Below is the OCR text representation for this newspapers page.

b A iihAilrtl a al ivlMl AAlbUU.A.V A iLA.S i.V. UA.. SUNDAY, 1 JiKK 21, 1913. THE OFFICERS EXECUTIVE AND FINANCIAL COMMITTEES. James O. WYNN, President. Atlanta. W. L. PEEL, President American National Bank, Atlanta. JOHN W. GRANT, Capitalist, Atlanta. J. K. ORR, PVresident J. K. Orr 3hoe Company, Atlanta. W. J. BLALOCK, President Fulton National Bank, Atlanta. PAUL B. TRAMMELL, Member Georgia Railroad Commission. F. S. ELLIS, Keely Co., Department Store, Atlanta. ARTHUR G. POWELL, Attorney, Atlanta. I desire to call attention to the fact that “THE COSMOPOLITAN” LIFE INSURANCE COMPANY, which was organized on April 5, 1913, has no connec tion whatever with “Cosmopolitan" Life Insurance Company, which failed In December, 1912. The new company, by purchase from the Insurance Depart ment. acquired the assets of the old company paid the claims authorized by the courts, put In new money and new officers, and intend always to pur sue conservative and safe business methods. I confidently believe that the citizens of Georgia will appreciate our efforts to make a Great Home Company, and will give us a liberal share of their busi ness. The Company merits the fullest confidence, and Invites closest Investiga tion. JAMES O. WYNN , President. JAMES O. WYNN. President. W. L. POMEROY, Secretary. M. M. RILEY, Treasurer. MALCOLM N. FLEMING, Assistant Secre'.ar urer. W. A. HIGGIN8, Actuary. W. S. ELKIN, M. D., Medical Director. LITTLE <t POWELL, General Counsel A STATEMENT OF FACTS Cosmopolitan Insurance We belipve that The Cosmopolitan Life Insurance Company is the soundest and best Life Insurance Com pany ever organized in the South. We believe this for many reasons, though enumerate only some of them as follows: The Cosmopolitan was organized in the open, with all eyes on it. What our assets are; where we got them; what we paid for them; what they are worth and why, are all matters of public record. We have no secrets, have no reasons for secrecy of any kind. We are doing business in public. Every stockholder, policyholder, agent, in fact, every person interested in this Company is welcome, at all times, to the Offices of the Company to see any book or record covering any transaction. The only things we keep private in connection with our business is the personal history and medical record of our polievholders. THK COSMOPOLITAN is the only company organized under the new and rigid insurance laws of Georgia, and the organization ■was perfected under the direct supervision of Hon. William A. Wright, In surance Commissioner, and Mr. John A. Copeland, Deputy Insurance Commissioner. They are familiar with every detail and have given the Company their highest indorsement, as shown by the following state ment of General Wright: The Company expects to build up a very large business in the “Intermediate” Department entirely separate from the “Ordinary.” The Agents of the Company are very enthusiastic about this INTERMEDIATE policy which is intended for those who, because of restricted occupation, or limited in come, are not able to take policies of $1,000, and over, and is going to be unusually attractive to this large and worthy class of people. In addition to the half return premium feature the pol icy will have coupons which if not used in reduction of pre miums, will be paid, in event of death, in addition to the $500, and one-half of the premiums. Should the policy be kept in force for 16 years and the coupons not used they, to gether with the reserve on the policy, will entitle the in sured to $250 in cash, with the option to convert same into its equivalent in paid-up insurance. In devising forms of Insurance that will meet the re quirements of the public, The Cosmopolitan has not for gotten the man of small means. FINANCIAL STRENGTH. Back of all The Cosmopolitan’s conservative and sound management is to be found a financial strength that will, in its own right, entitle the Company to recognition in the insurance field. The following facts are most interesting and worthy of your careful consideration: NET ASSETS JULY 31, 1913 $355,583.43 The above amount includes Capital Stock, Surplus and Undivided Profits of the Company, after deducting Insur ance Reserves and other liabilities of every character. These assets are invested in first-class securities for the pro tection of Policyholders, $100,000.00 of the amount being deposited with the State Treasurer in Bonds, whcih have been approved by the Insurance Department. Net assets of $355,583.43 do not include $99,988.05 of other assets, the exact value of which it is impossible to de termine at this time, but these assets will undoubtedly add a large amount to the Net Assets as shown above. The Cosmopolitan expects, from the sale of new stock, in the near future, to add $100,000 to its present capital so that it will be financially equipped to carry out the plans of the company extending its business into other states. BUSINESS STANDARD. The Cosmopolitan is a New company, with new and ex perienced officials; new ideas and new ideals. It is the only company in the State chartered under the recentlv amended insurance Laws of Georgia, which so carefullv guard the interest of Policyholders. 1 he < ’ompanv has adopted a conservative business pol icy, and will under no circumstances be tempted to follow high pressure methods simply to pile up a volume ofAmsi- ness. Our fixed purpose is and always will be to: 1. Use the utmost care in the selection of agents and medical examiners. 