Show AS TO ripe flu A I 1 yi organization of a local company onaca LOGAN aug 1 1894 EDITOR JOURNAL inasmuch as this is a time when most of Us find it necessary to curtail our expenses expenses there is a subject which deenis to me file would ill assist very enuch in intha thili re regard ard it is the iho subject of firu fire insurance a su u ra rance n ce As this matter slow now staff stands ds we find that foreign companies compau Compani irs vs monopolize tile the business and that very large sums of money are yearly paid aid to them which could just as vi well ell be saved we find that those compau companies cs insure from three to five years as the cose may lie be aud and that a certain premium 11 i pa paid id them for taking the risk for this short period of time and when the thre oliree e or five fiva years is past it is the pame paine tiling thing 6 over again insure anew pay another aa H per cent or more us as the case demands I 1 am not in ill position to know just how much money has been paid out by cache co the last ten tell years to those foreign companies but I 1 know the amount is is large much larger than the average average reader of tiff JOURNAL has hae any idea of for the sake eake of something so to based base our argument P on let us say that five hundred undred It thousand dollars hat has been paid by this county during in the period named 1 do not now remember liow low many fires WP have had iu in this valley during the last ten years but I 1 know that the filin those companies lias has been very very small compared with the outlay let us say that this coun county y has as received fifty thousand dollars during the last ten years this would le leave ave the county looser in the Z game omme to the amount of 1 S mefody has said consistency f hou art a jewel and we must all aadree agree that in this case the insurance companies got away with the jewel while the people can if they choose credit themselves with the congi consistency aenny or rather in consistency of the case now evv since in spite spile of all the precaution man can provide the fire fiend will sometimes get the upper hand and destroy what aliat hard labor econola economy y and perseverance has accumulated the question arises Is there not a better and more economical way of insuring our property against fire why not adopt tile european plan a method which ch has las been practiced for centuria cen turie and found to give general tion lion why wh not organize el a local company right 0 here in this valley this would r require a number of directors li a clerk a treasurer and a set of bylaws by laws then appraisers should be appointed who should furnish bonds for the faithful performance of their duties those I 1 nen men should then go to work and examine every even mans property who wishes to insure and in doing 0 so great care car e should be exercised that no property should be listed beyond its actual value and whenever a fire occurred the looser by the same should bo be paid I 1 of the lull full amount of the insurance barring of course I 1 such articles as may may have been lice saved from the fire should again be appraised by by those men appointed for that purpose this system would have several advantages in the first place when a man knows that his place was only insured at its actual value and that in ill case of loss he only b get ctr of the amount he be will exercise all the precaution against fire that lie he possibly can call 2nd and should a fire occur it will not cripple a person to the extent that lie ho can rebuild at least to some extent this system then would not only be a guard against great loss but it would be a guard against crime thia system would require no premium or other exper be connecting 0 insurance bey beyond a small in trance fee for clerk hire etc and would almost do away away with the oO loss mentioned ned above whenever a fire occurred the amount of los would be ascertained and a levy made of the pro rata needed to cover the loss when the clerk would make out his hia list and send out liis his collectors to gat gather 1 ter up his funds fund which in european countries in done in turn by tile the members and without compensation of course in local companies like this lar large lare e mercantile companies and others ers carrying a heavy stoel stock would have to be excluded and only such taken in havill having property to be insured injured within a certain limit of valuation now mr editor if this plan has not got merits over the plan now pursued please tell us why not respectfully CHRISTIAN 1 LARSO I 1 fifth ward |