The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-11-07

tons, which paw into the .reaury thci, own f.. COW
isquenty are ONO expence 10 the former r,e,r,e-r
it rs well known that laws may b. made 10 fuc
cour the unfortunate, but can be ,raIe 20 re
Teni earthquake or Tires. lSow If ali thei, coae-
rations are taken in their true yht il r,v .nr.,,.
'i'a there are io,nc other eau .s-Jhe entraojr ~
great iohes b. IRE, greater tlan lave peen know.
~ proportion 10 the ium injured in this iate-s ore
e@ue' frejnthce IS another People nos hav;ngta
en- the pains 20 ciarie it, of coure It IS y.,.ra;lv
not undertoUd, or if it yyas t'.ey would o.peray ~
inre; this is third cauie. But the main aud Great
| cauie OF The clan,or IS produced by FifiuereA
mere U.s. let OF ipeculators VIE have luppoied
mat the preieit paiiaathyop!c Intuition can be
de'tro! they may be able form .T,erceuarv and
profitable a.lo ia,on IN its place Theft a-e con,.
Of the men WHO requets the people 20 inilruta Their
representatives to vote tor abolition Of ,h; ;nIlt,
ton and VINO prove by this very coaiua THAI tlev
eier DO not u"dc!tail Ike nature Of the thing or az
rect 20 g;ve ~ another meaning than il really hss
The eslatrre has granted charter, .or.-,bie =,
"hich iociety has been formed and while two or
more OF the members chue to go on TO :nfire them
ie'Ves mutually, hody eaa L:zA, .tz. firm, ssi..
10 unoer the tsid charter.
am Clear TOR II, that any and every perfou VIA
oo'h not NE the r!sitution ta he ut ,bc-y 70 ori,
"no Withdraw, Tor which EuTpo.e there IS ALREADY
''i'o.i"na' article provided. Let then, po in the
name OF goodneis and Zee where they can do be,,er.
het us now compare efyiten of sdutual airrar .e
WIN tiIat ~ the infurence companies
The niutual Iu(urancr offers by the pro,.r,,, r,r
ca and the number of members mott undoubted a..
curry winch san never fail Where 70 many ;o;n TIE
contribution becomes light For n.urance potyy;tb
9A'o@ the mott extraordinary fires, which have eve,
Known m TN: ttste and beel generally the IN
nred houtes (the inttitutior was ORGANIZED Il 1zcr1
brick houir covered with fate, net ca-t~,,os tn y
sHeFs eutred from the beginning, paid h;Iiines Mr.
hundred dollars injured in 1885 it paid ib,II;r..
more which IS two dollars two per Cent f- ,,b;L
''"' oes injured ior nine years the rate Of %
A wear moro u q
"i.ne hou'es are more hazardous pay more
Inc members have every thing under their ov,,
Co'T",'' in@ie Their own laws, evfe their ana
nH seiF 'alare5, and reap the benefit OF their funds
ne 'Hhafance company being competed = c-ty .
lew ipecu'at-Hg individuals. whole finds na.,-sll
innit be FINAL, and precarous for If irza So 49,,
u MAJ iweep the Whole OF their .toe. and more r.
noes ina, their copartner and private fn.euar;,-.
n'igh' tnl 10 th4t thois Whole prope.sv fbt, &C..
may IN Gale OF iois by fire, only fr,sl dividend
Pern'Ps might get nothing ct al. As they have
40 zoe" OF pnlanhrophy they rnua naturally ree,,Ia-e
'he'r pr+m'sms 70 pay the loIes and exp-nc.. ard 20
y'ed proi-s beiides. The premiums Of the i,f,-.
companies average about one per cent per anr,,,n
"''ch 'oF years Per and as the arr ol,ba
10 pay always one year in forehand makes !, ten -
A' there upwards Of e;sh, millions &c 4c,,,-.
I@c' ed for IN the Mutual Iniurance if -he ,e,,h--s
"cIe2i iad befn injured abroad ejp.t hundred ,bou
i',ia dollars would have gone there in 9 wears orv
"ii.h we keep here aniongh ourieves Ard !, h..
COT nere only one premium and one oaota which 80,
brick houie contiguous TO o,brrs and oo,..ai
WIN 'idte, only per and if is cove-d ri
''u ony per cent, Tor years infurarce and ,v,,h
the irrpus fund about fix;y thoufand ,,olsrs ,ft
uei''q'eHts nave paid in, may r(ine them .l TO-.
- }e"i' I" come tor fuch enormous fires viii
Marty happen often. Becauie If q! n. ,r,:i4;rs :,
the itate, had been atfl cfed with olss n. f- -. - =
d. ','o'e injured IN tn Mutual Infurance it ,vo,ISe
Al ,i'e rae Oh 3 thonand per annun. am iiiat
ana are OF the party, have made overil,res KS In r.
JON Ii; the iock IS to be three hundred thoui,n,s 70
ars nominal; there TO be ihares, of which thev
mean to take many Polible to ee1, the whole a.
mons few individuals, ard take, as the InGuraice
companies abroad do, annual premiums: Ten n.r
cent on each haTe only to be paid when the company
IS eitabihed, This ihews that the fund is to be o,l
ncitlous, as in many other companies and the wbuL
anlonoPolizing anociation.
Now, my fellow Citizens, compare the undoubted
iecurlty the benhcSce, and cheaPnefs of the Mum
al lnurance TO the doubtful ecurity and the rat e,
pence of the other then why do they make 10 n,ncb
nohe to deserve the people, and lag ufoundeJ blame
on me and tie DreGo-s? Had my original plan been
ricty followed there &c no doubt, that one premium
wonid have oee1 enough 70 paT the loes and expei-
oes Tor ever, and yield dividends bendes HEjcn j,
may yet II the proper means ployed to make j,
more general to have proper agents appointed to mare
Out declarations for nurance and pay them agreeable
to Their deiert: that is, declarations, no paw.
10 make their icheule more plpa1le they hold out
that no niurance exit, unefs annual premiums
are paid: But why iiould the p:opie be psiteTed
with annual Payments Sure it is better to let them
pay only when it becomes neceI4ry.
1t there are detects in the laws and con fitu.;cn.
they may be remedied at any general n1ertiny: the
Legislature having given full power that eael
Ihave reVifed the whole contribution and -eyI,t;-
ons' rejetied the d-fsctve and uleefs part; ADDED
the neeeiiarY, which IS wanting in the pTefent aud
brought every thing under its proper he'd hsu
lay the new conitu.on before the committee. ard
Thew It aiio to other gentlemen, TO fu-y.t frcb =
mend may be uieful. It will be laid before
the general meeting; to make iuch amendments rs
tisy rhink bef.
BY this new contribution, the premiums betyvre,
town and country, for the ad tional hazard on ar.
count Of the contiguity other buildings and other
hazardous fituaton, better apportioned to make
The contribution equal to the nix to wit the propor-
ton Is, that brick houe covered with fate fituated
IN the country, will pay only half per cent and
1V0oa0 bogf IN Io5vaj fsafcd in rozgt or r7arr ,fb
f7g5 pay iix pes cent, which is orc to twelve o.
Their buildings pay lefs in proportion the rh on a-
count OF the Gtuation, and the maeyi1i fbey are 6s
Of and e1vr,c6 7rib. Brick houfes covered with tile
Hate or metal pay conider4by i.f to encourage the
building thereof the expsnce Of building them is not
much more, than that Of building wooden houfes
The riik Is not 81 any means as great bet yeou
town ard &C t-c. 4