, 1877-03-07
Collapse Of Another Machine for
Robbing the Widow and
Orphans.
The History Of the Protection Lie
as Related by Policy"
Holder.
It's Managers Charged with Perjury,
Forgery, Malappropriaticn
Of Money,
Aud thu Whole Cntagory Of
Grimes i'ccuiinr to Dis
honest Officials. ~
How the Mutual Plan " Was Worked to
Dafraud the Polioy-aoldars.
Assessments I.cvfeil 10 Far Death. Claims
and tue Dea,l Hen Siilt lfytng.
Forged Proofs Of Death Tnrgaa Enri.
al Certificates Forged Mo-
tarial 6ea1a.
Jasper K. Gooding'a charges ARnfnat
President billiard and 9ecra-
tary Edwards.

{4tFN NEA4
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Abont three year, ngo ahe Eationa1 ftfs.fnsnr.
ance Company, an inanranrs. .tor-coat company.
won't up. leaving few rsnt*' wnrtt ef atasionerT
and sona doubtful mortgages Al H. chief assats.
1ts.afatct Tho Protection flfe.Insnrance tumpany.
doing business on similar principal survived. ann
up tu tho present time har scernrd 10 bs prosper-
Gus. YeatcrIay. llowcycr. a bIll wnr ntcd hy
jasper X. Gaodin4, . policy y-hofact. aEainat tue
Company and Laurtn +. lIf11tard. A1anson W.
Edwards, Martin NTnn. John Rcfd, '5aapcr
u. Ward. Charles 1srted. and TIC Ger
man National l'nuk. In which Tim At.
fairs Of this cooperative fnsuFance company
arc shown up IN 4 most startltnE vay. The hlls-
CATIONS In The bill are very mnnto aud circunnssan'
tial. are nwurn to and alan supported By half \
dozen ailfdattts, and apparently ahow u harrihfY
rutten condition Of afTdtrs. The following stale-
ments aro all taken from the BILL b1t tbs formal
parts are omitted to make II more rcadahle:
Tho Protection ltfe' '1nautnncn Company was tn.
coFroFatcd under special act Of this staec. passed
March 2. 1907, which was amended In March.
1900, and has tince been doing ht.slncsf In this
and other Statcs under it, peculiar plan Of lifo.n.
suraucc, which Ia described ~ follows: All policy
holders and applicants for Insurance arr divided
Into classes according u Tho axo Ut Tho insured.
pcrsoua frnn ii 10 70 years Ut nrr forming ons
cass from 20 to 10 years another Glass; slosp from
Il 10 81 years nnother class. thoro from 81 10
tt yenrs another t]ass those frcu, 10 10 10 years
anotur class, and thosc from 81 to u, years at aga
.u1l anothe1 elass' Every person becoming heasea
Geaa.feo sso to ay mempeF.hp1e' varying ssoa,
Issued for tho sum Of 81. $50. sS. zoo. ors5. 1to
with the sttnu,at.l nretcm-nt that fhc n,snrctl
shall thereafter INV to bo Com,,any annually sun,
Of from 80 to 81 u.s. At annual mems,.h,n .s 's ss
coriing To the amount Of tho policy Of tho assurcd
and shall nlso pay 90 tne death Of any member Of
'ust proportion tascordlng to tho ase oy
which he ia cla*'ed and the amount ., lila
n,'', 49, Il, an ~, ;. l"u a".as
anu pay IN ia. Inc au'oaat ior wh'sh saen deceased
uu,ahcr Of policy .hodcra liable to contribute ex.
Cd member 10 assured. il tho "ansss Of policy
Sr II aa TO s eests II @ s' e.s% @ .1sns ~? @
n,aEa the nroncr nx.s..nen,. ,xtsn ,s,,1,s. ,lt.s
addipe 10 eeuss !" ZACH a,sc,snent 10 NV for ,,s
cost Of eollcesing tle snme. al.o axrecs to col.
leet these asse..ucn.s ~ trustees tor the policy.
hol4sra and bencaei.rlcs, and 10 pay o,er % Ito
amount esH thu 10 cents, on zach asscss"
,neat within ninety days OF every respective death.
mia aS 70, '5aesa ,e,t1,o 70 FGee,'s 1 The .u%s
turt ond ~ c1,le.,,,n ~ .s,...,nas..
"ats W. a.. & ana 9 lot ,a, sSee'oa or assessments
thu f.n,nnnnv NJ nvorv i:1nJ nrd rstn,o ~, ,.,,s
s"tsc. t,"t y, j.. ~, n.a1 nn @ =. hnn sIaS
psid. '''A' III 'ue assessments 'aaoe saa 10 ou's
For als,ut slx years past .hJ Protection LIte.Ln-
It iufaisbeu '"' "a's''''so ~ 'n' "o''e '"a'
~,xs,,r,.,r, ~. r
una ~. ,,Iass as1inIsnfAHea '1Ia,fnss 1T cosE,
1iIcv. hnnsry nv W H.. Win A. ~
ssa - w. 'os ths sole 9eneat ct te assurrd TINT
uembefs enttea VIZ tse,r ana os pa o ossT 10 ths
sMnaa pss TU,e toY onG m pd,a 1 en- ma
pany has issasd = Eteat lumber Of Po1tctes. r.
psasbs orr1f anE ~ aoer , a aswa q 10y ~ t. ~
~ R}hsm1 t,y every month. aad for several ycara
nss,fsxssa;% Aas taaaG Mohtnly assesaMentA
collected aud frequently been natd over. 1t haa
,amIrt NJ ,nsmict. w. ay aa" n, Geem ssS
icatt III i'm m Si nh nnlirx ma nsonosini rnis
amount On naiicS for r. Snn, ~" tx f"r,.Mv
har also yerttss lar tha n,t f,r xesrs thnt ~
sccurJty ~. H. mcnerss III !, ~ enn tu, ,;
inyc:tsa ii good sacusitIes. AA1 S"'0'''o sup''A'
mi y, " g.. .eso fepfesentntinna. R1afanteGs
Ooo;nx. ms.;o spnlira;ion g a nn h.