The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1856-02-23
VERMONT MUTUAL FIRE INSUR.
ANCE COMPANY.


sEMI-ANNUAL REPORT AND STATEMENT OF THE
DIRECTORS TO TIE MEMBERS.
During the last six months from August I. 1855
to February l. 1856 there have been issued 1851
policies, h>urng property to the amount of g.
$500 and the premium notes taken on the same,
are S2"l. ISL SO. The whole number If policies in
force February I. 1856, is ,I2s amount Of prop
ertv at risk ST. ,547 1893. and the amount Of
c0pitni. premium notes in force. $1.279, s14. s.
During the same time, II losses have been re-
ported. amounting to S14, 1875 80. An assessment
of l.! per cent. has been made, which with small
advance payment of per cent, will pay all losses
and expenses to date.
In our first class, consisting OF dwellings, sheds,
barns and contents. 16 $50 policies are in force.
covering Sl3, osl .s39. The notes in force in this
class are S576.SS2 80. The losses and expenses in
this class for ten years ending August l. 1855
were, $152,265 35
All receipts from said class for
the same period, 1856 ,572 "a
SI5,692 81
In other words, the cost on this species of prop
erty would have been SIS ,692 81 more, had no
other property been insured or il this class had
been separately insured during this period.
On the other five classes. denomnated hazard
Gus, 1865 policies are in force covering 81 466 l54--
premium notes in force SOP 1871 81. The receipts
for the ten years ending August 1, 1855, in said
NV Cid>St>, WtTt, $lSo.0Zf W.
The losses and expenses were 1878 Is
Sl6,6lO 81
Ofthis sum sl5.692 81 have been paid for loss
es on dwellings. and the balance remained in the
Treasury August l, 1850.
For the first eighteen years property insured was
divided lAtO tWtire Glasses: and the receipts an.
expenditures in them ascertained separately. for
the purpose OF establishing such rates different
kinds of property would pay the losses. Before
this the Directors had guide for rate except the
rates of stock companies, which soon found
to I've nnrel,ablt as Il basis OfnSurance in a mutu-
tual company.
At the expiration of the above time, the Directors
reduced the number OF classes to siX.* and estab
!ished such rates Of insurance for each class as
would have enabled it to pay its own losses during
this period.
But the .ossrs on hazardous PROPERTY have been
less IN i"'4ptin. than on dwellings for the last ten,
As compared With the first ei,Iietn wears.
he HrSf elias. idwengsl is the bosis of the Com
pany. and the rates thereon have not been materi-
ally altered since the commencement oft.e Com
pa,v while other classes will always he charged
sufficient 70 pay their own losses.
The Whole amount OF property insured from the
commencement Of the company to August I 1853.
Twenty eight Years. has been $62.3.4421 All
losses and expenses for the time Sill $50 SO
The average amount at risk has been nine and one
quarter millions Of dollars The result is that this
,ho .I,o,o .,,, a., ~, ,,,.,.u.er, ...:' 49,
,.,r ',,,o ,;.,,r,I' 81 ,o u, " /" n"..'' "
n,:, wv WV f'' '.' pc """"' VII
;,,,, 80 ,'a 1920. | my a'" 1T Wv
~ c . f ''"'.' "''' o''e' Minus" property
~ ''''"> u VIC Pe 'e"'' y" '''e "'''o"'' Ill
' ,,
i"o l"oPc''. "e''''ii'',"'e" l"nS'-a'honSh
for 'he last ten years it has paid little more than
~ F',l'"' "e'n INSURED at an average "'
'>> ',''' one ";''' WIFI u """'d rave cost I" IN
>"'' NC >'''',F l" SUN" H'o'h 'iHces. Inc pres
'"' :,'" W. ''A''' Nus Fr"Ft't' VIII I've adhered o.
"''' >"'c't'N '''ir n'S "ial>el 10 demonstrate
WIN ~, ''''aI,'H ma! ''eE are 20" hgh.
r"'''T '"e '>' - !t'r>' 'he number on poh'les
III '"'f '''N" increased nom u -" I" 2"l2N am
'''' '''''''. ~ ii>N rom ~'"N'"S "" 7" i''it.
w W. ana me prfinlh'i ll"> rom ST. -" y" T.
oi'-''S'4 g. 'i"' lhoIcafing a very large and sue
60 -. -. furnishing 10! if"!' e o' ~
>'i'c ~" "'>t "Vi't'c' 81 TIE strength and >abl
f"r lew wears previous Z" 49," the h'>lncs>
s.,tn.T Its