Proposals of the Massachusetts Hospital Life Insurance Company, to Make Insurance on Lives, to Grant Annuities on Lives and in Trust, and Edowments for Children. August 18, 1823. Insurance, Finance, Nathaniel Bowditch.

Proposals of the Massachusetts Hospital Life Insurance Company, to Make Insurance on Lives, to Grant Annuities on Lives and in Trust, and Edowments for Children. August 18, 1823.

[Boston]: Printed by James Loring, 1823. First edition. Original blue paste-paper wrappers, 7 x 4.63 inches, 51, [1] pages. Heavy brown damp-stain to the upper margin and the upper edges of the text block, much heavier and more extensive to the last few leaves; a very good copy. Item #19359

The prospectus and terms behind the newly-formed Boston insurance company that would be responsible for steering investment capital into the development of New England industry, all under the guidance of its actuary Nathaniel Bowditch (probably the most prominent early American mathematician, astronomer, and financial “quant”), listed here prominently among the officers. Bowditch had left his longtime post with the Essex Fire and Marine Insurance Company in Salem in 1823 to join this company in Boston. Ink ownership signature of a Mary Lewis dated 1826 on the front free endpaper. Sabin 45863; American Imprints 13264.

Price: $250.00

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