Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1910-05-24
ANNUAL MEETING.
Great Northern Life Insurance
Company Has Passed
$4,000 Mark.
ELECTION OF DIRECTORS
AND OFFICERS.
A Fe5~ Extracts From the President
Annual Report.

A Fes~ Extracts From the Presidents
Annual Report.
The first annual meeGng of the
/ stockholders and boar2 OF directors of
the Great Northern Life Insurance
company was held at the offices of the
company nm Saturday, May 2lst.
The company GaS passed the million
dollar mark in assurance, and it was
especially gratifying to the suockhold-
ers and directors that the organiZa-
| ton was completed and the business
secured along conservative and eco
nomical lines.
President Browns report is we'll
worth reading; lack of space prevents
giving more than few extracts:
The capital OF the company was subscribed
Tor and paid in at 100 without the expenditure
Of single dollar for commissions or promo
ton expenses. There have been no stock
selling schemes nor securitie scompany' nor
agency company alliances to benefit the pro-
ing bonds to deceive the pufch aSer. We have
steered clear OF all questionable methods In
organization and the conduct of the company"
In formulating our policy contracts our
purpose has been TO present only the simple,
clear forms of life insurance. free from all
speculative features or any ATTEMPT to mis-
s1mething for nothing"
I'VE have recognized as a fundamental prin-
eiple for success, that the best assets OF life
Insurance company are its satisfied policy
holders, and every effort has been made in
policy forms and in the appointment and in
struction of agents to prevent misconstruction
and Misrepresentation. and it has been espec-
tally gratifying that there has been no COM
plant of any misunderstanding OF policy pro-
visions or that the benefits to be derived or
conditions imposed were misrepresented. 1t
may take little longer and progress towards
bigness' may be a little slower. but the foun-
dations for future usefulness and greatness
will be built more firmly by adherence to our
motto: AN HONEST CONTRACT SOLD BY Hon
EST MEN BY HONEST METHODS"
AS yet we have had no claim or death loss,
and while this may be an element of good for
tune, we must not overlook the fact that in
the great measure this favorable showing is
due TO the palnStak1ng care OF our medical
director in appointing examiners and passing
Isupon the applications submitted to him.
"A new company must almost entirely rely
upon securing men inexperienced in the bus
mess OF life insurance and instruct and train
them to the business. This means many trials
experiments and elimination, and requires
time, much energy and labor until gradually
working force is firmly established"
AT the head of such al agency fo2ce-for its
creation and supervision-me of exceptional
ability are required; they must not only have
a thorough knowledge OF life insurance of the
methods and practices Of companies, with the
ability, not only to find and locate agen.s, but
to enthuse and instruct them competent and
willing to 90 out and do the things demanded
|
of the agent in the field
This for us is the chief problem. We have
made a good beginning and with the gradual
growth of our agency force and capable and
energetic supervision, greater results may be
expected in the future"
1t is more difficult, of course, to travel the
straight and narrow path of honesty and fair
dealing. but there comes an added confidence
with every step taken In the right direction.
and though there may at times come tempta-
ton to deviate little in the longing for great
er immediate results and volume, we must
hold to our determination to build the GREAT
NORTHERN LIFE only along correct lines"
I'VE have now passed the hard places Incl
dent 10 organization and getting started, and
with the arrangements now being made to in
crease the effectiveness of the Agency Depart
ment there should be large increase in the
volume OF business written.
Nine directors were elected by the
stockholders as follows:
Hon. Alexander Stewart, Wausau.
A. H. STANCE Merrill.
l.. Nj. Alexander, Milwaukee.
Hon. William A. Fricke, Wausau
Hon. Webb Il. Brown, Rhinelander.
w. II. Bissell. Wausau.
Hon. s. A. Cook Neenah.
s. NJ. Quaw, Wausau.
Geo. A. Whiting, Menasha.
After the meeting of the stock
holders the board of directors con-
vened and elected the following Of
fcers:
President-Hon Neal Brown.
MISREPRESENTATION. G. G. Yawkey.
" Hon. w. II. Mylrea
Hon. William A. Fricke.
Ralph X. Hubbard.
w A. Brown.
secretary-B f. Wilson,
Treasurer-C. S. Gilbert.
Asst TreaSurer-H. g. Fleth.
Medical Director-H. L. Rosenberg, M. D.
General Counsel-Neal Brown.
superintendent of Agencies-F. K. Kohler.
General Manager William A. Fricks.
Executive Committee:
Walter Alexander.
Chas. j. Winton
@. G. Yawkey
h. Heinemann.
Neal Brown.
G.. d. Jones.
Charles s. Gilbert.
K. Wilson.
W. II. Mylrea
Mr. Ralph K Hubbard appointed vice.
president comes to the company from New
York where he for years was connected with
the Provident Savings Life serving comp
troller Of that company. Mr.. Hubbard is one
OF the most competent and popular insurance
Official in the country
Mr.. Frank K Kohler appointed as superin-
tendent of agencies also comes from New
York and is man OF large experience in agency
work. He started in the business of life in
surance as an office boy In the New York Of
fees Of the Northwestern Mutual was for
years the general agent in New York for one
of the larger companies and during the last
year created and supervised the agency de-
partment of one Of the new Pennsylvania
companies.
Mr.. W. A. Brown has been promoted to
vice-preSidency and placed in immediate
charge OF Marinette, Oconto. Florence, Forest,
Brown. kewaunee and Door cou mites and
when the company is admitted TO Michigan
will have supervision of northern Michigan