The Montgomery advertiser., 1901-07-26

The question of greatest moment to our order in Alabama Is the question of the fate that await. one-third or the membership of the order in this domain who hold certificates in the Endow- ment Rank. Are they safe? VIII they be protected? Shall they remain in the Rank? Or. shall they surrender their certificates after having paid so much for them in the years that are gone To these questions We can answer that in our judgment every holder or cer- tffcate in the Endowment Rank VIII be protected, every holder of such cer- tificate should remain in the Rank and no one should surrender his certificate If is true that the rates have been raised, but the rate adopted Is that or the National Fraternal Congress, a rate whicE is required by the laws of several States, and, by the adoption or which our affairs will be put, in few (months, to use the language of the Insurance Commissioner of Indiana, "in splendid shape. so that its dehn- quens death losses will be paid ana the mortality of the future provided against
 It is true that our investments have been badly made and are not presently available, but these investments are ordered to be converted into cash, and. as soon as this is done. we will have money to meet all pressing necessities and avoid the larger assessments, by reason of the discretion vested in the Board of Control to pass a monthly payment when the funds in hand will suffice for present needs. It is true that under the table of rates adopted, the payments by the older members of the Rank may seem to be very large. but this will not be true when we consider the discretion of the Board of Control to pass a monthly assessment when a surplus is on hand.
 And to set all doubt at rest. and to forever assure the holders of our cer- tificates. we have the resolution of the Supreme Lodge that it stands be- hind every certificate issued by the Endowment Rank, and its pledge that every holder of such certificate shall | be protected. This resolution alone carries with it the pledge of ten mil lion dollars of invested capital, and | the power of that supreme body to | levy an assessment of ten million more l to hold harmless every investor in | | certificate of the Endowment Rank. l In view of this pledge, taking it fol l granted that every security of the En- | dowment Rank is worthless. concedins that one-half of It's present member ship would withdraw because of tho raise in rates of insurance, and this il | an erroneous concession. assuming tha
 not one new member will be added tt
 the Rank. even in the face of the fac
 that 450 have already. joined 1t since July 1st, there is an absolute guarant,
 of the payment of every certificat now in force that cannot be dispute, or denied. With such a guarantee, W.
 confidently appeal to the membarshil in Alabama to stand true to the color
 of Pythianism, not to desert the caus
 in it's hour of trial. and. by the unan
 imity with which 1t responds to tn
 new call made upon it in this>hour O
 trial. to demonstrate it's love for tn
 Order and its faith in the ultimat triumph of the triune articles of it
 creed.
 | Tennent Lomax,
 | C. R. Bricken,
 Supreme Representatives.