Litchfield enquirer., 1861-07-18

4uC Nplilptuy ilo lOe5CS HOT CldlElS of any kind against them.
 They have never made an assessment, and dur ing the past year, bsye made dividend ot c per cent. on their renewal of policies of insurance which they will continue through the present year, and probably for the future
 Ihey have q bylaw which prevents the assur- ing of any risk, whi Il, ill any contingency, in wolves the loss of more than SZ, oUU ul pruperty Hence there can be no apprehension ut any future ;sscsslncnt. Tie fun,.s of the Company are le!n ed on bonds and mortgages, and other securities where they can hc made available ;,t ally time.
 For the prevention of fraud, aud prutcc- tion against over insurance. tnc Company pay Mree fourhs of the ctSl! value ol buildings which is usually, Vlc,iuctins the tonn.;,tUn.j the Elii value of tue property destroyed! ,i!,l also thr full cash vaHc of ali partial loss>s ;:n buildings and on all personal property contained ;llcrein within amount of the Itlsu: ence. fc Company have Inserted i'll tclr = StcicutyEctt ,riicy' pro vi>n by which, ill any case ot tiisHg in relation tu the loss danage sustained by the in surc. the questions :.i>inS therein shall be sub mittcd to three j,urIous and Gisinter, sted rer- sons as alblsaturs. selected ill tbe usual way ly both parties CT il either party hcelrcts to q : point il shall be the duty uf tl Ju,;gc oi Probate qualified to act, 10 make such appointment whose award in wliiii'.e. after d fair hearing, shall Ee iil,al. Ihls las been found just prompt, ald very satisfactory method of adjii ting all claims of doubtful character avoids ali litigation, and is not expansive The financial stals of lLe Com pany have been managed with tie most rigid economy. The cxpc.Isc$ have been mostly for lc- newal of policies and the compensation to agents, (not exceeding 10 per cent) The incidental ex pcuscs of rent, postage, and other services, have not exceeded seventy dollars per annuln. Ihe lis tory of the Company exhibits tue fact, that strcn tn and eminent responsibility are sSary to render Company prosperous. and give it lie full conii- dencc of the public. Under the Five Years sys- tenn, the Company barely existed with cash sur plus but under the present system, and for the last ten years it has not expended 4G Der cent of it's annual cash receipts, and has become one of the strongest Companies ill tbc state. Other lnu tua Companies charge from to 10 per cent. on the property insured, which tLev receive per cent. in cash and the balance in notts-preseiIt ing a large amount in notes ila capital. Our Com panv have contcnted themselves with charging only the amount usually charged by Stock Conl ,,anics and have not made the insured respunSi- blc for more than they would have paid in e;,sh in annual insurance. To estimate, therefore, cor recty, the benefits which have resulted to the in- sulel on the mutual plinciplc, We have only to add the cancelled and uncancciltu prer .iums charged on the books of the Company with the c1sh reccivcd--maf.i ing an aggregate of SlSl, 256.76. Deducting the losses and expenses, tS34 127.3l,) and the balance, Sl5l, 1U3 I3 has been saved-thus taking an example. a detached risk. at 10 cents on Sl00 less than one fifth Of the premiums baS been uSel- ;rahing the lleu . ance cost less than cents on that sum for each year.
 The Financial Summary of the operations and condition of the Company: after ;1 years of expe rience, are tl.e best argument which can be ael duced in favor of the system of Mutual Insurance and should satisfy the incredulous, that it is both profitable and reliable, when judciousy managed and at the same time, sustains the emi nent responsibility of the Company its claims to public confidence and its adaptation to the cir cumstances of our community, for such risks as can be lcgtimately assumed by the Company.
 In behalf of the Directors
 J. G. BECkWITi1, President
 OFFICERS OF THE COMPANY FOR lo00-61: J. G. Beckwith, President; J. Whiting, Secretary G. C. Woodruff, Treasurer Sheldon Osborn, Gener- al Agent.
 DHectors-J. G. Beck with, Jason Whiting, Seth P. Beers, A. $. Lewis, Sheldon Osborn, Abiiah Catlin, Cha Adams, H. il. Colt Philip $. Beebc
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