The times. [volume] (Richmond, Va.) 1890-1903, 1892-09-25
VIRGINIA FIRE AND MARINE.


doing business in Virginia.
VIRGINIA FIRE AND MARINE.
Security against loss by fire finds it's
acme in the policies of the Virginia Fire
and Marine Insurance Company, cstab-
lished in Richmond in 1892. In the in
tervening years it has survived vlelSsi-
tudes that would have annihilated less
sound institution, and now, strong, Wig
orous and progressive. it has the distinc-
ton of being the largest Joint stock In
surance company in the Southern Allan
tic States.
Il is looked on peculiarly by Nirginians
as a Virginia institution. They enjoy
feeling of great security under its pro-
tecting wing, and its popularity and sue
cess grow prOportionately.
The claim of the Virginia Fire and Ma
rine to public patronage is based on the
most conservative and just conduct of
its affairs for over half century, and il
now possesses the utmost confidence of
the insurance world because of its pres
ent similar methods.
This company has paid since It's organ
izatiOn over two and half millions of
dollars in losses, and during the same
time has grown steadily III assets.
The capital OF 100000 with which it
started has been increased to $250,O00,
and the assets now amount to 5000
its special field is Virginia and the adj
Joining States.
The company has always been under
the control of the most valued citizens
of Richmond. The first president was
Isaac Davenport. ST.. Then. for more
than forty years W. l.. COwardin was
ut its head, and at his death was sue
ceeded by its present able and expert
enced president, Colonel William ii.
Palmer.
Mr.. w. II. Mccarthy, an accomplished
Insurance man, has been the secretary
since 1873, and is fully identified with
Its success. In the following directory
will be recognized the most representa-
tive business men: Il. o. Noting, George
w. Allen, i. Il. Addison, Jr.. ID. ..
Davis, Thomas Potts, Francis Il. Willis.
VIRGINIA STATE INSURANCE co.
The Virginia State Insurance Company
Is one of the few Southern companies
commencing business in 1865 which has
come through times of losses and bust
mess depression unscathed, and added
year by year to IFS business and assets.
1t is a fire company which challenges
comparison as to its management, the
character of its belongings and the meas
'ure of success attained.
The Virginia State has been notable in
its careful selection of risks, and is ever
prompt in the settlement of losses.
Its capital stock is 5000. 900. Its assets
comprise United States city and railroad
bonds. bank stocks, real estate, loans aud
cash to the aggregate, January list last.
of $379,O0 making its surplus. when I'll
liabilities are deducted. $4,000. 1t is
doing large yearly business in pre-
miums, involving at current rates risks
scattered well over Virginia7and the Car
olinas by its agents, and also by rein
surance contracts in Il number of trade
centres.
The company is strongly differed. Mr.
Norman V. Randolph was elected TO the
presidency o little over two years ago,
during which time the business has been
extended to a gratifying degree and its
proht account COrreSpondingjy increased
Mr.. Randolph is president Of the Ran
dolph PapeyBox Company, and one of
the most thorough and capable men of
business in Richmond.
Mr.. X. Il. Richardson came with the
company as office boy twenty-one years
ago, and for some years has been its SEC
rotary and treasurer. He is an accom-
plished underwater, and the affairs Of
the company largely devolve on him. He
IL thoroughly identified with its success,
and is esteemed by the business men at
large.
Mr.. Charles X. Willis is the assistant
secretary, Messrs. l.. II. Mason and Jos.
Gerring solicitors, Robert Lecky, Jr. spe-
cial agent, and Alessrs. John ii. Wor-
sham and L. .. Micheals assistants in
the home Office.
The directory is composed of the best
business men in Richmond.