The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-03-20
HOME INVESTMENTS.

HOME INVESTMENTS.
I've Association is Organized on the purely mutua
) 5r co-partnershp PLAN Each State is created dis
tinct department Of the compa ny, and the bushes
| placed uatcr the management of q board Of drcc
| tors chosen from Its own citizens.
The Language of the charter Is as follows 9Th
Board of Directors III each department shall LOAF
| the money TO he invested In said department."
Section 81 also provides that "thc met presen
value Of the liabilities Of the company under poll
cies issued to members Of each department. as xct
by the standard of valuation Of the company, shall
be invested. and kept invested, within such depart
ment."
| OF the wisdom and safety of the plan adopted b,
the Association the Hon. Ellzur Wright, of Boston
bears testimony rs follows
"As the true theory Of the reserve OH any policy L
that 1t Is savings hank deposit, or self-nsurance
applicable only TO that particular policy ITSELF wher
1t becomes claim and only needs to have its princ
pal secure and Its interest sufficient, it would moi
seem possible TO have II Invested too near the local
lty where that particular policy will become a
cIaim.'
To this feature of local representation and invest.
ment the Association largely owes its
UNPARALLELED SUCCESS.
The only Company in the United States that qua.
rantecS is chartered right tho principle OF local
management and local Investments IN each State.
me only Company which; by Its charter, gives to
OF DIRECTORS.
HON-FOREEITING POLICIES.
All policies are non-forfciting after two payments
arc made when either paid-np policy can be Sc
cured for I'M amount proportionatc TO the number
OF premiums paid, or the policy surrendered and
ninety per cent Of It's net present value" received
In cash as provided by the charter.
{. L. KING, deputy superintendent of the Insur-
ancs Department Of the State OF Missouri, after Il
Thorough personal investigation OF the affairs Of the
ssociation December 20, ls7l.) says
In conclusions desire to congratulate the officers
and members of the Life Association of America
npon It's present highly prosperous condition. and
upon the high position the company justly occupies
try. iSgned.) G. r. KING,
deputy superintendent"
julius l.. CLARKE. Insurance Commissioner of
the State of Massachusetts, says under date Of De-
ccnlEtr ], lsI:
"Ihe Life Association deservcdly ranks among the
prudent conservative, and best-nanaged life insu-
~ nee organizations In the United States"
The Hon. WILLIAM BARNES. ten years superin-
tcndent OF the Insurance Department of the State OF
so far as my knowledge extends no company in
the worI> during the same time from organization.
has ever Issued 50 large amount of policies re-
cccivcd =, heavy an amount ofpre'nium income.
IL 40 not hesitate to recommend the Life Assoca-
tor Of America 10 the confidence and patronage of
tbr American people in any State of the Union"
The following resolution of the Board of Direc-
tors was unanimously adopted March IL, 1872:
"Res0lrni, That the Board Of Directors of the
Virginia Department life Association of America
cordially endorse the plan and objects of the Asso-
ciation, and recommend ii TO the confidence and
PATIENT mGESTs g WS s GsHEES our S''e NH lw