Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-09-06
MUTUAL AID
Furnished by the Various Matrimonial
Associations for Their officers
and Directors.
A Few More Figures by the Appears
Mathematician, Showing Their
Inevitable Fate.

A short time ago the APPEAL had occasion
to call attention 10 the matrimonial associa-
lions that like mushrooms, are sprlngiDg up
everywhere In speaking of these festive
corporations the paper took care 10 enforce
its position by a number OF calculations. A
few attempts have been made TO meet the
charges which the figures made, bat 1t is
hardly necessary to say that the result mas
not be en- very successful. The mere publ
cation of the names of those who have re-
ceived benefits and the amount OF money
paid out is a very neat way to avoid the
issue. Figures are wanted. The APPEAL
proposes
TO SAY LITTLE MORE
on the subject. In order TO convince the
public thai these associations will last, that
ihey will be able TO pay benefits say eighteen
months or two years after they started, the
associations must show their membership
for esch month, and they must show large
increase in that membership. They must
show where the money will be obtained to
paw all these benefits. The writer has before
him the prospectus of a mutual aid associa-
ton. Like all its fellows, it is very obviously
worded In fact, il gives no idea OF the
amount of money man has TO pay 10 ENJOY
it's benefits Alter many vexstions OF spirit
the writer has deciphered approximately
some facts regarding it.
roGET INTO THIS ASSOCIATION
one has to pay for $4,000 policy a MEM
bership fee Of SO. which goes 10 the agent,
and within thirty days an annual due OF 80;
also an advance assessment OF Sl 10 on eacn
$1,000. or 81 40 on the $4,000. This makes
So 40 to get in. Now let US see where you
are when you get there. Whenever there Is
| a marriage you have to pay on your $4,000
an assessment OF 81 40. According TO this
associations plan you can marry when you
please. Let as suppose now that 100 men,
| b4rs ioiu every month. Suppose that OF the
| 100 members joining the first month, one de-
| cides to get married at the end OF the month
| He calls for his $4,000.
| WHERE Is THE MONEY
| to come from? If the 81 40 were levied OF
each OF the 100 members, it would only
| amount to $40, or one-tenih oh what TN
| certificate called for. To meet the very hrs
benefit il would be necessary TO levy an as
sessment of $40 on every member. SO VI
have this association living brief career o
| one month, and every member out abou
$50 il the benefit of $4,000 is paid. II the!
refuse TO pay any more than the 81 ~, the
are out about S27 each and the young ma
who marries gets only about one-tenth c
what was promised him.
THE LATEST WRINKLE
| in associations of this kind, and the faires
| DeyOQu 10 Wuat 10 SdiiCo . %'ANtN
Endowment Association. 1t is not necesss
rily connected with marriage. Even it, how
; ever, is bound to fall through within fe
months after it begins to pay benefits. Tn
: plan is as follows: An initiation OF $40, sa'
is necessary annual dues s., making in a
SIS to get in At the end o. twelve month
an assessment of S. is levied among the ell
tire membership and is divided among thoi
who Joined the first month. If the membe
ship increases at the rate OF 100 montl
, those who draw the first benefits will pa
, $40 and receive $50, as any one can calcula
for himself. The man who joins seve
months after it was started pays seven asses
ments, $35, and his SIS, which makes IS
= In other words, he comes out exactly eve
The man who Joined the eighth month los
IS, the ninth month $40, the tenth mon'
SIS, and so on.
IF THE ASSOCIATION BURSTS
when the amount paid in equals the amour
paid out, the loss TO the 100 members lie
will be in the aggregate $49,5OO. Let
| now suppose an even more favorable cas-
For the sake of convenience we will supPo
that the first benefits are to be paid 8
r months after the concern started, and we vi
assume the following rate OF increase
membership: