The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1910-04-26
SAFEGUARDS PROPOSED FOR
FRATERNAL INSURANCE


Chicago, April 26.-Safeeuards for
fraternal insurance proposed at their
conference in Chicago this week by
the National Association of Insurance
Commissioners promise protection to
the sound societies against a general
disaster to fraternal insurance threat
ened by the opposition to ~re-rating
offered by some societies whose rates
have not me mortality requirements.
Commissioner McConb. of Oklahoma
in a letter ON this subject said: 81
nave watched with a great cal of
interest the efforts of leading socie-
ties to adjust their business to an
adequate basis. Fraternal insurance
fills a want. carries protection in the
homes of a great man people that
otherwise would not be protected.
This itself Us sufficient argument and
Justification for fraternal insurance.
Not only this, the system of fraternal
insurance in collecting premiums or
assessments monthly makes il easier
for poor people to pay than il they
were REQUIRED to pay annually in ad-
rance. II is said that no N is so
blind as he who will not see, anu |
hope hat the managenents of the
various societies will prove themselv-
es big enough men to advocate and
stand for sound insurance. To argue
for sound insurance does n argue
against fraternal insurance. Those
Who contend that a man Is an enemy
TO fraternal insurance. because he ad-
vocates adequate rates does not cor
rectly state the facts. In fact. the
adequate rate man is the true friend
OF fratemal insurance. and not the
nan that advocates a continuation of
business at an adequate ate"
The threatened expulsion of Chica-
20 members of the Elgin Butter
Board of Trade has led to the charge
that South Water Street dealers have
attempted TO control the Elgin prices.
This the Chicago dealers declare to
be ridiculous. However, the contro-
yersy has given the public a glimpse
at methods by which Elgi1 prices are
made. Joseph Newman declared n
corning h Chicago members: "On
their way out from Chicago they take
a straw vote and decide what the
price will he, and tnen IL they are in
a majority they make that price pre-
vail by taking advantage OF the new
ruling which allows any member to
protest from the f1oor the price of the
quotation committee. Such was their
action last Monday, when the quota
tion committee, after a careful study
OF markets of the country. proposed
a price of 30 cents. The Chicago
members voted il down and fixed the
prise I 81 cents, although they were
selling in Chicago at 33 cents at the
time. The Etyin board OF rad was
formed to establish prices that would
he fair. just and right to all, but that
purpose is being nulliied.r"
The West has lost another insur-
ey power of the East which Tom Law |
son dubbed the system" the remov-
al OF the Consolidated Casualty Com |
pany from Chicago to West Virginia
being. according to those made the |
s~crapegoats. part of the sudden lignt-
ming which struck others who had |
like temerity. The president OF the
company. with an honorable record
as assistant secretary Of the United
States Treasury. president Of the Cas-
ualty Company OF America In New
York and OF a Philadelphia company
has e ON cially <snflladed In a re
port calculated to rush him. and Is
this reply: The report Of Mr.
Roche reflects the hostility which this
company has encountered from its in
cepti0n- For practically two years
there has been a determined and apr
parently organized EFFORT to assassi-
nate the company These guerilla
methods OF the competitore OF tie
conpany were encountered on every
side and enormously increased the
expense OF organization nare. been
warned score OF times A the last two