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'''Julian Price''' was an insurance executive that made his fortune in the first part of the twentieth century by developing the Jefferson Standard Life Insurance Company, at the time the largest corporation in North Carolina.<ref>[http://www.referenceforbusiness.com/history2/71/Jefferson-Pilot-Corporation.html Background Information on Jefferson-Pilot Corporation]</ref> |
'''Julian Price''' was an insurance executive that made his fortune in the first part of the twentieth century by developing the Jefferson Standard Life Insurance Company, at the time the largest corporation in North Carolina.<ref>[http://www.referenceforbusiness.com/history2/71/Jefferson-Pilot-Corporation.html Background Information on Jefferson-Pilot Corporation]</ref> |
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Revision as of 23:30, 4 March 2008
Julian Price was an insurance executive that made his fortune in the first part of the twentieth century by developing the Jefferson Standard Life Insurance Company, at the time the largest corporation in North Carolina.[1]
Childhood to Midlife
Price was born on November 25, 1867, in Richmond, Virginia. His parents were Joseph Jones Price and Margaret (Hill) Price. His schooling was at the Virginia public schools. Price married Ethel Clay, the daughter of Henry De Bois Feuillet Clay, in Meehum River, Virginia on August 22, 1897. They had two children: Kathleen Marshall, who married Joseph McKinley Bryan, and Ralph Clay Price. [2]
Career
Price entered the insurance field as an insurance salesman solicitor from 1905 to 1909 in Norfolk, Virginia for the Greensboro Life Insurance Company of North Carolina. He became their secretary and later agency manager of that company from 1909 until 1912. In 1912 it merged with the Security Life & Annuity Company of Greensboro and became the Jefferson Standard Life Insurance Company of Raleigh, North Carolina. Price was their vice president as well as their agency manager of the new organization which moved to Greensboro, North Carolina. In 1919 he was elected their president.[3] Price continued in that position until 1946 and thereafter was chairman of the board of directors until his death in an automobile accident later that year. [4]
Death
Julian Price died in North Wilkesboro, North Carolina on October 25, 1946.[5] The Julian Price Memorial Park is named in his honor.
Positions and Posts
Julian Price was employed by, associated with, or a member of the following:[6]
- Southern Railway 1887 - 1903 as chief telegraph operator and ticket agent.
- Solicitor for the American Tobacco Company 1903 - 1905.
- Solicitor for Jefferson Standard Life Insurance Company 1905 - 1909.
- President of the Atlantic & Yadkin Railway from 1919 until his death.
- Director of the Pilot Life Insurance Company.
- Director of the Mooresville Mills of North Carolina.
- Director of Southeastern Cottons of New York City.
- Director of the Southeastern Express Company of Atlanta.
- Director of the Georgia and Greensboro Joint Stock Land Bank.
- President of the Federal Home Loan Bank of Winston-Salem, North Carolina 1932-33.
- President of the Jefferson Standard Life Insurance Company from 1919 to his death.
- Member of the Greensboro City Council 1920 - 1926, 1928 - 1930.
- Director of Greensboro Chamber of Commerce.
- Member of the executive commitee of the Greensboro Council of Catholics, Jews and Christians.
- Executive committee member of the American Life Convention 1940.
- Headed North Carolina state salary and wage commission 1924-28.
- Member of the national advisory committee of 1939 New York World's Fair.
- Member Life Insurance Association of America.
- Member of the national council of National Economic League.
- Trustee of the North Carolina Agricultural and Technical State University.
- Trustee for the Richardson Memorial Hospital.
- Member of the Association of Life Insurance Presidents.
- Member of the Institute of Life Insurance.
- Member of the Masonic order (Knight Templar, Shriner).
- Member of Benevolent and Protective Order of Elks.
- Member of the International Acquaintance League.
- Member of Patriotic Sons of America.
- Member of Southern Society of New York.
- Member of the Greensboro Merchants and Manufacturers.
- Member of the Rotary Club of Grensboro.
- Member of Country and Sedgefield Country Clubs of Greensboro.
- Member of the Congressional Country Club of Washington, D.C.
- Member of the National Harbors and Waterways Congress.
Other
- Price was a Democrat.
- His religion was as a Baptist.
- Fishing and farming were his chief recreations.[7]
Price Bits of Wisdom
- "Stay out of debt. If you don't owe any money, you're able to look a man in the eye and tell him to go to Hell."
- "Fools build houses. Wise men live in them." He always rented and didn't own a home until he was 60 years old.
- "I like a fellow with his shoulders back and his head up. A fellow who looks like he is going somewhere, even if he isn't." [8]
References
- ^ Background Information on Jefferson-Pilot Corporation
- ^ "PRICE, Julian," The National Cyclopaedia of American Biography, Volume XXXIV (New York: James T. White & Company, 1948) page 430
- ^ Jefferson-Pilot Corporation - Company Profile Information
- ^ The National Cyclopaedia of American Biography, page 431
- ^ Dictionary of North Carolina Biography. Volume 5, P-S. Edited by William S. Powell. Chapel Hill, NC: University of North Carolina Press, 1994.
- ^ "Who Was Who in America. A companion biographical reference work to Who's Who in America," Volume 2, 1943-1950 (Chicago: A.N. Marquis Co., 1963), page 443.
- ^ The National Cyclopaedia of American Biography, page 432
- ^ Answers.com history on Julian Price