On Sunday June 12, 1881, Carl Grath had a loss by lightning and fire. The adjusting committee’s report to the directors appraised the loss as follows:
- Barn #1: $300
- Hay, Fodder, 3 tons/$5 each: $15
- Illegible Item: $174.50
- Farming Tools: $100
- Barn #2: $500
This loss led the directors to levee the mutual’s second assessment to policies in force, this time for $1,098.50. If we converted the value of the dollar in 1881 to today’s value, this claim would have been just short of $25,000.
Claims for the balance of 1881, 1882, and 1883 were few. The treasurer reported a cash balance on $58.35 at the January 1882 annual meeting.
The treasurer reported a cash deficit of $7.65 at the January 1884 annual meeting.
Unfortunately, on April 28, 1884, a fire destroyed Owen Roberts house and furniture. This led to the mutual issuing a third assessment to its policyholders for $650 on May 3, 1884.
At the 1885 annual meeting, the mutual had a cash balance of $9.75.
How different are the financial standings for our mutual today! At our annual meeting held in April 2020, our President/CEO Lois Wiedenhoeft reported total admitted assets of $8,779.213 for the year ending December 31, 2019.