The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1869-06-12
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IL eighth ID rank alslpl.a IIH IaadlnE
Flffa MsffHFida companies ~ ihf
4 nitad ffAIas. fIaIsy If which wara
M many Bsafx A. II was moHfhs old.
During tiie I#ai HeHih, howes ~. -
fnpidI5 baH heen the Increase If It,
H~Hines, lIlat II hos mounted III the
INN ii rank. eeIip#iug IN that sIlort
space ~ time, III The amount III risks
ffeetod, the will known Nuw York
Life, established IN 1876 1.-The Mutual
Bonedt Lite, of New Jersey, esiab-
lizhed 10 the saIne yenf aud thc
Knickorbockor, Of Now York,
established III 1868. TIcre are now
hut fpnr companies IN advance Of
this young giHnt Of the West. md
those staipd in imminant daurcr Of
Icing suspended before the Life As
sociation shall have rounded tho first
year Gifts existence.
Tho rcsult only serves to show
that 'soine things can BE- done ms
well IA others fmen will only put
their shoulders to the wheel and
marx. The figures are so interesting,
and withJ 80 convincing that we.
shall be pardoned for repeating in a
condensedform the essential features
Of the monthly bulletin, which may
befoundinthis morning ssucofttc
Tmes.
First. In ten months ls73persons
have taken out policies in this
company, the combined Insurance on
whose lives amounts to upwards OF
thirteen millions Of dollars.
Second. Tho average amount of
each Of the 1878 policies taken out
ia the Life Association, is $7024,
while the average amount Of the
policies in all other companies is
only 1886.
Third. The business done BY the
Life Association in ten months,
reduced to the average value of the
policies Of other companies, is equal
to 454S other policies.
Fourth. The premiums received
,lby the Life Association for the 1873
'Ipolicics issued by them in ten
months are equal 10 the premiums
learned by 4548 policies in other
companies. U.{gT
Whatever hostility may be excited
,lby this unparalleled Advancement
aud 1t Is tut natural that the old
established companies which IL has
so steadily oyerhauled and passed
should Wow its progress with con-
cern--there can be no valid objection
urged against it. Iflife insuranceis
founded upon correct principles, the
more business a company does, or
the more speedily 1t does it, the
better for both the campany and the
assured. Tho ratio OF expense il
|, certainly much less than 1.-THE same
results had been arrived at in ten
wears, insteadoften months. Again,
the AVERAGE high rate offs policies
being nearly three times rs large as
the average rate Of all other eompa-
nies-is an argument in its fayel
that cannot be overestimated.
ShreYd business men do moi
uniformly invest IN unsopnd enter.
priaea, no maiterhow persistent may
be the solicitations Of agents; aud ii
this case the eridenceis all one way
The assured not only exceed il
number those'of any Other company
for tho same time, but in the extent
Of tho amount insured, and c~ertainl,
! viii compare fayorbly as to standing
and Intelligence with those Of any
similar organization in the world.
II we were to attempt to cxplaii
{ the causes which have conspired L
produce these remmkable aud, v,
believe, unparalleled results, VI
should probably be atas great a los
astlle agents ofmany of necompet
. ing companies, who have abandone,
the task ~ hopeless. TO tw,
: things mainly, however, we believ'
they may be attributed. lst, a sonn,
: and substantial! hasis, and, I'd, I'm
: firing energy aud intelligent enter
! prise. Many m~efitoriois scheme
fdI beeaHse they are not pushed ;
recognition MOI 40 with the LII
. Association. Every element Of SUE
2 cess has been employed, and over
y foot ofground advanced to fully o.
: cupieL. II The same intelligence an
|, enterprise Ind been harnesscd I
J equally worthy II. Lau,s undel
I tgkings, We should not now be col
quilting one with the other how BE-,
q 10 outwit or Quito our rn-ahea