Nothing the "necessity of locating the home office of this corporation in a city larger and of more importance," the board authorized Secretary Fred Smith "to negotiate with the cities of Watertown and Sioux Falls, SD and learn what inducements they are willing to grant to secure the location of the home office..."
Watertown offered more attractive "inducements," as the next meeting of Dakota Mutual Life was held in Watertown on November 17, 1906.