The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-08-04
LON6VIEW,
Correspondence Of the Herald,

OF the Herald.
Lon .vIEw, Texas, August I'd 1891
The Mutual Self Endowment and Benev.
client association, whose officers and drec.
tors are citzsns f..this place possesses novel
and meritorious features enough TO warrant
especial notice. The novelty is, perhaps, in
the combination of two plans of benefit in
insurance under one head, the ordinary life
and endowment. Its merits consist in the
fact that its rests for its gu cess and perms-
nence on the mutually Of assessments to be
levied on it, members 10 pay endowments
snd death benefits. In thl, II specl it is sim
liar to the Knights of Honor, except that the
cost is less, and members are relieved Of the
Inconvenience of attending lodge meets
ings. The assessment plan OF the bene-
fcary orders is followed, but the payments
are on graded scat; the member Of twenty
two years Of age pays only thirty two cent?,
while tina member of iiity years pays Q ghty.
eight ceuts per thousand, the amount of GER
tlAcate being optional from one 10 four thou
sand dollars. The tables are made up from
the experience Of the best actuaries
The plan of procedure to become mem,
Der is this The applicant having been
carefully examined by his local physician,
who must be q graduate Of some legal medi
Cal college, forwards the results of examlna-
tion, with membership fee and one assess
ment for tho benefit fund, to the Home
office. 1he secretary of the association for
wards 1t TO the medical director, Dr. j. I.
Field, vi Fort Worth, and if his approval is
secure the applicant is member OF the
association, entitled to all its benefits and II
certificate for the amount of his insurance Is
issued. There are two forms under either
of which benefits may DO secured. Form
"A" is the endowment, and torn "B" the
ordinary lie plan.
A cerufica,e ON the endowment plan will
have five coupons attached, being payable to
the member if he be alive in term Of ears
depending on his ago when application is
made Tor membership. Thus man OF
thirty would have his first endowment
benefit or coupon fall due in eight years and
SO on, this table being graduated ON IN equi-
table basis. If the member dies his legal
representatives get the coupon unpaid. If
one coupon was paid to-day, for instance,
and the member died to- morrow his heirs
would got the next coupon that would Ia 4
due; but they would participate no further II
the benefits of the association.
Those who live derive the most bent fit
from their membership, and thus this asso-
citation may BIO said to offer premium on
living.
The average expectation of life of man
between the age of eighteen aud twenty four
Is fifty years, and his coupons mature every
ten years, while the expectation of life OF a
man between hfty.h 20 and sixty Is only fif-
teen years, and his coupons mature every
three years.
Under form "B" the benefit Is paid only at
death and the legatee of the deceased will se-
cure the full amount Of Ger iacste.
In the event of death OF the holder of
certificate under either form A" or "B".
an asses meDt is levied on the mem bership
to pay suoh death LOSE. If the deceased
was the holder of a certificate in form "B"
II Is paid rs above, but it under form "a"
only the smount of the clupon then due il
paid, the remainder of the assessment bel @
placed in the maturity fund, and in this way
a fund Is created to pay mortusry coupons
Ms they may come due. A member may
receive all his coupons while living, but
should he die after having received the
frst, second, third and fourth, he will got
the fifth, the same as il he had lived.
The officers of the association are gen,le-
men OF we'll known commercial standing,
and are bonded TO its members for slric,
discharge Of their duties. The treasurer.
Mr.. A. w. Morrison, Is a member of the
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