The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-08-21
Tho Memphis Ayalsnohe is equally strong in

, Ino memphis AValsncne ls equally strong In
The Atlanta Intelligencer says: "Thiatoon-
| pany, we do NIT hesitate to Say. ia ona- Of tho
most reliable .; well as successful in not only
hf Shs seesh coh,uon aHs sns vnSs ss1
liberal features, and It's patriotic object. It Is
accniefinR success unparalleled In tho snnals
OF life insurance"
capital and large surplus, it at once guaran-
tees to policy. holders perfect security" aud
urges Southern people to patronize 1t, because
II retains the money at home.
might fn whole columns with extracts
from leading journals in South Carolina and
elsewhere, but these m " answer for an Offset
tr the Times-possiblv
. The Times. however, charges that we nav
-, -ssi Rnt ia tho Tinnas r,sia q. a..
pus sisSe o. R no. These Journals can be bouaht
the Times cannot. How is thisf rialniy, sne
answer must be-these are Southern, that
' But deny that one cent was ever paid for
any endorsements I have quoted. DID pay
card In reference to this g, me card, others
to pay to get these facts before the people.
Ths southern Life is able to payi 4 win make
money by spreading them before the country,
and 1t will continue to do It.
The Times will find, I imagine, that it has
undertaken q difficult task in trying to toaoh
the people Of these States that there are not
manage life insurance; that the officers of this
company,t at Memphis, have swcrp falsely;
| men whose high and responsible positions as
| railroad and bank presidents indicated the un-
limited confidence OF the country in their COM
| mon senee. integrity and financial ability. r
will not be easy tc conyince the South that tho
| long list OF Southern gentlemen connected with
this institution are engaged In grand scheme
| to defraud the wIuows and orphans of t. 9
South; or that they will settle 'lss fairly with
policy-bolders than companies 'n the Times
| section-some Of fwhom boast O, accumulated
millions by the forfeiture Of rebel policies
who have one price for the North, another for
| the South, aud Who have endeavored to pur-
chase the policies of rebel widows for con-
temptible pittanos Of the au'.- insured.
| He mistakes tho Southern people when he
| supposes them 80 ignorant Of life ineurapce
| as to believe company from the North, with
less than $3.50 OF assets to $100 OF liability, is
which has $500 For every 800 OF liability. O.,
when he inagines the South so North-struck
| as to bellove, because company halls fl om
ars. rs 600 ot the @ poiicyhoders g money, snd sn
| another offers agents forty five per cent. COM
missions, and yet be more economically and
better MANAGED than q Southern company
| WHICH pays it's president-who in financial
| it's best agents less than one-half OF the above
commission; or that "a company from the
North, which pays fifty to tifty-seven per cent;
| than the southern Life. which, np.withstapd-
| ing lis rapid aceumulations, has not paid one
dollar to its stockholders but has paid forty PER
| cent. to it's poiicy-holders.-
The Times began the war upon Southern in
| stitutions, and; strikes the ,Southeru Life only
| because st is the pioneer Tho success OF this
company has checked the drain OF money from
our section, hence the Times complaint OF sec-
| tionalism. We make our humble acknowledge
ments OF beiug Intensely sectional, if an honest
| effect to retain Southern money at home be
sectional.
In conclusion. acknowledge my indebted
| ness TO tho Times for the opportunity he has
| afforded for getting these fac,s before the peo-
pie: The Southern Life invites it's further at
| tacks. If tho solid nBsets OF this company
and Its patriotic purposes, do not commend it
TO the confidence and supporter our people, it
will never ask the aid Of the Times. If such
sheets can destroy the confidence OF the South
ern people in the directors and stockholders Of
this ompany. then, indeed, have these gentle
men lived to little purpose.
Respectfully, JOHN B. GoRpoN.
President Atlanta Department, Southern Life
insurance Company. advertisement,