Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-09-09
SECOND DAYS PROCEEDINGS.

SECOND DAYS PROCEEDINGS.
Pursuant to adjournment the Conyen
ton met at 8 pm. on the 2Sth.
The Chairman, Judge Wright, Of Mem
phis, called the Convention 10 order, anC
stated that the first business was to re
eeiYe the reports of the committees. lii
called on the Chairman of the Chartel
Committee to report.
Gen. J. z. Hood stated that the com
mittee had met at $3.50 a. IN. and consumed
almost the entire day in considering the
draft of the proposed charter which haC
been submitted BY the Board of Directors
He said the Hon. Q. II. Minor, of Illinois
the Secretary of the Committee, would
submit the report
Mr.. Miner submitted the report of the
committee, with q copy of the charter
containing the changes which the com
mittee recommended.
On motion OF Mr.. Stevenson, OF deor
gia, duly seconded, the following reSolu
was unanimously sdoptedl
ResoEred, That we, the delegates from
the several departments, recommend tC
the favorable consideration of the General
Directory the amendments Ofand the sug'
gestious made concerning the charter
proposed, which are set forth in the report
of the committee to whom such proposed
charter was referred.
The chairman then called upon tht
president Of the examining committee fol
Z report.
Mr. Gibbes, of South qaro!lna, said AFR
Gardiner, of Iowa, the secretary of the
committee, would read the report.
Mr.. Gardiner read the following report
OFFICE LIFE ASSOCIATION OF AMERICA, !
sT. LOUIS, July ~, 1869. !
To the Departments representatives OF
the Life Association of AmerlGai
Gentlemen: Your committee on inves-
tigation would respectfully report that
having met at the Office of the Associa-
ton, at O'Clock am, this day, on mo-
ton, w. George Gibbes, of South Caro-
lima, was called to the chair, and c. W.
Gardiner, Of Iowa, was made secretary.
After stating the object of the meeting,
the following mentioned subcommittee
were appointed, y being eYtdeHt that the
work TO be performed was Of too laborious
a nature to be successfully or satisfacto-
rily done by the body;
on BUSINESS AND IN
COME,
w. George Qibbes, of South Carolina II.
o. Goodrich, OF IllipoisI Talbot Ashton,
of Nebraska; II. II. Voolfolk, of Ken
tucky.
sCB-CoMMTTTEE on EXPENDITURES AND
CONTRACTS.
A Beatie, of st. Joe, Mo. c. n. Ord
wav, of Tennessee; J. G. Anderson, of
Kansas; VIM. 5. Morland, of Alabama.
sUB-c0MMIFPEE ON AssEFs AMP sEcURI-
TIES.
F. s. Hunt, of Mississippi; Or. W. Ste
phenson, Of Georgia; Thomss Smith, OF
Arkansas; c. W. Gardiner, Of Iowa; Mai.
Rogan, of Tennessee.
Your Committee would respectfully
submit the following reports rendered by
the different subcommittee:
REPORT OF sCB-CoMNITTEE on BUSINESS
AND INCOME,
RooHs aF THE LIFE ASSOCIATION }
OF AMERICA, :
ST. LoCIs, July 2s, 1869.
The Committee appointed to examine
the policy books and income of the Life
Association of America would report that
they have discharged that duty, and
would submit the following statement:
Amount of policies issued by
the company to July l, 1859. SIS, ,S62, 100
Amount Of policies cancelled
by the csmPanyto July l, 1869. 1888, 800
81, ,lO2, 600
Amount of premiums received
by company on policies issued
and from renewals s...............Sl, ,l52, ,945 y
Amount received for interest
and other sources ........... 81 ,31l 90
Total income. ..............Sl, 1870, ,256 6s
W. GEO. GIBBES, s. c.
IL. o. GOODRICH, Ill.
T. ASHTON, Neb.
r. H. VOOLFOLK, Ky.
REPORT OF SUBCOMMITTEE on EXPEN-
DITUREs.
ST. LogIs, July %, 1869.
We, the undersigned Committee on Ex-
penditures and contracts, having carefully
and fully examined the books and ac-
counts Of the Life Association in reference
TO the above subjects, find them correct
and satisfactory, and in accordance with
the final balance herewith.
4. BEATTIE, Chairman, st. Jo.,
]. g. ALDERS0S, Kansas.
G.. y. ORDWAY, Tennessee.
w. 8. MORELAND, Alabama.
ABSTRACT PROM TRIAL BALANCE.
TO July !, 1869, Sls7, 1876 IS
Losses by death -..........sSS, 600 %
Other losses. S.-.,...,..t..s..., S3f 10
Surrendered pOliees..... 4i5 1913, ,742 20
Total expenses. S22l, 1853 %
REPORT OF sUB-CoSNurEE ON ASSETS
AND SECURITIES,
OFFICE LIFE ASSOCIATION or AMERICA, I
ST. LOUIS, July y, 1sGa.
To the Committee on Examinatln:
Gsatieme7i: Your Committee on Securi-
ties and Assets, having msdea detailed