The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1869-10-16
Communicated.
Carolina Life Insurance Company
MONROE, La Oct. Is, 1869.

your readers to ali extract from the
Insurance Times OF New York, for
september. which appeared in the last
issue Of the Louisiana 1Btelligencer, aud
to give the lie TO the assertion that the
Carolina Company ''had been obliged
IT, withdraw its Agencies from these
States an make a desperate effort to-
incl ease its available assets and survive
the disasters which menaced its exist
ence.'
Tie statement of the Times was|
written by an agent or friend of thel
IN Y. Life Insurance, q company whose
past record has been such stumbling
block in its efforts to obtain Southern
policy holders since the war. that it
has been impossible for her to resume
Of country. She has E,ade herself so
odious that ali other companies includ-
ing the Etua and Knickerbocker, are
fighting her, aud we now propose to-
make a square issue. as She has COM
menced the fight.
By various circulars and advertising
dodges, now circulated all over the
State, she ~ endeavoring to eradicate
from the minds of her former Southern
policy holders certain. Impressions,
which, however, unlike the footprints
on the sand. aDiy not be auashed .aacay.
What shall a0e say Of company
which at the close OF the war gener-
(ousy (?) proffered to renew Southern
policies lapsed for non~payment of
premiums. upon receiving all payments
in arrears, with compound interest at
seve,a per cent, coupled with a certifi
cate OF good health from on" Of her
regularly appointed Medical Examin-
ers, to be approved by the Home
Medical Board, and evidence that the
assured took no acsive part in the re
beAion. the medical examination to be
made at the expense of the assured and
limiting policy holders to just forty
fDe days to comply with the above
conditions? Tsis company represents
itself as the Old Reliable and Wealthy
IN. Y. Life Insurance Company! 1t
may be an old company, and ought
to be wealthy, for it has stolen from
the people of the South immense sums,
for which it has never given value re
ceived. AS evidence of the unfair
principle which actuatcs publications by
this and similar Northern Companies,
to the seeming detriment of reliable
Southern Insurance Companies, we
need but refer tho attention Of your
| readers to an extract in the Memphis
! Avalanche of Sept. IL. on the N. Y.
Life Insurance Company, as cor. slent-
ed upon in the Macon (Georgia) Teie-
graph.
The assertion that the Carolina, OF
Memphis, owing to heavy losses, had
been forced to abandon the half note
, plan. and stating its losses to the lst
March, at $165 600, is a malicious
Fol Sn s1,
the paper to subserve the interest of
its author.
The Company losses have at no
I line been larger than might have been
anticipated on the amount Of risk, and
were only sos 900 to June lst, while
in the article in the Times they are
put down at $165,D0O.. to LIST March,
With it's assets on June lst of $564.-
OO0 and an annual income of $5UU coo
we feel confident that such malicious
J falsehoods can do the Carolina no
harm, save 8 far az il. the hands of
| nnprt ncipled men who care not Tor its
truth. they may be read by parties.
strangers to the Company, whom this
explanation may never reach.
Admitting that 1t may he the inten
ton OF the Company, at an early day
to change from the half note system to
one third loan, vet, might we not we'll
ask why the Connecticut Mutual and
Hfna Lite Insurance Company. and
/ many other relia BILE Northern Compa
MES, whose motives are not impugned
| for so doing, changed from the half
note plan to a greater percentage Of
cash?
As an evidence of the "bad risks
taken in healthy localities" we will
simply state for the information OF
those interested, that while the Com
pany has DOW over six hundred policies
in full force and effect in Louisiana,
tn e losses up to present writing. Gov
cring period Of about seventeen
months, has been jus. ONE. Losses in
other agencies have been promptly
paid and not in notes either as can be
attested by the bene6ciaries of numer
Gus policy holders.
The widows and orphans of de.
ceased policy -ho Iders have yet to
apply to bone tide Southern Insurance
Companies and be hooted at and their