Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1868-09-23
MANHATTAN ~
COOPERATIVE
RELIEF ASSOCIATION.


OFFICE MANHATTAN CO-orERATivE)
RELIEF ASSOCIATION,
No. 432 BRooME ST. NEw YORK
THE MANI ATTAIN COOPERATIVE RE-
LIEF ASSOCIATION is chartered by the State
of New York.
Tie object of this Association Is to secure
cash payment within forty days after the death
of a member of as many dollars as there ale mem
beers in thu. class to which be or she belongs, to
his or her heirs F'F'' $500
MEMBERsHIP FEES. .,lt5.
The membership fees are six dollars at Joining
ifor which q policy viii be iurnirhed) and
81 10 on the death Of each member OF
which due notice will he given. One dollar from
each member, and the ten cents for expenses OF
collecting.
INVESTMENTS.
The Bylaws of the Association require that
one-thrd of the money received a. new member
ship fees shall be made sinking fund to meet
payments falling due by the drhnquenc.eg OF
members This fund is held by the
National 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
xpenses of the Association shall be invested i )
real estate in the tity OF New York, or in y nd
and mortgage on property in the tity Of New
York the interest of which shall 20 to pay
the curIaDs expense of The ssociation.s II a de.
ceased member leaves no heirs, The money be-
comes the property Of the Association with the
provisO that the expenses OF hullal shatl lie 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 crnts within thirty days from date OF
notice, forielts all claims upon the Association
, and also fOreits all money Previously paid In
the Pacific states this time is eXte1ded to sixty
days member having no permanent residence
mus. notify vhe secretary, aud appoint repre-
sentative to pay his fees,
When members choose they can send ten dol
lars and fit. cents TO the lreasller TO prepay
lihelr fees which sum will pay for ten deaths
thus saving the trouble of sending Sill each
line, besides saving OF 30 cent No man is
IS poor that lie cannot pay Six Dollars now and
ii 10 Occasonly, thus securing So WO to his heirs
II he average mum er OF dollars each person will
tnaye to pay to secure $1,000 will be $50 per
year. q little over 50 cent+ per week. This
rakes this mode of Insurance cost aJOut one.
( sixth what they would have to pay any regula'
insurance Company tor S5,OOO policy.
This company Is divided into len classes for
men md ten classes for women. AS
soon as these classes are filled ten new cssse.
will be adopted. Men and women are not allow
eli IN she same classes. Everything Is done to
make each class equal. ..s... ...
CLASSES. Abb.
IN class all persons between the ages of Is j. ~
In class B all persons between the ages Of 20 " %
In class all persons betW the ages OF 20 4 81
In class all persons between the ages Of 80 Il 81
In class all persons between the ages of IS Il 40
In class all persons between HE ages OF 40 IL .
In class q all persons between the ages OF 40 ~ .
Kin class Il al persons between the ages OF 80 K 81
I'm clt,s all rsOns between the ages OF 80 d g.
In class all persons betweon the AGES Of 90 4 =
The classes for women are tie same az above.
ANY ore that is founli' to give his or Ter age
wrong will be expelled, and The moneys pain
forfeited to the Association. Each class is lin
tied to 3 900 members Each person pay. So up
on becoming member. and 81 10 each time n
member dies belonging to the same class he o.
she may be a member Of
A member OF one class cannotbe assessed thi
dollar If member OF another clasB dies. ! ach
class is INDEPENDENT, having no connection viii
any other.
ILLUSTRATION.
Glass "a" has o, 900 m lie members. A MAJ
dies. The Association pays over within fort
days IS 900 to the widow or heirs. and lie re
naming members forward within 80 days on,
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 thu
Association supplies new member to fill the
place Of the retiring one
ApyASFAa Esg
The advantages Of this Association over ordl
nary Lille Insurance ompanies are, no panic
can braak 10 the fees are 80 small and require
to be paied at such long intervals, thai any mar
can secure 10 his family competency upon b
death
How to become Members.
ANY one desiring to become q member mus
send S6, in check bank draft, postal order. or by
en- press, the expires age being paid by the appIl
cant Under 20 cieeumstanee will the Assotia
zion be responsible for moneys sent butin thi'
gay Agents are not allowed to receive money
but must ask for cheeks. &c, DC. Persons pa,
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 fsvoro
post.office address,. town county, state. Also Il
Medical Certiica setting forth the physica
condition, and whether IN the opinion OF the
doctor examining the applicant is q proper per
soR 70 be insured Blank forms OF application
for membership will he sen upon application
Az nts are not allowed to receive money bn
in the form of q check Oh ait. or postal order
made payable 10 the order of W, b. CARMAN
Each mem ser ought to try to make new mem
bers nv so doing he benefits himself No letie'