The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 16, 1906, Image 19

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— THE ATLANTA GEORGIAN. 4.VI I IIHAY. JI NK Id. fix*. general insurance news WHY STOCKHOLDERS WANT . POLICYHOLDERS KEPT OUT M ast persons do not understand why the stockholders of life In' surance companies are si Itrongly opposed to control of the lasnclal policy of those companies by jsllcyholders. This will "be better ap- ■nclated by an examination of the re- Snis secured by stockholders In those companies under' the present methods, vhlch the Kew York law has sought to ■edify- Life Insurance stocks are very valu (Me assets. They are unlisted, not eenmmonly for sale, and are closely held by a few people, growing more valuable year after year. The follow, ■g quotations on stocks of various (ompanles may prove Interesting: The Astna Life insurance Company •f Hartford—Incorporated with an original rash capital of 163,000. This was Increased at various times to J2,- *00,0(10, alt but the last 1250,000 bring made by means of stock dividends. The original Investors of 163,000 have 11,- 7S«,00« of stock to show for that In vestment. The dividends are 121-2 ner rent per annum, and the value of : in excess of 1400 per share Original Investment of 1100 now worth 110,100, besides cash dividends amount ing to 11,184 and present annual dlvl- dsnd of 2111-2 per cent on Invest- 1,1 The Prudential—In 1880 Its capital wss 1100,000. Since that time the cap ital has been Increased to !2.000.nno by stock dividends alone. Since 1803 It has paid to date yearly dividends of 1200,000, or 20 per cent. A man who paid In 1100 originally for one share now holds 12.20U (22 shares). Tills Stock has sold as high as 1860 per share. Therefore, 22 ehares would show a value of 118,150, and yearly dividends of 220 per cent on the original Invest ment of 11M. ..M* tropo,lUn ~° rl 8 ,n hl Inveatment of 1100 equals 116,000. 'originally capitalized at 1260.000: Increased by stock dividends to 11,000,000: stock reported at 1100 a share, or 13,600 for original Investment "f lion. Provident Life and Trust of Phila delphia—1500,000 paid In: since doubled out of earnings. Bona tide 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 Manhattan, Union Central, etc., might bo quoted, all of which show similar 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 caah 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, be obtained by new companies, the be lief that life Insurance stock In a well managed company, under old .line methods. Is a safe and profitable 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 line futures ahead of them. Among-these may be mentioned the Citizens' Life of Louisville, the Empire Mutual Life and the Southern States Life of Atlanta, the Volunteer State Lire of Chattahooga, the South Atlantic Life of Richmond, the Security Life and Annuity of Greensboro, and others. LIFE COMPANIES SHOT Off LOANS HAVE BEEN CALLED UPON CAUSE OF SAN FRAN CISCO FIRE. EDITORS Of SERVIA , OON'HEAR KING ' THEY CRITICIZE THEIR NEW RULER IN EDITORIALS THAT SIZZLE. PERSONAL NOTES OF INSURERS Edson C. Price Comes, recent addition to the ranks of Atlanta Are Insurance men Is Edson C. Price, who, for ten years past, has been s local agent at Goshen. N. Y„ and who now makes a connection with the progressive local agency of Haas .MacIntyre. Mr. Price Is an expert In all lines of Are, liability and easualty Insurance, and sold his former agency In order to remove to Atlanta, where there Is a wider Held for his efforts, choosing hta new home on the ground that It offered better opportunities than zny other city fn his special line. .Mr. Price brings hts family to Atlanta with him. v V . E. W. Penniman a Visitor. Vice President E. W. Penniman, of the United 8tntos Surety Company, of Baltimore, Md., was this week a. visitor to hts Atlanta general agents, J. L. Blley & Co. Mr. Penniman's company only recently entered Georgia for busi ness, but states that the returns al ready have been very good. Eglstton Is Honored. General Agent Thomas Egleston, of the Hartford Insurance Company, was this week chosen president of tho Cot ton Insurance Association, of Atlanta, succeeding Milton Dargan, who resign ed In order to give hts full time to his