Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-04-28
Mq0acbHlshs Mutual Fire
InInrance Company.

a IL inititutiOns delerVe patronage
K y irom The public in proportion to their uieiu-
neis. The MalaChuicts Manual Fire lniursnce Com
pAny IS conGdcIss by many coming under this de-
nomination ii being incorporated Tor the benevolent
purpofe Of guarding aOci4tcs asaIn loes Of build
ngs by FIRE, whether the fame lhouid happen by
dent, lightning civil cOmmoton. or foreign nv ahon
the Predent and DIRECTORS therefore, have thought
proper lay before he public its principles and gen
eral fate Of It's funds, 70 induce all Perions owning
houtes or other buildings within the Commonwealth,
20 become Members Of the fame, and avail ;hcmlcves
Of its advantages. By mutual nlurance bear one
anothers burthtns The lofs fulained by falls on
the company; whereas individuals, heretofore, were
obliged in cafe Of lois by fire. apply their part
lar friends, and 10 the bensvoence Of the public for
zfitance but in ;he precnt cafe opportunity pre-
tents of having their property eCured upon the only
JUN Pra pics of inlursnce, by eating into the funds
Of the iocety Ssas equal TO Inc hazard sE!y and
more. Conlag uat0ns are generalymOre alarming, and
far diltreing mankind than loles at fe4 and
che reaion is obvious. In the former cafe liz or DO
provilon has been made in this country for the pro-
te6tOn of property csi of Ere whereas In The later
il is almoll universal Ender this confederation it is
TO be hOpe that thofe iocetes, who have been cab
Iihed for 'he purpole OF enargng their uleiunEs
wards mankind, well tkole gentlemen who have
been in the habt Of iuiug policies for The generous
degn Of nluring buildings wall II far extend their
candor towards this Company 10 luDpOf- th4t their
motives Of peeunisry confederation are not 10 mach
attached TO The final gain the difference of tic pre-
MUM add another nlttution aud confer another
opportunity ca the citizens Of This Commonwealth fJr
fecurity and happiness.
The rates OF premium are from az
rs cents on hundred dollars, governed ~ lid
judgment Of the TruRees, which depends on the mate
rials of which the houle is built the manner Of occu
plying il, and The relative ituatlon Of the fame "a to
other buildings
Although the Policies are ifued for
Eeven years operates for any els time; as provGoa
IS made, that when the property nfa ed 1lall be
alenafcd by death, lae, or by any other means t.
shured may furreuder his policy az The Office and re-
eeive fun aot exceeding his depoft money.
The fees arilng from the policies,
transfers, endorsements, forfes and inere accruiny
hereon, viii, in the whole time lin all probability paw
the expence Of Office; in which cafe nothing can Be
taken from the funds but ablo ute loGes by FIRE If
fortunately luls happens The property with ntere
reveits back to the perinr who paid (except his
proportion at the reierved funds) As the whole funds
Of he company, placed in the funded toczs Of the
United States the nteref Of which Is received Quar-
tery, put INTO principal, and accunluatcs much be-
yond compound intcrett.
The calculations are made upon the
whole number Of buildings, confirmed by FIRE in Baton
for the the term of forty years pai taken from the
records of the Hiorical Society, commencing in : 60
and of courfe it includes the great fire Of 100 from
which, and companion with the nRitutiops of the
fame nature in England Yrgzs Ns7oygyk &c il clearly
appears that the funds adequate to uppot the lois
Of more than h1teeR houles annually, of 1000 dollars
value each But, in order to make each individual OF
she company, entirely atsied ofhs indemnity in cafe
81 lois BY very great confAgration provion Is made
that each member fhall be afefIcd fun lin proper.
tion) 70 make good fuch lsls bur not in anv event
toexeeedIwO dollars for paid premium and de-
Oft
Il is now thirteen months fnce the
Ffques commenced. without any lois whatever There
y now 94ooco collars injured IN the Office one 6f
q which Is IN the country. The funds are already
reIPe6aabe and incrsadng rapidly
~ 0rAr gbs Pv5fte1t ana Dira7sys,
Andrew Cunningham, Sec'ry.
gisffs 5EufAal Fire Isjsrauce OF...
H.. Is. Statsfrs"I Bs9.-.
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