ROYAL UNION_MUTUAL LIFE INSURANCE COMPANY, 6th and Mulberry streets, Des Moines, Iowa. Organized March 15, 1886. OFFICERS.-Pres., Frank D. Jackson; V. Prests., Sidney A. Foster, N. M. Hubbard, Jr.; Sec., Sidney A. Foster; Treas., Carl B. Pray; Gen. Counsel, N. M. Hubbard, Jr. DIRECTORS.-Joseph S. Graydon, Frank D. Jackson, Sidney A. Foster, Carl B. Prav, Dr. James T. Priestley, John A. Graydon, N. M. Hubbard, Jr., D. J. Batsner, C. D. Boardman, L. M. Clausen.

WRITES.-Life Insurance.

TERRITORY COVERED.-Iowa, Kansas, Missouri, Ohio, Pennsylvania.

SAFETY FUND LIFE COMPANY, Minneapolis, Minn. Reorganized as a stock company, 1915.

1914.

SAN JACINTO LIFE INSURANCE COMPANY, Beaumont, Tex. Organized OFFICERS.-Pres., H. M. Hargrove; V. Prests., W. H. Stark, C. H. Moore, Ed. Paggi, J. J. Nathan; Sec., J. S. Edwards; Asst. Sec., George A. Wells; Treas., B. R. Norvell; Atty., E. E. Townes; Actuary, J. M. Emery.

DIRECTORS.-J. S. Edwards, E. J. Emerson, J. A. Glen, H. M. Hargrove, Frank Keith, John L. Keith, W. F. Keith, J. J. Nathan, B. R. Norvell, H. Perlstein, S. W. Pipkin, J. H. Reagan, C. C. Roberts, F. L. Sheeks, R. E. Smith, H. F. Triplett, E. E. Townes, W. C. Tyrell, D. S. Wier, J. C. Wilson, A. C. Breeden, John T. Duncan, John H. Kirby, C. H. Moore, Ed. Paggi, W. H. Stark, J. G. Gray. WRITES.-Life Insurance.

TERRITORY COVERED.-Texas and Louisiana.

SCANDIA LIFE INSURANCE COMPANY, 30 N. La Salle street, Chicago, Ill. Organized December 5, 1904. Commenced business April 14, 1905.

OFFICERS.-Pres., Nils A. Nelson; V. Pres. and Purchasing Agt., E. A. Olson; Sec.-Treas., C. H. Boman; Actuary, L. Grimes; Supt. of Agencies, Gilbert Knudtson. TRUSTEES.-C. H. Boman, I. M. Anderson, E. A. Olson, E. P. Strandberg, Alfred G. Larson, L. G. Abrahamson, Nils A. Nelson, Theo. G. Northwall, N. P. Severin, A. G. Anderson, Theo. Freeman, A. J. Laurence, Andrew Ringman, Charles E. Wallin, W. A. Peterson.

WRITES.-Life Insurance.

TERRITORY COVERED.-Wash., Neb., S. D., N. D., Minn., Iowa, Mich., Ill.,

Conn.

SCRANTON LIFE INSURANCE COMPANY, 530-544 Spruce street, Scranton, Pa. Organized October 31, 1908. OFFICERS.-Pres., James S. McAnulty; V. Pres., A. J. Connell, M.D.; Sec. and Man. Undr., William E. Napier; Asst. Sec., G. W. Swain; Treas., Madison F. Larkin; Supt. of Agencies, C. C. Sampson; Actuary G. W. Swain; Med. Dir., A. J. Connell. DIRECTORS.-J. S. McAnulty, Hon. W. L. Connell, C. La Rue Munson, William P. Stevens, A. J. Connell, M. D.; Madison F. Larkin, John B. Fassett, Mortimer B. Fuller, W. E. Napier, Alfred E. Connell, Frederick W. Wollerton.

WRITES.-Life and Term Insurance.

TERRITORY COVERED.-Cal., Del., Ind., Ky., Pa., W. Va.

SECURITY LIFE INSURANCE COMPANY OF AMERICA, Rookery Bldg., Chicago, Ill. Organized 1902. OFFICERS.-Pres., W. O. Johnson; V. Prests., Geo. C. Sale, S. W. Goss; Sec.Treas., O. W. Johnson; Med. Dir., S. S. Werth, M.D.; Actuary, J. Charles Seitz; Gen. Counsel, F. W. Bull, Fletcher M. Durbin.

