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IMIE PHONIX, > y O II I, IH U HO DAILY ABD TBI-WES K LY. Trjfg 'GLEANER, EVERY WSDITEaDAT KOBHIZtO. .3 Y JUL I A N A. S E L B Y , K DITO B AJI D PBOFKIETOU. Offloe OH Main Street, above Taylor. ? > ? ??r-Book and Job. Printing of every don erip .-.ion promptly and faithfully attended to. AsVeanaBMBNTs dnxorted in the : Daily at 75 coats per aquaro ur the first and GOcontB eaoh subsequent in lortion. Long advertisements by the week, non tb or year, at reasonable rstea. snnflonu'TioN. Daily, six months, $1.00; Tri-Weokly, 2 SC; ffewkly, 1 50. _'? ? . ? _ 8OMB OF Git ANT'S INCONSISTENCIES.-It ia not trne that the execution of the la wa of the United States are hindered and obstructed. It is not true that the con? stituted authorities of .tbe State are *'anabie to proteus the people." Ln.ai January, Governor Soott, ia a me&suge to the Legislature, solemnly declared that "the civil law of tho State" wats, and should be, sufficient fur the protec? tion of the humblest citizen, Last week Governor Scott (us reported by the Charleston Courier) vehemently opposed martial law, which he. declared was "a mistaken policy." Nor has any Radical paper in Sonth Carolina dared to easert that in any 'County, processes of law cannot be served and arrests made. No . person bas resisted arrest. All who have been aconsed of Ku Eluxism, con? solons of their innooenoe, have surren? dered without demur, lt is, moreover, gross folly to say that tho organization, in the Counties named by President Grant, are "so numerous and powerful as to be able to defy the constituted au? thorities." From beginning to end, < President Grant's proclamation is found? ed upon statements which are false. 'President Grant has been grossly de? ceived, or he is the willing tool of aband of unscrupulous knaves, who fear neither God nor the do vii.-Lancaster Ledger. Bev. Ohos. Voysey, the English cler? gyman condemned for heresy some time einoe, is attempting to' found a now church. Among other novelties, he nsee a litany which contains the follow? ing beseeohment: "That it may please Tbee to help all literary persons and editors of the pub? lic, press, t^at they may use all their powers in the cause of troth and righte? ousness, and risc above the praise, and blame of men." The Cottage Home Eestaurant. jf?&Ss. . MR. O. H. DUHME. proprie-*CEa /fiyfCNfctor of tho COTTAGE HOUSE,?? V^/. NSP^Washington street, next door ?? to Haa?nio Hall, desireB to inform bis friends that ho has opened a first class RESTAU? RANT, and will furnish, at short notico, OYS? TERS In every style, Soups, flame and otber lolishos. Call at. tho Cottage House and make yourself merry._Oct 22 The Exchange House. /IT^WELL kLown RB "the place"ero* ^SjjJ&f where tho boat of drinkables MB >?Ht7 and oatabloB are furniabed, is WV in the full tide of prosperity. Tho whole house has been put in perfect order, and the proprietors guarantee that gneste san obtain all tho delicacies of the season-OYSTERS, FISH, GAME. etc. Oct 12 PAYSINQER A FRANKLIN. THE CAROLINA HOUSE ?IS onoe more open to tbe pub bo, under the sup orin ton de nco of Mr. lt. HARRY. The reputation of the house will be kept sp._ Angnat31 ? First in the Field. 1 f \ BARRELS NEW HULLED BUCK? AN/ WHEAT FLOUR, . New Orleans and Bilver Drip SYRUP8. Pot 19_GEO. BYMMERS. STOCKS, BONDS and COUPON? bought and aold by D GAMBRII.L. Broker. SPBCIAXi ATTENTION given to the J ol? leotion of Commercial Paper, Interest on State and Railroad Bonds and Btocks, and Conversion of Stato Bo o uri ti CB. by Nov29 6mo P QAMDRILL.Broker. Bixty-five F?rst Prize Medals Awarded TUE OllKAX Southern Piano MAN UFA OTOH Ye WTC.KNABE & GO. Manufacturers Grand, Square and Upright PIANO FORTES, BALTIMORE, ?ID. THESE Instruments have been before tho pabilo for nearly thirty years, and upon . their excellence alono attained an unpurcnas edpre-eminence, whioh prononnces them une? qualed. Their .' TONK ' ; l?ombincB great power, sweotnesa and fine .laging quality, SB well aa