The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-01-20
A REMARKABLE SUCCESS.

tlGIHsifftttlULL UUUVLuUs
Some interesting Details lin Reaars
to Record Made by New or!ean.
Casualty ompany-Licensed II
March, 1911. IT is Doing an Ex
ceIIent Business-Brilliant Pros
poets Ahead.
Under the above caption, the Com.
mercial and Financial World. a, New
York publication of high rank and
wide circulation, published in it's is.
sue OF Dec. 80 a very complimentary
Write-up of the New Orleans Casual.
ty Company, the Interesting article
being illustrated with excellent half
tone likenesses Of r. N. Sims. presi-
dent OF the company, and Caskie r..
sNorvell, general agent. The sub
Joined extracts from the sketch will
prove of interest locally:
In no department of human en-
terprise is competition SO keen at
the present day as in that of life
and casualty Insurance New ideas,
new methods and new plans are CON
tinually being originated, and in
cessant progress is the order of the
day. For ideas and improvements
that are valuable as well as new
there is speedy and liberal recognl-
ton among intelligent people
The departments into which the
business is usually divided are La
bility, boiler, accident and Shealth,
plate glass, surety, fidelity, burglary
and credit. The magnitude of the
business can be appreciated when it
is stated that in America alone the
premiums aggregate more than $685.
100000 annually. Upwards of sixty
companies in America alone are
transacting one or more of the diff
ferent casualty and surety lines,
many companies being engaged in
only one branch of business, while
other companies transact from six
to twelve kinds.
An institution that is making for
itself a remarkable record in this
field is the New Orleans Casualty
Company, Of New Orleans, La.
This company was organized I'M
der the laws Of Louisiana, and Ii
censed to write liability and person
a accident and health insurance on
March Z, 1911. t has a paid-up cap
tai stock of $4,000 and a surplus
of ,s3 ss377,5o0, and its assets are fast
approaehing a quarter million
!; ~; . 8 asla faat.
to official records, tI1at this company
has. during its first hine months of
business, written more insurance
than the average company Of its
kind writes during its first two years,
and at an expense ratio of one-third
that of the average cost.
Another remarkable thing about
this company is the fact that it
never issued a prospectus, never en-
ployed any stock statesmen, and never
paid any commissions for selling
stock. Every dollar of the stock
was personally placed by Caskie E.
Norvell, who is now the general
agent. 1t is needless to say that he
S one of the ablest, best posted and
most popular men ever identified |
With this line of business.
.tThe list of officers of the COM
,any is as follows: R. N. Sims, presi-
lent; H. NJ Pool. first vice-presi-
lent; John Dibert, second vice-pres-
dent; Horace BrowneIl, secretary;
nd E. G.. SWartz, treasurer J,
President R. N. Sims is one of
he most Influential residents of the
tate and is looked up to and re-
peeted by everybody.
.The manager is Edwin Shelby,
Fhp is a practical underwater Of
3ng. experience-tne right man in
le right place.
mo American insurance company
yer started business under more.
svorable conditions and. auspices
ian this one; none is under more
or trustworthy manage
ent; none offers better value to
S policy holders, and none is more
Istly entitled to complete public con- .
dence or has brighter prospects for
e future. It is the only institu-
On of its class in New Orleans,
i'd its record promises to consti- :
te brilliant chapter in the history :
that ancient and famous city. 1