Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1902-10-18

For nine and half years have met
every obligation promptly.
It's methods of operation have estab-
hshed an enviable reputation. VIII live
while the Negro lasts.
The Southern Aid Society of Virginia
has by its honest methods of operation
and prompt payment of sick and death
claims won place among the people Of
Virginia that it merits and for which it
is justly proud.
In order to let the public know the
vast amount of business that is being
done by this great Negro Enterprise,
(Which has heretofore refrained from
newspaper publications and sensational
growth, and only upon merit forged its
way step by step to the front position
it now occupies in the insurance realm
of Virginia,) the following record is
published:
Sick claims paid in nine years and six
months:
No. claims. Amount.
249S7. S74,96l.00 S74. .961 90
Death claims paid in nine years and
six months:
No. claims. Amount.
1887. sS7, 10000 S37 800. 90
Total sick and death
claims paid, Sl12, 2,761O
One hundred and twelve thousand.
seven hundred and sixty-one dollars.
1t can be seen that the Southern Aid
Society has paid its claims and the peo-
pie are doing the talking.
Heretofore sick benefit companies, op-
Grating throughout the State of Virgin
Ia, have been considered Societies and
hav not been required TO pay insurance
taxes, but under the existing laws of
the State of Virginia, every such con-
cern issuing contracts of insurance and
have not a representative form Of gov
ernment-ritualistic works and society
meetings. such as Masons, Odd Fellows,
etc., are subject to insurance taxes, and
have been so classified by the Auditor
of Public Accounts.
The specific tax is $4,000 per annum
and in addition statement is reouired
and percentum of gross earnings of all
such concerns doing business in the
State OF Va. This tax will run from
S4OO.OO to 100000 per annum depend
ing upon the amount of business done
The Southern Aid Society of Virginia
has complied with all the requirements
OF the State of Virginia and issue con-
tract of insurance under full protection
of the law; with full powers to loan and
borrow money, sell stock and pay legal
dividends.
The Southern Aid Society has ample
capital and good real estate holdings.
and knowing that there are numerous
small companies throughout the State of
Virginia that may possibly not be able
to meet the requirements of the State,
the Southern Aid Society invites CORE
spondence on this matter. Address the
General Secretary and Manager, Thos.
M. Crump, 504 North 2nd Street, Rich
mond, Va.
Our reference as to financial standing:
Savings Bank, Grand Fountain, U. D,
L. r., Richmond, Va. Mechanics Saw
tDgs Bank, Richmond, Va; Nickel Say
ings Bank, Richmond, Va.
AS for our real estate holdings, refer
to the clerk of the Ohancery Court of
the city of Richmond, Va.
1t is risk to run insurance without
having paid the required taxes, as the
penalty Is one hundred dollars fine and
suspension of business until paid. One
half of said fine goes to the literary fund
or the State and one-haf TO the party
who reports the concern doing business
without having paid its taxes. And the
policy holders of such concerns run
risk.
The Southern Aid Society having
shared so literally Of the patronage of
the public in the distribution of their
insurance membership, feels that it has
been 1T peculiar merit for promptness
IN payments of sick, accident and death
claims, and being grateful to its men,
bers, friends and the Public, have decid
ed to show in some tangible way it's ap-
probation and it desires to help the
large number of persons, therefore by