Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-05-12
AssgssBycts 44tsaI Fire Isjirsr:s Cozpa.y.

A IL inititutionS deierve patronage
N from the public in proportion 70 their uiefnl-
nefs The Maiachuletts Mutual Fire Inluranoe Com
pany is conhdered by many coming under this de-
nomination it being incorporated for the benevolent
purpoe Of guarding is aocates againR otes OF build
ng by FIRE. whether the fame houid happen by acci-
dent lightning civil cOmmotion, foreign invahoni
the Prcdeut and Directors therefore, have thought
proper 70 lay before he public, its pr ncpes, and gen
era Rate of its funds, induce all perlnns owning
houles or other buildings within the Commonwealth
TO become Members of the tame aud avail, ;heHlieve'
of its vantages BY a mutual inlurance We bear one
anothers burthens The lols fu0ained ny one tails on
the company whereas individuals, heretofore, were
obliged in cafe Of los by fire, apply their part Gu
lar friends and 70 the benevoence Of the public for
afinance but in The prefen cafe an opportunity pre-
tents Of having their property ecured upon the only
jun PriRcP of infurance 10y eating into the funds
of the fociety rgs equal 10 the hazard only and no
more CONGREGATIONS are gcnerallymore alarming and
far more di0rcling mankind than l0les at ea; and
the reaon is obvious. Ia the former cafe lit or no
proviGon has been made in this country for the pro-
lection of property ia cafe Of Gre whereas in the latter
it is amoR universal Under this confederation, i j.
be hoped that thole focieties who have been eab
ihed for he puJpofe Of charging their uefuneis to-
wards mankind, as well as thole gentlemen, who have
been in the habit Of iuing policies for the generous
degn Of iniuring buildings, will 10 far extend their
candor towards this Company to iuppole that their
motives OF pecuniary confederation are not 70 much
attached the im4 gain the difference OF the pre-
MUM as to add another nAtution confer another
opportunity the citizens Of this Commonwealth, for
lecurity and happiness
The rates of premium are from IS
~ cents one hundred dollars, governed by the
judgment Of the 1ruitecs which depends on the mate
rails Of which the houfe is built the manner OF
plying It, and the relative uatlon of the fame TO
other buildings.
Although the Policies are iHued for
fven years, il operates for any le time as provoH
is made, that when the property injured lhal be
alienafed by dea b. fse, or by any other means, the
aured may furrender his policy the office, and re-
eeive fun not exceeding his dePoft money.
The fees arifing from the policies,
transfers. endorfemens forfes and interen accruiug
hereon WILL in the whole tinc gin all probability pay
the e1penee of Office; in which cafe nothing can be
taken from the funds, but abCoute loies by FIRE If
fortunately lofs happens the property with intere
reverts back the perfon who paid IL (except his
proportion Of the reierved funds) the whole funds
Of the company placed in the funded Rocks Of the
United States the intere Of which IS received quar-
terly put into principal. and accumulztes muea be-
You'd compound intereR.
The calculations are made upon the
whole number of buildings, confirmed by fire in Bgfa.
for the the Of forty years pat, taken from the
records Of the Hnorical Society commencing in 800
~nd o. courle X mctooes the great nTe Of 176o5 from
which and compariion with the niitutions Of the
fame nature in EsgE4a5 Ygiziz Ns4vyorR SC il clearly
appears, that the funds adequate uppot the lois
OF more than iixeeR houles annually Of 1900 dollars
value each But, in order to make each individual Of
the company, entirely fats6ed ofhs Indemnify in cafe
Of lois by very great conagr prcvifon is shade,
that each member ihal DC afiefIed fun Gin proper
| tion) good uch lofs but not in any event
TO exceed I'VE dollars for paid preaium aud de-
| ont
1t is now thirteen months fnce the
riGques commenced, without any ofs whatever There
is now gao oeo dollars injured IN the Office one 6fh
Of which is in the country The fund. are already
Respectable and increaing apidly
EJ ordsy of bs Prsfi7i ~rJ Dirat7or,,
Andrew Cunningham, Sec'ry.
MIysIgfhs Mutual Fire Tolerance 0tzss
To- rs, SfaitJfrszL Bsfo4
Mars67. (,m-oe)