Tri-State Mutual Grain Dealers Insurance Co.The following appeared in the Rock County Herald on July 16, 1916:INSURANCE COMPANY ORDERS BIG DIVIDENDTri-State Mutual Grain Dealers Insurance Co. Holds Annual Meeting—Officers are Re-Elected.After adding $2,000 to the reserve fund, a dividend of 50 percent of the premiums collected on policies during the past year was declared at the annual meeting of the stockholders of the Tri-State Mutual Grain Dealers’ Fire Insurance company held in this city Tuesday afternoon.This company is composed of grain dealers throughout Minnesota, Iowa and South Dakota, whose elevators are insured at the regular old-line fire insurance company rates, and at the end of each year the excess premium is returned to policy holders in the form of dividends.During the year just passed the company wrote $2,643,225 of insurance, receiving $42,796.00 as premiums there-on, and sustained nine losses, aggregating $15,055.15. Of this amount $4,153.52 was paid by other insurance companies that carried risks on the destroyed property, making the net fire loss for the year $10,901.63.The company was first organized fourteen years ago, and during its early existence returned as high as 95 percent of the premiums to policy holders, while last year the dividend was 40 percent. During the entire existence of the company the annual dividends have averaged 53 percent. In addition to this remarkable showing the company now has $34,065.93 of assets, consisting of $32,286.77 deposited in banks, $373.04 in premiums not over 30 days due, and $1,406.12 in accrued interest, with all losses paid in full.The board of directors of the company consisted of E.A. Brown, of the city, president; H.S. Greig, of Estherville, Ia., vice president; E.H. Moreland, of this city, secretary; B.P. St. John, of Worthington, treasurer; W.Z Sharp, of Sioux Falls, South Dakota, agent; W.J. Shanard, of Bridgewater, S.D., and A. H. Betts, of Mitchell, S. D., all of whom were re-elected for the ensuing year. The secretary was also authorized to employ an assistant.Donations to the Rock County Historical Endowment Fund can be sent to the Rock County Historical Society, P.O. Box 741, Luverne, MN 56156.Mann welcomes correspondence sent to mannmade@iw.net.