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THE PH CE NIX.
rCBLIBHBD DAILY A IVO TBI-WUSILT.
SV2BX WEDNK8DA? MORNING. :
BY JULIAN A. SELBY,
EMTOIl AMD PBOFBIKTOB. '
Offlee OB Main Street, above Taylor.
'wBo?k and Job Printing of overy dee erip
\ion promptly and faithfully attended to. j
ADVEUTIB EM ICNT8
inserted in tho Daily at 75 oents per sqnare
for the first and 50 cents oaoh subsequent in?
sertion. Long advertisements by the week,
month or year, at reasonable rates.
Daily, six months, $4 00; Tri-Weekly, 2 6C;
Weekly, 1 BO. ,_, _
Thc t'?nitlcnco ami Future Judgment.
I oat alone with my oonsoienoo,
In a place whero time bad ceased,
?nd wo talked of my former living
In the land where the sears increased.
And i felt I should have to answer
The question it put to mo,'
And to faoo an answer and question
Throughout an eternity.
Tho ghosts of forgotten actions
Come floating beforo my Bight,
And things that I thought wore dead things,
Were alive witb a terrible might.
And the V?B?OU of all my past lifo
Was an awful thing to face
Along with my conscience sitting
In that solemnly ail ont placo.
And I thought of a/ar away warning,
Of a sorrow that wau to bo mine,
In a land that then wae the future,
But now ie the present time.
And I thought of my former thinking
Of the judgment day to bo.
But sitting alone with my conscience
Seemed judgment enough for mo.
And I wondered if there was a future
To this land beyond the gravo;
But no ono gave me an an Bwer,
And no ono came to savo.
Then I felt that tho future WSB present,
And the present would never go by,
For it was but tho thought of my past life
Grown into eternity.
Thon I woko from my timely dreaming,
And the vhdon passed away,
And I knew tho far away warning
Was a warning of yesterday;
And I pray that I may not forget it,
In this land before the grave,
That I may not ory in the future,
And no one come to save.
And so I have learnt a lesson
Whloh I ought to have known before,
And which, though I learnt it dreaming,
I hone to forget no more.
So I sit alone with my consoienoe
In tho placo where the years increase,
And I try to remember the future
In the land where time will cease;
And I know of the future judgment,
How dreadful soe'er it be,
That to Bit alone with my oonstienco
Will he judgment enough for me.
A. "LOST BIVEB."-A loading article in
a late number of the St. Pani Press gave
the following moor nf ol account of the
condition of things at the "head ol navi?
The Mississippi has almost dried np.
The majestic rivor, whose magnificent
volume, 2,000 miles from itsjoutlot, hos
been the theme of the tourist's admira?
tion; BO broad and deep that it seemed
some grand estuary of the sea on whioh
the navies of the world might ride, has
shrunk to a mere ridiculous crook, and
its thin and attennated carrent orawls
lazily, as it were ashamed of its shrank
shanks, among low, red, bare submarino
ridges and beaohes of sand that have
never seen the san beforo, so far as
human knowledge goes, since God sepa?
rated the waters from the dry land. The
water bas never been so low within the
memory of the oldest inhabitant.
Herds of cattle bask in the sun-shine on
the dry bed of the great river ten or
fifteen feet under the level of tho waters
where, a few months ago, great fleets of
steamboats rode at will. Boys with their
trousers rolled np to their knees, sonnd
With their'feet tho grand mysterious
depths whioh have engulfed so many
wayward boys and hapless men, whom
accidents or rashness has entangled lu
the strong, swift undertow.
The Cottage House ?Ustaurant.
J&S?L MR. C. n. DUHME, proprie-fZ^
/^im^lorof tho COTTAGE HOU8E,?B
vas'Washington street, noxt door?"
to Masonic Hall, desires to inform his friends
that he bas opened a first class RESTAU?
RANT, and will furnish, at short notico, OYS?
TERS in every style, Soups, Game and other
relishes. Gall at the Cottage House and
make yonreolf morry._ Oct 23
The Exchange House.
fS\WELL kuown as "the placeman.
^tfJlgF where tho host ot drinkablosffff
and eatables are furnisbod, is WB
in tho full tide of prosperity. The wholo
houao has boen put in perfect order, and tho
proprietors guarantee that guests can obtain
aU the dollcaciea of the season-OYSTERS.
