American citizen. [volume] (Canton, Miss.) 1864-1890, 1874-01-10

MADISON Co.. Miss, Jan. 1, IA

(C00mooA0o8oo.
MADISON Co.. Miss, Jan. 1, IA.
NJ, Editor In thoR1eGnn6I,
paper published ut WinOna, MlS9lrs
in the int. rest OF the Co
operative Life Association. OF Miss
iss,ppi, We find an article entItIeti.
"a com parisOn Of Rates" euianating
No doubt from the pen OF sOne Pc
cxliariy gifted actuaiy, IN wmcn
n rsu,,Ous effort is made to establish
the cAeapness Of the Go operative.
-. comparison is drawn be- ween
nnasi alive and the American
- Co. sAd in it we Ob
eve seme very profound calcutta
tiOns. resulting III sage cenclus'"ns.
New. we are not muGlS of an lnSur-
Snce man, although We have n small
pOln.y, we have mot devOi ell all our
iitc-esrs6gSssdS0e shss great science,
nevertheless We have ssR idea or two
on the subject which We would like
10 advance, and one Is that AxsMr
ARce, as we understand it, il AZ
nearly syn,ny NOUS with eccarify a.
it Is POSSIBLE for two words to Os., for,
If ,le pay men. "f "A poascy Is not Sc
cured, the policy holder cannot III
ANY proper s-use be sasd TO I've as
sxyed. Stripped ut all sup-rfiultles,
a -surance can be sad ie involve but
t,co considerations, viz: The prcsst-
ann to be paid, aud the amount to be
realised, and both IT these every
! ~ u,ient business man will have dis
tinctly and positively understood,
else he will never know what hs- will
be required to pay, or what bis fam
| liz is 10 receive.
| Without stopping to examine this
g;tted actMdry's figures, the premises
IF which exhibit the tact that he
s'reckuns wi. hOut his host" We pass
To his remark that mo stronger
proof Of the superiority OF our sy~>
tenn over the other coul.i lie desired >
Ia this declaration We do nor ques-
ton the gifted actu.rs's entire con-
fiience, but beg leave to enquire
what he would have US consider
mn.ier the head of ''superiority."
Wherein consists the superiority of
any business Now, We have an
idea that advantages, with erery
guarantee Of Pssitsce, absolute Ger
taiMty OF tas,ir being l'e. formed 60
very far towards cOnss ituting sMpe
riOrity.
Ii you can agree with me, there
fore, that assurance has but the two
points, aud l think it a self-evident
proposition, it follows, that the
com pany looks out tor the one, and
the policy holder for the other. We
may be assured that the company
will get our money or cancel our
policy, and thus relieve themselves
of liability, 50 they are secure. The
next, and to us, most important
question which presents itself to Us
Is, having paid our money, how are
zoe secured. reply, ordinarily when
policy becomes q claim If the
company Deglects or refuses to pay
lit, the Courts Of the country are
, open, and there ia no bindrance to
the policy holder enforcing his clair,
by the strong arm Of the law. Now,
; let us briefly examine the superiority
, Of che Co operative system. In case
, , Cooperative nrglects or refuses
10 pay a policy. l would like the
gifted actMary to inform us how We
: are to proceed. have understood
: that the policy says the Company
, will pay at least elOOO. Very wei'
, now rhO constitutes the Company
P Who is authorized to acknnw led &c
? service OF process Z Against sohOn
r .c0uh the salt be BROUGHT We ar.
= Old emphatirally, that every POLICY
holder is a member Of The C..mi,anS
then would u man sue every policy
holder! II 40, he at once .bec''mrs
plointif and defendant i" the same
, suit, aid perci,ance, at last, admit
! ting the awkward suit to progress
! this plaixtif and defendant, still CD
operating in everything, obtains q
!. Judgment against everybody in gen
! eral and nobody in particular, and
l following to its close the CO-Opera
+ tive farce, we fi"d the Judgment rem
, Giered against a large number Of in
; ts0lrents, leaving the deluded, unfOr
tunste Co-operatOr TO adjust, in :
. great measure, his own claim, ans
b Tor allowing himself thus CO dipped
: ne has the pleasure Of paying his
assessment for ''cOst Of suit"
EA'HhuAVS, i"h'y anu inip"AC '"''H
the Go operative" system, we arr
sorry to confess, (for this ia Oul
s.hOme institution" and many gOOf
men have Insured in it, OF think they
have, for this very simple bur films,
reason, rs We think, aud believe We
can easily show. We repeat, We
are sorry that we zee none Of the
security which constitutes the second
of he two great considerations EN-
braced in all assurance, nor Cal
We agree with the gifted actu0ry thai
any Cooperative Is cheap, for the
.. experience of by far the greater
portion of all co-operators, is, thai
!. they were dear TO the full extent o.
= the assessment paid. In lieu q
: ''snpe, iOrity,' so called, We insist
that infcriOrity, or uncertainty more
accurately express the quality o.
excellence in these concerns"
For correct term, let us see how
Mmccrtaix would read. LIST. UMce,
tain as to what amount, if any, viii
be paid on any policy. I'd. Uncertain
as to what amount will be assessed
, ON any policy. 3rd. Uncertain al
: to the time when assessments viii
3 be made 4'h. Uncertain as to CLAIM