Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1801-02-03

ferent iruetrre iHdeed. 1aaead OF Z mutual
'niurance, partaking of charity sud policy
AZ the tarns time, herc each iadiy;6usI mes N
Der contributes his lniIc, 20 relieve iis dil-
treiied fellow creature, At no Other expeuie
to himiesF, than that Of inirri3g his own
property, Tor one !oarih, or leis, than he
Could set IL injured for e!fswhsre; t!isy
would have been exacimg, from each pscCon
annu1,!Y' al isa!t u per ccAt for their own
private emolameu,, 1T - pgr cea;. Que
heeie N eishty OF Que eigh,;.,h part of the
property Injured, ,au4 bur.i, or be entirely
Destroyed, every ysar, before it would cx-
iiaaa the pseniinras --Suppoie inen Yirai-
ala 10 contain 100000 hoaies, which is by
no mcans iu,2.qbshle one ,ighiisth mart
OF that number is Scco 20 thar i've thon
land liou!es matt burn Ia ,his Rate annually.
hesore the premiums paid on them AZ woriJ
DC abiorbed, and 70 il. the ianc proportion
for any other number viii cay man on re-
hsetion iuPpofe, that even one tenth mar, 81
that Number OF houles, cver did, or nrobg..
oily ever viii, be burned in tlie n tie in n.
cerrfe Of one ysar' But admit !, for III
preient, 1t would only amount To one ten,;,
part OF The annual premiums we f,ould b.5cl
to pay eliewhere.
-Four hundred thourand hou{es :. ,coI
dollars esch, is forty mB;oas of dollars
which at ~ per cent would be COO oooI
doliare, equal 10 FIVE ibsafsud houfes, a, 100
dollars each, or one eieh,ie;h part of fortv
million, dednet one.tenth pat, Cappo6up
i've hundred hoJies 70 Enyn suruoli~. vb;cI
IS not az all probable, and tie remainder
will be 1906 600 dolls, per annum--.luopof
Ing thar number OF koules 10 be injured
and Precdely "a The lame proportion for any
ic!s number o. houfes, or gao1s ard iGrpi-
ture contained IN them. Nav il we can
lave nipe sen;As u che preuiams. which *
'hod'd haze to pay 20 other iGfu.aace com
panieo Is Il act begSer 10 do so, ,..au TO (end
our money Abroad, Or pay il 70 parcel OF
/ if;cQ.aiors ~ home Every Wcmber o;
thele comPaEieg bss tcen, or orc ht 70 ,ve
been tvrnifted With prin. ed COPIES of IN
contributions and il he has no, .s.edc bi,aEe!
acquainted with the plan, il ruaG have been
o's oT0 iault. Lei igu, read If oyer DEL
berate'y Copy from the books the smon,,
inlnrec, The iuns paid, the ha.a,.ces On had
(and which my b. recovered fpeediy) and
after the macy aud extraordinary 6res thai
have taken place, lst him calculate for him
ieif, and VIII defy him. If he ia in his Ee,,-
les TO pertuade bimleIf TO believe 10 the a.
turd notion that fome have taken M, tbs,
the companies viii or eau fail. Who ars
thole eomPsnies compofsd OF? upwards Of
1900 respectable farmers, merchants, ,fadrl-
men, &c. living ia differept parts Of ,L,
tate. Then what foms are injured II IL,
two companies theirs are do!s. 6 2co.1cS a..
and IL is hardly oec,fary 10 remark. tn..
each member IS bound in proportion TO tic
fun he haoinfured: then how can the CON
PanIes tsil, until every men.bsr has fnet with
an entire lois.
Now &c, uS take re,rofpeaive viev, Of
the Mutual Iniu.ance Socie asaiaA Fire
on Buildings at the time qnots w..s reeni,.
ed, owing TO the mott exiraosdins,y f,es.
That were ever known IN ihis &c e be.....
they had then been injured ai:an, 4 cssrs.
Tor about ! per cent. which IL about tie
average. Itad they been injured sliewhere.
It would have cot them 1 per cent. usr
annum which in that time wculJ haze ?. .
nonnied to per ceai.---It j. oow going on
Q years, which v0uid have coz = rer cen.
and iAe nrh preniums Of atoet Tsr cent
are not YET AFFORDED by 65io, 4o.lars.
which with the quote, iateIed and ureri-
uras iince ihe quoss, amount to 4cl5. Jgz,
$50 90 now oa h17A aud can b f,ecail,
recovered Of delinqurnts, befd,s pa,ins &c.
$40 20 for loIes aud rxpeIso 10 a ia.
II Is not probable that luch heavy ioEss NAV
happen IN 20 years to CONS.
have had 5000 dollaro injured in the o.
'her company, which ar : per ccat. COZ a. d,
90 dol!a'.---it is now going GA fOnr ycs,..
end had | beeu inigrc5 Gle shcre, il g,a.6
have col DE al lcaa one anJ . oostter De-,
cent. per onnum, which in this time, would
have amounted 20 $50 toils. end IN git
Yeas 70 goo dolls brldcs the cosan,.l !5ps.
which | ihou.d have paid ny corref9osdests,
had have Injured in Eogopc, aid al,ho'
| am more than 90 dollars gainer, by in.ur-.
lng III this company, the:ci row rs.naioias
50 the iUnds, and what may fpeedily be coi-
leeied t'om deiinquento, 1854 dolls. wh.c..
10 upwards Of U.sse ,hOuiaod dollars mo~e
'han ., has COT. ,he company, iOr !olFes aud
sxperies, from tbs commencemeot To the
! piCiepL t!nlC, uotV.ihaaa. iuy tns v-r,, 80.