FISH, GAME, etc
Oct 12 PAY8INQER & FRANKLIN.
THE CAROLINA HOUSE
?IS once more open to the public, under
the superintendence of Mr. It. BARRY.
The reputation of the house will be kept
-fl f\f \ BOXES aesortod ORAOKER8.
JWJ\J 100 boxes assorted Canned Goods.
60 boxes Soap.
50 boxes Gandy.
50 boxeB CandloB.
200 barrels Flour.
50 barr?la Whiskey, coming in and in store,
and to whioh wo invite the attention of the
trade._L?RICK tc LOWRANCE.
Canned Goods" Canned Goods!
?fl Kf\ OASES fresh CANNED GOODS, Jost
JL<J\J received, consisting in part as follows
Cove, and Spioed Oysters, Salmon, Lob?
sters, etc. For sale by
Oct 4 JOHN AGNEW & BON.
Beelera' Beer ia Pure.
IT don't contain Copperas, Salt. Lime or
g\UO BAAK BIU.B sad MUTILATED
\J OURBJUKTS bought and sold by
Nov 23 fimo P. GAMbBILL'. Broker.
.Motte's Victoria Tonio Bitters."
For the cure*of Dyspepsia, Atnie and Fever,
Bilious Diseases, General Debility,
and all Impurities pf the Blood.
THESE BITTERS bavo now firmly esta?
blished themselves in the favor of tho
Eublio and the medical profession. Prepared
rom purely vegetable ingredients of acknow?
ledged efficacy, their unrivaled and highly
tonio, stimulating and prophrylaotic qualities
Eoculiarly adapt them to all CBBOS of General
.ebility, Nervous Prostration of tho Sys?
As an exoitant of tho appetite and a whole?
some aid to tho procese of digestion, they
will be found to bo very efficacious, while
their poonliar medical properties render them
of unequaled value to those subject to Chill?
and Fover, CongOBtion, and other miasmatio 1
Those Bitters will be found most wonder?
fully beneficial in all cases of Debility and Ir?
regularities of FomaloB. Wheresoever intro?
duced, they become a standard articlo-a
medicinal staple Uuliko the many noxious
stimulants advertised, they braco and fortify
the bV?U-ai without ex?Biag undue oerebral
action. They aro without doubt the best to?
nio and constitutional ronovator over offered
to tho public MOTTE & TARRANT,
Manufacturer? and Sole Proprietors,
Nowberry, S. C.
Sold by E. H. HEINITSH, Columbia, S. C.
(?EN Til AL NATIONAL BANK
OF COLUMBIA. S. C.
Present Capital, $150,000.
AUTHORIZED CAPITAL, $000,000.
John B. Palmer, President.
A. G. Brcnizer, Cashier.
G. N. G. Butt, Assistant Cashier.
J. Eli Gregg, John B. Palmor, F. W. McMaa
ter, B. D. Bonn, of R. D. Benn & Bon; G. W.
li oar don, of Copeland & bourdon ; B. Lr. Bryan,
of Bryan & McCarter; W. C. Bwafficld, of R.
& W. C. Swaffiold.
F. W. MoMastor, Solicitor.
THIS Bank io now opon for tho transaction
of a general banking business.
GEQTIFIOATEB OF DEPOSIT of curronoy or
coin, bearing interest at the rate of seven (7)
per oent. per annum, in kind, will bo issued.
Deposits from County Officers especially so- I
bolted: also, from Trustees, Administrators,
Executors, Professional Hen, and others. I
Particular attention given to accounts of
City and Country Merchants, and other busi?
ness mon, and the usual accommodations ex?
Notes, Bills of Exchange, and other evi?
dences of debt discounted, and money loaned
Stocks, Bonds, Gold, Silver bought and sold.
Mutilated Currency purchased at a email
Hight Drafts drawn direct on al! the promi?
nent places in England, Ireland, Scotland,
France, Germany, Belgium, Holland, Den?
mark and the Orient. Letters of Credit leaned,
r ayable in any of the above placoa
Drafts on all tho pr om i nen ? cit ?CB in the
United Staten bought and sold.
Banking House opposite Columbia Hotel.