new duties os president of the South eastern Tariff Association. Air. Egles regarded as one of (he highest authorities on cotton insurance In the South. . Collins and Caldwell Visiters. Special Agents George Collins, of the Norwich Union, nnd It. T. Cald- well, of the Westchester, were visitors this week to the olTIces of Edgar Dunlap, who represent! those com panies locally. Cliff C. Hatcher Out of .Town, President Cliff C. Hatcher, of the Hatcher Insurance Agency, la spending the tveek-rnd at Atlantic Beach, where his family are summering, nnd will soon leave Atlanta for a month'! atay at that resort. Kirkpatrick in Birmingham' Walter W. Kirkpatrick, well known In local Insurance circles In this city, his been appointed to take chargo of 'he Held of General Agent W. J. Dan- «slx, of Birmingham, during the tem porary absence of the latter In Europe for the summer. .Mr, Kirkpatrick will supervise the business of the company In l.oulalana: Mississippi, Alabama, Georgia and Tennessee. 70 Per Cent Dividend. P. Pattlllo. local agent at At lanta 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 ever paid by this company. E. G. Walker Out Again. < Tty Superintendent E. O. Walker, of the Travelers' Insurance Company, *hn has been 111 tor some weeks past. Is again well enough (o be on the street onee more. Dergen In Virginia. President J. T. Qorgan, qf the At- !»nta.Birmingham, wee In Virginia this »eek. Douglas a Visitor. General Agent William Douglas, of Charleston, 8. C., was h visitor to At- [ !*nta thin week. In attendance upon the meeting of the executive commit tee of the Southeastern Tariff Asso ciation, of which he Is a member. Funeral of J. W. Coehrane. Prank BtockdelL assistant general •lent of the Phenlx. of Brooklyn, went to Lexington, Ky., this week to attend ' the funeral of J. W. Cochrane, late •Peclal agent for that company In Vir ginia and North Carolina and South C arolina. Air. Cochrane had been In the service of the enmrnny In that field rmirteen years, and had many friends n Atlanta. A beautiful floral offer- mg was sent from the Atlanta offlee ef the Phenlx, and one from the other 0 Bices here. Gees with The Insurance Herald. Hubert 'N. IMA a dUI-lasai young man of Gainesville. Ca, has 5“ that city to accept a poattlon with ■he Insurance Herald of Atlanta. Oickay’a Summer Hem*. 7- L. Dickey,* Jr, local agent (ft the Queen and German American, has aesertad his city home for the season, •“o Is summering at his beautiful country place. "Arden." In the suburbs ■eyond Buckhead. Ocpoait in South Carolina. ' ,®*n*ral Manager P. C. Wadsworth. ”_'he Southern State* Life Insurance . "™l*ny. Atlanta's new and thriving ranttutUm. this week Completed nr- ,_gcments for the company's deposit ind the company In Georgia and Alabama. The com:- pany wrote over 11,000,000 of haw business during the first month. No Stats 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 I New York will have a direct' efTect, more or leu, upon llfo Insurance meth ods In Georgia, whereby the same good efTects will follow as have boetj secured there. Direct effects of the Ban Francisco conflagration are already being felt In Atlanta, through the action of several well-known llfo 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 has taken this course, and also the Travelers' of Hartford. It Is understood that the Penn Mutual has also ceased making loans, except upon tho most advantageous arrange ments. The reason for this Is that the drains upon tho Are insurance com panies In the east have caused their stockholders to-make loans on real es tate and securities In order to-provide for San Francisco losses, and tbe latlona of the Insurance companies ore naturally such that the life compnnles have been called qn largely for such loans. , * It Is stated on good authority that tn Hartford the rales Qf Interest have risen recently to 7,and I per cent, ns the companies with hendqusrters there have all been called on for large amounts. The Investment funds of life Insu- ranee companies are, therefore, natu rally attracted there. DRAWING MATERIAL Architects' and Engineers' supplies at Jno. L. Moore A Sons'. 