Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1849-01-18
Washington County Mutual IuS Go
New York,
n,c rrIIJ1 DIrDT TT,
TO THE PUBLIC.

Atthe repeated solicitations of an agent of this
institution, the Undersigned was induced to be-
come a member by insuring portion of his prop.
erty in said Company. Among other considera-
tions urged by the agent to induce me TO insure
my property in that company, he contendcd that
the WaShingt0n County concern was Farmers
Company, and that it cost Uery much less to IN
sure in this, than any other Insurance company
In view of these considerations, the agent was
suffered to make what he termed a surrey of the
premises to be insured, and the necessary pa
pers were executed. In due time policy was
received. But upon an examination of this in
strument. find it has no date -nor does it give
any act of iBcorporation or location to this conf
pany-but lelyes the members, for any thing
which appeag upon the face OF their policies,
in case OF loss, to hunt for the company wher-
ever their ingenuity shall direct Nor Is this
all. If they shall be SO fortunate as to find the
company, they have no assurance of finding
their policies in force. Sec. Is of the by laws
/ provides that whenever an assessment shall
have beeumale upon the premium notes, and
the sum determined which each person shall pay
on his noto-s&such sum shall not be paid with.
/ in thirty daa after the same shall have been
demanded by tho company or their agent, the
directors nay, at their option, annul the policy
of insurance given upon such note, and may re-
tain such note, and collect thereon such sum SC
assessed Bat how this "demand" is to be
made, whether by the Treasurer in his office,
or by letter. Of through some newspaper, Is not
slated. How. then, can any member know but
what he will be met, in the event of loss,
with-"But Sir-we demanded of you an assess
ment over tAny days since, which not being
paid, your policy was "Gnnuiled," ten days De-
fore the tircm
The nolicv sent TO me is signed by Nathan
Doane, lice President and S. w. Perry, Deputy
Secretary-and bears upon the face such eVld'
ence of frond that have been led to make
inquiries in reference to the boosted advantage
on the score If cheapnesS which thus Farmers
Company las i is called has over other insur-
anco companies in our own ntateLConl'a ~,
too, which have not only "local haDltallou, puS
a reputation for fail dealing, ana me pcnSIua'
settlement Of all losses, established IN a 9gsl-
ness of twcnty years. | compare with the YER
mont Mutual. located at Montpelier, VT
was insured in this Washington County
COMPANY in tho sum Of two hundred and hIty
dollars. for which the agent demanded m ad
rance So 50 and my note for S2,5 more, which
| gave, and which, as appears Oy tne py-ia ",
quoted, is considered as an important paEt % u
the transaction, the policy beng given upon 'nu'
The account stands thus 90 N
Cash paid in advance @'' SS
Five years annual interest thereon is o.
S3y35
Making ,.,,.. b.. n.S S' t6e
note of $3.50 more, which | was required &c
In the Vermont Mutual it would have cost me nc
to insure tb U' same property for the same sum II
advance 50 20 c I and 35 cts. a year thereafter