The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1910-10-18
SOMETHING new
IN INSURANCE
A REGULAR STOCK, OR OLD LINE
INSURANCE co. THAT IS WRIT
ING INSURANCE DIRECT WITH
THE ASSURED AND MAKING A
SAVING OF is PER CENT ON
THE REGULAR RATES.

Chas L. Thurber of Chatfleld, Mimi,
is in the city this week on insurance
business for the several companies In
which he is interested. Mr.. Thurber Is
secretary of the Security Mutual Fire
Insurance Co. of Chatfield, MINI, hav-
ing held that position since the or
ganization of the company, which has
been writing business since April %,
1898. This company is now the largest
and strongest Mutual doing a general
business in the west, and it's reputa-
ton for prompt adjustment and pay
ment of all honest loss claims Is unsur-
passed. Up to Oct, /, 1910 this COM
pany has paid loss claims of over
S3SO,000 returned to its policy holders
in cash dividends over $S5,000 and ac-
cumulated assets of over $4,000 as a
safety fund for possible excessive loss
es. At the present time the cash
premium receipts of the company are
from $4,000 to $4,000 per month and
its business is constantly increasing.
He is also vice president of the
Minnesota Fire Insurance Co., stock
company organized in 1909 with a
cash capital of 100000 and a surplus
of $4,000. The capital is now being
increased to 100000, the second issue
of stock being sold at $40 per share,
which will add another 100000 to it's
surplus. The stock Of the company
has been placed to a large extent, with
representative business men in Mime
sofa, North and South Dakota and it's
success from the start has been phe-
nomenal.
The first policies were issued Nov.
II, 1909, and UP to Oct. /, 1910. had
written over $2,500,00e of insurance on
which the premiums amounted to over
$4,000, which certainly shows that the
| people of the northwest have conf
dencs in the new company and its
management, and appreciate the saw
| ing made on the cost of their insur-
ance.
The company writes business direct
with the assured, giving discount of
Is per cent on the regular rates, when
the premium Is paid within ten days
from date of policy, thus dividing the
profits with it's policy holders and CIV
| ing them a Standard Stock Policy.
These companies as well as the Re-
tail Merchants Mutual Fire Insurance
! Co. of Minneapolis, are associated with
the Merchants National Mutual of this
CITY, and have large share of their
assets invested in North Dakota AT
the present time over $125,000 of North
Dakota farm mortgages are held by
these companies and over $4,000 OF
their cash funds are deposited In
North Dakota banks.
F. H. Wilder is secretary of the Mer-
chants National Mutual and o. M
Thurber is state agent of the Mime
sofa companies. All of the business
in this state is written in their new
office rooms at No. IL in the new "A
O. u. w building. The office is wei
equipped to take care of large line:
anywhere in the state on either tht
Stock or Mutual plans and is one 0.
the most complete and up-to-date in.
surance Offices In the northwest. 1
anyone is interested in insurance tina
not only protects, in case of loss, bu
saves one money as well, 1t will pa.
to investigate what this ONCE has tt
offer.