The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1910-01-05
The North Carolina
Mutual and Frovi-
dent Association.
The Largest and WeaIthiest Negro lnsur-
anee Company in the WorId-Do Over
100000 Business AnnuaIIy-0wns
Handsome Buildings.
Durham, n. G., Daily Sum-

Durham has many big things to boast of
and she moves along lines that accomplish
something. The Sun has frequently men
toned the North Carolina Mutual and
Provident Association Of this city the
largest Negro insurance company in the
world-of which John Merrick is the foun'
der and President; DR.. A. NJ. Moore, Score
tary and Treasurer, and C.. G.. Spaulding
Vice-President and General Manager.
What is it doing?
1t is doing one Of the most laudable
things in the world for it's race. 1t Is pro
viding a practical financial relief for those
who leave children, wives and other mem
bers Of their family. 1t is doing a business
assets and profits it is a potent Durham
builder, which is a credit to Durham negro
minds and citizenship. 1t Is a force of ex.
cellent example and progress, which COM
mends itself to the negro race in every
State, and not only the negroes, but it is
an example the white people Of Durham
point to with pride, as it is negro advance
ment along elevating lines. The negro
should be more than proud of such results
and every last one Of them should be in 1t,
and thus help on the work Of development
and advancement. The business last year
amounted to S187,00O. This year it will be
over $500, 900. 1t does a large business in
South Carolina. 1t has a handsome build
ing in Columbia, Sc. and owns a valuable
lot in Florence, S. c., upon which it will
soon erect a building. It expects to go
into other States, and it will benefit the
negro wherever it goes, for it inculcates q
spirit of saving and providing, and self
respect, and this spirit always improves
the Negroes condition when he gets hold OF
that idea.
1t is the oldest negro company doing the
old line business, as well as the largest and
wealthiest company in the world. The re-
port for the year of 1908 on the business OF
all insurance companies both white and
black on the total to protect contracts was
$40, 1852 OF this amount the n. G. Mutual
and Provident Association, Of this city is
something Of it's business and its standing,
It is a source of satisfaction to all Durham
ties to know that a negro Durham institu-
ton stands we'll in South Carolina. The fol-
lowing report has just been made, by the
Commissioner of Insurance, OF that State,
based on the legal reserve whose agent has
been here and examined the business thor
oughly, and inspected the block Of hand
some buildings:
Columbia, S. c., Dec. 10th, 1909.
The North Carolina Mutual and Provident
Association, DuTIdm, N.
Gentlemen take this opportunity OF
saying to you that I was highly gratified
by the report which Mr., Phillippi brings to
me of your company and it's management,
I can but feel that If all other companies
are put on the same basis as yours that it
will mean a great deal to industrial insur-
ance in North and South Carolina, and es-
peclally great benefit to the negro race.
Very truly,
F. 81. MoMaster,
Insurance Commissioner.
Our own Insurance Commissioner, Hon.
James R. Young, in a letter to. the editor Of
Sun, considers the N. C. Mutual and Provi-
dent Association "one Of the best conduct
ed associations operated by and for ne
groes. l have always found the officers of
this society to do what is right and to con-
form with the law"
This association has the highest endorse
ment Of all classes of our white business
men, and in face of the splendid record 1t
is making, it should inspire the negro race
everywhere with new zeal for their better
ment and high purpose to help themselves
as we'll as their race builders.