great purity of in? tonation,and sweetness throughout the entire scale. Their TOUCH Is pliant and elastic, and entirely free from the etlflncHs found in eo many pianos. ' ' . IN WORKHAN?HIP They are unequaled, nu in g none brit the very best seasoned material, the large capital em? ployed In, onr bueineaa enabling us to keep continually an immohee stock of dumber, Ac, . sn lund. ~ . ? '"T? t . MR AJI pru squaw pianos bave our hew im? proved ovEisrnuno'SCALE mi'Agraffe Treble. - jfffl" Wo-would call special attention to our ' lats improvements in QR AND PIANOS and ? SQUARE GRANDS, patented AngUBt 14, 1866, whioh bringa the piano nearer perfection than has yet been attained. KT/DT y Plano full jr Warranted for 5 Years We have m ad o arrangement a for tho sole tiholetale agency for the most celebrated PARLOR ORQANB and MEL O DEO NS, Whfbh we offer wholesale and retail, at lowest faotory prices. WM. KN ADE & CO., May28$Tflmo . Baltimore. Bid. Guns, Pistols, Etc. I INFORM my friends and ublic in gcDoral that I have .nat received an entire new stook of Doublo and Single Bar? roi GUNS, REPEATERS, Flasks. Ponchea, Pistol-Belts, Capa Buok-8hot, Cartridges. Cartridges for all kin da of Pistole, Powder and Shot. ALSO, BBPAIB1NG done st short notice. Oct 8 P. W. KRAIT. Hain street. American club Fish. ?ilal?'tiiy A DELICIOUS rollah: better and much oheaper than Sardines. For salo by ' r ' _K. HOPE. The raffle for Tempor?neo Hall, ?o., will pwrlttToly laka placo on tho 10th November. | Sundries? .f /~Y f \ BOXES assorted Cit ACKERS. JAJvJ' 1U0 boxee assorted Carnied Goods. CO boxes Soap. 50 boxes Candy. 50 boxoB Candles. 200 barr?la Floor, 50 barr?la Whlekoy. coming in and in storo, and to which wo invite tbe attention of the trado. L?RICK ft LOWRANCE. New Mackerel. S\f\(\ WHOLE, Half Barrels and Kita JU\J\J NOS 1, 2 and S, Boston inspection, i Jost received and for salo much lower than at any time since tho "little unpleasantness " Sept 17_E. HOPE. The World-Renowned Howe Sewing I Machines Are (he Oldest Established of Any in the 'World. IN rango of work this Machine cannot bo equalled. Will work equally well on thick or thin goods, from gauze to heaviest beaver coatings, or oven leather, without chango of needle, tension or thread. Wo will warrant them to do this. Our lino work is equal to any, and our neaw work excels that of any other maobino in the world. Ladies wiabinjr to introduce the ?ewing into their families will find it-a groat saving ot time, labor andi-x penao to at once purchase tho nest. Persons who have tried alt machines aro unanimous in declaring this to be tho eaeiest learned of any in the market. If yon are prejudiced in favor of any particular machine, ai least examine THE HOWE before you purchase. ALF lt ED O. ELY, General Agent for South Carolina. Office three doors below Dr. Uolnitsli's Drug Storo, Main street, Columbia, 8. C. Sept 21 _^_ 3mo AFEW reasons why they should havo the preference over aU others: 1. whcolor ? ft Wilson's Sewing Machine is much simpler than any of tho others; re ?airing loss than half tho amount of mt binary. 2. As tho result of this simplicity, this ma? chino is much lesB liable than tbo others to get out of repair. 8. Another reeult of thia oimplioity is greater durability. 4. Another result is loss friction, and, con? sequently, greater ease and rapidity of mo? tion, with lesB noiso. 6. And greatest of all, that it uses no Shut? tle, and makes the look-stitch. It is the cheapest to buy the best. Buy the machine that nae justly, fairly and honora? bly won a reputation and independence against a strong and bitter competition. For more than twenty years bas tue Wheeler ft Wilson not only stood first and foremost, but now stands the uniivallod Sewing Machine ol the enlightened civilized world. Buy tho ma? chine that has been thus tested and proved, and then yon are euro to get tho beet. For sale on the easiest pop Bible terms. Sales? room Main street, second door below PHCKMX office, Columbia, 8. C. J. 8. PURSLEY, Agent. A. WHYTE, General Southern Ageut. June 21 _ Gmo . .