Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-01-29

II. Of dollars, made very slow progress,
for 1t encountered ignorance, prejudice,
centric persons were found here and there
who, IL was reported with wonder by the
gossips,. had got their lives insured, but
GenI,es,aIiy the public could not see how tno
fully stood aloof. But America Is discov-
cred, and Columbus requires no defenter.
Locomotives and steamboats, are running,
ana the Geographic lever clicks ; Stephen
son and Fulton and Morse need no certih-
cate of good intellectual character now.
Life Insurance has also proved itself and
coMins more aG ppna more e"0 IKE rins
hight held up to show the sun. Ten or
twenty years hence, the uninsured man
WI pe sne excep.dion;;, wnen man u,Is
or he left any life insurance, but how much
did he leaye I; and the man who thon neg
lects or refuses TO insure his life VIII be
thought without excuse, and charity alone
will be able TO save his n anne from deserved
reproach when he Is gone. -tt A"tt'
The slow lprogress Of Life Insurance for
the fdsa OF forfeiture. So lately as 1870,
feifed the whole but in that year tho New
York ILfe mot the difliSulty BY boldly
ure, better known as the" Ten Yoar plan.
by this step in advance, a policy may be
wholly paid In from two to ten years, after-
on the contrary yielding the owner an In
come while living. The effect OF this i'm
provemont was most decided; IL has proved
ture ever Introduced, and nothing need be
said in Its praise further than that every
othor COMPANY withoutexecption, then or
since established, has been compelled TO
Yet, while quick to discover and apply
anything really All Improvement, the New
! York Life has always leaned strongly to-
wards conservatism and caution. II does
not offer "cheap" Insurance, and does not
countenanoe any of the regent inventions
styled Improved plans, which are either
| by new names. There Is nothing doubtful
about the assets of the Now York every
dollar is solidly invested. No officer oil
trustee Is allowed To useits funds; no loans
| on personal security are made and all In.
vestments and transactions are In the name
ofthe Corporation. Prior 10 each monthly
Board meeting, the Finance committee
! with whose CONSENT also all loans and In.
vestments must be made--sublect the as
sets to u nostskiiful and searching exam.
nation, and report TO the fun Board, with
taken for granted; ell tho bonds and otbei
representatives Of value are actual seen
aud handled by this Committee monthly
ws & the ssr G ss 3s shsssea Ss
guards, thsrei Is a final one in tina eircpm
stantial report made by the Company ain
nuailya To the Insurance department
(which specifies IN detail all receipts, dis
bnfsements, liabilities, items OF assets ant
Iloans, particulars OF new business done
etc, all of this information being officially
published. 500. go QUE .Iuni i. ~ 3oi :
During its career, the New York hai
passed hndsturbed' through two sever,
A eoInmercial crises and the recent war
the war, It dealt iibsraiiy and fiiriy,' Dur
ing the Twenty-Five years-a long period, n
we now reckon events-inany corporation
have arisen and fuien, and many tinancia
VI bubbles have burst; ana now, especial.
since one OF the dangers of to-day is the
tendency to try experiments and dare IN
tcertainties IN Life Insurance, the mana
4 disposed to leave the straight line o
safety. ID. VA -F u.yuIt van II
I In the year 1858, the company purchase,
the marble building, n2 and ~ Broadwa sX
4 warehoiss BY Mcssrs. bowen. McNainee 4
CO. This purchase was looked upon MS quit
a bold step In advance, the building bcinl
become more and more inadeq1nte for thu
growth OF the business, and In 1857 tho com
ground ut the corner OF broadway ano
slSS'So Was refused within thirty day
Y building was disposed OF III an advance o
nearly s200.000 upon the original cost. Up
on the new site magnihcent marble ed
/. Ace has been erected, at "a cost Of aboutt +,
Q00, 600; yet, large Us this amount seems. 1
! Is expect.d that the income from the othe
! porLions of The building will enable th
SS%pa XXI n ', Sseppy II own commodioa
| All this success In tho past, apd all tn
cheering prospects for the future, owe moth
ling to the aid OF stock capital, The New
York Lie Is for Its members only. The en-
] tire assets, aud tho new building. belon
: extensively to tho policy-h olders, VIII
alone are fho Company. Early In 1870, tn
Company will be able 70 o.lshsats It's quar-
, precautionary In the new officos; but She l'
J the astonishing growth OF tho past tei
: years continue, even this stately ediho
may becoine Inadequate before the serni
be guided By tho dictates Of reason. Ell
u anime and loo convinced. DO not 20 else
! where, but get your policies OF .
y G. II. JONES, Agent,
Ssv YORK Li.0 .aTuranco COMPANY