Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1902-08-09
OF the Richmond Beneficial
Insurance Company.
DR.. GRAHAM NO MORE
ITS PRESIDENT.
Secretary and General Mana
ger Taylor's Annual Re
port.
Mr. +. f. Johnson Now Occupies the
Presidential Chair-That Circular
Letter-A Blow from Behind.

On Friday night, July %, 1902, The
Richmond Beneficial Insurance Com
pany held its Eighth Annual Meeting
All of the stockholders of the company
We're present save one, whose proxy
was represented by DR.. WI. Graham.
The stockholders have always looked
forward to these meetings with much
interest. for in the annual meetings of
the company, the reports from every
department of the company's work are
made.
The NEE: ing opened in its usual form,
Dr. w. +. Graham pFes'd PRAYER
was offered by Mr.. Anderson Knox. aft
er which the following named stock
holders answered to the roll-cal:
w Z. Graham, p. A. Martin, J. ].
GaTter, Il; +. johnson, A. T. Grimes,
J: e. Byrd, john Il. Taylor, Jefferson
Miles y. II. A. Strothers, Anderson
hnox' John Smth, A. b. Hawkins, NJ.
ID Payne, Mrs. Washington Fitzhuph
(proxy DIR. Graham), S. j. Gilpin. wise
Ellis and Quinn Shelton. The roll of
stockholders having been called
the Secretary, Mr.. John 7. Taylor was
directed by President w. F. Graham Co
proceed with the reading OF the min
utes or the.last quarterly meeting.
1hls done, the secretary was directed
20 read the minutes of the Board meet
lngS Tor the months Of May, June and
July. After the reading of the minutes
on ehe quarterly meeting and the min
utes OF the several mon ,hly meetings of
the board, 1t was decided ON motion of
said minutes.
AT this point, the secretary. Mr.. John
L. Taylor, under the direction of the
president proceeded with the reading of
the quarterly and annual reports. These
reports brought out in itemized form
the receipts and disbursements for the
quarter beginning April 1st and ending
July list, and the receipts and disburse.
ments Tor the year beginning July 1st.
ISOl and ending July lst. 1902
The reports showed 6400 policies is
sued Tor the year and so, AT policies is,
sued since the organization of the com
pany.
Amount of insurance effected, 81, ,3s5.
4%4.O0; lO,579 sick and accident claims
paid for the y, ar, $2S, S6S. GA; 257 death
claims paid for the year, $7,9l5.65; total
amount paid for the year on 10, ,S36
claims, $50, 7792
Ihat part of the secretary's report on
the larm and other properties of the
company showed the same to be in first
class condition.
The secretary's report having been
completed, the president directed Mr..
A. B. Hawkins TO proceed with the
reading of the Auditing Committees
report. This being dene, and the same
snbstantiating the reports of the secre-
Fary In every particular; it was decided
on motion Of Mr.. O. H. A. Strothers to
adopt the reports.
AT this point, President w. f Gra-
ham proceeded to make his annual re-
port tverbaD. He stated that he felt
hlgh1y pleased with the progress, etc,
of the company; that he felt that he was
standing lnthe presence of gentlemen
who controlled one of the greatest en-
terprises OF its kind among men.
In this verbal report the Doctor went
on 20 picture out brilliant future for
the company. He stated that he had
Just been over the field where he had
made several big speeches in the inter
est OF the company He also said that
IL the members would stand by him
particularly at this time, that he would
make them great. After saying manV
other beautiful things relative to the
work OF The company, he said that on
his return TO the city, he had heard
some very unpleasant rumors. That a
move was on foot TO remove him from
the presidency. He demanded off the
members an expression and whether or
not the rumors were true After find
ing that the members We're not disposed
to give any expression, Br. Graham an
nounced that the election of officers was
In order
he stated however, that this was one
time that he desired the members to
stand up like mon and cast their votes
IN his presence, as he would not go out.
During this time there was ouite a
pause. After which Mr.. e. f. johnson
arose and stated that since nothing was
IN order but the nomination Of officers.
and since it was proper that the pres
ent incumbent should be first nominat-
ed, he presented the name of DR.. w F.
Graham for president. The nomina-
ton of DR.. Graham Being duly second
ed, Mr.. s. j. Gilpin Immediately AFRO Sc