, 1880-04-21
THE COOPERATIVE CRAZE,
The Ups and Downs Of Imitation
Life.fnsurance in Penn.
sylvania.
a Company Which Rates Itself Above
!" Any DEGREES from, ANY
Court Of Law"
PrniseMortlty Efforts Of tho Stnto OIL
clals 10 Check tho Spread OF
the DclnsiOn.

the Dclnslon.
-........ ---
Pn'LApEfriifA, m, April lamMheh w Jay
Cooko 4 Co. trlp1'ed a''d isll IN is.s. ana nal
,lla trade, co's1cs @ and Ind, industry Try, Of Of, t,'o %
dismal du]Ineas fur the pcxt nix years. Tiers
orasa ,,.,'1 ,Is ,ust .f IN nj. ,w, NJ ,hrca ~
arose from u,a u"st VI pa,i'e XIII s"n .. ''co u
'c one ss. was the Ieiief that lux q money
wus tho gru,ul cause Of the National distress,
AMI anil M ,hat tle @ SIMPLEST way to cure It was to
,r..a a ,',hs tot oar,ni gr,sn nr,nl,.I n.er ,vns
money, and manufacture It iii huge quaMsl-
| ties for general distribution aud use. This
notion was plausible enough " enlist 'naIori-
Ivy IN eon.a.e' a.u even ,. ",,o, ~ nnS Sss, ax.
Political cAmpnigns Efew ont ni aha were
fought oysr II au Gpeenoa3ckiMs ,pv s 3c siM H. S ,h s
llucll III issut " ule mh5 ~ URN ~ 2uuta
ton tow IL not 50 nncn oeeause peoliie ilaso
| shunehly eeasca ptihE cicnA!ous ns ~ ~ ";
, egcn!ll't, o. rensWed ouslhess ae'''l'' "na
aha Anotfer ptHi ae3sail which originated during
tlo harti tities-or Whlch II ~ niM moi
u!eh orislnaM Wolkeo % nn," "MfespIetu ~ ,1';.a..
prominence Solely pm ,;aH mf;cnHnL u 'Iwss .st
gloo'ny ysafsI1;wns 1;n ts neie. H. s1at tne pess
Way - obuitil ii1e insurance mas I01 ~, nt. ~,
per 81 men 70 ,,lt!suFen one naloLtles 9n uie
c2'npea"se man amf a,,G lfs nt,ar r'r ,,s.,no tv
plle,G. a. Eknt ~ % t,t.n u1t. t,. en
thongllttul msn pronounced IL aSro,,g wro,ng ~
eGoIs a'4 ui'aeasip'e ~. u. platc.tGe' .ts' sa ~
crazs over asain e on on ssSi seae Il but u lie snail
Outline !!lSinynranes #; coiMpaniss IA Ind failed,
ana Welo st 1ng. wv USELESS ~ Som
izea or rascally inanaget reeu.ar coi,ila'ies IS
iad gone 70 PIECES. aila that IN pfopnrti1ht "a
e u1 ol MS Vsfss !u .,at. ha snf =.
s is is 'sfs snis tu east q I'll q eaI NJ
I.ls tates !lad osaalneu anolaeI reign q H. e..
nssioa. aia nMl w. nSen :. upon LUG aoulan ol hlo
"EcopeTat1ysn companies Increased f,l ana ,,,t
multtplted. Ihcy wcte started spllietiMes ny
tliose WHO hea geei! ai!saeessstaa OF ais'A1n.
9rn Ess y u 1t bv t1oss Via meyer cialmed
Sfen who would have htsitittd 10 boil pots
toes or s.nrt stleeti,eotler apptSssana ao, pe
cauee OF thelr inexpeIiehce VIII tnnt soft OF
cookery qr Mofchaildis', ail not Iihlt ~ ~,
stant at tho task 1l ort:At,tztllE "eoopsra1tse
its.lnsnrance copn,,ites y. Il was e IN mew y,
proyiso1 10 ha Wdo%s and
q tileif iatrofis. u calsn iol hclte1 eHhe
rienee nor capital ir1n' tlle pfolecaots: 1ne
nottons & o. accafma,athg 1esgI4es' att,, ana OF
aseins. ff1 fataie g eontIesneles, yefc desisfsd
! nisl-fashlonc!l, If not absolutely wicked ny
, tlnse APOSTLES OF the new dlspeMsat'oe,. on,
/ All tlat was necessary to guatantee
| Fc44tCL 4AG44AsaiA!ieo "s AS'AtA ~oos
, was for number OF men to aEree
TINT when one ot thenl Hiea ~
/ the rest Should pay q ceIlaiti Bnlall
assessment nplece, the aggregate sum thus
gnt!lcrcd each tlMe to be promptly paid over
to the widow or other previously indicated
beneficiary OF tho deceased, 0f course q
lElntHe AIaCkiot u Ln15 "4ts ~ W hGlt tui LIT
expense OF Inc "e00neIa!lvt tteslucIlt,
, Secretary, and other officials; but the whole
9 cost WIS 70 bc much less thall n the g old
form Of llfe Insurance. ule inter institution M
Old-tIlMe delnsl0ns of Etdorndo 1uld, Sout!
Sea bubble, or tulip mania never grew fastel
|. nor counted 1nore adhe!ents tllAn diu til'S
t fAliacy or cooperative" Mte lH5uFuncet nllu
= 1t is today broal-spread chlmera, devout!,
Il believed In by tens OF thousands Of people IL
q every part Of the United States:
coutIiinn tInn my sirniinr tr,.n nj rnuntrv i,