The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1858-07-14
r Z O r T St.is
r. rr OF THE
ASHLAND COUNTY IN
MUTUAL FIRE INSURANCE CO..
To the Policy Holders and thu
p UzB LIC.EA

EA.E- :
1,HE Board OF Directors present to the Policy
Holders, and to the public, the foilowfn Re-
ness, and in return. we are pleased to be able 10
announce to them the present prosperous eoBdi-
pirate to say at this time thai at the organization
OF the Ashland County Mutual Fire INSURANCE
it's business transactions. the Board of Dire ctors
adopted the following salutary rule OF faction, viz:
.'7o eonfHe the risks to the safer Kind of ProPert9.
to take money enough upon fssrfsg a Policy TO
pay any probable loss during its continuance, and in
az shs same tine a. mandspssite sotsgsyrssfdeisr
aRy unusual c0ufdgrafion." This rule must be ap-
p psssinli 10 f see eond dueln t5e b %sh55 ora ef an N f HTse 7 Sns.
Conps ny and promptly pay its losses, the funds
his pTri nc iplsof reasoniug' The DDiFeetors .Cp%.
meDced the business of the Company-so arit
has been proved to be q correct pripcipie. udthe'
salutary rule thus established at the Organization
of the Company. remains unchanged TO 1Hfs day.
BY adhering to this plan,
NE AS9RSS@ SSaAKXKS'
for the payment of losses, or for any other pur-
pose have ever been made upon ihe premium notes,
omy in the management of the affairs of the Com
pany, that no assessment WILDE necessary, to be
made unless il should happen terbe a yearofsx:
We deem it proper In presenting you our Report
of the financial condition of the Compa ny to give
it from its Organization in April, A ID 1881. TO the
9th of March, A. D.. 1888. showing the gross
amount ofexpenditures. with the average per year.
in order To show you, that no extravaganza. i'm
prudence, or prodigalityf In Expenditures have been
sanctioned by us. anu tnat our Object mas becn 10
AFFORD to the public an opportunit to procure safe
Insurance at moderate cost, and strictly uponthe
pn ~ ItnSipie: ~
on the gross amount insured.
FINANCIAL STATEmENT.
Whole s% mo- ,ss Of property insured to a., ,-oo
Amount of PoIioies expired and can
eelled ...!:.-r-...r...--.-.-... ZOOS 6.soo
Amt now at risk, MarcB9. 1858. 81. 4s7, 7U7.OO
Cash Receipts of Ffice:
n 06UJU
For balance OF Interest. 537.22
Tot.i cash reeeipts. ,ll7.sI
PaYmcntS.
Fortotal amount OF proht and1oss paid
For Or a aDsSsa paid 10 asentior commis 's0s'
sions,being equal to about ten per
For salaries, CLERK hire, Directors'fees,
for 2 esrs....s; 5ssz-SS
FOE T;mPe esG once for u ), Years Pam. 1926
or an average OF So. so perayear.ao.as gsm
For oa Psesi 1o4 a s9e, sss '. e ,qtslsn 1I.l7s.0a
or an average OF sl6a. IA per year.
For Books and Stationery for the Office
tSr q. I ysseI Of sos per year.
For postage and express ehai ges for sew .,.e,
e er an yes average of SOFIA yer year, - -
For travelling expensesin locating agen-
cies for seven years .--..-.:.g 534.5z
or an average of S76.39 per year.
For Office fixtures. safe and desks...-.Ea ee5O6
For RETURN premiums on surrendered .'Vs
For in i.bsls, Of NEUTRALITY-SUSPICIOUS.
Available funds son hand and due frem
agents secured by onds............ :. $3.50
5t4aN 1ITaV lsEfAH &C.,
Total amount $2g,i llol
Pr esemt Capital to Meet A9efeS.u.
Premium notes sub1ectt to assesamrpt.. eel13s4.6S
Cash on HAND and due from R~eeutsss
cs sg9y plemiams receiSed sisce 9th o.
pl naGfha to SG aesh Of M aa do is ,.s sszSs
os Total capitaft to meet losses. .... sIof.oe 90
1t will be seen that we have an amount equafto
about seven err cent. on the amount insured, af-
fording the smpiest protection TO the Peisyh hold
crs-
sse ERPsss admits > iss DireetotsI
B. B. c. Ell. {. iBsshnesr, WIN soss6rh.
80. Jennings, L.J. SPfengle-
OFFICERS.
/. p. Risser ~ President J. Grail. ztsesHrersI ?. Jea.
S~preugle, Secretary.
Policies granted upon non-hazardous property
on the most favorable terms, from one TO i've
years. 3bA tfS Ft4fsar fkssS -.
Apply for insurance, to l. JET. sprengle. Ash
land. O.: Geo: Moore, Shelby, OIL L. FlaItefLt
Wooster, D.: ,. H. sanborne. Loudonyilie, g: y.
cling Agent, and to the Agents in all the principal
towns in Ohio. Il I2lf74
NV CABINET WARE-ROOM
m TEPnMRVTTTE f. Ell Van I'm