Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1908-08-26
READ HIS PAPER
Other National Insurance. Meet
inos Discuss Subject Treat
ed by Msj. Halves.
IN FRATERRAL GREss
General Demand Amyong Older Frater.
nails Is For Laws Fixing Mini
mum Charges for Risks.

The address which Major c. W.
Halves, head clerk of the Modern
Woodmen of America. delivered be-
fore the secretaries section of the Ma
tional Fraternal congress on the topic
Valuation In Its Relation to Fra
ternal Societies" will be one of the
principal subjects for the discussion
at the meeting of the Associated Fra
ternities of America which convened
at Chicago yesterday, and also at the
meeting of the insurance commission
'ers' convention which went into ses-
sion at Detroit at the same time. Major
Halves was invited to be present and
deliver his address personally at the
meeting in Chicago, but he was unable
to attend. The address, which is now
in pamphlet form, will be read to the
convention by ]. d. Dennison, director
of the Brotherhood of American Yeo-
men of Des Monies. Frederick A. ORA
per, consulting actuary of the Wood
men, will substantiate the address with
number of technical explanations.
General Attorney B. d. Smith and
John Sullivan, chairman of the law
committee of the Woodmen, will at.
tend the meeting of the insurance com
missioners at Detroit and will explain
the subject to them and give them a
chance 10 go on record as favoring OF
opposing the idea
Wants SOIvency Tested.
| The whole purpose of Major Halves
speech is to have law passed that will
require the companies and fraternities
which are selling insurance TO prove
their solvency to the satisfaction of all
/ its members. AT the present time the
major says that il is only the silver
Innings which are shown to the pros
pective member, and that if the whole
truth were known there are many com
panies which are now selling insur
ance which would be shown up as un
able to meet their contracts when the
time comes for them TO be met
The process of figuring how much
money it will take to meet the dealt
benefits paid on the lives of member:
of a society is very technical one ant
takes a deep thinker TO work out. 4
merchant can take an inventory, ado
up his assets and liabilities, and ht
will then know just where he stands
1t is far more difficult for the insur
ance company to do this, as it is deal
ing in the lives of men, which are !;
very uncertain thing at any time. Blu
lit is necessary for the companies tc
know for their own satisfaction jus
how they stand, and 4 number of then
have found that at their present rat'
of insurance they will be unable t.
meet their contracts after certain
number of years have passed, because
the age of the holders of the policie!
is rapidly approaching maturity or thu
time when the death claims on thei
lives will have to be met.
Nearly all the insuring fraternitie
and the insurance companies have seer
, this thing coming, and they have for
mulated different plans to meet ant
, overcome the crisis The older com
, panies have asked that minimum rat
, of insurance be set which will be higl
, enough to carry them over the tim
when the death claims will exceed tn
/ amount of money now on hand Z