The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-05-18
ETSA LIFE INSURANCE COMPANY.

We have recently been showl by Mr.. JOHN
IIER1oT, JR., the Agent of the Company i'll thi
city. a statement of the lEtna Life Insurance com
pany's business for tho year ending January lsl
1867 by which it appears that it ISSUED 14O32 poll
cics, larger number than was issued by any com
pany with one exception, the Mutual Life Of Ncv
York which issued 14.3. o. The magnitude of th'
new business may be seen by a comparison of thu
number CT policies issued with those Of other com
panies doing business in New York. The avcrag;
number of policies issued during the year 1866 by
New York companies being $3.50, by companies G
other States 4 1913.
The receipts Of the Etna .nr the year wore
50, ,55G 29G being an increase of about 81 900, ,00(
over the previous ycar. After paying all losses ant
expenses for transactng the business the princcly
sum Of So 3G5 900 was added to it's surplus, making
the assets of the company upwards OF s5,000.0 0OO
all of Which is safely invested. In number o
policies tho business Of 1866 that for the eal
1861 was 1928: in amounts insured Sf9, 9,0S6,757.
1t appears from the reports 10 the insurance dc.
partmcnts of New York and Massachusetts thai
the business of this company has been increased
in greater ratio proportionatcly, during tho last
six years, than that of any other company. Tho
premium receipts Of the company for the ycal
ending September 1st, 1861, were less than O0O
and it will be seen from the abovo that only some
five years later its receipts for single year wern
upwards of 50, $50, 000-a marvellous increase.
The business of the company tho present year
thus far exceeds very largely that for tho cores
ponding months of last year both in number ol
policies issned andreceipts, the latter averaging
upwards of s4O0, GOO per month. With it's agencies
new so thoroughly established, and its full COM
plement OF experienced and onterprising agents.
who arc systematically canyassine the country, its
unparalleled success must continue.
The following concerning the Company is from
the Insurance Monitor, for Anr 1867:
ErNA LIFE INSURANCE CoMrANy.-Thc Etna
Life presents the most signal example of American
progress and accumulativc energy. Every branch
| and department OF the institution appers to b,
| rcpctc with the most active vitality and growth
and the rapdty Of its Advancement is sn sreas
that it promises to eclipse all it's competitors and
to become If it is not already. the first Life 1nsur-
ancc Company in America.
How neal ~ these pressagcs arc already accom-.
| pshcd and how certain they are of complete and
speedy fuIillmcnt, may be gathered from the fol-
lowing facts About five years a5o Lhc iEtna Lirc,
4 which is possessed Of stock capt. Of One Hun
drcd and Fifty Thousand Dollars commenced bust
|
policies, the premiums amounting to but sc iS},
| G7 Since that period it's growth hns been some
| thing altogether unprecedented in the history ol
Life Insurance. its business having hecn annlal.y
doubled tripIed. and, Oh one nccasion almost
Guadrupcd, till it has cuuliuatctl III the vcar!
issue OF over fourteen thousand policies. insurinS
over forty million dollars at the same time That ii
was the Recipient OF the ANIMAL revenue OF over
tllrco and llalf million of dollars.
| It sccordnAy appsa,stthat the !Etna Lie in
surod last year, with one exception. the largest
number of PERSONS Of any company in Lllc United
| States, and oven as TO amount insured 1t Is sur
| passed by only two companies, and 1t iS probable
that it would not have been exccllcd by them in
| tins respect 1T were not deemed Incompatible With
it's permanent interest to grant single policy Tor
a sum exceeding ten Thousand dollars: for, al
though remarkably prosl slcsiivc the !Etna $
course has ALWAYS been equally prldcnt, sitc All 4
CONSERVATIVES but certainly IN ita increase Of bu-
sinoss in 1866 over that Of 1861 including the is
sue OF policies, amount insrcd and total income.
when its position and that Of other com i'allcS nj
the commencement of last year are duly considered
| it must be regarded, beyond comparison, az the
most successful OF all. The present year wit.
