The Springdale news., 1912-11-29
FARMERS MUTUAL FIRE IN
 SURANCE COMPANIES
SOME FACTS WORTH KNOWING
Extracts From Paper Read Before Meeting of Northwest Iowa Agents at Fort Dodge, Iowa Feb. 22, 1912 by C. <. Hunter.

The cost of old line Fire Insur- ance is well known but those ad- Yo aating Farmers Mutual eompa- nies harp on the cost of old line insurance but don't tell the public that they do not know what the cost Of Mutual Insurance will be i We want to give below the figures of the cost of Farmers Mutual In surance as compared with the cost of Old Line insurance. these illus i trations. We want to say, come from Iowa where they tell you the Farmers Mutual Is a success and is far cheaper than Old Line In surance,
 The following ARE THEIR OWN i figures and can be verified by the State Auditor
 The cost per thousand last year of many of the farm mutuals great i ly exceed the cost in an old line company. Herewith We give a few instances. and some of them will surprise you:
 The cost per thousand last year in the Butler County Farmers Nut ual Insurance Company was s42a. against the stock company rate of B. 50 This mutual is resisting one loss of $500 and at the end of i the year owed for borrowed money. ,80406
 The cost Der thousand for last year in the Farmers Mutual Fire Insurance Association Of Calhoun county was $50 Same as stock company
 The Farmers Mutual Fire and Lightning Association of Carroll county. S3 65. while the old line company rate Is $3.50.
 The Victoria Mutual of sass county cost last year $3 67 per thousand: the Dickinson county Farmers Mutual Insurance Com pany. $5.2&; the Floyd County County Farmers Mutual Insurance Association. $3.63. the Henry Coun- ty Mutual Insurance Association 5 a1; the West Side Mutual Fire Insurance Association of Cedar Rapids. $36o This company aW= ed for borrowed money al the end of the year $1,500 and the seere- tary $519.6S Remember old He company rate was $3.a0.
 The cost in the Farmers Mutual Fire and Lightning Insurance eo of Louisa county last year vas s4.74 ands at the end of the year 1t owed s3,700 for borrowed man= ey had one loss Of $ll925 not paid and loss of 5 900 not adjust ed Remember the Stock Comp any rate is $3.50
 The cost per thousand last year in the Farmers Mutual Of Mitchell County was $3.76; in the Farmers Mutual Of Story County. SPA. and owed sf.l00 for borrowed money The cost last year in the Farmers Mutual of Story City. doing busi ness in Story, Hardin and Hamil ton counties, was $4 93 the Farm CTS Mutual of Bremen county was s32l and they owed at the end of the year for borrowed money s3,- 900 Remember the old line com pany rate was $3.3 .30
 The cost in the Farmers Mutual of Buena Vista was $3.1+ and at the end of the year this Mutual Company. which keeps it's reserve in the pockets of its patrons. owed for borrowed money $7,783.34 Who owes this money? Why. the farm CTS who make up the company. 1 Did they borrow it9 No. but they give their credit and the security of their farms to some one else who does the borrowing Some of the farmers no doubt would be sur prised to know that the reserve was not in their pockets after all
 The cost in the Des Mones Coun- ty Farmers Mutual last year was s40S Der thousand, the Dubuque County Farmers Mutual. $as2, with debt for borrowed money of 1000 00 The Cascade Mutual of Dubuque and adjoining counties, B 32 Remember the old line com pany was $350
 Farmers Mutual of Castle Grove, Jones county, $493
 Pottawattamie County Farmers Mutual, s3.62. with cash on hand of $4781, and owing $2,959.19 for borrowed money; Farmers Mutual Protective Association of Van Buren county, s355, with 5 l,690 borrow cd money Wayne County Farmers Mutual $3.55. with $500 borrowed money Remember the old line company rate IS s3.50
 Farmers Mutual of Winneshiek and Alamakee, cost per thousand