Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1868-11-04

No 1872 BRooNE 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 a 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 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 shall 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
double the value of the money 80 loaned.
THE FUNDS.
The remaining two.thirds, after paving the
expenses of the Association shall be invested ia
and mortgage on property in the City of New
York the interest of which shall go to pry
the currant expense of the AssociatiOn. Ii de-
ceased member leaves no heirs, the money be-
comes the property of the Association, with the
prOviso that the expenses Of burial snail be paid
out of such funds, said expenses. however, not
to exceed one hundred dollars.
member failing to pay his fee of one dollar
! and ten cents within thirty days from date OF
notice, f0rielts all claims upon the Association
| and also fOrfeits all money previously paid. In
the Pacific States this time is extended to sixty
days member having no permanent residence
must notify the Secretary, aad appoint repre-
sentative to pay his fees.
When members choose they can send ten dol
lars and fit: cents to the Treasurer to prepay
their fees, which sum will pay tor ten deal his
thus saving the trouble of sending ST. 10 each
Zine, besides a saving of 80 cent No man is
50 poor that he cannot pay Six Dollars now and
| 10 Occasionly, thus securing IS 600 to his heirs
The average mum er OF dollars each person will
have to pay to secure $1,000 will be $50 per
year, a little over 50 cents per week. This
makes this mode of Insurance cost aoout one
sixth what they would have to pay any regular
Insurance Company tor a $1,000 policy.
This company is divided into ten classes for
men, md ten classes for women. As
soon as these classes are filled ten new classes
will be adopted. Men and women are not al low.
make each class equal.
CLASSES.
In class A all persons between the ages of 10 & %
In class b all persons between the ages Of 20 a. 25
In class all persons between the ages of 20 Il sc
In class all persons between the ages of 80 d So
In class Il all persons between the ages of So K AZ
In class all persons between the ages of 40 & "a
In class all persons between the ages of 40 d 81
In class II al persons between the ages OF 80 * IS
In class all persons between the ages of IS Il &C
In class X all persons between the ages OF 60 a. 81
The classes for women are tie same as above
Any one that is found to give his or her age
wrong will be expelled, and the moneys paid
forfeited to the Association Each class Is lin
tied to 900 members. Each person pays Sc up
on becoming member and 81 ~ each time a
member dies belonging to the same class he OF
she may be member Of
member OF one class cannot be assessed this
dollar II member of another class dies. Zach
class is INDEPENDENT, having no connection with
any other.
ILLUSTRATION.
Glass "A' has 5000 male members. man
dies. The Association pays over within forty
days $4,000 to the widow or heirs. and tie re
naming members forward within 80 days on,
dollar and ten cents each to the Association &c
reimburse it. Failing to send this sum, they for
felt to the Association all moneys paid and thu
Association supplies new member to fill thu
place of the retiring one.
ADVANTAGE.
The advantages OF this Association over ordi
nary Life Insurance ompanies are, no panic,
can braak 1t the fees are so small aud required
to be paied at such long intervals. that any mar
can secure to his family competency upon hi
death.
How TO become Members.
q my one desiring to become member mus
send So in check bank draft, postal order. or b,
express. the expires age being paid by the appli
cant. Under no circumstance will the Associa
sion be responsible for moneys sent but In thi
way. Agents are not allowed to receive moneys
but must ask for cheeks, &c. &c. Persons pay
| ing an agent otherwise than by check do IL a
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 OF
1 Post.oflce address,, town county, State. Also
Medical Certificate. setting forth the physica
condition, and whether in the opinion Of th
doctor examining, the applicant is proper pei
son to be insured. Blank forms OF application
for membership will be sent upon application
Ag.nts are not allowed TO receive money Blu
In the form Of a check, daft. or postal order
made payable to the order Of W. s. CARMAN
| Treasurer,
Each member ought to try TO make new men
bers by so doing he benefits himself. No lette
will be noticed that does not contain three cen
postag stamp 10 prepay return postage.