Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1859-10-13

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Remaining still insured .. 40 h26 aql
The Company have no unpaid losses nor claims Of
any kind against them.
They have never made an assessment and d,,,;r.-
the past year, have paid dividend of 10 psr
cent ON their renewal Of policies of insurance wh,h
they VIII continue through the present year, and
probably for tie future
They have bylaw which prcvcnts th. ..urvir~,
OF any rlfk, which, in any contingency, involves
the loss Of more than s., 800 Of property. Hence
there can he no apprehension of any future assess
ment. me FUNDS OF the Company loaned on
bonds and mortgages and other securities where thew
can he made available at any time.
for the prevention OF fraud, and rs o protection
against over Insurance, the Company pay fhyx-
1Tus Oh 'ne cash value Of buildings, which Is
ally, tdedncng the fonndationj the full value Of
the property dcstroyed-and also the full cash VAL
lie OF all partial losses on buildings. and on All
personal PROPERTY contained therein within amount
on ;no INSURANCE. lhe Company have inserted In
III any case OF disagreement in relation to the loss
or damage sustained by tAc insured the 0ucstiona
arising therein shall be Submitted to three iudiei,,us
ana aslterested persons as arbitrators selected IN
tile usual way by both parties or If either uartv
ncgccts to appoint, it shall be the duty of the Judge
OF PROBATE Qualified to act, to make such apuOint-
lnent, whose award in writing after fair hearing.
shall be hnal. This has been found lust prompt.
and very satisfactory method If adjusting ali caiius
Of doubtful character avoids all litigation and 4
not expensive The financial affairs Oi the Coyppa-
| ny have been managed with the most rigid ecUi,o-
my The expenses have been mostly TOR renewal
OF policies and the compensation to agents fnot ex
ceeuing 10 per cent? The incidental expenses of
rent, postage, and other services have not exceed.
ed seventy dollars per annum. The history Of the
Company exhibits the fact that strength and emf.
nent responsibility are necessary to render Comma
ny prosperous and give it the full confidence OF the
public. Under the Five Years System, the Compn-
| ny barely existed with cash surplus but under
the present System, and for the last ten years. it
has not expended 40 per cent Of it's annual cash re-
cepts, and has become Of the strongest COupa.
MES in the State. Other mutual COMPANIES charge
from b to III per cent. on the property insured, on
which they receive per cent. in cash. and the bal
ance IN incorporating large amount in notes
AZ capital. Our Company have cOntented themselves
with charging only the amount usually charged By
Stock Companies, and have not made the insured
responsible for more than they would have paid In
cash, in annual insurance. 10 estimate, therefore,
correctly, the benefits which have resulted to the
insured On the mutual principle, we have only to
add the cancelled and unrancelled premiums chas-
ged Oh the books of the Company with the cash 70.
ceived-making an aggregate Ut $l70, 500 So De-
Quoting the losses and expenses, 1891, 7S) and
the balance, Sl39 a22 O5. has been saved-thus ia
king rs an example, detached risk, at 40 cents on
$780, less than one-6ftn of the premiums has been
used -makng the insurance cost less than cents
on that sum for each year.
The Financial Summary of the operations
and condition of the Company, after twenty-six
years OF experience, the best arguments which
can be adduced in favor of the System of Mutual
Insurance. and should satisfy the most incredulous.
that it is both profitable and reliable when iudi,
ciously managed and at the same time sustains H.
eminent responsibility Of the Company, It's clair,
to public confidence, and its adaptation to the .n-
cunstances of our community for such risks ar en-
be legitimately assumed by the Company
In behalf of the Directors, J. G. BEcKwTrH r, -
OFEICERs OF THE COMPANY ron 1859 6O.-J"G
Beckwith, President; J. Whiting, Secretary q G.
Woodruff Treasurer: Sheldon Osborn General Agent.
Direcors-J. G. Beckwith, Jason Whiting. seth !,
T. Beers, A. S. Lewis, Sheldon Osborn, AbiiaR Cat
lin, Charles Adams Henry r. Colt, Philip s. Beebe
CIRCULATING LIBRARx.
vWVHE subscriber has concluded to LOAN BOO
IL from Gel tain portions of bis stock upon the
linary terms. Books loaned MUST NOT be so,rrr
as extra charges will be made Tor
anne according to damage DONE
JOHN II. SMITHS New Book Store
New Books, New Books.
ID ECEIVED every week, at the Countv 70.
IL Store, next Episcopal Church, Lit.hfield.
JOHN H. SMITH, Proprietor.
rzNNYsoNs NEW POEM:
Idy1S or the Ki1ax.
70 be had at the NEW BOOK STORE.
next Episcopal Church.