Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-07-07
ETILL ROLLING IN.
=, FRATERNITY OF FINANCIAL OO-OPERA-
TON DIS BARD.
II, Scr ',ry Ccrtruss to Receive Checks fer
r., snoanS-Ano,su Agent Arrives on
he Scene 10 Start New Ordr.

There arc no startling developments
I,e Fraternity Of Financial Corpora
,n other than the fact that money
,otirues to roll in at surprising rate.
N,boush circulars were quite generally
ant ont to the various local divisions
nm parts OF the country, In many
..scs the circulars giving notice of the
...,,t,on at headquarters would not be
lived 10 far-diStant places before
.,,.siderable money would DC on the
-, The result is there has
IN unite aa influx Of the filthy lucre
80 tbe main Office IN the Reilly build
- A visit % the main Office 10y d
Ipre1srER reporter yesterday found the
|C.rretary buSily engaged ia opening
e,d answering letters. Almost every
|~tber letter that was opened, aud there
,,.ss big batch Of them, contained a
/ 49,, FOR considerable amount, aud in
,Ie few moments that the reporter
|steo5 there, checks to the amount of
|s,me - 600 or $4,000 were opened. All
ffhese were replaced in envelopes, TO-
reiber with the circulars announcing
tbs General tie-up, ana sent back 10 the
Various, parties.
And right on top OF the collapse of
Ills scheme, cones man from Phila-
|3,.Dhia Yesterday VINO was DESTROYS Of
|sartiog q new organization known as
-be Beneficial Loan Fraternity" But
,rhen he was Informed of the rumpuS
-,.t at present existed here in the CO.
'onerat.on scheme, ne concluded TO work
SINE other town. The circular deScrib-
trc the new Organization starts cut with
flowing c0lOrs aud says 1t Is bran
'rew way 10 save money. 1t announces
Eat 10 will pay final benefits IN 6-5-4-3-
and one years, accident and sick beLe-
40, paid after 10 months membership,
|rotai disability benefits paid at any
'r.me. and death benefits paid after one
wear. The circular goes on TO say
The Fraternity is safer than "a Bank
or Building Association as it does not
|fsar "A run on Us treasury, for you have
no claim on it, except in case of sick
hess. total disability, death, or the ma
uritv of your Certificate. Remember,
-w,ntv per cent. of each assessment
goss into the reserve fund and remains
mere for Eve years. Only one-ittb can
'be drawn each year, always leaving
|four-ffths of this large accumulation To
|fo-ect the latter members.
Ia the manner of Increasing the raak
bid de OF the association much the
's.me tactics are indulged in as were
aployed in the Fraternity o. Finan-
aa Cooperation. Any member Secur-
rr the election of seven new members
nr.t- the first three years of his
membership, and the said seven mem
hers remaining IN the Fraternity six
months, paying six mCnthly assess
tnents. the Certificate Of said member
khall mature in five years, otherwise In
Six years from the date o. admission.
The quicker members are brought in
hhe sooner certificates are paid, but no
certificate natures in less than six years,
kept by the loyaky or activity of its
holder. The more you labor for the
welfare of the fraternity the sooner do
kou get its benefits. We take no
fhauces, but only let the certificates OF
Ahose members mature who bring in
8nouCh others 10 warrant its being done
Without any risk or loss.
II. for instance, member holding a
81 600 certificate (claSS d. introduces 80
'new members within six months from
tbe date of mis- admission, and each OF
The 80 hold 81, 900 certificates, and pay
! nto the Fraternity at least six monthly
assessments, the certificate of the mem
Der bringing them in natures in one
Year. and he is paid the sum OF Sl,Ooo
! n one year for $50 and 35 new members.
IL is quite likely that the new organ
ization will not start in this citH
blthoqgh the representative held con-
ference with the secretary OF the col
'apssd cooperative concern yesterday
bs 10 the prospects.
A gentleman by the name or Engel
eamo here yesterday to look after the
prospects of getting back the money
b. invested i'm the first named company.
IT, is stopping ut the Windsor, and IL is
Understood that he has devised plan
whereby he will make himself whole
Rith the company.