Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1878-04-03


George worthington, Jonas Galusha,
Ezekiel T.. Walton, Isaac Tichenor.
Richard VI. Ransom, Dudley Chase,
Israel +. Dana, Elijah Paine,
Joseph Howcs. Lebbeus Egerton,
Timothy Merrill, Martin Chttenden.
Dcnnison smith. Jeinlhan LOOMS,
Chaplin Keith, Farley Davis,
Dan Carpenter Sylvanus Baldwin,
u. A. A. Buck, Josiah Dana,
james Bell, George Il. Shaw,
benjamin +. Bailey, John Francis.
Elijah Smith, Jr. Darius Pride
Samuel c. Crafts, Truman Chlttenden.
or the above list Judge Baldwin has been for
twelve years the sole survivor. james II. Lang
don and Daniel Baldwin were respectively elected
first Presidents Of the company, but declined
ing Chaplin Keith of Barre was then elected
and served until the next October, when Israel p.
Dana, Of Danve, was selected, and was succeeded
in 1888 by John Spaulding. In 1871 Daniel Bald
win accepted the position, which he retained until
1874, when he was succeeded by James T. Thurs
ton, and he by W H. II Bingham Up to the
year 1851 the Presidents served without compen-
sation. Daniel p Thompson was elected first
Secretary, but did not serve. Then Joshua Y.
Vail was elected and held the position until Jan
uary, 1850 when he succeeded by Charles
| Dewey, who after service Of twenty-five years,
WAS followed by James r. Sabin, November /,
1871. The office of treasurer has been filled by a
number of gentlemen, among whom were George
| Worthngton. o. II. Smith, Homer W. Heaton, c.
j. Keith, Harry Vail, J. L. Wright and o. J. Vail
James T. Thurston served longest in this capacity
period of thirty years.
The progress Of the company was at first slow
but by careful adjustment Of rates, prompt pay
ment of losses, and economical management, it
gradually commended itself to the nsuring pub
lie, and grew in popular favor.
The record of the company for the past fifty
years il one to which every Vermonter can point
with the utmost pride During this period the lead
ing men of the state have been connected with it
AS directors and officers, and all classes have
taken II deep interest in its prosperity. Its man
agement has always been most conservative and
prudent Since its commencement it has issued
one hundred and ninety nine thousand four hun
dred and ffty-nine six-years policies insurng up
to last August, property to the amount Of S20S,-
l67 46j The total cash receipts of the company
have been $1,000, 925. 03, and the amount at risk
on the lst day of August last was s41, 7G2, 1903.
The amount of losses paid and expense of adjust
ing same is 81 go 55S.
But the GROWING pride Of this sterling nstitu-
ton is found in the fact that during the long
period of its existence and the vast amount Of
business its officers have transacted and the
money they have handled, not one penny has ever
been stolen from the company, nor has any de-
acation on the part Of any Of its officers ever oc-
CURED. or even been suspected in the slightest de-
gree. In these degenerate days such a record is
one to be pointed to with feelings Of just pride,
and is cause for abundant congrltulation.
In view of these facts is it to be wondered that
the resident officers of the company thought best
to celebrate the ifteth anniversary of its birth in
modest and proper manner? And what manner
could be more appropriate than partakng Of one
of Mr.. Baey's choice dinners at the Pavilion? Ac
cordingy, by invitation Of President Bin CHAM, a |
few There was one too few we think gentlemen !
connected with the insurance interests in Montpe-
lier met around Mr. Baey's festive table on Mon |
day afternoon to discuss as fine spread rs is often
ON any table.
There were present. from the Vermont Mutual, |
ex-Presdent Daniel Baldwin, President W H. H. |
Bingham, Vice President Fred T. Smith, Secretary
James T. Sabin, Treasurer o, J. Vail and Directors
Charles Dewey and T.. 5, Camp, as well as George
o Stntton and W. r. Dewey from the Secretary's
office, and J. W. +. Washburn and H. n 'Tapin,
Jr from the rreasurers office The Farmers
Mutual was represented by President p T. Pitkin
Secretary Joseph Poland and Directors r. O. Bailey
and S. C. Shurtleii. The Union Mutual's directors
present were w &. Ferrn J. W. Bailey and j.
W. Brock. The stock companies interests were
represented by A. c. Brown. After fully demon
stratng that connection with the insurance bust
ness has no injurious effect upon ones appetite
the chairs were tilted back and various impromptu
remarks were made by those present
The following is complete list OF the officers
of the company from its commencement down to
the present time, with the date of their election: