The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

"e" Phutrnrerr-eocia-r.tuwttta-titgtartrd si."," B-ine-isle-Ona-an-tuc.-.-- it Save- Yenn but the Ontario Hutu] We. Now the t) Mutunl Life 9! (huh. Organized Ink: WI. " he. meh-re-ah-ini- Lilo Started In 1880 with Thomas Hilliard, its Founder. at Mu-rs-ah. PM: "A1.thePtalct-ue-u-asmaaarrre. was Mea of their day. " Waterloo COIN. have and. Ram Growth and But-m in Force Today Total. Many mmdredr, of I!!!“ of Dollars. Ono-ml In 1875 some of the Directors of the Waterloo Mutual Fire Insurance Company decided that there was a broader field for Fire Insurance backed and secured by a paid up stock capital than on the purely mu- tual system and founded the The North Waterloo Farm- ers' Mutual Fire Insurance Company was founded in 1874 for insurance of farm property only. It confines its business to Waterloo County and a limited district adjacent thereto, and has been quite prosperous, having assets of about $200,- 000. The first Insurance Company to be started in Waterloo was the Waterloo Mutual Fire In- surance Company which com- menced business in 1863, under the management of the late C. M. Taylor, who Was its pro- moter and retained the manage- ment till his death in 1899. The Company employs a staff of about 20 persons at its Head, Office, has acquired assets of about $1,700,000, and has al- ways held the regard and con- fidenee of the community due to the strict integrity of its man- agement. Waterloo Holds IliihtmrRiitttiit In? _ fifiagé‘fomg . - W Home of 81); Insurance Gompanies 't,'i?i1iCeir1i11telit,i'1t But there is one fact in re- spect to which Waterloo occu- pies an unique position not only as regards other towns in Can- ada, but elsewhere. For Water- loo is the only town of its size, or anywhere near its size, in the wide world, which is the home of six distinct Insurance Com- panies. all of which are success- ful and prosperous, and no such Company ever started in Waterloo has failed. 1 In comparison with other towns of its size, whether in) Canada or the United States, the Town of Waterloo, Ontario, makes a favorable showing in respect to the number, magni- tude and variety of its manu- facturing industries, their steady growth and prosperity and the friendly etroperation of employers and employees. The high standard of comfort en- joyed by the average citizen as shown by the excellence of the homes of the people is also worthy of mention. INSURANCE MAKES MMENDOUS STRIDES IN PAST 68 YEARS; TOTAL LIFE INSURANCE ",259,932,426 Pro-Mon! Mum-I Li fe, R. o. McCULLOCH M. ' SMITH arqtThq olC-Ih. I W. (L "lam. Equitable Lilo M VIC-Io. - "I. [low-e0 ‘Bowman as President and those who succeeded them the Com- pany made steady progress and now has an annual income of over $280,000,000, has business in force of over $535,000,000 and holds assets for the pro- tection of its policyholders of over $152,600,000. It gives employment to about 360 per- sons at the Head Office besides many hundreds of agents throughout all parts of Canada. An addition to its Head Office was completed in 1927 at a cost of half a million. The Head y The first Life Insurance Com- _ pany to be started in Waterloo was the Ontario Mutual Life Assurance Company. An in- teresting requirement in con- nection with the granting of a charter to the new Company was that it secure 600 pro- visional policyholders before business could be commenced} This was accomplished in 1869 under the leadership of Moses Springer and in February, 1870, the Company began business with $500,000 of insurance in force. In 1878 a Dominion charter was secured and in 1900 the name was changed to The Mutual Life Assurance Company of Canada by Act of Parliament. The Company has the distinction of being the only mutual life company in Canada. The promoters were chiefly directors of the Waterloo Mutual Fire Insurance Co. Some of the leaders were I. E. Bowman, M.P., who held the office of President from 1870 to 1897, father of the late C. M. Bowman, ex-M.P.P., until a few years ago Chairman of the Board, Moses Springer, Dr. Walden and Cyrus Taylor. After some initial steps had been taken they secured the services of the' late Wm. Hen.. dry as General Manager, under whose management with Mr. W. H. SOMERVILLE ' General "In." " the Mutual Life T Ann-mne- Company. Mercantile Fire Insurance Com- pany which carried on business successfully for a number of years, when it was amalgam- ated with another company and the head oMee was afterwards, removed to Toronto. organizing the Company of which he was appointed man- aging-director. Valuable aid in selling stock and getting the Act of Parliament‘put through was given by Messrs. Innes, Jr.P., Bowman, M.P., Trow, M.P., McMullen, M.P., and Car- gill, M.P. These gentlemen, with a few others, constituted the first Board of Directors. The total cost of organization, jnehsding