Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-02-21

amszoD Mutual Insurance Company, in.
corporated for the purpose of insurance against
FIRE, in the state df Michigan, is now in success
ful operation. Their office is in the village of
Kalamazoo, and il IL their intention 10 establish
an agency in eveiv village throughout the state
to receive the opI 'ations Of persons wishing to
associate with them.
The principles of such a company, when un-
derstood cannot fail TO commend themselves TO
the favor of the public. II is not moneyed
monopoly;-nor is there, nor can there lie, any
money -making scheme connected with IL. IL is
nothing more nor less than voluntary associa-
ton of individuals pledg d TO bsar each others
losses in just and cquitpblc proporions,--or, in
other words, to ''hclp ono another"
Every man who insures in TIL Company, be-
comes a mcmbor Of il, and il directly Interested
in its prosperity. At The time oil m king his APP
piication, he is required 20 give has note, with
approved security, for the prent6,n Of insur ncs,
and which is called his "prcmiVm 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, tho rate Of which is l-2
per cent, hs givas his note mot on int resi)
for 500 50,--six per cent OF which, s1l 90 Is
paid al the time; and until loss is sustained by
Tho Company, he is not required TO Ply any
further premium during tn, continuance Of his
thus il will BE- pcrc,iv9d tho capital of the Com.
psny is made up of its "pterihm notes." which
will alwavs lie sufficient in amount to indemnify
against anv I. ss that may h4ppcn. And the aa-
vantage of this syst N over other companies. TO
tho person insured consists in this, that instead
of paying the cash for his premium he gives ms
note, and may never be called fol payment oil II,
except in case of losses, and even then W siila'
mstalments,-in the one case he pays cash pre-
MUM to swell the Golfers of rich monopoly,
and to enlarge the dividends Of wealthy stock
holders ;-Whereas, by the plan Of mutual M
surance the persons insured are the only stock
holders, and tho individual saves in his own
pocket, what by the other plan he is requir d 20
pay out of it. The practical operation OF this
system of insurance has been tested in Vermont
and other Eastern states, aud the 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 We'll as contribute 70 the
advantages derived from mutual assistance
All communications may be addressed TO the Sec
rotary, at Kalamazoo, who viii give all necessary
information TO agents and others.
JAMES SMITH, Jr., President.
z. PLArr, Secretary.
The following is a list of local agents who will
receive applications for insurance from persons in
their vicinity:
Ann Arbor, E. W. Morgan; Jacksonburgh,
]. C. Bailey; Ypslanti, Marcus Lane; Tc-
cumseh, Andrew Stacy; Clinton, Charles Chan
der; Marshall Charles II. Gorham; Battle
Creek Cephas A. Smith Allegan, Milo Wins
low; White Pigeon, Austin Chaplin; Centre
vile, Thos. w. Langley; Constantine, James e.
Johnson Schoolcraft, f. l.. Brown; Monroe,
Alphous Felch; Detroit, j. Nj. Howard; 81.
Joseph, Chas. A. Morton; Nils, Vincent l..
Bradford.
Thc Company arc DESTROYS Of being furnished
with tire names of responsible persons who will
act. and act efficiently, as agents in towns
where appointments have not already been made
Kalamazoo, July %, 1887. 81