PAGE. PRESIDENT EDWARD M. NEEDLES ............................ Frontispiece HOME OFFICE BUILDING. ........................... I JOHN W. HORNOR. ................. xv HENRY C. TOWNSEND. ....................... xvl DANIEL L. MILLER. ....................... xv" JAMES TRAQUAIR. ........................ xvnl HORATIO S. STEPHENS. ........................ xlx SAMUEL C. HUEY. ........................ xx VICE-PRESIDENT HARRY F. WEST. .................................. I TESTIMONIAL TO PRESIDENT NEEDLES. ............................... 22 CLERKS OF THE PENN MUTUAL LIFE, MAY 23, 1897................... 32 COMMITTEE ON FINANCE— Aaron Fries, James Butter-worth, Richard S. Brock, Atwood Smith, N. Parker Shortridge................................... 44 COMMITTEE ON CLAIMS— William H. Rhawn, John H. Watt, George K. Johnson, Benja- min Alien, Tattnall Paulding.................................. 56 COMMITTEE ON AGENCIES— Ellwood Johnson, Samuel B. Stinson, Charles J. Field, Robert Dornan, W. Beaumont Whitney, Lincoln K. Passmore, Jr...... 68 COMMITTEE ON PREMIUMS— Benjamin Alien, George K. Johnson, Aaron Fries, Benjamin Rowland, Frank Markoe, James Bosler........................ 80 COMMITTEE ON ACCOUNTS— James 0. Pease, R. Allison Miller, Frank Pyle, Harry Rogers, Robert C. Drayton, Noah A. Plympton........................ 92 VI LIST OF ILLUSTRATIONS AND PORTRAITS. PAGE. MEDICAL COMMITTEE— Noah A. Plympton, John C. Bullitt, Atwood Smith, Charles D. Barney, Robert Dornan, Benjamin Alien....................... 102 PARTICIPANTS IN THE FIFTIETH ANNIVERSARY— F. A. Kendall, R. Allison Miller, Henry I. Pineo, J. Edward Dur- ham, John J. McCloy, George William Rhawn, William L. Lott, A. A. Walker.................................................. 114 PARTICIPANTS IN THE FIFTIETH ANNIVERSARY— Calvin S. Smith, Simon Wolf, W. E. Brown, J. W. Iredell, Jr., Joseph W. Pressey, Darwin Barnard, Louis H. Stephens, Cun- ningham Hall................................................. 126 PARTICIPANTS IN THE FIFTIETH ANNIVERSARY— S. A. Stockwell, Julian Schley, Edward Bourne, Gilbert A. Wat- kins, Edward H. Hart, George L. Bahl, Joseph A. Goulden, Robert B. Raney.............................................. 140 PARTICIPANTS IN THE FIFTIETH ANNIVERSARY— H. Toulmin, M.D., James C. Biggert, Jacob Leithmann, Henry H. Marot, W. W. Macomber, Oliver P. Rex, M.D., H. C. Bag- ley, Charlie Thaw............................................. 154 PARTICIPANTS IN THE FIFTIETH ANNIVERSARY— Frederic H. Garrigues, John W. Hamer, Jesse J. Barker, J. All- son Scott, M. D., Joseph H. Harrison, Henry C. Lippincott, Albert G. Compton, George L. Root.......................... 166 PARTICIPANTS IN THE FIFTIETH ANNIVERSARY— William M. Bunting, John Howard Jefferies, John R. Fell, Charles W. Gould, Henry H. Hallowell, J. S. Land, Samuel B. Huey, Ezra De Forest........................................ 176 PARTICIPANTS IN THE FIFTIETH ANNIVERSARY— Meyer Harrison, William H. Kingsley, John Humphreys, A. C. Phelps, Horace J. Philips, John E. Colt, John F. Brown, E. L. Harmon, George French...................................... 186