(JESTBAL X?ti?SAL BASK UK COLUMBIA. H. C. Present Capital, $150,000. AUTHORIZED CAPITAL, 9000,000. OFFICERS. John B. Palmor, President. A. G. Brenizor, Cashier. C. N. G. Butt, Assistant Cashier. DIRECTORS. J. Eli Gregg, John B. Palmer, F. W.McMas tor, B. D. Senn, of B. D. Benn ft Son; G. W. Boarden, of Copeland ft Boarden; B. L. Bryan, of Bryan ft McOarter; W. 0. Bwaffleld, of B. ft W. O Bwafilold. F. W. McMaster, Solicitor. THIS Bank ia now open for tho transaction of a general banking business. 'CERTIFICATES OF DEPOSIT of ourronoy or coin, bearing interest at tho rate of seven (7) per cent per annum, in kind, will be issued. Deposits from County Officers especially so? licited; aleo, from Trustees, Administrators, Executors, Professional Men, and others. ' Particular attention given to accounts of City and Country Merchants, and other busi? ness mon, and the usual accommodations ex? tended. Notes, Bills of Exchange, and other ovi dencos of debt discounted, and money louued on collaterals. Stocks, Bonds, Gold, Silver hovglit and sold. Mutilated Currency purchased at a small discount. Sight Drafts drawn direct on all the promi? nent places in England, Ireland, Scotland, France, Germany,- Belgium, Holland, Den mark and the Orient. Letters of Credit iaBUod, 1 ayablo in any of the above places Drafts on all tho prominent cities in the United States bought and sold. Ranking House opposite Columbia Hotel. Open from 0 to S. Feb 28 ly CITIZENS' SAVINGS BANK !?? Deposits of $1 and Upwards Received, ??? INTEREST ALLO WED A T THE HA TE Ob SEVEN PER CENT. PER ANN UM, ON CEU TIFICA 2ES OF DEPOSIT. A ND SIX PER CENT. COM? POUNDED EVERY SIX MON TUSON A COO UN TS. OFFICERS. Wm. Martin, Prosident. John B. Palmer, l vt". ?-?..?^.?.?1. John P. Thomas, f Vico-Frcsidctits. . A. O Brenizer, Cashier. J. H. Sawyer, Assistant Cashier, i oh argo of Rr an oh es. John O. B. Smith, Assistant Cashier. Directors. Wade Bampton, William Martin, A. C. Has. kell, F, W. MoMaster. John P. Thomas. E. H. Heinitab, John B. Palmer, Thomas E. Gregg, Columbia. " 'J. Eli Gregg, Marion. G. T. ?oott, Newberry. W, G. Mayes, Newberry. B. H. Rutledge,Charleston. Dani ol Ravenol, Jr.. Charleston. iV-Moohaniea, Laborers, Clerks, Widows, Or* [diana and others may here deposit theirsav* ugo and draw a liberal rate of interest there? on. Planters, Professional Mon and Trustee* wishing to draw interest on their funds until they require them for business or other pur* poses; Parente desiring to set apart small lome for their ohildren, and Married Women and Minors (whose deposite can only be with? drawn by themselves, or, in ease of death, by their legal representatives,) wishing to lay aside funds for futuro noe. are here afforded an opportunity of depositing their nieane where they will rapidly accumulate, and, at Lheeame tlmo,be subjeotto withdrawal when aeeded._Aug 18 . Ton may secure a valuable prize by pur? chasing a ticket in tho Colombia Co-opt ra live Building Aeaoclatka. Bose's Hotel. IN view,or tho influx of vi eitora to Columbia, occasioned by the prevalence of tho y ul _ ;iow foyer in Charleston, the proprietor ut HOSE'S BOTEL bas concluded to re-opon his establishment for tho accom? modation of tho publie at once, and therefore withdraws the proposals ho bas heretofore made for its sale or lease. The Hotel will henceforward be conducted as a first class- boneo of .entertainment, and epBoial provision will be made for the comfort and convenience of families. Carriages and an Omnibus will be found at every arriving train. W.E.ROSE. August 30_ Seegera' Beer is Pure. IT don't contain Co coe nins Indie.ua Fish Berries to make sleepy or headache. booure tickets in the Columbia Co-opera? tive Building Association. WARFIELD'S COLD WATER SOAP. THIS BOAP washes perfectly in cold water, soft, hard or salt. It removes grease, oil and paint from garments. It washes ali kinds of goods-cotton, flannel, silk or woolen. It oleanBoe silver, plated ware and jewelry without eora tching. It tho articles are muon tarnished, rub them with a piece of flannel which has plenty of tho Soap on it. To people who do their own washing, it is invaluable It will save its cost in one washing. For sale, In boxes of thirty-six bars, by . . ... EDWARD HOPE. April 9 ' A lient for South Carolina. Native and Foreign Wines. 