Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-05-26
e A e WI EIHg S
INSURANCE COMPANY
OF PORTAGE COUNTY,
OFFICE IN RAVENNA, OHIO.

Tt1l1S Company was organized, Mach
L g7th, in conformity with the Carer
obtained from the Legislature, Gan. s2Ed,
1851. is now ready to take risks on the most
favorable terms. 1t will be seen that we
have adopted a new system, which is thought
to be an impr ovement over any other now
before discriminating puhlrc. Tn the pro-
duction of this company, it was our inren-
tion to firm one on new principle, as the
Old Mutual system has become very unpep-
ular among the farmers, aud we fatter our
selves, from the appreciation it has received
from the Farmers of Portage County, tI.at
The company is destined 10 stand uariraied.
TO SECURE THE INTEREST OF
THE FARMER MORE FULLY. the Com-
pany have divided their responsibility into
three classes or kinds ofrisks viz:
Fire, Lightning, Tornado and Hail,
and it is SO arranged that the applicant may
at his option Insure in either. One, I'aco or
all Three of the classes; the cost always
being in proportion 10 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 ln>u-
rance, and haraa oniZing 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
Company Of Portage County will furnish as
Cheap, safe and reliable protection
as can otherwise be obtained, and we hot
that Farmers of this county will have con
fdence enough to scorD to shame those Me-
dina Agents who are using all possible dill
gence to falsify and slapder this company
by every possible means that they can make
use OF, WREN the onl y 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-
lsfed that there Wonld 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 bat we
do know Farmers Companies, that have
been in existence from l to g 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
$1,000 on hand; when they issued their 5th
report had over $4,000: when they issued
their 9th report they had over $ 1000, 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 10 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 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 TIE 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 exs
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.
srd. Sec sth of the Act of Incorporation,
provides tfaat ally member may at cny 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 litigation will
be avoided as far as the hono 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 insuripg elsewhere give our Charter
and By-Laws (Which are sent to every MEM
ber in his poIicy,) 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, Portage county, Ohio.
OFFICERS.
RICHARD ]. THOMPSON, President.
DAVID MCINTOSH, Vice President.
GEO. w. HINCKLEY, Secretary,
ENOS P, BRAINERD, Treasurer
DIRECTORS.
David Mcintosh ShaIersvile,
Eli Booth, Edinburgh,
Alvah Udal, Hiram.
Moses Bundv, Jr., Pennington,
Samuel S. Splcer, Edinburgh,
Lewis E Booth Edinburgh,
GENERAL AGENTS.
VIM. a. Torrey, 4. Sylvester TAYLOR, Jr.
~ ATS 8 cases Spring Style Hats, just