Smyrna times., 1869-01-20

cSSACAS nave LccOWe u nuisance.
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OCR CORPuRAUONS.-Ihe Kent County
Mutual Insurance Company held their annual
meeting at the oifce ofJ. 5. Huntington, Esq,
Ill this town, on Monday last, 18th. The reports
submitted ny the Secretary and Treasurer show
ed the Company to he in a very prosperous
condition aud proved to be entirely satisfactory
u the policy holders present. As shown bv
the reports tnIs Company have property inSur-
cd amounting to near 3,UOO, 900. and a cash
surplus carried to their premium fund of abont
Soo'Ooo' beside Deposit Notes, amounting to
hear S3)0.O0O, TO meet any losses the Com
pAny may sustain. Ihe losses by fire during
the year IS6S were only $4OO.
For Sc veral years this Company has been so
fortunate as to be embed to pay to the policy
holders an annual dividend of ten per cent
An election for officers to serve the mr., sant
year was al lSo held which proved to be quite
spirited aud sharply contested, owing to much
dissatisfaction among many of the policy hold
"rs with the Secretary, Geo. B. Dickson. Rh,
they assert manages andcOntrols the whole of-
lars Ot the Company, even to the election Of
the Officers. Many Of the policy holders had
determined to get rid of this incumbent hut
Us at former elections, he proved to be too
strong for them. and by the aid of his mock
cts iuli OF proxies and possession of the books
OF the Company, he elected the whole board
of Directors. 1t is believed the affairs Of the
Comp ny would be much better managed with
more suitable and efficient man in the place
OF Mr. Dickson, but like the seven years itch.
he is difficult to get rid of.
Mr.. Dickson fattcns on office. and we bcl;nvo
holds not less than FIVE or six at this time. be
ing Agent for a Life Insurance Co., in PhiIa.
d'lphIa, Secretary Of the Kent County Mutual
Insurance Company, L. 5. Assessor of Internal
Reve"ue and several other Agencies.
The vote for Directors is as follows:
GeH. w. Cummlns, 1852: j. r. Clements.
1852: William Denny, 4,3j2: Geo II. Raw.
m3al, .569: Jacob Deakync, 4, 1852: Henry
Kdgely, 4,$j2: I. B. Bradford, 1852: Viii i
l-n Walker b: JAS. Prettyman, 1852: {
j.r, 27>D. All of whom were elect
ed Directors except Mr. Raymond The board
Of d rectOrs reelected Geo. W. Cummns, Presi-
dont, Geo. b. Dick son, Secretary and James
Cowgirl, Treasurer. !
The annual meeting of the stockholders of q
the Smyrna 4 Del. Bay r. K. Company was
held on wednesday last, at the Office of G.. w.
Cummns, Esq, when the following Directors |
were el;cted Ion th1 ensuing year: James II. t
! enents, John VI. Vo5helI, Jqmoq w. Snru.
ance, ID. D. Cummins Henry N Wickersban. e
Samuel Cuts and Enuch Spruance The Di d
rectors elected the following officers President. Z
-. X. Clements; Secretary, Jas. w. Spru-
Ance; Treasurer, JnO. VI. Voshell. The two n
'st names in the list of Directors are new ones I
= place OF Geo. w. Cummins, late President.
md Ayres Stockly, who were dismissed from /
he board very unexpected to all is mem 5ers h
ave two or three. When the meeting con.
'ened (Messrs. G.. and s. being absent) it was Sc
'rpPOsed that the books be opened for sub "a
Upton. whereupun Il. Spruance entered the Ii
irm of u. sDFuance & Co. for fifteen hundred =,
Mr. Cats also took fifty v
hares. 1t Was then iDnved that the meeting
% into an election, which resulted as above.
Ir. Spruance, with two or three of the old or
oard, being enabled TO control the vote of the w
)ircetdrs. There are now over $50, 600 worth IL
stock sIb-cribed The Company is author, on
sd to commence the work when this amount n;
lall have been subscribed, but whether it is ye