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Show LIFE INSURANCE A SACRED TRUST. Responsibilities of Officers and Directors. Di-rectors. Evidently President Klngsley of tbo Now York Llfo Insurance company has learned tho great lesson of tho times with respect to tho responsibility responsibil-ity nnd duty of directors of corporations. corpora-tions. Speaking to tho now board of trustees, on the occasion of his election elec-tion to tho presidency, ho emphasized tho fact that "llfo Jusurnnco is. moro than a privnto business, that llfo Insurance In-surance trustees aro public servants, charged at onco with tho obligations of public scrvico-and with tho responsibilities respon-sibilities that attach to a going business busi-ness which at tho samo tlmo must bo administered ns a trust." Ho also realizes that similar responsibilities respon-sibilities rest upon tlio officers of tho company. "I understand," ho says, "your anxiety In selecting tho nion who aro day by day to carry this burden bur-den for you, who "are to discharge this trust in your behalf, who aro to ad-mlnlstor ad-mlnlstor for tho benoflt of tho people involved tho multitudinous and exacting exact-ing details to which it Is lmposslblo for you to give personal attention. My long connection with the Now York Life covering nearly twenty years my servico In about every branch of tho company's working organization, gives mo, as I bellovo, a profound appreciation, ap-preciation, not merely of the heavy burden you havo placed on my shoulders, shoul-ders, but of thestandnrdsof efficiency, tho standards of faith, tho standards of integrity, which must bo maintained main-tained at all times by tho man who servos you and the policyholders In this high office" Heat o( all, porhaps, he feels that words nre cheap, nnd that the public will be satisfied with nothing short of performance. "My thanks, therefore," lie continues, "for an honor which outranks out-ranks any distinction within tho reach of my ambition, cannot be expressed In words; they must be read out of tho record I muko day by day." |