OCR Text |
Show Beneficial Lie Making Progress One of the leading financial Institutions Insti-tutions of the Intermountaln west ia the Beneficial Life Insurance Company, Com-pany, located at Salt Lake City, Utah. The organisation of this company dates 'back to 1906. At that time a group of Utah's leading business men and financiers with Lorenzo N. Stohl, prosldent of the First National Nation-al Bank of Brlgham City, at their head, effected its organization and tho sound and rapid progress1 which tho company has since made speaks well for the farsightedness of the men who organised the company. Tha company Is now operating in ten states and therefore Its Influenco for good Is far reaching dealing as it does with thousands upon thousands of people in the intermountaln coun try. The company has Just closed another an-other year of splondld progress. For the eight years previous to the last year It has lead all other companies In new Insurance written In the state of Utah and all Indications point to this record being unbrokon up to tho close of 1917. Any investigation of this company com-pany cannot fall to reveal an altogether alto-gether sound financial condition. In accumulating tho amount of surplus It has in twelve years without ,any organization expenses and with no payments being made by stockholders, stockhold-ers, the management has displayed a raro measuro of financial acumen. What appears forcibly In looking Into tho affairs of this company Is that Its progress slnci.JOOS has been symmetrical sym-metrical and well balanced and that there has been no undue inflation in respect to any of Its gains. The wholo tone of tho company Is healthy heal-thy and Its present position betokens clever and conscientious management. manage-ment. It is a noteworthy fact that the orricoholders of the company ore ptactlcally tho samo as when the company was first organlzod. The prosldent, Mr. Joseph F. Smith, is also president of tho Mormon Church and his record as chief executive has lent additional luster to the distinguished distin-guished name he bears. Mr. John C. Cutler, former governor of Utah, and first vlco president, is chairman of tho executive committee and Is a I decidedly high class man occupying among other position that of presl-deniof presl-deniof the Deseret National Bank. Tho actlvo direction of the company com-pany has since the Inauguration of tho company, been in the bands of Mr. Lorenzo N. Stohl, second vice president and genoral manager, to whoso lnltlatlvo, enterprise and prowess of organization tho formation forma-tion or tho Boneticlal Life wob duo. Mr. Stohl Is a thoroughly experienced experienc-ed life insurance man ho was at one time associated with tho Now York Life his Immense earnestness earnest-ness and enthusiasm seem to have infected the wholo of the company's forces, and It is through his efforts that the company has secured such a high class set of agents to represent repre-sent the company. A highly competent compe-tent secretary, Axel B. C. Ohlson, and a gonerally capable cIbbb of men in the other departments of the company com-pany have contributed greatly to Ita success. The general offices are under the supervision of Leo B. Penrose as- ' ',' pH slstant secretary who has built jHH one of tho most modorn insurance of- t'l flees In the West and installed there- JH In the most modern systems in tha, TH insuranco business. AH In brief, tho Beneficial Life sym- k.4l bollzes Utah's magnificent progress, 'sl while the dauntless Idealism of the H who direct Us affairs are worthy of l tho last traditions of the pioneers of 'al our far-famed Stato. ., 2,CH |