Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-07-18
uWELPONE ANOTHER.-Tbo Ka,


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 a company. when un-
derstood cannot fail TO commend themselves to
tho favor of the public. Ii is not moneyed
monopoy;--nor is there, nor can there be, any
money making scheme connected with 1t. II is
nothing more nor less than voluntary associa-
ton of individuals pledged to bear zach others
losses in just and equitable proportions,-or, In
other words, to help one another"
Every man who insuros in this Company, be-
comes member of IT, and is directly interested
In It's prosperity. At tho time Of making his ap
piication, he is required to give his note, with
approved security, for the premium Of insurance.
and which is called his premium note" Tho
rate of tho premium is governed bv 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 I.2
per cent, he gives his note mot on ntercst)
for S22 50,-six per cent of which, 81 35, is
paid at the time and until loss is sustained by
the Company he is not required to pay any
further premium during tho continuance of his
insurance. which is in all cases for six years,--
1 w
pany is made up of its "premium notes" which
will always be sufficient in amount to Indemnity
against any loss that may happen. And the adj
vantage Of this system over other companies. to
the person insured consists in this, thatinstead
of paying tho cash for his premium, he gives his
note, and may never be called for payment of it,
except in of losses, and even then by small
instalmcnts,-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 ;-Whcreas by the plan of mutual
surance the persons insured the only
holders, and tho individual saves in nl
pocket, what by the other plan nc is rcqu
pay out of it. The practical operation
system Of insurance has been tested in We
and other Eastern states and the result hs
a saving to tho insured of an average of
quarters Of tho amount usually required tot.
in stock companies.
The company invite the public to como
ward and partako of, us well as contribute 20
advantages derived from mutual assistance.
communications may be addressed to the sc
tary, at Kalamazoo, who will give all neces'
information to agents and others.
JAMES SMITH, Jr., Preside
z. PLATr, Secretary.
| The following is list Of local agents
receive applications for insurance from ps
in thoir vicinity
Ann Arbor, E. w. Morgan Jacksonbl
J. Z. Bailey; Ypsilanti, Marcus Lane -
cumseh, Andrew Stacy; Clinton, Charles Chan.
dlcr; Marshall, Charles Il. Gorham; Battle
Crock, Cephas A. Smith Alcgan, Milo Wins
low; White Pigeon, Austin Chaplin; Centre
vile, Thos. w. Langley; Constantine, James Z.
Johnson Schoolcraft, T.. l.. Brown; Monroe,
Alpheus Felch; Detroit, j. M. Howard st.
Joseph, Chas. A. Morton; Niles, Vincent L.
Bradford.
Tho 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 boon made.
| Kalamazoo, July %, 1877.