| nesses no abatement of This youthful vigor and
growth. On the contrary, we learn that compn-
ny'sncrease in business in 1867 is nearly ,tlOubc
that of The corresponding months OF lSGEi The
realization of The avowed purposc OF the man
agcnicnt Of the !Etna Life To make their
company tho first largest aud best in the
Union, appears therefore to have bccunic n
part Of the manifest destiny oI the nation" "
T. It must he admitted that :tlIer1 is something
truly llspilin. in the contemplation of the nobio
achievements ut this company; FOR, although the
material progress it has made IS measurable BY
the actuary, the good 1t has done and the good it
il vet destined to accomplish transcend the ralcll-
lation of all but Onlnisricncc. Tie battles VIC
tory the triumph of material art and science, are
less glorious than the cOnqucsts uf genuine
philanthropy, OF which Life Insurance is perhaps
the most perfect emanatioI. In all countries and
in all times the widow aud orphan laro been re-
gar,lcd rs special objects OF solictudc and bounty
by tho good and groat, and even in the dark ages,
! the dauntlcss and true knight added q lnstrc t.
his fame by aHordtng them relief and projection.
Yet never until now--nercr until the complete cs-
tablishmcnt OF life Insurance have the widow,
orphan, and sucl dependants bucn JUSTLY sufi-
cienty, ibcrally and huuorab v provided Tor, and
n company like the Etna Lifo, that takes the lead
i'll this most bcnctccnt work is, therefore, dc
serving OF all honor. praise aud encouragement.
There is vet one feature peculiar to tho iEtnl
Life entitled to especial commendation and that
il its economy. In this regard, notwithstanding
it's activity youth, growth, and amount of new
business, it presents r. markabie exception, and
the skill and care Of it's President, L. a. GnIkcry,
ESQ.,. nnil its Jealous and able secretary, II. d. En-
tlers EsI., are manifest in tl,c SUCCESS which las
attended their efforts tG unit G i'll tllcir management
the qualities Of extraordinary efficiency and strict
economy. The ratio of the Etna's expenses
to premium and total income ~ owor than
under tho latter heading, less tllan that Of the
Connecticut Mutual, notwithstanding liz ad-
vantages possessed BY those companies in
their great accumulation of many years business;
but altl ugh the ratio OF tho Elna's dobursc-
lnenls is now considerably below the general aver
age it might have been reduced below that of nmy
but for its generous, and, in most instances, most
laudahe practice Of paying claims before maturity.
It keeps 10 orphaa or widow waiting for her in
snrancc money, EXON whom not legally payable. II
| Al.
rather than the policy Of preparing materials fo r
au attractive exhibit. This genial bcncvoIencc
and liberal dealing ronder the company great ia
rOrite with the public.
Similar conlmcn,lation might be Justly extended
to its other popular features and rcturms including
it's noll-forfeiiure pollees its helpful credit given
4lnrinS theicontinuunce Of hhcy, its equitable di-
vision OF all the ptoits among the insured except
the six per cent. on the stock capitnl AMI It's excrs
cut and productive dividend system The last fca-
ture lias afforded great satisfaction to its members,
| for its dividend which 'is paid two wears from
date of policy and annually thereafter Oh the
amount uf pre- num- has for this year and for
several Years past amounted tn 5ll per cent. and is
paid promptly III tho sa,IIc year it is declared in
cash or cash rpuicies or applied to the credit OF
| those who have received credit. We Should how
| ever exceed the space to which 40 are restricted,
if We were to cnillncrato tho special advantages
cnoycd by tho members OF the Elna Life wlo
! now number over thirty thousand, and who seem
to FULLY appreciate their privileges, for they arc
tho conlpanys voluntary and, in many instances.
most efficient agents and assist in spreading lis
benefits with an carncstnnss Hild cur,lialt, which
speak well for llcr bccy"rncc amd volumes fol
| the institution itself.
The .Ena Life is one of the soundcsi and safest
life corporations. IL has five million tlolars
securely invested ut interest, and million dollars
surplus over all liabilities. including the full value
Of all existing lml:clcs. lrom every point oi view
this great company displays features of special
merit and unusual cxcccncr; and if tie prediction