Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-11-06
SPECIAL NOTICES.
CUT THIS QUIT
KEEP lTl
Foley HOLDERS OF THE MUTUAL FIRE IN
SUkANCE COMPANY

SthANCE toNPAN1-
b, The s nsssrs have published that my
W., ne Injunction # the Equity Court, dated March
The two questions. THEIR RIGHT TO put out
members who do not vote for them. and the RIGHT
make or alter bylaws, before the courts, and
The MAIN ISSUE. agitated now for five years.
will state briefly and clearly possible
They have refused to meet 1t themselves or 10 al
suEance on brick dwelling you give premium note
500; on frames the note Is $3.50. The RATE made
by them Is ONE PER CENT, but you pay THREE
per cent She first year. WHY To give your pol
Icy SURRENDER VALUE share in the assets
per- cent Of hc S sS aS paG sG III be PAtsD
TO YOUR CREDIT, Is the BASIS UPON WHICH to
CALCULATE your credits or savings thereafter.
AT an average profit of per cent on the assets
compounded your policy should be worth $500 in
is wears out of $50 paid In.
In ISL when the regular TWO per
cent. :'$la per should have been credited the
nGst year 10 surrender value. but they credited
!0is per cent Of that first years premiums; or
81 i0s:: ont Of $500 paid In The savings in ISL
Were lo,s64. 81. In 1882, when the regular rate
was ONE per cent, i64a per cent should have been
credited 10 surrender value. but only u per cent
or the first years triple premiums We're thus cred
Tied, or t' cents out q $500 paid in The savings
thus the surrender values OF these pohc1es are
In is Years at The nyeragc proht s of per cent
the other 81 81 OF SO paid in.
The books show that the average credit to sur
tween 1870 and 1880, when the regular RATE was
per cent. on premium notes and new policies were
per cent and That that the AVERAGE credit to sur
T ns as out Of the nd 1a triple h
RATE was per cent on premium notes and new
policies. entitled to credit of 66Ss per cent,
cies nearly twice what they were entitled to re-
ceive, and the other decade giving about twohfths
OF what they We're entitled To receive.
ten, or about 1000 during the past ten years. sub
1,221 policies were withdrawn. OR PIT OUT, or
about 2oo1 In ten years. largely from the old pol
bers only receive about two-hfths of the profits
they are entitled TO. and many hundreds receive as
the others receive nearly double their equitable
share In the profits OF the company
These older withdrawing members have been paid
$12i,616 from the assets the past ten years Take
the total savings reported in fourteen years from
tied. and the percentage Of credits on the basis OF
the assets. both credited to these old policies these
crepancy OF about 100000 credited than the
entire savings of the company in those years with
assets by an increased valuation of the real estate.
This demonstrates that the old policy holders
entitled to. in Mrs. Matlock's and hundreds
of Others discrepancy between the savings and
the ledger credits IN 1850 required the payment of
a drawback of S3S IS to balance the books but
this lately discovered discrepancy is the other
side OF the ledger 1t follows of Necessity that the
assets are entirely INADEQUATE TO settle the sur
render values. even they now uueIually
credited and that the books cannot be balanced by
any expert accountant.
use the old proxies, or even give new proxies, to
continue this condition Of the company. You must
say whether yon Will continue to allow one fourth
Of the members TO receive three fourths of the
profits.
Do you wonder that, while the Insurance has in
creased 81 TSs 6T1 In Ave years. per reports the
aAeets have been reduced 81 500 SO? Read section
Is Of charter: ''Al real estate purchased by said
company for the purpose Of collecting securing
debts SHALL EsS'HEAT to the government of the
United States. unless the shall hive been
sold disposed Of, and passed bona fde from the
possession ownership OF said corporation, with
IN three next succeeding such purchaS ~ OF
lots s and o, in square 100, bought auction for
81, 900. by dee dated April Is, 1897 the company
has title. the same having passed to the United
States Is ignorance any excuse for neg Feet of duly
Shall the secretary and treasurer continue keep
both the board of managers and members In ignor
anCe Of the condition OF the company: | am
member and shall be a manager until the next
annual meeting. ] have had great expense to vim
dictate this principle of mutually, but throw
the responsibility upon you Shall this holding
time them in ONCE after refusing remedies sug-
gested:
I was PIT OFT upon this me issue in 1895 |
Ind kept quiet; but when invited back in 1898 by
these men, then threatened by the policy holders
with removal, only assentcd upon the express |
promise that these rights Of the policy holders |
should he protected. / made an examination of the
books and made report TO them; their was, |
Keep quiet, we will put you out again. WHAT |
SAY YOU Shal; this matter have your personal
or in blank. that any may them as they
chOOsef
Other questions. NEXT,.i
g II. WALKER, 45S la. ave
Nov. >. 1900. no5-tf
NO MATTER WHO'S ELECTED, YOU'LL NEED I
Clothes Let us b" your tailOrs. A separate pat {
tern for every patron. J. FRED. GATCHEIL, |
ST