Annual Meeting

The annual meeting of the Washtenaw Mutual Fire Ins. Co. was held in the court room last VVodnesday. There were nearly lóOmembcrs present. The total memborship of the company is nearly 3,000. During the past year only 121 have dropped out while 370 new tnembers have been added, thus mak. ing a net gain of 159. The net increase in the capital stock has been $434,990The amount cancelled during the year was $316,700, making a not increase of $182,290. Tho large cancellation was duo mainly to a resurvoy which was made during the past year of all the propcrty of the company. Tho caneellation were mainly due to natural decay in buildings. John F. Spafford, William Campbell, and Edwin Ball were ro-elected directors. The board of auditors eleeted consists of J. W. VTlog, H. W. Bassett and W. Chapman. A moeting of the board of directors was held just after the general meeting. Emery E. Leiand was eleeted president and W. K. Childs, secretary. In the matter of the loss of David Rockwell, of Sylvan, whieh was rejected because Mr. Rockwell could not prove titlo at the time of the loss, it was decided at the annual meeting that the secretary in making his next annual assessnicnt, should bo make his assessment, that those who saw fit might, if they chose, pay their hare of this los, The assessuient for the past ycar was only 1.20 por $1,000. Thia is pretty cheap insurance, and the farmers should appreciate it. lt is an especial ly good showing whon it is considered that there were 5.j losses to be adjusted and that a resurrey of all the property of the corapany was made at a necessarily large oxpen3e. The increase in the business is shown in the faet that the insurance fees colloeted by tho directors amounted to $748.25, whk'h is a much larer amount than usual. During the past 4 years the average oost Der 1.000 Der vear has been only 1.05. ïhis is not paid until the end of the year. In any of the old line companies one must take a policy for at least three years and at a cost of Í5.00 per year perl,000, or $15.00, which must all be paid in ad vanee. If the farmer would take this $15 and put it out at 7 per cent. interest, he would get enough in interest to pay his insurance íd the Farmer 'a Mutual, and have his $15.00 besides, at the ead of the throe yeara. This itom is something that overy farmer in the county should give his careful consideration.