The times. [volume] (Richmond, Va.) 1890-1903, 1901-01-01

full oversight which is necessary to pre-
vent tires. In spite. OF this general eNpe-
rience the Virginia State Insurance Co
has been advancing in the volume Of
business transacted, the amount Of its
assets and net surplus. The year of 1900
in the city OF Richmond, from the fire
insurance standpoint, has been the worst
for a decade, but in no instance has our
fire department proved unequal to its
task The outlook for 1901 is most prom
Using, ana the first year of the new CEN
fury should show substantial gains with
the Richmond fire insurance companies
y SPLENDID YEAR.
MIR. Robert L. Foreman, General Man
ager of the South Atlantic Life Iusur-
ance Company, said:
The South-AtlantIc Life Insurance Co.,
which was organized in Richmond in the
spring of 1900. is a thoroughly Southern
institution. equipped with Southern cap
itaI and managed by Southern men. 1t
started out with the determination of
building up a first-class oid-line life in
suranCe company, which should furnish
Insurance of the highest type for the
people Of the South, and enable them at
the same time TO keep their money here
TO vitalize their own industries rather
than enrich the stranger
When the first policy was written on
Md
ny'S general manager that a million dol
lars OF insurance would be most praise
worthy achievement for the first twelve
months, and its officers would have been
Sratified at such a result. As a matter
OF fact, however, though only eight
months have elapsed since that time,
the company has already placed upon
it's books more than 100000 of paid-for
insurance, and has four months of its
When it realized how thoroughly the
life insurance field is covered by comra-
mics of great size and prestige, it is easy
10 understand that these results speak
volumes for the energy and business
ability OF the companys official board.
The officers feel that they are Very large
" indebted for this result to the splendid
cooperation of their directors, who are
among the most prominent business men
throughout its field of operation.
The above business has been done al
most entirely within the borders Of Fir-
rinia, the company having only recently
entered North Carolina and begun the
establishment of agencies in that State.
As rapidly as feasible it is the company's
plan to extend its field OF operation
South until it is covering the States OF
North Carolina, South Carolina and
Georgia. and it is quite possible that 1t
Tennessee and Kentucky
MR.. DREWRH'S VIEWS.
Mr.. John c. Drewry, agent of the Mu-
tual Beneficial Life Insurance Co. said:
Our business in the State of Virginia
this year has been much larger and more
satisfactory in every way than in any
previous year in the history of the COM
pany Our business shows an increase
Of over 100 per cent. I attribute this
result to three reasons-First, our people
are beginning TO understand and appre-
ciate more heenly the Importance OF life
insurance Business men realize that
business that is not worth insuring, is
not worth having; and they are beginning
to feel that life that is of SO little use.
that it is not worth insurinS, is not worth
living Second. there has been tidal
wave of prosperity. which has swept over
this country, which has not been confined
TO any section, class or occupation. Nir-
ginia is reaping its share of these bene-
fits The new South is rapidly coming
to the front. and no city has progressed
city OF Richmond. Third, the abiding
faith and confidence which people
have in the continuing growth and pros
perity of our country
'.These reasons, together With the in
creased desire to provide for those de-
pendent upon us, has encouraged habits
of thrift and economy, and this has
brought more people to face the problem
of life insurance. which has resulted in
good to the life insurance companies
AS CAPTAIN HALL SEES IT.
Captain Cunningham Hail. general
agent of Penn Mutual Life Insurance Co.,
of Philadelphia. reports the year 1900 has
been a most successful one, and that the
new business written during the year far
exceeds the product of any previous year
in the company's history. The year 1899
was considered very good. when the Penn
issued new policies to the amount OF s42,
100000. but the year just closed shows
that the previous years record Is sur