The Waco evening news. [volume], January 27, 1893, Page 6, Image 6

About The Waco evening news. [volume] (Waco, Tex.) 1891-1894

Image provided by: University of North Texas; Denton, TX

                
6
THE WACO NEWS, FRIDAY, JANUARY 27, 1893
TL 1 rl II "81 L n A J
llUUodllll llUISdio Will Uc Lfilldlou
Tens1
$20,000 To the Leadrng Counties.
$20,000 To the Press.
Upon Conditions Easily Accomplished, and which will Insure 820,000.000 Additional Assets to Our People.
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All ol lexas recognizes the importance ol a creditable representation at the cupped.
World's Fair, and several plans for raising the necessary funds have been tried and The Company in which I propose to place this insurance needs no introduction
abandoned. The organization at Fort Worth failed; Galveston made her fruitless at- in Texas. It is th" only one showing sufficient faith in our future to make a M.bstan
tempt to raise the money. The Governor ..as emphatically declared that appropria- tial investment in our midst, purchasing real estate and erecting thereon in the city of
tion by the Legislature would be unconstitutional; therefore we look for no aid from Waco an office building of which any city or state might well be proud. The cruris!
that quarlei. lie urges us, however, to by an means secure mis representation by test 01 nmnciai strength is, as an will admit, the ratio ol assets to liabilities, and a
some means, adding, "llic importance 01 this enterprise should not be underestimated rcierence to uic reports ol the insurance department will show that the Provident
by the people: for, in the great struggle lor the promotion, enlightenment and success me strongest company doing business in lexas.
of progress ami happiucss among the masses, no State possessed of grand and varied The plan that we propose to issue the insurance upon, is the most equitable
resources can afford to fail in having proper representation at this Exposition, partici- most liberal to the insurer the Yearly Renewable; also known as the Homans
pated in and suppoited by the people of the United States, and of the civilized world." taking its name from the illustrious originator of the same. His name is known an'
The patriotic ladies of our State have taken the matter in hand and are accomp- honored the world over as the leading exponent of Life Insurance; and it is upon Hi I
lishing much, but they will need still more, and I offer Ho them and to the State the American Experience Table of Mortality that all insurance companies base then!
follow mg simple and effectual means of raising the money for the purpose. 1 will not estimates.
ask any man for a free donation, but propose to give quid pro quo for every dollar I f the same amonnt of insurance should be placed on our more expensive forms
received. of investment insurance, I would double the donation offered, but would conscienti.
There are in our State two hundred and forty-seven counties, all of which are ously say to all Texans, take your insurance by all means on the Yearly Renewable!
directly interested in advertising Texas and drawing immigration into her borders; plan, with dividends applied to keep level, and in ike your own investments here at I
the more thinly settled the county the more important this becomes. There can be heme, you can do much better with your money. For instance, let us see what the!
devised no better means of advertising and making known the resources of our won- annual saving would amount to between the Yearly Renewable policy and the ordinary
dcrful State than representation at the World's Fair. life, which is the lowest rate offered on the level premium plan. Take the average!
il two nunuieci 01 these counties win piace $100,000 insurance cacn in the age, say 40. rremium at that age on a policy lor $10,000:
Provident Savings Life Assurance Society of New York (good acceptable risks with ,-. ,. , .r ,.,. , , ,,
first annual premium paid), sending same direct to the office, without the aid of any Ordinary L.fe 1 Ian Level Premium $322.00
agent, 1 will donate $100,000 to represent Texas at the World's Fair. As the early Renewable, llomans Plan 172.00
lnsuiancc is received, the portion thereof which belongs to this fund will be daily
deposited in the Provident National Bank of Waco, and paid out monthly by the fol- S'S'-oo
lowing Trustees S. W. Slayden, W. T. Watt and v. R, Uunnica, to Mrs. lobin, as The expectation of life at the age of 40 is twenty-eight years, if this difference in
President of the World s Pair organization. premiums, $15000 be invested each year, and the insured should live out his expecta-
insurance to be placed 10 ine creou 01 mis iiinu must oe received ai tnis ornce tion, he would have in addition to his insurance, the following:
not later than April 15, 1 S93.
Recognizing the fact that ten or twenty counties could easily obtain the entire At 6 per cent interest $10,894.50.
amount asked for, and wishing to stimulate emulation among them, I offer the follow- At - per cent interest 12,950.00. ,
ing prizes: ,
To the county sending largest amount of insurance, $10,000. At s Pcr ccnt interest 15,444.00. )
" " " " second " " " 5,ooo. At 10 per cent interest 22,144.50.
" third " " " .ooO.
1 " n fourth " " " 2,000. J In case of prior death he would leave to his family or estate not only the $10,000
All tr, h.. ,1..vnf,d tn mnWinfr snpr.ial disnlav for those counties at the World's Fair, insurance, but the accrued investment as well, while under the level premium plan he
and to be paid into the hands of the County Commissioners for that purpose. would leave the $10,000 insurance only.
1 nkn offer like nries for the newsoancrs influencing the lartrest amount of this Should any prudent man hesitate in his choice3
insurance. Having laid the proposition before you, I now leave it in your hands, repeating,
