The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1871-01-13
THE LIFE ASSOCIATION OF AMERICA.

The success with which this associa-
ton has met is truly marvellous. 1t is
only two years and half old, yet it
ranks foremost among the insurance
companies in America. During the
year 1869 it increased its capital over
twenty-one millions of dollars, which
was larger income than was enjoyed
by any company in existence. When it
is remembered how short a time this
corporation has had in which to thus
outstrip the the oldest and most sue
cessful compinies the east, and when it is
remembered also that this is q western
company, that its officers are west
ern men, and that the wonderful
amount of business it has transacted
within so short a time, has been entire
ly confined to the south and west, the
facts of its rapid growth and prosperi-
ty seem truly anomalous, if not some
what incredible. But careful study
of the plan and principles upon which
this company is founded will clearly
explain the anomaly. Heretofore in
surance companies have drawn from
the localities where they have conduct
ed their business thousands upon thou
sands of dollars without ever returning
a dollar, except trifiing amounts paid
to the heirs of policy holders upon their
decease. Bnt it is a distinctive feature
with this company to offer to the policy
holder, at low rate of interest, the
loan of as much capital as he can give
good real-estate security for, and the re-
suit is that in every locality where insur-
ance is taken by this company, there
the company's money is loaned. Thus
the business man has offered to him ia
| cilities he did not before possess for
obtaining capital wherewith to enlarge
and successfully carry on his business,
| and the farmer for obtaining means
wherewith to properly improve his
farm. 1t is probably to this feature of
local investments, connected with the
fact that it is founded upon a sound f.
nancial basis, this Insurance Associa-
tion.is indebted, for the most part, for its
rapid growth and prosperity. The Life
Association of America has been doing
| a wonderful amount of business in the
last few months in this State. In this
locality the company has been especial
ly successful in conducting its business.
Mr.. Bigler the energetic and untiring
agent at this place has met with fatter-
ing success wherever he has operat ed.
He was at Cottonwood Falls last week,
and though the people assured him at
the start that he would not get dollar
of insurance, that the town was dull
and money tight, he took fourteen thou
sand dollars worth before leaving. He
has taken over 100000 worth in this
locality, since the Goth of Octo Der last.
Fort SCOTT, PARK Cry AND SANTA
FE r. R.-Pursuant to appointment a
meeting of the Directors of the Fort
Scott, Park City and Santa Fe railroad
company was held at Eureka on the
9th inst, to elect officers and transact
other important business. The officers
elected for the ensuing year, are: Presi-
dent, d. NJ. Stuart; Vice President, j.
S. Redfield; Secretary, ID. A. Bright /;
Treasurer, Edwin Tucker. Books will
very soon be opened for subscription to
the capital stock of the company, at
Fort Scott, Humboldt, Eureka, Eldor-
ado, Park City, st. Louis, Cincinnati
and Pittsburgh. The President is now
en- route for St. Louis to to effect ar
rangements for a survey of the entire
route, and for putting under contract
that portion of the line between Fort
Scott and Humboldt early the coming
season. A mass meeting of the citizens
of Eureka was held in the evening of
the 9th, for a general discussion of
of railroad projects affecting the inter-
ests of Southern Kansas. The meet
ing was addressed by the President of
the E. s., p. G. e S. f. r. R., Col. Baker
Judge Akin, Capt. Shannon, Col. Reig-
er, Hon. E. Tucker and others, and by
the veteran pioneer of railroads, Capt.
A. d. Perry, of the Kansas stage COM
pany. A deep interest was elected in
railroad matters, and new impetus Civ
en- to the spirit of material progress in
this part of the great West.