The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1898-01-22
Jersey city's New Insurance
Company Has Started
An Active Business
in This City.
PROMINENT MEN AT ITS HEAD
New Features In lis Industrial
Methods-How 1t Proposes to
Carry On Business.

A new company has opened its doors LOT
business in this city and although only
yet in its infancy. will surely develop INTO
strong. active, healthy and very enter
nrising business institution, benefting not
only its promoters, but its supporters and
the people at large. This exceedingly well
come new conner, for any concern when
will bring business to Jersey City is well
come. is the Colonial Life Insurance Com
many and its home is at No. 43 Mont
gomery street.
That the new business does not belong
TO the t-Rich-Quck, Bubble-Concern.
Anglo o-Bengalee-Loan and Disinterested-
Trust-Company order is very evident from
the names of those written in the deed or
INCORPORATION filed in the Secretary OF
States office. as its officers and directors.
They comprise men whose character and
standing in the business world are of the
highest order. and when they are willing
10 back the company none can doubt its
stability These men are the officers and
directors
Edward F. C. Young President; John A.
Walker. President; Henry Lembeck,
Second vice-President; Ernest T. Heppen-
heimer. Secretary; Joseph D. Bedle, Coun-
sell Directors-E F. c.. Young, President
First National Bank; William Hogen-
camp. President Second National Bank;
r. C. Washburn, President Hudson Coun-
ty National Bank; E. w. Kingsland,
President Provident Institution for Saw
ings; William c. Heppenheimer, President
Peoples Safe Deposit and Trust Co.; Bird
w. Spencer, President Peoples Bank and
Trust Co., Passaic, N j.; John A. Walker
Vice President Jos. Dixon Crucible Co.; b.
NJ. Stanley, vice-President Consolidated
Traction Co.; Henry Lembeck, President
Ienlbeck & Betz Brewing Co.; JOS D. Be
die, counsel to the company William G.
Bumsted Wallis, Edwards & Bumsted;
Flavel MCGEE, McGee Bedle & Bedle;
George r. Perkins, Perkins, Goodwin &
Co; Lawrence Fagan, President Pagan
Iron Works; James S. Bailey, Jersey City
Packing Co.; Robert Davis, President Jer-.
sey City Supply Co.; Charles B. Thurs
ton. Capitalist; E. L. Young. Jersey City
Coal Co.; P. F. Wanser, ex-Mayor of Jer-
sey City; ]. E. Hulhizer. Jr, Secretary
n ]. Title Guarantee and Trust Co.
The company now fairly launched and
already doing business far exceeding
the directors most sanguine expectations
will eonfine its attentions for time to
strictly industrial life insurance business
at a small weekly payment When It has
fairly established a safe and conservative
business it will go into the larger fields
If insurance. including endowment policies
and every known plan Their industrial
business will be carried on by canvassers
and the company has fer it's agents only
men of good character and ability and
not those who indulge in misrepresenta-
Aoo net
such evils the Colonial Company has de-
vised safeguards by making it's policies
so plain and simple that all they who run
may read.
1t has introduced among other things
in its methods of doing business the ex-
cellent plan of providing for payment to
a specified beneficiary instead of leaving
the beneficiary, as in many industrial in
Burance contracts, to be determined after
the death insured, and everybody knows,
who has had anything to do with that
plan what tedious litigation it entails, to
say nothing of worry and loss of time
Then there are still other features of
the new companys business: Cash divi-
bends are granted on all policies at the
expiration of five years, cash surrender
values are allowed for comparatively
short term, full benefits are granted
earlier than by other industrial companies
and special provision is made for death
by accident In fact the policies of the
Colonial Company are unique and ex-
rellent to degree.
To carry on it's business the company
has secured the large briek-fronted build
ing at the address named, No. 43 Mont
gomery street, and will in a short time
occupy the whole of it, with the exception
Of the top floor. The ground floor is now
piano store, but this will move its
quarters soon and the Colonial Company
will turn the store front into an Office
front, where the clerical staff will be
lodged. Upstairs will be the suSerintend-
ents and agents Offices, and on the third
floor will be found the medical depart
ment Dr. John Nevin, the welI-known
s physician of this city. will be the medi-
raj director, and he will have staff of
thirty medical examiners under him, To-
gated throughout Hudson and Essex
Counties When the office building is
completely furnished and altered through
put the company will have fifteen rooms
for all their departments.
Secretary Ernest j. Heppenheimer has
already an efficient corps of men, who are
pushing the business in a rapid and
highly satisfactory manner, and he hopes
% have the necessary alterations finished
n the office building shortly, so that the
Colonial Company can have room to carrv
on its already fast increasing business
NANSBN IN JERSEY CITY.
ue WIFI reys About HE Arctic Trim