The Sunday telegram. [volume] (Clarksburg, W. Va.) 1914-1927, 1915-06-20
EQl1itub1e's Purchaser
Is It's StQL11ch Friend

TO Judge Days Statement Oh
subject. He also confirms the sus
gestion that it is his idea to CO..
operate with the officers Of the so
Getty in a plan for its complete mu-
tuaIization, the policyholders zAxAAfzp-
nominating majority OF the ooaro
of directors.
The Equitable Life Assurance So
ciety was organized in 1859. and VIII
have been in business for hfty-sN
years on the. 26th OF next July
The great fire OF January. g., 1917
drove it from its Offices in the old
Equitable Building, and on the same
Sday it opened temporary Offices N
the City Investing Building, at 100
Broadway
IN April 2eth of the present year,
1t reopened its Offices at the o1c
stand IN the new Equitable Building:
and in celebration Of its home COM
ing the agents OF the company sent
in so large volume of new insurss
ance that all previous records We're
broken.
The Equitable has had five presi-
dents The fifth. William A. Day.
after serving as vice president for
several years. was elected tn ech1eh
executive Of the company in 1911
| The progress Of the Equitable dur
| ing this period OF ten years rs illus
.
reports to the Insurance department.
1 Of the state The increase in assets
has been nearly S123.0O0,000, the
rate of interest on investments mas
been increased from 4.O3 per cent TO
1855 per cent. The total sum PAD
to policyho1ders In 1905 was 500
j1101 900. In 1914 it was $500
1 600 The mortality rate for the year
1874 was seven and a halt per cS z1.
lover than the average for the last
fifteen years.
:During President Days manage
,nent the Equitable mas been thor
oughly- reorganized' its business sys-
5sematized; its agency force strength
ened and Increased, and its expenses
reduced
tits stated by the executive that the
society has never been in aStronger
or better condition than at the pre-
sent time Its business mas steadily
increased. and the company reports
that the new Insurance written dur
Ing the current year to date IS
S5,0oo,000 in excess Of that written
during the same period in 1914
General Dupont wos born IN
Louisville. KY. and was graduated
from the MASSACHUSETTS 1nsttte OF
Technology. in the class of $50 He
is a member of the we1-known Du-
PonI family OF delaware. which
started the manufacture Of powder
in this country in 1900. Unlike the
other youn ger members Of the family
General DUPONT did not 20 into the
/ powder business. directly Ster grad
EuatinS. His early business expert
gence was IN the operation OF coal
mines owned by his father In Ken
tucky. and later IN the development
!, OF traction companies and In. the
Management Of the Lorain Steel
Company. becoming the controlling
factor IN the; organizatfon. By new
methods Of manufacturing the mar
keting. pTincipa1lyin the
development OF powder and dyna-
mite for mining. agricultural ana
comm ercfal purposes, he greatly IN
creased the earning power OF the
tDuPont company. He directly solo
his entire interest In the IuPont
Powder Company TO his cousins ana
some of the Junior Officers OF the
company, retiring at the same time
i from the presideacy. Ee has thus
completed his great business sue
cesses in comparatively early man
hood. =.
;. about three years ago General Luz
pinot bought the site of. the EQut-
table buiIdiag. and formeda corpoEa-
ton known as the Equitable once
tBuiIding Corporation. which has
erected upon this site Z the largest
land most complete office building IN
isthesworId. with General Dupont:s
TetirementEfrom the agementSof