Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-08-23
TELEPHONE ANOTHER.-The Kali

IL III amaZoo Mutual Insurance Company, in
corporated for the purpose of insurance against
fire, in the state Of Michigan, is now in success
full operation. Their office is in the village of
Kalamazoo, and it is their intention to establish
an agency in every village throughout the state,
to receive the applications of persons wishing to
associate with them.
The principles of such company, when un-
derstood cannot fail to commend themselves to
the favor of the public. 1t is not moneyed
monopoly;-nor is there, nor can there be, any
money making scheme connected with it. II is
nothing more nor less than voluntary associa-
ton of individuals pledged to bear each others
losses in just and equitable proportions,-or, in
other words, to help one another"
Every man who insures in this Company, be-
comes member of it, and is directly Interested
in its prosperity. AT the time Of making his ap-
plication, he is required to give his note, with
approved security, for the premium of insurance,
and which is called his " premium note" The
rate of the premium is governed by the amount
insured and the hazard of the risk For in
stance, if farmer wishes to insure $500 upon
his barn and contents, the rate of which is 1-2
per cent, he gives his note (not on interest)
for 1922 50,-six per cent of which, ST. IS, is
paid at the time and until loss is sustained by
the Company, he is not required to pay any
further premium during the continuance of his
thus it will be perceived, the capital of the Com.
pany is made up of its "premium notes." which
will always be sufficient in amount to indemnify
against any loss that may happen. And the adj
vantage of this system over other companies. to
the person insured consists in this that instead
of paying the cash for his PREMIUM he gives his
note, and may never be called for payment of it,,
except in case of losses, and even then by small
instaments,-in the one case he pays a cash pro-
10 tbo of oh ,,,n,onn1v
and to enlarge the dividends of wealthy stock
holders ;-Whcreas, by the plan of mutual in
surdnce the persons insured are the only stock
holders, and the individual saves in his own
pocket, what by the other plan he is required to
pay out of it. The practical operation of this
system of insurance has been tested i'm Vermont
and other Eastern states, and the result has been
a saving to the insured of an average of three
quarters of the amount usually required to insure
in stock companies
The Company invite the public to come for
ward and partake of, as well as contribute to the
advantages derived from mutual assistance
All communications may be addressed to the Sec
rotary, at Kalamazoo, who will give all necessary
information to agents and others.
JAMES SMITH, Jr., President
u. PLATT, Secretary.
The following is a list of local agents who will
receive applications for insurance from persons in
their vicinity:
Ann Arbor, Il. w. Morgan; JaclSsonburgh,
j. C. Bailey; Ypsilanti, Marcus Lane; Te-
cumseh, Andrew Stacy; Clinton, Charles Chan
der; Marshall Charles Il. Gorham; Battle
Creek Cephas A. Smith Allegan, Milo Wins
low; White Pigeon, Austin Chaplin Centre
vile, Thos w. Langley Constantine, James +.
johnson Schoolcraft, T.. l.. Brown; Monroe,
Alpheus Felch Detroit, J. M. Howard; St
Joseph, Chas. A. Morton; Niles, Vincent L.
Bradford.
The Company arc DESTROYS of being furnished
with the names of responsible persons who will
act, and act efficiently, agents in towns
where appointments have not already been made
Kalamazoo, July %, 1887. 81