Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1848-09-08

PANY, OF Milwaukee, have commenced business,
under favorable auspices with board of direc-
tors that will command the public confidence ;
with guarantee capital of 100000, which, with
the accommodating premiums, which are paid III
cash, is In the language of their advertisement
''deemed adequate to meet every contingency"
As the establishment of this Company is of pub
lie importance, and as its benefits not be con-
fined TO our city, but are to be extended to the
merchants and business men of this section of the
country we deem it of interest to explain some
what in detail the workings of the system under
which the merchants Mutual is organized.
Applications for Insurance to the amount Of
S226, 500, to be effected by the said company hav
lag been received and approved by the Trustees
the Company was duly organized, officers Tor the
ensuing year duly elected, bylaws for its govern
ment adopted. and rates of premium establis she'd
l he premiums are paid in cash. which under ordi-
nary circumstances usually more than suffi-
ciet to pay all losses and expenses affording large
dividends to Stockholders in Stock companies and
i'll MUTUAL companies upon the plan adopted by
this Company In series of years, with customa-
ry success will secure to those becoming members
of the company, (by insurlng therein and paying
the usual premiums,) dividends of from 80 to so
per cent, annually, upon the amount of premium
paid by each
This Company "for the better security of its
dealers" are authorized to form a guarantee capt.
OJ0; which amount has been secured to the com
pany under the direction of the Finance Commit
tee, by gentlemen of responsibility and character
which fund establishes the Merchants Mutual >
upon firm foundation and secures it against liza
bility to be overthrown by any unavorable turn
of risks at its commencement.
Each year statement is made by the Company.
Of the amount of premium received, and also of
its losses and expenditures, and each person hav-
ing insured and paid premium therein during the
year is credited with his appropriate share of the
amount of premiums earned and entitled to a
certificate OF the amount remaining to his credit
in the Company, upon which interest is paid annu-
ally; and whenever the accumulation of the net
excess may be applied from year to year, or semi
annually thereafter, towards the redemption of
each years certificates, commencing with the first
issued.
The system of Mutual Insurance above
Swallowed forth, has long been In successful OPP
Grafton at the East, and meets with general IA
vor The Atlantic Mutual Insurance Company
Of New York, the Buffalo Mutual and many 9TH
ers have for years prospered under this system.
and have annually declared dividends of from 80
to 50 per cent to their dealers. The business of
this section of the country is already extensive,
and the commerce of our Lakes is rapidly in
creasing. We hail the organization of the Com
pany indicative of the enterprise of citizens,
and their determination to encourage and estab-
lish in city, upon broad and substantial foun-
iations, whatever may facilitate its prosperity and
enlarge Its commerce Wisconsin.