Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1869-08-21

portion of its assets to its liabilities,
Just as an individual is. A company, |
properly managed, lays aside every
year out OF tile amount Of each pre-
MUM % sum, which improved at four
per cent. compound interest, will |
equal the amount of the policy ut
maturity--this iscalled the "reserUc,"
and so long as this remains Intact, so |
long is every policy-holder perfectly
secure. Now, all of the premium |
over and above the sum laid aside for |
the "Yeserge," after deducting the ex- |
pense of the business, Is the sur
Plus" and when properly distributed
among the policy-holders of COM
pany, Is called |" diUidend.n Under
the mode of distribution now adopted
by nearly all companies, called the
Z" Contribute PoH,n the "surplus"
remaining, and the profit arising
therefrom, earned by the excess of
premium of each policy-hOtder Is paid
to him, constituting a just and equita-
BILE mode of "giying every man his
DUE" Now, as the rate of morality,
rate of interest on investments, as
well per centage of expenses vary
from year to year, no respectable com
pahy caii PIolnise any sPeoincu 1c
nlte amoune, or per centnge9t uti-
denu," anu US t1e pohcy ltsei, consCl-
tutes ana contains the oniy.pihuinS
contract between tne company anu
the insured, reckless, 'unprihclpleu
ana avarlcious agents ana cahVass y;
frequently ayail themselves OF tne
general IGNORANCE upon tne supJectoi
6tOtoenas, ana Ilie insurance general-
~, 10 make promises, anu IN some
eases guarantees OF future oaptuc"os,
wnlcn guarantees anu promises are
not Worth tne Dreath tnat utters tnem,
nor tnepapeI ION Whieh (sometlmes)
Uhey are written, Whlie the colhpa-
nys once Is SO remote, anu people
ScneiaLy uIe 80 sely connu"s, snas
Nh cnns nigniy lmporlahc anu serious
trahsaction tney hot uiilrequehIly
accepC THESE paseiess assurances as
paft Oh tne contract ana pihulnR upon
ens col,pany anu WneH .ne iius,Hli
Is uispeiIeu, tney soinetiines ulyusuy
conueI'n the systcnt oi ne INSURANCE.,
.iSeo"u vi mummy Ineniseiyes lol
.nolL own iu .i. InJuuicIous
uiouo VI seiecVHis nv sIEE, ior IliaU
.9 Jus. wnav my aie uunS, weii
lncy iiisNre eileir lIves Nun any con,
P"ny. WV, ~ Moeiu " wei ioI WI
perSois c2i.ehiPlasiiis me insuru,c ~
W heep Inese iiscts ~ VIEW anu W
MORN themselves upon Ille sunJec1
peiore seiecting tne persons VINO are
10 ne the trustees ior thelr wives anu
ciipuieh, Wheh tuey hre no longer
mere 10 protectahu uelehd theirrlgnts
anu interests, anu II man properly
appreciates the iniPort'lice vi tlle
step, as nc siiouiu, ne VIII NC very
STOW 10 accept as reliapie THESE spe-
cIous, 9lsIalr uiu olten-llmes grounu-
iessahd faise stateinentsa ana promises
from men VINO, II tney DC not strang,,
ers, are sucn oItentiineS rs he would
NOT creolc Ill ordinary transactions,
ana ne VIII also, as prudent man,
loving MS famlly, select as the trus'
tees anu guardians OF tneir interests,
men ana corporations OF whom he has
some KnOW!eqge, ana IN whose IN
teSrityr STABILITY ana iair deallng nc
can repose confidence. ihere Is
much looo Tor reiiectioh IN tnese sug'
gestlehs, ana were men TO observe IN
Ills important iilatler t.e ordinary
uegIee ol prudence Whicn Marks
'neir course III eVcry-u,ty transtctioIis
ior tnciii, anu they Wouiu not nave
pcc ; s,. 80 irequenlly 20 coihplaih o.
pau iailn Oh .he part ol Ihe agents o.
'oiipailicS' ulu III some cases oi in'
companies themselves. MUCH OF thl'
is t.,o ies,iI Oh ei,ae iea.ure vi ii,lillai
lu'uic whlcii uuuses llen W seek aia
VI, i9l tiioso lhin,ss when are 10 %
iooiiu ao ho'iie' Men siio''lu SERIOUSLY
Unknown persons In uistahtiocaiitle
as trustees lor tnelr WIDOWS ana or
pnahs, 10 you appoint man ii
NOW Ehelanu OF tne brlIlsn ROSES
Sioils as suarullh lor your cnilureh
executor OF your estate! DO thepeopl
OF new Ehgiaiiu OF Oh inc Nortn pu.
the,r MUS, SHOES, ury goous, h9ruWar
anu groceries, III tennessee! 10 the.
give ehlploymeht 10 our carpenters
prlckiuyers, 4uclilnlsts una 0the
iueciiallcs by no means anu ye
now often 90 our Mercnants anu pus
ness men, VINO Wouiu JaStty compiai
OF their IelloW-cltlzeLs ior buyih
tneir wearing apparei ana maxim
tneirl general purchases IN, distah
cities, give their money 10 stranger
anu sometimes uniriendiy ones
that, 70 BUY lie insurance, ana TN
'conhding TO unknown persons TN
very highest and most solemn fidl
'iary trusts, with rs little seemin
reflections as If they were buying
horse. This practice is now, and fC
some time has constituted seriol
drain upon the monied resources
tie state, ana Few persons are awal
oi the enormous amount OF none
estimated NJ about S2,0oo,ooo) IN
anhuaiiy nnus It's way North 10 Del
emu IN great part, ioreigh stockhol
ols ana corporations. In order
meet thls very want, ana 10 ST.
inns needless ana injurious draih, go'
ana prudent business men nave i0ri
gu companies, now III successful