The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1875-09-10
oFffcE SOUTHERN Lirg INSURANCE Co.

OFfiCE SOUTHERN LFg INSURANCE Co,
UNION, September lst, 1875
IT, he CitizeRs IF Union and adjacent CoWnhe, q
y'h Carolina:
| We desire TO call your attention to the fact
that recently at Union, s. c., local Board Of
Trustees of the Southern Life Insurance Compa-
| ny has been constituted, similar in nature aud
purpose to other organizations now in success.
/ ful operation i'll the Commercial and Industrial
centres Of the South la explaining to You tho
very important objects contemplao cd 10y the form
| alton of our Board, we cannot do better than to
adopt the language OF the Ad lress issued by the
Executive Committee of the Board recently or
gauiz"h at forkville, comprising the most sub
stantial business men OF that vicinity:
"The object of the Board is,
j To furnish safe Insurance in well csiab-
li>hcd, solvent and successful Southern Compa-
ny, and,
=. To benefit and secure policy holders by in.
vcs,ing i'll each locality III which it does business
50 much of the reserve fund derived from the
business of that locality, rs shall, upon advice
with local trustees, be deemed safe and judi
ciuus.'
And what we wish specially to call the atten-
hOn OF our citizens t., is, that the Southern
Life being, rs we believe sound aud safe c0ra-
panr, amply sufficient 10 meet the wants and ne
cessitcs OF our people, we'll organized aud in
Horishing condition. with its sffccrs and agents
OF iatcgri!y and ability stationed within our y
dcrs, together with these local Boards of Trus-
ices IN each immediate neighborhood guarding
the interest of its policy holders, should be sus
ia'nei by Southc"! people. Fvr by so doing
you retain and keep in our impoverished couu-
try those enormous sums of money which are
yearly pnid to Northern Companies ct Insurance
What the people OF the South need now is capi-
tai; funds sufficient to develop the natural re
sources of 'lis Southern country, and to rc-es-
tabhsh its former prosperity: then hold on TO
what you have won IL it should be but n small
amount and stop this heavy drain upon our
local finances.
Since the war; South Carolina hns paid TO
Northern Insurance Companies over eleven mil
lion dollars in .. cess " al anouns received or
paid back on death policies; while the entire
banking capital OF The State to-day is not more
than SIX or seven millions Now if this amount
ot eleven million dollars had been kept at home
luScad OF sending 1t 10 The North for Insurance
the State would now have n banking facility
Of over seventeen or eighteen million dollars
so if We are sill subsisting with this limited
supply OF barking capital, how much easier
would be our finances il were enjoying the
benefit Of eighteen million dollars Instead Of
seven millions Any one can readily see that il
would br run"uS to nur interest to continue this
line Of policy We submit the following extract
trcm the augusta (Gui Board az found in the
Chester RcpcriCr:
organized in July, 1866. with cash capital of
S2lbroQ. 1t has paid up to !his time S5Oo, 900
in losses, and 100000 in dividends. Despite
these heavy disbursements, the accumulated as
sets Of the company, January 1st, 1874 were
over 2,OUu,o 900. These results have been OBJ
tained by prudent and skilfui management. -
OF siNty five American Life Insurance Compa-
mics, reported ia Goodselis New York Reports
IOr 1874, the Southern lito Insurance Company
cNcels u rs TO gross amount Of assets Al to
nuu.brr of policies issued 42 as to premium
receipts A. us TO total income; 40 as To econo.
my of management 35 as TO whole amount in
snrcd 10 as to average of each policy in force
aud with one exception, it cxccls all in inercc 4
OF business ystGsN
II snccess'be The criterion of merit these facts
speak tAeir own ehcomium Of the shrewd bnsi,
ness like management of this company, and the
! high state OF prosperity and security which las
naturally cEsucd
Tried by the standard upon which the official
reports of I'LL companies in the United States are
based, lis ratio of assets to liabilities which IS
the true test II the strength and security OF iiie
insurance companies compares most iayurably
with the Oldest and most stable companies in
the country.
AMER careful examination Of the official re-
ports and statements submitted TO US, we find
the southern Life Insurance Company safe con-
scrvalive and well managed, with large accu-
mnlation Of assets judiciously and proftably in
vested, and we commend it to !hc support of our
fellow citizens"
While we are generous TO others, lot us be
Just and true 10 ourselves and to our Southern
institutions and become more independent and
Sclt-reiiant. And we never will be- so long as
we continue TO have everything furnished us
from abroad. Whenever it can be done with
safety, we should invest in, aud encourage home
industry, aud by this means mutually benefit
each other. Then let the people Of South Caro-
lima patrOniac, encourage and Sustain our South.
crn Llfc Insurance, our wooleu and cotton fac
tories, our manufactures and our various enter
pr!~cS which tend to increase our prosperity and
keep our funds Mt home. Begin then by en-
trusting your insurance to Southern companies
Their agents and officers living they do with
MS, have no dread of the great uncertainty to
life on account of our wicked and rebellious
spirit, and will not take that as pretext, like
some of the Northern companies have done, 10
raise insurance ON this Southern people, thereby
making all unjust discrimination, and that too
in favor Of the North Let us show to the world
and especially to the emigrant who would like
TO live with US, thai such reflections as these are
unjust, unkina AMI false--tlat peace reigns
throughout the South /; that the citizen who at
tends strictly to his own business and acts the
man, ~ safe in the enjoyments Of his life and
his property, and as an evidence Of the fact we
trust and patronize Southern Institutions
Those who are now insured in Northern oompa
nies eau lave their policies transferred to the
Southern Life without additional cost.
P,'esi3ea;ss4,
GEN. W. II. VANTAGE.
Wee P,Ys,denS. h@
JAMES +. .SfEEDAiAN.