Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1886-10-22


F4ssEaz Elar.
Ihe Mu1aaI Baneas Iffs Aas1ciation
81 Aueeriea. Z Nee fo4k eo-opsrafiVe.
i dang soue basinsns en this oosgf. A
liza q Han Erznszra naemhers Il cirua-
la8ed A. reEsEanasas 10 uarauade the
nnthimkinR ahaB tha nnamhnFs enaorae
the na8oEn15nm. There "a no BgidEmaa
thma tha msmhesa mhnus nanes are D.
raced Ia Erimt ever gave paxmission 81
zse thsiF naulea as ragsfsneea They
are not referred d hY permission
list Of naambafa ohlaiue1 fhrouQh Trade
and frisndship and opportunities and
ianora1oa e NE weakness 81 tie con
oeEn and the extnPaR4ncs q iis man
aaamant
ne MusuaI Bensai Life Association
i Qua q tha weakest o. tha co-opsrz-
tipas. On the alst 1f LAS DscembeF ID
total mambarship was only $685. We
Imagine that tie enly good reputation
4 kass II ang, . derived from the resen-
blanoe Of is name 20 the Mutual bene1i
Life o. Nesaxk. The professors Of the
New fogk hambaK do1btlegs named 4
he Mutuai Bs1eat Life Association In
NE belief that they mieht thereby share
the good rspaEatioR Of the substantial
Newark company b. deoslving An ienor-
ant pshiio. Lei Is look a. the 6RuEes
Of this three -yeaF-oid New York hat-
passar. Il EsesiVsd &l65 rs from mem-
beRs during 1855, and returned 10 them,
% the shape Of Losses paid. &6o6l2, or
81 per cent. That was q good profit
8i06.Il4. The expenses we're SIS, 936. q
tTifle more than the reoeipiB from feas
and nearly equal 20 The amount received
from aazeaaments- The expenses weFe
exactly 39.6 pek cent. more than the
death claims Paid. The member gives
the association dollar 30 pay death
claim, and pays the managers 81 81 for
delivering the dollar. The Eeoeipts from
assessments were 81, 529, or &25,5lI
more than vas required 70 pay losses
This excess was not required 70 pay ex-
pemsea; for, besides the 879,16S ef fees
and caes, there was SO, 963 reoeived
faom other souroea" The excess, II
not poeketed. Il invested IN assets
WhereWith 90 bait the 90 operative hook,
and viii probably be invested hereafter
n some country With which the URited
States has no extradition treaty. The
expenses Of management Of the Mutual
Benefit Life Association Of New foKh
last year Wera over 80 per cent. Of the
total amount received from members
The association is q good thing for the
manaRers--a very profitable collection
agency.
The Mutual Benefit Life Association
has an impesina board Of direotoFs-all
figure. heads, selected merely for the
influence Of thar printed names. They
do not guarantee the ability Of the asso
citation 20 meet its obligations, and VI
venture 10 say thai they have only q
nominal, not q directing, relation 20 thi
business management. IL Is the fashioE
Of 90 operatives TO sslsct Agurs-hea
trustees and directors, TO whom thsl
grant free Insurance for the use Of theiI
names. We give the proof Of this 90
operative trick on another page. At II
letter Offering fires insurance for thl
use OF names, and vas written By thl
Secretary Of q San Francisco be,
passsF.
Ina oiroular issued BY the association
the lying claim IL made that similar lifl
associations have been IN enecesafu
operation II England over l50 years
There is not q word Of truth IN thil
claim. Assessment Insurance ID an
known In England, and there IL no com
pAny there like the Mutual Benefit Llt'
Association. Ca page four Of the OR
eulAr table 10 Qiven, showing thl
length Of time this system OF insufanel
has exsste1 In England" kouEteel
companies are cited, which we're organ
tied az various periods from 1896 dowl
to 1647. The companies thus cited q
examples Of the cooperative or has
passing systems are the British Empire
Clergy Mutual, Equitable, Friends Prov
ldont, Hand-in-hand, London Life, Ne
tropolitan. Mutual, Provident Olofks
Reliable, (Relianoel Scottish Amioable
Scottish Equitable, Scottish Providens
and Scottish Widows. All these com
panies are oid-liDe, level premium, Gen
uine life insurance companies ., with casl
assets ranging from nearly $S,OOO,OOO 4
so, 000. goo. One Of them, tn Seottisl
Widows, IL the largest life insurance
company In Great Britain, and one o
the largest IN the world. Hhe oircuia
ton Of she impudant lie that these old
/ line British companies are 90 operatives
similar 10 the Mutual Benefit Life Asao
citation Of New York, would aurpasa DO
lief II theevideace we're not before rs u
a circular issued by The association. i
there any honesty 10 the anagemen
that will print and circulate auoh bald
lie " deceive the pablicf
Among the reasons assigned for thu
alleged "success Of the asaOoi ttioT
are che following; Became its member,
are selected from q the leading business
and professional men," Is theFe any
body 50 innocent as 10 believe that tht
association will not accept any reason
ably healthy risk? Its certificates arl
haWked sbout among all Glasses, and
the Rreenef the community the Rreafei
the success Of the solicitor. Another
reason fer the great "aucceas" Of bhtl
petty hAt-passsF IL that il receives mem
bers only from the healthy sections o.
tae States and Territories" Well, vel
Wrger q new hat against the aseocia
kfnrga ola hat that vtaka WilI ~ R0aaufef