The company carries in its assets deposit premium notes
which represent the total amount of the premium under
either a one, three or live-year policy. The applicant is
permitted to pay his premium in annual installments, one-
third of which is clue within thirty. sixty or ninety days
after issuance of the policy, the balance of the premium
being divided into equal payments for the remainder of
the policy period. The company makes no interest charge
upon deferred payments. yet the entire face of the note is
payable to the company on demand if an emergency should
Officers.—President, Jos. Al'. Walt: secretary and treas
urer, J. S. Farrell.
Directors.—A H. Armstrong, Willard Kimball, Chas. J.
Warner, C. J. Bills, J. S. Gabel, C. E. Haynie, Jos. W. Walt
J. S. Farrell.
Income, 1919.—Gross premiums written, $613,749.53;
less reinsurance. $86.177 21; less return premiums, $46.-
502.09: total net premiums written, $481,070.23; interest,
etc., $11,409.85; other income, $97.12; total income, $492,-
Disbnrsc'eneta. 1919.- Net losses paid, $171,242.82: un
derwriting expenses, $199,801.10; dividends to policyholders,
$10,471.40; delinquent notes charged off, $8,300.34: other
disbursements, $1,774 03: total disbursements, $39d,580.69.