The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1847-01-28
MUTUAL FIRE INSURANCE.

The Merchants and Farmers Mutual Fire In
surance Company of WORCESTER, Mass.
INVITE the atten.ion the public the principle upon
which the business OF this Company is conducted As
the corporate indicates the main object of the Com
pny is afford Merchants and Farmers opportunity
or procuring safe insurance, upon moderate TERMS and
strictly upon ~ mutual principle In order preserve
this principle, s deemed indispensable decline all risks
which are usually denominated eTtrd-hdzadouS; beev
ing, that such risks permitted be mingled with
those OF the Merchant Farmer the premiums likely
be disproportiOnae the risks, exacng such
insure the least hazardous property than just and
equal contribution to the expense Of insurance
insurance may be made against loss OF damage by IRE,
upon any building the shops of carpenters black
Smiths coopers, cabne makers, chair Makers and wheel
ghs, or buildings in which dry shavings made
such an extent &c to become hazardous, in which the
manufacture of WOOL cotton, hemp, fax, OIL paper is
carried steam power employ ed in which business
is done alike hazardous any of the above risks, in
which gun. powder, turpenne any like combustibe
matter is stored OF used in such quantities materially to
increase the danger
And upon hay grain, cattle horses, sheep swine,
carriages harnesses household furniture wearing apparel
books provsions and generally such property kept
used in dwelling houses barns stables and granares,
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 statonery cabinet ware
other metals. as in bales flour, grain provisions
ready-nsde clothing leather for sis Or i nro 81 man
uactufe into boots and shoes merchant aors and
other personal property more hazardous than the above
The rates Of premium for the above descrb
ed property, will be regulated by the character of the tx
and will beas reasonable as those OF any other Company
Not more than threeourths of the value of buildings
ABOVE the foundation, or OF personal property will be in
sured nor than $500 risk.
The rates of insurance will be determined by the char
acte ofhe risks shall appear from the applications
careful discrimination being made in buildings and pro-
perty situated in small villages arms and the
kind of properly when located in large villages and
exposed from adjacent buildings The premium required
in cash is sufficient fund which will give
entire confidence to the insured that all losses will be
promptly paid Whatever surplus remains above the
losses and expenses of the Company, will be equaby
divided among the insured To provide for all exlraord
nary casuaitles depose will be taken of double the
of the cash premium which note liable
ment if the exgences of the Company should ever
quire
Insurance may made for from five years, the
applicant may desire
Applications received at the Company's Office
0Uer Central Bank, 1O2 Main ST., Worcester.
NAMES OF DIRECTORS
Isaac Davis, 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 Conant do Otis Adams, Grafton
Chas. Washhurn, do John Brooks, Princeton.
ISAAC DAVIS, President
CHARLES L. PUTNAM, Sec'ry.
Worcester Jan IL, ls47 Q