Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1869-02-16
National Life Insurance Company

National Life Insurance Company.
The success of the new National
Life Insurance Company has been re-
markable. Its charter was granted
by Congress July 20, 1858; on the
LIST of August, just one week later,
the company advertiseditself as ready
Tor business, and in four months there
after, when but comparatively few
agencies had been established, more
policies had been issued than are ia
ken out with most new companies
Turing the whole first year of their
Existence. One main cause for this
great success is undoubtedly the fact
that many of the leading bankers OF
The country, including Jay Cooke d.
Co., aud Clarence II. Clark. are ill.,
tereSted in the enterprise as directors,
stockholders, general agents. or sub
agents. COMBINED with the financial
talent thus engaged is an energy in
making known the peculiar features
Of the new organization which has
popularized them, and, to quote the
motto Of the Company, made assur-
ance doubly sure that the plan was
well conceived and wisely executed.
The " National" presents the old
subject OF Life Insurance in new
phases, which seem a happy innova-
ton upon the long established routine
treatment. 1t ignores entirely the
making Of dividends to policy-holders
1t bases its transactions upon the as
sumption, that the cost of insurance
is as we'll ascertained as that OF any
other commodity offered for sale, anC
it sells this insurance at as low a rate
as safety will warrant, without any
promise to return to the insured, a
some future day, an amount necessa
rily uncertain, because dependent
upon the Company's future business
and exemption from possible losses
/" Mutual" insurance companies know
the cost of insurance. but fearing tina
some unforeseen calamity may in
crease this cost to them, they charge
their pOlicy-holderS "a sum in excess
OF this known cost, promising after {
sufficient time has elapsed to remov
the apprehension of such calamity
to return To them, in dividends, tn
excess thus originally charged. Tn
National Life acknowledges the liabi
ity OF such contingency, but provide
against it by capital of one millio
dollars, fully paid up, and securel
invested. Insurance with this CON
pany is thus made simple bushes
contract-so much insurance for S
, much money, with no possibility o.
misrepresentation by agents or of al
lue expectations on the part of policy
holders. Life insurance, more tina
almost any other form of investment
,hould be made a definite bargain
subject to no fluctuations or compl
cations.
The last three months, with the vi
q certainties and excitement of ele,
D tons, and the stringency in money g
the great business centres, have bee
extremely unlavorable for startin
G new enterprises, and yet this compan
!. has achieved the success which "
1 have noted. Arrangements are beir
+. made with the well-known house @
@ Wells, Fargo d. Co. to establish q
d agency on the Pacific coast, and age
# cies through the Southern states an
n the Canadas are also in contempt
g lion. 1t is probable that before Il
D. close Of its first year, the Nation
n Life will have its business connection
d as wide spread, and will be in recei
ne of a revenue that will compare fave
ID ably with the oldest insurance CO
it panies in the world. P. D. MCMl
I'd Ian, St. Johnsbury, Vt. agent.
Ht,NrChnu