Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-06-13
III PONEANOTHER.-Tha Kali

Mn ELPONE ANOTHER.-Tha Kal
| II 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, and it is their intention to establish
IN agency in every village throughout tho state,
to receive The applications of persons wishing to
| associate with them.
| The principles Of such company when un-
dcrstood cannot fail to commend themselves to
the favor of tho public. II is not a moneycd
monopoy;-n is there, nor can there Lc, 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 "hclp one another"
Every man who insurcs i'll 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 tho amount
| insured and tho hazard of ahc risk For in
stanco if farmer wishes to insure $500 upon
his barn and contents, the rate Of which is -
per cont, he gives his note mot on intcrcst)
| for 1872 50,---six per cent Of which, 81 80, is
paid at the time; and until loss is sustained by
the Company, he is not required to pay any
|
| 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 "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 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 to swell the Golfers of a rich monopoly,
and to enlarge tho dividends of wealthy stock
holders ;-Whereas, by the plan of mutual in
surahce 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 boon tested in Vermont
and other Eastern states, and the result has been
saving to tho insured of an average of three
quarters of the amount usually required to insure
in stock companies.
The company invite tho public to com, 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.
| z. PLATT, Secretary.
The following is list of local agents who will
receive applications for insurance from pcrnsso
in their vicinity:
Ann Arbor, Il. w. Morgan Jacksonburgh,
J. c. Bailey; Ypsilanti, Marcus Lane To-
cumsch, Andrew Stacy; Clinton, Charles Chan.
der; Marshall, Charles Il. Gorham; Battle
Creek, Cephas A. Smith; Alegan, Milo Wins
| low; White Pigeon, Austin Chaplin; Centre
vile, Thos. w. Langley; Constantine James f..
johnson; Schoolcraft, E. L. Brown; Monroe,
Alphous Fclch; Detroit, J. M. Howard St.
Joseph, Chas. A. Morton Niles, Vincent l..
| Bradford. -
The Company arc DESTROYS of being furnished
with the names of responsible persons who will
act, and act efficiently, as agents in towns
whore appointments have not already been made
| Kalamazoo, July %, 1877.