Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1805-12-07

~ ~
II - With singular pleasure. have tie salts.
faction TO announce TO tie Members of The said
Society in particular and the public at large that
the Mutual Insurance is in a fourishier sitaasicn
Pew losses have, within these twenty months
passed, happened. The losses in the towns
(since the hre in Norfolk in February 1907 do
not srsount 70 1000 aJ.ia.a. Declarations come
in from all directions, in vast numbcrs so that,
FIVE OF US. can hardly keep Up with Diem ia re
cording. issuing policies, &c IRE principles OF
the Inssknticn begin 10 be better undetstopj--if
al the housc cwnets IN tbs staie. would be SO
good 10 examine INTO sise nature thereof there is
no question but every one. would insure, when
we should cenie &c the -intendsd ana desisahle
end OF general insuranoe--tc which we are co.
ing on rapidly now--when ,hc cnntrhu,itn of
each VIII be q rnere ,siile :Shcrefore every good
nitizen ought. ard, II is hoped will, lend IN rs
sissing hand 70 obtain IT,. The pfsia1ice and in.
trigues which have hitherto .sssl, ca.tis,, on 10
impede its mere rapid proT.es- wiii .uEside on
examination il NH be found that the laws are
Jnst--if there are deieas the people thernselves
| can amerli theui-i,hc new rates cf hazard ave
now 50 fixed TO equs'ize the premiums, as nigh
as possible, agreeable TO the risks--houses Ia the
large towns, and particularly thoss situated IN
large ranges Of wooden houses pay cofisidesahiy
/ nore--and those great risks, such as those sisaa
Ited on wharses, where vessels are bai.t and re
paired, and where large quantities Of combus,i
b'ss, such as tar, Pirch, &c are lodged, and Other
great hazards are, so TO say, excluded by sithe
the rejection of the Insurance entirely, or III.
I nigh premiums fhey have TO pay: so that in FL
ture, we hardly ever can have such heavy slams
as heretofore: besides that, by the Intense c,
/ pew lnsurances, the half quotas, and the add
'ional premiums, which number, in the larg,
towns, have to pay, the town funds viii be bet
ter than ever--The buildings situated in IN,
ina ft,.
pay only ihe same premiums as the country peo
PIE SO that their contribution can never be con
siderable. AS FOR the country IL is my firm be
let, that those who insure hereafter. MEYER wi
have another premium quota 10 pay--I an
I just now informed, that again FIRE has ta,er
i place at Norfolk, III Water Ssreee, The Same
! place where it formerly happened. There i,
not one house. IN that quarter, insured in the
Mutual insurance Of course the society vii
have nothing TO ray. There arc now bur very
few houses, or the south side of the main.stree,
at Norfolk insured in the said society. and on
account of the high premiums. I expea few vii
be insured: those on the north side of the Main
sireeS, pay no more than IN otherl large towns.
! BY The original plan / contemplated 10 have
the premiums as they are nozo fxed--had thai
been the case, believe. never any quota woulc
hive been necessary for those towards III,
wharves would not have been Insured. of cours.
we should not have experienced those slams II
Nosfof.
il IS surprising TO hear some beopie taIk-snt
say, fiat IL is better to Insure IN an Insurane,
Company abroad--on fair comparison il vii
easily be found thar. that is, out Of the question
The security here never faii--tliat Of a fev
|. saecula'ihg individuals is pfecari9us and doub,
full philanthropy, charity and beuevo erce.
: no, Their objeG- they are Only aAuated bv vs;r
o. course they must, and VIII always rate tbe;
: premiums SO to pay, not only the losses, and ~
: pcnses, which are considerable when our e,,,s,
ces are but small) but likewise 10 AFFORD ,bS,
great profits. Their annual premiums ave,,s
at least one per cent. then GU; Of every b,n,5,s
houses, one mast burn every year, which ,vo,i
be 4OO0 houses annually in this state--C 49,,
goodness preserve US from such t,isas,cys -
shogld have, IN some time hence, no house stsn,
ing IN the state. This however shevs v,Is, ~
fits they must have, which we NAV zen -,
selves, and keep them, and the premium, mo-
among ourselves, 10 suecor our uneoYtnns,e r.
ilow-citizens. w - &c e
Richmond Nov. IS, 1905.
- No doubt The printers Of this s,,,s 50;
for the information Of their Customers. inser, Il
above in their respective papers
Hats, Shoes, Or.