The New Orleans crescent., 1868-03-29

TO show that the business OF the company Is
still on the increase, notwithstanding the scarcity
OF money which prevails all over the country, we
may add that the number Of policies issued during
the first two months of the present year (lS6S)
shows an increase OF ifty-seven per cent on the
corresponding period Of 1867, while the amount
insured shows an increase of forty-three per cent
II is unnecessary to comment on the large and
steady advance that is indicated by these figures
The whole past history Of this institution is an
illustration Of the truth Of a doctrine which has
been promulgated many times In the pages of this
Journal, namely that careful and conservative
management aud honest dealings, and not new or
fanciiul features. secure that lasting popularity
which has its origin In mutual confidence; and il
is this kind OF popularity alone that commands
solid success.
The company has this year changed its mode of
doing business in two respects First, as regards
the time of applying dividends. and. second in
relation to the manner OF paying premiums. The
following extract from circular issued By the
company explains the nature of these changes
After January lst. 1865, the dividends will be
made and paid annually.
IAN the dividends heretofore declared by the
company on policies In force, may be used in the
payment OF the current years premiums said
policies; and hereafter dividends when declared
may be applied to the payment of the ensuing
premium. This Is very important change, and
one which must add materially TO the popI larity
of the company We believe that on many Of
the policies the dividends which will be paid this
year amount TO one hundred and twenty per cent,
viz the dividends Of forty per cent. declared In
1865, 1856, and 1867.
We copy the above from the Western Insurance
Review Of St. Louis, No., and we congratulate the
companys officers and directors for their able
management, and the successful result Of it, We
congratulate too, the thousands Of our own people
who are the holders Of policies in this most popu-
lar institution.
It's popularity In our city is unprecedented, but
for this we cannot give the management the entire
credit. Their very courteous and efficient repre-
sentative, Col J. r. Purvis is certainly entitled to
large share for his untirng efforts in the interests
of the company.
The company's promptness in paying its losses
has also added much to its high standing in this
community, as the following testimonial from our
esteemed citizen, Mr.. J. B. uarison, viii show:
New ORLEANS, Feb. ~, 1868.
j. Purvis ESQ., Agent St. LOUIS Mutual Life Insurance
Come any. New Orleans. Louisiana:
& Dear SRI have to thank you in the name and
on behalf of Mrs. s. A. McWhsn and her now
fstherless children. Tor the prompt and liberal
manner in which the policy Of insurance, on the
life Of Mr. Thomas fcWhan, deceased, for $40. 900.
was settled. Such conduct on the part Of your
company cannot fail to insure success; IL is like
Bread thrown upon the waters,n and IL viii
come back to them after many days.
Wishing your company every manner aud
measure of success. lremain your obedient SER
want, JN0- B. MURIsoN.
Parties wishing further information, or desiring
to participate in the benefits of this excellent
home company, are referred to Col. ]. r. Purvis,
at No. 30 Camp street.