Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1849-01-18

the validity legality of the instrument. II Is sufficient so
far dates concerned that the Policy gives tho com
encemen the termination Of the time OF insurance
which the in every policy issued by THIS Company
There can be no possible uso IN having INC NC, g teGpe
tho Legislature act, while the Bylaws of the Company
arc tho rules y which they arc to act should and do
As the fact that location given know not what
he has got for Policy who ho from, but what he
may have imposed upon by pretended agent but
all tho genuine Policies which have inspected (Which are
large number, and have ninety five now before mel com
menco thus, Washington County Mutual Insurance C1npa
n.y. Granville NJ ~ and at the !gIminStSn of the yLG%:
on the business Of the Company directed to me T
ordinary something of hint where TO " ha"t lot inc
The 10th article of the bylaws which provides for tho
suspension of member who not pay his assessment
within thirty days al er demand is snluary lew ana one
nbsotev necessary TO protect the Company against mposi
ton No one ought enjoy the protection of any Company
who will share in the expenses OF the same And me 9i
that the By make provisions how tho notice shall
be given silent upon that subject makes certain how
Which would dovovo on the Company IN Of dispute
He makes the expense ofnsurng his property the Wash
be So 35 while in the VI Mutual it would him for
the same time only $500.
This o6tuned by emitting the agents fees in the
VT. Mutual, of least 90, and the supposton
that the will exceed hiryye year
On the 6h page of the Circular of the Vermont Mutual
Company 6nd the following; 1.-THE Agents receive as
plan of The buildings insured charged what the labor is
worth to be paid by the Applicant and the Company allow
them in addition fifty each application that il ap
proved and policy issued thereon And the 90 cents recov
ed Tor the Policy be retained by the agent his for
But to illustrate the difference between the pcrmoat Nnn
al and tho Washington Mutual Companies let suppose that
there is armer establishment to be insured worth 100000
consisting of story wood house, with bans aud other
panes would take them at two thirds of their cash value,
Tho VT Mutual on premium note of l 2 per ct. $4,000
Exactng at the time Tor the Application, 50
Survey ut least, 80
ocy so
On the premium note per ct. go
And thereafter yearly assessments, which from the
al lp in nod baFpt
lore per yearly, which makes for years 1915
payment o the end of five years, 443
Making the whole expense of insuring in the Vermont
MUM Of one per cent $4,000
Exacting ut the time for the application Sl00, 100
3 per cent on the premium note, 600
70 which add years annual Interest,", 2,53
Company including annual interest the years OO3
S43o less than would cost to insure the same property,
for the same time, in the Vermont Mutual Company.
The Washington Company was ncorponted by an act of
the New York Legislature passed April D. A. D. 1884, with
Two oendatoy acts passed the first on tho 2d of May d.
1885 the second the m of May, A. ID $780, and by their
Bylaws they confined the principle of taking
6ui the s9est kns of property eiecng all such RISKS rs
met Makers arrnge Makers, Joners Hatcs, Paint, Tin
Cooper and Wheolwrirhps Shops Printers establishments
Livery Stables, Stores Cotton and Woollon Factories, Cih
ing and Carding Works, Paper Mills and Foundes, and all
buildings which stand exposed oor liable to be burnt by
them Also all exposures in cities villages standing in
blocks will they take any risk risks where 5000
high SIS 900, 81 AIT Sd OF the Laws
W. Mutual Insurance Company $1,000 Taors,
Sboemukes 'adders Shops Taycrus, Bonding houses,
Academies, Churches, Schools houses Saw Mills unexpos
cd by forests which they insure at much higher per cent
than dwelling houses, Also of collecting the an
pcatOu sufficient meet the losses and expenses of
the Company for the five and thus supercode the
siy yearly thc heavy paid
other companies to their agents for collecting
From those who excluded from this Company we expect
the most strenuous and de- crmnud uppositon and grn-
era rule they those who particularly skilled in weld
ing to effect that mghest and most powerful ofa weapons,
the (iOOse qtiii.
Therefore onl, hope That the Farmers of Vermont will
carefully read and impaay judge, and then doubt
the wholesale dcnuncutiOn of the similar
corporations, whose interest they doubtless think impaired
by your paironizing other Company than their
1t is much in the human flmily bodirs
corporate well individuals that they look upon prosper
ity IN Others MS adversely to themselves.
And doubt rot but the Farmers o. Vermont will
to come Gus they have FOL some two or three ntt)
tnue to Increase their monthly ratio applications the
Washington Company until State Company adopt the
only Just and equibo prncpe that farmers pay only for
losses among turner's, when their expense insurng home
would be small as it in the Washington Company.
Being Of That nation 10 whom by all other uaions)
conceded the light to would firstly
communication of the lU Nov. pcnned dictated by
some particular friend of other similar Corporation with
whose interest tho Washington Company collision
Secondly, would guess that he publishers your paper
would not continue the in your columns from week
week unless they paid for it. Thirdly, would guess
that Mr. X is for its continued publication
HsG y2H ae tGbe or na ies y iI guess
who does pay the printer.
The Washington Company have 10000 Policies
in force and have learn OF the first who has bee
delayed in he payment of his losses unfairly dealt with
pctonds have any Of complaint save MI Kibby
whose imaginary grievances (me viii PROBABLY demonstrate
parake materially of the nature of JoNAH's GouRo.
j. a. FLETCHER.
Derby Line VI. Dec %, 1878.