparatively Of bat recent date. Prior IL
1913 they attracted but litllc attention; hut
since tia. tmc they have been growing i'll
number and in favorio what extent may he
inferred when We state tia! III 1873, eleven
companies in New York had issued jas;
policies, covering the amount Of SIS J,o23,a GOO ;
while the returns Of ] $50 show IL, ,I3l policies,
covering *3l, ,424, ,o00-ttc business having ia
creased one hundred per cent. III that timc.-
At present there are running in this country
about 80, 600 policies covering one hundred
and seventy millions OF dollars
In England. whcle life insurance companies
were first established, about one hundred years
ago they nave 50 grown upon the conii'lcncc
Of all classes, that scarcely any one who can
co,inaud tic means, from 4 :rw >i.Ili!n.S mp
ward. but las u policy on his liic. The artZun,
shop Keeper. merchant, professional I';I;', the
mun Of wralth--indrr,i, all who wislflo secure
to ,hcir families alter their own death the
comforts enjoyed by their families during their
life, avail themselves Of The benefits ni life
policy, which ran lac u',ained At very little
sacrifice, even 10 those whosr earnings arc
small
In England, with population Of live '''!-
lions less than the United States. there ~" FIVE
ti.ucs as many lives insured.
In the United Staic.. where labor If ull
kinds i. is compared With En.ia!d largely
rcmrntra;ed. ard living comparatively cheap,
tlcr. a.c thousands Of Industrious, temperate
men, whose earnings ARE ~" hundred aud fifty
To five hundred dollar. = year. who rnuld easily
save from ten To iiIy dollars hy very slight
curtailucnt in their liitir daily Useless extra
yacanccs. and which,, Invested annually in 4
life prlicy, wculd secure 10 their families 4
SUM equal to iroIa t%n t1 five Years earnings
Of 1i,c husband and lathrr, md thereby save.
.l.ir families irnra III liuwr!cpEv .IcpcEd.ucc
upnn others, uri from tie terrible struggles OF
hopeless poverty Poverty is not only an af.
Fiction, but is TOO ultcn the chief !nl"i' of
crime. and, with tbs young. especially, Il terri
blc enemy TO moral and mcntui Development,
as we'll As To matclial rnE.forl alL Il i rs
much the duty III u ,nH: 10 Stc':rr iiis !A!HIy
frop uenury nn,l Wuli, IN The event nI his
death, as il is Gr him TO provide nr them while
he lives
OF the o., ,U0U Lille policies no" rnnning in
this country colu:.a,ntvely:frw aTc held in the
Souti. w., mr., clad {" knew, however, that
within the Inst few Years the subject has ut
,ractcll iii. attention of oar people. AMI that
the plumber n. policies is increasing. Seyc-
raj ni the best companies nf nGr country nave
had agencies in oar city for several wears, and
have already paid :. large amount To the lei, 5
of deceased prrsons w!ioS, lives were insured.
Rut il, this business. - IN merchandising and
manufacturing, VT srr 10 good reason why we
should moi Cn I,lr own liic.inSirins, ard Why
nnr own Insurance companies should not oiler
aS rood security or aS favorable advantages as
foreign companies Our last Legislature char
tered another life insurance company for this
civ We urc not advised as TO the terms or
The ,r;ncipies on which the charter is based;
bat we prefer a purely mutual association, in