The Bridgeport times and evening farmer., 1920-02-11
ASSETS 0F AETNA LIFE COMPANY CAIN $I3,Ooo,oOO Total of $163, 900, GOO for TO- Years-Old Hartford In
 surance Company 1919 WAS YEAR
 OF GREAT GROWTH President Bulkeley Has Had Only Two Predecessors
 Affiliated Companies

The Aetna Life Insurance com | pany, whose 1919 statement is pub | Hshed elsewhere, increased it's assets $13,309, ,612.07, making the total as sets $163, ,097, ,712.46, the accumula- ton of the three score and ten years of life of the company which had its start in 1850, when Hon. Elipha1et A. Bulkeley, one of the seventeen direc- tors of the life department with sep pany, established the Annuity Fund.- in a movement to promote the de- veIopment of the life insurance busi- ness under the popular name of Aetna"
 On June 6, 1850, the charter of the Aetna Insurance company was amended and a committee composed of Hon. Eliphalet A. Bulkeley, E. G. Ripley and Miles A. Futile, was ap- pointed to formulate plans for the new department Within a week af- ter their appointment the committee reported as follows:
 That capital, stock to be denoni- hated the Annuity Fund.- should be raised to the extent of 0,000-5 per cent in cash and approved notes for the balance-and to establish T life department, to be entrusted to seven members of the board, namely, Robert Buell., Miles A. Futile, John L. Boswell, EsEphaIet A. Bulkeley, Roland Mather, B. G. Ripley and Henry 2. Pratt, who shall be called managing directors; also a vice president of the Aetna company to be chairman of the managing directors and preside at their meetings; the annuity fund to be at all times kept separate from other funds of the company
 By common consent MT. Bu1keley was chosen for the dual position of vice-president of the Aetna Company and chairman of the managing dfrec- tors of the 1ifed apartment with sep arate quarters on the second floor of the Aetna building at No. 58 State street, Hartford.
 Realization soon came, however that the business of fire underwriting and life insurance differed widely at almost every point and in 1853 the df- rectors obtained from the Legislature another amendment to the charter. separating the life department from the parent company, constituting the stockholders of the annuity fund as separate corporation, under the name of the Aetna Life Insurance Company, with ENpha1et A. Bulkeley as presi- dent
 MT. Bu1ke1ey continued to serve as ! director of the older company and president of the Aetna Life until his ! sudden death in February, 1872. His son, Hon. Morgan d. BuIkeley, be- came chief executive of the Aetna Life Insurance company in 1879, suc- l ceeding Thomas O. Enders and has served ever since, these men being 1 the only presidents of the Aetna. Life | Insurance company.
 l President Bulkeley, who, in addi- l ton to conducting the growth of the i Aetna Life Insurance Company, has served as governor of Connecticut 1 four years, United States Senator, has ! been 8 leader in municipal and na- 1 tiona1 activities and during the recent war, organized a new department in l his company known as the Aetna Life Partial Payment Plan." which 1 through the easy terms offered, serv- ! ed 5,488 individual subscribers in aiding them to buy Liberty honda l their total subscriptions amounting to $16, 219, 300 in all five loans. In addi- ton to this, the Aetna Life and affil- lated companies bought Liberty Loan bonds to the amount of $25,315,95o.
 This department is still to be seen ! in its location on the third floor ot the D'Esopo building, where special rooms are OCCuptSop "1tu d COEpS Sl clerks still handling the details of the vast subscription response. Tn the same building are housed depart ments of the Aetna Casualty and
 Surety company and the Automobile Insurance company, the two Aetna i subsidiaries, which also were organ
 ized and developed by President
 BuIkeley.
 Beginning business in 1850 on 2
 capital of s15o.00o, known as the
 Aetna (Fire) Insurance Compan,
 Annuity Fund.- the Aetna Life In
 suranee company and its subsequent
 ly formed subsidiary companies hay,
 progressed until assets have beer
 built up, showing for 1920 the figur,
 of S188, ,056.63. This represent
 the total assets of the three affiliated
 Aetna companies, the Aetna Life In
 surance company, Aetna Casua1t, ar1 Surety Company and the Auto
 pile Insurance company. Al
 ugh these three organizations ar
 merged together in the offering o
 Aetna service, each one is a distinc
 and separate company and the indi
 vidua1 progress of each of these com
 panies presents a Statement of un
 ur--~7 interest in itself.
 The Aetna Life Insurance Com