New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-29
A FUND FOR TEACHERS.
THEIR MUTUAL BENEFIT ASSOClAlloN'

THEIR MUTUAL BENEfii
| BIG RESULTS FROM A SMALL BEGINNlN"-r'"
POSE OF THE SCHEME.
, u,,,s moro than five wears ago. twenty teachers
Tn IN. nuhuc schools Of New-York met In the once VI
y we'll known lawyer OF this city, with pnn'e"or."s
object in view. They Jacob T. Boyie' in''P' "
Grammar school No. 20: VI. Louise 'ia"'oh' I'o''' -
Uollcy. Alanson Palmer Samuel Ayres' "e",'
O'Ncl Mary A. Magovern, Eugene d. baseh' JUN, ,
stnrdvant Pauline l.. Loss. Nathan +. Beer9, h"''"
A. Rowland Christopher Gregory, Henry " L'oi''
Letta Matthew'S SaiOme Purroy, Rchmond d. r.n'o''
Amelia Klcrsted Elijah ID. Clark and John IL. M'er''
who had gathered there sign the petition lor ,'c III
CORPORATION OF The Teachers Mutual behe'e ~
ISOLATION OF the City OF Now York. Ai,io"s" ~.
founders of the society under the leaoefsnP VI W.
Bowie had faith in their undertaking, they h'oe i
Izod what a powerful and beneficial orSahhauo" IL
,, become The twenty members Of March ~
,as- hnvo seen their numbers Increase 10 more ''"
oOobalf OF the number Of public school teachers III
tho city-and have other cities ioiio" '"e'' p
so f,r n IS known. The Teachers Mutuhi benci''
socioton was the first organization OF us h''u u, Wv
limited states But the teachers OF DrooHs"' i
dcphi, Boston, and other cities In various paris u
,bc country encouraged ~ the good work OF 'ne''
,,oo,,os In New. York have formed similar soc'eueS'
+, Il believed and hoped that before the end OIL '"c
prcsent decade every large city In America VIII "'0
rs teachers mutual benefit association
Tho objects Of the New York society are two-io'u'
To pension any OF the members WIN ""s 49,,
phy,ically or mentally unified TO continue Vo
in the schools: and 10 contribute 10 tue s"Pp
those members WHO. having practsed their proies''o"
for n certain number OF years, desire 10 re,''e ~
,i,o servico Male members Ct the society ho'
nhvsicallv disabled must act as teachers forty ye"'
before becomnC entitled to the pension. but the "o
teachers may claim that right five years eari'ei' .
The membership OF the association Is restricted u
teachers and superIntendents OF schools IN t1 cp'o
Of the Board OF Education, the Boafd vi i,u' 80
,e College OF the CITY OF New York. and the b"'.u
=, rretoos ~ the Normal College. a two-th"us
,o If the trustees Is necessary for the elecu'h Vi
momhc- The initiation fee Is only ~. Inc aiu"'''
dues ar. graded In certain sense for oil 'o''
receiving a salary OF Fl 900 or less inc a''''' ""
oro per cent Of the salary. For those recei'i"s
salary above that the annual CUES are CIV p
80 cents for every 800 above S1ojo but uic '.""'
auea ~ M member can greater than FLO Inc uueS
go 60 1o maid in ten equal instruments. one each month
., tI,, year executing July and August a 'e'cnei
T., ol,cible 10 membership only after having lolio"e"
the profession for three years. Any teacher VIM P
Mics for admission within three years OF inc u"e a.
Itch no bocomes eligible Is obliged TO pay dues only
from tl,e date Of admission. In all o'hcr c"acS up
plcants are T. pay dues from the date al winch ,
hocome eligible Those who become members Deiore
1.
ucrts. hut after that date they must b" pa'u Ill
o nm, at the time Of admission. This last provision
IN, hocu made I'm the hope that al the publc scnoo'
teachers Of the city will become members Oh 'e UT
rnni,atIon before the expiration OF the present Se''
and the officers stu believe that their hopes VIII DC
realized. ~ 49, -,
ro,, Dosni,c is comparative youth. ii IS In an
ovceIlent rranci,t condition. Two years as' inc
,rp,ncnt fund Of the society less than S1o'OoD'
while today il Is more than Sl23,ooo Moro Una"
$50 600 was added ~ the fund by the fnir he" wv
vcor, ago under the auspices OF the society, Inc
annual income from lie members Is almost S-o'ooV'
The total expenses each year aside from the h""''
tics are nbont s7Oo only Sfoo Is paid for sahries.
, oc,c,v certainly could not be administered more
economically -,
Ten rer cent Of the annual income Of the association
,s applied for the present to the permanent iupu
rnilc the other 90 per cent with the ih'a"oh iee'
md interest on the pcrman an fnnd Is "Seu !" p''
Ing nnnuties When the permanent fund shah nave
coached Tho sum OF 100000. II IS 10 he no longer III
crcosed bv tho addition parts Of the Imitation ices
~ ,rnr,l ducs Tho fund Is then TO De placed 10 the
credit Of the annuity fund. The officers OF the aSSooa
non have reasons hope that tbs fund VIII rea'n
rho maximum point within few years al the most
craftcr the association proposes To give two enter
tanmcnis each year. In the spring and one IN inc
,ou ma nrocccds 10 be added TO the annuity fnnd
According 10 the laws ol lU' S''i'AN 10 "''"N' $3.50
only ~, invested IN United states bonds and In bonds
and mortgages on productive real estate In NETWORK
and Brooklyn.
A. tnc present time the association has sixY-two
pnnuitants OF these thlrty-six have retired rom
tho schools on account OF disability. ana tweny'sS
on account Of length Of service. The highest amount
maid nv tho society Is $500. Ordinarily the annuity
Il go per cent Of the salary ut the time of the
teachers retirement. Thus member OF the asSocia-
,-,t no I'm danger OF want
The officers Of the society are President; jacob
r. Borle. ceprc>ident. Miss ". Louise lawson
recording secretary Abncr Il. iIocy financial Srcre
tary Manson Palmer: treasurer Andrew J. WhtcSme
Gnancc committee Dubois y. FrSbcc. Henry t. litcli.
field \hner h. lIoley Andrew !. WmteSidr. Samunl
McC Crosby; membership COMMITTEES. Henry I:
O'Ncu Icuta Mai-cws Mary \. MaSovcrn. MARI
j. IIill John J. stWdivant committee on ahHi,pS'
richmond u. Elliot John II. Myers. John
j. Stnrtiivant. VI. Louise Clawson. Nellie Ford com
mite, on h, laws Nathan =. BeerS Dubois II: FuSbce
Charles Curtis Amelia Kier'ted. Pauline l.. Loss
drc.ors Henry =. O'NcL Dubois u. Fhsbec. Mars
A Mngovern John J. Sturdivant. Pauline l.. Loss.
s. T. Hecrs samuel Nice. Crosby. Mary J. Hill. Henry
G. Iitch,cld. Letitia Mathews. Nellie Ford. Richmond
b. Elliot, Amelia Kiorsted, Charles Curtis. John H.
MyelS.