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

Every new corporation, like every new DO.
ltical party, processes 10 be free from all The
faults and impefeciions Of the old establish.
menis, but generally proves greater trans.
gressor than any Of them have been. So al
| least II seems The West Brach Insurance
Company proves. There were some obiec-
tionable 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 insurances were made
in this vicinity, h,gher assessment is called
for than ever the Lycoming Company laid.
We find in the Berwick Gazette card from
b. F. Foulke, who has been acting agent for
the new Company, and who seems indisposed
to whitewash their performance. He SAYS:
"In justice 10 those whom have insured
in the Wea Branch Insurance Company, a,
Lock Haven, and in justice 10 myself,
would say, that any representations made to
them, so inducing them TO become members
OF that Company, were made in an honest
belief OF their correctness. When took the
agency, | had the explicit and determined
avowal OF the General Agent tha, there would
be no assessments for a, least three years 10
come-thal there was surplus of money on
hand-and that, in case there should be any
assessments, the Company were restricted to
three per cent. on the premium nole, in their
charter. Ihad not then, nor during The time
acted as agent, made il my business, as
should have done, 10 >mske The necessary
inquiries in regard 10 the correctness of these
statements, thinking the General Agent could
have no advantage, aud the Company gain
no enviable reputation by deceiving those
whom they Sought 10 insure.
A few Gays since, these illusions were dis.
PEELED. Instead of three per cent. assess
ment, II is five per cent. on the premium notes
in force before The 10th of May inst. And,
iu looking at their charter, find that there is
90 restriction by law, but that they can lay
an assessment TO any amount-rot exceeding
the premium noie itself. Section XIV Of their
Bylaws, 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 to 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 hts been given or not,
am unable 10 cay, but do say every man
whom / insured has right 10 know, and
should know Tor what he is puying an enormous
assessment. IF the Company have actually
sustained heavy losses-of which there is no
evidence with me, and have written 10 Hon.
J. j. Pearce making inquiry for each loss, 10
which received no answer-the members
are boanu, and presume willing 10 meet this
assessment promptly. And if no evidence OF
loss is furnished Them, caution them no: 10
pay the assessment, as there is no law 10
compel their doing So. They have righ,
10 know for wha, they ars paying their money.
have been deceived, and through me those
whom have insured, aad / have taken this
method of saying how far ain 10 blame in
making the representations ! dill. ! have
never made il practice TO lie for mxse1f In
any tran nsacllon-much less will | d1 SO
knowingly for Corporation, and therefore
my agency and connection as such, with the
West Branch Insurance Company, ceases from
this dale.
B.. FoULKE, Agent.
Nav 18th 1887