The Washington herald., 1912-03-21
BENEFIT
SYNDICATE PAYS
ANNUAL DIVIDEND
in Organizing First Old
Line Legal Reserve Negro Life
Insurance Company in World.
Headquarters Are Established in
Washington.

Announcement is made Of the payment
Of the third annual dividend by the Ma
tional BENEFIT Syndicate Committee of
600 street northwest, amounting to
3, 200. being the net earnings on the cap
ital OF the National BENEFIT Syndicate.
which has thus far been paid in by the
subscribers to the shares, and which has
been invested by the committee in high
grade Understanding government, State.
municipal. and first mortgage. corpora
tion bonds and divldend-paying stocks.
This win be OF particular interest to
the 500 shareholders now Of record. as
wen as those who are contemplating be-
coming interested in the project.
The National BENEFIT Syndicate Com
mittee Is actively engaged in the organ
ization OF the first old line legal reserve
negro life insurance company in the
world. The hearty cooperation which
the men and women who are active in
the commercial, educational. and profess
sional phase Of negro life In the United
States are according this undertaking
justifes the expectation OF an early COM
pletion OF the organization work, and
the beginning OF the actual work Of in
suring lives.
In a remarkably short time over one
half Of the capital required to begin the
business Of life insurance has been raised
and paid into the treasury OF the COM
mlttee.
The personnel Of the National Benefit
Syndicate Committee includes the officers
and the directors OF the National Bene-
fit Association. OF this city. The pro-
nounced success OF this association as
the leading negro life. health. and acci-
dent organization OF fits kind Is Of ma
tional fame. For eight years the Nation
al Benefit Association has paid annual
dividends OF 10 per cent.
II Is but natural TO expect the old line
legal reserve life company which the Ma
tional Benefit Syndicate Committee Is or
ganizing will be just as successful Of
ficered by the same men who have made
the National Benefit Association such a
substantial and successful company.
II is a matter OF record that the Ma
tional Beneft Association has deposited
Jointly with the insurance commissioner
of the District of Columbia and the in
surance commissioner Of the State of
Maryland. fifty thousand 050000 dollars
in high-grade bonds for the protection Of
all poiicyhclders. No other insurance or
ganization making a speciality Of the in
surance OF the lives and the health OF
negroes has equaled such a record since
the new District requirement went into
effect, and few Of the companies taking
other risks can boast OF a similar COM
pliance with the District code.
The president Of the National Benefit
Association is DR.. Robert W. Brown. and
the secretary and treasurer is Samuel W.
Rutherford. They are also respectively
president and secretary and treasurer of
the National BENEFIT Syndicate Commit
tee.
Insurance companies are recognized
the world over as great influences for
the benefit OF mankind as well as the
MOST profitable forms OF private enter
prise. Such a deserving as well as profit
able project as that which the National
Benefit Syndicate Committee is engaged
in is worthy OF the hearty cooperation
and financial support of every one in
terested in the material advancement Of
the race.