The news & observer., 1901-01-18
A SUCCESSFUL YEAR.
he Two Greens boro Insur-
anCe Companies,
0ur G Past Year They Have Increased Their
Assets, Emergency Fund, and Their
Surplus. Most Successful Year.
Especial to News and observer)

Especial to News and Observer)
Greensboro, n c.. Jan. 17.-There was
held in Greensboro TODAY. the annual
meetings of the two Greensboro insurance
companies, the Southern Stock Mutual
and the Underwriters. These meetings
are of more than local Importance be-
cause the stockholders of these companies
represent nearly everv section of the
State of North Carolina and larger busi-
ness interests and greater aggregation
of capital than any organization in the
State. Besides. there are upwards of
10, coo people in North Carolina who are
interested directly as policy holders in
the profits of the companies.
These comnanies have just completed
the most successful year since their or
ganization One of the companies is just
entering upon its seventh year, the other
upon it's fourth year. During the year
1900, the two companies increased their
assets from 1858, ,278.S7 to S271, ,950.5D aud
their reserve for reinsurance (emergency
fund.- from 43.41541 to $50, ,201.06. and
their surplus from $17,S16S1 to $23, 1861.
The year 1900 shows an increase in
premium receipts from $5S,54362 to $780,
3S0.37, being an increase of IA per cent.
The record which these companies have
made since their organization is very
remarkable one. and the figures given
below challenge comparison:
Total premiums since organiza-
ticn. n.............. ............ $251 $50 SO
Total losses since organization. 5I2364 A
n; le IN OIi bfNl
organization. ....... -.......... 39,645 %
These conn., anes deserve all the sue
cess they have achieved and more, for
the thousands of dollars they are annually
returning directly to property owners in
dividends, and for the large amount of
money kept at home and invested in the
State, which has heretofore been drained
out by foreign insurance companies.
The most important business transact
ed at these annual meetings was the de-
claring of . - per cent. dividend to
policy holders by both the Southern
Stock Mutua! Insurance Ccm?@nv and
the Underwriters of Greensboro.
Mr.. B. d. Heath. of Charlotte. was
elected President of the Southern Stock
Mutual Insurance Company TO succeed
Or ] NJ Worth, deceased; and MIR. e. P.
Wharton, of Greensboro. N. c., was elect
ed Vice President. and Mr.. A. w Nc
Alister, of Greensboro, Secretary and
Treasurer.
The old officers of the Underwriters
we're reelected: J. Van Lindley, Presi-
dent: E. p Wharton, Vice President; A.
w. McAlister, Secretary and Treasurer
The following we're elected directors of
the Southern Stock Mutual Insurance
Comcarv:
Lawrence 6 Holt. ]. S. Carr. j. S.
Spencer. B. g Heath. VIM. E. Holt. A.
w. McAlister. Edwin Shaver, F. J. Muir
dock. JOS. G. Brown, Benehan Cameron,
James F. SAWYER. e. P. Wharton. L.
Banks Holt, J. w Scott, ]. Van Lindley,
l.. "a Scott
The following were elected directors OF
the Underwriters of Greensboro:
L. NJ. Scott E p. Wharton. J. S. Carr,
w. II. Worth. Cary j. Hunter. B. ID.
Heath, J. Van Lindley. T. j. Hackney,
J. w. Cannon. w P. Beall. A. w. Nc
Alister. C, A. Norwood. Jr., H. w. jack
son. j. S. Spencer, J. p Caldwell, NJ. R
Braswell. H. w Price. j. NJ. Hendrix, j.
Y. Jovner. r. r Walker A. A. Shuford
r. c. Strong. VIM. B. Holt, D. A. Tomp-
kins, c.. G, Wright.