The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1909-04-08
Raleigh Goes Forward.
Capital City Enters Upon New
Era Of Enlarged Industrial.
Commercial. Educational and
Political Life-Some Devel-
opments of the Past Week
That Augur Well for Future
Progress and Prosperity
Some Things That Mean
Much for the City and State
News and Observer, April 2nd.

News and Observer, April 2nd
This has been u week i'm which every
day has been a red-letter dav for Raj
eigh. showing that a new spirit has
come into the lives OF the people and
that the old town is moving along on
right liues toward progress and pros
perity.
On Monday, after being closed sew
eral weeks because majority OF the
people last year voted against the
necessary school-tax. the public
schools were reopened IA result of
the sweeping victory for schools last
week. 1t was an inspiring sight on
Monday morning to see hundreds of
children hurrying to school. and u
beautiful sight, too.
On Tuesday the people named for
city officials the most progressive
men in Raleigh, and dacreed that the
government of the capital should not
only keep pace with private enterprise
but should lead in everything that
will make for bigger and better
Raleigh. The bitterness engendered
in the campaign has already passed
away and the good men are all CO.
operating to make the new admins
tration worthy of the city and help
full in it's best development.
On Wednesday, in the presence OF
the Governor. the mayor, and a COM
panv OF influential citizens Witnessed
the turning on of the current which
connects Raleigh with the Buckhorn
water power. thus putting Raleigh in
the class with those cities that have
the advantage of water-power for fac
| tories and other establishments need
ing power. This is long step for
ward. In the past year the Raleigh
Electric Company has spent more
than quarter of million dollars
enlarging and equipping its plant in
Raleigh and the connection with the
Bunkhorn water-power crowns their
perfected plans for power and lights
for the capital city.
On Thursday the fourth important
step that means great things for Raj
righ was the taking over by the JEFF.
ferson Standard Life Insurance Com.
pany, with headquarters at Raleigh,
nf the business of the Southern Life
Insurance Company. with head
quarters at Fayetteville, thus adding
81 100000 to the amonnt OF poll
ries now carried by the Jefferson
Standard, and easily making it one
of the foremost OF the younger life
insurance companies in the South
The Southern Life, having decided to
dispose OF it's business. had offers
form half dozen large Northern com.
panies, which, after investigation,
found the business of the company
most desirable. 1t is gratifying that
Raleigh had u strong company pre-
pared to take over the policy-holders
OF the Southern and that the business
is to be retained by solid and con.
sertatively managed home company
| The Jefferson Standard, with n cap
ital and surplus account of half a
million dollars, is strengthened by
this acquisition and the reinsurance
of the policies OF the Southern in the
Jefferson Standard guarantees the
policy-holders of that company. The
Jefferson Standard, in effecting the
reinsurance and protecting the policy.
holders, is in no way directly or in.
directly with any transaction of the
Southern Life, whose stockholders
will wind up the affairs of that com.
pany. The Insurance Commissioners
of North Carolina, after full examina.
ton. has approved the reinsurance
in the Jefferson Standard, and the
Insurance Commissioner of South
Carolina says OF it:
81 am very much pleased to learn
of the purchase of the Southern Life
Insurance Company Of Fayetteville
by the Jefferson Standard Life Insu
rance Company of Raleigh.
This means the reinsurance of the
policy-holders Of the former in Jeffer.
son Standard. which is one OF the
strongest Southern companies The
Jefferson STANDARD has assets o
about S51 900. of which $3.50. .O0G
capital and $3.50. 900 general surplus
or S4So,0OO is n surplus TO policy
holders. The policy-holders of the
Southern Life are now i'm "a strong
company which is above reproach. >
Hartford. Connecticut, is The richest
plare in Amerira in proportion to pop
ulation. Why? Because it's wise mef
early organized strong life and fire in
surance companies and for genera.
tions the premiums from all parts oI
the country have poured into Hart
ford which has been largely built NJ
by reason Of the fact that it has been
made rich by insuring all the country
III North Carolina today had in home
companies one-half of the premiums
paid over losses it would be filed with
the hum OF machinery and industries
would be multiplied and larger pros
perity would reign. With a strong life
insurance company and two strong
/ fire companies. Raleigh il confident
that in the course of "A few wears IL vii
b.- blessed by the inflow of insuranc1
premiums as Hartford has been Ell
rich-d. But the BLESSING would no,
be confined to Raleigh but would ex-
tend to all portions OF the State. Even
ten years ago If an individual or u
The old fashioned way Of dosing wsat
| stomach. or stimulating the Hart or Kid
/ neys - ali wrong. DR.. Shoop nr>t poiptes
! out this error. This il ~hy bis prescription
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