The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1906-01-12
INSURANCE MEN CONFER.
Mutual Companies Of State Hold SEES
sion in St. Paul.

Mutual Companies Of State Hold Ses-
sion in St. Paul.
The state association of township mu
tual fire insurance companies convention
convened in the governors room at the
old capitol building yesterday, with
about thirty present.
This association is composed of dele
gates from the following fire insurance
companies: The State Town Dwelling
Mutual Fire Insurance, the United
Township Mutual Hail association, the
Mutual Creamery and Cheese Factory
Fire Insurance company of Minnesota,
and the Home Mutual Tornado and Cy-
clone association.
The Hail association had the floor ear
ly, but all their delegates were not
present, and they yielded the floor to the
members of the Creamery and Cheese
Factory company.
| President A. ID. Stewart of Redwood
presided and Secretary Andrew French
and Treasurer Lossow read the minutes
of the previous meeting and the finan-
cial report for the year.
The treasurer's report showed that
the total cash receipts, including the
previous balance on hand, was $l2,6O5,
and that the total disbursements, in
Guiding 81 ,6S5 paid on policies for fire
losses, were $9,l3O, leaving balance in
the treasury of $3,475.
At the beginning of last year, the COM
pany had insurance on $97 1897 worth of
property and this had increased to ST.
0G3 900 during the last twelve months.
This includes over two-thirds of the CO.
operative creameries in the state, and
this value has been carried for five years
on basis of per cent.
The following directors were unani-
mously reelected: A. d. Stewart, of
Redwood Falls; L. Fl. Bulls, of West
Concord; Andrew French, of Plainview !;
F. w. Lossow, of st. Clair; f. Evenson,
of Strout; j. P. Larsen, of Clark's
Grove; and Ole Peterson of New Ulm.
The directors met shortly after their re-
election and also reelected all the form
er officers as follows: A. ID. Stewart,
president; L. III. Bulls, vice president;
Andrew French, secretary; and f. w.
Lossow, treasurer.
The meeting of the Mutual Hail In
surance association followed. All parts
of the state were represented. The an
nual report of the secretary, X. Il. Bulls
of West Concord, showed that the COM
pany had paid every loss in full during
the year on an assessment rate OF per
cent. The company has risks in forty
counties of the state and is increasing
in membership.
The following officers were elected:
President, Andrew French, Plainview;
vice president, H. w. Wadsworth, Ma
della; secretary, X. Z. Bulls, West Con-
cord; treasurer, N. Juliar, Mankato; di-
rectors, r. j. Hail. Morris; III. p. Bjor-
gen, Underwood; ID. p. O'Neill, Thief
River Falls; F. NJ. Payne, Pipestone;
Scott Thomas, Rice.
The report of Secretary l. b. Yates OF
the Tornado and Cyclone Insurance
company showed 1902 policyholders
with insurance to the amount OF 81
743,337. The total income during the
year, including the balance from l904,
was $lO,97s.63. The total disbursements
during 1905 amounted to $5,399.7o leav-
ing a balance on hand Jan. !, 1906, OF
S5,578S5 The losses during the year
were light, amounting in all to $l,653.7S.
This company charges premium OF
80 cents per 500 at the time OF writ
ing the insurance. The assessments are
rated according to the amount of losses,
and but one assessment is levied during
the year. Last year the rate of assess
ment was one mill.
The following directors were elected:
L. HI. Bulls, West Concord; A. ID. Stew
art, Redwood Falls; /. B. Yates, Ma
della; j. j. Furlong, Austin; August
Minske, Waseca; III. E. Moehnke, Dover;
r. j. Hall, Morris; Otto Triton, Sleepy
Eye; p. H. Grogan, ST. James. The
president is L. III. Bulls; vice president,
A. d. Stewart; secretary, !. b. Yates;
treasurer, j. j. Furlong.