The Aberdeen examiner. [volume] (Aberdeen, Miss.) 1866-current, 1883-05-17
,klv settled as the oldest coun-

as thlckly Y settled as the oldest coun-
tries of Europe or of the Orient.
So long as the population increases
the membership Of the Order must
increase; 50 long as its membership
increases, we not only have assurances
Of its success, but that long do we
have assurance in the Order below
what it is actually worth. BY this |
mean at a rate so low, that if we live
average lives, according to statistics,
we will not have expended for this
purpose as much as the benefit which
will accrue to our beneIiciaries. This
arises from the fact that new members
are almost invariably Young men, who
have long average lives before them,
on whose account but few calls or as
sessments will be made for many
years, but who contribute to the ben
eticiaries of older members as they
pass away.
This and similar Orders have many
advantages over the cooperative life
insurance companies, organized in the
interest of private individuals, and so
many over the old regular life msur-
ance companies that the latter have,
believe, been driven from the field
of competition. The binding ties and
obligations of the Order give conf
dence to its members, and thus pre-
vents distrust and panics, the prolific
source of failure Of the Cooperative
system. Ours being benevolent
institution is not taxed, thus reducing
expenses, while all insurance com
panies proper are heavily taxed in
this, and | believe, in all OF the other
States.
Again, as 1 have said, the Order
covers "A vast territory. ! may say,
perhaps with a little exaggeration,
that it extends over the North Amer
lean continent. In this fact is a val
liable and an important consideration,
50 great is the territory of the United
States alone, and so varied its climate
that while one portion is Frustrated
with pestilence and disease, the other
portions are healthful and vigorous.
While in some OF the Southern States
the yellow fever RACES, throughout the
balance of the Union, so extensive,
assessments for death benefits, caused
by the epidemic are scarcely felt by
the members. a disorder in one sec
tion of the country is to the Order but
as the cutting off of mans finger is
to his body. On the other hand, they
have typhoid fever, diphtheria, and
other diseases peculiarly malignant
in more Northern climes from which
our brothers there suffer while we are
in healthy condition.
Epidemics, the destroyer of co-ope.
rative life insurance companies, toucl
but comparatively small portion ot
our territory at one time. The CO.
operative life companies organized as
private enterprises are most generally
local in their natures, extending il
their operations over but a few State
at most, and for this, among othe
reasons, are far less safe than Orders
of this character. Let an epidemic
appear in the section of the country
where one of these Companies has it
principle business, or any considerable
! business, panic among the polio,
holders will follow, assessments will
not be paid, and we will see Il repeti
ton of the experience Of the marriag,
associations, lately so popular
There can be no comparison be
tween this Order and its system, anC
the old regular life insurance compa
nies and their system, with their ex-
tensive and expensive machinery,the
many officers and agents, at high sal
aries and per cents; their enormous
taxes, and the large profits which the,
make it has been found utterly i'm
practicable for them to compete witt
our Order, save in large and wealth,
cities where insurance far beyonC
what is designed to be given in th
Order, is desired by the wealth,
classes, and this can scarcely b,
termed competition.
1t is said, as have remarked
that this and similar Orders unstrbl,
and not likely to endure, view tn,
matter from a selfish and pecuniar7
point of view alone and then for tn,
purposes of argument grant this to b'
true.
Now, by the old system of life
insurance you pay certain premlum
in advance, large amounts and con
tract to pay other large amounts a
certain stated periods. If the com
pany should break, or if from an,
cause whatever, you should fail t.
meet promptly, when due, any one o
the deferred payments, you loose al
that you have invested. With II.
you only pay for insurance up to the
present time, nothing is paid in al
vance in the insurance branch of the
order, except one assessment of the
nominal amount of one dollar or so
, And so long as you remain member
of the Order you are paying not fot
what you mary receive if it SHStajn'
itself, but for what you have already
: received.
Then to the detractions anC
enemies of the Order, answer, "tha
if your prophesies andpredictions are
true, and the Order should fall have
lost nothing. have had insurance
from the time that | have been {
, member of the Order,f for which | hav,
paid, and | have paid out nothing fo
, which | have not received full value
But one suggestion more. Th'
regular Life Insurance Companie
are wealthy corporations, soulless
t like other corporations all of TIN
means which money control, ar
, resorted to by them to defeat a polio
after the death of the insured. Tn