The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1910-01-20
S5,0OO,OOO INCREASE

sion Yesterday and Organization
For 1910 Perfected Reports From
Various Departments Encouraging
Gain OF 20 Percent in Last De.
cade.
At the annual meeting of the policy
holders of the National Life Insur-
ance Company, held at the home Of
! fees in this city yesterday morning
the following directors were present
George Briggs, William P. Dilling-
ham, Joseph A. DeBoer, Harry M
Cutler, James b. Estee, William w.
Stickney, James L. Martin, George
II. Olmstead of Cleveland, O., Charles
p. Smith, Fred A. Howland, Charles
! W. Gammons of Boston, Mass.
The board organized by erecting
the following officers:
President, Joseph A. DeBoer vice
president, Fred A. Howland; second
vece~president, James b. Estee; secl
retary. Osman ID. Clark; treasurer,
Harry M. Cutler; medical director.
Dr.. Arthur b. Bisbee; assistant med
ical director, Dr. L. A. Cotton; in
spectors, George Briggs. Frank A.
Dwinell Frank M. Bryan.
All members OF the board of dir
ectors were present yesterday except
Fletcher ID. Proctor, who has gone
to San Francisco on business in con-
nection with the Vermont Marble
Company's branch there, and John
G. Mccullough, who is detained in
New York by the death of two of his
friends, D. o. Mills and Spencer
Trask, both of whom died recently
Senator Dillingham; returned to
Washington late yesterday afternoon
Previous 10 the meeting mentioned
above the policyholders met and ell
ected the following directors whose
terms had expired, who will serve
for four years: Joseph A. DeBoer,
F, d. Proctor and H. M. Cutler. These
directors were elected to succeed
themselves. The policy holders
heard the reports of the president
and officers of the company, all or
which were approved and accepted.
At the meeting of the directors the
reports of the various officers, giving
detailed and analytical review OF
the business experiences of all de-
partments, were read and accepted,
all of them being of voluminous pro-
portions, and will make a lerge-sized
book when put in printed form.
The total income of the company
for the year 1909 was $S,41S,275.40.
the disbursements for the same per-
iod amounting to $5,11S.122,92, the
income saved amounting to $780,
ise,;s The companys gross assets
are $47, 400, ,99S.9S, the increase in the
s.- assets being nearly $3,500,000
W he the increase in insurance
amounted to $5,O40,034.46 A few cent.
-. ,S77,779 was distributed among
policy holders during the year 1909.
Of tae last named sum $1S5,365.4C
was given to the Vermont policy hoi.
ders, of which there are more than
5000. Verne cnters took out more
than 532 policies during the year 1909
representing an Insurance of $685.
:, .96, the total number of policies
issued during the year in the States
II which the company does business
being 1921.
During the year 1909 the company
paid to beneficiaries the sum OF ST.
577,115.49 in settlement OF death
claims, which is $475, ,9S2.S9 less thar
che receipts TOR interest and rents, g
esult that is considered very sati1
factory
In the medical directors report Of
ne cause of death, it is interesting
note that the average duration O
4 policy runs from eight to something
over Is years, the result being OBJ
tanned by taking an average OF the
iarious causes of death under whic.
head the general disease is listed.
In just a decade the company has
gained 20 percent in insurance, and
167 percent in assets, which Is con-
sidered a very remarkable showing
throughout the insurance world.