The daily phoenix. (Columbia, S.C.) 1865-1878, November 02, 1871, Image 4
THE FBffiNIX.
SVUlWlMBDUUOBItlO. .
BY JULIAN A. SELBY,
KDITOa AltD laOPEHTOB.
^ttoe OH Main Street, above Taylor.
tarBook aod Job Printing of every deaorip
. ion promptly aaa faithfully attended to.
.tnieVted-fn ^e^KSatWSwU ^jp^n?U
-..'ortho Btat abd GO cents each eubeefataent In'
. isrtlon'. Long advertiaement* by tho Week,
month Or year, at reasonable ratee.
. ' . . ?CBaOWWIO?.
Daily, six months, I? 00; Tri-Weekly, 9 61;
weaily;'! W. :,-.-.! itt:
A li?BGS APf^xxxM.-The Marysville
(Cal.) Appeal, of May 21, ia resp on Bible
for the following:
, "Can I get my*dinner here, air?" said a
' long, leah, hungry-looking Bpeoimen?of
.Immunity, stepping np to tho bar bf the
Merchants' Hotel, yesterday.
"Tee, I reckon,"responded "the Ge-.
neraL". who happened to be behind the
counter.
We looked at the applicant. He had
broad hipa He had hollow, long jaws.
Ho wore a hollow stomach. In fact, ho
was not fall-chested. He looked like a
dangerona-castomer, where unprotected
food was' left lying around loose. He
entered.the dining-room and balled for a
portoi-house steak. Ho got it; also, po?
tatoes, bread, soup, vegetables, pie,
coffee, and sundry other things. By and
by the table was cleared, and he then or?
dered a motton chop. This, with the
trimmings, vanished also. Then he
called for a pork ohop. He got it, and
into the cavernous recesses of that India
robber-stomach it disappeared also. The
waiter sat down, completely exhausted.
The cook wept. After eating a cold
lunch, the Stranger arose, his stomaoh
foreboding .immediate dissolution, for
"corniag events oast their shadows be?
fore," and walking np to the bar asked,
in a soft a rfd wheezing voice:
"How mach do I owe yon, ?ir?"
- "Not a cent, sir," replied the General;
"I am your debtor. I have to pay six
bits daily for tho re?ase cart to take away
the rubbish-yon havo saved me the
trouble. Take a drink," and he took it.
The Dake of Edinburgh is said to
have lately told the Prince of Wales:
"You'll never be King Of England."
'.'Why not?" "Why, Jong before the
?nooenion is opened they will make a
role that it shall depend on competitive
examination; nnd I'll beat yon then by a
long chalk." ~
The Cottage House Restaurant.
wffljSfe. MB. O, H. DUHME. proprio-fJC}
/yff3?|s.lor of tho OOTTAQ? HOfjBE.Uffl
V s vse*1 Wa shin g ton street, next door V
to Masonic Hall, dusiros to iniorm his friends
that hf, baa opened a ?tofc-elaes RE8TAU
. BANT, and will furnish, at short notice, OYS?
TERS in every atyle, Soups, Game and other
relishes. Call at the . Cottage House and
make yourself merry. Oct 22
The Exchange Honse.
J WELL kiowa as "tho place"
'whore the beat of drinkables
and eatable** are furnished, ia
ia the full tide -of prosperity. The whole
house has boen pat ia perfect order, and the
proprietors guaran te o that guests can obtain
all th* deUoaoiesof the season-OYSTERS,
PISH, GAME. ?to.
Oct IS PAY8INOBB A FRANKLIN
THE CAROLINA HOUSE
IB onoe more open to the public, under
[the superintendence of Mr. B. BAUltY.
' The reputation of the honse will be kept
ap, AuguetSl
SELTZER
Treat ?lie Hunmn Blarlilne Gently.
The winding passage, thirty feet in length,
through whioh the main portion of wanto
matter of the system is discharged, ia lined
with a membrane as delicate as Bilk, and aa
sensitive as a net work of nerves can make lt.
