Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1868-09-16
MANHATTAN &
COOPERATIVE
RELIEF ASSOCIATION.
OFFICE MANHATTAN Co-orERATlvEl
RELIEF ASSOCIATION,

, OFFICE MANHATTAN Co-orERAT1vEl
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 men,
bers in the class to which he or she belongs, to
his or her heirs. r-.rf u
MEMBERSHIP FEES,
The membership fees are six dollars at joining
tfor which policy VIII 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 shat
one-third Of the money received as new member
ship fees shall be made q sinking fund to meet
payments falling due by the delinquencies OF
members. This fund is held by the
Nation al Trust 90,
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 so loaned.
THE FUNDS.
The remaining two-thirds, after paying the
expenses of the Association, shall be invested in
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 90 to pay
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 shall be paid
out of such funds, said expenses. however, not
to exceed one hundred dollars.
A member falling TO pay his fee of one dollar
md taN pnut. wit in nj flu from, data of
notice, fortelts all claims upon the Association,
and also forieits all money previously paid. In
the Pacific States this time is extended to sixty
days A member having no permanent residence
must notify the Secretary, and appoint repre-
sentative to pay his fees.
When members choose they can send ten dol.
their fees. which sum will pay for ten deaths,
thus saving the trouble of sending 81, 10 each
.ime besides d saving of 80 cent No man is
Sc poor that he cannot pay Six Dollars now and
10 occasionly, thus securing SO 900 to his heirs.
The average mum Der 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 for $1,000 policy.
This company is divided into ten classes for
men. and ten classes for women. As
soon rs these classes are filled ten new classes
will be adopted. Men and women are not allow
ed IN the same classes, Everything is done to
make each class equal.
CLASSES.
In class A all persons between the ages Of 10 d ~
In class y all persons between the ages OF 70 Il 20
In class @ all persons between the ages of % Il 30
In class D all persons between the ages of 30 x 81
In class j. all persons between the ages Of 80 d Al
In class all persons between the ages of 30 d 45
In class q all persons between the ages of rs d 81
In class II ali persons between the ages Of 80 u So
In class all persons between the ages of 90 u GU
In class X all persons between the ages OF 60 %
The classes for women are the same as above.
ANY one that is found to give his or her age
wrong will he expelled, and the moneys paid
forfeited to tine Association. Each class Is linn
tied to 900 members. Each person pays 80 up
on becoming a member and 81 10 each time a
member dies belonging to the same class he OF
she may be a member of. -.
A member OF one class canhot be assessed this
dollar ii member of another class dies. Each
class is INDEPENDENT, having no connection with
any other. -
Glass "A'' has 5000 male members. A mar
| dies The Association pays over within forty
| DAYS SIS 900 to the widow or heirs. and tie re
naming members forward within 30 days one
dollar and ten cents each to the ASSOCIATION u
/ reimburse it. Failing TO send this sum, they for
| Ielb 10 bNc AsoOCidbioh uii "ohSyS
Association supplies new member to NIL I'M
place of the retiring one.
ADVANTAGES.
! The advantages OF this Association over ordi
nary Life Insurance Companies are, no panic
can braak it the fees are so small and required
! to be paied at such long intervals, that any MAJ
can secure to his family a competency upon hi
death.
| Any one desiring to become member mus
send Sc, in check bank draft, postal order or D,
express, the expressage being paid by the appp
cant, Under no circumstance viii the Assocla
sion be responsible for moneys sent but IN thi
way, Agents are not allowed to receive moneys
but must ask for cheeks, &C., &e. Persons pay
ing an agent otherwise than by check do 1t a
their own risk. All checks, &c.. must be paya
bile to the order of W. s. CARAVAN, Treasurer
Accompanying the money must be paper CIV
ing the applicants full name, age, birthplace
present occupation who the policy Is in favor oil
postoflice address,, town, county, state. Also
Medical Certificate, setting forth the physlca
condition, and whether in the opinion OF Jth
doctor examining, the applicant is proper pei
son to be insured. Blank forms OF application
for membership will be 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 W. 5. CARMAN
Treasurer.
J, Each member ought to try to make new men