March 14, 2006

Dear Friends,

Wellington “Duke” Eler passed away on March 7, 2006.  Duke was president of State Capital from 1967 to 1985.  He is remembered by many in the industry as a genuine leader and a true gentleman.

I certainly knew my grandfather much better in his role as grandfather than I did in his role as president of State Capital.  I have, however, heard many stories from everyone here about how he led the company.  He was meticulous with details and organization and had a long memory for dates, places, and people.  In fact, some of his notes and files are still relied upon and appreciated here today.  What is truly remarkable is that even today many employees here still fondly remember the day that Duke hired them, which means we are still enjoying the benefits of his knack for finding talent.  State Capital is a company rich with history and Duke was a significant contributor to its existence today. 

My grandfather remained interested and supportive of the present and future of State Capital until the very end.  I look forward to working to see that State Capital continues in a way that would make him, as well as my father proud.  All of us here at State Capital thank you for your continued support.