Neither constipation, eolio, diarrheas, dysen?
tery, nor any other bowel complaint, can be
cured bj abusing and convulsing tbia tender
5?mhnnA with a furiona purgative. The
best and safest *amedy in such cases in that
mild balsamic and delightful tonio laxativo,
TARRANT S SELTZER APERIENT,
which heals, tones and invigorates the irri?
tated test ines, while it relieves them from
the morbid humors which provoko abdominal
diieaae.
SOLD BY ALL DRUGGISTS. Oot 2? {4
MANUFAOTUBEB AND DEALER, No. 20
H ayn o street and Horlbcck'a Wharf.
Charleston, S. O. This is tho largest an?
most complete factory of tho kind in tho
Southern Ststea, and all articles in thia linc
can bo furnished by Mr. P. P. Toale at prices
which defy competition.
SW A pamphlet with full and detailed Hut
sf all sizes of Doors. Sashes and Blinda, anil
the prioes of each, will be sont froo and post
paid, on application to
Joly ll ilvr_P. P. TOALE.
^American Club Fish.
>5e"tf^?* A DELICIOUS relish; bottor
(nd much oheapor than Sardines. For salo
hy_h. HOPE.
STOCKS, BONDS ?nd COUPONS bought
and sold by D QAMBRII.Ii. Broker.
beoure tickets in the Columbia Co-opera
J4 ve Building Asaooiatioa.
? nive rial Lifo Iiirarar.ce Co ap wi y.
WE are desirous of securing th* eervicei |
of a naif dozen ao?ve Canvasing 1
Agent? Tn South' Carolina for tho Un Werai!
Life Inattra&oo Company, of New York, with
Whom liberal termo w I ll be made* ? We d?e ire
ab? responsible Local Agents for aaoh town,
plate Superintendentsof Aj-enide-.
COLUMBIA, 8? Cf., September 8,1871.'
Sept 9- ;," '. . . ' . " '?
ABOBCrE PAGE & CO.,
( JPb^ ?jfe Shrpeder 'Blreet. Baltimore, lfd.,
"bl Manufacturera of
' POHTABLB AND STATIONARY
STEAM ENGINES AND BOILERS,
Patent Improved, Portable ?
CIHCOLAR BAW HILIiS,
G4NG. MULATAND. SASH SA WMILLS, \
4 ^ BIBT MILLS, TIMBER WHEELS, 8HIN
XX OUt M AOH1N ES, Ao. Dealer? in Circu?
lar Saws, Belting and Mill supplies generally,
and manufacturer's agenta for Letters Cele?
brated Turbine Water Wheel and every de?
scription of Wood Working Machinery.
AGRICULTURAL ENGINES A SPECIALTY.
sa-?end for descriptive Catalogues and
Price Lists. May 23 m ly
A. B. MULLIGAN,
COTTON FACTOR,
CHARLK8T01?, B. C.
(rr-r-rxy I WILL, when placed in funde, pnr
Lv^A^cbaao and forward all kindH of Mer
BHWchaudizo. Machinery, Agricultural Im
pigments, Fertilizers, Ao._Oct 6 ?jj
GOODMAN'S
Clothing Bazaar.
Mil [Grand Opening
JBP ? Fall and Winter
Jgfei CLOTiiiXG, HATS
^f'i?^'h^i1 't'-'B Furnishing Oooda.
tp-;^T-'^^F!:?"|3?MBBAOIMa all the
vB-S>IP^'i-iMHB noveltioa of tho
^TBajT .1 "'"|HWi- We dosiro to
wBfiff- 'TO?WH Cft11 t?0 attention of the
^ySkw. ,'Wi 'mS publie to our LARGE
^?jjlBSaB ?TOOK,whiohforqnan
^BII?B?TO i5*^110^0 eurpasBed in
HI JftjfjW the city-every article
yfey(3fc]?Bf being of ouBtom make
m?&fcdjr ?ud especially adapted
?R^y^r to thia climate. We in?
ti Jp%3atr tend to keep op with
J$??jj& the times in catering to
-o* Wsi&Un tno taatoa of our OU8
'?fr&j^y Wfct tornera and shall, ae
^Ml^W heretofore, apply onr
^ selves striotlv to tho old
adage, "Quick sales and
small profits." Try ns oefore pnrohaeing
elsewhere. GOODMAN A SON,
Sept 26_ Main utreet.
