The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 16, 1906, Image 19
TIIE ATLANTA GEORGIAN.
SAlTItMAY, .11M:
[general insurance news
WHY STOCKHOLDERS WANT
LIFE COMPANIES
POLICYHOLDERS KEPT OUT
M'
ANY person* do not understand
why the stockholder* ot life In
surance companies are H
strongly opposed to control of the
Issnclal policy of those companies by
poilcvholders. This will be better ap
Seriated by an examination of the re
urns secured by stockholders in those
companies under the present methods
which the New York law. has sought to
wodlfy. .
Life Insurance stocks are very valu
able assets. They are unlisted, not
conmmonly for sale, and are closely
held by a few people, crowing more
valuable year after year. The follow
ing quotations on stocks of various
Insurance Company
if Hartford—Incorporated with an
original cash capltnl of 165,000. This
wts Increased at various times to j:,-
ooo.ono, all but the last 1150,000 being
made by means of stock dividends. The
original Investors of 165,000 have 11,-
750,060 of stock to show for that In
vestment. The dividends are 11 l-l
per cent per annum, and the value of
the stock In excese of 1400 per share.
Original Investment of 1100 now worth
110,100, besides cash dividends amount
ing to 11,184 and present annual divi
dend of lit 1-1 per cent on Invest
ment.
The Prudential—In 1880 Its capital
vss |l»fl,000. Since that time the cap
ltnl has been Increased to 12,000,000
by stock dividends alone. Since till
It has paid to date yearly dividends of
lioo.ooo, or 10 per cent. A man who
paid In 1100 originally for one share
nmv holds 12,200 (21 shares). This
■lock has sold as high as 1850 per
•hare. Therefore, 22 ehares would show
a value of 111,(50, and yearly dividends
of 220 per cent on the original Invest
ment Of 1100.
Metropolitan—Original Investment of
ilere—Originally capitalised at
>ck dividends
1260,000; Increased by stocl _
to 11,000,000; stock reported at 1(00 a
share, of 11,100 for original Investment
. rovident Life and Trust of Phlla-
delphia—1500,000 paid In; since doubled
out of earnings- Bona flde sale of stock
at 1771 a share, or 11,550 for original
Investment of 1100.
The record of many other companies,
such as the Bankers', of New York; the
SHOT OFF LOANS
HAVE BEEN CALLED UPON BE
EDITORS OF SERIIIA
T FEAR KING
THEY CRITICIZE THEIR NEW
RULER IN EDITORIALS
THAT SIZZLE.
CAUSE OF SAN FRAN
CISCO FIRE.
Manhattan. Union Central, etc, migl
* — — - • i|||
results. In fact, the average of the
twenty-eight stock companies of the
United States shows the original In
vestor of 1100 has received a total In
cash dividends and stock In hand of
112,000, with, at present an average
dividend of 100 per cent on original
Investment.
While such results cannot, of course,
bo obtained by new companies, the be
lief that life Insurance stock In a well
managed company, under old lino
methods, Is n safe and prorttnble In
vestment Is dally attracting the atten
tion of local capital in the South and
has already resulted In the formation
of a number of companies under strong
conservative management, which have
undoubtedly fine futures ahead of them.
Among these may bo mentioned the
Cltlsens' Life of Louisville, the Empire
Mutual Life and the Southern States
Life of Atlanta, the Volunteer State
Life of Chattanooga, the South Atlantic
Life of Richmond, the Security Life
and Annuity of Greensboro, and others.
PERSONAL NOTES OF INSURERS
Edson C. Price Comet,
recent addition to the ranks of
Atlanta fire Insurance men Is Edson C.
Price, who, for ten years past, has been
IV g, 5UI ion Ji ui n lie*.-) uccil
local agent at Goshen, N. Y„ and
ho now makes a connection with the
progressive local agency of Haas A
.MacIntyre. Mr. Price is an expert In
former agency
In order to remove to Atlanta, where
(here Is a wider Held for hie efforts,
housing his new home on the ground
that It offered better opportunities than
any other city In his special line. Mr.
Price brings his family to Atlanta with
him.
In Georgia and Alabama. The com
pany wrote over ti.ooo.ooo. of new
bu
business during the first month.