Open from 9 to 3._Fob 28 ly
CITIZENS' SAVINGS BANE
j Deposits of $1 and Upwards Beceived,
INTEREST ALLO WED A T THE EA TE OI?
SE VEN FEE CENT. FEE ANNUM,
ON CERTIFICATES OF DEPOSIT,
AND SIX PER CENT. COM?
POUND Kl) EVERY SIX
MONTHS ON A COO UN TS.
Wm. Martin, President.
A. G. Brcnizer, Cashier.
J. H. Sawyer, Assistant Cashier, i
chargo of Branches.
John O. B. Smith, Assistant Cashier.
Wade Hampton, William Martin, A. 0. Has?
kell, F. W. McMaater, John P. Thomas, E. H.
Hoinitah, John B. Palmer, Thomas E. Gregg,
J. Eli Gregg, Marion.
G. T. Scott, Newberry.
W. G. Mayes, Newberry.
B. H. Rutledge, Charleston.
DanielBavenol, Jr.. Charleston.
ftMeohanioB, Laborers, Clerks, Widows, Or?
phans and others may here deposit their sav?
ings and draw a liberal ra's of interest there*
on. Planters, Professional Men andTmstecf
wishing to draw interest on their funds anti!
they require them for business or other pur?
poses; Parents desiring to sot apart small
tums for their children, and Married Women
and Minors (whose deposits can only be with?
drawn by themselves, or, in caco of death, by
their legal representatives,) withing to lay
asido funds for future uso. aro boro afforded
an opportunity of depositing their meanB
whoro they will rapidly accumulate, and, at
tho same time, bo subject to withdrawal when
needed. Amr 18
AFEW reasons why they should have the
preferonco over all others:
1. Wheeler A. Wilson's Sowing Machino 1B
much simpler than any of tho others; re?
quiring loss than half tho amount of ma?
2. AB the rosnlt of this eimplioity, this ma
obino ia much lesa liable than tbo others to
get out of repair.
3. Another result of this simplicity is
4. Another result is IOBB friction, and. con?
sequently, greator ease and rapidity of mo?
tion, with less noieo.
5. And greatoBt of all, that it uses no Shut
tlo, and makes tbe lock stitch.
It is tho cheapest to buy tho best. Buy tho
maohine that bas justly, fairly and honora?
bly won a reputation and independence
against a strong and bitter competition. For
more than twenty y oars has tho Wheeler A
Wilson not only stood first and foremost, but
now stands the nm i vailed Bowing Machine ol
tbe onlightenod civilized world. Boy the ma?
chino that has beon thus teated ano proved,
and then you aro euro to get tb? best. For
Bale on tho easiest popsicle terms. Sales?
room Main street, second door below PIKKKIX
office, Columbia, 8. 0.
J. 8. PUR8LEY, Agent.
A. WHYTE, General Southern Agont.
Juno 21 Gmo
Malt Corn Whiskey,
WARRANTED two years old, at
FeV 31_JOHN C. BEEPERS'.
SPECIAL ATTENTION given to tbeool.
leetion of Commercial Paper, Interest
on State and Railroad Bonds and Btocke, and
Conversion of State Securities, by
Nov 28 Orno P G AM DRILL. Broker.
.The only fine Playing Gards at POLLOos .
. ALARM CASS DRAWER!
Till Tapping Prevented t
EVE It Y
Fairbanks' Scale Warehouses.
FAIRBANKS ?Si CO ,
252 Ema dinny, Kew Torie.
FAIRBANK.*, DUOWN & CO.,
118 Mi k Street, Bonton
For Halo by JOHN AONKW ?V SON,
Bopt 20 tili Imo Coliimhin. K. O;
American Club Fish.
}*?rf%??&;P? A DELICIOUS relish; bolter
and much cheaper tliHii Pardi ilea'. For ?ale
by !.. H O PK.
WARFIELD'S COLD WATER GOAF.
THIS SOAP wnsln ? pcib-ctlj in ..? Id waler,
aoft, hard or snit. Ii rein?ve* K',-a?*e,
oil and paint from ^?rno-i-it- lt wat-hit-Hll
kinds of goods-colton. Hu it ucl. td.kor woolen.
It cleanse1) silver, plsltd wine amt jewelry
without scratching, lt tlte.articii*i ?ie much
tarnished, rub them with a ? ieee ol tlar.nol
which baa plenty of the Snap on it. '1 o peuple
who do their own windong, ii is invaluable.
