Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1910-10-19
A WONDERFUL FIELD
FOR WASHINGTON-LEE.
A New Life Insurance Com.
pdny of Dawson to Make
d Specially of Interme-
date Form OF Insurance
Protection for the Masses Win Be
Policy of New Organization Spleen
did Opening for Energetic Organiza-
.tiOn Handling This Glass Of BUSH
ness-Will Mean Much to the
People of The South.

nesS=N1H Mean Much to the
People of The South.
During the past several years there
itas come before the attention of tae
public the organization of a number
of life insurance companies in the
Southern States, bidding for Southern
business; and it has been only within
the last few years that life insurance
stock has been purchasable, and THAT
only in new companies, and by the
great amount of publicity given them,
the remark is often heard that there
into cons ideration that there are forty
million insurable risks in the United
States, and only four million insured
the stupendious possibilities that lie
before these companies are greater
than mans mind can conceive without
a great deal of thoug1t But the most
astounding phase of the business IS
that even the Old and large companies
Of the North have made their greatest
gains within the last ten years. Fifty
millions of new business was writ 9n
in the state of Georgia last year, none
of which was of the intermediate
Glass.
Over one half of the five hundred
million dollars of assets of the New
York Life has been gained in the last
ten years, and the following statement
issued by the Metropolitan Life n
surance Co., Of New York shows Their
growth in periods of ten years:
Growth of the Metropolitan In Ten
Year Periods.
Dec. 81, 1S99-Income for the year,
$8,725, 1876; assets at end of year, So,
597,46S; surplus at end OF year, ST.
597,1S3; number of policies in force
1852, 432; insurance in force, $204,-
816.521.
Dec. 81, 1899-Income for tie year
$2S, 79S,714; assets at end of year, 1899,
$51 ,070,S40; surplus at end of year,
1858, 479; number of policies in
force, 4,9SO,704; insurance in force,
$8OO,5 .OO9.
Dec. 81, 1909-Income for the year,
$84 796 ia; assets at end of year 1909,
$277 ,107 1858; surplus at end of year,
1902, 219; number of policies in
force, 10,62l,6 79; insurance in force,
$2,O41 ,951 700.
This statement of the Metropolitan
gives a better illustration of the pos
sibilities of the Westinghouse Life
Insurance Company of Georgia than
any other report that might be pre-
scented, as tie Metropolitan caters to
the business of the masses, and not
the people of means, their great VOL
ume of business being in small pol
icies The number of policies in
force on December 31st, 1909 equal
ten million, six hundred and seventy
nine, their industrial department hav-
ing written in that year two hundred
and ninety-two million, three hundred
and ninety-four thousand, three hun
dred and fifty-eight dollars.
The intermediate form OF policy Of
the Washington-Lee Life Insurance
Company Of Georgia is similar to that
written by the Metropolitan. Their
field in tie South Is virgin.
Great consideration should be given
this new company for the work that
they are about to enter upon. 1t Is
work that means much to our people,
and when it is we'll under way will
greatly reduce the misery, suffering
and the number filling our poor
louses.
An institution Of this character
though commercial, yet strews AMI
spreads endless good, and becomes a
great public benefactor,