Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1871-03-30
Piedmont and Arlington Life Insurance
Company, Richmond, Virginia.

This company being the first Southern co.po-
ration to enter tho Eastern portals Of Insurance
has naturally attracted our attention in locating
General Agency for Pennsylvania, at Phlla-
delphia. 1t is also about to knock at the doors
Of the New York and Massf chusetts depart
mentS, through which it can have no difficulty in
passing, 50 far as its character for honesty OF
purpose and condition for soundness and relia-
bility are concerned. In fact, the unexampled
prosperity Of the Piedmont and Arlington, from
its youth and quiet workings, must. cause aston
ishment in the minds of those who have hitherto
thought there was no insurance vitality IN the
South. Our doctrine, so frequently preached, tnat
all sections should stand by their own solvent
companies first, in preference to foreign ones, Is
fully exemplifed by tho company, and VIC are
glad to note the fact as reminder to other To-
calities, for it is recognized principle in busl-
ness that, to be successful abroad, character and
confidence should first be obtained at home. This
company has 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
Of risks. 1t has issued over 1880 policies, and
its annual income is S1,500,000.
The ratio of expense to income is 1888, less
than half the average expense OF some thirty
companies Of same age, or one hundred per cent.
less.
In regard to mortality, the losses have been
of other companies; this, too, in face of tho fact
of 100000 from accidents by falling in of the
Capitol at Richmond, and other special accidents.
The company is now upon the all cash plan,
which it adopted some months since.
Over 100000 of expenses are charged off for
accidental losses, retired capital ($33,932), and
Il ,k,,rn h.al v;oko
There is divisable surplus of thirteen per cert.
larger than the divisable surplus OF n.-. COM
panies. The dividends are now t. De decreased
in order to reach and attain four per cent. basis
as soon possible, and larger surplus in the fu-
ture.
As to strength, the Piedmont and Arlington"
has "a assets to ST of liabilities as applied to
policy holders, or $l.14 to stockholders, an aver
age of 10 per cent moro than tho relative num-
ber of other companies.
The total outgo to total income is 55 per cent,
an average of 10 to Is per cent. less than many
leading companies.
The annual statement of this company for 1870
e before us, yet VIC have written from more
thorough and detailed investigation of the COM
pany'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 pc ING pioneer III
the movement to the lands of criticism and pre-
judice" VIC are free to say that when others from
that section come in the same condition as the
" Piedmont and Arlington" they shall have our
countenance, because they merit not only it, but
that of the public.
The early staunch condition of this company
portrays the fact that the President, W. c. Car
rington, Vice. President, John E. Edwards, Sec
retary, Daniel J. Hartsook, Actuary, Prof. Ed
ward B. Smith, and Cashier, B. c. Hartsook, are
all thoroughly skilled in the science, and we may
add that the directors comprise prominent and
esteemed citizens of Riohmand, several ofwhom
are most favorably known far and wide.
This COMPANY has nasaAd che inspection OF the
Insurance Departments of Missouri, California
and Kentucky, and has a deposit Of 100000
with the proper authorities at Richmond. 1t will
not fail, therefore, to be admitted, upon applica
ton, into Now York and Massachusetts.
To conclude, as the company is progressive,
prosperous and prompt, its expenses and losses
small, its investments secure, its reserve ample,
its surplus good, and its management conserva-
tive and skillful, We highly recommend the Pied
mont and Arlington" of Virginia, as deserving
the patronage of insurers. The General Agent
in Philadelphia is j. II. Baird, Esq., Office, No.
ITO South Third street, from whom fuller particu-
lars may be obtained if desired.