The Indianapolis journal., 1901-07-12
Old Men Objected to the Change,
While the Young Men Talked
and Voted for It.
MAIN OFFICE IN CHICAGO
WILL NOT BE MOVED TO INDIANAPO-
LIS, As PROPOSED.
Chancellor Fethers Confident the
Pythian Endowment Rank VIII
Soon he on Good Footing.

CHICAGO, July 1.-THE Supreme Lodge,
Knights of Pythias. which has been In ses-
sion here considering charges OF misman-
agement by the board of control of the
Endowment Rank. to-day decided that the
most expedient way OF meeting the de-
hciency OF 900 in the treasury was to
raise the insurance rate to the maximum
prescribed by the National Fraternal Con-
gress. II in this way money is not quickly
enough forthcoming, il is likely a special
assessment of so cents will be put every
member of the order for the benefit of the
Endowment Rank. This latter move would
speedily raise s25O,0o0.
The board of control will continue to in
vestigate the affairs of the Endowment
Rank pursuant to resolutions adopted yes
terday. The only immediate action to be
taken will be the institution of some fore
closure suits in an endeavor to rescue as
much as possible of the money said to have
been carelessly invested by j. ~ Hinsey,
former president of the board of control.
Before the new rates were adopted there
was a violent many-sided fight as TO
whether the policy was poor or not. The
old rates were much more favorable to old
men than to young and consequently the
younger element lined up in favor Of the
change against the older element.
There was an even harder struggle made
by men who thought IL was not fair to
place all the financial burden of making UP
the deficit caused by bad administration on
the policy-holders The men who took this
view pointed out that the Endowment
Rank was incorporated iii the name of the
Supreme Lodge of the Knights of Pythias
and was controlled by it. They said that
Mr. Hinsey was an officer appointed by the
Pythian order and not by the policy-hold-
ers and that consequently the whole order
should bear the losses caused by him and
that a uniform assessment on all Pythians
should be levied 10 make it good
Final action OF the Supreme Lodge was
practically unanimous for the higher rates,
which places the whole burden on members
OF the Endowment Rank, only four dele
gates voting in the negative. BY a COM
promise agreement, however, it was or
dered that when the old death losses were
paid off and a surplus began to accumulate.
the board of control should have authority
20 pass a regular monthly assessment
often as possible.
To place itself on record as responsible for
all debts OF the Endowment Rank the Su-
preme Lodge passed the following resou-
tion, offered by Charles ~ Barnes, of Illi-
nois:
Resolved by the Supreme Lodge of the
knights of Pythias. That said Supreme
Lodge recognizes not only its legal, but
also its moral and fraternal. responsibilities
to stand behind and protect every bene-
fetal certificate issued by and in force in
the Endowment Rank of the Knights of
Pythias, and We hereby pledge to every
holder of such certificates all such legis-
lation as may be needed TO fully protect
.he holders of such certificates and pro-
duce fun and prompt payment of all claims
due thereon"
Theodore La Hache. of Sherman. Tex,
was elected a member of the board of con-
troll of the Endowment Rank. to succeed
Mr.. Hnsey. who resigned under fire. 1t
was decided that the main Office OF the
rank should continue in Chicago for the
present. and not remove 10 Indianapolis,
as had been proposed.
1.-The action of the convention" said
Supreme Chancellor Fethers after adjourn
ment tonight, will give new life TO the
Endowment Rank and place IL better
footing tnan in the past. All possible safe
guards have now been placed around the
rights of the holders of beneficiary certifi-
Gates, and the future is of the brightest