The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1869-10-27
'sEmiNArIoNa oFSG$EFUL iNTELLlGlEScE." :. :.
"WEDNESDAY y iMlE05RNIENee ilE5 OCTOBER q, 1850.

~ pomatlCs, at, AhlKard. Mr.
James w, Alexander ,pcamo tn.
secretary Of tho soeiety) and those
four gentlemon are its Present off,
cors. ~ i IrnIy' ~. ;.
The new company commenced
operations at 92 Broadway, in
rooms of exceedingly moderate d.
mensions, with two small lads rs
its force Of clorss, aud at an an
nuai expense ofless than I've thou
saand dollars for salaries, Of otlicers,
clerks, and rent Of rooms. Its first
policy was issued on hthe 23d day
ofJuly, 1859, II was ,forslO, ,000; ;
the >porson insured is still living,
and the policy is still in force.
The business Of the two years i'm
mcdiately succeeding was not ex.
traordinary but with that Of 1862
began that remarkable tprogress
in which the figures OF insurance
rolled up in an almost geometrical
ratio from S2,853.d50 insured in
that year, to s51,99l, 1925 Insured
IN 1868, and which advanced the
society In the brief space of six
years from seventh in rank anon p
American companies for amount of
new business donc, to be the Soc
ond, and at present writing posi-
bly the first, Insurance company
in the world. These. figures be.
long to tho official history Of in
Surance, and may VOL be termed as
founding. The single 'forlorn pol.
ICY holder Of 1859 is now but one
IF an Immense army fifty tho't$a'td
strong, whose ranks ire constantly
swelling by the addition Of new
recruits to the number Of thou
sands annually, and tho two youth
inl clerks arc represented by q
corps over fifty oarefuIly-traincd
assistants, WHO arc now required
to transact the daily routine busi
ness of tho company.
a largo room, closely crowded
with desks,sis the department OF
Iho city soliciting agents, Of whom
l.hotetdre SONG, f1ty regularly au-
.horizcd nntl' nappointod. Their
tntirc time is spcnt among the bu-
Sincss mon Of tho metropolis, and
their mission is to induce husbands
and fathers to insure their lives.
in addition to these, there arc in
tho principal cities Of tho United
States and Canadas thirty.fivc
pranch Offices, each Of 'whici is
complete in ltsolf, with its corps
# travelling agents and clerks,
and employing sub-aycnts in every
village and hamlet in tho cburtry
10 the aggregate, number Of, sew
:rHl ,thoiisahd.s Theso Rfe to sthc
Equitable what both hands and
tongue are to >the body; They nre
managed by n committee Of the
oompany's directors throu g h
whom all appointments arc made,
The standing Of applieants'js in
vestiGatcd, changes recon mtndGd,
agents accounts scrutinizeC, and
action taken in all cases where
agents. have not proven satisfnc,
tory.i This COMMITTEES now con.
sists Of the following gentlemen!
James NJ. Ialstcd, President Of
American Fire Insurance. co. ;
Thomas S. Young, OF IS. Young
Il Co !; Mosos a. lloppocIe, Of M a. !.
IIoppock & Co.; lIcnry S. Terholl,
Of II. S. Tcrbell & Co.; Charles J.
Mart,n, President OF Homo Fire
Insurance Co.; Thomas a. Cum.
Minis, Everett House, N. Y. ~.
The medical department Is un.
dor tho direction of Edward Lam.
bot, NJ. D., and Alfred Lahtcrt,
NJ, D.: assisted BY the distinguish,
oI surgeon, DR.. William Parker,
us consulting physician. This is
evidently one Of the most impol-
tant departments Of the socicty''s
business. Tho bcsL insurance
companies do not ISSUE policies oG
Impaired lives, yet how can they
protect themselves from loss, BY
ira''1 or bad Judgment, when ap,
pli ants 'or insurance arc scattered
all o,ur tho country and are nun.
bored by tens Of thousands ? This
is effected by the admirable sys
TEN Of tho medical department
and it's careful arrangements fol
economy and safety. In the first
place no application for insurance
from any quarter is passed, nc
matter how favorabIy reported
until tho general character Of tho
modical1 / examiners b g System
standing and length Of practice il
the profession, the time aud plaqe
Of graduation, his ago, and tht
population tand characteristic dis
eases oflhis locality are ascertainet
by unexoeptionai references ant
certificates. These facts arc Pre-
served1in volnminous records, ant
constitute a , bureau Of modica
standing and eharactor Nor i
II overy ono apparently even il
good hcalthtbat can obtaih, apoli
cys Of insurance. livery applica
ton goes2through tho hands Of toi
different ;menyWhn separately an,