The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1871-01-19
From the Edgefeld Advertiser.
General Agency Piedmont q Ar
1inoton Life Insurance Company

Assets to Sept. 1C'1S70,
A"""'' ''S''D' ''" A'" l,5oo,oOo,oo
No. of Policies issued to
18th Dec, 1870, l3,ZIl
Losses 6 Cents. in the $1OO of Amount
Insured.
No. Of Policies in South Caro-
lima about Z,ooU
Losses for 1870, (eight in
number) covering SIT ,VUO,UU
All losses due have been paid at or
beforeymaturity. ..
Dividends on all.Policies commence
the first year..
The amount of business done by this
Company inSouth Carolina, being equal
to that of nearly all Companies now
working here combined our aggregate
losses seem. large, while our Average
is less than one-half the experience OF
the best Companies ours being one in
every 312 insured, theirs being one
in every 15S.
While congratulating our friends upon
the unprecedented success and unpar-
allelled progress of their,favorite Com
pany, we beg leave to call their atten-
ton to one strong point in addition to
its general prosperity and we'll known
economy of management.
The tables of mortality on which tho
| average of human life is based, and on
which the cost of Life Insurance is cal
culated, takes into consideration deaths
from all causcs-natural, accidental and
violent. The rates of all life lnsu-
rance Companies are based upon these
tables, and there is no material differ
ence. in the cost of any regular Compa-
nies; for while stock Companies claim
to be cheaper, the Piedmont q Airing
ton has Stock Rates cheaper than the
Universal, for instance, Stock Com
pany; and pays, moreover, the losses on
all risks for which the policy-holder
pays the Company premiums, and is the
only Company working in this State
that does. Some you will perceive in
their policies, state, in substance, that
if the insured dies by duelling or in vi.
olation of the laws of these States, or
the Unitnd States, and others, of the
place where the death may happen, the
Policy is null and cold. Ii a policy
holdor is killed ia due, or in = ron
couutre in which he may violate law,
even though in defence of his own, or
the honor Of his family, he forfeits his
Policy. But, being insured in the
Piedmont 4 Arlington, II he dies from
any cause, except by the sentence of
law, his heirs will receive the amount
of the policy. Aud even if by sentence
of law, the money that has been re-
ccivcd by the Company is paid back to
the family of deceased Ifa party in
sures in the Piedmont & Arlington,
contemplating duel, and does not state
in his application, then it is fraud,
and policy so obtained would not be
paid. But lin no special danger at the
| time of Insurance, and the policy holder
is killed in either way, and even where a
competent Judicial tribunal decides
that he died in violation Of law, by &C.
quitting the party who killed him, the
Piedmont g. Arlington aoiU pay, and
others tell you in their policies that they
do not.
The Piedmont & Arlington, like all
mixed Life and Stock Companies, has
a "Cash Surrender Value" not defined,
because not having the gift of prophecy,
we can't toreteN the future, or the sdtue
ofpolicies in the time yet to come, yet
probably equal in amount to the definite
Cash Surrender Value of other Comr
panies. This, with the insurance against
death, even in violation Of laws, is GER
tainly preferable to "Defuite Cash Sur
render Values" in companies, declining
such risks, although paid for carrylns
them. all mutual Companies will
give on application, after SO many pay
ments, different, in different Compa'
uies. "Cash Surrender Value" In
our Company, and in all whose divi
dends are declared on the only equita'
bic plan, "the Contribution" by classes,
according to age, 1t depends on the Oalue
of the Policy and The class; aud not be-
ing able to foretell the future, we do not
profess to give definite amount. But
at the same time we assure our friends
that it is not and cannot be 80 per cent.
on the amount received, because Gen.
eral Agents Commission.
Medical Examiners fees, Policy fees,
Office Expenses, to say nothing of fund
received to meet early deaths, would be
over so per cent Of amount reserved
of the Policy holder. If we had not q
dollars stock, all profits would be diVi-
ded among the policy holders. AS it
is, per centage proportioned to the
amount of Capital Stock, is'given to
the stockholder in ours, and all other
mixed stock and mutual Companies,
for the use of. their capital, aud addi-
tional per ccntage to stockholders for
their services in managing.the finances,
in our Company OF nc: profits. We
are buying up and retiring stock as
fast as it comes into market, thus ren>
deriug our Company mutual. And we