The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1877-05-05
FRATEHNAl LIFE INSURANCE.
LAoNA, ILL.,, April p, 1877.


n The Editor Of the WorkingnIan's Advocate
Ii Is too late in the nineteenth century
to take time to explain to intelligent
patrons the principle upon which Fraternal
Life Insurance is based 1t is enough to
say that what is aimed at, is to procure
said insurance at actual cost The success
Of other frsternal societies, has established
the truth Of the principle. Ii is in accord
auce with the genius on =eas- -I0vSS~s-->su
true Patron does not seek something for
nothing. All he asks is to procure hin
supplies, whether they are necessitigss
comforts, or Injuries, at their cost, allow
ing every one who has furnished labor ~
capital in their production, a fair compeaie
sation. So in the Life Insurance whak
we propose, is to procure for the familie6
of patrons, security against the reverses
wbic' often follow the decease Of the head
Of family and that, too without paying
a class Of idiers for doing what may be
better accomplished without them and
without supporting the style aud extrava-
gsnce OF living Of all who are connected
with stock companies. The statistical re-
ports Of the receivers Of the various stock
companies are startling not only because
of their exposure of the extravagance in
their management, but also Of the fearful
frauds perpetrated upon their victims.
The exhibits of these concerns show that
only about five per cent Of all the moneys
received by stock companies, 60 to pay
death claims, whereas the various fraternal
societies, in managing the matter them
selves, pay on death I. -ims an average of
ninety i've per cent. In addition to this,
the failure Of stock companies deprives the
holders Of policies Of even the small pit
tancs Of i've per cent. A fraternal mutual
company cannot fail, as long as the mem
bers pay their dues. Having little or no
invested capital, there is nothing to tempt
the cupidity of clerks or officials All that
the secretary can steal is one assessment.
Wisconsin, Indiana, Ohio, Pennsylvania,
New York, all have organized companies,
and are fairly prospering. The statements
Of their affairs show thoughtful care, aud
judicious management. The State OF Illi-
nois, which ought never to lag behind in
any great and noble enterprise, has finally
waked up TO the importancs OF this work.
Tie committee apPoiBtsd " III SsFsEY
master, have taken the preliminary steps
for an organization. The declaration and
certificate have been fled in the Office Of
the Secretary Of State, aud the necessary
blanks, with the Bylaws which have been
adopted for the first year Of the organiEa-
tion, will be soon ready for circulation.
Bro. J. N. Chambers, Secretary of the
State Grange, has been appointed Secre-
tary, until the first meeting of the men,
bsrs. The worthy master Of State Grange,
Bro. FoIsyth, is President Of the Society,
and will do all he can to promote the sue
cess of the enterprise. Patrons, it rests
with you to make the enterprise grand
success, or by your inactIon, to allow it to
become an ignominious failure. DO you
wiAh to secure those you love sum which
shall be secure beyond the accidents, mis-
fortunes or rascalities to which we are all,
in degree liable ! Then take out policy
in the Illinois Patrons Aid Society. Would
you do anything to strengthen the Order,
insure in our own home enterprise. 1t
will not only infuse into our order new
life, but Undue il with the mate cohesion,
which it now lacks. 1t is a principle which
is injured neither BY the opposition nOs
neglect Of others. Containing within it.
self all the elements, not only Of immediate
success. but Of perpetuity, managed BY the
men OF our own choice, subject to our own
Immediate control, what reason il there