Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-01-22
.Ju.,,ce,, an Itfe insurance.

that our suppoaitions and differences wer'
so many charges. The facts stated il
regard to particular case are not con
troverted. We give his communication
without inquiring particularly why b
comes TO The defense of the company
although he alludes frequently to thu
motives OF the article to which he replies
EDITOR LEDGER: An article appeared
in the local columns of your paper on
the 10Th Instant, headed mo Puff AT
Insurance Company that Don't Insure
Wounded Confederstes."
A sense Of justice prompts me to reply
to this most unwarrantable and unpro'
voked attack upon q company, in which
/ have no interest but that of policy
holder.
Though it is quite evident to any one
who will read the article attentively, that
it is the offspring of disappointed APP
plicant for insurance., piqued and irri-
tated at his rejection, it is none the less
calculated to ipjure the business of one
Of the best insurance companies 10
America. am satisfied that none other
could have written an article so unjust.
With the author, and his personal hos
Hlity to the company, have nothing to
do, my object being simply to contradic,
| the iBsinualions contained in said article,
| and ia some measure counteract it's irJu
rious effect upon the company referred
| to-The Equitable Life Assurance So
ciety of the United States-by present
ing facts instead of unsupported asser-
| tons.
The article in question alleges that the
company Disseminated against Grip
pied Confedsrstes," and that they "are
Influenced by political and sectional pre-.
judiee;" the assertion manifesting q
desire to excite the very sentiment with
which it charges the company.
| | can safely say that the allegation ia
not founded on fact. The company has
it's agents throughout the Soulh, con
stanty soliciting business, and have
been as successful as any company re-
presented in this section.
/ know OF many ex Confederstes who
now feel secure in the ownership of a
policy in this company-not few oil
whom have been disabled in the army.
| Your correspondent is, himself, an
exConfederate, to whom the description
of the disappointed applicant in the
article mentioned, perfectly applies,
even to the loss OF a leg, age, and other
particulars and, yet he holds policy
in this company for $4,000 The name
you can give 10 any one anxious 10
ascertain the truth. This fact alone,
unaided by the potent sbsurdity Of the
charge, appears to me sufficient to refute
| it.
Without answering in detail the unsup
ported statements in the article men
| toned, contend that, if true, they do
not warrant the charges therein made as
to sectional discrimination but on the
contrary, show degree of caution and
care on the part of the officers of the
Equitable that speaks volumes in praise
| of the management of the affairs of the
company. 1t proves conclusively tina,
none but unexceptionsble risks are &C
cepted; fact that shonld, and does,
strengthen the confidence Of those who
are 80 fortunate as to secure policy In
this company
1t evinces regard for the interest and
safety of those who insure with it, that
commends it to all thinking men.
1t is to this feature in the management
of the company, perhaps, more than Il
any other one of its many superiorities
that the company owes its unprecedented
success.
In examining the records of severa
companies prior to taking out my policy,
was struck with a fact most significant
in this connection, viz: That men Of
means, as a class, hold policies for larger
sums in this society, for the purpose oil
investment, than in any other company
and that the policies of the Equitable
average much larger in amount thar
those of any other institution of the kind
in America.
| Security and safety are the principal
objects desired in life insurance; ano
these objects are more certainly attained
by proper care and discrimination in thu
selection of risks, and by economy In the
conduct of the company, than by any
other means.
That this company combines, in al
eminent degree, these requisites, Is q FAC
we'll known to every one at all acquainted
with the workings of the different insu'
rance companies in Americas and toe
we'll established to be shaken by suct
publications as the one referred to.
The gentleman says: Two compe
tent physicians examined him carefully
and made very favorable, not to say
hattering, report"
That the applicant was rejected attel
such q report, shows that the company II
not satisfied with report of the examin
ing physicians alone, but that their care
fully prepared report is submitted to
board of medical directors at the homt
Office, where it is sesrchingly investigated
and passed upon in the light of the full
and elaborate answers to the exhaustive
interrogatories propounded by the locs
examiners, regard being always had to
the mortality in the character of cases
made out by the local examiner 8 report
This feature of the Equitable is spoken
of as its prominent characteristic, and Il
highly commended in well written aud
learned article on American Life In
surance,n BY q gentleman in no way con
nected with the company nor interested
in it. He says excessive care IS ex
ercised in regard to the character OF risks
assumed by the Equitable Society. Ev'
cry application undergoes thorough
and sitting examination before it is
passed. No less than nine persons must
separately approve it before it can 60
into the books as accepted. The vol
umes containing the list of applications
declined at the home ONCE, after being
accepted by accredited examining ply
,icians at other places, show couclusively
What great discrimination is exercised in
the selection of risks by the officers Of the
Equitable; and this goes far to explain
the fact that the mortality Of the Society
has been so favorable IS compared with
that of other companies.