Preble County Democrat. [volume] (Eaton, Ohio) 1857-1859, 1857-02-19

cs5"Thc Directors o. the prcJle County Mutu-
al Fire Insurance Company submit the Sixth
Annual Report to the members of the Company
and the pubic, feeling confident that the think
ing portion will see at a glance, that the opera
irons Of the Company for the past i years have
been in q higl degree successful. Being con-
fined in its operations TO the County, it does not
present so large Il business as some, but for
soundncss of financial condition and cheapness
of insurance it challenges comparison. The
Company is now entirely free from dcbt-all its
losses have been promptly paid, aud q small
amount remains in the hands of the Urea Sury.
and some outstanding indebtedness. which
prompt measures Ina we been taken for its collec-
ton as far as collcctable. The capital of the
Company is $l9.5G2 15in Premium Notes, which
are entirely reliable, with a very good prospect
the coming year of greatly increa sing the amount
through their Secretary: Geo. w Cans, as Gen
cral Agent for the county.
That for the correctness of its being a cheap
insurance, and thereby an induccment for all to
insure who wish to support a home company, let
us submit a few facts and figures. The first
Policies of the Company commenced running
Dec 18th, 1850, for q years. among which were
DR.. =. NJ. Crume, c. Van Ausdal, William Cur
~, w. IL. Ii. b. Minor, and others. These pre-
sent some of the different classes of property.
1t will be borne in mind that only % per cent.
of the Premium Notes have been collected, and
20 per cent. OF that was for fires. and the renal
ming . to pay expenses collected at the time OF
issuing the Policy. In the case of DIR. p. NJ.
Crumc, a ''Dwclling'' 81 2,OO,i insured at 9 per
cent, Premium Note $10S: % p r cent of that is
$27. which makes only 3-3pcr cent. a year on tie
amount insured.
c. Van Ausdal, "Drick Ware and Store ROOM
$500, insured at 10 per cent, Premium Note
5000; % per cent. of that is $50, which is only
5-12 per cent. a year., Or e}2 for q years on the
amount insured.
W IL. II. b. Minor, Stock of Dry Goods in a
frame building So, 900, insured at y per cent.
Premium Note $3.50: 25 per cent. of this is $40,
which is 8 per cent. a year, or 3 per cent for SIX
years.
William Curry, ''Brick Dwelling" 2,00, in
sured at 6 per cent. Premium note S12O; % per
cent of this is $50. which is only 4 per cent, Il
wear, or TX per cent, on the amount insured for
the whole six. This, we think is sufficient to in
ducc every man in the county to insure. There
is no one that would forego the advantage of
having his property made safe from loss by fire
for so small an amount, when rightly under
stood.
The Company will spare no pains or eNertions
in managing its affairs, so as to keep it in a
sound and reliable condition. they solicit thro
the Secretary, as General \ gent throughout the
county a liberal patronage.
r. L.. HOFFMAN,, WI. II. b. MINOR,
a. DENNY. L. MINSHALL,
w. d. TIZIARD, JOS. DONOHoE,
W j. GILMORE, Directors.
+. l.. HOFFMAN, President.
f, MlNSAALL, Treasurer.
q. W. CANS, Secretary,
and General Agent.
P.S All commupi ga atoms should be address
cd to the Secretary.
i ton, January -, ES37-at,