St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-09-04
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| Oo~o0~o~~-o~~~@-~0-0 -~~-0-~~~-N~0~o0ONoo~
| undertakings himself, and while his
| income tax for 1917 was one of the
| largest paid by him, his resources
are ample.
When Mr.. Arnett became interest,"
| ed in the Kansas City Life Insurance
| Company, in 1907, it had less In
surance in force than has been ISIS j.
ed annually by the Arnett Agency for
| the past three years. During this
time the Kansas City Life Insurance
Company has with four exceptions
written a larger new business than
any other life company domic1led
southwest of Philadelphia - n q
there are several hundred good COM
panie5 in the territory. There is o.
| file with the Covington Bank & TruGt
Company a certified copy Of Schedule
G (page 2O) of the annual statement
| of the Kansas City Life Insurance
Company which shows "all salaries,
compensation and emoluments Of
whatever amount received in the
year 1919 by officers and directors,
and when the same amounted t.
more than $4,000 by any person,
firm or corporation" The total Of
this amount paid to forty-five DIFF
ferent individuals is $1,542, 283.60,
of which amount $426,269.05 was
paid TO Eugene Arnett, or much
more than was paid any other in
dividual connected with the com
pany, and yet this institution had as
ISOLATED with it at that time such
national characters as Fred w.
Fleming, of the War Savings Com
mittee; P. W. Goebel, president of
the American Bankers Association,
and R. A. Long, the greatest of all
lumber manufacturers. AS the Gen
eral Agencies of the Kansas City
Life Insurance Company are all con-
tracted with on a standard basis.
this extract from the annual state
| ment on file with the Insurance De-
partnent at Baton Rouge answers
the inquiry as to what constructive
| influence built this great corpora
ton. And there Is another line Of
information procurable from Hon.
R. H. Flower, Insurance Commits
sioner. which Is Of even more I'M
portance. The statement on file a.
the capitol proves that the Arnett
Agency wrote in Louisiana last year
] more than seven millions of new
business. While exact figures are
not yet available this is approximate
ly one-fourth of the total amount
| written by the thirty odd companies
licensed in the State. But Of su-
preme significance is the universal
satisfaction in service to policyhold-
ers. Formerly 1t was of common
occurrence for hundreds Of policy
holders out Of every million dollars
worth Of business placed on the
books of life company to complain
Of dissatisfaction with the agent
with whom they purchased. In
1917, 1918 and 1919 the Arnett
Agency wrote approximately fifty
millions of business in the two states
Of Oklahoma and Louisiana. ID
Quiry Of the Insurance Commissioned
Of either state will reveal the great
est miracle IN the life insurance
businessmen single dissatisfied
Dolicyholder-not even one. THIS
% Eugene Arnett, means more than
me TACT tnat by l9l ne was wiring
re largest new business ever writ.
.cn by any life insurance agency
.nyWnere at any time. Since then
the limitations placed on the bust
aess materially reduced the volume
md brought about the organ ;Zalion
Of the United States Rural Loan Sv
SAVINGS Association and eventually
became contributing factor in caIs
ing Eugene Arnett to make invest
ment3 In this parish.
AS the Arnett Agency produced
during the first half of 1919
pract cally all the business the in
surance company was willing to Ao-
cept, Mr.. Arnett organized the Unit
ed States Rural Loan & Savings As