THE NATIONAL NURSERYMAN 
87 
smaller amounts more in proportion to insurance carried. 
Some who were not willing to pay the one per cent, premium 
on stock in storage wanted short term rate, but as it would 
be about the same with all of us we hardly see the necessity 
of bothering with short term rates. 
While the cash guarantee fund plan has met with the ap¬ 
proval of a majority of the leading nurseries who have reported, 
we have another to suggest which we believe has some ad¬ 
vantages. This we have taken from the Indiana Millers 
Mutual Fire Insurance Company. 
Instead of a cash guarantee fund they take a note for the 
fu 1 premiums for five years—for example—on a policy of 
$10,000, at one per cent, this wou'd be $500, and on $1,000 000 
of insurance would give a fund of $50,000. 
These notes, according to the laws of Indiana, are not 
assessable for taxes and they are not interest bearing. 
For complete explanation of this plan and method of 
operat on we read you this circular. : 
Of course some modifications of this plan 
might be necessary to adapt it to our use. 
We also have their application blanks 
with form of note attached, which we can 
read, or will be glad to have those interested 
examine. 
Explanation of Plan. 
Take your present board rate and figure 
with that rate as the basis, you can readily 
arrive at the amount of the premium note re¬ 
quired in your particular instance. 
For example, if your present board rate is 
two per cent., it. would be $200 for $10,000 
insurance per annum; multiply the $200 by 
five, which would give the amount of the 
deposit note, which would equal $1,000. We 
collect ten per cent, of this note on delivery 
of policy, or an amount equal to one-half one 
annual premium. This cash payment is 
treated as a cash deposit, which is held by 
the company to secure the payment of the as¬ 
sessments as they accrue. At the end of each 
six months the amount earned of this $100 is determined, 
and notice of this amount is mailed the secured. When this 
is paid, which we term an assessment, it restores in full the 
original cash payment of $100. Illustrating from the exper¬ 
ience of the Indiana Millers Company, at the end of six months, 
instead of paying in $100, it would cost but $55, and when 
that amount is paid the credit would stand again at the orig¬ 
inal $100. Should the assured decide to withdraw from the 
company there would be returned on this basis of figuring 
$45.00 of the original $100 paid. 
It is expressly stipulated in the premium note attached 
to the application, as you will see, that it is "not negotiable” 
and payable only in such installments at such times as the 
directors may order and assess, for the losses and expenses 
of said company, pursuant to its charter and by-laws. It 
is hereby expressly understood and agreed that there is no 
liability beyond the face amount thereof, “and that upon 
termination of said policy by surrender and cancellation all 
liability of the maker shall cease. Our policies will contain 
the usual provisions lor the discontinuance or cancellation of 
the insurance, either bv the assured or by the* company at 
pleasure, in which event note and policy will be cancelled and 
surrendered. 
Policies are issued for live vears. 
The foregoing plan is strictly in accordance with the Indiana 
law providing for the organization of mutual fire insurance 
companies, and under which the Indiana Millers Mutual Fire 
Insuiance Company was organized, and has been in successful 
operation for the past 15 years. 
E. W. KIRKPATRICK. 
President E. W. Kirkpatrick, of McKinney, Texas, elected 
at Atlanta to preside over the American Association of Nur¬ 
serymen during 1904-5, went to Texas from Tennessee in 1854. 
He has been a nurseryman and fruit grower for thirty yeais. 
He has been active in several organizations devoted to this 
industry. He has been president of the 
Texas Nurserymen’s Association for years, 
and is a member of the Southwestern Asso¬ 
ciation. He is an officer in the Farmers’ 
Congress and was commissioned to organize 
farmers’ institutes. He is president of the 
Texas Nursery Company, which has been 
quartered at Sherman, Tex., McKinney, Tex., 
and Durant, Indian Territory. He is also 
president of a fruit-growing company at 
Whitesburg, Tex. Mr. Kirkpatrick has long 
been prominent in the councils of the Amer¬ 
ican Association of Nurserymen, and his 
advice on all subjects connected with the 
nursery business is sought for. He is able 
and aggressive-, and the Association is sure 
to benefit by reason of his leadership. 
E . W . Kikkp atri c k , 
President American Association of 
Nurserymen. 
J. Horace McFarland, well known to nursery¬ 
men of the American Association is the author of 
a volume entitled “Getting Acquainted with the 
Trees.” The book .is particularly attractive notonly 
account of its subject matter but by reason of its unique illustrations 
and typographical excellence. The illustrations are from photographs 
by the author and the work is printed at his Mount Pleasant Press, 
Harrisburg, Pa. Mr. McFarland treats the subject of trees from the , 
view-point of the amateur and thus gets a little closer to the average 
reader than is ordinarily done. It is with an affection charaeterstic 
of the true tree lover that the author treats of the various kinds of 
trees in our country and his illustrations actually convey the same 
impression. “The red oak, the black oak, the scarlet oak, all splendid 
forest trees of the Northeast,” says he, “are in the group of confusion 
that can be readily separated only by the timber-cruiser who knows 
every tree in the forest for its economic value, or by the botanist, with 
his limp-bound Gray’s Manual in hand. I confess to bewilderment 
in five minutes after the differences have been explained to me, and I 
enjoyed, not long ago, the confusion of a skilful nurseryman who was 
endeavoring to show me his young trees of red oak which the label 
proved to be scarlet! But the splendidly effective trees themselves 
can be fully appreciated, and the distinctions will appear as one studies 
carefully the features of these living gifts of nature’s greenness.’ 
There is an index and list of botanical names. Cloth, Pp. 24], $1.75 
New York: The Macmilla.VCo. Rochester: ScraNtom, Wetmori 
A Co. 