DIRECTORS.-W._O._Johnson, George W. Dixon, Charles Arthur Carlisle, P. A. Myers, G. C. Straus, E. D. Newman, Joseph E. Otis, Edgar A. Bancroft, George C. Gale, Irving Randall, O. W. Johnson.

WRITES.-Life Insurance.

TERRITORY COVERED.-Va., W. Va., Pa., Ky., Kans., Ind., Ill., Ohio, Mich., Cal., Ore., Ark., Mo.

SECURITY MUTUAL LIFE INSURANCE COMPANY, 12th and O streets, Lincoln, Neb. Organized October, 1895. Reorganized 1903.

OFFICERS.-Pres., W. A. Lindly; V. Pres., L. M. Keene; Sec., M. Weil; Asst. Sec., Wray A. Lindly; Treas., L. J. Dunn; Actuary, W. A. Lindly; Gen. Counsel, Field, Ricketts & Ricketts.

DIRECTORS.-M. Weil, L. J. Dunn, D. B. Cropsey, L. M. Keene, C. J. Guenzel, F. D. Mason, W. A. Lindly.

WRITES.-Life Insurance.

TERRITORY COVERED.-Iowa, Kansas, Missouri, Nebraska, South Dakota.

SECURITY MUTUAL LIFE INSURANCE COMPANY, Binghamton, N. Y. Organized November 6, 1886.

OFFICERS.-Pres., David S. Dickinson; V. Prests., W. G. Phelps, A. B. Howe; Sec., Charles A. La Due; Asst. Sec., F. C. Goodnough; Treas., James W. Manier; Supt. of Agencies, C. H. Jackson; Actuary, F. R. Brunner; Asst. Actuary, Leigh Morse; Gen. Counsel, H. D. Hinman.

DIRECTORS.-D. S. Dickinson, William G. Phelps, Charles M. Stone, George F. Lyon, Clarence F. Hotchkiss, Z. Bennett Phelps, James W. Manier, A. B. Howe, Harvey D. Hinman.

WRITES.-Life Insurance.

TERRITORY COVERED.-Ala., Ark., D. C., Ga., Idaho, Ill., Ind., Kas., Ky., Maine, Md., Mich., Minn., Miss., Mo., Neb., N. Y., N. C., N. D., Ohio, Okla, Ore., Pa., S. C., Tenn., Wash., W. Va., Wyo., Mont., Colo., Wis.

The Security Mutual was organized under the assessment laws of New York November 6, 1886. On May 1, 1898, it was re-incorporated as a stipulated premium company, and on December 31, 1899, it was again re-incorporated, this time as a level premium institution. The Company's development has been gradual but sound. It has won its way to public recognition as an excellent claim-payer, a dispenser of unquestionable protection at moderate rates, and an institution of large resources and able management. It is purely mutual and writes only annual dividend insurance. An interesting feature is the maintenance of a total abstinence class. An experience of fifteen years enables it to show a saving in mortality in this class of $400,000, the number of deaths representing only 33% of the expected according to the tables. The Company carries about $14,000,000 of insurance of this kind, and the total amount of business placed in this class in 1916 was $4,201,000. The home office building is one of the finest business structures in Binghamton and one of the handsomest and most complete possessed by any insurance company of the country. The figures that follow show the standing of the Security Mutual at the close of last year, and its advance over the points reached at the close of 1915: Admitted assets, 1916, $8,097,3541915, $7,628,612; net reserve, 1916, $7,352,098-1915, $6,864,985; surplus, 1916, $215,319 -1915, $244,261; insurance in force, 1916 (notwithstanding the retirement of a large amount of the old assessment business), $51,786,159-1915, $48,916,938; new insurance written in 1916, $9,477,043-in 1915, $7,713,860; total income, 1916, $2,147,261-in 1915, $2,025,099; total payments to policyholders, 1916, $1,096,206-1915, $1,162,131; and excess of income over disbursements in 1916, $410,938-in 1915, $263,427. The men who compose the Board of Directors are of the character to establish the Company's reputation for strength and soundness. The officers are underwriters of long experience who have made excellent reputations for themselves by their able work with this and other companies.

1916.

SHENANDOAH LIFE INSURANCE COMPANY, Roanoke, Va. Organized OFFICERS.-Pres., R. H. Angell; V. Prests., E. Lee Trinkle, E. W. Scott, Jr.; Agency Mgr., J. A. Gorham; Sec.-Treas., W. L. Andrews; Auditor, Louis St. John Thomas.

