The Barre daily times. (Barre, Vt.) 1897-1959, 1917-01-16
Succeeds the Late Clarke C.
Fits with National Life
Insurance Company
SPLENDID YEAR
WAS REPORTED
Pres. Rowland Says All Rec.
ords of the Company
We're Eclipsed

At the annual meeting of the Nstiona
Life Insurance company at the home of
flee in Montpelier to-day, Jacob Ora,
Estey of Brattleboro was elected direc
tor to succeed the late Clarke C. Fits o
Brattleboro, and the reports OF the Off
GERS showed remarkable growth in tn,
financial standing of the corporation. II
was tie 9th annual meeting.
| The following were elected directors
for four years William w. Stickney OF
Ludlow, Charles p Smith of Burlington
and Osman d. Clark of Montpelier, to
succeed themselves; Jacob Gray Estey OF
Brattleboro, for two years, to fill out the
unexpired term.
The complete board of directors is as
follows; Senator w. p. Dillingham; and
Harry NJ. Cutler of Montpelier, W. w.
Stickney of Ludlow, George H. Olmsted
of Cleveland, Charles p. Smith of Bur
lington, Fred A. Howland of Montpelier,
Charles w. Gammons of Boston, 0sman
d. Clark Of Montpelier, Frank C. Par
fridge of Proctor and A. b. Bisbee of
Montpelier.
At the meeting OF the directors later
Fred A. Howland was reelected presi-
dent, Harry NJ. Cutler vice president. O..
d. Clark secretary and Dr. A. b. Bsbee
medical director.
Other officers were chosen in the fol-
lowing manner: Clarence r.. Moulton. ac-
tuary; f. ID. Field, superintendent Of
agencies; Frank NJ. Bryan, superintend-
ent of loansi George B. Young, counsel;
William w. Russell, treasurer; f. A. Col
ton, assistant medical director; George
Briggs, inspector OF mortgage loans; r.
A. Dwinell, Inspector of mortgage loans.
The only change in the above list is the
promotion of Mr. Russell from assistant
treasurer to treasurer.
On motion of f. C. Partridge resolu-
tions on the death OF Clarke c. Fits were
adopted. Mr., Estey, who is Mr.. Fits
successor. was born in Brattleboro on
Aug. 2, 1871, the son of Julius j. and
Florence Gray Estey He received his
in the Brattleboro schools, Yer
mont academy at Saxtons River and
Institute OF Technology
in Boston In 1892 he married Martha
RI. Poor Of Peabody, Mass. Mr.. Estey il
president of the Estey Organ company,
vice president of the Estey Piano COM
pany and president of the Peoples Ma
tional Bank of Brattleboro. He was ma
jor of the lst Vermont infantry during |
the Spanish American war and in 1899 |
was elected colonel of the regiment, re
firing in 1910.
In addressing the company, President |
Rowland told of year of sound progress /
n all material respects, the most notable /
advance being in new insurance paid for,
he amount being S27,052,l73. There was
.lso the largest volume of paid for busi.
less ever written by the company in any 4
5ear and an increase of $3,739322 over
he amount paid for in 1915. The in
rease in the insurance in force on paid
or basis amounted to Sll ,050,279, bring
ng the total outstanding amount up to
'2l2,037,4O0. The premiums for insur-
nee were S7lO0,33s.5l, an increase of
36l ,4l339. The mortality for the year
vas $500 per cent of the expected. "a
lightly more favorable experience than
hat of 1915" The interest loaned on
he mean ledger assets was 500 per cent.
n 1916 the company surpassed all prior
ecords in the volume of insurance writ
en- and paid for, in the increase in in /
uraBce in force, in thea mount of divi q
uranee in force. in the amount of divi- a
ends set aside for payment in the sue I
aediuO year