The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-02

Philadelphia, Pa, Oct. IA sugges-
ton for a writ of quo warranto was yes
terday filed at Harrisburg by Attorney
General Mccormick against the Sex
ennial League of this city, a beneficial
organization, conducted upon some
what similar lines as the unfortunate
Iron Hall. The action of the attorney
general is based upon information fur
nished by Insurance Commissioner
Lambert, and the league must show
cause why its charter should not be re-
voked, its business closed and a receiv-
er appointed, because of illegal viola
ton Of law. Judge Mcpherson granted
the writ, making it returnable on Oc-
tober 6.
Insurance Commissioner Lambert, in
his letter to the attorney general, says
that the Sexennial League was incor-
porated in 1888, for the purpose of the
maintenance Of society for beneficial
or protective purposes to its members
from funds collected from them Since
its organization it has issued certifi-
Gates maturing in six years, in consider
alton of certain assessments, to pay to
the certificate holders at maturity
sums of money very greatly in excess Of
the amounts of money received from
assessments or which could be derived
from the proper and lawful investment
and use of the moneys so received.
CHARTER RIGHTS VIOLATED.
These issues, he claims, are in excess
Of and in violation Of the charter rights;
are contrary to public policy and are
in fraud Of the rights and privileges Of
those who have become and are be-
coming members of the institution by
the payment of assessments and the re-
of nv l,a 1af-
ter ends with the request that the at
torney general take steps looking to the
dissolution of the concern.
Attached to the insurance commits
sioner's letter is a communication from
Robert Z. Forester, actuary of the In
stance Department, who made an eX-
animation in which, referring TO the as
sessments of the league, he says: AN
assessment is divided into three parts
40 per cent goes to the reserve fund,
which is used 10 pay maturing certi-
hcateS only; 10 per cent of the expense
fund and so per cent to the relieffund,
which pays sick benefits. Before any
certificates were due the balance Of the
relieffund not used in sick benefits was
turned over to the reserve fund. But
after the league began paying certifi-
Gates this balance was used to help pay
the maturing policies. The first certi-
ficates Of the Company Sexennial Lea
que were written in July, 1883, to mature
six years later.
MILLIONS IN ASSESSMENTS.
Actuary Forester gives tabulated
statement, showing operations of the
league. The total amount received in
assessment was 81, e02 ,0S9.ei and sick
benefits 10 the amount of 100000 were
paid. The reserve fund, prior to any
payments, amounted to 81 ,2l1. 299.57 In
September, 1895, il stood at 1852, 126.14
Only after the ffty-second assessment
was the 10 per cent for expenses taken
out. The difference between the
amount to be paid on maturing certifi-
Gates and the actual amount paid is the
sick benefits With interest and paid ma
turing certificates, as per example in
the first quarter: Face value, S2S3, 900;
amsunt to be paid, s741,S00; actual
amount paid s12S,3 32.6O; sick benefits,
SIS, 1910.
Il think this an attempt to throw
discredit upon the organization" he
said, "such as was made same years
ago unsuccessfuliy. We are in a -four
islhing condition, have large member
ship and our business is perfectly legi-
innate" Mr.. Reynolds would not give
the number Of those in the order or dis
cuSS its workings.
THE man who boasts that he works with