Sixty-five First Prize Medals Awarded
- ?^"j.jffK. A THE O HEAT
?^^P*^^^?Southern Piano
Jr VI fl '?IT B
WM. KNABE&Oa
Manufacturers Grand, Square and Upright
PIANO FORTES,
BALTIMORE, MD.
THESE instrumente have been before the
pnblio for nearly thirty years, and upon
thebr excellence alone attained aa unpurchas
edpre-eminence, which pronounces them une?
qualed. Their
TONE
Oom bin OB great power, sweetness and floe
singing quality, as well as great purity of in?
tonation, and sweetness throughout the entire
soale. Their TOUCH
Ia pliant and elastic, and entirely free from
the stiu?css f?nsd ir. sc pianos.
IN WORKMANSHIP
They are unequaled, using none bnt the very
best seoAoned material, the large capital em?
ployed in oar business enabling us to keep
continually an immense etook of lumber, Ac,
anhand.
?9~ All oar square pianos have onr now im?
proved OVEBUT UUNO SCALE and Agraffe Treble.
?9* We wonld call special attention to our
late improvements in GRAND BIA NOS and
SQUARE GRANDS, patented August 14,
1866, which brings tho piano nearor perfection
than has yet been attained.
Every Plano fully Warranted lor 5 Years
We have made arrangements for the role
dholesale agency for the most celebrated
PARLOR ORGANS and MELODEONS,
which we offer wholcealo and retail, at lowest
factory prices. WM. KNABE A CO.,
May 23 gfOmo_Baltimore. Bid.
6ENTRAL NATIONAL BANK
OF COLUMBIA, S. C.
Present Capital, $150,000.
---- ? .
AUTHORIZED CAPITAL, 95O0.00O.
ornons.
John D. Palmor, president.
A. G. Brenizur, Cashier.
C. N. G. Butt, Assistant Cashier.
DIRECTORS.
J. Eli Gregg, John B. Palmer, F. W. Mutan?
ter, R. D. Senn, or lt. D. benn A Son; G. W.
Dearden, of Copeland A Dearden ; II. L. Bryan,
of Bryan A M?Carter; W. C. Swaffitld, of lt.
A W. C. Swaffleld.
F. W. McMastor, Solicitor.
THIS Bank is now opon for tho transaction
of a general banking business.
CEBTIEIOATES or DEPOSIT of currency or
coin, bearing interest at tho rate of seven (7)
per oont per annum, in kind, will bo issued.
Deposits from County Officers especial); so?
licited: also, from Trustees, AdnHnUtrafors,
Executors, Professional Men, and others.
Par ti cul ar attention given to account H of
City and Country Merchants, and other busi?
ness men, and tho usual accommodations ex?
tended.
Nofcs, Bills of Exchange, and other evi?
dences of debt discount ed, and money loaned
on collaterals.
Slocks, Bonds, Gold, Silver bought and sold.
Mutilated Currency purchased at a oma!!
discount.
Sight Drafts drawn direct on all the promi?
nent placeB in England, Ireland, Scotland,
France, Germany, Belgium, Holland, Den?
mark and the Orient, letters of Credit issued,
I ayable iu any of the above places
Drafts on all the prominent cities in the
United Staten bought arni sold.
Banking Honso opposite Columbia notol.
