The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1870-02-17
MADISON Mutual Insurance Co.
From the Wisconsin state Journal.

FrOH inc WISCONSIN, SLdLc JOuTuAl.
The annual statement of this Old and
responsible company is such as will in
spire increased confidence in this popu
lar State Institution. 1t must be extreme
ly satisfactory to it's numerous friends.
It proves that the company hclds its rank
in public confidence, that it is sound to
the core, and is performing with fidelity
its mission of protection to it's members.
While the number of policies issued in
1869 tails little short Of the number the
wear previous, the income of the compa-
ny exceeds that of 1868 by $13, 732.00, ex-
Guiding premium notes. This, consider
ing the general stringency of the times
when all business has fallen off largely,
is most gratifying result. The falling
offin the number of policies issued is ac-
counted for, in a great degree, by the
immense decrease in hop risk. This
class of risks were very numerous in 1868,
and but few in 1869.
The cash income of the company for
the year 1869, exclusive ofpremium notes,
was $141, 1876. The amount paid for
losses was $8S,27764. Of this amount,
1851 81 was paid on losses Of 1868, but
not reported in season to be adjusted in
that year. The amount of losses report
ed in 1869 was about 81 900 less than was
reported the previous year.
The total assets of the company, inclu-
ding premium notes, is $1,436, 966 10.
Cash assets, $265,501.76, This gives am
pie evidence of the perfect soundness of
the Company, under any circums ances.
1t gives entire assurance of the ability to
meet all obligations without resort to
the annoyance of making assessments
upon premium notes: and insures its
members at the lowest possible rate.
The success of this Company has been
rem arkable. From the first day of its
organization in April 1, 1851 to the pres
ent time, it has always been prompt and
honorable in meeting all Of it's obliga-
tions. Its credit has never been doubt
full, but always of the very best This is
largely owing to its straight forward
manner of doing business. L has kept
on in the same manner free from con
slant change of it's system of operations.
When ever any system is found to work
badly, it is OF course abandoned but the
general plan upon which the company
started, with such prudential changes as
experience has Indicated has been pur-
sued during the many years it has done
business. Its abject was to make cheap
insurance to the people, and to deal fair
ly and honorably in all things.
This ruling object has been adhered to
SO long by the Board of Directors, that
the fullest confidence in the integrity of
of the management of the Company has
been established.
| Twelve years have now passed since
an assessment upon the premium notes
has been made; and from the present
condition of affairs there is not the
slightest prospect of there being one in
the future. This is success unpre-
cedented, and Of which the Directors of
the Madison Mutual have a right to be
proud. We are certain that there is no
company to be found in the country that
affords so cheap insurance to its patrons
is SO reliable in all things, so prompt
in meeting all obligations, and so we'll
deserving Of the patronage of the people
of Wisconsin, as the Madison Mutual
It's board of Directors are selected from
the most substantial and prudent bust
ness men in the State, representing every
section of it, and they discharge their
duties in such manner as entities them
to the thanks of the people of Wiscon-
sin. We bespeak for The Madison Mutu-
al a long career of usefulness