Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1909-01-14
FARM ERS MAKE
GOOD SHOWING
County Mutual Insurance Company
Shows Steadily Increasing Bus
mess. - Annual Meeting

mess. Annual Meeting
notwithstanding temperature of
AZ Q below zero in the morning a good
ly number of farmers assembled at the
court house at p. M, Tuesday to at
tend the annual meeting of the Farm
ers' Mutual Insurance Company of
Rusk County. Among those present
were L. Leberge, c. w. Hardtkey, ].
A. Boyer, M. NJ Ferris, Theodore
Sillman, Chas. Erdman, Jas. WILDER,
Jas. E. Frost, Alex Parks, Smith
Stackhouse, E. F. Brainerd, R. w.
Bates, c. Joyner, F. S. Mexican, ]. A.
Schmidt, John Lyman, B. F. Brainerd.
Sever Serley, W. S. Sergeant, and
P. j. Kassela.
There was something doing all the
time. The affairs of the company and
its management were topics of lively
discussion
The report of the secretary was as
follows:
Whole number of policies issued Dec.
81, l9Oo ............. ........ 865
Amount or same e.............. S7lS, ,867
No. in force Dec. 81, 1908. ...3 1913
Amount of same. -. .... $345, ,849
No. written in 1908. 08..............13 .134
amount or same. ............ SlZS, ,S(9
No. cancelled in 1908 8.........9 .98
Amount OF same anne ................$78, ,902
Net gain in 1908 ............... $49, ,977
n
pohcy ............... $068.97
Amount of losses paid in 1908 81, 338. 49
Amount paid prior to 1908 .S6, 404. SO
Total since organization. -. $7,743. .18
Amount of losses resisted in 1908 ..$75
The treasurer's report was:
Receipts for 1908. 8........$ SO, ,048.83
expenditures ............,..S S5, O5O.O2
The reports of the secretary and the
treasurer and of the board of directors
was read and approved.
The president appointed Chas. Erd-
man, C. Joyner and John Lyman as a
committee to nominate directors for a
term of three years to succeed E. F.
Brainerd, Jas. E. Frost and F. x.
Grandmaitre. The committee recon-
mended E. F. Brainerd of Atlanta,
JAS E. Frost of Flambeau and j. A.
Boyer of Willard. The recommendation
of the committee was adopted by ballot,
each member having one vote for every
w hundred dollars o insurance
carried
The report of the committe appoint
ed to investigate and adjust the loss of
a barn under policy No. $50, that the
building was destroyed by forest fire
and that reasonable precaution to pro-
tect the same had not been taken, was
on motion approved.
The livliest discussion of the meeting
was over the payment of the loss of a
horse by lightning near Ladysmith.
The regulations of the company now
require sworn statements of two men,
bers of the company other than the
member sustaining loss, in regard to
cause of death, value, etc. Lightning
losses are paid in full. A committee
consisting of j. A. Boyer, M. G. Davis
and w. S. Kutt was appointed to in
vestigate this matter to ascertain
whether or not different method of
adjusting these losses would be more
satisfactory and report their findings
to the Board of Directors.
The steady increase in membership
of the company, the prompt payment
of losses by the management, the spirit
of fairness manifested in their discus
sions, was commended by all present.
To successfully establish and maintain
a Mutual Insurance Company in new
country requires time, patience and
good judgement. Farmers mutual in
surance 8 no experiment. 1t has
proved successful in other com munities.
1t will prove successful in Rusk county.
It is only necessary for Rusk county
farmers to 'get together and boost"
to make the Farmers Insurance Com
pany much more sue cessful than it now
is.
At meeting of the board of direc-
tors held Immediately after the annual
meeting, E. F. Brainerd was elected
president and treasurer and F. s.
Mexican, secretary, for term of two
years.
The Superior Telegram has two rep