The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-05-19

II WIN &c ucccf s"". ~ -
what hss been wanted IN America years
ago. Il hos che tendency OF promoune Tue
happiness Of reciety by making asss'anee
in the event Of marriage success. ine su'
yantages which this Association anoras 70
life insurance ore romarkab'e. III TUG
first place. yon wih not nave 10
die for the sake Of receiving tue
amount you ale insured 1ors ou.
receive II during life. aod may ENJOY iu''
benefits of 1t .witb your family In tue Sc
cond place. you will not have to be mem
Der for lifetime, but receive benent s'ter
the expiration OF one years membership |,
and the third B.ace. member VIII uot v.
charged with premiums ana assessment s,,l :
fees during the whole oil his Tue, nA.
member In Iife-insurance. Shouio 'n's as
ISOLATION have accomplished, 10 sohe ue'
gree, the purposes for which u was lhtenu,
ed--ytr.. to help people to happiness anu ~,
prosperity-ihe originators OF the sane WIZ
feel amply rewarded for tue trouo,e anu
probskle criticism which all new uhuerVaA-
ipgs are liable toencOunter." T..
The prospectus then goes Oh 10 give
" some OF
THE STRONG INDUCEMENTS
offered 90 become members oil the Assoc'a'
tion," "a follows :,
:. Fws,. This company takes risks on all
single Bersons between the ages OF Ten anu
seyenty-dive years.
"Seeoua. IL takes risk on the assessment
plan with the non iorfeiing added wnicn
secures the amount paid into the company
Inv the assessment Gpon marriage, or some
fn,ure time fixed BY the Society, aiter De-
;na a meu,ber of the Association for three
years. ,0o,;ood
nv the agent or medical exaDiner. we
want no medical examiner.
"Fourth. The company guarantees 10 pay
over within ninety days upon tue marriage
OF a member ,..
Fifth. 1t is strictly mutual; not dollar
OF the assessment money will be rsed lot
any other purpose but for collection, mitu-
rily fund, and marriage.
" Sixth. The funds are In the HANDS OF toe
members Themselves until marriage occurs.
when an assessment rs made, and the money
paid out only on the most positive proof
ina, airiage really occurred"
Following this IS
THE PLAN OF TIE ASSOCIATION,
o. piyen below All unmarried perssos,
male and female, without distinction OF
coIor. between the ages OF ten and seventy
five wears, are eligible to secure cerllncs'e
for either $1,000 $4,000, $4,000, $4,000, or
- 400 Mt the following membership rates.
For $1,000 certificate. Sc; for $1,000 GER
ti6.a,e. S12: for $4,000 certificate. SIS; for
"a 900 certificate, 1874; and for S5,OOO GER
tiGcate. $50. Persons must be members OF
the Association one year from date OF their
certificate before they are beneficial, and
any member marrying before they are a
member one year from date Of their certiti-
cate will forfeit their certificate and all
claims on the society,""
II is stated that marriage assessments are
graded according to age, anu taole, Dased
on a 81 900 certificate, Is given. Tue as
sessment for a person ten years OF age II
30 cents, while the assessment OF one VINO
has reached the ripe age of forty-six years
il 80. This gradalion is absurd, as per-
son twenty-five or twenty'three years OF
ace is much more liable to take life-part-
ner than one who has reached the shady side
OF forty.
Mr.. McAnich stated that the Association
had headquarters in Harrisburg, Pa, and
branch offices in Chicago, Detroit, Cincn-
natl. ana other western cities. ln each
State in which the Association transacted
business heavy bonds were filed with the
Insurance Commissioner, and policy
holder could suffer no loss" This will be
news 10 the Illinois Commissioner.
In to date 531 certificates had been issued,
S1G,150. The gentemanly
agent then hlnued over circular which he
said would give a thorough knowledge OF
the Associations
PLAN OF INSURANCE,
together with interesting facts and figures.
II was signed by the secretary. and read as
follow: 1--WE organized and were charter
ed. and received the copyright OF our plan,
December 20, 1880; began operations Janu-
ary |. 1881, Notwithstanding the criticisms
with which this new project met, and in our
infancy we secured 1885, 900 insurance the
first month. The following month tFe0ru-
ary) we reached the large sum OF 5000,
and the next month (March) the astounding
sun, half million dollars, being within a
fraction double the amount OF the first
month. and the sum total OF three months,
81, 15l.000.
1--WE have members ten years, twelve.
fourteen, and quite many sixteen years old !;
this number, added to those who VIII not
marry when they become beneficial, consti-
tutes about two thirds OF our present men,
bership, hence reduce assessments in the
same proportion. The amount Of insurance
effected in January. 1882, if 1t Is simply
eoual to that which was effected in January,
1881. will reduce assessments very mate
rally; but contend that we will receive
three members in the place OF the one mar
rying; aud in that event the assessment
upon that amount alone would pay for five
marriages.
"Having now given you exact amounts
of insurance effected the several months,
hope YOU will be generous enough to be-
ijeve that il we have been able TO secure tie
above amount in three months Of our in-
fancy. am certainly not Oyer-estimating
when say we will have at least five million
dollars subject 10 assessment by January /,
1882, and in that event one assessment pays
for thirty.one marriages, and the above
five added equals thirty six marriages,
giving each $3.50. Now, remember, |
have not taken into consideration the
mlterjal reduction of the two ninths
who are too Young, and the certain per-
centage that do not marry when they
become beneficial. Now, then. | think |
have demonstrated beyond contradiction
that one assessment paws for thirty.siX mar
riagos If We secure the s. 00S, 900 insurance.
CHOW, in conclusion, let me say TO you.
gentlemen, II you cooperate with Us. which
is rot only an interest to the members OF
the Association. but 10 yourselves, we will
secGre Is, 900. 900 when assessments begin"
In reply TO the reporters query rs to
what course he would have TO pursue TO
TAKE OUT A POLICY,
Mr.. McAnich stated that il he desired ia
take out a $4,000 policy be could pay So
down, or So per $1,000, ead that he would
become a beneficiary in exactly one year
from date OF payment. AT that time he
would be obliged to pay 81 per $1,000, OF
$40, for annual dues, which amount weHi