Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-11-07
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POLICY HOLDERS OF TIE MUTUAL FIRE IN |
SUKANCE COMPANY.

ioLiCI HOLDERS OF TIE MUTUAL FIRE IN
SUKANCE COMPANY.
-. me marme"rs have published that my INSURANCE.
mad been c'ir"cled March ~, 1900, Notwithstanding
=. injunction + tine Equity Court dated M'irch
The two lGesIions, THEIR RIGHT 10 pat out
oeinsfs " 30 d. not vote for IN m and tue ~ NJ
mike or aiirT ylaws, are before the COURTS ahd
We rh VIII not 2 discuss them, .,-s
MI state as Jrie!y and as clearly is poSa."lee
ihey have refused to meet ii themselves or to al
sl"o; on fanles not is $50 The KA AZ n IL
per esn1 le s, r Year WY 1' TO you s ydr POI
icy a SURRE>DER VALUE or 81 are in the as,,,i,
per, cent of me $ 90 paid. SHOULD ne ri:AoI,D
70 70 YOUR CREDIT. Is IN. BASIS uroN WtliC.l to
tom an myI pr9h{ Of pT worth on ,s 90 a
Is wears Of $50 paid in.
In 1871 Nhen tn re7qIar rate was Two per
list year p SS4t d%n Snae S but f'D 6 et"d
~ isl per cent o in' first EARS rFg'n i'm is, d
wrr. $40, -64 81 In So. when rss,-.r rate
mtG oZt per mt 10 per cent smGnd nave ,eE4 f
o. tue hrst years ripe prr!unls ~erS thus gfrd
i1Sd is or 81 ms go 81 $500 paid in TIE savings
Thus the SURRENDER values Of these policies are
Is years At eIe average profit or Per "ent;
'Gg otRrr sZ."2 our of so paid in
Tue books show thur the avestSe credit TO sur
reider v!iu' n1 Of these hist yers pr, niGins be
tween 1870 md 1850, w!rI tae regular I...i- was
= per ceu,. on premium notes and new policies were
per cent: and at the AVERAGE credit to sur
s by y@S S"i s e" and F1 100 GS iI@"
Rate "ss PEI cent On prem Al Ao.eS ana ~"
Vas about = per c,ht. tie one deca 1" SIZE poll
"i.s nearly :'S"'. NHt they W"rr "jitI'a 10 -
VI what rHeA were III ilIrei to re'"i,
From 1875 1900 ,.css new uoic-es wrr" writ
Ject 20 mi lower raj ~ pro4:S. u Nv I"ars
l,.2l policies wi,.,i.awn, or FIT OFT. or
M 4r..'N rTIpf,l
icies titus yo 'f see tHt tw third of the mem
oers only receive aeoHt two-nfIhs OF the mon's
they entitled 10. ,Dd many lGnirt de receive IS
low onc-sAIh what they shold receive while
the others receive ne rly drlc their equitable
share in the profits 81 the company.
Tirsr older withdrawing N 'n".f. have been pald
the total sa Sin.s reported in fourteen years from
1850: then take the percentage OF PR N hniS crh.
tn. assets. dit thesr old pocies these
SAM fourteen years and you viii d,r"rcr dis,
an OFFSET OF only 10000. where they pld Id the
This i ,moustrates that the old policy holders
Withdrawing ha," been paid over 10 per cent. or
s.titled to as Ii Mrs Matlock's case and hundreds
Of others dIscTep' y hetween the savings and nd
drsw i,ack of s3s.,l2 rs balance the looks but
tbs stty SrIspaney is ON t that other
assets entirely Inadequate to settle the sur
credited anI that the books sanno, be balanced BY
any expert accountant
Use the old proxies. or even give new proxies, to
continue this condition of the company. You
say whethe will continue to allow one fourth
of the members t" receive three fourths Of the
profits
Do you wonder that while the insurance has in
assets have been reduced 81 500 80 Read secti n
I3 of charter All -rll estate pure ed - ii
company for the purpose of collect ng securing
debts SHALL ESd'lIEAT to the government Of the
United States. unless the same shall have been
sold disposed Of. ard passed bonn fd" from the
possession ownership Of sid corpora rion. with
In three years succeeding such purcha es. " OF
lots and . III square 1c2. bought at lion for
$1,000, by dc"i dated April Is. 1897. T.. company
has title the same having passed =" It'd
States. Is ignorance any xcuse for ect Of du >:
Shall the secretary AMI treasurer Hilt 10 keep
both the board If managers and members in ixnOr-
a member. and shall be manager until the next
annual meeting. | have had great expense to vim
dicate this principle of mutually. but now throw
the responsibility upon you. Shall this holding
hoard spend vast sums of your money To con-
tinue them In office after refusing remedies suE
4ested?
I was PUT OUT upon this same issue In 1895
md kept quiet: hut when invited hack In 1898 by
these men. then threatened by the policy holders
with removal only assenfed upon the express
promise that these rights of the policy holders
should be protected. I made e1amina ton OF the
books, and made report TO them: their answer was,
Keep quiet will put you out again WHAT
SAY YOU: Shat this matter have your personal
or In blank. SO hat any may them they
choosef
other questions NEXT.u
S II WALKER. 45S La ave.
Nov. 3, 1900. no5-tf
j. JAY GOULD's WONDER STORE 421 9TH ST
-Specialties for Ladies' and Childrens Fancy
Work In Paper Favnrs Fancy Paper japanese
Co. 1tA