Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-02-05
MS IOi .H19Ai aJ "a .V Jsi Jig q
What. Company Shall /
go laaonoa Choose /? 81 'sgra
Insurance, whose policies IN Amer
UQEica now equal two Thousand million
~ of dnllnrs nj ahla vary sln,v Drnnrass


'"WESTY-FIVE5 YEARS AGO, LIFE
NV Insurance, whose policies IN Amer
uuEica now equal tw o Thousand million
81 s very sow RrSEtes
sapsrsttian ard distrgst 4 xery iey e.
who, II was reported with wonder BIZ the
gossip, had got their lives insured but,
generally, the public could noises how the
RSs stoo spqS a ana i siT sss1
cred, and Columbus requires no defender.
Locomotives and steamboats, are running,
and the telcgraphic lever clicks; stephens
son and Fulton and, Morse need no certif-'
Life Insurance has also proved itself, and
all written or spoken eulogy OF II is be-
coming more and more, like fartiIing
twenty aa wye Years hence, the psiSsared NAH
will be the exception. When O man dies,
tho question asked win not thenbe wheth-
er he left any life insvrance. 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 charityialone
will be able to save hisname from deserved
reproach when he Is gone. .fli
The slow progress of Life Insurance for
many years was doubtless partly owing to
the idea of forfeiture. SO, lately. as 1860,
feited the whole; hut In that year the New
York Life met the difficulty by boldly
adopting the new principle OF non-forfcit-
By this step in advance, a policy may he
wholly paid in from two to ten years, alter
wards requiring no further, payment, but
on the contrary yielding the owner an iii-
come while living. The effect of this Inn
provement was most decided; 1t has proved
the most important and popular new fea-
said said in its praise further than that every
other company without exception, then or
since established, has been compelled to
HYfst,whiie quick to discover ana apply
anyth really an Improvement, the New
York Life has always leaned strongly to-
wards conservatism and caution. u does
not offer Cheap Insurance, and does not
countenance any of the recentinventions
styled improved plans, which are either
worthless or else are only old ones called
by now names. There il nothing doubtful
about the assets of tho, New York every
dollar is solidly invested. No officer or
trustee is allowed 10 uscits funds; no loaus
vestments and transactions are IN the name
board meeting, the Finance LommitteeE
yestments must be- made--subject the as
sets to u most slxilful ami searching exam
nation, and report to the full board, with
suggestions from time TO Time. Nothing Is
taken for granted; all the bonds and other
representatives of value are actually seen
and handled by this Committee monthly,
Is well as the sntriss OF them checked on
guards, there is q Anal one in the circum-
stantial report made by the Company an
nuaily to the Insurance department,
bursements, liabilities, Items of assets and
lioans, particulars of new business done,
etc, all Of this Information being officiaily
During its career, the New York has
passed undisturbed' through two severe
commercial crises and the recent war.
The war, II dealt literally and fairly bur
ing the twenty 1--WE years-a long period, as
we now reckon eyents-many CORPORATIONS
have arisen and fallen, and many FINANCIAL
bubbles have burst; ana now, especinlly
since one OF the dangers of to-day isthe
tendency to try, experiments ana dare un-
certainties In Life Insuranee, the mana
gers of the New York are less than ever
disposed to leave the straight line OF
safety. ~ FA.I nuY lgnM ,lll,
warehouse by Mcssrs. Bowen, McNamee q
\ co. This purchase was looked upon asQuite
very conimodious and elegant for that
i time. But during the last fiye years Il has
| become more and moro inadequate Tor the
gr ,ny pSrc s for si7S o5o The piece OF
n ground at the corner OF Broadway anu
Leonard street, for which an advance OF
II Si5O,ODO was refused within thirty days
thereafter. About the same tune, the old
lbuiitfng was disposed OF at AN advance of
nearly 100000 upon the original cost; up-
on the new site q magnificent marble edi-
Il Ace las been erected, al cost OF abo ut 81
OOO,O00 yet, large as this amount seems, II
II Is expected that the Income from the other
portions oi tho building will enable the
Company 10 occupy rs own cominodiotis
n Offices rent freq. lIl Ut l.IHiN
I All this success in the past, and all the
cheering prospects for the future,owe notl-
ing 10 the aid OF stock capital, Tho New
York Life Il for its members only. The ell
tire assets, and the new hal M, belopg
exclusively to tho policy hoihers: VINO mo
1 nlono arc the Company. Early IN losu, the
j Company viii be able 10 celebrate It's quar-
Precautionary In the new o1ilcas: hut should
the astonishing growth OF the pin'i ten
may become inadequate before hesenai-
centennial.
BE guided by the dictates of reason. lEx-
s,niue and DO convinced, Do not 20 elso-
where, but get your pDiicies 81 u -'.f
1Hi ellHI ca. SON IN. Agents.
New York Life Iusluspre Company.