Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1869-12-25

70 Tor the basement lt0fyf ana l0E
Of he building white Con
ord granite, the MODEST possible
materials fos so large a structure, I
ita grand and massive ef-
feet. The approach 10 the base
nent IS through the central en-
on Broadway, the stairs to
the main floor starting on either
side of the doorway, virtually
throwing the basement rooms into
Broadway, and thus giving them
an increased VALUE. The first or
principal floor is - feet high, and
contains three banking rooms,
which are TO be fitted up in the
n Oh. complete manner, the
largest being 32xl00, and the
others each 30xjJ. Over this
are the Offices of the Com
pany. Tie 8 and business hall,
which, when finished, will be one
of the most imposing in the coun.
try. is % feet high, and 35xlOj,
lighted by two large skylights and
through the glass partitions Of the
officers and agents rooms, which
are ranged in two stories about the
hall, the upper tier being approach
cd by a gallery. The department
OF clerks is 10 be in the centre Of
the grand hall. The officers rooms
occupy the entire front, and will be
connected by sliding doors, SO as to
be thrown, when required, into one
large room for directors meetings.
On the second or gallery aoog, and
connected with the steam lift, Is q
lunch room 2jx30. for the Compa.
ny's clerks. Above the offices Of
tho Company are four stories, each
about II feet high, and each divi.
ded into IL offices, l4x2O in size, so
arranged as to be let singly or in
suites, all fitted with complete toll
ct arrangements, and some with
safes. The general safe-rOOms are
near those Of the officers, and will
be ct all times nnder their control.
The entire building is strictly fire
proof. At the Cedar street en-.
trance two steam elevators will be
kept running for the convenience
Of the occupants Of the building
and those transacting business with
them-a new and prsiseworthy
feature which the leg.weary viii not
fail to appreciate.
"The plan Of insurance of the
Equitable Society,"" remarks DR.,
Ire neus Prime, 'is probably as
nearly perfect as anything human
can be-" The premiums are invari.
ably payable In cash. 1t Issues or.
binary liie-policies life-policies
which are to be paid up III i've, ten,
fifteen or twenty annual premiums,
Tontine.dividend policies ordina.
ry endowment policies payable at
death or at the expiration Of spe-
Gifted number of years, and endOw-
ments in like manner which may bC
paid up in one, five Or ten pay
ments jOint-lit 9 policies tern pol.
icies children's e%ndowments an.
nuiiies with or without prof.
its, and surviving annuities.
AL five and ten payment
policies, whether life or endowment,
are non- forfeitable, after two annu.
al premiums have been paid, for as
many flfths or tenths respectively
as there shall have been full yearly
payments made, and ordinary life
and joint-life policies are non.for-
feitable for an equitable amount af'
ter three full annual payments have
been made. Life and endowment
policies, the premiums on which are
payable during q stipulated period
longer than ten years, are MONITOR
feitable after three annual premi'
ums have been paid. These poll
cies may all be drawn in favor o
the assured to be disposed Of BY
will, administration or assignment
or they may DO drawn in favor o
wife wife and children; intended
wife ; any near relative /; a creditor
mortgage partner in business
or a business firm, Of whicl
the assured Is a member
and others. All profits Of in
surance, the surplus funds Of tn
Sociely - are annually divides
among the policy holders only, Il
the form of dividends and in exac
proportion to individual contribu
ton to those funds. These divi
dends may be applied, at the choic
of the policy holder in any one q
the five different ways, viz: to a
addition to the amount assured, pay
able only in case of death within
specified number of years ; to a re
duction In the amount of all subsC
nunnt nrpmiumg to a larger n