Grand Forks daily herald and the evening times., 1914-07-01
may ORGANIZE mutual BURGLARY
PROTECTION INSURANCE COMPANY

sentative measures in their business
affairs.
The association was welcomed to
winston by President Thos. Craven
of the city commission and the re-
Spouse was made by ]. J. Nierling OF
jamestown.
Williston has planned several big
entertainment features for the visit.
ors, including a banquet tonight and
a visit to the federal irrigation plant
this afternoon.
secretary's Report.
h report Of Secretary w. G. Nc,
Fadden. of Fargo. showed the largest
membership in the history Of the state
organization. The membership al
present is 10. while a year ago there
we're but 6S8 enrolled. The repor,
showed las national banks, 61s state
banks and foul trust companies in the
state. The membership by institu-
tons is as follows: 144 national banks,
$50 state banks and four trust com
| panies.
Mr.. McFadden, in speaking of the
burglary insurance and bonds feature,
laid that 283 members of the associ-
alton are writing burglary insurance
through the association Office and that
$i.15S.sOo Of insurance is written
with annual premiums aggregating
$5.9s4.74. Bank depository and hdeI-
itN bonds written through the associ-
alton for the past year amount to
$886.165, with premiums of $2,2O1. SO.
The necessary funds. Mr.. MacFadden
said. to carry on the work of the as
ISOLATION successfully must be in
creased. These a only be obtained,
he said, In two ways: by increasing
dues or increasing the earnings of the
insurance department..
No Serious Losses.
The secretary reported no serious
losses to members of the association.
either by burglary, d%efalcation or
frauds. Their were three attempts at
burglary land there we're many cases
Of forgery and fraudulent checks re-
ported. They were mostly checks and
drafts passed on customers of banks
n not on the banks themselves. He
reported evera arrests and convic-
ions for burglary and forgery.
The time lock inspection work done
by William J. Hey has been espec-
tally helpful and successful. he said.
Two hundred and sixty-fve locks were
inspected and cleaned, and S265
turned over to the association. Mr..
Hey now has nearly 400 banks on his
list.
Mr.. MacFadden also referred to the
group meetings held at Minot, Fargo,
HAdiiu FOIhS anu MOLI. In OrQef TO
keep up the interest developed at the
group meetings. he recommended that
a meeting of group secretaries be held
annually.
Executive Council.
The executive council meeting held
several sessions during the year, he
reported. The first one was held at
Grand Forks, at which time R. S.
Adams, retiring president, was made
chairman of the council.
During the past year." Mr.. Mac
Fadden reported. IAN active campaign
has been carried on to establish the
school savings bank In the schools of
North Dakota. The effort has met
with the hearty support and cooper
alton of the department Of public in
struction. and a large number of
school savings banks have been estab-
ltshed or are in course of organiza-
ton"
The report Of H. E. sox, treasurer
from June 16. 1913, to September 1,
1918. was presented. He reported
turning over $426.69 in the general
fund, $507.77 in the protective fund
n $3.50 in the ti1Ae-lock fund to ].
r. Carley. of Grand Forks. the new
treasurer.
Mr.. Carley's report covered the
period from September 1, 1913, to
June Is. 1914. 1t showed a balance
Of s2so.52 in the general fund,
$972.85 In the time-lock fund and
~$l'30S.2S In the protective fund.