The daily morning journal and courier., 1900-03-07

System Advocated by Which 1t VIII be
 Set on n Solid Insurance Basis, wtth
 Large Reserve Fund-To be Adopted
 nt Next Annual Session of the National
 CounciI-Board of Directors Elected
 Last Night.
 The annual meeting of the national
 council of the Knights of Columbus
 was called to order in the han of Ad-
 miral Foote post, G. A. R., in Court
 street at il o'clock yesterday morning.
 The supreme knight, Edward L.
 Hearn of Massachusetts, presided, and | William J. O'Brien of Massachusetts
 was the secretary. Those present from | this state included Mayor Driscoll.
 Supreme Secretary Daniel Cowell Dr..
 M. c. o'Connor, John T. Kerrigan, Will liam F. Geary, and James F. Brennan of this city and about sxty-five visit ing delegates,
 l After the committee on credentials l had reported National Secretary Dan- | iel ColWell of this city read his report for the year ending December 31. The report shows the order to be in a pro- gressive and flourishing condition Dur l ing the year eighty-two new councils were instituted, The increase in mem | bership was 4,S31 insured, and 9,990 so- cial
 The order was extended during 1899 | to the states of Indiana, Minnesota and Missouri The present membership is | 57,000, and the balance of the money in | the treasury, after deducting for every possible liability is $S51 ,1600S. There are now 4,461 we'll equipped and solvent councils in the order. The mortality rate for the year was but 7.1O to every 1000 members. This is remarkably small when it is considered that the order has been in existence over nine teen years.
 At ? o'clock the session adjourned and the delegates dined at the Tontine ho- tel. They re-assembled again at 4:3O o'clock and immediately began to take action on the reports of various consti- tuition committees.
 The reading of reports consumed the time until o'clock when it was ex- pected that the council would accept the hospitality of Mayor Driscoll who as one of the incorporators of the or der had invited the council to his home on Howe street for the evening. Many of those present, though wished to fin ish the business and by majority vote the session was continued
 The report of the committee on insur- ance, which was then submitted, was acted upon and eventually approved It advocates one of the most important changes in the history of the order radical change in the insurance rates The committee, after a consultation with a number of regular insurance aetuaries advocates a system, inereas- ing the prevailing rate from 30 to 40 per cent, making level premium plan and bringing the order out of the so-called assessment or fraternal insurance to a solid insurance basis providing for the accumulation of a large reserve fund. It was voted to send the report to all the subordinate councils of the order for criticism or amendment, after which it will again go into the hands of the special committee, whose chairman. | Supreme Knight John J. Phelan of
 
 at the next regular session of the | council one year hence. The system | if adopted, will not be compulsory upon the old members of the order, but it is | to make it so for new mem | bers, after the time of it's adoption
 The report of Dr. William T. Me- Manus of New York city national phy- | sician, which followed, recommended | the creation of medical districts in the | various states. It also was favorably | as was the report of the spec ial committee on associate members, | which recommended greater privileges | for these.
 Further business transacted was the | increase of the salary of Treasurer | John H. Drury of Providence, R. l., from $1,000 to $1,500, and a change in the election of the board of directors, by which they serve terms ranging from one to three years.
 The session closed about 12:30 this with the election of a board of | directors, and a unanimous vote of thanks to Mayor Driscoll for his cour- tesy.
 The directors elected are the follow ing: John N Hogan of Syracuse, N. Y. James A. Flaherty of Philadelphia, P. J. Brady of Cleveland, U. s. McNary of Boston, F. H. Fallow of Hartford, Hugh V. O'Donnell of Providence, R. l.; P. L. McO'Dell of Chicago, John J. Cone of Jersey City, Robert J. Powers of Binghamton, N r., Charles A. Web- Der of Brooklyn, James F. Cavanaugh of Everett, Mass, and Victor J. Dowl ing of New York.
 THOUGHT HE SAW FIRE.