Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1873-03-13

I Afo", u IN StcdIly eaoWu In9s We nave
but this company to look to. and If we
would do for i, as the Baltimore company
and the Montgomery company has been
done by-that is, for al our people TO in
sure in this company. and fer the presen,
members to come forward promptly ana
pay their interest and assessment. without
complaint. and to insist on and induce
their neighbOrs TO insure in a very short
time tiiis company would stand as the CON-
panics Of other counties do. and instead oil
having to be assessed, their premium
would be rcdured.
This can never be accomplished By its
members complaining Of the assessment.
and In many cascs Withdrawing IL is
c'early shown by the annual statement OF
the executive committee. that the relative
rates Of this company with stock compan-
les. and with the assessment added to tie
interest. it is in favor Of the mutual COM
prnv by over a fifth /: and if our people
would only take hold Of this matter as
they Should. We would in all probability
never have to be assessed again. As re-
CARDS the expense of this company. DO
not think it at oil large-S2 900 is GER
t1iuly very small expense for an insur-
cnce Company paying president and
clerk. directors. Office rent, agents fees,
/ printing. stationery. postage. etc etc -
IL is evident that you cannot get men to
devote their time aud talents unless thcy
get paid. and it would be wrong TO wish
! II. | do not know what the presidents
salary is, but it cannot be large, when 50
many other expenses have to como out of
the 81. .O0O-he also acting as secretary
and treasurer; but co not know that he
devotes his entire time to his Office.
have had considerable business relations
with this officer. and must say. that in an
experience of twenty-five or thirty years.
! have never met with more promp, bus.
incss man; and he is always willing and
ready to show to the smallest policy hold
cr in the company the condition and work
ings OF the came. and in fact he takes
great pleasure in so doing. Now. about
or losses /: they have been nearly Sl2.-
900. in the las. two years. Who were
the loosers and got paid-men that we
never heard of? Not at all !; but parties
right amongst us-men known to US and
our coun:y has received its fnll share, Mr..
John Hamilton receiving $1,000; Mr.
Daniel Payne at Budd's Greek. ST. Ma
ry's county, receiving 81. 400. Mr. Frank
lin Ching. also ut Budd's Creek, recciv-
ing $1,000. Mr.. VIM. Briscoe. at St.
Clements Bay, receiving some 5000 or
$500. and the other persons receiving the
balance do not know. Who knows who
may be the next TO lose and those who
have been benefited by the company would
have to pay their part. This company
made great mistake. think. in the start.
by taking the risks at too small n premi.
um; it should have been at least s per
cent. and then as it grew in strength to
have bccn reduced. and i. should not
have taken moro than 81. 500 in any one
risk
This company can be made a success. If
the people so see fit. They should send
to the different agents and request them to
come and insure their property at once. in
stead of the agents having TO beg and be-
secch and enircat them to do so. and then
to refuse. 1t is no. the otjec, of this COM
pany TO make money. but purely for one
neighbor to protect another by forming
themselves into a mutual 5en,ft company.
and iftlre people will insure. as they should
do. .hcrc will be no more assessments. If
any part of the State needs the protection
Of insurance companies all experience
shows that lower Maryland does. In re-
gard TO Mr.. John Hami;on's connection
with the company. | would here state ,ha,
he is the larges; policy holder and pays
more revenue (save onc) than any other
member. and has always paid interest and
asscssmen, without a murmur. and lie has
always been one OF the company's greatest
advocates.
A MEMBER OF rug
ND. MUrrAL FlRI In Co. OF BAIT.