The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-07-06
Tur LIFE ASSOCIATION OF AMERICA

TIE LIFE ASSOCIATION OF AMERICA
In consequence Of the recent Miller ex-
animation, during which he (Mr. Miller,
ex-Superintendent of Insurance for the
State of New York and some Of his
friends, on account OF their personal
hostility to the Hon. William Barnes
Qate actuary Of the Life Association OF
America tried to bring the Association
into disrepute by false and malig-
nant ststements, and on account OF
the many infamous and false charges
which agents of other companies con-
tinue to manufacture against this Associ-
alton, the Board Of Directors OF the
New York Department, who represent
over three hundred trustees in that city,
determined to send q committee Of bust
ness men, with a committee Of distin .
suished actuaries to the Home Office OF
said Association, and make such
thorough examination that hereafter no
reasonable man could possibly doubt the
efficiency and honesty Of its management
or its solveucy. 1t now stands as the
only Life Company in this country that
has ever been examined by Committee
OF Actuaries, and the only one that has
ever desired such an examination from
its commencement to do business.
We sincerely hope that these thor"
ough examinations and complete reports
will effectuslly and forever silence the
many calumnies by which this Associa-
ton has been asssiled, and that IN
surauce managers and agents Of other
com panies will hereafter unite their
talents and best efforts with US in
more effectually establishing and
extending the benefcient instllu-
ton of Life Insurance. We only
have space to publish part Of circular
from the Executive Committee OF the
| Association and the preambles and
resolutions passed by the New York
Board of Directors. Any one desiring
the reports in full of the actuarles and
committee of business men of New
York referred to above will please call
at our Office, No. LOG Market street,
Wheeling, and get them.
ANDERSON & CARR,
General Managers, W. Va. Dept.
To rHE TRUSTEES AND PoLIcY-HoLDERs OF
THE LIFE ASSOCIATION OF AMERICA.
The Life Association Of America
having within the first three years OF
its existence attained a success never
before known in the history OF life in.
surance, it is, perhaps. not a matter OF
surprise that envy and unworthy
rivalry should have sought for means
with which to mbarrsss, and. if possi-
BILE, retard the prosperity OF this insti-
tuition.
TO effectually silence the many cal
umnies by which the institution has
been asssiled, the directors resolved TO
cause an investigation 30 thorough as
to expose every transaction, contract
and liability OF the association to the
scrutiny of committee Of business
men, assisted by committee OF emf
nent actuaries, such as no American
life insurance company has ever invited,
and whose report as to the solvency OF
the institution must place it beyond a
doubt.
This examination was under the di-
rections of the New York Department
Board Of Directors appointed to invest
gate the financial condition OF the asso-
Citations and integrity of its manage
ment, and especially "a to the various
charges 80 extensively circulated
against 1t.
Prot. Elizur Wright, Of Boston, and
Messrs. Sheppard. Homes and Edwin
w. Byrant, OF New York, were the actu-
rles selected TO assist the committee Of
directors in their investigation.
That this association has survived
and even prospered under the numerous
assaults that have been made upon it,
we believe to be largely due to the
earnest zeal, integrity and ability Of its
various officers; the fidelity and energy
OF the managers and agents in the diff
ferent departments, and the confidence
of it's patrons.
Notwithstanding the great publicity
given to the fact OF the associ, ton g
undergoing q rigid examination, which
usually tends to lessen confidence in a
company, we are pleased to state that
the association has increased it's BUSH
ness handsomely since its last state
ment, Dec 81, 1871. n
| By order OF the Executive Committee,
/ [Signed JAS. II. BRIrroN,
President
i Your committee beg leave to recon-
mend the passage OF the following pre-
amble and resolution:
WHEREAS, By the report OF Messrs
Elizur Wright, Sheppard Romans and
Edwin W. Bryant, actuaries, appointed
under the action OF this board, for the
purpose Of making careful investiga.
ton into the affairs Of the Lite ASCOT
stion, it is shown. that not only has said
association attained its present position
with unusual rapidity, but that it is in
q sound condition; and
WHERRAs, A committee appointed
for that purpose by this board having Wis
tied st. Louis and examined into secu.
rites held by the association for moneys
loaned, and also examined into the
various charges made against said asso.
citation. report that said securities appear
: to be substantial, and said charges es-
, sentially baseless (all of which ia fully