Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-10-11

EM E1AkS On ~ ANcbTEgEEe.-Thc Kal
n IA amazoo Mutual Insurance. Company. in
corporated for the pnrposu Of insur nco az inst
fire, in the state of Michigan, is now in success
fol operation. Their Office is in the viii 90 of
Kalamazoo, and it is their intention TO establish
an agency in every vlnge throughout the state,
to receive tn, applications of parsons wishing TO
associlt5 with them.
Tho principles of such company, when I'M
deretood cannot fail 10 commnd themselves 10
the favor of the public. 1t is not moneyed
monopoly nor is there, nor can there be, any
monov-making scheme connected with it. 1t is
nothing more nor less than a voluntary associa-
ton OF individ ais Pledged to bar each others
losses in just and equitable proportons,-or, in
other words, TO ''hclp one another"
Every man who insurcs in this Company, be-
| comes menblr OF it, and is directly interested
in its prosperity. At the time OF making his ap-
| pic ton he is required to give his note, with
pprovcd security, for the premium of insur c.,
| and which is called his "premium nate" TIE
| rate OF tho premium is governed by tho amount
insured and the hazard of the risk For in.
stancs, if a farmer wishes 10 insure $500 upon
| his barn and contents the rate of which is l.2
pr cent, he gives his noto mot on interest
for S22 5O,-six per cent of which, 81 35. is
| pad at the time and until loss is SUSTAINED by
| tho 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 b. perceived, the capital of the Com.
pany is made up of its ''prcmium notes." which
will always lie sufficient in amount to indemnify
against any loss that may happen. And the adj
vlntagc of this system over other comp mics. to
the p insured, consists in. this, that instead
ofp1ying the cash for his premium, BIC gives his
note, and may nevor be called for payment of it,
| except in case of losses, and even then by small
| lns!almonts,-n the one case he pays cash pre-
rnium to swell the Golfers of rich monopoly
and to enlarge the dividends of wealthy stock.
holders ;-Whoreas, by the plan of mutual ia
surance the parsons insured are the only stock
holders, and the individual saves in his owl
| pocket, what by ths other plan he is requir d to
| pay out of it. The practical operation of Thu
syst IN. of insurance has BEEN tested in Vermont
nd other Eastern states, and the result has b,er
i saving to the insured of IN average of three
quart of the amount usually required to insurl
IA stock companies.
TIE Company invite the public to como for
ward and plr,ake of, as well rs contribute to tn
advantages derived from mutual assistance
Ali communications may be addressed to the soc
rotary, at Kalamazoo who will givo all necessary
information to gents aud others.
JAMES SMITH, Jr., President.
II z. PLATr, Secretary.
The following is list of local az ,nts who vii
re i've applications for Insurance. from persons il
heir vicinity:
Ann Ar5or, T.. W.. Morgan Jacksonburgt
J. G. Bail y; Ypsil nti, Marcus Lane; 4
cumsoh, Andrew Stacy; Clinton, Charles Chan
der; Marshall, Charls Il. Gorham; BATH
Creek, Csphas A. Smith All gan, Milo Wins
low; White Pig, on, Austin Chapn; Centre
villa, Tnos. w. Langley; Constantine James L
johnson Schoocrafi, T.. L. Brown; Monro.
Alph,us Felch; Detroit, J. NJ. Howard; 81
Joseph, Chas. A. Morton Niles, Vincent 1
Br afford.
The Company arc DESTROYS of being furnishe
with tn names of responsible persons who wi
4ct, and act efficiently, as agents in town
where appointments have not already been mad
Kalamazoo, July %, 1887. 81