December, 1932 



THE I. A. A. RECORD 



Page Seventeen 



Declares Country Life 



In Excellent Condition 



SI;.-,- 





'"■■■ >■'■'. 





Actuary Points Out Favorable 



Position of Company For 



Future Growth 



"Country Life Insurance Company 

 is in probably the most liquid con- 

 dition of any life insurance com- 

 pany in the United States," L. A. 

 Glover, consulting actuary, said in 

 a brief talk before the monthly 

 meeting of the board of directors 

 November 18. 



"You were very fortunate in start- 

 ing the company when you did," 

 said Glover. "You have avoided 

 the difficulties most other com- 

 ; panies are experiencing. Country 

 : Life Insurance Company has been 

 built on a sound foundation and 

 you are in a very favorable position 

 to go ahead. 



"Your business has been sold on 

 a sound basis judging from your 

 experience in keeping policies in 

 force. Most of your policies are 

 small and the premium payments 

 are generally within the ability of 

 the policyholders to meet them. 

 Companies which have sold large 

 policies based on inflated income 

 are having difficulty in keeping 

 such policies in force." 



A. R. Wright, chairman of the 

 , Finance Committee, who, with the 

 ■ Treasurer, R. A. Cowles, has largely 

 directed the purchase of securities 

 for Country Life and other asso- 

 ciated companies, announced that 

 none of the securities of the life 

 or auto insurance companies are in 

 default in either interest or prin- 

 cipal. 



The Country Life directors de- 

 clared a dividend of 10 per cent on 

 the capital stock of the company 

 to take care of preferred dividend 

 ' requirements of the holding com- 

 pany due on December 19. 



The board also authorized that a 

 discount of three per cent per an- 

 num be allowed on all life insur- 

 ance premiums paid in advance by 

 policyholders. 



Country Life Insurance Company 

 ks now retaining risks without re- 

 insurance up to $10,000 exclusive of 

 the double indemnity. As a result 

 of this action larger risks are being 

 scrutinized more closely than ever 

 by a risk committee composed of 

 the medical director, the actuary, 

 the active manager and counsel. 



Manager L. A. Williams reported 

 to the Board of Directors that ac- 

 quisition for October was $1,122,000, 

 and that the paid-for business for 

 the year would approximate TEN 

 MILLION by the end of December. 

 He reported business coming in 

 from every County in the State with 

 one exception, announced agents' 

 sales meetings at Centralia, De- 

 catur, and DeKalb, for November 

 28, 29 and 30, at which final prep- 



arations for the December 10th 

 Achievement Day Jubilee were to 

 be given out. 



Mr. Williams anticipates that 

 Country Life will be one of the few 

 companies in the United States to 

 make a gain for 1932 in life in- 

 surance in force. He reported cred- 

 itable persistency of business for 

 the year and that premium income 

 for 1932 would be nearly a million 

 dollars. 



Black Elected V. P. 



Anti-Thief Association 



CHAS. S, BLACK 



Charles S. Black, I. A. A. director 

 from Jacksonville, was elected na- 

 tional vice-president of the Anti- 

 Horse Thief Association at their re- 

 cent annual meeting in Perry, Okla- 

 homa. Mr. Black is also a member 

 of the executive 

 committee of the 

 Illinois d i V i sion 

 which he served 

 two years as presi- 

 dent. The Illinois 

 division held its 

 annual meeting 

 recently at Litch- 

 field where Presi- 

 dent Earl C. Smith 

 of the I. A. A. 

 made the chief 

 address. 

 Charles McDan- 

 iels of Macon county is national 

 secretary-treasurer of the organ- 

 ization, and Sydney Holben of Edin- 

 burg in Christian county is state 

 secretary. 



The Anti-Horse Thief Association, 

 recently changed to Anti-Thief As- 

 sociation, was organized in Clark 

 county Missouri in 1854 by Major 

 David McKee and his associates. It 

 now has about 40,000 members lo- 

 cated in Kansas, Oklahoma, Mis- 

 souri, Iowa, Illinois, Arkansas, New 

 Mexico, and Colorado. 



It is both a detective and protec- 

 tive order. If property be stolen 

 from any member, the organization 

 seeks to recover the property and 

 capture the thief. Its motto is "Pro- 

 tect the innocent; bring the guilty 

 to justice." 



The order works hand in hand 

 with law enforcement officials, and 

 in many communities is so well or- 

 ganized that thievery has been 

 practically abolished. 



Annual dues regulated by the 

 local lodge range from $2 to $3 a 

 year. Full information about the 

 organization may be had by writing 

 the state secretary at Edinburg. 



It is estimated that there will be 

 5,000 fewer automobile deaths this 

 year than in 1931. A smaller num- 

 ber of automobiles on the road 

 coupled with more sober living and 

 thinking are given as reasons for 

 this decline. 



Rich-Law Service 



Pays 20% Dividend 



350 Attend Annual Meeting? of 



Lawrence County Farm 



Bureau 



THE Rich-Law Service Company 

 operating in Richland, Law- 

 rence, Crawford and Jasper coun- 

 ties voted to pay a twenty percent 

 patronage dividend on major prod- 

 ucts and a fifteen percent dividend 

 on other products at the annual 

 meeting of the company held at 

 Olney Oct. 27. 



The total amount set aside by the 

 company for patronage refunds was 

 $9,933.44 according to Leslie L. 

 Miles, manager. This was an aver- 

 age refund of $13.09 to each Farm 

 Bureau member patron. The larg- 

 est patronage refund check was for 

 $468.40. Five patrons received 

 checks of $100 or over and 22 re- 

 ceived checks of from $50 to $100. 



This dividend was declared after 

 a 7% dividend on Class A Preferred 

 stock had been paid, a considerable 

 deduction for depreciation of equip- 

 ment allowed, and a substantial re- 

 serve set up. 



THREE hundred and fifty persons 

 attended the annual meeting 

 and dinner of the Lawrence County 

 Farm Bureau held at Lawrenceville, 

 Thursday November 3. L. A. Wil- 

 liams, manager of Country Life 

 talked to the group immediately 

 after the noon hour. Considerably 

 over a million dollars of Country 

 Life policies are held in this coun- 

 ty. Williams emphasized the need 

 for truth as a basis of modern busi- 

 ness with his main theme the value 

 of group effort. 



The dinner and afternoon meet- 

 ing were held in the Chamber of 

 Commerce building. The morning 

 meeting which consisted of reports 

 of the activities of the Bureau was 

 held at the Court House. Members 

 of the board of directors elected to 

 serve for two years were H. O. Ted- 

 ford, Thomas Finley, H. R. Neal, 

 Edwin F. Schrader, Charles Saums 

 and Harry Warner. Three members 

 of the board, R. C. Cunningham, 

 Benton Haines and Ralph Zehner. 

 hold over for another year. 



University of Illinois On Air 



Daily Over Station WILL 



Members of the agricultural and 

 home economics staff of the Illi- 

 nois College of Agriculture are 

 broadcasting daily except Sunday 

 over the University station WILL, 

 reports Joe Wright, director of pub- 

 licity. 



All of the agricultural features 

 are broadcast during the noon-day 

 period from 12:00 to 12:15. 



WILL operates on a wave length 

 of 890 kilocycles. 



