Connecticut western news., 1880-04-28
Cornwall Hollow.
Tobacco.
AxME,

The tobacco crop has become one of the most important interests of the farmers of Connecticut, and it is increasing in value and extent year by year. The annual production must now amount to between g., 100000 and B, 900, ,OOO. It is a crop which not only re- quires great care and skill in raising, but is very liable to injury and damage from various causes, among the chief of which are hail storms. A crop which has required great la- bor aud expense, and is valued at hundreds of dollars is liable to be utterly ruined in few moments.
 It has long been felt by tobacco growers that some plan or organization by which they could mutually protect each other and share each others losses, would be ''consumma- ton devoutly to be wished" It occurred to soma of the tobacco growers of this town, who are some of our most responsible and re, spected citizens, that mutual insurance | company to insure against damage by hall, was just what was needed; then if poor man risked his all, as we may say, on crop of tobacco. he would not be left penniless by ruthless hail storm. He would at least be ssured fair return for his labor. Accord ingly an application was made to the legis- lature for a charter, which was granted, and the Company has just been fully organized for business as ''The Tobacco Growers Mu- tual Insurance Company" Such Company, we believe is something new in the insurance business, and is the first one ever organized the Pioneer. It is confidently believed, how ever by those capable of judging, and who have given the matter thought and attention, that it will prove success, and of great mu- tual benefit to tobacco producers. The or ganization is on the mutual plan, and it is pro- vided that none but insurers shall be mem- bers of the Corporation, so that it will be un. der the entire control of those most interest ed Each insurer gives a premium note which of course measures the extent of his responsibility. A part only of the note is re- quired to be paid in cash, and it is believed that these cash payments will be amply sui ficient to meet all ordinary losses, and that no assessments are likely ever to become nec- essary. At the expiration of the term of in- surance the note is returned and the amount remaining unpaid relinquished. But what ever the future of this Company may be, we at least know that those who have engaged in this new enterprise are gentlemen of in- tsgrity and responsibility, who have entire f ith in it, and who will do everything in their power to make it success and to mer. it the confidence and patronage of the public.
 MT. Cunning, the president of the Com pany, is we'll and widely known as a mer chant, and business man of wide and varied experience (he is now chairman of the Board of County Commissioners of this Coun- ty,) and of great energy of character, who "means business" in whatever he undertakes So in regard to Squire Bronson. Mr. Cowdrey (of the Barnum Richardson Company,) Miles B, Tobey, Esq, Mir. Charles H. Briggs, the Secretary, and MT. Edward s Roberts. the General Agent We believe it will be for the interests of all tobacco growers and all who are in any way interested in the tobacco crop, to examine this new enterprise and give it their encouragement. See advertisement in another column.
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