It will aavo itu coat iu ono nabbing. For na lo,
in Luxes ol thirty-six burp, by
April 9 Agent for South Carolina.
BUY THE GENUINE
Standard Sc alec,
Moro lium 25? Different Modifications.
AOEXTS ALSO FOR THU 1IEST Ai.AHM MONTY
FAiKB iRK? .& t o ,
2">2 Itroadwa'y, Ken York.
FA I KU iNKS BKOWN ?Si CO.,
118 iti'k nt reel, Horton.
For salo by leading llai dnaio Dealers.
Sept 27 wf 4mo
Kinsman ?f Howell,
Factors a?id Commission
Liberal Advances made on
Cotton and Naval Stores,
Charleston y S, C,
Antuet :il lino
$20,000 to be Distributed to Ticket-Holders
IN TUB COLUMBIA CO OPERATIVE MUMM! ASSOCIATOR.
THE following PROPERTY and CASH bas becki placed in thc bands of Ibo Trustees* John
Agnew, Sr., Maj. Meighan and lt. O- Shiver, in trust for tho benefit of tho Ticket-holders
of the above Association, to he delivered to thine who. on the day ot the raftle, may ho enti?
tled to them. Tho tillo to tho real CBtatc has been placed in tho hands of Col. F. W.McMas
ter, Attorney at Law. who wili examine the samo and give true warranty deeds, freo from all
encumbrance, on tho day of drawing. Tho First Prizn is 1 he Temperance Hall, now occu?
pied on tho flret floor by Messrs. L?rick A- Lowrance. The lot is 25 feet front on Main street,
by 2C3 feet deep. Tho'Pudding is ISO feet long and two H tories high, lt is now leased for
three years for $1.400 per annum, payable moodily in advance, valued at.$15,000
Second Prize-Lot adjoining Hose's Hotel, 44 fi et'inuit, 208 bet deep, valued at. 1,900
Third Prize-Lot adjacent to above, 2~>\ feet front, 208 bet deep; valutd at._ 1,100
1 Cash Prize.7. 500
2 Cash Prizes, $100 each. 200,
4 CaBh Prizes, at $50 each. 200
110 Cash Prizes, at $10 each. 1.100
120 Prizes.$20 0(0 | 2,000 Tickets, al $10 each.$20,000
Tickets mar ho had of tho General Agent. Dr. K. \V. WHELLER, at Temperance Hall, or
at the Music Storo of Messrs. LYBRAND A SON, Met.-rs. JOHN AGNEW A HON, T. M. FOL
LOCK and D. C. PEIXOTTO A SON.
Tho following gentlemen have coin-cuitcd to tupi Hillend the drawing: J. C. Ti. Smith, D. H.
Miller and Henry E Scott, in connect ?rn with a con miltie ol three si lided hy tho Ticket- J
holdere, on tho dav of drawing. I
Tho 10th dav of November-thc fourth dav of the State Fair-HAS SEEN SELECTED AS
THE DAY FOR THE DRAWING, which will take place in'Ti mp? rance Hall. Columbia, S. C.
Ticket-holders are aeaured tho drawing will positively take place that day. Tho tickots have
mot with good ?ale, and all who intend investing aro requested to do so BB early ns possible.
As tho names of tho ticket-holders will ho registered in a hook which shall be m posses?
sion of tho Trust ees on t he dnv of drawing, piirtiee mav feel naturid that no moro than
2,000 tickets will he issued.
REFEIIENCKS.-E. J. Scott, Son A Co.'s Dank; Col. J. R. Palmer,President Central National
Bank; Citizens' SavingB dank: South Carolina Hank and Trust Company, and W. B. Gulick,
Cashier Carolina National Rank.
Capt. Wado L?rick, Agent in Lexington. For fruitier particnlnra. address.
Sept 8 -f2mo DR. K. W. wiiKiCLKIt. Box 83, Columbia, S. C.
HAUY MOIMI "ICU!
THE BEST IN THE MARKET !
tCHOICE sud select FAMILY GROCERIES, full assortment o?
