, 1879-04-15
DOES INSURANCE INSURE?

tn" Cha'nnlafn Mutual firc-lnsuruscc
sp<ri,, C,r~,,noaa.r.. =,
! D,,a. F.sa.,.s ~ ~ s''Nte " 1ne 1t'''ne.
,,,. nunL.suaoa, w., Anf'' ll'-icsterdaY was
ousy uAF IN lnaurnnee.crccs In this city, arising
iron, meeting Of the polcy-loldcrs Of tho do.
flnct Cl,annlnn M,1t,o1 Firc.Ins,ronco raw
nnnv. held IN thc t.Hr.i,n,, tr,, saa.. so"'
m"n, ~ OK ,,on ~ ~. 'a,'. 1ne recent oss'ss'
.e"' "a :" pek cstb vi t'e premuhl-1.otcs, to
wind up Tic affairs Of the Company, was enough
TO arouse the feelings Of tic rollcy-l,olders
stotca % tat a nm aa n'n,ns ~ r., oa montpelier
being assessed about sl25 worth. Mr.. Atkins,
III spicy and emphatic speech, stated that the
reports OF former wears showed ,lmt thr Gam.
pary was prospcrlns. II thcso ~ rcnor,s ' Su ,s"ro
sossee,' .' no assessment Of y per cent could bc
needed. AS near as he could figure 1t, the losses
since March, 1875, when the Company wns SUD.
posed to bc square and Will money In IT'S treas-
n,i,, .H ~ usS or IVY pef ee''t u" Inc pre-
sliiua -hotes' yet - per cent Ia called for. d.
rectuys' fees md expenses reported for threo
mouths amount to nbout $1,000. lie understood
nronertv IN IN. 1arnon,s S w. 1ns",a n'a o~n W,
ts,,sa. surS11 ~. ~ .ne Soa'pa1'y' a, aas'sca his
,fleros not 70 insure ~ she compa'y, some
time ago; but tl'e peraon still continued as
~ a,,,,'. "'eu py "'l '''at was necessary
I'M I'M Ihsh' hs >von.o 10 S'oao ap TIC business;
hsro wus noths roi1or o1o,,, no s''to e,,r INA,
ss%e. H. A1tes isss %essa las ' eoM, eontio I
y, or sn'ee vPot 10 ncn ny s Chalr TO- rcc9-
pol'ey11iae1s r. Should employ experts to c1ap
h ,tn, t1 uith en5 ,o ooohs anu sco lnW II cohd
~ ~ '.a,, WEI sss'u o. losses a'isi expenses 10
uul o stlo @ ne Us Sc. a9M n M
AOAtSN+EHSp EOhl1 III EullfELlH pH allowed
'ol. co,,n,,..o. a.. -,,
a. a Committce Of i've was chosen by tho Chair,
Ga,;,o Rz Aessrs; ~ S.ro,g 81 VcrgcnnSa; p. A.
MSfanM!'n, M1n r. =. rarkcr, o. Wofcott; and E. D.
Mason, OF Alclmond+ This Cnnnittee, who
aze we'll ahu wldclY"knowi gentlemen, nreScnt-
~ n.a sepnrt I. tesoule,ts'',g tat Con1nittca Of
ascoaasaas re- 1a.a, ,s hs raised to inquire into
!Le legal etntus OF The COMPANY; US
70 70 Muo arg hs lawful Directors; rs
u,v,dns o wh1snsf hou tne NJ which, eerta
O. INC Gotnpany Is legal assessment, A.ms Is en-
!orgeah!c @ against the members 50 asBessel;. as
S9 G ss dees @ asses Of the Company aud OF
c Goutlae 70 70 o,,
ttollows: The lion. !yIeeiock g. Vcnzey, q
hntlainl; We lion: Airam Atkjns, of Mont
cEl!Sf LUZ mx lt% + raFkeT; VIZ ct Wole1tt
ecpted I'll. otlce Of President: reluctantly, anil
hud served without pay, III order to assist n cx-
trlcatinE tho Cotnplny from cmharrassrents.
For a.e last year the only salarics pnid wore $50
per month 10 tho Secretary und 81
per week to the clerk. It wus d
difficult thing to adjust tho asscss,nrnts
among tue pollcY-hutders; but tho Directors l,ad
done tue best thny could. 1t WIS Impossible to
saV hoW mary OF the Premium notes wure wortti-
less. Ihc Directors mud sued nobody OIL the
former nssesslteut, pEetcrrillg to rall Tor all
tias was likely to be- needed, md, II necessary.
sue Tor both nssesssnents at once.
Alr. G. Il. lnr!ill, Secretary, stated TINT the
Office M. md lnoks Of thu Company. would hu
cneerlnlly, PLACED ut tho disposal Of The COM
intttcc. !la explained TINT the tlnaa statement
ot tlu Directors, to which allustou had bcun
made, contained sohso mistakes, Which were not
discovered until uftor 1t was Misunderstanding
ihc totnl balance ,asainst the Company $1,000.
Ot thu $tE7 nut tloWu us for oilIcr-rxpei,scs and
attornryn feps snea December, 1873, $50: was for
for BALANCES, SEQ Ia duo to tho former Treasurer.
Ihe Directors teos aro sut down rs clalul, bit
they s,ave not hcen pafd.. All I'd hsicj clnttns
ura~ intcrest, which swclls tho account nIuinst
thc Company. "Gcntseinen s1lnnlh under
stan," said lhc Secretary, ''that, while tue prc.
M!l'tn'uotes amount tu $iDD, ,0O0, nut ui OF them
aro III force for tue wh"lo time, nur are oil Of
them now good. This asscsspunt had 10
" ;haue lafEo enough to cover tho