The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1903-01-07
THE NATIONAL LIFE.

The National Life Insurance Compa-
ny has Just closed the most successful
year in it's history, and the annual
statement printed in to1ay's journal
shows extraordinary gains in every de-
partment of the business. On Friday
President DeBoer issued the following
letter to the managers Of the general
offices of the company:
Montpelier, Jan. 2.
From the home office of the National
Life the officers and their associates
send sincere wishes for your happiness
and prosperity during the coming
year. The one just closed brought its
great misfortune in the death of Pres
ident Houghton and of Counsellor
Huse, both men of excelling virtues
and noble works. 1t had its compen-
sations in the general good health and
success enjoyed by all the field and
staff.
The results of 1902 are credited to
the field and to their faithful, loyal
and persistent work. For their posi-
tive contributions to the progress and
strength of the Company we desire to
express to agents, examiners and their
associates everywhere the thanks Of
the Company. Your work has more
nearly reached than ever before the
highest standards of professional life
underwriting, making it pleasure to
review the record and an honor to be
identified with its discharge
The year 1902 gave the National Life
the largest new business, the greatest
insurance gain and the biggest increase
of assets in its entire history, while
it's performance for policy-holders, we
are glad to say, was correspondingly
enlarged. Besides this we may record
material progress in the various depart
ments of management and the eXis-
tence everywhere of a spirit of unity
and conservative intent which cannot
fail to augment the solidarity and IA
vorably influence the future progress of
the Company.
The preliminary statement herewith
enclosed will Indicate what work was
done and serve to stimulate the work
of 1903 If great magnitude is not
within reach, quality always is and
that, we think, is better worth main
tanning as the peculiar characteristic
of the Company's work. For it will
hold the future of the National as
strong and secure as it's past has been
useful and great.
Upon the fulfillmeut of that purpose
you have our pledges of constant CO.
operation as truly as you have the
thanks of officers and directors upon
the faithful service which you have
already rendered to the Company.
Yours very truly,
Joseph A. DeBoer.
The published statement will show
at a glance the great gains that have
been made during the year, but the
growth and development of the Nation
al during the past decade is even more
vivid illustration of its increasing
greatness and strength.
The following figures are taken from
the annual reports of Janaury 1, 1893
and January /, 1903: Income, 1898
50, 497, 779; 1908, $6,005, 046 Assets
1898, So, 762, 954; 1908, $25, 1856, 030
Surplus, 1893, 1898, 937; 1908, 81, $50,
511. Insurance in force, $685. $5S, 678,
1853; 1908, $l1S, 301, 696.
In 1898 the home office force mum
bered sixteen, now sixty are employees
there.
The National is represented in thir
ty-fve States and territories by fit
general agents and the future outloo
was never so bright as now.
This excellent showing, coming j
the first year of Mr.. DeBoer's presi
dency, in wide sense is tribute t
his sterling abilities as an executive
and the foregoing letter speaks elo
} quently of the faithfulness of the Com
} pany's workers at home and abroad
The prosperity and growth of tn
, National Life means much to Mont
| pelier, and as Vermont's leading finar
cial institution its affairs are of evi
dent import to every part of the State
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