Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1916-01-20

Montpelier, Jan. lS-Frcd A. Rowland,
who has been vice-president of the
company. was to-day elected president
Of the National Life Insurance company
to succeed the late Joseph A. De Boer.
The other officers are Vice president
and treasurer. Harry NJ. Cutler secre-
tary, Osman d. Clark; medical director,
Arthur b. Bisbee. NJ. D.; actuary. Clar-
ence II. Moulton superintendent OF
agencies. Edward d. Field; assistant
medical director, Edwin A. Cotton
". D.: superintendent Of loans, Frank
NJ. Bryan; inspectors of farm loans
George Briggs, Frank A. Dwinel and
Frank X. Goss.
Messrs. George Briggs, Charles w
Gammons and Fred A. Rowland were
reelected directors for a term of -four
years Two new directors were elected
Clarke c. Fits OF Brattleboro for q
term of three years to fill out the unex.
pired term of J. G. Mccullough, de
ceased. and Arthur p. Bsbee NJ. u.
of Montpelier, for a term of two year.
to fill out the unexpired term Of JOSEPH
A. De Boer. deceased.
Immediately following the meeting o.
the corporation. the board OF director!
met, with the following members pres
| en,: George Briggs. William p Dill
bingham. Harry NJ. Cutler William w
Stickney, George II. Olnstead. Charlie!
z. Smith, Fred A. Rowland, Charles
w. Gammons. Osman -. Clark, Franl
G. Partridge. Henry Russell Plat AN,
! Arthur 3. Bisbee. The board elected
the officers above named.
TRIBUTE TO MR.. DE BOER.
/ The following tribute to the late
President De Boer was incorporated IL
the report Of the directors and officer.
to the policyholders of the company.
joseph Arend De Bocr. president OF TIL
company since 1902 and an official %
the company for over twenty-siX years
died at Montpelier on December 25. II
the thirteen years of his term as presi
dent the company has increased it's IS
sets from so2,3S4.263.37 to sG3.S1S,104 ?S
the insurance in force from sl0S,513,
050 to s200,9SI121. the annual pay
ments to annuitants from 1874,
1895 to s56S,762.16, the genera
surplus from s7S6,21S,15 to s3,S22.
G52.o7, and the annual dividend pay
ments to polichyholders from S137,996
been made amounting to S1o9,o5s. 500.
"A without loss through default o
principal or interest; the rate of inter
est earned on mean invested funds ha
advanced from 4o7 per cent, to 81
per cent: IS per cent. of the Insurance
in force has been brought TO the basis
Of 3 per cent. interest assumption
the writing of non participating an'
li,in hoe hoe c
continued; the policy forms have beei
libcralizcd and additional benefits eX
tended to old policyholders; and tn
agency force has been MATERIAL.
strengthened.
These evidences of progress. suostantIa
az hey are, fall far shot of representa-
the actual development of the compan
in rnc period during which Ptesidei
DeRoer's remarkable genius was exercise
unrcmittngly and with a devotion tina
knew no limitations in the upbuilding &
a strictly poliCyholders' company on SCUM
and scientific lines. There is no branc
Of tie business that does not show tn
constructive effect of his energizing ii
flucrcc. and. while We profoundly dcplol
the withdrawal of that influence, whic
in IT'S potency for good to the conlpan
cannot be measured, Vet it comes at til
moment of the Companys creates
strength, with its policy of invcstmei
and underwriting firmly established q
foundations that have been proved to /
sound and secure. The directors Of III
company and the official associates ,
President DeBOer were in the fulles
sympathy and accord with his insuranc
and investment policies, and those poiri'
will he consistently pursued in the futur
management Of the company's affairs.
POILCYHOLDERS' RESOLUTIONS.
The following resolutions on the deaf
of President De Boer were passed at III
annual meeting Of the policyholders
the company: