The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-04-22
Annual Meeting Of the Piedmont and
Arlington Life Insurance Company.

i
The annual meeting of this flonrisbine
company was held at its office on Wedncs.
day, 18th instant, and was largely attended
by stockholders, agents, policy.lolders, and
members Of the press. i
| The annual report of the directors to the
stockholders was read by President Caring
ton. This report exhibits In full and lucid
manner the operations Of the company
during the past twelve months; its progress,
present strength and popularity throughout
the State and country; and. demonstrates
the fact that the people of the South cln Or
ganize, manage, and maintain as strong finan-
cial corporations as our northern, eastern, or
western friends. From many interesting
statistics contained in the report we present
growth and standing of the Piedmont and
| Arlington as compared with the other lead
| ing life companies of the country.
POLICIES ISSUED AND AMOUNT IEsURED IN 1871.
The arcrGge number of policies issued by
fifteen Qj) companies from one to twenty
two years older than the Piedmont and Ar
| Iington was less than LOO, and average
amount insured less than $780, 900, while
| this company issued ocer 1900 policies,
insrring nearly S6, 100000.
In these items this company exhibits bet
| ter results than majority of all lite colnpa-
nies, irrespective of age. .e.s~
TOTAL NUMBER OF POLICIES in FORCE AND
AMOUNT INSURED.
Compared with TWENTY-FIVE companics
from one to twenty-five years older, the
Piedmont and Arlington shows larger num-
bcr of policies, covering much larger risk.
Only one company of the same age, or young
er, has in force SO large number of policies,
and the business of that company has been
conducted ut q ratio of expense to income
double that of the Piedmont and Arlington.
These figures indicate the permanency and
stability of its business as well as its rapid
progress.
ASSETS AND LIABILITIES.
The Piedmont and Arlington, in the mat
ter of assets, shows Sill to every ST OF li,-
bilty. Few companies reporting to the In
surance Department Of New York can pre-
sent equal strength.
COST OF CONDUCTING IT'S BUSINESS.
By reference to the reports of the seyera!
companies to Insurance departments it will
! be noticed that no company of same aSe is
conducting its business at SO shall Il ratio OF
expense to income.
The average ratio Of expense TO income OF
eighteen companies OF nearly same age as the
Piedmont and Arlington is about 81 per cent.
| Average ratio Of expense to income OF ttlil-
teen companies, from one to seventeen years
older, is about ii per cent. while that Of the
Piedmont and Arlington has been less than
II per cent. This great economy III manage
lncnt deserves attention.
LOSSES.
Tho r.tic Of lovcaS n omoIiut insured al
more than twenty companies of excellent
standing range from 1.l6 to 1.1G per cent,
while that OF the Piedmont and Arlington
was only 1.03 per cent.
AGENCIES.
Thc report then reviewed the operations
Of the agents North, South, and West, no.
ticing the fact that since the last annual
report the company had been successfully
established in New York, Pennsylvania. and
Ohio, and in Europc--the latter department
under the management OF the Hon. George
Board, an English gentleman Of twenty-five
years experience III the business Of life in
surance, and that this agency was established
OH the usual basis of commiSsions--not sala-
rics--tO agents.
INVESTMENTS.
All investments OF the Company Ind been
made under the direct supervision Of the di-
rectory, and were of such character as to
meet the requirements of the rigid insurance
laws of New York, Kentucky, Missouri, &c,
the same test being applied to this as to other
companies operating in these States.
Assets. january !. 1872, Sl,729,302.
In summing up, the report severally re-
viewed the following facts: the steady pro-
gress of the Company, its immense business,
its firm hold upon the people, small expenses
and losses, prompt payments Of all claims
(norc than $4,000 in 1879, the character oil
investments, the value to this community cs-
pecially of an enterprise which added so
largely to its material prosperity, and the fact
that no company could present higher rendor-
sation by insurance experts or official State
insurance departments.
DIRECTORS FOR PRESENT YEAR.
After the reading Of the report, the stock
holders reelected unanimously the Board of
last year, as follows: William B. Isaacs, D..
J. Hartsook. John c. Williams, William Ii.
Palmer, II. G. Perrow, H. X. Ellyson, Parker
Campbell, john Z. Edwards. w. G. Caring
ton, John Enders, W. G. Taylor, George s.
Palmer, j. J. Hopkins. ..
Colonel John r. Trirlett, OF st. Louis,
being called upon, in pointed and excel
lent speech reviewed the business Of lie in-
surance generally in Missouri, and especially
his own work as the representative OF the
Piedmont and Arlington in the great West,
and concluded by stating that no company
enjoyed more enviabe position among the
| people and insurance men of his section than
| the Piedmont and Arlington.
Major Covell, of Maryland, expressed his
qualification at the standing and influence of
the company in his State.
Captain r. Z. Pegram, city general agent,
reviewed the operations in the home office
department, stating that the old work was
| maintained, and that the company continued
| to grow in popularity at home-as an lndlca-
ton, rcmarking that more than tue1ty poll
cies had been issued to neD policy-holders in
| this city within the past two weeks. This
was saving much for the popularity of the
company at home in these times of dull buSi-
ness in insurance.
Other friends of the company present like.
| wise spoke of the growing influence and
progress of the company. The meeting OF
| the stockholders then adjourned.
Immediately thereafter the directory met
aud reelected the old officers Of the company
| to manage its affairs during the current year,
and adjourned. ... .ra
The success of the Piedmont and Airing
ton is an accomplished fact. With dircc-
tory and officers composed of some Of our
best-known and most successful business
men, who, by long experience, have become
thoroughly informed in the theory and ope-
rations of life insurance, the public have
every guarantee that this company will be
| managed with economy and energy, and that
overy interest of its policy-holders will be
carefully protected. ts
Tho fay-list will shnW how large O city