The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-02

The state association Of Farmers
Township Mutual Fire Insurance COM
panies met in annual session at the
Commercial club rooms yesterday af-
ternoon. The meeting was called to
order by President J. w. Peterson. Of
Goodhue county. Thers are one hun
dred and twenty township insurance
companies in Minnesota. not all of.
which, however, are members Of the
association. The following delegates
were present:
F: A. Rolling. Ole Peterson, Chas. Alstadt,
J: j. Furlong, A. ]. Carlson, A. ]. Varnox,
Henry Briggeman, B. F. Swenson, Abraham
Heibel, A D. Stewart, j. H. Crandell, J. T.
Lindon, W. l. Hubbard. David Valentine, c.
7. Barker, F. M. Payne, D. ]. Freiberg. F.
W Lossow. L. s. Bulls. ]. Q. Currier. w.
M. Hampo, John Ledin, Andrew French. j.
II. Pettis, j. W. Peterson. John Alt. Aug.
Strehlow. John Keehner, H. W. Wadsworth.
President Peterson read letter from
Ignatius DonneIy regretting his inabil-
ity to address the association. The
minutes Of last annual meeting were
read and approved The Informal re-
port Of the treasurer showed cash on
hand $50. with outstanding indebted
ness of s1o.z The bylaws We're amend
ed. reducing annual dues to 81. 80
dent and declined to serve, and A. D.
Stewart, of Redwood Falls, was cho
sen and accepted in neat speech, say
ing among other things that in these
days Of fierce competition and micro
scopic profits that the salvation Of the
farmers was, and their watchword
should be. cooperation. He advocated
cooperation in many other ways than
insurance alone The other officers
al = Of
ey, secretary; Andrew French, Waba
sha. treasurer. and James Bull, West
Concord, vice president. Executive
committee. ] w. Peterson, r. c. Won
Lehe, J. A. Pettis, A. Bull and Andrew
French.
Much discussion was INDUCED in as
to the propriety Of asking legislation
permitting township mutual companies
to insure against cyclones as well as
fire
Commissioner Dearth, who was pres
ent, delivered a short talk on the adj
visibility of having a uniform system
Of bookkeeping, blanks, applications
and policies; he also warned the asso-
citation against including cyclones in
their risks.
A committee consisting of o. K. Nae
soth, John Duell, F. NJ. Payne, Andrew
French and Ole Peterson was chosen
annual meeting on uniformity Of
policies, etc, also to act as a commit
tee on legislation.
The evening session Of the associa-
ton resolved itself into an experience
meeting, with talks limited to five
minutes each. David Valentine, presi-
dent Of the Stanton Farmers Mutual
Insurance company, of Goodhue coun-
ty, told of his company being in op-
Grafton ten years and had 1921, 900 in
risks charged so cents on each 800
premium. paid the president a salary
of $40 a year and secretary $50, had
nine directors who elected officers. In
the last three years the company had
paid $500 in losses; they had S400 in
the treasury and had had no assess
ments.
Other speakers were August Streh-
low, W. H. Madsworth, G. Arndt, A. E.
Beckwith, A. D. Stewart, L. II. Bulls
and l. B. Yates, who spoke OF the
methods Of business of the companies
they represented, and the difference
seemed to be a question of detail,
method of adjusting losses, property
subject to risk and territory covered
by companies.
A vote of thanks was rendered the
Commercial club for the use Of it's
room. The association then adjourned
to meet in room 16 in the capitol at 8
o'clock this morning.