The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1917-02-23

lie TOTAL dSStlS VI tIlS p VI
December 31st, 1910, was $421, 100000,
while on December 81, 1916, they had
increased to $1,5io,012.32.
The Montana Life was organized
for the purpose Of excepting Montana
money in Montana" and that much
has been accomplished in this direc-
ton is shown in the following figures:
Investments in farm mortgage
loans, $1,104,O 4 90; school district,
county and ether bonds and warrants,
$75,000.00; deposited in Montana
banks at interest and otherwise, ap-
proximately, $200,000.00 the remain
ing assets being invested according
to law.
There is now on deposit with the
state departments securities amount
ing to $763, 10000, which equals the
full legal reserve liability on all bust
mess in force in compliance with the
very rigid and protective statutes of
tbs state governing the operations of
domestic life insurance companies.
Perhaps the most remarkable fea-
ture of the annual statement shows
a net surplus of $3.50, 1878 in excess
of all liabilities, which, including the
capital stock, establishes a surplus for
the protection Of. p~olicyholders, in ex-
cess of the legal reserve, of $780,
'768.73
The wonderful success which has
followed the activities Of this finan-
cially strong and progressive i%nstitu-
ton is due largely to the splendid
achievement in its home state and
to the excellent reputation which it
has gained for prompt and efficient
service to its policyholders, conser-
vative management in the investment
of it's funds, clean methods in secur-
ing its business, the employment of
high-grade, capable and reputable in
statesmen and the loyal and
patriotic support of Montana citizens
toward Montana institutions.
During the past year the company
has extended it's operations to include
the territory embraced in the north
.ern part of Wyoming, the western
part of North Dakota and the eastern
part of Washington, and during the
present year will develop the eastern
part of Idaho. General agencies have
been established at Bismarck, N. Da-
kota, Sheridan and Cody, Wyoming;
Idaho Falls, Ida, and Spokane, Wash,
with most satisfactory results up to
the present time.
The Montana Life has become one
of the very large, and substantial
life insurance companies of the West.
1t is one of Montana's big business
assets, and has developed into n of
it's strongest and most powerful tinan-
cial institutions. The company claims
the distinction of having made the
best record from every point of view,
considering age, size and limited ter
ritory, of any company in the history
of the life insurance business. The
magnitude Of its success, the power
and strength of the organization, its
great value as an asset to the state
at large the excellent service which
it is performing for its policyholder.
and for the public in general both il
Montana and elsewhere deserves NOR,
than passing commentator.
The board of directors is compose,
of forty-two members, prominen
business men of Montana, representa-
tive of the strongest financial, mer
camille and professional interests O
the state. The officers and member
of the executive committee are know
for their ability, integrity and hig
credit in the community in which the
reside and throughout the state 6
large, and are as follows:
President, A. c. Johnson, (vit
president American National Ban
Helena, Montana); vice president ar
C~eneral manager, H. R. Cunningham
formerly insurance commissioner
the state of Montana); second vi
president, DR.. Jacob Mills, (vice pre-
ident, Conrad Trust and Savin
Bank, Helena, Montana); third vi
president, Hon. Edward Donlan, M
soula, Montana; general counsel, HI
o. w. Mcconnell; medical direct'
DR.. B. C. Brooke; secretary, ].
Miller; treasurer, C. D. Sloan; act
airy and assistant secretary, C.
Herfurth.