Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-06-09

an. Ir5Hs Al4i4a! F.s. L..lr1z-s Q tr3ey.
a III infitutiOns deierYe patronage
~ from lie public III proportion ~ their ulefal.
80 -The Madachuletts Mutual Fire lnlurance Con.
D7nv II conldared NV many coming under this al
nomination tt bcnp incorporated Tor the b6ncF0cns
purDole of quardJ8g aAocatcs agamN loa1' ot build
ings nv fire, whether the fame lhouid happen ny acc
dent lightning, civil cemm5u0h' or iorei6n lnVahon,
tbe prtfdent and Directors therefore, have though
pr1n1r " fay before the public s principles, and gen
erzl Rac Of lis funds, ~ induce AL peFtons Owning
hourcs or other buildings within the Commonwealth,
o bernne Members VT tle lamc, and avaIl themlelgg
of its advantage Ry mutual inlHrance "e bear one
anothers burlhtns. The oi' iutaned Oy enc tals On
the connanv- whereas individuals, heretofore, were
obliged I'LL Cafe III LOIS Nv fire. apply 10 their Particl
ar friends and tO the beheeoence of the public f0r
ai1ance BOT III the yrelent caieah opportunity pre-
tents " having their property iccurrd upon the onlF
iuQ Dra ilcs Of inlurance by eating into the funds
III THE fociety rite equai To the hazard ar5, and
more ConAagratious arc gencralymoTe aaf mmgi and
far more dlreling mankind than loAes AT leai and
Tile reaOn il obvious. I'd the former cafe little Or
provion has been made IN this country for the pro-
eton Of properly cafe of fire, whereas n the latter
il Il amon universal Under this confederation, II I'll
to be hoped that th04- lociees, who have been eab
hed for Me purp0T- Of eniargng their ueiulneis CO.
wards mankind, well AZ thoc gentlemen, VINO nave
been Id the habit of Iuing policies Tor the generous
dehgn OF ntlTug DuilGlgsi Will AZ TIT SAt~4a LICE
candor towards this Company as to uPPolc that tnc
motives of pecuuarv confederation aTe noE io much
attached To the lma gain the difference Of he Pre-.
MUM as 10 add another nQulcn, 1nd confer another
opportunity IN the citizens of this Commonwealth sr
lccurify and happiness
The rates Of premium are from 35'
u 75 cents On hundred dollars, governed by The
lula gment o The IruGres which depends on the mate
rias of which the houl4 ~ built, the manner Of oecu.
,l ~ aIl-ttr ~ thr IA
other buildings.
Although the Policies are iaued for
f-ven years L operates for any efs time; PovGoa
J, made that when thr property injured fhal be
aiicn4cd by dea III lae. Ivy any other means the
ALFRED NAV furrender hi5 policy the Office and
ceive fun not exceeding his depo(it money.
The fees ariiing from the policies,
transfers cndorGments f3rcits ana intercR accruaE
I hofeon, yiII ~ tie whole time (n aI probability pay
! the expcnce NJ Office in which cafe nothing can X
taken from the funds, but ahlJ uie loGes by fire IL
fortunately iOE3 happens, The property with intere
Y reverts back To title ptrl0r who paid ii Except Biz
proposuon of the reiarved funds the whoe funds
az h- COMPANY placed in The funded toclcs of the
United States; the nterct o( which i received quar-.
tery, put into principal. and accuuulates much De.
yond compound intcrcf.
\ The calculations are made upon the
whole number of buildings confirmed by fire il Bga4
for the the term III forty years Paf taken from The
records of the HIaorical Society, commencing in 759,
and of courie it includes the great fire ~ 1860 from
which and comPariion with the inflitutiOns of The
fame nature il Engtari Yqiaia Ns1ry1k &C. X clearly
appears that the funds adequate upPort the los
VI more than fifteen houes annually, of 1000 dollars
value each But, in order To make each ind dual Of
the company entirely l4tisied ofhis indemnity ID cafe
of lols by very great oon1agr tion Provon Il made
that each member lh4 he aacfcd fun Gin Propor-
tiCpN mag o00I inch I1fe n any event
exceed dollars fer paid AZ premium and de-
! ont
III is now thirteen months fnce the
riqres commenced. without any lor whatever. There
II now $4,000 dollars injured in the Office, Hith
4 of which II ii th4 country. The funds already
respectable and increahng IPidIy
| By oyd.r sft5e Pylfjsat ini Dre72rr,
Andrew Cunningham, Ssc'y.
\ h=..-s.sfHi 1z.,a7l Fire T7ilraacs Qfse,
\ N: r5t S4lefgaL Bs7oa.
/ D.onE.-., 90 GT,c Cto-o