Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-05-02
H ELPONEANOTHER.-Th, Kali

Ee<E, OS AZ ANOEaH a. 3e.-Ih1 kal
n n amlzoo Mutual Insurlnc, Company, in.
corporated for the purpose of Insurance. az inst
fire, in the state of Michigan is now in success.
ful operation. Their Office is in the village of
Kalamazoo, ond it is their intention to establish
an agency in every village throughout the state,
to receive the apIli cations of persons wishing to
associate with them.
The principles of such company, when un-
derstood cannot fail TO commend themselves to
the favor of the public. 1t is not a moneyed
monopoly nor is there, nor there he, any
money-making scheme connected with it. 1t is
nothing more nor less than a voluntary associa-
ton of individuals pledged to bear each Others
losses in just and equitable proportions,-or, in
other words, to help one another"
Every man who insurcs in this Company, be-
comes member Of it, and is directly interested
in its prosperity. At the time o. mixing 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 tho 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 l.2
per cent, he gives his note mot on INTEREST,"
for $22 50,-six per cent of which, 81 35, is
paid at the time and until a 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 Gas s for six years
thus it will be perceived, the capital of the Com
plny is made up of its "premium notes." which
will always be sufficient in amount to indemnify
az inst any loss that may happen. And the al.
vantage Of this system over other companies, t.
the person insured, consists in this, that instca
of paying the cash for his premium, he gives h.
note, and may never be called for payment of it,
exception case of losses, and even then by small
instalmcnts,-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 ;-Whercas, by the plan of nRiuaL an.
surance the persons insured the only stock.
holders, and the individual saves in his own
pocket, what by tho other plan he 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 the result has been
a saving to the insured of an averag, of three
quarters of the amount usually required to insure
in stock companies.
The company invite the public to come for
ward and plrtake 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.
a. PLATr, Secretary.
The following is list of local agents who will
receive applications for insurance from pcrnsso
in their vicinity:
Ann Arbor, E. w. Morgan Jacksonburgh,
J. c. Bailey; Ypsilanti, Marcus Line; Te-
cumseh, Andrew Stacy; Clinton, Charles Chan.
der; Marshall, Charles Il. Gorham; Battle
Creek, Ccphas A. Smith Alcgan, Milo Wins
low; White Pigeon, Austin Chaplin; Centre.
vile, Thos w. Langley; Constantine, James E.
Johnson; Schoolcraft, E. l.. Brown; Monroo,
Alpheus Felch 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
where appointments have not already been made.
Ktamaxoo, July %, 1871