42 North Broad St., Prudential building. ••• ■EXCELLENT SERVICE TO WRIGHTSVILLE BEACH, NORTH CAROLINA. During the months of June, July and August the Seaboard Air Line Railway will operate on Its train leav ing Atlanta at 9:38 p. m., every SAT URDAY. a through sleeping car to Wilmington, N. C.: returning the through sleeper wjll leave Wilming ton at 3,p. m.. arriving. In Atlanta at 6:30 a- m, Friday. Arrangements have been made with tho street rail way people at Wilmington to hare ears ready at the depot to Immediate ly transport passengers to the hotels at 'Wrightsvlllo Beach. Baggage will be checked to destination. WEEK END rate, good for live days, $8.26; SEASON tickets, $18.65. SEABOARD. MISS UNTERMYER TO WED By RAOUL DE SAINT RENE. ft peclal The orglai 16—Trajan's column. - monument of Ancient being restored, and the the base hnvq revealed Pails, June that huge loft Roman glory. I excavations at Interesting fuel t’ommemlatore Bonlsls, conducting the restoration, which Is confined to the base of the column, has eatnh li-licd (he fact I lint I he Intel lor .1 i lie base wns Intended ns a tomb for the reception "f Trajan's both. Till shown In n plan made In 1550, but Signor Bonl wished to prevent future generations from Ignoring the fact. No t: .11 •' how. v.'t, Inis lie n found "f tin Kl* ot lti'iuan’s re mu Ins I'ndcr tho c id umn were found eight skeletons, which may possibly he those of Romans, hut more probnly belonged to the monks of the moiuisterv of SI Nicholas "f tin- column, which stood under It In th» middle ages, and used the monument as a campanile or bell tower. Another Interesting And was a fifteenth century coin of King Ferdinand of Aragon nnd Naples. Tribal War In Morocco Trouble 1h never long absent from Morocco. Thore Is a fierce Inter-tribal struggle In progress In the district known ns the llouz, between two pow erful chieftains, Katd Abdulmatk M'tookf nnd Kutd Anflonx. 1 The lighting Is taking plare In mountnlnous region thirty mltea from Mogmlor. Knld M’tookt, who Is the most powerful chieftain In southern M"I-."-,... is developing a combine at tack on his enemy with the help of al lies Mi'anw Idle II is "tli. Isih de.'liir,"] I till I 111*' I loll/. Is "distil! I'l'l," mid Hull Is os far as official action has been taken. Papers Criticize King Peter. King Peter of Bcrvla's head lies very uneoay If he takes all the comments Of III'' Servian press I" lle.ul. Here ars a Ian rh"ico specimens of the kind of criticism he Is subject to: ■So you thought t" g"\'in a coun m though y.nt showed yourself In rnpable of commanding a battalion? We hope your eyes aro opened and that you will beat a retreat In good time. "Abominable Polypus! Our unfortu nate land Is at last Ip the grasp of your sanguinary claws, but we will shake ' Murder, and govern, monster! You went to Swltxcrland to study and nr turned n criminal. This Is tkc morsll ty you hove brought us from Oeneva. " "Iteptlle! Brest thou not the looks of hnte thnt follow thco In tho streets 7 Feareat thou not tho land fated one] day to wring thy cursed neck?" Mole • that hga borrowed so long In this fair land, nnd that has arrived at top. thlnkcet thou now to remain In qulel7" On* paper, Otadjblna, publishes the follow lug: ‘The article In - -which he said 'Flushed with bloodi you appeared In our midst reeking with alcohol,' has been pronounced wrongfully suppress ed by the court, as 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 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 oach Inhabitant. The tax agent flies all the local society papers and as It la found that the American aoclety section Ilka to have their dances and dinners noted In the papers, the agent simply taxes the Americana In accordance with their social prominence and the luxury of their entertainments. The English re* Idents have learned this dodge of the tax collector and they keep out of the papers. Mist Garrison to Wod. Krancn-Amerlran aristocratic society Is greatly Interested In the announce ment of the engagement of Miss Katharine Garrison. daughter of Mrs. W. M. Garrison, of New Tork, to Count Francis de t'astejs, second son of the uta and Marquise de Casteja, Miss Son la the youngest slater of the Countess Oaaton Chandon de Brailles, and of the Hon. Mrs. Charles Maul* Ramsay. The future counteaa will by her marriage have the entree to the moet exclusive society of the French capital. Americana in