The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-06-03
West Branch Insurance Company.


Every new corporation, like every new po.
ltical party, PROCESSES to be free from all the
faults and imperfeciions OF the old establish.
menls, but generally proves a greater trans
gressor than any of them have been. So a,
least il seems The Yves, Brach Insurance
Company proves. There were some objec-
| lionable things about The old Lycoming Com
pany, and this new institution was to do bu-
siness fair and square. But in less than a
| year from the time that insnrances were made
in this vicinity, higher assessment is called
for than ever The Lycomng Company laid.
We find 10 the Berwick Ggsette a card from
b. +. Foulke, who has been acting agent for
the new Company, and who seems ndisposed
10 whitewash their performance. He says:
ain justice 10 those whom | have insured
in the IPest Branch Insurance Company, at
Lock Haven, and in justice 10 myself
would say, that any representations made TO
lhem so inducing them 10 become members
of that Company, were made in an honest
belief of their correctness. Wien took the
agency, had the explicit and determined
avowal OF ,he General Agent that here would
come-that there was surplus of money or
hand-aud that, in case there should be any
assessments, the Company we're restricted TO
three per cent. on the premium note, in their
charter. had not then, nor during The time
acted as agent, made it my business, as
should have done, TO make the necessary
inquiries in regard 10 The correctness OF these
statements, thinking the General Agent could
have no advantage, and the Company gain
no enviable reputation by deceiving those
whom they sough, 10 insure.
A few days since, these Illusions were dis.
PEELED. Instead OF a three per cent. assess.
menl, II is fUe per cent. on The premium notes
in force before The 10th of May inst. And
in looking at their charter, find that there is
TO restriction by law, but that they can lay
an assessment TO any amount-rot exceeding
the premium note ilselL Section XIV oI their
By Laws, compels the Secretary 10 give
notice of loss. by publication, in one of The
newspapers of Clinton county, said notice
must be given two weeks successively, the
last publication of which shall not be less
than two weeks prior 10 The time fixed for The
payment Of said assessment, and the Directors
may give notice of assessment in such other
ways as they may deem proper" Now,
whether this notice has been given or not,
am unable 10 say, but | do say every man
whom | insured has right 10 know, and
should know Tor what he is paying an enormous
assessment If the Company have actually
sustained heavy losses-of which there is no
evidence with me, and have written TO Hon.
J. J. Pcarce making inquiry for each loss, 10
which ! received no answer-lhe members
are bound, and presume willing 10 meet this
assessment promptly. And if no evidence ol
loss is furnished them, caution them no: 10
pay the assessment, as there is no law TO
compel their doing so. They have righ,
10 know for what they are paying their money.
have been deceived, and through me those
whom have insured, and have taken this
method of saying how far am TO blame in
making the representations ! did. have
never made ii a practice 10 lie for myself in
any tran nsacuon-much less will | do so
knowingly for q Corporation, and therefore
my agency and connection as such, with the
Vest Branch Insurance Company, ceases from
this date.
B. +. FOULKE, Agent.