The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-04-25

We CALL ATTENTION TO the following notice
OF the Piedmont and Arlington Life Insurance
Company, taken from the April No. of the Bati-
inoic UAdeitorit2r-an Insurance authority second
TO none In this country:
PIEDMONT AND ARLINGTON LIFE INSURANCE
CoMPANi.-The statement Of this company for the
JeAr ending December 3ist 1871, Is now before us.
Meacccpt Its figures with the confidence and the
Sratlhcation which spring from personal knowledge
OF It's management. Tie integrity of its officers,
whom we have reason to hold in the highest esteem.
the systematic regulation Of its working force In
every department, the watchful care OF the various
committees, ana the superior mathematical attain
Mcnts OF The actlG:ry. Professor T. u. Smith, COM
Dhe 10 furnish guarantee Of the accuracy Of these
figures such as Is not often afforded.
'.Taking them, then rs we lind them, we cannot
forbear remarking that Richmond has at least one
institution Of which Virginians may feel proud.
There are few companies that present so salts
factory Il record of progress. This annual state
mcnt Is numerically only the fourth, yet 1t tells us
that the income for the past year sl4l5.sss, and
that 1t now has 1888 policies In force covering the
large amount of ;2Goo5,5Bl the policies therefore
average over S1.0oU. The aggregate assets amount
to g. 100 i0I, and the liabilities 10 81 10 U7J. In eSt
mating the reserve embraced In these liabilities,
which Is necessary to re-nsure all risks, the actuary
has wisely as we'll rs laulbly included the full re-
serve for policies OH which deferred premiums
and premiums In trunsitu' arc due, THUS exhibit
ing the utmost possible fairness and justncss aud
sacrificing temptation To dssimualivr display for
the more solid beauty oftratb.
In Examining the Items IF the income for tlC
year we find that while the premium receipts
reached the large sum nf sl,aj'7j. the interest on
the investments amounted to S3a,6ii. For four
year old this is a decidedly handsome interest nc
mittcc evidently understand how to make the funds
carmScd TO them most profitable, and 1T the same
time TO show that ahigh rate of interest Is not incon-
patibc with the utmost safely portion of these i'll
ycstmcns L. made through The branch Offices in other
States there helm" n restrictive territorial law In
Virginia - I'm New York But whether ut home or
abroad. loans upon real estate only negotiated
after the most careful scrutiny Of title and the de-
termination OF the lowest possible point OF dcprecla-
ton.
.!In looking over the items Of the expenses OF
management and the disbursements are i'm
pressed with the economic character OF the admins
trtton. The entire commission account SlO3,09, Is
less than eight per cent. of the premium Income.
The combined salaries are sci down III S17536, from
which we are left TO Infer that the cost of living is
cheaper in Richmond than elsewhere, or that the Of
ticcrs are content with the har'-tack OF war times
The total expenses estimated at S2!2,252, which
leaves Ii G2lUO per cent the ratio OF expenses to
income. Out OF sixty-iye companies reporting to
the New York Insurance Department only twenty
make q better showing than this, and these are all
considerably older companies, the youngest being
seven years older than the Piedmont and Arlington.
The ratirof expense of management to income of
most of the companies Of the same age is forty per
ccut. willie the average of all the companies doing
business In New York Is more than tweIty-six per
cent.
ain noting the disbursements to and for policy
holders, We observe that while death claims were
paid to the amount of S.7s i2l and surrender values
to tle amount OF .a7oO3s, the handsome surplus OF
lO9os9 was left for distribution in the form of diyi-
dends. The total sum dsbursed for the benefit OF
the policy-holders during the year was $7s9,l5l.
lit is no reflection upon the official staff of the
company, every member Of which deserves high
praise for his share In the work of construction, to
say that the directing force enanates from the Presi-
dent Major Darlington Is not only fully entitled to
this acknowledgements, hut he deserves the thanks of
the friends of Intelligent progress everywhere for
the manly stand he has taken and the eloquent de-
fence he has made In behalf Of those public mea-
sures ut home and abroad which will Insure to the
fullest extent the security Of policy-holders."