New-York tribune., 1841-12-13

u. L.
~ x. HARRISON. COUNSEL
JAMES WEeR sRrrcyOr.
Oiicc Of The Company, No. 10 Merchants Exchange,
IN tie u,ncps story cnraer OF Wila5 and W al!-sts.
PROSPECTUS.
The Directors OF ih- HousEHoLnERs MUTvAL iN'uR.
4~cE CcMrA<y III presenting. hia Prospectus ths pub
lie deem It proper explain the pec1zF features Of the
Nsua system of insurance. id the distinctive Character
of ,h. Company, particulars in which II differs,
not univ from Joint stock companies, but fren other
tual issociatioa7
Thu. Comsauy - only based upoa th- general plan
Of mutual indemnity, secured by tss association of
number of individuals. who acrec each other
h2rlc- fro los, by fire, AMI for that purpose To incur
no o.her tlun absolutely necessary exprnses-but !; Is
peculiar ia thus respect that IT confines itss 10 the III
.ur4ace of daens houses ory and Of the property usu-
alp coutaaeI therein
On thc subject oie general plsn of hutaal Insurance.
and the comparison of taat plan ~" insurance ~ Jont
stock companies, much might be saio
That slrauc. generally does than ebolsiey
necessary eXp-n,e !, evident from tue Tact that the
business csu-idered profitable JOINT stock mPiuios
rsiny are established iOr the benefit The stockhOid-
sr, and carry bu,iae-s lfoa which hey expect TO
derive profit aer paying Seavy os.cs Wnch TINS OBJ
Iect D, provided ioF. then the profit begins.
Although toe amount of The capital ssudlou'y iaid
before the pubic fund Or adewnyins the insured,
y per.sus and OF all the stockhodorsi have any
.tea s such appropriation OF II no pro"ts aro cN
o.ct- 20 nay ior Losses, and tAe excess, the real
gam OF the enterprise aud the hasis OF iher liberal di-
dends.
No.g the inssred take this business into their own
hands, they tins is the shape Of re-
turned premiums, that tneir Insurance obtained at
cot and They realize tue advantages OF both insurers
/ aud insured.
Thu, The interests of ths, numerous. aud respectable
class which cannot afod to o~n stock III any ncorpo
rated company, which Is shut out from snare III ne
suag -lnrn ud which pays premiums 10 swell the di'i
teud, OF others rocuiaty rcpcseued ~ the Mutual
system Mere Insurance here constitutes claim not
only for indemnity but for snare in the Proht', ana
! tie nlli geine"l
rnst these profits are great when prouiI,cuous
insurance i, made, the srgc dividends OF some 81 our
joln, companies bear witness Under the S'uua
yste these profits either divided soon us rnrnod
ar hcgs suffered accumulate, form fund Inch IN
vested aud Is represented BY scrip, I'd which furnishes
additional ~ against los aud provides the Pre"i
insurance. b. the interest acctuHs from
II, investment
Rut III, chief and prominent PECULIARLY OF this Com
p7ny and which II maIrly relies tor the GOSH
ence OF the public and for Ultimate success, IL -c re-
strcon of Business by the charter, to the Insurance
Of Dazzling HMses and the property usually contained
therein. No similar plan, II 10 DeeNed has ever yei pceh
/ las before the public
Ii 1, well known tn 1t nearly al tho losses which fall
upoo Insurance. companies the consequence OF The
burning Of valuable sorehOuses and the cosby 1erchNn
Use they usually contain. The concentration OF 90 mucl
property, snd the comparatively unprotected stale III
often left as the repeated in.t- ICES OF
accidental burning testify IA ca-e- TOO IA "hlch SING
Of water first mis ut nave qucnched that winch
no human effort, c0ui ally eXtHgui-h, teaches U.s. tha
or safety aud for 'inc loss IN the event 81 an aceuf
dwelling n,us.s CONSTANTLY occupied stand pre-eainent
reference facts and 10 the experience oil every
one vii Prove that accidents IA dwelling, ae Hot onp
very unusual but that whenever they do haPPen hs IN
Iury Is para they sl~sys occupied at ueht anu
Immediate alarm gives timely notice oil Inc d'nsef'ano
/ provides for It's immediate eNtingalshment
Lei the householder them whether he be the own;r or
merely the OF nj, dwelling separate his FISK rom
those rnlch 80 much more HsLHdous ny Inc h'1u'
OF hts house or OI us furniture I'D susn
as thai shall pay for indemnity no more han us JUST
anu equitable quota of expense
Ths ASTONISHING results ofthe revival of the Mutual 'y.
