The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1891-07-02
FIT TO A JUNK SHOP.
.,5po.ive Circulars, Elegant Leds-
ors and Receipt Books
rOSED OUT TO QUIT BUSINESS"
=, Fraternity orFinancial cO.opera-
# ,oa Winding up its Anairs in Earn
,,..siz New Policy Holders Make
Claims.

sSts.SiN NC" '
Claims.
III. ful! and accurate account printed
,,sr,iycly in tho IsrraLraEscER yes
,,,Isy Of the attachment suit brought
'.,ir.t .hc fraternity of Financial Co
'..,,,ion Was read with good deal of
:l,.,s,t all OYER town. The "short term
. ,,i have scyera! times been written
v,i,lhe Is1ELLIGEScRR, and the police
s,r. r,co1 ed inquiries as to the char
.tsrof their operations. Until yester-
l., however, the local public only
s,sr theoretically how the companies
..r rrn. The mass of letters and pa
,sr. broagh. hero by Mr.. Emerson II.
r,,Ioston, the Cleveland attorney,
,.oy,l evqctly how the managers made
'- Wsy t5 give i man $50 for 81.
ffe attachment suit is brought for
nniSl " Harrison. o; Cleveland, who
h. Eongl.t MI The clnims Of the 175
-cmbprs oi local division SO, OF Cleve-
mi who allowed their memberships
ni,n.e, Mr.. Fouse, of the company,
.lI M lXrErLVGESCEH man yesterday
at Mr., Harrison hadhella certificate,
,sd had quit the company with a clear
Eoit OF $50.
koMg CONFLICTING STATEMENTS.
Mr.. Fousc told reporter on Tuesday
fat the company hadmoney enough in
bank to pay all just claims without the
aqjI attached in the suit brought on
T5c,,lay. Yesterday q man named
Ward, also from Cleveland, came here
N soe the officers. He said he had four
N ayc matured policies and came to dI.
m,pI payment in full, but that when
h. male his demand Mr.. Fouse told
him he could not pay them, us all the
r5npany'siund lad been attached and
itycni be contempt OF court TO pay
any claim while this suit was pending.
M Ward returned to Cleveland in the
afternoon.
called on Mr.. Fouse. He found that
Gentleman genial and unruffled as il
sothin. had occurred. When asked
.bont the Ward claims he said Mr..
Ward had been paid in cash every cent
that was due him.
alfnw much was that?n
at was really $50, but through u mis-
hke he was paid SlOS; that is Sl7 more
than was due him. l have no doubt he
viii return that"
"lIov many policies did he have?"
ask"
"Wce they not matured2"
"NO, they were not"
SOLD At A SACRIFICE.
Willie the reporter was talking he had
L. bis eyes wander over the well fur
ni:hella large office, formerly the Cham
tef Of Commerce's quarters. Shelves
iull Of circulars, folders, receipt books,
hge fat blank books, bound ledgers
and NcOrds in their original wrappers,
envelopes and office stationery i'm
pressed one that the company was pre-
IaFel to continue business at the old
liHl for several years to come. But a
tE minutes changed all this. Two
junk handlers came in with n pile OF
duybags, and without saying anything
beal to put the stationery into the
b.s The pile overloaded wagon.
W. FOuse was asked ii he intended
TO remain here.
-Ye:. We paid our rent to-day till
August !. We expect to be here tofight
IBIS case, and tie settle up our affairs;
hatye do not intend to take in anynew
members. That is the reason we are
',sni1g Our stationery to the junk
chop
The stuff piled into those bags must
have cost several thousand dollars. The
Junk dealer probably got it for $l5.
w. EOuse turned over the pnges OF a
register and showed hundreds OF names
Of poiry.holders with the word "paid"
Stamped after their names. Occasion
aiIy there was one marked Cancelled"
Further over the Cancelled" mark was
more frequent, and one streak OF
several pages was struck where all were
SO marked.
That looks" the reporter suggested,
land
pt 1yo,' said Mr.: Fouse; @that was a
tte,ii,,adeIphia division that ended in
81 Russian Jews. When there was
sl9' iiaFc'up in Philadelphia shortterm
GieB every bloody member came in,
a'a Tor two da,g We stood there paying
~ money and taking in policies. We
~ bought their certificates and marked
4Gm cFnceled. tell you q local di-
Rloh where the headquarters are is
-gE nuisance. We have never taken
application in West Virginia"
AxIscALcrLArEoN.
Mr. Fousc went on to explain how tho
Eternity failed to meet the managers
rpGctations.
II In a. ten year endowment, say" he
J. ". ", ~ certain percentage oil
rt'cs. The statistics OF mutual insur-
~ and endowment companies were
S FHslI az c basis OF the calculations on
'llch this order was formed. Bnt in
Facticc We found that in a one-ycar or.
~ 81 .he men did not lapse. They all
s,L Tue result was that we had to
t' -se more assessments than We cx-
VI. Foase says he is an old insurance
san' and will return to lcritimntc in
ailhce' He has enough short term
, Slef experience, and has received a
s s1nueF q good offers. He thinks a
s.,n would work all right where the
;iIs,V!yhlage was small enough, but for
! ~ " ,Sc' that people would not 10 into
s ,Ua such 2 basis. It is tho big win
n. N Nsholt time that they want.
NE tonse's partner in the concern