The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-10
NO REASON FOR A SCARE
STATE DEPUTY DAWSON OF THE
M. w. A. FURTHER DISCUSSES
FRATERNAL INSURANCE RATES.

The Journal has received a COM
municatioH from w. III. Dawson, state
deputy head consul for the Modern
Woodmen of America, in which he says:
"since the publication in The
J o r a l Of several interviews under
the heading Royal Arcanum Change
Discussed, I have been the subject Of
severe criticism at the hands Of some
f~raternalists on account Of some Of the
frank admissions made to your represen-
tative. IT your reporter will correct
two or three misquotations, I am pre-
pared to stand pat Sometimes a
very little word makes a very great
change in the meaning of a sentence.
Your reporter makes me say that AL
fraternalinsurance societieshav discov-
cred that a readjustmen1 Of their rates,
said was necessary Many of them,
in fact most of them, have not only dis
covered that a ~readjustment was nee
essary,' but have readjusted. Some Of
them have readjusted more than once.
This is certainly to their credit. To
discover an error, is we'll. To correct
it, is infinitely better. Many old line
rates.
"Your reporter also makes me say, Il
venture to say that the Royal Arcanum
with it's new rates, is nearer to a cor
rect basis than most Of the Others I
used the word adequate instead Of
correct Z A table of rates may be
adequate and not correct but cannot
be correct and inadequate. It is also
true that a table Of rates may be ade-
| quate and not equitable.
"During the last five years a cam
paign of education has been carried on
along insurance lines that has served to
open the eyes of the masses to the fact
that fraternity and good fellowship
alone will not produce funds with which
to pay death losses, and that it requires
$1,000 in cold cash to meet a matured
John Smith paid into his society only
$3.50 during his life and the society
paid to his family at his death $1,000
does not prove that his society can pay
to the family of every other member
81 900 for $3.50. This is not a new dis
covery, but a we'll established fact lost
sight Of by the masses. in their mad rush
for the almighty dollar; in their insane
fSsn ito to- s59f Ill or 81 get out t. more ,
seeing acts Of such men as Charlie.
Harwick, of his day, Alb Lands ant
others Of the present day, many Of thu
fraternal beneficiary societies have
made timely discoveries of these fun
damental facts and have adopted rule.
that will guaranty their perpetuity
Fraternal insurance is here to stay, an
will always be as much cheaper than ole
line insurance as the difference between
the cost of managing old line companie
and the fraternal societies., which is n,
incorsiderable item.
"There is no occasion for any mem
Der of any of the leading fraternal SO
cieties to become frightened over tn
rate problem. These societies will
continue to pay their losses as they oc
. cur, and will collect the money neces
sary to pay them from their members
No fraternal beneficiary society is dc
t ing an insurance. business for profit
Each member must pay his share Of tn
: losses, and no man ought to expect t
y pay less than his rightful share. A: dt
other man pay it, and such a desire
: not prompted by a spirit of frate,