The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1860-01-26
Iowa Insurance, Company.

We invite attention to the card of the Iowa Insur
ance Company, which appears in aEother column
The Company organized about three four years
ago by some so go persons associating together,
each agreeing to contribute to the other In ofloss
The parties insuring paid at out half the amount in
cash that is charged by joint stock companies and
then obligated themse selves by giving premium note
ton, in case should be needed for the payment of
losses Since that time citizens have been join
ing the company until II now numbers over 400 men,
beers. The Office expenses, and tour losses have al
ready been paid, vet the company have never been
compelled to assess the Premium notes a dollar, but
on the contrary have accumulated cash surplus of
about $4,000, erctusire ofHe premium notes. The
am3unt Of property that the office has insured is
~ 100000 and when take into consideration that
times have been unusually hard during the asst
think that the Directors aad parties insured
have not only cause to we satisfied with the result,
but all must be convinced that have the dterial
and can haze Insurance Companies at home.
Mutual Insurance is the most popular and the most
generally adopted In the Marine and Life business
and II our business men and property holders will
make enquiry from reliable sources, they will find
that wherever the mutual principle has been honestly
and consistently tried in the fire business il has
been success as Is shown by the operations of
OF the oldest and strongest companies in our land.
There are some who prefer paying the premium ut
once without giving any premium note and to enable
them to do so few months a Joint Stock capital
accumulated and subscribed capital in the mutual de-
parment. In examining the list of stockholders
find the names of VIM. T. Smith, John white, A. ,.
Seeberger, H. b. Myers NJ. Dawson, d. Oglive, J.
n. kinsman, w: 8. Dart, 8. A. Rice, Roht. Sewers,
Eli Ketner, A. Allen. Dr. s. f. Rhinehart, Dunlap For.
sha Co (Eddyville)J. p. Dixon, John Milkin, Sam
ue Coffin, DR.. NJ. L. Jackson, D. W. Loring Jno. r.
Needham VIM. Stafford John A. l.. Crookham, Ii.
Howard, Thos. Thompson and II. p. Taylor.
The above mentioned persons are not only well
known In this community as being of oldest
and weathiest citizens but they embrace some Of the
most reliable names in this portion of our State Mr.
rayior the Secretary of the company has been
necfed with the Office about two years and is only
ayoung man OF promptness and integrity but is prob
any Deuer posted on Insurance matters than any
person In central Iowa. having acted four five years
as general agent for two of the largest eastern
insurance companies. The President, Vice President
and Directors, are too well known to need any com
mendation at our hands. As general rule the risks
are scattered so that more than 900 1900 can
be lost at any one fire. and when say that the com
pany now stand well at home, we believe we speak
the views Of every in 0skaoosa who is acquainted
with the affairs Of the office. The rates of Premium
are reasonable and We hope TO the practice
or insuring become general. We believe IL was DR.
franklin who said "Insurance is of the hest and
safest investments poor man can make" II Ger
tainlY gives man more satisfaction - think of his
Insurance Policy than IL does to think about the cold
charity of friends OskGk00sa Heya1a.