Open from 9 to 3._Feb 28 ly
SPECIAL ATTENTION given to thoo ol
lection of Commercial Paper, Interest
on State and Railroad Bonds and Stocks, and
Conversion of State Seourtties. by
Nov 28 fimo P GAMBRILL. Broker.
Yon may secure a valuable prize by pur
ohasiog a tioket ia tho Columbia Co-opera"
tive Building Aosoolatini.
Hess's Hots!.
IN view.of the influx of vi
I aitor* to Columbia, oqoasloned
by the prevalence of tho yel
_.low fever: In Oh ar leaton, ithe
ir u^ROSE^ HOTEL b^aa conolnded
monition of the pubilett' ODce, and therofore
withdrmwa the pronoMs/ he JIM heretofore
made for it? a ate or lea?e.?
The Hotel wjll henxaToTward be oondnoted
as a first olasa' house ofentertainmont, and
spocial provision will be made for the comfort j
and convenience of families..
Carriages and an Omnibus will be found at
every arriving train. W. E. BOSE.
Angnst 80 _' _;J_
Gruna, Pistols, Etc.
I INFORM my friends and
tubllo in genoral that I have
last received an entire new
'stock of Double and Bingle Bar?
rel GUNS, BEPEATEB8, Flasks, Pouches,
Pistol-Belts, Caps. Buck-Shot, Cartridges.
Cartridges for all kinds of Pistols, Powder |
and Shot.
ALSO.
REPAIRING done at short notice.
Oct 8 P. W. KRAFT. Main street.
Seegers' Beer is Fore.
IT don't contain Cocooalua Indinus Fish
Berries to make sloepy or headache._
Native and Foreign Wines.
80UPPF.RNONG, Concord, PautcrnB, Cla?
ret, Champagnes, just received and for
sale low, by_E. HOPE.
WARFIELD'S COLD WATER SOAP.)
THIS 80 AP washes perfectly in cold water,
soft, hard or salt. It removes greaso.
oil and paint from garments. It washes ali
kinds of goods-cotton, flannel, eilkor woolen.
It oleanaea silver, plated ware and jewelry
without scratching. It the articles are much
tarnished, rub them with a piece of flannel
which has plenty of tho Soap on it. To people
who do their own waBbing, it is invaluable.
It will eave its cost in ono wabbing. For sale,
in boxes of thirty-six bars, hy
EDWARD HOPE,
April 0_Agent for South Carolina.
The raffle for Temperance Hall, Ac, will]
positively take place on the 10th November.
CITIZENS' SAVINGS BANS
SOUTH CAROLINA
Deposits of SI and Upwards Beceived,
INTEREST ALLO WED A T THE RATEOlr
SEVEN PER VENT. PER ANN UN,
ON CERTIFICATES OF DEPOSIT*
AND BIX PER CENT. COM?
POUNDED EVERY SIX
MONTHS ON ACCOUNTS.
OFFICERS.
Wm. Martin, President.
. }ffi?:5^\f
A. G Bremzor, Cashier.
J. H. Sawyer, Aaaiatant Cashier, i
oharge of Branches.
John O. B. Smith, Assistant Cashier.
Director*.
Wado Hampton, William Martin. A. C. Has?
kell, F. W. MoMaster, John P. Thomas, E. H.
Heinitsh, John B. Palmer, Thomas E. Gregg,
Oolunbia.
J. Eli Grogg, Marlon.
G. T. Scott, Newberry.
W. G. MayoB, Newberry.
B. H. Rutledge, Charleston.
DanielRavenol. Jr., Charleston.
"Mechanics, Laborers, Clerks, Widows, Or?
fihans and others may here deposit theirB&V
ngs and draw a liberal rate of interest there?
on. Planters, Professional Mon and Trustee!
wishing to draw interest on their funds until
the; require them f?r business or other pur?
poses; Parents desiring to set apart small
tums for their ohildren, and Married Women
and minors (whose deposits can only be with?
drawn by themselves, or, in caso of death, by
their legal representatives,) wicking to tay
aside funds for futnre n BO. aro hero afforded
an opportnnity of depositing their means
where they will rapidly accumulate, and, at
tho same time, be subject to withdrawal when
needed._Aug 18
Refined Oil.
