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 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 a great
life insurance company for the South.
with headquarters in Kentucky. IL
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
FIVE years ago the announcement
would have met with scant welcome.
To-day il seems TO have been receiy.
ed with a eordiality not unmixed
with enthusiasm Men recognize in
it sn agency Of benefit for both Ken.
lucky ano the South aud consequent.
~ e personal TREND.
The moment the swadhng clothes
we're ripped of the Citizens National
Life Insurance Compsuy-an organ
nation which Is TO have g., 900, 900
Of capital stock aud s., 900. 900 Of
surplus people began to lift up
their heads aud take notice. Since
tieo. IL Is declared. letters aud
kilograms have poured in on the
promoters from every section Of the
Souih-actually wishing Godspeed
10 the enterprise That the interest
has not been limited to merely YER
bose sentiment, is demonstrated by
the substantial financial support
proaered with every arrival OF the
mail.
The mAu who is even more than a
casual student Of current events is
Impressed when introdccd to the
marnitude Of the life insurance bus
iness IN the United States Out Of
apparently bevildering volumes Of
statistics he can readily gain. how.
eyer, a conception, dazzling in i'm
! pressiveness aud particularly useful
10 an Understandable contemplation
q the real meaning Of the territory
fouth Of the Mason and Dixon line
pf the establishment therein Of the
Proposed Citizens National Life.
It is we'll to bear in mind that the
East in particular has until most
recent wears enjoyed what may almost
Dc described AS a monopoly Of the
y ife insurance business. While East
rDer- have drawn with tremendous
profit to themselves the money from
southeru policy holders, they must
lso be credited with possessing
Increasing faith in life insurance.
In 1873 the total amount in pol
cies reported to the New York Insur-
nee Department was 81, 0S6, OF, las
his fetal had increased at the end
( 1905 to go, 623, 733, 1855. New
ork City's life Insurance assets
aggregated in zoos l,725, 900, 900. |
Hartford, Conn, has a population
50, 600. 1t had life insurance
sse,s in 1908 Of 5000, 900, 900. !
Montpelier, w., has a. population of
600, and in 1905 had life insurance
ssets of s44, 600, 500, or s6, 42s
Ter capita. These figures, however,
% not convey their full Significance
4intil contrssted with Lopisyille's
aggregate life insurance assets in
9s9 Of about ~, 900, 90 with a
population $50, 00O..
There is no end to the evidence
hS life insurance business is profit. |
bic for community. We are want
b turn eternally to New York when
be study things financial. Cue