| Show NEW NW YORK LIFE FINANCES Vice le lerkins Makes a Hand all 10 on nit 0 This I Exit 1 use The vice president of ot the New ew York Life Insurance company compan George W tV Perkins baa hiatt beets been the recipient of a I great grent deal of ot criticism of ot lute late but even elen his will wi be apt to be star startled str tied by the wonderful financial shoWing Sir Mr rr Perkins made for for the tho New York uga when he ha tiled filed led his hil resignation Tho The L and latter Iatter document Is hero reproduced In financial report appears the full tul another part of ot this issue lisue tender my resignation re an As I hereby and vice president pre of ot this company member of ot the tha committee In Inso submit the tha follow following BO so doing 1 desire to ing lug concerning my service to the com COils company company while an executive pany Having passed e through nil all al the various grades of or service Including that of at nn an In gades agent In the Held field I 1 was as elected a vice Ice president of t the tha company In February lj The lle task of reorganizing the tit com corn agency department throughout the world was WIlS Immediately assigned to tome tome me mc I 1 devoted myself exclusively to 10 this for tor the tho succeeding eight years During this tl time Into the old general agency system J of the tho company was broken up cli not only In this country but In other parts of or the world The Tho middleman I Iwho tie who under that system always made mBua large In the form of ot overriding commissions was eliminated A new plan of organization known as the Which the com corn company branch system by lystel pany direct with wih the Insured and direct with the tho public was established with wih the result that new business Is II so se Sf secured cured In n in much larger volume and at a n lower loner cost anti and stays on 01 books with wills wih greater reater permanency pennan nc Various methods have been devised known us its the tOte system to pro promote promote lS mote moto the tho permanency of ot the agents connection with the company and In Increase increase crease their wih interest In 11 tue Ue quality of oC the crealo business secured This system has hn materially helped to develop a large body hotly of ot unusually men who be because their cause cau eor ot of these influences and of ot absolute faith fulth In the company have se selected selected service here b rf a a as their life work They The are thoroughly trained and equipped life Insurance men They have hava ha haen of at effort elfort out b been en n selected utter nier years of ot many thousands who have hae served the They nrc tire Individually and company compan collectively of ot enormous value alue to this company It kt l would take years yeah of ot time and a 0 n very ery largo large sum coin of ot money to re re them themA A feel Ceel omO pride In the part I have havn had In creating loma this thi organization and 11 therefore sincerely hope that In justice alike to the organization and aM the policy policyholders policyholders BIe holders nothing will wi be done dona td Id lessen le n the tho effectiveness and value of ot tho the work of ot the men In iii thin tho Hold neil When len I the firm of at J 1 P Mor Moe Morgan gan t Co It was understood between Mr r Morgan and myself m el stud and also Bio un understood Understood and approved by tile tha Ni Nev v York rk Life Ufa Insurance In company that the dual dual position should bouhl not continue however Jo ver my long loni connection with deep In Interest Interest terest In the Nov Nf York Life Lite In Insurance company made m me loath to leaVA It I es especially el UH as I 1 cams came to realize that my connection ll with the financial world wn lA lAIt of ut value to the polIcyholders It nf of the tho company and I believe beleve this II U demonstrated demon by the statement tat ment I liars hers hel helwith with submit M as to lisa tho operations of oC tho the finance commIttee P a during the th period erlo ot of chairmanship my m My ty business responsibilities already very great grent have hae e within the tho last lut few tew days ns been beds so Increased d by my election electon to executive positions In other com coin panics that I 1 ask you to accept my tny res resignation lunation ignation as of ot this date In taking this step I a desire to testify mOlt most heart heartily hear all ily ui tu tile the devotion at Iy of at my say associates on the finance Ime committee to the r inter eats and And to my obligation to thesis them for tor their wisdom and counsel coun l without which the the results result accomplished h would have hae been b en Impossible I t alco desire to express my say appreciation tion of ot tIM support accorded mo ms mont ment nt at ton till all by l y thin titis by the te oRI cars 11 of ot the tha company compon anti by bS b the tho agents agent crr world anti ond agency men the In iii accepting Mr lr Perkins resignation It II was as ns that ns as Mr Perkins Perkin I the company nail and 1111 Its It poll ioli 1 0 services which had hod touched touchet almost every phase phane ph R of ati Ufa Insurance de tie development during 16 6 years yenn and an which whirls have nOt been beon excelled In c fd Importance by hy the work of ot any of ot the company at any time the trims truo trl high tees tee express to Mr tr Perkins our appreciation of oC his hl long and singularly valuable ble services to this tha th company and we we him bins on the great gett op 01 opportunities which his ability and Integ Integrity city rity him have hac opened and ar are opal to I |
