Wednesday, January 17, 2018

Two Firms Celebrate 175 Years in 2018

The year is 1843. John Tyler was President of the United States (the Vice President post was vacant). Edgar Allan Poe's "The Tell-Tale Heart" is published. The first major wagon train headed for the American Northwest set out in May from Missouri with over 1,000 pioneers. And the John Baumann Safe Company was established in St. Louis. Now in its 5th generation of family ownership and still providing residential, commercial, and automotive locksmith needs in addition to safes and security systems. In line with many other Century Club Companies, they say it is their "personal service, experience, and long-term relationships" that have enabled them to succeed for 175 years.

Another company that began in 1843 and has lasted to celebrate their 175 anniversary in 2018 is Frederick Mutual Insurance Company of Maryland. Before there were insurance companies, communities realized that neighbors needed to band together to protect each other from fire loss. This "mutual" concern and cooperation was the driving force behind the establishment of companies such as Frederick Mutual. By sharing in the protection risk, generations of individuals and businesses are able to insure their homes and businesses. Owned by the policy holders, this unique form of business  has enabled Frederick Mutual's survival over the long term. As they state on their website: "Since 1843 the founding principle of our company has been Peace of Mind. We are still here for the benefit of the public and are owned by our policyholders."

No comments:

Post a Comment