The true northerner., 1876-03-17

furmsr's .uufsof xssHraSes csm smv.
ssc,..Asss Qrhcr.
am solicited by almost svcry raai1 }br infor-
nation as to the standing Of our Insurance
Company. The impression hes prevailed that
the company was going under-thst members
were leaving by scores, and that collapse was
inevitable. Interested parties have enlarged
upon this-have manufactured their capital TO
work upon, and men come to me with anxious
faces to know the worst as though expect
ing a disclosure that will substantiate
their fears.
Out OF the $40 names on the books, against
whom assessm ents we're due, at the tisae OF
my acceptance or the Office, but 32 have with
drawn, and many of those sent their polices by
mail without full understanding OF the sit
uation OF the company. Some had taken insur-
ance in other companies before they sent IN
their policies, and by rule OF our company
could not be relnstatod until that expired
Those who withdrew without insurance almost
ii ariably pledged to remain If the new ad-
mil.stsation made good their promises of sue
ce.,
i, @ill be seen that all those whc have with
draw, were among those who wore behind in
their assessments; and sudden change from
slow to sharp work was deemed by many as
personal insult, When it is understood that
nearly 80, 200 was to be collocted-that several
losses were still unpaid, and the parties sadly
in need Of their money, members see the exi-
gency which demanded promptness, and are
satisfied.
The new administration hsye determined on
G A" new departure" for collecting assessments.
We do not propose to itinerate the county for
the collections neither shall we expect every
member to make pilgrimage TO Paw Paw to
pay his annual assessment, We shall either
establish an agency at the several township
centers of the county or send an envelope to
each member with statement Of his indebted
ness, and request to encloce the amount and
send to this office, on receipt OF which receipt
will be returned. We.shall endeavor to so ad-
minister the affairs of the company that the
result obtained shall be, at least equal to the
average of the Farmers Mutual companies of
the State, which costs 90 cents per annum on
each S100 insured. The cost in the Kalama-
zoo county company has been less than Is
| SOh'S Oh hio ViOOS iOA tuc 10 SOaAo va 40 GA
istence.
The published statement of the Watertown
Insurance Company, taking the same class of
risks with the Farmers Mutual, show that 80
per cent. OF their income pays their losses for
the seven years of their organization.
The State Commissioners report shows also,
that the Michigan State Insurance Company,
taking the same class of risks, paid their losses
with 80 per cent of their income.
Why should farmers pay 70 per cent to east
ern capitalists to swell the profits on stock
which can be saved at home
Farmers, this Is your company. The good of
one Is the good of all. We have to-day II, 800,
600 insured. Our osses are nearly all paid
When the collections are all in, we are in as
! good shape as we ever we're. We shall en-
deavor to so conduct the enterprise, that those
who have withdrawn will have as great anxiety
to return as they exhibited haste in leaving.
New members are ineurng nearly every day
and old members enlarging their insurance
with the company, so that we hold our Own
since ebruary 1st. | shall consider it q favor
to have members call at the Office, where will
cheerfulIy lmpart all the information am able
to furnish
Paw Paw, March 10Th, 1876.
\. c. GLIDDEN, Secretary.