The Wellington enterprise. [volume] (Wellington, Ohio) 1867-188?, 1879-08-21
p. m. Monday night, and called him out Of
bed, when q conversation ensued substantially
as follows:

p. m. Monday night, and called him out of
as follows:
What do you wanti
We came to see about opening a safe.
This is the wrong time TO see about opening
locks, at night. What safe is itf
State Mutual Aid Association. Our Secre-
tary is away Tor going away, or going to join
something of the kind-Mr Winder doesn't
remember] and we want to keep track of the
business, Tor words to that effect.)
At six O'Clock they came again. Mr.. Win
der, understanding that policemen, or some
responsible person, would be present, went
with the men. The watchman in the office
let them in. Mr.. Winder, seeing no police
there, "fooled with the knob of the safe a
short time and then went for q lung tester" +"
Mr.. II. E. Wildermuth, one of the trustees
OF the State Mutual Aid Association, states
that he and w. NJ. Spencer, another trustee,
were the persons who called upon Mr.. Win
der. Mr.. Wfldermuth was the person who
called at the office of Winder Il Royce.
From the best information at hand, these
gentlemen were working for the interest Of
the Association. Their method, however, gave
rise to the grave suspicion that somebody was
trying to enter the Office for another purpose.
Ii seems that Mr.. Stevens, the Secretary, who
came here from Newark, absented himself
from the office during business hours. He
had the safe combination. The safe contained
the ledger, journal, cash and order books.
Business could not be transacted properly
without these books.
When the safe was opened this morning, the
clerk Immediately missed the ledger, journal,
cash book, and order book.
Lyons Asks for a Receiver.
George b. Lyons, of the State Mutual Aid
Association has filed petition in the Com
mon Pleas Court looking 10 the protection of
his rights as . shareholder. He says in the
petition that he Is the owner of two shares or
two-fftteths OF the stock. and that while the
Association pretends to be joint stock COM
pany it is really partnership; that the Asso-
citation Is possessed of q large amount of
money and valuable property aud is doing
large business; that he has been unlaw fully
and forcibly excluded from all knowledge and
participation in the business and management
OF the Association, though . Trustee and Vice
President thereof; that he believes the Asso-
ciatton is about to transfer the property,
funds and business out Of its possession for
the purpose of defrauding the plaintiff; that
large sums OF money have been realized over
and above expenses and are subject to divis-
ion among the shareholders, and that the
m ssg 70 pay 70 piainsin his share
to enjotn the Association from transferring
its property, that a receiver be appointed to
take cherge of the business, and that his
share of the profits may be awarded to him.
Probably the management of this company
could give many more equally lucid explana-
tions of their late unpleasantness, but the fact
would still remain that enough has leaked out
to give the whole concern a bad odor and in
spire reasonable degree of doubt in those
seeking life insurance.
There are one or two points in their system
OF operations that merit passing notice.
This Association uses the ENJOYMENT
FEATURE as a bait to wheedle many into its
ranks who never stop to investigate or con-
cfd do tha
until they are minus the $40 initiation. They
are led to believe they are going to get some
thing for nothing. F- -
The young member must wait and pay as
sessments twenty-five or thirty years before
they can ever realize on the endowment, while
the class composed OF those between forty
nine and sixty years of age are going to realize
in twelve and fifteen years, and the younger
must pay them of. 1t is q "glorious cheat"
and the endowment day will never come, even
to the sixty-ave and y-four-years- old
fellows who are known to be members. But
even If the company should stand the storm,
it has been pertinently asked, "Who will Join
an association i,dened with old members
whose certificates are maturing on the endow-
ment plan at the rate of from thirty to fifty
per month, to be ssessed to pay these matur-
Ing certificates OF living members, and the
death assessments besides"
The principal of endowment is acknowl-
edged to be impracticsble and expensive in
old line life companies, and 1t is Just as e1-
pensive and fmpracticable In Associations
Again, this "Magnanimous Association
charges "no annual Dues" and seems to think
this virtuous and taking point, and many are
just foolish enough to believe that business
can be done for nothing. They allow many
Of their agents the membership fees in full
Tor procuring members. How then do they
pay expenses! Why, by keeping one-fourth
Of all the death assessments until the class Of
5000 is full, and then, as was said by c. 8.
Smart, the first Vice-President OF the Asso-
:iation, after that there will be more
aeaths between the ages of 40 and 60
years, and in this class we only pay
5000, we assess 81. 900, psy 5000 to oened-
.iary snd.put the other $3, 900 in our pockets"
They make their money BY death losses. The
more deaths the more money for the
1t is for the interest
of the members to have q few death
losses. Not so for this association that
charges "no annual Dues" Their cry is the
more deaths the merrier, "the more
DOOR risks we have the more deaths,
hence the more money. Welcome the dying
10 membership, for they never pay any annual
1ues, but do give US an opportunity for as
1t is absolutely shocking to con-
template the disparagement Of interest be-
tween the remaining so ocalled " stockholders''
Of this corrupt Institution and the deceived
members thereof.