8CUPPERNONG, Concord, Santerna, Cla? ret, Champagnes, just received and for salo low, by_ E. HOPE. Refined Oil. COTTON SEED REFINED OIL, by tho gal Iou or barrel. Also, in glaass, pinta and quartB. For salolow. E. HOPE. GREAT SOUTHERN HEIGHT (ND FISSHEBB LINE VIA CHARLESTON, S. C. TO AND FROM BALTIMORE, PHILADELPHIA, KEW YORK, BOSTON, AND ALL THE NEW ENGLAND MANUFACTURING CITIES. THREE TIMES ^j/m'-Jlfo-! ' ' V ff^T A WEE K Tuesdays, Thursdays, Saturdays. EL EG ANT S TA TE-Il OOM A CCD M MOD A TIG NS. Sea Voyage 10 to 12 Hours Shorter via Charleston, TOTAL CAPACITY, 40,000 DALES MONTHLY. The South Carolina Railroad Company, - AND connecting Roads West, In alliance with the fleet of thirteen first class Steamships to the above porta, invite attention to the quick timo and regular despatch aflorded to the business public in tho Cotton States at the PORT OP CHARLESTON, Offering facilities of rail and sea transportation for Freight and Passengers not excelled in oxcelleuoo and capacity at any other port. 'Ibo following splendid Ocean Steamers are re? gularly on tho line: TO NEW YORK. MANHATTAN, GEORGIA, M. S. Woodhull, Commander. S. Crowell. Commander. CHAMPION, SOUTH CAROLINA, B. W. Lookwood, Commander. T. J. Beckett, Commander. CHARLESTON, CLYDE, Jamoa Berry, Commander. J. Kennedy, Commander. JAMES ADGER, ASHLAND, T. J. Lockwood, Commander. - Ingram, Commander. JAMES ADGER & CO., WAGNER, HUGER & CO., Agenta, Charleston, S. C. WM. A. COURTENAY, Agents, Charleston, S. C. TO PHILADELPHIA. VIRGINIA, EMPIRE, Alex. Hunter, Commander. C. Hinckley, Commander. S.ULINO DAYS-THURSDAYS. WM. A. COURTENAY, Agent, Charleston, S. C. TO BALTIMORE. FALCON, MARYLAND, Hainio, Commander. Jobnsou, Commander. SEA GULL, Dutton, Commander. Sailing Dav?-Everv Fifth Dav. PAUL C. TRENHC1.M, Agent, Charleston. S. C." Rates guaranteed as low aa those of competing lines. Marino Insurance, one-ball of ono per cent. THROUGH BILLS 8F LADING AND THROUGH TICKETS Can be had at all the principal Railroad Cilices in Georgia, Alabama, Tennessee and Missis? sippi. State Booms may bo secured in advance without extra charge, by addressing Agents of tho Steamships in Charleston, at whoso offices in all cases tho Railroad Tickets should bo exchanged and Rorths assigned. Ibo Through Tickets by thia route include Trausfers, Meala and 8tato Room, while on shipboard. Tho South Carolina Railroad, Georgia Railroad, md th? ir connecting linea, have largely increased tin ir facilities tor tho rapid moven mt ol En ip ld and Fasstngerh between the Northern citica and the South and West. Comfort able Ni^bt Cars, with the Holmes Chair, without extra charge, bavo been introduced on tho South Carolina Railroad. First clase Eating Saloon at Branchville. Ou the Georgia Railroad first class H< ( ping Cars. Freight promptly transferred from Steamer to day and night trains ot the South Carolina Railroad. CIOBO connection made with other Roads, delivering Freights at distant points with great promptness. Tho managt ra will use evo y < xerti? n to salish their patrons that the lino via Charleston cannot be surpassed in despatch and the safe delivers ol goods. For further information, applv to J M. SFLKIUK. Sunorinttudent, Charl?sion, S. C.; B. D. HASELL, General Agent, P. O. Box 4 979; Ofliee 317 Broadway, N. Y.J S. B. PICKFNB. General Passenger and Ticket Agent, South Carolina Railroad. AbFltED L. T\lEH. June 20 iGmo vice-President Scuth Carolina Railroad, Charleston, S. C. BIBBY mann nunns! THE BEST IN THE MARKET! CHOICE und oelect FAMILY GROCERIES, full aeeortmcnt of Sugars, Coffees-Ri??, lava and Lacnayra; Teas of all kinds; Chocolates, Broma, bpiccs, Pickle*, Batist a and Table Dressings oi all kinda