American Republican and Baltimore daily clipper., 1846-01-27

According - the SC tie thus eStIDusned, a parsUn
aged 80 year. in good health by contributing 81 Sc
secure to his family 500 ii he should die year
II otherwise. new contract must be made every
year and the Policy renewed annually, the premium
increasing gradually Every person whose family is
dependent on his personal services for support, may
by laying aside small part of his salary, earnings
make comfortable provision for his family at his
deah and save his wife aud children from pecunary
distress.
ID. A charge of fifty cents will be made for each
policy.
ID. No risk on single life will be taken for the
present, for less than Sl00 over $1,000.
18th. The policies may be made p lyab'e to a wife,
child or any person designated by the assured.
Sta The mode Of asceuaining the profits of the
company shall be as follows:
I-oF THE ASSETS.
lst The funds realized and invested shall be set
Down at their market value.
I'd. The present value of the premiums receivable
by the company shall not be estimated higher than is
warranted by calculations made according the pro-
liabilities OF human lite as deduced from the North
ampton tables ofmorality, and assuming the improve
ment of money to be at the rate of five per cent per
annum, deductlng two aud one half per cent for col
lcGtnp.
u-oF TIE OBLIGATIONS or THE COMPANY.
lst. ANY debt that may be outstanding, including
policies W 4ich may have emerged.
81 The present value Of the contaised in and
to become due hy the co npany's policies, TO be cacu
lated upon the same principle as the the assets above
named.
Ill. The excess Of assets over obligations will be
the profits to be divided
lst' The division of profits shall be confined TO that
class OF contributors whose premiums with interest
accuHu lated thereon, shall have amounted to fry
per centot the policies upon which the sad premiums
were paid, and the DIVISION shall be made upon the
mount OF said accumulated premiums.
2d when a class Of policy holders, as above named,
shall nave been formed, divsiOn Of profits shall take
place, and asnualy thereafter, when tWO-thirds of
the entire profits of the company shalt he paid IN cash,
and the remaining one third reserved to meet contn-
gehcieS arising during the year; that portion of said
one.lhlrh which may not be CXhau ted, to be added
to the profits of the next year and divided above.
9th. Members who wish to Withdraw shall he paid
the value of their policies according to the scale TO be
adopted by the Board of Directors.
Hh. In cases Of suicide the value Of the policy ac
cordmg to the same scale, to be returned the fam
ly Of the suicide.
The office will be open daily from 10 until O'Clock
, THOS. NJ. ALBEIT, Pres't.
THOMAS PHENIX, Sec'y.
DR, JOHN r W.DUNBAR,
Consulting Physician,
DIRECTORS.
Thos. NJ. Albeit, Richard Marley
Thomas Phenx, James l.. Ridgeiy,
John II. Barnes, james Young
T.. P, Holden, William S. Es pcy
John A. Thompson, John fl. T. Jerome
John Marshall, VIM. l.. McCauIey,
Henry ). SandersOn, john FOsset
Archer Rop,s, Samuel Child.
Lew Taylor, William Cotton,
J. Il. Emery, David Martini
William Ia ley, Jacob Mears,
Henry w KiGbs, James Lucas
James L0vcgrave, ja7-tC