The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1903-06-25


lM especially the burial of the dead and of
I'm lNN purely benevolent character have had continuous
3NNl existence in Europe.
NN@aXMl The early societies of country crude in
their plans and were based the idea OF cheapness,
with the of insurance furnished by the straight
life or so-caled old line companies.
The earliest societies lacked of the elements which
found the and which regarded essential to their
successful operation Formerly the of maintaining membership
had relation the the character of the risk each member be-
ing assessed uniform ordinarily dollar the OF
a death.
ascened from experience that essential for fra
tern insurance societies the old line recognize and
adopt the which underie of life Grad
uay there has embodied plans consideration of the
OF furnishing with due regard the mortality rate dis
closed by experience tables with distinctions and character of
affecting such mortality rate In fact the system has
that of the old that is able this time homo
and well defined plans which prevail the
OF its societies. The old line companies have been
e predict their downfall after
short and even basing their criticism not only lax
Of their business but defective methods in the
selection of risks through careless incompetent medical examinations
and disregard for the stable elements of life insurance 1t must be
admitted that the aenal society its early history mted the cr
thus passed it. but great and forward have been the
strides made by years. that the dangers and weaknesses
which peed its existence have been overcome and eliminated and
there presented intelligent organization which embraces in its
makeup all of the upon which the old system relies for its
petuation
Most comparatively embodiment into the
aterna system of fund feature which provides for the
of its certificate holders against the increasing Of carrying
that at the time all Of the societies rapidly making
liar provision in their plans.
In this connection be stated that the and classification
Of their funds the n have decided advantage the
straight life of the former known
and available assets while those the latter classified and
charged as liabilities.
Furthermore the wisdom legislators shown in the almost
exemption laws which relieve the fratern societies from
requirements the old system
although properly making them subject to the inspection OF t
| insurance departments.
The government given proof of its appreciation
of the fratrna societies. quasi charitable or benevolent in
by extending them special privileges under the postal
having engraed the law exemption from
of the written by th whereas the odne
panies made subject taxation in that respect.
be truhfuy said that the older societies. and of th
younger have undertaken the necessarily unsuccessful problem
furnishing less than but experience aided by the in
tegent appreciation of their members of this fay due nvega
thorough information prompted caused the aban
donmen of the inadequate which prevailed the early history
the and led the establishment of standard which supported
experience and the best research of students of the great principle
life So said that the system
prepared the old the demands imposed upon and
its contractua obligations.
Its popularity shown by the fact that most of the states tn
of insurance written and the number of certificates issued by
in both respects surpass those of the odline system.
The relative element which tends to its growth tn
character Of its risks being well known that the odne system
based investment element which finds its adherens among
rich wetodo while the fraterna great embrace
ranks the middle class of people of
reaching influence of the fraterna system
statistics within
ces in this country alone approximately members,
contribution benehaes exceeds Soooooooo
i of this membership Illinois provides 6ooooo
selection of years. taking
consideration mpoymen and climatic conditions coupled wit
beneficial conferences afforded by its and national
adoption of the elements of life insurance give posc
mpregnable Of its odne and
increasing strength usefulness and prosperity
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