Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1899-01-26

National Life had contracts already free
from ali restrictions and others which had
been made so by its practice of extending
improved conditions to all outstanding pol
icies. 1t decided, therefore, to accept the
military and naval risks, and issued it's
free permit to serve in the army and navy
without extra premium. This prompt and
liberal action was appreciated at the tmo
and it's wisdom has. as a matter of fact,
been proved by the results. 1t is only
one proof, however. among many of the
protection which the company's policies
afford.
Notwithstanding the depressing infu-
cnce of the war on all business the year
1898 proved notably profitable and success
full. AS compared with 1897 it's statement
shows a gain in insurance of 1898 AIS; a
gain in assets of 81 .319, O60.06, and gain in
surplus of sl19 172.23. During the year the
company paid its policy holders 81, $751;
As in death claims, matured endow-
ments. annuities. dividends and surrender
values, an increase, compared with the
year preceding of over sl6S 900.
The receipts for the year 1898 equalled
The company closed its accounts on De-
cember 81, 1898 with insurance in force of
$50, 65655S, divided among 81, C91 policies
This amount of protection, carefully dis
tributed through some thirty States is Sc
cured by assets of over sixteen million
dollars &16,145,059, of which sl.929, 3377S is
surplus. This gives a security ratio Of
STA of assets to each one hundred dollars
of liability.
At the annual meeting of the company,
held on the 18th inst, the vacancies in the
board of directors occasioned by the
deaths of Judge w. C. Nclzey and George
w. Reed we've filled by the election of
Hon. ]. G.. Mccullough and Harry NJ. Cut
Ter OF the important accession to the
strength of the board by the addition of
Gen. Mccullough, we have already spo-
ken. Mr.. Cutler though less widely
known, is also a very valuable addition to
service of the company for number of
years. In 1890 he was appointed assist
ant treasurer; and when in 1851 Treasurer
James c. Houghtop was advanced to the
vice presidency, he succeeded him as
treasurer. He has filled this iInportant Of
flee with marked ability and fidelity. II Is
familiarity with the investments and gen
eral business of the company though al
ways at the service of the board, will be
of additional value in its meetings.
A list of the directors of the National
Life, during the past half century would
be largely list of Vermont's citizens OF
the highest standing. The present full
board of directors is as follows: Charles
Dewey, Dudley c. Denison, Edward Dew.
ey, Fred +. Smith, James c. Houghton
James T. Phelps Harry NJ. Cutler, Geo
Briggs, George G. Benedict, William T.
Dillingham;. w. Seward Webb, Joseph A
DeBoer. John G. Mccullough.
The officers for the company for the
year ensuing are as follows: Charles
Dewey, president; ]. c. Houghton, vice
president; j. A. DeBoer, secretary anC
actuary; II. NJ. Cutler, treasurer; A. b
Bisbee, NJ. d., medical director; Osmar
d. Clark, assistant secretary; C. e. Moul
ton. assistant treasurer; James b. Estee
superintendent Of agencies.
r. S. Peck is the general agent of thu
company in Chittenden county; and tn,
general agents of the company are as
class men of high standing personally anC
in insurance circles. We congratulate thu
nearly forty thousand policy-holders il
the National Life on the security of the
investments in it's policies, and the public
generally on the soundness and strength
of the institution.