The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-02-22
GUARANTEE INSURANCE.
The Guarantee Company OF North
America Its Chief Exponent.

The originator OF the system OF guaran-
tee insurance on this continent was Mr..
Edward Rawlings, the general manager OF
the Guarantee Company OF North America,
whose name, together with that Of his COM
pany, is now familiar with most Of the cor
porafions and business public in general
throughout the United States.
Guarantee Insurance, as pursued by the
Guarantee Company OF North America, Is
much more satisfactory and practicable
than the old system OF giving and taking
private bonds rs security against breach OF
trust. BY the new system the employs Is
relieved from obligations; the employer is
assured not only OF payment in the event
OF loss, but OF the trustworthiness OF his
employe, and the private ,bondsman Is not
required. The system replaces q very
questionable species Of security granted as
a favor, and relieves the employe OF the
onerous obligation OF asking his friends TO
"go on his bond" besides being valua-
BILE certificate for him to receive and retain
the endorsement OF such an institution, us
il nc once establishes his title 20 his employ
er's confidence ,cithoW other testimony
The system OF Guarantee was introduced
to this continent by Mr.. Edward Rawlings
some nineteen years aro, as manager OF the
branch OF European company, but which
company. owing to It's transacting other
branches OF business under one capital in
England, was one ~ those who closed its
doors. On closiu its American branch.
its Guarantee bus ess was transferred TO
4 Canadian company, whose charter per-
mitted this among other classes OF in
surance, and il NAMED entirely i'm their
hands until Mr. Rawlings, in 1871, or
ganized and pu into operation his COM
pany, first called the Canada Guarantee
Company, now the Guarantee Company Of
North America, and which under his
vigorous and experienced management
soon gained public favor and confidence,
and in few wears transacted the bulk OF
the business in Canada.
The reputation OF the company's success
and value in Canada was such that it soon
received evidences OF confidence from the
United States. where several corporations
desired to test its virtues, and so well was
the company received that the directors
finally decided to enter thoroughly aud le-
gally into the United States field. The full
deposits were made and the name OF the
company. in order to comprehend its more
llfliis 'llAll-tAi w tliN dHliib-
pirate one OF "The Guarantee Company OF
North America"
THE LEADING FIDELITY COMPANY.
It thus practically became the pioneer
company OF this valuable and admirable
system in the United States, and there is
reason to believe that it has proved itself in
every way fully entitled TO the respect and
confidence OF the public. 1t is sound
financially, and has an experience in its
management which is not only desirable,
but necessary to its success. This, be it
understood, is not q mere nominal, So
called "eXperience" Of n year or two, but
one OF over 4 quarter OF century, and
embracing practical training and know
ledge OF all positions from junior clerk to
general manager.
1t has, at great expense, established a
system Of correspondents and other sources
OF information all over the American con-
tinent and i'm every part OF the civilized
world, which it is enlarging and perfccting
every year. This has cost considerable out
lay to organize, and still involves large
annual expense TO maintain and perfect ;
but this very expense affords one OF the
lifc-giying sources OF its value and useful
ness. BY IL the company is able TO fully
digest and review the nature OF response
bilitics il Is asked to undertakc-the pro-
tection OF the employer as well a. the COM
pany against the admission or retention OF
unworthy employees in positions OF trust.
The company now has on its books the
record OF over 24,G00 employees, and its an
nual report OF January, 1882. shows that
over 81 900 private and confidential com
municatiOns were received by the head
Office. This, OF itself, shows the extensive
ness OF the organization and the great care
and scrutiny the "risks are submitted to-.
It is evident that any employer wanting n
thorough endorsement for his emplOye
must, i'm his own interest, go TO the source
from whence the most reliable data can be
obtained, and " hen this is combined with
or backed UP by bond Of Indemnity to
secure the employer, should the data prove
faulty. the virtues OF a guarantee system
scientifically administered are palpably ap-
parent.
The paid-up capital Of the Guarantee
Company OF North America and funds i'm
hand are over S36j,000. This, with an
available capital subscribed, subject to call
ii required, OF $4,000 more. make the
total resources for the security OF its
clients over $685. 900.
The favorable auspices under which this
company has planted itself in the large ter
ritOry it has coyered-haying no less than
five branches, represented by men Of the
highest financial standing and integrity in
the United states, and some eighteen State
agencies in sound and reliable hands,
spreading from the Atlantic to the Pacific.
and from the st. Lawrence 10 the Gulf OF
MeXico-rcflects high credit upon the mas
ter hand that has accomplished il.
The career OF the company is watched
with interest, and as it is entitled to il, will.
we are assured, receive the cordial wei
come and support OF all right-thinking men
in the country. Tile Spectator, Nelo York.
Branch office, Richmond, w.
Directors: General W. c. Wickham,
vice-presideut Chesapeake and Ohio rail
road, president; John p. Branch, presi-
dent Merchants National Bank; II. X.
Ellyson, secretary Dispatch Newspaper
Company; 4. Y. Stokes, merchant; {. L..
Todd, merchant.
Gordon & Pleasants, Agents, 8 north
Eleventh street.
FEBRUARY 81, 1883.
~. H. LI1;Jo~ Of mo DicpoJeb.