The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1911-08-10
81 900, 900 IN STOCK
TAKEN IN 4 MONTHS,


The following from the New or.
leans Herald is interesting because
Of the fact that DR.. + 6, simmons,
formerly of Farmington, il one Of
the firm Of Boone, Simmons d Co.,
the fiscal agents of the Pan Ameri-
can Insurance Co., which has been
placing its stock, and who has had
much to do with the success Of the
company:
No better evidence OF the sound
financial status of the people Of
New Orleans, of Louisiana and OF
Mississippi, or of the confidence
placed by Southern people in their
home enterprises when managed by
capable men, can be found than the
remarkable showing made in the or
ganization OF u new life insurance
company in this city.
The particularly interesting fea-
ture OF this organization lies in the
rapidly with which its stock was
subscribed for by the people OF
Louisiana, Mississippi and Central
America, 1000, 600 having been
taken in less than four mOnthR-this
being two months less time than the
most sanguine Of the incOrpuraturs
expected would be required.
Organized Less Than Six Months.
On March 2S of this year the Pan.
American Life Insurance Company
was organized and it's charter filed,
hearing thirty-twO signatures, whose
subscriptions amounted to SgI 200.
The officers of the company are:
crawford II. Ellis, president; :.
Locke BreauX, W. y. Thompson
and 4 Dumscr, vice presidents ;
James l.. Wright, secretary; +. NJ.
Lumberton, treasurer; Eugene J,
Mctiivuey, counsel; j. Is. Sinnott,
Lynn II. Dnkins. II u. Schr"iher
aud Frank Cameron, directors. The
fiscal agents with whom a contract
was made for placing the stock ar"
Boone, simmons u Co., experienced
life insurance men, who have with
them corps Of 10 pratical life in
-urance agents.
First Offer OF Stock April 5.
On April ) the stock was first Of
lcr"d to the investing public through
is fiscal agents, Boone, simmons
u Co., and at the close of April there
were ~ subscribers aggregating
sos, 800. At the close Of May this
had been increased to IA subscribers,
aggregating S40G 900, and at the close
Of June TO l,l19 subscribers, aggre-
eating Sj9l 40.
The month OF July, however, us.
ually considered "A dead month
from Il business STANDPOINT in the
Southern States, proved the greatest
surprise of all, over S400, 900 worth
OF the stock having been placed
bringing the total up to 2,0ll sub
srrihers, jO,0 shares, 81 900.
President Ellis Tribute.
President Ellis of the Company
Wednesday made the following
statement regarding the rapid growth
Of the corporations:
"Thr Unprecedented success of
the Pan. American Life Insurance
Company in placing IA million dol
lars of its capital stock and surplus
/ in less than four months time Is
T particularly gratifying to me.
at not only serves to demon
/ stratr the ability of our people t.
/ handl" "A large proposition of this
/ character, but when We consider
that about $500, 900 was placed in the
/ Latin-American countries, cmbrac'
| ing British Honduras and the Re
| publics Of Guatemala, Honduras
Costa Rica and Panama, it shows
their confidence in our enterprise
| In giving 1t their support.
This means the bringing to Louis
lana Of 100000 of outside capital
and from section of the country
where our business houses are max
ing every effort to build up perman
ent trade relations.
1.-The Pan American will now he
gin the sale Of its second issue O
10000 shares, and expect to place i
with the same facility as its frs
10000
1--WE expect to begin actual bust
ness shortly after January |, 1912
with our capital and surplus fully
subscribed.