The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-08

The L. Il. A, is not an insurance company
nor secret society, IL is simply an associa-
ton Of the good citizens of the state OF
Texas, whose object it is to protect their
families in case of sickness, disability, and
ut death.
1t embraces all the desirable features of
secret orders, Invested of all redundant
complications and lodge paraphernalia.
Ihe incorporators are all men of the high
est moral and financial standing in the
state.
THE operations of the association are
strictly confined to the state.
None but residents of the state OF Texas
are admitted as members, but when once
admitted they can move wherever they
please and keep up their membership.
None but healthy, moral and temperate
persons of both sexes are admitted
In celebrating the plans of the Associa.
ton, the promoters, all men of business ex-
perlence, had before them the detailed
plans of all similar societies and secret
orders working in this or any other state:
they endeavored to and trust they have
arrived at system embodying all the ad-
vaniages offered by these societies, and ms
lar as the subject of life insurance is con-
| cerned, they believe they offer substitute
when, whilst 1t saves 20 per cent To its
members, furnishes reliable means of
| protection for their families after their
deaths.
With respect TO the excellent orders. such
as the knights of Honor, Legion of Honor,
etc, although we admit they do noble
work, we would state they are started and
iostered IN iar-dislant states, who do not OIL
low such societies formed out of their Dor.
ders to work within. and their central OF
supreme administration is maintained in
distant states; whereas we are strictly
Texan and every dollar paid into our asso
citation remains in Texas.
with regard to the grade of assessments
we would call your special attention to the
fact that all societies, working on the AS
sessmcnt system, are bound to conform tc
the same mathematical principle, whatever
the amount of the assessment may be.
Low rate OF assessment is 10 economy tc
the members, as the lower they are the
more frequent their occurrence to keep uJ
the fund, and as the expenses of postage
ana clerk hire is the same for a genera
assessment OF ten cents rs for one OF $40 |,
requires no argument to prove the econ
omy. We have therefore graded our assess
ment on the strictest rules of business dis
patch and economy.
The number of assessments annually are
OF course, governed by mortality-and tn,
Official tables of mortality provs that the
average deaths between the ages of Is anC
90, from all causes, including horcditar,
consumption, scroiula, insanity, etc, |,
only ten in 900.
But by careful selections of risks under
strict medical examination, two societies
working under the same principles as ours
have paid nearly three.quarters of million
dollars in the last eight years. only reauir,
ing four to six assessments annually 10
cover all the losses.
But even if we should realize the fullest
recorded rate of mortality and require ten
assessments yearly we still offer an economy
OF 30 per cent. on old plans
we have the 'urther advantage even over
the best orders now in existence, that being
n young and active organization we mr.,
likely TO have less losses for the next few
years than they do, us they Naturally hay,
many old members whose health may hay,
become impaired since they joined.
Our system can be summarized us follows
On making application each person pay,
the initiation fee, which Is graded from i.
to Sl2, according to degree, each degree re
presenting from 81 900 TO 5000 maximum
death benefit. Applicant also pays from 81
~ for first quarterly dues in advance
Medical examination has to be paid by ap
plicant,
The iirSt advance assessment, graded &C.
cording 10 age but remaining at same rate
daring liie), is payable thirty days after
date of application This remains at the
cicdi, OF the member In the benevolent and
Z rclict fund, and no assessment is made till a
death occurs
Each member is required TO keep one MS.
scsSmeni TO his credit, and no further AS.
sessment ia made until death occurs.
For constitution aud by laws, address X.
u. Parrott, business manager, Waco,
| Texas