New-York tribune., 1841-12-14

d. c. TAYLOR, Secretary.
W. h. HARRISON. Ccu-seL
JAMES WEBB S1rresor.
Office of the Company, No IS Merchants Exchange,
~ the principal story corner OF "ilism AMI "all-sts
PROSPECTUS.
The Directors Of the HOUSEHOLDER Mutual lNsuk'
,>cE COMPANY IN presenting this Prospectus - the pub
&c deem IL proper explain the pecuar features OF tho
lstusl system of Insurance. afd the distinctive character
,fth Company those particular. IN which II dIhsr'
io only from JOINT stock companies, but frem other nu-
,al associations.
This Company only based upon the general plaR
# mutual indemnify secured BY the association of
lumber OF individuals who agree TO save each other
aness from loss by fire. aud fer that purpose to incur
l, other than absolutely necessary expenses-bat II
scuar IN this respect confines itself 10 the IN
rance of yelling hoase, oaly aud Of the property usu-
lily contained therein.
On the subject of,he general plan of Mutual Insurance.
aud the comparison of mat plan with insurance oy JOINT
.tock companies. mach mIght be said.
That generally does cost more than aososev
,ece,sary expenses evident from the fact that inc
u,lsess considered profitable JOINT Stock comPahie'
certainly established for the benefit of the
as aud carry business IRON when t1ey expect
tt rive ptoi after paying kcasy Losses Wheh ths 90
.ct Is provided for then tho proht begins. 49,,
Althour the of the capital Is studlousy aiu
th, public as fund f.r lnemnifyng the injured,
w persons aud lens, VI all the stockholders have any
40, of such an appropriation of IT, The profits are ex
pcirl Tor The losses, Huu Hc UNUSED, "N'
an OF the enterpnZe aud the basis OF !heiT liberal uV
lends.
Nov # the iu.ared take this business into their own
ans they receive back IN the shape OF TO
urncd PREMIUMS that their insurance obtained AZ
o,t aud rhoy realize the advantages OF both insurers
ud insured =,
Thus the interests OF that and respectable
lass which cannot afford TO own stock IN any incorpo
rnted company, which Is shut out from share IN It's
cmcul and which pays premiums TO swell the diVi
Tend, OF Others peculiarly represented ID the Mutual
I imam her u III,
ny for indie unity but for saSre III the pronts, aud
,oicc the inan-g cement
That these profits are great, even when promssuons
insurance made, the large divlends Of some OF our
INT sto companies bear witness Under the Mutual
,stsm these profit. either divided so soon as earned
~ hepg suffered TO accumulate form fund whlch 10 IN
vested. and Is represented by scrip, aud which furnishes
ddtnal secur against loss aud provides the Prohi-
I'm, future insurance. by the interest accrulns from
esShas sstfier,. -
.ny and that on which mainly relies for tho conh-
fence OF the public aud for ultimate aucce's, ~ the re-
friction OF Business the charter, to the IH'Iraaee
Of Dazzling Houses and tho property usually e0Hd'ne@
No similar plan, 1t Ii believed has eve ye' Deen
,iI before the public. -,
1t is we'll known that nearly all tho losses which iai
upoG companies are tho consequence OF ho
bnrnng of valuable warehouses; and the costly 5eIchdn-
i.,e they usually contain. Tho concenraono OF so much
property, and the comparatively unprotected state III
hlch stores often lc the repeated iIstaocos oil
occidental burning testify IN cases too IN which sipse
uckct water first might have quenched thnt whicn
no human effort. coul ouly Dguish, teaches U.s. mat
or safety uhng loss i'll the event OF an nccid;H
yelling houses constantly occupied stand prc-eniinenf
reference to facts, and TO the experience 81 every
one will prove that accidents III dwellings are NOT only
very UNUSUAL but that whenever they DO happen tio