TEN o! insurance IN eyerhi counties OF TINS STATE IN
which # mas been adopted established character II
Ia. for years enjoyed III England, ani ths general sue
cs. hoih A. TO indemnify aad profits which na' marked
its application Marine aud Fire Insurance. ID our
CIV ave nothing wanting anticipation Of success io
th, enterprise 1t does tue genera. benefits
of he MulGt system with Ae peculiar teil@tloH Vi '"i
system we have Ju.t described co.
,roibs, chor.cteri.tc Of this Company will be better
understood by the following extract iron the Charter
which describe, large class OF p-rsons rao As agents
acting in representative character, cannot AVIAN tseh
selves IN behalf Of the principals they represent Oh inc
privilege Of Mutual Insurance III any oinrf company
"S3 Il sHai and NAV be Lawful Tor corporations rus,
suardin-. executors, haninstratort receiver Vi
the Court ChauccTy and other Punlc o8ce' OF Stor
nev IN fact 70 gree with the aid Corporal for the
Insurance OF estates and property heid oy 'hem IN
trust. Of their wards and principals or ohoer tnsh
Gre and aase in like manner, and with ths Ike
.-c III respect the property insured as tbey were
The an oute aud every rote or otner 90
IxflU
.ch insurance. shall charged agan,t ana ptd out Of
the e,te ~ the peson perons Tor whose beneat o
protec lou the effected shd shah not De col
l,c,ei from enforced against the party making ana
giyias the sane personally provided mat II snail De as
rnated upon me obligation, that he ~a' taerein
acting IS trus tee .uarst-u, or IN representative
character. or a. receiver or Off er aio'esad
The Company IL prepars1 To receive spPheAion'
for insurance a. rates lower taan those charges
upop ,lmil.r ri,s- elsewhere, ard sill receive proposals
for the insurance Of D-elny Houses Household turn-
tu-e Plate Family Stores, Libraries, PICTURES statusry
Cabinets Minerals and other Objects Anatomical Col
.c;.ons ani all Household Properly ordinarily kept IN
D selling House,. and actually 80 Kept Mist iusared
81 los o, camsre by ire ACT CT Incorporation,
SECT H.
Tie manner Of making h= described in the
folio -,ng section of the Charter;
IS Every PERSON who hail become member Of .aid
CORPORATION ehecng insurance therein, shall before
Sc receives HI, Foley. depOse MS Prossory nos, for
us a sum Of MONEY shall be determined by the Dr.
recors part exceeding iye CENT Of said note,
shsl be Immediately paid and the remainder OF the sai
eSosIie shall be payable IN part or the whole a;
anv time Directors ha deem tAe req7sI,s
rr te payment osses by FIRE and such Incidental
pensss s14 Necessary for ransactag the business
Of -aii Company and the 81 Plr1oa OF the terS g,
n.arsnce me part of the Same as shs
r-nan unpaid after deluctng al Losses aud e1pen e DC
curing during -aid erra shall be rclaqushec al" si
up 20 maker thereof ,bs
The OF the deposit. notes, referred 70 - ga,
above secti-G, graduated, with resPse ,sot re-
cent.gs paid thereon that the immediate
CURED shall be less than the prem uus ,-n,,sn.
UPON similar risks. Printed copies OF 'H -, n,ner
risk. take. with the premiums asked siu os ~ 10
f,,;a ,.I,ed nav b, obtained at tae ofBcs %, thS
Compasy No 10 hssehaH" dl3it