Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1914-03-20
ECONOMICAL INSURANCE.
Farmers home Mutual Tornado
and Cyclone Insurance.

NRepflnC from January issue, 1914
Minnesota Dairyman, Northfield.
Minp.)
The Farmers Home Mutual Tornado
and Cyclone Insurance Company held
its annual meeting at the old capitol
building in st. Paul. Tuesday, Jan.
13, 1914. This was the sixteenth
annual meeting of the company, it
having been organized Jan. IL, 1893.
1t has grown in this time to a strong
company and affords reliable protec-
tion to its members. The reports
of the secretary and treasurer showed
the finances to be in splendid shape.
The balance on hand Jan. 1. 1913,
was $2o, 729. SO; received from vari.
GUS sources, $25, ,117.84, making
total of receipts and balance on hand,
$54. Sat- 22; paid losses during 1913,
$l8. $685. other expenses SIS, 906. "a,
making total expenditure of $24,~
596. 3S, and leaving balance on
hand of $50, ,25O.84. Insurance in
force Ian. 1. 1913, $15.2O9, 139.
and December 81, 1913, there was in
force SIG, PIG. 430 of insurance.
gain for the year of 81. OO7, ,291.
1t is hard to realize the immense
amount of property value protected by
this company. It was interesting to
watch the proceedings of this. the an
maui meeting. A little company of
farmers who had banded themselves
together to mutually protect them-
selves against the ravages of the
elements met to transact their bust.
ness. Their work represented the
ratification of millions of dollars Of
business and get it was all done, in
about an hour and half and without
a jar in the proceedings. If we an
alyze these figures we find the economy
of management almost beyond our
comprehension. The overhead ex-
pense of carrying this nineteen million
insurance was a little over three one
hundredths of one per cent 1t is
very evident that the policy holders in
this company are not paying their
officers any princely salaries. neither
are they building any brown stone
fronts in an eastern city. The sur
plus funds are safely invested and
drawing per cent interest The
members feel perfectly safe in this
their own company, knowing that all
losses will be promptly paid and no
money is wasted in expensive manage
ment. The principal Office is at
Madelia and Mr.. T. ]. Reynolds,
the secretary, has the custody of the
records, which are kept in fire,
proof vault. The other officers are
president, L. H. Bulls. West Con-
cord; vice president, and Huperin-
tendent of agents, r. J. Hall, Nor
ris; treasurer, H. E. Moehnke,
Dover: directors, John Linden, Her
man; A. D. Stewart Redwood Falls;
C. W. Colliander Harris; John W.
Papke Waseca and ]. M. Crawford
Beaver Creek.
This is the only Cyclone Company
holding membership. or in any way
recommended by the State Association
of Farmers Mutual Insurance Com
panies. The following Resolution
was adopted at recent meeting of
that body:
Whereas, The Farmers Home
Mutual Tornado and Cyclone Insure
ance Company shows steady gain
in membership and amount of insur-
ance, and
Whereas, The Directors are men
who are prominent members of their
respective Mutual Fire Insurance
Companies, and have shown in their
annual statements a careful and con-
servatiye management of the company.
therefore be it
i Resolved, That we commend this
company to the farmers of Mime.
sofa and ask the cooperation of the
Agents of each Township Mutual Fire
Insurance Company in securing risks
for them.