Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-01-24
HELP ONE ANOTHER.-The Kali.

LII 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 will ige Of
Kalamazoo, and it is their intention TO establish
an agency in every will ge throughout the state,
to receive the applications Of persons wishing to
associate with them.
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
money making scheme connected with it. 1t is
nothing more nor less than 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 a member Of it, and is directly interested
in its prosperity. At the time OF making his APP
plicdtion, 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 the premium is governed by tho 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 IL
PER cent, he gives his note mot on interest)
for $22 50,-six per cent of which, 81 35, ID
paid at the time and until loss is sustained by
the Company, he is not required to ply 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 "prcmium notes." which
| will always be sufficient in amount to indemnify
| against any loss that may happen. And the ad.
vantage of this system over other comp,ni, s. to
the person insured, consists in this, that instead
of paying the cash for his premium, he gives h,s
| note, and m ~ never be called for payment of it,
| except in case Of losses, nd even then by small
| instamonts,-in the one case he pays cash pre-
| min IN ha If ric no
and to enlarge the dividends Of woaltl y stock
holders ;-Whereas, by the plan of mutual an
| surdnce the persons insured are the only stock
| holders, and the individual saves in his owl
pocket, what by the other plan he is requir, I'd t'
pay out of it. The practical operation OF thi'
| system of insurance has been tested in Vermont
Ind other Eastern states, and the result has boer
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 partake OF, as well as contribute to tn
advantages derived from mutual assistance
| All communications may be addressed to the soc
rotary, at Kalamazoo, who will give all necessar,
information to agents and others.
| JAMES SMITH, Jr., President.
| z. PLATr, Secretary.
The following is list of local agents who vii
receive applications for insurance from persons II
| their vicinity:
Ann Arbor, E. w. Morgan; Jacksonburgh
J. G. Bailey; Ypsilanti. Marcus Lane; t.
cumseh, Andrew Stacy; Clinton, Charles Chan
der; Marshall, Charts T. Gorham; Battl
Crock, Cophus A. Smith Alleg gan, Milo Wins
low; White Pigeon, Austin Chaplin Centre
vile, Thos. w. L ingley; Constantine, James
johnson SchoolcrsN, f. L. Brown; Monroe
I Alphsus Folch Detroit, J. M. Howard; 81
Joseph, Chas. A. Morton; Niles, Vincent L
Bradford.
/ The Company are 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