The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1909-12-11
SIS, 900, OOO.O IN ONE YEAR.

$1,000 900 90 is a vast sum OF money, and if " re were to
tell you that an institution located in the Pecos Valley will do
this amount of business in one year. you would look askance at
us and give us a cynical smile. But just listen to what Mr.. r. I.
Williams, who is assisting in the organization of The New Mexico
National Life Insurance Company has to say along this line: 81
have been oftentimes asked since we commenced the organization
of The New Mexico National Lfe-How much business do you
think you can write during the first year of your existance?' and l
have always answered the question by saying: That, of course.
depends upon the determination and zeal of the management and
the efficiency OF the agency force; but l see n o reason why we can
not write at least So, OOO, 600 90 OF paid for business during the
first twelve months of our existance'
81 now have every reason to believe that The New Mexico
National Life will put s5,Ooo,oOOOo of paid for business on it's
books during the first year of its operation. 1t was on September
10th that we received our Certificate of Incorporation from Hon.
Nathan Jafa, Secretary OF the Territory, and it was the latter
part of that month that we began soliciting subscriptions to the
capital stock. Since that time, with only three active agents in
the field, we have succeeded in placing $Iso.oooo 90 of the stock with
about 400 representative citizens If the territory. When the entire
amount of the capital stock, including the surplus, 800, OOOC co is
sold, We hope to have at least 500 stockholders, each of whom will
be an integral part of this great institution. They will be scat
tered throughout New Mexico, Arizona and West Texas. 1t takes
no stretch Of the imagination to perceive the influence that such
an aggregation of active. aggressive citizens will WILD for a n n
terprise in which each one is vitality interested. am not appeal
insurance will result from the influence of each of these 800 stock
holders within twelve months after the company begins an earnest
and vigorous campaign for business.
"what would be the income of So, 900, OoO. 90 insurance?
Ask any insurance agent what the average premium is estimated
at and he will tell you $4,000 Thousand Then 81, 200 100000
insurance would mean $4O,OOO.OO and $4,000, 10000 would mean
5000, 1000 90 premium income. Besides, there are other sources of
profit to the company aside from the premium income
"When we came to Roswell last July, We came determined
to organize The New Mexico National Life, and while our company
more than gratifed at the marvellous results we have attained.
And l desire to go on record here and now with the prediction that
IN eSs v years i'm every Ill OF n capital OF n
New Mexico National Life will be worth more than five for one. In
face OF what a number of recently organized companies have &C.
compished, consider this prediction very conservative, and it will
be 81 considered by Others, who n unprecedented, having any
knowledge whatever of the value of life insurance stocks.
SIS it the intention of the company to demand, like some
either companies, a certain amount of insurance through the infu-
ence of a n applicant for a loan before the loan will be granted?'
In regard to the lOaning OF the cOmpany's money, | will say it is
presumed that, of course, preference will be given to stockholders
and policy holders, but in no case will the company demand that
an applicant for a loan produce a specified amount of business be-
fore the application will be considered. 1t will not be the policy
of The New Mexico National Life to secure its business in this man.
nr. The company will be able to offer a policy to prospective in
surants that will be a n inducement within itself. and the 5000. 10000
it will have to loan, when the entire amount of stock is placed,
will be available to all persons who are in position to furnish the
security specified by the law OF the territory-the law by which the
company is governed.
"Yes, the company has placed about all the stock in Roswell
that it cares to place, and after Jan. Ist. no moreo of the stock will
be offered for sale in this city Except pending business This step
is taken in order to give other towns of this and contiguous terri
tory the opportunity OF securing some of the stock and for the
further purpose of extending the influence OF the company.
"In regard to the building proposition, 1 will say that the
laws of the territory allow us to invest a part Of our capital in a
home office building, which will undoubtedly be done. 1 have in
vestigated sufficiently to convince myself that a four o r five story
dividend within itself, and be the means of enhancing the value of
every foot OF real estate in this city, especially that Immediately
contiguous to the building.
Eyes, 1 am thoroughly convinced that The New Mexican
National Life will be a phenomenal success and will be the means
of contributing to the success of every Legitimate institution in the
territory, and l consider that person very short-sighted indeed, or
else guided by an envious and selfish motive, who is unable to real
ie what an enter prise OF this character means toward the progress
and development of this country"
Keep New Mexico Money in New Mexico"