, 1877-07-15

A Board of Appraiecment was ordered, and the
valued the premiscs-the Republic Life Build
ing, ds it is nov known-at $500, GOO. At thi
figure the property Was taken, subject to tn
mortgage, and Mr.. Farwcli was credited on tn
stock book with s150,000 stock, 20 per cen
paid up; he was given $50, 900 in cash, and Mr.
c. B. Farwell was assigned $10,O00 in stock, 2
per cent paid, ,-naking in all S3U2, 600, which
! Tith the mortgage already alluded to. completed
the purchase. Nr. Farwcn was duly installed
! President
| THE "1ocAL-BoARD" PLAN
was adopted for placing the stock. The schem'
WAS the invention OF one Alexander, shos'
| name, by the way, was not Alexander, who hat
organized the big insurance company OF st
Louis, known as the Life Association O.
full way OF applying tails to kite, aud making
the tails believe they were the kite. Alexander
had worked it for ali it was worth; he hae
pretty thoroughly nnlked the Country with it;
ground, they found it pretty uphill work. Tt
make long story short, the Company Tas
launched some time in Juno, 1870, In the file o1
the Chronicle for that month is found the fol
lowing prospectus:
KEPUBL1G LlFE-1SsUKAECE COMPANY.
John V. Farwe:ll President
a. ": Kellogg. First Vice President.
Paul Cornell, :secord ce-President.
Orrcn Z. Moore. Secr2taty.
=. ". bryant, Actuar}
i. N. Hardin, Treasurer.
E. B. Butterdel Id. Supervisor Of Agents.
onchs t ,xs s,lon nave dopg fet thai enea
&C mpany. While her banks, business houses,
nufactories, nd fl insurance companies rank
l'eers of any o. their kind the country, and
while large sunni: are teing accumulated in other
Western towns, nd taken East from tEi butary
tcrrit o.y for life insurance. that, with
propc,' strength OF organization and management,
a come ANY can be built up in Chicago winch shall
secure tho sympathy and enterprise for which she
is prove rbial, and so make grand snccess and he
fitting representative In its line OF her position
and power.
70 this end we have organized the Republic Life
1nsurano. COMPANY, with q proposed capital Of
S. 900 0tO 10 per cent t. he paid inl, S. U00 600
hello in tn: city and the rcst to be distributed
throughout the country TO secure cooperation and
influence. To show our faith, wo hare subscribed
largely to the stock To convince rne public that
so!idiy an pcr1nanence are expected, the Com
pany staru oil III its own elegant frc-proos build
Ne have also secured frst-class talent for its
management, as 4 necessary element Of its snc-
cess. Our plans are especially attractive to good
inc strength simplicity, local influence The now.
or Of loans- and an organization unsurpassed. In
view OF these facts. we earnestly commend the
Company TO the full confidence aud practical sym
(, ,n hY OF the business men Of the city and the
J. i, Favwell. Paul Cornell. c. r. Bowen, c.
lie M rdcrson, 5. A. Rent 4. II. Kellogg. 7. N.
Avery, c. n. Cady, W. T. Allen, Leonard SWEET,
+. ~. GIaSe Anson staser, !. n Hardin, w. :.
Meek er-
.sF,rty Gel ,turies look down upon you," said
Napotx,i1 to lis soldiers drawn mp in battle ar
raw at the t.asc Of the pyramids OF Egypt.
=. Less ttan decade stares YOU in the face,'s
saws the publr to the Republic Life, s4anl YOU
arc bankrupt, lin the hands of Receiyer.'' So
much Tor the glowing proclamation about
~ soiditv aud D ern,anencc."
And SO the Ke public WAS launched on the u11-
certain sea II lii =-lnsurance. The organization
of tslocal boards - proceeded with yexatious
sIowncss. T.1erc were not SO many tails lying
around loose 70 be attached to the Kite rs tnev
who proposed to hold the string thought,
Stock was nlaced VI fth great difficulty, even nj
m cxperse of from 20 to rs pcr cent ot it's nom
nal mar value. 4gz 'uts were not breaking their
nccks running to the 'ssulid aud permanent
hrc-Iroot office Will T1shs WHICH thcy had col
Jared OIL the streets
mr. the rantal sn far : s1bstrilrd w,u1id short]r
~ ;n The w.v Of cx, .enses. rnst out. Amat
the fn,1,.n ,e r1ncnt an. .1i-
frust nrotl,lccd in lfcin ,urancc circles by tie
r;1,'-a ~ Tho rr-on.on -ifc If Ton,1o,, ~
xin,,d ,rh;n,, 11ur;1o an eristanra ~ f3f.o"n
~. ~ nod Sw,1owc1i rortv rnn,:,on;es o1,1v ~
.'.e I,oJrn - +ha 6na,c;. 1xorlJ T, po'
,',i,,;r ~ .,n+ar,,inaJ r. ~, M tls ,naronH,
,usiness .rhora mad hesn in existe,re ahnn1
10 +;.,,, tl.rsn miserable 1ttye 1ifa .o1nnanics
mn .nnwn sus as tie :. Proridents Enrie. ), md
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y eas 01n 49, 49, I.<,a1 iae;.
vi,i, 1o,,e;no m ovo t1,e Rsnnh3i. razrI IN 1his