The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-05-15
STATE HAIL ms.
A MUTUAL COMPANY
Day County Auditor Writes Interest.
rig Letter To Farmers and
Owners
To the Farmers and Land owners:

Wv IA tOhuI W tUt
State Hail insurance Law and call
your attention to some of the adyan-
tages and benefits 1t is to the farmers
OF the state. and ask that you give this
a fair trial. II we then find It is not
practical and does not save you money
we can two years from now, repeal
this law and get 1t off the statute
books.
This law Is the same as a Mutual
Company and is composed OF all the
farmers and land owners Of the state
of South Dakota, and II you, who have
been In the habit Of carrying insur-
ance in Old Line Companies or Mutua.
Companies. will now insure your crops
among yourselves. you can see that
the cost to you is going to be reduced.
We have in Day County a Farmers
Mutual Company composed of farmers
who are saving money in premiums
every year. and just think this Com
pany is composed of Snly a few men,
while I'm the new Has Insurance Law
you have all the far.Aers OF the state
combined in just one great big COM
pany. Isn't that bound to win out and
reduce the lost of insurance to you?
We have had a number Of people tell
us that the state cannot pay its losses
That is a very foolish statement. They
certainly can and will the same as any
other company-Mutual or Old Line.
Did you aver see a hail storm that COW
cred all Of Day County or the whole
state of South Dakota? No, you did
not did anyone else. II anything like
that occurred you could not get a
company to write a policy in the state
Did II v to you that we have
in the State Fire Companies composed
Of Implement Dealers who are nothing
more than the Implement Dealers O
the state bonded together for mutua
protection In order TO reduce the cos
of their insurance to them? Why no
the Farmers Hail Insurance on th'
same plan-with thousands OF mort
members? Same way with the Mer
chants Mutual, Druggists Mutuals ant
others.
Now, another item that will be a biz
saving in the State Hail Insurance De
partment is the overhead" expenses
You know that the Old Line Companies
have a great many high priced men t.
pay, Office rents, ETC.. and last-but moi
least-the commissions paid to agents
I do not blame the Insurance Com.
panies for trying to discourage you Oh
the State Hail Insurance proposition
as il means a loss of a lot of money
to them. Take in Day County las
year, the premiums received by Insur.
ance Companies amounted to $73, 4 %,
losses s36. 1868 profits to companies
pof,loV.Hf. LII you WOuucT WHY tucy
don't want you to try out the State
plan?
They tell you other states failed Il
pay a full loss and so will South Dako,
Ia. The answer to this is that the
state of South Dakota found out where
these other states failed and has pro.
tected herself against this and will
therefore be in a position to make full
settlements of all claims.
Now. don't take 1t from the above
that the County Auditors of the state
are going to make any money fol
themselves from this Hail Insurance
business The facts OF the case are
that, IL we could get all the farmers
of the state to cancel their right tc
obtain this protection It would save VI
all kinds OF extra work without any
additional salary, but we feel that II
is going to save the farmers money
and. as 1t Is their own company, we
want them to give 1t a fair trial. Re,
member you are getting your crops
protected for less than one half price
-35c per acre for $1,000 insurance in.
stead Of zoe to 90c.
/ know a number of our farmers ar,
carrying Mutual Insurance (as / wrot,
them MYSELF, and they rejoice in tn,
fall when they get their notice from
these companies that owing to tn,
small losses of your company for tn,
past season your premium will be $50.
90 instead OF $780," You are tn,
company, as 1t is Mutual, and II tn,
losses had been greater than the pre-
miums you would have been asked {,
come across" with an additional az
sessment instead OF getting a dividend
You are morally bound to try thi
out. and you will find II is a-good thin
and every year your premiums an
rates will be reduced.
Further. you have a year PRACTICAL
to pay your premiums without interesr
as you won't have to pay 1t until 20