The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-01-11
STRONGER THAN EVER
Prosperous Year For N. C.
Home Insurance Co.
Il Is Well Housed Now in the Handsome New
Home Building on Fayetteville
Street.

1.-The insurance law reduced the price
of insurance, by changes in the law on
certain classes of property IS to 80 per
cent" said Mr.. Alexander Webb, Vice
President of the North Carolina Home In
surance Company last night, but in the
fate of that reduction the North Carolina
Home during the year did the best bust
ness in the history of that company. 1t
was fine year for us and we now have
the best class of policy holders and most
satisfactory business which is increasing
every day..
The North Carolina Home, which was
organized in 1868, has recently moved
into the handsome Home Building" on
Fayetteville street-one of the most ele-
CANT and beautiful office buildings in
North Carolina. The new home of this
strong company indicates that it has
come to a position of great success and
stability. The officers of this company
are:
President-Pulaski Cowper.
Vice Observation-Disclosures Webb.
Secretary and Treasurer-Chas. Root,
Jr.
Their statement shows a handsome and
substantial increase in business written.
premium receipts assets, surplus and re-
serve fund, and this Notwithstanding the
fact that the officers discontinued accept
ing a class of risks which has heretofore
always proved Improbable
This fact, reflects great credit upon the
energy and business acumen of the off
GERS, and they in turn, appreciate the eff
forts Of fhoir &c VIII; ol,
them to make such a good showing The
local agents seem TO have realized the
benefits to the State which come from
patronizing home institutions, and there
by keeping at home a great deal of the
money which is annually paid for insur-
ance.
In less than two years the business of
The North Carolina Home has increased
more than AZ per cent, and the company
has made record which has not been
cqualled by any company.
The advantages of patronizing a home
institution of such undoubted stability as
The North Carolina Home is manifest.
Its capital is owned by both residents and
non residents of this State, but all of the
funds OF this company are invested in
this State, and the securities held by it
are of such a high grade that 80 per cent
OF them can be converted into cash in
less than twelve hours. The policies are
absolutely secure and are so recognized
by ali business men who are posted on
the subject of insurance.
The officers of the company are ener-
getie active and conservative business
men, and they earnestly trust that all
North Carolinians will unite with them
in efforts TO make their company the
largest in the South The amount of
money which leaves cur State each year
in insurance premiums is large and every
one will recognize the desirability and
good business policy of keeping at home
as much as possible of this money
The business of the North Carolina
Home in the city of Raleigh increased
during the past year more than 100 per
cent, which indicates that our citizens
are being aroused to the advantages of
keeping at home money that has hereto
fore been sent abroad for insurance. This
company pays out in Raleigh in salaries
and expenses over 900 a year, to say
nothing of the fact that they keep in our
local banks at all times a handsome bal
ance which can be loaned by the banks
and thus disseminated through the vari-
Gus channels OF trade and business
Raleigh is proud of this company-its
strength, its growth, its prosperity.