and des'-riptions, Cht? sc - hop-Sago, Fa ct ?ny, l'iuo a} plc aid ot h ti e. A mu s i ? ? k ? I the l?st lo m.t's ol FAMIXIT FUGUE, In barrels and packages, consisting in part of Nonpareil, Madison and Highland. Also, Oatmeal, Pearl Grist, Hominy, Corn, etc.; Table and Liverpool Salt, Biscuit and Crackers of all ki.ids, Eng lish and American. Potatoes, Onions and otb? r Vegetables coral andy on hand to supply retail trade. A full supply of all kinds of FANCY BOATS, including Colgate's bcBt toilet, and that for dorntBtic purposes. Canmd Goods of every description. Jello s and Preserves, bcBt family Butter, Lard, Molasses of all grades, Meats. Hams, Diied Beef. Tongue-, Bacon Stripe, Bellies and Sides. Also, a full assortment of FISH, including lost No. 1 and Mess Mackerel, and Smoked and Pickled Salmon, etc, Particular attention is invited toonrful) stock of LIQUORS Embracing tho boat brands, foreign and donn etic. to bo found in thu market. CHAMPAGNES of al) popular brande; SheincB, Madeira, Port and Catawba Wines of all kinds, and Bitters of every grado. Also, English, Scotch wild Br?m?n ALES, of tho following brands: McEwen'a, Muir A- Sons', Young? r's, etc., etc. uf Especial attention is called to our MONOGRAM and other ly WHISKEYS, tho beBt in the market for family UBO or medicinal ^ purposes. Also, to our BRANDIES, including tho best Uivcrt Ptllevoison, Larroudo Fros. Cognac, vintage of 1805. Also, GINS, Palmetto and ?Swan brands. All import? d and warranted ._ good. AIBO. we have tn band a full etot-k of choice CIGARS and ^BR*V*' CHEWING TOBACCO, Baglry'a Fine Cut, cte. Asl? ck of BAGGING and COTTON TIES, and other articles for plantation use. In fact, eveiylbing needed orto bo round in a first class Grocery Blore, and at prices to suit the times. We warrant our gooda first class, and invite an inspection of them. HARDY SOLOMON, Oct G Columbia Hotel Block. YELL OJW_L I N El FAST FREIGHTS TO AMI FROM SOUTHERN CITIES, Via Charlotte, Columbia and Augusta Railroad, North Carolina Bailroad, Raleigh and Gaston Railroad, Seaboard and Roanoke Bailroad, and StearneT between Portsmouth and New York, Boston, Philacfc-phia ana Baltimore ! THE ABOVE-NAMED RAILROADS, in cou ne dion with tho Steamer Lines, having unit- d 'in forming a Fast Through Freight Line, to be (known as tho YELLOW LINE, will put in opera 'tion.on the 4th of September, a FAST TH ROUGH FREIGHT SCHEDULE between Columbia and Augusta and the abovt-iiamt<1 Northern cities. Tho attention of shippers end receivers of freight is called to the following advan? tages offered by the line: It is almost entirely an inland route, by which rates of insurance nod risks of delay from bad weather aro greatly reduced. There is no diayago, and no transfers, except under cover. Daily Steamers will mn between Portsmouth and Ballimore, Philadelphia and New York, and freights will havo prompt despatch. Rates and classifications the Berne as by ot lu r routes. Through bille of lading given and cleime promptly adjusted. tW HAVE GOODS MARKED "VIA YELLOW LINE." .%* , For further information, apply to E. P. ALEXANDER, Superintendent Charlotte, Colombia and Argue ta Railroad. E. B. DOHSBT, General Freight and Ticket Agent. Bept 9 Brno S. STRAUS & BRO Ie tho place where you eau buy The Best and the Cheapest CLOTIIING AND GENTS' FURNISHING GOODS. WE arc now prepared to exhibit one of the most choice aud aeloct Stock? over offered io thia markst, and At Astonishing Xow Prices. Our motto is "QUICK SALES ANT) SMALL PROFITS.". " Oct 8 Drawing; Postponed item October 1, 1871, to January 1,1872. In Consequence of (be Ftver In Charleston, S. C. $500,000 to he Given Away! The South Carolina Laud and Immigration Association, BUTLER, CHADWICK, GARY & CO., AOENXS, UNDER tho auspices of the "Boulli Carolina State Ag? ?culturo)' ard Mechanical Society," will give a series of CONCERTS, at thc Academy of Music,Charleston, S.O.. commcr c iiig January 8. 1872. Refere to ail tho bankers, brokers and prominent gentlemen of the country, both North and South. 