Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1850-01-10
DIR ECTORS.

NJ, C. E,
BENJAMIN BALCH, JULIUS Y. DEWEY,
TIMOTHY p REDFTELD, EDMUND WESTON,
DANIEL BALDWIN. HOMER W. HEAToN,
JOSEPH b. DANFORTA. JR.
In presenting the public with the Prospectus
of this Company, the Directors deem it proper
to present somewhat in detail the principles on
which the institution is based as well as the
rules and regulations by which its business will
be conducted. 1t will be perceived that no COM
panv offers greater advantages TO its members.
.'httuaHty in It's strctest sense, is leading
feature in this company. Every assured re-
ceves his legitimate pnrtion of the profits If he
sire 10 leave the company after term of years,
he will be paid in cash the equitable value of
his policy.
Institutions similar to this have been in sue
cessiul operation in Europe for more than cen.
Jury. Those countries most advanced in civil.
zation, ant noted for prudence and forethought,
were the first to avail themselves of the benefits
of Life Insurance. England, Scotland, and lol
land. have each several prosperous companies
on the mutual and joint stock principles the
former Tor mutual companes) have demonstrated
the important fact that well conducted Mutual
Life Insurance Companies afford perfect securi-
ty to the assured and safe and profitable in.
vestment to copi alists.
Association and combination for mutual de.
fence and protection has made rapid progress
within the last half century and, in fact, in the
extended sense, it is the p incpc upon which
all states and constitutions are based, and which
when well regulated, is the best strength and
safeguard for their prosperous continuance.
Savings Banks, the various charitable instilu-
tions of the day, Mutual Fire Insurance, all
"show what amazing and extensive advantages
can be realized by union and combination, with
e out injury to one and benefit to ALL"
II In no association can greater benefits be Sc
v cured TO TIL community than IN life insurance
" A cotemporary prospectus well remarks Mu-
e tual Life Insurance is noble and beautiful sci,
ence, and is destined TO work great change in
r, amelioraing the state of society and elevating
its moral character ;-pre;ent indications show
that it will ere long be universally approved and
very generally practccd. Its action is not colt
fined to any particular class but may be advan-
tageousy employed by all, and great mass Of
Is misery be avoided by the sacrifice OF very
t small portion Of annual income, in making pro.
vision for families and friends. 1t is only max.
n lag Use Of the laudabe means which science
N has veloped for securing in the event of deatI
a comfortable and respectable support for fami
e lies and fiends
is The progress that Life Insurance has made
s. in England, Scotland and the United States
). within the last half century, and its uery rapit
r. ncreas within the last few years affords strong
re evidence that it has much in it congenial T.
h the feelings and wants Of seciety; and when it,
Is principles come to be generally understood w
p have little doubt but there will be one hundred
IS persons in the practice Of it where there is bu
r one now"
e alt is now well settled principle, that III,
l. system of Life Insurance does not rest upon un
is certain theories, or vague specuatons- tha
8; il is reduced to an exact science OF approaching
ID sufficiently near to this to render sure and SAT
p oil computations and contracts based upon it re
is lating thereto"
of A late number of Chambers Edinburgh jour
y nal, in an able article on Life Insurance, show
inr the advantages to the assured in the Mutua
as over the Joint Stock Companies says: In fine
c. the system Of Mutua assurance. pure and und'
Il fled, is that which the public should, for its ow
1g sake, and partly for the sake of morality, sur
llS port. 1t is an institution contemplating unmi'
ed good to mankind and where no grusser II
terests than those of few officials can posslbl
be concerned. Conducted on large scale an
lis upon proper footing, it involves no risk, AM
as at the same time, from the division ofsurpIus til
elf charges must be held as reduced tc perfe'