Jasper County Democrat, Volume 8, Number 42, Rensselaer, Jasper County, 20 January 1906 — NINTH ANNUAL REPORT of the FARMER’S MUTUAL INSURANCE ASSOCIATION [ARTICLE]

NINTH ANNUAL REPORT of the FARMER’S MUTUAL INSURANCE ASSOCIATION

Of Benton, Jasper and White Counties, Ind., for the Year Ending December 81, 1905. Ins. in force Dee. 31, 1904 - t1.896.r51.0i Net gain for yAr 1905 - - 2iW.657.00 Ins. in force Dec 31. 1905 - 2,156,216.00 RECEIPTS. Assessment No. 7 - t 2,721.44 Premiums collected - 3 ( <.68 Money borrowed - 3,500.00 Total t 6.607.12 DISBURSEMENTS. Overdrafts as per last report ------ t 182.08 Expenses for year - 42549 Losses paid ------ 5,982.75 Balance on hand - - - 16.80 Total t 6.507.12 Jan. 4, C. G. Hammond, loss household goods by fire - - 10.00 Feb 12, David Miller, farm implements by fire - - 33.33 Apr. 21, L. S. Alter, loss household goods by fire - - 1.50 May 1. C. W. Anderson, loss household goods by fire - 36.80 May 15, Ferguson & Eubank, loss barn and corn house by fire 450.00 May 24, Jas. Gilbert, one calf killed by lightning - - - 4.00 May 24, John Zehr, one sheep killed by lightning ... 4.00 May 29, Carl Jennings, 2 cows killed by lightning - 63.33 May 29, Margaret Holliday, 1 horse killed by lightning - 66.67 May 30, F. E. Fisher, 1 cow killed by lightning ... 33.33 May 31, Melville Julian, 1 cow killed by lightning - - 26.67 June 2, George Gardner, 1 horse killed by lightning - - 110.00 June 6, Louis Wynkoop, 1 cow killed by' lightning ... 23.33 June 7, Ed McKllllp, damage to barn by lightning ... 15.00 June 7, Anson Hoppe, 2-year old heifer killed by lightning - 13.33 June 13, Chas. Budreau, damage to barn by lightning - - 5.09 June 21, Alex Telfer, 2-year steer killed by lightning - 23.33 June 21, Burdette Porter, 3 year steer killed by lightning - 33.33 June 23. Louis Penwright, damage barn by lightning - - - 6.00 June 23, J I. Adams, 1 cow killed by lightning 24.00 June 23, E. H. Burr, 2 horses killed by lightning - - 160.00 June 23, Geo. Tyrell, loss on cattle by lightning - - 23.33 June 26, Jas. C. Lodz, 1 calf killed by lightning ... 5.07 June 26. Wm. and M. Booth, 1 cow killed by lightning - 40.00 June 29, Kezlah Whitmore, 1 cow killed by lightning ... 33.33 July 6, Oram A. Clark, damage to horse by lightning - - 60.00 July 5, Oram A. Clark, damage to barn by lightning - - 200.00 July 5, Wm. V Spencer, damage to barn by lightning - - 2.50 July 6, Lida A. Milner, 2 horses ' killed by lightning - - 190.00 July 5, M. I. Adams, 1 heifer killed by lightning ... 13.50 July 11, Ed L. Grobe, 1 hog killed by lightning 8.00 July 12, Geo. Gardner, damage to horse by lightning - - 40.00 July 15, Oram A. Clark, damage to horse by lightning - - 20.00 July 19, C. Gulmond, barn destroyed by fire - 600.00 July 19, David Hebert, heifer killed by lightning ... 5.00 July 19, H. Gulmond, loss hay, grain and horses by fire - 403.86 Aug. 1, Chas. Dluzalc, 2 cows killed by lightning ... 50.07 Aug. 1. John Farmer, our share of loss on steer killed by light. 1.03 Aug. 1, H. Kolhoff, damage to wind mill by lightning - - - 25.00 Aug. 2,’ Edw. Harper, 1 cow

