Daily capital journal. (Salem, Oregon) 1903-1919, 1908-01-22
MODERN WOODMEN
MUST .RE-ADJUST
OestiOn Of Rates to Be Paid and Sinking Fund to Be
Created Is Brought Up By tile Officers

Document WElttcn W hC1a ChC'H
q W. Hawes. Of the Modern Wood
men Of America, TO every insurance
commission in U. s. on subject OF
adeouato rates, requesting free COM
ment.. He takes stand that NJ. w. A.
must advance rates Of membership,
also strongly favors a reserve fund
on the same plan as the Woodmen
Of the World. The head camp ses-
don which will have TO decide the
questions meets next June. Hnwes
says they cannot continue on present
rates and pay their beneflciaries
The VI. W. A. has an aggregate OF
over S1,323.3 800 insurance In
force. Total membership In U. s.
sol. 900:
This experience is submitted to
the council in proof OF the necessity
existing for consideration OF ways
and means that will enable the socie-
" to meet It's insurance losses as
they will mature In the future. II Ia
shown concluslvely that within the
limit Of twelce assessments per year
and collecting the present rates from
beneficial members, we cannot hope
10 meet or future obligations: thar,
IN fact. our beneficial members,
measuring their contributions by the
iowest mortality standard. and by
our own experience, are paying for
only a minor portion OF the whole
life insurance represented By the
certificates they hold.
! do not submit as a part OF this
report any compromise" rates. or
halfway plans or measures of any
kind, As see Il, our society is re.
CURED 10 either make provisions 20
meet It's future obligations In full,
as they will mature from year 20
year, or when the time comes con-
Tess lis inability 10 do so. The con-
'ideratIon OF compromise" rates or
plans would simply De by way OF de
ierrlng the day OF judgment
Only the adoption OF rates and
plans that VIII enable us TO meet ev-
cry obligation we have assumed. or
may assume 10 the future. Is worth
while II we are 10 retain our posi-
uoh as a society entitled to the con-
Haehce OF its members and the in
'aFlhg public Especially Is this
rue since Ii ls a fact that we are
sui IN a position where we may
'lop' plans and rates that will prove
acceptable to the great mass of our
members, when the necessity for
'aeF adoption Is proved 20 them.
trust that what follows will bring
lOne the conviction to every men, !
vet OF our executive council-if. I'm. !
used' doubt on the point treated ex-
, sand TO every fair minded and !
a0A7st neighbor, that not only do the
'a,s ,.'' or our history prove our in |
I0'''y 70 meet our futare obligationsl
~ present plans, but that the time
y aoop' sound rates, permitting the
.''e'y TO redeem every promise it
-'s made or will make. Is now.
II is to be remembered that every !
'a' our assumed obligations ap-
.'Oa'h mat much closer the dates of
-a'u'i'y the longer We delay the
-o'e years We waste In debating in
'''ao'e conclusions. the larger must
Z each members individual contri-
4'on toward the amount We must
'0''ue 10 meet our Iosses-if we
re 10 meet them.
" our society is 10 live and pros-
~ '' must provide for its members
l'ss high enough at every age. but |
y TOO high at any age. and the
-AS OF collection, coupled with the
d 'Ou''sed benefits. must be such as to
~ . the needs OF the masses of the
'Ype' II would be idle 10 adopt
- - no matter how adequate. IL
~ ~ We're SO high that they could
! oe paid by our members. II the
10y Is to live, its rates and the
-n' OF payment must cover the
- OF the insurance carried and
"''hin the reach OF the masses Of
= peOp'e. Therefore. the question
pan TO be adopted is all impor-
- 'oF the character OF the plan
ullnes the rates to be charged
10" they are to be distributed be-