The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-02-03
,x>trRANCE COMPANIES.
DEPORT OF TUE
IL PRESIDENT AND DIRECTORS
or THE
,~srp.xCE COMPANY OF VIRGINIA
TO THK
.,xx,I MEETING oF STOCKHOLDERS,
on IHE
OPERATIONS or THE COMPANY
-uy FISCAL YEAR ENDING DECEM'
RER 81. 1881.

,.ss of tho 1sst wear leaves divishe
iuec II sIS.360.S7 a. The disclet'0n oi 'hc
lahnet s,'cr ,eiiiug aside fOr reserve the sum of
coWoY, az ~ addition 20 our last reserve oI
t.4oszxS. The bSiauce Is exclusively het
slgV - ef the wear. the hslSncr OF the past Year
tiIt..g t.,cu consumed IN he reduction oi premium
h'lhs csrtlcipsnt policy h0ucrs.
aH1N'.rrnyte was in fact iarscr Than thlS amount
iur lbc ehi pI1dS,~i 10 sse ccr ,4p nv
@. ,a, sill having equities. which The liberal
Alr' 4 ghe c0mlaBy have always respected. Aod-
N",ht. 10 the surplus earnings aS stated aud con-
l''.,,rs The tNtfaoriiuaIy oNpensts ailendluR 'ne
si''.. of The priuc pal ,fce Of the coInirsly 10
= lsa'oI. aud ihe limitation Of the Prudential SIS-
h"S Insurance. The operations ot the year VIII Dc
t' "a h4vt D. en- mchiN sat'Siac orN. ~
81, r,uscs have operated of ia'c 10 rciatd Inc
" regular htC-tu.urancc.
b- ,,i,f0rimue> ot 1873. suppirmenicd hy post
'"s~,nd in ins case IS some of The northern come
lH,e. ana Nv weak iuNts Int Mt under lhv ten pa
high intCre,t IN The case of some western
I,.sr7uic,. crra,Cd a widespread d'shnst' "h'h
80 q ',c mast frw year.. also, the misfortune. Of
n,rt cnmiauN aud IL thcfls AZ tN'flcflloh
So ,.efrl hsdow of doub' In the SpCCial btld OF
o.. - ious 81, what We bending every energy
s,u was ihc only absolutely safe system 81 NE
r"'e le out Of place here 20 discuss the cause
[.rrh di>aeisr: hui - we may l"int 70 inc
y <rr,.l Of he IlFF-iN>JHANCt COMA
<yOF VIRGINIA wuh he proud aiisiaclloh ihai
= 'is.. -, .seu reldS 10 meet every claim upon
=, ,,. anik.iqs ct every righiiu' Que before ma.
.',, &, btr % wts dc>iTcd-:- preplied 10 discount
lint tafe> tVrrN tn"owmfni PonCN maturing
- ',l ln.uiug wear. Hnd invte> sli such p9ncN-
ar L. cone fsrwar' a. OnCC-h1s ntNti han y
ONT rraiu, ir--ias "a. DAY rOt e slngc out
l,y ,l.afi. los 10 has ia cash or sale ~
..,,,i the ressrNc tor every out 'ianoing pohcN
- ,.s look ant rs ihese results haYc G me from
,.f srhcr noe 10 tIc principles ol ne iu>UIal''-
'- Grt,ut re.t vt "a eluritzc fhc advance OF age
"a. cam ihe ocmonsirs1lOn oi saic'y 10 oe COM
.N.r> q her human institution. Hfe.iusu-
80 .. must dclcud on human AK uCles. when inat
I frst tuf suN ofhtT tN-'tm has the s'amP oi iati-
,,r.4er, hlr.h snd uust bgCak Gown. II Is un e
f.rffusitN too easy ln p"iut 10 some iaI0lts i au
,rlI.frffilu ol scttH lDc insurance; but u l. I'M
i.... Die io fnd one cG-oprIatiNc after many thou
s..t tNptr uts which has lasted through sluGc
'Ig8. lhc direction of the Executive Commiticc
,a aff.Inp' H. been made 10 csiabii,h Bureau "l
Tr,.cliiaI or lMria -Fpud lu-uraucc ~ 'nntc 0h
vl ne o ber nusire ~ the com panN Is 100
,,ouy deem tlic result. but no Ebert "tiI ur
r.3e 'o extend 10 uu a. roe tXperimtht ia Icitr-
1re and Richmond ma gwen us iis hs,on>. II III
.I r ucce> fury c.tah lshcd u vii proFc taius-
t~at,tlafy 10 lh- C.tmptuV's resources. aud cpr-
f.s tisuug bchc3t OF he '3rgc mas, al those WHO
@ ord uut sruan bsccs IS savings. whii>ti l. COM
-.ofi,m, The following = statement Of iho oreIa
ton, Of the company for H. hscai year endinl De-
,tlD,er 81, $50, snd OF lis pitsent coDdlu'n;
RECEIPTS.
b.. m ufetuiutus observation-disclosures Sooss - ~
Irsr initf t,t ana rtni>............... ~ iSS ~
Prom S,5 ss5eS c.em ci 81, is79 $50 Ssi7 Is
sso,soo %
DI>BUEsEMESTs.
,,.,,, claims -. ..............$ O2I OO
iftii,nds-........ ....................... 443 %
sutrruier 1921 Al
Txprhscs. iacludins >l'a'iaS, agents
commissions. taxes medical cXami-
nations. and al other eNpenses..-..... 1898 -
" ,s..rvr ....................... lJ.3S4 %
1860 81
ssO.9OO ~