Show pi 90 71 I 1 akl W I 1 71 1 tv YA Z ka 4 M I 1 ly IN RA R A OEM UM at g V A alti LORENZO N STOHL who is the new general manager 0 t f the beneficial lite life co bishop lorenzo K N stohl of this city was honored again last week in being made the general manager ot of the beneficial life insurance co of j salt lake city the position came to bishop stohl entirely unsolicited and in fact wholly unexpected as there were a number of other strong financial persons who wore were looked upon as very good timber for or the gen eral cral and so when air stohl was notified of his appointment liis ills surprise was great this high honor undoubtedly comes to bishop stohl on oil the ground of pure merit for he it was who first conceived of the plan of organizing a home life insurance company and he it was who went out and secured the necessary subscription filin prominent money men and effected the organization ai it t ca came me about t in in this wise sir air stohl had been writing insurance tor for a number of years when lie he became identified with the continental life insurance co a semi local organization acting as district manager of northern utah ile he had an all opportunity to see the enormous amount of business which was annually being taken from this state and adjoining states anti and poured into the coffers of big eastern capitalists the thought struck him that a home life insurance company oni pany ought to be as profitable is as a foreign one and at the same time a home company would bo be able to write better policies and all the money would be kept here to be distributed again among the people of the state late the bishop told ills his plait to apostle rudger clawson first who immediately became interested and encouraged him to work it out A prominent business birin of the state was next approached but the scheme was not taken to very kindly and mr air stohl felt a little discouraged then the String liam boys john and N 0 were asked how hov hey would like to be associated soc socia ted in organizing such lucli a company they literally jumped itt at the chance this trio was in fit logan at the time little so they all boarded the next train for or salt lake and waited on president joseph F smith bishop stolid stohl outlined his plan of organization to pres prea smith and was given every encouragement entourage ment and ad used to go right out and see how low much stok could be subscribed lor for business men who were approached were more than eager to take stock in the big life insurance company so tile result was that within a very few days worth of stock had been sold and an organization was effected every dollar of the capital stock was paid for at the rate of cents on the dollar and the officers of 0 the c company were composed of men whose chobe business integrity and honesty were beyond berid yo rid question from that beginning four years ago may alay the beneficial lite life insurance company has grown to he be one of the toie most business institutions in this state and in fact this whole western country for its a agents ants tire 1 0 c almost aln lOt every village e and town of oe utah and the adjoining states the following Is a comparative para tive statement showing tile the development of the business bu during the few years of its life 1905 income assets insurance lit in force 75 1906 In income inyonie conie assets 14 insurance in fit rot foice ce 1907 In income conie 10 3 assets iga 1405 insurance in fit force 24 1908 income assets insurance in ili fo force ace mr stohl Is recognized by the big business raon men of this state as a man of gibat ability and the hie fact that it he lias has been appointed general manager of this large concern is abundant testimony of the confidence repose reposed lit in him ile he will continue to make inake his home in this city however the dishop bishop is not alone in sharing this his honor but ili his home colue city and this whole county aie to be congratulated tula teI upon the select selection log of one of their sons to head one of the he greatest business concerns coi Korns in tile the state I 1 i the other officers ol of tile the coul company pany are joseph P smith president john 6 C autler cutler 1st ast vicc viceL president lorenzo N stohl 2nd and vice president executive committee john C cutler chas W V nibley lorenzo N stohl R W V young john String liam |