killed by lightning . - - 27.33 I Aug 3, Burdette Porter, 3-year I steer killed by lightning - 35.00 Aug. 9, S. O. Dyer, part of Lury Peck est. loss by fire - 70.00 Aug. 9, Eliza and .Simon Gish §art of Lury Peek est., loss y fire ------ 80.00 Aug. 9, Mary C. Lyon, part of Lury Peck est., loss by lire 50.00 Aug. 9, Lury Hoppe, part of Lury Peck estate, loss by fire - 50.00 Aug. 9, Hannah Spencer, part of Lury Peck est., loss by fire 50.00 Aug. 15, K. P. Chenoworth, 1 cow killed by lightning - 23.33 Sept. 4, Earnest Dolby, yearling heifer killed by lightning 10.00 Sept 4, David Miller, yearling heifer killed by lightning - - 13.33 Sept, 4, Anderson & Swanstrom, yearling steer killed by light. 14.67 Sept. 14, Chas. H. Banes, yearling colt killed by lightning - 60.C0 Sept. 14, Frank Miles, 1 cow killed by lightning - - 26.67 Sept. 14, Otto Anderson, 2-year heifer killed by lightning - 12.60 Sept. 20, Catharine Kuhlman, damage to house by lightning 1.50 Sept. 21, John Zehr, brood mare killed by lightning ... 150.00 Oct. 10, John Braatz, calf killed by lightning - 15.00 Oct 19, Lawson Bros., barn and contents by fire - - - 1,000.00 Oct. 23, John J. Faraboe, 2-year old colt killed by lightning - 83.33 Oct. 24, W. H. Cheadle, 2 pigs killed by lightning - 4.00 Nov. 10, Mosea Cyr, barn and contents destroyed by fire - 1,216.66 Nov. 13, Wm. Nowels, house and wind mill destroyed by fire 195.00 Nov. 13, W. A. Timmons, household goods destroyed by fire 40.00 Total losses for the year - 15,982.75 Total disbursements - - - 6,590.32 Ins. In force Dec 31, 1901 - $1,027,392.43 Net gain for year 446,853.78 Ins. in force Dec. 31, 1902 - 1,474,246.21 Net gain for the year - - 221,516.54 Ins. In force Dec. 31, 1903 - 1,695,762.75 Net gain for the year - - 199,796.57 Ins. in force Dec. 31, 1904 - 1,895,559.32 Net gain for the year - - 260,657.00 Ins. In force Dec 31, 19C5 - 2,156,216.00 Have you got lightning rods on your buildings? If not why not? Have you ground wires about 200 feet apart on all your wire fences? If not why not? Please remember that out of a total of 58 losses, 12 were caused by fire and 46 by lightning. There are only two kinds of Insurance, namely, Mutual, which has for its object insurance at cost; second. Old Line, whose primary object la dividends to Its stock holders. Have you considered the radical difference In the fundamental principles underlying the two kinds of Insurance? The stock company Is founded upon the principle of gain to Its stock holders, while the mutual is founded upon the principle of benevolence. We can not trace this system to Its orlgen but think that it began with neighbors helping a brother in distress. Soon organized relief became apparent, ending In the highly organized mutuals of the present day. The officers of the mutuals are simply the agents of the members, who collect the funds, adjust the losses and constantly look out for the welfare of ttie members in various ways. The reasons why every one should Insure In the Mutual Is because It is founded on correct principles and because It pays them to do so. Our Association has saved for Its members during the past year at least $3,660. We have nothing against stock eompariles. The officers and stock holders are running them for the same reason you are running your farm--to make money. Naturally they are managed carefully, though somewhat expensively. The point we make against stock companies Is that a capital stock is not necessary, as the policy holder must pay all the bills. It is not the stock companies that we object to, but the farmers who permit themselves to be bled year after year when they can so easily band together for their own protection. Respectfully,/ -W. H. CHEADLE, Pres. MARION I. ADAMS, Solicitor.