The herald-advance. (Milbank, S.D.) 1890-1922, 1918-01-11

H. F. Miller, Hurdsfeld
F. +. Hetzman, McCIusky
Daniel Nickisch, Wishek
Andrew Hiring, Villa
C.. B. Loewen. Hazen
j. ]. Dittbenner, Woodwork
John Klein, Underwood
B. C. Buri, Balfour
Aug. Grieppentrog, Great Bend
j. I. Harvey. Dodge
South Dakota
Christ. Treffz, Tolstoy
Otto Weinkauf, Stem
j. D. Steiner, Big Stone City
r. A. Berkner, Milbank
Frank Bohn, Butler
c. M. Fonder, Peev.r
VIM. Petrauch, Webster
Karl Martins, Revillo
H. c. Schussler, kidder
J. H. Schiefelbein, Clear Lake
August Knebel. Lily
Ole A. Vreim, Wilmot
L. 3. Meyer. Osceola
The reports from all of the
agents were that the past year had
been one Of the best years they had
had handling insurance, and the re-
ports of the officers of the COM
pany show good increase in the
business for the year ending Dec
ember 81, 1917.
From the Secretarysss 5 report we
see that there has been an increase
in the number Of policies issued
during the year Of 473, and gain
in insurance written of 81 ,082, ,499.
The total insurance carried by the
company now reaches $l1, ,248, l29.
The Treasurer report shows
that there were received from 1916
assessments 81 1862, and from
the 1917 assessments SAC. .6l8. so,
and from premiums on new insur-
ance S4.8l0.S8. There were paid
out on fire losses in the two states
$15,368.35; and for lightning losses
$3.50 cyclone losses S11, 1927.
The business in North Dakota and
that of South Dakota are kept sep
crate. That Of North Dakota is
some what larger in amount and
there are more agencies than in
South Dakota, there being 2,766
policies in force in South Dakota.
and 8 ,O91 in force in North Dakota
The total income Of the company
for the year was 7,871.l4, which
with the amount on hand at the be-
ginning of the year. $32. 76l. SO, to
tailed $50, ,633. 10. The disburse-
ments for the year, including all
expenses amounted to $40,561. .54,
leaving balance on hand of $40.-
O7l.56.
The Evangelical is one Of the few
mutual companies that have been
started in the Dakotas that have
been able to make progress year
after year with increasing business
and fuller confidence Of the public
generally. It is probably the most
ecoomicallys managed mutual in
surance company in the United
States, and it has thus been able
during the quarter of a century
since it was first organized to give
the lowest possible rate to its men,
bers and provide them with certain
protection.
There have been q score or more
of mutual companies that have
been organized in the Dakotas dur.
ing the existence Of the Evangelical
that have been unable to survive.
has lived and grown stronger every
year, and has proved boon to its
members in giving them safe and
cheap insurance. In doing this it's
management and officers are worthy
Of congratulation as they have
made the enterprise Of public bene-
fit in showing what a mutual in
surance company can do when econo-
mically and wisely conducted. The
delegates attending the annual
meeting were thoroughly pleased
with the condition in which they
found the finances of company and
gave the board Of directors and the
officers Of the company . vote Of
thanks for the careful and econo-
mical manner inswhich the affairs OF
the company had been conducted
during the year. Messrs. G. ].
Koch and B. II. Schwars were re.