The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1889-07-18
Valley Mutual Life Association.
NEW BOARD.-NEW MANAGEMENT.-1M-
PORTANI ACTION


PORTANT ACTION.
Some months ago several business men
of our city purchased a controlling inter
est in the stock of the Valley Mutual
Life Association, the oldest of the several
Life companies doing business in our
city, 1t was purely a business transac-
ton. As business men, the purchasers
of the Valley Mutual Stock could not at
ford to put $50, 900 in the company, upon
other than purely business principles.
They are men who have been eminently
successful in their individual business
enterprises, and are not disposed to place
their money in enterprises and allow
them to remain inactive, nor fail to get
from their investments all that can be
made by legitimate business manage
ment
In consequence of the change in the
ownership of the stock, there has been a
change in the management of the com
pany.
Hon. A. II. H. Stuart, who has for Il
years, been the President of the Associa-
ton, declined reelection, under any cir
cumstances, on account of advanced age
and health A number of the old direc-
tory had disposed of their stock and
were no longer eligible
AT a meeting of the stockholders held
Directors was elected HI. NJ Bell, M. E..
Miller, G. l.. Cooke, Asher Ayres, Geo.
G.. Jordan, j. Fred. Etfinger and Thos.
H. HUMPHREYS. AT a meeting of the
Board held Immediately after the adj
jOurnment of the stockholders meeting,
the following officers were elected M. E.
Miller, President; H. M. Bell, Vice Presi
dent; L. H. HUMPHREYS, Treasurer; j.
Frank West, General Agent; J. Fred.
Ef1inger, Comptroller.
VIM. b. McChesney, who has for some
time been the Secretary of the Assoca-
ton, and who has efficiently discharged
the duties of the office, holds over, as
there was no election had for this office.
There has as yet been no change in the
Office force, and only such changes will
be made as may appear to the Board to
be for the good of the Association, with
out in any way rejecting upon the very
worthy gentlemen who now hold the
several positions in the office.
The new Board of Directors and officers
of the Association have not only been
successful in general business, but they
are successful and practical managers of
Life Insurance business as well. The ac-
tive leading men in the Board have given
life and vitality to Life insurance in our
city, and have made Staunton a south
ern centre of Life insurance, which at
tracts business from all the Southern
States, nor are their operations confined
to the South. AS they progress in
strength and age, they are reaching out
for new fields in other States. building
as they go upon sure foundations, ce
mented together by enlighted and enlarg-
ed experience, which establish conf
dence, and give assurance of greater sue
cess in the future.
We look for bright future for the
Valley Mutual in the hands of the new
management. Life insurance is a pro-
gressive science, and the new managers
Of the Valley Mutual have devoted their
time and talent to the development of
the principles involved in the delicate
and intricate problems, of such great
value to mankind That they have
achieved success is evidence that they
have the ability to deal with the sub
ject, to the advantage of all concerned.
Life insurance is not a charity. You
must pay for it as you would for any
thing else upon fair, just and equitable
principles. Nor is it any objection to
this Association or any Life company,
that the managers make money out of
them. Business men all work to make
money, and those who are successful in
making money for themselves, will work
for the same degree of success for those
associated with them. Their interests
are mutual, and it is this principle which
stamps the gentlemen of the Valley
Mutual, as the men who, by the stern
application of business principle, by
properly directed energy and financial
skill and ability, will work out new
and brilliant destiny for the enterprise
they have taken in hand.