Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1902-10-04

For nine and half years have met
every obligation promptly.
Its methods OF operation have estab-
hshed an enviable reputation. VIII live
while the Negro last
The Sou, hern Aid Society OF Virginia
-bas by its honest methods OF operation
and prompt payment of sick and death
CLAIMS won place among tho 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 it's
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 years and 6
months:
No. Claims Amount
249S7 s74, ,96l 90 S74, 1851 90
Death claims paid in years
and 9 months.
No. Claims Amount
1887 $37, 10000 Ss7, 500. 90
Total sick and death
claims paid. -. $ll2, 76l 90
One hundred and twelve thousand
seven hundred and sixty one dollars.
10 can be seen that the Southern Aid
Society has paid its claims and the
people are doing the talking.
Heretofore sick benefit companies
operating throughout the State of Vir-
ginia, have been considered Societies and
have not been required to pay insurance
taxes, but under the existing laws of
the State of Virginia, every such con-
Germ issuing contracts of insurance and
have not a representative form Of gov
ernment-ritualistic works and society
meetings; such as Masons, Oddfellows,
etc., are subject to insurance taxes, and
have been so classified by tho auditor
of Public Accounts.
The specific tax is 1900. 90 per Annum
and in addition statement is required
and percentum of gross earnings of all
such concerns doing business in the
State Of Va This tax will run from
s400. 90 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 Sect'y and Manager, Thos M.
Crump, 604 n. End. St., Richmond, Va.
Our reference as to financial standing:
Savings Bank, Grand Fountain
U. o. 7. R.,. Richmond, Va
Mechanics Savings Bank, "
Nickle Savings Bank,
As for our real estate holdings refer to
the clerk Of the Ohancery Court Of the
city of Richmond, Va.
1t is a 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
of the State and one-half 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 its peculiar merit for promptness
in payments of sick, accident and death
claims, and being gratefu fto its MEM
bars, friends and the publ have decided
so show in some tangible way its appre-