George M. Smith

As printed in 1911

GEORGE M. SMITH.

The problem of satisfactory insurance in farming CDninnmities and cities and towns is solved l)y mutual associations. These, if wisely managed, do away with the greater portion of the expense which attaches to the operations of the old-line companies, which are run entirely for profits and carry a force of high-salaried officers and.solicitors. The mutual companies are not run for profits, but only actual expenses of the organization are paid out of the annual premiums, and as such companies are usually nine cautious about risks, never over-insuring property or taking that heavily insured, they have solved the problem of protection for the people at minimum cost, the actual cost of such insurance often averaging less than one-half of that in old-line companies. At times a run of fires may seem to make the ])premiums and assessments seem heavy, but, taking the average for a length of time, it is found that any well-conducted mutual company operates a great saying to its patrons.

[This passage is too damaged in the scanned book to reproduce. See the original book.]

Mr. Smith was married on Januaiy 25, 1893, to Charlotte Walker, of DeWitt, and has two sons living, Harold and Karl. She is a member of the Methodist church. Mr. Smith is a Republican, and an Odd Fellow. He has been active in local politics and takes interest in all matters which concern the general welfare. He is a man who possesses much executive ability and business skill and whose enterprises have uniformly prospered. In his insurance company he has organized a society of much worth to his state. Personally he has gained many friends by his genial character.

As printed in Wolfe's history of Clinton County, Iowa (1911). See the original pages. Wording is the original; obvious scanning errors have been corrected, and a few may remain.