The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-01
six Story Structure VIII be 50
Constructed That it VIII
CarryTen More Stories
SOUTHERN CONCERNS
GREAT PROSPERITY
Surplus OF Assets Over Ii
billties Now NearS One
and a Quarter Millions
of Dollars

Digging Of the foundation being al
most finished actual work OF con-
struction on the handsome fivestory
and basement. office building of the
Life Insurance Company Of Virginia ut
the northwest corner Of Capitol and
Tenth Streets is expected 10 begin the
early part OF next. week The build
ing will be erected by George \. Full
Ter and Company. of New York, 10
whom the contract MAS let some weeks
ago for ii figure bordering ON s5oo,-
Geo. With foundation of reinforced
concrete the structure viii be steel
frame. with sufficient strength at the
base for ten additional stories which
the company proposes to add. later, as
its business expands.
The building will front $50 feet on
Csptois sSIreetp. " llh. 3. 6aptee ssS~ 40 1sss
long Tenth Street. and on each of these
facings, Indiana limestone viii he used
embeilished after the corinthfan style
Of architecture. Highly polished brick
will be used on the other sides. ON
the rear there will be a fire escape
and also an outside staircase In addi-
tiou to a stairway on the interior. Two
elevators viii he installed. with pro-
vision for two more. IL they are found
necessary
High as City Hall.
The building Will be about the
height of the city hall. located Just
across Tenth Street. ana Will have a
commanding View OF the beautiful
State capitol grounds. If all goes
well, it will be ready for occupancy
next spring, NJ which time the COM
pany will yacate its present quarters
I'M tine .ntvgrfsYf ffottst 'fsufitfffg off tffts
southwest corner OF Broad and Tenth
Streets. and directly In the rear Of the
site OF the new building. II is the
present Intention of the company to
lease the Wolverton for general offices
or other business purposes after it is
| vacated. and it is likely that its ada
| cent property ON Broad Street imme-
dtately to the west Of the Wolverton
will be improved with the same end
| in view
! Plans for the new building. designed
4 by Clinton and. Islssell. of. New York.
! were approved day or two by Build
! ing Inspector Beck. who at the same
( time issued a permit authorizing cree
/ ton of the building.
4 Doing Fine Business.
I The Life Insurance Company of Nir-
ginia is n fiourishing institution Or
ganized in Richmond about n quar-
! ley Of a. eeatary aye, To-day" II" is
doing business in Virginia, West Nir-
/ ginia North Carolina. South Carolina
!
! District of Colubia, The presiding
genius of the company is MIR. John G
| Walker. it's president. Other officers
/ are
/ John c. Walker, president; T. Wm
Pemberton. first vice president. W. l.
/ T. Rogerson. second vice president;
+. II. Harris, secretary. II. Cabel
fnbb. NJ. D., medical director; -Johr
Sidney Davenport. Jr.. actuary: Regi-
Il sta.a Z sstsssssTfef, a - Hurt
auditor; r. Il. Pegram. supervisor;
Frank Organ. supervisor; +. Il. Hall
superintendent or ordinary agencies
:, w. w, Archer. editor THE Virginia"
Coke & Pickrell. general counsel
Directors; John G. Walker. t. VIM
1 Perlberton, ". l.. T. Rogerson, join
G. Hayes. A. S. Hurt. Fairlie +
Cooke. Landon G. Rose. f. p. Harris
Landon r. Walker
These Figures Talk.
The financial statement at the close
of 1910 was as follows:
Assets.
Bonds and Mortgage
Loans on Real Estate $4.593. 37.fs
sRailroad and Street
Railway Bonds MAR
keD ............... s25.sIs.ot
estate Bonds market
value) ............. 143.tas.7,
municipal Bonds MAR
ket Value, ....s... iss1as.ss
.Miscellans ous Bonds
Market yaiue) .... sg,r25, 90
Real Estate Market
Value lSs,ssS-Os
sltBank stocks Mar
u I. mi .ysiuel s..s 5s.Sl5,ea