The Irish standard., 1907-08-10

COD +. Mehren OF Chicago, chairman Of
the committee, occupied most OF the
afternoon presenting the report Of the
committee
The report is embodied in a booklet
Of twenty-eight pages with numerous
tables showing what the rate at vari-
Gus ages is recommended to be. In
brief the plan recommended is that
rates shall be based on the mortality
tables Of the national fraternal con-
gress The present rates Of the For
esters vary from these rates to a con-
siderable extent and vary unevenly
for various ages. The report urges the
increase of the rates all along the line
1t has been found that the Foresters
have not been paying for their in
surance at the rate it has been found
In the long run to cost other fraternal
organizations. One delegate in speak,
ing Of the low rates said: IF we were
to stop now and get no more new men,
bers the organization couldn't stanu up
three years."
Although there is surplus of nearly
$1,500.oo0 in the treasury, many dele
gates think the surplus by this time
should be nearly $4,000, 0o0 Some del
egates are in favor Of increasing the
rates above those given in the national
70 20 tea ~u1A "a
for what they feel should have been
paid in past years. and to guarantee
absolutely that the organization will
stand when the present members are
much older.
In addition to the plan proposed by
the assessment rate committee, several
other plans have been prepared, which
will be submitted to the convention.
One of these is by the chairman Of
the committee. j. F. Mehren Of Chi
cago. which. he advocates as an indi-
vidual This provides for a lower rate
than that stipulated in the commit
tees report, to be adopted should the
delegates think a lower rate would bet
ter conserve the future of the order.
He gives rates derived from the ia
bles Of the national fraternal congress
with 31a per cent interest. but reduced
by per cent. This reduction he fig
ures will be possible because Of the
number Of lapsed policies among men,
bers during a year. The basis for this
reduction is that members who lapse
are usually thirty years old at least,
and have held membership three years.
The average yearly amount of insur-
ance involved in the lapses for 1905 and
1906 was $5,32s,o0o. This would give a
SUFFICIENT profit 50 that all the insur-
ance then in effect. il paid on the full
rates recommended by the committee.
could have been reduced per cent.
He further provides in his plan that
yearly average be taken on the pro-
At from lapsed policies. and If there
is a deficiency over what was expected
this amount shall be made up by pro
rata assessments.
Based on his rates Of 5 per cent re-
duction from full insurance. Mr.. Meh-
rem has worked out five plans, any one
Of which may be adopted by existing
members or entrants. These provide
for full insurance during life, or GER
tain amount up to sixty-five or seven
ty years. and half the amount for the
rest of life. or to be rerated each year
according to special plan. Another
plan provides full rates. but such men,
bers will not be subject to the special
deficiency assessments.
The committee itself recommended
two plans. whole life" insurance and
expectancy life" the rates being
based on $1,000 with $500 after the
period of exectancy under the second
plan. The rates for present and future
members were given, based on month
ly payments at the various ages.
The report Of the high secretary
was also given Tuesday afternoon. 1t
showed that the present membership
in the United States is 1920. and in
Canada, 26.S47. and that the total gain
in both countries during the year has
been more than 5000.
The big meeting Of the Foresters in
the Auditorium Tuesday evening was
preceded by procession which num-
bered 1900 or more. The parade form
ed near the old capitol and moved down
Cedar to Seventh to sibley and up
Sixth street. around the postofiice to
Fifth street and into the Auditorium.
The procession was headed by a
platoon Of mounted police and was
marshaled by Martin ]. Ryan, Six
bands furnished music and a short
concert was given in the Auditorium,
while the theater was being filled
Marshals of the five divisions into