The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-03-18
Piedmont and Arlington Lifo Inaurance
Company. Richmond, Virginia.

our attention in locating general agen.
cy for Pennsylvania, at Philadelphia
It is also about to knock at the doors OF
tho New York and Massachusetts de-
partments, through which it can have
no difficulty III passing, 30 far as its cha
racter for honesty Of purpose and con-
dition for soundness and reliability are
concerned. In fact, the unexampled
prosperity of the Piedmont and Airing
tor, from it's youth and quiet workings,
must cause astonishment in the minds
of those who have hitherto thought
there was no insurance vitality in the
South. Our doctrine. so frequently
preached, that all sections should stand
by their own solvent companies first, in
preference to foreign ones, is fully ex-
emplified by this company, and we are
glad to note the fact as O reminder to
other localities, for it is recogniz, d
principle in business that, to be success.
full abroad, character and confidence
should 6rst be obtained at home. This
company hos attained said position of
eminence, as it comes Eastward with
the remarkable growth of double the
business of other companies of four
years old, both in number of policies
and amount oi risks. 1t has issued over
1900 policies, and it's annual income is
81, 500, 600
The ratio OF expense to income is
1888, less than half the average expense
of some thirty companies of same age,
or 100 per cent. less.
In regard to mortality, the losses have
been six per cent. less in number as to
average losses of other companies; this,
too, in face of the fact of 100000 from
accidents by falling in of the capitol
at Richmond, and other special acci-
dents
The company is now upon the all
cash plan, which it adopted some months
since.
Over 5000, 900 of expenses are charged
off for accidental losses, retired capital.
t$33, ,932, and special expenditures which
cannot exist again.
There is divisnble surplus of thirteen
per cent. larger than the divisable sur
plus of most companies. The dividends
are now to be decreased in order1o reach
and attain four per cent. basis as soon
! as possible, and o lnrger surplus in the
future.
| AS to strength, the ''Piedmont and
Arlington" has Sl.24 assets to ST. of
liabilities rs applied to policy holders, or
81. IA to stockholders. an average of ten
per cent. more than the relative number
of other companies.
The total outgo to total income is fifty
five per cent, an average of ten to fifteen
per cent. less than many leading compa-
MES.
The annual statement of this company
for 1870 is before us, yet we have written
from more thorough and detailed in
vestigation of the company's affairs than
set forth therein. We desired to know
whether any Southern life company
could be recommended by us to the pub
lie, and as this company has had the
courage to be the pioneer in the movt-
ment to the Glands of criticism and pre-
judice," we are free to say that whe n
| others from that section come in the
same condition as the "Pie du O 1t and
Arlington" they shall have our count, :
nance, because they merit not only it,
but that of the public.
The early staunch condition of this
company portrays the fact that the Pre-
sidcnt, w. G. Curringtop, Vice -Presi-
dent, John e. Edwards, Secretary, Dan
iel J. Hartsook, Actuary, Prof. Edward
B. Smith, and Cashier, B. G. Hartsook,
are all thoroughly skilled in the science
Of life insurance, and we may add hat
the directors comprise prominent and
esteemed citizens of Richmond, several
of whom are most favorably known far
and wide.
This company has passed tho inspec
ton of the Insurance Departments Of
Missouri, California and Kentucky, and
has deposit of 100000 with the pro-
per authorities ut Richmond. It will not
fail, therefore. to be admitted, upon az
plication, into New York and Massnchu-
setts.
To conclude, rs the company is pro-
gressive, prosperous and prompt, its e: :
penses and losses small, its Investments
secure. its reserve ample, its surplus
good, and it's management conservative
and skillful, we highly recommend the
Piedmont and Arlington" of Vlrginir,
as deserving the patronage of insurers.
The General Agent in Philadelphia is J.
81. Baird, Esq, Office No. ITO South
Third street, from whom fuller particu-
lars may be obtained if desired.
Philadelphia Unticr,rritcr.
W. f. NJ. Williams has been appointed
Auditor of this County We cannot