Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1868-12-18
INSURANCE BUSINESS

+ In Che daya when Insurance. wss
every man had TO hear che
whole Of his Own losses b Gre or
Ishipwrsck- H-he waa poor. aud his
case appealed especially tothc sym-
pathies Of his frionds. d cbhtribution
might be made on his behalf to re.
place some portion Of what had been
taken from him; but this was noth.
ling which he could certainty Count
upon. Like Shakespcare's Merchant
Of Venice, all of his fortune might
DE swept away, aud he rendered pen.
niless in a single night This hap
pens even now, often, TO those who
are improyident enough not TO insure
their property. The hard earnings
ct years vanish before. the. flames. or
the waves aAdE-leape their former
posscssors to begin life anew.
Insurance 10 device whereby tho
cffeetso such calamities, instead of
Being Concentrated uponf sin eie mai.
lyiayss, are divided pp among many,
and the burden thus borne By each
is comparatively lightii la its'primi.
tive form, At is ~ agreement between
say q hundred men that Athcy will
all equaiyyooutributegto make good
\ the losses, Of any ,onc of the. number.
If. merchandise Ships sor buildings
belonging 70 bnc arc destroyed, each
of tho other ninety nine pays his one
hundreatk part Of. their value, aud
tifus the particular owner receives
from his associates rninety-nihe ono
hundredths of his whole css The
hundredth part of the amount, which
he and all the rest psy,.if called
, PREMIUM. II is the price Of a right
to demand from others contribu.
tiShsto teplses fheIpropsfty DECAYS
y n n e pslas dspa.'ldenslsbp
In practice, indeed, no such formal
Iogreenient IL mhdeH fFor the lsakclot'
ecoponIy.g aud Iooaveniencc thc, bust.
noes Of insurance is carried on by
special, class pf,wen, or, companies Of
men wbo coilncct fron,, l,.nboa,hh -
Ithc insured ibis nrcp,;,,,n i',atssn,s
and ont nf the total thus caIlse,ca
pay to the hscrs tho sums to which
ANY the men or con,panic. a ,hc
. amount of Tho nrou;ums ,tsrn,,
rstes AZ INV {hjct MI, ,ssls UXba
losses likeE 10 accrue, ami lo.ys shs,,
a surplns as reward far tbex;rs I'M
tronblc9 II Asy Wsic,.lI.s Ia. =,
This respect and no nn,,sn,I 1os,,s
occur, they MAKE money sIrsibJv
miscalculatc ana nroyr.c,oj ,nsso,
hayc- "a III horn., ,Iss litss n. ,,h"
safety Of the insure1 IN This ,,,,or
contingency n fpnJ Il usuallv nroy;
dedT daNcdta EES,dtaIF6utYoy w,Fs6
losses can he no;J II necess,rv ~,
as a general fHnxoT III smS,Xt or tSr
: ,premiuus must, e,,n,I ayereoc., ~,
,mmounnt. IN XII VIZ ',sT IL iS,Jnit
or the bu,,;,nssxa,,,s, s,a,gg 90 >
TLere.is,s a imnress;an ,,r.r.,,n.
han,nSnseN sn,,aI IA f,or.IYrIf i..II'k
scona2n,sJ ,s;,l, do e,o,. w.. vesona
: MN III snb;sS,s ,hatfSS, lsya nT'eu
extramoly nros,s,l" h,,l;.,S'''' 800 an
> tho oon,nd f nr,.o So' a. :, '"o ':'a
: n vast ie,d mdyo .,Ssso, :, ton ,
of 80 ,,;.,,a :" ."o snap
go S,a,;., ," 10y p'9i pp' ao'
s,r,,e moi ,L,s op'aS,s'' "eno".
ono H., ~ N 49, - ~ ~ osnsp,,fe..
ma .,se7 49, az ,a ~. ioee, tooo
n,n;es 81 ,,;S g., o '"u mar1oe com
m;ums s,ln Son'nao ,s,.;,op .a ~ p'e
nnt e., 49, .. .'S "n.s 'ney pslo
] 4 sn aoo H,c,S J, ~ 4 tpucpssffSSStA-
80, GSx.a ~ = '"e sggtega.e 'snu sI,,
,hoso oas.a", TOT .nree years, On an
snl,.a $500 ., :. So 90 ~, nso o'a,e' '''
of H. aa,,s: - 9ov''ooo.. somS
mono,, ,.,, lu ,' ~ ~ s'rc,'uaoe
thor rsn;t.,o 49, ,h nsa mr. ~ a'aw upon
on,,inod senn bdn - Eapn' spIppJ
Tbrso ' oons;,, 80 ,; ."sr yNpcnss'
great Ian, Of ss M an, , 'noT ."a' u
reouisi,e tSlso nss.ss ~, ,,iS,.S. 10
i business az - ,%ate ~, ~ psatahcc
soSas,fe ii sss.s. ~ ~ go I'eS""ms .
TAI TcAin,afasf az ,b0 'pSa' Ls;s
each narticJc or n.onor,r ;,'.,se I'v :;
expo.u(lI anasofI tbs .Ikalihraa' 60
being DESTROYED. mus, bo made an
the circ,,mstances u,,drr With .oa;
dents occur must no ohso,v.', w.,
studied. and inforenees drawn fron,