COTTON SEED REFINED OIL, by tho gal?
lon or barrel. Also, in glasse, pints and
quarts. For salelow._E. HOPE
COUNTY CLAIMS ANO JURY CERTI?
FICATES bought bv
Feb G D. G?MBRILL. Broker.
GREAT SOUTHERN*
PREISET. kn fISSUM UH,
TIA
CHARLESTON, S. C.
TO AND FROM "
BALTIMORE, PHILADELPHIA, SEW YORK, BOSTON,
AND ALL THE NEW ENGLAND MANUFACTURING CITIES. !
THREE TIMES
gr A WEEK.
Tuesdays, Thursdays, Saturdays.
ELEGANT STATE-ROOM ACCOMMODATIONS.
Sea Voyage 10 to 12 Hours-^^^^^^^Shorter via Charleston,
TOTAL CAPACITY, 40,000 BALES MONTHLY.
The South Carolina Railroad Company,
AND connecting Roads West, In alliance with thc fleet of thirteen first class Steamships to
the above ports, invite attention to the quick time and regular despatch afforded to tho
businesB public in tho Cotton States at the
PORT OF CHARLESTON,
Offering facilities of rail and sea trant-portation for Freight and Passengers not excelled in
oxoellcuce and capacity at any other port, lite following splendid Ocean Steamers aro re?
gularly on the line:
T O !? E \V Y O R K .
ATA Nil A T TA N,
M. H. Woodhull, Commander.
CHAMPION,
R. W. Lockwood, Commander.
CHARLESTON,
James Berry, Commander.
JAME8 ADOER,
T. J. Lockwood, Commander.
JAME8 ADOER & CO.,
Agenta, Charleston, S. 0
T O
GEORGIA,
S. Crowell. Commander.
SOUTH CAROLINA,
T. J. Beckett, Commander.
CLYDE.
J. Kennedy, Commander.
ASHLAND,
- Ingram, Commander.
WAGNER, HUGER A CO.,
WM. A. COURTENAY,
Agonta, Charleston, 8. G.
PHILADELPHIA.
VIRGINIA, EMPIRE,
Alex. Hunter, Commander. C. Hinckley. Commander.
BAIX.IXO DAVA-THURSDAYS.
WM. A. COURTENAY, Agent, Charleston, H. C.
TO BALTIMORE.
MARYLAND,
Jubnaon, Commander.
FALCON,
Hainie, Commander.
SEA GULL,
Dutton, Commander.
Sailing Days-Every Fifth Dav.
PAUL C. TRENHOLM, Agent, Charleston, 8. C.'
Ratea guaranteed aa low as those of competing Hues. Marine Insurance, one-half of one
per cent.
THROUGH BILLS OF LADING ARD THROUGH TICKETS
Can bo had at all the principal Railroad Oflicca in Georgia, Alabama, Tennessee and Missis?
sippi.
Stato Rooms may bo secured in advance, without extra charge, by addressing Agenta of
the Steamships in Charleston, at whoso offices in all caooa the Railroad Tickets should be
exchanged aud Berths assigned. Tho Through Tickets by this route include Transf?ra,
Meals und State Room, while on shipboard.
The South Csrolina Railroad, Georgia Railroad, ard their connecting lines, have largely
increased their facilities for tho rapid moven.cut ot Freight and Paasi tigers between the
Northern cities and tho South and West. Comfortable Kiiiht CarB, with tho II ol ni es Chair,
without oxtra charge, bavo been introduced on the South Carolina Railroad. First class
Katine; Saloon at Branchville On the Georgia I. aili end iii st clui-s M< < pu g Curs.
