The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1871-03-29
Piedmont and Arlington Life
Insurance Company, Rich
mond, Virginia.

Insurance Company, Rich
mond, Virginia.
This company being the first
Southern corporation to enter the
Eastern portals Of insurance has
naturally attracted our attention
in locating . general agency for
Pennsylvania, at Philadelphia. 1t
also about to knock as the doors
Of the New York and Massachu-
setts departments, through which
it can have no difficulty in passing,
80 far as it's character for honesty
of purpose and condition for sound
ness and reliability are concerned.
In fact, the 'unexampled pros
perity of the Piedmont and Ar
iington, from its youth and quiet
workings, must cause astonish-
ment in the minds ofthose who
have hitherto thought there was
30 insurance vitality in the South
Our doctrine, so frequently preach
ed, that all sections should stand
by their own solvent companies
first, in preference to foreign ones,
Is fully exemplifed by this COM
pany, and we are glad to note the
fact rs rcmindcr to other local.
tics, for it is a recognized princi-
pie in business that, to be success
full abroad, character and conf
dence should first be obtained at
home. This company has attain
cd said position Of eminepce, as it
comes Eastward with the remark
able growth of double the business
of other companies offour years
old, both in number of policies and
amount or risks. 1t has issued
over 1880 policies, and its annual
income is 81 100000.
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 morality, the losses
have been six per cent. less in
number as. to average losses Of
other companies this, too, in face
ofthe fact of 100000 from acci-
slents 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
somc months since.
Over 100000 Of expenses are
charged off for accidental losses,
retired capital, (s33,932,) and
special expenditures which cannot
exist again.
There is divisable surplus Of
thirteen per cent. larger than the
divlsable surplus of most compa-
MES. The dividends are now to
be decreased in order to reach
and attain four per cent. basis
as soon as possible, and larger
surplus in the future.
As to strength, the "Peidmont
and Arlington" has s1.24 assets to
81 of liabilities as applied to pol
icy holders, or $l.14 to steckhold-
ers, an average of ten per cent.
more than the relative number Of
other companies.
The total outgo to total income
is titty-6ve per cent, and average
OF ten to fifteen per cent. less
than many leading companies.
The annual statement of this
company for 1870 is before US, yet
we have written from a more
thorough and detailed investiga-
ton 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 public, and as this
company has had the courage
10 be the pioneer in the move
mcnt to the Glands ofcriticism and
prejudice" we are free 10 say that
when others from that section
come in the same condition as the
;'piedmont and Arlington they
shall have our countenance, be-
cause they merit not only it, but
that of the public.
The early staunch condition Of
shis company portrays the fact
that the President, W. c. Car
sington. Vice President. John f.
Edwards, Secretary, Daniel J.
Hartsook, Actuary, Prot. Edward
B. Smith, and Cashier, B. q. Hart
sook, are all thoroughly skilled in
the science Of life insurance, and
we may add that the directors
comprise prominent and esteemed
citizens Of Richmond, several of
whom are most favorably known
far and wide.
This company has passed the
inspection Of the Insurance De-
partments Of Missouri, California
and Kentucky, and has a deposit,
Of 100000 with the proper au-
,s:oritics 1T Richmond. 1t will
not fail, therefore, 20 be admitted,
apon application, INTO New York
and Massachusetts.
TO conclude: as the company is
progressive, erous and
prompt, its expenses and losses
small, its investments secure, its