The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1847-04-02
MUTUAL FIRE INSURANCE..

The Merchants and Farmers Mutual Fire In
surance Company of WORCESTER, MASS.
INVITE the attention OF the public to 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 an opportunity
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 usually denomnated eTtrdhdzGrdous; beiev-
ing that if such risks permitted 10 be mingled with
those of the Merchant and Farmer the premiums are likely
to be dsproporonate to the risks exacng from such as
the least hazardous property, than just and
equal contribution &c the expense OF insurance
Insurance mag be made against loss OF damage by fire.
upon any building the shops of carpenters black
smiths, coopes cabnetmakers chair makers, and wheel
ghs, buildings in which dry shavngs are made 10
such extent to become hazardous, or In which the
manufacture of WOOL cotton, hemp, fax OIL or paper is
carried on power employed or in which business
done alike hazardous any of the above risks in
which gun powder, turpenne or any like combustibe
matter is stored used in such quantities as materially TO
increase the danger.
And upon hay grain, neat cattle, horses sheep, swine,
carriages harnesses household mrnure wearing apparel
books provisions and generally such property is kept
used in dwelling houses barns stables, and sranares,
while in the building specified in the policy but not in any
other place.
Also upon stocks trade groceries, dry goods, boots
and Shoes books and stationery, cabinet iron and
other metals hats in bales -four, grain provisions
clothing leather for sale or in process of man.
ufacue into boots and shoes merchant aors stocks and
other personal property not more hazardous than the above
The Of premium for insurance The above descrb
ed property will be regulated by the character OF the risk
and will be reasonable these OF any other Company.
Not than hree-fourths OF the value OF buildings
above the foundations of personal property, will be in
sured; nor more than $4,000 in one risk.
The of insurance will be determined by the char
ofthe risks shall appear from the applications;
careful discrimination being made n buildings and pro-
Derty situated IN small villages or on farms and the same
kind of property when located in large villages and more
exposed adjacent buildings. The premium required
in cash 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 equitably
divided among he insured. To provide for all exraord
nBry casualties depose note will be taken of double the
amount OF the cash prmiem which note is liable
ment, if the exigencss Of the Company should
! quire.
may be made for from to five years, the
! applicant may desire.
Applications received at the Company's Office
0uer Central Bank, l02 Main ST., Worcester.
DIRECTORS
Isaac Gavis, Forester. A. IL. Buloch, Worcester.
| John Green, d. w. Gale. do
! ARENAS Ward do Alex Dewitt, Oxford.
| VIM. Dickinson do Joseph A.. Denny, Leicester
Edwin Conant, do Otis Adams, Grafton.
| Chas Washburn, do John Brooks, Princeton.
ISAAC DAVIS, President.
CHARLES L. PUTNAM, secry
Worcester, Jan IL le47. 2