Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1896-10-21
MUTUAL FIRE INSURANCE
And Its Many Important Advantages

And It's Many Important Advantages.
(Atl.nta Constitution, Sept %. 1861
Nearly two hundred years ago few property
owners formed the first insurance association
of the world by agreeing to "chip in" and
share equally any loss by fire which might be
sufersd by one of their number. The ma
chinery Of fire insurance ct that time was in q
very crude state, btit, thanks to the brain OF
man, since that time the Improvements IN the
plan of protection against fire has been In
keeping with the wonderful advancement OF
the times in all branches. Today we have, in
the Manufacturers Mutual Fire Insurance
Company of our city and state, the perfection
of fire insurance, combining, as this company
does, the security and stability OF the stock
company with tho liberality of the mutual
company. Their plan is indeed the most equi-
table to all to be found today. This company
was chartered by special act of the Georgia
legislature In tho year 1888, and BY that body
and at that time was granted privileges which
cannot be duplicated at the present time.
The company's home Office Is in this city ana
they are pleasantly domiciled at No. ls Sonth
Broad Mr.. j. Charles Dayton, who is known
throughout the state Of Georgia as an able
fnancier and a conservative business man, Is
the president of the company. He is also
cashier of the State Savings bank and psomi-
nently connected withother solid institutions
which mark the growth Of the city OF At
lana and state of Georgia. The vice presi-
dent of the Manufacturers Mutual Insurance
Company is Hon. Thomas B. Fielder. Jr.. than
whom there is no better known and better
liked gentleman in the state. He Is OF one OF
our prominent law firms, that of Anderson
Fielder s. Davis, and will represent the county
of Fulton at the next session Of the legisla-
ture of Georgia, he having lead the ticket In
the face Of strong opposition ut the last elec-
tion for representative from Fulton. This, is
in strong evidence of his popularity and OF
the esteem and confidence reposed In him by
the citizens Of his county, and throughout the
state he is honored and esteemed by all who
know him.
The active management Of the Sanufac-
turers' Mutual Insurance Company Is in the
hands of Mr.. Peyton Douglas. who was the
prime mover in the organization of the COM
pany and who since its organization has he'd
the position of secretary and general man
ager. Mr.. Douglas has made life study OF
the insurance business in all its details and is
as well posted on that subject as any man IN
the state. He started in the insurance busi-
ness many years ago, being first connected
with the stock companies, but realizing that
mutually, with proper sa 'egulrds, was the
truer principle of insurance, he organized
and has put in operation the Manufacturers
Mutual Insurance Company. He was raised
in our midst and has the confidence of those
who know him and his friends are legion. In
Mr.. F. H. Cathcart, the treasurer OF the COM
pany, we have another practical insurance
man. Mr.. Cathcart came here from Balti-
more several years ago and up to the organ
ization of the Manu- sacturers' Mutual he was
prominently connected with one Of the
largest general agencies in the south. Since
coming to Atlanta he has takel prominent
stand among tho business men OF our city and
state, and he stand, today one of her most
progressive citizens. The directors OF tine
company are oil men Of integrity and abb ity
and in their hands the Manufacturers MIL
tual Is marching rapidly along the road to
sure success. The prominent features dis
tinguishing the Manufacturers Mutual In
SurancG company OIlcE
panies Is their guarantee fund OF SlOO,L0O
back ed by n bond of that amount secured by
real estate mortgages, stocks and bonds, and
collateral loans, making n total of twice the
amount of the bond. This furnishes absolute
security and the only mutual feature OF the
contract issued by this company Is the fact
that O proportion of the profits from unG r
writing is each year divided among The policy
holders of the company. This Is but just, as
1t is the patronage OF these policy holders
which has enabled the company to earn their
profits. An insurer in this company, there
lore, has absolute indemnity ut cost. They
are patronizing home company. They pay
no more for their insurance than the COM
ranies composing the insurance trust charge
and the profits are returned to policy holders
rs they are earned, and are clear saving.
Policy holders in this company cannot be as
sessed for losses or for any other purpose and
the company is O. member of no trust or COM
bine and Is Independent in It's every action.
The last statement of the company, made
June 80, 1896, showed actual assets in the state
Of Georgia of s1o9 4il;2o. and q surplus 10
policy holders OF 500, ,214.l0. This company is
Successful, strong and reliable and deserves,
and is securing, the patronage OF the largest
as we'll as the smaller insurers of Georgia.
The Manufacturers Mutual Insurance Com
pany has agencies in all the principal cities
md towns of the state.