Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-10-18
EEELFONE ANOTEsg;g.

n n am-zoo Mutual Insurance. Company. in.
corporated Tor the purpose of insur lncn az inst
fire, in the state Of Michigan, is now in success
fnl operation. Their office is in the vill,g, of
Kalamazoo, and it is their intention to estiblish
an agency in every vidge throughout the STATE,
to receive the applications of persons wishing to
associ t. with them.
The principles of such company. when un.
dcrstood cannot fail 10 commend themselves to
the favor of the public. 1t is not a moncyei
monopoly nor is there, nor can th re bc, any
| money-n king scheme connected with it. l. il
nothing more nor loss than "a voluntary associa.
ton Of individuals pledged 10 b, ar each others
osses in just and equitable proportions,-or, in
other words, to 'hclp one another"
Ey.ry man who insures in this Company, be-
CONES a member of it, and is directly Interested
in its prosperity. AT the time OF making his Ip-
pile .ton, he is required to give his note, with
pproved security, for the premium of insuranc ;,
and which is clll'd his "pren,ium mite" tn
| rate Of the premium is governed by the amount
insured and the hazard of the risk For in
| stance, if a farmcr wishes 10 insure $500 upon
| his barn and cont nts the rate of which is IL
| pr cent, he gives his note mot on int res
for S22 50,-six per cent of which, 81 35, is
| id at the time and until loss is sustain d by
the Company, he is not required to p y any
| further premium during tn, continuance of his
| insurance. which is in all cas- IS for six years.
thus it will bs perceived, the spital of the Com
p1ny is mad2 up of its "premium notes." which
| will alw US lie sufficient in amount to indemnify
| ag inst any loss tht may happen. And the adj
| .ntagc of this syst m over other companies, Il
the person insured, consists in this, tha instead
of p ying the cash for his premium, he gives hi
note. and m y heverbs cdlod for payment of 4.
except in case Of losses, and even then by small
| insialments,-in the one he pays cash pre-
| MUM TO swell the Golfers Of a rich mo lopoly
aid to enlarge the dividends of wealthy stock
holders ;-Wher as, by the plan of mutual in
| SURFACE ,he persons insured ar, the only stock
oldtrs, and the individual saves in his owl
pocket, what by tn othor plan he is rcquir d Il
p,y out Of it, TIL practic i oper tior of thu
system of insurance has be,n sted in V,rmon
md other l. storm states, and tho suit has beer
saving TO the insured of an avcrag, of three
qusrt RS of the amount usually required to insur
in stock comp mics.
TIE Company invite the public to come for
ward and rake of, as well as contribute to tn
advantages derived from mutual assistance
Ali communications may be addressed to tn sec
r.tary, at Kalamazoo who will Civ, all neccssar
information 10 gents and others.
JAMES SMITH, Jr., President.
Y. PLATT. Secretary.
The following is a list of local agents who Wi
receive applications for Insurance. from persons i
their vicinity:
Ann Arbor, e. W. Morgan; Jacksonburgi
J. G. Baily; Ypsilsnti, Marcus Lane; 4
cumseh, Andrew Stacy; Clinton, Charlss Char
der; Marshall. Charles r. Gorham; Battl
Creek, Cephas A. Smith Allgan, Milo Wins
low; White Pig on, Austin Chaplin Centr,
vile, Tnos. w l. nglcy; Constantine, James /
Johnson Schoocratl, l.. l.. Brown; Monro
Alph us Fetch Dtroit, J. M. Howard; 5
Joseph Chas. A. Morton Niles, Vincent
!. Br idford.
n The Company are DESTROYS Of being furnishe
: with tho names of responsible persons who wi
act, and act efficiently, as agents in towr
where appointments have not already been mad
Kalamazoo, July %. 1897. 81