The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-05-22
HAVE HEARING ON
AMERICAN GUILD
Resume OF Insurance Depart
ment's Report, Which Will
Be Considered.

The State Corporation Commission
has announced that / will on she 9Th
give hearing In the matter Of the
American Guild. a fraternal insurance
organization on which a report was
recently submitted by the Insurance
Commissioners of Virginia and Mary
land. The report was made public in
Maryland by Commissioner Benjamin
+. Grouse, and that of Commissioner
Button, of Virginia. was delivered to
the commission, of which the Virginia
Bureau Of Insurance is an adjunct.
The reports of the two commission
ers are Identical and are based upon
investigations made by Actuaries Leo
J. Wolfe, of MARYLAND, and Charles G..
Taylor, of Virginia. It is q printed
document Of some twenty-five pages,
and goes into the analysis Of the finan-
cial status and transactions OF the
Guild with great detail.
The report Of the actuares, based
on the sworn statements of the officers
disclosures as to the ANA hmation Of
various fraternal benefit organizations
/ with the Guild, by which they We're
| absorbed
The report shows that the salary OF
4 Supreme Governor S. Gnleski on Deem
| Der 81, 19G, was $4,000, and that he
1 received $4,000 rs extra compensation.
/ The supreme vice-Eovernor received q
salary Of $500. the Supreme Secretary
Mr.. Carl W. Kimpton received sal
airy of $4,000, and extra compensation
Of $500, and the supreme treasurer
| $1,000 per annum.
| The report goes into the history Of
the recent absorption by the Guild of
the Modern Puritans. fraternal bene-
At organization, with headquarters at
| Norfolk, the absorption or acquisition
by the Guild OF the Ancient Order OF
pyramids December 81, 1904, and OF
the Yoemen Of America, Juno 7.19o5,
und various other transactions Of In
! terest.
Ono Of the most striking exhibits
made in the report is that of the ex-
ciert Order Of Pyramids. The former
president Of that order received s27,
S05.24; the formor secretary Of It, s17.-
S1S.4s; its medical director, $4,000; Its
900. a total OF ss5.ess.7s. The repor,
adds: 'Thc payment OF such large
SUN OF money for such purpose without
any legal and written contract, needs
no further comment"
TheSassets derived by the guild from
the Order of Pyramids amounts. the
report says to $4,000. accordip> tc
1.-THE guilds answer to inquiries;
In connection With the AmalEana-
ton Of the guild with the Yeomen OF
America, It is stated that the con,
tract OF amalgnmntion would have cost
the guild $4,000, but was Subsequent.
y compromised at $4,000: The ,o assets a, :, #
to $1S6,6S1. A contract was made with
G r corlett, supreme treasurer rs, Of the
to- receive the sum OF So for eacl
member. or not less than $4,000, bu
this was subsequently compromised al
/ $4,000
Here is specimen OF the report
with reference to the results Of anal
gamation with the Order OF Pyramids
During the first thirteen months. Feb
ruary, 1905. to February, 1905, Inclu
sivc. the collections from Pyramid
4 members were s137,a70.27, which wa
taken for the general fund or for eX.
pense purposes. During the same pc.
Rod the death claims S.om the Pyra
Inids We're sGS.053.33. This sum tn,
Original guild members paid from tn
ImortnarY and old-aSe funds. created
by them, and represents. PRACTICAL.
speaking. the burden which this anal
cation placed upon the original mem
berS OF the guild !" f-15 IVY