stationery, necessary 'printed forms, cost of Act of Parliament and cost of sale of stock totalled $1,238. This is but a sample of the economy which has characterized all the insurance companies in Water- loo. The Dominion Life has now about $160,000,000 of busi- ness in force, net assets of about $32,000,000, employs about 130 persons at Head Office, besides hundreds of salesmen in all parts of Can- ada, Newfoundland, Jamaica and the State of Michigan. The present officers are: President and Managing Director, Ford S. Kumpf; 1st Vice-President, E. F. Seagram; Secretary, J. K. Pickett. Thirty-one years elapsed be- tween the founding of the Do. Twenty years later, in 1889, the Dominion Life Assurance Company opened its door for ibusiness. Amongst those in- teresting themselves in the formation of this Company were Messrs. Simon Snyder, John Shuh, Chr. Kumpf, and Thos. Hilliard. The latter undertook the task of_selling the necessary stock, getting the charter through Parliament and F. S. KUIIPP Pro-kin! Ind Ming-Director of the Dominion LMo Aunt-nu Cit-puny. McCulloch; General Manager, W. H. Somerville; Assistant General Manager, A. E. Peque- gnat; Secretary, H. M. Cook. Oftiee now represents a. value of about $1,300,000. The present [Ana-.11“ TMOS.MtuaAMD Oil " to M. d It. _imB.ruoth-oethoFo-oethogt.-go.ugo MID-mom. F. H. “I. . J. H. woons In." of the Which. MIN-l "-htoeietor K. W. Fur-pr Hutu-l This completes the list of Insurance Companies whose Head Offices are in Waterloo, but may we be permitted just to mention in passing the existence of another financial institution which, though not an Insurance Company, yet owed its inception to the fact that in 1912 the Directors of the Dominion Life found them- selves embarrassed by their in- ability to supply funds fast automobile insurance, and con- tinues to gain steadily in vol- ume of business and resources. The Merchants Casualty In- surance Company came to Waterloo in 1924, being brought to this town by some of our leading financial men. Mr. E. F. Seamm is President, Mr. J. C. Haight, Vice-President, and Mr. R. E. Pgterson is General Man.. ager. As its name indicates it speciilizes in Imsimuteeuurainst sickness' and accidents an! than any of its predecessors, and that without impairing its capital or endangering its solvency. The present omeers ave: President, R. L. Ralston; General Manager, M. J. Smith; Secretary, H. Powers. minion Life and the next en- trant into the insurance group in Waterloo. The Ontario Equitable Life, under the guid- ance of Mi. B. C. Tweed, opened ‘its doors for business in 1920. It achieved success with un- usual speed. It absorbed the policyholders' Mutual of Toron- to and later the Re-Insurance Company of Canada, and in the brief space of seven years had in force $35,000,000 at risk. This Company has branches in, all provinces of Canada. It has- the distinction of having se- cured a considerable volume of business in much shorter time Am Managing Director of the Merchant. Casually Insurance Company. R. E. PATTERSON ands-m. Cong-y. Coup-y and - Tran P. V. wagon Mu Dir-2hr ol the Wand. Tran Pruldon! Merchant. Casually Insuranc- Comer, m Vice-Pruldc-I Dominion That tremendous strides have been made in the past 68 years is seen when the total insurance in force today of $6,259,932,426 is compared to that of $15,000,- 000 in 1867. The total ordinary and indus- trial life insurance busine§a in force at the end of 1986 was $5,750,343,915 while group in- surance totalled $609,888,611. Waterloo life insurance com- ponies have added thtfFtuoth to ordinary and industrial life insurance written in Canada by Canadian, British anr foreign companies, which at the end of 1935 reached the huge total of $570,444,618. In addition there is group insurance which to- talled $17,903,993. . This completes the list of Financial Institutions having their birthplace and home in Waterloo, and we believe justi- flea its claim to be the only town of its size in the world which can show such a record. President is E. F. Seamm, and P. V. Wilson is the Managing Director. million um, should he author- Waterloo County il fortunate bed to organise such 3 Com.. in having right It home an in- my and almost all of the stitution where sound inatruer Dlrectors subscribed for sub- tion leading to the dew of stantial abouts of stock. The Bachelor of Arts and Bachelor result was the establishment in of Divinity ia available. The 11913 of the Waterloo Trust and Evangelical Lutheran Beminnry Savings Co. It has a paid-up of Canada, situated in Water- capital of $1,400,000 and its loo, offers complete courses to business totals $16,000,000. It the KA. and B.D. dogma. has four branehetr--kitchener, The Seminary was founded Waterloo, Gait and Preston. in 1911 and is the only Luth- Besides the Loan and Savings eran Seminary in Canada east business it does a large and of the prairies. In 