ASSOCIATION OF LIFE INSURANCE PRESIDEnts, The

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ASSESSMENT LIFE AND ACCIDENT INSURANCE ASSOCIATIONS. Notices of the principal organizations of this class will be found in their alphabetical places in this volume.

ASSESSMENT LIFE AND ACCIDENT INSURANCE BUSINESS IN 1914. [For statistics of the business see Fraternal Beneficiary Orders, National Fraternal Congress, Life Insurance Aggregates.]

ASSETS. In insurance the entire property of the company. In making annual statements net or ledger assets are distinguished from gross assets, although the distinction is sometimes an uncertain one. In life insurance agents' balances, bills, bills receivable, furniture, etc., and a percentage of uncollected premiums are deducted.

ASSOCIATION OF INSURANCE SOCIETIES AND INSTITUTES, of America. [See Fire Section.]

ASSOCIATION OF LIFE INSURANCE COUNSEL. The association, composed of the counsel of life insurance companies, was organized in Hartford, Conn., in April, 1914. Officers were elected as follows: President, William Bro Smith, The Travelers; vice-president, Fred A. Howland, National Life of Vermont; secretary and treasurer, William J. Tully; executive committee, E. D. Duffield, Prudential, chairman; James H. McIntosh, New York Life; Frederick L. Allen, Mutual Life; Arthur K. McGinley, Massachusetts Mutual; Chandler Bullock, State Mutual. The annual meeting is held in December, and the above are the present officers.

ASSOCIATION OF LIFE INSURANCE MEDICAL DIRECTORS OF AMERICA was organized December 6, 1889, in New York, by the medical directors of leading life insurance companies. The present officers are: President, W. Evelyn Porter, M. D., Mutual Life, New York City; vice-president, F. C. Wells, M. D., Equitable Life, New York City; second vice-president, Homer Gage; secretary, Faneuil S. Weisse, M. D., Mutual, Life, New York City; treasurer, A. S. Knight.

ASSOCIATION OF LIFE INSURANCE PRESIDENTS, THE, was organized at a meeting in New York in January, 1907. The objects of the association as stated in the constitution are: To promote the welfare of policyholders; to advance the interests of life insurance; to prevent extravagance and reduce expenses by an interchange of views on practice among life insurance companies in matters of general administration; to consider carefully important measures that may be introduced from time to time in legislative bodies, with a view to ascertaining and publicly presenting the grounds which may exist for their adoption or rejection by the legislature; to consider anything that may be suitably a matter of general concern to the life insurance business. Ex-President Grover Cleveland was the first chairman, and Robert Lynn Cox, secretary, and the executive committee was as follows: Paul Morton, Equitable Life; S. C. Dunham

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ASSOCIATION OF LIFE INSURANCE PRESIDents, The

Travelers; Thomas A. Buckner, New York Life; George E. Ide, Home Life; L. G. Fouse, Fidelity Mutual; Haley Fiske, Metropolitan; Charles A. Peabody, Mutual Life, and the chairman of the association. The present officers are: Robert Lynn Cox, general counsel and manager; Alfred Harrell, New York, attorney; John J. Brinkerhoff, actuary: executive committee, elected in 1914, Robert Lynn Cox, chairman; Jesse R. Clark, Union Mutual Life, Cincinnati; Forest F. Dryden, The Prudential, Newark; Sylvester C. Dunham, Travelers, Hartford; Haley Fiske, Metropolitan Life, New York; Alfred D. Foster, New England Mutual, Boston; George E. Ide, Home Life, New York; W. A. Day, Equitable Life, New York; and Charles A. Peabody, Mutual Life, New York.

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The eighth annual meeting of the association was held in New York City, December 10 and 11, 1914. General Manager Cox called the meeting to order and introduced the chairman of the meeting, Jesse R. Clark, president of the Union Central Life Insurance Company, Cincinnati, Ohio. Chairman Clark referred to the meeting at which the association was organized, and spoke briefly of the changes in the business, or rather the advances in all branches, which, he said, was simply a natural evolution, and took up the topic for the day, which was "The Common Interests of Life Insurance, Education, and Business." Under the general subject the following addresses were given: "The Relation of Life Insurance to the Credit Fabric of Business," A. Barton Hepburn, New York, N. Y.; "The Response of Our Educational Institutions to Present Day Business Needs," John H. Findlay, LL.D., commissioner of education, New York; Can Insurance Experience be Applied to Lengthen Life," Arthur Hunter, New York Life; "The Relation of Sanitary Engineering to Public Health," Dr. Rudolph Hering, New York; "Live a Little Longer - The Rochester Plan," Miss M. E. Bingeman, Rochester, N. Y.; Safety First in Life Insurance," John B. Lunger, Equitable Life, N. Y.; "The Increasing Need for Insurance of Women," Herbert C. Cox, Canada Life; In re Prevention of Verdict before Trial in Life Insurance Cases," W. H. Davis, Pacific Mutual Life; "The Insurance Department as an Educating Force," J. S. Darst, insurance commissioner, Charleston, W. Va.; Some Observations on Supervision," Frank Hasbrouck, superintendent of insurance, New York. Fireside Campaigning was the subject of addresses by R. W. Stevens, Illinois Life, Chicago; William E. Johnson, Columbian National, Boston; Edward D. Duffield, Prudential, Newark; and the subject formed the topic for general discussion during the second day's session.

