Arizona republican., 1908-01-21
!Hf REORGANIZATION
 OF ThE OCCIDENTAL
The Southwestern Underwriting Com pany Takes Over its Business in the Two Territories.

The Southwest Underwriting comp any has been organized to take over the business of the Occidental Life in- surance company for the territories of Arizona and New Mexico. That com pany had very successful existence. but the new arrangement provides for a more extensive scope. The new com pany has been officered and financed by the leading business men of both territories and is therefore in an ex- ceptionally strong position. Among the local stockholders and directors are E. J. Bennitt. Shirley Christy, E. A. Packard. pr. Bell, Eugene Brady O'Neill. George Gam. Wilson c. Keim, C. W. Goodman, J. T. Le Seuer of Mesa and Frank R. Stewart and H. William Stevens of Prescott. MT. Stewart is vice president and in charge of agen- cies in the two territories and MT Keim is secretary. The president is yet to be chosen but he will be a Phoenix man.
 The business of the company like that of the Occidental will be to write old line insurance on a reserve basis and it will also as the Occidental did keep the money received from policy holders in the two territories. The Occidental now has loaned in New Mexico and Arizona more than S55.000
 A fair idea of the aims of the com pany may be gathered from the follow ing statement by the Albuquerque Journal of the Occidental:
 "The first annual report or state ment, of the Occidental Life Insur- ance company in New Mexico and Ari Zona- with headquarters in this city, which appears in this issue of the Morning Journal, makes a showing for that company during its first year of business which is nothing short of astonishing in the success which it proves. To the business man the statement speaks for itself and a read ing of it is well worth while, for it shows that this company, with its field limited to the two territories and op- erating on the most conservative basis has made itself. in a single year. one of the foremost institutions of it's kind in the west. The report speaks vol umes for the character Of the Occi- dental management. for il shows an achievement almost without parallel in the annals of life insurance.
 "The annual statement was present. ed and approved at the second annual meeting of the stockholders of the Occidental company which was held in its offices in the Occidental build ing at 10 o'clock Wednesday morn ing. January 18th. At this meeting the following officers were elected to preside and have charge of the cam panys affairs daring the coming year:
 President-JOshua s. Reynolds. Vice President-W. NJ. Tourney.
 Vice President-Solomon Luna.
 Vice President-Rufus J. 'Palen.
 Treasurer-Frank Mckee
 Medical Director-Ijr. James H. Wroth.
 Attorney-A. B. McMillen
 Secretary and General Manager-J. H. OReilly.
 Cashier-J. T. Daley
 Actuary-C. F. Burkhart
 Hon William J. Mills. chief jus tice of the supreme court of New Mexico. was elected a director of the company.
 One of the few changes made in the official staff of the company was the election of MT. w. NJ. Tourney of the First National bank to the position of vice president. Mir Flourneys busi- ness ability and marked success are so well known that there is no need of comment. His record stands for conservatism and sound judgment and all the other things that go to make for safety and success in a business of the magnitude of the Occidental Life.