The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1912-04-11
'PAN.AMERIcAN LIFE.

PAN-AmER1CAN LIFE.
What is here said 1T the remark.
able success of the new southern
1T" insurance compuuy-the Pan
American of New Orleans-is said
becaase Of the association with it Of
ure of farmington's former resi-
dents, DR.. r.. &. simmons. and the
successful factor ne has been in its
promotion. 1t was chartered under
the laws of Louisiana and capital.
lied at 81 10000 and a surplus OF
SIjO,OOO. Little over a year ago
Boone, simmons d Co, as fiscal
agents, undertook to place the stock,
and 1t is perhaps the first time in
the history Of insurance companies
where sl,75O,000 worth of stock was
successfully placed in SO short a
time and the company put into prac-
teal working order. So satisfac-
tory was the work of Or. Simmons
and large the confidence reposed in
him by the principal capitalists who
started the enterprise, that he was
made director of the company,
elected vice president and placed in
charge as general agency manager
With II full paid-up capital and sur
plus the company began to write in.
Surance on the first Of this month,
but in the meantime had been nego-
tiating with the Louisiana National
Assurance Company, which carried
over Il half million of insurance,
for the absorption of its business
aud assets. This was accomplished
last week, and to-day the Pan. Amer.
lean finds itself within u few days
from the date it began to do bust
ness with over five millions of insur-
ancc IN force, and new applications
for insurance aggregating $500 900.
At the close Of the first year DR..
simmons estimates that the com.
pauy will have $4,000, 900 of life in
surance In operation. This is not
perhaps Il too optimistic expectation
from what is here set forth In an ed.
it0ral of the New Orleans Picayune
THE announcement that the Pan !
American Life Insurance Company, !
which was organized just one year
ago and which includes among its |
stockholders most of the leading !
business men aud linanciCTs OF this |
State aud of the South, has widened |
its scope Of usefulness by absorbing |
by consolidation the Louisiana Ma |
tional Assurance Society OF this |
city, is matter of great Importance |
10 the entire community. The Lou |
isiana Assurance Society has al |
ready established fine business |
while the PanAmerican possessed |
a big capital and surplus, so that
the merging of the assets of the two |
companies provides an unrommonly |
strong corporation, backed by vast |
banking aud commercial interests, |
and, therefore, calculated t. inspire |
the highest degree Of confidence.
ether" is a great field in the /
south, as well rs in the Latin
American countries, for whose bus
mess the Pan. American proposes 10 |
cry reason to expect that the new
company resulting from the GOInbi-
nation of two strong corporations
will sccur" it, full shur" of bust. /.
ness. Lii" insurance H. largely II
matter of confidence and the com. i
pauN that inspires the greatest feel. II
ing of security il its stability and II
strength Is sur" To- reap rich rewards. II
The most powerful financial inter Il
eSts Ia the South are back of the
new combination, 50 that the Pan
American Life Insurance Company
will be able to offer quite as strong
companies in the business, particu-
larry in its chosen field-that is, the
southern territory and the Latin.
American countries.
THE Picayune is always glad to
herald the success of any local en-
terprise, hence ii extends its con.
CALCULATIONS on the contamination
of an arrangement which insures an
even higher degree IF success than
could probably have been attained
by separate existence had the two
merging companies elected to re-
main apart and compete, instead of
their energies. -
Lame shoulder is nearly always
due to rheumatism Of the muscles,
and quickly yields to the free appli-
cation Of Chamberlain's Linimenti
Foo, sale by city Drug Store.