Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-04-23
LIFE INSURANCE..
lis Magnitude and Importance
Statistics for a Year, Etc

The progress of life Insurance in the
United States proves this great browning
triumph Of modern science and phiian'
thropy to be one of the marvellous fes'
lures of our social economy From e.
tablished data, we find that forty-on'
American companies, during the hsca.
year ending November, 1865, effected
insurance on the lives Of no less than
one hundred and thirty thousand per
sons, the gross amount Insured being
three hundred and eighty million dol
lars. The income of these companies
for the same time was forty-two
million dollars, and oyer five nall
lion dollars were paid to Widows and
orphans. The whole number Of lives
insured at the period above stated was
three hundred and sixty-ive thousand,
and the total amount insured was one
thousand million dollars. These figures
are certainly ~stupendous, and forci6ly
illustrate the great sympathy and just
attributes Of our people. Moreover, large
as they are, they are a%ugmenting with
great rapidity, as the fact is now univer-
sally established that in every family
the money invested in life insurance is
considered quite as legitimate in the cur
rent expenses of the day as that paid for
food, raiment, and the other immediate
necessities Of life. The great perfec-
ton of the now established science Of
life insurance has only been arrived
at by the most careful study and
untirlng energies of many of the master
minds of the day by whom the problems
of finance and mathematics have been
thus correctly and ~benefcially rendered.
By the adoption Of its influences many
of the distressing calsmities OF life are
successfully obviated, and in this feature
alone it may be well regarded as one of
the most efficient charities which human
be~nevolence ever devised. Moreover, it
has q direct influence on hehabits Of the
people, as it not only encourages frugal
ity, but makes this thriftiness 3 habit
and removes all faint of selfishness.
Thus il not only makes men more provi-
dent, but shares, through its humble de-
gree, with religion in extending this prov
idence to q period beyond the individuals
life. Again, in a business pointo Of view the
fact is indisputable that the large funds
accumulated by life insurance, are,
In great part, a positive addition, which
would not otherwise be made, to the
available capital of the eOuntry-to the
stock which keeps in motion and rem
ders efficient our national industry. MI
merous systems Of prosecuting the bust
ness of life insurance have been adopted
by various associations. OF these COM
panies above referred to, undoubtedly
most, or probably all of them, are con-
Quoted on sound and equitable prinei-
| ples-the joint stock and mutual Organi-
cations each having their advocates.
However, some companies have special
tiles, and, in manyLinstanees, superior
advantages. OF the forty-one Ameri-
can companies which issued lSO,000 poll
eies last year, the Etna life insurance
| company of Hartford, Conn, is once
more than one-tsnth Of them, Q4,1s9,)
and added to its surplus, two and a guar
: ter million dollars, paid SS42,SO6 80
claims by death, and now have five mill
lion dollars assets.
No company can make such show
ing and offer as superior inducements To
| the public, who patrOniZe and sustain il
| from Main 10 Mexico. The H.tna gives
/ q permit free of CHARGE to travel and
reside anywhere south at any season of
the vear. 1t will lend the assured one-
| half the premium at six per cent. inter
| est, thereby keeping at home this much
money that an all-cash company would
end away, and from the fact that 1t
lends one-half the premium, the assured
marty puschases insurance with his own
paper. The Etna has three times the
assets of any life company legally repre-
seuted in Memphis, and is prepared 10
offer The best terms to all. Its dividends
| of late years have been fifty per cent,
and this one item will make its rates
better than any company declaring a
less dividend. All KINDS Of policies are
issued by It through their agents, Owen,
! Moore & West, northwest corner Main
and Madison streets, Memphis, Tenn,
where they will be pleased to explain its
workings to- SwantiBg insurance.