The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-02-10
A GREAT FINAN-
CIAL INSTITUTION
one of New York's Most Prominent
Concerns Opens Offices in
Salt lake

Among the established financial in
stitutions of the east having branch
OFFICES in Salt Lake City, we notice the
recent addition to the list of the ProVl-
dent Savings Life Assurance society or
New York. The Provident Savings has
opened Offices in rooms 20O-2Ol D. L.
Walker building, as headquarters for
the management of their mountain de
partment and have appointed Mr..
Fisher Harris of this city, and Mr..
William II. Valentine, formerly OF
Richmond. Va, as managers for TINS
DEPARTMENT.
The Financial Record of New York
City, in its issue of Jan. 30, has this TO
say of the PrOvident Savings:
IF to one feature more than any
other in the conduct Of its affairs IS 10
be attributed the unqualified success
that the Provident Savings Life Assur-
ance Society has attained in the bust
ness of life insurance, that feature is
the one of prOnptness in the settle
ment of its obligations TO policy hold
erS. Where is there another company
that can point to a record of not
single death loss that was due still re-
naming unpaid at the end of the cal
endar year 1900? 1t is an achievement
to be proud of, and yet it is accepted as
a matter of fact by the benefciarles OF
the society, who see in It but an eX-
emplificatiOn of the prOmptnesS that
Q
official routine.
The Provident Savings Life Assur-
ance Society looms uD bigger every
year That the company has pushed
ahead so rapidly and become such
power in the world of insurance and
of finance occasions little surprise when
the character and ability of the man
! who has been guiding its affairs is con-
sideTed. Under the administration of
President Edward W. Scott it has in
the past four years doubled its income,
assets and reserve for policy holders.
Mr.. SCOTS management of the PrOVi-
dent Savings Life affairs has been one
of energetic enterprise tempered with
/ conservatism and applied with rare
good judgment, and the results ere
seen in the commanding position of the
company in the business of life insur-
ance.
THE new business written by the
/ PrOVident Savings Life in 1900 aggre-
/ gated the splendid total of $39, 210. 425.
/ which tends to show that the policy
| forms of the company are meeting with
1 much favor. Payments TO policy hold
/ eTs during the year amounted to ST.
/ CSC, 05L53, and the total payments since
/ organization with the amount now held
I for their benefit aggregates $22, 655, S92.
/ The company has added to its reserve
/ fund for GOlicy holders during the year
/ $685. 99. The statement shows a hand
/ The assets of the company, amounting
/ to $4,025. $500, are carefully invested
( IN real estate and in first-clasS securi-
ties.
The policies Of the company are lib
eral in their scope and cover every pos
slble requirement, and the benefits con-
| terred are readily seen and appreciated
| by those fortunate enough to have their
insurance placed in the Provident
Savings.
The company has had a. big year;
! but the year just opened will see great
er achievements to its credit before il
is passed over. and with the master
hand Of President Scott to drive and
guide, this thriving company will make
itself more OF a power. extending its
sphere of usefulness, and spreading the
blessings of life insurance through its
liberal policy forms. The policy hold.
ers are to be congratulated on the
showing of their company and the bull
wark of strength that their president
has erected to safeguard their inter
ests."