Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-05-19
s4essssvjssh A1sts4f Fire T.fsrAncs ce@Ps%,.

A II. infitutionS delerve patronage
N E-on The public ia proportion 70 their uiefei-
n-E. The Mahachuletts Mutual Fire iniurance Coa-
many !, conGdered by many as coming under ths &c
nomination il being Incorporated for the oeneVoe n'
runof Of guarding is ahociates 1gant lofes OF oud-
;nys bv FIRE whether the fame fhould hapP oy ecci
dent Iightn ns civil oOmmOton, or toreI6n inVanou
the Prefdent and Directors therefore, nave rouSn'
nroper 10 Law before The public its pr ncples and gen
eal Gate Of It's funds 70 induce all Perions owning
hos(es or other bu ldngs within the Commonwealth
70 become Member Of the fame, and avail :hemeVes
of its vsntaees by mutual iniuranee We pear one
anotbers burheus The lois iu0ained by one tAis on
the company; whereas individuals heretofore were
OBLIGED ia cafe Of lois By fire, to apply TO their part Gu
lar frieads, and the benevoence Of the Puohc lot
aiinance; but in The preGent cafe an opportunity pre-
euts of having their property lecured upon the only
ull pra ipcs of inlurance, by calling INTO the lands
of the fociety mite equal TO The hazard OELy aud no
more Connag ations are generaliymore alarming ana
far more dlrefling mankind than Totes AZ lea 4nd
the Yeaoa is obvious 10 the former cele lht OF no
nrovion ha been made in this coGntry for the pro-
eion Of property ia caf Of Ere whereS' in the later
il il amoN universal Uoder this confederation, i IS
70 be hoped that hae loceties, who have been eit@6-
ihed for ,he pu1pol Of enlaging their uieunes to'
wards mankind as well a thoie gentlemen who have
been IN the bit Of ifung Pocte for the generous
defgp Of nlrng on buildings, will "a TAR extend their
motives of pccuniarv confederation are not 10 mpch
attached to the final gain the difference Of The pre-
mimi as 70 add another nhi;ution aed confer another
trn ~ on the citizens Of this Commonwealth Tor
fscurity and haPPnei.
The rates Of premium are from IS
to cent, on one hundred dollars, governed oy he
Indictment Of the TruGees. which depends on The mate
riaIs of which the hou!e IS built tho manner 81 occu
pyns it, and the relative ftuatlon OF the lame as 10
other Buildings - :
Although the Policies are iaued for
feven years, operates for any leis time - oVloH
is made. that when the property injured fhAu DC
aenatcd BY dea h. faIe, or by any othe means the
ALFRED may furrendcr his policy a. he ollce' 4nd re-
eeive fum aot exceeding his depoGt money.
The fees ariing from the policies,
ira osers eudorlements fOrfeits and ineTe accrung
hereon will in the whole time lin all probability pay
the erpence Of Office; in which cafe nothing can DC
taken from the funds, bus ablo ute lofes by hre
fortunately no ufs happens The property with neret
reverts back 70 rhe perfur VIII pad i (ezcePt hi'
proportion Of the relerved fuudsl the whol= funds
cf he company, placed 10 rhe funded ocks o. the
United States the interen Of which Is received guar
terly put INTO principal, and accuniuates much be-
Tond compound iRteTeh
The calculations are made upon the
whole number Of buildings, confirmed by FIRE n BSgo'
for the tic tern Of forty year, pat, tskeR from the
reco ds OF the Htorica Society commencing 10 '7S9
and Of couHe includes the great fire oil 100 from
= hith and companion with the inlhtuTions Of he
fame nature in Eag nd Yrgais, Nt7gy"t &c It CLEARLY
appears that the und- adequate 10 iuPpot the oS
ol more than ixteen houies annually of 1000 dollars
value ca Bu "a order to make each indi Idual OF
the company entirely lAi.6ed oihs indemnity ~ csie
az lo ~ very great conAgr ton Provihon - made
thar each member fhai NC Affected fun Gin proper
ton, tc make good iuch lofs but nor IN any event
TO exceed dollars for paid premium and de-
ont
1t is now thirteen months finCe the
rifques commenced without any lofs whatever There
is now 100000 collars injured in the Office, one 9Th
cf which is in the country. The funds are already
Respectable and 'ncreahng rapidly
Ey order IF tbe Prssitni nd Dirasor',
Andrew Cunningham, Sec'ry.
sEns Mu nsI Fire ErjayauOs 0Gr,
e. IS. tste.Srsa, Bsf'@.
Mar57. (3m-99)