The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1847-04-23
MUTUAL FIRE INSURANCE,

The Merchants and Farmers Mutual Fire In
surance Company of WORCESTER, MASS.
INVITE the attention the public the principle upon
which the business Of this Company conducted AS
the corporate name indicates the main object OF the Com
psny is to afford Merchants and Farmers opportunity
for procuring safe insurance. upon moderate terms, and
strictly upon the mutual principle In order preserve
this principle it is deemed indispensable TO decline all risks
Whicn are usually denominated ertrahdz1fdouS beev
ing, that If such risks permitted be mingled with
those of the Merchant Farmer the premiums likely
10 De disproportonae to the risks exactng from such
insure the least hazardous property than nst and
equal contribution TO the expense of insurance
Insurance may be made against loss damage by fire,
upon building the shops OF carpenters black
Smiths coopers, cabinet-makers chair Makers and wheel
wr ghs, or buildings in which dry shavings made
such an extent become hazardous, IN which the
manufacture Of WOOL cotton, hemp fax OIL paper is
carried on or steam employ ed in which business
is done alike hazardous any of the above risks,
which gun powder, ,urpentne any like combustibe
matter stored or used in such quantities materially TO
increase the danger
And upon hay, grain, neat cattle horses, sheep swine,
carrnges harnesses household urnlre wearing apparel
books provisions, and generally such property Kept
used in dwelling houses BARNS stables and granares,
while in the building specified in The policy but not in
other place.
Also upon stocks in trade groceries, dry goods boots
and Shoes books and stationery, cabinet ware iron and
other metals hats in bales -four grain provisions
readymade clothing leather fer sale process of
ufactufe into boots and Shoes merchant aor stocks and
other property more hazardous than the above
The rates Of premium for insurance The above descb
ed property will be regulated by the character of the risk
and will be reasonable as those Of any other Company.
Not more than three-fourths of the value Of buildings
above the foundation Of personal property, will be
sured; nor more than $500 in one risk.
The rates OF insurance will be determined by the char
ace ofthe risks shall appear from the applications
careful discrimination being made buildings and pro-
pety situated in small villages, farms, and the
kind properly when located in large villages and more
exposed from adjacent buildings The premium required
in cnsh is sufficient 10 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 equitably
divided among the insured To provide for all extraorj
nsry casualties depose will he taken of double the
amount Of the cash premium which is liable
ment. if the exgences of the Company should re-
quire.
Insurance may made rom five years, the
applicant may desire.
Applications received at the Company's Office
orer Central Bank, l02 Main ST., Worcester.
DIRECTORS
Isaac Eavis, Worcester A. II Bulloch, Worcester.
John Green, d. F w. Gale, do
Artemas Ward, do Alex. Dewitt, Oxford.
VIM Dickinson, do Joseph A. Denny, Leicesfer
Edwin Cohant, do Otis Adams Grafton.
Chas. Washbu:n, do a John Brooks PrincetoN.
81 ISAAC DAVIS, President.
CHARLES L. PurNAm, Sec'ry
Worcester, Jan IL, ls47.