Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-03-17
MaDaeba/stt, Mutual Fire
MIarance Company.

A Ii inlfitutions dclerve patronage
4 \ from the public in proportion to their usefaI-
nefs The Msasehuic,ts Mutual Fire Inlurance Com
pany is conidercd by many coming under this de-.
nomination it being incorporated for the benevolent
purpoe Of guarding is aociascs aganN ioes Of build
ing. BY FIRE, whether the fame hould happ-n by acc-
dent, lightning. civil eommoon. or foreign nvaGon,
the Prefdent aud Directors therefore, have thought
proper to lay bore the public principles and gen
ersl late Of its funds, to induce all perlons owning
houfes other buildings within tho Commonwealth
to become Members of the fame. and avail ;hemiclves
OF its advantages. BY mutual innrsnce bear one
anothcr's burthtns The lof fuitsinrd by falls on
the company; whereas individuals heretofore. were
Obliged in cafe ios by fire. TO apply to their partcu.
lar frcads and to the benevolenec Of ,he public for
atance but in the prefent cafe opportunity pre-
tents Of having their property fcourcd upon the only
juN principles Of nfnrance, by eating the funds
OF the iocety sstf equal to the hazard any aud
more CONGREGATIONS generallymorc alarming, and
far more difreilng mankind than loAes at fea aud
the reafon is obvious Ia the former cafe lite or no
provGon has been made in this country for the pro-
lection of property in cafe Of fire. whereas in the latter
it is almoft universal Under this confederation il Is
be hoped that thofe focstcs, who have been eab-
lihed for ,he purpofc of enarging their ufcunes
wards mankind, well as thofe gentlemen, who have
been in the habit Of 1lins policies FOR the generous
defgn Of nuring buildings, will 70 far extend their
candor towards this Company to fuppoe that their
motives of pccuniary confederation not 70 much
attached the fmal gain in the difference of the pre-
MUM to add another iptuton, and confer another
opportunity the citizens OF this Commonwealth, for
fecnrity and Happiness.
The rates of premium are from IS
to rs cents hundred dollars, governed by the
judgment Of the Trutccs, which depends on the
rails Of which the houfe is built the manner of eccu-
plying it, and the relative ftualon Of the fame to
other buildings
Although the Policies are idued for
feven years, operates for any ei' time; provion
is made. that when the property injured fhall be
aenafcd BY death. fae, or by any other means, the
aAarcd may iurrender his policy the Office, and re-
ceve fun not exceeding his depoGt money
The fees arifing from the policies,
transfers. endorsements, foreits aud nterea accrung
thereon, WILL in the whole time lin all probability pay
the expence of Olive; in which cafe nothing be
taken from the funds but abioIu,s lohes by FIRE II
fortunately no lois happens The property with inerea
reverts back to rhe perfon who paid II except bis
proportion Of the reierved funds) as the whole funds
Of the company. placed in the funded ocks of the
United States; the interet Of which IS received quar-
tery, put into principal. and accunluatcs much be-
you'd compound interea
The calculations are made upon the
whole number Of buildings. confirmed by fire in Bsess
for the the Of forty years paf taken from the
records OF the itorcal Society, commencing IN 1889
and of coure includes the great fire of 100 from
which, and companion with the inaitutions of the
fame nature in England Y19nia, Nty~l, &c it clearly
appears that the funds ADEQUATE to fuppot the o
Of more than fifteen houfes annually, of 1000 dollar,
value each But, in order to make each individual oil
the company, entirely atisfed Of his indemnity in cafe
Of ofs by very great conasgraon proviGon is made
that each member fha be aieiled FUN Tin proper.
tion) to make good fch lois but not in any even,
to exceed dollars Tor one, paid premium and de-
poGt.
1t is now thirteen months fnce the
rifquci commenced, without any los whatever, There
is now 100000 dollars injured in the Office, fifth
Of which is in the country. The funds are already
Respectable and incrsafns rapidly
BY order Of tie Psssisns and Dira7ors,
Andrew Cunningham, See'ry.
AfsSsssui;n, Mutual Fi,s I.faraar Office,
Ne. IS. Sfste:frse, Bsao".
MarsI :. t,m--9o)