Freight promptly transferred from Steamer to da> and night trains ot the South Carolina
Railroad. Closo connection made with other Roads, delivering Freights nt distant points
with great promptness. The managtrs will uso evuy ?xcrtit II lo salish their patrons that
tho lino via Charleston cannot bo sui passed in despatch and the mti delivery ot goods.
For further information, spplv to J M. SELKIRK, Superintt mit nt, Chm 1? sion, s. C.; B. D.
H ASHLI,, General Agent, P. O. Box -1 079; Cfllco un Broadway, N. Y ; S. It PICK? vs. General
Passenger and Ticket Agent, South Carolina Railroad. Al.KREO L. Ttl.Kit,
June 20 lGmo Vice-Preaident Scutb Carolina Ruilioad, Chm h i ton. H. C.
HOY SHU'S CUES!
THE BEST IN THE MARKET!
CHOICE and ecket FAMILY GROCERIES, full assortment or
Sugara, Coffees-Rio, lava and I.agnayrs; Teas of all kinds;
Chocolates,Biuma, spices, Pickles, Paneta snd Table Dressings
ol all binds and dis< riplu ns, Che? er-Hip hs go, Fnctoiy, Pine?
al pie ht.<\ ot 1M : ti.
A Url ?it ik 11 tl.t lill bim da of
FAMILY FICHU,
LIQUORS
F.mbrnoing tho best brands, foreign and domestic, lo bo found
in tho market. CHAMPAGNE K of al) popular brands; shci r.i e, /
Madeira, Port and Catawba Wines of all kinds, and Bitters ol (A
ev*-ry grade. Alan, I nglish, Scotch and Ri i nu n ALES, of the n
following brands: McEwan's, Muir A Sons', Young*r's, etc., etc. Mit
Especial attention is called to our MONOGRAM and oll er?a
WHISKEYS, thc best in the market for family uso or medicinal x\
Purposes. Also, to our BRANDIES, including tho best Divert
'ellevoison, Larroudo Fres. Cognac, vintage of 1805. Also,
GIN9, Palmotto and Swan branda. All import! d and warrsnted .._?SOM ,
good. Also, we have t n hand a full stock of choice C10A1.S and
CHEWING TOBACCO, Baglty's Fine Cnt, etc. A stock of HAGGING and COTTON TIES,
and other articles for plantation uso. In fact, evetyihing nrcded orto ho'onnd in a first
class Grocary Store, and at prices to suit the times. Wo warrant our goods first class, and
invite an inspection of them. HARDY SOLOMON,
Oot 6 Columbia Hotel Block.
8. STRAUS &:BR?T
Is the placo where yon can bey
" The Best and the Cheapest
CLOTHING AND GENTS' FURNISHING GOODS.
'ii > ;<?t~
t :.: i?ti .r
WE are now prepared to exhibit ono of the most choice and select Stocks eyer offered io
thiB market, and
. ". t : J fe ;. .? : . ???>.< .t. i-,?4, .. . {?...J j-.fe?i'=}.-? ? ?Ot !..
At Astonishing Low Prices.
[ - v ' ' . ' >i i hi ;.. "oi .,d
Our motto is "QUICK SALES AND SMALL PROFITS." Oct 6
Drawing Postponed from October 1, 1?71, to January 1,1872;
In Cons?quence of the Fever lia Charleston, s. c.
$500,000 to be Given Away!
The South Carolina Land and Immigration Association,
BUTLER, CHADWICK, GARY & CO., AGENTS, -,
UNDER tho auspices of the "South Carolina Btate Agricultural and Mechanical Society,"
will give a series of CONCERTS, at the Academy or Music,Charleston, S.O., commenc?
ing January 8.1872. Refers to all the bankers, brokers and prominent gentlemen of the
cquntry, both North and Booth. ' \'
150,000 Season Tickets of Admission, at $5 Each.
If you havo not- roccived a circular, send for one, giving foll particulars. AU orders
strictly confidential.
2,405 Gifts, Amounting in all to $500,000.