DIRECTORS.-W. L. Andrews, R. H. Angell, J. T. Bandy, W. W. Bird, C. F. Blanton, S. R. Brame, R. S. Brown, R. E. L. Chumbley, A. W. Davis, W. E. Driver, J. H. Dunkley, E. R. Flippo, W. H. Gardner, G. M. Garrett, L. R. Gills, E. F. Headley, W. J. Henson, H. W. Hicks, F. Kegley, C. L. King, J. E. Legard, G. C. Moomaw, E. D. Newman, S. H. Price, J. T. Puckett, E. W. Scott, Jr.; R. L. Seay, J. J. Sheahan, J. E. B. Smith, E. L. Trinkle.

WRITES.-Life Insurance.

TERRITORY COVERED.-Virginia, Tennessee, Florida.

SOUTHEASTERN LIFE INSURANCE COMPANY, Greenville, S. C. Organized October 1905. OFFICERS.-Pres., T. O. Lawton, Jr.; V. Pres., F. A. Lawton; Sec., F. M. Phillippi; Treas., R. L. Bryant; Actuary, F. M. Phillippi; Gen. Counsel, A. H. Haynsworth. DIRECTORS.-C. B. Earle, M.D.; C. W. Estes, E. A. Gilfillin, H. J. Haynsworth, F. A. Lawton, B. E. Geer, T. O. Lawton, Jr.; Thomas F. Parker, E. A. Smyth, A. D. L. Barkesdale, F. M. Phillippi.

OFFICERS.-Pres., Wm. A. Bowen; V. Pres., O. S. Lattimore; Sec., G. T. Bludworth; Treas., W. M. Massie.

DIRECTORS.-G. T. Bludworth, D. M. Doyle, O. S. Lattimore, W. D. Littler, W. M. Massie.

TERRITORY COVERED.-Texas.

SOUTHERN UNION LIFE INSURANCE COMPANY, Waco, Tex. Organized January 18, 1909. OFFICERS.-Pres., H. B. Mistrot; V. Prests., E. R. Nash, George W. Cole, Jr.; Sec.-Treas., James L. Mistrot; Supt. of Agencies, Tom W. Poynor; Actuary, Andrew Sigtenhorst.

DIRECTORS.-H. B. Mistrot, James L. Mistrot, E. R. Nash, J. D. Williamson, Charles Cobb, Jr.; George W. Cole, Jr.; W. W. Walton, Andrew Sigtenhorst, Tom W. Poynor.

WRITES.-Life and Accident Insurance.
TERRITORY COVERED.-Texas

SOUTHERN INSURANCE COMPANY, Nashville, Tenn.

Organized 1900.

OFFICERS.-Pres., Frank M. Searight; V. Pres., A. R. King; Sec., Charles Stephens; Cashier, Victor C. Carroll; Supt. of Agencies and Man. Undr., Milton E. Ridley; Actuary, Emmet T. Hall.

DIRECTORS.-F. M. Searight, C. T. Mathews, J. W. Moore, Nat Ryan, E. T. Hall, William Hall, C. M. McDaniel, B. F. Allnut, M. E. Ridley, Ben F. McGrew, R. B. Currey, H. C. Guerin, Charles Q. Stephens, J. L. Stewart, C. H. Cherry.

TERRITORY COVERED.-Miss., S. C., Tenn.

SOUTHERN LIFE AND TRUST COMPANY, 112 E. Market street, Greensboro, N. C. Organized July 1, 1903.

OFFICERS.-Pres. and Mgr., A. W. McAlister; First V. Pres., R. G. Vaughn; Second V. Pres., A. M. Scales; Third V. Pres., R. J. Nebane; Sec. and Actuary, Arthur Watt; Treas., R. G. Vaughn.

DIRECTORS.-J. Van Lindley, J. M. Hendrix, E. E. Bain, W. D. Mendenhall, A. W. McAlister, W. C. Boren, David White, Z. V. Taylor, A. M. Scales, R. G. Vaughn, C. P. Frazier, R. J. Nebane, Arthur Watt, T. A. Hunter.

WRITES.-Life Insurance.

TERRITORY COVERED.-North Carolina, South Carolina, Virginia, West Virginia,

Arkansas.

SOUTHERN STATES LIFE INSURANCE COMPANY, 1233 Candler Bldg., Atlanta, Ga. Organized April 16, 1906. Commenced business May 20, 1906. OFFICERS.-Pres., Wilmer L. Moore; V. Prests., Frank E. Block, Mell R. Wilkinson; Sec.-Treas., Frank Orme; Actuary, S. Barnett; Agency Mgr., Wilfred S. McLeod; Gen. Counsel, A. J. Orme; Auditor, Joseph H. Williams; Med. Dir., Dr. W. S. Kendrick; Agency Sec., Robert F. Moore.

