The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-06-27

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a HIah COMPREHENSIVE Charleston
iNsps. OF the oath, contains the following
complimentary, notice of the}s"PoliSy-
holders Life and Tontine Association OF
The South" Isais just tribute 70 3
prqperly-mansged institution: 4:
'sesEhe New York Ulderiorttet: ana Ge.
neral Joint Stock Register, for May, has
been laid on our desk. Among its items
Of interest to the life insuri0g public,
we notice the annual report OF tho Pro.
.sident OF the POLICY Holders Life and
Iontine Assurance Company of the
South. Tie publication OF this report
by that journal was, we learn, entirely
voluntary, and, therefore, it is oompE-.
ment which should be-, and no doubt Is,
highly appreciated BY the offioers and
trustees Of the company. because, az it
may fairly be assumed, the plans and
practice Of the company, as detailed in
shs report; meet s.ao .iFScya! ct i. cd;-
tors; and approval from such recognized
authority in. life insurance circles is no
small con,mendation.
"It has been too much the practice Of
Northern insurance journals to decry
any and every effort to establish South
ern life companies, but the Under,critor,
OF New York. has, by this publication,
given evidence OF having risen above
such petty prejudice, aud Of its desire
to give publicity to such principles aud
practice in life assurance as meet its np-
proval, whether found Sonih or North of
| Mason and Dixon line. We are pleased
to SEQ this implied recognition Of the
merits OF this young company, not only
because We believe the company entitled
to it, but because we believe it will give
confidence to timid people, some OF
whom may be found IL every communi-
IT,. who may have withheld support from
the company until now, instead of aiding
its earliest efforts ut establishment.
''The support OF this company will, in
o measure, supply want which has pre-
vented more speedy reouperation in all
the departments of industry, to wit:
Capital. Gould the aggregate amount of
life Insurance premiums sent out of the
State since the war have been retained
for Investment in it, we feel assured the
sum would. be moro than the aggregate
Of the banking capital now employed in
it, Commept is unnecessary. We have
nothingt to say against the agencies that
suppliaa q 'wantw could not supply. but
I ~ NhFS NONhA SklSI luS hSouElu& !ptDIC
o home 6ompany, entitled to their conf.
denqe, let assurante by every motive Of
Am0r Patrio, give tho Policy Holders
Company the support it deserves.
!
| BRIGHTER PROSPECTS. no time
since the termination OF the war between
the States have the prospects OF tho fu.
ture appeared more promising for our
people than ut this time. The feverish
excitement consequent upon the over
throw OF our labor system and the de.
struction OF property values, which bred
II rashness of risking everything to re-
triove, have given place to calm and cal
culating plans. Many nen who left
their plantations for cities, to embark in
commercial ventures, have returned to
their first love. Many planters, who
have beon overcroppiug for tho past
years, depending upon luck for success,
have, this season, wisely laid their plans
according to their mems. From every
portion of our State the gratifying in
formation reaches us that an abundant
corn and provision crop will be made.
Tie frnit crop is II bonntiful one, and
will bring a largo sum of money into the
State. Cotton, it is true, is backward
and looks poor. and the area planted in
Georgla fully nftccn per cent. less than
that of last year. But it is too early to
predict failure to any extcnt Of that
crop. The prices ruling now haye given
planters renewed hope and energy, anl
the prospect is very good for the next
season opening at eighteen to twenty
cents. Tie smaller crop will then bring
larger total sum than tho large crop Of
last season. In addition to the reasons
given above, as to the prospects ahead
OF lis, is the fact, as We learn from the
cotton factors in onr city, that planters,
ms class, have not asked for half the
amount Of advances this season that they
required last year; they have managed
with less than half they bought in 1870,
and that half Las been purchased at
fully third less rate than pni,l last year.
With nm abundance Of home raised pro
visions, comparatively small advances to
liquidate, and the prospect of getting II
fair price for their cotton, they have
cause to look forward with hope Of better
days. augusta Constiiuionalis,.
SUDDEN DEATH. Mr.. Francis J. AE-
bott, Of tho we'll known firm OF Spencer
& Abbott, died very suddenly in his
store last afternoon. Ho had severe
n iuc II, tha =, a; ;r}, - ~.