Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1879-02-20
LIFE INSURANCE..
Attack on Mutual Aid Associa-
tiOns.
Columbus Herald. 10th.

Columbus Herald, 10TH a
Within the past few years the citizens
of Ohio have discorered that. for the hum
dreds of dollars paid to certain of the old
line Life Insurance Companies as pre-
miums, they can procure, in cash surren-
der or paid-up insurance, a very small
amount of the original Investments; and
because of inadequate returns for such
liberal contributions, it became necessary
that some more equitable and just protee-
tion should be sought than was offered by
such old style Insurance. Hence the or
ganiZation and successful building up of
quite a number of Mutual Aid Associa-
tions within the State.
The members of such Mutual Aid Asso-
| Citations Outside of Masons and Odd Eel
lows number to-day u, 900, among whom
are many of the best men in Ohio-iil-
Guiding the Governor, Secretary of State,
| Attorney General, Treasurer. of State,
Clerk of the Supreme Court, Judges,
/ Doctors, Bankers, Merchants, Mechan-
! les, Farmers, and men of all professions
| and trades. t455 .ssf So .alf..sE
These 70, 900 citizens have paid for this
protection over $1,000, 900, and are per-
/ fectly satisfied with the protection-so
much so that one of our leading associa-
| tions issued 727 certificates within one
month"; These associations. require a
small amount to be paid in advance; the
death claims to be paid when they occur.
j. The accumulated millions held by some
of, the old time Life Insurance Compan-
les as a areserve, have been. the means of
| sending many of their. officers to the va
rious penitentiaries of this country, as
well as working sad disappointment to
hosts of their policy holders eWho have
stinted themselves to provide for their
families, and awakened finally to the dire
Illusion that their phantom had flown,
and left them standing in; lunatic destitu-
ton. The Mutual Aid Associations pre-
ferred to leave the amount demanded for
a reserve by these old style companies in
the hands of the assured for their own
handling and enjoyment. i: ilesl
Such has been the success of these Mu-
tual Aid associations in Ohio, that some
of the old style companies have found it
necessary to invoke the protection of our
, legislature as against said associations
or rather they ask the Legislature to pro-
tect them as against. the citizens of our
State, and permit them to monopOlize in
surance. If such is not the intention of
House Bill No. 40, introduced by Mr..
Dodds, of Hamilton, will some friend of
the Bill please inform the public what
the real objects are? Have the citizens
of Ohio (for whom the members areisup-
posed to legislate) asked for such bill !?
Have the 20, 900 certificate holders petit
toned or asked the Legislature to enact
such law, and repeal one with which
they have, by their actions and inYest-
ments, expressed not only their satisfac-
5 ton, but their sincere gratitude, that not
: withstanding. they have been imposed
upon by certain old-time companies, there
was wisely provided a better and less ex-
pensive means for the same protection,
!, by an intelligent and considerate law
making power?
Before voting for this Bill, would not
| | our Representatives better consult their