Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1902-08-13


wrecked a good many insurance COM
panies, but none of them that have
paid as we'll as this. A. C. Randall
was one of the incorporators and
prime movers of the Minnesota Mutual
Hail and Cyclone Insurance Company,
located at Amboy, Minnesota, which
did business much on the same plan
as the State Mutual of Hankinson.
The records of the department of in
surance of Minnesota show that they
collected several thousand dollars and
forgot to pay their losses, the presi-
dent and secretary getting about $l6,-
900 each.
"They conducted during the year
1901 at Minneapolis, Minnesota, a
fake known as the Northwestern Agri-
cultural Land Improvement Company.
Miller, Randall and Glider appear as
directors and prime movers. That
was quite a diffe' ent scheme and prom
ised to be a revenue getter, but in
September, 1901, the United States
postal authorities got af.er them and
tied up their mail on the grounds of
fraud. The matter was taken before
the authorities at Washington with
the result that they were forbidden the
use of the United States mails for all
time, and the company went up after
doing some damage.
Gin 1898 A. M. Glider organized the
Red River Valley Mutual Hail Insur-
ance Company of Wahpeton, N. D.,
which was closed up by the courts in
1899.
I'm 1899 Randall, Miller and Glider
and some others started in Minnesota
what was known as the Realty Reve-
nue. Guaranty Company. A. M. Glider
was state agent for North Dakota
Many North Dakota people are &C
quainted with this fraud, which pur-
ported to insure crops against dam.
ages of every nature. This was not a
success, as the authorities got after
the agents and had some of them in
Jail at Darlington, and case was
taken to the supreme court State vs..
G. N. Hogan),
At Topeka, Kansas, the same bunch
organized mutual hail insurance
company and operated in 1900. They
had their plans laid for big steal
and were working it about as they did
in the State Mutual last year; but the
commissioner Of insurance did his
uuoJ oACAO Uuu ~ III CLc Uuu.
1t became evident to him along in
September what they were attempting
to do, and he saw that their only aim
was to skin the company, so he stepped
in and took charge of it and forced
them to pay all the money into GER
tain bank, and after the collections
were in, he settled with them by allow
ing them the money that they had in
vested and no more, with the under
standing that they leave the state,
which they did.
"These are only a few of the deals
that these fellows have been into; a
| nice record for men to run a bank and
be intrusted with the funds of the com
munity. At Kensal associated with
them are several of their former "big
NIT" men, the men who did the bust:
ness in the field.
Zone of them is running their lum.
Der yard, another their bowling alley,
and the other one of the biggest
grafters of the bunch is conducting
their newspaper. In the first issue o.
their paper they wrote an editorial
warning farmers to beware of mutua
hail insurance companies, stating tina
there were localities in the state where
it would not be safe for people repre-
senting fake insurance companies tt
90. Well, I think this is 'straigh
tip I know there are a whole lot o
people through the state that hav'
been victimized by this concern tina
would like to get thei" hands on tn
thieves that have got their money. I
the Minneapolis police department
would send a representative to Kensa
they could probably get some pointer
on grating that would put all OF thes
cheap bribers in the shade.