The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1869-05-13

triple.
lst. Every policy holder is contr'bu-
ting to the payment OF the policies oi
those who die from year to year.
I'd. The reserve accumulatiuns, with
compound interest, are held sacred for
the protection OF the insured.
Sd. The capital paid in by the Stuck
holders is invested in paving securities
for an additional protection.
It will be easily seen fr"m the fore
going, that Life Insurance differs from
all other kinds of Insurance; and a
careful consideration of ;he subject will
enable every thinking man to. arprrcl'
ate the assertion of one of the abI"st
writer's ON this subject, Of the present
AGE, "thar the systrn of Life INSURANCE
has been moulded into s"Ir u. perennial
pr,y:seucr fur The widow aud orphan.
rs pure and cheering aS sunrls" and a.
most as sure :" and the rcmark o lr"
fessor DeNurgun, that ''notln; in tn"
commercial wnrlI, approaches even re-
motely, to the security Of a well rS'ab-
li~lcd aud prudently "anugcd Latc As
surance Conn any.
If its managers are honest and capa
BILE, it cannot fail.
We have thought proper to make
these suggestions on the general sub
ject Of Life Insurance
Now VIC ask your consideration Of the
claims Of this particular Company.
1t was organized in 1866. by s"rme ot
the best citizens aud abl-st tinancicrs OF
the country and has been in successful
operation since 1t has issued policies,
and paid losses, to an extent rarely
cqualed at IT'S age, in the history OF
Life Insurance.
We have been solicited, and have, i"
order to found one grand organizati""
for tie whole South, consented to j'l"
this worthy enterprise, b. subscribing
and paying for its capital stock.
Founded on "A @tid monief! basis,
with an ample capital itsratio of assets
to its liabiltics-the true te-t ol Il Com
pany's Strengths second to NONE on
this continent The ratio heing nearly
300 to Ito. While there are three
Departments, they arc Departments of
the same Company, and each and every
Department guarantees the payment of
the policies of the Company
One Of the prime objects If tie or
ganization, is to check, if possible, and
as far as practicable, the drain Of capital
from our impoverished seetien, aud at
the same time to furnish to the people
as safe aud as honestly managed Com
pany as.can be found in any section.
Have the people Of these States any
conception of tln immense sans of mo-
ncy yearly taken from the South for
Life Insurance? BY calrulariuu, based
on the best statistics which can be OBJ.
tanned. it is estimated that SUN of not
less than Ten To Tceice MiNions If Dok
4,vs Gsl0,000,0eD to Sl2,n00 000) is
sent every year from the South interest
Of our section enuld be developed hy the
retention, and lend.ng at reasonable in
tcrcst in our midst, of these enormous
sums, and the accumulation Of compound
interest thereon.
The following tabular statement will
give some idea Of the growth Of this
'businessin the State Of New York in
the last eight years:
In lS69-No of Companies operating
in New York .............~.......94
No. of policies issued, ..40,6l7
Accommodations in prenn-
um and interest. .-.S3, ,970,q24 90
In lS67-No. Of Compa- ;
mes, ....................4i
No. of p"llcirs issued, ,...........396 $50
Accumulatious Of pre-
MUM and interest. S59,725.074 co.
Thus, it will be seen. that the man,
Der Companies doing business in New
York, lras increased from II to At, IN
eight years, and that in the year 1867.
the receipts of those Companies amount
ed to about Sixty Millions Of Dollars
1850, 900, ,00c) in lieu of less than Four
Millions Of Dollars Isl, ,O00) in
1859.
There are twcnty,scTen or twenty
eight Companies now doing business in
Georgia. OF these the &"thern
Lije"-the Pioneer Southern Company
is, we believe, the only one which re-
tains its funds in the States composing
this Department. ..Ed one D,'lnr OF
the accumulaiinns Of this Department
will be ~R out nf II; but all its funds
securely invested in our own midst, on
first class seruri'irs, fur the protection
Of pulley holders in this company, and
for the Development Of the material nj
tcrests Of our own people.
Our agents in different sections of
these States, will furnish all infurna.
tim desired, and receive applications
for insurance in this Company
JoHH b. GORDON. Pres. Atlanta, Ga.
A. l.. C"LouIrT, Newton, Ga.
b. 6. YANUEY. Athens. Ga.
i. w. HoLLLAND. Atlanta, Ga.
A AUsTELL, Pres'd Atlanta Nat.
Bank, Atlanta.