150,000 Season Tickets of Admission, at $5 Each. If you havo not received a circular, semi tor ono, giving full particular. All orden* strictly confidential. 2,405 Gifts, Amounting in all to $500,000. Tho drawing of HUH great Southern tnt el pi itt ?ill be conducted nb der the tupijvit-ie n.of the following well known gentlemn: Gen A II Wiight. td Octigia; 0?n. Pradlej 1. Job ii - BOO, of Virginia: Col. I). H. Rutledge, ol South Caroona; Bon. lingi rA.Tryor, of hew York. Money for Ticket H can be sent either by Ii sprees 01 l'on C Uko Order, and tho Tickets will bo promptly forwarded. SS-Direct all lottera to DUTLER. CBADWICK, GARY k CO., Principal < nice, Charleston, S. C. Charleaton, 8. C. GEN. M. C. BUTLER; Jon* CHADWICK. GEN. M. W. GABT. Oct 1 3mo GRAND PRIZE DISTRIBUTION! rjlICKETS to the Concerta of tho SOUTH CAROLINA LAND AND IMMIGRATION ASSO? CIATION ready for salo and delivery. All orders from the country promptly Ailed. Agents wanted for the Counties of Lancaster, Lexington, Spartanbnrg, Greenville, Abbeville, Oco nee and PickenB. Apply to . D. GAMBRILL & CO., J une 6 General Agents, Columbia, S. 0. THE UNIVERSAL LIFE iismiuJNRknifiiT! The Original Stock Life Insurance Company of the United States. OFPICEIIS: WILLIAM WALKER, President. HENRY J. FURBER, Yice-Prcaident. JOHN H. BEWLEY. Secretary. GEORGE L. MONTAGUE, Actuary. - E. W. LAMBERT. M.D., Medical Examiner. -o THIS COMPANY offers the following IMPORTANT ADVANTAGES to thoso about EFFECTING INSURANCE ON THEIR LIVES: 1. Insurance at Stock Ratea, being fro in 20 to 30 per cent, less than the ratea charged by mutual companiea. 2. Each Policy-holder ia regarded aa a Stockholder to the extent of one Annual Premium on bia Policy, and will sbaro in the Pi elita of thc Company to the same extent as a Stock? holder owning an equal amount of tho Capital Stock. 3. Every Tobey isauca by the Company is u'on'forftitable, and contains a .'clause slating Us exact Surrender Value. . . lief ore Insuring your Life or accepting the Agency of any Company, \ IU?AI) T HIC, FOLLOWING? A lengthened experience has demonstrated (but tho rates of premium ordinarily charged j hy lifo insurance companiea are from twenty-five to thirty per cent, in exec SH ot what are ne? cessary for a safe and legitimate conduct of the bnsinesB. In other words, carefully and j prudently-managed companies charging "mutual" rates have been ablo to return to their policy-ladders from 25 to 30 per cent, ot the amount charged for premiums. When life insutanco companies were first organized, reliability of the data upon which pre? miums wero constructed had* not undergone test of experience It waa thought, thorefore, no moro than common prudence to adopt a ten le of premiums which would, in any event, meot all tho presumed and unforeseen cotitiugeiicii a of tho business. Aa long as the matter waa involved in sumo doubt, it was better to lix tho rato too high than to incur the risk of mak? ing it too low; because, in the former case, tho error could be eaaily rimedied. st least in part, by returning to the policy-holders, at ctrtain intervale, such poi doa of the premium charged na waa found necessary for Ibo purposes of Ibo business and the completo security* of the company. Experience, however, having satisfacto il) demonstrated that these rates arc excessive, what possible excuse can there he fer maintaining them? Availing themselves of this experience, the Directors and Managers of tho Universal Life Insuranco Company, at its organization, adopti d a ??calo nf premiums in accordance there? with, and which has proved to be fail and adi quate, and all that waa necessary to meet the requirements of the business. These premiums aro about twenty-flvo per cent. lower i h an those chargo by mutual compancia. It also appeared, iuatmuch as the ratea so established were as near as could possibly be determined fair rat en, and not in excess of what insuranco has previously cost tho policy-holders in mutual companies, that any profita arising from prudent