Twice-a-week record-press. [volume] (Marion, Ky.) 1909-1909, 1909-08-13
SOUTHERN life INSURANCECO
Editorial From The Courier Journal
August Eighth, Nineteen Hun
dred And Nine.

From time TO time there comes
along a substantial testimonial Of the
South's financial progress Devel-
opment is a word constantly increas-
ing in usage in our vocabulary.
Opportunities that were once per-
mitted TO come and 90 UNDECIDED are
now caught and nailed down. Ian.
guid indifienee more frequently than
formerly gets a jolt from aggressive
ness and the Southern business world
profits as a result Of the encounter.
4 striking illustration OF this
latter day tendency to curb suspicion
Of enterprise and welcome Southern
progress came recently with the
announcement that plans are under
way for the organization Of great
life insurance eompauy for the South,
with headquarters in Kentucky. II
is significant that the proposition
has been received by the many a.
seriously a. It was launched by the
few sincerely Twenty, ten. or even
Eve years ago the announcement
would have met with scaut welcome.
To-day it seems to have been receiy-
ed with a cordiality not unmixed
with enthusiasm Men recognize in
it an agency Of benefit for both Ken.
lucky Ana the South aud consequent
ly personal TREND.
The moment the swadhng clothes
we're ripped of the Citizens National
Life Insurance Company-an organ
nation which Is TO have e., 900, 900
Of capital stock aud s5, 900. 900 Of
surplus people began to lift up
their heads aud take notice. Since
thep, IL l. declared. letters add
kilograms have poured in on the
promoters from every section Of the
4 South-actuAlly wishing Godspeed
to the enterprise That the interest
has not been limited to merely yer.
bose sentiment, is demonstrated by
'the substantial financial support
.rrofered with every arrival OF the
mail.
The man who is even more than
tasual studen, Of current events is
Impressed when iutrodced TO the
naeuitude Of the life insurance bus
ness IN the United States Out Of
apparently bewildering volumes Of
ftatistics he can readily gain. how.
Dyer, conception, dazzling in i'm
frcssivcuess aud particularly useful
u an understandable contemplation
"a the real meaning Of the territory
south Of the Mason and Dixon line
~ the establishment therein Of the
proposed Citizens National Life.
IL is we'll to bear in mind that the
asst in particular has until most
ecent years enjoyed what may almost
y described as a monopoly Of the
fe insurance business. While East
rners have drawn with tremendous
roft to themselves the money from
outheru policy holders, they must
so be credited with possessing
bcteasing faith in life insurance.
10 1873 the total amount in pol
lies reported to the New York Insur-
pee Department was 81, 0S6, 027, las
his fetal had increased at the end
1905 to go, 623, 1873, 1855. New
ork Citys life Insurance assets
&gregated in 1905 1925, 900, 900. |
Hartford, Conn, has population
50, 900. 1t had life insurance
sets in 1908 Of 1900, 600, 900. !
ontpelier, VT, has a, population of
600, and in 1908 had life insurance
sets Of 81, 600, 800, or s6, 42s
pr capita. These figures, however,
not convey their full Significance
y til contrasted with Louisyille's
aggregate life insurance assets in
pes Of about ~, 900, $50 with a
Ppulation $50, 00O..
There is no end to the evidence
A@ life insurance business is profit.
q Ne for community. We are want
turn eternally to New York when
study things financial. Che