The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-01-06

prime object was to make those dependent
upon the members independent
!, At the conclusion of Mr.. Bretano's address
the president delivered his annual address
tie congratulated the association upon its
hOurishing condition, as the past year had
longer an experiment. 1t had paid in bene-
fits since organization, S49. 800, at total
cost to charter members of S107. The aver
age amount insured had been about 81 ZOO
He was confident that the amount of insur-
ance, considering the cost per member, had
benefits of the organization were great
blessing, the social side should not
be underestimate. In every business
of life there was begotten bond
There was a feeling of kinship among trav-
cling men which never could be forgotten.
He stated that during the last year the
association had paid out $4,000 In benefits,
of which there was collected on assess
ments S13,203. There was a balance in the
expenses had not been over 500. During
The year there were six deaths, Charles l..
Barry, April IA; Charles +. Rhodes, May 49,;
Will +. Wilson, July Ii; Geo. Phillip, Dec.
u; Geo. T.. Cooney, Dee. so, and Robert NJ.
Herndon, Dec. 81. The beneficiaries OF each
of these members, he said, had received
5000. In each case the money came to
the wife and children as If
sent by an angel of mercy.
In conclusion, he recommended that the
reserve fund should soon be invested In
some permanent manner; in government
bonds or other securities of undoubted
safety.
Routine business was taken up in cOnsid-
ering number of proposed amendments to
the constitution. A discussion arose over
the proposition that when the reserve fund
exceeded $4,000 the board of directors
should discontinue assessments, and pay
benefits out of the fund until it was ex-
hausted. The amendment was defeated, as
were all the other proposed changes, SO the
constitution stands as it was
The report of the board of directors was
submitted, showing that the association
now has an active membership of 964. AT
the last annual meeting it was 923, making
an increase of fOrty-One during the year.
ID. w. Coffin, the secretary and treasurer,
presented a report which set forth the re-
ceipts during the year as $26, 542. 10; disburse-
ments,. S14 80, leaving q balance of S12,
241.91 in the treasury. He reported that
members had each been paid $1,000
during the last year: c. p. Thurston, J. ID.
Miller, Charles l.. Barry, William +. Will
son and Geo. I. Cooney. The widow of
G. w. Brown received $1,000. Mr.. COOney
died Dec. 81, and ON. Jan. 4 his widow re-
tiOn with the report the secretary read a
very neat letter from Mrs. COOney, acknOwl-
edging the receipt of the money. With a
hearty good will the association then
passed one resolution after another thank
ing the railroads of the State, severally and
collectively, various hOtel-keepers, and
numerous individuals for cOurtesies ex-
tended.
The following officers of the association
for the ensuing year were elected:
President-W. ID. Cooper, Indianapolis
Secretary and Treasurer-D. w. Coffin, Indian
apOlis.
e-presidents-W. j. Brown, Indianapolis;
James o. Kennedy, Evansville; III. E. Harrison
ROBBIE, Richmond; j. p. KelsO, Vincennes; +. +.
Nash, Fort Wayne; A. E. Neab, New Albany; w.
Il. Smith, Logansport; George Harding, Madison;
Nelson Hanna, Frankfort; George W. Kuhn,
Charlottesville.
At the close of the election the associa-
tiOn adjourned.