The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-11
SUCCESS WON
IN Ten MONTHS
Annual Meeting, Continental Life
Insurance md Investment co.
BUSINESS MEN INTERESTED
Total Assets $2S6,7Ie.51, With No
Losses During the Year.
BUSINESS MEN INTERESTED

The annual meeting Of the Continent
tai Life Insurance 4 Investment COM
pany was held yesterday afternoon at
the offices of the company in the Atlas
building. West Second south street.
This company was organized I'm Utah
and began business last March. In one
sense of the word it is a purely home
concern, yet it has among it's stock
holders men who are prominent in bus
mess circles in Idaho, Montana, Wash
ingtOn, oregon, Nevada and California.
Hiram Tyree. who was elected presi-
dent of the company at the annual
meeting yesterday, was the organizer
of the company, and under his direc-
ton, as general manager. the stock
was sold in small quantities through
the state, so that the success of the
company may be said to center among
many stockholders instead of among a
few.
Besides the election of Mr.. Tyree to
the presidency. the resignation of w
II. Cunningham aS secretary was aC-
cepted. Mr. Cunningham resigned his
position 10 accept the business man
agement Of the ComDany's interests u
San Francisco. He is succeeded by g
c Wylie. Il director, who was formerly
connected with the Equitable Life As
surance company in Montana. This
an insurance man of ability and eXpe-
rience. The complete list of the Off
GERS and directors elected at yesteT-
days meeting follows:
H Tyree. president: Frank Pierce.
vice president; w. :. Mccormick. treas
urer; c G. Wylie, secretary. Board of
directors: w 8. Mccormick, president
Mccormick & Co, Salt Lake City: L.
5 Hills. president DeseTeJ National
bank, Salt Lake City: J. D. Wood
I fr~o IL n1r I III
Frank Pierce OF Henderson, Pierce,
Critchlow & Barrette. attorneys. city;
H. Tyree. president Continental Life
Insurance & Investment>C Co, Salt Lake
City: w. V. Rice. mining and capital
list, Salt Lake city; z. c Jensen, bank
er and stock grower. Mt. Pleasant.
Utah; a. i. Stone president State Saw
ings bank. Dillon, Montana; r. d
Steele, vice president CiaUatin state
bank. Bozeman. Montana; James Reid
Bozeman, Montana; John Gillie, gen
eral superintendent Amaigamated
mines. Butte. Montana: James P Muir
ray, state senator ana stock grower.
Dillon, Montana, \ L. Babcock- presi-
dent YeroN stone National bank Bill
iingS. Montana. {. c. Nyiie. secretary
Continental Life IEs. & Inv. Co; Il. y.
May PEys'"'an and surgeon. Salt
Lake city: =. r. Cutler. manager Utah
and idaho sugar c.. salt Lake city;
John Dem, president Consolidated
Fred j. Kiesel. merchant. Ogden Utah,
Samuel Newhouse. mining. Salt Lake
City: w. w. WyIie. president Wyle
Transportation Co, BOZemaR. Mon
tana; Frank r. Goodins. governor of
Idaho. Boise. Idaho: II. J. Wallacott,
81 esideut state Bank & Trust COM
pany. Los Angeles. Cal; George +.
Ames. capitalist, san Francisco; G g
Carpy. pres dent French American
bank. San Francisco, Cal. and Edward
r. De1ger. capitalist, San Francisco,
Cal.
From the annual statement sub
mittei to the meeting yesterday the
following abstract of the financial con-
dition Of the company IS made:
Authorized capital stock. $500, 900.
Cash capital paid up, S2000t0-
Amount Of Daid-for insurance Writ
ten in ten months. from March to De-
eember 81, 1905. S3,450.00O.
Total income from premium receipts.
S141. 439.
ReceiDts from interest on invest
ments. S6.119S5.
Total income from premium and in
terest account. St47. 55S.S5.
Total assets. as per the books of the
company. S2S6.719.51
There have been no losses during the
year.