The Portland daily press., 1882-12-30
sECRErARY's REPORT.


accepted as follows:
sEcRETARY's REPORT.
AS your Secretary 1 beg respectfully to ie-
port that have received during the year: viz:
Deposits for admission fees.............. COL 90
Animal Assessments. -. ............ 672'00
Special Death Assessments. IL ,03600
Making my total receipts for the year.. $12 $685. 90
for which amount have the treasurers re-
ceipts.
There was at the commencement of the year
$40 members, and here have been admitted
during the year 149, making total of 1919.
There have died during the year -, Withdrawn
2, and dropped for noD-payment of dues 16,
leaving the present membership 988, not in
Guiding those admitted this evening. seven
applications have been de- lined.
There have been held during the year twelve
meetings of the board of directors and twelve
of the society.
The average length of membership of the
thirteen members deceased was five years and
eight months.
The average cost to each deceased member
paid into the society was $67, and the aegre-
gate paid into the society by all the members
who died during the year was $3.50 to secure to
their families the aggregate sum of $11 ,036.
The total benefits paid since the organization
of the society amounts to $4S,569.
As appears by the treasurer's report, the re-
ceipts from admission fees and annual assess
ments have not only been ample to pay current
expenses of the society, but leave handsome
balance to add to the permanent fund Of the
society.
Since the total amount received on ac-
count of the permanent fund was... Sl40S, "a
And the expenses for the year have been 1850
balance is left to add to the permanent
-, Iunu OK .....,.....,...., ~ 6ol.14
The balance last year was....,........... 315O.31
Haking the total permanent fund now -. s3s32.o5
The number of deaths since the organization
OF the society between 81 and 40 has been 10;
between 40 and So II; between so and 60, 20;
and above 80, "A.
Total number of deaths II, and the average
age of all members deceased since the organi-
cation of the society, now in its eighth year,
has been 30 IL
The average membership for the year has
been 938 IL.
The average death rate for the year has been
So per cent, or only one death in every 70
members.
Three death claims ure now in toe course of
collection, which accounts for the balance
$2532-now in the hands Of the treasurer under
that head.
All death claims have thus far been paid at
maturity.
The funds of the society being all invested
in savings banks exempts the society from tax
alton under the recent decision of the courts of
this State.
The statistics of no society doing an equal
amount of business with this have come to my
knowledge, showing so small running annual
expenses, as indicated in the current ex-
pense account of this society the past year, and
as have previously remarked, when is con-
sdered the strong and steady progress of its
membership, It's good financial condition, it
cannot but be observed that this society main
tains high standard as compared with all
other fraternal organizations throughout the
country, not only IN its mortuary record but in
point of cheapness, reliability and permanency
is not surpassed by any other organization or
system OF insurance.
Respectfully submitted
NJ n. RICH, Secretary.
TREAsURER's REPORT.
From Mr. Dan Carpenter, the Treasurer, we
learn the receipts were $16,93l55. including
balance brought forward from last year. The
expenditures were $10,5e750; balance of
So 1854 .05.
ADDITIONAL BUSINESS
Nine new members were admitted and TWEEN
ty applications were received, carrying the
membership to above 1000.
The amendment to the Bylaws, proposed at
the last meeting, was indefinitely postponed.
1t was voted that when the permanent fund
amounts to $4,000 all excess of that sum be APP
piled towards the payment of death benefits.
The following named officers were unani-
mously elected
Presdent--Chas. Morse
Vice President-Benj Kingsbury.
Secretary-M. N. Rich.
Treasurer-Dan Carpenter.
Directors-Charles W. Belknap, Edmund
Dana, Jr., VIM. A. Winship, Geo. A. Harmon
and Fredk. Fox.
Mr.. Joshua G. Morse having declined a re-
election, Mr.. Fox was elected successor to Mr.
Morse on the board OF directors.
Mr.. Ahern moved to amend the Bylaws,
which will come up at the next meeting
the County JAN.