Sugars, Cunees-Rio, lava and Lagnuyra; Teas of till kinds;
i??gs Chocolates,Bi oma, Spices, Pick les, Haue? s und Table Dressings
"ssai? "T ?rf?f - ?>' all kinds m.d des"iipii< i.s, Che? et-Sap-fcaeo, Factory; Pino
V <^f^-EW^O^ . U1P,?'*??'-ol Lem.
"^^S^t^^Bfl^W?^?-- AH !? 11 11> i i iii 11.' i him * ? of
t^^^fe?^ FAMILY FIOUH,
>*^jf'j^r"^(\<^ra8vy In barrels aid packages, consisting iii part of Nonpareil, Madison
T -'dp ?Jp Hmi Highland. Also. Oatmeal, Pearl Grist, Hominy, Corn, etc.;
Table and Liverpool Salt, Biscuit and Crackers of all kinds, Eng?
lish and American, ridatbtf, Onions und ot hi i Vrgidublts constantly cn hand to supply
retail trude. A mil supply of all kinds of KANGY SOAPS, including Colgate's best toilet,
and that for dom? stic. purposes. Canned Goods of every description. Jellies and Preserves,
best fund Iv Butter, Lard, Molasses of all g rudes. Meats. Hams, Dried Bei f, Tongues,Bacon
Strips, Bellies and Sides. Also, a full ar-soiinieiit ol FISH, including hibt No. 1 and Moss
Mackerel, and Smoked and Pickled Salmon, etc. Particular ntl c nt ii n is ?nvitid to our full
Embracing tho hist brands, foicign and denn t-tir. to he found -I JA
in tho market. CHAMPAGNES of al) popular brands; Moines, //^T^&^iJK /A
Madeira, Port and Catawba Wines of all kinds, und Pitiers of // ' ' Wli affi^L_
every grade. Also, 1 nglish, Scotch and Bri nu n Al.Ks, of the '/; I ' Wi ' ^jflESSS*''" 7
following brands: MeEwan's, Muir A Sons', Yoiiugi r's, etc., cte. ijjjK is^MraBJlBMfi?teB"
Especial attention is called to our MONOG lt A M and ot li er ..jS^TT^j^^
WHISKEYS, the best in (he market for family use or medieinal ^'jP>^Dyfi^3jw^~jL_y
purposes. Also, to our BRANDIES, including Ibo best Divert \V | umHvmak' ? \Tj
Fellcvoison, Larroude Fres. Cognac, vintHge of 1805. Also, L^T^^fcJtSmff mA t
OINy, l'almetto mid (Swan brands. All impel li d und warranted >^^rfl^3P?W%^yA
good. Also, we have in hand a full stock of choice CIGARS and
HEWING TOBACCO, Baglty's Fine Cut, ele. A stock of BAGGING and COTTON TIES,
and other articles for plantation use. In fact, cvciylhiug needed orto be found in a first
clasn Grocery Storo, and at prices to suit the lum H. ' We warrant our goods li rat class, and
invito ?in inspection ot them. HARDY SOLOMON,
Oct G Columbia Hotel Block.
YELL OW LINE!
FAST FREIGHTS TO AND FROM NORTHERN CITIES,
Via Charlotte, Columbia and Augusta Railroad, Worth Carolina Railroad.
Raleigh and Gaston Railroad, Seaboard and Roanoke Railroad,
and Steamers between Pnrtrmnnth und New York,
Boston, Philadelphia anti Baltimore!
THE AROVENAMED RAILROADS, in con
J^^^^^^J ' nection with tho HI earner Lines, having^ united
FREIGHT SCHEDULE between Colombia and Augusta and1 tho ubi'vc-i.anii'd Northern
oities. The attention of shippeiB and receivers of (night is called to thc following advan?
tages offered by the lino:
U is almost entirely an inland route, by which rates of insum? ce and rie ks of delay from
bad woatbor aro greatly reduced. There is no diayage, and no transfers, except undercover.
Daily Steamers will run between Portsmouth and Ballimore, Philadelphia and New York,
and froights will have prompt despatch.
Rates and classifications the same BB by other routes.
Through billa of lading given and claims promptly adjust? d.
JW HAVE GOODS MA EKED "VIA YELLOW LIKE." -??
For farther information, apply to E. P. ALEXANDER,
Superintendent Charlotte, Columbia and Augusta Railroad.
