El Paso herald. (El Paso, Tex.) 1901-1931, 1920-09-15
CHANCEFORA
BIG COMPANY
FOR Ell PASO

"El Paso is on the threshold OF be-
coming the home OF one OF the great
est financial Institutions In the coun-
try" declared Allen =. Rodes. presi-
dent OF the Two Republics Life In
surance company.
IAN we need is ability to dispose
Of our increased capital stock TO give
us capital enough 20 operate IN the
various states. There is no question
about getting the business We are
enter various states
~As an example: The city Of Hart
ford. Conn. last year through its life
Insurance companies alone, received
handling OF f16.682.672. mostly out
side money. paid in premiums to the
companies located there.
Newark. New jersey. handled
S18Z67s,S30 in life insurance pre-
miums last year.
Springfield. Illinois. a city not as
large as FL Paso. derived the benefit
or having S18.S21.19f in premiums
pass Into the treasury OF its com
panies last year
brings Money Here.
what would 10 mean 70 FL Easo
to have that much money coming int
it annually A dream you say2 Wen.
hardly
''The Republics company last
year put into effect its new sub
This means that it sells life insurance
to a great many men who have here
tofore been unable TO secure iusur-
ance protection because OF some
physician aflment or disability. This
does not mean that it viii insure
dead ones. but Il does mean that 1t
has sufficiently accurate statistics in
a great many cases to enable Il to so
value the additional risk, by reason
OF physical impairment, as to make
certain that its average yearly death
losses viii not exceed the expected
deaths as set forth IN the tables Of
mortality statistics used in writing
standard business
Easy To Get Business.
by reason Of this new service IT,
lons from agents all over the United
states, representing companies from
the largest TO the smallest, offering
TO submit business ranging from an
occasional case to a production Of
million Of insurance per month, also
offering 20 buy stock in the company
provided they are given a contract TO
write business for us.
"A letter today from Pennsylvania.
from a man representing q big com
pany. asks II he may represent rs IN
his district and says he can produce
a very satisfactory amount OF bust
ness from his state
From South Dakota comes a let
ter from a business man who states
that he has stock in three industrial
corporations and two life insurance
companies and that hereafter he pro-
poses to confine his investments 10
life insurance stocks in promising
young companies He asks II he can
buy some OF The Two-Republics
stock.
More Capital Needed.
Here IS the rub:
In order to DO business in PennsyI- I
vania- for example, It is required by
law that a company have at least
Republics has only SlI5.00e. We had
sf2.500 in stock subscribe In Phila- Z
delphia not long ago provided We
would make a contract there for the I
writing OF sub-standard business. In /
California there is a 100000 capital 4
there IS a departmental ruling re- I
curing a minimum OF $4,000 surplus
and so on
IN order TO reach out and get this
new business that IS waiting for US
and bring il 20 FL Paso-We must in
have decided on We want 70 place
This stock at home because we want
Fl Paso people to control this FL Paso
company.
VIII Aid FL Pare.
There IS no other Insurance com
1any domiciled here We are now
completing a building which s. a
credit to the city We expect IN the
years 10 come to be the means OF
financing many such buildings TO
meet the requirements Of Greater FL
Paso.
I'VE pay, every year. q considerable
sum OF money through the chamber
lf commerce towards the securing Of
new enterprises for FL Paso- WHAT
reason could be advanced for not put
dng over a company already here
which VIII undoubtedly bring IL the
money with which to finance new
Our company IS grow
nE fast As against a total income
lf $3.50, 6s5 fin 1913, our income for
sight months ending August 81. 1920. u
Is S179.96I.20. As against S5.475,184
insurance in force December 81 1913,
We had S5.605.762 in force August 81.
1890. We viii close 1920 with $4,000
boo in force at the rate We are going
The Yerkes 40-inch telescope is the
argest refracting instrument IN the
world