Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1849-01-25
Washington County Mutual Ius, Co
New York,
TO THE PUBLIC.

Attherepeated solicitations of an agent of this
institution, the undersigned was induced to be-
come member by insuring portion of his prop
erty in sid Company. Among other consdera-
tons urged by the agent to induce me to insure
my property in that company, he contended that
the WGsltngtOn County concern was a Farmers
Company and that it cost Ue,y much less to IN
sure in Ills, than any other Insurance company.
In view IF these considerations, the agent was
suffered 0 make what he termed smuey of the
premises 10 be insured, and the necessary pa
pers wen 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 q incorporation, Or location to this COM
pany-bt leaves tho members, for anything
which appears upon the face OF their policies,
in case It loss, to hunt for the company wher-
ever the ingenuity shall direct Nor Is this
ALL If tey shall be so fortunate as to find the
company, they have no assurance of finding
their poli,ies in force. Sec. l6 of the by laws
provides hat "Whenever an assessment shall
have beer made upon the premium notes, and
the sum determined which each person shall pay
on his noe, if such sum shall mol be paid with
in thirty days after the same shall have been
demandel by the company or their agent, the
directors nay, at their option, annul the policy
of insurance given upon such note, and may re-
tain suchnote, and collect thereon such sum so
assessed But how this "demand" is to be
made, whether by the Treasurer in his office,
Or by lesr, or through some newspaper, is not
slated flow, then, can any member know but
what aksi 81, be met, in the event of loss,
ment oyehhiry days since, which not being
paid, you 4policy was "annMied," ten days be-
fore the ife"
The policy sent to me is signed by Nathan
Doane, IRe President, and S. w. Perry, DEPUTY
SecretaF4 and bears upon the face such eyid.
ence of iHud, that have been led to make
inquiries IN reference to the boosted advantage
on the core of chedpness which his Farmers
COmpam las it is called) hus over other insur.
ance companies in our own State-Compan
too whih have not only "local habitation, "but
a reputation for fair dealing, and the punctua
settemat of all losses, established in bust
ness of wenty years. compare with the Yer
mont Mutual, located at Montpelier, Vt.
was insured in this Washington County
Companin the sum of two hundred and fifty
dollars, 5r which the agent demanded in cd
rance $50, and my note for 80 more, which
gave, md which, as appears by the bylaw
quoted, ) considered as an important part O.
the Transaction, the policy being given upon that
The account stands thus
Cash pal in advance $3.50
Five yeas annual interest thereon is s;
Making 1913;
for five pars, besides the liability to pay the
note of $50 more, which | was required t(
give.
In theVermont Mutual it would have cost me
to insurthe same property for the same sum il
advance50 cts, and IS cts. a year thereafter
which VIII the interest on the same for five year,
and upa the amount paid in advance for thu
same tie is 1925, making $3,05, and show
ing a tlance in favor of the Vermont Mu
tual, onthe ground of cheapness alone, of 81
cents, Il. including the liability which an
under tpay my note, as above stated.
. BeIieng this Washinton County COMPANY
to be aAer humbug, calculated under the spe
cious nno OF "FWmers' Company to draw
money bm the honest farmers of Vermont,
have fel il my dnty to make this statement o
facts. my farming friends shall heed it, an,
be savo.from what | regard as gross imposi
ton, to sy the least, shall not regret the sun
which ts lesson has cost me.
D. B. KIBBY.
Montelier, Nov. TO- lS4S. 3. 2w.