Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-06-16
FA R MI II ls :
INSURANCE COMPANY
OF PORTAGE COUNTY,
OFFICE IN RAvENNA, OHIO.


OFFICE IN RAvENNA, OHIO.
THIS Company was organized, March
Il eth, in conformity with the Cnarter
obtained from the Legislature, Jan. 22nd,
1851. is now ready to take risks on the most
favorable terms. IT. will be seen that we
have adopted new system, which is thought
to be an Improvement over any other, now
before a discriminating public. In the pro-
dnction of this company. it was our inten-
Lion 10 form one on a new principle. as tie
Old Mutual system has become very unpep-
ular among the farmers, and We fatter our
selves, from the appreciation it has received
from the Farmers of Portage County, that
The company is destined to stand unriraied.
TO SECURE THE INTEREST OF
THE FARMER MORE FULLY, the Com-
pany have divided their responsibility into
three classes or kinds of risks viz:
Fire, Lightning, Tornado and Hat,
and it is SO arran ged that the applicant may
at his option Insure in either. One, I'.co or
all Three of the classes; the cost always
being in proportion to the number of classes
or risk required of the company, and the
amount Of property to be insured, We be-
lIeve by combining these principles of lnsu-
rance, and harmonizlng them together, avoid
ing the hazards of large amounts in one risk,
and by using economy in the management
of its affairs, that the Farmers Insurance
COmpony of Portage County will furnish as
Cheap, safe and reliable protection
as can otherwise be obtained, and we hope
that Farmers of this county will have con-
fidence enough TO scorD to shame those Me.
dina Agents who are using all possible dill.
gence 10 falsfy and SANDER this company
by every pos ssible means that they can make
use Of, when the only real objection they
have is they are envious 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>
isfied that there would be no 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 i to 12 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
81 900 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 company on nearly the same
principle. Should our fund accumulate like
theirs, we shall have dividend or distribu
tioa of the funds on policies that shall ex-
pire once in.eyery 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 in this company.
Some of the important liberal features of
this Company are:
lst. 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 premi-
um notes.
srd. Sec 9Th of the Act Of Incorporation,
provides that aly member may at :ny time,
surrender his policy and withdraw from the
company, and shall be en- tiled to receive
back his deposite note &c.
4.h. All losses will be adjusted on fair
and equitable principles, and litigation 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 insuring elsewhere give our Charter
and Bylaws (which are sent to every mem
ber in his policy,) a thorough and candid
perusal, and if upon such examination it be
found that we possess rules and equations
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. 3. All communications on the business
of the company, should be addressed to the
Secretary, Ravenna, Portage county, Ohio.
OFFICERS.
RICHARD ]. THOMPSON, President.
DAVID MCINTOSH, Vice President.
GEO. w. HINCKLEY, Secretary,
ENOS P. BRAINE I'd, Treasurer
DIRECTORS.
David Mcintosh, Shalersyille,
Eli Booth. Edinburgh,
Alvah UIall, Hiram,
Moses Bundy, Jr., Pennington,
Samuel S. Spicer, Edinburgh,
Lewis f. Booth Edinburgh,
GENERAL AGENTS.
VIM. A. Torrey, f. Sylvester Taylor, Jr.
NEW GOODS HIST RECEJVED RY EX