|Cherokee County Business News
|Cherokee County & City Businesses|
|MID WEST AUTOMOBILE INS CO CHEROKEE IOWA |
History -- This company was incorporated under the laws of Iowa, February I8, 1920, and was licensed to transact business in the State of Iowa, May 22, 1920. It began to write business June 1, 1920. It has $150,000 authorized capital stock, par value $100, of which $100,000 has been subscribed and paid for in cash. The stock was sold at $125 per share, which produced an initial cash surplus of $25.000. No commission was paid on the sale of this capital stock and the company was organized without any organization expenses, which is commendable.
Management and Reputation -- The company will write fire, theft, tornado, collision, transportation aud property damage on automobiles and tractors.
The underwriting manager is Mr H. R. Spurrier, who was formerly in charge of the underwriting and agency of the Bankers Automobile Insurance Company of Lincoln Neb. He has had previous general agency and local agency experience since 1912.
The superintendent of agencies is Mr D. L . Hollub, formerly state agent for Iowa of the Employers Liability Insurance Corp., Ltd., of London and the Bankers Automobile Insurance Co., of Lincoln, Neb. He has had insurance experience since 1900.
Officers -- President, F. J. Stanosheck, Cherokee, Iowa, vice-president, of the Cherokee State Bank: vice-president, C. J. Maher, Cherokee, Iowa, attorney: secretary, CM Sullivan, Cherokee, Iowa, postmaster at Cherokee: treasurer, Roy H. King, vice president of the First National Bank, Cherokee: vice president of the First National Bank of Prlmghar, Iowa.
Directors -- The above officers and Gracey, Robert, president of the First National Bank of Holstein, Iowa: Hinman, Ralph, president of the First National Bank Primghar, Iowa: Donahoe, George, Dr. superintendent of the Cherokee State Hospital: Anderson C. G., chief train dispatcher of the Illinois Central Railway, Cherokee, Iowa.
Source: May 10, 1920, Best's Insurance News Vol XXI No. 1 page 31
Source: The Cherokee Times, Cherokee, IA Friday, Nov 11, 1870, pg 3