The following resolution was adopted:

Resolved, by the Association of Life Insurance Presidents, that we express to Hon. A. Barton Hepburn, our sincere appreciation of the valuable contribution he has made to the cause of Life Insurance by pointing out from a banker's standpoint its importance as a factor in disclosing the qualities of mind and habits of life which entitle men to credit in financial circles.

Resolved Further, That the Manager of the Association be directed to submit to the principal commercial credit rating agencies Mr. Hepburn's suggestion that it would be well for them to make inquiry concerning the life insurance being carried by men and corporations on whom they are accustomed to make reports, to the end that such commercial agencies may furnish this information to their clients when requested to do so just as they now furnish statements of assets and liabilities.

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Resolved, That the report and address of Mr. Arthur Hunter, chairman of the Central Bureau of the Medico-Actuarial Mortality Investigation, dealing with an inquiry into the relative longevity of two million of insured lives, be referred to the health committee with the recommendation that it take the subject-matter under consideration and endeavor through co-operation with said bureau to prepare for the use of the public such further information concerning incorrect living and methods possible for remedying the same as the statistics may disclose.

"

Resolved. That the suggestions and recommendations made to the association by Miss M. E. Bingeman in relation to the " Live a Little Longer plan of Rochester, N. Y., be referred to the health committee for consideration.

Resolved, That the sincere thanks of the meeting be tendered to each of the speakers who have contributed so willingly and effectively of their time and energies in the preparation and delivery of the excellent addresses with which we have been favored.

ASSOCIATION OF LIFE UNDERWRITERS. Underwriters Association.]

[See Life

ATLANTA ASSOCIATION OF LIFE INSURERS, Atlanta, Ga. Organized October 12, 1892, as the "Georgia Association of Life Insurers," with Thomas Peters president and Clarence Angier, secretary. The change in name was adopted in March, 1915. The present officers, elected at the annual meeting in January, 1915, are: President, R. N. R. Bardwell, Germania Life; vice-president, Louis Sherfersee, Phoenix Mutual Life; secretary and treasurer, G. S. Lott, Fidelity Mutual; executive committee, Alfred C. Newell, Columbian National, chairman; H. M. Willet, Penn Mutual; W. E. Hawkins, Ætna; T. H. Daniel, Union Central, and J. H. Byrley, Fidelity Mutual.

ATLANTIC HORSE INSURANCE COMPANY, Providence, R. I. Organized 1907; cash capital, $105,000. William E. Tifft, president; Sidney B. Hibbard, vice-president; G. W. Hubbard, secretary and managing underwriter; M. E. Pierce, assistant secretary; Job S. Briggs, treasurer.

ATLANTIC LIFE INSURANCE COMPANY, Richmond, Va. Organized 1900; capital, $300,000. Edmund Strudwick, president and treasurer; S. W. Travers and H. W. Anderson, vice-presidents; Charles G. Taylor, Jr., vice-president and actuary; Roy M. Jones, secretary; H. L. McConnell, assistant secretary; J. H. Smith, superintendent of agencies.

AUGUSTA ASSOCIATION OF LIFE UNDERWRITERS, Augusta, Ga. Organized in April, 1915. Officers were elected as follows: President, Henry M. North; vice-president, A. F. Glunder; second vice-president, C. M. Harris; secretary and treasurer, Pierre Heard.

B

BACON, EDWIN HUGH, editor and manager of the Coast Review of San Francisco, Cal., was born at Cincinnati, Ohio, December 5, 1853. He was educated in the public schools of Peoria, Ill., and his early occupations were farming, merchandising, and the publishing business. He entered upon his present work in May, 1883.