E. R. DOBSET, General Freight and Ticket Agent. Sept 2 8mo
S. STRAUS & BRO:
Ia tho placo whore yon can buy . , , . . ,
. The Best and the Cheapest
CLOTHING AND GENTS' FURNISHING GOODS.
WE aro now prepared to exhibit ono of tho moat choice and eoloot Stocka eyer offored in
thia market, and
At Astonishing Low Prices.
Our motto ia "QUICK SALES AND SMALL PI10FIT8." Oct 8
Drawing Postponed from October i. 1871, to January. 1,1?72.
In Osnttqucnca of thc Fever In Charleston, 8. C.
$5OO9000 to be Given Away!
The South Carolina Land and Immigration Association,
BUTLER, CHADWICK, OAKY & CO., AGENTS,
UN I ) KU tho auspices of tho "South Carolina State Agricultural and Mechanical Sooiety,"
will givo a series of CONCERTS, at tho Academy of Music, Cbarleaton, S.O., commenc?
ing January ti. 1872. liefere to all thc bank?re, 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, send for one, giving full particulars. All orders
2,405 Gifts, Amounting in all to $500,000.
Thc drawing of thia great Southern tutop'be will be conducted under tbc supervision of
tho following well known gentium n: Cen. A. lt. Wiigbt. of Georgia; Gen. Bradley T. John
eon, of Virginia: Col. B. H. Rutledge, ol South Carolina; Bon.Boner A. Pryor, of New York.
Money for Tickets can be sent either by Express or Pott Office Order, and Ibo Tickets wi.I
bo promptly forwarded.
?arDircct all letterB to BUTLER. CHADWICK, GABY & CO.,
Principal c Alco, Cbarleaton, S. C. Charleston, 8. O.
GEN. M. C. BUTLEB. JOHN CHADWICK. GEN. M. W. GABT.
Oct 1 8mo
GRAND PRIZE DISTRIBUTION !
rpiCKETS to tho Concerts of the SOUTH CAROLINA LAND AND IMMIGRATION ASSO?
CIATION ready for salo and delivery. AR ordera from tho country promptly fiUed. Agenta
wanted for the Counties of Jjancaator, Lexington, Bpartanburg, Greenville, AbbevUle, Ooo
nee andPickons. Apply to D. G AM BRILL A CO.,
Juno 6 General Agents, Columbia, S. 0.
THE UNIVERSAL LIFE
LIBERTY STREET, ^^^^^^^^^^^^T YORK.
The Original Stock Life Insurance Company of the United States.
WILLIAM WALKER, President.
HENRY J. FUHRER. vice-President. JOHN H. BEWLEY, Secretary.
GEORGE L. MONTAGUE, Actuary. E. W. LAMBERT. M.D., Medical Examiner.
THIS COMPANY offers the following IMPORTANT ADVANTAGES to those
about EFFECTING INSURANCE ON THEIR LIVES:
1. In?uranco at Stock Batea, being from 20 to 30 per cent. lota than the ratea charged by
2. Each Policy-holder is regarded aa a Stockholder to the extent of ono Annual Premium
on bia Policy, and will share in Ibo Profits of tho Company to the samo extont as a Stock?
holder owning an cqnal amount of the Capital Stock.
3. Every Policy iaeueu by tho Company is non-forfeitablc, and contains a [clause Btating ita
exact Surrender Value.
Before Insuring your Life or accepting the Agency of any Company,
RUADTI1B FOLLOWING i
A lengthened experience baa demonstrated that tho ratCB of premium ordinarily charged
by lifo iituuranco companies aro from twenty-five to thirty per cent, in excess of what are ne?
cessary for a aafo and legitimato conduct of the business. In othor words, carefully and
prudently-mannjied companies charging "mutual" rates have been ablo to return to their
polier-holders from 25 to 30 per cent, of the amount charged for premiums.
When life insurance companies wera first organized, reliability of the data upon which pre?
miums were constructed had not undergone test of experience. It was thought, thorefore, no
more than common prudence to adopt a seule of premiums which would, in any event, meot
all tho presumed and nnforcaeen contingencies of tho hueineae. AB long as tho matter was
involved in nome doubt, it waa better to fix tho rato tao high than to incur the risk of mak?
ing it too low; because, in tho former caso, tho error could bo easily remedied, at least in
part, by returning to tho policy-holders, nt certain intervals, such portion of the premium
charged ns was found necessary for the purposes of tho business and the complote security
of the company. Experience uowevrr, having satiBiacloiily demonstrated that these rates
aro excessivo, what possible excuse can there be for maintaining them?
