Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1882-11-16

Something of Interest in Regard to

Something of Interest in Regard to
IEis Insurance Agency.
The SENTINEL does no hesitate to inter
pose between the people, who are its
patrons, and those who it believes have
frau dulsnt designs upon them. We re-
published yesterday a sketch OF one Major
F. G. Wilson, who is at present in Eureka
claiming to be the correspondent and
agent of the New York Sun. We did so
with the public good in view, and felt safe
in doing it, because the Boomerang is q
respectable journal and would not be apt
to speak of Major Wilson as it did without
having good grounds for its assertions,
and because from what we have seen of
the Major Wilson about town and the SEN
TINEL Office we were disposed to give him
o 'send- of" not materially different from
that which he received at the hands of Bill
Nye. We are morally certain that no
great journal, such AZ the New York Sun
or Herald is, the correspondent Of which
he p%retends to be, would send a man OF
such manners and habits to represent it,
even in the "rotten borough" which it
pleases those highly moral newspapers to
call Nevada. But We do not wish to have
the appearance of prosecuting any private
citizen, whatever his characteristics may
be. Our purpose with Major Wilson is
subserved hen we have put the commun-
lty on its guard against him; and we sim
cerely hope that he may prove himself to
be other than what he seems. In addition
to his alleged association with metropoli-
tan newspapers he claims to be in the life
insurance business. This sort of agency
is a delicate matter, and one Of which
people under ordinary circumstances can
not be too wary. The insurance business
is a game at which you can win only at the
price of your life and you ought to be sure
that you win when you die. A man Is a
fool who invests good money in al uncer-
tain and suspicious life insurance scheme.
He may impoverish himself during his
lifetime by such q tax, and probably leave
those nearest and dearest to him bilked in
the event of his death. There are good,
solid insurance companies with reliable
local agents in Eureka at whose games a
''square deal' can be had. II men want
to insure their lives they are the people
to do it with, not with adventurers. New
swindlers in insurance are springing up
all the time by which innocents are tleeced.
We do not know whether the company
Major Wilson has the credentials of
is a fraud or not: but we have a trust
worthy insurance journal before us which
says that it is. We refer to the Coast
published monthly in San Fran
cisco, of which the November number is
in our possession. For the benefit and
warning of the public we publish the fol-
article from it without further
comment:
of Another Cooperative
Assessment Association.
The "Mutual Reserve Fund Life Asso-
of No. 149 Broadway, New York,
has within tho past six weeks opened up
an Office at No. 40 Montgomery street,
San Francisco. Apparently this institu-
ton is a co-operative-assessment affair.
We have searched diligently for evidences
of its financial merit, but nave failed to
find any trace of it in a solitary commits
report or elsewhere. Evidently
the Mutual Reserve Fund Life Associa-
is one OF those peculiarly constructed
organizations which are neither compelled
nor allowed to report to anybody or any
where their financial operations. The
of the San Francisco branch con-
tain the statement that the admission fee
from So for a ST ,000-policy to $50
for a $40, 000-policy, but don't tell how
much it takes to get out. Also, that the
'annua dues are Limited to 50 on each
81 1000, payable in ADVANCE" and that "no
assessments will be made while there re-
in the death fund a sum sufficient
to pay a claim in full" There are no
officers, no surplus. Seventy-ive
per cent of all assessments are supposed to
90 into the death fund, from which losses
IRE expected to be paid. The other 25 per
,ent of the assessments are to be turned
to the tender mercies of "a trust
company in New York" to be held "abso-
utely free from the control Of the officers
IF the association" and under q deed of
for the members-a sort of imperium
inlperio, or a fifth wheel, as it were, to
,he coach. OF course it is apparent that
he public loving people who solicit for
his Reserve Fund Association are paid
,ut of the admission fees and annual dues.
n fact it does not appear tha* any part OF
The admission fees or annual dues are paid
pack to tho policy-holders or into any
1t does not appear that the officers
or managers of this association are pos
'essed Of any remarkable degree of under
ability. One Edward b. Harper
8 the President. John G. Angel is gem
sral manager in this city. We take from
The Investigator of Oct. 81, published at
Chicago, the following, which appeared in
is New York Letter:
"B. G.. Bloss has gone to the Pacific
Coast as the general agent Of the Mutual
Fund. which f. b. Harper is now
trying to build up. When W. j. Walker
vas friendly to his fellow officers in the
'old he said that Mr.. Bloss resigned be-
cause the old line companies threw so
much mud upon him. but it now appears
that the most damaging reports came from
Mercantile Agency in the regular
transaction of business"
We have not learned Of Mr.. Bloss' ar
rival as yet, but when he joins Mr.. An
band and sings the praises of the
Mutual Reserve Fund, we hope to inter-
view him.
First Assay of COmstOck Ore.