Jasper County Democrat, Volume 11, Number 84, Rensselaer, Jasper County, 27 March 1909 — MORE ABOUT MUTUAL INSURANCE. [ARTICLE]

MORE ABOUT MUTUAL INSURANCE.

In answer to the article on mutual fire insurance, we, (the bloodsweaters) wißh to say for the good of the insuring public, that it would be well for them to better understand what mutual fire insurance means. We find from reading the daily papers that Nebraska mutuals have become so currupt and unpopular the policy-holders of the mutual companies are organizing stock companies to have a stated amount of capital to re-insure the business of the mutuals. Also, that in Colorado the mutual companies have all retired on account of the numerous failures of mutual companies. According to the statement rendered by the Bern on, White an<\ Jasper Mutual in January, &909, showed a decrease in thqlr business for the year of At the present rate of loss on rislts for the beginning of this year - it will double last year’s losses of business. If there is occasion for any bloodsweating from either sidfe it certainly would come from the management of the Mutual Insurance Co., from the amount of business lost by the Mutual and the Increase of business of all active stock companies. , We give here a few objections given by farmers to Mutual fire insurance: 1. When they buy anything they want to know what the price will be. 2. If they buy an Insurance policy they want it to cover their property and not two-thirds value. 3. A farmer when he buya Insurance prefers to have the same to cover all hazards. 4. They prefer to have Insurance with a company who have the capital and surplus with which to pay losses promptly and not to be compelled to borrow money at prevailing rates at time of need. We (the Blood Sweaters) would say to the writer jf the former article printed in the Jasper County Democrat, that we ■ were taught when school boys, that if we should lose our marbles not cry about it. BLOOD SWEATER. *