Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1805-04-24

o'S nan PsS Cehc. per annum - Then
one Out OF every sixty seven bui!tlin,.s
) must oarp yearly, before our quotas vii,
come up TO That, which would be out of
Twelve thousand houses contained in out,
. owns and suburbs, one hundred and seven.
y-hine or 10 the amount OF i7o 900 iola
ia's' winch must be destroyed by ere eue-
ny year, before the quotas viii com. M,
to those annual premiums. Gracious
goodness preserve us from such disasters
land still those in,riguers tell US, tina, &
IS cheaper to insure in an Insurance Com
pany.
Those deluders exclaim, the Mutual IN.
surance, will not, do for the towns.-thev
ought Cf they were capable) to blush:
when nine years experience have proved
the contrary for before the Special agents
were sentin the country only abouttwo years
ago, very few were insured in the country,
and notwithstanding the most extrao,di.
nary fires which have taken place, ana be-
fcl generally the insured houses, TWO pre-.
miInns have been enough 10 pay the losses
and expenses for upwards often years. to
which in fact the country people contribu-
ted very httle,, as the greatest part had nor
paid their premiums before the fires hap
pened.
One truth they will let slip out, they say
All the country Insurance is excellent---
we need not to thank them for that: for
we all know that it will flourish, and That
IN all human probability, one premium will
hereafter insure the country houses for e.
yer: sc so II would have been for the whole
towns and country, had my original plan
been followed, to have AN Agent in each
town and each county, and paui them what
was afterwards improperly called Tax on
the policy but 1t was not tax on the po-,
Icy, bat became an additional premium
paid into the Treasury for the use of thu
society: but they knew well that IL those
agents were so appointed and paid thar
the Insurance would become general,
which by their inlrigues they have hither-
to prevented: but | am confident, that
hereafter the Mutual Insurance will in
creaye let them say what they please.
WHEN they cannot get any farther they
say that the Towns oughr 10 be intirelv
cloyen foot may easily bo
seen, that some expect to get some ofi1ces
in tho Town Insurance. But will~thr,
people at large agree to it, believe not
when they find that their transactions arr.
Kept m separate Books and will - pa
rsteiy be s'ated--and as the expenses arc
% be paid agreeable 10 the sums insured
% the towns and those insured in the coun-
ny as there is no doubt but the country
people VIII insure almost to a mar, the
share OF the expenses for the towns will he
mere tribe. BY keepeg together, tho
expenses Will be less for both, as the same
officers can do the business.
On lar rccapitulstion, believe, it will
be found, that tor thirty years back there
nave hardly been destroyed by fire, moro
Than hve hundred houses in the towns ~
mounting to Jour hundred thousand dol
lars, then It would average seventeen buff
diDgs amounting to aeven,een thousand
dollars per annum, which is not one eight
per cent. year.
ihen II there were in future eight
times as many houses DESTROYED Inv
nve than there have been heretofore.
which Is Improbable and next to an inn
possibility, still ia such most exlraordina-
ry case, which is not like 10 h prcn. The.
quotas would only come UP to The prcn,i..
um paid in an Insurance Company.
Nov let the thinking man decide, which
oil The two systems is the best--and il VIII
easily be found that the Mutual Insurance
IS preferable to any other sit being foun.
aea on mutual assistance in distress, pbi.
.ahthoPy-where many unite the security
Is undoub.ed.
For a man TO stand his own -insnrer.tb.
risk istoogreat; forifhis house isdestroyes
by hre he loses the whole--if therefore he
was only TO join with ten, he wou,d To-,
only the tenth part, eSc.--and as there M,
doubt vast many more will insure in ,i,s.
MUTUAL Insurance, the Contribution can ne.
yer be considerable.
w. F. Asst.
Richmond, 18th April. 1905,
EnI{ al 4