The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1899-07-08
BUYING ANNUITIES.
CUSTOM WHICH rs POPULAR IN
SOME PARTS O.
We Are Getting More u"oe'
OF Bachelors and People Who DO NOT
Wish to lie Bothered with Matters OF
Business Increasing.

There has been much inquiry OF late
m the subject of annuities and 1t Is
believed by the corporations doihs
business in that line that the custom
of buying them, which Is popular An
some parts of Europe, Is CROWNS !"
favor In this country, says Tue NC"
York Tribune. To some people VINO
have given the matter Afternoon 'ho
fact that annuities are gaining IN pop
ularity is O demonstration OF the lac'
that Americans are growing more sell
fish. that the number OF bacneiors Is
Increasing and that the class OF peo-
nile who do not wish to be bothered
with matters of business Is gaining IN
numbers. 1.-THE business OF annui-
ties" said William D. Whitney'
(which is widely known in Europe, is
of recent growth here. The inquiry
nm the subject is extending more ana
more as the rate of interest 1aiis.
With a further drop in interest, which
ia nrobable In the near future, the IN
nuiry will be more extended, especiai-
,v by those who are DESTROYS OF Sc
curing a fixed income for themselves
mr. Others. free from the vicissitudes OF
interest, expense and worry attending
business operations. Heretofore the
rates of interest offered In business
enternrises were too great to permit
tba establishment Of companies that
nod N take all the risk Of a probable
aron in rates of profit and interest.
But it was hard enough to convince the
nnblic of this. A large company, py
;ts ability to average out the risk OF
Individual investment by reason OF the
various! Investments into which 1t en-
tors and it's greater facility and econo-
NV IN doing a wholesale investment
business, makes the annuity policies
attractive for persons who desire a
ex.d income and no bother. Another
no,nt in connection with annuities Is
that She annuitant converts his chance
NJ diving into interest. because IN case
~ death the principal sum paid for
the annuity remains with the com
nonvt For instance, il the rate OF In
,ere4 free from losses and expenses
=, ,uvestment is estimated at 3 pei
.ont} and the mans chance OF dying
g. animated at 2 per cent, then NJ
,novSobtain in the form Of annuity al
,nveytment which will yield him
nor cent per annum as long as he ma!
i've which he could not obtain in an,
other way. On the other hand. 1t mus
ha unite apparent that annuities arr
MT desired by persons who wish II
,aava an estate to others" The an
Intent looks out for himself only
while the man whose life is insured
".av;des for those who survive him
rha annuitant is selfish, the insure'
ION is frequently self-sacrificine
aenving himself Injuries and some
49,. necessaries in order to pay pre-
miums for the benefit of wife and chill
dren. The bachelor, the man withou
family. the man who has becom
.s,raneed from his kinfolk and want
a. make sure that they shall hav
none of his money when he passe
.wav and men past middle age. VIII
fear that stocks and cards may max
deem holes in their capital, have bee
.monp the first to become intereste
n the annuity business. Some year
ago Lester wallack and a number {
actors made up purse with WIG
trev bought an, annuity for fellow
actor who had become incapacitate'
The man received only one annual II
sta,,ment before he died, and II
money which the old actor feared
handle reverted to the annuity con
many. This is not an infrequent o
currence, because the annuity coz
panies require no medical examin'