The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-09-15
PERFORMERS WILL
RE0RGAhlE PLAN
Entirely New Methods Re-
quired by State Bureau of
Insurance Adopted
BANK MUST NOT GET
INSURANCE DEPOSITS
President Steps Down and New
Head is misunderstanding
Burrell Tells What Win
Be Done.

Golored insurance company with
Headquarters in Richmond, and hav-
Ing the distinction OF being the larg-
1 est and wealthiest concern of its kind
In the world, are making every effort
10 SO organize the methods of operat-
ing the organization along certain
lines laid down and demanded by the
State department of insurance, Colonel
Joseph Button, chief of the depart
ment formally notifying the colored
officers that unless very decided
changes were Immediately made the
license to do business in this State
would be revoked.
Arrangements are also being made
to several all connections between the
insurance society and the True Re-
formers bank. which up to- this time
have been operated as affiliated in
situations. the officers of the insur-
ance concern having complete charge
OF the bank.
Examination conducted some
months ago by State Examiners Hob
son and Davenport disclosed the fact
that claims ordered paid by the In
surance department were being held
up In the bank without apparent
reason. unless because the funds OF
this latter institution being too widely
distributed. had become temporarily
exhausted.
They have been ordered paid. and the
bank has settled-to the last penny.
New President Chosen.
In order that better methods he
tnamgurated and maintained Colonel
Button advised change in manage
ment. President W. l.. Taylor known
as grand worthy master consequently
handed In his resignation Wednesday
to the biennial conclave. which is
now in progress and which will last
several days longer.
The resignation was accepted and
the ex-presfdent has been elected
grand worthy past master. with duties
OF an advisory nature to be assigned
later.
AS his successor President TAYLOR
named A. w Holmes, of this city.
lie was unanimously chosen to take
the executive chair. and will hence
forth be at the head of the organiza-
ton.
Other Officers.
Practically all OF the other officers
were reelected, though there were
several other important changes The
officiai list. as announced Thursday
was AS follows;
Grand worthy master, a. w. Holmes,
OF Richmond. vice-grand master w
l. Anderson. of Pittsburg. Pa: grand
worthy secretary W. p Burren. OF
Rosa Thompson OF Philadelphia:
grand worthy chaplain. J.. r. carpen-
ter, Of Richmond: grand worthy
treasurer II. T. Hill. OF Richmond;
grand worthy guide. Lucy u. Hodge.
OF Montgomery. w. Va: grand worthy
assistant guide. Hexekiah Brown, OF
Baltimore: grand worthy sentry, W.
II. Griffin, OF Washington; grand wor-
thy picket. M. T, Bailey. of Chicago:
grand worthy right herald. $. III.
baskerville. OF Newark, y. j.: grand
worthy left herald. Martha ]. Gibson.
OF Oklahoma.
No trouble of any kind will result
from the change in management. and
already the business OF the insurance
society Is beginning TO pick up. de-
clares Secretary Burrell This officer
has been with the organization since
Its earliest days. Is one Of the charter
members. and is. in the opinion of the
State insurance department, one of
the most competent men connected
with the company.
Through his efforts the concern has
developed from a very small begin
ming until Il now boasts an annual
business OF over half a million dol
lars. Its members run well over the
$4,000 mark. while the insurance car
rted is nearly $4,000. 0oo.
Recently, under the direction of
the concern were brought up to date
and new and much better system OF
bookkeeping inaugurated.
Business Outgrown Methods.
The old books showed that the husi-
ness had far outgrown the old meth
DDS employed. and the greatest con-
fusion had resulted. MIR. Hobson de-
clares, however, that he found that
the utmost honesty prevailed In every
department. and Examiner Davenport,
who spent some time questioning the
officers. says that the spirit OF up
rightness prevails in every ONCE and
that every one had the welfare of the
organization at heart, but were unable
TO give X their best efforts on account
OF the crude methods of management
employed.
Particularly did confusion result
from complications arising between
the transactions affecting both the
Insurance company and the bank. The
money from insurance receipts was
deposited in the bank. and the bank
surplus was loaned to insurance lodges
until 1t was only after the greatest
difficulty that Examiner Hobson could
find out the true state OF AFFAIRS.
All these matters have been now
untangied. however. and the insurance
concern has been given to understand
that 1t is to deposit no more money
IN the Ddnk. ana mat the latter IN
stitution must henceforth walk alone
and support itself, which II is easily
capable OF doing. according to its
present financial condition.
Will Consult Department.
Secretary Burrell, who In regarded
as one OF the officers most capable OF
supervising it's extensive operations.
declared Thursday morning that the
State Insurance Department would be
consulted before any decided change
WAS made.
I'VE realize that we have mixed
things up he said, "but 1t was mere
" because We were unable to handle
them properly. Our methods were
old. and we did not realize how the
business had grown. We built up the
business without help. ana II has now
reached that point where more mod
arn methods must be employed
1--WE are thankful for the advice
given us by Colonel Button. and will
Be more than glad to act upon all
that no may offer In future. Wa are
going to consult his department con-
stantly. because we want to run our
business As It should be run.
when we work out the details OF
our banking business, and when the