DIRECTORS.-Fred S. Ball, Lewis H. Beck, J. W. Callahan, J. Ferris Cann, Raymond Cay, Tench C. Coxe, W. T. Gentry, C. E. Harman, L. C. Hayne, L. P. Hillyer, A. B. Hull, Marion M. Jackson, F. E. Block, W. S. Kendrick, M. D.; W. J. Kincaid, T. D. Meador, Wilmer L. Moore, John E. Murphy, William J. Murray, A. J. Orme, Frank Orme, J. M. Stephens, R. J. Taylor, C. A. Wickersham, Mell R. Wilkinson, Joseph H. Williams, V. H. Kriegshaber, P. S. Arkwright, W. J. Blalock, A. G. Candler, Frank Hawkins, J. T. Holleman.

WRITES.-Life Insurance.

TERRITORY COVERED.-Georgia, Florida, South Carolina, Alabama.

The Southern States Life, organized April 16, 1906, did not commence business until May 10 of that year. It began with a capital of $100,000 and a surplus of $50.000, all paid in. The expansion of the company has been rapid and secure. Actuarially it is sound, the expense of management is low, the mortality very moderate, the net cost of insurance reasonable, and the acquisition of substantial resources more than satisfactory. A full line of attractive contracts, simple and liberal in their provisions, is issued; they are both participating and non-participating, the former being altogether annual dividend. The extent to which the Southern States has developed, and the rapidity with which it is forging ahead, appears in the following figures for the close of 1916 and 1915: Admitted assets, 1916, $2,006,730-1915, $1,750,500; net reserve, 1916, $1,738,735-1915, $1,516,451; capital, $100,000; surplus, 1916, $105,282-1915, $75,383; insurance in force, 1916, $19,228,651-1915, $17,184,484; new insurance written and restored, 1916, $4,730,617-1915, $3,392,777; net premiums in 1916, $611,842-1915, $604,118; total income in 1916, $716,437-1915, $685,292; payments to policyholders, 1916, $215,681-1915, $255,891; and excess of income over disbursements, 1916, $217,917-1915, $221,655. The Board of Directors is thoroughly representative, and places a highly valuable and extensive business experience at the command of the Company. The officers are men of demonstrated insurance knowledge and ability, and are making reputations by the successful manner in which they are developing this institution. President Moore was born at Decatur, Ga., April 13, 1868, and graduated from the University of Georgia twenty years later. He was engaged in the wholesale merchandizing of dry goods until his election to the presidency of the Southern States, in May of 1906. He is familiar with success, and capable of carrying his Company to it.

SOUTHLAND LIFE INSURANCE COMPANY, Trust Bldg., Dallas, Tex. Organized October 3, 1908. Permit granted April 29, 1909.

OFFICERS.-Pres., Harry L. Seay; V. Prests., L. Linzmeyer, A. S. Doerr; Sec., J. W. Hurst, Jr.; Asst. Sec., P. N. Thevenet; Treas., H. L. Šeay; Actuary, L. Linzmeyer; Gen. Counsel, Jno. F. Onion; Med. Dir., Dr. Jno. S. Turner.

DIRECTORS.-M. M. Blakeney, Dr. W. A. Boyce, H. E. Byrne, James Callan, J. C. Casler, C. B. Cozart, A. S. Doerr, J. C. Duke, W. E. Easterwood, E. J. Fry, W. A. Green, J. S. Heard, C. W. Hobson, J. W. Hurst, Jr.; J. A. Johnson, Judge J. E. Lancaster, Clarence E. Linz, L. Linzmeyer, Louis Lipsitz, Jno. F. Onion, Jno. W. Philip, J. W. Rosson, R. W. Sandifer, Eli Sanger, Harry L. Seay, P. N. Thevenet, Dr. Jno. S. Turner, John V. Hughes.

WRITES.-Life Insurance.

TERRITORY COVERED.-Texas, Arkansas and New Mexico.

SOUTHWESTERN LIFE INSURANCE COMPANY, Southwestern Life Bldg., Dallas, Tex. Organized March 10, 1903.

OFFICERS.-Pres., T. W. Vardell; V. Pres., T. L. Bradford; Sec. and Actuary, Lawrence M. Cathles, F.F.A.; Med. Dir., Whitfield Harral, M.D., Supt. of Agents, A. C. Bigger; Gen. Counsel, Cockrell, Gray and McBride.

