The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-09-09

Mutual Reserue-fund Lffe-AssocfdttOs, Rich
nOad, Vd.:
Dear sir,-I desire To express my thanks to the
Association you represent for It's promptness III
paying TO my mother through me the full sum, ten
thousand dollars tsl0,0OOj. amount due on my
late fathers life, more especially as II was paid be-
fore it was due. according to the cOndt tlons or the
policies. Yours respectfully
ERNEST n. CHALKLEY.
We quote from President HARPER's monthly
report, dated September g, 1888:
To our Agents and Members
The month of August has been one Of The isost
evcntfui months in the history of this Association
We received over THREE MLLroSs OF DOLLARS
In applications for membership. our certificate
number now exceeds FIFTEEN THOUSAND. Our
total business largely exceeds SIXTY MILLIONS.
Every death-cla,m has been promptly paid when
due, aud we have CASH ON hand deposited In
banks and trust companies 20 the credit Of the
Association amounting to OVER ONE HUNDRED
THOUSAND DOLLARS. Assessment No. has pro-
duced 3 10, ,3O9.3i more cash than Assessment No :.
s-coverny the same number o; days-being an
increase of 22 per cent. This single assessment
VIII produce upwards of $4,000. Thus the nj
tlcks made upon by the higll-rate lfe-ilsurancc
monopOies have cemcntel our membership and
caused them 10 come 10 our relief, which fact has
resulted directly to our advantage. The saving to
our members during the first eight months Of this
year exceeds EIGHT HUNDRED THOUSAND DOL
LARS, which means a direct loss In cash 20 the
monopoly companies ut the rate Of one million
Two hundred thousand dollars per year and cor
responding gain 10 tie people.
IL would require at average age, over ticeafy
assessments annually to be made by Us to equal
the usual rates charged by Me monopoly compa-
nies. As II matter Of fact. We have been obliged
10 make but eight assessments IA tico and one
hair years. Thus the saving 10 our members is
made most apparent. In their conspiracy To
crush this as they state the most successful aud
largest Association" with view Of injurlng the
whole system, millions Of leaflets have been
printed single insurance Offices having them
stacked three feet high The hotels and public re-
sorts have been filled with them; stores and man
factories have been supplied with bundles; The
very ground has been made white with them; car
iodds OF matter distributed throughout the United
states. NnOlc euitloHs "i ti'T hVh'p''' iHrm-
ance Journals have been issued. containing four,
five. and 81 pages in each edition devoted Ia at
ts.cks upon tins Association aud It's management !;
outrageous l.bels utterly devoid OF truth have
been sen, a. press dispatches throughout coun-
Try: maEeicu, suits commenced, to he dismissed
al their cost the moment We could secure a hear
Ing IN our courts. To our members We would say
Whatever charges they may have made. or that
they may hereafter make, that IN any way what
ever reflect upon the honesty cfMe management
or the correctness of system, said chargc, are
absolutely false and malicious libel. We have no
secrets connected teitk our aand9eaq,nt; srery
c.args shall be met and made as clear as the
noOndoy sun. The financial affairs Of the Asso-
citation could scarcely be IN a better condition.
Our bank balances are large and our mortality not
excessive. We have as hne class of risks as re-
cards health, age, and financial sirelstb any In
,iltuliOn Ia the world. Our system furnishes AB-
soLUrE PROTECTION against the various euiis
which Reinsurance has been heir 70 In the past.
These attacks having brought rs more promi-
ncntiy before the people, Il has naturally iu-
creased instead Of damaged our business.