The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1869-10-02
Piedmont and Airing ton Life Insu.
rance Company.

rance Company.
MoNRoE, La, Oct 1, 1869.
L. Y. Marye, Esq, Agent Piedmont and Arlington
2 Life Insurance Company,
DEAR SRI hope you will find
your agency of the Piedmont and Ar
lington Company an agreeable and
profitable Office. The Company has
strong claims upon the people Of Louis
lana, and I find that they readily and
generally recognize those claims.
The full amount of 100000 was
paid up aud loaned in bond and mort
gage before any policies were issued
by US; and so efficiently and actively
have our officers pushed their business,
that in two years time we have acquir-
ed more than 5000 policy holders,
while our assets have increased to over
one million and half dollars 6 1900
OpO.) This is very extraordinary
progress. and moreover it gives in
creased confidence to the patrons Of the
Company because so large proportion
of our risks are recently taken, and.
Therefore, will not soon have to be paid
for by the Company.
Farther reason for confidence will
be found in the basis adopted for tn @
credit Of our Company.
all Of our permanent investments
are made in first bond and mortgage
only, and we lend only 10 the amount
Of half Of the assessed value of the real
estate given as security; and in case of
country property the value of build.
ings, &C., is deducted from the estima
ted asse ssment.
But think a greater reason for con
fdence than all, is to be found in the
fact that all Of the officers and directors
of orr Company are Southern men, by
birth and breeding. Many of them
are justly considered amongst the
abiest and the most upright business
men iu Virginia, and you will recognize
in the members of the Branch Office in
New Orleans some Of the best men oil
Louisiana, whether we consider their
business capacity or their approved
integrity.
Our company has made arrangements
to ,an in every State in which it works
a due portion of the premiums derived !
from that State, and this principle !
should cause it to find favor with all |
men who have tho best interests of the |
South at heart. 1t is estimated that
the Southern people will pay this year
to Life Insurance companies from the |
North not less than fifteen millions oil
dollars ($l5, 000,O00.) If this amount |
had been paid to Southern compani es, |
the insurer would have been at least as
secure while So nthern interest would |
have been all the better for having all !
these millions of dollars at work !
amongst us. You are aware that by
their charters none or the Northern
companies can lend money outside the
States in which they are chartered
l do not wish you to draw from the
above remarks any sanction for dis
paragement of any other company
working here. On the contrary, II
hope you will cultivate friendly and
courteous relations with the agents oil
other companies. Mutual disparage-|
ment will result in great personal dis
comfort and in the injury and discredit
Of the whole system of Life Insurance,
the growth and progress Of which is
too important and too hene6cent to
our people for US who represent it to
create uneasiness or distrust about it.
Therefore, hope you will content
yourself with urging upon all, the ad-
vantages of Life Insurance, and with
explaining fairly and frlly tho plans,
the foundation. the progress and the
personnel Of the Piedmont and Ar
lington. You may rest assured that
you will find the &c neral sentiment of
this people in favor of your Southern
Company, and that ali who can exam
inc its p lans and it's progress will feel
absolute confidence in the gentlemen
who manage it, and will find that no
Company has ever made equal progress
during the same period of its existence.
Very respectfully, yours,
DABNEY Ell. MUARY,
rooV ,ook for