Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-05-19
r. A Nc NN H. H. -
INSURANCE COMPANY
OF PORTAGE UNITY
OFFICE IN RAVENNA. OHIO.

OFFICE IN RAVENNA. OHIO.
! FNHIS Company was organized, March
= 27th, in conformity with the Charter
obtained from the Legislature, Jan. 22nd,
1851. is now ready to lake risks on the m ost
favorable terms. II will be seen that we
have adopted new system, which is thought
| to be an Improvement over any other, now
before discriminating public. in the pro-
ductlon of this company, it was our inlen-
ton 20 rm one on new principle, as the
OLD Mutual system has become very unpep-
ular among the farmers, aud we filtter our-
selves, from the appreciation it has received
from the Farmers of Portage County, that
the company is destined to stand unrioaied.
TO SECURE THE INTEREST OF
THE FARMER MORE FULLY. the Com-
pany have divided their responsibility into
three classes CIR kinds of risks viz:
Fire, Lightning, Tornado and Hai,
and it is SO arranged that the applicant may
at his option Insure in either. One, I'Wo or
all Three of the classes; the cost always
being in proportion to the number Of classes
or risk required of the company, ana the
amount Of property to be insured, We be-
lleve by combining these principles Of lnsu
rarce, and harmonizlng them together, avoid
ing the hazards of large amounts IN one risk,
and by using economy in the management
of it's affairs, that the Farmers Insurance
Company Of Portage County will furnish as
Cheap, safe and reliable protection
as can otherwise be obtained, and we hose
that Farmers of this county will have con-
fidence enough to scorD TO shame those Me-
v,-bo n II, An
gence TO falsify and slapder this company
by every possible means that they can make
use Of, when the onl y real objection they
have is they are envieus of the good success
Of this company.
We presume that there are thousands of
farmers who would insure their property
without farther delay could they but be sat-
lsied that there would be nc assessments
made. To such we would ask, who ever
knew or ever heard of a company that was
strictly Farmers Company that ever levied
an assessment. We know Of none but we
do know Farmers Companies, that have
been in existence from l to l2 years, and
have accumulated large fund over all los
ses and expenses. The Western Farmers
Insurance Co., at Batavia, New York, when
they issued their 4th annual report had over
900 on hand; when they issued their 5th
report had over $4,000; when they issued
their 9th report they had over $4,000, and
the company never made an assessment
Now the question arises, if companies in
New York can do this why can we not do it
in this State. Our Charter and Bylaws
are very near like theirs, and it was our in
tent TO form a company on nearly the same
principle. Should our fund accumulate like
theirs, we shall have dividend or dstrbu-
tion Of the funds on policies that shall ex-
pire once in every five years during the ex-
istence Of the company. In NO OTHER
COMPANY we care not where located, can
the Farmer participate of the profits of the
funds at the expiration of his policy as 1t is
thus arranged III this company.
Some of the important liberal features of
this Company are:
1st. No assessment can ever be made ex~
cept the same shall be necessary for the pay
ment of actual losses.
end. No official or any other expenses
whatever can ever be assessed on the preml-
um notes.
3rd. Sec 9Th of the Act of Incorporation,
provides that any member may at any time,
surrender his policy and withdraw from the
company, and shall be entitled 10 receive
back his deposite note &c.
| 4th. All losses will be adjusted on fair
and equitable principles, and litiga tion will
be avoided as far as the honor and the inter-
ests Of The members will permit.
We hope that every Farmer TO whose no.
tice our circular shall be presented will be-
! fore insuriug elsewhere give our Charter
and Bylaws (which are sent to every mem
Der in his polcy,) thorough and candid
perusal, and if upon such examination it be
found that we possess rules and regulations
worthy of merit, we hope that every Farmer
will, without hesitation, confer upon us his
patronage, before loss shall impress upon
his mind the Importance of so doing.
N. B. All communications on the business
of the company, should be addressed to the
Secretary. Ravenna, Portsge county, Ohio
I OFFICERS.
RICHARD D. THOMPSON, Presidents.
DAVID MCINTOSH, Vice President.
GEO. w. HINCKLEY, Secretary,
ENOS P. BRAINERD, Treasurer.
DIRECTORS.
David Mcintosh, Shalersville,
Eli Booth, Edinburgh,
Alvah UdaIl, Hiram,
M oses Bundy, Jr., Pennington,
Samuel S. Splcer, Edinburgh,
Lewis E. Booth. Edinburgh,
GENERAL AGENTS.
VIM. A. Torrey, q. Sylvester Taylor, Jr
"ATs-s 8 cases Spring Style Hats, jus
Ill received at ROWELL Il Cos.
April 90.
... PRINTS.