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> y O II I, IH U HO DAILY ABD TBI-WES K LY.
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.
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.
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?
"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
? 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
MAN UFA OTOH Ye
WTC.KNABE & GO.
Manufacturers Grand, Square and Upright
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 .'
; 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
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. |
.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.
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
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
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
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.
John B. Palmor, President.
A. G. Brenizor, Cashier.
C. N. G. Butt, Assistant Cashier.
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?
Notes, Bills of Exchange, and other ovi
dencos of debt discounted, and money louued
Stocks, Bonds, Gold, Silver hovglit and sold.
Mutilated Currency purchased at a small
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.
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.
Wade Bampton, William Martin, A. C. Has.
kell, F, W. MoMaster. John P. Thomas. E. H.
Heinitab, John B. Palmer, Thomas E. Gregg,
" '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
. Ton may secure a valuable prize by pur?
chasing a ticket in tho Colombia Co-opt ra
live Building Aeaoclatka.
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.
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.
COTTON SEED REFINED OIL, by tho gal
Iou or barrel. Also, in glaass, pinta and
quartB. For salolow. E. HOPE.
HEIGHT (ND FISSHEBB LINE
CHARLESTON, S. C.
TO AND FROM
BALTIMORE, PHILADELPHIA, KEW YORK, BOSTON,
AND ALL THE NEW ENGLAND MANUFACTURING CITIES.
^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.
M. S. Woodhull, Commander. S. Crowell. Commander.
CHAMPION, SOUTH CAROLINA,
B. W. Lookwood, Commander. T. J. Beckett, Commander.
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.
Alex. Hunter, Commander. C. Hinckley, Commander.
WM. A. COURTENAY, Agent, Charleston, S. C.
Hainio, Commander. Jobnsou, Commander.
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
THROUGH BILLS 8F LADING AND THROUGH TICKETS
Can be had at all the principal Railroad Cilices in Georgia, Alabama, Tennessee and Missis?
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
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)
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*
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
The Original Stock Life Insurance Company of the United States.
WILLIAM WALKER, President.
HENRY J. FURBER, Yice-Prcaident. JOHN H. BEWLEY. Secretary.
GEORGE L. MONTAGUE, Actuary. - E. W. LAMBERT. M.D., Medical Examiner.
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
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