Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-02-14
Kat

IL amazoo Mutual Insurance. Company, in
corporated for the purpose Of insurance against
fire, in The st ate Of Michigan, is now in success
fal op ration. Their office is in the will 20 Of
X ilamazoo, and it is their intention 10 est ,hish
an Ggency in eyerv will go throughout the state
to rec iye tn all IL .tions of persons wishing TO
associat, with tLeun.
Tn principles of such a, company, when un.
dcrstood clnnet fail to command Themselves to
tbs favor Of this public. /. is not a moncyed
monopoly nor is there, nor can hire be-, any
moncy-ln king schems connected with it. II il
nothing moro nor less than u voluntary associa.
ton OF individuals pledged to bear each others
iossos in just and equitable proporiioas.-or, in
other words, TO I. help one another"
Ly ny man who insurcs in this Company, be.
CONES a IN mbsr of it, and is directly Interested
Ia its prosperity. At the time OF mixing his ap-
Pile .tion, lie is required to give his note, with
approved security, for the pr sinium of Insurance.,
and which is c ,li0d his 81 premium note." The
rate Of tho premium is governed by ths amount
insured and tbs haz ird of TIE risk For in.
stance, if a { rmer wishes 10 insure $500 upon
his barn and cont hts, tho rate Of which is a IL
pr cont, h, gives his note mot on interest)
for S22 50.-six per C mt of which, 81 IS, 10
p i'd at the time and until a loss is sustained by
tn, Company, he is not required to ply any
further prsniam during tn continuance of his
insuranc which is in al CHS s for six years.
thus il will b. pcrceiv d, the capital of the Com
pany is m d up of its "prslnium notes." which
will always lie Sufficient in amount to indemnify
az inst any loss that may hlpp,n. And the I'D.
vantage of this syst I'M over other companies. TO
tho p rson insured, consists in this, that instead
OF paying tho cash for his premium, he gives his
no,c, and N y n1v.r b. c-!ild for payment Of it,
exce in case Of losses, and even then by small
nsta!insnts,-in the Que case he pays a cash pre-
MUM to swell the Golfers of a rich monopoly,
aud to enlarge the dividends of wealthy stock.
holders -Wher as. by the pan of mutual in
surance tic persons insured ar, the only stock
holders, and tho individual saw, ~ in his own
peck t, VIII i by tn othsr plan he is requir d to
ply out of it. Th, practical oper ton Of this
syst IN of insur nce has be IN I sted in Vermont
md other L st IN ST t,s, and tn, result has been
J, saving to the insured of an avcrigs OF three
quart RS of the amount usually required to insure
IN s'ock c.mp mics.
Tae Company invite the public to come for.
ward and p .rtake o., IS well as contribute to the
advantages dsriv d from mutual assistance
All communications may be addressed to tho sec.
r-tary, al Kalamazoo, who will give all necessary
inform ltion 10 gents and 9th RS.
JAMES SMITH, Jr., President.
z. PLArT, Secretary.
The following is a list Of local ag -nts who will
re i've applications for insur me- from persons in
their vicinity:
Ann Arbor. E. w. Morgan; Jacksonburgh.
j. g.. Bail y; Ypsilanti, Marcus Lane; TIC.
cumsoh, Andrew Stacy; Clinton, Charles Chan.
der; Marshall, Charl s T.. Gorham; Battle
Creek, Ctphas A.. Smith All gan, Milo Wins
low; White Pig on, Austin Cnapin; Centre
vile, Tnos. w. l. ngley; Constantine, James E.
Johnson Schoolcrati, E. l.. Brown; Monroe,
Alfh us Fetch ID troit, J. NJ. Howard st.
Joseph, Oh IS. A. Morton Niles, Vincent l..
3r .dtord.
TIL, Company arc DESTROYS of being furnished
With tn names of responsible p rsons who will
ct, and act efficiently, as og nis in towns
where 1ppointm ,nts hav, not already boon male.
X lamazoo, july %, 1887. 81