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

40 'HcIc Has ucen no time within our re-
collection when 1t was Of more Importance
tor parties to scrutlniZc the character and
solidIty oi the guarantees they hold of the
description named Us the h.adiDy of this
article, We take pleasure in calling the at
tention oi our numerous patrons and read
crs to one OF the leading institutions OF the
country, >iz: The Home Insurance Com
lany, oi New York, as peculiarly entitled
TO their consideration and regard as being
what 1t purports to he, an "Iusurance Com
pany; Tor with its large paid up capital
and accumulated surplus. together amount
lng to nearly one and 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
crcasins business through its agents, care
fully appointed in all the principal 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.cs, nis Inducements TO all who seek to be
protected against loss by that most destruc-
tive elemcnt-tire, and who when they
pay their premium, wish to know that they
nave paid 1t Tor real protection, and thus
be free from all care aud anxiety as to
whether, ii they should De SO unfortunate
rs to !ose their property by the ravagcs of
ire, they may rely upon indemnity without
qmbbllng or unnecessary delay. We learn
that In the competition now so rife in this
rs well is III most other kinds OF business.
and forming one oi the marked character
l>tcs ct the age, many OF the weaker class
OF companies, and those recently or.e,nizcd.
are Offering their policies at rates wnict, no,
only the older and more prudent undrrwri
tiers, bI, sag1oiops business men generally.
regard ao inadequate @ud unsafe lkis
must, we think, lead to tie winding up of
numbers of this class; indeed this prLg,,5
may bc SAID 10 have commenced already by
the explosion recently of some twoor three
whose soundmcsS had been more than
dc~htcd, and whose reckless manner OF
DONG business ii@I excited much comment
among tie insurance fraternity We H.
gard ,hlS matter of Insurance very much
as we do the employment of a physician.
and III both cases would have only the best.
who would for moment think OF cmplov-
lng doctor simply because he offered -
attend his patients and administer his me
dlclnes at one half or two thirds the price
;harged by the old and wel-tricl phvsi-
cian, whose Xpcrlence is his reliable cant
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 tins
matter OF insurance. Wha. we want is
ccrtnn security, not that which is doubtful
or which may ca sc us Il single thought
OF care ia regard 10 its security in time of
nced-such is not worthy the name of in
SuraDcc, and Is but little better than "A mcr.
gambling operation, both on the part of The
noumM insurer and the party who accents
the policy; Tor if the former offers his pulley
at Il rate below what experience has taught
can be remuncrative, 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 sllstains loss it Will
be while the inSit ittgtiOn is get able to pay
a ialiacious hope III many instances There
fore we would say, if any attempt at insur
ancc is to be made Ey paying premium and
accepting policy, let it be done in earnest,
and let there be no doubt about it, by do,
ing business only with companies which are
known to be sound and well managed, even
1t they will not tempt us with the low rates
offered by noyices aud mere Adventures in
this business We find we have made n
longer paragraph than we had Intended,
but lhe Importance of this subject ofnsur.
ance, especially to the particular class of
the community among whom our paper
clrculatcs, and more especially as we con
slider that the view we have here presented
has not had due consideration generally,
must he our excuse N y PathfnGcr