262           MUTUJAL TOWN INSURANCE COMPANIES.
FRANKLIN FARMERS MUTUAL FIRE INSURANCE
COMPANY',
FRANKLIN AND OTHER TOWNS OF SAUK AND RICHLAND
COUNTIES.
[Organized or Incorporated January 16, 1877. Commenced business
February 17, 1877.]
President, R. M. M. DEDERICH, Lone Rock, Wis., R. 1.
Secretary, J. H. CARPENTER, Spring Green.
Express office of Secretary: Spring Green, Wis.
BALANCE SHEET.
Amount of ledger assets December 31 of previous year. .     $101 16
INCOME.
Gross premiums on all business written
during the year     .......................  $1,885 01
Assessments actually received on current
year's assessments ...................    21,404 36
Policy fees: New, No., 145;
fee, $1.00; amount ........   $145 00
Renewals: No., 271; fee,
$1.00; amount ............     271 00
Total policy fees ....... ..........     416 00
Total collections ..............     $23,705 37
Cash received as borrowed money ........     5,000 00
Total income during year ......... ................  28,705 37
Total assets of previous year and income ........  $28,806 53
DISBURSEMENTS.
Paid for losses, including $4,298.50 for
losses occurring-in previous years ......  $17,014 90
Borrowed money (date repaid: May 2,
1912, $2,000.00; May 6, 1912, $3,000.00;
Dec. 31, 1912, $5,000.00) ............... .  10,000 00
Interest on borrowed money .............      377 00
Salaries, $450.00, and fees, $100.00, paid
officials ..............................     550 00
Agents' compensation: Policy fees ......       416 00
Postage, printing and stationery .........     191 68