Availing themselves of thia experience, tho Directors and Managers of the Universal Life
Inaurance Company, at its organization, adopti d a tonie of premiums in accordance there?
with, and which bas provea to bo fait and adequate, and all that was necessary to meet the
requirements of tho business. Th eeo premiums aro about twenty-five per cont, lower than
thoso charge by mutual compuncis. It niuo appeared, inatmucb as the rates BO cstabUshed
were aa near as contd possibly be determined fair rates, and not in excess of what insurance
has previously cont tbo policy-holders in mutual companies, that any profita arising from
prudent management Justly and properly belonged to tho stockholders of the company, for
tho risk incurred by them in undertaking tho business.
Experience has shown that tbero aro sources of profit in tho praotice of tbe bnsincBs which
theory will not admit of being considered as elements iu the calculation of the premiums.
These results form a saving in tho morl alby of the members of a company owing to tho me?
dical ?election of good lives, a gain in interest on tho investments of the company over that
assumed in the calculation of its premiums, tho profits derivable from the lapsing and sur?
render of policies by the members, And from other minor sources. Prr.?tBfromtbeBO sources.
in a company possessed of a capita1 of $200,000, and doing a fair amount of business, wonlu
givo to tho stockholders dividends largely in excess of what were counted on by the Directors
of the Universal at the time of its organization. They have, therefore, determined to divide
among tho policy-holders of the company a largo part of the profita scorning from the
sources named, all of which have heretofore been divided among the stockholders.
Tho plan adopted for such division is as follows: Every person who may heroafter insure
with tho Universa! will, for tho purposes of division, bo treated aa a stockholder to extent of
one annual premium upon bis policy; and will share in tho profits of the company to precisely
samo extent as a stockholder owniug an equal amount of tho capital stock.
By this system of insurance, original with thc Universal, tho policy-holder secures tho fol?
lowing important advantages:
1. Insurance at the regular "stock" rates, requiring a primary outlay of about twenty to
thirty per oont. less than that charged by mutual companies, ana which is equivalent to a
yearly "dividend" paid in advance of that amount on mutual rates. This low cost of insur?
ance is worthy of attention. Since RB organization, thia company hes received in premiums
from its policy-holders tho sum of $1,517,000. To effect tbo same amount of insurance in a
mutual company would have coat them an initial outlay of $2 000.000. By allowing its policy?
holders to retain, in their own possession, this excess of $483,000, tho Universal has virtually
paid them a "dividend" of $483,000. and paid it, too, in advance, instead of at tho end of one
or moro years. It is Impossible to find any example cf a mutual company furnishing insur?
ance at BO low a cost by returning to policy-holders an equal amount upon similar receipts.
2. Participation in tho legitimate profits of tbe company, upon a plan which secures to the
policy-holders tho same treatment which directors and stockholders award to themselves.
This system of participation, in connection with ibo low "stock" rates of premiums, must
necessarily secure to tho policy-holders every possible advantage to bo derived from prudent
and careful management.
Tho low rates of preminm compel economy, and, independent of participation, guarantee
to tho policy-holder his insurance at a rate which is not in excess of the cost in well managed
mutual companies; whilo, by the proposod plan of participation in what may be considered
tho legitimato profits of tho business, tbe cost will bo still further diminished.
i bus by tho combined advantages arising from low stock rate and participation in profits,
it ia confidently believed the UNIVERSAL LIFE INSURANCE COMPANY offers insurance at
its lowest practicable cost.
Those of tho existing policy-holders who desiro to participate in the profits under the new
plan can do so by making application to tho bead office, or to any agents of tbe company.
The company is in a sound financial condition. Ratio of assets to liabilities 186 to 100.
Air GO OD RELIABLE AGENTS WANTED, who will deal direct ?Uh the New York ofilos,
and to whom tull general agente* commioaiona will be paid.
H. W. GARY and BI. C. BUTLER,
State Superintendents of Agenclca
Office on Richardson street, opposite Columbia Hotel, Columbia. 8. O. Sept