, 1875-12-05


value on certain Investments higher than the
severest critics might be disposed to put upon
Them 1t would also utterly disarn alt persons
who, from whatever motives, might pc disposed
to take advantage of tha temporary depression
OF values to question the financial soudtty Of the
Company.
Acting in full accord with the Commissioners
suggestions The managers OF the Company, IN
order to make all Of its aasets good, and to. re-
move all questions relating thereto, have ar
ranged to supply the apparent deficiency caused
BY the market value depreciation OF some OF its
securities.
To succeed in this thev must needs deal with
men OF means, possessed of full knowledge OF
the business OF life insurance. and. nble to look
into and make valuation Of the probable future
worth Of the assets referred to. Such men were
found, and carefully guarded negotiations in tho
interests OF the policyholders we're entered into,
and resulted most satisfactorily, so that we are
now able to announce that the assets OF the
Company have been made perfectly secure to the
full amount Of the reserve required by the most
rigid laws Of the State.
IA = matter Of course, it WAS conceded that
those contributing to the assets Of the Company
should be represented in it's management, and
certain changes were, therefore, mutually agreed
upon. These changes involved the Resignation
OF Mr Walkley, tho President who retired that
lie NAV give tull attention to the interests OF
The Company in an investment in which it is
largely Interested. Mr. Wa!kleys resignation
takea effect at the next annual meeting, md up
to that time the Company will have the benefit Of
h1s intimate knowledge Of its business. It ia
also understood that Mr. Walkley will after the
time Just named, remain ~ Director, and be
closely ideEtite with the interests and success
OF the Company.
be 1t ouce associated With tho Company as act
Ing President, This gentleman has been long
aud favorabty known in connection ~lth large
financial interests in New England. and brings
to the Company8 service ripe business expert
cnce, combined with knowledge OF the theory
and practice OF Law, all Of great serElce to the
COMPANY. In order to make him q Director,
Mr. H. O. White, for lung time holding that
position. has resigned, and Iii. Wiggin has been
appointed in his place.
appointed Financial Manager Of the Company.
from this dase. Mr. Futter was applied to IN
the progress Of these negotiations as q gentle
inan possessed Of large means and ampla life
insurance experience, and having Asaented to the
solicitations Ct the Company, was chiefly ins:ru-
mental in supplying the required assets before
alr. s. White, who has been with the Company
for nearly swenty-three years. remains az Vice
President and Treasurer, and will give his en-
tire time and servlcea to the promotion Of It's
interests.
Mr. a. H. Dillon, Jr, long connected with
life insurance interests and widely and fayorably
known a. successful organizer Of ageucles and
laborer ''in the field, has been appointed Second
ce-Presidept aad will at once enter upon the
active duties Of his position.
Those who have known Mr, HalseY S'evene,
Secretary Of the Company. for the past five years,
will be glad to learn that bis services are to ba
retained, and that bis intimate knowledge OF 1ts
business as we'll "a his experience in hfe insut-
ance mat erB, will be still devoted to promoting
the interests Of the "Oid Oak"
E1r. William L. Squire, whose services Us as
Bistant Secretary have fos several years given
eutlre sa:.afactlon to the COMPANY, as well as TO
its Agents, and tnose With nhom he has come in
contact in transactny its business. will continue
his connection. and unite with his associates IN
earnest efforts to extend its usefulness
The Bosrd Of Directors remain as heretofore,
with tue single exception already named. It |
will thus oe seen that the practical management
Of tic Company II to 6s in the same direction as
heretofore With the valuable and highly impor-
taut safeguard added that those who have cou-
trlbuted 20 the Companys assets will take ex- !
ceea'ugly good ca1e to see that the Companys |
IN esznients, pest and future, will be 30 nursed
and protected that loss in any direction through |
temporary depreciation Of market values or 9TH |
crw1se will not be likely to occur.
The management asks that all now interested |
il the Company will give their approval to tho |
upon the determination that the Company should