Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-07-04

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IL amazoo Mutual Insurance Company, in
corporatod for the purpose Of Insurance. against
ilre, In the state Of Michigan, is now in success
iui operation. Their Office is in the village of
Kalamazoo, ond ii is thoir intention TO establish
an agency in every village throughout the state,
to receive tho applications of persons wishing TO
associate with thcnF
The principles OF such company, when ufr.
dcrstood cannot fail to commend themselves Ia
the favor of the public. 1t is not moncved
monopoly Nor is there, nor can there be. snv
money-n,aking schomc connected with il. II Is
nothing moro 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"
Every man who insurcs in this Company, b.
comes member Of it, and is directly interested
in its prosperity. At the time ofmaking his ap.
pllcation, he IL required to give his motto, with
approved security, for the premium of insurance,
and Which is called his "premium note" Tho
rate OF tho premium is governed by tho 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 Ia
per cent, he givos his note mot on intcrcsD
Tor S22 50,--six per cent OF which, 81 35, is
paid at tho time and until a loss IL sustained by
tho 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 II will be perceived, tho capital of the Com.
pany is made up of its "prcmitm notes." which
VIII always be sufficient in amount to indemnify
against any loss that may happen. And tho adj
vantage OF this system over other companies to
tho person insured, consists i'm this that instead
OF paying tho cash for his premium. he gives his
note, and may mover be called for payment of it.,
except In case OF losses, and even then by small
mstaments,--in the one case he pays a cash pre-
MUM to swell the Golfers Of a rich monopoly,
and to enlarge tho dividends of wealthy stock.
holders ;-Whercas, by tho plan Of mutual in
sarance tho persons insured are the only stock.
holders, and tho individual savos in his own
pocket, what by tho other plan no 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 tho result has been
a saving to tho insured Of an average Of three
quarters Of tho amount usually required to insure
in stock companies.
The company invite the public to como for
ward and partake of, rs well as contribute to tho
advantages derived from mutual assistance. All
communications may be addressed TO the secre-
tary, at Kalamazoo, who will give oil necessary
information to agents and others.
JAMES SMITH, Jr., President
z. PLArr, Secretary.
Tho following is fist of local agents who will
receive applications for insurance from pernsso
in their vicinity
Ann ATbor, Z. W. Morgan; Jncksouburgh.
J. c. Bailey; Ypsilanti, Marcus Lane; Te.
cumsoh, Andrew Stacy; Clinton. Charles Chan.
der; Marshall, Charles r. Gorham; Battle
Crock, Cephas A. Smith; Allcgan, Milo Wins
low; White Pigeon, Austin Chaplin; Centre
vile, Thos. w Langley; Constantine, James y.
johnson; Schoolcraft, f.. L. Brown; Monroe.
Alpheus Fclch; Detroit, J. M. Howard; st.
Joseph, Chas. A. Morton; Niles, Vincent l..
Bradford.
rlo 4 % IL. Il.
with the names of responsible persons who will
act, and act cGicieatty, as agents in towns
where appointments have not already been made.
Kalamazoo, July %, 1877.