The Dawson news. (Dawson, Ga.) 1889-current, 1912-03-23
THE farmers INSURANCE CO.
SOME FACTS ARE STATED FOR
THE BENEFIT OF MEMBERS.
The Rate Per Thousand Is and Has
Been Remarkably Low. The
Losses From Recent Storm.

10 Ine MEMBERS OF the Terrell
County Division of the Farmers Fire
Insurance Company: On Friday, !
March IS, cyclnoe passed through
the lower part of Terrell county and
did considerable damage to property
insured in the Farmers Insurance
Company. The company has taken |
immediate steps to adjust this dam |
age, and has used special precaution |
10 see to the correctness of the adj |
Justments by sending others along |
with the directors to assist them in !
making the adjustments. The pres |
ident of the company, Mr.. B. F. Mel |
ton, went with the adjusters, and
the adjustments are beyond question
correctly made. The losses for which |
the Farmers Insurance Company is
liable according to these adjust
ments amount to $4,420.90, which |
is an unusually heavy loss. This
fact being more or less public knowl-I
edge for the last few days several
have approached me on the subject
OF the effect of this unusual assess
ment upon the members, and this is
my reason for writing this to the
uSSlIdDl0
the members to know just where
they are at"
If all of the members had attend
ed the annual meetings which are
held in May of each year they would
have heard the reports Of the acts
and doings of the company read, and
thereby keep themselves posted.
However, since the early history of
our company in this county very few
members attend the annual meet
lngs. This division of the company
was established in 1901, and have
been filling the position of secretary
and treasurer since 1903. Exact rec
ords OF all the losses of the company
for the first two years have not been
kept, as no accurate system of book
keeping was inaugurated in the be-
ginning, but | ascertained the
amount of the losses and assess
ments made, and my annual report
made in May, 1904, shows that the
total of insurance for each one thous-
and OF insurance up to that time had
been $4.55. Since that time every
loss has been recorded, and the rec
ords of the company show the rate
per thousand on each assessment.
and at the end of each year. count
ing May as the end Of the year. this
being the time of holding annual
meetings. For the year ending Nav
IA, 1905, the rate per thousand was
S4.49; for the year ending May 8,
1906, the rate per thousand was
$4.78; for the year ending May Is,
1917, the rate per thousand was
SAIL; for the year ending May Is,
1908, the rate per thousand was
$2.45; for the year ending May IS,
1919, the rate per thousand was
1886; for the year ending May q,
1910, the rate per thousand was
$7.44; for the year ending May 20,
1911, the rate per thousand was
S6.l0, which is our last annual re-
port.
1t will be observed that the annual
rates as above shown averages $4.69|
per thousand on the amount of in
surance in force, and the losses for
which the assessments were made
covered fire, lightning and storm.
These figures may not be fully ap-
preciated by some who are unfamiI-
lar with the standard rate per thous-
and charged by old line insurance
for fire alone per annum is SIS. paw
able in advance, for one year; $30I
per thousand for three years, and
$40 per thousand for five years. 1t
will be readily seen that our rates
are about one-third the costs charg-
ed for old line insurance taken for
one year, and that the interest on
the long term policies will about pay
the assessments heretofore made by
the Farmers Insurance Company,
Notwithstanding the Farmers insur-
ance policies cover storms and also
insure tenant houses, which are con-
sidered a higher risk than residences
at least, the old line companies
decline tenant houses and will accept
only choice residences.
Even with this extraordinary
storm loss our rate per thousand
will be considerably less for the year
ending May 1912, than the old line
companies charge for fire insurance
alone.
1t is also important to bear in
mind that those unfortunate men, |
bers who happened to be in the path |
of the cyclone not only lost their
tenant houses, but must look after |
their negroes, who lost all (which |
generally is not so much according |
to market value, but which must be |
replaced with actual money by the |
landlord also the fact that farm |
ing operations are delayed this year |
by reason of the unfavorable wealth |
er, and these unfortunates must stop |
their farm operations to provide
place for the workmen, or tenants, |
to live, which fact alone will cost |
the unfortunate ones as much, pos
sibly, as the loss of the insured prop
erty.
This is the one time / desire to in
sist on every member paying as
promptly as possible after receiving
his card. I trust no one will hold |
back to save the monthly per cent
his money will bring him, as these
unfortunate members need the mon
ey promptly to provide a place for
their tenants to live Very respect
fully, w. H. GURR.
A Cold, La GPippe. Then PneumOnis