1915 water-; rapidly growing Executor busi- loo College School was started noes, managing very eiBeiently preparing students for uni- and at small cost the estates of varsity matriculation, and in persons who employ its services 1924 Waterloo College was by nominating the Company foumzed offering 'tfi',',',',"','), "It, either as sole executor or eo- versi y course ntt to e executor in their wills. The Bttlr1oro/frtss feet., 23 . I a . A8 ' liaifi'v': :', ' ‘Illht be nut in some measure. It was decided that It. Thou. Hilliard. Founder of the Do- minion um, thould he Author- hod to organize such 3 Com.. 1atnrteteatrqrttttrtmGtet Ulf. Annruc- (to-my. . T . On August 27th of the year " _ $ltr:l, mentioned the late Wm. Hy. ' " . 'ge. Vis? T Peterson issued the "Canada L. "ral' T ' Museum and Allgemeine Zeu- b":,rs.j:,isr".d, . f: tang". It was printed in Ger- F _ 'a a J _ man. In IMI when Mr. Peter- 'tLi" . P' " ”on was appointed Registrar for ', ir .,'A I? Wellington District out of wvhich were later formed the ", liiiiiiid of Wellington, Water-l . {loo and Grey, the plant was ik. Lk ’ Itaken over hy the late idiirr) ‘3??? ‘Ehy, son of Bishop Flhy, one " - "‘““‘“ ' ‘the founders of Berlin. Mn! m:;:lm.m Tm. Eby re-christened the paper “mg-q. ["Deuucher Canadier". The] E. F. SHAW WATEILOO COLLEGE AND LUTHERAN SEMINARY (Continued from Page 37) Journalism in Waterloo County had its beginning in Berlin (now Kitchener) in the year 1835, eighty-three years after the founding of the first Canadian newspaper, The Gazette, at Halifax, N.S. Starting originally as a gen- eral insurance agency, real estate and conveyancing de- partments have been added as the business expanded with in- creases .in the office personnel and equipment. Special atten- tion is paid to the drawing of wills and deeds and to the ne- gotiation of loans and mort- gages. CENTURY OF JOURNALISM IN WATERLOO COUNTY A. Jr. Cressman is a familiar figure in insurance and real estate circles in Waterloo and in Waterloo County. The busi- ness which he has operated successfully for twhsntreight years was founded by himself on December 1, 1908. offices are located at 102 King Street South, owned by Mi. Cressman, in the same place where the first day's business was trans- acted, but the original building has been replaced by a modern block consisting of office, gro- cery store on ground floor with apartments above. A E. Cressman Completes 28 Years in Real Fstate Business Growing Business Wai, Found- ed on December 1, completely itmtitied the plans of the founders to meet the constantly increasing need of native pastors for the Evan- gelical Lutheran Church in Canada and to give Waterloo County a seat of learning where the highest ideals of education would be realized. The scope of the Seminary was broadened in The success of the Evan- gelical Lutheran Seminary has Wand» College Offers . Full Course To u. uett.etiyyrirry_treurtiti--a-innrrruamud In 1011. Call... In 1915, and Art- W in 1924 when All!“ with Ulivudty of Walter. Ontario. 1908. Morgenstern (morning star) was the second paper-also German-to enter the field in 1839. It was conducted by the late Benj. Burkholder from his father's farm one mile north of ‘Waterloo. After two years of struggle for existence it ceased publication in 1841 when it was merged with the Canadier. In 1849 another German news- paper was started at Preston. It was followed by the Volks- blatt at New Hamburg, the Bauernfreund of Waterloo, which flourished for 60 years, the Elmira Anzeiger, the Deutsche Zcuting. Kitchener, and the Berliner Journal. The last named ‘paper was estab- lished by Friedrich Rittingcr and John Motz in 1859. It was very successful, in later years With Mr. Cressman now is associated his son, W. Gar- field Cressman, who has been identified with the business for some thirteen years. From 1920 to and including 1926, Mr. Cressman served as a member of the Waterloo Water and Light Commission and was President of the Waterloo Board of Trade in 1924, 1925 and 1926. The Rev. Dr. Frederick B. Clausen is President of the Col- lege and Seminary. Willis C. Froats is Dean and R. J. E. Hirtle is Registrar of the Col- lege. The buildings and grounds are ideally situated. The cam- pus itself comprises eleven and one-half acres. The main building is a large four-storey structure containing adminis- trative rooms, the chapel, li- brary, reading room, complete- ly equipped gymnasium, labora- tories, lecture and assembly rooms. A dining room and a dormitory accommodate about fifty students. Tennis courts and the fine Seagram Memorial rugby field give additional opportunities for recreation. Tuition fees, rates for board and room in these institutions are remarkably low. 1925 when the Faculty of Arts became an affiliated college of University of Western Ontario and a general university course was provided. (Continued on Page 40)