The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1898-05-26
INSURANCE REPORT FOR LAST YEAR.

RALFIGH. April ., 1S9S.-The report of
North Carolina insurance business for last
year was issued today by the Secretary of
state. The report shows premium receipts
for fire risks. $500, 300; losses, s655,o9s; life
premiums, 81, $40, 734; losses, 1868, 304.
Where does most of the insurance surplus
or earnings go2 We often hear good honest
people speaking of ho1 e industries and ex-
pressing deep sorrow that there are thou
sands and millions of dollars leaving our
State and lodging in the vaults and banks
of Northern cities. We are tagging behind
in the accumulation of wealth be cause we
are sending money out of the Sta,e, out of
the country, out of the town, that should be
kept at home and used to art new enter
prises which would give work to the laborer,
bread to the hungry, business to the mer-
chant and demand for our manufactured
goods.
Any one must see that the problem is
solved who was at the Court House at the
annual meeting of the Farmers Mutual
and heard those burning words of Capt. s.
b. Alexander, Cart. Samuel A. Ashe and
ex-Chief Justice Shepherd endorsing the
plan of the Carolina Benevolent Association
and the last t. uthful and eloquent sentences
of Jesse K. Wharton, Sec. and Treas. of the
Farmers Mutual as follows:
besides the small cost and certainty of
speedy payment OF losses the chief feature
of our method of insurance is that the
money paid out stays in the county, and
is not used largely in the payment of high
salaried officers doing business in costly
buildings IN some northern city,
For every 81 paid out by old life and fire
insurance companies only about 81 stays
with US.
If he who makes two blades of grass grow
where one grew before is esteemed a bene-
factor surely our organization richly de-
serves this distinction"
These men are not in the habit of lending
their efforts and influence to a scheme of
| chance or trap for the unwary.
| The Carolina Benevolent Association is
| promoting means of providing a comfort
| able future not only for your family but for
| yourself as well and of keeping the money
| at home. If you buy certificate of insur-
| ance with this company it guarantees the
| payment of 81 900 at death and $500 upon
| the satisfactory proof of disability, such as
| the loss of q foot or both eyes, and $3.50 in
| case you arrive at the age of 65 and elect to
| surrender your policy. 1t offers the most
| perfect indemnity and is the cheapest Life
| Insurance Company IN lhe country. Why
i Because IL gives you protection at the actual
mortality cost of healthy locality and has
| the smallest expense element of any COM
| pany in the country. If you don't believe
| it is solvent and safe, reflect that Capt. b.
] Alexander is chairman of the Board of Di-
| rectOrs who manage and control it, that
=! Capt. s. \. Ashe is the Secretary and Treas
| urer and that he handles all the funds and
| is under a s25, 900 bond, and that ex>ChIef
Justice Jas f. Shepherd is the legal add
! wiser.
If one of the canvassers does not call upon
! you, address
JESSE F. HOSKINS, Manager.
Room No. 7, katz Building.
| Greensboro, n. G.