PROCEEDINGS IOWA STATE FAIR MANAGERS ASSN. 59 



Mr. Clark : I move that nominations be closed and the secretary 

 instructed to cast the entire vote for Mr. Rowland. 



The motion was seconded and carried and the unanimous vote 

 cast for Mr. Rowland. 



Mr. Bacon : The result of the ballot for president is as follows : 

 Total number of votes cast, 78; Estel received 50 votes and Emery 

 28 votes. 



Chairman Moore: You have heard the report of the tellers, and 

 on said report the chair declares Mr. E. S. Estel of Waterloo duly 

 elected president for the ensuing year. 



President Estel : The next in order is nominations for vice 

 president. 



Member: I nominate vice president L. W. Emery to succeed 

 himself. 



The nomination was seconded. 



I move that nominations cease and that the secretary be instructed 

 to cast the unanimous vote of the association for Mr. Emery. 



Motion seconded and prevailed and the unanimous ballot was cast 

 for Mr. Emery. 



President Estel : We will now hear from Mr. A. R. Corey in 

 regard to Rain Insurance for Iowa Fairs. 



RAIN INSURANCE FOR FAIRS 

 By A. R. Corey, Secretary, Iowa State Fair 



Mr. Chairman and delegates of the County Fair Managers' Convention: 

 As requested by the Program Committee, I have endeavored to collect 

 and tabulate data covering the subject of Rain Insurance for Fairs. 



A questionnaire on this subject was prepared and mailed to the sec- 

 retaries of the county and district fairs and practically all have responded 

 to it. The reports of these fair managers show that there was consid- 

 erably more interest in rain insurance this year than a year ago. Forty- 

 two fairs in the state of Iowa carried rain insurance this year as com- 

 pared with eighteen in 1921. The total insurance carried was $308,550.00, 

 and the premiums or cost of the insurance amounted to $35,423.53. Nine 

 of these fairs collected $17,750.00 in losses. Comparing the cost and 

 benefit of rain insurance for the years 1921 and 1922 the results have just 

 been reversed. In 1921 eighteen fairs carried $221,500.00 insurance at 

 a cost of $18,359.80, and collected in losses $56,801.17. In 1922 forty- 

 two fairs carried $308,550, at the cost of $35,423.53 and collected $17,750. 



The reports reflect a wide difference of opinion among fair managers 

 as to the advisability of carrying insurance. Among the 92 fairs re- 

 plying to the inquiry, 37 favor insurance and 41 oppose it for various 

 reasons. Fourteen were non-committal. The general opinion of those 

 opposed to rain insurance is that if the fair is to be properly covered 



