The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1898-08-12
HAIL INSURANCE.
Directors Of the Agricultural Insurance
Company Meet and Review tho Seven
Months Business-Results are
Highly Satisfactory -surplus
$7,44O.49.

Inc oOaru OF directors OF the Agrlcul-
tural Insurance company met at the
company's headquarters last evening to
look over the financial condition of the
company at the close of the hail insur-
ance period and learn how the company
stands in both hail and fire departments.
While it was generally known that the
company had lone a safe and successful
business, it was not known it had done
SO remarkably we'll until the figures of
Secretary Frudenfeld were shown. AS
little of the support and influence, how
ever, which had contributed to it's sue
cess had come from Madison and Lake
county, the directors had net for a pur.
pose of deeper import to Madison than
insurance, namely, that Of the removal of
the company's headquarters to some
be felt the company had the endorse.
ment and hearty cooperation of the com
munity. Toa large delegation of our
business men who called upon the direc-
tors this morning Secretary Frudenfeld
stated these conditions in very specific
terms SO that there is no misunderstaud-
ing the feeling Of the directors IN the
matter.
The directors. however, find that they
have not the power in themselves to
change the location Of the company's
headquarters. This must be done by a
vote of the members of the company at
their annual meeting in January. In
Falls Business Mems league, the direc-
tors appointed a committee consisting OF
l.. C. Taylor, L. G. Orr and p. F. Sher-
man t o go to Sioux Falls to-day to con-
suit with the Sioux Falls people on the
proposed removal and invite them to
send committee up mere to investigate
the company for themselves and learn
its merits and condition.
Secretary Frudenfeld's financial state
ment of the company's business since 1t
began operations January |, 1893, is
remarkably gratifying. The total re-
ceipts on premiums of both hail and fire /
departments have been s12,59O..4. The !
total expenses including salaries. COM
missions, ETC., have been $i,117.25 and to- |
tai losses, sl,033.OO (. This leaves a net |
surplus OF $7,44O.49. OF this surplus
S4,52i.25 must, by the laws of the COM
pany, go to the sinking fund of the hail
department to meet future losses il
necessary, and cannot be touched for
anything else.
When one considers that this is four
times the total losses Of this year. it
makes a handsome guaranty for. policy
holders in the future and an excellent
recommendation for the company to
start out with for the new business of
next year. And all this has been achiey-
ed at a cost to farmers far below that of
stock companies which charge so cents
per acre for insuring. The Agricultural
Insurance company charges only IS
cents per acre. It's notes or bills receiv-
able are gilt edged and will be paid
promptly and full.
The company has until December l to
pay losses, but all will be paid in cash
October l.
This remarkable showing is ahead OF
anything IN the insurance field and is
largely due to the conservative methods
OF doing business and to the more in.
portant fact that the company took no
risks in that part of the state which is
%perenially subject to hail storms. This
management is the fruit of the ripe ex.
perience OF the men at the head of the
company in the hail insurance busineae.
Your success depends on energy.
Your energy depends on health. Rocky
Mountain Tea brings both. IS cents only.
FRANK q. SMITH.
"Dr. Fenner's lIyspepeia Cure.n
as he name implies, is SIMPLY for Dvs-
pepsia or Indigestion. It should be ca
perlor to the general run OF preparations
and prescriptions because prepared by
physician OF many years study and ex.
perienoe, whose writings on medical
questions are accepted as authorities.
II not satisfied after using one bottle.