Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-01-10
NE ELEs ONE ANOTHEI.-The Kali

VI
IL 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, ond 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 I'M
derstood cannot fail to commend themselves to
the favor of the public. 1t is not moneyed
monopoly;-nor is there, nor can there be, any
money-rnnking 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 ono another"
E"cry man who insurcs in this Company, be-
comes q member Of it, and is directly interested
in its prosperity. AT the time OF making his ap
plication, hc is required to give his notc, with
approved security, for the premium of insurance,
and which is called his premium nate" 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 LIZ
per cent, h, gives his note mot on INTEREST,"
for 1922 50,-six per cent of which, Isl 50, is
paid at the time and until a loss is sustained by
the Company, he is not required to pay any
further premium during tn, continuance of his
Insurance., which is in all cases for six years.
thus il will be perceived, tho capitol 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 ad-
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
| instaments,-in the one 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
surGnce the persons insured 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 tbs result has bscn
a saving to the insured Of an average Of three
quarters of the amount usually required to insure
| in stock companies.
The Company invite the public to como for
ward and partake of, as well as contribute TO the
advantages derived from mutual assistance
| Ali communications may be addressed to the sec.
rotary, OF Kalamazoo, who wiz give all necessary
| information TO agents and others.
| JAMES SMITH, Jr., President.
z. PLATr, Secretary.
The following is list of local agents who will
receive applications for Insurance. from persons in
their vicinity:
Ann Arbor, L. w. Morgan; Jacksonburgh,
j. G. Bailey; Ypsilant, Marcus Lane; To-
/ cumsoh, Andrew Stacy; Clinton, Charles Chan-
der; Marshall, Charles r. Gorham; Battle
Creek, Cephas A. Smith Allegan, Milo Wins
low; White Pigeon, Austin Chaplin Centre
vile, Thos. w. Langley; Constantine, James E.
Johnson; Schoolcraft, E. l.. Brown; Monroe,
Aph,us Folch Dstroit J. NJ. Howard; st.
Joseph, Chas. A. Morton Mics, Vincent l..
| Bradford.
Tho Company arc DESTROYS of being Furnished
with the names of responsible prisons who will
act, and act efficiently, as sg'nts N towns
where appointments have not already been made.
Kalamazoo, July % 1897. 81