The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1907-06-25
t.WIIMINGTON. N. C..
TUESDAY,, JUNE %, 1907.
NORTH CAROLINA IN THE LEAD.

There is one thing this state has
done that puts her ahead OF all others
in that line of business. She has or
ganiZed a life insurance company with
a larger paid in capital and cash re-
serve fund than that of any such COM
pany ever organized in the United
States, and it was done entirely with
money of citizens of this and other
southern states. We refer to the JEFF
ferssn Standard Life Insurance Com
pany recently organized in Raleigh
under a charter granted by this state.
For years the people of this and
other southern states have annually
poured thousands upon thousands or
dollars into the Golfers of northern
insurance companies. Our people have
Just awakened to the fact that they
can organize and conduct as safe life
and fire insurance companies as those
located at the north which have Iof
wears been draining u section OF the
country of its surplus funds. Home
companies give equal protection ana
keep the peoples money at home. why
then should they not be patronized In
preference to those from a
In the Charlotte Observer OF recent
date we find an editorial along THIS
line which we think all our people
should read and consider. For our
readers benefit we give it here:
Editorials in The Charleston News
and Courier and Richmond Times
Disnatch Of concurrent date, last
week. upon the growth In NUMBER o.
insurance companies in the soutN
and congratulating the sectlon upon
the fact, suggests that tnrougn tile
insurance department Of North caro-
lima there was chartered during the
week q life insurance company WINCH
at its Inauguration, will be one OF the
largest life insurance organizations
that ever commenced business IN
America. This fact is one of winch
the state and the south mould De
proud. The Jefferson Ll1e
Insurance Company, with nome ONCE
at Raleigh, will, under its charter,
men business with $5OO,OOo
capital and surplus paid In cash. Ev-
erv dollar of this is southern money
and among it's stockholders are num-
bered many of the most prominent
men in North Carolina and other
southern states. The company Will
conduct a life insurance business
throughout the southern states, ana
will later bid for business in every
state in the union. The incorpora-
tors named in the charter are +. II.
Gold, Jr., Greensboro; c. w. Gold,
Wilson; ]. G. Brown, H. G. Chat
field. Charles F.. Johnson, T. B. Wo-
mack, H. w. Jackson, Raleigh; j. G.
Hales, wilson,: Chas. B. Aycock,
Goldsboro; Chas. D. Benbow. Green's
boro.
, While for many years past the
south has been a strong competitor
of the north in Industrial lines, yet
in fnances we have been compelled
to look to the large centres of the
north for the promoting of big en-
terpriseS. We have continually sent
out of the south millions of ollar
in life and fire insurance premiums
with only a small percentage return
ing to US for the development of our
lIluUSlI les. SlilCc lilS IloI >CiAA
panies naturally prefer to invest in
securities near home. Statistics show
thai North Carolina has sent out in
life insurance premiums alone over
twenty millions of dollars since 1898.
There has, however. been an awaken
ing in insurance organization in the
south during the past few years, and
there are already several strong COM
panios doing husinetS in this and
other states. The Jefferson Standard
organized with the strongest capital
n surplus of any life Insurance COM
panN OF the south. enters the field
strong enough to give absolute con-
fidence to the insuring public, and also
to aid in the great essential of better
development, the aggregation or capi-
tai which h south has so long need
ed for material advancement. The
successful operation OF southern COM
panieS means a greater development
of the southern states.