The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1873-04-03
Southern Life Insurance Company

Southern Life Insurance Company
The following Address was issued by order
of the Board of Directors of the Jackson
Branch.
To the Citizens of Mississippi, Alabama
and Middle Tennessee:
The Directors of the jackson Branch of the
Southern Life Insurance Company with its
principal office at Memphis, Tennessee, re-
speetiully invite your attention to the claims
OF this Company to public confidence
support. 1t was organized in 1866
amid the gloom and dependency following
the close of hostilities, and was the pioneer in
its peculiar benifeent field. Having to con-
tend with the almost universal distrust in the
stability of Southern Institutions, its unpar-
alleled success is not only an earnest of abili-
~ and economy of management, but monu-
ment to the patriotism of an appreciatiye
though suffering people.
The South, suffering from the bubble of the
law which legalized the wholesale robbery of
thousands Of its widows and orphans-which
justified the following paragraph from Massa-
chusetts Reports for the year Ia page pa !:
Among the blessings which or REBELLIoUs
MASTERS threw away, because n ~ than their
equal share OF liberty was good enough
for them, was pretty large interest in our
Northern Mutual Life Companies; they have
none of their own. Our Companies were no
losers by this; on the other hand not a few
OF them profitted by the forfeiture of Southern
policies to an amount far greater than suffi-
cient to cover the subsequent war risks of
their members made them timid about trust
ing any institution of similar character. The
Southern Life, by its success, has proven the
ample confidence 1t has won by deserving it.
The high standing and sterling integrity of
Its founders gave absolute guarantee of
honesty Its success is the popular judgme Mt
on the economy and ability of its manage
ment.
We have been solicited, and have. in order
to found our grand organization for the whole
South, consented to join this worthy enterprise
Founded on a solid mOneyed basis, with an am
pie capital anu large accumulation of assets,
Its ratio of assets to liabilities the true test OF
a company strength )eq uals all the older Com
panies. While there are several departments,
they are departments of the same Company
and each and every one guarantees the pay
ment of the policies of the Company
One OF the prime objects of the organizatio
IS the check, II possible, and as far as practi
cable, ct the drain of capital from the South
and ut the same time to furnish to The people
as safe and as honestly managed Company
as can be found in any section, investing its
funds in the respective communities from
which they are derived
Have the people of these States any eoncep-
ton OF the immense sums of money yearly
taken from the entire South for Life Insur-
ANGER BY calculation, based on the best sta
1stIcs which can be obtained, it is estimated
that q sum of not less than Six or Eight Mil
lions of Dollars ($6,O0OOOO) to (S8. 600 OOOl is
sent every year from the South for this pur-
pose; aggregate amount since the war over
Fifty Millions of Dollars. We ask the people
to consider how rapidly and into what Qigan-
tie proportions every material interest of our
sectlon could be developed by the retention,
aad lending at reasonable interest in our midst,
OF these enormous sums, and the accumulation
OF compound interest thereon.
Of the whole seventy-t1yo Companiss shown
IN GooaselPs New York Report, the business
IN the Southern Life in 1871
Excels in total income forty-two Comma
MES;
Excels in amount insured forty-six Compa-
MES; 20
ty-two Companies;
Excels in average amount of policies issued
sixty-seven Companies;
:, Axcels In average gross assets thirty-four
Companies
Excels in average economy of management
1fty-fve Companies;
Excels in average rates of assets to Habii- |
lies forty-six Companies;
1t Is doing most successful business in all |
ne ne southern States, paying LARGE ANNUAL |
VI VIDENDS to policy holders, has issued over
1 1mSTs th h%S poleies, and ALWAYS ADJ
The jackson Branch is under safe and dis
rect management, and the funds constituting
he reserve will be securely invested by us in
ur midst for the development of the material
interests OF our own people. Losses will he
djusted at the Jackson Office without the
roubie, expense and uncertainty attending
objections at remote points and from unknown
ersons.
No Southern man should send his menev mt
I the South for Life Insurance when Southern
companies, In every respect solvent and reli-
bic, are seeking patronage.
I'm order 10 try and check the Inn.
nense drain of capital from the
outh to the NOrths we have made
arrangements tn
Eamsfer parties who are now nav.
nc PFemfu ms 10 Northern Comsra.
lies, NvitRA0ut loss or saddftfo1al ]
umssaI outlay.
We urge upon our fellow citizens the con- .
deration of the subject and the great inn :
1rtance OF keeping capital at home.
The Central Ofhee at Jackson, Miss and the
uxi11ary offices throughout our Jurisdiction I
III furnish all information and receive appIi- 7
'tlons for Insurance in this Company Il
A. R. JOHNSTON, President. $
JAMES D. STEWART, Secretary.
Hon A. r. Johnston, n
VIM. H. Allen,
J. A. kausler, e
Gus Asher, Il
VIM. B. Taylor
S. G. Newcomer, ts
Executive Committee. G
REFER TO THE FOLLOWING GENTLEMEN:
n. Pond ofG. NJ. Bayley s Pond, r
! j. Guidisre, of Clapp, Bros. s. NeW "
n oingI eton, 100000. Canton Miss n
4. Johnston, ackson Miss .,
d to the Directors of the Central Board at m
skson, and the Auxiliary Boards through 0
this department 20mar6w
90 II