E. W. Pennlman a Visitor.
Vice President EL W. Pennlman, of
the United States Surety Company, of
Baltimore, Md„ was this week a visitor
to his Atlanta general agents, J. L.
Riley A Co. Mr. Penntman’i'company
only recently entered Georgia for busi
ness, but states that the return* al
ready have been very good.
No State Legislation.
Comptroller General William A.
Wright Is authority for the statement
that It Is not probable any' laws will
come before the next legislature affect
ing life Insurance companies and pat
terned after the recent New York
enactments. Mr. Wright Is of the
opinion that these laws have not been
sufficiently tested yet to prove their
efficiency, and the legislature has so
much work before It now that such
bills would not be reached were they
Introduced. In addition, the reforms In
New. York will have a direct effect,
more or lees, upon life Insurance meth
ods In Georgia, whereby the same
good effects will follow as have been
secured there.
Direct effects of the San Francisco
conflagration are already being felt In
Atlanta, through the action of several
well-known life Insurance companies
during the past week In ceasing
make loans on real estate or other se
curity to a large extent. The North'
western Mutual haa taken this course,
and also the Travelers' of Hartford.
It Is understood that the Penn Mutual
has also ceased making loans, except
upon the most advantageous arrange
ments. The reason for this Is that the
drains upon the Are insurance com
panles In the east have caused their
stockholders to make loans on real es
tate and securities in order to provide
for Ban Francisco losses, and the
lotions of the Insurance companies are
naturally such that the life companies
have been called on largely for such
loans.
It Is stated on good authority that
In Hartford the rates of Interest have
risen recently to 7 and 8 per cent, as
the companies with headquarters there
have til been called on for largo
amounts.
The Investment funds ot life Insu
rance compnnlea are, therefore, natU'
rally attracted there.
DRAWING MATERIAL
Architects' and Engineers' supplies at
* Moore A'Sons', 42 North B
EXCELLENT SERVICE TO
WRIGHTSVILLE BEACH,
NORTH CAROLINA.
During the months of June, July
nnd August the Seaboard Air Line
Railway will operate on Its train leav
Ing Atlanta at 9:36 p. tn„ every SAT
URDAY, a through sleeping car to
Wilmington, N. C.; returning the
through sleeper will leave Wilming
ton ot 3 p. m.. arriving In Atlanta at
6:30 a- m„ Friday. Arrangementa
have been made with the street rail
way people at Wilmington to have
cars ready at the depot to Immediate
ly transport passengers to the hotels
at Wrlghtsvllle Beach. Baggage will
be checked to destination. WEEK
END rate, good for live days, $8.25;
SEASON tickets, 918.66.
SEABOARD.
Eglsiton Is Honored.
General Agent Thoms* Egleston, ot
the Hartford Insurance Company, was
MISS UNTERMYER TO WED
__ jpan..
this week chosen president of the Cot
ton Insurance Association, of Atlanta,
ed in ordsr to give his full time i
new dutlea as president of the South
eastern Tariff Association. Mr. Egles-
ton Is regarded as one of the highest
authorities on cotton insurance In the
South.
Csllins and Caldwsll Visitors,
.special Agents George Collins, of
the Norwich Union, and B. T. Cald
well. of the Westchester, were visitors
Mi week to the office* of Edgar
Dunlap, who represents those com-
runlea locally.
Cliff C. Hatcher Out of Town.
President Cliff C. Hatcher, of the
llatrher Insurance Agency. Is spending
the week-end at Atlantic Beach, where
his family are summering, and will
•eon leave Atlanta for a month’s stay
at that resort.
Kirkpatrick in Birmingham.
Walter W. Kirkpatrick, well known
In local Insurance circles In this city,
ha> been appointed to take charge of
the Held of General Agent W. J. Dan-
calx, nf Birmingham, during the tern-
r»rary absence of the latter In Europe
fir the summer. Mr. Kirkpatrick will
•upervise the business of the company
In Louisiana. .Mississippi, Alabama,
Georgia and Tennessee.
70 Per Cent Dividend.
W. p, Pattlllo, local agent at At
lama of the Southern Mutual, of
Athens, has received notice from the
company that the annual dividend this
year will be'70 per cent, the largest
"»r paid by this company.