Salon. American painters have distinguished themselves at the Ralon thla year. Among the prise winners are Aator Knight and H. O. Tanner, each of whom got a second-claaa medal, and are therefore debarred from further competition, though they ran always exhibit. Mr. Pert-lval Rousseau, another American artist, haa been awarded third-class medal. Slnecuraa, That's All. Interesting facts have coma to light with regard to the duties of the aj tactic* of the Frenth ministries, which go to show that they are more In the nature of a sinecure than anything else. Taking one ministry, for example. It la found that one attarhe does noth ing but open (he minister's letters, a second receives visitors, a third at tends the debates In the chamber, an other performs the same duty In the senate, another does the minister’s shopping, another Is In attendance upon the minister's wife nnd'daugh tera, another represents the minister at banquets, another accompanies him on his travels, another attends the theaters, another calls at tha ministry once a month to see if there te any thing for him tn do, and another alts around all day doing nothing and wait ing to be employed on what'a left over. gvsfsjm: STUDIO PHOTO.’ Portrait of Miss Irene Untermyer, whoee engagement to Louis Put man Myers haa just been announced by her parents, Mr. and Mrs. Samuel Untermyer. , j» Koujh ■ °®w dm Consul General Mason, of Parts, re ports that. In accordance with a decree of the French government, issued March II, Mexican dgara of jsII kinds are admitted to that country fo be sold at fixed prices by the Regie under the ante conditions as cigars mad* In •aba This I* an Important conces- lon for the Mexican tobacco Interest, m,i cion- a n'-w un>i extensive market ng buslne as w ell as ' tor l:> produ> "This bill for your new frock It really a bit high," observes the pluto crat to hta daughter. "Six thousand dollars la considerable to pay Just for an auto suit." "But. papa, tha ault Itself really la quite Inexpenalve. The moot of that bill la for the trimmings." "Tea. I apent IL200 for an auto of the right tint to match the i Puck. good home-made barometer can be made with a piece of strong, line cord with.a weight suspended against a board. Moisture causes the cord to stretch, and when It dries the weight Is lifted. By observing and marking height on board a good barometer la completed. The Increase of Christian* In Japan during the year 196* was about Id per cent. In round numbers tbe Christians of Japan—Protestants, Roman Catholic and Greek- number about 111,000 church members, with a community of about 4M.MO. Clocks arc now being made Which apeak the hours, instead of striking them, through an Ingenious applica tion of the phonograph. They are ar ranged v> call out In various degrees of modulation. --in,' 1 el-] enough to rouse I tbs soundest slicpcr. BOWMAN DOZIER MFG. 00. 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. Phone 291. Atlanta, Go. B. L.WIL LING HAM, H. H. TIFT, President. Vlce-Pre*. W. B. WILLINGHAM, Ssc'y and Treat. WILLINGHAM-TIFT LUMBER COMPANY Rotifb and Dreoaed Lumber. Hath. Doors, Dllndt* Builder*' Hardware. 200 Murphy Arena*. Take i:n*t l*olnt or Collet* park Car anil off at MrCulla t'n»«"lng on Lee Street. Bell tttWr* — phone I Atlanta Phono 71L 0. 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 Denier in All Kinds of Roofing Material. 15 Waverly Place. Attnnta Phono 843. Bell Phuno 3277 L. P. O. nox 316. Bell Phone 3665 J. Atlanta Phono 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 Strict. 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. Get Prices From ALEXANDER LUMBER AND MANUFAC TURING COMPANY. Factory and Tarda, corner Houth Pryor, and South ern Railway. Phone 2JI*. City office, 6 North For- syth. Amtell Building. Atlanta phone *00. Bell 1*1. ATLANTA STRUCTURAL STEEL CO 1020 Fourth National Bank Bldg.- Atlanta, Ga. Estimates furnished on all klnda of structural atcel shapes. Prompt shipment* from stock. Phones. Bell and Main 4*21. WE SELL MANTELS, TILES AND GRATES Cheaper Than Any other Concern. J. E. HUNNICUTT & CO, 56 Peachtree St. HUNNICUTT & TURNER. PLUMBING & HEATING. Estimates on Short Notice. 