Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1906-01-18


the records of the directors and policy
holders for ten years back. as suppl ID
to the aforesaid committee, that the meet
ngs were held on due notice. proceeded
cohformhbiy to charter and bylaw pro-
vision and were free from contests all
Of that time.
STRONG PROGRESS IN 1905.
It is impossible to better char.cter,ve
the company's experience during 100,
than to repeat IN substance the words
Of our last report on the transactions for
1901. that on all counts mortality in
terest. expense, new business, ins,r-
ancc gains and surplus saved. it was en-
tirely satisfactory. 1t was peculiarly
so in the quality which was maintained
in both investment and insurance work
The results for the year and for many
years back sustain the wisdom and
strength Of the company's system OF in
surancc and its wholly conservative
care of the business as n whole. Atten-
tion is specifically called to our full
balance sheets Of income. out
go, assets and liabilities in the hope
hat every polcyholder may understand
| h'ir full import and thus appreciate the
character and value or his property and
tho solid, safe and certain nature of his
insurance. If in the past, as it is conf
IDENTIFY hoped my be the case in the future
the policyholder had underworld to CO.
operate more fully, at least inSIivng at.
tention to the published information regu.
larry supplied from this office, there would
to-day exist less Misrepresentation on this
subject. Gains should denct. actual accrs
tions of permanent strength and thalkinc
| of gain can only arise and continue to
exist in connection with level premium,
life insurance. 1t cannot originate in sys.
tens which require no policy reserves,
which are not built UP on a solid basis Of
good money and of sure assets 1t is the
purpose to consider every feature of our
business very fully in this report but. as
an evidence of progress made in 1905 by
this company, now in the 9th year of an
exclusive and positive service for its pol
icyholders. we submit the following gains
as compared with 1904; in income s546.652;
in assets, 1853; in surplus $500 $40: in
payments to policyholders, S39s. 53S; in ex.
penses (neanng by that item all disburse.
ments other than to poicyholders) sS,36l
in insurance, s1o719,3jo. In general these
gains were the largest in the company'q
history. excluding the item of expense.
Which, as Will dpptdI Idltl iluINdltS Gil
actual relative reduction.
! In closing President DeBoer says:
A PROSPEROUS FUTURE.
Looking back over experience Of
more than half a century. there is always
room for the regret that the founders
and old-tme officers of Il worthy and
successful institution have passed away
one by one. But recently the company
announced the death of ex-President
Charles Dewey, who served it continu-
ously from the date of its organization,
when this city was village and life
insurance itself as yet untried and in its
experimental stage At the close of that
long period, famous for the varied civil,
financial and political history through
which this country passed, our company
is found to have done it's work we'll and
to possess condition which public
opinion commends and which a full an
alysis of all its affairs approves. Upon
that long experience and that strong
condition the company may safely rest
, and securely build its future. which will
, not emulate the size of some or the in
, ternational character of others but which
, will devote itself among its own people.
the people of this nation, to safe and
carefuI 0lScnafSe OF tle DeSt possible
life insurance work.
We trust that this report, made by the
directois and officers of the company to its
Ipolicyholders, may meet with their APP
, prevail and support. No word, perhaps.
can be more appropriately used in closing
/ this report than that which was used last
year and is equally applicable now. The
Q company's thanks are extended TO all who
= have patron2ed its service or who by
+ earnest and hard effort have contributed
= to its results. To these results as embod.
led in this statement, no other origin can
{ be assigned than faithful adherence on
e the part of the pocyholders and intelli-
70 gent and loyal service on the part of the
n company's agents, examiners, managers
4 officers and employees.
: THE OFFICERS.
At the meeting of the directors held
this afternoon the old board of officers
was reelected as follows: President.
Joseph a. DeBcer. vice president, James
. r Phelps second vice president, James
4 Il. Estee; secretary, Osman D. Clark:
treasurer. Harry NJ. Cutler; medical di-
rector, DR.. Arthur B. Bisbee; actuary,
Clarence L. Moulton; counsel, Fred A.
Rowland.