Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-05

statesman. ana gone TO meeG N1nuOm Will
be Bill Washburn's epitaph.
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ANOTHER ENTERPRISE FOR FOMEN
"The Women's Mutual Insurance and
Accident Company of America" has been
incorporated and opened business at No.
2S1, Fourth avenue, New York city. The
officers of thesco mpanyl are Elizabeth R.
Phelps, President, Margaret Holcome
Vice. President, Fannie M. Gerard, Treas
urer, Elizabeth S. Roberts, Secretary, Cor
nelia Kamping, Actuary. Medical exami-
ners, Drs. Alfred X. Hills and Mary Put
nam jacob Judges Noah Davis and
Barrett, of the United States Supreme
Court, give the project their highest APP
proval. The origin of the company, it is
stated, arose from the fact that the already
established insurance companies dis
criminate against women. This
policy, as is we'll understood, is
based chiefly, if not wholly, upon the theory
that the lives of women are more uncer-
tain than those of men.
The object of the company is ''to provide
upon them, the means of material assist
ance and all the advantages of life and ac-
cident insurance at the lowest cost price,
The individuals for whose benefit life
policies are issued receive $1,000 or more
upon the death of the insured. The acct
dent insurance affords weekly sum to
policy holders during the time they are
disabled, and considerable sum is paid
in the event of death, as in life insurance.
Policy holders may be men, but all poll
cies must be drawn for the benefit of
women. Any person, the constitution
provides, in good health, between the ages
of sixteen and sixty-seven years, may be-
come member by paying a small en-
trance fee and yearly sum to pay the
running expenses of the company. An
assessment is levied when a member dies
or meets with an accident.
The projectors of the company make es-
pecially prominent the feature that the Or
ganization is for mutual benefit, land not for
the endowment and ACKNOWLEDGEMENT of a
few favored stockholders or directors. The
limited by the constitution to two dollars
on each $1,000 of insurance. A reserve
found is provided, to be acquired from the
following sources: Moneys received from
persons who have forfeited their member
ship, together with other surplus, and. &C
cording to circumstances, from twenty to
twenty-five per cent. of assessments re-
ceived are to be deposited with a trust
company for the benefit of members who
have held policies for five years, and at
the expiration of five years certificate is
issued payable in ten years, with interest.
A schedule is made each five years to ex-
hibit who are entitled to benefit under the
reserve fund. Each applicant must pass
medical examination, and nonresident
members are permitted to furnish the GER
tifcate of local physician. The schedule
of admission fees is as follows:
On $1,000 assurance, Sc; annual dues, 50;
On $4,000 assurance, $40; annual dues, 81;
total, S14.
On $4,000 assurance, SIS; annual dues, Sc;
total, S21.
On $4,000 assurance, SIS; annual dues, SO;
total, $26.
On $1,000 assurance, $40; annual dues, $40;
total, $50.
Four dollars for each additional 81 900 assur-
ance, and dues 81 per thousand.
The New York state superintendent of
insurance speaks with the greatest conf
dence of the success of the new company.
1t may succeed, and it is to be hoped it
will, but the case is open to doubt. When
any project is instituted for the benefit of
women, it is universally put upon some
cheap plan, and shortly the enterprise goes
down.
The memory and history of Kate Fields
Cooperative Dress association is fresh in
the public mind. The association was
formed on an enchanting theory. 1t found
high favor with the best and most philan-
thropic people. The field open before it
was as broad as the republic itself. For
brief space it appeared to flourish and to
promise to meet the expectations of its
promoters. 1t was an institution for
women and was managed by women.
There may have been some faulty manage
ment, but the great drag-net which
swamped the association was that it was
too cheap. That environment was its ruin.
The advocates of all sorts of progressive
movements in behalf of women start out
with the idea that something akin to the
millennium can be obtained with
out money and without price
or substantially so. This is q mistaken
notion. The scheme to benefit women
should not be crushed at the outset with
the loadstone of Cheapness. If anything in
their condition needs amelioration, if ben
efits and helpfulness are to be brought to
| their door, let Us be done with the cheap
nonsense, but go forward and pay fair
prices, and do some good in the world. We
should have good deal more faith in the
ultimate success and prosperity of the
Women's Mutual Insurance and Accident
company of America, if it promised lit
tie less and cost good deal more. If it
shall succeed it will be the first of the
many cheap devices for the benefit of
women that ever has.
Minnesota journalism.
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