The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-02-25

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New DRUG SToRB.-We have the GAG
OF a new drug flrm flung to the breeze
In our columns this morning. Messrs.
L. L. silliman & Co. have handsomely
fitted up the store between Mr.. Diercka
and Messrs. Loriok & Lowrance. and
to-day open q choice and varied stosk Of
drugs, chemica'e. brushes. patent medi.
clnes, surgical instruments, and fancy
and other articles. These goods were
selected under the critical and expert
enoed eye of Mr. Silliman himself. from
the best and most celebrated establish
ments in the Northern cities. Mr.. Sill.
man has long been favorably known to
the medical fraternity and to the COM
munity at large, as druggist Of ample
knowledge, close study, minute observa-
tlon and ripe experience. His obIiging
disposition; united TO the completeness
OF his information and his long famili-
arity with the business, give assurance
that it will be conducted in the most
satisfactory and unexeeptionable way.
he will be aided in its management .by
active assistants. He! has secured the
services of our young friend, Mr.. W. e.
Pelham, graduate in several OF the
schools OF the South Carolina University.
including chemistry, and, whose prot
cheney in pharmacy was rewarded by the
diploma of the University Board Of Ex-
aminers, conferred upon examination in
July. 1872. He is competent and dill.
gent, we'll informed, and not without ex-
perience. This new establishment sets
out under favorable auspices, and We
doubt not will receive. as it deserves, q
liberal share of public favor.
We take the following from the New
York San, of February 81, 1878:
STATEMENT CARRYING IT'S OWN Con-
MENT.-The business report for 1872 of
the Equitable Life Assurance Society
furnishes abundant materials for the
public interest. "New business during
872-12. 491 policies issued, insuring
20! .9ll ,O79;" or daily average of forty
policies and $l67 900 of insurancel This.
Of COURSE, in addition to the renewals of
policies already on it's registers.
We have been accustomed to see this
particular company report progress at q
remarkable rate, year by year. from the
date OF it's organization in 1859; and at
times during these past thirteen years,
there have been many surprises Of this
sort, until the name of the Equitable has
come to pass current as the SYNONYM of
everything progressive aud successful in
life insurance administration. But this
last business statement surpasses all pre-
ceding statements. And this ia all the
more remarkable, when it is remembered
that. for at least three years. the bust
ness world has not. been generally pros
perous.
The growth Of the Equitable in fnan.
cial strength is worthy of special re-
mark. Last year its assets were in
creased by some $4,000, 1000. The Equi-
tables aoonmnlations have now grown to
nearly $40. 900, 900, after only thirteen
years of active effort on the part of its
managers. Aud at the present rate of
increase We may soon expect to zee them
| reacn SOU,UuU,UUU. MOI mas This wonder
ful progress been made at the expense of
any correct principle. The managers of
the Society, whether an officer or direc-
tor, are men who understand their spe-
cial duties. The insurance record of the
Society attests the industry aud ability
of those who exercise the executive CON
troll in that department.. But as the
business of life insurance is one that
deals as directly with money as with
lives, it is necessary that the financial
administration of life company should
be in experienced hands. The Equita-
BILE is fortunate in havinga Board of
Directors, comprising merchants, bank
ers and capitalists, who are second to
none in sagacity, prudence and ability.
Taking, as these gentlemen do, 9 per-
sonal pride in the upbuilding OF their
institution, it is. after oil, no wonder
that the Society has accomplished such
results.
Last year, the Equitable's income was
$S, 400, ,045. For interest and rents alone.
the company received almost 81 .00O. 900.
TO the families of deceased policy hold.
ers. there was paid in 1872 the sum of
81. .653 1888, snd cash dividends and sur