The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1873-11-28
THN KGXS.
BEL AIR, Md, NOVEMBER %. 1873.

FARMERS MUTUAL FIRE Insurance CoMPA-
NY OF PENNsYLvANIA.-This is one OF the most
successful aud tourishing institutions OF this
kind in the country, and is recognized us such
by all the prominent insurance men of the pres
Gnt day. April 9th, 1858, charter was granted
and on May 10th, of the same year an office and
books for business were opened, with the fol-
lowing named gentlemen as officers: President
Col Daniel l.. Gchley; Secretary - III. N.
Kaufman Treasurer-John I.andes. On this
day seveniy.two policies were issued, some of
which are continued in the Company to the pres
ent date. Under this administration, which
continued one year, $50 policies were issued,
bringing the Company revenue, IN the shape
of premiums, amounting to 81, 1878 on which
business only one loss, $3.50, was sustained. AT
the close of this first year the President and See
rotary rendered their designations and Henry
Kraber and David Stricken, Esqrs., were elect
ed President and Secretary. These gentlemen
hold their respective positions to this time and
under their able management the Company has
reached its present extended reputation. The
business of the Company in its carly years was
almost exclusively Of q local character; but the
Company has gradually extended its business,
first into adjoining counties; then throughout
the State and for the last 10 or IL years cOnsid-
cradle business has been done in Maryland and
some Others of the neighboring States, so that
the Company has become known throughout
many States of the Union, though its business
has ever been confined TO but very few States.
The Directors having aimed for safe rather
than for large business, numerous applications
for agencies from various parts OF the Union
have from tiUe to time been declined by the
Company. The business ofthc Company steadi-
ly increased upon q solid basis, and now as be-
fore intimated, stands No. l among the insurance
Compp2es of America. Its present daily re-
ceipts equal two-thirds the amount of the entire
first years premiums while the number of poll
cies issued has also increased from 359 to 1856,
the number issued from January lst, 1872 to
January LIST, 1878. The total number of poll
cies issued to this date is So 1872 400 claims
have been paid, amounting in the aggregate to
1904, 159. G6, which heavy amount the Company
has ever been able to meet out gifts current re-
T73pts This Company, us its name indicates, is
&tual, but does business on both the cash and
+Autual plans. Ii has been the aim Of the Off
GERS of the Company to prevent assessments Of
their notes, and in this they have been very sue
ccssful, not single assessment having been
made from the organization of the Company to
the present tme--a fact or circumstance which
the history of no other mutual Company in the
State, or perhaps not in the Union will furnish.
y The assets OF the Company now are about
1904 900 Of which amount S1S4, 800 Is in solid
cash, mostly invested in bonds, mortgages &c.
1t is fact worthy of note that this Company
during its entire existence, has never lost one
dollar of its investments.
II we are to judge the future history of this
Company from its past record, we bespeak for
it twenty years hence, still more prominent
position among the successful institutions Of
the country. 70 all DESTROYS of having solid in
demnity, We will say secure policies in The Far
mcrs' Mutual" James Harry, Pylesvillc, is the
authorized Agent for Hartford county.