The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-06-29

Lille Is 100 nara q struggle Tor us 10 queS-
ton the duty OF insurance. Ii is too late
for us to discuss the prudence OF leaving
an inheritance TO our family. II may be
true that few wealthy persons with pie
thorc purses. bank accounts and bonds,
may consider II unnecessary for them TO
make other provision for their loved ones.
But II this be 80, the countless majority OF
our race, toilers by day and toilers by
night, can have no such excuse. Money
received from insurance companies in pay.
ment OF death losses has preserved the
homestead for children whose tender
minds could not have guessed why they
should DO torn from the roofs that shell
tered them. 1t has fed the hungry,
clothed the naked, and educated the or
phan for useful vocation. II has
made rough places smooth, and
given TO the desoate widow an assurance
OF comfort better than the tenderest sym
patty OF friends. II has lifted the bowed
head and strengthened the feeble hands
for the hard battle before them. II for no
other reason, yet should every father in
sure 10 leave a home for his children.
liomel love that good old Saxon word.
l. represents all OF good to man. Ii is the
refuge TO which he may flee from every
storm, the haven where ho shall always
find rest Ii is the school OF virtue, tho
companion OF innocence, the guardian OF
purity. II there be one pressing need in
this country, urgent above all others, IL Is
homes Tor its people. They are the bull
warks OF our institutions and the uniailng
defense OF our liberties. God hasten the
day when no man In this glorious land
may be without home. Without home,
what is man? Intelligent he may be, hon.
est and true. yet is no hedgcd about by
untoward circumstances. Homeless, no
has a Mordecai at his cato, under whose
baleiul influence all else goes for naught.
A great statesman truthfully said that
peasants homo was his castle. Tho winds
OF heaven might whistle through It's crew
ices and the rain batter upon its roof UNI
hidden, but the King OF England could
not enter II without due process OF law. A
people with homes airs good citizens,
happy and obcdient 10 the laws. The same
people, homeless, are Disconnected, rest
less and unstable. Change the environ
mcnts OF humanity and you change the
actions Of humanity.
II is the duty OF every father TO provide,
as soon As possible, a shelter for his oil.
spring. II no cannot do NO by his own
labor he should secure II by Joining tho
knights OF Honor, who will sec that his
loved ones shall have roof 10 cover them
when he shall have passed TO that better
home not made with hands, eternal In the
heavens"
The question OF your duty 10 insure your
life being settled, II becomes YOU, my
friend, TO consider what company offers
You the very best inducements. In what
organization can you secure the largest
sum for the smallest promium7 And
again, what orders are wholly reliable aud
ever prompt in payment oil claims2 To
these questions, taken a. one whole, there
may DO many replies, honest aud truthful,
oyasivo aud unsatisfactory, but thorc can
be but one answer.
Undoubtedly the plan Of mutual insur-
ance is better in all cases for the assured,
because all companies receive from their
own policy holders the money with which
death rates are paid. II iollows that In
companies not mutual large sg.ns VI money
ARE paid by policy holders upon the incor-
rect superstition that said money was actu-
ally needed 10 pay death losses II that
were tue such companies would not have
been able 10 amass. colossal fortunes and
az the same time pay enormous salaries
10 their officers. There IA no escaping tho
fact that they collected niorc money from
their policy holders than was actually
needed 10 keep their risks In force. But
II Is stated In reply 10 this that tho sums
thus oyorpaid 10 10 the creation OF 70.
serve fund, on which the companies may
rely In case OF emergency. But what right
has a company 10 oyefchargo aud thus
create a reserve fund.- Who can be bcne.
liied by ~ Certainly not he who allows
his policy TO lapse because he paid, We
will say, Sl2 per ~ 900 actual risk and 81.
per u, 900 for reserve and ho has lost then
both. Certainly not the family OF the do
/ ceased, because, II he could have been In.
surcd for sl2 per 81 900, II was unjust &
require Of him a double amount, In ordoi
b. create a reserve fund. John Randolph
once said that he had discovered the
philosophers stone, which turns TO gol,
all that touches H. II was "Pay ~ yol
go''-no moro than Is right, no less thar
Il honest.
lot rs consider this question: Suppose
on every 1000 insurance reserve compa
nlcs collect - prcmium-and this Il
small estimate. In this State. we will con
slider that 10000 policies are In force
Then you have $4,000 unnccossaril,
charged and taken from the state 10 still
further accumulate wealth Ia dislan
cities. With that money alone, two fac
tories Of good equipment could have beer
erected. iunishlngcmployment 10 not lcs
than lnO persons each. With II a. a nu
oleus around winch others might gather
Il would have thus gwen employment 4
100 persons Then consider the grea
impetus which would have boon given I,
all enterprises, especially agriculture, II
the sections whore located. Tho knight
OF Honor have no reserve fund. th
Knights Of Honor want no reserve fund
Each member controls his own reserve
carries II In his own pocket, invests ~ b,
plcasca, OF cxpcnds as his daily needs no
Qulrc The knight OF Honor pays only th
actual cost OF Insurance, aud Is not dc
cciyed by the glilloring promise OF hayinl
what he oycrpaid returned 10 him In aite
years.
Hut how does tho order differ from mt
tual Insurance companics7. Chiefly ~ FOL
lows II Ia M solvent a. any, a. prompt a
all, aud insnrcs at lower rate Than eve
the most favored. Are not those sufficient
What moro can be rcquircd3 Yet moro
given. Each lodge Of the order has sic
benefit fund, preserving a member frot
I suspension during bis Illness. Each lode
. has three officers who must visit tho sic
and distressed, advise with them, aud ~
that they lack for nothing II huma
, sympathy bo not 4 dclusiOn, u there I
something more In life than meat and "a
/ ment, the knight OF Honor has found l
Z Il II nothing 10 hear the voice Of q brothe
, 10 clasp his kindly hand and 10 feel ~
assurance that though tho fevorcd bod
! may perish, vet he Will not be left alon
10 battle with disease, but comiorlcd !
cheering words and willing hearts, ASSURE