management justly and properly belonge d to the stockholders of tho company, for the risk incurred by them in undertaking the business. Experienco has shown tina there aro sources of profit in tho practice of the business which theory aili not admit of being considered aa clements in the calculation ol the premiums. Thean refnlts form a saving in the mortality of the members of a company owing to the me? dical selection of good lives, a gain in interest on the investments of the company over that assumed in tho calculation of ita premiums, the' profits derivable from the lapBing and Bur? ren der of policies by the members, and from other minor sources. Profits from these sources, in a company possessed of a capita1 of $200,000, and doing a fair amonntof bo Bin eso, would givo to the stockholders dividends largely in excess Of what were counted on by the Direct ore of tho Universal at tho timo of its organization. They have, therefore, determined to divido among the policy-holders of tho company a largo pa?t of the profits scorning from tho sources named, all of which have heretofore been divided among the stockholders. Tho plan adopted for such division is aa follows: Every person who may hereafter insure with tho Universal will, for tho purposes of division, ho treated as a stockholder to exttnt < f ono annual premium upon bia policy; and will sbaro in tho prod ta of the company to precisely sarao extent aa a stockholder owning an equal amount of the capital stock. Ry thia syatem of insurance, original with the Universal, tho policy-holder securcB the fol? lowing important advantages: , 1. Insurance at tho regular "stock" rates, requiring a primary outlay of about twenty to thirty por cont, less than that charged by mutual companies, and which is equivalent to a yearly "dividend" paid in i dvsnco of that amount on mutual rates. This low cost of insur? anco is worthy of attention. Since its organization, thia company boa received in premiums from its policy-holders the anm of $1,517.000. To effect the samo a mount of insurance in s mutual company wonld havo coat them an initial outlay of $2 OOO.COO By allowing ita policy? holders to retain, in their own possession, thia excess of $463,000, the Universal has virtually paid them a "dividend" of $483,000. and paid it, too, in advance, instead of at Ibo end of one or moro years. It ie impossible to find any example cf a mutual company furnishing insur? ance at so low a coat by roturning to policy-holders au equal amount upon similar receipts. 2. Participation in tho legitimate profite of the company, npon a plan whiob secures to tba pnlicv-holdcrn the URTU?, treatment which directors and stockholders award to themselves. This system of participation, in connection with tho low "stock" rates of premiums, muai necessarily securo to tho policy-holders every possible advantage to bo derived from prudent and careful management. Tho low rates e.f premium con e.el economy, and, independent of participation, guarantee to tho policy-holder bia insurance at a rate which is not in excess of the coat in well managed mutual companiea; while, by tho proposed plan of participation in what may bo considered the legitimate profits of tho business, the coat will bo still further diminished. thus by tho com bi ned advantages arising from low stock rato and participation in profits, it is conn icntly boliovod tho UNIVERSAL LIFE INSURANCE COMPANY offers insurance at ita lowest practioablo coat. Those or tho existing policy-holders who deairo to participate in the profita under tho new plan cando so by making application to tho head office, or to any agents of tho company. Tho company ie In a sound financial condition. Ratio of assoie to liabilities 186 to 100. ay GOOD RELIADLE AGENTS WANTED, who will dosi direct with tho Now York offioj. and to whom full general agents' commission a will ba paid. M. W. GARY and M. C. BUTLER. State Superintendents of Ager.oleo Office on Riohardaon street, opposite Colombia Hotel, Columbia. fcj. O. Sept