Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1856-01-18
]. ational Life Insurance Com
pany of the u. s..


tie, viz;
Y. DEwEY, G.. w. CoLLAMEa,
FAIRBANKS, CHARLES DEWEY,
tcoB CoLLAMER, GEo. PRicuARD,
DiLLiNoHAM, e. EASTMAN,
P. REnFIELD, ORREN SMirH,
+. DAvEY, II. w. llEAToN.
70 T. TnURsroN.
Tine officers of the company are;
Doct. JULIUS Y DEwEY President.
Hon. TMorHY p RFDFiELD, Vice Pres'L
GEoRGE w. REED, Secretary.
Board of Finance-G George W. Collamer.
lomer w. llealon aud James 4. Thurston,
,sqrs.
Oren Smith, NJ D., Medical Examiner
red. W. Adams, NJ. d., Consulting Medl-
al Examiner.
The Bilance Sheet represented the iuan-
ial condition Of the company in sound
I'D prosperous condition and it was high
y gratifying to the members present, TO know
hat we have SO useful and important an In
tuition m our midst, one in which we have
he fullest confidence - aud one conducted
ipon the mot liberal as well MS economical
principles. But we defer further remarks 10
make room for The
ADDREss BY THE PREsinENT.
The members Of The National Life Insur,
ance Company will permit me to congratu.
hie them upon H. highly prosperous cond-
ton, and will pardon the directors If they
leIicitaie themselves upon its complete sue
ccs under the iudiclous plans of business
adopted at its commencement, and continued
TO the present time with slight alterations
II was he unanimous intention of the found
crs Of this institution 20 make it safe aud
pemaneut even it its progress for the first
few years should be less great than some
companies which presented themselves for
the patronage OF The public. We very vel
Understood that mtny unlntormed persons
would De attracted by the much less rates OF
premiums charged by several companies.
and lhe promises of enormous dividends of
Jrgf's su called By others Such has. to
some extent been the case. But those DAYS
are mo tly pissed Those very cofno.uies
have already been compelled 10 increase
lurgery their rates of premiums. and are
now, Boo what then call, 10 .Hifuql ComDqny.
exacunr from the new member. 10. Ii and
20 pr cent more than can be claimed or
their first members. We do mot blau,s sueb
companies. for. nt this late day recufylng IN
"a measure, or part, the fatal errors adopted
add prdcused upon at their commencement:
but trust that our people will learn s,hfiary
lcssuu, aui not embark their interests i'm
crafts which are commanded by so incom-
peteut oiiiccrs-uot TO say dishonest T..
quaIly should they keep ont Of offices which
declare rnorpops animal d,,,d,,,ds as ,I,o
inevitable tendency Is Command Jisappoiui.
manL lhs Legislature Inns wisely nr,hhit-
ed their operations in this State. excep, tbpv
deposits ia sum with the Treasurer dse.,.5
sufficient to guarantee lis c,uzans AGAINST
loss by those cheap or low premin,n com
panlcs OF which | hive been sooakinr and
ijs requirements have been gener, Ilv re,ord-
ed. One or two of them. we le,rn nav.
been operating stealibily ON onr bord.rs
within llo last year: but / trpst the sevor,l
states attorneys will attend io Thorn ne d.
their duty Tbas,,,pIa and ,,,.,,.,.,.' 90. 49,.
too ready dupes OF any preienders who come
among them with snacions pre,ensions ou5
large promises. The peoble cannot too so,n
learn that although policies ro1v be nnrcb,s.
ed at a low price. that ty.uRANcr can only
be obtained by paylpg adeonste nren,inns
Within the Inst year the first slioc,,in, or
surplus has been declared and the cor,,o,,o.
lloNS maze. 10 ascertain what sums rpuafn-
ed for distribution, after providing fir rein.
surance. deterioration of assured lives and
every outstanding liability le0 surnlns
which increased The amount of the who's
life policies more than twenty thousand dol-
lars These Investigations more and more
confirm us in The belief that no alteration
would improve our plans Of business. We
have been nothing Of the - three epidemies"
which one of our cheap. underbriding CO.
speaks OF as the reason for de-.
Of their new members Is per cent.
more than those first insured paw. We feel
an unshaked confidence IN the belief that. if
the same economy, caution and prudence
shall continue to govern the officers in ITS
business as heretofore that at the end of an
umiTed, or a thousand years this Company
VIII nave but begun to dlffuse ITS benefits.
And who would be so unwise as to insure m
company that had not the elements of per-
pelully IN ITS constitution? a poor consol-
alton would It be for a man who had been
paying hls premiums for a lie ume. with
& Uf ID r. IA "a La as. q