418           MUTUAL TOWN INSURANCE COMPANIES.
SHELBY FARMERS MUTUAL FIRE INSURANCE
COMPANY,
TOWN OF SHELBY, LA CROSSE CO., WIS.
[Organized or Incorporated Oct. 19, 1874; Commenced business Nov. 24,
1874.]
President, HENRY FREEHOFF, Rte. 1, Coon Valley, Wis,
Secretary, PETER KIENHOLZ, Rte. 1, La. Crosse, Wis.
BALANCE SHEET.
Amount of ledger assets December 31 of previous year..     $10,608 08
INCOME.
Gross premiums on all business written
during the year ....................-....  $6,642 78
Assessments actually received on previous
years' assessments ....................         25 31
Policy fees: New, No., 544;
fee, $1.50; amount ......      $816 00
Additions: No., 67; fee op-
tional; amount ........           7 25
Total policy fees ........ ..........     823 25
Total collections ......  ...........  $7,491 34
Returned on cancellations ......  .........     519 36
Total premiums and assessments, less de-                                
  a
ductions ..............................     $6,971 98
Cash received as interest ...... ...........    210 94
For 79 transfers of policies, .Oc each ..        39 50
Total income during year ...........    ...........    7,222 42
Total assets of previous year and income .......    $17,830 50
DISBURSEMENTS.
Paid for losses, including $680.90 for
losses occurring in previous years        $11,494 95
Paid for fire department taxes ..........         6 41
Salaries, $600.00, and fees, $167.83, paid
officials .................                   767 83
Agents' compensation:
Policy fees ............ ................     823 25
Postage, printing and stationery    ... .....     96 77
Express, telegraph, telephone and ex-
change ...........                                 10
Paid appraisers' fees ..............I...l         17 50