The Barre daily times. (Barre, Vt.) 1897-1959, 1907-03-04
A NEW INDUSTRY
STARTED TN BARRE
Granite Mutual Fife Insurance Company
Has Written It's First Policies
Starts of with Excellent
Prospects.

The Granite Mutual Insurance COM
pany, which was chartered BY special
act of the legislature Of 1906, and which
organized January rs, commenced writ
ing business on March Il The people
Of Barre have shown their loyalty and
confidence ia this new enterprise already
by coming forward and extending it
their patronage III large measure. Quite
a number OF applications for insurance
have also been received from surround
ing towns. since the information went
out that the company was organized
The Granite Mutual company Is not
purely local, but will have the entire
state efor its field. The managers have
received applications for agency appoint
ments from all parts Of Vermont and
from some OF the leading insurance men,
which gives the management much en-
eouragement. II u certain that another
state mutual company viii be welcomed
ia the various cities, villages and towns,
where 50 much cash is being poured out
Ito other state and foreign companies.
There arc about sixty concerns which are
taking Vermont money out of the state
through fire insurance. II il the pur
pose Of the Granite Mutual to do gen
erai fire insurance business on Il conser
vative basis, thereby avoiding serious
loss In any one fire. The company il
authorized to write both assessment and
paid-np policies, which viii probably
mean saving of many dollars every
year To the people Of Barre and other
cities and towns, where complaint Isl
now made of very high rates
The company has capital stock guar
antee fund Of 100000, authorized byI
its charter for the protection Of policy
holders. OF which $4,000 has been paid
into the treasury in cash. The corpora
tion viii be managed by a board OF di
reetors comprising some of the best
business men in this vicinity, there be-
ing twenty. all Of whom have qualified,
according to the laws OF the state. All
arc deeply interested in the welfare OF
the new enterprise. They represent
wide diversity Of interests, as viii be
shown in the following list merchants,
A, r. Abbott of A. RI Abbott company.
o. J. Dodge and Il. A. Drown; granite
manufacturers, f. Albisetti Can alder
many, II H. Burke (an alderman) james
Campbell, Alexander J. Young; Thomas
II. Cave, Jr.. cashier, National Bank of
pdiAhf AAiUtlAAllU h. t. lAAlttiy W. I
Howland, president Of the National Bank
Of Barre; = Henry Jackson, M. ID, pres
ident Of the Barre Savings Bank ana
Trust company; II. G Woodruff, treas
urer of the Granite Savings Bank and
Trust company; John Tfew, president
Of the Granite Savings bank r. g. Rob
inson, general insrn aeent A. A.
Sargent, attorney t n Nv. Scott.
Barre city Judge; f G. Bancroft, Barre
Town representative in 1906; DR.. G. N.
Barber. former Barre Town representa-
tive: A. b. Hutchins, real estate dealer; |
George Kent, special agent Of the n. e. |
II Il a. company All Of these men
have recognized business ability, who F!
will leave no stone unturned to make |
the company one Of the best. safest and |
most reliable concerns to- transact bust |
ness with in the state Of Vermont.
TIE officers OF the company are; pres
ident, r. g Rowland; vice presidents,
II. &. Woodruff and G. n Barber; sec
retary, r. G. Robinson; treasurer, H. W. I
Scott The home Office viii be in the
Wood building al 81 North Main street
tms eity.
The Granite Mutual viii be a welcome |
addition to the industries Of Barre. II
will start business on q modest basis. I
and by conservative management win no
doubt become one Of the strong concerns
of the state