Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1868-11-27
The Proftsapd Losses
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In the. daysUvhcn' Psura,neG was
unknown every man naa 70 bear the
vaose -el -A4s owa iossee py H!e
sMpwrssx' ,sinie wes,Pocs, ,ud' ms
case appealfd fsPeci%ity torthe syni-
patlies OF ms friends, q contribution
m.sps PiIp!sae onl Ys penhn TO fs
lp@so ens pes.,oa, |s.ac nso poes
.aAeh Is2'n PIN 5shis was notn'
lns. WINCH nc ieei.aa!y count
upon. i''Ae SnasesPesses slercnsns
~ enscs M oi me- fortune night
Ips swept awAynano ~, fenqSFea penl
nnsss in = s.ns's ssnssa, ne mp.
Pens even nov, ols'n, 70 s.nose VINO
~ en2SHn hes 9 insure
usear fsaPsnsy Una ARD earnngsl
u ysass sap,s'ss neaosc sne names Z
W. 49, 1 nsas' ny ~ ~. s'r"
pssssSots " a'ie anew.
insurance 10 . scevice whereby the
sAsess Oh .sncn cstsmiefes, instead OF
oe,ng eQncentrafea rpc'i single fpd'-
vrcesss sEe. , oP smonY many,
aho. nv e9sne ~ earn
aiasIAey i'knSs ~ ~ prlmi-
'lve io,.I, !. 10 sn ~se1ee'nea., DesWecn
say'a pnnatsa mcn tna' tney WI,
~ .qua.'y 'on.'luu'o .o."Ae gooa
NY w oSs y w "ylapef5
pulAAgs'
beionglrY " ?ns nre sdessrpyeds each
o. 'le I.ner nane.y,n.ne pays ms one,
ps:s ~ 'nelr value, anu
avs eeasRertiep'ss oxners roceiyes-
from ms associ".es nlne'y,nine one
~ VI NE who'c loss. ine
nunalea'n par ~ csncant, winch
ne aug - tne axss' psy,ls called %
hEsMlSsyA.s sne Plcslot = rlSnt
70 eman ltom otners contribu-
non 70 replace Inc properly destroy
eSS!ses,ses! otcpqsso aepeaaensA 2osl
tneirSsharssy.EAHy 2UTOVA /.
IN practice, indeed, no such formal
$500 - a'lue. 10. 'hs sassoh
TrSa nsee'Mfe""sse, ,eesi-
ness insufance ~ earrleq on.by a
speciai riass gf or companies OF
men, who sceliest1 from each one of
thcr,nsHsed hls lpsemNp fdsIe advance,
and u OF tHeapetai thus collected
pay'ts1qeT'eeezs fge sums TO which
tney are respsssls9sy cnhelsd. = usu-
ally the men OF Companies hx the
mount ct inc premiums at such
.sees 1tiay tthnnksw' mcesAai che
losses KEY oeeesae, s3d seavc them
q surplus as q reward TOR their own
tfoa DIG AHl tneyscasculsteJarteht nh
this trssRsct, aEd dnei unusual lpsses
occur; tney make money II they
nAascssauMsenJ~aa aaeHpeated losses
J hayNte ~ esrne nthey slasesel,tqr the
, sassy ~ p INSURED ~ tins latter
, contingency a fnnd is usually prNayii'
, aed, called Q capital, out OF which
tqesessT ~ Adcessarg%r HR!
as q general Ting the amo4It Of TN
' premiums m ustu oqunlbr exceed thu
amoantlpt stheHio%es aud pcxpenses
or ? business must stop,
, Inerc ID an IMPRESSION prevnien'
among some VINO nave not become
acanainted Win tnc nets conrecte.
VAN 2 suplect, ina insurance " ai
extremely prontapicsp business and tina
fthe composites engaged IN it receive
yast aeai more money, ilr n shsrs
of premiums, than they pay out To-
tiossesfr ,(Stauslcs, powcvcr, demon
tssrate tha athislidea ~ . lncorrec
one .taa'he' three years, ilS6o, lS6s
ana flcoa the nro and masne com
Panles OF TINS cissc received m pre-
m'u'ns siio,'ao.oVo, |hile theE Palf
easldo iicsses eqI: expenses, MI,
,Vou'. lha Is the aSgrcgnse isnay
tuncc business, for siirce years, OF nj
: those engaged IN u IN his State, re
sahedin'a Joss lofsSooO ,vOO = sem'
81 the comFenies, y, be ;sure, ms3'
money, put uthers 4hnd 20 draw hpo,
theif capitals anr d public actdall,
gained sSoosooo at thdsAexpenselJ
These considerations show that
great deal o. ~ end know cdge1i'
requisite to so manage theiinsnrapc'
business ag 70 make the premium,
cover the losses and expenses. Gre
m ~estlnlates ri ta'e riskT to- which
each particle OF property issnred Il
Exposed, ahd OF the hLefIhocd Of At
being destroyed, must be made. al
,ne circumstances undcr whief. 'aesi