Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-06-06
OBSERVATION-DISCLOSURES al

wE EXP ONE ASDFHER .-Th1 Kal
q "A ain 200 Mutual Insurance. Company, in
corporated for the purpose Of insurance against
ire, in the state Of Michigan, is now in success.
FIJI operation. Their office is in tie village OF
Kalamazoo, and it is their intention to establish
N agency in every village throughout the state,
% receive the applications Of persons wishing TO
lSsoclat3 with ITEM.
Tao principles of such company, when un-
uratpod cannot fail 10 commend themselves 10
~ favor of the public. Ii is not moncyed
monopoly;-nor is there, nor en- there 10, any
money-m king scheme connected with it, II is
nothing more nor loss than a voluntary associa.
ton of individuals pledg ID to bear each others
losses in just and equitable proportions,--or in
other words, to "hclp one another"
Every man who insurcs in this Company, bo-
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 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 1-2
per cent, he gives his note mot on interest)
for S22 50,-six per cent Of which, 81 35 is
paid at the time and until loss is sustained by
the Company, he is not required TO ply 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.
p1ny is made up of its "premium notes." which
will always be sufficient in amount to indemnify
aglinst any loss that may happen. And the al.
Y ntago of this system over other companies. to
the rson insured, consists in this, that instea,
of lying the cash for his premium, he gives hi,
note, and IN nJv5r be C lied for payment of
kept in case of losses, and even then by SINAI
instalm ants,--in the one case lie pays cash pre-
alum to sw III the Golfers of rich monopoly
md to enlarge the dividends of wealthy sock.
oilers ;-Whereas, by the plan of mutual IA
suraRce the Persons insured arr the only stock
,oli3rs, and the inliviIual s.v3s in his ow'
9ockt t, VIII i by In oLhcr plan he is required to
pIy out of it. TIL prIciicll oper ton of thu
ystsn of insar nee has been sted il rnoni
md other f lst ri ST. s, and thu result has he
saving to tn insured of IN lvcrag, of tire
ia rtlrs Of the amount usually required to insur
n stock comp mics.
The company invite Tho public to coma for
| v ri md plrtake OF, well rs contribut) totle
iivantay - deriv ID from mutual aisstinc'. All
communications may bo addressed 20 the seer
| airy, at X lanaz,o, wao vii. give Ill nacess .ry
| Norma, loh 10 e ,nis and OF crs.
JAMES SMITH, Jr., President.
u PLATr, ) cretdry.
| The following - list oil local agents who will
| receive applications for insurance from pornssc
| in thair vicinity:
Ann Arbor. E. w. Morgan; Jacksonburgh
j. c. Bailey; Ypsilanti, Marcus Lime; Tc
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 f
johnson Schoolcraft, e. Il. Browns Monroe
Alpheus Fclch; Detroit, J. M. Howard st
Joseph Chas. A. Morton Niles, Vincent L
Bradford.
The Company arc DESTROYS of being furnishc,
with the names of responsible persons who vii
act, and act efficiently, as agents in town
where appointments have not already been made
X llamazoo July %, 1877.