Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1848-12-28
Washington County Mutual IuS, Co, n Y,
TO THE PUBLIC.

At the repeated solicitations of agent of this in
stitutiun the undersigned was induced to become a
member by insnrlng portion OF his property IN said
Company. Among other considerations urged by the
rgen to induce me to insure my property IN that COM
pany he commended that the Washington County con-
earn was farmers CJm2taH and that it cost rey
much less to insure in this, than any other Insurance
company In view of these considerations, the agent
was suffered to make what he termed surrey of the
premises to be insured and The necessary papers were
executed In due time policy was received. But
unon an examination of this instrument find it has
date nor does it give any act Of Incorporation, or
location TO this company-but leaves the Members
for any thing which appears upon the face OF their
policies, in of loss, to hunt for the company
wherever their ingenuity shall direct. Nor Is this
ALL If they shall be so fortunate as to find the com
p0nv they hive no assurance of finding their policies
in force. Sec. 16 of the by laws provides that
"Whpncver an assessment shall have been made up
on the premium nates and the SUM determined which
each person shall pay on his note if such sum shall
moi be paid within thirty Days after the same shall
have been demanded by the company their ag mt,
the directors may, at their option, annu the policy of
insurance given upon such n0te and may retain such
note, and collect thereon such sum assessed" But
how this "demqn8" is to be made, whether by the
Treasurer in his office, or by letter. or through some
newspaper, is not sateu. How, then, can any mem
her know but what he will be met in the event of
lNo'i 'FiCN-'IHIt olrWe 0pnGlfCU q YOU an ASSESS
ment over thirty days SINCE which not being; P,d
your policy was "anaMed," ten days before the
fire."
The policy sent to me is signed by Nlth1n Doane,
Vice President, and S. w. Perry, Deputy Secretary-
and bears upon the face such evidence of fraud that
have been led to make inquiries in reference to the
boosted advantage on the score of cheapneSs which
his Farmers Company las it is called) hs over other
othrr insurance companies in our own State-CompG
MES too which have not only "lOcal habltatiO" but
reputation for fail dealing, and the punctua settle;
ment of all losses established in business of twenty
years. | compare with the Vermont Mutual located
at Montpelier, VT
was insured in this Washington County Company
in the sum of two hundred aud fifty dollars for which
the agent demlnded in ddOancc $3.50, aul my note
for So so more, which gave, and which, as appears
by the bylaw quoted is considered us an important
part Of the transaction, the policy being given upon
that.
The account stands thus
Cash paid in advance $3.50
Five years annual interest thereon is S.
Making SO
fer five years, besides the liaby to pay the note Of
; $3.50 MORE which was required TO give.
lntle Vermont Mutual it would have cost me to in
sure the property for the same sum in advance,
3 cts, and 30 cts year thereafter, which with the
ileres on the for five years and upon the amount
paid in advance for the same time is 1925 making
S3,O5, and showing balance in flvo' of the Yer
mont Muull, on the ground of cheapnesS alone of 30
cents not mcInding the ability which ain under to
pay my note as above stated.
Believing his Washnton County Company to be a
sheer htmjug calculated under the specious name OF
"f,Tmers Como1ny' to draw money from the honest
farmers Of Y, mont hnuo Gle Il ny duty W make
TIL -,,rmant j f,ct5. If my farming friends shall
heed it, and be saved from what regard as gross
imp ,ston, to sa5 ne leIst shall not regret the SUN
which this lesson his cost me.
Montpesl, Nov. 10, 1913.
d. B. KIBBY.