The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-05-30

Missing the tender voice
Sweet as throstle after April ram
That may not sing again.
NEW YORK LIFE INSURANCE COM
PANIES IN EUROPE
from the Cosmopolitan
II seems little odd that while tne United
States are constantly coming to Europe lCE
capital, Life Insurance Companies N NGW 5Gn
srouches snou T IN london Paris and other leading
cities of the Continent. Formerly tne agents |
of ENGLISH Life Insurance Companies nad ON
cesIn Wall street, and did q large ouslness
In America. But now the tables are turnea.
while branches of British Fire Companies are
ourshng all over the United ten Ises fss
field: This is owing. not 80 much TO preJudlce
AGAINST foreign capitol as to the superior sys-
tenn OF life insurance tnUenteG, we may say, ny
the Americans, and chiefly by the New 5ork
Life Insurance Company, one OF the 1idest
largest and richest companies in the Uaited
States. and which has recently opened offices in
london and Paris. In the fine new ouidlns,
Nos. rs and n, Cheapside, our old famllar
friend. 1.-THE New York, :" has opened sulte OF
elegant offices, and unfurled lts banner 70 ne ene
breeze of British favor AS was 70 nase et5a Stn
expectcd, 1t has already caught a little OF the
bIes bleeo over Even Engiishmen are becoming less
insnlar. and more cosmopolitan. They Degin,
reluctantly, to acknowledge that certain goou
things" come from the Nazareth over tne wa
ter beside the "Almlghty Dollar" ana the
American system OF me insurance ent 70 ~ Up1 ISa
ttNew York; Is Mr.. Harry S. Homans, VINO mas
associated with him Mr. CornelAs Waltord.
Both of these names are well aHq wldely
known in the insurance world. Mr: Homans
comes of what we may call good 'Insurance
stock" Smith Homans End sheppara H4maIS is
the United States, and Harry 8. Homans, during
aresjdence of some sixteen years In San Fran
ri buiIt up q lite insurance business OF
million and half of dollars year; Els as
sociate Mr.. Walford,' has devoted his me 70
the same calling. and what the TWAIN ao not
Know about the business In Wnlcn tney aIe Gu
gagged. to use an Americanism, is not worth
Eowing. The following admirable letter has
beed called forth by little national boastlng
ON the part OF a so-called insurance "organ ol
asmG1n your issue of the llth instant, OBJ
serve remark under your 'Ncuces W Ooiie'-
pondents,' as follows:
& vThe fact of the matter is that there are no
life ofIces in the world that can approach tne
English and Scottish offices In point OF secu-
NJ Sscrhe character of your journal Is guaran-
tee that what there appears edltorlahy Is VIII.
ten in good faith; yet venture to tMnk tnat
the observation quoted was maue "i'uo"' ""e
tSarcnmstances have induced me recently to
nav especial attention to the American LIE IN
sorance offices, and, as the result, am pre-
pared to maintain against All assanan's 'ne
; following propositions: ,,,,o of
/. That as large proportion OF the whole OF
the American life offices are thoroughly
sonnd and solvent Eas Of the English and SCOT
tish life offices. nc, oc
fees are as liberal to the insured, as sound IN n
principle and as honest IN pracClce Us tnose VI
the English and Scottish Offices.
8. That the management of the American
offices is as careful, as able, as scientnc, as
economical. and as successful as tnaC Of Ine
EnplIsh and Scottish offices.
a. That some of the greatest improvements ~
In the practice Of Life Insurance lnclaent 70
modern times have originated Win tne Aleli- II
can Offices, and are now being adopted oy
~ have been careful tospeak Of equality
oply. n apy discussion arises by the acGeptr
ance Of this challenge, reserve to myself tne
right of showing that there are some @ aoSa1, SiaS
ths Enellsh and Scottish offices cannot wen
reach. The high rate Of Interest whlch can anu ue
reaiIzef1 on perfectly good securities IN Amerl-
ca is one of the keys to such advantages. :
nI do not wish to approach tnis supJecI NJ ~
aay marty spirit, or under false coiofs. Ine
iNS ,nsurances effected in the present genera
tion are for the benefit of widows ana orpnaus
in the next. Full knowledge upon all tne
questions here discussed is for the benens mt 9i
mankind. The English offices have long trad-
ed I'M fis,America, and have been extensively
parronized. In the meantime the American
offices have been growing. They are now lmsny ma
of them wealthy and solid institutions: Iney
oro coming tn seek their fortunes IN europe.
This step cannot be long stayeaiMtnssy 10 sso aie
here. I have accepted the posltlon 9i asso. So,
ciate manager of one Of them. enclose lol
yonr own Information copy OF the certlncate
0fthe Hon. william Barnes Ia man wen KNOWN
and deservedly respected here) as TO tine posi-
tion of that company. have become one OF
its Champions In Europe. ask but falr nSnt-
inc. and no favor 1t is in this spirit now
~ stBelleve me. yours most truly,
q "CoRNELIUs WALFoRD.
ttNew York Life Insurance Company, NOS; !,
rs and n, Cheapside, E. c., 10th March, ls'o."
The company represented in London by
Massrs. Hopnans and Walford shows record
of nrosuerity without q parallel in the hnanciai
world. Extensive and udicious advertising,
with sapacIous and honest management, are
the secrets of its wonderful success. we, @oo
know this company well in Its "day OF small
thiigs,n can hardly believe the ngures II now
ANNUALLY reports to the public. we quote the
following as an "eye-opener"
Received for Received for Paid d,1o for