Tho drawing of thia great Southern enteipiiee viii be concluded under the supervision of
the following well known gentlemen: Gee A. R. Wiight, of Georgia; Gen. Bradley T. John?
son, of Virginia: Col. B. li. Rutledge, ot Booth Carolina; Hon. hoper A. Pryor, of NeWTork.
Monoy for Tickets oan be sent either by Express or Pout tilico Order, and the Tickets will
bo promptly forwarded. ? ,
?-Direct all letters to BUTLER. CHADWICK, GABT A CO.,
Principal < Alco, Charleston, S. O. Charleston, 8. C.
GEM. M. C. BUTLER. Jonx CHADWICK. GEN. H. W. GA HT.
Oct 1 Smo
GRAND PEIZE DISTRIBUTION!
?I ..I*. ??v?v
rpiOKETS to the Concerts of the SOUTH CAROLINA LAND AND IMMIGRATION ASSO?
CIATION ready for sale and delivery. Ail orders from the country .promptly filled. Agents
wanted for the Counties of Lancaster, Lexington, Spartanburg, Greenville, Abbeville, ?co
nee andPiokens. Apply to D. G AHB RILL A CO., "<
June 6 _General Agents, Columbia, 8, C..
THE UMWEESAL UDPJB I;
iiniiici JfifiBkciiniT i
LIBERTY STREET, /^^i^T NEW YORK.
The Original Stock Life Insurance Company of the United States.
OFFICERS:
WILLIAM WALKER, Prealdent.
HENRY J. FURBER, vice-President. JOHN H. BEWLEY. Secretary.
GEORGE L. MONTAGUE, Actuary. E. W. LAMBERT. M. D.. Medical Examiner.
-o- '
THIS COMPANY offers the following IMPORTANT ADVANTAGES to those
about EFFECTING INSURANCE ON THEIR LIVES:
1. Insurance at Stock Rates, being from 20 to 30 per cont, less than the rates charged by
mntcal companies.
2. Each Policy-holder is regarded as a Stockholder to the extent of one Annual Premium
on his Policy, and will share in the Profits of tho Company to tho samo extent as a Stock?
holder owning an equal amonnt of the Capital Stock.
3. Every Policy issuou by the Company is non-forfeitable, and contains a 'clause stating ita
exact Surrender Valuo.
Before Insuring your Life or accepting the. Agency of any Company. ,
RUADTHU FOLLOWING*
A lengthened experience has demonstrated that the rates of premium ordinarily charged
by life insurance companies aro from twenty-five to thirty per cent, in excess of what are ne?
cessary for a safo and legitimato conduct of the business. In other words, carefully and
prudontly-managed companies charging "mutual" rates havo been able to return to their
policy-holders from 25 to 30 per cent, of tho amount charged for premiums.
When lifo insurance companies wero first organized, reliability ot the data upon which pre?
miums were constructed had not undergone test of experience, lt was thought, therefore, no
moro than common prudenco to adopt a beale of premium* which would, in any event, meet
all tho presumed and unforeseen contiugencits of the business. As long as the matter vr&s
involved in somo doubt, it was better to lix the rato too high than to inc ur tho risk of mak?
ing it too lew; because, in tho fermer case, tho error could be easily remedied, at least in
part, by returning to tho policy-holders, at certain intervals, euch portion of the premium
charged as was found necessary for tho mirpot-cs of the business and the complete security
of tho company. Experience, however, liaving sat is tacto, il) demonstrated that these ratet
aro excessive, what possible excuso can there ho for maintaining them?
Availing themselves of this experience, the Directors and Managers of the Universal Life
Insurance Company, at its organization, adopte d a ecalo of premiums in accordance there?
with, and which has provea to be fail and adequate, and all that waa necessary to meet the
requirements of tho business. Thcso premiums aro about twenty-five per cent, lower thar,
thof o nhargo by mutual companeis. It also appeared, inatmuch as the rates so established
were as ?tur as could possibly be determined fair rate?, and not in excess of what insurance
has previously cont the policy-holders in mutual companies, that any profits arising from
prudent management justly and properly belonged to thc stockholders of the company, for
the risk incurred bj them in undertaking tho business.
