Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1907-05-29
INSURANCE COMPANIES
Officers Elected and Other BuSi.
ness Transacted at Annual
Meetings This Week.
DOVRE & MAMRE WILL PAY
HALF THRESHING ENGINE FIRES

Il Mamre FIRE insurance ASSOcla-
tion was held at the courthouse last
Monday afternoon, beginning at
one o'clock. There were about
fifty members in attendance. One
change in the rules of the associa-
tion provide that hereafter the asso-
citation will pay one-half of the in
sured amount in case of a loss
caused by fire from threshing en-
gine. There is a provision, how
ever, that every threshing engine
must have an efficient spark ar
roster, in default Of which no losses
will be paid. The amount of any
loss under this head is limited to
S70O. The company is in fine finan-
cial shape, as will be seen by
the following. The last annual
statement made to the insurance
commissioner for the year ending
Dec. 81, 1906, showed 670 policies
in force, carrying insurance to the
amount Of l,095, 1856, and a cash
balance in the treasury of So, ,423. Is.
The losses during the year were
S9l6.25. Since that time $50 has
been paid in losses and 102 new
policies with insurance amounting
to $125, 900 have been written.
The following were elected as di-
rectors for the ensuing year: John
P. Larson, C. C. Hanson, H. P.
Lofgren, K. T. Rykken, Jalmar
Larson, NeLs Nelson, Ole R. Slet-
ten, Wesley Swenson and J. 0.
kloster. P. R. Sletten and 0. 0.
Bergstrom were elected as an audit
ing committee.
The directors met Immediately
after the annual meeting and elect
ed the following officers: J. P.
Larson, president; C. C. Hanson,
vice president; K. T. Rykken, sec
retary; 0. R. Sletten, treasurer.
Hon. O. N. Grue, who had been Sc
cretary of the association since its
| first organization in 1881, 26 years
ago, retires from the directorate
of the company. During all these
years a large share of the practical
management Of the insurance COM
pany has fallen on the shoulders of
Mr.. Grue, and he has had the salts
faction of seeing it grow from a
membership of 36, with an insur-
ance in force of $3.50, 1888 the first
year, to an institution that carries
over million insurance, has over
600 members and does business in
thirty-six townships. Mr.. Grue is
entitled to much credit for his many
years Of faithful service in behalf OF
cheaper insurance for the farmers.
The annual meeting of the Will
mar Farmers Mutual Fire ane
Lightning Insurance Co. was hele
at the courthouse yesterday. The
attendance was not very heavy
The following were elected as di
rectors for the ensuing year: D
F. Seneschal, Gennessee; Edware
Feig, Harrison; C. J. Swenson
|. | Kandiyohi; E. F. Stuhr, Roseland
E. NJ. Stanford, Willmar; 0. S
Rasmussen, Whitefeld; NJ. C. Tol
lefson, Willmar; N. 0. Nelson
Willmar; VIM. Rieff, Harrison.
The following is from the state
ment of the company for the yea
ending May %, as prepared by Ed
ward Feig, secretary: Balance o.
hand at beginning of year, 1886. SO
receipts during year, 81, ,572. IA; los
: ses paid during year, 81, 1872 -06; ex
penses during year, $368 81; bal
ance on hand at close of year
81 ,520.97. At the close Of the yea
! there are $50 policies in force, car
rying insurance to the amount Q
5 81, ,59S, ,787.W 90.
! The new directors will meet mex
Wednesday and will choose officer
$ from their own number.