DIRECTORS.-T. W. Vardell, T. L. Bradford, Lawrence M. Cathles, Whitfield Harral, Edward Gray, P. L. Downs, William H. Featherston, Royal A. Ferris, W. K. Gordon, J. K. Hexter, A. A. Jackson, George W. Littlefield, C. H. Platter, Alexander Sanger, A. F. Sittig, Edward Titche, J. E. Cockrell, Edgar L. Flippen, R. H. Stewart. WRITES.-Life Insurance.

TERRITORY COVERED.-Texas.

STANDARD LIFE INSURANCE COMPANY, Youngerman Bldg., Des Moines, Ia. Organized May, 1897.

OFFICERS.-Pres., F. W. Sprague; V. Pres., F. L. Miner; Sec., T. H. Knotts; Asst. Sec., A. M. Streit; Treas., J. A. McKinney; Actuary, J. M. Emery; Medical Dir., Dr. E. E. Dorr.

DIRECTORS.-F. W. Sprague, T. H. Knotts, F. L. Miner, E. E. Dorr, J. A. WRITES.-Life Insurance.

McKinney.

TERRITORY COVERED.-Iowa.

STANDARD LIFE INSURANCE COMPANY OF AMERICA, Fourth avenue and Smithfield street, Pittsburgh, Pa. Organized April 1, 1911.

OFFICERS.-Pres., John C. Hill; V. Prests., H. M. Cribbs and Frank A. Wesley; Sec.-Treas., Elgin A. Hill; Supt. of Agencies, Frank A. Wesley; Consulting Actuary, S. E. Allison; Gen. Counsel, Fred W. Scott.

DIRECTORS.-D. J. Brown, Hyatt M. Cribbs, H. W. F. Graham, Elgin A. Hill, John C. Hill, William A. Jarvis, James H. McCrady, Charles A. Martin, W. Wallace Miller, Fred W. Scott, Frank A. Wesley, J. B. Keaggy, A. W. Calloway.

WRITES.-Life, Accident and Health Insurance.

TERRITORY COVERED.-Pennsylvania.

The Standard Life was incorporated under the Pennsylvania legal reserve laws on June 14, 1910, succeeding by reinsurance the Standard Mutual Life Insurance Company of America, an assessment institution that began business on January 17, 1909. The present Company commenced to write in April, 1911, with a capital of $300,000; the following month it was voted to increase the capital to $1,000,000, of which amount about $600,000 has been subscribed to date. The Standard has met with an encouraging success. It is based upon the best actuarial methods, has met its obligations promptly, experienced a low mortality, and accumulated a very considerable amount of resources. It writes only non-participating policies, and they are modern and liberal throughout. The Company began the issuance of health and accident policies in July, 1915, and has a good line of this class of business on its books. The following figures present the standing of the Company at the close of last year, and also at the close of 1915. Admitted assets, 1916, $1,577,400-1915, $1,162,760; net reserve, 1916, $843,017-1915, $666,377; capital, $356,535; surplus, 1916, $60,260-1915, $59,981; insurance in force, 1916, $11,737,537-1915, $10,513,211; new insurance written in 1916, $2,583,056-in 1915, $1,568,989; premium receipts in 1916, $387,582 in 1915, $361,149; total income in 1916, $492,388 in 1915, $433,305; payments to policyholders in 1916, $134,050-in 1915, $127,881; and excess of income over disbursements, 1916, $199,368-in 1915, $163,704. The Board of Trustees is of a complexion to contribute to the Company both business acumen and financial influence. The management is strong in underwriting and constructive ability, and is composed of experienced men. Secretary Hill was the secretary of the former company. Vice President Wesley is a skillful field man and excellent producer; he was an officer of the Columbian National Life when he joined the Standard. The future of the Company is bright.

STANDARD LIFE INSURANCE COMPANY, 200 Auburn Ave, Atlanta., Ga. Organized June 24, 1911.

OFFICERS.-Pres., Heman E. Perry; V. Prests., A. L. Lewis, T. H. Hayes, Emmett J. Scott, R. L. Isaacs; Sec., Harry H. Pace; Asst. Sec., H. C. Lugas; Auditor, J. A. Robinson; Supt. of Agencies, Wm. H. King; Actuary, George Dyre Eldridge; Gen. Counsel, Candler, Thonison and Hirsch.