Experience has shown that there aro sources of profit iii ibu practice of Ibo business which
theory will not admit ot being considered as elements in the calculation of the premiums.
These results form a raving in the mortality nf the mcmbtrs of a company owing to the me?
dical selection of good lives, a gain in Interest on tho investments of the company over that
assumed in the calculation of its pvt mi WOP. tlip profits derivable from tho lapsing and sur?
render of policies by tho members, and from other minor sources. Profits from these sources,
in a company possessed of a capita* of (200,000, and doing a fair amount of business; would
givo to tho stockholders dividends largely in excess of what wero counted on by the Directors
of tho Univeisal at the time of ita organization. They have, therefore, determined to divide
among the policy-holders of tho company a large part of the profits accruing from the
sources named, all of which have heretofore been divided among tho stockholders.
The plan adopted for such division is as follows: Every person who may hereafter insure
with tho Universal will, for thc pnrpotCB of division, be treated as a (stockholder' to extent it
ono annual premium upon his policy; and will share in tho profita of the company to precisely
same extent as a stockholder owning an equal amonnt of the capital stock.
Rv thiB system of insurance, original willi tho Universal, the policy-holder secures the fol?
lowing important advantages: , ' ,
1. lusuranco at the regular "stuck" rates, re quiring a primary outlay of about twenty lo
thirty per cent, lesa than that eba)ged hy mutual companies, and widen ls equivalent to u
yearly "dividend" paid in dv&ncc of that amount on mutual ratea. Qbis low cost of insur?
ance is worthy nf attention. Since its organisation, this company baa received in premiums
from its policy-holders tho som ot $1,517 OOO. To effect the samo amount of inautancc ic a
mutual company would have coat them an initial outlay of (2 roo.COO By allowing its poller
holders to retain, in their own possession, this excels of N83.000, the Universal baa virtually
paid them a "dividend" of f-18!l,C00 and paid lt, too, in advance, mutend of at tho end of one
or moro years. It is imposriblo to find any example cf a mutual company furnishing insur?
ance at so low a cost by rolurning ... policy-holders au equal amount upon Bindiar receipts.
'2. Partic ipation iu thu legit m?ate proilts of the company, upon a plan which secures to thc
pnlicydioldeTS the same tre atment which directors and stockholders award to themselves.
This? sy H ten. of participation, in connection with the low "stock" rates of premiums, must
necessarily aecnro to tho policy-holders every possible advantage.- to bo derived from prudent
and careful manageme nt.
The low rate s of premium COP , e-1 economy, and, independent of participation, guarantee
lo tho pobcy-holdi r his Insurance at a rate ?hieb is not in excess of the cost in well managed
unit nal companies; while, bv the pi oponed plan ot participation in what may bo considered
(lie I.-gi! iitiiic profits ol' tho' bindne-sa, tim cost will be still further diminished.
? lum bv Ho- combined advantages arming from low stock rate anti participation in profits,
it is oonfTienth believed the UNIVERSAL LIFE INSURANCE COMPANY offers ineuranco at
its lowest practicable coat.
Those of the e xisting policy-hedders who Cc?\ro t^ participate in tho profits under the new
plan can do so bv making application te tho head e flico, or to anv age nts of tho company.
'1 he company ls in a sound financial condition. Ratio of assets to liabilities 186 to 100.
*3-G00D RELIABLE AGENTS WANTED, who will deal direct with the New York offma,
and to whom foll general agosta* commissions will be paid.
M. W. GARY and M. C. BUTLER,
Ht atc Superintendents o! A?enole.
Ofiios ea Richardson at re ot. opposite Columbia Hotel, Columbia, 8. C. Sept