Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-10-04

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Ill 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. IL is not a moneyed
monopoly nor is there, nor can there be, any
money-making scheme connected with it. II is
nothing more nor less than a voluntary associa-
ton of individuals pledged to bear each others
losses in just and equitable proportions,-or, in
other words, to "hclp 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 APP
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 tho 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 mot on interest)
| for $22 50,-six per cent of which, ST. 35, 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
instalments,-in the one case he pays cash pre-
/ 10
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
and other Eastern states, and the result has beer
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 tn,
advantages derived from mutual assistance
All communications may be addressed to the sec
rotary, ut Kalamazoo, who will give all necossar,
information TO agents and others.
JAMES SMITH, Jr., President.
z. PLATT, Secretary,
The following is list of local agents who will
receive applications for insurance from persons il
their vicinity:
Ann Arbor, E. w. Morgan Jacksonburgl
J. c. Bailey; Ypslanti, Marcus Lane; TIC
cumseh, Andrew Stacy; Clinton, Charles Chan
der; Marshall Charles Il. Gorham; Battl
Creek, Cephas A. Smith Allegan, Milo Wins
low; White Pigeon, Austin Chaplin; Centre
vile, Thos. W. Langlcy Constantine James L
Johnson; Schoolcraft, T.. L. Brown; Monroc
Alpheus Felch; Detroit, J. M. Howard; 81
Joseph, Chas. A. Morton; Niles, Vincent 1
: Bradford.
, The Company arc DESTROYS Of being furnishe
with the names of responsible persons who wi
act, and act efficiently, as agents in town
where appointments have not already been made
Kalamazoo; July %, 1887. 81