The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1880-01-08

/ TIE VALLEY. MUTUAL LIFE sASSOCIA
TIoN.- The regular semi-annual meeting Of
the Directory of the Valley Mutual Life As
ISOLATION was held in the company's office
in this city, yesterday, the following gentle.
men being present Hon. H. III. Stuart
President c. L. Cooke, Secretary; VIM
Forbes, Gent Agent; DR.. w. S. McChesney
Medical Examiner; P. II. Trout, Treasurer
and Messrs. w. E. Craig, Isaac Witt, J
Sidney Moffett, G.. G.. Gooch, Geo. p
Baker and R. NJ. Ayers, Directors.
Since the last meeting, the large double
offices have been tastefully carpeted, and
handsomely furnished, and the entire es-
tablishment indicates that prosperity which
has so signally marked the career Of the AS
ISOLATION. The folding doors between the
two rooms have been thrown open, and an
attractive railing substituted, at one end Of
which is a handsome walnut desk, across
which the business of the concern is
transacted.
The report of the Secretary was sur
prising and gratifying. 1t showed that
since the organization, but little more than
year ago, over one million sic hundred
thousand dollars in policies have been is
sued, upon tire lives of some 800 persons.
This result is mainly due to the tireless
energy, business sagacity, push and enter
prise of that efficient officer, Mr.. c. L. Cooke,
whose management Of the complicated af-
fairs of an institution so extensive, has
certainly been admirable, and whose efforts
have been ably seconded by the experience
and zeal, of the Gen1 Agent, Mr.. VIM
Forbes.
Two of the policy-h olders, DR.. r. F..
Baldwin and Mr.. J. w. Abrahams, have
died since the last meeting-the first deaths
that have occurred in the membership Of the
Association. Each of the lives of the above
named gentlemen was insured for $4,000,
which amounts will be paid at maturity.
The most important transaction of the
meeting, was the establishment Of what is
to be known as the female department of
the Valley Mutual Life Association. This
will insure the lives of females only, and will
be separate and distinct from the general
plan. The terms will be the same as in the
general membership, but the departments
will be entirely distinct. No male will be
assessed on the death of a female, and vice
uersa. This enlargement of the operations
of the Association will no doubt result in
great good, and will largely increase
it's business.
It will be Of interest to know that the
Board instructed the Secretary to issue a
circular to agents, notifying them that un-
der no circumstances will they be allowed
to take policy at less than So on the s., 900.
These instructions will be rigidly enforced,
and their violation will operate forfeiture
of the commission.
Before adjourning, the members of the
Board expressed their qualification at the
progress and condition of the Association,
and its bright promises of the future. They
complimented the management of its Off
GERS, and approved of the manner In which
the business of the concern had been
conducted.
The Valley Mutual Life Association is an
institution of which the people of the State,
and especially of Staunton and Augusta
county, should be proud. 1t is emphatically
a home enterprise, inaugurated and man.
aged by some of our most sagacious and
substantial business men and designed to
benefit our own people. It offers advan-
tages superior to any company we know OF,
extending the benefits of life insurance at a
minimum cost, and assuring the full face
value of the policy at maturity. We are glad
to hear of its almost unprecedented success,
for it deserves it.