The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-02-06
HOOPER MEDICINE CO.., Dallas, Texas.

Honc.
Oklahoma Farmers Mutual. Of
Guthrie,
Union Mutual. Of Enid.
Southwestern Farmers Mutual, Of
l.awton
The discussion on the subject Of
fire and hailu insurance showed in
tense interest. enthusiasm and the de-
sire to 90 things for the greater sue
css Of the farm mutual
G r Mingenback. a member Of the
executive board Of the American AS
sociation Of mutual insurance com.
panies Of the United States and sec.
fetary Of the Farmers Alliance In
snrance company OF Kansas, which
has membership Of thirty thousand
policy holders and a recrod Of twenty
years I'm business was present by in
vitation. MIR Mingcnback was chosen
TO gather and compile data and
tatistics on far mmutuals through
out the United States by the Ameri-
can association His research covers
period OF many years and makes
his Judgment on the management OF
farm mutuals valuable.
He stated insurance b;id developed
along two lines one the toopera,
tive IN which The benefits derived
were distributed among the policy
holders. The ether plan was a joint
stock, feature In which the stock
holders absorbed an The profits re-
sulting ;n the accumulation OF great
wealth which developments Of late
years proved 20 be menace to the
community.
over eight millions o. property are
protected by farm mutlals IA the
United states Making an annual
saving TO these property owners OF
more than thirty two million dollars
In the cost Of their Insurance
The discussion on hail Insurance
brought ont "a great many IDEAS. 1t
was represented that no insurance IS
Of more value to the farmer IN the
han belt Of the United States than
Indemnity of hail loss L! has taxed
the best mines and most resolute and
persistent effort for more than forty
years 10 deyise plans whereby the
grain growers could secure protec-
ion against this. the most destrue-
tive or all elements. Il Is estimated
that not less than five millions Of
dollars are lost annually in crops
destroyed by hail. Minnesota, Wis
consin. the Dakotas. Iowa and Ne
lfaska have been maintaining farm
ers hail associations for more than
fcrty years Kansas, Colorado, and
Oklahoma for the past fifteen years
have maintained similar organiza-
lions fer their grain growers and such
organizations have paid millions Of
dollars in hail losses. The GOOD
they have complshed and protec
ton afforded is inestimable.
stock companies keep entirely
alcof from this Kind of risk on ae-
count OF its being all loss and no
gain
There are two stock companies at
this time which write a little hail in-
snranca, but the territory which they
cover is so small that the assistance
thus rendered to the grain growers
Is next to nothing In view of this
fact and these conditions, the farm
en- is conforted with the proposition
Of either joining his nelghbors in as
sociatlon for such protection or go
ing without
II. Is necessary to join these as
sociations and take such benefits as
they can render which vary from
year TO year. according to the des-
tra1tion by hail
The Oklahoma companies have
been unusually fortunate IN view ol
the fact its losses have been paid
nearer at par than those OF the other
atates I'm this belt. The grain grow
ers az old Oklahoma have received
untold benefits frulu these associa'
e,ons Notwithstandlne ha fact they
have not alwasy collected i1e iua loss
thev have at che same time received
an the benefits that it wpa posslnie
~ nroyide FOR them. The further con
sideration Of the fact that thousands
OF dollars have been rebated 10 poliey
hphers should be remembered ~
him as a gain. -.
The law upon the statute books
prohibits amy accumulation m TINS az
partment of any reserve, whlch ~
our Judgment Is wrong Many OF the
hail states are preparing 70 nave
law put upon the statute books ehan
ling them TO create and maintain
reserve sufficient TO insure s'apih'y
and solyeGeyf
Fire Insurance.
The combined farm mutual com
panies OF the state represent nlf
wards OF twenty-five thousand policy
holders aggregaiing property Tor
moro than twenty million dollars ana
have related in the aggregate amount
10 the farmers over q quarter OF
million dollars.
The Mutual Fire Insurance com
many has been a phenomenal success
in Oklahoma from its inception some
ten years ago and has been the means
Of saving for It's policy holders in'-
meuse sums of money annually
Builds up waste tissue, promotes
appetite. Improves digestion, Induces
refreshing sleep. giving renewed
strength and health Thai what
Rocky Mountain Tea win DO. a'c, ffS
or Tablets C. n. lenlro.
Commission Controversy Compromises
Oklahoma city Okla Feb o.7-lhe
commission controversy between t''e
mayor ans. certain citizens here has
been compromised III an agreement oN
which petitions win cease 20 circulate
asking Tor an election on the Question
o. whether this city shall have q com