The silver star., 1897-07-29

tion in some safe and reliable form has come
to be regarded rs one of the absolute neces
Is t to leave his loved ones esp provided for When
,, care and toll.
Some too High, Some too Cheap.
That there Is scarcity Of life insurance
companies and associations, is well known
and II is equally well understood that the
with their excessive rates, large dividends
and high -salaried officials charge entirely
mna to nnse IN in he
class of companies. And OF late 1t is coming
to be a well recognized fact that almost all
the frnternal organizations with beneficiary
features are open to nm equally strong OBJ
lection. in that they charge too little to in
paratively few years In their desire to Sc.
cure cure large membership within short .St
fatal mistake of fixing their assessment
rates so low as to preclude the possibility of
OF reserve fund and ND the result is
inevitable. AS soon as the benefit OF first
seGSn ns wears @ or % Sf the
| an army of members constantly marching to
the grave suiiices In, n few, years to begin
They make no provision for the increase of
assessments which must necessarily follow
when the young members begin to be old
members. and the mortality rate becomes
be be Infused into the society to Offset the nat
ural increase In the death rate. Between
these two extremes of charging too much
and too little. there is golden mean, and
| that has been attained by
The United Moderns.
| A new fraternal order which was organ
large number of Denver's most ,praminent
| citizens and best fnanciers. The organ
ems ems recognized @ these these facts IA in the begin
ming of their efforts: First. that the plan
of any new ga Of this st character
| be little better than the plan of any sim
liar society or order. 1t must be practical,
gree. 1t must lie devoid of the faults and
weaknesses of other plans and embrace all
the good features of Others 1t must 20 far
tier. and Incorporate features that are en-
tirely new. All this the founders and pro-
ed and done @ 1t w well. second. Sec the infringement %
| must be aggressive. and certainly In this
rsspeet there can be mo, no criticism for In LESS
zation. the United Moderns have entered
over one-third of all the towns in the state.
membership In each place many of the most
prominent citizens; What It's record W vii!
that would be difficult to estimate.
| What the Plan Provides.
| The plan of the United Moderns while
faF hs e eds to- 90 item he as he
| grow older by the accumulation Of a re-
serve fund; only makes it necessary to charge
make no provision for a reserve fund. In
I, younger. mofe vigorous and productive age:
wnnTy pays tGe III .nG %oSe s II es FL ssa.
ments, will not increase. az i the case In
most institutions Of this kind. This plan
permits the young man to join In later years
| at the same cost as the young man of to-day.
| thus insnr'ng continuous growth and pros
perity of the order at a time when other
orders. working upon the death assessment
plan, would be going into decay.
| For Both Men and Women.
Those eligible to membership In the United
Moderns are IN men and women ,IisM,s between ls tne
| pass satisfactory medical examination. and
certain hazardous occupations are prohibit
ed. thus reducing the risk TO the lowest pos
siblc figure
Tie fratcrnai feature of the United Mod
erns Is an attractive one, bringing together
| In social way the ladies aud gentlemen
who constitute the membership OF what. is
doubtless destined TO become leader
1 among the greatest fraternal organizations
| In the world.
| Summary.
Officers OF the d-iine companies admit
that they charge too much for Insurance.
| while the promoters OF well-known ASSESS
ment companies acknowledge that the great
tions lies in the lack OF proper. provision
having been made for the accumulation of II
reserve fund, so that the inevitable increase
in cost may be averted. The truly fraterna!
| plan secures protection. and many fraternhl
benefits as well, at 4 minimul , cost H.. as
| clearly stated In the literature OF the Mou-
| erns.
| Another Modern Feature.
| The Investment OF the surplus or reserve
funds is under the direction of the board OF
managers of the Moderns and the advisory
committee, acting Jointly under modern
signed to reduce 10 the minimum every pos
| sibt1ity OF the loss OF any OF the FUNDS
fn"wn men as ex-Chicf Justice Helm. late
| OF the Colorado supreme Court; Il. H.
Webb The present sSsr,a hsinr 81 AapahSfs in Of
! prominence. resident In other states.
| Tho Onicrrs and Managers.
The officers and board Of managers OF the
Chancelior, Edwin N. Johnson, who Is gen.
| erni manager and attorney Of the Fidelity
scribcd capital OF $4,000. 900; Vice supreme
| chancellor and department organizer. Il. NJ.
ESs ss 4ssoa4 S4 nnS Snsssr sSn.s e. Ins W. wFss s%
| n wcll-known practicinE attorney OF TINS
city: second Vice chancellor and department
Of the Fiiciity: supreme medical examiner.
Dr. q. Il. Macombcr. prominent Denver
y. i. Irish. nssistnnt cashier Of the Denver
National Bank while NJ. u. Johnson. proml.
Association, is u member Of the board OF
managers. The dcpositorics of the United
SaI M9asrpI ana are surplus hs GasSt .Se rasy E
savings Association, capital anu surplus
Titus it will DO seen that. with it's nd.
| mirnbie pinns Its aggressive policy nnd Its
ninplc financial endorsement there H. moth:
| Ing In the way OF tho success OF tho United
Modcrns. which liz encumbercl with none OF
! the dangers or difficulties Of the two cx-
iremcs between which II forms happy
| medium.
There Ii the greatest need for such a
Dlnn. the reixoniblcness and Justncsx of
| which appeals to Nil who investigate. rhe
| growth already attained by the order will
| enable II to protect nll present business. nnd
insures the greatest strength aud perma.
Tint this modern Idea and enterprise has
| originated In Denver. ls a. source Of con-
| gratuintion to nil our people. and the citi-
xcns Of Colorado arc certain 70 show their
appreciation By n most liberal support OF
20 worthy an organization M II the United
Modcrns.
THg COMPANY PAYS TMG FREIcNT
pn their sommon;.:n.: nsw ssssl hcrss yhim VIII