Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1875-08-29

ments Of the company. II Der cent, a,,rscte,
| the attention OF eastern Insurance companies
| and in 1859, 1870, and 1871. petition was sen
to the New York Legislature. stating that to thu
| certainty of securing larger interest on capita
is 60 b. attributed the creation IN the west ct
| large and increasing nunbDr Of insurance com
panies :. competing Mt great advantage Will
| those of New York"
And this same large rate Of interest enable,
| the Alliance to introduce some novel features o
! insurance. Its investment stock policies arr
| original with itself, and afford to the insured
substantial advantages not h,rtoforu involved
! IN life insurance. IN" rates on th"s" policies
| are identical with those OF the ten, iiftecn and
| twenty years life scheme, and their terms are
such that no premiums shall h. received there.
| on after the amounts paid in, increased by com.
pound interest at nine per cent, equals the pol.
! icy face. From TINT time the assured is enti-
| tied to annual cash dividends, and can borrow
one-half the face of the policy upon the policy
itself as collateral.
Its Tontiue policies, Of which it makes fla
| turs, offer inducements never surpassed by any
| life insurance company N the world. These poll.
cies are registered and signed by the supcrntend.
| ent Of the Kansas INSURANCE department. and the
fullrescrve thereon is secured by deposit of bonds
and mortgages with the State authorities. In
class GA dividends or surrender valves are not
allowed until the premium, paid compound al
II per cent equal the face of the policy. In the
event Of death in the meant me. tho assured re-
ceives the amount Of policy without accumula-
given for the full surrender value after payment
OF three premiums. Class &C" ARE written nj
lowest stock rates for 10, ij 20, IS aud 80 pay.
mcnts, At the expiration Of the term Of pay
ments all surplus that may have accrued, from
whatever source, is then placed 20 the credit OF
each policy, to be- applied toward the payment
OF future premiums, at the same rate, or in full
paid insurance, or drawn Oh; IN cash at the up.
tor OF the policy-holder.
The tables showing tho average amount Of
policies issued 10y the various companies. out.
standing Dec. 81, 1874, show that the Alliance
has the largest Averages. iU4---and that its
amount Of assets for every 800 assured is s2i7.
Its surplus as regards policy hold r.. is shown
by tie New York state report to he s9s,29t Os,
and b. the Illinois report to be- Sl25,lsl Its
affairs Lsyc lately been Examined by Gen. Ful-
lerton and August p. Harvey, "f Missouri and
ar pronounced by thpsy gentlemen - satisfHc.
tory. The ilVrSim,H hts OF the company amount
to the enormous sum of s30i6.j00.
Col. IL. u. Mhrkay Is the President of the
Society. H. was born near Rochester, y. y,
on the I'd OF Junr, 1855, and il now forty years
Of az. when tvrAty conc years Old BE- was adj
mltted to the Ne" York bar, aud practic,d law
until 1866. IN that year be- cailc west to Iowa
City ana engaged with John D. Tracy in build.
ill., tn Chicago and suuthwr stern Railroad. In
lso5 he came t. leavenwortl and On gagged in
law anu railroauIng until 1867. when be rstab-
lished the Missouri Valley Life, Of which be
was president until l,13, when Ac assumed tho
management OF tho st. Louis Mutual. In 1873
lie lHNttI 10 Is.dFfuNh4 III ana AtAFil'l tue
presidency Of tn Alliance. He is one uf the
sh,t widest and most careful insurance men "a
the west, and has the cunileEJ" of all who come
IN contact with him.
hr. Elcaua H-u.i.y. tn vice president. was
born in Washington county, Virginia, Becomb,r
-, 1879. Up to 1854 b was u merchant. ana
siUce that time has hrci, capitalist, actively
ana prominently cngas,d IN the .nsuraneu busi.
hess
Til sec:.i arv, Mr.. Geergc A. Moore, is a.
wears OF age, and Wa born in Brooklyn, ". y.
Ia connection with Mr.. Hcnry h Hydr. h. start.
cti the Equitable Lie, of New York, of which
company Mr.. Hyde Is now president. He has
been in the insurance busin, 81 for 70 years, and
has had II years ,Npcri, ne IN Kansas.
Mr.. j.. ". Eavts = hr assistant seer tary.
H. Is a ktutuckiau b, birth, Is 80 years 81 ag,..
a capitalist and an 81 triCnced insurance man.
Tie directors az. i!uu Thomas A. Osborn.
governor # the state u Kansas Hon. Fielding
Burnes, of LeaNenWoitA; Mr.. oeurSr r. lllnes,
banker, OF Lcav,uv or'h; Hon John G, Doug.
las, attorney at law don. = y Houston.
heavy capitalist, Of L"svrnvorh
6DIidrd by such urar and conducted a. this
society has seen, H. Success was assured IN the
start, and pprhsp- When We reflect upon the
charEgt ter Of the gentleman who INV, shaped IL
career. 1t Is arcyly 10 10, NyH4,r,l ti!ut with
sdcA enterprise ami ssgacity, working stca dily
with fixed object. III" tong line II old trees
look down upon more peaceful scenes IN their
Old a." than they participated in in their youth.