Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-01-31
"ELPONE ANOTHER.-Tho Kal.

III 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
money making scheme connected with it. II 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 help 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 IL
per cent, he gives his note mot on INTEREST,"
for $22 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
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
the person insured, consists in this, that instead
| of paying the cash for his premium, he gives hi
| note, and may never be called for payment OF 1T
except in case 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 ;-Whereas, by the plan OF mutual "a
| surdnce the persons insured are the only STOCK
holders, and the individual saves in his owl
pocket, what by the other plan he is required L
pay out Of it. The practical operation OF TIL
| system of insurance has been tested IN Vernon
and other Eastern states, and the result has Deo
| 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 como fol
ward and partake OF, as well as contribute to tn
advantages derived from mutual assistance
All communications may DO addressed to the sec
rotary, at Kalamazoo, who will give all nocessar
information to agents and others.
JAMES SMITH, Jr., President.
z. PLArT, Secretary.
The following is list of local agents who wi
receive applications for insurance from persons
their vicinity:
4 Ann Arbor, e. w. Morgan; Jacksonburgl
J. C. Bailey; Ypslanti, Marcus Lane II
cumseh, Andrew Stacy; Clinton, Charles Cha,
dior " Marshall. Charles 7. Gorham; Battl
Creek, Cephas A. Smith; Allcgan, Milo WIN
low; White Pigeon, Austin Chaplin Contr
vile, Thos. w. Langley; Constantine, James
johnson; Schoolcraf, E. l.. Brown; Monro s,
!. Alpheus Felch; Detroit, J. M. Howard; 5
Joseph, Chas. A. Morton; Niles, Vincent
: Bradford. =,
/. The Company arc DESTROYS Of being furnisht
+ with the names of responsible persons who wi
act. and act efficiently, as agents in tow
whore appointments have not already beon mad
Kalamazoo, July %, 1887. o.