Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-04-21
MaDacbgIsts Mutual Fire
MJnrance Company.

A Ii inittutions deierve patronage
IN from he pubic in proper ion to their uietul-
nef,. The MaiIachufetts Mutual Fire lnirranee Com.
pany is confdersd by many coming under this de-
nomination it being Incorporated tor the benevolent
purpofe Of guarding ITS afocatcs agani loe' OF build
ings by ERE, whether the fame houd happen by acei-
dent, lightning civil connection. or foreign nvahon,
the Proficient and Directors therefore, have thought
proper 10 lay before The public, its principles and gen.
<ra lfae of its funds to induce all perons owning
houfes other buildings within the Commonwealth,
TO become Members of the fame and avail :hemielves
of il, advantages by mutual nfuranee we bear one
asothers burhens. The lois atiained by one falls on
the company; whereas individuals. heretofore, we're
obliged. cafe Of lois by FIRE, to apply to their parteu-
lar friends and the benevolence OF the public tor
atance hut in the preent cafe an opportunity pre-
tents Of having their property fccnrcd upon the only
juf priscipics of inursnce, by eating into the funds
of the foeiey mite equal 20 the hasatd only and no
Conaae rations are generalymore alarming and
far dlrefling mankind than ioiies at Tea and
the rcafcn is obvious In the former cafe little or no
provGon has been made in this country for the pro-
feon of property in cafe of fire, whereas in the latter
IL 10 amo univeral Under this confederation, it is
be hoped, that thols ocetie who have been enab-
liihsd for The Pnrpofs Of enareina their co.
wards mankind, well a thoie gentlemen, VINO nave
been in the habit of ifung policies for the generous
de6gn OF infung buildings, will 10 tar extend their
eandor towards this Company as to iaPpoie that them
motives O, pecSnary confederation are NOT 10 mucn
20 Inc na gain the difference OF the pre-
n;um as 10 add another nitution and confer another
opportunity On the citizens OF TINS Comhon"eA"" 'o'
fecnrty and happiness
The rates of premium are from IS
I, 3s cents on one hundred dollars governed ny the
JUDGMENT of the Truaces which depends on the mate
rals Of which the houe built, the manner oil 0eeu-
pyna il, and theIeative ftuaton OF the lame as 10
other buildings
Although the Policies are illued for
IF. IN
i, made that when the pr operiy injured fha'i be
aliena,ed by desh, fale Or by any oiher means the
,ifured may furrender his policy he ofhce and re-
ceive FUN not exceeding his depoiit money.
The fees arifing from the policies,
transfers endorfements forfeits aud nerea accru.nl
thereon, will in the whole time lin all probability pay
the expence of Office; in which cafe nothing can be
taken from the funds but Abolute 'one' oy nre' !
fortunately no lois happens, the property with intere
reverts back to the perfon who PAID II Except ms
,ro,or,ion of the reerved funds) the whole fund,
IF he company arc placed in the funded hoeks ofthe
United States; the ntere0 Of which is received quar-
tery, put into principal. and aceun'u'a'es much DC
yopd compound interst,
The calculations are made upon the
whole Lumber of buildings, confirmed by tire in bef''
for the the term of forty years patti taken from ths
records of the Hforca Society, commencing IN 7s9
and of courie il includes the great fire Of 700; from
which aud compariion with the inihtutions OF th'
fame nature E.qL,ni, Virginia, Nstey'A &c 1t clearly
appcars that the funds adequate to lupport the lo
Of more than fixteen houes annually, ct 1000 dollar
value each But, in order to make each individual 0
che company entirely fatiscd of his indemnity in Calf
of lo by very great conhagraton provilon is MADE
that each member ihall be adefed fun, Tin propo'
toni to make good fuch lois but not in any even
toexcecd two dollars for one, paid as premium and dc
poft. !,
II is now thirteen months fince thu
,;roue. commenced. without any lofs whatever Their
Is now $4,000 dollars injured in the oiice' one hit
of which is in the country. The funds are airead
refpeiabe and ncreahng rapidly
By order Of The P,sJiisaf esd Dirstf'r',
Andrew Cunningham, Ssc'ry.
1fs6sesuktts Mutual Fire y.farS~~ 0dks,
Ne IS, Sfafs,g,sd, Bsa'a