The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-10-02
1SsURASCE COMPANIES.


CIPCTLAR-TO THE AGENTS AND AN,
" PoLICYHoLpECRRSy OF IYsSb lhs T1asPLTNG asPLTNG-
TON MUTUAL LIFE INSURANCE COMrfaS CO,f.a md
Tho combination of the above two popniaa,r, ana
progrsys n rGTnaTG; riS IFE II = EINsuRANcE
T0MPNSY.,, win naturally lead to inquiry @ as 10
IL canse. hence we have deemed 1t proper 70 pup
iish the facts OF the case. that II may DC tay uh
The ganid organization of various eonpanies IN
many localities. OF necessity. was reducing ZIG
area of active operations to more remo,e cohpSt pc
nes, while the heavy and Increasing burden 9s
lateral deposits. taxes. andeSpenses, was "eiEhlS
heavily on all companies. ,.v
combination would. OF necessity: give the new
company AL the the 9pcnses rs and IN every
syn,otcrinllv advance the future interest OF pol
hdsrs At the heossaT saae smpeT sveraSe
md the larger patronage and increased assetn anu sna
At once place it In the vantage grouma onest,on % then
,o consider was whether the companies stnoo n1.
anou@b on m equality tn make the comolnauon
work no detriment in that regard TO inc poiiey
70 solve his question, a committee of the most
practical business men were appolhtsu W .i"o. -,
rate the status Of each company. While me seINitss
Of learned and skilfu actuary was adueu st1 W @
committee make ample reserve inr outs.aniI tsnnniaI
n,licjcs and In an actuarial "a well as HnahcIai
sonsn TO test the relative condition OF each COM
pany. . ~ ,boInaaIs
,rocorsa merchant Of over twenty years expert
rnce John c. Williams. Of William b osr ~ 20
CO. hankersof mrce RuTr nnTPcd Presdent Of Chamber
If commerce and Secretary of Insurance ana sa-
wings Company--noted for his iearn,ng g,ai anu sdvi-
any II The Arlington and learned attorney
T T! ,atrr. '"ment, together win os Wirai
b. smith Il gradua'a o. snc ~ Mathematics In
rirh,,ord nn College and a.'uary OF Ie for
r,nra cnmpanv, we're appont,' = ~. tnnmmittea
the purpose From the report OF -.
the following extracts are maze ,it, conn
v, ,rpif -
rtttac from the Piedmont Real Estate ILL., h,n fnlly
rance Company with view 70 ,GHany lnuGsssa and to
asccrtain whether union of the two compahn,ra hasa
would be advantageous To the respcctlse rhn,ders
NJ thn same both policy-holders and stocknoIuono
vi rncffIv ,H rcport that thev met according TO ap
noInnfmemi' and patiently and fully investigated
thr u fairs Of the two companies. - ro.ont
,Ralaucc sheets Of each company; ol irs0nS nv
date, we're fully examined and brought down "
the Balance sheet of the Piedmont was iouho
n he rs follows erin osT A.
Estimated reserved fund......,....'. 4"'. I'O "
Surplus as to policy y-holders. s2'o' ''o 20
..The halance-shect of the Arlington STANDS as
follows ,,, 20
" Assets az - ~
" Reserved fund. ........'''r'...
Surplus as to policy -hodcrs... S2'o'"' d
"Surnlus of combined companies .,,, .,
from acknowledgements ..........,'.. p''o,'i' w
Total liahiities" "' o"'" ''''' s4,soo 90
..Eot surnlus of combined companies f5i2 llo 20
..Your committee thus find the two compaanies MES
very nearly upon m equality as TO assets anu 81 ,
plus and advise that the union OF e "u ptha
frctrd IL being understood and proVlhed lna. @ .i
couo stock Of Sl00. 900 of each company pe placeo
~ not - now In idcntically the same condltlon
.On this basis the two companies can come ~
,,n,rrr on terms of complete equality ana WIN
rmItahlc reference to the claims oi me stoch; ;
Han ,fh