Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-05-16

The amount insured in each County cannot CON
vcnently be given until the next assessment is made
up. The incidental expenses of the Company du-
ring the above time, including the Office, land and
furniture costing SO, u 03, amount to 1913 523 49,
The cost to the members of the Company includ-
ing the per cent paid at the time Of making APP
plicntion for insurance, and all assessments laid
during the fourteen years. has amounted to 3 l-2
per cent a year on their Premium Notes, and to
each member who has been insured the whole time,
as follows:
On the lst class, Dwelling Houses, rated at per
cent premium, II cts. peryear on 500 90 insured :
I'd class Dwelling Houses, rated at 4 2 per cent
premium Is 3-i cts; Sd class, Dwelling Houses,
rated at per cent premium, II l-2 cts; 4th class
Stores, rated at s per cent. premium, % cts; 9Th
class Stores, rated at 9 per cent premium, 81 10
cts 9th class Grist Mills, rated at 10 per cent pre-
Num- 35 cts; 9TH class, Taverns, Colleges, Semi
nares Hatters Books and Stationery rated at II per
cent premium 40 cts. 9Th class Painters Shops ra-
ted at per centpremum,52 3 cts; 9th class, Saw
Mills, Joiners and Cabinet Makers Wheelwrights,
and Coopers rated at 20 per cent. premium, 20 cts
10th class, Cothiers' Shops rated at % per cent
premium, 81 10 cts. lth class Cothers and Card
ing, rated at 80 per cent premium, 105 cts 18th
class, Tanneries with Heaters Blacksmiths, Cotton
and Woollen Factories, and Paper Mills, rated at
80 per cent premium, Us cts.
There has been some complaint, that in conse-
quence of the Directors nsuring hazardous prop
erty, the expenses Of insurance had been more
on dwelling houses 1t has ever been their inten-
ton to ask premium enough on all classes rated
over per cent. to pay all losses happening to such
class, and you can Judge whether they demanded
sufficient when from the above you see what it has
cost each class per year to insure $l00 take it
in another view, the LIST class would be ia years
in paying the Company 500; the 4th class 357
the 9th class l42; and the 18th class only 81. The
undersigned believes that had only dwelling houses,
barns and their contents been insured, the expense
would have been full as much to those insured it
has been including the merchants, mechanics, and
manufacturers. There has also been some COM
plant that the expenses of the Company were too
large. The principle adopted at the commence
ment was that it should cost person in Windham
or Franklin counties no more to become insured
than person in Washington; therefore all postag-
es each way, have been paid by the Company
amounting to S4,062 80 about onc-eighth part OF
the incidental expenses, and including cost of Ia
bells, Office land, and furniture, to nearly one-thrd
and in conformity to the first principle of the Com
pany, the srictest economy has generally prevailed
Some losses of 3 per cents. have occurred in con
sequence of agents not conforming to the Rules
and Bylaws of the Company, in forwarding month
" what they had received. Also some assessments
have been lost, i'll consequence of agents neglect
ing to procure good surety notes, where personal
property only insured or real estate mortgaged
and much expense and interest has accrued to the
Company, where members have neglected TO pay
their assessments at the time they became due. 1t
is hoped and expected that hereafter the Act of In
corporation and Bylaws of the Company will be
strictly complied WITH by all interested. Let those
members who do not intend to conform to the rules
of the Company pay all dues, if any remain, and
surrender their Policies, and let no one join the
Company, unless he intends to comply with its laws
Since the first "Wednesday of August last, about
8 months, to the lst of March, there has been al
lowed for losses 5000 10: and an assessment laid
on the Premium Notes in force on the 10th day OF
December, of half of one per cent. payable in Oc-
tober next together with the balance Of assessments
due last October is sufficient to meet all losses and
expenses to the above time, and leave balance in
favor of the Company of Sl,Oo9 81. Much might
be said in favor of the Company Of the relief it has
afforded the unfortunate, of the necessity of every
person possessing property having it insured, of the
confidence it has acquired throughout the State
and of the very small amount it has cost its mem
bers Suffice it to say, it has greatly exceeded in
usefulness the anticpatons of its earliest and warm
est friends
DANIEL BALDWIN, President.
Yermont Mutual Fire Insurance CompanyS Office
Montpelier, May H. 1912.