BADGER CASUALTY COMPANY, Green Bay, Wis. Organized 1911; capital, $100,000. The company was re-named the Midland Casualty Company, of Wisconsin, in June, 1915. (which see)

BAILEY, LESTER V., was born in Baileyville, Me., December 9, 1864, and was educated in the common schools and business colleges. The early days of his business life were spent among the towns of Central Massachusetts. In 1892, he took up the insurance business and has been special agent for the company he now represents for several years. He was appointed acting manager in 1904, and subsequently appointed to his present position. He was elected vice-president of the Life Underwriters' Association of Central Massachusetts in 1905, and president in 1906. Unanimously re-elected president Central Massachusetts Life Underwriters in 1907, vicepresident Worcester Methodist City Mission and Church Extension Society, agency supervisor of agents Massachusetts Mutual Life at Worcester, Mass. Also third vice-president of Laymen's Association of the New England Methodist Conference.

BAKER, DANFORD MORSE, second vice-president of the Pacific Mutual Life Insurance Company, Los Angeles, Cal., is a native of Connecticut and was born of American parentage in Union, August 20, 1861. He received a common school education, and after leaving school worked on a farm and later taught school. He began his life insurance career as a clerk, and has had a wide experience in office and field. He was manager for the Pacific Mutual Life at Chicago until called to the home office and elected third vice-president of the company in 1906, and was elected second vice-president in 1909. He was president of the Chicago Life Underwriters Association in 1904-5, and was elected a vice-president of the National Association of Life Underwriters in 1904.

BALDWIN, PERCY VERMILYE, manager life and accident departments of the Boston office of The Travelers Insurance Company, was born of American parents in Newark, N. J., September 19, 1870. He received a private school education, and entered the insurance business at the age of eighteen in New York City; later removing to Boston. He has been prominent in life underwriting affairs, and has served as vice-president and chairman of the executive committee of the Boston Life Underwriters' Association, and was elected president of the association in 1902. He has served as a vice-president, and chair

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man of the executive committee of National Association of Life Underwriters, and is at present a member of the Executive Committee of the association.

BALDWIN, WILLIAM C., president and general manager of the Pittsburgh Life & Trust Company, was born at Washington, Washington County, Pa., January 12, 1858. He attended public schools until ten years of age, and entered the dry goods business as errand boy, later becoming a salesman, and was employed as such until nineteen years of age, then engaged in business personally and continued in the mercantile business until thirty-three years of age. During this period he also became connected with oil, gas, water, and other enterprises in the Western Pennsylvania district, and with banking institutions. February, 1893, entered the employ of the New York Life Insurance Company as a soliciting agent, and worked through Western Pennsylvania, and in 1895 was appointed agency director, with headquarters at Pittsburgh, Pa., and continued with that company until January, 1902, at which time he took an agency with the Canada Life Insurance Company, and opened up Western Pennsylvania under a general agency agreement. Having organized the Pittsburgh Life & Trust Company, was elected vice-president and general manager of that company January 1, 1903, and continued to fill that position until January 1, 1907, when he was elected president and general manager of the company.

BALLARD, SEYMOUR M., secretary of the New York Life Insurance Company, is a native of New York state and was born in Cortland, October 25, 1851. He entered the New York State Insurance Department in 1873, later becoming a department examiner, and in April, 1894, was appointed supervising cashier of the New York Life in New York. He was appointed assistant comptroller in 1889, comptroller in 1903, and was elected secretary of the company a year later.

BALTIMORE LIFE INSURANCE COMPANY, Baltimore, Md. Organized as an assessment company in 1882; reorganized as a regular life insurance company in 1898. F. S. Strobridge, president; R. E. Brownell, John W. Pulis, vice-presidents; W. O. MacGill, secretary; Alfred S. Niles, treasurer; S. D. Powell, superintendent of agents.

BALTIMORE LIFE UNDERWRITERS' ASSOCIATION. Organized January 11, 1887, and reorganized November 27, 1900, with the following officers: President, J. Herman Ireland; vicepresident, Henry P. Goddard; secretary, Ernest J. Clark; treasurer, Munroe Snell. The present officers elected at the annual meeting in February, 1915, are: President, Fred Shaw, Metropolitan; president, Robert H. Shaw; treasurer, M. S. Brenan; secretary, Charles E. Kregloe; board of directors, Ernest J. Clark, J. K. Voshell, A. G. Goodrich, Frank W. Wheaton, and J. L. Downes.

Vice

BANKERS ACCIDENT INSURANCE COMPANY, of Des Moines, Iowa. Organized 1893. F. L. Miner, president; E. C. Budlong, vice-president and agency manager; J. A. Kizer, secretary.