The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1879-07-10

The VALLEY MUTUAL LIFE AssoCIA-
TIoN.-The regular semi-annual meeting of
the Board of Directors of the Valley Mutual
Life Association of Virginia was held in the
'company's office, in this city, on Tuesday,
the LIST. There were present the follow
ing directors Hon. A. H. II. Stuart, W.
b. Craig. George P. Baker, P. Fl. Trout,
William Forbes, DR.. W. S. McChesney, R.
M. Ayres, c. i. Cooke and G G. Gooch.
The most important business transacted
by the meeting was the reception OF the re-
ports. By those reports it was shown that
under its present management the Valley
Mutualhas achieved success almost with
out parallel in the history of life insurance
institutions. Organized just nine months
ago, in the midst of stringent financial de-
preston, when there was a general DISPOSE
ton among the people, especially OF this Sec
ton, to avoid mourning new obligations,
and when life insurance companies were not
in particularly favorable oder, it has, in
spite Of the difficulties that hedged about its
infancy, gone forward with wonderful
strides, and ere it has finished three-four tbs
of the first year of its existence, reports a
business of SS50,000. Added 70 this flatter-
ing exhibit is the further fact that not sin
gle death has occurred among the insured,
and the policy holders have consequently
been called upon to pay no assessments.
The success that has thus marked the ca.
reer of the Valley Mutual is due primarily to
the admirable system upon which the organ
ization operates. and in no small measure,
to the skill, care and business sagacity that
have controlled in its management. 1t is es-
sentially mutual Institution, and places
the benefits Of life insurance within the reach
of all, enabling one TO take out policy of
from al00 to $4,000, and affording the very
best guarantees that the consideration for
which the holder pays his money will be as
sured to him when the emergency, against
which he seeks to provide, comes on. There
is no accumulation of funds to excite the Gu
pidity of officers or tempt to speculative in-
vestments. Every policy-holder is treas
urer of the company, and when called upon
to make payment knows exactly for what
purpose the money is needed, and the COM
pany is provided against any derelction on
the part OF the policy-holders, when assess
ments are made, by the security it, holds in
the shape of the money paid in when the
policy is issued.
The care and discretion exercised by the
agents in the selection of subjects for insur-
ance is best evidenced by the fact that no
death assessments have yet been made.
We cannot commend the Valley Mutual
in too strong terms. 1t is home institution
of which Staunton and Augusta county may
well feel proud. Managed and controlled by
gentlemen in our midst of the highest per-
sonal and business integrity, and placing the
blessings OF life insurance within the ability
Of the poorest, it combines the essentials Of
unquestioned responsibility, lowest rates
and easy payments. The success tina. has
thus far attended its operations is but the
foreruhner OF the great good it is destined to
accomplish.
Mr.. Jos. Burkholder,a venerable and high
" respectable citizen Of Rockingham died Of
asthma on the 4th. He was the father of Mr..
P. T. Rurkholder. of this Mace