Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1909-06-17
] LIFE AND ACCIDENT COMP AMI

55ssir; LII & AND ACCIDENT G0mf AMI
First National Life and Accident lnsur-
ance Company Deposits Securities and
i Licensed to Do Business.
The deposit June 1 of 100000
with the Commissioners Of Insurance
By the First National Life and Acct
dent Insurance company of Pierre, ).
D., Is an event of more than usual mo-
ment, In as much as this is the hrst
stock life Insurance company organized
in the state. Its Importance to tbs
residents of the state lays in the fact
that company with ample funds to
guarantee reliability and permanency
is now available to the people of the
state, and they will no longer be oblig-
ed to seek foreign companies to obtain
necessary life and accident insurance.
OF even greater Importance is the
matter of home investment of the funds
which otherwise might leave the state,
an illustration of which may be cited
the amount of over $S0,O0O00 OF first
mortgages on South Dakota real estate,
which is included in the above deposit,
and this amount will be mole than
doubled before the close of the present
year.
The volume of funds, which in few
years will be available to aid in the
development of the state is illustrated
by the annual statement for 1908 OF a
young company OF an adjoining state
which has total assets Of $7,672l7446
of which $6,456'269.l4 is invested in
irst mortgage on real estate. No fur
ther argument is needed to demonstrate
the great value this new life company
will be to this state, or that such com
pany should have been organized a doz
on or twenty years ago.
The annual report OF Insurance
Commissioner Basford shows that in
the last twenty years $12, 767, 42O.4S has
peen paid in premiums to Foreign com.
panies, and the amount paid to the 80
foreign companies doing business in
this state in 1908 was 81, 1921, 510l9 of
which l6 companies with home offices
east of Chicago received 1874. 731.57.
An annual Investment Of even half of
this annual in South Dakota would go
long way towards doubling the popu-
lation and volume of business Of the
state in very few years. What the
state most needs is mon and money; if
the First National Life is given prop
or support by the residents throughout
the state, it will be able to supply
much Of the money and the men and
business will follow
Extend, therefore. the hard of fell
lowship to the newborn, but vigorous
claimant for your patronage, as the
company is Differed by men of most
ample financial strength, and managed
by those with long and successful ex-
psrience in the business. Our fellow
citizen, Chas. L. Hyde, president Of
the company, is known turnout the
whole northwest as power in the
financial world. Other officers are:
Vice president, Q. D. Tidrick, U. S.
Commissioner, Chamberlain, s. d. and
Albert Wheelon, Pierre, s. D.; L.. a.
Munson, secretary and treasurer; FL. 9.
,Moore, Supt. Agent; VIM. b. Johnson,
field Supt. The directors are: Chas. l..
Hyde, G. D, Tidrick, Albert Wheelon,
ID. 9. Moore, L. a. Muns1n, L. Z. Sny-
der, Onida; VIM. j /. Harris.
Aiiof the elements are present to
snsure company which will soon be-
come leader in the northwest strong
and reliable. The First National Life
we welcome you. Capital journal.
Hogs brought 8 cents pound on
the Chicago market yesterday. A
price like that means a good many
thousand dollars additional cash in
The bank accounts of South Dakota
farmers. With his wheat bringing
$1.25 q bushel. and his hogs 8 cents
pound, the South Dakota farmer can
afford to buy automobiles and build