Litchfield enquirer., 1860-02-16

The..Company have no unpaid losses nor claims of any kind against th,n
 They have never made an assessment and dur ing the past year. have paid dividend of 10 per cent on their renewal Uf policies of insurance. which they will continue through the preseLt year, and probably for tle future.
 They have bylaw which prevents the assur- ing of any risk, which. in any contingency, in- wolves the Joss of more than $2, 500 of property. Hence there can be no apprehension of any fi- ture assessment. The funs of the Company are loaned on bonds and mortgages, and other srcu- rites where they can be made available st any time.
 For the prevention of fraud, and IS protection against over insurance. the Company pay fhrss-
 ourfhs 0f the cash value Of buildings which is usu ally (dcducting the foundation the full value of the property destroyed-and also. the fnll cash value of all partial csses on buildings and on all personal pr"rertycOn therein within anGi,nt of the insurance. The Company have inserted In their stereotypcd policy" u provision by which. in any of disagreement in relation to the loss or damage sustained by the insured. the questions arising therein shall besubmitird to three malicious and disncrcsted persons as arbitrators selected In the usual way by both parties; or if either party neglecs to appoint it shall be the duty of the Judge of Probate qualified to act to make such aptuint. ment, whose award in writing. after faii hrariHg shall be final This has been found just, prompt, and very satisfactory adjusting all claims of doubtful character, avoids nll litiEstiun and is not expensive. The financial affairs of the Com pany have been managed with the most rigid econo. my. The expenses have been mostly for renewal of policies and the compensation to agents, (not exceeding 10 percent.) The incidental expenses of rent, postage and other services have not exceed. cd seventy dollars per annum. The history of the Company exhibits the fact, that strength and tmi- nent responsibility necessary tO ien Ter Com pany prosperous. and give it the full co Idencs of Republic. Under the Five Years syst,n the Com. pany barely existed with cash surplus but under | f,.a at.,l "A A.....
 has not expended 40 per cent of its annual cash ceipts and has become one of the strongest C"mpa- nies in the State Other mutual Companies chaTgs from to 10 per cent on the property insured. on which they receive per cent in cash, and the bal- ance in notes-presenting large amountin notes as capital Our Company have contented them, elves 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. To esti- mate, therefore. correctly, the benefits which have resulted to the insured on the mutual prin- ciple we have only to add the cancelled and un- cancelled premiums charged on the books of tho Company with the cash notwithstanding an aggregate of $170, $50 30. Deducting the losses and expenses, 1881, l,12S.75.) and the balance. example, detached risk, at 40 cents on e1O0, less than one-6ftn of the premiums has been used ed-makfng the insurance cost less than 6 cents on that sum for each year.
 The financlal oummary or tne opefntiope and condition of the Company, after twent!-si1 years Oi experience. are the best argumenls which can be adduced in favor of the system of Mutnal Insurance, and should satisfy the rnst iHcredu' lous, that it is both profitable apS reliable, wbep judiciously managed, and at lne same time, sus. aims the eminent responsibility of the Company. its claims to public cosddence, and iis adapta, tion to the circumstsnces of our community, for such risks as can Se legitimately assumed by the Company. n....
 In Oeh"''0' 'n' D'''.i0 J. c. Brcxwr.u, pr.s...