The Washtenaw Mutual Insurance Co.

The past year has been an auspicious one in the history of the Washtenaw Mutual Fire Insurance Company. The compacy has been orgaoized under a new charter which will now run for 30 years. This reorgauization has been the result of considerable hard work by the offlcers, it beiog necessary to change the policies and open r.ew accounts with nearly 2,500 members. This work has been completed and the company starts on the new year with everything ingood shape. From the annual report ot the board of directors the following interesting facts are taken: MEMBERSHIPS. Number of members Dec. 81, of previou8 year - ■ ï.3 Number of members added durlng tne pretentyear 18 Total 2.M2 Deduct number of members withdrawn lurlng the year, and policies canoelled by reason of sale or otherwise - lM Number of members now belonging to the company -.-. 2.4" Net increase of membership in past year M RISKS. Amount of property at risk December 8L, of previous year _S4,'18,it0 CO Art7ear!...a.d'e.d.i"''D.8..: 338,650 00 Total 85,057,410 00 Deduct risks caucelled, withdrawn or termiualed 253,635 00 Net amount now at risk by company..f4,803,775 00 Net increase of capital siock lu past y(j&r 85,015 00 The company was unfortunate during the last four moiiths of 1889 and met with geveral heavy loses nmking an a-sessment of $1 40 on each 1,000 necessarv to balance up the aicouuis to Jan. 1. The running expenses of the company are light, the officer'8 salaries, etc., amounting to but $1,096 50 for the year, the expenses for office ren', stationery, etc, being but $190.86. In number of members and amount of risks carried the Washtenaw Mutual ranka among the be6t mutual companies in the state, and the cost to the members for carrying insurance is btlow the average. It is estimated that 260,000 persons in the United States are eogaged in busiüees depending solely on electricity.