Evening capital. (Annapolis, Md.) 1884-1910, 1906-12-12
THE BUSINESS MEN MEET.
Mr.. Mancha Speaks In Behalf Of Mutual
Fire Insurance Company
MAIN STREET on A BUSY DAY IS
MISREPRESENTED.
Presidentlof The Board Takes Exceptions To
Professor Stevens Book---Many
Subjects Discussed

Subjects DiScuSSeo.
The bi-monthly meeting of the BUS
mess Mems Association was held last
night. The meeting was presided
over by President William IL. Moss,
Thomas J. Linthicum, Jr., secretary.
The meeting was very interesting
one and thoroughly enjoyed by all
present.
That the Association is booming is
evidenced by the fact that the meet
ings are we'll attended, and that sub
iects are being discussed which, in the
near future, will be developed and
prove a great benefit to Annapolis.
The business Mems Association in
yited Mr.. II. ;. Mancha, secretary
and treasurer of the Mutual Fire In
surance Company of Anne Arundel
County, TO address the Association
on the growth. present condition and
prospects of the company. IL will
be remembered that this insurance
company was organized something
over year ago at the instance Of the
Business MEMS Association. Mr..
Mancha, in responding to the invita-
tion, said in part
"The company is making reason
able progress. but as its object is TO
afford insurance at cost, there are no
salaries paid to any of its officers, and
as in this age il takes salaries TO make
men work, the growth of the COM
pany has been necessarily slower than
Ii would have been with salaries to
make its officers work for business.
But even as il is, this company is
doing much better and growing faster
than many other companies did in
their infancy that have since grown
rich and strong. The Mutual Fire In
surance Company has met all its eX-
penses and losses without the neces-
sity of making a single. assessment
upon it's policy holders.
Mr.. Mancha stated that the annual
report OF the Mutual Fire Insurance
Company of Anne Arundel County.
made i'm December, 1905, one year
ago, showed that the company had So
policies in force, and held policy
holders notes to the amount of
$l,222.65, and that now, one year
later, the company has 120 policies
i'm force and holds notes TO the
amount Of 81, 134. 90, with premiums
due the first of January. or, of about
$3.50. This, he said, showed an in
CftaSt ~ lilt tOHlptiig iNopuASNS ~
over 100 per cent in one year, and that
by company being managed with
out paid officers To push its business.
Mr.. Mancha lilkened the company
to child growing nicely without
much nursing. Mr.. Mancha further
stated that the company has had two
small fire losses, which were prompt
ly paid, and that all its expenses and
a. - IaCr anEt
have been promptly met without as
sessment, and that its officers are care
full to do safe business.
After Mr.. Mancha had been heard,
DIR. Louis ID. lIenkel, Jr., offered the
following resolution, which was
adopted:
''That the Association, having heard
through the secretary of the Mutual
Fire Insurance Company of the growth
and encouraging prospects of that
company, desires to record its gratih-
cation Mt the success the company has
attained and pledges its hearty sym
pathy with the work and pledges its
support and bespeaks the support OF
its members in promoting the further
growth and success of the Mutual
Fire Insurance Company of Anne
Arunuel county.
1t was ordered that copy of the
above resolution be sent TO the Sec
retary of the company, to be read al
its next meeting, which will be held
on December IA.
The subject of a new charter foI
Annapolis was brought up, but owing
to the lateness of the evening dis
cussion on this subject was held over
until the next meeting of the Asso-
citation.
The question of .'What is to become
of Annapolis after the work at the
Naval Academy is completed was as
signed to the question box and will be-
discussed AT later meeting.
The president of the Association
called the attention of the members
TO the book recently issued by Profes-
sor stevens, of the Naval Academy,
entitled "An Annapolis Alphabet.
lie said that the illustrations in this
publication, Especially the view Of
Main street, are n misrepresentation
Among those present who entered in
the various discussions were: Mr.
w. q. Gott, Mr.. Henry z. Bethel. OF
the c. q p. Telephone Co. Mr.. George
c. Barton, Mr.. VIM. T.. Feldmeyer
Mr.. VIM. III. Feldmeyer, Mr.. Georg,
L. Melvin, DIR. Louis b. Henkel, Jr.,
Mr.. Perry Kashner, Mr.. VIM. B
Gardiner, Jr., Mr.. G. NJ. Duvall and
Mr.. IL. 5. Kenchington.
The next meeting of the Associa.
ton will be held Tuesday night oi
next week instead of on Tuesday
/ rraol, nc II will no Christmas dav.