Orangeburg times. [volume] (Orangeburg Court House [S.C.]) 1877-1881, 1878-02-09

the sacred duty of life insurance with
speculation. Though often impor-
tuned 1 thought never would have
anything to do with it, but unfortu-
nately for me I was attacked by two
oily tongued agents, (they beat tho
tightening rod men in perseverance,,
and they captured me after hard
| struggle on my part, the result was
the failure of the company and the
loss to me of hundreds of dollars.
How many are there here who have
had the like experience | then de-
/ termined to have nothing to do with
lie Insurance until some safe and
more practical plan could b, found
The desired plan found in the Mo
tual plan of insurance. This plan
met ny views Of what Life Insurance
should be-
When insurance can be had in q
Company managed by good, faithful
officers, hold that man is dis
charging n most sacred duty to his
family when he takes mcmbershi D
and provides for those dependent on
him for help in their time Of sorest
need. cannot better illustrate tn e
good of such societies thai by givin e
you letter received by the Secretary
from one Of the latest bcnefciarics f
the Ilimira AID Society She writes:
L cannot express my gratitude to you
and brothers i'll our beloved O:der
Tor the benefit received through the
Aid Society. 1t will prove of great
assistance to me and my family Us
there were claims against our home
which would have been impossibl Q
for me to meet had it not been for
the timely aid received from your
society" The husband of this lady
was highly respected farmer in tn c
prime of lite; he had enjoyed excel
lent health up to the time of his
death. He was killed by his team
taking fright ard running intp train
of cars /; his widow received from the
Socie y 81 ,00''. Similar letters have
been received from ether eneficiu-
rics, and the members paying their
assessments do not do it grudgngly
ttnn- ,aj. - oc.,- AZ, .-s--uA ,.-,,.,
the gratlfi alton it gives them TO con.
tribute to aid Sister or Brother
in their hour of need. How differ ent
i'll all their workings are these Soci.
eties, which are built on the solid
foundations of Brotherly Charity,
from our stock Insurance Companies
which are built OH the greed of man
Tor money and are managed accord
ing to the principles of all monopo
lies? But say insurance agents,
your Societies are ropes of sand"
venture he assertion that they are
more enduring and secure than the
monopoly companies let Que of them
speak for the rest. (Here we have it y
These Companies now number Al.
Six years ago there were 50 Life In.
>surance Companies doing business in
the State of New York. Twenty
eight of them have ceased business,
and mostly been absorbed by other
Companies. In each of these %
cases this result has been brought
about by high expense of manage
ment. Insurers should then look
closely to this all important point in
Life Insurance management, for
large Epense rati, not only doprives
poiicy-holder of the dividends that
so justly belongs to him, but may
drive the Company from business
entirely.
During the last six years % out Of
50 have ceased to do business The
people are dropping these costly
institutions. They took in money so
rapidly during the flush times, aud
i'll the early stages of insurance that
the managers became outrage ously
extravagant, the money was ruthless
ly sqnnndered and rs soon as payment
commenced and receipts grew less,
their worthlesness began to manifest
itself. The panic was all that was