New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-28
The Louisiana Equitable Life Insurance
Company.

1t has always appeared strange tous that
although the fire and marine insurance COM
panies of this city had pretty muchmonopo-
lzed the home business in their line in the
matter OF life insurance foreign companies
had only to contend with one home iastitu-
t1on, and that while our people constantly
eVlnced becoming spirit in the first, in
the second they appeared to be entirely un-
interested, and permitted hundreds of thou
sands OF dollars to be drawn yearly from
oar business capital, when it could be kept
home just as well as not 1t can not pos
sibly be because there is a want OF, conf
dence in the ability of our insurance men
to properly conduct the life insurance busi-
ness. for people whose public insti futions
are considered models of good management
and prudence should excite nothing but un-
limited confidence 1t must be them at
tributed to an apathy which should no
longer control. As an illustration of the
fact that the life insurance business is as
well conducted here as in any other city,
we cite the present status Of our only
home company, the Louisiana Equi-
AcIp4to ~ las Utt12 lIS OuStut55 dDJuJs
five years, and in face OF opposition from
all quarters OF the strongest kind, it
affairs lately underwent % most eearchiu b
investigation the hands of It's director
and it was found 10 stand upon as sou +
and as sold a basis as its most ardp r
friends could desire. The board Of dire b
ors. when they made this Investigate. D
Topped off from il everything in the waot il
claims or assets upon which shade OF ~
doubt could rest, and left nothing buhe ,i
real, bona fide. They were resolved go a.
before the public with an institution why +
Of the city. and one entitled 20 its pom G,
age, not doubling the result as soon asese N
facts were known and properly appreead. ~
These things were done az the suggest Of f.
the president. Mr. James II. Low, or- a,
chant of many years standing il thisy. af
and one who is second TO none in :aiennd y
knowledge Of business. The boar of II
directors comprise such names as Giles a,
Cavaroc. c. H. Slocomb, David Walla6o f.
B. Schmidt. George 4. Fosdick, I'd. by. In
James II. Low. L. J. Hart. John uend0n. h,
John /. Adams, A. Thomson, SamuM +
Todd, =. Cambon. James J. Day. b. 10
Penn, E. Briggs, E. II. Fairchild, T. h,
Walshe. William Creeyy, J. ~. StoI E. II
a. Tyler. G. E. Girardey, Joseph Elon, le
William P. Harper, and presenting, aaey II
do, such an array of wealth. talentnd ey
business responsibility should convndhe m
strongest advocate Of foreign cORpies of
that the Equitable can noc be excl. by OF
any, no matter what sheig wealth cop.
erty abroad, or how fair their plssmay
promise. See what the Spectator. Z reas
New York insurance authority, ss in NJ
recent number on this subject: ia
The Louisiana Equitable life. New u,
Orleans, under it's recently electS Fesi. =,
dent, Mr.. James II. Low. Is movingrward ~
in a way which betokens healthy ogress re
IN the companys list OF directOrlre seyo liz
eral OF the foremost citizens of " Or. Il,
leans, including the president of tlCham- =,
Der OF Commerce. some marine arfre in. y
suranC@ presidents and bank pGdents
This, OF itself, secures 30 the cOmny an co
local position and infueB The -
organization and successful estabhment %
of such institutions are nowhere )re de- CO
sirable than at the South, and the Slsiana tn
Equitable gives promise OF becong as m
widely useful and popular in it's aeFe as 49,
any Of the Oldest Northern complies in "a
theirs. 1t is in good hands as cegas man OF
agement, its financial solVency Seyond III
question; and. though yet youDgnd un- NJ
able to boast OF extended busins vea-
tlOns, It's future development is like TO be h'
rapid and safe. The is 90 ST
good reason why such companR8 this at
should not become q remarkable suess. 1t -,
has all the essential features whcIentitle III
q life company TO confidence and paonage,
and the result should not De % matt, Ut she "'
easH c10nhf. =.