Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-09-12

erS was totally faiSe, as the circul
mentioned Southern policy-hOlde
only.
The Journal and Messenger, in
spirit of fairness, published both side
but no answer was ever made to tn
last communication; and as far as
know, the Company has never bee
able to get any one here to represei
1t since that time.
NY attention has been called to tn
Company again by various circular
and advertising lodges, which hay
| been recently circulated all over tn
State. One of these, now before mt
lauds to the skies the "Old and Rel
able" New York Life Insurance Com
pany. 1t is represented as one of tn
oldest, Wealthiest and most reliabl
Companies in the United States, an,
very desirable one for our people {
insure with.
1t Is an old Company, and 1t Ough
to be wealthy, for it has stolen from
the people of the South immense sum
for which it has never given value re
ceived; but having a little practiea
experience as to its reliability (?),
must demur to It's being a desirable
Company for Southern men TO patrO
nize.
Having been pOlicy-hOlder In the
Company before the war, and know
ing the course it pursued towards it.
policy-hOlders at the South, feel il
my duty to do what I can to hold III
this Radical concern in its true light,
and prevent Southern men from pat.
roniZing it.
Though thorough SOutherner, aud
an ex-rebel, | feel no hostility 10
Northern Companies as such, but
| when a Company allows its business
to be influenced by politics, and makes
war upOna people for opinions sake,
l think it ought to be known far and
wide to prevent that people from add
| ing further to its ill-gOtten gains.
| Shorty after the controversy in the
Journal and Messenger above alluded
| to, when an answer to the last COM
munieation against the Company was
| expected, some certificates bearing
upon the case Were obtained to estab-
lish the charges made. These eertifi-
Gates, from men well known in this
community, are given below, and they
speak for themselves:
OFFICE OF THE NEW YORK LTFR INsu-l
RANCE Co., liz and III, Broadway,
,. Y, August Is, 1869.
F. c. Granniss, Esq, Macon, Ga:
Dear Sir; have the pleasure to
hand herewith, circular relative to
the renewal Of lapsed policies. This
rule Is not intended 10 apply to such
of our former members aS may have
voluntarily abandoned their policies.
Yours, respectfully,
(Signed) WM. II. BEERS, ActuarY.
OFFICE OF THE NEW Y0RK LIFE INsU-l
RANCE o., ~ and ia broadway,
y. Y, August 10, 1867
Dear Sl'; At the monthly meeting
Of the Board Of Trustees, held August
8, 1865, the officers were authorized to
renew Southern policies lapsed for nom
payment of premiums, upon receiv-
ing all premiums in arrears, with
compound interest at per cent,
satisfactory certificate G. good health
from of our regularly appointed Med
ical Examiners, TO be approved by
the Home Medical Board, aud evil
dence that the assured toGA no active
part in the rebellion.
You viii please communicated there
fore, to our pOiicy-hQiders III your
agency, that upon "a compliance with
the above terms, il will afford ia
pleasure to renew their policies, pro-
vided application he made, with the
required certificates, on o. 5efoTe the
lSt ddE Gf GF5ber next, the medical
examination to be made at the expense
of the assured, and all the requisite
documents made To the Home Office.
Policies thus reinstated will occupy
the same position as to dividends, etc,
as if the premiums had been regularly
paid at maturity.
. (Signed) WM. II. BEERS, Act v.
MACOS, GA, June ; 1852.
certify that ! was agent at this
place for the New York Life Insurance
Company before, the late war, and
that the foregoing is a true copy of a
letter and circular sent to me by that
Company ia 1861, the originals now
heing in my pOssessiOn) in answer to
q letter written by me on behalf of
myself and other pOlicy-hOlders who
desired to restore their policies.
further certify that none of the policy
holders in this district complied with
the terms of the circular, and that no
policy was restnred under Ii to my
knOgiedge. no other terms bey0nd
those given in the above circular were
ever offered me 10 enable me 10 renew
my policy Of $4,000, T., said Company,
as & ooutnern man, 1 could not fur
nish the eridence required of S0H5he5n
Ootic-UhOiders as pfescrihed by the
Board of Trustees in said circular.
(signed) Z. c. GRANNISS.
MACON, GA, June 5, 1869.
l certify that was pOliey-holder
In the New York Life Insurance Com
pany before the war, and regularly
paid my premiums from 1917 till COM
municatiOn with New York was cut
Off In answer to a letter Of inquiry
in 1860, in regard to restoring my pol
ley, received a copy Of the foregoing
circular, with the terms Of which, as
applying 10 the war, could not COM
ply, and being over seventy years old !
could get no Re,C insurance. In 1868.
upon their agents representing to the
Company the injustice done to so old
3 pOlipy-hOlder, and the bad effect of
such a course on their business. the
Company agreed to adjust my policy,
and ! received ($75 00) seventy-fiVe /
dollars rs the cash value of a policy |
ON which / had paid premiums for 4
fourteen years.
l was not satisfied with the adjust |
ment, but accepted it as the best the |
Company would do, and better than |
nothing. Yet, they publish my name |
in list of policies satisfaot0rily(?) |
adjusted.
(Sigpedl A. II. FREEMAN.
Only one policy-hOlder's certificate /
is given, but that is a strong one, and |
many more can be obtained if de- /
sirable. Some who paid the preini-
ums all in cash, lost not only the pol
icy, but the accumulated dividends
all being forfeited under the above /
anti-reba circular.
If advertisement was made for the
sufferers by this prOscriptive policy of
the New York Life Insurance Com
pany, quite a formidable list of names
could be obtained in this State; and l
think 1t would be a good idea to call
for names and form a list. Then this
brassy concern could be confronted
with damning proof "strong as Holy
Writ"
am a good hater, and cherish the
most lively dislike to this extra-loyal,
Insurance Company:
but aside from my personal feelings. I
my Judgment tells me that q Company
which will swindle people at one
- Il Al