Page Twenty 



THE I. A. A. RECORD 



March, 1932 



BOOIVF: COUIVTY PAHM BIREAU'S band which played at the annual I. A. A. BANaUET, ROCKFORD, JAN. 28. 



Insurance Companies All 

 Report Gains During 1931 



Illinois Farm Supply Co. Considers 



Establishing Feed Service If 



Demand Justifies 



PROGRESS and problems in the co- 

 operative handling of life insurance, 

 automobile insurance, fire, windstorm 

 and hail insurance, farm supplies, lime- 

 stone and phosphate, 

 and in co-operative 

 auditing were re- 

 viewed in the Finan- 

 cial-Business Service 

 Conference during 

 the convention at 

 Rockford on Jan. 28. 

 Geo. F. Tullock pre- 

 ^k^"' ^^m sided. About 320 



m^/f^. j^/K^/i^ were 



The two most im- 

 Geo. F. Tullock portant problems in 

 the life insurance 

 field to come before the conference 

 were those pertaining to county quotas, 

 and of expanding Country Life Insur- 

 ance Company to do business outside 

 the state. It was decided to maintain 

 the present quotas and to confine the 

 company to Illinois. L. A. Williams, 

 manager of Country Life, pointed out 

 the trend in life insurance, particularly 

 the tendency toward larger policies and 

 the growing appreciation of life insur- 

 ance as a secure investment. 



Holds Rates Down 



The fact that almost every automo- 

 bile insurance company has increased 

 rates recently, while the Illinois Agri- 

 cultural Mutual Insurance Company has 

 maintained its old rates, was cited by 

 A. E. Richardson, manager of the auto 

 insurance company, as evidence that the 

 Farm Bureau member is a preferred risk. 

 He attributed the reduction in accidents 

 last year to the safety campaign put on 

 by the County Farm Bureaus. 



J. H. Kelker, manager of the Farm- 

 ers Mutual Reinsurance Company, de- 

 clared that this meeting was the best 

 the casualty company had ever had both 

 in interest and attendance. This is the 

 first time the company has held its 

 meeting with the other associated com- 

 panies. 



There is every reason to believe, ac- 

 cording to V. Vaniman, director of in- 

 surance service for the I. A. A., that all 

 three companies will make a satisfac- 

 tory growth in 1932. 



Three Plans Outlined 



Three plans of financing service com- 

 panies in unorganized counties were out- 

 lined by L. R. Marchant, manager of 

 the Illinois Farm Supply Company. Un- 

 der one plan the unorganized county 

 can receive service from an established 

 company in an adjoining county with a 

 minimum amount of investment and no 

 control of the business. A second plan 

 enables an unorganized county to be- 

 come aflfiliated with an established com- 

 pany in an adjoining county and have 

 joint control. The third plan is the or- 

 ganization of a new company with full 

 control within the county. 



Announcement was made that Illinois 

 Farm Supply had purchased several car- 

 loads of feeds recently in response to re- 

 quests for this service, and that con- 

 siderable study has been given to the 

 possibility of establishing a feed service 

 in the state, making available certain 

 feeds under the trade-mark of the or- 

 ganization. 



J. R. Bent, director of the limestone- 

 phosphate department, reported that Il- 

 linois used only about 40 per cent as 

 much of these commodities in 1931 as 

 in the previous year, but that the state 

 still used approximately as much as any 

 other state had ever used in a year. The 

 possibilities of direct purchasing and 

 merchandising of limestone and phos- 

 phate by the Association were discussed 

 and recommended for further study. 



The Illinois Agricultural Auditing 



Boone County Farm Bureau 

 Band Plays at Rockford 



Farm Bureau members are frequently 

 entertained these days at unit, county, 

 and even state-wide meetings by talent 

 from their own membership. A good 

 example of the kind of entertainment 

 they give was seen at the annual ban- 

 quet of the Illinois Agricultural Asso- 

 ciation at Rockford when the 75 -piece 

 Farm Bureau band from Boone county 

 played before 2,000 visitors and dele- 

 gates. 



This band is strictly a Farm Bureau 

 project started less than two years ago 

 to give the young people something 

 worth while to do. The band is made 

 up on the unit principle, having com- 

 plete small bands in five different com- 

 munities, which are all a part of the 

 county band. In this way bands are 

 available for local gatherings as well as 

 for larger affairs. 



Members of the band pay monthly 

 dues, which are used to employ a band 

 director and to purchase music and 

 other supplies. Harold Luhman, director 

 of the band, was a member of the Bel- 

 videre High School band when it won 

 the state and national championships. 

 He was also state champion soloist. 



Association had its best year in 1931, 

 according to F. £. Ringham, manager. 

 Three hundred and seventy-one audit 

 assignments were completed during the 

 year. Ringham reported a decrease in 

 the cost of audits as compared with 

 former years. The cost of Farm Bureau 

 audits decreased $4.93, while elevator 

 audits decreased $5.81 and oil com- 

 panies decreased $8.99 below the 1930 

 costs. . • 



v ,a: 



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Uncle Ab says more good ideas 

 have been killed by conference than 

 by contempt. 



