The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-08-19
CHARLESTON, C., THURSDAY MORNING. AUGUST l9. 1869

If its managers are honest aud capable, it
cannot fail. ..-
We have thought proper to make these sug-
gestions on the general subject Of Life In
| surance.
Now we ask your consideration OF the claims
of this particular Company.
| 1t was organized IN 1866. by some Of the
best citizens and ablest fnanclera in the coun-
try, and has been in successful operation since.
It has issued policies and paid losses, to an
| extent rarely equaled at its age in the history
Of Life Insurance.
We have been solicited, and have, in order to
found one grand organization for the whole
South, consented 10 joln this worthy enter
pr1se, By subscribing and paying for its capi-
| tai stock.
Founded on solid idnsonied basis, with an am
pie capital its ratio OF assets to its liabilities
the true test Of Company's strengths Sec
ond to mono on this continent; the ratio ing
nearly 800 to 100. While there are three De-
partments, they are Departments of the same
Company. aud each and every Department
guaranteed the payment Of the policies OF the
Company.
One Of the prime objects Of the or
ganizstlon, is to check, if possible, and
as Tar ss practicable, the drain Of capital
from our impoverished section, and at
tho same time to furnish to the peo-
pie as safe and as honestly managed COM
pany as ON be found in any section.
Have the people Of these States any concep.
ton Of the immense sums OF money yearly
taken from the South for Life insurance.. BY
calculation, based on the best statistics
which can be obtained, it is estimated that q
sum not less than ten to ttretoe Millions of dol.
lars, ($10 900 900 to- 50 000.0o0,l is sent every
year from the South for this purpose. We ask
tho people to consider how rapidly, and INTO
what gigantic proportions every material in
tsrest Of our section could be developed by the
retention. and landips. ,at reasonable interest
in our midst Of tiese enormous sums, and the
accumulation Of compound interest thereon.
The following tabular statement viii give
some idea Of the growth Of this business in
the State Of New York in the last eight years:
In lsse.-Number Of Companies ope-
rsdng In New York...... IA
Number Of policies issued. 40,6.7
t.L4 Accommodations IN premium
and interest. S.WU,l24 O
In l967-Number Of Companies ope-
rating IN New York;.
Number Of polides issued. 8s6.060
Accumulstons OF premium
and interest. -. ......... .459. 722, ,073 90
Thus it will be seen that the number Of
companies doing business in New York, has
increased from IA to Al in eight years, and
that in the year 1867 the receipts OF those COM
paniss amounted TO about sixty millions Of dol
lars ($6O, ,OO0, ,0Oo) in lieu Of less than four mil.
lions Of dollars t$l.oOo, ,0oo) in 1859.
There are twenty-seven or twenty-eight COM
psnies now dong business in Georgia. or
these. the "Sowaern Life,'-the Pioneer
Southern Company-is, we believe, the only
one which retains Its funds in the States COM
posing this department. Not one dollar Of the
accumulations Of this department will be sent
om of IT,; bat all its funds securely invested in
onr own midst, on Arst class securities for the
protection Of policy-holders in this company,
and for the development Of the material inter-
ests OF our own people.
Our agents In different sections of these
States will furnish ell information desired.
and receive applications for insurance in this
company.
SOUTHERN LIFE INSURANCE cohPANY-sTocK-
HOLDERS, Atlanta DEPARTMENT..
John B. Gordon, President Atlanta, Ga.
e. ". holland, Atlanta, Ga.
A. Austell, President Atlanta National Bank,
Atlanta, Ga.
j. 81. Galloway, Atlanta, Ga.
Rev. G.. .. Pearce, Atlanta, Ga.
John N. johnson, N. D., Atlanta, Ga.
J,F. Alexander, NJ. D., Atlanta, Ga.
H.V.M. Miller, NJ. D., Atlantis, Ga.
johnson Hagood, Barnwel, 8. @.
B. L. WiIlins ham, Alleudale, 8. @.
8: O. Yancey, Athens, Ga.
is. Hamilton, NJ. D., director Georgia Rail-
road Athens, Ga.
8. E. Bird, Athens, Ga.
Stevens Thomas, secretary Southern Mutual
Insurance Company, Athens. Ga.
Ben. a. Hill, attorney at law, Athens, Ga.
Robert Thomas. Athens, Ga.
D. E. Butler, director Georgia Railroad, Ma
Olson, Ga.
P. W. Walton, Madison, Ga.
F. Phinizy, commission merchant, Augusta,
Ga.
W. 81. Howard, Augusta Ga.
Z. II. PhiniZy, Augusta, Ga.
]. o. Matthesou, Augusta, Ga.
Thomas B. Phinizy, 81. D., Augusta, Ga.
Robert Toombs Washington, Ga.
Il. r. Harris, Greenyille, Ga.
B. ]. Smith, Cuthbert, Ga.
Peoples & stewart, Griffin. Ga.
A. H. ColquItt, Newton, Go.
Wade Hampton, Columbia, 8. c.
VIM. Johnston, President Charlotte and
South Carolina Railroad, Charlotte, N. G..
E. B. Walker, Master Transportation Wes-
tern and Atlantic Railroad, Atlanta, Ga.
W. a. Caldwell, Greensboro, N. G..
John B. Moore, Sumter, s. &.
SamI G. Iawten. Allendale. S. e.
Edward Fl. Peoples, Beaufort, s. O.
Jnhn n Bratton York g. @.