Litchfield enquirer., 1860-09-20

Tine Company have no unpaid losses nor claims of any kind against them.
 They have never made an assessment, and dur ing the past year, have made dividend of 10 per cent their renewal oi policies of insurance which they will continue through tlie present year, and probably for tine future
 They have bylaw which prevents the nssur- ing Oi any lisk which, in any contingency lIi- wolves the loss of more than S2 5UD of prop rtJ. Hence there can be no apprehension of any jutuie assessment. Inc funds ot the Company are an cd on bonds and mortgages, and other securities where they c;in be naGe available at ar.y time.
 For the prevention of iIaud. and prvtcc- tion against over i'Isuralcc, the CUInpaly pay Mr.c fonrihs of the cash vaiu: of buildings, which Is usually, ticluctlnS the fountiafiunJ the full value ol the property destroyed and also, the full cash value oi ali partial losses buildings, and On all personal pIopcrty contained thcrtnp, within n,nount of the insurance 1Ee Colnphny have inserted in thcir ' stcrcutypcd policy" pro. vision, by which, ill any Case of disagree mGt in relation to the loss rr damage slsttined by the n shrcd, tLe questions arising therein shal be aub ini.te,! to three juj.ious and disGtercsted l.r- sons arbitratuf~, selected iii the usual way by both parties or if eilLer party hcsects to ap point it sliai be the duty of the Judge Of Fro ate qualified tO act, tO Dtlc such app0In tnent wHUse award n whiting, alter q i.ir bearing, ah III be nnai 1his Las been found a jGst, prompt and very satisfactory method of adjusting all claims of
 
 not cxp:naiyc. The financial affairs of tHe Com p.lIy been managed with the most rigid economy. The cxpcEst2 have bcen mostly for re- ncwai Uf policies and the Compcnsation to agents (uot exceeding 10 Der cent.J The incidental ex- peis.s of rent, portage, and other services, have not exceeded seventy dollars per annunu The his- tory D; the Company exhibits the fact tat stren h an.. eminent responsibility necessary to render Company prosperous aud give it the fniI conf dence Of the public. Under tie Five Years sys- selu, the Company barely existed with cash sur. plrs but uudcr the present y stem, and for :he
 st ten years 1t has hot expended 10 Yer cent of it's annual cash receipts and has become one Of the strongcs; Companies in the state. Other rnu- tual Companies charge from to 10 per cent On the proserty instsred, on which tLey receive ger cent. I cash, and the balance igl Hotss-prcss nt- ing a large amount in notes capital. Our CoEa- Eany have c0ntented themselves with charging only tue amount usually charged by Stock C, Il- Ianics and have ED0t made Inc insured fespurIsl- ble for more than they wosId have paid in cast!. in annual insurance. To estimate, therefore cof- rcctiy the benefits which have resulted to tae in- sure1t on sLc mutual principle. we have only to a A the cancelled ag4tI uncaEcvEIed premiums charged on the books of the Company with the | c;asa received making an aggregate Of s1s5,- 236 16. Def!actIne. the losses and expenses l25 .31 , and the balance Sf51 ,10g 35 has been savcd-tlsGs taking as an example, fcfaGheI [ risk st 10 cenEs on 3F0g. less than one -atA of the premiums has been aSeJ making the rStls &ace cost Less than cents shat sam for each year
 | The Financial Summary of the operations and condition of th< Company. after 25 ges Of eGfe- rienee, are the best argument which can be al ducett in favor of the system of Metaal Insurance and should satisfy the AosS ineredaIotas, that 1t Is both profitable and reliable when tediciotasiY managed and at the time sssstais the efaf nent responsibility of 6he Company it's ciatas to public confidence, and it's adaptation to the eir- cunastaaces of our community, for such risks as can be legitInaateIy assumed by the Company. I In behalf of the Directors
 | ], G. BECKWrTH, President. | 0sRIcsRs 0s rFs COMPANY FOR ls60-S1: J. G. | Beckwith, President; !. Whiting, Secretary G.
 C, Woodruff Treasurer; Sheldon Osborn, tsener-
 al Agent
 ! Dssasars-J, G. BecSmith, Jason Wkitilaes, Seth
 P. Beerss \. s, Lewis. sheB4on 0slsorn. Abiiisa
 CaSlia, Cha Adams H. E. Colt, Philip S Besbe. | I3