105 N. Pryor St. , Phones 1066. Bell Phono 3565 J. Atlanta Phone 1966. G W. HAYNES, Interior nnd Exterior HOUSE PAINTER Wall Tinting and Graining. Office and Shop 65) 1-2 Ivy Street. ATLANTA. GA. WILLIAM WILSON. Cement and Wood Fiber Plaster. BUILDING SUPPLIES Seo our $11,75 Cabinet Mantels with Orate and Tile. 59 S. Forsyth Street. BOTH PHONES. HAHR-DAVIS LUMBER CO. PLANING MILLS, OFFICE AND YARDS: 333 TO 339 DECATUR STREET. Bough and Urcsaeil Lumber, Shingles. Laths, Sash. Door*, nilndt and Builders' Hardware, f>111- saw mill Ini' 1 -Mt-4 In Till ('minty. On, af ford ua facilities to glvo prompt eorvlco and at tho lowest prices. Dimension timber* a specialty. Both Phones 3725. LIME, CEMENT. Plaster, Sewer Pipe and other Build ers’ Supplies Low prices and qhick de liveries. SOIPLE SONS. 33 N. Broad St Atlanta. TOMLINSON & DIDSCHUNEIT, Contracting Painters. Out of. Town Work a Specialty. Bell Phone 1451 L. 79 N. Pryor Street. Atlanta, Georgia. WOODWARD LUMBER CO. Hardwood Interior Finish & 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 put on at as low cost as the lower grade substitutes that have come into the market. We can readily show this, so do not be misled. GEORGIA WOOD FIBER • PLASTER COMPANY. Whitehall St. Si Cent. R. R. Phone 1152. Dixie' r Tile and' Cement Works TILE WALKS, CEMENT STEPS AND FLOORS. Bell I ’linin' 115 West, 538 Whitehall Street. GEORGIA ROOFING TILE CO., Manufacturers of Cement Roofing Tile. An Everlasting Roof. Bell Phone 3764. 5 S. Broad St. THE BOTTLECOBK8 AT THE 7.00, By WEXJONE8. Now, children, we'll all go to th* Zoo today, up In the Bronx. What’a that, Harold—what are bronx? Bronx are a place—I mean, Bronx la • place. Isn't that alngulanr-Ethtl, you're aa Mg a fool as your father. "f.'ome along, children. No, Harold, you can't drop the tickets In th* box— you’re not old enough to drop In on* too few. There now; run. run, th* tr«ln'a going. -Conductor, do** thla train go to the Bronx Zoo? It'* on th* track* that go there—oh. la It? Wall, you watch out or they'll recapture you whan w* get back there. -Cbm* along, children. Babyuma, see roly-poly bear. You thought It was a roly-polar bear, did you. Mis* Kthel? You're too smart to 6a allva—Haruld! do taka care of your sailor suit. Any i ne would think you were a ragamuf fin. kicking In th» dust thai way. No, I >'K1 ' -m t buy any peanuts. 1 old. ■ I don’t enre If you are Chief Ar- row-ln-lhe-Rlbe— you'v.- been reading tle.-o- -'"i!•-• "k.i!ii I'll tell v.iir i"»pper — but I suppose he'll Ju*t faugh again. ng yel. He has no bleu of bringing up a 4 hll-l. "Come Into the restaurant now, and we’ll get eome ginger ala. You uam •-> zee the animals—you contrary child. When I waa a girl I didn't run alemt looking at animal*—but children today have no respect for their parent*. "Ethel, don't give that glass to Baby. that's all they are. "Harold! 'llaro-o-old! Ethel, hold Baby till I get that child. Ifaro-o-old! Come away from thne* boats this In- and a*k if Deodwood Dirk' slant. You wicked (alap) child (slnpl. He has no Ideu of brln ' to^ worry (slap) your po<)- mommerltke "No, sir; you can't go In a boat. No, you can’t: I’ve said 'No,' and I mean It. You'd get drowned. There’s people* out In a boat and theYse not drownded —that’s different. Nearly every on* that gets drowned la drowned In water—It's the drownlngcst thing there Is In the world. "No, Ethel; you can't ride In a go- cart—you mean a goat-Cart. It's all the same; you can’t ride In It. You must learn not to do anything you want to do, and then It'll be easier for you when you're married. Your pop per never let* me do a thing—says he can't afford It. and .Mr*. Snipes with the lovrllest new princess, although It doe* show up her figure something terrible. "Tho#* are the buffaloes. Do they come from IlufTalo? Harold, your Ig norance Is disgraceful. Where do they . oi • fiom? They cosne from th.- * 'j,-' I ’••*' "• ■ nught. of curse, out In ,.|„ lb ^. , In In In the country they're -aught » r c. lie keep - 1 perfumes. The he'e •linking to death—you've killed hitn. Home at once. No. we can't see the animals—they'll wnlt—they can't get hat did you say, Ethel? What was ■LM'i ikl4oorM xiirh language— dot*, doe* he? Well, hi any girl of mine, Skldoc "WL'.tf <I*.9*1 It filin' **It means of It - >im ttt •m .it ..i,. *\ llnrolt). tj.* throw fri< {tills ut illtl you learn norelUt and turatud with PrearW