William Johnson

“ It is true, that the Court occasionally uses the term premium, when speaking of the quota; but in every instance it will be found to be used when reasoning upon the quota as the purchase money, in part of the right of the insured to compensation, which, by analogy to other cases of insurance, is in that sense denominated a premium. ”

“ In the case alluded to, it was decided, that the lien thus created, had its origin in contract, although enforced by statute, and continued a mortgage on the premises, until vacated according to the provisions of the several laws which regulated the company. ”