The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1901-05-10
TO INSURE PEOPLE
The Home Mutual Life Co, of Mitchell,
is Ready to Receive Applications
for Insurance.
Teachers Of DAWSON County Held an
Important Session in Mitchell
Last Saturday Afternoon.
Jurors Have Been Drawn for the MAY
Term Of Court SaYGral Important
Cases on Docket.
READY FOR BUSINESS NOW,
The Home Mutual Life Association of
Mitchell is Now Ready to Re-
ceiYe Apnlicatinus.

Having received its authority from
the insurance department of the state
the Home Mutual Life Association of
Mitchell is now ready to receive appli-
cations for insurance.
This company was organized several
months age by nine men OF Mitchell,
who conceived the plan of establishing
an insurance company which would
have features that would appeal to the
people who want 10 take some insur-
ance, that eliminated many of the frills
that goes with fraternal insurance.
The company is ofdcered By the follow
ing gentlemen:
President-Geo. E. Foster.
Vice president-John w. Powers,
secretary-s. Il. scallin.
Treasurer-A. E. Dean.
Medical director--R. F.. Dundsss.
The board of directors consists Of she
above named officers and includes Fl. L.
Bras. I. c. Burns, r. H. Winsor and
Ii. G. Clark. These gentlemen who
compose the officers and directorate of
the company are well known citizens of
Mitchell and bear high reputation
over the state. Their names will be a
guarantee to outside people that the
company will be conducted on the safest
of business principles. The title of the
company will be known as the Home
Mutual Life Association Of Mitchell.
The plan of the company is on the
natural premium basis, which is regard
ed as the only safe plan for writing life
insurance, and when man goes into an
insurance organization he wants to be
assured that the assessments which he
starts in with will be maintained
throughout the life Of his policy, and
the natural plan assures this. Every
man will pay his assessments according
10 his age. the payments being made
monthly. There are no sick benefits or
accident benefits attached to this com.
pany, but it provides straight insur
ance and the face of ahe policy is paid
when it becomes due,
One of the strong features of the com
pany is the emergency fund. This il
established for the purpose of taking
care of any excessive mortality that may
occur. To make it absolutely safe an6
not to be drawn upon, as is the case
in many fraternal organizations
this fund is held in trust for
the policyholders b. the state
When the fund has accumulated it Ii
invested in safe securities and they are
then turned over to the state as al
absolute guarantee of their safety for tn.
parties who are to be protected. This
is required by the charter.
The assessments are divided int.
three classes for the disposition of tht
funds: go much for expenses, so mucl
for morality, and so much for the emer
gency fund.
This is strictly home company, ont
that the people of South Dakota cal
invest their money in with the full as
surance that when the time comes tn,
obligations OF the company viii be me-
at 100 cents on the dollar. There il
certainly splendid opening for com
pany Of this character in the state, for
it offers a safe and reliable insurance
on sound business policy which will
make the insurance good aud always a
the same rate at the insured starts il
upon. The people OF this city will hav'
an opportunity to have the merits OF th
insurance exp aimed 10 them and to be
come members and policy holders in
home company.