The Portland daily press., 1896-01-29
UNION MUTUAL.
Annual Meeting Yesterday and Most
Flattering Showing.

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Union NJ utui Life Insurance Company,
attended the annual meeting held at the
home office yesterday forenoon. From
among them the following committee
was selected to receive, sort and count
votes for four directors: Theodore G.
Woodbury., Col John M. /, Adams Major
H. S. Melcher, Charles r. Milliken and
Col. F. E. Boothby.
The committee reported the unanimous
election Of Hon. Marquis r. King,
Thomas A. Foster, M. D., Hon. Freder
iok Robbie and Gen. Sslden Connor, all
of this city. as directors for the term of
three years, in accordance with the char
ter and bylaws Of the company.
The annual report of the directors was
read and accepted by the policyholders
At this point Mr.. Theodore @. Wood
bury said that II it was in order he would
like to express his appreciation of the
report of the president and directors of
the company, and that he had no doubt
but that he voiced the sentiment of the
policy holders present and absent, when
he said they were to be congratulated in
having for the president and directors of
the company, men who have SO managed
the company that they were able at the
end Of the fiscal year to make a report
that was so gratifying to the policy
holders. In all things essential the COM
pany has gained on the right side, and
he called attention to the fact that the
company had increased it's income over
$50, 600 fortthe year. which represents the
interest at 6 per cent on more than $780,
600. certainly handsome statement.
Life insurance Is sacred Investment,
and while in other classes of Investments,
if losses OCCUR they may be recovered, if
after death the insurance policy proves
worthless, it is an irreparable loss to
and, therefore, is exceedingly CRAFTY ing
to the policy holders TO feel that their
investments in the policies of the Union
Mutual Life Insurance Company are
growing stronger year by year. Mr..
Woodbury. further expressed his congrat-
ulations to the policy holders and the
officers of the. company on the exceeding
ly successful year which the company
had enjoyed, which spoke volumes for its
careful ma nagement.
President Richards expressed the ap-
probation of the management for the
kind words OF Mr.. Woodbury., and thank
ed the policy holders for their attendance
at the meeting.
Col Fred N. Dow then addressed the
president as follows:
The expression Of your thanks to the
policy holders for their attendance today
reminds me that when, a year ago, at
the close OF the annual meeting you per-
sonally 80 courteously thanked me for
my attendance, was rather inclined to
thank you and your board of directors
for the opportunity you had afforded me
in attending meeting to which SO salts
factory report of the business of the
company could be made. The same is
true this year. I have found it a pleas
ure to be present rather than burden to
be thanked for, and am impressed to
express to you and the gentlemen present
my qualification at the exhibit you have
been able to make of the condition of the
company.
While am aware that this is a bust
ness corporation, conducting Its affairs
upon sound financial principles and
while have intrusted some money Of
my own to it, with full confidence in the
ability and discretion of its management,
am free to confess that in addition to
my faith in this institution as sound
| and safe life insurance company, l have
a sort oflsentimentlaafeeling, for it is a
Maine corporation. entitled Go the good
| wishes, as it has the entire confidence of
our own people in this state. And am
| constrained to express my belief that not
a little of the general prosperity of our
own state-far above the average of the
country at large is to be served by the
cordial corporation between the man.
| agement Of this company and the people
of Maine.
I feel, therefore, that I should thank
You for myself and my associate policy
holders here today for the opportunity
you have given us to attend a meeting
which evidences SO much of interest in
our company. and especially for the
proofs you have given us of its prosper
Gus and sound conditions.
The board OF. directors then convened
and was organized by the reelection of
the following officers:
Presldent-Fred e. Richards.
-president-Arthur L. Bates.
Clerk of the COrporation-Josiah H.
Drummond, Jr
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