New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-12-15


FREDERICK SCHUCHARDT,
STEPHEN CAMBRELlNG.
4. Z. RODGERS. Preside-t.
ID. c. TAYLOR. Secrefarv
". II. HARRISON Counsel.
JAMES WEBB SHzeVOr.
Office Of The Company, No 10 Merchants Exchange.
o. the principal story William aai " s!-sts.
PROSPECTUS.
The Directors of the HoUsEHoLpERS Mutual iNsus
,>cE COMPANY III pre.sntluc this Pfo.pecu, pub
lie deem proper expIin tao peculiar features OF p
N.iHai Of Insurance. at the distinctive
of tbs Compae :, psricular, ia which dl5r.
oniy JOINT stock comp auie. hut from other
ua l>socIatuu-
Tin. Company Is not Gully based upon til, general paS
Of mutual Indemnity, secured by the association Of
aumber of individuals, who agree each other
armies from los. by dfc, an purpose incur
no cher absolutely necessary eXpeuses-but II s
peculiar reepsot confines I'seli the
-ur4nce of eing houses ohy ana the property usu
4iy contained therein
o. the ,naJs ct fine general plan Of iuual assurance
ihd tie comparison % -at Ian h Insurance. by JOINT
,focA compane.. much u.ignt he s-I-.
Taat Insurance generally does more than absolutely
NECESSARY exp-n,es j. rvisGt from tAc fact THAI tn
business j. considered profitable. stock companies
certain are established t0 The benefit tho sSjekhod
-f,. a.d carry business Iio@ winch they expect 10
pron; arer paying 'eay! lossc- Wneh t's oh
Irc1 provided To-. then the profit begins
Although the of tn capital sudiou,ly ait
lef,re IN public fsnd inemniS inS the insurc'
~ per and tcas " al the Stockholders have ANY
idea ~ -u-h Appropriation OF IL The pro"ts nr" ~
pee pay losses, and te the Tet
n of The crerpnze aud the bi,is of thelr liber.
ten,s
nov # the Insured take this business into their
nasas Il, y receive bac this excess. thu shape of
10 ned prep!iu-, their Is obtniGed a.
.o.t and the, realize tho advantages Of both Insurer
| md in-ured.
Tau, the interests Of that numerous aud respeca be
class which Afford 10 stock III any ineorro-
riied company, "iith Is shut oGt from shs'' III IL
.,auace nel AID hch pN premiums 10 swell the div,
lcns Others are rccUar!y represented IN The Mn'u
,y.teu. AI,rr Insurance mere constitutes claim, 70.
Hlly for tmuIty hut Tor ba.e III the profits, ana
| 20. se m az ln,n ,semeDt.
TaRi these profits great. even when promscuoi-
INSURANCE l. inaie the large dividends Of some uf our
JOINT SO, k companies bear witness Undrr tue MatuA
ysts these Preht' are eher divided 80 loon a. e"fnel
n h'Ilg uttered To accuiani"e iofn ilnd ~hch ~ ~
vested, and represented Dy scrip a"d which furnishes
n,l y ac.iast los AID provides the pre'H
ans Tor future Insurance. BY the interest sccruins from
! Is iuye>tmcrt.
But thu chief and prominent peculiarly Of this Com
many ,ud tEit on winch Il DiIuy relies for the conf
leuce OF The public and FIR ultimate success the
friction business by the charter. the I"'9ranfr
of D1e!iag Hya.es ana properly usually coHdinec
h,rstH 40 similar plan It Is ur.ls.e sd, yr been
AZ before JGe Ju1lic.
IL Is rrll know u a. Il nearly all tim losses which FOL,
upoa companies, are the consequence OF The
burning o valuable storcho-es aud tue cosuy >ierchdA
lt.i tncy usually The concentrations 80 much
nrope.ty ami Tie comparatively unprotected state III
often left, the repeated i-Sia ct' OF
accidental testify TO cases, too III when iIHS'e
1uckrt of water At first might qi,nced that winch
mo- human eort cuul iaail gus h, teaches u, tEa
ar safety, 4d for tilng los, the event of accId NJ
Dwelling nlls, constantly occupied, sttui pre Innen'
A eierrnce lD l3cls. AMI 10 the experience ~ ever
one. vi 3D. o.e tAa. accltens ~ dwellings, are not on,
~ unu,al hui lhat whenever they do happen, the IN
ar, Is r,ia they always occupied at night anu
an nneis timely noiice of the e1nger ana
nsoyldc, !or II, IN -cGi ate eXtiagui,hment
lie; the householder then. "netaer he be the owner or
merely the tea Dwelling, separate ms RISK from
csn,e ma Ia ere 80 much hazardous, by the issur
,ree of his mouse. o. If ms furniture sush
q, thai II ~ pay Tor ,mnity aorc tlan s just
,p,. eqaiinbi. q lota OF e. 2euse.
rne ishtng results oftne revival OF the Mutual ys
IN, OF INSURANCE ia ,eserai Of tnis sat; IL
zach II IA, been adopted the established character n
s for wears enjoyed tugldnd aud M general sue
bo.h a, &, 1ieGant u nnd profits. shih marked
49, spri aon 70 aud Fire I-su'ance IN our own
.i.v ~a.- nothing wanting ante patton OF 'uccsss 10
enterprise, COMBINING. As 1t 6oe- tie General DeEeh
Il he Nh ~ VITA NE peculiar reit'u0h oil '
/ rs.rem 10 haze ~ : de- -rlbeh -
Anoihe chsr-cerisuc 4 this company WIN De oeV'i
Ind-r>ta by The ioioNIug extract E"h IN" |pf'''
,hth describes ar=e class o. pfr-ors "-o' as ~ at
lcu. rsprc,eutalya charsct-i' cannot a'l Zen.
.,ve behalf OF "a principals '"ey repr.'eno oI M
pnV bee - huusi insurarce - a-' "'Hei o'i"fH"'
- II saaii ald may be !t"Ii Tor co'P''a'l's li'
/ tees Euariiin,' executors A""'N's,i ,e = N'-
he Court o. ChaIc' ~ ma o.ue' M , -, ,r
Hey' III L., u 'Si.s "''l Wv 'nii h., t5.,n u,
Insurance % NE 80 aa- . ~ ,.ler tb.
trrsts sl" 81 tAeif 'fus aIu p,Nep- nm ,b H.,
i..e as iH'I ~ -, ,n.,,,ed rs # tbey se.e
-A-ct, n Tesrect 70 me properly 1D9''''' - a.
NJ -'.o-'1 - ~ n make and ,i,e 6of
g1.ien "A''A IL 'u'l ~" ~ 81 49, o,, nj