The Dawson news. (Dawson, Ga.) 1889-current, 1910-08-10

have been asked concerning the
Washington-Lee Life Insurance Com
pany of Georgia; questions concern
ing the power and ability of life
insurance companies, the capability
for earning dividends at an early
date from the time of beginning bus
mess; questions as to how life in
surance companies are conducted;
questions as to the security of life
INSURANCE companies and many
other questions from people de-
string information as regards our
home company. 1t is impossible for
anyone to have a thorough UNDER
standing of the magnitude of this
business without investigation, The
confidence of the public is thorough
Iy established in the officials and of
ficers of the Washington-Lee Life In
surance Company, and that conf
dence is backed up by a large
number of people who have invested
their money with the company.
1t can be said without possible
ity of contradiction that any man
who thoroughly investigates the bus
mess of life insurance and every
point concerning Legal Reserve Life
Insurance Companies can back each
point with absolute proof. The laws
of each state regulating life insur-
ance companies are compulsory, and
demand that twice each year every
company shall give a complete state
ment concerning every detail of their
business. These statements are filed
with the insurance department of
each and every state, and are open
for the inspection of the public in
addition to being published in the
newspapers of each state and in book
form by insurance publishers. Let
us deduct and form a conclusion
from that deduction. In the pr
thirty years, as state ~ tha penaFt
OF 9gadstFeet'g, there has not been
sinSie failure OF legal reserve
IRE ihsAr&hee company, The con-
elnsi8A is, then, that certainty IS
Guaranteed. The next question con-
Corning certainty, why legal reserve
life insurance companies do not tal.
is because of the rigid laws and the
mathematical and scientific basis up
on which they are conducted, and
these laws are as infallible as the
human mind GaA conceive. The next
question, why or how are life insur-
ance companies able to make the
great and tremendous sums of mon
ey they do, is answered by the
fact that a life insurance company
has no product to manufacture
and has no expense until such time
as a man takes insurance and pay:
for it. Life insurance companies are
not affected by panics for the reason
that demand calls cannot be made
upon them as with other fnancia
institutions-that is, its obligations
are due in the future, and thu
amount of money necessary to pa.
those obligations is invested and de
posted at the present.
AS regards the dividend earning
power of an insurance company, /
was fully explained in the columns
of this paper a few weeks ago. An
other question asked many times is
How long does it take an INSURANCE
company to pay dividends? The an
swer is that every insurance cOmpa
ny can pay dividends by the secon,
year of it's business, and many tn
first year; and we arrive at the con
clusion that this is far better thai
any other commercial enterprise
as it is very difficult for an
other kind of business to pa
dividends to their stakeholder
at the beginning of their business
AS a matter of comparison let u
use the illustration and comparison
of a bank, which comes nearest il
some ways to that of an insuranc
company. A bank starts out wit
its capital stock in the same manne
as an insurance company; the bank
after opening, then depends upol
the public for it's deposits, and wha
is the situation that we then find
When the bank has opened, sold it
capital stock and receives its depos