The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-08
Doing a Good Work.

Joseph Sanger, secretary and treasurer of
the Yardmasters' Mutual Benefit Association,
has issued circular to the yardmasters of the
United States, setting forth the advantages
membership in this association gives a yard
master. in the hope that those who contemplate
connecting themselves with any beneficial or
ganization or taking policies in life insurance
companies will give this association their most
favorable consideration. Unquestionably the
association is sound, honorably and economic
ally managed, and comnends itself to all those
who are subject to sthe daily risk of this branch
of service. and who wish to make future pro-
visions for their families reasonable basis.
Secretary Sanger, in the circular, presents
brief statement of the numerical and financial
growth Of the association during the little more
than eleven years which IL has been in existence.
Starting with thirty-four members it had, az
the expiration of the first two months, when its
first fiscal year began. 122 members. He etates
at the end of the first fiscal year. April 80, 1883,
we had acquired a membership of 703 while at
the expiration of the eleventh fiscal year the
mem ershp had increased to ], 452, the associa-
tlon more than doubling its membership within
the last three years. Since April 80. 1886, over
ninety new members have been added, thus Civ
ing u.s. at the present time considerably over
fifteen hundred members. The first death bene
fit paid by the association amounted only to the
ST. on 1877 members. Since that time the
death benefits have been steadily increasing,
year by year, until at the annual meeting, two
years ago, the sum to be paid In all cases OF
death or total disability was fixed at 81 900
The above sum is liable to be increased at any
annual meeting. at the will of a majority of the
delegates During the last fiscal year we have
had fifteen deaths and one case of total disability
out of a membership of fourteen hundred, for
which the sum of SIG, 900 was paid out in bene
re of nfn al tnf9 hor
mum, average cost of ST. per month. At
present, an assessment of ST. per member, in
case of death or disability, leaves surplus Of
over $780, which Is credited to the next assess
ment, two assessments thereby paying three
death or disability benefits Since our organiza-
ton we have had fifty-seven deaths and four
cases of total disability, for which the sum of
$37, 1868 has been paid out in benefits. The actual
average cost per month per member, since the
association was organized, has been ffty-one
cents"
Swelling the Earnings of the Parent Road.
The Pennsylvania Western lines seem to be
helping to swell the earnings of this great sys-
tenn wonderfully this year. A statement of the
earnings of the Pittsburg, Cincinnati g. ST.
Louis railway has been made for July. showing
the great increase of 33 per cent in gross earn
ings and the enormous one of GAL in net The
Railroad Gazette says: This is the only month
ly report of earnings and expenses that we have
ever seen from any of the numerous Western
lines controlled by the Pennsylvania railroad
and it is very desirable that such reports should
be made regularly The monthly statement of
the amount the net earnings have exceeded or
fallen short Of the liabilities. which is given for
the whole Pennsylvania Western system, has
great value, but not as much as full statment
of the earnings and expenses Such reports are
nowhere more needed than in this territory
north of the Ohio, where none Of the railroads
with largest traffic, like the Michigan Central,
the Lake Shore, the Fort Wayne and the Pitts
burg. Cincinnati & St Louis, make any monthly
reports.
The Grand Rapids & Indiana also reports for
July, contrary to its CUSTOM showing gain of
Is per cent in gross and 65 per cent. in net
earnings