The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1862-09-05
NAME AND LOCATION.

/. NAME AND LOCATION.
The Madison Mutual Insurance Company, located in
the City Of madison, State OF Wisconsin.
2 AMOUNT OF CAPITAL STOCK.
Consisting of unimpaired premium and
cash notes, cash on hand and amount
secured by $2l5S65 IS
81 Amount OF accumuat10ns.. Zl6,S65 70
4. ASSETS OF THE COMPANY.
l. Amount of cash in hands of Treasurer s5,454 So
z Real Estate. None.
: Bonds owned by the COmpany......... None
4. Debts to the Company secured by
mortgage...... ............ $Ss2 Al
s. Debts otherwise secured ................ None.
8. Debts for Premiums 1854 Os
I. ALI other securities.................... None.
LIABILITIES.
5. Amount of liabilities due or not due
to Banks or other creditors......-. None.
8. Losses adjusted and due, settled by
drafts, aud awaiting the call of the
insured .................... s1,5Ss 05
Z. Losses adjusted and not due............. None
g. Losses unadjusted 1886 81
proof...... ........................ 5000 50
~ All other claims against the company None.
H. The greatest amount insured in any
one lsk...........................62,000 w
T. AS the company nsures nothing but isolated prop
erty, the amount to be insured in any one city,
town or village is not limited.
| ~. The company insure no property in blocks.
L. The Act Of Incorporation Is herewith submitted
| STATE OF WISCONSIN,,
CITY OF MADISON, Sss
Dane County,
Benjamin +. Hopkins Vice President and D. Worth
ngtOn, Secretary OF the Madison Mutual Insurance
| Company, being duly sworn depose and say and each
himself saith, that the foregoing is true full and
correct statement OF the Condition of said Company,
according to our best knowledge and belief; and that
the SAID Company comprises twelve thousand and
ninety l3o9J) members holding, unexpired policies
the aggregate amount Vt whose unmpared premium
notes is two hundred and two Thousand nine hundred
and fifty Six and S4-lOO dollars (SzO2,356 ST.
r. f. HOPKINS liant
D. WoRTHINcToN Secretary.
On this twenty sixth day of April A. D. 1862, per
sonally appeared before me, Benjamin +. Hopkins to
me known as Secretary OF the Madison Mutual Insur
ance Company, and made oath that the affixed to
the foregoing instrument is the Common seal OF said
company, and was affixed thereto by their authority
and that their subscribed by like author
ity and for the purpose set forth in said Instrument
W. Ii. WATERMAN,
| Notary Public.
| Madison, April 9th, 1862.
UNITED STATES OF AMERICA,
STATE OF WISCONSIN, }ss.
| Secretary's Office
The Secretary OF State OF the State OF Wisconsin
| does hereby certify that w. Ii. Waterman whose
name appears subscribed to the annexed instrum ant
was, at the date thereof Notary Public, residing in
the county OF Dane duly appointed and qualified and
empowered by the laws vi this State administer
Oaths, take acknowledgements OF deeds and other writ
ten instruments, and exercise all other such powers
and duties 10y the laws Of nations, and according to
commercial usage may be xeicised and performed by
Notares Public, and that full faith and credit are due
and should be given t. his official as such Notary
In witness where Il, have hereunto set nv hand
and affixed the great seal of the State at the Capitol
| in Madison, this twenty sixth day OF April, 1862
| EDWARD ILSLEY,
| Assistant Secretary Of State.
| TREASURER's OFFICE.
| The Madison Mutual n.uraiice Company of Madi
son, isconsin, having fully complied with the REQUIRE
ments Of all act entitled An Act to Regulate Insur
Companies Incorporated by the state of Min
nesota" and the amendment thereto approved March
2. 1852, approved the sixth day of February, one
| thousand eight hundred and sixty; hereby certiIy
that said Company is authorized to transact business
| in this State.
| Witness my hand and seal at the City of St. Paul
this third day OF June, one Thousand eight hundred
| and sixty-twO.
| CHARLES SCHEFFER,
| State Treasurer.
STATEMENT OF BUSINESS FROM JAN. l,
1852. TO JULY 81, 1862.
No. OF Policies issued ACKNOWLEDGEMENTS. 47O2
] Amount OF Premium Notes paid thereon. S6S,57O 30
| Cash Premiums g 3S,S93 05
| LOSSES paid 1O,OS1 81
This result is the evidence of confidence. The
Farmers begin to understand that this is the cheapest
and safest Insurance Association doing business the
North West. ~, s--..,..s III. = : -
They assured of its stability and cheapness by
fair trial also, that the mutual principle is sound
one and this further evidenced by the working of
| every honestly managed Mutual Insurance Company
In the older States for example, the Vermont Mutual
which has been in successful operation for than