The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-02-10
.SLOGGET
FOR CHINA
Will Take Place
There of Two
Officials.
Mccoy and Murray Are
Superseded by
Board.
Oriental Life Insurance Co. Makes
Changes in Offices and New
Deal in Its Affairs.

DR.. Henry z. Sloggett, formerly Pres
ident of the Board of Health, has been
chosen as medical director and man
ager for the Orient, of the Oriental
Life Insurance Company, and will,
within a short time. leave for the scene
of his future labors in Shanghai. In
the post of medical director DR.. Slog-
gett will supersede DR.. H. V. Murray,
and as manager he will take the place
which has heretofore been held by j. p
Mccoy, who exploited the corporation
and was its first president.
And in the changes there is said to
lie a tale of a good thing gone wrong,
young man who will have to work
harder in the future. and a company
which has taken on a new form of ac-
for the Oriental Company when he re-
turns from his honeymoon trip in the
States, which he is now enjoying, and
as he proved his capacity for such
work before he organized the company
of local capitalists, the men who have
made the corporation possible here look
for even greater results than they have
thus far enjoyed.
The company is not yet in its second
year of existence but it has made
organized there was set aside large
block of it's shares which were to be
the bonus of the organizer, and the
plans along which he moved were of
the most extraVagant, He had succeed
ed in interesting some of the best known
capitalists both Hawaiian and Chinese
here, and he went to work in good
earnest and the preliminaries were ar
ranged with dispatch. The Board of
local folk, for the corporation. is I'M
fore must have it's habitat within the
boundaries, launched the concern finely
and with this office going we'll President
Mccoy and Medical Director Murray
sought the Chinese field, where the
greatest lines were to be written.
But the work was not of the quality
that was expected. There were delays |
in getting to full speed and expenses
were of the highest. The offices of the |
corporation were of the best, the idea |
of the manager was to make an impress
sion and it was done, but business was
not as brisk as it has been figured out,
and there were inquiries. 1t was found
that the expenditures were entirely out
of proportion to the income. The COM
pany was represented as would be one
with years of policy writing behind it
and a reserve of millions. Then it was
decided that there should be a change
and it was brought about. w. r. Cas-
tie was chosen president and after in
DR.. Sloggett should be sent out to have
charge of the medical dictatorship and
the management as well, and the erst-
while president was induced to become
1ne of the solicitors of the corporation.
This involved the alteration of the origi-
1al contracts for exploitation and the
business of the concern was at once put
IN sound basis and its stock made to
'epresent capital in the business, with
tut bonuses of moment.
With the changed conditions in China
t is reported that there will be oppor-
unities for work which have been I'M
,qualled anywhere and the activities of
he concern will be concentrated there.
BY and by there may be a general man
ger added to the staff, but for the pres
mt there will be only a working force,
With DR.. Sloggett representing both
fices which have been vacated by ac-
ion of the board.