The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-08-01
AMERICAN CENTRAL
Life Insurance Company.
A Strong and Promising Or
ganiZatiOn.

Life Insurance, as now conducted by the
standard companies in this country. is based
upon certain well-defined principles Of life
expectancy and interest. There Is little II
any variation from year to year in the per
cent. of mortality among healthy life in
surance subjects Of a given age. Any one
who will take the pains TO examine the per
cent. of death rate on insurance in force
In the thirty well-managed and conserva-
tive life insurance companies doing busi-
ness in this country will find the variation
in such rate very slight Where a heavy
per cent. of death rate is found it may gen.
orally be traced to careless or imperfect
medical service. The death rate and rate
of interest that may be secured on the
premium paid into the company are the
leading factors in the question of profit and
loss.
There Is, perhaps. no country In the world
where the per cent. in death rate is low
and the per cent. of interest Is so high as
in the central States of this country. and 1t
is, therefore, a favorite field and the most
profitable field perhaps in the world for the
successful operation in life insurance. For
forty years the people of Indiana have been
paying their millions annually into the
treasury of companies which are building
up other cities and other States. For forty
years the Legislature of Indiana has foi-
lowed the advice and persuasion OF the ON
GERS and agents Of the companies organized
I'm and building up other cities and States
and failed to enact a law in our own state
| under which sound and conservative lie
our millions annually continued to flow into
other Golfers. Only the most extraordinary
discoveries Of natural resources has enabled
our State to keep pace with the sister
States to which We contributed our mil
| lions for life premiums.
late Governor Matthews, seeing the great
| Importance Of building up strong life In
| surance company in Indiana and keeping a
part of our millions at home, have under
| taken the work under our old assessment
laws. The last General Assembly OF the
State awoke to the Importance of a general
law on the subject under which strong, con-
sentative life companies might be incor-
porated. and for the first time in the his
| tory Of the State We now have upon our
| those of any other State in the Union. The
| sequel has shown that the business men OF
| Indiana stood ready to put up the capital
| sentative that the croakers would have nc
| ground to stand upon.
| The new law was approved by Governor
| Mount on the 10th day OF February, 1879
and on the I'd day of April the American
Central Life Insurance Company was or
| ganiZed under the law with a capital STOCK
| Of 100000. one hundred thousand of which
| was at once subscribed and paid up, and Of
| this $4,000 was invested In registered United
| States bonds and deposit made with the
| auditor of state, under the law, OF $4,000 II
| registered United States bonds.
About the same time the American Cen
| trail Life was organized the gentlemen wht
had been Connected with the Indiana Life
| Insurance Company established by Cover
nor Matthews. organized the Indiana Life
Assurance Company, with a capital stock O
100000 and on the 18th day of June, 1899
| the American Central Life entered into {
| contract with the Indiana Life" by which
| all the capital of the two companies wa
| consolidated and the policies of the 'In
| diana Life" are being taken up and tn
| American Central Life policies being sub
| stituted therefor. By this arrangement thu
| American Central Life will be the onl.
stock company organized and operating un
| der the new Indiana law.
| The following is a list Of the stockholder
OF the American Central Life under the con
solidation, and no better list of stockhold
in the State, or in any other State:
| List CT Stock n Olders of the American