Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-05-23
HHELP ONE ANOTHER.-Tho Kali

n n EMP one ANOTHER.- Kal
II "a amazoo Mutual Insurance Company, in
corporated for the purpose of insurance against
fire, in the state of Michigan, is now in success
ful 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 receive the appli cations of persons wishing to
associate with them.
The principles of such company, when un-
derstood cannot fail TO commend themselves To
the favor of the public. 1t is not a moneyed
monopoly nor is there, nor can there be, any
money making scheme connected with it. 1t is
nothing more nor less than voluntary associa-
ton of individuals pledged to bear each others
losses in just and equitable proportons,-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 APP
plicaton, 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 flrmer wishes to insure $500 upon
his barn and contents, the rate of which is 2
per cent, he gives his note mot on interest)
for 1922 50,-six per cent of which, sl 35, is
paid at the time and until loss is sustained by
tho 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 it will be perceived, the capital of the Com.
pany is made up of its "premum 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
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
nstaments,-in the case he pays cash pre-
MUM to swell the Golfers of a rich monopoly,
and to enlarge the dividends of wealthy stock
holders ;--Whereas, by tho plan of mutual in
suraace the persons insured are the only stock
holders, and the individual saves in his own
rocket, what by the other plan he is required to
paw out of it. The practical operation of this
system of insurance has been tested in Vermont
and other L lstern statcs and the result has been
a saving to the insured of 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 secro-
tsry, at Kalamazoo, who will give all necessary
information to agents and others.
JAMES SMITH, Jr., President.
Y. PLATT, Secretary.
The following is list of local agents who will
receive applications for insurance from psrnsso
in their vicinity:
Ann Arbor, f. w. Morgan Jacksonburgh,
]. C. Bailey; Ypslanti, Marcus Lane; TIE.
cumseh, Andrew Stacy; Clinton, Charles Chan
der Marshall, Charles II. Gorham Battle
Creek, Cophas A. Smith Allegan, Milo Wins
low; White Pigeon, Austin Chapin Centre
vile, Thos. w. Langley; Constantine, James E.
Johnson Schoolcraft, e. L.. Brown; Monroe,
Alpheus Felch; Detroit, J. NJ, Howard; St
Joseph, Chas. A. Morton; Niles, Vincent L.
Bradford.
The Company arc DESTROYS of being Furnished
with the names of responsible persons who viii
act, and act efficiently, as agents in towns
where appointments have not already been made
Kalamazoo, July %, 1877.