The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-04-06
CowPER ELECTED PRESIDENT.
Mr.. Primrose Declined Reelection As
President of the n G.. Home.

L. L y
President of the n G. Home.
The directors of the North Carolina
Home Insurance Company held a meet
ing sin the offices of the company yes
terday afternoon, and elected the follow
ing officers Pulaski Cowper, PRESIDENT
Alexander Webb, vice president, and
Charles Root, secretary and treasurer.
Before the officers were elected, the
following letter was read from Mr.. w.
S. Primrose, who has been connected
with the company about fourteen years.
Raleigh, N. c., April 9th, 1893.
To the Board of Directors of the North
Carolina Home Insurance Company,
Raleigh, \. c.:
Gentlemen: The election of officers of
this company was postponed from the
annual meeting in February, to take
place at am adjourned meeting to-day.
] desire to say that | will not be Il
candidate for reelection to the office
of President, and | wish further to say
that / take this opportunity of thank
ing the members of the Board of Di-
rectors. and the officers of the Com
pany for their uniform courtesy and
support to me, since ! have been con-
nected with the North Carolina Home
Insurance Company, before and since ITS
connection with the German-A
Insurance Company.
The company has Il good plant its
assets are well invested, it has good
staff Of agents, and it well merits the
success which / trust it will meet in the
future.
With my best wishes for the pros
perity, both Of the North Carolina Home
and the GermanrAmerican Insurance
Companies, / remain
Very truly yours.
w. s. PRIMROSE.
The following resolution was adopted:
The Directors of the North Carolina
Home Insurance Company, in view of
the communication from Mr.. w. ).
Primrose that he is not Il candidate for
reelection to the office of President,
which he has long and faithfully held,
desire to express to him, and have enter
ed ON the minutes of the Board, their
appreciation of his services to the Com
pany as its chief Hicer, and their high
regard for him personally.
Therefore. it is resolved. That the
Directors of this Company recognize and
appreciate the ability and faithfulneSs
with which Mr.. w. :. Primrose has
directed the affairs of the Company
during his long inCumbency (during the
last eleven years of which the available
assets of the Company have increased
from S37 900 to S97,000) and that they
regret that motives of economy mpei
them to consent to his declension to te
a candidate for reelection, 50 that Nhe
duties of President can be united with
those of another officer without increase
of salary i'll the two offices.
Resolved further, That Mr.. Primrose
is requested to continue in the employ
ment of the Company, until July Isl
next, with the continuance of his present
salary, to assist the other officers of the
Company and perform such other duties
as may be required of him by the Exc
cutive Committee"
Mr.. Primrose is one of the first in
insurance men in the South, and has
done much for the company. Mr. Pu-
laski Cowper. who succeeds to the presl-
dency. is the father of the insurance
fraternity in the State, and one of the
best insurance men i'll the South. Mr..
Alexander Webb who succeeds MIR. Ed.
Chambers Smith as vice president, is
native of Warren county, who has built
up ii large insurance business in Ashe-
vile. He will move to Raleigh and will
be warmly welcomed. Mr. Root, who, is
reelected, has been long with the COM
pany and is very competent officer.