Daily Republican., 1883-11-23
O.d nua New Life Insurance.

indicative OF the decline OF the old
system of life insurance aud the favor
with which the people accept the new
system. While to the order just named
belongs the credit of last nights
pleasant entertainment, and while il is
right and proper TO say that it is the
most popular in regard to numbers Of
any of the new lite insurance orders, it
is equally proper to state that there are
others based upon much the same prin-
ciples that are equally meritorious,
amongst which is the United States
Benevolent Fraternity, which is ac-
quiring strong foothold in Whining
ton. These organizations are called or
ders, because in certain sense they are
secret so far as having passwords, signs
and grips, for the better protection OF
the members and for the sake Of en-
couraging the social feature which is a
prominent Characteristic Of the irater-
nifty.
These new societies are as etfeCtllaI
in insuring the lives of those who unite
with them as any life insurance can b-,
and they possess advant9 ges over the
old system that are ut Cnce apparent to
all who give the matter proper thought
and investigation. It's not pleasant
thing TO relate and yet it is fact that
of the numerous life insurance societies
in existence not more Than fifteen years
ago, but few Of them have stood the
test of time The large amounts Of ac.
cumniated capital, on proved weak .,
ness instead Of iEparting strength 10
life insurance. It sounds almost ike II
fairy tale now when We reflect upon the
fact that some OF these Old institutions
paid as high as twenty-five thousand
dollars year to a President and cores
pondingly large salaries to Secretaries,
Treasurers and financial and travelling
agents OF course there could he no
other tendency than for such a system
to lead to speculation with the funds
and from that it was ont a short step 10
peculation and then on 10 fraud. The
few societies of the Old plan that re.
main, we are glad tD say, ar" sound 80
far as external appearances Indicate,
but they have been comp He'd 10 take
warning by the crash of thr2e-tourths
of the institutions of that kind once in
existence and which we now hnl "X-
listed principally on paper. Taking
warning as they did they have avoided
the rock on which others split and have
been enabled 10 preserve small mum
Der of real sound life Insurance societies.
In doing 50 they have been compelled
to abandon the twenty-five thousand
dollar salary feature and have also been
compelcd TO lrt the members know an
nually what becomes Of the money they
pay to have their lives insured
The great advantages which sur
round these new Associations, stand
out in bold relief when compare! with
the old They are real mutual hrueii
cial societies. One man is as much il
terested in the success OF his society rs
another. The weekly, semimOnth y
or monthly meetings impart to them
their social feature. These social meet
ings bring all the members together an
make the members acquainted wIlh
each other. As one Of the speakers OBJ,
served last uight there is no chance OF
Specializing Oh the funds Of the societies
for there is never any money on hand
to Sy4cuiate with. Instead Of tho money
having been accumulated, invested III
SOmejimeS doubtful securities and
squandered in paying large salaries, il
remains in the pUckets Of The members
until needed to pay death losses. Il
there are many deaths 1t takes more
money, but tn" 'nernber1 have the salts
faction in paying their assessments t,
know who It is paid for and they know
that the money is applied t. no o'hrl
purpose About IL thousand dollars I
gear pays al the salaries that need t'
be paid and the other cXpeu-eS are trl
ding. There il moral certainty that til,
beneficiary will get rs or her moneJ
when Iue, When a death is announced
thOus tnIS Of hands g dU"n into tuous
anIs of pocket treasures to pay the he
mand they have ohUEttnl them 1--we
to pay. As We have already said il
substance, every 'nan i his own treas
urer and Keeps hi, owh money untll /
is wanted. tni+r such system "
need not wonder that life insurance j
becoming popular. 1t Appeals wit
especial favor 10 the i1hnging and in
duStrial GLASSES Of the community, be
cause il affords advantages to tho5
CLASSES that the oli syst n withho.ds
II does not cost beyOnj the means OF al
average wcll.to-d0 wC,kjug man, an'
vet it 4ii'JrdS him an opportunity Of St
curing a moderate competency for hi
f,laiIy after he Is "a - by death fron
On. this stage Of eariuy action. II
the duty of every man 30 provide t'
lls family in the future, and these ne
Su".., urgan cations 50 wei prOtectc
aTm-t dishonesty offer him the mear
hy wnlah hr ctu make himself al
family happy in the face Of adversely
owe all do ttle as leaf" is the appr
pirate inscription written upon on
chequered lives, and reminds US that &
the Leaves have their time to fall f
have we and that time with us is !
the uncertain future. But the fact tina
that time will surely come perhaps tt