Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1889-01-28
A PROSPEROUS ORDER
A GUARANTEE FUND FOR
WoRkiNGMEN.
What Can be Accomplished by CO.
operation, as Exemplifled by
the Operations of
Iron Hall.


paid off number OF ma
tured seven years certificates. The pay.
ment took place in the Academy OF
Music, which was crowded by members
and fIiends of the Oder. Supreme
Cashier II. G. Davis was present and dis
tributed $52, 900 to the 99 men who had
completed their seven years member
ship. This is the seco.d or third pay
ment that has taken place in Philadel-
phia, while others have been held in
different States.
The Order of the Iron Hall was formed
in indianapolis March 2Stb, 1881, on
different bssis 10 any other secret
beneficial society in existence. The ob-
ject was to secure to Its members
weekly indemnity in case of sickness, or
at the end of seven years the sum total
called for by the certificate, ltss the
amount of benefits paid during sickness.
To suit the convenience OF members, the
benefit fund was divided into five classes,
ranging from 80 cents paid on an assess
ment, up to S2.tO.
1hose who pay the latter rate receive
S25 week during sickness, and $1,000 at
the end OF seven years, but in case oil
n total disability after two years member
ship the member would receive half the
amount called for by his certificate. Those
who pay so cents assessment receive rs
week during sickness, ard $50 at the ex.
piration Of seven years membership,
while the intermediate classes, paying
assessments of 81, 81 so or 81, are in the
same proportion, but all benefits paid
member are deducted from his certificate
at mat aturity. Consequently man alter
he has become and remained member
for sixty days, has fund from which he
can draw from IS to S25 week during
sickness.
If he should be SO fortunate as to escape
| the hand of accident or disease for seven
years, he will receive asum OF from $500
| to 81, ,OOC, according to the class In which
he has entered. During the year 1889
there were twenty assessments, and one
fifth of the amount realized from these
assessments g placed In o reserve fund
at interest, while the remaining four
fiiths are used for the purpose of paying
sick Eenett claims. Since the order wa;
organized it has paid 81 900, 600 for siel
benefits, and at present has a reserve fund
of nearly 100000 with which to pay
certificates as they mature. These certi
flcatss commenced to mature last March
and since then there has been many thou
sands of dollars paid out to the holders
When the order was Arst organized will
its thirty members at indianapolis, 1t wa
predicted that 1t would soon fall, but in
stead II has grown and increased until a
present there are over GOO branches, witt
membership of nearly 10000. 1t
established in almost every State of tn
Union, and the accesslons that are bein
made to its ranks are wonderful. Las
November over 900 new members wer
admitted, and in December the neN
| -, o 4,
ing q total gain In two months of owe
1900 members.
The original plan was that in case o
: the death OF q member his heirs woul
, be refunded the amount he had paid 4
for assessments, but this is about to b
, changed, so that after two years mem
beTship his heirs will receive half th
amount called for by his certificate. Tn
: order is conducted strictly on the co
operative principle, and the fact tina
although every claim has been paid tn
fund for future payments is larger thai
ever before and constantly increasing,
certain guarantee that every promis
made by this great and growing de
will be faithfully fulfilled. Branch NJ
407 is located In this city and has bee
organized something over two years. |
is in o prosperous condition, and If tn
accessories TO its membership should con
tinue, as no doubt they will, 1t will
necessary in the near future to organic
another branch 10 this city. No. 40
meets the first and third Wednesda
night IN each month, and the presen
place of meeting is at Smyth Post head
quarters, Third and King streets, but tn
members are now on the lookout for
larger and moIe centrally located room