The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-17

Ihe obiect OF this Association IS 70 secure
cash payment within forty days after the death
members in the class TO which he or she belongs,
to his or her heirs.
MEMBERSHIP FEES.
The membership fees are sir dollars at joining
for lohich certificate Of membership tcil b
Trnished,) and one dollar and ten cents on thu
death OF each member, of which due notict
will be given. One dollar from each member
goes to the widow or heirs of the deceased mem.
ber and the ten cents for expenses of collecting.
This Company is divided into TEN CLASSES
FOR MEN and TEN CLASSES FOR WOMEN.
As soon as these classes are filed, ten new
Glasses will be adopted. Men and women are
not allowed in the same Glasses. Everything
dene to make each Class equal.
CLASSES.
A-Au persons between the ages Of Is and 20
BAH persons between the ages of 20 and IS
years.
C-An persons between the ages of IS and 30
D-An persons between the ages of 80 and IS
years.
E-An persons between the ages of IS and 40
years.
F-An persons between the ages of 40 and IS
years.
GAIL persons between the ages of IS and 50
years.
Hail persons between the ages of 30 and IS
years.
I-All persons between the ages of IS and 60
years.
Kali persons between the ages of 60 and ss
years.
The Glasses for women are the 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 $4,000 members. Each person pays 90
upon becoming member, and si.lO each time a
member dies belonging TO the same Glass he or she
may be member.
4 member of one Glass cannot be assessed this
dollar u q member Of another Glass dies. Each
Class IS INDEPENDENT, hdUin9 no connection iciut
any other.
Glass "a" has 5000 male members. A man dieo.
The Association pays over within forty days
$4,000 to the widow or heirs, and the remaining
members forward within thirty days one dollar
and ten cents each to the Association to reim-
burse it. Failing to send this sum they forfeit
to the Association all moneys paid, and the As.
ISOLATION supplies q new member to fill the place
of the retiring one.
ADVANTAGES.
The advantages Of this Association over ordi.
nary Lite Insurance Companies are: No panics
can break it; the fees are so small, and required
to be paid at such long intervals, that any man
can secure TO his family competency upon his
death
HOW TO BECOME MEMBERS.
rAny one desiring to become a member may
apply in person, or must send So, in check, bank
draft, postal order or by express the expressage
being paid by the applicant. Under no eiTeuni-
stances IoiH the Association be responsible for
MONEYS sent bat ia this tcdy. Accompanying the
money must be a paper giving the applicants
full name, age, birth. place, present occupation,
who the policy is in favor Of pOstoffice address,
town, county State. Also a Medical Certificate,
setting forth the physical condition, and wheth.
er in the opinion OF the doctor examining, the
applicant is a proper person TO be insured.
Blank forms of application for membership VIII
be sent upon application.
Each member ought 10 try 10 make net0 members;
by so doing he benefits himself. No letter wall be
noticed that does not contain three cent post
age stamp to prepay return postage.
INVESTMENTS.
The bylaws of the Association require that
one third of the money received as new mem-
bership fees shall be made a sinking fund to
meet payments falling due BY the delinquencies
of members. This fund is held by the
NATIONAL TRUST COMPANY,
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.
LIE Il UNDS.
The remaining two.thirds, after paying the
expenses of tho Association, shall be invested
in Real Estate in the city of New York, OF in
bond and mortgage on property in the city
Now York, the interest of which shall 90 to pay
the current expenses of the Association. If
deceased member leaves no heirs the money
becomes the property of the Association, with
the prsviso that the expenses of burial shall 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 forfeits all claims upon tho Association
and also. fOrfeits all money previously paid. In
the Pacific States this time is extended TO sixty
DAYS A member having no permanent resi-.
dence must notify the secretary, and appoint
to pay his fees.
when members choose they can send ten do
lars and fifty cents to the treasurer TO prepay
their fees which sum will pay for ten deaths,
thus saving the trouble of sending sl.l0 each
time, besides a saving of fifty cents. No man
is so poor that he cannot pay % now and Sl.lO
thus securing 5000 to his heirs.
The average number of dollars each person will
have to pay to secure 5000 will be $50 per year,
a little over fifty cents per week. This makes
this mode of insurance cost about One-siXth
What they would have TO pay any regular insu-
rance company for $1,000 policy.