San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-03-09
COMP ANY MAKES
GREAT RECORD
IN FEW YEARS
Central Life's Business AL
ready Totals $780,
100000.
is in NINE STATES
Assets Total $5,000,0 900,
Reports J. r. Fletcher,
Agent Here.

There is a romance of business il
the figures of the Central Life Insur
snce Company of Illinois. Organize,
but fifteen years ago, its business to
tails s40,0OO,OOO and the compan!
holds assets of between $4,000, 900 AM
$5,000,000. It's operations reach int,
nine states, according to J. r. fetch
er, Gunter building, representing tn,
company in this district.
Mr.. Fletcher has made 4 wonder
full success in San Antonio for hi
company and incidentally he has som,
unusually good opportunities for men
desiring to become insurance agents.
Unbroken continuity of manage
ment supported by efficiency and en-
ergy has contributed much to the
success, which, in many ways, is un
paralleled in business annals, says Mr.
Fletcher. The organization of the
Central Life Insurance Company was
effected by the same officers who now
c-ntrol its destinies, Mr.. Fletcher
states:
How 1t Was Organized.
The company was organized in
1907. Its first 100000 of capital
stock was sold at par and not one
cent of the cost of organizing was lev.
led against the stockholders. Twenty
two months were consumed in organi-
cation during which period it sold
tr'enty-year term insurance at old
line rates under an assessment char
ter. This business was rewritten 10
standard forms on the old-line basis
and profits of S14,500 were turned
over to the new organization, this OBJ
Waiting the necessity of organization
expense.
'The consulting actuary at the
time Of the organization was Major
Brinkerhoff, for many years connect
ed with the Illinois Insurance Depart
ment. He was succeeded by George
Graham, president of the American
Institute of Actuaries. The policy of
the company has not been to show a
large volume of business in force, at
the risk of future stability and per-
manency of the organization.
For this reason the company made
no headlong rush for business, but
confined its earlier efforts to carefully
covering the rural districts. Today, it
is entering by a careful way some of
the large centers of population, where
IL is prepared to meet all competition
on the strength of its record.
Business Grows Rapidly.
'The management is composed OF
ii. W. johnson, president; w. II.
Weese, vice president and agency di-
rector: Charles Nader. vice presi-
dent; s. B. Bradford, secretary and
treasurer; W. Fl. Hinebaugh, general
counsel. and T. W. Burrows, medical
director. They have brought to the
company a wide business experience
although they were not men trained
especially along technical insurance
lines. but possessed of the qualities
which enabled them to grasp high eth
ical standards of business.
1T has been their plan to invest
the company's reserves in states and
communities where the business has
been originated. At present, 70 per
cent of the firms assets are invested
in first farm mortgages and its in
vestment record for a decade shows
not dollar of loss Of principal or in
terest.
1.-THE company has paid a liberal
stock dividend each year since organi-
zation and has maintained a satisfac-
tory dividend scale to policy holders.
Since 1917, it has paid first year
dividend, contingent on the payment
of the succeeding premium. 1t also
writes non-participating insurance at
a low rate.