Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1889-06-05
A NEW PLAN

OF Lie MISUNDERSTANDING Fund AS
surance Association and Its onicers.
The above association was organized
and received ite charter from the Legisla-
ture of rennsylvenia April 26, 1870, and
changed It's title by amendment July 13,
The reyer.lng funl system of insurance
has met With popular favor wherever It
has been introduced. Affords the same
benefit as other systems In case of death
and insures benefit at stated periods
during life. II continued to the end, a
member is back one-half the money
paid in and participates In the very large
amount Of money forfeited by deceased
and lapsed members. But the insurance
does not cease here, but continues the
same as any ordinary life insurance, with
the premiums one-half what 1t has bren
heretofore, and at the death OF the policy
holder he receives the face amount OF his
policy. This system enables company
TO furnish insurance as cheap as a. sess-
ment companies, and affords the same
security that the level premium system
offers.
This association IS not an assessment
company. The premiums are fixed the
same as those Of level premium COM
panles. The difference between the two
Is, that one-halt the premiums collected
by the RevertfnR Fund Assurance asso-
Citations is returned to the persistent
members at stated periods while the
Level Premium companies keep it for all
time to come, In the shape OF a "legal
reserve" This association, like the
National banks, deposits chs If OF all
the premiums paid by tho members with
the Guarantee Sale and Trust Deposit
Company OF PhiladelIhia, In trust for the
policy holders. No part of this fund ever
passed through the hands of the officers
Of this association, but is paid direct by
the former company to the members at
the end of the reverting fund period, and
thus secures the members against all
possible loss. Can ss much be said In
favor of any system of life insurancel
The officers and directors of this com
pany are well-known business and pro.
fessional men, and enjoy a wide repula-
tiou. ii. V. Mohn, the president, is the
author Of the reverting fund syetcm Of
life insurance on which he has q copy
right, the author OF several other plans
OF insurance, and has an experience of
fifteen years as an insurance actuary.
L.. ii. Plett, first vice president, resides
at Springfield, a well.known and pros
porous mercantile man In that section OF
the State.
Prof E. B. Bltrman, second vice prssl-
dent, is gentleman standing high In
educational circles, was for sixteen years
member Of the faculty of the Lebanon
Valley College, and is one of the best
mathematicians In the State.
u. A. Loose, secretary, has superior
executive ability and for integrity and
business qualifications has no superior.
lie also has wide reputation as an in.
surance manager. Rev. j. +. Mower, the
treasurer, Is an able minister, held In
high esteem in the country In which he
resides, and is wei fitted for the office he
now fills In justice to himself and the
company.
j. V. Mohn. the assistant secretary, 1,
brother OF the president and well quail
hed to I'LL the position lie occupies.
Dr. Ii. V. Gress is the medical director
and is the leading physician at Manches-
ter. DIR. D. S. Won Media is the auditor,
and resides at Ephrata. He 10 the owner
OF the Ephrata Mountain Springs, one of
the oldest and beeE summer resorts In the
state. This compJsy is well-known and
is endorsed by mauy of the best citizens
OF this city and county, among which
Will be found many active policy holders
and members. Those desiring a cheap
and staple insurance could do no better
than connect themselves with this asso-
citation.
The general office of this company is
located In handsome brown stone front
building, ID North Fifth street, Reading,
Pa. The interior OF this beautiful build
ing is handsomely decorated and artist.
eally arranged in the latest improved and
architectural style. On the first floor of
the building, on each side of hall
running through the building, are ar
ranged the offices of the president, vice
president, secretary, treasurer, directors
and others, all handsomely finished with
every convenience TO enable the officers
to transact the large and extensive bust
ness they go well enjoy. In the rear of
the bu lding, to the left, is q large fire.
proof vault, capable of holding the large
ledgers, journals and private documents
OF the association; In fact the building 10
one of the finest furnished ard well
arranged places of business In the city.
Z. B. Frazer, No. 422 East Fourth
street, is the general agent for the State
of Delaware.
DR.. J. P. Pyle is examining physician
for Wilmington, VIM. IL. Hobson is
agent and DR.. ]. Il. Wilson examining
physician for Dover aud Kent County.
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