Profile â„–8 BEHI-P008-AFH

Alonzo F. Herndon

1857/1858–1927

Entrepreneur, Barber, Insurance Founder, Real Estate Investor

ERA: Reconstruction and the First Black Economy (1866–1919)
PRIMARY INDUSTRIES: Barbering, Insurance, Real estate
LIFE: June 26, 1857/1858 · Walton County, Georgia (year disputed) · July 21, 1927 · Atlanta, Georgia (institutional accounts)
GEOGRAPHIC REACH: Atlanta, Georgia · Southern United States

Economic Impact

TAKEAWAY: State insurance reports measure company resources in historical dollars. They do not establish shop profits, founder equity, or estate net worth.

ECONOMIC IMPACT

Georgia insurance reports supply company-scale measures. Barber-shop revenues, wages, profits, founder equity and estate net worth remain unverified. All figures below are historical nominal dollars; no inflation conversion or modern wealth ranking is asserted.

Admitted assets across selected reporting years

1916 · Atlanta Mutual$71,645.91
1920 · Atlanta Mutual$201,347.74
1922 · Atlanta Life$405,810.09
1923 · Atlanta Life$495,342.82
1926 · Atlanta Life$942,034.31
1927 · Atlanta Life$1,154,927.79

Verified state-report figures · historical nominal dollars. Sources: 1916 Georgia insurance report, 1920 Georgia insurance report, 1922 Georgia insurance report, 1923 Georgia insurance report, 1926 Georgia insurance report, and 1927 Georgia insurance report; precise page locators follow below. Bars share a zero baseline. Selected years are not a complete annual series, and company form and reporting changes limit direct comparisons. The 1927 year-end amount extends beyond the founder’s lifetime. This chart measures company resources, not personal wealth.

economic impact at a Glance
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Assets:
Company admitted assets
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Coverage:
Insurance in force
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Personal wealth:
Not independently verified

KEY ECONOMIC INDICATORS

Each measure identifies its entity, period, source and evidence limits. Dollar amounts are nominal historical U.S. dollars. Assets, revenue, profit, transaction amounts and employment measures are distinct. “Not yet established” identifies a research gap, not zero or “not applicable.”

MEASURE / VALUEENTITY / PERIODSOURCE / LOCATORCONTENT CONDITION / EVIDENCE CLASSIFICATIONINTERPRETATION / LIMITS
Admitted assets
$71,645.91
Atlanta Mutual
1916
Georgia insurance report, 1916; Digital Library of Georgia link in Evidence & Context. PDF pp. 702–704, printed p. 638.Documented
VERIFIED
Regulatory company assets, not Herndon’s personal net worth.
Admitted assets
$405,810.09
Atlanta Life
1922
Georgia insurance report, 1922; Digital Library of Georgia link in Evidence & Context. PDF p. 57, folded statement.Documented
VERIFIED
Company-level regulatory measure; not revenue or profit.
Admitted assets
$1,154,927.79
Atlanta Life
1927
Georgia insurance report, 1927; Digital Library of Georgia link in Evidence & Context. PDF p. 108, printed p. 103.Documented
VERIFIED
Year-end figure includes months after Herndon’s July death.
Premium income
$1,738,869.66
Atlanta Life
1927
Georgia insurance report, 1927; Digital Library of Georgia link in Evidence & Context. PDF p. 108, printed p. 103.Documented
VERIFIED
Premium income is not net profit or personal income.

For evidence-label definitions, see the Receipts evidence guide.

THE RECORD & ITS LIMITS

1
Asset series

1916 $71,645.91; 1920 $201,347.74; 1922 $405,810.09; 1923 $495,342.82; 1926 $942,034.31; 1927 $1,154,927.79. Entity and reporting changes limit simple comparisons.

2
1920 scope correction

Georgia-only premiums of $817,213.64 differ from company-wide net premiums of $1,113,563.99. Neither amount is Herndon's income.

3
1927 balance sheet

Assets $1,154,927.79 = liabilities $882,630.08 + capital $100,000 + surplus $172,297.71.

4
Personal estimates

The Crisis estimated real estate at $500,000 and reported shop values of $30,000/$15,000/$15,000. These are neither audited net worth nor shop earnings.

5
Unrecovered 1918 figures

Prior semiannual income and claims figures are retained as leads only; they are excluded from the verified series.

WHY THIS MATTERS
COMPANY SCALE IS NOT PERSONAL WEALTH
1916 company

Admitted assets $71,645.91.

1922 company

Admitted assets $405,810.09.

1927 company

Admitted assets $1,154,927.79; insurance $24,940,424.73.

BEHI ANALYSIS

Coverage measures contractual exposure. Assets measure company resources. Income, profit, equity and estate value require their own evidence.

EVIDENCE & CONTEXT

SOURCEDESCRIPTIONDATEEVIDENCE CLASSIFICATIONNOTES
Georgia insurance report — 1916Government statement1916VERIFIEDPDF pp. 702–704; admitted-assets table printed p. 638. Atlanta Mutual Insurance Company: $25,000 paid capital; November 8 reinsurance item $38,528.86; admitted assets $71,645.91.
Georgia insurance report — 1917Government statement1917VERIFIEDPDF pp. 722–725. Net premiums $416,662.61; insurance at year end $1,235,318.00. These are company measures, not founder income.
Georgia insurance report — 1920Government statement1920VERIFIEDPDF p. 39, Table 9: Georgia-only premiums $817,213.64, losses paid $394,107.85, incurred $392,169.35. PDF pp. 538–539, printed pp. 513–514: company-wide net premiums $1,113,563.99 and admitted assets $201,347.74. The geographic scopes must remain separate.
Georgia insurance report — 1922Government statement1922VERIFIEDPDF p. 57, folded table: Atlanta Life admitted assets $405,810.09; liabilities $263,841.39; capital $100,000; surplus $41,968.70; insurance $9,745,977.80.
Georgia insurance report — 1923Government statement1923VERIFIEDPDF p. 73, folded table: Atlanta Life admitted assets $495,342.82; liabilities $360,198.72; capital $100,000; surplus $35,144.10; insurance $10,861,687.10.
Georgia insurance report — 1926Government statement1926VERIFIEDPDF p. 115; printed p. 108: admitted assets $942,034.31; liabilities $723,688.69; capital $100,000; surplus $118,345.62; insurance $21,441,724.00.
Georgia insurance report — 1927Government statement1927VERIFIEDPDF p. 108; printed p. 103: admitted assets $1,154,927.79; liabilities $882,630.08; capital $100,000; surplus $172,297.71; insurance $24,940,424.73; premiums $1,738,869.66; total income $1,794,091.63; net policy obligations paid $713,387.46. The scan says 1927, although OCR reads 1937. Year-end figures extend beyond Herndon's July death.
The Crisis — Men of the MonthContemporary magazineMarch 1921ATTRIBUTEDPDF pp. 25–26; printed pp. 215–216. Contemporary account reports three shops valued at $30,000, $15,000 and $15,000; estimated real estate of $500,000; $3,000 income tax and a $10,000 nursery gift. These are published claims, not ledgers, appraisals, tax returns or payment instruments.
1918 semiannual insurance accountPrior transcriptionJune 30, 1918 leadATTRIBUTEDEarlier figures of $236,376.11 income and $104,304.46 claims were not recovered in this audit. Retain only as a reinspection lead; exclude from verified financial tables.
EVIDENCE CLASSIFICATIONS:VERIFIEDATTRIBUTEDDISPUTEDINSTITUTE ANALYSIS
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