The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1907-03-14
A NEW INDUSTRY STARTED IN
BARRE
Granite Mutual Fire Insurance Com
parry Has Written It's First Pol
teies Starts on with Ell
celleni Prospects.


The 8rRnste Msiasl insurance Con.
parry uhirh Waa chartered BY special
hci 81 ibs Legislature u 1905. and which
organsbod January 70, commenced writ
iag business 90 March l. The people
81 Barre have shown their loyalty and
confidence IN ihis new enterprise a.
fcAdy by coming forward aud extend
ice Il their patronage N large meas
ere quite = bumbvr u applications
iur insurance have also been received
FROM surrounding towns, sinee ihs Ia.
formation vent 0ai that the company
EAs organized
The Granite Mutual Company is not
parly locsl. bat will have The entire
state for IL Geld, The managers hAse
received applications for agency APP
poinimenis from all parts Of Vermont
and from some Of The leading insurance
men. which gives the management
much encouragement. II is certain
that another state mutual company will
be welcomed IN the various cities, wi.
lagos and towns, where so much cash
is being poured out 10 other state and
foreign companies. There are about
sixty concerns which are taking Yer
mont money out Of the state through
FIRE insurance. Ii is the purpose Of the
Granite Mutual 10 do general fire in
sursncc business on conservative ba'
sis. thereby avoiding serious loss in
any Que fire. The company is author
ised 10 write both assessment and paid
up policies, which will probably mean
saving Of many dollars every year 10
the people Of Barre and other cities
and towns, shere complaint is now
made Of very high rates.
The company has capital stock
guarantee fund Of 100000, authorized
by lis charter for the protection Of
policy. holders, of which $4,000 has
been paid into the treasury in cash.
The corporation will be managed by
board OF directors comprising some OF
the best business men in this vicinity,
there being twenty, all Of whom have
qualified. according 10 The laws OF the
state. All are deeply interested in the
welfare OF the new enterprise. They |
wide diversity of interests,
as will be shown in the following list: !
A. =. Abbott Of A. z. Abb
bolt company, o. s. Dodge and 4. A.
Drown; granite manufacturers, Il. AL.
biseitl ian alderman), FIJI. Burke ian
James Campbell, Alexan.
der J. Young; Thomas ii. Cave, Jr.,
cashier National Bank of Barre; AL.
ierman II. +. Cutler; +. G.. Rowland,
president of the National Bank Of
Barre; j. Henry jackson, MD, pres
dent of the Barre Savings Bank and
Trust Company; H.G. Woodruff, treas
nrer of the Granite Savings Bank and
Trust Company; John Trow, president
u the Granite Savings Bank; X. G..
general insurance agent; A.
A. Sargent, attorney at law; Ii. W.
Scott, Barre city Judge; +. c. Ban
croft, Barre Town representative in
1906; DR.. G. N. Barber, former Barre
Town representative; A. b. Hutchins,
real estate dealer; George Kent, spe-
,ial agent of the NET. d T. company.
All Of these men have recognized bust
ness ability. who will leave no stone
lnturned TO make the company one of
he best, safest and most reliable con-
erns to transact business with in the
tate of Vermont.
The officers of the company are:
resident, FIG. Rowland; vice presi-
Tents, II. q. Woodruff and G. n. Bar
,er; secretary, r. G. Robinson; treas
irer, II. w. Scott. The home Office
yill be in the Wood building at 6l
North Main street this city.
The Granite Mutual will be wei
ome addition TO the industries of
Barre. Ii will start business on a mod-1
st basis, and by conservative man
cement will no doubt become one of
he strong concerns Of the state
Barre Daily Times.