The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1882-07-06
TO THE MILL OWNERS OF WIS
CONSIN.
THE ORGANIZATION OF MILLERs' MUTUAL
INSURANCE COMPANY OF WISCONSIN.

A4NoShaNSn SOhx AM OT N1oSONSlSs
Being generally desired by the Wiscon-
sin Millers, who have on different occa-
sions advocated an organization of this
kind in this State, we therefore feel suf-
fieiently encouraged to commence in earn
est in perfecting the organization, and
now ask all Mill Owners to become Mem
bers therein. The main object of this
Company viii be to give to all its mem
bers their Insurance in this Company at
actual cost, besides having the effect on
the Stock Companies of keeping their
rates at reasonable figures. The Director
and Officers of this Company are all Mill
Owners, and are expected to serve this
Company without salary, except for labor
actually performed. No Commissions to
Agents will be paid. The main expense
will be for surveying Mills and soliciting
Insurance, and as this is the most import
ant feature, whereupon greatly rests the
success of the Company, good, competent
and reliable agents must be employed,
who will cautiously inspect and select
the risks to be taken. The Plan and Rates
for Insurance will be as near as possible
the same as in the Millers National of
Chicago, which is in brief as follows:
Only Mills and Mill Stock will be taken.
All risks are taken for Five Years. The
Premium Note will be for the amount of
Five Years Premium. The Insured may
withdraw at any time by paying all dues
up to the time of cancellation, and giving
notice in writing; the Company may also
cancel policy on same condition. The
Cash Payments on the delivery of the
policy will be one half of the yearly rate
of premium, which is equal to 10 per
cent. on the face of the Note, which will
be endorsed on said Note, and no further
assessment is expected to be made in the
first year. On the beginning of the 2nd
year the first assessment will be made and
on the beginning of eaah year thereafter.
The Assessments will be made in propor-
ton of each ones Premium Note bearing
to the losses and expenses of the Com
pany during the year. As this Company
will be strictly Mutual it will be seen
that all Insuring therein will be members
thereof, and equally, in proportion to
their policy, interested III its success.
Our Agent will, as soon as possible, paw
you visit for the purpose of surveying
your Mills and soliciting Insurance, but
you must not look upon him as you would
on a Stock Insurance agent, who works
on commission, and for his percetage.
No! you must look upon our agent in
different light and extend to him a help
ing hand, as he represents the Interest
OF the Milling Industry, and not an In
surance Company expecting large divi-
dends. A Membership in this Company
is the same as a Stakeholder in a Stock
Company, and it will therefore be for the
Interest of each member to assist this
Company in obtaining as many policies
within as short time and with as little
expense as possible. The main difficulty
to overcome will be in obtaining the first
90 applications. After these are received
the Company will be in comparatively
easy condition, therefore, just at this stage
your support will be the most needed.
For these reasons we would ask all those
intending to join this Company to notify
US by enclosed postal, so we can more
advantageously arrange the routes of our
agents. The State Law under which
this Company is organized requires that
70 applicants of 81. 900 each must have
been obtained before policies can be is
sued, but to be more cautious, no policy
will be declared in force before SO appli-
cations have been made-twice as many
as required by the State Law. Now as
we can not say at what particular day
these 80 applications shall have been
made, consequently question asked
When will the Insurance take effect?-
Can not be definitely answered, although
we expect it to be in about 80 days. The
Mill Owners who have not yet fully in
sured can take $1,000 additional Insur-
ance at any time, and those who can not
without over Insurance, we would sug-
gest to cancel 81, 900 Stock Insurance at
the time the policies in this Company be- |
come in force. There are now over 700
Mills in this State, of which we expect to |
get at least 800 to join this Company
within one year, but as the beginning |
Will be the most trying in our undertake ]
ing We confidently hope and expect 20 re.
ceive your hearty support.
LcdN SCHUETTE,
chairman of Committee on Insurance.
The Board of Directors are the follow
ing named Mill Owners: j. L. Clement,
Neenah, s. r. Wiley, Appleton. E. W.
Arndt, Depere, A. A. Freeman, Lacrosse
W. s. Green, Milford, S. H. Seamans,
Milwaukee, J. G. Fliegler, Manitowoc,
ID. Truman, Manitowoc, John Schuette,
New JERSEY PREMIUM WINE. Physi- |
clans state that the Port Wine that took |
the premium at the Centennial, produc- |
ed and offered for sale by Mr.. Alfred |
Speer, of New Jersey, is wine that can |
be safely used for medical purposes, be-
ing pure and free from medication, and |
is more reliable than other Port Wines. |