2. Make a careful selection of risks so as to avoid high mortality 3. Keep salaries of officers and commissions of agents within safe and reasonable limits. 4. Invest our assets with regard to safety, rather than a high rate of interest. We expect at all times to pursue a business policy which will deserve and inspire public confidence. The Cosmopolitan was organized under the direct OFFICE INSURANCE COMMISSIONER, STATE OF GEORGIA: Atlanta, March 1, 1913. I)r. M. M. Riley, Chairman, Atlanta, Ga. Dear Sir:—I desire to say that your Committee is to be congratulated upon having secured the consent of Mr. J. O. Wynn to accept the Presidency of The Cosmopolitan Life Insurance Company. i have known Mr. Wynn offi cially and personally for nearly thirty years, and am familiar with his career as a Southern insurance manager. He is a man of unquestioned integrity, universally recognized as an insur ance man of the very highest qualifications, and an eminently successful financier as attested by the success of all enterprises with which he has been connected. I am satisfied from the con versation I have had with Mr. Wynn in regard to this matter, that he has been finally induced to acoept the Presidency of this Company entirely from patriotic motives. His official con nection with the company will draw about him the co-opera tion of the leading business men of this and other cities of the State, and in my judgment, when it becomes generally known that lie is connected with the Company the stock will, within a very short while, materially advance in value. I am satisfied that no more advantageous selection of a man for the Presidency of the Company could have been made, and feel that this selection assures the future success of the Companv. Yours verv truly, (Signed) WM. A. WRIGHT, Insurance Commissioner. THE COSMOPOLITAN IS BUILT ON STRONG, HONEST AND CONSERVATIVE LINES. The Cosmopolitan Life Insurance Company is being built up on strong, honest ami conservative lines, by men who have achieved an individual success in the business world and who are known throughout the South for their integrity and business ability. This fact is amply attested to bv the membership of the Finance and Executive < ’oinmittees shown at the top of this page. CONCERNING THE ORGANIZATION OF THE COSMOPOLITAN. A RECORD WEEK. As an evidence of the fact that these Agencies are in a position to fulfill their Contracts, we beg to call attention to the fact that they sent us, in one week, applications for more than $200,000, which, added to the amount written by our Home Office Specials, in Atlanta, ra nthe total for the week to $255,000. None of this was high pressure business, but, on the contrary, the rates of commission paid were reasonable and safe for the Company, and the majority of the applications received represented prominent business and professional men who had closely investigated the financial condition of the Company, as well as its attractive forms of policies. POLICY EQUIPMENT. The Cosmopolitan issues the Whole Life, Limited Payment Life and Endowment forms of insurance, all of which are based on sound actuarial principles, and are just as liberal in the matter of cash, loan, paid-up and extended values as is possible within the limits of safety. THE COSMOPOLITAN SPECIALS. We desire to call particular attention to The Cosmopol itan’s Specials, namely, our 25-Payment Life—Double In demnity and Whole Life—Increased Indemnity Policies, since they are, without doubt, the most attractive policies offered by any Company and at the same time Actuarially Sound, as every policy issued bv the companv IS, AND ALWAYS WILL BE.‘ A NEW POLICY TO BE ISSUED BY THE COSMOPOLITAN. m Interme- Not one dollar of commission was paid for selling the stock and no concessions of any character were given sub scribers, every one subscribing for the stock on a basis of $200 a share, all subscriptions dating from April 5th, 1913. OVER $100,000 PROFIT FROM PURCHASE OF ASSETS OF ANOTHER COMPANY. A profit of over $100,000 lias already been realized, from tlie purchase of the assets of the old “Cosmopolitan,” which failed in December, 1912, and with which tins Com pany, The Cosmopolitan, had no connection whatever. The profit from this purchase will finally exceed the amount already realized. AGENCY ORGANIZATION The Company has to-day the strongest Agency Organ ization in the State, namely. The Willis Trust Company of Vladosta, whose territory embraces South, Southeast and Southwest Georgia; the .1. L. Jessup Trust Company of Ma con, whose Territory embraces Middle Georgia, and Ander son & Shropshire of Atlanta, who have all of the Counties north and some south of Fulton. These three Agencies are handled In men who have had successful careers in Life Insurance work and who have as sociated with them a large number of high-grade Special Agents. Each of these Agencies guarantee, in their contracts, $1,000,000 of paid for business a year, although they will probably produce fifty per cent more than their guarantee. Each of these Agencies finance their Insurance Busi ness without assistance from the Company. On January 1st. the Company will ope diate Department, issuing a policy of $500. This policy will have an attractive investment feature, as well as a Haif Return Premium feature.