The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-05

"a es,, uses tnat mad been incurred and wer,
may be that thk difference can ba a vns !
90 ior by the heavy losses OF several a
"a, LIFE INSURANCE. '-' 'e'i
me business OF life Insurance con,o,,,,
SHOWS slight decrease in risks wr,tfa,
as compared with TINT for the ye,s iS1n
~ ,".si amount being $40, Tgd, in. Win,
u" Tbe ~ nr rne wear before shows s43, zoo, so2
s preni'im receipts for the last ycnr
s,,,n sno"n by the reports Of The llfs In
shh1nn,ee companies. amount to "a. no AM
sroM,ihg an Increase Of s52i, 500 "a over thr
gross premium receipts ap Of Of per per cent upon
s,ous is charged life Insurance p,e
paes as their occupation tax rbi.
l nolicy Thh n,dar Is finally paid by ths
,n n,a Of accumulation, is sufacien,rp, II,
,nrgc as compared to any other Class ~ =
Increase Of t tbs paid Int the State An
on any other, ground than that inc sta,l
neeus required IL: and only then. whom ~
nort;r upon Az other ct sses Of business re-.
ppaat'hg TO thls office had been eas.d
ana had failed to furnish snfscieni sS,..l
''ue TO support the State government
FRATERNAL INSURANCE.
hne second report of the fratornitlas tba,
nao Iudnneu IN Texas under tnp l,N.
pp ne y s ~ one Iwenty-sixth legislature will
ue y SUBJECT OF interest to a very Iarga
huinoer OF the citizens of the State
presents the whole amount Of insnr
tbe sd IN force throughout the country by
aut socletles which do business I'm Teyass
ahu II also gives the total amount Of thii
HInalactef Of insurance in force unon thn
hn NJ, OF citizens of Texas 49,
reported mon AMOUNT ,hn Of fraternal insurance
i saoe ior ne IN o year ending December 81,
socictt is Sdl9,o29,iW,s0: and the fraternaI
ending n eep0rt Sl5B9l5,sSSI3oS for the year
crease OF $36 lbs, $50 So This larrss an ~,
a az ."i Is sharacter of insurance more than
Eyer Eyer emphasizes the. need of wise leslsia.
tion upon this subject The voiunis @f
business done by these societies is If sura
riaEailude as to demand from our IAN
i "et os me most careful study of the sub
nad two serious losses amonp commodities
uuoihs the business Of fratcrnal Insurance
MI, hin e having many certificate holders Ia
uWer OF chicago, and the Order of Chosen
friends of indianapolis, Ind These lnsti.
Iuti2ns went into the hands of receivers
"a te.ns y large number of unpaid certih.
sates scattered throughout the country. and
quite a number of them were held by cifi
lens OF this State. There is every reason
s go inSiisve that these certificates will be
sSaeu gown until only small percentage
OF the race of the certificates viii he naId
Mhen the receivers Of the orders finally
uiS Th inc amount that Is In their hands
me failure Of these societies was due To-
a cause that leads to certain ruin IN nor
slsted In by fraternal organizations-fh9t
~, n,oo, N ~ NOT collecting sufficient amount 10
the folly of their undc GrtatE demonstrates
more money than they recelreS ~ pay OUT
e.t tnG internal societies themselves have
own experience which wo o"i,N ,roi9 tnYir
legislature of the various States in mass
thg law making this table Of mortality
fraternal socIetv doinT iif cmarEeu pN
ness. Until this shall have heen do1o pt ~,
very same trouble thar Is shown by the
Chosen Friends viii ha r r"rTn! ana ne
experience of an Other frotnrno 70 ne the
that undertake 70 do bnsipcSs nnl SocieIi1S
of mortality that can nor he , ui,rt y lIpp
Tho fact thnt +h" a" w u' maintained
ternal societies are ad m Ht,I'F when n IRA
may be collected from, No tF ne amount tnat
an examination is n,ado i' "r i.tl VIII
possibility of eXomlnina' IL h nv W. tnt
any fraternal societv mot Io"at ,S IN n,lHIpS Oh
amlner for his fine Ind al i'i H. t" Inc eN-
Is only $50 and this uo,,id ntS 'NpcHSeS
railroad fire 10 and from |bi H"' pay Wy I
dianapolIs. ths resnectivn d Nmt'11p OF ~.
Home Forum and tho Gbngon 'ei 9i tle
much less for tho tinSo ~ "VhSen rlly,iius'
Until this law is so omoudod d"c eHa"nlnGr,
1t possible to examine the fratcrnities onf.
s S OF the state, the department will be
ttolil,,nissloner or the state whore such fra
ternlties are domiciled. showing that such
society nils the. requirements Of our law.
me law as II now stands provides that
t ,nese fratarnities may make provision for
nenents In case Of sickness, temporary or
Pernahent disability either rs result of
disease; accident or old age. This Is the
most dangerous feature of this law, aud
~ shouid ne so amended that the fra
lernlties could not promise any other form
oi lhdemnltN except death benefit: or
II any other indemnity was permitted. to
ronnne such accident, sick or disability
Dehent 10 such provision as the local lodge
might make Such provision as this wouh
prevent great deal of fraud thar will be
FeIpetrated under the clause permitting
SICK or accident benefits. | regard sucn
an amehrment ms absolutely necessary for
the perpetulty OF the fraternal Insurance
companies
traternal insurance Is form Of lndem
nifty which has come TO stay and every
man ever demonstrateS the need of wise
ness. Inc greatest danger that confronts
iraternities at this time, under our law,
Is the competition among themselves, for
In the Offering OF In,
duSements which can not be realized; and
Nndeftaklng various forms or indemnity
about Whlcn the management OF these So
cletles KNOW mite or nothing as to the
amount OF rlsk assumed
MUTUAL FIRE INSURANCE.
In our last report we called attention
10 class of companies organized to do a
form OF mutual fire. storm and lightning
insurance business under an act passed by
the Twenty-ffth legislature: and we at
that time called attention TO the needs
of legislation upon this subject. The re