The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-02-16
LIES
FINE SHOWING
Insurance In Force Increas-
ed % Per Cent During
1907.
Income From Premiums In
creased 40 Per Cent and
Reserves 60 Per CT.
Tampa, Fla, Times, Feb. 1.

Tampa, Fla, Times, Feb. l.
One of the most prosperous insti-
tutions in the state today is the
American Life insurance Co. of Tam
pa, the firsL lie insurance company
! organizeu in Florida.
The annual meeting of the company
was held in the .Doard of Trade rooms
on Wednesday evening, with a large
number of stockholders present and
over 100000 of the capital stock rep
resented.
! Addresses were made by President
W. b. Henderson, Medical Director
w. P. Adamson and others The re
marks of .hr. henderson were Wen
chosen and gave conclusive evidence
of his entire satisfaction with the re-
| suits of the past year, and MS nTm
! belief in the future of the company.
| DR.. Adamson congratulated the com
pany upon its remarkable showing as
regaras the mortality gains me
death rate being so low as to result
| in a saving during the year OF over
| So, 900 on this item, which is due, he
said, largely to the careful work OF
the agents employed, and to the high
standard insisted upon by the medi-
cal examiners throughout the state.
!. The report of Actuary Walter G.
| Wright. which was full and complete,
showed the company to be IN excel
lent financial condition, was warmly
received and caIied forth praise from
all present In the report Mr.. WRIGHT
heartily endorsed the conservative
policy pursued by the officers of the
company in insisting upon absolute
security for the protection of policy
IaI rot q Vn1Hn1n
} of business.
In this connection he showed very
clearly that any attempt to force the
growth of new company in volume
of business could only result in an
entirely unnecessary increase in the
expense. He was glad, he said. that
tSe American Life had discouraged
striving for large volume of bust
ness regardless of cost, but had pur-
sued JneSt and sane methods. He
called particular attention to the fol-
lowing salient points: The total i'm
come O. the company for the year
was nearly $4,000. an increase of |
over 40 per cent The reserve for the |
protection of policy holders increased /
from s38. ssh to s64,21T, a gain of over |
go per cent. The surplus to policy
holders increased from $22.s2S to !
$40,035, Or over Sc per cent The in
surance in force increased from ST.
F219; 500 to 81 $50, 5s7. or % per cent
There was universal opinion that
the company was a well grounded IN
stitution, sound and permanent, and
in a short time would be returning
satisfactory dividends to both the in
suTed and investors.
Mr.. Wright said that when the com !
pany desires to enter other states it !,
will be able to meet the requirements /
of the most stringent and exacting !
laws and regulations, a condition of |
which all may well be proud.
The following directors were elect !
ed for a term of three years: T. A. /,
Jennings of Pensacola, Duncan u. /,
Fletcher, of Jacksonville. G. w. |
Reynolds of Key West, John Trice. |
John Tavarese. T. N Henderson, r. |
C. BurDham. Emilio Pons, w. A Cal
laher, w. F. Stovall. Gordon Keller, |
F. NJ. Simonton, A. Mas, w. A. Warm |
adoe. of Tampa.
Officers were elected as follows: |
w. 3. anderson, president; II. L. /
Knight, first yice-president; c. A. |!
Carson, Kissimmee, second vice-presi- |
dent; Horace C. Gordon, secretary; |
Frank Bentley. treasurer; Walter G. |
Wright, actuary; w. P Adamson, |
medical director; F. NJ Simmonton, !
legal counsel; F. G. Burnham, general !
manager.
lie following were elected as |
members of the executive committee: |
w. b. Henderson, Frank Bentley, G. |
c. Warren, III. L. knight, F. M. Sim
onton, Gordon Keller. Horace C. Cor |
don, NJ. w. Carruth, w. a GaIlaher.
The company is drawing support |
from all parts of the state Tampa |
is and will continue to be the head |
quarters of the institution, which is !
destined to take its place among the !
leading life insurance companies of |
the south.
Represented in Pensacola by Mr.. J. |
Stewart Fleming 303l5 Blount bldg,
WORN OUT.