The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-22
LOCAL MATTERS.
Annual Meeting of the Piedmont and Arlina
ton Life Insurance Company.

day, 18th instant, and was largely attended
| by stockholders, agents, policy-holders
and members of the press.
The annual report Of the directors to tht
stockholders was read by President Car
rington. This report exhibits in full anc
lucid manner the operations of the com.
pany 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 can organize, manage, and main
tain as strong financial corporations as our
northern, eastern, or western friends.
From many interesting statistics contained
in the report we present the following,
which exhibit the relative growth and
standing of the Piedmont and Arlington as
compared with the other leading life COM
panies of the country.
POLICIES ISSUED AND AMOUNT INSURED
IN 1871.
The acreage number of policies issued
by fifteen Q5) companies from one to
twenty two years older than the Piedmont
and Arlington was less than l 100, and
average amount insured less than So, ,s00,-
900, while this company issued Ouer 2,200
policies insuring nearly $6,000,000.
In these items this company exhibits bet
ter results than majority of all life COM
panies, irrespective of age.
TOTAL NUMBER OF POLICIES IN FORCE
AND AMOUNT INSURED.
Compared with twenty-five companies
from one to twenty-five years older, the
Piedmont and Arlington shows larger
number of policies, covering much larger
risk. Only one company of the same age,
or younger, has in force so large a number
of policies, and the business of that COM
pany has been conducted at ratio of ex-
pense to income double that of the Pied
mont and Arlington. These figures indi-
cate the permanency and stability Of its
business as well as its rapid progress.
ASSETS AND LIABILITIES.
The Piedmont and Arlington, in the
matter of assets shows 81. IA to every 81
of liability. Few companies reporting to
to the Insurance Department of New York
can present equal strength.
COST OF CONDUCTING IT'S BUSINESS.
By reference to the reports Of the seye-
raj companies to insurance departments it
will be noticed that no company of the same
aoS io SOiituCs ~, OltoiilCoh az DO olItll IL
ratio of expense to income.
The average ratio of expense to income
Of eighteen companies of nearly same age
Piedmont and Arlington is about "a per
cent. Average ratio of expense to income
of thirteen companies, from one to seven
5een years older, is about "a per cent,
while that of the Piedmont and Arlington
las been less than IL per cent. This great
economy in management deserves atten-
ion.
LOSSES.
The ratio of losses to amount insured of
more than twenty companies OF excellent |
standing range from 1.16 to l SO per cent,
while that Of the Piedmont and Arlington |
vas only l.03 per cent.
AGENCIES.
The report then reviewed the operations
If the agents North, South, aud West, no.
icing the fact that since the last annual
eport the company had been successfully |
established in New York, Pennsylvania,
md Ohio, and in Europe-the latter depart |
nent under the management of Hon. Geo. |
Board, an English gentleman of twenty-five |
Tears' experience in the business Of life in
urance, and that this agency was estab-
ished on the usual basis Of commissions
lot salaries-to agents.
INVESTMENTS.
All investments of the company had
)een made under the direct supervision of
he directory, and were Of such character
IS to meet the requirements of the rigid in
urance laws of New York, Kentucky, |
Missouri, &C., the same test being applied |
o this as to other companies operating in
hese states.
Assets, January /, 1872, 81 ,729,3 1902.
In summing up, the report severally re-
yiewed the following facts: The steady
progress of the company, its immense
business, its firm hold upon the people,
'mall expenses and losses, prompt pay
nents of all claims (more than 5000, 900 in
LS7D, the character of investments, the
Ialue to this community especially of an
enterprise which added so largely to its
prosperity, and the fact that no
company could present higher indorsation
oy insurance experts or official state insur- |
lnce departments.
DIRECTORS FOR PRESENT YEAR.
After the reading of the report, the
reelected unanimously the |
he board of last year, as follows: VIM.
B. Isaacs, ID. j. Hartsook, John G. Will
Jams, William Ii. Palmer, FL. G. Pe1Tow,
1. X. Ellyson, Parker Campbell, John e.
edwards, W. Darlington, John Enders,
". G. Taylor, George s. Palmer, j. J.
Hopkins.
Colonel John R. Triplett, of st. Louis,
being called upon, il a pointed and excel
ent speech reviewed the business of life in.
;urance generally in Missouri, and especi-
lily his own work as the representative Of
he Piedmont and Arlington in the great
Vest, and concluded by stating that no
company enjoyed more enyiable position
mong the people and insurance men of
lis section than the Piedmont and Airing
on.
Major Coyel, of Maryland, expressed
lis qualification at the standing and infiu-
nee of the company in his State.
Captain r. E. Pegram, city general
gent, reviewed the operations in the home
'ffice department., stating that the old work
vas maintained, and that the company con-
inued to grow in popularity at home-as
N indication, remarlling that moro than
iuenty policies bad been issued to neso
in this city within the past
wo weeks. This was saying much for the
popularity of the company athome in these
lines Of dull business in insurance.
Other friends of the company present
likewise spoke of the growing influence and
,rogress Of the company. The meeting of
he stock holders than o6iollTne1