Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-01-03
FABULOUS INCOME.
Growth Of Fraternal Insurance Bust
mess Enormous MarshalltoWn's
Onnorf,Ini&u


mess Enormous - MarshalItown's
Opportunity.
Secretary Sears reports every one
has been so busy during the holiday
weeks that it has been impossible to
get a committee of citizens out TO
solicit the pledges for insurance that
are required in order to secure the
location Of headquarters at Marshall
town He has himself been out and
secured nearly 100000 of pledges. He
says our citizens do not appreciate
what a splendid proposition is made us,
mo one who has not taken the IN
surance reports" said Mr.. Sears, and
looked up the amount of insurance
carried by these assessment or fraternei
societies can have any idea of the
enormous business they are doing and
of their immense popularity with the
great masses of the people. They are
looked upon as the common people
companies.
Take the various branches Of the
Ancient Order of United Workmen!
They are carrying nearly billion ana
half, over 1,460 million dollars of
life insurance, the most of any COM
pany in the world, and last year their
income was over twenty million dol
lars. The supreme lodge of that order,
of Meadville, Pa, is alone carrying
$767,7S2,O00 of risks and its income
last year was $9,975.73O.
The Modern Woodmen Of America,
of Rock Island Ill.,, is carrying over
thousand millions Of insurance and
its income last year was over six mil
lion dollars. The Royal Arcanum was
over S5S5,000,OO0 with over 100000
income. The four orders Of Maccabees.
Of Port Huron, Mich, carry over $780,
900 600 with over s5,000,0Oo income.
The Woodmen Of the World OF Oma-
ha, are carrying over s3S0,ooo.000 and
have an income Of over 100000.
There are scores Of other companies
running from fifty to one hundred and
fifty millions Of dollars of risks. Why!
the business of the two companies at
Rock Island and Port Huron became
SO enormous that they couldn't get
offices large enough for their use ana
had to build their own fire proof office
buildings, one costing over 100000 and
the other $240,000.
"The plan of the company proposing
to locate here is in my opinion better
than that of any Of those who have
gone before appealing to the judgment
and feelings of as large class of pa
irons as does either Of the other COM
panies, equally as economical and safe.
The men at the head of 1t are men of
good standing, morally and financially,
and are believed to have the vim and
push and energy necessary to put
this company in few years to the very
front rank, when they may also be
occupying an office building Of their
own and giving several hundred Of our
citizens pleasant and lucrative en-
ployment. AS the office expenses Of one
OF these companies last year We're over
100000 you can see I am speaking
within bounds"
"All the company asks us to do Is to
take a certain amount of insurance
which is worth all we pay for and it
will then enter into a written contract
to make Marshalltown its headquarters
for twenty years. 1t does seem to me
our citizens can not afford to let this
company get away from us. If we get
1t, it must be by all our citizens lend
ing their help in soliciting and also
taking insurance. One or few can
not do it ALL
1t is to be hoped our citizens win
with the good resolutions Of the new
year close this matter up at once as
remove their offices and some half
dozen families as soon as Marshall
town accepts the proposition.