Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-03-18
penses, each his share, according to tn'
sum insured
READY TO ORGANIZE.

READY TO ORGANIZE.
The act then provides for opening BOOKS
of subscriptlon i'm different parts Of the
State. and enacts that "as soon as tne
sum subscribed shall amount TO S.V0,Wy
or upwards notice shall be given III tue
Virginia Gazette and day hXed upon
for the meeting Of the subscribers VINO
shall then either attend In person or by
representatives in the city Of Richmond 10
examine the aforesaid system OF mutuai
assurance. proposed by the said William
Frederick Asst and conclude upon such
rules ard regulations as they, or ma
jority of them, may think pest, Whlch
shall be signed by any twelve Of them,
chosen for that purpose, and that the same
shall be binding on all those who shaii
insure their property in the said assurance
society
The distinctive feature of the act is in
these words:
.If the funds should not be sufficient, a
repartition among the whole of the per-
sons insured shall be made. and each snall
pay on the demand of the cashier ols'
her or their share. according 10 the sum
insured and the rate Of hazard at which
the building stands, agreeably TO the rate
of the premiums. for which purpose IL IS
hereby declared that the subscribers as
soon as they shall insure their property III
the assurance society aforesaid 30 niu-
tually. for themselves. their heirs, eXecu-
tors, administrators. and assigns engage
their property insured (but none other as
security. and subject the same TO be sold
II necessary, for the payment OF sueh
quotas"
THE ORIGINAL SUBSCRIBERS.
The subscribers met at the capital and
organized on December -, 1875. The min
utes of this meeting show that there were
present 81 subscribers from the borough
Of Norfolk and vicinity by Thomas
Newton. their deputy; 122 from Rich
mond. by William Foushee, Andrew
Dunscomb. Ro Mitchell. William Hay
George Pickett, William DuvaL WI
liam Marshall. and Jacob j. Cohen; Is
from Dumfries, by George Gray: 81 from
Petersburg. by Ro. Moore; 2 from Alex
andria. by Ludwell Lee; from Char-
lottesville. by w. w. Henning; B. Lewis
RurweU. for self and Richard Randolph
and David Meade Randolph; 10 Ihohas
Newton. and William Foushee. Tor ~
others; 1. Thomas Pearce; ?, BENJAMIN
Dabney. for self and General Meade 10
Hugh Holmes for self. and others; To-
Moses Hunter, for self and others; l.
Andrew Buchanan. in person; l. Charles
Marshall by w Marshall. Total. 4J0.
chairman of the meeting. and was SUD
eeouentlv elected president, Jacquein
Amber was chosen cashier-general, ana
William f. Asst, principal agent. Inc
directors were: Bushrod Washington
George Pickett Robert Mitchell, william
Duval. lanes Brown, Andrew Duhsconp'
James Brander Jacob j. Cohen hoDeIl
Polling. George French. Alexander 9',
C1otr Jonah Thompson. John Peyton, ana
Thomas Newton. .
Amone those voted for as directors
but not elected. were the following VIZ
known and distinguished names "Ilii'n' ln,,'l
Uav William Marshall. George hely'
Andrew Ronald. George +. Norton, huu-
veil Lee. william Richardson, James
NcClung. John Graham, and Ihonias
rutherford.
READY TO BEGIN BUSINESS.
The president and directors convened
for the first time January 4, 1870 anu
adopted "a notification to the puDilc '@lae @
the society was organized ana reauy ~,
business. The securities on the oHIclal
bond of the cashier-general were Johh
Marshall. William Marshall, Ed"dru
Darlington. and John Harvie.
These facts are taken from a very IN
teresting historical sketch OF the society
from its organization IN l'5t 10 lo'', ~
piled by Messrs John b. Dantorth anu
Herbert A. Claiborne. The Dook con
talns much other interesting matter III
Guiding legal opinions by John Marsnali'
Edraund Randolph. John Wickham, Peter
" Daniel and others.
The Mutual Societys building stands
on the north side of Main street TO the
east of the post-ofice. and is one Of the
,,ost subetautfa1 structures i'm the clty.
Colonel william II. Palmer and Messrs.
William +. Gray, James w. Allison, Al
fred T. Harris, Jr.. Lewis Ginter, ana
Joseph Bryan constitute the standing
committee. or Board of Directors, OF the
society; Mr.. Herbert A. Claiborne. the
principal agent; Mr. Thomas Boiling. Jr''
assistant secretary. and Mr.. John Blair.
collector. Mr. Edwin 4. Palmer. the new
secretary, is a son Of Colonel William n.
Palmer. and has been with the Virginia
Fire and Marine for a number Of years.