Evening star. [volume] (Washington, D.C.) 1854-1972, 1871-12-02
NJ A c A r d

In The SE.day H.,old q Der nth there appears
s6 sr.lSs sSnsS ~ susgor.1s e ,. Ten
~ executive oifesr q certain Life Insurance
was not end neil her Is thi. written BIZ either an Of
fGer Of sEtn, Of tha, 9, any o.h.; Life Company
clear before, that the exhibit Was inserted as an
10 the interest Of some company that
Il direct attack he now makes on single G m-
pany, ii is clear to my mind that the whole thing
Do NIL pfopo;e 70 reply to any q his charges or
jnsn nations Against the company indie sred: Il has
necessity for doing But may be permitted to say
this much: Thai the execute ocer he refers to is
y high toned chr istisn gentleman, whose know ledge
Of, A. long experience IN, the insurance business
the fIontIsnk u Life Underwriters and Managers in
;. Hs vi hardly be annoyed by the swapping Of
repeat sgniu that there il not a company in the
LET given as ha' ing deficiency but that is yent
inSItanee pePsr mens certify ths, they are sound
istamewhst better thsn the criticisms Of ~
And the efoe,s oss eorgasy hs ,epIsssnts ,rin also
on have orScr ,aio 81 asstfsto iissiities than the
eoinIapy he names as having q surplus.
is liability uqtl after the aboS have en pro
WE Life Company is Organised and Il has com
a with the requirements of state laws by the de-
Lands y the proper governmental officer, il is then
rendy TO commence business, but NUT frat have
hooks, manual tablcs Of rates proper blanks, &c,
&c. the furnishing Of which must come out of the
capital; and theref re the rsry DAY an insurance
company commences business. il does Q under an
Impaired capital, because capital has advanced to
the company the required amount to buy necessary
supplies with which 10 do business. suppose q com
Ian, organized as above, had written one picy OF
sl0lGt, when the insured suddenly dies, and the
company concludes to discontinue business, must
not he death claim of 8 IL 600 he first paid dollar
for dollar? Most certainly; and after that, there
being no fcrther liability for death claims rein
surance, the balance is divided pro among the
st9cf holders Therefore, capital stock is not a liza
bilty so far rs the policy holder is concerned.
lated first he net cost OF insurance; second, the
serve and the loading for expenses; and out of the
loading and profile made from the business there
must be paid back the ADJ made to supply facil
tiles to do business, precisely merchant opening
store would pay out Of his capital and charge 10
expenses the necessary cost OF putting up shelves
and counters pr occurring safes, proper books for
counts, &c, &c, and which advance must be paid
back TO capital out OF the profits OF the concern.
In the commencement Of any business there Is O
larger ratio OF expense than after the has be
come established. This will maintain, not only in
Insurance, but in manufacturing, mercantile, pro-
fessiODal or any other pursuit
Persons desiring insuEsnce-and everybody
ofoiairsporf By calling at the offices Of any Of the
on the ''exhibifr Of "r r. :" unless indeed they
desire to rely on an "sxhibt'' of q person ignor
ance, IL so, IF. b. W Ill fill the bill to dot.
1T o. I'M