366 BOARD OF AGRICULTURE. 



matter how small it may be. I have said unsolicited. Can we today 

 realize the fact that while mutual insurance was for years struggling and 

 battling for existence, each individual company acting independently and 

 alone, that there comes to the rescue a band of noble men organized as 

 a national association, and which today is the thorn in the flesh to all stock 

 couipaniesV Their influence is feared and felt, and as a resillt of this na- 

 tional work in our behalf our interests have grown and prospered. The 

 State of Iowa perhaps is better represented in the National Association 

 than any other, and as a result I wish to show you in this connection the 

 marvelous growth of mutual insurance in that State. It is found by the 

 last Auditor's report that the amount of insurance in force in strictly 

 mutual associations had increased from $49,735,098 in 1888 to $392,098,481, 

 and that the average amount carried by each association in 1888 was 

 .f474,o84, while on .lauuary 1, 1004, the average amount carried by each 

 association was $2,082,624. This is certainly a marvelous growth, but the 

 promoters of this great work are also the most active and enthusiastic 

 workers in the National Association. " 



In conclusion of this report I desire in the language of the I'salmist 

 to t'litieat you to "Lift up your eyes unto the hills from whence cometh 

 your help." 



Mr. Forbes: I would like to add a little item to the report. W^ ha v.' 

 what is called the Manual Conuuittee. We are getting up a mutual in- 

 surance manual that gives the report of every mutual insurance company, 

 gives all the methods of doing business and all the particulars we are 

 gathered here to discuss. I invite Dr. Saunders in inviting you to come 

 to the meeting in Chicago. There is where we started in 1894. Come to 

 Chicago and meet Avith us again, take part with us and help us as we are 

 trying to help you. 



Secretary Nowlin read the following report: 



Indianapolis, Ind., January 5, 1905. 



To the Offlcers and Members of the Farmers' Mutual Insurance Com- 

 jKinics' Union of Indiana: 



(ientlemen — As your Secretary I beg to submit the following report 

 for the yea]- ending .January 5, 1905: 



RECEIPTS. 



Halance on hand January 8, 1904 !i; 27 59 



Dues received after January 8. 1904 K> 00 



Cash from ('has. Downing, sei-retary 10 CO 



Assessments from t wenty-nine companies 72 5' • 



.Menihr-rship fees Jannai-y 5, 1905 It 00 



Dues .laininrv 5, 19(t5 40 (K) 



rii 



Total $181 09 



