Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1868-10-28
INVESTMENTS.

INVESTMENTS.
The Bylaws of the Association require tia.
one-third Of the money received as new member.
ship fees shall be made sinking fund to meet
payments falling due by the delnquencies OF
members. This fund is held by the rv rs
~ Natioanl Trust Co, a%
and will be invested in United States bonds, OF
real estate, or bond and mortgage upon New
York City property, which property shall be
d0ube the value OF the money so loaned.
THE FUNDS.
The remaining two.thirds, after paving the
expcn 'es Of the Association shall be Invested ia
real estate in the City Of New York, or In b. nd
aud mortgage on property In the city OF New
fo.k the interest OF which shall 20 10 pay
the currant expense Of the Association. If q de.
ceased member leaves no hers, the money be.
comes The property Of the Association, with the
provisO that the expenses of burial shall he 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. forlcts all claims upon the Association,
I and also forieits all money previously paid. III
the Pacific States this time is extended to sixty
daya member having no permanent residence
must notify the Secretary, and appoint a repre-.
, sentative to pay his fees.
| When members choose they can send ten dol
! lars and fit cents to the Treasurer to prepay
/ lllGII lecS MIllCu SUM VIII pay LOT ten uCllIs,
| thus saving the trouble of sending 81. 10 each
line, besides saving OF 90 cent No man II
| 50 poor that be cannot pay Six Dollars now and
/ 10 occasiOny, thus securing IS ODD to his heirs
The average nun OF dollars each person will
nave to pay to secure $1,000 will be $50 pei
! year, little over 80 cents per week. This
makes this mode OF Insurance cost aUout one
sixth what they would have TO pay any regular
| Insurance Company Tor a $4,000 policy
/ This company is divided into ten classes foi
| men, md ten classes for women. Al
/ soon "a these classes are filled ten new classes
will be adopted. Men and women ore not allow
ed IN the same classes, Everything ia done tt
make each class equal.
CLASSES.
| IN class all persons between the ages Of 5 Il q
In class all persons between the ages CT 20 x q
n class all parsons between the ages of rs & sc
In class all persons between the ages OF 30 4 3,
n class Il all persons between the ages of IS & 4
N class + all persons between the ages of 30 x 4!
| n class all persons between The ages of As d 81
In class Fl al persons between the ages of 30 Il 8,
! n class all persons between the ages of J5 Il u
In class X all persons between the ages of 60 Il q,
The classes Tor women are tie same as above
Any one that is found to give his or her ag'
wrong will be expelled, and the moneys pait
forfeited to the Association. Each class IL lin
tied to 900 members. Each person pays sc up
on becoming member and 81 ~ each time
member dies belonging to the same class he Of
she may he a member Of.
/ A member OF one class cannot be assessed thu
/ dollar il member of another class dies sacl
class ia ISDgPENDENT, having no connection will
any other
ILLUSTRATION.
Glass "a" has 5000 III lie members. A mar
dies. The Association pays over within forty
days SIS 600 to the widow or heirs. and the re
naming members forward within 80 days ont
dollar and ten cents each to the ASSOCIATION t,
reimburse it. Failing to send this sum, they for
felt to the Association all moneys paid, and the
Association supplies new member TO fill The
place of the retiring one a
\ ADVANTAGES.
The advantages Of this Association over ordi
nary Life Insurance Companies are, no panic,
can braak IL the fees are so small AMI required
to DE paed at such long intervals, thai any mar
can secure to his family competency upon hi
death. a.E srm Matwswmm avs "
How 10 become Mernbtrs.
Any one desiring TO become member mus
send IS. 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 THU
war. Agents are not allowed 10 receive moneys
but must ask for cheeks, &c, DC. Persons pay
ing an agent otherwise than by check do IL a
their own risk. All checks, &c., must be paya
Bile to the order Of W. s. C.iRMAN, Treasurer
Accompanying the money must be paper Civ
ing the applicants full name, age. birthplace
present. occupation, who the policy is in favor Of
Post.oifice address,, town county, state. Also
Medical Cert icate. setting forth the physca
condition, and whether in the opinion of tn,
doctor examining, the applicant is proper per
son to be insured. Blank forms Of application
for membership will he sent upon application
Agents are not allowed to receive money bu
in the form of a check. daft. or postal order
made payable to the order OF WAS. CARMAN
Treasurer. . .iss.. . d
Each member ought to try 10 make new mem
bers by so doing he benefits himself No lette
will be noticed that does not contain three cen
postag stamp prepay return postage. az
All communications should be addressed