Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1868-09-09
MANHATTAN
CO. OPERATIVE
RELIEF ASSOCIATION.

OFFICE MANHATTAN Co-orERAT1vE)
RELIEF ASSOCIATION,
No 4S2 BRooME ST NEW York
THE MANHATTAN COOPERATIVE RE
LIEF ASSOCIATION is chartered by the State
of New York.
The object of this Association is to secure
cash payment within forty days after the death
of member of as many dollars as there are mem
bers in the class to which he or she belongs, to
his or her heirs,
MEMBERSHIP FEES.
The membership fees are six dollars at joining
ifor which a policy will be furnished), and
81 10 on the death of each member, of
which due notice will be given. One dollar from
each member, and the ten cents for expenses Of
collecting
INVESTMENTS.
The Bylaws of the Association require that
one-third of the money received as new member.
ship fees shalt be made sinking fund to meet
payments falling due by the delInquencies OF
members. This fund is held by the
National Trust Co,
and will be invested in United States bonds, or
real estate, or bond and mortgage upon New
York City property, which property shall be
doube the value Of the money so loaned.
THE FUNDS.
The remaining twothrds, after paving the
real estate in the City Of New York, or in b nd
and mortgage on property in the City of New
York the interest of which shall go TO pay
the curIant expense Of the a ssoCiatiou. If de-
ceased member leaves no heirs, the money be-
comes the property of the Association with the
provi3o that the expenses OF burial snail be paid
out of such funds, said expenses, however, not
to exceed one hundred dollars.
A member failing to pay his fee of one dollar
and ten cents within thirty days from date of
notice, foreIts all claims upon the Association,
and also forteits all money previously paid. In
| the Pacific states this time is eXtedded 10 sixty
J days A member having no permanent residence
must notify the Secretary, aad appoint repre-.
! sentative to pay his fees.
Whcn members choose they can send ten dol
lars ind fit cents to the Treasurer TO prepay
their fees. which sum will pay Tor ten deaths
thus saving the trouble of sending 81. 10 each
line, besides a saving OF 80 cent No man is
S. poor that he cannot pay Six Dollars now and
| 10 occasioniy thus securing S5 0O to his heirs.
I he average mum er OF dollars each person will
have to pay to secure $1,000 will be $50 per
year. little over 80 cents per week This
makes this mode of Insurance cost ABOUT one
sixth what they would have to pay any regular
Insurance Company tor $1,000 policy.
This company is divided into len classes for
men. Ind ten classes for women. AS
soon as these classes are filled Ten new classes
will be adopted. men and women are not allow
make each class equal.
CLASSES.
in class A all persons between the ages of 8 & 20
In c!as. all persons between the ages Of ~ X ~
In class e all persons between the ages of rs d 30
n class u all pers0fs between tie ages of 80 IL 35
In class Il all persons between the ages of 30 IL 40
In class f. all persons between the ages of 40 IL AS
n class q all persons between the ages Of As d 81
In class II al persons between the ages OF 80 d IS
n class all p rsons between the ages OF IS a. 60
In class * all persons between the ages Of 60 Il IS
The classes Tor women are tie same as above.
Any one that is found to give his or her age
wrong will he expelled, and the moneys paid
forfeited to the Association. Each class is lin.
tied to . 900 members Each person pays Sc up
on becoming a member, and S ~ each time
member dies belonging to the same class he or
she may be a member of.
A member of one class cannot be assessed this
dollar il member of another class dies. Zach
class is INDEPENDENT, having no connection with
any other.
ILLUSTRATION.
Glass "A' has 5000 m lie members. A man
dies. The Association pays over within forty
days So 600 to the widow or heirs. and tie re-
naming members forward within 30 days one
dollar and ten cents each to the ASSOCIATION to
reimburse it. Failing to send this sum, they for
felt to the Association all moneys paid, and the
place of the retiring one.
ADVANTAGES.
The advantages OF this Association over ordi
nary Lille Insurance I ompaDies are, no panies
can braak it ; the fees are so small and required
to be paied at such long intervals. that any man
can secure TO his family competency upon his
death.
How TO become Members.
ANY one desiring to become member must
send Sc. in check bank draft, postal order, or by
express, the expires age being paid by the appli
cant Under no circumstance will the Associa
sion be responsible for moneys sent but in this
wav. Agents are not allowed TO receive moneys,
but must ask for cheeks, &C., &e. Persons pay
ing an agent otherwise than by check do II at
their own risk All checks, &c. must be paya-
bic TO the order Of w. S. CARMAN, Treasurer
Accompanying the money must be paper Civ
ing the applicants full name, age birthplace
present occupation, who the policy is in favor o ,
post.ufiice adress town county. state. Also a
Medical Certificate setting forth the physical
condition, and whether In the opinion OF the
doctor examining, the applicant is a proper per,
soa to be insured Blank forms OF application
for membership will be sen upon application
Agents are not allowed to receive money but
in the form OF a check, daft. or postal order.
made payable to the order OF w. 5. CARMAN,
Treasurer
Each member ought to try to make new mem
hers by 40 dong he benefits himself No letter
will be noticed that does not contain three cent
postag stamp 10 prepay return postage.
All COMMUNICATIONS should be addressed
MANHATTAN CO-0PERA-
TIVE RELIEF ASSOCIATION