National Geographic : 1929 Nov
Time Tests All Things Broad Street, Richmond, Virginia, in 1795. In thatyear a group of citizens under the leadershipof John Marshallfounded thefirst insurance company in the State-a MUTUAL company. T HERE'S nothing like time to test things, particularly ideas or principles. Fifty years discloses the plans of nations as fatuous or in spired. A century weighs world trends. One hundred and seventy-seven years ago, Benjamin Franklin formulated the principles of mutual insurance. They have stood the test oftime. The struggle for independence-the spread ing out and building of the nation-the civil war-the reconstruction period-all of these with their attendant disturbances did not affect the solidity and stability of mutual principles. All insurance is good. There is this about mutual insurance-when you buy a mutual policy you have not only all the rights of a poli cyholder in any other type of insurance carrier, but in addition you have the rights of represen tation in management and a share in the pros perity of the corporation. These are the reasons why the majority of leading industrial corporations, and hundreds of thousands ofindividuals buy mutual coverage for casualty risks. A worth-while booklet on mutual casualty insurance will be sent on request. No solicita tion will follow. Address Mutual Insurance, Room 2200, I80 North Michigan Avenue, Chicago, Illinois. MUTUAL PROTECTION IS AVAILABLE FOR THESE CASUALTY RISKS: Workmen's Compensation Fidelity Accident and Health PropertyDamage Automobile (allforms) Plate Glass Burglary and Theft Liability (allforms) MUTUAL CASUALTY INSURANCE Tiese Old Line Legal Reserve Companies Are Members of NATIONAL ASSOCIATION OF MUTUAL CASUALTY COMPANIES and AMERICAN MUTUAL ALLIANCE Allied Mutuals Liability Insurance Co., New York City; American Mutual Liability Insurance Co., Boston, Mass.; Builders Mutual Casualty Co., Madison, Wis.; Central Mutual Casualty Co., Kansas City, Mo.; Employers Mutual Casualty Co., Des Moines, la.; Employers Mutual Liability Insurance Co., Wausau, Wis.; Exchange Mutual Indemnity Insurance Co., Bufalo, N. Y .; Federal MutualLiability Insurance Co., Boston, Mass.; Hardware Mutual Casualty Co., Stevens Point, Wis.; Interboro Mutual Indemnity Insurance Co., New York City; Jamestown Mutual Insurance Co., Jamestown, N. r .; Liberty Mutual Insurance Co., Boston, Mass.; Lumbermens Mutual Casualty Co., Chicago, Ill.; (American) Lumbermens Mutual Casualty Co. of Illinois, New York City; Merchants Mutual Casualty Co., Buffalo, N. Y.; Michigan Mutual Liability Co., Detroit, Mich.; Mutual Casualty Insurance Co., New York City; Texas Employers Insurance Association, Dallas,Tex.; U.S.Mutual Liability Insurance Co.,9Qincy, Mass.; Utica Mutual Insurance Co., Utica, N. Y.