The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-01-12
INSURANCE COMPANIES.

LIFE ASSOCIATION OF hAERlCA.- lue lTuS'
tees of the Virginia department Of the Life
Association of America held their fourth
annual meeting at its office, 1915 Main street,
last eyesing-Robert II. Whitlock in the
chair, and John B. Cary acting as secretary.
The secretary read the annual report
which showed that despite the general de.
cline in life insurance for the last few years
the afflirs Of the department were in pros.
porous condition. The annual receipts, in.
cluding interest on loans to resident policy
holders, showed q slight decrease on the
business of last year, while the loans have
increased fourfold In the last four years, aod
now exceed sixty thousand dollars. They
are secured by first liens on real estate ap-
praised in the aggregate at nearly quarter
of million Of dollars, and also by policies
of fire insurance amounting to nearly seventy
thousand dollars; and in no single instance
has any loan been negotiated where the value
of the ground alone, exclusive Of improve
ments, was rot equal to the amount OF loan.
for the year, exceeded five thousand dollars,
and every dollar CT what Is due to date Is
paid.
The Life Association, though one of the
Youngest. ranks the thirteenth In amount Of
/
life companies now in existence in this coun-
try, and is established In every important
commercial centre in the Union.
1t is gratifying to note these evidences Of
success, especially as by its leading features
of local management and local Investment it
supplies much needed want Of keeping
money among us, and loaning it to its own
policg-holders on the amplest rea!-estate
security. 1t negotiates no other Kind OF
loans.
After reading the report, which, on mo-
ton of Mr.. Asa Snyder, was adopted unani-
mously, telers were appointed and the fol-
lowing directors We're chosen for the cur
rent year-Yiz.: Messrs. Asa Snyder, Ed
win L. Hobson, John G. SPOTS, Andrew L.
Elicit, Robert Fl. Maury, Robert E. Blank
eDship, Thomas Branch, John 4. Cbild"ey,
Robert B. Lyme, Richard Irby, William c.
Knight, Peter Z. Warwick, and Robert Ii.
Whllock. Colonel John b. Cary continues
as secretary and manager of the depart
ment.
These gentlemen are all Well.known bust.
ness men of Richmond, to whose care the
people of Virginia may safely contde their
interests Ia the full assurance that they will
be sacredly guarded.
On the adjournment of the Board of Trus.
tees the Dir ec!ors met and unanimously re-
elected the old officers.
OLD DOMINION INSURANCE CoMPANY.-Tf e
annual meeting of the stockholders oil TINS
company took place yesterday afternoon at
s O'Clock in the company's building. Cap,
tain John A. Coke was elected chairman. ana
B. W. Wherry, Sr., was appointed secre-
tary. The President (Mr. b. II. Nash) read
a report of the condition Of the company,
which was very gratifying to the stockhold-
ers. The following directors were elected
for the ensuing year: Benjamin b. Nasb,
Andrew L. El'ets, John w. Wright, Thomas
Potts, James w. Archer, John Fl. Guy, 0.
Fl. Chalkley, Alexander Walker, Charles K.
Skinker, |. S. Tower, H. 4. E'lysoD, A. 5.
Buford, Maxwell T. Clarke, T. William PEN.
berton, r. w. Powers, and E. B. Addison.
At subsequent meeting OF the stockhold-
ers Mr.. b. Fl. Nash was RI elected president.
GRANITE INSURANCE CoMpANY.-This -four =
ishing young company held its first annual
meeting Yesterday at their Office, on Main
street near Eleventh. MIR. James Il. Oooley
presided at the meeting of the stockholders,
and Mr.. Samuel P. Willis acted as secretary.
This company has really only been in ac-
tive operation since September last, but 1t is
now doing business in five States outside Of
Virginia. 1t has a capital of S213,000, and
q surplus of SlG,333.
The following directors were elected for
The ensuing year G. c. Walker, Andrew l..
Elicit, Robert B. Lyme, General B. L. John
son, Peter C. Warwick, Dr.. John Mahonr,
J. N. Daniel. Parker Campbell, c. Ii. Tai
bot, Edward Mayo, Alfred Moses, Oscar
Crapz, A. G. Babcock, John B. Davis,
Stephen Putney, A. D. Williams, John c.
Shafer, Walter K. Martin, George S. Pa!-
mcr. Dr. III. C. Jones. The directors held a
meeting after the adjournment of the stock
holders and elected the following officers:
Gilbert C. Walker, president; Parker Camp
bell, first yice.president; John @: Saater,
second vice. president; Sam. 2. Willis, secr1'
tary.