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

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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