The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1906-06-06
BUSY DAY FOR KNIGHTS.

CONTINUED from First Page)
iciently explained to applicants, either
because officers of councils generally
are not interested in this most excellent
feature, or because they have not made
themselves familiar enough with it to
explain its workings to others. We have.
in our present step-rate system the only
logical and sound system and sound
system of fraternal insurance. With
almost no effort to upbuild the insur-
ance we increase rapidly but not in the
proportion to our associate growth
However, the board of directors have
taken the matter in hand, and a COM
mittee of that body is now consider
Ing ways, and means TO effect still
greater increases In our insured mem
bership,
With your Indulgence for few more
minutes will place before you briefly
the history Of our progress during the
past year. In territory where the or
der has already secured a footing our
growth has not Jagged. Every juris-
diction has exhibited a gain, the Oldest
state, Connecticut, having shown a
great re-awakening durinti 1905. The
same is true of Rhode Island, Massa-
chusetts and New York, where it would
be natural not to look for a large in
crease as the territory has been we'll
covered. Instead of receding we have
made a steady advance. In Canada our
progress has been very satisfactory,
and now that councils have been estab-
lished in the Canadian northwest it is
not unreasonable to look for rapid i'm
crease throughout the entire dominion
Vancouver, in the extreme west, st.
John, Halifax, and Antigonish in the
extreme east, are linked together in
fraternal bonds. st. Johns, NeWfound-
land, and Calgary, in the province of
Alberta, are knocking for admission
The close of the present year see the
establishment of excellent councils in
both. of these cities While the growth
In membership has been very crafty
ling, the increase in our financial
strength and integrity has been even
more so. Our surplus is Steadily in
/ creasing and our solvency has been es-
tablished beyond a doubt. When tbs
present step-rate system went into eff.
feet on January /, 1902, we had sur
plus of S621 900 to protect our out.
standing contracts amounting to 1913 10.
| 073,000. To-day we have the 1nagnifi,
cent surplus Of $1,554 soils mortuary re-
| serve fund; $4,000 death benefit fund
$40, 170.97 general fund; total, $1,6l7,.
972.75, in our treasury safely invested
in first class securities under the care.
| full direction of the finance committee
| and the board of directors. 1t is safe t.
| assert that no other fraternal organi
cation doing business in this country
| can boast a better condition. Apar
from this we can with pride refer t.
the endorsements of the insurance de
partments of the foremost states a,
well as the guarantee of our actuary
that we can under our present system
of rates mature every outstanding con
tract without looking to the addition o.
a single new member. Every membe
| pays the cost Of his own protection, 81
that if we discontinue writing new bus
mess to-day we could rest secure IL
our ability to meet all payments wheI
} the contracts would mature.
| It is not so many years ago that WI
| held our convention annually in thi
city practically unnoticed by the pres.
or the public, To-day, however, w
witness a different order Of things. Th,
present indications seem to point gu