The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1873-07-24
LIFE INSURANCE.
Annual Meeting of the Board Of
Trustees Of No. v. Life
Inns. Co.
Second Days Pr0ceedinss---Busi-
ness Transacted.

L OCOOuu DOy AAVSSssoo
ness Transacted.
A promisej to our readers at the c'ose OF
our report in yesterdays issue. We herewith
present brief outline of business a. transacted
| BY this Board during their second days la
Dor, including their session of yesterday af-
ternoon. which con,inued until about II
O'Clock p. m.
At the morning se-sion Of yesterday
committee vas appointed to investigate into
the business management Of the Association,
! and second comnihee 10 examine their
syst,m of resi-tered policies. together with
the deposits made with the Treasurer Of the
State, As required by Law, and on ascoun, of
registered policies. The committees went at
their work with . vi,or, and certainly
evinceJ purpose TO make their examina-
tons ~ thorough as was demanded BY the
fact that not only were they themselves large
policy holders in the Company, but that they
represented the large body Of policy ho!der
in different states Who had intrusted them
with the work of collecting definite informa-
ton as h the Company's condition, and to
ofts, sucb NODDED suggestions 10 the MANAGE
ment OF the Company As would, in their
judgment, insure for it continued and in
creased prosperity.
The nenorts of these comm;tiees were
-, la. ho,r ~. ;,,s,v.,;,.
Tune being occupied oy inc noAfo Id gen.
eral discussion of the CompaDy's methods OF
dining bus;pess. and in conference with the
officers and directors of the Company upon
statistical facts. eucb "a vould give them an
;dea of ia relative position among our
American Life Companies. The best of har-
monv prevailed. and the deepsst interest
v,s manifeeled nv all the m .mbers.
The renort of the committees being re-
ce;ved and read some time vas occuuied tv
The Convention in discussing the same In
detail 10 satisfy them that the examination |
h.d been. IA intended. thorough and COM
nr.hensive and owing IN the latene,s of the /
hour final action upon the reports was de-
frrr.d until the morning session, when they
were a,lou,ed in full. ordered to be spread /
uroo the records of the COMPANY and copies
thereof furnished for the information of the
different State and local boards of the Com
nanv.
We were kindly permitted to examine
s,;d repor,s. and note the following points:
LIST. The committees find the books and
accounts of the Company have been carefully
and accurately kept: that they corroborate
the detailed statement of the Company a.
,ub,i-hed by them December 3ls,. 1872, ard
that the business of the COMPANY has been
csrefulIy and successfully managed BY its
off, ers.
q. They find an aggregate increase Of in.
,ursnce in fine, after allowing for policies
ermip,ted by death. lapse and surrender. | ,
.,nce January lat, 1873, Of about 81 900 600 I
81. That the deaths so far this year have
,een as in the former history of the Com
,any but about one half of the estimated |
,mount.
4;b. That the a.sets of the Company have =
1 largely since December 3Ist. 1872.
9Th. That the securities taken by the 9
,,mpany for loans of their funds are snffi. '
ient in each Gaze: that commend .bIe 4
are has evidently been exercised by tine u
arrangement of the COMPANY in this e
pspe,t and The committee recommend that e
,n,;nned dilIisenc. and scrutiny he eyer n
i-ed in the examins:;ou of title, and values d
{ se,.,ritv ,.ken. n
9Th. That The amount for salaries of Off g
=. c,e,t hire and off,, e,nen., b.s hsen i,
eL,,c.J 10 one half of tb,, n,;d las, Il
ar on tbis account. AMI that in their onin.
), hi, ,oI,c,;n, vii M, ;n,.,f.,. w,.h Oh.
,c..s.f,, n,,n...msn, ~ Tho co,,n,n,
.pde, :, less efficient
7,b. Tbev recommend a seu;- ,rnu,l A
s,emant of The comn.nv's condition ;n.,s,J
i .nnuallv =. here;ofoye
sh Thsv renort in ds.,;, u,o, tho 5;-s,
On of the co,npanv. of their snIend;d huild.
70 Al corner of Fnnr.b and Sh.vnae md
! mess their SATISFACTION and belief ,ba, the
me will h. of .dvsn,,oe n the Interests of
). comn,nv :, . h,,.;ness ,.o;nt 81 TO- Il
TIE comn;,,.e m reo;.fsrsd noi;.;e, II
ort embr,ces The resuIt If ,be;r research :.
1J s,.u,;n.,;o, vh;ch me, h. sumnoi
= s.v;no ,h,, ,hev fad on asnos;t v;,h ,bs Il
,s,su,s, NJ Tho Sat. hond. md n,ortg,oes b
rnIv .ufs;.;ent ~ m.st All The rsou;,s1sn,s
I H. l.v With reference N r.o;sferaJ noi;. 4
es. bes;des . deno,it of over one bu,5rea
,,,,.. "A doi,,,. e., ,ho hsr.6, ~ .II ,,oI;o, a