Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-03-12
BUT,
What Company hall I
Choose 2

"WENTY-FlVE YEARS AGO, LIFE
ics now equal %n two tSou ssss miiIsan
l. or dollars, made very slow progrpss,
superstition, aud distrust. A very lew &c
who, II WIS reported with wonder By the
gosstps,. had got their lives INSURED but
generally, the public could not see how the
fMiiy stood aiooS. But America Is disooS-
eresl, and Columhus requires no defender.
Locomotives and STEAMBOATS, arc running,
SON and And Tulton and Mor.s need NO eertiii-
cate Of good intellectual character now.
Life Insurance. has also proved itself. and
all written or spoken euiogy OF y IL BE-
coming more and more like fnrthtng
light, held up to show the sun. Ten or
twenty years hence, the uninsured man
will DO the exception. When a man dies,
er he left any life insurance, but how much
did he leave: and the man who then neg
lects or refuses to insure his life Will be
Thought without excuse, and charity alone
reproach when he Is gone.
The slow progress or Life Insurance for
many'years was doubtless partly owing 70
the idea Of forfeiture. 80 lately Us isoO,
any failure to pay renewal prcmium for
ieited the whole but IN that year the New
York Idfe met the difficultyi by boldly
IKE nsr p s "a pah
wholly paid In froin two 10 ten years, Alter
wards requiring no farther payment, Put
come while living. The effect OF this I'm !.
provement was most decided; IL lInsproved
the most impprtant and popular new fea-
said In It's praise further than THAT every
other company without exemption, thon or
since established, has been compelled to
Yfet,whiic quick 10 discover ana spply
anything really an Improvements, the New
York Life has always leaned strongly to-
wards conservatism and caution: u does
con n tenance ANY OF the resent inventions
styled improved plans, which are either
worthless or else are only old ones called
af,ou at the assets OF the New York every
dollar is solidly Invested, No pfhcer or
trustee Is allowed 70 use its funds; no loans
ON personal security are made and oil m
estments and transactions are IN the name
OF the Corporation. Prior to each monthly
Board meeting, the Finance Committee
with whose consent also nil loans and In
sets 10 a most skilful and searching exam
nation, and report 10 the full Board, with
suggestions from time to time. Nothing Is
taken for granted; all the bonds aud other
representatives of value arc actual soon
aud handled by this COMMITTEES monthly
Ms well as the entries of them checked on
the hooks. Besides those various safo-
guards, there Ia a final one In the cireum'
nnniiy to the Insurance Department
which specifies In detail all receipts, DIS.
burse,nens liabilities items Of assets !. and
etc, all OF this information being officiaiiy
published. NiLA ~ ftn l-E. -
During its career, the New York ha,
commercial crises and the recent war
With the insurance questions arising rom
the war, II dealt literally and fairly. Dur
ing the twenty -livo yeafS--a long period, ~
We now reckon events-mnny corporation,
/ have arisen and fallen, and many hlancin
bubbles have burst; and now, especially
since one Of the dangers 81 i ad ~ ,ne
certaintics in Life Insurance, the mana
gers of the New York ARE loss than ovel
disposed 70 leave the straight line o
safety.
/ In The year 1888. the Company purchased
the marble building, IL and ~ Broadway
1 formerly occupied ms Wholesale siil
| CO.. This purchase was loo lxed upon ms quit
j a bold step In advance, the buliding being
very coniinodious and elegant for thai
bscoine mors and more Inadequate for th'
I growth of tho bust nesst and In 1857 The com
pany purchased, for si75,Ooo, the piece o
ground at the corner OF broaslwsy and
Leonard street, Tor which On advance %
sI5In1O was refused within thirty day,
! thereafter. About the same time, the OLD
building WINS disposed OF at AN advance %
nearly o100.0Co upon the original cost: Up
on the new site " magnificent marble edi
fice has been erected, at q cost Of about 81 /,
lOOO,0 yet, large M this amount socms, d
Is expected thai the income from the oihe
portions of tho building will enable th'
Company 10 occupy its own connection
offices rent free.
All this success In the past, and all th'
lcheorlng prospects for the future, owe moth
ing ia tho aid OF stock capital. The New
York Life Is for It's members only. The en-
tire assets. and the new building. belOnl
exclusively Ia the policy holders, wh'
alone AFRO the Company. Early In 1870, tn
Company will lie able 10 celebrate It's quar-
ter-ecntenary in the now offices; hui SHOULD
The astonishing growth OF the past tei
may become inadequate before the semi
lcenlennial.
Iis guided by the dictates Of reason. FIX
lamine and bs CONVINCED. Do not 20 else
where, bat get your policies Of
q. ~. JONES, Agent,
NV York Life Insurance Company.