Belding banner. (Belding, Mich.) 1889-1918, 1906-01-18
THE OLD FARMERS
Annual Meeting and Election of ON
cers-Remarkable Showing of
Continued success.

cers-Remarkable showing of
Continued Success
The Farmers Mutual Fire Insurance
company held its forty-second annual
meeting at the City hall Wednesday. The
principal business of the meeting was the
submitting of the report of the secretary
for the year ending December 81, 1905,
and the election Of a president, vice
president, secretary and treasurer, and
two members of the board of directors. all
for the term of two years.
Secretary Fowles report shows that
the company paid just one hundred losses
in 1905. amounting to Sl5,887o6, and
that of this amount. 81 ,864oo occurred
the latter part of / o4. leaving amount in
loss sustained during the past year,
Sl2,025.o6. This is the highest years
losses the company has had since 1900.
The report also shows that of the one
hundred losses paid during the year. fifty
eight were from lightning, some of which
we're among the heaviest sustained The
company holds its large membership and
added o the amount of insurance on its
books the past year by net gain of lit
tie more than Slooooooo For a COM
pany, with the territory of lonia county
only as its field of operation, to have
accessible insurance to the amount of
81. $4,000 100 on its books, is conclusive
that lonia county contains within its Dor
ders large number of prosperous farm
ers, and that these prosperous farmers
have faith in the "Old Farmers Mutual
by being members and insuring their pro-
perty in this company and that the conf
dence is we'll founded admits Of no doubt.
President Willet presided, opening meet
ing with remarks appropriate to the occa-
sion, congratulating the membership on
the good showing for year, and cautioning
them against parlor matches and great
care in reference to gasoline engines.
Secretary Fowle read the annual re-
port, which was accepted without discus
sion or dissenting vote.
NJ F. Gould Of Boston called attention |
10 the loss Of the widow of VIM. Mosher, |
whose personal goods we're in the house
Of Mr.. Strong, Stanton Junction, when it |
burned. They were insured in the family /
nome in Ronald. Although there was a
strong sympathy for Mrs. Mosher, there |
vas feeling that it was dangerous
precedent to override the rules, and a
notion to allow claim was voted down on
/ light vote.
On motion proceeded to election Of Off
.ers. Messrs Kohn and Scheurer ap-
pointed tellers. A. M Willet received %
ut of "a votes cast, and on motion Was
declared the unanimous choice for presi-
lent.
Fred Pitt received 81 out Of AZ votes
asst for vice-president, and was declared
he unanimous choice.
On motion, the. chairman of tellers was
lstructed to cast the unanimous vote of
members present for j. L. Fowle for sec
stary and treasurer, and same went
trough with signs Of general approval.
Myron Kyser was elected to succeed
imsef on board of directors; and by a
lose vote of z to Is, FELTON, Kendall Of
yons was chosen to succeed Watson
lerchant, on the plea that it is time to
ommence introducing some young blood
Mr.. Fowle was called on to explain the
landing of the company, and contrasted
,e losses Of 1905 with three previous
ears, showing much less total The .
oard will not make rate Of assessment
ntil later in the year, and make it cover
sses and expenses to as late a date as
Jss ole, without making the assessment
nduly large,
At end Of term for which he was just
ected, Mr.. Willett has served 20 years
president; while at end Of his term, Mr. .
owle will have served q years.
The continued growth Of company and
e reelection of these officers without !,
,ntest sufficiently demonstrates the sat \
factory situation Of the companys af- {
irs -Ionia Standard. n