The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-26
Building Com. Reports on
Stewardship and Presents
It to Policyholders
AT MEETING OF
NATIONAL AGENTS
Company Given Two Flags
BY AgentsE. S. Kings
ley New Asso. President

| The dedication Of the new Nationa
Life Insurance company's building a
Montpelier took place Friday morning
when Harry NJ. Cutler, vice president
Of the company, presented the same e
the policyholders upon behalf Of thu
building committee, giving report o.
the stewardship Of the building com
mttee and accounting for the task Of
construction Of the building. Ii oc
CURED at the first Of series Of ad
dresses that took place during the day
in connection with the general agents
meeting of the company at which Earle
s. kinsley of Rutland was elected pres
ident of the association last evening
and at which J. Howard Edwards Of
Boston, the retiring president, present
ed the company with two flags, Old
Glory and the Vermont state flag.
In hib opening remarks, Mr.. Cutler
referred TO this being the first con
vention of the association within the
walls Of the new building; the making
of report of the building committee :
stewardship; the conditions under
which the clerical force has worked for
ten years; how the housing conditions
for the records had outgrown the space
needed for that purpose. He referred TO
the advantages Of having all records
under one roof and the escape from fire
hazard in the new building. He referred
to the prophetic Intuition of the late
Joseph A. DeBoer of these needs as
shown when he purchased the nucleus
Of the present site with the purpose of
new building in sight He gave re-
view OF the 72 years history of the
company in concise statement not
dealing at length upon any phase Of
the topic, Every effort has been made
in construction Of the new building to
embody be same stability that has
ever characterized the company, with
special attention given to efficiency in
its relation to departmental needs both
present and future. He compared the
state and federal supervision that ex-
listed over insurance companies when
this was organized with that Of to-day
and the many companies which existed
20 years ago that have passed into his
tory. He quoted Mr., DeBoer thus: 1T
is to the good qualities and personality
Of its early organizers and representa-
tives, their energy, integrity, faith,
ability and prudence,
that the National Life owes its sue
cessful projection, growing popularity
and its increasing strength" Mr.. Gut
Ter then gave q resume Of those early
connected with the company and the
first home of the company and followed
by the changes in both to the present
time. Between 1891 and 1922 the as
sets increased from six millions to over
Eighty millions and the insurance in
force from s46.362 .3Ol to 1888 1885,
t30.24. The gains in insurance in force
turing the last eleven years exceed the
entire volume Of insurance in force at
The close Of the company's first so
years He then gave credit to those
who helped the building committee per-
Iect the building, including the archi-
'ects and contractors, and commented
ipon the construction style, resembling
he early renaissance of northern Italy. |
L is interesting to note that the es-
ablished investment practice has not |
,een disturbed, that our correspondents |
lave all been retained. that no secur- |
~ has been sold 10 meet the building |
demands and that all payments have |
'een so timed from the current income |
S to take advantage of every avail
BILE discount. He closed with reading
he original records Of authorization
or the purchase of the first home Office
cal estate, very interesting docu-
1ent
The flags presented to the company
Or use in its new home Office building
Tere the flag of the United States and
he flag of the state of Vermont, both
iade of silk and embroidered by "Bos-
pms own Betsy Ross" Mrs Amelia
owler. The flags are four feet. eight
lches by six feet and are mounted on
'n-foot stafrs. Two standards are in
uded. An engrossment signed by the
members OF the association and
sndsomely framed was also presented. J
he presentation speech was made at
odututt VI tiit dc>ttfdtfoH III the new :
hiding by j. Howard Edwards of Bos-
N, who conceived the idea of having
le flags made. Every member of the :
'sociation had a part in the gift. By +,
special process of embroidering, the +.
ate coat of arms appears in the right !
,sition and the motto reads correctly :
/ either side, although the flag is of I
lily one thickness of grosgrsin silk II In
claimed that the flag is the only 4
rrect state nag in the state. Mr.. Ed a
ards has a certificate from Secretary I
State Harry A. Black making the
sign Of the coat of arms suthorits- v
We. according TO the section OF the
neral laws approved on March es. 1
10. 4
Among the speakers at the banquet o
Is Earle $. kinsley.of Rutland, pres '
ent elect Of the association. Other g
hcers elected yesterday afternoon p
IRE p. T. Rench of st. Louis, Mo-. c
ne president; c, B. Palmer sf Detroit,
ich. secretary and treasurer. and J. n
snry johnson of Oklahoma City, u
tia. r. A. Vidal Of Buffalo, n. ", J.
Rardin Of Huntington. w. Va. and
Howard Edwards Of Boston. mem
r. NJ the executive committee. 7