E. G. Walker Out Again.
•Tty Superintendent EL O. Walker,
"I the Travelers' Insurance Company,
who has been III tor some weeks past,
I* asnln well enough to be on the
tirwt once more.
Dargan In Virginia.
President J. T. Dargan, of the At
l»ma- Birmingham, was In Virginia this
Douglas a Visitor.
General Agent .William Douglas, of
charleston, B. O., was a visitor to At-
i'hta this week. In attendance upon
the meeting of the executive commlf-
t»* of me Southeastern Tariff Asao-
rlation. of which he la a member.
Funeral of J. W. Cochrane.
Frank StockdelL assistant general
•Cent Of the Phenlx. of Brooklyn, went
to Lexington, Ky., this week to attend
ine funeral of J. W. Cochrane, late
•fecial agent for that company In Vir
ginia and North Carolina and South
.'•aroiina. Mr. Cochrane had been In
the eetwice of the company In that Held
fourteen years, and had many friends
n Atlanta. A beautiful floral offer
ee was irnt from the Atlanta office
of the Phenlx, and one from the other
°"ces here.
Cots with The Insurance Hsrald.
, Hubert N. Merck, a well-known
foung man of Oalnrsvllle, Oa., has
lij 1 thst city to accept a position with
To* Insurance Herald of Atlanta.
Diekey*s Summer Home,
J- L. Dickey, Jr.. local agent of
Queen and German American, has
"*»rted his city home for the season.
*• summering at his beautiful
f^tn'ry place, -Arden.- In the suburb#
•cyond Buckbead
Ocpcsit in South Carolina.
Manager P. C. Wadsworth,
o? Ihe Southern States Life Insurance
omreny, Atlanta's new- and thriving
“•tltution. this week completed ar-
^ngementa for the rompar '
? f '"uth Carolina, and th
4 O-iw doing bu*'"—
By RAOUL DE SAINT RENE.
Bf>rial to Tb* Georgiad.
Pari*. June IS.—'Trajan's column,
that huge lofty monument of ancient
Roman glory* I* being restored, and the
excavations at the base have revealed
Interesting facts. •
Commendatore Bonlst*, conducting
the restoration, which Is coaflui to
i-i-f 11 f the t-tilii'nn, lm* t M.il»
llsheil the fact that the Interior of the
base was Intended an a tomb for the
reception of Tralan's body. This was
shown In a plan mnde In 1510, but
Signor Bonl wished to prevent future
generations from Ignoring the fact. No
tree* however, has bean found of the
great Roman's remains. Under the col
umn were found eight skeletons, Which
may possibly be those of Romans, but
of the monaster)' of 8t.
column, which stood under It In' the
middle ages, and used the monument
as a campanile or bell tower. Another
Interesting rind wns a fifteenth century
coin ot King Ferdinand of Aragon and
Naples.
Trlbsl War In Morocco.
Trouble Is never long abarnt from
Morocco. There Is a fierce Intcr-trlhnl
struggle lr, progress In the district
known os tho Hous, between two pow
erful chlcftnlns. Katd Abdulmalk
M'tookl anti Kald Anftoos.
The fighting Is taking place InH
mountainous region thirty miles from
Mogador. Kalil M'tookl. who Is the
most powerful chieftain In southern
Morocco, Is developing a combine st
ilts. Meanwhile It Is officially
that tha Hous Is "disturbed," snd that
Is as far os official action haa been
taken.
Papers Criticize King Peter,
King Pslrr of Nervin'* head lies very
uneasy If he takes all the comments
of the Servian pres* to heart. Hero
are a few choice specimens of the kind
of criticism he. Is subject to:
"Bo you thought to govern a coun
try though you showed yourself In
capable of commanding a battalion?
We hope your eyes are opened anti
that you will beat a retreat In good
time." .
[Abominable Polypua! Our unfortu
ke It
sanguinary claws; but we will
free."
"Murder, and govern, monster! You
went to Bwltxerland to study snd re
turned a criminal. This is the morali
ty you have brought us from Geneva."
"Reptile! Brest thou, not th* looks
nf hate that follow thee In the streets?
Nearest thou not tho land fated one
day to wring thy cursed neck?"
