The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1851-11-22
I PAiiiGRns, MUTUAL rTRR ihKua-
ANCE COMPANY, MONTPELIER, VT.

Our ettvntlnp has been AiFsctsdio the saaIeet Of
ffrv IgEraSes By examining the FIRST AapuAi Ne.
port q tls Directors Of Inc Sarmsfs' Mutual Fire
lnsurunes Company, made Mp % the lsr u August
Last and the principles upon which IL ahairs arc
conducted by'iis efficient odlaem aud Board Of III,
rectors The report Il very hi and plain, and asar
~ demonstrates the principles on whleh The com.
pany is based, which appear 70 DO smIpsnfy lust 4
equitable 10 al Insured.
ny flie Chafief the properly Ia dividhd hito two
separate pnd dsiAef eia1sns; each class bpig liable
for he own loaies and ezpAusss aud not each cor the
osrI while tho expenses not insident 70 sllsr olaaA
are bous ~ paqiI n proportion to the amount IN.
vutsd. r
The FAHHkHs CLAsa hAs been IN operation Jos.
than 10 months. having ssabd laso Pbllea-, ln,ur,
Ina property 20 the amqnut ~ sl,aro.oIo.Oo Pn-
mlum notes sSlB5ass ca,h prpmlmn, oplseted
IN advance and interest ou same, sl0,7s0.ga, Aher
dednetng whole AInapnt u losges, expense and
hniemonis, amosiRana ~ S4ses,ias itiesvss q eksh
capital on band u seIsI,la. I've iossea during tive
whole period amount ooipy i.7fa.ss.
In this glass noIeisSare sEasd Tor Ave years, and
nothing but dwelnpR-hqnsss, abyns and oui-buih-
IHs' ard personAl property p me bhiIdipss, are IN
mred
Upon this description N property, che lose, nro
comparatively iigbtsspd che an,opn, necessary 10
meet Losses aud expenses iqeyb 10 more nearly cal
onlAied than upon TIM more hAsgrdous elasses of
property. The As-s.snleu,s gepld aiao be irihing.
and wohd, IN great measure, hs consumed in col.
TsovTHg T0rrnv TeHsur, mr. ftrrcturs u-lr-
ed tho plan o. taking adpaHes pgy 10 HAet hoosse,
during good partition of the Ave venrs--and tins q.
void the lneaculabd trouble expense and losses IN.
ennsd by companies that dspsna nhnn xearlr a..
sessment. The amount required IN AdvAno-, how
eyeT'' shown by this report 10 bs bu, oNH-rAIV
what II has cost to insure tho snme amount tho last
Ave years In the o,hes State Company.
The advantages othavlng money % hand n meet
Losses NJ AsnefAlned. have born found 10 he
very preutrurticuinriy In REPAIRING farn property
~ certain Of tho wear. Certificate. 10 mi.
effect from several Who have sustained Io.ses and.
al-o highly commencing tho hanarHhie eaure n
the Directors In sst.lug Tho anne, ASv appended to
the Report. ~ III .y|
Tho MEHcHASrs' NSD MEonAMos' CIAAa hAs
been 10 .uceessful operation snos ths lsfh n Feb.
ruNry lh'' and MP 20 the lat NJ August, Ind l,sucl
bai Policies, tpsuring property to Tho amount Of
s4a7ie2 oo--premlum NOTES, soo,7Cs.s2,--cNsh pre-
mums and sss-s,g snts ordered, s2pJo,Ss. Total
amount Of losses expenses and abs,einent- deduct
cd. leaves balance Of S5so4oi Trsasurers hand.
Tho io-'e" In thisohfN, have been siea2,TB.
In this class policies arr is,ued also Tor dvs year,
and All dcserlpilons ofpropery, not ofnn extra har
Hrioas character, are insured, at rate eorrespond-
Ing with their respective risks.
The property insured IN ihi, class, Is Of such .
character, a. 10 render the losses more variable -
Therefore the Directors have adopted tho practiss
NJ taking but small amount In advance. (ouly n.
bout ons-half the amount taken by MI other Compa
niss In tho STATED depending mainly upon Asss...
ments to meet tho losses. The rates adopted for
Premium notes Is one-four,h ks than In tho other
State compNny-so that an asses'ment Of per cent
in this company require, the Insured to pay no
more money than ono Of per cent. In tho other.
IN th's eins', prurrrty " iu-wrvi for ss.-ts-aLa
It's cash vnlue-ln'tead Of twc,hIrs In Rll Other
companies In tho sm,e-thus afTordng greater Iseu.
ritv TO tho insured.
Stocks OF goods, &c, are iQsured under the gene
mi head orTo,k IN Trpds, me ming to include Dry
Goods. Gfoeeriea and Country frpduce; while 9th.
or companies require a separate sum upon these
three descriptions Of propcry-ofentimes to the
great disadvantage of the insured.
by comparing this Report with that Of the other
State company, We and tln, tho entire expenses,
since procuring tho ebsrcr, 1.-TWO years the 18th u
sfstrsf s.f' s'.ss..,s =, 4AstA.A
furniture, books, printing Sc, which will last Gr
wars IN come, Hmounier 10 only $1,000 81; while the
expenses 9th" other State conpanydurinE the last
year amounted TO s627s,oi; and tho entire bsrS
sEpens and s5aiemeHs ~ both clas.es Of this com.
phny, from Its commencement 10 tho Ia of August,
1881, are not 20 much by several hundred dollars rs
the tSPeRsc' and nSafcnsH,s Of that company the
P1St year!
lac prfnrfnias auNa 40. nF
shown by this report. such commend them
selves to the confidence aud patronage Of the people
of Vermont. so
WIscoNsIN.-Thc Milwaukee Sentinel OF
the lth, has returns from twenty.6vo copn.