The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-05-17

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:, plientions i aSsss,;; FL n
Ssas KS ExEoUT1vR DEPARTMENT 4
OFFICE OF CphdPTRoLhER- GENERAL,
CotuhfB1A. 8. O., May z, 1870.
This is to certify that the Southern
Life Insurance Company has this day
deposited in this Office sundry six per
cent. bonds of this State of the par value
of $50, 900. as by the ACT of Assembly,
ratified December %, 1869, entitled Gan
Act to better protect holders of insur-
ance policies in this State" and in this
particular has complied with the laws of
this State on the subject of insurance;
and therefore I, j. l.. Neagle, Comp
troller- General Of the State of South
Carolina, for and in behalf of tho State
of South Carolina, and my successors in
Office, do hereby certify that have this
day received, as surety deposit, the
following bonds of the State of South
Carolina, Nos
In witness whereof, have hereunto
set my hand and seal, this seventh day
of May, A. D. 1870.
(Signed) J. l.. NEAGLE, H. s.
Comptroller General.
I, Francis l.. Cardozo, Secretary of
State of South Carolina. do hereby GER
tify that the above named J. l.. Neagle,
whose signature is hereunto attached, is
Comptroller General of this State, aud
that he did affix said signature in nv
presence.
Given under my hand and the
seal of the State, in Columbia,
seal. this seventh day of May, A. D.
1870, and in the ninety-fourth
year Of American Independence.
T. l.. CARDOZO,
Sacratorv of Sfofa
This is for the benefit of the Insurance
Times. Will it be so good rs to help
itself and "inwardly digest?"
To the citizens Of Savannah: visit your
city ms the representative of the "South-
ern Life Insurance Company" and ask
your attention to tho following card:
The INSCRIPTIONS attacks of certain
Northern journals, circulated by agents
of Northern companies, would seem to
justify this card from me- Their efforts
have been persistent and most cowardly!
Unable to resist, by honorable compo-
tition. the superior claims of this com
pany to Southern support, they have
with some honorable exceptions) pub
lished and circulated charges which have
again and again been shown to be whole
sale falsehoods.
These slanders I am here to refute;
do not doubt that the result will be as it
has been elsewhere. The patriotic citi-
zens of Savannah will not fail to dis
cover that these attacks nre directed at
this-the Pioneer Southern Company
because of its successful efforts to check
the drain of money from our section.
They will, as the people of other SEC
tlons are doing, cease to send money
North for Life Insurance, when it is
known that this aud other Southern
Companies retain their accumulations Mt
home-that the Southern Life offers as
great security AS any company on the
continent; TINT its commissions to agents
are less by 20 to so per cent. than is paid
by the leading Northern companies do
ing business in the South, and of conse-
Quence, therefore, it is moro economi-
cally managed; and that its business is
far greater thnn that of any other com
pany occupying the same territory.
Arc these facts? Let us see: assert,
and 1 defy successful contradiction that
the ratio of assets to liabilities, in most
Of tho leading Northern companies, does
not exceed $3.50 for every 500 of
liability, fow Of them reaching SO large
Il ratio, while that of the Southern Life
is nearly $500 for 500 of liabilities.
Every business man in tho city knows
that the ratio of assets to liabilities is
the true test of company's strength.
[ admit their strength; but if they are
able to pay, the Southern Life is quite as
able, and its Directory quite rs honest.
It has been represented to me that
some of the Northern companies. repre-
sented in Savannah, have circulated n
card, claiming to exhibit tho amount of
business done by certain companies in
1869. from which it appear that the
Southern Life did little or nothing. I
trust my information may be incorrect,
for can scarcely conceive of SO utter
disregard Of truM by any organization,
however envious and malignant The
truth is. that the Southern Life, in 1869,
issued nearly 5000 new policies, insur-
ing over $4,000, ,0OO-thc largest bust
ness, [ believe, done by any company
occupying the same territory.
In the face of these facts, shall not
be accused of using too strong language
when pronounce the representations of
these journals fuse efforts nscru-
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