Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-11-08
H ELP ONEANOTHER.-The Kal

III III anizoo Mutual Insur anco Company. in
corporated for the purpose Of Insurance. ag inst
fire, in the st tie of Michigan, is now in success
full operation. Their office is in the will 90 of
Kalamazoo and it is their intention TO establish
an agency in every will ge throughout the st lte
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 a moneyed
monopoly nor is there, nor can there be, any
moneyrnaking scheme connected with il. II is
nothing more nor less than a voluntary associa-
ton of individuals pledged to bear eacn otners
losses in just and equitable proportions,-or, in
other words, to :" help one another"
Every man who insures in this Company, be-
comes a member of it, and is directly interested
in its prosperity. At the time OF mixing his ap-
plication, he is required to give his note, with
approved security, for the premium of insurance,
and which is called his Z" 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 l-2
per cent he gives his note mot on int rest)
for 800 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
insurance, which is in all cases for six years.
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
instalments,-in the one case he pays cash pre-
| MUM to swell the Golfers of rich monopoly,
and to enlarge the dividends of wealthy stock
| holders ;-Whereas, by the plan of mutual in.
| surance 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 in Vermont
md 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 insur
| in stock companies.
The Company invite the public to come for
ward and pirtake of, as well as contribute to tn
advantages deriv d from mutual assistance. =
All communications may be addressed to the sec
rotary, at Kalamazoo, who will give all necessary
| information 10 gents and others.
JAMES SMITH, Jr., President.
z. PLATr, Secretary. 'o
The following is list of local agents who will
receive applications for insurance from persons il
Ann Arbor, E. w. Morgan Jacksonburgh
J. G. Bailey; Ypsilanti, Marcus Lane; tt
cumseh. Andrew Stacy; Clinton, Charles Chan
der; Marshall, Charles T. Gorham; Battl
Creek, Cephas A. Smith All gan, Milo Wins
low; White Pig on, Austin Chaplin; Centre
vile, Thos. w. L.nglcy; Constantine, James
Johnson; Schoolcrait, E. l.. Brown; Monros
Alpheus Felch; Detroit, J. M. Howard; 81
Joseph, Chas. A. Morton; Niles, Vincent 1
Bradford.
Tbs Company are DESTROYS Of being furnishc
. with the names of responsible persons who wi
tct, and act efficiently, as agents in town
where appointments have not already been made
Kalamazoo, July %, 1887. 81