W. M. Fire Insurance Company

The Washtenaw Mutual Fire Insur anee Company convened at 1 . m. Wed ncsday, Ia the court room. Secretar} Fairehlld's animal statement was presented.and various matters pertaining to the company carne up for discussion Among otliers, the niotiou to grant a special assessment for the payment of O W. Slaytoifs loss of July, 1880, similar to the payment of D. W. Pötter'a loss after some consideration was tabled. The votes showed 104 members in attendance H. D. Platt, J. W. Wittg, E. M. Cole, II. Buren and Stephen Falrchlld were electec directors for the coming year. At the board j meeting, following adjournmen of general meeting at 5 p. m., II. D Platt was elected president, and Mr Falrchild, secretary. From Secretary Fairchild's anuual report for the year euding Dec. 31, 1888, we take the following items: Number of members Dec. 31, one j'ear ago, 2,050. Number added during present year, 136. Numbcr now in the company, 2,009, the number who have withdratvn during the year, etc, bcing 177 Net amount of property at risk by company uow $4,032,770, as against $4,10.",5S0, on Dec. 31, '82. Total available resources, $4,022, 990.0Ü. Total liabilities $1,125. Total receipts and income, $18,547.83. Of the last amount $10,6(58.70 were collected on assessmeuts levied duiing the year. Losses paid during the year, (ofwhich $489.77 eccurred in for uier years) $6,297.42. Salarios and fees paid to ofliceis and director?, $l,153.4r, as follows: To directors- H. D. Platt, $i;9.8U : d. tt. tt mg, iLui.yj, iit. x. ene, $00.35; Iloratio Burch, $89 ; to Stephen Fairchild, secretary, $599; to T. B. Goodtpeedi ex-director for 1882, !$8;i ; to various assistants, $80.35. All other expenses, (including office rent, printing, postage ftationery, $10,100 borro wed money, etr.) $11,002.40. Total expense?, $18,547.8;) Cash on hand. $34.50, as againat $384.27 on Dec. 31, '82. . One assessment was made during the year, the amount of al the assessments for the year being $10, 860. 20. The rate per cent.of each assessment on the property insured was .00275. No surplus f und was raised on the lastassess ment, and the company will probably not provide for sueh fund hereafter. The company pay two-thirds of damage on actual loss sustained on real or persona property.