The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1847-03-08
MUTUAL FIRE INSURANCE.

The Merchants and Farmers Mutual Fire In
surance Company of WORCESTER, Mass.
INVITE the attention OF the public the principle upon
which the business Of this Company is conducted. AS
the corporate name indicates, the main object of the Com
psny is TO afford Merchants and Farmers opportunity
procuring safe insurance. upon moderate TERMS and
strictly upon the mutual principle. In order preserve
this principle it is deemed indispensable decline
which are usually denomnated ertra-hGzardOus; believ
inz that If such risks permitted be mingled with
those OF the Merchant Farmer the premiums likely
TO De dsproportonate to the risks exacting from such
insure the least hazardous properly than just and
equal contribution TO The expense of insurance
Insurance may be made against loss damage by fire.
upon any building the shops of carpenters black
Smiths coopers cabinet makers chair makers and wheel
W.T. ghs or buildings in which dry shavings made to
such an extent to become hazardous, which the
manufacture of WOOL cotton, hemp fax OIL paper
carried on or steam power employed in which business
is done alike hazardous any of the above risks, in
which gun powder, turpentne OF any like combustibe
matter is stored or used in such quantities materially
increase the danger.
And upon hay grain, neat cattle, horses, sheep swine
carriages harnesses household furniture wearing apparel
books provisions and generally such property kept
or used in dwelling houses, BARNS stables and granare
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 ware and
other metals hats in bales -four, grain provisions
readymade clothing leather for sale process
uacue into boots and Shoes merchant aors stocks and
other personal property not 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 beas reasonable as those Of any other Company
Not more than hree-fourths of the value OF buildings
above the foundations personal property, will be
sured nor more than $4,000 in risk.
The rates Of insurance will be determined by the char
ace ofthe risks as shall appear IRON the applications
careful discrimination being made buildings pro-
perty situated in small villages, FARMS and the
kind of property when located in large villages
exposed from adjacent buildings The premium required
in cash is sufficient constitute 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 all exlraord
merry casualties deposte will be taken of double the
amount of the cash premium which is liable
men. if the exigencies of the Company should
qnire
Insurance may be made for from five years. the
applicant may desire.
Applications received at the Company's Office
OUer Central Bank, l02 Main ST., Worcester.
DIRECTORS
Isaac Davis, Worcester. A. Bulloch, Worcester.
John Green, do w. Gale, do
ARENAS Ward, do Alex. Dewitt, 0xford.
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, ls47. 2