Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1869-09-11
"wAKE UP SNAKES. DAYS A BREAK.
ING"
THE OLD AND RELIABLE
NEW YORK
LIFE INSURANCE CO.,
PURELY MUTUAL.
No Stockholders to Take from
Policy Holders any Portion
Of the Profits.
A Prosperous Career of Twenty
Five Years.
CASH ASSETS, over $11, 900, 600
Has Insured $1,000 Lives, Paid over
65.0OO,OOO 10 Widows and Or
phnrH, nnd Returned Near.
Iy 81,OOO,OOO I'm Cash
Dividends to the
Insured.
CASH ASSETS, over sll, 900, 600


~ S1,OOO,OOO I'm Cash
Dividends to the
Insured.
The undersigned are agents for this old
and never-t to be doubted Company. for the
states OF Georgia, Alabama, Mississippi,
virginia, Tennessee, and Arkansas, and
present 10 to their friends rs In every man
ner worthy OF their support. Fomfts age,
Us great profits, rs admirable management,
and It's large capital, Il offers inducements
and equaled by very few. Not only do
thay present IL as all n Company can be
In prosperous pecuniary condition, but as
course 70 people Of all sections and opinions
as to afford to none cause of complaint OF
unfair dealing. We sought 1t us the sound
e est ana n,ost re,.aote OF Companies of this
more critically rs to its dealings with
Southern Policy holders whose Policies
lapsed during the war-determined as we
were, not to represent any Company that
discriminated against our own section.-l
We feel that our own people will be satis-
fled when we assure them that the investi-
only exact and equal justice on their part,
but liberality that needs only to be
known to be appreciated by the Southern
people.
We are aware, however, that in manly
sections of the country, the agents of mfr-
ed aud stock companies twho fear compar-
ison OF the admirable plans of the NEW
YORK LIFE INSURANCE. COMPANY, and its
large annual cash dividends, all going to
the policy holders, with theirs, dividing
their profit for the most part to Stockhold-
ers,) misrepresenti 1t as having discriminate
ed against our own section. (of course their
motives are too plain,) to build up bust
ness for themselves by defaming other
companies.
BY terms of all policies issued by the
NEW York LIFE INSURANCE, and all other
Life Com anies, service in actual warfare
Is excepted. This exception was as neces-
sarily maintained against insurants in the
army of the United States as against those
who served in the Con federate armies; and
aftidavits, or other sufficient evidence,
were required rs TO such service In the one
army OF, the other, from those desiring to
renew their policies; but when the pur-
pose OF such affidavit was ridicuiously
mlsrepresented, 1t was discontinued.
As Agents we have published, from our
very first appointment, our readiness in
behalf of the company to settle its out
and liheraiity; to do as much rs any COM
pany North or South, had ever done in
reference to this class OF policies.
e,frsS more Confsdsrsss ssoasS ror prsmf-
Hms, (even to the time of Buffers prohibit
tory. order, and the action of agents SO re-
s esSr Il approved shssoaghout TIE: e.
Esfhsr. 1t has paid moro money to parties
on policies thus lapsed than all others. 1t
| is ready now, and always has been, 10 re-
|
back premiums, allowing back dividends,
thus placing parties and the company in
the same condition as If there had been no
| war.
We only ask examination of its entire
course for the most punctilous to be salts
fed. Its officers are now what they have
Fights 0e OF the policy holders as w aa
regard to location or political differ
ences. 1t has the ability to do for It's poll
% wea Whe
anime 10, and not be deprived of its SUPERB
| or advantages by the detraction of agents
4 OF inferior companies.
GEN. n. q. HUMPHREYS & co.,
General Agents for mississippi.
GEN. II. G. STEWART, General Agent
for Virginia.
GEN. JOS. +. JOHNSTON d CO.,
General Agents for Georgia and Alabama
O'DELI. e. PRITCIIARD, General
Agents for Tennessee and Arkansas, No.
10 Madison street, Memphis, Tenn.
REFERENCES BY PERMISSION.
AT MEMPHIS, TENN.
Williamson. Hill & Co., Galbreath, Stew.
& Co., Shane, Harris & Co., Day & Proudfit
Cotton Factors and Commission Mer'
chants.
S. S. Lloyd, Importer and dealer in
/ Solomon Hale, ClothIer and furnishing
goods.
Louis Hanauer, President German Ma
+. s. Davis, President First National
Bank.
Nathan Adams Thos X. Williams A. NJ
W.M. Pennington, NJ. Hill, Capt. g. b
Hon. J. ". Le1wich. Mayor of Memphis
Col NJ. c. Galloway, Editor Memphis
Col. John Ainslie, Business manager o
w. II. Moore 4 Co. B. Lowenstein 4 Co.
Rice. Silk & Co., Howell, Wood Co.
Wholesale dry goods merchants.
John II. Stebbins, Secretary Mississippi
'ss s. Z. ' Read, secreta Py" Peoples Insur
ance Company.
, DeSoto Bank.
, The above evidence is received by al
Southerners, whose Judgment predomin
ates over their passions and prejudices, n
undeniable and conclusive proof that W,
have always dealt In the most equitable
manner with Policy holders in The South
whose Policies lapsed during the war.
We now leave this matter In the hands
= of the interested public, and 1t remains
with them TO elect whether they purchas,
3 an endowment for their declining days. o.
) an inheritance for their wives and chill
dren, in company established on as Arm
. q basis as tho rock of Gibralter, or on,
= whose income in cash is absorbed in exces
1 sive expenses and losses, and whose field
OF operations extends mainly over tn
= = most unhealthy portions OF the Southern
States, and whose affairs are conducted b,
men Totally tssrpsrfsHesd IN the busfass
: OF Ltfe Insurance.
r A valuation OF our Policies Is annual,
{ made by the Superintendent of Insur
, ance, in New York and Massachusetts,
Y and according TO their last report, we mad
the following exhibit: ..l
Assets sill 900, 1922 9
Present value OF Policies.......... 1871 900 Q
! This being an amount sufficient MN
to reinsure outstanding risks
q i'm q solvent company. ID.
a Dividends paid, lSSS........--..... ,226, S65
y Being an average of 900 per
cent, ON old and new policies.
g For the public information, we make tn
: following extracts from an ofiicial copy G
\ the charter OF the Southern Life INSURANCE
T company, of Memphis, passed May 2ith
d 1866;
: SECTION 49, The capital stock OF til
company shall not be less than one hun
dred thousand dollars, and not more thai
C one million dollars, rs the Directors ma
Il deternine, SAID stock snail i 5e divid ie
e which shall be Deemed personal property
y and transferable on the books Of the com
many as its bylaws may determine.
SEcla. The Insurance business of the com
u pany shall be conducted upon the princi
II pie of giving to policy holders an interes
Il In the profits OF The company, unless 9th
" erwise agreed by the company, and the AS
i sured; and all premidns for assurance, an
purchase OF annuitieS, shall be payable Il
,, cash, or otherwise, as the Directors ma
a designate.
- SEC. Is In case any policy holder or an
u nuitant shall fail 20 pay any premium q
B, sum due from him or her To the company
a or violate any condition OF the policy .
:. Insurance., or contract, made between "a
X rompany nnd che assured the Board % ~
e rectors.may cancel the policy and all Srs
: miums paid thereon shall be forfeited :
:, the company. This company shall not
VI required to deposit any of ITS funds, an
q shall be exempt nom the payment OF fet
) required Of foreign insurance companies