The Springfield herald., 1897-07-23
FRATERNITY, PROTECTION.
THE "UNITED MoDERNS." DEM
CONDUCTED ON ANEW PLAN.
Reasonable, Safe and II NJ 'gnet Tint VIII
Draw and Hold Together
Thousands.
Trom the Denver Rcpublican1

From the Denver Rcpublican1
There is no form of assets or estate which
n dying man can leave to his family that Is
so certain, safe. 50 easily and SO quickly
available as tile certificate which binds
some sound, reputable and falrdcaling fra
heirs n certain amount of cash within
specified time after proofs of his death nay,
been mnhc. Millions upon millions OF hol-
lars have been distributed among the fam
He's of deceased certificate holders during
tlon in some snfc and reliable form has come
to be regarded as one of the absolute neces-
IS T'ss m leave a G aTsd sh provded S When
he Is called upon to lay down his burden oi
care and toll.
Some too High, Some too Cheap.
That there is no scarcity OF life Insurance
companies and associations, Is well known
and 1t is equally wrll understood that me
"od line" OF ''leyel premium comhhniess
and high -salarlcd officials. charge entirely
too much to enable men In the poorer-paia
class OF companies. And Of late it is coming
TO he wcll-rccognizcd fact that almost all
the fraternnl organizations with beneficiary
features are open to an equally strong op-
lection, In that they charge too little TO IN
sure their existence for more than n &c com, M
cure n large membership within short
time, most of these organizations nnkc tnc
fatal mistake OF fixing their assessment
rates so low ns TO preclude the possibility. OF
nccumulnting anything In the way OF u
guarantee or reserve fund; and the result Is
inevitable. AS soon ms the bcncht of hrst
medical selection wears OF, or the members
first admitted live out their life expectancy.
an army of members constantly marching to
the grave suiices in few years to begin
that sure process OF decay which Is never IN
tcrruptcd but goes on steadily to the enc
They make no provision for the increase OF
assessments which must necessarily follow
when the yonng members begin 10 n. ne oin
large. while sufficient new blood" cannot
be Infused Into the society 10 offset me nat
nral increase in the death rate: Betwe",m
these two extremes of charging too mucl,
and too little, there Is n golden mean, ana
that has been attained by
TIL. United Moderns.
new fratcrnnl order which was organ
lied little over three months ngo ny 2
large number Of Dcnvcr's most prominent
citizens and best tlnancicrs. The organ
ming OF their efforts: First. that the plan
of any new organization of this character
must not only he a good plan but 1t mus'
he little better than the plan of any SIN
liar society or order. II must be nrncticinl a.
attractive and mrritorlous TO an unusual ne.
gree. 1t must be devoid of the faults nh,i
weaknesses of other plans and embrace NJ
tier. and Incorporate features that are en-
tircly new. All this the. founders and pro
moters of the United M"dGrns S,,o,Snn; have done;
must be aggressive, and certainly In this
respect there can be no criticism. for In les
than three months from the date OF organi,
zntlon, the United Modcrus have entered
over onc-third of all the towns in the state.
forming lodges and numbering among thr
prominent citizens. What Its record VIII
that would be difficult to estimate.
What the Plan Provides.
The plan of the United Modcrns, while
providing FOR the protection of It's members,
without increaalng the cost TO them ms they
grow older, by the accumulation of re.
serve fund. only makes ii necessary TO charge
slightly higher rate In the hosinmins hiai lhmh
make no provision for a reserve fund. IN
other words. the member while In ms
willingly pays Il tribe more IN order that
when he becomes old and feeble MS assess,
ments will not increase. ns Is the case IN
most Institutions Of this kind This plan
permits the young man to Join in later years
Mt the same cost as the young man OF ,o.nny
perity of the order mt n 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
Modcrns are men and women between IN,
ages of lS and ~ years. Applicants mus,
pass n satisfactory medical examination. and
certain hazardous occupations are prohibit
ed. thus reducing the FISK TO the lowest pos
sible figure
erns is an attractive one. bringing together
in n social way the ladies' and gentlemen
who constitute the membership or what u
among the greatest fratcrnal organizations
In tho world.
Summary.
Officers of the old-linc companies admit
that they charge too much for Insurance.
while the promoters of wrll-known assess
ment companies acknowiedse innt ,ie srfn,
est weakness of and peril to these orgahlha.
tions lies In the lack of proper provision
having been made for the accumnlniioh or u
reserve fund.- so that the inevitable lncrca 81
In cost may be avcrtcd. The truly frntcrnhi
plan secures protection, aud many fraternal
benefits as well, at minimum cost, ns
clearly stated In the literature oi 'he Ni'"
erns.
Another Modern Feature.
The Investment of tIc surplus or reserve
funds is under the direction OF the board of
managers of the Modcrns and the advisory
committee. acting jointly under 4 modern
system of accounting i, and %mecKims aYatv nas "s.
siblllty of the loss of any of the iunIS'
Among this latter committee are such such wei, yell
Of the Colorado supreme Court; u. IL
Webb the present cmSers shSr being S e% of
promIncuce, resident In other states.
The Omccrs and Managers.
The officers and board Of managers of the
United Modcrns are as followsi supreme
eraI manager and attorney of the Fidelity
Savings Assoca lion of Denver, with SUD
scrlbcd capital OF Sltpo,ooo, vice supreme
chancellor and department organizer, ~ NJ
Elliott late Held manager OF the Fllelity'
supreme recorder and counsel, Il. w. smith.
Il wcll-known practlcing attorney OF thls
city; second vice chancellor and department
organizer. W. l.. showers, late general agent
of the Fidelity: supreme medical examiner,
Dr. q, ~ Macumbcr, a prominent Denver
physician and surgeon; supreme hnancicr,
h. S. Irish. assistant cashier Of tue Denver
National Bank while NJ Il. Johnson, proml-
nently Identified with the Fidelity. Savings
Association is a member of the board of
managers. The repositories Of the United
Molerns are the Denver National Bank,
capital and surplus SGsO.oOo; the Fidelity
Savings Association. capital and surplus
$4,000
Thus it will he that, with Its ad,
mirnble plans, its aggressive policy and Its
annie financial endorsement, there Is moth
Ing in the way OF the success of the United
M0dcrns, which is encumhcred with none of
ihc dangers or difficulties of the two ex-
tremcs between which It forms happy
medium.
There is the greatest need FOR such n
plan, the rcnsonablcncss and business Of
which appeals to all who investigate. The
growth already attained by the order Will
enable II to protect all present business, and
lnsures the greatest strength and perma-
uency.
TLat tnis modern Idea and enterprise has