Litchfield enquirer., 1833-08-08
Lisckfeld Mutual Fire Enswrowce ComDuuv.

kATCAFAELDs AUGUST 6, 1888.
 LiGchf feId Mut~aI Fire Easwramee Co1paRv.
 Wahia few days past Shis recently su,aBlished Company have issued, ia handbl form, Ihs following explanatory de,aiIs of their objects and Operu,ous and now by reqhess sEaassE che article ,o cur cot umns, Wi'1 tic single reAaFk, that IrSas all the good cirsens of this and the RsskhOFiag sowns nos already insSred against oss 6y ;res win embrace .Le OpPov'U"iv Ofimsfttdg tIIeir dwellings.
 This company was incorporated at the last session ot the Legislature will ample and beral powers Its organizations has jUs, been completed; and it is now ready tO commence business. The benefits of tkiS institution open 10 all prcpeietors of BuiIdihgs within the county. And ilis belieted that all prudent citizens will without deay avail themselves of lha from the hazards of damage hy fire.
 This notice Is ssaed for the purpose Of giving aeon. densed view ofthe charter of the company and ofahs principles on which Is founded that the public may judge whether they can safely and wiih advantage as- sociale themselves for the purpose which tho charter cOneeinplates.
 I. Every person who takes a policy of finsnrancs becomes meWIher of the company, entitled 10 vote and to exercise all the privileges ofmembership.
 FL The company iNsures on terms vafyiRg with risk, at the ordinary premums of other nsraGce of- hces The usual time will be for Are pears. The Etsf year's premium is he paid on receiving the policy tor hve years the premium C,r the remainng, E,uP years is charged on the ,os ot the eonpany the chavsed is she almost liability e mem6ey and at the end ofthe i've years, the charge Is srenqushet unless required for the payment oi expenses and losses.
 HI. In case ot damage ny fire, the funds ofthe com pany which the insured can rely for indeni,y are the premiumS paid tn and charged as aforesaid.
 ". No other species of property besides 6aiid ings aud their frfMres be insured by the com- pany; and no Insurance may exceed three-iaurtls of tue value of ,l.e property insured. sss ,-e
 V. The affairs Of the company are managedby a board of directors nine tn number, annually chose by the members of the company on the frs, Monday cf July iO each year. s' ..4.43 .5Gas
 VI! Ds,illeres, painters, or earring makers' shops aud buildings used stores for gunspoWder exceed ing one cask, and other bOIiHks peculiarly ex-' posed to fire, are orbiddeR by the charter 10 e iaspr ed. And buildings io which other hazardous trades arc carried on, and in which hazardous guOds are stored, cannot be insured without special agreement to that efect-nor without premium correspondent to the hazard. F ss.
 VII. Persons wishing Nr insurance viii make a' written application, which must describe the con struction and materials of the building to be insured oy s s"% , "s buildinga, if within one hundred feet of the bMding proposed to be insured; and tue Of such comtig0 ous buildings. And a false description iA these re- spects, any other respect affecting the risk by ,he insured of the building proposed for insurance, wilt render the policy void 1f the person proposing be- tho building, and land covered by m the lr0e title and "cuNbrances are 10 be fully disclosed and expressed ia the application. tuiion lnaormaiion concerning other regulations easily be obtained.
 Companies on similar principles have now existed many years in the adjoining states, and have been organized in this sa,e and their utility has been folly and fairly tried. Fires instead of involving families n great snsriDg and perhaps ruin, scarcely feh the loss being divided among numerous members thus associated for mutual protection. Sufferers by fire are not compelleds where these companies exisi, io circulate subscription papers, nor is the com mnniy called on to examine doubtful claims upon ts charity. The peculiar excellence of these assncia tons for mutual protection other insurance com paUIcs is, that .s..F,3s4 a-.,s s.A 2 eee..z. &e
 lst No one is oblige.i pay1 sao,x fos insurenee in such companies than for insurance iD others; for tn no event can his liability extend beyond the preln- um paid iB and charged.
 2d. A person insurng in such companies may -I,aoe nothing 10 pay for premi0ns paid in may be divided among the stockholders, if not required to meet cx- peAses or losses. .sT
 corporaiion insuring, with The privilege of examniwg its bookss having voice in the management of it's cencefns. and entitled to his share of is funds.
 The following extract from Northampton tNinss ld paper is pubshed. that the public may have the ies- mony ot experience on the suhject:-
 "Matuai Inssraace.-The utility of these mu,ual associations has been tested in almost every county " that the man who paid tea dollars premium ipr n- slirance of property to the amount of ihousand do- lars Tor seven years, at the expiration of tIat sexem fact. his insurance thoHsaWddoars worth ofpro- pery for years cost him only g. and .e loss of the use of $lO for the same time. The Franklin Co., which has been in operation two or three years has not sustnned single oss 1t is said. All insurance is in fact mutual as whoever pays certain sum for in surance, puts much into the fund of Insurance Company, to meet the losses which may happen tO others ins0red. The difference between the conamam Insurance Companies and the Muina Associations is this-ihal iN the common Insurance Companies ihc profits divided among few stockholders, while in the Mntaa the funds collected by way of preiums invested by Trustees or Directors in stock, draw ing interest, and aller certain number of years say sevcn the principal with the interest is divided anong all who procure insurance ded1csiDg expenses aW.I losses. These, far we can jHdge Of lhe experi ence ofother compar;es. comparatively triffing
 N. B. Persons wshipg for information, or 10 apply for nsurance, w please direct 10 any Of the officers Ofthe company-who for the present year are-Phin- ehas Miner President, Le0nard Goodri1, Secsasary, Officer GoodsCiR, Treasurer. 6 c 7
 Liichfeid, Jsiy, 1883. ,~
 The young man mentioned in tie following artcIe from the New-Haven Register, ii will be recpllecse. was supposed io have been murdered, and his bndy secfeed in the neighborhood of ofWhiiesboro, N. Y. few months snce T~o black fellows we believe were apprehended on suspicion ofbeiDg the murderers, and QUO of them, # we rightly remember, coaGessed that be wns engaged in i, and implicated tavern Keeper a the nsighborcoOd. All however were acsui,,cd, as there other testimony shaM che negro's and his not such as to De beliesed.s Youag Fro.ting ham was attending n school preparing to enter tue Oneida Fnsiiiyte :--- yeE
 Joseph FSDthingham, . young man from Massachu sets, who was placed hy his sparanls al an Academv