Jasper County Democrat, Volume 12, Number 8, Rensselaer, Jasper County, 28 April 1909 — MUTUAL INSURANCE. [ARTICLE]

MUTUAL INSURANCE.

In reply to Mr. Stock Company, “Eh,” will sayit is an old adage that fools and children can ask questions. But a few years ago you was worried to death for fear the farmer would have to pay an assessment every time there was a loss. Now you are crying about borrowed money. The facts are we owe nobody a dollar and do not at the end of any year when our assessment is paid. That settles up everything and leaves us a sinking fund for future losses. When that is used we borrow to carry us till the close of the year. We have no trouble to get what we want and at a very modest rate of interest, and no watered stock. Now, Mr. Stock Company, when a farmer takes SI,OOO on his house in the Mutual and it burns down, he gets his SI,OOO, every dollar of it. If a partial loss he gets paid in full his loss. lou speak of the farmer saving pennies and losing dollars. Now the farmer seems too well satisfied with his condition and you are losing the dollars. The new Mutual does not employ men who have no interest to write their insurance. He must be a member of the company before he can work for them. Why did you not tell the people that the Mutual had decreased $500,000. It would have bqgn more in keeping with your stock companies logic? MUTUAL MEMBER.