The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1898-06-02

The amount collected over and above
the regular assessments will be dealt with
as follows:-
When the Supreme Treasurer finds that
he has in his possession over and above
the existing liabilities of the order, a
sum exceeding one assessment, he shall
turn over the excess to the Supreme Trus-
tees to be invested in the same manner
as at present provided for the amount of
the general fund in their hands, such
amounts thus invested to be known as the
emergency fund.- the income of which,
together with the principal, is to be used
only in case twelve assessments per am
mum upon the membership is insufficient
to meet current liabilities; and if not re-
CURED for UGH a purpose, the income
arising from the investments is to be adj
ded as received to the principal of said
fund.
Nc part of said emergency u shall
be withdrawn from the trustees except
as provided in section 81, article V.
Another important change decided upon
has to do with the support of the Supreme
Council. Under the old arrangement each
member paid 81 each yea to the State
Council. The State Council paid thirty
per cent. of the amount thus realized 10
the Supreme Council, and used the bali
anee to defray it's own expenses. In adj
dition to the amount received from the
State councils, the Supreme Council re-
ceived a considerable income from What
is known as the benefit certificate. Each
member on joining the Order is required
under the old plan to pay 81 to the SUI
preme Council. The money thus paid is
Supposed to defray the expense of keep
ing his accounts while he is an Arcanum-
lite. The new plan under which the eighty
cents is paid does away with the beneht
certificate. The State Council under the
new plan will be supported as heretofore
by assessment upon the members. 1t is
said tina the assessment for the State
Council will be reduced to fifty cents. All
these changes have been made to secure
the perpetuity of the Order.
Nicholas V~reeland, Secretary and Past
Regent of West Bergen Council. when
interviewed by a reporter for The News
regarding the changes, said:-"The sys-
tenn under which the Royal Arcanum is
organized is all right. The Order could
have been carried on for five or ten years
longer under the old plan of assessments.
Under the present plan 1t can be carried
on to perpetuity. / donG believe that any
change would have been necessary with
In the next five or ten years, but the
constant agitation against our form of
assessing members was ~injuring the Or
der. / nave not heard of any serious OBJ
lection to the change in the number of
assessments. The new plan means an in
crease of our assessments over the maxi
mum number ever called. The idea is
that If the emergency fund grows too
large the Supreme Treasurer may reduce
the number Of assessments to twenty.
The amount of it is the Royal Arcanum
has been giving insurance altogether too
cheap, especially to young men. Good
~actuaries nave figured that it costs $500
to carry 81, 600 to maturity We have been
giving it to young men for s216. The new
plan will place the Order on a firm basis
and insure its perpetuity."
William R. Waddington of Bergen
Council said:-"T am in favor of any plan
which will insure the ~perpetuity Of the
Order"
Mr.. Waddington said he had not yet had
an opportunity to study the new plan.
James Bridges of Sherman Council
said:-"As far as / can learn, the mem
bers are well pleased with the action of
the Supreme Council in adopting a plan
Of assessment which will place the Royal
Arcanum on a firm basis