The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1870-05-21
The Mound City Mutual Life
Insurance Company, St. Losai.
Missouri.

SO Carondelet street, to look at the new
and beautiful office of the Louisiana
Branch of the Mound City Company.
The Office was formerly located at the
corner of Camp and Common streets, in
the Story Building, and the change to
the new and very eligible location was
made the occasion for gathering of
the officers, examiners, agents and poll.
cy-holders, their friends, the officers and
agents of other companies and large
number of merchants, professional men,
incumbents of public offices and repre-
sentatives Of capital. The ample rooms
were thronged with visitors for several
hours, partaking of the magnificent
collation. OF meats aud wines prepared
! and carefully selected for the occasion.
Full justice was done to the solids and
fluids, and the flow of rare wines pro.
voked the flow Of wit. geniality and
! eloquence. Gen. SHINES received and
entertained the guests with the easy
grace and hearty hospitality for which
he was so noted at his old home on the
bank of the Atchafalaya-that delicate
warmth Of welcome which makes every
individual guest lfeel personally and
specially honored.
While returning our thanks for the
invitation extended to us, we would i'm
prove the opportunity to extend our
congratulations to the officers of the
Louisiana branch upon their remarkable
success. During the past year 1t has
issued policies to the amount of three
millions of dollars, although it has had
the active competition of twenty-three
companies, represented by some Of the
ablest men in New Orleans. We have
looked over list of its Louisiana policy
holders, and we fln1 the names of many
of the best men in the State. Old citi-
zens of the highest social position men
of prudence, forethought and business
like sagacity-men who look for securi-
ty and full equivalents "in all their bus
mess transactions. They belong to our
old and permanent population, aud are,
in most instances, heads and representa-.
tlves of ancient aud honored families.
The active, earnest and influential agent
Gen. b b Simmes, is well, widely and fa-
vorably known to the best of our citizens,
AID has the advantage of fine address,
much experience in business and knowl-
edge of character. He has devoted him.
self to the business of life insurance
with that singleness and directness of
purpose for which he is noted.
The Mound City is essentially a
Southern company, having its capital
and net receipts carefully invested in
Southern property and securities. As
regards its policy holders, its assets are
more than twice it liabilities, being two
hundred and twenty-nins dollars
for every one hundred dollars. The
policies Of the Mound City Company
average more than S475O each, an aver
age which is surpassed by only one of
the eighty five other companies.
Life insurance is in its infancy in
the West. For example. out of the
three hundred millions of wealth in
Louisiana, We presume that scarcely
fifty millions are represented by owners
whose lives are covered by policies pro-
portioned to their means. In view of this
wide field ct labor, it is gratifying to
see such companies as the Mound City
rising up to fill it.-LN. 0. Picayune,
18th inst. 49,.