Virginia citizen. (Irvington, Va.) 1891-1921, 1906-01-19
BRIGHT PROSPECTS.
RAPID GROWTH.
To the people Of Lancaster, North
cumberland. Richmond, West
moreIand. King George. Stat.
ford, Essex, King and Queen.
MiddIesex, Mathews and GIou-
ceSter-
GREETING.
ceSter-
GREETING

GREETING
With the exception of our President,
Judge Jno. c. Ewell, who has beer
quite sick for some weeks, the New
Year finds our officers and agents ir
comparatively good health and excellent
spirits, imbued with renewed yea
for the welfare of our home institution.
With our twenty-five old agents and a
few new ones we hope to cover our
allotted territory better than ever be-
fore and to give even closer attention to
risks and the details of our business.
Notwithstanding the tremendous in
crease of our business we are enabled
TO exercise more care and diligence, and
the remarkable record we have made.
while much due to careful supervision,
is in large measure the result of the
splendid class Of risks and people that
make up-our roll.
Our books show about 8, 900 policies in
force, aggregating more than million
and-a-half dollars. The two-million
mark, if not reached by time this is in
print, will be long before March 4th
next-the day on which our tenth an
niversary could be celebrated. The
most sanguine hopes of the Inaugural
tors of the Northern Neck Mutual Fire
Association never conceived of more
than million dollars in the first ten
years. When it is remembered that
this is the poor mans mutual as
ISOLATION, hundreds of policies not
exceeding two or three hundred dollars
each, some idea will be conceived of the
magnitude of our business and its
Office work.
The year 1905 records awonderful squirt
IN our business. A greater amount of
insurance was issued last year than the
aggregate for the preceding nine years.
In other words, our business more than
doubled in single year. Yet with this
great bulk only one assessment Qo
cents) was issued in the preferred class
(A), and two 90 and 20 cents) in the
hazardous class OK during 1905.
A good preferred mutual fire institu-
ton OF Richmond, Va, one hundred
years old, announces that its surplus
is large enough to pay all losses
during 1906 without taxing its pol
icy-holders. This is a good showing.
but the first time such happens in its
history. How much our "baby" sur
passes that good old prototype will be
seen by record of eight small assess
ments in nine-and-a-half years, twice
during which period no tax was levied
for eighteen monthsl In three years.
1902, 1908, and 1904, only two assessments
(and they at 10 cents were levied. So
our record beats that of the best.
Insurance has cost our policy-holders
IN Class A about IL per cent for a
five-year period (entrance fees and all
costs fully included; and in Class X
(stores, etc. it has averaged from 1
to 2f per cent per annum, according to
nature of risk. We modestly claim that
this record cannot be beaten in the
United States.
Naturally, as we grow in strength the
cost should diminish, unless we are
so fortunate as already to have reached
low-water mark; but we think we
can say that we are "out of the woods, 4"
and there is no reasonable disaster that
can shake US Our strength now is ''as
the strength of ten, and any qualms
as to big conflagration is all ''stuff, ~
because we take but an occasional risk.
here and there, in any thickly settled
community.
Such a prosperous New Year as we
look forward to we wish to all.
Respectfully,
N. N. MUTUAL FIRE ASSN.