The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-11

but with accurate foresight of the
cOmpanys future requirements of its
rapidly expanding business, the prop
erty. including the old city hail. COW
ering nearly half a block, fronting on
three streets and overlooking Capitol
Square, was acquired by purchase.
The buildings having been adapted to
the needs of the company, now make
one of the most complete insurance
offices jim the country, having every
convenience and facility for an inn
mense business, such as is handled by
this safe, prompt and in every sense
responsible and modern institution.
Mr.. c. A. Walker resigned the pres1-
dency in 1901, and was succeeded by
Mr.. John CT. Walker, who for many
years previous was vice-president and
actively connected with the manage
ment. The company is now, as in the
past, officered by men of integrity ana
capacity, who also possess the requisite
block after block to its pyramidal
shaft. making it's base broader and
more substantial than ever.
The present officers are j. CT. Walker,
president: T. William Pemberton, first
vice-p president, and w L. I. Rogerson,
secretary. These gentlemen are we'll
known and have had long connection
with the Life Insurance Company OF
Virginia. They are perfectly familiar
with the details of the various depart-
ments. and will maintain the same
standard of fair dealing and excellence
which has characterized the past
transactions of this institution and ele-
waited it to the high eminence already
attained.
While the industrial insurance fea-
ture of the company has in recent
years over-shadowed its ordinary de-
partment to considerable degree, yet
it is a fact shown by the history of
every industrial company that the "in-
dustrial' begets Ordinary as certain
ly as cause produces effect. The COM
pany has always paid careful attention
to both branches of the business. 1t
issues policies in amounts from fifty
dollars to twenty-five thousand dollars,
and all the latest and best up-to-date
features are embodied in the policies
of the company. 1t offers as great in
ducements and as many advantages to
large insurers as the largest companies
of the North. In fact the company
has always numbered among it's policy
holders many of the most prominent
people of the South.
The management contemplates max
ing greater effort along the line of
ordinary life policies for $1,000 and
upwards, and has greatly enlarged it's
scope in this department. while the In
dustrial feature of family insurance
will be continued along the same pro-
gressive lines which have become SO
popular among all classes.
1t may be interesting to give some
facts and figures to exhibit the com.
pany's work during 1904. The in
crease in gross income over 1903 was
$194, 542.67. Increase in insurance In
force, about 100000. When it is
remembered that 1903 was termed the
banner year in the company's history,
the final accounting for 1904 shows
something marvellous in the way of de-
velopment and expansion. If future
years are CORRESPONDENCE prosperous
to 1904 this Southern insurance com~
pany will in a few years take front
rank among. not only the best and
safest, but largest and most far-reach-
ing companies of the country.
The following figures give a very
correct idea of this companys magnifi-
cent progress during 1904:
Gross income for 1904. 81, 764, 902.18
Increase in gross income
over 1903 ........ 194,542.67
Increase in assets. ..... 380,715.59
Insurance in force. 800. A 600, 100000
Increase in insurance in
force ............. 4,OOO,OOO.oO
Number of policies in
force " S66.S7S.OO
Death claims, etc., paid
policy-holders ... 557,226.8S
Total payments to policy
holders since organiza
ton. over ........ 6.O5722S.56
Assets 81 ,946, l29.93