Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1876-01-21
vermont Life Insurance Company.


Inc seventh annual meeting of the Yer
nion' Lie Insurance Company was held at
tne rooms of the Company in this city at
~ clock Tuesday morning, Jan. 18th.
Inc meeting was more largely attended
'nan ever before. The annual report of
'ne oihcers, made very fully and deliberately
py the President. Hon. Russell S. Taft,
showed the company to be in a com
pietely sound and very fourishing
condition. The solid and substantial
assets OF the company have increased
more than forty per cent over the addi-
lions OF the previous year, and the sur
P'us has been increased in like proportion.
The sound condition and increase of the
company is the mere TO be appreciated on
account OF the recent depression in bust
ness through the country. The present as
sets OF the company are SIS, aO3 IS.
OF the u directors of the company. eight
are elected annually aud the remaining d.
rectors hold over. Tue eight elected at
this meeting, were Lawrence Barnes, Noah
Allen, b. 5. Nichols, Daniel Roberts. wm.
q. Shaw. Edward P MIDGET, Wm. W.
Henry and Joel II. Gates, all being re-elect-
cd. The directors who hold over are
as follows:
Torrey +. Wales, Samuel Huntington.
James A Sbedd, Russell S TAFT. Nathaniel
Parker, 10 ID. Hatch, F. C. Kennedy. G.
Grenville Benedict. l.. L. Lawrence. Viii
liam \. Crombie. Edward Barlow, Dana R.
Bailey, james {. Damn, W. l. Gilbert. Aug.
n. Currier. j. ". Newton.
At subsequent meeting OF the directors,
the old officers of the company wero all re-
elected. as follows
President-Russell 5 TAFT.
Nice-President-W l. Gilbert.
Secretary-Warren Gibbs.
Medical Counsel-Walter Carpenter. NJ.
D., 4. p. Grinnell, VI. d.
The following committees were elected
Executive Committee - Russell S TAFT.
WIN; W. Henry, 10 d. Hatch. James
A. Shedd, Edward Barlow
Auditing Committee-B 5. Niciol-. Ma
thaniel Parker.
While the income ol the company has
been larger than during any previous year.
the death claims have been less than any
year since ls72. The dividends paid to
policy holders have been considerably in
excess Of the death claims, and the interest
received has been more than sufficient to
pay all dividends and death claims This
Is a remarkable showing, and must be high
" gratifying to all who are interested in
our sterling home company.
PORTLAND AND OGDESsHURG RAILROAD
The annual meeting Of the Portland and
Ogdensburg railroad was held at Portland,
Tuesday. \ series Of articles of agreement
entered into between the Portland. Og-
denSburg and the Vermont division, on the
2l7t Of December, 1875. was read and ap-
proved. By these articles all these roads
are to be consolidated and authorized to
issue Joint bonds 10 the amount Of $40 600
a mile on the whole line All these roads
and others to be controlled by them are to
be managed by eleven managers. Of which
six shall come from the Portland and Og-
densburg, and five from the Vermont diyis-
ion. These managers are 10 be elected
within three months from the signing OF
the articles Of agreement. When vacancy
occurs in the Board it i to he filed by the
Board of Directors in whose proportion the
vacancy occurs The managers shall hold
their Office for one year, elect one Of its
members president, and elect also its clerk,
treasurer, agents and attorneys, fix their
cumpcnsations and dismiss them when they
like. The whole control and government
OF these roads will be vested in the Board
of Managers, who shall receiveall earnings,
and on the "a day OF January in each year
pay each road its share They shall make
all rates OF passenger.and other traffic. and
keep the contract made with the Eastern
road Feb. %, 1874. They also agree not 10
come back on the city for any more aid,
prior to the date OF this contract The old
Board of Directors were reelected.
Speeches cougratulatory Of the success OF
the road were made and a vote OF thanks
! extended to the Directors Tor their energy
! and the work they had accomplished.
1t l. said tnat one thousand men are now
employed on the Portland and Ogden-Durg
! Railroad between johnson and SWant0n.
| Every section of the road j. being graded.
The contractors, Messrs. james Hogan j
Co. are vigorously pushing the work IN
every department. to the establishment OF
the inhabitants residing contiguous to the
line. who a short time since gave up all
/ hopes of seeing its completion. The grad
| ing, masonry etc. will be completed by the
1 first Of May, and the road ready for travel
. / Il.