Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1889-01-17

Fifth Annual Meeting at Piankinton Of the
u II - Associations.
IPlankinfon Special, ILL.,

lPlankinion Special, ILL.,
The fifth annual meeting of the Farmers Mu-
tual Protective association has just ole sed the
most memorable gathering in the history of
this now famous insurance organization. The
meeting was married Throughout by q unity Of
purpose and intelligent gra ping of tho intricate
tual associations that make it evident that
there is life and perpetuity to this company.
When tho company came into existence 1t was
an experiment, venture that many thought
would be OF short duration but as year after
year has gone by and with them have come in
creased life to the organization and the pay
ment in full Of all obligations, the originators
no doubt builded better than they even hoped
when they announced to the world an insurance
association that wished q share of their bust
ness. In Dakota there Is plenty OF homie pride
manly supp is given to home enterprises
where they are deserving, and this has been
given the Farmers Mutual Protective associa-
tion. The plan was simple fair and intelli-
gent. The farmers of Dakota who for years
had been paying extortionate rates for protec-
ton that failed to protect In many instances,
soon saw the fairness and reliableness of the
plan, the small per cent. it costs to insure and
wherein the company answers their needs, and
for five years the company has had q steady
growth and prosperous business.
Joseph Freudenfeld. the parent of the COM
pany, has been its secretary and active mover
since it's birth. He is one of the most unas-
Stunning men in Dakota, but as practical in
surance man and careful manager he has not a
superior in Dakota. II there is such thing as
q man feeling a pride in an object of his crea-
tion, Mr.. Freudenfeld has reason for pride in
the Farmers Mutual Protective association.
The members of tho Formers Mutual Pootec-
tive association have also reason to take pride
in such able managers as Mr.. Freudenfeld, J. P.
Ward. the careful president, and the score of
active men who have become part of its sue
cess.
The meeting which has just closed was repre-
sentative of the progressive farmers of Dakota.
They were men who are large land owners, and
met here to compare notes and build for the
future. The m6etiDQ harmonious in all ifa
deliberations.
The report of the committee on credentials
reported q membership of 9,019 in good stand
ing. There were present in person or by proxy
G,541.
Secretary Freudenfeld, In his annual report
OF the finar cial condition of the association
shows some interesting figures. The number
of acres protected in 1883 was 639 663; value of
protection. $153, 51912 The cost Of this pro-
lection was at the rate Of "a cents per acre.
The receipts in cash and notes for 1858 were
the total to 5000 213.31. The losses paid in 1888
he 49,, 194.03. There are resources in the
tt asury Of $21 ,901 .95 all liabilities This
is splendid showing and gratifying condition
OF things. 1t shows the company to be ON O
sound financial basis.
The following is the board of trustees for the
ensuing year: J: p. Ward, Joseph Freudenfeld,
W. NJ. Smith. A. H. Wheaton, E. T. sheldon, j.
Dexter Pierce, o. J. Scheie, T. C. Kennedy.
The following finance committee was elected
F. G. Camburn, John E. Bennett, b. N, Travis,
j. d. Flint, c. l.. Holbrook.
j. P. Ward was elected president; J. c. Clip
son. vice-president: Joseph Freudenfeld, sec
Rotary. and F. G. kennedys superintendent of
agencies.
The meeting as a whole was an honor to the
association and did much to strengthen the
company. Many questions of minor import
ance were discussed and settled to the benefit
OF the organization. The officers elected are
active men and will do much to push business
during the present year.