The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-11-16
The Natlonal Llfe InsuTancecom1papy,

tional Lille Insurance Company of the
United States OF America is an institu-
tion chartered by Congress, and enti-
tied to do business and hold estate in
every part of the Union. Its capital,
all paid In, is one million dollars, and
Its affairs are directed by such men as
Clarence a. Clark, Jay Cooke, E. A.
Rollins, and others OF the very highest
financial rank. The security of such a
large paid-up capital, and the WELL
known integrity of its directors, place
1t at once upon the most substantial
basis. It's plans of operation are both
simple and thorough. There are to be
no notes, credits, or other vexatious
combinations Of-payments and prom
ises. Instead OF Offering participation
lin certain unknown and future profits,
which may never be realized, this Com
pany offers policies OF insurance at s1eh
reduced rates as really to give
the insured dividend, in cash,
In advance. This difference be-
tween the rates or the mutual com
pauies and those OF the National Life
Insurance Company is not only posi-
tive cash adyantage to the insured, but
it is often much more than they have
re ason to expect from the most favor
able workings of the dividend declar
Ing companies. Everything relating
to the-plans of insurance of this Com
pany is definite and plain; there is no
possibility OF incorrect calculations, on
the part of agents or the insured them
selves-so much promised cash, a. such
stated times, for 80 much cash paid in
at fixed periods, is the plain ofthe Com
pany. Not depending upon future
business for ability to make Its prom
ises good, there is no reason to doubt
any OF them; and 1t must be remember
ed that a capital, at theo utset. of one
million dollars, is worth much more
than double the amount in tho treasury
of a company whose liabilities are
about to fall due. What the capital ofthis
Company will be in thirty or forty years
(the period when policies begin to be-
comerapidIy payable)itis impossible to
surmise, for its charter allows the indeh-
yinite increase ofthe capital stock. By
provision of its charter, its policies are
made secure from attachment by the
creditors Of the insured, but at the same
time they are negotiable, and may be
used for the purpose OF raising money,
like any other bond or obligation to pay.
Should party insuring in the Nation
al Life Insurance Company become
unable to meet his annual payments,
he does not thereby forfeit his policy,
but paid.up policy will be issued to
him for an amount proportional to the
total sum he has paid in. The system
of extra charges is also abolished by
this Company. There is nothing to pay
for policy-fee, medical examination,
stamps, &o., and when females are in
sursd there is no extra rate charged
upon their lives. The association offers
several distinct and easily understood
methods by which one may take out a
policy of life insurance.
In the first place, an ordinary policy
Is furnished at rates less than those
charged by other companies. Again,
should the party desiring insurance
choose 1t, he can take out policy on a
plan by which, at the end ofeverY year,
the amount of his policy will be in
creased by the amount of annual pre-
MUM he has paid, and when he dies.
his heirs will receive the full amount
for which he was Insured, with the ad-
dltion of every cent he has ever paid to
the Company.
By another plan, man can receive
at the end of a specified time (ten, fit-
teen or more years. n regular income,
in addition to the amount Of the policy
which will be paid to his family at his
decease. BY the endowment plan, the
sum for which the policy is taken out
will be paid to :he insured, himself, at
the expiration OF the term agreed upon,
| and il he should die before the time
specified in the policy for said payment,
the amount will be paid over TO his
heirs within three months aiIer his
death. Should it be desirable. policies
can be taken out at reduced rates for
periods of seven years, thus enabling
persons to provide for some expected
contingency, or giving an opportunity
to creditors to insure for time the lives
OF their debtors, making the policies
payable to themselves.
These features, many of them novel,
present peculiar advantages to those
wishing to insure their lives; and when
it is remembered that the Company is
founded upon cash basis of such solid
character, and under the control ofsuch
we'll known capitalists, there Is no rea.
son to doubt that it will soon be the
leading Life Insurance Company in the
country. George Adams special agent
Wheeling, w. Va. a
EXTENT OF Co-oPERATIoN.-Th ex-
tent and success of cooperation In
Great Britain is truly surprising, and
indicates surely that it is wise and
benefcent system for the amelioratior
of the condition of labor. Statistics
compiled from authentic sources rela-
tive to the moneyed power ofthe labor,
ing population of Great Britain show
that there are 1910 cooperative socis.
ties carrying on the business OF grccers
or provision sellers, with an aggregate
capital OF S2O, 600, 900, and Of fthese about
| two.thirds have been successful in {
| financial point of view. The "buildinE
/ and freehold land societies" represent
| a capital of $40 600, 600, about $50, ,OOO, ,OO(
| of which are invested In dwellings fol
members. The cooperative associa
tions, trade societies, friendly and be
nevolent societies, building association
and savings banks, allzcombtned. rep
resent a capital of nearly $500, 100000.
i a1
To CUBE A ConD.-The following 4