The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1903-01-16
N5W OFFICERS
Farmers Alliance Holds 18th Annual
Meeting at McPherson.

The fifteenth annual meeting OF the
Farmers Alliance Insurance Com
pany of Kansas was held This week in
attended by quite large number of
policy holders, who each have voice
in the election of the new officers. At
shis meeting I. F. Talbot was re-elect-
ed president. and c. +. Mingenback
wns reelected for the fifth term as
secretary of the company. This com
papy is managed by fifteen directors
and each holds his Office three years.
At each annual meeting six directors
are elected.
At the meeting the following new
directors were elected: William Nc
Carly, of Mcpherson counoy: w. J.
Brown. Of Kiowa county; B. F. Mo
Gill. OF MCPHERSON county; n. w.
RI ,ie, OF Sedgwick county, and J. w.
Lay borne, o. Osage City.
]. w. Lay yborne and W. J. Brown
are new men on the board OF direc.
tors. The other men elected have
been on the board for some years.
Wednesday the new board met and
elected the following officers: [. +.
Talbot, president: b F. McGill, vice
president; G. Z. Mingenback. secre-
tary: N. w. Bridgens, adjuster; J. B
Darrah, general agent aud inspector;
John D. Milliken, general counsel.
The condition OF the cOmpauy's
business at the close OF the past year
WAS very satisfactory. The total
amount of business in force is S20,-
100000. This includes the amount In
force in both departments. The com
pany now has total membership q!
Il .250. This is limited to farm risks
and city dwellings, as the company
does not take mercantile risks. The
amount of business written for 1902
WAS ST. 900.
Last year the company paid out for
losses and expenses 300, 400, the cost
OF insurance being y ceuts hundred
The managers OF this company have
accomplished d great deal in the past
few years and have made the in Stitu-
zion as safe as the government OF the
United States. One OF the victories
of which they should AL feel proud is
She elimination of what is called the
"blanket policy" In the insurance
of live stock :he old element of danger
has been overcome and there is no
more hazard In insuring this stock
than Ia any other kind of p operty.
Another thing is the reserve fund
which has accumulated in the past
few years. There is now y cash re-
eervc OF $65 ,0OO ON hand to be used i'm
case of unusually heavy loses which
have not bcen adequately provided
5or by the usual assessment. This
reserve fund IL sufficient TO carry the
company for one year if no assess.
ment should be made At all.
The business Is limited TO the state.
it has paid out TO farmers OF Kansas
e335, 200.
IL is we'll known that the plan OF in
surauce Is purely cooperative and
aims TO furnish Insurance ut actual
cost, and that it has succeeded in this
IS shown by the immense number of
farmers who have come to depend on
il for indemnity against loss by dam-
aye from the elements.
One OF the surprises to one not ac-
-.
&"ce Is the astonishingly low cost of
managing it. The expense to officers.
board OF directors and clerks, last
year of handling this large volume of
business was only o.. 800. This in.
cludes all board meetings. This sum
is much less than is paid for the ser.