Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1881-01-05

this IS years as die under, therefore, this
table of expectations used by the New York
Mutual is certainly correct. Suppose only
20 Of the class would die the first year, each
member would pay 20 assessments of Sl.0o
each, also $500 arising from this 25 cents
extra, and the 1000 members thereby would
pay 5000 to the company, which, with the
So 900, would make So 900 for the first year
of your class. Now if the class could be
kept full till the 35 years expire. one men,
Der would pay his 81 900, also $3.50 TO ex-
pense account, beside $500 first payment,
also his IS annual payments of sl-Oo. Now
if this class could be kept full there would
annually pass into the company's hands the
! the sum OF this S., 600, and also, the 81 600
annual dues, also, the initiation fee On the
% new members, that enter to keep the
class full, this will bring the further sum Of
$40, for by this time they can discharge
their army of agents, and do the fine work
from a central office. Carry this income
along to the. end of 35 years, the time that
the class should expire, and you will furnish
TO these lovers of humanity the sum of 35
times So 200, or $40 900. But if the class
should not be larger than 100 members, then
you will still pay the same S5.0e at first, and
your regular insfallment, but your death
payments would be about So 90 per year to
expense account SIS, and if you should
live the 50 years, with a decreasing class
your heirs would receive one dollar, which /
would furnish the two half dollars to lay on |
your eyes TO keep them shut. if they have I
not been shut before. Now for this class of
old people, aged from IS to S5 years, aver
age age so years this class will pass away
in years, consequently there must be
death rate from this class of 200 per year.
This 1lll produce 2oC annual assessments
on each member. Now Loco times 5000
are $500 900 paid to death fund, but these
200 assessments that each member pays is
accompanied with 25 cents for expense ac-
count. which will cause each member TO
pay $50 TO this fund ; and 900 times $50
are $50 600 for the first year, together with
the 50 900 initiation fee will amount to S53,-
600, that will pass into the company's hands
the first year. Now the last year these
will receive a small amount,
50 that half this sum is fair estimate for
each of the i've years, which is times
s25, 900 equals Sl25, 700. Pretty nice ar
and this give us the key TO the
-eason why they are so ANXIOUS aboS1sfhe
Welfare Of the poor old people. This greet
income arises in very short time. Don't {
rou think our Legislature ought to meet
'nce in each century; then we might be Sc :
,ure 80 years from the action of sharps.
Why, few days ago a certain doctor, ac-
.ompanied by minister of the gospel, came >
Dver from Perry county, and insured the life
If one of worthy old ladies in Port Royal.
suppose the minister seldom reads, fsThou
halt taSe no money in thy purse, neither
NO coats" Probably he thinks there is
more reliance to be placed in an immense v
,olicy than in these ancient Instructions. l
But let us hope, for the honor Of his calling.
hat he was only a spectator to tha; transac- il
iOn- Ii he was concerned in this specula- 4
ion, he should have stopped on the top of
'uscarora mountain, as he was then nearer Z,
Heaven than he is likely ever to be again
he onlv real gOoc feature in these COM
'anics is. that after you have bought your
rit dearly you can draw out. Since old
,eople are in demard they should make
peculators pay well for their policies. 1t
, not every person that has the honor OF
eing 50 years of age, and sum of money Il
night cvne very handy with which 10 hire
ersons 10 guard your bed when you are Il
nio, ing the rest ths. should belong TO the 5
ged. .
And now, Mr.. Editor, perhaps l am all
'roug when l notice the great number of $
think the Millennium has Fl
ONE. This is but fraction of what might a
e written, and if you can find room for
his, since the ice is broken others will take 4
p the fight, and the community will be !,
armed, until our Legislature arises from 7
heir sleep. You never knew a more i'll
ensed people among those that know the
'olkings of Life Insurance Companies, and
arties interested are welcome TO the IN
ome, which will consist of as many anaIh
mas as dollars.
Yours, &c,
] l.