Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-09-01

Insurance.
The Merchants Insurance Company,
organized in May, les, with a capital of
s 0,GO1. with 20 per cent, paid in, giving
$40, eco working capital, and the balance
secured subject to call, have declared 30
Ger cent. on the entire stock, giving them
| s7O.CC1 IS the result of less than three
wears bpginsss: 10000 Of this hiss been
put into a splendid Blown free stone
front building on Madison street, between
Main and front; central for business, and
arranged expire sly for offices with all the
modern conveniepceA, paying in rents
| rom e~iQhbtolsn per cent. on h invest
ment; leaving them 0,pG0 cssh for c2n-
t~iDgenciss or investment. Their Stock IS
worth 80 per cant
The Planters Insurance Company has
been alike successful. They have bsen in
operation since August, 1869; having q
capital Of $500, Oe0; $4,000 paid II the bsi-
ance secured. They have earned 10 per
Gems, on the entire capital, OF $4,000.
Their stock is worth 80 per cent.
The Peoples Insurance Company YVES
organized IN April, 1887, with q capital of
| $500. coo; $50, 900 paid in. They have de-
| cIared dividends 10 the amount ofG] pGr
cant, OF sls0, 600 This gives them q work.
ing capital Of $240, eco. their stock IL worth
so to S. per cent.
The fernando Insurance Company was
organized in 1896, sOout September, with
$3.50. 600, and only SIS OG9 paid in. Have
declared dividends, amounting to fifty per
| CONT, this gives them q working capital
of $50, 900, without any further calA. Ihslg
stock il worth 90 to Is per cent.
The Mississippi Valley hes been IN pro-
gress only one year. Organized in March,
1870, with a capital of 1900, 600; Se),0i ; paid
ia. They have declared a dividend on the
entire stock of Eve per cent, giving them
q working capital this year of 10000.
Their stock is worth % to 30 per cent.
1t will be seen from these brief state
ments, that the fire companies OF Mem
phis have been remarkably successful
considering the condition OF the country
and the state of finance during the past
few years,
There have been four other companies
organized here this year, 1871. The Phe-
nix, in February, with a capital OF $780,
900: $50 600 called in. The Bluff City In
sursBce Company, in March, with a capt.
tai of $500, 900, with a call OF ten per cent.
The CITY Fire aud General, April, with 8
capital OF 500, 600, no call yet; just orgs-
nizsd, and the Home Insurance Company,
capital $2e0, 600.
Il will be seen from the numberof local
companies, thai they design to attend TO
the home demands and secure the capital
OF the country whore it is needed for bust
ness.
Besidesths above mentioned companies,
there are two life companies. The South
ern Life, and the Carolina Life Of Mem
phis, both 81 which have been successful
since their organisation, as a few facts will
show - h
The Southern Life Insurance Company
was organized in 1885, with a capital OF
sol, 900; 10 per cent. paid in increased at
berWard to S250,0e0; all paid up. Div
deuds the first wear were on the D6r cent
sge plan; at the end Of the third year there
were 40 per cent. paid. The company ia
now ali cash; dividends declared at the
end Of each year. Their policies paid, on
an average. Is per cent. Their capital and
accommodations, on the ist January, 1871,
were SL,O37, los 90. Number Of policies is
sued during the year, BOSS; insuring $40
$50 9J9. 90. Premiums received, $7e4 l46 90.
Interest receipts, S3I,Q0ae0. Making total
receipts Sel5, 226 90 99tal liabilities, sx
elusive OF capital, $3.50, 1880. A mo-
ment5s consideration Will show ~thesuccess
of this company.
THE Carolina Life commenced business
in July, 1857, Withs capital OF $780, 600,
now all paid Ia and secured. The num-
Der OF policies issued 1854; iasuring Sl6.-
1913 eco. Premium receiptsi $3.50, I6S So.
Liabilities, S7o,SSs S. fotal assets, vi
O58 7O8 96. at the beginning Of the year.
The amount Of business done within the
short period Of time since organized, has
not been surpassed by many older comps-
niss.
General Statistics Of oar City.
The erowth Of thscty during the past
year has been such as % realize the expec-
tations Of the mOsbsanguiDe. This Is obs
serysbls b0th IN the increase Of building
] and Of population. both Of which have
gone en- steadily, ind~icating-not q EpgR-