The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-05-17
Ne v BUILDING
OPENED BY
ACACIA
BY RICHARD HATTON

~ IVAN
Over 1000 interested spectators
gathered last night on the tennis
courts and open space opposite the
Acacia Mutual Life Association 3
new building at First st. and In.
diana Ave. n. w. to witness the
dedication OF the Temple. William
Montgomery, president of the Aca.
cia Mutual Life Associa ton, pre-
sided.
There was solemnity about the
exercises which we'll fitted the occa-
sion, marking a great achievement
in the life of an organize ton which
has become one OF the outstanding
old-line mutual life insurance r"m
ranies of the country. with assetI
of over $23,O00.O00 and life insur'
ance in force OF over a quarter
of a billion dollars. 1t is stated
that the Acacia, during the last
year, deposited over $1O,O0O,OOO in
the banks of the District OF Column
bia and that its assets are exceeded
by the total resources of only one
anu ONS u lSb "AOtAAPN"J ~
Washington.
Unique Feature
Preceding the evening ceremonies
a unique feature OF the new unls
was opened This ceremony took
place in the afternoon and covered
the half floor set apart as club,
or headquarters for policyholderS
visiting Washington. Every moo
ern convenience Is provided here
and special service, such as ar
ranging hotel and travel accom-
modations, etc, is provided. me
new Acacia plant is not only a
great workshop for the 900 IN
ployes but a convenient gathering
place for visiting field agents AND
policyholders.
just as the great Temple of Ser
vice was dedicated last night the
building was flooded by streams OF
brilliant electric light which threw
into bold relief the ha ndsome facade
and the striking architectural fea'
lures.
A high tribute was paid by many
present to President William Mont
gomery To whose vision, business
foresight and energy are attributed
the Acacia's Preat achievement.
The invocation at the evening
ceremonies was delivered by DIR.
John c. Palmer, F. M, Grand
Cha plain OF the Grand Lodge of the
District of Columbia. after which
there followed recognition Of the
guests" by the chairman. F.. Lee
Trinkle, former governor of Ntr-
ginia. delivered an address. The
dedication was performed by Most
Worshipful Brother James T. Gibbs,
Grand Master Of Masons. d. c.
President Montgomery then accepted
the trust Of the temple and an ad-
dress was delivered by Ri. Rev.
James E. Freeman, D. D., Bishop
of Washington.
COmpany's Resources
1t is of great interest to note
i'm connection with the elaborate
ceremonies OF last night that a
gain OF assets brought the resources
Of the company 10 $23,369, 3S7 at
the beginning OF The present year.
Its new insurance paid for dur
ing last year, amounting to $J3,O1I,'
500 was the greatest In the as
sOciatiOns history. So too was
it's net gain OF $37 1891 $40 in bCsi-
ness in force greater than ever
before. i'm consequence OF which it
closed the year with $264,25S, 116
of insurance on it's books.
What makes these totals almost
unbelievable is the fact that the
Acacia Mutual still was struggling
along with less than 100000, 600 in
force 10 ye&rs ago, and had assets
OF only 81 $50 1858 Al the epd o.
1917 az compared with more than
twenty-threr millions now. During
the same 10 years. moreover, the
associations surplus has been
builded from $68,566 to $1,329,2 O2 in
the face OF the payment OF record
breaking dividends to it's members
G2 Years Old
And as il all these distinctions
were not enough 10 intrigue any
b0dYs interest, representatives. 81
the Acacia Mutual can boast the
fact that the association has been
a life insurance pioneer ever since
it was nrsaEiZed G2 years AZ" III
THIS city. where its headquarters
have been eyer since.
1t was the first fraternal society
to adopt he legal reserve plan ana
provide for an adequate valuation
Of it's policies. 1t was the first fra
ternal society to pay dividends 10
it's policyhoEhers: and 1t was ahead
Of all other fraternal societies In the
matter NJ changing from the fra
ternal to the old line mutual basis
A convention of Acacia agents
opened at 10 a. m. today under the
chairma nship Of President Mont
gomery, which is discussing topics
concerning the welfare OF the asso'
citation.
TrinkIe will preside at a ban
quet to be held tonight At the
Willard Hotel at 1880 o'clock.
Senator Pat Harrison, of Mlssis-
oinni DrnSidnnt Mont come ~