The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1910-08-16
GAINS MADE DURING YEAR IN
EFFORT TO BRING OELlN-
GUENTs TO SOLVENCY.
HIGH FINANCE DEALS GRILLEO
Merging of Societies by Promoters
Denounced as "Scandalous Transac-
t,ons'-Possible Union Dependent
on Proposed KegulatiVe Measure.

Detroit. Mich, Aug l6.-Growmg
demands by ate insurance depart
ments lor regulation of the ten bill
lions OF fraterual Insurance coupled
with united endorsement by represen-
tatiyes Of both the National Fraternal !
congress and Associated Fraterniios /
OF America of the regulatiye bin pro- /
posed and the cooperation OF those |
two great organizations on all matters
OF legislation during the past year vas
disclosed by the annual reporo of Pres
ideut Thomas H. Cannon Of Chicago
to the National Fraternal congress
which began its sessions today CTues-
day, August l6) at the Hotel Pom
| chartrain
The ultimate amalgamaton OF the
| Associated Fraternities OF America
| with the National Fraternal Congress
/ in a giant merger that would mark
/ the victory of the sound principles 10
whion the Congress has been pledged
was Indicated as possible. President
/ Cannon said: should the revised
tentative bill become the law generally
in our states. our National Fraternal
Congress may then include after a
few years, all the reputable fraternal
societies of the land What he
termed "scandalous transactions in
/ the merger OF fraternal societies
were scathingly denounced by Presi-
dent Cannon who recommended that
action be taken by the congress re-
garding them in behalf OF the good
name of fraternal insurance in gen
eral.
Trend Toward state Supervision.
The trend of the times seems to
indicate a demand for more active
STATE supervision by the respective IN
surance departments said President
Cannon. This demand has been for
INFLATED through the insurance COM
missioners conventions and during
F rhe wear there were submitted to the
societies by the fraternal committee
of the insurance commissioners a Sc
ries of some SO questions calling for
= information regarding the internal
MANAGEMENT Of our associations. Some
, unfortunate scandals arising out Of
the merger of societies have accen-
tuated the demand for wider and more
active state supervision.
During the past year there have
been two important conferences be-
tween the fraternal committee Of the
insurance Commissioners Convention
and the officers Of fraternal societies
for the purpose of formulating uni
form fraternal society law. The first
: of these conferences was held in chi
R cago and the second in New York. Al
The first conference a tentative bill
was drafted This bill was the out
come of an exhaustive discussion be
g. tween the Insurance Commissioners
f. and the society representatives,. Il
was not entirely satisfactory 10 al
concerned and after it was printed
. and circulated final conference wa
y had on June 18th in New York 10
st the purpose Of overcoming the o0jec
tions raised and of moulding the bill
into more satisfactory shape 10 al
those interested.
soivency The States Demand.
The Insurance Commissioners
!, Fraternal Committee take the position
J that all fraternals should be place.
] upon a safe and solvent basis and tha
the societies should be compelled Il
take such steps in regard to rates o
, assessments as would place them upoi
this footing and that this result shoul
follow By mandatory legislation gov
erning all societies alike The socie
ties Representatives were informe'
e. that this was the purpose Of the Insui
ne ance Commissioners and ehat unles
al the societies would agree, Legislation
in the nature of a force bill would b
h. pressed by the Insurance Commission
il-I ers
The outcome Of the New York COZ