Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1916-09-01
The 9Th Annual Meeting Of the
Shenandoah Farmers Home
Mutual Fire Insurance Co,

The 37th Annual Meeting of the
Shenandoah Farmers Home Mutual
Fire Insurance Co., was held Ia the
Court House, Friday, Aug. 25th, inst
There was the largest attendance OF
members present In many years who
showed their great interest In the
Company, their approval OF the pol
| icy of the Board OF Directors and
their confidence in the officers, by the
unanimous election of Mr.. VIM. T.
Williams, President, for the eleventh
term, and MIR. r. L. Campbell, the
efficient Secty. and Treas. to succeed
himself Notwithstanding the bitter
fight made against him and the many
Misrepresentation made concerning the
management Of the Company. In all
of this they did we'll, for under pres
ent management the Company in the
last ten wears has written about three
times as much insurance as it wrote
in the twenty-seven preceding years
of its history. The total amount of
insurance now is approximately
THREE MILLION DOLLARS, and yet
with this large amount OF risks, the
loss Turing the past year was only
SITS Oh and large per cent of this
loss was due to lightning. Prior to
the reassessment made in 19l4-15, the
average loss for ten years was about
81, 10000. Some criticism has been
made on the small increase in ex.
penses. There has been no increase
in salaries except the Directors whose
paw heretofore was inadequate In
some cases, no more than pay the'r
expenses. The increase is due to the
growth of the Company and the cost
of books, ste tionary and stamps.
Some stress has been laid OF the fact
that notwithsta nding the small loss,
the same assessment was made this
year as last year when the loss was
much larger. The answer is this:
The assessment is low-much less
than old line company's rates, and
the Directors thought it wise to &C.
small surplus while the
losses we're small-thus avoiding an
increase in assessments when losses
we're larger, going into Bank to |
borrow money or mourning the cost of |
two or more assessments q year.
The surplus is now over 90, 900 which |
will be loaned at interest subject to
call. 1t is deposited in our County
Banks in the name of the Company.
1t appeared that the year last clos
ed was the most prosperous in the
history of the Company. s439, 1913 in.
surance was written, nearly all Of
which was new insurance. A small
per cent being belated reassessments.
The following Board of Directors
we're elected Chas. Kerlin, Samuel
aounshell, j. NJ. Kagey, F. Lee En-
swiller, S. E. Boyer, Geo. R. Cola
lay, Josiah Wisman, W. L. Green. E. |
Frank Ramey, E. M. Funk and G. E
Cougili, the last two from Frederick
County.
1t was evident to all members pres
snt that the Company had out grown
It's suit and that something must be
lone as to proxies. To meet the diff
guilty the following resolution was
adopted
On motion the officers and directors
If the Shenandoah Farmers Home
Fire Insurance Company are request
I'd to obtain an amendment to Section
No. of the Charter of said Company
by which all votes shall be in person
and none by proxy, and the presence
If One Hundred policy holders at any
annual meeting shall constitute q |
quorum, to do any and all kinds Of |
business, including the election of |
officers.