The Atlanta Georgian. (Atlanta, GA.) 1906-1907, December 31, 1906, Image 6

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►OOOO OOOOOO000000^00 OOOOOOOOOCKJOOOOOCrOOOOOOOClOOOOOOOOOOOOOOOOOOrtOOOOCv^OOOCKK^^J = THE ATLANTA GEORGIA. ocooooooooo^oooooooooqogoooooooooodoovoooooooooooooojooooooooooooooooooooooo^oogoooouO'OOo^o voooooooooooooooocooooooocoooooooooooooooooooooooc'ooovooooooooooooooooooooooooooooooooocooooooo Atlanta’s Insurance Contingent Eir Only Two Cities of the World I Receipts and ) MILTON DARGAN. «l. O. V^L/VYLCO. State Superintendent Metropolitan Life Ineruance Co. ROBERT L. FOREMAN. Of the Firm of Angier & Foreman, State Managera the Mutual Ben efit Life Insurance Company. C. S. NORTH EN. 8tate Manager Phoenix Life Ifiauranco Company. HENRY H. STEINER. Of tho Firm of Stoiner & Burr, 8tate Managers Equitable Life Assur ance Association. R. J. GUINN. District Manager Northwestern Mutual Life Insurance Company/ ROBERT F. 8HEDDEN. State Manager Mutual Ufa Insurance Company. ? S. E. WILLIAMS. COLONEL J. S. ftAINE. General Agent Phoenix Fire Insurance Company. JOHN S. CAMERON. 8tate Manager Sun Life Insurance Co* of Camden. By J. E. McLAUCHLIN. There are many insurance men who have never realized what an insurance center Atlanta is. and hut. few of our citizens, if any, who arc* engaged j n other vo cations of life, have ever stopped to think of the magnitude of this branch of our commercial life. Did you know that within the compass of Atlanta’s city limits there is more business transacted in the insurance line than there is in any other city of the world, save New York and Chicago. This statement may bo challenged by some, but it will.have to be shown differently before a retraction is made. There are more premiums that find their way into the treasuries of the general agencies, departmental offices and state agencies, whose headquarters are in this city than in any other city of the South. There are but two other cities of the world that can boast of greater pre mium receipts, and volume of business written than Atlanta. This statement can be verified by referring to the records of the various insurance reports that are published twice each year. „ This is a most remarkable statement when it is considered that Atlanta has but 150,000 population, when a dozen or more cities of the Uniomand the old world boast of triple and triple again that population, yet they have to bow to the Gate City of the South when it comes to the insurance business Atlanta is geographically a distributing center. She is the hatural gateway . Her climatical conditions are most favorable. She has builded a net- to the South work of railroads centering here, to make access to other points easy. She is in a section where labor is plentiful and not excessively dear. With these and many other advantages, it is no wonder that managers of the great and powerful insurance institutions establish departments here and those not large enough for Southern departments make this the point for their gen eral agency or at least establish here a state agency. One of the large fire companies has a department here that handles the busi ness of the company for thirteen states. All of the daily reports and premium re ceipts from these states come into the department here, making this, to all intents and purposes, a separate and distinct institution from the main company. Other big companies have departments here that handle the business of eleven, nine, sev en and as few as three states. It is these that make Atlanta such an important in surance center. Contributory to the big departments of fire companies that have been estab lished here are state and general agencies of life, accident, casualty, bond, health and liability companies and the myriad number of assessment and fraternity com panies that furnish a part of the insurance contingent of Atlanta. 6,000 People Depend on Insurance for Support. By referring to the records of the comptroller general, it will be seen that there are 61 fire companies, 42 life companies, 29 assessment companies and 68 mis cellaneous companies authorized to do an insurance business in Atlanta. Figuring ten employees to each company, we have 2,000 people working daily in that line of endeavor and go a little further and figure three people to each family supported by the efforts of these employees of insurance companies and we M ve a total . of 6,000 dependent upon insurance in its various forms for a livelihood. Eli Snormous Revenues From Insurance. According to the laws of the state no compnny can do business in her bor ders without paying a license. Suppose that each of these companies pay to tho state a license of $50, this would make a revenue of $10,000 in license paid in to the Gate City. Tho license is only a small part of the revenuothat is derived from insur ance. There is a special premium income tax that will figure way up into the thou sands that is paid to the state. And then the municipal license, agents’ license, municipal special tax, the personal tax of each agent, manager and all their em- In order that we make provision for extra copies that may be desired, we request all who wish them to telephone us this afternoon or early tomorrow; there will be no extra charge—usual price, 2c copy. o DOUGLAS DEANE. Secretary Atlanta Home Inauranca Company. EDWIN F. GAY. Manager Southern Department Insur ance Company of North Amer ica and Others. J. R. NUTTING. State Manager Security Trust and Life Company. F. WADE VAUGHN, General Agent Lumberman’s Insu rance Company, of Boston, Mast. J. L. RILEY. Of the Firm of J. L. Riley A Co., 8tato Man. Union Mutual Lift Insurance Co., and General Insurance Agt. J. C. TUMLIN. Stats Agent Illinois Life ln«ur»ne. Company. 5000000000 300C OOOCO OOC OgOOO^iOOOOOCOOOOOOOOOOOOOC OQ>OOO-3OOO0POOOOOOOOQOOOOOOOOCOOOOOCOOOOOOOOOO0OO0O0%K>C-COOOOOCOOOOOOOOOOOCWOQsK>OOOOOOOOOOOOOOOOOOOOOOflOOOOOCOOOOOOOC GOO OOOOOG 90000 h ... A’. niV.'swri , Tl if