The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-01-28

fespec. We have also reduced tho In.
surablo age 10 fifty years. That Ia
now our limit. Formerly wo want ma
high as fiity.llvo. Wo do no. seek busi.
neas even at this reduced age, much pro.
lcrfing those undor that limit. Mon
coming In at fifty have to pay-a,good
round ratio for tho privilege, lust as
they do In tho old line companies and
they mu't DO In tho nature OF preieren.
t,al risks by virtue Of thoir hoal,h,
vlSor and lie expectancy"
orHgR EXPENSES.
/ asked II there was not other OK.
penses necessary to DO incurred In ad .
dition to tho mere assossmanta each
month. and I inquired also to what OK.
toni they swellel the average expense
to tho insured. +
" suppose YOU reior to the local or
lodge expenses" said ho, There ara
lodge dues In tho Knights Of Honor"
no explained. "just as there arc in Odd
Fellowship, tho compensation for whicl,
nta what arc known as sick benefits and
also the general social benefits which mon
get by association. The lodges aro our
machinery. They arc our recruiting
agencies. They collect aud thoy dis.
buree. They know who are tho most
desirable people morally In any given
community 20 enroll In their aud our
membership. Their duos per annum
average say three or four dollars 10 ouch
lncInbar. and while you can say, In one
IN Ia al Al La, -
penss to each insured person, making
the average total say $40 per $1,000, yet,
In another, sens,. 1t 10 q separate and In .
dependent expense that should stand
on Its own merits.
PAYMENTS on THE ISsrALLMEST PLAS.
This total oil expense" remarked,
"lS about what II would coat young
man OF twenty-five yeass per $1,000 in
In old line company, 10 It not2"
Yes. said ho. II suppose. approxim.
asely, at least, the same; but the young
man aforesaid must pu. up tho $40 in
advance for an old line policy, which,
surprising him to be one oil our kind OF
people. clerk or mechanic, he finds 1t
difficult, II not impossible, 10 do. Bear
in mind that We were not invoked into
existence to sorys the rich or even the
well-to-do, but the poor and the strus.
Cling. OF, in other words, the puoplo
who eau pay one. two, three or even
five dollars, per month, but who can
not pay the yearly multiples OF these
figures all At once, in advance. We
have rich people in our order, there he
named over several prominent St. Louis
people,. but, nevertheless, We do not
claim 10 be rich mans organization.
Rich people who want ten, twenty and
fifty thousand dollars OF insurance can
not &c. 1t with Us. No man can get
moro than two thousand dollars. That
is our maximum, and no man can be
insured for his own benefit, as part OF
his personal estate when he diea. Il.
must be for the benefit OF his wife or
one Of his blood kin. or else some one
dependent upon him. but never for
himself"
A POINT OF DIFFERENCE
"How about that difference between
you and tho old line companies" /
asked. "ot which l hear old liners fire..
quently speak, viz: tina. they eau Dor.
row money on their policies. to Ger.
tain extent, and that they can demaud
paid up policies for what they have
paid in, while you have nothing Of that
kind to oiler?"
We'll, Us to that" said Mr.. Nelson, ~
have simply this to say. that they sim ply
lend back Tor give back in the second
easel, portion Of the excess OF original
charge, and the borrower pays interest
on the loan all the same, Just az If he
had borrowed from anybody else, and
the receiver oil a paid up policy must
needs continue to lend the company,
without interest and without par.icipa.
ton whatever amount he has paid in.
Don't understand me, however, in saw
ing this as .invsighing against old line
companies. for carry policy in one Of
them, in addition to the limited amount
| am permitted to carry here, and they
do present the sometime advantage and
convenience that you name. bu, there
is the string to it to which l have
alluded. A man who can pay one, two
or three hundred dollars 10 advance pcr
year for policy does well enough to in
vest in that way. but our scheme does
not offer any man an Investment, but
simply protection to limited amo unit
on the monthly installment plan of
payments. This ia all We profess to
hold out to the public"
THE SAFETY DEPENDS on THE MANAGE.
aENr.
"Bu., Mr.. Nelson" said. "they toll
methat your association will certainly go
to pieces in the end. The agen. OF tho
Mutual, OF Now York, a. Wheeling used
to tell mo this years ago."
"And what did you toll him in reply"
aaid Mr.. Nelson.
swell, simply that it wa, good
enough insurance as long as it lasted"
"And that" said ho, "is about all You
can say for any form Of insurance, Is it
not? Good as long as it is good, Now
let mo tell you something on that point.
| was IN old line agent when l wont
into this association. The people whom
I left warned me not to go; that would
certainly regret 1t; that tho Knights OF
Honor could not live ten years, and that
I was simply throwing away my time
ard my opportunities. Well, all the
same, wont, and hero am yet. Twcn.
ty-one years have rolled away and am
here, and, what is more, tho association
Is here, and | expect to see II doing
business at the old stand for years TO
como, Just how long don't know, but
Just as long as it Is properly managed,
which Is about all you can say for any