Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-03-31
MaDacbyJsHs Mutual Fire
M/urance Combany.

L u from the public proportion to their uieful-
neis The Mailachuetts Mutual Fire Iniurance COM
Pany Is coniidersd by many coming under this de-
nomination 1t being Incorporated for the benevolent
purpofe of guarding Allocate, again oes Of build
ings by FIRE, whether the fame hould happen by acc-
dent lightning, civil connection, or foreign nvaGon,
ths PrsdNt and Directors, therefore, have thought
proper TO lay before The public, its principles, and gen.
eral Rate OF its funds to induce all perfons owning
houies or other buildings within the Commonwealth
TO become Members of the iame and avail ,hem(elves
OF iss advantages sy mutual infuranee bear one
ssothers bortheDs. The lois fuitained by falls on
the company whereas individuals, heretofore were
obliged N cafe OF lois by fire, to apply their parcu
lar friens and to the bensvolencc of the public for
aiitanee bur in the prefent cafe opportunity pre-
lens OF having their property ecurcd upon the only
Jnt prsopcs OF niuranee, by eating into the funds
OF the beiety mite equal to the hazard oriy and no
more. Conlag rations generallymorc alarming and
tar moro dreiiing to mankind than loiTes Tea and
the resion Is obvious In the former caf little no
proyon has been made in this country for the pro-
lection of property ia cafe of fire. whereas the Latter
IT 10 amol universal Under this confederation il Is
TO be hoped that thofr oeGties who have been eab-
liihed Tor The purpofe of charging their u(efunes
ware; MANKIND as well taos ior the generous
deGa, 81 s.lg on buildings, will 70 far extend their
candor towards this Company fuppoe that their
motives of pccuniary confederation not 70 much
attached to the final gam the difference of the pre-
MUM add another nilitution and confer another
opportunity the citizens of this Commonwealth, for
iecurity and happiness
The rates of premium are from IS
to rs cents hundred dollars, governed by the
judgment Of the 1rufees which depends the mate
rails OF which the hoafe is built the manner OF
pyin2t, and the relative ftuatlon OF the fame to
other suildings
Although the Policies are idued for
feven years it operates for any le time provGon
zaIs thatxx 81. f. ff.,n r.
alienatcd by death iAe, or by any other means, the
annred may furrender his pouey The Office, and re-
ceivs funsao, exceeding his depoGt money
Tbs fees arifing from the policies,
transfers endorsements, forfes and nleren accruns
thereon will in the whole time lin all probability pay
the expencc Ut Office in which cafe nothing can be
taken from the funds, bat abfonte iofes by fire If
fortunately lois happens, The property with neref
reverts back to the perion who paid it (esccpt hs
proportion OF the reierved funds) the whole funds
of The company, placed in the funded ocks Of the
United States; the interei Of which received quar-.
terly, put into principal, and aeeuu,ulates much be-
yond compound interea.
The calculations are made upon the
whole number Of buildings confirmed by fire in B9aaa
for the the of forty years paf, taken from the
records of the Horical Society commencing in 1850,
and of coure it includes the great fire OF 100 from
which and compariion with the infitutions of the
fame nature in Esglnd y1giuia Neroyok, &C. clearly
appears, that the funds adequate pport the lo
OF than fxcen houies annually, of 1000 dollars
value each But in order to make each individual ofs
the company, entirely fatsed of his indemnity in cafe
of lois by very great conhagraton proviou made.
that each member l,a be aneiIed FUN lin proper.
tion) 10 make good iueh lof. but not in any event
to exceed two dollars for one padas premium and
poft
1t is now thirteen months fince the
rifques commenced, without any lol. whatever There
10 100000 dollars injured in the Office one fifth
Of whichis in the country. The funds are already
Respectable and increadng rapidly.
By order Of t6s Prgfisnf and Dire7ert,
Andrew Cunningham, Ssc'ry.
Ax,sas5gfh, Mv'nsi En-, K.gSraaes o6F.s,
Ne. IS, Sfats:arss, Bsesn.
Mayg6 :. (,m--1o)