The Republican journal. [volume] (Belfast, Me.) 1829-current, 1869-02-11
Concentrated Responsibility.

There appears to be, in these days, an increasing
desire by the public for things that are permanent
substantial, and in every way re LIABLE This, as
sign of the times is most encouraging. In our pub
lie buildings we see massiveness and an extent of
accommodation never thought of by our fathers; in
our bridges, teegraphic cables, immense railroad
lines, and all internal improvements, we are willing
to sacrifice any considerations OF present or doubt
ful advantage, for pernanence, security, and eX-
tended capability. So too in regard to our incor
porated institutions, we exhibit a disposition to
establish such bodies upon wide and secure toun-
dations, to abandon the idea of numerous small and
comparatively irresponsible compan les, with limi-
ted capitals, and TO concentrate, as far as possible,
the responsibility on which the public monetary
interests may depend. The substitution of relia-
BILE and concentrated bank-note system in the place
of that one which allowed little bank, in any little
town. to send out notes of very little value, any
where but at home and which might become at any
moment of no value anywhere, has been of the
greatest public service. A national bank-note,
issued in Name, is perfectly good in Florida, and
if the issuing bank cannot redeem it, the Treasury
Department at Washington will.
So with Insurance and other Companies of the
kind. The most popular life insurance company in
America will doubtless be the ''National Life In
surance Company OF the United States" The char
ter OF this Company is not given by any State Leg
slature, but by the United States Congress. 1t Is
intended to in its operations the whole coun-
try. Its capital, not dependent upon future contin-
gences, is one million dollars, all paid in. Its
directors and managers are men who stand at the
very head of financial affairs III this country Clar-
ence H. Clark, Jay Cooke. and others of the very
highest integrity. There is nothing about tn is
Company which shows any signs OF possible weak
ness in its construction. 1t is not necessary that
its business should increase, and its affairs flourish
in order that 1t may be reliable and competent to
meet all losses and just demands. 1t is so now.
Founded by men of wealth, its position is such at
| its very inauguration as few companies can hope
to reach after years of successful existence There
is no risk. dependence the future success of
the Company for ones belief in It's character.
Besides this substantial foundation, the National
Life Insurance Company presents many induce
ments to those who wish to make provision for the
future of their families. Its rates are very low in
comparison with other companies. Its policies are
negotiable but cannot be attached by the creditors
of the insured All its promises are definite and
certain-there is no chance dependence on flI-
turc profits in any of them. There are no unneces-
sary restrictions in its policies, and no eXtra'
charges of any kind
! Then, its plans are of various and advantageous
kinds. BY one, party can be insured in the ordi-
nary method. By another, all the money received
as premiums WI be added to the amount of the
policy and returned to the heirs at the death of the
insured. BY the Endowment Plan, the policies
payable to the insured after the lapse Of stat
ed term of ten years. or to his heirs whenever his
death may occur.
By the Income-producing Plan not only will the
family or heirs of the insured party receive the full
amount of his policy at his death, but he WILL him
more years, as may be agreed upon
Therefore, it is easy to preceive that, by uniting.
in one Company, all advantages, both of plans Of
insurance and of absolute security, arising from an
immense combination of capital, the National Life
Insurance Company gives every promise Of being,
truly, The Life Insurance Company of the nation
Philo Hersey, Agent, Belfast, Maine.