Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-11-15
IA ELP ONE ANOTHER.--The Kal.

u II amlzoo Mutual Insurance Company in
corporated for the purpose Of nsur nc, az linst
fire, in the state of Michigan, is now in success.
ful op ration. Their office is in the will 90 of
Kalamazoo, and il is their intention to est lblish
an rgcncy in every will ge throughout the state,
to racaiva tbs applications of persons wishing to
associ to with them.
Tho principles of such company. when un.
derstood cannot fail 10 commend themselves to
the favor of the public. 1t is not a moncyed
monopoly nor is there, nor can In re be, any
money-Inaking scheme connected with il. 1t is
nothing more nor less than a voluntary associa.
ton of individuals pledgs ID to b ar each Others
losses in just and equitable proportions,-or, in
other words, to ." help one another"
Every man who insurcs in this Company, be-
comes a member Of it, and is directly interested
in its prosperity. At the time OF m king his np-
plication, he is required to give his note, with
approved security, for the premium of Insurance.,
and which is called his "premium nate" TIL
rate Of the premium is governed by tbs amount
insured and tho hazard of the risk For in.
stance, if f rmer wishes 10 insure $500 upon
his barn and contents, the rate Of which is IL
per cent, he gives his note mot on int rest,
for 1922 50,-six per cent of which, 81 IS, is
paid at the time; and until loss is sustained by
the Company, he is not required to ply any
further premium during tbs continuance of his
Insurance., which is in all IS for six years.
thus twill b, perceived, the capital of the Com
pLny is m i'd up Of its "prcmium notes." which
will always be sufficient in amount to indemnify
az inst any loss that may pp>n. And the ad
v.nt e. of this syst, I'm over other companies I,
the rson insured consists in this, that instead
of paying the cash for his premium, he gives hi
note, and my mover be callod for payment of il
&c, pt in case Of losses, and even then by small
instaments, lin the one case he pays cash pre-
MUM to swell the Golfers of rich monopoly
| and to enlarge the dividends Of wealthy stock
| holders ;-Whcreas. by the plan of mutual IL,
| surance the persons insured airs the only stock
| holders and tho individual saves in his owl
pocket, what by tho other plan he is requir I'd t.
| pay out of it. The practical oper ition Of thi
| system of insurance has been tested in Vernon
! and other Eastern states, and the result has be
| a saving to the insured of an avcrlg, of throe
quarters of the amount usually required to insur
in stock companies.
The Company invite the public to come fol-
| ward ind rtake of, as well as contribute to tn
advantages derived from mutual assistance
All communications may be addressed TO the sec
| I, tary, at Kalamazoo, who will give all necessar
| information 10 vgonts and Others.
.. JAMES SMITH, Jr., President.
| z. PLATT, Secretary.
The following is list of local agents who wi
receive applications for Insurance. from persons
their vicinity:
Ann Arbor, E. w. Morgan; Jacksonburgl
J. c. Bail VI; Ypsilinti, Marcus Lane; T
cumseh, Andrew Stacy; Clinton, Charl s Char
dler; Marshall, Charl's T. Gorham; Bait
Creek, Cephas A. Smith (; All gan, Milo Win
low; White Pig on, Austin Chaplin; Ccntr
: Vile, Thos. w. L,ngley; Constantine, James
| Johnson Schoolcraft, e. l.. Brown; Monro
Alph us Felch; D,troit, J. NJ. Howard; 5
Joseph, Chas. A. Morton; Niles, Vincent
Br tdford.
The Company arc DESTROYS Of being furnish
with tn names of responsible p rsons who W
act, and act efficiently, as agents in tow
where appointments havo not already been mas
Kalamazoo, July %, 1887. 5