Arizona republican., 1911-01-25
AN ALL TERRITORIAL
 BUSINESS CONCERN
Fine Showing Made at Annual Meeting
 of Southwestern Underwriters.

The annual meeting of the South western Underwriters company, the general agents of the Occidental Life Insurance company. was held in this city Tuesday for the election of off cers and directors. For the most part all were reelected. the directorate now
 being as follows:
 J. T. Lesueur, president; Frank R.
 Stewart, vice president and general
 manager: Eugene Brady O'Neill. vice president: w. c. Keim. vice president:
 J. T. Roberson. assistant general man.
 ager; B. A. Packard, vice president; Lloyd B. Christy, treasurer; s. H.
 Stewart, secretary; c. Chipperfield, as- sistant secretary.
 Directors-J. T Leseuer. Leseuer-
 Gibbons Mercantile company. Mesa,
 Ariz.; Eugene Brady O'Neil attorney at law, Phoenix, AriZ.; B. A. Packard. president First national bank. Douglas.
 Ariz.: Lloyd B. Christy, cashier Valley
 bank. Phoenix. Ariz.; George Scott stOckman, Show Low, Ariz: C. w
 Goodman. superintendent U. s. Indian school, Phoenix, Ariz.; F. NJ Doan, as
 sociate justice supreme court, Tomb stone. Ariz.; R. J. Schweppe, vice presi- dent Farmers & Merchants bank.
 Tempe. Ariz.; w. C. Keim. insurance. Albuquerque. N. NJ; J. N. Porter. presi- dent First National bank. Globe, Ariz.:
 R. Brena. president Brena Commercial company, Tucson. Ariz.: C. l.. Cum mings. president First National bank. Tombstone, AriZ.; F.. J Bennitt, presi- dent Valley bank, Phoenix, Ariz.: F. G.
 Village. rancher, Buckeye, Ariz.; C. G. Jones. president First National bank,
 Tempe, Ariz.; pr. J. A. Ketcherside.
 physician. Phoenix. Ariz.; E. M. Will Hams. president First National bank. Clifton. Ariz.; Gustav Becker. Becker
 Mercantile company, Springerville. Ariz.
 As will be seen by the directorate the company is not one of purely local ram ifications but embraces among it's managers leading men in all parts of Arizona and New Mexico. which is the exclusive bAsiness field of the Occi- dental Insurance company also. Both institutions are home enterprises. They are organized among home people. seek the business of friends and neighbors only. not going beyond territorial lines. and, best of all, keep the sum total of their capital and resources for invest ment in the home country. Of all the life insurance companies doing busi ness in this territory. the Occidental is the only one keeping its accumula- tions for investment or for distribution in payment of losses. among the people from whom the premiums are collect ed. other companies may invest some portion of their premiums. but the Oc- cidental on principle keeps all it's money at home.
 The company has loaned s240.000 of its money in Arizona and New Mexico. s165. 900 of its within the last ten months. and the larger part of it on realty security in this valley, than which there is no safer investment any where. The Southwestern Underwrit- CTS company was organized three years ago Its last years business. ending with 1910. has been a decidedly flat tering one. having written S1.776.0OO worth of new insurance.
 Frank R. Stewart. the manager of the company. in yesterdays meeting made a full and complete report of the years business and of the conditions of both the company end the insurance company. Following his report the auditing committee, which is composed of Lloyd B. Christy. cashier of the Val ley bank: c. W. Goodman. superintend ent of the Phoenix Indian school. made a report of the company's books. profits. etc. showing that the earnings of the company during the past year were s27.703.03. and that semiannual dividend of 10 per cent had been or dered paid the stockholders on the par value of their stock. making a total of so per cent the company has paid its stockholders on par value since its or ganization in January. 1908.
 That the committees report was highly complimentary to the manage ment of MT. Stewart is not to be won dered at, nor yet that he was re-elect- ed to continue in the same responsible position as director of its affairs.