Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-02-28

1 amazoo Mutual Insurance Company in.
corporated for the purpose Of insurance. against
fire. in the state of Michigan, is now in success
fhl operation. Their Office is in the village Of
Kalamazoo, and IL is their intention TO establish
an agency in every village throughout the state,
to roc Nv ths ~ lions Of persons wishing TO
associate with thea.
The principles of such company, when un-
dcrstood cannot fail to commend themselves to
the favor of tho public. II is not moncyeJ
monopoy;-nor Is there, nor can there he, any
money -nDGkng scheme connected with il. 1t is
nothing more nor.less than "a voluntary associa.
ton of individuals pledges to bear each Others
losses in just and equitable proporiions,--or, in
other words, to help 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.
plicltion, he is required to give his noic, with
approved security, for the premium of itsuranc,,
and which is called his " premium nate" Tn.
rate OF the premium is governed by the amount
insured and the hazird of the risk For in
stance, if flrmer wishes 10 insure $500 upon
his harm and contents, the rate of-vhich is IL
per cent, he gives his note (not on int rest)
for SS22 50.--six per cent of which, 81 35, is
i'd al the time and until loss is sustained by
tn, Company, he is not required 10 ply any
further premium during tn, continuance of his
Insurance., which is in all GASES for six years.
thus it will be perceived, tho 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 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 my never be called for payment OF il,
except in case OF losses, and even then by small
insamants,--i the one case he pays cash pre-
mi n hC of Ri IN
and to enlarge the dividends of wealthy stock
holders ;-Whereas, by the plan of Mutual M
surance the persons insured are the only stock
holders, and the individual saves in his own
pocket, whit by tho other plan he is requir d to
pay out Of it. Tn, practical operation of this
system of insurance has been tested in Vermont
and other T. tstern states, and the result has been
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 for
ward and plrtake Of, as well is contribute to tn
advantages derived from mutual assistance. -
All communications may be addressed TO the sec
rstary, at Kalamazoo, who will give all necessary
information 10 gents and others.
JAMES SMITH, Jr., President.
Il. PLATT, Secretary.
The following is list of local agents who will
receive applications for insurance from persons IL
their vicinity:
Ann Arbor, E. w. Morgan; Jacksonburgh
j. G. Bailey Ypsianti, Marcus Lane; Tc
cumsch, Andrew Stacy; Clinton, Charles Chan
der; Marshall, Charles Il. Gorham; Battle
Creek, Cephas A. Smith Allegan, Milo Wins
low; White Pigeon, Austin Chaplin; Centre
vile, Thos. w. l. ngloy; Constantine James L
Johnson Schoolcraft, L. l.. Brown; Monroe
Alph us Fcch; ID .troit, J. M. Howard; st
Joseph, Chas. A. Morton; Niles, Vincent l.
| Bradford.
Thu Company arc DESTROYS Of being furnishe,
with the names of responsible parsons who vii
act. and act efficiently, as agents in town
where appointments have not already been made
| X ,lamazoo, July %, 1887. 81