The Coconino sun., 1919-10-03
HOME INSURANCE COMPANY
 FORMED BY ARIZONA MEN

For the express purpose of keep ing Arizona dollars at home instead
 of being sent to other states for in- vestment, home life insurance com Lpany was organized in Phoenix last
 week under the name of the Phoenix
 National Life Insurance Go. The or
 ganization was perfected at meeting of the stockholders held in the north
 parlor of the Adams Hotel. Officers were elected as follows: J.
 H. O'Reilly, president; John F. Bar
 ker, formerly of Tucson, vice presi- dent; Geo. Purdy Bullard, general
 counsel; Dr. Win Wylie, medical di-
 rector; Dr. E. w. Baum, assistant medical director. The board of directors was chosen as follows: J. H. O'Reilly, John F. Barker, George Purdy Bullard, Dr.. Win Wylie, Dr. R. F. Palmer of Mesa, Chas. E. Burton of Ashfork, T. M. Quebedeaux of Winslow and Bracy Curtis of Nogales.
 The need of strong company of this kind has been felt for some time past, and the true import of this state ment can be seen from the fact that last year S1,600,000 was sent out of the state in the form of life insurance premiums, aU this amount, it is stated on good authority, is increasing yearly at the rate of $200,000.
 The insurance department of the new company will be under the man. agement of two of the best known in- surance men of the Southwest, John o'Reilly and Shirley Christy. O'Reilly organized and successfully managed the Occidental life insurance company of Albuquerque, N. M., and has been covering this territory for the last 20 years.
 Christy for a number of years was district manager for the state of Ari- zona of the Mutual life insurance company of New York.
 In announcing the general policy of the Phoenix National, O'Reilly told the stockholders that all the returns from stock sales and from premiums would be invested in Arizona farm loans and other gilt edge investments within this state.
 eve are capitalized at $200,000 and with a surplus of S100,000, and in organizing it is needless to say that we are fully complying with the state insurance laws, and in accordance with the rules and regulations of the Ari. zona corporation commission.
 When one stops to consider that there are 215 life insurance companies in the United States, and that the single state of Illinois has total of 19 recognized companies in operation there, and that up to this time there has not been single, home organiza- tion in Arizona, it stands to reason that our company is going to do b1si- ness.
 And when again, we stop to con slider that nearly million and three fourths dollars left this state last year in the form of premium money, we have another powerful argument in favor of a rightly conducted home organization, and this we claim the Phoenix National to be.
 "An organization of this character is on par with any home manufac- turing establishment. True it is that we have nothing to manufacture ex- cept Al life insurance policies of all forms, but even so we are manufacs turing a desirable article, and every dollar that goes into the manufacture is kept right here in Arizona to help the farmers and to build up an or ganization which is bound to become a powerful factor in the upbuilding of the state."
 The company will handle straight life, endowment and all forms of pOli- cies handled by all the leading insur- ance companies of America, and the rates will be no higher than those charged by the older concerns.
 Spacious office quarters have been secured on the ground floor, of the Pascoe building on the northwest corner of Central avenue and Van Buren street. From this office the company expects to conduct a, state wide business which will be gradually extended to cover the entire South A l-