The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-02
KHE SOUTHERN LIFE INSURANCE.
COMPANY.
From the Cuthbsrt Ga. Appeal

From the Cuthbsrt Ga. Appeal
GUIMsRT, Ga, August 2l, 1859.
Colonel r. f. Aston, Supsrvising Aseni
SostAsrn Life Insurance CoW,pany
DEAH Sal beg leave to acknowledge
through you the receipt Of ten diosisdrd dolars'
the full amount of my claim undor policy 1851
yhichrwas taken out last February, on the hfe
of my late husband, Major Amos ( Ward.
Allow mo to express my grateful thanks to the
company for their promptness In tho payment
oithis money. In fact, they offered to pay me
the whole amount due within very few days
after the death OF my husband, provided /
would deduct the interest for ninety days,
which declined.
thank you personally for your kindness in
attending TO the appointment OF myself as
guardian for my children, and all other mat
ters which we're necessary TO secure to myselt
and little children the full bene6t OF nv hus-
bands Intentions.
With sincere desire to sec your company
succsed, remain, very respectfully,
ys.. 4 r. - NARY B. WARD.
The above letter from Mrs Mary B. Ward
uaade nc exclamation. Her lamented hus-
BAND. Maior Amos E. Ward, was formerly
SrnQng the wealthiese and most enterprlslng Oh
our citizens, but like nearly all the rest OF rs,
ruined By the resulfs Of the War. On the 18th
dsy OF last February he made application 10
the Sonthern. Lite Insurance Company for o
policy of ten thousand dollars, which vas .ac-
Soptsi and tbe policy issued. In less than ten
1asss after he received his policy, he was taken
:sick and fingered until his death, which took
plaoe on the 26th Of April The PROOF CT ms
n g.
2ath of May, and Colonel Alston, the supays-
ing agent OF the company, came az oace %
Cnihbert and offered to pay unto the family
the full amount Of the claim provlSed tney
.Rnnld deduct the ninety dayB. interest, which
Hrs. Ward declined TO do. The money was
therefore due on August Gath, and on the 2lst
was paid over. -,
We are slsa to know that this deservedly
popular company is doing very largo busl-
jness,insthe Sonth- h-]aTger2 perhaps, than any
other company. IL Is purely Southern cor
poration, and hzsbeeno instrumental IN stop
ping, to soma extent, the immense dram from
our Impoverished section, OF millions. which
annually go North for life insurance, which by
ejaculation, based on the best statistics which
car. be obtained. reach the enormous sum Of
oyer twelve milliors of dollars annually. There
are ,yenty-seyep Northeru companies dong
business in Gergia, besldes the companies
from other Ste tes. or them, the Southern
1dle Is, We peueYe, tDe Only unb WHICH retaino
ITS money in tie State. Not one dollar taken |
In Georgia is aent ont Of the State. but is Sc
c1re.y invested among our own people for the
protection OF poicy-holders and the develop
mentof our own material prosperity.
This feature in the Southern Life has natu- |
rai3r exdiled the animosity OF the Northern
o0npacies, and been the cause OF tho most
slsndeious attacks from Northern insurance
Journals, These, attaeKsJ however, haye had
no other result than to add very largely to the
tknsinsss of sthe company, and to bring forth
replies from its Office which proves beyond all
controversy unless the people, believe that
Genera Gordon is guilty Of perjury, that the
Southern Life is not only solvent. but the
strongest company doing busineas IN the Uni
ted States. The true test Of o companies SOL
veuoy is not the amount Of assets, but the
relstiye ratio Of assets to liabilities. A COM
pany may have twenty million Of assets and
owe tuenty-one mllhon, and thus be-a surely
insolsent as one which owes million and has.
no assets. Judged by this rule, the Southern
Late stands withouta compeer among all the life
insurance companies Of the United States as the
,soflo8ing table will show. This table is CON,
piled froru The sworn returns 10 the Insurance
Superintendent Of New York, for the year end
ing December 8tst, 1867: