The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-06-10
GUILD ABSORBED;
CEASES J I. 1 J :'( TO ! [: EXIST. |::|l
Richmond Org ation
Merged With Fraternal
Mystic Circle.
GRoWs OUT or
RECENT ATTACKS.
Or. Galesl<i Denounccs Criticism
Of Order, and Declares It Was
We'll Organized Attempt
to Discrcdit It i'll
Eyes 81 the
IS World"
Or. Galeslsi Denounces Criticism

declares to be Il well organized and sue
ccssful attempt to discredit the asso-
citation In the eyes OF the world, DR..
IS. Galeski. Supreme Governor OF the
American Guild, a fraternal beneficial
and insurance. order. with heuduuar-
tors in this city, announces the dis
continuance Of the business of that
organization by the Fratcrnal Mystic
Circle OF Pennsylvania. All the policy
holders ot members OF the American
Guild become members Of the Fraternal
Mystic Circle, which order has re-
insured their risks. AS result OF this
nmalgnmation. or of the absorption Of
the guild by the Mystic Circle, the
latter organization becomes frater-
nal insurance order with q membership
OF nearly 50,OOoHand an annual income
of nearly $1.0oo.ooO.
Move Anticipated.
The arrangement just perfected by
the guild has been anticipated by in
surance men. especially since the ro-
cent publication of u report on the
guild by the Maryland Commissioner
OF Insurance. It IL generally conceded
that, whether deservcdly or not. the
guild has suffered from the publicity.
given to this report. and the charges
made therein, and that It's future was
Impaired. II not imperilcd.
BY means Of the transfer OF It's
membership and business to the Fra
ternal Mystic Circle an order char
tered in the State of Pennsylvania and
licensed TO do business in this State,
those who negotiated the transaction,
have placed 1t beyond the power OF
the Insurance Department of this State
to reach or to attack 1t in any way.
Though the terms and conditions OF
.nmalgamation are not made known
the merger doubtless WAS a welcome
one to the Mystic Circle (which thereby
becomes greatly strengthened
So far as could be ascertatned yes
1erday the amalgamatlon will not be
resisted by the policy-holders OF the
Guild though 1t was rumored some
DAYS ago that an effort might be made
10 have the Guild placed In receiver
ship. According to disinterested In
fsurancc men. however, tho policy
holders OF the Guild are afeguarded
by this latest merger.
Absorbed Many Itself
The American Guild in its career
had absorbed or acquired by purchase
"a number OF other fraternal5 orders
by the Mystic Circle.
The principal basis of the criticisms
OF the Guild in the report of the Mary.
land Insurance Commissioner was tbs
means OF securing ma;garnation witt
the Order OF pyramids and other fra.
ternal bodies. It was alleged by the
insurance commissioners report thai
large sums were paid out to$indvidual.
and officers to bring about the transfer
OF the assets end business OF these
minor orders to the Guild. The lates
company to be absorbed was the Mod
ern Puritans. which was swallowed By
the Guild about six months ago.
In this connection, 1t should bt
stated that the Guild has never hat
opportunity to answer the allegation!
made In the Maryland report, The
Maryland and Virginia commissioner!
united In the report, but 1t has never
been given publicity by the Virginia
bureau.
What pr. Galeslsi Says.
x Referring to these matters, and ii
general discussing the deal whereof!
the guild loses It's individual existence
DR.. Galesks said yesterday:
Eyes, 1t lis true that the American
Guild has discontinued business. sa!
sit sorroWfully, for in its seventeen
years OF axistenceslt 1t has never failc,
to meet sily obligation cheerfully an
Indefinitely in is good work but TO
tho systematic and apparently we'll -or
ganlzed attempt to discredit it in TIL
eyes oSSthe world, and thus make It
impGssibc. The American Guild hn
!, an examined from time to time b
i,ore than fifteen different insurance de
frtments. and all Of them have com
= F<,, 4
3siness conduct, At last. however,
Aentleman with tho ominous name O
f'olfe, from New York, appeared O
scene. as the representative OF tn
.snpylnnd Department, and made tn
examination for the Department "a
Maryland, Jointly with the Virginia De
partment a
"Thc custom that has heretofore pre-
vailed throughout the country is 70
with these institutions. to point on
mistakes or errors Of Judgment If sue
should be found to exist. and affor
6 the institutions an opportunity to cor
rect them and continue their business
course was taken. by presumably ad
Il Z verse interests. OF having vast quan
Titles Of this misleading report pr1nte
IN pamphlet form. at whose expense
throughout the United States. marke
copies being sent to the newspapers 9
tho country. Thus additional publicit
was given to the report. In my lon
have never before known such method
to be3adopted for the injury of any IN
II stitutlon, good or bad This step wa
taken before the American Guild ha
the slightest opportunity to be hear
In opposition to the report.
Foundation Tl,rcutcned.
''Whilo all this was going on til
American Guild continued the eve
unjust and damaging reports wou]
eventually be overcome without serioV
detriment, However, 1t soon prove
throughout the country, and we,
threatening the very foundation of II
American Guild, There was then b,
one Of two courses to pursue-e!tht
88 Ohke the chances OF losing the men
+ Continued on Eighth Page)