New-York tribune., 1896-06-06
HOW SAVINGS INCREASE.
AMERICAN SERVICE UNIONS PLAN FOR
ACCUMULATING INTEREST.

AN AUTOMATIC SYSTEM. OPERATING UPON |
MUTUAL BASIS IN A SUPPLEMENTAL cAPAc-
ITY TO FRATERNAL ORGANIZATIONS AND
ASSURING EFFICIENT SERVICE AND
CONSERVATIVE SECURITY.
Improvement Is the order OF the age. and In every
trend OF business and science a higher grade OF per-
lection is eagerly sought The intrcacies OF trade
OF the present would appear Ike egerdeHalh u
the business man OF score OF years ago, put the
march continues steadily onward. and each year sees
a greater fulnment Of the much sought-after maxim
OF the greatest good for the greatest number bus'-
ness was left chaotic and uncertain at the close OF
the War but the intervening years have seen IL
systcmatized and regulated. until to-day the possi-
bHties held out to the public by various business
organizations a:.uring and witha so safe that
II s not 10 be wondered that the man whose income
Is limited is himself a capitalist and hnancier. ana
is beginning TO take interest In financial ahars'
and to around to find the best me,hod oy "h'cn
to accumulate money through the agency OF saving
and compounding interest
Perhaps no other class Of business has gone ahead
SO steadily and increased In volume TO sucn an eA-
tent in the last OF years, as the business uoe
by the nil benefit insurance organizations In 'he
Royal Arcanum alone something ike *'o'"""" n"'e
already come from the reserve fund IN 'he pooho''
OF the members and been transferred 10 the poches
OF the beneflcsries. one OF the most Interesting
and worthy that have been devised TO secure
10 the investor the highest for his economy
and thrift investment companies that nave oeo"
organized to act In a supplemental capac'y 20 ,'"
ternal institutions. The American Service Ihio"'
such an organization as mentioned, operating III
New York is the only Of its kind doing business
| upon a mutual basis. The method Is unique. put
effective: ample but remunerative. II Is explained
briefly and without much OF the ambiguous "ofuins
and lengthy directions incident to such cass OF
| business
| To the subscriber certificates are issued upon
annual semi annual or quarterly instaiments FROM
these payments ,he assessments OF a member Of
tr4terilal organization are paid. Iners 5 an ess eS
cess after these payments are made and the e1Srs
s set aside as a separate tund which. invested IN
Buildng ard Loan institutions Is pnnaI tnprorsII cer %
tiaca,es praci cay paid The amount ant Psd rso 10
the American aeyge ron rs pon h the amour.
necessary TO Keep up the AsseSS"'e"'' "'''
The American Service Union does not guarantee
The stability OF any fraierna benet, sOc,ery ~ anu h
dur4Dy oi any 70 Do Win societies 1t does
business with ndviduals upon man oman pas's.
and +, Left TO individuals to determine the merits
1t lies with the Individual to determine whether ne
would prefer 10 continue me payment OF ms H,o.tns
asse s5rnents all his He or aVai. hi.nseIi Oh tne
vice contracts which the Union affords II Is leit 70
him to determine whether i is rot PEST lor hl an No
tains and thus obvate the annoyance and response
PLY ncGn5 upon O9kns AIT Wy he Tee
ana b.neht apparent from sucn system II IS M ett
havng lie insurance to protect not to provide for
such system q automatic responsiveness ~ ,or
it the bes; part Of wisdom 70 save In1nsy,
or safer channel for savings AMI investments has
Discovered than hs hoans IN nS York sSte
After setting these question 1t Is left to him to de-
termine whether he can secure the benefit OF sver
age results in the building and loan movement OF
Ncw- York state in any other way than by partlci-
pang in the mgiga pa care 81 0f and persen re-
search into all the suggestions for impr3yemesn, s
| Of Tho benefits and a sense OF assurance tha, the
method Is safe and remunerative. Tho system seems
10 an Indiylduai whereby he can accomplish such
purpose. and a. tho same time be building up tuni
! which will in a few years afford him a practlcai
equvaen, FOR pad-up .ife insurance that system
remains be discovered. ..
safesuari 70 pro,ect no. only the ssSe OF rss s m
sfS ha, S are sought after and in Undertaking 70
Obtain these results ne rnlon makes ca.s'u ~
hem With he Kn.ckerbocker Trus, Company Conc
the benefit et all contract holders conformity
Through this method. simple but effective. each
% S9fr ss." mad pa @ Mortgages upon
improved real estate within the SAFE oi New %
tcrna societies and makes no claIm toward psrpe;.
Ia'lng them The manasemen OF 'hsss , s9ce'es S, ,.
own welI-ietired neld OF work The Unions work Is
PTy ana oras ana is whole aim is TO
the frugal ndviiua. who wants 90 escape the need
% o paybhs bSh fo mrh ,hg Socmo prscay pad up in
a few years Thus the member has two contracts
Cert,ncate. neither one being dependent upon the
other and this s an element Of no little strength
OF the M n M Hs 0snnsd at sn ihS w Ss &c
found mos. Interesting and instructive.
The American Service Union. In other words IS
F@naci to supplement; other agencies 'or the pr??
motion Of thr't by facilitating safe ani prohaoie
IN arm ysaas 1. s pan IS helpful 10 members Of
tho Royal Arcanum and similar benefit societies In
ahle p reserve funi Tho Inion further relieves
mSber' o. ,nc o. prrbbng prb sn" naS s
! the system. however. - that The Union. by its
e S ho six o ten 0 in
position OF security IN his membership In the
| though he never pays another dollar FOR
ment after reaching period Of safety; while (
term OF tWg'VS or nd hb maT ne T Sraw H"ye
upon to ma ntan his membership in tho benefit
sls fc "'''n The BAN Of the non has been
heartily approved by hundreds OF members OF the
doTssmcnt comes M rom c repressnatve Business
men In the various communities where II has es.
tablshci agencies. The benefits are numerous but
briefly outlined are: ID The contract holder saves
all he pays While the cost Of his pT9scon S s ae
holder al any time should fail to pay his instai-
a dollar held by the Knickerb ecker Trust Company
formItv in his payments and that II he maintains
hs contract to its termination ne will receive the
prlnclDal sum thereof In cash and have practically
a paid-up membership IN his fraternity for the re-
mainder OF his lfe. which would be provided for by
the surplus earnings In his contract tl He escapes
the oh gation of meeting frequent small and r-
regular demands for the payment OF assessments
l5l L. subject the rite snoer that by be-
longing to a fraterna benefit society he must
die 10 win" for he will secure In his own lifetime
the frition Of his undertaking. 80 In the event OF
his death during the term OF his contract his bene-
nciarv Will receive not only the amount Of the BEN
eat certificate In his fraternal order but Will also
have the option OF Withdrawing the cash conversion
value OF the contract with the Union.
on the Board OF Management OF the Service Union
are well-known men who have become prominent In
their of1cial relation various fraernal organZa
tions Among them ere NJ. Samuel Green. member
| Of the Supreme Council Of the Royal Arcanum; Mr..
Howard " Morse chairman OF the Committee on
Appeals OF the Supreme Council oe the Rcval Ar