AIRY Is partu as they always occupied at nght an1
n immediate alarm gives timely notice Of the danger ana
provides for It's immediate ex,ingushment
Let the householder then, whether he bo the owner OF
merely the tenant his dwelinf separate MS RISK from
those rhlch are much more HAZARDOUS by the hsuf
,nce Of hs house. Of his furniture, lii 'ush hannef
shal pay for 1t. indemnity no more han is just
equitable qIotn OF expense
The a,ooishor results of the revival Of the Mutual sys-
tenn of insurance. teYeral couniie; OF th' STATE III
which Il has been adopted the established chsrhcte' II
a, for years enjoyed England aud ths general sue
cars both as indemnity and profits, which has marked
s application Marine aud Fire Insurance. 10 our own
ny leave nothing waiting IN anticipation oil success o
Nj enterprise combining. IL does tue general beeehw
II he Mutual stem with the peculiar rcirieton OF at
.y.eH have Just described 49,
Another characteristic of This Company will be better
by the following extract from the Cnsf"f'
alch describes large csss Of persons wao as ay'h'
acting in representative character, cannot avail tseS
selves IN behalf Of the principals they represent oil TOO
privilege Of Mutual Insurance IN any o'hsf company
"S3 IL sRai and may be lawful tor corporations uuS.
,ees ruard.n executors administrator, receiver. OF
Court OF Chanccry md other public officers or a'tof
neys fact with the said Corporation Tor the
of tue estates aas property held ny nem In
trust and Of ward, and principals, or under ths
and mana in like manner, aud with the Ike
fleet respect the property Insured Us IL hey were
4
gaion whIsh any such person IN III make and give for
,4ch rance snail he charged agans and paid out OF
the estate by the peron Pefons, Tor whose oele "
protection the insurance effected and snail MT be col
ccted from enforced sgaIBst the party making ana
gylBg the personally provided that II shall be de-
signated upon the obligation thai he vas therein
acting trustee or guardian, or IN a representative
character or q receiver or Off er sfo esaid
The Company Is nov prepared TO receive apPueauons
for Insurance. mach lower than those chafgsd
upon similar elsewhere. sad ~in receive ProPosa
Tor the n.ursnce Of" Dwelling Houses Household urn
,are Plate Family Stores Libraries fIctures etstury'
ahinets OF Minerals and ohr objects AnstomIc1 ~
Lotions, and all Household Property ofolhsthy ~
yelling Houses and actually so kept ~hhs' iHsaio1
,g,ir. o,a or damage by ire" (Ac Of Incorporation
Sect H. ,l.
The manner OF making the insurance. Is seioeo III 'A
folio wing section Of the Chaf'sl .. ~ aid
.tn rvsry rerson who shsl become member Oh saiu
('oreofatlon b. efe ting insurance t"eie'n ."i'
no csv. b,, -olcy deposi.e his promssory hote, Ior
- .,,,, NJ money A. shall be determined Dy tne ~
-, n,r, rot exceeding i've per cent, oil san note,
h- Immediately paid and the remainder OF The ssid
n.,e note .hsl be psy1sle IN part, or inc "hoie' NJ
ar. ,e uhea tie Directors ha deem the sane reqdste
~ oaymsut losses By IRE, and such incidental s1
a. snail. necessary for ;rsnsacting the business
If ss.d Company and at the IFrston oil the iefH
n..rance the SAID note such part oil the sane
r,msin p paid after deiucung all Losses and exPen Is DC
curing during SAID shall be reinquisheo ana gwen
p 20 maker thereof :, IN.
The smosn. of the deposlte Eotcs reteffse H.. ner
above section, is so graduated with rc'pec' "
esntaae paid thereon that the Immediate P,y 1904
quired shall be less than the p'eini NJ
,oou .ima, risks Printed copies oil TIC w ,,e,
r,.ks taken with the premiums asked shu a..
isforn.tion dcsired, n.ay be obtsIHsu ~ If W.u
Compasy, No ID hefcnsn@ NNs"s ei34t
and William streets,