Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-12-10
L0NGVIEW.
Treasurer Morrison Of the NJ. 5.
L. &B. A. Of A. Talks Plainly
and Sensibly.
Let Members Gross over the Bridge
aud Put Their Money In
eForm 49,


/ special to the Gazette.
LuNGvIEw, Tx, Dec. 9.-The trou-
bles which have beialleu the Mutual Self
Endowment association, the home Office
of winch il IN yOdr city, has caused natu-
4 rally much excitement IN this city where
its infantie breath WAS drawn, and
where, ia Uut little more than year, II
bad reached 10 phenomenal manner
tnan's estate. 10 has now realized the
truth 81 the prOyer5, having "gune up
! like q rocket aud down like the stick"
/ Sir. Morrison was called upon this morn
/ ing with the following result:
/ mi MOrsylb as treasurer of the ASSOC
I citation, have you any objections 10 am
| swcring few questions 10 regard TO itf''
"Nonc al aili on the contrary, 1 viii
I take pleasure in answering any question,
I whatever, relative 10 the situation"
! "What Is the present financial cond-
/ ton OF the associatlonT'
"That is a hard question; for as this,
ms all other assUcinliO IS, is composed OF
its members, the financial condition Of the
association depends upon that Of all the
mempcrs, which 1t would be impossible
o. tell"
"But mean with reference to existing
liabilities, and what ~ on hand with
which To- iqudIte the samc2'
"Ihe asset, are insufficient, aud the
u'IuotIshlp mas utcIinea IN numbers To-
such an eA'eNt uAI moe assessments
'""l4 ON 'eiuiou udu Nlc HehptIH
"Vu'i Pa" u'u 80 tn' nhti"N'l convention
W"7 1onto1eu ~ laNe Nuoh ueu"h rs lhcN
d'ein'd 9e-J Tor the pr'lecllnn oil ccrLl'i-
ta.e nolueIH'
Nv 1at' vi snort, was the result OF their
laoolS'
Ah,y cohcinu'u not 10 issue any more
'loili.A crl"hca,t', ahl adopted what
lre ltI hltd the uiulhiIy llt plan ana inc
VI''i'i"l W"hi IhIo "hIch an lhe ora
members can merge and preserve,
~ eil CT t'eir on ceiIiHcnta' o., as some
"o ,,r,l l'Tin ~ 'nelr insurance
men ~ was cOncluutd thAJ form q
was lmpFaeuca pie ~
well lir pan was an right but the
lllufe 10 Gsl new members aud falling
on Oh the "Iai on account oil hard times
the past year. caused ~ not to prove sue
cesslul, TO say Toe least
81 men TORN a is ihe cause OF your trou-
olti 40 You mean 10 say 80 ~
"les, sur
81 believe you were one OF the
original lhcorpoTator3 OF this plan,
ana ihNl your association Is Oh
the lir5 lhal ever adopted, or undertook
10 Issue, loru cerliucHtcS. Don't you
tllhA you ought To have iorcsren its fall
are ana ouu't You feel that IL was q
wrong action on }uur part iu undertaking
such Hu untr'e0 eVperimentf'
'Nol sir cana farmer who plants
crop ioresee q drought Can a merchant
Who buys large stock OF goods iorcscc
panic or drarth OF trade? Though Paul
may plant and Apollos water, is not the
Increase beyond their control? now
could We tell thit the circumstances which
have attended form a would do so, aud
therefore the CONSEQUENCES would be as
they araY"
Gwen, but YOU have not answered me
with reference 20 the responsibility you
assumed In putting form \ on foot"
"tho object OF the association was the
Insurance or protection to the members
in Milrm old age, and their families, and
| when we went intp the battle of form A
| We only did SO when we saw "A safe re-
/ treat, bridge in our rear that was in-
deStrncuhle, the broad arch of which
would span any chusm the enemy could
! ever mukc.n
| "Wmtwas that2 Please explain
"Wcll sir the members paid i'm form A
certificates Just the same as on form II,
and it was understood at the outset, aud
always must be, that If IL ever should
/ trtuspre that coupons i'm form A could
1 not be paid during life, then form b GER
I uacates, payable mt death, would be
Issued instv0d, aud no loss could result
from having tried the experiment. SO far
as insurance is concerned, and this uu-
dupHblp truth is the bridgc of which /
speak"
''Do the new plans provide for the
changing OF torn A To form 3 certificates
and The dividend PLUMP
eyes, 60 either at the option OF the
member
"fhcn the present Juror Is for the
reason th t form members cannot get
their money IN inStalments during lilogn
4 Precisely. Thcya on the other side
Of the bridge; all they have TO do is TO