The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1909-08-20
SOUTHERN LIFE INSURANCE.
Great Company Established at Louis
Vile for Life Insurance.

From time TO time there comes
along substantial testimonial Of the .
south's financial progress. Develop
ment is word constantly increasing ,
In usage in our vocabulary oppor-
irnities that were once permitted TO
come and 20 unheeded are now caught
and nailed down. Languid indiffer-
ence more frequently than formerly
gets jolt from aggressiyeness and
the southern business world profits
a. result OF the encounter.
A.striking Illustration OF this latter
day tendency to curb suspicion OF en-
lflprise and welcome Southern prog
res came recently with The announce
ment that plans are under way for
the organization OF a great life IN
surance company for the South, With
headquarters IN Kentucky 1t is sig
nificant that the proposition has been
4 receiyed by the many as seriously rs
\ Il was launched by the few sincerely
Twenty, ten. or even five years ago
lhe announcement would have met
with scant welcome To-day II seems
10 have been received with a cor
diAlity not unniiXed with enthusi-
asm Men recognize in II an agency
Of benefit for both Kentucky and the
Soutb and consequently n personal
friend
The moment the swaddling clothes
we're ripped off the Citizens National
Lie Insurance Company an organi-
ntion which IS TO have s5,0OO,O00 of
capital stock and S5,O0OOOO of sur
plus -people began TO lift up their
heads aud take notice, Since then, 1t
a declared, letters and kilograms
have poured IN on the promoters
from every section Of the South-ac-
tually wishing God-speed to the enter
Prise. That the interest has not been
limited to merely verbose sentiment,
4 demonstrated by the substantial
financial support proffered with
every arrival Of the mail
The man who rs even more than a
casual student of current events Is
impressed when introduced TO the
magnitude OF the lie insurance bust
ness In the United States. Out OF
apparently bewildering volumes q
fis,atiStics he can readily gain, how
ever. conception, dazzling in Inn
ptossiveness and particularly useful
IN an understanding to the territory
south Of the Mason and Dixon line
OF the establishment therein OF the
proposed Citizens National Life,
n is well 10 bear In mind that th'
East In particular has until most re
cent years enjoyed what may almos
be described as a monopoly OF th'
NE insurance business While East
erners have drawn with tremendous
trofit TO themselves the money iron
.,outhern policy-holders, they mus
also be credited with possessing In
ereasIng faith in life insurance.
In 1873 the total amount in POLICE
/, ..1Nsi 70 the New York lnsuranc
I>S.'sedt was ss,oS6,o27,17S. Thi
total had increased at the end Of 1870
% si0,623, 73S,7S5, New York City
Mo Insurance assets aggregated Il
zoos Al 5000 geo Hartford, Conn
has population OF 10000 1t had iii
insurance assets In 1903 of $500, 600
COO Montpelier, VT, has a populauo
n 1000 and in 1908 had life insuT
arce assets of $i4.0OO,O0O, or SG,42
per capita, These figures, however
do not convey their fun significanc
aptil eontrasted with Louisville's az
y grepate life insurance assets In 1870
Of shout S2,OOO,OOO with populatio
Of about 100000.
There Is no end TO the eVidenc
that life Insurance business Is prof
table for a community We are woI
70 turn eternally to New York whe
we study things financial. One prom
Inent New York company twent
years ago had little over S6OOO'o'
Of assets. Its Statement showed al
sets in 1905 of s236OOOOOO, and II
assets have probably increased
about quarter of billion dollar
to-day. -Four prominent metropolis
NE insurance companies In 1908 hs
total income of $337S311SS. ALLOY
ing three hundred business days fl
the year, this means that these fo'
\. Companies alone pumped through Il
arteries Of New York City's finance
and business system last year u
wards Of $l,l26OOO every day. Ii
dianapolis, which is only a lit
over 1O6 miles from Louisville hi
something like twenty life insuran
companies, and the business in int
ana has been growing fast,
The amount paid for life insuran
premiums in Kentucky last year W
= 1925, S22 and the South is now pa
ing out for life insurance about six
millions OF dollars annually,
n I. l. tsW