The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1889-01-11
THE MUrUALFIRE ISsURANCEC COM
PANYIN HARTFORD COUNTY.


@ The IN, lnbeTs Of this company also met in the
Secretary, Office, in Bel Air, on Monday. Mr.. il.
Harris Archer was called to the chair and Mr.
Z. Cole was chosen Secretary.
The annual statement was read By the Presi-
dent dent ~ the company, Col. John Carroll Walsh.
AMI unanimously reelected They are AS follows;
- John Carroll Walsh, Jos. b Hanway, u. W.
Taylor: j. p. Silver, John 5. Dallam WIN, Web
ster. IhCs. II. Nelson, VIM. BALDWIN, c c. Kin
sey, l.. NJ. Allen, OF Hartford county ;and Thomas
GI Tors S OF c. Frank NJ Sparks John Stirling,
Edwin Scott and W. y. B. Wright OF Baltimore
county.
Mr., Mr. VIM; Webster offered the following reso-
Resolved, that the Mutual Fire Insurance
Company in Hartford county reduce the interest
January lSt 1889" ~
!, II was ordered that money paid in error be re-
funded to Daniel Scott ana j q. Rouse
Mr.. WIN. ii. Harlan offered a resolution which
elctt llVely discussion. II was in effect that
ne board OF directors be required to examine
thelr risks in Iel Air and other towns where
there Is Il probability of great loss by fire and re-
insure in other companies two out OF every three
houses Ill exposed portions Of such towns, re-
tanning at the risk of this company onIv one
house out of every three
Mr.. }; p. Silver was opposed to this company
relnsurng Its RISKS in other COMPANIES unless II
uo.s MOI cost any more money.
Mr.. william Webster was opposed to carving
insurance in Bel Air as the company is doing.
other companies.
Mr.. Adam Kok said it was unreasonable that
peope VINO mad been paying premiums to thu
society for 35 years should be r, uuired to do I'M,
for the sake OF Bel Air. '''''
hr. Geo Il; Silver said tho numerous fires in
county towns had led him to hesitate about nut
tlhg all MS insurance in a mutual company Tho
people or bel Air, who have been mem hers Of The
company SO many years, have some rights which
ought 10 De protected, as far as possible He
was opposed to using the company's money for
reinsurance. II Bel Air property is insuTed at
too low rate the wrong should be corrected
Mr.. george II. CairnCs said he would like to
correct misrepresentation with regard to prom r.
" in Bel Air, which is the only town In which
tho company has insurance of any amount
Some o. the property in Bel Air is really safer
than farm property, because ut the cry Of fire n
dozen men Will be almost instantly on the spot.
Whlle on farm the house will burn before any
one comes. Then in Bel AR we have to nav 70
cents on each 500 while In the country only 81
cents is paid. '
Mr.. Thomas II. Robinson moved to amend Mr.
harlans resolution by substituting the word
empowered for directed" whore it relates
10 the duty of directors.
Mr.. Harlan opposed the amendment, saving
that the directors are directed" they would do
nothing.
Mr.. +. NJ. Allen thought Mr.. HarIap's rosolu-
tion contrary to the entire spirit and scope OF
thls company and against its interests This
resolution only refers to blocks of houses huilt
together alt would be absurd to reinsurc at
greater rates than we receive and he moved an
amendment that the directors take such action
as the interest OF the company requires
Mr.. j. n. Street, said the directors should be
entrusted with some discretionary power He
onered me following, as substitute for Mr. Har-
"Resoh@, That the risks now held in towns be
reduced to one-ihird their present amount
wherever. in the judgment of the directors, the
Interest OF the company requires"
The resolution was adopted.
me following offered by Mr.. VIM. H. Harlan,
was adopted: '
hHSotred That from and after this date any
policy holder shall have the right to cancel his
policy. upon paying the pro rata portion of the
yearl prem ium, using the short rate table now
used by the best stock companies, and any excess
OF such pro rata which may have been paid in
hl N.N..l.
ed no such losses have occurred rs will make an
assessment probable, in the Judgment of the
Secretary
The meeting then adj ourned.
Immediately afterwards the board Of directors
were called to order bv MIR. DalIam and Col.
John Carroll Walsh was reelected President;
anu MI. Geo. X Cairnes SecretarY and Treasurnr