The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1871-04-05
TEP.HS--IN ADVANCE
Piedmont and Arlington Life Insurance
y Rompany, Richmond, Virginia.

This company being the first South
crn corporation to crtcr the Eastern i
PORTALS Of insurance has naturally at
traetcd our attention ia locating n
general agency for Penns ylvanio, Mt
Philadelphia. 1t is also about to
knock at the doors of the New York
and Massachusetts departments.
through which it can have no Difficult
ty in passing, SO far as it's ch a,acter
for honesty OF purpose and condition
for soundncss and reliability are cons
cesned. lu fact, the uncxamplced
prosperity of the Piedmont aud
Arlington, from its youth and quiet
workings, must cause astDuisnment in
the minds VI those who have hitherto
thought there was no insu,nncc vial.
ity i'll the South. Our doctrine, so
frequently preached, that all scctious
should stand by their own solvent
companies first, in preference to for.
clgn ones, is fully cxcmpltlich b, this
company, and We arc glad to note the
fact as reminder to other localities.
for it is recognized prirciple in
business that, to be successful abroad,
character and confidence should first
DC obtained at home. This company
has attained said position OF emincnce
as 1T comes Eastward with the re
markable growth Of double the busi-
ness OF other companies Of four years
old, 10th in number Of policies and
amount Of risks. 1t has issued b.
800 policies, aud its annual income is
$l,500,000.
The ratio Of expense to income is
1888, less than half tho average ex-
pcns' of some thirty companies of
Same age, or 100 per cent. less.
lnrcgard to mortulitv,thc losses have
becnssix per cent. less in number as
to average losses of other companies
this, too, in. face Of the fact of 500.
600 from accidents by falling in Of
the capital at Richmond, and other
special accidents.
The company is now upon the all
cash plan, which it adopted some
months since.
Over $200,0oO Of expenses are
charged off for accidental losses, re
tired capital, (33 3,933,) aud special
expenditures which cannot exist again.
There Is divisab bic surplus Of thir.
teen per cent. larger than the di,iSu-
Bile surplus of most companies. The
dividends arc now to be decreased in
order to reach and attain u four pcr
cent. basis RS soon as possible, and a
larger surplus in the future.
AS to strength, the "Piedmont and
Arlington" has Sl.24 assets to 81 Of
liabilities as applied to policy holders
or S,l.ll to stockholders, an average
of ten per cent. more than tho rcla
two number of other companies.
The total outgo to total income is
htty-hve per cent, an average Of ten
to fifteen per cent less than many lead
ing companies.
E The annual statement of this COM
pany for 1870 is hcfo,o us, yot We
have written from q more thorough
and detailed investigation of the
oompany's affairs than SET forth there
in. We desire to know whether any
Southern life Insurance company
could be recommended by us to the
public, and as this company has had
tho courage to bc tho pioneer in the
and rrejndicc," we are free to say
that when others from that section
Como in the same condition as the
"Ficdmont and Arlington they shall
have our conntrnancc, because thew
merit not only it, but that of the
public.
The early staunch condition Of this
company portrays the fact that tho
President, W. 9. Car,ington, Vice.
President, Joh" M. Edward, Sacre,a
ry, Daniel d. ljnrtsook, Actuury,
Prof Edward b. %mi,h, aud Cashier,
IS. =. llattsonk, are nll thorough,
skilled IN the science Of life in ,u,nncc
and we may add that the directors
comprise prominent and esteemed
citizens OF Richmond, several of
whom are most iavorably known far
and vide.
This company has passed tho in.
.spect'on OF the Insurance Depart.
ments Of Missouri, California and
Kentucky, and has deposit Of Sl0O,.
600 with the proper authorities at
Richmond. twill not fail therefore
to be admitted, upon application, into
New York and Massachusetts.
riIo concludc, as the company is
progressive, prosperous and prompt,
ats expen ses and loss,s small. its in
yes'ments secure, its reserve annie.
Its surplus good, and lis management
conservative aud skillful, We highly
recommend tho "Picdmonnt and AZ.
hngton," of Virginia, as deserving