The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-01-13
REPORTS SHOW
GOOD CONDITION
Annual Meetings OF Local Com.
panies Saturday

a number of Calumet business or
glnizations held their annual meet
.ngs Saturday evening. Without en-
ccption all had excellent reports to
offer the shareholders, some paying
large dividends
Finnish Mutual.
one of the most important meetings
was the :3rd annual OF the Finnish
Mutual Fire Insurance company,
which for length OF organization and
amount Of dividends paid. ranks as
enc of the strongest mutual insurance
companies ia the state, The meeting
was held in the Finnish hall on Eighth
street.
Ihrcn retiring directors. John Watti
Henry \. Kitti, and Dr. oscar II. Sor-
sen, were reelected with substantial
mdjuritjcs. Secretary Jacob Pcsouen
PRESENTED his annual report which
showed that the company had mem-
bcrship at the close of business Dec.
81, 1872. of .,50l. decrease of II for
the year The total risks in force
amounted 10 $2.S5IG0O. showing AN in
crease IN risks for the year of $500.
The IRE losses. considering the total
:isk, were not considered excessive,
amounting To 1855 80. \ very
pleasing feature of the report was the
announcement that the company had
disburscd in dividends to- members
during the past year S21.212.77 The
compauy's total resources at the end
OF the fiscal year amounted to s127.-
3SISI. an increase of $4,000 for the
year. The premiums collected amount
cd Ia S4t,SiP.ll, and interest received,
tiiliQi The membership fees FOR
She year amounted to 1886. Taken all
in al. the report is very pleasing
and satisfactory one, and much credit
is due the directors and officers for
this splendid showing
Farmers Mutual.
The Finnish Farmers Mutual In
surance company held it's eighth an
uual meeting Saturday. also in the
Finnish hall on Eighth street, and
elected directors Tor the ensuing year.
These directors will meet Saturday
evening for the election Of officrcs.
The Sccretary's report showed that
The company has a total insurance risk !
IN force OF sl,s32 900 It's membership |
totals 2,l39, a splendid showing cSu-
sidering its term of life. Like the Fin |
lish Mutual Fire Insurance comr,ny |
The Finnish Farmers disbursed al
splendid dividend. amounting to s13.-
l60.95. TO members Of five wears |
standing, The fire losses for the past
ear amounted TO st3.760.00.
Tho following directors elected arc.
lubn =. Westola. Sakris Niemala, Pc. |
cr lIalmkruna. Henry iowa, Eminan-
eel MilIko. Edward Uaara, Matti Kos
ava, Jacob Ojala and Arthur Abram-
on.
Calumet Mutual Co.
Tie annual meeting Of the Calumet |
Mutual Fire Insurance company was |
lcld Saturday evening i'm the com
.auy's offices. The reports were Of q |
cry satisfactory character. showing |
hat the company had enjoyed "A very |
year The membership is |
arec, and the fire loss small. a de- |
allied report was published in these |
columns recently.
The directors will meet the second |
Wednesday evening in February in the
,Ompanys offices for the purpose Of |
'lecting officers The following direct
RS were elected Saturday:
For term Of three ycars-F'rank |
H. Schumacher. Joseph Vcrtin. and |
George Hall. ST..
For two years. to succeed the late