Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1805-12-14
COMM uNIcArrn,

CONN hTroE,
IL IS with singular pleasure. have the salts
faction 10 announce to the Members OF the said
society particular, and the public at large, that
the Mmnai Insurance IS fiourishing situation
--few losses have, within thcse twenty month,
passed, happene9. The lossessin the TO ms
tsinee rhe fire IN Norfolk in February 1864 do
not aswount to 1000 dollars Declarations come
IN from all directions, in vsss numbers 90 t,zt.
I'VE of rs, can hardly kesp up with sben in. re
eoiding issuing policies. &c Tne pr;ac,pie. a,
the inSisuiIon begin 10 be better ins;ersiusrl--if
all thc house o~Ifers IN his sra,e would be so
good to examine into the nature shescof ther. is
no question but every one " MD insure. wheo
we sho,nld come to the intended snl iesirable
end ct . general Irsrrarce-to which We are 90
ing on rapidly ncw---when the con;riontion Of
! each wni be mere trltle: therefore ever good
citizen ought. and. it is hoped will. lend an Is
s'shng hand 70 obtain II The preiaaict. and IN
tigues which have hitherto been Carl d on r,
impede rs more rapid progress Will subside. On
examination Il will be found that the laws are
Just--'f there are defeeis the people themse;ye,
can amend them-The new ra es oe hazard Nv.
now 60 liked 70 equaize the premiums as nigh
as possible agreeable 10 the rsks---housss in ,hs
large towns, and particularly those si,da,cd 10
/ lsge ranges Of wooden houses paw considerably
'nore---and those great risks, such as those sirua
/ ted on wharves, where ve-sels are bniit and re
tai'ed, aud where large quantities Of con,busti
bes, such as Jar, piich, &c are lodged and 0, her
Sscai hazards are, so TO say, excluded by either
the reIealon Of the InsprsDce entirely, or the
high premiums they have 10 pay : so that in in
| tase. we hardly ever can nave such heavy slams
as heretofore besides that, by the increase of
new insurances, the half quo as, and the add.
I tional premiums. which number, in the large
towns, have TO pay, the town fuads viii be bct
ter than ever--The buildings situated in the
small towns, or the ouierpa5is Of the large towns
| pay oHly the same premiums as the country peo
pie; 30 thar their contribution can never be con-
J siderable. As tor the county it IS my firm be
lief thar those who insure hereafter. never will
/ have another premium or quota to pay Il am
Just now Informed, that again FIRE has takcr
/, place at Norfolk, in Water Street, the same
place where il formerly happened. There is
! not one house. in that quarter, insured in the
F, Mutual Insurance of coatse the society Wi
have nothing to pay. There are now but YER.
few houses, on the south side Ct the uiain stree,
at Norfolk insured in the said society: and on
account Of the high premiums, expetl few viii
4, be insuTad. those on the north side Of the Main
street, psy no more than IN other large towns.
BY the original plan | contemplated to have
the premiums as they are nOzy fxed--had that
been the case, believe, never any quota would
+ have been necessary for those towards the
wharves would not have been Insured. of course
we should not have experienced ,hoss slams in
| Norfolk.
IL is surprising 10 hear some people falkland
say, that il is better 20 Insure IN an Insurance
| Company sbroad--on a fair comparison il will
easily be found that, that is. out Of the question
| The security here can never fail--ttat ofa few
/ Specializing individuals is precariobs aud doub.
ul--phanthropys charity and benevo encc, Is
not tlieIr objea- they are only aauated by gain
Of course they must. and will always rate their
premiums 50 TO pay. not only the losses, ard ex-
penses, which are considerable (when ous expen
ccs are but SMALL but likewise 70 afford ,hem
great pTOfIs Their annual premiums aver
at least one per Gems. then out Of every hundred
houses, one must Born every year, which would
be 1000 houses annually IN this sta,e--Gracious
goodness preserve as from such disasters I've
should have. in some time hence. no house stand
ing ~ the state. This however shews what mo
SITS they must lave. which we may yeap ON.
selves, and keep them, ard the premium money
among ourselves, to suecor our unfortunate fel
low -ciuzens. w. r Asr
Richnrad Nov. IS, 1908
No doubt 'he pri1sers Of this state viii
Tor TIC information Of their customers. insert ,t
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