Crawford avalanche. (Grayling, Mich.) 1879-19??, 1899-12-21
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There has never been any affection
FILTERED away between the Michigan
insurance department and that Of the
State of Wisconsin since disagree
ment which occurred about year ago.
and the two departments are now like
ly to have another retaliatory war in
regard to the taxes upon IRE insurance
premiums. Wisconsin has for several
years taxed the Michigan companies 8
per cent upon the premiums received
In that State-2 per cent being a fire
department tax. Insurance Commits
sioner Stevens has been trying to Sc
cure reduction of the tax to 3 per
cent, by requesting that the Michigan
companies be allowed to deduct the
fire department tax from the retalia-
tory tax, according to the custom in
New York and Illinois. Commissioner
/ Giljohann of Wisconsin refuses to do
this upon the grounds that the fire de-
partment tax of Wisconsin Is not a
State tax and also that 1t lis levied
against the agents and not the COM
panles, and, therefore, the Michigan
retaliatory law cannot apply to this
kind OF a law. However, the Michi-
gan commissioner has again urged the
matter upon cthef Wisconsin depart
ment, quoting decision of the Wis
consin Supreme Court that the tax Is q
tax levied by the State and also de-
Gliding that 1t is a tax against the COM
panies and not the agents. There are
only about $4,000 OF premiums col
lected by Michigan companies in Wis
consin, while there are nearly $780,
600 Of premiums collected In Michigan
by Wisconsin companies. r.A diioS
49, n. lr9 4 :
The Secretary of State has issued his
annual report showing the condition OF
building and loan associations in the
State at the close of the fiscal year
June 80, 1899. Thefnumber of associa-
lions at the close of the, year was 20,
each Of which filed its annual state
ment with the Secretary Of State as
required by law. There has been dur
Ing the past year a decrease in the as
sets of the associations of $726, SO,
caused principally by liquidation, pay
ments of matured shares and with
drawals. During the past year several
important questions in regard to meth
DDS OF doing business have arisen, and
the state Department has made rul-
ings of Importance. 1t has been held
that the laws Of the State do not con-
template the issuing of paid-up stock
No objection, however, is made to pre-
paid einstaliment stock. which is said
to be perfectly mutual in character.
Tpe right to borrow money for pur-
poses strictly germane to the purposes
of building and loan associations is
conceded. The total assets of the. as
sOciatiOns of the State are given as
SIC, 1J9,562.29 There is a falling of
of 100000 in loans on mortgage Sc
curity as compared with the previous
year, while there is an increase of
$37, 000-in the amount of real estate On
hand. =
Land Commissioner French has pre-
pared statement showing the amount
of sugar beets received by Michigan fac
tories during the months of September,
October and November, and the total
number of pounds of sugar manufacture
cd. During September 49, tons of beets
were received and no sugar was manu-
featured. In October 22,072 tons Of
beets were received and 1,SO6,613 pounds
of sugar were turned ont. In November
SO, 1868 tons Of beets were received and
S,O4S, $50 pounds Of sugar manufactured.
The total tonnage of beets received for
the three months was 1926 and the to-
tai output of sugar $685. pounds.
The Detroit Sugar Co., at Rochester,
turned out 1855, 1874 pounds in Novem-
Der; the Michigan Sugar Co., at Bay
City, zoos, 776; the Bay City Sugar Co..
1,707 ,O7S; the Alma Sugar Co., 1861 ,255;
the Wolverine Sugar Co., at Benton Har-
Dor, 25O,62S; the Holland Sugar Co.,
1857, and the Peninsular Sugar Co.,
at saro, 1,670,094.
The building and loan associations
of the State that have gone into vol
untary liquidation during the last fis-
cal year are the Alpena Building and
Loan Association, the Battle Greek
Loan and Building Association, the
Farmers and Mechanics Building and
Loan Association of Mt. Pleasant, and
the IOscO Savings and Loan Ass0cia-
ton of East Tawas. These institu-
tons have ceased doing business and
have filed proper notice to that effect
with the Secretary of State: Benton
Harbor Building and Loan Association,
Buchanan Building and Loan Associa-
ton, st. Joseph Valley Building and
Loan Association Of Saginaw. The
Home Mutual Building and Loan AS
ISOLATION of Niles, with a capital OF
$1J0,O00, and the Wyandotte Loan and
Investment Co., with capital of $780,
600, were organized during the year.
Game Warden Morse has filed his re-
port for November with the Secretary
of State. There were 165 prosecutions
during the month, of which 80 were for
violation of the fish laws. There were
% convictions and the fines and costs
collected amounted to $3.50. The re-
port says that fewer deer were killed
this year than for several years past
During the month $4,000 worth of nets
were confiscated from fishermen who
were violating the laws.
State Items of Interest.
Mrs. Harrison Fairchild, wife of a