The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1868-01-09
HE CONTINENTAL LIFE INSURANCE
COMPANY OF NEW YORK.

This Company presents one Of the mos
striking illustrations that can be adduced o.
the CT eative power Of the American people
It was organized on the 18th Of March, 1866
commenced business on the 10th Of May fol.
lowing, and, on tie 10th inst, a. the conrl,l-
sion OF its first fiscal year, had ISSUED 2,527
policies, the largest number ever granted by
any one Life Company during the first twelve
months Of its existence. Those policies in
sured 81 .404 600, and Welded an income Of
$H7 ZIG 20, swelling the assets Of the Com
pany tn nearly half million Of dollars.
The Continental LIES first annual progress
ZION is so wholly unparalleled that it has at
tracted the attention and exci'ed the wonder
of all per sons interested in Life Insurance.
That its receipts for annual premiums should
more than double those Of any Life Company
for its first year, is a phenomenon that many
consider AS unaccountahle as startling; but
the mystery appears 10 US of very easy solu-
ton. The Continental Life was started by the
best men under the best auspices. wholly freed
from the tramnels Of the old school and with
ont a clog or hindrance Of exploded systems
clinyiny to it. 1t grant, its insured the Ia gest
liberty to travel without extra charge. 1t de-
clared its policies non-forfeitabe and incon-
d,ys' grace in the payments of premiums
and, when desired, one-,hrd of the amount
to rem lin unpaid loan; gave each poll
cyh"lder voice in its elections. and resolved
to divide its profits among the Insured. With
all etf.te membranes discarded, and in
possession of every new and desirable feat
ure, the Continental sprung, like Minerva from
the head of Jupiter. fully grown and fully
equipped, and has in its first years career,
surpassed ali precedent.
Ii was however not only the plan and prof
fered privileges of the Continental that en-
sured its unegualled success, but also the |
men on its official staff and Board Of Direc-
ton, whose names afforded the public sutf- |
Gent guarantee that the design Of the Com |
panv would be faithfully carried out, and
every promise made at its starting be punctil- |
liouslv fulfilled BY an executive distinguished |
as much for carefulness and integrity fur |
skill, vigor, and enterprise. At the head of
his efficient management stands President
Justu> Lawrence, all officer OF eminent abltl-
tv, of seventeen wears active experience in
insurance. and of unquesti"ned probity and
honor. Vice-Prrsilent J. Hilton Scribner is
his able and worthy coadiutor. There are
few men more thoroughly vtrsed in business
han Secretary J. p. Rogers, for some years
Assistant Postmaster Of this city, and his
practical knowledge, admirable tact, and
manners, have contributed greatly
o the popularity and rapid Advancement of
he Company. In the list of Directors We
ind James B. Colgate, of Trevor & Colgate,
Bankers, Chauncey NJ. Depew, late Secretary
If State Richard w. Bogar,. of o. M. b.
art & Co., Bankers I; Rev. H. c. Fish, DID,.
# Newark; and other gentlemen Of high
landing whose names, counsel and influence
impaired the strength of maturity to this re-
ent organization, and inspired the public
rirh n erited confidence in its excellence and
olidity.
The Continental Life, being the realization
f what was generally regarded as an unat-
unable ideal, has enlisted many among its
,embers who could not have been won by at
actions less extraordinary and complete. 1t
as consequently given a great impetus to
life Insurance, and it is instructive to COM
are its work. the performance of private en-
,rprise, with the results effected by the Bri-
sh Government in the same line. under Mr..
iladstone's act, in connection with the Post n
flee of Great Britain. This Office issued
ON April, 1865, to December, 1866, policies
the number Of l ,l68, insuriug the sum Of
i39, $50. 1t accordingly appears that with
l the encouragement and fostering care Of
arliament and prestige Of government au-
lority, this national institution, during the
,riod OF year and half, granted less than
,e-half Of the Continental's annual issue Of
,licies, insuring but = small fraction, 4
Of the sum guaranteed BY the Z
tier.
The contrast is striking, and shows that
e spirit of the old Cortinentals is surviving
their corporate namesake, which, like
ose veteran patriots. proves more than
atch for the British Government. The in =
rences fairly drawn from the comparison
e not only complimentary to private enter
Use but to the American people, whose
MUS is reflected in their benevolent institu-
ms, especially in one so indigenous and ad-
need as the Continental Life.
We therefore wish this appropriately named T
mpany, for the sake Of our national repu-
ion for essential and rapid progress, and
behalf of the many widows and orphans to
om it will prove an unspeakable blessing,
continuance of its wonderful growth and
paralleled prosperity.-Insurancs Monitor
i Val Street Rerie,o, N. Y.