"Mnla that hfiPTnU'Pil Mil
Mole that has borrowed so long In
this fair land, and that has arrived
at tho top, thlnkest thou now to remain
In quiet?"
On* paper, Otsdjblna, publishes the
following:
The article In which he said
our midst reeking with alcohol.' has
been pronounced wrongfully suppress
ed by the court, »• It contains no ma-
llgnment of King Peter. Our mild and
Just exposition of facts as they are
shall therefore continue."
American Colony Taxed.
The American colony In Rome Is
suffering from a tax on publicity.
The municipal authorities have In
creased the Income tax on American
residents not on any actual return of
Income, but based entirely on exter
nal symptoms of the wealth of sacli
Inhabitant. The tax agent flies all the
local society papers and aa It Is found
that the American society section like
to have their dances snd dinners noted
In th* papers, the agent simply taxes
the Americans In accordance with their
social prominence and th* luxury nf
their entertainments. The English re*.
Idtnts have learned this dodgs of the
tax collector and they keep out of the
papers.
Miss Garrison to Wsd.
Franco-American aristocratic society
le greatly Interested In the announce
ment of the engagement of Miss
Katharine Oarrlson. daughter of Mrs.
W. M. Garrison, of New York, to Count
Francis de Custeja, second son nf the
Marquis and Marquise de Casteja. Miss
Garrison Is the youngest slater of the
Countess Gaston Chandon d# Brailles,
and of th* Hon. Mr*. Chari** Maul*
Ramsay. The future countess will by
her marriage have the entree to the
most sxcluslvt society of the French
capital.
Americans In Salon.
American palmers have distinguished
themselves at the Ralon this year.
Among - the prise winner* are Aator
‘ If. O. .Tanner, each
Knight and
whom got a second-class msdri, and
an therefore debarred from further
competition, though they -can always
exhibit Mr. Perclval Rousseau, another
American artist, has been awarded
third-class medal.
Sinecures, That’s All.
Interesting facts have come to light
with regard, to the duties of the at
taches of the French ministries, which
go to show that they are more In the
nature ot a sinecure than anything
Is found that ono attache does noth
ing but open the mlblsteFs letters, a
second receives visitors, n third at
tends the debates In the chamber, an
other perforins the same duty in the
senate, another does the minister's
shopping, another I* In attendance
upon the minister's wife nnd daugh
ters, another represent* the minister
at banquets, another accompanies him
on his trnxels. another attends the
theaters, another calls at the mlnlstry
once a month to see If there is any
thing for him to do, and another alls
around all day doing nothing ami wait
Ing to be employed on what's left
over.
PHOTO. 1
Portrait of Miss Irene Untermyer, whose engagement to Louis Put
man Myers has just been announced by her parents, Mr. and Mrs. Bamuel
Untermyer.
good home-made barometer ran
be mad* with a piece of strong, fine
cord with n weight susiwniled against
a board. Moisture causes the cord to
stretch, nnd when It dries the weight Is
lifted. By observing and marking
eight on board a good barometer Is
completed.
Consul General Mason, of Paris, re
ports that, in accordance with a decree
of the French government. Issued
March 13, Mexican cigar* of ah kind*
are admitted to that country to be sold
at fixed price# by the Regie under the
same condition* ns cigar* made In
. Cuba. This Is an important concea-
x>*lt slon for the Mexican tobacco Interest,
lany and opens a new and extensive market
lag its choicest products.
'This hill for your new frock Is
really a bit high," obaenre* th* pluto
crat to his daughter. “Six thousand
dollars Is considerable to pay Just for
an auto suit.”
“But, papa, Uw suit Itself really Is
quite Inexpensive. The moat of that
hill Is for the trimmings."
-Tea I spent 15,300 for an auto of
the right tint to match th* salt-"—
The Increase of Christians m Japan
during th* year 1(04 nos about 10 per
cent. In round numbers theiChrtstlans
of Japan—Protestants, Roman Catholic
and Greek—number about 154,0*0
church members, with a community of
about 450,000.
Clacks are now being made which
apeak the hours, instead of striking
thsra, through on Ingenious applica
tion of the phonograph. They are ar
ranged to call out In various degrees of
modulnil-'-n. son,- loud enough to rouse
I Up
DOWMAN-DOZIER MFG. CO.
