The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1880-04-01
HOME INSURANCE AID SOCIETY or PARIS
AND WASHINGTON TOWNSHIPS.

On January oath, 1874 the farmers of PARIS and
washington townships commenced their Home
Insurance. or as we termed 1t, our Aid Society
The friends OF this movement clam three things
In It's favor. LIST, cheaper rates; I'd, everybody
will becom' member on account of the low
rates, and Sd, the money paid will 20 to our sur.
fering neighbors.
Six years have passed and although there are
similar and older associations in our county. vet
as no public statement ever appeared nom any
OF them we feel called on to give the public our
statement for their consideration, as to how pro.
lection is success.
| we charge new members FIVE cents for every
800 taken for protection, the contract and Vaua.
lion OF property lasting Eve years This money
goes to the Treasurer Robert NJ, Hawkins, who
pays all running expenses, the balance is appro
priased to the payment Of lOsses by storm or 6re
During the past Six years we had TWO stoIms
and three fires making a loss of So 36i.32. This
includes our expenses up to May 29.b, 1879. and
left balance In our treasury OF $40. 70 pay
these losses We were necess ilaled 10 levy IA cents
and mills on all property under Protection. In
April, 1877 another levy of l3 cents was made
to meet the Bauchman loss and again In
July, 1878, third levy OF 16 cents was made to
meet the loss Of Peter Maser's dwelling, making
In all % cents and mills on each $4,000 of pro.
perty.
10 make our position now plain et us compare
our losses with those Of the cheapest Insurance
Company in the State, Our loss as estimated
above being s. cents for every 500 90 and in ad.
dition SlOO for survey and 81 60 for policy, this
will protect the Insured proper for five years. Let
us suppose Farmer A from Paris township had
$4,000 insured in said cheap company for which
he paid the above stated rate this then would
make with the So 90 for survey and policy, S36 90
paid when the properly was taken; and let us
suppose Farmer had the same amount of pro,
perly $4,000 in our Aid Society for which he
paid 5S cents and mills, or S23 SO, this money
being PAID between times when the loss required
1t. Now let us charge the amount further A paid
with six rer cent. compound interest from the
first to the end ofthe five years and by doing the
same In our home insurance there would be niAe
dollars In favor Of the home insurance,
Everybody therefore can see that so far as the
com parison goes the balance is vastly in our ia.
vor.
The most OF our members, we must say It to
their credit pay their shares Cheerfully, only q
few have ever grumbed, 1t gives much more
satisfaction to know that the money is paid to
your suffering neighbOrs instead of being paid to
corporations of which we know nothing. We
have up to this date 10 Of all the farmers in
both townships Our property under protection
is over s6OO,OOO
Our members take a philosophical view Of this
matter. 1 am not more able to control the power
OF electricity than can guard against fire under
all circumstances, and therefore I will go into
this home association, protect myself and help
my neighbor in case Of loss.
As our fathers of old helped each other rolling
logs to build house or barn. so will we be good
neghbors and help each other. And If there are
any among us too dark in head or heart to refuse
his aid to so worthy cause we certainly will be
clever enough to let him stick in his own mind
in case misfortune may befall him.
JACOB GERWIG.
Paris, Stark county, o., March 27, 1880.