Should the entire amount of insurance not be received, the donations, and also that this is a plain business proposition, perfectly feasible and easy accomplished by
prizes will be prorated in exact proportion to the amount that is received. One-half, systematic effort. If the men of Texas will secure the amount of insurance specified, I
if only one-half the insurance is secured; one-fourth, if one fourth of the insurance is will donate to the World's Fair fund $100,000, and distribute as prizes to competing
.iior-n.i ,.fr counties $20,000 and also $20,000 in prizes to the Press of the State, or pro-rate on
I could suggest five channels through which this insurance can easily be obtained: amount received. Will you secure it?
First Hv the committees. Let each county appoint a committee of five, notify As a matter of public policy.
..- 1. r.r-,. ,.-j,r, fhn rimirmnn nf thlc mmmittnn i5 and let all enrresnnndenr-e with If the men of Texas who arc now carrying Life Insurance on their lives were to
n-.r. i. riirrmrrli f,,nt fhnfrmnn. The committee should make a thorough canvass of cut their policies half in two, and place in the Provident Savings (without the above
tl,r. mnnt,. rrfttinrr each man to obligate himself to take a certain amount of insurance: proposition) simply to show their appreciation of a company that has invested largely
"We. the undersigned, hereby obligate ourselves to take the amount of insurance set in Texas real estate, the inquiry would immediately come from all companies, "Why so
opposite our names, in the Provident Savings Life Assurance Society of New York, many forfeitures? the reply would be, "We are determined to pationizc a company
for the purpose of representing Texas at the World's Fair, as per offer of R. B. Parrott, that has erected a han,wmc office building in Texas." You would compel all companies
General Manager." These lists should be sent to me, and copy of same held by doing business in Texas to break dirt in thirty days, thereby forcing millions into our
riiairmnn. :Un conv sent to the Provident National Bank, in order that a perfect State.
check mav be kept on the work and credits given to the proper counties. I will send This is public policy, strictly business, and will give to all policy holders what
aonlication rate book and full instruction to the County Chairmen, and all work they need absolute security and if one-fpurth of the people now carrying insurance
should pass through their hands, no matter what method may be used for procuring will accept this plan, you will have handsome buildings in all of our cities, a donation
it. Each application that comes to this office should be signed: "John Jones, Chairman by which Texas will secure proper representation at the World's Fair, and will double
for Tarrant County," or as the case maybe. The policies as issued will be sent to him our population and assessed values in five years time. Now, lexans, will you do
- ,i.,i:.. ,,i i'irr.t;n,i rif n.mi'i,ni your duty to your State, to your families, vour wives, your daughters, your sons, and
Second channel through which I suggest obtaining this insurance is the Ladies' your country? I believe you will. Yours for Texas,
World's Fair Organization, pursuing the same method as laid down for the counties. R- B. PARROTT,
Third By the bankers of the State, making a list of their friends in the same State Agent, Provident Savings Life Assurance Society of New York,
manner, and fourth, in the same way by the real estate owners and agents. All of the SKATE OF TEXAS )
these will be directly benefitted by immigration to the State, and all would find that it (JouNtv of McLennan ' I
would take very little trouble to secure the insurance required, it would only take j T H Jr Qerk Co Court McLennan C(Ulnt Texas, hereby certify
i.ooo of our men to carry $20,000 each, and the full sum is captured; or 2,000 to take , , providcnt Savin?s Life Assurance Society of New York, is the owner and
out $10,000 each, or 4,000 to take cut only $5,000 each; and surely there are many lldcr ()f Lots , and of B,ock No ofthe cR of w McLennan county,
more than this number in any one ol the prolesstons named who wot. a dc g.ao 01 -mis T hich . situated a six-storv stone and brick buildinr. an ornament
opportunity to assist in the great work of representing 1 exas at the World s J'air, and tQ to'wn Qr d in country.
at the same time create tor his lamuy an instantaneous estate 01 u.uou, quo.ooo j testimony wherof I hereto set mv hand and seal ofthe County
or $5,000, as the case may be, and sustaining same at minimum cost. ( - , Co of McLennan County, Texas, this the 24th day of January, A. !
inc uiiix uiuimii;i 1 wuuiu "& ui jnw i tw i . v u. j . . r 1803 T H BROWN
haN e already done a great work for Texas and no men have been more teady to put ' ' Clcr. Cmni Cour McLennan Cl unty.
their hands to every movement that is for the good of the general public.
Feeling that some compensation is their due, I have offered to the newspapers To Whom it mav Concern:
fiir, n.;,r, Mmi ! Imvp mentioned above, and I would sueoest to them the coupon This is to certify that the Provident Savings Life Assurance Society of New Yoffc
method of securing this insurance. After placing the plan before the public in their has purchased property in the city of Waco, Texas, and erected thereon a handset
columns, let a coupon appear in every issue, "R. B. Parrott, General Manager, Provi- six-story building of stone and brick, and owns said property absolutely. .
dent Savings, Waco, Texas. Please send application for insurance to be applied to It is further certified that no bonus was required by said Company for placing"115 j
the World's Fair fund, and credit the same to the , paper. investment in our city, although it is usually done by all corporations.
Yours truly, Yours respectlully,
Name C. C. McCULLOCH, Mayor -l Waco,
Address
Amount of Ins
Age 1
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