The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-24
STRONG HOME
INSTITUTION
The New Bern Mutual Fire
Insurance Company's
Excellent Record.

Among the signs of a bright business
future for the State is the organization
of life and fire insurance companies at
various points, meaning as it does, that
thousands of dollars that formerly left
the State as premiums will now be kept
at home OF all such companies there
is none that stands higher than the
young but thriving NeYbern Mutual
Fire Insurance Company.
The company has been in business
only about year and a half, having
been Incorporated on March the Bird,
1897. Within that time it has demon
strated by the wise placing of it's poll
cies and the ability to meet the closest
competition in the field that the c0ndi-
tons eminently justify the purposes of
its organization.
In the eighteen months of it's business
life it has only sustained loss of 500,
and that, too, despite the fact that i'll the
same period it has written a total of
100000 of business in the various
towns of the State. Among the towns
that hold its policies are Asheville, VIII
son. North Wilkesboro, Elizabeth City,
Beaufort. Morehead City and other
places. 1t will shortly establish perma-
nent agencies in all the leading towns
and cities Of North Carolina In a
number its agents are already located.
1t is a stock company and a certain
part of the profits declared are returned
to its policy holders. The policy hold
ers are not taxed, it being strictly a
stock company At the last annual re-
port on December 81 1898, a dividend
of 20 per cent was refunded to its poll
cy holders. Il showing that few similar
companies can meet.
OFFICERS.
The following are the officers of the
company:
T. A. Green, president.
W. b. Blades, John Dunn, vicepresl-
dents.
George Green. secretary.
]. j. Wolfenden. general agent.
DIRECTORS.
]. A. Meadows, Il. III. Cutler, G. l..
Ives. John Dunn. Joseph b. Clark u.
III. Meadows, ]. i. Latham. J. r. Par.
ker. .Ir., James g. Blades, Charles
Duffy. w. Il. Blades, VIM Dunn, L. A.
Green. T. w. Dewey, j. w. Stewart
+. II. PelIetier, e. Wadsworth, o.
Marks. Thos Daniels, JAS Redmond.
Backed up by so able staff of Officers
and corps of directors the stability and
wise management of the company are
abundantly assured.
Mr.. r. A. Green, the president of the
company, has had wide experience as
a financier and business man. Besides
the presidency of the company he IS also
president of the Citizens Bank of New
bern, sketch of which appears else
where, is treasurer of the Cotton anC
Grain Exchange of Newbern, is Secre
tary of the Water and Sewer Company
OF the city, and also treasurer of th'
North Carolina State Firemen's Asso
citation. He was formerly foreman o
the company of engineers of the county
He is one Of the directors of the Or
phan Asylum located at Oxford, and i
Knight Templar, a Mason, and
Shriner He is one of the most public
spirited citizens Of Newbern, and is al
ways ready to give of his time and means
to aid in public enterprises
Mr. j. j. Wolfenden, the general agen
of the company, has for the past fv,
years done and still does a large rea
estate business. He is largely interested
in farming lands in the seaboard sectiol
of the State, buying and selling on com
mission. He has at his disposal all thu
time the very finest of trucking ant
farming lands, in large or small tracts
to suit the purchaser.
So large and varied are the kinds o
land in the eastern part of the Stat
that Mr.. Wolfenden can always meet thu
demands of intended purchasers what
ever crop they may wish to grow. Their,
are lands that will produce 100 bushel
of grain to the acre for years withou
the stimulus of fertilizers. Choice tim
Der lands can also be had of him.
Mr.. Wolfenden was born in Beaufor
county, but has been resident of New
bern for twenty years, during ten o
which he has been engaged in the rea
estate business. He deyotes his who'll
time to his real estate and insurance
business. He is a Knight of Honor, d
patriotic citizen and a man of fine bust
ness sagacity.