The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-01-10
A Company Which Insures Anticipated In
dividuais-The Inducements 1t Offers
to the Public.
A Somewhat. Suggestive Interview
with One of Its Officers
Character and Condition of Some of the
Subjects Insured-"A Lucky
PoIicyholder."

interested, financially or otherwise, this Journal
presents this morning statement of the bust
ness methods of the "Royal American Beney-
olent Association" merely for the purpose of
making the public aware of what great advan-
tages are offered them in the way of life insur-
ance. Journal representative was approached
yesterday by gentleman who vouchsafed the
information that he had good investment to
offer, aud proceeded, without further ceremony,
to explain how the impecunious reporter might
invest few dollars advantageousy with the
Royal American The office of the association,
In the Vance block, was accordingly visited,
where the beauties Of the plan proposed were
made manifest by young man who looked
every inch a financier, and the perspcuity of
whose calculations was equaleI only by his
grasp on the language. The officers of the asso-
cha ton are: Colonel W. I. ROyse, president;
George W. Dale, vice-president; d. W. Gerard,
secretary; Wilbur L. Royse, treasurer; s. E. Til
ford, superintendent; o. E. Parsons, assistant
superintendent; W. I. Royse, d. w. Gerard, G.
W. Dale, s. e. Tilford and o. Z, Parsons, board
of managers. The association Is regularly or
ganized, its articles being filed with tue Secre-
uary of State. The following gentlemen are
given in the circulars references, and vouch
for the integrity of the officers: Hon D. W.
Voorhees,, United States Senator, Terre Haute,
Ind; Hon. W. r. Myers. Secretary of state-elect,
Anderson, Ind: Hon f. T. Hord, Attorney gen
eralelect, Columbus, IND; j. W. Hess. sheriff
elect Marion county, Indianapolis; Hon. W. II.
Craft, jeweer, Indianapolis; f. A. w. Davis, In
diana Banking Company, Indianapolis Hon ].
C. Adams audtor-elect Marion county; j. NJ.
Tford, ex-presdent indianapolis Journal Com
pany.
LUCID EXPLANATION
The young man to whom the duty of explain
ing the plans OF the company was intrusted pro-
duced circular and proceeded to dilate upon
the superior advantages offered by the com
pany, the plan of which is referred to In the cir
cular "simple and just in its provisions. 1t is
the only solution to the problem OF mutual aid.
as applied to persons of advanced years.
"It proposes to issue certificates of member
ship upon the lives of all acceptable persons,
from sixty years and upward, without regard TO
sex, color, religion or nativity.
sit guarantees beyond which the cost shall
never reach in any one month. thus avoiding
heavy assessments.
SIT settles all approved death claims each
month, thus doing away with vexatious delays
at stamps out the graveyard feature by re-
cognizing no claim where tho applicant shall die
within thirty days after the certificate issues
sit grants paid mp certificates after one year,
for every dollar paid, with per cent interest
until the certificate becomes claim.
SIN short, our plan not only combines business
principles of the highest order, nut is the only
one which can stand the test OF years success
fully"
The circular provides that "a certificate of
membership shall be 81 900, and no more than
five memberships will be issued on the life of
one person, from sixty years of age and up
ward"
The rates Of assessment, amount of dues. cost
~ af, lpa an fAp Flr Fp1l nnro
"Membership fee; $40 per 81, 900.
death assessment, 81. so per 81 900.
"Annual due, for one year only, So per 81 900
PAYABLE in thirty days after the certificate is
sues.
CATER party shall have carried certificate
for one year, and desires to quit. he may have
paid-up certificate for all the membership fees,
dues, and all amounts paid by him for mortuary
purposes during the said year, with 2 per cent
interest upon the same until the certificate be-
comes a claim by death of the applicant
"He must, however, notify the secretary of
his desire thirty DAYS before the LIST day of Jan
uary or July, after the one full year has expired
surrender his old certificate and receive new
one in its stead payable upon the death Of the
applicant.
DISPENSING WITH NEEDLESS FoRMAIITIEs.
In order that there may be no unnecessary de-
lays in taking out certificates OF membership,
no medical examination of the Subject" to be
insured IS required, a"special notice IN the
company's circular providing that:
"In consideration of waiver of medical OK
animation, at the time of making the applioa-
tion, no Claim will he paid where the party shall
die within thirty DAYS after the date of the GER
titicate. But no member will be assessed until
after that time
thirty days after the certificate issues, agents
are authorized to write an application for like
amount, upon the life of any other acceptable
person, without any charge whatever for mem
bership."
The plan for making dcath assessments is
given in the following paragraph of the cir
cular:
lone death assessment to he paid within thirty
CSys after she certificate issues and each thirty
da\ thereafter without notice, and no other
assesS>>snt will be made, unless the monthly
payments>Sre not sufficient to pay current death
claims Buzz no case will the extra assess
ments exceed tr>fnilnwinS rate: From sixty TO
seventy, one extra;>>om seventy TO eighty, two
extra, ana from eIeH>~- upward, three extra
assessments in any one month. These monthly
payments always give us cash on hand to pay
losses something which other associations do
lot have, and this makes the Royal American as
solid granite"
,eIt win be observed thar "this makes the COM
pany as solid as granite" firm as the eternal
hills. There ism I even "A possibility of a failure,
according 10 the lucid explanations OF the fore
going paragraph.
CARING FOR THE DEAD.
Another feature of the SYSTEM and one of the
NEST commendahle, is the ASSOCIATIONS desire to
care for the dead. Observe the clause providing
for monuments or "other ornaments" to mark
their resting places:
1--WE take care of the dead. After ono year,
all sums accumulated from the expense fund,
over and above the running expenses of the
association, shall be transferred TO the mOpu-
mental fund, for the purpose of erecting mOnu-
ments, tOmhstones or other ornaments to the
memory of deceased relatives upon whose lives
certificates held in this association. This
provision is purely benevolent, as the members
are not in any way assessed to meet the expense,
the same being paid out of theimoueys that other
companies usually appropriate to the paying of
high salaries TO officers
''The tenth assessment shall be apportoned as
follows: One dollar shall he placed to the credit
of the mOruary fund, and so cents Shall be
placed 10 the credit of the expense fund"
The officers don't want laige salages. tt ia
not money that they want. They unsclnshly
allow certain portions OF the receipts, "froiu
which the officers OF other companies draw high
Salaries" to 20 to IA fund to provide for keeping