DIRECTORS.-A. L. Lewis, H. H. Pace, H. C. Dugas, W. S. Scott, Wm. Driskell, H. A. Boyd, J. O. Ross, H. E. Perry, A. D. Hamilton, N. B. Young, S. C. Johnson, T. H. Hayes, T. McClendon, B. J. Davis, W. S. Buchanan, J. F. Dugas, L. J. Garth, J. W. Huguley, Emmett J. Scott.

Miss.

TERRITORY COVERED.-Ala., Ark., Ga., Ky., Mo., Tenn., Tex., D. C. and

STATE LIFE INSURANCE COMPANY OF MONTANA, Stanton Bank Bldg., Great Falls, Mont. Incorporated January 9, 1913. Commenced business April 1, 1914. OFFICERS.-Pres. and Gen. Counsel, Geo H. Stanton; V. Prests., Samuel Phillips, Oliver Bernier, A. M. Hart and J. B. Taylor; Sec., Mgr. and Purchasing Agt., F. E. Beaty; Treas. and Actuary, C. C. Green; Med. Dir., Dr. F. Edw. Keenan.

DIRECTORS.-Samuel Phillips, Geo. H. Stanton, A. M. Hart, Wayne W. Wheeler, Ed. Reichelt, F. E. Beaty, S. T. Cogswell, F. M. Carr, C. C. Green, J. B. Taylor, P. H. Jones, John Chandler, Dr. F. Edw. Keenan.

TERRITORY COVERED.-Montana.

STATE LIFE INSURANCE COMPANY, State Life Bldg., Indianapolis, Ind. Organized September 5, 1894.

OFFICERS.-Pres., H. W. Bennett; V. Pres. and Supt. of Agencies and Gen. Counsel, Charles F. Coffin; Second V. Pres., J. I. Dissette; Sec.-Treas., Albert Sahm; Actuary, Charles H. Beckett; Med. Dir., C. B. McCulloch; Purchasing Agent, Clarence Sweeney.

DIRECTORS.-H. W. Bennett, Charles F. Coffin, J. I. Dissette, W. C. Bobbs, Albert Sahm, R. W. McBride, W. J. Mooney, F. D. Stalnaker, H. McK. Landon. WRITES.-Life Insurance.

TERRITORY COVERED.-Ala., Ark., Cal., Col., Fla., Ga., Ill., Ind., Iowa, Kan., Ky., La., Mich., Miss., Mo., Neb., N. C., Ohio, Okla., Pa., S. C., Tenn., Tex., Va.,

W. Va., Canada.

It is a little short of a miracle of finance that, within the brief span of the business life of a single group of men who are still young, a great financial institution can be created, having over seventeen and a half millions of admitted assets and an income in round numbers of a million dollars a year from interest and rents, aside from its annual premium income of more than two and three-quarters millions. The company through which this has been accomplished by an able and aggressive management is the State Life Insurance Company of Indianapolis. Its statement of December 31, 1916, is its twenty-second annual report, wherein its total admitted assets, to give the exact figures, are shown to be $17,550,939.56. Of this $10,022,568.48 is invested in first mortgage loans, giving maximum security and maximum revenue. Its reinsurance reserves exceed fourteen millions and after providing for all liabilities, totaling $14,936,818.79 there remained a net unassigned surplus of $2,614,120.77 These figures and other facts, pertinent and interesting, will be found on another page.

The miracle-working wonders of life insurance are further revealed by certain features of the experience of the State Life during the past year. Among these are the facts that total receipts from interest and rents in 1916 exceeded death claims paid during the year by $213,464 and the total amount paid beneficiaries during the year 1916, $754,078.81, exceeded the total amount paid in as premiums on the policies affected, $275,206.86, by $479,871.95.

The State Life has adopted as a slogan the aptly descriptive phrases: "The growth of oak the solidity of granite." This is indeed a happy combination of ideals and the history of the State Life is exemplifying the standards thus set. Already it is looming high among the giant life institutions of the country and has so built for the future that its advancement and growth from now on will steadily accelerate.

Vice President Charles H. Coffin is one of the best known life underwriters in the Middle West and holds the important post this year of president of the American Life Convention, the organization of the young and strong companies that has done wonderful work in the past twenty years in raising the standard of life insurance among the companies of that section, to the highest point of strength and efficiency.

Vice President Coffin has always stood uncompromisingly for the principles of unquestioned integrity in company administration and strict accountabilty to policyholders. In this course, as a member of the American Life Convention, he has gradually and surely acquired a unanimous following, to such an extent that the fact of membership in the convention is now a "certificate of good health" to the numerous companies composing it.