Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1889-05-24
THE nineteenth YEAR
ANNUAL MEETING OF THE EAST AU-
GUSTA FIRE INSURANCE co.

MEMBERSHIP, FOR THE YEAR-TREAS-
URER JOHN FIREBAUGH ONE OF THE
DEAD-REPORT OF BUSINESS FOR THE
YEAR-AN OLD OFFICER IN HARNESS
AGAIN.
&C, &C., sc.
The policy holders of the East Augusta
Mutual Fire Insurance Co., held their an
nual meeting at the Court House on Satur-
day morning last, presided over by Hon. A.
B. Lightner.
ANNUAL REPORT OF PRESIDENT
LAREW.
The following annual report of the Pres
ident, for the year 1873, was read by Mr.. R.
n. Page the Secretary:
Gentlemen:
AS we have again been permitted to meet in
annual session, allow me to submit this the
10Th annual report of the East Augusta Fire
Insurance Co.
Our enterprise during the year has enjoyed
about its usual success, and our losses for the
fiscal year have been comparatively light,
financially; but personally we have sustained
great and sad loss to the company, by the
Firebaugh, Esq, who had occupied that posi-
ton since the organization of the company.
The losses during the year aggregate exact
ly the amount of th e premiums-13 cents on
each share of stock.
The first levy of cents per share was for
the loss of Jacob Koiners barn; the second
was likewise for cents for the loss of Messrs.
Quarles and Stouts barn and G. L. Obaugh's
house, and the third and last was for the loss
of F. G. Otis barn, which was cents-mak-
ing total of 13 cents per share of stock.
We have 797 stockholders who represent
19,71S25 shares of stock.
The net liabilities of the company are
$685., 900; gross amount of insured property is
81 ,314, 533; gross amount of property insured
during the year $751; 1926.
will add that out of these leyies we paid
three other small losses for which no levy
was made.
The incidental expenses of the company
including the salaries of the President and
Secretary, will not exceed that of previous
years-which is not given in figures, from the
fact of the death Of the Treasurer which has
made it inconvenient to obtain figures, but
suffice it to say, they do not aggregate $3.50 for
the year.
We are more than sorry to report that our
mortality during the year has exceeded that
of any previous year of our knowledge. The
members who have died are as follows:
w. A. Hanger, j. E. Harnsberger,
Prof. Jno. j. Ladd, F. H. Pilson,
j. II. Dollhouse, Jas. S. HaWpe,
w. F. Strough, Jno. III. Wilson,
John Firebaugh.
The above report is respectfully submitted
to the stockholders.
j. j. LAREW,
President.
TREASURER'S REPORT.
Secretary Page said that in consequence
Of the sudden death Of the lamented Treas
urer of the Company, Mr.. John Firebaugh
there was no Treasurer's report this year
Among his papers, however, had been
found his account made up to the 18th quar-
ter, showing balance to the credit of the
company of 1901. The Treasurer S son had
promptly given check for the amount and
the account was fully satisfied.
ELECTION OF OFFICERS.
On motion of MI. J. Alex. Bumgardner
the Secretary was instructed to cast the
ballot of the meeting for the reelection OF
MI. John J. Larew, President, which was
done.
Mr. John ToWberman, who was for many
years President of the Company, was unan
imously elected to the position Of Treasur.
Ell.
Mr.. r. n. Page was unanimously re-elec
ted to the position of Secretary of the com
pany.
DIRECTORS.
MI j. Alex. Bumgardner having insis
ted on being relieved from duty on thu
Board of Directors, and Mr.. Samuel M
Donald, another Director, having removed
his residence to Florence, Ala, it became
necessary to elect two new Directors
Messrs. w. P. Mish and J. w. Church
man were elected to the vacant positions
The Board is now composed of the follow
ing gentlemen-Samuel CARRIER, p. n
Powell, Daniel Miller, Jacob Koiner, D. f
Hoover, II. B. Sieg, Samuel A. East, J. w
Churchman and w. P. Mish.
THE RECEIVERS.
The following are the Receivers-Strib
ling Springs, D. L. Snyder; Greenville ant
Steele's Tavern, J. Alex. Bumgardner
Staunton, Verona, Annex, Laurel Hill ant
Galena, p. n. Powell; Fishersville an,
Barterbrook, S. w. Patterson; New Hope
Mt. Meridian and Harriston, T. G.. Stout
Swoope's, John Waldrop; Sherando, J. D
Balsley; Hermitage, r. n. Page; Koiner
Store, w. A. Hanger; Mt. Sidney, Weyer'
Cave, Ft. Defiance and BurketoWn, DAME
Miller; Arbor Hill and Middlebrook, VIM
Mish; Moffett's Greek, III, G. Hite; Parnas
sus, j. A. Hamrick; Long Glade, Moscow
Milnesville and Stonewall, P. III. Wheeler
Waynesboro, Philip Killian; Churchville
Fl. H. Hanger; Stuart's Draft, c. II. Fox
Folly Mills and Mint Spring, f. T. Brooke
Arbor Hill, Palmer & Yates; Stover's Shol
Miss Annie Slower.
! DANGER FROM STEAM THRESHING
MACHINES.
Mr.. Daniel Miller called attention to til
danger of using steam threshers in hig
winds and said the last loss the compan
had to pay, came from that.
MI. A. III. TOWberman thought insurer
in the company ought to be required
!, have the engine stacks well screened whe
they are used in a highwind.
Col. S. A. East didn't think there W;
much danger, but if screen was effecti,
it ought to be required.
n MI. A. A. Sproul said engine stacl
without screens were always dangerous.
A policy-holder.-I have had my bal
fired by an engine with the screen on