Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-02-11

pihh IL iounueu upon correct prlnci-
piles. Not what this association win
de, but what 1t has done, demonstrates
that the protection given TO members
during their life, and to their
loved ones ut their death.
Is needed and demanded by the people
OF our country.
Confronted by the most bitter oppo-
sltion ON the part OF representatives OF
the old-llne system, we are proud 10
say that the legislature of the state of
south Carolina has granted us a char
Ter by special act Of that body,
Wnlch ls but evidence Of the favorable
opinion the natural premium or co.
operative system Of protection is en-
ter aimed by the citizens of that state:
and this is but one instance ont OF
many that we cite you, showing that
the representative men of our land
are now recognizing the fact that co
! operative protection ia the true and
the peoples system for providing for
themselves in old age and for their
families after their death. And to
show how cooperative insurance is
regarded by Gov. Hill OF the great
state OF New York, we will call your
special attention to that portion of his
message to the legislature referring to
the came In the following words: VERY
little need be said upon this subject.
UnLer the able management OF the
present most efficient superintendent
of Insurance. the affairs OF that depart.
ment are in very satisfactory condi-
| ton. Nineteen cooperative insur-
ance associations of this state have
been incorporated by the insurance
department under the provisions Of
the cooperative law, passed April .,
1888 (chapier l75, laws of 1881 and one
cooperative association from sn, Their
state has also complied with the pro-
visions of said act, and been admitted
to transact business i'm this state dur
ing the past year. During the past
ten years cooperative insurance has
become one ofthe most important in
terests in the state. 1t is alphabetically
the peoples insurance, and when hon
estly managed, confers incalcuable
benefits upon them and their families.
The legislation above referred to, heart
lily enforced as it has been by the gu.
periutendent, has placed It on a Sc.
| cure basis under state SUI
peIvsion. That further leg
islation may be required is probable,
and it is to be hoped the Legislature
will not relax It's watchful care on
this important interest
"What this association has done from
June IL, 1881 date of the organizatlon)
to January 81, 1885:
Collected In O6
Paid endowment mnd-home Of
nee ..... .,,,. 2oo,bAl %
'...,,.....' SYST 81
Total paid endowment fund .... $3.50 So
Balance ON hand,...,,. .,..........,.... 2Ol OF
67O,22 Us
az take the liberty of making the
following suggestions TO your hOnora-
BILE body as amendments to our con-
stitution, not that l expect you "a
agree with me, but that 1t may form
"a basis upon which to act and cause
use TO your discussion upon these
points and other questions OF Interes
that may arise:
i A member suspended may
Teinstate any time before tn,
expiration Of three months
from date of suspension 10y
paying all back assessments and dues,
and after the expiration OF three
months he shall be debarred Of al
privileges of membership,
"2. That we issue certificates IN
amounts only $4,000, $4,000 ana SIS,
OOO, and that any member may in
crease his protection by taking eithel
$4,000 or $4,000 additional, assess
ments to bear the same proportion
that they do on the present assessmen
table,
"S That the board Of directors be in
E creased from five to eight and that
. muittee OF three be appointed OF
az sessessments, and that all assess
; ments issued be by order of said com
mittee, and to be issued on the first
. each month.
"a That committee Of three be sp
pointed to examine death proofs an'
: report on same, and that the medica
) director be an eX-othciO member o
( such committee.
"5 That the constitution can onl.
be amended by the national conven
, ton, and that by the board of di
rectOr5.
= '6 That the salary OF each office
: be fixed by the national convention
) and become part of or set forth in tn
constitution.
~. That constitutional provision
be made for the payment OF mileag
and per diem to delegates TO state con
: Yention
IS That day be named In the cor
y stitution for county convention u b
; held 10 elect state delegates, and thR
! the members in each county selec
their chairman.
20 That the college fund be aboI
u ish.d for the following reasons
g 2st Il, xas has very good system
OF free schools.
d, I'd. The association Is fast becoming
: national, doing business in number
! of states that have free schools, there
q by being an Objectionable feature :
II people living in such states.
20 al must, before closing this report
D. make special and favorable mention
e the pioneer district managers, Or. .
g @ Ogilvie of LonRylew, Tex J. a
d Stuart OF Austin. Tex Rev. l.
d Way ~ Stephensville, Tex and DT
e ii NJ Walker Of Houston, Tx, VIII
- 4 - . h.. nFaaNE IL