The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1847-04-06
MUTUAL FIRE INSURANCE.

The Merchants and Farmers Mutual Fire In
Company of WORCESTER, MASS.
INVITE the attention the public the principle upon
which the business of this Company is conducted. AS
the corporate indicates, the main object OF the Com
psny is, afford Merchants and Farmers opportunity
tor procuring safe insurance. upon moderate terms, and
strictly upon the mutual principle In order TO preserve
this principle is deemed indispensable 10 decline all risks
which are usually dennmnated ertra-hGzar6ouS; beiev
ing, that if such risks permitted tn be mingled with
those the Merchant Farmer the premiums likely
to be disproporonate to the risks, exacng from such
insure the least hazardous properly, than just and
equal contribution TO the ex pense of insurance
Insurance may be made against loss OF damage by hre,
upon any building EXCEPT the shops carpenters black
Smiths coopers, cabinet nakers, chair makers and wheel
wr CHS, or buildings in which dry shavings are made TO
such extent become hazardous or In which the
manufacture of wool, cotton hemp fax, oil or paper is
carried power employ ed in which business
is done alike hazardous any of the above risks in
which powder, turpentine, any like combusble
matter is stored used in such quantities as materially 10
increase the danger.
And upon hay grain, neat cattle horses steep swine
carriages harnesse household furniture weafng apparel
books provisions and generally such propers Kept
used in dwelling houses barns. stables, and graaarie
while in the building specified in the policy but not IN any
other place.
Also upon stocks in trade of groceries, dry goods boots
and Shoes books and stationery, cabinet iron and
other metals hats in bales -four grain provisions,
ready clothing leather for sale process Of
boots and shoes merchant alos stocks and
other personal property not more hazardous than the above
The rates of premium for insurance on The above descb
ed properly will be regulated by character of the risk
and will be reasonable those OF any other Company
Not more than lhree-fourths of the value Of buildings
above the foundation, of personal properly will be in
sured; more than $4,000 in one risk.
The rates OF insurance will be determined by the char
oflhe risks shall appear from The applications;
careful discrimination being made n buildings and pro-
pety situated IN small villages, farms, and the
kind Of property when located in large villages and more
exposed from adjacent buildings. The premium required
in cash Is sufficient to constitute fund which will give
entire confidence the insured that all losses will be
promptly paid. Whatever surplus remains, above the
losses and expenses OF the Company, will be equitaby
divided among the insured. To provide for all exraor5
ney casuaes,a deposie note will he taken Of double the
IS
if the eXgencies of the Company should ever
qnire.
Insurance may be made for from five years, the
applicant may desire.
Applications received at the Company's Office
over Central Bank, l02 Main ST., Worcester.
NAMES OF DIRECTORS:
Isaac Eavs, Worcester. A. II. Buloch, Worcester.
John Green, d., F. w. Gale, do
ARENAS Ward, do Alex. Dewitt, Oxford.
VIM. Dickinson, do Joseph A. Denny, Leicester.
Edwin Conan do Otis Adams, Grafton.
Chas. Washburn, do John Brooks, Princeton.
ISAAC DAVIS, President
CHARLES l.. PUTNAM, Secry.
Worcester, Jan IL, le47. 2