Manufacturers of
Fire : Proof Windows, Doors, Cornices,
Skylights, Crestings, Finials,
Dixie Ventilators.
Contractors for All Kinds of Sheet
Metal Work.
20-22 Trinity Ave. Both Phones 525,
Our Specialty is dimension lumber
for large buildings.
DAVID T. CROCKETT & 00.
Wholesale Dealers
LUMBER, LATHS AND SHINGLES
605 4tli National Bank Bldg.
Atlanta, Oa.
Phon* 202.
B. L.WILLINGHAM,
President.
H. H. TIFT,
Vlce-Prei.
W. B. WILLINGHAM,
8ec’y and Treas.
WILLINGHAM TIFT
LUMBER COMPANY
Rough and Prcwicd Lumber. Kindi, Doora, Blinds, Builder*’
Iturpll? Arcnue. Ilian nnnt a uiui tag vmi«$v
Oar ln«l gut off at McCall'a CrnMlnf on Lae Htreet.
phone >5 \veat; Atlanta I’lione 711.
C. A. GOUGE.
83 N. Pryor St.
Tin and Sheet Metal Worker,
made of metal, see me.
BELL PHONE 1443.
If it’s
W. R. JONES.
Practical Slate Roofer.
And Dealer in
All Kinds of Roofing Material. ’
15 Waverly Place.
Atlanta Phono 843.
Bell Phono 3377 L. P. O. Box 316.
Bell Phone 3565 J.
Atlanta Phone 1966.
FRIDDELL BROS.
Painters, Decorators and Interior Fin
ishers.
Interior Wall Tinting and Painting a
Specialty.
Out of town work given careful atten
tion. 69 Ivy Street.
MONCRIEF FURNACE CO.
» 103 S. Forsyth St.
Heating Plans and Estimates Free.
The place to get your furnace. They
install the best for any kind of fuel in
residences, schools and churches.
Both Phones.
All Kinds of Building Material.
Prices From
Get
ALEXANDER LUMBER AND MANUPAO-
TURING COMPANY.
Factory and Tarda, corner South Pryor and South
ern Railway. Phone 3154. City office, 6 North For
syth, Austsll Building. Atlanta phone 490. Bell 3(2.
ATLANTA
STRUCTURAL STEEL CO
1020 Fourth National Bank Bldg,
Atlanta, Ga.
Estimates furnish'd on all kinds of structural steel
shops*. Prompt shipments from stock.
Phones, Bell and Main 4421.
WE SELL MANTELS,
TILES AND GRATES
Cheaper Than Any other Concern.
J. E. HUNNICUTT & CO.
56 Peachtree St.
HUNNICUTT & TURNER.
PLUMBING Si HEATING.
Estimates on Short Notice.
105 N. Pryor St.
. Phones 1066,
Bell Phone 3566 J. • Atlanta Phono 11)66.
G W. HAYNES,
Interior and Exterior
HOUSE PAINTER
Wall Tinting and Graining.
Office nnd Shop 69 1-2 Ivy Street.
ATLANTA, GA.
WILLIAM WILSON.
Cement and Wood Fiber Plaster.
BUILDING SUPPLIES
See our $11.75 Cabinet Mantels with
Orate and Tile.
59 S. Forsyth Street.
BOTH PHONEB.
HAHR DAVIS LUMBER CO.
PLANING MILLS, OFFICE AND YARD8: 333 TO
339 DECATUR STREET.
Rongh and Dressed Lumber. Shingles. Laths,
Sash, Doora, minds nnd Builders' Hardware.
Our saw mill Interest* In Tift County, Oa., af
ford us facilities to give prompt service and at tho
lowest prices. Dimension timbers a specialty.
Both Phones 3725.
LIME, CEMENT.
Plaster, Sewer Pipe and other Build
ers’ Supplies Low prices nnd quick de
liveries.
SCIPLE SONS.
33 N. Broad St Atlanta.
TOMLINSON & DIDSCHUNEIT,
Contracting Painters.
Out of. Town Work a Specialty.
Boll Phono 1451L. 79 N. Pryor Street.
Atlanta, Georgia.
WOODWARD LUMBER CO.
