The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1906-06-08
FarmVIIIe Is To The Front Again With
SOmelhInq Biz.

\ new enterprise, which Is Of th
greatest benefit to the State and O
which Fannyille should be proud, Ia
been put on foot in this town.
We refer to the Stonewall Insurance
Company which has just been charter
ed with ITS head office at Famyille
and whose advertisement appears IL
another column.
The officers are: ". G.. Cunning
ton, President; i. G.. Johnson, Vice
President; Walter II. Robertson
General Manager, Secretary and
Treasurer
The above with IL. G.. Crute and =
W. Watkins, of Famyille; X. II. Wal
ton, Of Rice, and q. b. Russell, OF
brakes Branch, compose the directory
This company starts out 10 do busi-
ness under the most favorable aus
pices. Its purpose is to insure the
tobacco growers Of Virginia against
loss Of their growing crops by hail.
The company is composed Of some of
the most successful business men and
farmers Of the State.
They have an actual paid in capita
Of twenty-five thousand SO, 900
dollars, which they propose 10 hold
for the protection Of their patrons
against any losses which they may
have through the coming crop grow
ing season.
Not only this twenty-five thousand
SO, 900 dollars, bat all Of the prem
iums If necessary which the company
receives from policy holders is TO be
used in the protection Of the assured.
We personally know the men who
are behind this enterprise and with
this knowledge before Us, we can only
bespeak for them success in their ef-
forts To establish substantial COM
pany. This is the only Insurance
Company that has ever proposed To
insure against hail on the old line plan
in the State.
All Of the other companies that We
have ever heard Of were mutual COM
panies and were dependent on assess
ments TO pay their losses. Such is not
the case, however, with the Stonewall
Company rs will be seen from their
bank account.
AS we understand it, it will be their
policy to promptly pay any loss by
their policy holders as soon as such
loss is ascertained.
This strikes us a. being plan that
will appeal to every intelligent think
ing planter within the bounds Of the
territory in which they will offer for
business.
Their charges will be a fixed per |
centum on the amount insured, just |
the same a. charges made by any |
strictly first-class Fire or Life lnsur-
ance Company.
There will never be any other cost
than the premium first charged, what
ever may be the losses to the Com
pany.
With their paid in capital and their
premium receipts, they will be amply
able to meet any loss which they may
sustain.
These gentlemen propose by fair and
honest methods to build up in the to-
bacco growing section Of this state a
strong reliable Insurance Company,
which will beyond a question carry
out all Of lis contracts with its policy
holders
We do not see any reason why
started on the plan Of the
Stonewall Insurance. Company should
not become as much a part Of the BUSH
ness fabric Of the community in which
i does its business as any other class
IF insurance
All insurance whether Life. Fire
lr Marine, where properly conducted
have proven vast benefit To the bust
ness world, and we believe that the
for the growing crops by
good company run on business princi-
pies, will be fraught with as much
benefit to the insured as any other
Orm of insurance.