Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-01-03
H ELP ONE ANOTHER.-The

UHELPONEA NOTHER.-T Kali
n n 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 tho public. 1t is not a moneyed
monopoly nor is there, nor can there be, any
none -making scheme connected with il. 1t 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 "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 ap-
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 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 intercst
for 1922 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 the continuance OF his
insurance, which is in all cases for six years.
thus il 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
tho 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,---n the case he pays cash pre-
MUM to swell the Golfers of rich monopoly
and to enlarge tho dividends of wealthy stock
holders ;-Whereas, by the plan OF mutual IN
surance the persons insured the only stock
holders, and the individual saves in his owl
pocket, what by the other plan he is required tC
pay out of it. The practical operation OF th
system of insurance has been tested in Vernon
and other Eastern states, and the result has beer
n 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 sec
: rotary, at Kalamazoo, who will give all necessar.
information to agents and others.
JAMES SMITH, Jr., President.
z. PLATT Secretary.
I The following is a list of local agents who viii
receive applications for insurance from persons Il
; their vicinity:
r Ann Arbor, e. w. Morgan; Jacksonburgf
f J. C. Bailey; Ypsilant, Marcus Lane Tc
| cumseh, Andrew Stacy; Clinton, Charles Chan
der; Marshall, Charles II. Gorham; Battl
Creek Cephas A. Smith; Allcgan, Milo Wins
: low; White Pigeon, Austin Chaplin; Centr,
c vile, Thos w. Langley; Constantine, James
Q Johnson Schoolcraft, Z. L. Brown; Monro
: Alpheus Fclch Detroit, J. M. Howard; 5
It Joseph, Chas. A. Morton Niles, Vincent
d Bradford.
Q The Company are DESTROYS Of being furnishc
s with the names of responsible persons who wi
/" act, and act efficiently, as agents in towI
IS where appointments have not already been mad
r Kalamazoo July %, 1887. 81