The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1873-07-12

Gn.xp pacrric Horn.


CHICAGO, lli@f Juht ~ sN'N'
I have stated in a previous letter that MI. |
William C;oodnow, the Southern agent OF inc
Rennblic Life Insurance Company, got UP
this most pleasant excursion party. ~
The ENTERPRISE of this gentleman, anu .pe
merit Of his company, perhaps, deserve sohe
particular attention, and will not prove I'M
interesting TO the Constitutions many reaueIs.
Tho Immediate cause Of the excursion was
The meeting Of the stockholders anu diiec,
TORS az The company in Chicago day or TWO
ago. A large number of the gentlemen Oh
the marty hold that relation TO the company
Mr. Coodnow, however, conceived the loea
az broadening the affair, and while the Org
nal nroiect sas to furnish the Georgia stock
holders a chance TO come to the headquarters
of the institution cheaply aud pleasantly lhe
privileges of the trip were extended 10 O'h'
ers. As the purpose is to continue these eA'
cursious on The same periodical occasions
hereafter, they will prove an interesting iea'
ture, and present an opportunity OF enlaig'
inc the social and business intercourse DC,
tween Georgia and Illinois in particular, ana
the South and West in general. :,
The Republic Life Insurance Company !
find to be strong institution. 1t IS headed
and backed by the strongest commercial men
of the West. The object OF its founders was
10 make il a national company. While the
charter was obtained in Illinois, and its head
quarters were establishedin Chicago, that was
merely for convenience. Its citizenshipis TO
belong 10 no State, and the name "Republic
was given in symbolilation Of its character
and grasp. Its founders profess the ambitious
aspiration of making Il the absorbing com
many of the Union, and the feat OF building
IN over twenty millions Of business in the
short space Of two years and half which
ordinarily requires ten years Of hard work TO
reach, and the farther prospect Of adding some
seven millions more OF business to their graf
flying aggregate in the next month, looks as
if they had entered in dead earnest on their
large aspiration.
Their business since the LIST Of January rams
TO nearly three millions reinsurance, covering
over thousand policies. Over two hundred
and thirty agents are working zealously to
spread the company's risks. And the institu-
ton reaches its long arms into twenty.nine
States ofthe Union, thus making rare average
Of safe risks.
The leading principle Of the Company is
the distribution Of its assets in the localities
where its policy holders live. This makes
the institution every where local one. All
the money raised in State is invested and
loaned there. OF nearly six hundred thou
sand dollars loaned safely on bond and mort
gage, all but about forty thousand dollars IS
thus invested outside of Illinois, in the va.
rious States where the policies are given, and
in the communities that patronize the compa.
ny to the full extent Of that patronage. The
stock, too, is held all over the country.
In furtheranee of the idea Of local distri-
button, local branches Of the company are
established in the different States, with local
directors and subject to local control.
The Atlanta branch is controlled by some
of the best men of Atlanta. may here add,
us n fact falling in my knowledge, that Mr..
4. L. Rawson, OF Atlanta. has taken a promi-
nent place in the high opinion of the Chicago
directory here, and impressed the members
with his cool, clear.headed business sagacity
and financial honor. find, also, that Mr..
Goodnow is regarded by the management
here as one Of the most valuable officers CON
nected with the company.
The President of the company is Mr.. John
V. Farrell, the wholesale dry goods prince of
Chicago. Its Secretary, Mr.. Collins, is n
young man Of rare tact and energy.
The operations Of the company are dis.
creetly conducted. Col. J. L. Jacobs, who
manages the department Of Tennessee and
Alabama, and who took the fine premium OF
$500 gold watch offered to the most sue.
cessful agent, reported Sl,539, 1850 of insur.
ance in his department, and in addition to
this, $325,0O0 of risk applications not accept.
ed by the company.
| cannot close my notice Of this company
without allusion TO its splendid building
here. The Republic Block in Atlanta is well
known us demonstration Of the company
enterprise. Its lofty structure in Chicago is
peer for other noble business buildings
here. Costing over half million il is a
cosmopolitan scene of business life, with lis
hundreds of tenants, ranging in character
from banking institutions through all the
grades of calling. Located in the very cen
tire of the city, ON one Of the most popular
streets, midway between hotels and depois,
but short distance from the Chamber OF
Commerce, it has proven rare investment.
Three of its walls and its inner vaults with
stood the fierce fury Of the great fire, which
annihilaied everything around it,
could write much more that is interesting
about this compsny. have only to add,
without disparagement to any other company,
that this is a lusty, vigorous, worthy institu
ton, backed by capital managed by the
foremost men OF the commercial world, and
| deserving of the uncommon success il is win.
ming by fine tact and hard labor.