The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1908-01-08
FARMERS FIND
INSURANCE OK.
farmers Mutual Fire Insurance Co.
Covers Redwood County
at Low Cost.
Eighteenth Annual Meeting Was a
Profitable and HarmOni-
GUS Gathering.

The eighteenth annual meeting of
the Farmers Mutual Fire Insurance
Company of the Town of Redwood
Falls was held at Wabasso last Sat-
urday, as scheduled, and everything
indicated a we'll satisfied member
ship. The absence of discomfort in
the ranks is no debut accountable
for the absence of some of the stock
holders who have been in the habit
of coming in years past, though the
attendance can hardly be called
small one, almost every one of the
% townships in the company's jurls-
diction having one or more repre-
sentatives, the nearby towns OF
course furnishing the largest repre-
sentation.
President Callaghan called the
meeting to order soon after 100 and
Secretary Stewart promptly pro-
ceeded to read his report, with YER
bal comment so as to make all OF
the items plain. We copy such OF
the report as is of general interest
to our farmer readers.
Policies in force at the beginning
of the year 1903, amounting to
$3,7O9, O95.
Issued during the year, 572 pol
icics amounting to 81, 039, 800.
Additions to existing policies,
SAB, $50.
Deduct 565 policies expired and
cancelled, for $685., 1896 of insurance,
in force Dec. 31st, 1907, (2319 pol
icies) So, 1858, 750
While the net increase in number
of policies is small, the increase in
the amount insured totals S244, 665.
In the summary of insurance in
force by towns, the report shows
that Shutdown continues to lead in
amount insured, $3.50 $50, with Nor
gan second at 1922, 28O, while ir
number of policies Waterbury leads
Shutdown by IA, or 1875 policies, anc
North Hero also has one more policy
to it's credit than Shutdown, but
both are outclassed in amount in
Sured
The total receipts for the veal
were SIP, 161.87, the principal items
of which were $7,302.80 from as
sessments, $500 from notes ISSUED
at the beginning of the financia
year to pay claims, $1,039.22 from
first payments on policies. The casl
on hand at beginning of year wa
.$38.25.
The total losses paid during yea
were $7,743.72. The largest singh
loss was that of Daniel McKay's bi!
barn and contents, adjusted a
S1,410. Other large claims wer
those of School District No. 6, 81,
900, Waterbury Lutheran church
5000, G. l. Davis, house and furr
iture, 1926, j. Fischer, barn, gran
airy and contents, $685.. The expens
account included the $4,000 to pa
notes itemized elsewhere as receipts
the actual expenses being 81, 081. 81
which includes agents commission:
salaries of officers, interest, postag
and supplies of various kinds. Her
is where the farmer is ahead of til
average townsman, who has to pa
about as much for the big salarit
of insurance officials d.the agent
commissions as for actual losse
when their fire insurance premium
become due.
After reading the long list /
losses and expenditures and explain
ing where there seemed to be ar
need for it, the secretary read Il
following summary:
Waterbury has the largest nur
Der of risks by Ia policies.
Shutdown the largest amount (
insurance written, by $20,770.