The Barre daily times. (Barre, Vt.) 1897-1959, 1908-01-07
In Granite Mutual Fire InSur-
ance Company
ATANNUAL MEETINGTODAY
Over Half a Million Dollars Insurance
Has Been Written Since March i,
lso7-Splendid Pros
poets.

The second annual meeting Of the
rapidly growing Granite Mutual Fire In
suance company was held to-day at the
eompany's home Office, Wood building in
this city. Reports of the great progress
Of this concern were received with pleas
ure by the stockholders over six hun
dred members have joined hands with
the organization since March l, 1907,
placing over half million dollars
worth of business on the company's
books, with capital Of S7S,667 on JAN
uary l, 1908, for the payment OF losses.
Losses since the company began doing
business have not been large, and all
have been settled and paid promptly
Directors were elected as follows: A.
r. Abbott, Battista Albisetti, Frank II.
Burke, James Campbell, Thomas II. Cave,
jr., Harlie n Cutler. Oramel j. Dodge.
Ernest A. Drown, Frank g. Rowland,
Albert A. Sargent, H. William Scott,
harrison g. Woodruff, al of Barre; Frank
C Bancroft, Charles N. Barber, John
Trow all of Barre Town; George Kent,
Rufus g. Robinson and Alexander j.
Young, Of Berlin; w H. Sprague of
Chelsea; Edwin Davis of White River
Junction
AT subsequent meeting of the direc-
tors, these officers were chosen
President, r. g. Rowland; vice-presi-
dent, H. G. Woodruff; vice-president,
Charles N. Barber; secretary. r. G. Rob
inson; treasurer, Fl. W. Scott; auditor,
Il. II. Cave, jr.
The Granite Mutual has an authorized
cash capital guaranty fund Of 100000,
80 ,s4ks.L eInQno i.as. l.n,,, 5a Ito1
III, as a ready reserve
AT the present rate of growth, but
few years will pass before the company
viii rank with the best; in fact, the pro-
lection given now is better than that Of
many Of the so-called good companies
doing business in Vermont, and no one
need fear putting a part of his insurance,
at least. in this conservative and we'll
managed institution Nearly all kinds
of insurahle property are covered at
rates adequate to the hazard which
must necessarily make the company 4
desirable one especially in country
village, where many concerns have a
prohibited list Of properties they will
not write on.
Conservative underwriting is the Gran
ite AIutual's motto, aud is adhered to
strictly, else the company might have
grown very much faster; the manage
ment believes many small risks well
scattered better Than a few large ones,
and their agents understand their wisa
is limited lines on the best risks and
not small. cheap. rundown property"
Ono Of the best evidences Of stability
is the manner in which the company i
received at home the people Of Bsrre
giving it avery hearty support. Infor
nation as to the business win be gladly
given The company is looking for pro-
gressive agents in towns in Vermont
where they are not represented; they
now have agents in many of the larger
places in the state
To-day's meeting was presided over
BY Vice.president Woodruff in the alb
sence Of President Rowland, who was
detained at home because of Illness. Two
new names appear on the governing
board for the ensuing year, they haing
W. III Sprague OF Chelsea and Edwin
Davis Of White River Junction.