Washtenaw Farmers Mutual

WASHTENAW FARMERS MUTUAL

The annual meeting of the Washtenaw Mutual Fire Insurance company was held in the court house Wednesday and statements of the business for the past year read and accepted.  Two hundred and five new members have been taken in during the year and 169 have withdrawn or had their policies canceled, making the present membership 3,016.

The local capital stock of the company Dec. 31, 1902 was $47,276.95, increased by $3,654.95 during the year.  $2,681.70 was canceled in 1902, making a net gain of $973.25.

The total resources of the company are $4,728,285.58. 

The total receipts of the company were $14,083.62 and total disbursements were $13,533.64, making a balance of $549.98 for the year ending Dec. 31, 1902.

John S. Spafford, of Manchester, was elected as director for two years to succeed himself.  A.R. Graves, of Ypsilanti, and G.L. Hoyt, of Saline, were elected to succeed themselves as cirectors.

H.W. Basset, Philip Duffy, and A.W. Chapman were elected for auditors by unanimous vote of the convention.

Secretary Childs spoke feelingly of the death of President Fred B. Braun and appropriate resolutions as adopted by the directors and previously published were read.