Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-04-14
MaGe5yehs Mmu0l Fire
Mlnrance COMPANY.

TX
4 y from The public in proportion TO their ulefu-
nefs. The s1ailachuleus Mutual Fire Insurance Com
.pany is coudcrsd by many as coming under this de-
nomination il bling Incorporated for the benevolent
purpofs Of guarding aocatcs againlt oes of build
ngs by fire, whether the fame ould happen by acct
dent, lightning. civil oommotion, foreign nvaion,
the PRECEDENT and Directors therefore, have thought
proper lay before the public, its principles, and gen
eral fate of ts funds, induce all perlons owning
houiss other buildings within the Commonwealth,
TO become Members of the fame and avail ;hemlelves
Of its advantages by mutual inluraaee bear one
asothers burthens. The ofs fufaned by one fails on
the company; whereas individuals. heretofore. were
obliged in cafe OF los by fire. to apply TO their part Gu
lar iiends, aud to the bensvoenee OF the public Tor
aifance bur in The preient cafe opportunity pre-.
tents of having their property iccurednpon the only
jun principles of iniurance, by eating into the funds
of the iociey sts equal the hazard only, and No
more. CONGREGATIONS are generalymors aarmipy, and
far dnrehirg to mankind than loies at fea; sad
the reaon is obvious. In the former cafe little or no
proviGon has been made in this country for the pro-
lection of property in cafe OF fire. whereas nthe Latter
it is almoR sniverfal Under this confederation, it 10
to be hoped that thofe lociees, who have been elab
ihsd fot he purpofe of charging their uefulnes to.
wards mankind as well as thoie gentlemen, who have
been in the habit of uing policies for the generous
deign of nfuring buildings, will 10 far extend their
candor toward, this COMPANY as to iuppoie that their
motives of pecrnisry confederation not 70 much
MUM add another initution, and confer another
opportunity the citizens of this Commonwealth, for
fecurity and happiness
The rates of premium are from IS
IS cents on one hundred dollars, governed by the
judgment Of the TnA -, which depends on The mate
rsls of which tho homie Is built the manner OF occu-
plying it, and the relative tuatlon Of the fame az TO
other buildings
Although the Policies are illucd for
even years, il operates for any efs tme asprovfon
is made, that wten the property injured ihali be
aIienated by death, fale by any other means the
aGursd may furrender his policy a, the Office aud re-
eeivs a FUN not exceeding his depoft mony.
The fees srifing from the policies,
thereon will, in the whole time lin all probability pay
the expence of Office; in which cafe noting can be
taken from the funds, but ahfouts loles BY fire. II
fortunately ofs happens, the property with intere
reverts back to rhe per.on who paid 1t (acert bis
proportion Of the referved funds) as the Whole funds
OF the company are placed in the funded itrks OF the
United Ststes the ntere of which is received quar-.
terly put into principal. and accumulate much be-
yond compound intersf.
The calculations are made upon the
whole number 81 Suildngs, confirmed by fire in BgOs
for the the of forty years pan, taken rom the
records of the Horcal Society, commencing IN 1859,
and feourfe il includes the great fire of no; nom
which, and comparifon with the inintiots OF the
fame in E,sklsi V1giis Nsrsyert &c II clearly
appea that the fund.- adequate to uppo the lois
of more than ixtcen houfss annually of f6p dollar
value each But, in order make each ind idual of
the company entirely iatisned OF hs indemnify ~ care
of lois by very great eonAagration provhon made,
tina, eaoh member fall be aheilcd fun lin ropor-
tion) to make good fuch ois bat not in anl event
to exceed two doas for one, paid as premium nd de-
poft
1t is ncw thirteen months fince the
rique, comb need. without any ioi' whatever There
is now o4oceo dollars injured in the Office, onl fifth
of which is in the country The funds arc afeady
Respectable and nersafing rapidly.
BY sya.y of ibs P,ssisrf ans Dhsssys,
Andrew Cunningham, Ssey.
NsEas51Ist, Mutual Fire kigysWc Or,
M. IS, Stass.jLsa. Bsasa.
MsnB 7. t3u--oo)