Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-03

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mses a : lifs-insurancs company thas ssis 70
nv ~ honest death-clalms soean - peseess
sefors no world - frsuduIsaG nnvorsnS
$500 a honsss men. and Il = equauy true ~
~ unsnaeement Of 8 ufe-iusurance company
that Win permit gang Of insurance
ana couspirators 70 rob he treasury o. shs money
contributed By its mem0ers 10 equally un"oE'ns
~ rsspccs or confidence OF the puollc'
II has been our privileges during tne ps''
twelve months to expose and bring % hsns so'..
Of these fraudulent attempts 20 ROD sne 'f0A'1''
Of our association
president Harper has mentioned some u 'no
fraudulent claims whose promosefs nau ~.
frustrated ny his association. He also animaa-
vcrted 10 libel suit that had been successfully
,,ro.rcuted By the association. Ho referred !"
the fair treatment accorded tho association ny
shs insurance commissioners III otner s'aso''
and he reported satisfactory progress regar''ns
tho Nv brilding that the association u 20 erect
for its new home ONCE as tho corner OF Broad
~.x and Duane street. lie then took mp the
controversy that has always existed between
that il known, on ono side, a. Stock or Semi
Mutual Life Insurance Company, and, on the
other side, a purely mutual company, such as Is
tho Mutual Reserve Fund Life Association. He
rolnted out the advantages, as tho members I'M
derstood, OF the purely mutual company, and
sugsested that II the semi-mutuai companies
persisted In their unjust and unpopular crusade
Il would be but right 10 fight them with retalia-
tory legislation, which public sentiment would
readily indorse.l
Mr.. Harper concluded:
The foundation principles Of the system pre-
sentcd by the Mutual Reserve Fund Life Asso-
citation continue the same to-day as In the past,
which are to collect from the members the
actual sum required for this payment OF its cur
rent death claims and legitimate expenses, the
same eqnitably apportioned among the mem
bers according to the age OF the member and
the amount Of insurance held by each.
The reserve or emergency fund Is admitted TO
be an excess over the current cost, and, there-
fore, It is held, first, for the payment of exces-
sive death claims. its object being to prevent ex-
cessive payments from the members In any
year second II not so required To be returned
to the members by credit on their future pre-
miums or in cash at stated periods, as their con-
tracts provide.
SUCCESSFUL AGENTS.
On October 10, 1891, requisition was made
upon our entire agency force requesting special
efforts for the next ninety days. / am pleased
to report that the following gentlemen have won
distinction, and have by their earnest efforts Sc
cured a warm place In our hearts and are en-
titled to the highest commendstion from our OF.
ncers and directors.
While all Of our agents have done most nobly
in responding to this CALL the following are en-
titled 10 special mention:
F.C. EAMES, Kansas City, Mo.
Pr. JONES, Kansas City, Mo.
X. W. GRAFT, San Francisco. Cal.
Z. p. BARRY, st. Paul. MINI.
F.w DEACON, Racine, Wis.
4. WITHERsPOON, Memphis, Tenn.
A. X. McNICHoL. Winnipeg, Man.
C. b. WOLFsON, Baton Rouge, La.
W. j. MURRY, Canada
W. II. PAULIsoN, Canada.
And IL is worthy OF special note that the flrst
two names, F. c. Eames and p. F. Jones, Sc
cured for the association within the Aforesaid
ninety days no less a sum than s1,10O,000 new
insurance. all written by their own hands and
through their individual solicitation. Others
have secured very large amounts. and one and
all of our agency force are entitled to special
commentator for tho efforts and enthusiasm
manifested by them in the interest Of our asso-
ciation, and the Board Of Directors have voted
to each of the gentlemen named a special testi-
mOnlal a. an eApTeetlOn OF tucr rcBAu'
In conclusion 1 will state that your executive
Officers enter upon the year 1892 with absolute
confidence for the future. Our association was
never in better condition than to-day.
To my Official associates, 10 our many loyal
and faithful agents IN the field, as well as to the
more than one hundred employees in our Office,
/ desire to acknowledge my special obligations
for the help, aid, and assistance which they have
rendered In their respective departments, and
to the many thousands Of members located
throughout our country, Canada, Great British,
France, Belgium, Germany, and Sweden. who
have given us their loyal support in tho great
conflict which has been waged against us, ex-
tend my sincere thanks, and request q con-
tnuance of their confidence aud support
Respectfully submitted,
EDWARD b. HARPER,
President Mutual Reserve Fund Life Association.
NEW YORK, January 81, 1892.