Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-05-16
ACKNOWLEDGEMENTS a

HH ELPOSE ANOTHER .-The Kal
HH- smazoo Mutual Insuranc, Company, in.
corporated for the purpose Of Insurance. ag inns,
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 appli,ations of persons wishing to
associate with them
The principles of such company, when un.
dcrstood cannot fail to commend themselves to
the favor Of the public 1t is not moncyed
monopoy;-nor is there nor can there be, any
| money-making scheme connected with it. 1t is
| nothing more nor less than voluntary assoca.
| 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 insurcs 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 the premium is governed by the amount
| insured and tho hazard of the risk For in
stance if farmer wishes TO insure $500 upon
| his barn and contents, the ratio of which is l.2
per cent, he gives his noto mot on interesi)
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 ply any
Insurance.. which is in all cas,s for six years.
thus it will be perceived, the capital of the Com.
pany is made up of its "pr5mium notes." which
will always be sufficient in amount 10 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-
MUM 10 swell the Golfers of a rich monopoly,
and to enlarge tho dividends of wealthy stock
holders Whereas, by the plan of mutual in
sarancc 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 been
a saving TO the insured Of an average of three
quarters of the amount usually required to insure
in stock companies.
The company invite tho public TO como for
ward and partake of, as well as contribute to the
advantages derived from mutual assistance. All
communications may be addressed TO the secre-
tary, at Kalamazoo, who will give all necessary
information to agents and others.
JAMES SMITH, Jr., President.
a. PLATT, Secretary.
The following is list of local agents who will
receive applications for insurance from p,rnsso
in their vicinity
Ann Arbor, f. w. Morgan; Jacksonburgh,
j. c.. Bailey; Ypsilant, Marcus Line; TIE.
cumsch Andrew Stacy; Clinton, Charles Chan.
der: Marshall, Charles II. Gorham; Battle
Creek, Ccphas A. Smith Allegan, Milo Wins.
low; White Pigeon, Austin Chaplin; Ccntre.
Vile, Thos. w. Langley; Constantine, James L
Johnson Schoolcraft, E. L. Brown; Monroe
Alpheus Felch; Detroit, j. M. Howard; ST
Joseph, Chas. A. Morton Niles, Vincent l.
| Bradford.
The Company are DESTROYS of being furnished
with the names Of responsible persons who viii
act, and act efficiently, as agents in towns
whore appointments have not already been made
| X tlamazoo, July %, 1877.