Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-07-25
ACKNOWLEDGEMENTS

Ill 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 il is their intention to establish
an agency i'm every village throughout the state,
to receive the applications of persons wishing to
associate with Them
The principles of such a company, when un-
derstood cannot fail to commend themselves to
ffc favor of tho public. Ii is not moneyed
honopoly;-nor is there, 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 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 LIZ
per cent, he gives his note mot on interost)
for 500 50,--sx per cent of which, ST. IS, is
paid ut the time; and until loss is sustained by
the Company, he is not required to pay any
further premium during tho continuance of his
insurance, which is in all cases for six years.
thus it will be perceived tho capital of the Com
pany is made up of its "prcmum 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
notc and may never be called for payment of il,
except in ease of losses, and oven then by small
instalments,-in the one case he pays cash pre-
MUM to swell the Golfers of rich MONOPOLY,
n nd Ia ha If
holders ;-Whereas, by the plan of mutual in
surdnce 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, anu tho 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 the public to come for
ward and partake of, as well as contribute to the
advantages derived from mutual assistance. All
communications may be addressed to the score.
tary, at Kalamazoo, who will give all necessary
information to agents and others.
JAMES SMITH, Jr., President.
| q. PLATT, Secretary.
| The following is list of local agents who will
receive applications for insurance from pernsso
in their vicinity:
Ann Arbor, T.. w. Morgan; Jacksonburgh,
j. G. Bailey; Ypsilunti, Marcus Lane; Te.
cumseh, 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. Langley; Constantine, James E.
Johnson Schoolcrafl, L. l.. Brown; Monroe,
Alpheus Felch Detroit, j. M. Howard ST.
Joseph, Chas. A. Morton; Niles, Vincent L..
Bradford.
The Company arc dcsirous of being furnished
with the names of responsible persons who will
act, and act efficiently, as agents in towns
where appointments have not already been made.
Kalamazoo, July %, 1877.