Hardwood Interior Finish Si Mantels,
Doors, Sash Si Blinds
Send Your Plans for Estimates.
Atlanta, . Georgia.
WOOD FIBER WALL PLASTER.
The original product, and the only
plaster manufactured in Atlanta. Can
be nut on at as low cost as the lower
grade substitutes that have come into
the market. We can readily show this,
bo do not be misled.
GEOrGIA WOOD FIBER
PLASTER COMPANY.
Whitehall St. & Cent. R. R. Phone 1152.
'Dixie
r TiIe and
Cement
Works
TILE WALKS,
CEMENT STEPS
AND FLOORS.
Bell Phone 445 West,
538 Whitehall Street.
GEORGIA ROOFING TILE CO.,
Manufacturers of Cement Roofing Tile.
An Everlasting Roof.
Bell Phone 3764. 5 S. Broad St.
THE BOTTLECORK8 AT
THE ZOO.
By WEX JONfcs.
"Now, children, ws'll all go to the
Zoi today, up In the Brons. What's
wood—that’s all they are.
-U.Mtrfl 1,
yes.
Harold! Haro-o-old! Ethel, hold
Baby till I get that child. Haro-o-old!
Com* away from tho** boots this In
stant. Tou wicked (slap) child (slap),
to worry (slap) your po<) mummer like
•hi*.
No, sir; you can't go In a boat.
JJou csn't: I’m ■*<* '»«
No,
You'd get drowned. There’s peoples
thaL Harold—what are bronx? Bronx out In a boat and they’** notdrownded
c litl.l
are a place—I mean, Bronx le a place.
Isn't that singular—Ethel, you’r, as
big a fool as your father;
-Come along, children. No, Harold,
you can't drop the ticket* In the box—
yru'r* not old enough to drop In on*
too few. There now; run, run, th*
>lng.
uctor. doe* this train go to th*
Bronx 2km? It’s on the tracks that go
there—oh. Is It? Wtll, you watch out
or they’ll recapture you when w* get
tack there.
"Com* along, children. Rabyums, see
roly-poly bear. You thought It was a
You're too smart to 6* allvu—Harold!
do taka ear* of your sailor suit. Any
on* would think you were a ragamuf-
n. kicking In the dust thst say. No.
—that’s different. Nearly every on* that
get* drowned Is drowned In water—It's
the drownlngeet thing there Is In Ihs
world.
"No, Ethel; you can't ride In a go
cart—you mean a goat-cart. It's all
th* same; you can't rid* In It. You
must learn not to do anything you
then It'll be easier for
want to do, and I ■■
you wlwn you’re married.
with
you can't buy I
peanut*. The Idea el in. Don’t thru*i
. Tour pop
per never Iris me do a thing—say* he
can’t afford It, end Mrs. Hntpes w
th* loveliest new princess, altl
doe# show up her figure
terrible.
"Those are th* buffaloes. Do they
com* from Buffalo? Harold, your Ig
norance Is disgraceful. Where do they
come from T They com* from (he
place .they're caught, nf course, out In
th- i •,untry they're caught
old. I don’t car* If you are Chief ,\i
row-ln-the-Rlbs—you're been read I r
those stories again. I'll tell your
—but 1 suppose he’ll just iHugh ngsti
snd ask If Desdwuod Dick’s K"lng ye
He haa no Idea of bringing up a < hilt
"Com* Into th* restaurant no*, an
we'll get some ginger ala You
see the animals—you ronlnii
When I was a girl I didn’t n
looking *t anlmslt—but chlldr
have no respect for their pen
"Ethel, don't give thst gloss
(Ug-glug-ug ong.gtoog.) There, he's
choking to ileath you've kilted him.
Home at once. No, w* can't ee* the
animals—they'll wait—they can't get
away.
"What did you say. Ethel? wh.it «as
It? Let's skldoo—wl ere .11.1 >..u learn
such language— popper rays It?
..lay
Baby.
Its?
Wi
any girl
"What doss It n
"It mean* xlt—yc
An at once, Harold
throwing br*ad pll
coma home."
Skldu
Kuld»* for
T< h-t« h-tch!
I hi* Id
i rfi’Ii. he Kriim
A* I'IkIn Ha th***
jtcU with French
_
■
Aj