Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-04-06
MUTUAL RESERVE VICTORY.
Cnafs's Against III. Famous u. A..
ISOLATION Rented BY the Find.
lnss Of SUpt. Pierce
SUSTAINED IN EVERY VITA, ro,
hurts Defiance at Petty A.,,,,,,
ana stands stronger .nd Nor. p,.
Eressi'c Than Ever Be,o,.

,,,...,' '''" io'K World. April ah)
!" ioHh RESERVE FUND ttrv
ASSOCIATION.
INCORPORATED,
EDNARD Il. HARPER ppvs.....
BROADWAY AND DIANE - .,......, Nr'
~. %. NV YORK. Apru -
To our Policy-lIold.rs. '''" . ISL
Senuemen.-A systen,flo ,..t.,
Tempt IL belag made 70 ini,,- - AZ
,ud' reserve Fund Lie Ass...,,''.. ~
10 members. The man.y..,-.. '"'
nouhe's every assertion rss.-..... 10
,"e sounqnrsS ~ the insf.t,,' "',u
honesty OF management. rs f,t,,... w
,he settlement Of death claim. W
tehtional talseho9l. ami n ct,I" " M
inc men VINO are making Oh. a..,,.i,s
eonne our rom cover ana tax, I, -, ~
open position. manly
.Is S'hpy a renewal X he fob,
as'''., Wv p'Nii' system or irsr~or,.
- - t"e 'aSt attempt % destroy ia q,
surance conducted ass a f.ro,ss' ~ 10.
the old-llne monopoly sv.t,,- ,asaih't
OK money are ranked against the MINI,
, ,seH.i' e, Oe."uNe IL ,lafHles g. Sell M.
insurance AT cost. ami VIII no, d,vr a,
the bidding Of tho mon Vho go. ~" AZ
hundreds OF millions u r,.,e,, Inc ,i'.. me
been needlessly collected 49,, ~ uNNe
pie under the preter.s OF g.,,,, seo-
sound insurance ''h
What purports g. 10 a ,,.r-..,..
the recently issued r.uort = ~. t
York Insurance Department IA,
widely circulated. This purrortat -.
script Is falsshood. made %, ~ , ~
criticisms or minor details f,is, -.
the report, interviewer with the 49,,
charges or o. Thoroughly lrrsso,,si,t,
sheet. which has been irining f,r r,.,,,hs
at the heels OF tho management RS
charges made by this sheet ar, -, -,
by the report OF Superinten5o,, p..-'.
Yet with supreme impulen,e ana -,
dacity these would-be assa,s,ns -,
substitute these charges for Nh 49,
findings.
1t has been telegraphod abv,,t ...,
n certain lawyer. whosa name d.-i,.,,
prominence only by as.ocl,,ion ~, -
Mutual Reserve Fund has srn,i.a 80
the appointment 81 a receiver rh, ~.
sertion IN A lie from beginning 4, on,
No such application has been mad. T.,
the Attorney General NJ facts exi,,
that would sustain such an arpllcs,i,,
The Association IL ready e. meet ,b.s,
falsihers in court or elsewhere. whore
their real character can he revealed ami
their identity established
The points In the finding NJ tho Now
York Department which are of vital I'm.
terest 10 members. are.
l. The financial condition
2 The care Of receipts and disbu,se.
ments.
g. The selection OF risks
a. The payment OF Death claims
On these points the report nsely IA,
testimony as follows
l. The Associations statement Al IN.
end OF 1894 claimed gross assets q The
amount OF s.. $50, ll5.j9 The Department
report places them al S.i5' 2-9n
The Association gave its liabilities At
the end OF 1894 as g. 80 s0fi0 The De-
partment report places them az S2tB..
or IS.
The Association claimed surplus At
the end OF 1894 of Sl.216 1879 The be-
partment report places II az 01ilgA
?. Experimentation Appleton says.
on oath:
The system Of payment and retention
of vouchers Is such as 10 enable per.
feet audit Of disbursement
The cash receipts ~ the Association
are carefully guarded. and the audit ~
same Is most thorough and complete"
nce-Superintenient Pierce says.
~ perfect system Of keeping the
vouchers exists. and the auditing " the
receipts IL most thorough and com.
rletc."
This showing il most satisfactory,
and should be commended"
,. Medical Inspector and Examiner
Fleming says:
II am constrained 10 state that n Is
certainly the entitlement u this Assoc
Al. - r.ls
is due the Medical Bureau Tor the
admirable aud efficient system under
which II Is managed"
Examiner Appleton says.
This important department Is con.
Quoted In "A most commcndable ani salts
factory manner. al every proper pre-
caution Is taken I'm the Inspection OF the
risks assumed by the Association
4. Examiner Appleton says. under oath:
"All vouchers belonging 10 death claims
paid for the years 1888 AMI 1884 have
been thoroughly examined and duly yeri-
fled, and In every instance where the
amount paid was less than the face n
the certificate. all papers. etc. In son-
necti0n with the claims have been con-
sdered for the purpose 81 determining
whether unfair settlements have been
made with bencdoiaries. Each claim II
strictly investigated by the proper ofh-
GERS, and every claim for the above
years on which a fun payment has not
been made was character such as
to make IL the duty u ,hs Association
10 compromise same"
"The total claims paid for 1888 ana l"i
show but very small percen'ase OK
compromised claims"
Insurance Superintendent Pierce says.
IAN proper claims are paid IN fulL
Thus, as will b. seen, the nantz'mrnt
Is sustained In every vital point. hy ne
official examination. II receives WIN
pleasure the suggestion ~ minor names
In detail, and will give them fuil ~'ikh',
always. however. having tn MINI ti"1
the principles which have pfrvdU'l ID
the past have carried the AsSocianln.
under President T. -. HiU'r VINO SUI
stands at the helm. 80 fh' lfoIitat sc
cess that was ever attained ~ "i''
insurance organization
To-day II is stronger. more pf'ti
slve. more hopeful for the iutuir Uth
ever before In rs history " hf W.
confidence OF rs members. ~ ioyaig
OF its agents. and. strong IN tn'n' -"
well defy the petty assaults ~ men '',
selfish 10 regard TIE rights ~ 49,
members. too cOw8ri'Y o. hth'
under the cover 81 irresr0nsi9'' i,iaoiS'
BY order Of Boarl ~ Directort
Q. W. CAMP. Secretary.
Public Debate ~ the '""'k''