The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-16
INVESTMENTS OF INSURERS.
THE SHOWING MADE ny THE COsf-
PANIEs IN GEORGIA.


Only Three of the Outside Fire In
surance Companies Have Invest-
ments I'm the state in Excess of the
5000 Deposit Required by the
state LAVA Much Better show
ing Made by the Life Insurance
Companies.
Atlanta. Ga. April i5.-Comptroiler Gem
eral Wright to-day sent TO Gov. Atkin-
son the report recently called for by him
showing what insurance companies doing
business in Georgia helped the state along
by making investments here. According
to report there are hfty-one fire Insurance.
companies doing business In Georgia and
none OF the companies have provisions in
their charter preventing investments in
Georgia, although all of them are required
by law 20 deposit $4,000 In the state treas
ury before commencing business. which
they have done. There are only three fire
companies besides the home companies
which have investments In the state in
addition to the $4,000 deposit. They ares
The sun OF England, $4,000 in railroae
bondsi the Continental OF New York. sl0Q,-
WO In bonds. and the Home OF New York;
$4,000 IN bonds.
Twenty-six lIfe companies do business In
the state. Nine OF these companies are
investors in Georgia securities. real estate
and securities, the report naming them
as follows:
real estate bonds. as against $l49 5a5, ,0lSOs
Manhattan OF New York, $4,000 in bonds
and loans. as against $l2zst,S6O.lS else
Maryland Of Baltimore. $3.50 in bonds. as
against l,54l I3S6 So invested elsewhere.
loans and 81 .77S. 1914 In bonds, as against
loans and Si.77S. 1914 I'm onds, as against
$les,O62,b23 invested elsewhere.
Mutual of Louisville. KY $50 $50 in real
estate loans, as against 2,03,06I75 else
New York Life, 81. .ais.se6 Central railroadJ
and SCOT, 900 real estate loans, as against
si32, $685. invested elsewhere.
Pennsylvania Mutual Of Philadelphia,
SlS4,SOO IN real estate loans, as againse
$H, ,2i3 0N.U invested elsewhere.
ProVident Savings Society OF New York.
$4,000 In real estate loans and SSl, ,563.79
In bonds, as against H,l6i, ,06l.35 invested
Travellers Of Hartford. sIl2.1OO in real
estate loans and S67675 In city bonds, as
against $l5, III ,9i4.li Invested elsewhere
These figures show that the companies
who do any business at all In Georgia In
the way OF lending their funds consider
this state a good ned for investment and
there rs no reason why the other seven
teen companies engaged in writing .insur-
ance here should not also invest here.
There has been an impression that some
OF them were restricted from so doing
by charter conditions, but the controllers
Investigation shows that not a single one
Of the tWcnty-seVcn companies has any
thing In its charter to prevent the making
OF Investments In this state, either In
real estate or bonds and stocks. Gov.
Atkinson believes that the publication OF
the figures as here given will set the peo-
pie TO thinking well as the insurance
companeR, and the result win be that tho
COMPANIES which have invested here Will
Increase their Investments to stll fur
ther enlist patronage here, while those
that have not invested anything in Geor-
gia, thus adding to the states develop
ment, viii be forced 10 do so In the
future to keep up with their competitors
Of the state.