The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-08-19
CHARLESTON, $. o.. THURSDAY MORNING,

II it's managers are honest aud capable, 1t
cannot fail.
We have thought proper to nuke those sug-
Restions on tho general subject OF Lilo In
suraucc.
Now VIC ask your consideration OF the claims
OF this particular Company.
1t was organized in 1866 by somo OF tho
bost citizens and ableat financers in tue coun-
try. and has been in successful operation since.
It hos issued policies and paid losses, to an
extent rarely equslled at it's age, In the history
Of Life Insurance.
We have been solicited, and have, in order to
found one grand organization for the whole
South, consented TO JON this worthy entcr-
PRISE, By subscribing and paying for it's capi-
tai stock.
Founded on o solid dmonied basis, with an am
plo capita it's ratio OF assets 10 IFS liabilities
the true test OF Company's strength-is Sec
ond to none on this continent; the ratio be ing
nearly 300 to 100. While there arc threo De-
partments, they are Departments of the Same
Company, aud Zach and every DEPARTING q ut
guaranteed the payment Of the policies of the
Company.
One OF tho primo objects OF the or
ganizatien, is to check, If possible. and
as far as practicable. the drain Of capital
from our impoverished section, and at
the same time to furnish to tho peo.
plo as safe and aa honestly managed COM
pany as oau be found in auy section.
Havo the people Of these States any ooncep.
ton Of the immense Gums OF money yearly
taken from tho South for Life insurance? By
calculation, based on the best stalistios
OIL Ia ohk &.
sum not loss than ten 10 t,selue millions of dol.
lars, $4,000 900 to s12 ooO oOo.) is sent every
,yeAr fgom tho South for this purpose. Wo ask
the people to consider how rapidly, and into,
what gigantic proportions every material in
yterest Of our section could be developed by the
retention, and lending at reasonable interest
in our midst, Of these enormous sums, and the
accumulation Of compound interest thereon.
|, The. following tabular statement will give
some idea Of the growth OF this business in
the State OF New York in the last eight years:
IL I8o9-Number Of CompanIes opc. =. '''
sanSss Sas Oa ea psT Ssiieiss ss't; issued. .o.4
Accumuiatfons in premium
In iss1.-Number OF combanies ope. w
rnting IL New York....... d
Number Of policies tsaued.. ..y 39s 05O
.Accuouladons OF premium
and interest,". ........... .$59. 722, ,073 90
Thus it will be seen that the number of
companies doing business in New York, has
increased from IA to Al in eight years, and
that in the year 1867 the receipts OF those COM
panies amounted to about sixty millions Of dol
lars t$6o 600 000) in lieu OF less than four mil
| lions Of dollars t440Oe OO0) in 1853.
There are twenty-seveu or twenty-eight COM
panies now dong business in Georgia. or
these. tho "Souiheyn LJe,'-the Pioneer
Southern Oompany-is, we believe, the only
| one which retains its funds in the States COM
| posing this department.. Not one dollar of tho
| accumulations Of this departm ent will BIO sent
out of il; bat all Its funds securely, invested in
| our own midst, on first GLASS securities for the
protection Of policy holders. in this company,
and for tho development of the material inter.
csts OF our own people.
| Our agents In diffsront sections Of these
States, will furnish all information desired,
and receive applications for insurance in this
company.
/ SOUTHERN LIFE INsuRANoR coMPANY-sTocK.
1 HOLDERS, ATANTA DEPARTMENT..
John B. Gordon, President, Atlanta, Go,
4 Z. ". Holland, Atlanta, Ga.
A. Austell, President Atlanta National Bank,
| Atlanta Ga. "dii si q
4 j. a. Galloway, Atlanta, Ga.
Rev. g. J. Pearce, Atlanta, Ga.
I John N. johnson, NJ. D., Atlanta, Ga.
| j. F. Alexander, NJ. D., Atlanta, Ga.
d. Y. n. Miller, n. D., Atlanta, Ga.
Johnson Hagood, BarnwelI, 8. @.
] B. L. Willing ham, Allendale, g. @.
4 b. @. ,Yancey, Athens, Ga.
| J.. 8. Hamilton, M. D., director Georgia Rail
| road Athens, Ga. ~;
g. e. Bird, Athens, Ga.
Stevens Thomas, secretary Southern Mutual
lnBurance Company, Athens. Ga.
! Ben. Il. Hill. attorney at Law, Athens, Ga,
Robert Thomas, Athens, Ga.
ID. E. Butler, director Georgia Railroad, Ma
| Olson, Ga.
2. ". Walton. Madison, Ga.
f. Phinizy, commission merchant, Augusta,
| Ga.
". H. Howard, Augusta, Ga.
Q. d. Phinizy, Augusts, Ga.
| j. o. Matthesou, Augusta, Ga.
Thomas B. PhInizy, al. D., Augusta, Ga.
Robert Toombs. Washington Ga.
H., r. Harris, Greenyille, Ga.
B.J. Smith, Cuthbert, Ga.
Peoples & Stewart, Griffin, Ga.
A. II. Co,quitt, Newton, Go.
Wade Hampton, Columbia, 8. C.
VIM. Johnston, President Charlotte and
SoElh Carolina Railroad, Charlotte, N. G.
E. b. Walker, Master Transportation Yves.
[ tern and Atlantic RsIlroad, Atlanta, Ga,
": A. Caldwell, Greensboro, N. q.
John B. Moore; Sumter, 8. q.
SnmI ~. JAufaD AlianIsIa